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SECTION.
PAGES
1
TO
184 INCLUSIVE,
GENERAL INDEX.
Page,
EDITORIAL ARTICLES—
THE CHICAGO FREIGHT TUNNELS,
TIME-FREIGHT SYSTEMS
"PRIVATE" FREIGHT CARS
STEAM RAILROADS
INDUSTRIAL AND MISCELLANEOUS COMPANIES
-
-
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST CO'S
154
179
-
-
179
179
179
6
7
9
...
-
-
N. Y. AND BROOKLYN FIRE INSURANCE CO'S
GAS COMPANIES. (See also " Miscellaneous.")
railroad earnings monthly
index to companies consolidated,
We
5
have no extra copies of
-
-
-
-
-
-
•
-
180
182
this Section.
October 28, 1905
WILLIAM
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Entered according •» Act of CbngresB In the vear 19C5,by "William B.
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PATERSON & HEPBURN,
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Steam Railroads, Street Railway, Gas and Corporation Bonds.
20
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Milwaukee Elec. Ry. & L't 5s,
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Grand Rapids Ry. 5s,
Brooklyn Queens Co. & Suburban 5s,
Minneapolis Street Ry. 5s,
Syracuse Rapid Transit 5s,
Kansas City Gas 5s,
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Columbus Street Ry. 5s,
Buffalo Street Ry. 5s,
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Sloss Iron & Steel 6s &
Westchester Electric 5s,
W. STEPHENS &
T.
4aS.
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2
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F. C.
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Trust
HEMPHILL,
J.
WM.
Manager Foreign Department,
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DIRECTORS.
.
WALTER
GEORGE F. BAKEE,
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JOHN W. CASTLES,
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E. H.
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.
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N. W.
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INDUSTRIAL
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Dana Company, In the offloe of Librarian
Entered aooordinj? to Aot of Congress in the year 1905 by William B.
,
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Vol. 81.
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THE CHICAGO FREIGHT TUNNELS.
The building of a complete system of freight tunnels in downtown Chicago under a telephone conduit
franchise, without the slightest disturbance of street
and
has
of Congress, Washington, D. O.
28, 1905.
progressed
No. 2105.
rapidly
completed
practically
and the
in
tunnels are
respects,
all
and
about ready for commercial operation. Their
aggregate length is approximately 32 miles, confined
wholly to the downtown districts, and almost entirely
to the area bounded by Lake Michigan, the Chicago
are
River and 14th Street. In the centre of this district,
where the main streets run with perfect uniformity,
Connections
there is a tunnel beneath each street.
with the railroad stations are being perfected and it is
planned
ultimately
to
put
wishes to use the tunnels.
connections
stub
every wholesale house or other
E. C.
WILLIAM
Post Office Box, 958.
work
now
.
traffic
into
source which
be comprehended
It will
at a glance that a species of rapid transit for
all
kinds of
merchandise can in this way be provided that will
be immensely superior to the uncertain horse trucks
Downtown Chicago suffers far more
in the streets.
than New York does from traffic congestion, because the entire wholesale district is concentrated in
about eight square blocks, although the blocks are
such secrecy that their existence was
not even suspected until the work was well nigh done,
has been a remarkable and interesting achievement.
Labor difficulties and especially teamsters'
strikes have often seriously interfered with the conduct of business, and the proprietors of the freight
The inception and all the early work on the
was secretly planned and executed. The
project
tunnels believe that
Illinois
means of communication not subject to this form
of annoyance but that the very fact of an efficient tun-
traffic,
Telegraph
&
in
Telephone Company in 1899 obtained a
franchise to construct telephone conduits,
and by care-
fully planning its
work, so that none of the excavated
soil was carted away during the day, excited no suspicion until the "conduit" system was well advanced.
Once an investigation was ordered by the City Council,
but the commission reported that nothing illegal was
being done.
A new ordinance was passed by the Council in 1903,
long.
they are not only supplying a
system in operation
nel
aging strikes
among
will
go far towards discour-
surface carriers.
The height of the tunnels, which are oval in shape,
7 i/o ft., and they are built with concrete walls.
The track gauge is two feet, and the equipment nearly
is
fills
the
aperture.
five tons carry the
Electric
locomotives
weighing
motors and take their power from
—
a trolley wire close to the tunnel roof high enough
had quar- so that workmen can walk under it without danger.
reled and betrayed their secret, and at a time when The entire system is single track, traffic in certain
the former corruption of the city government had directions being confined to certain streets, while at
been remedied in a large measure. The 1903 ordi- each street intersection there are cross-over connecafter the original promoters of the tunnels
nance recognized the undeniable value of a freight
tunnel system to the city, but provided that in 1929
the tunnels should revert to the city without any additional recompense than that afforded by the fran-
As the General Manager expresses it, the entire
service will be run by sight and hearing, without
safety appliances of any kind, since the tunnels are
brilliantly lighted with incandescent lights and the
chise during the intervening years,
speed of the trains
and
also required
tions.
will
not exceed four or five miles
stated proportions of the gross receipts to be paid to
the city in the meantime.
For the first ten years 5
per cent annually is thus to be paid; for the next ten
an hour. The exact details of operation had not been
worked out on the occasion of a recent visit to Chicago,
but it is planned that the wholesale houses and other
years 8 per cent, and for the remainder of the term
of the franchise 12 per cent.
It is also required that
the tunnels be lowered if they ever conflict with the
shippers over the lines will receive the cars at the
construction of a municipal street car subway.
With the legal rights thus straightened out and the
to
necessity for crooked
methods done away with, the
basement
level of their establishments, either loading
or unloading
is
whatever
them there
floor
is
or raising
desired.
them
or elevators
The weight
of the cars
not great, so that they can readily be handled; and
the problem of loading freight quickly and conven-
'
RAILWAY AND INDUSTRIAL SECTION.
6
much
[Vol. lxxxi.
Elevators are to be since the train starts entire at one point and terminates
put in at all the railroad stations, so that the tunnel entire at another point, and its operation is much
more analogous to a passenger train than it is to an
cars can be handled on the train floor.
iently will be
simplified.
The company has been making experiments with ordinary freight train.
Unfortunately, the bulk of fast freight traffic does
its rolling stock.
At present it has no very large
amount on hand, and has not definitely determined not take care of itself so easily. Under ordinary cirthe location of its car-storage yards, which will pre- cumstances, perishable and other fast freight will be
sumably be placed on the surface. Such cars as it offered in small quantities, often in less than car-load
has are now engaged in hauling excavated material lots, and a comparatively small amount of it can be
When the full service is in opera- run through from one large point to another in unto the Lake front.
tion it will presumably be convenient to make ar- broken trains; the nature of the traffic will demand
rangements whereby shippers can keep on hand a that certain cars be set out at intermediate stations
sufficient number of cars to load throughout the day, or at junctions either with branch lines of the company
setting them out on the stub tracks at stated times originally accepting the freight or at points for transto
be hauled to
their destination.
It
is-
not yet
known shipment
to foreign lines.
It
is
easy to understand
to what extent the railways will make use of this how these especially urgent cars would become demethod of inter-line freight conveyance. Transfers layed and plod along like ordinary freight if they were
in car-load lots are
to be
made, via the
Chicago
lines,
but
made, and
will of course
continue not constantly watched, and the purpose of a time-
belt railroad that connects all the
it
seems reasonable to expect that
amount of L. C. L. merchandise,
together with package and express freight, may find
The names of a number
its way through the tunnels.
a
considerable
appear on the directorate of the
company, but it is understood that the tunnels' stock
has been subscribed rather by certain large owners
of railway stock than by the railway companies under
their own names.
According to present plans, schedule operation of
the tunnels will begin some time in November. The
financial workings of the system will be watched with
of railway officers
a great deal of interest, for there are
many
other
cities
system is to provide a method for watching
these cars which will be at once sure and simple.
There are a number of different time-freight systems
Perhaps
in use on the large railroads of the country.
the most striking characteristic of these systems is
their similarity to each other.
Within the past two
years many roads have modified their fast freight
methods, and this has of course been done after a
study of existing methods elsewhere, so that the difference between the working of the lines is chiefly a
matter of detail. In some cases, as on the St. Louis
& San Francisco, the time freight is divided into two
classes, according to the urgency of the car movement.
freight
The
St. Louis
& San
Francisco designates these classes
which would be greatly benefitted if the truck traffic as Red Ball and Green Ball freight respectively. Red
in congested streets could be lessened and the move- Ball freight applies on perishable goods, car-lots of
ment of merchandise expedited. It is proposed at package freight or merchandise, oils, emigrant outfits,
the start to establish a scale of charges not materially packing-house products, etc. Green Ball freight indifferent from the present cost of handling goods in cludes a much larger list of articles of a somewhat
teams, but the proprietors of the enterprise state less urgent character.
frankly that they have no figures on which to base a
It is provided that Red Ball freight must be handled
careful estimate of the amount of business they can on trains especially designated to handle it,Jas shown
secure, nor of the cost and profits of handling the on current time-tables. All Red Ball freight is, as far
traffic.
The nature of the soil on which Chicago is as possible, bunched at district terminals for movement
built, a firm clay, without any rock or sand, and the in these trains, which are afterwards filled out with
unusual concentration of the wholesale district gave Green Ball freight. Certain stations are designated
the promoters as simple a task as could well be, so for billing these two classes of time freight. Each
that the present experiment is unencumbered with one of these stations is given two symbol letters and
certain fundamental difficulties and expenses which also a certain series of numbers.
A small station
would be unavoidably encountered in most cities.
will have perhaps 25 numbers, while a point as important as Kansas City will have a thousand numbers
TIME-FREIGHT SYSTEMS.
which it will use serially, reverting to No. 1 again
The freight traffic of a railroad can be divided into after the highest number on the list has been reached.
two main classes: freight which has to move rapidly Each car of time freight that leaves the station is
and freight which does not have to move rapidly. designated by the symbol letters of this station and
These two broad general divisions of merchandise the serial number which is due it, and this mark (as
are usually handled on the same tracks and with the for example F N 15 or B X 30) remains permanently
same equipment, and the problem which confronts with the car until it is unloaded, after which the mark
the superintendent of transportation is to keep them is removed.
apart; to know always where his time freight is and
This separate indication of each car might be called
see to it that it arrives promptly at its destination the basis of the time-freight system, for it provides
without becoming mixed in with the general freight a short way which saves much telegraphing, of describIn certain classes of commodities, ing and tracing a car. The next characteristic of the
traffic of the road.
on certain special runs, this is easy. For example, the time-freight system is a series of special forms for
,
Illinois
Central Railroad ships entire train-loads of
bananas from
its
docks at
a schedule not so very
fast
First of all is
New
much
Orleans to Chicago on the waybill, a short form of which, known as the card
slower than that of its waybill, is often used. This contains the symbol
There is no special difficulty letters and number of the card as described, and tells
arranging for and keeping track of the traffic, where the car is to go, what it contains, where it has
passenger trains.
here in
telegraphing the progress of the car.
July,
RAILWAY AND INDUSTRIAL SECTION.
1905.J
come from,
weight, etc.
its
The superintendent
of
however, obtains his principal record
of the train from what is known as the "consist" reThis is sent to him by the agents at all time
port.
freight billing stations to report the forwarding of all
The report is made up from incars of time freight.
ear service,
several narrow pieces of paper which give rather
room
more
for the particulars about each car than the plugs
moreover, can be taken
from their train when they are reported set out without tne necessity of making any new kind of a record.
do.
On
These miniature
cars,
certain roads handling very large
amounts
of
formation given on the face of the waybills, and is ordinary freight, such as the Great Northern, the
telegraphed to the superintendent of transportation time-freight system is made very extensive to include
Each column in the con- practically everything except especially bulky and
in highly abbreviated form.
On the
sist report is headed by a different letter, and the letter slow-moving articles, such as grain or coal.
time-freight train is despatched
or number which follows this column symbol conveys Great Northern one
,
In addition to these two daily in each direction, starting at St. Paul and Seattle,
basis reports and the arrival report, which is sent when respectively, and in addition to the car-symbol numthe car reaches its destination, a number of other bers, each of these trains has a special designation
forms for telegraphing are commonly used; such as the which it keeps throughout its trip, according to the
The westbound
set-out report, used at points where cars of time day of the month on which it starts.
freight are set out of the train for any reason; the train is No. 401, the eastbound train No. 402, and
the necessary information.
which conveys information to the each one of these trains, when referred to in telegraphic
superintendent of transportation like that supplied communications, would carry the letter A after its
a steamship owner by Lloyd's stations; and the "de- number if it started on the first of the day month,
layed cars forwarded" report, which is used when any the letter K if it started on the eighth day, the letters
As these trains
time-freight cars which have been delayed from any XV if it started on the 29th day, etc.
cause are sent on. It is also customary to mark the require six days to run their distance, this symbol
car with a large and conspicuous sign, such as a card simplifies the confusion which would otherwise result
containing a red or green disk, etc., to indicate its from having all six of these trains bearing the same
character as urgent freight. The superintendent of number on the road at once.
passing
report,
transportation, the superintendent of car service, or
"PRIVATE" FREIGHT CARS.
the officer in charge of this department, by whatever
name he may be
keeps a monthly record in a
The one feature of railroad legislation on which there
large book of each car of time freight.
This record seems to be the most general agreement as to the duty
gives the symbol designation of the car, its contents of the next Congress is the "private-car evil"; which
and designation, and ^its arrivals and departures at means the use of freight cars which are not owned by
called,
record stops here.
graphic method
is
On some
roads the the railroads, as instruments of discrimination between
On other roads a very interesting shippers and of extortion in transportation charges.
employed to enable the officer in The regulation of inequitable freight rates or the re-
time-freight reporting points.
charge to obtain the
fullest
information about any car duction of rates which are too high
is
a
difficult
prob-
lem at best; but wherever the private-car question
first of all, for a large comes in to complicate a rate-controversy the problem
time-freight board, generally eighteen or twenty feet becomes harder yet; it has thus far baffled the wisest
long.
On an important road there may be a number public officials and the most public-spirited railroad
of these boards, which are marked with the names of officers.
It is very desirable, therefore, to eliminate
the time-freight stations and are generally provided the private car if possible. In the hands of the
with hooks over each name. A common procedure dressed-beef shippers it is a potent means of combining
is to hang small boards from these hooks,, each one shipments and sending them over one road to secure
representing a train, which can be moved along as reductions in rates over other and competing roads.
the actual trains advance from one station to another When used in the green-fruit trade it has been made a
and are reported. Each train board so used contains most effective instrument of extortion, for in most
a number of small plugs, each of which represents a fruit regions the trade of a year has to be crowded into
car and is marked with the proper symbol. In a few short weeks, and a customer who has a grievance
this way the large time-freight board shows at a glance scarcely has it well formulated before the season comes
every time-freight car on the road. The little car to an end. In any traffic the shipper who provides
plugs are kept in consecutive order in racks, and his own cars has an advantage over shippers who do
statements of special circumstances are attached to not; not only in cases like those where palpable abuses
the boards or to the hooks where they belong. After have been shown, but in his less noticeable but still
the consist and passing reports are checked with these financially important dealings with the railroad com-
at a glance.
The graphic system provides,
miniature trains, [they are
filed in
drawers for future panies.
Reports of the cars which are set out are
The term "private car" is used to designate any car
fastened on^the boards at the point where the car left not owned by a railroad company; for example, the
the train, and remain there until a new report is re- Pullman sleeping cars. The charges for berths in
ceived showing that the car has been forwarded. Every these cars and the regulations under which the services
reference.
car which has started must appear somewhere on the are rendered are frequently the subject of inquiries in
board, either in a train, in a terminal yard, or set out legislatures; and the complaints on which these inat some intermediate station.
quiries are based arise in part, no doubt, from the fact
A
variation of this system which has certain ad-
vantages
that the Pullman
Company
does not have to publish
to replace the small board which represents full reports, as do the railroad companies.
The freight
the train with a small box which contains in place of cars in the United States owned by persons, firms or
the car plugs slips of wood. Each slip of wood holds corporations other than the railroad companies have
is
—
.
RAILWAY AND INDUSTRIAL SECTION.
[Vol. lxxxi.
been estimated by the Census Bureau to be worth the system of roads in which the car company is fa$72,000,000.
One well-informed railroad man thinks vored because of the high mileage rates. The wisest
and most progressive railroad officers are practically
there are 50,000 cars.
united in the view that the per diem rule is the most
In the "Railway Equipment Register" there is a list of
equitable and businesslike. Views at variance with this
more than 200 establishments owning cars (which does are almost sure to be based mainly on narrow self
—
12,000 Armour cars, of interest
The chief abuses connected with refrigerators owned
which the owners refuse to give information). Many
by the Armours and other beef-packers are too well
of these concerns are small, such as the Cedar Rapids
not include the
10,000 or
Refrigerator Express, with 113 refrigerator cars and
known
to need more than mention here.
The Armour
cars carry fruit as well as meats, and run all over the
country. One of the abuses connected with these cars
which is of long standing, but of which the public has
not known much, is the excessive rate. A number of
large roads pay for the use of these cars a cent a mile,
while the rate practically everywhere else, and for all
other refrigerator cars not owned by railroads is
still smaller, owning half a
dozen cars each. One oil-tank "line" has two cars.
There is a surprising variety, however, even when we
limit the list to concerns running a hundred or more
cars.
A score or more coal companies in Pennsyl7%
vania, West Virginia and other States have consider- mills.
One
The refrigerator-car business has become a subject
able equipments, many of them over 500 cars.
of condemnatory comment because its flagrant abuses
has about four thousand. A number of concerns
have been made public. But other kinds of cars have
technically "private" belong to the railroads or to
been used for perpetrating abuses. A certain cattlerailroad officers.
One prominent line of cars is un- car line was known to make over 50 per cent on its
derstood to be practically owned by the railroad com- investment in certain cars in a single year. Facts like
pany on whose lines the cars perform most of their this make credible the assertions that the Armour inservice.
In 1902 the railroads of the country united vestment in cars pays 50 per cent annually The line before referred to as owning 6,000 refrigerator and comin adopting a per-diem instead of the mileage basis
mon cars has long been a leech on the road with which it
for paying each other for the use of cars engaged in
is affiliated. The FnionTank Line, owned by the Standjoint traffic; and this car-line company was formed to ard Oil Company, is not much heard of, though it is an
buy the railroad company's refrigerator cars for the extensive concern and has been one of the instrumentalpurpose of avoiding some of the consequences of the ities by which the Standard has perfected its monopoly.
One is scarcely warranted, however, in declaring the
"per-diem" arrangement.
Tank Line an unqualified evil; possibly it is not an evil,
The change to per diem was necessary to secure if fairly used. For, in the first place, very large cona
accuracy in keeping the accounts, and it also intro- cern may be fully justified in providing itself with cars,
duced an important incentive to prevent delays in if it is in need of a special kind, and finds economy in so
transportation; but on cars owned by shippers and car doing; and, in the second place, the line in question, the
companies who, not running railroads, never have Union Tank Line, has made the claim, which has not
been seriously contradicted, that for three years in
to hire cars— the mileage basis was left undisturbed.
succession it received less than 6 per cent annual inter-
6 tank cars; and some are
,
.
,
—
This was largely because,
by reason
of their use in
preferred traffic, going long distances, these cars can
be made to earn more on the mileage basis than on
the per-diem. The shippers the owners of the cars
insisted on retaining their profitable arrangement, and
—
the railroads were not strong enough to carry their
point and enforce the change to "per diem."
The
est on its investment in cars, and no charge was made
The service of the cars was paid for
for depreciation.
railroads using them, presumabty at the regular
by the
rates per mile; but for some reason, perhaps irregular
traffic,
leaving some of the cars standing idle too
much
of the time, the average income per car was not excesA fact like this suggests that the "private-car
sive.
Again, a railroad on which
evil" may be not all evil.
perishable';goods is light or is spasmodic,
the traffic in
per-diem basis for interchange payments is crude at
quite likely will find the maintenance of special cars so
best, and it works many small injustices; but it is
costly and troublesome that it will be glad to hire the
tolerable in interchange, because each road, theoretneeded cars from an outside concern. A large conically at leasl
lends as many cars as it borrows, and cern, prepared to serve railroads in any part of the
in that way the overcharges balance each other.
The country, can cope with irregularities or difficulties
mileage basis is also crude and inequitable, but in the better than can a single railroad, on the same principle
,
case of the private owners the inequalities in nearly
every case are
the railroads;
all
in
favor of themselves and against
hence the present situation. The
"private owners" thus being in such a favorable situation, a railroad
company owning
a large
number
of
refrigerator cars, running in a traffic extending largely
over other companies'
would naturally desire
become a "private owner" and
lines,
nothing better than to
so continue the fat profits of the old mileage arrangement; and what could be easier than to sell the cars
to a holding company, the stock of which could be
conveniently owned at home?
Another "private" line, controlled by interests connected with the roads over which the cars run, owns
six thousand cars, many of them common box-cars,
though mostly refrigerator. There has been no pronounced complaint of exorbitant charges for refrigera-
—
tion in these cars
or in fact in any cars managed by
the railroads or by closely affiliated interests; but whenever all cars shall be made subject to the Inter-State
Commei-elaw.it is quite possible that complaints may
be heard coming from the railroads roads outside
—
that the Pullman Company manages the sleeping-car
business better than it could be done by the railroads
At best, the perishable traffic is beset with
directly.
It is said that the "Armour Lines" condifficulties.
cern has this past season paid heavy damages to the
strawberry raisers in North Carolina because it waa
unable to provide a suitable number of cars at the
right places at the right time.
That all charges for service in connection with interstate transportation should be subject to the Federal
laws in the same degree as the charge for the transportaTo supervise or regulate
tion itself, seems reasonable.
the charge it is necessary that the company, corpora*
Hon or individual making the charge be made subj<
At the same time, it
to the Federal jurisdiction.
will be seen, from the considerations which have here
been touched upon, that the cure of all inequalities
cannot be accomplished in a day. Crossly exorbitant
prices for icing or for mileage will, very likely, be modified materially by publicity alone, as is being done in
For the most efficient si
the Michigan fruit traffic.
monopolies will probably be necessary, as is the
vice,
case with sleeping-cars; but it is right that the public
insist on a decent atid reasonable monopoly.
r
:
RAILROAD
COMPANIES.
(For Miscellaneous Companies see pages 164 to
177, inclusive.)
EXPLANATORY.—This Supplement is expressly Intended for use In oonneotlon with the investment news and official reports published
from week to week in the Chronicle. Frequent reference is therefore made to the volume and page of the Chronicle (as, V. 74, p. 000)
where fuller information may be found. Following each statement also is given a reference to the latest news item in the Chronicle respecting
the company. As every suoh item contains a reference to the last preceding item, the reader can run baok over the company's history
at pleasure. Annual reports are In blaok-faoed figures, and italics Indicate a paragraph headed by the name of some other oompany.
Index.— Any oompany not In regular alphabetical order may be found by means of Index to roads leased and consolidated in this Supplement.
Dividends.— The dividends tabulated In the text are those actually paid during the calendar years named, irrespective of when earned.
Net earnings are given after deduotlng operating expenses and usually taxes, but not Interest, rentals or other fixed oharges.
Securities.— These are described in table at head of page [except the stock, for lack of spaoe, sometimes only in text below] as follows
Miles of Road.— Opposite bonds, this means the miles of road owned covered by the mortgage.
Size or Par Value.— Shows (in dollars unless otherwise marked) the denominations or par value, " 100, Ac," signifying $100 and larger.
Rate Per Cent.—The interest and dividend rate, per annum is here shown; g., gold; cur., ourrenoy; x, extra; s. stock or sortp.
When Payable.—J. A J. stands for January and July; F. & A., February and August; M. A 8., Maroh and September; A. & O., April and October,
M. AN., May and Nov.; J. & D., June and Dec; Q.—J., quarterly from Jan.; Q.— P., quarterly from Feb.; Q.-M., quarterly from Maroh.
Bonds, principal when due, etc. —This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations in table: M. for "mortgage;" gen. M. for "general mortgage;" con. M. or consol. M. for "consolidated mortgage;" ino. M.
or "income mortgage;" g. for "gold;" cor our. for "currency;" guar. p. & i. for "guaranteed principal and interest;'' cum. for
" cumulative; " non-oum. for " non-cumulative; " oonv. for "convertible Into stock at holder's option; " pref. for "preferred; " s. f. for " sinking
fund;" 1. gr. for "land grant;" r. fully "registered (no coupons);" c "coupon;" c* "ooupon but may be registered as to principal; " br. "branoh;''
end. "endorsed;" "red." redeemable; d'rn" or "drawn" subleot to call when drawn by lot; "p. m." "per mile;" as'd "assumed." "x"
Payable without deduction for any tax.
Mortgage Trustees and Stook Transfer Agents (T8 Treasurer's Office) are indicated thus
New York City—
N. Y. CITY— (Concluded—
Baltimore—
PITT8BURQ—
Louisville—
,
t
B—
Bowling Green Trust.
Ba— Banners Trust.
Ce— Central Trust.
Col— Colonial Trust.
Eq—Equitable Trust.
F— Farmers' Loan & Trust.
G— Guaranty Trust.
K.— Knickerbocker Trust.
Ma— Manhattan Trust.
Me—Mercantllo Trust.
Mo—Morton Trust.
Mb— Metropolitan Trust.
N— N. Y. Trust.
E£r~
>*—
B BaCoBa—
Standard Trust.
Ta—Trust Co. of America.
FBix—
CJn— Union Trust.
Us—
United States Trust.
8. Mort. & Trust Co.
[Tsm- U.
Boston—
AB— American Loan & Trust.
B B— Boston Safe Dep. & Tr.
IB— International Trust.
NB— New Bugland Trust.
O B- Old Colony Trust.
SB— State Trust.
Bait. Tr. & Guaranty.
Continental Trust.
Deposit.
Maryland Trust.
F L— Fidelity
Tr.
&
C PI—Colonial Trust Co.
F PI— Fidelity Title & Trust.
P PI— Pittsburg Trust.
Tr.
Safety Vlt.
L— Louisville Trust.
MBa—
UP1— Union Trust.
tie Ba— Mercantile Tr. & Dep.
Philadelphia—
S Ba— Safe Dep. & Trust Co.
St. Louis—
CHICAGOFP— Fidelity Trust.
M St— Mississippi Vallov Tr
AC— Amer. Trust & Sav. Bank. (JP— Girard Trust.
SSt— St. Louis Union Trust.
EC— Equitable Trust.
<Ju P-Guaranty Tr. & S.Dep.
IC— Illinois Trust & Sav. Bk. PI P -Provident L. & Tr
[UC— Merchants' Loan & Tr.
PeP— Penn. Co. for Insur. on
San Francisco Lives & Gr. Ann.
NO— Northern Trust.
WP-West Knd Tr. & S. Dep. CS— California Safe Deposit
BC— Royal Trust.
& Trust.
UC— Union Trust.
Miles
of
AJtr. <£ BarbeX. on Belt— lstM.,s.f.,text,g. Usm.o*Ar
Alabama Great South'n—"B" shares (English Co.)
Pref. "A" shares, (English Co.) 6%, £800,000...
IstM. (American Co.) gold, $1,750,000
F.o
General mortgage, 41,160,000
Debentures, gold (English Co.)
Par
Li
Ce.c
290
o
"A " shares, 6 p. c cumulative
A
Mer. 1st M. gold, $1,000,000. F...xo*
Ala. A Vioks. consol.lst M., ($1,800,000) g..Ce.c
2d M., originally $700,000. g
Ce.c
Alaska Ventral - 1st M., jr.. red. at 105 aft. 1908.0*
Albany <& Northern—1st M., g., ($50,000 are pref.)c
Albany <6 Susq.—Stook, dlvi'ds guar. by D. AH. (end).
Consol. M. ) (guar. p.& i. end.) ourrenoy 7s. F.c*<fcr
now IstM. 5
do
6s,interest only in gold
Albany <6 Vermont—Stock, 3 p.c guar, by rental)..
Allegheny <6 Western—Stock ($3,500,000)
1st M. $2,500,000, gold, guar., p. A 1. eud.G.o*..
Allegheny Valley— 1st M., guar. Penn. RR
c
Mort. to State Pa., $100,000 due Jan. 1, yearly..
Gen. M. ($20,000,000) g., guar. p.Al. FPixo*4r
Alleniown RR. (leased to Phlla. A Reading Ry.) ..
$1,000
1878
1888
1886
£100
£100
143
143
143
143
*35
142
142
12
61
61
259
259
260
&
RR.—
;
•«B"shares.%)
Bonds—General M.
••
£484,000, will retire 1st 6s and debentures
Latest Earnings— 2 mos. ) 1905... Gross, $5*5,780; net, $104,290
July 1 to Aug. 31
\ 1904.. .Gross,
511,259; net,
83,000
Annual Report.— Report for 1903-04 In V. 79, p. 2585. In 1904 03,
fross, $3,303,300 net, $601,325; other income, $51,226; interest, >n
onds. $286,542; income tax, etc, $31,027; balance for stock, «324,984; dividends on stook of American Co. (6 per cent), $185,437. In
1903-4, $3 099.545; net, $624,925. -(V 77, p. 2094; V. 79, p. 901,
2585, 2641; V. 80, p. 2398; V. 81, p. 1241.)
6s,
Alabama New Orleans Texas & Pacific Junction Railways Co. ( Limited.)—This is an English company controlling Alabama A Vioksburg, 143 miles Vioksburg Shreveport A Pacific, 189
;
New Orleans A North Eastern, 196 miles.
Sbcdriti es Owned.— Ala. A Vicksb. $30,000 1st mort., $387,700 2d
M., $141,100 consol. 1st M. and $581,500 stook; V. 8. A P., $1,513,000 gen. M., $2,080, 100 pf. and $2,773,500 com. stock N. O. A N. E.,
$4,933,000 gen M $1. 500,000 incomes and $5,320,000 stook; S. W.
Construction Co. 8448,700 stock; Railroad Lands Co., $108,850 (out
of $120,000; stock. Dividends on stooks owned in 1903, V. 77, p. 2279.
Ootrp.PAn)— For '93. '94. '95. '96. »98. '99. '00. '01. '02. '03. '04.
•A" Deben.. P. c.
5
5
5
° 876 x 21fl 2% 4*e
5 p. c yearly
£° -5 c
tV
"C" do ..P.c
w
1% .. 2«b 5 5
5
;
;
,
55 555
'
4g.
1.268,884
555
When Where
Payable
Whom.
&
&
London.
do
J.
in '04
A
A
6g.
6g.
pal.When Due.
Payable, and by
D. N.Y.,U.S.Mort.ATr. Co.
D.
J.
D. London,Glyn,MiUsACo,
&N
A N.
A. A O.
Yearly.
A. A 0.
A. A O.
A. A O.
A. & O.
J. A J.
J. A J.
A. A O.
A. A O.
M. A N.
J. A J.
A. & O.
A. A O.
J. A J.
M. A 8.
June 2, 1942
Dec, 1891
Ju'e 21/05,4
N. Y.,Farm.L.ATr. A Bos Jan. 1, 19C
FAA15
M.
M.
Stocks— Last
Dividend.
do
do
Lon.,Glyn,MUls,C.&Co
do
do
See text.
N. Y., Central Trust Co.
do
do
do
do
do
do
Chicago and New York.
Bait, Hambleton & Co.
A Hudson Co
N.Y.,Del.
do
do
do
do
Troy, N. Y.
N. Y., A. Iselin A Co.
do
do
Dec 1, 1927
Aug. 15, 1906
Nov.1,1910-40
Nov.1,1910-40
Nov. 1, 1940
Aug. 31/05,7
Apr. 1, 1921
Apr. 1, 1921
Apr. 1, 1921
Apr. 6, 1933
Jan. 1, 1946
July 1905, 41*
Apr. 1, 1906
Apr. 1, 1906
May
15,'05,li«
July
3, '05, 8
1, 1998
Apr. 1, 1910
Jan. 1,'06, etc.
Mch. 1, 1942
Oct.
RR. Co. ALon.
Treas., Philadelphia.
Phila., Pa., RR. Co.
inol. $1. 071,400 under Reading Co. mort, of 1896.
Phil., Pa.
A payment of 2«8 p. o. on "O" debentures was made in Feb.,
and 5 p. c eaoh in 1903 to 1905, Inclusive. V. 78, p. 227.
1902,
for eaoh of the controlled comIn year ending Deo. 31, 1904, net from investments was
£163,505; paid general expenses (£3,322), income tax (£9,953), interest on "A" debentures (£35,648), on "B" debentures 5 p. c paid in
Jan., 1905 (£49,908), on"C" debentures, 5 p.c (£38,548) balanoe,
lnoludlng £31,589 from 1903, £57,715. -(V. 80, p 1057, 1478.)
Alabama & Vieksburg Ry.—Owns Vioksburg to Meridian, Miss,
and branoh, 143 miles, all steel rails. Controlled by Alabama New
Orleans Texas A Paoiflc Junction Co., which see. Reorganization of
the Vioksburg A Meridian foreolosed Feb. 4, 1889 (see V. 48, p. 190).
Dividends.— '90 to '92, 3 p. c yrly.; '96,3; '97 to '99,5; 1900 to 1902
6 y'rly; 1903, 9 p. c; 1904, 7 p. c; 1905, 7 p. c. Stook dlv. of 50 p. o
Earnings.— See separate statement
panies.
in 1900.
Bonds.—The new seconds were income
till April 1,1894, and are a
Of the $1,800,000 consols authorized, $1,000,000 are with trustee to retire V. A M. firsts.
Earnings.— Fisoal year ends June 30. For 3 mos. ending Sept. 30,
1905, gross. $273,3 53, against $312,783 in 1904 Report for 19031904 in V. 79. p. 2584.
Interest, etc.
Gross.
Net.
Bal., sur. Dividend.
Tears—
1904-05. $1,358,043
$286,791
*$162,96l
$123,830 (7)$73,500
1903-04
*215,528
1,287,092
292,677
77,149 (7)73,500
Includes $59,963 for new freight cars in 1904-05, against $97,850
first lien
in
on the lands— 2o,868 acres.
1903-04— (V.
79, p.
2584; V.
81, p. 263.)
Alaska Central Ry.— Projected from Seward, on
the south coast
of Alaska, north to near Fairbanks, on the Tanana River, 463 miles.
Of 'his. 2 J miles from 8ew<»rd north were in operation a-d 20 miles
additional graded in May, 1905. About loo mll<-B addition »1 were to
be built in 1905. Stook authorized, pref 5 p. o non-cum. $2,500,000;
common, $27,500,000; outstanding, pref, * 1,922,050; com., *87H,200;
par of shares, $50. Bonds and stook are limited to $35,000 per mile of
main line and branches. The Central Trust Co. of Illinois (Chicago).
is mortgage trustee.
See V. 76, p. 703, 1354. In J»n , 1905, new in.
Wests aoquired control. V. 80, p 471. Pres.. A. C. Frost Chicago.'
VicePres., H. C. Osborne, Toronto; Sec, James A. Haight, Seattle'
Treas., G. L. Francis, Toronto; Gen. Mgr., W. B. Poland, Seattle.— (V*
79, p 967; V. 80, p. 471.)
Albany
Northern Ry.— See Sdpf. for Apr., 1903
Albany Susquehanna li It.— (See Map Delaware <£ Hudson. )Road.—Owns Albany, to Binghamton, N.Y.. 142 miles. Operates,
Cobleskill, N. Y., to Cherry Valley, 21 miles; stook all owned by
D. A H.; total operated, 163 miles.
Leased for 150 years from Feb., 1870, to Delaware A Hudson Company; rental is 9% per annum on stook. (See guaranty, V. 56. p. 774.)
.
&
&
Bonds.— The stockholders on April
.
*
c^n ^
5 R5 g.
5 g.
$1,050,000 7 in 1905
6 «•
1,000,000
588,800
5 g.
601,300
5 g.
875,000
5 K400,000
5 g3,500,000
9
3,000,000
7 our.
6 g.
7,000,000
600,000
3
3,000.000
6 g.
2,000.000
4 g.
9,998.000
7
400.000
5
6,950,000
4 ?•
100
1881
1,000
1889 100 Ac
1889 100 Ac.
1903
1,000
1896
1,000
100
1876
1,000
1876
1,000
100
100
1898
1,000
1869
$ A £
1869 100,000
1892
1,000
50
berton, O., and also extends to Fairlawn and Akron, O.; total, 36.1
miles. A consolidation in May, 1902; V. 74, p. 1088. Stock, $100,000,
owned equally by the Cleve. Akron
Col., Bait.
Ohio, Erie RR.
and the Vanderbilt Interests. Bonds authorized, $1,500,000; Issued.
$l,100,ono, of which $23,000 redeemed by sinking fund; $i00,000 reserved for future requirements. They may be drawn at 105 by lot
yearly Dec. 1, beginning 1903, by a sinking fund of $11,550 per annum.
V. 75, p. 440.— (V. 76, p. 434; V. 78, p. 2598.)
Alabama Great Southern
(See Map Southern Railway.)—
Owns Wauhatchie, Tenn., to Meridian, Miss., 291 miles; leases Wauhatohieto Chattanooga, 5 miles, and Belt rty. of Chattanooga, 45 miles;
trackage to Blookton. Ala., 8 miles, and Attalla t> Gadsden, Ala, 6
miles total operated, 354 miles.
Organization.—Controlled by Southern Ry., but operated independently. V. 60, p. 26; V. 61, p. 375.
Ala. Great So. Ry., Limited,
owns all of the stock and debentures of Ala. Great So. RR., and has
Issued in place thereof its own stock and debentures respectively
for a like amount. The two companies own jointly $833,300 stock
of Southwestern Construction Co. received In exohange for $833,800 Cin. N. O. A Tex. Pac stook. See V. 65, p. 1173.
Stock, Etc.— Of capital stock of English Co. the Southern Railway
Co. on July 1, 1902, owned $1,725,000 "A" shares and $4,540,050
" B" shares. V. 61, p. 26. For right to dividends see Maroh, '94. Supp.
Funded arrears of dividend (English Co.), bearing 4 p. o. interest,
$258,832; car trust notes, June 30, 1905, $1,072,000.
DIVIDEND— )'96. '97. '98. '99. '00. '01. '02. '03. 1904.
1905.
"A" shares. %\
9
10
9
June, 4
69 6689
0000000
.
$1,077,000
£1,566,000
£676,070
$1,750,000
£526,000
£134,000
$1,000
Adirondack Ry.— In 1902 merged with the Delaware & Hudson.
Akron Sc Barberton Belt RR.— Owns a belt line around Bar"
&
Rnt -, np r
£10 £2,500,000
£10 £1,500,000
1890 £50 Ac
£748,850
1890 *20 Ac £1,048,390
1890 £20 Ac
£810,652
.
"C" deb., income, subject to oall any time at 100.
Alabama <& Vicksburg—Stoek $1,050,000
Amount
Outstanding
Value.
£10
£10
"A" deben., red. aft. Nov.1,'10, at 115— See text.c
"B" debentures, income, red. after 1910 at 115.0
Vicksb'g
8ize, or
of
1902
Alabama Midland— See Atlantic Coast Line RR
Ala.N. O. Tex. d Pac.Junc.—Def erred "B" shares...
Preferred
Date
Road. Bonds
above.
,
Cli— Columbia Finance &
Subscribers will confer a favor by giving immediate notice of any error discovered in these Tables. JSrJ
Bonds— PrinoiRAILROADS.
INTEREST OR DIVIDENDS.
For explanation of column headings. Ac, see note 8
miles
&
Fidelity
4o y-ar
3ip.c bonds
7,
1905, authorized $10,000,000
to refund the $lo,000,0Jo of 6s and 7s maturing Apr. 1, 1906, which were in rune, 1905, offered at par pro rata to
he stockholders of the D. A H. The new bonds will be dated April 1,
1906, guar. p. Ai., and until April 1, 1916, convertible into D. <fe H.
stook— $oOO stock for $1,000 bonds. V. 80, p. 1174, 1362, 2343.
of
i
1
:
RAILWAY STOCKS AND BONDS.
10
RAILROADS.
For explanation
of
on
Miles
AUentovm lerm'f— 1st M., guar.p.&l.(end.)g.Ce.xo
niort.. $7,000,000, gold I»I p x.. o
3
292
Ark. V.4W.— lstM.($4.500.000),g.,red. text.SSt 0*
As niand Goal <t Iron- Stock
22
1st refunding mortgage, $400,000 gold.N
Atch. <£ Eust'n Hnaye— 1st M.g.,s.f.,red., text.Ce
Atchison Topeka A Santa Fe By.—Stock, com.. 8.289
Stock, preferred. $131,486,000, 5 p. c, non-oum..
Chic A St. Louis IstM. ($10,000 p. m.) our.F..c 142
440
Chic. Santa Fe A Cal., 1st mort., gold BB. c*<kr
ln.o*<fcr S.119
General mortgage, gold, see text
8,11^
Ad), lnc M .cum. from July 1, 1900, g., Ce.c'&r
East. Oklah. Div., 1st M. $10,000,000, g.G. c*<fcr 306
Deb., g.. Ser D toL,$2.500.0< Oea.; call 105 G cfcr
Bds $50.000.000,oonv.oo .stk.,red.txt Moo'tr
141
Hutch. A So., 1st M.,g.. red. 105 b g. 1908.OB c
.
i
,
Atlanta
<&
$1,000
$450,000
1.000
1,000
7.000.000
4,500 000
1900
1898
1,000
1,C00
372
269
Val., 1st M.,g.,oallaft.l915.Me.c
Charlotte 8tock (see text)
(old 7s ext. in 1897), see V. 64, p. 286.0*
—
60
1885
1887
1895
1895
1^03
1902
1905
1898
1896
1,000
1.000 Ac
500 &o.
500 &o.
1.000<vo
l.OOO&o
1.000J.C
1,000
1,000
100
,
.
Originally Nov. 1.
Interest on $26,112,000
has be en sta mped p ayable M.
list in full, V 70, p. 849.— (V. 71, p 501; V. 74, p. 774.)
Allegheny Valley Kail way.— Owns from Pittsburg to Oil City
to Driftwood,
Marcb
110
m
;
others,
20 miles-
1892, of the Allegheny
Valley Railroad, foreclosed per plan in V. 53, p. 324, 368, 520 V.
54, p. 409. 524. Road controlled by the Pennsylvania RR. Co. as niaiority stockholder, owning $9,604,150 of the $10,544,200 common and
511,876,654 of the $17,172,8.0 of 3 p. c. cumulative preferred stook;
authorized issues $12,000,000 and $18,000,000, respectively, In $50
1
,
;
shares. Wording of pref. certificate was in editorial of Supplement
of Oot. 30, 1897. p. 3. Leased to the Penna. RR. Aug. 1, 1900, for 20
years, rental being the net earnings. V. 70, p. 27; V. 72, p. 491.
Bonds.— General mortgage Is guaranteed by Penn. RR by endorsement on each bond, heal estate mortgages, Jan. 1, 190.'', $734,564.
V 80, p. 1477, showing gross, $M"9,r.35; net,
taxes, etc, $1,210,865; bal., def., $463,672. (V. 78, p.
Report for 1904,
?757, 193;
391; V
Int.,
8«.',r. 1362, 147 7.)
Allen town UK.— Topton to Kutztown, Pa. .4^ m.; Reading system.
A lien tow ii Terminal Railroad.—Owns 3 1* miles of railroad In
Allen to wn Pa., connecting the East Penn. (Philadelphia A Reading)
with the Central of
New Jersey. Leased for 999 years to Philadelphia A
New Jersey (by assignment from Lehigh Coal A
Beading and Central of
Navigation Co.) at Interest on bonds and 5 p. o. on $450,000 stook (par
50), bonds being guaranteed, principal and Interest, by Philadelphia A
fleading (foreclosed) and Lehigh Coal A Navigation. The Phlla A
Beading Ry. Co. in 1896 assumed the Beading's share of the old lease.
Ann Arbor HH.—tSe* Map Detroit Tot d Iroi-ton).— Owns road
from Toledo. O., to Frankfort, on Lake Michigan, 292 miles; operates
oar ferries between Frankfort, Mich., Kewaunee and Manitowoc, Wis.,
and Menominee and Manlsdque, Mich. Wabash uses Toledo terminals.
Organization.—Successor Nov. 1, 1895, to Tol. Ann Arbor A Nor.
Mich., foreclosed under Qulntard-Lawrence
plan
in V. 59, p. 782.
In
June. 19< 5, the De'ioit Toledo A Ironton BR. (which see) acquired
$3,< 01,1 Ov pref stock and $2,190,000 o« mnion stock. V. 80, p. 466.
Stock.— Common, $3,250,000; preferred, $4,000,000; 5 p. o. nonoumulative; par $100. Pref. stock cert. 8upp. Oot 30. 1897. p. 3.
Bonds cover entire property. Including terminals and freight boats.
Earnings.— For 1 mos. ending May 31:
Grogs.
nws.—
Set
oik ineomt. Okarges.
Bal.. sur.
1904-6. ... $1,7 f 9,453
$54^,497 $50,960
$305,619
$293.83*
1903-4....
1,808,341
493,538
327,133
17R,3d6
8,891
Annual Report.— Report for 1903-04 was In V. 80,p.l359, showing
Tear end June 30—
1904.
1903.
1902.
1901.
$1,S21,0J7 $2,037 214 $1,893,410 $1,754,148
•ross earnings
Operating expenses. 1.475,133
1,443,761
1,373,056
1.3<>9,1«3
Net earnings
$603,914
$593,453
$520,354
$444,9*5
Net income
$615,809
$593,453
$."20,354
$444,985
Deduct— In tort st
280,0<
275,884
280.185
281.331
Taxes
5 U ,955
51.439
52.3>2
49,733
Balance, surplus.. $17d,s53
$266,131
$l-7.«57
$113,921
President, Frank A. Durban; Sec and Treas., Q. Caspar Nlles. Di-
H
.
rectors,
May, 1905, V. 80, p. 1»70.— (V.
81, p. 973).
Annapolis Washington A Baltimore K K.— V. 75, p. 1301.
Arkanaan midland RR.—See page 178.
A rkaus* s r»I Ihsoii rl A Kansas RR.— V. 79. p. 102.
Arkansas Valley A We stern RR.—Tulsa. I. T., northwesterly to
Avard. lvf> miles, completed Mar. 1, 1904. Operated by the St. Louis &
San Francisco RR V 78, p 49. Stook $4,500,000. and bonds are all
owned by St. Louis & San Fran. Bonds are subject to oall at par and
interest on and after July 1, 1912, or at any time at par if an extension is arranged at a lower rate of interest. President, C. Q. Jones
Oklahoma City. O.T.; Sec, John B. Llnden.-(V. 78, p. 1167.)
RR.—
See Southern Ry., Carolina Dlv.
A Spartanburg
«'oal A Iron Ry.— Ashland to Straight Creek Junction,
Ky.,22m. Ches. A Ohio has trackage over this road. The mining Interests were in Jan., 1902, transferred to Ashland Iron
Mining Co., stook
being reduced irom $1,547,000 to $773,500. Bonds, see V 71, p. 27
Yeai ending June 30, 19o5, gross, $109,286; net, $37,272; interest,
and taxes, $'. f\30b
dividends (4 p. c), $30,940; balanoe, deficit,
for yewr $19,973.
Total surplus June 30, 1905, $221,328. Dlvl
dends In 1895-96. 4 p. c; in lf-96-7, 4 p. c; in 1897-8, 4 p. c; in
1898-9. 4 i>. c; In 1899-0. 4 p. c; June, 1900, to June 20, 1902, 6 p. o.
Asbevllle
Ashland
<jfc
;
1,600,000
o
1,232,200 See
1,232,200
4.090.000
2,20 ',000
75,000
350.000
1,064,000
.
-
application to
Ac— Reorganization
500,000
4,250,000
750,000
1,000
;
Bed Bank, Pa.,
"
1,000
1,000
1,000
1,000
Rentals.
To D d B
Net over taxes.
1903-04
*5,84>,569 $2,820,976 $1,025,203 $1,795,773
1902-03
2,00b,965
1,053,173
953,792
4,608,822
- (V. 74. p. 1088; V. 75. p. 342, 1147; V. 80, p. 1173, 1362.)
Albany A Vermont Hit.— Owns road from Albany to Waterford Junction, N. Y., 12 miles, Leased to Bensselaer & Saratoga in
1860 and now operated by D. A H. Canal Co. Annual rental, $20,000.
Allegheny A Western Ry.— r*'ee Map Buff Rock. <£ Pitts.)—
Punxsutawney to Butler, Pa., 60 miles; branch, Newcastle, Pa to
Cement W< rks. 6 m total. 66 mile*. An extension of Buffalo Rochester & Pittsburg, to w bicb leased in perpetuity for guaranty of bonds and
6 p. o. on stock Uses Pitts * West, from Butler to New Castle and
Pittsburg under a trackage arrangement, making In all 135 miles. See
;
g.
-
100
&
New York and
J.
Slocks— Last
Dividend.
July
Phlla.
Q.—J.
1919
1,
M.
4
-
500
Gross.
Organization.
A
pal.When Due
N.Y., Metropol. Tr. Co. July 1, 1995
J. & J. New York and 8t. Louis. Jan. 1, 1953
4 in 1904 Q.-M. Check from Co.'s office Sept. 20, '05,
1,500.000
6 our
560.000
5g.
146.634.500
g
i g
51,346,000
A
6.12* ,000
g
A g21,199,000
4
32,420,(00
g>
t g
195.000
5
6,000.000
5 g
1,700,000 7 in 1905
1,000
Annual Beport.—Earnings for years ending June 30:
Pa., 133 miles
J.
g.
4g.
4g.
300.000
575 000
1,000
1,000
)
a
773.5«
4
&
&
&
A
M. A
J. &
N.
J.
July 1, 1928
D. Checks mailed fr. N. Y. Dec. 1,1905, 2
A.
do
do
Aug. 1, '05, 2i«
S. N. Y., 5 Nassau Street, Moh. 1, 1915
J
do
do
Jan. 1, 1937
A.
O.
100 101 ,955,500 4 in 190' J.
100 114.173, 30 5 in 1905 F.
2&bH 1877
M.
IstM. [votlngpower, 10 votes for each bond] our.r 265i« 1877
....
1880
Income bonds (not cum extended in 1900
Atlan. Knoxv. & No. Ry- See Louisville A Nashv ILLE.
1903
gol<LS.C&r
Atlanta Terminal—1st M $1,500,000,
86
Atlanta <t West Point— Stock
1881
Debenture certificates
337 1904
Atlan.dk Birmmgh.— IstM., $12,000 per m OB., c
GnP.xc*
Atlantic Oily- 1st M., $2,200,000, gold
83 1889
1900
Atlantic City puroh. money real est mort.M.GP.
66 1898
Sea Coast pr or lien mortgage, gold
All.
1901
Atl. City 1st con. M., $4,500,000, g., p.& l.gu.GP
Pref.
When
Outstanding Rate per Payable Where Payable and by
Cent.
Whom.
1889
1895
1903
column headings, Ac, see notes of
Bo ad. Bonds Value.
page of tables.
boiul* -iTiiiol-
Amount
Par
first
Fr.A San Jo
INTEREST OR DIVIDENDS.
Size, or
of
Ann Arbor— 1st
8.
Date
[Vol. lxxxi.
&
J.
N Y..N.Y. Trust Co.
N. Y., Cent'l Trust Co.
& A.
& D.
A J.
A & O.
M. & 8.
A. A O.
4
7o. J. & J.
A. & O.
4
& D
4g
text
A 3
3. & 3
6
5g. J. & J
5 g. M. & N.
A. & O.
4>s
5g. A. A O.
4g- J. & J.
do
do
do
do
do
do
do
Feb..
do
F.
-
1925
1,
do
do
do
do
do
do
do
See a
M. & S.
J.
J.
May
do
Jan.
1,
1907
June
1,
1953
Oot.
July
Mar.
June
1995
1995
1928
1906 14
1. 1955
1, 1928
1. 1940
1,
1,
1,
Jan.
Oot.
N.Y.Cent.Tr.Co.,54Wall Sep. 6, '05,3«t
do
do
Jan. 1, 1907
do
do
Jan. 1, 1907
N. Y., Standard Tr.
Atlanta, Oa.
Co
see text.
do
do
Co' s option.
Old Colony Tr.Co.,Bost. Jan. 1, 1934
Phila.,Read. Ter. Bldg. May 1, 1919
do
do
Apr. 1, 1930
Philadelphia.
Apr. 1, 1948
do
July 1, 1951
N. V.70, p. 944.
yearly (lij p. c Q-M), and in June, 1902,3 p. c extra; Sept., 1902,
none; Dec, 1 p. c; since to *ept., 1905, 4 p. c yearly ((4 -M.) Directors,
Oct 1903. V. 77. p. 1532. President, Robert Peebles; See and Treas..
.
Frank B. Moore.— (V. 77, p. 1532.)
Astoria A Columbia River RR.— Ooble to Seaside, Ore., 79
miles; branch, Warrenton to New Astoria, 2 miles; trackage, Ooble to
Portland, 40 miles; total, 121 miles. Stook outstanding, $1,619,000;
?ar, $100
Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
1996, Interest F. & A., Issuable at $40,000 per mile outstanding,
$3.2S0,000. Central Trust Co. Trustee. In 1903 interest on bonds
was paid; previous interest reported to be unpaid. Year ending J une
30, 1904 gross. $476,1*1; net, * 179,462; other lnc, $3,427; charges,
$151.9 1; bal .sur., $30,938. Pres., A. B. Hammond, Astoria, Ore.—
(V. 77. p. 2158.)
Atchison
Eastern Bridge.—Owns railroad and wagon bridge
at Atchison. Kan., connecting with the union station. Used by the
Atch. Top A Santa Fe, the Chic B. I & P., the Mo. Pac and the Ohio.
Burl. A Qiiin. A reorganization of the Chic A Atch. Bridge Co. foreclosed Mar. 4, 1898, per. plan V. 65, p. 366. Stock, $700,000; par,
$100 per share. A sinking fund equal to the difference between the
annual Interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and interest (by lot if not purchasable in the open
market)
Year ending June 30, 1904, gross, $116,477; n»t. +90 869
other inc. ,$2, 743; int. and sink, fund, $30,255; dlv.. $14,00 ;bal. sur.
$49 3 7. Pres. and Treas.. H. P. Eells. Cleveland,
(V67, p. 578.)
(The) Atchison Topeka
Nanta Fe K11II way.— (See Map)—
The system operated July, 1905, comprised 8,318 06 miles of
railroad, and embraced an unbroken line of track from Chloago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ooean;
also to Oal veston. Tex., and the Ouff of Mexico.
For operating and statistical purposes the system is divided as follows:
;
,
,
A
O—
A
Miles.
Miles.
6.839-P8 Rio Grande & El Paso....
Atchison T. & S. F
20 17
Gulf Colo. AS. F
1.328-74 South. Kans. Ry. of Tex.. 129-17
Total of all
8,318 06
Also owns stook of the Santa Fe p res. A Phoenix and controls the
Pecos Val A Northeastern, 672 miles in all. V. 75, p 080. In 1900, acquired control of Gulf Beaumout A Kansas City and Gulf Beaumont A
Great Northern, which are leased. V. 76. p. 751; V 77, p 1224; also
all the stock of Arizona A Uiah. 22 miles.
V. 81, p. 987. Leases Cane
Belt RR..104 miles (entire stock owned), for 5o years irom July, 19o5.
Organization.—This company was organized on Dec. 12, 1895*
under the general laws of Kansas, by the purchasers at foreclosure
sale of the property and franchises of the Atchison T. A Santa Fe RR.
Co. In accordance with a reorganization plan. V. 60, p. 658.
The railway company in July, 1905, owned in fee 8,275 miles of the
system, and also all, or nearly all, the bonds and stocks of the
various companies in which the title to the other lines is vested. V.
68, p. 974. A list of suoh holdings is In the general mortgage (In V 62, p.
732, 733, and successive annual reports). See V. 69, p 13o0; V.71, p. 27.
In Mar., 1903, the Eel River A Eureka, in Northern California,
togetl er with the California A Northern, 51 miles, was acquired In
the Interest of the company. V. 76, p ti53. The stockholders voted on
Deo. 11. 1902, to purchase the Santa Fe Pacific RR.,eto V. 75, p. 980.
San Francisco A San Joaquin Valley Ry. was merged in June. 1901.
Cut oil from Belen, N. M., to T< xlco, shortening the main line about
700 miles, will be completed during fiscal year 1905 6. Koad is projected Mom Wickenburg, Ariz., west to Bengal, of which 40 miles
completed June 30, 1905, Proposed out-off from Brown wood, Tex.,
to Texloo. 350 miles, with branch 12i miles. V. 81, »•• 1099; V. 75. p.
2 8, 980; V. 81. p. 987, 1099.
In Nov., 1903, the San Francisco & Northwestern Ry., building
from Alton, Humboldt County, Cal., southerly to a connection with
the Atchison near Point Richmond, on San Franolsoo Bay, over 200
miles, was purchased. Phoenix A Eastern, see V. 77, p. 638, 1294,2279.
In Oct., l'.ti r>, the Southern Callfon la Ry. and the Jasper A Eastern,
the latter exten ling from Kirby vUle. Texas, to Louisiana timber district, of which 17 miles completed and 60 under construction, were
purchased; also Oakdale Wei-tern Ry.. 7 miles, leased. V. 81, p 899.
In «ept.. 1904, Union Pacific Interests, it was reported, acquired
$ 5,000,000 of the stock to ensure harmonious relations between the
properties. V. 79. p. 1331, 1954, 2146; V. 80, p. 649.
Stock.— The preferred stook has preference as to assets and noncumulative dividends not exceeding 5 p. 0. per aim., as declared by the
board of directors out of net profits. No other mortgage and no
Increase in the preferred stock can be made without the oonsent of a
majority of all the preferred stook and of all common stook represented at a meeting. The total authorized amount of preferred stock la
0131,486,000, of which $10,800,000 is reserved to acquire other
lines; also $6,486,470 In special trust for improvements, extensions, etc Pref. stook certificates in Supplement of April. 1897, page
Common stook authorized, $152,000,000. V. 79, p. 2695.
3.
,
Dividends
1901. 1902 to 1904.
1905.
3 * 4 yearly (J&D)
4
2>4
4
5
5 yearly (FaA)
)
5
Bonds.— The Gen. Mort. (Abstract V. 62, p. 731-739. see also V. 68,
p. 974) Is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 8,119 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions.
On common
On preferred
(p.
0.)-
)
£
1899.
1900.
1
H
m
>
Oct., 1905.1
z
RAILWAY STOCKS AND BONDS.
11
-
.
RAILWAY STOCKS AND BONDS.
12
[Vol. lxxxi.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When
Par
of
For explanation of column headings, etc., see notes of
Outstanding,"^^' Payable Where Payable, and by
on first page of tables.
Whom.
Road Bonds Value.
Atlantic floastlAne Oo.( Conn.)—Stock, $30,000,000
Ctfs. of lndebt., Inc., non-oum., $6,000,000.r.SBa.
do
do
do
red. atl05aft'i'20yrs.SBa
do
do
do
red at par after 5 years ..
At Ian. Coast Line Kit.—Stk., common (text)
Class "A" com. stk. tax exempt (Rich. & Pet. ctfs.)
Preferred stock, 5 percent
let oonsoL
o*&r 3,973
$80,000,000, g., text U»
Col.tr. M., gold, sec. by L. AN. stock.red.l05o*<&r
89
1st M. on Jaok. & Soutkw., $2,000,000, g.SBa.c*
.
M
.
,
Certificates of indebtedness (new) $25,000,000.
do
do
(old)
Bonds Underlying 1st Consol
.
NoT.&Car.,lstM.,g.(P.Pt.,Va.toTar.,N.C.).Ce.co*
2d mortgage, gold.SBa
8av.Fl.<feW.lstM.,g.($2,444,C00are5B)Mpc*<!tr
Charleston & Savannah, gen. mort.. gold.SBa. c*
Bruns.&W.lstM.Bruns.to Albany, g.,gu.;?Ip .c.
Ala. Mid., 1st M., g.(Bainb. to Montgom.) Ulp.xc
o*
Florida South'n. 1st mort $5,000,000, g.A
Sanford
St. Petersburg, let mort., gold.PeP.
Ashley River 1st
B
,
M
General mortgage 4s (limited to $165,490,500).
retire guarantee fund notes paid and car trusts at
a To
not exceeding $1,260 for each $1,000 of old bonds.
6 Non-assenting bonds from reorganization of 18&9
t
Chicago
m
102
239
696
68
68
22
27
479
90
110
110
548
111
169
174
244
146
1883
1,000
1880
1,000
1898
1,000
1881
1,000
1881
1,000
1875 500 <feo.
1890
1,000
1885
1,000
1897
1,000
1889
1,000
1896
1,000
1884
1,000
1886
1,000
1888 500 <feo.
1888
1,000
1895
1,000
1894
1,000
$16,500,000
1,600,000
1,500,000
$2,880,383
604,D60
1,600,000
6,616,101
20,000,000
6,731,554
For acquisition of Atlantic & Pacific and other lines
The Adjustment Mortgage (Abstract V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
interest
for the fiscal year up to 4 per cent in each year
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue Is limited to $51,728,000, but when the $30,000,000 general 4s authorized for improvements as above have been issued (I. e.,
not before June 30, 1905), $20,000,000 additional adjustment 4s may
De issued for the same purposes at not exceeding $2,000,000 in any one
year, but only by a majority vote of the adjustment bondholders. Interest—In Nov., 1897, paid 3 p. c; since, full 4 p. c. yearly.
The Eastern Oklahama division 4s of 1903 ($10,000,000 authorized)
will be issued for extensions; the present issue of $6,128,000 is
secured on lines completed in 1904. viz.: Paul's Valley to Newklrk,
Ind. Ter.. etc., a total of 306 miles. V. 76, t>. 434; V. 79, p. 1 331.
The $30,000,000 debenture 4» of 1902 were issued to pay for new
equipment, new mileage, permanent improvements, etc; $2,500,000
paid off yearly. No new mortgage on lines owned when the debentures
were issued can be made without seouring debentures thereunder. See
statement, V. 74, p. 150, 204; also V. 75, p. 680. The debentures maturing, having been paid from cash in the treasury, are not included in
the Income account. V. 77, p. 2338. Of the series maturing Feb.,
had been purchased aiid canceled June 30. 1905.
1906. $1,301,0'
As to convertible bonds of 1: 05 see General Finance below.
8an Francisco <6 San Joaquin bonds may be drawn at 110 atter 1915.
Finances.— Capital expenditures from organ'n to June 30, 1905, V.
73, p. 1311; V. 17, v. 632; V. 79, p 1340-1; v. 81. p. 985. Bonds per
mile July 1, 1905, $32,697 interest charge, $1,301. V. 81, p. 985.
The stockholders on Jan. 24, 1905, authorized an issue of $50,000,000 bonds, convertible at the option of the holder into common stock,
and subject to call for redemption at such times and prices as the
company may ilx. Stockholders in Apr., 19C5. subscribed at par to
$32,420,000 bonds, payable 25 p. c. Apr. 8, 37»» p. c. July 5 and 3?^
p. 0. Sept. 30, 15*05, the proceeds to be used to complete lines under
construction, build additional branches, feeders and second tracks,
reduoe grades on main line, purchase additional equipment, and provide a lund for other capital requirements. The first issue of convertible bonds is convertible at par between June 1, 1906, and June 1,
1918, and may be called at 110 on any Interest day, but when called
may be converted into stock provided the time for conversion has ntt
expired. No new mortgage on lines owned Jan. 1, 190% shall be
made without securing the convertible bonis thereunder. V. 79, p.
2695; V. 80, p. 471, 649; V. 81, p. 1174.
Latest Earnings.— 2 ) 1905. ...Gross, $11,651,945; net, $4,003,720
mos.,JulyltoAug.31. S 1904. ...Gross, 10,187,170; net, 3,270,739
Deducting taxes and rentals, balance for Interest in 2 months of
1905 was $3,633,129, against $2,884,169. Road operated 8,423
average miles in 1905, against 8,299 miles in 1904.
Report.—Annual meeting third Thursday in October. Report for
year 1904-05 was given in V. 81, p. 970, 985; see also pa^e 944.
Tears end. June 30—
1905.
1904.
1903
1902
Aver, miles operated
8,305
8,180
7.965
7,855
Freight earnings
.$47,408,982 $47,762,653 $44,622,439 $41,815,607
Passenger
16,045,380 15,433.774 13,469.986 13.439.385
Mall, express, Ac.
4,921,475
4,974,773
4,257,973
3,880.094
;
;
.
Total earnings $68,375,837 $68,171,200 $62,350,398 $59,135,086
Operating expenses 45,517,384 42,222,032 38.437,110 33,909.268
Net earnings.... $22,858,4* 3 $25,9*9,168 $23,913,288 $25,225,818
Total net income... $23,672, 355 $27,197,942 $25,231,281 $>S6, 366,676
Rent of tracks. &o.
293,553
386,464
361 204
368,327
Taxes
1,926,696
1,916,137
1,758,120
1,743.(53
Interest on bonds
9,611,510
9,418.800
9,134,485
8,438,f85
6.708,690
Divs onpief.. 5 p c 5,708.690
5,705,690
5,708 690
4,078,220
4,07>-,2.0
Divs. on com., 4 pc.
4,0 8,220
4,078,220
98,250
116.800
Miscellaneous
79.140
251,183
$1,955,436 $5,572,831 $4,111,422 $5,777,'~78
Officers.— Chairman of Executive Committee, Victor Morawetz; E.
P. Ripley, President; D. L. Gallup, Comp.; H. W. Gardiner, Asst. Treas.
Directors.— Charles Steele, Edward J. Berwind, Geo. G. Haven, H. II.
Rogers. H. Rieman Duval. 'Thomas P. Fowler, Victor Morawetz, New
York; John G. Mct'ulloagh, Vermont; B. P. Cheney, Boston; Edward P. Ripley,
Byron L. -mlth, Chicago; Andrew C. Jobes, Wichita; Howel Jones, Charles
8.
..
Gleed, Topeka: H. C. Frlck, Pittsburgh.
Office.— 5 Nassau St., N. Y.— (V. 81, p. 1099, 1174.)
A
Charlotte Air Line By.— (See Map Southern RailAtlanta
v>ay System.)— Owns Charlotte. N. C, to Atlanta, Ga., 269 miles.
The operating contract of 1881 accepted by the Southern Ry. reaires the payment of Interest on At.
O. debt and 5 p. 0. on stook;
gross earnings exceed $1,500,000, dividends to be 6 per cent; and
if they exceed $2,500,000, 7 per oent.
S
&
657,000
J.
J.
J.
J.
M.
M.
M.
1881
N.
<fe
5g.
>
J.
J.
J,
J.
M.
J.
6,500,000 5g.&6g.
1,500,000
1,407,000
4 g.
2,800,000
5 g.
2,418,000
4g.
275,000
33,500
Dividends,
&
&
&
&
&
D.
J.
8*
400,000
&
& S.
& N.
& D,
•
e
For improy'ts, terminals, second track, equip't, etc.,
at not exceeding $3,000,C 00 yearly, of which not over
Balance, surp
Q.-M.
J.
1,600,000
5,547,000
4 g.
868,000
5 g.
800,000
340,500
6 &7
300,000
4*9 g.
4,000.000 4g.&5g.
106,000
4g.
1,320,000
5 g.
^^8W?^ .& l»o£
30,000,000
. .
& St. Louis 1st mortgage 6s.
$760,000 for extensions
$10,500,000 Soe text.
5,000,000
5 cur.
5,000,000
4
3,0( 0,000
4
42.9S0.000 See text.
1,000,000 See text.
1,596,600 5 in 1904
43,141,000
4g.
35,000.000
4 g.
698,000
4 g.
21,566,600
4
4
1,100
4s.
No. East (8.C.). cons. M., g., Flor. to Charlest'n.c
Wllm. Col. & Aug., 1st M., (Wilm. to Columbia).
At.C.L.of S.C.,gen.lstM.(l8ton355m.)g.SBa.o*
Petersburg M., class A, gold
Do
class B. g., (Petersb. to Weldon)
Richm d & Petersb., 1st mort. ($24,500 are 7s)
o*
Con. M., g. (Rich, to Pet., etc.).Ce
Wilm. & Wel.gen.M. ($938,000 are4s).SBa.g..*e
Wil. & New Bern, 1st M., gold, assumed. SBa.
&
$100
1897 100 &c.
1900 100 &o.
1905 100 Ac.
100
100
100
1902 1.000&C
1902 l,000<feo
1904
1,000
1902 100 &c.
1900 100 &o
&
&
&
N
J
Baltimore.
In 1904 paid 5 p. o.
In 1905 paid 4 p. o.
In 1905 paid 4 p. o.
Treas. Of., Wilm., N. C.
do
do
do
do
N. Y., U. S. Trust Co.
N.Y., J. P. Morgan &Co.
Bait., S. Dep. & Tr. Co.
Treas. off., Wilm., N. C.
do
do
J. N. Y., Ccyler M. & Co.
D. N.Y.,lstNat.Bk.& Bait.
J. Bait.. Safe D. & Tr. Co.
&
& J.
& O
& N.
& O.
& J.
& A
& O.
& J.
& O.
& J.
& J.
& N.
& J.
& J
& J
Richmond, Office.
do
do
do
do
N. Y.,
Brown
Bros.
Bonds— Principal, When
Due.
Stocks— Last
Dividend.
Sept. 9,'05,'2i«
Irredeemable.
July 1, '05, 2%
Jan. 1, 1925
July 10,'05,2i«
Julyl0,'05,2»«
Mayl0.'05,2i«
July 1, 1952
Oot.
1,
Jan.
July
July
1,
1,
1,
1,
Oct.
1,
June
May
Apr.
July
Aug.
Apr.
July
Apr.
N.Y.lst Nat.Bk.A Bait.
Rait., S. Dep. & Tr. Co.
N. Y.. Central Trust Co.
Bait. Safe Dep. &Tr. Co.
N. Y., D. 8. Trust Co.
do
do
Jan.
do
do
Jan.
N. Y., Metropol. Tr. Co. Nov.
do
do
Jan.
do
do
Jan.
to'89. 1890.
1952
Dec. 1, 1954
Irredeemable.
Irredeemable.
Jan.
1891 to Mar., 1901,inol.
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1933
1910
1948
1926
1926
1915
1940
1935
1947
1939
1946
1934
1936
1938
1928
1945
1924
1915
Since,
Percent— 5 5 yearly.
6 yearly (M. & 8.) 7 yrly. (M.&8.)
5^
Latest Earnings.— 5 mos. ) 1905... Gross, $1,590,715; net, $354,583
Mar. 1 to July 31.
1,466,799; net, 391,174
S 1904... Gross,
year ending Feb. 28, 1905, gross. $3,593,776,
agst. $3,435,902 in 1903-4. Pres., C. 8. Fairchild, N. Y.— (V. 73, p. 553).
Atlanta Knoxvllle A Northern By.— See Louisville & Nash.
Atlanta Terminal Co.— Owns union passenger station opened
May 14, 1905, with approaches, used by Southern Ry., Central of
Georgia Ry. and Atlanta & West Point RR. Stock, $75,000, owned in
equal proportions by the three companies named, which pay all
charges and expenses on car basis. V. 76, p. 593, 1394; V. 77, p. 699.
Earnings.— For
Atlanta
Atlantic
A West Point BB.—Seepage 178.
A Birmingham By.— Waycross, Ga.,
via Fitzgerald
ana Cordele, to Montezuma, 140 miles; Fitzgerald via Tlfton and
Moultrie to Thomasville, 80 miles; Brunswick to Nioholls, 84 miles,
with branch. 4 miles; Bushnell Station via Irwlnville, to the Alla-
paba River, 33 milef total, 341 miles. History, V. 80, p. 115. Brunswick & Birmingham RR., completed from Brunswick, Ga., to Irwin;
ville, 162 miles, including 28 miles of trackage, purchased at foreclosure <-n Aug. 9, 1904. "V. 78, p. 1391,1548; V. 79, p. 151, 680.
In Mar., 1905, it was proposed to build an extension from Montezuma, Ga., to Birmingham, Ala., 241 miles, with branch to Atlauta,
under the charter of the Atlanta Birmingham
Atlantio Ry. In May.
1905, contract was let from Montezuma west to La Grange, Ga., 96
miles, and in Oct., 1905, to Talladega, A'a. V. 80, p. 1173.
Stock and Bonds.—Stock authorized, $15,000 common and $6,000
preferred stook per mile; outstanding, $4,923,800 common and $1,969.900 preferred. Over three-fourths of stock is deposited in voting
tiint expiring 19) 0, or sooner at option of trustee. The 1st 5s of 1904
are issuable at $12,000 per mile owned, constructed or aoquired. The>y
are subject to call at 1 10 after Jan. 1 1909. See V. 77. p. 2279; V. 80,
Equipment obligations June 30, 1905, +460,286.
p. 710.
Grosp, $181,060; net, $62,446
Latest Earns.— 2 mos.,)1905
Gross, 156,191; net, 49,002
July 1 to Aug. 31
S 1904
Surplus over oharges, $29,648, against $19,870 in 1904.
Report for year ending June 30, 1904, in V. 80, p. 115. In 1904 5
on 337 miles, gross, $1,001,512; net, $321 ,084; other Income, $5,949;
bal., sur., $80,592.
Prest., H. M. Atint. and discount, $246,441;
kinson, Atlanta, Ga.: Auditor, W. J.Swain, Waycross, Ga.
Ulrectors— W. G. Raoul, 11. M. Atkinson, P. S. Aikngbt, Morris Brandon *nd
T. K.Glenn, Atlanta; tieo. Dole Waflley, Waycross; Gordon Abbott, Boston;
Frederick L. Eldrldee.Percv K. I'yne, New York
(V. 80, p. 1 1 5, 710, 1173, 1362; V. 81, p. 840, 1099.)
Camden to Atlantio City,57m. (double traok);
Atlantic City
branches, Winslow Junction, to Cape May. N. J*., 54 m.; Williamstown, 23 m.; Gloucester, 12 m,; Sea Isle City, 12m.; Ocean City, 10 m.;
total, 168 miles. V. 72, p. 1278. STOCK, com., $2,625,000; pref., $1,000,000 (par, $50). Reading Co. owns most of stook, and guarantees
consol. 4s, principal and interest. Form of guaranty, V. 75, p. 1398.
Of the latter, $2,650,000 are reserved to retire prior lien bonds and
$786,000 for improvements. See V. 73, p. 81. There are also outstanding $23,500 Beacoast RR. ser. A 5s and $2,834 ser. B 5s. For year
1904 5, gross. $1,451,930; net, $214,177; fixed oharges, including $58,570, extraord'y exp., $265,256; bal., def., $51,080.— (V. 75,p. 1398.)
Atlantic CoaMt Line <<>.— (See Map.)— Organized May 29,
1889, under the laws of Connecticut, and owns a majority of capital
stock and a large amount of the bonds in a system of railroad companies described under the title of the Atlantio Coast Line RR. below.
Stock.— As to certificates of Indebtedness, see editorial, Oct., 1897
Sup., page 3. V. 65, p. 564; V. 71, p. 1310. In 1898 $5,000 000 stock
was distributed as a 100-per-oent dividend (V. 67, p. 954), and in
1900 $10,000,000 4% certificates of indebtedness (including $2,500,000 of Atlantio Coast Line KM. Co.) also as a 100 -p c. dividend.
V.71, p. 697; V. 73, p. 493. As to securities pledged to secure equally
tbecertifioates of indebtedness, see V. 71, p. 1310; V. 80, p. 598.
1905.
Cash Divs. J 1896. *97. '98. '99. *00. '01. '02. '03. '04.
4 4»s
Percent^-?
3
5 4^ 6^2 8 8
See below.
3»a
In 1905, Mar., 2 p. c; June, 2 p. c; Sept., 2*9 p. 0.
Full Interest has been paid on the certificates of indebtedness to
July, 1905. Balance sheet Jan. 20 1905, V. 80, p. 598. Chairman of
Board, Henry Walters; President, Warren G. Elliott.— (V. 81, p. 725.)
(See JH ap.)— Operates from RichAtlantic Coast Line
mond and Norfolk, Va., on the north, to Fort Myers, Port Tampa and
River Junction, Fla., on the south, and Montgomery, Ala., and Angusta, Ga., on the west, reaching the ports of Norfolk, Va.; Wilmington, N. 0., Charleston, 8. C; Savannah and Brunswiok, Ga., and Jacksonville and Port Tampa, Fla.
Organization— .Originally the AtlantloCoast Line of Va. (ohange of
name being authorized April 23, 1900); April 18, 1900, absorbed by
consolidation (per plan V. 70, p. 840, 893) the following allied properties: Wilmington & Weldon RR., South Eastern RR., Atlantio Coast
Line railroads of South Carolina and Virginia Norfolk A Carolina RR.
The Florida Southern and Sanford & Ht. Petersburg were merged In Apr.,
1903, the $4,241 ,000 Fla. 80. 4s and $775,000 Sanford & St. Petersburg 4s being offered the privilege of exobange for 90 p. o. in Atlantic
Coast Line consol. 4s. V. 76, p. 918, 971. The Atlantio Coast Line Co.
(of Conn.) owns a majority of the stook. See that company above.
V. 70, p. 893; V. 71, p. 1116, 1310; V. 80, p. 598.
&
,
—
BB.—
BB.—
I
A
1
RAILWAY STOCKS AND BONDS.
Oct., 1905. J
13
rilk^t'iarreJ
EJ/N
S Y
N
Johnstown
V A
V.
ft
/
PA.
V
c>
l\T
\^=~^-^^N E,W I
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^r.c k»bu.-i|g\
^yCHES.
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/
fl-^olu:
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—
nson Cjty
\
/"& ^^7—Tjj>'c«-porj»
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tilSnbia \
XT^
Tracy City//
TullWhoma't
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>'
A \ /" / 7f Cleveland ,—//
^
\
o / Chattanooga^6-<—?
/ >J Murphy
//\\
St^vensoi
BhSflidJe
/
_^
ton Tallulah Falls
GuutersvilleY
Aom&i \KingsW
lsouyA nn i s ton
ylaciuga
I
1
t>
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u
oanoke o
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1
i
,-^
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Y>
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r
PARMELE
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e
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't^JlS^^orkyilieVV^
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it\
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rv^flk
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f
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t *an CEsT^a'
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r "\
#Mt.Ho
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iltedgeville
^t
<? V\S9lumbn5 ^^f?
'0\A/^^^' Girard,
^<5)£NTGO
%
*'/
Ji^*
,,^-^A Shelby\ U-fiSL
s >'«,,_.'"\-— -Vm_
/^s
Fort Valle^
o.
lsj.-3"\
0PLYMOUXI'
Ruthc>t^rdtonk^ii^i£W r]
"
6\WEST POINT>
Selmai
\
\.
f^bor
>T H <>pi?&Il
°N
Brevard
*->
"'^
Statesvillji
St'atesvil'/
°c\
RVA
'
,
(Calcra o
Mocksville
rT;
X*»/ eens D oro
^\
«
'
^^n'orFOLK
\By'
v/
SOU,
rT~
\ _,• Wilkesboro"
^OrSubmy
Winston-Saleni
F
Creek#^\s><^
(
-
W
^KT
IT
If
rl
1
11
11
|rf^,gJ|£°UN.GS ISLAND
'^XpublinX^
ATneri
3-/
jJ"i
Coi
^Troy
"C
^/^k/ ABBEVILLE
Jiark^SL
el/ba
ra
(
albai*
4
1
«'/.
,
&
Andalusia-?
^_^
s tttW 3
°V cTVVk
i<\%
N
*B
*,
{BRUNSWICK
Wf6lkston
ifllFernanclina
^y-kvL^A^T^'^^O^a'asper)
r-
iV
.
=f«f
TaUa1( a8 S
St.Marksl
ee^>~STli\A <|'
,
O ^ £^*k|ng«alu-v,u
|
l/atSksonville
Sua
\
(rjche
Cedar
G
V
Keysf^'
MAP OF THE
"
>AtATKA
ATLANTIC COAST LINE
1
'
„a!ytona
1<-Jd&^
L
ThonofiEr
Tampa
P(gj$jf>?
I^^V^
f\
>
%,,
\
Edeu
•Os<len
A.
.;.;
h™
Ml
Palm Beaclv
—
j
RAILWAY STOCKS AND BONDS.
14
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
&o., see notes
Date
Size, or
Amount
Par Outstanding
of
of
Road. Bonds Value.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—LABt
Payable
Cent.
Whom.
Dividend.
Atlantic Coast Line RR.— {Concluded)
64 1888 $1,000
$492,000
811. Bp. O.AG.lst M.,g.(Ocalato Inv.Abr.)Ta.c
A
....
100
1,400
Wu. Wei. otfs. of lnd. for div. 1 8 87,non-oum. ,ino
A
I'1,000
3,925,000
AU.& Danv.— let M.,$4.,425,000,g.,lnt.rental.Me.c' 275 1900
A
1,000
275 1904
77\000
2d M., $1,525,000, g., Int. rental. .Ta
100
1,797,200 See text.
Atlantic <t No. Carolina— Stock, $1,800,000
95 1887
1,000
325,000
6
1st mortgage, $325,000..
£A$10O 5.484.0OO
165
6
A
Atlantic A St. iawrrene*—Stock, 6* rental Grand Trt
1903 lOOO&c.
100,000
5 g.
Atlantic A Western— 1st
$3,000,000, g.IB
53
*>>
$100
1,022,900
5
Augusta A Savannah—Stock 5* rental Central Ga.
Oe.xe
1.000
85 1894
5
n400,000
A
Augusta So.— 1st consol. M., gold
gold. SB
1903 l.OOOAc
•••
225.000
4 g.
A
Augusta Union Station— 1st M., $250,000,
3i£
100
225,000
RR.—stock (see text),
Oeneseo A Mt. Morris
50
1,535.000
10
Bald Eagle Valley—Stock, $2,600,000
1,000
94 1880
300,000
6 our
1st M. orlg. $400,000 (s. f drawn at 100) . . FPxr
100
••
358.000 8 In 1905
A
Baltimore A A nnap. S.L. -Stock, common
1,000
88 1894
1,250,000
A
5 g.
Baltimore Chesapeake <t Atlan.— 1st mort., g.M p.c*
500
3 1879
48,500
6
Bali. A Cumb Vol. iJy.— 1st mort., interest rental.
72,800
5 1879 100 Ac.
6
Bolt. A Cumb. Vol. RR.— let mort.. Interest rental
390.K00
50
.
5
B. A 0. V.RR.Exten.Stk, gn. ($270,000 carries 7 p.c.)
1,000
27 1881
230,000
6
A
1st mortgage, interest rental. Ba
Ba.c"
32 1886
1,000
68 0,000
A
Baltimore A Harrisburg RR.—ltL., gold.
g
f g.
15 1888
1,000
240,000
5
A
1st M. West. Ext. ($16,000 p.m.), g.,gu.Me Ba.o*
100 124,531.000 See text.
• ••
Baltimore A Ohio—Common stock, $125,000,000
A
100 59.982,751 4 In 1904
4 p. c, non-cam, auth. $60,000,000..
Pref. stock,
A
1898 500 Ac. 74,000.000
3iflg.
lien mort., gold, not eubl. to call. Me. .e*<tr 1,076
Prior
1T
mort., gold, red., at 105 after 1923. r a. o*<fcr 1657 1898 500 Ac. 71.000,000
1st
South vest'n Div. 1st M., $45,000,000, g.F..o*4r 930 1899 500 Ac. 45,000,000
384 1898 500 Ac. a 6,175.480
Pitts. Jo. A Mld.Dlv. ($20,000,000) 1st M.g.Ce.c*<fcr
3 1* g.
1,000 31,347.000
W. V.Sys. ref.,g.,red.lOO aft'25 Un.c'ir 1,642 1901
P. L. E.
l g
1901
582.O00
1,000
Conv. deben., $15,000,000, gold, red., see text...
A
* 84i«g
1904 1,000, Ac
8,915,000
ColL trust notes, gold.U*m
1
Bonds Underlying 1st mort. 3 * per cent.
116,000
377 1853 500 Ac.
A
Loan, 1853, extended in 1885, gold
g<
* e.
64.OO0
1868
1.000
Pitt.ACon..lstM.,ext. In 1896 in gold
....
4
* Coup., M.-N.; reg., Q.-F.
eg.,
J.
6 Coup., A.-0.; reg., Q.-J.
% Coup., J.-J.; re,
a In addition $7 ,635.050 are pledged as part collateral for the Pitteb. L. E A W. va. System 4s.
A
ll
MeBa
M
,
Awn
.
. ,
A7
Me
'
B
A
'
,
,
Q—
!
>
Line Interests. V. 79, p. 2084.
In Oct., 1902, acquired S30.600.000 of the $60,000,000 Louisville A
Nashville RR. stock for $10,000,000 cash, $35,000,000 in 4% oollat.
V. 75, p. 733, 792, 805; V. 79, p. 785,
tr. bonds and $5,000,000 stock.
Lines owned— (Con.
Lines owned and trackage. Miles.
Paola Jet near Sanford to St.
Richmond, Va., to Port Tampa,
9C6
Petersburg, Fla.
145
Fla
Palatka, Fla., to Brooksville 145
Norfolk. Va., to South Rocky
lldale, Fla. to An derson
115
89
Mount
105 Branches, eto
1,409
Contentnea to Wilmington
Wilmington, N. C, to Pee Dee
f See these companies.
Leased
Miles.
97
Junction
Augusta,Ga.l66 Central RR. of 8. CarolinaFlorence, S. 0., to
Columbia
Lane to Sumter, S.
43
40
Sumter to
Other lines
40
Yadkin Jot. (Wilmlngton.N.C.,)
116
toSanford
Total In earnings
4,322
Waycross, Ga. to Folkston, Ga. 34
Closely allitd lines.
Jesup, Ga.,to Montgomery, Ala354
6,356
Brmnswlck, Ga., to Albany ...169 H Louisville A NHShvllle
340
Dnpont Jet. to Fort Myers, Fla 349 it Charleston A West.Oaro
71
U Northwesfn RR. of S. Car.
Also owns one-sixth interest in the Riohmond- Washington Co. and
one-half Interest in Atlanta (Ga.) Belt Line Co., 5 1* miles. Leases,
Jointly with the Louisville A Nashville RR.. the Georgia RR., which
operates and controls 614 miles.
Stock.— At. Coast Line of Va. class A (Rich A Pet. ctfs.) tax-exempt
—
M
.
,
I
—
stock was assumed as so muoh of the common stook of new company
In Nov., 1902, the authorized common stock was increased by $15,000,000; of the new stook $5,000,000 was given in part payment of
Nashville stook, $8,500,000
controlling Interest in the Louisville
additional being subscribed for as part of the same transaction at
$125 per share. In Nov., 1904. the authorized capital sto> k was increased to $50,000,000; of the new stook, $7,330 000 being issued as a
20 p. c. scrip dividend, raising the total amount outstanding to $43,980 000. V. 79, p. 2204; V. 75. p 1252.
The preferred stock ($18,850,000) was In 1902 mostly exchanged for
125 per oent In 4 per cent certificates of indebtedness. V. 75, p. 1252.
Dividends (p. o.i—
1905
) 1900. 1901. 1902. 1903. If 04.
2»»
3>«
Common (inol. cluss "A")... >
5
5
'o
5
5
5
May,2»«
Preferred (MAN.)
) 2»«
5
•Also 20 p. c. in common stock scrip and 5 p 0. in Atlantio Coast
Line Co. 4 p. o. certs, of indebtedness. V. 79, p. 2.04.
On certificates of indebtedness In full to July, 1905, inol.
Bonds.— First consol.4s of 1902 ($80,000,000 authorized, limited to
$20,000 per mile) are a first lien on about 957 miles of road and a
blanket lien on the remaining 2,928 miles owned, subject to the underlying bonds. The first consols are issued or reserved as follows:
Issued for refunding, eto. V. 75, p. 76; V. 77, p. 1872; V. 78.
$43,141,000
p. 819; V.81.p. 263
28,674,!S K
Reserved to take up underlying liens
Reserved for extensions, improvements and equipment.. 8,184,300
A mortgage for $2,000 00O was authorized in Nov., 1904. to acquire
the Jacksonville & Southwestern, Milldale near Jacksonville, Fia to
Anderson. 89 miles, and to extend the road 80 miles. V. 79, p. 2204.
As to the $35,000,000 collateral trust 4s of 1902 see "Organization"
above. They are subject to call at 105 In amounts not less than $100,
000. Car trusts $50,000, due $10,000 quarc, Dec, 1905, to Dec, 1906.
Gross, $3,302,676; net,$806.149
Latest Earns- 2 mos.) 1905
Gross. 2 929 083; net, 720,538
51904
Julv 1 to Aug. 31.
For 11 month.? ending May 31. 1905: Other income, $2,203.fcOi;
charges. $5,210 390; bal for dividends, $4,£00,8i9; dividend at 5
p. c for year calls for $2,102,085.
Report for the year ending June 30, 1904. was given at length
In V. 79, p. 2200, 2209 (see also editorial, p. 2176).
190 1-5.
'1903-4.
1902-3.
$22,22X902 $20,544,975 $19,682,456
Gross receipts
14,189,767 12,827,093
12,612,337
Oper. expenses and taxes
A
,
Net receipts from traflio... $8,033,135
593.749
Other iroome (est. for I9.i4) ..
1 ,6s3,000
Dividend on L. A N. stock
$7,717,8^2
58 \ 1.54
1,530,000
$7,070,119
387,952
765, tOO
$10,309,884
Total net receipts
Interest on bonded debt.et-... $4,783,427
Int. on certs, of indebtedness..
856,744
Div. on oom. stook (5 p. o.)
2,015 750
Div. on pref. stock (5 p. c)....
86,335
$9,833/ 36
857,"38
00
86 335
*8,223,071
$4,174,448
1,055.595
1,620,000
94,076
$2 ,3 4,647
$1,278,953
Balance, surplus
A
&
A
Atlantic Coa«t Line BR.— (Concluded)—
Savannah Flor. A Western Ry. ("Plant System"), which owned and
controlled 2,23 miles, was merged July 1, 1902. V. 74, p. 774, 829
The Jacksonville A Southwestern, Milldale near Jacksonville, Fla., to
Anderson. 89 miles, was acqiired in July, 1904, and is being extended
80 miles V. 79, p. 732, 2204. In Nov., 1904, the Macon Dublin &
Savannah, Macon to Vidalla, Ga., was purchased by Atlantio Coast
$2,567,627
$4,692,-J15
1,832,
•:
[Vol. lxxxi.
J. N. Y., U. 8. Trust Co
O. Treas. Wllmlngt'n, N. C.
J N. Y., Mercantile Tr. Co.
N. Y.,Tr. Co. of America
.
Check from
Co.'s office
Balt..Nl. Mechanics' Bh
July 1, 1918
Irredeemable.
July 1, 1948
July 1, 1948
Aug l,'05,li*
July 1, 1917
London and Portland. fept.,1905. 3%
Boston, Intern. Tr. Co. Jan. 1, 1944
Savannah, Ga.
July 5, '05, 2i#
D. N. Y., J.P.Morgan A Co Deo. 1, 1924
J. Bait., Safe D. & Tr. Co. July 1, 1953
New York. Erio RR July 1,'05, 1\
S.
Phila., Broad St. Stat'n.
Phlla. , F. Ins.Tr. Att.Dep
Aug 1/05.5%
July 1, 1910
Checks mailed.
July 1, '05, 4%
S. Phlla., Broad St. Stat'n
Sept. 1, 1934
Bait, Farm. A Meo. Bk. July 1, 1929
do
July 1, 1929
do
do
July 1, 1905
do
do
July 1, 1931
J.
do
N.
do
Nov. 1, 1936
do
N.
do
May 1, 1938
do
J.
S.
S.
N.
S.
N.
O.
J.
Co.'sOffloe,2Wall8t.N.Y S*pt 1,'05,2>»
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Sept. 1,'05,
.
New York.
do
do
do
do
July
July
July
Nov.
Nov.
Men.
May
1,
1,
1,
1,
1,
1,
1,
Oct. 1,
July
1.
2%
1925
1948
1925
1925
1941
1911
1906
1935
1946
Officers.—Chairman of Board, Henry Walters; President, R. G.
Erwin; 1st Vioe-Pres., Alexander Hamilton; 2d Vioe-Pres., 0. S. Gadsden; 3d Vioe Pres.,T. M. Emerson; 4th Vlce-Pres., J. R. Kenly: Gen.
Man., W. N. Royall; Sec. Herbert L. Borden; Treas., James F. Post.—
(V. 80, p. 1174, 1727; V. 81, p. 208, 263, 1174.)
A Danville By.— (See Map Southern By. )—West
Atlantic
Nor-
203 miles, three branches, 22 miles; James River
Junction to Claremont (3 feet gauge) 50 miles; total, 275 miles. Leased
to Southern Ry. from Sept. l, 1899, to July 1, 1949, for taxes, repairs,
maintenance and cash rental sufficient to cover interest oharges, with
privilege of renewals for terms of 99 years. In addition the Southern
Ry. agrees to pav the same rate of dividends on oommon stook as paid
on its own oommon stook. V. 71, p. 447; V. 79, p. 625.
Stock.—Common, $2,180,800 Pref. shares were canceled prior to
July 1, 1904. See V. 71, p. 181, 862; V. 73, p. 722,956; V. 79. p. 625.)
Bonds.—Of the $4,425,000 fonia of 1900 $500,000 oan be Issued only
for improvements upon request of Southern Ry. Interest oharges to
be covered by Increased rental. Of the $1,525,000 second 4s, $775,000 were issued July 1, 1904, and $750,000 balance will be on July
1, 1909. V. 77, p. 195.- (V. 79, p. 785, 967.)
folk, to Danville, Va.,
Atlantic A Uu If short Line— See V. 73, p. 615; V. 76, p. 1354.
Atlantic A Lake Superior By.— In July, 1904, operated MetaSedla, Quebec, to Paspebiac, 100 miles (Bale des Chaleurs Ry.); owned
t. Gregoire to Nloolet, 7 m.; St. Francis to Yamaska, 6 m.; Yamaska
to Sorel, 10 in.; Laohute to St. Andrews, 7 m.; total, 130 miles. Was
under construction. Paspeblao Juno, to Port Daniel, 21 in.; Pierre vllie
to Nioolet, 15 in
St. Gregoire to Chaudlere June, 67 m.
The reorganization plan filed in Dec, 1904, given in V. 80, p. 161,
Srovides for retirement of old securities and outstanding obligations
y Issue of new securities, viz.: $750,000 4 p. o. first debentures (int.
;
acorulng from July 1, 1905) and $750,000 5 p. c second debentures
(int. from July 1, 1906), due Jan. 1, 19 <6, or earlier at option of oom
pany. Int. J. A J., and $1,500,000 stook in $100 shares.
During year 1903-4 road was operated by trustee for bondholders.
Stook authorized, $10,000,000; par, $100; Issued, $2,602,500. Bonds
outstanding as collateral, £500.000. 4s.
For year ending June 30,
1904, gross, $57,346; net, $11,663. President, Hon J. R. Thlbaudeau;
Sec, Edgar N. Armstrong, Montreal.— (V. 80, p. 161, 1970.)
BB.—
A North
Morehead City to Goldsboro,
Carolina
State of N. O. owns $1,266,500 of $1,797,200 stook.
Leased from Sept. 1, 1904, to Jan. 1, 1996, to Atlantio A North Carolina Co. for interest on bonds, taxes, etc, and dividends at 3 p. c.
yearly for 20 years, Increasing ig per cent yearly every 10 years until
5 p. c. is reached
thereafter, 6 p. c; lessee also agrees to expend
$250.00" by Sept. 2. 1907, for impiovements and equip. V. 79, p. 967.
The Norfolk A Southern is controlled by the same interests. V. 81, p.
1175.
Dividends.— > '93. '94. '95. '96. '97. '98. '99. 1900-04. Underlease,
see above.
2
2
Per oent.
>
Earnings.—For year ending June 30, 1905, gross, $317,616; net,
117.173; other inoome, $4,800; int., taxes, etc., $85,960; dividends,
f 44 930; bah, surplus, $1,013 President, Marsden J. Perry, Providence, R. I
Vlce-Pres., Frank S. Gannon. 621 Broadway, N. Y.
General offices, Goldsboro, N. C.-(V. 79, p. 1331.)
Atlantic
N. 0., 95 m.
;
02222
;
Atlantic Quebec A Western By.— V. 81, p. 210, 612.
Atlantic ValdoMta A Western By.—See Georgia So. A
Augusta A Savannah
BB.—Mlllen
to Augusta, Ga.,
In 1895, re-leased to Cen. of Georgia for 101 years at 5
—V. 61, p. 239
p. o.
Flo. Ry.
53 miles,
on stock.
BB.—
Owns from Augusta to Sandersvllle,
Augusta Southern
Ga., 80 m. and 8andersville A Tennllle RR., 4 miles. The Southern Ry.
about four-fifths of the stook. V. 73. p. 343.
In Jan., 1901, acquired
Com. stook. $400,000; pref., $350,000; par, $100. Year ending June 80,
1904, gross, $142,212; net $8,884; interest on bonds, $20,000; def.,
$11,116. -<V. 72, p. 935; V. 80, p. 2219, 2456.)
Angniia I iiion Station Co.— Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter under
their operating contract providing for interest on the bonds and 4 p.c
alvldends on stock. Stock, $75,000 (5 p. c. paid in), held equally by
Southern Ry., Atlantio Coast Line RR. and Georgia RR. V. 78, p.
2333; V. 79, p. 500. President, Thos. K. Scott; Seo'y and Treasurer,
Carlton Hilly er, Augusta, Ga.— (V. 79, p. 500.)
,
%
ii
xii
ii
dc
Northwestern
BB.— See Houston A Texas Centr'lRy.
Avon Geneseo A Mt. Morris BB.— Mt. Morris to Avon, N. Y,
18 miles. Leased to Erie RR. Feb. 26, 1896, in perpetuity at 2>s p. 0.
on stock for 4 years from Jan. 1, 1896, 3 p. o. for 1 year more and 3>*
p.c thereafter.— (See V. 63, p. 512; V. 62, p. 318, 589.)
Bald Eagle Valley BB.—Owns from Vail Station, Pa., to Lookhaven, Pa., 51 miles; branohes to Sugar Camp, etc, 43 miles.
Leased to Penn. RR. Co. for 99 years from Dec 7, 1864. Rental, 40
Rental 1904, $371,504; other Inoome,
per oent of gross earnings.
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
RA ILROADS.
Date
Miles
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate
When Where Payable, and by Stocks— Last
or
Blase,
(5
For explanation of column headings, &o., see notes of
of
Par Outstanding
Per cent. Payable
on first page of tables.
Road. Bonds Value.
Baltimore
dt
s.
1886 $1,000
1869
1,000
1882
1,000
1894
1,000
1887
Me
Bonds Underltihq PirrsB'g Lake Erie
A West VIROI NIA
A Wheel. Cons. M. (now 1st) g. Imii.it
General mort., $1,000,000, gold, red. 105.N...C
Oou.ref.M ,$10,00 >,0 0.g.,red. atl02ia.Col.o
Clev.Term.A Val.lstM.,g.,gu
ITIe-o*Ar
Monong. River RR., lstM.,g., gu. B. AO.Ce...c*
Ohio A Lit. Kan Ry.,lst M.,$250,000,red 105.g
Ohio River, 1st mort. ($2,000,000), gold FP..0*
Gen. M. ($3,000,000), gold, 1st on 39 miles o*
RavSp. A Gl. 1st M., $400,000, g., gu. p.&i.FPc*
Huntington «fe Big 8. 1st M. ($400,000), g., gu o*
192
192
102
88
30
72
172
209
33
Ripley
Mill Cr'k 1st M..g., gu. p.&l.,end.c*4r
Plttsb. Clev ATol.lst M., g.,oalledl25 Feb.l..'03
Plttsb. Newcastle
L. E., 1st mort., ext. In gold
Plttsb.
West, 1st (cons.)
$10,000,000, g..o*
Ell wood 8hort Line, 1st M., gold, $300,000. . .«*
W. Va. P., IstM. g, 5s, scaled; red.par.MeBa.o*
13
77
30
215
Clev. Lor.
A
A
M
3
A
176
Leased Lines,
Etc., Securities.
Bait. * N. Y. RR., 1st M., gold, guar.MeBa.o&r
Mon. Rlv. Coal M., $1,500,000, g., s.f., red. at par
Sohuyl. R. E. 8.
1st M., g., guar. p. A 1., end.
8. 1. Rap Tr., 1st M.,$l ,000.000, g., $or JB.Us.o*
$5.000 000
8. 1. Ry., 1st mort.,
$1,000,000, gold.
A O. Equipment Obligations—
Me
Bangor <£ Aroostook —stock, see text
1st mortgage ($16,000 per mile) gold.O
2d mortgage, gold. Dam
G
l8tM.,Plso. D.. $l,50O,(H)0. g.
x Largely owned by or for Baltimore
12
11
0*
Real estate and car trusts June, 1905
Baltim >re <t Potomac— BvB PHILA. BALTIMORE
13
A Wash
o*
0*
A Ohio.
1889
1895
1903
1883
1905
1893
5ifl
RR
New mortgage
1
1,000
1,000
1,000
1,000
1,000
Akron
Plttsb. Cleveland A Toledo
Pittsb. Painesr. A Fan-port
Eastern Ohio
A
2,000,000
2,941,000
376,000
4
5
5
5
5
6
303,000
50.000
444,000
82,100
6
765 000
300,000
4
5
g.
g.
g.
g.
g.
g.
g.
6g.
6
g-
*!•
g.
g-
3,99 *,000
4g.
X350.000
848.000
5g.
5g.
5,000,000
xl ,000,000
Bee text.
511,000
4
g-
6g.
4*3 g.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Oct.
Trumbull A Mahoning.
1,
1.
1,
1922
1922
1907
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1983
1938
1930
1995
1919
1950
1986
1937
1920
1922
1908
1922
1917
1917
1920
1990
Jan.
1,
1,
1,
1,
1939
1945
1925
1913
June
1,
1943
July
1, '05, 3
1, 1948
1, 1945
Oct.
June
Jan.
Nov.
Feb.
Moh.
June
Apr.
Aug.
July
Aug.
Oct.
Allegheny. Pa.lstN.Bk. June
N.Y., J.P. Morgan
Co. July
New York Cltv.
Jan.
Co.'sOfflce,2 WallSt.N. Y Apr.
&
do
Bait., Am.
May
do
Bond'g A Tr. Deo.
June
N. Y. , foot Whitehall St.
New York
City.
1.
Preferred.
by B
1.
1943
A O.
)
4
4
4
4
4
4
In 1905, on common, Mar., 2 p. c; Sept , 2*2 p. o. V. 81, p. 210.
Bonds.— (1) Prior Lien 3*3%, a first lien on main line and branches,
Parkersburg branch and Pittsburg division, about 1,076 miles of
Irst track, and 1,325 miles of second, third and fourth tracks and sidings, and also all the equipment now owned of the value of upwards of
120,000,000, or hereafter acquired. Total authorised, $75,000,000, ot
erhioh $5,000,000 to be issued only after Jan. 1, 1902 (at not ezoeedlng
41,000,000 a year) for the enlargment, betterment or extension of the
properties covered. See application to list, V. 69, p. 30; V. 78, p. 1906.
(2) First Mortgage 4 per cent Gold Bonds, Due July 1 1048, but subteot
co call, in whole or In part, after July 1, 1923, at 105; a first lien on
jhe Philadelphia, Chicago and Akron divisions and branches and the
Fairmont Morgantown A Pittsburg RR., covering about 581 miles of
Irst track and about 573 miles of second, third and fourth tracks and
sidings: also on the B. A O. Terminal property and the Baltimore Belt
IK. They are also a lien subject to prior lien mortgage upon main
line, etc. See application to list, V. 69, p. 30; T. 79, p. 211.
Total authorised issue in no case to exceed.......
$165,000,000
Of which to retire prior lien bonds in 1925
.........
7s,oooi ooo
For the enlargement, betterment or extension of the
properties covered by mortgages (1) and (2), or for
extensions, additions or equipment, at not exoeeding
$1,500,000 a year for the first four years and at not
exoeeding $1,000,000 a year thereafter, originally....
37,00000a
3) Southwestern Division 1st Mortgage 3 1* per cents.
Virtually a first Ilea upon the properties constituting the B. A O. Southwestern RR. system, or the
securities representing the same, covering about 930
miles of first track and about 401 miles ef second
track and sidings. Total Issue
$45,000,000
Of which Issuable only at the rate of not exceeding
$1,000,000 per year for the enlargement, betterment
or extension of properties covered, originally
ifioojooo
(4) B. 4 0. Pitts. Jun. <£ Mid. Div. 3** per cents.
Expected to be ultimately a tlrst lien upon the railroads of the
Cen. ). system and Pitts. Juno. RR. Co., 385 miles in all—
Cotal authorized Issue in no case to exceed
$20,000,000
Of which to be issued only at the rate of not exceed!' <
$1,000,000 per year for the first two years and
thereafter at the rate of not exoeeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the mortgage
sjooojooo
11
Michigan Southern Ry. Co. (Vanderbilt
July
Jan.
~>
17
.
Jan.
Stock.—Authorized issues: Common, $125,000,000, see "General
Finances" below.; pref. 4 p. o. non-oumula tve, $60,000,000; outstanding, see table above and "General Finances." Pref stock dlv. are limited to 4 p. o.
(See V. 71, p. 1166, and edit, p. 1143; V. 72, p. 1186.)
Dividends (p. e.)
1900.
1901. 1902. 1903. 1904. 1905.
4
Common
2
4
>
4
4
Below
77
63
1
acquired, the Lake Shore
700,000
228,000
4*3 g.
July
July
V. 70, p. 76; V. 74, p. 528; V. 78, p. 1278.
A Cumberland Valley Extension RR.—Waynes-
378 Mononnabela Hirer RR.
SO
Brasehes to Fairmont. W.Ya., etc... 86 Dev. Terminal & Va ley
62
Cleveland Lorain & Wheeling Ry
South W. Dtv. SX% M.Wheeling to Clereland, jte
Be) pre. O.. via Cincin. to St. L.. etc. 930
T185
Pit'* June. 3H% M -(384 mlltuMUts Ohio Hirer RR. Lines.
Benwood to Wheeling, etc
Bellalreto vi idland City, O
)
„-,
1266
°" West Virginia Short Line RR
Shawnee to Sandusky, O
68
f
....
Pittsburg Junction RR
7 Ohio A Little Kanawha KH
74
P.L.U.& W. V t.Svs.H W.(*l,642m.)
176 Total of all (adding Baltimore
Weit Virginia A Pittsburg
Belt and other lines)
4,481
* Includes 384 m., also corered by Pitts. Jet. 1st M. 1 See tbls company.
History.— Receivers were appointed In February, 1896, but on July
1, 1899, the road proper was returned to the company, the reorganlza
tlon plan (in V. 66, p. 1235,) having been consummated without
foreclosure and the road vastly improved in physical condition.
The B. A O. Southwest, was reorganized per plan in V. 67, p. 688,
the oonsol. mortgage of 1893 having been foreclosed. In 1900 new
securities were Issued inder tne plan of reorganization of the Cent
Ohio and other leased lines. V. 67, p. 688,1109, 1206, 1356.
Reading Co., Ac. -In 1901 $68,515,000 (virtual control) of the
$140,000,000 Reading Co. stock, consisting of $12,130,000 first preferred. $28,530,000 secon pre' erred and $27,905,000 common was
to
950,000
3,302.000
& D.
A J.
M. A N.
F. A A.
M. A 8.
J. A D.
A. A O.
F. A A.
J. A J.
F. A A.
A. A O.
J. A D.
J. A J.
F. A A
A. A O.
M. A N.
J. A D.
J. A D.
A- & O.
J. A D.
J.
J.
do
do
do
Pennsylvania RR. Interest.—The Pennsylvania RR. Oo. purchased
a large Interest in 1900-01 and on Jan. 1, 1905, owned directly $21 ,480,000 preferred and $30,293,300 common stock; also—through the
Northern Central and Phiia. B. A W. (each owning one-half)—$2,000,000 preferred and $1,562,000 common stock, and through the Pennsylvania Co. $5,000,000 preferred and $11,044,600 common stock.
,
111.,
O.
g.
do
do
do
system) taking about one-half. In 1904, the B. A O. and L. 8. A M. 8.,
supposed, eaoh sold *3,950,000 of the common. V. 76, p. 101; V.
80, p. 18^6. In 1903 a one-sixth Interest In $6,924,200 of the $11,.
Ooo.OOO Hooking Valley Ry. common stock was acquired. V. 77, p.
1225; V. 79, p. 2746.
boro to 8hippensburg Pa., 26*52 miles. Leased to Western Maryland
BR. for 50 yearsfrom July 1, 1881, with privilege of renewal for interest on bonds and divid. on stock, amounting in all to $42,730. See
table above and V. 75, p. 665— (V. 75, p. 665.)
Baltimore & Harrlsburg RR.—Emory Grove, Md., to Orrtanna, Ha 59 miles, with branches, 7 miles, total, 66 miles. Leases
Bait. A Harrlsburg Ry., Western extension, Orrtanna to Highfield, 15
miles, guaranteeing interest on its bonds Leased to Western Maryland
RR. for 50 yt ars from Oct. 25, 1886; rental, interest on bonds and 5
p. o. on preferred stock (all paid M. A N.) Stock, common, $690,000;
pref., $29,100. -(V. 44, p. 812.)
Baltimore A Ohio RR.— (See Map).— Road.— Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being in July,
1904, 3,987 miles. The " Royal Blue Line" (see Central RR. of N. J.)
gives the road access to New York.
The system embraces, subject to the mortgages, the following lines:
(1,076 miles) Miles, Pittsburg * Wester*
Prior Hen SWJI
T219
Chieago,
A
5
Bg.
Co.'sOffloe,2WallSt.N.Y Sept. 1, 1930
do
do
Jan. 1, 1909
It is
;
M—
5,000,000
890,000
8.
J.
J.
J.
100
1,550,000 See text. J. A J.
211 1893
1.0O0
3,360.000
&g- J. A J. N. Y., Guar. Trust Co.
1.0O0
do
211 1895
142,000
do
5g. J. A J.
1.000
1,500.000
5 g. A. A O N. Y., Guar. Trust Co.
77 1899
"Tot til lssu ed" slio wn In first 1 eft hand column, balance being owned
,
Bait. te Wheeling, Bel pre. O., ete. ..721
to Plttib. A W., etc. . 866
1st li. *S— (681 milej.)
Baltimore to Philadelphia and bra. 137
A.
M.
J.
J.
J.
INOTO N.
RR.—
Cumberland
O.
g.
1,316,517
Int.,
Baltimore
6g.
5g.
5g. A.
A
A
&
&
A
4 1*
7
4s.
taxes, etc., $41 .110; dlv. (10 p. c), $140,625; baL, sur.,
Rental In 1903. $359,998. Pennsylvania RR. Jan. 1, 1905,
owned $706,250 stock.— (V. 66, p. 708.)
Baltimore A Annapolis Short Line
Owns road from
Cliffords to Annapolis, Md., 22 miles. In 1897 acquired control of
Annapolis Washington A Baltimore RR. Co., owning 3,575 out of 3,580
shares of Its stock all pledged under the mortgage, which was sold
in Dec, 1902, to the Washington Baltimore A Annan. Electric Ry.
for $367,400. The $334,000 bonds were called and paid June 1,
1903. V. 75, p. 1301. Common etocs issued, 9358,000; there Is also
•500,000 of preferred stock authorized, but none issued.
Dividends- > 1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905.
Percent.
6
5
6
6
7%
7
8
J
7>a
Year 1904-05. gross, $165,400; net, $60,341; taxes, $6,381; dir., 8
P.O., $28,640; surplus. $25,320 —(V. 76, p 809.)
Baltimore Chesapeake A Atlantic Ry.—Owns Claiborne to
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Claiborne to Baltimore, 44 miles, transfer is made by water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. RR. and allied lines. V. 69, p. 541, 590; V. 59,
p. 371. Pref. stock, $1,500,000 5 p. o. cum.; common, $1,000,000.
Dlv. on pref.. 2 p. o. paid Mar, 6 1905. V. 80, p. 1«'58.
The stockholders voted on Jan. 2", 1905, to acquire a majority
of the stock of the Maryland Delaware A Virginia Ry., extending from Queenstown. Md., to I ewes, Del., with brandies, a total of 77
miles, and guarantee $2,000,000 of its first mortgage bonds. See that
Co.,V. 80, p. 116, 105s.
Earnings — For 6 mos ending June 30, 1905, gross, $317,829, agst.
$306,999 in 1904; net, 98.701, atet, +22.324
Fiscal year now ends Dec. 31. Report for 16 mos ending Deo. 31, '04
was in V 80, p. 14^0, showing gross, $1,124,009; net, $20 ',879; other
inc., $8,550: taxes, $3,165; interest, $83,333
extraordinary expenditures, $9,707; balance, sur., $ 16,223. -(V. 80, p. 1362, 1 420.)
Baltimore A Cumberland IRR, and Ry.)—The Railroad extends from State Line, Md., to Waynesboro, Pa., 4*55 miles; stock
?76,700 In $50 shares. The Raxlway extends from Edgemont, Md., to
tate Liue, Pa, 3 miles; stock, $42,500 In $100 shares. Both are leased
to Western Maryland RR for 50 years from July 1, 1879, with privlege of renewal or purchase; rental. Interest on bonds.
;
$1,009,000
638,000
*959,000
*250,000
*191,000
1893
1,000
1896
1,000
1900
1,000
1895
1,000
1889
1,000
1900
1,000
1886
1,000
1S87
1,000
1890
1,000
18*2
1,000
1888
1,000
1882
1,000
1878 100 «feo.
1887
1,000
1890
1,000
1890
1,000
11
A
$25.661
215,430.
Dividend,
OKio—(Oon.)—
Bonds Undkrlying Pittbb. Juno. A Mid. £> rv. 3i«
Oent.O.. $2,500,OOO.con.lst M.(lstl'n) g.ItleBa.o
144
8and. Mans. A Newark, $2,300,000, 1st M.Uu.C* 116
Plttsb. Juno., 1st niort., $1,440,000, gold. lWe..o
7
0'
2d mortgage, $300,000, gold.
7
Pitts. Jo. Ter. 1st M., $500,000, g., gu. p. A l.Mte
B.
whom.
Of which In partial exchange lor old bonds
ioj6q,ooo
Sold to a syndicate for cash requirements...............
4.000,000
Of these bonds $6,175,480 are In hands of the public and $7,635,050
are pledged as part collateral for Pitte Lake Erie A West Va. System 4s.
Note.—The underlying bonds still outstanding In Deo., 1904. are in
cable at t>p of p»ge. The underlying stocks still in the hands of the
public aggregated $5 027 par valoe,
A
I
1
Pittsburg
Western, etc., forming a direct connection with Pltteburg,
Cleveland. Fairport, Lorain and Sandusky, subject to underlyingbonds outstanding thereon (see table above). In Sept., 1905, $29,060 950 additional underlying bonds, Including $7,635,050 Pittsburg Junction A Middle Division 3Hi8, were held In trust as part seourity. Of
the total Issue of bonds $32,785,000 are reserved to retire underlying
bonds and the remaining $10,868,000 are Issuable for additions and
lmDrov's. See full statement, V. 74, p. 266; V. 79. p 2793; V. 80. p. 1423.
(6) The 4 per cent debentures of 1901 are convertible at the option
>f the holder Into common stock at par on 30 days' notloe (see V.
73,
p. 1159); they may be oalled for payment at t/ar and interest on
any Interbst day, beginning Mar. 1. 1902, In che lnvorse order of their
numbers. V 72, p. 282; V. 73, p. 337, 1158; V. 75, p. 549.
16
RAILWAY STOCKS AND BONDS.
[Vol, lxxxi.
—
,
,
-
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column headings, &c, see notes
Outstanding
Road. Bonds Value.
on first page of tables.
33
F.<6Ar.(Oon.)— V.Bur.Ext.lstM.,$500,000,g.G.c.*
tic'
Aroostook No. 1st M., $225,000, gold
Consol. refund'g mort., $20,000,000, gold.OB.o*
Aroostook County bonds (assumed)
Nor. Maine Seaport 1st M.,gu., p. & i.Usm..o*&r
Car trusts, $60,000 doe A. & O. yearly. <i
Bangor Portland— 1st mortgage, gold
Bath <£ Ha mmondsport—1st mortgage, gold
Second mortgage, gold.Ce
Beaver <£ Ellwood— 1st mortgage, gold
Beech Greek— Stook (guaranteed 4 per cent by end.)
15*fl
412
•a
mm*
10
10
3
160
160
160
o.tr
1. (end.).Un.O.tr
Clearf.Bitum.CoallstM.,int.gu.byBb.Cr.,gold.c
Beech Or- Ext— 1st M., $4,500,000, g., gu.p.&.i.G.c*
$20,000,000, g.«..c*&r
Beech Creek Consol
BeUingh. Bay <t Brit. Ool.— 1st M., $1,000,000, g.,s.t.
Belt L. Ry. of Montgomery— leX M., lawful money.o
Belt RR. •£ Stock Yard of Indianapolis— Stook..
Preferred stook, cumulative
1st mortgage for $1,000,000, currency
Belt Ry. of vhatlano >ga—\&t M„ gold.ifIeBa....c*
Belvidere Delaware—Stock ($4,000,000)
r
Consol.
fguar. by United Co's, s.f
r
mortgage J guar. byUnltedCo's, s. f
r
Issue $600,000 reduced by s. f
of 1875
c*
$4,000,000 (guar. by United os., s. f...„
M
1905
'96'00
'80-'86
59
• •>•
,
SI
1
>>•
• •••
25
82
82
82
82
)
<
Berkshire— Stock, 6 p. o. rental
Bessemer <t Lake Erie Erie equipment trust
Locomotive equipment trust
Birmingham Belt- See St. Louis & San Francisco
Fl*
Bloomtrg Sullivan RR.— 1st M., $400,000
2d mortgage, lnoome, non-oum., $200,000. .. F P
1889
1893
1899
1.000
1,000
100 &C.
1,000
1,000
50
1886
1,000
1892
1,000
1891 100 Ac
1901 l.OOO&c
1905 1.000&C
1901
1,000
1890
1,000
50
50
1881
1,000
1895
1,000
50
1885
1,000
1887
1,000
1893
1.000
1903
1,000
100
<fi
••
....
1898
1898
1,000
1,000
Leased Lines.— Sohuylkill River East Side 5 p. o. bonds were
purchased Dec. 1, 1903, at 110, per V. 68, p. 40, and $5,000,000 new 4s
issued, guaranteed, prin. and Int., by endorsement. V. 77, p. 1745;
form of guaranty, V. 81, p. 727.
The West Virginia & Pittsburg (see agreement in V. 67, p. 1310),
has been operated since Sept. 1, 1899, under a 99 years' lease, for 4 per
oent on the mortgage, to be appropriated to payment of bond. Interest,
the B. & O. having the option for 5 years to purohase the bonds at par
and accrued interest on 60 days' notloe. V. 69, p. 439.
The B. A O. acquired at 125 $1,956,000 of the $2,400,000 Pittsburg
Cleve. & Toledo bonds. V. 70, p. 632; V. 76, p. 47.
In July. 1905 the Staten Island Rap. Transit RR. was authorized to
issue $5,000,000 new bonds, of which $1,500,0-0 for new construction, eto and $3,? 00,000 to refund old bonds, including $2,500,000
old bonds called for payment May 28, 1904. V. 81, p 30.
Finances.— In September, 1901, the authorized issue of common
stock was increased from $45,000,000 to $60,000,000, to provide
for conversion of $15,000,000 debenture 4s Issued In March, 1901, for
Improvements, eto. (V. 72, p. 282, 337). In July, 1905, $14,408,000
debentures had been converted. Stockholders in 1901 subscribed to
$22,537,200 additional common stock, at par, [V. 73, p. 1159; V. 74,
p. 150, 266,1 and In 1902 to a further $42,316,860 at same price, raising
the amount outstanding to $124.2< 2,000. Of the proceeds of this last
issue, $20,533,000 was applicable to equipment, $9,329,000 to doubletraoklng between Newcastle and Akron and miscellaneous construction, and the remaining $12,454,000 to acquire stocks, bonds, etc, to
be placed under Pitts. Lake E & W. Va. System mort. V.I75. p, 549J980.
In 1904, $10,000,000 of 2 year 4Lj p. o. notes were sold, secured by
a deposit of Reading Co. first and second preferred stock, with a
margin of 25 p. c, the company to have the right to substitute other
satisfactory securities. The proceeds were used in part to retire $2,500,000 Staten I'd Rap. Transit bonds M*y 28, 1904. V. 78, p. 1446.
In 1905 dividend rate on common was raised to p. c As to Read,
f>
ing Company dividend increase in 1905, see that company
In Mar. and Apr., 1905, locomotives and freight cars wer« ordered
at an aggregate cost of about $12,000,000. V. 80, p. 995. 1727, 1911.
The $10,000,000 equipment bonds of 1901 are due $1,000,000 yearly.
Earnings—From July 1 to Sept. 30, 1905 (3 months).
1905
Gross, $18,714,722; net, $7,002,350
1904
Gross, 17,193,654; net, 6,751.585
For 11 mos. ending May 31,1905 net. $21,124,589, against $19,580,525; in 1903 04, other income, $2,973,282; charges, $11,493,532;
balance, surplus, $12,604,339.
Earnings of July, 1904, based on 3,986 miles, being entire system
(4,442 miles) except
Valley KR. of Virginia, Ravenswood Spencer & Glenvtlle, Obio & Little Kanawha, Cleveland Terminal & Valley, Cleveland Lorain & Wheeling.
Annual Report.— Report for year ending June 30, 1904, was in V.
79, p. 2452, 2471. (See also editorial, p. 2430.) Average rate per ton
per mile, 5-82 mills In 1903-4, against 5-56 mills in 1902-03: average
revenue train-load, 401 tons, against 416 in 1902-3. In 1904-5, gross.
$67,689,997; net, $22,979,393.
Year ending June 30
1903-4.
1902-3.
1901-2.
Miles
,
3,987
3,935
3,884
Freight......
$48,617,104 $47,756,251 $43,779,786
Passengers
13,146,449
12,520,988
11,238,537
Mail, express, eto
3,307,528
3,172,395
2,874,172
Total gross earnings
Operating expenses
$65,071,081
43,628,864
$63,449,633
39,569,964
$57,892,495
37,006,984
Net earnings
Other income (net)
$21,442,217 $23,879,669
2,276,160
1,222,991
$20,885,511
930,096
Total net income
Interest and rentals
$23,718,377
$9,627,851
Taxes
Disoount, commissions, eto
Dividends on pref. stock
do
common
l,3t'5,510
427,fc56
. .
$25,102,660 $21,815,607
$8,934,919 $10,162,833
1,239,726
1,175,062
1,109,853
1,303,939
(4)2,400,000 (4)2,400,000 (4)2,400,000
(4)4,970.482 (4)3,039,848
2,000,000
3,500,000
2,500,000
stock.. (4)4,970,432
Additions and improvements.,
Balance, surplus
x$2,986,878 x$2,947,680 x$l,233,925
xSurplus differs from that shown in pamphlet report owing to method of
charging common stock dividend, the above being used for simplicity.
Executive Committee.— Oscar G. Murray, Chairman; G. F. Randolph;
Prevost, John P.IGreen, James McCrea and Samuel Rea; Pres.,
8.
Osoar G. Murray; 1st Vlce-Pres., Geo. F. Randolph; 8ec, C. W. Woolford; Treas., J. V. MoNeal. The Pennsylvania RR. is represented on
the board by Chas. E. Pugh, John P. Green, Samuel Rea and James
M
McCrea.
Other directors:
Geo. F. Randolph, James Speyer, Edward H. Hairiman, Norman B. Ream
Jacob H. Schlff, Charles Steele, James 8tlllman, Edward R. Bacon. Representing State of Xd., L. Victor Baugaman. A. P. Gorman.
N.Y. Ofllce. 2 Wall St.— (V. 80, p. 2619; V. 81, p. 30, 208, 899.)
Baltimore
RR.-8ee Phila. Bait. Wash. RR.
St Aroostook
(See Map) Oldtown, Me., northerly to Van Buren, with branohes; total 412 miles, viz.:
Lines owned—
Miles.
Miles
Brownville to Caribou and br.. 205 Ashland Jet. to Fort Kent
96
Oldtown to Greenville and B. &
Aroostook Northern, Caribou
K. Iron Works
95
to Limestone
16
& Potomae
Bangor
&
RR.—
|
—
j
Bonds— r- rln ol
pal, When
by
Due.
stocks— Last
Dividend.
& O N. Y Guar. Trust Co. Jan, 1, 1943
do
do
& O.
Oct. 1, 1947
4 g. J. & J N.Y.,BrownBros.&Bos July 1, 1951
4Lj
Various
Sept 12Julyl5
New York.
Apr. 1. 1935
5 g. A. & O.
5g. &6 A. & O. N. Y.. Guar Trust Co To July 1,1910
1930-1936
6g. J. & J. N. Y., 26 Exoh. Place.
New York City.
June 1, 1919
5 g- J. & D.
In default.
Apr. 1, 1923
A. & O.
5
July 1, 1919
4 g. J. & J
Q.-J. N. Y., Grand Cent. Sta. Oct., 1905 1%
4
July 1, 1936
do
do
4
J. & J.
do
do
July 1, 1936
& J.
5 g& J. N. Y., Kniokerb'r Trust. Jan. 1, 1940
4 g.
3*2 g& O. N. Y., Gr. Cent. Station. Apr. 1, 1951
4 g
& o. N Y.,Gr. Cent. Station. Apr. 1, 1955
5 g.
A D. N. Y.U.S.M&T.Co.A S.F. Deo. 1, 1932
& J. N. Y. Metropol'n Tr. Co. Jan. 1, 1910
6
See text
& J. Indianapolis, Co. offloe. Oct. 1, '05, 2%
A.
5 g.
A.
6,000,000
5,000,000
1,000,000
749.000
3,500,000
See text
659,000
200,000
1,000,000
6
500,000
6
1 ,000,000
5
275,000
1.253,000 5 in 1905
4
500,000
4
749,000
4
500,000
1,000,000
3*3 g6
1,078,700
1,220,000
5
5
150,000
1,000
1,000
30
30
•
INTEREST OR DIVIDENDS.
Rate per When Where payable, and
Whom.
Payable
cent.
5g.
$500,000
225.000
5,589,000
728,000
See text.
440,000
320,000
100,000
200,000
150,000
$1,000
1,000
1.000
•92-'9S
•
<f-
1st M., g, guar. p. & 1. (end.) K.
2d M. for $1,000,000, g,gu. p. &
1899
1897
1901
17
400,000
200.000
5
5
,
,
do
Oct. 1, '05. 1»«
do
Q.-J.
M. &N. Phila., W. H. Newbolds. Apr. 30, 1911
J. & J. Bait., Merc. Tr. & Dep. July 1, 1945
Philadelphia, Pa. RR. Feb. 24,'05.5%
Feb.
do
Sept. 1, 1925
do
M. & 8.
Feb. 1, 1927
do
do
F. & A.
do
Jan. 1, 1933
do
J. & J.
do
Jan. 1, 1943
do
J. & J.
Stookbridge. Mass.
Oct., '05, lifl
Q.-J. 15
M. & S HomeTr. o.,Hobok.NJ Mar. 1, 1922
M. & S
do
do
Mar. 1, 1913
J.
J.
&
&
J. Phila., F.I.T. AS.D.Co.
Phlla., when earned.
J.
Jan.
Jan.
1,
1,
1928
1928
Organization.— Organized Feb. 13, 1891. State of Maine refunds
95 per oent of all taxes levied. For organization see V. 66, p. 855.
The Fish River RR., Ashland, Me., to Fort Kent, 53 miles, was purchased In July, 1903. (V. 75, p. 977; V. 77, p. 35.) The Northern
Maine Seaport RR., incorporated in No/., 1904, with UJ36O.O0O
authorized stook, and to be leased, has about completed extension
from La Grange, Malne.',to Belfast, with branch to Stockton, on Penobscot Bay, about 70 miles. New steamship line, see Chronicle, Oct.
28, 1905.
Stock.—Common, $1,550,000; 10,400 shares full paid and 100
shares 5% paid. In July, 1903, $500,000 additional stock, included
above, was Issued to purohase the Fish River RR. V. 77, p. 35.
Dividends, Ha p.c, s.-a. Jan., 1904, to Jan., 1905, both Inch; July 2 p.o.
Bonds.— As to gold 5s on Pisoat. Division see V. 67, p. 1159; V. 68
Van Buren Extension 5s of 1899, V. 69, p. 952.
p. 84, 329.
Of the consol. refunding gold 4s, $12,500,000 were reserved to pay
off the outstanding bonds, inoluding those of controlled roads, oar
trusts and preferred stock, and to aoquire such controlled roads, $3,000,000 for improvements over a series of years and $4,500,000 for
extensions at $25,000 per mile inoluding equipment. V 73. p 286,
896; V. 74, p. 93. The Northern Maine Seai ort bonds, of which $3,000,000 s>ld ($5,010,000 authorized), are guaranteed. V. 81, p. 265;
form of guaranty, V. 8i, p. 727.
Gross, $349,224; net, $126,920
Latest Earnings.— 2 mos., s 1905
Gross, 329,828; net, 117,011
July 1 to Aug. 31.
> 1904
Surplus over oharges, $29,650, against $23,710 in 1904.
Annual Report— Report for year ending June 30, 1905, in Chronicle, Oct. 28, showing gross, $2,159,072; net, $782,-i59;|oharges, $558,835; other inoome, $7,475; betterments, $105,0u0; dividends (3»ap.
In 1903-4, gross, $2,015,356; net,
c.), $54,250; bal., sur.. $71,749.
$756,414.-(V. 81,
Bansor
p. 725.)
Portland Ry.—Portland
to Bath, Pa., 29 miles;
Jet. to Martin's Creek, 5 m.; other branohes, 5 m.; total, 39
miles. Stock, $510,000, all acquired in 1900 by Delaware Lackawanna & West. RR. Dividend (6 p. c.) Jan., 1901; 1902, 5 p.c; in 1903,
4; in 1904, 7; 1905, 8 p c. For cal. year 1904, gross, $236,776; net,
$86,204; charges, $38,624; div. (8%), $40,800; bal., sur., $6,770.
Jk
Nazareth
RR.—
Bath & Hammond«port
Bath, N. Y., to ffammondsport,
N.Y.,10miles. Control acquired by Erie RR. in Oot., 1903. In Oct., 1904,
foreclosure suit under first mtge. was pending. V. 79, p. 1954. Stock,
$100,000; oar, $100. Year ending June 30, 1904. gross, $33,029; net,
$12,502; int. and taxes, $16,391; bal., def., $3,889— (V. 79, p. 1954.)
Beaumont Sour Lake A Western Ry.— V. 80, p 2219.
Beaver
El wood
Ellwood Jot to Hazen Coal Mine, Pa.
3 miles Leased to Pittsburg & Lake Erie RR. for 20 years from May
1, 1899, rental being 40 p. c. of gross earnings. Stook, $150,000, par
of shares, $100. Bonds, see table above.
Beech Creek
('See Map adjoining If. T. Central.)
Road
Jersey Shore, Pa.,to Mahaffey,112 m; branches, to Philipsburg, to mines
&c, 48 miles; total, 160 miles.
Lease, &c—From October 1, 1890, leased to the N. Y. Central &
Hudson River RR. for 999 years at interest on bonds and 4 per cent
on stock, and since May I, 1899, operated directly as a part of its
Pennsylvania division. V. 68, p. 872. Carries mostly coal and ooke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Central's guaranty of prin. and int. See V. 52, p. 570.— (V. 75, p. 1398.)
RR.—
&
—
RR.—
Beech Creek Extension RR
—
—(See Map adjoining N.T.Oentral.)
—Clearfield, Pa., to Keating, 52-1 miles; Rossiter to Rossiter Jet., 3*2
m.; McElhattan to Browns, 1-2 m.; Curwensville to Bower. 15'8 m.,
Mahaffey to Arcadia, 13 i m.; Harmon to Boardman, 13 m.; branch
to Irvona, 16 3
3 o her branches, 11-5 m.; total, 1262 miles.
;
consolidation on Mar. 30, 1905, with th» Curwensville
Bower,
Pittsburgh & Eastern and Clearfield Southern.
low-grade coal line
leased to N. Y. Cent. & Hud. River RR. (which owns entire stook) for
999 years from June 1, 1905, bonds being guaranteed, Drinolpal and
interest. Of the consols, part is reserved to retire, dollar for dollar,
the old bonds. V. 80, p. 1174, 1479; V. 81, p 30.— (V. 81, p. 30.)
-
m
A
Bay
&
A
RR.—
Bellingham
6c British Columbia
Bellingham to
Glacier, Wash., 44*41 miles; branch from Hampton to Lynden, 5-31
miles; spurs, 2-20 m.; total, 51-2 miles. Stock, $1,000,000, all owned
by New York and San Francisco parties. Year ending Deo 31, 1904,
gross, $217,758; net, $75,972; other inoome. $3,858; int. and taxes,
$42,396; bal., sur., $23,303. President, H. H. Taylor.— (V. 81, p. 840.)
Belt Line Ry. of Montgomery.— Owns real estate and a belt
line in Montgomery, Ala., about one mile of track on Tallapoosa,
Bell, Perry and Columbus streets. Atlantio Coast Line RR. pays an
annual rental of $15,531. Atlantio Coast Line RR. owns about 92 per
oent of the $200,000 stocks, par, $100. Year ending June 30. 1905,
gross, $20,596;
net, $9,957;
Belt Railroad
&
bond
int.,
$12,000; baL, def., $2,043.
Stock Yard of Indianapolis.— Owns 14
Leased for 999 years to Ind. Union—which see.
miles of belt road, eto.
DrvrD.— ) Preferred in Com. '95. '96. '97. '98 to '02. '03. '04. 1905.
Since 1894 J full to date. stk. p.o. 5 4i«
5 yrly. b»« 7
8
In 1905, on common, Jan., 3 p. c July, 3 p. c; Oct. (extra), 2 p. o.
Pres., 8. E. Rauh, Indianapolis, Ind.— (V. 77, p. 2389; V. 81, p. 1099.
;
way
Belt DC ail
(of Chattanooga, Tenn.).—Owns
belt railroad in Chattanooga, Tenn. v. 67, p. 72.
25 miles Of
!
J
,
,
RAILWAY STOCKS AND BONDS.
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RAILROAD AND CONNECTIONS.
?Conwayi
>
.
'
RAILWAY STOCKS AND BONDS.
Oct., 1905. J
RAILROADS.
Miles
Date
Size, or
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due
per When Where Payable, and bj Stocks -last
Amount
Rate
of
of
Par
For explanation of column headings, Ac, see notes
Road Bonds Value. Outstanding Cent.
on first page of tables.
Loyalton— 1 st M., $675,000, g.. call 110.. .o
South. Ry.— 1st M.g ,$1,000,000.0*
St. L.
Boston & Albany—Stock ($30,000,000 authorized)
Boea
<t
Boonville
<fi
.
Bonds
Bonds
o
Bonds. $2,500,000, ourrenoy
Boston <s Lowell— Stock..
Bonds, not mortgage.
do
Bonds,
Bonds,
do
0*.. Boston A Maine gives
Bonds,
do
0*..
a rental guarantee
Bonds,
do
for 69 years.
do
Bonds,
Bonds,
do
0...
do
Bonds,
.... J
Bonds,
do
<£ Maine— Stock, common and scrlp.OB...
Boston
Preferred stock, 6 per cent, non-oumulatlve.OB
Improvem't bonds, s. f., not mort. or sub), to oall
Improvem't bonds, s. f ., not mort. or subj. to call
e&r
Bonds (not mortgage) for Imp. ref
o<fcr
Bonds, not mortgage, gold
Bonds, $5,454,000, g., secured by Fltohb. stock..
Bonds, not mort., $1,000,000
Bonds, ($2,000,000) not mort.)
Bonds, n>'tmortgage
Eastern RR.certs.of Indebt.lstM., g.,s.f.,notdrn.c
o
Portsmouth Great Falls & Conway 1st mort
Central Massachusetts, 1st M. IB, assumed
e,
Charlestown land mortgage notes
Port. A Rooh. Terminal bonds (no mort.) ass'd.o
Boston <t Prov.—Stock, 10 p. o. guar. 99 yrs., Old Col.
o*
Bonds, not mortgage
Boston Severe Beach <t Lynn Stock
o**r
1st mortgage, $1,000,000, gold.SB
Boston winthrop <fe Shore 1st mort assumed. IB
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1892
1893
1895
1896
1897-8
•99'01
1903
1905
100
100
1887
1,000
1887
1,000
1892 lOOOAo.
1894
1,000
1900
1,000
<fe
—
$1,000
1,000
1886-9
&
1
(not mortgage), guar. p.
(not mortgage) $5 ,000,000
1903
1881
1902
1893
1901
56
44
392
500&0.
1,000
Var.
110
73
96
1901
1903
1905
1876
1877
1886
Var.
1,000
1000
1.000
$
500
100
1892
68
88-'93
—
A4
1,000
100
1897 lOOO&c.
1886
1.000
Histobt.—A reorganization of Union Ry. foreclosed June
(
)
;
80, p. 2219.
Bessemer & Lake Erie RR.— Leases Pittsburg Bessemer bo
Lake Erie RR., Bessemer, near Pittsburg, Pa., to Conneaut Harbor,
Lake Erie, etc., with branches, a total of 209 miles, for 999 years
from Apr. 1, 1901; owns 9 m.; total 218 miles. V. 72. p. 137. Au-
thorized to operate a railroad from a point of connection with the
Pitts. Bes. & Lake E. at or near Kremls Station, Pa., to a point on
the Jamestown & Franklin RR.. near Salem Station, Pa.;
Stock,
authorized, $500,000. Controlled by the Carnegie Co. and so by the
U. S. Steel Corporation. Guaranty of Marquette & Bessemer Dock &
Navigation bonds, V. 77, p. 1228; V. 76, p. 1358.— (V. 78, p. Ilb7.)
RR.—
Birmingham A Atlantic
Talladega to Coal City, Ala., 31
miles branches, Rogans to ore beds, 9 m., and Furnace to Weisingers,
3m.; total, 43 miles. Stock, $1,000,000, all common; par of shares,
$100. Bonds, $500,000 forty yea 1st 6s, due Nov. 1, 1931 ($1,000
each), Int. payable M.&N.,in default. Year ending June 30, 1904, gross,
$40,196; def. under oper., $13,506; bond interest not paid. President,
Sidney H. March; Sec and Treas.. John Carlsen, 25 Broad St., N. Y.
;
•
Bloomsbnrg A Mi 111 van BB.— Owns
Bloomsburg to Jamison
30 miles. Stock is $600,000; par, $50. V. 66, p. 80, 952.
Year ending June 30, 1904, gross, $89,358; net, $38,435; interest,
taxes, etc., $36,. 86; bal., surplus, $2,099.— (V. 66, p. 80, 952.)
Boca A Loyalton BR.— Owns from Boea, on Central Pacific
main line, nortnwesterly via Loyalton to Beckwith, 40 miles; 6 miles
additional main line and 10 miles of branches; total. 56 miles.
In Mar, 1^05. the West. Pacirio Ry. acquired control. V. 80, p. 1174.
Stock, $1,200,000; par of shares, *15. Bonds cover also Roberts Lumber Co.'s property comprising 52,769 acres of pine lands, water- works
etc.; Mercantile Trust Co. of San Franoisoo is mortgage trustee.
They are subject to call for sinking fund at 110 and interest.
Earnings for year ending July 31, 1904: Railroad,
V. 76, p 1191.
City, Pa.,
fross, $145,126; lumber, gross, $228,088; total, $373,214; total net.
146,310.-(V. 76, p. 1191; V. bO, p. 1174; V. 81, p. 667.
Boise
By.—Nampa to Murphy, Idaho, 30*45
miles, completed July, 1899. In 1901 was extended from Nampa north
to Emmett, 28 miles, under charter of Idaho Northern Ry. In Jan.,
1904, extension from Emmett to Garden Valley, 45 miles, was reported to be proposed. Stock, $1,000,000; par, $1 00. In Apr., 1903,
no bonds were to be issued "at present." Year ending June 30, 1903,
gross, $32,787; net, $1 1,274. President, E. H. Dewey.
vil le St. Louis
Southern Ry.—Boonville to Versailles,
Mo., 44 miles. Leased to Mo. Pac. till July 1, 1910, at annual rental of
$25,000, taxes, expenses, etc. Stock, $250,000; par of shares, $125.
Albany
Boston
Owns from Boston, Mass., to Albany,
N. Y., 200 miles; numerous branches. 104 miles; leased lines, 88 miles;
total operated. 392 miles. A consolidation of December, 1867.
Leased in 1900 for 99 years to the N. Y. Cent. & Hud. Riv. RR. for
guaranteed rental of 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc.], organization expenses, interest on
bonds, taxes, expenses of maintenance, etc The B. A A. received
for certain property not included in the lease $5,500,000 in N. Y.
Cent. 3*2 per cent 100-year debentures, thus adding *77 per cent per
annum to 8 per cent guaranteed on stock. See lease in V. 69, p. 282.
V. 69, p. 1061, 1102, 1246; V. 70, p. 74; V. 71, p. 645, 963.)
Bonds of 1901 $2,500,000 were for terminal facilities at Boston, of
which $1,000,000 issued. V. 71, p. 1218; V. 72. p. 44; V. 75, p. 752.
Dividends— Cash dividends at the rate of 8 per cent yearly were
paid for many years prior to the lease. Since 1900 8% per oent.viz.:
2 p. 0. eaoh in Mar. and Sept., 2^ p. 0. in June and 2*4 p. 0. in Deo.
Nampa & Owyhee
A
Boon
A
BB.—
Whom.
Payable
Dividend.
6g. A. & O N. Y., U. S.M. A Tr. & S.F
$667,000
6g. F. A A. N. Y., Amer. Ex. Bank
400,000
25,000,000 See text Q.-M. Boston, Of. Ter. Station
A. A O.
do
do
3ifl
3,858,000
A. A O.
do
do
4
3,627,000
do
do
3* J. A J.
1,000,000
Boston, at Office.
J. A J.
8
6,599,400
Various
do
do
4
3,175,000
do
A. A O.
do
4
1,000,000
do
F. & A.
do
4
1,000,000
m. a s
do
do
4
500,000
do
do
4
J. A J.
750,000
do
do
A. & O.
414,000
4
do
3ifi
J. & J.
do
939,000
M. A N.
do
do
250.000
3»a
312
do
500.0C
M| A S.
do
Boston, at Office.
24,638,070 7 in 1905 Q.-J.
M. & S.
Causeway St.
6
3,149,800
F. A A.
do
do
4
500,000
F. A A.
do
4
do
1,919,000
F. A A.
do
do
4
2,500,000
4i« g J. & J.
do
do
6,000.000
do
do
5,454.000
3 g J. A J.
3i*
M. A N
do
1,000,000
do
3*3
2,000.000
J. A J.
do
do
F. & A.
do
500,000
do
SHi
M. A S. Bost.; Lond., Baring Br
7,822,244
6g
41*
J. & D.
Boston, at office.
1,000,000
A. A O.
do
5
2,000,000
do
J. A J. Boston Office A Fed.Tr.
4
594,800
A. & O.
4
do
113,500
do
Boston Term., room 424
10
J.
4,000,000
J. & J.
do
4
2,170,000
do
850,000 2 in 1905 J. & J. Offlce.or cheques mailed
1
4 flg. J. & J. Boston, State St. Tr. Co.
561,000
M. A 8. Boston. State Nat'l Bk.
289.000
5
Q—
Earnings.—For 9 mos. ending Mar.
Gross
Set.
9 mos.—
17. 1895.
Leased till July 1, 1945, to Alabama Great Southern RB.; rental guar
an teed to meet Interest on 1st M. bonds, taxes and maintenance.
Stock Is $300,000, owned by Ala Great So. Ry. There are also $24,000
second income 4s, due 1945, but subjeot to oall at par sinoe July 1, 1903
coupons paid from Jan., 1901, to July, 1905, Inol..— V. 63. p. too
Belvidere Delaware BR.— Owns from Trenton, N. J., to Manunka Chaak, N. J., 67. m.; Flemington RR.,Ac, 14 m.; operated cut-off
1 m.; total operated, 82 miles. Leased to United Companies, and trans
ferred to Perm. RR. March 7, 1876. Net earnings paid as rental.
Stock.— Authorized, $4,000.000 outstanding Jan., 1903, $1,253,
000; par, $50. Dividends: 1897 to 1905, both inclusive, 5 p. o. yearly.
Bonds.— All of the outstanding bonds are secured by the oonsol.
mortgage of 1875 for $4,000,000; sinking fund 1 per cent of outstand
tag bonds if earned. The issues of 1885, 1887 and 1903 are guaranteed by the United New Jersey RR. & Canal Co. Guaranty, V. 76, p. 918
Earnings.— In 1903, gross, $1,394,375; net, $235,255; interest,
taxes, etc., sink, fund and other charges, $185,594; bal., sur., $49,661.
In 1902, gross, $1,121,127; net, $201,694.— (V. 76, p. 918.)
Bennington A Rutland By.— See Rutland RR.— (V. 70, p. 685.
Berkshire BR.—West Stookbridge, Mass., to Connecticut State
Line, 21 miles; Vandeusenville, Mass., to Pittsfleld, 22 miles; total, 43
miles. A consolidation in 1905 with Stockbridge & Pittffleld and
West Stockhrid*e RR. V. 80. p. 2219. Leased April 1, 1893, for 99
years to N. Y. N. H. A H. RR. for expenses, taxes and 6 p. 0. on stock,
paid Q.-J. 15 at Housatonio Nat. Bk., Stookbridge, Mass. Lease to
Housatonio RR. suspended but not canceled. Stock, $1,078,700. (V.
19
1923
1911
Sept. 30, '05, 2
Apr. 1, 1952
Oct. 1, 1913
Jan. 1, 1951
Apr.
Aug.
1,
1,
July 1, 05, 4%
1906-7-9
Apr. 1, 1932
Feb.
1,
1,
1.
Mch.
July
1913
1915
1916
Oct., 1917*18
1919
May
A
1921
1, 1923
Sept. 1, 1925
Oct. 2, '05,
1%
Sept
1,'05.
3%
Feb., 1907
Feb.
Aug.
Jan.
July
Nov.
Jan.
Feb.
l,
1,
1.
1,
1,
1,
1937
1942
1944
1950
1921
1923
1925
1906
1937
1906
1906
1907
2,
Sept. 1,
June 1,
Oot. 1,
Sept. 1,
Oct. 1,
Oct. 1, "05, 2*»
July 1, 1918
July 1, '05, 1%
July 15, 1927
Sept. 1.
1906
31:
Oth. inc.
Charges
Balance.
$7,721,012 $2,328,283 $270,734 $2,«<M,8^5 df.$ '5,818
7,417,526
1,997,135 241,519 2,506,929 df.268,295
Eabningb as reported to State RR. Coin mission by lessee:
Oi her inc. Int.,divs,eic.
Gross.
Net.
Year,
Bal.. sur.
1904-5 .$10,384,574 $3,157,418 $363,891 $3.554 513 dtf.$33.204
1903-4... 9,932,595
2,793,121
321,894
3,354,836 def. 239,821
(V. 73, p. 1312; V. 74, p. 150. 629; V. 75. p. 732. 1301.)
Road—Owns Boston to Lowell, 27 miles
Boston Lowell
branches— Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 45 miles; Middlesex Central, 11 miles; leases— Connecticut
A Passumpsio. 146 miles; Nashua A Lowell, 15 m.; Peterborough, 10
m.; Northern N. H., 83 m. (and subsidiary lines 90 m.); Stony Brook
RR., 13 m.; Wilton RR., 15 m. Leases mostly assumed by Bost. A Maine.
leases.— Leased in 1887 for 99 years to the Boston A Maine at 7 per
cent per annum on stock till Jan. 1, 1897, and 8 per cent thereafter.
Stock and Bonds.—Stock authorized, $6,599,400. The debentures
were described on page 2, Sdpp. of April, 1895. (V. 81, p. 725.)
Boston dc IUai ne
Road—The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
(two divisions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jet.
and Troy, N. Y., Worcester, Mass., to Portland, Me., and all important places in New Hampshire:
er See this company.
Lines owned.
Miles.
Lines leased— (Ooncl.)
Miles.
Boston,Mas8.,toPortland,Me.
Fitchburg
^458
viaW. Div
115 Nashua A Lowell
flis
Boston to Portland, E. Div.. 108 Worcester Nashua A Rooh... fl94
Conway June, Me., to North
Connecticut River RR
fl 80
Conway, N. H.
73 Other
72
Portsmouth Eleo. Ry
18 Trackage rights
9
Portland, Me., to Rochester,
Total operated July 1, 1905. .2,286
N. H
54
2d track (3rd A 4th tr. 10) . . 522
1904-5
1903-4
—
A
BR.—
RR.—
No.
Camb. Jot, to NorthampMass
ton,
Sundry branches
96
148
Controls Me. Cent, (which see) .816
St.Johnsbury
ALakeChamp.131
York Harbor A Beaoh
11
Vermont Valley
ff469
24
Concord A Montreal
Sullivan County
11477
26
Organization, Etc.—An agreement with N. Y. N. H. A H. regarding division of territory was made in 1893. V. 56, p. 464.
Stock.- Of the $24,638,070 stock outstanding July, 1905, $1,128,200 was held by trustees as collateral for Eastern RR. certs, of indebtedness. V. 69, p. 129.
Stockholders on Oct. 11, 1905, auth< rlzed $4 203,700 new stock, this, with $1,128,200 set free by payment of eastern RR certificates of indebtedness, t < be offered to stockholders ro
rata on S-pt. 1, 1906, payment to b- made in full Sept. 1, l9ot>, or opLines leased.
Boston A Lowell
1
tionally in four equal instalments 'in Sept. 1, 1906, July 1, lv07. Sept.
1 1907, and Jan. i, 190s, the proceeds to be used on account of coposed expenditures aggregating $8,700,000, including $5,000,000 for
equipment, etc. V. 81, p. 899, 974, 1174.
Dividends. < '87 '88 '89 '90 '91 '92 '93 '94-98 '99 19o0 to Oot *05
On common. \ 10% 9 9 9ij 9 8 8 6 yrly. 6k
7 p. o. yearly.
Bonds.— As to debentures see Supplement of April, 1895 Under
the lease of the Fitchburg RR. the B. A M. issued its $5,454 000
fifty year 3 per cent gold bonds to purchase, $ for $, the same amount
of Fitchburg common stock held by the State of Massachusetts and by
private persons; V. 70, p. 175.
Stockholders on Oot. 11, 1905, authorized $10,000,000 bonds to refund and pay oonds and notes maturing 8* pt. and Oct.. 1906, and for
other necessary purposes. V. 81, p. 974, 899, 1174. Notes i«»j»uxo
payable
0.1
Sept., 1905, $400,000.
In Nov., 1904, $500,000 twenty-year 3% per cent bonds, dated Feb.
1905, were sold to provide balance necessary in addition to sinking
fund on hand to retire $1,000,000 improvement bonas falling due Feb
2, 1905.
V. 79, p 1638, 1641, 2204.
B. A M. guarantees $1,328,000 first 5s of St. Johnsbury A Lake
Champlaln. Also interest on $274,000 Manchester A Lawrence 4s.
Jointly with M. Cent, guarantees $300,000 Portland Station bonds.
Annual Report.—Annual meeting second Wednesday in October.
Annual report 1904-05 in V. 81, p. 1040, showed results as folio wb
Tear Ending June 30.
1905.
1904.
1903
Miles operated June 30
2,287
2,290
2,282
Passenger department
$12,530,472 $12,338,182 $12,llo,ll5
Freight department
21,808,070
20,788,779
19,965,457
Mails, express, etc
1,874,703
1,767,647
1,657,413
Total gross earnings
$36,213,245 $34,894,608 $33,738,985
Net earnings
$9,593,505
$9,622,701
$9,505,613
Net, includ. other income
$10,181,094 $10,199,585 $10,033 237
Interest
1,486,169
1,482,296
1,401,332
Rentals
5,069,578
5,083,278
5,067,593
Taxes
1,605,460
1,633,270
1,619.119
Dividends
1,806,646
1,779,000
1,771,722
Sinking fund
136,285
151,285
151,285
Balance, surplus
$76,926
$70,456
$22,186
2,
:
20
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
H
.
,
.
RAILWAY STOCKS AND BONDS.
Oct., 1005.
RA1LROADH.
see notes
<tec,
Date
Size, or
of
of
Par
Buffalo Greek— 1st mortgage
Cons. M., $1,000,000, gold, Interest as rental,
Buffalo N. T. dtErie— See Erie Railroad.
Buffalo Rochester
<fe
Pittsburg—Com.
3i<j
1882
1891
6
6
r
6
stock. Tr
.
.•>
.
• •
•
1881
1882
1887
1889
'90'98
1899
1902
1904
1896
1896
1886
1896
1902
.
Securities of Allied Coal Properties.
& Clearfield C. & I., pref. stock
stoking fund, dr;iwnat 105
1,000
1,000
1,000
1,000
1,000
1900-1
....
100
Jefferson
g.,
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
G.c*
....
1,500,000
1,486,000
1,000,000
449.000
1,055,000
1,850,000
3,000,000
216,000
6,521,000
4,45" ,000
- Usm.o*
drawn at 105
o
....
Coal & Iron, let M., g., s f
f.Ce..o*
...
Helvetia, purchase money, mort.,g.,s.
.-••
1st M.of 1902, $2,000,000, g., red.i05, s.f.G.o*
50
Buffalo <t Susquehanna RR.— Pref. stk., 4% non-ou.
102 1893 500 .fee.
OTe.c*&r
1st M., g., s. f., red. at par
1901 l.OOO&c
c*Ar 242
1st refunding mort. gold (see text) .Mp
1903 l.OOO&c
Buffalo a Suso. 22*.— 1st M.. $6,000,000, g.Us.c\fcr
Burlington Cedar Rapids dt Northern— See Chic 4 go Rock ISLAN d & Pa CD7IC Ry.
Burlinaton £ Missouri Valley— Bee Chicago Bpr lingt ON&Q DINCT.
40 1898
1,000
990,000
Oal. Northw.—l&t M., g. ($2,000,000, gu. p.&i.) 8.1.
California Pacific—See Southern Pacific RR.
2d M., gold,
Roch.
•
a. f.,
& Pitts.
.
,
Whom.
Text. Boston, State Nat'l Bk.
& D. N. Y., Knlckerb. Tr. Co.
g.
J.
5g.
J.
J.
10,500,000 6 in 1905 F.
6,000,000 6 In 1905 F.
F.
1,300,000
3,917,000
6g. J.
4,427,000
5 g. M.
350,000
5 g. J.
137,000
5 g. J.
4*3 g. M.
500,000
2,000,000
4^g. M.
1,761,000
413 g- M.
4*3 g. M.
770,000
100
100
108
276
276
10
. .
IstM.,
178,000
621.000
1,000
1.000
5
pal,When Due.
Payable, and by
Payable
Cent.
s
o*
com. 6%; then pro rataTr
R.&P. IstM ,g., Rochester to Salamanca. Un.o*
R. &P. oonsol. M., $20,000 perm., gold, g.Un c*
B. R. & P. 1st general M. ($10,000,000) g.. Un o*
Lincoln Park & Charlotte 1st M., gold, gu. Un.o*
B. R. & P. oar trusts, gold, due semi-annually
Equipm't bonds, $500,000, g., s. f., Ser. A...G.0*
do
B. & C, $1,000,000 each, g., 8. f.G
D, $2,000,000, g., red. 105, 8. f...
do
E, $2,000,000, g red. 105, s. f ..
do
When When
Rate Per
1897 l.OOO&ci$14,000,000
1902
150.000
500
17
Pref. stock, non-oum.;
,
Amount
Road. Bondn Value. Outstanding
Boston Terminal Go.— 1st mort., ourrenoy.OB..o&r
Bruce Mine* <t AL— 1st M.$250,000,gu.p.<fe l.red
Bruntw. <t West.— See Atlantic Coast Line BR.
Bonds— Prtncl-
INTEREST OR DIVIDENDS.
Miles
For explanation of column heading,
on first page of tables.
Zi
&
&
&
&
&
&
&
J.
J.
A.
A.
A.
D.
do
D.
& N.
& N.
& N
& N.
F. & A.
8- J. & D.
S- J. & D.
£ M. & 8.
g- M. & N.
4*3 g. F. & A.
Q.-M.
4
5 g. A. & O.
4g. J. & J
4iag. M. & N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J.
&.
do
N. Y., 36 Wall Street.
8.
<fe
& Tr.
N. Y., Farmers' L.
plucks— Last
Dividend.
June
1,
1,
1947
1952
Jan.
Jan.
1,
1,
1907
Feb.
1941
Au?.15,'08,3'
Aug.15,'00,3'
1921
1922
Feb.
Deo.
1,
1,
8ept. 1,
Jan. 1,
1937
1939
1905-1908
May 1, 1919
May
Nov.
May
1,
'20-21
1,
1,
1919
1922
Aug 15,'05,2ifl
Checks mailed.
36 Wall Street. June 1, 1926
June 1, 1926
do
do
Nov. 30, 1907
do
do
do
May 1, 1946
do
Aug. 1, 1932
do
do
N. Y., Fisk & Robinson 8ept. 1,*05. 1%
N. Y..H. Fisk & Sons.
Oct., 1913
N. Y., Fisk & Robinson Apr. 1, 1951
N. Y.. Fisk & Robinson. Apr. 1, 1953
N. Y.,
.
Officers.— President, Lucius Tuttle; 4th Vice-Pres. and General
Auditor, W. J. Hobbs; Treasurer, Herbert E. Fisher. Offlce, Boston.
Directors— Lucius Tuttle, Richard Olney, Walter Hunnewell, Boston; Joseph
H. White, Henry M. Whitney, Brookllne, Mass.; L. C. Ledyard, Henry F. Dimock, C. M. Pratt, New York; Samuel C. Lawrence, Medford: A W. Sulloway,
Franklin, N. H.: Wm. Whiting. Holyoke. Mass.; Alexander Cochrane, Boston.
-(V. 81, p. ti65, 899, 974, 1040, 1174.
Owns Boston, Mass., to Providence.
Boston Providence
R. I., 44 miles; branohes, 20 miles. Leased 99 years. April 1 , 1888, to
Old Colony RR.; rental, 10 p. o. yearly on stock— (V. 78, p. 2010.)
RK.—
&
Boston Revere Beach
& Lynn RR.—Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company's ferry boats Boston Winthrop & Shore Div., East Boston to
Winthrop, 5 miles, with branches 3 miles. Of the 4^8 of 1897 $289,000 reserved for Boston W. <fe S. 5s; balanoe unissued is for improvements. (V. 65, p. 68.) Notes payable July 1, 1904, $305,000.
Dividends. ) 1888-91. '92. '93. '94. '95. »96. 1897 to July, 1905
41-2
2 yearly.
4
5
Per cent. 5 7 yearly. 5^
Earnings.—Year ends June 30,
;
Tear.
Net.
Gross.
Int.
<&
taxes,
Div. paid. Bal., surp.
$17,000
$448
$63,684
592
17,000
60,080
-(V. 65, p. 68, 568; V. 67, p. 1000; V. 69, p. 953.)
Boston Terminal Co.— Owns Southern Union Depot in Boston
opened in 1899. V. 68, p. 40; V. 69, p. 591. Boston & Albany, New
England, Boston & Prov., Old Colony and N. Y. N. H. & Hartford RR.
Cos. eaoh owns one-fifth of the $500,000 capital stock and pay as rental
In monthly instalments sums sutttoient to pay all expenses, charges,
These oompanies are
Interest on bonds and 4 per cent on stock.
$81,132
77,672
$606,357
542,399
1903-04
1902-03
Jointly liable for
any deficiency
in case of foreclosure.
Registered
Q,— F.; coupons F & A.— (V. 69, p. 129, 591.)
Brockvllle Westport & Northwentern Ry.— (V. 75,
int-
erest payable
p.
1252;
V. 76, p. 101, 211, 809; V. 77, p. 2097.)
Brooklyn & Brighton Beach RR.—V.69, p. 228; V.75, p. 1353.
Brooklyn A: Rockaway Beach RR.— Owns road from East
New York (Brooklyn) to Canarsle Landing, Jamaica Bay, Similes (of
track), and operates ferry to Rockaway Beach.
Operations suspended during winter months. OnJan. 20,1903, Henry J.
Robinson was appointed receiver; foreclosure peudingr. V.76, p. 211,971.
Stock is $150,000; par, $50. Bonds, $338,000 gold 6s, due May 1
1931, interest in d e f ault since Nov., 18 y 9. Floating debt July, 1904,
$294,252; real estate mortgage, $30,030. In year ending June 30, 1904,
gross, $3,015; def. under operating. $10,544; other income, $4,082;
int. and taxes, $27,868; balance, deficit, $34,330. -(V. 76, p. 971.)
which 2 miles double
& Algoina Ry.— V. 76, p. 704.
Brunswick & Birmingham RR.— See Atl. & Birmingham Ry.
Buffalo Bradford & Kane RR.— (3-ft. gauge.) Owns Bradford to Smethport, Pa.. 26-11 miles. Ormsby June, to Mt. Jewett, Pa.,
10-48 miles leases Mt. Jewett to Kane, Pa.. (Bait. & Ohio) 11-49 miles.
Total 48-08 miles. Suoot-ssor to the Bradrord Bordell & Kinzua Ry.,
foreclosed. In Jan., 1905, control was changed and the Big Level &
Bruce Mines
;
Kinzua. included »bove, was aoquired. V. 80, p. 1174; V.77,p. 1745,
2279,2338; V. 78, p. 101. Stock, +300,000; par, *100. Pres., W. W.
1st V.-P., S. S. Bullis; Sec.-Treas., R. 8. Bullis.— (V. 80, p. 1174.)
Owns 6 miles of terminal road in Buffalo
N. Y. In December, 1889, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capita'
stock of $250,000. Lease provides for interest on borjds and 7 p. c. on
stock.— (V. 79, p. 1954.)
Bell
;
Buffalo Creek
RR.—
Buffalo Rochester
& Pittsburg Kail way .—(See Map. >— Opej
from Buffalo and Rochester, N.
Lines owned in fee —
Miles.
fttes
Buffalo Creek, N. Y., to
Howard
June, Pa
81
Clarion Juno., to Lindsey, Pa. . 60
Rochester to Ashford, N. Y.... 94
Charlotte, N. Y., to Lincoln P'k. 10
Indiana branch
Five branohes
bituminous coal regions
Trackaae (Gon.)—
MilesPenn. RR.— Penn. RR. Jet. to
Vintondale, Pa
18
Other
5
Y., to the
Leased-- Entire st'k
Johnsonburg
63
own'd—
& Bradford RR.--
Howard Juno,
to Mt. Jewett.
Leased— Stock not owned.
20
20
Trackage—
Allegheny & Western—
Erie—Mt. Jewett to Clarion J. 21
Punxsutawney to Butler ,Pa
Pitts. & West.— Butler, Pa., to
eto
63
Newcastle
41 Clearfield & Mahoning— Tf
Rlbold Jo., Pa., to Allegheny
Clearfield to Beeoh Creek RR. 26
City. Pa
33 Mahoning Valley RR
2
Willow Grove to Pittsburgh.Pa 7
Total July, 1905 (II See separate statement for this company) 567
Organization, Etc.—Successor In March, 1887, to the Rochester &
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorganization
In V. 41, p. 516. The entire capital stock ($4,000,000) of the Rochester
& Pittsburg Coal & Iron Co. is owned (V. 66, p. 1088) and through that
oompany in May, 1896, control was acquired of Jefferson & Clearfield Coal & Lron Co. (see Seo. of Apr., '05) with $3,000,000 stock. For
bonds of these coal oompanies see table above. Clearfield & Mahoning
securities are guar. Allegheny & Western, see below. In Aug., 1901,
allied Interests purchased upwards of 25,000 acres of coal lands in Indiana County, Pa., a 28-mile branch to Ernest, Pa., was completed
Aug, 1903; also 35 miles additional to reach coal lands near Vinton.
,
.
dale, Pa.,
18 miles being trackage.
V. 75, p. 183, 347.
A
18-mile
5g.
A.
&
O.
San Fran.
<te
New York.
Apr.
1,
1928
branch to other coal lands in Indiana Co., Pa., acquired in Dec, 1902,
by the same interests, was completed July 1, 1904. V. 77, p. 354.
8tock.— Common stock was authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000; of the new stock $1,000,000 was
issued July 1, 1902, in exchange for $1,000,000 convertible debentures, and of the balance stockholders subscribed to $1,300,000 at parthe proceeds to be used to build 45 miles of new road, the remaining
$700,000 being subscribed by stockholders at par In Feb., 1904,
to build 18-mile branch. See above. V. 75, p. 183, 347; V. 73, p.1009;
V. 74, p. 1250; V. 77, p. 354; V. 78, p. 228.
The stockholders voted Nov. 21, 1904, to Increase the common stock
fiom $9,000,000 to $12,000,000 to complete the Indiana branch and
lor other capital lequirements. Of the new stock, $ i, 500,000 was
subFcribe.1 for by stockholders at par, payable 50 per cent on Feb. 10
and 50 per cens on June 2, 1905. V. 79, p. 685, 1905; V. 80, p. 116.
Dividends (p. o.) ) '93 '94-96. '97. '98. *99. '00. '01. '02.. '03 '04. 1905.
1
Preferred
£
Common
1H
12
)
2
666666
4
5^
4
6
6
Bonds.— General 5s for $5,573,000 are reserved for prior bonds, etc.,
The $2,000,000 debentures of 1897 in the treasury in July,
1903 are convertible into common stock at par and BUbJeot to
at 102^; they are to be secured by any subsequent mortgage unless made for refunding existing prior liens or for extensions exclusively. See V. 64, p. 706; V. 73, p. 1009, 1111. R. & P.
Income 6s, $5,000. A sinking fund of 5 per cent will retire ser. A, B
and C equipment bonds annually on May 1, if purchasable at or below
par; otherwise to be applied to the purchase of additional equipment.
V. 68, p. 1131; V. 71, p. 501; V. 73, p. 348. Series D and E have an
annual sinking fund of 6 p. c. for purchase of bonds Sept. I and May 1,
respectively, at 105 and interest; if not purchasable, bonds may be
drawn by lot; Series E may also be called as an entirety at 105. Real
estate mortgages bearing 5 p. o. interest, $304,000.
EARNXNG8.-2 mos., ) 1905
Gross, $1,573,054; net,$718,570
July 1 to Aug. 31. > 1904
Gross, 1,384,411; net, 565,137
Annual Report.— Fiscal year ends June 30. The annual meeting is
held at New York on the third Monday in November. The report for
1904 05 was given at length in V. 81, p. 611, 673; see also editorial,
p. 6*7. In 1904-05 carried 6,234,260 tons of bituminous ooal (out of
9,266,734 total tons of freight moved), against 4.907,543 in 1903-04.
1905.
1904.
1903.
Tear end. June 30—
1902.
538
499
472
Miles June 30
472
$8,138,275 $7,496,521 $7,249,686 $6,292,584
Gross earnings
$2,818,733 $2,893,325 $3,028,082 $2,519,018
Net earnings
22,805
33,437
48,233
Other income
20,662
Total receipts
$2,871,538 $2,926,762 $3,076,315 $2,539,680
Interest on bonds.... $793,174
$778,030
$724,049
$731,472
Int. on floating debt
259
472,669
Rentals
485,835
477,698
476,251
Special appro'ns, etc.
618,774
660,188
1,043,723
640,994
Dividend on pref.... (6) 360,000 (6)360,000 (6)360,000 (6)360,000
Dividend on oom....( 6) 540,000 6) 498,000( 412)313,000 ( 4) 240.000
Balance
sr.$73,7 55 sr. $157,875 sr.$157,845 sr.$90,704
* In addition to this surplus there was received from investments and "cred
call
(
and loss account" $120,000 in 1901-U6, $320,000 in 1803and J100.00O In 1S01-02.
Officers.- Preet,, A. G. Yates, Rochester; Vlce-Prest., Adrian Iselin
Jr.. N. Y.; Treas., J. F. Dinkey, Rochester; Sec, J. H. Hocart, N. Y.
Directors.— Henry G. Barbey, A. G. Yates, A. Iselin, Jr.. W. H. Peckham, H. I.
Barbey, Walter G. Onkman, C. O'D. Iselin, J. H. Hocart, W. Bmien Roosevelt,
Ernest Iselin, Oscar Grlsch, John L. Riker, Samuel Woolverton.
Office, 36 WaUSt.-(V. 81, p. 558, 611, 665,673).
N.
Buffalo &. Susquehanna
(See Map.) Operates a line extending from DuBois, Pa., to Wellsville, N. Y., with several branch
lines, including 20 miles leased. Total mileage, 242. This includes extension of 70 miles from Sinnemahoning southwest to DuBois, Pa.,
where coal properties are located; operated from July 1 1905. V. 79,
p. 902. Has trackage rights from Stanley to Juneau, 15 miles, whence
extension is being built to Plumville, 2 3 miles, under charter of Southwestern Du Bois. V. 77, p. 768, 1301; V. 78, p. 102; V, 80, p. 710.
Buffalo Extension. -An extension Is also being constructed from
Wellsville to Buffalo, 84 miles, under charter of the Buffalo & Susquehanna Railway. See the Ry. Co. below and V.76, p. 593; V.74, p. 1037;
V. 75, p. 76, 665, 922; V. 79, p. 2091.
Buffalo & Sdsquehanh a Coal & Coke Co.-This company, the entire
stock of which is owned by the B. & S. RR., owns coal lands at Medix,
DuBois, Troutvilie, Big Run and Plumville, Pa. These lands are estimated to be underlaid with about 100,000,000 tons of coal and are
entirely free from liens. The DuBois property is in active operation.
V. 77, p. 1301; V. 79, p. 2091-2.
Powhatan Coal & Coke Co.—This company, all of whose securities
are owned by the B. at 8. RR., owns co»l lands at Tyler and at Sykesvllle, underlaid with about 26,000,000 tons of coking ooal.
Both its
plans are oompleted with the exception oi the coking ovens. The
output will go chiefly to Buffalo for the use of the Buffalo & Susquehanna Iron Co.
Stock.— Common stocn, all ercept $2,500 owned by B. <fe S. Ry.,
$4,555,500; par of shares $50. In 1902 $4,000,000 4 p. o. non-oum.
pref. stock was authorized, of which $3,000,000 was sold. See application to list, V. 78, p. 2389.
ited directly to profit
1904. $600,000 in 1902-08
Y
RR.—
—
,
„
,
RAILWAY STOCKS AND BONDS.
22
[Vol. lxxxi.
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Bellwoo
BUFFALO & SUSQUEHANNA
KAILROAD
AND
ITS
CONNECTIONS.
.
.
RAILWAY STOCKS AND BONDS.
Oct., 1905. J
RAILROAD8.
Miles
Date
Size, or
Amount
For explanation of column headings, Ac, see notes
of
Par
of
Outstanding
on first page of tables.
Road. Bonds Value.
Oambria <k Clearfield— 1st M. ($2,000,000) g.GP.c*
Bell's Cap consol. M. s. f. notdr'n
GuP.o
Clearfield
& Jefferson
1st mortgage.
M
103
30
46
GuP
&N.W., gen. M., $2.500.000
Cambria & Clearfield gen M., g
Camden <t Burlington County— Stock, 6
GuP.o
Pa.
1st
76
392
30
30
138
p. ot. guar.
,g..gu.p.Ai.byUn N.J.RR.&Can.Co GP.c*
Laoolle, &O.FC
Consol. 1st mort., #16,00
0. gold guar. p. & i.
Ottawa Arnpnor
Parry Sound 1st mort
Central counties 1st M., interest rental ..
Canada Mich. & Ohtc.— 1st mort. See V. 63, p. 838
Canada
All
—1st M.,
g., Ottawa to
1
&
1,000
459
404
404
16
let M. $14,000,000 (Can. money). SeeV.63.p.l88.
2d M. for $6,000,000. Canad'n money. Do.do.cfer
Learn. &8t. ClalrlstM.,gold, gu.,p.&i.(end)....c
Can.
L. Man. Rv.&Can Co., $8,000 p. m. 1
Can No. and Man Divs., $8,000 p.m
No—
—
1891 $1,000
1883 500 &o.
1886 500 Ac.
1890
l.oon
1905
1,000
25
1897
1,000
1889
1,000
1905
$ A. *
261
38
Canada Southern— Stock
Gilbert Plains Branch. $»,000 per mile
Ontario Div. 1st M. deb., £72.000 are 4ifl8. f
Manitoba Branch lines. *8 000 per mile
Manitoba branch lines, $1",000 p. m. Text 2"
1st con.de -.M. (Man. lines) $10,000 p.m cfcr
Qunflin Branch $10,000 per mile
Manitoba Provincial bonds, $8,(>00 per mile
Perpetual consol. debenture stock
deb. s ock, $1 3.000 p in., gu. by Can. Gov.
1st
1st land grant M.. red. 110 (V. 75, p. 183. 549)
Imperial Rolling Stock, 1 st M., ser. A, part due y 'ly
do
do v ser. B to F, $210,000 due y'ly
ser. G, $45,000 due yearly
do
do
do
do
ser H. $60,000 due yearly...
do
do
per. K. $100,000 due yeariy..
100
1878
1,000
1883 l.OOOAc
1895
1.000
1896
£100
I
287
1900
*ioo
£100
£10O
£&$
00
$500
£100
l.«
1903
£'00
.
Dividends.— On oommon, 4 p. 0. in 1895 and 5 p.o. yearly since to
190% inclusive, paid Q-J.; on preferred, 1 p. 0. quarterly June
since date of issue, beginning with Sept., 1902.
Bonds.—The 5 per certs of 1913 have been reduoed bv the operation
of the slnkinir fund and by refunding into 4s of 1951 to $<2 6.000.
They are subjeot to call at par for sinking fund in order of numbers,
beginning with highest. V. 65, p. 234.
The 4 per oents of 1951 are secured by a first refunding mortgage on
the entire proper^ and are further secured by deposits of purchase
money mortgages amounting to $ 1, 79' ',000 on coal lands of Powhatan
Coal & Coke Co , about 3,945 acres; outstanding, $6,521,0^0. Further
amount* May be issued at not over $25,000 per m. for the construction or
acquisition of additional road; also for new termin-i la, c- ntrol of coal
properties and for new equipment. V. 73, p. 619 Total authorized issue,
$15,000,000, but additional amounts at $15,000 per mile may be issued for double tracking mileage already covered by the mortgage.—
V. 73, p 619 899. Sink, fund of 3 oents per ton of coal mined to be
Invested in the bonds, if purchasable at not exceeding 110 p. o ; otherwise In securities legal for savings banks in the State of New York.
Earnings- For 2 mos. ending Aug. 31:
» tt.
*ro*s.
2 mos
Other inc.
Charoei.
I. sur.
1905
$243,253
$84, 66
$19,178
$46,526
$56,808
1904
1 6,557
6i,709
68,667
31.392
31,350
Bbpokt.—Report for year ending June 30, 1905, was given at
length in Chronicle Oot. 28 (see also edit .showing gross, $1,129,865;
net (over taxes), $376 620; other income, $190,861; total income,
$567,481; interest and rentals, $243,467; dividend on common 175,900; div. on pref., $120,000; bal., $28,1 14. In 1903 04, gross, $962,696; net, $327,196.- (V, 80, p. 710; V. 81, p. 612, 899.)
Oct.,
,
—
B
&
Siiaqi<ehanna Ry,- (See Mop.)—Under construction
from Wellsville to Buffalo, N.Y.. 84 miles, as an extension of the Buffalo & Susquehanna hailroad (which see above). Upon completion
of this line the B. &. 8. RR. will be leased for 999 years for interest on
bonds and a guaranteed dividend of 4 p. 0. yearly on the pref. stock.
The B. & 8 Ry. Co. has acquired nearly all the oommon stock of the
B. & S. RR. Co., and it will thus control, upon the completion of its
line abo t Jan. i, 190«, a railroad extending from Buffalo, N Y., to
DuBois, Pa., which, with its several branches, will have a total mileage of ah ut 33o miles. A fun her extension is under construction
from DuBois, Pa„ south to Plum ville, 23 miles, where lar* e coal lands
are controlled by ihe K. & S. RR. The Buffalo & Susquehanna Coal &
Coke Co. and the Powhatan Coal & Coke Co. (V. 75, p. 922; V 79,
p. 2o«l, 2o91 2) will also be controlled.
(See V. 76. p. f>93.) In Jan.,
1905, B. & 8 interests acquired control of 'he Buffalo Attica A Arcade
RR., Attica to Arcade, N.
Y., 28 miles. V. 80, p 47
Buffalo <& Susquehanna Iron Co., a closely affiliated corporation,
has erected on a tract of land adjoining the terminal property of the
B. & S. Ry at Buffal two bUst furnaces
(8ee V. 75, p. 922; V. 79, p.
206 1 2092.) The Railway Oo. will transport all the eoal and coke.
Stock..— Authorized, $10,000,000; issued, $7,122,200; par $100
Bonds.—The tirst 50-year trold 4*«s (authorized issue, $6,000 000,
of which $* 45' ",000 has been issued) are secured by a first lien on
terminal property at Buffalo and the 84 miles under construction in
New York State; also by deposit with the U. S. Trust Co. of hubstantlally all the common stock of the B.
S BaUoad Company. (V.
74, p. 1040). See V. 76, p. 593'. V. 79, p. 2695-(V. 81, p. 612 )
1
The
.
>
,
&
"Burlington."— See Chicago Burlington & Qoinct RR
Burlington Cedar Rapid* A: Northern By.— In 1903
title
Ch. R. L & Pao. Rv. Co., the holders of the
outstanding unexchanged stock (about $172,200— total issue $, 150.000) being guaranteed the payment of 6 per cent dividends J. -J, as
called for by tte lease. V. 79, p. 1718.
Batte Anaconda Pacific By.—See Sdpp. for Jan, 1903.
Calgary
By.—See this Section for July, fl05.
California Northwestern By.— Owns Uklah to north of Sherwood (JaL, 40 m. and leases San Francisco & North Pacific Ry., Port
Tiburon, Cal. (whence ferry to San Francisco. 6 miles), to Ukiah, Cal.,
106 miles, and branohes, 71 miles. In Aug., 1904, the North Shore RR.,
91 miles, was acquired by friendly interests. V. 79, p. 680.
Stock. $3,000,000; issued, $1.5b6,000; par. $100. Bonds are Issuable
at $25,000 per mile, being guaranteed by 8an Francisco & North Pacific,
leased for net profits for 20 years from Sept. 20, 1898.
Earnings— For 1 mo. ending July 31:
into.
Cross
Oharg°t.
Net.
Balance.
1905
$183,231
$87,046
$27,b87 sur.$59,l-9
1904
170,146
b7,593
27,047 sur 40,546
Year end. June 30, 1905 (217 m.), gross, $1,541,201; net. $413,036;
int. and sink
fund, $275,670; bal., sur., *137.366.
Pres., A. W.
Foster; V.-Pres., Geo. A. Newhall; Sec. and Comp., Thos. MeUersh
—(V. 73, p 444; V. 76, p. 751, 1142; V. 79. p 6b0.)
(The) Cambria
Clearfield By.—Cresson Jet. to Hoover's Mill
Branch Jet., oO miles: Bellwood to Horatio, 61 m.; Cresson to Irvona,
27 m.; Kaylor to Black Lick, 37 m.; Vail to <+rauipion, 50 m.; Bradley
Jet. 10 Cheiry Tree. 18 m.: branches, 149 miles; total, 392 m. A consolidation Aug. 1, 1903. V. 7», p. 828. Stock, $4,835,912, of which
$4,813,800 owned by the Pennsylvania RR. Co., which operates the road.
A full abstract of the mortgage securing 5s of 1891 was in V. 52, p. 976
Of these bonds, $624,000 were on Jan. l, 1905, owned by the Penn
was acquired by deed by
&
& Edmonton
&
5
g.
6
6
A.
J.
J.
4
F.
6
4
5
g.
£1,180,600 4
$1,400,000
&
(1)
4,»6C,666
669.000
349.000
£1 000.000
£ ,923,2*7
$2,000,000
1,1*0,148
1,*-' 80,000
405,000
600,000
1,000,000
&
&
F.
J.
J.
&
&
&
&
&
...
t.
F.
J.
M.
A.
Broad
do
do
do
do
St. Stat'n.
Broad
St. Stat'n.
J. Phlla.,
O.
J.
J.
<fe
J.
g.
g.
38O.«>00
5
Worthless.
15,000,000 See tei
5
14,000,000
5
6,000,000
130,000
£205,400
£468,200
£44,"00
&
J.
5
1
1P02 $1 ,000
1903 $or £
1904 $ or £
1904
1 05 500 &0.
23
Bonds— rriuolINTEREHT OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Slocks— Last
Cent.
Payable
Whom.
Dividend.
$1,279,000
145,000
1.000.000
1.021.000
1,010,000
381,925
350,000
3,450,000
4 981
1 000,000
$or£
•904
1902
M
Buffalo
„
.
.
A.
J. Phila.,
do
A.
Jan.
Apr.
Jan.
Jan.
Feb.
do
do
do
do
<fe
&
&
&
A. N. Y., Gr. Cent. Station Aug. 1, '05, Ik
J. N. Y., Union Trust Co
Jan. 1, 1908
8. N. Y., Union Trust Co
Mch. 1, 1913
O. Montreal, Bk. of Mont, Oct. 1, "
1945
Aug
1926
1929
Nov.
1930
June 30, 1930
June 30 1930
1930
June 30, 1930
June 30, 1930
Oct. 1, 1930
Feb.
413 g J
&D.30 London and Toronto.
&D30
J.&D.ao London.Toionto & N.Y
41*
3
J & D.30
M»i-Sao
London, Eng.
London. Eng.
& A.
& N.
& A
M. & S.
A & O.
414
1,
1,
1,
Nat. Tr. Co. Tor. or Lon.
4 g F.
5 g. M.
F.
5
5
a%
Feb. 1, 1927
Jan. 5, 19o»
Jan. I, 1955
.
4
4
4
4
4
1941
1913
1927
1930
1955
July, 1905,
do
&
Mont.
J. N. Y.,Bk.Mont.,
J. 1st coup, due Jan., '06
4
4
J
1,
1.
1,
1,
1,
Irredeemable.
July 10, 1953
Feb. 1, 1919
N.Y.C.Bk.ofCom.orTor Nov. 1, '05-12
do or London, En« Aug. 1, '06, '13
do Tor or London. Sept. 1, '0614
do
do
>905-19l4
N. Y„ Tor. or London Oct 1. '06-15
,
RR. The $1,000,000 Tyrone & Clearfield 5 p. 0. bonds, maturing Jan.
2, 191 1, have been oanoeleu and replaced by an equal amount of Cambria
leartield 4s. For year ending Ueo. 3
1904, gross, $2,247,628;
net. +442,379; other Income, $391; Interest, taxes, etc., $310,014.
(V. 77, p. 195, 298.)
&
1 ,
Camden A Burlington County BR.— Owns from Camden, N.J.
Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by Pennsylvania RR., which guarantees 6 p. con stock. Stock, £331,925; par $25. Dividends in Jan. and
July. In 1904, gross, $282,822; net. $2 l,o81; loss to lessee under rental,
$16,334. In 1903, gross, $331,598; net, $21,213 - (V. 64, p. 373.)
to
Canada Atlantic By.—Owns Depot Harbor, Ont., on Georgian
Bay, via Ottawa, to Vermont State line, 400 miles; trackage to Swan
ton, Vt., etc., 10 m.; leases for 99 years Central Counties Ry.
Glen Robertson to Hawkesbory, 21 miles, and South Indian to
Rockland, 17 m., and Pembroke & Southern Ry. branch from Pembroke
to Golden Lake. 21 m„ at 25% of gross earnings: total, 468 miles.
The Orand Ti unk acquired the road and took it over Sept. 30, 1905.
V 81 p. 1174.
The Canada Atlantic Transit Co., $1,000,000 stook, operates steamers from Parry Sound to Duluth, Milwaukee and Chicago. V. 69. p.
279.
<s of 1905 (authorized issue, $16,000,000; Royal Trust
Co., Montreal, trustee) are guaranteed, principal and in erest, by the
Grand trunk; $4,981,<»o. has been sold, +6,111 >o is Issuable in exchange for old bon is which have matured. $2,90^,000 is reserved to
retire the outstanding bonds and the remaining $2,00
00 for future
requirement* V 79. v. 967, 1131. 1641,2454; V. mo, p. 105*, 17 7,
v3*3. In Dec, 1904, the ' entral Counties Ry (leased line) proposed to
apply to the Canadian Parliament for authority to extend the road, issue bonds therefor and lease, se 1 or amalgamate with other companies. V. 79, p. 2746.
Stock., $6,200,000 oommon and $1,000,000 preferred, all issued.
Report— For 1903-4 in V. 79, p. 2641, showed: Gross, $1,761,300;
net above taxes and rentals, $4 23,611; net earnings of steamships,
etc. $35,523; net rev. for int., etc, $459,134— (V. 81, p. 1174.)
Canada Michigan St Chicago.— Bonds worthless. V. 63, p. 838.
Canada Southern By.— ( See Map New York Central <6 Hudson B.
Railroad.)— Ro ad—Main line from Suspension Bridge station, including the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc, 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London. Ont., 15 miles. Double traok. 152 miles.
Detroit River Tunnel Co. building tunnel under Detroit River; see
954; V. 70,
p.
rbe5i-year
>
<
Michigan Central RR.
Organization, Etc.—The oompany was ohartered In Canada February 28, 1868, and debt readjusted in 1878. In 1903 made a new
lease to the Mieh. Cent for 999 years, the latter guaranteeing dividendnon the stook at 2ifl p. 0. yearly to 1910. thereafter 3 p. c; also
authorized a moitgage to retire the existing bonds at maturity and provide for improvements. V. 76, p. 1191, 1247; V. 77, p. 950.
Dividends.— 1889 '90 '91 '92 '93 '94 '95 '96 '97-01 '02 '03 1904
81ncel888
2% 3*2 2% 3 3 3 2*3 2Jfl 2y'rly. 2»« 2
2\
Semi-annual divideno under lease, l 1* p. c, began Aug. 1, 1904.
Annual Report.— Prelim'y report for 1903 In V. T7 p. 2387; Canada
80 share of earnings, $355,088; bal Jan. 1, 1903. $;5,727; other income, $2,687; divs. (2^%) $375,000.— (V. 80, p. 1911, ?3i3, 2457.)
Canadian Northern By.—Operates from Port Arthur, Ont., on
Lake Superior, to Winnipeg, and thence into Northwestern Canada.
,
Miles
Port Arthur to Winnipeg
439
Winnipeg to Grand view.
207
Stanley Jot to Gunfllnt...
67
Carman Jet. to Learys. ......
63
Delta Jet. to Delta
15
.
.
Miles.
Slfton Jet. to Winnippgosis..
Portage, Jot. to Pembina
Morris to Brandon
Hartney Jet. to Hartney ....
Emerson to Rldgevilie
W innipeg transfer line
21
6S
143
51
12
6
NeepawaJctoMcCrearyJct.
70
Gilbert Plains Jot. to Erwood 191
Total June 30, 1904 (including 351 m. leased from N. P.)
1,350
There are also under construction 620 miles from Grandview to
Edmonton (of whloti 273 were operated in April, 1905.) and 100 miles
from Prime Albert easterly, to be completed in 190 -, and between
300 and iOO miles of branch lines in Manitoba; other lines contem-
plated will bring total mileage approximately to 2,788 miles. See
V. 79, p. 2696.
Organization.— William Maokenzle of Toronto, Senator George A.
Cox and the Canadian Bank of Commeroe are floating the enterprise.
The Great Northern Ry. of Canada (see that company) and affiliated
lines passed In 1903 under control of Northern Consolidated
Holding Co., and will afford a through line to Quebeo and Montreal.
See Great Northern Ry. of Can. and V. 76, p. 704; V. 79, p. 151, 2*54.
The Manitoba lines of the Northern Pacific Ry., 351 miles, are
sublet from the Provincial Government for 999 years from May
30, 1901, at *210.000 annually for first 10 years, then $225,000
for 10 years, then $275,000 for 10 years, and thereafter $300,000, with
option of purchase for $7,000,000. Manitoba Government has option to
purchase entire property in 1929. See below and V. 72, p. 437; V. 73,
p. 615.
Land Grant.— Of the entire land grant, 2,455,466 acres, about 363,000 are held for account of Manitoba Government in connection with
Bonds below and
5
.
.
RAILWAY STOCKS AND BONDS.
24
RAILROADS.
&o., see notes
Date
Size, or
of
of
Par
r
Canada Central RR. 2d mortgage (now 1st)
269
370
8uebec Pro v. due on Q. M. O. & O. and N. 8. RR
an. Pacific, 1st mortgage debenture sterling... 3,221
183
lstmort. on Algoma Branoh, gold
o*<fcr
Land grant bonds, int. gu. by Can. Gov't. ..c*<fcr
Consolidated perpetual debenture stook
Securities of Principal Leased, etc., Li NE8.
Manitoba S. W. Col. R'y $12,000 p. m., int. guar.g 218
Atlantic & Northwest— 1st mort. gold, guar..o*<fcr 350
58
St. Lawrence & Ottawa— 1st mort., gold, see text
Ontario & Quebec stock guaranteed in perpetuity
671
Ont. & Que. deben., interest guar, in perpetuity.
Toronto Orey & Bruoe, 1st M., gold, int. as rental. 191
Hew Brunswick Ry.lstM.,gold,int.fromrental.c* 174
Perpetual consol. debent. stock, int. guar
Calgary & Edmonton deb. stock, g.,int.as rental.
52
Branch line bonds, $1,040,000
40
Lindsay Bobc. & Pontypool 1st M., $700,000, g.
Minn. St. P. & S. 8te. Marie and Duluth So. 8ho re&A
Cane, Bell—1st mort., $3,000,000, red. aft. 5 yrs.,
g.
All
Carolina Central— Bonds—See Seaboard Air Li ne Ry
41
Carolina Northern— 1st mort., $500,000.GuP....
46
Carthage <t Adir.— 1st M. $1,600,000 g. gu., V n.c*&r
29
Carthage Water.it Sack.Har.—l&tbl. g.,gu.p.&i.en<L
Oatasauqua <6 Fogelsville—1st mortgage, g.PeP.o*
'98
gu. P. & R. Ry. See text.
Oatawissa— Pref stocks, 5%
C 103
1st consol. mort., $2,215,000, gold.PeP
16
Oatskill Mountain— First mortgage
1 st Income bonds
34
Cayuga <t Susq.—Stock, 9 p. c. rental D. L. &
.
W
1880
£100
A 100
82-'83
1885 *ioo&o
1888 4100 &0
1888 £100 &c
1889 £1 &c.
1883
1884
1890
1890
1905
1903
£1
£100
£100
£1
i
—
Canadian Pacltlc Ry.— Road Own a transcontinental railway
from Montreal to the Pacifio Ooean, made up as follows July 1, 1904:
Montreal to Vancouver
2,905 Under construction July 1,
Branches and auxiliaries
2,120
1905
481
Leased lines
3,450 Operated aoot. of owners
438
Used jointly
93
Also controlled but op. sep.—
& Sault Ste. M.1,829
HDuluth South 8. <fe Atlantic 565
Total In traffic returns
8,658
USee each co's statement.
History, Etc.—Incorporated Feb. 18, 1881, under charter from Do
minion of Canada, receiving $25,000,000 In oash as a subsidy, also
25,000,000 aores of land, all to be (it for settlement. In Feb., 1903, 1
steamships for trans-Atlantio service were purchased for £1,417,000,
and in June. 1903. acquired Canadian Pac. Navigation Co., operating
to Alaska and Vancouver Island points. V 76, p. 435, 479. 1354.
In May.. 1905. the Esquimau & NanaimoRv..Victorla to Wellington,
B.C., 78 miles, was acquired. V. J-0, p. 711, 96, 2457.
Stock.— The issue of preferred must never exceed one half the common stock. In 1902 the common stock was increased from $65,000,000
fiMinn. St. P.
:
to $P5,000,000, $19,500,000 of the new stock being sold to the stockholders at par. V. 74, p. 267, 378, 829; V. 75, p. 553, 665. The stockholders voted Oct. 5, 1904, to increase the common stock to $1 10.000,000. Of the $25,500,000 new stock. $16,900,000 was offered to stockholders at, par, payable 20 p c. Nov. 30, 1904, and 20 p o eaoh on
Jan. 30, Mar. 30, May 31 and July 31, lv05, or optionally all at any
time, the new stock being entitled to dividend for half-year ending
June 30, 1905. V. 79, p. 902, 1028, 1461, 1641, 2146.
Preferred p.c.
)
2^
5 y'rly
Issued in 1894.
2%
4
4J*
p. ct.
4
London, Co.'s
4^
03. '04. '05.
5
5>«
5»a 5
yearly (2 A. <fe o.)
6
6
Bonds, Debenture Stock, Guaranteed Bonds, Etc.— In May»
1888, the company relinquished its exclusive right to operate in Manitoba lines to the International Boundary, receiving the Dominion Government guarantee of Interest on $15,000,000 of land bonds. These
bonds were a lien on 14,680,100 acres of land. The proceeds of lands
covered thereby are being deposited with the Government from time
to time towards liquidation of the company's liability; to Oot., 1904,
$7,000,000 was so deposited. V. 77, p. 636, 1221; V. 79, p. 1027.
List ol securities held against consot. debenture stock in V. 81, p. 903.
In June, 1890, company agreed to guarantee the principal and interest of $20,000,000 4 per oents, to be issued by the Duluth South Shore
& Atlantic; also 4 per cent interest on oonsol. bonds of the Minneapolis
&
&
&
M &
A. &
F. &
J. &
500,000
5
A.
1,100,000
4
300,000
135,000
3,200,000
2,215,000
50,000
238,000
589,110 See
5
J.
J.
J.
4
5
4
5
6
text.
<fe
3%
2%
N. Y., 59 Wall & London June 1, 1934
London, Baring B. & Co. Jan. 1, 1937
Can. Pao. office, London.
See text.
Montreal and London. June.1905,3%
London, Morton, Rose. Irredeemable
Toronto and London.
July 26, 2882
London,
Aug. 1, 1934
do
Irredeemable
Can. Pao. offioe.London.
2002
Can. Pac. office, Montr'l
1955
Bit of Mont'l, Toronto. July 1, 2002
<ft
J.3&
Oot. 2, '05,
Oot. 2, '05.
Nov. 1, 1910
Mar. 1, 1906
London, Baring B. & Co. July 1, 1915
do
do
July 1, 1937
do
do
July 1, 1938
London, Comp'ys office. Irredeemable.
-
£719,000
£630,000
£8*8.300
£1,121,700
&Lon.
office.
Montreal.
Montreal.
l
£4,007,381
1899 500 &0.
1892
1,000
1891
1,000
1898
1,000
50
1,000
1898
1885
1.000
1885 100 <feo.
30
I
) '90-'94.'95. '96. '97. '98. '99. '00. '01. '02.
N. Y., 59 Wall St.
J.
1,000
1,040 000
J & J.
1 ,000
500.000
4 g. J. & J.
tlantio -See st atements of those co mpanie
1901
1,000
5 g. J. <fe D.
$750,000
;
c. >
973,333
7,000,000
34,998,633
3,650,000
8,000.000
89,200,549
1884 $1,000
2,544,000
1887 4100 &c £1,330,000
1876 £50 &e
£200,000
100
2,000,000
guaranties, 533,000 for account of Dominion Government as security for a mail contract subsidy, the remaining 1,500,000 to be sold
from time to time through a selling agenoy; V. 76, p. 1083. See V. 75,
p. 183,549; V. 81, p. 263.
On May 24, 1904, rhe company, it was stated, agreed to purchase
from the Manitoba Government 256,0^ acres of Hudson's Bay land
grant for $156 per acre, payable $20,000 cash, balance in 6 yearly
instalments, beginning Nov. 10, 1904, with 5 p c. int. V. 80, p. 710.
Stock.—June 30, 1904, authorized $25,750,000; par $100; all paid.
Bonds.— On Winnipeg and Saskatchewan divisions there have been
issued first mortgage bonds, guaranteed prlnoipal and interest, by the
Government of Manitoba, at $8,000 per mile also seoond mortgage
bonds, unguaranteed. $2,000 per mile. See V. 75, p. 1353; V. 71, p. 235.
In July, 1903, Canadian Government guaranteed 50-year fi,r*i mort
gage 3 v. c debenture Hock, at $13,000 per mile, for the construction of
620 miles from Grandview to Edmonton and 100 miles from Pnnoe
Albert easterly. See "General Finances" below and V. 80, p. 1234;
V. 76, p. 129 '.
In Dec, 1904, $4,866,666 (£1,000,000) first consol. mort. debentures
on Manitoba lines, euaranteed, principal and Int., by Government of
Manitoba, were sold, being part of an authorized issue at $10,000 per
mile V. 80, p. 116; V 78, p. 1274; V. 79. p. 2794.
In Jan.. 1905, the Manitoba Government was asked to guarantee
$2,890,0i><> additional bonds, viz.. $ ,<>00,000 for Winnipeg terminals,
a line to Oak Point on Lake Manitoba and bridge over Assinlboine
River, and $1,890,000 for 189 miles of branches. V. 80, p 710.
The Ontario Division 4ks (see V. 72, p. 338, 437.) were mostly
in 1902 exchanged for 4s, guaranteed, principal and int., by the Govt,
of Manitoba. V. 74, p. 882; V. 75, p. 1398; V. 71, p. 235.
In 1903-.''. £1,000,000 perpetual ontohdated debenture stock was issued to acquire securities of controlled properties. V. 76, p. 1247; V.
77, p 87; V. 80, p. 996. As to Imperial rolling Stock 5s of 190,;. see
V. 75, p. 1353; of 1903. V.77, p. 1746, 1873; of 1904. V.79, p. 1641.
Great Northern Ry. of Canada bonds are guaranteed. V. 79, p. 2454.
General Finances —Late In 1 904 and early in 19»5 there were sold
$4,86«,666 first oonsol. mort. debenture 4s (V. 80, p. 116); £400,000
perpetual consol. debenture stock (V. 80. p. 996); and £1,9?3,2*7 1st
M. debenture 3 p. o. stook (V. 80, p. 1231). See also " Bonds" above.
Gross, $753,000; net, $254,200
Earnings— 2 mos.,)1905
Gross, 606,6JO;net, 190,600
July 1 to Aug. 31, S 1904
Report.— Report for year ending June 30. 1904, was in V. 80, p.
1231. In 1904-5. gross, $3,871,800; net $1,260,900. In 1903-4, gross,
$3,242,702; net. $1,121,930; charges, $805,528; sur., $316,402.
President, William Mackenzie; Vice-President, D. D. Mann; Treasurer, A. W. Mackenzie; Secretary, W. H. Moore. Office, Toronto, Can.
Directors- Wm. Mackenzie, D. D. Mann, Z. A. Lash, Frederlo Nloholls
and J. M. Smith.— (V. 80, p. 2457; V. 81, p. 263.840, 1043.)
Common p.
& O.
& O.
Various
6
* 90 A. & O.
5 g. J. & J.
o g. J. & J.
3>2g. J. & J.
4
J. & J.
J. & D.
t g
5 g. J. & J.
15J.&D.
(6) 4
J. & D.
6
J. & D.
5
4g. J. & J.
A.
5 g. F.
4
J. & J.
100 101,400,001 6 in 1905 A.
4
A.
37,853,333
auth..
Pref. stook limited to 4 p. c, non-cumulative
DIVTDEND8—
Amount
Road, Bonds Value.
Canadian Pacific—Stock, $110,OCO,000
Vol. lxxxi.
Bonos— PrlnolINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When
Outstanding Cent. Payable Where Payable, and by Stocks— Last
Whom.
Dividend.
Miles
For explanation of column headings,
on first page of tables.
I
s.
New York
or St Louis.
June
1,
1921
O. Phila., Gu.T.&S. D.Co.
D. N.y. Grand Cent.Stat'n
do
J.
do
Philadelphia, Pa.
J.
N. Philadelphia Co.'s offloe
Apr. 1, 1929
Dec. 1, 1981
July 1, 1931
July 1, 1928
Mayl9,'05,2i*
O.
do
do
Apr. 1, 1943
A. C'skill.N.Y., Tan.NLBk. Aug. 1, 1905
Divid'd pd. Sept. 10,'97. Aug. 1, 1915
J. New York, 52 Wall St. July '05, 4ifl%
St. Paul <fc Sault Ste. Marie and in 1899 interest on the 2nd mortgage
4s of the latter, and in 1901 interest on $1,251,000 Mineral Range 4
per cent bonds, the last-named being all owned June 30. 1903.
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. S. & At. consols. $15,107,000.
To the Atlantic <k Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of Interest money.
8t. Lawrence <k Ottawa bonds are endorsed with the Canadian Paoiflo's
acceptance of a 999 years' lease at a rental sufficient to pay 4 per oent
interest on bonds, and the bondholders' agreement to aooept interest
at 4 per cent (Instead of 6 per oent as formerly) and to refrain from
demanding principal (due 1910) during continuance of lease.
The New Brunswick Railway consolidated debenture stook has
interest guaranteed by C. P.; interest on the first mortgage bonds,
though not guar, is paid out of rental under 990 year lease of 1890.
The Calgary <£ Edmonton Ry. debenture stook Is guaranteed Interst at 4 per oent under new lease of 1903. V, 76, p, 435; V. 77, p, 636.
Tlie Lindsay Boboaygeon & Pontypool Ry. bonds are Issued under a
99-year lease covering the interest, V. 77, p. 1225, V. 79, p. 2085.
Lands.— Lands unsold June 30, 1905, were 10,415,754 acres of Canadian Paoitio grant and 3 19,527 aores of Manitoba South Western
grant, 128,700 Great North West Central grant, 3,542,2 38 British Columbia Southern and 139,242 aores of Columbia and Kootenay grant;
total. 14,545,457 aores. In addition there will be aoqulred through
the Columbia & Western Ry. about 2.500.000 aores.
Total sales in
1904-05, f>09,386 aores, for $2,446,300. Tax decision, Feb. 27, 1905,
V. 80, p. 996.
As to land grant bonds of 1888, see V. 75, p. 793; V. 79, p. 1028.
General Finances.— In 1902 stockholders subscribed to $19,500,000
new common stook at par. V. 74, p. 378.
Stockholders on Oot. 4, 1905, authorized the issue of oonsol. deb.
stock at not over £3,000 per mile, to construct extension of Souris
branch, 122 miles, and £800,000 to build 2 new steamers; also the
lease of certain lines and the expendttureof $7,500,000 forequipmeut.
In Aug 1905, double-trackiug between Fort William, Ont., and Winnipeg, 427 miles, was begun, at a cost of about $10,000,000. V. 81,
p. 667, 1170.
Gross, $9,425,909; net, $3,429,424
Earnings.— 2 mos., \ 1905
Gross, 8,873,072; net, 2,977,583
Julylto Aug. 31. J1904
Annual Report.— Fiscal year ends June 30. Annual meeting Is
held at Montreal on the first Wednesday in October. The report for
1904-5 in full was in V. 81, p. 895, 902. See also editorial p. 874.
1904-05.
1903-04.
1902 03
Miles operated end of year....
8,658
8,332
7,748
Passenger earnings
$13,583,052 $12,418,419 $11,001,974
29 235,821
Freight
31,725,290
28,502,082
5,173,540
Mail, express and miscell
4,814.892
4,453,318
Total earnings
$50,481,882 $46,469,132 $43,957,374
Net earnings
$15,475,088 $14,213,105 $15,83<i,846
1,584,664
1,691,269
1,28 6,812
Interest reoeived
,
,
$17,059,752 $15,904,374 $17,123,658
$7,586,097
$7,052,196
$7,954,066
230,000
For steamships, eto
230,000
150,000
Dividends on common st'k... (6) 5,577,000 (6)5,070,000(5^)4,647,500
Dividends on pref. stook
(4)1 ,352,073 ( 4)1,300,000
4) 1,514,133
(
Balance, surplus
$1,784,553
$1,666,204
$3,973,962
New directors, Aug., 1903, V. 77, p. 348— (V. 80, p. 1174, 2457, V.
81, p. ««5, 667, 776, 895, 902, 1099, 1 1 TO, 1174.)
Cane Belt RR.— Sealyto Matagorda, 93 miles. Branch to Garwood, 9 miles, building. Lincoln Trust Co. of St. Louis is the
mortgage trustee. Bonds are issuable at $15,000 per mile, but all
bonds above the $750,000 now outstanding will be In subordination
to the lien of the latter on the present mileage. V. 77, p 2338. Stock,
$100 000, all acquired in Nov., 1903, by Atoh. Top. * Santa Fe, which
leases the road for f>0 yea^s from July, 1905. V. 77, p. 2097.
Year
ending June 30, 1904, gross, $207,776; net, $8,967 —(V. 77, p. 2338.)
Carolina Central RR.—See Seaboard Air Line Ry. Co-
Fixed oharges
RR.—
Owns from Lumberton, N. C, to MaCarolina Northern
rlon, S. C, 41 miles. V. E. McBee of Marlon, 8. C, is receiver. Receivers' certificates (6s) outstanding Dec. 31, 1904, $49,114; V. 76, p.
211. Siild in foreclosure Oct. 17, 1905, to bondholders' committee
V. 81, p. 1241
Stook, $500,000, all outstanding; par of shares $10.
For year ending June 30,1904: Gross, $54,302; net, $19,616; total
deductions, $39,368.— (V. 81, p. 725, 1241.)
Carolina
ic
Northwestern Ry.— Owns
standard-gauge road
Chester, S. C., to Lenoir, N. C, 110 miles. In May, 1903, extension
was proposed from Freeland, N. O, near Lenoir, to Blue Ridge Mountains, 45 m. Reorganization in 1897 of Chester & Lenoir, foreclosed.
In Mar, 1900, nearly all stock was acquired by a syndicate. Stook
authorized, $1,000 000 eaoh of common and 4 p. o. non-cum. pref.;
outstanding, Aug. 1903, $859,650 common, and $550,000 pref.
stock. Of the 50 year 1st gold 5s, due July 1, 1953, (Standard Trust
Co. of New York, trustee), $1,500,000 were used to retire all underlying bonds and $1,000,000 are applicable to extensions, new equipment, eto. Year 1903 04(110 miles), gross, $241,040; net, $66,125;
total deductions. $82,4:0; bal., def., $16,295. Prest., Wm. A. Barber.
5 Nassau St., N. Y.-(V. 70, p. 893,1095; V. 76, p. 541; V. 77, p. 348.)
Carson &. Colorado Ry.— See Nevada <fe California.— V. Hi, p. 1242.
.
. .
..
RAILWAY STOCKS AND BONDS.
Oct., 1905. J
RAILROADS.
Date
Miles
Size, or
Amount
Par
of
of
For explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Cedar Rapids Iowa Falls
Northwestern— See Oh ICAGO
<6
Rock Island & Pacific R
.
1898
1899
1895
1895
1895
1895
1901
1897
1896
1901
1897
1905
1895
1895
1895
1887
100
Central Branch— Cent. Br. U. P. IstM., g.l)n...c*
288
Central Branch, lstmort., guar., gold
Cent. of Georgia Ry.—lBt M.,$7,000,000,g.G.0*<fcr 312
c*Ar 1,400
Consol. mortgage, $18,500,000, gold
Mob. Dlv. 1st M.(Columbus to Andalusia) g.G.o* 138
Maoon & No.Dlv. 1st M., $840,000. gold.MBa.o* 102
77
Ooon.Dlv. 1st M., Brew, to Dover, $6,000 p.m.S.o*
Mid. Ga. A At. Div. 1st M.,$9,000 p. m.,our Go* Text.
21
Eatont. Br. let M. not guar, by Cen. Ga., g
164
Chatt. Div. puroh. money M. $2,400,000, g S.o*
Id.
138
Chatt. Rome A So. 1st M. $500,000, go
Pur.mon. lstM..g.,red. 102 ^, $15,000 due s.-a.N
1st prel., Incomes ) Interest up to 5 p. o., Mp.
. ->•
gold, If earned. Ce
do
>
2d do
Me
Me
Co'
.
3d
do
do
Oent.
)
non-cumulative
RR.& Bk. coU.tr. b'ds, g., red.
Equipment trust notes June
Locomotive
30,
Ma
at llO.Ce.o*
Guaranteed, etc., securities.
c*
Ocean SB. Co. 1st mortgage, gold, guar.Ce
St'msblp b'ds.g.aes'd by O.88.Co.,$69,000 due s.a.
Augusta A Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)
Chattahoochee & Gulf, stock
$2,000,000, int. rental, s.f.,red.l02i?
CentJnd.— 1st M., $4,000,000, gu.p.<fei.,end.Ce c**r
Central Massachusetts -See Boston A Maine RR,
Central New England— Common stock
Preferred stock, 4 per oent
1
1st M., $1,250,000, call at 105 after 1904.
r
Gen'l mort., 5 p. o. incomes. $8,500,000.
Central Ohio—See Baltimore & Ohio.
1st M.,
g.,
FPe
FP
Cartbage & Adirondack: Ry.- (See Map
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
'00-1-5
'02-3-5
1,000
1890
1905
& car trusts, pay'ble$131 ,000s.-an.o
1,000
•»
1903-4
100
100
100
53
333
91
117
1900
1903
1,000
1,000
100
100
58
58
1899
1899
1,000
1,000
N. T. Central.)— Owns
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
500,000, is owned by the New York Central RR., which in May,
f 893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)
Cartbage Watertown
& SacKews Harbor RR.— (See
Map
N.T. Central. )— Ownsfrom Carthage to Sackett'sHarbor.N.Y., 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stock and
A O. for 37J9 p. o. of gross
guarantees the bonds. Leased to R.
earnings. Rental in 1904 05, $44,853; in 1903-04, $42,090; in 1902 03,
$42,525 Capital stock $465,845 common and $21,500 preferred.
W
Catasauqua & Fogelsvllle Kit.— Road from Catasauqua, Pa., to
RittenhouseGap.Pa., 29-5 miles. Opened in 1857; in 1890 the Phila
delphla & Reading acquired control through ownership of a majority of
thecapital stock of $426,900 (par, $25.) Of the stook $254,125 is owned
by Reading Co., $251,625 being deposited as part securitv for Read,
gen. mort. of 1897. For year ending June 30, 1905, gross, $117,638;
net, $63,938; deductions, $11,533; divld'dB, $29,883; bal., sur., $22,522.
Catawissa RR.—Owns from Tamanend, Pa., to Newberry Jo., Pa.98 miles, and branches, 6 miles. Re-leased Deo. 1,1896, for 999 years
to Philadelphia A Reading Ra il way. Rental, interest on the bonds, 5
p. o. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 969, 1116. Of the preferred
stooks in 1905 $2,200,000 was first preferred and $1,000,000 seoond
preferred and common was $1,159,500; par $50.— (V.72, p. 1187.)
1 atskill Mountain Railway.— Owns narrow-gauge road from
Cat skill, up the Catsklll Mountain, to Palenville, N. Y., 16 miles leases
Cairo RR., Cairo Junotion to Cairo, N. Y., 4 miles; total, 20 miles.
Btook, $89,000. There are also second incomes for $15,600 6 p. o.
Earnings.— Year ending
First Incomes have one vote for each $100.
;
June 30, 1904,
Cayuga
gross, $53,642; net, $14,626; interest, etc., $11,773.
& Susquebanna RR.— Owns from
Susquehanna River
N. Y., 34 miles. Leased during length of charter and renewals thereof to the Delaware Lackawanna & Western at a rental of
$54,600 a year. Dividends paid are 9 per cent yearly, with an occasional extra amount; In 1904, 9 *« p. o. was paid.
Central Branch Ry.—Owns Lenora to Atchison, Kan., 293
miles; Jamestown to Burr Oak, Kan., 33 miles; branches, 62 miles.
The $3,459,000 1st 4s of 1899 are guaran
8tock, $7,585,000.
teed, prin. and int., by the Mo. Pac. (see V. 68. p. 329). Form of guaranty V. 70, p. 279. For calendar year 1904, gross, $1,649,048; net,
$696,864; other receipts, $7,622; Interest, $238,360; taxes, $97,773;
miscellaneous, $13,655; balance, surplus, $354,698.— (V. 73, p. 31.)
t i Ithaca,
Central of Georgia Railway.— (See Map).— System
Miles.
Lines owned in fee.
295
Savannah to Atlanta
86
Gordon to Porterdale
Columbus to Birm'gham,Ala. 156
62
Columbus to Amerlcus
80
Montgomery to Euf aula, Ala.
49
Columbus to Greenville, Ga.
36
Opelika to Roanoke
60
Euf aula to Ozark
Griflin,Ga.,toChat.,Tenn, etc 198
18
Chickamauga to Durham
18
Savannah to a ybee
Andalusia
138
Columbus to
Junotion to Athens.
102
Macon
77
Brewton to Dover
Barnesville to Thomaston
16
9
Lyerly Branch
.
Smithville to Columbia
Cuthbert to Fort Gaines ...
A Savannah RR.—
144
12
71
85
21
Columbia to Lookhart
Trackage
,
t
I
I
53
91
1
Total oper.July, 1905... 1.878
Also Meldriin to Lyons, 58 miles,
(leased to Geo. & Ala. Ry.
—Seaboard Air Line sys.)
.
Ocean Steamship Company,
estimated equivalent of
1,400
300
Extension is under construction from Greenville to Newnan, Ga..
under charter of Greenville & Newnan Ry., 25 miles; incorporated in
May, 1905, with $10,000 stock; the present line from Columbus to
Greenville, 49 miles, to bemade standard xauge; also 10^-mile branch
from near I eeds, Ala., to ooal fields, to be completed about Dec. 1.
V. 80, p. 2457; V. 81, p. 210.
Okganization—Organized Oot. 17, 1895, and Nov. 1 succeeded to the
properties of the Central RR. A Banking Co. of Georgia, foreclosed
Ser plan in V. 60, p. 1008 and V. 61, p. 68 Chattanooga Rome A
outhern was merged June 1, 1901. V. 72, p. 674, 721, 987, 1134.
Stock.— $5,000,000 held by interests allied with Southern Ry
Bonds.—The first mortgage of 1895 (described in V. 63, p. 1160) is
a first lien on the main line from Atlanta to Savannah, including the
Milledgeville branch (312 miles in all), all equipment and appurtenances and the equity in $1,995,000 of the capital stock of Ocean
Steamship Co. of Savannah. Trustee, Guaranty Trust Co. of New York,
rlv. was paid on Ocean Steamship stook in 1905. V. 81, p. 723.
o -on for listing firsts and consols, in V. 63. d. 1160.
The consolidated mortgage (see abstract in V. 61. p. 873, also see
V. 63, p. 1160) is a nrst lien upon 600 miles [including former
Mont. & Eufaula RR., Sav. & Western and Sav. & Atl.J; also ol
the leases of the South Western and Augusta & Savannah roads and
the stock of New England & Savannah Steamship Co., and a, second
lien upon the main line. Its equipment, etc., and also on the Macon
A Northern, Mobile A Girard, and other divisions. It also covers all
Total
. .
|
Bonds— PnnclINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Dividend.
Whom.
Payable
Cent.
r.
$2,500,000
g J. & D.
t K
P. <fe A.
3,459,000
5 g P. & A.
7,000,000
M. & N.
5 g
16,700,000
5 g J. A J.
1,000,000
5 g J. A J.
840,000
5 g. J. A D.
462,000
5 oar J. & J.
413,000
5 g. J. A D.
168,000
4 g. J. A D.
2,057,000
343.000
5 g. J. A J.
4 g. F <* A.
600,000
4,000,000 5 in 1905 Oct. 1
7,000,000 5 in 1 905 Oot. 1
4,000.000 Din 1905 Oct. 1
5 g. M. A N.
4,880,000
4ifl&6 Mo.* qu
326,997
Various.
1,462,000
4>fl
N. Y., Merc Trust Co.
June
do
N. Y. GuarantyTrust Co.
do
do
do
do
do
do
do
do
do
do
Savannah, Ga.
Feb.
-t
1,000,000
855,000
1,022,900
5,191,100
436,400
378.000
1,500,000
3,450,000
3,150,000
1,060,000
7,250,000
J.
J.
J.
J.
J.
J.
M.
is
5
<te
Nov.
Nov.
Jan.
Jan.
Deo.
Jan.
York.
1,
June
June
1,
1,
1,
1,
1,
1,
July
N. Y., Guar Trust Co.
N. Y., Union Trust Co.
New
1,
1,
1,
1.
1948
1919
1945
1945
1946
1946
1945
1947
1926
1951
1947
Fb.'06-A'g.*2S
1945
1946
1945
1937
1910
To Jan., 1912
Nov. 1,
Nov. 1,
do
do
Nov. 1,
do
do
N. Y., Guaranty Tr. Co. May 1,
To Jan.,
do
do
N. Y., Gu. T. Co. or Sav.
•
N. Y., Blair
J. N.Y.,
& Co.
Guaranty
N. Y., Blair
&
Tr. Co,
Co.
July 1, 1920
To July. 1911
July,'05,2i«%
Savannah, Ga.
Savannah and Maoon. July, '05, 2i«%
Bk
July 1, '05,2ia
July 1, 1930
N. N. Y., Central Trust Co
Mayl, 1953
Savannah, Ga.
J. Sav., Ga., Citizens*
eld in tr ust for ten years, or un til 4 per oent
d on gen eral mortgage for two years.
Feb. 1, 1919
F. A A. Fid. I.T.& S.D.Co., Phil
Feb. 1. 1949
Yearly, if earned.
Oct. 1
JTobeh
S
&
A
&
A
A
&
Do
pai
g
5 g
leaseholds, securities, etc Itmaybe increased to $18,500,000, at not
more than $500,000 in any one year, for betterments and equipment.
Macon <6 Northern Division bonds are also direct obligations of the
Central Ry., with first lien from Maoon Jot. to Athens, Ga., 102 miles.
Kiddle Georgia <6 Atlantic Division bonds are issued at $9,000 per
mile, of which $8,000 was for purchase of road and $1,000 retained
by Cent, of Ga. for betterments; subject to the Eatonton Branoh
bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
At. Division.-(V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
M. Ga!
The preference income bonds, subjeot to the prior mortgages, cover
the main line and the former Savannah A Western, Columbus A Rome,
Montgomery A Eufaula, Mobile A Girard, Macon A Northern and
Savannah A Atlantio and other RRs., and their equipment, etc; also all
leaseholds, securities and equities of properties acquired by the new
company. They are non-cumulative and bear interest not exoeeding 5
per oent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust. In Oct., 1905, It was arranged to attach coupons to income bonds. V. 81. p. 974, 1174
Upper Oahab • Branch bonds are seoured by coal lands in Northern
Alabama and 10i«-mile branoh. V. 81, p. 920, 1099.
'01. '02. '03. '04. '05Dividends) 1896. '97. '98. 1899. 1900.
6
2
On 1st pref. Incomes.
3k 5 3 5 5
2k 2
&
On 2d pref.
On 3d pref.
IHa
JOO
mortgage
incomes.
incomes.
f
OO
00
was
00025
00005
in V. 45, p. 242.
first lien on the former Chattanooga Rome A Southern RR., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chickamauga, Ga., 17 miles, with
branches, In all 164 miles, subjeot to $343,000 old 5s, for which a like
amount of bonds is reserved. V. 72, p. 1134; V. 78, p. 1446.
Gross, $1,705,780; net, $447,126
Latest Earns., 2 mos. >1905
Gross, 1,471,643; net, 361,687
$1904
July 1 to Aug. 31.
Collateral trust
abstract
The Chattanooga Division mortgage
is
a
Annual Report.— Report for 1904-05
1905.
Years end. June 30—
at length in V. 81, p. 723, 919»
1903.
1904.
$10,135,055
7,091,527
326,439
$9,396 931
6,864,509
322,877
$9,164,470
6,822,732
269,817
Net earnings from operation. .$2,717,088
248,364
Other sources
$2,209,545
220,661
$2,071,921
192,413
$2,965,453
Total net income
$1,672,044
Interest on funded debt
438,892
Rentals and miscellaneous...
(5)200,000
Div. on 1st incomes
$2,430,206
$1,666,299
425,441
(5)200,000
(2)140,000
$2,264,334
$1,663,900
39",928
(5)2i 0,000
Gross earnings
Total operating expenses
Taxes.:.
.....:
Div.
it it et
Millen to Augusta
Chattah. & Gulf RR.—
.
owned (and oper'd)
includes:
—
Lines leased (see these cos. )
Southwestern RR.—
Macon to Euf aula
Fort Valley to Perry
Fort Valley to Columbus.
Augusta
Outstanding
25
on 2d Incomes
(5)350,000
(5)200,000
Div. on 3d incomes
sur. $3,506
def. $1,533
$104,517
Hanson. Macon. Ga.— (V. 81, p. 1174.)
Central Massachusetts RR.—See Boston A Maine RR.
Central Indiana Ry.— Muncie to Brazil, Ind., 127 miles, of
which 10 m trackage. V. 76, p. 653. Controlled by Cleveland Cincinnati Coioago A St. Louis and Pennsylvania RR. Interests. Bonds,
guaranteed by Cleveland Cin. Chic A 8t. Louis, are limited to $20,000
Balance for year
Officers.— President,
sur.
J. F.
per mile; present issue. $1,500,000 (V. 77, p. 517, 2279; V. 78, p.
1906, 1961.) Stock authorized, $120,000. For 6 mos. ending June 30,
1905, gross, $71,205, aaalnst $56,547 in 1904; def. under oper. exp.,
$20 902, against def., $64,593. Calendar year 1904, gross, $141,845;
def. under oper. exp., $90,967. In 1903, gross, $104,347.
President, Joseph Robinson.— (V. 77, p. 2279; V. 78, p. 1906, 1961.)
Central New England Ry.— Owns from Campbell Hall, crossHudson River at Poughkeepsie by its own bridge, to 811-
ing the
58 miles and leases and controls Hartford A Conn. Western
RR., Hartford to Rhineoliff, 109 miles; extension from Tarlffville,
Conn., to Springfield, Mass., 18 miles, operated from Sep., 1902; total,
1 85 uiilep; also leases Dutchess Co. RR., Poughkeepsie to Hopewell
June, 12 miles and operates Newburg Dutchess A Connecticut RR.,
Dutchess Jet., N. Y., to Millerton, N. Y., 59 miles. V. 72, p. 1279; V.
73, p. 337; V. 76, p. 435.
Organization.—Incorporated in January, 1899, per plan In V. 66,
p. 574, and V. 67, p. 789, as successor of Phil. Read. A New Eng. RR.,
sold in foreclosure Oot. 6. 1898; V 68, p. 84. In Feb., 1904, the New
York New Haven A Hartford RR. acquired a majority of the stock
and $5,100,000 of the $7,250,000 lnoome bonds; V. 78, p. 701, 768.
Owns $1,390,000 Hartford A Conn. Western stock
Stock.—The stock is to be held in voting trust for ten years, or until
4 p o interest is paid on general mort. for two years. Voting trustees,
J. P. Morgan, Wm. Rookefeller, Charles P. Choate, Charles F. Brooker
and Charles Lanier.
Bonds.— Of the first 5s, $600,000 were reserved for improvements.
Earnings.— 12 months ending June 30:
Balance.
12 mos.— Gross
dh. income. Charges.
Net.
$194,-04 def.$86. 491
1904 5
$88,524
$973,422
$19,789
193,458
def.19,222
1903-4
35,358
138,878
847,751
Officers.—C. S. Mellen of New Haven ,PresldeLt; A. S. May, Treas.,
and J. G. Parker.Sec'y.— (V. 79, p. 2641; V. 81, p. 506, 840.)
See B. A O. RR. Co.; also V 70, p. 75.
Central Obio
vernails,
;
<
RR.—
26
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
c
.
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.
27
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
Par Outstanding Rate per When
of
For explanation of oolumn headings, Ac., see notes of
Cent.
Payable
on first page of tables.
Road. Bonds Value.
Central Paei/Jo-Common stock, $67,275,500
Preferred stock, 4 p. o., cum., $20,000,000
1st ref M., $100,000,000, g., gu., p.& I.en.Ce.c'&r 1,349
.
New 3*fls, $25,000,000, g., gu.,p.A
New M. on Luoln out-off
100
1899 500 <feo,
1899 500 &o,
1904 lOOO&c,
1899
100
1883
1,000
1887 500 Ac
end.Us.o*Ar 1,349
103
text, G. o.*<fc r
Notes for U. 8. debt.due $2,940,635 half-yearly.
Cent. ItH. of \. J.—Stock ($30,000,000 author)
Convert, debentures, oonvert. Into stook till 1907
Cent.RR.of N.J., Gen.M.for$50,000,000,g.Ce,c&r All.
*99'02
Equip. M.,8er. A & B. $420,000 due y'rly
1903
do
do Ser. C, $350,000 due yearly
1.
.
Guaranteed
Bonds—
Leh. a Wllkesb.Coal oon.M. , gu. ,p. A 1. ,ext. In 1900
5s of 1912, sink. fd.noi guar, (not drawn) FP.c
Am. DookAImp.Co.lstM.,gu., redeem, at 110...
N. Y. A L. Br. gen. M., g. ($192,000 5s)
Ce
& Hud.
RIv.,gen. M., g., guar. Jolntly.Ce o*
Cent. RR. of Pennsylvania—1st M., $1,200,000.FP
Central of South. Carolina—1st mortgage, gold...c
Central Vermont— Stook, $3,000,000
c & r.
1st M., $12,000,00" gold, traffic guar. A
Leh.
B
Car
trusts,
$15 000 or $16
<
38
1,000
1,000
$67,275,500 Held by South'n
13.000,000 Held by South'n
a79,292,000
4g. F. A A.
31* g. J. A D.
17,467,000
8.300,000
4g. A. & O.
3
20.5S4.45l
27,425,800 8 In 1905 Q.-F.
M. A N.
40,000
6
b45,09 1,000
TT
I"' Various
2,430,000
Various
4
2,800,000
4Uj
1875
1,000 12,175,000
1888 1.000
5
2,691,000
1881
5
1,000
4,987,000
1891
1,000
1,891,000 4 A 5 g.
1890
1.000 C 1,062,000
g
1893 500 &o.
600,000
i
1881
1,000
300,000
6g.
100
3,000,000 $2,185,1
1899 lOOOAo. 11,000,000
4g.
4»«
1905
1,000
589,000
1900 100 &0.
200,000
4g-
"40
AU.
00 due quar
Montreal A Provlnoe Line Ry., 1st M., gu. p. A l.,c 40 6
Charleston dt Savannah— See Atlantic Coast Line RR.
Charleston Term'l—lBt M., $1,000,000, g.S..c* & r
Oharl.dt West. Oar.— 1st M.,g. ($8,000 p.m.) .Ce..o*Ar
340
Income M., g., non-oum., ($7,000 per mile)
M.,g.,gu.,p,<fel. end.Ce
Augusta Terminal Ry. 1st
"22
Charlotte Monroe A Columbia—1st M., $70,000, g.
Ohwiotte Columbia <& Augusta— See Southern Rr.
Ohartiers 8tock
"23
1st mortgage, $625,000, gold
o*
r
Co*
1903 lOOOAo.
1896
1,000
1896
1,000
1897
1,000
1902
1,000
—
800,000
2,720,000
2,380,000
600,000
70,000
5
-
g-
645,300 10 In '05
319 g.
625,000
50
1901
i
g
1,000
Q.-M.
M.
J.
M.
J.
A
A
A
A
A
A
N.
J.
8.
Boiuts—rruial-
Where Payable, and by
Whom.
Dividend.
Paclflo Company.
Paciflo Company.
N. Y., 120 Broadway,
do
New
pal.When Due.
Stocks— Last
do
York.
Aug.
Aug.
Oct.
1,
1,
1,
Feb '06-Fb.'09
N. Y.Off.,
N.
Y„
143 LlbertySt. Nov.l,
Liberty Nat. Bk.
do
do
do
do
do
do
do
do
do
do
J. N. Y.,
do
do
do
do
Nat. Exoh. Bank.
May
'05,
2%
1908
July
1987
1906 to 1912
1906 to 1913
June
Nov.
July
1,
1,
1,
1,
1,
Sept. 1,
July
1,
N. Phil ,Fld.I.Tr.A B.D.Oo. May 1,
J.
J. N. Y., Cuyler, M. & Co. July 1,
00 held by Grand Trunk Ry. of Canada.
M.
1949
1929
1954
1910
1912
1921
1941
1920
1943
1921
May 1, 1920
Deo '05-Mr.'15
O. Bost.,Am. LoanATr.Co Oot. 1, 1950
Q.-F.
Bos.,
Am.
L.
A T. Co.
Q.-M.
A
J. A J.
A. A O.
Oct.
A. A O.
A.
A.
N.Y., Standard Tr. Co.
N. Y., Central Tr. Bank.
If earned.
N. Y. Cent. Tr. Co.
July
Oot.
Oot.
Apr.
1,
1,
1,
1.
1,
1953
1946
1946
1947
1932
&
O. R*dT.AS.D.Oo.,Rd,Va.
A
A
O. Co.'s offloe, Pittsb'g.Pa. Oot. 2, '05.
O.
do
do
Oct. 1, 1931
Oot.
5%
n coupon bonds JAJ; on registered bonds y.— J.
c guaranteed jointly with Lenlgii Ooal A Navigation Uo
Balance, $20,584,000 retained as collateral for notes by U. 8. Government.
b Inoludes $1.167,000 in treasury July, 1905.
Central Pacific
—
Ry.— (See Map of Southern Pacific.)
Lines owned
Miles.
Miles.
near
Um'iria to Cecil
871 Branches to San Jose, etc
Trackage—
Lathrop, Cal., to Goshen, Cal. 146
Into Ogden, etc
Rosevlfie Junotlon, Cal., to
296
Oregon State Line
Ban Francisco,
Ogden, Utah
Cal., to
Total
organization.— Incorporated
103
43
11
1,460
Utah in July, 1899, as successor of
the railroad under the plan of readjustment in V. 68, p. 378, by whioh
the Southern Pacific acquired the entire capital stock and guaranteed the principal and interest of the new bond Issues.
Stock— (1) Common stock, $67,275,500, all heldby 80. Pao. Co.
in
(2) Preferred stock,^ per cent cumulative, authorized issue $20,000,000, to be delivered to Southern Pacific Co. in consideration of issue
of equal amount of Southern Paciflo Co. 4 per cent collateral
trust gold bonds; of which delivered on completion of readjustment, $12,600,000; reserved to be delivered only to provide additional funds, if required, for the payment of 3 per cent notes to the
United States, and thereafter only for betterments and additions,
$3,000,000; reserved to be delivered for improvements and additions
at not exceeding $200,000 yearly, $5,000,000.
Bonds— First refunding M. gold 4s, $100,000,000, secured by all
the railroads, terminals and equipment now owned, including about
1,349 miles of first track, etc. Of the authorized issue, $20,584 000 is
held by the United States as collateral for 3 per cent notes. See abstract. V. 69. p. 808. and V. 70, p. 739; V. 78, p. 228.
Thirty-year gold 3^8, $25,000,000, secured by a second lien
upon all the properties covered by the 1st ref mortgage, and also by
deposit with the Trustees as acquired of all securities and moneys held
in any sinking fund of the Central Pacific Ry., consisting July 1, 1904,
of $8,933,224 in securities and $134 cash, and by a trust deed
upon all the lands covered by the mortgage dated Oct. 1, 1870.
See Mortgage Abstract, V. 69, p. 858; also see p. 851. From the proceeds of these sinking funds and land sales cancellation of bonds will
be made from time to time; In February, 1900, $2,505,000 3*28 were
oanoeled, and to July, 1905, $3,9 24,500 additional had been canceled
reducing those out standing to $17,467,000. V. 70, p. 739; V. 70, p. 1194.
Twenty three-per-cent notes, aggregating $58,812,714, issued to
the Government in settlement of sobsidy debt; $38,228,261 paid, leaving $20,584,453 to mature, $2,940,635 half-yearly thereafter to Feb.,
1909. First refunding 4s are deposited to retire them when due.
In Oct.. 1904. $8,300,000 fifty-year 4 p. o. guaranteed bonds on ihe
Luoln out-off. Oarden to Lucin, Utah, 102 miles, forming part of $10,000,000 authorized, was sold. They are redeemable at
s on Oot. 1,
1909. or any interest day thereafter. V. 79, p. 1641. Form of
guaranty, V. 80, p. 162.
Land Grant.—Total land grant was about 12,000,000 aores, of which
about 7,706.797 aores remained unsold on June 30, 1904. Sales In
1902-3, 4.470 acres; cancellations, 15,609 acres. Land contraots
July 1, 1904—prlnoipal, $710,799; average price per acre, $4'42.
Report —In 1904-05, gross, $23,861,258; net, $10,581,366; other
Income, $633,892; int., taxes, sinking funds, etc., $7,178,662; bal.,
BUT., $4.036,596.-(V. 80, p. 162, 471, 649, 871; V. 81, p. 1174).
1
'
Central
RR.
of New Jersey. —(See Map
Phila.
A Reading Ry.)—
Operates from Jersey City, opposite New York City, westerly to
Wilkesbarre anr Scran ton, Pa., and the neighboring anthraolte ooal
fields
also southerly to the seashore resortsof New Jersey, etc.
Lines owned in fee.
Miles. Lehigh & Susquehanna, PhilJersey City to Phillipsburg
72
lipsburg to Union Juno. etc. .. 171
Sundry branohes
82 Wilkesbarre A Soranton fl
5
Entire stock owned.
Other lines
8
New York A Long Branch RR.,
AllentownTerm. (oper.Jointly) 3
Perth Amboy to Bay Head.. 38
Trackage—
New Jersey South'n RR., Long
Union Coal RR
10
Branch to Atsion, etc
76 Lehigh A New England
2
Other lines (no debt)
141 Tresokow Branoh
5
Leased (mostly for 999 yrs.) Miles.
Ogden Mine RR. TT
10 II See this companv.
Nesqnehonlng Valley TT
Total operated July, 1905. 640
17
There are 263 miles of second and 30 miles of four tracks In Ju'y,
1905. New Jersey Terminal Ry., 7 miles, was acquired. V. 81, p. 506
History.—Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia A Reading. Receivers were in possession from
Jan. 1,1887, till January, 1888. Reorganized in 1887 without foreBlosure— see plan V. 44, p. 714. 716. Concerning coal properties, see
Lehigh A Wilkesbarre In Supp. of Jan., 1903 (p. 159), and Lehigh Coal
&, Na^^ln ^" Miscellaneous." In Jan., 1901, Reading Ry. acquired
$14,500,000 of the stock V. 72, p 86. 136. 241. 391, 721. On June
30, 1905, owned $1,600,000 Lehigh Valley RR. stock V. 81, p. 971.
J>ry-- > '91. '92 to '94. '95. '96. '97.'98. '99. *00. '01. 1902 to Nov. '05.
P. 0. < 6ifl 7 yearly. 5>s 5 4>4 1
4
5
5
8 yearly (Q.-F.)
;
,
Bonds.— For general mort. abstract see V. 45, p. 402.
The L. AW. Coal mortgage is for $15,000,000; the bonds, formerly
s., of which $12,175,000 have been issued, were in 1900 extended
at
*« p. 0. and guaranteed, prln. and Int.
See guaranty, V. 71, p. 26.
Jointly and severally with the Lehigh Coal A Nav. Co guarantees $1,062,000 Leh. A Hud. Rlv. Ry. Gen. 5s, prin. and int. See V. 67, p. 788.
Earnings.—For 2 mos. ending Aug. 31:
Bal., sur
Gross.
Net.
Charges.
2 mos.
1905
$4,3^0,144 $2,933,542 $1,29 ,012 $935,500
1.890,386
3,901,230
1,150,923
739,463
1904
Charges in 1905 include $3Z3,600 for additions and improvements,
against $163,261 the previous year.
annual report.—The report for 1904-05 was In V. 81, p. 971.
1904
Earnings from—
1905.
1903.
$7,471,038
$6,960,722
Merchandise
$6,868,077
7,741.409
6,054,769
Coal
7,8 5,388
Passengers
3,441,202
3,280,877
3,04 5,331
353, 451
336,287
303,776
Express and mall....
108.037
102,657
Miscellaneous
85,203
Total gross earns, rail lines $la,259,i i7 j$l 8,421,952 $16,357,156
$8,ft76,373
Net earnings
$9,282,626
$6,342,345
1,497,265
Other Income
1,566.345
1,507,794
Total net income
$10,848,971 $10,073,638
$7,850,139
Interest on debt
$2,830,206
$2,866,490
2,843,308
Centals paid
2,52*,305
2,406,994
2,456,148
Taxes
458,011
473,951
415,887
1,665,146
Renewal f uids, eto
2,697,702
(8)2,103,464 (8)2,193.264
Dividends
( 8)2,193,704
Balance, surplus
sur.*141,<»i6 sur. $467,594
def.58,468
-(V.79,p 1641, 2642; V. 81, p. 506, 971, 1241.)
RR.
of Pennsylvania.— Owns Bellefonte (Penn. RR.)
Mill Hall, Pa. (Penn. Dlv. of N. Y. C. A H. RR.) 27 miles;
branch, 5 miles Current liabilities June 30, 1905, $628,799 For year
1904-5, gross, $81,773; net, $20,956; charges, $40,112; deficit,
$19,156. Stook, $1,200,000; par, $50.
Central
of Sontb Carolina.— Owns from Lane, S. 0., to
Sumter, 8. C, 402 miles, spurs, etc., 1*61 m.; total, 4181 m. Leased
to the Atlantic Coast Line RR.; rental, $31,000 yearly and taxes.
Stook, $170,000, par $50. In 1904-5 rental received, $31,000; general expenses, $267; interest, $18,000; divs. (7 60 p. c), $12,920; bal.,
sur., $187.-(V. 64, p. 887.)
Central
to
RR.
Central Ry. of New Brunswick.— See New Brans. Coal A Ry.
Central Vermont Ry.—Operates from Rouse's Point, at north end
of Lake Champlain. to New London, Conn., with branohes 531 miles In
all of which 218 miles leased, viz.: New London & Northern (see that
157 m Montvllle Br., 3; Montreal & Provlnoe Line Ry., 40
Organization.—Suooeeded May 1, 1899, per amended plan in V. 67,
p. 735. the Central Vermont Railroad, foreclosed. V. 68, p. 1076.
Securities, Etc.— The Grand Trunk Ry. holds $2,185,100 of
the $3,000,000 stook, and under a traffic contract will make good any
deficiency in earnings to meet interest on the new firsts up to 30 p. 0.
of Grand Trunk gross receipts from traffic interchanged. Montreal A
00.),
;
Province Line Ry. bonds, see above. V. 71, p. 390, 697.
Report.— For year ending June 30, 1904, in V. 80, p. 468
Tear.
1904-5
1903-4
Net.
Cross.
Charges.
Oth. inc.
:
Bal., sur.
$3.670$666,279
$10,840
$673,449
659,593
10,840
667,787
2,646
Officers.—President, Charles M. Hays; Clerk ana Treasurer, W.H.
Chaffee, St. Albans, Vt— (V. 80, p. 468; V. 81, p. 1174.*
Charleston &. Savannah Ry.—See Atlantic Coast Line RR.
Charleston Terminal Co.— Road. Owned terminal road in
Charleston, 8. C, 3 miles; double track laid with 60 pound steel.
Company also owned 14 wharves, 30 warehouses, about 30 aores of
land, 4 cotton compresses, etc., on the city's water front, these being
connected by its own road with the other railroads entering the city.
A reorganization of the East Shore Terminal Co.'s RR., foreclosed
July 14, 1903; V. 77, p. 146, 298. Stook, $200,000, owned Jointly byAtlantic Coast Line RR. and Southern Ry. Of the bonds, $200,000
are reserved lor future purposes. President, Wm. E Huger; Treasurer, R. D. Lankford; Secretary, Henry Frasnr. (V 77, p. 298.)
Earnings.—Gross earnings from July 16, 1903, to June 30, 1904^
$132,488; net. $50.84-; total dedections $42,129; bal., sur., $8,716.—
$3,657,776
3,524,291
—
(V. 76, p. 1300; V. 77, p. 146.)
&
Charleston
Western Carolina Ry.—Port Royal, 8. C, to
Augusta, Ga., 112 m., and Spartanb'g, Greenville and Anderson. 227 m.;
traokage, 3 in.; total, 3*2 miles. A consolidation Oot. 3, 1896, after
foreclosure sale. Entire stook and large portion of inoome bonds were
acquired by Atlantic Coast Line in Dec, 1897. V. 66, p. 38, 335.
stock. —$1,200,000; par, $100. A full statement as to AugustaTerminal Ry Co. and its bonds was in V. 66. p. 383.
Earnings.— For year ending June 30. 1904, gross, $1,157,397; net,
$251,159; other inoome, $14,402; total deductions, $216,038; surplus,
$49,493 President, J. B. Cleveland, Spartanburg, 8. C; Secretary, R.
D. Cronly, Baltimore, Md
73, p. 1207.)
( V.
Charlotte Monroe A: Columbia It It.— McBee, 8. C.„ on Seaboard Air I ine to Jefferson, 22 miles; extension to Jefferson, 11 miles,
was completed Oct., 1903. Stock, $48,000. In lrf02 filed above mortgage to the Richmond Trust & Safe Deposit Co as trustee. V. 75,
p. 1030. For year ending Jan. 31,1904 (11 miles), gross, $18,094;
—
,
28
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
.
;
.
.
RAILWAY STOCKS AND BONDS.
Oct.. 1905.
RAILROADS.
Date
Miles
29
INTEREST OR DIVIDENDS.
Size, or
Amount
Par Outstanding Rate per When Where Payable, and bv
For explanation of column headings, Ac, see notes
of
of
Cent.
Payable
Whom.
Road. Bonds Value.
on first page of tables.
A
Chat. «« Lake Placid— Sat,
L PI.. 1st M., g.Oe.o*
Ohattahoor.hee Valley- 1st M., $110,000 ...
Chesapeake Beach—1st M., $1,000,000, gold. IV.. o*
Ohesap«ake £ Ohio—Stk. (transf*r agt. J. P.M. ACo.)
Mortgage 6s, gold, ser "A & B'.Ce
o*
lstmort.,of 1911, Penln. Ext., gold ...
o"
Ter'] 1st m.,1922, oovering 8 ni., to Phoebus.g.c*
1st oonsol. mort. for $30,000,000, gold ..Ce.o*<fer
Rich. & All Dlv. 1st con. M., g. flee text. ..Ce.c"
2d cons. M., Rloh. via. Lynchb. to Clifton F.Ce
Craig Valley branch 1st mortgage, gold
Ce.o*
Warm Springs Branch 1st mortgage, gold.. Ce.o*
General mort. (for $70,000,000. etc.) gold.. Ce.o*
Paint Creek Branch 1st M., $750,000, g. Ce.. c*
Klneon Coal mort., assumed, red. beg. Oot., 1905
Greenb.ANewRlv.RR. 1st M., g., ass. (V.75,p.562)
Greenbrier Ry. 1st M., $3,000,000,?., ass. Col. o'
Collateral notes (Ches. A Ohio), gold (see text).
Car contracts, payable monthly on 4,700 oars..
Car trusts on 25 loco, and 1,000 cars, pay. ann'ly
Oar trusts, ser. B, g., $200,000 due y'rly..GP.o*
Car trusts, ser. C, g., $50,000, due semi-annually.
Car trusts, ser. D, gold, $200,000 due yearly
Car trusts, ser. £, g., $50,000 due semi-ann
Car trusts, ser. F, gold. $90,000 due semi-ann .
Car trusts, ser O, gold, part due semi-ann
.
.
1893
1900
1898
10
10
AB
34
$1,000
1,000
1,000
100
1,000
1,000
$120,000
110,000
1,000,000
62,799,400
1878
2,013.354
5 428
75 1881
2,OCO,000
\
1882 500 &o.
14 2,000
8
664 1889
1,000 25,858,000
241 1890
1,000
6,000,000
241 1890
1,000
1,000,000
26 1890
650,000
1,000
25 1890
400.000
1,000
1,174 1892
1,000 40,573,000
21 1905
525,000
1,000
500 Ac.
200,000
18
1,000
339,000
98 1900
1,000
2,000,000
1904
4,000,000
5,000
99'02
640,110
1901
600,000
1902
1,000
1,400,000
1902
1,000
700,000
1903
1,600,000
1903
850,000
1905
1,720,000
1903
1.800,000
1888
1888
1893
1895
1898
C. A O. 88. 1st M. deb. red. at par, gu., p. A 1
Lo.AJefl.Bdg.lstM..$5,000,000,gu.p.AI.,end.ff.*c
Norf. Ter. A Trans. 1st M. (V. 67, p. 322i gu. p.&i.
a 410.000 called vearlv at par. ff Series "A" are A,
net over interest, $9,172; dividends (15
Ernest Williams.— (V. 75, p. 1030.)
p. c),
1,000
1,000
£100
1
$7,200.
President,
ChartiersRy.—Ownsfrom Carnegie, Pa., to Washington.Pa., 23 m.i
Leased till 1971 to the Pittsburg Cincinnati A St. Louis (now Pittsburg Cincinnati Chicago A 8t. Louis); the rental Is net earnings.
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,850
Dividends— )
'03. '04. 190510 10 8
9 10 10 7 y.'rly. 8
8
10
Earnings.— For year ending Deo. 31, 1904, gross, $703,853; net,
$226,666 other income, $10,657; Int. and other charges $38,326; Improvements, $12,149; dividends. $51,624; bal.. sur., $135,'224. In
1903, gross, $708,853; net, $135,715.— (V. 73, p. 615; V. 80, p. 1234
'92. '93. '94. '95. '96. '97. '98. '99-'02.
slnoe'91 (p.c.)5 8
;
Chatcangaj A Laho Placid By.
(See
map Del.
<£
Hudson).—
Operates from Plattsburg, N. Y., to Lake Placid, 80 miles, of whioh
Plattsburg to Dannemora, 16 miles, is leased from State of New York
for one dollar and free transportation of freight to the State's Prison
at Dannemora, and balance owned.
Standard-gauged in 1903 04. V.
A consolidation in July, 1903, of the Chateaugay Ry., the
Chateaugay RR. and the Saranac & Lake Placid RR V. 77, p. 249.
Stock. $2,450,000, of which $2,000,000 is 4 p. c. i ref., the latter all
owned by D. & H. V. 79, p. 2606. Leased to the Delaware A Hud
son until Dec 31 2403, any balance over expenses of operation, interest, taxes, maintenance, damages, div. on pref. stook, etc., to go to the
lessor.
The lease is subtect to revision at 5 year intervals after Jan.
1,1908, on request of either party. V. 81, p. 613. There are also
$24,000 Saranac A Lake Placid 2d 5s due Nov. 1, 1913. (V. 81, p. 613.
Chatham & Lebanon Vallej- K it.— See Rutland RR.
Chattahoochee A Gulf BB.— Columbia, Ala., to Floralia, 92
78, p. 985.
;
,
V. 71. p. 806; V. 75, p. 848, 1146.
In 1900 in perpetuity to Cent, of Georgia Ry. for 6 per
cent on $436,400 stock and $378,000 bonds, of whioh 1 p. o. to be used
as a sinking fund for retirement of bonds, upon completion of whioh
rental will be 5 p. o. on stock, payable J.- J. See Central of Ga. Rv.—
(V. 75, p. 848, 1146, 1301; V. 77, p. 195, 2279.)
Chattahoochee Valley
West Point, Ga., to Jester, Ala.,
16*3 miles. 8tock authorized, $1,000,000; outstanding, $110,000; par
of shares, $100. Bonds, see table above. For year ending June 30,
1904, gross, $34,605; net, $13,710; charges, $6,796; divideuds<8 p. v
* c),
"
$8,800; bal., def., $1,886.
Chattanooga Southern
Owns road, oompleted in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 miles
trackage to Chattanooga, 5 miles
sidings and
spurs. 10 miles; total of all track, 105 miles. Successor to Chattanooga Southern Ry., sold in foreclosure Feb. 14, 1895 plan in V. 61,
p. 830, but in October, 1905, the new bonds had not been issued.
The new lsts were to be $5,000 per mile on present mileage and $10,000 on extensions; and the Income mort. 5s, $750,000. V. 63 p 401
Stook, $3,000,0t 0. of whioh $750,000 preferred; par, $100.
Earnings.-! 2 mos.. > 1904 5
Gross, $120,4 31; net, $5,386
July 1 to June 30 f 1903-4
Gross, 111,253; op.def.5 333
Sec, E.C. Osborn, 31 Nassau St., N. Y.— (V. 63, p. 823.)
Chesapeake Beach Bail way.— Washington, D. C, to Chesapeake Beach, Md., 34 miles. In July, 1905, David H. Moffat obtained
judgment on a promissory note for $1,222,800. Foreclosure suit begun;
interest alleged in default since 1901. V. 81, p. 263, 974. Stock $1 000,000; par, $100. Pres, SyL T. Smith; Sec , Paul Y. Waters. Office
1416 New York Ave., Wash.. D. C. (V.81, p. 263, 974.)
miles.
Lease.—Leased
BB.—
BB.—
;
;
;
& Ohio By.— (See Map.)— Operates from Newport
and Washington, D. C, to Cincinnati, Ohio, with branches.
Lines owned in fee—
Miles.
Old Point Comfort and NewBridge— Covington, Ky., to
Chesapeake
News
port
Va.,
News
via Charlottes-
Cincinnati, Ohio
2
Garrison to Carter, Ky
20
Richmond via Lynchburg to
Lines leased—
Clifton Forge, Va
230 Sundry branches leased
25
Branches in Va. and
Va.. 393 Trackage to Lduisville
84
Lines controlled by stock, etc.—
Trackage to Washington.D.C.
85
Big Sandy River to CovingOther trackage
31
ton, Ky
150
Denton, Ky., to Lexington.. 103
Total system June 30, 1905.1,708
ville to
Ashland,
Ky
512
W
Branches in Kentucky
74 Secondtrack
200
Also owns one-sixth interest in the Richmond-Washington " Co". Ex
tension from Whitehoupe, K\ to El^horn City, 77 miles, was oompleted Oct.. 1905. V.81. p. 910.
History, Ac— In 1888 reorganized without {foreclosure, and the road
extended to Cincinnati. The consolidation with the Richmond A Alleghany was consummated in Jan., 1890; with Elizabetbtown Lex. A Big
Sandv, etc, In 1892, and with Greenbrier and other roads In 1903.
c^LoA£'«£TOJ? K ~ Common 8t°ck authorized, "unlimited;" outstanding, *b2,790,400; Increased from $40,000,000 to this figure since
1892
through exchange of practically all the $25,000,000 of preferred stocks
for common stock and general mortgage 4^ per cents in certain pro10 8 a d
S2J? ?. ? acquisition of stooks of other companies. V. 77, p. 450
f 8totk8 for
68
$ 9 ,000 only waR outstanding June 30. 1905. V.
I
J7"o
54, p. 642. Stock may be reduced by majority vote.
V. 70, p 175.
Dividends.— 1899 to 1904, both Inclusive, 1 p. c. yearly, Nov. 30.
Bonds— Abstraot of consol. mortgage of 1939 in V. 49, p. 147; of
Richmond A Allegheny mortgagee in V. 51, p. 144.
..
.
-
-
O.
-
A.
&
F.
F.
A
A
K A
F.
A
July
1,
1908
Jan. 1, 1911
June
May
1,
1,
Aug., 1906-11
A.
A. Glrard Trust Co.. Phila Aug.15,'06'12
N. Y„ Blair
Co.
M'r.'06-8ep , 12
8
do
Aug. 1, 1918
A.
do
D.
do
do
Deo '05-Do.'13
do
do
Ao.'06-Apr'15
O.
O. Fidelity Tr. Co., Phila. Ap.'06-Ap.'15
&
A
J. A
A. A
A. A
A. A
Oot.
J. A
M. A
M.
do
do
do
do
do
do
do
do
do
1922
1939
J.
1989
Jan.
J.
1989
Jan.
J.
July \. 1940
1,
S.
Moh. 1, 1941
S.
Men. 1, 1992
A.
Feb. 1, 1945
O. Cen.Tr.A8.Dep.,Cin.,0. Oot. 1, 1915
A.
Richmond.
Aug. 1. 1942
N. N.Y., J. P.Morgan & Co. Nov. 1, 1940
do
do
Apr. 4, 1906
O
To" May, 1907
D.
N.
-
5 g.
do
do
do
do
do
do
do
do
do
IT
A
J. A
5 g. M. A
J. A
* g J. A
4 8.
J. A
t g M. A
5 g.
4iflg. M. A
4g. F. A
5 g. A. A
5 g. F. &
4 g. M. A
500,000
M.&
Due.
Stock*— Laet
Dividend.
A
A
A
A.
a£40,000
($113,354),
J.
J.
6g.
113,500.000
AO.; "B"
(6) g.
5
820,000
450,500
1,000
1,000
pal, When
N. N. V., 21 Oortlandt St.
Nov. 1. 1918
J. Am. L. A T. Co., Boston. July 15, 1920
J.
In default.
July 1, 1923
In 1904 Yearly. N.Y..J. P. Morgan A Co. Nov.30,'04,1%
5
Guaranteed Bonds.
Elevator Co. 1st M.,gold,p. Al. guar
Ce.c
2d mortgage, for $500,000, income, non-oum.c*
M.
Bonds—Princi-
O. N. Y., J.
J.
S.
P.Morgan & Co. Oct
do
1.
do
London.
N.Y., J.P.
Jan.
Morgan A Co. Moh.
do
A.
Oot.
do
Feb.
1,
1,
1,
1,
1,
1938
1988
1909
194S
1948
N.
The general mortgage of 1892 (Central Trust Co. and H. T. Wiokham
trustees) is for $70,000,000, but additional amounts at $25,000 per mile
may be Issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 consols of 1889, issued or to be issued, etc The balanoe unissued may be
sold for new acquisitions, rolling stook, etc, but not more than
$2,000,000 thereof In any one year. The mortgage oovers the entire
Sroperty of the company, real and personal, at the time the
mileage
eea was made, and all additional property and
acquired with the proceeds of the bonds. See full abstraot of mortgage
in V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. Dj July. 1905,
$40,573,000 had been listed on New York Stock Exchange. V. 76, p.
381; V. 77, p. 710, 1532; V.78, p. 701, 988. 1108; V.80,p.l423.
The Louisville dk Jeffersonville Bridge bonds, of whioh $3,000,000
are outstanding, are guaranteed jointly and severally by the Chesapeake A Ohio andCleveland Cincinnati Chicago A St. Louis; any defiolt
on acoount of the bridge is payable by them In the proportion of onethird and two-thirds respectively— see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. A J. Bridge Co.
Of the Greenbrier Ry. 4s of 1900, guaranteed principal and interest,
and assumed in 1903-4, $1,000,000 are reserved for extensions and
Improvements. See guaranty, V. 72, p. 626; see also V. 71, p. 554, 602;
V 79, p. 915. Ol Ike Big Sandy 4s of 1P03. $1,000,000 fs reserved
for future extensions and improvements. V. 79, p. 917. Form of guaranty V". 81, p. 668.
Of the Coil River 4s of 1 >05 $600,000 has been issued 01 the 22
miles from St. Albans to
oily, W. Va., and $900,0 ;0 additional bonds
will be issued for 45 miles under oonstruotion; the remaining $1,500,000 is rf served for exti'ns'ous and improvem^nth. V. 80 p 2219.
Of the Paint Oreek Branch 4s of 1905 $225,000 is reserved for extensions
V. 81, p. 974, 910.
The oar trusts, series B, cover equipment costing $2,343,120, including 25 locomotives, 1,000 steel gondolas, 300 wooden box oars, 400
wooden gondolas, etc; series C, 1,000 gondolas; series D. 50 looomotives and 1,000 gondolas; series E. 1 ,000 F. B steel gondolas; ser.
F A G, 38 locomotives and 2,000 steel cars. V. 75, p. 239, 393; V. 79,
p. 916; V. 81, p. 909.
Finances —Pennsylvania
interests,
with Morgan-Vanderbilt Inter-
own
a malorlty of the stock. V. 70, p. 75, 632; V. 72, p. 480.
On June 30, 1905, the N. Y. Cent. A Hud. Riv. and Clev. Cln. Chic A
St. Louis owned stook representing outlays respectively of $1,638,455
and $2,453,569. V. 71. p. 398, 5<>5. On Jan, 1, 1905, the Pennsylvania RR. proper owned $10,130,000, the Pennsylvania Oompany,
$1,000,000 and the Northern Central $1, 500,000 of the stock.
As to puroaase of one-sixth Interest in majority Hocking Valley
common stock, see that company. V. 77, p. 1225.
In 1904, $i, 000,000 of two-year 5 p. 0. collateral gold notes ($5,000
each) due April 4, 1906, were sold, seoored chiefly by Big Sandy Ry
guaranteed bonds. V. 78, p. 1391; V. 79, p. 917.
The O. A O. 88. Co line was formally opened Sept. 7, 1893, and owns
six steamers, using the railroad wharves at Newport News.
Earnings.— 2 mos., ) 1905
Gross, $3,742,894; net, $1,4 80,053
July 1 to Aug. 31. 5 1904
Gross, 3,491,284; net, 1,359.540
Annual Report.—Fiscal year ends June 30. Annual meeting is
held at Richmond on the Tuesday preceding the last Tuesday in
October. Report for 1904 05 was given in full In V. 81, p. 896, 908,
and showed the following. See also editorial p. 878.
Traffic— Of the total tonnage (13,304,791) in the year 1904-05, coal
and coke furnished 8,109,845 tons, or 61 per cent of the whole
products of agriculture furnished 5 per cent. Average rate received
on seaboard coal, 3-27 mills per ton per mile; on all freight, 4 27 mills.
190^.
Year ending June 30—
1904
1903.
Miles operated
1,708
1,671
1,641
Passenger earnings
$3,894,145
$3,648,233
$3,474,905
Freight
10,039.313
14,869,188
12,510,006
Express, mail and misoel.
790,91 i
780,105
726,691
Total earnings
$20,724,3 7 z
$19,297,526
$16,711,602
Oper. expenses and taxes 13,764.610
13.298,040
11,499,837
Netearnlngs
$6,^59,762
$5,999,486
$5,211,765
Other inoome
177,287
190,374
169,272
Total and net income. $7,137,04
$5,402,139
$6,168,758
Interest on bonds, Ao
$5,000,110
$4,132,534
$4,674,245
Extraordinary expenses. 1,21^,476
.«.91,012
861,366
Dividends
(1)605,299
(1)627,904
( 1%)627,904
Balanoe, surplus
$2al,259
$73,294
$5,243
Officers.— President, George W. Stevens, Richmond, Va.; VicePresident, Dtoatur Axtell, Richmond, Va
Treasurer, C. E. Potts,
Richmond, Va Secretary. C. E. Wellford, Richmond, Va.; Comptroller, L. F Sullivan, Richmond. Va.
Directors
Decatur Axtell, John P. Green, CUas. B Pogb, George W. Stevens
Chauncey M. Depew. William H. Newman, Samuel Rea, H. McK. Twomblr
U. T. Wickham.
(V. 80, p. 1423, 2219; V. 81, p. 613, 668, 896, 908, 974, 1241.)
ests,
-
<
;
;
—
Chesapeake Western Ry.—Owns North River Gap, Va^, to
Bridgewater, 14 miles; opened May 1, 1902; leases for 99 years Chesapeake & Western RR., Bridgewater to Elkton, 27 miles; total, 41
miles
Projected to tidewater on Chesapeake Bay, and westerly into
the West Virginia coalfields, of which 14 miles from Bridgewater to
North River Gap is completed. Controlled by Chesapeake Western
Co. V. 75, p. 1353; V. 78, p. 2383.
30
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
31
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When
Par
of
For explanation of column headings, Ac., see notes of
Outstanding
Payable
Cent.
on first page of tables.
Road. Bonds Value.
Ches. & Ohio— Guaranteed Bonds— (Oon)—
Passenger A Belt By. (Lex., Ky.), 1st mort., gold
Big Sandy Ry. 1st M., $5,000,000, gold Ce
o"
Coal Rl'er 1st M.,$3 000,0' 0. g., «:e.
Chesapeake Western—O. A W. RR. 1st M., gold.. IN
0*
Ches. West. Ry. M., $1,435,000, gold. 8..
Ohettnut Hill RR.— Stock, rental P. A R. Ry
Chic. A Alton By.— Com. stock, $20,000,000 .
Pref. stook. 4 per oent.non-onm $20,000,000.
4
77
22
27
41
4
58
58
58
,
First
Hen M.,$22.000.000,g,sub.call atpar.F.o&r
Coll. notes, $5,000,000, g., red. par, 1904 IWe..r
O. <k Ratl'oad Sei-witus and Guaranties
Oil.
Alton RR. rerund'g M. , g. See text. I f! . o* <fcr
Joint equip, notes ($9,500 due s.-an.) (V. 76, p. 17)
—
—
A
All
1904
1905
1896
1901
1,000
1,000
l.OoO
500 Ac.
1,000
50
100
100
1900 l.OOOAo
1903
5,000
Equipment leases and contraots
Miss. Rlv. Br., 1st M.,g„ ass'd, s. t, dr'n at 100.0*
Kansas City St. L. A O. pref. stook, guaranteed..
Jollet A Chic, 7 p.o. stook, perpet-.tmar. by C. AA.
1877
1,000
100
100
Louisiana & Mo., guaranteed preferred stook
100
Chicago Burlington A Quincy — 8tock,7 p.c.rental
100
Illinois Dlv. 1st mort., t $»5.O00.000, our., red
51899 i,ooo&o
1,642
105. NB
do
do
U899 l.OOO&o
i
Sink, fund, Iowa Dlv., 5s, (col. tr.) drawn at 105..
1,000
901 4 1879 1,000
Sink, fund mortgage 4s, drawn at 100
(1879
o<fcr
Sink, fund 4s (So. W. Dlv.) drawn at 100
1881
1,000
o*Ar
Denv. exten. (coll. tr.> b'ds.s.f. dr'n at lOO.NB.o* 415 1881 100 Ao.
Debentures for Han. & St. Joseph stook.
1883
1,000
o*
Nebr'ska ext. $20,000 p. m. (s. f not dr'n) N Bo*<fcr 1,472 1887 l.OOOAc
r gr.,
B.AMo.RR. in Neb. J L d
600 Ao.
s. f„ dr. at 100. IV «
585 J 1878 600 &0.
Con.M$14000000 } Exempt, not dr'n till 1908
U878
Burl, a Mo. RR.lnNeb.,s.f. for At.AN.RR.stk.NB
1880
1,000
b, $tf 12,000, and c, $4,620,000 oanoeled not in olud.
d, $1. 918.000
elow.
«. $6,582,400. *Ad lliional bonds owne 1 by ra ilway -see b
,
.
162
37
101
,
Stook authorized, $50,000,000; outstanding, »$1,419,600, of which
608,400 Is preferred. Ohes. A West. RR. has $533,500 common and
32.900 pref. stook outstanding. O. W. Ry. mortgage of 1901. V. 73.
f
Vear ending June 30, 1905 (41 miles), gross, $58,094;
p. 899. 1356.
net above taxes, $14,663. President, Robert Mo M. Gillespie; Treas.,
W. H. Hall Office, 71 Broadway, N. Y -(V. 74, p. 986; V. 78. p. 2383.)
Cbeivterfield Sc Lancaster RK.- Owns Ruby to Cheraw, 8. 0..
21 miles. Bxtenslon to Plan Is, 15 mil is, was pro osed. Bids were
received to May 31 for $250.00 > 30 year 5 per cent first mortgage
bonds of $1 Oooeaoh: Meroanule Trust & Deposit Co. of Baltimore,
trustee. President, W. F. Stevenson, Cheraw — (V. 80, p. 1970.)
Chest mi t Hill K K.—Owns from Germanrown to Cbestnut ttill
Pa., 4 miles; beingdouble-tracked May, 1902. Re-leased in 1896 to
Phila. & Reading Ry., the rental being reduced from 12 per cent to 6
per cent on stock, the latter being increased in June, 1902, from
(120,650 to $195,650 -(V 74, p. 938, 986; V. 75, p. 76.)
Chicago
Alton Ry.— (See Map)—Road—Chicago to St. Louis,
Kansas City, etc., in all 960 miles, of which about 210 double tracked.
» Road Owned—
Miles
Leased Lines.
Miles.
Springfield, 111., to Grove, HI.. 54 Roodhouse, HI., to Kansas
Leasea Lines—
City, Mo
251
Chicago to East St. Louis. 111. 280 Bloomlngton to Wann, via
Barnett to Columbiana, 111.... 45
Jacksonville
Godfrey A
Coal City Line, Ind
25
Upper Alton (all in 111.).... 158
Dwlght, 111., to Washington
Trackage to Peoria, HI., etc.... 17
and Lacon, 111
80
Mexico, Mo., to Cedar City, Mo 50
Total of all owned, leased and operated in system Oct., 1905... 960
The railroad company in Sept., 1904, purchased the Qulnoy Carroll
ton & St. Louis Ry., Barnett toO duwbiana, HI., 45 miles. V. 81, p.
1099. See Bonds below. Out-offbetween Mexico, Mo., and Old Monroe,
65 miles, built by Ohio. Burl. & Qulnoy, opened Sept., 1904, is operated
tointly. In Oct., 1905, the Peoria A Pekln Terminal Co. was acquired
&
—
>y
friendly interests,
V. 81, p. 1099.
Organization— This railway company was organized in April, 1900,
and purchased substantially all the stock of the Chicago A Alton
Railroad Company, viz., $18,322,400 of the $18,751,100 common and
$3,472,200 of the $3,479,500 preferred stook, all of which has been
deposited as security under the first lien mortgage of 1900; also the
line of the St. Louis Peoria A Northern between Springfield and Grove,
The railroad, whose separate existence is maintained for
58 miles
legal reasons, has been leased for 99 years from April, 1900. the rental
being the net earnings, after payment by the lessee of all interest on
bonds taxes and other charges, etc. See V. 70, p. 686, 995.
Stock.—Authorized, $20,000,000 eaoh of common and 4 per cent
non-eum. preferred; issued in amounts as shown in table above, the
unissued stook being reserved to exchange for the outstanding stock
of the railroad oompany not now owned.
The Rook Island Co. and the Harrlman interests in 1904 acquired
control, their stook hol«lngs being held In a voting trust, ensuring
harmonious management. See V. 80, p. 471, and V. 78, p. 47. 342; V.
79, p. 151, 1331, 1461. 2204.
DrviDENDS.-On pref. Jan., 1901, to July, 1905, inol., 4% y'ly (J. AJ.).
Bonds.—The first lien 3JflB of 1900 are secured by practically the entire capital stock of the C. A A. Railroad, as shown above, and by a
direct first lien on Spring fleld to Grove, 53 miles. V. 70, p. 894, 944.
See application to list in full in V. 71, p. 1021.
The railroad mortgage seouring the 3 per oents of 1899 will
provide funds for
improvements and extensions. Bonds in
exoess of $40,000,< 00 may be Issued thereunder on vote of twoof the stockholders for extensions of not over 500 miles'
thirds
main track, at not exceeding $20,000 per mile, to fund leased line renttal obligations and for future betterments not to exceed $5,000,000 at
not over $1,000,000 per annum from Jan. 1, 1900. See official riroular
in V. 69, p 178; also V 6». p. 26, 129, 541; V. 70, p. 429, 739, 995.
Stockholders oi Railroad Co. voted on Sept 7, 1904, to authorize the
Issue of refunding bonds in excess of the $40,000,000 then sold and
pledged, viz., $5,000,<>00 for betterments and $350,000 for purchase
of Quincy Carrollton A St. Louis Ry. V. 79, p 2 1 1 967.
The 4 p. c. collateral notes of the rai'way company ($5,000,000 authorized issue) are secured by deposit of $7,000,000 railroad refunding
bonds issued for improvements. V. 77, p. 1746.
General Finances. —Expenditures for Improvements and eqnipment
for 3 years ending July, 1903, were $12,943,329. V. 77, p. 1226. Proposed terminal and other improvements, Aug., 1905 V. 81, p. 776.
Latest Earn's— 2 mos.,> 1905... Gross, $1,986,937; net, $632,681
Julyl to Aug. 31.
51904. Gross,
2,140,204; net,
770,047
Annual Report.— Fiscal year now ends June 30. Report for year
1904 05 was in V. 81, p. 1168.
1905.
1904.
1903.
Miles
915
915
915
Gross earnings
$11,797,314 $11,425,853 $10,071,092
Oper. expenses
7,602,663
7,524,600
6,625,196
.
,
Net earnings
$4,194,651 $3,901,253
$3,445,896
Dividends (7 p.
)
on Chicago
& Alton KR. stock owned. ...x$l,525,622 x$l, 525,622 x$l,525,622
Miscellaneous income
268,517
240,651
244,449
Total income
$5,988,790
$5,667,526
$5,215,967
Princi-
pal, When Due.
Sloe fcf— Last
Whom.
Dividend.
J. & .r N.Y., J.P. Morgan & Co.
Jan. 1, 1906
150,000
i)
.1. A
do
do
See text.
Junel, 1944
J. & D.
New York.
June 1, 1945
600.000
F. & A.
N.Y.,Seo.& rrustCo. Aug. 1, 1945
666.000
A. A o.
New York.
Oot 1, 1951
1,419,000
Phila., Treas. of.
Sept. 5, '05,1 **
195,650
Q .—M.
19,542,800
19,544,000 4 in 1905 J. & J N. Y., 120 Broadway, July 1, '05, 2%
do
do
July 1, 1950
22,000,000
3«sg. J. & j
do
July 1, 1907
J. A J
do
5,000,000
3g.
1899 1,000*0 •37,350,000
1,000
Where Payable, and by
Bonds-
A o
A.
do
do
4
J.16&D
N. Y., Equit. Trust Co.
8*
142.500
992,000
229,000
1,750,000
1,500,000
329,000
110,839,100
50.H35.000
34.165.0O0
A.
A O
N. Y., 120 Broadway,
J.
4
5
4
4
4
5
4
6
6
4
5,0i>0,000
F.
3»9
c7.882.000
d4,300.000
e7 ,968,000
9,000,000
f25.071,O00
g8,615,000
p.
•
7
7
7
fo2.38K.000
Oot.
J.
!
J.
A
A.
Q.^J.
A.
A.
M.
F.
M.
M.
J.
J.
J.
A
A
.1
J
A 0.
A O
A 8
A A
A N.
A N.
A J.
A J.
do
do
do
do
do
do
N. Y., Boston and Ohio.
N Y., Bk.of Com. A Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1949
Oot.
1,
'12
1912
Nov. 1,'05, 1>9
Oot., '05, l«fc%
Aug. 1, '05,3i9
Oct 1,*05, 1\
•
Boston, Bk. of Com'roe.
do
1,
To June 15
do
July
July
1,
1,
Oot. 1,
Oot. 1,
Sept. 1,
Feb. 1,
1,
1,
July 1,
July 1,
May
May
1949
1949
1919
1919
1921
1922
1913
192T
1918
1918
1910
b.3347,000
A J.
do
do
Jan. 1,
(in sinking fund unoano eled) included.
e, $3.3*5,0 00; f, $6 37,000
;
ly and se verally with Clev. Oin. Chlo. A St. L.
ffGuar joint
1905.
1904.
1903.
Rentals to C.
A. RR
x$4,038,990 x$3,561,230 x$3,341.5«8
Interest on 3 ^ per cent bonds..
770.OO0
770,000
770.000
Other int., discount, etc
246,633
266.733
253,338
Flood damage 1903
163,895
&
All charges.
4 per oent preferred dividend...
Surplus
$5,055,623
781,760
$4,761,858
781,760
$4,364,926
781,760
$151,407
$123,908
$69,281
".....
Railroad, the Railway Company operates the Una and
as rental oxid in 1004-06 interest, taxes and rentals, turning orer to the
Railroad Company the balance of net earnings, $2,l(H,8tO. Prom this last was
paid 7 per cent ($1,563,A41) by the Railroad on Its stock. This stock is nearly
all owned by the Railway Company, which therefore treats the dividends
received thereon ($1,625,622) as "other Income.'' as here shown.
x Under Its lease of the
Officers.— Chairman of Exeo. Com.,E. H. Harrlman; President, 8. M.
Felton; Vice-Pres., Wm. D. Cornish; Comptroller, William Mahl; Treas.,
F. V. s. Crosby; Seoretary, Alex. Millar, 120 Broadway, N. Y.; Gen.
Mgr., J. A. Goodnow.
Directors— James Stillman, B H. Harrlman. '.W. B, Leeds, W. H. Moore. D. (J.
Reid. Robert Mather New York; James H. Moore, 8. M. Felton, James B. Forgan, Jobn J. Mitchell. N. B. Ream, Chicago.
-(V. 81, p. 30, 558, 776, 899, 1099, 1168.)
Chicago Burlington &. Qulncy Win.— (See Map.)—Road.— Operates a great system of roads extending from Chioago westerly, reaching 8t. Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Omaha, Neb., Denver, Col., Cheyenne, Wyo., Black Hills, S. D., and Billings, Mont. The accompanying map shows clearly the system, vis.:
Miles.
Miles.
Lines east of Missouri River.4,118 Lines leasee*
202
Lines west of Missouri River. 4,069 Narrow-gau^e lines
68
Total June 30, 1904 (less duplications 83 miles)
8,378
The stockholders voted on Nov. 4, 1903, to pnrohase the Iowa
A St Louis RR., Centrevllle, la., to Macon, Mo., 52 miles, and projected to extend to St. Louis and to Sioux City, la., a total of 510 miles
(V. 76, p. 653), Quincy RR. Bridge (V. 75, p. 1030; V. 76, p. 1083) and
Burlington A Western (V. 76, p. 509), and on Deo. 22, 1904, to purchase
the Jacksonville & St. Louis. V. 79, p 2454. The cut-off between
Mexico and Old vtonroe, Mo., 65 miles, was opened Sept., 1904. Extension from Centralia to Herrin, 111., 52 in., is to be completed la fall
of 1905.
Organization. Ac. This was a consolidation in July, 1875, of the
Chioago Burlington A Quincy in Illinois and the Burlington A Missouri
River in Iowa. Chioago Burlington A Northern and other subsidiary
lines in Illinois were absorbed in May, 1899. V. 68, p. 975. In
1900 purchased the remaining leased lines in Iowa and Missouri, viz.:
Kans. C. St Jos. A Co. Bluffs, St. L. K. A N. W., Ohio. Burl. A K. C,
Han, A. St. Jos., Keokuk A West, and Ohio. Ft. Mad. & Des Moines.
Burl.
A
Missouri, etc.
V. 71, p. 697, 863, 963; V. 73, p. 137, 899.
In Oot., 1905, $107,611,600 of the $110,839,100 stook had been exchanged for the Joint 20-year 4 p. 0. bonds of the Gt. Northern and
Northern Pao. seoured by the deposit of the stook in trust, on the basis
of $200 in bonds for $100 stock. See circular, V. 72, p. 871, and application to
list.
V. 73, p. 294,
and description of bonds under Great Nor.
In June, 1902, purchased practically all the bonds and stook of the
Jaoksonv. & St. L. Ry., 112 miles. V. 74. p. 426, 1307; V. 75, p. 793.
For legal reasons the road is leased to the Ohio. Burl. & Qulnoy Railway (which see below) for 99 years from October, 1901, at 7 per
oent per annum on stock. V. 73, p. 842, 1011, 1061, 1207, 1312.
Capital Stock.—The stook has been Increased for the acquisition
of new lines, retirement of over $15,000,000 convertible debentures,
etc.; In 1880 a 20 p.o. distribution was made. See "Organization" above.
Drvs.— ) '81-87 '88 '89 '90 '91 '92 '93 '94 '95-'97 '98 '99to8ep.,'01
Per cent. $ 8 yrly 5
4 5 4H 5 5 4% 4 yly. 519 6 yearly.
On June 15, 1901, 2 p. o. was paid for the 4 months ending July 1.
1901, when interest on the new Great Nor. -Nor. Pao. collateral trust
4 per cent bonds began; Sept., l'flp. o.; first quarterly dividend under
lease, 1% p. 0., paid Jan. 1, 1902, divid. being p<dd Q.-J.; V. 74, p. 41.
Bonds.— For full description of each loan see the editorial article on
pages 3 to 6 of Supplement of Oct., 1896, and Chronicle V 63. p. 775.
The mortgage of 1800 for $85,000,000 secures bonds limited to $85,000,000. and the lien securing the bonds became an absolute first
mortgage covering all lines east of the Mississippi River, upon
the payment of $21,699,000 consolidated mortgage 4 per oent
bonds on July 1, 1905. V. 79, p. 2454. See V. 68, p. 771; abstract,
V. 69, p. 283; V. 69. p. 795; V. 74. p. 1307; V. 75, p. 665; V. 78, p. 1391,
1961, 2383, 2441; V. 79, p. 211; V. 80, p. 2620.
The Iowa Division bonds are a first mortgage on the main line in
Iowa from Burlington to East Plattsmouth on the Mo. River, 278 miles,
and on 120 miles of branohes; they are also a first collateral Hen on 420
miles of branohes and 86 miles of second track. These bonds have a
sinking fund of lifl percent ($203,800) yearly, for whloh the 4s are
subject to oall at 100, the 5s at 105. The single main line and branohes
covered "shall not exceed In the aggregate 900 miles," at $16,000
per mile on second track (of which June 30, 1904, there were 86
miles) may be issued an additional $14,000 per mile. V. 65, p. 462.
Denver Ext. bonds can be inoreased only for 2nd traok at $10,000 p.
;
The
m
collateral trust Nebraska extension bonds of 1887 are Issued at
$20,000 per mile for single and $10,000 per mile for second traok on
not exceeding 1,500 miles. Abstract of deed V. 45, p. 441.
32
RAILWAY STOCKS AND BONDS.
|
V^OL.
LXXXi.
o
. .
RAILWAY STOCKS AND BONDS.
Oct., 1905. i
RAILROADS.
for explanation of column headings, Ac,
on
first
Chicago Burlington
page of
Miles
of
see notes
&
.
A
,
,
.
,
A
Chlo.A Ind. Coal— IstM. $25,000 p.m.,ass'd.ITIp.c*
Evansv. T. Haute & Chic, income mortgage
Indiana Block Coal, 1st mort., s. f., call at par.
Ref. A lmp't
'see text), g , red 102*2. Ra c*<fer
Car trusts, lnol. int., Oct '05, due $10,921 m'thly
Equipment bonds, ser. B, due quarterly
do
do
Ser. C and D, due $68,000 s.-a
do
Ser. E. due $155,000. Ba (V 81 p 1043)
Chic. <£ Erie— IstM., g., int. guar.tillprin. paid. Ce.o*
Income bonds for $10,000,000 5 p. c non-cum.N
Terminal 1st mortgage, gold
.
M
,
The
s.
fs held alive
289
249
61
90
145
73
180
50
33
264
....
....
108
9
14
127
....
817
176
49
13
mmmrn
....
...
In V. 79, p. 1950, 1964 (see also editorial, p. 2057),
ations, including results of the C. B. A N., etc
1903-04.
8,378
Miles operated June 30
Freight
showing oper-
1902-03.
8,3
1901-02.
8,124
4
$44,651,997 $42,782,406 $36,072,079
14,494,573
14,136,281
12,857,267
6,081,622
5.719,692
4,865,899
$65,228,192 $ 2,638,379 $53,795,245
44.578.943
4Q.542.4 3
35,682,875
$20,649,249 $22,0 5.W0B $18,112,370
D b. 204,116
S46,*40
340,805
$20,445,133 $2^,4-2.446 $18,453,175
7,630,216
9.116,338
8.370,064
$12,814,917 $13,326,108 $10,083,111
Passenger
Mail and miscellaneous
Gross earnings
Expenses and taxes
Net
Other Income
Total income
Int., rent, etc
Balance
on Nor. Pac-Great Nor.
joint bonds
Div. on C. B. & Q. stock held by
publio, 7 p.
Int.
8,608,082
8,606,752
8,606,120
226,667
227.818
213,602
Surplus
$3,980,168
$4,491,538
$1,263,389
Directors— Geo. B. Harris (President), John J. Mit hell Chicago. HI.;
Charles K Perkins of Burilngton, la.; J. J. Hill. James N. Hill. Geo. c. <l*rk, of
Sr,. Paul, Minn.; W. P. dough, Robert Bacon, Norman B
Keam, Geo. F. Baker
and Samuel Tnorne of New Vork.
-(V. 80, p. 471, 599, 1058, 2457 2620; V. 81, p. 506, 725.)
Chicago Burlington & Qulncy Railway. leases the Chic
Burl. A Q. Railroad system for 99 years from October, 1901, at 7
per cent on its stoclt. Incorporated in Iowa on Oct. 16, 1901.— V. 73,
See C. B A Q. R nlroad above and Northern Securities
p. 842, 207.
Item, V. 73, p. 1357. Stock authorized. $100,000,000; in July, 1903,
not yet Issued. Th* joint income account of the Kailwan and Hhilroad
for year ending June 3w, 1904, shows surplus over 7 p. o dividends
on Railroad stock of *3,9SO,168, or about 4 p 0. on the Railway stock
Directors.— George
Harris, President; Charles E. Perk'ns, Johns. Kennedy
James J. Hill, W. P Clough, George W. Pernios, B. H. Harriman. M L. Schiff
W. H. Molntyre. James Stillmau and Darius Miller.— (V. 7:<, p. 842. Hv-9, 131 a.)
—
1
.
Chicago Cincinnati & Louisville RR.-(See Maps, pages
40, 41.) Owns Cincinnati to Hammond, Ind. (near
hioago),
264 miles. A consolidation June 4, 1903; V 76, p 1247. T e Cin.
Ham A Dayton and Pere Marquetie in June, 1904, acquired the
t
$4,20H,000 stoo«, which is deposited as security for their j.jnt collateral trust I'ouds, the Cln.
Dayton leasing the portion of the
road within the State of Ohio. V. 78, p. 2598, V. 79, p. 211, 2696.
Stook outstanding, $4,206,000; par of shares, +100
The Cin. Richmond
Munoie 1st 5s, Chicago
Cincinnati, and Cin.
Ind. West, issues are all subjeot to call at 110 after 10 years from
their issue, the Cin. Rl h.
Muncie after Oct.. 1910 See official statement, V. 71, p. 1066; V. 74, p. 1195. The gen. and ref. 4Ssof 1903
(American Loan ATmstCo. of Boston and Union Trust Co. of Indian
apolis, trustees,) are unconditionally guaranteed as to interest by the
Pcre Marquette and 01 cm. Ham.
Dayton until July 1, 1914; euf
licient are reserved to retire all prior issues, including equipment
mortgages; balance for extensions, improvements, etc V. 77 d
349, 153*; V. 80, p 649.— (V. 80, p. 649; V. 81, p. 899.)
Ham &
A
A
&
&
A
RR.— Operates
Eastern Illinois
road (double track
106 miles) from Chicago, 111., to Terre Haute, Ind
and bituminous coal fields; also to Thebes and Joppa, 111.
An extension from the main line at Findley to Pana, 111., on the CI
Cin. Chlo. A S. L., 20 miles, was operated from Aug., 1904, affording with trackage over the Big Four a through line for the 'Frisco to
Chicago.
,
V. 75, p. 1087.)
Lines owned in fee.
Dolton to Danville, HI
Danville,
111.,
Momence
300,000
May, 1905, of the bonds given above as outstand'g
!
Chicago
l,254.oo0
2,500,000
12,000,000
10,000,000
1905
1,000
1890
1,000
1890 1,000 Ac
1888
Annual Report.— Fiscal year ends June 30. Report for 1903-04 was
to Danville Jet
Where Payable, and by
to Brazil, Ind
Branches to Coal Mines
Miles.
107
61
Rossville Jet. to
15
Judy ville, Ind. 14
Hunt's Extension
Jc,IU.,to Brazil,Ind.l30
Danville Jc, 111., to Thebes, 111.277
Joppa Jet to Joppa, 111
16
Cissna Jc. to Clssna Park, 111.. 11
7
Trackage, etc.
Pana, 111., to E St. Louis
82
Chioago to Dolton, Ch.AW.Ind. 17
Otter Creek Juno, to Terre H..
6
Rossville Jo. to 8idell Jc, 111.. 34
Percy Jet. to La Crosse, Ind... 46
Other lines
31
MilfordJc.Hl.to Freeland.Ind 11
Total operated July, 1905.... 947
Coal Blutt, Ind., to Casey, Ind.
7 Double traok...
14b
Woodland, 111., to Villa Grove. 62 Side tracks
420
Findlay, HI to Pana
20
H18T0RV LEA8K8, Ac.-In August, 1902, the St. L. & San Fran
acquired the greater part of the stock, as said below
The road
forms part of a through line to New Orleans, opened in Jan 1905
The Chicago A East. 111. owns $1,000,000 stock of Chic. & Western
Indiana. Special lease of Chicago freight terminals. V.
819
78,
In 1904 (P; acquired control of the Evansville A Terre Haute, pwhich
forms part of the through line between Chicago and Evansville.
V
05, p. 995; V. 81, p. 1239.
,
1
,
:
—
Slocks
Last
Dividend.
Whom.
1881 $1,000 $8,000,000
6
1877 100 Ac.
7
5,000,000
1880
1293,000
7
1,000
1879 600 Ac k 1,078,000
6
1878 100 Ac j 1,125,000
7
1880
7
1600,000
1,000
1900
5 g.
1,000
1.8O4.000
1902
1,<00
750,000
5 g.
1902
1,000
600.000
5 g.
1903
1,000
413 g.
2,796 000
1902
5
1,000
350,000
1903
240.000
5 g
1,000
100
8,992,700 6 In 1905
1877 100 Ac
6
2,709,900
1880
6
1,000
97,000
1881
1,000
6
91,000
1884
1,000
6 g.
2,788,000
1887
1,000
42,000
6 g.
1887 1, 000 Ac 16,529,000
5
1886
1,000
5
4,626,000
1881
1,000
6
150,000
1878 500 Ac
7
150,000
1905 l.OOOAc
4 g.
5,000,000
949.974
1903
5
1,130,000
Burlington <6 Missouri RR. in Nebraska consol. mortgageof 1878 Is for
$14,000,000, and is now a 1st M. or 1st collateral lieu; all except the
exempt bonds are subject to call for the sinking fund at par; $171,400
retired in 1903. The " exempt" bonds may be oalled after 1908.
General Finances.—Corn being one of the principal articles carried
the earnings vary greatly according to the size of the crop.
In Apr., 1904, $15,492,000 111. Div. 3*2 and 4 per cent bonds were
sold. V. 78, p
391, 1961.
A
Amount
19'>5
249
249
am tax— f nnoipal,When Dae.
INTEREST OF DIVIDENDS.
Size, or
dt
St. Jo., oonsol.
Rep.Val., lstM.,gu.,(dr. at 100) s. f.,$14,000y'ly.e
Atch. &Neb., IstM., At. to Lin., Neb., etc, guar. o*
Llno'n A N. W. RR. 1 st M. guar s. f 1 p. c not dr'n
Chicago Oi >. dk I.ouisv.—C.R AM. IstM.. g OB.o*
Chicago
Ctnoln. IstM $7*0,000, g., call, text.
Cln
Ind. W., 1st M., $600,000 call. text.OB.c'
Ch. Cln
L. gen. <fe ref. M., guar., text. A B.c*
Hooster Equip. 1st M., ser. A, guar. p. <& 1 It II
Equipment trusts, $300,000, part due yearly..
Chic, dt E. Ill— PI. sfk, 6% non-onm ($10,000 p.m.)
lstmort. (s. f. $20,000, no drawings)
Ce.o*
Danville A Grape Creek RR.- 1st M., assumed, .o*
Extension, 1st mortgage
o*
Consol. mortgage (for $6,000,000), gold
Ce.o*
Collateral trust bonds, sinking fund
o*
Gen'l oonsol. and 1st mort. $30,000,000.. Ce cfcr
A
Date
33
of
Par
Road. Bonds Value. Outstanding
tables.
Quincy—< Concluded)—
M., now 1st M..F.0
K.C.St.J.A Coun. Bl.,oon. M. (Nos. 1 to 500pf.)o
1st Ms. Nod. and Tark. Val.RRs. s.f.(dr.at 100).
Hannibal
:
.
4*g
M.
J.
J.
J.
M.
J.
A.
P.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
&
8.
J.
D.
J.
8.
J.
O.
A.
D.
M.
J.
A.
F.
M.
J.
M.
J.
J.
M.
J
4>sg. F.
Bost.,
Am.
L.
& Tr.
Co.
1
1,
8 Dep. ATr. July, 1906-12
Boston, Am. L. ATr. Co. To June, 1913
N.Y., Hanover Nat. B'h Oct. 2, '05, l**
Dec 1, 1907
N. Y., 4th Nat. Bank.
N. Y., Central Trust Co. May 1, 1920
N.Y., Fourth Nat. Bank. Deo. 1, 1931
N. Y., Central Trust Co. Oct. 1, 1934
do
do
Feb. 1, 1912
D.
do
do
Nov.
N. Y., Met. Trust Co.
N.Y., Farm. L. ATr. Co.
do
do
New
do
J.
N. Y. Blair A Co.
New York.
A.
N. Y., Blair
A Co.
$53,400;
j
$50,400;
1937
May
1,
1920
July 1, 1908
July 1, 1955
To Apr. 5, '13
York.
do
1,
Jan. 1, 1936
To
Sept.,
1910
To 1915
New York, Erie RR.
5 g. M. A N.
Mostly owned by Erie RR.
5 g. J. A J. New Yo rk, Erie RR.
Of b, $2,193,400;
July
1911
1907
1920
1919
1908
1910
1950
1958
1952
1953
J. Bost., Bost.
A D.
A N.
A D.
A O.
A A.
A N.
A J.
A N.
A J.
A J.
A 8.
A
&
1,
1,
do
do
June 1,
Boston, Bk. of Com'roe. July 1,
do
Moh. 1,
do
Boston, Co.'s Office.
Jan. 1,
Bost., Old Ool. Tr. Co.
Oct. 1,
Bost., Old Col. Tr, Co.
Feb. 1,
Bos., Old Colony Tr. Co. June 1,
J
Q.—J.
J.
N.Y.,Bk.of No.America. Moh.
Boston, 2d Nat'l Bank. Jan.
Aug. 1906-'15
May 1, 1982
Oct. 1, 1982
July, 1918
k, $508,800;
1
$47,000.
In Apr , 1905, the bridge of the Southern HI. A Missouri Bridge Co.
(which see) was opened across the Mississippi River, forming with St.
Louis Southwestern a direct line to Texas points. V. 71, p. 1219; V. 74,
p. 936.
Stock.— Common stook if sued $7,217,800 ($15,000 p. m.). In addl*
com and $161,300 pref. were in treas'y in July, 1905.
In Aug., 1902, the St. Louis A San Francisco RR. gave in exchange
for the common and preferred stock Its stook trust certificates at the
rate of $100 thereof for each $100 share. V. 75, p. 289. In January,
1905. all of the $7,217,800 common and $6,211,700 of the $8,992,000 preferred had been exchanged on this basis. The St. Louis A
Sai> Fran, has the option to retire the trust certificates at any time at
$250 per $100 common stock trust certificate and $150 per $100
pref. stock trust certificate, payable in gold, and obligates itself to
pay off the em ire issue in 40 years from date at the same rates meanwhile obligating itself to pay 10 p. 0. dividends on the common and 6
per centum on the preferred trust certificates, respectively, these
amounts being equivalent to 4 per cent on the principal sum to be
eventually received in payment therefor. Upon failure to pay any
dividend within 30 days after demand therefor, any holder may surrender the certificates to the trustee and receive the shares represented
thereby. See also V. 75, p. 289, 393, 1031. A majority of common
stock trust certificates were in 1905 exchanged for certificates in denominations of $1 000 each re resentling 4 shart s of common stook,
bearing 4 p. 0. interest, and payable in 1942 at faoe value. See form
tion, *e.408.3O(>
V. 80, p 1*56.
Dividends—
On pref., p.
Common, p.
66666
2^ 3^
) '91. '92- '7. '98. '99. '00. '01. '02. '03. '04.
> 413
6 yrly
66 1905.
6
6 B-low.
c.
)
4»a 5^3 6
Jan., 5
In 1904, on common, Jan., 3 p. c; July, 5 p. 0. No later dividends,
on corumon stook declared, because all exchanged for St. L. A 8. F.
trust .ertifloates
V. 80, p. 2398.
Bonds.— xne general consol. and 1st mortgage of 1887 (trustee, Central Trust Co.) provides for the retirement of $6,042,000 prior bonds and
for issue of bonds on new road at $18,000 per mile for single track
also for bonds for equipment at $7,oOO per mile and for double traok at
$8,000 per mile. In 1897 the gen. consols, were limited to $30,000,000. See V. 64, p. 1088; V. 78, p. 1446; V. 79, p. 1331; V. 80 p. 1728Serles B equipment bonds mature $57,000 each June and Dec and
$56,000 each March and Sept.; ser. C. $53,000 semi-an. (J. A J.); ser.
D, $15,000 quar. and ser E $125,000 each, Feb. and Aug.
The refunding and improvement gold 4s of 1905 ($55,000,000 authorized It sue) issued and issuable as follows:
Sold for imi'rovemen s an to remimburse the company for it-> Investment in the Thebes Bridge (see Southern Illinois & Missouri Bridge
( o.,V. >-0 p. 1424) and in certain stocks and bonus of other
.
<
companies
$5 000,000
Issuable as re quireo, for additions and imi rovements, in
eluding equipment
15,374,000
Reserved to reure, $ for $. the $30,000,000 gen. oonsol and
937. 1 sued and issuable, and $4,626 000 Chic
1st 5s of
A Ind Coal Ry. 5s
34,626,000
General Finances.—This company owns most of the oapltal stock
of the Brazil Block Coal Co. and oarrles all its coal. It carries also
the coal of the Danville, Clinton and Williamson county fields.
Annual Report.— The annual report for 1904-05 was In V. 81,
Rate per ton per mile was 0462 ota. In 1904-05.
p. 1239.
lear end. June 30.
1905
1904.
1903.
1902.
MUes operat. June 30
947
758
751
738
Gross earnings
$8,423,378 $8,664,042 $7,723,84b $6,277,494
Oper. exp. A taxes. . 6.019,850
5,69 1,93?
4,552,089
3.«99.732
Net earnings
$2,403,528 $2,972"009 $3,' 71,759 $2,577,762
Net (incl.oth.income).$2,55 1 ,698 $3,327,651 $3,544,558 $2,826,909
I,506,4e8
Interest paid
1,2-<V,323
1,356,778
1,245,889
Rentals
264,764
225,655
157,523
132,138
Div. on pref. stock.
(6)499,842 (6) 409,842 (6)409,842 (6) 409 -<42
Div. on com. stock... (5)360,890 (8) 577,424 (6)433.068 (6) 431,868
Const'n„depreo'n, eto
400.121
.-^.
920,646
607,172
Balance
def.$80,266
$357.e31
$341,155 " None.
Officers.— President, A. J. Davidson, St. Louis; 1st Vice-Pres.. Robert Mather, New Yors; Secretary, J. S Ford. N. Y. office, 71 Broadway. -(V. 80, p. 2219. 2398; V. 81, p. 30,1043, 1239.)
Chicago A Erie
(See Map ErieRRj—Ovrna from Marion, O.,
to Hammond, Ind., 249 miles, and leasee trackage over Chicago A
West. Ind. to Chicago, 20 m.
Erie RR Co. owns entire $100,000 stook.
Bonds.— The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 miles of road, the oontraot with the Chioago A
Western Indiana, $1,000,000 of that company's stook and $240,000
stock of Chicago Belt Ry. See abstracts V. 51, p. 911. V 61. p 750.
Chicago Great Western Ry.— (See Map.)— History.— The Chioago St. Pam & Kansas City was organized in May, 1886, and in December, 1887, merged with Minnesota A Northwestern. In August,
1892. reorganized per plan, Vol. 55, p. 856.
On Sept. 7, 1893, the Great Western acquired by deed the title of the
Chicago St Paul & Kansas City Ry. (81567 miles). In June, 1902,
the old mortgages were satisfied of record; V. 74, p. 726. As to 7-year
contracts mane in 1^02 with packing companies, s^e V 75. p. 341.
Road.— Operates tht Maple Leaf" route, radiating from Oelweln
la., northerly to St. Paul easterly to Chioago and southerly and westerly to Kansas Citv and Omaha, embracing
,
.
RR.—
,
2
.
;
,
KAILWAY STOCKS AND BONDS.
:±4
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Map of the
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:
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
RAILROAD S.
Miles
Date
Size, or
35
INTEREST OR DIVIDENDS.
Amount
Rate per When Where Payable, and by
of
of
Par
For explanation of column headings, Ac, see notes
Outstanding
Payable
Whom.
Cent.
Road. Bonds Value.
on tlrst page of tables.
A Or. Trunk— See Gr. Trunk West. Ry.
Chicago Great Western—
Bonds— Principal, When Due.
Stoc ks— Last
Dividend.
Chicago
$100 $26,127,089
4g- J. A J.
Deb. stock, ouni., gold, $30,000,000, gold
100 11,336,900 See text. Semi an
Preferred stock A, $15,000,000, 5 per oent, gold.
None) Seml-an R. Benson A Co.,
100
9,468,090
Pref. stook B, 4 per ot. ($24,000,000 auth.)
London, England,
100 44,464,545
paid. J
Common stock, $50,000,000
or Chicago. Gc. W.
1£02 Various
280,363
Sterling 5-year notes 5s (no mortgage)
g 8emi-an
Seml-an
office, New York.
1903 Various
3,342.54 5
i
Sterling 5-year notes (no mortgage) red. at 101..
Semi-an
1904 Various
5
1,572,757
Gold notep, red at 101
1904
o&r
5,000
2,499,697
5g. V. A A.
I
Gold notes, $2,500,000 auth., red. at 101
Chic. Hammond dt West'n—See Chic. Junction Rr
Chicago <£ Indiana Coal— See Chic. A Easts rn II LINOI8
43 1902
1,000
500.000
5g. M. A N. N. Y., N. Y. Trust Co.
Chic. Ind. dt East— 1st M., g., red. 115 (text).N.C*
1903
500
6 g. J. A D. Met.Tr.A Sav.Bk.. Ohio.
(1)
Improvement niort., $100,000, g., red. at 103...
100 10,500,000 See text. J. A D, N.Y..J. P. Morgan ACo.
Chicago Indianap. A Louisville—Cora, stook.
do
100
do
5,000,000 4 In 1904 J. A D.
Preferred, 4 per cent, non-com., $5,000,000
do
do
1,000
J. & J,
3,000,000
6
L.N.A.AC., 1st Main Line.— N. A. to Mich. City..o* 289 1880
162 1881
do
do
1,000
2,300,000
6g. P. A A,
1st M., Chic. & Ind. Div., Chio. to Ind., gold..o*
do
509 1897
1,000
& J
do
4,742,000
J.
C. I. A L. refunding mort., $10,300,000, gold..Ce
i g
do
509 1897
& J
do
consols
1,000
4,700,000
6 g.
gold 6s, issued for old
Do
1900
1,000
93,000
Con.8toneCo.lstM.,$250,000,g.,gu.,p.Ai.red.text
6g. M. & N, Am. Tr. A 8av.Bk.,Chio
1,000 In treasury.
New York.
5g. M. A S
Indiana Stone RR. 1st M., guar
ClN. Chic. A St. L.
Chic. Ind. <£ St Louis Short Li*e - See Cleveland
1905
1,000
A S, N.W.Harris A Co., Chic.
1,800,000
4g.
Chic. June. KR.—Ut M., $2,327,000 g., red. 105.0*
:
2,500,000
6 g
& J. N. Y., Cent'l Trust Co.
Ohic. Junction Ry.— Ohio. Ham. A W. 1st M., g.o'Ar 27 48 1897 500, Ac.
100 58,183,900 7 in 1905
& o N.Y.Offlce,30 Broad St.
Chi. Miluo. & St. Paul— Common stock (See text)
A. & o.
100 49,612,400
do
do
7
Preferred stook7 per cent yearly, not cumulative
335 1878
1,000
J. A J.
do
do
o*
546,000
7
I. & D. Ext. IstM., convert, into pref.F
212 1879
J. A J.
do
do
1,000
4,000,000
6
S. W. Div. 1st mortgage Western Union RR....0*
419 1880 1,000
,r.
A J.
do
do
o*
7,432,000
6
So. Minnesota Div. 1st mortgage. F
,t.
133 1880
A J.
do
o*
1,000
2,840,000
5
do
Mineral Point Division 1st mortgage. F
395 1880
5 A 7
J. A J.
do
do
1,000
6,670,000
Hast. & Dak. Div., ext., 1st M. ($990 000 5s).F.o*
-
—
.
-
Chicago Great Western— (Concluded)—
nn ?i ed (total, 757 Mile*)—
Chicago to St. Paul
Oelwein to St. J< s«Dh
Llnets
iiii'ia.
BeeCreekto Beverly
8cmoer to Waverly*...
DeKi.lb,
Cedar
Falls,
4u2
289
*8
22
21
1'ackage <tc. (total, H3 mills)—
8t. Paul to Minneapolis
10
Chicago Terminals
Dubuque to Aiken
miles, viz.:
Oelw*>!n, la., to Council Bluffs...
Hayfleld, Minu., to Clarion. la
Branches to Lehigh and Coal.
ville,
Iowa
260
100
1*
Trackage righ' s Council Blufls
to South Omaha
10
It
Wis M nn. & Pac. 8R„ 271 miles:
Mankato to Red Wing
Red Wing t'l Osage
8
1906
&
1907
Various, 1908
Various, 1909
Aug.
1,
1909
May
1,
1942
Jan. 1, 1909
J'ne 28,'05,li«
J 'ne 28, '05,2%
1910
1911
1947
1947
1920
1948
July 1,
Aug.
July
July I;
May
Sept.
Mar.
Jan.
1945
1927
1,
1,
Oct 10,'05,3ia
Oct 10,'05,3i«
July 1, 1908
July 1, 1909
Jan. 1, 1910
July 1, 1910
Jan. 1, 1910
In Dec, 1903, filed a mortgage for $100,000 to the Metropolitan
Chicago. Tn year ending June 30, 1903,
gross earnings, $125,029; net earnings, $39,230; total deductions, $32,E. Drew, Ma thews, Ind.; Vloe-Pres.,
024; bal., sur., $7,206. Pres.,
Clarence A. Knight, Chicago, 111.- (V. 79, p. 1022. 1265, 2084.
Louisville Ky,- (See Jfap.>— operChicago Indianapolis
ates the -'Monon Route" from Chioago, 111., vlaMonon, Ind., to Indianapolis, Ind., and Louisville, Ky., with branches. The system lnoludes
Miles.
Lines ownea,
Oper. under contract—
Mile*.
Indiana State Line to Indianap .162 Chicago to Ind. State Line
20
New Albany to Michigan City 289 New Albany to Louisville
6
Bedford to Switz City
40 Connection in Indianapolis....
2
Orleans to Ft. Lick Springs... 18 Clear Creek to Harrodsb'g, Ind.
9
Switz City to west of Linton. . 10
Gosport Jc. to Switz City, Ind.
(coal only)
35
Total of all
591
A lease for 999 years with Chioago A Western Indiana (of whose stook
this oo. owns $1,000,000) gives entrance to Chicago on a mileage basis.
Owns one-third int. in Kentucky A Indiana Bridge at Louisville, Ky.
History.— Successor July 1, 1897, of Louisville New Albany & Chloago, foreclosed per plan in V 63, p. 922 Suit settled. V. 75 p. 1031.
In Aug., 1902, the Louisville
Nashville and Southern Ry. acquired 93 p. o. of $10,500,000 common and 77 p. c. of $5,000,000 preferred stock, on the basis of $78 and $9o per $100 share, respectively,
in their jolut 50-year 4 per oent collateral trust gold bonds at par, secured by the stock aoqulred, six-tenths of the. purohase price being
payable optionally in oash. See description of bonds under Louisville
A Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
Dividends.— On pref.. 1899, 1 p c; Oct.. 1900, to Juno, 1905, both
Inclusive, 4 p. o. per annum. On common, 1902, 1 p. o., 1903, 3% p. c;
1904, June, H4 p. c; Dec, l^ p. c; 190.^, June, 1^2 p. 0.
Bonds. Refunding mortgage oovers road, equipment, etc (including
$1,000,000 stook of Ch. A W. Ind and $240,000 stook of the Belt
Ry. of Chicago)
total authorized issue is $15,000,000, of which
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be issued only for betterments and equipment, not to exceed $300,000 in any one year, $2,091 .000, of the latter of whioh $1,833,000 had
been issued to July, 1905
Of jthe Consolidated Stone bonds
($250,000 authorized issue) $25,000 are subjeot to call yearly, Jan.,
1903 to 1906, inclusive, and the balance Jan. I, 1907. V. 73, p. 41.
Finances.— See statement to N. Y. Stook Exchange in July, 1897,
V. 65, p. 194, and "History" above.
Earnings.— 2 mos., ( 1905
Gross, $1,0^8,193; net, $399,063
July 1 to Aug. 31. s 1904
Gross,
969,166; net, 380,008
Annual Report.— In V. 81, p. 1098, showed:
1903-04.
1902-03.
Tear end. June 30— 1904 05.
1901-02.
DeaMoines Term oats
87
Wiijona to Simpson
Beverly to Kansas City
•<
9
Branch to Clay Banks
Joseph to KeeCreek
l,iM
Grand total owned, 'eased and operated under contract..
* Deduct Sumner to Wavcrly, la., kased Jan. 1, 1901, to Waterloo & C. F.
2*
R.T. By
Total operated (Jan. 1, 1904, and since)....
1,471
Securities.— The holders of debenture and preferred A stook appoint the finance committee, which exeroises general supervision of
finances. Additional securities of said issues can be put out, but only
with consent of a majority of both said classes of stock present at a meeting. Securities of other issues having a lien prior to preferred A can be
created, but only with consent of two-thirds of both olasses. The several classes in oase of liquidation will have principal paid in gold, according to their priority right to dividends. At extraordinary general
meetings of holders of debenture stock and preferred A stock collectively, holders of one-tenth of said stocks outstanding, present or represented, constitute a quorum and by a majority vote have power to
sanction any modification of the rights of said stocks. For rights of
each stock see editorial in Supp. for Oct., 1897; see also V. 71, p. 441.
In 1898 the authorized issue of 4 p. o. debenture stook was increased from $15,000,000 to $30,000,000 for future refunding and Improvements. See Finances below. V. 66, p. 133, 663, 1088.
In Nov., 1902, $6,500,000 common stock was issued to purchase part
of stock of the Mason City A Ft. Dodge RR. and part of stock of
Paoltic RR., 271 miles. V. 75, p. 1201.
Wis. Minn.
Stockholders
voted Feb. 18, 1903, to inorease common stook from $30,000,000 to
$50,000,000, $14 538,700 being exchanged for additional stock of
Fort Dodge and Wisoonsin Minnesota A Pacific,
of the Mason City
raising the amount outstanding to $44,464,545. V. 75, p. 1201, 1253;
V. 78, p. 154*; V. «0, p. 649. 2219
The btcckholders voted Sept. 7, 1905, to authorize an increase
in the preferred B stook from $10,000 000 to $24,000 000, the new
stock to be exchanged, $ for $, for Mason City
Ft. Dodge pref.stock.
V. 80, p 2457. 2820.
The gold notes are a direct obligation ahead of the debenture stock.
No lien can be placed onproperty without providing for their payment. V. 79, p. 902. Equip, lease warrants Sept. 30, 1905, $354 924.
dividends.— On pref. "A" paid Jan.,1899, 2p.c; in July, 1899 2 p. e.i
in 1900 to Feb.. 1904. 5 p. o. yearly: none smoetoOot., 1905. Dividends are exptcted to be resumed in Feb., 1906. V. 81, p. 974.
Finance - In 1903-4 $4,000,000 five-year 5 p. o. notes were issued
V. 76, p. 809; V. 78, p. 1219; V. 79, p. 626.
Both the Mason City A Fort Dod^e RR. and the Wlsoonsin Minnesota
A Paoiflo RR. are operated for 100 years under agreements dated
Apr. 1, 1901, the Chio. Gt. West, receiving their entire net earnings
A
&
&
above interest on bonds and owning their entire stocks. By later
agreement the Mason City & Ft. Dodge receives 60 per oent ou business int- rchanged, any surplus above Interest to be held for payment
of future coupons. See separate statement for each co. V. 73, p. 566,
722; V. 74, p. 93; V. 75, p. 1201: V. 80, p. 1911.
In Apr., 1905, $12,000,000 Mason City
Ft. Dodge 4 p. o. bonds
were sold. See that company and V. 80, p. 1363, 1911.
Earnings.— 2 mos.,)1905
Gross, $1,316,933; net, $409,431
July 1 to Aug. 31. ] 1904
Gross, 1,153,909; net, 305,511
Earnings since Jan. 1, 1904, are based on 818 miles of road proper only, the
net earnings of the proprietary lines over bond Interest being included.
Repobt.— Report for 1904-05, V. 81, p. 897, 905.
1905.
1904.
1903.
1902.
Average miles
818
874
929
&
$
$
8,022,674 7,823,191 7,549,699
1,902,632 2,184,662 2,060,230
431,368
408,144
390.815
283.625 174,585
147,999
1,044,976 1,025,693
925,207
Div. on pref.stock "A".
....(2ia)284,310(5)568,620 (5)568,620
Miscellaneous
6,568
Balance
sur.l91,400def.l41,647 sur.7,620 but. 21,021
Officers.— President, A. B. stickney; Vioe-Pres., A. Oppenheim;
Secretary, R. C Wight; Treasurer, R. O. Barnard; all of St. Paul.
Directors- A. B. Stlcknev, A. Oppenheim. 8. C. Stickney. F. Weyerhaeuser, J,
W. Lusk, H. E. Fletcher, T H. Wheeler. M. D. Flower. R. C. Wight. New SToik
office, 31 Nassau St.— (V. BO, p. 2620; V. 81. p. 840, h9? 90*, 974.)
Chicago Indiana 4c Eastern Ry.—Owns Converse, Ind., to
Munoie, 43 miles. In Sept., 1904, G. W. Bartlett of Munoie, Ind. was
appointed receiver, the floating debt being over * 150,000. V. 79, p.
1022, 1265. On Oct. 29, 19c 4. $30,000 receiver's certificates, due in
six months, were authorized. V. 79, p. 2084.
Capital stock authorized, $1,000,000. Of the 1st 5s of 1902
($1,000,000 authorized) $500,000 are reserved for future require,
Trum
A Savings Bank Co. of
H
A
—
96
11^
54
St.
Sear ending June 30.
Gross earnings,
7,377,711
Net income
2,038,618
Rentals (lnol. equipment). 433,516
Interest paid
368,726
Int.ln cash on 4% deb. stk.l, 044,976
Peb.29,'04, 2i«
ments.
Operated under agreementMile*.
Mason City & Fort Dodge, 385
etc.,
branches
July 15/0 \ 2%
,
.
'
A
—
;
Gross earnings
Net earnings
Div. etc received
$5,609,750
1,979,710
160,432
$5,300,623 $5,066,131
1,884,454
1,949,773
257,031
155,751
$4,581,158
1,728.024
129,448
Total net inoome. $2,140,142
Interest on bonds
$772,100
Rentals, eto
253,094
$2,141,485 $2,105,524
$772,100
$772,100
250,023
224,193
$1,857,472
$772,100
199,197
Total
$1,114,948 $1,022,123
$996,293
$971,297
Surplus for dividends. 1,025,194 $1,119,362 $1,109,231
$886,175
Div. on pref. 4 p. o
200,000
200,000
200,000
200,000
Div. on common.. ..(2%)288, 750 (2^)262,500 (2>*) 262,500 (1)105,000
Officers.— President and General Manager, W. H. MoDoel, Chicago;
Vice Pres., Morton F. Plant, New York; Treas., W. H. Lewis. 198 Custom House Place, Chioago; Sec J. A. Hilton, 80 Broadway, N. Y.
Directors— J. H. Emanuel, A. H. Uil'ard, A. T. Frenoi Ch as. Steele, R. M.
Gallawav. Temple Bowdoin, Mortoa F. Plant, New York; W. H. McDoel. Q. B.
Shaw, E. C. Field, Chicago; J. Murdock, Lafayette, Ind.— V. 79, p. 1285, LiiH;
,
p. 974. 109S
Chic. Indian. A St. Louis Short Line Ry.— (V. 79, p. 785.)
Chicago Junction RR.—To be an elevated road, 3*75 miles of
track, extending from junction with South Side Elev. RR at 40th St. to
V. BO, p. 182, 221, 23»8; V. SI.
)
the Stock Yards. Leased to South Side Elev. for 50 jears (with right
to purohase at cost within 20 years) at a rental c >vering bond interest and ail expenses
Capital took, $50,000. Bonds are guaranteed,
prin. and int., by Chicago Junction Railways A Union Stook Yards
Co ; they are subject to call at 105 after 1910.— (V. 80, p. 871.)
t»
Chicago Junction Rail way.—Owns and operates a
around Chicago from Whiting.
Una
belt
Franklin Park, 111., from ChapU. S. Yards, and in the Union Stock Yards district oonneots
with industries and all diverging roads. Mileage operated (first traok
only), 74-93 m., of wnichChic Juno. Ry. owns 27-48, the balanoe being
operated under lease, trackage rights and other agreements; total mile
age, tnoluding second traok, yard traok and sidings, 271*38 miles.
Stock.— The entire capital stock, $2,200,000, is owned by the Chicago
Junction Rys. A Union Stocks Yards Oo. See Industrial Cos.
Bonds.—First mortgage of C. H. A W. for $2,50C 900 (trustee, K.
Francis Hyde, N. Y.) assumed. V. 64, p. 287.
Earnings.— For year ending Deo. 31, 1904, gross, $2,255,551 net,
$293,342; other Inoome, $57,890; charges, $166,282; dividend*
(6 p. C), $132,000; surplus, $52,949.— (V. 78, p. 583; V.80, p. 64»,711.
Ind., to
pell, 111., to
:
!
RAILWAY STOCKS AND BONDS.
36
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RAILWAY STOCKS AND BONDS.
Oct., 1905.]
•>.
1
37
Subscribers will confer a great favor by giving immediate notice of any error discovered In tbese Tables.
Bonds—Prinoi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<tec,
see notes
&
St.
Size, or
of
Par
—
.
.
>
ft
*fl
1879
1879
1880
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1889
1880
1884
500
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1865
1866
1884
1871
1871
1872
1867
1871
1878
1878
1882
1882
4s in
500 &0.
500 &o.
500 &0,
1,000
100 &o,
t
an
reas.
Road.
Miles.
2nd & 3rd tracks
Lines owned (of which 28
385
miles owned jointly)
6,912 Trackage (inolud. 2d track)... 289
History, &o -The Milwaukee & St. Paul RR. Co. was organized May
5, 1863, and on Feb. 11, 1874, took Its present name. The system has
since been greatly extended by the construction and acquisition of
Other lines. The sale of the Milwaukee & Northern to the St. Paul was
ratified in beptember, 1893. In Mar., 1903, the Wisconsin Western
R. R., La-Farge to Wauzeka, Wis., 51 miles, was acquired. V. 76, p.541.
Branch from Davis Jet., 111., to MoNabb. 77 miles, of which 40 miles
1b trackage, was opened May 1, 1904. The White River Valley RK.,
with $50,000,000 authorized Btooi, authorized to build from ChamberUtn, 8. Dak., the present westera terminus of the St. Paul, to the
western boundary of Dakota, 200 miles, etc, is building 75 miles west
from Chamberlain. S. D. V 80, d. 1110; V. 81, p. 849.
In Oct., 1905, the Paciflo RB., with $3,000,000 authorized stock,
was incorporatea to build from Seattle to Wallula, Wash., and to
serve, It was rumored, as the western end of the proposed extension
of St. Paul to the Pacific Coast. V. 81, p. 1241.
Capital Stock.—The preferred stock has a prior right over the
eommon stock to a dividend of not over 7 per cent from net earnings in
each year, but if not earned it has no cumulative right. After payment
Of 7 per cent on preferred and 7 on common, both olasses share pro rata.
The stockholders voted on Oct. 4, 1902, to inorease the
authorized common stock from $58,183,900 to $83,183,900. See
V. 75, p. 793. Preferred stock on Deo. 31, 1873, was $12,274,483; it
has been increased to present figures almost entirely by exohange
Of convertible bonds for stock, only about $9,000,000 having been
Issued for other purposes (improvements, etc).
In Oct., 1905, only
$54o,0O0 prior lien bonds exchangeable for preferred stock remained
outstanding
02. '03. '04.
'05
yearly 6
7
7
7
7
yearly 7
7
7
7
7
older mortgages were pub.
lished in the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
Chicago dt Pacific Western Division, see Supplement of Jan. 1901.
Terminal five per cent bonds of 1884 cover terminal property
of several hundred aores In Chioago and Milwaukee.
The general mortgage of 1889 (see abstract in V. 48, p. 830) is for
9 150,000,000, to the United States Trust Co., of New York, as trustee,
and covers the entire railway property and franchises of the company
(therein described) subject to prior liens as below mentioned. The
prior lien bonds cannot be extended, but will be paid off at maturity.
On June 30, 1905, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose indicated, viz :—
Amount In the hands of the public
$30,341,000
In treasury of the company (unsold) see below
4,823,000
Total reported by the oompany as outstanding
$35,164,000
ReseiT ed for prior liens
$86,887,500
Available or eventually to become available for immovements, there being included in this amount the
„ 70 .
n~
bonds originally reserved for prior liens, which have
^ ' y48 0UU
Biiicebeen converted into pref. and common stock
J
Total authorized
$150,000,000
General dtnances, <fec.— Capitalization per mile of road June 30,
1905: Stock, $15,565; bonds, $17,677; interest charge, $8r>8.
In Oct., 1902, made a traffic agreement with the Union Pacific RR.,
terminable on notice, for through passenger and freight service from
Chicago to the Pacific coast. V. 75, p. 848, 1301; V. 76, p. 101.
In Apr., 1901, stockholders subscribed to $8,673,200 new stock at
par, the proceeds to reimburse the company for 301 miles of new road
built during the past two years, and provide for Kansas City out-ofl
and other necessary new construction, to cost $4,300,000, and in
Jan., 1902. $2,362,100 additional common stock was sold to pay in par
for 298 miles of new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In Oct., 1902, the rate of dividend on oom
mon was increased to 7 per cent.
The funded debt was increased during the year 1904-05 by the issue
J&.rl55,00, of g eneral mortgage bonds and was decreased $1,483,000 by underlying bonds retired and canceled of the latter, $953,000 were converted into preferred stock. Of the funded debt there
was
the treasury June 30, 1905, $5,912,000 (against $5,357,000
,-
I
>
;
m
&
&
&
&
&
&
&
&
&
&
&
&
J.
J.
J.
J.
J.
J.
J.
J.
J.
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J.
J.
ir
t
&
&
&
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
A.
J.
M.
M.
&
&
&
&
&
May
do
do
May
do
do
Ch.Mll.& StP.Ry. June
D. N.Y.,
do
June
do
D.
J. N. Y.,Co.'b Offloe,52
N.
D.
O.
D.
8.
& N.
& D.
Seml-an
M. & S.
M. & S.
M. & N.
WaU
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
J.
*
Dividend.
8t. July
Boston, Lee Hlgginson. Jan.
N.Y. Office, 30Broad St. July
do
do
July
do
do
Jan.
do
do
Jan.
do
do
July
July
do
do
do
do
Jan.
do
do
July
do
do
Jan.
do
July
do
Q.-F.
J.
Due.
Slocks—Last
N. Y.,Offloe,30 Broad
Q.-J.
M.
pal, When
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
1926
1989
1989
1910
1918
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
July, *05. 3>«
Oot. 2, '05, 2%
Feb. 1, 1915
May
June
Apr.
June
June
Nov.
Deo.
1916
1909
1911
1911
1917
1907
1916
1,
1,
1,
1,
1,
1,
1,
1908
1908
1907
1907
Sept. 1,
Sept. 1,
Nov.
1,
Add! tional amounts in treas ury, Bee
text.
additi onal in treasury.
Miles.
[
-
<feo.
;
'93. 94. '95. '96. '97 to '00. '01
-
1,000
500
;
On common. > 2 4 4 2 4 5
On preferred. 3 7 7 7 7 7 7
Bonds.—Abstracts of some of the
-
100
100
&
Drvs. since '91.) '92
5
$2,500,000
7
1,106,500
2,002,000
6
5,465,000
6
6
3,000,000
25,340,000
5g.
1,360,000
5 8.
4,755,000
1,250,000
i g
4,748,000
£ g
2,856,000
g
3,083,000
l
a24.000,000
4g.
3i* g.
all, 164,000
2,155,000
6
64.003,000
6
58,949,900 7 in 19022,395,120 8 in 1905
12,832,000
7
2,332,000
7
769,000
7
b 2,977,500
7 g.
C 2,546,500
7 g.
d 3,365,000
7 g1,592,000
7
k 4,038,500
7 g.
250,000
7
200.000
7
a 1,007,000
6
2,000,000
6
d n >t listed, see text
$1,000
IJiicago Kalamazoo Saginaw Ry.-Owns 55 miles, Pavilion
Stock, common, $2,000,000; preferred, $450,to Woodbury, Mich.
000; outstanding, common, $675,000; pref.. $271,000; par of shares,
$100. The first mortgage Is for $225,000 to Union Trust Co. of Detroit,
as trustee; bonds all in treasury; current accounts Jan. 1, 1902, $98,In 1901, gross, $84,248; net, $25,715 int. on debt, $9,907
836.
dividends, $6,266. President, James H. Dewing; Treas. and Seoy. H. C.
Potter, Kalamazoo, Mich.— (V. 61, p. 1063.)
Cbicago Lake Shore &. Eastern Ry,-See this Seotion for July,
1904.
Cbicago Milwaukee &. St. Paul Ry.— Operates from Chicago westerly to St. Paul. Minneapolis and Lake Superior, Oniahai
Neb., and Kansas, City, Mo., with lines, traversing Illinois, Iowa,
Missouri, Miohigan, Wisconsin, Minnesota and the Dakotas, viz.:
Road.
When Where Payable, and by
Rate
Whom.
Per cent. Payable
Paul—(Ooncl'd)—
F.o* 185
Lacrosse & Dav. Dlv. 1st mortgage
Wlso.Val.RR.Co. IstM., Toman to Merrill, Wls.o 107
NB.o* 161
Wis. Val. Dlv. 1st M. s. f., not dr'n
NB.o' 351
Dub. Dlv. 1st M., b. f.. not dr'n
120
Ohio. & Pao. Dlv. 1st M. (Ch. to Klttredge).F.o*
do West'n Dlv. 1st mort., (see text) gold.F.o* 1,117
68
Ohio. & Lake Superior Dlv. 1st mort., gold.F.o*
230
Wis. & Minn. Dlv. 1st mortgage, gold.F
119
Fargo <v Southern 1st mort., gold, assumed
Ch. Mil. & St. P. Terminal mortgage, gold... F.o*
Dakota & Great Southern 1st mortgage, gold..F i"59
77
F.o"
Ohio & Missouri River Dlv. 1st mortgage
Gen. M(for $150,000,000), goldSer. A..Us.o*&r 5,722
o* 5,722
"B'^^a
do
do
Mllw. & North'n 1st mort., Sohwarz.to Gr. Bay..o* 126
362
o*
Consolidated mortgage
Chic. «fc X. West.—Com. stk., $77,601,045 auth.Tr 4,273
Tr 4,273
Preferred stock (not cumulative) see text
x
788
Oh. & N. W. con. s.f. M. ($12,900,000), not dr.F.o
Cedar Rapids <fe Missouri Riv.— 1st mort. 3d Dlv. 150
122
M. of 1864, Oed. Rapids to Des Moines River.
Madison ext. 1st M., g. (s.f. $23,000,not dr'n).F 129
Menominee ext. 1 st M. g. (s. f $20,000, not dr F 114
62
Northw. Union lstM.,g.,Mil.toFond-du-Lao.F
Winona & St. Peter su inui*. (now 1st) assumed.. 139
184
1st mort. ext., gold, land grant, s. f., ass'd.o.F*
Plainvlew RR. and Minn. Val. 1st mortgages
"24
Booh. &No. Minn. 1st mort, guar, (assumed)
71
Dak. C. 1st M., gu. (Watert'n to Redfield, S. D.)F
Dak. Cist M.on So'eastDiv.(toIIawarden) gu.Un 125
*nd $159, 000 of
a Inol'g July, 1905, $4,66 1,000 of 3^3
$1.08 9,000
Coupon Interest J &J; registered Q- J.
,
Amount
Outstanding
Road. Bonds. Value.
fcit
Chicago Milwaukee
Date
of
>
June 30, 1904). of which $4,664,000 was general mortgage 3^8 and
$159 000 gen. M. 4s. During 1900-01 $4,000,000 of the general 3^8
and $100,000 general 4s were sold. V. 71, p. 1119; V. 73, p. 563.
Average freight train-load in 1904 0"> was 264 tons; rate per ton per
mile* 0-881c; In 1903-4 train-load, 245 tons; rate per ton per m. 890o
Gross, $8,423,092; net, $2,824,506
Earnings.— 2 mos., ) 1905..
Gross, 8,207,274; net, 2,889,817
July 1 to Aug. 31. S 1904
Annual Report.—Flsoal year ends June 30. Annual meeting la
held In September. Report for 1901 05 was given at length In V. 81, p.
-
838, 845; also editorial, p. 804. In 1904-05, of 23,303,908 tons Of
freight carried, grain furnished 20 p. c; other agricultural produots, 2
p.c; coaland coke, 15 p. c; lumber, 8 p. c; other forest produots, 9
p. c, and miscellaneous, 46 p. o.
1904-05.
1903-04.
6,829
Aver, miles operated June 30..
6,908
Passenger earnings
$10,126,958
$9,661,633
35,968,947
35,081,759
Freight earnings
3,788,209
3,586,942
Mail, express, <fec earns
Total earnings
$49,884,114 $48,330,335
Maintenance of way
$5,128,249
$5,336,626
4,6*1,783
Maint. oars and engines
5,181,586
18,597,343
Transportation. gen. exp., etc. 18,280,457
Taxes
1,632,333
1,600,732
,
Renewal aooonnt
1902-03.
6,647
$9,542,201
34,797,045
3,323,491
$47,662,737
$7,347,048
3,893,834
16,829,796
1,470,187
1,105,000
707.575
619,960
1.190.9O7
952,309
1,243,079
$32,294,040 $31,8 6.6y0 $31,598,174
Totalexpenses
Net earnings
$17,590,073 $16,453,745 $16,064,563
316.431
510,031
230,798
Other income
Total net income
$17,820,871 $16,77i>,l/6 $16,574,594
Interest on debt, etc
6,051,775
6.101,335
5,962,015
Balance for dividends
$11.8^,826 $10,718,401 $10,473,259
Dlv. on common 7 p. o
$4,072,873
$4,072,873
$4,072,873
Div. on pref. 7 p.
3,36*,35 8
3,349,388
3,433,«7 8
Balance, surplus
$3,277,lal
$3,050,998
$4,352,075
Officers.— Chairman, Roswell Miller, 30 Broad 8treet, New York;
President, Albert J. Earling, Chioago; Treasurer, F. G. Ranney,
Chioago; Secretary, E. W. Adams, Milwaukee.
Additions to property
Miscellaneous
Directors.— Roswell Miller, New York: A. J. Barling, Chicago: Frederick
Layton, Milwaukee: J. Ogden Armour, Chicago; Frank a. Bind, Joseoh Milbank. William Rockefeller, Peter Geddes, John A. Stewart, Samuel Spencer,
James H. Smith, Charles W. Harkness, Henry H. Roaers, New York.
Executive Committee.— ttos well Miller, A. J. Karliug, Peter Geddes, William
Rockefeller, Samuel Spencer.
New York Office—30 Broad St.— (V. 81, p. 838, 849, 974, 1241).
Chicago &. Nortb. Pacific
Chicago Terminal Transfer RB.
Cbicago
& Nortb
RR.—
Western Ry.— (See Map.)— Operates an
important 3ystem of roads uniting Chicago, 111., with Omaha, Neb., St.
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc, and
with the mining regions of Michigan and the Blaok Hills, including—
Road owned in fee
Miles.
Miles.
Main lines, eto
38
7,291 Sundry trackage
Entire stock owned—
Prlnoeton <fe Western
Total July 1, 1905
16
7,408
St. Paul Eastern Grand Trunk
2d track
799
—
60
(leased)
De PueLadd&East.
(leased)
3
Large interest owned—
Chioago St. Paul Minneapolis
& Omaha
1,686
History, &c—A Vandorbilt line (V. 75, p. 1086) organized i a 1859
In July, 1884, the capital stock of the Fre nont Elkhorn & Mo.
valley was acquired, and in Feb., 1903, the road was absorbed.
Its securities, except those held bv Chic & N. W., are in table
above. V. 75, p. 514, 516 On June 30, 1901, purchased Sioux
City & Paciuo RR. V. 72, p. 721, 1236; V. 73, p. 444; V. 75, p. 446.)
In 1900-05 various proprietary roads were purchased. V. 71, p. 291,
294; V. 73, p. 294, 1010; V. 75, p. 446; V. 81. p 840
In July. 1905,
extensions aggregating 363 m.les were under construction V. 81, p.
840, 1049. In Sept. 1905, the Pierre Rapid City <fe Northwestern Ry.
was incorporated to build from Pierre, So. Dak., to Rapid City, 165
miles.
V
81, p. 1174.
Capital Stock..— Of the oommon stock $2,338,538, and preferred
$3,835 remained in the co's treasury In July, 1905. Pref. stock has a
prior right to 7 p. c; then oommon 7 p. c; then preferred 3 per oent;
then oommon 3 per oent; then both olasses share. In 1903 the
authorized oommon stock was increased from $11,448,366 to $77,601,045 (making the entire stook $100,000,000). See General
Finances below. V. 75, p. 10?5, 1146; V. 77, p. 516.
The consolidated sinking fund bonds of 1915 have voting power.
—
Div.— ( '85.
Com
< 6Hs
(7!fl
'86 to'93. '94. '95. '96 to'99. '00. '01. 'C
02. '03. '04. 1905.
7 7
7
7
6yearly. 3
4 5 yearly. 6 6
Pref
8 yearly
7yearly
In 1902, on common, J an", 3 p.'c; July, 3 p. c and I p. o. extra in
1903 to 1905, 7 p. o. (paid JaJ.) On pf., Jan., l%p. c; April, 1% p. c,
July, l\ p. c. and 1 p. c. extra; Oct., 2 p. c; In 1903
1905, inol., 8 p.
c (paid Q.-J.). The extra dividends of 1 p o. each on the stocks in
July, 1902, inoreased the rate for the flsoal year 1901-2 to 7 and 8 p. o.
on the oommon and pref. stocks, respectively. V. 74, p. 1194.
Mli
'
;
w
,
F
,.
>
RAILWAY STOCKS AND BONDS.
38
RAILROADS.
Wor explanation of column headings, Ac,
on first page of tables.
.
)
5
Dee Molne8&Mlnn.l8tM.,Des M.toJewell Jo.PAo
Ottum.C.F.A 8t.P.lstM. ($25,000 p.m.), gu.Un.c*
No. HI. 1st M. ($20,000 p. mile), assumed Un.o*
Mil. L. 8h. & W., Consol. M. (now 1st) gold.Ce.o*
Mich. Div. 1st mort. (for $3,000,000), g..Ce.c*
Ashland Division 1st mortgage, gold
Ce.o*
Deben. (see text) sec. by mort of '89, g...Ce.o"
Ext.&In p. M.for $5.000,000,g., s.f. not dr.Ce.e*
Income bonds
r
(not cum.); no coupons
Marsh. Ex.lstM.$600,000($15,000 p.m.). Un.c*
O.AN.W.8.f.bdsof79($15,000p.m.)r'd.atl05.Fc<fcr
c*<fer
Sinking fund debentures, 1933
o*<fcr
25-year debentures
o*<fer
Chicago A No.
30-year deb
Exten. 4s, $20,000,000 ($20,000 p. m.).Un.c&r
Gen'l gold bond, mort., $165,O00,000.Us..o\sx
W
.
.
Size, or
of
Par
Road. Bonds Value.
CMeago A North Western— (Continued)—
Menominee River 1st M., two series (assumed).
Ohloago & Toman 1st (to be paid Nov. 1)
Chicago Ml). & N. W. const, (to be paid Nov. 1)
Un
Date
Miles
of
see notes
Un
Un
31 '76-'80
1880
152 J
$1882
1,000
57 1882
64 1884
1,000
1,000
76 1885
413 1881
1,000
82 1884
1,000
40 1885
1,000
693 1887
1,000
693 1889
1,000
1881
1,000
"40 1892
1,000
1,041 1879 1.000&0
1891 1.000&0
1884 l.OOO&c
1891 1,000*0
1886 l.OOO&c
1897 1,000 Ac
Amount
Outstanding
uwtuu — fnuti
INTEREST OR DIVIDENDS.
pal, When Dae.
Rate per When Where Payable, and by Stock*-— Last
Cent.
Payable
Whom.
Dividend.
$560,000
7
J.
1,528,000
601,000
600,000
1,600,000
1,500,000
5,000,000
1,281,000
1,000,000
436,000
4,148,000
500,000
400.000
12,320,000
9,800,000
f 5,369,000
g 9,819,000
6
6
M.
M.
7
5
5
F.
hl7489,000
M.
M.
M.
i g
i g
g
i
5
-
J.
-
M.
F.
-
F.
M.
A.
&6
A.
5
5
5
5
M.
M.
Boyer Val. Ry., let M.,
£.,
$16,000 per m.F.c*<fer
A la. Ry., 1st M., g., $16,000 per m. F.c*<fer
Mankato & NewTJlm, IstM., g., $416.000.F.C*«fer
Southern Iowa, 1st mort., $1,120,000, g.F c*Ar
Princeton & North., 1st M., $2,100,000, g.F..cfer
Peoria & Northw 1st M., $2,125,000. g.F...cfer
81oux City & Pao., 1st M., g., $4,000,000 F...c&r
Minn. A So. Dakota, IstM., gold, $528,000. F..c*
Iowa Minnesota & Northwestern 1st M., g.F.c*«fcr
Prem. Elk. & M. V. cons. M. $25,000 p.m., assumed
,
90
119
26
56
105
85
125
33
195
1898
1899
1899
1900
1901
1901
1901
1900
1900
1883
1,000*0
1,000 Ac
1,000
l.OOO&o
l,000&c
1,000 Ac
3iflg.
ff
1,440,000
1,904,000
p 416,000
N'neJuly'05
nl, 940.000
2,125,000
03,926,000
528,000
3,900,000
7,725,000
3^g.
J.
3ia g.
J.
8.
S.
N.
J.
8.
A.
A.
N.
O.
O.
N.
N.
Coupo
*•
l>
3J3g.
3>«g.
g.
A.
M.
J.
M.
&
&
&
&
&
&
&
&
&
A
D.
D.
O.
8.
J.
S.
l.OOO&c
F.
A.
g.
1,000
J.
J.
8«flg.
l.OOO&c
3iflg.
J.
J.
1.170
A.
1,000
6
O.
—In add'n sk. fd. July, 1905, held, a $58,000; b $172, 500; c $150.50 0; d $135,00 0;f$521, 000 (and
$» 94,000 (<fe$5, 321,0 00 on hind);
n $160,000; o $74,00 0; p All
h $1,143,000; k $202,500;
m
Chicago
&
North.
Western Ry.— (Concluded.)
Bonds.— General Mortgage.— See Abstract in V. 65, p. 1175
The authorized issue Is $165,000,000 (United States Trust Co., trustee)
$131,645,000 were reserved to retire underlying bonds, and remainder
for additions and Improvements, $4,000,000 at once and $1,000,000
a year thereafter. V. 65, p. 1070. V. 65, p. 69, 111, 571 V.75, p.980.
The sinking fund bonds of 1879 are secured by deposit In trust
of $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most Important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $5,686,000 are 6s;
the sinking fund Is at least 1 per cent of outstanding bonds, which
are subject to call at 105; ana through its operation the amount
outstanding has been reduced from $15,000,000 to the figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000
Ser year, if they can be redeemed at 105. See description of all the
ebentures on page 2, Supplement of April, 1895.
The extension bonds of 1886 are secured by deposit In trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Inoluded in
the collateral July 1. 1905, were $10,675,000 Fremont Elk Horn A Mo.
Valley lsts and $2,560,000 lsts Wyoming Central lets [consolidated
with F. E. & M. V.], etc. See F. E. A M. V. bonds below.
The Fremont Elkhorn rf Missouri Valley consols have a first lien on
1,170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and
branches to Hastings, Albion, &c, 613 miles), but besides the amount
of issue given as outstanding in the table $10,675,000 (along with
$2,560,000 Wyoming Central firsts, A. F. E. & M. V. Issue) are held as
part collateral for Chicago A North Western extension bonds of 1886.
General Finances.— Stockholders In Feb., 1903, subscribed for $9."
226,110 and In July, ^^S. for 910,609,200 new common stook at par.
raining the amount to $58,949,900.
Earntnos.— For 2 mos. end. Aug. 31: Gross, $10,289,603 in 1905.
against $9,554,090 in 1904.
Annual Report.— Fiscal year changed to end June 30. The annual
meeting lfr held the third Thursday in October. The report for 1904-05
was given at length in V.81, p. 1038, 1047. Fremont Elkhorn & Mo. Valley, 1,372 miles, inoluded from Feb. 16. 1903. See also edit., p. 1013.
Of the freight carried in 1900-1 (total 25,527,575 tons), ores fur
nished 23 per cent; lumber and logs, 15 per cent; grain, flour and mill
stuns, 13 per cent; other agricultural and dairy products, 3 per cent;
coal and coke. 15 per cent; metals and machinery, 5 per oent: stone,
sand, brick, etc., 5 per cent; livestock, 4 per oent; misoel., 17 p. o.
/Tears ending June 30
>— Tear end.—
1905.
1904.
1903.
.May 31. 1902
Averagemllesoper..
7,408
7,404
6,457
5,760
Passenger earns
$13,339,714 $13,027,708 $12,161,997 $10,886,139
Freight.
39,292,830 37,254,539 35,811,008 33,436,892
Mall, express, Ac...
3.112.731
3,052,337 2,666,137
2,321.091
Total earnings.. .$55,745,275 $53,334,634 $50,639,142 $46,644,122
Oper. ex p. A taxes.. 38.649.312 37.227,109 33,851,672 30.005,643
Net earnings
$17,0y5,963 $16,107,525 $16,787,470 $16,638,479
,-Years end. June 30.—<
Tears end. May 31.
1905
1904
1903.
1902
Total netreoelpts.... $18,631, 798 $17,596,760 $18,095,548 $18,058,159
Interest on debt
$7,988,976 $7,971,518 $7,475,970 $7,248,638
Sinking fund, etc....
225,000
225.500
230,316
234,695
Dlv. on common... ..(7)3,383,324 (7)3,393,324 (7)3,060,414 (7)2,737,868
Dlv. on preferred... (8)1,791,600(8)1,791,600 (8)1,791,600 (8)1,791,598
Real est., const., Ac. 4,600,010
4,000,000
5,013,418
4,697,055
Balance, surplus....
$642,898
$224,818
$523,830 $1,348,305
Officers.— President, Marvin Hughitt. Chicago; Vice-President and
Secretary, E. E. Osborn, 52 Wall St.. New York 2d Vioe-President,
M. M. Kirfcman, Chicago Treas. and Asst. Sec S. O. Howe, New York.
Directors.- W. K. Vanderbllt, F. W. Vaoderbilt, H. McK. Twombly, Samuel
F. Barger, Chauncev M. Depew. James Stlllman, James C. Fargo. Frank Work,
N ;J ,; Marvin Hughitt, Byron L. Smith, Cyrus H. MeCormlck, Marshall Field,
;
.
.
—
—
;
;
,
Albert Keep, Chicago: H. C. Frick, Pittsburtc, Pa.; David P. Kimball, Oliver
Ames, Boston: Zenas Crane. Dalton. Mass
-(V. 81. p. 30, 558, 613, 776, 840, 1038, 1047, 1174, 1241.)
Chicago Peoria
St. Lonls Ry.— Road.— Owns from Pekin
to Granite City, 111., 180 miles; Madison to Bridge June, 3 m.;
Havana to Jacksonville, 111., 42 m.; branch, Lookhaven to Grafton, 8 m.;
total owned, 233 m.; trackage, Pekin to Peoria, 10 m.; Granite City,
111., to Merchants' Junction, 3 m.; lnSpringfleld, Ham.: Madison. I1L.
to St. Louis Station, 7^ miles; total, 255 miles.
Reorganization of Chicago Peoria A St'. L. RR. and St. L. Chic A St
Paul Ry.. sold in foreclosure Jan. 8. 1900, per plan in vol. 68, p. 722.
In 1904 a majority of ihe stook and income bonds was deposited
&
with a committee (Thomas Carmlchael, 64 William St., Oharman)
under the terms of an agreement expiring Aug. 1, 1406', providing for
the conversion of the incomes Into first preferred and present preferred Into second preferred stuck and sale of the deposited securities
on certain conditions. V. 79, p. 2454.
Bonds.— Of the $2,000,000 prior lien 4«ss (City Trust Co. of N. Y.»
trustee), $350,000 are reserved for future extensions, Improvements,
etc.
Stock,
common, $3,600,000;
pref.,
$3,750,000.
Earnikgb.— For 6 mos. ending Dec. 31, 1904, gross, $940,876; net,
$162,981; other Income, $2,813; lnt and taxes, $111,961; bal. sur
$53,833.
Report for year to June 30, 1903, In V. 78, p. 340. In 1903-4,
gross, $1,762,931; net, $93,200; other inoome $3,500; total deduc-
1906
1905
1905
1907
Moh. 1, 1909
Moh. 1, 1910
May 1, 1921
July 1, 1924
Men. 1, 1925
Feb. 1, 1907
Feb. 1, 1929
May 1, 1911
Oot. 1, 1922
Oct. 1, 1929
May 1, 1933
Nov. 1, 1909
Apr. 15, 1921
Aug. 15, 1926
n Int.M.&N.; regls.Q.F. Nov. 1, 1987
J. N.Y.,Co.'sOfBoe,52
N.
N.
A.
F 15AA.
ml9965000
3*3
3*2
A
A
A
&
A
A
&
A
A
A
A
A
A
&
&
&
A15AO
4
Branch Line Bonds Assumed.
Minn.
[Vol. lxxxi.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
uo
Wall July 1,
Nov. 1,
Nov. 1,
Feb. 1,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
$10,000 on hand);
In 8. f.: U Coup. Int.
Deo.
June
Oot.
Sept
Jan.
Mch.
Aug
Jan.
Jan.
Oot.
1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1923
1924
1929
1925
1926
1926
1936
1935
1935
1933
$181,000;
&N.; reg.Q.-F
tions, $222,609; balance, defloit, $125,908. Pres., Charles E. Kim;
ball.
York; Seo'y and Asst. Treas., H. W. Berger, Springfield. 111.
Treas. and Asst. Sec. C. M. Gleason,
York.— (V. 79, p. 2454 )
New
New
Chicago Rock Island A Pacific Railroad.—Incorporated
Iowa on July
In
an operating company, per plan V.75, p.
239, to take over th* Chic R. I. & Pao. Railway. The entire oapital
stook ($145,000,000) Is owned by the Rock Island (holding) Company.
31, 1902, as
Bonds.—The collateral trust 4s of 1902 (authorized issue $75,000,000) are secured by a pledge with the trustee of an equal amount
of the stock of the C. R. I. A P. Railway as acquired. In July, 1905,
$69,929,200 of the $74,817,100 Railway stock had been acquired.
In 1905 $17,329,000 of an authorized Issue of $18,500,000 collateral
trust 5s of 1913 had been Issued with Rock Island Co. stook in payment for $28,888,190 of the $29,000,000 St. Louis & San Francisco
com. stook. V. 76, p. 1406. Report for year ending June 30, 1905,
was in V. 81, p. 1238, showing: Total income $5,500,043; expenses,
$4,103; Int. on bonds, $3,647 333; divs. to Bock Island Co.,$l,950,000;
ba\, sir. for year, $32,933.— (V. 81, p. 1 238.)
&
Chicago Rock Island
Pacific Ky.—fSce Map Rock Island Oo.
pnges 116 and 117.;— The system extends from Chicago. 111., via
Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas
City, Mo., to Santa Rosa, New Mex.. there connecting with the lines
of the New Mexico Ry. & Coal Co. and forming with them and the
Southern Paolflo a through line to the Pacific coast; also from Tucumcarl, N. M., to Memphis, Tenn., and to Fort Worth, Tex., on the south,
and on the north to Minneapolis, Minn, and Watertown, S. Dak., with
numerous branohes, viz. (see V. 75, p. 1156; V. 76, p. 751
Miles
Mileage owned
Miles.
Mileage leased
162
Chic, 111., to Color. 8p'gs,Col.l,06i Keokuk A Des Moines
47
Davenport, la., to Terral.I.T. 710 Peoria & Bureau Valley.... IT
62
Herrlngton, Kan., to TexWhite & black River VaL.V
323 Little Rock & Hot Springs
homa. O T
23
Burrgi'n,ta.toMin'ap.,Minn. 303
Western
fl
Vinton. la., to Watert'n, 8.D. 376
—
—
1;
Branohltnes
294
.2,162
Louis, Denver, Pueblo, eto
468
St Louis to Kan. City (under construction!
304
Other lines under construo'n 272
Trackage to
4,944
Oapital stock all owned—
Choc. Okla. & Gulf (leased) .. 11999
112
Chic. R. I. & El Paso
389
Ohio. R. I. & Gulf.
St.
Total mileage oper. A under
construc'n June 30, 1905.-7,783
1,500
H See these companies.
In Oct.. 1P05, branch from Little Rook, Ark., southeast to Orossett,
with branoh to Eldorado, 143 miles, was under construction under
charter of Little Rook A Southern RR., connecting with Arkansas
Southern RR , Eldorado, Ark., to Winnfleld, La„ 100 miles, acquired
In Sept., 1905.
History.— A consolidation June 2, 1880. with $50,000,000 stock.
In July, 1905, $69,929,200 of the $74,842,600 oapital stock had been
deposited per plan V.75, p. 239, each $100 stook being exchanged for the
following securlt es: $100 in 100-year 4 p. c gold bonds of the Chic R. I.
A Pao Railroad (of Iowa) and $70 preferred and $100 oommon stook
of the "Rock Isi'd Company" (of New Jersey), which owns the entire
capital stook of the Railroad company. See statements for those oos.
The Union Paolflo interests. Jointly with the Ch. R. I. & Pac, control the Chicago A Alton Ry., the O. R. I. A P. owning $18,790,000
stock. V. 79, p. 1462, 2206; V. 80, p. 472.
in 1902 most of the stock of the Burlington Cedar Rapids & Nor. and
Rock Isl & Peoria were acquired, and their roads leased from June 1
and subsequently deeded to the C. R. I. A P. V. 74, p. 1194, 1250.
Stock.— In July, 1901. stockholders subscribed to $10,000,000
additional stook, raising the amount to $60,000,000. See below. In
1902 the stock was Increased to $74,836,100 by sale of $«,235..">00
at par to shareholders, the issue of $3 ,720,1 00 to take up Burl. Ced. Rap.
A Nor. and Rook Island A Peoria minority stock and $2,000,000 to purchase the St. Louis Kan. City A Colorado Ry., and by sale of $880,500.
V. 74, p. 1194; V. 75, p. 28; V. 77, p. 1742.
1905.
DIVIDENDS .. >'94 *95 '96 '97 '98 '99 to '02. »03. '04.
2 2^4^ 5 yearly. 7»s 8>4 To'Oct.,6»«
since '93. P.ot... S3>fl 2
In 1904, Jan., Ik; April, 3; July,l%; Oct.,2»«.; 1905, Jan. ,2; Aor., 2;
Oct., 2*4.
Special distributions to
stockholders, Including $1*63 per share
June 17, 1905, see V 80, p. 2398
Bonds.— Of the general 4s of 1898, those unissued are available as
follows: $25,900,000 at not over $1,000,000 per annum for permanent Improvements and additions, Including equipment, aud $12,500,000 to retire the 1st 6s of 1917. Bankers' Trust Co. of New York,
trustee. Mort. Abstract In V. 66, p. 522; V.78, p. 228; V. 80, p. 472.
The collateral trust gold 4s of 1902 ($24,000,000 authorized) are
secured by deposit of all the stock of the Choctaw Oklahoma A Gulf
RR. (see that company). V. 74, p. 775, 829, 936, 1356.
The refunding 4 p. 0. bonds of 1904 ($163,000,000 authorized
Issue) are a first Hen (either dlreotly or through pledge of the entire
issues of bonds of the companies owning the same) on terminal property in St. Paul, Minneapolis and St. Louis, new equipment, and shops
at Mollne, 111., and on railway lines aggregating 1,150 miles; also a
Oct.. 1905. J
RAILWAY STOCKS AND BONDS.
39
40
RAILWAY STOCKS AND BONDS.
(Vol. lxx^i.
Oct., 1905.
RAILWAY STOCKS AND BONDS.
/S
©
° °
&
41
.
:
:
RAILWAY STOCKS AND BONDS.
42
RAILROADS.
For explanation of oolumn headings,
on first page of tables.
Chic. }co.
&o., see notes
Date
Par
Road Bonds
—
EC
,
VCe
&
,
Omaha—
Com. stock..
St. Paul Minn. «£
Pref. stock, non-cum., including sorip (see text)
St. Paul Stillwater & Taylors' Falls 1st mort. ...o
Hud. & River Falls 1 st M. .Hudson to River Falls . c
Ch.8t. P.& Minn. 1st M.,g.,Elroy to L. St.C. ass'd.o*
St. P. & Sioux City, 1st M., g..$10,000p.m..Ce.c
Chicago
No.Wls.lstM. LakeSt.C.ton'rSpoonerass'd.Ce.o*
Sault Ste. Marie & Southwest'n 1st M., assumed.c
C.8t.P.M.&O.M.,$30,000,000 ($15,000 p.m)Ce.o*
do
consols., interest reduced
do
Chicago Southern— Bee Southern Indiana.
Oh. Sua.— 111. T. 1st M., $30,000,000, g.red.l05.I<:c
Chic. Dock M., assumed, red. 105 (V 68, p. 333).
Notes sec. bv 2d M.Chic. Dock, due $333,750 y'ly
Chic. Term'l Tr. JtR.—Ch.& Gt-W.lst M., g.,ass'd.o*
City of Chicago purchase money mort., assumed
Chic. Term. Transf.lstM.,g.,$16,500,000TJs.c*Ar
Chicago dt Western Indiana Stook (see text)
General M., gold, sink, fund, subj. to call 105..O*
Consol. mortgage, $50,000,000, gold IC
o*
—
Value.
1900 $1,000
1900
1,000
1.000
1900
1902 l.OOO&o
1903
1,000
100
1877 l,000&c
1898 l.OOOAc
1902
1.000
1904 l.OOO&c
1904
1904
1,000
1905
dt St.L
Pr.UenM.,g.,call at 107!s.Ta.c*
230
Consol. M., $2,000,000, g., called at 105. Col. .o*
230
Income M., g. (text) non-cum called at par
230
Ch.R.I.APac.RH.—Col.t.M.,$75,000,000.Ce.o*&r
Col. tr. M., $18,500,000, g., red. 102
c*
Ohio. Soek laid. & Pac. Ry Stock ($75,000,000).
1st M.,Clilo., 111., to Council Bluffs &br'ches.Us.c*
764
General mortgage, $100,000,000, gold
o*&r 3,165
Col. tr. M., g., Ser. D to P, dueyrly.red.lOlia.Ce.c*
Ref. M., $163,000,000, g., red 105 to 'll.Ce.c*Ar Text.
Notes ceo. by $11,250,000 ref. bonds, red. at 102
Chic.
R. I. Elev. M., g., gu. p. & i., red. par., c*
Consol. Ind. Coal 1st M„ g int. gu. red 110 s. f.G
Chicago St. Louis dt New Orleans— Bee III. Centr AL.
—
31ze, or
of
Miles
of
100
100
1878 iOO Ac.
1878 >00 Ac.
1878 500 <feo,
1879
1,000
1880
1,000
1890
1,000
1880
1,000
1880
1,000
21
12
177
607
80
37
1903
1899
1,000
1886
1,000
"91
1897
i'obo
"48
82-92
1,000
1.000
27
100
1905
junior lien subject to existing mortgages on all the other lines of the
system of the tiailwiy company, aggregating, exclusive of leased lines
and trackage, 5,690 miles. See General Finances below, also ChkonICLE of Jan 28, 1905, and full statement In V. 78, p. 228, 234; V.
79, p. 1 7 1 B, 2206. They are issued and issuable as follows
Issuable forthwith (compare "General Finances" below. .)$15,000,000
Issued or issuable to an amount equal to the value of bonds
so issued, to acquire property, including stocks and bonds 25,000,000
Reserved to retire at or before maturity all bonds of the
raxlway system falling due within the next 30 years
(none of such underlying bonds to be extended), also
to acquire $25,900,000 general 4s of 1898, issuable for
Improvements,
viz.:
BONDS TO BK TAKEN UP.
Chicago Bock Inland A Pacific Ry gen. mort, 48, hereafter to be Issued, v>«.:
(a) To retire at maturity first 8s of 1917
112,500,000
(b) At not exceeding fl,u00,uoo per year for additions
and ImproYpments
85,900,000
Burlington Cedar Raoids A Northern Ry. Co. cons. 6s
hereafter to be i«sued to retire
(a) B. C. R. A N. Bf. first mortgage So of 1908
8.500 000
(b) Cedar Rapids Iowa Falls AN. ist mort. 6s of 1921
1,906,000
Cboctaw Oklahoma A Gulf RR. (gee that Co.) consol.
5s, hereafter to be issued to retire $5,500,000 C. O.
AG. RR general mortgage 5s of 1919
6,500,000
Chicago Rock Island A Pac. Ry. gold 4s of 1902 (Choctaw
Oklahoma A Gulf stock coluteral)
22,410,000
6ix percent note" of 1905 of D. R. Francis and John
Scullln ($'<>,25",000 each) [paid Jan.
1, l»<>6]
Rock Island A Peoria Ry Co. cf-nfol. mort. 6s of 1925.
Choctaw oklaha. A Gulf RR. equip, trust certificates*
.
.
4,500,000
460,000
2.360.000
Miles operated
7,232
Passenger earnings
$12,050,781
Freight earnings
29,662,33k
Mail, express, rentals, etc .
2,338,342
7,205
$11,697,033
31,167,006
2,105,452
6,978
$11,490,544
30,917.281
1,968,795
Gross earnings
Net earnings
Other income
*44,969,491
13.194,598
1,333,833
$44,376,620
16.317.455
1,671,487
$14,519,472 $14,528,431
1,609,9*9
$1,437,578
8.176.373
7,062,655
(6>4%)4,676,622 (8%)5,985,060
$17,988,942
$1,319,300
Total income
Interest and rentals
Dividends
7,096,731
4,680,766
Balance.'
$56,437
$43,138
$4,892,145
Officers.- Chairman of Board, D. G. Reid; President, B. L. Winoheli:
Chairman of Exec. Com.. Vice Pre*, and Gen. Counsel, Robt. Mather;
2nd Vice Pr» 8. and Gen. Mgr., H. U. Mudtre: Sec. and Troas., George
H. Crosby. N. Y. office, 71 Broadway.-(V. 81, p. 777, 1238, 1256.)
Chicago St. Paul ITfiniieapolig 6c Omaha Ry.— (See Map Ohi
cago dt North Western.)— Road.— Elroy, Wis., to Omaha, Neb., 593 miles
other lines, 1,093 m.; total, July 1,1905, 1,686 m., of whiob 1,617 are
owned and 69 miles leased. V. 69, p. 1147. In Oct., 1904, purchased
Chippewa Valley & N. W. Ry., which was Incorporated to construot a
line from Rloe Lake, Wis., northe*st about 100 miles, of which 46
miles operated in July, 1905, and Eau Claire Chippewa Falls & N. E
Ry., of which 49 m. Chippewa Falls, Wis., to Yellow River, operated
History.—Tills was a consolidation July, 1 880, of the Ohioago St.
Paul & Minneapolis, the North Wisconsin and the St. Paul <fe Sioux City.
In November, 1883, Chloago A North Western Ry. purchased oontrol. viz., $9,320,000 common and $5,330,000 preferred
Stock.— Authorized common, $21,403,293 preferred, $12,646,833,
Held by the oompany June 30, 1904, common stook and sorip, $2,844,;
;
i
4i«g.
$1,650,000
2,000,000
2,000,000 Up to 5 p
69,929,200
17,329,140
5 g.
74,842,600 See text.
12,500,000
6
61,581,000
g>
S g.
19,422,000
4
32,55^,000
4g
7,500.000
4>s
1,000,000
5 g.
2,500,000
5g.
M.
&
I"'
3ifl
5
4
J.
g-
A.
5
5
g-
J.
J.
4
g.
J.
4
N.
6g.
4
g.
do
do
do
do
do
do
do
O.
J.
N.
D.
D.
J.
July 1
May
1
Apr. 1
Jan. 1
& D. N.Y.,lstNat.Bk.<feChlo. Deo. 1. 1928
1929
& O. North. Tr. Co., Chicago.
July 1, '0S-*09
& J.
& D.N. Y., Mercantile Trust. June 1, 1936
& N.I To City of Chicago. May 1, 1938
July 1, 1947
See text.
& J.
Chicago.
Q.—J.
Q.—M. N.Y., J.P.Morgan
340 preferred stook and
1908
1918
1918
1930
Nov. 1 1915
June 1 1930
June 1 1£30
do
do
do
do
do
do
do
I
M.
6
July
July
Nov.
&
&
&
&
&
&
-
5
6
17,000,000
665,000
1,335.000
394,000
650,000
15,140,000
5,000,000
9,179,667
17,071,000
when earned.
1, 1930
1, 1930
1, 1930
1, 2002
Sept. 1, 1913
Oct. 2, '05, 214
July 1, 191V
Jan. 1, 1988
do
A. N.Y., Offloe, 52 Wall St Aug.21, '05S*«
A.
do
Aug.21, •05,3i*
do
do
Jan. 1 190S
do
&
8
£ g
52 William, Mch
do
&
7
1,814,000
6,070,000
654,000
350,000
14,745,000
2,474,000
offloe,
Stocks— Last
Dividend.
N. Y., First Nat. Bk.
M. & 8.
do
do
Guar. N. Y., offloe 71 B'way.
J. & J.
N. Y., First Nat. Bk.
I. & J.
do
do
M. & N.
do
May, 1906-18
do
A. & O.
do
Apr. 1, 1934
do
J. & J. N. Y., First Nat Bank. July 1, 1907
A. <fe O. 1st Tr. & Sav. Bk., Chic Oci. 1, 1924
J. & D,
June 1, 1935
18,558,953 7 in 1905
11,259,911 7 In 1905
334,800
125,000
N. Y.
S.
& J.
er oent
M. & N.
J.
l
Due
pal.Wb.eu
<fe
J.
Oct. 1,'05,
<fe
Co.
Deo.
Ill.Tr.&S.Bk.Chio.ANY July
scrip, $1,386,921.
m
193V
1952
1,
1,
Preferred stook has a prioT
right to non-cumulative dividend of 7 per oent but common
to reoeive more than is paid on preferred.
Divs.— ) '91 '92 '93 to '96 '97 '98 '99 '00 '01 '02 '03 '04
Com.,%£ .. .. None.
2 2 3»« 5
5
8
;
66
is
never
1905
7
7
4 6^
7 per ann. (3ifl F&A.)
Bonds.—There are $75,000 Minneapolis Eastern 1st m. guar. 7s
due Jan. 1, 1909; $1,500,000 Superior Short Line Ry. bonds are owned.
Chicago 8t. Paul & Minneapolis 1st 6s, due 1918, and North Wisconsin
1st 6s, due 1930, are exchangeable at option of holder at any time,
In
dollar for dollar, for consol. 6s of 1880, due 1930. V. 68, p. 521.
1903. sold $2,000,000 3 >n p.o. consols. V.76, p. 653, 704; V. 77.p.2389.
Latest Earnings.— From July 1 to Aug. 31 (2 months), gross,
$1,943,115 In 1905; $1,825,523 In 1904.
Report.— Year now ends June 30. For 6 mos. ending June 30, 190 1,
$4,980,037; net over taxes, $1,421,344; Interest and rentals, $806,933: div. on com. stook (3 p c). $556,665; div. on pref. (i*Q p. c),
$393,988; bal def., $338,242. Report for 1904 05. V. 81, p. 1038
~-— Years end. June 30
Year ending
Pref
,
%)
'
•
1423.
Taxes
Outstanding Rate per When Where Payable, and b>
Cent.
Payable
Whom.
1904.
1905.
Latest Earns.— 2 mos. (1905
Gross, $8,352,978; net, $2,366,117
July 1 to Aug. 31.
Gross, 6,930,812; net, 2,163,593
J1904
REPORT. T Report for 19045 V. 81. p. 1238, 1256; see also edit ,p 1214.
Tear ending June 30
1904-05
1903-04.
1902-03.
$44,051 ,509
12,993.300
1,526,172
no uts—i nui
INTEREST OR DIVIDEND?,.
Amount
,
82,025,000
Reserved to provide 75 p. c. of purchase price of securities
of other companies hereafter acquired
13,500.000
Reserved to be issued at not over $2,500,000 yearly from
Jan. 1, 1904, for fu'nre improvements and equipment .. 27,475,000
As to Cblc R. I. & Pac. Elevator mortgage, see v. 79, p. 2590.
As to Consolidated Indiana Coal 5s, Interest guaranteed, see V. 80,
p. 2401,2623.
General Finances.- In Dec. 1904, $33,901,000 first aod refunding
4s had been issued, of which $25,553,000 were sold to pay for capital
expenditures theretofore made, including purchase o' $18,790,000
Chicago <fe Alton stock and f ^obligations maturlDg in 1905. In Jan..
1905, the issuance of bonds under sections 2 and 3 of artiole 1 of said
mortgage was warranted to a total of $40,000,000 (including a part
of the $33,904,000 Just mentioned), by expenditures aggregating
$46,271,939 made since Jan. 1, 1901, vie.:
Acquisition, construction and completion of 1148 miles
of new railroad, on which they are a first lien
$32,528,548
Shops at Moline, 111
1,763,749
Terminals at Minneapolis and St. Paul
980,986
New equipment
10,998.656
Compare V. 80, p. 472, and V. 79, p. 2206. In April, 1905, $7,000,000 additional was sold, of whioh $3.846,<;00 for Improvements and
balance aocount redemption of Soullin and Frarjcta notes. V. 80, p.
.
[Vol. lxxxi.
Dec. 31-/0
1.
Grossearnings
$11,926,000 $11,438,292 $12,055,271
7,726.662
7,676.528
7.435,860
Operat'g expenses and taxes
$4,249,472
$4,002,432
$4,328,609
Net earnings
121,283
124,276)
Net rentals paid
i cn9 aqq
i.w-«.<Ma
1,455.600
Net lnt.on debt (less other Inc.) 1,484,066 \
(7)787,976
Div. on pref. stock
(7)787,976
(7)787,976
Div. on com. stook
(7(1,298,885 (7)1,113,330 (6)1,113,315
500.000
500,000
Appropriation for lmp'ts
_ 400.00
$350,435
Surplus of RR. Co
sur.$154,269
dof.$1.313
$118,046
Ne- from land sales
$71,197
(?)
-(V. 79, p. 1955; V. 80, p. 221, 650; V. 81, p. 974, 1038.)
Chicago Subwav Co.— Incorporated In New Jersev on Nov. 21,
1901 Has acquired over 993» per cent of the $30,000,000 Illinois Tunnel Co. stock, which has completed 33 miles of narrow-gauge electrlo
tunnel railroad for the transfer of freight from the various railroad
terminals to the down-town business district and proposes to develop
and extend the system. Controlled by Interests identified with the
leading railroads entering Chicago. Also owns entire stook of Illinois Telephone Construction Co., the Tunnel Co operating over 8,000
telephones to be increased to 10.000; also owns entire stook
Chloago Warehouse A Terminal Co. V. 79, p. 2794, 2588, 2455,
501: V.78, p. 820; V.80, p.163, 600. Gov't mall oontraot, V.80,p.lll0;
,
V. 81. p 613
Stock authorized, $50,000,000, of whioh $10,000,000 to remain In
the treasurv; par of shares, $100. Bonds, see table above. V. 80, p.
163. Directors of Illinois Tunnel Co. now Include the Presidents of
the St. Paul, Atchison. Rock Island, Alton, Erie. O. B. & Q., Union
Paoitic, etc. V, 79, p. 2796. Pres., A. G. Wheeler. (V. 81, p. 10»8.)
Property.— Consists of
Cbtcago Terminal Transfer
passenger and freight terminals in city of Chicago, lines of rail
way leading thereto, and a belt line around the city. Company
owns 760 acres of land In and adlaoent to the olty, of whioh 50 acres
are In the centre of the business district; also lnoludes 7,500 feet of
dock property on Chloago River. Nearly all land, Including that upon
whioh tracks have been built, is owned In fee. Track owned, 84 miles;
leases from Chicago Junction Ry., 10 miles; trackage, 7 miles; total,
101 miles: 2d track, 57 m.; sidings. 116 m.; total all tracks, 274 miles.
History.— A reorganization In June, 1897, of Chloago & Northern
Pacino and Chic. &CalumetTerm., plan V. 64, p. 888, 898. In July,
1905, it was rumored the Ohio. Burl. & Qulncy interests acquired control
V. 81, p 154,1241.
RR.—
Reorganization. -A committee (Henry W. De Forest, Chairman),
representing the holders of large amounts of stocks and honds, will
prepare a plan of reorganization. Guaranty Trust of N. Y. offered to
purchase Jan., 1905, coupons on the general 4s; the July, 1905, Interest was not paid when due. V. 80, p. 116; V. 81, p. 154.
Hallgarten & Co. of New York requested bondholders to communicate with them before taking steps. V. 80, p 221.
Tenants.— Bait. & Ohio, Chicago Great Western, Chicago Junction,
Pere Marquette (the last named since Dec, 1903). See V. 77, p. 948.
Minimum rentals receivable from tenants amount
2158; V. 79, p. 90
to $513,500 annually. See V. 79, p. 2084.
Securities.— Stock— $13,000,000 common and $17,000,000 4 p. o.
non-cum. pref. Of the $16,500,000 1st 4s, $1,305,000 are reserved
to retire assumed bonds. V. 79, p. 901.
Gross, $284,282; net, $114,048
Latest Earns.- 2 mos. * 1905
1904
Gross, 266,995; net,
88,733
July 1 to Aug. 31,
Report.— Report for year ending June 30, 1905, given in V. 81, p.
897, shows, grosB, $1,540,113; net, after deducting taxes, $483,455;
bal., del.. $169,045.
Interest, $657,500
Seo and Asst.
Pres. and Gen. Mgr., J. N. Falthorn, Chloago, 111.
1 .
;
;
Treas..
W.
T.
1905, V. 79, p.
30 Broad St.. N Y.
1641, 2084; V. 81, p. 1241.— (V. 81,
Wisner 2d,
New
p.
directors Oot.
897. 1241.)
Cblcago Union Transfer Ry.— V. 72, p. 872; V. 73, p. 1207.
Chicago A Western Indiana RR.—Owns a valuable terminal
system of roads affording entrance into Chloago to the roads na tied
below. Its lines extend from Dearborn Station, Polk Street, Chloago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
.
:
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
RAILROADS.
<fec.
Date
Size, or
of
of
Par
see notes
Road. Bonds Value.
Chicago <e West Michigan—See Pere Marq. RR.
Chicago Wisconsin <k Minnesota— See Wisconsin
Chihuahua A Pacific -1st M., $2,000,000, g.OTa..
Choctaw <£ Memphis—See Choc. Oklah. & Golf.
Choc. Oklah. rf Oulf RR.— See Rock Island Co.
Cm. Bluffton A Chic— 1st M.. $1,500,000. g
ENTR
Af..
1,000
$2,000,000
5
g.
M.
&
.---
1903
1,000
See text.
5
g.
M.
&
92
1903
1,000
- •
-
69
60
Me.o*
General mortgage, $7,800,000, gold
95
Cin. Dayton & Chicago, 1st mortgage
164
Cin. Day. Alron., 1st M.,g.,gu. (assumed). .Ce.c"
...
Refunding mort., $25,000,000, gold.U«m...c*<fer
....
New. mort., $50,000,000 authorized «'e
....
Joint M. (oollat. Chic Cin. & L. stock) red.AB..
Ce
tiold collateral notes, subj to call at 101
Car trusts, g., $"^4,000 due s. a., beg. Oot.,'06.Ce.o ....
Dayton <& Michigan, 1st mort., guar p.Al. end.o 142
Cin. cC Ind Westrn—See Chicago Cin A Louisv.
Cin. Ind. <6 West— Ind. Deo. & J not guar.. Ce
W. IstM. g., red. at 110 (guar. p. & 1. (end.)o. J269
381
C.I.& W.lst&ref M.,$8,200,000g.,gu.,p.<fci.en I'a.
Oin. InX-r -Terminal KB.— 1st pref. stock (see text) Text,
38
Cincinnati Lebanon dt Northern — 1st mortgage, o
52
lstcon.M.$l,500,00Og.gu.p.<fci.en.(V.75,D.1398)c*
148
Oin.dt Mus. V.— 1st M.$2,000,000,g.gu.p. Al.end. FC*
•
4 g.
1,150.000
8,000,0^0 See text.
1887
1.O00
2,000,000
4*flg.
1892
5 g.
1,000
3,000,000
1892
4
1,000
1,200,000
1891
1.000
3,500,000
5 g.
1904 1.000&C
8,500,000
4«.
1905
See text.
4V g.
1904
1,000
3,500,000
4 g.
1905
1,000 15,000,000
4^ g.
1905
1.000
4* g.
1 .080,000
1881
5
1,000
2,728,000
-
. .
.
5 1895
$1895
1903
- -
.
.
1886
1902
1898
100
1,000
1,000
1,000
100
1,000
1,000
1,000
Cragln, 16 miles, and to South Chicago, 5 miles ; total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 260 miles also ownp
about 1,000 acres of real estate, passenger and freight yds., warehouses,
elevators, etc. The Belt Ry. of Chicago leases and operates 82 miles of
the 260 miles owned by the Ch. & W. I., its securities being all held by
the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
Leases.—This oompany's road and terminals are leased under perpetual contraots to the Wabash, the Grand Trunk West., the Chicago &
Eastern Illinois, the Chicago & Erie and the Chioago Indianapolis <fe
Louisville, each of which five companies owns $1,000,000 stock. They
are also leased to the Atchison, the Elgin Joliet & Eastern and the Belt
;
Railway. The annual rentals must always exceed by at least 20 per
cent the interest on the bonds outstanding. V. 78, p. 819.
Drvs.— ) '92-94. '95. '96. '97. '98 '99. '00. '01. '02. '03. '04. 1905.
Percent. *6y'rly. 7^
6
Bonds.— The general mortgage bonds are drawn at 105 and Interest in such annual amounts as will retire the debt by maturity.
Of the oonsol. 4s of 1902 (authorized issue $50,000,000) $11,832,000
has been sold on account of track elevation and other improvements,
$5,189,000 additional were used to refund bonds canoeled by operation of the sinking fund, $9,180,000 are reserved to retire underlying bonds and $23,749,000 for future additions equal to at least
the par value of the bonds issued. V. 75, p. 732, 906.
Annual Report— Fisoal year ends Deo. 31. Report for 1904 was in
V. 80, p. 26 9, showing gross inoome, $1,434,002; Interest, etc., $1,112,612; divs., $300,000; bal., sur., $21,390— (V. 81, p. 725, 777.)
666666 666
1
RR.— Completed Apr., 1900,from Chihua
hua, Mexico, to Minaca, 125 miles. Extension from Eloarpio Jot. to
Temosaohic, Mex., 55 miles, was completed July, 1905 See Kansas
City Mexico
Orient statement and V. 71, p. 181. Stock is $2,500,000;
par of shares, $100. Bonds, see table above.— (V. 79, p 902.)
&
Choctaw Oklahoma
Road Owned—
& Oulf It It .—
Miles.
Hopetteld, Ark., via 8ayre,
O.T., to Tex. State line ...
Haileyville, I. T..to Ardmore.
Tecumseh,O.T.,to Asher.O.T.
Geary, O. T., to Alva and
Anthony. Kan
Hot Springs, Ark.,
and Malvern
648
118
25
< See Map of Rock Island.)
Branches to mine3
27
Leased—
White & Black River Valley,
Brinkley to J'ksonport. Ark
62
&
Little R.
Hot
Benton to near
Spr. West.,
Little Rock
137 Trackage
to
23
4
Benton
39
22
Haileyville to Wilberton
Total
1,105
Stock. -Common stock, $9,827,500;
pref., 5 p. c. cum., $6,000,000,
owned by the Chic Rock Island & Paolflo Ry., which in 1904 leased
the road for 999 years from Mar. 24, 1904, the rental covering Interest
on bonds. Dividends paid to Dec. 31, 1903, see 80PP. of Jan., 19 J4.
See V. 74, p. 775, and also p. 829,986, 1354; V. 78, p. 401.
Bonds.—The oonsol. mortgage of 1902 is for the authorized amount
of $1,000,000 on the coal properties and $15,000 per mile for eaoh
mile of railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and C. & M. 5s being reserved to retire
the same. Pull data In V. 77, p. 2 3i>6. Chic R. I. & Pac Ry. 4s of
1904 are reserved to take up consols of 1902 Issuable to retire $5,500,000 general 5s and also car trusts. V. 78, p. 234. Little Rock Bridge
6s are subject to call at 105 for sinking fund of $20,000 yearly. V. 71,
p. 602. Car trusts, see table above; V. 73, p. 1312, 1356; V. 74, p. 727.
Report.— Balance sheet, etc, in V. 77, p. 2336. Year end. June 30.
TearCross.
Net.
Other inc. Charges.
Ba'„ sur.
1902-03
$8,251,658 $2,120,951 $19,983 $1,101,659 $1,039,275
Report for 1900-01 in V. 74, p. 149, 203, 212.— (V. 78, p. 988, 2598.)
Cincinnati BInfTton
Chicago
Projeoted from Huntington to Union City, Ind., 70 miles, of which Bluffton to Portland.
29 miles, completed. In Julv, 1904, William 8. Fleming was appointed
receiver; liabilities were stated as about $900,000, mostly secured by
$750,000 bonds held as collateral V. 79, p. 268, 626. In July, 1905,
sa'e was ordered; no plan of reorganization had been formulated Stook,
$1,125,000, all of one class, issuable at $15,000 per mile; par of shares
$100 each. Bonds, see table above. Pres., S. H. Bracey; Sec. Charles
Blaokburn; Treas., John Traise. Office. 616 Tribune Building, Chicago, 111.— (V. 78, p. 1167; V. 79, p. 268, 626; V. 81, p. 31.)
Cincinnati Flndlay
Fort Wayne Ry.— (See Maps, pages
40, 4 1.)— Owns Flndlay, O., to Fort Wayne, Ind., 80 mlies;
also connecting link with the Cin. Ham. & D. from Delphos to Cloverdale, 12 miles, completed Oct. 15, 1904, V. 77, p. 88, 694. Leased
to Cincinnati Hamilton & Dayton for 99 years from Nov. 1. 1903, with
privilege of renewal for like periods forever. V. 78, p. 286. Stock,
$1,250,000, all owned by the Cin. Ham. & Dayton, which guarantees
bonds, prinoipal and interest Mortgage is limited by sperial agreement to $1,150,000, or about $12,500 per mile. Bonds are subject to
call at 102 *n and interest. V. 78, p. 286, 342, 701. Form of guaranty.
V.78, p. 701. For 3 mos ending Sept. 30, 1901, gross, $44,820; net
$16,198; int. and taxes, $12,685; bal., sur $3,513.— (V.79, p. 2696.)
Southeastern
V. 81, p.
- c Inclllnatl Flen»*ngsburg
_
507.
Cin. Geo r get.
Portsmouth
See Street Railway 8up,
all
.
RR.—
&
&
,
&
(
&
RR.—
RR.—
lnci n t l i Hamilton & Dayton Ry.— (Sec Maps, pages
.9.
, J
fj—
4 O and 4 S } The system so displayed inclu les
J
Outstanding
1899
—
.
Amount
125
Oin. Dayton <& Ironton—See Cin. Ham. & Dayton.
Cin. Find. <t Ft IT.— 1st M., g., guar., end. red.N.o*
Cin. Ham.it Dayton Com. stock
Pacific
nomas— jf r noi
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
i
Miles
For explanation of column headings,
on first page of tables.
Chlhnahna &
43
5g.
5g.
2,229,000
933,000
4,672,000
700,000
200,000
1,291,000
1.600,000
4
4
g.
5
4g.
4g.
N. N. Y.,
Off.,
80 Br'dway.
8 N. Y., Tit. Gu.
& Tr. Co.
May
-
1,
1949
Sept. 1,
1933
M. * N. N.Y., No. Am. Trust Co.
&
&
A.
&
D.
M.
<ft
N.
J.
J.
J.
&
J.
J.
M.
A.
J.
&
<fe
&
&
&
Nov. 1, 1923
Deo.24,'03,2%
N.Y.,H.B.HolUns&Co. Jan. 1, 1937
do
do
June 1. 194?
Apr. 1, 1942
do
do
May 1, 1945
do
do
Am. L. & Tr. Co Bost. July 1, 1954
do
Jan. 1, 1955
do
July 1, 1914
do
do
N-vw York.
Sept. 1, 1908
ToApr.l, 1916
New York.
Jan. 1, 1911
do
Cincinnati
Text.
J.
O.
J.
J.
J.
8.
O.
J.
& J.
J. & J.
J. & J.
F. & A.
J. & J.
M. & N
F. & A.
.1.
,
N. Y., Central Trust Co.
do
do
N. Y.. Keseler
&
Co.
Cincinnati.
Cinn., Cen. Tr.& S.D.Co.
Jan.
Jan.
Jan.
1,
1,
1,
1935
1935
1953
Jan.
1,
1.
1,
1916
1942
194*
Nov.
do
do
N.Y., Farm. L. & Tr. Co. Aug.
Road owned— (U See this Oo.)Miles.
Proprietary roads
—
Miles.
60 Cincinnati Ind. & Western .. .IT 379
176 Cincinnati A Dayton
14
Dayton to Delphos, O
98 Columbus Flndlay & Northern. 18
Trackage
13 Bowling Sreen RR
21
Roads leased—
Piqua <fo Troy Branch
8
Dayton & Michigan
HT42 Pere Marquette RR...
x2,396
Clnoin. Find. & Ft. Wayne. ...1180 Chic Cin. a Louis v
x264
Cincinnati to Dayton,
Dayton to Dean,
Home Avenue RR
3
Total of all
3,675
See separate statements.
Has control of the Pere Marquette RR.; also owns Dayton <fe Union
Jointly with Clev. Cin. Ch. & St. L. and Jointly with Southern Ry. controls Oin. New. Orl & Tex. Pac. Ry. V. 75, p. 978.
x Control acquired in July, 1904.
New Control, Etc.— Tn Sept.. 1905, the Erie RR. acquired control
through purchase of about $5,000,000 stock. V. 81. p 974. In July,
1904, the Oinn. Ham. & Dayton purchased $11,000 000 of the *14,145,500 outstanding Pere Marquette common stock The entire stock of the
Chicago Cincinnati & Louisville has been secured through the iss ae of
$3,500,000 Cin. Ham. <fe Dayton and Pere Marquette joint collateral
trust bonds
See also Bonds below.
The stockholders on Jan. 12, 1905, authorized a lease of the Pere
Marquette RR. for 999 years; the lease of the portion of the
Chic. Cin. & Louisv. located in the State of Ohio and the guaranty of
certain bonds etc. V. 79, p. 2696; V. 80, p. 162 V. 81, p 899. Under
lease of Pere Marq., the C. H. & D. guarantees 5 p. c. on common stock,
812,854,500 of the $16,000,000 outstanding beDig owned by the C.
H &D.
Toledo Terminal & Railway bonds, see that company.
Stock— In 1904 most of the $6,925,500 5 p. o. pref. and all of the
$1,074,500 4 p. c pref. stook was purchased by company at $110 and
$100 per share, respectively. V. 79, p. 733, 786, 902, 1461. See notes
of 1905 below.
Dividends since consolidation—
November, 1895, to Aug., 1905.
Preferred, Issued in 1895
5 per oent yearly.
On common 2 p. o. paid Deo. 24, 1903; none since to Oct., 1905.
Bonds, Etc —The stockholders on Jan-. 12, 1905, authorized a new
mort. to secure $50,000,000 of 4ifl p o. bonds, of which $25,0 00.0 JO
to be reserved to retire at or before maturity a like amount of existing bo'ids shown in table (none of which, except the Dayton
Michigan bonds, can be extended). V. 79, p. 2696; V. 80, p. 162.
The $15,000,000 gold collateral notes of 1905 are secured by an
equal amount of consol. 4^8, the greater part ($7,574,500) of the
preferred 4 p. c and 5 p. c stock of ttie C. H. ft D $ J75,000 bonds of
constituent companies, and 7,501 shares of South west'n Construction
Co. stook. repr3senting joint ownership with Southern Ry. of control
of the Cincinnati New Orleans & Texas Paoiflo Ry. Proceeds used
to fund obligations inourred chiefly to retire pref. stock a nd pay in
part for oontrol of the Pere Marquet e RR. V. 80, p. 1053.
The refunding 4s of 1904 cover all the road directly owned, the
leases of the Dayton & Michigan and Flndlay Fort Wayne & Western, and are furthei secured by deposit of $11,000,000 Pere Marquette common stock and $7,115,800 (entire stock issued) of Cincinnati Indianapolis & Western RR. Of the bonds, $9,977,000 were
sold to provide for purchase of Pere Marquette stock and Improvements. V. 79, p. 212; V. 80, p. 162; V. 81 p. 154.
The C.
a, D. and Pere Marquette joint coll at. trust 4s due 1914
($4,000,000 authorized issue) are secured by the entire v $4, 206,000)
Chic. Cin. & Louisv. stock, $500,000 being reserved for improvem'te and
equipm't to C.C. & Li.; they may be called on or before July 1, 1909, at
105; thereafter at 102*3. V. 79, p. 2696; V. 80, p. 163; V. 81, p. 264.
&
.
H
Guaranties.— Guarantees securities of Cin. Ind. & West., Dayton A
Mich, and Cin. Find. «fe Ft Wayne; also $933,000 Did. Deo. & West. 5s and
$6,000,000 Pere Marquette refund. 4s.
Report.— Fiscal year ends June 30. Report in V. 79, p. 1952.
Tear end. June 30
1904.
1903
1902.
Miles operated
971
1,015
1,015
Gross earnings
$8,272,151
8,124,021 $7,094,717
Net income
2,210,425
2,204,059
2,528,496
Deduct Interest on bonds
1,041.466
1,06^,609
1,055,571
Div. pref. stock D. A M. RR
96,900
96,900
96,900
Div. com. stock D. & M. RR
84,066
84,066
84,066
Div. com. stook Home Ave. RR.
3,263
5.000
4,000
Div. pref. stock C. H. <fc D.Ry...
389,228
389,225
389,237
Div. com. stock C. H. &D. Ry
(2%) 160,000
Div. com. stock O. I. & W. RR .
126,798
167,322
—
'
Total
Surplus
$1,811,134
$399,293
$1,916,561
$611,922
$1,614,926
$589,133
Officers.— President, F. D. Underwood; Vice- Pres., Russell Harding;
Gen. M«r., J. A Edson; Treas., J. E. Howard; Sec. Thos. J. Walsh;
Asst Treas., D W. Riuoney; lisst. Sac, Dav d Bosman.
Directors. — P. D. Hnderwood, Charles Steele, Samuel Spencer, Geo. F. Baker
«eo W. Young H. McK. Twombly. R. R tth >des and Richard N. Youne, NewYork; Russ»ll Hardtne and J. K. Bruce, Cincinnati: Chas. A. Otis Jr. Cleveland; Ohio;
151.
Mi.
W.
J.
Dechant, Midilatof-n, Oh'.o.— (V.
80, 1
1856,8343; V. si, p.
5U7, 777, 893, 971.)
Cincinnati Indianapolis
40 and
<*/..)
-Hamilton,
O.,
A Western RR.— (Sie Maps,
to
Springfield,
III.,
298
m;
5
pages
sidell
c
.
.
RAILWAY STOCKS AND BONDS.
44
RAILROADS.
Date
Miles
Size, or
Amount
Par Outstanding
For explanation of column headings, &c, see notes of
of
on first page of tables.
Road. Bonds Value.
Oin. Jf. O. a Tex. Pac. Jc.-Com. stook, $3,000,000.
Pref. stock, 5 per cent, cum., $3,000,000
$100
100
Equipment bonds, due about $85,000 seml-ann.
86
1st oonsol. M., $4,000,000, < guar., p. <fc 1.. end.,
gold, sinking fund
not guaranteed
\
Cleveland Cincinnati Chicago
&
St.
1,000
1,000
1,000
1893
1,000
i.77
OUveVd Akron <£ Oolumb.—Btook, $4,000,000
Gen. mortgage (now 1st,) g
&P
1904
1901
1871
"26
Cincinnati Northern—1st M., $3,000,000, g.G.O'&r
Oin. Richmond tt Ft. W.~ 1st mort., gold, Int. gu.o*
Clearfield <6 Mahoning Stock, 6 per cent rental..
lstmortgage, gold, guar. B. R.
G.o*<fcr
—
100
1887 500 &0.
1900
1,000
1900
1,000
50
188
|
Louis —
Common stock ($40,000,000 authorized)
Preferred stock, 5 per cent, non-cumulative
O.
L.
I. St.
& C.
con.
M..drawnat 105, s.f. 1
Gen. IstM.. $10,000,000
g.,s.f.
391
391
72
72
62
45
267
194
203
H
<& Col. Dlv. (Col. 8p. &Cin.), 1st M., g.Ce.c*
Cairo Division 1st M., $5,000,000, gold ..Ce.c*
St. L. Div.,coll. tr.,g. ($351,000 in s. f.)Ce.o&r
Cin. Wab. & Mick. Div. 1st mort., gold.. .Uh.C
Gen. mort. lOOyearfor $50,000,000 g.Me.o*&r 1,021
Obligations for Proprietary Lines.
Cincinnati Sandusky <fe Cleveland— Pref stook. .
Consol. (now 1st) M. ($3,000,000) gold... AB.o 170
125
Cent'l Indiana, 1st M., $4,000 000, g guar.Ce..
Ch.I.&St.L.8.L,lstM.,$3,000,0vi0 g ,gu.Cc.c\fcr
45
Spring! Union Depot, 1st M., $3o0,00o, guar.Ce
Louisv. & Jefiersonv. Bridge 1st M.— See that Co.
Spr.
50
.
1888
1903
1903
19C5
,
to
1,000
i",6b"6
1,000
V. 75, p. 239, 289. 497. 732. Stock auth.,
$8,200,000; issued, $7,115,800; all owned by C H.
D., which received dividends thereon in 1902-3, $126,798; in 1903-4, $167,322.
Bonds.—The "first and refunding" 4s of 1902 ($8,200,000 authorized issue) are guaranteed, principal and Interest, by C. H. & D. by
endorsement on each; $4,722,000 were Issued in exohange for existing bonds, of which $50,000 in the Cin. Hamilton
Dayton treasury;
$3,478,000 are reserved to retire Ind. Deo. <fe West. 5s. V. 75, p. 1201,
1353; V. 77, p. 1290; form of guaranty, V. 78, p. 2011.
The I. D. & w. bonds ate redeemable by lot at 110 at anv time on
eight weeks* notice; $933,000 are guaranteed by Cin. Ham,
Dayton.
Car trusts June, 1905, $lf>,000 5 ver cents, maturing in series to Aug.,
1905, inclusive, and $166,000 4 p. o. equipment notes, due yearly
to Nov. 1, 1911, inclusive, Interest M.&N.
Earnings.— For 3 inos. ending Sept. 30, 1904, gross, $540,017 net.
$221,880 Interest, $74,625 taxes, $20,670 bal surplus, $126,585Year ending June 30, 1904. gross, $2,163,198; net. $520,169; taxes.
$82,869; interest on bonds, $269,s>78. -tV. 79, p. 2G96.)
Cincinnati lnier-Termlual KK. -Owns a road connecting
the Ches.
Ohio bridge and the Cincin. Ham. & Dayton terminals.
Controlled by Chesapeake & Ohio Ry. Common stock, $10,000, In
$100 shares, issued for purpose of control. There will be Issued $1,000,000 of 1st preferred 4% cumulative stook, secured by mortgage
to the Union SaVlngs Bank
Trust Co. of rtuolnuati, as trustee, and
rentals paid by Chesapeake <fe Ohio and Louisville <fc Nachville and
subject to call on any int. day after F^b. 1, 1915. at 105. V. 79, p 212;
V. bO, p. 1728. 2398, 2620. Pres., Geo. W. Stevens.— (V. 80, p. 2620.)
&
&
&
;
;
;
!
;
,
&
&
t
"Cincinnati Lebanon
&
Dodds, 38 miles, including 6
Northern H y.— Owns Cincinnati, O., to
mil. s from Lebanon to Dodds, leased to
the Dayton Leb. & Cin RR; Middletown Jet. to Middletown, O , 14
miles (former Mid. <k Cin. RR.. taken over Jan. 1, 1903); total. 52
miles. Stock authorized, $1,500,000; outstanding, $993,000, mostly
owned by Penn. Co. V. 75, p. 980. Of the $1,500,000 first consol. 4s
of 1902, guaranteed principal and Interest by th a Pennsylvania Company. $200,000 are reserved to retire the 5s due 1916. V. 77, p. 86.
For 6 mos. ending June 30, "905, gro-s,$l36,210,agalnst $117,34 in
1904: net, $30,252, against $42,435. Oal. year, 190 a, gross, $250,073;
net, $5t>,273; charges, $52,44 2.- (V. 77. p. 86.)
^Cincinnati &. lUtiftklngum Valley
(See map of Pittsburg
Oincxnnati Chicago <6 St. Louis.}—Owns Morrow, Ohio, to Trinway, O.,
148 miles; half interest Zanesvllle Terminal RR.. 5 miles, V. 77, p 86.
Suocessor Aug. 1, 1898, to Cincinnati* Muskingum Val. By., foreclosed. V. 67, p. 27. Of the bonds $400,000 are reserved for future
needs; sinking fund retires yearly one per cent of those outstanding,
If offerred at par or less.
The Pennsylvania Company guarantees the
bonds, principal and interest Wee form of gu <ranty, V. 76, p, 653.
Stook, $2,000,000, all owned Jan. 1, 1905. by the Pitts. Cin. Chio
St.
Louis Ry. Dividends: 1900, 6 p. c; 1901 to 1904, Inol., 2 p. o. yearly.
Pennsylvania RR. owns $1,318,000 of $1,600,000 bonds. Car trusts,
$156,783 3ifl8. payable $22,400 vearlv to June, 1912. For 6 mos. ending June 30, 1905, gross, $368,875, against $307,439 In 1904; net,
$41,915, against $.26,010.
lr.cnd. Dec.dl.
Cross.
Vet.
Interest.
Dividends.
Balance.
1 »04
$704,371
$137,621 $64,000 (2%) #40.000
$33,621
1903
746,628
170,773
64 000(2%) 40,000
66,773
19/>2
645,2.06
123,374
60,000 (2%) 40,000
23,374
Payments in addition to above in 1904 were $13,156 for additions,
Improvements, old accounts, etc. (aget. $49,231 In 1903), and $17,916
on acoount of oar trusts and other Interest. -(V. 81, p. 270.)
Cincinnati
Orleans Texan Pacific Ry.— (See Map of
Southern My.)— Operates Cincinnati Southern Ry., owned by oity of
Cincinnati, Cincinnati to Chattanooga, Tenn., 336 m.; trackage, 2
In Jan., 1903, the entire stock of the Harriman
Northeastern Ry.,
2 2 miles, was acquired, but road is operated separately. V. 77, p. 1743.
In 1901 lease was extended 60 years to Oct,. 12, 1966; rental until
Oct. 12, 1906. was modified beginning July 12, 1902, to $1,050,000
yearly, the remaining $50,000 per quarter to be deferred as It accrues
and to be paid quarterly at rate of $40,000 yearly, with Interest on
deferred payments at 3 per cent; rental under renewal to be $1,050.000 yearly for first 20 years, then $1,100,000 for 20 years, thereafter
$1,200,000. V 73, p. 722; V. 74, p. 1251.
Pref. stook, 5 p. c. cum.,
with no voting power, but prior rights on dissolution. V. 74, p. 528, 829.
Dividend— On pref., 1>4 p. c.paid quarterly Sept. 1, 1902, to Sept.,
1905, both Inclusive. On common. 2 p. c, paid Dec. 1, 1903, out of accumulated earnings to June, 1903; Sept. 1, 1904, 2 p. c; June 15, 1905,
3p.c. In Mar., 1904, Usued $l,200.0d0 equipment bonds. V.78. p. 1391.
Stock. — Common, $3,000,000, controlled in Interest of Southern Ry
and Cincinnati Hamilton & Dayton Ry. V.61, p. 26; V. 6 5, p. 1173.
latest Earns.— 2 mos., J 1905...... Gross, $1,278 "793; net7^3ljTi78
July 1 to Aug 31.
Gross, 1,183,567; net, 291,310
J 1904
Annual RtruRi— Report for 1903-04 was in V. 79, p. 2143.
In 1904 05, gross, $7,358,618; net, $1,717,770 (against $1,597,421 in
1903 04); other lncjUie, J34.467; rentals, $1,179,700; interest, $44,098; Improvements, $145.99"; dividend on pref. (5 p. a). $100,000dlv. on common (3 p. c,), $90,000; balance, surplus, $192,450.— (V. 79
p. 626, 1965,2143; V. 80, p. 2398, 2620; V. 81, p 1241.)
Cincinnati Northern ft .— ( See ap Oteveland Oin. Chicago <£
St. L..J— Ownblranklin, O., to Jackson, Mioh., 208 miles; trackage (O.
O.O. &8t. L.). Franklin to Cincinnati, 38 m.; at Jackson, I m.
Successor In June, 1897, of Cincinnati Jackson A Mackinaw, fore1
UK.—
&
New
&
&
R
M
$3,000,000 See text. Text.
2,000,000 5 in 1904 Q.-M.
935,000
M. & S.
4
4
1,000,000
J & J.
1,800,000
7g. J. & D.
750.000
6
J. & J.
650.000
5 g. J. & J.
4,000,000 2 in 1905 M. & S.
1,800,000
5 g. M. & 8.
1,023,000
4g. P. & A.
703,000
4g. F. & A.
& S.
& N.
Q.—F.
J. & D.
J. & J.
Various
M. & N.
J. & J.
M. & S.
J. & J.
M. & N.
J. & J.
J. & D.
M. & N.
6
5 g. J. & J.
4 g. M. & N.
4g. A, & O.
428,997
2,571,000
1,500,000
3,000,000
»
4
(«)
M.
Blair
&
N.Y..J. P.
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
3
Co Mr.oeMar'll
1951
1921
1905
1943
Morgan & Co
do
do
do
do
do
do
do
do
do
do
do
do
do
'05,
Sept. 1, "05,114
Hamilton Tr., B'klyn
N. Y., Winslow, L.& Co,
do
do
Q.—J.
<te
do
N. Y., Guaranty Tr. Co. July 1,
N. Y., Winslow. L. & Co. June 1,
Checks mailed.
July 1,
N. Y.. 36 Wall Street.
Jan 1,
Checks mailed.
Sep. 25,
M.
J.
June 15,
Cincinnati.
New York,
do
Mch.
Aug.
Aug.
'05,
1927
1940
1940
1,
1,
1,
Sep. 1, '05, 2%
Oot.20,'05,11*
May
1920
1936
1914
1934
1919
1918
1940
1940
1939
1990
1991
1993
1,
1,
1,
Jan. 1,
July 1,
Nov. 1,
July 1,
Sept. 1,
Jan. 1,
Nov. 1,
July 1,
Aug.
June
June
1,
do
do
do
York,
do
do
New
Nov. 1, '05,
Jan. 1, 1928
1, 1953
Apr. 1, 1953
Jan. 2, 1955
3%
Nov
I
West Liberty, 78 m,; trackage, West Liberty to Olney, 8 m.
A consolidation Sept., 1902.
[Vol. lxxxi.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Slocks— Last
Cent.
Payable
Whom.
Dividend.
100 35,597,600 4 in 1905
100 10,000,000 5 in 1905
1880
1,000
654,000
6
1886 l.OOO&o
7,596,000
4 g.
1874
1,000
4,138,000 7 or 6 g.
1884
1,000
3,205,000
6g.
1869
1,000
7
2,000,000
1882
1,000
500,000
6g.
1890
1,000
650.000
4 g.
1890 500 &o.
1,103,730
4 g.
1890
1,000
5,000.000
4g.
1890 l.OOO&c 10,000,000
4g.
1891
1,000
4,000,000
lg.
1893
1,000 20,749,000
4g.
175
p. o.c*
not dr'n.Ce.c&r
Cleve. Col. Cin. & Ind. Consol. mort. (see text)
Gen. oonsol. mort. ($12,000,000) gold..U«.o*&r
Indian & St. L. 1st M., In 3 ser. of $667,000. Us.
2d M. ($2,000,000), gold, Indlanap. to Terre
o.
Cl.Cin.Ck.&St.L., White Wat. Val. Dlv, 1st, g.Ce.c"
111.,
1
.
m
closed. V. 65, v. 621; V. 72, p. 338, 1034, 1135; V. 73, p. 31. The holdings of Clev. Cin. Ch. & St. L. are valued in balance sheet of Deo. 31,
1904, at $1,105,387. V 75, p. 454, 457. Stock. $3,000,000 In year
ending June 30. 190"), gross, $787,620; net, $46,356
Prest., M. E. Ingalls. See report, V. 70, p. 581.— (V. 80, p. 1362).
Cincinnati Richmond Ac Fort Wayne
Owns from Richmond, Ind., to Adams, Ind., 86 miles; leases 5 miles of P. F W. & C.
Now operated (Tuly, 1905), by Grand Rapids & Indiana Ry.
Rental, net earnings.
Interest Is guaranteed by the Pennsylvania Co.
and Pittsburg Cin. Chloago & St. L. Co. jointly (the P. O. C. & St. L.
taking the plaoe of the Cin. Hamilton & Dayton in 1888). Stook, $1,709,313—par, $50, of which Penn. Co. July 1, 1905, owned
$1,256,900. Due guarantors Jan. 1, 1905, $1,471,533.
For 6 mos. ending June 30, 1905, gross, $293,825, against $280,689
in 1904; net, $36,513 against $23,751.
Year end. Dec. 61. Gross.
Net.
Interest,^.
Balance.
1904
$605,322
$76,367
126,000
def.$49,633
1903
604,342
70,378
126,000
def. 55,622
ITI uncle.— See Chio. Oin & Louisv. RR.
Cin. Rich.
RR.—
&
Clearfield 6c Mahoning Rr.- (See MapBuf. Roch. <6 Pitts.)—Ow ne
road, completed in 1893, from Du Bois Juno, Penn., on Buff. R. & P.,
to Clearfield on Beeoh Creek RR., 26 miles. Leased during oorporute,
existence and renewals thereof to Buffalo Rochester & Pittsburg—
which see at a rental payable in gold and equal to 6 per cent on
$750,000 stock, par $50, and 5 per oent on bonds, the latter being guar,
p. & 1., by Indorsement on eaoh.— (V. 61, p. 710.)
Cleveland Akron 6c Columbus Hallway.— Owns from Hudson, O., to Columbus, O., 144 miles; Dresden branoh, Kllbuok to Trinway, 33 miles; Apple Creek branch, 9 miles; ooal spurs, 3 miles: total
owned, 190 miles; trackage Trinway to Zanesvllle, 17 miles. Owns a
fourth interest in Akron & Barberton Belt RR., 24 miles. V. 76, p. 435.
Penn. Co. took oontrol June 1,1899, purchasing $2,237,500 of the
—
S4.000.000 stock (par $100). Dividends, 2 p. c. yearly, paid Sept..
1901, to Sept., 1905 (M.-S.). Of the 1st consol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, trustee), $1,023,000 are guaranteed principal and Interest by the Pennsylvania Company, $1,800,000 are reierved to retire the general 5s due 1927; V. 71, p.
390; V. 76, p. 653; V. 77, p. 1746, 2280. For 6 mos. ending June 80,
1905, gross, $377,688, against $749,205 in 1904; net, $198,907,
against $32,165, Report for 1904, in V. 81, p. 28, showed gross,
$1,577,296; net, $277,830; other lnoome, $1,801; interest on bonds,
$159,670, dlv. (2 p. 0.) $80,000; bal., sur., $39,9ol.— (V. 81, p 28.)
Cleveland Cincinnati Chicago «V St. Louis Ry.— (See Map.)—
Road.— Radiates from Indianapolis, Ind., westerly to Chloago,
Peoria, Cairo.
111.,
Owned directly—
east irly to Sandusky, Cleveland.Colum
St. Louis,
bus and Cincinnati,
O.,
and southerly to
Miles.
.
Cleveland, O.,to Columbus, O.. 138
203
Gallon, O., to Indianapolis
Harrison Branoh
Leased entire sl'k owned
Cinoin. Lafayette & Chio. Ry.— 57
Cairo Vinoennes & Chio. Ry.—
Cairo, 111. to Tllton <fe branoh 267
St. Lou. Dlv. T. H. to E. St. L.193
—
,
Cincinnati
<fe
Springfield
Miles.
Ry.—
Lud.G've(6m.fr.Oin.)toDay'n 48
50
a No debt, or bonds all owned.
175 Colum. Hope AGreensb'g RR.— 26
Trackage Into Cincinnati, &o. 32
72
7 Traokage into Jefferson ville. > oa
KQ
Delaware to Springtteld
Cincinnati to Lafayette
Indianapolis to Terre Haute
—
Louisville.
Leased and controlled.
.
&
W
B.
O. 8.
i
Total included in earns. .1,891
Operated; earns, kept separate
Peoria & East'n Ry
TT351
Cincinnati & Northern;
fl248
—
Columbus Springfield & Cin.
Kankakee & Seneca RR.—
42
Columbus, O., to Springtteld.. 45 Mt. Gilead Short Line
2
_
(Vhite Water— Harrison, Ind. to
Louisv. & Jefiersonv. Bridg e
H3
62
Hagerstown, Ind
Total of system Deo 31/04 2,536
Cin. Wabash & Mlohlgan Ry.—
Benton Harb. to Rushv. & Br.249 Trackage HI. Cent. Into Chic. /
On percentage basis
J
44
Other lines (a)
Operates Independently—
Cincin. Sandusky ACleve. Ry.—
Sand'sky, O., to Dayt'n, O.eto.170 Dayton & Un. RR. (fl)
Double track
168
U See this company.
A 45-mile cut-oil between Hlllsboro, 111., and Mitchell, near St. Louis,
,
under the charter of the Chicago Indianapolis & St. Louis Short Line
was completed in Sept., 1904. See General Finances below. V. 75,
In Sept., 1904, a trackage
p. 1086; V. 77, p. 517; V. 79, p. 785, 1331.
arrangement was made with Hocking Valley Ry. for use of latters
les, affording through line beToledo and Carev, 50
tracks between
tween Toledo and Cincinnati. V. 79, p. 1023, 2096. As to Central
Indiana. 137 miles, see that Co.
History, Etc.— A consolidation of the Cincinnati Indianapolis St*
Louis & Chloago Railway Company, the Cleveland Columbus Cincinnati & Indianapolis Railway Company and the Indianapolis & 8t. Louis
Railway Company, made In July, 1889, per plan In V. 48, p. 427. Of
the common stock, $11,225,400 was on Jan. 1, 1904, owned by the
Lake Shore <fc Mich. So. Ry., this amouut, together with the private
holdings In both stocks by the Vanderbilt family, being, it Is understood, amajorityof the entire share capital. V. 72, p. 86.
The company Is also one-fourth owner of Peoria <te Pekln Union Ry..
(through the Peoria & East. Ry.). one- fourteenth owner in Terminal
RR. Ass'n of St. Louis and two fifths owner of Indianapolis Union Ry.
nii<> phi t owner of Central Indiana Ry., Central Union Depot & Ry. of
Cincinnati. Union D^pot of Columbus, Dayton Union Ry., Dayton A
Union RR.. Munole^eltJRy. and FindlayiBeltJRy., which are operated
m
independently.
Oct., 1905.]
RAILWAY STOCKS AND BONDS.
45
—
—
,
46
.
RAILWAY STOCKS AND BONDS.
Vol. lxxxi.
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RAILWAY STOCKS AND BONDS.
Oct., 1905. J
RAILROAD8.
Miles
Date
Columb. Oin. <& Indianap.— ileve. Indianap.
Cleveland Lorain <6 Wheel.— Pref stock $5,000,000
c*
Consol. niort. (now 1st) g. See text. U*ni
General mortgage, $1,000,000, gold, red. 105. N..
Con.ref. M., $10,000,000, g., red. at 102ifl.Col.c*
Olev. <6 M. V
Con. M. (now 1st) $3,000,000,g. Ce.o&r
Clev. <t Mar.— 1st M., s. f., not dr'n, gold. gnar.F.o*
Qleve. d PMsb.—BtooK 7 p. o. guar, by Penn. RK.Co
Speoial betterment stock, $10,738,135, guar. 4%
Cleve.
—
.
—
Gen.
$10 000,000 f, gold g£}£ £ * £;;;£
Guar. p. & i. (end.) Pa. RR. \ 8er B> lnt red
Cleveland Terminal & Valley— See Balt. & Ohio.
Coal <£ Ooke-lst M ,$10,000,000, gold
M
<s
St.
L
-See C lev. CiN. Ch io. A St. LOC18.
$100 $5,000,000 See text. See text New York, 2 Wall
202
202
202
116
1903
192
125
103
St.
do
do
do
N. Y. Wlnalo w.Lan. ACo.
N. Y..Farm. L. AT. Co.
Q.-M. N.Y.Winsiow.Lan &Co.
7
Q.-M.
do
do
4
do
do
4iflg.
x
do
do
3>ag.
f
do
do
3Hsg A. A O
5,000,000
893,000
950,000
2,935,000
1,250,000
11,247,593
4,043,100
4,561.000
4,990,000
439,000
5
8,950 000
1,000
1868 100 Ac
1897
1,000
1904
1,000
100
1882
100
1899
1,000
19U5 1.000 A.0
A.
g.
5g. A.
1904
1900
1901
1902
1903
1887
1898
D"
1,000
1,000
1.000
1,000
1,000
1,000
1,000
&
,
O. Elkins,
W.
Oct. 2, '05, 2*a
Oct. 1, 193b
June
Jan.
Jan.
May
1, 1936
I, 1930
1, 1938
1, 1935
1, '05,1
Sept.
*
Sept. 1,'05,1%
Jan.-Oot.-'42
1948-1950
1, 1942
Oot.
Va., or Bait
Apr.
1,
1919
to increase in 1905, see
General Finances
?enn.
is
below.
3330000003
555 5555
$5 5P
;
Total earnings... $12,1 41,288 $11,070,132 $21,069,954 $20,390,761
Oper'g exp. A taxes.
8,701,662
8,535,611 16,730,225 15,669,431
Net earnings
$3,439,626 $2,534,521 $4,339,729 $4,721,330
$3,4 39,626 $2,534,521 $4,506,679 $4,874,041
$1,382,172 $1,344,517 2,698,694 $2,683,385
121,169
152,734
168,527
160,678
Dividends on pref... (2l 2 )24»,963 (2l 2 )249,963 (5)499,925 (5)499.925
Dividend on com. .
(2)559,806 (2~)559,806(4)1,119,612(4)1.119,612
Freight oats, eto...
1,000,000
(?)
311,261
Total net Income.. .
Interest on bonds...
Rentals, eto
.
Balance, but....
$94,951
$259,066
$19,920
$99,180
Officers.— President, Wm. H. Newman, New York; Vice-Presidents,
E. V. W. Rossiter, W. C. Brown, John arstensen and G. J. Grarumer
(.
;
Secretary, E. F. Osborn, Cincinnati, O.; Treasurer, Chas. F. Cox, New
York; Auditor, P. A. Hewitt, Cincinnati. O.
Directors— William K. Vanderbllt, Fred'k W.Vanderbilt. Channcey M. Depew
J. Pierpont Morgan, H. McK.. Twombly, James D. Layng, William II. Newman, Walter P. Bliss, of vew York; Alexander McDonald and Melville B. Ingalls, Cincinnati;
-(V. 80,
p.
James Barrett. Cleveland.
2313 2399, 2620; V. 81,
Cleveland Lorain
O.
p. 31, 264, 558, 613,
& Wheeling Ry .— (See Map B.
1174.
O.)— Owns
from 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.
As to improvements completed in 1905, see V. 80, p. 1174.
History.— Operated by the Bait. A Ohio, which owns about 75 per
oent of the stook. See that oompany and V. 72, p. 480; V. 73, p. 236.
Stock.—Common, $8,000,000, and pref. non-oum., 5 p.c, $5,000,000,
par $100. AfterSp.o.on each, both stocks share alike.— V. 60, p. 1058.
DivipENDS.-On pref. 1896, 3 p. o.; Deo., 1904, 2^; Mar., 1905, 2*a;
dt
,
Oot., ^2, P-
Bonds —Of the $10,000,000 consol. refunding
gold 4^8. $5,000,000
are reserved to retire first 5s, $1,000,000 for general 5s due June 1,
1936, remainder for improvements, eto. V. 70, p. 230, 480. About 81.000,000 consol. 5s of 1893 are stamped subject to oall at 110.
RE,p.? !LT -~Fe P ort for y ear ending June 30, 1904, was in Chron. Jan.
„,,
2§?,i^ ^ I n 190 t-°S. gross, $3,367,381: net, $s85,119; charges,
$526,509; balanoe, $358,610.-(V. 80, p. 1174.)
Cleveland 4c Mahoning Valley Ky.— Owns from Cleveland*
O., to Bharon, Pa., 81 miles [57 double track]; Niles. O., to New Lisbon.
O., and brandies, 44 miles. Leased to Nypano RB. (formerly N.Y..
,
A.
F.
M.
A D.
& J.
A J.
& O.
A A
&
.it
A.
A..
M.
J.
J.
A
A
A
&
A
A
2%
Feb. 1, 1929
N. Y., Central Trust Co,
do
do
N.
Miy
1,
1935
To May, 1908
To Dec, 1915
Hallgarten A Co.
h. Bk. A Co). 8p. Jan.
J. N.Y.,
O. Int.Tr.Co.Den.ACol.8p. Apr.
O. N. Y.. M. Tr.,&Col. 8p. Oct.
8 Boston Block, Denver. Mar.
f
Safe Dep.ATr.Oo.,Balt, July
D N. Y..N.Y. 8ec.ATr.Co. Deo.
Q.-M.
J.
Phlla., Read. Co. Offloe June 1, 1898
N. Y., Central Trust.
July 1, 1947
July 1, 1954
N. Y., U. S Trust Co.
Co. Apr. 1,'04,
N. Y., Hallgarten
N. Y.,
i
1,
1,
1,
1,
1,
1,
1930
1921
1942
1953
1937
1948
J.
A Ohio) till 1962 rental $525,967 per annum. Coupon Interest
A J., registered Interest, Q.-J. Stock is $3,259,200, of which
;
held by "Atlantio First Leased Lines Rental Trust Co.,
32,258,250
Limited," of London.
Dividends in 1897, 13 H p. c: 1898 to 1904,
both inclusive, 13^ p. 0. yearly; in 1903, 11 42 p
(V. 63, p. 968.)
Marietta, Hy.— Owns from Marietta, O., to Canal
Cleveland
Dover, 103 miles, and branoh 7 miles, Zoar, O., to Canal Dover, leased.
Stock, $2,000,000, of which the Pennsylvania Co. July 1, 1905. owned
$1,786,100 (par $100); surplus earnings over oharges go to C.AM.
Bonds.— Guaranteed pnn. and int. by Penn. Co. Sink, fund 1 p. o.
Earnings— Report for 1902 in V. 77, p, 87. In 1901. gross, «82S,071
net, $181,142; other income. $1,032; int. on bonds, $56,250; additions
and improvements, $116,396; ttal., surplus, $9,528. In 1903, gross,
$783,708; net, $164,938.— (V. 77, p. 87.)
(See Map Pennsylvania Railroad.
Cleveland <k Pittsburg
Cleveland, 0.,to Roohester, Pa., 124 miles; branches— Bayard, O.,to New
Philadelphia, 31m Yellow Creek to Bellaire, 43 m.; other, 3m.; trackage, Roohister to Pittsburg (Pitteb. Ft. W. A Chic), 26 m.; total, 227 m.
L.EASE— Leased for 999 years, Deo. 1, 1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. o. on $11,261,865 stook.
Interest on bonds and organization expenses. "Speoial guaranteed
betterment stock" (subordinate to the original stock as to dividends
only ) with divide od» of 4 p. c. guaranteed by Penn. R R. is issuable for
improvements. V 79. p. 2205, 2642.
oonds.— Generals are all equally secured; guaranty. V. 56, p. 604.
Earnings.— In 1904 gross earns., $7,217,193; net, $2,433,753; profit
to lessee was $1,110,697.— (V. 79, p. 2455, 2587, 2642, 2795.)
Cleveland Short Line Ry.—V. 81, p. 613, 668,
Cleveland Terminal Ac Valley Ctlt.— See Map Baltimore A
Ohio.
Owns from Cleveland, Ohio, to Valley Junonon, 75 miles;
branches, 7 miles; yard track and sidings. 87 miles.
stock.—Of the $5,200,000 common (par $50) B. A O. owns $4,594,300
ooinmon and of the $1,822,200 preferred, $949,200; par $100.
-\
Bonds— The first mort. bonds are guaranteed, principal and interest,
by the B. A O., endorsed Car trust Jease warrants (5s), $138,000;
due $27,000 May 1 yearly to 1909, inclusive.
Rt port for year ending June 30, 1904, was in V. 80, p. 468. show
ing gross, $l,019,b09; net income. $211,661; interest, eto., $269,055;
is
1905
Div's.— '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 1903 1904
4
4
4
3^i 4
Com.)
2*3
5
5
5
5
Pref..
Bonds.—The sinking fund provision of the Cleveland Columbus Cincinnati <6 Indianapolis consol. bonds (stamped) has been oanceled. The
principal of these bonds is payable In gold, but the interest is payable
at option of holder either in lawful money at 7 per cent per annum or
In British sterling at 6 p. o. Of the Indianapolis <6 St. Louis first 7s
aeries " A" are J. A J.; series " B," M. A 8.; series " C," M. A N.
St. Louis Division bonds, see deed of trust V. 52, p. 42-45.
As to the Cincinnati Wabash <t Mich. 4 per oents, see V. 52, p. 718.
The 100 year mortgage of 1893 Is limited to $50,000,000. In July,
1905, $22,503,000 general 4s were reserved for prior liens (exclusive
of Cairo division, Peoria division, Michigan division and the 8t. Louie
division west of Terre Haute), and $6,748,000 for equipment, oongtruotlon and betterments, etc.. $1,000,000 yearly. See V 78. p. 1446;
V. 79, p. 733. Guarantees Chioago Indianapolis A St. Louis Short Line
Ky., Central Indiana Ry. and Springfield Union Depot Co. bonds. V.
77, p. 510. 517. 769. 1363, 2260; V. 78. p. 1906, 1961; V. 79, p. 2589.
Car trusts outstanding June, 19C5, $1,406,196.
General Finances.— Guarantees interest on Louisville A JeffersonvUie Bridge bonds jointly with the Ches. <st O. V. 68, p. 822. On June
30, 1904, owned stock in Chesapeake A Ohio representing an outlay of
$2,453,569, Cincinnati Northern RR. securities costing $1,105,387
and an interest in the Central Indiana Ry., costing $430,027. V. 71,
V. 77, p. 517; V. 79, p. 912.
p. 398 V. 75. p 455
The stockholder voted June, 21, 1905, to increase the common stock
from $28,700,000 to $40,000,000. Of the $11,300,000 new stock,
$2,872,100 was subscribed for by stockholders pro rata at par to
provide for improvements and equipment and $4,727,y00 additional
Bold, balance to be held for future requirements. V. 80, p. 1423, 19il,
2343, 2399; V. 81, p. 264.
Earnings.— For 8 mos. ending Aug. 31:
6ro*s.
Net.
Oth. inc.
Charges. Bal.fordiv
8 mos.
1905
$14,280,201 $3,469,226 $55,305 $2,675,471 $849,060
1904
13,890,003
3,475,089 151,484
2.637,402
989,171
Report.— Fiscal year has been changed to end Deo. 31. Report
for 6 months ending Deo 31, 1904, was in V 80, p. 1358. Report for
1903-04 In V. 79, p. 899, 911. See also editorial, p. 873.
,—6 mos. end. Dec. 31.—s ^—Tear ending Dec. 31.—n
1904.
1903.
1904.
1903..
Miles operated
1,891
1,891
1,891
1,891
Passenger earns
$4,480,037 $3,405,778 $6,378,877 $5,778,490
Freight
6,810,028
6,84,8,385 13,053.864 13,234,298
Mail, express, etc....
851,223
815,969
1,637,213
1,377,973
;
J.
J.
J.
F. A. A
1, 1890, the oommon stock was $20,500,
has been increased to acquire stocks of line? absorbed, etc.
it
600,000
6
9,179,000
4= g.
1,000,000
5 g.
8,500,000 See text.
8,500,000
19.403,000
4 g
See text.
4^ g.
185,474
5
1,279,000
5 g
5 g
1,896,000
244,000
5 g.
1,285,000
5 g.
4,500,000
4 g
899,000
3g.
700,000
5 g
00-*03
Capital Stock.— On Jan.
As
A O.
5g. J. & D.
4*sg. J. & J.
5 g. See text
4iflg. M. A N.
#»/«<«-Pnno»When Due.
by Stocks— Last
Dividend.
pal.
<e
13
Volebroo fataie— lstM.,$593,400,und. Read.M.of'96e
Colorado Midland— 1st mort., $10,000,000. Ce...o* 259
51
Color. <£ Northwestern—1st M. ,$1,000,000, g. Us
Colorado <£ So.- 1st pref., 4% non-cum., $8,500,000
2d pref., 4 per cent, non-oum., $8,500,000
c* 1,059
1st mortgage, gold, $19,853,000. Ce
Ref .M., $100,000,000, g .red. 101 ,beg.'08.Ce.o*&i
'05, due monthly, red par
Car trust notes July 1,
Coll. ir. eq notes, due quar., redeem. par..»»St...
75
Col. Sp.<t Or. Cr.D. Ry.—istM.. $2,000,000,g.s f.Ce
75
2d mortgage, $1,000,000, gold, sinking fund. ..
1st consol mortgage, $3,600,000. gold.Mo.cfer
Colorado & Wyoming Ry.— 1st M., *7,500,000, gMe 171
75
Col. Newb. dt Laurens-let M., $12,000 p. m.sBa.
70
Columbia Southern—1st M.. gold, $2, 100,000. N...
Columbia <£ Greenville— See Southern Bf
x. Series "A" J. &. J; "B" A. A O.;
y "C" M. A N.;
000;
Amount
1893
1,000
1896
1,000
1900
1,000
1888 1,000 Ac
1895
1,000
ao
50
1892
1,000
98*00 1,000
1892
1,000
i92
192
Iron-Bee Western Maryland.
Coal River Ry -See Chesapeake A Ohio
Ooal
dtOhic.
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Outstanding Cent. Payable
Whom.
Size, or
Par
of
For explanation of column headings, Ac, see notes of
Road. Bonds Value.
on first page of tables.
47
c—
&
RR,-
;
,
dtflcit,
$57,394.-(V. 76,
Coahuila
Coal
6c fc»aclnc
p.
209;
V. 80, p. 468.)
Ry.— See Mexioan Central
Ry.
Coke Ry.— Pro.jeoted
from Elkins, W. Va., to Charleston,
W. Va., about 180 miles, of which Charleston to Gassaway, 92 m„ are
in operation; the balanoe is to be completed In the Jail of 1905;
of this 28 miles were operated in September, 1904. lu 1901 acquired
Roaring Cieek and Bel ngton RR., Mabie to Belington, W. Va., eto 18
miles, with branoh from Leiter to S^nd Run, 7 miles
About 100,000
acres of coal lands are owned along the line of the road. Stock
authorized and outstanding, $10,000,01(0. Mortgage covers road and
coal lands; V. 78, p. 47 Vear ending June 30, 1905, Including Roarin<*
Creek A B^lington (134 miles), gross, $381,696; net, $107,416. Pres ,
H. G. Davis, Elkins, W. Va.; Sec, O. M. Hendley, Washington, D.
ic
,
C—
(V. 78, p. 47; V. 81. p. 264.)
Colebrookdale
RR.— Pottstown
to
Barto,
Pa.,
1284 miles
A Reading Ry. Common stook, $297,215; par $50.
Colorado Midland Ry.—Owns from Colorado Springs to New
Leased to Phila.
Castle, Col., through Busk-Ivanhoe tunnel, 234 miles, including Snowden to Leadville, 8 m., not operated; Jerome Park branoh, 15 milesAspen branch, 18 m.; total owned, 267 miles. Leases New Castle to
Rifie Creek, 14 miles, and Rio Grande Junotion RR., Rifle Creek, Col
to Grand Junotion, 63 miles; total owned and leased, 344 miles.
Organization.—Suooessor Oct., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan in V. 64, p. 1224, 1226.
In May, 1900, a majority of stook was purohased in the Joint Interest
of the Colorado A Southern and Denver A Rio Grande. V. 70 p 686
791, 997, 1290; V. 71. p. 28; V. 73, p. 1111. No stock is held by the
public Pref. $6,000,000; common, $4,000,000.
Bonds.— In June, 1900, the $6,250,000 2, 3, 4s were made full 4 per
oent bonds, and the right to issue $500,000 prior lien4s was waived:
V. 70, p. 1290; see also V. 71, p. 139.— (V. 72, p. 821.)
Trs.end.JuneiO. Cross.
Net.
Misc. inc. Oharges.
Balance
1903-4
$1,802,042 $304,884 $40.0*9 $452,273 df.$107,3«
1902-3
1,962,645
336,610
41,408
466,040
df.87,992
Officers.—President, Frank Trumbull; Vloe-Pres Geo. W. Kramer;
Treas., H. B. Henson; Sec, Harry Bronner, 5 Nassau St., New York.
Directors.— Grenville M. Dodge, Edwin Hnwley, B. C Uendersjn, George J
Gould, Kdwin Gould. Winslcw S. Pierce, Harry Bronner, El. T. Jeffery and
Frank Trumbull.- V. 75, p. 6B5; V. 77, p 2035, 2 i»9.
,
Colorado A Northwestern
RR.— Boulder
to
Ward,
Col.,
m
26
miles; 8unset to Eldora, 20 miles; branohes, 5 m.; total, 51
Extension of Sunset Eidora line is to be built. Has 10-year contract expiring 1915. to reach Denver Union Depot fiom Boulder over Colorado A Southern (3d rail electric). V. 80 p 650.
Successor of the railway company, sold In foreclosure May 4,
1904. Stock, $1,000,000, all outstanding. Bonds, see table above. V.78
p. 1961; V. 79, p. 212,268. Year ending June 30, 1903 "26 miles), gross
$54 481; ret, $5,408. President. S. B. Dick, Meadville, Pa.; Vice-Pres!
and Gen. Mgr., Robert Law; Sec-Treas., W. B. Hayes.— (V.«l, p. 507.)
Colorado
Southern It y.— {See Map.) Operates from Orin
Junction, Wyoming, through Colorado to Fort Wortb, Texas, viz.:
A
—
RAILWAY STOCKS AND BONDS.
48
[Vol. lxxxi.
Bo uas— f ruiui
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
Amount
Par Outstanding Rate Per When Where Payable, and by Stocks— Last
For explanation of column headings, &c, see note
of
of
Cent.
Payable
on first page of tables.
Road. Bonds Value.
Whom.
Dividend.
Oolumb. <CL. Mi<?A.— IstM., g $20,000 p. m.Ta.*c
Columbus a Toledo— See Hocking Valley Ry.
Ool/umbus dk Xenia Stock, 8 per cent rental
Combination Bridge (Sioux City, la.)— 1st
Concord dk Olaremont (N. H.)— 1st mortgage
c
Concord dk Montreal— Stock, Class I. (B. C. <& M. pf.)
—
71
166
262
'97-'99
1900
$500,000, Int. guar
Concord dk Ports.— 8tock, 7 p.c. rent'l, 99 yrs. Cono'd
Conn. dk Passum.—Pret. stock, 6 p. o. rent'1,99 yrs.c
o*
1st mortgage $1,900,000, gold
Massawlppi st'k, guar.same dlv. as Conn. & Pass.
guar, by C. & P.c*
Newport & Richford 1st mort.
Connecticut River— Stock ($3,670,300 authorized)..
c
Bonds, not mortgage, for $1,000,000, gold
Bonds, not mortgage
no
do
do
V.Val.lBtM.,wlth$500,000S.Co.RR.stk.ascol c*
Connecting (PhUa.j— 1st M., gu. p. & i. Pa. RR. en. c
Phil. Germ. & Chest. Hill 1st M., gu. by Pa. R.y.r
...
3% per ent gola mortgage, $5,000.000
Cooper strwn dk 8u-q Tal.- 1st M., $200,000, int.gu.
Copper Range—1st mortgage, gold (see text)
Cornwall dk Lebanon— Stock.
1st mort., $800,000. red. at par beginning 1906.r
Corvallis dk Eastern—1st mort.($ll,250,000). Ce.o"
Colorado
1893
1,000
100
1893
1,000
1901
1,000
1903
1,000
1880
1,000
1864
1,000
1883
1,000
1902
1,000
1888 100, &o.
1899 500, &o.
50
1891 100 <feo.
1898
1,000
24
7
36
19i3
105
26
26
....
& Southern Ry.— (Conoluded.)—
the Cheyenne & Nor. Division with the system at Greeley and Denver;
also over Atchison tracks, Denver to Pueblo, Col. V. 69, p. 179.
Organization.— Succeeded on Jan. 11, 1899, per plan In V. 67, p.
748, the Union Pacific Denver & Gulf and Denver Leadville & Gun
nison. Owns a large majority oi the common stock of Fort Worth &
Denver City Ry., which see. Colorado Midland is controlled Jointly by
Colorado & Southern and Rio Grande Western. V. 70, p. 739. In Mar..
1902, Edwin Hawley. President of Minneapolis & St. Louis RR.. and
associates, acquired control. V. 74, p. 679. 727. The voting ru>t expired April 1. i9l5 Denver* Interurban (Electric) Ry. V. 79, p. 1266
In )M>5 control of Col. Spr. & Crip. ( r. Diet. Ry. was acquired; also
Trin. & Brazos * al.,Cl. boine to Mexla, Tex.,79 miles, and WlcbitaVal.,
Byers to Sejmour, lex., 75 miles. See Fir-ANCts. V. 80, p. 1423, 185b;
V. 81, p. 1241
Stock.— Common, $31,000,(00; par, $100. Pref., see table above.
Divn ENDS.-lt-t pref.. 1900,2 p. c; 1901, 3^; 1902, 3H; 1903, 4 p.c;
1904, April, 2 p. c; id Oct., IS 04, the dividend was passed. V. 79. p. 967.
BouDB.-lftM.,see V. 68, p. 1027; V. 77. p. 2158; V. 79. p. 2147.
The* t0,00<\i (0 refunding bonds of l f 05 are issc able or reserved
as follows (compart- ''General Finances" below):
For refunding bonds and quipment obligations of the
system, including controlled linen
$36,8f0,000
Forbettermenisand Improvements, including equirment,
at thecuniulatne yearly rate, beginnli g Jan 1, 1605,
1', 000 000
Of $M
01 mile of operated and ci ntro led lines
2,5^0,000
For leinjbuiet-nitntof the tieasury of the company, etc..
For acquisition of additional roperty (including 1 roper
provision for the cost of double tracking parts of the
45. 6f 0,000
ex is lii k main lines of the ay tem)
General Financi-s.— In Apr 1. 1905, a syndicate p' rchasea about
$100,00o,00O refunding 4\ p 0.
$17,00o,0ot of a pro.osed Issue of
bonds and agreed to furnish $1^.000.(0 cash Of these bond $8,000,000 will be bsued to t^ae up th- equipment trusts ("the payments
per annum") and eron wht( h now aggregate about $4* o
tam other obligations of the Col< rado & Southern and 'he Fort
Worth & Denver Citv, pay for the Cripple ' reeh. f-hort Line RR. and
provde working capital the remaining $n,OoO,000 to pay for a new
extensb n to the <-»ulf at a cost of from $17,00o to $22. oO" a mile, including the Trinity <* Brazos Valley. No farther b-nds, except about
$l,0o0,o.
a year for additions and be teiments, can b- Issued before
1909, without consent of syndicate managers. V. 80, p. 1423. 1971.
Earnings— 2 mos., S 19( 5
Gross, $1, 170,544; net, $329,150
July 1 to Aug. 31. (1904
Gross,
974,1 Zvt; net, 299,652
Report.- Report for year 1904-05 was in V. 81, p. 1169, showing:
1902-03.
1903-04.
Tear ending June 30—
D<04-05.
$6,142,989
Gross earnings
$6,228,744
$5,702,687
4,908,111
Operating expenses & taxes... 4.787.745
4,4"2.672
$l,iS34,878
Net earnings
$1,210,015
$1,440,^99
Total net income
$1,293,753
$1,249,799
$1,482,183
Interest on oonds, etc
796,800
811.958
871,867
4%)340.Q(iQ
Dividends on 1st pref
(
( 4%) 340,000
•
>
1
.
$156,953
$610,316
$97,841
Officers.— Chairman, Grenville M. Dodge, N. Y.; President. Frank
Trumbull, Denver, Col.; \ loe-Pres. and Gen. Man., J M. Berbert,
Denver, Col.; Sec. and Treas., Harry Bronner. 5 Nassau St., New York.
Dlrectors.-Grenville M. Dodge. Henry Bonge, Jumes N. Wallace. John J.
Emery, B. V. V immim, Kdwm Hawiey, Henri K. llnnlngti n. W S U»ndall. Nnrman B. Ream Harm Winterteidt and Harry Bronner, New York City;
Harry Walters. Baltimore, Md.; Frank Truraonl Denver, 1 ol.
- (V. 80, p. 1911, 971, 262o; V. 81, >. 66b. 1099, 1 69, 1241.)
Col. southern New Orleans Ac PacIflcFKR.— V. 80, p. 2399.
Colorado Spring* Ac Cripple » reek District Ry.— Colorado
8prlngs to Cripple Creek, Col., 46 miles; branch, Cameron to Victor, 5
in.; other branches and sours, 24 m.; total, 75 miles, of which 59 m.
steam. 14 m. steam and electric and 2 m. purely electric. In Jan. 1905,
Colorado & 801. them acquired the ro .d. V. 8 », p. 472, \ 1 1. 1423.
Stock, all outstanding, common. $1,200,000; preferred, 5 p o. nonoum., $8o0,000. Par of shares, $100 each, linking fund can retire
first mortgage bonds yearly at 110 for the first 15 years, then at
107 *« for 5 years, then 105 (or the next five years, then 102 >« for three
...
I
,
I
years, thereafter »t par.
1,000,000
290,000
969.000
800,000
2,000
1,000.000
991,000
200,000
2,025,000
800,'
F.
J.
10
4
g-
319
31a
5
6
413
313 g.
5
5
g.
00 6 in 1905
5
4 g.
766,400
1,410,000
F.
&
V. 76, p. 345.
Eaknings.— For year ending June
30, 1904, gross earnings, $764,
719; net Income, $339,00"; charges, $^01,570; sink fund, $38,236;
Trumbull.— (V. 81. p. 725.)
Bur., $99,201. Pres., Frank
fflexlco Ry.— Graded in June 1905, from
Colorado 'Texan
Llano to Ftedericksbuig. Tex.. 48 miles, and construction was in
progress from Abilene to Haskell, Tex 52 miles Projected from
Washburn, Tex .on ecting with the Fort Worth & Denver 'lty and
Atoh. Top. & Santa Fe and Rock island to San Antonio, 400 miles.
Stock authorized, $375, 000; » ar of shares, $ 00. The stockholders
were to vote July 10, laOj, on making a mortgage. V. bO, p, «457
&
,
<
— (V.
1922
,
do
do
do
1%
Oct. 1' 05,
Oct. 1'05,
Oct. 1' 05,
W
1%
B'eton.Faneuil HallB'k Jan. 1, 1911
Boston Safe D. & Tr.Co. June 1, 1920
Bos. S.D.
Tr., Boston, June 1, 1920
&
do
do
Manchester, N. H.
Boston, S. Dep. &Tr. Co.
do
do
A.
do
do
J.
do
do
J.
Boston, Mass.
S.
do
do
J.
do
do
J.
do
do
O. Boston. S Dep.A Tr.Co
&
&
J. &
M. &
J. &
J. &
A. &
M.15 AS
M. & N.
M.15&S
M. A N.
A. & O.
J. & J.
A. & O.
6
5
Sept. 1,
Columbus, O. Treasurer Sep. 10/05,2%
N. Y., Hanover N. Bk. July 1, 1915
Boston, 1st Nat. Bank. .Jan. 1, 1914
See text.
Oct. 1' 05, 1\
Phila.,
Broad
June
July
1, '05,
Sept. 1,
Jan.
Jan.
Oct
May
do
1,
5%
1943
1921
1923
1910
1904
1913
Mar. 15, 1932
d<>
May
Oct.
off.,
1,
1,
1.
Sept. 15,
Boston, Mass.
do
1920
Aug., 1905, 3%
Jan. 1, 1911
Coop'st'n, N. Y.,Nat. Bk.
Co.'s
1,
July,'05,3is%
Aug. 1, '05, 3%
Apr. 1, 1943
St. Stat'n.
do
do
1,
1,
1918
1949
Lebanon, Pa. July31,*05, 3%
do
Apr. 1, 1921
Feb. 1, 1998
New York City.
A.
President Morris R. Locke, 20 Broad
Mites.
Miles
Lines "toned.
164 Other lines, br., etc. (106 nar. pan.) ?59
Cheyenne to Ortn Junction
128 Trackage— Pueblo to Walsenburg
Denrer to Bessemer Jnnct.. Col...
Denver to Leadv. (narrow gauge). 15<!
(Denver 4 Rio Grande)
68
Como to Baldwin Mine ( do ). 131
Trinidad, Col., to Texas State line 135
Total operated June 80, 1905.. 1,118
Also has laroe interest in Fort Worth & Denver City Ry., 468 miles
Has traffic and trackage agreement with Union Pacl Ho, connecting
Balance, surplus
400,000
350,000
3,630.000
100
6-75
See text.
S.
Q—
1,000
1881
&
Q—
100
100
110
37
22
80
M.
5
M.
1,786,200 See text.
500,000
J. & J.
5
4i« J. & J.
500,000
800,000
7
Q.-J.
540,400
Q.-J.
7
459,600
7
Q.-J.
5,647,600
7
J.
500,000
J. & J.
6
5,000,000
4
J. & D.
1,050,000 3i2&4 J. & D.
313
462,000
J. & D.
350,000
J. & J.
7
F. & A.
2,500,000
6
1,900,000
4g. A. & O.
1,000
1,000
40^
c
$800,000
$1,000
50
1895 500 &o.
1894
1,000
100
100
100
100
1881
1,000
1890
1,000
55
M
Stock, Class II (B. C.&M.new)
Stock, Class III. (B. C. & M. old stock)
Stock, Class IV. (Concord) $6,000,000 auth. Text
c
Bost. Con. <fe Mon. improvement mortgage
Concord & Montreal con. M. for$5,500.000.BR.o*
o*
Debenture bonds, $1,150,000, currency
Do
1902
....
,
St.,
N. Y.
Office, Abilene,
Tex
80, p. 2457).
& Laurens RR.— Columbia to Laurens,
C, 75 miles. Stock, $500,000 Bonds were 6s, but re-issued as 3s
1900 under agreement, certificates of Interest to amount of 40 p. 0.
of bonds being Issued bearing interest, if earned. Loans and bills
payable June 80, 1904, $58,000.
Earnings 2 mos., ) 1905
Gross, $38,670; net, $9,905
Columbia Newberry
8.
in
July 1 to Aug. 31.
< 1904
Gross. 31.«84; net, 8,224
Year ending June 30, 1905, gross, $232,914; net, $48,666; charges,
$35,039; bal., sur., $13,627. President, W. G. Childs, Columbia, 8. C.
Columbia River Ac Northern Ry.— V 80, p 1111.
Columbus Hock. Valley & Tol.— See Hocking Valley Ry.
Columbus &. Lake trllchisan RR.— Owns Lima, O., to Defiance, 40 miles. Successor. Aug., 1902, to Col. Lima & Milw. RR., foreclosed. V 75. p. 289, 1147. Extension proposed In 1906 from Lima to
West Mansfield. O.. 40 miles at a connection with Toledo & Ohio Central. Stock authorized, per mile, +10,000 eaoh of common and 4 p. 0.
non-cumulative pref.; par, $100. Bonds, see table above. By agreement coupons to Sept., 1905, were not presented. Pres., Elliott C.
Smith. 33 Wall St., N. Y.; Treas., E. Hope Norton. -(V. 76, p. 804.)
Columbus & Southern Ry.— Lancaster Junction, O., at a connection with the Penn RR.,to South Bloorutngville, 34 miles. Successor of the Columbus Wellston & Southern RR., sold in foreclosure to J. G. Reeves and associates <>f Lanoaster, O.,on Deo. 4, 1901,
V. 73, p. 1206; V. 75, p. 184. Stock auth., $ ,000,000.— (V 75, p. 239.)
Columbus 4c Xenia RR.—Owns from Columbus, O,, to Xenia, O.,
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, In connection with that road, to the Pittsburg Cincinnati Chicago & St. Louis, whloh pays 8 p. 0. on stock. The
lease Is guaranteed by Pennsylvania RR. Co Dividends, '^5 p. 0. per annum, from assets, were discontinued In 1901. —(V. 72. p. 532.1
Combination It r «!::«> (Sioux City, la.)— Owns steel bridge
1,940 feet long over Missouri River, with approaches, 1 mile, used by
railroads and street oars and as a highway. Stock, $1,500,000. Mort.
trustee.. Union Trust Co. Indian apollc, Ind.
Pres, Jos C. Head, Latrobe. Pa.; Seoy., F. L. Eaton, dloux City, la.— (V. 78, p 102, 2 6.)
Concord & ITIoiiirenl RR.— From Nashua, N. H., via Con
cord, Plymouth, etc., to Groveton and the White Mountains. 450
miles in all. Including Manchester & Keene, 30 miles, owned jointly,
414 miles; 35 miles double track. Owns Conoord H rt-*t Rv. 13 miles;
a so eleotrlo branch from ('one rd to Manchester, N. II., 17 miles.
On Ju e29, 1^95, leased to Boston <te Maine for 91 years at rental
of 7 p. 0. per annum on all stock. (V. 78, p. 228. 286.)
Concord & Portsmouth RR.— Owns Portsmouth, N. H., to Manchester, N.H., 40^ m. Leased to Concord RR. in 1862 for 99 years; rental,
$25,000; 7% on stock and org. exp. Operated by Boston & Maine.
Connecticut & Passumpslc Rivers RR.— White River Juno.
Vt.. to Canada Line, 110 m.; leases 999 years Massawlppi Valley, 37 m)
Lease.— From January 1, 1887,
the
leased
to
Boston &
Lowell for 99 years on a basis to pay Connecticut <fc Passumpslo stock
5 per oent till January, 1897, inolusive, and 6 per oent thereafter.
Securities.— Massawlppi stock receives same dividends as stook of
lessee, and $400,000 of it [not included in the amount outstanding
is pledged
as part seourity for 4s of 1893
Of the $2,500,000
preferred, $500,000, as alHO $50,000 Massawlppi Valley Ry stook,
are represented by Connecticut Trust & Safe Deposit Co. o Hartford
5 per oent trust certificates, under which the Vermont Valley has the
right for 45 years from Aug. I, 1885, to purchase the trust stook at
par and Interest and In the meantime receives all dividends above 5
I
:
annum on the stook deposited in trust.— (V. 57,
Connecticut River RR.—Owns from Springfield,
per cent per
p. 1040.)
Mass., to
Keene. N. H., 74 inilee; ->ellows Falls to Rrattleboro, Vt., 24 m.;
branches. 6 m.; total, 104 miles, 1 which 50 double-tracked, Controls
Sullivan Co. KK Beib'ws Falls to Windsor, Vt. 2«
The stockholders voted Apr. 29, 1905, to issue *.0,000 utook to build a connection
the Kltihhurg RR. In Deerflcld. V. >-0, 11. 14 7 8.
lVo miles long with
The etockholders voted Sept 20, 1^05, to 1 sue $ .000 000 additional
stock in exchange for Vermont Valley stock. V. 81, p. 89*.
Lkahk.— Leaned for 99 years from Jan 1, 1893. to the Boston
Maine, annual rental (as amended Oot. 10, 1895) being 10 percent per
annum on cap. stock), payable direotly to stockholders also Interest
on bonds and scrip and $2,000 for organization expenses. Lessee pays
all taxes, operating expenses, etc., but lessor to Issue its stook or
bonds for permanent Improvements.— (V. 81, p. 899, 974.)
•
m
.
A
;
Connecting
It y.
(Philadelphia).— Owum from Mantua Junction
to Frankford Junotion, Pa., 7 miles; Germantown Junction to Chestnut Hill, 7 miles; branches, etc, 23 m.j total, 37 miles. V 73, p. 390.
Stock authorized, $5,800,000 ; outstanding. $3,613,650; all owned by
Divs. in 1902 to 1904, lncl., 4 p. 0. yearly
Penn.
(V. 75, p. 1354.)
Coop •i-Ktown
Charlotte Valley Kit.- (Sec
Del.
Hud.)— Owns Charlotte Crossing to Davenport Centre, 4-51 miles;
leases for 99 years from Ja 1. 1, 1889, Cooperstown
Susque Valley
KK., Cooperstown to Charlotte Crossing, with branch to Cooperstown
Jot., 19 48 m., guaranteeing interest on latter's $20o\000 5 p. 0. bonds.
Stook. $45,000, acquired July, 1903, by Del.
Hud.— V. 77, p 88.
RR
&
Map
A
&
&
Copper Range
K It.— Calumet,
Mloh., to Mass <Mty, with
branohes, total, 105 m.; side tracks, 15 111. Stook, $3,886,900, of whloh
1
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
of
For explanation of column headings, &c, see notes
Outstanding
Road. Bonds Value.
on first page of tables.
—
Orlvple Greek Central Common stock
Preferred stock, 4<*t non-oum
-.0*
Mid. Term. 1st mortgage, g., s. f.F
Cuba Eastern—1st inortgige. $1,000,000, g. K..O*
Cuba RR.— 1st M., gold, $20,000 per mile Mo.o&r
Cumberland <t Pennsylvania—1st mort., g., gu.G..
Cumberland Valley— Common stook
Pret stook ($243,000 2d pref.)
41
43
408
57
82
2d (now 1st) mortgage
Dayton dk Mich.—Com. st'k (3iap.c. guar.C.H.&D.)
Preferred (8 p. o. guar. C. H. & D.) endorsed
c
1st mortgage, guar. p. & 1. end by C. H. & D
o
DaytonA Union RR.— lstM.,8. f. (not dr'n)
Dayton Union Ky.—lBt M., s. f., oall at par. F
Delaware — Stook
.
Gen. M., gold.FP
Delaware <ft Chesapeake 1st
Del.
<t
Bound
Br.
—Stock— 8
142
32
224
117
54
o*
M assumed, cur o
& Read.
PeP
,
p. o. en. Phila.
1st mortgage, $1.8O0.0<
<Ss Hud.— 8took, $53,940,000 (text)
1st M. on Pennsylvania Dlv. ($1 0,000,000) Unc&r
Schenectady & Duanesb'g, 1st mort., assumed ..
Adirondack, 1st M. ,gold,gu. p. &1. end.Us..o*«fcr
Usui
Car tru«ts,$150,000 payable May. y'rly
Equipm't deb., $2,500,000, $200,000 an'ly, Jan. 1
Guaranteed Bonds.
Hud. Coal Co. deb gu., p. & 1. end., part due. y'ly
Bluff Point Land Improve. Co. lstM.,gold,guar.c*
c*<fcr
Chat. Ore & I ref. M., oall 105. Co
*34
Del.
14
57
—
,
Albany & Susquehan. RR N. Y & Canada RR
Delaware Lackawanna <6 Western— Stook
Con. M. now 1st on roao. & equip ($10,000,000) Fo
,
.
1895
1,000
1903
1,000
1902 l.OOO&o
1891
1,000
50
50
1856 500 &0.
50
50
1871
1881
1,000
1,000
1879
1,000
1899
25
1,000
1892
1882
1,000
100
1,000
1905
100
1877 l.OOO&o
100 &c.
1874
1,000
1892
1899
1,000
1900 10,000
01 -'02
,
1890
1902
Chate augay
i"94
$1,281,800 owned by Copper Range Consolidated (Mining) Co. Bonds
limited to $20,000 per mile of main line and branohes and $15,000 per
mile of sidings. Of the $2,025,000 bonds outstanding, $615,000 were
in Jan. 1904, held in the treasury of the Copper Range Consolidated
Co. V. 78, p. 228. For 1 month ending July 31,1905, gross, $61,173;
net, $30,981. Year ending June 30, 1905, gross, $628,611; net,
$257,120; charges, $101,248; bal , Bur $155,872. President, William
A. Paine; 8ec. and Treaa., Frederic Stanwood, Boston.— (V. 78, p. 228.)
Cornwall RR.— V. 74, p. 1139.
,
RR.—
Cornwall Sc Lebanon
Owns Lebanon, Pa., to Conewago,
2166 miles; branohes, 4 78 miles. In June, 1901, the Pennsylvania
Steel Co. acquired $540,000 stook, nearly all the remainder being
owned by the Lackawanna Steel Co. V. 72, p. 1241, 1287.
Divs.— < To 1893 '94 '95 '96 '97 '98 '99 1900 '01 '02 '03 '04 1905
<4to4iayrty
4i-a5 5is6
6
(P.O.)
Earnings— 2 mos , J1905
Gross, $81,091; net, $50,148
July 1 to Aug 31. } 1904
38.088: net.
13,906
Gross,
Surp. over charges. 2 mos., $41,781 in 1905. agst $5,902 In 1904
1904-'05, gross, $293,263; net, $131,899;other Income, $405; charges,
$49,120; div (6 p. c), $48,000; bal., surp., $35,184 —(V. 72, p 675.)
Corva Ills
Eastern
Owns Yaquina to Idanah, Ore., 142
miles. Land grant was 850,000 acres. Successor lnl897of Ore Cent.A
Eastern, and so of Oregon Pacific, foreclosed Dec, 1894. Stook. $11,250,000; outstanding, $1,410,000, Mortgage provides for ei tension.
Earnings.—In year ending June 30, 1904, gross, $147,237; net,
$40,240 ; total deductions, $65,358.-(V. 68, p. 474; V. 77, p. 2159.)
24 434
&
66
RR.—
Cotton Belt.—See St. Louis Southwestern Ry.
Cripple Creek Central Ry.— Divide, Col., to
Cripple Creek and
Florence, etc., 77 miles; Victor to Isabella, 6 m.; branohes and spurs
to mines, etc., 41 miles; total, 125 miles, of whloh 43 miles standard
gauge. Controls Midland Terminal Ry., Florence & Cripple Creek RR.,
Golden Circle RR., La Bella Mill Water & Power Co., Colorado Trading
& Transfer Co. and $22\000 United States Reduotion Refining Co.
1st mort bonds. See V. 69, p. 851, 1011, 1103: V. 72, p. «84; V. 74. p.
880; V. 77, p 1542. Reorganization per plan V. 78, p. 2018: V. 77, p.
1542 of the Deny. & South w. foreclosed Oct. 4, 1904. V. 79, p. 1461.
Stock and Bonds.— Common stock, $2,500,000; 4 p. c. non-oum. preferred stook, $3,000,000; par of shares, $100; For Midland Terminal
bonds, see table above; Midlaud Terminal equip, notes, $24,000.
Dividends.- On pref., 3 p. c. paid July 20, '05; Oct. 25, 1905, 1 p. o.
(quar.) On com., Oct. 25, 1905, 3 p. o. from earnings of fiscal year
1904 05. V 81, p. 1241.
Report.— Report of old Co. for year end. Nov. 30, '02, in V.76,p 702
President, Henry M. Blaokmer; Vice-Pres., R. E. F Flinsch; Sec. &
Treas., John Gorlow. Directors, V. 79, p. 1461. -(V 81, p. 1241.)
Owned from Granadillo Bay, on south coast
Cuba Eastern
of Cuba, northwest via Guantanamo to forest lands owned by the Cuba
Hardwood Co., 43 miles; extension under construction to La Maya
30 miles, of whinh 22 miles operated July, 1905; to be extended eventually to Nipe Bay, on the north shore of Cuba; also branch to be built
from a point near Guantanamo easterly to Baraoao. Has five-year
contract with Cuba Hardwood Co. V. 76, p. 1 355. Stock, $2,000,000,
all outstanding. Bonds (see above). Pres., H. W. Bennett. Office, 7981 Wall St.. N. Y.- (V. 76. p. 1355 )
Owns from Santa Clara, Cuba, to Santiago de Cuba,
Cuba
856 miles, branches, Zaza Jet. to Sanotl Splritus, 9 miles; Alto Cedro
to the Bay of Nipe, 31 m.; Ponupo branoh, 12 miles, and leases Jucaro
to San Fernando, 42 miles; total. 408 mllos
See V. 75, p. 1157, 1347.
Road opened Deo 8. 190^ Govt, loan, $798,450, due Deo 15, 1916,
without Interest. V. 81, p 264.
Stock authorized, $10,000,000 each of common and 6 per cent nonoum. pref.; outstanding, common, $6,126,000; pref f$10.000,000; par
of shares, $100. Bonds, see table above. President, Sir William C.
Van Home; Vioe Pre-. Franklin B Lord; Sec, Chas. J. Fay; Treas.,
James I. Burke. Office, 83 Montgomery 8t., Jersey City, N. J.; 80
Broadway, N. Y.— (V. 75, p. 1147, 1307; V. 81. p. 264.)
&
RR.—
RR.—
,
Cumberland & Pennsylvania RR.— Owns
from Cumberland,
Md., to Piedmont, Md., and several branohes, 57 miles. Owned and operated by Consolidation Coal Co., whioh guarantees by endorsement the
first mortgage. V 52, p. 390.
Stock, $1,500,000; par, $100. For year
ending June 30,1904, gross, $990,447; net, $461,335; charges, $106,323; dividends, $16 ,606; balance, surplus, $193,406
Cumberland Valley
Owns from Harrisburg,Pa., to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total dlstanoe of 116 miles). It leases— Cumberland Valley & Martinsburg Railroad, 34 miles; Dlllsburg & Mechanlcsburg Railroad, 7 miles;
Southern Pennsylvania Railroad, 21 miles; leases Cumberland Valley
<fe Waynesboro
RR., 18 miles; total operated, 163 miles. V. 61, p. 152.
1
RR.—
Stock. Etc.— Pennsylvania RR owns $975,850 com. and $237,200
The $139,500 8 p o. bonds maturing Apr, 1, 1904, were paid off.
Dividends.— In 1880 to 1884, 10 per cent yearly; from 1885, to
Oct., 1905, both Inclusive, at rate of 8 per cent yearly.
Report.— Earnings entire line as follows:
Tear.
Gross
Net.
Int.. etc. Dividends (8 p.e.) Bal., surp.
1901.... $2,165,5 a'8 $661,132 $50,609
$142,228
$468,295
1903 ... 2,019.378
425,296
207,836
75,232
142.228
From surplus In 1904 $136,830 was appropriated for extraordinary
pref.
erpendltures.-(V. 70, p. 580; V. 72, p. 391, 532; V. 77, p. 1873.)
See text
See text
J. & D. N. Y., Farm. L. & T. Co.
M. & S. N. Y., Kniok. TrnstOo.
J. & J. N. Y., Morton Trust Co.
M. & N. Guar. Trust Co. of N. Y.
Q.-J. Phila. & Chambersburg.
Q.—J.
& O.
& O.
Q.-J.
J. & J
J. & D.
J. & J.
J. & J.
J. & J.
P. & A.
Q.— F.
P. & A.
Q— Mch.
M. & 8.
M. & S.
M. A 8.
M.15&N
J. & J.
M. & N.
J. & J.
A.
A.
do
do
do
do
Oot. 25, '05, 3
0<t. 25, '05,
Deo.
Mar.
July
May
1,
1,
1,
1,
1925
1933
195«
1921
Oot. 2. '05,
Oct
2%
2%
2, '05,
Apr. 1, 1908
Oct. 1, '05,1%
Cincinnati.
do
Oct. 4, '05,
N.Y., Kessler Co., Ctn. Jan. 1, 1911
N.Y., Am. Exoh.Nat.Bk Dec. 1, 1900
N. Y., Farm. L. Tr. Co. July 1, 1949
July 1, '05,
Checks mailed.
Phila., Broad 8t.Station July 1, 1932
Feb. 1, 1912
do
Phila., 240 So. Third St. Nov.20,'05,2%
2%
&
&
3%
do
do
Aug.
1,
1985
N. Y.Of .,21 Cortlandt St Sep. 15,'05,1%
1917
1924
Mar. 1, 194^
1906 to 1909
1906 to 1914
do
do
do
do
do
do
do
do
do
do
Sept. 1,
Sept. 1,
do
4
do
do
300,000
do
do
1.300,000
4 g- J. & J.
c. RR., Utlca Clln.&B Ing.RR., Coop. & Chart. Val
50 26,200,000 See text. Q.-J. N. Y., 26 Exchange PL
do
do
M. & S.
3,067,000
7
1,000
2,620,000
1,000
1,000
1,000
& L. Pla
1877
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Slocks— Laet
Dividend.
Payable
Whom.
Cent.
$2,500,000 See text.
3,000,0001 See text.
455,000
5 g.
1,000,000
6g.
5 g.
5,349,000
5 g
1,000,000
1,292,950 8 In 1905
484,900
8
94,000
8 g.
3ifl
2,401,900
8
1,211,250
5
2,728,000
225,000
7
473,000
4 g.
2,987,225 6 In 1905
4*2 g.
500,000
400,000
4
1,800,000
8
3 Jag.
1,800,000
40,940,000 7 In 1905
7
5,000,000
6
500.000
4iflg.
1,000,000
3ia g.
600,000
4
1,700,000
$100
100
49
—
May 1, '06-18
Jan. 1, 1940
Jan. 1, 1949
See those cos.
Oct. 20,'05,2i«
Sept. 1, 1907
&
Southwestern Ry.— Owns Egan, on Mo.
Dallas Cleburne
Kan. & Texas RR., to Cleburne, 10 miles. Operated from Deo. 1, 1902.
Extension proposed from Egan to Dallas, 27 n lies, and from Cleburne to Glenrose, 50 miles. Leased to Mo. Kansas A Texas Ry. V.
76, p. 48. Bonds authorized, $150,000 first mort. 30-year gold 5s, due
Jan. 1, 1933. President, W. D. Myers, Cleburne, Tex.— (V. 77, p. 88.)
Michigan BR.— (See Maps p. 40, 4 I.) -Owns
Dayton
Dayton, G.toToledo Juno., O., 141 miles; trackage into Toledo,
Leased May 1, 1863, In perpetuity to Cincinnati Hamilton & Dayton.
Rental is Interest and sinking fund and 8 p. 8. on pref. stock and 3 lap.
Guaranty onpreferred is secured by mortgage of 1871,
o. on common.
but the preferred oarries no voting power. V. 56, p. 813. Mortgage of
1856 is held alive under mortg. of 1881, whloh is therefore a first lien.
Dayton Union RR.—Owns from Dodson, O.. to Union City,
Ind. 32 miles: leases Dayton to Dodson. 15 miles; total operated, 47
oui«, which, jointly
miles. Operated by Cleveland Cln. Chicago <fe St
with the Cincinnati Hamilton & Dayton, owns the $86,30 • stock. Al,
^inking fund for redemption
surplus earnings over interest goes to a
of bon'1 s at Dot above 100. Year ending June 30, 1904, gross. $153,,
528; net, $4 972; other income, $9,000; charges, $20,558; def ,$6 582.
Dayton Union Ry.—Union depot at Dayton, O. Used by Pitta
Cinn. Chic. & St. L., Cleve Clnn. Chlo. & St. L Cinn Ham. & Dayton,
Dayton & Union RR. and Erie RR. under lease whioh provides that
lntereston bonds andotherexpensesbedividedbetweenthemontrain
basis. Stock, $321,000, all common. Pres,, M. E. Ingalls; Sec, W. V.
&
mm.
&
I
,
,
Stark; Treas., J. E.
Howard.
Office, Cincinnati,
O—
(V. 73, p. 1312.)
Crossing, Del., to Delmar, Md., 95*22
miles; branches, Centreville, Md., to Townsend, Del., 35*15 miles; Clayton, Del., to Oxford, Md., 54-28 m.: Seaford, Del., to Cambridge, Md.,
3297 m.; Masseys, Del., to Cheetertown, Md., 20*69 m.; other branches,
10*46 m.; total, 248*77 miles. V. 67, p. 1356.
Leased till May 1, 1927, to the Philadelphia Bait. & Washington,
which owns $1,664,475 of the stook: rental net earnings— see V.
64, p. 1000. Dividends 1898 to July, 1905, 6 p. o. yearly. Da yea*
ending Dec. 31, 1904, gross, $2,106,480; net, $569,510; other income,
$12,950; interest, taxes etc., $115,960; dividends (6 p. c), $179,239;
bal., sur., $287,267.-(V. 68, p. 129.)
Delaware
RR.— 8hellpot
Delaware
& Bound Brook RR.— Owns
from Bound Brook
(Central of N. J.) to Delaware River, 27 miles; branches to Trenton, 7;
second track 27 miles all traok 84 miles. In May, 1879, leased for 990
years to Phila. & Reading RR. for $267,000, paying interest and 8 p. o.
on stock; lease assumed by Phila. & Read'g Railway The stockholders on May 11, 1905, authorized a mortgage for $1.«00,000 to retire
the outstanding bonds.— (V. 80, p. 1728; V. 81, p. 210.)
;
Delaware & Hudson Co.— (See Map.)— Operates railroad lines
from Wilkesbarre, Pa., via Albany, NT Y., to Rouse's Point, on
Canada line, with branohes, 821 miles in all. V. 68, p 871.
Lines owned—
Miles.
Lackawanna & Susquehanna.
Valley RR. of Pa
Honesdale Branch
— l\Seethesecos. Mile*.
Linesleased
22 T[ Albany & Susquehanna
142
17 TTNewYorkA Canada
15D
28 TTRensselaer <fe Saratoga
192
goheneotady & Mechanicville. 10 I Chateau gay & L'ke Placid RR. 80
21
Cherry Val. Sharon & Albany 21 TfUnlon RR
TSoheneotady & Daanesbnrg.. 14 IT Jefferson RR. (traokage)
35
2*8
57 Other lines
IT Adirondack Ry
Cooperst'n & Charlotte Val. 24
2
Total operated Jan. 1. 1905.843
Branohes and spurs
Binghamton and Rome & Clinton RR.,
Also leases Utlca Clinton
44 miles, sub-let to New York Ontario & Western.
History. Etc.—This company was chartered April 23, 1823. It is
one of the largest miners and carriers of anthracite ooal.
Stock. - Stockholders on May 9, 1905, authorized $5,000,000 new
stook, malfing a total of $48,990,000. See "Genei al Finances" below.
Dividends. $ *84 '85 '86 '87 '88 '89 to '96 '97 to 1900 1901 to '05
Since '83.% ( 7 6 5 5
6 7 y'rly.
5 y'rly.
7 y'rly.
Dividends for 1905 fixed at 7 p. c, payable quarterly. V. 79, p. 2795.
Bonds.— In 1899-00 Issued $4,000,000 equipment trust 3i-as and debenture 4s, of which $1,350,000 have been paid and the balance is payable $350,000 yearly. V. 68, p. 670; V. 69, p. 1193; V. 70, p. 125. Chafreaugay Ore & Iron Co. $1,300,000 bonds are guaranteed. V.73, p. 1263.
General Finances.— On May 9, 1899, the stockholders voted to set
aside every year, as a sinking fund to retire stook and bonds and
guaranteed securities, an amount equal to at least five cents per ton of
coal sold or $175,000 to $200,000 per annum, to be charged against
income account each year. (V. 68, p. 926. See ordinance in full. V. 68,
p. 1180. Coal owned and controlled Jan. 1, 1905, 218,644,286 tons.
In 1900 $200,000 stock was retired from proceeds of sink, fund; $141,800 in 1901; $151,100 in 1902, $100,000 in 1903, and $417,100 in 1904.
Stockholders In 1904 subscribed to $7,000,000 new stock at $135 per
share to retire the $5,000,000 New York & Canada RR. bonds (D.& H.
.
•Jl
<fe
:
receiving as consideration $5,000,000 N. Y. & Can. 5 p. o. pref. stook),
to pay for standard-gauging the Chat. & Lake Placid Ry and of taking
up $i00.000 of underlying bonds, aggregating somewhat over $2«000,000 (for whioh $2,000,0<i0 Ch &. L. P. stock was received), the
balance accruing to the treasury. The remaining $3,000,000 authorized will be held for similar purposes in the futui 3. See V. 78, p.
583, 985, 1108, 1781; V. 79, p. 269«; V. 80. p. 1170.
Stockholders May 9. 1905, authorized increase of $5,000,000 stook
for conversion, at option of holders to April 1, 1916, of $10,000,000
Albany & Susquehanna 3i« p. o. bonds, to be dated Apr. 1, 1906, on
—
8
\
:
RAILWAY STOCKS AND BONDS.
50
I
Vol. lxxxi.
H!iSaKSS52E5SHBai=^
MAP OF THE
DELAWARE & HUDS<
lWaterloo
RAILROAD SYSTEM.
V™-J
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j
.
-
.
;
RAILWAY STOCKS AND BONDS.
Oct., luoa.j
51
INTEREST OR DIVIDENDS.
RAILROADS.
HoiiaIs -±T1UC-
Miles Date Size, or
Due.
Amount Rate per When Where Payable, and by pal.WbenLast
For explanation of column headings, Ac, Bee notes
of
Par
of
Stocks—
on first page of tables.
Koad. Bonds Value. Outstanding
Cent.
Payable
Dividend.
Whom.
Delaware Md. * Va
Break.
A
Other mortgages
39
19
<&
Delaware Susg.
<£ S.
1860
1874
All.
All.
c*
.
Northampton— IstM., $2,500,0r0,g.,s f.K
River RR. dt Bridge— 1st M., g.,gu. p.&l.GP.o-
Delate.
Del.
—
Junction & B.— 1st mortgage
Prank. 1st m. to State, red. aft. Jan/95
RR.— Stock
10
(auth. $1,500,000)
"70
De.En.dGulf— lstM.,$2,600,000,g.,rert.l03 IHStc*
Denv.Norlhw. <6 Pae.—Ux M., $22,500,000, g.ITIe.o*
Denver <£ Rio Grande— Stock, com., (see text) TV.
Pref. stock, 5 per cent non-oum., $50,000,000. Tr
1st cons, morf for $42,000,000 »
1,667
£goia..u«.o . <scr 1,667
ld
(now 1st mortgage)
Improvement mort. ($5,000 per mile) g. Ca..o*<fer 1,667
Rio Grande South'n 1st mort., guar.Ce
180
Rio Grande Junction 1st mortgage, guar..Oe.c*
62
Rio Grande Western, 1st M.g.(V.69,p.284)Ce.o*
438
.
„
640
33
1st cons, mort., red. at par, see text, gold. Ul o.o*
Utah Cent. 1st M., guar. V. 68, o. 724, g.Itto..
Utah Fuel Co., 1st M., $2,000,000, red. 110. Mo
Pleasant Valley Coal, 1st M., s. f.. red. 115.Mo
Equip. bond«, ser.A. g $76,000 due seml-an
Des Moines dt Fort Dodge— Common stook
Preferred stook. 7 per cent, non-oum
1st mortgage, gold, guar. p. .tl.Ce
f
c'Ar
D.Mo.la. F.aNo— 1st M.. $14,000 p.m., g.red.Col.o*
Des Moines Union— 1st M. for $800,000, gold.Ce.o*
Detroit Brand Haven <t Mil.— 1st equip. M. gu....o*
Consol. mort., guar, (option— see text)
o*
,
143
75
4
189
189
65
3
J. A J. Phil a., Broad St. Station
J. A J.
3
do
do
do
do
4
(1)
5g. J. <fe J. N. Y., Knlokerb. Tr. Co.
Philadelphia. Pa.
1.300,000
4 g F. A A
Drlfton, Pa.
1,500.000 See text M. & N.
1,120,000
5 g. M. AN. N.Y.orMlS8.V.Tr.,StL.
See text.
4g. M. & S. New York or Denver.
$185,000
200,000
650,000
1903
1896 $1,000
50
1908
1,000
1.00'>
1902
100 38.000,000
100 45.691,000 5 In 1905
1886 500 Ac. 33,517,000
4 K1886
4iag.
1,000
6,382,500
188H
8.:- 35,000
500
5 g
1890
1,000 X2.27-.000
4 g
1889
1,000
2,000,000
5 g.
1889 l.OOO&c 15,200,000
4g.
1*99 1,000 Ac 13,333,600
4 g.
1898
1,000
4g.
y 650,000
1901
1,000
839,000
5 g.
1898
1,000
1,131.000
5g.
1903
1,000
413 g1,125,000
100
4,283 J 00
100
783,500 5 in 1905
1905
1,000
3,072,000
4g.
1901
1,000
1,0 >0,0O0
5g.
1887
1,000
671,000
5 g.
1878
1,000
2,000,000
6
1878 200 &c.
3,200,000
6
100
4
1,350,000
Detroit Hillsdale <6 S. W.— 8t'k,4 p. o. rent'l.L.8. AM8.
Detroit Grand Rapids <& Western— See Pbrb Marq DETTB RR."
Detroit Lansing <e Northern—See Pere Marquett E KB.
x Of which
^Delaware
$1 677,000 in treasury; there are also
H
,
,
Gross
18.287,423 $3,071347
$867,286
$<m.S90 $1,504,272 $l,4fl8. 52
Net
1.5»6,4«0
15T8.1-8
188285
863,372
>9i.S02
261,194
928.H53
Sur. OTer cbgs.
925.573
49,265 Of. 14,««9df 37t>,*5 df 484.2i 2
Report.— For 1904 In V 80,p. 1170. Coal (anthracite) carried In 1904,
8.2S5.541 tons: In 1903, 8,657,966 tons; In 1902, 4.640.772 tons
Tear ending Dee. 31—
Earnings of railroads
1904.
1903
1902.
$15,071,124 $13,642,954 $11,050 690
4,-<Hl,5«0
5.473,758
5,875,843
2.9S9.957
2,994.860
2,977,120
Net
(railroads)
Interest, taxes
and rentals
Profit from railroads
Netooal dept
..
$2,87f.,886
..
2,380,561
$1,384,420
1,113,456
$5,256,447 $6,205,157
$803,924 $2,290,363
Total profits
Depreciation of plant
Dividends
$2,478,898
3,726,259
$2,497,876
(7)2,756,162
Overdue.
Mar. 1, 1953
Aug. 1. 1936
May 1/05,3%
May 1, 1953
Sept. 1, 1952
Julyl5,'05,2»*
A
Jan. 1. 1936
do
do
Jan. 1, 1936
a J.!
June 1, 1928
AD.
do
do
A J. N. Y., Maitl'd, Coppell. July 1, 1940
Deo. 1, 1939
do
do
A D.
& J. N. Y., Morton Trust Co. July 1, 1939
Apr. 1, 1949
do
do
A. & O.
Jan. 1, 1917
do
do
A. A O.
Moh. 1, 1931
do
do
MAS.
do
July 1, 1928
do
J. A J.
M'j'06-M'y'lS
M. & N.
N. Y., Blair & Co.
J.
J.
j.
J.
J.
J.
J.
<fe
J. Office, 195 B'way, N. Y.
J. N. Y., Fourth Nat. Bank,
August.
J.
J.
M.
A.
A.
J.
& J.
A J.
A N
A O.
& O.
&
J.
Aug. 1,'05,5%
N. Y.. 25 Broad St
N.Y., Central Trust Co. Jan. 1, 193*
N. 1., Colonial Trust Co. July 1, 1931
Nov. 1, 1917
N. Y., Central Trust.
Nov. 14, 1918
Nov. 15.1918
N. Y., Farm. L. A Tr. Co. July 5, 'OS, 2<fc
I
N. Y. and London.
<
wh ioh $26
Delaware Maryland & Virginia RR.—Owns from Harrirrton
CoRehoboth. Del., 44 miles; Georgetown to Franklin City, Va., 54ruile8
total. 98 miles. Controlled by Phlla. Bait. & Wash., which owns $326,-
$2 233 .000 not guaranteed
Ac Hudson— (Concluded.)
the basis of $500 stoo» for $1,000 of bonds. The bonds were offered
at par pro rata to D &
stockholders, payable 50po July 25. IH05,
40 p.o. Jan 10 an> 40 pc. Feb 20,1906. The refunding will effect a
material saving of interest
V.80,p 1174,1362, 2343.
In Frb., 1905, the Del. A Hudson and N. Y. Cent. <s H. RR. purchased
the entire stook of the Schenectady Ry. V. 80, p. 652.
Earnings.— Earnings of leased lines in New York State for 6 months
6 months
,— Ibany <fc Su»o/»eft.—
,— N. F. & Canada.— aliens <t Sural <*ja.end. June 30.
19"6.
1904.
1905.
190t.
DU6
I9t4.
Jan. 1, 1939
Jan. 1, 193*
y Of
;
200 of the $526,758 stock (par $25 >, and so by Pennsylvania RR, See
V. 50, p. 498. Loans and bills payable. Deo. 31, 1904, $184,800; Other
floating debt, $524,661. In year ending Deo. 31, 1904, gross, $286,82?
net, $40,489; Interest, taxes, etc., $49,506; balance, deficit for yevt.
$9,017 but this does not include interest on the floating debt.
Bridge Co.—Owns a bridge over the
Delaware River RR.
Delaware River near Philadelphia and about 10 miles of oonneotitng
railroad Capital stook ($1,300,000) is all owned by the Pennsylvania
RR. which guarantees bonds, prinoipal and interest, by endors't, Dividends: Deo 1900 to 1905. InoL, 4 p. o. yearly (2 J. & D.). Sinking fund
Guaranty V 63, p. 1062, 1159.
is 1 p c. but bonds cannot be called.
—
&
,
Delaware Susquehanna
Sc
Schuylkill
R R.—Owns main line
from Drlfton, Pa., to Go wen, Pa., 31 miles branches, 17 miles; total
owned, 48 miles. Trackage- Lehigh Valley RR., etc., 133 miles.
In October, 1905, the Lehigh Valley RR acquired the road. V.
Dividends Oot ,18. 1892, 40 p. o. in cash; Nov.
81, p. 1174
25, 1893, 20 p. 0. in cash and 50 p. 0. in stock; Sept. 26. 1894, 2628 p. 0.
in cash; 1899 to 1901, 4 yearly; 1902, 5; 1903, 6; 1904, 9 p. 0.; 1905,
May, 3 p. o
Earnings.— In year 1904-05 gross, $1,350,65% net, $143,206; dividends (6 p. o.), $90,000; bal., sur $53,206 - (V. 81, p. 1174.
Denloon Bonham 6c New Orleans Rv.—Denison to Bonham
Tex 29 miles Operated since completion Deo. 1, 1901, by the Mo.
Kansas <te Texas under a ten-year contract. In Sept., 1903, parties interested in the road acquired the Velasco Brazos & Northern Ry.,
Anchor to Velasoo. Tex.. 20 miles. V. 77, p. 823. Stook, $480,000. In
Feb., 1903, permission was given to issue $325,000 30 year gold bonds,
on road between Bonham Jot. and Bonham; V. 76, p. 381. President,
Ed. D. Stager; Sec. John W. Russell.— (V. 76, p. 381; V. 77, p. 823.)
Denver &i Inter* Mountain Ry.— Embraces 27 miles of Crack
of which 22 steam, Denver to Ralston, and 5. trolley, Denver to Barnum Extensions are proposed. Successor to Denver Lakewood &
Golden RR sold in foreclosure on May 19, 1904. V. 78, p 2334.
;
,
(7)2,450,000 (7)2,450,000
,
Balance, surplus
$1,696 361 $1,464,794
$47,876
r The earnings of coal department In 1904 were $19,583,989; expenses,
$17,203,428; net. $2,380,561. In 1903, $20,548,417; net, $3,726,259.
Officers- President, David Willcox; Treasurer. C. A. Walker:
Secretary, F. M. Olyphant, 21 CortlandtSt., New York.
Managers— Robert M. Olyphant, Alexander B. Orr. Chauncey M. Depew
James W. Alexander. Jonn Jacob Astor. wiillamS. Opdyke Frederic Cromwell,
David Willcox. K Suvdam Grant, George I. Wilber. C. A Heabody, E H.
Harrlman, James H. Hyde. -( V.SO, p. I3ii, 1911, 8348; V. 81. p. 61
.
Delaware Lark»wanna& Western
RR.— (See Map.)- Oper
ates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y.
410 miles, with branohesto anthracite region, etc., 54 7 miles, viz.:
Lines owned
Miles.
Lines leased H see each 00. Milt*.
N.J. State line to N.Y. line
114 HUtlca Chenango A Susq
97
Branches to N'rthumberl'nd,&o. 80 TTVaUey RR. of N. Y
11
Lines leased
ITWarren
19
Morris A Essex and branches. 157 itSussex, <fec
1f
40
1TN.Y. Lackawanna A Western. 214 Bangor & Portland Ry., Ac
ifCayuga A Susquehanna
34
(V. 72, p. 435)
75
—
—
—
ffOswegoA Syracuse
35
^Syracuse Blng. A N.Y
Total operated Jan., 1905. 957
81
History, Etc.— Original company chartered in 1832 present title
assumed in 1853. No sub-companies (coal and mining) are controlled,
the railroad owning Its anthracite mines. In Apr., 1903 the entire
stock of the N. Y A Hoboken Ferry Co. was purchased. V. 78, p. 815.
In Oot., 1904, incorpora ed Lackawanna Tunnel RR. V. 79, p. 2085
New Hoboken termiual was proposed in August, 1905. V. 81, p. 668.
;
Dividends—
1881
•82-'84
6H
8 yearly
'85
7i*
*'86to Jan.,'05
Since.
7 yearly
2*a quar.
p. c. extra was also paid. V. 79, p. 2642.
Earnings. - Earnings of New York leased lines only:
6 wios.end. June 30.
Gross.
Net.
Jni.,t.-ixes,etc BaK.sur.
1905
$5,373,754 $2,891,471 $1,235,959 $1,655,512
1904
4,826,603
2,389,051
1,22 ,390 1,161.661
Annual Report.—Annual meeting is held an Tuesday preceding last
Friday In February The report for 1904 was in V. 8<», p. 86"; see
also edit., p 844. The following includes all lines except Syr. Bingh.
&_N. Y., Sussex RR., Bangor & Portland ana Lack A Montrose RR.
rear end. Dec. 31.
1904.
1903.
1902
Passenger earnings
$5,215,919
$5,083,142
$4,592,036
Freight earnings
21,568,693 22,181,752
15,159,344
Miscellaneous
1.9ift.069
1,917,379
1,647.384
$28,701,991 $29.180 963 $21,398,764
Net after taxes
$12,049,217 $13,137,560
$6,921,342
Coal department (net)
*3,445,477
'3,086.194
*79*,477
Other miscellaneous income..
696,725
464,742
401,519
Total net Income
$16,191,419 $16,638,496
$8,115,338
Interest and rentals
$5,324,596
$5,285,658
$5,250,213
Rentals, advances, etc
646,233
948.434
If 3,627
Renewals and betterments
3,44 6,7 19
4,319,166
3,058,149
Dividends (7 p o
1,834,000
1,834,000
1,834,000
Extra div. (10 p. 0.)
2,620.000
Bala nce after dividends.. .sur.$2,319,871sr.$4,251 238 df.$2,180,652
Ea ,
^«= , ^? Pir,sof the ooal department in 1904. $38,593,99«; expenses,
»S5,148.52X; net, $3,445,477; in 1903, $36,736,325; expenses, $33,700,131; net, $3,036,194: 1902. $19,445,950; net, $7 '2,477.
Officers.— President, W. H. Truesdale; Chairman of Board, Samuel
Sloan; Sec and Treas., Fred F Chambers, 26 Exchange Place. N. Y.
BOARD.— Shi, uel Sloan (Chairman), Fredk. W. VanderbUt, Win. W. Astor,
Eugene Htagins, Henry -V. C. Tavlor, J. Rogers Maxwell, Geo. F. Baker, Wm.
Rockefeller, UamiHon McK. Twombly, James Stilluian, M. Taylor Pyne, Harris
C. Fahnesiock Frank Work. John D. Kockefeller Jr.
-( V. 80, p. 868, 996, 1234; V. 81, p. €68, 777, 974.
Since 1880, p. 0.
*Da Deo., 1904, 10
,
Stock, $514,300. No bonds Issued Oct. 1, 1904. For 1 902 03 (old 00.),
gross. $60,170: net, $15 592. President, Samuel Newhouse; Treas.,
F W. Loveland; Sec. William Morrlson.-(V.78. p.820, 1549, 2334.)
Go If
Projected from Guthrie, O. T., northDenver Enid
west to the Kansas State line at Kiowa, Kan., 130 in., of which
Guthrie to Nashville, 78 miles, In operation in June. 1905, and
balnnce und-r construction; extension also proposed from Guthrie to
Oklahoma City. 31 miles. Stock authorized, $15,000,000; outstandi
Bonds are limited to $20,000
g, $1,120,000; par of shares, $100
per mile. V. 77, p. 769. President, Breckinridge Jones; Secretary
and Treasurer, Henry Semple Ames, both of St. Louis, V. 79, p. 1641.
Denver iNor-li we-tern A Pacific Ry.— Building from Denver
to Salt Lake, about 500 miles, along a line about 100 miles south of
the Union Pacific and 1 25 miles north of the Denver
Rio Grande.
On Sept 5, i9«'5. 10 miles to Sulphur Springs,
1., were opened.
Te mmal line from Utah Junotlon into Denver. 3 miles, is expected
to be completed Nov 15.190% and extension from nulphur springs
to Krt-mmling. 18 miles, by April 1, 19»>6
See V. 75, p. 289; V. 78,
p. 1108; \ 80. p. 1362. Northwe t Terminal RR. proposed, V. 79.
u 05, a sy idicate headed bv William L. Bull of
In June, l
p 17<>4
New Yo'k agreed co finance the road V, * I. p. 155.
Incorporated in luly, 1902. with $20,000,000 authorized stocrf,
of which $1 0.000,000 pref. 5 p.o. non-oum all to he issued for oonsti ction together with $20,000,000 of the $22,500,000 4 p. c. bonds. V. '» J,
President, David H. Moffat; Vice-Pres., W. G.
p. 1 147: V 79, p. 102.
Evans, Treas.. Thomas Keely; Sec, F. B. Gibson.— (V. 81, p. 155.)
Denver Rio Grande
(See Map)— Road—The lines of tils
company, together with those of the Rio Grande Western Ry., whose
stook is substantially all owned, are well shown on adjoining map.
Miles.
Miles.
Road owned and operated... 2,408
Of the preceding:
Rio Gr. Jo. RR., etc. (leased)
62 Standard gauge
1,563
&
RR.—
—
O
1
&
,
A
RR,-
.
Narrow gauge only
907
267
2d track and 3d rail.
Rio Grande & Southwestern RR. Lumhertou Station, Col., 33
miles southeasterly, will be operated on hasls of 25 per cent of gross
earnings. V. 79, p. 907
Brand to Farmington, N. M., 47 miles,
was completed Id September, 1905
History.— Reorganization of a railway company of same name 1 orfcolosed July 12, 1886. The Rio Grande Junction is leased jointly by
Mils company and the Colorado Midland, and its bonds guaranteed.
The Colorado Midland is controlled by parties interested severally in
the D. A R G. and Colorado A Southern. V 70, p. 739.
The Missouri Pacific early In 1901 aoquired $14,800,000 common and
$7,300,000 preferred stock, this, together with the Rockefeller interests, it is understood, constituting a considerable majority of the enTotal June 30. 1905
tire stock
V. 72,
& R. o.
p.
2,470
338, 580, 1238; V. 73,
p.
506.
and Rio Gr. West, own a majority of the stock and have
given a traffic guaranty to the Western Pacific Ry. (which see), building from Salt Lake City to San Francisco. V 81, p. 8i5
Drvs. since ) '92 '93 '94 '95 *96 '97 '98 '99 *00 '01 '02 '03 '04 1905
D.
'91 .npf.,p.o.
(
20
2*2
213
4
455
5
5
5
Stock.— During 1901-2 pref. stock was Increased from $23,650,000 to
$44,400,000, to acquire the Rio Grande Western stock. V. 72, p. 775.
52
EAILWAY STOCKS AND BONDS.
[VOL.LXXXI.
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
RAILROADS.
Miles
Date
Size, or
Par
of
For explanation of column headings, &c, see notes
Road. Bonds Value
on tli Ht page of tables.
of
Detroit
"1st
<6 Mackinac— Fret, stock, $1,000,000 antk.
lien," $1,500,000 gold.
Mo
All
All
"Mort. bonds" $1,750,000 gold.red.atpar.Mo.o*
Det. Tot d Ir— Det. So.-O. So. >tv. M.. red.105.Oc
G«-n. lien
div. 1st mort $1,253,000, gold. N c*
o*
Consol. mortgage, $i2 500, 00, gold
Notes for A Arb.,$ '.000,000 au .red 102»?.Uf-m
Equipment, trust notes, due $<{• 8 000 June, y'ly
Detroit Southern car trusts uDretlred
Det.&Toi. »h.L. -IstM $3,000,000,g.gu.p <fclTIe.c-&r
263
i
&
,
All
K
Text
48
Dover <6 Rockaway—8took,6 p. o., rental 999 years.
1st mortgage.
Dub. & S. City— 111. Cen., W. lines, 1st M.,g.Cs.o*<fcr
Iowa Falls & Sioux City 1st M.. la. F. to S. City
Cher <fe Dak.,C. R. &C. and OmahaDtv ,eto.,lst M,
o&r
Dululh dt Iron Range— 1st mortgage
2d mort., currency, red. at 105, $5,000,000.Ce.c*
Dululh Missabe <e North'n— let mort., gold, 8. f
Ce
1st consol. M., $3,500,000, g., oallatl05
€e.c
2d mort. ($5,000,000) gold, red. at 105
Duluth So. Sh.<6 Atlantic— Marq.H.&On.gen.M.Ce.o
Duluth South Shore & Atlan., 1st M., gold.Ce.cfcr
First consol. mort., gold, interest guar. Ce.c**r
"5
218
184
328
184
184
65
130
130
156
416
572
.
Mp
Inc. certs. ($3,000,000 held by C. Pao. July, '02)
Oar trusts July 1, 1905
Dul Va. <f Rainy Lake— let M., $2,000,000, g. .0*
.
30
Dur.<6 So. Oa-.—\ st M.,$300,000,g.,red.l05. in e It a
Dutchess County RR.— 1st M., g., gu. (text). Me. .c*
East Mahanoy RR.— Stock
East Pennsylvania— Stock 6 p.o gu.999yrs.Phil.&R.
1st M., gold, guar. p.&i. by P. & R. RR. (end.)...o*
East Venn. Ta. <& Ga.—See Southern Rt.
East Tenn.<&W.N Oar.- 1st M. $250,000. tin P.cur.c
12
1895
1895
1901
1905
1905
1905
1905
1903
1,000
1,000
1,000
1,000
50
50
"36
36
1888
1,000
31
1881
1.000
—
•
&
RR.—Owns Des Moines to Ft. Dodge
la., 88 m., and Tara to Ruthven, 55 miles; trackage, Illinois Central. Tara
to Fort Dodge Junction, 6 m., Included above. On Mar 1 1 904, Minneapolis & St. Louis acquired $2,530,000 of the $4,283,100 common
stock, and guarantees the $^,072,000 new first mortgage 4 per cent
gold bonds, which were issued to retire all the outstanding bonds
maturing Jan. 1, 1905; the Minn.
St. L. leases the road for 30 years
from Jan. 1, 1905, all inoome over charges, Improvements, etc., to be
paid to It ssee. V. 79, p. 268, 1704. 2085. Form of guaranty, V. 79, p.
26 -*6. Preferred stock is entitled to 7 p. c, non- cumulative, then
common to 7 p. o., after which both share equally.
Dividends.— > 1893 '94
'95
'96 to '93
1899 to 1903 '04 '05
on pref. (p. c.) 5
2
4
4
6 yearly
7 yearly
5
5
Pres Edwin Hawley; Vlce-Pres., L. F. Day; Treas., F. H. Davis;
Sec, W. S. Crand<-ll. Rental for year ending Dec. 31, 1904, $149,493;
1901, $165,7;3 -(V. 79, p. 268, 786, 1704, 2587, 2696; V. 80, p. U74 )
Dei Moines Iowa Falls A- Northern Ry. -Iowa Falls, la., to
Des Moines, 75 miles; oompleted Aug., 1903. Extension north to
Mason City, 45 miles, is pioposed, of which 5 miles to be built in 1905.
Stock authorized, $l,2t0,0c 0; outstanding, anout $900,000 In April,
1905; par or shares $ loo each. Bonds are subject to call at 105 on
and after July 1, 1906; they are limited to$14,000 per mile, with $50,000 additional for Des Moines terminals. Pres't, E. S. Ellsworth, Iowa
,
&
,
Falls; Sec, J
H. Funk; Treas., W. H. Woods.— (V. 76,
Des Moines Union Ry.—Terminal road
p. 158.)
Des Moines; owns 4
miles main track and branches, 14 miles 2d and side traoks, bridge
across Des Moines River and 25 aores of land in Des Moines. See
statement to N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash.
in
RR., Chicago Great Western, Chic. Mil. & St. P. Ry Chicago Burlington & Quincy RR. and Des Moines Iowa Falls & Northern Ry. V. 75,
p. 342. Rental equal to expenses and fixed oharges paid monthly by
lessees on wheelage basis. Stock authorized, $2,000,000; outstanding,
$400,000; par $100. Bills payable June 30, 1904, $84,552. Year 190304, gross, $259,715; net, $54,212; charges, $54,212.— (V. 75, p. 342.)
Detroit Grand Haven
Milwaukee Ry.—Owns from Detroit to Grand Haven, Mich., 189 miles. A reorganization of September, 1878. The principal and Interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stock, $1,500,000; par, $50. Real estate
bonds or mortgages, $226,000. On June 30, 1904, sundry outstanding
accounts, $353,405. Grand Trunk of Canada own the $1,500,000
•took. As to offer to bondholders in 1900, see V. 71, p. 84.
,
&
1,050,000
1,250.000
4,447.000
4.253.000
2,675.000
5,500,000
2,080,0 tO
100
1881
1.000
1895
1,000
1869 500 &o.
88-00
1887 l.OOO&c
1896
1,000
1892
1893
1,000
1898
1,000
1885
1,000
1887
1,000
1890
1,000
1892
1902
1905
1890
Bonds— PrinciINTEREST OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stocks— Last
Rate Per
Whom.
Payable
Cent.
Dividend.
& J. N. Y., H. K. McHarg. July 3, '05, 2if
& D. N.Y., J. P. Morgan* Co. June 1, 1995
do
D.
do
4 g.
June 1, 1995
4 g. M. & 8. NY., Colonial Tr. Co. Men. 1, 1941
4 g. J. & D. Tnr. from Deo. 1, 1905 Deo. 1, 1955
4^g. F. * A Int. from Aug. 1, 1905 Aug. 1, 1980
& D
5
Deo. 1, 1908
To J'me, 1915
J. & D
41b
New York.
4*2 to 6
To Oct. 1,1912
J. & J. N. Y., Meroant. Tr. Co. Jan. 1, 1953
143 Liberty St. Oot., 1905. 3%
f* A. & O. N. Y.,
do
do
Jan. 1, 1906
J. & J.
6
F. & A. N. Y., Office, 135 B' way. Aug. 1, 1951
do
Oot. 1, 1917
do
J* A. & O.
Illinois O entral b onds or collateral there for.
A. & O. N. Y., Of., Empire Bldg. Oct. 1, 1937
5
Jan. 1, 1916
do
do
6
J. & J.
Jan. 1, 1922
J. & J.
Central Trust Co. Jan. 1, 1923
It J. & J. N. Y.,do
do
Jan. 1, 1918
& J.
g
i
& O. New York, 44 Wall St. Apr. 1, 1925
do
do
Jan. 1, 1937
& J.
5g.
Aug. 1, 1990
F. & A. New York or London.
Dec. 31, 1912
New York.
$950 000 5
1,000
1,000
l.OOO
1.000
1,000
1,000
Bonds.— Consols of 1886 for $6,900,000 originally reserved for extension to Ogden were available for capital requirements, of which pars
Issued.
V. 78. p 507. See abstract of mortgage In V. 47, p. 228.
The improvement mortgage abstract was In Chronicle, V. 47, p. 229.
Abstract of R. G. W. ist mort. was in V 49, p. 237, and statement
to N. Y. Stock Exohange, V. 50. n. 7:-!; also V. 69, p. 284. Utah Fuel 1st
5s of JP31. see application to list, V. 78. p. 1171. 1178, 1548, 2015.
The Rio G. W. first consol. 4s of 1899 are secured by a first mortgage, eitherdirectly or by all their securities, on 202 miles of branch
lines, and further by a second lien on 438 miles of main line and other
road, and on all new mileage to be constructed and rolling stock purchased, including 50 miles of branches to Heber and coal mines built In
'99; $15,200,000 are reserved to retire the 1st 4s, $4 036,000 were is
sued at $ '0,000 p<-r mile for branch lines, or securities representin<
the came, $*00,000 to retire first mortgage bonds and $8,500,' 00 for
equipment and improvements. They are also secured by » first Hen
on the entire $10,000,000 stock of the Utah Fuel Co. Additional consols may also be issued at $20,000 per mile for future branches and
extensions or for underlying liens of acquired roads. 8ee application
to list in full. V. 72, p. 537. V. 72, p. 775, 1189. List of securities
deposited as collateral June 30, 1905, V. 81, p. 947Latest Earnings.—From July 1 to Aug. 31, 2 months:
2 mos.
Oross.
Net.
Oth. inc.
Charges.
Bal., sur.
1905
$6*1.236
$656,650
$3,195,688 $1,269,212 $6<-,674
1904
2,746.615
1,119,916
51,950
689,822
482.044
Annual Report.— Full report for 1903-04 In V. 81, p. 838, 849, Including the Rio Grande Western See p. 805.
Tear ending June 30—
1905
1904
1903.
1902.
Average miles oper'ted
2,420
2,398
2,378
2,347
$
$
$
$
Gross earnings
17,031,507 16,446,434 17,304,559 17,036,828
Net earnings
6,862,547
6,387,991 6,674.709 6,705.286
Other inoome
192.13 3
214,345
209.717
165,762
Total net Income
6,602.336 6,884,426 6,871,04s
7,054,680
Interest on bonds
3,182.573
3,170,802 3,083,404 2,898,093
Taxes and lnsuranoe..
761,038
671,470
662,041
580.016
Betterments, etc
28^,915
500,000
436,797
Miscellaneous
298,«17
296,420
305,651
310,314
Dividend on pf. stk.5% 2,250 000
2,220,000 2,220,000 2,220,000
Balance, surplus
278,537
234,413
185,764
362,625
Officers—Chairman of Board, George J. Gould; President.E. T. Jef
fery; Vice-Presidents, Chas. H. Schlaoks and A. C. Bird; Treas., J. W.
Gilluly; 8eo. and Compt.. Stephen Little. Office, 195 Broadway, N. Y.
Directors. -Georee J. Gould, Mortimer L Scroti, Winslow S. Pierce. K. T.
Jeffery, W. H Tavlor. A. H Calef. (aud Arthur Coppell, New Tork; Charles H.
Sori lacks and J el F. Vade, Uenver, Col.
—(V. 80, p. 1111, 2219 2399; V. 81, p. 31, 838, 845.)
Denver
South western Ry.— See Cripple Creek Central Ry.
Deg HoiucM A Fort Dodge
Outstanding
$100
C
Amount
53
In 1901 J.
4g.
J.
J.
<fe
.1.
320,000
2,116,000
140,000
35,000
5,425,000
2,800,000
8,930,000
6,732,000
See text.
1,174.000
1,490,000
3,943,000
1,077,000
3,816,000
15,107,000
3,000,000
24I.3L3
1905 to 1906
Moh. 1, 1922
Minneapolis, Minn.
See text.
5 g M. <S> 8.
3ro,000
Baltimore, Md.
July 1, 1935
5g. J. & J.
350,000 4>a (6) g. J. & D. Fid.I.T.&8.D.Co..Phil. June 1, 1940
D.15 Phila.,Pa., Read. Term. J'nelS.'O^is
497,750
5
J.&
6
J. & J.( Phil., Phil. & Read. Ry. July 16/05,3%
1,730,450
do
Mch. 1, 1958
do
495,000
4g. M. & 8.
-
M.
250,000
<!fe
N. Phila. Gu. T.
<fe
S.
D.
Nov.
f!o.
1,
1905
Earnings.— 2 mos.,
) 1905
Gross, $292,963; net, $102,196
Gross, 289,556; net,
July 1 to Aug 31. $1904
96.843
For year ending Dec. 31, 1904, gross. $1,356,151; net, $336,865
oharges, $360,261 bal., def., $23,395. For 1903, gross, $1,252,204.
Detroit Grand Rapids & Western.— See Pere Marquette RR.
;
RR.—
Owns Ypsilantl, Ylioh.,
Detroit Hillsdale A: Southwestern
to Bankers, Mich., 65 m. Leased in perpetuity July 1, 1881, to the Lake
$54,000 per year 4% on stook.
Shore & Mioh. Southern Co.; rental
—
Detroit Mackinac & Marquette RR.— See Miscellaneous Cos.
Detroit Sc Mackinac Ry.—Owns fromBayClty. Mich., to Cheboygan, 195 miles; Rose City Branch, 32 m. Prescott Branch, 12 m.;
Lincoln Branoh, 14 miles; Au Gres Branch, 8m.; various logging
branohes, (largely temporary) 69 miles; total, 330 miles. Extension
north from Tower to Cheboysran, 22 miles, was oompleted In July,
1904, and to be continued to Mackinaw 2 i miles further. In 1904-05
carried 506,639 tons, of which forest nroduots furnished 55-62 per ot.
In 1902, Henry K, McHarg and associates acquired control.
Bonds.—"Mortgage bonds" for $500,000 were reserved for betterments, etc., at not over $50,000 per year. V. 74. p. 629. In addition
to the amounts shown above as outstanding, $450,000 "first lien" and
$150,000 '"mortgage" bonds were on June 30, 1905, held in the treasury.
Stock.—The capital stock is $3,000,000, of whioh $2,000,000 oommon and $1,000,000 5 p, c. non-oum. preferred. See V. 74, p. 629.
Div. on pref., 213 p. c, July 1, 1903; since to July, 1905, 5 p. 0. yearly.
Latest Earnings.—
.Gross, $177,608; net, $44,750
5 1905
2 mos., July 1 to Aug. 31. \ 1904
Gross, 170,780; net, 56,732
Earnings.— Report for year ending June 30, 1505, was In Chron.
Oot. 28, showing gross, $990,555; net, $355,484; int., taxes, etc., $167,
494; pref. div. (5 p.c), $47,500; bal., sur. $140,490.— (V. 81, p. 1242.)
&
(See Map. )— Operates from
Detroit Tol«-do
Ironton
Detroit, Mioh.,to Ironton, via Lima, 384 miles, including 46 miles of
trackage; branohes, Kingman to SedUia, O., 31 m., Jackson to Cornelia, 20 m, and Llsman Jet to Dean, O., 3 m.; total, 438 miles; coal
mine traoks, yard traoks and sidings, 121 miles. Outlet f>>r bituminous coal of Southern Ohio. In June, 1905, control of the Ann
Arbor
was acquired (see Bonos below) and made 99-year iraokage
agreement with Cm. H. & Day. for entrance into Toledo V.81, p. 264.
Organization. Incorporated May, 1905. a« sucoessor, per plan. V.
80, p. 650 (N Y Trust Co , depository), of Detroit South. RR., foreclosed, subject to Ohio South. Div. mortgage. V. 80, p. 2344, 1856. Plan
provided *2,500 000 for expenses of receivtrship, improvements,
Ry.—
RR
equipment, etc; V. hO,
p.
1478.
Stock.— Com stock representing control (par $1 00) .. $12,500,000
1st preferred 4 p o non-cum., with preference also as to
assets and convertible at option of holders into 2d pref.
7,500,000
5,000,000
2d preferred 5 p. o. non cumulative (par $100)
Bonds.— Gen. lien and divis. 1st 4* are secured by mort. on entire
.
,
system, including future property, except Toledo terminal.
The consol. ihie cover the whole system and are also a first lien
upon the stook of the Toledo Southern RR. and all additional mileage
constructed or acq ired by means of bonds other than the $2,675,000
now to be issued. The $22,500,000 consols were Issuable as follows:
Reserved to retire Ohio Southern Division bonds
$4,500,000
general lien and divisional 1st M. 4s
00
do
4,253,000
oar trust notes
320,000
do
do
Issued for assessment and to syndioate for oa*h
2,675,000
Reserv. for corp purposes at uotexoeed'g $750,000 y'rly.. 2,500,000
Reset ved especially for extensions, terminals at Toledo or
elsewhere, Ohio River bridge or bridges, improvem'ts, etc 8,252,000
The 5 per cent notes of 1905 ($5,500,000 present issue) are secured
by *3,00i,000 Ann Arbor preferred and $2,1«0,000 common stookand
$-.000,000 Det T. & 1. consols. A further $1 500 000 may be Issued
to acquire remaining Ann Arbor stook. V 80, p 2457. 2«20; V. 81, p.
155. Car trust notes additional to ihose in table above, $66,112
Earnings —From July 1, 1904, to May 28, 1905, gross, $1,335,309,
against $1,392,947.
Report.— Of old company for year ending June 30, 1904, in V. 79,
p. 2202, showed on 438 miles, gross. $1,488,937; net, $199,849. President, Frank A. Durban. Zanesville, O.; Sec. and Treas., G. Caspar
Niles.— tV. 80. p. 2457, 2620; V 81, p. 155, 264, 777, 1100.)
Extends from Toledo to
Detroit
Toledo Shore Iilne
(suburbs of) Detroit, 47*6 miles; 2d track, 20 m; sidings, 3 m.; traokase over Toledo Ry <fe Terminal Co., etc., 31 m.; total track, 101*8
miles; laid with 80 lb. steel rail. See V. 74, p. 2598.
The Grand Trunk Western Ry. and the Tclodo St. Louis & Western RB
own the entire stock and Jointly guarantee the bonds, prlnoipal an«*
Interest, by endorsement. See form of guaranty, V. 76, p. 653. The
unissued bonds are reserved for extension* and improvements.—
President, T. P. Shonts.— (V. 77, p 88, 250, 628; V, 78, p. 2442. 2598.*
Dominion Atlantic Ry.— (V. 79, p. 2747; V. 80. p. 711, 996.)
(See Map of Illinois Central)—
Dubuque
Sioux City
Owns Dubuque, Iowa, to Iowa Falls. 143 miles; Iowa Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 tr'les; Onawa, Iowa,
to Sioux Fal's, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles; Tara Station, near Fort
Dodge, la., to Counoil Bluffs, 130 miles; total owned, 730 miles.
RR.—
&
&
RR.—
51
RAILWAY STOCKS AND BONDS.
L
VOL. LXXXi.
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.|
^
GoshenK
^
Ang °' a
0a
^
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55
inesville
& t^^v^gajidujikj^
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goNvliife
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iffir
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MAP OF THE
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Detroit, Toledo
Ironton
AND THE
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.
RAILWAY STOCKS AND BONDS
56
[Vol. lxxxi.
Bonax— Princi-
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When
Miles Date Size, or
Amount
When
Par
For explanation of column headings, &c, see notee
of
of
Outstanding Rate Per Payable Where Payable, and by
Cent.
Whom.
on first pa.ge of tables.
Road. Bonds Value.
EastTenn.dk W.N Oar— (Ooncl.)— New M.,$50r>,000
Eastern By, of Minnesota— Sex, Great Northern.
El Paso Vn. Pass.Depot- 1st M.,g.,*240,O00 s.f.Ta
181
Elgin Joliet <& Eastern— 1st M. ($10,000,000) g.Ce.o*
Elmira Cortland <& Northern— Bee Lehioh Valley RR.
Elmira (6 Lake Ont.— SodusBay&So.— l8tM.,g.Une
Elmira <£ Williamsport—SVlz., com., 5 p. o. ren'l, NC.
Preferred stock, 7 p. c. rental, 999 yrs.,No. Cent.
1st mortgage
c*
Income bonds, 99 years to ran
Erie <t Pitts.—Stock, 7 p. c. rental,999 yrs..PennCo.
General mort. (now 1st) $4,500,000, g., guar.TJn
Brie Railroad—Com. stock, $133,000,000 autb...
2d pref. stock, 4 p. c. non-oum
100
75*2
75*2
75*2
85
85
c,
o*
4th mortgage, (extended In 1880) gold
o*
5th mortgage (extended In 1888), gold
Br. Hornellsv. to Attlca.g. c*
Erie R'y.lst M.,Buff.
1st consol. mort., $30,000,000, gold, $ & *. F.o*
N. Y. L. E. & West, funded coupon bonds, gold.o*
Buft. N. Y. & Erie, 1st M. (Buffalo to Corning. .o*
Buff. & Southw., 1st Af., Buff, to Jamestown, g.o*
Newburg & N. Y. 1st M., g extended in 1889. c*
,
,
B— Bonds
475
475
60
526
526
140
67
12
on Properties Controlled bt Owne
*BergenCo. RR.. lstM.,Ruth. Jc. to Ridgew. N.J.
*Ch.&Erie 1st M. ,g. (Marion.O. ,to Ham'd.IndCe.c"
Chicago & Atlantic Terminal, 1st mort., g.Ce.
£ flGosb. & Deck't'n, 1st & 2d M's., ($60,000 are 2d)
flMont. & Erie, 1st & 2d morts. ($40,500 are 2ds)
See text.
1905
1891
$1,000
1,000
1884
1,000
1860
1863
1890
500
50
1.000
100
100
100
10
250
...
1,000
1,000
1,000
1,000
500 &c
200 Ac.
1,000
500 &0.
1,000
50
&o.
OF ENTI RE
1,000
1,000
1,000
'68'69
'66-'67
.
.
(*)
4
5
g.
g.
4iflg.
5
g.
4g4g.
7g.
7g.
7
6g.
5
g.
OR a M AJORITT
200,000
12,000,000
300,000
246,500
170,500
6
5
g.
5g.
Duluth
rfllssabe 6c Northern Ry.— Owns from Duluth to Mountain Iron, Minn., 77 miles; branches and spurs, 76 miles: traokage to
Depot, Duluth, 2 miles; total, 155 miles. Contract for branch
Union
from Altera north westerly to Buckeye Mine. 54 miles, was let In June,
1905. Entire $2,512,500 stook and $2,047,000 of bonds owned by Lake
Super. Consol. Iron Mines, and so by United States Steel Corporation.
V. 72, p. 1038. In 1903-4 paid dividend of 150 p o. from aoonmulated
surplus. V. 79, p 2035. For 6 mos ending June 30, 1905, gross, $2,592,524. against $671,517 in 1904; net. $1,?>75,919, against $74,691.
For year ending June 30, 1904, gross, $3,701,416; but. over charges,
$1,142,431.-(V. 79, p 2085.)
D ii ii i It Sonth Shore 6c Atlantic Ry.—Operates Duluth to Sault
"Soo" Junotion to St. Ignaoe, 43 m.; other, 128
Bte. Marie, 415 miles
in.; total, 586 miles, including 10 miles of traokage.
Capital Stock.—Common stook is $12,000,000 preferred, $10,000,000 par both $100. Preferred stook is 6 per cent, non-oum. Canadian
Paciflo Julyl, 1905, owned $6,100,000 com. and $5,100,000 pref. stook,
$3,000,000 incomes and $15,107,000 consols.
Bonds, &a— Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has Interest at 4 per oent.
guaranteed by Canadian Pacific, which Julyl, 1905. held the entire
outstanding Issue [$15,107,000] In its treasury as security for Its 4 p. o.
debenture stook oonsols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
Latest Earn's- 2 mos., ) 1905
Gross, $554.71 9; net. $206,776
July 1 to Aug. 31
...Gross, 474,137; net, 178,624
S 1904
Sur. overcharge-, $<4,966 In 1905, agst. $2,119 in lv-03-4.
Report.— (Report for year ending June 30, 1905, in V., 81 p. 1042.)
Tear.
Gross
Net over taxes. Oth. inc.
Interest
Balance.
1904-5.. $2,706,935
$637,496 $15,774
$859,823 def. $200,553
1903-4.. 2.524,612
564,764
11,484
859,700 oef. 283,452
Of the tonnage in 190 i-05, ores furnished 49 p.o.. lumber, etc., 26 p.o.
Pres., W. F. Fitch, Marquette, Mich. -(V. 81, p. 613. 10 42)
Duluth Virginia 6c Rainy Lake Ry.— Projected from Virginia,
Minn., northerly to Koochiching, 97 miles, with branches, of which 25
miles from Virginia to Ashawa was in operation In April, 1904.
In A> r., 90 the Virginia & Ra'ny Lake Ry. was incorporated with
$2,000,000 authorized stock to take over, it was understood, co trol
of the comi any and allied corporations. V. 81, p 558.613. Stock authorized, $2.000.O(t0. In March, 1902, filed a mortgage to the Mlnne
sota Loan & Trust Co. of Minneapolis, as trustee, to secure $2,000,(00
bonds, of which $1,500,000 are Issuable at $15,000 per mile of single
track and remainder for rolling stock, etc President. Wirt H. Cook;
Secretary, David O. Anderson— (V. 74, p. 679, 936; V. 81 p. 558, 613.)
6c South Carolina RR.— Under construction from
Durham. N C. south 30 miles to Minturn on the Seaboard Air Line
Stock. $300,000; p r of shares. $100. Bonds, sue table above. V 8l'
p. 840. President, Ernest Williams, Lynchburg, Va.-V. 81, p. 840.
Dutches* Comity
Poughkeepsie to Hopewell Jot., N Y
12 miles. Leased to Central New England Rv for Interest on bonds
taxes and rental of $100 per annum. Stock, $300,000; par. *100
(V*
y
"
*
79, p, 2b41; V. 81, p. 841.)
I
;
;
;
;
i.
Durham
'
RR.—
—
Bast Broad Top RR. 6c Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, Shade Gap RR., ll miles
»nd brandies to mines, 3 miles. See V. 75, p. 77. A coal road, opened in
1874. Stock $815,589 (par $50), of which $247,189 Is 6 p. c pref
current liabilities June 30, 1904, $404,813. Fir*t mortgage 4* ($500,000) due July 1, 1903, remain unpaid; no int. paid thereon since Ian'
1885. Other bonds, $42,400, Int., 6 p. c, payable M.-N. Year 1903-04
gross, $155,395: net, $60,954; Interest, etc., $78.769
bal.. deflclt'
•
President, R.
Slebert, Orbisonia,
8.
Pa— (V.
:
77, p. 145).
East IVIahanoy
Owns from East Mahanoy Juno, to St
Nicholas and branches, 11 miles.
Re-leased Dec. 1, 1896, for 999
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per oent on stook;
d lease aligned -° Phn * R R 7- of th « stock $283,650 is owned,
»2
f 280,000 being deposited by Reading Co. under its general mortgage.
RR.—
-
-
N. Y., No. Am. Tr. Co Jan. 1, '16'35
N. Y., 71 Broadway.
May 1, 1941
N. Y., Nat. Bank Com.
Phila., Broad St. Sta.
do
do
do
5
July, 1905
Jan. 1, 1910
Oct.
1,
2862
N. Y., Union Trust Co. Sep. 10,'05,U»t
do
N.Y., J.P.
Morgan & Co
do
N.
Y, 21
1,
Oct
9, '05,
J
do
Cortlandt
1940
July
do
Various
Various N. Y., 21 Cortlandt
6
July 1, 1924
Nov., 1905
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
(J)OF OA PITAL STOCK, OR BT
A. <fe O. N. Y., 21 Cortlandt
M. & N.
do
do
do
do
J. <fe J.
2
Sept. 7, '05, 2
May
St.
1,
Sept. 1,
Mch.
1,
1,
1,
July 1,
Sept. 1,
Sept. 1,
June 1,
July 1,
Jan. 1,
Oot.
June
(1T)
Lease.
St.
Apr.
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
1,
1,
1.
May
St.
1911
1982
1918
July
1928-29
1926-27
I
East Pennsylvania RR.—Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track 18 miles; all track 76 5 miles. Leased for 999 yrs.
from May 1, 1869, to the Philadelphia <& Reading RR. at a rental of 6
per oent per annum on the stook and interest on the bonds.
Lease assumed in 1896 by the Phila. & Reading Railway Co. Of the stook
$878,850 Is owned by the Reading Company, $875,000 of which is deposited under its general mortgage of 1897.
East Tennessee Virginia 6c Georgia.— See Southern Rt. Co.
-
East Tennessee
& 'Western
North Carolina RR..— A
nar-
row-gauge road from Johnson City, Tenn., to Cranberry, N.C., 34 miles,
Including 3 miles leased. Stook, $501,900. Extension from Johnson
City to Elizabethton, 10 miles, was completed as third rail in May,
190ft. Controlled by Cranberry Iron A Coal Co. The stockholders
on June 14, 1905 (providing for the payment of the present bonded
debt) authorized $500,000 bonds to be secured by a new mortgage. V.
80, p. 1478. For calendar year 1904. gross, $161,730; net, $65,259;
Int. and taxes, $10,251; bal., sur. $52,008.— (V. 80. p. 1478.)
Eastern Kentucky Ry.—Road from Riverton to Webbville, Ky„
36 miles. Chartered in 1866 and opened through in 1889. Stook is
common
$1,697,800; preferred. $1,779,500; par, $100.
No bonds.
Bills
and aooounts payable June 30, 190 1, $38,034. Earns, for year 1903-4,
In 1902-3, gross. $66,594; net, $1,977.
gross. $63,612; net, $4,689.
(V. 79, p. 2085.)
$17,815.
250,000
1,000
Organization.—Controlled since April, 1887, by the m.Central KB,,
•which owns all except a few hundred shares of the $15,000,000 stock
(as increased June, 1900). and has issued its own bonds on the road,
the only D. & 8. C. bonds held by the public ar« the 7s issued under
Iowa Falls & Sioux City mortgage, $2,800,000. Lease.V. 79, p 1274.
Dividends Since 1894—1895, Deo.,1; '96, 3; '97, 2; '98, 3 1*; '99,3;
1900, 3; 1901, lis; 1902, Jan. 1.— (V. 70, p. 1290.)
Duluth 6c Iron Range RR.—Owns Duluth to Ely, Minn., 119
miles, with branches to Mesaba Range Mines, Fayal, etc., 65 miles. Owns
ore docks and yards on Lake Superior oosting over $1,500,000.
8tock, Etc.— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 aores, of which
201,790 acres had been patented to it prior to April 30, 1895; V. 64, p.
1041. Federal 8teel Co. (see U. 8. Steel Corp) owns the stook and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
First mort. bonds authorized, $25,000 per mile for construction and
$7,000 for equipment. Dividends prior to 1900 aggregated 100 p. o.;
In 1901-2. 6 p. o in 1903-4 from accum. sur 1*0%. V 79, p 2085.
For 6 mos, ending June 3< 190^, gross, $2,793,356, against $860,670 in 1^04; net. *1, 651, 230. against $128 849. For year ending
June 30, 1904, gross, $4,003,215; surplus over charges, $1,032,470.—
;
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
& J.
& N.
J. & J.
M. & N.
J. & J.
J. & J.
A. & O.
Q.-M
J. & J.
A.&O.
F. & A.
M. & N.
M. & S.
M. & S.
A. & O.
J. & D.
J. & J.
M. & 8.
M. & S.
J. & D.
J. & J.
J. & J.
5g. J.
5g. M.
500,000
5 g.
500,000
5
500,000
7
963,000
6
570,000
5
2,000,000
7
4,458,000
3*2 g.
112,378,900
16,000,000 See text
47,892,400 4 in 1905
1,000
....
1847
1849
1853
1857
1858
1861
1870
1878
1876
1877
1868
RSHIP
1881
1890
1888
$240,000
8,500,000
50
50
mmm
.mm
....
non-eum
A— Old Bonds As8Tjmei>— Roads Consoltda TED.
N.Y. &E. 1st M.,Plerm. to Dun., ext., '97, gold..o" 447
447
c*
2d mortgage, (extended In 1879) gold
447
o*
3d mortgage, (extended In 1883) gold
1st pref. stock, 4 p.
1905
Due.
Stocks— Last
Dividend.
El Paso Union Passenger Depot.— Owns depot at El Paso.
Tex., to be completed about Nov. 1. 1905. Leased by El Paso North*
& San
east urn, El Paso Southwestern.. Galveston Harrisburg
i-jo.Pac. system). Atoh. Top & Santa Fe, Texas
Paciflo
Antonio
and Mexican
Central railroads on a wheelage basis providing for maintenance and
all charges. Stock. $240,000, owned equally by the six roads named. Of
the bonds (see table above) $12,000 is to b« drawn nearly Jan. 1 by
lot, beginning 1916, and paid off at par. V. 78, p. 104; V. 81, p. 1043.
Pres., J. E. Hurley; See. and Treas., U. S 8 ewart —(V. 81, p. 1043.)
Elgin Joliet 6c Eastern Ry.—Owns from Waukegan, 111., on
Lake Miohigan, via Spaulding and Joliet, to Porter, InoL, 130 miles,
and branohes Normantown to Aurora, 10 miles— Walker to Coster, 111.— 33 miles; Hammond to Whiting, Ind., etc., 19 miles; total
main line owned, 192 miles; spurs to ooal mines, etc, 26 miles;
traokage, Chicago A West Indiana, 4-8; Bell Ry. of Chicago, 2), 7 miles;
seoond track 16 miles; side tracks and yards owned. 118 miles; total
track operated, 369 miles Entire capital sto< k owned by Federal
Steel Co. and bo by United States Steel Corporation.
Stock, Etc.— Stook, $6,000,000, par, $100 Dividend, 4 p. o. yearly
(Id December) in 1899 to 1904. Inolusive.
First mortgage bonds uniBBued can be disposed of for extensions, betterments, etc For 6 mos.
ending June 30, 1905, gross. $1,130,386, against *l,10/!,279 In 1904;
net. $411,947 against $345,344.
Report- For calendar year 1904, gross, $2,208,559; net, $75=5,101.
&
Tear.
Gross.
Interest, etc.
Surplus.
Net.
Oth. income.
1902-3... $2,196,418 $671,295
$468,5*0
$13,089
$215,814
1901-2... 2,178,484
19,225
795,800
404,544
410,481
President. A. F. Banks.— (V. 74, p. 151, 205; V. 75, p. 1399.)
Elmira 6c Lake Ontario
Owns from Canandalgua, N Y., to
Chemung Junotion, 64 miles Sodus Point to Stanley, 34 miles other S
—total, 100 miles. A consolidation in Deoember, 1886, of the Sodus Bay
& Southern and other railroads. Leased at cost of operating to the
Northern Central, whloh owns all the $1,500,000 stock. Lease may
be terminated on thirty days* notioe. Year ends Deo. 31.
RR.—
;
;
Earnings.
1903
1902
Qross.
Net.
$944,437 op.def.$6,769
828,244
88,790
Balance.
def $100,546
sur.
20,701
Inlerest.dtc.
$9 <,777
68,089
Willlamsport, Pa., to
Elmira, N. Y., 75 ** miles. Leased to the Northern Central Railway
for 999 years from May 1, 1863. The dividends on the oommon Btook
are 5 p. c and on the preferred 7 p. c, less taxes, making dividend on
common 4*52 per oent and on preferred 635 per oent. Year ending
Deo. 31, 1903, gross, $1,474,246; net, $262,324; rental, $199,511.
El Paso 6c Northeastern RR.— See New Mexico Rt. & Coal.
Owns New Castle, Pa., to Glrard, Pa., 81
Erie 6c Pittsburg
miles; branch to Erie Dooks, 3 miles; traokage to Erie, 17 miles; total
operated. 101 miles. Leased to Pennsylvania RR. for 999 years In
1870, at 7 p o. on Btook and interest on bonds, and lease
Tax suit, see V. 71, p. 135.
transferred to Pennsylv«n'» Company
Stock.—The stockholders on Jan 9, 1905, authorized an increase in
the stock from $2,000,000 to $4,500,000, the new stock to be issued as
required for imorovements, to be subordinate to the old stock, but to
be guaranteed 7 p. o. dividends V. 80, p 162.
Earnings.— The lease (.bowed to the lessees in 1899 profit, $32,873; In
1900, profit, $118,216; in 1901, profit. $307,498; In 1902, profit,
$254,142; in 1903, profit, $197,549 — (V. 80, p. 162, 472.)
Erie Railroad.— See Map on adjoining page.— Kin braces trunk
line from Jersey City, opposite New York City, to Chicago. 111.. 998
miles, and branohes 1,317 miles; total, 2,315 miles; seoond track, 753
miles; 3d and 4th tracks 33 miles: total, 4.001 miles
History.— On Deo. 1, 1895, succeeded to the property of the old New
York Lake Erie & Western RR. Company, sold in foreclosure on Nov.
6 under Its second consolidated mortgage. The new company holds In
fee or through ownership of all or practically all the stock of the independent companies, the line from New York to Chioago (including the
Nypano RR. and Chicago <fe Erie companies) and also all branoh and
subsidiary lines except a few small properties. The reorganization
Elmira
6c
WUliamsport RR.— Owns from
RR.—
plan
of
1895 was in V. 61,
p.
368.
)
HALLWAY STOCKS AND BONDS.
Oct., 1905.]
RAILROADS.
Miles
Date
or
81ze,
BB.— (Concluded)— B— Controlled by O WNER
*Jeffers'n,lst&2d M's.,ex.ln*87&'89(H'dale Br.)c
1st mort., Carbondale to S. depot, gold..FP.o*
•Long Dock Co.cons.M.,g.(now lstM.)(seetext)o*
UN.Y.&Greenw. L., Prior lien M.,$l,500,000.N,g.
{New Jersey &N.Y., 1st M. (reorganization)... o*
Gen.M., $1,200,000 (red. 105 after 5 years). ..g
8
37
"5*2
N.Y.L.E.&W\C.&RR.lstM.,"lawfulmon."]TIpov
*N. Y. L. E. & W.D.& I. Co. Is M., V. 56, p. 82.F.O*
422
gold, $ & *.F.c*
*N. Y. Pa. & Ohio, prior lieu
Do. Leased lines see separate statements for Clev.
A N. Y. Susquehanna & Western— Northern New Jerse
M
—
C— Erie
,
Railroad Company
&
New
do
do
Erle&Jereey
1st
M
ser
,
ship o f Entir e(*)oraMaj ority (J)
67'69 $500<fec.
$300,000 4»a&6
1889
2,800,000
1,000
1885
1. 000
7,500,000
SI:
1896 100 &0.
1,500,000
s
1880 500 &o.
400,000
I
1892 500 &0.
629,500
5
1882
6 our.
1,000
1,100,000
1883
6
1,000
3,396,000
1880 500, Ac
8,000,000
4!flg.
&Mah. Valley RR. and Sha ron Ry.
y-Tlo ga RR. —See each o ompany.
Bonds.
Southwest'n, gold..OTo.o
F.o*&r
Prior lien bonds, $35,000,000, gold
o*&r
General lien, $140,000,000, gold
Pa. coll. tr. M., $36,000,000, g., 8. f., textMe. .c<fcr
o*<6r
1st oonv. M., $50,< 00,000, g., ser A..s
2d mort. on Buffalo
67
B
$10 000 000. guar
N. Y.Pa. & Ohio eq. trusts, snk. fd. 3*, dr'n at 100
New Erie RR. equipm't trust, gold, part yearly..
1895
1,000
1895
1,000
1895
1,000
1901 l.OOO&c
1903 l.Of'O&o
1905 MOO&o
1905
88'90 £100
1900 4
1904 5 1,000
gold, due seml-ann
do
Avon Geneseo & Mt. Morris and Rochester & Genes see Va
Eureka Springs— See St. L. & No. Arkansas RR.
40 1879
Evansville A Indianapolis— TM.& South. IstM.Fc*
55 1884
Evansville & Indianapolis 1st M., gold, guar.F.c*
135 1886
Con.M.($2,500.000)g.gu.p.<fcl.(end.)E.&T.H.Fo"
do
Evans. A Terre Haute— Common stock, Col ..
Preferred stock, non-cumulative. See text. Col
Consol. mortgage (1st lien) gold
o*
1st consolidated mortgage, gold F
F.o*
Mt. Vernon Branch mortgage, gold
.
lley Sto
1,000
1,000
1,000
50
50
115
144
25
1880
1881
1883
1,000
1,000
1,000
Erie Railroad.— (—Concluded.)—
In January, 1898, control of the N. Y. Susquehanna & Western was
obtained. V. 66, p. 83, 335, 573, and editorial p. 53. See Stock below.
In Jan., 1901, entire stock of Pennsylvania Coal Co. was acquired,
the purohase including valuable coal mines. Erie & Wyoming Valley
RR.,Scranton, Pa., to Laokawaxen 59 miles. See Bonds below. V.71,p.
1219, 1311; V. 72, p. 44, 136, 241, 532, 627; V. 73, p. 398. In 1901 an
Interest in the stock of the Lehigh V. RR. was purchased. V. 73, p. 391.
In Sept 1905, control of the Cinoin. Ham. <fe Dayton system was
acquired by the purchase of about $5,000,000 of the $8,000,000 stock.
.
V. 81, p. 974.
Miles.
Lines owned in fee.
Piermont, N. Y., to Dunkirk... .447
Buffalo to Jamestown, N.
Buffalo to Corning, N. Y
Leased
lines.
Avon Gen. & Mt. Morris
67 Montgomery & Erie
Y
Miles.
1T15
1[10
ff26
ffl2
ifl8
140 Northern RR. of N. J
139 Goshen & Deckertown
all J owned.
Roch. & Genesee Valley
43
fi250 Other lines
'Jefferson RR
Leased to Nypano RR.
U45
N. Y. & Greenwood L. RR
H 52 Cleve. & Mahoning Valley RR. 1) 81
{New Jersey & New York RR. U38 Sharon Railway
1132
Erie & Wyoming Valley RR.
59 Otherlines
54
*NypanoRR
Trackage
167
U422
JTiogaRR
58
8e6 this company.
U
Other lines
140 Lines in system June 30,'05..2,675
N. Y. Susquehanna & West. 1T238
Other branches
Stock all * or nearly
-Chicago & ErieRR
.
Cin
Proposed
cut-offs,
Ham.& Dayton system1T3,675
V. 80, p. 2621; V. 81, p. 777.
Coal and Steamboat Property.—The Erie
coal properties represent an aggregate of 10,500 acres of anthracite, of which about
9,000 acres are held in fee also 53,000 acres of bituminous ooal
lands held in fee 14,000 acres of bituminous held under mineral
rights. Its coal tonnage in the year 1904-05 aggregated 15,717,194,
out of the 31,561,623 tons hauled. The Union Steamboat Line (merged
In Erie RR. Co. June 30, 1896). has terminal, etc., properties in
Buffalo and 8 lake steamers. See V. 63, p. 51 4. The Penn. ooal properties acquired in 1901 are additional.
See above.
Stock.—The voting trust was dissolved May 1, 1904. V. 78, p. 1549.
The prior lien and the general lien bonds of 1895 have 10 votes 'or
each $1,000 of principal, their authorized issues aggregating $175,000,000, of which $74,044,000 outstanding In July, 1905. The company
reserves the right to redeem either class of its pref stock at par in cash.
Provisions of pref. stock were in Supplement of April, 1897, page 3.
In Mar., 1898, Erie 1st pref. stock was increased from $30,000,000 to
$43,000,000, and common stock from $100,000000 to $113,000,000. to
acquire New York Susq. & Western stock.— See V. 66, p. 335, 573. The
1st pref. stock was further increased in 1901 $5,000,000 In connection
with the purchase of the Pennsylvania Coal Co. V. 72, p. 136, 532.
In 1 ^05 common stock was increased to $133,000,000 to provide for
$10,000,01 (first Issue) of convertible debentures. V. 80, p. 1362.
Dividends, p. 0. )
1901.
1902.
1903.
1904.
1905.
On 1st preferred.. >
113
3
4
4
3>s
On 2dprelerred..
...
..
See text.
On 2d pref. a 4 p. c. annual dividend, payable 2 p. 0. Oot., 1905, and
2% April 9, 1906. V. 81, p. 507.
Bonds.— The new first consolidated mortgage is for $175,000,000
[Farmers' Loan & Trust Co. trustee]— see abstract of deed V.62, p. 89,
and secures $35,000,000 prior lien and $140,000,000 general lien bonds.
Both series have voting power; see "stock" above.
Of the $140,000,000 general lien bonds, $92,073,000 are reserved for
the ultimate acquisition of bonds and guaranteed stocks left undisturbed on various parts of the system [see list V. 62, p. 89], and $17,000,000 were reserved for new construction, betterments, addtions,
etCj after 1897, not over $1,000,000 to be used In any one year.
The position of the first consolidated mortgage is substantially as
follows It is a first lien [mortgage or collateral, the prior lien bonds,
however, preceding the general lien bonds] upon the company's chief
coal properties (except Penn. Coal Co.), upon its water, transportation
lines (including valuable terminal properties appurtenant thereto),
and upon a number of profitable local lines in New Jersey and near
Buffalo it is a second lien upon certain minor coal properties and
upon the railroads leading to all the coal properties, upon the terminals at Jersey City, upon the Buffalo New York & Erie Railroad
(the main line to Buffalo) and the Buffalo terminal properties other
than those upon which it is a first lien, and upon the entire line from
8alamanca to Chicago; It is a second consolidated mortgage upon
the lines between Piermont and Dunkirk (447 miles).
The collateral trust 4s of 1901 are secured by 51 per cent of the
entire New York Susquehanna & Western stock ($26,000,000 total
issue), all of the Pennsylvania Coal Co. stock,
and the stock
of the Erie & Wyoming Valley RR., Soranton, Pa., to Laokawaxen, 65
miles, and Del. Val. & Kingston RR. Of the bonds $32,000,000 were
issued to acquire these stocks (except N. Y. S. & W., already owned),
remaining $4,000,000 (of which $1,000,000 has been issued) being reserved for Improvements to properties of which stocks acquired. A
sinking fund of 10 cents per ton of coal sold purchases bonds at not
exceeding 105, otherwise to be applied to the drawing of bonds by lot,
all such bonds to be kept alive and the accruing interest thereon to be
added to the sinking fund, which, it was estimated, will be sufficient to
retire the whole issue at or before maturity. V. 71, p. 1219, 1311; V.
;
.
:
;
Whom.
Payable
Cent.
'
34
57
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, when Dae.
Rate Per When Where Payable, and by Stocks— Last
Amount
of
Par
of
explanation of oolumn headings, &c, see notes
Road Bonds Value. Outstanding
on first page of tables.
Xrie
:
.
Dividend.
of Capi TAL BTOCK.OR BY
&
A. &
A. &
M. &
M. &
J. &
M. &
J. &
M. &
J.
(fl)
LE
A8E.- -Ooncl.
Co. July 1, *27-'29
O. N. Y., 21 Cortlandt St. Jan. 1, 1909
O. N. Y.,J. P. Morgan & Co. Oot. 1, 1935
N.
do
May 1, 1946
do
N.
do
May 1, 1910
do
J. Phlla.. Fidelity Tr.
do
do
do
do
J.
N.
J.
S.
do
do
do
do
Jan.
May
July
Mar.
1,000,000
5 g- J. & J. N.Y.,21 Cortlandt St.
4 g- J. & J. New York & London.
35.000.000
4 g- J. & J. N. Y.. 21 Cortlandt St.
39,044,000
do
do
& A.
33.000,000
4 gdo
do
& O.
10.000,000
4 g.
4 gdo
do
See text.
& o.
See text.
4
Various
London.
675,115
5 g.
3.457,498 4i3&5g. Various
New York.
2,245,920
± g. Various
1,
1,
1,
1,
1933
1922
1913
1935
1908
1996
1996
1951
1953
1953
1955
1908 & 1910
July
Jan.
Jan.
Feb.
Apr.
Apr.
1,
1,
1,
1,
1,
1,
Yearly.
To 1910
oka—See th OSE COS.
M.& S. N. Y., Bankers' Tr. Co, Sept. 1, 1909
251,000
7
July 1, 1924
do
do
647,000
6g. J. & J.
Jan. 1, 1926
do
do
1,602,000
6g. J. & J.
May 1, '01,1 1*
3,987,383 liain'Ol M. & N.
Checks mailed.
Oct. 16/05, 21*
1.283,333 5 in 1905 A. & O.
30,000
£*• J. & J. N. Y., Bankers' Tr. Co, July 1, 1910
July 1, 1921
J. & J.
do
3,000,000
do
Apr. 1. 1923
do
375,000
6g. A. & O.
do
72, p. 44, and circular, p. 136, 532, 257; V. 79, p. 212. In 1901-5. $1,
115,000 Included above| as outstanding was purchased by sinking fund.
The convertible 4s of 1903 ($50,000,000 authorized issue) will be
issued from time to time as required and may be made convertible
into common stock at a price to be fixed when the bonds are issued, but
not less than $4158 per share; they will cover all the company's property subject to underlying liens. The first $10,000,000 (series A) Issued for improvements and equipment Is convertible on basis of $100
bonds for $200 stock from April 1, 1905, to April 1, 1915; series B for
$12,000,000 (see "Finances" below) is oonvertib e Into common stock
at $t>0 per share at anytime after Jet 1,1907. and before Oct. 1, 1917.
V. 76, p. 382. 541 ; V. 78, p. 768; V. 79, p. 2205.
Erie
Jersey guaranteed bonds, see Finances below.
Real estate mortgages outstanding June 30, 1905, $762,850.
Old Bonds—Under the first consol. mortgage ot 1895 the company
covenants to pay the interest regularly on all the old bonds in the
table that are marked with a * or a J (except N. J. & N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
Long Bock 6s see March, 1894, Supplement under N. Y. L. E. & W.
For N. T. Lake Erie <& W. Ooal <k RR.. see Sup. January, 1895.
Finances.—In 1904-05, $1,365,000 general lien bonds were issued
for construction, etc. V. 81, p. 1188. As to purohase of one-third
interest in majority Hooking Valley common stock, see that company.
In 1905 dividends on 2d pref. were begun.
The Erie & Jersey RR., with $600 000 authorized stock, will build a
Highland Falls, via Campbell Sail to Guymard,
low grade cut-off fr
N. Y., about 40 miles. An issue of *10,0o0,0i>0 first mortgage 50-year
4 1 er cent bonds Is contemplated to cover the cost. V. 80, p. 2621.
Stockholders of record Oct, 21, 1905, were offered the right to subscribe pro rata at par for $12,000,000 4 p. 0. bonds, convertible into
common stork at *60 per share at any time after Oot 1, 1907, and before Oct. 1,1917, pajment to be made in full on or before Nov. 27,1905
The proceeds are to be mostly used to acquire a majority of the Cin.
Ham. Dayton common stook. A syndicate will take all stock not
subscribed for by the stockholders. V. 81, p. 11 00.
Gross, $8,366,060; net, $2,645,649
Earnings.— 2 mos., ) 1905
Gross, 8,034,325; net, 2,802,888
July 1 to Aug, 31. $1904
Annual Report.—Fiscal year ends June 30. Report for 1904-5 given
in full in V. 81, p. 1167, 1186; see also editorial on page 1143.
Average freight train-load, 412 tons, against 400 In 1903-04.
1903-4.
1902-3.
1904-05.
1901-2.
&
m
&
Miles operated
2,151
2,153
2,150
2,154
$45.7i4,738 $45,201,163 $45,830,413 $40,894,434
Gross earnings
Working expenses.. 33,142.208 32,581,838 29,925,758 27,927,098
Net earnings.... $12,582,530 $12,619,325 $15,904,655 $12,967,335
Net coal comp's.... $2,190,439 $1,993,911 $2,670,290 $1,702,491
314.995
Other income
488,048
412,807
242,721
Total net inc. ...$15,261,017 $15,026,043 $18,8*9,940 $14,91^,543
$8,891,077 $8,593,688 $8,461,375 $8,396,891
Rentals
l,053,9b9
1,153,623
1,142,974
1,112,163
P.O. due l's'd lines...
22?,900
176,893
189,204
215,696
Interest
Int.
on equip. It's....
Miscellaneous
Add'ns ADnprv'ts..
264,249
368.580
284,791
352,339
1,540,320
1,360,555
339.072
290,352
2,377,855
298,590
255,023
249,501
Dlvs. on 1st pf.
(4)1,9 5,696(4) l,915,696(8l 2 ) 1,676,234 (3)1,436,772
Divs. on 2d pref..
(4)640.000
Balance, surplus ...
$490,344 $1,096,036 $4,379,178 $2,947,906
Officers—President, F. D. Underwood; 1st V.-P. and Gen. Solicitor,
G. F. Brownell; 2d V.-P., G. A. Riohardson; 3d V.-P.,
B. Chamberlain; 4th V.-P J. M. Graham; Secretary, David Bosman; Treas., D. W.
Blgoney; Comptroller, M. P. Blauvelt.
Directors.— Chas. Steele, J. J. Goodwin, John G. McCullough,
D. O. Mills, Alexander E. Orr, F. D. Underwood, Samuel Spenoer,
Francis Lynde Stetson, Geo. F. Baker, J. J. Hill, Norman B. Ream,
H. MoK. Twombly, E. H. Harriman, William C. Lane, Louis L.Stanton.
1
.
-__.
H
,
— (V. 81, p.
839,974,1100, 1167, 1186.)
Evansville & Indianapolis RR.—Owns Evansville
to Terre
Haute. Ind. (via Worthington), 134 m.; leases branch, 12 m. A consolidation In 1885. Of the consols $898,000 held to meet prior liens. The
consols, and the bonds of 1924 are guaranteed by Evans. & Terre Haute,
which owns capital stook, $2,000,000 Company owns no equipment.
In 1903-04, gross, $364,146; net, $75,913; other income, $12,845; interest, taxes, etc., $179,146; bal.,defloit for year,$90,387.— (V 75,p.980.)
Evansville &. Terre Haute
Road owned and operated. Miles.
RR.—The system includes
Controlled— op. separately. Miles.
Evansville & Indianapolis
Evansville to Terre Haute
via Worthington, eto
146
Leased to other oo.'s RockTotal in earnings
ville extension
23
164
In July, 1903, Chicago & Eastern Illinois acquired $2,678,100 of
the common stook. V. 81, p. 1242.
Evansville to Terre Haute..
Branches to Mt. Vernon, etc.
Evansville Belt (stock held).
109
50
5
'93 '94 '95 '96 '97 '98 '99 '00 '01
2
3 IVj
2 4*3
5 5
Pref. stook. >
1 1
Also 5 per cent In bonds. I Also scrip diviuend.
IT
Drv'DS—
Com. stook.
) '92
V 7U
On preferred
and 2i«
p. c.
7^1
5 d. c. declared in
April 16, 1906.
1905—paid 2^
1902 to 1905
None
since.
5
yearly,
c
Oot., 1905,
p.
58
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
o.
,
RAILWA
Oct., iyoo.j
>CKS
r
RAILROADS.
*z~ Size, or
For explanation of oolumn headings, &o. see notes
on first page of tables.
Par
,
Value.
Bvangv.<*T.B.(Oonj— Sullivan Co.Coalbr.M.g
let general mortgage for $7,000,000, gold
$1,000
1,000
l890
1892
50
100
Brook—Stock ($500,000 Is 7 per oent, p
Fitchbarg— Pref. 5 per oent rental
Bonds, not mortgage.
Fall
Bonds
Bonds
to State of Mass.
4
p.o. since Feb.,
1897.
o*
c&r
Bonds, not mortgage
o*
Bonds, not mortgage
Bonds, not mortgage ($1,359,000 due 1915... c
Bonds, not mortgage ($2,750,000 are 4.8 of 1897)
are 3»«s of 1901). .o<tr
Bonds, not M ($1,775,0
Bonds, not mortgage, $3,660,000, onr
35
Troy & Boston lstmort. (V. 53, p. 405)
Brookllne & Pepperell plain bonds, guar, (end)
Vermont & Mass. plain bonds, guar
r KM E
if lint <t fere Marquette—-See Pere Marquette Sta
Florida Oentral<tPen.—8EE Skaboaro Air Line RY.
60
Florida West hore— 1st M ,$2,000,000 g ,gu.,p <fcl.
26
fond-a Johnstown <£ Oloversv.—Con.M.., $500,000.-0
o*
26
lstoonsol refunding mort., $700,000, gold. IV.
26
Gen. refunding M., $l,500,000,tV.71, p. 34). N.o*
4
Johnstown G. & Kingsboro 1st M., assumed
14
CayaduttaEleo. lstM.,gu.,p.&i.,byF.J.& G.N..,g.
75
lstoon. gen.ref.M. $7,000,000. g., red.120.IV o*<fcr
Me o"
Ft. Smith dk Wt.sl-i n -1st M., $7,500,000, g.
Wayne <t Jackson Pref. stook, 5*2 p. o. rental
98
Fort
Fort Worth <t Denv. City— Pf. stk. "stamp, otfs." 4%
o*
455
1st mortgage, gold, $18,000 per mile Me
Gainesville dt Outf—lat tnort., $150,000. gold So*
48
Gainesville Midtand-M., g., red. ($50,000 2dM ..
55
.
—
)
Galveston Hamsb & S. Antonio— lstM.,g.,landgr.o*
West. Oiv 1st «„g
.
o*
—
256
671
.
1888
1887
1887
1890
1894
1,000
1,000
1,000
1905
1874
1891
1903
Total net Income
Dividends on pref. 5
Depleted equipment
p. 0.
1.039,800
$5 4,160
90,929
64,167
79,286
2.275,0O<»
3i9
3,660.<00
573.0OO
100.000
772,000
4
7
5
1,000
1881 100 &0.
1,000
1897
1900
1,000
1,000
1893
1.000
1892
1902
1,000
1,000
1904
100
100
1,000
1881
1H99
1,000
1904 Various
71-'80
1881
l.OOO
1.000
Farm villi-
6c
Fayettevllle
Powhatan RB.-T,
6c
&
&
&O.
& N.
J. & J.
J & D.
M. & N.
A.
June
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
D.
M. & N.
Various
Various
May
1915
1,
I,
&
1920
1914
1916
19271928
Oct l,192o-21
May I, 1925
July 1, 1924
D«o.
May
East.
$863,281
$337,950
88,982
34,090
64,167
1911
1,
1,
1923
5g.
J.
6
A.
<fo
<fe
<fe
6,u00,00
2,291,416
2.539.P92
8,176,000
»
lfSO.OOO
225,000
4,756,000
13.41 ft.000
5
e.
MAN.
N
Jan.
Apr.
1,
1934
1921
1947
1950
1913
1922
Oct.
Nov.
1952
1954
Apr.
8«pt. 1,'05,2%
Apr. 1, 1904, 4
Deo. 1, 1921
1929
July
July
July
1,
1,
1,
1,
1,
1,
1,
Oct. 1, 1P09
Fob. 1, 1910
Y.,8o.P.Co.,120B 'v*v Ms,v 1 1931
,
RR.—
W
;
111.
80, p. 24 V7; V. 81, p. 211.
July, '01, and V. 69, p.743)
RR,-
1902.
Tears end. Tune 30.—
1905.
1904.
1903.
Gross earnings
$2,526,496 $2,496,617 $2,494,587 $2,262,123
4' 4,^86
Netovertaxes
502.600
677,331
561,373
I4.3i9
11.248
17.534
Other inoome
From total net inoome as above in 1905 ($516,959>, deduct interest
on bonds, $490,560, oth. int., rentals, etc, $20,046; bal., sur., $6,354.
Pres.. Frank Trumbull, Denver, Col.— (V. 81. p. 1 1 «>••.)
Port Worth <k Rio Grande Ry.— About to ie merged in 1905
in 8t. Louis San Franolsoo & Texas Ry., a subsidiary or St. Louis A San
Franolsco, refunding bonds of the latter being reserved to retire the
$2,9^3.00 » outstanding Ft. W. & R. G. bonds at maturity.
;
Gainesville 6c Gulf Ry.—Sampson City to Fairdeld. Fla.. 48
Land grant, 480,000 aores. In Aug 1905. pa>ties identified
So. & Flor. acquired control, an extension from Fairfield
to Tampa, Flor., 105 miles. Doing repirted a-t pt-op'is id. V 81, p. 613.
Stook authorized. $1,000,000; par $100; issued July. IWi, $300,000.
Loans and bills payable June 30, 1903, $53,590. Year ending June
miles.
with the Ge \
RR.—
UK.—
30. 1904, gross, $78, 19
RR.—
net, $26,833; other inooin , $t,S » <; charges,
bal sur., $20,031. President, 8. F. Parrott; Maoon, Ga.,
Treas. H. E Taylor, Gainesville, Fia.— (V. 73, p. Hi. V. 81. p 613.)
Gainesville Midland Ry.— Owns Gainesville, 9a. to Jefferson
mroe, 55 miles, to be standard- gauged. la Oct.,
and Belmont to
I9u5, extension from Jefferson to Athens, Ga., 19 miles, was under
construction 8 icc*»sor to a portion of the Gainesville Jefferson&
Southern Ky foreclosed Julv 5.1904. V. 79, p 151 269,500,627.
The Savannah Trutt Oo. is mortgage trustee. V. 79. p. 1266. President,
Geo. J. Baldwin; seo. and Treas., E. L. Douglass.— tV. 79, p 627, 1266.)
Galveston Harrlsburg 6c San Antonio Ry.— (See Map South.
Pacific.)—Owns Galveston via Houston, Tex., toeast bank of Rio Gr.
Riv«r, 887 miles; Beesville to Rosenberg, 147 miles; Port Lava 'a to
Ouero, *5 miles; t»rauohes, 195 m.; total, 1,234 miles. An extension
from Stookdale to Cuero, 50 miles, is under construction. >perated|by
Soutuern Pacific Company, whloh owns $27,054,400 or the $27,084,360
stook (par $100). A 'Onsolidati' n in Aug 190 >. with the New York
Texas <fc Mexican, Gulf Western Texas A Paoiflo, San Antonio
Gulf,
Galveston Houston <fe Northern and Gonzales Branoh RR. V. 79, p.
2642; V. 80. p. 1424; V. 81. p. 211, 668, 1242. stock is to be in-
$11,63
Florida West Shore Ry.— Turkey Creek, Fla.,on 8eaboard Air
Line to Sarasota on the Gulf of Mexico, 56 miles, including 4 miles of
traohage, with branohe-, * miles; total, 64 miles. Stock authorized,
Sl.OOO.oOO, o' which $500,000 outstanding; par of chares. $ 00. Under contract of 1903, the Seaboard Air Line is a preferred connection
and guarantees the outstanding bonds; V 8<>, p. 1478. V. 77, p 695.
For year ending June 30, 1904. gross, $^6,8 19; net, $26,132; total deductions, $33,3/4; bal, def., $7,242.— (V. 80, p. 1478.)
<;
;
1
>
:
,
M
,
Fonda Johnstown 6c Gloversvllle
Owns Fonda to
Northville (steam), 26 2 miles, Gloversvllle to Soheoeotady (.eleotrio),
Gloversvllle to Fonda (eleotrio), 9-34 miles, Amsterdam to
82*3 miles),
Hagaman (ele-trlo), 3 6 miles. Belt line In Gloversvllle (eleotrio), 3*9
miles; seo nd track (eleotrio, 21-2 miles. Operates under lease branch
line Broadalbln Junotion to Broadalbin, 6-2 miles (steam); also local
line Gloversvllle to Johnstown (electric). 4'23 miles; sidings and turnouts, H*7 miles; total, 97-47 miles of road (118*67 miles of tra<k) of
whioh 96-87 miles on private right of way and 21-8 miles on
streets and highways. A consolidation on Jan. 1, 1903, with the Amsterdam Street and Cavadutta Eleotrio railroad companies. V. 73, p
31, 493.1355; V 74, p 987; V 75, p. 1399. Stock $2,500,000; par, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stook of Edison Eleotrio Light
Power Co. (V. 71, p. 1167.) V. 78, p 229. Also
a two thirds in erest in stook and bonds of Adirondack Lakes Traction Co., operating from Gloversville to Mountain Lake, 4 miles, and
the resort " Saoandaga Park."
In 1896 parties Interested in N. Y. Central entered direotorr.
Bonds.—Of the consol,4iflS of 1902 ($7,000,000 authorized) $4,687,000 were Issued to retire Amsterdam Street RR. bonds and for construction; of the balanoe $1,850,000 is reserved to retire prior liens
V. 76. p. 265. Guarantees $30,000 Glov. & Broadalbin 5s and $50,000
Johnst. Gloversv. & Klngsb. Horse RR. 6s and $50,000 8 p. c. stook.
Latest Earnings.— 2 mos., <1 0> ..Grois, $164,115; net. $93,175
July I to Aug. 31.
(1904 ..Gross, 143,755; net,
81,701
P. „ T - F or year endta* June 30, 1905, gross, $650,793; net
R
,J55
$299,164; oth. Income, $54,790; charges, $313,922; bal., sur , $40,032.
RR.—
&
-
.
Western
Operates Fort Smith. Ark., to
~ Fo !? ^"Si 111
Guthrie. O. T„ 216 m., of which Coal Creek, I. T„ to Guthrie, 196
is owned and Ft. Smith to Coal Oreek,20 miles, Is Kansas tlty Southern traokage to be replaced bv company's own road. The road will
develop ooal properties at MoCurtain, I. T., 40 m. west of Ft. Smith
Henry 0. Frick of Pittsburg, Pa., is understood to be largely Interested.
m
New York.
& J.
Tr N. Bk
O. N. Y., Imp.
412 g. J. & J. N.Y., N.Y. Seo.
Tr.Co.
do
do
4 g. J. & J.
6
& J. N. Y., Metropol. Tr. Oo
J.
A. & O. N. Y., Farm. L. & T. Co.
6
4ifl g. M. & N. NY., N.Y. Seo. A Tr.Co.
4 g. A. & O. N. Y., Mere. Trust Co.
5ifl
M. & 8. N. Y., Farm. L. & Tr. Co.
4 In 1904 See text N. Y., Morton Trust Co
6 g. J. & D. N. Y., Meroantile Tr.
6 g. J. & J. N. Y., Standard Tr r,o.
6g. A. & O Savannah (i+a.) Tr. Co.
6g. F. & A. N.Y.,So.Pao.Co.,& Bost.
712,000
200,000
500,000
800.000
50,000
350.000
4,6*7.000
Wayne
8vstem extends from Boston Mass. to Troy,
Fltt libiirt
N. Y., 19o miles; branches to Worcester, Bellows Falls, etc., 268 miles;
458 miles In all, of which 56 miles (Fitohburg to Greenfield) leased
from Vermont & Mass. and 8 m. from other cos.; second track 183 m.
Lease.— Leased for 99 years from July 1, 1900, to Boston & Maine for
5 p.o. on pref. and 1 p. c. on oommon stock, payable quarterly [Jan. 1,
etc.], organization expenses. Interest on bonds, taxes, expenses of
maintenance, etc.
The Boston <fe M. holds $5,45i,5i0 of the $7,000,000 oommon stock, purchased with proceeds of its 3 p. 0. bonds,
at 90, the remainder being in the treasury V. 70, p. 76, 125, 176, 583,
1291; V. 71, p. 29, 543 V. 72, p. 532.
Bonds.— Debentures desoribed in V 60, p. 967. There were issued
in 1905 $3,660,000 4 p. 0. bonds to provide for various bonds maturing up to June 1, 190>, inclusive, and for additions and improvements.
V. 75, p. 611; V. 73, p. 1112, 1312; V. 79, p. 1266 V. 80,p.472. 599,871
Flint 6c Fere Marquette
Merged in Pere Marquette RR.
Florida Centra] 6c Peninsular
See Seaboard Air Line Ry.
Florida East Coast Ry.— See page 178.
Florida Southern
Merged in Atlantic Coast Line RR.
RR.—
A.
>
Albemarle.—See Sup.
*
&
&
Apr. 1, 1930
O. N. Y., Bankers' Trust,
Apr. 1, 194S
O.
do
do
Q-F. 5 Office, Corning, N. Y. Aug. 5, 1905
vi ., Bos.
Q.-J. Offioe, Bos. <fc
Oct. 1, '05, 11*
M.
N.
Boston, Office.
May 1, 1908
F«b. 1, 1937
F. & A.
do
do
A. & O.
do
do
Apr. 1, 1907
A.
M.
3>a
Due.
Slocks— Last
Dividend.
,
W
&
4
4
Whom.
Payable
J.
4i«
Payable, and by
Stock, *5.000.00'>, all outstanding; par of shares. $100. Of the gold
4s of 1904 ($7*00.000 authorized) $5,833,000 were issued in exchange for $5,000,000 old ? 8, $100,000 are reserved t ruplaoe the 20
miles of trackage mentioned above, $400,000 for equipment, and
he balance for other purposes. In July, 1903, tti-d an agreement
for the purchase of equinment costing $438,000. V 77, p 88. For
year ending June 30, 1904, gross, $444,649; net, $17<.849; total deductions, $22 ,7 1. Pros, and Treas., A. C. Dustin, Cleveland, O.—
(V. 78, p. 1497; V. 79, p. 269.)
Owns Jackson, Mioh., to Fort
Port
6c Jackson
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore & Michigan Southern at a rental of $126,027, equal to 5*8
per oent on the preferred stook (see V. 56, p. 812), aud after 1887 any
net earnings over 8 per oent on pref. stook to be paid as dividends on
oommon. but not exceeding 2 p. 0. a year. Commou stook. $436,132.
Port Worth 6t Denver City Ry.— (See Hap Ool. 8t.) Ft. Worth,
* Den. Term Rv.
Tex., to Texline. 453 to. Owns securities of Ft.
Stock, Etc. -Colorado & South. Ry. owns $6.83°».oo8 of the $9,375,000 oommon issued, and in 190% included road in its financial
Pref stook, "stamped," see V. 63, p. 1063.
plan.
dividends.—On pref. 2p.c; '98; '99, a p. c 1902, 2p. c; Apr., 1903,
and 1904, 4 p. 0. each from surplus earnings of previous years
Bonus. —Finances readjusted in 1896. Plan V t>3, p. 75. Abstract
Of mort. V. 45, p. 440. Equip, trust notes June 30, 1905. $199,339,
maturing $6,017 monthly to Aug., 1908.
Gross, $506,049: net, $1*9.279
Eahninus.— 2 mos., s 1905
?190t
Gross, $3SVo46; net. 115,913
July 1 to Aug 31.
Ann ual Report.—Report for 1903-4 was in V. 79, p. 1637.
Balance, surplus
$338,092
$291,258
$214,41%
Officers— President, A. J. Davidson; Treas., O.
Hillard; Directors
Oct., 1903, V. 77, p. 1294.— (V. 79, p. 2088; V. 81, p. 1240, 1242.)
Chic.
5g.
$450,000
2,772.000
5g.
5,000.000 See text
5
17,360.000
2,000,000
5
5,000,000
4
4
1,500,000
1,000
1904
64,167
Evansville Terre Haute 6c Chic—See
Fall Brook Ry.— Seepage 178.
Bonds— Principal, When
NT.
$837,502
$5 )9,2K1
99,639
>
Cent.
4
1,000
When Where
Rate per
Outstanding
1,000
1895-6
1897-8
1900-1
59
INTEREST OR DIVIDENDS.
Amount
500.000
500,000
1,859,000
4.200,000
Bonds, Guaranties, Etc.— Certain Evansville <S Indianapolis bonds
are guaranteed. See that company. General mort. 5s for $3,855,000
are held in trust to retire the orior bonds and oar trusts at maturity.
Equipment notes June 30, 1905, $">79,013
Annual Report.— Report for 1904-05 was given in V 81. p. 1240.
Results of Evans. & Ind. are included below in 1904 5 and U03-4
190<i.
1905.
1903.
Year end. June. 30—
Gross earnings,
$2/»50,147 $2,089,336 $1,722,314
1,011, ••56
826,956
Net earnings
851.274
36,325
Other income
28,244
36,228
Interest on debt
Taxes and miscellaneous...
Evansv. <fc Ind. deficit
AND BONDS.
,
1
,
creased and
&
new mortgage made.
Bonds.— First mort. has a sinking fund of 1
p.o., but It is optional
with holders to surrender their bonds if drawn. Western Div. 2ds
($6,354,000) by agreement are treated as Inoome bonds. V. 58, p. 719.
Equipment bonds, $1,148,000 6s, owned by 80 Pao., due $82,000
semi-annuallv, Apr., 1906 to 1922. V 76, p. 1300; V. 77. p 2160,
South rn aclfio Co. also owns $842,000 Matagorda Division 1st M.
6s of the old N. Y Tex. & Mex Ry.
On June 30, 1904, there was due the Texas & New Orleans RR. $2,149,745 School fund claims, V. 64, p. 1137; V. 66. p. 471; V. 70. p. 686.
Year 1903-O4, gross, $7,141,492; net, lnol. other inoome, $1,103,773; charges, $1,637,963; bal.. def.. $534,188.— (V. 81, p 6*8, 1242.)
Galveston Houston
6c
Henderson RR. of 1882.—Owns
from Galveston, Texas, to Houston, Texas, 50 miles.
Organization.—The M. K. & T. and International & Great North,
have had traokage rights since Deoember, 1895, under a oontraoi
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. & H. bonds and an additional rental of
$24,000 per annum for dividends or other purposes— see V. 61, p.
1064; V. 63, p. 697. M. K. & T. owns 4,999 sha-es of G. H. & H. stook
-seeV. 61, p. 1013. Stock, $1,000,000; par, $100. Dividends paid,
in May 1904,4 p 0; May, 1905, 4 p. o. For year ending ueo. 31,
1904, gross, including $124,000 for trackage as above, $405,059; net;
$186,337; other inoome, $3,862; int., $100,000; dlvs., 4 p. o., $40,000;
real est. and imp's, $84,084; bal., def., $33,884.— (V. 65, p. 1114.)
.
.
RAILWAY STOCKS AND BONDS.
60
[Vol. lxxxi.
Bonds— PrinoiINTEREST OR DIVIDENDS.
Miles Date Size, or
pal.When Dne.
Amount
Par Outstanding Rate
When Where Payable, and by Stocks— Last
of
column headings, &c. see notes of
For explanation of
Per cent. Payable
Whom.
Road. Bonds Value.
Dividend.
on first page of tables.
RAILROADS,
,
Galv.Bar.di
56
#an An.(Oon.)— Gal.Hou.&No.lstM.,g
1900
1904
1896
GtorgiaFlor.d Alab.—1st M., $1,100,000, g.. '»a.o" Text
98
Georgia Midl'd Ry.— 1st M., g., $1,650,000, int. gu.
Georgia Pacific— See Southebn Rt.
307
Georgia Railroad <& Banking Co. Stock
c*
>• 1897
Bonds, refunding, not mortgage, currency
1880
o*<fcr
mmmm
Bonds, not mortgage, currency
1882-7
Bonds, not mort., cur., $200,000 are 5s of '870*4*
—
Ga. South.
& Fla.—Ut
pref., red. aft.
June
1,
1905
5 per cent
C
1st mortgage, gold, $4,000,000. IHeBa
c*<fcr
1st consol. M, $10,000,000, gold. IV
Equipment trusts, $18,000 due semi-annually..
Gettysburg <& Harrisburg— Bo. Mt. 1st mortgage
Gettysb'g & Harrisb'g 1st mortgage, old issue.
Consol. mortgage, $565,000, gold, see text
Gila Valley Globe <6 North'n—lBt M., g., text.. Trip
Goshen & Deckert'n— 1st & 2d M. ($60,000 are 2ds)
Gouverneur dk Oswegatchie-lBt M.,g, gu. p.<fc i. V n.c
Gr. Rap. Belding <£ Saginaw— 1st mort., text, gold
2d
pref., $1,084,000,
.
Grand Rapids
<t
Indiana
Text
285
392
1895
1902
1902
....
mmmm
....
1882
35 1891
125 1894
12 1888-9
13 1892
28 1899
Ry.—Btoete., $6,000,000.0'
.
c*
335
IstM., mostly 1. gr.,g.,ext. in 1899
c*
335
1st mort., extended, gold, guar, by Pa. RR
o*
387
2d M., $5,000,000, g
Gr. Trunk Pac.— 1st M., *, gu. Can. Gov't, text c<fcr 1,700
Prairie Section M. (ser.A) £2,100,000 ) gu. p &i. 1,200
POO
Mountain See. M. (ser. B) £2,< 5O,0C0> by Gr'd
220
} Trunk.
Lake Buy. Div. 1st M., $1,540,000
1891
1891
1896
1905
1905
1905
1905
5
g.
J.
4
g.
&
$800,000
1,465.000
2,000,000
500,000
£or$
91 1882
N.Y.Tex.&Mex IstM ,g.,$or *,gu.by So.Pao Fc
1,000
50 1883
Galveston Houston & Hend. of 1882— 1st M., ITIe o*
1,000
16 1899
Genesee <b Wyoming Rti.— 1st M., g., $500,000. K..
Georgia <£ Alabama— Ga. Carolina dt North'n—See Seab. Air L ine Rt.
A.
A.
A.
5
5
See text.
1,650,000
1,000
1,000
5
3
100
g.
&
&
&
g.
g.
11 in '05
5
6
4,200,000
1,000,000
1,000,000
500,000
100
684,000
100
1,084,000
1,000
3,801,000
1,000
2,000,000
252,000
1,000
1,000
100,000
1,000
250,000
1,000
215,000
1,000
1,508,000
246,500
500, &c
300,000
1,000
1,000
260,000
100
5,791,700
1,000
920,000
1,000
4,455,000
1,000
3,962,000
£100*c £3,201,000
£ iOO&c £1 646,000
£100 c See text
1,000
1,000
1,000
5&6
g.
g.
4ia
5
6
5
Jan.
Apr.
Apr.
N. Y., Manhat. Tr. Co.
N.Y., J. P.Morgan <&Co.
July
Apr.
J.
& O
Q.-J.
t
J.
J.
J.
5 in 1905 M.
4 in 1905 M.
5
4
N.Y.,So.P Co 120 B'w'y
N.Y.,S Pao.Co :London.
O. N. Y.,Mero. Trust Go.
O N. Y., Knick. Trust Co.
J.
&O
J.
J.
&
&
&
&
&
&
Apr.
1,
1,
1,
1,
1930
1912
1913
1929
1, 1954
1, 194fc
Augusta; mail'd to N. Y Oot. 16,'05,2%
Jan. 1, 1922
J. N. Y.,Am. Ex. Nat. Bk.
J. N.Y.,Am. Kx.Bk.&Aug.
J. All Augusta; 6s in
Jan. 1, 1910
Jan. 1, 1922
N. Bait. M.T.&D.Co.&N.Y. Nov.) 5, 05,2i«
N.
do
do
Nov 15 ,'05, 2
J. Balt.M.T.&D.Co.& N. Y. July 1, 1945
NY.
do
& J.
do
& S. New York, B'air&Co.
A. & O. Phila., Reading office
A. & O. Phila., P. & R. office.
do
Various
do
M. & N. N.Y.8.Pao.Co.l20B*w'y
M.
July
1,
1952
Mar.'06,Sep'ia
Apr. 1, 1898
Oct.
Oot.
1,
1,
1912
1926
Nov. 1, 1924
1928-29
Various N Bk OrCo,Goshen,N. Y.
June 1, 1942
5 g. J. & D. N.Y., Gd. Cent.Station
5g. M. & S. Int'l Trust Co., Boston. Mch. 1, 1924
3 in 1905 A & O. Of., Gr. Rapids, Mich Oct. 25/05, 11*
3ia g. J. & J. N. Y., Winslow, L. <te Co July 1, lfc41
do
do
July 1, 1941
4%g. J. & J.
Philadelphia, Pa.
4g, A. & O.
Oot. 1, 1936
,
& J. Lon.&N Y ,Bk. of Mont Jan. 1, 1962
3, $ or £ J
4
Apr 1, 1955
A- & O
London, Co's office
Apr.
4
A. & O £
^orBk. of tlont. N.Y ! Apr. 1, 1955
4
£100&0 £1,3*8,000
A. & O
1, 1955
a There are also $53, 000 not guaranteed.
Ry.—See Gal.
?*
Harrisb. & San An.
Y.,to Pittsburg & Lehigh
Jot., 11 miles; Retsof Jet. to Grelgsville, 4 m.; branch, 2 m,; total, 16
m. Stock, $500,000: par of shares, $100. Dividends from Oct., 1899,
to 1902, inol., 5 p. c. yearly; 1903, 8; 1904, 8; 1905, >ot , 2 p. o. Year
1903 4, gross, $127,391; net, $75,859; int. and taxes, $27,691; dividends (8%), $40,000; bal., $8,168. Pres't and Treas.. E L Fuller,
Soranton, Pa.; Sec, H. D. Fuller, 170 Broadway, N.Y.— (V. 76, p. 1*48.)
Alabama Ry.— Owns Cuthbert, Ga., to
Georgia Florida
Tallahassee, Fla., 107 miles; in Apr 1905, extension was proposed
from Cuthbert northerly to Columbus. 64 miles. In May, 1905, conIn Apr,
tract was let for branch from Havana, Fla., to Qulnoy, 11 1«
Georgia RR., Tallahassee, Fla., to
1904, the Carrabelle Tallahassee
Carrabelle, on the Gulf of Mexico, 50 mile", was acquired. The C. T.
& G. had outstanding $1,000,000 stock and $500.00 6 per cent bonds
due 1914, int. due J & J. V. 80, p. 2457; V. 78, p. 1549; V. 7", p. 151:
V. 75, p. 29. Stock. $350,000; par, $100. In 1904 a mortgage for
$1,100,000 was filed for|«xtensions, purchase of Car. Tal. & Geo. and
immediate refunding of outstanding $>50,OGO bonds. V. 79, p. 2085.
For year ending June 30, 1904, gross, $205,411; net, $64,174;
total deductions, $46,r>43; bal., sur., $17,531. Pres. J. P. Williams;
8ec. and Treas., J. O. Hatch. Office, Savannah, Ga.— (V. 80. p. 2457.)
per mile ($1,508,000 outstanding), are guaranteed, principal and interest, by South Pacific Co
V. 69, p. 27: guaranty in V. 68. p. 232.
Dividend.— Dividend, 1901, 4 p. 0.; 1902, Jan., 4 p. c; none since.
Year ending June 30, 1904, in V. 79, p. 1460. viz.: Gross, $4*7,047;
net, $246.08*:; Int., $7.- ,575; bal., surp., $170,505.— (V. 79, p. 1460.)
Gouverneur A: Oswegatchle RR.— Owns from Gouverneur to
Ed *ards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—whioh guarantees the bonds. See V. 55, p. 810 and
56, p. 501.
Grand Rapids Belding
Saarluaw RK.— Freeport to Beldlng,Mich.,2r> mile. Mortgage is for $260,000 on 28 mUes and$9,000 per
mile for additional construction. Leased for 30 years from Jan. 1.
1900, to Pert Marquette RR. (which owns all the capital stock) rental
covering interest.— (V. 70, p. 39.)
Grand Rapids A Indiana K.y.—(See Map of Pennsylvania RR.)
—Owns from Fort Wayne, Tnd., to Mackinaw City, 367 miles; branohes,
47 miles; total owned, 414 miles; operate* the following roads but has
not assumed the old company's lease* thereof: Cincinnati Rlohmond &
Fort Wayne RR., 86 rn.; Traverse Cif RR. (nearly all the stock and all
tt>e income bonds owned), 26 miles; Muskegon Grand Rapids & Indiana
RR..41 "lies; trackage, 7 miles. Traverse City Leelanau & Manlstlque RR Traverse City to Northport, Mich., 30 miles, see V. 74, p.
Georgia Midland Ry.—Owns road from Columbus to MoDonough,
Ga., 98 miles. Leased from July 1, 1896, for 99 years to the Southern
Railway Co. for $49,500 annual rental (being interest on the first mort?age bonds, etc.,) and $2,500 for Columbus terminal property. Stock
s $1,000,000, owned by Southern Railway Co.— (V 63, d. 361.)
Georgia Railroad.— Under this name are operated the lines leased
History.— Sucoessor Aug. 1, 1896, of Grand Rapids & Indiana
Railroad, foreclosed under second mortgage per plan In V. 63, p. 153.
Stock.— Stock, $6,000,000, of whioh Pennsylvania Interests are supposed to own all or nearly all. PennsylvaLla Co. on Jan. 1, 1905,
owned $2,902,600. V. 74, p. 96.
Dividends.— 1900, 1% 1901, 2; 1902 to Oot., 1905, 3 p. 0. (yearly).
Bonds.—The first mortgage bonds extended at 4i* per cent are endorsed with the guaranty of the Pennsylvania RR. Co. to purchase the
coupons as they mature, and the bond itself at maturity. They have no
lien on land grant. See guaranty V. 56. p. 649; V. 69, p. 1193. Of
the 2ds $3,687,000 were owned Jan. 1, 1905 by Penn. RR.
Earnings.— For 6 mos ei ding June so, 1905. gross, $1,603,179,
against $1,512,846 in 1904; ner, $161,590, against $184,728.
Report.— Report for ii»04 was In V. 80, p. I4v0. In Ui04 carried 2,253 542 tons freight, of whioh 42 p.o. was lumber, etc, and 16 p.o. ooal.
Tear end'g Dec. 31.
1904.
1903.
1902
1901.
Miles operated
415
430
430
430
Gross inoome
$3,302,347 $3,401,654 $3,196,738 $2,871,782
7K4.470
Net over exp'sA taxes
698,833
621,859
700.713
Interest oharge for 1904, *39l,085; oth. deductions, $*0 798; divldeno. (3 p. 0.), $173,730; bal., surp., $6,246.- (V 80, p. 1420.)
Grand Trunk Pacific Ry. (See Map).—This new trans-contineutal railway across Canada has received ttie approval of the Canadian Government, and will be carried through with the joint financial support of the Government and tne Grand Trunk Ry. Co or Canada. It will consist of a main line of au estimated length •! about
3 500 miles from Moncton. New lirunswlok, t a port on the Pacific
Ocean at or near Port Simpson, B. C, with branch, 220 mi es, viz.:
1. LEASED LINE, TO BB BUILT BY CA NADIAN GOVERNMENT.
MILES.
... 1,800
Ka»tern Division. Moncton, N. B.. via Uuebec to Wt ntpeg, about.
[To be le-ised for 50 ye«rs to (irand Trunk P cifl R». 1; .—for first 7
yours at cost of opernt ma only an<i tor remain! g 4< yeirs at p. c. on
Gal.
Horn.
Genesee
&.
Sc
North.
Wyoming RK.— Retsof, N.
<
&
,
m
&
<
from the Georgia RR.
& Banking Co.— which see.— (V.
1260.)
Georgia Railroad & Banking Company.—Owns from
Augusta, Ga., to Atlanta, Ga., 171 miles; branohes to Washington
and Athens, 58 miles; Maoon & Augusta RR. (proprietary road), Camak,
Ga., to Macon, Ga., 74 miles; trackage, 4 miles total, 307 miles.
Okganization. — Owns also one-half the stook of the Western Railway
of Alabama (the Central of Georgia Railway owning the other half),
and a 47 per cent interest in the Atlanta <fe West Point (whioh see).
Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,000 first mortgage 4i« per cents of Western Railway of Alabama.
67, p.
;
In April, 1881, the railroad (307 miles) and its Interest in the othei
railroad companies were leased for 99 years to W. M. Wadley and
associates, for the Central of Georgia and the Louisville & Nashville, at
$600,000 per year, but in April, 1899, the L. & N. was held to have acquired all rights under the lease; the Atlantio Coast Co. In July, 1899,
acquired a half interest. V. 68, p. 722; V. 69, p. 385 ,591: V. 70, p 125.
Dec 31, 1892, the banking deoartment was *urned oyer to " Georgia
ailroad Bank," a majority [$198,200] of whose stock is owned.
'89 to Oot 1905.
'82. '83to'87.
'88.
> '81.
Dividends—
11 p. o. yearly.
Since 1880, P. Ct. S 9i« 10H 10 yearly 10%
Gross, $41 *,334; net, $110,191
Earnings.— 307 miles, ) 1905
Gross,
368,222; net,
86,212
July 1 to Aug. 31.— 2 mos. $ 1904
Railroad earns, for year ending June 30, 1905, gross, $2,481,207; not,
B. Co., $600,$739,965; divs. reoeived, $54,619; rental to Ga RR.
000; oth. payments, $111,011; balance, sur., $83,482.— (V. 79, p. 1704.)
Georgia Southern
Florida Ry.— (See Map of Southern Ry.iOwns from Macon, Ga., to Palatka. Fla., 285 miles; on Nov. 1, 1902,
purchased Atl. V.
Ry., Valdosta, Ga., to Jacksonville, Fla., 107
miles; trackage into Jacksonville. 3 m., total, 395 miles. Also owns
one-eighth of *tock of Jacksonville Terminal Co. V.77,p.62d. G.8.
& F. common stock is $2,000,000.
History.—A reorganization of the Georgia 8. & F. Railroad, sold in
foreclosure April 2/95. (Per plan In V. 60. p. 928; see also V. 59, p. 551
Macon & Birmingham Ry., La Grange to Macon, Ga., 105 m., is owned
by same Interests, but operated independently. V. 78. p. 702. (n Oot.,
1903, an interest In the stock of the liawkinsvllle A Florida Southern
Ry.. Worth to Haw kinsville, Ga., 44 miles, was purchased, $310,000
first mortgage 5 p. o. bonds being guaranteed, p. & 1. V. 79, p. 2585.
Dividends.— On 1st pref .,'96, 4 p. c; '97 to Nov., 1905, 5 p. o. yearly
On 2d pf. in '97, 2 p. c; '98, 3; '99, 3; 1900 to Nov., 1905, 4 p. o yearly.
Bonds.— 1st mortgage of 1895 (bstraot V. 61, p. 429) provides that
the $684,000 first preferrea stock shall be a lien second only to the
.
&
&
&W
bonds and coupons.
The first consol. 4s of 1902 are for the authorized amount of $10,
000,000; of whioh $4,684,o00 are Issuable to retire the $4,000,000
fives and $684,000 first preferred stock, and $3,316,000 are reserved
for future requirements. V. 75, p. 980.
Gross, $294 47 1; net, $73,274
Latest Earn'gs.- 2 mos., J 1905
Gross, 266,644; net, 61.194
(1904
July 1 to Aug. 31.
Annual Report.— Fiscal year ends June 30. Report for 1903-O4
was in V. 79,p. 2585. In 1904-5 gross, $1,714,702; net, $402,317; other
Income, $17, .-93; int. on bonds, etc., $284,233; div on stoon «77,5b0;
Pres., Samuel Spencer, N. Y.— (V. 81, p. 1242.)
bal., sur., $58,117.
Harrlsburg Ky.—Carlisle to Gettysburg, Pa., 31
Gettysburg
miles; branch to Round Top, Pa., 3 miles. Tne Reading Company owns
$540,700 of the $600,000 capital stock, $535,000 of which deposited
as part security for Its general mortgage of 1896. The consol. 5s of
1891 were guaranteed by Phila.
Read. RR. (foreclosed 00.).
Gila Valley Globe & Northern Ry.— Bowie, Ariz., to Globe,
125 nriles. Stock, $2,000,000, of which Southern Pacific Co. owns
#1,100,900. V. 71, p. 1314. Par, $100. The bonds, limited to $15,000
&
&
V
&
777;
V
,
76, p. 811; V. 78, p. 1444.
;
>
•
•<
cost of oonwfructl'n. bin nu'ijeit to p ovi«iorjs In V. 8
p.
,
9n7.]
Westkkn Division, to be Built and Owned bv Company—
a. Prairie Section Winnipeg to Rocky Mountain- about.
b. Mo main Division, Rocky Mountaius to Pacific Ocean at or near
Port Sim p»on, ab ut..
3. Lake*upkri 'RBka^ch to be Built and Owned by Company—
2.
Thunder
ol
li
\
.
BOO
on Lake Superior to Junction with Eastern Division east
Winnipeg
Total of
1,200
all,
220
.
not including sundry proposed branches
3,720
Organization. —Incorporated by Canadian Legislature In 1904.
See full statement as to enterprise in V. 80, p, s»96.
Stock. - Authorized, $45,000,000 (par of shares, $ 00 each), of which
the $25,000,000 oommon will be owned by the G and Trunk Ry.
Bonds.— On condition that the Grand Trunk Ry. Co. of Canada
guarautee 2 1 mortgage bonds to provide the balance for the <'Onstruotlon of the Western Division of the line, the Ca iadlau Government
undertakes to guarantee fit at mortgage bonds bnarlng interest at 3
p. o. for an amount up to 75 p. o. of the cost of construction of that
division, such umount (a) In the case of the Prai'ie Section not to exceed $13,' 00 per mile, or £3,210,000 in all, and (b) three-quarters of
whatever the cost per mile may be from the mountaius to Paoidc Coast,
3 >.i; V 81, p. 613.)
oalled Mountain Section. (V 80, p. 9 »ti, t234
Series "A" (Prairie Sectton) bonds, total Issue limited to £2, 00,000,
and Series "B" (Mountain Sectoni bonds, not to exceed «2,050,<>00,
are seouied by a 2d mortgage (National Trust <'o , Toronto, trustee)
on the railway, equipment and tolls of the company, including its
leasehold interest in the Eastern Division, bu not branch lines exceeding 6 miles in length, ships, grants of lauds (other than for railway purpoHes) and the rolling stook of the Eastern Division or of the
abovw-mentloned branoh lines of ov r 6 miles. These bonds are
unconditionally vuar»nteed as to principal and interest by endorsement on each by the Grand Trunh Ry Co. See tortn In V. 80, p. H96.
Although the moruage to secu e the a p. c. bonds guaranteed by the Oovarnment will rank betore t»e mortgage to secute tin u >nds guaranteed oy the
Grand Trunk Ky. "f Canada, yet an agreement schedule to ao Aot of 1904
provides to he effect that in the event of default by the company for five
years In payment of the Interest on the 3 p.o. bonds, the remedy of the
1
1
1
—
>
RAILWAY STOCKS AND BONDS.
Oct., 1905.
|
RAILROADS.
Miles
For explanation of column headings,
on first page of tallies.
<fec,
Date
Size, or
of
of
Par
see notes
Road. Bonds Value.
Grand Trunk Ky.—Consol.
o.
2d preference stook, £2,530,000
3d preference 4 i>er oent stook, £7,168,055
Debenture stock, £4,270,575
1873-4
1873-4
]
1
oum
Consol. debenture stock (col. trust),
2d equipment M. (subject to 1st M. In trust) .0 J
o
Great Western perpetual debenture stock
o)
Northern Ry., 3d preference A & B bonds
Debenture stook, 4 p. c, perpetual, £425,850. s
1874
1874
1869
3,512
[
.
836i« Var.
Midlandof CanadalstM.,sec*tonal,£525,OOO.o
455
Consol 1st M., £3,164,700
of
66
Grand lrunk West'n— Northwest Gr. Tr., 1st mort
1st M., $15,000,000, lnt guar., g., $ (cur.) & £.F 3265
2d M., lnoome, g., $1,500.0C0, red. (text)... .Col. 3265
Gt Northern— Bioob, $150.000,000
W
205
Willmar ASi'xF'lls 1st M.,g.,gu.p.<fel,(end)Ce.c*&r
Minneapolis Western 1st mort.. gold, guar
o
2
5
6
F.
A.
347,990
426,200
4
5
F.
1.016,500
5
$563,000
£100
1879
1880
1883
1883
1887
1890
1901
1903
1882
1888
1898
1887
1888
1891
-
2,723,080
14,600
$500
& Man.— Stook.orig.
$20,000,000.
8t.P.M.&M.2d(now 1st M.)g. does not cov. l'ds)o* 624
Ce.c* 1,221
Dakota Extension 1st M., gold
<now l8t M> on land9) 8° Ce 2,655
°*M.ooo;doo \
\ 2,655
Montana Exten. 1st M. ($25,000 p. m.),g.Ce.o*&r 420
818
Pacific Extension M. £6.000,000, gold Ce .o*<fcr
C.B <feQ.c'l.tr.M.g.(su.tocall 4f.Ja.'06atl05)S.o&r
Sterling io-in (represented by ctfs. of participate
3
Minn. Un.RR.lstM.,g.,gu.($65O,O0Oare5s).« e.o*
72
East of Minn. 1st M. ($50,000 p. m.), g.,gu.Ce.o\fcr
No. Div. mort., $15,000,000, gold, guar.WIe.o*<fcr 299
Mont. Cen. 1st M.,g. ($6,000,000 are 6s)gu.C!e.c&r 260
Paul Minn.
Outstanding
INTEREST OR DiVlDUNUs
Rate per When Where Payable, and by
Cent.
Payable
Whom.
£100
£100
....
.
8t.
100
1868
1884
1878
1882
1880
1900
1900
490%
Amount
6L
£100 £22,475,985
£100
6 929,315 4 In 1904 A. & O. Cheok from
do
£100
3,420,000 5 for '04 A. & O.
do
£100
2,530,000 5 for '04 A. & O.
do
£100
text. Yearly.
7,168,055 See
J.&J. 14
£100
5
4,270.375
Q.-J.
£100 15.H5.991
4
J. & J.
£100
373.000
6
1882
1884
stook, £23.318,309..
guar, stock, non-cum., £10,000,000
1st preference 5 per cent stock, £3,420,000
4p
—
14,437,000
6
4
J.
J.
J.
M.
g.
&
&
&
&
&
&
&
J.
J.
J.
None ever pd.
1905.2%
Co.'s office, Oct.,
do
do
do
deposited as
o<
London or New York.
1 p. o. paid 1904-05.
$500
1,500,000 Up to 4% July.
$100 124,413,10«) 7 In 1905 Q.-F. N. Y.Offlce,32 NassauSt.
do
do
Q.-F.
100
6
C353.500
6.75<*,000
1,000
6g. A. & O. New York and London.
M. & N. N. Y., 32 Nassau St.
5,057,000
1,000
do
do
13,344,000
1,000
6g. J. & J.
do
do
4ifig. J. & J.
1,000
19,322,000
do
do
1,000 a 10,185,000
g J. & D.
S g- J. & J. N.Y.&Lon., Baring Bros
£100 Ac S>£ 1,000,000
4
New York, etc
$1000&c 215,223.200
4g.
ir
J. & D. London, Boston & N. Y.
$& £ £1,500,000
5
1,000
$2,800,000 5&6g. J. & J. N. Y., 32 Nassau St.
l.OOO&o
4,700,000
5 g. A. & O. N.Y.32 Nas.; Bos.,Lee,H
1928-1948.
do
l.OOO&O d5, 000,000
do
4 g- A. & O.
1.000&0 10,000,000 5&6g. J. & J. N. Y., 32 Nassau St. July 1, 1937
1.000
3,646,000
5 g. J. & D. N. Y., 32 Nassau Street. June 1, 1938
1.000
500,000
5 g. J. & J. N.Y.&Lon., Baring Bros July 1, 1911
-
Pao. Extension bonds,
b £2,000.000 additional held
c All except $353,500 owned,
Hat. for 2 year loan, due Dec, 1905.
d SubJ. to call aft. April, 1928. H Coupon bonds J. & J.; reg Q. J
8hall be to put In a manager to operate the Western Division an
to collect and distribute net earnings vnri vastu, between the holders of th
bends u uarant ed r>y tbeGovemment and the bol 'erg ot tbe bonds gua amend
by the Grand Trunk Kv. > o. in he proportion of 75 p. c. of such earnings to the
holders of ibe G vernment bonds and 25 p. c. to the holders of the bonds of this
division gua'ant^ed by th« Grand Trunk Kv. Co.
The mortgage deed to secure the 8eries "A" and Series "B" bonds will provide t^int separate accounis shall be kept of the tolls, earnings Incomes, rens
1
profits of th<» Pr trie Section and the Mountain Bee ion, and that in the
event of the trustee exercising the right of entry or -ale thereoy given In case
Of de'ault bv the company, the moneys arising from each particular section
and tradable for the purpose sha'l. subject to the payment of tne working
expenditure of the section, be applied first in pavment of any interest or principal due on the ootids issued in respect of such section.
Lake Superior branch bonds, total issue limited to £1.550,000. are to
and
mortgage on all the 22<-mile Lake Superior
Div. and are guar. prin. and int. by Grand Trunk Ry. Co. (V. 80, p 996.)
General Finances.— In February, 1905, Speyer Bros, in London,
etc., off-red at 99 *« £3,004,000 4 p. 0. [2nd] mortgage sterling bonds
due 1H55. viz., £1.646 000 series A (Prairie Section) bonds and £1,358,00< Lake Superior branch bonds, all guaranteed iy the Grand
Trunk Ry. Co. (See V. 80, p. 996.) In March, lwt 5, N. M. Rothschild
& Sons ottered at 5 £3,200 000 first mortgage 8 p. c. ster ing bonds
guaranteed by the Canadian Government (V. 80, p. 1 <s34. 1363; V 81,
p. 507). The Prairie Section running through great wheat belt is expeottd to be completed in 1910 and Lake Superior branch in 1908.
Officers — Pres Charles M. Hays. Montreal, Can.; Sec, Henry
Philips; Treasurer, Frauk Scott —(V. 81, p. 507, 777, 975.)
fir?t
>
;
.
Grand Trunk Ry. of Canada.— (See
Montreal, to Chic,
111.;
REPORTED SEPARATELY/.
Miles.
2,961
Lines owned
Leased—partly ovmed—
Atlantic & St. Lawrence, Portland. Me., to Island Pond, Vt...
Buflalo \ Lake Huron
1
I
166
164
& Mackinaw!
63
ZOi
Haven
I
1
Otherlines
Total in earnings
Car ferry, Grand
Hap.)— Quebec, Can., via
also to Portland. Buffalo. Detiolt. Toledo, etc:
SYSTEM PROPER.
Clncln. Sag.
I
Majority Stock Owned.
Central Vermont IT
Miles,
581
Grand Trunk Western T
S86
Entire stock owned.
Detroit Grand Haven & MilT
Tol. Sag. & Muskegon
Jointly owned
Detroit & Toledo Shore Line
189
96
79
Total road
1,766
3,635
TSee separate statement this Co.
to Milwaukee, opened 8ept. 15, 1903.
Organization.— A consolidation, In Aug., 1882.
As to Grand Tr. Pao. Ry., see that company above. V 79, p. 2587.
The company on Sept 30, 1905, began operating Canada Atlantio
Ry. aDd guaranteed, principal and interest, $16 Ooo.OOO four per
oent 50-year gold bonds, of which $2,u00,t 00 will be reserved tor
future oapi al requirements, and the remainder will replace all other
indebtedness by maturity V. 79, p, 967, 1331, 1641. 2455, 2620.
Stock, Etc.— 1 he authorized capital on Deo. 31, 1904 was £46
436,364 stock (£42,223,355 issued and £4,213,00 * unissued), advance*
from the Canadian Government In aid of construction amount to
£3.111,500.
Perpetual consolidated 4 per oent debenture stook
authorized by Act of 1882 and later Acts, has been Issued from
time to time to acquire securities of oompanies consolidated and con
trolled, amounting Deo. 31. 1904, to £8,M94,188, and bearing an an
nual interest of * 434,583. V. 71, p. 84. Guaranteed stoeb, £750,000,
was subscribed In Oot, 1903 and £500,000 In ^rfay, 1904; V. 78, p.
1962.
Dividends—
For
Guar. 4% stock.. P. 0.
lstpreferred
P.O.
2d preferred
3a preferred
'98.
'99.
'00.
2
3
4
5
4
5
3M
3
P.O.
.
by
Gt. North'n
,
Government
be seoured by a
I
& Co., London.
a $11,502,000 additional pledged for
Is
Oct 1905.2»fl%
Oct.". 905,2 »«%
Mar23,'04,2%
Irredeemable
Irredeemable
July 1, 1919
Irredeemable
Irredeemable
Irredeemable
May 1, 1908
-Ian. 1, 1912
Jan. 1, 1910
July 1, 1950
July 1, 1950
Wov. 1, '05, 111
Nov.l, '05, 1*9
Oot. 1, 1909
Nov. 1, 1910
July 1, 1933
July I, 1933
June 1, 1937
July 1, 1940
July 1, 1921
Deo. 1, 1905
July 1, 1922
Apr. 1, 1908
f
Glyn, Mills, Currie
A.
O.
A.
N.
BuiulH— PrinciDue.
Slocks— Last
Dividend.
pal, When
P c
44 44
'01.
5
'02.
'03. '04.
5
5
5
5
1
4
1905
To July 2
5ToJuly,'2i*
2
5 To July 2»a
In Apr., 1905, mil dividends for entire year 1904 were paid on first
and second pref. stocks. V. 80, p. 871.
Earnings 2 mos., (1905
Gross, $5,185,741; net, $1,660,449
July 1 to Aug 31. S 1904
Gross, 5,099.119; net, 1,652,177
For 6 moe. ending June 30, 1905. gross. £2,729,007, against £2,559,316 in 1°04; net £805,570, against £663,747; net charge*. £510,123;
advances, £10.4 4; div (2 p o on guaranteed stock. * 135,597; on
1st pref stock, (2 s. p .), £85.420; on 2nd pref stock (i, p o
£63,210; adding £6 618 balance on nand Deo 31, 1904, leaves'
balance to carry forward June 30 1905, £7,423,
Report.- -Statement for 1904 was in V. 80, p. 1909.
)
)
Tears ending Dec. 31
gross earnings
Transportation expenses
Net earnings
Total net Income
1904.
1903.
£5,639,130 £5,916,548
4,10o,660
4,20a, 1 15
£l,,-^8,470 £1.707,433
£1,787,232 £1,891,170
Rentals
155,206
155,206
Interest on b'ds and deb. stk.
1,070,505
1,068,690
Advances to controlled roads
4,^07
13,901
Dividend on guar, stook
(4%)255,5o2 (4%)214,160
Do on 1st pref. stock
(5%) 170,842 (5%) 170.842
Do on 2d pref. stock
(5%>12tt,420 (5%)126,420
Do on 3d pref stook
(2^)143,^93
Balance
sur.£3,920 def.£l,342
.
1902.
£5,189,079
3,578,433
£1.610,64«
£1,811,658
155,206
1,066,152
16,768
(496) 208,792
(5%) 170.840
(5%)126,420
il%> 71,649
def. £4,167
President, Sir O. Rivers Wilson, London; Second Vice-President and
aeneral Manager, Chas. M. Hays.— (V. 81, p. 507, 1043, 1174.)
r.rand Trunk Western Ry.— Owns from Port Huron, Mich., to
Chio. & West. Ind. RR., 330 miles, and trackage Chicago & West. Ir>-
diana, 5 miles; total, 335 miles. Stock, $6,000,000, all owned by Orand
Trunk. 8uocessor(V. 69, p. 954; V.71, p. 28) of (ihl. & Gr. Tr. foreclosed
Bonds.—The Grand Trunk unconditionally guarantees the interest
on the new 4s. Of the 4s, $563,000 are reserved for Northw. Grand
Trunk 6s. The new incomes are subject to oall at 85 and any interest
then due. within the first 10 years. Int. on incomes, 1% paid on July
coupons in 1902 to 1905. incl. Jointly with Toledo 8t. Louis & Western
guarantees Detroit
Toledo Shore Line bonds. V. 76, p. 653.
Earnings-11 mos. ) 1905
Gross, $4,686,339; net, $691,074
July 1 to May 31. J1904
Gross, 4,913,139; net, 699,379
Year ending June 30, 1904, gross, $5,289,245; net, t>756,213; charges,
$742,976; 1% on inoomes, $15,000; def., $1,763. (V. 81. p. 1174.)
Great Northern Ry.— (See Maps.)— In Feb., 1890, leased the
8t. Paul Minneapolis & Manitoba for 999 years, assuming its funded
debt and guaranteeing 6 p.c per annum in gold on its $20,000,000 stock.
In 1905 only $353,500 of Manitoba stock had not been exchanged for
Gt. No. stock. (V. 68, p. 129; V. 67. p. 1356; V. 67, p. 370, 788, 842.)
Lines leased and operated
Owned, unbonded
8t. Paul Minn. & Man. Ry.,
Seattle & Montana RR.—
St. Paul to Lowell, Wash... 1,790
Seattle to Westminster
143
Branohes in Minnesota, the
Anacortes to Rockport,
&
—
Dakotas and Montana
—
2,096
Eastern Ry. of Minnesota
Fosston to Cass Lake
Hinckley to Duluth
Hinckley to Fridley
New Dul. to Cass Lake
60
72
65
140
Missis., Minn., to Hibbing
49
Brook Pk. to Coon Creek
June, eto
109
Park Rap. & Leech Lake Ry.—
Park Kapids to Cass Lake.
49
Dakota & Great Northern Ry.—
Gra'v.toSherwood.N.D.etc 143
2
IT Duluth Terminal Ry
lTDuiuthSup.&West.Term.
5
—
Minn & Ot Northern Ry
Tuier Rlv. Falls to Greenbush, Minn
41
Montana & Great Nor Ry.—
(V. 73, p. 904, 184.)
Rexford,
Mont., to Gate-
way
9
Gt. Falls, Mont., to Sweet-
134
grass
Crows' Nest Southern Ry.—
Intern. Boundary to Mor-
Wash., eto.
70
Total operated directly... 5, 032
owned oper. separately
—
Slock
—
Willmar & Sioux Falls—
Willmar to Yankton 8. D.. 205
Garretson, S. D., to Sioux
City.Ia. and O'Neill, Neb. 228
Duluth Watertown & Paoiflo—
Watertown to Huron, Dak.
70
IF Minneapolis Un. Ry.. eto.
8
,
Montana Central
Great Falls to Butte, eto. .. 249
Spokane Falls & Northern... 203
Washington & Gt. Nor. Ry.—
Maroiis.Wanh., to Republic
eto. (V. 73, p. 904, 184) ...
69
Vancouver Victoria & Eastern Ky
NavigationGrand Forks, B.C., to Phoenix, B.C., eto
46
<fe
Total road July, 1905.. ..6,110
2d, etc, tracks and sidings. .1,380
rissey, B. C eto
53
During 1904-0i 121 miles of extensions were completed and on June
30, 1905, 330 miles ndditional were projeoted. Proposed extension to
Vancouver, see v 81. p 669. As to Portland & Seattle Ry. to be built
jointly with North Pac.V. 81, p 1100. The Union Term. Ry. of Sioux
City wil be purchased on or before Oot. 1, 1906. V 81, p (-99
Lands.— Sales for year 1904-05 were 3,940 acres for *44,918 and 52
town lots for $3,065. The net amount due on land ool tracts June 30,
1905, was $1,428,341; lands unsold, 810,637 aores, to be reduced
about 650.00«> aores by a final adjustment with U. S
Minneapolis & St. Cloud grant was 425,^4 acres; unsold July 1,
1905, 21,301 acres; sales in 1904-05 were 860 aores for $5,115.
htock.— In Oct., 1905, the authorized stock was increased from
$125,0oo,0o0 to $150,000,0 0. See General Finances below
Dividends, ) '92to 96(inclus.),*97 '98 '99 '00 '01 '02 to Nov., '05
Gt. North. 5
5ia 6H 7
5 p. 0. yearly.
7 7»a 7% yrly. q-F)
Also In 1898 50 p. c in 8eattle & Mont, stock, which was then exchanged for 40 p. 0. in Gt. Nor. pf. V. 66, p. 1044, 1188; V. 74, p. 829.
Bonds.— St. P. Min. & Man. consol. mort. of 1883 is for $50,000,000. of
whioh bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 miles of railway In Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the Dakotas, the prior liens on which average only $7,300 per mile. V.
64,
p. 518. Montana Extension mortgage Is for $25,000,000 for extensions
and for second track. A bstraot V. 45, p. 342.
Pacific extension mort. £6,000,000 provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3.000,000
of this issue (of whl<h £1,000,000 sold) were releasee upon payment of
collateral trust bonds Sept. 1, 1898
V 66. p 1044 1188; V 80 D
1111,1174 See abstract of mortgage, V. 52, p. 82.
In 1904 the Gt. Northern and Northern Pacific had acquired $107 611,600 of the Chicago Burlington & Quincy RR. $110,839,100 stook
in exchange for their joint 20-year 4 per c ut gold bonds, seoured
by the deposit of the stook In trust, on basis of $2o0 in bonds for
each $100 stock. See oiroular, V. 72, p. 871, 1034, 1135, and »vp"owannlloation to list. V. 73, p. 294, 903.
Eastern Railway of Minnesota.— First mort. oovers road, equipment
terminals and elevators. The Northern Div. $15,000,000 mortgage
,
,
'
62
RAILWAY STOCKS AND BONDS.
|
Vol.. JLXXXI.
Oct., 1905.
RAILWAY STOCKS AND BONDS.
63
<34
RAILWAY STOCKS AND BONDS
[Vol. lxxxi.
Oct., 1905.]
RAILWAY STOCKS AND BONDS
65
2
RAILWAY STOCKS AND BONDS.
6f>
I
Vol. lxxxj.
Bonds— Princi»
LNTERE8T FOR DIVIDENDS.
RA ILROAD8.
Amount
Miles Date Size, or
pal, When Due.
Outstanding Rate Per When Where Payable, and by Stocks— Last
Par
of
of
For explanation of column headings, Ac, see notes
Payable
Cent.
Whom.
on first page of tables.
Road. Bonds Value.
Dividend.
Northern — ( Concluded) —
Spokane Palls * Nor. 1ft M., g. Ma
.C*
< olumbia * Ked Mtn
1st M„ gold. SI a
Red Mountain istM. gold ITIa
..
61. Mo. Ry of Can— New con.M.,$7,962,000.Ce.text
Green Bay <£ Western RR.— stock. Bee text
•great
,
132
,
18
'6
1905
100
1896
1,000
Debentures. Class A. Incomes, text, non-oum..o*
0*
1896
1,000
,.
Class B, Incomes, after stock, non-cum
100
Greene RR. (If. Y.)— Stook
21 1904
1,000
Greenw. rf /ohnsonvilte 1 st
$500,000. g.S.C&r
1899
1,000
Guay. (f Q. —1st M.. $12,282,000, g.,gu., text « am
500
62 1893
Quit Beaumont <tK.O- lstM.,$10,0O0p.m.,g.A Be
500
62 18^3
2d niort., $10,000 per mile($176,000 are 6s) A Be
1,000
77 1900
Gulf B. A Gt No.,gold p. A 1. gu.,end.AB.text.c
100
Qulf <t Ship Island mock, $6,000,000 authorized.
281 1902 1,000 Ac
1st ref and terminal M., g sink, fund, N.. o*Ai
Hancock & atume— See Mineral Range RR.
Hannibal <& 81. Joseph— See Chicago Burlington & Quino y22 1895 100 Ac.
Harrtman it A orl > east' rn— 1 st M. gold, Ce
53
50
Hamsb. Portxm'th. Ml. Joy A Lane.—8tock,7 p. o.gn.
guar.p.Ai.Pa. RR.GP.r
53 1853 500 Ac.
1st mort. (exfd in 1883),
109
100
Conn ectieni l Western— Stock
Hartford <t
109 I8S3
1,000
1st mortgage, extended In gold in 1903
$400.00o, g.. gn p. A1
1902
Hawkiutv dt Ft. So —let
Rend+rson B'rtge Co.— See Louisville <&Nashvill e RR.
100
4^ m
Hibemia Mine RR.— Stock
100
Hocking Valley Ry. -Stock, com., $11.000.0<"0..
100
Stock, pref. non-rum. (see text), subj. ca at par.
76 1867 500 Ac
Columbus * Hocking Vallev 1st mort., gold o"
1,0<0
118 1875
Col ATol.lstM. g.iCol toWalb.)ext. 1905. *.<r
(Logan to Ponieroy)o*..
1.000
85 1830
Ohlo £- West. Va. 1st
346 1899 1.000*0
1st con - mort, $20,000,000, gold. Ce
M
,
.
—
i
Ammiial keport. — Report for 1904-05 was given at length In V. 81,
See also editorial p. 1212.
p. 1189, 124^
(1) OPERATIONS GREAT NORTHERN SYSTEM PROPER.
1W< 5.
1
4
1903.
•
$
Tear ending June *i0.
$
5.723
5,623
Aver mll> s operated
5,4»0
n1««
Gr<«f 43,' 26,0«8 940o5'."S $10, *5 647
20,5' 7,239
18.«'45,0
Hetearnings
it->,23 ,69i
54**5
52*75
52*84
P. «. at expenses and taxes...
(21 OKI- AT SO&THIRN IKCOMI ACCOUNT.
1905
Tear e-rimo In,., AO.
1904.
1908.
$18,8lr>,731 9i6,r>»<78 $17,W6 .874
Met mid-. St. P. M. A Man
:-9'..27
!»95 B91
n lion. i. ow e<
Ilitereftt
8»6> 1
973.325
Divide ds on took* owned
751.3
85 26"
...
4 i>3>
Pro* <• rcas. k our. xoid
i
11P>51
Betitflta of leaned lli e<i
Bill rr. eivatile ...
General
1
T»ThI
t.
r-
1197
1
,49!
4,0(3
£911i4
and oth-r Income.
$2M9?,291
ceip-S
Paldreital-* P * A Man
dlvi ends
Gre-t N- rtiInter- st on £ oan
Renewal, et .. funds
3' 4.
96
$l-.3i> .74x
11488-1
1,4 Hi
402.424
$l°,»n
,.''46
00 ^55
$3 9 3.6 >3
$3 99^.737
(7)8 93 8«
(7)^,688.-25 (7)8,-73.973
364 500
21 ,- 5
3.0)0,000
2,000,000
8,000 000
-t4
m
•
Balance, rurpii-s
sr $ ,13
37h sr.$3,43?,5». sr.$4, 134,636
OPERATIONS OF WIIOLh BTHTi-M
(*•>)
Tear end June30'0*.
Qr«s*.
f>rt
t-
\ne.
to/, nrt inc.
Grea ^orh-^l Ky $3>,3 e, 122 $1P,81 6,731 $1,467 060 $20.2 .791
M ntanaC ntrslHy 2.414.-34 l.l«3.68l
34 754
1, 7fl 436
W 11 ASiouxKallsKy. 1,'43.6 6
558,' 6
t>,0 3
663 3.->9
Dni.Watr.AFao Ry.
1-8,008
«8,551
)63
48.713
.
To«. Ri
.
ays.
prop
r $43.526,O a o
$20,567,239 $1,507,040 $22,074 279
367,29'
3-. 433
lr,l H
2o-,18-)
3"7,951
l*,',34
209 022
57,-82
20,632
1
20>33
32,1-3
13,500
13,500
Spok FailnANoSys.
MlnncHpol s U on.
M neapol s Western
1,17,990
1
Duluth Terminal....
Tot. for the system 4. ,032 0->4 $21,168.^56 $1,534,911 «22,708.767
From this last result <$22,7u3,767> In 19O4-05 paid total Interest
charge of all oompanien. and guaranteed dlvld'B on Ht Paul 4inuea polls A Manitoba »t<»ck, eto not o*w ne'i, a total of $5,294,855. ann dividends nl $H.» 93,8' on the stock of the Great Northern Ry. Co. and
$3 OOO.OOO for appropriation lor renewal funds.
In IVOI-H .luac nm») received t"-00,nOO (5 per cem); lo IP"0.< 1. $!.J) 0.000 112
per ce' i). noWdrD'non K.»»iern Ry. of Minn, r-toek; In 1 02 03 on Moiimrm
i>
p. n.) and In 1» a 04 and iW •
Cen' r 1 re <.ck. »2
6, |86"i. On (7 u
) and
on Wmn.ar a HI ax rain siock n 19- 2 <>3. lw :< 04 and IM14 6 « H cb »»»•. (10
OIKl*i> kks — Presiueut, J^mes J. Hill, St. Paul; 1st Vice Presldeiiit,
2d Vlce-Pres., R. I Farrlngton: 3d Vic-«- PresiHill. St Paul
LoniB
dent and Seo y, E T Nichols, New York; 4th Vic* Prue., B Campbell;
Treas 1 and Asst »e<>'y, E. Sawyer, St. Paul; Asst. Seo'y and Asst. tieas ,
N. Terhune, New York N. Y. office. 32 Nassau St
Mm. Frederick Wevernaeuier, K Sawyer Fra-kB, t*ard
Dire' torn.
J
EL ). Karrim-ton H w rminon. Saaiocl Thcri e. Lmuib W. Hill. Wm. B. Uean
-(V.wl.p 668,725.899,1100.1169, 174, I 237, I l »9.)
«.rc» 1 Niirii i-rn Hallway ot (anml •.
Owns main line
between Rlv a-Pierre, on line of Quebeo A Lake St. John Ry., to
Hawkesbury, on the Canada-Atlantic Ry., 168 miles, with running
rights ov.r l) A L St John to (Quebec 58 miles; branches, 1314 miles;
leases Chateau ^ay A Northern, Joliette to Montreal; toial operated,
275 miles. (>wns elevator car shops at Qneheo, etc V 71. p 1220
The 4s of lHOi <*7 962,' 00 authorized issue) is»uable per plan V. 79,
p. 2795, are subject to call at par during ten j ears from date,
of the
,;
.
1
W
:
;
.)
—
A
J. N. Y., Central Trust Co.
Phila., Company's Office
lag
5g. A.
1,401.000
2.44M.000
1.5*4.000
13,139,000
A
A.
6
1905 J.
1905 J.
4 g. A.
A
A
A
A
A
A
A
F.
7
M.
4*flg. J.
1,
1916
4
'05.
July 1, 1913
Aug 31,'05,1%
July I, 1923
do
Hartford.
do
O.
Jan.
July 10,
O.
4«.
.
do
J.
2
4
ain outstanding.
A J.
A J.
FAA.31
J. A J.
4
200.000
M
J.
In '05 J.
1.000,0< '0 3 In
15.0U0.000 4 In
.
from Fosston.
Minn,
of 1898 provides for extension built
to the head of lake navigation at Duluth, and also for future require
ments. including the retirement of the $4. 700.0<>0 1st 5s at maturity
They are redeemable at 105 on three months' notioe after Apr. 1, 1928
V. 6b. ii 471. Montana Central bonds cover several roads. (See adv
ChkoH. Dec. 12, 1891.) The Manitoba guarantees these Issues, ann
Great Northern assumes guaranty. See form of latter. V 74. p 680
The Will-mar dt Htonx Falls bonds are endorsed with joint and several
guaranty of the Manitoba and Great Northern jinn panics. Furthei
issues may be made at $17,500 p. m. for additional road V 56. p 247
Mtnnravoli* Western first mortgage is for $1,000,000 V. 60. p. 835
The £ I r>00,oo< two- year sterling loan d'e Dee 1. 1905. is seonred
by de-owtt of £2,<>0o.<KH> St. Paul Minn A Manitoba Pacifio extension
The certificates of participation Issued by the bankers are
Sterling 'S
V 77, p. 18'3.
in denomination or j(2oo, or $972 each
Gbmckal Finances.— Total funded debt per mile of main track (4,834
milesi in the haiiu» ui the publlo, $20,842. V. 81, p 1254. Train-load
1901-05. 522 tons
Stockholders of recor I Nov 8 are entitled to subscribe prorata at
pax for *25 OoO 000 n~<v st -ck. payable 25 p o each -n Dec. 1 8. 1905,
Jan '8 Feb 19 ami Mar. lu, is 06 the proceeds to be used In pay for
addltt nal » qi:tpment, securities of sub Unary companies acquired
and to be acquired etc v.81, p, 1174.
Bakninus.— t+reat North'n system (lncl. 8t. P. M. A M., East, of Minn,
and Montana Central) Julv 1 to Sept. 30, 1905,3 months, $12,823,34:)
against $ 1,-0 ,400 In 1904.
7ifl
1
1
.
6g.
300.000
1,182,550
700.000
2,714,000
700.000
310,000
1£39
1916
1,
1,
1,
do
do
do
D.L.AW.off.26Exoh. PI Tune. 1905.3%
N. Y., Stand Trust Co. Jan 1, 1924
N Y..USM.ATr ALon. Jan. 2, 1932
N. Y., 5 Nassau St.
Aug. 1, 1913
do
Aug. 1, 1913
do
do
do
July 1, 1930
Buffalo, N. Y.
July 15,'05,1%
N. Y.. Fisk A Robinson Feb. 1, 1952
I
,
Ja'y
July
July
19! 6
Apr. 1, 1935
40 Wall. St. Feb. I, '05,5
do
Feb. 1, '05,5
N. Y. office,
'
.
M
N Y.. Chase Na>. Bank
N. Y., 32 Nassau St.
N Y., Chase Nat Hank
New York.
6
J. & J
17«,000
6g. J. & J.
217,000
6g. J. & J.
4.962,000
4
A. A O.
Feb.
2,500,000 5 Feb.'OS
600,000 5 Feb.'OS Feb.
7,000.000
200,000
J. & D.
6
380 000
4 g. J & J.
10,477,0'M'
6 g. J. & J.
749.500
6g. F. & A.
750.000 5 A 6 g. F. & A.
78 .000
5 e J. & J
6.^00.000 4 In 1904 Q-J
< 49M' OOO
5 K. J. A J.
I $16,000 o Id 5s of 1 896 rem
$2812,000
1889 $1,000
1896
1952
See Central of N.
J. N. Y., J.P.
do
J.
do
do
do
do
do
do
do
do
do
A.
N.
J.
J.
Oct. 10,'05.3%
Morgan A Co Jul\17,
05,1>*
Julyl7,'05,2%
Oct. 1, 1948
Aug. 1, 1955
May
1,
1,
July
1910
1999
inr*8, *4, 962, 000 guaranteed principal and interest by the Canadian
Northern Ry., are Issuable to retire old bonds and pay off other liens
and dents, and the remalniog $3 00" 000, at not exceeding $20,000
per mile, for additional mileage constructed or acquired.
EARNtNOH—For year ending June 30, 1903. earnings were reported
as, gross. $369,324; def under per. expenses. $4,32 i. Report for year
ending June 30, 1002. in V 1$, p. 1352. showed gross, $524,764.
President, D. B. Hanua, Toronto ; 1st Vloe-Prest James MoNaught
35 Nassau St.. N. Y.— (V. "9, p. 245f>, 26»2, 2697, 2795 )
Green Bay 4t Xi cm tern R.— Road owned from Green Bay, Wis.,
o Marshland. Wis.. 209 miles; branches, 13 m.; trackage to Winona, 4 m.
History.— A reorganization June 5, 1896 (per plan In V. 61, p. 471,)
»f the Green Ray Winona A St. Paul, sold In foreclosure May 12. 1896.
Skcurit! ks. —There are no fixed charges on the property other than
iaxes, nor oan any be placed thereon, or the property be sold or leased
without consent of 75 per cent of stock. Class A debentures are enCitled to 2»« per oent interest, if earned, then common stock to 2ig p.c,
Chen the two share ratably but after 5 per oent has been paid on both,
iw>v 61. p. 471.
lass B honds are entitled to aU surplus earnings
b
•
R
r
;
co mittee. John H Davis. Chairman (Louis M Ogden,
25 B oad 8t., Secretary; U S TrustCo.de osilary) requested de. OSits
of *B" debentures before Oct. 16, 1 05.— V. 81. p 155, H41.
Dividknds—
(1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905.
2««
2»«
4
4
Class "A 'deb., p.c {2*
3
4
5
2>*
4
4
9took, p.
3
4
5
....
( ....
m>
Report for year ending Dec 31. 1904, In V. 80. p. 13S9, showed:
A protective
.
Freight.
1904
1903
..
$44«,s52
433,524
Fassen'r.
laaen,
Net.
Gross.
Bal.,$ur.
etc.
$14\545 $592,397 $225,945 $20,358 « 0\*87
146,070
579,594
223.432
15.143
204,289
hal. paid in 1904 on debent. "A." 5% **0 oOO; com.stoek.5%,
$125,000; in 903, on deb. " \." $24,000. and on 00m. sto k $100,000.
DiRKCTOitS.—8.8. Pawner, Pres.; Mark T.Oox, see aud lTe-i.-< to Wall
•It.; C. Ledyard Blair. J. A. Jordan, W. J. Hunt.— (V 81, p 155, 841).
From
1
.
RR.—
Owns road from Chenango Porks to Greene, N. Y.,
Oreene
W. for term of charter for 6 p. 0.
miles. Leased to Delaware Lack.
000 7 p. 0.
>ti stock.
Capital stook. $200,000; par, $100 The *>2<
A
4
A
bonds whloh matured Dec
W. treasury.
1, 19(>2, are held in the D.L
Owns from S huylervllle to
-I'vlllJohnsonvil e. 21 miles, inoluding exf> nsion fro o Greenwich to 8ohuyBonds, see
lerv He, 7h miles, completed Id 1904. Stook $225,000.
table above. For year ending June 30. 1905. gro s, $77,318; net,
$2 ,•• 47; Interest on conds, *1 5.600. dividend (4 p. 0.). $»,000; bah, sur.,
$3>4 7 President. 1.0. Blandy; Auditor, J. H. MoDanlels. Office,
Greenwloh, N. Y. (V. 7s. p. 342, 1781.)
Guatemala Ry.— V. 76, p. 265; V. 78, p. 988, 1497; V. 79, p. 902
Quito Ry.— (3'^ foot gauge )— Projected from
Guayaquil
Guayaquil to Qit'to. Ecuador, about 247 miles, with two hrauohes.
Of this, 151 miles, from Guayaquil to Rlouamba are in operation, 36
miles to Atnhato are about completed, and remaining 80 miles are expected to be about Aug., 1906 V. 81, p. 558.
Stock authorized, common, $7,032,000; preferred. 7 per oent, cum.,
$5,250,000. The bonds are guaranteed, principal and interest, by the
Government of Ecuador, scoured by a first lien on all the Customs
duties of the latter, it reoeivlng in consideration 4* p. o. of the common
Co.
stook. Interest In London Is payable at Glyn. Mills. Cnrtie
AH the bonds are purchasable for a sinking fund or 1 p. o. yearly, and
are now outstanding) are
in addition $1,014,000 (of which $417,000
subject to call at pat for a special sinking fund.
For calendar year 904 earnings were: Cross earnings. 168 019;
OHsh from Government of Equador to ay lnter-st on bond-, £121.3>»; to'al, *zi*H H9 ; o eratiuK expenses, £67 ttO; interest on bonds,
*121 :-<-18; balance, sur lus I4n.
President, Archer Ha ma 1; Vloe-Pres., T. H. Powers Fair, NewYork;
Greenwich A John*
RR.—
A
>
A
.
Gulf ll'aiin
Sec
and
I.V
K.C.Rv.—SeeSUP.
forOot.,1902;V.77.p.l225.
St— (V. 81, p. 507,
Treas., 8. H. Lever, N. Y. Office. 27 Pine
558.)
Gulf & inter-State Ry.—Pee page 178.
Gulf A ship Inland RR.— (See Map.)— Owns from
Gulfport on
Mexico, to Jaokson, Miss., 1605 miles;
48*75 miles, and Saratoga to Laurel,
branches Matte to Columbia,
41*75 miles; Mendenhall to Silver Cieek, 28*77 miles; total. 279 77
Important harbor Improvements
miles: 75-lb. rails ar>- being laid
have been constructed at Gulfport, Including an eitensivr- system of
docks, piers, etc.; also a channel 7 mileslont* extending to deep water.
From Mem enhall t<> Columbia, 58 miles, Is undei construction, of
which 35 miles completed June, 1905.
Stock Capital stook, $6,000,000 (par of shares, $100) all outstandVoting trust dissolved June 29, li 05
ing
Dividends.— Apr., 190«. to July, 1905, ino 1 p. 0. qnar.
Bonds.— Of the new 1st 5s ($5,000,000 authorized), $2,750,000 were
used to refund the old i-on-ls (only $16,000 of tne latter being now outstanding), the remainder were issued as follows: $1,000. 000 to complete the terminals at Gulfport. $500,000 for new equipment and $750,Ooo for 75-lb. rails and other improvement* to road hod and structures A sinking fund of one per cent yearly, becoming ope atlve Jan.
1905, may purchase bonds at not exceeding 1 10. but the latter cannot
be drawn. To Apr.. 1905, *47,oO» had oeen urohas-d. 8ee V. 74,
p. 426, and application to list, V. 74, p. 1257; V. 81, p, 264.
Mississippi Sound. Gulf of
,
Ocw., 1905. J
RAILWAY STOCKS AND BONDS.
67
MAP OF THE
GULF & SHIP ISLAND
RAILROAD
AND
ITS CONNECTIONS.
'ouths
trf
'ississippi
the
River
—
'
—
RAILWAY STOCKS AND BONDS.
68
[YOL. LXXXI.
Adrian^
La *1
Corbua
Shore.
f
3*<|rosvenor
MAP OF THE
{"HOCKING VALLEY
RAILWAY
!
+»»
Jraqd'fiapias/
\{,
Baling
^
.
iPemberviile
3radne\
Green
^^JJ^Malinta ^V
1^^^
olglte^-—^^ _
/Farnham ll|I=
"\ v \WcLOU
ST
-
^
'
,
MID.
ur'goon
\ %
Al\\da'f
1
Tif
/
mi
i/
r"
^
Columbus/
Grove
ci.
fc^^rlJ^r-^' /Bluff
>a
-ijUJelphos
^
/%,„ ^^~--~__«
1
Wellington
j
VChicago Jc
:
/_
^S
A
^ev^sL/
^"%\
/ c^ft^y
Wapakoneta
CeUna'
A
/
r?<
f
y^
L,
'
Crestline/
'
(OldIJVaf er
^HSrpster
bAnna
^#
PE NN^^\MansfTe|.d
-g^-
.v^Ma/tel
llevlU
'
£S?udonvflie"
f
£.
bi=-?-— -^SmrI?*/^
'Harper
O N HJEdison
Millersburg).
Ankenytown
.*
1*
GannJ
-
^lalborne
BellefftntaineJ
iKillbnck
*o°
Mt.Vernoi
p^
a
,0.
«.*.*•
CIN.
c££
S?f^\
''Qulncy
E l£A
j^Sidney
W A R r^Centreburg
o|
Coshocton}
Versailles
:re
l>?^
[\Greenville
„
Pi
Johnstown
-
,Covingron
lechanicsburg
.(Wfttarjfcy
.
V
^J
/Manchester
v
fr
Dodson>
]
ST
«
Tbornport
*?>^
Darlington
J
'Buckeye*
s.
London
{S.Charlcston
<•
v Stillwater Jc.
1)/
Eanesville
Springfield
.col.
lewark
cH
pjlis.
colOiv
/y
o
Dresden Jc.)
T.& O.C.Jc
erm>n
/Tectimseh
judlov
Falls
<
LlnwocUL.
Urbana
Lrcan
Utica
>
5"5$j&22 ua Jc
5
Gallon
fBotklns
servo
Rhervoir
flnster
*<>'
.Woostei
>>-\Rldgeway
/£•'
Rescrvoirfg^l
OrrVuie/
'Ashland,
Jed
Bucyruy.
Mt.Gilead
Grand
Stewing
Polk^.
Shelby Jc.
-non
(Shanes
Cridersville
CrestonN
,
PIT
_c«^__^vr Forest
v° ^unj/irk
Medina
\4
Greenwich
?£g§ppell
-^^q> PER/SAN tV ^S K Y
to:
New London
Shilob
SfCARE
>.'/
„oti'W f
^^jfejiell*
Borwick
H§r* Stephen
(McCutchenviiie
3>
|
•"/
/
Green Spring
JFi^dlav
"*
<A
'
nsmc/TMin
4 4w
wTS
Scott
&g
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to^n
"A
ftedfleld,^ .JgVO'»Ca.nni
^ V\./_^ Porte lU
c
zl
ol
xl
nBAshville
&*'
Lebanon
mCaN^*'
Vf!*
Kpchbour
tvC .
Jvv
ille
*$
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kenia
-.Jeffersonvlile
»
=*" ^l^V:'^5,
Allentowro
,
ibrakes-
ILLE
A G lou ster
Orbiston
tBadnte]
/
Haydenviimjw
"9 ,^( \Unlon FurnaceffiC
Adelphi^ \
Summiti
iels6nville
^Beaumont
,
StaiT,
yilopetown
j
Ne^v Plymouth/
0rl
JHILLICOTHE,
^,dM/.
reton
«yers Jc>> ~~^f'ff-vWJ'^r,
flamden Jt-^j^^Wtodclif
uueiLST&tJr '^Mjiawk's
wellstBi
,
-iV'avorlv
<»leu
Boj
Coal ton
S^'o
iHMlnertonV2^p OMEROY
^
Jackson^
7%Alice
^1V
"ifJSargcnts
^^UdJUfPort
Vinton
Hj6" yetmore
,
<o\
i
^L
(
^/CJicshii
Bidwel- v
i|Vjohnsons
Evergrelpn^
^„llla5
aM3
PLEASANT
JVBr
^
^cTotoville
dvJlFrankin
„.T.
Mills
j ^ ALLIPs ,s'
OL
o-rv^j/
ff/fIfAa\sori
OUve
.f
IFurnace
J Culberts
Buffalo
IRONTON
Greenup"
T
Midway
.Red
'''/oN^tiPET
ASrILANDV
Ca/lettsburg
Grayson^
OHIO
'Denton
•*
,C.& O.Jc.
Wlllani*
[iOulsa\
v
Rlchardso
RAILWAY STOCKS AND BONDS
Oct., 1905.]
KAILROAD8.
Date
f
on
first
1901
Hock V«7on.)K.AH.C.&C.lstM.g.,gu.red.ll0af*ll
Con. Coal 1st M,$3,soo,ooo,g gu.sf.'06,red.ll0af.'12 S
Equip, notes, payable monthly
Oar trusts, g., $80,000 seml-ann.S. (V. 75, p. 741)
Hoosac Tunnel <6 Wilmington Stock
1st mortgage, $250,000, gold.
OB
W
Texas— \ gu. p. <fe 1. by So. P.Un..c
Eoust. E. <6
1st
,*3,000,000,g. I not guaranteed
Bousl.dt Tex. O.RR.— State of Tex. pr. lien 1st 75 m.
1st M.l.gr.g.red. 110.lnt.gu. $3,456,000 pd. Ce o*&r
o*<fer
Con. M., 1. g., g., red. at 110. Int. guar.F.
Mpo'ir
Gen. M. gold, Int. guar. end
Waco & N.W Dlv., 1st M.,g.,$25,000 p.m.Ceo*&r
Austin & Northwest., 1st M.,g., gu.p.Ai.]rIi>.o*«fcr
Ft. Worth & New Orl., 1st M. (Wax. to Ft W.>.
O.Tex. & N.W.,lst M.. gu 8. Pao. (Gar. to Wax.)F
Hudson Companies—8Vk ($16 000.0. 01s 7% cum.)
Huntingdon <& Broad Top Common stook
Preferred stook, 7 per cent, non-oumulatlve
1st M., extended In 1890 (int. only in gold) .GP
2dM„ old 7s, extended in 1895, p. &i., g.)...GP
3d mortgage, consol., ext. In gold In 1895. GP.o*
Consol. car trust
14th ser. car trust, $29,000 yearly Deo. l.PeP..
Iberia & Vermilion—1st mortgage
Illinois Central— Stook, $95.040,000
Leased line 4 per cent stook, guar, (see remarks.)
I Sterling bds. old 6s ext. in 1895
let mort. of Sterling bonds, due 1905
1874 for 4s of 1886, due 1951, gold..c*&r
M
.
,
,
—
—
s%»
equally
weftii
::. c-te
o*
3s of 1895. due 1951, gold.c'Ar
3^s of 1903, due 1951, g...o*<fcr
all
Us
100
25
191
191
75
453
453
453
58
103
1892
1893
1893
1870
1890
1890
1890
1900
41
1895
1881
1,000
1,000
1,000
1,00'
1,000
1,000
1.000
1,000
1,000
1,000
1891
12
100
50
50
500
500
....
64
64
64
64
64
1854
1857
1865
1896
1899
1893
>•••
•••
•
16
1,000
1.000
1,000
100
100
4200
*200
mmmm
mmm
1875
1875
1886
1886
1895
1903
706
1,000
1,000
£200
Y-
Rarriman A
-
A
&
Hawkinxvliie A Florida Southern Ry.— Wor'hto HawkinsGa 44 miles. Stock. $100,000. of which on— half acquired in
Apr., 1904. by Georgia Southern A Florida, which guarantees bonds
,
(see table above., p> iucipal and interest. Year ending June 30, 1903,
$"9,959; net, $22,255. Pres., Bird M. Robinson, 277 Broadway;
reasurer, C. H. Reynolds. (V. 78, p. 1781; V. 79, p. 2585.)
fr.'ss,
RR.—
Owns from Rookaway, N. J., to Hibernls
Hibernla Mine
Mines. N.J. ,4>4m. Leased to Cent, of N.J. In 1890 for $12,000 per an.
Hocking Valley Railway— (See Map.)— This company owns
main line from Pomeroy, O.. to Walbridge, O., 250 miles, with trackage (Penn. RR. System) Walbridge to Toledo, 6 miles branches to
Athens, Nelson ville, etc., 73 miles; leases Wellston A Jackson Belt
By.. MoArthur Junotlon to Jackson, 18 miles; total, 347 m.; 2d track,
47 m. In Oot 1902, acquired au the securities of Zanesville & West.
Ry., Columbus to Shawnee and Zanesville, O., with branches 126
miles (of which 40 m. not owned) operated separately. V. 75, p. 906.
History, Ac— Successor Feb. 25, 1899, per plan V. 68, p. 231, of
Columbus Hock. Valley A Toledo Ry., foreclosed. The coal lands, from
which the bulk of the business is derived, aggregate about 2o,975 acres,
and are covered by the consol. mortgage. In 1899, acquired control of
Toledo A Ohio Central Ry. (which see), by purchase of entire issue of
$8,421,000 Middle States Construction Co. collateral 3s, which are
secured by deposit of the entire stock of the Tol. A Ohio Cent. Ry.,
exoept $54,100 common and $11,600 preferred (8ee V. 69. p. 1345),
but that road is operated separately. See Stock below.
Preferred Stock.— Has preference as to assets and dividends and
Is entithd to share equally with common in any dividend above 4 per
oent in any yea
V. 80, p. 1111.
Sale of Stock, Etc. In June, 1 903, $6,924,200 of the outstanding
$11,000,000 common stock was sold to five RR. companies, viz.: ihe
P. Cin. Ohio. A St. L. (two-sixths interest) and Bait & Ohio, Ches. &
Ohio, Lake 8h. A M. South and Erie (each one sixth), the owners re
oelving $103 per share above all expenses. There were lwsued by J.
P. Morgan & Co. $7,2 70, HO three year 5% gold "participation certificates," due June 28. 1906, int. payable J.&D28, scoured by the stock
acquired. The companies are obligated in the proportions named.
V. 75, p. 1301; V. 77, p 36,1225; and form of cert., V. 77, p. 1874.
Dividends.— On pref., 1900, 3 >2p.c.; 1901 to July, 1905, lncl ,4 p. 0.
per annum. On com. July, 1901, to July, 1905, lnol 3p.o. per annum.
Bonds.— The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to $->, 832,000 prior bonds, have a first
lien on all the coal lands $5,832,000 consols are reserved to retire
the existing bonds (these existing bonds, however, may be extended at maturity) and $5,645,000 for the acquisition of new property
and betterments, of which $4,438,000 sold In 1899-1904. V. 72, p. 338;
V. 74, p. 1038; V. 76, p. 1192; V. 78, p. 999. Substantially all of the
bonds and stock of the Ohio Land A Ry. Co. and the Wellston A Jackson Belt Ry., 18 miles, are deposited under said mortgage. V. 68, p.
823. Guarantees Kanawha & Hooking Coal A Coke Co. bonds. V. 74, p.
271; V. 77, p. 2*93; V. 81, p. 507; V. 81, p. 781; also Continental Coal
;
,
-.
A Tol
V. 75. p. 497, 987.
1st 7s were ext'd
50 years at 4 p. c. in 1905. V. 81, p. 211,
Latest Earnings.— For 2 months ending Aug. 31:
Gross
2 mo*.—
tfet.
Oth. inc.
Charges.
Balance.
1905
$1,080,783
$404,930
$«,895
$142,018
$271,807
1904
1,164,950
500,293
25,204
141,436
384,061
Annual Report.—Traffic is mostly freight, and over 65 p. of this is
bituminous coal. Average train-load is large—in 1905 581 tons.
Report for year ending June 30, 1905, in V. 8 p 897, 916.
Col.
.
1
1904-05.
Gross earnings
$5,725,483
$1,872,863
550,901
Total available income.... $2,327,544
Fixed charges
899,693
Dividends on pief erred
(4)600,000
Dividends on common
(3)330.000
$2,423,764
1.018,971
Net earnings after taxes
Otherincome
Balance, year's surplus....
(4)570,200
(3)330,000
1902-03.
$6,049,698
$2,211,172
686,861
$2,898,033
1,093,935
(4)560,000
(3)321,324
$504,593
$922,774
g.
J.
P.
J.
II:
4
6
g.
g.
A.
A.
M.
8*
J.
6
A.
J.
&
N. Y., 120
J.
& O
A O
A N
& J
A
& O,
do
do
do
do
A.
if
F.
A.
5 I
A.
5
4
J.
5
F.
7 in 1905 M.
J.
4
4
g.
4
g.
g.
3 g.
3i4 g.
Si*
A.
J.
J.
J.
1951
1,
Feb. 1, 1952
To July. 1908
Nov^-MVia
Deo.31.'03.2%
1922
1933
1933
Sept. 1,
May
May
1,
1,
Annually.
July 1, 1937
1912
1921
May
1930
July
1941
Dec. 31, 1925
Oot. 1, 1911
Oct.
Apr.
1,
1,
1,
1.
Phil.Of.,4thAWalnutSt Jan 28 '04, 1
July 23, '05, 3
do
do
&
A
A
&
A
do
do
do
do
do
do
O.
A
O
o
Sept. 30, 192'J
1, 1925
Moh. 31, 1925
Phila. .Merohants'Trust Oct. 1, 1906
Penn. Co. for Ins., Ac, To Dec. 1, '11
N.Y.,So.Pac.Co. 120 B'y Aug 1943
N. Y., 135 B'way A Lon. 8ept.l,'C5,3»a
do
do
July, 1905. 2%
London.
Apr. 1, 1951
Lon., Chap.. W.,G. A Co Deo. 1, 1905
New York, 135 B'dway. Jan. 1, 1951
do
do
Jan. 1, 1951
London.
Mar. 1, 1951
New York & London Apr. 1, 1951
D
Feb.
,
& O
& D
M.
A.
do
do
do
do
N. Y., 120 Broadway.
See text J
5*2 in '05 J.
Broadway.
July
& O
W
Officers.— President, N. Monsarrat, Columbus; Sec and Treas.,
N. Cott, Columbus; Ass't Sec. and Treas., A. H. Gillard, New York.
Directors—Carles B. Alexander, R. M Gallaway. Thomas F. Rvan, Pb»rles
Hiekox. Charles G. Hickox
Steele and A. H. Gillard, New Vorts: Ralph
Iluntin«ton N Monsarrat n. P. Bush,
Hnd James H. <iovt, Cleveland; P.
K. S. Warner and William N. Cutt. Columbus. O.— (V. 81, p. 897. 91«.)
W
W
Hoosac Tunnel &
llmlngton
%*
RR.— Narrow
Gauge. —
Hoosac
'funnel, Mass., to Wilmington, Vt., 25 miles. In 1904 purchased by syndicate. V. 79, p. 903. Earnings for year 1903-04, gross,
$67,421; net, $17,308; bond Interest, $12,500; dividends (2 p.o.), $5,000.
Pres., John P. Kellas, Malone, N.
(V 79, p. 903.)
Y—
Houston East A West Texas Ry.— Owns
from Houston, Texas
to Sabine River at Logansport (on Houst. & Shreve RR ), 191 miles.
Reorganised in 1896 without foreclosure. 8took $1,920,000, of whioh
$1,905,000 owned by So. Pac. Co., which has guaranteed $2,199,000 of
the oonds. principal and Interest, by endorsement, reserving the right
to redeem them at 105 and interest at any time on six months notice,
Year 1903-04, gross, $824,344:
guaranty, V 70, p. 841; V. 71, p. 236
net. $107,014; charges, $178,569; bal., def., $71,555— (V. 78, p. 2384.)
Houston A Texas Central Railroad.— f&ee Map of Southern
Pacific)— OvraB from Houeton, Texas, to Denlson, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin. 215 miles; Bremond to
Ross, Tex.. 54 m. Garrett to Ft. Worth, 53 m other 30 m.: notal690 m.
Cut off, Mexia to Navasota.'lOO miles, building in Oct., 1905.
History.—Successor April 11, 1893, to a railway oompany foreclosed Sept. 8, 1888. Reorganization plan V 45, p. 792, 820. On Aug 22,
'01, merged Austin & Northw etc. Litigatlon.V. 74, p. 680; V. 81, p. 777.
Bonds.—The bonds are being gradually reduced with prooeeds of
land sales. The first mortgage was for $8,634,000, of whioh $570,000
reserved against claim of State of Texas upon 75 miles of the road.
The 80. Pac. Co. guarantees Interest on all bonds. The first mortgage.
bonds and the consolidated mortgage bonds may be oalled for redemption at 110 with proceeds of land sales. See full abstracts of all the
mortgages In V. 52, p. 242. Of the$5,068,000oonsolidated 6s authorized
$1,149,000 (not inoluded In the amount outstanding above) are held as
part security for the general 4s There were also Jnne 30, 1904 $450,000 Lampasas extension interim 5s, all owned by So Pao Co. Stock,
$10,000,000. of which the 80 Pacific Co. owned *9,996,000; par, $100.
V 76, p. 1084, 1192, 1407. In 1902 3 a dividend of 6 p. c. was paid
out of accumulated surplus. V. 76, p. 1407. As to sohool fund claim
for $673,100. see V. 64. p 1137 V. 66, p. 471; V 70, p. 686.
;
,
;
Lands.—The lands June 30, 1904, held for cancellation of 1st and
consol. mortgage bonds, consisted of 2,170,056 acres; land contracts
outstanding were $9 J6.906. V 65, p. 869.
Earnings -Year 1903-04, gross, $5,200,072; net, $1,136,061; oth. In.
$9,"84; charges, $960,230; bal., surp., $185,615.— (V. 81, p. 1043.)
Hudson Companies.— Owns a controlling interest In the New
Yoik « Jersey (tunnel) RR which haw a tunnel railroad, opened Sept.
28 1905, from Hobok^n and Jersey City to New York, at or near
(Christopher St and in the Hu ison A Manhattan RR whtcn. proposes
to build a tunnel road from Church Street, between Cortlaudt and Fulto
streets, to a point in Jersey City near the Pennsylvania RR.
station. This oompany will finance the oonipleti n o the tunnels and
provide necessary extensions, oonneoti ns. terminals and equipment.
Upon their completion in 1907, or soon after, the tunnels wiii*orm as stem ruuning along the New Jersey shore from the Penn. RR. depot, passing under ihe Erie RR. passenger station to the Dei. Lack. ,v Western
station in Hoboken, with two arms to New York, one from the Pennsylvania station, Jersey City, the otner from Hobohen. See statements of mtrolled cos. in this Section. Has long-term contrac with
the Penn. RR for the transfer of passengers. Incorporated in New
York Jan 9, 1905. V. 80, p. 1«2. Floated by Harvey Fisk & Sons.
Stock authorized, $21,000,000, In $100 shares, of which *16 000 000
is preferred, 25 per cent paid in, the latter beinu all subsoiibed for at
par, payable in instalments of not over 25 per cent ea -h.
,
,
,
1
r
Tt>e oreierred s>ocn Is "entitled in priority to every other dividend or dlsribtition, to >eoa>ment of the amounts oaM in witn7 per cent per annum
thereon from d*te, of payment, and tn addition to one fourib of every other
divi 'end or distribution, out not entitled 10 vote for 5 year» nor until full yaid."
President, Walter i. Oakman; Trt-a^urer, H^nry A. Murray; Secy.,
Kenyon B. Gonger. Office, 111 Broadway, N.
-(V. 81, p. liOO.)
Y
Hudson A
itlanbattati
Ky.— See page
Huntingdon A Broad Top
Huntingdon, Pa., to
Drv.- '92. '93. '94.
On com. 4
Onprief. 7
[Tit.
178.
KK, A Coal Co.— Owns
ivlount Dallas, Pa.,
from
45 miles; branches, 19 miles.
55 4^4 100000 76
777 7 65 5i«756 51
'95. *96. '97. '98. '99 '00. '01. '02. '03. '04
1905.
513
Annual Report.— Report for 1904 was
given in V. 80, p. 1724
Oross.
Net.
Interest. Divid'nds.
Balance.
5il $253,6*7 $106,190
$676,
$133,717 sur $13,730
934,532
106.190
372,058
208,587 sur. 67.282
151; V 80, p. 650. 1479, 1 724: V. 81, p. 211 )
1904
1903
—(V. 79, p.
Iberia A Vermilion
RK.—
Salt Mine Jet. to Abbeville, La., 16
Stock, $300,000, of whioh $298,500 owned by Morgan's Louisiana A Texas RR. A 8S. Co. (So. Pac). Year 1903-04 gross, $77,492:
net, $45,164; other inc., $5,137; charges, $17,007; bal., sur., $33,293.
miles.
Illinois Central
111.,
$497,851
A J N.Y..J. P. Morgan & Co.
& A.
do
do
Various N. V., J. P. Morgan A Co
5<fe§
M. A N.
do
do
4^g
Wilmington, Vt.
2 In 1903 Dec. 31.
5 g. M. A S Bost.,01d Colony Tr.Co
5 g. M. & N. N. Y., 120 Broadway.
do
do
g M. & N.
Houston, Texas.
I
5
*500,000
,
1903-04.
$6,013,214
$1,945,313
382,231
Bonds—mn .1INTEREST OR DIVIDENDS.
pal. When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
3.000,000
l,000.&o.
taxes, $480,155; other income, $6,221; charges. $306,926; dividends,
(V.
$220,000; bal.. deficit, $40,550. Pres.. J. T Jones. Buffalo. N
79, p. 1701,2642; V. 80, p. It2.2621; V.|81,p. 211, 264, 666, 1 171.)
Northeastern By,- Harriman to Petros, Tenn.
22 miles. In Jan., 1903, en ire stock acquired in the interest of the
Cincinnati, New Orleans & Tex. Pac. Ry., but will be operated separ
Stock, $60i>,000.
Year to Mar. 31, 1902, gross,
ately. V. 76, p. 157
$81,805; net, $39,981; charges, $18,000.— (V. 76, p. 212.)
Connecticut Western Ry.- Hartforf, Conn., to
Hartford
Rhinecliff, N. Y., 109 miles, and branch, 14 miles. Leased till Aug.,
1940, to Cent New England Ry. (now controlled by N. Y. New Haven
Hartford RR.), the rental paying charges and 2 p o.'pet annum on the
stook, of which $1,390,000 is owned by lessee.— (V. 76, p. 1084.)
Co. bonds
$3,000,000
2.750.0C0
343,626
1,120,000
250,000
250,000
2.199,000
8O1.000
See text.
4,592,000
2,290,000
4,275.000
1,105,0"0
1,920,000
709.000
180.0O0
21,000,000
1,371,750
2,000,000
416,000
367,500
1,497,000
h 68 000
205.000
32J.000
95,040,000
10,000,000
2,500,000
1,000,000
1,500,000
2.499,000
$1,000
Earnings.—For 2 months ending Aug. 31.
Net.
Oth. Income. Charges. Bat., sur.
os*
2 months
$4,060
$5 ',340
$91,538
$44,258
1905
$319,508
76.951
1,052
44,469
30 t.862
33.834
1904.
Report.—Report for year ending June 30, 1905, was given in V. 81,
p. 1171, showing (275 average miles), gross, $1,877,397; net over
ville,
Outstanding
1902
1,000
1900-1 VarioiiH
1902
1,000
....
....
....
.
*}^™Z
seoures
Par
Amount
Road. Bonds Value.
page of tables.
—
Size, or
of
Miles
of
For explanation of column headings, &o. see notes
69
City, la.,
RR.— (See Map.)—Roxit.—Operates from Chicago,
New
Orleans, La., 912 miles, and westerly to Sioux
509 miles, with numerous branches, viz. (flwhich see.)
southerly to
—
;
"
'
'
RAILWAY STOCKS AND BONDS.
70
I
Vol. lxxxi.
MINNE^POfcft
A Dodge
Ivratonba
Cy.'
GLENVILLE^
/
SinnrVi-rvir^T
W
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ILLINOIS CENTRAL
SYSTEM.
—
)
RAILWAY STOCKS AND BONDS.
Oci\, L905.J
RAILROADS
Miles
Date
Size, or
of
Par
For explanation of column headings, Ac, see note*
of
on first page of tables.
Road. Bonds Value
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and by
Amount
Outstanding
Whom.
Payable
Cent.
Bonds-- Principal, When
Due
Last
Dividends.
Stocks
—
Oentral—( Concluded
Trust bonds sterl.(seo by Ch. St.L.AN.O.cons.). t'«
1st M Sp.Dlv. ref m.. (V 66, p. 1237) g.Us.xo*&r
Kank 4 8.W st M .Otto to Norman Juno. Abrs.r
o*<fcr
Collateral trust bonds, gold, $ Urn.
Calro Bridge bonds, gold see remarks). CT»..o*&r
Col. trust, $25,000,001). g., on L. N.O.A T.U*.c*&r
Illinois
Ill
131
857
798
c"<tr
218
g |)m
$10,000,000, g. Us. xo"&r 239
St L. Dlv A Term 1
$5,o00.00O(8eev. 65,p. 1173),g.,IT«.x.o\fcr
Do
Loulsv. Dlv. ATerm. M.. $25,000,000, g.Ba.xCAr *553
567
Chicago Ht. Louis A New Orleans, 2d mortgage
567
i Consol. M. ($18,000,000), gold, Int. guar.CAr
567
guar. p. A 1
I Do
Western
71
lines, 1st M.,
it.,
>
o*
Dlv. 1st M., g.,gu. p. 4 1. (end.). Us.
C'Ar
Dlv., 1st M.. g.. $5,000,000. Us
o
Litchfield Div.. 1st M., g $4.000.000.F
Purch. lines 1st M.. $20,000,0 0, gold. Us.. o-&r
Underlying St. Lo-is Div. <t Terminal oonds.
Bellev A Carondelot, 1st M. .Belle. to E.C.gold.O'
Bellev. A El Dor., 1st M. (I.C.owns $100,000)0*
0*
St. Louis Southern., 1st mort., gold.
Memphis
Omaha
Me
100
130
9S
7.4
17
51
30
17
Carbondale A Shawneetown 1st M., gold. .o'
Iowa Falls A Sioux Cltv— See statement of Dub uque
* Mi»m. 1st M $i,ooo,000, g red I Co.
111. la.
132
Illinois 8oulhern—l*t M ,gold, $5,000,000.
Illinois Term'i—i St M.. $500,000, g.. red. par.IC. Text.
Illinoi* run»el 0>.— see Chtoago ubwav Co.
Inatana Illinois <6 Iowa— Stock. $6.000,000
c*
203
1st mortgage, gold. $12,000,000. gold lO
Indiana DtCuiur <k Wi siei n— See ClN. Ind. & WE8 TERN
.
,
,
KC
.
1886
«200
1897 $1,000
8i«g.
$5,266,000
2.000.000
968,000
15,000,000
3,000.000
25,000,000
5,425,000
6.377,000
4.998.275
21,788.000
1881
1,000
IHHH 500 Ac.
1892
1,000
1892 500 Ac.
1894
1,000
S 1897 500
Ac
J1897 1,000
1897 500 Ac.
1877
5
4g.
4g.
4
4
1897
1889
1900
1900
1904
1883
1880
1886
1887
3g.
6
1903
1905
1900
1,000
A
Siou
190i
5
g.
3hm
4 g
3 g
3 g
3iflg.
lg. M.
4g. M.
A
A
A
A
5g. M.
&
6g.
470,000
71,000
538,000
241,000
1,000
1,000
1,000
1,000
City
1.000
1.00O
1,000
g.
3>!!g.
80,0i
1,000 all,289,000
1,000
1,359,000
1,000
3,500,000
1,< OOAc
5.000 000
1,000
3.148.0'
1,000
14,6b2,000
1881
g.
3i«K
J.
J.
7
See text.
4,400.000
350,000
4
5
J
g.
g.
J.
5,000,000 4 In 190' F.
4,850,000
4g. J.
100
&
A
A
A
London, Baring Bros.
York, 135 B'dway.
F.
A.
do
do
A.
O.
do
do
do
do
J. A D.
M. A N.
do
do
F. A A.
do
do
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A D.
do
do
J7fAD/$
J/jAD/j
do
do
do
do
J. A D.
do
F A A.
do
do
do
J. A J.
do
do
J. A J.
J.
3*i>g. J.
J.
J
.
.
.
.
1
<
.
>.
,
,
ties. See V 71, D 1066; V. 72, p. 241, 282; V. 73, p. 82. 138. 666; V
74. ». 1808; V 75. p 77, 49«
Of the stock 78 per cent was In >ot„
1904, keld in America, $8,000,000 or this being owned oy the Railroad
Securities Co
See that company in this Section. V 71, p. b98, 779
Divis. t 1886. '87. '88. "89. *90. '91 to '99. '00. '01 to He 3 .'04. 190 i.
Com. stk. < 7 V>6 7
7 5>j 6
5»«
5 y'rly.
6 yearly
7
In Mar. and Sept., 190\ each 3 p. o. and H p. e. extra were paid.
Bonds.- Main line $15,000,000 mortgage of 1874 covers property
described In V. 63. p. 76. Cairo bridge bonds are seoured by deposit
of a like amount of Chicago St Louis A New Orleans 1st M. Cairo
The rental for the bridge is $180,000 In gold annually, of
Bridge sb
which *2o,0O0 goes to a sink. fund. See adv. In Chroniclk, May 7,1892.
The trust bonds of 1886 are seoured by deposit of $5,266,000 Chicago
St. L. A N O. consols of '81. and are to be Inoluded in any new tnortg.
The collateral trust bonds of 1952 are seoured by pledge with the U. S
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list. V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are seoured by pledge
of all the Loulsv N. O. A Texas (now Yazoo A Mississippi v* alley RR.),
$16,900,000 1st mort. bonds, except *68.000. »11 the $9,104,000 mort.
Incomes and all but $96,000 of the $10,000,000 land grant Income.
Seeadv In chronicle June 11, 1892. and V. 54, p. 964; V. 61. p. 112.
The Chicago St. Louis <£ Veto Orleans have their Interest guaranteed
(by endorsement) until the piinolpai is paid. TheS^sof 1897 are guar.,
p. A 1., by endorsement— see guaranty, V. 65, p. 1071.
The Western Lines loan of 1894 is for $10,000,000, but $4,575,000
bonds can be issued only when the road from Iowa Falls to Sioux City,
184 miles, now subject to $2,800,000 of Iowa Falls A Sioux City bonds
(see Dubuque A Sioux City RR.) due in 1917, shall be transferred to
the trustee without encumbranoe. See Supplement of Jan.. 1899.
The at Louis Division <6 Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for Improvements, equipment, etc., and $1,499,000 are
held to retire $1. 400.000 underlying bonds still outstanding on the St.
Louis Altou AT H. system; see table above. See abstract of mortgage in V 66, p 138 See also V. 66, p. 133; V 7i. p. 546
Louisville Division <t Terminal mort. is for $25,000,000; of the bonds
$1,112,000 are renerved to purchase the 46 miles (Cecilia branch* from
Louisville A Nanhvllle and to retire the L. A N. bonds thereon; $2,
500.000 for new additions or extensions. Chicago *t. Louis A New
Orleans took title to the Louisville Division and ioined In making mortV.
fage. See V 66, p 136. for abstract; also 8upp. of Jan., 1899.
5,p.367.516; V 66. p 133; V. 67 p 581; V. 75. p. 671.
Of the +4,000.000 Litchfield Dlvifion bonds, $852,000 are reserved
for improvements, etc. V 71, p. 547, 646; V. 79, p. 24.^5.
The ruich >ed l nes 3^s of 1004 (t20.00u.0o0 authorized) cover
various minor lines acquired. Of the bonds, $14,6^2,000 have been
Issued on r.3<m. or subsidiary branch lines purchased, ami the lemalniDg *5,33*,ooo s reserved to retire at maturity #96«.o0o bonds
of the Kankakee A Sou h western due 1921 (see bond table above and
$4,370,ooo bond* 01 the (hie. Mad. A North. <V31 in.), which are
pledged as p»rt co.lateral for the collateral trust 4s of 1952. (See V.
71, p. 288; V. 79. p. 1273, 1642,2588; V. 81, p. UOV)
General Finances.— In Dec, 1904, sold $l?,000,000 "purchased
lines" 3"s p. o. bonds, (see above and V.79, p.258S.)
<
do
do
do
do
do
do
do
do
D.
J.
8.
S.
New York or Chicago
New York.
A D
A J. Ill.Tr. A 8av. Bk.,Chlc.
S.
&A
A
July
do
do
1950
1,
1,
1951
1921
Apr.
1952
Deo.
1950
Nov.
1958
Aug
1951
July
1951
July
1951
July 1, 1958
Deo. 1, 1907
June 15, 1951
June 15,1951
Deo. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
July 1, 1952
Jan.
Aug.
1,
1,
1,
1,
1,
1,
1,
June
1,
1,
July
1928
1910
1931
1932
Sept. 1,
Men.
1,
Moh.
1,
I»eo.
1,
1944
1963
1925
Jan. 2,
Treas., Gr. Cent. Stat'n Aug. 1,
J.
In addition $5,266,000 consol. 5b are pledged to secure Illinois Ce ntral collate ral trust bonds
Illinois Central KK.— (Concluded).—
History, Leases, Ac— Chartered In December, 1850. Theoompany
pays to the Mate of Illinois 7 per cent (In 1905 $1,088,676) of gro>a
of the 706 miles owned In fee yearly In lieu of taxes. The < Chicago 8t. L
AN O. Is leased for 40O years from July 1, 1882, at 4per cent per annum
on ltB $10,000,000 stock deposited to secure the leased line stock.
Miles.
Road owned in fee.
Miles
Chicago to Cairo. Ill
Evansv. Line
Main 706 Mem., Ten., to(Ohio Val. RR. 139
Centralis. III., to East
Grenada.Mtss. 100
stem.
Dubuque. la
Yazoo A Mississippi Val RR.
Dubuque A Sioux City 1)
Memphis to N. O. and brs.,.1,175
730
Swim (Ityto EttlBgh rm, 111.. 88 St. Louis Alton A Terre H. . . 1 39
Springfield to E St. Louis,
Entire stock owned.
(V 71, p 547)
111.
98 Branches.
773
Aeouirtd Oct., 1901,
Leased.
Chicago A Texas <8ept,.'07)
Peoria, HI, to Evansvllle,
80
Ind., with 6 di. branch (V.
Track'ge Oliver Br. to Thebes
9
251
73, p. 391.665)
Leased. —Control owned.
Total system June 30.1905 5.584
Chicago St. L A N O RR.
Of which earns, kept separate
Cairo, 111., to New Orleans. 547 Yazoo A Miss. Vail. RR
1,210
Line to Louisville, etc. . ) 614
Total inoluded In earns.
(0. O. A 8. W. A br'ehes).. \
4.H74
Jnlv 1. 1905
In Sept.. 1904. the Indianapolis Southern Ry., under construction
polls, Ind.. south to Sullivan,
from Indians
10 miles, was purchased.
V. 78. |t. 2 42; V 79 p 733.968. 'n July. 19o\ an option f r 3
years f« r purchase of mHJorlt> of stock and bonds of theTei>n Cen'ral
and Nashville Terminal Co., jointly w)tb tie Southern Ry was
obt»1m-d Contract for branch from Silver City to Valley Park, Miss.,
45 mllen, wan let in J une 1905.
Capital stock.—The leasea" lint stock is secured by deposit of
$19,000,000 Chicago Ht. Louis A New Orleans stock (V 6 p 10~1.)
Early In 1901 the stock was lnoreased from $60,0< >0,O0O to $86 OOO.lwtl, to $79.^00,000, and in Aug 1902, was further In
000, la Nov
ersaoed to $95.040,oo0 to provide additional equipment and facili-
New
July
'05,2%
1950
1,
of 1886.
Earnings. -2 mos,S1905
Gross, $7,764,83 1; net, $2.0<»8,165
July 1 to Aug 31.
1 1904
Gross, 8.0i».H92; net. 2,514.255
Report—Annual meeting is held the third Wednesday in October.
Report for 1904 05 waf in V. 81, p. 1095, 11 5; editorial, p 1073.
Tue following does not Include Yazoo A Mississippi Valley.
190V
1904.
1903.
Hear ending June 30
Miles operated.
4.374
4,301
4,374
$9,554,743
$8,977,228
$10,729,«25
Passenger earnings
32,607.922
31,692.575
30.592,094
Frelgnt earnings
7
5.583.H38
902
5.61^.754
Mail, express A miscellaneous.
6,1
Total earnings
$49,508,649 $46.H3l.ll6 $45. 8fi,077
34.735,682
35,1 '1.706
3 1.6^7.956
Operating expenses
$14,396,943 $12,0 '5,454 $13, 48m, 121
Net earnings
2.675.496
Net reo'pts from interest, Ac. . 2.769 020
3,445.318
41,053
15.*30
Miscellaneous
2.488
Total receipts
$17.15b,451 $14,81^,003 $16,949,269
Deductions $2,9°9,740
Interest on 111. Central b'ds.... $3,431,035
$2,961,615
tnt.onChi.8t L.AN.O.b'ds....
2,415,060
2,415,079
2,416.653
96.366
Rental Dub. A 81oux 0. RR
571.243
cr 87.136
520.2O9
507,525
Net rental St. L. A. A T. H
507,435
136.306
Miscellaneous
98,336
199.593
Dlvld'ds on IU. Central stock. .( 7) 6.652 8Q0 (6)5.702.400 (6)5,702.400
Balance, surplus
$3,163,530
$5 076.992
$3,4S2.542
1
Yazoo A Mississippi V alley.— Results on 1,204 miles in 1904-5;
1,173 miles In 1903-4. See report at length, V. 81. p. 970, 9*p, 1042;
edit p. 943. In Jan., 1903. $569,574 paid for back taxes. V. 77. p. 713.
Tear
Cross.
Bai.,sur.
Net.
Other inc. Interest, etc.
86S5.644
190405....$8.H70.246 $1,917,983
$2,*47 $1,265,186
1903-04... 7,868.335
1.197.K59
1.772,717
3,558
578,616
"alaoces In 1904 and 1905 we>e transferred to insurance fund. No
11-05 to 111 Cent, as owner of entire
rsyments were made in 190 1 and
$9,104,000 Loulsv New Orl. A Tex. 2d mort Income bonds on account
of arrears of interest ($5.812.t>86) on July 1, 1905; $277,712 paid from
earnings of 1902-03. V. 81. p. 990.
officers.— President, Stuyvesant Fish; 3d Vice- Pros, and Sec, A. G.
HaoRHtstt; Treas., E. T. H. Olhson. 135 Broadway, N Y.
Directors -Waltneri.uMgen, JohnW. Auchtnclosn, J.T. Harsnan PharlesM.
Beach, C< rneit UN Vanderbilt. Hiuyvesant fish, Howard n lUrr
John
Jacob Alitor. Charles A PeaDodv John C Welling W Mort.ni (Jnnnell, R. W,
Ooelet, and ex ofnc.n, Hon. Charles 8. Deneen, Gov. of Illinois.
-(V. 79. p. 2588; V. 80, p. 222, 997; V. 81, p. 264, I «95, 1 105.)
—
««
Iowa &
Ry
—(See Maw.)— Oper tes Rookwhich Aurora to Juliet 2' miles,
1- Elgin Jo let * Eastern trackage.
An easterly extension from Peotone to Michigan City is proposed. To be an outer belt line connecting
Illinois
ford.
111.,
ITIInnesoia
to viom- nee. 130 miles, of
roads entering cotoago. Incorporated In Illinois In Nov., 1902.
Stock uutnoi lzed, $5,00 i.OOO: par of shares, $1O0.
Owns entire stock and boads of Rookford Belt Ry., under construction. V 81, p 1175.
BO«jds are subject to call at 107 and interest on six months* notice.
Of the $5 OOO.OOO bonds *ubhoriz*d,$t.00<>.000 is Issuable at not exceeding $30 OOo t ier tulle of msln track wheu completed la ten-mile
sections. The remaining $1 000. 000 is issuable (a) on vote of not less
than two thirds of the stoot for acquisitions of completed connecting
lines, the honds to be a ilrsi lien thereon at not exoeedlng $30,000 per
mile or <b) at not exceeding $200 000 yearly for additional lands,
buildings, »1de tra ks, seoond tracks, terminal-). Improvement* and
rolling stook, but only when the portion cf the road f<»r w inch tney are
acquired is in operation
V. 7«, p. 2599; V. 79, p. 103. President,
a
1
H. W. seaman, "The Rookery," Chicago, 111 —(V. 81, p. 1175 )
IHtiinia iiinihern Ky.—Owns Salem to Bismarck (including
River Transfer, 1 mle). 122 86 miles; Chester branoh. Missouri Jot. to
Chester. 10 "o in; Rosborough branch, Sparta to Rosuorough 5 m.;
tota owned, 13856 miles; leasts Illinois Central trao-age, Branoi
Jot. to I. C lot 275 m.; total. 14131 miles. Successor June I, 900,
of the centralia A Cbestet RR., foreclosed. V. 70, p 1048; V. 7t, p.
29. Stook, ooiumon, « 1.000,000; 6 p. 0. cumulative preferred, $1. OOO.OOO par, $1 00, all Issued Of the bonds, $600,000 Is reserved for lmpr. vements and equipment in 1906-8 at not over *200. 000 yearly. V.
79, p 500. Equipment notes, incl. int.. June 30. 1904, $150 «43.
For year ending June 30, 1904, gross, $307,130; net, #141,810; int.
and taxes, $1 3 7,504 bal., su»., $4.3 '8. President, J. W. Walsh;
Seo and Treas.. C F. Weinland; Auditor. A. F. Williams Offloe,
.
1
;
Granu Central Station, Chicago, 111.— <V. 78. p. 1223; V.
ill! -mm* Terminal RK.— Owns terminals at Alton.
79, p. 500.)
and road
Alton to Ha'tford 111 6 miles; Hartford to Edwaidsvllle Jc, t'l m.;
leases from Wabash RR
Edwardsvtlle Jet. 'o Edwarusviile, l-6m.
Stock, $500,o00; par of shares, $100.
of the bond-t. $150,000 are
reserved lor luture purposes. V. 79. p. 220 >. Year ending June 30,
J
I' 05. gross. $10o,77l;
net, $ J98; Interest, rentals and depreciation,
$.3 454; bal., sur., $13,456. Pres., Wm. Eliot Smith.— (V. 79,p,2205.)
Indiana Illinois A Iowa U.K.—-Owns from Souch Bend, Ind.,
to Seatonvllle, 11 , 1 92 miles, with branches, 13miles; trackage, 9 miles;
lenses for 50 yitrs from Feb. 23, 1900, the St Joseph South Bend A
Southern RR.,S<>.. n Bend, Ind., to St. Joseph, Micu., 36 m., but on
Apr 14 1U0 operation was transferred to Mich. Cent. RR.; total, 250
miles. Lake Shore A Mich, so owns $4,870,500 stook. V. 74, p. 41.
Dividends.— Oct., l>-99, to Feb., 1904, inclusive, 4 p. 0. per annum;
the Aug., 1904, div. was passed; in 1905, F.&A., 4 p. c
,
,
J
<
,
III.,
'
RAILWAY STOCKS AND BONDS.
72
[Vol. lxxxi.
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RAILWAY STOCKS AND BONDS.
Oct., 1905. J
RAILROADS.
Miles
For explanation of column Leadings, &o., see notes of
Road.
on first page of tables.
Indianap. South.— 1st M., red. 110teBt,g.Usm.o*<fer
Indianapolis Jin.— 1st M. g., s. f. not callable. FPo"
..
Gold notes, part due yearly, guar-., text.
Indianapolis dt Vincennes See Vandalia RR.
Interborough Rapid Transit— Stook, $35,000,000..
Notes. $15 000.000 auth., gold. red. at par
International <t Great Northern—1st mort., gold
o*
2d mortgage, gold. F
8dM.($3,000,000)(form'lylno.),g.lnol.soripMe.o"
Colorado Bridge bonds, sinking fund .F
Interoceanic Ry. of Mexico Ord. shs., £1,700,000.
Preferred shares, 7 per cent, cum., £1,000,000
Pr. lien deb., subl. to call at par aft. Moh. 1, '97.
Four p. o. deb. stook, sub. call, par, £1,150,000.
Deb. stook, 7% "B," subj. to call. 120, non-cum..
Size, or
of
Par
i88<;
1904
Text
!
l,i"09
1,109
1,109
—
.
—
Junction (Philadelphia)—1st m.,guar.p.<fci.(ext'd).
General mortgage, gold, coupon, $750.000
Kanawha <e Goal River—Joint M., $ 50,000, g., s. f.
A.anaw.<6 Mich.—1st M.$15,000 p.m.g.gu. p.&l.Ce.o*
2-96
296
15
164
1904.
1888
1901
1894
1901
1867
1889
1877
1882
1900
1904
1890
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l.OfO
1,000
V
8<8.'55
189,«8S
4,-oa
140.416
(1%)
50,000
2,604
Earnings.— Fiscal year now ends Deo. 31. Report for 6 mos.
ending Deo. 31, 1904, was in V. 80, p. 1 363, showing: Gr >ss earn! firs,
$865,<»4<
net, $256,lv:9; other income, $3,332; oharges and taxes,
$142,058: dividend (2 p.o.), $100,000; bal., sur., $17,403. In 1903,
;
gross, $775,415; net, $153,180.
(V. 80, p. 2457.)
Indianapolis Southern Ry.—See this Section for July, 1905.
Indianapolis Union Ry.— Owns 3 miles of track, '93 of a mile
Of road, with terminals at Indianapolis, Ind., and leases for 999 years
the BeltRR. of Indianapolis— 12^3 iiiles (which see)
Formed in 1850 and furnisnes terminal facilities to the several
railroads entering Indianapolis. Capital— The Cleveland Cincinnati
Chicago & St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and
the Vandalia RR are virtual proprietors, they having in rested in it
$861,817 to June 30, 1903. No stock outstanding.
The $500,000 4 p. 0. notes of 1904, guaranteed prin. and Int. by Pitts.
Cin. Chic. & St. L. and Oleve. Cln. Chic. & St. L., mature Sept. 1 yearly
as follows, $85,000 from 1905 *o 19)98 and $80,000 in 1909 and 1910;
Commercial Trust Co. of Philadelphia, trustee. V. 80, p. 871.
Earnings 1903-04, gross, $862,927; net, $258,967; other income,
$6,595; total deductions, $185,024; bal., sur., $80,538.— (V. SO, p. 871.)
Indianapolis Sc Vincennes RR.— See Vandalia RR.
Interborough Rapid Transit Co.— (Sec Map .)— Incorporated
May 6, 1902. in New York, to operate tbe municipal tunnel railroad in N. Y. City, extending with two tracks from Batterv to City
Hall, and as a four-track line from the City Hall (with two track loop
at that point) under new Elm St., Fourth and Park avenues, to
42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack lines, partly viaduct, (a) from 103d St., on the West Side, to
Kingsbridge Station, (b) from 103d St. to the East Side and Bronx Park.
Extension cinder the East River via Fulton and Flatbush avenues to
Atlantic 4. venue, Brooklyn, there connecting with the Long Island
RR., is to be completed in 1906. Total to be about 65 miles of track
on 25 miles of road. V 77, p. 827; V. -0, p 222, 1912.
On Oct. 27, 1904, the west side main line from 145th Street to City
Hall, 9 miles, wasopeneii, and on Nov. 23 the east side line from
145th Street south; and in July. 1905, began op rating to the Battery and on east side to West Farms. The extension to Kingsbridge
is expected to be operated early in winter of 1905-6
V. 81, p. 1 S5
Leases Manhattan El vate ) Ry for 999 years from April 1. 1903.
See that co. Has agreement with N. Y. City Interborough St. Ry., controlled by allied interests which proposes to build various surface
roads In Bronx Borough. (V. 80, p. 117, 1175, 1479.)
<
Owns stock of N. Y <fe Queens Countv Ry., 74 miles, and, jointly
with Long IsLanl RR. the .V. Y. <fe Long Island Tracti on Co.(the latter
acquired June, 190 =>) 37 miles. V. 80 p. 2621.
Contracts.— Contract with city calls for the construction of the
road from City Hall north for $35,000,000 and its lease to the company for 50 years from completion, renewable for another 25
years, the rental to be equal to the interest on the city's bonds issued
for construction (but not for easements, etc.) and a sinking fund of
1 p. c. yearly to retire the bonds, beginning 5 years after the road is
placed in operation, provided not less than 5 p.
per annum is then
earned on ihe stock. The company must also at Its own expense provide the eleotrical equipment, contracts for which will aggregate
$16,000,000. For contract see V. 69, p. 1063 The extension from City
Hall, Manhattan, to Brooklyn, is being built without aid from city except about $3,000,000, and leased for 35 years with privilege of renewal for 25 years. V. 75, p. 184, 10*6, 1202. See V. 76, p. 101, 1234.
Possible extension, see V. 78, p 342, 1550; V.80, p.l 7. 2345.
In July, 1905, $46,116,000 city bonds had been issued, of which
$44,616,000 are 3^ per cents and $1,500,000 3 per cents.
Stock.— E. Mora Davison, B. Hamburger and Charles B. Ludlow
•re the voting trustees tl 1 May 12, 1007.
Drvn>END.-July,'04, t p.
Jan., '05, 3.; Apr., 1%; July. 2; Oot., 2.
Notes. -The 4 p 0. notes of 1 905 (Windsor Trust Co of New York,
trustee) will be equally secured in the event of the company executing a mortgage covering the leasehold interest in the Manhattan Ry
Ry. or the Kapid Transit Subway construction Co., or N. Y. & Queens
Co Ry. stock. V.bO p. ltf)2.
Report.— Balance sheet June 30, 1905, V. 81, p 666,
Earnings - For year ending June 30, 1905, including the Subway
Division for 8 months and 5 days, compared with those in 1903-4,
when Manhattan Ry. Division only was operated:
;
Gross earnings
Operating expenses
-Net earnings
Other inoome
Net income
&
&
&
£469.459 6for'03-4
£1,150,000
4>a
£400,000
5
8,521,983
1904
05.
$16,^37,370
7,397,384
J,
New York.
N,
Phila., Fidelity Trust.
July
May
Sept.,
S.
1953
1926
1906-10
1,
1.
5,674,42fl
7,650,220
5,2*1,000
500,000
600,000
300,000
2,800,000
800,000
425,000
300.000
750,000
2,469,000
Sept. 15,
44
-
(te
190405.
1903 04.
$14,187,685
5,846,051
$9,439,986
491,040
$8^341,634
341,504
$9,931,026
$8,683,138
Interest and rentals
Taxes
on Manhattan stock
7 p.
1950
1950
for i 903-4.
London.
J&D 15
Jan. 1, 1984
Ha in '00 M. & 8. N. Y. office, 25 Broad St. Mar. 1, '00, 1*1
D. N. Y., Mercantile Tr. Co. June 1, 1938
g J.
5 g M. & S.
Mch. 1, 1951
do
do
4
J. & J. N.Y., Guaranty Tr. Co. July 1, 1939
& J. N. Y., Sec. & Trust Co. Jan. 1, 1951
4 g.
4ia& 6 J. & J. Phila., Fidelity Tr. Co. July 1, 1927
A. & O.
N.Y., Erie RR.
Jan. 1, 1909
f* J.10&J. N. Y., Farm. L. & Tr. Co. July 10, 1907
4i«
J. & J. Phila., Broad St. Sta.
July 1, 1907
3ifl g. A. & O.
do
do
Apr. 1, 1930
5 g. M. & S. N. Y., Bankers' Tr. Co. Sept. 1, 1924
4g. A. & O. N. Y., Central Tr. Co. Apr. 1, 1990
>
new property and Improvements;
.
M.
4g. M.
-
1st 4s of 1901, $7,500,000 were issuable
of these, $350,000 were
issued in 1902. V. 71, p. 1269;
72, p. 87, 722; V. 74, p. 1251.
Earnings.— For 6 mos. ending June 30:
Surplus.
Net
Oth. inc. Charges.
Dividends.
• months.
Gross.
S94.\5H5
$825,885
J1.K16
I9O6
tZ 634
I 28,708 (2%)$100.000
Bonds.— Of the $12,000,00
only for
J.
35,000,000 See text. Q.-J.
Oct. 2, '05. 2%
M. & N. N Y„ Belmont & Co.
May 1, 1908
10,000.000
M. & N. N. Y., offloe, 195 B'way Nov. 1, 1919
500&C 11,291,000
6g.
M. & 8.
do
do
1881 500 &c 10,391,000
Sept. 1, 1909
l g M. & S.
See remarks.
1892 500 &c
Sept. 1, 1921
2,966,052
M. & N. N.Y., office, 195 B'way. May 1, 1920
1880
1,000
198,000
£10 £1,700,000
£10 £1,000,000
£50 Ac.
Mch. 31, 1912
£400,000
5
J. A J.
£699.886
M&8 15
London.
Sept. 15, 1950
4
100
100
8
5g.
4i«g.
Dividend.
100
£100
£100
37
45
Whom.
Payable
Cent.
$1,000 In I. O. treas,
1,000
$940,000
5,000
415,000
iiibo
503
541
21
37
Bonds— PrlnolINTEREST OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stocks— Last
Rate per
1905
1879
Second deb. stock, red. at 105 after 1911, text.
Mex. E. deb. stk., £450.000, guar., red. 105 beg.'14
Iowa Cent—Common stock, $11,000,000 auth
Preferred stock, $7,400,000, 5 p. c, non-cum
1st M. for $7,650,000, g.(abstr.,V.49,p.582)Me.o*
Refund'g M., $25,000,000. g. See text Itto..c*&r
1st M., $500,000, g., gu Mp..o"
Jacksonville Ter
Jamestown Ohaul. A L. E.— 1st M., $750,000 N.o.*
Jefferson— 1st & 2d Ms.ext. In '87&'89 (H'daleBr.)o
let M. Carbondale to 8. depot, g., gu. p. Al.FP.o*
Joliet <& Northern Indiana—1st M. gu. p. & 1. M.Ce.o
Amount
Bonds Value. Outstanding
1903
93
t
—
Date
73
Balance for dividends
Dividends
Surplus for year.
1903-04
$1,822,180
1,071,232
3,864,000
$2,443,371
1,203.734
3,864,000
$2,419,921
(6%)2,362,500
$1,925,726
700,000
(2)
$57,421
$1,225,726
Directors.— Alfred Skitt, Morton F. Plant, August Belmot t. Andrew
Freedman. James Jourdan, .lames H Hyde. W. G. Oakman, John
Peirce, Geo. W. Young, Wm. A. Read, Cornelius Vanderbilt, New York;
E. P. Bryan. N. J., and Gardiner M Lane. Boston.
President August Belmont; Vice President, E P. Brvan; Secretary,
H. M. Fisher; Treasurer, D. W. MoWilliams. Offices, 13-21 Park Row
Building and 23 Nassau St., New York.— (V. 81, p. 155, 2il, 666.)
International
& Great
Northern RR.
(See
Map
Missouri Pa-
on Tex.& Pac. (near Shreveport, La.,) southwesterly
to Houston and Galveston, also to Laredo, Tex., on Mex. National RR.
and Spring northerly to Ft. Worth; total June '04, 1,159 miles viz.:
Lines owned
Miles.
Joint trackage—
Miles.
Longview, Tex., to Laredo,
494 Galveston Houston & Hen.
150
Palestine to Houston, Tex
(jointly with M. K. &T)
50
Mineola, Columbia, eto
121 Other lines
26
Fort Worth to Spring
261 Houston Oak Lawn & Magnolia Park Ry
Navasota to Madisonville
47
10
Organization.— Reorganized without foreclosure in 1892 under plan
cific).— Long view
—
in V. 54, p. 203, 366. Stock authorized is $25,000,000; outstanding,
$9,755,000; par, $100; controlled in interest of Mo. Pac.
Bonds.—The second mortgage interest, soaled to 4>a per cent, until and
including Sept. 1, 1897, Is now 5 per cent
but in case of default the
rate reverts to 6 p. 0. as formerly. V. 73, p. 445.
On Mar. 31, 1904,
oar trust notes and bonds, $731,203
Earnings.— Jan. 1 to Oot. 7, gross, $4,551,899 in 1905; in 1904, $4,043,808. Report for the year ending Deo. 31, '03, was in V.78, p. 1165.
Tear.
Gross.
Net.
Other inc. Charges, etc.
Balance.
;
1904
1903
.. ....
$5,802,221
5 8*7.128 $1,437,681
$7,957 $1,443,057 sur. $2,581
-(V. 78, p. 48, 229,287, 989, 1109, 1 165.)
I liter--* ate Tunnel Ry.— V. 81, p. 975.
Interoceanic Ry. of Mexico, Lim.— See issue July, 1905.
Iowa Central Ry.— (See Map)— Operates Peoria, Hi., west to Oskaloosa, la., thence northerly to Albert Lea, Minn., forming a through
line via Minn. & St. Louis RR. from Peoria, 111., to St. Paul, Minn.
Owns—
Miles.
Leases— (stock owned.)
Miles.
Iowa Juno., m., to Manly Jo.,
la. C. & W.,Belmond to Algona. 37
Iowa
363 Track, Iowa Junct'n to Peoria. 3
Branches to Belmond, eto
127 Manly Jot., la., to Albert Lea,
Minn, (owned Jointly)
28
Total in earnings July 1, 1904
558
History.— Reorganization (by plan in V. 44, p. 653) of the Central,
fowa sold in foreclosure in 1887-88. In June, 1900, Minneapolis & St.
Louis interests obtained control through purchase of the common stook;
the two properties are operated In close connection. V. 70, p. 1249.
Capital Stock.—The preferred is entitled to 5 per cent (non-cumulative), then common to 5, then both share pro rata. (V. 62, p. 548.)
Dividends.—On pref. in 1892 1 p. o.; 1899, 3; 1900 l 1^; none since.
Bonds.— The refunding 4s of 1901 are seoured by a mortgage on the
entire property no wo *rned or hereafter acquired, subjeot to the $7,650,000 first 5s, for whioh an equal amount is reserve!. The balance
are issuable for future extensions at not exoeedins? $25,000 per mile,
improvements and equipment. V. 73, p. 899. Loans and bills payable June 30, 1905, $4,000,000.
Earnings.— 2 mos., > 1905
Gross, $446,759; net, $88,123
July 1 to Aug. 31. 51904
Gross, 401,723; net, 5-5,223
Annual Report.— Report for 1903-04 was m V.79. p. 2201. Soft coal
tonnage in year 1903-04 was 769.632 (42 p. 0. of total tonnage).
19' '3.
Year ending June 30.
1905.
1904.
1902.
Miles oper June 30
558
558
558
558
G oss earnings
$2,588,300 $2,377,105 $2,405,543 $2,543,350
42S,135
Nat earnings (over taxes)
460,218
438.553
437,549
rot. netreo'ts(inol.rents)
555.968
506,929
662,877
560,607
Interest, rentals, &o
5Q4."14
55 4,324
739,951
641 ,739
Balance, surplus.
def.$77,075 def.«Ml,l32
$1,644
$2,915
1
Edwin Hawley.— (V. 79, p. 2201; V 80, p. 472.)
Jacksonville Terminal Ry.— See page 178.
Jamestown Chautauqua 61 Lake Erie Ry.— Tamestown,
Pres't (July, 1904),
to Westfleld, 31 miles; branohes, 6 miles; trackage. 1 mile; total, 38
miles. Incorporated in Sept., 1900, and purchased the stock and about
95 per cent of the $250,000 bonds (5s) of thi* Jamestown & Chautauqua Ry. and entire stock of Chautauqua Steatrbor*/ Co., operating
11 steamers on Chautauqua Lake. Stook, $600,000. all common. Year
ending June 30, 1904: gross, $87,090; net, $9,749: other income, $85;
oharges. $33,893; baL.def., $24,059. Pres., F. L Cha*e.— (V.76,p. 212).
Jefferson
Owns Lanesboro, Pa., to Carbondale, Pa., 37
miles double track; branch, Hawley, Pa., to Honesdale, Pa., 8
RR.—
74
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
—
!
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
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81
RAILWAY & CONNECTIONS.
J^astingX,
Glenco
.
IOWA CENTRAL
/f
Bloomer]
wis.
M
MAP OF THE
.
^v^^r^JElk Riv.
NOB.
*
,.
Princeton
St.Cloiup?)\\ Ka P ld9
qhio_
C
ltpalia
76
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
77
Boiuts— Prlnol*
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal, When Due.
Stocks— Last
Par
of
of
For explanation of column headings, &o., see notes
Outstanding
Payable
Cent.
Whom.
Dividend.
on first page of tables.
Road, Bonds Value.
RAILROADS.
K*n. O. Belt— 1st ($534,000 gu. K.C.F.8.&M.).NB.o
Kiln. City Clin, dl Spring.— 1st M., g., guar N B .o*
Pleasant Hill & De Soto 1st mortgage, gold. (V It
K.
Ft. 8. A Mem KR. 1st M., g., assumed. 1MB
.
City F>,rt Scott & Memphis Ry.—
Eef. M., $t0,000.000, g., gu.p.Ai.end.x.Me.C&r..
10
162
34
85
1886 $1,000
1KH5
1,000
1877
500
*830
1901 1.O00&0
$2,250,000
3,192,000
58,000
2,000,000
1,000
Kansas
5g. A.
7g. A.
eg. M.
A
&
&
&
N.
A.
<fc
O. N.x., MeroantlleTr. Co.
6
J.
17,810,000
Underlying Bonds
K. C. F.
8.
o*
1st M., I'd. gr.,s. f., dr'n at 110.
Col. IstM
o*
"*
Missouri RR. 1st mortgage
& G.
Memphis K.&
Kansas
&
M
1879 100 <&o.
2,103,000
1884
1,000
492,000
1882
1,000
390,000
1888
1,000 yl3,736,000
1887
1,000
1,606,000
1889
1,000 b3,000,000
1899
1.000
133,000
1900
1.000
530,000
1894 500 &o.
3,323,390
1894 500 &o. X6.322.780
1902
1,000
1,000,000
1905
1,235,000
1905
1,000
1,700,000
160
50
26
719
82
NB..0'
K. O. F. 8. A M. RR oon.
Current Rlv. RR. 1st M., $20,000 p. m., guar.N B
3
Kan. C.& M. R'y &B*dgelstM.g.,s.f.,dr n at 110.0"
Ft. Boott Equip. Co 1st M., call at par
Ozark Equip. Co. 1st M .,gu.,$l ,000,000, call at par
K. C. Mem. A Blr gen.M.. $4,500,000. our. OB. o* 285
Part stamped— see text. OB. o" 285
Ino., non-oum
21
Blrm. Belt 1st M., g red 102*3, gu.p Al.end
Equipment notes series A, due +65,000 s.-an
sir. B, $H5,000 dues.-a (V.81 p 1044)Ba
do
1901
Kan. Oily Mex. dt Orient— 1st M., g., see text
1,000
1903
Kan. City >uter Belt dt Eler. -1st M., $3,000,000, g.
1,000
Kansas Oity Southern— Stock, com., $30,000,000
Pref. stock ,4 per cent, non-oum., $21,000,000...
o*&r
1900 l.OOO&o
1st mortgage, gold $30,noo.OuO.Me
Kansas Oity St. Joseph dt Council Bluffs.— See Chic. Burl. &QUI NCY.
,
,
OB
,
5,242.000
2,000,000
30,000,000
21.000,000
30,000,000
7
7
5
J.
6
5
M.
M.
F.
5g.
6
5
A.
A.
J.
M.
M.
4
5
4g.
4^
A.
F.
4l2g. F.
F.
4
g.
A.
3g. A.
J.
& D.
& S.
& A.
& N.
& O.
& O.
& J.
& N.
& 8.
x
& O.
& A.
& A
&
&
8t. July 1, 1916
Colony Tr. Oct. 1, 1925
do
Oot., 1907
Louis, Mo.
May 1, 1928
Boston, Of., 50 State
O. Boston, Old
O.
do
St.
1,
Boston, Old Colony Tr. June
do
do
do
do
&
Bost.
N. Y., Mere. Tr.
Boston, Old Colony Tr.
N.Y.,Mer. Tr. Co. & Bos.
Boston, Old Col. Tr. Co
do
do
do
do
Treas.
off.,
1986
1908
1910
Aug. 1, 1922
May 1, 1928
Oct. 1, 1927
Oct. 1, 1929
July 1, 1909
May-Nov. 1*10
Mch. 1, 1934
Moh. 1, 1934
Oct. 1. 1922
To Jan 1, 1915
Aug. '06, 1915
Feb. 1, 1951
Apr. 1, 1953
1,
Sept. 1,
do
do
do
do
N. Y.. Blair & Co
A. N. Y.. Am. Ex. Nat. Bk
O. N.Y.,U.8.&M.T.20Broad
& O
Oot
120 B'dway. Apr.
Includes (b) $187,000 held alive In sinking funds,
are fixed-Interest bonds; ooupo ns MA 8. V. 7 4, p. 829.
y Inolud es $2,00 0,000 assumed by K. O. 01.
Also covers majority of stock of Kan. City M. & Blrmu 285 miles, a nd provides for retire ment of Its bonds.
x All exoept $399,500
1,
1950
& Sp.
*
miles.
Leased
annum
for
In perpetuity to the Erie RR. Co. for $140,000 per
line and $14,940 for branch. Used by Delaware
Hud-
sou to reach Carbondale.
Jollet
&
main
&
Stock, $2,095,450; all
Northern Indiana
RR,- Owns
owned by
Erie RR.
to Lake
45 miles. Road opened in 1854 and leased to the Michifan Central StO' k $300,000), all owned by the Mloh. Cent., carries
Jollet,
111.,
Station, Ind.,
lvidends of 5 per oent per annum.
(V. 76, p. 752).
loneiboro Lake City &. Eastern RK.-V. 81, p. 1100.
Junction BB. (Philadelphia).—-Owns Belmont, Pa., to
Gray's
Ferry, Pa., about 3 miles.
Leased for 50 years from March 1,
1899, to Phila. Bait. & Wash.; lessee to pay fixed charges, keep road
In repair and pay bond Interest and 6 per oent on stock; bonds are also
endorsed with guiranty of Pennsylvania, Phila. Wilm. <fc Bait, and
Philadelphia
Reading roads, ujade prior to lease. Stock $250,000;
(par $50), now all held by Phila. Bait. & Wash, and the Pennsylvania,
V. 68, p. 428.-(V. 68, p. 428.)
Michigan By.— (See Map Toledo dt Ohio Central.)—
Owns Corning, O., to Gauley on the Ches. & Ohio, 177 miles, less 18
miles, Pomeroy to Galllpolis, and 1 mile, Athens to Armltage, where
Hook. Val. Ry. traoks are used. Also owns branch of 11 miles leased
to Toledo & Ohio Central and Col. Sandusky & Hooking Ry. companies.
History, Etc.— Reorganization In April, 1890, of the Kanawha &
Ohio Railway sold In foreclosure. (V. 50, p. 451, 483.) In Oct., 1890,
a large interest in the stook was aoquired by the Toledo & Ohio Central,
whioh has guaranteed the bonds, principal and Interest. (See V. 52, p.
165. 351.) Capital stook $10,000,000 ($1,000,000 In treasury July,
1905). The first mortgage bonds are limited only to $15,000 per mile
Of road constructed. June 30, 1905, car trust 5 p o. notes, $1,318,730
of which $1,3' 6, 50 payable 1912; bal. mouthly; obligations on con
tract equip., $291,600; special equip, and betterment loan, $1,095,000
Latest Earns— 2 mos., > 1905
Gross, $365,489; net, $98,802
July 1 to Aug. 31.
{1904
Gross, 309,60 ^; net,
51,444
Surp. over 2 mos. charges. $^9,631. agst. sur. $12 471 in 1904.
Anndal Statement.- Report for year 1904-5 In V.81, p. 1171. showing gross, $1,764,174; net, $306,406; other Inc.. *8,95«; Int., taxes, eto.,
•302,191; balance, surp., $13,173.— (V.79, p.. 13*8; V.81, p. 1171.)
Kansas City Belt By.—From Argentine to Valley of Blue River, 10
miles.
Stock authorized $2,500,000 (par, $100);
outstanding
•550,000 (par, $100); owned one-half by Atohlson Topeka
A Santa Fe and three-tenths by Kansas City Fort Scott & Memphis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
&
Kanawha &
to C M. <fe St. Paul and Atohlson Top. <fe 8. Fe (Jointly with
other companies) for payment in each case of 3 p. 0. per annum of
cost of property used with equal proportion of cost of conducting
transportation and maintenance according to wheelage. The mort
gage Is for $2,500,000
The Chicago Rook Island & Paoiflo Ry.
contracted to use the facilities. V. 78, p. 1446. For year ending
June 30, 1905, gross, $381,717; net, $132,460; interest, taxes, etc.,
$172,0 .;0; balance, def., $39,560.— (V. 78, p. 14*6.)
from 1888
Kansas City Clinton &. Springfield By.—Owns from Olathe,
Kan., to Ash Grove, Mo., 154 miles; Raymoie Jet. to Pleasant Hill,
Mo., 8 m.; Arcadia, Kan., to 8i>ring£eld, Mo., 85 miles (aoquired Sept.,
1901 from Kansas City Fort Scott & Memphis RR.); total, 247 miles,
•took, $1,775,400. Bonds were guaranteed by the K. C. Ft. Scott &
Mem. RR. (old co.) Under purchase from K. C. Ft. 8. & M., $2,000,000
six p. 0. bonds of that oompanv, were assumed. For year ending
June 30, 1904, gross, $399,5 2; net, $136,311; other Income, $481; Interest. $283,660; bal., def., $1 46,868.- (V. 73, p. 236, 723.)
Kansas City Fori Scott
Memphis By. (See Map of St.
Louis dt Son Francisco Railroad Company.)—Operates road extending from Kansas ( :lty, Mo., to Memphis, Tenn., and branches,
916 miles. Including traokage 85 miles from Arcadia to Springfield,
Mo., owned by K. U. Clinton & Springfield Ry. (which see above). Also
has a controlling interest in stook of the K. C. Mem. & Birm. RR.,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch,
285 m. .and of K ansa* City <S Memphis Ry. A Bridge Co., owning bridge
aoross Mississippi River at Memphis, 3 miles. Total, 1,201 miles.
Organization.— Incorporated on June 14, 1901, and is vested with
the proper y of the former Kansas City Ft. 8. & Mem. Railroad other
than the 85 miles from Arcadia to Springfield, sold to the Kansas City
Clinton & Springfield; also controls other mileage. V. 73, p. 1237. See
V. 72, p.4S8, 532. 675, 988. The St. Louis A San Francisco RR. owns
the entire stock and leases the road, guaranteeing the bonds of 1901,
principal and interest, and 4 p 0. on preferred stock trust certificates.
.Stock- -Common authorized, $45,000,000; outstanding, $15,000,60 °y st Louie & San Francisco RR The pref. stook,
2Sft ^IL
($15,000,000 authorized, of which $13,510,000 is outstanding, par
is deposited in esorow.and against it are issued trust certificates
$100)
of the St. L. & San F. RR., the latter having the option to retire the certificates at any time at par, and obligating Itself to pay oft the whole
Issue In 20 years from date (Oot., 1901), meanwhile obligating Itself
to pay quarterly dlvs. of 1 p. 0. thereon. See V 72, p. 1238
Bonds.— The refunding Donds or 1901 (limitea to $60,000,000) are
to be secured by all property now owned, or hereafter acquired with
the proceeds of the refunding issue. Of the bonds, $11,650,000 were
subscribed for in June, 1901, about $31,025,770 were reserved for
oxohange against the face amount of underlying bonds, $3,000,000
for refunding purposes, $5,000,000 for improvements, betterments
,
1
&
1
^
and new equipment at the cumulative rate of $600,000 per annum,
and the residue, as well as any bonds not used or required for refunding purposes, will be reserved for issue for additional lines and extensions, at not exceeding $22,500 per m. thereof As to guaranty on bonds
Of 1901, see '•organization" above. V. 75, p. 853. See V. 81 p. 559.
Mem. Ry. guaranteed the Interest on all
In 1902 the K. O. Ft. Scott
Birm. income
except $398,780 of the $6,322,780 Kansas City Mem.
bonds, beginning Mar. 1, the bonds so guaranteed being stamped with
a provision making them subject to call at any time within 10 years
from Sept. 1, 1902, at 95 and interest. V 74, p. 477, 577. Equipment
notes, $65,510 fives, due quarterly, July 1, 1904, to Oot. 1, 1908.
Birmingham Brit bonds are guaranteed, pnn. and int.. Jointly by
Kansas Citv Memphis A Birm. and St. L. & San Fran. V. 75 p. 1147.
—(V. 81, p. '264, 559. 1044.)
,
&
&
Kansas City Memphis & Birmingham BB.—See Kansas
& Memphis Ry. above.— (V. 75, p. 1147.)
Kansas City Mexico & Orient BK.— (See Map.)— Projected
Oity Fort Soott
to extend from Kansas City, Mo., to T>polobampo Bay, Mexico, on the
Pacific coast, 1,629 miles; also a out-off from San Angelo to Spofford
Junction, Tex., connecting there with Mexioan lines for City of Mexico.
In October, 1904, one-half of the line was graded and several
sections were completed and in operation. Thl« Includes 146 miles
from Wichita, Kan., to Canton, Okla. Track-laying Is in progress from
Sweetwater, Tex , north toward the Red River, and the grading i« prao-
done been Sweetwater and Fairvlew Considerable grade work
has been done between Sweetwater and San Angelo, Tex. (76 miles
being opened in Oot 1905), and between Wichita and Emporia, Kan.
Work will be pushed north from Wichita towards Kansas City.
In Mexico a seotion of 65 miles from the Pacific tormina- eastward
has been finished and put in operation and the grading begun on the
ext section A trackage agreement has been m ade with tLe Chihuahua
A Pacific for use of its line of 125 miles from hthuahua westward.
(See V 71, p 181; V. 75, p. 1253). The work of building from both
ends of that line is in progress, the grade having been carried from
Minaoa westward through the mountains about 40 ulles. From Chihuahua eastward the road is oompleted and operated toSanSostenes,
72 miles, and grade work is progressing toward the Rio Grande. On
Jan. 1, 19o6, about 1,000 miles are expected to be in operation. Inducing the Pacific Coast division and the line from Kansas City to
Sweetwater, Texas, about 638 miles. V. 80 p 871. The company has its own ooattwise service from Topolobampo, and the
Hamburg- American SS. Co. has contracted to establixh a trans-Paciflo
line as soon as the railroad Is completed. (V. 77, p. 401.) Liberal subsidies have been granted by th« Fei eral and State governments in
M* xico. See prospectus. V. 75, p. 1253, and v 81. p. 559
The Kansas City Outer Belt & Electric RR. (see that oompany below) will, when oompleted, afford terminal facilities and an entranoe
into Kansas City. V. 76, p. 331; V. 80, p. 871.
Securities.—Stook authorized, $20,000 per mile each in common
and non-cumulative 4 per cent preferred stook; outstanding April
Stook is held in a
1905, pref., $1,232,400; common, $2,999,^00.
voting trust for 10 years or more. Bonds (U. 8. A Mexican Trust Co.,
trustee) are issuable at $22,500 per mile, single main track, $15,000
per mile of yard and terminal track, and $12,<i00 per mile of double
track, constructed or acquired; also, $2,500,00 for extra work in
Sierra Madre Mountains, $5,000,000 for terminal facilities at Kansas
City or Topolobampo, or both. -nd $10,000,000 for future requirements and additional rolling stook at not over $1,000,000 yearly, beginning Feb. 1, 190^. V. 78, p. 102. In Aug 190% naae an agreement with St. Louis Union Trust o as trustee to secure $2,0t 0,000
oar-trust bonds. V 81, p. 777. Mexico & Orient Townsite Co. bonds,
tioally
,
i)
(
,
•'
V. 78, p. 1109, 1113.
Officers.— President, A. B. Stilwell: Vice Pres.. Gnrique C. Creel; W. W.
Sylvester; Geo. Crooner and J. 8. Braithwaite; Vice-Pres and Gen. Mgr.. Edward Dickinson- secretary. Neal S. Doran; Treas.. W. A. Rule. AmoDgthe directors are Ge -rge J. Gould, J. T. Odell, ttussell Harding, W. C. Procter and
Robert
C. Clo«rry
-(V. 79,
2456; V. 80, p. 871; V. 81. p 559. 725, 777.)
stook, $4,016,000
(par $100), and $2,983,500 "B" bonds were purchased in Nov., 1900,
by Mo. Pao. Ry., which see; also Sdpp. of Jan., 1903.
Kansas City Outer Belt (steam) & Electric
This
company is constructing a belt line road at Kansas City, the main
line, double traok, being 7 miles in length, extending from No.
Kansas City to the Kaw Valley on the west, with bridge aoross the
Missouri River To be completed about January. 1906. Will afford
an entranoe into Kansas City for the Kansas City Mexico A Orient Ry.,
and connect with the various steam roads entering that city. Arrangements are also proposed with certain projected suburban electric
roads.
Incorporated in 1902 by interests friendly to Kansas City
Mexico & Orient Ry. V.75,p.l84; V. 76, p. 331; V. 80, p. 871.
Securities.— Stock authorized, $2,500,000 common and $2,250,000
4 per cent preferred. The stock will be held in a voting trust of ten
members until the full dividend shall have been paid on the preferred
for five consecutive years. See V. 76, p. 331. Of the $3,000,000 authorized 1st gold 4s (see table above) $2,000,000 have been sold; the entire
cost of construction and equipment was estimated at not over $2,000,000 in bonds, leaving balance for extensions and improvements.— (V.
75, p. 184; V. 76, p. 331; V. 80, p. 871, 2399.)
Kansas City Southern By.— (See Map.)— Operates a line extending from Kansas City, Mo., to Port Arthur, Tex., (thence by Its
p. 151,
Kansas City Northwestern BB.— Entire
KB.—
78
RAILWAY STOCKS AND BONDS.
[VOL. LXXXI.
—
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
RAILROADS.
For explanation of column headings, &c,
on first page of tables.
Miles
of
eee note<
Size, or
of
Par
Road. Bonds Value.
Kan. Oily Shrevep. «C Gulf Term'l— 1st M., red. 105
rf KK. -K. & I. B. 1st M.,g., assumed..
S.o*
1st oonsol. mortgage, $2,500,000, sold
*>8n0,000,g.See text
Kentucky <t Tenwutee—lot
162
Keokuk <e Des Moines— Preferred stock, 8 per oent
0*
162
1st mortgage, interest guar. C. R. I. & P
Keokuk <t Hamilton Undue— 1st uiortga ire
Kewaunee Oreen hay <& Western— 1st mortgage. F.O
113
Kingston <t Pembroke — 1st M. srold
12
Klondke tfinex — 1st M $30,000 per ill
KnoxviUe dt Ohio— See Southkrn Ry.
Lake Erie <t Detroit River— See Pere Marquette RR.
Lake Erie & Western—Com. stock, $20,000 p. m. 725
725
Pref. stock, 6 per oent (not oum.) ($20,000 p. m.)
Ce o* 725
lBt iuortgage, ($1 0,000 per mile) gold
2d mort., for $3,625,000 ($5,000 p. m.) gold.Ce.0 725
Lake Shore dt Michigan Southern Stock
Guar. 10 per cent stook»(Mioh. So. & No. Ind.) ...
o**r 1,000
1st mortgage, $50,000,000, gold.CJs
c\fcr
Debentures, $50,0< '0,000, gold. G
"55
Detroit Monroe & Toledo 1st mortgage, guar. c
Kalamazo & Wbite Pigeon 1st mort.. guar. I'm.. c
37
41
Bat. Cr. & Stur. 1st M., g.,guar. p.<t (.(see M.Cen.)
Ken .dtl.hr
M
Date
.
,
.
.
—
.
Sturgis Goshen & 8t. L. 1st mort., g., p. & 1.
Kal. Allegan & Gr. Rapids stock, rental guar
1st mortgage, guaranteed. Dm
Erie & Kalamazoo (l'sed) st'k, Toledo to Palmyra
Lake Shore System— Mahoning Coal RR.—Stook
Pref. stook, see text
1st M., Youngs to And., etc., guar. p.&i. (end).l' no
L.Supd: Is/ipem. Ry.— 1st M.,$ 1.200,000. g.,8.f.F.O
L.Tahot Ry <6 Tr. Oo.~ lstM..g.,$500,OOOs.f.,beg.'05
IN. V < 'Mitral holds *45.v8».200 of this.
guar.
36
58
58
26
47
47
47
20
16
owned—
Miles.
I
100
100
1887
1891
1,000
1,000
100
100
1897 l.OOO&c
1903 l.OOO&o
1876
1,000
1890
1,000
1889
1,000
1889
100
1888
1,000
50
50
50
1884
1.000
1896
1.000
1901
1,000
Lines owned—
Mues
Kansas City, Mo., to Belt Jot.. 12 Branches to Fort Smith, De
Grand View, Mo., to Port ArQ ilnoy, La., etc
765
Trackage—To Gr'd-Vlew.Mo
thur, Tex
I
I
fil
|
11
Total
8*9
Also oontmls Arkansas Western Ry., Waldron to Heavener, Ark.,
operated by K. C. bo. officials since Aug. 15, 1905. V. 79, p. 2211.
Organization.— a reorganization of Kansas City Pitts. * Gulf RR.,
foreclosed in 1900 per plan V. 69, p. 1012, 1062. V. 73. p. 1356; V.
74, p. 94. As 'o control, see V 80, p. 997.
The voting trust having expired April 1, 1905, a new management
was elected In May, 1905. Extensions are to be built, including one
V. 80, p 1971; V 81, p 559.
to New Orleans.
Seoi bities. Of the amounts shown as outstanding in the table
above there were in the treasury on June 30, 1904, $1,489,725 common
stook and $622,6 5 preferred stook.
Latest Earnings.— 12 ) 1904-5.Gross, $6,627,752; net, $1 5 6 0.462
mos.. July 1 to J une 30. s 1903 4 Gross, 6.450.3v0; net. 1.750^87
For 9 mouths ending Mar. 31, 1905. net, $1,451,809; other income.
$77,02 ^; charges, $^17,423; iruprovm'ts. $2'6,105(bal..sur $5*5,310.
Statement covning operations from April 1, 1900 (termination of
receivership) to Dec. 31, IPO*, was given at length in V. 80, p. 1370.
Report for year ending June 30, 1904. in V, 79, p 2201, £211.
1903-04.
1901-02.
1902 03.
Gross earnings
$6,450,320 $6,010,458 $5,450,871
Operating expenses
4,519,179
4,358,809
3 616,126
,
Net earnings
Total net inoome
$1,901,141 $1,651,649 $1,834,745
$1,976,794
1,731.452 $1,9*0.120
150,254
151,416
128,850
899,989
899.985
821,263
73,528
83,673
27,681
Taxes
Interest on bonds
Miscellaneous
Balance, surplus
$853,023
$652,370
$916,334
Directors. - hairman, Hermann -ilelcken; President, J. a. Edson;
Vloe-President, H R. Duval: .1. W. Gates, of Chicago; James A. Blair,
Ernst Thulm<tnn, H. R. Duval, Samuel TJnt,ermyer, Johi Grlerson,
D. G. Boissevain of New Yo^k; John J. Mitchell, of Chicago; H C.
Pierce and s W Fordvoe if St. Louis; G. M. raig, Port Arthur, Tex ;
W. F. Harrity, Philadelphia, Pv, Secretary is R B. Sperry: Gen.Mgr.,
William Coughlln. Office. *5 Broad St.. N. Y.— (V 81, p. f-59.)
Kansas City Pittsburg 6c Gulf RR.— See K. C. Southern Ry-
Kentucky
Indiana Bridge
6c
6c
Kalroad Co.— Owns
steel
cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind., and 5 miles of
belt line in Louisville
also owns Louis. & New Albany Ferry Co.
Successor Jan. 31, 1900, to Kentucky & Indiana Bridge Co., sold
in foreclosure subject to the $1 ,000,000 first mortgage. The Southern
Ry., Bait. & Ohio Southwestern (B. & O.) and Chioago Indianapolis
<fe lxraieville own the $75,000 oapital stock, and pay monthly
in proportion to oars handled, any deficit in operations. Of the $2,500,000
first oonsol. 4s, $ .000,000 were reserved to retire the old 5s at ma
tority and $500,000 for Improvements and betterments. V. 71. p. 492
Earnings.— For year ending June 30, 1904, btoss, $242,74 8; def.
under int. charges, etc., $194,657. President W. H. McDoel; Sec. and
Treas.. H. v. Heazlitt; Gen. Mgr., W. M. Mitchell. -(V. 71, p. 287, 342.)
Kentucky 6c Tennessee Ry.—V. 81, p. 975, 1100
Keokuk 6z Des lUoiiies Ry.—Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chicago Rock Island & Pacific Railway, the lessee to pay 25 per
oent of the gross earnings, but guarantees the interest (not the principal) on the honds. 8took Is $1,524,600 8 per oent preferred and $2,600,400 common (par $100), a majority of which is held by the lessee.
DlVXD'D8.- j 1894. 1895. '96 to '98. '99. '00. .'01. '02. '03. '04.
Oi.
On pf p. o. s 95 cts. 90 cts. None.
**
1 >« None
2
h
Rental: In 1903-04, $137,5< 0; in 1902-03, $156,574.— (V. 68, p. 772.)
Keokuk 6c Hamilton Bridge Co.—Owns bridge across Misi
alssippi River at Keokuk, la., for railroads and foot passengers. The
property was originally leased to four companies, but only two companies now use it. these being the Toledo Peoria & Western and the
Wabash Regarding guaranty see V. 59, p. 969. On Judgment of
1889 $203,000 has been collected; on judgment of 1894, $142,000;
in Apr, 1901, $142,000 was awarded. V. 72, p. 821. Stook, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, and part of overdue interest is paid as earnings permit
Last coupon paid was second half of No 43 (due Oct., 1890), In June,'05.
Earnings -Year ending June 30, 1905, gross, $55,983; net, $41,
394; other income. $i ,3*3; Int. on bonds, etc., $45,016; bal., sur., $7,721 In 1903 4 gross. $49,475; net, $32,866.
Pres., Andrew Oar;
,
l
11
.
negle; Treas.. Theodore Oilman, 55 William St., N.Y.— (V.72, p. 821.)
Central
V. 80, p. 2219.
Keweenaw
Kingston
6c
Outstanding
1897
$500
1881 250 <*o.
1900
1,000
1905
100
1878 100 &o.
1869
1,000
1891
1,000
1882
1,000
1905
ship canal 7 miles to deep water on the Gulf of Mexico), with br anchor
and extensl ve terminals used by various roads entering Kansas City
Lines
Amount
KK.—
Pembroke Ry.—Owns from Kingston, Ont., Can., to
Renfrew on the Can. Pac, 104 miles; branches. 9 miles Reorganized
In 1899 per plan V. 67, p. 274. Stook, $1,000,000 first pref 5 p. o.
non oum., $150,000 second pref. 3 p. o. and $2^00,000 common. The
Canadian Pao. will lease the road and owned on June 30, 1904,$1,130,
79
INTEREST OR DIVIDENDS.
Rate per When
Where Payable, and
Payable
Whom.
Cent.
4
$150,000
F.
& A
& a.
& O
honds— Prlnoi
When Due.
8tocks— Last
Dividend.
pal,
by
120 Broadway, N. Y.
Aug.
1.
1927
Louisville.
March, 1911
N. Y., Standard Tr. Oo Apr. 1, 1950
A.
£50.000
6 g. M. <fe S Oent. Tr. Co., Chi ago Sept., '08, '23
1.524,600 See text. See text N Y., Offloe, 71 B dway May 2, '04,11s
do
O.t. 1, 1928
do
A. & O.
5
2,750,000
A.
O. 55 Wm. 8t. As earned April 1,1899
1,000,000
8
D. N. Y., Office 40 Wall St June 1, 1921
J. &
408,000
5
Jan. 1, 1912
N. Y., 45 Broadway.
J. & J.
572,000
5 g.
* g
1.0OO.000
1,069,000
m.
&
J.30&D Bk Br No. Am., London Dec. 31, 1924
860,000
11,840,000
11,840,000 3 in 1S05 J.
J.
7,250,000
£ g J.
3,625,000
z 49,466,500 81nl9(j5 J.
F.
10
533,500
50,000,000
3»a g. J.
M.
50,000,000
924,000
i<- F.
J.
400,000
5
J.
79,000
i g J.
322,000
3 g.
595 A.
610,000
J.
5
840,000
300.0O0
F.
10
1,500,000 io in *o; F.
J.
661,850
5
J,
1.500.000
5
-
-
265.000
300.000
6g.
5g.
J.
A.
& 3. N.Y. Offloe, Gr. Cen. Sta
& J. N. Y., Chase Nat. Bank.
do
do
& J
& J. N.Y.,Grand Cent. Stat'n
do
do
& A
& D
& S. Coupons at Grand
Cent. 8ta'n, N. Y.
& A.
& J. Registered lnt'st on
& D.
3»s8byU S.Trust.'
& D.
N. Y., and on de& O.
ben, by Gu. Tr. Co.
& J.
& A. N.Y., Lincoln Nat. Bank
& A. N. "Y, Gr'd Cent. Stat'n
& J. N. Y., Union Trust Co.
do
do
& J.
& J N.Y.. Farm. L. & Tr.Co.
& O San Fran. Merc. Tr. Co.
Julyl5,'05,l%
Jan. 1, 1937
July 1, 1941
July 29, '05. 4
Aug., 1905,5%
June
1997
1928
Aug. 1, 1906
Jan. 1, 1940
Deo. 1, 1989
Deo. 1, 1989
Oct., 1905
July 1, 1938
1,
Sept. 1,
!
5
I
Aug., 1905. 5%
Aug. 1, '05, 3%
Jury.'05,2is%
July 1, 1934
Jan.
Oot.
1,
1,
1926
1931
100 pref. and $1,777,650 com. stock. V. 77, p. 636, 1 221. First dlv. on
Year endlet pref., 1 p. c, paid April 2, '01; none since to May, '03.
ing Deo. 31, '04, gross, $189,304; net, $26,621; int., $17,160; balance,
surplus. $9,461 —<V. 73. p 1160.)
KIre ud the lnines Ry.— Dawson City to Grand Forks, 12 miles,
about <•( mpleted Aug.. 1905, projected from Graud F Tks to the
Stewart River, 72 miles. Stook, $i.500,000. Bonds, see table above.
V. (j i. p. 72*. Pres., J. A. Seybold; Secy., Andrew Hayden, 19 Elgin
St., Ottawa. Canada— (V. 81, p 725*)
Kona 6c Kau Ry., Hawaii.—V. 75, p. 289; V. 76, p. 542.
Lake F.rie 6c Western Railroad.— Road— Owns Sar dusky, O.,
to Peoi la. 111., 420 miles, and branch to Minster, 10 miles; Indianapolis
Co Michigan City, 162 miles; Fort Wayne to Connersvllle and branch to
Rushville, 133 miles; total owned, 725 miles; leases Northern Ohio
RR.. Akron to Delphos, 162 miles; total operated, 887 miles.
History, Etc.— Formed In 1887 after foreclosure of the Lake Erie
& Western Railway. (See V. 50, p. 590.) In 1899, control passed to the
Vanderbllts, and on Jan. 1, 1903, the Lake Shore & Michigan Southern
owned $5,940,000 common and $5,930,000 pref. stock. V. 71, p. 1269.
Dividends J '91 '92 '93 to '98 '99 1900 '01 to '03. '04. 1905.
2
3
on pref.— I 4 4%
5 yearly
4 yearly 3
In 1903 and 1904, Jan., 1 p. c; July, 1 p. c.
Bonds.—Abstract of first mortgage In V. 46, p. 45; of 2d mortgage In
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
Earnings.— For 6 mos. ending June 30, (1P05 partly estimated.)
6 mos.
ffet.
Gross.
Oih.ine. Oharge'.
D>v prtf Ral.,def.
1905
$2.277,8 ^4 $590,472 $2,757 $4^8 002 (1%)$1 18,400 $23,173
521
463.699 (1%) 11^,400
1D01
2.32\228 581,578
Annual Report.—Annual report for 1904 was In V. 80, p. 1232.
Year end. Dec 31.
1904.
1903.
1902.
ftross earnings
$4,9^8,00 $5,218,728 $4,P99,340
Net (Inol. other Inoome)
1,323,179
1,370,935
1,357,435
Deduct taxes
213,913
204,522
20S018
Interest on bonds
543,750
543.750
543,750
125,000
No. Ohio int. guar.
125,000
125,000
(3)355.?O0 (4)473.600 (4)473,600
Dividends on pref. Stook
Rentals
29,368
26 589
X
Additions and betterments
1
44,658
78,569
—
Balance, surplus
$11,289
$15,409
tin 1902 distributed under items in operating expenses.
(V. 79, p. 2T44, 2747; V. 80, p. 1282, 2458.)
$10,565
Lake Snore 6c ITHcblgan Southern Hallway.— (See Map
y. Y. Central J— Operates from Buffalo to Chioago with branches. The
line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich, under lease from the Erie & Kalamazoo.
Road owned directly.
Miles.
Leased, [Msee this Co.]
Miles.
Buffalo, N. Y., to Chioago. Hi.. 540 Kalamazoo A. & G. R. .......
58
main
Sundry branches
Entire stock owned.
Detroit & Chioago
Detroit Monroe & Toledo
Kalamazoo & White Pigeon...
Northern Central Michigan....
SturglsG ASt.L
Jamestown & Franklin ......
51
Mahoning Coal RR
72
26 Erie & Kalamazoo (26 m.)
Text.
55 Detroit Hillsdale & S. W...H
65
33iJ
37
Fort
Wayne
<fe
Jackson
98
it
61
36
Central Trunk
Grand tot. oper. Jan. 1, '05. 1.454
5
Elkhart <fe Western
11
Of whioh owned
1,110
Of the main line 554 miles has double track. By control of " Nlokel
Plate" the Lake Shore has still another line from Buffalo to Chicago.
Operates Dunkirk Allegheny Valley & Pittsburg, Dunkirk, N. Y to
Titusville, Pa 91 miles, since Oot. 1, 1901, for aoeount of New York
Central -(V. 73. p 663 ) With the Michigan Central operates the Detroli Toledo & Milwaukee RR., Allegan to Dundee, Mioh., 133 miles.
V 74 p. 379: V. 76, p. 1026
Tne Lakn Shoe aud the Michigan Central are building the Indiana
Harbor RR lrom ni-ar Chioago to Danville, 111., loO miles. V. 80, p.
1«1'2 Contract for branch from Franklin, Pa to Brookville, 5o miles,
was let in Aug., 1905.
Organization, dec. A consolidation on August 16 1869.
In
February, 1898, a majority of the oapital stook was purchased by the
8f. Y. C. & H. RR., whioh gave in exohange its 3>a p. o. bonds at the
rate of $200 in bonds for $100 In stock. V. 66, p. 288. In 1905,
$45,289,200 stook had been exchanged. V. 69, p. 1237.
N. Y. hioavo &st. Louis road has been controlled by ownership of
stock since 1882, Lake Shore now owning $6,240,000 of its common.
S6.275.000 of its 2d preferred and $2,503,000 of Its 1st preferred stook.
The company also controls and leases the Mahoning Coal RR. [see Lake
8hore "System" below] and owns (besides entire stock of proprietary
lines) $5,0( 0,100 Pitts. & Lake Erie stook; $11,224,000 of the $27,997,700 Cleveland Cln Ohio. & St. Louis common stock also $5,940,000 of the $11,840,000 common and $5,930,000 of the $11,840,000
Lake Erie * Western preferred V. 71, p. 1269; V 72, p. 870.
In 1902 purchased $4,870,500 of the $5,000,000 stook of the
Indiana Illinois
Iowa RR., operating line from Seatonvllle, 111., to
St Joseph, Mloh., 2' 2 miles. V. 73, p. 135H; V. 74, p. 41. In 1901
purchased from surplus earnings $3,200,000 Lehigh Valley RR. stook
for $1,920,000: total Lehigh stook owned, $5,70' .000. V 74, p. W79.
Also owns one-half of the $60,665,000 Re<tdln« Co stock acquired
by the Pennsylvania-Vanderbilt interests, viz., $6,065,000 first prefer,
,
,
i
;
&
—
;
RAILWAY STOCKS AMD BONDS.
80
RAILROADS.
For explanation of column headings, &c, see notes
on first page
of tables.
Miles
of
3
42
63
15
22
63
15
North'ton, 1st M.,g., $300,000, gu.,red. 105-FPc*
Lehigh
Delaware 1st mort., not ass'd, red 105 ....
All
Consol. mort., $3,000,000, g., call 105
Lehigh Valley—Common stock.
Pref. stock, 10 per cent (V. 79, p. 151, 269).GP
101
1st mortgage, o. and r., ext. In gold In 1898. .GP
r
101
2d mortgage
Consol. mort., J coup. & reg., $4,762,000 4*28. c<fcr 461
\
$40,000,000, $ annuity, $2,538,000 are 4^8.
mmm
Gen. consol. mort.,$150,000,000,gold GP..c*&r.
Collat. trust bonds, about $19.0t 0,000, see text.
117
p. .o*&r
Lehigh A N. Y.. 1st M.. g., guar. p. <fe 1.
Leh. Val. of N.Y., 1st M., g., gu.p. A l.(end.)GPo*<fer 283
31
<fci.,end.Ce.c*<fcr
Leh. Val. Ter.,lst M., gold, gu.p.
60
Easton A Amboy.lst M.Easton to P.Amboy.gn...
12
Easton A No. 1 st M. gold, guar, by L. V al. G Po*<fcr
22
Middlesex Valley, 1st mort. $600,000, gold .Ce.c*
mmmm
Penn. AN. Y. Can. &RR.— lstm., endors...c*(fer.
A
GP
FP
,
,
Size,
or
.
,
,
Consols (see text) guaranteed p. A i. (end.). GPr
Elmira CortPd A No. 1st pref. mort., gold.. Ce.c*
....
119
119
1st M., gold, guar. p. & f. (end.). Ce
Can.No.lstM.,g.,gu.p.<fei.byE.CAN.(V.76,p.l406)
Lehigh & Lake Erie 1st M.. $3,000 000 auth
Morris Canal stook, 4% guaranteed 999 years
Preferred stock, 10 p. c. guar. 999 years
..
Par
of
7*
1*
.
I*
777 778
—
:
V
Lake Sbore System.— Itlabonlng Coal RR.—Owns
from
Youngstown
to Andover, O., and branches, 47 miles. Branch (praosecond track) from Donghton to Plymouth, on the Lake Shore,
43 miles, of which 18 m. built by Lake Shore, was oompleted in 1903.
Leased In perpetuity for 40 p. o of gross earnings to Lake Shore, whloh
Jan. 1, 1905, owned $865,900 common and $399,500 preferred stook.
Dividends.— ) 1889. '90. '91. '92. '93 '94. '95 to Aug., 1905.
On common.
$413%
4*3
5
8 10 (Feb.7%.Aug. 3%)
8^
8
The preferred stook certificates are 5 p. o. guaranteed and contain
a clause making them redeemable at par at option of oompany.
For year ending Deo. 31, 1 902, rental, $668,207; surplus over Int.
and 10 p. o. on com. and 6 p. o. on pref., $408,354.— (V 66. p. 897.)
tloally
Lake Taboe Ry A Transportation Co.—Truekee to
Tahoe,
15 miles, narrow gauge, operated during tourist season from May
15toOct.l5in connection with steamers and hotels, also owned. Stock
$500,000, all outstanding. Mortgage oovers also steamers, wharf and
hotel property costing $250,000; sinking fund becomes operative In
1905; Mercantile Trust Co., San Franoisoo, trustee V. 74, p. 479. Year
ending June 30, 1904, gross, $36,005; net, $13,806; deductions. *16,323; baL, def., $2,517. Pres ,D L. Bliss, San Franoisoo, -<V 74, p. 478.)
Landing Manufacturers' RR.—See Chronicle Oot. 28, 1905.
Laramie Halm'* Peak A Pacific Ry.—In Oct., 1903, grading
completed from Laramie, Wyoming, via Centennial, 30 miles, to be
operated In summer of 1906; extension proposed from Centennial
to Grand Encampment, being balance of 100 miles. Stook authorized,
$9,000,000, all com., to be issued at late of $90,000 per mile; par of
shares $10. (See V. 77, p. 824). No more bonds to be issued for first
30 lulles. V. 79, p. 968, 2205. President, Fred. A. Miller, Laramie,
Wyo.— (V. 77, p. 824; V. 79, p. 968, 1642, 2^05.)
Cal.,
Leavenworth Terminal Railway A Rrldge.—Owns
high-
railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
In that olty. The mortgage contains a sinking fund provision. Kansas City St. Joseph A C. B. (Chicago B. A Q.) and Chicago R. I. A p.
use the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894, and Chicago Gt. Western from Sept. 1, 1895, for 30
years; rental $14,250. For year 1904 05, gross, $5 .7^)0; net, 826,641
Int. on bds., $30,000; baL, def $3,359. Stook, $600,000.— (V. 69, p. 494
Lebigh
Hudson River Ry.—Owns from Greycourt, on Erie
BB., to Belvldere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
lines: Orange County RR. (entire stock owned—no bonds Issued), Hudson Junotlon to Maybrook,N.Y.,onCent.N.E.Ry. (Poughkeepsle Bridge),
1
.
A
Stocks— Last
Dividend.
I
and $10,002,500 common stock, the
other half being held by the Baltimore* Ohio. V *0 p. 1856. As to
in majority Hocking Valley Ry. common
purchase of one sixth Interest
stock, see that company. V. 76. p. 102. 158: V. 77, p. 451.
List of stocks of companies acquired during 1900 to 1903, both Inclusive, see V. 78, p. 48, 1904, V 8 0, p. 1852.
Dividends.— ) '90 '91 '92 '93-97 '98 '99 '00 »01 '02 '03 '04, 1905.
Since '89. P.ot. S 5 6*q 6** 6 y'rly 6**
8
The consol. mortgage of 1897 (United States Trust Co., N. Y., and
John T. Dye of Indianapolis, Ind., trustees.) is for $50,000,000 of 3^
per oent gold bonds, tax free, used to retire the several Issues of
78 maturing from 1898 to 1903 (see abstract in V. 64, p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 in refunding said bonds and for general purposes of the company. The
mortgage covers 829'54 miles of main line and branches a considerable portion being double tracked— and 18111 miles of leased lines.
V. 66, p. 1140: V. 68. p. 1182; V. 73, p. 1264; V. 75, p .290; V. 77, p. 9035.
Of the $50,000,000 authorized debenture 4s of 1903, $40,000,000
were sold to pay off the $25,000,000 loan marie for the purchase of
Reading stock, which matured Jan., 1904, and floating debt incurred
for other acquisitions; balance sold in 190 •. They are to be seouren by
any new mortgage. V. 77, p. 1747. 2035; V. 78, p. 48; V. 80. p. 1912.
Udaran ties.— As to guaranties additional to those shown in table
above see Detroit Hillsdale A S. W. and Fort Wayne A Jackson.
General Finances.—Nothing has been ohargea to construction or
equipment account since 1883, the outlays oharged to operating expenses for new equipment amounting in 1904 to $2,776,034 and in 1903
to $1,788,110, and for construction to $2,78 1, 2"2 in 1904, against
$4,527,136, these items being exoluslve of expenditures for renewals.
Profit and loss surplus Jan. 1, 1905, $16,888,066. Low grades permit
large train-loads average for 1904, 588 tons, against 614 in 1903.
Earnings.— For 6*aionths ending June 30 1905.
Olh"r ine
Charge*.
Balance
6 mos.
Gross.
Net.
1905
$18,166 943 $1,3' 2 091 $960,000 $2,910,000 $2,372,099
1804
4.300 960
960 000
2,910,000
17,138,246
2,350.960
Annual Report for 1904 was In V. 80, p. 852.
1902.
Tear end. Dec. 31—
1904.
1903.
$30,449,292
Total gross earnings
$35,161 0^3
$34,768,081
21,9x9,064
27,711,157
Oper. exp. A taxes
28,234,281
$8.460,V29
Net earnings
$6,9^6,772
$7,056,924
Net, lnol. oth. income
$9,497,747
$9,393,794
$10,128,793
Rentals paid
1,104,191
1,042,667
1,0 8,797
Interest on debt
2,297,252
3.765,223
3 917 852
Dlvid's on guar, stook
53 350
5?,350
53,350
Dividends
(7)3,462,655
(8)3,95 7.320 (7ig)3,709.987
Surplus over dlvs,
.. ..
$ 00,422
$761,042
$3,272,869
(V. 80, p. 1 852, 1856, 1912, 2458. 2621;
81. p 559, 613.)
way and
bonds— .Principal, When Due.
1904 $1,000
$40,000
J.
Amer L. ATr Co.,Bost. July 1, 1929
1893
1,000
600,000
J.
N. Y., Central Trust Co. Jan. 1, 1928
1881
1,000
800,000
J.
N. Y., Nat'l Exch. f July 1, 1911
1887
1,000
164,000
July 1, 1917
5 g. J.
Bank, and First
1879 500 &o.
145,000
A.
1,
National Bank, 1 July 1, 1911
1881 500 Ac
240,000
A. A O.
Apr.
1912
Warwick, N. Y.
1890
1,000
1,124,000
July 1, 1920
5 g- J. A J.
1895
1,000
1,000,000
Phila., 929 Chestnut St. July 1, 1945
5 g- J.
1902
1,000
300,000
do
do
Jan. 1. 1952
5 g. J.
1904
1,000
750,000
J.
July 1, 1954
do
do
5
1903
1,000
1,380,000
do
A. & o.
do
Oct. 1, 1953
5g.
50 40,334,800 4inl905 J. A J.
Checks mailed,
Julyl5,'05,2%
50
106,300
July 15, '05,5
do
do
J. A J.
10
1868
1,000
5,000,000
J. A D. Phila. Of., 228 So. 3d St. June 1, 1948
1870
1,000
do
6,000,000
M. A S.
do
Sept. 1, 1910
1873
1,000
10,400,000 4ifl&6 J. A D.
do
Dec. 1, 1923
do
1873
1.000
12,600.000 4ia & 6 J. & D.
do
Irredeemable.
do
1903 1,000 Ac 20,100.000
Philadelphia.
May 1, 2003
M. AN.
1905
See text
1895
1,000
2,000,000
4g. M. a"s, Phil.,Leh' Val.Of & N. Y. 8ept. 1, 1945
1890
1,000
15,000,000
4*3g. J. & J. N.Y., J. P. Morgan & Co. July 1, 1940
1891
1,000
Philadelphia.
10,000,000
.* A. a o. Phila., Of., 22» so. 3d St. Oot. 1, 1941
1880
1,000
May 1, 1920
6,000,000
M. & N.
1895 500 &c.
Nov. 1, 1935
51.000
do
do
4*sg. M. & N.
1892
1,000
Nov. 1, 1942
Philadelphia.
211,000
M. A N.
1866
1,000
June 1, 1906
1,500,000
do
J. & D.
1888
1,000
8,500,000 4, 4ifl, 5 A & O. Phila., Lehigh Val. RR. Apr. 1, 1939
1884
1,000
Apr. 1, 1914
750,000
do
do
A. A O
1884
Apr. 1, 1914
1,000
do
1,250,000
do
A. a o
1886
300,000
July 1, 1906
do
do
6g. J. & J
1905
See text.
100
706,700
4
P. A A Phil, office, 228 8.3d St. Aug., 1905,2%
100
Aug., 1905, 5%
do
903,600
do
10
F. & A.
red, $14,265,000 second preferred
—
INTEREST OR DIVIDENDS.
Amount
Outstanding Rate per When Where Payable, and by
Payable
Road Bonds Value.
Whom.
Cent.
Laramie B.C. <6 Pae.—lbt M., $80^,000, g A R. c'
Leavenworth Terminal Ry. A "Bridge— 1st M., g.Ce.
Lehigh <t Bud. River— 1st M.,g.,int.red'o'dto5p.c.Ce
2d mortgage, gold
Warwick Valley 1st mort., extended In 1900
2d mortgage
L.A Hud. R.Gen.M. $3,000,000, g. (see text) Ce.c*
Lehigh <£ New Engl'd—lut M., $1,000,000, gold F P
M
Date
[Vol. lxxxi.
Including trackage, a total of 13 miles; S. E. & P. RR.. Philllpsbur*
to Easton, 1 mile; trackage, Penn RR., Belvldere to Philllpsburg, 13
miles; total oper., 90 miles.
Central RR. of N. J. and Lehigh Coal A Nav. Co. own control. V. 68,^
p. 568; V. 78, p. 2384; V. 79. p. 269. Stook, $1,340,000; par, $100.
Bonds.— Of the $1,124,000 general mortgage bonds out, $1,062.000 are guaranteed jointly, prin. and Interest, by the Cent. RR.
of N. J and Leh. Coal A Nav. Co. An additional $1,535,000 are reserved to take up prior Hens and $330,000 for extensions or acquisitions of connecting roads. See form of guaranty, etc, in V. 67, p. 788.
Equipment 5s, June 30, 1905, $170,000.
Gross, $464,109; net, $171,314
Earnings.— 12 mos., \ 1904-5
Gross. 437,112; net, 200,161
July 1 to June 30. J 1903-4
Surplus overcharges, $27,279 against sur., $52,810 In 1903-4.
Annual Report.—Including Orange County RR., V. 80, p. 469.
Int., tax, etc. Bal.. sur.
Net.
Year end. June 30.
Gross.
$24,437
$196,845 $172,408
1904
$509,408
14.686
180,748
166,062
1903
443,678
Philadelphia, Pa. New direotors Dec,
Lewis A. Riley. President,
1904, V. 79, p. 2642.-(V 79, p. 2747; V. 80, p. 469.)
Leblsh A New England RR.— Operates road from Slatington,
Pa., to Campbell Hall, N. Y., 95 miles, Bethlehem to Bangor, Pa., 31
m.; Bath to Martin's Creek, Pa., 20 miles; branohes, 32 miles: total 178
miles, of which two sections, aggregating 35 miles, are traokage, leaving 1 43 miles owned
V. 79, p. 2642. In Jan.. 1904, Lehigh Coal A
Navigation Co acquired control. V. 78, p. 229, 178 1, 19*2.
Securities.— Stook is $1,500,000; outstanding, $1,000,000; par $50.
Of the oonsols of 1903 ($3,<'00,000) $1,300,000 are issuable to retire
underlying bonds, the remainder for extensions and improvements; trustee, City Trust, Safe Deposit A Surety Co. of Philadelphia.
V. 77. p. 951.
Earnings.— For year ending June 30. 1905, (131 miles), gross,
$326,433; net, $129,426; charges, $114,32'; balance, surplus, $15.106
President, W. Jay Turner; Vice-President, Lewis A. Riley;
Secretary and Treasurer, H. F. Baker.-(V. 78, p. 1962; V.79, p. 2642>
RR.—
(-See .Map.) -Jersey City, N. J., opposite
Lehigh Valley
N. Y. City, to Buffalo, N. Y., 450 miles, with branches, viz.:
Lehigh A N. Y„ Pa. State
Fee or Entire Stock Owned—
Buffalo N.Y., to Say re, Pa..
Wilkesbarre, Pa., to Jersey
City
Elmira Cortland A Nor.H....
Branohes
181
LinetoNo.FalrHaven,N.Y.
Other
Le >*ed —
State Line A Sullivan
174
139 Other..
497 Trat:k.ttge to Snap. Bridgo.eto.
115
70
fl24
4
49
Pa. A N. Y., Wllksb're to Pa.
State Line (with 43 miles
branches)
Total June 30, 1905
1,393
576
140 Second Track
History, Etc.—In 1901 the Erie, Lackawanna, Central of New
Jersey, Reading and Vanderbllt Interests entered the directory. V.
72, p. 137, 391. The Lake Shore A Mich. So. in 1901 purohased $3,200,OOO of the stook V. 74, p. 883. The Reading Co. on June 30, 1905,
owned $1,000,000 and the Pentral RR of N J $1, 00,00J stook V.
Korllst of securities owned, see V 66, p. 187. As to
81, p 971
merger of sub. eos. see V. 77, p. 972; V. 80, p. 1424; V. 81. p. 211.
In October, Ifi05, the entire eapital stock of Coxe Bros A Co.,
owning extensive coal properties in Luzerne and Carbon counties,
Penn *ndof the Delaware Susquehanna A SohuvlkLl RK.. extending
from Drlfton to Oowen. Pa 31 miles, witn branches, 17 miles, were
acquired See General Finances below. V. 81, p 1175,1242.
Coal Property.—The Lehigh Valley RR. Co. owns 3,619 aores of
coal lands and all the ($650,000) stook of the Lehigh Valley Coal Co.,
which In Deoember, 1893, owned anthraolte coal and surfaoe lands:
.
,
Ooal acres.
Esl'd. yield.
124,000,000
7,242
15,217
5,741
111,000,000
8,123
Perpetually leased
47,00o,000
1,708
1,708
Term leases
4.519
50.000.000
Controls through stook owned.. 9.229
Collieries 54. dally capaolty about 30,000 tons. (V. 62, p. 364.) The
Hazelton Coal Co. (chartered in 1896) stook is owned and its $2,000.000 first mort. 5s also owned guaranteed—see V 64, p. 137. Ir 1900 Delano Land Co. was merged in L. V. Coal Co. V 71, p 287; V 79. p 151.
In 1905 300 aores of coal lands, etc, were purchased, and in October,
1905. the holdings of Coxe Bros. <& Co. V. 80. p 1111: v 81, p 1175.
The Coal Co. shipped from oollleries owned 5.605,987 tons in
1904 05, against 4, 27 \ 130 tons In 1903-04; total ooal tonnage In
1904 05 was 7,975,210.
1904.
1905.
) '87. '88 to '91. '92 '93 '94to*03
Drvs. ON COM
Aug.. 1
4
5 yrly. 5H 4 None.
Slnoe '86. P. ot. s 4 1*
Bonds.— The general consolidated mortgage of 1903 will seonre $150,000,000 bonds, bearing not to exoeed 5 p o. Interest, covering the entire road, the stook of the Lehiuh Val. Ooal Co. and other stooks owned.
Of the bonds $10,000,000 were issuab e at onoe, $10,000,000 were reserved to tetire 98, 516,000 oar trusts, ser. A to G inolus.. and $1,535,OoO coal purchase bonds, $96,000,000 to retire at or bef. re maturity
outstanding fixed obligations amounting to $94,130,000, (inoludlng
the collateral trust bonds, and $2,000,000 coal trust certificates of
1V»02, which will be called for payment), on payment of whloh the
general oonsols will be a first lien on all the property of the system,
Total acres.
Owned In fee
—
Oct., 1905.]
RAILWAY STOCKS AND BONDS.
81
82
RAILWAY STOCKS AND BONDS
Vol. lxxxi.
—
5
.
)
RAILROADS.
For explanation of oolumn headings, &c,
Miles
Of
eee note*
£a*<'n--l8tM.,g.,ext.ln'01,red.l02Ce.o*
General mort., gold. Co
r
Madison 1st mort., $1,000,000. gold. EC
92
44
Little Falls <6 Z>o*flreiHM«- 1st M., $250,000, gold ..
Little Miami— 8t'k,oom.,gu.8 p.o.,99 yrs.,P.C.ASt.L.
Renewal mortgage
o
New M. ($3,000,000)—V. 72, p. 184, 241, 1080...
Rock dt Hot Sp. West.— IstM., g., gu. p &1 end. *St
Little Schuylkill Nav. KR. dk Goal— Stools, (rental gu.
o*
Long Island— 2d (now Is') mortgage
L.
Consol. mortgage, gold ($3,610,000 are 5 p. o.)Ce
0'
General mortgage, gold Ce
L. I. RR. M. on ferry for $2,750,000. gold.Ce. .o*
Stewart Line A. of 1932 for $500,000, gold.Ce..
Debenture ($1,500,000) gold, not subject to call.
New York A Flushing 1st mortgage, assumed
B'klyn A Montauk 1st M., $250,000 are 6s.Ce.o*
2d M., g., ass'd, Bus. Sta. to Eastp. & brs.Ce.O'
Long Island City A Flushing 1st M., assumed, .c*
Consol. mortgage gold, assumed. Ce
o*
N. Y. Bay Extension, $200,000, 1st M., assumed.
Montauk Extens'n, $600,000, 1st M., assumed
Unified M., $7,473,000, g. call 110
.. o*r
Refund.
$45,000,000, g., guar., p.Ai.Eq.c*<fcr
Him
.
,
84
84
53
32
155
156
163
"l*8
"a
76
76
12
19
6
21
316
316
-
1903 100 Ao.
50
1882
1,000
250,000
4,943,100
1,500,000
3
1901
2,174.000
1,140,000
2,487,850
268,703
4,7 s 1,000
3,000,000
1,494,000
319
1,000
1,000
50
1878 100 Ao.
1881
1,000
1888
1,000
1892
1.000
1892
1.000
1894
1,000
1880
1,000
1881
1,000
1888
1,000
1881
1,000
l.OOO
1887
1893
1,000
1895
1,000
1899
1,000
1903 POO &o.
except as to $12,600,000 annuity bonds, which are a perpetual cnarge
the remaining $34,000,000 are issuable at not exceeding $2,000 000 a
year, or suoh larger amounts as maybe authorized bv stockholders
beginning Jan. 1, 1906, for acquisitions, terminals, ooal properties,
equipment, etc. Old bonds may, however, he extended if necessary,
for not over two years. Provision may be made at the time of issue of
bonds thereunder for the right to convert into stock at the pleasure of
the holder not over $25,000,000 at any one time. V. 77, p. 824; V. 78,
See property covered In V. 81. p. 211.
p. 287; V. 79. p. 1642
As to collateral trust 4s 01 1905, see General Financ* s below.
Guaranties —jtllmira Cortland <t Northern RR.—This road, with
the Canastota Northern, runs from Elmlra to Canastota and Camden, N. Y., 140 miles. Stock. $2,000,000, is owned. V. 62, p. 364,1177.
Lehigh Valley Railway Oo. of Sew York.— Owne<1 Buffalo, N. Y., to near
Sayre, Penn., 175 m. double traok, and branches to Ithaca, Auburn,
etc., 106 m.; in all 281 m., covered by $15,000,000 mo itg age of 1890,
bnt In 1903 and 1905 consolidated with other sub cos.; total mileage
now is 501 miles. Stook, $9,980,000, all owned by Lehigh Val. RR. Mortgage abstract V. 51, p. 114. V. 65, p. 412, 1071; V. 77, p. 147, 972; V.
81, p. 784.
Lehigh Valley Terminal Railway. -Owned double-track road from
South flainfleld, N. J., to Jersey City, with about 125 acres at Jersey
City and a arge water front there, etc. Merg d in Aug., 1903. with
other subsidiary companies in L. V. Ry. of N. J., having total mileage
of 119 m., its $12,3^1,000 outstanding stook (»7,927,000 additional In
treasury) being all owned by Leh. Val. RR. V. 77, p. 972. V. 53, p.
640,880; V. 81, p. 784
Moms Canal. — Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
Pennsylvania dk New York Canal dt Railroad.— Leased for 99 years
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. Consol. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols lnolude $4,000,000 of 5
per cents, $3,000,000 of 4s, $1,500,000 of 413s. V. 62, p. 950.
Lehxgh Valley Ooal Co.— See " Coal Property " above.
Coal Co. tr. certificates of 1902<*3,000,000 author ) were called In at
102*» and lnt on Dec. 1, 1904. V. 75, p. 1254; V. 79, p 1704.
OonsolxdaUd Reul Estate Co.- See V. 78, p. 1223; V. 79, p. 1271. To
June 30, 1905, none had been issued.
Senna County Ry $500,000 guaranteed bonds, none issued June
30. 1905. See V. 79, p. 1271.
In July, 1905, he Lehigh & Lake Erie was authorized to issue $3,000,000 bonds for a terminal line. V. 81, p. 211.
General Finances.— In 1904 dividends were resumed. V. 79, p.
103, 77; V. 80, p. 117. In Oct., 1904. $15,00'\000 four p. c. ref. bonds
were sold, providing about $3,700,000 cash for general capital requirements and for the retirement of the $7,900,000 mort. and coll.
trust 5 per cent bonds and $2,000,000 flv« percent coal trust certificates. V. 9. p. I«j42.1704, 2205. See "Bonds" above.
The purchase of tne stook of Coxe Bros * <o. (#2*,9 10,150) and of
the Delawaie Susquehanna & Schuylkill RR ($l,*0o.0W) in October,
1905, will be financed by an issue, it is under* tood, of about '19,000.000 collateral trust 4 per cent bonds, to be retired in annual instalments, beginning in 1907, and secured by deposit of those stocRs. V.
81, p. 1175, 1242.
Earnings— 2 moo, <1905
Gross, $5,484,296; net, $2,309,803
July 1 to Aug. 31 .. ? 1904
Gross, 4,966,863; net, 2,082.423
Annual Report.— Fiscal year ends June 30. The report for 1904-05
was given In V. 81 p. 723, 782. See also editorial, p. 753.
1903-04
190105.
1902-03.
Earnings from coal
$13,530,337 $12,835,076 $10,104,764
12,432,P83
Miscellaneous freight
11,994.701
11.609.706
Passengers
3,5' 9,825
3.155,715
3,191.639
Mail, express, etc
1.3' 6 246
1,803.098
1,748,394
Total gross
$31^75,843 $29,881, 3* $26i654^503
Operating expenses
18.370.300
18.9 29,701
18,980,180
Netearnings
$12,346,141 $ii,ull,*.*8 ~$7^674 324
Otherincome
453.011
505.477
e04,924
Total Income
$12,799,152 "$11,5 10,9
$8,279,248
Additions and improvements. $1,411.?>51
$1,465,290
$1,266,182
Interest and rentals
„
5,217,376
5,083,583
5,111.398
Taxes
679.H13
724,050
613,405
Miscellaneous
39..K67
53.286
176,673
Total deductions
$7,2^1 3r>3
$7,406,263
$7,167,659
Net income
$5,39e,899
$4,255,5*0
$1,111,589
Net income coal properties...
635,548
856.437
895.919
Total net Income
$6\028,437
$5,111,997
$2,007,508
Dividends on pref. stock
(15%) 15,945
Dividends on com stock
(3%)1.210,044
Balance, surplus
"$4,802,448
$5,111,997
$2,007,508
N. Y.; Asst. to Pres., E.
^Ot-F- ?v Thoma8 !43 Liberty St., Mgr., M.B. Cutter, Treas.,A. Albright, 1st V.P., J. A.Middleton; Gen.
W.C*
Alderson; Sec, D. G. Baird. 228 80. Third St.. Phila. Executive Com.
Chairman, Eben B. Thomas; Geo. F. Baker, E. T. Stotesbury, Charles
,
1
,
1
>
McK. Twombly and Geo. F. Baer.
Dir eriors"7,? d,T ar<i T Stotesbury. Alex. B. Coxe,
8teele, H.
-
i
332.000
1,135,000
125,000
1,000,000
600,000
600.000
650.000
a 100,000
a 315,000
!S,6rt«',000
g.
82 6
& j.
& 3.
& j.
F. & A.
F. & A.
J. A D.
Various
F. & A.
M. A N.
J. A J.
-
do
do
Phil.,
To June
1910
193S
1932
1954
1906
1,
'09
1905 to 1910
To F«b.l,1913
To May 1,1907
Co.
July 1, 1911
N. Y., J. K. Tod &
See text.
Feb. 1, 1935
A.
St. & Chic. Nov. 1, 1934
N. N.Y., 52
N. Y.,
Ex. Nat. iik.
1933
J. & J.
-M./o Clnn.,Offloe, IstNat.Bk. Sept 10, '05, 2
& N. N. Y„ Bank of America Nov. 2, 1912
do
do
Feb. 1, 1951
F. & A.
July I, 1939
St. Louis and Phlla.
J. A J.
&
M. A
Wm
Am
.
J.
F.
Phlla., Of.,
g.
M.
A
410 Walnut Julyl4, 05.2^
!
N. Y..U.S. Mort. A Tr.Co.
S.
Aug.
July
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
-
4
Glrard Trust.
Philadelphia.
-
17,891.000
Jan. 1.
Jan. 1,
Jan. 1,
Feb. 1,
To Aug.,
do
do
Phlla., Penn.Co.forlns.
F.
A J.
A A.
4A5g. Q.-J.
4 g. J. & D.
4 lag. M. A S.
J. & D.
i g J. & D.
g
M. A S.
i
5 &6g. M. A S.
g J. A D.
M. & N.
i
5g. M. A N.
5
J. A J.
5
J. A J.
4g. M. A 8.
g
l
When Due.
Stocks— Last
Dividend.
pal,
by
Philadelphia,
j.
j.
j.
a
5
Bonus— fnuci-
June
Moh.
June
June
Moh.
Mch.
June
May
May
Jan.
Jan.
Mar
Mar.
191b
1931
1938
1922
1932
1934
1920
1911
1938
1911
1937
1943
1945
194©
1,
1,
1,
1,
1,
1
1,
1,
1,
1,
1,
1,
1,
1,
1,
1949
A
Lexington
Baxter n Ry.— Owns from Lexington, Ky.. to Jackson, K v about 92 miles
Extension fi om Jackson to Haz rd, Ky , 33
miles, wa« proposed lu Oct., 1905. Stock, $500,000; par $100. Reorganized without foreclosure in 1901 per plan V. 73, p. 663.
Bonds.— The first mortgage 5e were extended at same rate of interest
to July 1, 1911, the company having the right to call and redeem all or
any or them at 102 and interest. All interest on the general mortgage
bonds was waived to Aug 1, 1901, Interest thereafter to be paid in cash
Feb. and Aug 1, as follows: 2 p 0. yearly for 5 years, then 3 p. o. for
5 years and 5 p. o. yearly thereafter to maturity. Deferred debentures will be Issued from time to time for balance of the interest
not paid in cash on the general mortgage bonds accruing after Aug. 1,
,
1901, such deoentures ($375,000 eventually) being payable without
interest whenever the company shall decide (either In cash or general
mort.* bonds), but Immediately if a dividend is declared on stock.
Gross, $90,864; net, $31,648
Earnings.- 2 months, ) 1905
Gross, 7*280; net, 22,805
July 1 to Aug 31.
tl904
Year ending June 30, 1905 (92 miles), gross, $469 487; net, $152,-
679; charges, $1«,635; bal., sur., $16,545.
Lexington, Ky —(V. 76, p. 542.)
President, Arthur Cary,
Llgo nler Valley HU.-T, 81, p. 559.
Lime Rock KR.—Owns road in and around Rockland,
Me., 11
miles; trackage, 1 mile; total, 12 miles
Stock, $450,00« ; controlled
by the Roc kiand-Rockport ime Co. of Maine Bonds. $400,ooo consol.
ref 3 -year gold 4s, due July 1, 1929 ($l,uuo each), int Jan and July,
at Portland, Me
Year ending June 30, 1904, gross, $85,740; net,
$37,428; other income, $4,262; charges, $19,653; dividends (5 p. 0.),
$22,500; bal ,dtf., $462. Office, Rockland, Me.
Owns Litchfield Jot. to Madison,
'Paulson
Litchfield
miles; trackage, 1 m.; total, 45 miles. Stock, common,
111., 44
$500,o0 ; pref.. 4 p. c. non cum., $500,000; par of shares, *loo. Formerly controlled by < hie. Peoria &, St. Louis, but in It 04 control was
sold to John R Walsh und associates of Chicago. For year ending
Juue 3i. 1904, f/ross, $124 036; net, $25,665; interest and taxes, $28,556; bal., def , $2,891. President. James Duncan, Al on, IiL; See.
and Treas., D. M. Cameron. (V. 79, p. 2456.)
Little Falls A Dolgevllle
Little Falls, N. Y., to Dolgeville, 10 m. V. 75, p. 48.
Stock, $250,000. Bonds, see table. For year
ending June 30, 1904. gross, $42,30«; net, $1 1,414; charges, $10,425.
President, Dumont Clarke; Treasurer, E. R. Wanokel. (V. 75, p. 48.)
Little
Parkersburg, W. Va., to Palestine, 30
miles, thence by steamer, 20 miles, to Creston; total. 52 miles.
Stock, $3,000 000 authorized; issued $509,500.
In July, 1905,
Vanderbilt inteiests, acting possibly with Pennsyl interests, acquired
large interest, fee W. Va. & Pittsburgh item, V. 74, p 777; alee V. 76,
p. 1030; V. >-0, p 2219, 2399; V. 81. p. 261, 899. For year ending
June 30. 1904, gross, $60,835; net. $7,484. J. T. Blair, Prest., Parkersburg, W. Va.— (V. 7?., p. 442, 666, 1302; V. 76, p. 1030; V. 80, p.
2219, 2399; V. 81, p 264, 899, 1044.)
1
A
Ry.—
RR.—
Kanawha KR.—
RR.—
Little Til a in I
Owns Cincinnati, O., to Springfield, O., 84
miles; branch, Xenia, O., to Dayton, O., 16 miles; Dayton, O., to Did.
State Line, 38 m.; leases, Columbus
Xenia RR., Xenia, O., to Columbus, O.. 55 miles; Cm. St. Con.RR., 2 in.; tot. 195 m.
A
Lease.— On Deo. 1, 1869, leased to Pittsburg Cincinnati A St. Louis
(now Pittsburg Cincinnati Chicago A St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the oontraot and
guarantees its faithful execution. Rental is 8 per cent on $4,943,100
stock and interest on debt. Lessee's report showe r«»ul*s to lessee
In 1899. profit, $54,725; 1900, $65,P89; 1901, $67,151; in I902,lose,
$92,069; in 1903, loss. $241,593; in 1904. loss, $133,746 Stock authorized, $8,000,000.
Beginning Deo., 1899, i 6 per cent extra has been
paid each Deo and Junt from the surplus invested fund, making dividend 8% per oent yearly .—(V. 72, p. 241, 1080; V. 74. p. 427.)
Rock A Hot Sprinn» Wemern RR.— Owns Hot Springs
Little
to Junction, Ark.. 53 miles, of which Beuton to Little Koca, 23 miles,
is leased to Choc. Oklahoma
Gulf RR. V. 68. p 85; V 69. p 283;
V. 73, p. 722. 8t' ck, $1,140,< 00, all owned by St Louis Iron Mountain
Southern Ry (Missouri Pacific system) which guarantees the
bonds, principal, and interest, by endorsement. V. 7h, p !>83. Year
ending June 30, 1905. gross, $218,322; net, *2i,223 In 1903-4, gross,
$180,451; net, *62,294; other iucouie, $^1,629; deductions, $69,674;
A
A
$14 249 -(V. 78, p. 583.)
Little Schuylkill Navigation RR.
Coal.— Owns from Port
Clinton to Tamanend and Reevesdale, 32 miles. Re leased on Deo.
1, 1896, to Phila. A Read. Ry. for 999 years, and rental reduced from
7 p. c. on stock to 5 p. c. gold from Jan.'l, 1897. Dividends: In 1898,
5^p. c; 1899. Shi 1000,5; 1901, 5^; 1902,5>«; 1903,5; 1904, 5;
1905, 5^. Lessee pays taxes and organ, expenser (V 73 p. 554.)
London Tube Companies.— See Underground Fleotrio Rys
Long Island RR.—Operates the steam surface roads of Lon«« Isl.
Owns—
Miles.
Mile*.
Lease*(fl Which see.)
Long Island City to Greenport. 95 N Y. A Rookaway Peach Ry.f 12
Long Island City to Montauk .lis Jamaica <* South Shore
5
Sundry branches
106
(V. 78, p. 102)
N. Y. B'klyn A Man. Beaoh If
1
bal., sur.,
A
.
H
JoseDh Wharton. Geo.
Mcbadden.Char es 8teelo. Irving A. Steams. Abram Nesbitt, H. McK. Tvrombly
b
B Thomas, Georae F. Baker, B. B. Smith. George F. Baer
J S S? ^, V
and Root. C. Llppincott.-(V. 81 p. 811. 775, 777, 7S!£, 1100, 1176,1.48.)
'
-,r
5
10.114,000
1,000
1,000
1,089,000
5g
'904
5
1,000
See text.
95'96 1,000
lOt',000
5g.
4iflg.
1899
800.000
1,000
99-'02 1,000
2,618.000
4*a g.
1905
1.000 NoneSep '05
4 g245,000
5 g.
1895
i'obo
850,000
5 g.
1895 1.000&C
1,500.000 See text.
1904
600,0o0
1,000
2*
1899
83
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Cent.
Payable
Whom.
$365,000
,
M
Par
Amount
$500
trusts, due each F. & A ser. A & B
o*
Equip, trusts, gold, due $200,000 vearly PeP..
Do gold, ser. "D" to "G." due $562,000 y'rly.
Do gold, ser. "H," due $90,000 y early
Maritime mortgage bonds, $120,000 due yearly.
dk
of
1884
1892
1891
L.V.CoalCo.l8tM.$12,000,000,g.B.f.,notdrn.o*&r
Delano L'd 1st M., g., gu., s. f. *30.000 v'ly.OP
Consol. Real Estate, 1st M., $1,800,000. gu. Usm
Litch.
Size, or
Road. Bonds Value.
on first page of tables.
Oar
Date
Outstanding
Lehigh Tal.—tOon.)— Snow Sh. 1st M.notgu.GP.r
<t
:
RAILWAY STOCKS AND BONDS.
Oct.. 1005.
Lexingt.
8
:;
Total
owned
Leases—
Atlantic
(V. 77,
Avenue
p
RR
RR
North Shore Branch
.
316
,..
2098.)
Total Deo. 31, 1904
10
30 Double traok .......
,
...391
,.„
i
—
}
"
<
RAILWAY STOCKS AND BONDS.
84
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t
v»r,
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[YOL. LXXXI.
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s
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;:imbla
MAP OF THE
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
R.
<
^jTlfton
K
"
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
RAILROADS.
Miles
For explanation of oolumn headings, &o., see notes
on first page of
Date
Size, or
of
of
Par
Amount
Outstanding
Road. Bonds Value.
tables.
Long Island— (Con.)— Leased and Controlled L INE8,
L.I.RR.N.Sh.Br.cons.M.$l,425,000,gu.p.«fel.Ceo*
N. Y. B. AMan. B.lstoon. M.$l,726,000 g..gu.Ce
N. Y. & Rook. B., 1st M. $384,000, gu. p. <fel.Ce.
P. P. & C. I.. 1st and 2d. ($96,000 2ds) gu. P. & L
Lou. <6 Ark.— 1st M., $7 ,000,000, g..S o*<fer. Text.
Louisiana <& Northwest RR.— First mort., gold
Louisiana Ry <t Nav.— 1st M., g. See text. F..c<fer
La. South'n—1st M., g..red. at 105 after 1902 Ceo
Ceo
Louisiana Western—1st mortgage, gold
Louisv. eC Atlantic— 1st mort., gold, $1,000,000.
Louisville Bridge Oo. Stock
Louis. H. <t St. L.—lBt mort., $2,500,000, gold.Mo
Viui»r.<e Jeff.Bridge— $5,000,000,g.gu. p.&i.,end.c"
Aiuisville & Nashville—Stock, $60,000,000
—
30
19
T6
187
36
198
45
106
101
165
1881
1901
1,000
1,000
IOC
1896
1895
500
-
1,000
,
&
&
&
.
,
>
Net earnings
Total net
Interest on bonds
$1,441,546 $1,243,877 $1,653,024 $1,772,056
$1,886,091 $1,545,408 $1,990,087 $2,104,744
1,337,976
1,168,269
967.068
860,613
Taxes
183,434
213,835
239,515
210,832
Rentals
403,849
401,056
442,851
484,295
Miscellaneous
449
2,287
3,381
4,749
Interest on notes, etc
14,772
35,167
31,683
.
Balanoe
def.$54,390def.$275,205sur$305,588sur$544,256
President, Ralph Peters. Treasurer Is Henry Tatnall, Broad at. Station, Philadelphia.— (V. 81, p Sill, 508,778, 971.)
Louisiana A Arkansas Ry.— (See Map.)—Hope, Ark., to JenaLa., 187 miles; branch under construction from Pack ton southerly to
Alexandria, 40 miles. Extension proposed from Jena to Natchez,
Miss., 47 m. V. 75, p. 135, 1306.
8tock.— Stook (authorized, $7,000,000, outstanding, $3, 7 50,000,
hares par $100), of whloh $3,745,000 is deposited with the Standard
Trust Co. of New York. Voting trustees 10 years William Buohanan,
Edward E. Porter, BenJ. F Yoakum, Harvey E. Flsk and Chas. L.Paok.
Bonds.—The unissued first 5s (total limited to $7,000,000) are reserved for betterments, equipment and extensions, of whloh $1,000,000 reserved for bridges across Black and Red rivers, and the balanoe
limited to $20,000 per mile of oompleted railroad. The entire amount
outstanding, but no part, will be subject to redemption at 110 and
interest on any Interest date after Sept. 1, 1907. Beginning with 1907
a sinking fund of $55,000 oer annum to buy bonds, if (possible, at 110
and Interest or under; otherwise to be invested.
Earnings— 2 months. ) 1905
Gross, $150,486; net, $61,320
July 1 to Aug. 31.
$1904
Gross, 12d,000; net, 45,772
Surplus over charges, $39,458 in 1905, agst. $28,376 in 1904.
Report.— Report for year ending June 30, 1905, was given at length
In V. 81, p. 971, 1039, 1050.
Tear—
Miles.
Gross.
Net.
Oth:r inc. Charges. Balante.
1904 5
167 $844,535 $322,823 9 $20,050 $141,351 $201,522
1903-4..
...148
704,670
216,875
24,186 12S.604
115,457
Pres.. Wm. Buchanan, Texarkana, Ark.— (V. 81, p. 1039, 105O.)
Louisiana Northwest
Owns Magnolia, Ark., to a point
7»a miles south of Bienville. 79-60 miles; trackage, Magnolia.toMoNlel.
640 miles. Extension to Natchitoches, La., 86 miles, was oompleted
In 1904; further extension proposed to Crowley, 110 miles.
:
A
RR.—
2,240,000
6 g.
1,000,000
5g.
1,500,000 See text.
2,500,000
? g
4 g.
3,500,000
60,000,000 6 in 1905
65,000
7
1,675,000
f g>
C7.843.000
6g.
892,000
7
3,258,000
4^ g.
dl,903,000
6g.
e36 4,000
6g.
5,000,000
6g.
1,000,000
£ g>
3,500,000
£ g
2,999,000
fl,749,000
g5 g.
g4,705,000
b37,562,000
4 g.
4 g.
23,000,000
5 K617,000
4*3 g.
4,000.000
oe under uni fled mort
-
I*
A.
&
&
&
&
&
&
&
&
&
&
A
&
M.
<fe
J.
M.
F.
J.
M.
F.
M.
J.
J.
A.
M.
J.
J.
M.
M.
M.
M.
J.
A.
M.
M.
&
&
&
&
&
&
&
&
&
&
Bonds— Princiby
whom.
Payable
Cent.
-
By fall of 1905, 45 mile* of road will be oonverted electrically.
V. 79, p. 2147; V. 80. p 997; V. 81, p, 508, 778.
In June, 1905, jolntlv with Interborough Rapid Transit Co acquired the N. Y. & L,ong Island Trac. Co., 37 miles. V. 80, p. 2622.
Stock —$12,000,000; par, $50; of whloh Penn.RR. owns $6,797,900
Dividends.— $ 1882. '83 to '90. '91. '92. '93. '94. '95. '96. None
Per cent.
1
4 yearly
4 1* 5
5
i
4H 4 4 since.
Bonds.— The refunding 4s of 1903 ($45,000,000 authorized issue)
are secured by a Hen on the entire road subjeotto the $21,216,000 outstanding old bonds, to retire which an equal amount Is reserved;
of the bonds, $17,891,000, guaranteed as to principal and Interest,
by the Pennsylvania RR., were sold, the proceeds to be used for various
Improvements and additions In oonneotion with the Pennsylvania
tunnels to and through Vew York City, principally for additional terminal facilities at Bay Ridge and Long Island City and for a doubletrack oonneotion with tne New Haven Road, for additional freight and
passenger terminals, tracks, equip't, and to retire old bonds; and remaining $4,517,000 held for future requirements. V. 78, p. 583, 1549;
V. r/9, p. 2796; V. 80, p. 1111; V. 81, p. 211.
The ferry mortgage for $2,750,000 covers all the real and personal property pertaining to the company's ferries (34th Street and
James Slip). As to debentures see page 2 of Sdp. of April, 1895.
The unified mortgage Is limited to the amount now outstanding.
Bonds are subject to call at 110 in whole or in part on any interest
day. V. 68. p. 618. Morts. on real estate, $971,088. V, 76, p. 266.
Guaranties.— In addition to guaranteed bords in table above guarantees 5 p. o. on $650,000 New York Brooklyn
Manhattan Beaoh
preferred stook as part rental also 4^ p. o. on $50,000 P. P.
So. Br.
stook, and 4^ p. o. on $82,500 of the N. Y.
Coney Island stook.
Important Connections.— Construction is in progress on the city's
extension of Its Rapid Transit tunnel from Manhattan under the East
River and thenoe to Flatbush Ave Station, Brooklyn. V. 75, p. 30,
185. The Pennsylvania RR. Co. is also proceeding to build an underground (tunnel) electrio railroad for passenger service from Jersey
City, under the Hudson River to a central passenger station at 33d
Street and 7th to 10th avenues, and thence under the East River to a
oonneotion with Long Island RR. and thus with N. Y. N. H.
H. RR.,
see V. 74, p. 830; V. 75, p. 1203. As to lmprovem'ts, see V. 80, p. 599,
997; V. 81, p. 3i.
Latest Earnings.—For 12 mos. ending June 30:
12 mos.
Gross.
Net.
Other inc.
Charges.
Bal., def.
1904-5.. $7, 470,544 $1,752,0^2
$532,276 $2,0 57,563
$256,795
1903-4
6,835,847
1,642,835
301,530
1,820,611
123,754
Report.— Report for calendar year 1904 was in V. 81, p. 971.
Oai. year
tears ending June 30
1904.
1904.
1903.
1902.
Gross earnings
$7,083,807 $6,835,847 $6,440,992 $5,883,607
Operating expenses.. 5,642,261
5,591,970
4,787,968
4,111,651
&
INTEREST OR DIVIDEND8.
When Where Payable, and
Rate per
GOARAN TEED.
Pkinc IPAL OR Interest
Q.-J.
1892 $1,000 a$ 1,262,000
A. <fe O.
1885
1,000 al,601,000
5 g. M. <fe S.
1887
1,000
a 883,000
•86-'91
4*2
Seml-an
1,000
436,000
1902
1,000
2,724,000
g M. & S.
£ g. J. & J.
1895
1,000
5
100,000
4i«g. J. & J.
1903
1,000
4,865,000
1897
500
250,000
5 g. M. <fe S.
100
46 1877 $1,000
3eoll.Br.l8tM.,Cecll.toLouls.,s.f.,dr.atlOO.^Jno'•
1879
1,000
/l.H.&N.lstM., Hend.toNash.,g, dr'natllO.Ce.o* 151
1880
Louis. & Nash, gen'l M., gold, drawn at HO.Ce.c* 802
1,000
175 1877 100 <fco.
L. C. & Lex. 2d m. s. f. not dr'n, Louis. to Newp't.C
1,000
Gen. mort. L. C.&L.,gold(V.63,p.l010),IUo.o' 175 1881
189 1880
1,000
L. & N. bas., S.& N. Ala. RR., 2d M. as ool. g.Un.o*
45 1880
Pensaoola Dlv., 1st M., gold (dr'n at 105).F..o*
1,000
1880
1,000
N. O. <fe Mob. Dlv. 1st M., N.O. to Mobile, g.F.o* 141
141 1880
*c
1,000
2d mortgage, gold
1881
1,000
Boutheast'n & St. Louis Dlv. 1st mort, gold....o* 208
o*
208 1881
2d M.,gold, East St. L. to Evansville £ br
1,000
1887
1,000
1st M. (50-year 5s), $15,000 p. m., gold. Us.. .o* 118
1888
let mort., collateral trust ($7,000,000) gold..FC
1,000
Unified mortgage for $75,000,000, gold.Ce.c*&r Text. 1890 l.OOO&o
1903
Col.tr.M.,call par aft. 1908, $30,000,000, g.Uso*
1,000
St. Louis property, 1st M., gold, $650,000. SSt o
1891
1,000
Mobile & Montgomery joint mortgage, gold.Ce.o 179 1895
1,000
In hands of public; total Issued shown In left hand colum n; balan
;
85
pal, When
Due.
«'&«-LagtDlv.
N.Y..U. S. Mort.ATr.Co. Oct. 1, 1932
N. Y., Corbin Bank'* Co. Oct. 1, 1935
N. Y.,U. S. Mor .& Tr.Co. Sept. 1, 1927
do
do
1926-1931
N. Y., Flsk <fe RobiDBon. Sept. 1, 1927
N.Y., Boody, McL.&Do. Jan. 1, 1945
N. Y., Farmers' Tr. Co. July 1, 1953
N. Y., R.Winthrop <fcUo. Mar. 1, 1950
J. N.Y.,S.P.Co.,120B'way July 1, 1921
N. N. Y., Knlck. Trust Co. May 1, 1941
Louisvlue, Ky.
A.
See text.
Jan., 1946
J. N.Y.,Bk.of Am.A Louis.
S. N. Y., J.P. Morgan & Co. Moh. 1, 1945
A N. Y., 71 Broadway. Aue.10'05,3%
S.
D.
D.
O.
N.
O.
S.
J.
J.
8.
8.
N.
N.
J.
O.
S.
8.
b, c,
i
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
Mch.
1907
1919
June
1930
1907
Oot.
Nov.
1931
Apr.
1910
Moh.
1920
Jan.
1930
Jan.
1930
Moh.
1921
Moh.
1980
May
1937
do
Nov.
1931
do
July
1940
do
Apr. 1, 1923
New York
St. Louis, St. L. Tr. Co. Mch. 1, 1916
N. Y„ 71 Broadway.
8ept. 1, 1945
d, e, f, g, see foot note on next page
Dec.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Stook, $3,000,000 authorized; issued in Oct., 1903, $700,000, par,
$100. Loans and bills payable June 30, 1903, $241,144; car trusts,
$7d,387. Trustee of first mortgage bonds, People's Trust Co., Brooklyn, N. Y.
There are also 50-year gold oonsols at $7,500 per mile,
all owned by oompany. Year ending June 30, 1904, gross, $201,774;
net, $101,430; total deductions, $40,620; bal., surplus, $60,810. Gen.
Man., J. D. Beardsley, Glbsland,
(V. 73, p. 957.)
La—
Louisiana Railway &
Navigation Co.— Owns Shreveport
to
Baton Rouge, 222 miles; also branch from .Colfax to Winufleld, 28
miles. Branch is under oonstruotion from Oamptl to Chestnut. La., 14
miles. Also extension to New Orleans, 79 miles, !of whloh about 30
miles oompleted in Oot., 1005.
Suooessor on June 22, 1903, of the Shreveport & Red River Valley
Ry. V. 77, p. 36. Stock author., $12,000,000; outstanding Oct., 1904,
$4,885,000; par. $1 10 Bonds (see table above) *re limited to $17,500,000 total Issue and $23,000 per mile; 300,000 bas also been issued for
a bridge over the Red River at Alexandria: $4,000,000 is reserved for
New Orleans terminals. See official statement, V. 77, p. 36; V. 77,
'
769. Pres., Wm. Edenborn, 8 Bridge St., N. Y.; Sec. and And., H. B
Helm; Treas., Clarence Ellerbe, Shreveport, La. (V. 77, p. 36, 769.)
t>
Louisiana Southern Ry.— See page 178.
Louisiana Western RR.— (See Map of Southern
Pacific.)—Owns
from Lafayette, La., to Sabine River, 106 miles; Midland to Eunice;
24 miles Midland to Abbeville, 35 miles; Mallard Junot. to Lake Arthur, 34 m.; total, 199 miles. Operated Independently, but in connection with Southern Pacific, whloh owns practically all the $3,360,000
stook. in year 1903-04, gross, $1,873,707; net, Including other income,
$834,767; surp. over charges, $571,935.— (V. 74, p. 268.)
Louisville &. At. RR.— Versailles, Ky., to Beattyville Jot., 101 m.
of whloh Miller's Creek to Beattyville, 28 miles, opened in Deo.. 1902
Stook, $1,000,000; par $100. Year ending June 30, 1904, gross. $256,
656. net, $12,774; total deductions, $57,313; balanoe, def., $44,539
Pres., J. P. Amsden; Sec, E. M. Wallace, Versailles, Ky.— (V. 71, p. 236.)
Louisville Bridge Co.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional In Louisville. Used by several railroads, P. C. C. & St. L. By., Louis. & Nashville, etc. Surplus earnings are paid baok to roads using bridge.
Stock is $1,500.000 Perm. Co. owned Jan. 1, 1905, $900,000. Dividends, 1896, 6^ per cent; 1897, 7 p. o.; in 1898, 6 p. o.; in 1899, 3
1903, 13 p. c; 1904, 4
p. o; 1900, 8 p. c; 1901, 6 p. o.; 1902, 5 p o
In Deo., 1903, the suit of the minority stockholders was settled,
p. c
$150,000 of the $248,376 recovered being distributed as a 10 p. c. dlv.
See V. 78, p. 102; V. 79, p. 2747. For 6 mos. ending June 30, 1905,
gross, $156,323, against $146,103 in 1904; net, $73,476, against $70,538.- (V. 79, p. 2747.)
;
;
Louisville Henderson & St. Louis Ry.—Road.—Louisville
Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage, to be replaced by company's own line to be oompleted Jan. 1, 1906 owns also Irvington to FordsvUle, Ky., 44 miles.
History.—A reorganization June 1, 1896 (per plan In V. 62, p. 138).
The Louisville Nashville in 1904-5 acquired $706,081 preferred and
to
;
<fe
$1,318,385 common stock. V. 81, p. 1100.
Securities —Stook, common, $2,000,000; preferred, 5 p.o. non-cum.,
$2,000,000. V. 62, p. 138
Report for year ending June 30, 1905, in Chron. Oct. 28, showed
Gross, $928,687; net, $240,601; improvements, $78,988; Interest
In 1904-5 ^ross, $895,a* d taxes, $135,899; balance, surp, $^5,~14.
970; net, $256,898— (V. 79, p. 2144; V. 81, p. 975, 1100.)
JefTersonvllle Rrldge Co.— One-half mile long
Louisville
and the approaches one mile; opened Jan. 1, 1896. Also owns about
40 acres of land in Louisville and 100 aores In Jeffersonville. Stook,
$1,425,000; mortgage Is for $5,000,000 (trustee U. 8. Trust Co. of
N. Y. and Union Trust Co. of Indianapolis); bonds for $1,500,000
are reserved for future oonstruotion, etc.; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. roads, in whose InSee V. 61, p. 559.— (V. 62, p. 84.)
terest the entire stock is owned.
Nashville RR.— (See Map.)— Road.— Operates main
Louisville
line from Cincinnati. O., to New Orleans, La., 921 miles, with branohes
to St. Louis, Mo. .Memphis, Tenn., etc., 3,180 miles, making total system proper June 30, 1905, 4,101 miles. The system includes
Reported separately.
Lines owned absolutely or
Miles.
Miles. H Nashville Chatt. <fe St. Louis.. 950
through capital slock
Louisville to Nashville
185 ITGeorgla Railroad system
571
186
Sundry other lines
3,192 ULouis. Hend. & 8t Louis
592
Lines leased, die.
fluhlo. Ind <fe Louisville
193 Operated for other oo's
48
ITSouth & North Ala. RR
483 Owned but leased to other oo's. 21
Otherlines
248
Do. Paducah & Mem. Dlv
Blrm. South (half st'k owned). 26
Yellow Rlv. (all stook owned). 26
fl See this oompany.
Total of all June 30, '05. 6,722
Total system proper
4,053
In Feb., 1902, sold Cecilia Br., 46 m., for $1,000,000. V. 74. p. 326
In Apr., 1902, aoquired control of the Atlanta Knoxville & Northern
Ry., Knoxville, Tenn., to Marietta, Ga., 205 miles, with 25-mile branch
and trackage to Atlanta, Ga., 20 miles, which was merged June, 1904;
a connecting line from Jellloo, Tenn., to Knoxville, 66 miles, giving
direct line, Cincinnati to Atlanta, was completed in April, 1905.
1
&
&
:
&
c
.
RAILWAY STOCKS AND BONDS.
86
RAILROADS.
For explanation of column headings, Ac,
on tlrst page of tables.
Miles
of
see notes
Consol. mort. (for $10,000,000), g., guar.Ce.c*
Impt mort $2,000,000, g.ma(V. 79, p. 2*97)
.
Newp. ACln.Br. 1st M.,g.,s.f.assu.,gu by Pa.RR. P
A
N.-So. joint M., $7,750,000, red.
>
907.S.o*<fcr
Kentuoky Central— May svllle & Lex. RR. mort...
New mortgage ($7,000,000) gold.Ittp
c*
Atlanta Knoxv. & Nor. IstM., g Ce
Consol. mort.. gold, $10,000 per mile Us
L. &
-Atl. Kno.
O. Dlv. M., $50,000,000. Us
Lykens Valley— Stock. Rental pays 5 per cent
Macon <6 Birming.—lBt M., $500,000, gold OB...
Maine Central— Btodk and scrip ($12,000,000)...
c&r
1st consol. mort., > ($269,500 5s)
o<fcr
$9,000,000
5 ($3,265,500 4s)
Collateral trust bonds for Mt. Desert Branch A Be
Improvem't bonds, "A" & "B," g.. not M., s. f . ..
Me. Cent. Eu. <fe No. Am. refunding mort., gold...
N
&
M. Penobscot Shore Line RR. Co., assumed.
A L. 2d mortgage (for $400,000) assum.BB
European A N. Am. stock, 5 p. c. rental 999 years
Portland A Ogdens. stock (2 p. c. rental, 999 years)
Con. M., ($800,000 are 3^8) gu p. & l.end. BB.c
Portland Un. Station M. ser. rA" A "B" text s. f
Dexter APiscataquis stock 5 p.o. rental 999years.
1st M., Dexter to Dover, etc, guar, by end.BB
Hereford Ry. stock (rental 999 years)
lBt
K.
*
,
,
b
1st mortgage, guar. p. A i. (endorsed)
Also $22 469,000 in treas'y or pledged for othe
C$32,000.
d $57,000,
e $41,000,
Size, or
f $15,000,
Dividend.
-
m
•
m
,
$60,000,000ouistanding). but the roads are operated independently.
V. 74, p. 830. 1038; V. 75, p. 733, 1399.
Drv.— ) '83-'87 '88 '89 '90 '91 '92 '93 '94-'98 '99 '00 '01 to '04 1905
P. 0. S None. 5stk. 5stk.6 5
4 4 None. 3*9 4
5 yearly.
6
Bonds.—The Evansv. Hender. A Nashv. bonds are drawn at llOby lot
annually in October, for payment Dec. 1 in amounts increasing each
five years until $150,000 per year is finally reached
in 1905. $75,000.
The Pensacola IHrision bonds are subject to a drawing sinking fund
*5.0O0 till 1900, tool., then $10,000, and so increasing. Of the bonds,
$175,000 have been drawn for payment on 8ept 1, 1905, bv payments
to sink fund due from Sept.. 1889 to 1905, inol. V. 81. p. 26f>, 726.
Theflrenera/ mortgage bonds of 1880 are called at 110 in in >reaslne
amounts each year; $364,000 was paid June 1, 1905. V. 80, p. 1174.
Lq June, 1890, the "unified " mortgage (trustee, Central Trust Company) for $75,000,000 was authorized, $41,917,660 bonds being reserved to retire all prior liens (none of the prior liens cau be extended),
the balance for improvements, extensions (at the rate of $32,000 per
mile, including equipment), and for other purposes. The mortgage covers (besides about 2,20c miles of road and equipment) $ 0.093,300 stock
Of companies controlled, and $3,150,000 bonds free from an.v lien. See
abstract of mortgage in V. 51, p. 613; also V. 72. p 1034, il88; V. 77,
In Oc
1905, company reported $">7,048,000 outstanding, of
p. 968
which $1,139,000 in treasury. $18,200,000 deposited to secure the
coll trust 4s of 1903 and $147,000 in sinking funds or deposited for
other issues. See V. 81, p. 265.
Mobile dt Montgomery— Louisville <£ Nashville joint mortgage is for
$5,000,000; $1,000,000 reserved for Improvements. V. 61, p. 196, 750.
Kentucky Central mortgage abstract V. 45, p. 372.
The collateral trust 4s of 1903 ($30,000,000 authorized issue) are
secured by deposit of $.'4,000,000 L. A N. unified 4s, $4,779,000
Padncah A Memphis division bonds, the latter coveriDg the
road Jrom Padueah, Ky., to Memphis, Term., 254 miles; $2,500,000 L.
A N. TermiDai Co. 4s <V 75, p. 1354), $4,221,000 South A North
Alabama 5s and $500,000 Pensacola A Atlantic 6s; total $36,640,000
bonds. A proportionate amount of the collateral may be withdrawn
at any time on delivery to The trustee of not less tuan *1.0Oo,000 of the bonds.
78, p. 1446; V. 76, p. 542; V. 78, p. 287. 1446.
In 1902 the Louisville A Nashxille and the Southern Railway acquired $9,796,900 of the $10,500,000 Chicago Indianapolis A LouisTille oommen and $3,873,400 of the $5,0o0.000 preferred stock in exchange for their Joint 50-year 4 per oent bonds. V. 74, p. 1138; V. 76,
Of the $15,500,000 Joint bonds secured by deposit of this
p. 593.
stock, $1,563,000 are reserved to acquire the remaining "Monon"
stoik and $2,110,000 for improvements and enlargements of the
"Monon" at not over $500,000 yearly.
Finances.— Since July 1, 1894, the "construction aocount"
nas been closed Amount of permanent Improvements charged in
operating expenses in 1904-5 was $2,562,314; 1903-4 $1,746,184 In
Feb., 1904, dividends on Nashville Chat. A St Louis stook ($7,177,600
owned) were resumed, and in Feb., 190% ln< reased to 6 per otnt.
In 1905 L. & N. dividend rate was Increased from 5 to 6 p. c.
The stockholders on Mar. 28, 1905, authorized a $50,0 0,000 mortgage covering the Atlanta Knoxville A Cincinnati division, 507 miles,
including 20 miles of trackage. Of the bonds, an equal amount will
be reserved to retire at maturity underlying bond-, viz.: Kentucky
Central 4s, $6,74<\000; Atlanta Knoxv. <fc Nor. bonds, $1^00,000;
Maj svllle A Lex. Nor. Div. bonds, $400,000. The line fiom Livingcton
is subject to prloi lien of uniflf d mort.
to Jelllco, 61
V. 80, p. 872.
June 30, 1905, $14,543,000 bonds issued, all h*ld in the treasury
Earnings. —2 mo.., > 1905
Gross, $6,710,586; net, $1,811,490
July 1 to Aug. 31. $1904
Gross, 6,143.607; net, 1,983,598
Report.— Report for 1904-05 in V. 81. p. 1096, 1112; see also p 1074
Tear end. June 30.
1905.
1904
1903
Average mileage
3,826
3,618
3,439
Freight earnings
$27,732,625 $27,348,817 $26,578,621
Passengers
8.61»,6f>0
7,643,685
7.044,087
Mall, express, etc
2,164,79 6
1,951 291
1,82«,671
Gross earnings
$38.5i7,07l $36,943,793 $35,449,378
Oper. expenses
26,490 021 25,141,548 23,970 813
Net earnings
12,027.050 11.80/.245 11,478,565
Net.inc). lnvs'ts.,Ac
13,654,541 13,437,399 12,601,058
;
1
,
LAN
.
,
$985,365
$921,700
$844,474
5,476.103
6,613,228
5,184,076
192.900
67.700
217,060
Sinking f'd paym'ts
173,042
146,600
144.400
Dividends
6)3.600,00 (5 )3.000,000 (5)3,00o.0<
(
Surp. over dlvld'ds
$3,227,040 $3,tte»,i71 $8,211,048
Officers.— Chairman, Henry Walters, N. Y.; President, M. H. Smith.
Louisville; 1st Vlce-Prts., W. L. Mapother; 2d Vioe-Pres.. A. W. Morrlss, 71 H'way, N. Y.— (V. 81. p. 266, 1«>96, 1100, ill 2, 1175.)
Interest and rent
Adv's to 8. AN. A., etc
by Stocks— Last
Whom.
I
&
Taxes
Payable
Bonds— Principal, When Due.
1881 $1,000 $1,523,000
6 g. F. & A. N. Y., 71 Broadway,
1881
1,000
1,414,000
eg. M. A S.
do
do
1,000 k 1,996,000
F. A A.
do
do
105 1887
1880
1,000 Own. L. A N.
do
c g. A. A O.
do
189
1,000 1 3,247,000
F. A A.
do
189 1886
do
g
t
1,000 Own. L. A N.
189 1904
5 g. F. A A.
1,000
1895
1.400.000
413 g. J. A J.
do
do
1902 l,000Ac
5,870,500
4 g. J. A J N.Y ,.1.P. Morgan A Co.
49 1876
1,000
400,000
N. Y., 71 Broadway.
7
J. A J.
1,000
220 1887
4
do
do
J. A J.
j 6,700,000
999,cO0
229 1896
1,000
do
do
5
J. A D.
228 1902
1.000
500,000
4
M. A S.
do
do
487 1905 1,000 Ac See text.
4 g; M. A N.
20
19
600,000 5 in 1905 Q.— J. 8. Y., Office, 13 Wm. St.
1,000
500.000
97 1896
5 g. J. A J. Boston, Old Colony Tr.
100
Portand, Me., Office.
4,977,000 7 in 1904 Q.-J.
1872 100 &C.
A. A O. > Boston, 2d National 5
4,193.500
5 A7
1304, 5
$1872 100 Ac.
4,790,500 4&4I3 A. A O. S Bank A Portland l
1,000
41 1883
669,000
5
J. A D. Bost., Am.L.ATr.; Port.
.... '86 '87
1,000
450,000
413 g. J A J. Bos.,2d Nat'l Bk.; Port.
56 1893
1,000
1,000,000
4g. x A J. Boston and Portland.
48 1890
1,000
1,300,000
F. A A. Boston, Sec Nat. Bk.
4>
48 1891
do
1,000
400,000
F. A A.
do
5
120
100
2,494,100
5
A, A O. Bangor, Treas. Office.
109
100
4,392,538
2
-F.28 Portland, Me. Cent. Of.
109 1888
1,000
2,119,000 3J« A 5 ft; A N. Bos., 2d Nat'l Bk. A Port
1887-9 1,000
300,000
>> *
4
J. A J. Portl'd, Me., A Boston.
17
100
Dover, Me., Office.
122,000
5
J. A J.
1889
1.000
175.000
17
4
J. A J. Bos., 2d Nat'l Bk., Port.
100
53
800,000
M. A N. Portland, Me. Cent. Of.
4
1.000
53 1890
800,000
M. A N. Boston, 2d Nat'l Bank,
4
r issu es. etc. See text
Additional amounts were o wned bv the Co. on July
1$87 1,000, j $4 2 000,
k $100, lOOO. 1 $4,753,000,
a $4 24,000
160
In March, 1904, the Newport A Cincinnati Bridge was purchased. its
bonds being assumed. V. 79, p. 1474. Proposed purchase
$l,400,o<
of South A Nonh Alabama, V. 80. n. 472, 1235.
In 1904-5 control of the Louisville Henderson
St. Lou s was
acquired. V 81, p. 1112, UOO
Organization.— Line opened between Louisville and Nashville Nov.>
1859. For securities owned and In sinking fund see V. 81, p. 11 19,1 120
Cotilml by Atlantic Coast Line.— Late In 1902 the Atlantic Coast
Line RR. acquired a majority of the stock (viz., $30,600,000 of the
m
INTEREST OR DIVIDENDS.
per When Where Payable and
Amount
Pai
of
Outstanding Rate
Cent.
Road. Bonds Value.
Louis. JV.— (Von.')— ?f>n. &At.lst M.g.dr'n ass'd.o*
Henderson B'geCo —1st M.. g„ dr'n at 105 Oe.ef
Nashv. Flor. A Shefl., 1st M., g.,as8U. In 1900.Ce.o
So. A No. Alabama, 2d M., gold, s. f., $2,000,000
L.
Date
Vol. jlxxxi.
Aug.
1,
1921
Sept. 1, 1931
Aug.
1,
Apr.
1,
Aug.
Aug.
July
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
Jan.
July
Deo.
Mar.
May
1937
1910
1936
1936
1945
1952
1906
1987
1946
2002
1955
Oct 1905, 1H
July 1. 1946
Oct 2, '05. 1%
Apr. 1, 1912
Apr. 1, 1912
June 1, 1923
July, 1916-17
Jan. 1, 1933
Aug. 1, 1920
Feb. 1, 1921
Oct 15,'05,2*
,
Aug
31, '05, »*
Nov.
1,
1908
J'ne 27, Jan. 29
July, '05, 2*%
July 1. 1929
Nov, 1905, 2%
Nov. 1, 1930
1. 1905, viz.:
$43,000.
Lykens Valley BR. & Coal Co.— Owns from MlllerBburg,Pa.,to
Willlamstown, Pa., 20 miles. Lease to Northern Central is terminable on 60 days' notice.
Rental $35,000 per annum.— (V 64, p. 330.)
IVI aeon
A Birmingham By.—Owns Sofkee Junction to La
Grange, Ga., 97 miles; trackage Sofkee to Macon, Ga., 8 m. Since
Feb 1, 1904 operated under direction of Ga. South. A Florida officials
although independently. V. 78. p. 584.
In year l90»-05 gross, $134,054; net. $8," 30; oth. Income, $402; int,,
taxes and rentals, $40,lt>6; bal., def ,$31,534.— (V. 78, p. 584.)
IHacon Dublin
Savannah Kit.— Owns road frou Macon via
Dublin to Vloalia, Ga 194 miles, [n Oot., 1904, Atlantio Coast Line
acquired all the stock and bonds. V. 79. p. 20^5. In year
i'terests
end. June 30, 1904, gross, $222,878; net, $47,518.— V. 81, p. 265.
ITIalne Central RR.- Line of road, Portland to Vanoeboro, Me., via
Augusta, 251 miles; branches. Cumberland Junction to Skowhegan,
via L^wlston 91 miles; Bath to Lewiston and Farmtngton, 76 miles;
Belfast, Dexter, Bucksport
and Mt. Desert, including ferry,
(7*7 miles), 132 miles; Portland A Ogdensburg Ry., Portland, Me., to
Lunenberg, 109 miles; small branohes, 8 miles; Upper Coos and Hereford railways, Quebec Jet., N. H., to Lime Ridge, Quebec, 108 miles;
Bath to Rockland (including steam ferry, 6-10 miles.) 49 miles; total
June 30, 1905. 824 miles, of which 396 owned, 387 operated under
999-year leases, and practically owned; 33 miles operated under 50yeai leases and 8 miles ferry lines.
In Jan., 1901, the entire stook of the Washington County Ry.. 137
miles, was purchased. Its 3^ p. c. bonds (see table above) being guaranteed, prln. and int., by end; but road Is operated separately. V. 77,
p. 2390; V. 78, p. 103, 820, 989; V. 79, p. 2640.
Stock.—Stock for $2,516,000 owned by Boston A Maine. V. 72, p. 988.
Dividends. -1884 to July, 1903, 6 p. 0. yearly; sinoe to Oot , 1905,
incl. 7 p. c, (l%p 0. QJ).
Bonds.— There are also $81,000 Maine Shore Line 6s assumed, due
1923; also $100,500 Belfast A Moosehead Lake mort bonds, due 1920,
not guaranteed. Interest and sinking fund paid out of rental; And.
A Ken. stock-bonds, $11,000, exchangeable for M. C stock; Maine
Central intere»tscrip exchangeable for consol. bond %$S, 192. Jointly with B. A M. guarantees $300,000 Port. Union Station bonds.
Anntjal Report.— Report for 1904-5 was in V. 81. p. 897.
1903.
1902.
Tears ena June 30, 1905.
1904.
$6,541,160
Gross earnings. $7.251, 536
$6,194,305
$6,773,560
1,432,305
1.425,166
Net earnings. .. 2,114.934
1,432,017
1 93.324
153,857
84,732
218,061
Other income..
$l,625,t>29
Net income. $2,19^,666
$1,579,023
$1,650,078
Interest
$643,110
$643,110
$643,110
$631,860
Rents
545,876
545,876
545,876
545,876
Dividends
(6)298,575
(6)298,566
(7)348,365
(7)348,348
29,440
Sinking fund...
144,694
29,440
29,440
App Bang'rTer.
£00,000
Charged off
50.000
Bal., surp.
$83,305
$108,628
$62,031
$17a,»71
-(V. 79, p 1 328, 2640; V. 80, p. eOO; V. 81, p. 897.
.ilHiK'hi'Nicr A Laurence RR.— Owns from Manchester, N. H., to
Methuen (State Line), 2iH miles. Leased for 50 years from September
dlv
In 1895 a
1, 1887, to Boston A M dne at rental paying 10 p
dlv. of 50 p. 0. paid from prooeeds C. A M. suit.— (V 73, p. 1264.)
&
,
Manhattan Ry. (Elevated).— Road— Owns all the elevated railroads in boroughs of Manhattan and the Bronx, N.Y. City, main line
and branches, 37^ miles, doubled-tracked, with 14 miles additional
third track, S'dlngs, etc V. 70, p. 176. 633. Late in 1902 began using
T'ie elevated porelectric third -rail on entire system. V. 75. p. 733.
tion of he subway from 149th Ht. and 3d Ave. to West Faims nas
been operated as an extenson of the system sinoe Nov. 26, 1904,
pending completion of tunnel under Harlem River V. 7 >, p. 2688.
lease.— The Interborough Rapid Transit Co. leases the road for 999
years from April 1, 1903, guaranteeing 7 p. 0. per annum on the stook.
The remaining $4,800,000 stook is not to be issued prior to Jan., 1906.
V. 75, p 12o2. 1254, 1302; V. 76, p. 212; V. 79, p. 24 >6; also Interborough Rapid Transit Co., V. 76.p. 101. Guaranty, V. 76, p. 480.
Bosdh.— Consolidated mortaage (trustee, Central Trust Co.) Is limited
on present mileage to $40,000,000, and will provide for prior bonds
when due. Amounts beyond $40,000,000 may be Issued for extensions
at the rate of $30u,000 per mile of single and $600,000 per mile of
iouble track. (See abstract of mortgage in V. 51, p. 248, and application to New "York Stook Exohange In V. 52, p. 353.)
To May, 1898, claims aggregating $8,847,854 had been paid as damages to abutting property and other oases were before the courts. See
Chronicle, V. 66, p. 954, and V. 67, p. 789. Personal property tax
assessment, see V. 66, p. 954; V. 67, p. 222; V. 68, p. 1282, and V. 71,
1120, Taxes In litigation Oot., 1903 (other than franchise tax), per
aianoe sheet. $303,000. V. 76, p. 212.
E.
Since.
Dividends.— ) '89 '90-96 '97 '98 '99 1900 '01 '02 1903
4
4
4
4
714
7% y'rly.
Sinoe '88. P.Ct. $51* 6yrly. 4^ 4
In Jan., 1905, l * p. 0. and ^ p 0. extra for the 9 mos ending Deo.
31,1904 1H» p 0. quarterly to be paid thereafter. V. 79, p. 2456
Earnings.— For 9 mos. ending Mar. 31:
Nei.
Oth. i«e
Charges. Bal. for dit.
9 mos. Cross.
$763,056
1904-5.... $9,999,318 $5,831,841 $256 000 $5,314,785
1,167,290
1903-4.... 10,441,683
6.127,744
260,636
5,220,190
4
.
.
RAILWAY STOCKS AND BONDS.
Got., 1905.J
RAILROADS.
Miles
Of
For explanation of column headings, &o. see notes
Road.
on first page of tables.
,
Tp'r Coos RR.stk.,6^trent.999 yrs
1st mort., guar, p. <fc 1. (endorsed)
Extension M., $21,000 p. m., guar, p. & l.(end.)
Dexter & Newport, stock, 5 p. o. from Nov. 25, '98
1st M. (old 6s refund, in 1897) gu. p. & 1. end.*
Eastern Maine, stock, 4^ p. ct., rental 999 years
Wash, uo., 1 st M., $20,000 p. m., g., gu., end.,red
Haneiiea. d Law.— Stook.lOp.o.ren'l till 1937.B.&M
Real estate bonds (not mort.) int. gu. by B.A M-c
Manhattan ( Elevated) Ry ,N. T.— Stock, $60,000,000
Metropol. El. 1st M., $600,000 p. m.,asB'd.g.0.c*
N. Y. El. deb., seoured by consol. mort. of 1890.
Manhattan Elevated oonsol. mort., ftold.Ce.c*<sr.
Mania. Merq. <£ North'n- 1st M., $1 ,500,000, gold.
Man. A Pikes' Peak By.- IstM., $500,000, g.Mp o
Mar.a PhneinxdS Riv.Val.RR.—M.& P.lst M.,g o.
M.AP.&S.R.V.M.,g., $750,000 <V.67,p.l 357) Fc
Maine Oen.fCon. >
Marietta Vol.
Md. D.
<t
<6
Maryland
<&
OUvl'd- IstM $250,000, gold.K
M
.
$2,000,000 auth., g., gu. p.& 1.
Venn.— York <fe Peach Bot. mortgage
Va. -
1 st
.
.
Date
M
Registered inoome bonds and scrip, unassented. r
bonds, g., sec by cons. 4s, call par.MStc*
OolL trubt notes, $10,000,000 auth., text.
Ooli.tr.
1890
1890
1,000
1,000
100
1897
100
1904
1,000
1892
1,000
100
100
1878 * & $
1886
1,000
1890 l.OOO&c
1902
1,000
1891
1,000
1886
1,000
1895
1,000
1900
1,000
1905
1,000
1882 5i», &e
1901
1,000
37
18
32
32
53
9
34
43
49
71
40
84
84
378
37
23
1901
1905
1,000
1,000
100
1891
1881
1889
1889
1889
1889
1881
1902
1904
mmmm
1,000
1,000
1,-00
1,000
1,000
1,000
1,000
1,000
for year 1904-05 was given in V. 81, p.
report for year ending Sept. 30, 1903, in V. 77, p. 1872.
Annual Report— Report
Tear ending June 30—
Gross earnings
Net over operating exp
Other inoome
1903.
1905.
1904.
$13,198,290 $14,187,683 $12,208,337
6,747,540
7,651. «?3
8,341,631
346,859
341.505
309.552
3,007,513
2,893,412
2,820,859
Interest, rentals and taxes....
(7)3,864,000 (7)3,864,000(6%)3,546,000
Dividends
BaL
after dividends. ...sux.$l,089,393<jur.$l,925,726sur.$727,544
Yr.Sep. 30. Passengers. Yr^Sep^O. Passengers. Yr.^ep.30. Passengers.
1898-99.. 177,204,558 1900-01.. 194,152:316 1902 03.. 255.565.390
1899 00. 183,788.851 1901-02.. 223,427,283 1^03 04.. 289,637,600
(V. 79, p. 731,2205,2456,2588; V. 81, p. 666.)
Manlstlque, Mich.,
Mani*tique Marquette Northern
on Lake Miohigan, northerly to Shingleton, on the Duluth So. Shore
Atlantic, 40 miles, with branch to McNeil's, 13 miles; V. 75, p. 185.
Operates oar ferries between Manlstique and Northport and Manistlque and Lndington on Pere Marquette RR. Sold in foieoiosureon
Sept 2), 1905. V 81, p 975; V. 78, p. 2012; V. 74. p. 776; V. 76, p.
810. For year ending Deo. 31, 1903: Gross earns., $130,936; net,
$1,890; int. on bonds, $51,667; def., $49,776. Pres., 8. T. Orapo; Sec.
and Treas , J B Howard.— (V. 81, p. 975.)
Manistee to Hartwick, Mich.,
Grand Bapids
Manistee
63 miles; Filer City to Sands, 2 miles; total. 65 miles. Extension
from Hartwick to Marion, 10 miles, will be completed during
1905. Extension projected from Manistee to Grand Rapids, 16 miles.
Da Oct., 1904, < hi' ago partif s secured control. V. 79, p. 1642. Stock
authorized, $1,000,000; outstanding, $450,000; par or snares, $100.
|
|
I
I
Bonds- PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Whom.
Payable
Cent.
I*
200,000
262.000
See text.
66,874,000
20,567.200
11,282.000
329.000
10,000,000
10.000 000
5
(7)
I
3
4
g
-
4iflg.
6
&
&
&
&
&
1921
1911
1939
July
1911
do
July
J.
do
Jan. 10, 1939
July 10
None paid.
do
Jan. 10, 1939
JuTy'l
July 1, 1911
do
P. & A. St. Louis & New York. Feb. 1, 1907
J. & J. N Y.,oo'soffi ,25 Br'dSt. Jan. 1, 1907
J.
J.
J.
Mer. Nt. Bk., Meadv.Pa. July
Boston.SafeDep.&Tr.Co July
J.
J.
J.
J.
—
BB.—
&
&
1,
1,
1,
1,
future coupons. In 1905 $1 2.000 000 4 p.o. bonds were sold. Compare
Chic.Great West Ry. and V. 73. p. 566, 616, 722; V. 77. p. 640. V.78, p.
1782; V. 80, p. 2621. Report fur year ending June 30, 1905 in V. 81,
p. 907, showed gross, $1,465,983; net, $451,957.— (V. 80, p. 1363,2399,
2621.)
Massawippi Valley By.— Province Line to Lenoxville, Que., 34
miles, with branch. 3m; trackage to Sherbrooke, Que., 3m.; total, 40
miles. Leased for 999 years from July 1, '70, to the Connecticut & Pasaumpsio Rivers RR. Stock, $800,000; par of shares $100; dividends
payable Feb. and Aug. 1. Dividends formerly 5 p. o.; 6 p. o. since
Pass. River
Jan. 1, 1897. Of the stock, $400,000 owned by the Conn.
is deposited under its mortgage and $50,000 is represented by
Connect! out Trust & Safe Deposit Co. of Hartford 5 per cent trust oer(See Supplement of October, 1901.)
tifloates.
&
'
I
Dividend,
&
&
&
&
&
&
&
&
&
N. Portland, Me., Office. Nov., 1905, 3%
6
$350,000
N. Bost., 2d.Nat. Bk.; Port. May 1, 1930
4
350.000
4«*
N. Portland, Me., Office.
May 1. 1930
693,000
J.
J. Treas'rs Offioe.Portland July. '05, 2V*
5
122,000
M.
S. Sec. N Bk., Bos.A Portl. 8ept. 1, 1917
4
175,000
41*
N. Rockland, Me., Office. Nov.,'05,1214%
M.
200.000
3i«g. J.
J. Treas.off., Portland.Me. Jan. 1, 1954
2,600.000
M.
N. Manchester and Boston. Nov 1,'05,5%
10
1,000,000
Boston, B. & M. RR.
Jan. 1, 1922
J.
J.
4
274,000
N. Y., 195 Broadway. Oct. 2, '05, 1\
Q.-J.
7
55,200,000
10,818,000
6g. J. & J. N. Y., Mercantile Tr. Co. July 1, 1908
M. & S. N. Y., Mercantile Tr.Co. Moh. 1, 1916
5
1,000,000
Apr. 1, 1990
do
do
28,065,000
4g. A. & O.
M. & N. May, '03, coup, last pd. May 1, 1952
1,100,000
See text.
Oct. 1, 1909
A. & O.
500,000
540,000
6g. M. & N. N.Y.,FarJi.L.& Tr.Co. Nov. 1, 1916
do
do
Dec. 23, 1925
78,000
5g. M. & N.
250,000
5g. M. & N. N. Y.. Kniek. Trust Co Nov. 1, 1940
Feb. 1, 1955
Treas. Office, Phlla.
5 g- F. & A.
2,000,< 00
M. As S. 1st Nat. Bk., York Pa. Apr. 1, 1932
202,450
5
4 g. M. & S. N. Y.,Brown Bros.&Balt Mch. 1, 1951
900,000
do
do
Apr. 1, 1951
900.000 4 in 1903 A. & O.
June 1, 1955
N. Y., Blair & Co.
12,000,000
g- J & D.
& A. Boston, 8. D. Tr. Co. Aug. 1, '05. 3%
800,000
i
M.
M.
M.
$100
55
22
33
14
14
19
137
22
Manhattan By.— (Concluded.)
666, and
Amount
Par
of
Bonds Value. Outstanding
1st mort.. $1 ,200,000, gold, call at 105.MeBa.c*
Inc. M., $900,00u, 4% cum., call at par.M Ba.
D.— IstM., $12,000,000, g.Ce.c&r
Mason City a
Massawippi—Stock guar, samediv. as Conn.&Pass.
Meadvitle Oonneaut Lake<£ Linesville—1st
,.
Mexican Central— IstM. (unassented) inclu. scrip
Priority bonds, eold, red. at 110.
Consol. mortgage, $32,000 per m., gold.BB.o*&r 3.138
1st cons. inc. A scrlp,n.-oum.($9,600p.m.),g. A Be* 3 138
2d con.ino.$6.400p.m.red.at 50% to Aug.'29 A Be* 3.138
U
Size, or
87
&
Meadvllle Conneant Lake
Linesville.—Meadvllle to Lines
-
viile, Pa., 21 miles, and branches, 2 miles; total, 23 miles. Leased to
June 8, 1989, to Pittsburg Bessemer Lake Erie RR.; rental, 25 per
&
cent of gross earnings.
Stock, $200,000; par, $50.
Mexican Central Ry. Limited (Mexico).— (See Map.)—Operates Mexico City north to Juarez City, with branches, viz.:
Owned —
Mexico City to Juarez City
Mexico to Rio Balsas
Chlcalote to Tampico
Tampico to Trevino
Miles.
. .
1,224
181
407
Owned —
Jimenez to Rosarlo
Other branches
MUet.
96
885
Leased—
370 Mexico Union Ry
11
217 Bar extension (Tampioo to
Branch, Irapuato to Ameca
LaBarra)
Branoh, Guadalajara to Tux6
120
pan
138
Total July 1, 1905
San Pedro to Paredon
3,155
In Ang., 1 905, an extension was proposed from Lecheria, near City of
Bonds, $100,000 tirsi 5s, due annually 190205. For year ending June Mexico, to near Tampioo, 225 m., including the Paohuoa Zaoaultipan
30, 1904, gross, $97 325; def. under oper. exp., $3,474; total deduc& Tampico Ry. (purchased), Sandoval to Apulco, etc., about 62 miles,
President, J. Crocker, Chieago, III.; the unconstruoted portion carrying a subsidy In 5% Mexican Governtions, $8,042; bal.. def.. $11,516
Vice-Prts. and Gen. Mgr., Max Toltz.; Sec, W. M. Simpson: Treas., B.
ment silver bonds at $t 0,000 per mile. An exteidon is also proC. Sammons. Offi> e, Manistee, Mich.— (V.79, p. 2588.)
The Coahuila & Pacific
jected to Acapulco. (V. 75. p. 981, 1203.)
Manitou & Pike's Peak By.— Manitou, Col., to summit of RR., Saltilio ta Torreon, Mex., 200 miles, was acquired in 1905 and
Pike's Peak, 8 9 miles, standard gauge. Operated from April to No- will be later operated in the joint interest of the Mex Cent, and Nat.
vember, yearly. Stock, $500,000; par of shares, $100. In Apr., 1905, RR of Mex. and extended from Saltilio to Paredon. V. 80. p. 1856;
V. 81, p. 726. See Stock below. On 8ept 1, 1905, acquired most of
all coupons due bad been paid. For year endin? June 30. 1904, gross,
$108,110; net. $58.861 total deductions, $26,993; bal., sur., $31,868. stock of Mex. Nat. Construction Co., owning road from Zacateoas to
Ojocaliente, 30 miles, and Manzanillo to Colima. 59 miles, a connecting
President, O. W. Sells. Office, Manitou, CoL— (V. 71, p. 646.)
be built
Maricopa & Phoenix &. Salt Biver Valley BB.—Maricopa line to31,726. from Tuxpan. V. 79, p. 1957; V. 80, p. 1172, 2621; V.
81, p.
to PhoBnix. Ariz, 36 miles; Tempe to Mesa, 7 miles; total, 43 miles.
Obganization.—Inoorj orated February 25, 1880, under the general
Stock. $1,000,000; par, $100; of which Southern Pacific Co. owns
law of Massachusetts, and also holds a charter from the Mexican Gov$510,000. Bonds, see table above. V. 67, p. 1357.— (V. 77, p. 2280.)
Marietta Columbus & Cleveland BB.— Owns from Moore's ernment. Debt readjusted In 1889—see V. 48, p. 191, 292, 327. See
Junction to Palos, Ohio, 4208 miles; branches, 742 miles; trackage also Mexican Cent. Ry. Securities Co., Limited, below. In Mar., 1901,
a syndicate headed by H. Clav Pierce of St. Louis aoqulred a majority
to Marietta, 3 20 miles. V. 71, p 810,1012. Stock, $250,000. For
year ending June 30, 1904, gross, $74 426; net, $11,675; total deduc- of the stock. V. 72. p. 627, 873; V. 75. p. 29; V. 77, p. 299. 401.
Subsidy.—The balance of the subsidy trust fund in the hands of the
tions, $16,131; bal, def., $4,456.
Pres., J. T. Blatr. Greenville, Pa.;
trustee for the payment of interest, if needed, on 1st oonsol. 4s, on
Sec. and Treas., a H. Blair.- (V. 75, p. 793; V. 81. p. 1 00 )
30, 1905, consisted of $3,636,000 of priority mortgage bon'ls at
Maryland Delaware & Virginia By.— Operates Love Pt to June $3,977,477, and $3,920 cash, *750,000 riority bonds (cost $820,
oost,
Lewes, Del., 72 miles; Queenstown Jo., to Centerville, Md., 5 miles; 437) having been withdrawn from the fund during the year ending
total, 77 miles, of which Lewes to Rehoboth, 6 miles, is Pennsylvania
June 30, 1905, to pay interest. V. 81, p. 1040.
Also owns 14 steamers running oetween Haiti rnoie,
trackage.
Stock.— Auth., $32,000 per mile or $100,000,000 In all; oatatand.,
Washington, points on the Potomac River, the Rappahanock River,
Patusc*nt River and Noifolk. V. 79. p. 1642, 1704. 2589; V hO, p. 600. $53 625,100, par $100.
Stock. $3,«>00,0o0. of which one half each of o»mmon and' 4 p. o. nonBonds.—Of the authorized issue of $8,000,005 priority bonds $1,com, pref.: par of shares, $50 each. The Bait. Ches.
Atlantic owns a 403.000 were paid off with proceeds of subsidy collections, and
majority of the stock and guarantees bonds. V. 80, p 711, 1058
canceled In 1891; $1,000 000 was issued in 1904 for additional
the
Maryland & Pennsylvania I" B.— Baltimore, Md., to York, Pa., rolling stook; the balance. $5,597,000, was held as an investment by
consolidated mortgage, but of this $1,211,000 was
the trustee of
80 miles with branch. Delta to Peach Bottom. 4 m. V. 72, p. 339.
withdrawn to pay. In connection with the balance of the subsidy
Stock and Bonds.— Stock authorized, $3,600,000, of which $1,997,- fund, the July, 1904, coupon on the consol. 4s and $750,000 was with500 reserved for future requirements. In 1902 the authorized issue of drawn in 1904-OC See V. 52, p. 390; V. 79, p. 103. (See abstraot of
the first 4s was reduced from $2,700,000 to $1,200,000, of which mortgage in Chronicle, V. 49, p. 177.)
$203,000 are reserved to retire the York and Peach Bottom 5s and
Both series of incomes are non-cum. and seoured by one indenture to
$97,000 additional for future purposes, &o. V. 74. p. 94. 427; V. 79, p. the American L. & T. Co. of Boston. First incomes received 3 p. o.
2205. Paid on incomes 1901, 3 p. c: since to 1904 inol 4 vearlr.
interest In 1890, 1891 and 1892 none since. V. 72, p. 627. 880.
Eabnings-6 mos. J 1905
Gross, $172,764; net, $56,450
In 1904. in addition to the $66,874,000 oonsol. 4s shown above,
Mar. 1 to Aug. 31.
J 1904
Gross, 155,^77; net, 43,075 $33,341,000 had been certified by the trustee, of which $16,129,000
were held as collateral for 4ig percent bonds and about $16,000,000
Surplus over charges, $33,420, against $25,825 in 1904.
Mex. Securities Co. below.
p. o. notes of 1904.
Rbpoht.—Report for year ending Deo. 31, 1904, in V. 80, p. 651, 711» for 6February, 1902, the V. 79, p. 267. See $10,000,000 collateral trust
In
company issued
showed: gross, $310,305; net, $89,923; int. on bonds, etc., $82,786! 5-year 4>« per cent bonds, seoured by $16,129,000 consolidated 4s,
baL, »nr.. $7,138. Pres., John Wilson Brown.— (V 80. p. 711, 1235.)
held in the treasury, the proceeds of which were used to retire the
Mason City & Ft. Dodge BR,-f$«« Map < hicaoo Great $6,000,000 notes issued In payment of Monterey <£> Mexican Gulf RR.,
Western..)— Owns road from Oelwein, la., to Council Bluffs, 260 miles; the balance to be applied to 137-mile extension of that road to main
Hayfleld. Mion., to Clarion, la., 100 m.: branches o Lehigh and Coalline, payment of about $2,000,000 floating debt, improvements, etc.
BB.—
&
.
1
-
;
1
i
<fe
.
;
18 m.; trackage, Council Bluffs to South Omaha, 7 m.; total,
The Chicago Great Western owns the entire outstanding
common stock ($i 9,205,400 of the authorized $20,000 0) and in
July, !1 905. proposed to acquire the non-cum 4 p. c. pref. stock, ($1 3,635.752 of the $14,000,000 authorized) and operates the road as part
of its main line to Omaha, unoer an agreement dated Apr. 1, 1901,
running tor 100 years, and later modified, which provides that the
Mason Cits- & Ft. Dodge shall receive 60 p. e. of all earnings from business interchanged.
Any surplus of net earnings after payment of interest on bonds
and pref. stock is to be held in trust by C. G. W. for payment of
ville, la.,
385
miles.
See V. 73, p. 957; V. 74, p. 205, 728; V. 75, p. 29.
In July, 1904, $10,000,000 6 per cent 2^-yr. notes were sold to pay
the floating debt. They are secured by deposit of about $16,000,000
consol. 4s. $2,500,000 Tampico harbor bonds ani $1,200,000 priority
bonds.
V. 79. p. 103. 269, 627
In Aug 1895, $4,000,"00 of 5 p. o. three-year notes were sold to
provide for completion of extension from Tuxpan to the port of Manzanillo, acquisition of Mex. Nat Construction Co., of Coahuda & Pacific,
extension of latter from S-iltillo to Pare<lon, be^iuningor co struotion
between T*nipl Co. and the Oity of Mexico, and other extensions and
improvements. V. 81, p. 7^6. 1044
88
RAILWAY STOCKS AND BONDS.
Vol. lxxxl
.
.
,
r
,
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
89
Miles Date Size, or
Amount
Par Outstanding Rate per When
of
For explanation of column headings, Ac, see notes of
Payable
Cent.
Road. Bonds Value.
on first page of tables.
Mex. Oent. ( Oon.)— Col.tr.notes,$10,000,000 au.text
Two-year gold notes
Oar and locomotive rental notes
Equipment 5s, $50,000 rei. yearly at par
do ($50,000 yearly); rel 102»sbeg.'10OH....c"
Mex Mineral- 1st M., $500,000, g., red. HO.s.f.Mo
Hex. Int.—Pt. lien,£l,200,000,rea.atpar.Un.xo*&r
1st oon. M., $16,000,000, g., not guar.Mp xo*<fer
Do
g., gu. Btp., sub. to call 95 to Moh., '07
Income 4% bonds (no mort.) non-cumulative.
Mexican National— See National RR. op Mexi
Mex. No.— 1st M.,U. 8. gold. s.f. notcalled.Mo.o'Ar
Mexican So. Ry., Lim.— Ordinary shs., 41,000,000.
4% deb.
1905
1,020,'
1,000
1897
1,000
1899
1899
1897 £100&0
1897 $500&0.
1897 500 &0.
16
615
880
880
83
1890
228
stock, £600,000 red. at par, 90 y'rs
1896
270
115
152
152
84
39
o*4r
1st mortgage, $18,000,000, gold.G
M. C. Mlohlgan Air Line, 1st mortgage. n.. o<fcr
M.C.lst M. on Det. & Bay City ($4,000,000). Un.o
U
bonds without coupons.
do
M. O. 1st mort on Grand River Val. RR.Un....o*
M. C. 1st mort. on Kalamazoo & 8. Haven. Un..r
M. O 1st M. Term. $1,500,000 (V. 64, p. 886).0<fcr
Mloh. Oent. 1st M. on Jack. Lan &8aginaw, g,o*&r
Car trusts (reg. part certs ), gu. Am. Car A P.
Jaok.Lans.A Sag. stook, 3 *a p.c. y'rly, guar.by end.
Grand River Valley stook, rental in perpetuity.
Bay City A Bat. C. 1st M., g., gu.p.A 1. end.Mp..o
Bat. C. & Sturgis 1st M., g., gu. p. &i. end.Mp.o*
Toilet & North.Indiana 1st M., guar. p.&i. (end.).o
Middletown Un. W. Gap— 1st M., ext.in'86
c*
2d mortgage, int. guar. ext. in 1896 (see text)..o*
Mid. Val.— 1st M., $20,000 p. m. g., red., text.G P.c*
a Exclusive of $697,000 held by sinking fund.
do
79-'86
1889
1896
1901
1904
84
i'86
b$l
,
&
Annual Report— Fiscal year ends June 30. Report for year ending
The gross earnings oelow are
30, 1905, was in V 81, p. 1040.
Mexican currency; all other figures V. S currency. Mexican dollars
averaged 48*41 ots. in year ending June 30, 1905, 4513 for fiscal year
1903-04 and 42-16 cts. In calendar year 1902.
Yearn end Jun 30
Tears end. Dec. 31
June
.
Net earns. (Mex.
do do (C. S.
— —
—
1903-01.
$26,002,202
19.610,872
$26,164,364
18.9tl.205
$21,1X2,827
15,170,621
382,330
$6,123,149
$5.961606
2,*»6,ft4'l
$17,599,178
2,698,55rJ
2,613,381
cur.).... $8 498 62.*
$fl
4,118,173.
cur.)..-..
1903.
INCOME ACCOUflT FOR TEAR ENDING JUHB
(U. 8. CDRRBNCT.)
Net earnings
—
.
U»U4 05.
cur.).... t3fl,0 -"7,699
Int.on TampicoHarb.Co.bds.
$1,118,173
140,675
Wltkdr'n from subsidy f and
750,0011
1902.
30, 1905.
Deductions- (Conclud ed) —
Aoctt.. etc., charged off
Cancellation of option to
$181,400
bay consol. bonds
Total
$5,008,848
Deduct—
Tamploo Harb. Co.rent.acct.
8,7 9,767
80 ',000
Miscellaneous inteies'
Betterments & improv'm'ts
83,912
270,610
Total deductions.
$163,079
Interest on bond*
$5,219,558
Deficit for year
Chairman of Board, H. Clay Pierce
$210,710
Pres't, A. A. Robinson.
Executive Committee H. Clay Pierce (Chairman of Board) A.
ton, F. H. Prince, C. D. Simpson, Bben atchards. E. N. Poss
;
:
25 Broad St,
A
,
Robin-
New York.
Directors, May, 1904, V.78, p. 2012.
—(V. 80, p. 2458; V. 81, p. 668,726, 841, 1040, 1044,1242.)
Mexican Central Ry. Securities Co.— Formed in 1899 (V. 68,
p. 331) to acquire the 4 p.c. consols of Mexican Central Ry. Each
$1,000 bond deposited was exchanged for £102 "A" and £102 "B"
debenture 4 p c stock, both secured by the same deed of mortgage to
Right Hon. Lord Hillingdon, Right Hon. Lord Revelstoke ana H. W.
Smithers, trustees. Issued £3,848,460 eaoh of "A" and "B;" interest
on "A" is payable Jan. and July 15 In London; on "B" same, if
earned, otherwise cumulative; par, £100.
Frederick M. Spankie.
Secretary, 3 Gracechurob Street, London, E.
(V. 68, p. 331, 524.)
Office,
C—
Mexican
International
UK.— (See
Map, page 98) —Owns
from Eagle Pass, Tex. (on Southern Pacific), and Ciudad Porflrio Diaz,
via Torreon, on Mexican Central, to Durango, 540 m., with branches,
90 m.; Reata to Monterey, 72 m.; branch to Tlahualilo, 43 m.; branch,
Durango to Tepehuanes via Santiago Papasquloro. 135 m,; Carbon
branch, 4 m total, 884 miles. Extension proposed to Mazatlan, on
the Pacific Coast. Organized under laws of Connecticut.
In April, 19o2, control of the road ($15,786,100 of the stock and
all of the $4,499,000 income bonds) was taken over by the National
BR. of Mexico as per plan V. 73, p. 784. See V. 76, p. 1192.
;
stock. -Authorized $25,000,000; Issued July, 1905, $20,708,200.
reorganized.
Of consol. 4s $2,497,000 were lm
Jan., 1905, reserved for extensions at $10,000 per mile and Improvements. The total lsswe of consols is limited to $16,000,000.
The National RR oi Mexico under agreement of June 30, 1902, has
stamped $6,470,000 of the consols as guaranteed, principal and interest,
these being also subject to call at 95 and interest on or before Mar. 1,
1907. V. 75, p. 185 Of the consols, $3,000,000 are deposited as collateral for the National RR. of Mexico 5 p. o. notes. V. 77, p. 769
Prior Hen 4138, see V. 65, p. 151, 1071. Consol. 4s of 1897 listed on N.
Y. Stock Exchange Feb., 1898. See application In V. 66, p. 341.
Dividend on incomes, 4 p. 0., was paid for 1902 to 1904, inclusive.
Earnings—Mex. our'cy. > 1905... Gross, $4,262,768; net, $1,631,819
Jan. 1 to Aug. 31, 8 mos $ 1904.... Gross, 4,682,881; net, 1,951,833
Annual Report.—Report for year ending Deo. 31, 1904, was given at
length In V.80, p. 1969, 1976; see also editorial, p.1946. In 1904, gross
on average of 880 miles, $6,891,197 (Mexican currency); net, $2,743,742; In U 8. money, net, including other income, $1,280,425; int. on
bonds, $551,510; rniso llaneous (net) items, credit, $20,8S4; interest
on Incomes, $179,960; bal., surplus, $569,839. Pres., E. N. Brown.
N. Y. office. 30 Pine 8t.-(V. 78, p. 2016; V. 80 p. 1969, 1976.)
Mexican National RR.— See National RR. of Mexico.
Mexican Northern Ry.—Owns from Esoalon, Mexico, on the
Mexican Central Ry., to Sierra Mojada, 83 miles, all steel.
Stock.— Capital stock Is $3,000,000; par of shares $100; see appll
cation for listing on N. Y. Stock Exchange in full, V. 64, p. 619.
Dividends...) '92. '93. '94. '95 '99. '00. '01. '02. '03 None
Per oent.... J e^u
6*9
6 4 yearly. 5
413
2
H« Since.
Bonds.— Mtge.. $1,660,000, of which $697,000 in sink, fund, July'05.
Annual Report.—Earnings as follows in U. S. currency
Net
Other inc. Charges.
Divid.
Surplus.
AS??'*.
m 0r0S8
1904-05.. $31^,377 $192,964 $40,406 $117,230
sr $161,040
9 3 " .*'— 269 9 25 149,528 41,033 114,257 $15,000 sur. 61,304
J . .
19(
20<>.888 107,347 30,849 110,056
60 000 def. 31,860
J?*?£
-(V. 70, p. 280; V. 72, p. 581, 1011; V. 74, p. 1089 V. 77, p. 2098
Mexican Ry.— Mexican Southern Ry.—See Sec. for Apr., 1905
Michigan Central Rtt.—fS^ Hap adjoining New York Central
pa0e)
K °? RpAD.-Main Un©- Kensington to Detroit, 270 miles,
•nd Windsor to Suspension Bridge (Canada Southern), 226 miles.
Bonds.—Da 1897
•
-
-
»
•
;
,
™W
&
&
&
&
&
&
Stocks— Last
Dividend.
N. Y., 25 Broad St
Sept. 1, 1908
5
6
g.
g.
4*2 g.
b340,000
5,850,000
736,500
6,470,000
4,499,000
F.
M.
4g. M.
4g. M.
O. 01.0ol.T.Co.,Bos. &Lon.
do
do
O.
A. N. Y., Morton Trust Co.
Speyer Bros.
S. London,
N. Y., Speyer & Co.
S.
4>4
1917
1919
1919
1947
1977
1977
& D. N. Y., office, 82 Beaver Dec. 1, 1910
May25,'05,2i«
Checks mailed.
See text
J.
F.
J.
M.
J.
M.
& A.
& J.
& N
& J.
& S.
N. Y. Gr. Cent. Station. July29,'05,2%
Reg.at G.O.S; op.atG.T. May 1, 1952
Rg.atG.O.S.; cp.atU.Tr. Jan. 1, 1940
N. Y.. Union Trust Co. Mch. 1, 1931
Q.-M. N.Y.,Gr'dCent. Station. Moh.
& S. N. Y., Union Trust Co. Sept.
M.
M.
&
& J.
& S.
Q.-M
N. N. Y., Gr. Cent. Stat'n.
J.
M.
Rg.atG.C.8.;op.atU.Tr.
Rg.atG.O.S.; op.atG.Tr.
& S. N. Y., Gr. Cent. Station.
Jackson, Mich.
& J.
& D. N. Y., Union Trust Co.
i g
do
do
& D.
g
J./o-J./o N. Y., Farm. L.& Tr. Co.
7
M. & N. N. Y., N. Y. Susq. & W.
do
do
S* J. & D.
5g. J. & J. Office, Philadelphia
3^
M.
5
491,200
250,000
421,000
800,000
150,000
250,000
1,
1,
Aug. 1,
Sept. 1,
Sept. 1,
Sept. 1,
Oct.
Own'd byNa.RR.of Mex.
for '04 Sept. 1
1,096,200
1,800,000
do
do
S.
Apr.
J.
J.
J.
1931
1909
1939
1941
1951
To.Tunel,1910
Sept 1, '05, 1\
July,'05,2i«%
Deo. 1. 1989
Dec 1, 1989
July 10, 1907
Nov. 1, 1911
June 1, 1910
Jan. 1, 1954
1,
1,
1,
1,
Sept. 1,
Nov.
July
-
"
•
1905. a large amount of 4 p. o. bonds had been
request of Kuan Loeb & Co., Spever
Co. of New
York, and Speyer Bros, of London, V. 78, p. 1962, 2012; V. 79, p 2588.
Earnings.— Mexican our. ) 1905 ..Gross, $4,443,923; net, $1,351,431
July 1 to Aug. 31 (2 mos.) $1904... Gross, 4,066,708; net, 1,130,596
ttie
A.
A.
8.
Whom.
1,000
1889
1,000
1889
1,000
1877
1866 100 &o.
1871 500 &0.
1.000
1904
3.724,600
000 add'l in s'nk. fd. c Of which $16,814 ,300 held by N Y. C. & H. R. RR. Co
18
41
45
13
,
Gross earnings (Mex
Operating expenses
2,057,392
600,000
700,000
6g.
a963,000
£1,000,000 See text
4
£589,266
100 cl8.738.000 4 in 1905
1.000&C 14,000,000
3iflg.
l,000&c
4
2,600,000
1,000
4,000,000
l.OOO&c ^
I
{
1,000
6
1,500,000
1.000&C
700,000
5
1,000*0
725,000
4 g.
3i«g.
1,000
1,770,000
100
100
&
Where Payable, and by
5
1,000
1902
1890
1881
1881
35*6
<tb
Deposits.—In Jan
00
CO."
Michigan Central— Stock
deposited at
M.
5g.
$9,000,000
$5,000
.
,
2d M.
Bonds -Pnnolpal,When Due.
INTEREST OR DIVIDENDS.
RAILROADS.
»
main line. 496 miles. Branches owned and leased, 1,143 miles
trackage (HI. Cent.) into Chicago under perpetual lease, 14 miles; total,
January 1, 1905, 1,653 miles. There are 396 miles of second track;
and 1,147 miles of sidetracks. In Feb., 1902, jointly with Lake Shore
& Mich. 80. took over Detroit Toledo Milwaukee RR.. Allegan to
Dundee, Mloh., 133 miles. V. 74, p. 379; V. 76, p. 1026. The operation
of St. Joseph South Bend & Southern South Bend to St. Joseph, 36
miles, leased to Indiana III. & Iowa, was assumed Apr. 14, 1905.
The Mich. Cent, and the Lake Stiore are building a connecting line
from a point outside of Chicago to Danville, HI., 100 miles, at a connection with the Big Four, to be o jmpleted in the fall of 1905. V. 80,
p 1913.
InJune, 190i. the Mi"h. Cent, and Canada So. were preparing to
build a third rail electric tunnel road und^r the Detroit River from
Windsor, Ont . to Detroit, Mich., about 2 mileslong, unier the charte
of t»ie Detroit River Tunnel Co., to cost be/ween $3,000,000 and
$10,000,000. V. 80, p. 2343.
Organization, Leases, <sc— Re-lnoorporated under general law In
Deo., 1901, V. 73, p. 1208. The N Y. C. & H. R. RR. Co. in April, 1898.
gave $115 in its 3^ per oent 100-year gold bonds for $100 in stook.
and so in 1903 held $16,814,300 of the $18,738,000 stook issued.
Canada Southern New Contract.—See that company.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to Julv,'05
nil. 4 yearly 5
5 5^ y'rly
4 yearly
3
Per oent— 5 5
Bonds.—Battle Creek <£ Sturgis bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore & Michigan Southern, 7
miles of tue B. C. & 8. being operated by that company The $1,800,000 3^8 of 1901 are a first mortgage on the Jackson Lansing &
Saginaw RR., 350 miles ( V. 73, p. 1061; V. 76, p. 1027J Of the$18,000,000 3!28 of 1902, $10,000,000 were sold to retire first 5s and 7s, $3,000,000 additional being sold; $5,000,000 reserved for additions,
etc V. 74, p. 728; V. 76, p. 102; V. 77, p 1874.
The Detroit River Tunnel bonds (see above) will be jointly guaranteed by the Mich. Cent, and the Canada Southern.
Earnings—For 6 mos ending June 30 (1905 partly estimated):
Charges. Divid'd. B*L,sw.
Gro»s.
Net.
Oth. inc.
6 mos.
total
&
$10,676,886
10,4H5,472
]9'i6
1804
$2,152,764
2.1h8,3(6
$14«,250
19,000
$1,857,106
1,80?,835
$374,7*0
374,760
$67,138
24,711
annual Report.—Report for 1904 was in V.
80, p. 1852.
1904.
1903.
1902.
$21,492,945 $22,552,201 $19,045,083
18,152,668 18,862,320 1 5,467,504
$3,340,277 $3,6-9,881 $3,577,579
3,403,748
3,744,813
3,631,592
541,310
166,310
184,310
1,978,642
1,989,663
2.026,468
(4)749,520 (4)749,520 (4)749,520
Tear ending Dec. 31.
Gross earnings
Op. exp. and taxes
Net earnings
Net, inol'g other lno
*Rentalspaid
Interest on debt
Dividends
Surplus
$123,255
$495,258
$361,126
* Includes Canada So. rental, in 1904, $375,000 in plaoe of Can. So.
share in previous years. Pres., Wm, H. Newman, N. Y. (V. 81, p. 726.)
Middletown Unionville &. Water Gap It K.— (See Map N. T.
Susquehanna <£ Western.)—Owns from Middletown, N.Y., to Unionville,
N. Y., 13-65 miles. Stook, $149,850; par, $50. Controlled through
ownership of stock by New York Susquehanna & Western, whloh
pays Interest on bonds. In year ending June 30, 1904, gross, $51,060;
net, $12,869 ; charges $22,261; bal., deficit, $9,892.— (V 64. p. 664.)
Midland Valley
Owns and operates from Excelsior, Ark.,
south to Hoye, Arfe., and north to Fidelity, Ark., also from Exoelsior
west to Pawhuska. I. T. a total of 244 miles. Further extension contemplated from Pawhuska to Arkansas Citv, Kan., making a toial of
300 miles. See V. 78, p. 702, llv>9; V. 8C, p. 2345.
The Cherokee Construction Co., with $5,500,000 stock, in Deo.,
1904, issued $3,500,000 three-year 6 p. c gold notes, whtch are secured by all the stook and bonds of the Midland Valley and mortgage
on 18,500 acres of coal lands. The tonnage from 30,000 additional
RR.—
acres is controlled.
Stook authorized, $9,000,000; outstanding, April. 1905, $3,724,600;
par of shares, $50. Bonds are subject to call at 107 « to and including
Jan. 1,1910. Pres., Charles E. Ingersoll; Sec and Treas
E. Yar
nail. Office, Girard Trust Bldg., Philadelphia.— (V. 80, p. 2345.)
,
Mill Creek
& Mine Hill
Navigation
& RR.— Mill Creek Jo. to
Broad Mtu., Pa., 6-3 miles; branch 35; 2d track
34-6 miles. Leased in 1861 for 999 years to Phila.
assumed In 1896 by
iHillen
6c
H
& Read. Railway;
38 in.; total track,
& Read. RR., lease
rental $33,000 and taxes.
Millet, Ga., to Vidalia, 53
21 miles from Stlllmore to Vidalia
mpleted in 1904.
Phila.
Southwestern Ry.— Owns
miles, of which
Stook, June 30, 1903. $39,000. Of the bonds. $1 000 per mile is reserved for improvements on present line and $%000 per mile for extensions. V.80, p. 1424. For year ending June "0, 1904 (3 1 miles),
gross, $60,198; net, *19,5?4. President, D. B. Dorden: Gen. Mgr.,Seo.
and Treas., Frank R. Durden, Monte, Ga.— (V. 80, p. 1424.)
Milwaukee 6c Lake Winnebago
(See Wisconsin Central.)
Mine Hill
Schuylkill
From Schuylkill Haven
to Ashland and Enterprise Jot., 42 miles; 2d track, ' 9 m.; total traok,
134 miles. Jn 1897 rental reduced to 6 p. 0. on stook under new lease
for 999 years from Jan. 1, 1897, to Phila. & Read. Ry. Co. Dividends
Said stockholders are 2^ p. 0. in Jan. and 3 p. 0. in July, ^ p. 0. being
eduoted for taxes.— (V. 63, p. 1011.)
RR.—
&
Haven RR.—
]
90
RAILWAY STOCKS AND BONDS.
[Vol..
lxxxf.
"
.
RAILWAY STOCKS AND BONDS.
<)0T., 1905.
91
Bonds— Prtnol
INTEREST OR DIVIDENDH.
pal, When Due.
Rate per When Wbere Payable, and by Stocks—last
-
RAILROADS.
For explanation of column headings, &c,
on tlrst page of tables.
<t
of
Par
<fi
8
1905
53
<
NORT H WBB
Milwaukee <£ Lake Wii>ner>ag»—8ee Wisconsin CeI NTKAL
Milwaukee dt Northern— See Chicago Milwadhbh A ST
42
Mine Hill Schuylkill Far.—Stock (6 p. ot. rental)
66
Mineral Range— ( one. mort., text, g„ red. at 105. c
66
General mortgage, int guar, by Can. Paoino F.
20
Hanooott & Cal ., oons..M. g., red. at 105, ass'd...
Minneapolis & St. Louis— Common stook.Ce
Pref. stock (V. 70, p. 1150), 5 p. c, Don-oum.Ce..
27
o*
IstM., Minn, to Merrlam Juno., gold.FP
81
IstM., Merriam Junction to Albert Lea.gold.F.o*
Iowa ext. 1st M., g.(Al. Lea to Ft. Dodge)g.Ce.c* 102
53
Mort.on 8outhw. exten., g. ($12,000 p. m.)Ce..o*
92
-...c*
Paoino extension 1st mortgage, gold.Ce
50
100
100
First consolidated M., $5,282,000, gold.Ce. c*<fcr
632
1st &ref., M, $25,000,000, g. ($18,000 p.m.). Ce
Mxnn. St. P & S. Ste. M.— Com. stock, $14,000,000
Preferred stock, 7 per cent, non-oum
Minn. Hault Ste. Marie & Atlantic 1st M.g.Ce..c* 495
286
Minneapolis & Pacitto. 1st mortgage t!e
Oonsol. M., gold, Int. guar, (end.)—See text Ce.o* 1,789
1,789
2d M., $5,000,000, gold. int. guar.. re
Minnesota Transfer—1st mort.— ($554,000 are 4s)c "66
-1 st mort., $200,000, g..c*
Minn. & N». Wisconsin
22
Mississippi Arkansas dt Western— 1st M., gold. AC.
Miss. Ofut.— 1st M.. called for payment Nov. 1
Mo.ttlil Br.4 UHl S C M AS L B.— IstM.red.g.SStc*
Oonsol. mort gHge, $2,000,000, auth., gold
Missouri Kansas &. Texas 1st mort., gold.Ce.. 1,601
c
—
1.601
1, 1905: b $495, 000.
1.000
1877
1877 500 &o.
1,000
1879
1,000
1880
1,000
1881
1,000
1894
1,000
1899
100
100
1,000
1886
1,000
1886
1,000
1888
1,000
1899
1,000
1886
1,000
1902
1,000
1902
1,000
1904
1,000
1901
1,000
1904
1890 500 <fce.
1890 500 &C.
C$174 ,100. d
line
,
,
As to
first oonsol.
5555
mortgage see abstract V. 59,
p.
1145.
The
re-
funding mortgage of 1899 limits the first consols to $5,155 000.
First refunding mortgage of 1899 is ror $25,000,000, of which
$10,000,000 reserved to retire underlying bonds and 55.341.000 for
future extensions, improvements, etc., under severe restrictions. The
mortgage is a first Hen on 283 miles oi road, etc., and a blanket Hen on
rest of property, and is further secured by deposit of $2,530,000 Des
Moines & Ft Dodge common sto> k. V. 68, p. 187. 332; V. 79, p. 2147;
p 2220 See application to list, V. 69. p. 32.
The $1,072,000 Des Moines & Fort Dodge 4 p. o bonds, dated Jan. 1,
1905, are guaranteed, principal and interest. V. 79, p. 1704, 2696.
Earnings— 2 mos.,) 1904-5
Gross,
$623,244; net, $265,377
V. 80.
July 1 to Aug 3 1.
>
1903-4
Gross,
Annual Report.—Annual meeting
1903-04 was in V. 79, p. 1952.
Tear Ending lune 30.
Average miles operated
Passengers
Freight
1st
1904-05.
642
$897,311
188,912
Report for
500,660; net,
Tuesday
in Oct.
1903 04.
642
$825,830
1902-03.
642
$9'>1,939
2,224,520
2,021,993
1,878.058
Mail, express, &o
157.452
146,677
139.013
Gross earnings
$3,076,756 $2,850/65 $3,265,472
Net over taxes.
$1,130,381 $1,049.2*3 $1,237,530
Otherlnoome
237,540
275,248
217,415
Total net inoome
$1,367,921 $1,324,-11 $1,454,945
Interest paid ,
1,020,376
931447
886,980
Rentals
63.182
56,045
56,050
Miscellaneous
28,323
38.942
Dividend on pref stock
(5)193,045 (5)200,000 (5)200,000
Dividend on common stock
(5)300,000
( 2^ 150,000
Bal. surplus for year
sur.$57,995 def.$51,922
$11,915
Officers.— Pres., Edwin Hawley, New York; Vloe-Pres., L. F. Day;
Sec, Joseph Gaskell. Minneapolis; Treas.,F. H Davis, 25 Broad St.N Y
Directors— E. Hawiey, H. t£. Huntington, James N.Wallace, F. B. Palmer, F HDavli. John K. Searles, New York: h. C. Weir, New York; George Crocker. New
York. L. F. Day. Minneapolis.-(V.7», p. aU7: V. 80, p. 2^0; V. SI, p. H00, 1175.)
Minneapolis St. Paul
Sault Ste. Marie Ry.— Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North
Dak., at the International boundary line there connecting with the
Canadian Paoiflc, 1,039 miles; branches, Hankinson, No. Dak., to Bismarck. 214 miles; Glenwood to Emerson, Wishek, North Dak., to
Pollock. 70 miles; other branches, 202 miles; spurs. 21 miles; total
July 1905. 1,811 miles; also trackage In Minneapolis, St. Paul and
Sault Ste Marie 19 miles.
In Nov ,19u4, extension from Glenwood, Minn., north to Winnipeg,
330 miles, included above, was completed. V. 77, p. 765.
n May
1904, the Bismarck Washburn & Great Falls Ry., Bismarck to Underwood, N. D.,«0 miles, was acquiied. V. 78, p. 1962: V. 79, p. 103
In
July, 1905. branch Thief River Falls. Minn., to KeomaiM. N D 300
m., was builnine; also branch from Egeland to irmo »rdale, N. D , 21
miles, and extension from Bismarck to ttarrison, N D.. 20 miles, were
under •oustruotion June 30. 1905. Ladysmith to Owen. Wis.. 45
'
&
,
m
under contract.
Histort.—A consolidation in 1888 of Minn. Sault 8te. Marie & At.
& Pac, etc (See V. 46, pp. 538, 609; V. 77, p. 628.)
8TOCK.— Canadian Pacific on July 1, 1905, owned $7,066,600 common and $3,533,400 preferred. Preferred stock has a prior right
Minn.
to 7 p. o. (non cum.); then oommon to 7 p. c: then share pro rata.
75. p. 549. Car trusts, $66,975; due. $13,395 semi-an., 1905-07.;
TjjVTDEndsPreferred (per cent)
Common
(per cent)
,-t
«mtm
1903.
7
2
V.
1904.
,«
-.
1905.
7
4
7
n,,
J.
Philadelphia.
<&
O.
J.
5g- A.
4,210,200
593,000
1,000.000
325,000
c6.000.000
d4,000,000
455,000
950,000
1,015,000
636,000
1,382,000
5,282.000
b9.845 000
14.000,000
7,000,000
8.209.000
314.000
32,272,000
3,500,000
1,458,000
110,000
220.000
See text.
768,000
790,000
40,000,000
20.000,000
$39,100.
J
5!fi
4 g.-5
J.
g ' J.
i g- J.
5
See text. J.
5 In 1905 J.
J.
l g J.
7 g.
e - J.
l g. J.
7
A.
-
4
g.
M.
M.
A.
A.
&S
4
4
J.
(5) J.
8 " J.
J.
4<&5
5g.
5
5
4
4
4
4
F.
J.
J.
M.
J.
.1.
J.
F.
York.
Phila., Office,
New
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J.
J.
D.
D.
D.
O.
N.
8.
O.
O.
Apr.
1,
5%
1955
119 S. 4th. July 15,
York, 44 Wall St.
All owned by Can. Pao.
New York, 44 Wall 8t.
N. Y. Central Tr. Co.
g.
g
£ g>
5 g.
4
4 in 1905
7 In 1905
New
Dividend,
July, 1905,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Minn, office; chks mailed
do
do
N. Y., B'k of Montreal,
do
do
do
do
do
do
'05, 3
Jan. 1, 1931
Jan. 1, 1951
Jan. 1, 1931
Jan. 15,'04,2i*
Julyl5,'05,2i«
Jan. 1, 1907
June
June
Deo.
Apr.
Nov.
Men.
1,
1,
l,
1,
1,
1,
1927
1909
1910
1921
1934
1949
Oct. 16,'05,2%
Oct. 16,'05,3i«
1, 1926
1, 1936
July 1, 1938
Jan. 1, 1949
J
A. lstN.B*k,8t.Paul,Minn. Aug. 1, 1916
Tr., Minn. Jan. 1, '06-'08
J Minn. L.
Sav.Bk.,Chlc Jan. 1, 1922
J. 4m.Tr.
Nov. 1, 1905
N.
York.
Jan. 1, 1951
J.
Yortr.
Jan. 1, 1951
J.
D. N. Y. Office, 49 Wall St. June 1, 1990
do
do
June 1, 1990
A.
J.
J.
J.
&
Jan.
Jan.
&
New
New
the bonds assenting to a reduction of interest to 4 per oent. (See
About one half the Minn. & Pao. bonds
and practically all of the other issues assented.
Abstraot of Minneapolis Sault Ste Marie <t Atlantic mortgage In V. 45,
The consoi. mortgage of 1888, abstraot V. 47, p. 142), was for
p. 243.
$21,000,000 on 800 nlles (sufficient of this reserved to retire prior
»onds) and for $20,000 per mile on all additions. V. 73, p. 185; V. 78,
As to 2d 4s, see V. 68. p. 669.
p. 820: V. 7». p. 13^2; V. 80, p. 651.
771, 977; V. 71, p. 645.
Gross, $1,693,742; net, $849,014
Latest Earns.— 2 mos. > 1905
$1904.... Gross, 1,231,057; net,
569,440
July 1 to Aug. 31.
Report.—Report for year ending June 30, 1905, was in V 81, p. 1041.
Vet.
Int. .taxes, etc. Equip., etc Bal., tur.
Gross.
Year.
1904-05.. .$8,7 6,622 $4,214,015 $2,150,599 $386,550 $1,676,866
1,859,472
250.000
3,246,718
1.137,246
1903-04... 6,993,498
Dividends of 7 p. c. on pref. call for $494,687 yearly and of 4 p. o.
on oommon $554,012 yearly. -(V. 80, p. 651; V. 81, p. 976, 1041.)
See page 178.
Minnesota 6c North Wisconsin
Minnesota Transfer Ry.— Union road, owning 13 54 miles, extending from junotionwith Chic. Mil. & St. Paul at Merriam Park to
Fridley (with stock yards, etc); side tracks 44*28 miles; total 57*82
miles.— (V. 67, p. 956). Stook, $70,000, equally owned by:
Chicago Milwaukee & St. Paul, Northern Pacific, Chicago St. Paul Minn. &
Omaha, Minneapolis & St. Louis, Wisconsin Central, Chicago Burlington &,
Qulncy, Great North.. Chic. Great Western.Minn.St. Paul & Sault Ste. Marie, and
Chic. Rock Island & Pac.
Additional bonds can be Issued for property and Improvements as
required. Principal only is payable in gold. Mortgage trustee. Northwestern Trust Co.. St. Paul. Minn.— (V. 66, p. 1238; V. 67. p. 956.)
Mississippi Arkansas 6c Western Ry.—Owns from a point
In Drew County, Ark., to Gaines Landing on the Mississippi River in
Chicot County, Ark., 22 miles. Extension from Oaines Landing to
Big Bayou, lorn., to be completed in 1905. Stook authorized $220,000.
Year ending June 30, 1904, gross, *25,38 » net, $1 5,529; int. on
President. A. P. Bliss, Saginaw, Mich.; Sec and
bonds, $11,000.
Gen. Man., A. F. Cook, Little Rock, Ark. (V. 75, p. 442.)
Owns Hattiesburg, Miss., to Silver
Mississippi Central
Creek. 55 miles Extension from Silver CreeK to Brookhaven, 30 m.,
will be oompieted about Jan. 1. 1906. V. 81, p 155. Bonds, of which
$1,100,000 was outstanding at last accounts, have been mostly retired;
balance called for payment Nov. 1, 1905. V. 81, p. 1100. President,
F. L. Peck; secy, and Treas., C. P. Davidson, both of Scranton, Pa.—
all
Minneapolis to Angus, la., 260 miles; Western Div., Hopkins to Watertown, 8 D 215 miles; Kalo Branch, Ha miles; Lake Park Branch, 1 H
Leases track
in. ; Winthrop, Minn., to Storm Lake, Minn., 154 miles.
age from Minneapolis to 8t. Paul over St. Paul <St North. Pac RR., 10
miles; from Hp^ncer to Ruthven over Ch. M. & St. P . 12^ miles; from
Tarato Fort Do^ge over 111 Cent., 6 miles; leases Des Moines & Fort
Dodge RK... Des Moines to Fort Dodge and Tara to Ruthven. 13 s^
miles; total operated, '99 miles. Also owns, but leases to Bur. C. R. &
Nor., Albert Lea to Iowa State Line, 13 m.
History. -A reorganization In Oct., 1894, per plan in V. 59, p. 371,
of Railway foreclosed under improvement and equipment mortgage;
mileage has since been about doubled.
In June. 1900, perrons identified with Minn. A 8t. L. obtained control of 'he lows Central Ry ; V. 70, p. 1249
The De» Midi es & Fort
Dodge RR. control of which was acquired in 190*. is leased for 30
years from Jan. 1, 1905. V. 78, p. 2333; V. 79, p. 269, 1704.
Stock— Common. $6,000,000; preferred, 5 p. o. non-cumulative,
$4,000,000 After 5 p. o. on each, both share pro rata
DIVIDENDS (p.o.) > 1896. '97. '98. *99. 1900. '01. '02. '03. '04. 1905.
Preferred
3
5
Common
None.
1*3
4
5
)
5
2^
Bonds, Etc.—Bonds issued under the mortgage due June, 1927, numbered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by Burl. Cedar Rap. & North, (now Ch. Rook I. & Pac.)
3^4^5
Whom.
A
Bonds.—Can. Pac. guarantees by endorsement 4 per cent interest on
Mineral RangeRR.-See page 463.
Minneapolis 6c St. Lout* RR.—(See Map.)— Owns main
£3
Payable
10
$323,375
210,000
1,000
TERN.
1891 500 &0.
1901 100.0.
1,000
1891
—
.
Cent.
Paul.
<fi
2d mortgage gold Ifle
Of whicn beld in treasury July
Amount
Outstanding
$25
Mine Hill Nav. <t RR.— Stock
*t toe»'e-- - 1 St M.. $800,000, gold.K...
Milwaukee Lake Shore <e Western—See Chicago &i
Mill Greek
Mille'i
Size, or
Road. Bonds Value.
__
_
Date
Miles
of
see notes
4
V. 50, p. 784; V. 51, p. 239.
1
RR.—
l
;
RK.—
(V. 81, p. 155, 1100.)
RR.—
Missouri 6c Illinois Rridge 6c Relt
Has bridge 2,100
feet long across the Mississippi River at Alton. 111.; also 2 miles of
wned by 10 of the 14 proprietary roads of the Terminal RR.
road.
Association of St. Louis, viz.: Cleveland Cincinnati Chicago & St.
Louis, Louisville & Nashville. St. Louis Iron Mountain & Southern,
Baltimore & Ohio, Missouri Pacific Wabash, Chicago Rook Island &
Pacific, 8t. Louis & San Francisco, Missouri Kansas & Texas and St.
Louis Vandalia & Terre Haute (Penn. RR system). Incorporated in
Aug.. 1904, as successor of the St. Clair Madison & St. Louis Belt RR.
V. 79, p. 1642, 681. Stock, #2 500,000; outstanding, $110,000. The
Illinois State rrustCo. of East St. Louis and Edwards Whiraker are
trustees under the mortgage of 1904. V. 8 J, p. 711.
President. J.
Ramsey Jr.; Treasurer, F H. Hamilton; Secretary; E. D. Taylor.
Office, Lincoln Trust Build'g, St Louis.— (V. 80, p. 711.)
Missouri Kansas 6c Texas Ry.— Road.— Operates a line with
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly across the Indian Territory and the Texas cotton belt to
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with brandies. (U See this company.)
Road owned.
Miles.
Operated not owned.
Miles.
Missouri Kan, A Tex. Ry.—
Wichita Falls Ry
18
St. Louis to Red River, Tex 629 Denison Bonham & N. Or.RR.
24
Hannibal to Franklin Jc... 104 Dal. Cleb. & Southwestern...
10
Branohesto Paolaand ParDewey, I. T., to BartlesvHle.
4
sons,
Kan.; Oklahoma
Austin, Tex., terminals
2
City and Guthrie, O. T.,
Operated jointly.
and Wybark and Atoka,
8t. Louis to Texas Junction.
24
I T etc
921 Kansas City to Paola
43
Mo. Kan. & T. Ry. of Tex.—
Whitesboro to Ft. Worth
71
Red River to Houston, Tex. 548 Iola to Piqua, Kansas
7
Denison to Henrietta
112 Galveston Hous. <fe Hend.... 1T50
Other branohes
476
—
Total owned
Total oper. June 30, 1905.3,043
2,790
Organization, Ac—Reorg. In 1890, without foreclosure. V.49,p. 719.
The $12,890,000 stook of the "M. K. & T. Railway Co. of Texas'*
is deposited with Central Trust Co. as trustee for che M. K. & T. security holders. (V. 54. p. 1047; V. 55, p. 298.) M. K. & Eastern was
merged In 1897, K. 0. & Pac in 1899, Sher. 8h. & So. in 1901 and Mo.
Kan & Okla. RR. and Texas & Obla RR. in 1904. V. 74, p. 1038,
1140; V. 75,
|
608, 1086; V. 76, p. 480, 1249; V. 7L. p. 2012.
grant in Indian Territory 3,110,400 acres, subject to Didian title. See V. 79, p. 903, 1281; V. 81, p. 668, 1042,
compare V. 67, p. 222; V. 65, p. 542, 594. V. 55, p. 937; V. 61, p. 1155;
V. 77, p. 2339.
p.
Land Grajt.— Land
92
RAILWAY STOCKS AND BONDS.
I
Vol. lxxxi.
:
Oct., 1905.
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
Miles
Date
Size, or
of
Par
of
for explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Mo.K.dtTex. {Oon.)— 1st Ext.M.g., $3,254,000 Ce.c,
o*
Bt. Louis Dlv., 1st, refund.
Mo. K. A East. IstM., $4,000,000 g., assum.Ce
M F
2d mortgage, guaranteed, being
retired
& So. IstM., $20,000 p.m., g., assu.Ce.o"
Kan. City A Paoiflo IstM., gold, assumed. Ce.,.o.
M. K. AOk. IstM ,$5,46 ,000., g., assum.Ce.. o*
Tex. & Okla. 1st M, $2,347,000, g, assume e..c*
1st and ref. M.. $40,000,000. g. See text.F
B.
C. & Imp. 1st M. aHPumeds. L.oaU at 12*>.F
Equip, bonds, due $67,000 s.-an. V. ' 8, p 1392
Dallas* Waoo 1st M.,$20,OOOp.m.g.Ce.o' fGu.pr,
int,
M.K.AT.ofTex.lstM.,$20,000p.m.«:e.o*<
8h. 8h.
W
161
....
162
162
202
130
277
117
. • .
...
<fe
Boonvllle Branoh, 1st M., gold,
s. f
Ce
o*
{
67
225
(end.)
....
Missouri Pacific—Stook ($100,000,000 auth.) ..
Pao. RR. of Mo. 1st M., extend, in 1888, gold.lrle
2d mort. ext. in 1891 in gold, St. L. to K. Co*
283
283
1st M., St. Louis real estate, ext. in 1892, gold
13
1st M. Carondelet Br., g., gu. p. A i.(end.)ext.'93
3d M. (cover'g all prope.of Paolfio RR. of Mo. ) Ce 296
55
Sedalia, Mo, gold
Mo. Paoiflo IstM., Lexington to
Consolidated mortgage, $30,000,000, gold...e* 1,076
c*<fer 1,120
Gold collateral trust.
671
1st oollat. mort. bonds for $10,000,000 g.IWe. ..o*
Mortgage, $50,000,000. gold, red. 102 1* Me.o*&r
Un
Two-year gold notes
ACaney
Eq
m
52
Val. 1st M.,g.,gu. (V. 70, p. 1095).c*
Verdigris Val. Independence & W. 1st M.,g.,guar.
81
K.C.& N.W.,lst M.pf."A"g..lnt.rent.,red 105,Me
Equip. Ass'n obligafns, $203,000 pay Sept.l y'ly
do
do
Ser. B.,g.,$97.0»0 due Mar. 1 yearly
Per. C, g. $282,000 June 1 y'rly . RIe
do do
....
....
Ler.
,
do
do
D
Ser.
•>
to F, g. $103,000 Dec. 1 yrly
1894
1901
1892
1892
1893
1890
1902
1903
1904
18«9
1904
1890
1892
1901
1868
1871
1872
1873
1876
1880
1880
1887
1890
1905
1904
1886
1886
1894
1902
1P03
1903
1903
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Net.
Sur or
Charges.
;
I
,
i
,
5
A
&
A
A
A
A
M.
A.
A.
J.
F.
4g.
5g. M.
5g. M.
8'
1,000
1,4
5
5
5
21,000
1,00<»
O.
O.
D.
&
A.
N.
8
M.
1,000
1,000
2,256.000
9-5.000
def.
M.
ggg-
Q.-M
e
679.<>00
Bonds— Principal, When
by
Due.
Slocks— Last
Dividend.
N. N. Y. office, 49 Wall St.
A & O
-
31:
$3,349,364
2,919,219
5
g>
g<
gg.
g.
-
$75v,062
$722,073
sur.$29.9H9
765,587
701.632
sur. 63,955
Annual Report.— Annual meeting first Thursday after first Monday
in April. Report 1904-05 was given in V. 81, p. 971. 1041.
Tear end June 30— 1905.
1904.
1903
1902.
Aver, miles operated
3.043
2,8*4
2,601
2,500
Passenger earnings. $4,935 592 $3,802,202 $3,160,455 $3,040,842
Freight
14,134,335 13,102,910 13,256,900 12.632.692
971.168
Mail, express, etc..
861,484 _ 790,838 _
717,865
Gross earnings.... $20, 041,096 $17,766,595 $17,208,1^3 $16,391,399
Ope. exp. and taxes. 1 ,937,720 12,997,710 12,449,083 11,871,564
Net earn., inc. oth.inU $5, 28,556 $5,085,608
4,858,675 $4,553,648
Interest on bonds..
3,«64,718
3,316,172
3,291 396
3.226,844
Rentals.. Ac
396,6*7
703 068
467,363
417865
Balance, sur
$1,267,191
$1,066,368 $1,099,916
$908,939
Tl $425,181 in 1905, $316,723 in 1904, $99,565 in 1903, $33,813 in 1902.
Officers.— President, Frederick Norton Finney, St. Louis: VlcePres.. Colgate Hoyt; Vice- r-res. and Gen Manager, A. A.Allen, St.
Louis, Mo.; Vice Pres. and Treas., C. G. Hedge, New York; Secretary,
8. Halline, 49 Wall St.
Direct- re— Henry C. Rouse, Colgate Hnyt, Henry W. Poor, Chas. G. Sedge.
James Brown Patter. Adrian H. Jobne ana John Greene ugn. New V rk:
Myron T. Her'ick. Cleveland, O.; F. N. Finney. A. A. Allen and James Hager»n, St Louis. Mo.; B. P. McDonald and Alfred J. Poor; H. J. De Murez
Oyens. Ams'erdam Holland and Af red W. Smlthers, of ondon, England.—
(V.81. d. 6ri«. ««8, 971, M
1 1>41.
iUlMnourl I'm Ik Ry.— (See Map.)— Operates an Important system extending westerly and southwesterly from St. Louis, Mo., including main lines from 8t. Louis to Omaha, Neb., 495 miles, and from
Kansas City to Denver, Col., 758 miles, with many branches In Kansas, etc Through the St. Louis Iron Mt. A Southern, which it controls,
connection is had with Texas and the lines of the Texas A Paoiflo,
International A Great Northern and tne St. Louis Southwestern, the
whole forming what is known as the " Gould System," (see V. 60, p.
83.) The Mo. Pao. property includes (Jan. 1, 1905)
Lines owned, and controlled. Mites.
Leased lints, etc— (Oon.)
Mils.
8t. Louis to Omaha
495 Other lines
25
Other main line
847 Trackage to St. Joseph, etc
35
Branches owned
2,047
Leased lines, tic.
Boonvllle 8t. L. A Southern... 43 Tot.Mo.Pac.andbr*nchlines.3,493
Also owns all oapltal stock of Central Branch Union Pac.etc., 388 m.;
St. Louis Iron Mountain A Southern and leased lines, 2,355 miles.
Grand total Missouri Paoiflo mileage June 1, 1905, 6,234 miles.
Early In 1901 a large interest was acquired in the Denver A Rio
Grande RR. and so In the Rio Grande Western Rv extending the
system as fa^ w«dt as Ogden, Utah. The Gould and Rockefeller holdings In me Denver A Rio Grande are together understood to constitute
1905
1904
5
4
5
$3,254,000
1,892,000
4,000,000
81,000
1.689,000
2,500,000
5.4 68,000
2,347,000
4,484 000
968,000
-
V. 79, p. 968, 1281, 1332; V. 80. p. 222, 712; V. 81, p. 613.
Guaranties.— The Boonvllle Bridge 4s are guaranteed, principal and
interest, ano also as to sinking fund beginning 1911. V. 73, p. 494.
The M. K. <t T. in Texas mortgage seourts $10,000,000 of bonds at
$20,000 per mile for extensions In Texas. They are guaranteed principal and interest. See above, and guaranty V. 56, p. 604.
The Southwestern Ooal dt Improvement Oo.'s bonds are guaranteed.
Mortgage ($1,000,000) oovers the coal on 51,000 acres in Indian Ter
ritorv, and the company also owns 2,350 acres additional, the Deni
son A Washita Ry., 20 miles, mines in active operation, etc.
Equipment Notes.— On June 30, 1905. these aggregated $4,591,536
(including those in table above), payable part yearly till 1911. V. 81,
p. 1042.
Gross.
Outstanding
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Whom.
Cent.
-
,
Latest Earnings.— 2 months ending Aug
Amount
93
A S.
J. A J.
4ia
M. & 8.
737/00
M. & N.
1,340,000
M. A 8.
4,50\000
4 g. M. & N.
1,000,000
100 77,817,875 5 in 1905 J. A J.
F. A A.
1,000
7,000,000
1.000
2,573,000
g> J. A J.
f
500 Ao.
800,000
5 g. M. A N.
4i* g. A. A O.
500
237,500
M. A N.
1,000
3,828,000
7
500Ao.
650,000
g F. A A
2
1,000
14,904,000
6g. M. A N.
1,000
14,376,000
g M. A 8.
£ g. F A A.
1. 000
9,636,000
5
500 Ac 25,000,000
4g. M. & S.
5.000
6 0« 0,000
g F. & A
£
1,000
520,000
g J. A J.
5 g. M. A 8.
806.000
1,000
5
500 Ac.
1,026 000
5
J. A J,
miMoouri K n-a» dc Texas Ky.— (Conoluded )
8TOCK — Common increased in 1904 by $7,200,000 to $63,300,300;
non-cumulative. Har of shaies, 100.
preferred is $13,000,000 4 p.
As to dividend outlook sept 1905, see V. 81, p. 976.
Bonds.— M. K. A. T. 1st and 2d mortgages of 1890 [abstracts in V.
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
Houston, Tex., 941 miles [except 71 miles of trackage] and sundry
branches, the total mileage mortgaged being 1,601 miles. Including the
Sherman 8hreveport A So., but see below. These mortgages also cover
the right to the land grant in the Indian Territory.
The Missouri Kansas <& Eastern bonds originally guaranteed were
assumed in June, 1896, the road forming the St. Louis extension froui
Franklin, Mo., to Texas Junction, Mo., 162 miles. See V. 63, p. 30.
Of the St. Louis division 1st refunding bonds; $4,666,000 were ro
erved for the retirement of both issues, the balance being for extensions and improvements on the division. V. 72, p. 1034; V. 75, p. 608.
The Sherman Shreveport <£ Southern mortgage is for $6,000,000 at
$20,000 per mile; Issued, $3,689,000, of which $2,000,000 pledged
under M. K. A T. mort. of 1890. The bonds, formerly guaranteed, were
assumed upon consolidation in May, 1901 V. 72, p. 1034. 1115.
The Missouri Kansas & Oklahoma and Texas A Oklahou a bonds,
issued at $'20,000 per mile, guaranteed, have been assumed V. 74, p.
1038; V. 75. p. 185, 733; V. 77, p. 252; V 78, p. 48; V. 79 p. 968.
Of the 1st and ref unding 4s of 19«4 ($40,000,000 auth rized issue)
$12 037,00<» is reserved to retire divisional mortgages at or before
maturity; balance unissued ($23,479,000) for future purposes. They
are payable at the option of tiie holder in sterling, m rks or francs.
2 months.
2
.
K).
M.
M.
Nov. 1, 1944,
do
do
Apr. 1, 2001
do
do
Apr. 1, 1942
do
do
Apr. 1, 194S
do
do
June 1, 1943
do
do
Aug. 1, 1990
May 1, 1942
do
do
do
do
Sept. 1, 1948
do
do
Sept. 1, 20»4
do
do
July 1. 1929
do
do
Mr/oe.Mr.'ll
do
do
Nov. l, 1940
do
Sept. 1, 1942
do
Nov 1 1951
do
do
N. Y., 195 Broadway. July20.'05,2i«
N. Y., Mercantile Tr. Co. Aug. 1, 1938
do
July 1, 1938
do
May 1, 1938
do
do
do
Oot. 1, 1938
do
do
Nov. 1, 1906
do
Aug. 1, 192©
do
do
Nov. 1, 192©
do
do
Jan. 1, 1917
do
do
Aug. 1, 1920
do
do
Mar. 1, 1945
do
do
Feb. 10, 1906
do
do
July 1, 1926
do
do
Mch. 1, 1926
do
do
Jan. 1, 1938
do
do
Sept.. 1906'12
do
do
To Mar.1,1912
do
do
do
To June, 1913
do
do
To "eo 1914
do
.
a large j,ajoritv of entire capital stock. See alHO "General Finances."
Gulf was acquired
controlling interest in the St Louis Watkins
in 1904 by the St. L. I. M. A So. V. 80, p. 1235.
The Paoiflo RR. of Missouri was sold la
Organization, Leases,
&
A
Ac—
foreclosure September 6, 1876. The present company was a consolidation in August, 1880, embracing the Missouri Paoiflo and minor roads.
Control of the International A Great Northern was secured in 1892
and of Central Br U P. in 1898-99 See V 68, p. 329, 520. As to
Texas A Pac. and Wabash, see "General Finances" below
Stock.— The amount outstanding on Deo 31, 1900, was $50,432,150;
this was Increased to $76,402,875 in 1901; in 1902 $1,400,000 was
sold to pay for new construction, 56 miles.
Divs.— I '82 '83 to '87 '88 '89 '90 '91 '92 to '00 *01 '02 '03 '04 1905
None 2s> 5 5 5
Per cents 6*4 7 yearly. 5^ 4
4 3
5
Bonds—The consolidated mortgage is for $30.000,000—trustees John
F. Dillon and Edward D. Adams— the balance unissued is In trust to
redeem prior bonds due if deemed best. Abstract In V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New
YOrk, trustee! are secured by mortgage bonds of new roads at $1 9 -00©
or $15,000 per mile; these embracing the line from Fort Scott, Kan.
to Pueblo. Col etc For securities pledged, etc., see V. 46 p. 678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874; collateral
trust notes due Feb., 1908, V 78, p. 5H4
As to 40-year 4s of 1905 see General Finances below.
General Finances.— In 1903 the Missouri Pacific Railway Co.
.
acquired $2,000.00 Wabash RR preferred stock and the St. Louis &
Iron Mt. $6,500,000 additional, the latter also owning $5,43"<.000 of
the debenture B bonds, making the entire voting interest held $13.93 \000 out of a total of *82,000.000 wtook and voting debentures. V.
syndicates In which the Gould* are Interested rave
78, p. 1109.
purchased the West Mary I'd and have completed a line connecting the
Wabash with Pittsburgh and are building easterly to a connection with
the Western Mar\land and tidewater at Baltimore. The Gould Interests are also hack of the W-stern Pao do Ry building etween Salt
Lab e City and San Kraneisoo. SeeCHR>>N Apr 29, 1905. V 79, p. 1023.
The 4s of 1905 ($50,i>00,000 authorized insue) are to be secured by
an equal amount at par of Iron Mountain stock, the deposited stock
to be never less than a majority of the outstanding amount, the Mo.
Pao. covenanting that it will not permit the creation by the Iron
Mountain Co. or any stock having pieference or prlorltv as to dividends or otherwise over the stock p edged or t> e creation of any
bonded debt of the Iron Mountain Co in addition to its bonded debt at
present authorized, except to fui d. extend o- retire such present
authorized boDded debt, or for new property at a fair value not exceeding cost The present issue of $25,000,000 is secured by an equal
amount of Iron Mountain stock. The remaining $25,000,000 is reserved for extensions, improvements and betterments. V. 80, p. 712.
Earnings- 8 months. > 1905 Gross, $27.3" 1,50^; net, $7,058,965
Jan 1 to Aug. 31.
Gross, 27,795,229; net, 7.176,241
5 1904.
For 4 months ending April 30, 19o5.net i^,446,ttl8; other income,
$1,405 126; charges, $3,507,524; balance, surplus. $34* ,220.
annual Report.— Fiscal year ends Deo. 31. Annual meeting Is held
*t St. Louis in March.
Report for 1904 was in V. 80, p. 1108. 1116;
see editorial, p. 1086. Earnings >f Missouri Pacific system have been
as below. "Other Income" in 1904 Inoludes Interest on Tex.
Pao.
2d mort. Incomes, $ ,113,400; Paoiflo Express Co., $252,C00; Denver
A Rio Grande RR.. $365,000; coal companies, $1 42,500. etc.
Tear ending Dec. 31.
U04.
1903.
1902.
Miles operated
6,140
5,«46
5,613
Total earnings
$43.693.6 1 7 $43,095,768
$37,495,688
Setearnings
13,' 87,576
13.680,765
12,452,497
Other income, Ac
3.7T6.965
2,937,274
2,422,139
>
1
:
Total netincome
Interest and rentals
1 axes.
..
.........
$16, '24,850
$7,71 », 109
$17,457,730
$7,107,3.'-
&
$14,874,636
$6,645,672
1,123,374
560,968
3,855,110
2,689,512
1.298,"71
1.22 %240
1.2»v,337
1.530.645
Dividends (5 per cent)
3,890.-67
3,890,115
Balance, surplus
2,034.766
3,696,378
Officers.— President, George J. Gould; Secretary and Treasurer, A.
H Calef 195 Broadway, New York.
Directors.— George J Gould. Russell Saee, Bdwln Gould, Samuel Sloan, Jamec
H. Hyde, J"bn D. Rockefeller Jr Howard Gould. B. Parmelee Prentice, Fred.
T. Gates and Frai k J Gould, New Vork Charles S. Clarke, (>. L. Garrison. W.
B. Bixby. Si Louis. Mo.-I V. «>, p. 1 I OS. 1 1 6 i286, i!458; V. 81. p. nia, Sd65.)
'iindry accounts
,
. .
,
,
;
1
(Missouri Pacific
System— St. Louis Irou
'louutuiii 4c
Southern Ry.— (See Map.)— Owns St. Louis toTexarkana, Tex. Line.
490m.; oranches to Belmont.Mo., Bird's Pt., Mo. (Cairo), Camden, Ark,,
aelena, Ark.. Cushman, Ark., Arkansas City, Ark., Warren, Ark., Memphis, Tenn., Ac; Houston Central Arkansas A Northern Railway, MoGehee, Ark., to Alexandria. La., 191 miles; White River branoh,
Illinois Division, Memphis Helena A Louisiana, East A West 111. Ry.,
1,278 miles; total
owned Jan.
1,
1905, 1,»59 miles.
Leases Little
Rook A Fort Smith and Little Rook Junction railroads. 175 miles:
Kansas A Arkansas Valley RR. '71 miles; St. Loui Southw. Ry., 51
miles
Total operated Jan. 1, 1905. 2,356 miles.
Holders of $23,668,000 of the $24,983,093 Texas A Paoiflo seconds have exchanged their bonds for 65 per oent in new Iron
Mtn. gold 4s bearing Interest from July 1, 1899. See Bonos below,
also V. 68, p. 329, 380, 474,
520, 572. 619, 725, 774.
—
M
"
-
RAILWAY STOCKS AND BONDS.
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MAP OF THE
MOBILE, JACKSON
KANSAS CITY R. R.
m
AND CONNECTIONS, e
RAILWAY STOCKS AND BONDS.
Oct., 1905.1
RAILROADS.
Miles
Date
Size, or
Amount
For explanation of column headings, Ac, see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
Louia Iron Mountain <t Southern— (Missouri P
Gen. oonsol. A 1. gr. M. ($45,000,000) g me
o*
Do
do
gold, stamped, guar. p. del.. o*
Unifying A ref. M., gold, $40,Ooo.0oo.mp.... o*
River & a Dlv'ns 1st M., $50,000,000, g.me.o*&r
Car trusts, H t'> M, due June, nept. A 'ec, y'rly
Car trusts, ser.Nto P, $355,000 or $357,000 y'ny
Little Kook Juno. lstM.,gu. p.Al.by Ir. Mt.me.o*
Pine Bl'ft & West. 1st M., gu. p A 1., red. lOyrs. 105
St.
aciflc
1,538
1.538
1,538
571
'
Jfo. Riv.<£ v oritiw. -1 st M.,*., $ ,000,000.. re d. text
Mobile t£ Birmingh. Rti.—Piel. stook ($900,000)....
Prior lien, gold, $60O,00O.Ce
o
Me.o
1st M.. $1,200,000
Mob. Jack. <e K. 0.— lstoon.M.,$4,000,000, g.Ce.o*
Glf.AC.,letM.,$5 000.000, g.,gu. red. 110.« ol.o*
Mobile <e Ohio— 1st M., Mob. to Col. (piin. gold).F.o*
1st M., exten.,Colum. to Cairo & b ranch, go Id V..0
General mort. for $10,500,000, (now gold) s. f.FcMontgomery Div.,lstM.. $4,000,000, gold.Ce.o*
Collat trust, gold. ($2,500,000) call at par G.o*
St. Louis A Cairo 1st mort., gold, Interest guar c
Mobile A B. Sh. 1st M., $200,000, assum., g.,F.e*
Equipment bonds (mostly 6s)
Equipment trusts "A" & "B" (V, 71, p. 749), s. f.
2
44
i
.
149
149
200
35
1895
1895
1903
1903
1879
1883
1888
1897
1900
1886
1899
1898
1899
1901
1904
1902
1892
1902
1902
100
1900
472
55
506
189
iei
38
182
1,000
1,000
500 Ac.
1.000
500
Ac
1,000
1,000
1,000
1,000
1,000
1000
1000 Ac
1,000
;
$899,463.
for 1904 in V. 80, p. 1109,
showed:
1903
1902.
$19,788,829 $19,575,350 $17,640,578
1904.
6,9*8.100
6,720.285
6,634,320
1.4P3.923
1,428,572
1,274,607
8,482,023
8,148,857
7,908,927
3,9b3.688
3,624.601
3,170,531
Taxes, bridge exp., rent'ls, Ao.
1,197.365
1,056,5 '2
936,591
Dividends
(10 %)2,578,831 ( 10)2.578.831 (1 0)2,578,831
Balance for year
8ur.*742,139si>r.3>p88.913 su.$l,222,974
-(V. 79, p. 270, 12b7, 1332, 2643; V. 80, p. 473, 2459, 2622.)
Missouri uiver
Northwestern By.— V. 81, p. 212, 265.
mobile Sc Birmingham
Mobile to Marion Junction, Ala.,
149 miles; opened in July, 1888. Leased to Southern Ry. from Mar. 1,
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stook of 1
per cent for first year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry., and the voting
power on the preferred irrevocably assigned to the Southern Rv.
during lease. V. 68, p. 429, 1134; V. 69, p. 391 ; V. 71, p. 1013.-(V. 72,
&
RR.-
p» XoT.)
mobile Jackson
A Kansas
RR.— (See
City
M ap.j—Operates
Road ow- ed.
iniln
Ri ad <ont* oiled.
Mites.
Mobile, Ala., 10 Hattlesburg.. .. i59 Gulf & Cbicavr (leased 99 years),
Beaumont, Miss., to Decatur,
Pontotoc, Miss., to Midaleton,
Miss commenced oper. 19<'4.... 98'0
Tenn
62
ElliMnile J nnc. to KMi-vllle, Miss.,
Decatur, Miss.,
to
Pontotoc,
comm> need oper. ltOl
6"1
Miss., com. oper. Aug. 1,1905.... 141
Total main track owned
200-0
Total
Total road owned and leased [1OO miles eo-lb. and 80S m. 70-ii. steel]!!
8TOCK.— J
K. C.
$4,000,000 common; par
!
!
203
403
RR
M A
$100
Gulf A Chicago Ry
5,000,000
do
do 100
OND 9 _M \ J l &K.C.RR. $4,000,000 1st consol. mort, covering
o™
200 miles main track and valuable terming property in Mobile Har,
bor; $3t>,< Ou of old first mort. 5s still outstanding, for which
equal
amount of consols are reserved. The 1st consols are subject to call
at 110. V. 77. p. R22; V. 70. p. 687; V. 78. p. 48.
ult & hioa,eo
y- $5,000,000 first mort. 5s; the £4,000.000 issued
Sl
°
R
oover 203 miles of track. Bonds guaranteed principal and Interest oy M. J & K c. RR. Co. by endorsement on each bond.
Both
issues of bonds 1 mited to $20,000 per mile of main track.
RiQn^R r<iILnr year
Jun « 30, 1903, in V. 77, p. 822T^
8
V e r lg mlle8)l gross, $528,017; net,$233,009; charges,
<
« ,° 2 o o o t
c
*46,780 in 1902 " 3 ( * 6 * verage mile8) -
SA^i
grost
e^S
l^ffiS^ife^:'
-
g
M.
A
&
A
A
O. N.Y., Mercantile Tr. Co.
O.
do
do
A.
-
J.
J.
J.
I'-
J.
ll
J.
J.
J.
6
? g
4 g-
A
A D
A J.
A J.
A J.
A J.
A J.
A D.
—Jan.
S.
5g.
4«.
4g.
.-; b\
J.
j.
5
M.
A
A
M.
A
g
N.
Various.
Various,
Various.
g.
5-6
S.
3*2g.
M." "a 's.
M.
s.
3Hg
A.
A
J.
A
5
g.
g.
N. Y. and St. Louis.
X. Y. and Cleveland.
O.
* A A.
F. A
-
See text.
do
do
do
Q.-M Townsend Whelen A Co.
A O. N. Y. Mercantile Tr Co.
4*
5
5
5
4
4
do
do
do
J.
N.
Quar'ly.
-
a;
t g
133,000
2,500.000
3,900,000
1,448,000
1
Grose earnings
Net earnings
Other receipts
Total net Income
Interest on bonds
i
5
6
980 000
1,000
1,000
Ac
A.
g.
J.
2,497,000
4,000,000
200,000
185.000
1,000,000
530.7H7
500AC
500
,
Annual Report.— Report
Tear ending Dee. 31—
A.
5
900,000
600,000
1,200,000
3,9 64,000
4,000.000
7,000,000
1,000,000
9,471,555
4,000.000
200, 1,000
too, I, COO
A new short route from St. Louis to New Orleans Is
proposed via the w-st side of the river, and a connection
with the Texas A Pacific at Clayton, La and a diagonal line
from the last-named line to a connection with the Mo. Pao. at Carthage, Mo., completing a 480-mile low grade line from Kansas City to
Memphis. Of these lines, West Memohis to Clayton, La., 278 miles.
Is under construction, and Batesville, Ark., to Carthage, Mo., 239
miles, 196 miles of the latter beiug completed. V. 76, p. 543, 600, 1031
Stock.— Stook authorized $130,000,000; outstanding. $29,390,098,
of which $29,3 j 5.400 Apr. 30, 1905, owned by Missouri Pac See below.
DrviDEND-In 1899 2 p. 0.; 1900, 6; 1901, 6; 1902 to 1904, 10 y'rly.
Bonds.— General oonsoL mort. Is for $45,000,000, Nos. 11,001 to 18,0O0 inclusive are endorsed with the Missouri Pacifio's guaranty of prinotSal and Interest form of guaranty was in V. 56, p. 650; thev are a first
en on ,53t> miles. (V. 68, p. 85, 233, 520; V. 78, p. 704, 1224.)
The gold 4s of 1899 (first Issue $30,000,000) may be increased
not over $10,000,000, at $12,000 per mile, for construction or
acquisition and equipment of branches and extensions.
They are
secured by a lien (sub Ject only to the general consols on all the railroads, terminals and equipment of the company, and also a first and
only Hen on all stocks and bonds now embraced In the trust of the
fold funding note indenture upon satisfaction thereof, all leased and
ranch lines, or their bonds and stocks acquired by the loan, and all
Texas & Pacific seconds acquired, future extensions, etc. (V. 68, p.
619; V 70. p 997; V. 74, p. 206; V 78. p 704, 1224.)
The River A Gulf Divisions is of 1903 (present issue $20,000,000)
will be seoured by a first lien on 677 miles of road built or under construction <see above) and on terminal property at St. Louis, East St.
Luols, Cairo and Thebes, and 8,000 acres of coal lands in Illinois, and deposit of the bonds
of the Union
Ry. of Memphis. Additional bonds may be issued up to a total of $50,000,000
at not over $30,000 per mile of main line for new consti uotion, and
$15,000 per mile of second traok and branch lines, but not exceeding
the actual cost, and for additional terminals, equipment, double
tracks, etc. see also above. V. 76 p. 543, 600, lOS'i; V. 77, p 1875,
and application to list, V. 77. p. 2036, 204 9; see also V 80, p. 2459.
Pine Bit ft & Western guar. 5s of 1903 (American Central Trust Co.
of «t. Louis trustee), see V. 78, p. 103; form V 78. p. 769.
On July 5, 1^05, the authorized issue of oar trusts was increased
from $6,000,000 to $10 000,000; of this $2 OOO.oOO will be Issued
during the i-ummer of U05. V. 80, p 2622; V. 91, p. 155.
EARNiNG8.-For 3 months ending Mar. 31, 1905, gross, $4,675,574;
net, $i,22i.923; other income, $1,236,610; charges, $1,559,070; bal.,
sur..
Vuiuia— Prui 01INTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Mock*— Last
DividendPayable
Whom.
Cent.
tonclu ded)—
81tO'7 $1,000 $36,818,000
1,000
6,880,000
1899
1.000
30,392,000
1903 1,000 Ac 21,177,000
9.V03
2,244,000
1903
1,000
2,542.000
1891
1,000
435,000
1903
88O.000
1,000
1904
1,000
700,000
100
Equipment trusts, series A C F
Equipment trusts series "C," due semi-ann.N.
Joint equipment notes ($9,500 due seml-ann.)...
JfoA.<£4ia2.-lstM.,$15,000p.m.,g.,gu.p.&l.(en.)Ko*
Consol. mortgage, $10,0 0,000, gold. «•
o*&r.
Monongahtia RK.— 1st M.,$l, 500.000, J't gu
Monongahcla River RR.— Bonds—See B. A O. RR.
Montana RR.— lat M., g., $2,000,000
Ce.o*
Outstanding
95
A
Apr. 1, 1931
Apr. 1, 1981
July 1. 1929
May
1,
1933
To Deo, 1912
To June., 1913
Apr.
1,
1916
Oot. 1. 1923
Jui a 1, 1944
N.Y.,J.P.M.ACo.,ALon. July l,'i5,2%
N. Y.,J. P.Morgan ACo. July 1, 1946
do
July 1, 1945
do
N. Y., Colonial Tr. Co. Jan. 1, 1953
July 1, 1959
do
do
N. Y., Farm. L. A Tr. Co. Dee. 1, 1927
July 1, 1927
do
do
N. Y„ Gallatin Nat. Bk. Sept. 1, 1938
Feb. 1, 1947
do
do
N. Y., Guar. Trust Co. May 1, 1930
N. Y., Farm. L. A Tr. Co. Jan. 1, 1931
1st Nat. Bk.,Mobile,Ala May 1, 1949
To 1908
N. Y., Farm. L. A Tr. Co.
1919
do
do
To 1908
N. Y., Gallatin Nat. Bk.
Mr..'06-Mr.'ll
N. Y Blair A Co.
N. Y., Equitable Tr. Co. To J'nelft.'lS
N. Y., Knlokerb. Tr. Co. Sept. 1, 1991
N. Y.. Gr. Cent. Station Mar. 1, 2003
.
O.
Philadelphia, Pa.
Oct.
J.
N. Y., Central Tr. Co.
July
1,
1942
1,
19SO
Officers.- President, Bird M. Robinson. 5 Nassau St., N. Y.; Chairof Exeo. Com., W. D. stratton; Sec. and Treas., Geo. W. Crary.
W. D. Strattrn, W. A. Stamen. Bird M. Robinson. J. T. OdelJ, RK.Stallo,
Charles K. Levy, B. W. J< nes Jr. of New York. F. E. Dewey, Wm. H. Mcintosh, Gen J. E. W bn Ing, M< bile; Hon. W. G. Sproul, Chester, Pa.
-(V. 9, p. 968, 1332, 2748.)
mobile A Ohio RK.—fSee Map So. Ry.)— Owns from Mobile*
Ala., to Columbus, Ky., 472 miles, proprietary line, Kentucky A Tennessee RR to E. Cairo, 21 miles; branches to Columbus, Miss., Ac. 34
miles; Columbus, Miss., to Montgomery, Ala., 167 miles; Mobile A Bay
Shore Branch, 38 m.; with Warrior Branch, eto 23 miles, and Blooton
Branch, 12 miles; total owned, 767 miles; St. Louis A Cairo (leased),
Cairo to St. Louis, 152 miles, with branch to Milistadt, 7 miles; total
June 30, 1905, 926 miles.
History, Etc.— Opened in 1861 securities readjusted In 1879Lands June 30, 1904, were 242,229 acres, valued at $1*3.226.
In 1905 the Southern Ry. had acquired $8,035,000 of th«
$9,472,000 gen. 4s and $5,670,200 of the $6,070,600 stock, issuing,
dollar for dollar, its collateral trust 4 per cent gold bonds in exchange
for the M. A O. gen 4s, seoured by a pledge of the latter and also stock
trust certificates for stock, dividends being payable (A. A O.) at 2 per
cent for one year, 3 p. 0. for the second year and 4 p. o. In perpetuity
man
;
,
;
Road operated Independently. V. 72, p. 241, 483.
Dividends.— 1898. 1 p. 0.; 1903, 2; June, 1904, 2 p. 0.; 1905, Jane,
4 p. 0. See paragraph above.
stock.—Stook authorized, $10,000,000; outstanding. $6,070,600
par, $100. The voting power on $4,984,200 of the stook is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879.
Bonds. — Umter the yetural mortgage of 1888 there can be no foreclosure till four coupons are in default. Mortgage abstract, V. 47, p.
Interest on $4,000,000 8t. Louis A Cairo 4s is
83. V. 60, p. 967
guaranteed. As to Mont. Div. 1st 5s. see application V. 66, p. 1045.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were issuable in exchange for the $6,500,000 St. Louis A Cairo stock. See
V. 70, p. 532. In 1904 $6,492,000 stook had been exchanged.
Gross, $1, 402.737 net,
Earnings.— 2 mos., > 1905.
$404,936
Gross, 1,270,192 net,
July 1 to Aug. 31. 51904
350,783
Report.— Report for 1903-04 in V. 79. p 2082.
1904.
1903.
Tear end'g June 30—
1905.
1902,
912
874
Miles operated
874
thereafter.
$7,739,706 $7,486,980 $6,509,488
2,275,809
2.616,711
2,339,796
2,020,302
2,462,826
2,377,939
Net.incl.oth. income. 2,744.052
2,130,667
1.677,587
1.630.663
1,589.107
Interest and rentals. 1.754.725
Bal ance, surplus*.. $bb9,3^7
$785,239
$747,276
$541,560
* Equipment and new construction (additional to operating expenses) cost ¥417,510 in 1901-2, $;-(34,650 in 1902-3, $45 1,799 In 1903-4
and $581,233 In 1904-05; in 1902-3 dividends on stook, $107,412 (2
per cent) were alto paid; in 1903-4, 2 p. 0., $121,412, and In 180405,
4 p. c $242,824;-(V. 80, p. 2621.)
(See Map N. Y. Central.)—Owns from
Malone
Herkimer, N. Y., to Malone with branohes, 182 miles in all.
History, Lease, Etc.— In 1893 N. Y. Central leased the road and
guaranteed its first mortgage bonds. New York Central owns the
$5,000,000 stock, on which dividends of 4 per cent yeariv are paid.
In 1902 a new lease in perpetuity was made and $10 000.000
3^ per cent consols authorized, of which $2,500,000 reserved
o retire at maturity the first mortgage bonds and $3,600,000
tor Improvements and enlargements.— (V 74, p. 630, 830, 937.)
Total gross earnings $8,267,601
Net earnings
,
Mohawk A
RR.—
" mo no ."—See Chicago Indianapolis A Louisville Ry.
monongahela RR.— Brownsville, Pa., to Redstone Jet.. 35 m.,
connecting with the Pittsburgh A Lake Erie and Pittsburgh Virginia
1
11
A Charleston (Pennsylvania system lines), which guarantee the bonds
(see table above), principal and int. by endorsement
Stock, $1,428
000. Pennsylvania RR. and Pittsburgh A Lake Erie each owned
$714,000 stock.
monongahela River RR.—Road from Fairmont to Clarksburg,
W. Va., 31 miles. Road opened In 1890. B. A O. owns all of the $1,300,000 stock (par $100), the coal bonds being reduoed te $1,000,000. Car
trust 6s, principal Apr. 1, 1902, $259„000— (V. 70, p. 1092.)
Montana RR.— See page 178.
montgomery A Erie Ry.— (See Map Erie Railroad.)—Owns Montgomery to Goshen, N. Y., 10 m. Leased in 1872 to Erie RR.—which
see.) Rental is $16,000 per annum. Stock, $150,000. Dividends <4i»
p. 0. per annum) are paid May 10 and Nov. 10. Sinking fund $6,500
per annum. There are $40,500 2d mort. 5s due Oot. 1, 1927.
morelia
A Taeambaro Ry.—V. 81, p. 726.
morgan's Louisiana A Texas RR. A Steamship Company.
—(See Map of Southern Pacific.)— Road— Owns Algiers to Cheneyvtlle,
205 miles; branches, 99 miles; trackage to Alexandria, 24 miles; total
railroad lines. 328 miles; steamship lines and ferries, 806 miles.
Organization.—The Southern Pacific Company owns au of the $15,000,000 stock, but road operated Independently since 1901.
In year enaing June 30, 1901, gross, $4,799,708; net. lno. other
income, $2,358,660; sur. over charges, $1,630,002 —(V. 76, p 543.)
morris
A
Essex
UK,- (See Map
Western.)— Owns from Hoboken, N.
01
J., to
aetaware Lackawanna
cB
Philllpsburg, N. J., 85 miles;
96
RAILWAY STOCKS AND BONDS.
Vol. lxxii.
:
RAILWAY STOCKS AND BONDS
Oct., 1905.]
RAILROADS.
Miles
Date
Size, or
of
Par
of
For explanation of column headings, &o., see notes
Road. Bonds Value.
on first page of tables.
Montgomery <& Erie .Ry.— 1st M. (old 7s ext. In '86)
Morelia <£ facambaro— 1st M., g., see text.. .Hum
Morgan's La. <k Texas— lstM.(NOr.toMorg. 0.). Foist mortgage, Alexandria Extension, gold.F
General mortgage. P
Morris <& Essex—Stock, 7 p. o. guar. D. L. &
W
mortgage
Con. M. (for $25,000,000) guar. D. L.
1st
& W. C»o*4r
1st ref. mort., g., $35,000,000, gu.,p.&end.F.o*<fer
Special real estate bonds
Morris & Essex Extension stook, guar. 4 per oent.
Momntown <£ Erie— 1st M., $300,000, g., sink. fd..
Mt. Carbon dt Port Carbon RR.— Stook (rent'lguar.)
Munising— 1st mortgage, gold
Muskegon Or. Rapids <6 Indiana—1st M., gold.Ce.
Karragansett Pier RR.—\6% mort., $100,000
Nashua <& Lowell— Stook, 9 p.o. rental, 92 yrs.B.&M.
—
Nashville Chattanooga <& St. Louis Stook
o*&r
1st mortgage (for $6,800,000)
1st M. on Payette, and MoM.brs. ($6,000 p.m.)o*<fer
c*
1st mortgage on Lebanon Branch
1st M. on Jasper Br. («55,0««u are 8s, due'06)Ce.c*
gold.Ce.o*<fcr
1st mortgage on Centrevllle Branoh,
o*<fcr
1st mortgage on Tracy City Branoh
Dnok R. RR., 2d mortgage, now 1st mortgage, g.
Consol. M. ($20,000,000) $20,000 p.m.. gola.Us.c*
Nashville <6 Decatur—Stock, gu. 7^ p. o. by L. & N
Nashville Florence dt Sheffield— See Louisville &
Nashv. Te m't— 1st M.,g., Int. rent., red.l05,beg.'07
—
55
102
157
204
85
120
120
1866 $1,000
1903
1878
1,000
1880
1,000
1893
1,000
50
1864 500 &o.
1875
1,000
1900
1,000
a
1903
1,000
38
37
1900
1886
1896
1,000
1,000
1,000
50
8-5
15
340
125
29
43
46
20
48
803
119
100
100
1873
1877
1877
•77-'83
—
1883
1887
1881
1888
1,000
1,000
1,000
1,000
1,000
1,000
1,000
In perpetuity to Del.
25
1902
Lackawanna &
&
1901 500 &o.
1901 500 &o.
West., whloh assumes
p. c.
RR.—
RR.—
RR.—
;
;
Ac St.
Louis Ry.— (See Map.)—Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 miles; branohes to
Lebanon, &c, 515 miles; leases Western & Atlantic, Chattanooga,
Tenn.. to Atlanta, Ga., 137 miles, and Memphis & Paduoah Division of
the Louis. & Nash., 254 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1905, 1,226 miles.
Organization.—A majority of the stook ($7,177,600) is owned bv the
& Nashville, of which $5,501,500 is pledged under its unified
etc., so that the systems are operated in harmony. West'n &
Atl. is leased from State of Ga. till Deo. 27, 1919, at $420,012 per an.
Dividends ) 1888 1889 to 1892 '93 '94 '95 '98 '99 to '03 '04 1905.
Louisville
mortgage,
4i*
5 yearly
3% 3ia 4 y'rly None
4
5
City branch 6s fall due $20,000 yearly on Jan. 1
to 1916 inolusive, and $100,000 on Jan. 1, 1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
off at maturity; sufficient of the $20,000 p. m. are reserved for them.
In 1 905 tne rate on f uture Issues was reduoed to 4 p. c. V 81, p 1044.
Jointly with Louisville
Nashville guarantees $2,500,000 L. & N.
Terminal Co. bonds. See L.
N. V. 75, p. 1354. Guaranty of $21,000 Aetna Iron, Mfg., Mining Oil 6s, V. 77, p. 2390.
Latest Earnings.—July 1 to Aug. 31 (2 months)
2 mos.
Gross.
Net.
Interest.etc.
Bal.,sur.
1905
..$1,674,021 $405,767 $299,556 $106,211
1904.
1,693,728
509,935
301,004
208,931
since 1887. ..
s
Bonds.—The Traoy
&
&
&
Annual Report.—Report
for
1904 05 was In V. 81,
Tears end June 30.
1905.
Mileage end of year...
1,226
Gross earnings
$10,113,057
Net earnings
2,560,407
Investments, etc
18.930
Netlncome
$2,579,337
Int. on debtand tax.. .$1,174,734
Rentals
625,878
Miscellaneous
36.000
Div. on stook, 4 p. c. (5) 500,000
Balance
sur.$242.725
p. 1096.
1903.
1902
1.195
1,195
$10,206,022 $9,606,370 $7,992,530
2,624,992
2,610,766
2,370,416
18,297
22.065
18,130
$2,643,289 $2,632,831 $2,388,546
$1,183,286 $1,183,473 $1,196,957
625,878
625,878
625,878
66,000
26,000
41,000
(4) 400,000
sr.$368.126 sr.$797,480 sr. $524,711
1904.
1,201
(V. 80, p. 163; V. 81, p. 265, 612,1044,1096.)
Nashville Ac Decatur
(See Map Louisville <6 Nashville.)—
Owns from Nashville, Tenn., to Deoatur, Ala., 119 miles. Re-leased to
RR.—
Louisville & Nashville in 1900 for 999 years, the rental being 713 per
oent on stock. TheL. & N. July 1, 1905, owned $1,979,600 of the
stock.— (V 68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
Nashville Terminal
Owns bridge across the Cumberland
River and 18 m. of track. Leased for 99 yrs. from May 1, 1902, to Tenn.
Cent. RR., which owns entire $1,000,000 stock. (V. 74, p. 577 830.)
National RR. of Tlexlco.— (See Map.) -Operates a road extending from Corpus Christi.Tex , on Gulf of Mexico, to City of Mexico, with branch to Uruapan, and various other branches, as follows:
Standard Gauge— Owned Miles
Controlled Secur. owned.
RR.—
,
Laredo to City of Mexloo
802
Colonia to Taouba(3 rail track) 3
Olntura line
(3 rail track)
3
San Juan Jot. to Jaral
50
Vanegas to Matehuala
41
Monterey to San Miguel (below) 131
Other
3
7
S*
—
Texas Mexican Ry., Corpus
Chrlstl to Laredo, Tex., and
branoh
162
Total standard gauge
1,195
*g-
1,000,000
20,000,000
23,191,000
by
4^
N.
May
J.
Jan. 1, 1943
Apr. 1, 1918
Goshen. N. Y.
N.Y., U.S. Mtg.&Tr.Co.
O. N.Y.,S.P.Co.,120 B'way
J.
J.
J.
do
do
do
do
N. Y. f Del. Lack.
& West
J.
F.
M.
F.
J.
J.
J.
M.
A.
J.
g.
4g.
J.
J.
A.
N.
D.
& J
A A.
& N
& A.
& J.
& J
& J
&
&
&
&
&
&
Jan.,'04. pd.Feb., 1905.
R.I.Hosp.Tr. Co., Prov.
N.
O.
Nashua, Indian Hd. Bk.
N. Y. and Nashville.
N.Y.. Hanover Nat. Bk.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J
Nashville.
J.
J.
J.
J.
J.
Merc. Tr. Co.,
do
Miles
Uruapan
...312
Acambaro
to Gonzales
*Rinoon to
Pozos..'.
St. Louis.
N. Y., Speyer
O.
Narrow Gauge— Ownrd.
City of Mexico to
When Due.
Stocks— Last
Dividend, %.
J.
do
do
do
do
3i«g.
D.
do
do
J.
do
do
4)fl
N.
do
do
4
5g. M. & 8. Brooklyn Tr. Co., N. Y.
J.&J. 15 Phlla., Read'g Term'l.
12
4 g. A. & O Am. Trust Co., Clevel'd
7
7
I*
J.,
RR.—
Nashville Chattanooga
?*
I*
221,000
250,000
282,350
160,000
750,000
70,000
9
800,000
10,000,000 5 In 1903
6,300,000
7
750,000
6
300,000
6
426,000 6g. &8
376,000
307,000
21,000
6g.
7,603,000
5g.
7i*
3,553,750
1,000
per annum on stook.
Bonds.— Of the $35,000,000 1st refunding 3^8, $23,400,000 were reserved to retire existing bonds andi $11,600,000 were applicable to
additions. V. 70, p. 480, 477; V. 71, p. 1167. Guaranty, V. 74, p. 1308.
Earnings.— Important to route with terminal facilities on N. Y. Harbor, bui the earnings show a deficit after payment of rental (including
$1,050,000 dividends), viz.: In 1904, $673,172; in 1903, $449,121; in
1902, $595,976; in 1901, $1,415,179.-(V. 74, p. 1308.)
Morrlstown Erie
Owns Morristown, N. J.,toWhippany,
4 miles; branches, 9h miles, lnoluding branoh from Whlppany to Essex Fells, 7 miles, completed January, 1904. A consolidation In
August, 1903. Stook, $400,000, all outstanding; par of shares, $100.
Bonds are subject to call for sinking fond at any time. President, R.
W. MoEwan, 11 Broadway, N. Y.— (V. 77, p. 511.
Mount Carbon Ac Port Carbon
Owns Mt. Carbon to Port
Carbon, Pa., 3 miles; second track, 2^ miles; total track 16 miles.
Leased March 5, 1860, for 50 years to Phlla. & Reading RR. and lease
assumed In 1896 by Phila. & Reading Railway. Rental $36,250 yearly
Muscatine North Ac Soutb
See page 178.
Muskegon Grand Rapids Ac Indiana
Owns road,
Grand Rapid* to Muskegon, Mioh., 37 miles trackage, G. R. <fe Ind at
Grand Rapids, 3 miles. Operated by Grand Rapids & Indiana RR.,
which was foreclosed In 1896; consideration, net earnings. Stook.
authorized, $350,000; par, $100; issued, $1,000. Coupon of Jan .1904,
paid in Feb., 1903. For 6 mos ending June 30, 1905, gross $79,558,
against $76,935 in 1904; net, $13,418, against $11,679 Earnings for
year ending Dec. 31, 1904, gross. $171,687 net, $40,351 ; int. on
bonds, etc, $40,214.— (V. 80, p. 600.)
and guarantees 7
11,600,0"
A
&
A. &
J. &
J. &
J. &
M. &
J. &
J. &
J. &
M. &
uonas— Princl
pal,
M.
5
$130,000
1,200,000
5,000,000
1,494,000
1,000,000
15,000,000
5,000,000
11,677,000
97
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Whom.
Cent.
Nash VILLE.
;
all liabilities
Outstanding
1,800,000
100
branoh, Denville, N. J., via Morris & Essex Tunnel, to Hoboken, N.
35miles leases 37 miles total operated, 157 miles.
Leased
Amount
Var'us
2
National RR. of Mexico
Prior Hen M., $23,000,000, g., call at 105.Un.o*. 1,405
First consol. M., $60,000,000, g. (see text).Ce.o* 1,405
;
:
:
55
37
74
Leased—
Mlchoacan
&
do
&
Co.
1,
1926
July 1, 1920
July 1, 1913
July 1,05, 3H
May
1914
1915
2000
1912
June
Deo.
1,
1,
1.
Nov., 1905,
2%
Sept. 1, 1923
fuly 15/05,6%
Oot. 1, 1925
July
Aug.
Nov.,
1,
1,
1926
1916
1905,4^
Aug., '05,2i2%
July 1, 1913
Jan. 1, 1917
Jan. 1. 1917
Jan.,1906&'23
Jan.
1,
1923
Jan.l906to'17
Nov. 1, 1909
Apr. 1. 1928
July, 1905, 3h
Jan.
1,
1932
Oot.
Oct.
1,
1,
1926
1951
Pacific Ry.,
ra vatio to Zitaouaro
Ma57
Total of aU (see below)
*Matamoros to San Miguel
1,731
* Being changed to standard gauge.
Also controls by ownership of a majority of stock the Mexican International RR., extending from connection with the Southern Paoiflo
at Eagle Pass, Tex., to Durango, Mex., and to the National RR, of
Mexico at Monterey, with branches, 884 miles in all. Interoceanlo Ry.
Grand total system
of Mexico (controlled— see below), 736 miles.
to be about 3,3f>0 miles. The extension from Monterey t J 8an Miguel,
148 miles, was completed In April, 1905.
Standard-gauge train service inaugurated between Corpus Christi
and City of Mexico on Nov. 8, 1903.
Organization.—Incorporated In Utah on Feb. 24, 1902, as successor
without foreolosureofMexicanNat.RR., per plan in V. 73, p. 784.
Mexican Government, Etc.— In June, 1903, the Mexican Government purchased for $9,000,000 about 47 per cent of the entire out-
standing stock. See "V. 76, p. 1301; V.77, p. 451. Nearly all of the $33,350,000 common stock consented to the conversion of that stook
into new 5 p. 0. non-oum. "second preferred" and "deferred" stook, to
be issued at the rate of two shares of seoond preferred and one share of
deferred for every three shares of common stook, per plan V 76, p.
1192. The Government holds $10,000,000 first preferrel, $9,343,900
second pref. and $10,628,800 deferred stock. V. 77, p. 1225, 2159
The National Company acquired the 41,038,000 Interoceanlo
Ry. of Mexloo second debenture stook, the latter, with preference and
common
shares owned and since acquired, giving practical control,
thus securing for the National a line from Mexloo to Vera Jruz and an
outlet to the Gulf of Mexloo. (See "General Finances" below.)
The Government also consented to the consolidation of *he Na
tional, Mexican International and Interooeanio tiys., and grant ar, exclusive concession for 20 years from October 31, 1903, to construct a
road in a zone 50 kilometers wide with the Rio Grande River as the
northern boundary, and extending from the Gulf of Mexioo to a point
100 kilometers northwest of Cludad Portlrlo Diaz. (V. 77, p. 2159.)
STOCK.-Common
stock was $33,350,000, and pref. (now 1st pref.), 4
non-oum., $32,000,000, all outstanding. In Oct., 1903. the common stO'-k was mostly exchanged for new 2d pref stock (total Issue to
be $22,233,333) and deferred stock (total Issue to be $11,116,666). See
above Outstanding, 1st pref., $32,0Jo,000; 2d pref., $21,942,000;
deferred, $10,971,000; common, $438,50"; par of shares, $100 eaoh.
The first preferred has a prior right to 4 p. c, then seoond preferred 5
p. c; then 2d pref. and deferred share pro rata.
Bonds.—The new bonds are reserved as follows
Reserved.
Prior lien bonds. Total issue [except to refund, $ for $,
Mexican International RR. prior Hen bonds, now
$5,850,000] not to exoeed $23,000,000,of whloh are
reserved for general purposes
$3,000,000
First consolidated mortgage 4 percent gold bonds. Total
issue [except to refund, $ for $, Mexioan International RR. 1st oonsols, now $7,503,000] not to exoeed
$60,000,000, of which there are reserved
Reserved to retire new prior lien bonds wnen due
23,000,000
Reserved for improvements and new equipment, at
not exceeding $500,000 a year
6,000,000
Reserved for acquisitions of new property and for extensions at not exceeding $10,000 per mile of standard-gauge line, or $7,500 per mile of narrow-gauge
line, on whloh the consol. mortgage will be a first lien
9,000,000
The new issues of bonds are secured by a first and seoond
lien,
respectively, on all the property of the Company now
owned or provided for under the readjustment and the El Salto extenp.
sion when constructed, and also upon the securities of the Texas Mexican Ry., and the consol mortgage has »lso a first lien on $15,786,100
of the $20,708,200 capital stock and all of the $4,499,000 Incomes
of Mexican International. Of the $22,0<»0.00O oonsols issued, $756,500 Jan, 1, 1904, were in treasury, or pledged for gold notes of 1903.
Of the Mexioan International consol. 4s, $5,61S,000 are guaranteed
principal and Interest. See that company's statement; also V. 75. p. 77
General Finances.— In 1903, $8,500,000 two-year (extended In
1905) 5 p
notes (authorized issue, $10,000,000), were sold to pay for
control of Inter oceanic Ry.
They are subject to call at par on
60 days notice; denominations, $1,000 and $5,000 each.
They are
secured by deposit of £1,038,400 Interoceanlo Ry. of Mexloo seoond
debenture stk., 41,251,830 ordinary and 4102,000 seven p. o. oum. pf.
stock, $3,000,000 Mexican International 1st consol (stamped guaranteed) and $1,050,000 Nat. RR. of Mexloo 1st c msols. The remaining
$1,500,000 notes may be Issued on deposit of additional security.
Earnings.— 8 months, > 1905
Gross, $8,170,941; net, $2,697,236
Jan. 1 to Aug. 31, S 1904 ....Gross, 7,720,5^; net, 2.447,275
Above figures are in Mexican ourrency. See also V. 77, p. 1225.
Annual Report.— Fiscal year ends Deo. 31. Report for 1904, with
the bal. sheet, etc, waa given in V. 80, p. 1908, 1917; edit. p. 1946.
Gross and net earnings below are given in Mexican ourrenoy, the income acoount in U. S. currency. For earnings of the Mexioan International (operated separately) see statement of that company.
,
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RAILWAY STOCKS AND BONDS.
Oct., 1905. J
RAILROADS.
Miles
Date
Size, or
Par
of
of
For explanation of column headings, &c, see notes
Road. Bonds Valne.
on tirst page of tables.
Outstanding
Bonds— PrinciLNTKRE8T OR DIVIDENDS.
pal, When Dae.
Rate per When Where Payable, and by Mocks— Last
1899
1888
1896
144
94
22H>
A.
26
121
1905
121
1880
1,000
1905
1901
If- 97
1,000
1903 500, Ac.
1*98
1.000
1901
1,000
165
M
31
128
133
El Paso* Rock l.,lstM„$2,500,000,g.,gu.CoI.o*
Dawson Ry. A Co»l, Coll. tr., g., gu. p. A l.Col.o*
New
New
Orlta'-sdt. Morihern—lBt M, gold.K 0"<fcr..
Orleans A North Eastern— Stock, $6,000,000..
PriorlienM..g.
Ce
1st mortgage, gold
196
196
196
196
196
General mortgage, $8,000,000, gold.F
Income niori. (non-cum), $1,500,000, gold. N.. r
New
Orl.
Newport
lerm— 1st M $15,000,000, g..gu.S c*&r
& Oincin. Bridge.— Bee Louisville & Na
1901
...
o*
o*
o*
F
100
35
Collat. trust, g. Id ($3,000,000) red. at 105.N....
$h. 000,000, g , reo. Pee text. Col
Gen.
,
Alam. & sac Mt 1st M., $900,000, g., guar...N
...
,
1,000
1.000
1905 1.00C&C
100
1885
1,000
1881
1902
1902
1,000
1.000
1,000
1903 1.000&C
)
I
.
tf
exch
a»«et»
Interest on bonds. 3,L"1,"40
510, Si8
1
58 ,«&>
TraDs Mexicautly.
money
..
1,867,861
Loss on Mexican
102,928
Int. on bonds, etc
Gain on Mexican
money
46
23,358
336,330
6,
.
assets
..
net earnings
55,800
73,2e2
I
RR.
RR.— Owns from Nesquehoning Junetior
toTanienend,Pa.,17 miles; Tunnel Branch to Lansford, Pa.. 1 mile
Leased for 999 years to the Lehigh Coal A Navigation Co., which called
the stock fo> payment at par and interest on Sept. 1, 1904, and holds it
in its treasury see "Del Di^. Canal" V. 66, p.H39.-(V. 79, p, 103.)
Neaqnebonlng Vallej
Pa.,
;
RR.—V. 81,
p.
1242.
Nev., to Madeline, Cal.»
Nevada-* alitornla-OreeonRy.— Reno,
144 mile*; extensioi proposed to Lake View, Ore., 95 miles. The Sierra
Valleys RR., Plumas to Mohawk, Cal., 37 miles, is controlled, but
operated Independently. V. 79, p. 2641. Stock, common, $1,450,000;
pref., $750,000, all out. Bonds all exchanged for 5s in 1901-02.
Gross, $223.^71; net, $104,765
Earnings— 12 months, > 1904-5
Gross, 194,834; net,
76,169
July 1 to June 30.
S 1903-4
Surplus over oharges, $78,453 in 1904 5, against -4«.«03 In 19< 3 4.
Report for year 1903-4 was in V. 79, p. 2641, showing, gross. $194,
835; net, $81,735; int., taxes, etc., $38,421; balance, sur., $4. ,314
Pres., D. C. Moran,68 Win. St., N.Y.— (V. 79, p. 24f>6, 2«41.)
Battle Mtn., Nev., to Austin, Nev., 94
Nevada Oeniral
miles, narrow gauge. Stock, $750,000. Earnings for 1^04-05, gross,
$35,65S; net, $13,905; no interest paid by railroad. Pres., J. G. Phelps
RR.—
Stokes.
(V. 74,
p 379.)
Nevada Count) Narrow-Gange
RR
—Colfax to Nevada City,
miles. Stock, $250,200; par of shares, $100 each. Dividend
of 5 p. c. (fourth tince organization was paid Dec. >9o3: in 1904,
Mar., 5 p c. Nov.. fpoiln 905, Sept.. 5 p 0. Bonds: $2i5.oo0 flret
4,00o in 1902 to
7s, payable in annua) Instalments increasing from
$20,000 In 1924. Year 1904 gross, $128,135; net, $37,997; interest,
16,132; Improvts,, bonds redeemed, etc, $5,79*: dividends (10 po.1,
Kidder, Grass Valley,
S 25,020; l»al., derci', $8,951. Pres., Mrs. 8.
CaL (V. 79, p. 2796.)
CaL, 22i«
A
Newark Somerset ic Straits.— Sold to B. & O. See V. 70, p. 792.
Newnnre Dutchess & Connecticut RR.—In 1905 the New
York New Haven a Hartford acquired the road.
New England RR.— See N. Y. New Haven & Hartford.
New Jorne) Junction RR.—Terminal road through Jersey City,
Hoboken >u<i weehawken, about 5 miles. Leased for 100 years from
Jnne 30, l»6d, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Docks Ry.
New Jersey &. New York RR.— Owns from Erie Junction, N. J.,
to Garnervtlle, N. Y., 29 miles branches to New City, etc, 5 miles operates to Haverstraw, etc., 14 miles; total operated, 48 miles. Erie RR.
in April, 1896, purchased oontrol.
Stock, $1,440,800 common; $787.800 preferred; par, $100. Control is with preferred stock and first
mortgage til) 6 per cent has been paid on preferred for three years Year
ending June 30, 1905, gross, $415,278; net, $91.'/ 02; interest, etc.,
$70,086; bal., eur.. $21,616— (V. 65, p. 822.)
Jersey
Pennsylvania
Whitehouse to
rrlstown, N. J.. 26 mi es. A coi solidation of Rockaway Valley Ry. and
Speedwell Lake HR. Incorporated Dec. 21, 1904, Stock, $210,000;
outstanding. $145,000. Che $1,000,000 mortgage (see above) was
made to pay all outstanding obligations and *12%000 Rock way Valley
bonde.due Apr 1,1906. most of which have been retired. The Corporation Trust Co. of New Jersey is mortgage trustee. V. 80, p 222.
The bonds have all been issued, but in Oct., 190 s, were held in
company's treasury Gross earns. Tor year 1904 were about $73,000.
President, Cbas L. Jacobus; Sec. and Tieas., Louis E. Sponcer. Office.
:
&
New
37WA11S
.,
;
RR.—
M
N.Y.-(V.80,p. 222.)
New London Northern RR.—Owns from New
London, Conn.,
Brattleboro, Vt., to South Londonderry, Vt., 158 miles. See V. 76.
'
p. 1301; V. 80, p. b71.
Leased for 99 years from Dec. 1, 1891, to Central Vermont. The
rental is $213,552 per annum, which leaves a small surplus after providing for inter., etc, and 9 per cent dividends. Taxes and improvea»entB met by lessee, without claim on New London Northern.
•via
A, N. Y. Cent.
5g.
See text.
1,500,000
1,500.000
75 000
1,79^,000
3,000.000
2,166,000
322,000
2,600,000
3,000.000
5,000,000
4&5
4
5
5
g.
g.
6g.
5
5
g.
g.
5g.
5
g.
6,<>O0,000 3 In 1904
6
1,320,000
100,000
5,322,000
1.500,000
7,000,000
g.
6g.
4i«g.
Up
to
4g.
Moran
See text.
J Wells, F.
A Co., S. Fran
A Hud. Rlv.
1,
May
Bros.
July
2,
Feb.
1,
1907
1,
1919
1938
To 1924
1986
J, Corp'n Tr. Co.,Jer. City Jan. 1, 1930
Q.-J.
New London. Office. Oct., 1905. 2i*
J. A J N. Y., Bk. of No. Amer. July 1, 1910
J. A D.
85 years.
A A
N. Y., Colonial Tr. Co. Oct. 1, 1951
A. A O N. Y.,N. Y. Sec A Trust. Oct. 1, 1947
New York.
Jnne 1, 1928
J. A D.
do
Apr. 1, 1928
A. A O
do
Jan. 1, 1951
J. A J N. Y., Colonial Tr. Co.
do
July 1, 1951
J & J
do
P A A N. Y., Flsk A Robinson Aug. 1, 1955
Yearly
New Orleans, La.
Deo. 1, *04. 3%
A. A O N. Y., Central Trust Co Nov. 1, 1915
J. A J N.Y., Muller, Sohall ACo.
Jan., 1911
J. A J N. Y., Farm. L. & Tr. Co. Jan. 1, 1952
1
4 * p.
g. (if earned) on Dec. 1. July 1, 1958
J. A J N. Y., Standard Tr. Co. July 1, 1953
J.
9
N. Y. ,
Dividends.— 1888 to Apr., 1892, 7% yearly, then 8% yearly to 1893,
and since to Oot.. 1905 (incl.), 2H p.c quar. (9 p. an.)— V 76, p. 1301.
New Mexico Ry. & Coal.— (See Map).—Owns El Paso A Northeastern Ry., from El Paso, Texas, northeast 165 miles, to the Salado
Coal fields; controls and operates El Paso & Rook Island Ry., Carrlzosa
to Santa Rosa, 128 miles, opened 1902; Alamogordo & Sacramento
Mt. Ry., Alamogordo, N.M., to Russia, 31 in.; Dawson Ry. A. Coal Co.,
Liberty. N. M to Dawson, 131 miles, opened in lw03; total, 457 m.
In Feb., 1902, the El Paso <fe Rook Island Ry., with $2,500,000 stock,
of which 60 per cent owned by the N. M. Ry. & Coal and $2,500,000 5
per cent guaranteed 50-year bonds, has close traffic agreement with
,
Rock Island & Pao. for 9J-9 years. V. 71, p. 1219.
The Dawson Hallway A Coal Company, stock $3,000,000, has Issued
$3,000,000 collateral trust bonds which are guaranteed, principal and
Interest, and are secured by the stock and bonds ($3,000,000 each)
of the Dawson Ry. and those of the Dawson Fuel Co. <$1,"00,000 each)
the latter owning about 25,000 acres of coal, mineral and timber lands,
V. 73. p. 900; V. 74, p. 776
In May. 190 Phelps. Dodge <fe Co. aoquired the entire stock and a
majority of the bonds of the controlled properties. V. 80. p 1971.
Stock.— Stock, com.. 93,000,000; pref., 5 p. 0. non-cum., $1,000,000.
Bonds— Coll. trust 5s of 1897 are secured by deposit of all stock and
bonds of E) Paso & Northeastern Ry. of New Mex. ($2,700,000 of each),
the stock of the El Paso & N. E. RR. of Texas, $300,000 (no bonds issued), and all the stock ($2,500,000) and all the bonds ($1,500,000) of
the New Mexico Fuel Co. the latter covering 3,500 acres of coal lands.
Of the first and consolidated and collateral trust 5s of 1901, $3,000,000 are reserved to retire the collateral trust 5s of 1897 and $2,000,000
are applicable for improvements and new equipment. V. 74, p. 776.
The tceneral 6s of 1903 are subject to call as a whole at 10?> at any
lime; or on any June 1 beginning 1909, not exceeding $150,000 may
be di awn at par by lot Equipment trusts Deo 31. 1903, $833,940.
In Dec, 1904, purchased equipment, $289,032 of cost being payable
Chic.
11S.S98
Total
$8.3 S.69I »1>68>4''
Tots)
$2,445,211 $2,077,678
*7l,"80 810-.781
Surplus for year
Directors.— Cleveland H. Dodge, J. G. Metcalfe. Adrian H. Delin Jr., J N
Wallace, Cbarle» H. TitfKi, J> seph P. Cot' on Jr.. M. M. Re>nolo», all or *ew
York; L. F loree, Baltimore, Md.; Emerto Madero, Monterey; Guillermo de
Landa y EsCHnrii n, Fmilin VelafCO. E. N. Brown, Jose de I andero, Pablo
Maeeio. i-at >tu «•• Mei dec and Mignel delturbe. all of City <>t Mexico.
Officers.— President, E. N. Brown; Vice-Piesident, D. P. Bennet;
Treasurer. J M. Ftszer: Con ptroller, M. M. Reynolds; Secretary, A.
ArraJg. N.Y. office, 30 Pine St.- (V. 80, p. 194 8, 191 7; V. 81, p. 899 )
Nationni
of Tehuantrpec.-V, 81, p. 559.
Nevada A California
A
A
F.
Oct.
8HVH. LE.
EARNINGS— <U. 8. CURRENCY EXCEPT GROSS EARNINGS.)
1903.
1902.
1904.
Tear ending Dec 31—
1,452
1.349
1,586
Average miles operated
Gross earn*. (Mexican currenoy). $11,569,248 $11,344,019 $9,262,860
3,709,4X0 3,214,176
Net earnings (Mexican cuirency). 3,864,576
1,563 086 1,329,429
Net earns. (United states currenoy) 1,786,884
INCOME ACCOUNT— UNITED STATES CURRENCY
1W'4.
1903.
1904.
1M03.
Deduct—
*!?H,824
Ji4,s«3
..$1,'86.W8 $l,6«:i.0*6 Taxes and ren'als.
Net earning
Int.. disc.
N.
J.
J.
J.
7*
New tng and— Bee New York New Haven A Ha ttTFOR D.
New Bavin & Nonhan pt-n-See New York N KW H aven & Hart FORD.
1,700.000
1,000
5 1886
New Jersey Junction— 1st. M., guar., $4,000,000.o&r
New Jersey <t New York— See Erie RR. Co.
New Jers- y <£ Pennsylvania 1st M., $1,000,000, g.
New London Northern — Stock
o*
Consolidated M.. now 1st M. ($688,000 are 4s).
West River let mortgage, gear, p &i
N. Mex. By * Coat- 1st & con. & col. tr. M., g.Col
A
A
A
Dividend.
& O
M.
5g.
519,000
750,000
225,000
1,000
1,000
1,000
Whom.
Payable
Cent.
1903 l.OOO&o $8,500,000
Nat.of Bex.— (OonA— Col.notes, $10,000,000,g.red.
Naugatuck— See N. Y. Nbw Haven A Hartford.
Nevada-Oalif. Oregon.— l»t M. $1,500,000, gold...
Nevada Oenlrai— let M.,g.,non cum., ino. (s. f.).Ce
Nevada Co Narrow Gauge— let mortgage
Amount
99
,
$8.0W monthly.
V. 79, p. 2796.
The bonds of the Alaiuogordo & Sacramento M't'n Ry., of the El
Paso & Rook Island and those of the Dawson Ry. & Coal Co. are
guaranteed. See alcove. Report for year ending Dec 31, 1904, was in
V. 81. p. 208, showing net earnings of subordinate companies, $275,-
944; Interest, $369,V39; taxes, $3,500; bal., del., $96,795 N. Y. office
68 William 8t.-(V. 80. p. 1729, 1971; V. 81, p. 2o8, 508.
Or'ean* Groat Northern
Owns Pearl River to Folsom, La., 36 miles; branch to Mandevllle, 12 miles; trackage, Pearl
River to New Orleans, 36 miles; total, 84 miles. To be built to
New
RR.—
Jackson. Miss making a main Uue about 190 miles long from Jackson to New Orleans Conm ruction is being pushed northwardly from
Hiidell to Monti cello, about 100 miles. Controlled by Great Southern
Lumber Co., owning about 500,000 acres of pine timber. V. 80 n
Successor to East La RR. Stock. $2 500,000.'
998, 1235. 1913.
Bonds, $10,000,000 authorized (see table above), all except' $5
OOO.OOo issuable lor terminals, equipment, bridges, etc, are limited
to $30,000 per mile of sln^lo and $45,000 per mile of double track
See v 81, p. 841. Year ending June 30, 1904, gross, $lo7,615
ner. $27,070. Officers and directors: F. H. Goodyear (Prest.); O
Goodyear (Vice- rest.), C.I James (Secyi.M. E Olmstead, James D.
Laoey, N. G. Pearsall. E. H. Farrar (General Manager).— V. 81, p. 841.
.
:
W
New
&
RR.—
New Orleans, La. to
Stock, $6,000,000 (par, $100) of which
$5,320,000 and $4,933,000 gen. 4Hi8 and $1,500,000 Incomes were held
in June, 1904. by Ala. New Orleans Texas & Pao. Juno. Ry.
Reorganized In 1902 per plan in V. 74, p. 681. Dividend on stock 3
p. c, paid Nov. 2, 1903; Deo. 1, 1904,3 p.c Of the gen. 1^, $1,420,000
are reserved to refrre the remaining prior lien bonds and $l,2c8 000
foi future requirements.
Orleans
North Eastern
Meridian, Miss., 196 miles.
Earnings.— For 3 months ending Sept. 30, 1905. gross, $624 924
against $579,79 * in 1904. Report for 1903-04, V. 79, p. 2584.
Tr. end,. June 30.
Gross.
Het.
Other inc. Int., etc.
Balance
1904 05
$2,5^3.776 $657,054 $14,065 $406,995
$264 124
1903-04
2,416,968
628,450 15,702
389,400
254,752
Div. of 3 p. 0. in 1903 04, $180,000; not yet [October] deolared for
1901 05 -(V. 79, p. 2584, 2588.)
New
Orleans
Sc
Northwestern
RR.—Owns
from Vidalia, La
northwesterly to Arkansas State line, 115 miles. Stock, $1,499 100'
all aoquired by Iron Mtn. (Mo. Pao. system). V. 75, p. 1400.
or>eaiis terminal Co.— Owns extensive terminal property
at New Orleans and a belt railroad around the city, leasen to the
St. Louis & San Francisco anc Southern Ry. for 99 years from July 1
1903, rental covering all expenses of operations, maintenance and
charges. Southern Ry. and St. Louis & San Fran, each own half of the
$2,000,000 outstanding «tock ($5,000,000 authorized) and jointly euaranree the bonds (s«e table above).
See V. 78, p. 343, 1447: V 79
p 1466; V. 81. p. 155. (V. 81, p. 31, 155, 212.)
Newport Cincinnati Rridge Co.— See Louisville & Nashville.
New
&
Newton & Northwestern RR.—Owns Newton
City, la., 102 miles.
Com pie
ed early in 1904.
Stock, $2,50o,tOO, or which $500,000 is 6 p. 0.
to
Rockwell
non-i. emulative pref
outstanding. First mortuage bonds are subject to call on any interest day at 110 and Interest.
Both mortgages cover road and 3 218
acres bituminous coal lands. V 78, p, 4y, 703.
President Homer
Loring, Boston, Mass.; Secretary, Chas. F. Cushman, Boston. Mass
tt8S
49, 1275.)
(V. 78, p.
•
all
-
'
—
RAILWAY STOCKS AND BONDS.
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COAL COMPANY.
PROPERTIES.
<
£i PASO & NORTHEASTERN RY..\
EL PASO & ROCK ISLAND RY
COAL LANDS SHADED-
i
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^
>
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
RAILROADS.
Miles
of
For explanation of column headings, &0., see notes
on first page
—
KewCndNorthto.— lstM.,$2,500,00O g.,red.textOB
Funding mort., $t 00,000, redeemable at par
H. 1. Jt'ktyn <t Man. Beach.— Kref. stock, non-oum..
1st con. M. (now 1st M ) gold, guar. Dy L. I.Ce.c*
JTetc York Central & Budaon River— 8took.Tr..
g.,
Ce
c*<fer.
Collat. trust, g. ($100,000,000) L. Sh. stk.G.o'&r
do
do
($21,550,000) Mich. Cent. stk..G
Debentures (V. 69, p. 1102; V. 71, p. 502, 964)..
o'Ar
Debentures, $50,000,000, gold. Us
N. Y. Ohxcagodk St. Louis— Common stock
2d Dreferred (5 per cent, non-oumulatlve)
1st preferred (5 per cent non-oumulatlve)
Oe.o*<ftr
1st M., gold, sinking fund not drawn
Equip, tr. "B" g. $23,000 due yrly Feb.l5.,Ce.o<fer
Equipment notes, $20,000 due semi-annually ..
S. Y. d Oreenw.L.— Prior lien M.,gu. p. Ai...N.gxo*
N. Y. <* Barlem— Common, 14 p. c, 10% guar
Preferred stock, 14 per cent, 10% guar
Refunding M. (now 1st), $12,000,000, g...Go*Ar
X. Y. <t Jersey— \ st M., $7,000,000, red. at 110. G o*
W. Y. Lacka. <t Western— Stock, guar. 5 p. ot., end.
F.o'
1st mortgage, guar, by Del. Lack. & West
Constr. mort., guar, by Del. Lack. & W.,end.F.c*
8d M. Ter. Imp. ($5,000,000), gu. p. & 1., end..F.
Hew York Lake Erie <t Western— Bee Erie RR.
N. Y. *L. Br.-Qen.M. (now
1st)
$2>500i00 o,
J
of
Size, or
Par
g.
-
102
102
1002
1903
18
18
1885
1,000
1897
1898
1898
1900
IS 04
809
523
523
523
505
1887
1896
1900
1896
53
145
145
136
100
l.OOO&c
l.OOO&c
l.OOO&o
l.OOO&c
100
100
100
1,000
1,000
20,000
lOO&o
214
214
214
1891
1891
38
38
1.000
1,000
.
is
$350 000.
guaranty
L.
of prin.
RR. has attached to the bonds its unconditiona
and int. in addition to facts as to lease.— (V. 73, p. 32.
I.
RR.—
New
York A: Canada
Whitehall, N. Y., to Rouse's Point.
N. Y., 113 miles; branches 38 miles. Stock. $4,000,000 common and
$5,000,000 5 p o. non cumulative preferred, all owned by the Del.
& Hudson. Bonds retired May 1, 1904.— (V.79, p. 786. 968, 2697.)
Nashua &. Lowell
Owns double track road from Lowell,
Mass., to Nashua, N. H., 15 miles. On Oct. 1, 1880, leased for 99 years
to Boston A Lowell. In 1887 lease was transferred to Boston & Maine,
which pays a rental of $73,000 (9 per cent on stock).
RR.—
New York
Central &Hndson Kiver HH.—(See Map.)—
Ltnes owned.
New York to
Controlled
Miles.
441
371
Buffalo
Branches
Lines leased.
If
See this
WestShore
Troy & Greenbush
Spuyten Duyvil
to.
If
479
& Pt. M....1f
6
6
U
137
1f
New York & Harlem
New Jersey Junotion
Rome Watertown & Og
Mohawk & Malone
1f
if
Carthage & Adirondack
if
Gouverneur & Oswegatchleif
New York & Putnam
If
Boston <fe Albany
Fall Brook Ry.,eto
Beech Creek RR
Beech Cr'k Exten. RR.,
5
if
if
If
fl
etc. If
Wallkill Valley
Operated under contract.—
Terminal Ry. of Buffalo ...If
Trackage
Lake Shore
— Operated separately.
& Mich
So
H 1,4* 4
Michigan Central
111,653
N. Y Chic. & St. Louis RR. .fl 523
Lake Erie & Western
if
Northern Ohio
II
"Big Four" System
if:
Indiana Illinois & Iowa
if
Cincinnati Northern
if
Detroit Tol. & Milwaukee..
Dunkirk All. V. & Pitts.. ..If
624
182
46 Pitts. & Lake Erie sj stem.. if
13 St. Lawrence & Adirondackif
59
393 Total owned and controlled
Jan. 1, 1905 (321 miles 4231
tracked)
11,388
163
Control since acquired—
110
33 Rutland RR
415
1f
N. Y. & Ottawa
128
.If
11
205
Tetal in earnings
.3,515
History, &c— Control of the Lake Shore and Michigan Central roads
was acquired in 1898, as stated below. Their earnings are reported
separately, but the dividends on their shares held by the Central are in
eluded in the Item " other income," offset in part by interesi on the collateral bonds Issued for their purchase. V. 71, p. 502; V. 78, p. 48.
In Jan., 1900, control of the Lake Erie & Western was acquired, also
a large interest in the Cleve. Cin. Chic & St. Louis, increasing the
Vanderbilt interest in the latter to an absolute majority. The Central
has since transferred its holdings in these companies to the Lake Shore,
which see; also see V. 78, p. 48. In 1 900 an understanding was reached
between the Vanderbilt and the Pennsylvania interests, by which the
latter became Jointly Interested in Ches. & Ohio Ry. V. 70, p. 76, 125,
1049. HoldiDgs of Vanderbilt estate, V. 71, p. 1221.
The New York & Ottawa Tupper Lake, N. Y., to Ottawa, Canada,
128 miles, was acquired at foreclosure sale Deo. 22, 1904, and In Jan.,
1905, control of The Rutland & Si Lawrence & Adirondack. V. 79. d
2589, 2648, 2796; V. 80, p 222, 1240.
Stock.—Dividends on stook registered in London are payable in gold
at 4913d to dollar. As to new issues, see " General Finances " below.
Dividends since
'92. '93. '94. '95. '96-98. '99.
'00-'03.
'04. 1905
5yly.
4 yrly. 4
5
5
BONDS.— Ref. mortgage is for $100,000,000, of which $72,292,000
had been issued in July, 1905. to retire $69,323,333 old bonds and
$11,654,275 for the general purposes of the company; of the balance,
$l,054,0f was reserved to retire the same amount oi old bonds when
prestnted; the remainder ($15,000,000)18 reserved for new construcS
1891. Percent. ^514
5
5
414
V 77, p. 452.
Collateral trust 3^8 of 1898 are secured
tion.
by deposit of stock of the
Lake Shore & Michigan Southern and Michigan Central RRs. at the
rate of $100 of L. 8. & M. S. stock for each $200 of bonds and $100
of Mich. Cent, stook for each $115 of bonds outstanding. The total
authorized issues of 3h>s are $100,000,000 for Lake Shore and $21,-
550,000 for Michigan Central. See V. 66, p. 288, 336, 760, 811.
n 9
50 000 >°00 four per cent debentures were authorized, of
i i J?A.$
which $.i0.000.000 were sol. to pay balance required for terminal fa
cililles and other improvements. The debentures are to oe secured
by any new mortgage, but existing mortgages may be extended. V.
78, p. 1907, 1962. 2384; V. 79,
p.
1335, 2148.
Guaranties—The company guarantees the securities of
lines to a considerable
pany marked with a
antees Western
its
leased
aggregate— see separate statement for each 00m-
If In the table of mileage preceding.
It also guarTransit Co 3ias for $1,000,000 due February, 1923.
General Finances.-To July, 1905, about $69,323,333 old bonds had
been refunded; annual saving In Interest charges abou $1,450,000.
6 '?- "£?'
80 P- 31 In June 1903 various roads
^JJ^R-^k48 t
al
Morgan and Pennsylvania irterests purS22HX"2fl SL feJ of the
chased $6,924,200
$11,000,000 Hocking Valley Ry. common
stock. 8ee that compam ano V. 77,
p 1225
In April, 1900, $15,000,000 stock was Issued at par to provide new
rolling stook, and on Apr. 16, 1902, the stockholders
voted to Increase
^'^
^
PSW%
-
-
-
-
Whom.
Payable
Cent.
Dividend.
A O Old Col. Tr. Co., Boston Oot. 1, 1932
& D Adams Tr. Co., Boston. Deo. 1, 1913
A. & (>
Checks mailed.
Oct., '05, 2**%
A. & O N.Y.,Corbin Bank'g Co. Oot. 1. 1935
.-J. N. Y.. Gr. Cent'l Stat'n. Oot. 16.'05,li«
J. & J N. Y., Gr. Cent. Station. July 1, 1997
F. & A
Feb. 1, 1998
do
do
F. & A
Feb. 1, 1998
do
do
do
do
July 1, 20O0
J. & J
M. & N
New York.
May 1, 1934
A.
600,000
650,000
50
50
1897 l.OOO&c
1902
1,000
100
1880
1,000
1883
1,000
1890
1,000
21*4
2?owrfs--PrinclINTEREST OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stocks— Last
Rate per
$2,4fiO,000
100
t-
Bonds.— l he
Outstanding
$1,000
1,000
New York Brooklyn & Manhattan Beach Ry.— Owns from
Fresh Pond Junotion to Manhattan Beach (Coney Island), and branches
to Bay Rldce anf> Greenpoint, 18 miles, of which 16 miles double tracfr.
Leake, Etc.— A consolidation August 27, 1885. Leased for 99 ve»i
from Oot. 1, 1885, to the Long Island RR. Co., which owes majority
Rental, interest on bonds and 5 p o. on pref stock. Com.
of stock
stock
Amount
Road. Bonds Value.
of tables.
Refund. M., $100,000,000,
Date
101
5
g,
5
J.
5 g.
1,726,000
132,250.000 5 In 1905 Ci
3ifl g.
84.4*9 000
3iflg.
90,578,400
3iflg.
19,336,445
3 lag
5,500,000
30,000,000
4 g.
14,000,000
11,000,000 3 in 1905 March.
5,000,000 5 in 1905 March.
19,425,000
4g. A. & O.
F.&A 15
143.000
5
4ifl
J. & D.
220,000
1,500,000
5 g. M. & N.
8,656,050 See text. See text
1,343,950 See text See text
3i* g. M. & N.
12,000,000
5,000,000
5g. F. & A.
Q.-J.
10,000,000
5
J. <k J.
12,000,000
6
F. & A.
5
5,000,000
M. & N.
4
5,000,000
192,000
1,699,000
g>
g.
5
4
M.
M.
&
&
8.
S.
N. Y., Gr. Cent. Station. Moh. 1,'05, 3%
do
do
Moh. 1/05, 5%
N. Y., Union Trust Co. Oot. 1, 1937
N. Y., Central Trust Co. Yearly to 1911
N. Y., Nat. City Bank. To Deo. 31. '1©
N. Y., 21 Cortlandt St. May 1, 1946
N. Y., Gr. Cent. Station, Oct. 2, '05.2%
do
do
do
do
N. Y., Guaranty Tr. Co.
N. Y., by Del. Lack.A W.
do
do
do
do
do
do
N. Y., Liberty Nat. Bk.
do
do
Oot. 2, "05,
May
Feb.
1,
1,
2%
2000
1933
Oct., '05,li4%
Jan.
Aug.
May
1,
1,
1,
1921
1923
192S
Sept. 1, 1941
Sept. 1, 1941
the stockfrom $115,000,000 to $150,000,000 $16,912,900 of the new
stock being subscribed for by stockholders pro rata at $125 per
share. V. 74, p 151. A portion of the proceeds will be used for the
substitution of electricity for steam on New York suburban division
and New York terminal improvements, estimated to cost $20,000,000,
to be complete ab >ut 190«. (V. 76, p. 266. 331, 1085, 1408; V. 77, p.
350, 2159; V 78, p. 2442; V. 79, p. 2148, 25*8, 2796.)
In 1902 03 control of the Reading Co. was acquired by Bait. & Ohio
(Pennsylvania interests) and Lake Shore. V. 76, p. 101; V. 78. p. 48.
In 1&04-5 »n Interest in Syraouse Rapid Transit Co and other eleotrioroads was acquired. V. 79, p.27o. ''34; V. -0. p. 652, 1240; V.81 p 508.
As to contract of 1903 with Pennsylvania Coal & Coke o. for at
least ,000,000 tons annually, see V. 77 p. 2098; V. 79. p. 1335, 1435.
As to concentration of management of Eastern lines, see V. 80. p.600.
Latest Earnings.—For 9 mos. ending Sept. 30 (partly estimated):
Olh inc.
Net.
Vftages. Bal./ordiv.
Or oss.
9 mos.
$
$
$
$
$
5
190 (est). 62,471, 100 18,401,400 4,595,200 16,647,200 6,349 400
1904 (aot.). 57,488,231 16,428.814 4,839 301 15.704.3P5 5,563 730
Dividends of 3is p. 0. for the 9 mos. called for $4.9*9,300.
Annual Report.— Fiscal year has been ohanged to end Dec. 31.
Report for six months endlnR Deo. 31, 1904, was ^iven at length in V.
80, p. 1240. See also editorial p. 1204.
Years end. Dec. 31.
,—Six mos. ending Dec 31.—n
1904.
1903.
1904.
1903.
3,4^2
Miles June 30....
3,515
$41,209,419 $78,579,300 $79,P09,415
Gross earnings. $42,100,406
1
<
1
—
—
,
.
Netearnings
$13,056,512
Other income.... 3,1*1,228
$12,527,849 $22,530,500 $23,803,921
2,698,473
6,344,500
5,266,311
Net income. $16,217,740
$15,226,322 $28,875,000 $29,070,232
$4,733,6551
3,530 048
412,074 £ 21,039,900 20,463,111
1,34 4,000,
123,412 J
150,000
300.000
300,000
(2^)3,306,250(5)6,612,500 (5)6,612,500
Deduct- Ken tals. $4,746,844
Int. on debt....
Taxes onstook.
4,016,878
Implement l'nd
1500,000
380.150
Do. real estate.
1,509,114
Miscellaneous..
342.748
Res'd for deb's.
150,000
Dividends. ..(2»«)3,306,2ft0
Balance
$265,757
|
(!)
$922,600 $1,694,621
$1,626,881
M
Pre8., Wm. H. Newman; Chairman, Chauncey
Depew; Treas., E. L.
Rossiter; Sec, Dwight W. Pardee Directors (Feb., 1905); W. K. Vanderbilt, F.
Vanderbilt, C. M. Depew, S. F. Barger, J. Pierpont Mor-
W
gan, William Rockeieller, Hamilton McK. rwombl.v, William H. Newman, Charles C. Clarke, D. O. Mills, Geo. F. Baker, George S. Bowdoln
and Jas. Stillman.— (V. 81, p. 508, 727.)
'Mew York Chicago * Si. Lou 1m
( See Map of New York Central <£ Hudson Rveer.) Owns from Buffalo, N. Y., to Illinois State Line,
except 8 miles leased between Dunkirk and Silver Creek, leaving 494
miles leases the proprietary line, Chicago & State Line RR.. 111., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek,
8 miles; total. 512 miles; trackage in Buffalo, N. Y., 1^ miles, and
Grand Crossing Chicago, 111. (Lake Shore RR.). 9 miles.
history.— "Nickel Plate" road, foreclosed and reorganized In 1887.
—
KB,-
;
Stocr.— Lake Shore & Michigan Southern owns $6,240,000
$6,275,000 2d preferred and $2,503,000 1st preferred stook.
Dividends.— ) '93.
1st pf. in Mar.
>34
'94. '95. '96. '97. '98. '99.
5%0 2%0
'00.
'01.
common
'02 to '05
5
5 yearly
2d pref.
2
3 yearly
)
Bonds.—A sinking fund of $100,000 per year is provided when net
earnings are $900,000 or upwards, if bonds can be bought at or below
102; if not, the sinking fund lapses for that year, thus leaving $100,000
more for dividends. The issue of bonds, $20,000,000, has been reduced
by sinking fund. See mortgage abstract, V. 45, p. 541.
Earnings —For 6 mos. ending June 30:
Gross.
Net.
Oth inc.
6 mos
Charges
B"l., sur.
1905
$4,342 909
$796,561
$13,129
$597 458
$212,232
1904
4,337,237
925,810
22.664
632 669
315,805
Report.— Report for 1904 was In V. 80, p. 1853. Principally a
freight line, freight In 1904 contributing $7,152,631 out of $8,645,374.
Year ending Dec. 31—
1904
1903
1902.
Gross earnings
$8,645,374 $8,448,320 $7,138,899
Operating expenses
6,42^,123
6,295,470
5,034,253
58f»,000
Additions and betterments
645,572
674,4^7
Netearnings
$1,548,764 $1,507 277 $1,519,645
Other lnoome
35.156
50.709
40,125
Net, including other Income
$1,583,920 $1,557,986 $l,ft5»,770
Interest on bonds
777,000
777,000
777,000
Equipment trust charges
172,460
176,738
185,649
Dividend on 1st pref
(5)2*0.000 (5)250,000 (5)250,000
Dividend on 2d pref
(3)330.000 (3)330,000 (3)330,000
Miscellaneous
1*,544
Balance.surplus
$24.f48
$38,917
$17,121
Pres., Wm. H. Oanniff.— (V. 78, p. 1779: V. 80, p. 219, 223, 1853.)
New York & Greenwood Lake Ry —(See Map of Erie RR.) —
Owns from Jersey City, N. J., to Greenwood Lake. 39 miles, and
branches to Ringwood, etc., 8 miles; Watchung Ry., Forest HU1 to
Orange, N. J., 4 m.; total owned, 51 m. Stook, $100,000; par, $50.
5
m
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
6
.
RAILWAY STOCKS AND BUNDS.
Oct., 1905. j
103
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
For explanation of column headings, Ac, see notes of
Par Outstanding Rate per When
of
Payable
on first page of tables.
Cent.
Road. Bonds Value.
Deb (for Cent. N.E.A W.),$5,P00.000,g.,non-con.
Deben <f.>r F. H & W.). $10.000,0u0 auiborized.
Debentures
(fur N. Y. O.
A W)
convertible in 5 yra (oonpon).
Boa., gen. M. (now lst),g..ass'dc&r
Line 1st M. N. Hay. to N. London, assumed
N. Y. Prov.
&
Shore
Housatonio old consolidated mort. (assumed)...
New oonsol. M. ($3,000,000) g. (assumed) F c*
N. Kng oon.mow ist) M.. $7,500,000. 5s .g.Ma.c*
N.Y.AN.E. Bos.Term.lstM., $1,500,000.
.oAr
H. R. & Por 2d (now 1st) gu. (V. 56, p. 813).F.0Ar
Har. Riv. & Port. 1 st. M.,g., $15.000,01 0.Uso'Ar
New Haven Steamb. M., g., ass'd, call aft. 1904..
N. Y. N. H. A H. RR. coup, notes (V. 81, p. 1039).
Boniih or Proprietary, etc., Lines
Boston N Y. Air Line new M., $500,000, see text
,
.
AH
Whom.
tttoc Its— Last.
Dividend.
$100 $80,000,000 81nl9€4 Q.-Mjo New Haven.Co.'s Office. Sep 30. '05 ,2%
A. & O. N. Y., Lincoln Nat. Bk. Apr. 1. 1908
4
1893 100 Ac.
185,300
'97'01
New York.
Mob. 1, 1947
10,000,000 3>jA4 M. A 8.
Feb. 1, 1914
1904
5,000,000
4 g. P. & A.
3ifl
A. & O.
Apr. 1. 1954
1904 500 Ac. 10,000,000
lf>,00O,OOO
4
July 1. 1955
1905
J. A J.
York y#u> Haven <C Hart.— Stock. See text
Debentures, mostly exchanged for stock 1903 o*
Deben. ($5,000,000 are 4s), non-oonvert
o&r
Jfev»
New dn ben tures
Where Payable, and by
Hand,*- -iruioi-
pal.When Due
3^
See text.
62
49
90
90
359
"l2
12
1892
1,000
1,000,000
4 g.
1880 1,0 00 Ac
4*9
200.000
1880 500 &c.
100,000
4
1887
5 ft.
1,000
2.839.000
1895
1,000 17.500,000 4g. & 5g
1889
1,000
1,500.000
4
1881
1.000
4
635,000
1904 1.000&0
7,865,000
i g
225.0O0
1899 500 Ac
5 g.
-
A.
M.
A.
M.
J.
A.
J.
M.
A.
New York.
Apr.
A O.
& 8 N. H., Nat. N. H. Bank. Moh.
Apr.
A O. New Haven, Conn.
A N. N. Y., Farm. L. & Tr. Co. Nov.
A J. Boston, 8. Dep. A Tr Oo. July
A O Coup. ,ofttee;reg. .mailed Apr.
A D. N.Y.,Chemioal Nat. Bk. June
May
New York.
A N.
A O. N. Y., Llnooln Nat. Bk. .fun*
1,
1.
1.
1.
1,
1,
1
1942
1910
1910
1937
1945
1939
1911
1954
1919
Ap. '06-Ap.»07
Various
12,100,000
1,
1,
:
o'«ftr
Naugatuck 1st mort., g., guar. p. & 1....
Debentures
Danbury A Norwalk oon. M. ($100,000 are 6s). o*
Genl. M.. Danbury, Conn., to Wilson Point, &o.o*
New Haven A Derby consol. mortgage
c*
61
1905
1904 l.OOOAo
1902
1880
1,000
1883
100
1888
1,000
1892
1,000
1879
1,000
1881
1,000
1891
1,000
Text.
2,500,000
234.000
*
g.
3*
tt.
A.
&
A
N.
O.
New Haven, Conn.
New Haven, ct., Treas.
New Haven, Conn.
May
1,
Oct.
1,
1954
1930
1920
1925
1918
1922
1909
1911
1911
1,
A J.
Apr. 1,
do
& O.
do
May 1.
A N. New Haven. Conn
Providence
Sprlngtieid 1st M., gold
o*
5g. J. A J. Prov.,R.t., Hospital Tr. July 1,
n.h.a No., con. s. f. $15,000 p. yr.,notdrn.©n.c*
Apr. 1,
do
A O.
do
6
Northern Extension bonds
Apr. 1,
o*
A. A O.
do
5
do
Holyoke A W., leased, mtge. $200,000, guar..o*
Apr. 1,
A. & O.
do
do
4
New England and Old Colony—See those oos.
Providence & Worcester 1st mortgage, currency
51 1897
1,000
A. A O. Prov.,R. I. Hosp. AT.Cb Oct. 1. 1947
1,500,000
4
N.Y. 0.<t JT.— Common stook
J'lySl/Qi.lJ*
100 58.117,982 See text. See text
Refunding (lot) M $20,000,000, gold.Me...o*4r Text. 1892 l.OOOAc 20.000.000
4 g. M. A 8. N. Y. Office,56 Beaver. June 1. 1993
lj. A D.
Gen mort., $1 2,000,000, g., red. 1
(see text) W
IP 05
June 1, 1955
1,000
See text.
4 g
New York.
Erie RR. for 999 years from
Lease.— On May 1, 1896,was leased to the
ther seoured by a mortgage on the Harlem & Prrtchester RR., 12
.*
36
36
13
28
98
28
10
500,000
150,000
575,000
750,000
1,200,000
700,000
200,000
5
A
O
July
M.
.
1
May
.
Prior lien bonds are guaranteedjjprinoipal and interest,
p. 513; form of guaranty V. 65, p. 463.
York &, Harlem
Owns New York City to Chatham
N. Y., 136 miles. Also owns Fourth Ave. Street RR.
Lease.— The property (except the horse railroad) was leased April 1,
1873, for 401 years, to the N. Y. Cent. & Hudson River RR. for interest
on bonds and dividends at rate of 8 p. o. yearly, Mnce increased to 10
p. 0. through refunding of bonds, payable Jan. and July.
V. 70,
p. 740, 1049, V. 71, p. 29, 1220; V. 78, p. 2335. The street railway
was leased In July, 1896, to Metropolitan Street Ry. Oo. for 999 yearc;
rental is $4< 0,000 yearly, equal to 4 p. 0. per annum on stock, payable
April and October. V. 62, p. 1088.— (V. 78, p. 2335; V. 80, p. 1424.)
York Jersey
Owns two tunnels under the Hudson
River between N. Y. City (Manhattan Borough) nd Jersey City. The
terminals in New York City will be at West 10th and Hudson streets.
In 1905 fr. nehise wa« granted for extension to 33d St and <th Ave.
and 9th St. and 2d A<e., V. 78, p. 1110; V. 80. p. 117, 65 .1112 Will
be operated by electricity, with trains of the New York Subway type.
V. 76, p. 436; V. 75. p. 77. 1354.
In Jan., 1905, the Hudson Companies acquired control of the company and also of the Hudson
Manhattan RR., to tunnel from Jersey
City to Cortlandt St., and will finance their completion. V. 80, p. 163.
Incorporated in New York on Feb. 11, 1902, as successor of the Hudson Tunnel Ry., sold in foreclosure per plan V. 73, p. 1313 (see also V.
70, p. 996 and 1149>— V. 74, p. 380. Stook, all Issued, $8,500,000, of
which $3,500,000 is 6 per cent non-cumulative preferred; par of
shares, $ 00. Of the $7,000,000 bonds, $2,500,000 were reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers.— President. Wm. G. McAdoo; Vice-Presidents, Walter G.
Oakman and Mmund C. Converse secretary, has. W. King. Office,
15 Wall St., N. Y-(V. 80, p. 117, 163,651,1112.)
by
1,
1896.
See V. 63,
Erie.
RR.—
New
New
&
RR.—
&
miles, subject to the lien of the $1,000,000 of 4s due k9 11, for which
a like amount is reserved. The proceeds will be used for six-tracking
and improvements on the Harlem Division. The Naugatuck RR 4sof
1904 are guaranteed, p.
V. 78. p. 1447. 1549: V. 79, p 903, 1263.
In 1904 $5,000 OOO 4 p. o. debentures were sold to purchase control
of the Central New England Ry. and $10,000,000 of 3 1* p c d«hentures were authorized to acquire the stook ($5,000,000) of the Fair
Haven & Westville (Electric) RR„ 116 miles, on the basis of $200 in
debentures for $100 F-tlr Haven stock. V. 7*, p. 702, 7K8, 989, 1168,
1223,2335; V. 79. p 1263. In June. 1905, $15,0 0,00 4 p. o. debentures were sold to pay for control of N. Y Oot & w. V. f-0 p. 2458.
Under
first 7s due July 1, 1907.
There are $25,000 Colchester
lease, "assumed" the debt of Old Colony. Loans and bills payable
June 30, 1905, $21,1 >0.o00, including $12,100,000 coupon notes
Stockholders of reoord Deo 1, 1905 are otiered the right to subscribe pro rata at par. payable 25 p. 0. each Jan. 1. I90*i. Oct 1. 1906,
July I. n 907 and Apr 1, 1908. <>r optionally in full on any of said daies,
for $30,000,000 of 3^ p c, coupon debenture certlficac s. convertible
at a par of « 150 for -100 stock five years from date of icsue, the proceeds to be used for improvements authorized and contemplated and
the purchase of outstanding securities of controlled roads, v. 81, p.
976, 1039.
The Boston & N. Y. Air Line stockholders will vote. Nov. 13, 1905,
&L
RR
on making a mortgage to seoare $5.0J0,000 bonds.
Leased Line Stouks.—The stocks of the leased lines unexchanged
an June 30, 1904, or later, and the dividends payable thereon are shown
below, the shares being all $100 each. The leases are for 99 years.
1
;
<
New fork Lackawanna & Western Ry.—Bingham ton to Buf-
and Intemat'l Bridge and branches, 214 miles, of whioh the main
line, 213 miles, is double track; Delaware L. A W. has a lease for duration of oharter from October, 1882, giving a guaranty of the bonds and
5 per oent yearly on the stock. See form of guaranty of terminal bonds
falo
In V. 67, p. 1357; see also V. 68, p. 283.
New York Lake Erie & Western RR.—See Erie RR. Co.
New York New Haven & Hartford RR.—Covers Southern
New England and the only direct routes between New York and Boston.
litnes
Owned in Fee—
Leased (part Owned.)
Miles.
Old Colony RR. (whioh see).. 61
Sprlngtieid, Mass
122] Lines Leaned—
Bo-ton, Mass., to Hopewell
Providence & Worcester
48
1"
Jet, N.i
214 Norw & Worcester (which see) 72
Lines to Providence, Pittsfleld,
Other lines
101
Litchfield, etc
.566 Trackage to N. Y. City, etc.... 42
Leased and Controlled—
Lines to Turner's Falls, eto
264
Cent New Eng (part oper'dl. 43
Total oper. Oct., 1905 (90 miles has four and 702 two tracks) .. 2,088
In Oct., 1905, the New England, the New Haven & Derby, the Danbury A Norwalk, the Providence & Springfield, and other controlled
roads, were about to be merged. V £1, p. 976. 1242.
In Oct., 1904, $29, 160,000 of the $58,11 ,982 N. Y. Ontario & West,
common stock was acquired at $45 per *100 share and $2,200 of the
$4,000 preferred, giving the company access to anthracite ooal mines,
eto. V. 79 p. 2086, 2f 42; V. 80, l» 1363.
Earlv in 1904 acquired a majority of the Cent. New England Ry.stock
and income bonds and control of stock of Fair Haven A Westville
Electric RR. 116 mUes. V. 78, p. 702,768. 989,1168; V. 79, p. 2742.
In July, 1905. the Newburgh Dutchess & Coin RR. was acquired
and is operated as part of the Central New England Ry lines. V. 81,
p 265. 1039
Owns entire stock of New England Navigation Co. and Old Colony
Steamboat Co. V. 79, p. 2748. European connections, see V. 75. p.
794.981. Providenoe Terminal Co., V. 78, p. 1110.
In 1904 5 consolidation of various controlled electric railways in Connecticut and Massachusetts, viz
Fair Haven A Westville, Worcester
& Conn. Eastern, Meriden Electric, etc. aggiegating about 577 miles
rH uk. was ette<ted a8 Consolidated Railways, whose stock
°fJ
($10,
000.000) is all owned. See also V. 79, p. 270, 1263, 1332, 1462. 2748:
V. 80, p. 117,2^3, 1112,1363; V. 81, p. 156, 778, 1174. See STKEtT
Miles.
I
Junction near N. Y. City to
I
I
|
|
:
Railway Section.
As to six tracking Harlem River branch and
rapid transit from New
Rochelleto N. Y City, see V. 79 p 903, 1263,2436; V. 80, p. 8 72.
In Jan., 1905, A. J. Cassatt, President Pennsylvania RR. became a
director.
V. 80, p. 117.
A
AL Stock. -8tock authorized, $100,000,000. In 1903 $16,o,°, £H.
21 9
a
ued ln exchange, $ for $, for convertible debentures
i' i ?^?; o^
and $6,753.. 00 at $175 per share to pay maturing bonds Under
)
Connecticut charter of 1844, when dividends iu ei cess of 8 per cent
are paid in ai y one year an amount equal to such excess, it is understood mu6t be paid to that State.
Dividends.-) 1873-1893.
1894.
1895 to Sept.. '05, (lnol.)
Per oent. { 10 yearly.
9
8 (2 per cent quar.)
Bonds. -The $7,500,000 fifty-year 4s whioh have been eold dated
Jnne 1, 1904. are a direct obligation of the N. Y. N. H. A H. and fur-
XJnexch..
Dwid'd. teriod.
Total issue.
.$1,078,700 V. 79, p. 2748 6 p. 0. Q.-J.
4 p. o. A. A O.
2,998,500 $1,296,375
147,100 Pays no divid'd.
do
common.. 898,500
do
Saugatuok
1.006,400 10 p.
2,000,000
J A J.
Old Colony
16,608,900 11,040.400
7
Q.-J.
Pawtuxet Valley (par, $ (I))... 100,900
100,900
7 p. 3. J. A J.
Annttal Report.— Annual meeting held 3rd Wednesday in Oct. Report 1904-5 in V. 81, p. 1039.
Tr. end. June 30.
1905
1904
1903.
1902.
Miles operated..
2,088
2,037
2.038
2,031
Passenger earns. $24,1 46,454 $23,425,173 $22,953,017 $21,223,631
Freight earns... 25,341.855
24,413,541
23,926,150
21,871,642
Miscellaneous...
493,638
444,195
416.910
425,814
$49,981.M47 $48,282,909 $47,296,077 $43,521,087
Gross earn..
Net earnings. ...$14, 148.924 $13,123,698 $12,341,o54 $12,247,213
1,223.452
565.818
613.060
Other income....
906,436
Tot. net ino'me $15,372,376 $14,030,134 $12,90b,»72 $12,>-60,273
Int. on bonds... $1,432,473
$1,137,052
$779,667
$1,305,838
Other Interest ..
435.385
279,993
52,912
486
Rentals
4,136,843
4,420.283
4,504,546
4,464,711
Taxes
2,659,624
2,455,434
2,385.389
2.410,380
Dividends
(8)6.006,448 ( 8)4,618,438 ( 8)4.296.568
( 8)6.400.000
Balance
sur.$30«,051 sur.$88,309 sux.$208,534 sur.$o82,290
Officers.— President, Chas. S. Mellen, New Haven; Secretary, John
G. Parker; Treasurer, Augustus S. May, New Haven, Conn.
Directors.— William thinner, Holyoke, Mass.; Jas. S. Elton. Waterbury. Conn.
Chas S Mellen. New Haven. Conn. J. Pierpont Morgan, WMIiam P .ckefeller,
H. McK. Twombly, George McC. Miller, Richard A. McCurdy, New York; D.
Newton Barney. Hartford. Conn.; Charles F. Choate and Nathaniel Thayer,
Stocks—
Berkshire (V. 80, p. 221 9)
B. & N. Y. Air Line pref
i
;
Boston; Kooeri W. Taft, Providence; C. F. Brooker, ADsonia, Conn.; 1. De V.
Warner. Bridgeport; \. J. Cassatt, IPbiladelphia, Pa,; Arthur I). Osfcorne,
Geo. J. Brusn, Percy R. Todd, New Haven: Frank W. Cheney. Sonth Manchester: Edwin Milner Mousup, Conn.; John H. Whittemore, Naua mick. Conn.
—(V. 81, p. 265, 508, 775.778,841,976, 1039, 1044, 1*42 >
York
Perth Amboy to Bay Head, N.J.
38 miles. Leased ln 1888 for 99 years to Penn. RR. and Cent. RR. of
N. J., which jointly and severally guarantee Interest and 7 per oent on
$2,000,000 stook, all owned by Cen. RR. of N. J.— (V. 72, p. 438.)
New
& LongRranchRR.—
New York Ontario Sc Western Ry.— (See Map.;— Operates
from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Miles.
Road Oontrolled,dic.
Miles.
Oswego to Cornwall, N.Y
272 Pecks port Conn, (leased)
3
Branch to New Berlin
22 Ontario Carb, A S. (leased.)
do
to Delhi
17
Cadosia,N.Y.,toSoranton,Pa. 54
do
Total
to EUenvllle
owned
8
319
Rome A Clinton (leased)
IT 13
Utioa Clinton A Blng. (leased). U31
Wharton Valley (owned)
7
Trackage (till 2079) W. Shore RR.: Ellen ville A Kingston (leased) 27
C'nwalltoWh'ken(V.61,p.425) 53 Port Jervls Mont. A Summltv.
41
(owned and leased
11 See this Co.
Total operated July 1,1905
548
Organization.— Successor ln 1879 of N.Y. A Oswego Mid., foreclosed.
Control. In Oct., 1904, New York New Haven & Hartford RR.
acquired $29,160,000 common stook at $45 per share and $2 200 of the
$4,000 pref. V. 79, p 2 86, 2643; V. 80, p. 1363, 2458: V. 81, p. 1044.
Stock.— Stook is $58,117,982, (par,$100), of which $4,000 is old pref.
Dividends.— Common, Jan., 1905, 3 p. 0.; July, l^. V. 80, p. 2623.
Bonds, Etc.— Refunding mortgage for $20,000,000 00 vers 319 miles
of road owned, all the securities of tbe Ontario Carb. A Scranton Ry.,
104
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
I
:
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
RAILROADS.
Miles
For explanation of column headings, Ac, see notes
on
first
page of
table.
M. on ElkH. C A I. due s-a.o*
Car trusts, ser. A, $57,000 payable soml-ann.Ma
Car trusts, ser. B, $37,000, payable semi-ann .Me
Car trusts, ser. O, $22,000, payable semi an. Me
Car trusts, ser. D, part due semi-annually
New Y»rk dk Ottawa— lm M $2,500,000. g. G
N. Y. Phila. dk Norfolk— mock, $2,500,000
o*
IstM., $3,000,000, gold..FP
g., seo.
by
1st.
Income mort., g., non-oum., reg, ($1,000,000) FP
N. Y. dk Putnam.— K.Y. A No., 1st mortgage, gold.c
N. Y. AP. eon., $6,200,000, g., gn. p.&i. end.Un.o*
N. Y. dk Rock. Kh.—Xst M., $1,000,000, g., gu.Ce.O*
r
2d M. inoome bonds, non-cumulative. Ce
N. Y. Susq. dk Western- Midland RR. 1st M., g.Ce.o*
Paterson Exten. RR. 1st M., real estate, s. f.,g.o*
N. Y. Susquehanna A Western, 1st mortgage
o*
1st mortgage, refunding, gold.Ce
2d mort. ($1,000,000 gold) 3d M. on 72 m.Ce.o*
gold....Ce.o"
General mortgage for $3,000,000,
Terminal 1st mort. for $2,000,000, gold..Us.o*&r
Allied companies
Wilkesb. & East'n, 1st M., gold, guar. p. & L«. .o*
8usq. Conneot. RR. 1st M. g.,red. at 105, gu.Mp.o
Passalo & N. Y., 1st mort., (999 years, rental)...
Maoopin RR., 1st mort. (br'ch to Maoopin Lake)
N. Y. 8. A W. Coal Co., 1st M. red. at 110, s. f...o«
N. Y. A Wilkesbarre Coal Co. 1st mortgage.... N
123
iia
112
57
57
12
12
72
1
i.27
127
127
65
10
3
2
1892
1897
1885
1896
1887
1893
—
after aoquired property.
all
100
for $12,000,000 to
,
New York A Ottawa Ry.—Tupper Lake, N. Y., to Ottawa. Can.»
128 miles. Successor of the M. Y. A Ottawa RR., acquired by the NA
Y. Cent.
Hudson Rlv. R«. at foreclosure sale on Dec. 22, 1904. VStock authorized, $1,250,000. In June.
79, p. 2796; V. 80, p. 223,
1905, a mortgage or $2,5C0 000 was made, of which about $l,t00 000
to pay for the property and remainder for improvements and
additions. V. 80, p. 2458; V. 81. p. 265. Year ending June 30, 1904
(old co.), gross, $233,297— (V. 80, p. 2220, 2458; V. 81 , p. 265.)
j
Del., to
Cape Charles, Va., 95 m., and King's Creek, Md., to Crlsfleld, 17 miles.
Securities.—Stock, $2,000,000, all outstanding, par, $50; represented by negotiable trust certificates issued by Fidelity Insurance
Trust A Safe Deposit Co. of Phila. Of the $3,000,000 1st 4s, $400,000
are reserved for improvements. V. 68, p. 773, 978. As to inoomes,
see V. 68, p. 978. Dividends on stook, 1901, 6 p.c; 1902, 5 p. o.; 1903,
6; 1904, June, 3; Dec, 5, inol. 2 extra; 1905, June, 4.
Earnings.— Year ending Dec 81, 1904, gross, $2,001,784; net,
$580,596; other income, $100; charges. $392,257; dividend (8 p. c),
$160,000; bal., snr., $28,139. -(V. 79, p. 2086; V. 80, p. 872.)
York
Putnam
Owns 155th Street and 8th Ave.
Bf. Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles?
double-track branch to Yonkers, 3 m.; operates 2 m.; total, 59 miles!
History.— Successor to the N. Y. A Northern, sold under foreclosure
of 2d mort. Deo. 28, 1893, and purchased for N. Y. Cent. A Hud rtlver
RR., to which it is leased— see V. 63. p. 754, 820, 1159; V. 81 p. 565.
Decision, V. 74, p. 380; V. 77, p. 2339. Stock, $6,500,000 par, $100.
Bonds.—The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for improvements; also
$1,200,000 to retire at maturity the first 5s.— (V. 77, p. 2239.)
York Rockaway Beacb Ry.— (See Map Long Island RR.)
—Owns from Glendale Junction to Rockaway Park, 10 3l miles, with
branch, 1-43 uiiles; total, 11 74 miles double track, mostly 80-lb.
steel. Stock, $1,000,000; par $100.
Leased in perpetuity in 1903
by Long Island Railroad Co., whose endorsement is printed on first
mortgage bonds. On June 30, 1904, $101,000 firsts owned by L. I.
RR. were on deposit under its unified mortgage, together with $905,333
A
RR.—
,
;
New
&
-
M.
.r.
M.
A.
.).
J.
,T.
M.
A.
A.
M.
A.
J.
J.
J.
F.
F.
M.
A A.
& D.
A 8.
A D
A N.
A O.
& J.
A
A
&
A
A
A
Bonds— .Principal, When Due.
by Stocks— Last
Dividend.
N.Y..N.Y. Trust Co.
do
do
do
do
May 06M'y'08
Ap '06-Ap.'09
Grand Cent.8tat. July 1, 1955
Checks mailed.
June 1,1905,4
J. Phila.. 26 So. 15th St. Jan. 1, 1939
1939
mailed(see text) Jan.
N. Checks
Oot. i: 1927
New York City.
O.
1993
O. N.Y., Gr. Cent. Station. Oct.
8. N.Y., U. 8. M. ATr. Co. Sept. 1; 109''
N. Y.,
D.
A O.
A D.
A J.
A J.
A A.
A A.
A N.
A D.
A S.
A D.
A D
N. Y.,Of .21 Cortlandt St.
do
do
Sept. 1, 1927
Apr. i, laio
June
July
do
do
do
do
do
do
do
do
Aug.
May
Deo.
Dec.
Mch.
Nov.
If
1942
1907
1910
1916
1912
1933
1,
1,
1922
1938
Aug.
6
6
M.
M.
F.
F.
Phila.
Q.-J.
,
1,
1,
1910
1911
1937
1937
1940
1943
1,
1,
1,
It
N. Y. Mero. Trust Co.
Fidel. Trust Co.
J.
J.
do
do
do
do
do
1,
1,
Jan. 1,
Feb. 1.
Jnne
6
5
2,000,000 See text
Feb. 06-Feb.'ll
Morton Trust Co. Deo.'05Dec.'15
N. Y., Manhat. Tr. Co. Mar. 1, 1906
To June, 1907
do
do
N. Y.,
do
do
do
do
do
Nov., '02, n't pd.wh.due
175,000
250,000
7, 1904, to authorize a
provide funds for oapital requirements, under which $2,000,000 may be issued Immediately,
and the remainder will be reserved for future needs. A 3 p. c. dividend (calling for about $1,740,000) was paid on the common stock in
Jan.. 1905. vesting in the shareholders directly the right to elect the
entire board of directors. V. 79, p. 977 to 980. 1332, 1462; V. 80. p. 872.
Early in the calendar year 1899 the coal properties at Scranton,
Pa., of the Lack. Iron A 8teel Co., (the capacity of the collieries
then open being about 700,000 tons per annum) were purchased by
the Soranton Coal Co., aided by loans from the N. Y. O. A W., the latter
issuing its $2,500,000 5 p. o. notes (reduced to $1,475,000 Aug. 1,
1905), extending over a period of years secured by first mortgage on
the ooal property, and loaning $1,475,000 (of which $305,000 has
been repaid) secured by a second mortgage, the O. A W. obtaining contract for entire tonnage. V. 68, p. 41, 429. V. 69, p. 604,646.
Di November, 1900, eight independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hill Coal A Iron Co., the N. Y. O. A W. issuing its $3,500,000 5 per
oent sinking fund first lien gold notes secured by the Coal A Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June 1, 1901. to June 1, 191 1, and thereafter $200,000 semi annually to Deo. 1, 1915. The notes are secured pari passu with the
bonds issued under the general mortgage of 1905. The Elk Hill Co.
also made a second mortgage to the N. Y. O. A W. for $2,400,000 at 5
per cent. V. 71, p. 1270; V. 73, p. 501.
The company's coal tonnage is derived as follows: Scranton and Elk
Hill companies (as above stated) total maximum capaoity, 2,700,000
tons; other companies, 300,000; washerles, 800,000 tons.
Earnings.— For 2 months ending Aug. 31
Charges.
Bal., sur
Oross.
Net.
2 mos.
1905
$135,688
$378,017
$513,705
$1,491,477
115,450
418,746
1904
534,196
1.349,376
Annual Report.—Report for 1904-05 was given in V. 81, p. 972
Ooal traffic in 1904-05, 3.141,260 tons (out of 4,685,350 tons), against
2,890,225 tons in 1903-04.
1903.
Year ending June 30.
1905.
1904.
Gross earnings
$6,652,484
$6,176,518
$7,090,888
5,072,938
4,557,087
Operat'g expenses and taxes. 5,050,748
Balance, net earnings
$1,619,431
$2,040,140
$1,579,546
Tot. net income. inol. "other." $2,491,357
$2,051,194
$2,021,368
Interest on mortgage bonds..
677,480
683,758
766,976
MisoelLlnterest and discount
271,638
280,047
231 ,155
Rentalspald
202,870
211,948
208,968
Dividend, 1*3 p. o
871,765
Balance, surplus
$40^,513
$886,828
$860,971
Pres., Thos. P. Fowler, Directors, Dec, 1904, V. 79, p. 2643.—
(V. 80. p. 2622; V. 81, p. 31, 156, 665, 727, 9T2, 1044.)
New
.r.
1.000
1.0C0
V. 72, p. 87; V. 78, p. 2012;
New York & Pennsylvania Ry.—V. 79, p. 501.
New York Philadelphia & Norfolk RR.—Delmar,
P.
"500
600
1,000
Whom.
Payable
5g. J.
eg. M.
The stockholders voted on November
new mortgage
Cent.
3,000,000
100.000
70,000
44.000
337,000
450,000
1,000
1,000
10-5
INTEREST OR DIVIDENDS.
Rate per When Where payable, and
5g.
1899 $1,000 $1,475,000
5g.
2,825,000
1,000
1900
4!*g.
57,000
1,000
1902
4>2g
148.000
1,000
1902
110,000
5 g.
1903
1,000
5 g.
280,000
1904
1,000
4 g.
1905 1,000*0 See text.
2,000,000 8 in 1904
50
1,000
2,600,000
4g.
1899
4
1,000,000
1899
1,000
1,200,000
5g.
1887
1,000
4,025,000
4g.
1,000
1894
5 K.
984,000
1,000
1887
1,000,000 Up to 5%
1887
1,000
3,500,000
6g.
1880 500 <feo.
250,000
1,000
6g.
1881
5,000
6g.
3,745,000
1,606
5g.
1887
4iag.
447,000
1,000
1887
ftg.
1,000
2,551,000
1890
2,000,000
1893 1,000 Ac
5g.
N.T.Tex. dkMex.— See Galveston Harrisburg A S an An TONIO.
1st M., $650,000, g Me.o* Text. 1902
6 1898
Norfolk <* Portsmouth Belt Line— 1st mort.GP....
Norfolk dk Carolina -See Atlantic Coast Line RR.
223
Norfolk dk Southern—Capital stock
54 miles, and
V. 80, p 651.
Amount
Par Outstanding
Road. Bonds Value
—
Niagarm Junction Ru
Size, or
of
,
,
Date
of
N.Y. O.dkW./Con. >— » notes.secby IstM.Sor.O'lCo.
Do
;
Mch.
Feb.
1,
N. Y., Metrop. Tr. Co. Jan.10/05,
1%
of the inoomes. Year ending Dec 31, 1904, gross, $388,970; net'
$153,799; other income, $5,065; oharges, $58,681; balance, $100,184"
(V. 66, p. 1046; V. 77, p. 2098.)
To build a cut-oft for the Reading Co.
New York Short Line
between Cheltenham and Neshaminy Falls, 9*2 miles, to be completed
in spring of 1906. V. 79, p. 1038. To be four-traoked, 2 tracks to be laid
at present and on two miles three traoks. Stock, $250,000, all owned
by Reading Co. Guar, bonds will likely be issued.- (V. 78, p. 2335.)
Western BK.-IOm Erie Map.)
New York Susquehanna
History.— In 1898 the stook was mostly exohanged for stook of the
Erie RR., which operates the line independently. V. 66, p. 53, 83, 759.
10
Owned (infee) or entire 81k. Miles. Susq. Connecting RR
25
Jersey City to Gravel PL, Pa.. 101 Other branohes
Miles.
Lines leased, etc.
[Double track 19 miles.]
TwoBridges,N.J.,toUnlonville 21 Mlddletown Un. A Water Gapfl 14
2
65 Trackage
Wilkesbarre A Eastern
.
238
Total road operated (Usee this co.) June 30, 1904
Stock.— Pref., $13,000,000; com., $13,000,000, of whioh the Erie
owned Jnne 30, 1905, $12,378,900 common and $12,892,400 preferred,
of which $6,630,000 common and $6,630,000 preferred are deposited
under its Pennsylvania collateral trust mortgage. Dividends on preferred, Nov., 1891, to 1892, 2ifl p. c yearly, None since.
Bonds.— General mortgage 5s, bonds are reserved to retire the
second mortgage 4^s. See mortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment of an assessment.
As to terminal bonds listed in Sept., 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The Wilkesbarre dk Eastern
1st 5s are unconditionally guaranteed. V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each MAS.
Gross, $442,514; net, $135,162
Earnings— 2 mos., > 1905
Gross, 391,771; net,
118,858
July 1 to Aug. 31. U904
Report- For 1903-04 in V, 79, p, 1953, showed on 238 miles.
Year.
Oth. Inc. Oharges. Bal., Sur.
Gross.
Net.
1904-05
$92,515
$2,743,135
$962,843 $40,166 $910,494
1903-04
942,928
1,109,812
49,903
216,787
2.659,790
-<V. 79, p. 681,1642, 1953; V. 80, p. 712; V. 81, p. 1175.)
—
RR.—
A
&
New York Texas Mexican Ry.—In 1905 consolidated with
Galveston Harrisburg A San Antonio Ry., which see.
in year ending June 30, 1901, gross, $454,826; net, $87,908; defloit
under charges, $113,019.— (V. 78, p. 288, 702; V. 81, p. 212.)
Niagara Junction Ry.—A terminal and switohing road extending from Niagara Falls, N. Y., to Pletoher's Corners, N. Y 5*15 miles
factory sidings, 8*74 miles. Stock, $160,000 common and $140,000eight per cent cumulative preferred; all of the common and nearly all
tie preferred beingowned by the Niagara Falls Power Co. No bonds
in excess of $500,000 oan be issued without the oonsent of the entire
stook. Year ending June 30, 1905, gross $46,571; net, $25,536; interest, taxes, etc., $12,029 bal., sur., $13,507. President, D O. Mills ;
2d V.-P. and Treas., Wm. B. Rankine; Secretary, F.L. Lovelaoe. Of,
;
floe,
15 Broad
A
New York.
Portsmouth Relt Line
St.,
1111.- Owns Port Norfolk
Stock ,$49,600, in $100 shares. Bonds see
table. Year ending Deo. 31, 1904, gross, $100,489; net, $41,027; int.
on bonds, $12,500; other int., $31; taxes. $1,697; bal., sur., $96,799.
Owns Norfolk, Va., toEdenton. N. C,
Norfolk Southern
76 miles; (ferry across Albemarle Sound to Maokey's Ferry, 9 miles ;)
thence road to Belhaven, 30 miles; Norfolk to Virginia Beaoh. 19
m.; Clapham Jot. to Mnnden's Point 22 m.; Providence to Clapham
Jet., 8 m.; Washington to Plymouth, N.C., 33 miles; total June 30, 1904,
187 miles. On Deo. 12, 1904, the Chesapeake Transit (electric railway) ompany, extending from Norfolk to Lynn Haven Inlet and
Virginia Beach, via Cape Henry, 24 miles, was aoquired; a connecting line from Mackey's Ferry to Plymouth, 10 m., was completed late
in 1904; 45 miles is equipped electrioally. V. 78, p. 1549, 2599; V. 79,
p. 1462, 1705.
In 1905 new interests, including parties Identified with the Atlantic
A North Carolina, acquired control. V. 81, p. 1175.
Dividends.—July, 1892. to Jan., 1905, incl., at 4 p. c per annum;
in July, 1901, and Apr., 1904, 1 p. c extra was paid; none since.
Bonds.— Of the consol. 5s of 1904 ($10,000,000 authorized issue)>
$2,430,000 has been sold to pay for the property of the Transit Co.»
the electrification of the Virginia Beach branch, the purchase and
broad-gauging of the Washington A Plymouth branch, $1,970,000 is
reserved to take up the outstanding $1,655,000 bonds and $315,000
treasury binds of 1891 (the latter to be surrendered Jan. 1. 1906), the
remaining $5,600 000 bonds being reserved for future construction,
equipment and improvements. V. 79, p. 2697; V. 80 p 473. Loans
and bills p.yaMe June 30, 1905, $610,000; oar trusts. $38,708.
Report for 1904-05, including water lines, showed:
Year— Gross (RR.)
Other Inc. Inl.<£ tax. Bal.tordiv.
Net.
1904-5 ....$1,002,158
def $17,1 00
$177,788
$8,730 $169,418
1903-4
sr.i 62,699
111, 2'
941,442
265,311
8,629
Dividends pa'd: In 1904-5, 4 p. c.^ $80,000; in 19(3-4, 3 p. c .$60,"
000 President. Marsden J. Perry; Treas., C. W. Van Voorhis, 17 Nas"
sau St N. Y.; Seo'y, A. H. Larkin, 54 Wall St, N. Y.— (V. 80, p. 1112,
2345, 2622; V. 81, p. 1175.)
Norfolk
to Berkley, Va., 6 miles.
A
I
,
RR.—
106
RAILWAY STOCKS AND BONDS
[Vol. lxxxi.
J
Oct.,
G
..
.
.
)
RAILWAY STOCKS AND BONDS
l»J05.
RAILROADS,
Miles
Date
Size, or
Amount
Par Outstanding
of
of
For explanation of column headings, &o., see notes
Road. Bonds Value.
on first page of tables.
223
Norf. A Son. (Oon.)—l*% M $1,970,000. g.TOp.o*
1st general mort, $10,000,000. g., red. at 115.
Norfolk A West. Ry.— Com. stook, $66,000,000
Adjustment pref 4
non-oum. $23,000,000. «i
N.&W.Gen. (now 1st) M.Norf.toBris..eto.>{.FPo* 428
New River division 1st mortgage, gold.FP.o* 193
588
o*
Improvement & Extension Mort., gold
129
Scioto Valley & New Eng.,lstM.,assum.,g.Ce.c*
N. AWlstconsol. M. $62,500,000, g.Me...o*&r 1.608
1,804
Dlv. 1st lien & gen.M.(text)g„ red.105, beg.'29.
Pooahjt. M.,$20,000,000, g., oalll05,s.f.GP o*£r ....
4
Col. Con. & Term.let M., g., gu.p.A l.(end.)I»Ip c*
..
Equip, trusts, g., $500,000 y'rly, beg. 1905. F P o*
do
Series A, gold, due $100,000 y'rly
do
Series B, gold due $100,000 yrly.
. . ..
Series <\g.,gu. p.&l ,due$20",0O0y'lv
d»
..Worrist. A Main L.Oon.— lstM.,g.,gu.p.<fci.end.GP
223
North Carolina— Stock, 7 per oent rental
auth.
86
No. Penn. Stk., 8 p. o. gu.990 yrs., $6,000,000
56
0)4 2d M., now 1st M.( 7s extended In 1896). ...c
o&r
86
uen'l mort., extended In gold In 1903
....
Funding loan bonds, $109,000
Real estate morts. and ground rents Ju ne, 1 904 .
"26
No. East Penn— 1st M., g., gu.P.&R. (end.) Gn "o*
107
North'n Ala.— 1st
($350,000 are prior lien). K.o
83
Northern, (N. R.)— Stock, 6 p. o. rental
a . .
Northern Central— Stock ($20,000,000 authorized)
145
1st mort., State of Maryland loan— V. 74, p. 1 197
145
Consol. general mortgage of 1874, gold, ser. E. o
Y & "B" (A $2,565,000)
145
2d gen. M., series "A'
Xorth'n of New Jersey— Stock, guar, (see V.69,p.81
...
.
.
G
%
FP
.
G
.
FP
FP
—
.
M
$1,655,000
2,790,000
100 64,469,200
100 22.991,100
7,283,000
1881
1,000
1882
1,000
2,000,000
1883
1,000
5,000,000
5,000,000
1889
1,000
1896 500 <fto. 40,400.500
19<>4 1000&C.
8.000.000
1901
1,000 19,986,000
1892
500
600,000
1902
3,000.000
1,000
1903
900.000
900.000
1903
1905
2,000,000
1,000
1902
250,000
1,000
4,000.000
100
50
--»
5,100,000
1866 500 &o.
1,500,000
1873
4,500,000
391,000
1898
18,878
1890
i,6oo
400,000
1896
1.000
1.650,000
100
3.068,400
50 17,193,425
1855
1,500,000
1885
1,000
1,757,000
76&82 1,000
3,565,000
100
1,000,000
21 1887 100 &o.
654,000
1.000
1900
154,000
1891
1904
$1,000
1,000
•
FP
c
3d mortgage, now 1st, Interest guar
Gen. M., $1,000,000, g.. Int. gu. by lease. (Ism e~
&. Western Ry.— See .Map.— System extends from Nor
westward to Columbus, Ohio, and northward to Hagerstown.
Md., with branohes to the various coal fields In Virginia and West Va
Norfolk
folk, Va.,
Miles.
Road, owned.
Norfolk, Va, to Columbus, O...704
Radford, Va.,to Bristol, Tenn. Ill
Roanoke
to
Winston
Miles
121
Sundry branches
Columbus terminal
Roanoke, Va., to Hagerstown. 238
Graham to Norton
100
Nor. Car. Juno, to Fries.. ...... 44
Total ownedJune 30, 1905.
Lynohburg to Durham, N. C... 115
Portsmouth Jet. to CincinDoubletraok
290
4
1
833
166
and Ivorydale
.106
Organization— Successor in 1896 of Norfolk & Western RR., etc.,
foreclosed per plan. In V. 62, p. 641. In 1900-01 Penn. RR. and
subsidiary companies acquired oontrol, through purchase, of over
$32,000 000 of the stock. See V. 74, p. 503; also V 70, p. 687, 1150,
nati
1195; V 71, p 809; V. 72, p. 184, 480; V. 73, p. 957; V 78, p. 1270.
Branches buildin* June 30, 1905. see V. 81, p. 913 In 1904 Columbus
Terminal & Transfer Co. was acquired. V. 75, p. 1202; V. 79, p. 974.
Stock.— Provisions of pref. stock were given in Su- of April, 1897,
page 4, said stock being 4 p. o. non-oum. with preference as to assets.
Dividends, p. o. ) 1897. 1898. 1899. 1900. 1901. '02 '03. '04.
'05.
Preferred..... >
1
3
4
4
4
Common
2
)
2^ 3 3 June, 1^
In. 1902, on com., June, 1 p. c; since to June, 1905, l 1* p. e. semi-an.
.
4444
Bonds.—The first consolidated mortgage of 1896 is limited to $62,500,000, the balance unissued being reserved to retire the underlying
bonds. The right to Issue prior lien bonds has been annulled. V. 73,
p. 502; V. 74, p. 151; V. 75, p, 505; V. 77, p 1785; V. 78, p. 229.
The 4 per cent first consols are a first mortgage on a large
part of the system, viz., about 869 miles of railroad; upon Important terminals at Norfolk and Lamberts Point; upon the Ohio
River Bridge and the Roanoke Machine Works besides being a
consolidated mortgage upon 739 miles of
the system, sub
leot to the undisturbed liens.
They are further secured by the
9quipment (costovei $11,000,000), covered by the car trusts and equipment bonds taken up under plan. See abstract, V. 64, p. 376. V.72,
p. 137,438,532.723,1080; V. 75. p. 505; V. 79. p. 213; V. 81, p. 212
The N. W.-Pocahontas joint bonds are secured by about 295,000
acres of coal lands owned and held by the Pocahontas Coal &Coke Co.,
whose stock Is owned, of which about 50,000 aores have been leased to
companies whose stock is all owned by the United States Steel Corporation and 39,7»7 to other concerns, the royalties under such leases
alone being shortly expected to be sufficient to almost meet the fixed
charges. They are subject to call at 105, beginning 1906, for a sinking
fund of 2ifl cents per ton mined. V. 73, p. 845, 902; V. 74, p. 41, 380,
1197; V. 75, p 502. These bonds are the joint and several obligations of the Railway Company and of the Coal & Coke Co.
Divisional isi lien and general mortgage «» of 1904 ($35,000,000*
authorized
for future
capital requirements
are a first lien
on extensions and branches not covered by the first consolidated mortg-ge aggregating 196 miles, and upon suoh extensions and branches as may be acquired from the prooeeds of
the new bonds, and also a lien subject thereto upon the properties
covered thereby. Of the $10,000,000 bonds Issuable at once, $8,000,;
&
000 has been sold for improvements and new equipment.
V. 78, p.
1549; V. 79. p. 501, 628,973, 1642, 1704, 2148; V. 80, p. 1175.
Equipment trusts of 1902, V. 74, p. 681; V. 75, p. 502; of 1904,
V. 78, p. 1907. In April, 19o5, Ser. "C" car trusts for $<J,000,' 00 were
sold. V. 8o, p. 1857. Description of funded debt, see V. 75, p. 504.
General Finances.— Of the traffic in 1904-1905 64 p. o. (10,112,083
tons) was bituminous coal and coke; av. rate per ton per mile. 0-474
cents; train load, 531 tous. As to new 4s of 1904, see Bonds above.
Earnings -For 2 months ending Aug. 31:
Gross.
Net.
Int., taxes, dkc.
Bal.,sur.
1905
$4,521,750 $1,712,06*?
$672.41?
$1,039,653
1904
3,761,934
1,540,553
586,460
954,093
for 1904-05, V. 81, p. 896, 912 (see ed. p. 873):
1905.
1904.
1903.
1902.
Tears end. June 30—
$
$
$
$
Miles June 30
1,833
1,769
1,722
1,685
Passenger earnings
3,158,773 3,150,859 2,841,491 2,379,476
Freight earnings
20,249,399 18,894.941 17,676,349 14,594,281
Mail, express, Ac
681,088
64J.836
673,175
578,449
Total gross earnings. 24,089,260 22,718,977 21,160,675 17,552,206
Operating exp. & taxes .15,285,434 14,344,730 12,697,430 10,136,227
Total net earnings. . 8,803,826 8,374,'; 4? 8,463,245 7,415,979
Total net income
9,014,399 8,521,479 8.611.504 7,490,873
Interest on funded debt 2,862,933 2,603,510 2,435,690 2,352,402
Interest on car trusts .
226,667
156.889
625
5,375
Def. int.Poo.C.& C. bonds
216,000
1 59.176
295,595
161,230
Dividends on pref
(4)919,530 (4)919,524 (4*914,818 (4)910.014
Dividends on com
(3)1,934076(3)1,934.076(3)1,934076 (2)1289384
Miscellaneous
135 000
10.000
Betterment fund, etc.... 2,250,000 2,6bo.o6b 2,500,000 2,500,000
Disco. it,etc
160,197
87,167
347,078
80,392
Report.— Report
.
.
Balance.
sr.$444,9P6 sr.$524,719 sr.185.041 sr.182,076
107
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Cent.
Whom.
Bonds— Prlnci -
When Due.
Stocks— Last
pal,
bv
Dividend,,
MAN.
5 g.
5 g. J.
3 In 1904 J.
4 In 1905 F.
6 g. M.
6g. A.
6g. F.
4g. M.
4g. A.
4 g. J.
N. Y., Metrop. Tr Co.
May 1. 1941
J. N. Y., Guaranty Tr. Co. July 1, 1954
D. Office, Philadelphia.
J'nel6,'05,Ha
A.
do
Aug.18,'05.2%
do
N. N. Y., Meroant. Tr. Co May 1, 1931
Apr. 1, 1932
do
O.
do
Feb. 1, 1934
A.
See text.
N. N.Y., Mercantile Tr. Co. Nov. 1, 1989
&
<ft
&>
&
&
&
<fe
& O.
& J.
4 g. J. & D.
5g. J. & J.
4g. M. & 8.
4 g. J. & J.
4ft M. & 8.
4 g. A. A O.
4 g. M. & 8
F. & A.
7
Q.-F.
8
M. & N.
4
33,0 g. J. & J.
M. & N.
4
5 g. A. & O.
See text. J. A J.
See text. Q.-J.
8 in 190^ J. & J.
6
Q.-J.
4ifig. A. & O.
5
J. & J.
4
Q.-M.
6
J. & J.
4iae. J. & J.
do
do
Oot.
July
do
do
N.Y., Mercantile Tr. Co. Deo
N.Y.,Metr'p'llt'n Tr.Co Jan.
Phila., Fidelity Tr. Co.
do
do
do
do
Hept
Jan.
Mar.
Commerc
1,
1,
1,
1,
1,
1,
1,
1,
1996
1944
1941
1922
"06-11
'06-13
'06-13
'06-15
Tr.Co. Apr.
Phila., Read'g Termln'l Sept. 1, 1952
A»g. l,'05,3i®
Burlington, N. C.
Phila
,
Phila. Of.,
do
do
do
240 So. 3d St Aug.25,'05,2%
May 1, 1936
do
Jan. 1, 1953
do
Nov. 1, 1928
do
Phila., Phila.
N.Y., J. P.
& Read'g.
Apr.
Morgan* Co. July
Bost., 1023 Old So.Blig.
Baltimore, Treas. Office
Annapolis.
Baltimore, Treas. Office.
Baltimore.Treas. Office.
N. Y., 21 Cortlandt St.
do
do
do
do
1,
1,
1920
1928
Oct. 1 '05,1 »<j%
JulylV05,4%
Irredeemable.
Apr. 1, 1925
Jan. 1, 1926
1905.1%
1, 1917
Jan 1. 2000
Sept.,
July
Officers.— President, L. E. Johnson; Chairman of Board, Henry
Fink. 27 William St., N. Y.; Vioe-Pres., Wm. G. Macdowell, Sec, E.
H. Alden; Treas , Jos. B. Lacy. Genera! <»Hce, Roanoke, Va.; Philadelphia office. Arcade Bldg., Market and 15th streets.
Ui
rtors.— Henry Pint and Victor Morawetz. New York: Ii. B. Johnson,
Roanoke, Va Job B. Thaver Jr., Samuel Rea, W. G. Macdcell. W.H. Barnes,
Joseph I. Ooran and John P. ureen, Philadelphia; James McCrea. Pittaburst;
Walter H I'aylor, Norfolk. Va.
—(V. 80, p. 1857,2344; V. 81, p. 31, 212, 66S, 896, 91 2 1175.)
•
•
;
NorriMown & Main Line Connect* ng RK,- Owns
road
3,405 feet long, including bridge over Schuylkill River, extending
from Norristown to a connection with the main line of the Philadelphia & Reading at a point above Bridgeport, Pa. L ased to Phila.
& Reading Rv at 4 p. o. on st"ck and int on bonds. The Reading Co.
owns all the $50,000 stock and guarantees the bonds.— V. 75, p. 1148.
Owns from Gold^boro to Charlotte, No.
North Carolina
Carolina, 221-65 miles; Caroleigh Jot, N. 0., to Caroleigh Mills, 1-90
m.; total, 223-55 m. Leased from Jan. 1, 1896, to theSouthern Ry. Co.
Tor 99 vears at $266,000 (6*3 p. c. on stook) 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. Stateof Nor. Car. holds $3,000,000 stooks. (V. 66, p. 665).
Owns from Philadelphia, Pa., to
North Pennsylvania
Bethlehem. Pa.. 56 miles; branohes to Delaware River, &c, 31 miles;
second track, 54^3 miles, total track, 227 miles. Leased for 996
years from May 1, 1879, to Phila. & Reading RR. at 8 per oent on
stock, and lease assumed in 1896 by Phila. & Reading Railway. Current liabilities June 30. 1904, $432.968.— (V. 73, p. 1160; V. 75, p.
1354; V. 78, p. 821 ; V. 81, p. 559, 668.)
Owns road from Glenside to
North-Fast Pennsylvania
New Hope, Pa., 26 miles. Controlled by Reading Company. Capital
stook, $400,000, of which $318,950 owned by Reading Co. par, $50.
Northern Alabama Ry.— Sheffield to Parrlsh, Ala., and branohes,
stock and bonds pur119 miles. In April, 1899, a majority of
chased by the Southern Ry. V. 68, p. 824, 873. See also V. 69. p. 391.
Stock is $2,000,000. Under supplemental mortgage of 1898 $400
000 of the outstanding $1,700,000 1st 5s were made prior liens. Remaining $1,300,000 general lien bonds bear Interest for two years
from July 1, 1898, at 2 per cent, then 3 per cent for two years; thereafter 5 per oent. V. 67. p. 1208.
In year ending June 30, 1904,
gross, $437,186; net, $46,330. In 1902-3 net, $63,364.— (V. 69, p. 28.>
Owns Concord, N. H., to
Northern (New Hampshire)
White River Jot Vt., 70 miles; branohto Bristol, N. H., 13 m total,
83 miles. Subsidiary lines, Concord & Claremont RR., 71 miles; Pe
terborough & Hillsborough RR., 19 miles. Lease to Boston & Lowell
tor 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
was 5 per oent on stock till July 1, 1897, and now 6 per oent, payable In gold. Until July, 1897, 1 p. o. extra was paid regularly from
contingent fund. Also In 1894, Jan., 5 p. o. extra was paid; in 1896,
July, 2 p. o. extra: In 1897 5 p. o. extra; In July, 1904, *a p. 0. oxtra.
-(V. 65, p. 463; V. 78, p 2385).
Northern California Ry.—See Southern Paoiflo RR.
Northern Central Ry.—Owns Baltimore, Md., to Sunbury, Pa.
135 miles, of which 132 miles double track—branch, 9 miles; leases—
Shamokin Valley Ji Pottsville RR., 38 miles; Elmlra & Wllllamsport
RR.,76 m. operates at cost—Elmira & Lake Ontario RR., 100 miles;
Lykens Valley RR., 19 miles also since June 1, 1902, York Hanover
& Frederick RR., 56 m.; York branch Penn. RR., York, Pa., to Columbia, 13 m.; total, 448 miles. Also uses N. Y. L. E & W. tracks, 7 m.,
and Phila. & Erie, Sunbury to Wllllamsport, 40 miles. The Northern
Central Connecting RR Co., incorporated on May 12,1903, with $350,000 authorized stook, is building from a connection at Selinsgrove Jot,
to the main line of the Pennsylvania RR., 35 miles. V. 7», p. 773.
Organization.— A consolidation of several roads In 1854 Con.
trolled by the Pennsylvania RR., which owns a majority of the stook.
The stockholders in Nov., 1903, authorized perpetual lease to or
merger with the Pennsylvania RR. V. 77, p. 1875.
Securities Owned On Jan. 1, 1905, among the assets held were
Elmira & Lake Ont stock (all), $1,500,000; Sham. Val. A Potts, stock,
$619,650; Union RR. stock, $1,225,000 (the bal. of $875,000 being held
by Phila. Wllm. <& Balto.), etc. Also the following, mostly acquired In
1900: Ches & Ohio stock $1,500,000; Bait. & Ohio pref. stock. #1,000,000, and common, $781,500; Norf. & West. pref. stook, *500.00O, and
oommon. $1,000,000; Erie &West. Transportation Co. stock, $500,000.
Stock.— Authorized issue was increased in Feb., 1900, from $8,000,000 to $12,000."00; Penn. RR. on Jan. 1,1905, owned $9,401,950.
The stockholders in Nov.. 1903, voted to increase the authorized stock
from * 1 2,000 000 to $20,000,000, Of the new stook, $5,73 1,1 25, raising
the amount outstanding to $17,193,425 was subscribed for at $62 50
per $50 <-hare in June. 1904, the proceeds being used to pay off $2,000, »oo bonds maturing July 1, 1904, purchase $1,562,000 <>f the
$2,000,000 outstanding Shamokin Valley & Pottsville RR 3*2 p. 0.
bonds not already owned, and provide for improvements and equipment. V. 77, p. 1875; V. 78, p 1907.
'89. '90. '91. '92. '93. '94 to 1900. 1901 to July.'OS.
S.->
Per cent... s 7
S
8 yearly (J&J)
7
8
8
7 yearly
Earnings.— 8 mos ., J1905.
....Gross, $6,76«,54.r net, $1,157,892
Jan. 1 to Aug. 31
1904
Gross, 6,636 145; net, 1,4^3,492
Annual Report.—Fiscal year ends Dec 31. President's report for
1904, given at length in V. 80, p. 868, 876, showed the following:
RR.—
RR.—
RR.—
RR.—
,
;
;
;
—
,
:
RAILWAY STOCKS AND BONDS.
108
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
&o., see notes
Date
Size, or
of
of
Par
Road Bonds Value.
No.Ohio— 1st M., g. ($15,000 p. m.) gu., p.& l.Ce.o
Northern Pacific Ry.—Stock, $155,000,000
Western ER. Minn. 1st M., gold, assumed
1895
167
1877
1883
60 is
Paul & N. P. Gen. M ., I'd grant, ass'd.Ce.c*<ftr 182
New mortgages of Northern Pacific Ry.—
Prior lien M. $130,000,000 gold, ld.gr.Me.o*<fer See t
Gen. lien M. $190,000,000, g., land gr
F o*<fer See}
226
St. P.-Dul. Div. pur. money M., $20,000,000.G.c
St.
$1,000
INTEREST OR DIVIDENDS.
Amount
Rate per When Where Payable, and by
Outstanding Cent.
Payable
Whom.
$2,500,000
100 155,000,000
1,000
328,000
1,000
8,021,000
.
-
.
Q.-J.
Q.-F.
J.
&
FP
.
,
IT
t
31—
1903.
1P04.
1901.
1902.
408
450
381
450
$10,288 204 $10,310,086 $8,456,685 $8,266,958
2,458,949
2,336,208
2,351.590
2,511,969
799.505
594,306
575,608
Other receipts
729,370
Total net income. $3,188,319
$3,135,713 $2,927,198 $3,106,275
Rentals, <feo
$464,912
$420,180
$494,760
$507,777
591,105
530,187
Diterest on debt.
494,512
535,905
916.980
916,980
Dividends 8 p. o .... 1,146.224
916,980
1? 6,969
Taxes and miscel...
212,979
93,157
206,721
700,000
1,101,039
Extraordinary
920.681
908,484
None.
Balance, surplus.
None.
$117405
$129,567
—(V. 78, p. 764, 772, 985, 2600; V. 80, p. 712, 868, 876,)
Northern Consol. Holding Co.— See this section for July, 1905.
Northern RR. of New Jersey.—Owns from Bergen, N. J., to
Sparkill, N. Y. 21 miles; leases Sparkill to Nyaok, 5 miles. Leased
to the Erie RR. from June 1, 1899, for the term of its oorporate existence, for Interest on bonds, 4 per oenton $1,000,000 stook, payable
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
4!fl per cent general mortgage bonds, guaranteed by the Erie, $654,000 are reserved to retire the 6s due July 1, 1917, and the remainder
for improvements and betterments or equipment for operation by electricity of the leased properties. See V. 69, p. 81.— (V. 71 p. 30.)
North. Ry. Cnrta Rica.— See V.71, p. 1067, and United Fruit Co.;
,
V. 75, p. 849; V. 78,
p.
288.
Northern Ohio Kailway.— (Set Map Lake Erie it Western.)—
Owns Akron to Delphos, O., 165 miles; brandies, 2 miles. Leased
In perpetuity to L. E. & W., which guarantees the bonds. V. 62, p. 826
Stock.—Common stock (all owned by L. E. &W.) $3,580,000; pre
ferred non-oumulative 5 p.
stook, $650,000; par of each $100.
Bonds.—The first mortgage Is for $4,000,000 of which $1,500,000
unissued are limited to $15,000 per mile of oompleted road hereafter
constructed or purohased. Operated as part of L.E.& W. V.66, p. 337
Northern Pacific Kail way.— (See Maps.) Operates one of the
leading lines to the Paclflo, having Its eastern termini at St. Paul,
Minn., and Duluth, Wis. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining district of Montana and the farming
country of Washington to Taooma and Seattle, and to Portland, Oregon, with branohes to Winnipeg, etc. The system compi-isos
Main line.
Miles.
Leased to others.
Miles.
Ashland, Wis., to Portland,
To other companies
9
Ore. (incl. 5 m. terminals) .2,171 To Province of Manitoba
355
Bralnerd and Staples to St.
Notoperated
51
o.
—
181
412
Paul.
Other lines
Total main line
Various branches
2,764
2,562
Total (1 no. 17 m. trackage) 5,740
Controlled properties.
Wash. & Col. River
1T163
Minn. & Intern. (V.77, p.451) 142
Other companies
44
Total, lncl. 17 m. track-
age (operated directly). 5,326 Total system July 1, 1905.. .6,090
Secondtrack
114
H See this company.
The Manitoba brandies, aggregating 354 miles, were leased for 999
years from May 31, 1901 to the Provincial Government and sub- let by
the latter to the Canadian Northern Ry. at a rental of $?1 0,000
annually for the first 10 years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter $300,000, with the option of purchase at any time for $7,000,000. V. 73. p. 610. In Jan., 1902, purchased branch from Minneapolis to White Bear Lake, Minn., 15 miles,
formerly leased, assuming $280,000 bonds. V. 74, p. 94.
On July 1, 1900, the St. Paul & Duluth RR., St. Paul to Duluth,
etc., 238 miles, was merged. Its bonded debt being assumed. V. 70, p.
1250; V. 71, p. 648. On June 30, 1905,93 miles of branohes and extensions were under construction. V. 81. p. 1246. Portland & Seattle
Ry., proposed joint line with Great Northern, see V. 81, p 1101.
History.— This Wisconsin oompany on Sept. 1,1896. succeeded to the
railroads, land grant and other property of the Northern Paciflo RR.,
foreclosed in July, 1896, and reorganized per plan in V. 62. p. 550.
The original Northern Paciflo Company was chartered by Congress
July 6, 1864; 450 miles to Bismarck were foreclosed in 1875.
Stock.— The $75,000,000 preferred stook was paid off at par on Jan.
1, 1902, the common being Increased from $80,000,000 to $155,000,000. V. 73, p. 1062, 1160; V. 74, p. 41: V 78, p 1223.
The Northern Securities Co., whioh owned $153,750,640 Northern
Paolfio stock, also most of the Great Northern stock, was in .luly, '05,
being liquidated under the pro rataplan of distribution sustained by
the U. 8. Supreme Court, the Union Paciflo to receive $32,070,612
Northern Paciflo stook on account of its holdings of Northern Securities stock. V. 80, p. 118. 1363, 1479.
Dividends (p. o.)— ) 1898 1899 1900 1901 '02 03 '04
1905.
4
>
4
5^ 7 6%
On oommon
2
7
On pref. (retired)
4 4(Q.-M.) 4 1 (final)
5
)
From May, 1904, to Nov., 1905. lnol., 7 p. c. per an., viz., quarterly,
and
extra. V. 80, p 1479.
of the new Prior Lien and General Lien mortgages of 1896 were In V.63, p. 1012-1019, and the statement to New
York Stock Exchange, was In V. 63, p. 1072, showing:
lJfl p.o.
** p.o.
Bonds.— Abstract n
pal.When Due.
Slocks— Last
Dividend.
F.
A.
J.
M.
J.
J.
&
&
&
&
&
&
Jan. 1, 1997
Jan. 1, 2047
Deo. 1, 1996
A. N. Y. J. P. Morgan & Co.
Aug.
Q.-F.
J.
M.
M.
A.
&
&
&
&
J.
N.
N.
O.
Q.-J.
M. & 8.
A.
&
July
Jan.
1,
1,
1921
1907
1931
1917
J.
1914
8.
1916
D.
1968
To 1909
J. N.Y.Winsl'w.Lan'r&Co. Jan. 1. 1938
,
do
do
do
do
O.
O.
Je^o&De
do
do
do
do
1,
1,
Jan. 1,
Sept. 1,
June 1,
Oot.
m
Checks mailed.
Feb. 2, '04,
San Fran.. Oo.'s Office. Jan. 1, 1912
May, 1904, int. last pd. May 1, 1942
N.Y .Farm's L & It. Co. May 1, 1928
Bait S. Dep. & Tr. Co Apr. 1, 1949
Meoh. Nat Bk., Wore. Oot. 2, '05, 2%
Boston. Co. 's ofHce.
Moh. 1, 1927
City N. Bk,Wat'rt'n,N. Y Apr. 1. 1923
1955
,
Coupon bonds F. & A.; registered bonds Q.— F. 6 Coupon bonds J. & J.; registered bonds Q.-J.
marks per dollar. $ 5,130 miles, including 40 miles not operated; spurs, 261 miles. * $361,000
Tear end. Dec.
Bonds— Pnnol-
N.Y.,J.P.Morgan&Bert
do
do
t
New York.
do
N.
do
D.
Berlin at 4-20
Miles of road
Gross earnings
Net earnings
lxxxi.
5 g. A. & O. N. Y.. Chase Nat. Bank. Oot. 1, 1945
Q p
7 in '05
New York.
Nov. 1,'05. 1\
M.35S&N*
7
do
May 1, 1907
do
6g.
Feb. 1, 1923
U
1896 500 &c 102.4S9.500
g
t g.
1896 500 &o 60,000,000
3
1900
*7,732,000
1.000
1901 l.OOO&c 215,223,000
4 g.
C.B.&Q.col.tr.M.,g. (red.aft.Jan.'06atl05) Scfcr
"l5 1877
1,000
280,000
7 g.
1st M.Minn.& Dul.,Minn.toW.B.Lake,g.ass'd
Bonds Underlying St. Paul & Duluth Div. Mort GAGE.
167 1881
1,000
c*
1,000,000
5
St. Paul & Duluth 1st mortgage, assumed
167 1887
o*
1,000
2,000,000
5
2d mortgage, assumed. Ce
21 1884
1,000
210,000
6
Taylor's F. & L. Sup., 1st M., s. f. not dr'n.Ce.c*
25 1886
1,000
500,000
5
Duluth 8. L. IstM, p. & i., s. f. not dr'n.Ce...O"
1,000,000
1,000
Consolidated mort., ass'd, $5,000,000, g.ltlp.c* 238 1898
98-'99
104.349 4*3 & 5
Car trusts, including Interest, July, 1 905
1883
1,000
3,680,000
6 g.
Norlh'n Pac. Ter.Oo.— IstM.. gold, red., atllO.F.c*
Southern Pacific RR.
Northern Railway (Oal.)-SEE
100 395,400,000 4>«in'03
Stock, $400,000,000
Northern Securi let—
:
1,000
1,498,000
5 g.
No. Shore RR.—N. Pac. Coast, gen. M. (now lst),g.o 90 5 1892
1902
1,000
2,000,000
5
New No. Shore M., $6,000,000, g., s. f. beg.*12.o*
1893
1,000
794,000
5
Northwestern Coal Ry.— 1st M., guar, end., g F.c
65 1899
1,000
285,000
4
Northwestern RR. of So. Oar.— 1st M., $375,000..
72
100
3,000 000
8
Norwich <t Worcester—Fret, stock, 8 p. c. rental...
1897
1.000
1.200.000
4
Bonds (not M.),int. gu. under lease, ourr'cy...c<fcr
7^ 1901 500 <feo
100.000
Nor. <6 St. L.— let M., $300,000,g. red. 1 10 in 10 yrsTa
£100
See text.
Nora Scolia Hastens— ls< mort., g., red text ... Text. 1 05
5 g,
.
Vol..
add'l in treasury
June
30,
1905
Prior lien 4%s purchasable with land sales at not exceeding 110 [but not subject to call], not over
$500,000 cash yearly to be so applied. Total issue
$130,000,000
Issued and outstanding
102,430^00
Issued, but purchased and canceled
3,210^00
Reserved to retire St. Paul & N. P. and West. RR. bonds..
S^jo,ooo
For new construction, betterments, equipment, etc, under
oarefully guarded provision?, but notexoeeding $1,500,000 per annum. Originally $25,000,000—still held
16,000,000
Of the $190,000,000 general lien bonds, $130,000,000 are reserved
to retire the prior lien bonds at maturity.
The St. Haul & Dtiluth Division mortgage seoures $20,000 000 purchase money bonds on the former St. Paul & Duluth, of which $9,215,000 were issued to acquire the road, $%283,000 are reserved to retire
existing St. P. & D. bonds and the balance for improvements to the
property. V. 70, p. 1250; V. 71, p. 1167. The lands lnoluded in the
grant of the former St. Paul & Duluth are estimated to be worth
about $4,000,000, and were not covered by the old mortgages. They
are to be sold and proceeds applied to purohase of the bonds at not
over 105 and interest, or if not purchasable at that prloe, then to betterments. Improvements or additions to the mortgaged premises or
equipment therefor. To July, 1905, $2,148,000 had been thus purchased and oanneled. V. 71, p. 1167; V. 72, p. 339.
Land Grant.— The land grant was 12,800 acres to the mile In the
States of Minnesota and Oregon and 25,600 acres per mile in the (then)
Intermediate territories. The acres on June 30, 1905, not yet sold were:
Minnesota
82,847 Washington
2,471,621
10 orth Dakota
6,380 Oregon
50,322
Montana
6,685,362
Idaho
Total west of Mo. Rlv. 9,895,223
598,212
Land sales In year 1904-05 aggregated 117.161 aores; net amount
received from sales and land contraots, $1,649,917.
Finances.—In 1904 Northern Pacific and GreatNorthern had acquired
$107,611 600 of the $110,839,100 stochol Chicago Burlington AQuincy
RR. in exchange for their Joint 20-year 4 per cent gold bonds
secured by the deposit of the stock in trust, on the basis of $200 in
bonds for eaoh $100 stock. See circular, V. 72, p. 871, 1034, 1135;
I
I
1
I
application to list, V. 73, p. 294; V. 73, p. 610
In May, 190S, the Northern Paciflo and Union Pacific arranged for
the joint construction of 125 miles of road Into the Clearwater district, Idaho.
V. wO, p. 2220; V. 81, p. 1246.
Earnings —For 3 mos. ending Sept. 30, 1905, gross, $15,402,859,
aealost $13,139,349 in 1904
Report.— Report for 1904-05 at length in V. 81, p. 1237, 1245.
1904-5.
1903-4
1902-3
1901-2.
Trs. end, June 30.
5,315
Aver, miles operat
Passenger earn... $11,335,852
Freight earnings.
36,861,132
2.525 902
Mall, express, <so.
Gross earn
$50,722,886
Net earnings
$23,914,127
Taxes
$l,t;oi,ooo
160,469
3,000,000
Netoper.ino- $19,152,658
Mlsc.excl.land sales 1.921,567
Bal. for lnt'st. $21,074,225
Interest
$6,947,983
Rentals, etc
Add'ns and lmp'ts
.
5,262
5,111
5,019
$11,105,753 $10,595,447 $9,177,509
32,998,921 33,301,^58 30,227,013
2,419,900 2,244,700
1,982,853
$46,524,574 $46,142,105 $41,387,380
$22,290,0^1 $22,110,012 $20,098,966
$1,462,775 $1,421,434 $1,149,890
150,-43
120,742
158.369
3,000,000
3.000,000
3,000,000
$17,66-*,8h7 $17,538,035 $15,828,333
1, 112,551
843,765
1,483,354
$19,152,241 $18,650,586 $16,672,098
6,904,696 $6,624,866
$6,922,930
(2(1. 500.000
Div. on pref stock.
Div. on com. Btkt7*a )lO,85O.OO0 (7^)10,849,989(613) 10,074,944(5)6,999,946
Bal.,sur.fory'r $3,276,241
$1,379,322 $1,670,946 $1,547,286
Directors —J inn 8. Ke ned», D. Willis James. Oe>ree F BakeT. John
Sin ma, J. Pleroont Morcan Jr.,
Lewis Cas* (jedyard. Howard Elliott,
'lough, James N HIM. Anns
Charles Steele. <Je>rg« W. I'erklns. Wilnain P
Tuck French. Alexander Smith Cochran, 1'ayne Whitney and Grant B. Schley.
Officers.— President, Howard Elliott. St. Paul, Minn.; Vice-President, Jame* N. Hill; Sec, George H. Earl, New York; Treas , 0, A.
Clark, St. Paul. N. Y. offloe.49 Wall 8t.-(V. 81, p. 1*37, 1242. 1245.)
<
Northern Pacific Terminal Company, of Oregon.— Owns
terminals on the Willamette River, Ore., at Portland. East Portland and
Albina, comprising lands 270 aores, traokage 32 miles, dook frontage
7,904 feet. Station at Portland, Ore., opened 1896. V. 69, p. 230,441.
Lease.— Leased for fifty years from Jan. 1, 1883, Jointly and severally
to Northern Paciflo, Oregon Ry. <fe Navigation and Oregon & California,
with guaranteed rental to pay Interest, sinking fund and taxes; leases
assumed in 1899 by new Nor. Pao. and Or. RR. & Nav. V. 69, p. 230.
Stock.—Stook ($3,000,000) owned by said three companies (40 p.o.)
by Oregon Ry. <fe Nav. Co., 40 per cent by No. Paoiflo and 20 per eent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, whioh is to oanoel the bonds.
Bonds.—The first mortgage is for $5,000,000; in 1905 $4,225,000 had been issued, of which -B545.000 retired by sinking fund, drawings at 110 and Interest. V. 77, p 193; V. 78, p 288; V. 80, p. 223.
Northern SecurHle* Co.—In 1904 the U. 8. Supreme Court
deolared the company to be a combination in violation of the AntiTrust Act, and therefore illegal. V. 76, p. 811,919, 1249; V. 78, p. 1168.
In Apr., 1905, the pro rata plan of liquidation given below was sua-
—
K
o
.
.
.
RAILWAY STOCKS AND BONDS
Oct., 1905.J
RAILROADS.
Miles
Date
Size, or
Amount
For explanation of column headings, Ac, see notes
of
of
Par
Outstanding
on first page of tables.
Road. Bonds Value.
Ogden Mint, JRR.- Stook (5 p.o.rent.Oen. of N. J.)
O.Oonn.Ry — 1st M.,$2,OOO,OO0.g.,gu.p.&i.textFc
.
Ohio dt Ky.— let M., g., a. f., oall at 110.Ce
o*
Ohio A Little Kanawha .Ry.— 1st M., g. red. 105..
Ohio River— 1st mortgage ($2,000,000), gold.FP.o*
Gen. M. ($3,000,000). gold, 1st on 39 miles. FP.o*
Rav.Sp. A Glen.lstM.,$400,000,g.,gu.,p.Ai.FPo*
Huntington & Big 8. IstM. ($400,000), gold, gu.o*
RlpleyAMillCr.lstM.g.,gu. p.<fct.,end.FP.o\fcr
Ohio River <£ Wesl'n-lst mur ., $600,000, gold.F.
Old Oolony— Stook, 7 p. c, guaranteed by rental.
Bonds, not mortgage
r
Bonds, not mort. (authorized $3,000,000), g...o*r
Bonds, not mortgage
o&r
o
Boston Clin. F. A N. B. mortgage.
o<fcr
Bonds, not mortgage
Omaha Bridge <£ Terminal Ry.—lBt M. ($5,000,000)
Oregon <t Oaf.— 1st M., g., dr'natlOO gu.p.Ai.Un.c*
NB
& Navigation— Common stook
Preferred stook, 4 per oent, non-oumulative
Consol. M. (now 1st) $24,500,000, eold.N
10
6
26
80
172
209
33
11
13
111
21
670
0* 1,063
Oregon Sfu>rt Line RR.— 1st M., (Ry Co.) g...o* 600
Utah & North'n 1st mort. $1 2,000 per mile
o*
477
Con. M.. gu., $15,000 p. m., s. f. not dr'n.g. A Bo* 477
Con. 1st M. $36,500,000, g. (1st M. on 400 m) G.c* 1,479
,
.
Ref.M.,$100,000,000,g ,gu.,p.<fei..red.textKqc\fcr
Income bonds, Series A. 5 p. c, non-oum.OB
Series B. non-cum.Mo.
Oreg. <£ Bo.
1st M., $300,000, g., red. 110, s.
Oswego <e Syracuse- Stook, 9 p. o. guar., D. L.
do
E—
$450,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
250,000
228,000
2,000,000
2,941,000
376,000
f.Ta
A W.
35
S. Supreme Court, and the company's holdings of
Great Northern and Northern Paolfio stocks were being distributed.
The stockholders voted on April 21, 1904, to reduoe the stook
from $395,4 0,000 to $3,954,000, the par value of sharesto remain
In return for each 100 shares of Northern See stock owned
$ 100.
the holders to receive 99 times $39 27 stook of the Northern Pacific,
or $3,887 73, and 99 times $30 17 stock of the Great Northern, or
$2,986 83. and a stub for 1 per oent ($100) of the original Nor. See
stook owned, the latter representing the rema ining assets in the treasury, pending completion of dissolution. V. 78, p 1223, 1275, 1392.
Dividends.— Dividends 1902, 4 p. o.; 1903, 4*3; 1904, Feb., 1 *$ p. o.
Officebs.— President, James J. Hill; Seo and Treas., E. T. Niohols;
General Counsel, W. P. Clough. Office, 32 Liberty St., N. Y. -(V. 80,
(
1363, 1424, 1479, 1857, 1913, 2220; V. 81, p. 212.)
North Shore RR. (Narrow Gauge)—Owns San Franolsoo to
Cazadero. 84 miles; branohes to San Rafael and Mill Valley, 4 miles;
spurs, 10 miles, of which 5 not operated; total 98 miles, includ ng
ferry to San Francisco, 6 miles. Of the road, Sausolito to Mill Valley,
Fairfax and Han Rafael, 25^ miles, was opened as a third-rail standardgauge electric line in Aug., 1 903. V. 74, p. 1252. Successor May. 1902,
of North Paclflo Coast RR. In 1904 President Arthur W. Foster of
the California Northwestern Ry. and associates, including, it was understood, Southern Pacific Interests, acquired control. V. 79, p. 681.
Stock.— Stook issued, $6,000,000; par $100. V. 77, p. 250, 1534.
Bonds.- Of the 5s of 1902 <Mere. Tr. Co. of San Fran., trustee), the
present issue is $3,500,000, of which $1,500,000 were reserved to retire
the N.P. Coast 5s at or before maturity, the bal. being Issuable as required for extensions and Improvements. V. 74, p. 1252. The Interest on the 5s ot 190 2 was defaulted a second time in May, 1905, cash
for prlnci al and interest being deposited with the trustee, which declared the bonds due and ayable. V. 80, p. 1913.
For year ending June 30, 1905, gross, $721,897; net, $110,349; interest and taxes, $280,478; bal., def. for year, $170,129. President, Arthur W. Foster, San Francisco. Dlreotors Aug.. 1904, V. 79, p. 681.
<V. 78, p. 2599; V. 79, p 681, 2148; V. 80, p. 1913.)
Northwestern Coal Ry.—Allouez Bay, Wisconsin, to Allouez
Junction, Wis., 253 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guarantees the boDds. See official statement, V. 71, p. 698. Capital stock,
1,000,000.
For year ending June 30, 1904, gross, $22,051; net, $3,t 98; Int. and taxes, $11,864; bal.,def.foryear,$8,566.— (V. 71, p. 698.)
Northwest.— See Chicago A North Western.
Northwestern RR. of South Carolina.—Wilson Mill, 8. C,
via Sumter, to Camden, 61 6 miles, of which Sumter to Camden completed 1900; branch, Millard to St.Paul,3-7 m.; trackage, 4-32 m.; total,
69-62 miles. Stock, $100,000. Livldend 6 p.o. paid yearly, Dec, 1900,
to 1902 in 1903, 4 p. c. Year ending June 30, 1904, gross, $96,590;
net, $49,057; interest, $15,000; dividends. $4,000; bal.. sur., $30,057.
Norwich & Worcester
Owns from Norwich, Conn., to
Worcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 miles. Also owned entire capital stock ($500,000) of the Norwich & New York Transp. Co., operating boat line to New York City
<merged in New England Navigation Co. in Dec, 19.04). Leased
to New England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N. H. A H. RR. since July 1, 1898; rental is 8 per cent on preferred stook.— (V. 69, p. 1194; V. 70, p. 76, 125.)
Norwood A: St. Lawrence RR.— Norwood to Raymondville, N.
Y., 71* m.; opened Nov., 1901. Stook, $100,000; par of shares, $100.
Bonds are sublect to oall at 110 Apr. 1, 1912. Year ending June 30,
1904, gross, $46,669; net, $14,503; int. and taxes, $5,455; bal., sur.,
$9,048. Pre*.. Chas. H. Remington, Treas., Warren F. Howe, Watertown, N. Y.— (V. 74, p. 1090.)
—
RR.—
Nova Scotia Eastern Ry.—V. 81, p.J727.
Ogden mine RR.— Owns Nolan's Point (Lake
Sparta (or Ogden Mine), N.
J.,
10 miles.
Hopatoong) to
Leased for 999 years from
c per annum on capital
Jan. 1, 1882, to Central RR. of N. J. for 5 p.
stock and $500 yearly for organization expenses.
Ogdensburg & Lake Champlalnj Ry.— See Rutland RR
Ohio Connecting RR,— Owns bridge over Ohio River near Bir
mingham,
Pa., and approaches, 5'63 miles
Leased from Oct. 20
1890, for no definite time to Pitts. Cinoin. Chic. A St. Louis Ry.;
rental, net earnings. Stock increased in Dec 1902, from $1,000,000
to $2,000,000 In $50 shares. Bonds are guaranteed as to principal and
Interest bv endorsement by Pennylvanla Company, which on Jan. 1,
1905. owned the entire stock and bonds. Form of guaranty, V. 81,
p. 669. For caleudar year 1904, gross, $302,957; net. $178,383;
charges, $8<j,000; dividends (5 p c), $100,000; bal., def., $1,617-. (V.
76, p. 919; V. 81, p 669, 1044, 1242.)
Ohio Sc Kentucky Ry.—Owns from Lex. A East. Ry. at Jackeon, Ky., to cannel coal fields in Morgan Co.,Ky., 26 m. Operated by
Lex. A East. Ry., but independent operation resumed In July, 1904.
Com. stock, $200,000; prei. stock, $100,000; bonds as above, $250,000;
Junior securities to be taken by stockholders, $175,000. Bonds are
fuaranteed by Kentucky Block Cannel Coal Co. Year ending June 30,
904, net earn $46,699.
Pres., W. de L. Walbridge, 1 B'way, N. Y.
Ohio & Little
Ry.—Zanesville, O., to Marietta, etc,
80 miles. V. 69, p. 907. Bait. A Ohio has pledged under its Pitts. L.
E A West Va. mortgage $585,000 common and $824,000 pref. stook.
,
Kanawha
5
A J. Phlla., 608 Chestnut St. Oct., '05, 2i«%
A B. N. Y. .Farm L. A Tr. Co. Sept. 1, 943
N. Y., 1 Broadway.
July 1, 1926
J. A J.
M. A S. N. Y., Knlok. Trust Co. Men. 1, 1950
N.Y., Central Tr. Co.
D.
June 1, 1936
J. A
do
do
Apr. 1, 1937
A. & O.
do
do
Aug. 1, 1920
F. A A.
New York or Phlla.
July 1, 1922
J. A J.
F. & A. Phlla., E. W.Clark A Co. Aug. 1, 1908
M. A S. No Interest ever paid. Sept. 1, 1953
Boston, Office.
oot. i,'05, im
Q.-J.
do
Jan. 1. 1938
J. & J.
Feb. 1, 1924
do
A A.
do
Deo. 1, 1925
J. A D.
J. A J. Boston, N. E. Trust Co. Jan. 1, 1910
Treas. office, Boston.
July 1, 1932
J. A J.
& J. Prov. L. A T. Co., Phlla. Feb. 1, 1943
A J. N. Y., South Paolfio Co. July 1, 1927
N. Y. Office, 120 B'way. July 2, '98,1%
July 2, '05, 2%
do
do
J. A J.
June 1, 1946
J. A D. New York & Germany
Feb. 1, 1922
F. A A. N. Y., 120 Broadway
July 1, 1908
do
do
J. A J.
do
July 1, 1926
do
J. A J.
July 1, 1946
do
do
J. A J.
do
do
Deo 1, 1929
J. A D.
J.
4g. M.
£ g
5 g5 g.
-
5g.
J
303,000
50,000
II:
600,000
*«•
100 17,871,400
1888
1.C00
4
4,000,000
1894 l,000&0
3,000,000
1895 1,000 fee
5,598,000
1880
1.000
1,912,000
5
3i«
1902
1,000,000
1893
1,000
1,563,000
5
1887
18 23 ,000
1,000
5g.
100 24,000,000
100 11,000,000 4% In '05
1896
1,000
21,479,000
i g
1882
1,000
14,931,000
1878
1,000
4,993,000
1886
1,000
1,802,000
2 g
1897 500 Ac 12,328,000
g
5
1904 1,000 Ac See text.
4 gJuly 1,
do
do
1897 500 Ac
7,185,000 5 p. o. in Sept. '04
July 1,
do
do
1897 500 Ac. 14,841,000 4 in 1901
Oot.
1902 500 &o.
A. & O. N. Y., No. Amer. Tr. Co. Apr. 1,
300,000
F.-A..20 N. Y., Del. L. A W. RR, Nov. 20,
50
1,320,400
tained by the U.
p.
Bonds- PrinciINTEREST OR DIVIDENDS.
pal, When Du<
Rate per When Where Payable, and by Stoc ks— Last
Payable
Cent.
Whom.
Dividend.
i*
125
Oregon RR.
,
$100
1903
1896
1900
1886
1887
1890
1892
1888
1903
109
-
J*
-
-
V. 73, p. 1264. Stook
is,
common, $918,000;
"
190H)2, gross, $188,718;
12,
net,
pref., $1,167,500.
p, 1264.)
1946
1946
1922
1905
Year
$43,191.— (V. 73,
Ohio River RR.— (See B. <t O. Map.)— In July, 1901, purchased
by the Bait. A Ohio RR., which has pledged $5,884,400 of the $5,915,430 capital stock as part security for Its own Pitts. L. E. A W. Va. 4s.
Report. -Year ending June 30, 1902, gross, $1,559,152; net, $585,942; lnt, $252,536; bal.. ear., $333,406. Earnings since July 1, 1902,
are included in those of B.
& O. -(V. 72, p.
287; V. 73, p. 287.)
Western Ry.— Seepage 178.
Oklahoma City Henrietta &. St. Lonis RR.— V. 81, p. 508.
Old Colony RR. (Mass.)—Owns road from Boston to ProvinoeOhio River
Sc
town, Mass., Newport, R. I., etc, 508 miles; leases, 108 miles.
Lease.—Ln 1893 leased to the New York New Haven A Hartford
for 99 vears. About $5,500,000 of the stook. Included in table above,
Is held by the lessee. The lease provides for dividends of 7 p. c per
annum on stock not exchanged. V. 56, p. 247, 374. Stock author*
ized, $20,000,000. On June 22, 1904, $462,500 stock was sold to retire
$750,000 bonds maturing July 1, 1904, and $17 ,000 floating debt,
raising amount issued to $17,871,400. V. 78. p. 1962, 2335, 2443.—
V. 78, p. 1962. 2335, 2443, 2600; V. 81, p. 976
Orange &. Northwestern RR.— Buna to Orange, Tex., 30 miles.
Extensions are proposed, making 385 miles in all. In 0<*t, 1905, under
construction from Buna to Newton, 31 miles. Stock authorized $400,000; outstanding $15,000. In Nov., 1904, B. F. Yoakum of St Louis A
San Francisco acquired an interest. V. 79, p. 2797. In April, lv<02,
tbe Railroad Commissioners of Texas approved the Issue of $23,000
bonds per mile on 30 miles. Bonds outstanding Dec, 1904. $420,000
first 5s, due Sept. 15, 1933. For year ending June 30, 1904, gross,
$76,130 net. $16,397; taxes, $2,367. President, L. Miller; Seo. and
Treas., W. W. Reid. Office, Orange, Tex.— (V. 79, p. 2797.)
Oregon &. California RR.— (See Map Southern Pac.) —Portland,
Ore., to California State line, 367 miles Albany Juno, to Lebanon, 12
miles; Portland to Corvallls, 97 miles Woodburn to Natron»93 miles;
Portland, Ore., to Alrlee, Ore., and branch, 85 miles; Mohawk Jot. to
Wendling, 16 in.; traokage, 2 m. Total, 672 miles
Lease, ±;tc.—Leased to Southern Pacific Co. for 34 years from August
1, 1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after payment of charges. Betterments are payable by lessor. Southern Pacific
owns all but $75,000 of the $19,000,000 stock, $12,000,000 of which
Is 7 p. o. pref.
V. 72, p. 287. Due So. Pac. June 30, 1904, $5,583,690.
Bonds.—Land grant was about 4,000,000 acres, part of which Is
covered by the mortgage, proceeds of land sales going to redeem bonds
(subject to call at par). The Southern Paolfio guaranty of prinolIn 1903-01 net
f>al and Interest is printed on each of the 5 per cents.
and sales subject to mort. were $115,596. See V. 63, p. 754.
Earnings.—Year ending June 30, 1904, gross. $4,30 ',215; net,$l.259,601; lnt, taxes, etc, $1,271,356— (V. 79, p. 2457; V. 80, p. 2220.)
Oregon Improvement.— See Pacific Coast Co. (Mlsoell. Co's)
Oregon Railroad A- Navigation.— (See Map Union Pac.)— East
Portland, Ore., to Huntington, Ore., 403 m. Dmatllla, Ore., to Spokane, Wash., 245 m.; branohes owned, 467; leases Snake River Valley RR., Waliula to Grange City, Wash., 66 m.; other, 2 m.; total.
1,083 m., of which 13 narrow gauge; river division water lines. 308
miles. Ocean line to San Francisco, 660 miles. la July, 1905, a
branch from Arlington to Condon, Ore., 46 miles, was opened. Ths
stockholders were to vote July 6, 1905, on authorizing an extension
from St. Johns, Ore., to, at, or near, Troutdale
Organization.— Organized in Julv, 1896, per plan In V. 61, p. 325
and V. 62, p. 41. Controlled by Union Paolflc Ry., direotiy and
through Or. Sh. Line.
$700,000 first 5s (entire issue) of Columbia 8outhern Ry., Biggs, Ore., to Shaniko, 71 miles. V. 73. p. 1H63.
Stock.— In July, 1904 all except $20,21C common and $14,660 preferred stook was owned by the Union Paolflc system, beln^ mostly deposited under Ore. Short Line refunding 4s of 1904. V. 70, p. 177;
V 80, p 1913.
Dividends.—On preferred: 1897, 2 p. c; 1898 to Jan., 1905, botb
Inclusive, 4 p. c yearly. On common paid 1% July 2, 1898.
Bonds.—The consolidated mortgage of 1896 (abstract V. 63, p
928; trustee, New York Security A Trust Co.) covers all the property.
Of the $24,500,000 authorized, the bonds unissued are mostly
reserved for the construction of additional road at the rate of not more
than $20,000 per mile of constructed road. V. 74, p. 206.
Report.— Report for 1899-1900 in V. 71, p. 960; none since.— (V. 72
p. 45, 184 V. 74, p. 884; V. 75, p. 290; V. 80, p. 1913.)
Oregon Short Line RR.— (See Map Un. Pac.)— Granger, Wyo., to
Huntington, Ore., 542 m.; branoh to Ketohum, Idaho, 70 m.; Ogden to
McCammon, Idaho, 111 miles Pooatello to Silver Bow, Montana, 256
miles; Cache Jet., Idaho, to Preston, Utah, 43 miles; Ogden, Utah, to
Sandy, 50 miles; sundry branches, etc, 182 miles; Butte to Garrison,
Mont., 57 m., owned, but operated by Northern Paoiflo; trackage, 11
miles; total June 30 1904, 1,313 miles.
On July 7, 1 903, the portion of the main line from Salt Lake City,
Utah, to Calientes, Nev., 340 miles, included above, with some branch
mileage and additional completed road south or Calientes, 512
miles in all, was taken over under purchase by San Pedro Los Angeles
& Salt Lake Ry „ the Oregon Short Line acquiring a half interest in the
San Pedro L. A. AS. L., to be completed between Los Angeles and
;
;
;
Owm
;
110
RAILWAY STOCKS AND BONDS.
[Vol. lxxxl,
Oct., 1905.
j
RAILWAY STOCKS AND BONDS.
Ill
112
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
—
c
Oct., 1905.
RAILWAY STOCKS AND BONDS
J
RAILROADS.
^or explanation of column headings,
on
first
page of
<fcc,
Miles
of
see notes
dt Syr. ( Con, ;— '"onsol. M. (guar. D.L. <fe W.)
Construction morf., guar, (for $1,000,000) F....
Overton County— 1st mort $250,000, goid
Owensboro dt Nashville—1st mortgage, gold. ..Ceo*
(Hark. <t Cher. Cent
1st M., g.,gu. p.<fc i. red. par N
35
35
,
—
88
144
of
Par
Amount
Outstanding
1st M.,$4,000,000, B.f.,g,red. at 105<text).Ce...O*
8ubsidy bonds.,g., drawn at 100. 8eeV.64,p.705.o*
falerson <£ Hud.Riv.— 8tk.,8p.crent.N.Y.L.E.&W.
Paterson dt Ramapo— Stook (rental guarantee)
Pemigewasset Valley RR.— Stock (rental guarantee)
Pennsylvania RR.— Stock, $400,000,000. Tr
General mort. bonds, $1,000 and *200 eaoh. .cfcr
r
Con. M. (Gold registered bonds
o
of '73 se-J Gold coupon bonds
cures all ) Gold coup., s. f., 1 p. c, not drawn, .c*
equally. [ Sterling (s. f In 1900) not drawn . o *<fe r
r
L>ond8 (P. W. & B. stook as collateral)
o*
Collateral trust loan, gold , not drawn
convertible. P. c*
Gold bonds, redeemable, text,
.
50
00
50
14
14
cfcr
1881
1903
1897
1880
•••
43
43
56
5
138
. . . .
.
A&O
100
50
$ or £
1,000
1,000
1,000
*200
1,000
1,000
&c.
&c.
&c.
&C.
Salt Lake City by Jan., 1904. V. 79, p. 1705. V. 76, p 919, 1356; V.
77, p. 38. Snake River RR. is building from Riparia, Wash., to LewisBranch from Minidoka to Twin Fads, Idaho, 60
ton, Idaho. 78 miles
miles, was opened July 29, 1905; also branch under onstruction from
Garland, Utih, to Malad City, Idaho, 32 miles. Contract for extension from Flgin to Joseph, Ore., 64 miles, was let in Aug., 1905. Extension of St Anthony, Idaho, branch 76 miles to Yellowstone Park
1
was proposed
History.— Successor March
Capital Stock.— Authorized $27,460,100, of whioh new Union Paoiflo
Ry. Co. has acquired $27,450,100. V. 68, p. 188, 381, 474.
Bonds.— Of the $36,500,000 new first consols, $22,029,000 are reserved to retire at maturity the loans not disturbed
Series A, incomes, non cumulative 5 per cents, have received In
Sept., 1897, 4 p. c; Sept. yearly since, the full 5 per cent, at Guaranty
Trust Co., N.Y. or Old Colony Trust. Boston. V. 6^». p. 492.
:
Oregon RR. & Navigation stock, viz., $16,281,400 common and
$976,900 preferred, is owned and pledged as special security for
the Series B incomes, but dividends thereon are to go to the Short Line
company exaept as needed to pay to Series B their full interest. In
Oct., 1898, 3f>er cent and in Oct., 1899 to 1904, lnolusive, 4 per oent
yearly was paid on the Series B incomes. V. 65, p. 572; V. 66, p. 1141.
The Union Paoiflo owns $6,751,000 of the $7,185,000 Income "A"
bonds and $14,788,000 of the $14,841,000 "B" bonds. V. 70, p. 176.
Theref gold guar 4s (oollat. trust) of 1904 (authorized issue, $K'0,000,000) are subject to call at 102^ on and after Dec. 1,1907. The
bonds are secured by pledgeof the following stocks: $5,000,000 North
ern Securities; $18,000.00 J preferred and $90,000,000 common South
ern Pao. and $10,000,000 preferred and $20 000 000 common Or Rli
& Nav. The collateral may be replaced by other of equal value, >f
th« bonds, $45,000,000 has been sold, $4 5 991,000 is held in the Unior
Pacittc treasury an-1 the remaining $9,009,000 for future purposes,
t
See abstract or mort.. V, 80, p. 2403. V. 79, p. 2086; V. £0, p. 1913.
The 4 per cent and pai tioipati ng gold bonds were called for payment
on Feb. 1, 1905.
Earnings,— For 7 mos. ending Jan 31, 1905, gross, $8,951,769: net,
$5,692,280; oharges, $3,828,188; bdl„ sur $l,8b4,092. V. 80, p. 1913.
Balan"e sheet Jan. 31. 1905. V. 80, p 1969
Financial Office, 120 B' way, N. Y. City— (V. 80, p. 2399; V. 81, p. 3 1.)
,
&.
Southeastern BR.-To extend from Cottage Grove,
Ore., to the Bohemia Mining District, 36 miles, of which Cottage
Grove to Wildwood, 18 miles, completed in Oot.-1904; branches,4 miles;
total, 22 miles.
Extension lrom Wildwood to Bonita, 8 miles, will be
completed In summer of 1906
Stock authorized, common, $500,000;
preferred 7 per cent otim., $500,000; outstanding, $400,000 of each;
par of shares, $100. Preferred is subject to call. Bonds, see table.
Pres., G. B. Hengen, 15 William St., N. Y.— (V. 75, p. 135.)
Oswego
&.
Syracuse
KU,- Owns from Oswego, N. Y.,to Syracuse,
35 miles.
Leased in 1869 during length of charter and renewal
Lackawanna & Western Railroad Company for
9 per cent per year on $1,320,400 stook and interest on bonds.
N. Y.,
thereof to the Delaware
Overton County RR.— Under construction from a point In Putnam County, Tenn on tlie Tennessee Central RR., to Livingston, 20
,
miles. As projected, road will extend from Allgood, Tenn., to a point
at or near Somerset, Ky , 7 ' miles
Stock authorized, $250,000.
Bonds to be authorized -sept 23, 1905, see table above.
SI, p 727.
President. W. M. Breeding; Treasurer, E. C. Knight, Livingston,
Tenn— (V. 81, p. 727)
V
Owensboro
Nashville
Ry.— Owns
from Owensboro, Ky.,to
Adairville, Ky., 84 miles; Mud River Branch, 4 miles. Operated by
Louisville & Nashville Railroad, whioh owns the $1,156,525 stock (par
$100) and the $1,200,000 first mortgage bonds— all these bonds and
most of the stock being pledged under its trust deeds.
«>zark A Cherokee Central Ry.— Owns Fayetteville, Ark., to
Okmulgee, I. T., 144 miles, including steel bridge over Arkansas River.
Stock, $9,000,000, of whioh $z, 880,000 is issued aDd owned by the
St. Louis & San Francisco, which operates the road as part of its Central division and guarantees bonds, principal and interest.
I'be $120,000 unissued bonds are reserved t retire the $100,000 Muskogee City
&.
5
>
Bridge bonds See V. 76, p. 865, 919; V. 78, p. 703, 2335.- (V. 76, p.
919, 1408; V. 78, p. 703, 2335; V. 79, p. 1705; V. 80, p. 1424.)
Panama RR.—
Colon to Panama and La Boca, 50 miles, 5-foot
gauge. The U. 8. Government owns the entire $7,000,000 cap. stock.
V. 78, p. 1785; V. 80, p. 163, 1235. The traffic agreement with the
Pacific Mail Steamship Co. terminated July 12, 1905. V. 74, p 1252;
V. 80, p. 872, 14,9, 19 1 3.
Dividends. J '88 '89 '90 '91 '92 '93 '94-00 '01 '02 '03 1904.
1905.
Since "87 p.ct. I 23 9 5 5
2 2 None 2 4
6ia
Feb.. 5
Bonds.—The mortgage of 1897 is for $4,000,000; sinking fund
$150,000 yearly; bonds may be drawn for s. f. or as a whole at 105
V. 65, p. 516. See also description in V. 66, p. 1046; V. 79, p. 904.
The stiosidy bonds are secured by an assignment and pledge
made by the U. 8. of Colombia (now assumed by the Republic of
g.
6g.
4*2
&
M.
A
g.
g.
<fe
J.
A.
g.
M.
5 3,000
6 g.
8
630,000
8
298,000
6
541.500
302,711,950 6in 1904
6
19,997,820
3,498,000
5 g.
1,500.000
5g.
2,769,000
4 g.
3 lag.
4,850,000
4
7,702,000
4*3g.
9,900,000
3ia g.
20,523,000
100,001,000
3-s g.
al, 000,000
5
6
1,349,500
500,000
4g.
5
75,000
4 g.
4,000,000
413
212,000
6,000,000
4 g.
2,728,000
4g.
3ia g.
2.400.0C0
3ia g.
1,200.000
udlng $275, 200 bond
J.
J.
&
&
&
&
&
N. Y., 71 Broadway.
N.Y..N Y. Sec.&Tr.Co.
J. St. U Union Tr., St. L.
N.Y.,24 8tateSt.
do
O.
do
N.
do
do
N.
O
Paterson, N.
J.
J.
J.
Nov."i," 1931
Oct. 1, 1913
July
1,
1942
Feb. 1,'05. 5%
Oct. 1, 1917
Nov.
1,
1910
July, 1905,
4%
July, 1905, 4%
do
F. <fe A. Tre's.off., Concord, N.H. Aug.. 1905.3%
May 31, '05, 3
M.&N^j/ Philadelphia .Office.
See x Phila. Office & London. July 1, 1910
do
Q.-M.
Ml
M.
J.
J.
J.
M.
J.
M.
M.
J.
M.
J.
M.
M.
M.
Q.-J.
Q.-F.
s
Sept. 1, 19 19
Philadelphia, Offioe.
do
do
& 8.
Sept. 1, 1919
& N. N.Y., Farm's L.&T. Co. May 1, 1943
& J. N. Y., Far.L.A T. & Lon July 1, 1946
& J. Phila., Pa. Co.for Ins.&e, July 1, 1921
& D. Phila.,Provid'tL.&T.Co, June 1, 1913
& N Ph. & Am Ex Bk.N.Y, Nov. 1, 1912
Oct. 1, 1915
& D.
& N. Phila., Broad St. Stat'n May 1, 1928
do
May 1, 1938
& N.
do
& J. N.Y.,Am.Ex.N.Bk.&Ph July 1, 1936
& 8 Phila., Broad St. Stat'n. Sept., 1919
do
June 1, 1928
& D.
do
May 1, 1912
& N. Phila., Co.'s Office.
& N. New York and Phila. NOV. 1, 1943
& 8. Phila., Girard Trust Co. 8ept. 1, 1914
do
do
do
do
Oct., 1906-09
Nov., 1906 09
held a live in sink. fund.
Panama) to the trustees of $225,000 annually, of the annual subsidy
or rental to that extent payable to said government by the company,
and are drawn and paid off on November 1 yearly with any surplus of
the subsidy not needed for interest. V. 64, p. 705.
Annual Report.—Report for 1903 in V. 78, p 1387:
Net RR.
Net of
Oharges,
Surplus,
Year
Oross RR.
etc.
to Dec.ZX. Earnings. Earnings. Steamships.
Incl. Other Inc.
$209,193 $895,852
$710,895
$1,577,337 $850,298
53,310
1,267.571 705,331
833.637
401.068
The charges above in 1904 include Subsidy payment $25,000; Interest on bonds, $154,581; redemption of bonds. $321,780, etc.— (V.
80, p. 163, 473, 872, 1235, 1479, 1913; V. 81, p. 841, 900.)
Pan-American RR.— (V. 78, p. 103, 1550; V. 81, p 669 )
Hudson River.— Owns from Marion, Jersey City,
Paterson
N. J. (south of Bergen Junction), to Paterson, N. J., 14 miles, double
track. Leased in perpetuity, at $48,400 per year for road, $5,000 for
land in Jersey City and taxes, to Erie RR., forming part of main line.
Paterson
Ramapo RR.— Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of main line of Erie RR.,
whioh leased Sept., 1852, during legal existenoe, at $26,500.
to
1904.
16, 1897, of the Oregon Short Line &
Utah Northern Ry., foreclosed per plan in V. 62, p. 504, 505. Controlled by Union Pacific which holds nearly the entire capital stock
and the greater part of the Income A and B bonds. V. 75, p. 1032.
Oregon
5
<
1,000
Sun. & Lewis.. 1st M., $600,000, p.& 1., g.GuPc*
100 &c.
Westchester, 1st mortgage, assumed
1,000
West. Pa., consol. mort., gold, assumed.. PIP.c*
4-62
1,000
River Front, 1st mortgage, assumed
i.c*<ftr..GP
1,000
Pitts Va &Ch.. 1st M., g., guar. p.
C ....
1,000
Equip. Tr. gold bonds (s. f 5 p.o. ) not drawn
1898-9 1,000
Penn. Roll. Stock Tr.,g, $300,000 paid ea
1899
1,000
Penn Car Trust, gold, $300,000 paid v early
a Inol
x On coupon bonds J. & J.: on registered bon ds A. &o.
&
e text.
2.*232.000
1,000
1,000
500
500
100
100
<fe
100,000
5
7,000.000 See text.
50
1867
1879
1879
1893
1895
1881
1883
1902
1905
1878
1878
1896
1879
1888
1882
1904
1889
Bonds—Prlnoi
INTEREST OR DIVIDENDS.
pal.When Due
Kate per When Where Payable, and by Stocks — Last
Payable
Cent.
Whom.
Dividend.
M
S.
Y. D. L. & W RR.
N.
Moh. 1. 1907
M. & N.
do
o
do
May, 1923
l.iOO.OOO
2.880,000
8.
100
.
857
857
857
857
857
$438,000
668,000
1,000
1.000
1,000
t
G
o\fcr
do
A, drawn at 100...
1876 $1,000
1883
1,000
1905
1902
Musk.C'yBr'gelstM.g ,int.rent.red.l05'07sSt0*
Panam a— Stock
Ser.
Size, or
Road. Bonds Value.
tables.
Oswego
do
do
Sunb. Haz. & Wllk., 1st,
2d mortgage, Income
Date
113
..
1903
:
&
&
Pecos Valley
&
Northeastern Ry,— Road.—Owns from
Pe-
In Dec, 1900, the
Atchison Topeka & Santa Fe acquired over 97 per cent of the $2,916,000 bonds (50-year gold 5s of 1948) and 97 per oent of the common
and preferred stocks ($3,162,000 eaoh), but the road will be operated
independently for the present. V. 72, p. 88, 137; V. 73, p. 736.
Report.—Year 1903-04: gross, $803,419; net,$265 464: other inoome,
$116,586; total deductions, $334,687. (V. 73, p. 900.)
Pemigewasset Valley RR.— Plymouth, N. H., to Lincoln, N. a.,
23 m. Leased to Conoord <fe Mont, for 6 p. con stook; op.by Bos. & Me.
cos City, Texas, to Amarillo, Texas, 370 miles.
RR.—
Pennsylvania
(See Map).—-The system, as shown on the adjoining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo, Chioago and Burlington on the
north, and to Washington, Cincinnati, Louisville and St. Louis ol. the
south. The total system on Jan. 1, 1905, aggregated 10,605 miles, of
whioh 3,748 miles represent the mileage operated directly under the
caption "the lines east of Pittsburg and Erie" and 2,861 miles the
mileage operated direotly under the caption "the lines west of Pittsburg and Erie," the latter being more fully described under the title
Pennsylvania Company and Pittsburg Cincinnati Chioago & 8t. Louis.
The balance of the system is operated independently.
Milts.
East ol Pittsburg
Erie.
Main Line and Branches
Miles. Other lines (includ. D.&R. Canal,
66 m., and ferries, 2 m
435
Philadelphia to Columbia, Pa
81
Phdadelphia, Pa., to New Boston,
Total In Penn. KB. statlstics..3,74&
210 Trackage
etc
84
&
)
Harrisburg, Pa., to Pittsburg, Pa.
248
55«
Branches and spurs
Total main line and branches ... 1,085
Lines operated by lease or contract—
Har. Ports. Mt. Joy & Lan. RR.!
Dillersville to Harrisb., Pa.,etc.
United New Jersey RR.!
Trenton to Jersey City, etc
Philadelphia & Trenton RR.!
Allegheny Valley Ry.!
West. New York & Penn!
Connecting Railway!
Lines operated under contractBald Bagle Valley RR.!
Cambria & Clearfield RR.!
Southwest Pennsylvania Ry.!.
...
Pittsburg Va. & Charleston Ry...
Bel videre Delaware RK..!
Philadelphia & Long Branch RR.
Delaware River RK.4 Bridge! ....
Philadelphia* Brie RR.l
63
1426
262
548
37
94
38?
124
103
81
49
10
307
Reported Separately—
Phil. Baltimore & Washington!.. . 703
Nortnern Central Ry.l
418
West Jer. <fc Seashore RR.! (incl.
ferries, 2
m
.
831
163
)
Cumberland Valley RR.T
Long Island!
392
Atlantic Ry
88
Grand total east of P. & H
6.873
West ot Pittsburg Erie.
Bait. Ches.
(!
<fc
&
—
See each Co.)
Reported Directlv
Pitts. Cin. Chicago & St.
Miles.
Louis!... 1,621
Pennsylvania Company lines!
Total reported directly
1,340
ti.SdT
Reported Separately—
Grand Rapids & Indiana
lines! ....
566
Vandal ia RR
!7»7
Other lines (see Pa. Oo.statement) ftOS
Total system Jan. 1, 1905
10,<>o6
H See each comr any's statement.
Organization, Leases, &c— The charter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company controls
all the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. In 1900-1 the Penn. RR. purchased a large in
terest in the stook of Baltimore & Ohio RR., Chesapeake & Ohio Ry
and Norfolk & Western Ry. V. 70, p. 76, 231, 687; V. 72, p. 481,
581; V. 76, p. 484
In 1900 acquired most of the stook and income
bonds of the Western N. Y. & Penn. Ry. V. 72, p. 481.
The Baltimore & Ohio, together with the Vanderbilt interests, In
1901-02 came into virtual oontrol of the Reading Co. V. 76, p. 102.
The Western New York & Pennsylvania Ry. and the Allegheny Valley Ry. were taken over under lease in 1900.
In May, 1900,
purchased a majority of the Long Island RR. stook. V. 72 p. 481.
On April 1, 1902, Sohuylkill & Juniata was merged. V. "6, p. 484,
The Western Pennsylvania and other roads connecting with the main
line were merged Apr. 1, 1903, and the Pittsburg Va. & Charleston in
1905.
V. 76, p. 486, 594; V. 80,
Securities
p .1112.
Owned.—The total cost of these to January
1, 1905, was
$219,581, 161, manyof which are pledged to seoure Pennsylvania issues.
Revenue derived from these securities in 1904, $9,864,533.
'84 *85 '86 '87 '88 '89 '90 '91 '92 '93-99 1900 to May, 1905
J
P.O. ..J 7
5
5 5»fl
5
5 5ifl 6 6 5 y'ly. 6 per ot. yearly.
In 1893 paid also 2 per cent la BQrtp.
Divs...
—
.
/
RAILWAY STOCKS AND BONDS.
114
RAILROADS.
Miles Date
of
For explanation of column headings, &o., see notes
of
on
first
page of
Size, or
Amount
Par
Road Bonds Value. Outstanding
tables.
[Vol. lxxxi.
Bonds— Prinol
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
Pennsylvania RR. -( Concludedj—
1900 $1,000
Penn. Car Trust, gold, $700,000 paid yearly..
1900
1,000
Penn. Equipment Trust, g., $200,000 paid yearly
1901
1,000
do
do
$400,000 paid yearly.
1902
1,000
do
do
$400,000 paid j early..
1902
1,000
Penn. Steel Car Trust, g., $700,000 paid yearly..
1902
...
1,000
do
do
g., $300,000 paid yearly.
1902
1,000
Penn. 8t el Equip. Trust, g., $500,000 paid y'rly
1903
1,000
do
do
g. $500,000 paid y'rly
1903
1,000
Do Pa.St.Roll'g Stk. Tr , g., $500,000 paid y'rly
1,000
do
do
g $200,000 paid y'rly •• 1903
1889
r
5,000
Del. Ave. Market 1st mortgage
1892
r
1,000
Delaware Ave. Bloodgood property
M.F.o*&r .... 1893
1,000
Penn. RR. real estate pureh. money g.
1881
guar.. o*<fer
1,000
Pennsylvania Company— Bonds, gold,
1897
....
1,000
Gu.tr.etfs., $20,000,000, g.,gu. Pa. RR.,ser.A...r
1901
o*
....
1,000
ser. B.GP
do
do
do
1902
o*
....
1.000
ser. C
do
do
do
1904
....
1,000
ser. D., GP.
do
do
do
1,000
Gold loan, $1,334,000 dr. y'rly, g., gn. Pa.RR.GP .... 1901
Car trusts (June, 1905)
"ennsvlvania <& North Western— See Cambria & Cl EARFl ELD R Y.
47
100
Peoria a Bureau Vol.— Stk., 8 p. o. rent'l C. R.I.&P
Peoria & Eastern— Ind. Bloom. & W. 1st M.,pf .Cec&r 202 1879 100 &c.
Ohio Indiana & West. lstM.,pref.,g.,lnt. gu.Ceo* 342 1888 500 &o.
342 1890
1,000
P. & E. oonsol. M., $10,000,000, int. guar.Ce.c*
o 342 1890
1,000
2d oonsol. mort.. Income, non-oumulatfveCe
gold
20 1881
Ce.c
1,000
Peoria <£ Pekin Union— 1st mortgage,
20 1885
c
1,000
2d mortgage, gold.Ce
100
....
Marquette-Com stk.,5%rent.,$16,000,000
Pere
100
Preferred. 4 per cent rental, $12,000,000....
1905
1,000
Refund. M., $60,000,COO, g.,gu.,p<fci.,end.rec*<fer ...
1,000
Joint M., g., gu. (eeo.by C.C.& L.stk.)red.txt A Bo* .... 1904
.
,
$2,800,000
1,200,000
2.400,000
2.800.000
4 900,000
2.100.000
4.000.000
4,000,000
4,000,000
1.600,000
300,000
200,000
2,000,000
19,467,000
4,815,000
9,581.000
4,948.000
10,000,000
14^64,000
4,490,805
3^3 g.
3*2 g.
3*2 g.
313
313
3iflg.
3ia g.
3i« g
3-s g.
43,o
4*io
4
Q.-P.
Q.-M.
Q.-M.
Q.-F.
Q.-F.
M. & 8.
M. & S.
M. & N. N.
g.
g. J.
3-2 g.
3>*g
Girard Trust Co. Feb., 1907-10
do
do
do
do
do
do
Q.-J.
Q.-J.
4*2
3iflg.
Phila.,
Q.-M. Comm'l Trust Co., Phil, Dec, 1905-10
Q.-M.
do
do
June, 1906-11
Q.-M.
do
do
Mch., 1906-12
M.
F.
J.
J.
3*2 g M.
do
do
do
do
do
do
July, 1906-12
Oot.,
Aug., 1906-13
Mch.
Philadelphia.
Philadelphia.
Y., Farmers' L. & Tr.
J. N. Y., Nat'l City Bank.
S. N.Y. .Union Tr.
Phila.
&
&
& A.
& D.
& D.
& N.
&
do
do
1906-12
Dec, 1905 12
Mar., 190613
May, 1906-13
do
do
Philadelphia, Pa.
N. Y. and Philadelphia.
1,
Sept. 1,
May
July
1,
1,
Sept. 1.
Feb.
Deo.
Dec.
Nov.
1,
1,
1,
1,
1909
1912
1923
1921
1937
1941
1942
1944
1916
Various Various Phila., Gu. Tr. Co., etc. Various dates.
i
—
Pennsylvania RR. Co.— Concluded.
Bonds.— Consolidated mort. of 1873, st e Supplement of October,1901
The 4 per cent loan of 1881 is secured by Phila. Wilm. & Bait, stock
For gold 3^8 of 1902 see "General Finances." Mortgages and ground
rents payable Deo. 31, 1904. $6,900,167. V. 77, p. 1875; V. 78, p. 103.
General Finances.—In 1901 the authorized capital stock was increased by $100,000,000 to $251,700,000.
The stockholders voted on March 10, 1903, to authorize an Increase in the stock from $251,700,000 to $400 000.000, to be made
from time to time in the discretion of the directors. Of the stock, $20,980,350 was issued April, 1903, in exchange for convertible debentures. (See below.) In 1903 sold $75,094,750 new stock at $60 per
$50 share. V. 76, p. 383, 488. 594, 706, 1193; V. 77, p. 37, 770. In
1905, $1,106,650 stock was being issued in exchange for the South
west Pennsylvania Ry. minority stock per terms 1n V. 80, p. 24 58.
In 1902 were issued $50,000,000 10-year 3*2% gold bonds, dated
Nov. 1, 1902. of which $29,302,500 were converted in April
1903, into stock at $70 per share, and balance are convertible at option of holder Into stock at $70 per share on any subsequent interest
day, on 30 days' notice; they may be called for redemption at 102*2 and
interest on any interest day, but if called may be converted on basis
above stated. See V. 74, p. 577.
In March, 1905, stockholders subscribed at par for part of $100,000,000 of 3 * p. c. gold bonds, payable 50 p o. between May 1 and 5, inclusive, or optionally all at one time, and 50 p. c. between Sept. 25 and
30, inclusive, the balance of the issue belug taken by a syndicate.
The bonde will bo convertible at option of holder at any time after
Deo 1 1905, into stock at $75 per $50 share, unless previously called
for redemption on Dec. 1, 1910, or at any subsequent interest period
on 90 days' notioe, at par and interest; but when so called they may
be converted up to 30 days prior to the date named In said notice for
redemption. A part of the proceeds was used to retire the $27,4 80,000 6 p. c bonds maturing Juno and July, 1905; balanoe for improvements. See V. 80, p. 1112, 1236, 1913.
Da June, 1901, obtained control of the Pennsylvania and Cambria
8teel cos. 8ee "Industrial oos." and V. 72, p. 1280.
In 1904 the company was aotively constructing a passenger
electric tunnel railroad from Jersey City under the North River
to a central passenger station at 33d St. and 7th Ave., New Yoik City.
and thence under the East River to a connection with the Long Island
RR. in Long Island City. Completion of the work, estimated to oost
about $40,000,000, will take several years. The tunnel will afford entrance into New York City for the Pennsylvania Railroad and
Long Island RR. and permit the sending of through trains by rail direct
from the South and West to all points In New England via the bridge
from Mott Haven to Long Island, which is to be built by the New
York Connecting RR.; see V. 71. p. 913; V. 72, p. 1280; V. 73, p.
1264; V. 74, p. 380, 478, 831. 884, 1308; V. 75, p. 1203. 1302, 1355.
New bond issues of subsidiary companies in 1903-5 (see V. 77, p.
1534; V. 78, p. 584, 703, 1110, 1276; V. 79, p. 2457; V. 80, p. 1111,
1175, 1236, 13(14) include;
Phila. Bait. & Wash. 4s.
$10,000,000 Pitts. Va. & Charl. 4s, guar. $1,000,000
1,500,000
8
985,100
4
500,000
8,500,000
4,000,000
4
1,495,000
6 g.
4iflg.
1,499.000
16,000,000 See text.
12,000.000 See text
6,000,000
4g.
3.500,000
4 a.
8*
& A.
& O.
Q.-J.
A. & O.
F.
A.
See text
Q.-F.
M. & N.
See text
J.
J.
J.
&
&
&
J.
J.
J.
N.Y.,Ch.R.I.&Pao.RR. Augl0,'05,4%
N.Y. J.P. Morgan & Co. Apr. 1, 1940
do
do
Apr. 1, 1938
do
do
Apr. 1, 1940
4 p.o. paid Apr. 1, 1905 Apr. 1, 1990
Central Trust Co. Feb. 1, 1921
N. Y.,
do
do
Feb. 1. 1921
N Y.R.Wlnthrop & Bos July 3, '05 2»a
do
do
July 1, -05, 2%
New York.
Jan. 1, 1955
Am Lo.&Tr Co .Boston July 1. 1914
,
1904.
$24,741,630
$181,142
1903.
1902.
$24,821,893 $25,849,964
Payments—To trust fund
$149,424
$129,429
401.5^*0
401,810
Oonsol. mortgage redeemed...
402.100
Extraordinary expenses
6,225,923
9,477.728
12,505.000
$6,808,595 $10,028,962 $13,036,529
Balance to credit of inoome.. $17,933,035 $14,792,931 $12,813,435
17,933,035
Dlvldends(6%)
14.79 '.931
12.262,491
~
To credit of profit and loss
$550,944
BaLprotit and loss Deo. 31
$24,742,225 $24,742,225 $24,861,421
Officers— President, A. J. Cassatt; 1st V. P., John P. Green, 2d
V. P., Charles E. Pugh; 3d V. P., Samuel Rea; 4th V. P., J. B. Thayer
Jr.; 5th V. P. and Treas., Henry Tatnall; Secretary, Lewis Neilson.
N Y. offloe. 85 Cedar Street.
Directors— Alexander M. Kox, N. Parker Shortridge, Rudulph Wilis, Alexander J. Cassatt, Clement A. Griscom, Amos It. Little, William H. Barnes, Geo.
Wood, C. Stuart Patterson, Kffingharu B. Morns, Thomas OeWitt Cuyler, Jas
McCrea. Lincoln Godfrey, John P. Green. Charles K. Pugh, Sutherland M. Prevost (deed), Samuel Kea.-(V.81, p. 31, 727, 778, 841, 1044.)
Pennsylvania Company.— ( See Map Pennsylvania RR.)— Owns
no road in fee but has charge of ail the system of the Pennsylvania
Railroad Co. west of Pittsburg, viz.: (fl See this company).
Controlled by slock, etc.:
Leased by transfer from Pa. RR
Miles.
Balance
1
,
Long Island Kll.4s. guar...
Penn. Co *% p c. gu. notes.
17,891.000
Pitts. Cln. Chi.
&
St.
Louis.
9,<
00,000
VandalU KK
10.000,(00
....
Washington Terminal Co... 10,000,000
New equipment ordered in 1905, V. 81, p. 778, 841.
In Jan 1905, President Cassatt was elected a director of the New
York New Haven & Hartford. V. 80, p. 118.
In June. 1903, allied interests purchased $6,924,200 of the $11,000,000 Hocking Valley Ry. common stock; seethatCo. V. 77, p. 1225,
Latest Earnings.— Jan. 1 to Aug. 31 (8 months), directly operated:
Lines east of Pitts- ) 1905
Gross, $85,183,869; net, $23,992,556
burg&Erie. J1904
Gross, 76,476,669; net, 23,371,556
Lines west of P. & E. inc. or dec.. Gross, +4,803,300; net,
+718,000
Annual Report.— Fiscal year ends Deo. 31. Annual meeting Is held
at Philadelphia on second Tuesday in March. The report for 1904 was
given at length In V. 80, p. 99 t, 1002 see also editorial p. 965.
EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND BRIE.
1901.
Year ending Dec. 31—
1903.
1902.
$238,242,402 $242,517,758 $220,079,320
Gross earnings
66,784,708
Netearnlngs
67.138,320
67,539,511
Penn. Co. 3J*
p. c.
gu
50,0O0,0<
tr.certs. 15,t00,l00
.
,
f
;
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
1904.
1903.
Year ending Dee. 31—
1902.
3.748
Miles operated
3,724
8.706
$118, 145,270 $122,62^,419 $112,663,330
Gross earnings.
$36,342,282 $37,853,363 $37,612,259
Net earnlngB
9,864,534
9,462,569
Int. on Pa. RR. Investments..
8,118,861
261,498
221,482
253,543
Int. on United N. J. securities
434,858
421,537
394,700
Int. for use of equipment.
853,374
272,7 73
Miscellaneous
637,373
$47,756,546 $48,596,324 $46,652,136
Gross Income
$11,202,965 $12,097,233 $11,605,948
Deduot— Rentals
5,274,448
5,570,974
Interest on funded debt
5,095,883
100,210
114,366
Interest on stock allotment
197,059
2 14,208
172,319
Int. on morts. & gr'd rents
3,531,049
Car truot payments
2,050,480
4,210,571
.
Interest, general account...
Equlp.trustloan sink. fund.
136,400
State taxes and mlscellan.
2,091,506
1,861,958
Total
$23,014,916 $23,774,431
136,400
74,168
136,400
1,666,974
$20^02,172
Pittsb. Ft.
W.
& Chicago.. 17469-89
New Castle & Beaver Val..
Massillon & Cleveland....
4
1J14-98
1223
1184-47
Pittsburg
Cleveland & Pittsburg.... 1 201 74
Leased directly by Pa. Co.:
Erie
Pitts. Youngs. & Ash ta.... If 12509
Toledo Wal. Val. <&Ohio... 51236-04
Lndianap. & Vincen. RR.*KT37-44
Controlled by stock or otherwise:
Cleveland & Marietta
H 103 13
1527
Pitts. Ohio Val. & Cin.
351
Marginal RR.,Beav.F..Pa.
2198
South Chic. & Southern...
51-76
Branches W.N.Y.&Pa.Ry.
Pitts, Cin. Chlb.
&
&
St. L.1T1.366-48
Muskingum Val...
Waynesburg
Washing..
Cln.
<fe
& Nor
Grand Rapids &
11148-45
28-15
4571
Cin. Leb.
Indiana..
413-69
40 68
Musk Gr. Rap. &. Ind..
Traverse City RR
2600
Cin. Rich. & Fort Wayne 1185 83
Terre H... 1T158 80
St. L. Vand. A
Logansport <fe Toledo Ry..
9303
Terre Haute & Logansport 15936
Terre Haute & Ind'lis RR. 12322
Terre Haute A Peoria RR. 14512
Cleve. Akron & Columbus. 189*66
Wheeling Terminal Ry....
965
,
Louisville Bridge... >.....
Controlled jointly:
2-45
Central Indiana
HT 17-58
Pitts. Chartiers & Yough. . II 1977
1T23070
Total Penn. Co. lines... 1,47753 Tol. Peoria & Western
161-97
Traokage
Total of all lines
5,043-33
Operated by P. C. C. & St. L. Ry.
Organization— Chartered in Penn. April 7, 1870. Its $60,000,000
On Deo. 31, 1904, the Penn
stool) is owned by Pennsylvania Railroad.
sylvanla Co. owned sundry stocks and bonds having a value as per
balanoe sheet of $123,535,472, and yielding from Jan. 1 to Dec. 31,
1904, an income of $7,120,349.
'94
'93
'95 to 1900 '01 '02 '03 '04
DlVS. J'83 '84 to '91 '92
4
4
4
none
3
3
4
5
p. o. ( 4
Bonds.—The gold bonds of 1921 are secured by leases of P. Fort W.
6 C, the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds and
stocks having a par value in 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, "A," "B" and "O" were Issued by
Girard Trust Co., Philadelphia, as trustee, under a deed of trust made
by the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p. c guaranteed special stook of the Pittsburg Ft. Wayne & Ohioago
Railway Co. The total authorized issue of the trust certificates Is
$20,000,000, each series to be secured by deposit of shares of the
speoial guaranteed stock to an amount equal to the par value of the
series, the sinking fund having retired $470,000 to Oct., 1904. Bee
V. 65, p. 368, 572, 1116; V. 67, p. 1*2; V. 72, p. 339. 490.
The $9,800,000 guaranteed 3^ p. o. trust certificates, Series "D,"
sold late in 1904, are part of a $20,000,000 li-sue to be issued in series
and secured by an equal amount of Pittsburgh Ft. Wayne & Chicago
guaranteed stock. The sinking fund of the new issue, it was stated,
will not begin for 5 years. V. 79, p. 2457.
The $20,000,000 gold 3»» p. c. trust certs, of 1901 wore Issued to
pay for acquisition of stocks of the Pennsylvania A Cambria Steel companies. They are guaranteed, prinolpal and interest, by Penna. RR.,
and scoured by deposit of $15,000,000 Pitts. Cinoin. Chicago & St.
Louis preferred, $5,000,000 Norfolk & Western preferred and $5,000,000 Bait. & Ohio preferred stocks, and are subject to oall for redemption Nov. 1 annually by lot at par in 15 equal drawings. V.73,p.843,957.
On Oot. 1, 1905, the $50,000,000 of 4»s p. c. collateral betterment
notes were paid.
Report.— Report for year 1904 was in V. 80, p. 2618, showing
on 1,526 miles, $36,390,582; net, $10,347,220; other inoome, $7,120.
349; interest, rentals, etc, $12,279,639; sink, fund, $1,627,910; dividend (5 p. c), $2,000,000; bal., sur., $1,560,020. In 1903, gross, $36,602,934; net, $9,486,251; other Inoome, $5,960,576. In year 1904,
net inoome, $5,187,930; In 1903, net Inoome, $5,119.641.— (V. 80, p.
223,1112,1175,1424; V. 80, p. 2618; V. 81, p. 1044,1175.)
Pennsylvania &. North Wcmiic— See Cambria & Clearfield Ry.
Peoria to Bureau June, 111.,
Peoria &. Bureau Valley
47 miles. Leased In 1854 to Chicago Rook Island & Paolflo RR. for
$125,000 yearly; dividends, usually 8 p o. yearly, occasionally more.
RR.—
.
RAILWAY STOCKS AND BONDS.
Oct.. 1905.J
RAILROADS.
Miles
on
first
Size, or
of
For explanation of column headings, Ac., see notes
Date
of
Par
Outstanding
Road. Bonds Value.
page of tables.
Pcre Ittar*iuettc-(Co».)— Underlying Bonds.
480
380
280
400
235
Chlo.AWest Mich. gen. M. ($12,000 p. m.).NB.O'
D.Gr.R. AW., 1st con. (now 1st) M..law.m.OB o*
Flint* PereMarq. M. ($1,000,000 are 4s) gold..c
Consol. mortgage, g.Ce
Pt. H. Div.lstM. ($3,500,000),
Toledo Division, 1st mort., gold,
g.,
IB
o*
c*
o*
Ce
IB
& S. E.,
33
1st mort., sinking fund.
Western Equipment Co., call at par
Equipment bonds, gold, $76,000, due semi an..
Marquette equip't 1st M., guar., s. f. oall at par
East.equip.lstM.,g,gu. p Ai.,oallpar.text..**t.c*
Pere Marquette oonsol. M., $50,000,000...
202
..
Lake Erie
Detroit River Div., 1st M., g
Pere Marquette coll. tr. M., g., call par
66
Saginaw Tus. A Huron, 1st M., p. A i. guar.N...
28
Gr. Rap. Beld. A Sag., 1st M., gold, int'st rental.
c* Text.
Pere Marq. of Ind., guar. p. <fc i , call at 105
Marq. A B. D. AN., gu. p.&i. call 105, s. f ... o*
:
Perkiomen— 1st M., ser. I (lstl'n)g., gu.p. Ai. HeP.o' 38 3
1st M., ser. 2 (2d l'n) g., gu. p. A i. (end.) PeP.o* 38-3
Peterborough RR.— Stock (rental 4 per cent)
FcAr
Mo
*
—
Petersburg
RR — See
Phil.<tBalt.
Cent.— lstM.$2,500,000,$l,200,0004i«s
$1,000
L883
500AC
897
1880
1889
1889
1897
1891
1897
1
19
89
Ch.AN.Mi.lstM.,gu.p.Ai.endbyCh.AW.M.OBo*
Gr. Rap.Kal.
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1904
moo
1903
1901 1000 Ac
1902
1,000
1903
1900
1,000
1899
1,000
1903
1,000
1903
1,000
1888 100 Ac.
1888
1,000
100
Atlantic Coast Line RR.
73
Plalnbonds
I
by 1903
}
{
r
mortgage.
..r
Plain bonds, gold
Plain bonds, gold
I ..r
Bait.
Potomac 1st M.(tun.) g.,s.t., not dr'n x.o*
1st M., road, guar., gold, s. fd., not drawn... xo*
|
I
J
&
Peoria Ac Eastern Ry.— (See Map
Owns from Pekin, 111., to Indianapolis,
1881
1,000
50
Pkila. Baltimore <6 Wash.— Stock auth. $25,350,450
f.r
P. W. AB. (old Co.), plain bas.!
All secured
..r
Plalnbonds
I
1*3
92
Olev. Oin. Chie.
Dad., 202 miles,
1880
1887
1887
1891
1892
1871
1871
<6 St.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Louis.)—
and has alien
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, Pekin to Peoria, 9; total operated, 352 miles
Lease, Etc.— Formerly Ohio Indiana A Western, sold in foreclosure
Leased till Apr. 1, 1940, to
In 1890, reorganized per V. 49, p. 616.
Cleveland Cincinnati Ch. A St. L., which guarantees interest, but
not principal, of the first consols and the underlying bonds, and owns
one-naif the $10,000,000 stock, par $100. Se6 Supplement of Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,000 sto k of the Peo. A Pekin Union Ry., on which 6 p. 0.
yearly was paid 18951904. V. 74, p. 152.
Bonds.—See abstracts of mortgages of 1890 in V. 51, p. 246 and
of O. Ind. A Western mortgage, V. 47, p. 201.
Incomes.—Dividend on incomes 4 p 0. yearly, paid April 1, 1902, to
1905, both inolusive, from earnings of preceding oalendar year.
Earnings.— 8 months, )1905.
Jan 1 to Aug 31.
51904
.
.Gross, $1,778,636;
Gross, 2,017,519;
net,
net,
$399,116
483,500
Sur. over 8 mos. charges, $44,218 in 1905, agst. sir. $131 477 in 1904.
For 6 mos. ending Deo. 31, 1904, gross, $1,527,522, against $1,546.016 in 1903 net, $426,899, against $366,239 charges (not including
incomes), $267,481; bal., sur., $151>,418.
;
;
Annual Report.— For 1903-04 see lessee's report in
V. 79, p. 899.
* Interest.
Tear end. June 30. Gross.
Net.
1903-4
$3.0(59,693
$590,908
$564,260
1902-3
2,947,237
641,367
564,260
'Includes $160,000 (4 p. 0.) int. on incomes.
-(V. 77,
p.
Peoria
Peoria
296, 824; V.
899; V.
79, p.
80,
Balance.
$20,648
77,107
p 1363.)
Pekin Terminal Ry.—See Street Railway
3c Pekin Union Ry.— Owns Pekin to Peoria,
6c
Supp't
on both
sides of Illinois River, and yards at and opposite Peoria. Mileage main
traok, 1814; second main track, 8-80; total main traok, 2694 miles
Mileage of side and yard tracks, 53-71. Capital stock, $1,(;00,000.
Owned by Peoria Eastern (Cleveland Cin. Ohio.
St. Louis system)
A
A
A Northwestern, Ohio. Peoria A St Louis, Ulinoie Central
system, Lake Erie A Western and Toledo Peoria A Western oompanies.
Dividends 1895-1902, 6 p o. per annum; 1903, 4 p. 0. Earnings for
cal. year 1904. <ross, $922,550; net, $2 6,642; charges, $181,017;
balance, sur., $65,6 i5— (V. 74, p. 152.)
Chicago
Pere Marquette
RR.— (See Maps, pages 4 0,
Miles.
Lines owned in fee.
Alexis (near Toledo) to Ludington on Lake Michigan.. 365
La Crosse, Ind. to Bay View,
Mich
Detroit to G'nd Rapids, Mich.
Saginaw A Port Huron
Pt. Huron to Grindstone City.
Grand Ledge to Big Rapids
Allegan to Pentwater
Walkerville to St. Thomas ...
Sarnla, opposite Port Huron,
to Rondeau..
.
466
167
4 1.)— Includes
:
Miles.
Other lines, branches, eto
Porter to Clark Jet., Ind
Trackage.
Trackage Courtright Jet. to
International Bridge and
Niagara, N. Y
Leased (G. R. Kal. AS.E.)-
297
21
71
121
125
167
Rapld City to Stratford ....
133 London A Port Stanley
125
Total
200
40
24
2,396
74
The Pere Marquette Steamship Co. operates oar ferries Milwaukee
to Muskegon, and Ludington and Manistee to Milwaukee, etc.; Marqu.
A Bes. Dock A Nav.; also on Lake Erie, between Rondeau and Conneaut.
V. 76, p. 383; V. 78, p. 103.
Lease, Etc. -In 19J4 the Cincinnati Hamilton A Dayton acquired
$12,854,500 of the $16,0CO,0o0 common stock, and later leased the
propeity for 9 '9 y^ars from Mar. 1, 1905, the common stock being
guaranteed 5 p. c. and the preferred stock 4 p. 0. dividends. V. 80, p.
163, 998, 172*.
The Pore Marquette and Cin. Ham. A Dayton acquired the entire
Ftock of the Chicago Cincinnati & Louisville by the issue of $3,500,000
joint collateral trust bonds.
Perpetual traffic rights and use of terminal facilities over the
tracks of the Toledo Railway & Terminal Co. have also been secured, providing a physical connection between the Cin. Ham. <s, Dayton and the Pere Marquette, the two latter guaranteeing the $3,5 >0,000 Tol. Ry. A Term. 412 per cent bonds, jointly and severally, prin
oipal and interest. V. 78, p. 2443, 2600; V. 79, p 213,968; V. 81, p 899
Organization.— A consolidation in 1899 of Chicago A West Michigan Ry., Detroit Grand Rapids A Western RR. and Flint A Pere Mar
quette RR., per plan in V. 68. p. 1024, 1181. A 99 year agreement for
trackage with the Mich. Cent and Canada South, from Courtright Jno.
to International Bridge and Niagara, 200 miles, extends the liue
easterly to Buffalo, from July 18. 1904 V. 77, p. 2097; V. 78, p 2S0<).
The Manistlque Marquette
North., Manistique to Sliinglrton, 40
miles, with branch to McNeil's, 13 miles, was sold in foreclosure Sept.
21, 1905, and presumably purchased in the interest of the Pere Marquette. V. 78, p. 2012. The Chic. Terminal Transfer facilities are
used. V. 77, p. 948, 1534, 2098.
;
&
Stock.— Authorized $16,000,000 common and $12,000,000 4
non-cum.
pref.;
Amount
p.
o
outstanding common $14,145,500, preferred as in table.
Rate
115
Bonds— PrluoiINTEREST OR DIVIDENDS.
pal.When Due
per When Where Payable, and by Stocks— Last
Whom.
Payable
Cent.
5
$5,758,000
4
5,379,000
4 g.A6 g.
5,000,000
5 g.
2,850,000
5 g3,325,000
5 g400,000
1,667,000
5
200,000
5
6
53.000
4iag.
1,368.000
485,000
5
2,940,000
5 g.
4 g.
8,382,000
3,000,000
4^ g2,870,000 3 to 4 g
1,000,000
4 g.
260,000
5 g4 g.
675,000
4 is g396,000
799,600
5 g.
1,125,000
5 g.
4
385,000
2,200,000 4ia A 5
23,493,550 4 in 1901
5
1,000,000
4
1,000,000
4
1,000,000
930,000
4 g.
4 g.
1,000,000
1,500,000
6g.
3,000,000
6g.
A
J.
M.
&
A.
A.
A
A
A
A
A
A
A
A
A
M.
A.
J.
M.
A.
A.
A.
A.
&
A
&
&
M.
Dividend.
D. N.Y..Un.Tr., A Boston.
O. 2d Nat. Bank, Boston.
O. N.Y., R.Wlnthrop AOo.
do
do
N.
O.
do
do
J. Intern'l Tr.Oo., Boston.
N. Bos., Nat. Webster Bk.
S.
N. Y., R. Winthrop&Co.
A.
M.
J.
A.
J.
A.
do
J.
A N.
A D.
A D,
A O.
A N.
A J.
A O
A J.
A O,
J.
J.
May
Apr.
July
May
1,
1,
1,
1,
1,
1,
1,
1,
1.
1921
1946
1920
1939
1939
1937
1931
1907
1909
2,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1908
1951
1932
1923
1931
1924
1943
1933
1918
1918
O. Int'l Trust Co.. Boston Oot.
Apr.
O.
50 State St., Boston.
O. N.Y.. R.WinthropACo. Ap.'06-Oct.'14
().
50 State St., Boston.
Oot. 1, 1910
do
A. N. Y., Mor on Trust Co
F.
,r.
J. St. L.-Union Trust Co.
F. A A. N. Y., Bee A Tr. Co
M. A S. Int'l Trust Co.. Boston.
M. A N. N. Y., East'n Trust Co.
A. A O N. Y., East'n Trust Co.
Q.-J. Phiia. Reading Ter.Bld.
do
do
Q.-J.
Nashua, N. H.
A. A O.
.1
Dec.
Apr.
Oot.
Phila.. Perm. RR. Co.
Phila., Broad St. Stat'n.
Mar.
Jan.
Aug.
Jan.
Aug.
Mch.
May
Apr.
Jan.
Jan.
Oct., 1905,
2%
Nov.-l, 1911
J'ne30,'05,2%
Phil.Of.;Bost.,Kid.Peab June 1, 1910
Apr. 1, 1917
do
do
Broad
St. Stat'n
Nov.
do
do
Bait. Office and London.
do
do
Jan.
Phila.,
do
do
Oot.
July
Apr.
1,
1,
1,
1,
1,
1922
1926
1932
1911
1911
Dividend.— On pref., 1901 to Feb., 1905, both inol., 4 p. 0. yearly
On common, 1903, 2 p. 0.; 1904, Mar., 1 p. 0.; 1905, Apr,,
1 p. 0. Dividends payable under lease, J. A J.
Bonds— The refunding 4s of 1905 ($60,000,000 authorized issue) are
issued and reserved as follows (V. 80, p. 163):
Sold, being guaranteed, p. Ai by Cin. Ham. & Dayton
$6,000,000
(F.AA.)
,
Reservei to retire ($ for $> prior liens at maturity (no further bonds to be issued under the prior mortgages and
none of the prior lien bjnds to extended at maturity)
46,394,000
Remainder to be issued for certain terminals, extensions,
docks, equipment, etc., specified in the mortgage, but
for other improvements only at a rate not exceeding
7,606,000
$500,000 per annum
The collateral trust gold bonds of 1902 (limited to $2,870,000) are
secured by the entire.capital stock ($1,400,000) of the Lake Erie &
Detroit River Ry., the National Trust Co., Limited, of Toronto, being
trustee, and are subject to call on any interest day on 60 days' notice.
They bear interest at 3 per cent to Deo. 1, 1905, and thereafter 4 per
oent to maturity. V. 75. p. 1302; V. 76, p. 213.
Lake Erie ADetroit River Division mort., V. 76, p. 1356; V. 77, p. 89.
The Pere Marquette RR, of Indiana 1st 4s of 1903 (authorized issue,
$3,000,000, Eastern Trust Co. of N. Y., trustee,) will cover the road to
be built from New Buffalo, Mich., to Hammond, near Chicago, 46
miles, and be issuable at $25,000 per mile for single and $10,000 additional for double track, $500,000 being reserved for Chicago terminThe first Issue ($575,000) will be for 23 miles from New Buffalo
als.
to Porter, Ind. V. 76, p. 919, 1193. See form of guaranty, p. 1356.
The Marquette A Bessemer Dock A Navigation bonds (Eastern Trust
Co. of N. Y., trustee,) are guaranteed jointly, principal and interest,
by the Pere Marquette and Bessemer & Lake Erie. They are subjeot
to call In whole or part at 105, and 1 p. 0. must be called yearly for
the sinking tund at the same price, if not purchasable at a lower
figure. V 76, p. 480, 594, 706, 922, 1034. Form of guaranty, p. 1358.
The Buffalo A Niagara RR. A Term. Co. mortgage. V. 76, p. 1031.
The Eastern Equipment 5s of 1903 are in two series -A for $1,500,000 and B for $2.0 0,000 the entire issue may be called on 6 months'
notice and $75,000 of the As and $100,000 of the Bs are redeemable
Mar. I yearly. V. 76, p. 866. Form of guaranty V. 77, p. 90. In Oot.,
1904, $1,520,000 equipment 4ks were sold. V. 79, p. 1642.
As to joint Pere Marquette and Cin. Ham. A Dayton bonds Issued
for Chic in. A Louisvile, see that company.
There are also $54,000 series B equipment bonds maturing Oct. 1,
1908, and $112,000 Lake Erie A Detroit River Equipment 5s of 1904.
Earnings- For 8^ nms. ending Mar. 14, 1905, gross, $8,959,681
aga nst $7,820,042 in 1903-4.
Report.— Report for 1903 at length was in V. 78, p. 1904, 1911.
Fiscal year now ends June 30.
1903.
1902.
1901.
Fear ending Dee. 31—
Gross earnings
$10,387,560 $9,955,375 $9,201,175
7,510,534
Operating expenses and taxes .... 7,168,501
7,110,212
;
t
Netearnings
net land receipts
$3,219,059
86,100
$2,444,841
Total net income
$3,305,159
1,700,484
<4> 420.238
(2)283,304
515,533
$2,444,841 $2,141,482
1,451,705
1,356,389
(4) 420,416 (4) 420,446
Add
Deduot— Interest
Dividend on pref. stock
Div.on com. stock
Equip, bonds paid, diso't, etc
359,244
$2,090,963
50,519
152,500
Balance, surplus
$385,600
$213,476
$212,147
lines in Canada (223 miles), were:
Taxes.
Int. charges.
Gross.
Net.
Ba'., sur.
Tear
1903. ...$11,356,435 $3,871,092 $403,930 $1,850,4-4 $1,616,678
1902.... 10,590,415
2,979,021
397,070
1,596,038
985,913
Officers.— Chairman, George H. Norman; Prest., Russell Harding,
Cincinnati; Vice-Prest., Mark T Cox, N.Y.; Uen. Mgr., William Cotter;
Treas J. E Howard: 8ec'y, Th^s. J Walsh; Asst. Seo'y and Asst.
Treas., I. L. Carroll, 15 Wall St., N. Y. Directors, Mar., 1905, V. 80,
p. 1059.— (V. 80, p. 601,998, 1059, 1729, 2458; V. 81, p 1044)
PerKlomen RR.— Owns from Perkiomen Junction, Pa., to Emaus
Junction, Pa., 383 miles.
Stock, $1,500,000 (par value of shares,
$50); owned by the Reading Co. and mostly deposited under its Jersey Central collateral 4 per cent mortgage of 1901. V. 72, p. 283. Reorganized in 1887. In year 1903-04, gross, $492,832; net. $260,114;
interest and taxes, $110,730; bal., sur., $149,384.— (V. 72, p. 283.)
Peterborough RR.—Wilton to Greenfield, N. H., 10^ miles.
Leased April 1, 1893, to Boston A Lowell for 93 years at 4 p. c. on
stock and expenses. Capital stock $385,000; par, $100; div., A. O.
For system, the earnings, includ'g
,
Philadelphia
6c
Baltimore Central
RR.— West
Fnila. to
Ootoraro Jo.,Md., 63 miles; Wawato Westchester, Pa., 9 m. (double
track, 11 m.); branoh, 2 m.; leased, Chester Creek RR., 7 m.; Phila.
Baltimore A Washington holds $2,497,150 of the $2,499,147 stook;
For 1904 gross earnings, $1,073,035; net, incl. other income, $167,084;
charges, $173,384, bal., def., $6,320
Philadelphia Baltimore
«fc
Washington RR.— (See Map
Penn. RR.j— Operates from Philadelphia to Washington. D. O, and from
Wilmington, Del., to Delmar, Del., with branches as follows:
—
'
*
,
.
RAILWAY STOCKS AND BONDS.
116
|
Vol. lxxxi.
CySt^^^
Forest
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RAILWAY STOCKS AND' BONDS
.
.
RAILWAY STOCKS AND BONDS.
118
RAILROAD8.
Miles
of
For explanation of column headings, Ac., see notes
on
first
Date
Size, or
of
Par
Amount
Outstanding
Road. Bonds Value.
page of tables.
£ Wash (Con )— M.,$20,000,000,g.Moc*&r
PfiUa.<£ Ohes. V.~ lstM.,pf.,old 5s, red.'96,g. PePo*
1st m., old 4s, not pf., int. reduc' in '96, g.PePe*
210
Phila.
307
307
307
307
Phila Bal
<t Brie— Common stock ;$10,000,000 author.)
Special stock, 7 per cent
Gen. M. (now 1st) gold, guar. p. & i. by Pa. RR..C
r
do
do
($5,263,000 are 5s)
Phila. <e Frankford—1st M., $500,000, gu GnP.o'
Phila. Oerm. <£ Norrist'n—Stock rental., P. & R. Ry.
Phila. Harrisburg <t Pittsburgh— \$,%~NL., gold.. o*<fcr
o
Phil. Newt'n dkN.Y
1st M.,gold (see text)
Bonds— Prin oiINTEREST OR DIVIDEND.
pal.When Due.
When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
Rate per
1904 lOOO&c. $10,570,000
4 g. M. & N. N.Y.Am.Ex.N.Bk,&Ph. Nov. 1, 1943
1888
$500
280,510
A. & O.
Philadelphia.
Apr. 1, 1938
i g A. &
500
1888
100,000
3 g.
do
do
Apr. 1, 1938
O.
50
7,985,000 See text. Semi an Phila., Broad St. Stat'n. J'ne30,'05 3%
50
2,400,000 7 in 1904 Yearly. Phila., Broad St. Stat'n. Deo.31'04,7%
1869
1,000
8,680,000
do
and London. July 1, 1920
6g. J. & J.
1869
1,000 11,143,000 4g.&5g. A. & O. Phila., Broad St. Stat'n. July 1, 1920
1892
1,000
500,000
4g. F. & A. Phila. Comp'y's office. Aug. 1, 1923
50
12
2,246,900
Q.-M. Phila. „Mar.<teMer. Bldg 8ept. 5,'05, 3%
1890
1,000
2,000,000
5 g. A&015 Phila., Comp'y's office. Oct. 15, 1925
1892
1,000
1,417,000 See text. A. & O.
do
do
Oot. 1, 1942
...a
100
10
See text.
Q.-J.
<fi
—
.
-
Cincinnati Chic.
Preferred stock
Union
<£ St.
Louis— Coxa, stook
& Logansp'tl8tM.(U'n City to Logans. )..o*
& Pitts con,M. ($22,000,000)g. IJn.c&r
Chic. St. L.
1,095
1,095
93
580
1885
1900
1,000
1,000
50
50
1890
1893
1897
1899
1897
1898
1*99
1900
1901
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1905
1892
1,000
» * -
•
1865
J 883
100
100
1,000
1,000
Lines owned—
Lines controlled, leased, etc.—
Miles.
Philadelphia A Bait. Central^- 80
Wash ,D.C.,vla
Baltimore (all double track*. 136 Delaware RR.ff
249
Bowie to Pope's Creek, Md
49 Delaware Md. & Va.U
98
branches to Delaware City, etc 27 Other lines (5)
65
Philadelphia to
704
see this company)
Organization.— A consolidation Nov. 1, 1902, of the Philadelphia
Wilmington <fe Baltimore RR. and Baltimore
Potomao RR. V. 75,
p. 395. 1032. See Washington Terminal Co. on another page.
Stock.- Stock authorized, $25,350,450; outstanding Jan. 1, 1905,
*23,489,150, of which $23,486,350 owned by Penn. RR; of the stock,
Total
(V,
&
$3,000,000 was exchanged in 1903 for Bait & Pot consols, and $5,425 is reserved for the stocks of the old companies not yet exchanged.
Dividends. < '88 '89 '90 *91 '92 '93 '94 '95 '96 to '02.
Since,
(P. W.&B.)?
see below.
7% 7 6 6 7 7*2 7 6^
7
Since consolidation. 2 p. c Dec 31. 1902; since, 4 p. c yearly (J<SrI>).
Bonds— The nr.-rt mortuasre of 1903 $20,000,000 authorized) Is a
first lien on the Philadelphia Baltimore division, 1 17 miles, all doubletracked, and also secures pari passu the $4,930,000 debentures of the
former P. W. & B. (see p. 4 of Slip, of April, 1895). and is a second
lien on the line from Baltimore to Washington. Of the bonds $10.570,000 wete sold, the prooeeds to be used chiefly in connection with
the new terminals and approaches in Washington, the balance being
reserved to retire the debentures and Baltimore & Potomac bonds.
V. 78, p. 49. Mortgages, etc, 1904, 8200,978.,
Earnings— 8 months, ) 1905
Gross, $9,553,816; net, $2,270.1
Jan. 1 to Aug. 31.
{ 1904... Gross,
8,9^0,21'; net, 2,288,820
Report.— Statement for 14 raos. ending Deo 31, 1904, was in V. 80,
showing,
gross, $13,603,86:1; net, $3,613,892; other inp. 1475.
come, 605.S26; int.. taxes, rentals, etc., $2.0' H),639, dlvs. (4 p. o.)
$939,566; bal., sur., $1,180,513. all applied to extraordinary expenditures.-lV. 80, p. 1112, 1475; V. 81, p. 32.)
Philadelphia & Chester Valley
Road from Bridgeport
to Downington, Pa., 239 miles. Chartered in 1888. Capital stock (par
preferred, $205,100; total, $755,100, of
$50) is, common, $550,000
which Reading Company owns $454,450 common and $205,100 preferred, of whloh $450,000 common and $205,100 preferred are deposited under its general mortgage of 1897.
The Reading Company
guarantees the bonds, with interest reduced. See V. 63, p. 1064.
Philadelphia 6c Erie RR.— (See Map Penn. RR.)— Owns Sunbury
to Erie, Pa., 288 miles; branches. 19 m.; double track. 157 miles
Organization, Lease, <fec— Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net reoeipts paid ae
rental. Pennsylvania RR. owned Deo. 31, 1904, $3,499,800 oommon
and $2,400,000 special stock and $3,944,000 general mortgage bonds.
Dividends, %.—
*9i "95 "96 '97 '98 '99 '00 '01 '02 '03 '01 1905
Speoial stock..
None
4
7
7
Common stick
2
None
2
4
4
4 June. 3
Earnings.- 8 months, ) 1905.... Gross, $5,163,011 net, $1,410,951
Jan. 1 to Aug. 31.
1904.. .Gross, 4,959,720 net, 1,690,500
S
Anndal Report.— Report for 1904 was given in V. 80, p. 1476
Year end. Dec. 31—
1904
1903
190.2.
1901.
Gross earnings
$7,678,306 $7,781,186 $6,423,192 $6,789,689
Total net Income
2,458,018 2,459,237 2,110,335 2,725,740
Interest on debt
1,019,150 1,019,150 1,019,150 1,019,150
Div. on special stock
lGs.oOO
168,000
168,000
168.000
Div. on com. stock.... (4%) 319,400(4)319,400(4)319,400(2) 159,700
Interest on equipm't, <fec.
798,044
790,447
588,018 1,202,722
-
;
RR.—
;
24
777
Balance
sr.$153,424 sr$16v>,240 sr.$15,766sr.$176,168
-(V. 79, p 2206; V. 80, p. 712, 1 47«, 2622.)
Philadelphia 6c Frankford RR.— Owns from Crescentville to
Frankford, Pa., 26 miles. The $500,000 stock Is owned by Reading
Company of which $498,950 is deposited under its mortgage of 1897.
In 1898 Interest on bonds reduced from 5 to 4 per cent, principal and
interest being guaranteed by Reading Co.-(V. 67, p. 1358, 1357.)
Phila. Germ. 6c Choanal Hill RR.— See Connecting Ry.
Germantown
RR.—
Philadelphia
6c Norrlstown
Phila.
Pa., to Norrfstown and Germantown, Pa., 20-96 miles; second track,'
miles; 3d traok, 302 mtlss; total track, 95 m.; leases Plymouth
2035
RR.. 9 miles. Leased Nov. 10, 1870, to Phila. <te Reading for 999 years;
rental, $277,623, including $8,000 yearly for organization expenses.
Philadelphia Harrisburg
<k
Pittsburg
RR.— Harrisburg,
Pa., to Shlppensburg, on the Western Maryland RR., 47 m; 2d track,
14 54 tv.; sidings and laterals 16 97 miles. Leased October 15, 1890,
for 999 years at 5 r>. c on stock, interest on bonds, taxes and
expenses to the Philadelphia <fc Reading RR., whtoh by endorsement
on each guaranteed the bonds, principal and interest. Lease assumed
1896 by Philadelphia & Reading Railway Stook, $2,000,000 (par
S50),owned by Reading Co., of which $1,995,000, along with $1 ,47'2,000
of the bonds also owned by the Reading Company are deposited under
Its general mortgage of 1897.
Mortgage is for $2,000,000.
in
Philadelphia
Newtown
6c
Vol. lxxxi.
-
30
47
—
22
Philadelphia <£ Reading Ry.—See Reading Comp ANY.
27
Phila. <6 Trenton— Stock 10 p. c. rental. Perm RR.
Piedmont
Cumberland— See Western Martlan D.
75
Pine Oreeh— 1st M., guar, prin. and interest (end.)r
8
o
Piqua <t Troy— 1st M., $2!i0,000, g., gu. p. & i
Pittsburg Bessemer <k L. E.—Com., 3 p. o. rental
Pref. stock, 6 per cent cum., guar, by rental
134
Pittsb. Shen. & Lake Erie, 1st mort., gold-Ccc*
151
Consol. 1st mort., for $4,800,000, gold.Ce ..c*
193
Pitts. B. & L.E., consol. M., $10,000,000, g.Us.o*
193
Debentures, gold, $2,000,000. See text. V Pi...
Bessemer equipment trust. UP1
Conneant equip, trust, part due yearly, g.FPI..
Shenango equip, trust, part due yearly, g UPI
....
Greenville equip, trust, $100,000 due y'ly, g. UPI
....
Butler equipment trust. $2,050,000 UPI
as/.— 1st M„ $10,000 000, gold K
Pittsb. Bmgh. <£
19
PUtsb. Charts You.— r4en.M.$l,000,000,g.,gu.FPI
-itisb'g
|
New York RR.— Philadelphia to
Newtown, Pa., 22 miles; sidings and laterals, 3-90 miles. Stockcommon, $1 ,225,000; preferred, $400,000; par, $50. Of the bonds,
$849,100 (with coupons only partly paid— see V. 64, p. 331), are owned
by the Reading Co. and deposited under Its general mortgage of 1897
In Ootober, 1898, interest on $507,000 bonds was reduoed to 3 ,per
Phila.,
Company'sOfflce July,
&
&
&
&
&
&
&
&
&
&
&
&
&
&
D. N. Y. Gd. Cent. Station.
N. Un. Sav. Bk. & Tr., Cin.
<&
3,500,000
6
225,000
4 g.
10,000,000
3
2,000 000
6
3,000,000
5 g657,000
5 g.
6,343,000
5 g.
2,000,000
5 g.
75.000
6
180,000
6
581,000
5
1,000.000
5
2,050,000
5
See text.
5
316,000
4
24,780,350 3 in 1905
27,454,600 4 in 1905
623,000
7
1,506,000
5 «r.
O. N. Y., Union Trust Co.
do
do
o.
'05,
2%%
1, 1932
Nov. 1, 1939
Co.'s office. Oct. 1, '05, li«
Deo.
O. Check from
D.
do
do
J'nel,'05, 3%
O. N. Y. Central Trust Co. Oct. 1, 1940
1, 1943
1, 1947
D. Un. Trust Co., Pittsb'g. June 1, 1919
do
July 1, 1906
do
J.
Tr., Pittsb'g. Mch. 1, 1906-8
8. Fid. Tit.
O. Union Tr. Co., Pittsb'g. Apr. 1, '06-'13
N.
do
do
1, 'll-'20
do
Apr. 1, 1921
O.
do
July 1, 1955
J.
Pittsburg, Office.
Apr. 1, 1932
o.
A. IN. Y., Farm. L.
T. Co Aug.l5,'05,li«
J. N.Y.,Farmers' L'n&Tr, Julyl5,'05,2%
do
J.
J.
<fe
N. Y.,
TJ. S.
do
Trust Co.
July
Jan.
&
May
I
&
&
&
&
Dec, 1905
Oct.
1,
1933
cent, from April 1, 1897, and made a first charge, that on remainder
of issue being left at 5 per cent subject to said agreement. V. 68, p.
773. Current liabilities June 30, 1905. $410,489. Year ending Jane
30, 1905, gross, $134,170; net, $34,765; oharges, $17,850.
Philadelphia
Philadelphia
& Reading RR.— See Reading Company.
RR.—
Phila. (Kensington), Pa., to
6c Trenton
Morrlsville, Pa., 24 miles, mostly four-traoked, and branch 3 miles. On
30, 1871, leased, with the United Cos. of N. J., for 999 years to the
Penn. RR. at 10 p. c on $494,100 stock, the total Issue being $1,259,100, the balanoe being owned by the United RR. of N. J.
June
Piedmont
<fc
Cumberland Ry.— See Western Maryland RR.
Pine Creek Ry.—Owns
Stokesdale Junction, on the Fall Brook
Road, to Newberry Junotlon, Pa., 75 miles. Organization.—N. Y.
Oentral oontrols the capital stook and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable quarterly, Q.-F., bond
interest and taxes.— V. 68, p. 379,573, 773, 872. The 1st mortgage is
guaranteed by the Reading and the New York Central, Jointly and
severally. See form of guaranty, V. 56, p. 650. Stook, $1,000,000
(par, $50); July 1, 1905, N. Y. Central owned $999,000.— (V. 68, p. 573.)
Pittsburg Hcsseincr &. Lake Erie
Bessemer, Pa., to
Conneaut Harbor and Wallace Junction, Pa., 153 oiiles; terminal in
Erie, etc, Pa., 2 miles; branches, 21 miles; leases Meadville Conneaut
Lake & Linesville RR., Linesville to Meadville, 21 m.; trackage to Casoade, near Erie, etc, 12 m.; total. 209 in
(32 miles double-traoked.
Organization, Etc.—A consolidation Jan. 14, 1897, of the Pittsburg
Chenango & Lake Erie and the Butler & Pittsburg. Boat lines to
Canada, see V. 77, p. 1228; V. 76, p. 1358, 922; V. 61, p. 241, 795.
Of the stock $5,500,500 com. and $500,100 pref. are owned by the
Carnegie Co. and deposited under its collateral mortgage. Leased
for 999 years from Apr. 1, 1901, to the new Bessemer & Lake Erie
RR.. a subsidiary organization of the ;arnegle Co. for 6 per cent on
pref. and 3 p. c on common stook, Interest on bonds and organization
expenses, etc, the lease being guaranteed by the Carnegie Co. V.
72, p. 137. Through Carnegie Co. is controlled by U. 8. Steel Corpo'n.
Bonds.— Debentures of 1899 may be oalled after Jane 1, 1909, upon
company paying ^ per cent for each year of unexpired term.
The P. B. & L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.), ooverlng all the railroad, property, rights and
franchises of the consolidated company, lnoludlng the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the 5s of
1897 $4,800,000 reserved to retire Pittsb Sjhenango & Lake Erie bonds.
Earnings.— For 6 mos ending June 30, 1905. Bess
E., gross,
$2 097,656. agaiu8t$1.250.155 in 1901; net, $87i,li0 againut $338,445 In 1904 Bess. & Lake Erie gross, $4,277,146, against $4,122,7/6
In 1903; net, $2,132,532, against $1,798,331— (V. 75, p. 1203.)
Pittsburg Ringharn ton
In July, 1905,
Eastern
under construction from Blnghamton, N. Y., to Ansonla, Pa., 143
miles, connecting on the west with the Buff Roch. & Pitts, and on the
eait with the Dei <fe Hudson, Del. Lack. & West Erie and o her lines.
Will shorten the haul, it is olalmed.over 100 miles between Pittsburgh
and New Eugland. Control* 5,000 aores of Kittanulng vein soft coal.
A syndicate headed by E. H Gay <8> Co. will finance tbe enterprise.
Stoi K, coinmou. $'\000,000; pref $5,000,000, of whioh *1,000.000
to be held In the treasury. Bonds (see table abov«), $10,000,000, of
which $4.i>00.000 h^ bot-iisold and a f irther $1,000,000 may he Issued, if iiHoessary, on the 143 miles under construction, the remaining
$5,000,000 to be issu d only for additional mileage. V. 81, p. 212.
RR.—
&L
.
RR.—
&
,
,
Piesident, F.
A
Sawyer.— iV.
81, p. 212).
PHisburg Charticrs & VouKhlogheny Ry.— Owns from CharBeechmont, 19 m. trackage (Chartlers Ry.), 2 m.; 21 miles In
Stock outstanding, $700,000,owned jointly by guarantors mentioned below. Dividends— In 1895, 4 p. c; 1896, 11 p. c; 1897, none;
1898,7 p.c; 18:i9, 1 p. c; 1900, 4 p. c; none since. Of the 4s half
St Louts, the other
are guaranteed (endorsed) oy Pitts. Cin. Chic
See guaranty, V. 56, p. 650.
half by the Pittsburg & Lake Erie
For 6 mo- ending June 3D. 1905. gross, *129,213. against $98,717 in
tiers to
:
all.
<fe
:^>04; net, $41,503, against *26,39^.
In year ending Deo. 31,1901,
gross, $242,996; net, $79,194; Int., etc, $40,285; improvements,
$33,189; sur., $5,720.
Pittsburg Cincinnati Chicago
6c St.
Lines owned.
Lines leased
Miles.
Louis ily.— (See
— Con.-
Map.)
M\U».
Ohio Connecting Ry
Pitts. Wheeling & Ky
28
Eng. Connecting Ry. in Chio.
8
Other lines
1
Branches
Operated under their own
organization—
Total owned
1,111
Pittsburg Chartlers & YonghTrackage—
iogheny Ry
21
Indianapolis to Kokomo
54
148
other
3 Clnoin. & Musk. Val. RR
28
Lines leas' d(H Bee these co's.) Miles WaynesburgA Wash. RR....
23
IK'hartlers
194
Total of all Jan. 1, 1905. ...1,621
liLittle Miami
Organization, &a— Formed in 1890 by consolidation (per terras In V.
50, p. 875) of Chicago St. Louis A Pittsburg, Jefferson ville Madison A
Indianapolis, Cincinnati <fe Rlohmond and Pittsburg Cin. & St. L. Controlled by Pennsylvania Company, which on Jan. 1, 1905, owned $17,644,200 pref. and $14,587,500 common stock. As to Interest in ma.orlty of Hocking Val. common stook, see that company.
Pittsburg, Pa., to Chlcagclll.
Rendcoiub Jo. to Anoka Jo...
Bradford Jo. to Indianapolis.
Indianapolis to Jefferson ville
509
166
104
108
223
Oct., 1905.
RAILWAY STOCKS AND BONDS
I
19
c
RAILWAY STOCKS AND BONDS.
1-20
RAILROADS.
Miles
for explanation of column headings, Ac, see notes
on first page of
tables.
Gin. Ohic.
Jeft'nvllle,
<£
Mad. A
,
|
l"F,
PUtsb.Ft.
d
Wayne d 0.— Gen.
o*
seriesGtoMS tive, not drawn.
do
2d
3d mortgage
Pittsburg d Lake Erie— Stock, autk. $10,000,000..
1864 $1,000
1866
1,000
1870
1,000
1890 1,000
1892 1,000
1892 1,000
1895 1,000
1899 1.000
'
190^
*g.o*
Toledo -See Baltimore &
stk., 7 p. o. guar. Pa. RR.
Guaranteed special imp. stock, 7 p. c. guar, by end
1st mortgage, series A to F \ Sink, fund, oumula- r
Pittsburg Cleveland
is:
1,000
Ohio RR.
470
470
468
468
468
50
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
Common, $45,000,000
STOCK of Old Companies unexchanged Jan 1, 1905: Pittsb. Cin
A 8t. L. common, $25,050, Chic. 8t. Louis A Pittsb., common, $442,
267, and preferred, $4,952; Steubenvllle & Indiana, oommon, $78,271.
and preferred, $750; Jeft. M. & I.. $5,000.
Bonds.—The consolidated mortgage for $75,000,000 (Fanners' Loai
& Trust Co. of N.Y. and W. N.Jackson, trustees,) covers the entire prop
erty. Suflioient consols are reserved for the purpose of retiring all sec
tlonal bonds at maturity, at which time they must be paid off. Tin
remainder are issuable for Improvements, additions etc They are
guaranteed unconditionally as to principal and interest by the Pennsylvania Company. The six series are all equally secured. See adv
In Chronicle Mav21. 1892. and guaranty on bonds, V. 56, p. 604.
In Sept.. 1904, $9,000,000 Series F coniols were sold to refund the
Ind Cent. 7 ptr cents paid Nov. 1,1901, and for
$2,996,000 Col.
general purposes. V. 79, p. 1267; V. 80. p 1175.
&
1905. iGross, $ 9,383,059; net, $4 636,759
1904 .Cross, 17,751,6-3. net, 4.490,042
Annual Report.— Report for 1! 04 at length in V. 80, p. 1230. 1367
1904
1903.
1902.
Tear ending Dec. 31.
1,1<>9
1,164
1,164
Miles operated (system proper)
Jan.
I
to Sept. 30.
)
1
J
$24,209,492 $24,650,401 $22,610,557
Grossearnings
5,»74,88->
6,099,554
5,705,687
Netearnings
6L.182
71.042
Miscellaneous
_ 125,026
$6,224.5-^0
$5,936,067
$5,776,729
Total net earnings
$2,307,637
$2,186,113
$2,202. 05
Interest on bonds
139,344
132,361
131 687
Rentalspaid
589,988
659,146
254,878
Car trusts (lnolud. Interest)....
1,369,075
1.398,357
Improvements, sink, fund, 'to. 1,331,787
(4%) 1 098,122 (4%)908.0 6 (4%) 9<>7,926
Dividends on preferred
<3%>743.390 (3%) 74 3.378 (3%)743,29«
Dividend on common
$138,030
$7,116
Balance, surplus
def. $54,846
-(V. 80, p. 1175, 1230,1358, 1367; V. 81, p. 32; V 81, p. 1175
PltUtb. Clcve. &. Tol. Kit.— See Bait. A Ohio RR.— (V. 76, p 49.)
Pittsburg Fort Wayne & Cblcaeo Ky.— (See Map Penn. RR.)—
Road.— Owns from Pittsburg, Pa., to Chicago, 111., and Dr., 470 miles.
Double track, 271 miles.of whioh part was built in 1893. In July, 1900.
66 miles of additional seoond track was under construction.
Lease, Ac.— Foreclosed Oot. 24, 1861, and reorganized. From July
the Penn. RR.; rental pays InI, c1869, leased In perpetuity to
terest, sinking fund of debt and 7 per oent on stock, payable Q.-J. The
lessee keeps road In repair and pays taxes and expenses.
In July, 1901, an extra dividend of 2 per oent was declared on both
stocks, but It will be paid on the guaranteed special stook only In case
theoourts so decide. Nodecision to July, 1905. V. 72, p. 821, 1188.
)
Capital Stock.—The special Improvement stock is issued to Penn
sylvania RR. for Improvements, Ac, under article 16 of lease, whioh
provides that the lessor may Issue special bonds or stock. See V. 50, p.
139, and wording of endorsement In V. 56, p. 774. The special stock
Is In all respects subjeot to the general or prior stock and "to the
rightsof holders of said general or prior stock to have distributed to
them in quarterly instalments an annual dividend fund of $1,380,000
free of all taxes." This special stock is issued from time to time for
betterments; In 1898, $335,300; in '99, $824,907; in 1900, $1,002,700;
in 1901, $1,291,200; In 1902, $1,418,200; in 1903. $^,010,400, In 1904,
Of the $31,002,900 guaranteed spec
+ 4. 959,200; in 1905, $3,341,900.
ial stook outstanding Deo 31, 1904. $29,829,800 was owned by Penn.
greater part being pledged to secure bonds of latter.
(cmpany, the
V. 75, p. 1087.
Bonds.—The first mortgage is in series of $875,000 each and seoond
mortgage of $860,000. Of the above 1st mortgage bonds, $3,100,500
and of the second mortgage $3,3 14.500, and $2,599,178 oash, were held
In the sinking funds Jan. 1, 1905
Report.— 1904, lessee's proilt, $149,179; 1903, $316,214 —(V. 80,
p.
2458.)
PlttHb. Jolinstovvn Kbeiinb. &. Eastern Kit.— V. 77, p. 628.
M Mb tin; Junction RR.— See V. 67, p. 688, 788, 954, 1056. B.
6> O. Is In control, owning all of the securities except $15,250 com
mon stock. $959,000 tlrst 6s. $250,000 second 5s and $191,000 Ternn
ual Co. 5s. See B A O. and V 69. p. 1063, 1192 and V. 70, p. 77.
PlttmburK & Lake Erie RR.— Owns from Pittsburg, Pa., to
Youngstown, O. 68 miles, to be four-tracked; branoh lines to Newoastle,
PI
,
Outstanding
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
$3,000,000
5
J.
a569,000
7
7
J.
1,967,000
10,000,000
8,786,000
1,379,000
4,983,000
A.
4i« g. A.
4!ag. A.
4!«g. M.
4
g-
3%g.
b9,851,000
9,000,000
4
Whom.
Payable
Cent.
g.
M.
F.
J.
&
&
A
A
A
A
&
A
B01 ids— Prini'i
pal, When Due.
by Stocks — Last
Dividend.
J. N. Y., Nat'l City Bank.
O. N. Y.,Farmers' L'n A Tr.
do
do
do
do
do
do
do
J.
O.
O.
N.
N.
A..
& D
do
do
do
do
do
do
do
Jan.
1,
Oct.
1,
1,
1,
1,
July
Oot.
Apr.
Nov.
Nov.
Aug.
Deo.
1,
1,
1,
1,
1914
1906
1910
1940
1942
1942
1945
1949
1953
19.714,286 See text. Q.-J. N. Y., Winslow, L. ACo. Oct. 1, '05. 1^
34,341,800 See text. Q.-J.
do
do
Oct. 1, '05,1%
Various
7
do
do
5,250,000
July 1, 1912
Various
do
5,160,000
7
do
July 1, 1912
do
2.000,000
A. & O.
do
7
July 1. 1912
10,000,000 10 in *05 F. A a. Pittsburg, Oo.'s Office Aug. 1, '05, 5%
do
2,000,000
do
6 g. J. & J.
Jan. 1, 1928
2,000,000
Jan. 1, 1928
5 g- A. & O. N. Y..N. Y. Trust Co.
3.959,650
2,250,000
1,000,000
600,000
290,000
6
6
6
6
164.C00
6,419.600
436,000
5g.
4
5
gg-
383.000
4,310.000
See text.
5
g.
5
J.
J.
g.
g.
5 g.
410
M.
J.
&
&
&
&
A
A
*
A
&
A
J. N. Y. Union Trust Co.
J.
do
do
J.
do
do
J. Pittsb'g, Fidelity Tr.Co.
O. Phila., Broad St. Stat'n
;
A. Feb., '05, int. last paid
do
A.
8.
8,
do
July, 1905,
July
July
July
Oct.
•
>b.
l-eb.
3%
1,
1,
1,
1,
1932
1934
1918
1920
1,
1.
1949
1952
N. Y., Colonial Tr. Co. Mar'06 M'r'10
Colonial Tr. Co., Pittsb.
do
do
J.
Sept. 1.
1937
July 1, 1942
1955
b $2,01 2,000.
preferred, $30,000,000; par, $100. Outstanding Jan., 190 -, common.
$24,780 351; preferred. $27,454,049. Stockholders in Deo., 1903,
subscribed to -4,750,000 preferred stock, increasing the amount outstanding to $27,454,000 V. 77, p. 1747; V. 78, p. *29. Suit V. 68. p.
Of the pref. stock, $15,000.000 1*
381; V 69, p. 1248; V. 70, p. 126
pledged asoollateral under Penn. Co. certificates of 1901 and $8,200,000 preferred and * 14,500 000 common stock under Penn. O.j. collateral betterment notes, due Oct., 1905. V. 73, p. 957; V. 7f , p. 1276.
The preferred stock is " non-oumulative and entitled to a dividend
of 4 per cent per annum out of the net earnings as deolared by tlw
Board, with the right after 3 per oent has been deolared on thf
common to an additional 1 per cent, making 5 per oent in all.'
After 5 per oent on both common and preferred, tne two share pro rata
Divs.— ( 1892-93. '94. '95. *96. '97'98. '99. 1900 to July, 1905.
3
2
4 yearly
On pf. %.— ) 4 yearly. 2
On com., 1%, Aug. 15, '01; sioce to Aug., '05, lncl., 3% yearly (F&A).
Latest EARN8.-9 mos.,
Amount
%
100
100
1871
1862 500 &o
1862 500 &o.
1862 500 Ac
50
1878
1,000
1889
1,000
71
o
1st mortgage, gold
71
e
2d mortgage, gold, Series A. A B.N
Pittsb. Lisbon d West.— See Wheeling & L. Erie.
1884
"ittsburg McE. d lough,.— Stock, guar., see text
57 1882
1st mortgage, guar, by P. & L. E. and L. S. A M. S.c
57 1884
2d M., gu. p.<fci. (end.) by P. & L. E. and L. S. AM. S.c
40 1888
McKeesport & Belle Vernon, lstM., g.. ass'd FPi
J itts Ohio Val.<6 Oin.— 1st M. g.,s.f. notdrn FP.c*
15 1890
Pittsburg Paivsesv. d Fairport- 8ee Baltimore & Ohio RR.
1899
Pittsb. Shawmul d No— 1st M. g.,$12,000,000Colc*
190/
New mortgage, gold, $1 5,000,000
1903
Car trusts, part due seuiian
Charleston— Bee Pennstlvani a RR.
Pittsburg Virginiad
1897
Pitts. Term RR. d Coal -W.Side Belt, 1st M.. g. UFi Text.
Pittsb. Term'l, 1st M.. $7.000,t00, gold CPi.o' Text. 1902
1905
Consol. M. $14,1 00,000 K
» Sinking fund Nov., 1905, held $2,384,000 additl onal.
capital Stock.—The stock authorized
Size, or
of
Par
of
Road. Bonds Value.
St.L.—(Con.)—St. A Ind. 1st M.r 116
222
In. 1st M. (s. f. drawn at 110).
2d mort., Jeffersonv., Ky., to Indianap. A br'h.e 222
f" A,"g.C
"B,"g.c*
" C," g.c* 1,095
i.
Con. M., $75,000,000, gold, guar. p.<fe
(end.) by Pennsylvania Company. F| " l),"g.o*
" E," g.o*
Pitts.
Date
[Vol. lxxxi.
etc., Pa., 4 m.; total owned, 72 miles (of which 70 double traok); leases
Pitts. MoKeesport
Yough. (which see), 11' miles;
ah. State Line
RR., 3 m.; Beav.
Ell. RR.. 3 m.: Elw. Connect. RR., 1 in.; total, 191 m.
The road is operated in harmony with the
York Central sys-
A
M
A
New
&
Michigm Southern Ry. owning $5 000.100of
stook. The P. A L. E. owns stock and securities of Pitts Ch.& Yough.
Ry., $140,<»00, and of Monongauela RR., $1,000,000. As to guaranty
of bonds of Monongabela RR., see that company's statement.
tem, the Lake Shore
Dividends.—
1884
to 1891.
1892.
1893 to Aug., 1905.
6 yearly.
8
10 yearly.
Earnings —For 6 mos. ending Jnne 30, 1905, gross, $5,053,293,
against $4,608,051 in 1904; net, $1,388,648, against $1,087,351.
Annual Report.— For year ending Deo. 31, 1904, gross, $10,035 510; net, $2,313,867; other income, $19,818; taxes, $162,296; interest,
$222,042; rentals, $476,458; dlv'ds (10 p c), $1,000,000; new equip.,
etc $.80 725; bal.. sur.. *192,164. In 1903, gross. $11,280, L29; net,,
$2,491,160.— (V. 78, p. 344
Plttaburg liUhoti A Western
New Galilee, Pa., to Lisbon'
O., 25 miles; Salem to Washingtonville, O., 7 m.; coal road, 3 miles
Purchased In May, 1904, by the Wheeling & Lake Erie RR. V 78, p1782. For ''la mos. ending June 30, 1903 (32 miles*, gross, $54,448;
net, $16,013; other Income, $1,303; charges, $20,423; bal.. def., $3,107. President, N. B. BlUingsley, Lisbon, O.— (V. 78. p. 1782.)
Per cent.
$
(
,
)
RR.—
•
PHtKbiirii WIcKeesport & YouKhiosrliony It It. —Owns from
Haven, Pa., 57 in.; MoKeesport to Brownsville, Pa., 40 m.;
branches. 13 in.; leases 2 in.; total, 112 in., of which 50 m. double traok.
Lease.— Leased to Pittsburg A Lake Erie RR. for 999 years. Rental
is 6 per cent on the stook, principal and Interest of the Pittsburg MoK.
b Yough. bonds being guaranteed by Pittsburg A Lake Erie and Lake
Shore A Mlohlgan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stook Is on the
express condition that the holder shall accept par for the same on July
See wording of guaranty In V. 56, p. 774. Stook authorized.
1, 1934.
$4,000,000 first mtge. bonds authorized, $2,250,000 2d intge. bonds
authorized, $1,750,000.
Profit to lessee in 1904 $1,154, of whlob
one-half was payable to the Lake Shore A Michigan Southern.
PlttMburg Onto Valley A Cincinnati KK.— Owns road Bell
aire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company in connection with Cleveland A Pittsburg since Deo. 1, 1892
Stook, authorized, $1,500,000; outstanding, $300,000; par, $50. Trus
tee of mortgage (for $1,500,000), Fidelity Trust Co. of Phila. Year
ending Deo. 31, 1904, gross, $37,092; net, $14,719.
PiilMbu rz Palnesville A Fairport RR.— See Bait. & Ohio RR.
Pitts, to N.
;
;
RR.—
Pliiabtirj; Sliawmut A Northern
Road— Projected as
a short route from the bituminous coal fields In Elk and Jefferson
counties, Pa., northerly to Maoedon (on the N. Y. Central A Hudson
River RR.), including branches, 350 miles. The first division, Way land
to Sliawmut, Pa., with branches, Is in operation, viz.:
Owned—
Hydes to Coryville, Pa
M iles.
Leasfd— (Oonct.)
Miles
State Ll eJct to Waylai.d
H6
70
Hornells. Jet. to Hornellsville
Trafknge
Pame'sJcl
12
Hvdes to Shawmut, Pa
5
Brockport to Brockwayvllle. Pa.... 4
Coryville. Pa., to Slate Line Jet... 11
to ("a
cliff
Mt. Jewett to Kass
Olean to Olsan Jut
<u
Jet
—
10
ti
—
10
LitaneA
Crovland to TIalton. Pa
12
Total operated
.809
Brookvlllrt A 'ahonin? Ry., controlled by Uie same Interests,
proposes to build an extension from Hydes, Pa , to Freeport, 102»t
mles. V. 81, p 32.
Organization —Re-organized without foreclosure in 1901, under
plan in V. 74, p. 327, only $164,000 of old $6,000,0005 per oent bonds
not bavin-' assented. The Kersey RR., 12 miles, formerly leased, and
about 150,000 additional acres of ooal lands and mineral rights were
placed under the new mortgage. V. 74, p. 327, and Clroular, p. 578.
The non-assenting bonds have received Interest to Feb., 1905. The old
lsts exohanged for the new bonds have not been oanoeled. V. 75, p.
291. Car trusts June, 1904, $188,477; of 1905, see table above
The
Reorganization.— On Aug. 1, 1905. Frank Sullivan Smith was
appointed receiver, preparatory to reorganization. A larger mortgage
is to be authorized to provide for extension to Pittsburg, Buffalo and
Lake Ontario, Involving the construction of 300 miles of additional
road and acquisition of additional coal lands. V 81, p. 559.
Stook.— All com, auth., $15,000,000; issued, $11,700,000; par $100.
Earnings.— For the year ending June 30, 1904, railroad earnings
were: Gross, $843,208; net. $156,092; other income. $1 1,558; Interest, taxes, etc, $291,148; bal., def, $123.49-1; see V. 78, p. 1498.
Officers.— Acting Pres., Frank S. Smith, 45 Wall St.— (V. 81, p. 778.)
PiitK. n; nan-.. A Lake Krle.— SeePitts. Bessemer* L. Erie.
Plttxbiiif; Terminal Kit, A Coal Co.— Owns $1,065,000 of
the $1,080,000 stock of the West Side Belt RR., having a belt line extending from Pittsburgh to Clairtou. Pa 20-6 miles, and Bauksville
let. to Ban isville, 2 in., with 13 miles of sidi igs, a total of 35'6 miles.
Has lis own river tipples and connection with all roads enterin; iMitsburgh. Owns in fee about 15,000 acres of coal and 67o aores of surface lands adjoining in Allegheny Co., Pa., which wore leased Nov.,
1904. to the Pittsburg Coal Co. for 40 years at $350,000 yearly anil a
royalty of 8 cent* per con of coal rained. V. «0, p. 123';. Capacity,
over 3,000,000 tons yearly. See pro-p.-cus, V. 78. p 703; V. SO, p. 1480.
In 1904, the Wubasn-Pittsburg Terrain il Rv. (which sen) aouulred
the entire $14,0UO,O(jO stook. V. 79, p. 1024, 2086; V. 80, p. 1236,
; <
,
RAILWAY STOCKS AND BONDS.
Oct., 1905.
RAILROADS.
For explanation of column headings, Ac,
on first page of tables.
Miles
of
see notes
Size, or
of
Par
Amount
Outstanding
A Western— See Baltimore & Ohio RR
Ymmgsl. <t Ashtao.—Com. stook, $2,000,000
Preferred stock, $2.000.000
Ashta. <te Pittsb. 1st M.,Yngst'n to Asht.c*&FPr
Consol. M. (for $4,000,000) 8. f. 1 p.o., not dr. F «•"
Plymo-uth <t Middleboro, 1st M.,lnt. gu.hy Old Ool.o*
Pontiac Oxford <t North — 1st M..g., $400,000 Me o
When Where
Rate per
Pittsburg
125
125
62
125
M
15
100
Port Anoelen Hac. l*t
$2,0o0.ov0, g. rod 1 05. K
Portland <& Rochester— S*e> Boston A MAINE RR.
Portland <t Rumford Falls.— Stook
Consol., now 1st, mort., $1,000,000, gold.OH.c*
Plain bonds, sinking fund, gold, $350,000
o
do
do
$500,000
Portland Union Ry. Sta.—\et M., ser. "AAB,"gn.s.f
....
,
Port Reading.— 1st M..g., gu. by old PAR. PeP.o*4r
Potomac Valley— See Western
ryland
Potosid Rio Verde— 1st M., $15,000 p m.s.f.ltloo*
Promdence dt Springfield— Pee New York mbw Ha
Providence <t. Worcester—Stock (10 per cent rental)
(refund'gi.cur., $1,500,000. V.63.p.l064.c*
1st
Quake'toion <£ Eastern 1st mort., gold G11P..0*
Railroad Securities 8took, com., $10,000,000
Pref. st( ok. 4 per oent cum., $10,000,000
111. Cent. stk. Int. certs, cum., g.,ser. A.red 105Cs
Raleigh <& Augusta— Raleigh, <f. Gaston— See Seabo
Raleigh <*»>•< <Ap—R
1st M.,$3lO,000,g.Ko*
Equipment hdii Improvement M., «ol i
RaL * - utlip ron. M,$2o 0,000.
Raritan River KR. -1st mortgage, gold
o
Reading & Columbia—let mort. (ext. In 1882) .o*
2d mortgage, coupon (extended In 1884 & 1904io
Debentures
o
64
>•>.
...
1,000
1.000
1,000
1,000
1896
1,000
1897 500 &o.
1904 500 Ao.
1887-9
21
1891
1,000
1,000
40
1898
1,000
51
51
15
•
•
> *
.
32
Zi
62
20
40
40
K
.
1902
1,000
•>•
ARD A
500
100
100
1903
1,000
1J04
19o5
1889
1,000
1862 100 Ac.
1864
1,000
1877
1,000
Pittsburg & Western It It.— (See Map of Bait. <6 Ohio.)— RoadOwns Allegheny, Pa., to New Castle. Pa., 59 miles; standard-gauge
branches to Foxburg, 59 miles; 3 ft. gauge lines to Mt. Jewett, etc.,
101 miles; total owned, 219 m.
Statu*.— R .ad sold on Oct. 9, 1901, under the 2d mortgage and re
organised as P. & W. RR^ B. A O. pledging as part security for its own
Pittsburg Lake Erie & West Virginia system 4s the entire $13,500,000 of new stock. $7,318,000 of the $9,700,000 first mortgage 4s of
1887. $81,000 old 6s (all). $136,900 of the $219,000 Pittsburg New
Castle & Lake Erie 4s due 1917 and $3,500,000 new mortgage bonds
of Pittsburg A Western RR.— V. 73, p. 445, 7^-5.
in June 190\ hold
ers of the remaining $4, 382.000 1st 4s w« re offered the right of exchange for B. & o , Pitts. L. E.A W. Va. 4s or paymentin cash. V.
80. p. 2345.
Pittsburgh Westmoreland & Somerset RR.— V. 81, p. 559.
A Ashtabula RR.— Owns Kenwood,
Pittsburg Youngstown
Pa., to Ashtabula Harbor, O., 99 miles; Nlles to Alliance Junotion, O.,
25 miles; Cantleld Branch, 1 mile: trackage. 3 miles. Total, 128 miles.
Organization.— Leased August 1, 1887, to Pennsylvania Oompany. whloh Jan. 1, 1905, owned $375,000 oommon and $i,550,000 preferred stook; rental net earnings. Lease terminable at either's option
Dividends. > '90. '91. '92-95. '96. '97 to 1900 '01. '02. '03. '04. 1905.
Oommon.n.o. (2^ 3 6 v'ly. 6»a 6 yearly. 6>* 7 7
7
7
On preferred, 1888 to 8ept., 1905, 7 per oent yearly (M. & S.)
Bonds.— Bonds of 1887 are reserved to retire 6s.
Earnings.— Id year 1904, gross. $2,802,952; net, $1,285,274. In
1903 gross. $2,767,821; net, $974,915; other Income, $10,995; interest. $16-, 100, improvements, $1,065,033; dividends, $212,044; bal.,
def.,$459,z67.-(V. 73, p. 616.)
Placerville
A Lake Tahoe RR.—V. 78, p.
«l
OTtddleborough
RR.
2600; V. 81, p. 156.
Plymonth
to Mlddlebor
ough. Mass., 15 miles. Stock, $80.0<
Leased to old Colony RR for
99 years trom Jan. 1. 1892. no rental to be p*id to Jan. 1 1917. thereafter lessee to pay 30 p. o of gross earnings. 4 p o on sto k to be
guaranteed; tut lesse guarantees at all times payment of tnterest.
ont,ac ° xf°rd it Northern RR. -Operates road from Pontlao
.,F*
Mioh., to Casevllle, Mich., 100 miles. In April, 1H05. R >bert A. Lounsbury of Pontlao Mich , was appointed receiver. Bond int. paid to
July. 1905, IloI. V. 80, p. 1424 Calendar vear 1904, gross. *'95,30i;
net $40 814. In year ending >une 30, 1904, gross, $194,309; net,
$10 333; total deduction- $29,115 Stock, fl, 000,000. Dividends: In
90
1891 ' 3 > 1892,4; 1893,6; '94,4; '95,3J«; 1900, 4; 1901,
,'JU? °» ;
19 2 ' 5 - Litigation, see V. 77, p. 299. Pres., Hugh Porter, N. Y.
(1)
„ir
£ p. 1424
( V. 80,
)
^
—
Port A neceles Pacific RR.—V.
.
p ®»;* ,a '»«l & Rumford
Falls
54464 6666
~
^,
1903 4
5«3 399 27*,054
35,106
-(V. 73. p. 10O8; V. 75, p. 612; V. 77,
J
98,111(6) 120.0O0
p. 770; V. 79,
Portland Union Railway Station.— Stook,
& Maine and
91,049
p 1267.)
$50,000.
Maine Central.
Bonds
or
,JE * Kea d*'»tt RR.—Owns 21-21 m. of road, completed In Sept.,
1892, from Poit Reading Jet., N. J., to Staten Island Sound; sidings
a era1 32 m total 53 2 m Capital stock authorized $2,000,000—
par i !v all owned by Reading Company, $1,555,000 being deposited
$ioo. ?:
under its general mortgage of 1897 and $440,000 under Jersey Central
collateral mortgage.— (V. 55, p. 544.639.680.)
P lom
Val,e R,l '- In0ct0Der 1905 a°<"rt to be consoli^„ i*i
dated »ith Wet-tern ?,
Maryland RR., which see.
** oto *'- * R, ° v »rde
Ry.—Owns a narrow-gauge road from City
of San Luis Potosi, Mexico, to Hacienda Alvarez, 40 miles. Has
concessions for 99 years, expiring Nov. 4, 1985, when railroad becomes
the property of the Mexican Government. Company is exempt from
taxes and import duties for 15 years. Bonds are subject to calf at 110
and Interest on any Interest day. Pres., Robert 8. Towne; Sec, 0. J.
Nourse J r 82 Beaver Street, New York.
Sprlnetteld tvR.-In 1905 coiuolldated with
wFJTv^w^" 06
New
'
- ;
»
-
u™
.
.
.
,
^
York New Haven
& Hartford.
Providence Terminal Co.— V.
J.
J.
A.
N. Y.. Farm. L. & Tr. Co Sep. 25/05, 3 >*
N. Y., Far. L. & Tr. Co Sep 25,'05,3»«
Aug
Co
Phila., Fidelity Tr.
1,
1908
N. Y., Farm. L. A Tr. Co Nov. 1, 1927/
Boston.
Jan 1, 1912
N. Y. Merc'le Trust Co. July 1, 1916
1904 coup, last pd. Apr. 1, 1954
Oct.
,
A
Oct.
1,
1918
Providence, Offloe.
Sep. 30.*05,2i«
Q.-M.
10
A. & O. Prov., R.I. Hosp. Tr. Co. Oct. 1, 1947
4
•Ian 1. 1927
Quakertown, Pa.
5 g. J. A J.
D*o 29,'05,3i3
See text 8ee text
Oct. 1,'05,2%
4 in 1905 A. & O.
lg. J. & J. N. Y., office, 120 B'way. Jan. 1, 1952
137,000
HO 000
5
6
5
F0O00O
4>M).000
650,000
350.000
1,000,000
N. Y., 82 Beaver St
O.
A
M.
g.
g.
g.
J.
J.
S*
M.
4
6
J.
J.
1943
1,
1,
1,
Sept. 1,
Dec. 1,
1965
1939
1912
1912
1917
New York
June
Guar A Tr. Jan.
Phlla., Phil. & Read. RR. Mch.
"a"d.
A
A
A
&
1,
Mar.
N. Y., Knick. Trust Co.
8.
N.
J.
8.
J. Tit.
do
do
D.
D.
do
do
RR.—
A
Owns from Proviueuoe. K. L, to
Providence
Worcester
Worcester, Mass.. 44 miles, of which 5 miles are owned )ointlT 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
stook to the N Y N. H. & Hartford.— (V. 63. p. 1064.)
Quakertown to Rlegelsvllle
Quakertown A Eastern
Pa., 15 miles. Stock, $1 80.000, all outstanding; par of shares, $50.
Year ending June 30. 1903, gross, $ <3,405: net. $i 0. 12; charges. $10,228.
President. John Jameson; Sec, Henry S Funk; Treas..Jamee
H 8helly; Gen Mgr.. A. F Baker. Office, Quakertown. Pa.
Quebec urld^e St, Railway Co.—V 79. p. 2697; V 81, p. 976.
Quebec Central Ry.— V. 79, p. 783; V 80, p 998; V. 81, p. 1175.
Ry.—V.79, p. 786.2589; V 80. p, 2459.
Quebec A Lake Kt.
Quebec Southern Ry.-Owas Sorel, Province of Quebec, to
No. an, 89 miles; St. Lambert to St. Francois, with branch. 55 miles,
(former South Shore Ry.); total, 144 miles. A consolidation »as voted
Jan 14, 190^ with the South Shore Ry. On Mar. •/ lw04. Geo C.
Dessaullcs of Hy act tithe. Que was appointed receiver of the Quebec
Southern and south Shore railways. Application to Issue $20 OOO recet er's oettitlcaten wan made. V. 78. p. 1276
Proposals for purchase
ot road will b« r«-o- Ivert to Nov. 2, 1925. V 81, v »76.
In Feb., l!-05. the Montreal Quebec & Southern Ry. proposed to apply to the t'a'adian Pailtaiuent to Incorporate with power to construct and operate a ra'lway from St. wiuilaume station on the Montreal A Atlantic Ky to Sorel, an 1 acquire the South ShoieRy.the
Montreal & Lungue'iil Bridge Co.. the Qn bi'C Southern and the East
Richelieu Vaiie> railways V 80. p. 712. For 4 mos. ending July 31,
1904, uroi-s earnings were $75,671, against $ri0.«51 in 1x03. Pres.,
H. A. Hodge. Montreal, Can. -(V. 80, p. 712; V. 81. p. 976.)
Quebec Terminal Railway Co.—8eeV. 71, p. 603; V 77, p. 38.
Queen Anne's
8ee Maryland Delaware & Virg nla Ry.
"Queen Ciescent "—Includes Cincin. N. O. A Texas Pac., Ala.
Gt. So., New orl.
N. E.. Ala.
Vioks. and Vitks. Shrev. & Pac
Railroad Kecurl lies Co.— Organized by Interests identified with
the Illinois Central to acquire and hold securities of railroads. Stock,
common. *10,i'00 000; pref 4 per cent oum., $10,000,000; outstanding, common, $3,600,000; pref., $2,000,000. The $8,000,000 present
issue of the int. ceitifioates ($20,000,000 authorized) are secured by a
like amount of Illinois Central stook, interest at a 4 per eent cumulative rate being payable if received from dividends on the shares
pledged, the stock itself being deliverable to the holders of the certificates at maturity unless the option to call at 105 is mealtime exercised. V. 74, p. 937, 1039. Dividends on pf. in 1902 to ut t , 1905,
b 'tii inclusive. 4 p. o y'rly (paid A.
O.) On common, 1st «iv., 3^
p. c, payable Deo 29, 1905. V. 81, p. 1044. -(V. 81 p. 778. 1944.)
Raleigh
Augusta *| r Line
) «,„„ Q
ftah „ aP(1 A ,_, ,_. «_.
See Seaboard Air Lime Ry.
RR.—
>
John
1 ,
,
'
A
RR.—
;
A
&
<)fc
,
Raleigh
Raleigh
&
RR.
&
A Oaston RR.
A Nouthport Ry.—Operates
^
Lillingtou, 34 miles, including 2 miles of trat
to Fayetteville, 30 miles; total to be 64
1905, to Ral. <». Cape Fear Ktt. V 80. p.
$lf,0 «' per mile. Consols (see table above)
from Raleigh, N. C, to
ksge; extension proposed
Successor June 1,
2100. Slock authorized,
are limited to $w.000per
mile (of wh ch $1 OOO ror eqmomont)
Of th* bonds, $167,000 are reretire the
served to
Id bonds. For year eudlng June SO. 1905,
gross, $49,^38; net $16 ail. Year ending June 30. 1904. gross. $50,14?; net. $21,652; charges, $9,199; bal., sur. $I2,4 C>3. Pres., John A.
Millc: Secy, and Treas.. F. T. Ricks. Offloe, Raleigh, N.
(V. 76, p.
762; V. 79, p. 2589; V. 80, p. 2400.)
Raleigh
Pamlli o Sound RR.—V. 89. p. 1363; V. 81, p. 1191.
Raritan Klver Railroad.— South Amboy to New BrunHWioft, N.
J., 13 miles; branches 7 miles; total, 20 miles
stock authorized,
$1 ,000.0" '0; issued, $400,000; par, $100. Dividends paid in 1902-3
aud 1903-4 4p o. vearly; in IV04 5, 44 p. e. Year ending Jane 30,
190=*, gross. $137,757; net, +49,945; other income. $11,990; Int., taxes,
etc., $23.62 ; dividends (4*2 p. c), $18,000 ; Burp., $^0,306.— (V. 77,
p. 38, 2340.)
Reading Relt
Belt railroad, 7-4 miles In length, around
Reading, Pa, opened May, 19o2. V. 71, p. 751. Stock. $7S0,000,
owued by Reading Company. Road leased to Phila. & Reading Ry.
all
for 9m9 years from July 1, 1902, at 4 per oent on the stock, Interest on
bonds, and taxes- (V 71, p. 751; V. 74, p. 1090.)
Reading A Columbia
Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junotion to
Chickies, 6 miles; total operated, 60 miles. Stock. $958,373 (par. $50), of
whloh $788,200, together with $193,000 1st mtge.. $35.0o0 2d mtge.
and iSl.OOO.OOO debentures, are owned by Reading Co., all except
$3,200 stock j.nd +158,'00 2d mtge. being deposited under its general mortgage
Year I9O4-05, gross, $333,591; net, $131,940; charges
miles.
<
80, p. 2622; V. 81, p. 727,778.
Ry.—Owns Rumford Jet. to Rum-
ford Falls, 54 miles; branch to Otis Falls, 10 m.; trackage (Me. Cent.)
Rumford to Lewiston, 4 in.; total operated 68 miles. Controls Rumford Falls & Rangely Lakes RR., 41 miles of track.— V. 69, p. 954.
Dividends— >'96 '97 *98 '99 1900 '01 '02 '03 '04
1905
Percent ....J
DaoLSept,4ifl
Annual Report.— Report for 1904-5 shows:
°ro «»Net.
Oth.inc. Int., tax.. etc. Divid'ds. Bal.,*ur.
,Jfar
9 4 5 --^ 5 --* R 3$2 k 0.710 $t4.«5l $121,158 («)$1 20,000 $104,0u6
guaranteed jointly by Boston
F.
M.
IR Lin E Ry.
The 1st 5s of 1902 are secured on coal lands and by mortgage of West
Side Belt R*<.. which guarantees them, p <fe i., aud by pledge of West
Side Belt stoob owned. Sinking fund 8 cent* per ton of coal mined
Of the s. *4,69o.o00 was outstanding tn P«-b.. 1905, the balance
being tn th« treasury, of which $i. 000,0(0 reserved for the West
Side Belt tionds Of the consols of 1905, tt-e present issue <* .' 00 OuO)
isdep sited unfertile Wabash 4H p. o. notes of 1905 $7,000,000 of
theremiiiuln* $^, 00 000 b^lng reserved to Mire existing liens. V.
80, p. 1729. Officers and directors, Oct., 1904.— tV 80. p. 1729.)
Plymouth
3,500,000
1.500.0O0
180.000
3,6' O.OOO
2,000.000
8,000,000
1,000
A B
& 8
& A
A N
A J
& J
A O
M.
M.
ag. A.
487,000
100
1897
1897
Whom.
Due
Stocks— Last
Dividend.
Portland, Me.
Sep. 15.'05,H»
2,000.000 6 In 1904 Q.-M.
992.000
4 g M. & N Boston, Old Colony Tr Nov. 2, 1926
Aug. 1, 1927
4 g< F. & A Boston and Portland.
350.000
500,ti00
Portland, Me.
F b. 1, 1934
F. A A
4
300,000
4
J. & J Portl'd Me. <fe boston. Jly'27,Jan.'29
Philadelphia.
Jan. 1, 1941
5 fl- J. & J.
1,500,000
VEN & Hart FORD.
—
*CF
1878
1887
1892
1896
1904
100
M
M
$1,333,342 7 In 1905
1,700,000 7 In 190j
1,500.000
6
5
1,562,000
225,000
5
400.000
eg.
100,000
5g.
$50
50
pal, When
Payable, and by
Payable
Cent.
Hunax -f rinol-
OR DIVIDENDS.
INTKRJK8T
Date
Road. Bonds Value.
Pittsb.
121
78, p. 1110.
C—
A
RR.—
RR.—
$122.r.84.
(V. 78. p. 1908.)
Reading Company— Philadelphia A Reading it y.— (Set
Vap.j— The Philadelphia & Reading Ry. operates in connection with the
great anthracite coal properties of the Philadelphia A Heading Coal A
Iron Co. in the 8chuylkill region, Pennsylvania, a system of
roads centering at Philadelphia, extending to Hazleion and Williamsport on the north and westerly to Harrisburg.Shippensbnrg and Gettysburg in Pennsylvania and Wilmington, Del., on the south: also easterly in New Jersey to Atlantic City and Cape May. on the Atlantic
Ocean, and to tidewater at Port Reading on New York harbor, viz.:
122
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
.
.
RAILWAY STOCKS AND BONDS
Oct., 1905.]
RAILROADS.
Date
Miles
Size, or
Amount
of
Par
of
For explanation of oolamn headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Read'g Belt— 1st M.g.,$750,000, gu.p.&l.end.GP.o*
Beading Company—Common
7-4
1900
Car.
trusts,
& mar.
Equipment
do
$252,000 semi annually
trusts, $200,000, semi-annually.
trust, ser. O, gold, $87,000 s. a
do ser. D, gold, $156,000 s. a
Old Pblla.
&
Read. RR.
50
50
50
1897 lOOO&c.
1901
1,000
1900
1,000
1899
1901
1,000
GP
1902
tlst M., ext. In '60, Philadelp'a to Pottsv.$&*.o<fcr
c&r
1 Mortgage loans of 1844,1848 and 1849
o
tMortgage loan of 1857 convertible
tMortgage loan of 1868, gold. ext. In 1893. ...c<fcr
tConsol. mort. ($8,162,000 are gold 6s).PP..c<fcr
1Imp.M.,g.,ext. '97.PeP See V. 65, p. 870, g.o&r
(Consol. mort. 5s, ext. In '97 (V. 65, p. 278).. .c<fcr
c*<fcr
tTermlnal mort, gold. See V. 64, p. 85
Philadelphia City Subway Loan, guar., $3,000,000
& Reading Coal &
I
on—
1892
1892
1843
1891
Miles.
fee.
&
branches
Lebanon Valley branch
Lebanon <fe Tremont branch
Mahanoy <fe Shamokin bra'h
Schuylkill ASusq. branch..
West Reading branch
129 -1 8
59 22
65*28
59*86
53-37
1*86
Total (2 tracks 182 m). .368-77
Lines leased - (See eaoh Co.)
12-8
Oolebrookdale RR
11-2
Pickering Valley
RR
East Pennsylvania RR
Allentown RR
I
j
|
1,000
1894-8
—
Lines owned in
1,000
1.000
94
$ & £
94 1844-9 1,000
1857 500 Ac.
i'48
1868
1,000
254 1871 200 &c.
325 1873
327 1882 500&C.
tCol. s. f. gold loan (RR.) gu. p & i., ext. In '02
192
Rensselaer dt Sara.— Stook,8p.o.gu.Del.&Hud.(end.)
o*<fcr
79
1st mortgage, consolidated. Int. rental
Richmond Fredericksb. <t Potomac Common stock
Dividend obligations (same div. as com. stock)..
Stock, guar. 7 p. o., except $19,300 guar. 6 p. o.
o*<tr
82
Consol. mortgage., $500,000, gold.Ce
Note.— General mortgage of 1897 requires th at the
marked t above.
IT Only $16,000 are 3s.
Phil, to Mt. Carbon, etc.
1,000
1,000
bonds undeb LYING Gen. MOBT.
Delaware River Terminal Pur. Money M., gold.o*
Delaware River Term. Ext. Pur. Mon. M., gold.o*
tPblladelpbia
1892
1,000
100
1871
1,000
100
100
100
1890
1,000
Readl ng Co.
Leased lines— (Con.)
Miles.
Wilmington & North. RR.. fi 88-4
Phlla. & Reading Term. RR
1-3
Reading Belt RR
7-4
.
Tot.leased (2d traok 278-3). 646-4
Entire stock owned
5-3
Chester & Delaware RR
1-6
Rupert & Bloomsburg
6-3
Middlet'n & Hummelst'n RR
—
TamaquaHazleton&N.
—
RR
9-9
Controlled
Central RR. of
New Jersey. 640 4
Reading & Columbia RR
1T396
Lebanon & other branohes 138
Little Schuylkill Nav. &RR. If 31-5
64
Mine Hill & Sohuy. Haven.. 1F42-0 Read. Marietta & Han. RR.
1T25 9
Mt. Carbon & Pt. Carbon RR. fl 2-5 North East Penn. RR.
Phila. & Chester Valley RR. IT 23 -9
Mill Creek & Mine H.RR.... IT 3-8
Schuylkill Valley Nav.&RR. tfll-0 AtlantioCityRR.&branchesH167-6
6.9
1[10-9 Cape May Del.Bay& Sew Pt.
East Mahanoy RR
1-5
Shamokin Sunbury & L. RR.ir31*3 Ocean Street Pass Ry
Phlla. German. & Nor. RR. . 1T29-9 Catasauqua & Fogelsv. RR. . 29-5
Gettysburg & Harrisb Ry...1T34l
Chestnut Hill RR
fl 40
Oatawlssa RR
H1030 PerkiomenRR & N. Y. RR.. 1F38-3
1121-7
0*4 Phil. Newtown
Norristown Juno. RR
Port
1121-2
Norrlst. & Main Line Conn.
08 StonyReading RR
Creek RR
10-1
North Pennsylvania RR
1T86-5
IT 2-6
Delaware & Bound B. RR... f 33-8 Phil. & Frankford RR
(U See this company.)
Schuylkill & Lehigh RR
*ff46-9
Phila. Har. & Pitts. RR
Total controlled
1T47-1
1,1065
Total system July, 1905 (2d track, 785-2 miles)
2,121-7
From the oompany's docks at the extensive
(IT See this company.)
terminal at Port Richmond it operates a line of steamers aud barges
in coastwise coal traffic and provides berths with elevators and ample
accommodations for several trans- Atlantio steamship lines. In Jan.,
1901, control of Central RR. of New Jersey was aoquired (V. 72, p.
1T35-4
1T4-5
.
86, 340, 392. 676; V. 73, p. 847>
Stock.—The Baltimore & Ohio and the Lake Shore & Miohigan
Southern are jointly In virtual control, having acquired In 1903-04
over $60,000,000 of the $140,000,000 stock, consisting largely of preV. 76, p. 102; V. 77, p. 350; V. 79, p. 2432.
pref. stock into one-half
first pref. and one-half common stook. See V. 64, p. 709.
Obganization.—The Philadelphia Reading RR. (ohartered April
R. Coal & Iron Co. were sold in foreclosure Sept.
4, 1833) and the P.
23/96, and reorganized per plan in V. 61, p. 1109. See V. 64, p. 709.
The "Reading Company" in the reorganization acquired the security holdings, real estate, equipment, etc. , of the old Phlla. & Reading
RR.Co.; also the $20,000,000 stock and $20,000,000 bonds of the Phlla.
& Beading By. and the $8,000,000 stock of the Coal & Iron Co.
ferred stock.
The oompany has the right to convert the 2d
&
&
PBOPEBTT OF BEADING COMPANY.
Railwayequip.leasedtoRy.Co
$22,594,610
Real estate not appurt. to RR. (ann. revenue ab't $175,000). 17,417,860
and barges leased to Ry. Co. for $115,000 yearly.. . 2,586,609
Leased and new equipment
9,303,222
Phlla. & Reading Ry. stook $20,000,000 and bonds, $20,000,000 par
40,000.000
Colliers
& Read. Coal & Iron stock at par
8,000,000
Miscellaneous securities at par (In 1896 yielded $765,000). 73,415,586
Morts. and ground rents at par (not under '96-'97 mort.).
373,395
Int. In Phila. & Read'g Coal <& Ir. above securities owned.. 79,135,760
Claims against other companies, etc
6,079,638
Total July 1,1905 (See V. 81. p. 983)
$257,906,682
Phila.
PBOPERTY OF PHILADELPHIA
Outstanding
$1,000
stock
1st pref. stock, 4 per oent, no u -cum
2d pref. stock, 4 per eent, non oum
Gen.M.,$135,000,00O,g.,s.f.not8ub.call.Ce.o A <&r. Text.
Jers. Cent. col. tr.M.g., red. 105 aft. '06.PePo*&r
Wllm. & North'n stk. tr. ctfs., g., red. at 105. GPr
Car
1
.
.
<fc
BEADING COAL & IRON
CO.
Coal lands owned, 91,640 acres, with improvements
$72,738,715
Coal lands leased, 7,323 acres.
Timber lands owned, $659,965; New York and Eastern
depots, $707,002; Western depots, $489,421; coal on
hand and other current assets, $7,556,145; depletion
fund.$944>76
10,357,509
Stocks and bonds of companies controlled, nearly all cf
which are collateral for loans created prior to 1896
9,672,137
Stocks, bonds and mortgages
839,965
Total af sets, per books, June 30, 1905
$93,608,326
Offsets— Collateral sinking fund bonds, $1,320,000, and
current liabilities, $1,984,121; total
$3,304,121
Sinking Fund. -Whenever, in any year, a dividend is paid on the
atook, an amount must be paid simultaneously to the trustee equal to
5 cents per ton on all coal mined bv the Coal & Iron Company during
the preceding year, if the aggregate of dividends so declared exceeds
that sum; otherwise such lesser sum as shall equal the dividends so declared. Under this provision general mortgage 4s (not callable) were
purchased and canoeled as follows: In Mar., 1900, $433,000; in 1901,
$391,000: 1902, $443,000; 1903, $253,000; 1904, $495,000; in Mar. '
'
'
1905, $448,000
Dividends—per oent
1900. 1901. 1902. 1903. 1904.
1905.
1st preferred
3
4
3
4
4
4
2d preferred
4<
l 1*
4
Common
None.
Below
First div. on com, 1^ p.o., paid Feb. 1, 1905; Aug. 2 p.c. V.&O, p.2622.
"
$750,000
70,000,000
28,000,000
42,000,000
66,232,000
23,000,000
1,295,000
1,080,000
1,600,000
696,000
1,560 000
OF 1897.
500,000
809,000
1,512,700
954,000
79,000
2,696,000
18,811,000
9,363,000
5,766,500
8.500,000
2,593,500
123
Bonds— .PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
& S
A.
& 8,
& N.
4g. J. & J
4 g. A. & O.
Q.-M.
4 g.
4g. J. & J.
4^g. M. & 8.
4!«g M. & N.
4iag. F. & A.
M. & N.
J. & J.
S* J. & J.
J. & J.
6
4**
J. & J.
5g. A. & O.
g. &7 J. & D.
4 g. A. & O.
M. & S.
t g
4g. M.
&
See text F.
Phlla., Read. Ter. Bldg.
N.Y., J.
4 in 1905 M.
4 in 1905 M.
6
-
5
g.
U3&3ifl
do
1, '05,
2
8ept.9,'05. 2%
Nov 10, '05,2
do
do
do
1950
Sept. 1,
P.Morgan <fc Co. Aug.
Morgan&Co. Jan.
1997
1951
Phlla., Glrard Trust Co. When drawn.
Drexel & Co., Phila.,Pa. Jan'06-J'ly'07
N. Y., J. P.
Apr.
Phlla..
1,
1,
Read. Ter. Bldg. Mar*06-8ep'09
do
M'y'06-Nv.'09
do
To Aug., 1910
do
do
Phlla.,
Guar. Trust.
May 20, 1942
1942
1910
Phlla.. Read. Ter. Bldg. July
1910
July, 1910
do
do
do
do
Oct. 1, 193S
Phila., do <fe London. June 1, 1911
Phila., Read. Ter. Bldg. Apr. 1, 1947
do
Mch. 1, 1937
do
Q.—F. Phlla., Prov. Life & Tr. May 1. 1941
1905-1921
City Treasury.
do
Philadelphia
&
July
do
London. July
1,
1,
1,
F. & A, Phila., Read. Ter. Bldg. Feb. 1, 1932
1,320,000
J. & J. N.Y., Del. & Hudson Co. July, 1905, 4%
10,000,000
May 1, 1921
do
do
M. & N.
2,000.000
7
1.316,900 9 in 1905 J. & J. Phila. and Riohmond. July 1, '05, 4**
July 1, '05, 4ifl
do
do
1,072,000 9 in 19 5 J. & J.
do
do
Mav, 1905
500,400 8 in 1904 M. & N.
4iflg. A. & O. tf.Y., Phlla. orRlchm'd. Apr. 1, 1940
500,000
and Reading Coal & Iron Co, shall be responsible fo r all old bonds
i*
The General Mortgage 4s (abstract V. 64, p. 612)
by mortgage and pledge of all properties and securities embraced in the reorganization, and also all other property
aoquired thereafter by ubo of the new bonds. The new mortgage
is also, subject only to the bonds for which reservation is made,
based upon properties or securities of all the lines of railroad owned,
Including the Philadelphia & Reading Railway Company proper,
365 miles; various leasehold lines, 635 miles; all the property of the
Coal & Iron Company, or the securities thereof; equipment valued at
about $18,000,000, also marine equipment.
Furthermore, it has a first lien upon a majority of the capital
stook of various oompanles in the system owning 453 miles of railroad, and also on various bonds of system—list in V. 64, p. 613,709.
Of the $135,000,000 fours of 1897 $51,960,000 were in Nov., 1903, reserved to take up undisturbed bonds and $12,500,000 for construction,
equipment, etc., at not over $1,500,000 per annum. V. 77, p. 2099.
Improvement mortgage 6 p. o. bonds of 1873 due Oct. 1, 1897, were
extended at 4 p. o. for 50 years from April 1, 1897, payable in U. 8.
gold and guaranteed p. &i. by the Reading Co. V. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at i
p. o. till Mar. 1, 1937, the Reading Co. and Coal & Iron Co. becoming
Bonds.
are secured
See V. 65, p. 870, for contract. V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see January, 1895, Supplement.
The bonds were In 1902 extended to Feb. 1, 1932, at 4 per cent, principal and interest being guaranteed by the Reading Co., and sinking
fund reduced to $30,000 yearly. V. 72, p. 242; V. 74, p. 206.
The Philadelphia Subway Loan Is payable after ten years from date
In 20 annual instalments, to secure which $500,000, bearing interest,
has been deposited, and $100,000 yearly is being set aside in monthly
instalments. See V. 58, p. 1110; V. 62, p. 950; V. 63, p. 881; V. 71, p.758.
The Jersey Central collateral trust bonds ($23,000,000 present Issue)
are secured by deposit of $14,500,000 Cent. RR. of N. J. (coat $23,200,000) of the *27,213,800 stook outstanding, $1,495,000 Perkiomen
stook and $440,000 Port Reading RR. stook, the remainder of the
$45,000,000 authorized being reserved to acquire the minority stook
of the Central Company. They are subjeot to call on April 1, 1906. or
any Interest day thereafter, at 105 and Interest, on 60 days' notice.
See abstract of mortgage. V. 72. p. 487; V. 73, p. 847.
The Wilmington <& Northern stook trust certificates are seoured by
deposit of $1,495,000 out of $1,500,000 W. & N. stook. V. 72, p. 340.
Car trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200 ,000
oar trusts of 1901 cover 10 passenger and 38 freight looomotives,
1,000 steel ooal and 500 gondola cars, 500 box oars. They are additionally secured by $833,000 of the general mortgage 4s, which may
be withdrawn as the car trusts are paid off. V. 72, p. 822.
Latest Eabnings.— From July 1 to Aug. 31 (2 months) results were:
2 mos. to
P.
R. Ry.
Coal A Iron.
All Cos.
Read. Co.
responsible.
,
—
.
<fc
a.uq. 81.
Oross.
Net.
1»U5
$6,691,059 $2,761,802
1904:... 6,010,193
2,3h6 Ui
Charges all Cos. 2 mos. 1905.
do
do
1904.
Oross
$4,124,858
4,619,150
Net.
$98,484
232,717
$1,737,000;
1,768,031;
Annual Repobt.—Report for 1904 5 was
p 970, 978, 1170. See also editorial, p. 946
Years Ending June 30.
1905.
Railway oompany—Receipts.. .$37,495,719
Expenses (incl. renewals, etc.). 20,490.786
Net earnings
$17,004,933
Coal & Iron Co.— Receipts
$36,099,420
Expenses
35,827,507
Net earnings
$271,913
Reading Co.—Net income
6,966,019
Net earnings all Cos
$24,*42.855
Fixed charges and taxes
14,683,967
Net.
$240,081
23»,198
total net.
$3,089,«67
2.851.059
balance, sur., $1,852,887
balance, sur., 1,0^5,028
given at length in
1904.
$34,939,396
21,148,592
$13,790,804
$35,251,174
34,018,724
$1,232,450
6,849,685
$21,872,938
14,589,307
$9,558,888
$7,283,63
$19,695,353 $14,406,456
Surplus
V
81
1903.
$32,429,791
20,593,263
$11,836,528
$23,279,241
22,131,248
$1,147,993
6,431,711
$19,416,232
14,465,222
4,951,010
t 9,357,623
(4)1,120,000
Accumulated surplus
Dividends on 1st pref
(4)1,120,000 (4)1,120,000
Dividend on 2d pref
(4)1,6'-0,000(3 J2)1,470,000
I ividend on common
(3!s)2,450.000
Surp. end of year (all cos.). $14,445,353 $11,816,456
$8,237,623
Officebs.— Pres., George F. Baer; Vice-Pres. and Sec, W. R. Taylor;
Treas., Richard Tull; Comptroller. George Zie gler.
Directors— Joseph S. Harris, George F. Baer, Henry C. Frick, B. T. Stotesbury, Henry A. Dupont, Henry P McKean, Samuel Dickson, Charles Steele
and H. McK. Twombly.
Office— Read'g Term. Build'g, Phila.— (V. 81, p. 669, 970, 978, 1 1 70.)
Rensselaer & Saratoga RR.—Road.— Embraces 192 miles, vi«:
Road owned
Miles.
Leased ( Continued)—
Mile*.
Troy to Lake Champlain
79 Ft. Edward to Caldwell
15
Leased—
Vermont line to Castleton, Vt. 7
Troy to Waterford June, etc.. 14 Eagle Bridge, N. Y., to RutSoheneotady to Ballston
15
land, Vt
62.
Lease.—Leased in perpetuity March 1, 1871, to the Delaware & Hudson, which, June, 1901, owned $800,000 of stock; rental, 8 per cents
on the stook and interest on bonds. Guaranty on stook, V. 56, p. 773.
—
Tear.
1903-4
1902-3
-(V. 73,
p.
Qroas.
.Rentals.
Net (over taxes).
$522,758
$1,073,321
$3,252,255
791.233
1,075,977
3,299,118
337; V. 74, p. 1088; V. 75, p. 342, 1147.)
Eal.,def*
$553,563
284,744
;
,
RAILWAY STOCKS AND BONDS
124
RAILROADS.
Miles
Date
Size, or
Par
1903
1898
* Pot. (Oon.)— Gen. mortgage, $4,000,000
31
Rxeh.AMeek.— 1st M., $315,000, g.(V. 69, p. 391) o
Richmond t£ Petertburg— See ATLANTIC COAST LINE RR.
Bio Grande Junction— Stock
1st mortgage, gold, guaranteed. Ce
o
Bio Or. Sierra M. <t Pac.— 1st M. g.,$20,000 p.m.Ce
Bio Or. Southern—1st mort.. g., $2,277,000, guar..
Bio Grande Western— Bee Denver A Rio Grande
62
156
180
1
—
A Genesee VaL—Stock. 6% rental Erie RR
Mock Island Co.—Common stook. $96.000.000..
Boeh.
Honds of System.
Oh. R. I. A P. RR col, tr. M.. $75,000,OOOCe.o*&r
Ob.
I & P. RR. ool. tr. M., red. at 102H .Ce C~
764
,Ch.,Ill..to Coun.Bl.Abr. Bko"
O.R.I. & P.Ry.lst
c*<fer 3.165
General mort $100,000,000, gold,.«e
1902
1903
1877
M
1898
1902
Ool tr M ,g ,8er D to P.due y'ly.red 101ifl.Ce oRef. M. $163,000,000, g., red. to 1911.Ce. c*<fer Text. 1901
1904
Notes sec. by dep. $11,250,000 ref. bds.red 102
1904
1st mort. on Elevator. $1,000,000, g., red. par
1905
Coa In.CoailMtM, $1,000 000 g.int.gu.red 110H
365 1876
lawful money F.. o*<fcr
Burl O. R A No. 1st M.,
292 1881
O. Rap I. F. A N W., oons. 1st M., g., guar.Ce..c
B.C.R.& No. oon.let M. <ft ool.trust, gold F.o*<fcr 1,293 1884
12 1877
Mlnneap. A 8t L., 1st M„ gold (assumed) Ce
Rook Island A Peoria, oonsol. 1st mortgage. ITIp 113 1885
409 1894
Choc. O. A G., gen.fnow let) M., $5,500,000. g.c*
Choc. & Mem let M., $3,750,000, ass'd.GPo&r 282 1899
1899
L. Rock Bridge 1st M.,ass'd,g.,red.(text <JP.c*
1902
Oonsol. M. (see text). $30,000,000, gold OP.o* 1,025
1901
Cartr., 8er. B, due semi annually GP..
1902
Car tr.. Ser.C. April, yrly., beginning 1903
—
,
OP
1,000
l.OOOAo
l,(
1,000
L.OOOfeo
500
5.000
1,000
1,000
1,000
1.000
1.000
10)0
RR.—
Richmond
RR.—
Richmond Wa«Mngton Company.—Controls
Riohmond, Va., 115 miles,
to
a "union" line
in the joint Interest of
the following roads, viz.. the Pennsylvania RR. Baltimore & Ohio RR.,
Atlantic Coast Line Co., Southern Ry., Seaboard Air Line Ry. and
Chesapeake A Ohio Ry.. each of which owns one-sixth of the $2,670.000 capital stock; operation began Nov. 1, 1901 The entire roadie to
be double-tracked. V. 75, p. 78. Dividends In 1902. 3 p o 1903, 4 p 0.;
1904, 4 p. 0.
Incorporated on Sept. 6, 1901, and acquired $947,200 of the voting
capital stock or the Richmond Fredericksburg A Potomao RR and the
entire stock of the Washington Southern Ry extending from the south
end of Long Bridge across the Potomac River t<> Quantloo. 36 miles.
The oollat trust 4s of 1903 ($11,000,000 authorized Issue), are
guaranteed, jointly and severally, principal mid In'erest, by the six
roads named above of the bonds $6,500,000 have been sold for
double-tracking and improvements.
V. 77, p 629,695; V. 78. p. 584,
1393. See list of collateral and form of guaranty, V. 77, p 2391: V.
91. p. 1178. Cal year 1904, int. on Investments and deposits. $304,
909; Int., taxee.eto $236,760, dlvs. (4 p c), $106,800; bal., def., $37,661.— (V. 81, p. 1178.)
Rio Grande Junction Ry.—Owns road Rifle Creek, Col., to a
connection with the Denver A Rio Grande at Grann Junction, 62 miles.
This is a connecting link in the standard -gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland Railway and Denver & Rio Grande at 30 p. o. of gross earnings, whloh companies lolntly and severally guaranteed the bonds, prln. and int. First
dlv. ,1898, ROotA.; 1899 $1 20; 1900. $1 96; 1901, *3 75; 1902 $4; 1903,
$3 90; 1904, $4 25; 1905, $3 ^5. Year 1903-04. gross, $571,607; rental,
$171,482. - (V, 66. p.237; V. 78, p. 2i85.)
Rio Grande Kit.— V. 81, p. 212.
Rio Grande Merra ITladre Sc Pacific
Organized In Mexico In 1896; incorporated In N. Y. State In June, 1897, being completed
from Ciudad Juarez via San Bias Mountains. Lake Guzman. Sahinal
and Han Pedro mining region, to Terrazas, 162 miles. Ir> Oct.. 1904,
the road was sola to W. C. Greene (President of the Greene Consul
and asnoolates, oonsiru -tion on exten-lon from
idated Copper «'o
Terrazae to D.ddrick. 1 35 miles, being suspended in June 1905. V 79,
20-i6, 2458: V 80. p. 1H2. Capital stock is *3. 120,000
p. 1462,
($20,000 per mile) and bonds are authorized at $20,000 p«r mile.
President. *V. O. Gr-ene: Treasurer, E. J.Gates. Offioe, 24 Broad
St.. New York -(V. (-0, p. 164,
112.)
Rio Grande Houibem
(See Map Denver <t Rio Grande.)—
Owns narrow-gauge road, Ridgeway, Col., southerly to Durango, 162
miles, and branone-, 18 miles.
Stock, $4,510,000; June 30, 1905
$2,255,600 owned py Denver & Rio Grande. See V. 63, p 404 Mort'
abstract V. 54. p. 163, and application to N Y Stook Exohange
gage
in V. 54. p. 446 Of the bonds, $2,277,000 are guaranteed by D. & R G
Bee guaranty V 70. p. 1295.
V. 70. p 791
Earn [Nos— For 2 months ending Aug. 31:
Grots.
Net.
2 months.
Oth inc.
Charges.
Balance
1905
$9 ..636 $47,597
$3,189 $36,043 snr.$14 743
1904.
71.023
28.668
2.9'R
3S.237 nef.
4657
For year ending June 30, 1905, gross, $466.3*6; net, $206,934;
other income, $6,694; Interest, taxes, etc., $19-<.620: surplus for year
$14,008. In 190.3 04 gross. $4M, 566; net, $192,010 -<V 71, p. 389.)
Rio Grande Wentern
See Denver & Rio Grande RR
Rocbem. r 4. Genenee Valley
A von to Roches er, N. Y., 18
mllee. Leaned Juiy l, 1871, in perpetuity to Erie Ry. Rental, $34,012.
;
.
;
,
RR.—
)
'
RR.—
—(V. 79,
p. 2458.)
RR.—
J.
N. Y. Oo.'s office.
July
N.Y.,Malt.,CoppellA Co July
1917
1940
1,
1,
N. Y., by Erie RR. Co. July, 1905, 3%
Checks mailed
do
do
Q.— F.
N. Y., First Nat.
Nov.l,
Bank
do
do
do
do
Vov.
'05',
1%
2002
1913
1917
1988
1,
Pept. 1,
A J. N. Y., First Nat Bank July 1,
& J.
do
do
Jan. 1,
do
II: M. A N.
May, 1906-18
do
do
4 g. A & O.
Apr. 1, 1934
do
J. A J.
do
do
July 1, 1907
A. & O 1st Tr. A Sav. Bk.,Chio Oct. 1, 1924
J. & D.
June 1, 1»35
J. A D. N Y., First Nat. Bank, June 1, 1906
A O.
5 g.
do
do
Oct. 1, 1921
& o.
do
5g.
do
Apr. 1, 1934
A D.
do
do
June 1, 1927
A J.
do
J*
do
July 1, 1925
5 g. J. & J.
do
do
Oct. 1, 1919
do
5 g. J. A J.
do
Jan. 1, 1949
& J.
Philadelphia
July 1, 1919
g>
£
» g. M. & N. N. Y., 1st Nat Bank.
Mav 1. 1952
5g. F. A A. Phil*., Girard Tr. Co. To Aug., 1908
J.
J.
4i*g.
A.
A
O.
April, 1906-10
Rock 1 land Co.— <Sr* Maps, pages 116, 1 17. )— Incorporated
In New Jersey on July 30, 1902, ano acquired, per plan V. 75, p. 240,
the entire stock ($145,000,000) of the Chic R. I A t* Railroad (new
00 ), whose bonds, together with the stooksof the Rook Island Co were
issued In exchange tor (1) $b9,929,2o0 of the $74,842,60i' stock of
Chicago R. I & Paolflo Railway— which see, and (2) per plan (V 76, p.
1408, 1406). for over 99 p. o of the $29.0oo.000 St Louis & San Fran,
common stock. Chic. R. I
Pao. Ry., Jointly with Union Paoiflc, controls Chioago A Alton. V. 79, p 1462, 2206.
Road. The road, clearly shown on accompanying maps, Includes
Auks Miles
Total
Mile*
oi'trunder
miie
Frisco Svstkm—
over,
ROCK ISL. 8Y8TBM—
attd. constr.
<w«. St. L. * San i-rancigco.. 4,' 65
1H1
6,8riS
Chic. R >m Isl. & Pao
6,7"5
Kt. Won h * K10 (jr»nde. 198
Line. Rock ltd. & HI Paso
Ill
41
ln2 St. I.. S,in F. A I'ex 8,»tO. H48
blc. Koch Isl. & Uuif
»9
i >« Chicng'> & Eastern HI ... P47
70
,
*
—
'
I
.
'
<
St.L. K.C. JtC. a u d . K. C. R.I .
804
301
1
St. L.
To'al Rock Island .. *7,*09
S7J
• 7,78 1
Includes leased lines and trackage, 764 miles.
*
era,
1
Mem. &
So. East...
681
.s.0««
Total Kridco....
Includes Paris & Gt. North.
I
I
m'la*.
The Culo A Bast. Ill controls Evansrllle A Terre Haute. 331 miles.
8TOCK.— Common stook authorized $96,000,000; preferred $54,000,000. l'he stock of the controlled companies issued and acquired, and
the amounts of Rjok Island Co. stook therefor, follow V. 6, p. 1408.
:
Total
7ot«l
^-Hock
Cotnmon
$t!9,t«V»,200
5J»,8el,900
im,»W,-'(iO
iw,4»5,i^8
$U3,8«2,6J0 *9\811,100
$J-9,424.48'i
ChiOHBO Ivock Island* 1'ac. Rv.» 4,842, 6'W
8u Louis it San E.llf. con^atock. 29,i/Oj,OOi)
Total
Vo. l»«ufi».^
Preferred.
»4»,H60,440
Int.
a'gu«re<*.
Us'if.d.
Balance
J48.U5O.440
e,676,B17
6,049,560
198,000,000
$64,000,000
,
Total June 30, 1905
The preierred stook
onm nlative dividends
Is preferred as to capital and also as to nonat the rate of 4 p. 0. yearly for 1903 and thereafter to and Including 1909, then 5 p. 0. for 1910 and thereafter to
1916, Inclusive, and thereafter 6 p. o. The preferred stockholders are
entitled to elect a majority of the directors. The authorized amount
can only be Increased with the consent of two-thirds of each class.
Dividends.— Dividends on pref., Feb., 1903 to Nov., 1905, both Inclusive. 1 p. o. quar. (Q.-F.)
&
Bonds.— As to Chic R. I.
P. Railway refunding mortgage of 1904,
of which $25,55 *V 00 was sold In Nov., 1904, see that company and V.
78. p. 228, 234; V. 79, p. 1716, 2*06.
OFPICI4LSTATKHBNT.— As to securities, rights of shareholders, etc.
see V. 75, p. 1157.
Exrninos —For results of operations of the Chicago Rock Island
Paciilo Ry and Its lea-ed and auxiliary lines (forming the Kock Island system") and of th Sc. Louis
San Francisco linns (Frisco system), see those companies In this Seotlon; also the Chicago
Eastern
Illinois. The reports of the companies named were given lu the
Chronicle of Oot. 21, 1905.
The conjoined Income account of the Rock Island Co. and the ChiPacific Railroad for the year ending June 30,
cago Rook Island
1905 (see report V. bl, p. 1238), Is as follows :
&
'
&
•
&
&
Dlvs. on Chlo. R.
& P.
I.
Other Income
Total income
ExoeiiMen nun !<*.*<
1904 5
Ry. stook owned ...$5,481,123
28,877
f
Int. on C. R. I. & P. Railroad bonds
Dividends paid (4 percent).
$5,510,010
36,519
8.P47.373
1,950,210
1903-4.
$5,564,592
64,817
'9 409
56,924
3,495,113
1,947,608
$5 6
Balance for year
def $124,102 sur.$129,764
Officers. -Chairman of Board, W. B. Leeds; President, Robert
Mather; Treasuror and Secretary, D. G. Reld: Vice-President, Assistant Treasurer and Assli-tant Secretary. George T. Boggs.
Directors— W. B. Leeds, Wm H.M>ore. L). (i. Held. F I. nine, Geo. Q. MoD. Q. BolBsevain and
>g«en Mips. New Vork
R,
Canle. Ruoert. .vuiher, James H Moore and Marshall field, chlcauo; B F.
Yoakum, S Louis; U. C •'rick. Pittsburg, Pa.; Geo. I'. Brings Kii*t Orange. N.J.
Murtrv, .runes Spe;er
:
U
.
Honnre Committee
Il.n
Kc'i
I.
II.
W
Moore. K
N. Y. omoe. 71
1
RR.-
;
J.
J.
,
,
D C„
&
A
&
'
19,422,000
32,558,000
7,500.000
1,000.000
2,500 OOCi
6,500,000
1 ,905,000
11,000,000
1*0,000
450,000
5,500,000
3,525,000
315,000
5.411,000
370,000
1.100 000
100 Ac
1,000
J.
I
OOAc 61,581,000
1.000
1,000 Ac
1,522.331; net. $5< 0,«31; Other Income, *12,'^70; charges, $112,572;
$191,112; extraord. exp $112,582; bal sur., $96,834 In
1902 3, cross. $1.3:18 9J4; net. $398,383; other Income, $10,968— (V.
78. p 769; V. 79, p. 2457, 2748.)
Keysvllle, Va., to Clarkes
<V Itleeklenbnrgr
Road Is leased by South. Ry. Co. for 50 years
ville, Va., 31 miles.
from Nov. 1, 1898, for interest on bonds. (V. 69, p. 391.) Stock, $357,900 (par $100), of which $300,000 owned by So. Ry.Co.— (V 71. p. 1121.)
See Atlantic Coast Line RR.Co.
<V Petersburg
J.
J.
g.
*g. M. & N.
8 M. & S.
12,50i',000
,
Washington,
6
4g.
69,557.475
17,3^4.000
;
Richmond
Honds— PrinciTNTERE8T OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
3* A. & O. N. Y., Phlla. or Rich. Apr. 1, 1943
4g. M. & N. J. P. Morgan A Co.
Nov. 1, 1948
4 g. J. & D. N. Y., New York Tr Co. June 1, 1943
3% In '05 Yearly. JN. Y.,Mait.,Coppell Mar. 4,'o5, 3\
5 g. J. & D. I &C0..52 William St. \ Deo. 1, 19b9
555.200
6
89,424,483
48,950,440 4 in 1905
l.OOOAo
Richmond Fredericksburg Sc Potomac RK,-Owns from
Richmond, Va., to Ouantioo, 79 miles; James River branoh, 3 m. leases
Connection RR. in Richmond, 1 25 m.; total 83 m.; being double-tracked.
The dividend obll .rations oarry no voting power. Rich A Petersb. Connection RR sl/ook .»f $140,000 receives 8 p. c dividends under lease.
The R. F. & P. RR. guaranteed stook Is secured bv mortgage.
The Riohmond Washington Co (see belowi In 1901 took over $947,200 of the $ 1 .3 1 6,900 common stook, and "union" line of that company
has been operated by Rich. Fred. A Pot. officials since Nov. 1, 1901.
V. 74, p. 149
1905.
Drvs. on stock A ) '94. '95 '96. '97. '98. '99. 1900 to 1904.
7 7 6*a 7
7
8 yearly
9
dlv. ohlle. p. e. s 8)4
Bonds Of the gen. 3^8 of 1903. due Apr 1943 ($4 000.001 authorised). $-1,500,000 were issu ible for double-tracking and improvements
(of which $2,300,000, outstanding, Is owned by Rlehuiond Wa-hlng'on
Co. and p edged >nder i's mortgage, V. 81, p. 1178', the remaining
$5iO.OOo being reserved to retire the oonsol. 4^8 at maturity. See
V 77 D 2388 2391.
JBaknt'ncm*.— 2 months,* 1905
Gross, $260,190; net, $8t,S17
Gross. 23-J.929; net. 75.292
July 1 to Aug 31.
U904
^Report.— Report for year ending June 30, 1904, was in V. 80, p«
159. In 1904 5, gr< ss, $l,598,l~9; net. $545,374. In 1903 4. gross,
tlvldends,
8.500,000
2.O00.OO0
2,000,000
2,000.000
4,510,000
100
100
100
18
Prel. stock, (see text) non-oum., $54,000,000.-..
R
$2,300,000
315,000
1,000
1903 1000&0.
100
1889
1,000
1897
1,000
1890
1,000
Rich. Wash. Co.-Coll. Tr.. g., go., red. 105.N o*Ar
[Vol. lxxxi.
Outstanding Rate per
of
For explanation of column headings, &o., see notes of
Road Bonds Value.
on first page of tables.
Rie. Fr.
Amount
:
.H Moore. Chairman- J»mes
L Uitio and Marshall Field
Bioadway.— (V.
1
60, p. 2400;
V
Speyer, W. B. Leeds.
81, p. 841, 1238.)
Ry.
Leased by the Chicago R.l. A Pacific for 999 years from June 1,
R. 1.
1902, for fixed charges and 6 per cent on the stock, the C R. I A P. in
190.3 acquiring title by deed, the $9,700 stoik unexchanged for its own
stock being guaranteed dividends at 6 per oent yearly, payble J.AJ.
Rockford H.-li Ity.-V. 80, p. 2459.
Owns road from Rome to Clinton, N. Y.,
Jk Clinton
13 miles. Organized In 1869. Leased In perpetuity in 1891 to Delaware
A Hudson Canal Co. and operated by N. Y. Ontario A Western.
Ry
Rome
RR.—
Rome Watertown A OKdeiisburg HH.—r.svv Map Sew York
Ventral <t Hudson River Railroad.)— Owns from near Niagara Falls to
Massena Springs, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego A Rome RR. and Suspension Bridge to
Lewlston Jet., 9 miles; and trackage to Suspenalon Bridge, 2 miles;
Richland to Rome, 41 miles; Dranohes to Cape Vincent, Ogdensburg,
Pulaski, Fulton, etc., 110 miles; total owned, 414 miles. Leases Utloa
<&
to
Black River Railroad ($1,120,000 of $2,223,000 stook owned), Utloa
Ogdensburg, am* Clayton branch, 150 miles; Oswego A Rome Rail-
:
.
OCT., 1905.
RAILWAY STOCKS AND BONDS.
|
RAILROADS.
For explanation
of
on
Miles
Date
Size, or
Par
of
column headings, Ac, see notes of
Road Bonds Value.
page of tables.
A
Minnesota.
Soekfo'-d Belt— Bee Illinois Iowa
<t Clinton— Stook (rental guaranteed)
<& Ogdensburg
Stock, guar, (end.)
Rome Water/own
97
lstM.,Wat.AR.,RoinctoCaDeVtn.,B.f..notdr'n.o*
Consol M (lnt only Ingold.^OO.OOOareS^sjF.o.
Oswego Bridge Co. 1st mortgage
Syracuse Phenix A Oswego 1st mortgage. [Tie
Nor. A Mont. 1st M.,g., $360,000; $10,000 p. m.N
All
"l7
13
7
28
R. W. A Og.Term.RR. 1st M., gold, assumed .. o*
Osw. & Rome, 1st M.7s ($350,000) and 2d M.Ss.gu.
Utlca A Bl. Rlv. sfk,7 p.o perpet. gu.by R.W.AO.
TJ. & B. R. 1st M., $2,000,000, g., gu. p.AL.Ce.o
Rutland—Stock, preferred (for com. see text)
First oonsol. mort. for $3,500,000, gold. Us 0*&r
L. Cb 1st M., $4,400,000, g.. assu Ce..C*
Rut. Can.— 1st
g., as8um.,$l,350,000.OB o*
Benning<v Rutland— 1st ref.M. g., assumed. N.o*r
2d M gold, assum., sub), to call aft. 1901 N..o*
M
,
,
Chath.ALcb.Val. IstM ,$500 000, g.. p.&i.,gu S
Equipment trusts, g maturing $33,000 yearly.
Equip tr $1,000,000, g., $100,000 y'ly. A K.c&r.
Ogdensburg.Term.Co M.lnt gu.,s.f $10,000 y'rly
Rutland <t WhUeh.aU RR.—Stock (no bonds)
150
150
120
120
127
43 ^
59
59
58
,
Baa. Tuscola <£
7
66
Huron— 1st M..g.,gu.,p.Ai., end. IV .o*
L.Vhampl.— IstM. ($1,328,000 gu.)g.o'
St. Johns River Term. -lat M. $2,000,000 N
St. Jo: <t Or 1st Ry.— 1st pf. stock, 5%, non-cum.
Ceo*&r
1st mortgage, gold
Equipment notes, gold, due $10,000, semi-ann..
St. Law. «e Adirond. Ry.—lst M., $800,000, g.N.,0*
2d mortgage, $400,000, gold. N
St.John.ib.
Bt.L
St.
B
J.
I mm*
Outstanding
100
100
—
A
Amount
first
Horn*
Ogd.
131
<&
$345,360
10,000,000
417,800
9,576,000
100,000
175,000
130,000
1855 100 Ac
1874
1,000
1885
1885
1886
1888
1,000
•65-91
68-71
1890
375,000
750,000
1,103,000
1,000
100
1,000
1,950,000
9,057.600
3,491.200
4,400,000
1,350,000
500,000
100
1891
1898
1K99
1897
1900
1901
1901
1902
1,000
1,000
1.000
1.000
1.000
1,000
1,000
1,000
1900
1894
1902
1,000
1,000
1897
1«04
1896
1896
1904
1,000
1,000
1.0O0
1.0O0
1,000
500.000
500,000
280,000
710,000
120.000
255.700
"Too
1,000.000
2,500,000
1,000,000
5,498,500
4,000.000
245.000
80O.000
400.C00
1,063,000
"Too
251
43
258
l/tx.-lst M.. $i,000,OOO.red.par.sSt.o*
Cairo -See MoBILE <& OHIO.
125
bonus— frmoiINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks— Latt
Rate per
Payable
Whom.
Dividend.
Cent.
A J Clinton, N. Y., by ebeck Jnly,'05.3i«%
Q.-F. N. ¥., Gr. Cent. Station. Nov.l5,'05,l»4
M. A 8.
do
do
Sept. 1, 1910
do
do
July
1922
5 A 3i* A. A O.
do
Feb. I, 1915
F. A A.
do
6
Feb. 1, 1915
do
do
F. A A.
6
Apr. 1. 1916
do
do
5 g. A. A O.
May 1, 1918
do
do
5g. M. A N.
May 1, 1915
do
do
5gA7 Various
8ept.30 05,3i«
do
do
M. A S.
7
do
July 1, 1922
do
4 g. J. A J.
1 In 1903 J. A J. N.Y.,GrandCen.station Jan. 15, '03, 1%
July 1, 1941
do
do
4>«g. J. A J.
July
1948
do
do
4 g- J. A J.
1949
4 g. J. A J. Boston, City Trust Co. July
4>sg. M. A N. N. V. ,G randCen Station Nov. fc 1927
Moh. 1, 1920
do
do
5 g. M. A 8.
July 1, 1951
do
do
4 g. J. A J.
May 1, •06'12
...
do
do
4»9g. M. A N.
Oct., 1906-17
do
;do
4»ag. A. A O.
July. 1916
do
do
4
J. A J.
Q.-F.15 Troy, United Nat. B'nk. Ang.15,'05,11*
6
4 g. F. A A. N. Y., Seour'y & Tr. Co. Feb. 1, 1931
5 g. M. A 8. Boston, Oomp'ys OfHoe. Men. 1. 1944
July 1, 1952
New York.
J. A J.
4
5 In 1902 J. A J. N. Y., Central Trust Co. Julyl5, 02,2i«
4 g. J. A J. V. Y., Central Tr. Co. Jan. 1. 1947
5 g. M. A N First Tr.& Sav. Bk.Ohio. My '06-My,'09
5 g. J. A J. N. Y., Secur'y A Tr. Co. July 1, 1996
6g. A. A O. N.Y. Colonial Trust Co. Oct. 1, 1996
Nov. 1, 1910
St. Louis, Mo.
5g. M. A N.
6H
J.
5
6
,
,
<t
road ($202,200 of $-.114,900 stock owned), 27 miles, and Niagara Falls
Branch RR ,9m; Carth. Watert. A Saok. Harbor, 29 m.; total. 629 in.
Lkabk.— In 1891 leased during corporate existence and renewals to
N. Y. Central, whloh assumes the debt and guarantees 5 p o. on stock;
faranty, see V. 52, p. 463. Utiea A Black River is leased In perpetuity,
per cent on stock guaranteed.— (V. 72, p. 1238.)
Controls Rutland Transit Co.. and operating steam
Rutland
Operates passeners between Ogdensburg and Chicago, Duluth, etc
ger trains into Montreal from Noyan Jet. over Quebec Southern and
Canadian Pacific, and to Troy ana Albany over Boston A Maine and
N. Y Central A Hudson River RR. V. 75. p. 1029,
Miles.
Leased, etc.—
RR. Line* Owned.
Miles.
Bellow's Falls, Vt., to OgLines to Tioonderoga, etc.... 18
densburg, N Y
283
Total operated
Rutland. Vt. to Chatham N Y 114
415
Owns entire $ 0O,< 00 stock and $100,000 4 p. o bonds of Rutland A
Noyan RR entire *1,000,000 stock of Rutland Transit Co and entire
$300,000 stock of Ogd nsburg Terminal Co. V 75, p 1029. (V 73,
In Jan., 1905, ihe N. Y. Central
Hudson
p. 43'; V. 72, p 88, 822.)
River RR. acquired control. V. 80, p. 223.
Stock..- In Jan., 1905, all but $199,400 common stook had been exchanged for prel. ten of common for one of pref V. 72, p. 439.
Dividends * Year '92 to '95. '96. '97. '98. '99. '00. '01. '02. 1903. None
on pref < P. c. 4 yearly.
3
1
since
Accumulated dividends on preferred said to aggregate 160 per cent.
KK.—
i
,
&
.
212234
Bonds.— Rutland Canadian mortgage is for $1,350,000 (see advt. In
Chronicle of .luly 15, 18^ 9). In 1902 $1,000,000 4 Si per cent equipment bonds were sold. V. 74, p. 728. Of the amounts shown in the
table above as outstanding there were in the Rutland treasury Jan.
Leb. 4s, $50,000 Ogdensburg lerm. 4s.
1, 1905, $500,000 Chatham
&
Latest Earnings.— 2 months ending Aug. 31
2
Charges
Bal.,sur.
$680,598 $2 5,116
2,414,451
768,927
678.388
49,063
139.602
Report.— Fiscal 3 ear now ends Deo. 31. Report for year 1903-04
In V. 79. p i7ol.
Ffd'i finding June 30.
1903 04.
190203.
1901-02.
Gross earnings
$2,414,452 $2,376,563 $2,134,382
Net earnings
717,76'
768,928
763 090
Total net income
817,991
8 4,249
923.016
90.H45
Deduct— Taxes and rentals
89,957
86.548
I. terest on bonds
513,432
534 468
491,011
4U.0I2
lnteret-t on loans
1,229
Blnft.fund lorequtp. b'ds.
100,000
100.000
33,000
Special iiup't items
103,043
Div. on pref stock
(1%)90,576 (3%)261,728
G'oss.
Net.
0</i<-rt«o.
$2.49l,«86 $88H,8U
Balance, surplus
$46,86'*
$11,559
w
$7,131
$1,686
11
DirectorsNewman (President). Wm. K. Vanderb It. Pred'k W. V»nderbiit, U. Mi'K iwomiiy
P.
rgan. William Ro •keteilnr, .lames Silllmao
hau ce» M Depew, New Vork; PercivaJ W. I'leoieut, Kutlana, Vt.; W.
and
Seward Wi-do. w..rri»ville, Vt
Fletcher D. Proctor Procior, Vt.; Olin
Merrill. Eu«>nr>org Falls, Vt. Robert Treat, fame ad, B •xton, vt HM ,
(V 77, p 2(133; V. 79, p 1701, lt*50; V. 80, p. 223, 473.)
Rutland
V» lilteball
Owns N.Y. State line to Castleton,
Leased Feb. 1, 1870, in perpetuity to Rensselaer A Saratoga
Vt., 7
$15.342—
RR. (rental
on stook) and so operated by Del.
Hudson
Sacramento
Lake Tahoe Ry.— V. 81, p 11~5.
M
.1
1
;
—
;
RR.—
A
6%—
&
A
Saslnaw Tu«cola& Huron.—Owns
Saginaw, Mioh., to Bad Axe,
66 miles. Stock, $600,o00 par, $100. In year 1898-9, gross, $147,448; net, $45,644, other income, $5,495. Leased to Pere Marquette
BR. for 999 years from Feb. 1, 1900, for guaranty of principal and
interest of bonds (form V. 71, p. 30) and maintenance.— (V. 72, p. 88.)
St.
lair iriadiMon A St. Louis Relt RR.—See Missouri A
Illinois Bridge A Beit RR.
St. Joliiiobury A Lake Cbamplain RR.— Owns Lunenberg,
Vt.,toMaquan Bay, on Lake Champlain, 120 miles, and branoh from
North Concord, Vt., to East Haven, 11 miles; total, 131 miles. The road
is operated independently although a majority of the stock Is owned bv
the Boston & Lowell, leased to Boston A Maine. Notes payable June
30, 1905, $279,211. Stook, common, $2,550,000
pref, $1,298,500:
par of shares $50. In year 1904-05. gross, $356,835: net. $57,212; def.
under charges, (not incl. bonds owned by B. A M and B & L ) $1^,2.3 2.
St. Joseph A Grand Island Ry.— Line of Road— St. Joseph,
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Gower,
Mo. .20 miles, and Gower to Kansas City, 41 miles.
Historv.— A reorganization Feb. 23, 1897 (per plan in V. 62, p.
;
<
;
784,950). of the
St. J.
A Grand
Island Railroad, sold in foreclosure.
Union Paciilo interests are understood to be in control. V. 75, p. 907.
Stock.— Common $4,600,000; 2nd pref. 4 p. 0., non cumulative,
$3,500,000; 1st pref., $5,500,000 (see table above); par $100.
Dividends <p. 0.) * 1898.
1899.
1900.
1901.
1902. None
On 1st pref
. J
5
3
3
5
5
since.
Bonds.— The 1st mort. interest was 2 p. o. till Jan. 1 1899; then 3 p. c
till Jan 1, 1902, and thereafter 4 n. o.
Bonds for $1,000,000 can be
sold only for new mileage at not exceedin* $6,000 per mile. Mortgage
Is for *r> ,000.000 See listing in V 64. p. 1138
In May, lb04, $400 000
5 p. 0. equip. LOtes were issued, V. 78, p. 1783.
.
,
months—
Qros*.
Net.
Int., lax. .etc. Bal.,sur.
$278 375
$104 166
226,847
60,430
Annual Report.— Fiscal year ends June 30.
1905
1904
$61,459
$42,707
15.430
45,000
Report for 1903 04,
In 1904-05, gross,
balance sheet, was In V. 79, p. 2201.
$1,299,013; net, $304,034; interest and taxes, $255,936; balance, surplus, $48,< 97.
President, W. T. Van Brunt; Treas., Graham G. Laoy;
Seo'y, Francis W. Russell, St. Joseph. Mo.— (V. 81, p 614.)
with
RR.—
Bend A
Owns South Bend,
Southern
St. JoMeph *ou th
Ind., to St. Joseph, Mich., 39 miles. Stook, $500,000 common and
Iowa RR. for 50
$250.000 5 p. o. pref. Leased to Indiana Illinois
years from Feb. 23, 1900; 5 p. 0. per annum on pref. and 2 p. 0. on
common are paid Mar. 15 and Sept. 1 5. In Sept., 1904, ig p extra was
paid on common. On Apr. 14, 1905, operation was transferred to the
Mioh.Central V.80,p.l9l3. Nobonds.— (V.80,p. 1913; V.81,p. 841.)
From Malone, N. Y. (on
Adirondack
St.
Mohawk A Malone) to Adirondack Jot., 56 miles, connecting there with
the Canadian Pacific at its 8t. Lawrence River bridge, Montreal In
Jan., 190 s., the N.Y. C. AHud. Riv. RR. acquired control. V. 80 p. 223
Stock $l,61*,00 j; par of shares $100. Dividends, 2k) p. o. paid Sept.
1,1901;
1902. March 2^ p. o.; In 1903, July, 3 p. 0. Current
liabilities June 30. 1905, $48,467; equipment trusts, $31,969.
A
Lawrence A
Hy.—
m
Earnings.—For 9 months ending Mar. 31
*»-(.
9 m. s.
Gross
Charges. Bal., tux.
oth-r inc.
1904-5
$229,695 $110,569
$705
$77,116
$34,158
a.545
1903-4
378
78,262
200 333
87,429
In 1904-5, gross, $300,092; net, $128,903; other inoome, $637;
oharges, $70,965
bal., sur
In 1903 4, gross, $266,990;
$58,575.
net, $11 1,211. President. W. H. Newman.— (V. 80, p. 223.)
,
;
Earnings.— For 12 months ending June 30:
12 mo*.
1904-5
1903-4
m
:
St.
Tex
Louis Brownsville
A Mexico Hy.—Owns
Brownsville,
on Mexican boundary line northerly to Refunio, 186 miles,
operated July. 1905; branch from Harllngen to Sam Fordyoe. 55 miles,
wai- opened in Dec, 1904. Extension is under construction from Refugio
to Algoa, 156 miles, v hence trackage rights have been arranged to
Houston and Gal ceston; extension Is proposed to San Antonio. See
V. 77, p 350; V. 79, p 1024. V. 80, p. 652. B. F. Yoakum of St. Louis
and nan Francisco and associates are In oontrol. In July, 19>>5, the
Rio Gra de RR., Brownsville, Tex., to Port Isabel, 14 miles, was acquired by the same interests. V. 81, p. 265
Stook authorized, $3,850,000; outstanding March, 1905, $1,221^0.
Bonds are issuable at $7,500 per mile; V. 80. p. 1236. Pres , B B\
Yo»«um; Sec, H. W. Adams; V<ce-Prest., R. 1. Kleberg; 2d Vice Prest.
and Gen. Mgr., Jeff N. Miller, Kingevllle, Tsxas.— (V. 81, p. 265.)
,
A
St. Louis
Cairo
St. Lo<iis El Reno
RR.—See Mobile A Ohio RR.— (V. 70, p. 532.)
A Western Ry.—Guihrie to El Reno. O. T.,
42 miles, opened in June, 1904. Extension is proposed from Guthrie
to Peru Jet., K.M11., 120 miles, and from El Reno to a point near Hobart,
75 mues. Stock, $1,240,000 Bonds are subject to call at 10^ •« 00 any
interest day, beginning July 1, 1913, or at anytime at par if an extension is arranged at a lower rate of interest. V. 77, p. 350. President,
J C Van Riper, East St. Louts, ill.; Treas., R. L. Rinaman; Secretary,
Leu is T. Tune —(V. 77, p. 350.)
South. Ry.—See Mo. Pac. Bv. System.
St. Louis Iron IWU.
Colorado
Forest Park (St.
St. Louis Kansas City
Louis) to Kansai City, Mo., 291m.; branch, 1 4 m.; trackage. iTorest Park
to Union Station, St. Louis, 4 m. In May. 1902, the Chlo. R. Is.
Pac
Ry acquired the road. V 76, p. 1'9; V. 74, p. 938; V. 75, p 136, 794;
V. 78. p. 768. Stock authorized, $20,000,000; outstanding Feb., 1905,
$3,644,800; par. $100. Pres., B. L. Wlnohell, Chicago. -(V. 75, p. 794.)
Southeastern
St. Louln ITIemphls
Extends from St.
Louis, at a connection with the St. Louis
San Fran. RR., to Luxora,
Ark., 212 miles; Cape Girardeau. Mo., southerly to Leeohville, Ark.,
118 miles; branches, 32 1 miles; total mileage owned, 681 miles. Stock,
$18,500 000. all owned by the St. Louis
San Krancisoo.
Bonus.—The 4i«B of 1904, guaranteed principal and Interest by
the St. Louis
San Francisco ($16,000,000 authorized). Issued
per plan V. 7#, p. 1908, aie a first lieu on 6S1 miles of road, and
are furrher secured Dy a Ave year trattlo agreement with the St. Louis
A
RR.—
A
A
A
&
RR.—
&
&
A San Francisco and Chicago & Eastern Illinois Old bou is outstanding additional to thes- were in July, 1905; $54,0"0 Pemiscot Railroad 6s. due Oct. 1, 1914; $65,000 Kennett A Osceola 5s, due June 1,
1917; *11 ono 80. Mo & Ark. 5s. due 1939; H<i«ck's Mo. * Arft. 1st 5s,
19 3. $1 1.700; total, $141,700. St. L. M. A S E. 1st 4s, 1952, red 105,
$249 500.
Officers.— President, A. J. Davidson; Vice-President and General
Manager, R. R. Hammond.— (V. 75, p. 291, 1088 1148.)
St. Loals merchants' Bridge Terminal Ry.—Oroantza
HON, —Double-track road from near Union Depot, via Main Street, Hall
8treet, Ac, to Ferry Street, opposite the Merchants" Bridge, 7 miles. It
owns and oontrols the Madison 111. A St. L. Ry., oonneotlng the town
of Madison and East St. Louis, 8 miles; total, 15 miles. Leases Merchants' Bridge for interest on the Bridge Company's $2,000,000 bonds.
As to litigation, V 77, p 299, 512; V. 81. p 32.
Stock authorized, $3,500,000; Issued to Jan. 1, 1J04, $2,939,500;
$100 On Dec 31, 1904, there was due to Terminal RR of 8t. L.
1 ,20*,489 for advances under its guaranty. In Nov., 1893, Terminal
RR. Association of St. Louis <uaranteed by endorsement the principal and interest of its $3,500,000 first mort. bonds and the interest on
par,
1
—
RAILWAY STOCKS AND BONDS.
126.
[Vol. lxxxi.
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.
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N
.
.
.
;
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fco.,
see notes
Date
Size, or
Par
of
of
Road Bonds Value.
of
St Louis.
Ml. Louis Bridge See Tekm. RR. Ass'n
St. L. El Reno <£ TF.-lst M..$l,240,000.g.,red.text
let M., $16,000,000, g.. p.& l.red.
St. L. Si. <t 8.
at. Louis Merch. Br. Term.— 1st M., gu.p.&i., g.SSt.c
E—
42
681
Meroh.B'ge 1st M.,red.aft.Feb.l, 1909, at UO.SSt
126
at. L. <£ No. Ark.— 1st M., g., $25,000 p. m.text.Un
at. L. Rocky Mi. <t Pac— IstM., $15 OOO.i 00 auth.
St. Louis & San Fran.—Com. stook, $64,000,000 1,691
1st pref. stook, 4 per cent, non-oum., $5,000,000 1,691
1,691
2dpf. stk. 4% n.-ou. $31,000,000
K.O.F. 8. A M. pref. stook tr. otf s., $1 5,000.000,gu
O. A E. I. com. stk. tr. ofs., ) payable at 250. « ol.
guar., gold, redeemable, s payable at par Col
Pref 8tk.tr.cert.,$6,830,700, g.,gu.,red.l50.Col
c**r 2,597
Refunding mort., gold, $85,000,000. IWo
Coll. tr. notes red. sec. by St. L M. & S. E. stk
222
Col. tr. notes (St. L. S F. & N. O.), g. red.par.Ta
Notes for Ark. Val. & W. $4,500,000 auth.red.par
.
Amount
Outstanding
N.Y.&Ea»t 8t.L0uIs.IIL
N.Y., New York Tr. Co.
N. Y.,F'rs L.&Tr. & St.L.
N.Y., Farm. L.&Tr. Co
N. Y., Un. Tr., and St. L
& N.
& A.
& A.
& J.
& O.
& J.
&O.
& O.
& O.
& 8.
& J.
& O
N. Y., Mercantile Trust,
—
1876 100 &o.
1879
1.000
1880
1,000
1881
1,000
1887
1,000
1896
1,000
1897
1,000
1899
1.000
1900 500 &c.
1879
1,000
1,000
1888
21 1902
1,000
Bir. Belt 1 st M., g., red lt»2ia, gu.p.&i.end.OB.c"
" in July, 1905, $11,000 Southern Missouri & Arkan sas bo nds wer e
additional deposited In spe oial tr usts. Fo r
a Exclusive of $125,000
.
'
The 6s are subject
to call after 20
gross, $1,520,238; net, $740,878; charges,
323,408. -(V. 81, p. 32.)
Seligman, Mo., connecting
St. Louis Ac North Arkansas
with the St. Louis <fe San Francisco By., to Leslie, Ark., 128 1* miles.
In July, 190*, the Southeastern RR , incorporated in December, 1902,
with $3,600,000 capital stock, by the same interests, proposed to
build an extension from Leslie south to Little Rock, Ark., 144 miles.
Successor by purchase Feb. 1, 1900, to Eureka Springs Railway.
The first mortgage of 1900 was to secure $3,212,500 5 p. 0. gold
bal., sur.,
RR.—
bonds on entire proposed line of 128 Sa miles, at $25,000 per mile,
per plan V. 69. p. 645. 8tock, $1,712,500; par, $100. For year ending
June 30. 1905. gros«, $257,999; net, $76,618; other income. $44,406;
Int., $153,275; taxes, etc, $14,935; bal., def, #47,186.
Free., John
Soullin, St. Louis; Sec, W. 8. Roberts, Eureka Springs.— (V. 73, p. 900.
St. Louis Rocuy Mt. & Pacific Co.— (See Map.)— Owns in fee
189,400 acres of coal lands and coal rights and surface necessary for
mining in 314.3<>0 acres near Raton, Colfax Co., N. M. In Sept., 1905.
contract was let to build a road from Des Moines. N. M., on the Col.
South to extend westerly to Raton and thence southwest to Cimarron,
to the Elizabethtown mining district, a total of about 120 miles. Stook
,
authorized, oommon, $10 000,000; pref (as to assets and dividends),
5 p. 0. non cum $1,000,000. See full statement, V. 81, p. 265, 900.
Fisk <S. Robinson financed the enterprise.
Bonds.— The bonds ($15,000,000 authorized issue) will be seoured
by a first lien on the entire coal property and by $3,500 000 each (entire issues) of stock and bonds of St. Louis Roohy Mountain
Pao RR.
Of the bonds, $3,000 000 will be issued to acquire the coal ropertles,
$500,000 to improve them and $3,500,00010 build and equip the 120
miles of road The remainder will be reserved for future requirements. V. 81, p. 156. President Henry KoehlerJr., St Louis, Mo.
Treas , Charles Springer, Cimarron, N. M.; Sec A. H. Officer. Offices
Raton, N.
and Missouri Tr Bldg St. Louis. Directors, V. 81, p.
1101. -(V. 81, p. 156, 265,730, 900, 1101.)
St. Louis
San Francisco Kit.— (See Map.)— Road.—As
shown by the map, the system embraces USee this Co.
,
&
,
M
&
owned—
:
Lines
Miles.
543
St. Louis,Mo.,toOkla.,0. T
Springfield, Mo., to Knoohe
Jot. (Kan. City), Mo
189
Monett, Mo., to Red River..
286
Oklahoma, O. T., to Red Riv. 175
Sapulpa, Ind. T., to Denison,
Trackage—
Knoohe Jet. to Kansas
City..
—4
Leased and controlled by stock
K C. Ft. 8. & M. and trackage. U916
Kan. City Mem. & Birm
286
Operated independently— Miles.
Fort Worth & Rio Grande.... 196
Tex
193 Paris & Great Northern
17
Peirce City, Mo., to Ells8t. L. San. Fran. & Tex Ry..
worth, Kan
324
(incl. 31m. track to Fort
Hope, Ark., to Ardmore. I. T 224
Worth)
125
Beaumont, Kan. to Red River 318 St. Louis Memphis & S. E... 1T681
Fayetteville, Ark., to OkmulChicago & Eastern Illinois . . TI947
gee, I. T
144
Total June SO, '05, (inoludTulsa, I. T., to Avard, O. T. .
175
lng 258 miles trackage).. 6,022
Branches in Missouri, KanEvansville * Terre Haute ..
sas and Arkansas, etc
281 Birm BeltRR.(V.75,p.ll48) 331
21
Also owns jointly with Atch the Kan. 80 Western Ry., 59 miles.
The new north and south freight trunk line to New Orleans opened
In Jan., 1905, includes Chicago & Eastern Illinois, St. Louis
Memphis & Southeastern and St Louis San Francisco & New
Orleans, thence reaching New Orleans by Mobile & Ohio, New Orleans
& N. E and Illinois Central trackage V. 77, p. 38, 148; V. 76, p. 1144:
V. 77, p. 239 1; V. 78, p. 49; V. 79, p. 152.
Org animation— Organized June 30, 1896, to succeed to the property
and franchises of the Railway company sold in foreclosure and reor.
per plan in V. 62, p. 829 and 1140—see also p. 742. The system, then
aggr- gating about 1,500 miles, has since been increased to its present
dimensions by the construction or purchase of numerous lines and the
acquisition of a controlling interest in various others, as stated below.
In May, 1903, the Rock Island Co. acquired $27,988,3o0 of the $29,000,000 common stock, the latter receiving (per $100) $60 in oommon
stock of the Rock Island Co and $60 in 5 per cent gold bonds of 1913,
Of the Chicago Rock Island & Pacific BR. See those companies, V. 76
p. 1086, 1249.
In 1902 Birmingham BeltRR. (V.75, p. 1148,) 21 m. of track around
Birmingham, Aja., was purchased; also the St. Louis San Fran. & New
Orleans By Hope Ark., to Ardmore, Ind Ter 224 miles, oompleted
In Jan., 1904. V. 74. p. 1197; V. 75, p 75, 343. An extension was
01
2?llChic. & ??• Loui8 10 Shelbyville, HI., 95 miles, at a connection with
the L.? ?; East. Illinois. V. 75, p. 291.
The entire sto"k of the St. Louis Memphis & Southeastern RR. was
acquired in No v., 1902. See separate statement and V.75, p 1087,1148.
The Arkansas Valley & Western RR., Red Fork to Avard, Okla., 175
miles, has been operated from Mar.l, 1904. V. 78, p. 49, 1168. Houston
Beaumont & Northern, V. 78, p. 49, 1392.
The New Orleans Terminal Co. was organized Jointly by the St.
Louis & San Franoisco and Southern Ry. systems, and issued 4 p. 0.
old b< d (P/esent amount $7,000,000), whioh are guaranteed Jointly
u.
f y the £. t & S. F. and the Southern Ry. V. 77, p. 38; V. 76, p. 1144.
St. L.
Dj. May, 1901, acquired over 90 per oent of the stook
of the Ft.
Worth & Rio Grande Ry., Fort Worth to Brownwood, Tex., 146 m.;
an extension, Brownwood to Brady, 49 miles, was completed Mar.,
,
.
,
,
2,050,300
g
f g.
129,000
6
195,000
6g.
9,484,000 5& 6g.
439,000
5g.
1,558,000
829,000
145,000
47,000
304,000
2,923,000
4 g.
1,000,000
4g.
ontstandtn g.
underlying bonds d
"
M.
F.
F.
J.
A.
J.
A.
A.
A.
M.
J.
eposited
July
June
Oct.
Feb.
Jan.
1953
1909
1930
1929
1941
1,
1,
1,
1,
1.
1955
Checks mailed.
Oct. 1, '05,1%
do
Sept. 1/05, 1%
N. Y. Merc. Trust Co. Oct. 1, '05,1%
Checks mailed.
July 1, 1942
do
do
July 1, 1942
do
do
July 1, 1942
N. Y.. Morton Tr. Co.
Jiuy 1, 1951
New York.
Deo. 1, 1906
do
Deo. 1, 1908
Feb. 1, 1912
Nov.
Aug.
Aug.
July
do
do
N. Y., United States Tr.
N. Y., Mercantile Trust.
N. Y., Union Trust Co.
N. 1"., Mercantile Trust.
N. Y. Mercantile Tr. Co.
Oct.
July
Oot.
1,
1,
1,
1,
1,
1,
July
do
do
do
do
do
do
N.Y.,H.B.HollinB & Co.
tf. Y.,Meroant. Tr. Co.
1,
1.
1,
1,
1,
Oot.
,
1,
Apr.
Apr.
Sept.
1906
1919
1920
1931
1987
1996
1947
1929
1930
1919
1928
1922
as security, see text.
<fe
Memphis and Chicago & Eastern
"Stock Trust Certificates" below.
Stock.— Oommon stook issued, $30,808,000, of which $1,808,000
held in treasury. The oompany reserve «m right at any time to redeen either or both classes of pref. stock at par in cash. Provisions
1904.
Kansas City Fort 8oott
Illinos, see
Earnings.—Year 1904.
$417,470;
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable and by Stocks—Last
Payable
Cent.
Whom.
Dividend.
& J
1903 $1,000 $1,240,000
4g.
& D
"15,488,120
1904
A. & O
1890 500 Ac
3,500,000
§* F. A.
1889
1.000
2,000.000
1900
J.
5 g. J.
1,000
3,065,500
1905
See text.
5 g.
100 29,000,000
......
100
Q.-J.
5,000,000
100
16,000,000 4 in 1904 Q.-M.
100
13,510,000
4g. Q.-J.
100
See text.
10 g. J. & J.
See text.
4
J. & J.
1,000
100
6.2U.700
Q.-J.
1901 l,00O&c a60.104,000
J. & J.
1904
1,000
4.993,317
6 g- J. & D.
7,0i3,8:-fl
1903
1,000
4*ag J. & D.
1905
419
F. & A.
4,000,000
Bonds underlying refunding 4s.
294
2d mortgage (now 1st), Series A, B & C, gold
82
Mo.<fe W. Div. 1st M., g.,$5,000yearly dr.at 105 .0*
101
St. L. <fe San F. col. trust gold, s. f. notdrawn.Us.o"
Gen.M.jg.(l8ton 365 m.)$3,fr 81,000 are 6s.Ugc* 986
o*
64
Collat. Trust mort. on branches, gold I n
Consol. mort., $50,000,000, gold, no optlon.Me 2,393
Southwest Div. M. $1.500,000 red. at par, g.Ceo' 112
Cent Div.lst M., g, $3,462,000, red. at 102V N.o* 103
Northwestero Division mortgage, red. i02J2.No* 106
145
o*
Bt.L.Wioh.<feW. lstM..red.atl05,gold
F.Worth & R. Gr. 1st M., g., old 5s, int. red.Ce.c* 196
$2,000,000 Merchants' Bridge 6s.
years at 110 and interest.
127
,
were in Supplement of Apr., 1897, p. 6.
Dividends.— 1897 1898. '99. '00. '01. '02. '03 '04
1905
First pref
2 p. ot.
4 per oent per annum.
4
4
Second pref
1 p. ot. 2
2
3^
4
4
4 (9mos.,)3
Stock Trust Certificates.— Kansas City Ft. Scott & Memphis Ry.,
Kansas City to Memphis, Tenn., with branches, 871 miles,
was acquired in 1901; its entire stock is owned and road leased for
Interest on bonds and 4 p. o. on pref. stook trust certificates (see above
table), the new refunding bonds being guaranteed, prin. and interest.
See K. C. Fort Scott & Mem. in this Supplement and V. 72, p. 438,
532 581 1238.
In July,
905, all of the $7,217,800 oommon and $6,211,700
of the $8,830,700 preferred Chioago & East.Illinois RR.stook had been
aoquired, the St. L. & S. F. giving in exchange its stock trust certificates
at the rate of $100 for each $100 share upon whioh 10 and 6 p.o. dlvs.,
respectively, are paid.
Tne stock trust certificates so issued were
based upon the deposit of shares of stook of $100 par valu« eaoh, but
were redeemable on or before Oot 1, 1942, at the rate of $250 for
each share of common and $150 for eaoh share of pri-forred. In 1905
of pref. certificates
'
•
the holders of a majority of the oommon stook trust certificates, preferring to have a security redeemable at par instead of at the rate of
$2r>0, exchanged their certificates for a ne *r for o in tue denomination of $1,000 each, representing the deposit of four shares of ttock.
Interest on these latter certificates is payable at the 'ate of 4 p. 0. per
annum, so that both the Income and principal are unchanged only
the form of seourity being changed. (8ee form v. 80, p, 1«57). See
Chioago
East. Hli. on a preceding page and V. 75, p. 291, 393, 1031.
Bonds—Consol. mortgage of 1896. see abstract in V. 64, p. 186.
REFUNDING 4 PER CENTS OF 1901, $85,000,000 AUTHORIZED.
The refunding 4s are issuable and issued as follows <V. 77, p. 2391)
Authorized
Issued.
1. To retire underlying bonds
$62,500,000 *$42,624,600
2. For improvements, betterm'ts, new equipment, etc., at $1,000,000 per year
6,0'0,000
5 000,000
3. Additional lines, extens'ns, etc., at cost .xl6,500,000
12,604,900
—
&
.
Total
$85,000,000 t$60,229,000
To retire tSi.94«.7O0 underlying bonds mentioned below
x At not exceeding $33.<>0'> per mile (incl. underlying liens)
*
exceeding $22, no per mile
+ Includes
:
(incl. underlying liens) $12,o"0,0
*125,0u0 in trust for Northwestern Division
$4,500,000; at not
0.
Improvement fund.
The underlying bonds which have been deposited as security under
the refunding mortgage, and whioh are therefore kept alive, are:
B. & C. 6s Of 1906
$3,589,700 Southwest Dlv. 5s
$171,000
868C00 Cent. Div. 4s
Mo.&W.Div.6s
1,817,000
8t. L. Wch. & West. 6s
1,696,000 St. L. Okla. & So. 4s (all)
4,650,000
Trust 6g of l»80
7*1,000 Kansas City Div. 4s (all)
3,824,000
Ft. Smith & Van Bur. Br. 6s..
157,000
do
do
3s (all)
97H.0OO
Gen. mort. 6s of 1881..
4,124,000 Northwest. Dlv. 4s
1,253,000
do
5s
6,484,000 Consol. 4s
6,983,000
A
.
Trust 5s of 1887
660,000
There have also been aoquired and deposited under the refunding
mortgage the following; stocks and 4 p. c. bonds, representing new extensions (being the entire Issues on account thereof), the latter aggregating 580-73 miles. (As to location, see V. 77, p. 1538, 1537).
Vame of road Miles.
Stork.
Bonds.
Oklahoma City & Western RR
174 85 $5,0j0,000 $4,023,000
Oklahoma Oity & Texas RR
8-68
.
...
..
.
Ft. Worth & Rio Grande Ry
49-72 112,342,000
§994,000
Sulphur Springs Ry
8-72
200.000
174,000
Blaofe well Enid & Southwestern Ry.. 238-67
500,000
4,500,000
BlackweU Enid & Texas Ry
12-75
173,000
Red River Texas & Southern Ry
87-34
400.000
815,000
St. Louis 8an Fran. & Texas
U08'77
204.000
IT SubHtant.ially the entire issue.
S Issued tor extension from
Brownwood to
Brady. Tex. (entire amount); total length of roid. 195 84 miles, balance of
issue. $2 923,000. being in hands of public.
+ Includes mileage of Oki. C. &
Tex.. Bl. Ka A Tex. and Re iR.T.4 So., all merged.
& Cherokee Central
and St. Louis Mempb 1 s & 8. E. guaranteed
2335, 1908; also those com, auies.
COLLATERAL TRUST GOLD NOTES.
Of the $9,160,000 of 5-year 4>a per cent gold i.otesof Deo 1903,
$7,125 000 are Issuable, per plan V. 77, p. 2281, to acquire the entire ($1,060,000) outstaading preferred stooa of the St Louis San
Francisco & New Orleans RR., extending from Hope, Ark., to Ardmore, I. T 224 miles with proposed Platte out off, 9 miles, and the
St. Louis & San Francisco New Orleans extension oollatera.1 trust 4s,
the latter being seoured by all the issned first mortgage bonds ($6,487,000) and all the $6,021,000 outstanding common stook of the St. L.
S. f. & N. O. RR.
The gold notes issued are thus virtually secured by
a first Hen on the St. L. S. F. & N. O. RR. The remaining $4,0*5,000
notes are reserved against deposit of additional extension bonds hereafter issued in proportion of $900 notes to $l,00i) er^ension bonds.
The notes ar« subject to call as a whole or in amounts of not less than
$250,000 on 30-davs' notice.
The collateral trust 2*fl-year notes due Deo. 1,1906 ($5,000,000
authorized issue) ate seoured by deposit of the entire ($18,500,000) St.
Ozark
bonds, see V. 78,
p.
.
,
128
RAILWAY STOCKS AND BONDS.
Vol. lxxsi:„
RAILWAY STOCKS AND BONDS.
Oor., 1905.]
RAILROADS.
For explanation of column headings, Ac,
on rut page of tables.
Date
"an Francisco— Concluded)—
W A E .«t«m
K
Chicago &
and Kan.
91. Irfruit
Ft. 8
1885
A
M
1890
Trunk— 1st M., g., Int. guar.C
fot— 1st M., g., Int. as rental ..
Oonsol. M., gold ($100,000 are 4s), Int. as rental
Salt Lake dt Los Angeles— 1st mort., gold.lTlo. c
Ball Lake <£ Verrur— 1st mort. $3<H),000, gold.B.
San Antonio <£ Aransas Fass Stock
1st M., $21,600,000 g., guar, p. A 1. <end.).Ce.o**r
San Diego (>ni/amaca <£ East. Ry.— 1st mort.,g.ItI«dt
No. Pacific— 1st M.,gold,
8.
f.lUe.o**r
56
15
12J*
723
25
165
60
1893
1,000
1888 500 Ac
1889
1,000
1898
1,000
Dlv.
on
O.
A
stock :!
Total net Income
Deduct— Taxes
Int..reni*K etn
K C Ft 8 AM...
Improvement-, et ....
Dlv.C A E l.stk. tr.otfs.
Dlv. on 1st prof., 4 o. o.
Dlv. on 2d pref 4 p. o..
Dlv.
1901
1892
1893
1898
26»«
Plac ID.
M 1«»7
$9,156,837
•70s,75*1
199,742
640.000
,
13'i,170
6,792,896
640,4001
7X.534
964.702
1^9,742
640,000
8*9,222
199.742
640 000
Balance, surplus
$R34.975
x $184,386
x$42 3,896
x In 1904 05 the Chicago A East. Ill had a defi it aft°r payment of
dividends of *«0.2-^, making total surplus of svstena for the vear
$104 1*1. In 1M03 04 «dd surplus for year of Chi. & E*«t 111 (afterpayment of dividends) viz $75 ,952; deduo Ch. A E 111. hetrermen s,
$400 121; net $357,831. Total surplus of system, after betterments,
$781,727; before betterments, $1,198,567.
Officers -Chairman of Board. D. G. Reid; President, A. J. Davidson; l"t vice Pres., Robert Mather; Secretarv and Treas., Frank H.
Hamilton; Comptroller, C. W. Hillard. N. Y. office, 7) Broadway.
Directors— .July. 1905.) B F. Yoakum, D. G. Reid,
K. Bixbv»
F. L Htne, W. H Moore, W. B. Leeds and J. H Moore or New York;
Nathaniel Diaver, Renj. P. Cheney of Boston. Mass.; H. C Pleroe,
A. J. Davidsou and James Campbell, St. Louis Exeoutlve Oommitree,
B. F. Yoah inn (Chairman). James Campbell William B Leeds, james
H. Mo -re. Willatu H Moore and Daniel G. Reid -(V. *o, p. 1424, 1729
1857, 2400; V. 8
p 266.508,559, 1015, 1239, 1259.)
,
Wm
.
.
LouIm Nan KraiK-lHco & Texas Ry.— (V. 79, p. 2148
LoiiIm No« tli western Hf.-(Sc« Map.) — Embraces:
ST. LOOM SOOTH WESTERN RT CO.
ST. LOUIS BODTHW. RY. CO. OF TEX.
St.
St.
)
|
Main Line— <"Hlro
i.o
Texarkana. 419'0
(irackage)
I
M tin Line—T«XHr«auatoGatesv.3"i-9
W
Fort
>rth Brinch
97-2
Madrid B'inch
4>'2
Dallas Bran b
1M7
Point B anch
<J*-7
Grave
Rhenuan Branch
Ir9'9
Btutteart Branca
8J*8 Hi. Isboro Branch
4'rO
44*4
Little Ke.-t B'anch
Luttin Branon
V5 I
Shrevep ti Banch
«l 2
Toial o' al opurtted mileage June 30, 1905
1.451-6
Also ha-< St Lout- Iron Mountain
Houthern truckage, not included
In operating accounts, viz.: St. Louis to Bismarck. Mo.. 75 4 miles: Bis
m-irck. Mo , to Delta, 74 miles Memphis, Tenn , to Fair Oaks, Ark., «0
miles, making the total lines 1,6^1 miles. V. 77, p 90. Of r he 1307
miles main track, n are laid with 85-lb , 617 with 75-lb., 30 with 70-lb.,
610 with 66 lb. and rest with 35 and 60-1 b. steel rails.
Illinois I'lvisl .n
New
.
188 2
I
-
&
Organization.— Reorganization per plan In V. 50, p. 141, 561, of St.
Louis Arkansas A Texas, sold In foreclosure In October, 1890.
Stock.—Stock issued, common, $16,500,000; authorized amount tnereasedin i902 to $35,000,000; pref., 5 p. o. non-oum - 20,00O,000
of whioh In treasury June 30, 1905, common, $143,900; preferred.
-
,
Par of shares. *100.
Bonus.—The first mortgage certificates are Issued against a like
tlrst mortgage bonds secured upon the constituent lines
amount of
at
a rate not exceeding $16,500 per mile, and the seoond mortgage certificates ajralust second mortgage bonds at $8,250 per mile.
The ttrst consols of 1902 (authorized issue *25.000 000), are secured
toy all the property of the company, subjeot to the prior outstanding
bonds. Of the amount $6,000,000 were issued to retire $1,70<».000
equipment bonds and other capital requirements; $9,O00.0O0 were
reserved to retire by exchange the $10,000.()00 seooud mortgage
Income bond* (of which $6,739,500 had oeen acquired in July 19o4)
and the remaining * 10 000,' 00 for the acquisition of branch lines at
not over $20.00o per mile, acquisitions and improvements (V 75 n
136) See V 74, p 328. 578, 630, 831; V. 75, p. 790; V. 77, p 2160
V. 79, p. 21 18; V. HO, p 473, «72. Equipment trust notes in hands o
public June 30 190 ^.$1,058,334.
Gray's Point Terminal guaranty in V. 69, p. 1062. St. L. So. W. owns
all stock and eases road for ttftv vears.
(V 65 p. 413 )
The 8hreveport Bridge 4 Terminal Co., whioh Is controlled, is leased
for 50 yea s tr nn Au^. 1, 1905, Its $500,000 bonis being guaranteed.
V. 81, p.!0y7, 1101.
$106,350.
5
g.
J.
J.
J.
900.000
$10,023.5^2
1,064,182
l.Ooo.OOO
17, 544,000
550.000
3,903,000
ooo
607,132
]
1955
J. A"b. Miss. Val. Tr. Oo ,8t. L.
5
J. A J. New York and Loudon.
5
6g. J. A J Otnoe.U.AN W. 52 Wall.
6 g. M. A N. N. Y„ Central Trust* o
4g.A5g. M A N. Northwestern Trust Co.
Salt Lake City.
6 g. J. A J.
5g. M. A N.
J
J
M.
l
I
6,473.559
&
g.
g.
See text.
2.50O.000
4,940,000
2,964.000
375,000
823418
......
>
2t0,00<>
5
1,000
1.000
1,000
1,000
1903
117
198
198
$24,2*9.510
8,4 13.533
$11,493,336
848,696
8,015,929
640,400
983.3*0
1,120.000
250.0O0
250,000
300.000
&
£«•
Fe
826,896,731
9,140.479
59.695
832113$
)
E. 111.
500 000
&
4
4
500.000
50",00
J.
A.
5
Apr. 1, 1910
A
MAN
4
5g. A.
A
10,t>6 1,223
4
O. N. Y., Mercaut. Tr. Oo.
N. Y.. Blatr&Oo.
D.
June 1905-11
A A. N. Y., R. Wlnthrop ACo FVb 'OR Ag.'ia
do
do
To May I, '12
M'nthly 8t L., Am. Oar A F Co. To Mav. 1918
N. Y.. Blatr
Co.
Jan'OOOoflO
J. A J.
M. A N. N. Y., Central Trust Co. Nov. L, 1989
N. Y., Merc. Trust Co.
Nov. 1 1989
J.
J.
June 1, 1933
J. A D N. Y., Bowl. Or Tr Co
St. L. Deo
I. 1947
J. A D. N. Y.B.Qr.Tr.
J.
F.
990.000
& Southeastern and St. Louis A Gulf s'ooii. They are
subject to o 11 at par V. 78, p. 1908, 2335; V. 79, p. >7»8.
The 4»« per cent notes of 1»05 ($4,500,( 00 authored issue) are
secured by the entire $4,500,000 Arkansas Valley
Western bonds
and $4,500,' ,oo stock. Of the notes, $4,000,000 were s«>ld. $v>0.000
balance tie tng reserved until that amount Is expended on Ark V. A W.
V. 80, p. eOl.
Latest Eakns — 2 xob., > 1905.... Gross, $6,70<* ,318; net, $2,905.4 55
July I to * tig. 31
6,i95,9.*7; net, 2,231,906
$ 1904.... Gross,
Road operated *,022 average miles In 1905, against 5 837 In 1904.
Ahnual Report.— Report for the year ending June 30, 190 5. showing operations of system, comparison being male with same lines for
preoediug years, was given at length In V. 81, p 1239, 1259; see also
editorial. Chronicle Oct 28.
Tear ended June 60—
1905.
1904.
1903.
Average miles
5,"30
3,< 75
4,217
$29,953,240
5
5
1,000
1,000
l.OoO
Louis Memphis
Gross earnings
Net earnings
Other (no nie
6g. A. A
1,090.6**
1,0. 4,000
20,000.000
3.260.500
16,67*,O00
l.OUO
When Doe.
When Where Payable, and by Stocks— Last
Payable
Whom.
Dividend.
pantos
852,000
86H.OOO
700,000
1.0<)0
100
8.
com
4
500
$& *
1901
1902
1HH3
l«80
1894
1893
1898
—
North w, 1st M, $2,000,000, g., gu.p.AL.s.f
San Fran, dt Sun Joaquin Vat.—See Atch. Top. &
-Son Fed Los An. <t 8 Lake-lst M., $50.000.000,g
Santa Fe Central— 1st M., $2,500,000,g. P PI
o*
Santa Fe Fres.dk /Vw5nix-lstM..$5,000,000,g.WIe.c2d M.. gold
<e
Presoou & East.. 1st M., $375,000, p. & 1. gu.Oe
Lake
Saranar <e Lake Fla-id- See Chateacgat &
Sanlt 8*e Wan* ftndae— 1st M.. g..s.f..dr'n at 1 lO o
ee those
»
D
Cal.
1,000
1891 500 Ac.
1902
1.000
1897
1.000
.
KaHte.rn Or.
Paul Union
hi H 8
11*0.1
.
<fi
|'
5.000*0
1902 4,000 Ac
19»2
1903
,
&%n Fran
Cent.
$50,000
$1,000
Me, in
1901
,
Paul
Rate per
!
Bridge 1st M.,K.,dr.atl05,guar.p.At.o*
Illinois
Olty Fort Scott
Equipment notes, payable s. a. (V. 73, p. 131 i.i
$62,000 due s.a
Equip notes, g ser. B .red. par.,
do g ser. O. due $50 uoO seini-ann'iy
do
do gold, ser. E, $12,188 monthly
do
do
do g.ser F. due $58 000 quarterly N
St. Lou. Sonttiw.— lot M. otfs. ,$16,500 p. m., g.< le.o' 1.223
2dM. 4% lno..$l0.000.00O,non-oum.,gold.I»I«.c* 1,223
lstoonsol. mortgage. $25,000,000, gold h c'*r 1,271
16
Gray'* Pt Terin'l. 1st M., gn., p.Al.e.g.SSt.o Ar
Shrtvtpn i B d,e dt Terminal— 1 st mortgage, g. ..
$50 ),000. ..AO
St. Luui- Tn, v <t Kuuiern.— 1st
101
tin If 1st M., $1,225,000, g. & & F.
St. L. Waik
St.
St.
Par
pal.
Amount
Outstanding
Road. Bonds Value.
ti
Bonds— Pnaal-
INTEREST OR DIVIDENDS.
Size, or
of
MlleM
Of
see notes
J29
g.
J
A J.
A J.
A J.
A O.
A J.
A D
A S
& J
A O
A J.
Deo
Jan.
1.
1,
1,
1,
1,
1,
May
2,
1924
1930
1912
1930
1944
1913
1918
Jan.
N. Y., Cent. Trust Co
percent pd. In 1901-2 July
N. Y. ,25 Broad, AFr'k'ft Jan.
San Fran. A New York. Apr.
1,
1,
1,
1,
1948
1918
1919
1928
1,
1,
Jan.
Jan.
May
May
1
New
N
Y..
44 Walt
July
Apr.
1,
1958
1941
1942
1943
1928
July
1.
1937
July
York.
Pittsburgh, Pa.
N. Y. Mercantile Tr. Co
N. Y.,5 Nast-au Street
N. Y.. Central Trust Co,
Rt.
Deo.
Sept.
1,
I,
Earnings. -2 mos., ) 1905
July 1 to Aug 31. $1904
Gross, $1,389,058; net, $338,164
Gross, 1.356,120; net, 428.043
Annual Report.— Annual meeting is held at St Louis, Mo., on the
Report for 1904-05 was in V 81, p. 1097.
Irst Tuesday in October.
1904.
1903
1902.
Year ending June 30—
1905
(iross earnings
$8,860,231 $7,649,485 $7,27t-,575 $7. 267.500
Operating expenses. .. . 6,a 19,373 5.421.597 5,256,161 5.173,066
$2,640 858 $2,v27.888 $'2,022,411 $2,094,194
Netearnings
rot. net, lnol. other Inc. $2,823,833 $2,3"4,357 $2,205,014 $2,183,213
161.750
195,619
218.195
174,515
Taxes.
Int.on 1st A con morts.. 1,373.076
1.304,600 1,297,200
814.848
400.000
130.460
130,460
Int. on 2d mort. bonds.
130.420
Equipment payments
385.413
25,000
59.143
51 .''28
131.414
58.320
Rentals, etc
$».e.liK)
Bal. over all paym'ts.$l,043,8^2
$53s,408
$564,375
Officers.— President, Edwin Gould: Vice-President and u»aeral
Manager, F. H. Britton: Treasurer. »+. K. Warner: Sec, Geo Rrhelding.
inrwn.rv—
G.mld, N»» York; R M. Gallawav. Howar< «h>mH,
Win»lo»S Pienie, William H. Taylor and B.T JeJTan, New Tort: Murray
Carlotna. T. II Britton and Cbarles Partms. 8t. LouIh
Oltioe. 195 Broadway, N. Y.— (V. 81, p. 614, 665, 1097, 1101.)
East St. Louts. 111., to Troy,
St. Louis Troy
Baxtern
111., with branch,
1 mile, to Donkvtlie, 111; total. 20 miles of road
(27 ig. miles of track)
Stock. $350,000, all outstanding; par of shares,
$100. For vear ending June 30, 1905. gross, $393,409; net. $203,440; other income *25,322 total deductions, $1«,610; dividends,
»87,50i»; bal.,siir ,$141 262 Car trust- June 30, 19'»5 $59,490 Pres.,
Edwin H Courades; Sec and Treas.. Julius L Winkelraever Office. 314
N. 4th St. St. Louts, Mo (V. 77. p. 251; V 79, p. 2087; V. 80 p 473.1
Wwm
RR.-
A
—
RR.-See Vandalia RR.
Charles to Alexandria,
See V. 74. p. 630, 681.
La., 98 miles, with two branches 3 miles
Stock auth., $1,225,000; issued, $993,360; par of shares, $20. Bonds
authorized, $1,225,000; present Usue, $983,360, consisting of $5<>.i.o00
in $500 bonds and £100,700 in £100 bonds, valued at *4 87 per £.
The St. Louis iron Mountain A Southern (Mo. Pacific System) In i905
acquired control. V. 81 p. 50».
Vear ending June 30, 1904, gross. $260,051; net. $103,292; charges,
$63,654; bal.. sur $39,638. Prest , Geo. J. Gould. -(V. 81, p. 508.)
St. Paul.— See Chloago Milwaukee A St. Paul.
St. Paul Eastern (.rami Trunk Hy.—(See Map Chicago A
S. W.)— Owns from Oconto to Clinton ville. Wis., 56 miles. Leased
Oct. 30, 1884, for 99 years to Milwaukee Lake Shore A Western.
Rental 30 per cent of gross earnings, interest on bonds being guaranteed.
Lease acquired Aug 16, 1893, by Chicago A North Western
through purchase of Milwaukee Lake Shore A Western.
iTh»i St. Paul Union DepotOo.—Owns Union Passenger Station
with 8*76 m. of traok (additional tracks being put in July, 1902). the
stock being increased from £350.000 to $9,000,000 for Improvements
in progress; owned equally by the following:
Great Norttiern, Xortnern Pacific, Chlo. 8t. Paul Minn. & Omaha. Chto. Mil.
A Si Paul, Onto Great Western, Chic Bur. A Oiiiuoy. Mian. St. Paul A 8. Ste.
Marie. VI nn A "*t. Lou 'S an me ''hie. K. I. & Pac.
Authorized stock, $l,o00.000. Rental oo vers interes t on bonds and
4 per cent on stock since May 1, 1902; from 1890 to May, 1902, 6
per cent dividends were paid. Year ending Deo. 31, 1904, g-oss. $188.864; net, $25,935; other Income, $31,565; int. on bonds, $26,500; dividends, $36 000. Pres., A. W.Treuholm; Vioe-Pres., S. C. Stiokney; Sec,
W. G. Johnson.— (V. 74, p. 1090.)
St.
St.
Louis \ anrialla A Terre Haute
LouIm WaikliiM A Oulf Rr,- Lake
,
i
Salt Lake A Los Angeles RR.—Road from Salt Lake to SaltBeaoh, Utah, 15 miles, standard gauge— see V 65, p. 824 stock
$300,000. Leased to J. E. Lang lord for 1 year from April 15 1905.—
air
(V. 65, p.
Salt
824)
RR.—
Lake A
Itfercnr
Fairfield to Meronr, 12ifl miles.
Stock, $300,000; par of shares $100. Bonds, see table. Calendar year
1902, gross, $79,053; net over taxes, $27,231. Preaideat, L. L. Nunn,
TeUuride, Col. (V. 77, p. 770; V. 79. p. 1024.)
San Antonio
Aransas Pass Ry.— Owns from Kerrvllle to
Houston, 308 miles; Kenedy to Corpus Chrlstl, Tex., 90 miles Yoakum to Waoo, 171 miles; Skldmore to Alice, 43 miles. Shiner to Lookhart, 54 m.: branoh. 21 m.; total, June 30. 1903,687
all 50-lb.steeL
In June, 1904, extension from Alice to Falfurrias, 36 in., was opened.
History.— Reorganized without foreclosure sale in 1H93.
Bonds.— Mortgage is for $21,600,000 (trustee, Central Trust Co.)
and the So. Pacific Co. by endorsement on eaoh bond guarantees unconditionally " the punctual payment of the principal and Interest."
Bonds for $2,700,000 reserved for extensions, limited to 100 miles
at $27,000 per mile, equipped.
See full abstraot of mort. in V 56,
p 540. Car t> usts June <0. 1904, $165,393. Due South. Paolfio Oo.
June 30, 1904, $4.144,94'.
In 1903-4, (under order of the Texas Railroad Commission! canceled
A
;
m
,
$1,356,000 of tue outstanding $18 900,000 bonds, reduced the stock
to $1 000,000, and separated the management from the Southern
Pacific V. 77, p. 90. 148. 401, 452, 23 iO; V. 78, p. 2600.
annual Report.— Flsoal vear changed In 1897 to end June 30. In
1903-4. gross 52.586.437; net. $721,780; int. on bonds, etc $1,059,628; balance, deficit for year, $337,848. In 190 J 3. gross. $2,527,044;
net, $519,495. Directors, V. 77, p. 629
President. C. R. Hudson.—
(V. 77, p. 2340; V. 78, p. 2385, 2600; V. 79, p. 213.; V. 80, p. 473.)
.
—
—
'
RAILWAY STOCKS AND BONDS.
130
Vol. lxxxi.
Maso^il city^
MADJSONp
Ruthven
Armour
T
,
-,—
Scotland;
F ° Dda
tperwein
\t^V-To^a^£^3^X ate
Iulodg6
A /^
'
AlbionX
.
\<^
tf
FreitfpDt
^ntr/^rS^u
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MAP OP THE
ST. LOUIS
SOUTHWESTERN
RAILWAY.
.
1
RAILWAY STOCK AND BONDS.
Oct., 1905.
RAILROADS.
Miles
Date
—
<t West'n
See Atlantic Coast Line RR.
i.end.o
33 1903
Siatesb.—lat M., $500,000, gu. p.
— 1st M., $600,000, g.Mo.r .... 1902
Savan'h Union Stat. Oo
Bivannah Florida
Sav.
&
& Hddso
<6
<£ Duanesburg— See Del.
Schuylkill <t Juniata— See Pennsylvania RR.
Schuylkill «6 Lehigh 1st M., guar, by Read'g Co...
Schuylkill Valley Navigation <£ RR.— Stook
Schenectady
Par
Value.
$1,000
l,000<fco
44
1898
1,000
50
100
100
100
Seab'wd Oo.— Common
stock, $36,000,000
1st pref. stock, 5 s, $18,000,000 eonv., text
2d pref..fi%, non-oum., $18,000,000 red., text....
—
CoBa
....
.
maturing $32,000 semi-annually
maturing $25,000 seml-an
Old LoANS,exeluding(*) amounts pledged unde
do
do
Carolina Central 1st oonsol.M.,g.,gu. p. & Lend. F
Durham & Northern, 1st mort., $150,000.MeBa
Roanoke & Tar River, $260,000. TleBa
Plor. Cen. A Pen. 1st M. $5,226 p. m., gold Ce.o*
2d M. (1st on ext., 92 m.) $5,226 p. m., g.Mp .0*
Consol.M.,$7,800,000 ($10,000 p.m.), gold.G.C
South Bound 1st M.,gold,
Int. rental.
Me
Ba.c*
Ga. & Ala.. 1st M., con.. $6,185,000, g.BBa...o*
Ga.&Ala.Term.Co.,lst M. (call at 110), guar. p.&l.
Ga. Carolina & Nor., 1st M., g., guar.MeBao*..
Raleigh & Augusta, 1st
Raleigh & Gaston. 1st M., $1,500,000. g.MeBa.e
M
San Antonio
&
Gulf
KK.- See
r
Galveston Harrisburg
&
San
Antonio.
Sanford & St. Petersburg Ry.— See Atlantic Coast Line RR
San Francisco & North Pacific By.—Point Tiburon, Cal.,
to
106 miles, and branches, 71 m., of which 3 m leased. ConHas steamer connection (6 miles) with
olidatlon Mar. 19, 1889.
San Franolsoo. Leased to Cal. & Northwestern Ry., Incorporated in
March, 1898. The F. & N. P. guarantees $2,000,000 Cal. & Nor. 5 per
cent bonds, to be Issued at $25,000 per mile. V.| 67, p. 370, 688, 788.
Stook Issued, $6,000,000; par of shares, $100.
Bonds.— Issued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and interest. [Mortgage abstract V. 49, p. 241.]
Annual Report.— Report for 1903-04 in V. 79, p. 1460. In 1904-5,
gross. $1,373,759; net, $375,798; charges, $220,725; bal., surplus,
$155,073. In 1903 04 gross, $1,357, 667; net, $312,624.
Uklah,
Cal..
& Salt Lake By.— Completed in
from Salt Lake City, Utah, to San Pedro, on the Paoiflo
850 miles of main line, with branches, aggregating In all
about 1,1.00 miles, the Los Angeles Terminal Ry., 51 miles, being
acquired, and merged about Apr. 1, 1901, as a part of the new line.
The portion from Daggett to Riverside, 90 miles, is (temporarily)
trackage over Atch. Top & Santa Fe.
On July 7, 1903, purohased portion of Oregon Short Line (Union
Paoiflo system) extending from Salt Lake City to Calientes, Nev.. 340
miles, with some branoh mileage and additional completed mileage
south of Calientes, 512 miles in all, forming part of the road above
shown, the Oregon Short Line acquiring a half interest in the property.
The Salt Lake City terminals are leased for 99 years. V. 76, p. 920,
1193, 1356; V. 77, p. 38, 148, 695; V. 78, p. 1393: V. 79, p. 1024. Las
Vegas <s Tonaiah KR projected allied road, V. 81, p. 1175.
San Pedro Los Angeles
April, 1905,
coast, about
Stock authorized. $25,000,000 all Issued.
Bonds.— Of the 4s of 1903 ($50,000,000 authorized
;
issue Equitable
Trust Co. of New York, trustee,) $40,000,000 may be used for the
following purposes (balance reserved for future requirements), viz :
To pay for the 512 miles of Oregon Short Line acquired, for whioh
$7,800,000 cash was paid, the road already completed and acquired
and Los Angeles and San Pedro terminals (costing in all $10,200,000)
and to complete the system. V. 77, p. 38, 90.
President, W. A. Clark; Secretary, W. H. Comstock; Treas., W. H.
Leete. New directors, Feb., 1905, V. 80, p. 872.— (V. 81, p. 1175.)
San Pete Valley By.—Nephi, Utah, to Morrison, 51 miles; Quarry
Branoh (opened Aug., 1899), Nephi to Cooper, Utah, 5 miles; total, 56
miles. Stook, $510,000; par of shares, $100. Bonds, $565,000 1st
gold 4s, dated 1894, due 1923, Interest J-J, and $250,000 2d mort. 4s,
dated June 1, 1895, due 1921, interest J-J, Farmers' Loan & Trust Co.,
New York, Trustee. Year ending June 30, 1904, gross. $21,444; def. ander oper. exp., $7,795. Theo. Brubaok, Gen. Mgr., Salt Lake City, Utah.
Santa Fe Central By.—Owns from Santa Fe, N. M., south to
Torrance, 117 miles, opened Aug., 1903. Branoh from Morlarity Jet.
to Albuquerque, N. M., 47 miles, under name of Albuquerque & Eastern Ry., was under construction In Oot.,1905. | The Alb & East, has
made a mortgage to the Pittsburgh Trust Co. as trustee. Other allied
lines, see V. 80, p 221. Stock authorized, $2,500,000, all outstanding.
President. W. H. Andrews; Sec, W. C. Hagan; Treas., T. Lee Clarke,
Arrott Bldg., Pittsburg, Pa.— (V. 80, p. 223 .)
Santa Fe Prescott
Phoenix By.— ('See Map Atchison To?eka <& Santa Fe )— Owns Ash Fork, via Presoott, to Phoenix, Arizona,
95 miles; opened In March, 1895. P. & E. Jot. to Mayer, Ariz., 26-4
m. built under charter of Prescott & Eastern, was completed in Oot.,
1898, and is leased for 99 years and Its $375,000 bonds guaranteed.
Branoh from Huron, Ariz., to Big Bug mines, 8 miles, completed Apr.,
1902; branch from Mayer to Crowned King mine, 27 miles, completed
May, 1904; total June 30, 1904, 256 miles. Branoh fromWiekenburg, Ariz., to Salome, 49 miles, was opened July 15, 1905. Phoenix
& fc-astera Ry. completed Phceaix to Winkelman, 104 miles, and under
construction to Benson, 81 m. additional, ha-t been operated since June
7,1903. V. 77, p. 90.
Stook, $7,903,000. The road is tax exempt by legislative enaotment
for 20 years from 1891. The Atoh. Top. & S. Fe took possession Nov. 8,
1901, having acquired $2,963,000 of the second mortgage bonds and
all of the stook. Dividend, 3 p. c, paid Apr. 30, 1903; in June, 1903
and 1904, each 2 p. o. See ofllolal statements. V. 73, p. 898 V. 74,
p. 150; V. 68, p. 326; V. 75, p. 680.
;
,
&
Teart.
dross.
Net.
Rental.
1903-4
1902-3
—
Interest.
$1,203,671 $609,421
23,633 $395,200
1,045,232
17,950
395,228
571,125
(V.73, p. 781, 844,900, 954; V. 75, p. 667; V. 77, p. 90.)
&
$185,000
600,000
600,000
576,050
Bonds— Principal, When
Due.
Sloe ks— Last
by
Dividend.
5g. J.
4g. A.
&
&
Savannah Trust Co.
J.
O. N. Y, Standard Tr. Co.
4
M.
5
J.
&
&
N. Phlla.,Phil. & Read.RR. May 1, 1948
Phila., Read'g Term'l. July 13,'05,2i*
J.
Jan. 1, 1953
Apr. 1, 1952
34,44f ,930
7,625,000
17,923,350
1900 l.OOO&o 12,775,000
1901
1,000 10,000,000
177 1903
1,000
6,000,000
1904
....
1,000
4,665,000
1900
5,000
....
250,900
1902
1,000
473,000
«•
1903
...
1,000
1,262,000
1904
....
1,000
576,000
1905
-. T
1,000
"
oons olldat ed mort gage.
267 1899
1,000
3,000,000
* 100,000
42 1888
32 1887
*55,000
mmMmmw
575 1888
1,000
3,000,000
666 1890
1,000
410,000
780 1893
1,000
4,372,000
136 1891
1,000
2,033,000
400 1895
1,000
6.085,000
1898
1,000,000
268 1889
1,000
5,360,000
107 1886
1,000
1,000,000
1.000
....
1897
1.200.000
All
o&r
1st M., $75,000,000, g. (see text).
Col. tr ref M., g., $10,000,000, red. at 105Ce.c*
Atlanta Blrm division 1st M.. $10,000,000. Ko*
Col. tr. & gen. lien M., $5,000,00 J, g., red. par. N.
Equipment trust, due quarterly
do
do
(V. 74, p. 380)....
Equlpm't mort., gold. ser. C, due quarterly ti e*
Do
Do
Amount
nCo.
—
Seaboard A ir Line Ry.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Outstanding Cent.
Payable
Whom.
Size, or
of
For xplanatlon of oolumn headings, &c, see notes of
Road. Bonds
on first page of tables.
131
Bal., sur.
$190,588
157,947
BB.—
Saratoga
Saratoga to Soheneotady, 21
Schenectady
miles. Leased In perpetuity in 1861 to Rensselaer & Saratoga and
lease assigned to Del. & Hudson Canal, by whioh it Is operated.
Rentf I, $31,750 per year. Stook. $450,000. Dividends, 7 p. o. yearly,
paid Jan. and July 15, at Troy, N. Y.
Sault Ste. Marie Bridge.—Own Sault Ste. Marie Bridge, includng t 421 feet of main track. The Canadian Pacific, Duluth South
Shore & Atlantic and Minneapolis St. Paul & Sault Ste. Marie RR. cos.
agree to pay for use of bridge an amount equal to operating expenses,
and interest and sinking fund of debt. Mortgage, $1,000,000; sinking
and, $5,500 yearly. Stock, $1,000,000.
4g. A. &
O. N. V., 24
Broad
Street.
Apr.
1,
1950
do
May 1, 1911
do
& N.
do
May 1, 1933
do
& S.
do
do
Mar. 1, 1907
& S.
N. Y., 24 Broad Street. To July 1,1906
& J.
4ia
do
do
Aug.'05-Fb'ia
F. & A.
do
J'ly'05 Ap.'13
4ifl g. J. & J.
do
Deo'05-Jne'14
5
J. & D.
do
Ap. '06-Ap.'15
do
5g. A. & O
do
do
Jan. 1, 1949
J. & J.
i* M. & N. Bait., Mer. Tr. & D. Co. Nov. 1. 1928
do
do
1917
A. & O.
6
J. & J. New York, 24 Broad St. July 1, 1918
f g J. & J.
do
Jan. 1, 1930
do
5 gdo
Jan. 1, 1948
do
5 g. J. & J.
5 g. A. & O. N. Y.,24Br'dSt.,orBalt. Apr. 1, 1941
5 g. J. & J. N. Y., 24 Broad Street. Oct. 1, 1945
Deo. 1, 1948
New York.
gl J. & D.
t g J. & J. Bait, Mer. Tr. & D. Co. July 1, 1929
do
do
Jan. 1, 1926
i
J. & J.
do
5 g. J. & J.
do
Jan. 1, 1947
Savannah Union Station Co —Owns union passenger station
M.
4g. M.
5 g. M.
J.
5
5
g.
"
-
and terminal at Savannah, Ga., with 8 miles of traok. Leased by the
Southern Ry., Savannah Florida <fe Western (now Atlantic Coast Line
RR.) and Seaboard Air Line Ry., which own the $300,000 stock, the
rental providing for interest and sinking fund on bonds, maintenance,
etc. President, W. W. Mackall; Treas., Savannah Trust Co.; Secretary,
W. V. Davis.-(V. 71, p. 343. V. 74, p. 1039, 1253.)
Savannah & Statesboro By.—Owns Ouyler to Statesboro, Ga.,
32*6 miles; trackage, Cuyler to Savannah, 20 miles. V. 79. p.
$200,000. Has
2148. Stook authorized, $300,000; outstanding,
traffic contract with Seaboard Air Line, which guarantees bonds by
endorsement, prin. and Interest; Savannah Trust Co., trustee, V. 75
p. 1303; V 77, p. 695. Form of guarantee, V. 81, p 614. Year ending June 30. 1905, gross, $53,397; net, $19,764; taxes. $1,571; int. on.
binds. $9,250; bal sur $8,943 Pres. and Treas J. Randolph Anderson, Savannah; Secretary, A.. J Brannen. Ofiioe, Statesboro, Ga.
(V. 78, p. 1110; V. 79, p. 2148; V. 81, p 014 )
Owns from High's Farm, near ReadSchuylkill &: Lehigh
ing, Pa., to Slatington, Pa., 46*9 miles. In 1883 leased to Phila. & Reading RR. for 999 years and in 1896 lease assumed by Phila. & Reading
Ry. Rental, $27,000 yearly. Reading Company owns stock ($600,000),
of whioh $598,000 Is deposited under its general mortgage of 1897.
,
,
,
BB.—
& BB.—
Port Carbon to ReevesSchuylkill Valley Navigation
dale, Pa., 11 miles; 2d track, 5 m; branches, etc., 11*41 m.; total traok.
28 miles. Leased July 25, 1861, for 999 years to Phila.
Reading RR.
Reading Railway Co. Rental
Lease assumed in 1896 by Phila.
&
&
$29,450, whioh pays 5 p. o. on stook and State taxes.
Seaboard Company.—Organization— Incorporated in June,
1905, as a holding oompany per plan V. 80, p. 164, 601, 552, 1972, to
Erovfde for the liquidation of the floating debt of the Seaboard Air
ine Ry., improvements, extensions, etc. The plan provided $7,625,000 oash to be advanoed to the S«aboaTd Air Line, the Seaboard Co.
reoeiving therefor notes or mortgage bonds of the railway to which
the railway stockholders will have the right to subscribe. (V. 80, p. 652.)
Stock—The first pref. 5 p. c. stook is preferred both as to prin. and
dividends and non-cumulative for 5 years from July 1,1 905, thereafter
cumulative; redeemable at option of company after July 1, 1908, and
convertible at option of holder into second pref. stock at par. The
second pref. 6 p. o. non cum. stock is redeemable at option of oo. at 110
after 3 years, provided first pref. shall have teen redeemed or converted. The amount of second pref. may be increased for conversion of the
first pref. All classes of stock have full voting power. In July, 1905,
over 82^ p. c of the Seaboard Air Line stock had been acquired in
exchange for stock of the Seaboard Co. (See terms of exchange for
old stook under Railway Company.)
Of the new stook, $10,375,000 first pref., $76,650 second pref. and
$553,070 common will be available for the new company.
New Toting Trust—The present voting trust of the Railway Company
may be wholly or partly dissolved and a new one created for 5 years,
to trustees selected by the committee. V. 81, p. 32, 559.
Seaboard Air Line By.— ("See Map.)—This oompany owns a
line from Richmond, Va., to Atlanta, Ga., and Tampa, Fla., etc., viz.:
Miles
Proprietary Lines.
Lines owned in fee.
Miles.
Rlohmo'd,Va.,to Savannah, Ga.502 Portsm'th,Va.,to Weldon.N.C.
81
Starke to Suwanee Riv., Fla.
Wilmington, N.O., to Atlanta,
58
437 State line to Lewlston, N C.
Ga
32
Atlanta & Blrm. Air Line,
Savannah.Ga , to Montgomery,
Howells, Ga., to BirmingAla. (58 miles trackage deham Ala. (includ. 32 miles
ducted)
280
branches)
Savannah, Ga., to Tampa,
194
Trackage
Cedar Keys, Chattahooohee
63
,
River, etc
Other lines
806
358
The proprietary lines include
:
Totalsys. (seeV.74,p.773),2,811
Roanoke & Tar River RR. stook all
Roanoke RR. (all of stook owned).
owned), 32 miles; Seaboard &
81 miles; Atlantlo Suwanee River & Gulf RR., 58 miles (stook all
owned); Georgia & Alabama Terminal Co., operating 8 m. of track.
Also owns a one-sixth interest in the Richmond- Washington Co. controlling the road from Richmond, Va.. to Washington, D. O. (V. 73, p.
843.) and under traffio agreement with the Pennsylvania RR. maintains through oar service between New York, Philadelphia, Washington and the South. Also oontrols the Baltimore Steam Packet Co. (unbonded) and a substantial interest in the Old Dominion Steamship Co.
The Atlanta-Birmingham division, completed in Dec, 1904, extends
from Atlanta, Ga., to Birmingham, Ala., 174 miles, with branches 30
miles.
V. 76, p. 489, 706; V. 77, p. 647; V. 79, p. 734.
Organization.—An amalgamation in 1900 of "Seaboard" lines. In
July, 1905, over 82 1a p. o. of stock had been exchanged for stock of the
Seaboard Co., the new holding oompany (whioh see above), per terms
below and plan V. 80, p. 164, 601, 552, 1972.
Stock.— Authorized $75,000,000, of which $25,000,000 pref.; outstanding June, 1905, common $37,005,000, and pref. $23,895,000.
Preferred is entitled to 4 p. o. non-cumulative, then common to 4 p. c,
then pref. 2 p. o. additional, any sur. to oommon. Par of shares, $ OO.
Voting Trust. -Both classes of stook are deposited with voting
l
trustees until April 1, 1910, although the latter may in their discre2099.
tion deliver the stook at an earlier date. V. 77, p 35
1
,
Reorganization Committee —Thomas F. Ryan (Chairman), James
A. Blair, Ernst Thalmann, James H. Dooley, T. Jefferson Coolldge Jr.,
C Sidney Shepard, S. Davies Warfield, N. S. Meldrum (Secretary), 38
•
^
RAILWAY STOCKS AND BONDS.
132
P5E3(^r.C?=j8§g Kalamaz
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lxxxi.
.
Oct., 1905.
RAILWAY STOCKS AND BONDS.
j
KAILROAUB.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of oolanin headings, Ac., see notes
Road. Bonds Value.
on first page of tables.
S.A.L.Ry.fOon.)- i.*R.lstM.$2.«00 000irfeRao*Ar
Debent $690,000, to be seoured by any 2d M r
ghamoKiit Snnbury <t Lewtsburg—lBt mort....O"<M
o*
2d mortgage, gold
Shamokm Val. Pottsville— Stock, guar, by No. C.
o*
1st M., $2 000,000. g., sink fund (not drawn).
Sharon— Stock ($800,000) 6 p. c, guar, by rental. F
Sharon, 1st M., g. (Sharon to Pymat, etc.). F
81
"31
31
38
38
33
16
17
<t.
—
New Castle A Shenango Valley— 1st M., Int. srn
Shrtveporl Brdge <t Terminal -See ST. LOUIS Sod
Hxerra Ry (of Cat )— 1st M., gold
2d mortgage, $860 000, gold
Sierra Vailrys—lat M. (Cai. Safe Dep. Co. trustee)
Georg a<£ Wr. t Coast Mortgage, $250,000, g
<t No.Ala.— lt\ M. g.,$2,000,000 (own.by L.AN.)
Consol. mort (for $10,000,000), gold, guar.Ce o*
Imp'veuTt M.. $2,000,000 g.iowned bv L. A N.)
So. Itlitioi* a Ho. Br.- 1st M. $3,000,000. g TOe.o*
Sonth'n Indiana— 1st
gold—See text.. EC .o*
Chlo. South' rn coupon nutes, g., gu p A UP..
South Pac. Coast— 1st M., g.,gu. (s. t. 1912). F.... o
Southern Pacific OCMPANT— Stock ($200,000,000)
Pref. »t k. 7% non cum., $100,000,000, conv.red.
M
.
77
77
37
i'89
189
U9
178
i
104
Col. trust mort. .gold, sub. to call at par. I' n..o*&r
Steamship 1st mort. bonds, Ser. A. $3,000,000. ..
Coll.tr. M., g.,
'
red par after 2 years
1886 $1,000
1886 lOO Ac.
1882
1,000
1890
1,000
50
1901
1,000
50
1889
1,000
1887
1,000
1897
1904
1895
1.000
1.000
1,000
1905
Of the consols shown as outstanding, $4 753, OOP
1st
1st pref.
w as
2d
pref.
.
Common.
—
20.0'KI.OO
Deposited to secure t"e 110,000,000 coll. tr ref, 6s
l,50n,000
Deposited as col aiera' for I V oo.o
ruort. and coll. tr. 5s
Dei>oto>«d a* colaie<>tl or in treasury
1,500,000
Reserved to retire at maturity, dollar for dollar, all the underlying bnndx on the va tons divisions of tie system
29,785,000
Issuable only after July I. lno6. for additional properties, im?»rovenients exiensior », etc at not exceeding (l,5ou,uu0 for
our years and ti.ooO.OoO per nnum t> ereafler
9.500 000
The collateral trust refunding gold 5s of 1901 are secured by de
pomt with the trustee of $20,000,000 4s of 1900. V. 70. p. 842.
The At anra A Birmingham division 4sof '903 ($)0.ooo.oo0 authorized issue' are secured on the line from Atlanta, Ga., to Birmingham,
Ala.. 174 mtles, with branches 30 miles. V. 76, p. 1302; V. 77, p. 647.
The mortgage and collateral trust 5s of 1904 are secured by a lien
OOO.oOO of rtr t mortgage bonds subject to existing llensi and
on $
on various securities, and by direct deposit of certain seou'Tties owned
(see list V. 78. p. 821) and a general mortgage on all property now
owned or hereafter acquired, other than seeuiities speoiailv excepted.
Roanoke car trusts, $266,05o.
V. 78. p 104, 2^9. 989. Seaboard
The |lan above described provides tor the making of a new mortgage
by the 8eabo»rd Air Line Ry. to secure $l8.0oo,. 00 of 5 p. o. bonds,
the present issue theieof to be offered pro rata to stockholders. V. 80,
i
i
&
p.
1»7/.
p.
2744.
Udaranties. -The Savannah A Staterboro and Florida West Shore
bonds i$l85,000 and $712,000, respectively) are guaranteed as to
prin. and interest; also Richmond- Washington Co. bond", |olntl\ and
severally with 5 other oompanies. V.'??, p. 647. 648; V. 79, p. 2148.
Latkst Earnings —For 12 mos. ending June 30:
Cross.
12 mos.
Charges
Net.
V1 1 inc.
Bal.,sur.
1904-5.. ..$13,619,273
$4,045,052 i»44,048 $3,00^,009 $1,084,091
1903-4.... 12,750,2b9
3,103,080
41,597
2,850,383
294,294
Report.— Fiscal year ende June 30, Report for 1903-04 V. 79,
1904.
1903.
1902.
Gross earnings from railways.... $12,75 ,271 $12,156,928 $11,068,478
Gross earnings from water lines.
549.600
561,138
511,337
Total gross earnings
$13,311,409 $12,706,528 $11,579,815
Net earnings, Incl. other income. $^233,948 3.473,781 $6,471,553
Deducts interest on bonds
$2,546,817 $2,481,400 $2,481,400
Other interest
2~>4,643
110.H01
104,668
Rentals and miscellaneous... .
49 ,663
55 ,232
58,995
Balance, surplus
$38l\825
$8327481
$820,257
Officers.— President and Gen. Mgr.. J. M. Barr; Vice-President and
Treas, N.s. Meldrum; Seo'y, D.C. Porte us; Comptroller, T W. Roby.
i.
Directors.—Jas. M. Barr. Portsmouth, Va.: 11 C*iy Pinrce. 8i Louis; 8. Davies
Wartleld, BaMojore, Md.; James
Dooley. liichmond, Va.; B K. Yoakum,
Ernst Thalmann, John B. Dennis, James A. dair, N. 8 Meldrum, Charles a.
ConnDt. P-ew Vork; Thomas K. top,, uak lidge, V-.; C. Siioey Shepard, of
New Haven. NY.; T JefleiBon ( • Ai eJr.. run hanicl Tha\er, Boston. Mass.;
H
V
B. Ream, hlcago. 111.: Oeo.
Wat.1* Durham no.
K*ecutir« Committee— James A. Bluir (Chairman). Thos. F.Ryan, T. Jetlerson roolidge Jr.. C. bidney Shepard, John h. Dennis, B. F. Yoakum and S.
Davies Wartleld.
Norman
Gen. office. Portsmouth, Va; N.Y.
V.81,p^,727,778.)
office,
24 Broad St.— (V. 80,
p. 2345;
Seaboard & Roanoke RR.—See Seaboard Air Line Ry. above.
Sbamokln Sum bury & Lewlabnrg Kit.— atbon Run Jet to
Weat Milton. Pa., with iron bridge over Susauehanna, 31 miles; second
track, 15 miles; total of all traok, 57 miles. Leased to Philadelphia A
Reading RR. July 2, 1883, for 999 years at 6 per cent on the stock,
and lease assumed In 1896 by Philadelphia A Reading Ry. Used for
coal traffic northward. Stook, $2,000,000 (par. $50) owned by Reading
Co., of which $1,995,000 is deposited under mort. of "97.— (V. 51, p. 21.)
Sbamokln Valley A PoUnville Ry.— (See Map Pa. RR.)—BunMt Carniel, Pa., and branches, 38 miles. Leased Feb. 27,
bury , Pa., to
30,C 00,000
on wnns 30
Preferred tock
$12 50
$12 50
$12 50
$75
stock
12 50
12 50
87 50
2. It not subscribing
Preferred stock
75
Common stook
75
A svndloate has underwritten the above oash payment, receiving
$12 50 new first pref and $12 50 new common stock for each share of
existing Seaioard stock with respect to which it shall be called upon
to ti ake any part of such oash payment The ca«b payments have
been called in 5 equal Instalments, viz.. Ju v 28, Aug. '8 Sect. 28
Oct 28, 1905, and Jan. 1, 1906. V. 81 p. 727. 778. See 'Bonds" below)
Bonds.—The 4s of 1900 are a first lien on about 350 miles of road.
including 102 miles of main line from Richmond to Ridgeway and 106
miles from Hamlet to Columbia (subject only to $155,000 prior lien
bonds on two branches); also a direct mortgage on the whole 2,383
miles of consolidated road, subject only to $26,560,000 prior lien outstanding bunds and a consolidated collateral lien on the remainder.
Total authorized Issue 4s of 1900 in no case to exceed $7 5,000,000
Of wtalcn outstanding
D>,776.000
Common
1.920.000
3,000,000
6.900.000
1,000
-Receives
.
cash.
2,000,000
*8 000,000
2.0O1 .000
pref.—
Pays
Per $i 00 nf existing—
250 000
1.000
St., N. v. city. Under their plan of June, 1905. now effeotive
(see 8e»i>oaid <7«m/<«»v above), the assenting holders of voting trust
certificate of the Railway Company a. e entitled:
Ifs • bscribing for
172.* 00
104.600
1905 1.000A o
4 000,000
1887
1,000
5,500,000
100 197,849,258
100 40,0"O.000
1899 500 Ac. 29,818.500
Nassau
1.
100,000
225,000
1891
Ce.o*
5
6
6
,
19f>5,
owne
A
&
A
A
A
A
A
A
A
J.
P.
M.
5
g.
6
3>ag.
J.
P.
J.
J. Bait,
Merc
A.
do
N. Phlla., PhlL
J.
by
Due.
Slocks— Last
Dividend.
&D
Co. July 1 1926
do
Aft July,1916
A Read.RR. May 1. 1912
do
July 1, 1925
Tr.
do
Broad
do
A. Phlla.,
J
Bonds- Principal, When
St. Stat'n
do
Sharon, Pa.
Aug., 1905,
July
1.
3%
1931
Sept 4/05, 3%
June 1, 1919
July 1, 1917
6
M.
4i« g.
6g.
J.
J.
6
5
6
1,248.000
8» 0,000
300,000
1898
1,000
1887 500 Ac
1900 500 Ac
1884 100 Ac
1903
1,000
1880
1,000
1886
1,000
1.0O0
1904
1901
1,000
1901
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Whom.
Cent.
$2,500,000
;
285.000
1,000,000
1,000,000
869.450
2,000.000
770.600
164.000
250,000
THWE 8TB BN
Silver 8pr. ()cala dt Onlf-See ATLANTIC COAST LIN B RR
5
Skaneateles RR — 1st mort., $100,000, gold. Usiu.
42
Somerset Railway -1st mortgage
42
Consol. mortgage, $420.< 00. gold
10
South Carolina Pact/It— 1st M., our.. Int. rental...
So.
So.
Outstanding
133
A.ia&O. Crocker- Wool worth Bk. Apr. 12, 1937
do
do
M.1&&S.
Sept 15, 1944
In default.
F. A A.
liiXO jijurT
g.
g.
8.
J.
A A.
A J.
A J.
g.
A. A O
g- J. A J.
6g. A. A O.
5 g- P. A A.
5 g. F A A
A N.
4 g.
4g. F. A A
5g J. A J.
4g. J. A J.
7 in 1905 J. A J.
4 g. J. A D.
J. A J.
6
4g. J. A D.
ATr.Co. Aug.
Oakland, Me. July
Boston, Nat. Shaw. Bk. July
F.
N. Y.,U. S. M.
J.
J.
5
5
4
6
5
Boston
Itf.
by the
d
A Tr. Co.
N. Y., Farm. L. A Tr. Co.
D. N. Y., Farm. L.
1
Feb.
1,
1.
1.
1,
1.
1.
1.
1,
1,
1.
July
N.Y..S.Pac.,120B'way July
1,
A
Haltlmore, Md.
Oct.
Quitman, G*.
N. Y.
N.Y.,Offloe,71 Bro'dw'y
Jan.
Apr.
&
N.Y., Office, 71 Br'way. Aug.
N. Y., Mercantile Tr.Co.
S.Y.. John C. Kin* & Co.
Aug.
Nov.
Philadelphia, Pa.
Checks mailed.
N. Y., 120 Broadway.
do
do
do
do
1,
1918
1917
1950
1914
1928
1910
193«
1936
1951
1951
1907
1937
Jdlyl7,'05,3i«
Aug.
1,
1H49
Jan. 1, 11)11
Jone
1,
19n>
oulsvl
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes, interest on the bonds and 6 per cent on the stook, of
which $619 «50 Is owned by the Northern CentraL— (V. 73, p. 1314;
V. 78, p. 1908 )
Sharon Ry.—Owns from Newcastle. Pa., via Sharon, to Pymatunlng. Pa., with oranohes. 33-07 miles In all. Consolidated with Newcastle A Shenango Valley RR. and then leased to the Brie RR. for 900
years from Deo. 1, 1900, for interest on bonds and 6 per cent on stock,
the old leases being canceled.- (V. 73, p. 399; V. 78, p. 288.)
Slireveport Rridge
Terminal Co.—Owns brid <e at flhreveport. La. Controlled by St Louis Southwestern, which guarantees
$500,000 of the bonds, ptinoipal and interest (see that co.) Leased to
the H'. Lo'iis "ontnw. and, it is understood, tiie Louisiana Ry. A Nav.
Co. for 50 years from Aug. 1, 1905. V. 81, p. 614. Pres., T. Alexander.
-(V. 76, p. 2o6; V. 81, p. 614.)
Merra Railway (of California).—See page 178.
sierra Valleys
Plumas to Mohawk, Cai., 37 miles. Stook,
$945,000; par. $100 Controlled bv Nevada-Cal.-Oregon Ry., to which
was due for advances June 3o, V 04, *217,588. V. 79, p 2643 Year
ending Judo 30. 1904. gross. $26,364; ne% $8,266; total deductions,
$i2.ftri6; bal.. def.. *4,300. Pres., E. R. Dodge, Ainedee, Cai.— (V. 74,
p. 776; V. ; 9, p. 2643.)
Sliver Surl ngs Ocala
Gulf
See Atlantic Coast Line RR.
SUverton RR.—Owns Silverton, Col., to Ironton, 22 miles. lit
July, 1899, Alexander Anderson was appointed receiver. V 69, p.
132. In Nov , 1904, the Silverton RR. was inoorpora'ed in Colorado,
no doubt as siico- acor. V. 79, p. 25*9. Stock. $350,000; par. $100.
Bonds. +425.OO0 1st 20-yeai 6s Year 190^-03, gross, $14,008; del
under op exp *4.— (V. 79, p. 2589.)
Somerset Ry.—8ee page 178.
South Carolina Georgia
See Sonth'n Ry., Carolina Div.
South Carolina Pact lie Ry.— North Carolina State line to Bennettsville, 8 C, 1050 miles. Leased till Dec, 1914. to Atlantic Coast
Line RR for Interest on bonds. Stook, $100,000. Bonds, see table.
South Georgia
West Coast Ry.— See page 178.
Southern II inois
Missouri Bridge Co.—See page 178.
Southern Indiana Hy.—(See Slap) - Owns from Main Street.
Terre Haute, to Ewlng Street. 8eyrnour, 121 -42 m.; Westport Branca.
Seymour to Westport. 2«-45 m.; Sullivan Branch. Latta to Sullivan
Junction, -48 iu.; Hymera Branou, Blachhawk to Sullivan .lunot.
12-H8 in ; total owned lb*-23 miles. Lea es: Vandalia Line. Main st to
Union Station, Terre Haute, -30 in.; Bedford Belt Railway, Bedford to
Oolitic. 4-D* m
total leased, 4-19 m.; total mileage, 172-72. The belt
ltnearomd Terre Haute i- nearly completed. Extension north from
Terre Haute to Illinois -*tate Hue, 27 ml es, l« under construction; farther extension to < hlcago, 114 m., beln< built by the Cho. So Rv Is
to be completed by Jan 1. 1906. V. 7n, p. 1328, 1331 ; V. 81, p'613.
Extensions from Biackbawk to Indianapolis and from Rlnora to
Evansvllle are al»«o proposed; V. 76. p 377; V. 80, p. 1480. Owns
southern Indiana Co»l Co V. 80, p 2221.
Stock.— Com.. *10.000,o00; pref., $l,0OO,000; par. $100; all issued.
DlviDEND8.-On pref., Dec, 1901. to July 15. 1905. inch. 5% (J&J).
Bonds.- First mortgage 4s of 1901 mav be issuwt at $20.ooo per
mile for single track and $ O.OOO per mile for second track constructed
or acquired. Equip't notes, inol. Int. June30, 1904, $1,028,704. maturing t- 1909. inclusive. See V. 74. p. 776. 1 197
The Chl.ago Southern Ry. ($4 000,000) coupon notes are guaranteed
prin. and int., and are secured by entire Southern Indiana Ry stock
and $600 000 of the $l,t00,000 Chicago Southern Ry. stock. V. 81,
p. 613, 728.
Latest Earns.— 2 mos., < 1905
Gross, $231 ,554; net. $96,918
July 1 to Aug. 31. H904.
Gross, 226.72'; net, 99,rf49
Annual Rkport.— Report for the year ending June 30, 1904, was in
V. 79, p. 1327, showing:
Cross.
Tear.
Net.
Int., taxes, etc Div.onprtt.
Bal., sur>
1904 5.. $1,380,954
$5*2,682
..
...
19034.. 1,293.580
554.761
$247,328
(5)$25.000
$282,435
1902-3
942.572
482.026
199.600
(5(25,000
257,426
President John R. Walsh; Secretary and Treasurer, C. F. Weinland.
Grand Central Station, Chicago. 111.— (V. 81, p. 614, 728.)
A
RR.—
1
A
RR.—
.
A
RR.—
A
A
'
:
i
-.w
South Pacific Coa»t Ry.— Narrow Gauge.- Alameda to
Santa Cruz, 77 miles; branches, 24 miles; ferrv. 3 m.; total 101 mtles.
Leased for 55 years from J uly 1, 1887, to Southern Paoltlc Company,
which guarantees the bonds and owns all the $6,000,000 stook. Year
1903-04. grosB,$1.0*o,160; oet, $147,480; def. under ch'ges, $149,1581.
Southern Pacific Company.— (See Map*.)— Road.—This company owns no track in fee, but principally through ownership of stock
partly by lease It operates a great system of roads extending from
San Francisco to New Orleans (thence by company's steamers to Nhw^
Vork, etc), and to Portland. Oregon, to Ogden. Utah, with branches.
Organization.—Organized under laws of Kentucky. The Union
Pacific owns $90,000.0o0 common and $ .8,000 000 .referred stook a
strong working control, but the road continues to be operated
Independently. V. 72, p 242, 248; V. 75, p. 136 In 1899 acquired th©
entire oapital stock of the Central Paclflo. See that com pau v also sea
below. V. 73, p. 33; V. 75, p. 1407; V. 76, p. 753. Diter California
«"*»«u»
Ry. projected; see V. 78, p. 2443.
134
RAILWAY STOCKS AND BONDS
[Vol. L,xxxr.
.
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
RAILROADS.
Miles
.RbSl
I>
Date
Size, or
135
f
Bonds— Princi-
OR DIVIDENDS.
pal, When
Amount
Due.
Slocks— Last
Dividend.
Par Outstanding Rate per Wuen Where Payable, and by
of
of
Foi explanation of column headings, do., see notes
Payable
Whom.
Cent
Road. Bonds Value.
on first page of tables.
RR.— Stock, $160,000,000 auth...
All oq'lly < 1st M.,ser. C & D, g. > land grant.. o* ) 1,045
o* $
seoured
(Series E & F, gold., is. f
187
8. Pao. Br. 1st M., g., s.f., $50,000 In 1897, not dr'n
o*Ar 2,020
1st oons. M.,guar., gold, s. f. not drn.Ce
392
Bo. Pao. of Arizona, 1st M., ser. A, gold, guar. cat
Southern Pacific
392
167
79
114
149
373
54
o&r
Series B, gold, guar
So. Paciflo of New Mexico, 1st mort., gold... c&r.
California Pacific. 1st inort., gold (ext'd In 1887)
2d M., gold.gu.p.&i., end. by Cen. Pao., ext. in '91
Northern Ry. (Cal.), 1st mort., int'st guar., gold.
Con. M. ($21,000,000), g., let on 225 m.Un.o*&r
Northern California, 1st mortgage, gold
lstcon. ref. M. g.. gu., red. 105 af.'10.Eq...cAr
Southern Railway— Com. stock, $120,000,000...
Preferred. 5 per cent, non-oumu., $60,000,000...
M.
O. stock trust certificates.
$100 128,307,960
J1875 500 &e. 7,401,000
5,116,000
?1882 500 <fcc.
3,533,000
1887
1,000
1893 500 &0.
4,127,500
1879
6,000,000
1,000
1880
1,000
4,000,000
A.
A.
A.
2 g
gl
2
6g.
5 g.
§ g
-
M.
J.
-
J.
6g. J.
4*3g. J.
4iflg. J.
g> J.
&
&
&
&
&
&
&
&
&
<S
&
&
120 B'way
do
do
do
do
do
do
do
do
do
do
do
York.
O, N. Y., S.Pac,
O.
do
do
O.
N,
J.
do
do
do
do
do
do
do
do
do
1881
1,000
1867
1,000
1871
1,000
1877
1,000
1888
1,000
1889
1,000
1905 500 &0.
100
100
100
&
lstcon.M., lston900m.g.($120,000,000>Ce.0*Ar 4,502 1894 l.OOO&o
1904 1,00 »<feo
Col.tr. bds.,$l6,000.000.red )02»abeg Oct.06.G
1902 l,000*c
Monon.J ntM.,$15,500,000,red.l05 af.'07.S o*Ar
1900
1,000
• «>•
Equip, trust, ser A goid.due May and Nov.PI P.o*
1901
1,000
• •
do
do ser. B, g., due Apr. and Oct.PlP..
1902
1,000
do
do ser. C, g., due J. & D
1903
1.000
do
do ser. D, g., due M. & N
1P04
mmmt
1,000
do ser. E, g., due J&D.P1P
do
monthly
1904-5
do
do ser F & G, g., due
lt.05
due MAN PI f
do ser H g.,
1,000
do
CO.
A.— Pkoperties merged in Southern Rai
44 1883
Atlantic Tennessee & Ohio 1st mortgage. Ce
191 1869
500&0.
Ch.Col.AAug.lstM.(lnt.ingold); V.59,p.l006 Ce
191 1872
1,000
2d mortgage. Ce
4,180,000
2,232,000
1,595,000
5,156,000
£
4,751,000
o g.
1,074,000
75,000,000
4g.
120,000,000
60.000,000 5 in 1905
4
5,670,200
42,211,000
5 g.
5 g.
15,000,000
4 g.
11,827,000
85<-,000
4 g1,020,000
f g
2,061,000
4 g
4 g.
1,593.000
4^ g.
2,805,000
3*2
1,254,630
i^g.
4,275,000
Southern Pacific Company (Concluded).
The Ogden& Lucin RR., cut-off from Ogden to
Expended for account of proprietary companies,
Operating expenses
.
.
150,000
1,127.000
500,000
Lnoin, 102 miles
saving 46 miles, was completed in Nov., 1903. V. 74, p. 380, 1197; V.
71, P. 85; V. 77, p. 2099; V. 75, p. 288. In Nov., 1900, a majority of
Paoiflc Mail SS. stock ($10,005,000) was acquired. V. 71, p. 1013,1312.
System comprises the following, fully described under their own titles.
Miles.
(1) Proprietary Lines.
39
Controlled (also leased bt) So. Houston & Shreveport RR
F££ Co *
8) Controlled by Morgan's La. &
¥%&
™ .x.
Central Pacific kk
South Pacific Coast
,
101
Ill
Gulf Western Tex. A Pac. Ry..
16
Iberia A Vermilion RR.
9,i>27
Total Proprietary Lines
(2) Controlled by So. Pao. Co.—
Tot'l,deduc.242m. leas.toAtch.S,785
Operated Independently.
Q»lv. Harrisb'g A San Anton. Ry.
917 (4) Leased and Operated.
88
Hew York Texas A Mexican Ry.. l'<7 New Mexico A Arizona RR
263
Houston & Tex as Cent ral RR
691 Sonora Ry
Louisiana Western RR
199
Total RR. Mileage June 30. '04.. 9,378
Morgan's La. A Tex. RR. A SS..
328 Tot'l.deduc. 242 m. leas, to Atch.9, l- i«
Texas A New Orleans RR
440 Steamship Lines
4,896
Galveston Houston A Northern..
53
300
Carson A Col. Kj.(V. 8 p 1242.).
Affiliated Line.
191 Gila Valley Globe A North'n Ry..
125
Houston B. A W. Texas Ry
. . .
-
1
,
Grand
total of
owned, leased and
affiliated lines
June
30, 1904
9.
m
I
Proprietary Lines.—These, with a total mortgage indebtedness
June 30, 1904, of $300,207,584, are mostly owned— only $1,583,092 out
Of their total stock of $304,208,572 not being held on July 1, 1904, by
the Southern Pacific Co. " Omnibus Lease," see Sup't of Jan., 1899.
Stock, Etc.—Total com. stock authorized, $200,000,000, including
$67, i75,500 exchanged in 1899 for Central Pao. stock— see Central Paand V. 68, p. 378, 725; V. 69, p. 132: V. 70, p. 740. As to new prelerred stock, see General Finances below.
Dividends.— Dividends on pref., 7 per cent (J&J).
Bonds.— The 4 per cent collateral trust gold bonds of 1899 are limited to $36,819,000, and are subject to call at par on six months'
notice.
The first issue of $29,418,500, secured by the $67,274,200
common and $12,600,000 preferred stock of the Central Paciflo, was
Issuable forthwith. The remaining $7,400,000 can be issued from
time to time only as an equal amount of Central Paciflo preferred is
received and added to the collateral, $5,000,000 of this stock being
reserved for improvements and additions on the Cent. Pac. at not
exceeding $200,000 yearly— cee Cent. Pao. and V. 68, p. 378. See
Mortgage Abstract, V. 69, p. 859.
The two-flve-year collateral trust 4s of 1905, limited to $30,000,000, are scoured by deposit of $12,456,000 par value of various bonds
and *67,636 000 stocks of companies controlled, including Paciflo
Mail etc., and $1,530,000 Wells, Fargo, & Co. stock. See V. 80, p.
1857.
The first refunding 4s and 30-year gold 3*2S issued by the Central Pacific are unconditionally guaranteed, principal and interest.
General Finances —The stockholders voted on July 20, 1904, to
authorize $100,000,000 of 7 per cent non-oum. pref. stock, redeemable
at 115 at any time between July 1. 1905, and July 1, 1910, and convertible into common stock at par at option of holder. Of the stock
$40,000, 00 was subscribed for by stockholders pro rata at par.
The proceeds will be used to pay the floating dent, mostly held
by Union Pacific, and for future capital requirements, and also
"enable the company to refund bonded obligations maturing during
the next thre- years amounting to $65,4^0,000, on a much more
favorable basi* of credit, and leave over $30,0t<0,00 of free and nefotiable assets in the treasury." V. 78, p. 2443, 2t>00, 2574; V. 79. p.
04, 628, 2467. The first pref div., 3 <« p. c, was paid Jan. 16, 1905.
In 1905 the Southern Paciflo RR. is ueda refunding 4 p. o. mort
age under which »75,000.000 bonds were sold to refund *4 1,462,000
§ s and 6s maturing Id 1906, the proceeds of about
$30,000,000 being
used to reimburse the Southern Paciflo 'o. for advances for improve
mentf during the last few years. V 80, p 601.
During three years ending June 30, 1903, $44,256,853 were excific
»
<
equipment and $18,517,317
Sended for improvements and in 1903 4 capital
nes and addi ional property;
for
new
expenditures were
$19,072,972.
V. 78, p. 713.
Earnings.— 12 mos., ) 1904-5... Gross, $95,515,170; net, $29,547 595
July lto Juue30. 5 1903-4... Gross, 92,933,228; net 27,400,883
Houston & Texas Cent, and its subsidiaries are inoluded in both years.
Ann dal Report.— Fiscal year now ends June 30.
Report for 1903 4 at length in V. 79, p. 2452, 2461 to 2470; editorial,
V. 79, p. 2432. Average freight train-load, ij20 tons in 1903 4, average
reoeipts pei mile, 1014 cents, against ls 022 oents in 1902-3.
Receipts—
1903-4.
1902-3.
Aver, miles— Proprietary and non proprietary
9,02459
8,842 01
Gross receipts from proprietary and nonproprietary
lines and miscei. receipts of prop, companies:
Transportation receipts
192,933.231 $88,820,395
Trackage and other rentals
22f>,60<!
875 926
Income from siuk. fund9 pledged for redempt'n of bonds
3U6,5e8
280.464
Income from lands and securities not pledged for redemption of bonds
6'6,228
681,660
Interest on stocks and bonds owned
817.1i7
680,812
Income from othe> investments
32,000
48 167
Miscellaneous re( eipts
36,039
164^617
Interest on loans and advances other than open accts.
of proprietary companies
486.156
146,474
Total receipts
$l»6.528.9»>2 990,683,436
,
J.
A.
&
&
&
New
J.
Apr.
Apr.
Nov.
Mch
Moh.
Jan.
Jan.
Jan.
Jan.
Oot.
June
Jan.
1906
1912
1937
1937
,1909
1910
1,
1, 1911
1, 1912
1, 1911
1, 1907
1, 1938
1, 1929
1, 1955
1,
1,
1,
1,
O. N.Y., J.P'Morgan & Co. Oct.l7,'05.2i«
Co. Oct. 1, '05, 2%
O. N. Y., J. P. Morgan
J. N.Y., J. P. Morgan & Co. July 1, 1994
Apr. 1, 1909
do
do
O.
&
July 1, 1952
To Nov. 1,1907
To Sept. 30, '08
do
do
O.
D. New York, Blair & Co. To Deo., 1909
To May 1, '10
do
do
N.
D. Prov. Life & Tr., Phila. To Deo. 1, '14
To Feb., 1910
do
do
To May 1, '15
M. & N.
do
do
J.
&
A. &
J. &
M. &
J. &
M.
A.
6
J.
I*
A.
&
&
&
do
J.
do
N. Prov.Ll f e & Tr. uo. , Phil,
O. N. Y. J.P. Morgan
,
J.
O.
& Co.
Apr. 10, 191S
July 1, 1909
do
do
do
do
viz.:
Oot.
1903
4.
$e3,l 9,603
2.85^54
218,133
15.664,326
941,004
1,418,318
31,029
261,582
821.6*8
113,593
Interest on Central Pacific RR. notes
Interest on open accounts
Miscellaneous expenses
Land department expenses and taxes
Sinking fund contribution and earnings
Betterments and additions
Oti'er charges against Southern Paciflo Co.. viz.:
Insurance, depreciation, etc
A dvances to San Antonio A Aransas Pass Ry. Co
3,324
671
.
A.
A.
&
&
&
O.
D.
Taxes
Trackageand otherrentals
Interest on funded debt
Tex.— Operated Independently.
1,460
Ry
Southern Pacific HR
Oregon A California RR
A.
J.
Oot.
Total expenditures
Surplus over all disbursements
President, E. H. Harriman.-iV. 80, p. 1914;
1,
1910
1902-3.
$60,301,260
2,110,541
218,133
14,846,249
1,112,387
679,825
56,357
288.150
796,464
179,277
651,704
930.474
362,888
$86,644,509
$81,719,005
1,000,885
$\878,483
$8,984,431
81, p 778, 1242.)
( See Mops.)— Road.— Owns all the CaliSouthern Pacific
fornia lines of the Southern Paciflo system except the Central Paciflo
and the South Paciflo Coast. The road owned aggregates about 3,324
miles, embracing a through line from east bank of Rio Grande River
V
RR.—
through New Mexico and Arizona, via Los Angeles, San Francisco and
Oakland, to Tehama in No. California, with numerous branches. Of
the lines owned and leased in 1904 (41 miles are leased), 3,082 were
operated in the Southern Pacific system, 242 miles (Mojave to
The Needles) being held under long lease by Atchison in exchange for leases of 350 miles of roads in New Mexico and Arizona.
see V. 64, p. 609.
V. 65, p. 931, and Atoh. T. & 8. F. item, p. 1113
Organization.— A consolidation of the So. Pac. RR. companies of
Cal., Ariz, and New Mexico. V.74. p 578; V. 81 p 900.
;
,
Stock.— So. Pac. Co. June 30, 1904, held nearly all of the stock.
Bonds.— Consolidated Mortgage of 1894 abstract was in V. 57, p.
1041; $24,524,500 of the consols stamped subject to call at 107*3 were
called for payment on Aug 1, 1905.
The first consol. refund. 4s of 1905 ($160,000,000 authorized issue)
will eventually be a first lien. In Feb., 1905, $75,000,000 was sold.
The bonds are issuable or reserved as followis (V. bO, p. 601, 1112):
Issuable on dema d
...$25,000,000
Issuable to refund a like amount of prior lien bonds (of which *44,617,000 mature or have been called for redemption on or before
Oct 1. lHOi. $15.68 1,000 mature during the next Labout] 7 years
and H3,4H6,f> "thereafter
Issuable to r» fund other prior lien bonds, any
to be available for other purposes
Issuable for construction, betterments, etc
93.682,500
bi
lance not required
15,000.000
26.317,600
'
Annual Report.—For year ending June 30, 1904, earnings were:
Gross, $32,603,510; net. $12,392,423; other income, $1,136,542;
Charges, $7,935,406; surplus, $=>,593,.'>59. In 1902-3, gross. $30,756,133; net, $12,392,423.-(V. 80, p. 1112; V. 81, p. 156, 778, 900.)
Southern Railway Company.— See Map, pages 13(i and
137.}—Company operates 7,197 miles, extending from Washington,
D. C, and West Point and Richmond, Va. to Danville, Va., Greensboro,
N. C, Norfolk, Va., Charlotte, N. C, Colu mbia, N. C, and Atlanta, Ga.,
thence northerly to Bristol, Tenn., southeasterly to the coast at Brunswiok, Ga., and westerly across the States of Alabama and Mississippi
to the Mississippi River at Greenville. Water lines— Bait. Ches. &
i
Richmond S. B. Co., 200
Owned in fee—
miles. fl See this company.
Miles.
Leased Continued.
—
Miles.
TfRiohmond & Mecklenb. RR.
31
280 H North Carolina RR.—
Charlotte,N.C.,toAug'sta,Ga. 190
Goldsb., N. C, to Greensb.. 130
Col'mbia,S.C.,toGreenv.,S.C. 145
Greensb. to Charlotte, etc.
94
179 Atlantio & Danville Ry. —
W. Point, Va., to Neapolis.
Salisbury, N.C.to Morristo'n,
Norfolk to Danville, Va.,
Tenn
231
and branches
281
Memphis to Stevenson, Ala... 272 LockhartRR
14
Bristol to Chatt'ga, Tenn
242 Other
6
Knoxville to Cumb'd Gap.Ky
66
Operated under agreement—
Ooltewah Junction, Tenn., to
Roswell RR
12
Brunswick, Ga
409
Controlled by securities—
Austell.Ga., to State L., Miss. 261 Atlantio & Yadkin
165
AtlantaJc, Ga., to York, Ala. 271 State University RR
10
Atlanta, Ga.,te Ft.Valley.Ga. 102 Elberton Air Line RR
51
E. St. L., 111., to N. Alb., Ind. 265 N orth Carolina Midland
54
Branches, etc
122
1,594 Other roads
Trackage Rights—
Total owned
23
4,507 Hardeev'e, S. C, to Sav., Ga.
Leased
Washingt'n,D.C.,toAlex.,Va.
7
Atlanta & Charlotte Air L.
38
Stevenson to Chattanooga,&o
Charl., N.C. to Atlanta, Ga. 263 York, Ala., to Meridian.Miss.
27
18
TTGeorgia Midland Ry
98 Birmingham to Mobile Jc.,&o
Fran kiln & Pittsylvania
Indiana Bridge.
10
30 Kentucky &
Mobile & Birmingham RR.—
8elma,N.C.,to Pinners Pt.,Va. 155
f
Selma, Ala., to Marion Jct.. 150 Savannah, Ga., to Jacksonv. 152
TSouthern Ry., Car Div.—
Other
32
Charlest'n, S .C. to Augusta,
Total mileage op. July, '05.7.195
Ga., with branches to CoControlled operated separately.
lumbia, S. C, etc..
252
.
Oamd'n,S.C.,toMar'n,N.C. 171 ^Mobile & OL.0
912
Ashev., N. C, to Alston ,S.C. 134 II Augusta Southern
82
Other branches
157
Also has one-sixth interest In Riohm'd- Washington Co., owning union
line between Richmond and Washington, 115 miles. V. 75, p. 449.
Alexandria (near Washing'n)
to Greensboro, N.C
.
—
11
,
—
136
RAILWAY STOCKS AND BONDS.
jUaa—^
f~\
Newport
„
*&£***
Dardanelles^
utt <-er£ck>
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Hot Spr/nkc^.
lS(
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[Vol. lxxxi.
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^^^ Vc^f
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RAILWAY STOCKS AND BONDS.
Oct., 1905.]
137
ivelandI/
rron
Lock Have
S Y
Altooua^-<Tyrone
..PITTSBURG
Bellaire£<X
p ^vS:
.
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MAP OF THE
SOUTHERN RAILWAY
SYSTEM.
CO.
Southern Railway -owned or leased
Operated separately- Majority Stock Owned.
Other lines in which the Southern Railway is interested.
Principal Connections.
Trackage Rights
%
.
.
J
RAILWAY STOCKS AND BONDS.
38
[Vol. lxxxi.
Bonus— rrinolINTEREST OR DIVIDENDS
RAILROADS.
Miles Date Size, or
pal.When Due.
Amount Rate per When Where Payable, and
of
Par
for explanation of column headings, &c, see notes of
by Slocks— Last
Outstanding
Payable
Road. Bonds Value.
Cent.
Whom.
on first page of tables.
Dividend.
347
50
309
1881
1882
1874
1882
1889
1873
1880
1881
1886
1884
1884
552
Div. M., g., (Bristol, Tenn. to Selma, Ala.).Ce.o
E.T.Va.& Ga. cons. M., g.($20,000,000).c<fer.Ce 1,020
95
Ala. Cent. 1st M., Selma to Meridian, goM.Ce....
66
Knoxv. & Ohio, 1st M.. g.Ce.(V.79,p.l466).o*&r
1880
1886
1879
1885
South' n Ry.—( Con.)— Col.<fe Green.lst M.,g.Ce.o*
0*
Georgia Pacific 1st mortgage Oe
Richmond & Danville cons, mortgage, gold-Ce.o
Deben. mort., old 6s (no longer incomes) .Ce..
.
Equip. Trust bonds, gold,
164
566
s.f.,subj to call.Ce.O'
Richmond York River & Chesapeake
2dM., extended from 1900
Virginia Midland— 8erial mortgages
mort.G
1st
G
General mortgage. Ce...
Washington Ohio & Western 1st mortgage. Ce..
Western No. Carolina, 1st con. mort., gold.Ce.c
East Tennessee Virginia & Georgia—
38
38
B.- Southern Railway Divisional, securities..
©*<fcr 1,020
East Tennessee Lien, gold.Ce
292
1st mort. on Memp. A Ch., $8,000,000, g. O.c*
sf red. par Jan.l y'ly
28
Charlottesv. A Rap. 1st M.,
24
Aiken Branch, 1st M., gold A (V. 68. p. 826)
0*&r 365
St. Louis div. 1st m., $15,000,000, g.IC
....
Col M.,g.,$9,500.000, s.f.,sec.M.&0 gen.4sGc*&r
Mobile & Ohio bonds— See Mobile & Ohio RR. CO.
,
&
Mecklenb., 1st M., $315,000, gold...o
31
1TAtlanta& Charlotte— Stock
Pref. M. (old 7s ext. in 1897, V. 64, p.286) our.c 265ifl
r 265*3
1st mortgage
Income bonds (not oum.) 6s, interest at 4 p. o.r
'Georgia Midland 1st mort Interest guar Ce.
98
Also additional amounts pledged June 30, 1905, under
,
Has perpetual trackage
.
rights
1,000
1,000
1,000
1,000
1899
)
8*
A.
5g. M.
5
J.
413
M.
M.
M.
5,6
5
4
P.
6g.
5
5
6
6
J.
g. J.
g. 'M.
g. J.
g. J.
M.
4,500,000
5,183,000
4*2,5
6
23-1,600
J.
4g.
4g.
4g.
150,000
11,750 000
8,035,000
1,000
1,000
1,000
1,000
500
1,000
1,500,000
4 g.
315,000
4 g.
1,700,000 7 in 1905
4 o.
500.000
4,250,000
7
750,000
1,650,000
firstc onsolida ted
over Atlantic Coast
J.
J.
J.
6g.
Line RR.
between Savannah, Ga., Jesup and [Jacksonville, Fla., 152 miles.
Lines under construction June 30, '05, at»out 175 miles. V. 81, p 1 180,
In July, 1S05, an option for three years for purchase of a majority
of the st «ck and bonds of ihe Tennessee Central aid the Nashville
Terminal Co., jointly with the Illinois Central, was obtained.
AFFILIATED BUT OPERATED SEPARATELY (See each CO.)
357 Northern Alabama
119
Alabama Great Southern
336 Georgia Southern A Fla
397
Oincin. N. O. & Tex. Pacific.
Organization, Etc.— A reorganization in 1894 of the old Richmond
A West Pt. Ter. system per plan in V. 58, p. 363, 385. See also V. 56,
Numerous lines have since
p. 858, P74, 1016, 1058, and V. 57, p. 61,
been acaulred by lease and purchase.
In 1902 Atlantic Valdosta & Western Ry., 1 12 miles, was merged In
Ga. So. & Fla. V. 74, p. 1309; V. 75. p. 982; V. 77, p. 699 In 1903-04
the Southern Ry. and Loulsyille & Nashville acquired $13,670,300 of
the $15,500.000 Chic. Indianapolis & Louisville stock in exchange for
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J.
J.
J,
1
a.
M.
M.
A.
J.
4
N.
S.
Safe D.
J.
do
do
do
N.
J.
J.
N.Y., J.
&
&
&
&
|
their Joint 50- year 4 p.
0. bonds.
V. 74, p. 1029, 1090.
Stock. Authorized $120,000,000 common and $60,000,000 five per
cent non-cumulative preferred stock. No additional mortgage can be
put upon the property, nor can the amount of the preferred stock be
lnoreased without the consent of holders of a majority of the preferred.
As to question whether the pref. Is subject to call, see V. 72, p. 1136.
Votin3 T rust.—A majority of both classes of stock is deposited with
three stock trustees under an extension oonsented to in 1902, until
Oot. 15, 1907, and thereafter until terminated by a vote of a majority
of tbe stock a-senting thereto, although the stock trustees may, in their
discretion, deliver the stock at an earlier date. Stock trustees: J.
Plerpont Morgan, Charles Lanier and Georue F. Baker.
Provisions
of voting trust and pref. stock cert. In Srjpp. of April, 1897, page 6.
As
to extension, see V. 75, p. 442, 612, 1033.
511234
55
Dividends (p.o.)>'97 *98 1899 1900 1901 1902 1903 1904 1905
5
on preferred.
5
Bonds.—The new first consolidated mortgage. Central Trust Co.,
N. Y., trustee (see abstract In V. 59, p. 783), is limited to $120,000,000, as follows:
Issued to June 30, 1905 (of whioh $3,128,000 In treas.)... $45,339,000
"
"
64.791.000
Issuable nnlv to ( P rior bon<ls <«>« V. 59, p. 785)
1B
5,700,000
™rYa in 8tocks eee v 59 P- 786 >
retire certain"I
equipment obligations (see V. 59, p. 786)
.
277,700
To be issued hereafter only for extensions and additions
at not exceeding $2,000,000 yearly, with a single exception as to $4,000,000 (see V. 59, p. 786)
3,942,300
Prior bonds must be paid by maturity.
Divisional First Mortgage bonds, Issued in 1898 on account of pur
chase of Memphis A Charleston Ry., bear 4 per oent interest from Jan.
then 4^ per cent to July 1, 1906, and 5 per
1, 1898, to July 1, 1901
cent thereafter. The total authorized issue is $8,000,000, but $1,500,
000 can be used only to build a line for which co tract* were
letinl9o5, replacing trackage between Stevenson and Chattanooga,
38 miles, and $1,417,000 was held for betterments at not exceeding
$100,00< yearly. See V. 67, p. 179: V. 81, p 1180.
Second mortgage on former Memphis <fc Charleston secures $2,500,000 of 5 per cents, of which $1,500,000 owned by 80. Ry. June 30,
1904 and $1,000,000 reserved for Improvements. St. Louis Division
mortgage covers the former Louisville Evansville <fe St. Louis RR.,
consisting of 374 miles of main line and branches, the balance unissued, $.-(, 250,000, being reserved for extensions, Improvements or
additional equipment. V. 72, p. 138.
The collateral trust 4s of 1901 have been issued dollar for dollar in
exchange for the Mobile & Ohio general 4s as acquired, by a pledge of
which they are secured.
8tock trust certificates for M. & Ohio
stock have also been issued, upon which dividends are payable at 2 per
oent for one year, 3 per cent for the second year and 4 per cent in
perpetuity thereafter. V. 72, p. 242, 822. In 1905, $8,035,000 of the
$9,472,000 bonds and $5,6 0.200 of the $6,070,600 stock had
been deposited. V. 72, p. 439; V. 73, p. 664. See M. <fe O. statement.
Jointly with St. Louis & San Francisco RR. guarantees bonds of
New Orleans Term. Co. V 77, p. 38, 699; V. 79. p. 14t>6.
Equipmtnt trusts mature as follows: Series A, $225,000 each
In Ma? and November, 1901, and $213,000 May 1 and $212,000
November 1 In each year thereafter; Series B, $180,000 each,
Mar 31 and Sept. 30, 1902, and $170,000 each 1VI.&S. thereafter; Series
O, $223,000 on June 1,1903, and $229,000 each J. & D. thereafter;
series D, +177,000 each M. A N. beginning Nov. 1, 1903; series E
$150,000 each, J &D., to June, 1906. incl., and $L47,000 e.a h, J. A D.
thereafter; ser. H
$225 000 each M. 4 N. In July 1905, consols
were being issued in exchange, dollar for dollar, for the $2,000,000
Charlotte Columbia A Augusta 1st 5s; $873,000 had then been exchanged. V. 73, p. 1265.
General Finances.— In Apr., 1904, $15,000,000 five-year collateral
trust bonds (*16,000.000 authorized issue) were sold, secured by
stooks and bonds in the treasury, giving an annual income of $93 ,.
172, the proceeds being used to refund the $4,000,000 coll. trust certfs.
of 1901 and $10,000,000 certfs. of indebt. V. 78, p 1^24, 1448, 2385.
Gross, $8,281 ,489; net, $2,237,675
Latest Earnings- 2 < 1905
mos.. July 1 to Aug 31. 1 1904
Gross, 7,757,669; net, 2,142,828
Annual Report.— Fiscal year ends June 30. Annual meeting 1b held
the seoond Tuesday In October. The report for 1901-05 was given at
length In V. 81, p. 1168, 1179. See also editorial p. 1179.
T
<
;
,
-
>
1,
Sept. 1,
Jan., 1.
Nov.
Co., Bait.
1,
1927
1909
1910
1910
Var. 1906-31
July
1,
1,
1,
1936
1924
1914
do
do
do
July
Nev.
July
P. Morgan & Co. July
1,
1,
1,
1,
1930
1956
1918
1925
do
do
Sept. 1,
1,
1,
1938
1996
1913
1998
1951
1938
1,
1,
1949
1948
Feb.
July
Phil.,Tr.SafeD.&Ins.Co. July
N.Y., J.P. Morgan &Co. July
do
Jan.
do
Sept.
do
do
N.Y., J.P.
Morgan & Co Apr.
do
Nov.
do
1,
1,
1,
N. Y., Central Trust Co. Sept. 6,'05, 3>«
do
do
Jan. 1, 1907
do
do
Jan. 1, 1907
do
do
Jan. 1, 1907
N. Y.,J. P. Morgan & Co
1946
b $1,325,000.
&
A
A.
3 g. A. &
a $22 5,000:
is
widely diversified, which
is
an
ele-
Agricultural products In 1904-05 furnished only
about 12 per cent (ootton about 4 per cent), while over 41 per oent
was from mining Industries (29 per cent being coal) and about 29 per
oent was product of manufactories. Ton rate, 0-944 oents per m.; trainload,
strength.
229 tons.
Tears end. June 30
Average miles oper.
1905
1904.
7,164
31,775,326
12,471,572
3.898,210
48.145.108
13,0b2,5P4
1,612.840
1903.
7,129
S
7,199
I
.
Jan. 1, 1916
Jan. 1, 1922
Jan. 1, 1915
Apr.
do
do
do
do
s.
do
do
do
do
do
do
Morgan & Co. May
do
J.
Morgan & Co.
& Tr.
N. N. Y., J. P.
A,
do
Traffic— The freight tonnage
ment of
do
do
do
do
do
do
8.
J.
I
mortgag e:
N.Y., J. P.
O.
&
South ERN RY.
100
1877
1877
1880
1896
6
3,106,000
12,770,000
1,000.000
2,000,000
1894
1,000
1898
1,000
1879 lOO&c.
1898
500
1901
1,000
1901 l.OOO&o
O.— ON PROPEKTIE8 PRACTICALLY OWNED BY (*) OR LEASE DTO(U
Ce.c*
166 1899
'Atlantic & Yadkin 1st M., g., guar
flRlchm.
$1,000 $2,000,000
1,000
5,660,000
1,000
5,997,000
1,000
3,368,000
1,000
60,000
1,000
400,000
1,000
500,000
1,000
7,634,000
100&0.
4.859,000
1,000 al,025,000
1,000 b2,531,000
S
1902.
6,743
H
30,032,416
11,314,045
3,763,316
45 109,777
11,994,310
1,395,181
13.389,491
8,952,329
1.03O.569
3.406.594
28,081,034 24,942,460
10,804,542
9,601,360
3,468,485
3,168,428
42,354.061 37,712,248
11.3P 4,921 10,865,411
1,211,261
824,509
Other income
Total net income 14,t>75,43l
12,576,182 11,689,920
9.290,433
Interest and rentals
8.446,041 7,833,614
Other deductions..
1,289.918
422,663
255.409
Bal., sur. for year
4,095,«'83
3,707,478
3,« 00,897
Dlvid. on pref." .... (5)3,000,000 (5)3.000,000 (5)3,000,000(5)3,000,000
Officers.— President, Samuel Spencer, 80 Broadway, New York;
8eo'y, R. D. Lankford, 80 B'dway, N. Y.; Treas'r, H. 0. Ansley, 1300
Pennsylvania Avenue, Washington, D. C.
Directors.— A. B. Andrews, Raleigh, N. O.j Joseph Bryan, Richmond, Va.; W.
W. Finley, Washington, I). O.: S. M. Ionian. Atlanta, Ga.: Adrian Iselln Jr.,
Samuel spencer Charles 81 eele. James I'. Woodwara, Harris C Fahnestock,
Robert M. Gallaway, Charles Lanier and Edmund U R indolph of New York.
—(V. 80. p. 1857, 262.!; V. 81, . 32, 156. 508, 5 5 A, 1 1 68, 1 1 79.)
Southern Railway, Carolina Division.— Charleston, S. C,
to Augusta, Ga., with branches to Columbia, S C, etc., 252 miles;
Camden, 8. 0., to Marlon, N. O, 171 miles; Asheville, N. C, to Alston,
Leased
S. C, 134 miles; other branches, 138 miles; total, 695 miles.
Stock authorized. $7,798,700, all
the Southern Railway.
to
owned by the Sou hern Railway. Of the generals of 1902
are
reserved to retire
(*18,000,000 authorized),
*6, 60 000
at or before maturity the underlying divisional bonds, $5,000,000
have been used to reimburse the Southern Ry. for the previous purchase of the several properties, and the remainder are available for
improvements, equipment and extensions, $4,000,000 being reserved
for a northwestern extension into and through the States of South
Freight
Passengers
Mail, express, etc
Gross earnings .
Net earnings
,
Carolina. North Carolina, Virginia, Tennessee and Kentucky.
President, A. B. Andrews.— (V. 75, p. 31, 136.)
p. 136.
V. 75,
RR.—
&
Owns and operates Johnson City, Tenn.,
South
Western
to Spruce Pine, N.(J.,64 miles; also graded Johnson City, Teun., to Gate
City. Va.. 32 miles, and Clinchport, Va.. to Minneapolis, Va., 40 miles.
Extension is proposed from a connection with the hes. <fe Ohio Ry.
at E'khorn, Ky„ through the Olinchtteld Corporation properties in
Wise, Dickenson aud Buchanan counties, Virginia, to a connection
with the Seaboard Air Line at Rutherfordton or Llncolnton, N O,
m of this about 100 m. was under construction i 1 Oct.,'05
about
In Jan., 1905. control of the South A Western and of the Crane's Nest
Co., owning about 112.000 acres of ooal lands (V. 75, p. 908), was aoquiied by the Clinchtleld Corporation, with $2,300,000 stock, which Is
now controlled by Seaboard Air Line Ry. interests. V. 79, p, 1705;
V ^0 d 118 2 '3 22 .1
Stork authorized, $10,000,000; outstanding, $100,000; par of
shares, $100. The bonds are subject to call In whole or part (by lot)
at par and accrued interest on or before Jan. 1, 1907, on 90 days'
notice, coupon* to Jan. 1, 905 inclusive, being at the rate of 3 per
cent yearly, those of July, 1905. and Jan., 1906, at 3 13 per cent and
thereafter at 5 per cent per annum. V. 76, p. 4 36. For year ending
:-<<
;
1
gross, *156,757; net, $75,801; charges, $30,008; bal.,
Pres., George L. Carter.— (V 80, p. 2221; V. 8 1, p. 212.)
Soutliwewt Pennsylvania Ry.— Greensburg, Pa., to Falrohance»
Pa., 45 miles, and branches, 83 m. Leased to Penn. RR., which pays
net earnings as rental and owns most of tue $1,499,900 stock; also
$600,000 bonds. See V, 80. p 1914.
'94.
'95.
'96. 1897 to Apr., 1905.
93.
Dividends.— ) 1892.
11
11
10 per cent yearly.
10
10
10
Percent.... S
* Balance*
Int.,taxes,<f.c.
Divid'ds.
Net.
Gross.
Fr.Oec.31.
June 30, 1905,
sur.,
$44,793.
$149,990 sur.$389,0H2
$1,811,930 $666 089 $$142,520
$387,354
149,990 sur. 167.889
695 681
2,187,141
* Includes $15,503 other Income in 1904, $9,552 in
903. $ Includes
improvements, $31,093 in 1904; t 767,863 in 1903.— (V. 80, p. 1914.)
NoiitbweHtern RR.MJa.)— Owns Macon, Ga., to Eufaula; Fort
Valley to Columbus, Ga., etc, with brandies; total, 333 miles
Leased for 101 years from Nov. 1, 1895, to Central of Georgia Ry. at
a rental of 5 p. 0. on stock. As to suit, see V. 71, p. 809; V. 73, p. 1062.
SpoKane International RR.— Und«r construction from Spokane, Wash., to Yahk. Brit. Col. on the Canadian Pacific Ry.. about
140 miles, to be completed in 1906. Canadian Pacific parties, with
whioh road has a traffic agreement, have an Interest. Stook, $4, <;00,000{
par of shares. $100 Bonds. $4,200,000 (see t»ble above) have oeen
v. 81. p. 1^6. President, D C. Oorbin, Spokane, Wash.; iee.
sold
and Treas Alfred C. Chapin, 192 Broadway. N Y.— (V. 81. p. 156.)
Springfield Inlon Depot Co.— V. 77, p 770; V. 79, p. 2589.
si.ii 1 1. 11 Duyvtl & Port Morrl* RR.—Owns 6 m. double traok
and connects the N. Y. Central & Hudson with the N. Y. A Harlem
Leased to New York Central till Deo. 31, 1970, at 8 per oent on stook.
1904
1903
)
o
,
RAILWAY STOCKS AND BONDS.
Oct., 1905.]
RAILROADS.
Date
Miles
Size, or
Amount
Par
of
of
For explanation of column headings, &c, see notes
Road. Bonds Value.
on first page of tables.
Outstanding
$100
Bonds — i'rinoiINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks—Last
Rate per
Payable
Whom.
Dividend.
Cent.
$4,000,000
600,000
1,200,000
900,000
By.— f ConJ-HNo.Car., stock, 7%, guar.
flMobile & Birmingham RR., prior lien, g.Ce...c
o
1st mortgage, $l,200,000.Me
•«•••• •• ••
"^""ftf ftrrftd stock
Northern AlabamaRyi-^See that Company.
mortgage.
If Atlantic* Danville 1st
Southern
••
Me
fa
2dM., g
1895
1895
149
149
300, 1,000
20O, IfiOO
100
Southern Railway, Carolina Division—
245 1894
1f8o. Carol. & Ga„ 1st M., g., $5,250,000.
1895
*8part. Union & Col., $1,000,000, gu. Ash. & Sp.g.
*16 1899
Sumter & Wateree River RR. 1st mortgage. Ce.
1902
....
General mortgage, $18,000,000, gold.N
"38 1902
Western— 1st M., $600,000, g., red. (text).c
South
Sonthw Pennsy.-lstM.,s. f ,$5,000 y'rly .not dr'n.r 128 1877
333
Southwestern ( Ga J— Stock (see text)
Sparlanb'g Union <& Columbus— See Sooth'N Ry., Caro LINAD
Spokane in'emaional— 1st M., $4,200,000, gold.
""6 1965
8puyten 2>uy?nJrfP'Uro?\--Stoek,8p.cgu.,N.Y.Cent
52 1903
Stanleu Merrill <£ Phillips— 1 at mortgage, gold ...
24 1898
Slate Line A Sullivan— lstmort., $300,000, g.Unc'
Staten Island Ry. and staten Island Rap. Transit- See B ALTIM
1886
.-..•
„
Suffolk <t Carolina— 1st' mort
"75 1902
1st consol. mort., $1,000,000, gold, red. 110 ..o*
1894
Sullivan County RR.—lBt mortgage, $400,000....
Sunbury Hazle. <£ Wilkesb.—Sunb'ry dt Lewistown— See'p ENNST
Suncook Valley— Stock, 6 p. o. rental Con. & Mon.
"42 1902
Susq. Blooms. <t Bene.— 1st M., $700,000, gold.FP
81
Binghamton & New Tor k—Stock
Syracuse
81 187*6
Consol. M.(p.andi. gu. (end.)byD.L.&W.).F.c*<fer
Syracuse Geneva <t Corning— Stock (3 *s p. o. rental)
64 1875
1st mortgage, sinking fund, drawn at par.F. ..o
Ceo*
<fi
2dmortgage.F
---
.v,r-i---
c
Xac..Ea^.--lstM.$l,500,000.g.r'd llO.beg '08.ICC-
64
58
I
100
tVIBION.
1,000
&
989,000
300,000
207,000
ORE & Ohio.
90,000
710,000
1,000
1,000
357,000
LVANIA RR.
240.000
100
700,000
1,000
100
2,500,000
1,000
1,960,000
100
1,325,000
100 &c
253,700
600,000
1879
1,000
754.000
1903
1.000
.
&
Ry.—
RR
RR.—
RR.—
Susquehanna Bloomsburg & Berwick RR. —Watsontown
42 miles. V. 75, p. 343. Stook, $1,000,000, all
outstanding; par of shares, $50. Bonds, see table. V. 75, p 1303.
Year ending June 30, 1904, gross, $56,509; net, $12,317; deductions,
$31,35<:; bal., d*f., $19,035. Pres., J. Henry Cochran, Williamsport,
to Berwick, Pa.,
Pa.-(V.75,
p. 1303.)
Susquehanna & New York RR.— Owns Towanda, Pa., to
Ralston, 43 miles; Gray's Run Branch, 25 miles; other branches,
3 »s miles; tram road branches and sidings, 14 m.; trackage (including
7 miles of sidings), lS^m.; total, 99 miles. A consolidation in 1902.
V. 75, p. 291. Stock, $2,000,000; par of shares, $100; outstanding,
$1,212,100. Bonds ($2,000,000 authorized) are 4iue, dated Deo. 1,
1902, and due Deo. 1, 1932, but subject to call In ten years; outstanding, $937,000. All the stacks aid bonds are owned by the U. S.
Leather Co. V. 80, p, 872. For year ending June 30, 1904, gross,
8214,136; net over taxes, $55,967. President, C. S Horton; Treas.,
Pa—
F. E. Bradley, Williamsport,
(V.75, p. 291, 395; V. 80, p. 872.)
Sussex
Stanhope to Franklin. N. J., and branch, 30 m. Oper.
by Del. Lack.&W., which owns a majority of the $1,638,600 stock. Dividends from earnings of 1899, 3 p. c; 1900, 4 p. c; 1901 to 1903, both
Inc., 2 p. c. yearly; 1904. 5 p. o. For cal year 1904, gross, $237,418;
net, $108,398; taxes, $4,645; divs. (5 p.c), $81,930; bal., sur., $21,823.
Syracuse Binghamton
N. Y.
Geddes, N. Y., to Bing
hamton, N. Y., 81 miles. Controlled since 1869 by Delaware Lack. &
W., which. June 30, 1904, owned $1,909,400 stock and guar, the bonds.
'88
Dividends
'89
>
'92 to Aug., 1905, inolus
'90
'91
Percent
12
8
8
13
8 yearly (2 p. o. quar.)
S
Report.
Cross.
Net.
Int.
Dividends.
Balance.
RR.—
&
1904
1903
RR.—
$1,294,203 $466,773 $137,890
$200,000 sur.$128,883
1,220,655
476,849
137,620
-(V. 65, p. 568.)
Syracuse Geneva
Corning Ry.—Corning, N. Y., to Geneva,
N. Y., 58 miles; Penn Yan to Dresden, 6 m. Leased from May 1, 1899,
for term of corporate existence to N. Y. Central for $46,375 per annum, payable quarterly, interest on bonds and other obligations, taxes
and repairs, the N. Y. C. owning $821,800 of the $1,325,000 stook, par
$100. Rental equivalent to Z^ p. c. on stook — (V. 75, p. 1033.)
&
J.
<fe
&
&
&
&
&
&
A.
Burlington, N. C.
Aug., 1905, 3»a
& Co. July 1, 1945
J. N.Y., J. P.Morgan
do
do
J.
do
do
J.
July
July
1,
1,
1948
1948
Morgan & Co. May
1,
1,
1919
1995
1919
1952
1952
1917
J. N. Y., Mercantile Trust.
York.
J.
New
N. N.Y., J.P.
do
do
do
do
do
do
J.
0.
J.
J.
July 1, 1945
July 1, '05,2%
Jan.
Apr.
July
1,
1,
Invest. Tr. Co., Phila. Jan. 1,
A. Phlla., Broad St. Stat'n Feb. 1,
J. Sav., Ga. & Macon, Ga. J ly5,'05,2i3
,
%
& J. N. Y.,Kniokerb'r Tr Co July 1, 1955
g
& J N. Y.. Gr'd Cent.Station July, 1905, 4%
i
5g. M. & N Office, Eau Claire, Wis. Mav 1, 1918
4i« g. J. & J. N. Y., Union Trust Co. Jan. 1, 1929
Apr. 1, 1911
A. & O.
6
g J. & J. Int'n'l Tr. Co., Balt'me. July 1, 1952
i
A. & O Bos. Safe Dep. & Tr. Co. Apr. 1, 1924
J. & J M'nch st'r,N.H.,Nat.Bk July, 1905, 3%
6
5 g. A. & O, Phlla., Fidelity Tr. Co. Oct. 1, 1952
8 in 1904 Q.-F. N.Y..D.L.&W.RR.CO Aug. 1, '05.2%
Oct. 1, 1906
do
do
A. & O
7
Q.-F. N.Y., Gr. Cent. Station. Nov. 1, '05,78%
3ht
M15&N, N. Y., Farm. L. & Tr. Co. Nov. 15, 1905
7
M. & 8. N. Y., Gr. Cent. Station. Moh. 1, 1909
5
5 g. J. & J. IN.W. Harris &Co..Chlc Jan. 1. 1923
-
100
Ry.—
RR.—
See text.
1,000
1,000
RR.—
&
J.
4g.
5g. M.
5,250,000
4 g. J.
1,000,000
100.000
5 g A.
4 g. .1.
5,000,000
600,000 3 to 5 g, ,1.
P.
7
900,000
J.
5
5,191,100
A
Ry.—
4g
1,000
1,000
1,000
1,000
1,000
1,000
Stanley, Wis., to Lynch, 39
Philips
Stanley MerriK
miles: branches and terminals 13 mil ». Stock, $100,000; par of
shares, $100. Bond*, see table above. For year ending June 30,
1905 gross $133,045; net $46 347; interest. $24,985. Loans arid
new baud Issue of $750,<>00
bills payable J une 30, 1905, $198,666.
was proposed to take up the outstanding bonds, pay the floating debt
and provide for future purposes V 81, p 1101. President, S. G.
Moon; Vice-President, C. D. Moon; Treasurer, J. T. Barber; Sec. and
Auditor. F. II. L. Gotten, all of Eau Olalre, Wis.; Gen. Mgr., K. C.
Morehouse, Stanley, Wis. —(V. 81, p 1101
Owns Monroeton, Pa., to Berenice,
Sullivan
State Ijlnc
Pa., 24 miles. Stock, $980,250 (par $50.) Di vi tend, 1 p. c , paid Deo.
7, 1904. Mortgage covers 5,000 acres oal lands. The bonds are subject to call at 105, after 1914 at par. V. 67, p. 1209. Road leased till
1934 to Penn. & N. Y. Canal &, RR. (rental, $40,000 per ann.), and so
oper. by Lehigh Valley.-(V. 74, p. 479, V. 76, p. 332.)
Clifton to Tottenville, 12-64 miles. Stock.—
Staten island
ST.050,000, of which *569,850 owned by Baltimore & Ohio; par, $75 Year ending June 30, 1905, gross, $205,144; net. $27,303; int. and
taxes, $32,105; balance, def., $4,802.— (V. 61, p. 737.)
Staten Island Rapid Transit Ry.— Purchased at foreclosure
Apr., 1899, subject to first mort. by B.&O. V.69, p.284. (V. 80, p. 32)
Stook!
Collins to Wadley.Ga., S4 mile
Stlllmore Air Liue
$175,000 Bonds, $3!=>0,000 first gold 4s due 1920. Year ending Dec31, 1904, $44,«49;Jnet, $3,817. President and Treas., Geo. M. Brinson,
Bee. and Auditor. C. Nevllie, Stillmore, Ua.
Hart. RR.
Pittsfleld
See N.Y. N. H.
Stock bridge
Suffolk, Va., to Edenton, N. C, on AlCarolina
Suffolk
bemarle Sound, 50 miles; branch from Beckford to Elizabeth City,
N. Cm 25 miles. In Sept., 1905, practically all of the stock andinoome
bonds were acquired in the interest of the Virginia & Carolina Coast
V. 81, p 841.
Stock authorized, $1,000,000, of which $9 C 0,000 is outstanding, par
of shares. $100. Of the 1st consol. 5s of 1902 ($1,000,000 authorized
issue) $650,000 were issued to retire $120,000 of the old 6s, build extensions to Edenton and Elizabeth City, 42 miles, standard-gauge the
road and lay 60-lb. steel rail, the balauoe being reserved to retire
There
$95,000 old 6s due 1911 and for future requirements.
are also $250,000 (authorized issue $300,000) 4 p. c. non-cum. income
bonds. V. 76, p. 103; V. 79, p. 734. Year ending June 30, 1904, gross,
$103,884; net, $50,007; total deductions, $25,949; bal., sur., $24,058.
—(V. 79, p. 734; V. 81, p. 841.)
Road from Bellows Falls to Windsor,
Sullivan County
Vt., 26 miles. Road opened 1849; operated since April, 1893, by
Boston & Maine. Net earnings, less taxes and interest on bonds, paid
lessor. Stock, $500,000, owned by Vermont Valley RR. For year
1904-05, gross, $374,842; net, $98,454; interest, taxes, etc, $48,691;
dividends (8 p. o.), $40,000; bal., sur., $9,763.- (V. 65, p. 867.)
Owns road 8uncook to Pittsfleld, N. II., 17
Suncook Valley
miles. Leased till 1912 to Concord & Montreal for 6 p. c. on $240,000
of capital stook; total stock issued is $341 ,700, of which $101,700 is
non-dividend paying. President, Hiram A. Tuttle, Pittsfleld, N. H.
&
4
4
&
&
&
&
&
&
P.
J.
J.
J.
5g.
3,925,000
775,000
RR.—
&
7
1.000
1,000
1900
1904
278
278
139
J.
J.
-
,
RR.—
Tacoma
Owns Taooma, Wash., to Ashfords, 55
Eastern
Stock, common, $750,000; pref., 6 p.
miles, to Dltuminous coal fields.
c; non-oum., $750,000; all issued; par of shares, $100. Of the bonds
(see table above) additional amounts up to $1,000,000 can be issued
only at the rate of $13,000 per additional mile of track. V. 76, p. 655.
President, Edward Cookingham, Portland, Ore.; Secretary, E. M. Hayden, Tacoma, Ore.— (V. 76, p. 655.)
Tallulah Falls Ry.— Owns Cornelia to North Carolina line, via
Tallulah Falls, Ga., 44 miles; extension from North Carolina line,
Franklin, N. 0., 14 miles, is to be oompleted during 190'>. Stock authorized. $500,000, of which $250,000 is 5 p c. non-cum preferred; par
of shares, $100. Bonds are limited to $15,000 per mile. Year ending
JUne 30, 1905 (35 miles), gross, $35,494; net, $3,359. President, Geo.
L. Prentiss, 31 Nassau St., N. Y.— (V. 75, p. 241.)
V. 74, p. 94; V. 75, p. 794.
Tehuantepec .National
Harrlman, Tenn., westerly to HopkinsTennessee Central
ville, 251 miles; branohes. 59 miles; lines at Nashville terminals, 10
miles; total, 320 miles. Extension from Nashville northwesterly, via
Olarksville, to Hookinsville, Ky., 73 miles, was oompleted in Deo ,
1903. Leases till May 1, 2001. and owns entire $1,000,000 stook of
Nashville Terminal Co., including terminals and bridge and 18 miles of
track. In 1904 reorganized without foreclosure. See below. V. 78,
p. 1783; V. 79, p. 213.
In July, 1905, the Illinois Central and Southern Ry. acquired an
option for 3 years for the purchase of a majority of the stock and
bonds of the Tenn. Cent, and Nashville Term
Ry.—
RR.—
Securities.— Stock authorized and outstanding, $8,000,000, all com(par of shares, $100). The citizens of Nashville on Aug. 30,
1901, voted to subscribe to $1,000,000 stock, the subscription price
to be paid on completion of the road from Nashville to Clarksville.
mon
Suit.
V. 76, p. 1409; V. 77, p. 2340; V. 78, p. 13 13; V. 79, p. 152.
oollat. trust 5 per cent gold notes (redeemable at 102 ^ at
maturity on 30 days' notice) are secured by deposit of #4,014,000 of
the authorized issue of $t. 2-0,000 prior lien bonrts; of the remaining
prior lien bonds, $61,000 are reserved to retire the $46,000 Nashville
& Knoxvllle 6s, due 1918. V. 80, p. 1059.
The prior lien 5s of 1904 are subject to call at 1 10 on Jan. 1, 1909
or any subsequent interest day. The general 5s ($20,000,000 authorized issue. Mercantile Trust Co. of St. Louis, trustee,) are limited (ineluding $4,200,000 reserved to retire the prior lien 5s) to $37,500 per
mile on the 320 miles of present mileage. The remaining bonds can
only be Issued for additional mileage constructed or acquired at not
over $25,000 per mile. V. 78, p. 1783; V. 79, p. 213. The Nashville
Terminal mortgage is for $1,000,000; see th<t co. Pres J. C. Van
Blarcom; Sec'y, O. M. Lainsr; Treas E. A. Faulhaber.— (V. 81. 900
TennesseeiRy.— Owns Oneida, Tenn., to Bufftlo, '6 miles. In
Aug., 1905, contracts were lat for extension of 21 int'es. Road is to
be 75 miles in all when completed. Stock authorized, $1,000.0* 0; outstanding, $200,000; par of shares. $i 00. Stockholders on July 4, 1905,
authorized a mortgage for $2,500,000. President, Bird M Robinson;
T. De Vault
Secretary,
Office. 5 Nassau St., NY.- (V. 81, p. 1242.)
The
,
)
,
1
M
Terminal RR. Association of
St.
Owns and operates
Louis.— Property.—
extensive terminals at St. Louis, with belt lines and
bridges, and a tunnel 4,800 feet In length; operates East St. Louis <fe
Carondelet Ry., 12 miles, since Mar. 1, 1902. V. 74, p. 479. Touching
the Missouri & 111. Bridge & Belt RR., see that company's statement.
Organization.— Organized in 1889. The following companies are
sole owners: Cleveland Cincinnati Chicago & St. Louis, Louisville &
Nashville, St. Louis Iron Mountain & Southern, Bait. & O. South
western, Missouri Pacirto, Wabash, St. Louis Vandalia & Terre
Haute (Penn. RR. system) Chic. Rock Island & Pacific, St. Louis &
San Francisco, Chicago & Alton, Chic. Burl. <te Quincy, Illinos Central,
Southern Ry. and the Missouri Kansas & Texas, the seven last
named having acquired their Interests in Dec, 1902, and Jan., 1^03.
V. 75, p, 1355; V. 76, p. 103. These companies agree under con tract t >
use the property forever and pay as tolls the interest, taxes, rentals and
other charges, and each line will contribute Its proportion to the extent
of one-fourteenth to make up any deficiency from unforeseen circumstances. See V. 79, p. 499. See also St. L. Merohants' Bridge Term. RR.
Leases. The leases of the Bridge and the Tunnel are for their
corporate existence, and were made July 1, 1881. As to litigation, see
V. 77, p. 299, 512; V. 78, p. 1908, 2443, 2600; V. 81, p. 32.
Stock.— Capital stock, authorized amount, $50,000,000, as increased in Dec, 1902; outstanding Apr 30, 1904, $2,882,000.
Bonds, Etc.—The mortgage of 1889 (trustee Central Trust Company,
was described in advertisement in Chronicle of February 13, 1892.
Of the general mort. refunding 4% sinking fund gold bonds of 1953
($50,000,000 authorized) $18,000,000 have been sold for new construction. Improvements and additions $17,500,000 are reserved to
retire existing bonds and $14,500,000 for issue after Jan. 1, 1906, at
not over $1,000,000 yearly for improvements and acquisitions. A sinking fund commencing July 1, 1906, will retire $100,000 of these bonds
yearly by lot at 110 and interest if not purchasable for less. The entire issue is subject to call at 110 and interest on and after Jan. 1,
1910. See V. 76, p. 267, 383, 481, 807; V. 79, p. 499.
Guarantees $3,500,uoo St. L. Merchants' Bridge Ter. 1st 5s, and interSee those companies.
est on $2,000,000 1st 6s of Merchants' Bridge.
—
Annual Report. —Year ends June
Tear—
Cross
1904-5. .$2,923,020
1903-4.. 2,660,591
Net.
$1,431,318
1,102,298
30.
Other inc.
$999,702
454,023
Charges.
Balance.
$2,213,106 sur.$217,914
2,543,181 def. 986,859
RAILWAY STOCKS AND BONDS.
140
[Vol..
lxxxi.
}^/oTyMPIA\/
Tacoma
jTenino
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A] S
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MAP OF THE
AS.A'LANC
Southern Pacific Company's
V
system.
Montague^,oTL,%
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tfn'r
Lai
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.Calerigoj
MAP OF TH
SOUTHERN PACIFIC COMPANY 1
PACIFIC SYSTEM-
M
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Oct., 1905.J
RAILWAY STOCKS AND BONDS.
141
. .
:
RAILWAY STOCKS AND BONDS.
142
RAILROADS.
—
!
1
.,,,
Miles
Date
Size, or
Par
of
for explanation of column headings, &c, see notes of
Road Bonds Value.
on first page of tables.
Tallulah Falls— 1st mort., gold
IB
o*«fer
1st consol. mort., gold, red. 105 S
Tenn. Cent— Pi. lien M., $4,200,000, g., red.MSto
General mort., $20,000,000, gold. See text ..o*
Coll. tr. notes, gold, sec. by pr. l'n bds., red.text
Ttnne&sce Ry.—lBt mort, $2,500,000 gold S..o*<fcr
Temn'l Railroad Association 1st mort., gold.S...C
1st consol. mortgage, $12,000,000, gold S...- o*
—
44
44
320
320
Te
Gen.M.
1901 $1,000
1903 l.OOO&c
1904
1,000
1904
1,000
1,000
1904
1905
1,000
1889
1,000
1894
1,000
1903 l.OOO&c
100
100
1879 500 &0.
Amount
Outstanding
Bonas— PrinoiINTEREST OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stocks—Last
Payable
Cent.
Whom.
Dividend.
Rate per
$374,000
500 OuO
See text.
8,000,000
3,345.000
250,000
7,000,000
5,000,000
18,000,000
2,490,000
3,000,000
5,000,000
1,250,000
1,000,000
& J. Intern. Tr. Co., Boston. July 1, 1921
& J. N. Y., Standard Tr'st Co. Jan. 1, 1933
5
& J. St. L., Miss Val. Tr. Co. Jan. 1, 1934
5
& J. Mercantile Tr. Co., St.L. Jan. 1, 1954
5 g- M15-N15
Nov. 15. 1905
NewJYork.
5 g. J. & J.
July 1, 1935
41flg. A. & O. N. Y., J.P. Morgan & Co. Oct. 1, 1939
do
do
Aug. 1, 1944
5 g. F. & A.
Jan. 1, 1953
do
do
J. & J.
do
do
July, 1905, 3%
S* J. & J.
do
do
July, '05,1 ifl%
3
J. & J.
g A. & O. New York and London. Apr. 1, 1920
l
J. & J. N.Y., J. P. Morgan & Co. July, 1905, 3%
4g. A. & O. N. Y., Grand Cent. Sta'n Apr. 1, 1946
Union Tr. Co., N. Y. Mar. 1, 1937
M. & S.
5 g. M. & S.
R Winthrop&Co.N Y. Sept. 1, 1948
5
5
gggg-
ref., $50,000,000, g.,s.f.,red.,text.Ce.o*&r
Louis Bridge Co. 1st pref. stock, guaranteed.
2d preferred stock, guaranteed, endorsed
o*
1st mortgage, gold
Tunnel Railroad of St. Louis, stock, guar, (end.)
1896
i'.obo
Terminal Ry. (Buffalo)— lstM.,$l,000,000,g., N.c*
Terre Haute <6 Indianapolis Terre Haute <& Logans port— See Va NDALIA RR.
1,000
33,000
138 1887
lerre Haute <£ Peoria.— First mortgage, gold. n..
138 1892
1,000
2,197,000
1st mort. $2,500,000, g., gn. p. & i. (end.). Cn..c*
2,649,300 5 in 1905
Texas Central Common stook
1,324,500 5 in 1905
Preferred stock, non-cum
227 1893
*650,000 4g. & 5g
1,000
1st M., $2,000,000 g., red. 110 ($150,000 4s) Fo*
1893
111
900.000
5
1,000
Texas Midland RR Mort. ($750,000 is id mort.).
'74— iabineDiv. 1st M., gold....c*&r 104 1882
1,000
2,575,000
6g.
tex.<SN. O.of
c*<fer
209 1893
1,000
1,620,000
$4,195.000. G
5g.
Consol. mortgage for
1900
perm (text)TTn .c*
1,000
3,997,000
4 g.
Dallas Div.lstM.,g.,$20,000
1,000
25.000,000
5 g.
Texas dk Pacific— 1st consol. (now 1st) M., g.FP.c' 1,387 1888
5 g.
24,660,000
1,000
2d cons. inc. M. ($25,000,000), g. (see rem.).IUe.c* 1,387 1888
5 g<
340 1901
1,000
4,241,000
Louis. Div. Br. Lines, 1st M., g. $12,500 per m.Me
1,000
5 g.
175,000
9>u 1901
Texas Short Line— 1st mortgage, gold, 1'sni
46 1852 500 <teo.
5 g.
239,500
Tioga RR.— 1st M., due 1882 and extended, gold.
196 1885
5 g.
1,000
3,000,000
Toledo <£ Ohio Central— 1st M., g. (V. 53, p. 436) . Oe
* $650,000 additional 5s in treasury Ju ne 30, 1905; total of $1,300,000
Issued.
8t.
n
—
,
V
—
of Board. Julius S. Walsh; Pres., W. S. MoChesney Jr.; Sec.
Vinnedge; Treas., F. O. Daab —(V. 79, p. 1642; V. 81, p 32.)
Terminal Ry. of Buffalo.— Blasdell, N. Y., to Depew, Erie
Co.. N. Y., 11 miles. Opened Sept. 15, 1898. V. 67, p. 530. Stock is
$1,000,000. Lake Shore & Mich. South, and N. Y. C. A H. R. RR. each
own 5,000 shares of the stook. Year to June 30, 1905, gross, $80,317;
net, $59,837; interest and taxes, $47,120. oal., sur., $12,717. Secre-
Chairman
tary, E. V.
W.
Rossiter,
N.Y.— (V.
67, p. 530.)
Terre Haute & Indianapolis RR.— See Vandalia RR.
Terre Haute A: Logangport Ry.—See Vandalia RR.
Terre Haute A; Peoria RR.— (See Map of Pennsylvania RR.)—
Road operated from Terre Haute, Ind., via Decatur, to Peoria, 111., 174
miles, of which 138 miles are owned and half interest owned in 8
miles and 28 miles is by trackage over other roads. From Oct. 1, 1892,
leased for 99 years to the Terre Haute & Indianapolis at rental of 30
per cent of gross earnings, with a minimum sufficient to pay interest
on debt, the lease being assumed Jan. 1, 1905, by the Vai dalia RR.
See V. 55, p. 766; V. 81, p. 212. Lessee owns $544,200 of the $1,837,400 preferred and $1,338,000 of the $1,926,800 common.
Bonds —The console [I'nion Trust Co., N. Y., trustee], carry the
guaranty of che T. H. & Indianapolis. In 1905 all back coupon* had
been paid, the litigation being settled, the Vandali* HR. Co.. succes
eor of the Terre Haute <fe Indianapolis, assuming the obligations of
that company under the lease V.8l,p. 156. 212; V. 72, p. 491, 873.
See guaranty. V. 81. p 212.
Earnings.— Fiscal year ends Oct. 31. For 6 mos. ending Deo. 31,
1904. gross. $369,801, against $331,410 In 1903; net, $43,410, ag*t.
net, $71,314. In 190304, gross, $636,532; net, $34,324; rental from
lessee, $190,960; bal., loss to lessee, $156,636.— (V. 81 p. 212.)
Texas Central RR.— Road— Runs from Waoo, In McLennan Co.,
to Albany and Stamford, Tex., etc., 227 miles.
Dividends (p. c ) V96 '97. '98. '99. 1900. '01. '02. '03. '04. »0\
On common
>
5
2*a 2^ 2>s 2>a
On preferred ...)
4
4
5
5
Latest Earns.— 2 mos.,<1905
Gross, $136,590; net, $55,687
July 1 to Aug. 31.
(1904
Gross, 101,992; net,
16 849
8urplus over 2 months' oharges, $50,521, agst. $12,383 in 1904
Report for year ending June 30, 1905, was in V. 81, p. 1098, showing
gross, $827,380; net, $275,479; other Income. $2,523; Interest, $31,000; dividends, $198,690; baL, $48,312.— (V. 81, p. 1098.)
333
Texas & Gulf Ry.— (V. 80, p. 223.)
Texas midland RR.— Road from
7»s55
Ennls on Houston
A
Texas
Central Ry. to Paris. Texas, 125 miles, of whloh 14 trackage over St.
Louis Southwestern. In 1893 purohased by Mrs. Hetty Green. Stook,
$500,000; par, $100. Total ourrent liabilities July 1, 1904, $1,960,970
For year 1904 05 gross, $523,669; net. $120,861; oharges, $83,691;
bal sur., $37,160. Pres., E. H. R. Green. Terrell, Tex.— (V. 63, p. 839.)
Texas A;
Orleans KR,- (See Map So. Pac.)— Houston, Tex.,
to Orange >8abine River), 112 miles; and Sabine Pass to Dallas, 312
,
New
miles. completed May.1903: Houston to Clinton, 8 miles; Nome to Sour
Lafce, 8 miles; total 440 miles. In Mar.. 1905, law was passed permitting sale of he line from Dallas to Sabine Pass, 312 m. V. 80, p. 1425.
Securities Etc.—The stock is $5,000,000, all of It being owned by
the 8outhern Paolflc. First 7s are purohased by the sinking fund at
not over 110. There were also June30, 1904, $328,747 Texas school
fund 6s, int. M.&N., principal payable 2 p. o. per annum. Lands on
sold J"ne 30, 1904, 482,628 acres.
The first mortgage of 1900 secures bonds at $20,000 per mile on the
road extending from Rockland to Dallas, Tex., about 218 miles, a part
of which was purchased In 1899, and extensions hereafter aoqulred or
constructed up to 40 miles. V. 70. p. 997; V. 71, p. 183. Equipment
bonds, $1,020.000 68, due $68,000 seml-aunuallv Oct., '1905, to Oct.,
1912, all owned oy 8o. Pac V. 76, p. 1302; V. 80 p 1425
In year ending June 30, 1904, gross, $3,624,881; net, lnoluding
other income, $791,242; surplus over charges and taxes. $184,587
In 1902-3, gross, $3,157,685; net, $440,632— (V. 80, p. 1425.)
Pacific Ry.— (See Map Mo. Pac.)—New Orleans, La.,
Texas
west to El Paso, Tex., 1,150 miles; Marshall via Texarkana Juno, and
Whitesboro to Fort Worth, 315 m.; branches, 361 miles; total, 1.826
of which 92 miles, Sierra Blanoo to El Paso, traokage, owned 1 784 m'
Branch to Simmsport La., 22 miles, about complete! in Oct . 1905.
&
Organization.— In 1888 reorganized by the plan in V. 43 p. 164, and
V. 45, p. 401, without having the foreclosure sale confirmed, thus preserving the original Federal oharter. Land assets Jan. 1, 190S were
61,830 aores, land notes $36,508 and $18,897 oash.
Stock.— Authorized, $50,000,000; Issued, $38,763,810; par. $100
Mo. Pacific Dec. 31, 1904, owned $6,525,000 stook.
Bonds.- See 188» mortgage abstraots, V. 47, p. 82; V. 78, p. 1448
The Weatherford Mineral Wells ANorthwestern ($500,000 5s of 1902)
are guaranieed, principal and int., by indorsement. V 78, p 344
The Louisiana Branch Lines mortgage will cover all branches constructed or acquired in Louisiana at $12,500 per mile, but not to exceed in the aggregate $7,000,000. V. 72, p. 577, 1189.
Interest scrip, income and land grant bonds (a stook liability, retlrable under reorganization agreement), $113,917; other scrip, $7,775.
Equipment obligations Jan. 1, 1905, due 1905-14, $1,791,613.
Finances. On second 5s there is no right to foreolose unless default
Is made on first mortgage. The company has been spending its earnings freeiv in needed Improvements; in 1900 made 1st payment on
—
J.
J.
J.
J.
-
—
C. A.
[Vol. lxxxi.
)
S
Yearly N.Y.,Farm.L'n ATr.Co.
do
do
J. & J
do
A. & O.
do
None in 1903-04
J. & J.
M. & 8. N.Y.,S.Pac.,120B way
J. & J.
do
do
F. & A.
do
do
N. Y., Mer. Trust Co.
J. & D.
Mch. 1. 5 p. o. pd. Mch. 1, 1905
N. Y. Mer. Trust Co.
J. & J.
J. & J N.Y.,U.S.Mort.& Tr.Co.
M. & N. Phil.,Newbold's Son&Co
J. & J. N. Y., Central Trust Co
,
Julyl5,'05 5%
Julyl5,'05,2i«
Apr. 1, 1923
Apr. 1, 1993
Sept. 1,
July
Aug.
June
Deo.
Jan.
Jan.
Nov.
July
1,
1,
1,
1,
1,
1,
1,
1,
1912
1943
1930
2000
2000
1931
1921
1915
1935
Incomes, viz.. Hfl p. c; in 1901. 4 p. o.;slnoetoMar. 1,1905, 5 p. o. y'rly.
In Feb., 1904, all except $980,000 of the Texas & Pacific seoonds
had been exchanged for 65 per cent in new St. Louis Iron Mountain
& Southern gold 4s. V. 68, p. 525, 619, 725, 774; V. 70, p. 533.
Earnings.—Jan. 1 to Oct. 7, 1905, gross, $8,360,826; 1904, $8,359,166.
Annual Report.—Report for 1904 was in V. 80, p. 1108, 1170.
1904.
Tear ending Dec. 31—
1903.
1902.
Miles operated
1.826
1,827
1,697
Gross earnings
$12,433,147 $12,094,744
$11,236,601
Net earnings.
$4,321,455
$3,808,638
$3,484,311
171,485
Other income
61,744
147,830
Total net Income
$4,383,199
$3,980,123
$1,473,354
296,053
1,271,994
$3,632,141
$1,428,459
(5)1,161,900
163,642
284,514
37,424
def.$75,067 def.$223,178
$556,202
Interest on first mortgage... $1,490,015
Interest on2dlncomes
(5)1,233,806
Fire claims (year 1894)
Taxes
312,297
Imp'ts, equip't, disc, eto
1,4.22,147
...
Balance, surplus
(5)1,161,900
1108, 1170, 1175, V.81.p. 842.)
Texas Sabine Valley A Northwestern Ry.—V. 80, p. 223.
Texas Snort Line RR.— Grand Saline, Tex., to Hoyt, 9^ miles;
extensions are proposed, viz one southeast via Canton and Maybank
to Corsloana, 65 miles, and northeast via Quitman to Pittsburg, about
-(V. 80, p. 652, 1059,
:
45 miles. Stock. $10,000. In Mar., 1902, Texas RR. Commisdon authorPres.. Fred'k R. Blount, 26 Broadway, N. Y.;
ized $185,785 bonds.
Asst. Treas., John Mulholland. 38 Park Row.— (V. 78, p. 1393.1
Texas Southern Ry.— Marshall, Tex., on Tex. Pac, to Winns
boro, on the M. K. AT.,,72 miles. On July 11, 1904,8. P lonesofMar
shall, Tex., was appointed receiver. Claims approved amounted to
$726,000 V. 79, p. 271, 787, 905. 1333. Foreclosure sale is set for
Jan. 2. 1906; the rolling sock was bid In at $22,000. V. 79, p 2698;
V. 80, p 713. On De \ 22, 1904, $100,000 receiver's certificates were
V. 79, p. 2749
Stook. $79,980.
authorized; in Feb.. 1905, *150 000.
&
Bonds outstanding, $271,000 first 30-year gold 5s, dated July 1,1902;
July, 1904, interest In default; balance of $792,000 issued being used
as collateral. Collateral trust 7^ p. o. gold certificates ($375,000 authorized) each $1,000 certificate secured by deposit of $2,000 of the
Mexican Tru<t Co., trustee.
1st 5s: outstanding, $175,000; U. 8.
See V. 76, p. 159. Oar trusts June 30, 1901, $33,000 For year ending June 30, 1904. gross, $142,357; net, $33,553; i t. on bonds, $13,550; bal., sur., $20,003. -(V. 80, p. 713; V. 81, p. 900.)
V. 81, p. 212.
Tidewater Ac Western
SeeSUPP. of July, 1894. Stook, common, $391,200,
Ttosa
and $189,700 preferred; par $50.
Toledo &. Ohio Central Ry.— (See. Map)—This road Includes
&
RR.-
RR.—
Trackage C37 miles.)
Miles
173 Walbrldge to Toledo
5
4 Bremen to New Lexington
11
13 To Chaunoey Carrington, eto. 30
New Lexington to Corning
145
Whitmore to Thurston
Total operated
441
Peo, to St. Mary's, V.73, p. 660. 60
Kanawha AMioh. (which see).. 177
395
Total owned
In June, 1901, the Hooking Valley Ry. had acquired all exoept
$54,100 of the $6,500,000 common and $11,600 preferred stock of
the $3,709,000 in exohange for 70 per cent of Hooking Valley stook
V. 69, p. 1347; V. 71, p. 810. See also Hooking
of the same class.
Valley item. V. 69, p. 1345; V. 71, p. 865. Operated separately.
Dividends.—On common In 1891, 2 p. c; 1892, 4; 1893, 2. On
Lines owned.
Toledo to Bremen
Alum Creek to Truro Juno
Miles.
,
:
1890, to July, 1896, Inclusive, 5 p. c yearly. None sinoe.
Bonds.— Western Division mortgage oovers the road from Toledo
to Truro Junction, 139 miles, and also (subject to the first mortgage of 1885) the rest of the property. See V. 55, p. 322. 545, 590. 625.
The Toledo & Ohio Central guarantees the principal and Interest of
the Kanawha A Michigan first mortgage bonds (see that company) and
jointly with Hocking Valley Ry. the K. A- Hook. Coal <k Coke bonds
(see V. 74, p. 271; V. 77, p. 2393) and Continental Coal Co. bonds (V.
75, p. 499); also guar. int. only on $300,000 T. & O. Cent. Ext. t>s
(foreclosed). Special equipment and betterment loan June 30, 1905,
$450,000. St. Mary's Division bonds oover line from Peoria, O., to St.
Mary's, 60 miles, acquired In March, 1901. V. 72, p. 284, 628.
Net.
Oth. inc. Oharges.
Balance.
Earnings.— 2 mos. Gross.
$738,001 $237,670 $1217 $75,664 sr.$l 63,223
Jnly 1 to 5 1905.
753,305 273.997 14,650
75,075 sr. 213,578
Aug.31. {1904...
Annual Report.— Report for 1904-5 was in V. 81, p. 1097. Of total
tonnage In 1905, 72 p. c was bituminous ooal.
1905.
1904
1903
1902.
Tears end. June ZO—
$3,766 651 $3,598,694 $3,446,747 $2,877,659
'ii oss earnings
973.060
927,331
705,556
907,063
Net earnings
14,909
109,403
17,589
Other inoome
31,937
pref. April,
.
Total net Inoome
Interest, taxes, eto
$987,969
619,567
$1,036,734
605,434
$939,000
613,575
$723,145
583,540
eur.$368,402 snr.$431,300 sr.$325,425 sur.$139,605
Bal. for year.
Pres., N. Monsarrat.— (V. 79, p. 13*0; V. 81, p. 1097.)
)
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
Date
Miles
Size, or
of
Par
of
For explanation of column headings, &o., see notes
Road. Bonds Value.
on hrst page of tables.
Tol.it O. Cent, (conol )— West. Dlv. 1st M.,g., N....O*
General M. (V. 62, p. 594) ($2,000,000), g.Ce..o*
0*
St. Mary's Dlv. IstM., g., $500,000. ITIo
1st pref Inc., $500,000, non cum. 4%.Sr
do
Car trusts J uly 1, 1905 (principal due monthly)
1892
1894
1901
1901
Text.
335
61
61
.
Guaranteed Bonds.
K.& H.C &C.M.g $3,500,000 s.f.red.llOaf.'llITIo
Cont. Coal, 1st M., g., s. t., red. 110 af. '12. S
Kanawha & Michigan Ry.— See that company.
Tol. & O. C. Ext., 1st M. (foreclosed), int. only gu
C
Western By.- (See Map
1
1,000
1,000
1,000
1,<00
1,000
300,000
4,895,000
3,500.000
150,000
175,000
10,000,000
10,000,000
9,000,000
6,500,000
1,662.000
3,000,000
1,500,000
978,000
1,453,000
407,000
3,280,000
1,000,000
341,000
300,000
250,000
100
100
1900 l.ono&o
1900 l.OOi &o
1888
1,000
100
1891
1,000
1893
1,000
1902
1,000
1904
1,000
1896
1,000
1904
190 i
1,000
1902
1,000
1883
1.000
1877
1,000
1905
1,000
50
1.000
1893
of Pennsylvania RR.)
Gross, $336,246; net, $90,306
Earnings. -3 motths, ) 1905
Gross, 341.119; net, 76,528
July 1 to Sept. 30
$1904
Surp over 3 mos. charges, $21,932 In 1905, agst. surp. $7,461.
Annual Report.— Report for 1903-04 in V. 80, p. 707:
Gross Earn'os.
Net Revenue. Int. dt Taxes. Balance
Tear.
$253,^28
$1,281,443
$286,160 def. $32,8 "2
1904 05
sur l,54c>
278,73 5
1,308,716
277,186
1903 04
-(V. 78. p. 45; V 79, p. 734, 2458; V. 80, p. 707; V. 81. p. 669.)
a single-track belt road,
In length, opened Oct., 1, 190?, around the city and suburbs
River), connecting with 16
(including two i>ridges across the
roads entering the city, with 213-mile branch to terminal station; total,
31 miles; to e double-tracked later. Facili ies are used by the
-
Maumee
'
Ham & Dayton, Toledo & O. Central, Tol. Angola <* Western. fere
Marquette, Detroit <fe Toledo Shore Line Pennsylvania, Wheeling &
Lake Erie and Ann Aruor. V. 73, p. 617; V. 77, v. 770; V. 78, p. 2*43,
Cin.
2600, v. -1. p. ?-99.
Stock author., $5,000,000; outstanding, $3,100.^00. Pere Marquette
and Cin Ham. & >ayton, whi< h have perpetual trafflo rights and use of
terminal facilifie-, guarantee the bonds jointly and severally,
principal and interest, by endorsement. V. 78. p. 2443, 2600; V. 79, p.
153, 6*8; V. 8
p. 899. Commonwealth Trust Co. of St. Louis is mortgage trustee V 74, p. 1140. Toledo Riverside Ry. bonds are guaranteed
by endorsement an to principal and interest by Tol. Ry. & Terminal
Co., Cincinnati Ham. & Dayton and Pere Marquette. V. 79 p 968.
Toledo Angola & Western bonds ate limited to 6300.000. V. 80. p 164.
President, Russell Harding. Directo s and officers (June, 1905), V
80, p. 2346. (V. 79. *087; V.80, p. 164, 2346.)
Toledo St. Louis K.
See Toledo St. Louis & Western below.
Toledo sajfiuaiv
Muskegon Ry.— From Muskegon, Mich., to
Ashley, Mich., 96 miles. The Grand Trunk of Canada owns We $1,600,
000 stock; bonds have a traffic guaranty. V. 71, p. 85; V. 72, p. 338.
Interest
Oal. tear. Gross.
Net.
Deficit. Traf. guar
1
1
,
C—
&
&
1904
—(V.
$137,364
$8,162
$83,100
$74,937
$13,342
71, p. 31, 85.)
Toledo St. Louis Western
Roajd— Owns from Toledo
and 70 lbs. steel); sidings, etc 10?
to East St. Louis, 451 miles (61
miles; also has trackage to St. Louis and Toledo Union depots. Owns
jointly with the ft and Trunk Western Ry. all the stock of the Detroit
Toledo Snore Line Ry., Detroit to Toledo, 48 miles.
Organ.— Successor of Tol. St. L. & Kan. City foreclosed. V.70, p. 1196.
&
^
RR.—
A
Voting Trost.— Both classes of new stock will be vested till July 1,
190% in the following voting trustees: Frederic P. Olcott, Thomas H
Hubbard and William A. Read, who may sell the stock at any time,
subject to the approval. of a majority of each class.
Bonds.— Of the prior lien 3^% $1,000,000 was reserved to be Issued
after Januaryl, 902, at not over $250,000 per annum. Additional
first mortgage bonds, not to exceed $10,000,000, may be issued at any
time to retire the prior lien bonds. The Detroit & Toledo Shore Line
4s (present issue, $2,000,000) are guaranteed, principal and interest,
Jointly with the Grand Trunk Western Rv. V. 76, p 655.
Latest Earnings. From Julv 1, 1904, to Apr. 7, 1905, gross, $2,860.08 , against $2,496,660 in 1903-4.
1
Report.— For year ended June
Tear
Gross.
Net.
was
in V. 79. p. 2144.
Inte
-est.
30, 1904,
O'h. inc.
1903-04.. 3.341,618
1902-03.. 3,111,358
Taxes
Bat .surp
$915,474 $4,968 $575,0
$121,499 $223,943
854,382
9,256
117,000 171,638
575,000
Officers. -Chairman of the Board,
A. Read;
President, T. P
Shonts; Sec. and Treas., James Steuart M-icKie.
Directors— WiU'ara A Head (Chairman). F. P ulo rt, Henry Budge, Thos.
H. Hubbard, Or, „s U Tweed, J Crosbv Hr .wn J. J. Emery, C. S. W Packard
T vPv.Snon 9 Edwin Hawley and U. S. Huntlngt.n.
Offloe.bO Wall St., N.Y.-(V. 80, p. 2459, 26 2; V.81,p. 32, 1242.)
Toledo Walhonding Valley & Ohio RR.— Owns road in
operation from Toledo Junction to Toledo, O., 81 miles, and from
Loudonville to Oosnooton, O., 45 m.; 8andusky to Columbus, 1 lOmiles.
Total owned, 236 miles; trackage (Pitts. Ft. W & «).» to Mansfield. O.,
7 m.; Cleve Cin. Ch. & St. L. in Sandusky and Columbus, O., 2 miles
total, 245 m
Lease, Etc.— Leased for net earns, to the Penn. Co., which guaran
tees the bonds and owns all the capital stock.
Earnings.— For year ending Dec 31, 1904, gross, $2,382,018; net,
$394,023; interest, charges and i uprovem'ts, $304,924; divs., $90,00^;
bal., def., 90i.-(V. 75, p. 907, 982, 108s.)
To no nli RR.—Owns Rhodes to Tonopah, Nev., 60 miles; trackage
6 miles; standard gau*e. The Goldtteld Ry., controlled by the same
interests, was completed from Tonopah to Goldfleld. 31 miles, in
Sept., lb 05. V. 81 p. 728.
Wm
•
5
g.
5g.
4g,
'
A.
&
Oct.
J.
<&
June
5
&
g.
3.
5g.
F.
&
5g. M.
&
&
&
&
&
4^g.
5
g.
J.
J.
M.
5g. M.
3%
g
A.
J.
4>ag.
4*3
4
1,
1938
N. Y., Am. Ex. Nat. Bk. July 1, 1917
Tr. Co. July 1, 1954
J N. Y., U. S. M.
&
Men.
S O. Sav. Bk. & Tr. .Toledo. Sept.
1,
1,
8.
1927
1922
July 1, 1925
Apr. 1, 1950
July 1, 1918
Dec. 31, '04,3%
July 1, 1931
July 1, 1938
N. Y., Cent. Trust Co.
do
All owned by Gr. Trunk
All owned by Penn. Co.
N.Y., Farmers' L'n &Tr.
do
do
do
do
do
Philadelphia.
July 1, '06-'19
D. N. Y., Bost. <fe London. June 1, 1946
&
s.
D.
J.
O.
N".
Y
New
,
Union
York.
June
Standard Tr. Co. July
Tr. Co., Detroit.
N
Y.,Winslow.Lan.&Co
J.
J. Treas. off , Philadelphia
15
J.
D, N. Y.
&
Sept. 1,
1942
J.
J.&D.
e.
1951
1952
&
&
g.
g.
&
&
&
&
7
5
1,
1,
J.
&
350 000
275.000
100.000
Feb.
do
&
g.
4g.
6
1951
1951
Nov.
do
J.
& J
& O
& J
& J.
,T.
1, '08
Feb.
Feb.
N,
g.
1935
1935
P.Morgan & Co. July
N.Y., J.
A.
4
J.
1,
1,
1,
1,
To Aug.
O. N. Y., Central Trust Co.
D.
do
do
do
F. & A.
do
earned.
do
do
500.000 Oot. 1, If
M'nthly
5 & 6
398,136
3,000,000
2,750,000
&
& Terminal Co.— Owns
50<",000
1,000
1,000
Effher. Indiana State line, to Warsaw, m., 220 miles ; La
Harpe to Iowa, 111., 10 m.; jointly with Wabash, 1 mile; traokageto
Peoria and Burlington, la., 17 m.; total, 248 miles.
Organization.— In 1894 Joint ownership and management by Pa.
Q. was arranged. Stock $4,500,000 (par $100), of
BR. and C. B
whloh $423,100 In treasury in 1905. Mort. abstraot, V. 45, p. 242.
In October, 1894 (3 coupons), was paid $5 in oash and $15 in debenEquipment trust Oct. 1, 1905,
(See V. 61, p. 514.)
ture scrip
$217,965; bills payable, $580,000, including $220,000 issued Jan.,
scrip.
1905, to pay off the debenture
Toledo By.
Bo £?r er oi
INTEREST OR DIVIDENDS.
l
l?
pal, When Due.
Rate per When Where Payable, and by Slocks— Last
Payable
Whom.
Dividend.
Cent.
$2,500,000
2,000,000
$1,000
1,000
1,000
1,000
—Owns from
28 5 miles
Outstanding
1888
1887
1904
190^
1902
,
<fc
Amount
1901
1902
230
loledo Peoria dt West— IstM., (for $5,000,000), g.c*
Toledo Ry dt Term. 1st M., $3,500,000, g guar.o*
Tol.River»idelstM..g.,red.l02ifl,toMar'09 guar.
Tol. A.A W., M., g., red. 102*3 aft. Sept. '07 not gu.
Toledo fit Loaisdt Western— Com. stoon, $10,000,000
Preferred stock, 4 p. c, non-cum., $10,000,000.
F c&r 451
Prior Hen mor.., $10,000,000, gold
lstM.,g. +6,500,000. red. aft. July, 1925.Col.c&r 451
96
Toledo Saginaw dt Muskegon—1st mortgage
236
Toledo Wa.lhmiding Val. dt Ohio— Stock, $4,000,000
Lend. Fo* )
A, gu. p.
(
1st mortgage ($20,000 )
do
>
236^
per mUe), $4,000,000, >B,
c*
do
(
)C,
gold
60
Tonopah -1st mort., $750,000, gold, guar., red. .o.
88
Tor. Ham. dt huff.— 1st M., g-, $40,000 p. m. AB.c*
88
2d mortgage, $1,000,000, gold
42
Transylvania— 1st mortgage, gold, $350.000... S
30
Trav. Oily Leel. dt Van.— 1st M., $300,000, g... C&r
26
Traverse City RR.— First mortgage, gold
Trtnton Tte.l.>warc Bridge 1st mortgage
Trin dt Braz Val.- IstM. ,$30,000 perm., text
6
Troy dt Greenbush— Stock, 7 per cent rental, N. Y.C.
9
Tuscaloosa Belt—1st mortgage, $100,000, gold.Ko
&.
143
l
RAILROADS.
Toledo Peoria
—
;
.
.
Apr.
Jan.
July
1,
1,
1,
1,
1,
1946
1932
1952
1933
1917
Troy, N. Y.
J'ne 15'05, 3i«
Kniokerb. Trust. June 1, 1918
Stook authorized. $1,000,000; outstanding, $'00,000. Bonds are
guaranteed, prln. and nt., by Tonopah Mining Co. A. sinking fund
will retire one-ti'teenth annually July 1 (to be drawn by lot) the entire
issue being subject to call at 10^ Hj; the Land Title & Trust Co. of
v 78, n 1550; V. 80, p. 164
i-or year
Phila. is mortgage trustee.
ending June 30, 190ft, gross, $836,976; not, $446,161; other income,
*280. inte est and tax^, $\363; bal., sur $411,078. President John
Office, Bullitt Building
Brock; Sec and Treas., Clyde A Heller.
.
W
,
Philadelphia.
(V. 81, p. 728.)
Toronto Hamilton
RR.—
&
Hamilton to Waterford,
Buffalo
Ont., 43 miles; Hamilton to Welland, 38 m.; branohes, 7 m. (See V.
traffic agreement with N. Y. Central, Michigan
62, p. 319.) Under
Central, Canada Southern and Canadian Pacitto, interest is practioally
guaranteed. See V. 68, p. 475, and advertisement in Chronicle of
March 11, 1899. Of the stock, $2,500,000, 19 p. c. is held by Canadian
Pacific and 51 p.
by N. Y. Central. V. 61 p. 753: V. 63 p 359; V.
68, p. 475, 1134; V. 69, p 29. For year ending June 30, 1904, gross,
$673,312; net, +224,051; int. on bonds, $131,200; bal., surp., $y2,851.
(V. 78, p. 1963, 2336; V. 79, p. 1705.)
Henderson ville to Lake Toxaway N. C, 42
Transylvania
miles. Stock auth. $420,000; par $100; outstanding, $355,000. V. 68,
Year ending June 30, 1904. gross, $^8,818; net, $18,215.
p. 926.
Wa hlngton; V P. & Oen.
President, E B. Alsop, 1502 20th 8t. N
Orr, Brevard, N. C.
Mgr , J. F. Hays, Brevard,
C; Treae., A.
.
—
RR.—
W
N
K
&
ITIauistiqne Kit.— Operates
Traverse City, Mich., to Northport, 30 miles, of which Hatch's Crossr ity, is trackage. The Grand Rapids & Indiana Railing to Traverse
wayfowns one- fourth 01 bonds and operates the road under lease, the
rental being the net earnings.
V. 76, p 812; V 78 p. 1448. At
Northport connection is made by car ferry with Manistique, on the
Manistique Marquette & Northern RR., owned bj the same interests.
V 74, p 777. Stock authorized, $500,000; parol shares, »100 The
Union Trust Co. of Detroit is mortgage trustee. Pres., R. R. Metheany;
Treas., D. W. Kaufman —(V. 78, p. 14*3.)
Traverse City RR.— Owns road from Walton to Traverse City,
Mich., 26 miles; opened in 1872. Leased in 1883 to Grand Rapids &
Indiana RR., but not included in the reorganization of that company
in 1896. The Grand Rapids <fe Indiana has acquired nearly all the
$205 000 stock and all the $190,000 of 5 p o. inoome bonds. V. 78,
For 6 mos.
p. 1448. Coupons 1st mort. all paid to July, 1905, incl.
ending June SO. 1905, gross, $34,463, against $34,785 in 1904; net,
$1,01*, against $2,677.— (V. 78. p. 1448.)
Traverse City Leelenau
rr«n on Delaware, Bridge Co.—Owns bridge "19 miles in
Leased in 1S77 to Nov L, 2870, lease being assigned to Penn.
length
RR
rental, $<2,000 yearly and two-thirds of taxes paid by the
Bridge Company. Stock, $298,900. Bonds (see table above) are
guaranteed, principal and interest.
Trlult> A Brazos Valley Ry.— Cleburne to Mexi a, Tex., 79 m.
Extensions are proposed from Hoi t Worth via Cleburne. Mexia and
Houston 10 Ualvesto; Mexia to Dallas and Fort Worth. Of these,
;
Mexia to Houston in under construction V 81, p 560. Stoofe, $300,000; par*100. In Apr., 19"5, the Colorado & Southern Rv acquired
the road V. 80, p 1423,2622. I u Aug., 1905 made a new first mort.
to secure bonds at $ 0.000 per mile. V 81, p. 560.— (V. 81,
5t0.)
Troy A Ureenbusn RR.— Owns from Troy to Rensselaer, 6 m.
double track; leased to N. Y. Central in 1851 at 7 p.c. on $275,000 stook.
Tuscaloosa Belt Ry.—Owns about 9 miles of Bolt road at
Tuscaloosa, Ala. Stk. author $100,000. issued, $26,000 ($100 shares.)
F. W. Monnish Supt. and Treas., Tuscaloosa, Ala.
Tnirarnra Valley RR.—Narrow-gauge road (3 ft.) Port Royal
to Blair's Mills. Pa., 27 m Stook. $300,000 par, $50; issued, $150,000.
Year 1903-4, gross, $28,052: net, $7,574; charges, $13,783; bal.,def.,
$6,209. Pres., T. 8. Moorhead.- (V. 67, p. 1162.)
(The) Uls«er A Delaware RR.— Owns from Kingston Point
(Hudson River), N. Y., to Oneonta, 109 miles, with branches, a total of
129 miles. V 74, p. 42. Sto k, *3,COO,000; outstanding. $l.n00 000;
J.
par, $
As to refunding 4s of 19* 2 see V. 75, p. 667; V. 79, p. 153.
There are $1,400 income 5s maturing July 1, 1905.
\r a. end. June 30. Gross.
Net.
Other inc. Int., taxes, etc. Bal. .sur.
1904-05
$16o.864
$822,W35 $238,701
$2,6 8
$^0,535
1903 04
784.225
222.030
160 216
2,621
64,436
From surplus in each year $^0,000 was appropriated for r- pairs
and renewals. -(V.74, p. 42; V. 75, p. 78, 667, 1110; V. 79, p. 153 )
I'nadilla Valley Ry.— Owns road from Brldgewater to New
Berlin, N.Y., 19 miles.
Stock, $200,000; par, $100 V. 78, p. 104.
Bonds, see 'able above; V. 78, p. 149'. Lewis R. Morris is trustee.
Six moi th endng June 30, 1904, gross, $18,491; net, $6,737. Pres.,
Lewis R. Morris. Office, 135 B'way.N. Y. -(V. 78, p. 104, 344, 1168.)
Underground Electric Railways Co. of London, Ltin.—
(See Unp.)— Has under construction system of underground and surface e'ectric passenger railways in London and suburbs aggregating about97»4 miles (V. 79, p. 920, 1551, 2153), viz.:
1
.
,
T'b^e Cos. —urock mostly owned - Miles.
Batter St. A Waterloo Ry
C"mp|oted Jan., 190a
Char. Cross Bust. &, Hanap. Ry
I ar
°
Great Northern Piccadilly A;
"1
Brompton Ky
Bulb
*
to
be completed in
I
is
surface—
"a). Stock
Owned—
London ODited Tramways
eration)
7 u.n«ei
heated
Miles.
(in op-
...
— .da), stock own'd—30
Metropolitan Uist. Ky. (inol 334
m. jointly owned with otners).. S2ii
06. J
Total
Steam; electrical equipment to be completed in 1906.
97M
144
RAILWAY STOCKS AND BONDS.
Vol..
lxxill
)
Oct.,
RAILWAY STOCKS AND BONDS.
J 905.
RAILROADS.
of col nun headings, Ac., see notes
For explanation
on
ti
j
'71 for $20,000,000, loan of 1923, gold
(now 1st mortgage) } loan of 1929, gold
r
^
1889
1,000
1881
1881
1,000
1,000
1867
1879
1885
1892
1H 05
1,000
1.000
1,000
1,000
100
.
F
1,<
£
Co*.—
Buk.S'.A a Hter-J
loo rd. sik...
4 p. o prr stk.
Perp. mock '%
1
C
K A
£
1/85,730 xl,279,6e0
Nil
2,473,760 x2.478.570
perdl ii. n.sik
£8OU,u0autb...
hic.
or.
£
os.—
I
vd
4 p.
0.
prf. stk...
do
...
l,fi'»'
,000
i,05). t.O
uutr. stk zl.aSO.OOO
8 p. c 0"n». per
0.
Bromp. Jt6,07b.-
r^ntebbr^e
stock and
1,781 JSOO
yWrt.OoO
l,05o ,0'0
6,sU0
z*!,liB,666
i.ann
cNll
Nil
&
Under. Co.
£
Ordinary stuck. 3.'35,0"0
6 p.
24S.700
..
H.,
41
i>
Issued.
aMetrop. Dlst.Ry.
>
Char.
£4,S2«0- Oauth
Gt.
Controlled
za, 735,825
Deb
bLonaon Dnited Tramways.
000 autta
2,98",610 x9,«18,750
Ordinary st«.ck 11.^.-0,0
1878,700
4* perpt Ideb.stk
5 p. c prefMk.. |,2S0. "<) (1153,770
£l.xoi .000 Huth.
dNll
Ml
Is M.4 p.c deo. 1,031,000
x Pn»cnc«lly all deposited for profit-sharing notes.
j Hasan iecn £537,851 additional, on wbicb holders have ceded tbelr vote
In conrid. rat 1011 ot !<cal^<i dividend eunranty.
zNi voting pr.wer I £"' O.o'O tull paid in (of which £">oo,000 owned) and
£8»H.»0. £1 per nhare paid In (of wnlch £37^,700 owned). II Aiso coniroU voie
on a further £415,00'.
ab Underg inno <o. bas vote on a £3,689,351 out of £4,«r0,000 and b£i,4*7
470 out of Hsijtt 0,< CO vo'ii e shares.
cd Iss'iaOieto Under^r 'Uud :o or nominees on demand; «£^94.000; d £63f\O"0.
Report —Report lor year end. June 30. 1904. was in V. 79, p VI 45
Cd Issuable to Und-rnr'd f!o. Or n mlne> s on riernand; c £691,0'
<i £<<H6
00
DlRBCTOhS.-Cnarles T. V rkes. Chairman; WhIi er Anoott. James A. Blair,
T. Jeffeiton Cooiidge Jr. frank l)»w.s, Tbe R eht H..n. L rd Farrer The
Hon. py«ney George Holland, James H. Uvde. L. F loree, Kob«'t ..
MoCurdy. Cbane- James ater-8coit. KJear Suever, James Soeyer, Ph rl-g
Ainiwor b HmluM, J uiheer Henry Teixeira de Mat ton, 1. .rd Oearge Hamilton and Mr J-mes Clifo n >oblDson; Secretary W. B. Mand-li'k.
{V. 79, p. 2148.2153; V. 80, p. 11 12,2459; V. 81, p. lo 6, 266.1
.
1
—
Union
Harliic Kallroad.— (<8e« Map. >—The system embraces
Line* oumed directly
Miles.
Controlled— Practically Owned
Council Bluffs to Ogden
1,012 *Ore. Short Line RK., OranKansas City to Denver
640
§er, Wy., to Huntington,
Denver to Cheyenne
106
re., Helena, Mon., to FrisLasalle, Co., toJulesburg ... 149
co, Utah, eto
U 1,313
Other branches, etc
1,222 Oregon RR. A Navigation.. H 1,0«4
—
:
Leased
Tot.
—
68
mainline and br'nchs.3,129
Total all lines July 1.1904 5,594
Also owns one-half interest in the San
*
11 See these companies.
Pedro Los Angeles A Salt Lake Ry., which see.
History.— Incorporated in Utah July 1, 1897. to succeed per plan
of Oct. 15, 1895 (V. 61, p. 704,705, and V. 64, p. 424), the Union Pacific
Ry., as stated to N. Y. Stock Ex. in V. 66, p. 618; see also V. 67, p 790
In 1901 2 purchased $90,000,000 stock of the Southern Pacific ^o., a
strong working control, and in 1904 *18,000,0OO of its preferred stock,
V. 72, p 243,284; V. 73, p. 446; V. 75, p. 13r; V. 80, ... 1914.
Stock —In 1899 stockholders authorized Increase of oommon
stock from $61,000,000 to $96,178,700, and of preferred stock from
$75,000,000 to $100 000,o<0 in order to complete the company's oontrol of the Oregon RR. & Navigation and Oregon Short Line RR.
On Mar 24, 1901, the common stock was authorized to be moreased
by $100 000,0'
to provide lor the conversion at the option of the
holders of the 1st lien 4s of 1901. V. 72, p. 392. 628. In Oct., 1905,
$79,654 000 had been exchanged. V 73, p 13K0
As to new preferred stock in 1905, see "General Pinanoes" below.
Dividends p.o.)— V98. '99. 1D00. 1901. 1902.1903. 1904. 1905.
On common
313
4
£
4
4
4
Below.
On preferred
>!!« 3^ 4
4
4
4
4
4
t
in 1805, on common, April, 2 p. 0.; Oct., 2*4 p. 0.
D8 — Tne nr8t mortgage (M eroantlle Trust Co. trustee) covers the
* ?Pi*
1^54 miles composing the former Union Pacific ana Kansas Paoiflo
nnes. Including the telegraph, terminals, equipment, and, directly or
lll
and
1*8
Statement to N. Y Stock Exoh., V 66, p. 618.
^l^e £,tlJ nen convertible
The first l
4 p.
gold bonds of 1901, Issued for purchase of Southern Pacific stock and other properties, are secured by
pledge of *27,334. 700 Oregon 8h. Line sto. k and s-,476.000 income
B bonus and $23,944,900 Or. RR. A Nav. common and *9,8 /6.200
preferred stock, etc., and by first mortgage on about 1,025 miles of
branches 1 hey are convertible at the option of the holder at any time
before May 1. 1906. into oommon s'ock at par, and redeemable after
that date in whole or in part by the company at 102 ^ per cent (in the
,
.',
K™
l•
,
-
chOHe n by
To Oot.. 1905.
SmJ^S?^ 01 Iginally issued bad been exchanged$79.05»,«>00 of the
81 00,000.000
and canceled. V.
73, p. 1360. See mort. abstract, V. 72, p. 1084. V 72, p. 392, 776.
LANDS.—The 1st 4sof 1897 oovered J une 30, 1904, directly or through
beneficial ownership 4,396,b54 acres of land, situated in Nebraska,
,,e
,
4
,
lot)
<s
N. Y. Office, 120 B'way.
1.
June
Jan.
1,
1,
1,
1917
1928
1952
1934
June
June
I,
1,
1908
1903
Oct.
o
t.i':6f>'i^%
do
do
do
do
Oct. 1, '05, 2%
do
July 1, 1947
do
May 1, 1911
Bait., Infcern*l Trust Co. Ma\ 1, 1931
Ottioes. Oct. 10/05. 2**
Phlla. and N.Y.,
Philadelphia Office.
Bept. 1, 1908
Feb. 1, 1923
do
do
do
Sept. 1, 1929
do
N. Y.,N. Bk.Com. A Phil. Mch. 1, 1944
Mch. 1, 1951
do
do
N. Y., Morton Tr. Co. Jan. 1, 1920
A
00
d Elec. Railways Co. of Londou —{Concluded.)
Cudtrsri
Organization —incorporated on Apr 9, 1902 Speyer & Co. of
New York, the Old Colony Trust Co. of Boston and Speyer Brothers of
London have tbe right until 1912to nomiiiate a majority of the Board.
Securities —The 5 per oent profit-sharing notes of 1»03 are a direct
obligation and are secured by a flrsc lien on sti ok* ami shares of properties controlled, deposited under terms of trust deed, dated May'/9,
1903, with tbe L01 don A Westminster Bank, Ltd., trustee.
The
whole or any part (to be drawn by lot) may be o-tlled at any time at
par For pront sharing provisions, etc., see listii g application to the
New York Stock Exchange at leng h, V. 79, p 2153; V 76. p. 1031.
Capitalisation of subsidiary companies, V. 76, p 383. 1250, 1409;
V.78, p. 1499, 2386; V. 79, p. 1355; V. 80, p 1112, 2459; V. 81, p. 266.
Name* of
latal
Ht'dbv
Namtsof
Total
Held by
Under. Co.
A.
J.
Dividend.
July
M. A N. N. Y„ D. L. A W. RR. Nov ,1905.3%
4,000,000
6
849,285 See text. F&A10 Utioa, N. Y., On. N. Bk. Aug 9, '05, 2
800,000
5
J. A J. N. Y., Security &Tr. Co. July 1, 1939
750,000
5
J. A J. N. Y., Del. Lack. A West. July, '05, 2H%
Aug. 1, 1911
do
400.000
F A A.
do
5
Oct. 1 1921
750.000
6
A. A O. All owned ^y B.
O.
Aug. 5,'05, 2%
14,649.546 See text. See text
Checks mailed.
Kelt. I, 1908
1,700,000
F. A A. N. Y., Farm. L. <fe Tr. Co.
7
500.000
J. A J. N.Y.,Farmer8%.&T.Oo. Jan. 1, 1910
6
July 1, 1925
1,900.000
5 g J. A J. N. Y., Farm. L. A Tr. Co.
do
Jan 1, 1906
600.000
do
5 g
A J.
7,000,000
do
do
Feb. 1, 1955
A A.
4g
100
100
<fc
IsS'ud.
g.
-
.
Controlled
4
-
—
.
4
g.
g.
When Line.
Slocks— Last
Whom.
A J. N. Y., Metropol. Tr. Co
A D. N. Y., Centi ai Trust Co
A O
New York.
A J. Office. 135 B'way.N. Y.
A D London.Lon A West Bk
A D. N. Y., Speyer Co.
& N London. Reg. office
59W, ^68
5
1903 1,0004c 16.550.000
5 g
£700.0i i0
1905 * 1,000
M.
4»s
See text. A. A O.
100 $175.: 12 9
100 99.567. lOO 4 in 1904 A. A O.
1897 500 *o. 100,000,000
4 g. J. A J.
1901 1,000 Ac 20,3i7,OO0
4 g. M. & N.
1901
1,000
75.000
5 g. M.10AN.
100 21,240,400
10
Q.-J.
1*878
1,000
841,000
g> M. A S.
f g F. A A.
1883
1,000
1,824,000
!
1889
1,000
6,020,000
M. A 8.
! g M A 8.
1894
1,000
5,646,000
4 g.
1901
5,66<',000
3*< g. M. A S.
1,000
189o
1,000
300,000
6
J. A J.
a «
5 °
loan of 1944, gold
equally.
IN %
J loan of 1951, g. p. A l.gu.
26
United Verdo <t Pacific— let M., $300,000 IHo
o
Utica <t Black River— See Rome Water. & Ogdkns BURG.
Otxca vKen. <fi liusq. Vat.— Stock,6p.cgu. by D.L.AW
97
Vtica Clinton <£ Binghamton Stock
*81
1st mortgage, guar. p. A i. by D. A H., end. No...
Valley <N. FJ— Stock, 5 p. o. guar, by D. L. & W...
11
11
1st mortgage (for $500,000) F
mortgage. $1,000,000
Valley (Virginia)— let
62
o
Vandalia RR.— Stock, $25,000,000 authorized.
1. (end.).o.
Indianap. A Vincennes, 1st M., gu. p.
i"33
Terre Haute & Logansport RR., 1st mortgage
93
T. Haute A Indianap con. M., now 1st M. it
116
2d M.. oon.g.. called Jan. 1. 1906. at 105. F. c
116
Con M $25,0"0.000.g. ser.A.$l«».000 00" f.o &r 614
,
5g.
5
J.
J.
pal.
payable, and by
Payable
Cent.
1
£10
1903 £100 Ac *3
c&r
o&r
I
When Where
Rate per
$ 50.000
2,000.000
700.000
200,0"0
£5.000,000
,
all
Par
1897
1888
1,000
1902
1.000
1904 250 Ac
,
FP, seen res
of
Amount
Road. Bonds Value.
page of tables.
rst
Size, or
Outstanding
Tuiearora Valley— 1st mortgage.$150,000, gold.
27
Ulster A Dela.— Cons. M. for $'2,000,000, gold.Ce c*
101
Refunding mortgage, $3,200,00o.s
c**r
Unadiua Valley— 1st M $200,000, g.. red. 110
"l9
Underg. Kite. hy». of Lon. — Ord. shs., 50 p. o. pd In
Five per oent profit-sharing notes > *7,000 000,
do
do
do
s red. at par
4*3 P- o. rower bouse debentures, £850,000
Vntun JHaeifte «it.— Common stock, $196,178,700
Pref. stk, 11m to 4 p. o,n.-o., $200,000,000 ...
1,835
1st M. K.v and land grant, $100,000,000 g.ITIe
o Ar 1,300
1st lien oonv.M., g., red. text. me
Union Springs <& No —1st M„ $1,000,000, g red
7»a
United N. J. kit. <f Canal Co.— Stock, 10 p. o. guar.
of loan of 1908, gold
r
General mortgage
Bona* Prinol-
INTEREST OR DIVIDENDS
Date
Miles,
of
!4;>
Wyoming, Colorado. Utah and Kansas, the value of whioh was estimated June 30, 1904. at $3,541,685; also further notes or contracts
for lands sold aggregating $6,322,601, and the lands for whioh,
if not paid for, revert to the company.
See V. 67, p. 791. Total estimated value of lands and land assets June 30, 1904, $9,864,286.
During 19o3 4, l,o37.79o aores were sold for $2,256,167.
Grneral Finances.— The Oregon Short Line RR 4 p. o. and participating 25-year gold bonds, secured by a like amount of Northern Securities Co. stock, were called for pa) ment on Feb. 1, 1905, refunding
4 per cents bein issued in their place. See Oregon short Line RR.,
.
V
75. p. 13« ,395; V. 76, p 384; V. HO, p. 1914.
As 10 Southern Pacitio Co. preferred stock (issue in
0< 0.000), see that company. V. 78, p. 2443.
1904 $40,-
In July, 1903, 512 miles of tbe Oregon Short Line south of Salt
Lake Cly, including branches, was sold to the 8an Pedro Los Angeles
A Salt Lake Ry.. t e Oregon Short Line acquiring a half Interest in the
San Pedro L. A. A 8 L. (which see); total paid on aorouut of investment to June 30, 1904, was $14,9t0,t00. V. 76, p. 9*0; V. 77, p. 38;
V. 79, p. 1707, >70U.
Expenditures ou U. P. svstem for improvements and equipment durin* 3 year* I900-3, aggregated $39,223,423. V. 77, p. 1226. 2109.
The siockholders voied on May •">, 190i, to Increase the preferred
Stook f oiu $100,000,000 to $200,000,000 to •* finance coming
requiremeuts." to be issued as required. The purpose 1* not made
public, but is suggested by the remark in the oftl nal uot'oe that a company "should fluauce at least a part of its capital requirements—especially such as arise lo connection with the acquisiti -u of stocks of
other companies 'hrough the lisue of stock " V. SO. p 13^4.
In May. 19<>5, the Union Pacific and Northern Paciflo arranged for
the Joint construction of 300 to 500 miles of road into the _learwater
district, Idaho
V 80. p 2221.
In 19i>5 (he dividend rate was increased to 5 per oent.
Latest Earnings— For 2 months ending Aug. 31 net over taxes:
—
-,
Gross Earnings.
Met Earnings
1905
1904.
1905.
1904.
Un.Pao. System. $11,214,448 $9,477,692 $5,351,081 $4.43 ,096
Annual Report.— Report for 1903 4 in V. 79, p. 1699, 1707 tsee also
editorial, p. 1674). Average train-load of system, 450-9 tons in 1903-4.
1903 04.
1902-03
1901 02.
iTears end. June 30- 1904-05.
Average miles
...
5,762
5,710
5,353
$M>,324 947 $55,279,231 $51,075,189 $47,50o,279
Gross earnings
Oper. exp and taxes 31.862,714 30,497,443 28,747,216 25,559,226
,
<
July \to Aug. 31.
Net receipts ....$27,462,233 $24,781,788 $22,327,973 $21,941,053
Income from in vests
4,2t6,844
4,580,602
4,647,843
Total income....
Fixed oharges
Int. Ore. Short Line
Incomes <fe pf
..
.
.
$29,048,632 $26,975,816 $26,521,655
$12,429,595 $11,675,703 $11,989,480
$22,489
Divs. on U. P. pref..
.
do comm>n. ......
$23,962
$29.^80
(4)3,982.256 (4)3,9h2,0K4 (4)3,981,552
(4)4,350,836 (4)4,350,612 (4)4,205,082
Balance, surplus
$8,263,456 $6,943,474 $6,315,961
Officers. Etc —(July, 1904.)— President, E H. Harrlman; V-Pres.,
Wm. D Cornish; Gen.Mgr.,A. H. Mohler; Sea, Alexander Millar;
Comptroller, Wm. Mahl; Treasurer, F. V. 8. Crosby.
Oirect' rs. James Stillmao, Varvin Huebltt, B. H. Harriman, Menry C. Frick
Thos. T. Kckert f. a. ValenMne, Otto H. Kahn. Joseph R\ Sm'ib Oiver Ames
J. H. Sen iff. Wm. O. Rockeieller. Cbas. A. Peabodv and H. U Rogers.
Office, 120 B'way, N. Y.-(V. 80, p. 1914,2921; V. 81, p. 2b6, 1176.)
Inioii Nprliia* A Northern By.— See page 178.
Union Terminal Ry,, Sioux City.—See page 178.
United New .leroey Railroad Canal Co.— (See map Perm,
sylvania R. R.) With other properties operated in connection there
with forms an imoortaut svstem of roads in Northern New Jersey, extending from Camden to Amboy and from Philadelphia to Jersey City,
with branches and connections, a distance of 468 miles; Hudson
River ferries to New York. 1 mile, and Del. & Raritan Canal from
Bordentown to New Brunswick and feeder, 66 miles. Phil. A Trenton
and Belvldere Del.— whioh see—are principal leased lines.
Lease.— Leased in June, 1871, to the Pennsylvania RR for 999 years;
rental equal to 10 i>. 0. on stook. Interest on bonds, taxes, eto
Earninovs.— For year ending Dej. 31, 1903, gross, $27 968,916; net
$7 046,2i8; other Inc., $221,481; Int., rentals, improvements, etc
$5,098,509; dividends, $2,124,040; bal ,sur„ $45,180 -(V. 74, p. 682.)
&
A
Utica Chenango
Snaqnebanna Valley Ry.—Owns Utica,
S.Y., to Greene, N. Y., 75 miles; branch to Richfield Springs, 22 miles;
97 miles. Road opened October, 1872. Leased to Delaware
Lackawanna A Western at 6 per cent on stook. Has no bonded debt.
I 'tica
Clinton A Binghamton RR.—Owns Utioa, N. Y., to
total,
Randallvllle, N. Y., 31 miles. Leased during continuance of charter
and renewals thereof to Delaware A Hudson Company, whioh
pays rental of $61,500 per annum. Operated by N Y Ontario & West.
The street lines owned (1 miles) are leased to Utica A Mohawk Valley
Ry. for $15,000 per annum. Capital stook, $849,285 (par $100),
dividends on $200,000 of which are guaranteed by Del. A Hudson
at 5% per an.; balance variable, 3-\ p. o. 1898 to 1905, inol..
146
RAILWAY STOCKS AND BONDS.
§
:
:
;
1*
'
'
>4
a.M D
A
i-l
bH
*A
P3
o
fc'*g
kJ Ph
STON
o
«4
a
o
K
ft
X
GO
03
CQ Eh
8
OO O
gOQ
^ »
goo
J|8
gH
E-S"
,
iH w
« o
^
[Vol. lxxxi.
(I)
111
<•
ATER
Sow
OR*
C
<
E
1—
r^ M H
wo w
H « H
P3 O Ph
H „ o
o fc
H
to
W g
o o
**•>»
o
o
i
Oct., 1905.]
RAILWAY STOCKS AND BONDS.
147
.
RAILWAY STOCKS AND BONDS.
148
RAILROADS.
Miles
of
see notes
VtraOrwA Pat —1st M., $7 ,000,000. g.,' el. text o*
Vermont <& Mass.—Stock, 6 p. o. guar, by Fltchburg
Bonds, currency, guar, p. i. by Fltchburg RR..
Vermont Valley— See CONNECTICUT RiVEE RR
Vieksburg <£ Meridian— See Alabama 4 Viiksb'G
Viek 8ti. <t Pac. Ry — Com. stock, *3,000,000
265
59
Pref stock, 5% non-com., $2.^00,000
General mortgage $3,500,000 F
1902
1.000
2.000,000
1904 l.OOO&c 27,000,000
1904 l.OOO.tc 20,000,000
1878
1,000
468.000
1889
1,000 33.0ll.000
1889
1,000 14,000,000
1889
1,000
3,500,000
1000 26,500.000
1889
150
97
226
144
1,000
1,000
1891
1899
,
—
1,000
1,000
>.000
1901
1901 500 &c.
1904 1000 .fee
l.ooo
1901
1<»04
1.000
l.ooo
19 4
3,349,000
1,600,000
3,000,000
1904 l.OOO&c
,
LogbPBport,
Branches
Ind., to
Butler
—
41
1878
1,000
421,000
Trackage
43
Total
8)8
i»3
See this oo.
Organization. A consolidation Jin I. 1905, per plan V. 79, p.
p. 1243,
Terre Haute
Logan sport, Terre
»ute
Indianapolis. Logansport
—
36
1
H
A
A Toledo and lud. A
&
Viucennes RRs. Pennsvlva ia Company owns a
majority of the stock. As to Vandalia C ial Co., see V. 81. p. 216.
8tock.—Authorised. *25. 000,000; Issued, $14.649, "•4 ; par. $100.
Dividends.— First div., 2 p. c, paid Aug. 5, 190
V.8i,p.508.
Bonds.—The consolidated mortgage is a first lien on the road f r om
St. Louis to the Indiana - tate line, 159 miles, and from Logansport to
Butler. Ind., 93 miles and a lien, subject to the $4.7o0 OOO old bonds,
on the rema "tng 415 miles owned, for which an equal amount of consols is reserved. $i 3,300,000 being also reserved for improvements
and geneial purposes. See application to list, V. 80, p. 1243. 1236; V.
.
81, p 17^8
Earntnos.— Report for vear ending Deo 31, 19^4. of road owned and
operated were: Gross. $7,594,946; net, $1 ,77d,899; other Inc.. $289,916; charges. $-<15.426. bal.,eur., $1,251.389.— (V. 81, p. 728, 842.)
VelmM<-o KrazoM
Northern Ry.— See page 464.
Vera Cruz A I'm lite R y.—Owns from Cordoba, on the Mexioan
By , to Hanta Lucretla, 203 miles, on the Tehuantepeo National Kv
by which coane< tlon Is hud with 8ellna Cruz on Pac lie Ocean, 114
miles distant: also branch from Tierra Blanca to Vera Cruz, on the
Gulf of Mexico, 62 mile-, forming a thr ueh line from the Atlantic to
the Pacific «_»oean; total, 265 miles Stock, *i,000. 00 common, all
owned by Mexican Government, which guarantees bonds, piin and
interest, by ei dorsenunc. V. 78, p. 1783, 1963; V 7-» p. 1933 1643.
Bonds are su^Jeot to call at l'O to July 1, 19?4, and on July 1,
1924. and thereafter at par. Of the bonds $4,500. 00 had interest
scaled to 1 p o. to Dec. 31, 1905, 2 p. o. irorn Jan. I. 1^06. to Oeo. I,
1907. and 3 p c from Jan. 1, 1908, to Deo. 31. ls.09; the-e have supplementary coupons attached, representing nalanoe of 4>ap c interest, payable at Speyer & Co.. New York, from fund deposited therefor.
President »n t oen. M*r.. Thomas Milan, Orizaba. v e ra Cruz, Mex.;
Treas. and Asst Sec,
S Zimmerman, Baltlino e —(V. 0, p. 1364 )
BVermiMit A [TIant»acbuMettg
Road, Fltchburg to Oreen
field. Mass., 56 miles of double track; branch, 3 miles.
L«ased to
Fltchburg RR for 999 years at 6 p. o on stock Bonds for f 772.000 were
issued to refund the 5s due May 1, 1903, etc.— < V 79. p 2589.)
Vermont Valley
See Connecticut Rirer RR.
Vtckaburg Sbreveport
Pad lie Ry.— Delta. La., on Mississippi River, via -ihreveport, to Texas line, 188 miles. Of this, 17 miles,
Shreveport to Texas State line, is leased to Mo. Kansas <fc Texas till
July. 1925
Successor on May 1,1901, to V. 8. <fe P. Railroad, foreclosed per plan V. 72, p. 628, 676; V. 77, p. 38.
Stock, Etc.- Of the $3,500,000 general 5s, $1,323,000 are reserved
to take ap at maturity the prior Hen 6s and $355,000 for future requirements. <"ar trusts June 30, 190 ">, $7i.396.
DiviDioNi'8— On pref. stock, 1P02 to 1905, 5 p. o. yearly; on common. 2H p. o., Nov 19« 3; Nov., 1904, 3 p. o.
Earnings -From July 1 to Sept 30, gross. $235,241 in 1905; $253.804 In 1904. Report for 1903-04 In V 79, p. 25n4.
Year.
Gross.
Net.
Other me.
Interest.
Bat, 8ur.
1901-5. .$1,4/4.405 $343,472
$15,627
$17o,4«0
**188.«19
1903-4
1,42«,751
379.S66
10,057
*22».485
160.43S
* From snrplos paid in both years 5
p. o. on pref. and in 19 )3 04 3
p. o on common; in all for 1903 04. $l92,«3
>1 v. on common not
[et [Oct.] declared tor 1905. tV 79, p. 25 84. 2589.)
'IrglniH
Carolina Coawt RR.— To own roa-1 from Norfolk,
Va.. to Beanlort, N. O, via Edenton. Mao key a ferry. Belhaven, etc,
with ferres and floating equipment. In Sept lyO">. ihe 8uff.>lk <&
Carolina hy 8nfl In to Edenton. N. 0.. 51 m.. with br moi t> Elizabeth city, 23 m was acquired, and it was proposed to build a 132mile road to connect with ihe Pam loo Oriental v Wes'ein; also acquired under construction from New Bern north to wa-iiinrfton, N.C ,
33 mlies. V 81. p. H42 Road will dovel P a large p| n „ timber belt.
Stock BUf 5 rer cent bonds authorized, each p7, c OJ O0'< In June,
1905, the underwriting for $4 250.O00 bonds was piaotioally oloted.
(V. i-O. p. i346; V fcl.p 642,976.)
Vlretnta-CMrolina Ry.— Abingdon, Va., to Vlrginla-Tennesie
State line, 17 mOes; Beaver Dam RR., operated, 8tate line tol.'randnll, 8 tniies; total. 25 miles. St ok authoriz d, +1,000.000. outstanding, $400,000
Bonds. $180,000 first gold 5s, due May 1, 1950 Year
ending Jun 30, 1904, gro-*s, *8*,439; net, *->3,791: ch*rg«*, $11,424;
dividends W p. c ), $24,000; bal., sur.. $18,36^. President and Treas
W. B Mingea, Abingdon, Va.; Seoretary, C. W. Boioe.
Virginia A n<> u h
-ist.ru Ry.— Owns from Bristol. Va northerly to Bui stone (lap and southerly to Mountain City, Tenn., 134
miles.
Block, *2,000,000, all common, of which half owned by
A
L
-
RR.—
RR.—
A
:
v
«w
i
A
,
.
—
,
«
w
826 000
l.OoO
R
1>7
16)
756,000
"500
RR.—
..
1.715.0O0
2,600,000
22
190-i
Bingham ton, N. Y., to State Line of Penn..
Valley (N. Y.)
11 miles. Leased to Delaware Lackawanna & Western at 5 per cent
per annum on stock, the lessee assuming the Interest on bonds.
(See Map Pa
R .)— The road embraces:
Van rtalia
M\'t$.
Owntd.
Lras'd MilesIndian* p., fnd., B to Bt Louia, IU._23-< TeireH*ute& Peoria
Ti45
InoiaiiHpoiis to Vin'-ennes, Ind.
e- en d to Roc*»He, lud
-.000
1901
1902
9
(option, V.75,p.l033)
Somh
3.1
6,160.000
7,000,000
100,000
200.000
1
.
4iag
J.
6
A.
3>s
M.
A J.
& O.
& N
Bonds— Pri nol-
pal.Wh. n Due.
by S locks— Last
Dividend.
A
N. Y., 8ppyer
Co.
July 1, 1934
Bost., 53 Devonshire St Oct.. 1905, 3%
do
May
do
1923
1,
2.856,500 3 In 1904 Yearly. N. Y., Cent'l Trust Co Nov.30,'04,8
2,142,800 5 In 1905 Yearly.
do
Aug.26,05, 5%
do
1,822,000
M A N. N.Y.,Farm.L. ATr.Co May 1, 1941
5
1,323,000
eg. M. & N. N. Y., Central Trust Co. Nov. 1, 1915
136
1,542
1,009
1,542
1,542
INTEREST OR DTVTDEND8.
When Where Payable, and
Cent.
Payable
Whom.
Rate per
$7,000,000
a,193,000
772,000
$1,000
100
1,000
1901
1885
.
RR.—
Outstanding
188
188
C
V. 8.
Pac. RR. prior lien mort., gold Ce
Virginia Midland'- Sei- Southern Railway.
rf 8o »thw.— 1st M. $2,000,000. gold, gu.Mo..
To
o'&r
Wabash. Puts— 1st M., $50,000,000, g. Me
2d mort gold. Incomes to June, 1910 Eq c'&r
Wabash RR.— St.L.K AN.on St. Charles Br'g.g.Cec*
Wabash 1st mortgage, gold, i$34,000,0OO)..Ce.c*
c
2d mortgage, gold ITI p
Deb. M..inc.,non-cum.,ser.A,red.par to'09.1Tle
Do do inc. non-cum., series B, not red. I?le
Det. & Chlo. Exten. 1st M.,g.,s.f.,red. 110 Ce c*
Des Moines Dl - 1 st M. gold, $1 ,800,000. ti . .o*
o*
gold. $3,000,000. K.
Tol. A Ch. Div
c*
Omaha Division, $3,500,000, gold.B
,$10,000,000. gold. Bo*A1st lien terminal mort
.c&r
Eauipment bonds, $3,000,000 s f.N
Do do scries A, due $42,000. M.& N
lo do sejles B. part due semi ann CPi
Three year collateral notes, red 10 after 1 year
Five year noies, $10,000,000, gold red. at par
Ears. C Exo sp&Nor. M.,g.,guar. (V.79,p 2697)
Columbia A St. Louis, $300,000, g., gu. p & l.SSl
Leased Line Bonds—
St L. Coon. BL & O. 1st M.
Amount
100
100
188
xo'
A
1904
1903
<fc
M
Size, or
Par
of
Road. Bonds Value
For explanation of column headings, &c,
on tlrst page of tables.
.
Date
lxxxl
[Vol.
5
J.
g.
J.
6
A.
g.
5g. M.
5
6
6
5
4
4
F.
J.
J.
J.
J.
g.
g.
g-
A
&
N.Y.,Bk.ofMan.40Wall Jan.
June
June
O. N. Y., Office 195 B'way. Oct.
N. N. Y. Central Trust Co. May
A.
do
Feb.
do
J.
D. N. Y., Mercantile Tr. Co.
A
A
&
& J.
& J.
& J.
& J.
A S
& O
In Jan., '04 paid 3 p. o.
None ever paid.
N. Y., Central Trust Co.
N. Y., Sec.
Trust Co.
N. Y., Knicker.TrustCo.
N. Y., Bowling Gr.Tr.Co.
A
1,
1.
2003
1954
1954
1,
1, 194)8
1, 1939
1, 1939
1, 1939
July
See text.
July 1, 1941
Jan. 1, 1939
Mar. 1, 1941
1, 1941
do
Jan. 1, 1954
N Y., Sec. & Trust Co. Moh. 1. 1921
AN. N. Y., Bankers' Tr. Co To Nov., 3 914
To Deo 1914
4*2g I. * D.
5 g. Seml-an N. Y. Bowl. Or. Tr. Co. May 10. 1907
g.
3%.
M.
A.
J.
4 g.
5 g.
5 g M.
&
Oct.
do
J.
mas.
.
4i« g.
4 g
\L
J.
4g- M.
6
J.
A
A
A
&
f
May
May
1,
1,
1,
1910
1928
1942
N.Y., Office, 195 B'way July
1,
1908
N.
J.
N. N.
J.
St. Louis, Office.
Y., Office, 195 B'way
Jan.
& Coke Co. isee miscellaneous companies In
Supplement), which guarantees the bouds unconditionally,
prlnoipal and interest, V.75,p. 348,398,736; V.76. p 273. Car trusts,
$129,0<i0 5s, maturing monthly N >v. 1, 190i, to Oct 1, 1908; also
$343,750 5s, due monthly Nov. 10, 1905. to May 10, 1910. Virginia A
Sou hea-tern Ry (projected), V. 80, p. 224.
Earnings-2 mos., ,1905
Gross, $156,452; net, $«1,998
July 1 to Aug 31. 4 1904
97,f*23; net,
Gross,
39,705
Report for year 1903-^ in V.79, p. 1701. In 1901-5, gross, $679,532!
net, $251,780; elites, $131,874; bal.. sur., $119,906.— (V. 81, p. 1045.)
Virginia A Truck ee Ry.—V. 81, p. 266, 509.
Virginia Iron Coal
this
Wa
n»h-Pitt«.l»nrtth
—Owns road extending
Terminal Ry.— 'Ste Mapnf WabnsHRR.l
from connection with Wheeling & Lake Erie
RR. near Jewett, O., easterly to Pittsburgh, Pa about 60 miles,
opened July 2, 1904: also extensive terminals at Pittsburgh and ma1 'rity of stock of Wheeling & Lake Erie (which see),
thus controlling
the easterly end of the Wabash system from Toledo to Pittburgh. vT
Stock, $10,000,000, ail owned bv Wauash.
78, p. 908, 23-6, 2443
In September, lvt 4. ao iiiir^d ihe entire $14,000,000 sto- k of lttsburgh Terminal RR. <fe(Oil Co (which see), a belt line at Pittsburgh
and about 15,000 acres of coal and 675 acres of surface lands, the
,
1
i
latter leased to the Pittsburg «'oal Co. The stook is pledged to secure
* abash RR. 4>« p. o. otes of 1905. V. 80. p. 1364. V. 79, p. 1024,
2087; V. 80. p. 1232. 1364, 1729.
Bonds.— Both olasses of bonds are secured by all property now
owned or hereafter acquired, including 60 miles of road owned. Pitts-
burgh terminals and n-w bridge over Monongahela River and further
deposit of a ooi trolling interest In the Wheeling <fe Lake Erie via.:
second preferred and $-<47,500 first
$11,8^0,000 common, $6,423,8
preferred stock, and also bv a trattlo and traokage agreement with the
Wheeling <te Lake Erie and Wabash, under which the Htter two companies pledge 25 p. o or their gross earnings from traffic interchanged
to meet any d floi- noy of Interest and contract with the Carnegie Steel
\>v
Co.
See application to
Of the *5o,000. 00
list.
V. 80, p. 1231, 2221.
first 4s,
the remaining $23,000,000
is
reserved
for additional mileage, acquisitions and future purposes. No first
mortgage bonds In excess of $35,000,«00 are to be issued until the
full interest for the preceding year has been earned and paid on all the
outstanding first and a* oond mortgage bonds. The sec nil mortgage
bonds are entitled to interest at 4 p. c. per annum to June, 1910, Inclusive, if earned mon cumuiatl7e), and thereafter become fixed-interV. 78, p. '386. 244 3
est bonds.
In 1 1<05 made $ u .000.0<«0 notes (all pledged under Wabash 4
notes*, of whioh $ .O'O ooo is secured by pledge of Pittsburg ^
Coal sto.k and $5,o00.0 0, endorsed hy Pitts Terra RR.
Co.. Dy $5. 00 000 consols if that CO.— (V. 80, p 1729, 19 "8, 2221.)
VVahiiwh Kail road.— (See Mnp.)— Embraces lines as follows, viz.
Owns East of Miss. River. Miles.
Owns West of Miss. River.
Toledo, O., to East Hannibal,
Moberly to Ottumwa, la .... 131
Camp Pt. and Elvaston, 111. 536 Salisbury to Glasgow, la., eto 15
Decatur, 111., to E. St. Louis.. 110 Des Moines to Moulton. Ia .
95
Juno, near Chioago to EffingBrunswick. Mo., to Council
ham and Altamnnt, 111
216
Bluffs. Ia.dnol. 41 m. leased) 225
Streator to Falrbury
31 Excelsior Spr to Mil w Juno.
9
Edwardsvtlle Branch
8
Delrey.near Detroit, to Butler 110
Total owned and leased.. .2,046
Montpelier, O., on line to DeTrackage, eU.
troit, to Clarke Junction,
Chioago to Clarke Junction..
18
near Chioago
150 Moberly to Hannibal
70
Attica to Covington
15 East Hannibal to (^ulnoy....
17
Champaign to Sidney
12 7 short lines to Quinoy, DeToledo to Montpelier, O
60
troit, &0
86
av
New Haven to Butler, fnd... 26 Other lines
64
Owns West of Mist. River.
Windsor. Ont., to Buffalo ... 275
St. Louis to near Kansas City.
275 (Grand Trunk Ry. V 66. p. 812.)
Centrallato Colurahla, Mo ..
21
11
8t. L. Levee to Ferguson, Mo.
Grand total July. 1904 ... 2.516
Also owns entire $10,000 "00 stook of Wabash-Pittsburgh 'ermlnal
Ry, 60 miles whicn holds a majority of stock of Wheeling Lake Erie
Ry., 472 miles, see those companies.
RR &
•
>.
A
Ac- Successor In 1889 to the Wabash St. Louis A Paolflc,
in foreclosure. See Scpplement up to January, 1889.
Mo. Pac. system on Ian. 1. 1904. owned *8,5O0.0OO pref stook
The
35 000 debenture bonds, making $i3,935,OoO out ot a total of
and +5.4
$92,000,000 stock and voting debentures. V. 78, p. 1110
Lease.— Entrance to Chicago is over ihlo. <* West In 1'ana. of whose
stock this companv owns*i. 000,000 (dividends, 1896'04 6 p. o yrly.)
Stock.— Stock authorized Is $24,000,000 preferred 7 p. c. no?>-«(um.,
all outstanding;
l«o *7H,o00,000 oommon, as Increased Mar 1904, Of
which +3H,000.000 has been Issued; $10,000,ot having ben used in
1904 to acquire +10,o00,0o0 of Wabash Pittsburgh Terminal Ry.; par,
$100. V. 7», p. 704, 1224. 1*63. Holders of "A'7 and B' debentures
are entitled to one vote at stockholders' meeting for every $100 of
principal, and to nominate one-half of highest even number of board.
Bonus.— Abstracts of the mortgages of 1889 were in V. 49, pp.
270-273. The first mortgage oovers all the lines owned both east and
west of the Mississippi at time of reorganization (1,542 miles); but
the second mortgage oovers only 1,009 miles east of the river
Debenture mortgage bonds are $3,500,000 series A (pref. in respeot
to interest payments only) and $26,500,000 series B. If series B bond*
HISTORY,
»hioh was sold
<
,
'•
Oct.. 1905. j
RAILWAY STOCKS AND BONDS.
149
6
r
.
RAILWAY STOCKS AND BONDS.
150
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
For explanation of column headings, &c, see notes of
Outstanding
Road. Bonds Value.
on first page of tables.
<6 Western— 1st mortgage, gold..o
lstoonsol. mortgage, $1,000,000, gold.SSt
o*
Wall/till Valley— Stock, 3 1* per cent, guaranteed...
1st M. (formerly 7s) guaranteed
2d mortgage Income, 3*a per cent, guaranteed...
Warren (H. J.)— Stock, 7 p. o. perp., guar. D. L. &
1st ref.M., $2,000,000, gold; gu. p. &i.F....o*&r
Washington Oent'i— 1st M., g., $15,000 per mile.K
Wash. <t Oolumb. River— 1st M., $2,500,000, g.F.o*
Income bonds, non-cum., $2,500,000.
Washington Co.— 1st M., g.,gu.,end.,red.text.Ce.o*
Wash, a Frank.— 1st M., $475,000, g., int. rental.
Washington Ohio <& Western -See Southern Rt.
Wash. Term.— 1st M..$12,000,000,g.,gu textUsc'Ar
Wabash Chester
W
F
Weaih.Min. Wells £ No.— 1st M.,gu.p.<fci.,end. text. N
West Chester— See Pennsylvania RR.
West Jersey dk Sea Shore RR.— Common stock
Speoial guaranteed stock (West Jersey RR.)
Camd & Atl. con. M. ($650,000 5s; bal.6s coup.)
West Jersey oonsol. mort. ($1,500 is scrip) . . .r
Woodstown & Swedesboro 1st mortgage
W. Jersey & S. 8., 1st oonsol. M., series "A,"
o"
g.c*
o*
Gold, Series "B." $1 ,500,000, gold
o*
Gold, Series "C," $1,000,000
West Shore— 1st M., gu. p.& i., end.by N.Y.C.Un.cfer
Western Mar
West Virginia Central <& Pittsb.—See
o*
West Virginia <£ Pittsb.—lBt M., g., Me.Ba..
West'n (Ala.)— 1st M., g., gu. by C. Ga. and Ga.RR.c"
o*4r
West. Maryl'd— 1st M., $50,000,000, g.
Gen. lien and conv.
, $10,000,000, text B.o*<fcr
yW.Va. Cent & P. 1st M., g., $3,600,000. Mp..o*
Cumberl'd, 1st M., int. rental, g.IUe
zPiedm't
yCoal & Ir.By.,l»t M.,V.71,p. 1166 gu., g.BleBa
Me
M
&
42
65
33
33
18
18
130
163
137
19
23
1888
1893
$1,000
1,000
100
1,000
1877
1,000
1877
50
>*•
1900
1,000
1898 500 Ac
1895
1,000
1895
1,000
1904
1,000
1899
1,000
1905 l.OOO&c
1902
1,000
m m
50
50
1881
1,000
1879 500 &o.
11 1882
1,000
310 1896
1,000
310 1896
1,000
1896
310
479 1885 l.OOO&c
TLAN D RR.
159 1890
1,000
132 1888
1,000
Text. 1902 l,000<fec
Text. 1902 l.OOO&c
132 1881
1,000
29 1886
1,000
45 1900
1,000
79
128
are not presented at maturity, July 1, 1939, interest will continue
if earned.
See stock above as to voting power.
In Mar., 1905, a committee (Henry Evans. President Continental
Fire Ins. Co., N. Y., chairman; U. 8. Mort. & Tr. Co., depository) requested the deposit of "B" debentures with a view to obtaining an
adjustment of interest on the bonds. V. 80. n. 1175. 1236, 1480, 2459.
Interest on ) 1890 to 1893. '94. '95. *96. '97 to '99. '00 to Jan., '04.
6 yearly (J A J.)
1
"A" bonds %< 6 yearly.
In July, 1904, and Jan. and July, 1905, the div. was passed. V. 78,
p. 2601.
Detroit <6 Chicago Exten.mortg&ge ($3,500,000); abstract V.54,p.l049.
The Des Moines Division bonds of 1899 ($1,800,000 authorised) cover
96 miles, equipment costing $250,000, etc. See V. 68, p. 574, and advertisement in Chron. Maroh 18, 1899; also V. 69. p. 335, 796. 1248.
The Toledo <e Chicago Division 4s of 1901 are secured by a first lien
on extensions constructed in 1901 from Maumee, O., to Montpeller, 50
miles, and from New Haven, Ind, to Butler, 26 miles, and by a lien,
subject to Detroit At Chicago ext. 5s, on Montpeller to Chicago, 150 m.
A sinking fund retires $100,000 equipment 5 s of 1901 annually at
108 for 5 years, then $150,000 for 10 years and thereafter $200,000.
V. 72, p. 185, 582. 822; V. 73, p. 567.
Omaha Division 3ias cover Council Bluffs, la., to Pattonsburg, Mo.,
144 miles V. 75, p. 686. Columbia A St. Louis RR., guaranteed
bonds, V. 73, p. 338, 786, 1012; V. 74. p. 1040; V. 75, p. 686.
The $10,000,000 terminal gold bonds of 1904 will be issued to acquire
from time to time additional terminals at St. Louis and Kansas City,
Mo., Chicago and Quinoy, 111., Toledo. O., Detroit, Mloh., and other
places. In 1904 $1,715,000, ooverlng freight terminals in St Louis,
were issued. V. 76. p. 436, 753, 1032; V. 77, p. 512; V. 78, p. 288, 1448.
In April, 1904, $6,160,000 three-year 5 per cent notes were sold,
chiefly to provide for terminal facilities at Pittsburgh, the notes being
secured by the entire stock and $6,600,000 of 50- year first mort. bonds
of Wabaeh Pittsb. Term. Ry. V 78, p. 1551; also sold *840,000 equipment 5s. (V. 78, p. 1551.) As to $7,000,000 notes of 1905, see below.
The five-year 4 ig p. 0. notes of 1905 ($10,000,000 authorized issue),
of which $7,000,000 was sold, are to be issued principally to increase
They are secured (1) by a mortthe facilities around Pittsburg.
fage subject to existing liens on all linen east of Chioago not covered
y debenture mortgage, including main line between Chicago and Toledo and line between New Haven and Butler and the leasehold interest in the Grand Trunk lines between Detroit and Buffalo; (2) by
pledge of about $8,000,000 Wabash.-Pitts. Term. Ry. notes and other
collateral.— V. 80, p. 17*9, 1231, 1364, 1729.
General Finances.— Completion in July, 1904. of the controlled
Wabash-Pittsburgh Term. Ry. (see that co. above) affords direot connection with Pittsburg.
V. 78, p. 2386, 2443; V. 79, p 1024. A Gould
syndicate has acquired the Western Md. RR. to obtain access to tidewater at Baltimore. See that company.
Earnings.— 12 mos., ) 1904-5
Gross, $24,685,761 net, $4,182,323
July 1 to Aug 31. 51903-4
Gross, 23,023,602; net, 5,340,095
Report.—Annual meeting at St Louis second Tuesday in September.
Report for 1903-04 in V. 79, p. 1714; editorial, p. 1676.
Tear ending June 30—
1904.
1903.
1902.
Average mileage
2,517
2,486
2,483
Gross earnings
$23,023,626 $21,140,831 $19,053,493
Net earnings
$5,340,118
$5,325,167
$5,206,057
From rent of traoks, &o
641,347
531.428
418.155
Total net income
$5,981,465
$5,856,595
$5,624,212
to b6 payable
;
Taxes
$750,159
$664,703
$027,930
2,019,592
1,751.229
1 ,620,066
3,092,423
3,034,513
2,964.757
105,000
210,000
210,000
Balance
but. $14,291 sur.$l9«,l50 sur.$201,459
Officers.— Chairman of Board, E. T. Jeffery; Pres., Frederick A,
Delano; Gen. Mgr., Henry Miller; Treas, F. L. O'Leary; Sec, J. O.
Otteson.
Dtrectore.— Thomas II. Hubbard. E. T. Jeflery. R. M Gallxway. Edear T.
Welle!, Georg<- J. Gould. S. C. Reynold!. John T Terry, Russell Sage. Winslow
8. Pierce, W. B Landers, R. C. dowry. Wells H. Blodg«tt and Frederick A.
Track, bridge rent, &o
Interest on bonds
Div. on "A" deb
Delnno.
Office.— 195 B'way, N.
Wabash
Chester
Y.— (V.
6c
81, p. 669, 900, 1176, 1242.)
Western RR.— Chester,
111., to Mt. Vernon, 111., 65 miles. Stock $1,250,000 par, $100. Coupons due July,
sii ce.
For year ending June 30, 1905.
1894, paid July, 1896; nonepaid
gross. $110,086: net, $22,458; interest on bonds, $34,500; taxes, $6,bal., def., $18,557.
515;
Warren 6c Corsicana Pacific Ry.—See page 4C4.
Warren RR., N. J.—New Hampton June, to Dela. Bridge, N. J.,
18 8 m. Leased in perpetuity to Dela. L. & W. at 7% on stook and interest
on bonds. See form of guaranty. V. 72, p. 628.— (V. 80, p. 999.)
Washington Central Ry.— Owns road, Cheney to Coulee City,
Wash., 109 miles branch from Coulee City to Adrian, 21 miles; total,
130milrs. Reorganization in Jan, 1898. Leased in 1898 to Northern
Pacific for 999 years at rental suflioient to pay interest on new 50-year
fold 4s, to be.issued at $15,000 per mile. (See V. 66, p. 953). The Nor.
'ac. owns the entire $1,000,000 of capital stook.— (V. 67, p. 127, 691.)
Washington 6c Columbia River Ry.— Owns road from Dayton, Wash., to Pendleton, Ore., 128 miles; branches, 35 miles; total,
163 miles. Mill Creek Valley RR., 6 miles, was acquired in Sept.,
;
-
;
$300,000
390,000
330,000
250,000
330,000
1,800,000
1,394,000
1 ,853,000
2,498,000
2,245,000
2,500,000
Bonds— PrlnclINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
5
5
g.
g.
3^
3ia
3ia
& J.
& J.
Q.— P.
J. & J.
J.
J.
M.
&
N. Y., Nat. Bk. Com.
July
July '94, pd. July 1, '96 Jan.
\ g
4 g.
4
-
3ia
g.
5g.
do
do
S
6,216,050 See text.
104,000
6
999,000
5 &
750,000
6
90,000
6
1,600,000
4g.
3i3 g.
1,500,000
1.000,000
3»a g.
50,000,000
4
(5)
4
g.
g.
*•
6g.
t
5
g
-
g.
& W.
RR.
M.
J.
J.
M.
M.
J.
J.
J.
J.
A.
A.
J.
F.
F.
&
1918
1928
&
J.
J.
&
A. Washington
1,
1,
1917
1917
Oct. 15,'05, 3i*
;
Portland, Me., Cent. off.
Philadelphia, Pa.
4»ag. A.
4
t
Del. L.
Aug.
Moh.
July
July
3 i«g. F.
5 g. F.
10,000,000
500,000
Y„
Aug.
Aug.
do
do
do
do
Q.-M. N. Y., Knick. Trust Co.
J. & J. N. Y. .Farmers' L. &T. Co.
Payable as earned. See text.
J.
J.
1,
1.
N. Y., Gr. Cent. Station. Nov., '05, '9%
A.15&0 N.
7
3hsg. F. & A
378,000
4,000,000
1,543,000
31,924.000
10,000,000
3,250,000
650,000
1.000.000
[Vol. lxxxi.
Jan.
Jan.
1,
1,
1,
1,
1,
1,
2000
1948
1935
1935
1954
1939
and N. Y. Feb.
1,
1945
& A N. Y., Mercant. Tr. Co Aug. 1, 1930
*
& S. Phila., Broad St. Stat'n Sep. 15, '05. 3
do
do
& D.
J'nel,*05, 3%
do
do
July 1, 1911
& J.
& N.
do
do
Nov. 1, 1909
& N.
do
May 1, 1912
do
do
July 1, 1936
& J.
do
do
July 1 1936
& J.
do
July 1, 1936
& J.
do
do
N. Y., Gr. Cent Station. Jan. 1, 2361
& J
& O. N.Y.B.&O.Of.,2WallSt Apr. 1. 1990
& O. N.Y. GuarantyTrustCo. Oct. 1, 1918
& O. N. Y., Merc. Trust Co. Oct. 1, 1952
do
do
Oct. 1, 1952
& J. N.Y.,FirstN.Bk.&Balt July 1, 1911
& A. Bait., Hambleton & Co Aug. 1, 1911
& A |8alt.,Mer.Tr ADepCo. Aug. 1, 1920
Additional first 4s may
1905. Stock is $3,000,000; par, $100.
be Issued for extensions at $20,000 per mile. (V. 61, p. 70.) Nor.
Pao. Ry. owns all the capital stook and lnoome bonds. In 1904-05;
paid 4 p. 0. on incomes. Year ending June 30, 1905, gross, $517,975;
net (over taxes), $205,681; int. on 1st mort. and income bonds, $189,720; surplus for year, $15,961.— (V. 66, p. 426.)
Washington County Ry.— Owns Washington Junction, on the
Maine Central RR., northeasterly to Calais, Me., 103 miles; branch
to Eastport, 15 miles, and Princeton, 19 miles— total, 137 miles. V. 77,
p. 2340. The Maine Central owns the $2,500,000 stock and guarantees
the bonds, principal and interest, by endorsement, but road is operated Independently. Bonds are issuable at $20 00O per mile, being
subject to call at par and Interest on Jan. 1, 1924. For year ending
June 30, 1905. gross earnings were $350,570; net, $83,039; fixed
charges, $89,596; bal., def., $6,557.— (V. 78, p. 989.)
Washington A Franklin Ry.— See page 178.
Washington Terminal Co.—To own station at Massachusetts
Ave., Washington, D. C, terminal and approaches to be oompleted in
1906. The Phila. Bait. & Wash. iPenn. RR. system) and Bait & Ohio
own the entire $2,500,000 stock (authorized amount $5,000,000) and
guarantee the bonds, of whioh $10,000,000 bearing 3*9 p. 0. int. was
sold in Apr., 1905, the $2,000,000 unissued bonds not to bear interest
in exc ss of 4 p. c; V. 80, p. 1 973. V. 76, p. 812, 594; V. 77, p. 252;
V. 80, p. 652, 1176, 1364. Other tenants besides guarantors are Atlantic Coast Line, Ches. & Ohio, Seaboard Air Line and Southern rys.
and Richmond- Washington lines. -V. 80, p. 1973.
Weatherford Ml 11. Wells 6c North w.— See page 464.
Wellington Grey 6c Bruce Ry.—V. 75, p. 1356; V. 77, p. 38.
6c Sea Shore lilt.— (See Map Pennsylvania RR.)
-Owns all the lines of tne Pennsylvania System in Southern New
West Jersey
Jersey, inoluding Camden, opp. Philadelphia, to A. tlantio City '59 m.),
Camden to Cape May, 81 m., etc; total 329 miles. V. 62, p. 366, 871.
Stock.—Common stook authorized, $8,076,000, of whioh the Penn.
RR. held Jan. 1, 1905, $2,333,750. Stockholders in Oot, 1904, subscribed to $1,264,000 new common stock, raising the amount outstanding to $6,216,050. V. 79, p. 1463; V. 67, p. 188.
Dividends.— Common, Sept., 1896, to Mar., 1905, lnol., 5% yearly; in
Sept.,
1905,3
p. 0.
for $7,000,000, of whioh in
Apr., 1905, $1,840,000 were reserved for prior lien bonds when due,
and $1.0*i0,000 for improvements, etc, V. 62, p. 1179. In Oct., 1904,
$1,000,000 3 'as were sold for improvements. Mortgage trustee, ComTrust Co. Philadelphia.
monwealth Title Insur.
Gross, $3,261,683; net, $1,038,155
Earnings.— 8 mos., 51905
886,955
Gross, 3,077,083; net,
Jan. 1 to Aug. 31. ( 1904
Report.— Report for 1904 was in V. 81, p. 151.
1901.
1904.
1903.
1902.
Years end. Dec. 31.
Bonds.— First consolidated mortgage is
&
Gross earnings
$4,307,597 $4,260,460 $3,893,799 $3,678,693
918.943
Netearnings
1,049,091
945,475
1,002,391
In 1904 other lnoome, $5,649; interest on funded debt, rentals,
taxes, etc, $366,878; dividends at 5 p. 0. on common (and 6 p. 0. on
special guaranteed) call for $253,843, leaving $434,019; appropriated
for extraordinary expenditures, $331,254; bal., sur.. $102,765.— (V.
79, p. 209, 1463, 195b; V. 80, p. 1060; V. 81, p. 161, 842.)
West Shore RR.— (See Map If. T. Central <t Hudson River.)— eehawken,N. J., opposite New York City, to Buffalo, N. Y., with branohes,
436 miles Syr. Ont. & N. Y. RR. (owned), SyraousetoEarlville, 43 m.;
total, 479 m. Successor of N. Y. West Shore & Buffalo, foreclosed.
Lease.— Leased In 1885 for 475 years to the New York Central A
Hudson and all earnings, Ac, lnoluded in that company's report. The
$10,000,000 of stook is owned by the New York Central Company.
Bonds.— The bonds cover 479 miles of road, and also the terminals
at Weehawken. Abstraot of mort. In V. 42, p. 176.— (V. 68, p. 332.)
Went Virginia Central 6c Pittsburg Ry.— See Western Maryland RR.
West Virginia 6c Pittsburg RR.— (See Map Bait, di Ohio.)—
Clarksburg, West Va., to Riohwood, W. Va., 120 miles, with branch, 6
miles; also from Weston via Buckhannon to Plokens, 50 miles; total, 176 miles. Leased to reorganized B. & O. for 999 years from
Sept 1, 1899, per plan in V. 67, p. 1310, for four per cent on the
mortgage, all except $10,000 bonds being stamped with an agreement
reducing the interest from 5 to 4 p c; option to retire bonds at par expired Sept 1,1904. V. 69, p 439.646. Com., $2,500,000, and pref.,
$900,000, all deposited by Bait. & Ohio under its own Pitts. L. E. &
West Va. system mortgage. Mortgage|co vers, road and equip, and 134,842 acres of timber, coal and mineral lands in West Va.— (V. 71, p. 810.)
Western (The) Ry. of Alabama.—Senna to West Point, 132 m.
Georgia RR. and Cent. RR. of Ga. eaoh owns half the $3,000,000 stook.
Dividends ) 1894 to 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903.
4
4
3
5
4
2
(Per cent.) S 2 yearly.
For year ending June 30, 1904, gross. $950,438; net, $318,526;
other income, $2,755; charges, etc, $234,800, dividends, $120,000.
Western Maryland RR.— History.— In June, 1902, the Gould
interests acquired from city of Baltimore all its interest in property.
Extension to tidewater at Baltimore was opened in Sept., 1904. wee V.
79, p. 2693. Stockholders voted Oct. 19, 1805, to rat fy the purohase
Western Maryland Tidewater, Potomao
of controlled companies, viz
W
;
:
.
RAILWAY STOCKS AND BONDS.
Oct., 1905.J
RAILROADS.
For explanation of column headings, Ac,
on first page of tables.
—
Miles Date
of
of
see notes
Size, or
Par
Road. Bonds Value.
Amount
Outstanding
Bonds— ITinolINTEREST OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
Rate per
—
Western Maryland (Concluded)
xy Pot. Val., lstM.,$2,OO0,00O,g.,BU.m:eBa.o*Ar
5g.
31 1891 $1,000 $1,300,000
BRSHI P OF A ll (y) o k Majority OF STOC
6
48,500
500
3 1879
xyBalt. A Cumb. Val. Ry., lstmort.. Int. rental.
72,800
6
5 1879 100 Ao
xyBalt. A Cumb. Val. RR., 1st mort., Int. rental
390,600
5 A7
50
IB. & C. V. RR. Ext., stk., gu. ($270,000 oar. 7% *27
230,000
6
1881
1,000
1st mortgage, Interest rental. Ba
32 1886
1,000
690,000
5g.
xzBalr. & Harrlsb. RR mort gold .OTeBa o*
15 1888
240,000
1,000
5g.
xyBalt. & Har. Ry., W. Ext. M., g gu.OToBa.o'
50
20,000,000
586
WesternN. Y. Pennsylvania—Stock (see text)
586 1887
1,000
9,990,000
5g.
West. N. Y. A P. 1st to.. ($10,000,000) gold, (tte.o*
o*
586 1895
1,000
10,000,000
General M., $10,000,000, gold, see text. I'm
1895
1,000
10,000,000
Inoome bonds, $10,000,000, gold, non-oum.FPo*
Wettern North Carolina -See southern Ry.
1903 l.OOOAo See text.
red. \ 05 Bc\fer
5g.
West. Pae.— 1st M., $50,000,000, g.,
Western Pennsylvania— Bet Pennsylvania RR.
187 1886
1,000
2,000,000
Wheel' a <£ Lake Erie— 1st M.. Lake E. Div.,g Ule.O*
50 1888
1,000
894,000
5 g.
1st M. Wheel'g Dlv., $ A * (2d on 187 m.Jg.Ce.o*
1,000
409,000
Exten. and Imnr.mort. ($1,900,000), gold Ce..o* 260 1889
451 1899
1,000
11,697,000
lstoonsol. mortgage, gold, $15,000,000. 1?Ie...o*
25 1896
500
150,000
Pittsb Lisbon * West. Ry., 1st M., red. at 105...
o*&r
1905
1,000
See text.
Gen. mortgage, $35,000,000, gold.Ce
1905
8,000,000
Notes.g.sec.by$l'2, 000,0' '0 4s gu.p.&cred.par.N
1S83
50.000
Toledo DookACoal Co. 1st M., Int. paid as rental
547,014
Car trusts, July, 1904, pay'ble m'thly, qr. & ann.
f ., see text. [Tie
1902
1,000
2,152.000
Equipment bonds, $2,500,000, g., 8.
5g1904
1,000
510,000
Equipment trust notes, gold, due $51,000 yearly
4*a g.
10 1900
M., $2,000,000, g., s.f.gu.p.&i oAr
1,000
1,485,000
Wheel. Term.— 1st
I g
63 1900
1,000
600,000
5 g.
White <& Bl'k Biv. FaMstM.$800.000,g.,int.gu.F.o*
£10 £1,375,000 See text.
White Passdt Yukon— Stock £1,700.000
110 1900 £10, Ac
£746,702
5
Consol. 1st mort. deben. stock, red. after 1920.
1901
£100
£255,555
6
Mortgage debentures (navigation bonds) red
"18 1895
$230,000
$500
Wichita Falls-lst mort., g., red. at 1( 5, s. f.SSt.o
6g.
Lines Leased (x) and Controlled by
,
Own
,
,
<£.
,
—
-
Piedmont A Cumberland, West Va Cent. A Pitts. Belington
Beaver Creek Ry and Coal & Iron Ry. V. 81, p. 509, 900, 1243.
Valley,
A
Road.—The road embraces:
,
,
Cherry Run
Cumberland
Lines Owned (Con )
Miles.
106 4 W. M. Tidewater RR.at Bait. 6.0
Miles.
to Cumberland.. 53.0
112 3
to Elkins
Belington to Weaver
Elkins to Durbin
Elkins to Huttonville
Branches
59
47 1
17 6
30 9
Total owned
385.2
Lines Leased— (150.8 m.)
Bait. A Cumb Val. and Ext. 134 1
Bait. A Harriabnrg
H97.6
Washington* Franklin
1119.1
USee this Co.
Total operated
536.0
Above includes oonnpotlng link from Big Pool, opposite Cherry Run>
W. Va., to Cumberland, Md., 59 miles, to be completed about Jan. 1,
1906, enabling the company to operate its system as a through route
from the coal Melds to Baltimore.
Stock.— Common stock, $60,000,000; outstanding Tune, 1905, oom"
mon, $15,685,400; 6 p. o. non- voting preferred, $324,000.
Bonds.—The new 1st 4s of 1902 (authorized issue $50,000,000)
cover the entire property and the stock of the proprietary and leased
lines; also all of the stook of the unbonded Davis Coke & Coal
Company, which owns 100,094 acres
of
coal
land,
7,000
acres of iron ore lands and coal mines producing about 2,000,000 tons
of ooal and coke yearly, of $25,000,000 first issue, $3,500,000
the 60-mile extension from Cherry Run,
is being used to build
West Va., to Cumberland, Md., to oonnect the West Virginia Cent'l
and the West. Maryland, f The remaining $25,000,000 was reserved as
follows, viz.: $7,481,300 to take up at maturity all above existing
bonds of Western Maryland leased lines and the West Va. Cen. A
Pitts, system, and $17,518,700 (of whioh $6,924,000 has been Issued)
under oareful restrictions for adiltions and development of property
of the two railroad oompanie% and providing terminals in Baho. V.
75, p. 550, 850; V 79, p 1024; see V. 79, p. 2692, and V. 81, p. 266
V. 80, p. 473. 1914; V. 81, p. 614
In Oot 1905, the first mortgage was a direct first lien on 157 miles,
and, through a conveyance of the West Virginia Central A Pitts.
and
other proprietary
companies beoame a direct second
lien on 227 miles additional, subject to $6,200,000 divisional Hens; it
also oovers praotically all 'he stook of proprietary and leased companies ownlag 13 L miles of road in Pennsylvania and Maryland, subject t» $1,281,301 underlying bonds, making a total of 515 miles covered di'eotly or indirectly.
The general lien and convertible mortgage seoures $10,000,000 of 4
per oent 50-year bonds, interest for the first three years (to Oct. 1,1905,
Inclusive) being payable only if earned. V. 75, p. 850; V. 76, p. 49.
Report.—Report of syndicate managers, giving consolidated balance sheet June 30, 1905, etc V. 81, p. 1240.
Earnings.— The earnings for the years ending June 30 were:
Twelve
Gross
Net
MisceWs
Other
Tolal
months
earnings,
earnings
credits.
income.
net.
1904-05
$3,900,247 $1,483,678 $110,297 $428,311 $2,022,287
190304
3,633,097
1.3S9.666
44,311
511,723
1,915,700
For 10 mos. ending Apr. 30, 1905, total net income, $1,752,612;
charges, $1,506,508; bal., sur.. $246,103.
For ye<*r ending June 30, 1904, including West Va. Cent. A Pittsburg: Gross railroad earnings, $3,757,192; net (over taxes), $1,433,977; net profits ooal and other departments, $511,723; total net inoome, $1,945,700; charges, $1,545,258; bal., sur., $100,442.
President, Winslow S. Pierce; Vioe-Pres. F. S. Landstreet. Directors
(Oot, 1905), V. 81, p. 1243. -(V. 81, p. 976, 124o, 1243.)
Western
York &. Pennsylvania Ry.— Owns Buffalo to
Emporium, Pa., 118 miles; Buffalo to Oil City, Pa., 136miles; Oil City to
Olean, 110 miles; Rochester to Hinsdale, 99 miles; Stoneboro to Mahoningtown 38 miles branches, Including proprietary lines, 99 miles;
;
,
,
New
;
total owned,
600 miles; leases, 45 miles.
Organization.— Reorganization March 18, 1895 (per plan in Supple-
ment
of January, 1895), of the Railroad, foreclosed Feb. 5, 1895.
In 1900, the Pennsylvania RR. purchased $19,402,686 of the stook
at $9 per share. $9,165,000 income bonds at $300 per bond, and
on Aug 1, 1900, took the road over under lease. V. 71, p. 31, 85;
V. 70. p. 843, 1096, 1150. The new lease, made for 20 years from Aug.
1, 1903, is to continue thereafter from year to year, subject to termination at any time on 60 days' notice. V 75, p. 1255.
Bonds.—Abstract of Western N. Y. A Pa. 1st mortgage in V. 47, p.
109. On Dec. 31, 1904, $395,000 inoome bonds were in the treasury.
Mortgages and groundrents payable Dec. 31, 1901, $>36,158.
Annual Report.— Report for 1904 was given in V. 80, p. 1476.
Calendar years.
Year end.
1904
1901.
June, 1903.
Gross earnings
$5,341,975
$5,685,787 $5,116,343
Netearuings
277,598
473,205
33.289
Interest charges on 1st mortgage
499,500
499,500
499.500
Int. on gen. mtg. (see above)....
400,000
400.000
400,000
Taxes. 118,463
109,369
105,276
Cartr.dts and other interest ..
221,302
134.100
119,9^3
Miscellaneous & extraordinary.
227,112
647,635
434,029
'
>
Balance, surplus
-CV.76,
p.
209;
A J.
J. A J.
J. A J.
J. & J.
J. A J.
M. A N.
M. A N.
J. A J.
J.
K
(Z).
Baltimore, Hlllen St'n. Jan. 1, 1941
See statement of each oompany.
Bait., Farm. A Meo. Bk. July 1, 1929
do
do
July 1, 1929
do
do
July 1, 1905
do
do
July 1, 1931
do
do
Nov. 1, 1936
May
1,
1938
N.Y.,N.Y.Seo'y&Tr. Co. Jan.
do
do
Apr.
A. A O.
Nov. 1. Fid. Tr.— When earned. Apr.
1,
1,
1,
1937
1943
1943
M.
A.
J.
P.
M.
J.
F.
P.
F.
J.
J.
F.
J.
A
A
A
A
A
A
A
A
&
&
A
A
&
S.
A
J.
J.
&
A
do
New Yorkand SanFran
Sept. 1, 19 J 3
O. N. Y.. Mercantile Trust Oct. 1, 1926
July 1, 1928
N. Y., Central Trust.
J.
do
Feb.
Trust Sept.
Tr.Oo July
Aug.
do
A.
S. N. Y. , Mercantile
J. N. Y., Bowl.Green
A.
A.
A.
Aug.
To
J.
N. Y.,
Mere Trust
New
D.
A.
Co.
1,
1,
1,
1,
1,
1930
1949
1926
1955
1908
April, 1911
Jan.
1.
1922
Deo'05-Dec'14
Aug. 1, 1940
York.
Office, Pittsburg.
N. Y., First Nat'l Bank. June 30, 1980
Moorgate St. ,Lon. July 17,'05,2%
do
do
Deo. 31, 1930
J.
J. Lon., Glyn,M.,C.ACo. Jan. 1, 1911
St. Louis, Mo.
J
Jan. 1, 1925
J.
See text
J.
do
Off. , 7
Western Pacific By.— Under construction from Salt Lake City,
Utah, to Oakland (San Franoisd ) with branohes, about 930 miles,
In Feb., 1904, the Alameda & San Joaquin RR. Stockton to Tesla Cal.,
30 miles, was aoqulred. V.78, p. 822. Iu Mar., 1905, control of the Booa
& Loyalton, Boca to Beckwith, etc., 56 miles, was purohased. V. 80. p.
1425. The Denver A Uio Grande and Rio Grande Western own twothirds of the stock and jointly and severally atree to meet any
deficiency in earnings to provide interest on bonds. V. 80. p. 1730.
In Aug , 1905, contract, for 500 miles main line was let. V 81, p. 778.
Stook authorized, $75,000,000; par of shares, $100. V. 81,
see table above.
p. 728. Bonds, $50,000,0 0, have been sold;
V.78, p. Ue8; V. 80, p. 1480; V. 81, p. 32. As to authorization of
new $25,000,000 2d mortgage, see Chronicle Oot. 28, 1905.
Pres, E. T. Jeffery; Vlce-Pres. and Gen. Couusel, W. J. Bartnett;
Vice- Pres., Jesse White; Viee-Prea. and Chief En g., Virgil C Bogue;
Treas.. J. Dalzell Brown; Sec, B. M. Bradford; Asst. Sec, L. R. Bush,
New York. Directors, June, 1905, V. 79, p. 1267; V. 80, p. 2623.— (V.
.
,
Lines Owned.— (3P5-2m.)
Bait Md to Cherry Run
151
def.$l,188,784 df.$l,317T399 df$l,525,469
V. 77, p. 825; V. 78, p. 1499; V. 80, p. 1364, 1476.)
81, p. 1176.)
Wheeling Terminal By.—Owns
a railway bridge at Wheeling,
track. Sucoessor of Wheeling
Bridge A Terminal Ry., foreclosed In 1900.
Stock.—$2,000,000,
all owned by Pennsylvania Oompany, which guarantees principal and
interest of bonds, of which *500,000 are reserved for additions and
W. Va.,and about 10 miles of terminal
improvements; mortgage trustee, Commercial Trust Co. of Phila.
Form of guaranty, V. 76, p. 655. Penn. RR. on Jan. 1, 1905, owned
$1,263,000 bonds. For year ending Dec. 31, 1904, gross, $194,987;
net, $113,975; Int., $59,400; improvements, etc, $51,925; bal., but.,
$2,650. Sec, 8. B. Liggett.— (V. 76, p. 655.)
Wheeling Lake Erie B .— See Map of Wabaih RR.) Includes:
Miles.
Lines owned.
Miles.
Toledo, O.. to Martin's Ferry. ..218 Cleveland Belt
6
Cleveland to Zanesvllle, O
144 Branohes owned
46
Canton to Sherrodsville
45 Branches operated, not owned. 23
&
—
B
t
Toledo Belt Line
5
Total July 30, 1904
488
History.—Successor May 1, 1899, per plan in V. 66, p. 1142, of W.&
L. E. Railway, foreclosed. V. 68, p. 830.
Wabash-Pittsburgh Terminal Ry. (which see above) acquired in 1904
following amounts of the stock, $11,870,000 common, $6,423,800 2d
pref and $847,500 first pref stock V. 78, p. 2386, 2444.
The Zanesvllle Belt & Terminal Ry. has been operated slnoe Jan. 1,
1902, under a temporary agreement. V. 74, p. 207. The W. A L. E.
RR. owns majority of the stock of the Pitts. Wheeling A Lake Erie Coal
Co., leased in 1901 for ten years to other parties. V. 70, p. 799, 741.
Stock—Common stook authorized, $20,000,000; 1st prof., 4 p. o.
non-oum., $5,0u0,000; 2d pref. 4 p. c. non oum., $12,000,000; outstanding common, $20,000,000; 1st pre!., $4,986,900; 2d pref, $11,993,500; par of shares, $100. See "History" above.
Bonds.— The mortgage of 1899 seoures $15,000,000 gold 4s, of which
$3,328,000 are reserved to retire at maturity all underlying bonds.
V. 68, p, 1027; V. 69, p. 29. They are a first lien on 202 »a miles and
oover 248^ miles additional, subjeot to the outstanding divisional
bonds. V. 74, p. 1040.
Under the consol. mortgage, all underlying bonds, as exchanged, must be oanoeled. (V. 71, p. 391; V. 70,
p 896, 998.) See application to list, V. 71, p. 34, 542; V. 72, p. 534,
628; V. 74, p. 1040; V. 77. p. 2392. As to new 4s of 1905, see below.
Equipment bonds of 1902 may be purchased at not exceeding 105 and
Interest or drawn by lot at 108 and interest (or the sinking fund may
be applied to the purchase of additional equipment) to the following
amounts: $75,000 for 4 years, beginning Jan. 1, 1903, then $100,000,
$125,000, $150,000 and $175,000 yearly for each successive period of
4 years to date of maturity. V. 74, p. 578. In Dec 1904. $S0 1,000
equip, trust notes, secured on 1,000 coal cars, were sold. V. 7.9, p. 2644.
General Finances. The stockholders in 1905 authorized a general
mortgage to secure $35,000,000 of 50-year 4 per oent bonds, of which
$15,000,000 is reserved to retire underlying bonds aDd $20,000,000
for future purposes. In Aug., 1905, $*, 000,000 notes secured by
$12,000,000 general 4s we>e sold for double-tracking and other Improvements and equipment. V. 81, p. 6b9, 778.
Latest Earn's.— 2 mos. > 1905
Gross, $891,498; net
July 1 to Aug. 31.
Gross, 746.6P0; net,
J1904
Report.— Report for the year ending June 30, 1904. was in V. 80»
p. 219. In 1903-4, of 5.7?2,524 tons of freight carried, products of
mines furnished 6811 per oent (bituminous coal. 5112 per cent).
Year—
Gross.
Net.
*Oth inc. Int., lax., etc. Bal., sur.
1904-1905.... $4,595,607
$956,471
1903-1904. ... 4,325,282
1,049,983 $70,198 $1,056,527 $63,654
1902- 1903
12,681
4,234,771
989,028
1,001,709
....
" Balanoe of cash assets turned over by reorg., etc, committees.
Officers.— Chairman of Board, Myron T. Herriok, Cleveland; President, F. A. Delano, St Louis; V.-P., B. A. Worthlngton, New York;
Secretary and Treasurer, H. B. Henson, New York.
Directors —George J. Gouid, Edwin Gould, Cyrus J. Lawrence, Winslow 8.
Pierce, Alvln W. Krech and W. B. Connor of New York; Joseph Ramsey Jr.
of St. Louts; Myron T. Herrlck, George A. Garretson, E. W. Ojjlebay. H. P,
Mcintosh, Robert Blickensderfer, Dan, R. Hanna and William G. Mather «f
Cleveland, and C. M, Spitrer or Toledo, O.— (V 8i,p. 609, «69, 778. 1045.)
Brinkley to Jaoksouport,
White 6c Black River Valley
Ark., 63 miles. Leased for 80 years from July 1, 1900, to the Chootaw
Oklahoma A Gulf RR. for guaranty of interest, Indorsed on bonds.
Stock authorized, $1,875,000; paid in, $323,000. Of the $600,000
'.
.
,
.
RR.—
152
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
.
INDUSTRIAL STOCKS AND BONDS
Oct., 1905.
RAILROADS.
Miles
Date
or
Size,
INTEREST OR DIVIDENDS.
Per When Where Payable, and
Amount
of
Par Outstanding Rate
of
For explanation of column headings, Ac, see notes
Cent.
Road. Bonds Value.
on first page of tables.
51
Wien.Vat.— lstM.,in. red.to3% toJuly,'07g.lYlco*&r
Wilkesbarre <£ Eastern— See N. Y. SU8Q. & West.
Wilkesbarre <6 Scranton— Stock, 5 per cent rental..
5
5
First mortgage gold, guar. p.Al. by L. C. & N. Co.
12
Williams Vulley 1st mort., $120,000 authorized.
47
Williamsport A No. Br.—1st M., $750,000 g.FP.C
Wilm. Oolum. <t Aug.— See Atlantic Coast Line CO. OF
Northern.
Willmar <£ Sioux Falls— See Great
88
Wilming. <£ North.— lstM.,call in 1907, int. guar..r
88
General M., $1,000,000, g, p.& i. gu.. end. PeP.r
See Atlantic Coast Lin E RR.
Wilmington & Weldon
Winona Bridge— 1st M., gold, s. f.,r'd. at 110.F
Wiseas. Waterv.4 Farm.— 1st M., $1,000,000, red..
Wise. Cent. Ry.— 1st gen. M., g. $27,000,000 Us.c*
103
105 after 1910.
....
.
Minn. Ter. M.,
Marsh.AS
g.,
subj. to call at
E.dlv. lstM.,g.,subJ.to oallat 105.
Car trusts due
AAO
I
All
33
s
Equipment trusts, gold, due $60,000 yearly. Mp
Note seoured by collateral; see texto"
A
&
122
66
Minn. 1st M., gold, assumed.
Lake Win. 1st mort., gold, assumed... c*
Chic. Wisconsin
Mllw.
....
Wis. Cent.
RR.
416
54
con. M., 1st series, gold, ass'd.e&r
Mp
Wisconsin 4 Mich,— 1st M.,g., $951,000
Gen. mortgage, gold; see text. EC
Wise. Minn. <t Pacific— 1st M. (see text), gold. Me.c*
Woonsocket <£ Pose,— 1st M., int. gu. City of Woon.c
Worcester Nashua A Rochester- Stook ($3,600,000).
Wor. AN as. ( Wor. Nashua A Rooh. RR. bonds. . .C
letM. of
79 secures
do
do
do
all equauy.
Tosemile 8h*rt Line Ry.— See
I
i
(.
271
9
94
47
47
1890 $1,000
50
500,000
500,000
See text.
530,000
1,000
500
1,000
1887
1892
500
1,000
Y. 72, p. 582; V. 74, p. 479.
;
RR.— Owns
from Eyers to Seymour, Tex., 75
Successor iu Oct 1905, to Wichita Valley Ry the Col. A Sou
it was expected, to shortly take over oontrol.
V. 81, p. 1243. In 5 897
interest was scaled to 3 per cent to July 1, 1902, inolusive, and again
in 1902 for 5 years to July 1, 1907, inolusive. Land and income notes
(6s), $123,617; Inc. notes (5s) $68,249.
V. 67, p. 224; V. 76, p. 160.
Earnings. -7 months, > 1905
Gross, $47,913; net, $28,815
Jan. 1 to July 31.:
...Gross, 25 987; net,
U904
7.914
Surplus over 7 mos. charges, $: 5,358 in 1905, against def. $5,543.—
(V. 78, p. 1277; V. 81, p 1243.)
Wilkesbarre &. Scranton Ry.— (See Map Central RR. of N. J.)—
Owns from Scranton to Minooka Junotion, Pa., 5 miles, of which l 1*
miles is double track. Leased from May 1, 1888, to Lehigh Coal. &
Nav. Co. (which holds all the stock) during oorporate existence
less one year, at $47,500 per annum and taxes. Lease assigned to
Central of N. J. at 6 per cent on oost of road ($1,089,582) and taxes.
William's Valley
Brookside to Lykens, Pa., 12 milesStock authorized, $120,000; outstanding, $90,000; par of shares, $50.
The 5s of 1903 were to retire at once the $87,000 of 6s due Deo.
1, 1911, the remaining $33,000 for improvements. V. 78, p. 1393.
For yearending June 30, 1904. gross, $26,790. President and Gen
.
;
,
RR.—
Mgr., O. M.
Kaufman. Tower
City. Pa.
Williamsport & North Branch
(V. 78,
p 1393.)
RR.—Hall's to Satterfeld, Pa.,
br., 47 miles; leases Eagles Mere RR., 10 miles; total, 57 miles.
Stock (authorized, $2,000,000) common. $925,362; preferred, $400,•00; par $50. The 4»«8 of 1901 cover the road and 3,000 acres of
coal lands in Sullivan Co., Pa., $250,000 being reserved for exten
ions. V. 72, p. 990, 1280. Equipment trusts June 30, 1905. $60,000.
Earns.— 2 mos.. )19<>5
Gross, $38,283; net. $18,010
July 1 ts Aug. 31. S 1904
Gross. 36,311; net, 10,549
Surplus over 2 mos. charges, $12,378 in 1905, against $5,011.
Pres., S. D. Townsend, Hughesviile, Pa.jSec.landTreas., H. C. Adams, N. Y.-(V. 78, p. 2386.)
and
Wilmington & Northern RR.—Owns Wilmington, Del., to
Highs Junotion, Pa., 71 miles branohes, 17 miles total owned, 88
miles trackage to Reading, Pa., etc. 4 miles. General mort. bonds are
reserved to retire first mort at maturity. The Reading Co. owns practically the entire $1 500,000 capital stock, which (s deposited under its
collateral trust mortgage. The road is leased to the Phila. A Read. Rv.
for 999 years from Feb. 1, 1900, for interest on $760,000 bonds and 3*s
p c. div. on stock, payable quarterly (Q-F-15). V 70, p. 127, 998; V.
71, p. 758 The stockholders voted May 1 1905, to issue $240,000 general mortgage bonds for extensions or branches; none issued to
June, 1905 V. 80, p 1425. (V. 80, p. 1858.)
Winona Bridge Railway.— Owns bridge between Winona,
Minn., and Buffalo, Wis., 1 03 miles; opened Sept. 1, 1891. Leased for
30 years to Chicago Burlington A Quincy and Green Bay A Western,
the former, it was reported in July, IS 03, acquiring about two- thirds
and the latter the balance of the $400,000 stock. V. 77, p. 252.
Stock.— $400,000; par, $100. Year ending June 30, 1905, gross, $25,;
;
;
,
,
035; net, $17,951; charges, $19,966;
WIscasset Waterv.
bal., def.,
$2,015.
N. Y. Mercantile Trust.
J
Deo. 31
M.
Phila.,
4^g
J.
J.
A
A
A
5
354,000
406,000
1,000
384,000
1901 100 Ac
671,800
1899
1,000 23,748,000
1900
1,000
500,000
1901
1,000
428,000
401,175
1902
415,000
1905
*•>>>.
1,000,000
1885
1,000
776,000
1882
1,000
604,000
1879 500 &0.
656,000
1895
1,000
951,000
1905
1,000
See text.
1900
1,000
5,796,000
1890
1,000
100,000
100
3,099,800
1886
1,000
150,000
1893
1,000
511.000
1890
1,000
735,000
1895
1,000
380,000
1901, 5 p.c; in 1903, July. 2*a p.c; in 1904, Jan., 2^ p.c; July, 2»«p.c
1905, Jan., 1^ p. c; July, 2 d. c.
Report for year ending June 30, 1904, was in V. 79, p. 2638, showing
net profit above interest on debentures and debenture stook, £58,137;
brought forward from last year, £44,326; total, £102,463; dividend
4 p. c), 455,000; baL.sur., £47,463.
Pres. of the local (tubsidiary) companies, 8. H. Graves, Mackinnon
Bldg., Vancouver, B. C, Canada. 8ec, F. C. Elliott.— (V. 79, p. 263S.)
Wichita Falls Ry.— Henrietta, Tex., to Wichita Falls, 18 miles
Operated bv Missouri Kansas A Texas Ry. under contract extending
to Jan 1, 1930, providing for division of rates. Stock, $20,000.
Year ending June 30, 1904, gross, $i9,837; net, $36,297; int. and
inking fund, $16,240; divs., $20,057.-(V. 73, p. 1161; V. 71, p. 865.)
Wichita Valley
A
5
J.
A D
Phila.,
Q.-F.
do
5g.
1890
Dividends.— First oash diviaend of 5 per cent paid Apr. 22, 1901,
and also in August a 25 per cent stook dividend, the two together rep
resenting the profits of the first three years to June 30, 1901; Dec,
miles.
Whom.
4iflg.
5 g
5 g.
(V. 77, p. 252.)
& Farminglon RR.— See page 464.
Wisconsin Central Hail way.— See Map)— System extends
from Chicago to Ashland, Wis., and Lake Superior iron mines, also to
St. Paul and Minneapolis. By the extension to Manitowoc and the car
ferry across Lake Michigan, connects with the Pere Marquette and has
a short line to the East. V. 63. p. 117. The system includes:
Lines owned.—
Miles.
Lines owned. —
Miles.
Chic, to Trout Brook Jet., Wis.452 Other branch?*
49
Abbottsford to Ashland, Wis... 133 Trackage to Chi*., Minn., etc.. 32
Branch to Bessemer
34
Rugby to Milwaukee, eto
28
(
Stevens Point to Portage City. 71
Spurs to industries (65 miles
Neenah toManitowoc(14 jntly) 44
unoperated)
167
M arshfleld to Nekoosa
33
Grand total (inch spins operated 102 miles and unop. 65m)... 1,043
Extension from Owen to Ladysmith, 45 >a miles, under oharter of
Owen A Northern Ry., will be opened Jan., 1906, extensions to be
M.
J.
4g. J.
3»3g. J.
4 g. M.
419AS
5g.
A.
J.
6
5
g.
5
g.
g.
4
4
5
5% in
g.
05
4
4
do
do ...o*
47
do
47
Sierba Rr. of Cali FORNI A.
do
do
do
pal, When
by
Payable
(5) J.
5
Bands— Princi-
do
N.
108 So. 4th
do
Due
Stocks— Last
Dividends.
July
1,
194©
Deo. 31, '04,
St.
May
D. Tower
City (Pa.) N. Bb,
J. Phila., Fidelity Tr. Co.
1,
1,
1,
Dec.
July
5%
1938
192©
1931
8.0.
bonds outstanding, $100,000 have coupons out off for the first ten years
and $200,000 are reserved for extension to Batesvlile.— (V. 72, p. 189.)
White Pass & Yukon Ry.— Owns a narrow-gauge line 110 miles
In length, extending from Skaguay, Alaska, to White Horse. (V. 69,
6335; V. 67, p. 1162, 1138); also operates steamers between White
orse and Dawson City and Caribou and Atlln. V. 73, p. 443; V. 75,
p. 1300. Incorporated nnder English Companies Act.
Securities.— Of the stook, £255,555 is reserved to retire a like
amount of debentures.
~3
$769,000
1888
1903
1901
153
4
4
built thence to Superior
Superior
A S.
A J.
A J.
A J.
A N.
A O.
A J.
A S.
A J.
A J.
& J.
A A
A O.
A O.
A J.
A J.
A J.
A J.
& O
Read'g Term'l.
do
1907-1927
Aug. 1, 1932
209 Adams St., Chicago Sept. 1,1915
July 1, 1931
Phila., Real Estate Tr
July 1, 1940
Jan. 1, 195©
May 1, 1951
New York,
To Oct 13. '12
y Maitland, Coppell
July 1, '06-12
Co.
•(
&
I
I
I
do
See text.
New York.
do
R.
N. Y., Blair & Co.
I. Hos. Tr. Co., Prov.
Bos.,
Apr.
Mch.
July
Jan.
Jan.
Feb.
1.
1,
1,
1,
1,
1,
1,
1,
Oct.
Oot.
1906
1916
1912
1909
1945
1955
195©
1910
Am.Loan ATr.Co. July 1/05,3%
Jan. 1, 1906
do
do
do
do
do
do
do
do
Jan.
Jan.
1,
1,
1,
Oct.
and Duluth, 112 miles, undf-r charter
1913
1930
1934
of Lake-
& Southeastern RR., capital stook of both roads being owne d
V. 81, p. 1263.
Organization.—Successor July, 1899, of Wisconsin Cent. Co., foreclosed per plan V.68, p. 725; V.69, p. 29, 83, 133, 182. See V.70, p. 433.
Stock.— Stook authorized, common, $17,500,000; pref. 4 p. 0. nononm., $12,500,000; outstanding, common, $16,147,876; pref., $11.267,104; par of shares, $100. After 4 per cent dividends on both
classes shall have been paid in any year, both shall participate equally
in any further dividends for such year. The preferred has the right toelect a majority of the directors in case of failure for two successive'
years to reoelve 4 p. c. per annum.
Bonds The new 1st gen. gold 4s ($27,000,000 authorized) are
secured by a mortgage upon all the lines of railway, terminals, equipment and other property acquired thereby, and also by deposit of alii
securities owned or acquired under the plan; in July, 1905, $2,240,05©
—
were reserved to retire underlying bonds still outstanding Of the
up to July, 1905, $892,000 were purchased in the open
market and canceled. V. 75, p. 734. 1204; V. 77, p. Iv36.
An issue of $5,000,000 five-year 4*2 p. 0. gold notes dated July.
1905, has been authorized, seoured by pledge of securities of Owen A
Nor. ane Lake Sup. A 3. E as collateral. Of th^se $1,000,000 hae
been pledged to secure a temporary note for $1,000,COO, due April 1,..
generals,
1906.
V. 81, p. 1176.
Earnings.— For 2 months ending Aug. 31:
2 mos.—
Net.
Oth. inc.
Gross.
Interest, etc.
Bal.,sur,,
$484,181 $4,650 $299,796
$189,035
$1,232,398
5,742
294,711
475,692
186,623
1,180,863
Report.—Report for year ending June 30. 1905, at length, was in V.
81, p. 1237, 1263; see also edit. p. 1209. Of the total freight traiflo in
1900-1 (3,437,902 t< m) 27-07 p. 0. was iron ore and 2683 per cent
lumber and forest products. Iron ore contributed 9 -67 per cent off
the ton miles hauled and 8-57 per cent of the freight earnings. Average
rate per ton mile in 1904-5, 666 mills, against 971 mills in 1893-4.
1904-05.
1903-04.
1902-03.
1901-02.
Gross earnings
$6,650,883 $6,466,176 $6,651,862 $6,041,47©
Operating expenses. .. 4,374,336 4,3a2,439
4,205,993 3,883,374
1905
1904
Net earnings
Total net income
$2,445,869 $2,158,096
$2,484,299 $2,195,173
1,760.227 1,715,068-
$2,276,547 $2,123,737
$2,319,384 $2,174,933
Fixed ohar., taxes, etc. 1,763,541 1,750,686
Sur.forthel2mos.... $555,843
$424,247
$724,072
$480,105Directors.—John Crosby Brown. William L. Bui', James C. Colgate. Fr«d
T Gates, Gerald L. Ho?t. W. A. Bradford ir.. Newman Krb and Geo. M. Cuncmic(f. New Vork; Henry F. Wnltcomb acd Howard Morris of Milwaukee; William F. Vilas, Madison, Wis.
Officers.— Chairman of the Board, Wm. L Bull; President, Henry F. Whitcomb. Milwaukee; Comptroller and Auditor. Robert Toombs, Milwaukee.
Treasurer, William R. Hancock, Milwaukee; Secretary Chas. M. Morris. Milwaukee; Asst See. Joseph 8. D-ile. New York. N. V. office, 63 William Street,
(V. 7w, p. 1636, 1650; V. 80, p. <2I; V. el, p. 8*2, 1176, 1437, 1263.)
& ITIlchigan Ry.—Owns from Qulnneseo, Mich.,
Wise, 73 miles; trackage, 8 miles. In May, 1904, logging railway Pemblne, Wis., westerly 42 miles, was purchased. V. 78\,
From Peshtigo oars are taken by Lake Michigan Car Ferry
p. 2013.
Transportation Co. to Chicago. In July, 1905, contracts were let for
extension |from Iron Mountain to Superior and Nor way 8*x>ok, $951^500. authorized June, 1905, to he increased to $5,0C0,000;| par value*
$100; current liabilities June 30, 1903, $1,440,229. Last coupon on
1st mortgage bonds paid was that maturing July 1, 1898. Of the genWisconsin
to Peshtigo,
eral 4«, *1,800,000 vere issuable a: once, $2,500,000 for equlp-nenft
after July 1, 1901, $1,200,000 are reserved to retire the outstanding
let 5s and $20,000 are issuable per mile of single track above SO
miles owned July 1. 1904, with $10.0
per mile of 2d main track. V r
81, p. 842. Pres., J. P. Hopkins, Chicago.— (V. 81, p. 560, 842.)
Wisconsin Minnesota & Pacliic RR.- Red Wing, Minn., te
957 miles; Red Wing to Osasre, la., 118-2 m.; branch to Clay
Mankato,
Banks, 2*9 m.; Winona to Simpson. Minn., 54 2 m,; total, 271 milesi
Stock, $5,893,400, all owned by the Chicago Great Western Ry., whicls
company operates the road as a part of its system under an agreement,
dated Apr. 1, 1901, running lor 100 years, providing that all net earnings above interest on bonds shall go to the Great Western; ac>counts kept separately. V. 73, p. 566.
Report.— For the year ending June 30, 1905 (271 average miles>,.
inV.81,p. 906, shows: Gross, $675,418; net, *282,212; interest, $164,520; bal., but., $117,692.— (V. 73, p. 844; V. 80, p. 1858;SV. 81, p. 213.>
-
Worcester Nashua
&
Rochester
RR.— Owns from Worcester
via Nashua to Rochester, 94 miles. Leased for 50 years from Jan.
1886, to the Boston A Maine; rental $250,000 and taxes.
DiVds- ) 1887-93 '94 '95 '96 '97 "98 '99 '00 '01 '02. '03. '04. 1905,.
Per cent S 6 yearly 5
5
5 5H i'a 4 5% 5 4H 53t b\
5
In 1904 and 1905, Jan., 2\ p. c; July 3.— (V. 76, p. 1409 )
Tennille, Ga., to Hawkinsville,
Wrightsvllle Tennille
76 miles. V. 69, p. 189. Stook, common, $230,000; pref $70,000; par
pref. and $104,300 common.
$25. Cent, o.' Ga. Ry. owns all
Dividends, long, 6 to 7 p o. yearly; 1904, Jan. 1, 4 p. c; June 30&
3 p. c; 190 >, June, 6 p. 0. (inol. 3 extra). For year to June 30, 1905y
gross, $186,225; net, $72,35 7. In 1 03 i, gross, $167,587;) net, $42,302; other ino $7,376; taxes and improveni'ts, $10,5^0; div., $21,000!
bal., $18,088. Pres., A. F. Daly, Tennille, Ga.— (V. 77, p. 695, 1534. >
Yosemite Short Line Ry.—See Sierra Ry., Cal.
.
&
RR.—
;
,
.
INDUSTRIAL AND MISCELLANEOUS COMPANIES.
Some
The following pages (Nos. 154 to 173) contain the leading industrial companies.
found on pages 174 to 178, while various gas companies are on page 179.
MISCELLANEOUS.
Date
Size, or
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Payable
Cent.
Whom.
Amount
of
Par
For explanation of column headings, Ac, see notes on
Bonds Value. Outstanding
first page of tables.
Adams Express—Stook— 120,C00 eh.— par, notflxed, treat ed
Collateral trust mortgage, gold.Me
Allis- Chalmers— Common stock, $25,000,000
Pref., 7%, oum. (as to assets & dlv.>, $25,000,000, text.
$100 $12,000,000 See
as
1898 500 &o.
12,000,000
text. J.
M.
4 g.
100 19,820,000
100 16,150,000 See text
100 153,888,000 See text.
100 17,215,600
100 18,153,000 6 in 1905
Amalgamated Coppers-Stock, $1 55,000,000
Amer. Agricul. Chemical Co.— Stock, com., $20,000,000
Pref. 6 p. ot. cum. (as to assets and div.) $20,000,000..
additional statements will be
A
&
D.
Due.
Stocks— Last
Dividend.
by
New York, 59 Broadw'y June 1/05,4%
S.
M.
%
Bonds— Principal, When
F.
N. Y., Merc. Trust Co.
N. Y., 71 Broadway.
Cheoks mailed.
Mch.
Feb.
1948
1,
1, '04,
1\
Nov. 27,'05,li4
A. & O. N. Y., Office, 26 B'way Oct. 2, '05, 3%
1905
M. & 8.
nieh. 1, 1908
5,000
2,500,000
4>s
Notes, $2,500,0u0, red. 101 «»
By check.
Sep.30,'05,500
50
6
3,600,000
American Bank Note Stock
Q M
1902
Apr. 1, 1952
1,000
833,000
4*2 g. A.. & O. N. Y.; Bowl. Gr. Tr. Co
Debentures, gold
100 15,000,000
American Beet Sugar—Common stock, $15,000,000
6
100
Oct. 2, '05,li3
4,000,000
Checks mailed.
Q.-J.
Preferred stock, 6 per cent, non-cum., $5,000,000
6
M. & S.
Mar. 1, 1910
N. Y., 32 Nassau 8t.
2,700,000
Certs, of indebted., $3,000,000, red. atjpar Feb., 1908.. 1905 l.OOO&o
Oot. 2, '05, H»
100 41,233,300 Sin li 05 Q.-J.
Cheoks mailed.
American Oan— Pref. stook, 7 per cent, oum
100 30,000,000 See text. Q.-F. N. Y., Guar. Trust Co. May 2, '04, ifl
American Oar <t Foundry—Com. stook, $30,000,000. G..
100 30,000,000
See text
do
do
7
Oct. 2, '05,1 \
Preferred stock, 7 per cent, non-cum., $30,000,000. G.
100
6,000,000 12 in '04 M'nthly N. Y., Park Row Bldg. Oot. 20'05,1%
American Chicle—Stock, common, $6,000,000
100
do
do
Sep.30,'05,1 1*
3,000,000 6 in 1905 Q.-J.
Preferred, 6p. o. cum., $3,000,000
o 1901-2
1,000 10,000,000
4g. M.&S.15 N. Y., Morton Tr. Co. Moh. 15,'11-12
Amer. Cigar— Gold notes, gu. p. <fel.,red. 102*9
100 20,237,100 See text. See text N. Y., Winslow, L. & Co Deo. 1. '04, 1%
American Cotton OH Common stook, $20,237,100
100 10,198,600 6 in 1904 J. & D.
June 1, '05, 3%
do
do
Pref. stook 6% non-cum., sub. call at 105, $14,562,300.
o*
do
1890
do
Nov. 1, 1915
1,000
5,000,000
F.
Debentures, extended in 1900 (V. 71, p. 2374, 1010).
4»ag.
100
Treas off.,1 95 B'v.N.Y. Oct. 23, '05, 1
9,751,100 4 In 1905
Amer. Dist. Tel. Co of N. J. -Stock, $10,000,000 auth...
1905
1,000
100,000
4 g. m: & s, N. Y., Guard'n. Tr. Co, Sept. 1. 19? 4
N. Y. Fire Prot. lstf M., g., int. & e. f. gu.. red. par
100
3.844,700 2 in 1904 M. & N. Treas.off.,6Dey St.,N.Y. May 15,*05,1%
American District Telegraph of N. P.— Stock, $4,000,000
—
—
—
Adams Express.—Organization.—An association formed in 1854
but not Incorporated, operating on about 35,000 miles of railroad, including Penn., C. B. & Q., Ches. & Ohio, N. Y. N. H. A H.. etc
Bonds.—In 1898 treasury securities were pledged with Mercantile
Tr. Co. to secure (subject to prior indemnification of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 p. o. bonds.
These last were then distributed as a 100-p. o. dividend. V. 66, p. 470.
Dividends.— Long 8 p. o. yearly, but reduoed in 1898, on payment
Of 100 p. o. div. in bonds, to 4 p.o.; in Deo., 1900, to June, 1905, 8 p. o.
yearly, and in Mar., 1903, to 1905, inolus.,2 p. o. extra each from the
V. 76, p. 436; V. 77, p. 90; V. 78, p. 704.
Alabama Consol. Coal Iron.— See page 174.
Albemarle
Ches. Canal.—See this Seotion for July. 190 S.
sale of oertain real estate.
&
&
Allls-Cbalmers Co.—Organization.—Incorporated
in N. J. on
1901, to manufacture heavy engines, mining and other machinery, combining Edward P. Allis Co. and Fraser & Chalmers. V. 72,
p. 874, 937, 990. In July, 190 % was letting oontraots for some
$3,000,000 additions to Milwaukee plant. V. 80, p. 1858; V. 81, p.
266. Stock, etc., see V. 74. p. 1144.
In 1904 entered upon electrical, turbine and gas engine field, leasing
Bullock Eleotrlo Co. for 25 years (with privilege of renewal for 25 years
for 6 p. o. dividends on $l,500,000pref. stock and division of profits with
the $1,000,000 common stock. V. 78, p. 1111, 2439; V. 80, p. 713; V.
May 7,
81. p. 839,1101.
Pbbf. Drvs.—July, 1901, to Feb., 1904, 7 p. o. yearly; none sinoe.
Stock, Etc.—Preferred entitled to 7 p. o. cumulative dividends and
a further preference of 1 p. o. non-cum. after 7 p. o. on oommon, into
which it ts convertible, $ for $. on May 1 till 1921; no bonds.
Report.— Fisoal year changed so as to end J une 30. Report for the
14 months ending June 30, 1905, was given In V. 81, p. 839, showing:
Net profits over maintenance and depreciation ($1,077,999), $68,982.
Chairman of Ex. Com., E. D. Adams. Chairman of board, E. H. Gary;
Pres., Walter H. Whiteside; Treas., Henry Woodland; Vloe.-P. and
Sec, W. W. Nichols Comptroller, James A.Milne.
New dlreotors,
1905, V. 81, p. 842. Office, 71 Broadway, N Y.-(V. 81, p. 1101.)
Amalgamated Copper Co.—Organization, Etc.- Incorporated
on April 27, 1899, In New Jersey, and purohased oontrol as follows:
Capital Par
Dividends (p. c.)
;
—
.
"
Majority ttock acquired—
stock.
vol. '98. '99 '00. •01. OS 08. 'Ot.
Co_p. Min. (V. 78, p. 2018)..$30.00u.000 |*6 10
18 10 is 4
4
4
Bob & Mont.Con. Cop. & Sllv.Mln.... 8,760,000 26 64 144
140 24 82 956
Butte* Boston Con. Mln
2,i;00,000
10
BO
10
Parrot Silver & Copper Co
2,298,510 10 18 89 00 85 5
10
Hennessy Mercantile Co
l.Sf'O.OOO (?) (?) (?)
(?)
(?) (?) (?)
(?)
Also acquired all the following stocks: Washoe Copper Co., >5,00o,0i)o; Colo
rado Smelting & Mining Co., $2,600,"O0: Dlamondvllie Coal & Coke Co., $1,500,000; Big Black Koot Milling Co.. $700,000, and 'controls timber lands, coal
mines, railways, real estate, etc.. havlnv estimiited value of t50.0u0.0u0 over all
liabilities of the company" (compare official statement V. 72, p. 1281; V. 83, p.
Anaconda
m
Stock increased June, 1901, from $75,000,000 to $155,000,000, to
purchase Boston & Montana and Butte & Boston; V. 72, p. 1082; balance unissued reserved to acquire remaining shares. Litigation with
F. A. Heinze is pending; V. 80, p. 1480, 2394; V. 77, p. 512, 1295, 1875,
2340; V. 78, p. 585, 770. 822; V. 79, p. 214; V 81, p. 509. As to United
Metals Selling Co., see V. 76, p. 332.
Bonds —Only bonds are Bos. <fe Mont. 7s, $300,000, due $100,000
Nov. 1, yearly to 1907, and Butte & Bos. 6s, $1,500,000, due Apr.
V. 72. p. 1281. See V. 71, p. S4S. See V. 72, p. 777.
1, 1917.
Dividends
....< 1899. 1900. 1901. 1902. 1903 04.
1905.
Percent...* 2
8
7*2
2*2 2»« (Q F)
Seebelow.
In 1905, Feb., 1 p. c, ino). \, ex.; May, I p. c; Aug., IJ4 p. o.; Nov.,
lM P O.
Official statement of June. 190"\ with balance sheet of Apr. 29,
1905. showing properties owned, output, eto.. was in V. 80 p. 2394.
Earnings of constlt. cos. year ending June 1,1905 (V. 80, p. 2459.)
Officers.— President, Henry H. Rogers; See and Treas., A. H.Melln,
Directors: H. H. Rogers, Wm. Rookefeller, Wm. G. Rockefeller (resigned), A. R. Flower, H. H. Rogers Jr., Robert Bacon, Jas. Stillman
and A. C. Burrage. Office, 42 B'way, N. Y.— (V. 81, p. 669, 1045.)
Sugar" Item, V. 69,
Report for 9 mos. ending Mar 31, 1905
1249.
p.
in V.80, p. 1911. showed: Total income, $3,798, e 80; profit frcra oper"
ation, $1,117,795; cost of maintenanoe, $491,915; profit of campaign.
$625,880; expenses and Interest, $2i4,527; div. on pref. (4^ p. o.»,
$180,000; bal., sur., $191,353. There were also on hand Mar. 31, 1905,
" unsold sugars worth at least $250,000 in exoess of oost price."
President, Robert Oxnard; Treas., J. E. Tucker, 32 Nassau St., N.Y.
—(V.80,
p.
1911.)
American Can Co.— Organization.— Incorporated
in
New
Jer
sey on Mar. 19, 1901, as a consolidation of about 100 concerns. See
V. 72, p. 582, In 1903 operated 31 oan faotorles, one or two machine
shops and two detinning plants. V. 76, p. 969. New plants Aug., 1905,
V. 81, p. 669,
Stook outstanding, $41,233,300 each oommon and pref. Div. on
pref., 2ia% Sept. 1903: 1904.5% (A AO): 1905, 5% (Q.-J.)
Fiscal year now ends Deo 31
Report for year ending March 31,
1905, In V. 80, p 1726. showed net, $2,896,917; div. on pref. (5 p. 0.),
$2,061,665; bal., sur. $935,254.
Chairman of Board, D. G. Reid; President, W. T.Graham; Treas.,
F.S.Wheeler; 8ec& Asst.Treas., R. H. Ismon, 11 B'way. Dlreotors,
Apr., 1904, V. 74, p. 885. V. 78, p. 1551.-(V. 81, p. 669.)
American Car St Foundry.— Organization, Etc.—Incorporated
In New Jersey on Feb. 20, 1899, as a consolidation. Manufactures
freight and passenger oars of wood and steel.
V. 68, p. 280, 377,
1029; V. 71. p. 86. S4S\ V. 73. p. 958.
Dividends on com- ) 1900. 1901-1902. 1903.
None
1904.
2 yearly
mon,
4% Feb., **; May, ** since
J 1 p. 0.
On pref., lh p. quar. to May, 1905, lnoluslve; in July 1 1-6 p. c,
for 2 mos owiDg to change of periods; Oot., 1905, lh p. o.V 80, p. 2221.
Net earnings for 3 mos. ending July 31, '05, *625,31l. V. 81. p. 842.
Repoit for year ending April 30. 190 S, was in V. 81, p. 29, showing net earnings $2.K28,118; dividends on pref. stook (7 p. o.),$2,100,000; surplus, $523,118.
Officers.— Pres., Fred'k H Eaton; Chair, of Exec Com., W. K. Blxby;
Treas., t 8. De Lano
Sec, D. A. Blxby, St. Louis, Mo. Dlreotors, V.
72, p. 1239; V. 74, p. 1357. N. Y., 25 Broad St.— (V. 81, p. 29, 842.)
American Cement Co.— See page 174.
American Chicle Co.— Organization.—Inoorp. in N. J. on June
2, 1899, and consolidated the leading chewing gum interests.— V.68,
p. 871, 1130; V.77, p. 197. SeeV. 71, p. J4S- Div.: Onpref.,Oct.,'99.to
Oct., 1905, 1*3 p. 0. qu. (6 p. 0. per an.). Common 1*« p. 0. Oot., 1899;
1900, 9 p. c; 1901, 8 p.o.; 1902, Jan., 2 p. c; Apr., 1902, to Oct., 1905,
bothinol., 1 p.o. monthly. Profits for fiscal year ending June 30,
190 S, after paying dividends ($900,000), were $326,(00; total accumulated surplus was about $1,315,000. Pres., W. J. White, Cleve
land; Sec and Treas., H. Rowley
Olnoe. Royal Bldg., Fulton and
William streets. N. Y.— (V.79. p. 271; V. 81, p. 266.)
American Coal—See p. 174.
American Cigar Co.— Controlled by American TobaocoCo.,whioh
owns entire $9,975,000 stock and guarantees the 4 per cent gold notes;
see V. 74, p. 1113; V. 78 p. 1393. Properties owned, including Havana
American Co. V. 72, p. 185, 284, 937, 1037; V. 73, p. 958; V. 75, p.
1255. Report for calendar year 1904, V. 80, p. 1055, showed: net earnings over expenses and charges, $810,371. (V.80, p. 1055., 1060.)
Am. Cotton Co.—July, 1904, Sec; V. 80, p. 1973; V. Si, p. 509.
American Cotton Oil.—Inoorp. Oct. 14, 'i.889, InN. J., to suoofed
Amer. Cotton Oil Trust. Has works in southern cities, etc, for making
crude and refined ootton oil, lard, soap, fertilisers. et0
77 D> 1 S72.
Dividends.— 1898.
1899.
19% 1901. 1902. 1903. 1904,
;
^
Common,
p. 0...
x6
***
>
x4
Dec,
1
6 per cent yea^y to date (Pool expired Nov. 1, '04.)
x Includes 2 p. c. paid in the r ii wlng June
Report.— Report for 1903-r^ ut length in V.79, p. 2145, 2155, showed
profits $979,835, after n\" ti n expenses of administra.. Interest, Ac,
oe
g
Int. on deb. bonds
Income, $844,835; dJyl
,-%
* ~ ._*.
Hanna nn r\i*txt if* r\ Jf ,(135,000;'-. balance, net
..
« a \ mono 0*71
Preferred, p. c.
5
I.
.
'
American Agricultural Chemical Co.— Organization.— In-
corporated in May, 1899, in Connecticut, under speoial charter, and
acquired control of fertilizer companies (including Listers' of New
ark) named in V. 68, p. 974, and V. 72, p 672; V. 73, p. 664: V 75 d
241,292,440; V. 76, p. 867; V. 77, p. 399. See V. 71. p. 545. In
1905 sold $2,500,009 4*« p. c. notes. V. 80, p. 653. They must be
retired belore any mort. 1* made on property as owned March 1 1905
Dividends on pref. to Oot., 1905. 6 p. 0. yearly (A. & O.).
Report.— Report for year ending June 30, 1905, in V. 81, p. 724
showed: Total net Income, $2,306,462; improvements, betterments'
etc, $671,274; div. on pref., 6 per cent, $1,079,537; balance, $555,651,
Pres., John F. Gibbons. New York; Sec, Oeo. L, Galbralth
Treas
Thomas A. Doe. New directors Sept., 1905, V. 81, p. 976. N. Y. office
26 Broadway.— (V. 79, p. 784; V. 80, p 653, 873; V. 81, p. 72 4, 976.)
American Bank Note Co.— Founded 1795; incorporated in N. Y
In 1858; re-incorporated in 1879.
Drvs.— ) 1892 to '94 '95 to '98. *99. '00. To Sept , 1905, Inclusive.
Per *50 sh S $4 yearly $3 yearly $3 50 $3
Yearly— see below.
Payable [50c] 1 p. 0. each in M. & S. and [$11 2 p. c each in J. & D.
Chairman. E. C. Converse, 78-86 Trinity PL, N. Y.— (V. 78, p. 289.)
American Beet Sugar Co.— Incorporated on March 24, 1899.
Dividends paid from Oot.. 1899, to Oot., 1905, both inclusive.
6 p. 0. yearly <Ha% q..j.) See prospectus in V. 68, p. 280, 616 "Beet
;
;
OFFiCER8-Pr^8ld nt
*
P.Munro; Sec
A. Morrison; Vice-President, Robert
Justus B. Ralph. 27-29 Beaver St..
G. eorK e
NY
n tmmV
agts.^m3 ow>Lanler<SrCo _ v.80 p 118, 24^9; V. 81, p. 32.)
^i
American D trlrt Telegraph Co. of New Jersey.—Org anIZATION.-Ino<
ted ln New j er8 ey n Nov., 1901; operates in most
of the large cl |
d town8 ln the ij s. except New York City. lias
Jf
•
Transfer
,
j
25-year oontr(
tne We etern Union Telegraph Co. for collection
and del very f t wltn
messages and is also engaged in all kinds of elettrloal
00
8p/ "V"
protective
1903,
v 77. p 148; V. 81? p. 213. Dividends ln yearly
a
r
''
since to
190\
£P J.)x *' ud Oot, I H P.O. each; Profg Co. Oot, bonds. 4Vp.o. p 778.
T
J?'
(«
81,
guar,
,,$ p 704. N Y. Fire
P.
%r ending Dec. 31, 1904, in V.80, p. «48. showed: Gross,
e
971; net, $698,794; dividends (4 p. c). $389.9d9;
ball
..ifi. Pres.. Robert O. dowry; Aot. Sec, I. B. Ferguson;
Treas ',~.
^\-(V. 80, p. 648; V. 81, p 213, 778.)
1
.
.
&
American
report for ye-
<C
^^
'ct
gross, $561.06.4,5—-—
Divid's.
P. 0.
Office,
>
\
'93. '9*..
3i«
1
v
6DeySt.,N.
t
Telegraph Co. of
New York.— Annual
Deo. 31. 1904, was ln V. 80, p. 1173, showing
^363; div. (2 p.c), $76,888; sur., $475,
'05.
03.'04'97. '98. '99. 1900. '01. '02.
2 May, 1
2
2*4 2i«
2 2»4
2
2
-(V.80, p. 471, 1173)
„
Oct..
.
.
,;
INDUSTRIAL STOCKS AND BONDS.
J 905.
MISCELLANEOUS.
Date
Size, or
column headings, &c, see notes on
Par
of
Bonds Value.
first page of tables.
For explanation
or
American Express— Stock
Amer. Hide <£ Leather—Common stock, $17,500,000
Pref. stook, 7% cum., $17,500,000. (See V. 76, p. 104)
1st M., $10,000,000, g., a. f., snbj. to call at 115.Col.c*
lee Securities— Stook, all of one class, $20,000,000
Debentures, $3,000,000, red. at par
American Ice Co. oollat. trust bonds, gold.Ce
Amer. Linseed Pf. stook, 7 p. c, non-oum., $16,750,000.
American Locomotive Common stock, $25,000,000
Pref. stock, 7%, oum., $25,000,000. (Bonds, see text)
Amer. Mah'g—ieX M., $5,000,000, g., s. f.,sub. call 105.0*
Amer. Pneumatic Serv.—Pret., 6%, non-oum., $5,000,000
New M., 95,000,000, g., s f. (underlying bds .text) IB.
Lamson Con. Store Service Co. s. f. b'da.ojll at 102.1 1*
American Radiator— Com. stook, $6.000,000
Pref. stock, 7 p. c, cum., $5,000,000
American Sewer Pipe— 1st M., $2,500,000, s. f., call 1 05. It
American Shipbuilding Stock, common, $15,000,000....
Preferred, 7 per cent, non-oum., $15,000,000
Amer. Smelt. Secur-.—Pret. "A" 6%, cum., $17,000,000,..
Preferred "B" 5%, cum., guar., $30,000,000
1899
1905
1902
—
—
1899
1903
1897
1900
American Express.—An "Association" formed under the laws
New York State In 1859 and 1868. Not an Incorporated company.
Operated in [July, 1903. on about 43,000 miles of railroad in the
United States including Boston & Maine, nearly all the Vanderbllt
lines, Illinois Cent., eto. Leases for 6 years from July 15, 1904, the
trolley express business in New York and Westchester of Metropolitan
Express Co. V. 79, p. 153. Dividends. 6% per an. sinoel882; from July,
1901, to July, 1905, 1 p. o. extra was paid semi-annually from investments. V. 73, p. 1063. President, J. C. Fargo; Treas., James F. Fargo,
65 Broadway.— (V. 77, p. 2036; V. 79, p. 153.)
American Gra»g Twine Co.— See page 174.
American Hide A: Leather Co.— Organization.— Organized
In New Jersey in 1899. V 69, p. 493. In Jan., 1901, said to control
about 75 per cent of the upper leather output of the country, including
companies mentioned in V. 68. p. 925 except WebBter & Co. and R.
Suhm L. Co. See V. 70, p. 77. and application to list V. 72, p. 673
Dividends.— On pref., 1 p. c. Feb. 15, 1805; May 15, 1 p. c; Aug. 15,
1 p. o. Overdue dividends on pref. to Aug., 1905, about 37 p. c.
Bonds, Etc.— Sinking fund of $172,500 retires bonds Sept. 1 yearly,
if purchasable at 115 or less, or if not will be invested in other securities.
J. & W. Seligman & Co. financed the consolidation. Report
for year ending June 30, 1905, in V. 81, p. 810, showing earnings,
Including those of subsidiary companies, $1,406,187; int. on bonds,
,
$511,500; renewals, repairs, sinking funds, eto., $388,779; bal., sur.,
$505,908. Pres., Thomas W. Hall; Directors, June, 1904, V. 71. p.
493; V. 73. p. 495; V. 77, p. 771; V. 79, p. 105. Office, 96 Cliff St., N.
Y.— (V. 81, p. 509, 840.)
American Ice
Securities Co.—Organization.—Incorporated in
and acquired $22,875,200 of the $23,871,100
com. and $14,175,900 of the Sl4.920.2C0 pref. stock of the Amer. Ice
ir„'^?I plan v 80 -P- 601 The latter company owned most of the
$10.00<>.000 stock of tne Consol. Ioe Co. of N. Y. (see V. 65, p. 461) and
March
29, 1905.
-
-
the $10,000,000 stock of the Knlckerb. Ice Co. of Maine. Transacts
a wholesale and retail business in New York City; Philadelphia, Pa.;
Boston. Mass.; Baltimore, Md.; Washington, D. C; Camden, Cape May
and Atlantio City, N. J. 8ee V. 81, p. 29; V. 77, p. 2337.
TEEMS OF EXCHANGE OF AMERICAN ICE CO. STOCK.
r-Will receive-, or ^Optionally. ->
...
^
lei™ principal of existing—
$100
Stock.
Bonds.
Stock.
Vash.
•
•
,
Common
stock ($23,871,100)
$20
Pref. stock ($14,920,200) carrying
$20
l^ p. c accumulated dividends
$100
$16ifl
$100
will be oontiuued as above until Sept. 1, 1905,
penalty of 50 cents per share.
Exchanges
$11-55
common
paying
Bonds.- Of the Am. Ice Securities deb. 6e, $344,490 remained on
nana in Oct 1905, to take up the outstanding Amer. Ice Co. stook.
per cent collateral
2££&£ ar e pitstanding, andtrust 5s of 1902 of the Ioe Company, $l,$2,060,000 are issuable to retire $1,560,T^' 000
oob underlying bonds and real estate mortgages [of which $391,950
were owned by the company].; $583,000 canceled and $387,000 In
treasury of Am. Ioe Co.- total authorized, $5,000,000.
BONDS OF SUB-COMPANIES HELD BY PDBLIC (V. 81, P. 29)
,
,
,
Report of American Ice Co.— V.
new securities (V. 81, p. 29) showed:
79, p. 2745.
Application to
list
Old Amer. Ice io.—
1904.
1903.
1902
Gross earning*
$6,942,313
£6,785,058
$6,411,253
Kesult of operations
sur. 3^4,258
def. 8,429
def. 346 362
Compare V. 77, p. 2337; V. 78, p. 585.
E
RS E TC OI<1
es,e 7 M 01er (Pres.); Guy B. Johnson (Vlce^°,
,
£°J-y
Pres.and Treas.); i,i
Edward T. Bedford. Charles T.Barney, John A. Slpicher.
J onn Greenough, Charles I. Hudson. John R. Bennett
(Secretary), William G
e
baw Jl\. R M Thompson and Miles M. O'Brien. Office, Broadway and
o J, .?l
p^
-
-
-
-
New York.-(V. SO. p. 117t), 1237, 1730, 2459; V. si,
American Iron A Steel Mfg.—See p. 174.
2eth
St.,
.T
p.^9,
32.)
American Light A- Traction.— See page 174.
American Linseed Co.— See page 174.
m i Can ,^?^?,,llotlve Co.— organization.— Incorporated
w'^ -fJ T
in
'
!
"
-
>
«
'
-
5
-
>
i
J£S
>
-
,
'
toSWM^
-
'
v ' v " lul o'"a""uai air rower (.tvuoae island
L,i
1«t 4b *iI>ftTnn „;.
? t a 8 ame ) ' due Fe
1 ' ,919 > but subject tocall at any time:
to ensure th««v nf ,? ! retirement
?
Amercinl^nmnn^l
CffwC "^
™2
\
of the last-named $85o,000 preferred
e
k r held ln trust - Locomotive & Machine Oo. of
ea KOld s l
W.OOO, dated Mar. I, 1904 (tl.ooo each), euaranJ
I
1 by
^ o Loc - Co - whlca owns remaining $ l.uoo.ooo of
nd Sei u at RoyaI Tru8t Co oC Montreal, trustee;
H
«
te£d nrinrt™,
^
'
m
aMomfdtt ".T
Rogers LocomWnrvh^oo
-
port f r year ending June 30, 1905, was ln V. 81,
p.
ftAn aoa
?
ng net earnlll
«i?b i«fi. 5?^ ^ on pref. «?8, $4,353,668; interest *nd disoount,
"^ends
stock (7 p. c), $l,750,O0Ciolu^<,t. men t in
MAf^o' WOr *1.883,557 bal., sur.,
1
$607,924.
oSl^t
l!'
OFFicEB8.-Pres Albert J. Pitkin; 1st V. P., Jar-l v.
r0 8;
d
P & 8eo - Lel S n Best; fhife., Minn., etonny;
&J;W£ii£ £ E. Patterson. Office, 111 Br-.iil warJ-.ee, y wgw
Comptroller C. l
®W
directors, Oct 1905, V. 81, p. 1243.-(V. 81, "ndustri*^
;7^
;
J
-
,
^rated)..
-dies
and y
^S'arp
.
Jan.,
4 '
Whom.
Payable
pal.When Due.
by Stocks— Last
Dividend.
.
American Malting Co,— A consolidation incorporated Sept. 27,
1897, in N.J.— V. 65. p. 619; V. 70, p. 478. In March, 1905, former
directors paid $340,000 cash and $1,000,0 '0 common stock in settlement of unearned dividends deoiared by them. V. 80, p. 1060.
Readjustment Plan.— The plan (V. 81, p 266) deoiared operative,
Issued by the committee, John O. Jenkins, Chairman (Standard Trust
Co. of N. Y., depositary), provides fur reduction of authorized stook
to $9,0C 0,000 pref and $6,000,000 oom., or t-aleof tha assets to a new
company having the same stook, winch shall assume the outstanding
mortgage and other debts of he existing company. The new prel. is
limited to 4 p. c. dividends for two years and to 6 p. o thereafter; is
pref r rred also as to assets, and oumuia lve from Oot. 1 1905. The old
preferred will receive 62 p. o. ln new pref. -md the old common 44 p. o.
in new common stock, leaving in the treasury or unissued about $47,200 pref. and $104,000 common stock. If all the old stook does not
assent the committee may alter the basis of exchange, subject to the
right of depositing stockholders to withdraw if disapproving of change.
In Oct ,1905, amajorityof otock had been deposited. V.81, p.1176,1243
Stocks.—Authorized, $15,000,000 each common and preferred; 18
sued, common, $14,500,000; pref., 7 p. o.. cum., $14,440,000; par, $100.
Dividends—On pref.. 1898, to 1899, incl.,7 p. o. per an.; none since.
Bonds.— R. C. Newton and Geo. R Tnrnbull are trustees. V. 69,
p. 956. 1013, 1195. Of 1st 6s shown ln table above $385,000 were on
Oct. 31, 1904. in treasury.
Report for year ending Aug. 31, 1904, V. 79, p. 2083, showed
Profits above interest and $81,495 for improvements, etc., $116,515.
Officers.—Pres't, Charles A. Stadler; Seo'y, J. C. McCune,
Treas., Louis L. Stanton. Direotors.Nbv., 1904, V. 79, p. 2149. N. Y.
office. 63d St. & E. R.— (V. 81, p, 266, 84 2, 1176, 1243.)
American Sewer Pipe Co.—See page 174.
American Pneumatic Service Co.— Organization.—Incorporated ln June, 1899, under laws of Delaware.— (V. 68, p. 1130, 1179.)
Is the owner of the whole, or nearly all, stock of the Lamson Consol.
Store-Service Co. (V. 68, p. 1073). the Intern. Pneum. Service Co., eto.
Government contracts, V. 81, p. 29. 32; V. 75, p. 734; V. 79, p. 2088.
In Aug., 1905, acquired oontrol of N. Y. Mail A Newspaper transportation Co. and Tubular Dispatch Co. V.81, p. 669. Stock.com., authorized, $10,000,000; outstanding, $5,952,000 par, $50. Pref., see table.
Dividends on pref. stook to Jan. 20, 1902, inoi., 6 p o. per an.; since
passed to Increase working capital. V. 74. p. 1309, 1357
eir*' if. Collateral Trust S tr. js.—Ia June, 1905, $600,000 of the
new $5,000 000 5 p. o. bond Issue was sold; $600,000 is reserved to
retire the $60i»,000 (authorized issue) ot Lamson bonds and the balance for acquisitions and extensions at n^t over 75 p. o of cost, and
only for property leased at not less than 12^ P o. ot cost V. 81, p 32,
Report tor cal. year 1904, with balance sheet, was ln V. 81, p. 29.
Net earnings, $276,>"24; Arthur 8. Temple. Treas.. 115 Chauncv Street.
Boston. New directors, Aug., 1905, V. 81, p. 669. -(V. 81, p. 32, 66i.)
American Radiator.— Incorp. in N. J. on Feb. 10, 1899. See "V.
In May, 1905, took 5 j ears' lease of Brantford, Ont
68, p. 329.
plant, with option of purchase. V. 80, p. 2346. Stooft, see table above.
Dividends on pref., May, 1899, to Aug 1905, Inclusive, 1% p. o. quarterly (Q-F 15). Dividends on common, paid Deo., 1904, to Sept., 1905,
both inclusive, I p. o., quar. (Q-M) Report for year ending Jan.
31, 1905, with bal. sheet, V.80, p. 1056. showed: Net profits, $703,930
7 p. c. on pref., $210,000: div. on common il p o ), $48,930; balance,
,
,
$445,000.
Pres., C.
M. Woolley.— (V.
80, p.
2346
)
American Shipbuilding Co.— Organization. —Incorporated
ln New Jersey on March 16, 1899, to unite the shipbuilding and kin
dred interests of the Great Lakes. V. 68, p. 770; V. 70, p. 896;
V. 71, p. 344,1014; V. 73, p. 390. Div. on pref., July, 1899, to Oct. 15,
1905, iholu., 7 p. o. per an. (1% Q-J.) On common, 4 p. o. for year,
paid quarterly Dec, 1902, Mar., June and Sept., 1903; a dividend of 4
p. o. is payable in quarterly Instalments, the flrst Sept. 1, 1905.
V.
81, p. 267. Report for year ending June 30, 1905, ln Chron. Oot. 28,
showed: Net earnings, $1,549,450; div. on pref., $553,000; div. on common (4 p.o.) $304,000; depreciation, maintenance, reserve, etc., $356,100; bal.. sur.. $336,350 Pres., James C. Wallace, Chic Vice-Pres. and
Treas., R. C. Wetmore; Sec, Ora J. Fish. Directors, V. 81, p. 1102.
Office, Cleveland, O.— (V. 81, p. 1102.)
;
10
fH*Zi£?'£ lr o 'i 901 a8a consolidation of the various compani e.
73 P 80 '- V 72 p 1189 V 73 p 84, 186, 724. In Mar.
*1
Irt4 tl'/entlre capital stock of the Locomotive & Machine Co.
of
m™,»
aoqnl,ed (V
8, p 1U1 1393 l448 >. aDd in J an - 1905.
of tt« Rn e
L °comotive -J
Worts. V.80, p. 474. Cooperates with Gen.
fia«£i« ri ? construction
n
of electric locomotives; see V. 79, p. 1022.
T,n t£,2 Soi
05 was about to manufacture automobiles V. 80,
p 2459
ni^?™£
4011 pref., 1% p. c, quarterly, Oct., 1901,
l0
9 05 Dotn Inclusive. Bonded debt of constituent
^"S?„'A .
companies
ul 6
Cent.
f
Bonds— Prtael'
$100 $18,000,000 8 In 1905 J. & J. N.Y.,Co. sOf.,65B*way July I, '05, 4%
100
11,274,100
N. Y., Colonial Tr.
Aug.15,'05.1%
100 12,548,300 See text Q.-F.
do
do
Sept. 1, 1919
1,000
7,635,000
6g. M. & 8.
100 18,750,900
A. & O. N. Y., Kniokerb. Tr. Co. Apr. 1, 1925
6
2,655,000
Apr. 1, 1922
i",6b"6
5 g. A. & O. N. Y., Central Tr. Co.
1,970,000
Sept. 15'OO.IH
ioo 16,750,000 7 In 1900 Q.-M.
100 25,000,000
Checks mailed.
Oot. 21,'05,l*i
ioo 24,100,000 7 In 1905 Q.-J.
3,810.000
1,000
6g. J. & D. N. Y., Guaranty Tr. Co. Dec. 1. 1914
Jan.20,'02,l»a
By oheck.
50
4.337.500 See text. J. & J
Oct. 1, 1928
600,000
5 g. A. & O.
1932
392,500
5 g F & A. Boston Inter. Trust Co,
100
4,893,000 See text Q.-M. Off.,282-4Mlch. Av.,Ch. Sop. 30,'05,1%
Aug.15,'05,1%
do
do
100
3,000,000 7 In 1904 Q.-F. 15
Mch. 1, 1920
500 &o.
1,482,000
6 g. M. & S. N. Y. Knlofe. Tr. Co.
Sept.1,'05,1%
100
7,600,000 see text Q.-M.
Oot. 15,*05,H»
Cleveland, Ohio.
100
7,900,000 7 In 1905 Q.-J.
100 17 000,000 See text. Q-M. N. Y., 71 Broadway. Sept. l.'O'.lifl
Sept. I,'05,li4
100 30,000,000
Q-M.
do
do
5
of
N. J. on
INTEREST OR DIVIDENDS.
Rate Per Wben Where Payable, and
Outstanding
Amount
,
Amer.
—
155
American Smelters
Securities Co.—Organization.— IncorJ.
Mar. 31, 1905. in New Jersey, and acquired from Guggenheim Explor.
Co. various mining properties and interests in Mexioo, Colorado and
Missouri and about $5 COO.000 to oomplete certain purchases; later
bought other properties in California, Washington, Utah, Missouri
and Mexico and a majority of the Federal Mining & Sme ting stock.
Am. Smelt. & Ref Co. oontrols, through ownership of $1 7,751,000 common stock. See below. V. >-0, p. 873, 1237,1730,1915, 1973, 2221. In
Oct., 190 s, control of Utah Copper Co., it was understood, was
shortly to be acquired.
Stock.- Common stock authorized, $30,000,000. Preferred stook
"B" is guaranteed as to dividends by American 8melting & Refining
Co. and also as to principal ln case of liquidation; principal is subject
to redemption at par at option of company June 1,1930, or any interest day thereafter
Sinking fund is co be provided out of surplus
earnings. See V. 80, p. 1730, 1973.
Pref stock "A" is preferred over "B" only as to dividends. The
present authorized issue, $17,000,000, may be increased by $5,500,
000. Preferred,stock will have no voting powar during flrst two yearsnor thereafter except while the dividends for one year remain unpaid.
The common, therefore, carries oontrol whi:e pref. dividends are paid.
Dividends —First div. on pref. A stook (for 2 mos.), 1 p. c paid
July 1, 1905; Sept. 1, 1^ p. o. V. 81, p 156, 670. On pr<f B Ik
p. o paid Sept l, 1905.
Officers.— President, Daniel Guggenheim; Vioe-Pres., Barton Sewell; Treas., Morris Gaggenhelm; Sec , Edward BrurY
Dlreotors, V.
80, p. 1425. Offioe, 71 Broadway, N. Y.-(V. 81, p. 670, 900.)
,
,
.
.
•
INDUSTRIAL STOCKS AND BONDS.
156
MISCELLANEOUS.
.For
Date
explanation of column headings, &o., see notes on
first
page of
tables.
Size, or
of
Par
Bonds Value. Outstanding
<£ Refining— Common stock, $50,000,000...
Pref. stock, 7 per cent, cum., $50,000,000
&mer. Jnelt.
American Snuff—Stock, common, $12,500,000
Preferred, 6 per cent, ron-cum., $12,500,000
.American Soda Fountain.— Common stcck, $1.250,000...
let pref., 6 per cent, cumulative, $1,2.-50,01
2d pref., 8 ver cent, cumulative, $1,250.000..
American
Steel Foundries— Stock, common, $20,000,000.
Preferred stock, 6 per cent, cumulative $20,000,000..
American Steel Castings 1 st mortgage, gold. G
Notes, redeemable in one year
-—
New mortgage, $6,000,000. s. f. Col
American Sugar Refining— Common stock, $45,000,000.
Prei. stock, 7 p.o. cum. (not pf. as to ass't), $45,000,000
American Telegraph <t Cable— Stock, 5 per cent rental
American Telephone & Telegraph—Stock, $250,000,000
Collateral trust mortgage, gold.
(V. 70, p. 40). ..c*
.
1897
1905
1905
.
OK
OB
Collateral trust notes, gold.
Am. Bell deb., g.,OB. V. 67, p. 72, 1355; V. 70, p. 40.0"
Amer. Thread—Pref. stock, $6,000,000 5 p.o., cum.,g.or £
G.C
1st mortgage, $6,000,000, gold or £
American Tobacco Co.— Com. stock ($100,000,000 autb.).
Pref. (a Bo as to ass.), $»0.000,000 6% oum. 8ee text.
<fc
5
Kenning Co —Organization, Etc-
List of plants, rights of stock, etc., see V. 68, p. 975; V. 68,
p.
471,523; V. 70, p. 232, 281. V. 76. p. 974; V. 77, p. 2340; V.79,p.l041.
Contract with Federal Mining & Smelting Co., of which control is
owned through the American Smelters' Securities Co., V. 79, p. 2694.
Proposed extensions and improvements in 1905, V. 80, p. 1730.
In Apr., 1901, the property of M. Guggenheim's Sons was acquired,
the stock being increased from $27,400,000 eaoh of common and preferred to $50,000,000 each. The output of lead and silver, it is stated,
is now about 85 per cent of the production in the U. S. V. 71 p. 1271
V. 72. p. 138, 724; see circular in V. 72, p. 185. V.71, p. 1271.
In April, 1905, acquired control of American Smelters' Securities
Co , which see above. V. 80, p. 873.
Omaha & Grant Smelt. 1st 6s, due March 1, 1911, $561,000, retlrable about $70,000 annually by sinking fund, axe the only bonds.
Dividends on pref. to Oot., 1905, inclusive, 7 p.o. per an. (1^ Q-Ji
On common, in 1904, 5 p. o; in 1905, to July, incl., 1H p o. Q J.; in
Oot.,l%p. o; V. 81, p. 900.
Report.— Report for year ending April 30, 1905, at length in V. 81
p. 898, 920, showed: Gross, $10,506,683; net, $8,681,996; dividend,
on pref. (7 p. o). $3,500,000; div. on common (5 p. c), $2,500,000;
,
bal., sur., $2,681,996.
Directors.— Daniel Guggenheim (President), Isaac Guggenheim (Trea?.),
Solomon R. Guggenheim. Morris Gugg-nhetm, Simon Guggenheim, 8. W. t-c
cles (Vice-Presidents), Edward Bru-h (Sec. and A *st. to Pres.), H. L. Hluglnson. Grant B. Sculey, A. K. Meyer, D. H. Moflit, M.D.Thatcher. J. B Grant,
Guy C. Barton, Dennis Sheedy, W. S. McCormlck, Karl Eilers, Frank W. Hills.
A, Eilers, Barton Sewell (Vice Prest ), Edgar L. Wewnouse (V.80.p.6i:0, S»J»,
—
9.4 O.800.)
American Snu IV Co.— lncorp. in N. J on Mar. 12, 1900. For list
of properties merged, see V. 70, p. 533, 634; statement to N.Y. Stock
Exchange, V. 72. p. 625, 672; V. 74, p. 428; V. 81 p. 267. Div. on
pref., Jan. 2, 1901, to Oct., 1905, 6 p. c. yearly. On com.. Jan., '03, to
Oct., 1905, incl., 10 p. c. Am. Tobaooo Co. is supposed to own control.
Report.— Report for year ending Deo. 31. 1904 (in V. 80, p. 1055),
showed: Net earnings, $2 4"8,419; div. on pref. (6 p.o.), $720,000;
div. on common (lOp. c), $1,000,170; bal., sur., $638,249. Pres., Mar
tin J. Condon; Sec and Treas., E. D. Christian, 111 Fifth Ave.. N Y.1056; V. 81, p. 213, 267.)
( V. 76, p. 540; V. 78, p. 986; V. 80, p.
American Soda Fountain.—Seepage 174.
American Spirits Mfg.— See Distillers' Securities Corpor'n.
American Steel Foundries Co.— Organization.— Incorpo
in New Jersey on June 26 1902, and acquired:
rated
An erican Steel Casting Co. (See SCFPLEMENTof April, 1P02), Reliance
Steel Castings Co. of Pittsburg, Pa.. I.eighton & Howard Steel Co. E. St. Louis,
111., Franklin Steel Casting Co. of Franklin, Pa., Sargent Co. of Chicago. III.,
American Steel Foundry Co. of Granite City. 111., and Amer Steel Bolster Co.;
also in Sent., ltM'4. fO p, c. of Commonweal h Steel Co. stock and in Jan., 1903,
entire stcck of Simpex R'wav Appliance Co. V. 79, p. U63, V. 80. p, 22*, 302.
Stock— For status, rights of stock, etc.. see V. 78, p. 2604. V.
77, p. 767; V. 75, p. 1300; Of the $40,000,000 stock (half pref.); the
2,300,000 each of common and preferred are to be issued only
for cash or property of actual oash value at par. V. 74, p. 1141, 1357
In Jan., 1S05, $1,000,000 6 p. c. one- three- year notes were sold; also
#2,200,000 or each class of stock.
DiVTDENDs.-On pf., Deo. 1. 1902, to Deo., 1903. 1*3 p. c. quar. (Q.); 1904, May,
p. o; Aug., 1 p. c; none since to July, 1905.
Bonds.— The stockholders on Sept 6, 1995, authorized $6,000,000
bonds, to be secured on the plants of the comDany, the entire Simplex
Railway Appliance Co. stoi k and about 55 p. o. of Commonwealth
Steel Co. stock. The stockholders were offered the right to subscribe
pro rata at 80 for the $3,500,' 00 presf-nt issue, a syndicate having
agreed to tafee any bonds not so subscribed for. V. 81, p. 267, 842
Report.- For jear ending July 31, 1905, loss on operations was
329,000, of which $317,000 expanded for improvements Is to be
capitalized. The Simplex Ry. Appliance Co. earned for 13 months
« 356,000.
For year ending July 31, 1904, in V. 79, p. 1460, showed: Net income of constituent companies, $354,030; interest on bonds, $23,550;
div. on pref. stock (4i<j p. o), $697,500; bal., def., $367,020
Officers.— President,
V. Kel'ey; 1st Vloe- Pres
Robert P. Lasuont; Treas. and Sec, F. E. Patterson. Directors, V. 81, p. 1102.
Office to be in Chtcago-(V. 81. p 84
1U2
American Sugar Refining.— Organized in N. J. in Jan., 1891
Stock, originally $50,000,000, was increased
er plan, V 51, p. 609.
i
n Jan., 1892, to $75,000,000 (half prof j to acquire the capital,
stock of the four Philadelphia refineries and a controlling interest In
6he Baltimore refinery. Spreckels's refinery in California has been held
snider lease to the "Western Sugar Refining Co.," of which the " trust"
4)wns one-half the stock. Beet>sugar interest acquired, V. 64 p 841V. 77, p. 771; coffee plants, V. 63, p. 1157; V. 64. p. 40; V7 70 p
€88, 1051; V. 71, p. 914; V. 72, p. 1137.
Beet sugar refineries in
O. 8., V. 66, p. 132; V. 68, p. 280; V. 69, p.1249; V. 76, p. 867, 1 191. Nat
Sugar Refining Co. see V. 70, p. 1096; V.71, p. 31). See V. 70, p
482, 634, 998, 1051; V. 71, p. 136, 237, 699. Tndependents.V. 73, p. 238
Stock.— In 1901 each class of stock was increased from $37,500,000 to $45,000,000 by sale at par to shareholders. V. 73. p. 617.
m
M
Wm
,
,
Dry.— P.
)
1892. '93. 1894 to 1899. '00. '01. '02. '03. *04.
1905.
7
7
10>a 21^ 12y*ly(3 Q.-J.) 7\ 7 7
7
iPreferred ..) 7p. o.y'rly to date; nearly all Q.-J. V.71, p. 1163
^Common
o. )
... >
Whom.
Payable
Cent.
1899
1,000 53,000,000
1904 l.OOO&o 20,000,000
1898
1,000 10,000,000
Incorporated April 4, 1899, under laws of New Jersey, V. 68, p
668. Owns and operates plants for the smelting of ores and the
treatment of lead: bullion, copper bullion and copper matte in Utah,
Montana, Colorado, Kansas, Nebraska, Illinois, New Jersey, Mexico
and elsewhere. The principal merchantable products are bar gold and
silver, pig lead, electrolytic copper and blue vitriol. Controls the
Kansas City Smelting & Refining Co., the Omaha & Grant Smelting
C!o., etc.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where payable, and by Stocks—Last
Rate per
Dividend.
N. Y., 71 Broadway.
$100 $50,000,000 See text Q.-J.
100 50,000,000 7 in 1905 Q.-J.
do
do
10 in 05 Q.-J. N. Y., Morton Trust Co,
100 11,001,700
100 12,000,000 6 in 1905 Q.-J.
do
do
100
1,250,000 See text. Nov. 4
100
1,250,000 6 in 1905 Nov.
Checks mailed.
1.250,000 See text. See text
100
100 17,700,000
100 17,700,000 See text. Q.-F.
N. Y., 74 Broadway
471,000
do
do
5 g. M. & N.
1,000,000
F. & A
New York.
6
100 &C.
3,500 000
New York
6 g- A. & O.
100 45,000,000 7 in 1905 Q.-J.
Checks mailed.
100 45.000,000 7 in 1905 See text
do
do
100 14,000,000
Q.-M. N. Y., West. Union Tel.
5
100 131,551.400
7**
Q.-J.
1899 500 &c.
100
100
Qoldbon ds(notmortgage), $56,100,000 auth Mo.o'At 1904 50 &c.
$78,689,100 autb. Mo. o*&r 1904 50 &c.
do
do
American Smelting
Amount
[Vol. lxxxi.
4,890,475 5 in
6,000,000 4 g.
40,242,400 See
78,689,100
56,090,400
78,689,100
4
J.
g.
M.
t*
1905
or £
text.
6
6g.
4
g.
&
&
&
&
&
J. N. Y.,Manh.Tr.,&
Oct. 2/05, 1*
Oct 2/05, 2i«
Oot. 2/05,
Nov. '£6,
Aug. 1/04,1%
Nov.
1. 1912
1, 1S03
Oct. 1, 1935
Feb.
Oct. 2,'OS
1%
Oct 2/05,1%
,
May
N.
J. Bost., Nat.
m
1%%
6%
2%
Nov., ISO 1,
Nov. 4,'96,
Sept., 05,l 4%
Oct l&;0b,\*n
Bost'n July 1, 1929
Bk. of Com.
J. Guar Trust Co., N. Y.
J.
do
do
See text N. Y., Morton Trust Co
Q.—J.
do
do
A. & O
New York.
F. & A
do
J.
J.
J.
Oct.16,'05,1*
July
1
1,
1,
1907
1908
J'ne 30,'05,2»«
Jan. 1, 1919
Sept. 1,'05, 2i*
Oot. 2/05, 1*9
Oot. 1, 1944
Aug.
1,
1951
Report.—No recentreport. Annual meeting in 1905, see V. 80, p. 165.
Balance Sheet—
Dec. 31, 1903.
Dec. 31, '02.
Dec. 31, '01.
Real estate and machinery. $35,180,057
Cash and debts receivable. 34,683,022
$34,669,191 $34,328,664
30,046.750
36,862,702
Investm'ts in other comp's.
51,986,127
45,270,776
39,111,883
Sugar, raw and refined
12,338,661
15,842,924
12,248,640
Total assets
$134,187,868 $125,82y,64l $122,551,888
Capital stook
$90,000,000
$90,000,000 $88,280,370
Debts
31,922,032
24,958,321
24,364,027
Reserves
12,265,836
10,871.320
9,907,491
Total liabilities
$134,187,868 $125,829,641 $122,551,888
Directors.—H. O. Havemeyer, Chas. H. Senff, Arthur Donner, Lowell M. Palmer, John Mayer, W. B. Thomas, John E. Parsons; Treasurer.
Arthur Donner. Transfer office, 117 Wall St., N.Y.— (V. 80, p. 710.)
American Telegraph & Cable.— Owns two cables between Nova
8ootia
and England.
Leased until 1932 to Western Union—whioh
American Telephone
Owns
Sc
see.
Telegraph Co.—Organization.—
a large interest, generally a majority interest, in the capital
stook of all the leading local companies operating under the Bell patents throughout the United Sta'es (except the Michigan State Telep
Co.); also owns the system of long-distance telephone lines by,
whioh they are united. See series of telephone articles, V. 69, p. 674
826. 1034. 1222; V. 70, p. 817. Capitalization licensee oo.'s, see V. 73
p. 446. 555, 724; V. 76, p. 596; V. 77, p. 2036; V. 79, p 735.
On 8ept.
30, 1905, 5,324,217 Instruments in use, against 4,281,201 on Sept. 30,
1904. Decision as to Berliner patent, V. 72, p. 439; V. 73, p. 186; V. 76,
p. 244. Pupin patents, V. 72. p. 677; V. 76, p. 332, 596; V. 77, p. 39.
Controls West. Telep. &Tel. Co., the suocessor to the Erie Tel.
Telep.
Co. V. 73, p. 1267; V. 74, p. 42, 271. Decision as to olaim of Western
Union, see V. 77, p. 951, 2160; V. 78, p. 585, 1220, V. 79, p. 153.
Stock.— On June 3, 1901, the authorized stook was lnoreased from
00,000,000 to $150,000,000 and on Mar. 1, 1903, to $250,000,000. Of
r
he new stock, $21,943,200 was subscribed for by stockholders at par in
1903. This lnoreased the outstanding stock to $131,551,400, excluding $27,110,400 held by American Bell Telephone Co. and virtually
unissued. V. 76, p. 1356; V. 77, p. 39, 771.
Dividends.— July, 1900, to Oot., 1904, inoluslve, 7^ per cent per
annum, viz.: July 16. 2^; Oot. 15. I 1*; Jan. 15, 2*4; Apr. 15, l>a.
Bonds.—The collateral trust mortgage of 1899 provides for the Immediate needs of the company and for future extensions as required
and cecures equally the coll. trust bonds and the $10,000,000 Bell debentures. List of oollat., Chronicle V. 81, p 509. On deposit of additional collateral further bonds may be issued to an amount not exceeding 75 p.o. of the estimated value of collateral; and the issue at any
time outstanding must not|exceed the amount of the company's oapltal
stook then paid up. V. 69, p. 1195, 1249; V. 70, p. 40.
Of the collateral trust bonds $63,000,000 has been sold. V. 80, p. 999, 1113. The
$20,000,000 five p. c. gold notes of 1904 are secured by deposit of $25,000,000 collateral tiust bonds of 1899. V. 78, p. 1448.
Report.— Report for 1904 in V. 80, p. 1171,1180, showed:
Tear ending Dec. 31.
1904.
1903.
1902.
Total gross earnings
$18,546,659 $16,545,632 $13,277,457
Surplus over interest charges.... 11,275,702
10,564,665
7,835,272
Paid dividends (7ia p. o.)
9,799,117
8,619,151
6,584,404
Pres., Fred. P. Fish. -(V. 81, p. 33, 509, 560, 670, 779, 1243.)
American Thread Co.— Incorporated in N. J. March 10,1898.
(V. 67, p. 1158.) Stock, $6,000,000 common ($3 50 per $5 share paid
in, understood to be entirely owned by the English Sewing Cotton
Co.); $6,000,000 five per cent oum. pref. (gold or £); issued $4,890, 475, par of shares, $5. Dividend on pref. July, 1899, to July,
1905, inclusive, 5 p.o. per annum (2*a p. c. semi-an). First div. on
common, 30 cts. per share (or 10 per cent on amount paid in) paid out
of earnings of 1899-0; in 1900-01, 35 ots. (10 p. c); In 1901-2. none;
In 1902-3, 14 cts. (4 p. c); in July, 1904, 56 ots. (16 p. c); in July,
1905, 28 ots. (8 p. c.)
Bonds -See application to list in full, V. 70, p. 179; also V. 76, p. 267.
Tn 1901 purchased control of Wool Exchange Co., owning building 26C
West B'way, subject to first mort. of $450,000. V. 73, p.289, 393, 446.
Report. - Report for year ending Mar. 31, 1905, with balance sheet,
in V. 81, p. 153, showed: Gross profit, $1,167,291; depreciation,
$3^5,808; bond interest, $236,450; dividend on pref. stock (5 p. o),
$244,524: div. on com. stock (8 p. O. $336,000; bal.. sur. for jear,
$1,509. Total surplus, $302,1 2. President, T. C. Waterhouse; Sec.
and Treas.. Theo. M. Ives, 260 W. Broadway, N. Y.— (V. 81, p. 1 53.)
(The) American Tobacco C« — Organization.— Incorporated on
Oot. 20, 1904, as an amalgamation, urder the laws of New Ji rsey, per
plan. V 79, p. 1024, of the American, the Consolidated and the Continental tobacco comp nips. V. 79, p. 1705. See application to list, V. 80,
p. 168; statements of those companies in this Section for July, 1904.
The American Snuff Co. is controlled, *10,000.000 of Its stook being
owned; also $7.000,0c0 of the $10,000,000 stock of the American Cigar
Co., whose 4 p. o. notes ($20,000 000 authorized) were guaranteed
principal and interest, by the American and Continental companies.
V. 73. p. 1113; V. 72, p. 531. 1037; V. 78, p. 1394. The Havana Co. Is
controlled V. 74, p. 1141. Tho Continental Co. acquired the *3 000,000
P. Lorillard Co. common and also $1,581,000 of its +2,000,000 preferred stock. V. 70, p. 381, 1051; V. 71, p. 646. American Stogie Co.,
see V. 77, p. 148; V. 80. p. 2400.
In Sept., 1902, an agreement was made with ths Imperial Tobaooo
Co. of England by which the two interests are leit undisturbed in
their own countries, respectively, the export business of both being
turned over to the British- American Tobacco Co., of whose $30,000,000 stook the Consolidated owned $20,000,000 and the Imperial $10,000,000. V. 75, p. 735; V. 73, p. 618, 724, 1359; V. 76, p. 868. 921.
&
U
.
,
Oct.
,
:
INDUSTRIAL STOCKS AND BONDS.
1905. J
MISCELLANEOUS.
Date
Size, or
1896
$100
100
100
100
100
1905
1,000
Amount
of
Par
For explanation of oolumn headings, &c, see notice on
Bonds Value. Outstanding
first page of tables.
American Type Founders— Stock
7 ner cent, cumulative, $2,000,000
veo., g. $1,000,000, s. f ., $20,000 yrl.v., beg. Sep., *00in e
Amer. Waltham Watch Co.— Stock, $4.000.000
Am. Wind. 01 ass Mach.—Stock, $0,557,794 7% cum., pref
Debent's, $5,000,000, g.,due $1,000,000 y rly, red. par
American Woolen— Pref. stook, 7 p. C, cum., $25,000,000
Wood Worsted Mill Corp. con. & eq. notes, gu. p. & i text
Amer. Writing Paper— Pref. stock, 7% cum., $12,500,000
c*
1st M., s.f.,g.,$17,000,000, call. aft. July ,'09,105. OB.
Pref. stock,
,
Associated Merchants— Common stock
1st pref., 5 p. o. cum., $10,000,000, convert, at par. .text
2d pref., 6 p. o. cum., see text
Barney <£ Smith Oar— Common st >ok, $1,000,000
Preferred 8 percent, cumulative. $4,500,000
-1st mortgage, $1,000,000, g., oall 110
Bethlehem Steel Corp.— Prf.stk.,7 p.c.nonou.. $15 000,000
Collateral trust M., $3,000,000, g., sink, funl ITIo ..o"
Beth. Steel puroh. mon. M. for Betb. Iron, g.CP.c'tr,.
Beth. Iron, 1st mort.. assumed by Beth. Steel Co.FP 0*
Brooklyn Ferry —Brooklyn & N. Y. Ferry, 1st mort.o*&r
0*
Consol. mortgage, $7,500,000.
Brooklyn Union Gas— Stock, $20,000,000
1st con., $15,000,000, g.G (for underlying bds. see text)
Debentures, convertible after March, 1907
K
100
1905
100
1899
1,000
100
100
100
100
100
"Too
1905
1,000
1901
1,000
1886
1.000
1886 500 &o.
1898
1.000
100
1895
1,000
1904 500 &o,
Stock.— Of the
stock, $1,310,900 preferred and $59,757,550 comare reserved. The preferred stock has voting powu* only as the
statute expressly gives the power to vote. See V. 79, p. 1025; V. 80,
mon
p. 167.
Dividends.— Div. on pref., Jan. to
Oct., 1905, bothinol., 1*$ p. c. quar.
com., 2 * p. c, quar., paid Mar.l, 1905, to Sept., 1905, both
inol., I p.
quar.
Bonds.- No mortgage on the property or specific charge on earnings
shall be oreated except in express subordination to the rights of the
holders of both issues of bonds. The rights of the 6 per cents are
prior to those of the 4s. A sinking fund of $500,000 is to be paid
annually to the trustee of the 6 p
bonds for their purchase in the
open market at not exceeding 120, the money, in case they cannot be
obtained, to be returned to company. See V 79, p. 1956; V. 80, p. 167.
In Jan, 190^. $51,2 l0,200 of the $56,090,400 6 p. c. bonds and $72,757,400 of the $78,689,000 4 p. 0. bonds authorized had been listed,
with authority to list the balanoe as exchanged under plan.
Report.—Report for year ending Deo. 31, 1904, V. 80, p. 1055. The
position of the new ooinpany on the basis of the earnings in 1904
(V. 78, p. 1107), excluding duplication, is figured as follows:
Net earnings of constituent companies in 1904, after expenditure of large sums for extension of business
$22,304,696
Deduct requirements of new company—
Interest on $56,090,416 6 per oent bonds
$3,36 >,425
Interest on $76,689,100 4 per oent bunds
3,147,564
Dividends on $78,689,100 tt per cent preferred stook
4,721,346
Balance, surplus, applicable to common stock
#11,070,361
Officers.— President, James B. Duke; Vice-Presidents, John B. Cobb,
Caleb C. Dula, Charles E. Halliwell, William R. Harris and Peroival
S. Hi 1; Secretary, Wm. H. McAllister; Treasurer, John M. W. Hicks.
Directors, V. 79, p. 1024.— (V. 81, p. 213, 267, 976.)
American Type Founders Co.- Incor'd lnl892 under laws of N.
J., V. 55, p. 625 and adv.
In 1896 the capital stook was readjusted.
V.62, p. 682. Bills payable Aug. 31, '05, $956,828. New plant, V. 77, p.
1292; V. 79, p.1703.
Dividends on com.: Apr., 1898, to Oot 1905, incl., 4 p.c. per an. In
addition in Jan., 1902, 6 p. c. scrip and in Apr., 1903, 3 p. o. scrip was
paid. Div. on pref. paid July, 1902, to Oot., 1905, inol.,1% p.c. quar.
Annual Report.— Report for year ending August 31, 1905, in
Chr n., Oot. 28, snowea gross profits after deducting expenses,
$434,471; interest oharges, $101,957; net, $329,514; div. on common
(4p.o.) $160,000; div. on pref., $127,708; bal., sur., $41,803. Pres
R. W. Nelson, 300 Communipaw Ave., Jersey City.— (V. 81, p. 1243.)
On
(Q-J.)
1
:
,
American Waltham Watch.—Incorporated
in Massachusetts
manufactures "Waltham" watches; factory situated at Wal
tham, Mass. Daily output of watch movements, 3,000. V. 76, p. 161.
Dividends. ) 1879-95. '96. '97. '98. '99. '00. '01 '02. '03. '04. 1905.
Per cent. 5 8 yearly. 6
6
6 25* 3 10 10 10 12 10 J'ne.4
In 1904, June. 4 p. c; Dec, 6 p. c, including 2 extra. Balanoe sheet
Mar. 31, 1905, V. 80, p. 2343.-(V. 79, p. 2458; V. 80, p. 2343.)
in 1854;
American
Incorporated
Window
New
Glass Machine Co.— Organization.—
Jersey on Mar. 6, 1903. V. 76, p, 596, Owns
exolubive rights to certain window-glass machine patents in the U. 8
See V. 76, p. 596, 707. In Mar., 1903, purchased nearly all of common
stock of Amer. Window Glass Co. and leased patent rights to latter on
royalty. V. 76. p, 707, 867; V. 77,p. 2282; V. 79, p. 2644. Debentures,
$5,000,000. See table above.
Stock.— Stock authorized, common, $13,000,000; pref., 7 p. c. cum.,
$7,000,000; par of shares, $100; of this, $6,449,000 common and
$500,000 pref. were issued to acquire pateDt rights and $6,500,000 of
each were available for purohase of $13,000,000 Am. Window Glass
common stock; outstanding Jan., 1905, pref., $8,557,794; com., $12,557,794. The Window Glass company's $4,000,000 cumulative pref.
stock (in shares of $100) was to be protected in its right to dlvs. of 7%
Ser annum as paid Mar., 1900, to Mar., 1903, semi-annually; no divl
ends paid since to Apr., 1905. inclusive. V. 76, p. 707.
President, W. K. McMullin, Sec. and Treas., A. E. Braun, Pittsburgh,
Pa.-(V. 77, p. 2282; V. 79, p. 2641; V. 80, p. 1915, 1974.)
4 mer,canWo °len Co.— Organization.—Incorporated Mar. 2910
*maer law8 of New Jersey as a consolidation of the Washington
lE?i
Mills, Lawrence, Mass.; National Providence Mills, Providence, R I.,
et0 7 see V. 68, p. 472; see also p. 617; V. 69, p. 77; V 73, p. 446; V. 73,
446 ,y- 71, P--W- Liit of properties, V. 78, p. 1118. Statement to
P:
.
Stook Exchange, V.71,p. 1316.
The Wood4Worsted Mill Corporation, who^e $1,000,000 stock is
owned, ia building a large mill at South Lawrence, Mass, for the
manufacture of yarns and mens wear fabrics; its $3, 500,000 notes,
guaranteed pi in. and int., mature $5,O0P,00|hMarch,1910; $2,000 000
Sept., 1910, and $1,000,000 March, 1911. V 81, p. 900, 842.
7
Stock.— Authorized by stockholders, $25,000,000 pref. and $40,000,ommon Outstanding, pref., $20,000,000; common, $29,501,100.
2? £
ders of record Aug. 1 wereoffered the right to subscribe to the
*i
$5,000,000 treasury pref at par, payable 50 p. 0. Aug. 15 and 50 p. 0.
to Provide working capital. V. 81, p. 267. Divs on pref.,
t?* ioi2
July, 1899, to Out., 1905, both inclusive, 7 p. 0. per annum (Q.-J. 15).
Earnings.— Re port for year ending Deo. 31, 1904, in V. 80, p. 1055,
showed: Net profits, $3,042,330; previous surplus, $6,554,596; dividends at 7 p. c. per annum, $1,400,000; net surplus, $8,196,925. Pres.,
Wm. M. Wood; Treasurer. W. H. Dwelly Jr.; Asst. Treas., B. F. Smith;
Bee., Jos. T.Shaw. Office, Ames Building, Boston, Mass. Direotors,
Mar., 1904, V. 78, p. 1118 - (V 81, p. 267?615, 842, 900.)
American Writing Paper Co.— Organization.— Incorporated,
in New Jersey on June 25, 1899, as a consolidation of fine writing
r m] l8
8e
R££? stock, i-, , *e p £°>8 P ectU8 v 69 P- 25. 128, 227; V. 80. p. 1172.
Com. * l $11 500,000, of whloh $2,000,000 in treasury; parof shares,
$100; preferred stock and bonds as in table. See V. 70, p. 998. In
lu
'
:
-
-
«™ A
.
^
™
>
-
>
$4,000,000
2,000,000
900,000
4,000,000
19,115,558
5,(00,000
See text.
3,500,000
12,500,000
15,828,000
5,696,200
4,235,300
5,038,500
1,000,000
2,500,000
1,000 000
15,000,000
3,000,000
7,500,000
1,351,000
1,000,000
6.500,000
15,000,000
14,647,000
3,000,000
157
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
Dividecd.
Payable
Whom.
Cent.
Oct. 16,'05,1%
Checks mailed.
Oot. 16, '05,1%
do
do
N. Y., Merc. Trust Co. May 1, 1926
By company's check. Juael,'05,4%
4 in 1905
7 in 190 3
6 g.
10 in '01
Far. Oep.Nat. Bk., Pitts. Feb. 1, '08-12
N. Y., Guaranty Tr. Co. Oct. 16,'05,11i
6g
7 in 1905
Moh'iO-Mh'll
4>3
Boston, Old Col. Tr. Co.
Hud. Tr., Hoboken,N.J.
do
do
do
do
5g.
See text
See tex\
Sea text
Sent.
8 in 1901
6g-
N.
Y
Guaranty
,
See text.
Tr. Co.
New
6g.
!*•
Phila.,
York.
Girard Tr. Co.
1,
1919
1. '05.
2%
July 1. 1942
Nov.l, '05,1%
Jan. 1, 1915
Aug. 1, 1998
Feb., 1907
Phila. Fidelity Trust.
B'klyn, First Nat. Bank Jan. 1, 1911
N. Y., H.B. Hollins & Co. Aug. 1, 1948
By check from Co.'s off. Sept. 1/05, 2%
N. Y., Chase Nat. Bank. May 1, 1945
N. Y., Nat'l City Bank Mar. 1, 1909
6
5
July
Sept. 1,*05, 2*4
Oot. lS.'OS.l 1^
Ojt. 15/05, 1%
g-
See text
June, 1905, it was proposed to arrange a plan of settlement of aocrued
dividends on pref. stock. V. 80, p. 2459.
Of the $17,000,000 bonds, $572,000 were in sinking fund June, 1905,
and $600,000 in the treasury uncanceled. V. 76, p. 540. Report for cal.
year 1904, with balance sheet, in V. U0, p. 1X72, showing: Net in
come, $1,773,928; int. on bonds, construction, depreciation, etc, $1,184,547; charges to real estate, etc., $182,605; bal., sur., $106,776.
Officers.— President, W. N. Caldwell; Treas'r, George B. Holbrook
Seoretary, E. H. Hall, Holyoke. Mass. New direotors May, 1904, V.
78, p. 1963.-0V.78, p. 818, 1221,1963; V. 80, p. 873, 1172,2459.
Anaconda Copper Mining.— (V. 80, p. 1731; V. 81, p. 1045.
Associated Merchants* Co.— Organization.—Incorporated in
Apr., 1901, in Connecticut, under special charter, and acquired
$4,500,100 of the $9,000,000 stook of the H. B. Claflin Co.; 12,000 of the 18,000 shares of preferred and 6.000 of the 18,000 shares
of common stook of the Adams Dry Goods Co. and the business of
James MoCreery & Co. of 23d St. In Dec. 1901, purohased the business of Posner Bros, of Baltimore (now Stewart and Co ) and in 1903,
2,000 shares ($200,000) of the$250,000 common stook of O. G.Gunther's
Sons. V. 77, p. 449. V.73, p 1358. In 1905 acquired the business of
H. O'Neill & Co. of New York and J N. Adam Co. of Buffalo. V. 76,
The 1st preferred is exp. 5i0; V. 80, p. 1730; V. 81, p. 776
changeable at par. at holders' option, int > either com. or 2d pref.
stock. In Oct., 1904, the rights to dividends were amended so that
the 1st and 2d pref. are entitle! to receive *« p. 0. extra above 5 and
6 p.c, respectively, for each 1 p. 0. the com. shall receive over 7 p.c.
V. 79, p. 1706; V. 80, p. 118. 1915.
Stockholders of reoord Nov. 1 are offered the right to Nov. 15, 1 905,
to subscribe for $2,250,000 new 1st pref. stock at par, payable 30 p.c
on subscription and 70 p. c on or before Jan 5, 1906.
Dividends— On preferred stocks, 5 p. c on 1st pref. and 6 p. 0. on
2d pref. to Oct., 1904 (Q-J.); since to July, 1905, 1»4 p.c on 1st
p. 0. extra, and
pref. and
p. c. extra, and on 2d pref. 1^ p. 0. and
in Oct., 19'j5, M p o extra on each. V. 80, p. 118. On com., Dec,
1902, to June, 1905, inol., 1% p. 0. quar., and from Dec, 1904, to June,
1905, »4 p. c each extra, and in Sept., 1905, ^2 p o ex., V. 81, p. 728.
^
^
Report.— Report for half-year ending Aug. 1, 1905, with balanoe
sheet, was in V. 81, p. 776. President, John Claflin.— (V. 81, p. 776.
Barney
Smith Car.— Incorporated in 1892 in West Virginia.
In Mar., 190=1, the Gress Lumber Co. at *lilltown, Ga.,was acquired at
a consideration reported as $300,000. V. 80, p. 1237.
Pref. dividends resumed Dec, 1899, 2 p. 0. quar. to Sept. 1905, inol.
Report.— Report for year ending Mar. 31, 1905, V. 80, p. 2456.
Net.
Bad debts, etc. Interest. Pret. div. Bal., sur,
Tear.
$60,000 $200,000 df$l 46.91 4
1904-05
$67,245
$180,332
&
1903-04
-( V.
78, p.
60.000
633!553
2382;
Bay State Gas
Bethlehem
200,000
373,553
V. 80, p. 1237, 2456, 2459.)
Co.—See p. 174.
Steel
Corporation.—Organization.- Incorporated
in New Jersey on Dec 10, 1304, as successor per plan V. 78. p. 587,
of the United States Shipbuilding Co and acquired the entire stock of
the Bethlehem Steel Co. (see Sup., Oct., 1902, and V. 78, p. 227.) and
the entire capital stooks of the following shipbuilding ooncerns.
Union iron Works, Sau Francisco; Crescent Shipyard and the Samuel L.
Moore 4 Sons Co., Jfilizabeihport, N. J .; Eastern Shipbuilding Co., New London,
Conn.: Harlan & Hollingswonh Co., Wilmington, Del.; Canda Mlg. Co., Carteret. N. J., all "free from lie us."
, _
Stock. -Authorized $15,000,003 each of common and 7 p 0. noncum. pref.; par of shares, $100. Preferred is preferred also as to assets.
Dividends. -Div., 1M. p. c, paid Aug. 1 and Nov. 1, \905.
Bonds— Are secured by pledge of all the capital stock of the Betnie.
hem Steel Co. (subject to $-5,851,000 mort. of the Bethlehem Iron and
Bethlehem Steel companies) and of the subsidiary shipbuilding companies; sinking fun 1, $200,000 per anuum. Bonds are subject to oall
Tha fixed charges aside
as a whole or for sinking fund at 105.
from taxes are: Interest on underlying bonds of Beth. Iron and Beth.
Steel, $517,550; interest and sinking fund on new bonds. $380,000.
Report.— Receiver's report old company in V. 77, p. 1744. Earnings of Bethlehem Steel Co., V. 78, p. 227.
,
Officers.— President, Charle* M. Schwab; Vioe-rres., Edward M.
Mcllvain; Treas. Henry S. Sydor; Asst Treas., J' hn A. MoGregor;
Comptroller, B. H. Jones. Office, 100 Broadway, N. Y.
Directors. -C. M. Schwab (Chairman), George R. Sieldon, Thomas F,
Rvan, John B Borne, Pliny
Wetmore and Oliver Wren.
Fish, Edward Mcllvain. Archibald Johnston, C.
( V. 80, p. 165, 224, 474, 1114; V. »l. p. 267.)
Borden's Condensed Milk Co.— See page 174.
Brooklyn Ferry.— Organization.— Owns ferries from
W-
Roosevelt
Grand St., 23d St. and 42dSt., New York, to Broadway, Brooklyn,
and from Grand St., New York, to Grand St., Brooklyn; also leases
Tenth & Twenty-third St. Ferry for 99 years from Dec, 1898, at 5 p. o.
on $550,000 bonds and 5 per oent on $1,000,000 stock. V. 67, p. 1206.
Mortgage
Statement to N. Y. Stock Exchange, V. 69, p. 1102.
oovers real estate in Brooklyn and N. Y. and 16 steel boats. Stook
St.,
7,500,000; issued, $6,500,000; par, $100. Report for cal. year
1903, V. 78, p. 1277, showed: Gross, $1,420,495; net, $612,422; int. on
bonds, $385,000; rentals, $77,500; bal.. sur., $149,922 —(V. 81, p. 267.)
Brooklyn Union ti as.— Incorporated In N. Y. State Sept. 9.1895,
per plan V. 61, p. 831, and V. 62, p. 1141; V. 64, p. 8S7; V 80. p. 18">4.
Stock, Etc. -Stock was authorized Dec. 30, 1903. to be increased
from $15,000,000 to $20,000,000 for extensions and improvements.
The debentures are convertible into stock at par after Mar. 1,1907.
V. 77, p. 2341; V. 78, p. 289.
lv>05.
Divs.— > 1896 to 1900. 1901to»03. 1901.
9^ Mar , 2^> Jne ,2; Sep.,2.
8 yearly.
PC. J 6 yearly.
Bonds.— Mortgage of 1895 is for $15,000,000 of bonu». subject to
Outstanding. Maturity.
Interest.
Bonds.
Feb. 1, 1940
5%F.&A.
$266,000
Citizens' Gas, con.
Jan. 1, 1920
87,000
5% J. & J.
Union Gas L. con.
auth.,
.
M
M
:
.
INDUSTRIAL STOCKS AND BONDS.
158
MISCELLANEOUS.
Date
Size, or
[Vol. lxxxj.
Bona*— Itinol-
INTEREST OR DIVIDENDS.
Amount
Rate per When Where Payable, and by
of
Wot explanation of column headings, &o., see notes on
Whom.
Bonds Value. Outstanding Cent. Payable
first page of tables.
Par
Buffalo
Buffalo
Gas— 1st M., $5,900,000, red. at 115, goid.N...c* 1897 $1,000
A Susquehanna Iron— Stock, $1,000,000
1st mortgage, $3,000,000, gold. red. text.N.
... o'&r
Buifi. Terminal Co.— Common stock, $7.000,000
Pref., 5 percent, non-cum., $1,500,000
1st mortgage., $3,500,000, convertible, text
1,000
1902
100
100
KC
$5,805,000
1 000,000
3,000,000
3,500.000
1.500,000
3,459,000
See text.
8,468,000
45,000,000
5,925,000
3,863,000
37.397,600
28,080,700
31,080,000
5,280,000
7,725,600
11,838,640
1902
1,000
1,000
1905
lstconsol. mortgage, $10,000,000
50
Cambria irem— Stock (4 p. c. guaranteed)
50
Oambria Steele-Stock, $50,000,000
100
Celluloid Co.— Stock, $6,000,000 authorized
Central Foundry— Deben., $4,000,000, gold, red. 105.... 1899
ioo
Central Leather Co.— Common stock, $40.000,000
100
Pref., 7 per cent, oum . $40,000,000 (also as to assets).
1905
1st lien gold bonds, $45,000,000
1,000
U. 8. Leather deb. g., s. f., 4 p. c, sub. to call at 110. Ce 1893
100
Central A South American Telegraph— Stock $8,000,000.
100
Ohicaao J?d»son- Stock. $15.000,100
18^6
1,000
5/00,000
1st inort., $6,000,000. g., red. par, beginn'g July, 1910
1,483,0
1893
Debentures, redeemable at par
"ioo
6,500,000
Chicago Junction Rys. <6 Union Stock Yards— Com. stock
100
6,500,000
Preferred, 6 per cent cumulative, pref. also as to assets
1,000 10,000,000
o* 1890
Collateral trust, gold, $ or Ji.Ce
4,000,000
Mort. and coll. trust ref gold bonds, $14,000,000.S.o*<fcr 1900 l.OOO&o
.
Report. Re;ort for year et ding Deo. 31, 1901, in V. 80, p. 18^3.
James Jourdan; Treas., E. R. Chapman.— (V. 81, p. 33, 156.)
Brunswick Dock &. Improvement Co.— See page 174.
Buffalo Gas.—Organized in Oct., 1899, and consolidated the
See listing, V 77, p.
Buffalo City Gas Co. and Buffalo Gas Light Co.
Pres.,
common, $7,000,(00;
6 p. o. non-oum., $2,000,000, of
which $1,713,000 outstanding; par $100.
Ootober 1 to Aug. 31,1905, 11 months, net, $302,368. Report for year
ending Sept. 30, 1904, in V. 79. p 2585, showed net, $279,060; int on
bonds, $290,250; bal., deficit, $11,190. A. O. Humphreys, 31 Nassau
St., Pres.-(V. 77, p. 34, 299, 2337; V. 79, 2585.)
34. Stock
Buffalo
& Susquehanna
oref.,
Iron Company.— Organization.—
—Incorporated in New York May 14, 1902, and owns 50 acres on Buffalo
Harbor, South Buffalo, N. Y., on which has been built a plant with two
blast furnaces having a capacity of abDut 700 tons of pig iron daily.
This plant has been operated since Sept., 1904. Leases for 50 years ore
lands in Mesa&a range, Lake Superior region, near Hlbbing, Minn., and
In Menominee range at Iron Mountain, Mich., and ooal lands at Tyler
and Sykesville, Pa., In the well-known Reynoldsville basin. Controlled
by Wm. A. Rogers of Rogers, Brown & Co., Hugh Kennedy of Pittsburgh and F. H. & O. W. Goodyear of the Buffalo & Susquehanna Ry.,
whioh is building extension to Buffalo. See that oo. under railroads;
also V. 74. p. 1040, 1092; V. 75, p. 795; V. 76, p. 596; V. 78, p. 770; V.
79, p. 1463, 2061, 2091-2. Stock, $1,000,000.
Bonds.—The $3,000,000 first mortgage gold 5s of 1902, (N.Y. Security <ft Trust Co., trustee), are due June 1, 1932, but are subjeot to call
as an entire issue at 107 14 and Interest on any interest day after Deo.
1, 1907; they are also redeemable at par for the sinking fund in the
order of their numbers, beginning at the lowest number at the rate of
$100,000 yearly from June 1, 1907, to June 1, 1931, both Inclusive
President. Wm. A. Rogers.— (V. 79, p. 1463; V. 81, p. 615.)
Terminal Company.—Organization. Etc.— Incorporated In New York on Feb. 14, 1902 (V. 74, p. 477). Owns extensive terminals on the water front. 41st to 51st streets. Brooklyn, covering oity blocks, piers, each -4 mile in length, a large number of
warehouses, railroad tracks, etc.; also real estate ooverlng 9 blocks
between 28th and 37th streets to be Improved with factories and
other buildings See statement V. 76, p. 974, 1032; V. 77, p. 1227; V.
79, p. 1956. In Nov., 1904 (V. 80, p. 1005.) Bush Co., Lim., was merged.
Securities— Stock authorized, $7,000,000 common (par of shares
$100 each), of which $3,500,000 is outstanding, the balance
being reserved for the conversion of 1st 4s of 1902 at the option of
the holders, dollar for dollar, on or before January 1, 1910. Preferred stock, 5 p.
non-oum., $1,500,000. The first 4s are limited to
$3,500,000. See V. 76. p. 974. Only rear parts of property can be
sold and proceeds of sale up to $300,000 must be used to retire first
mortgage bonds. Beginning July 1, 1907, a sinking fund equal to 1 per
cent of outstanding 1st mortgage bonds must be applied to purchase
of bonds at not exceeding par and int
Of the 50 year oonsol. 5s, $1,500,000 was Issued in part payment for
the Bush Co., Lim.. $4,459,000 is reserved to retire the. 1st 4s of 1R02,
a $300,000 mort. on the Bush Co. property and a $700,000 real estate
mortgage, the latter covering 9 blocks between 28th and 37th streets,
and $4,041,000 was applicable for general purposes, of which *2,500,000 has been sold; of the latter, $1 ,500,000 in Oct.. 1905, to be issued
within a year, as required, making $4,250,000 " outstanding. V. 79, p.
1956; V. 80. p. 999, 1005. 1177; V. 81. p. 1243
Report for year ending Jan. 31, 1905, In V. 80, p. 1006, showed:
Total net income for 11 mos ending Deo. 31, 1904. of properties consolidated, $362,933; int and taxes, $184,476; bal., $178,457; profit for
Jan.. 1905 (estimated), $16,223; deduct int charge on $1,500,000
bonds paid for Bush Co., Lim. S75.00J; netsurplus for year. $119,680. Pres.. Irving T. Bush; Vice Pres., C. J. Lawrence; Treas., R.
Gould Simonde; Sec, F. B. Studwell. Office. 117 Pearl Street. N. Y.—
(V. 80, p. 995, 999, 1 U05, 1177; V. 81, p. 1243.)
Butteri< k Co. -See page 174.
Calumet
Hecla Mining.— Stock, $2,500,000; par $25.
DiviDS, > 1897. 1898. 1899. 1900. 1901. 1902. 1903.1904.
1905.
Per ot.f 160 200 400 280 180 100 140 160 To Sep. 140
In 1904 05 produced 42,822 tons of refined copper, against 38,308 in
1903-04 Report for year ending April 30, 1905, in V. 81. p. 504
(V. 79. p. 2459; V. 60, p. 873; V. 81, p. 2t>7, 504, 670.)
Cambria Steel Co.— Incorp. in Penn. in Nov., 1898, per plan in V
67, p. 688, leasing Cambria Iron Co. for 999 years at 4% on its $8,468 000 stock. (V. 68. p. 128.) V. 75, p. 443, V. 76, p. 862; V 78, p. 1166
In June, 1901, a controlling Interest was acquired bvthePennsyl
vania RR. and affiliated roads. V. 72, p. 1282, 1190; V. 73, p 84 393
Bush
&
—
'
Notes (5s), $45,000, due June, 1905. and $565,000 in 19C6.
Dividends.— Since reorg. 1902 to Aug., 1905, incl., 3 p. 0. yearly
Report for year ending Dec. 31, 1904, with balanoe sheer, was in
V. 80, p. 1 171, showing net, $1,925,543; other income, $289 353charges. $451,239; dividends (3 p. c.) $1,350,000; depreo'n, $350 000
bal., but., $63,657. Directors, V. 73. p. 339, 844.— (V. 80, p. 11 71.)
Celluloid Company.— Organization.— Incorporated Nov. 28
:
:
1890, In N. J.
Stock, $6,000,000; issued $5,925,000; par, $100.
Dividends.- >*96. *97. '98. '99. '00. '01. '02. '03. '04. 1905.
Percent
4
S 4>s
8
Factories at Newark, N. J.: offloe,30 to 36 Washington Place, N. Y.
President M. C. Lefferts; V.-Prea., L. E. Lefferts; 2d V.-P., D G. Maynard; Treas , F. R. Lefferts; 8eo., J. R. Halsey.— (V. 75, p. 1304.)
4^677888
Centra] Fireworks Co.—Organization.— Incorporated in New
Jersey June, 1896. Properties controlled, see V. 72, p. 341. Stock
authorized $1,750,000 each of common and 7 p. 0. oum. preferred;
outstanding common, $1,406,800; preferred, $1,267,200. No bonds.
5g. A.
&
O. N. Y.,
5g. J.'&D.
Standard Tr. Co
N. Y., Fisk
& Robinson
When Due.
Stocks— Last
Dividend.
pal
Oct.
1,
1947
June l,"i932
8 A. & O. N. Y., Knlck. Trust Co Apr. 1, 1952
t g. J. & J. N. Y„ Tit. Gu. & Tr. Co Jan. 1, 1955
5
4 In 1905 A. & O.
Checks mailed,
Oct. 2, '05, 2%
3 in 1905 F. & A.
do
do
Aug. 15,'05,750
8 in 1905 Q.-J. N. Y. Of., 30 Wash. PI Oct. 2/05, H*
6g. M. & N. NY, Bar'g,Magoun& Co May 1, 1919
'
New York.
See text. Q.—J.
Oct."2,''05, 1%
5 g. A. & O, N. Y., Central Tr. Co. Apr. 1, 1925
6 g. M. & N. N. Y.,ParkBk.; Boston May 1, 1913
6 in 1905 Q.-J. N. Y„ Office, 66 B'way Oct, 6, '05, l 1*
8inl9u5 Q.-F.
Nov. 1, '05, 2%
A. & O Meroh. L. & T. Co., Chic July 1, 1926
S g
do
do
Jan. 1. 1913
6 g. J. & J.
8 in 1905 Q.-J. N.Y.,Office,25 Broad St Oct. 2, '05, 2%
do
do
Oct 2, '05, li«
6 in 1905 Q.-J.
5 g. J. & J. N.Y., Cent. Tr.; London July 1, 1915
4g. A. & O. N. Y., Standard Tr. Co Apr. 1, 1940
-
Dividends on common: 2 p o. yearly paid Aug., 1900, to Aug.,
both lncl. (F. & A.); in 1904, Sept., >s p. o.; in 1905, Mar., 1 p
pref., 7 p. 0. yearly to Mar., 190.% (M <fe S.) Checks are mailed.
dent, William A Turner; Sec. and Treas., Geo. T. Egbert. Office,
1903,
c; on
Presi-
9 and
New York.— (V. 78, p. 1500.)
Central Foundry.— Incorporated In New Jersey on July
11 Park Place,
11,
1899, and acquired manufactories of soil pipe said to control 95 per
cent of trade In the U. S.; V. 69, p. 178; V. 71, p. 1222; V. 81, p. 779.
Stock, $7,000,000 each of com. and 7 p. c. cum. pref., of which #350,000 of eaoh is in treasury; par of shares $100. Report for year ending
June 30, 1905, was in V. 81, p. 724, showing: Profits, $511,423;
bond interest, $231,780; equipment, etc, $42,705; depreciation, $236,938; balanoe, none. Directors Aug., 19<'5. V. 79. p. 905; V. 81, p. 779.
President, Alfred Fowle Jr.; Sec. and Treas., W. L. Rogers
(V. 79, p.
784, 905; V. 81, p. 724.779.)
Central Leather Co.— Organization.— Incorporated in New
Jersey on April 12, 1905, as a reorganization, per plan V. 79, p. 2751,
of the U S. Leather Co. [V. 56, p. 757; V. 57, p. 23; V. 71, p. 817; V. 81,
p 213,560,1176.] Output, sole leather. The old TJ. S. Leather preferred stock per $100 received In new securities $50 bonds, $50 preferred and $23 50 common stock, and the old common $30 in new Common stock. In July, 1905, * 60 000 000 of tne $62,882,300 common
and $°> 6, 160 000 of the $62,282,300 U. 8 Leather pref. stook had
been deposited. Statement to N. Y. Stock Exchange showing properties acquired, rights of stock, etc., V. 81, p. 504.
Stock and Bonds —Stock auth., $40,000,000 eaoh of common and
7 p. c. oum. pref.; par, $100. Of the securities, $13,858,850 bonds,
$8,858,850 pref.and $298,969 oommon stook are reserved to retire the old debentures and for additional properties, working capital,
—
etc.
The new bonds
'will
be secured by a
first
mortgage on
all
the
assets and lands acquired and, pending their physloal acquisition, by
the shares of the old co npany (over 90 p. o. acquired), and all the stock
»nd bonds of its subsidiaries, including the $9,000,000 first mortgage
5 p. c. 15 -year sinking fund gold bonds and $10,000,000 stock of
the Central Pennsylvania Lumber Co (authorized amount $20,000,000).
V. 76. p. 1196; V. 78. p 50; V. 81, p 1 176.
Debentures have sinking fund 4 p. 0. of issue yearly, and are purchased or drawn at 110; $9,653,000 have been certified, but on Deo.
31, 1904, only $5,280,000 outstanding and $1,400,000 In the treasury,
of the latter about $400,000 retired by sinking fund and oanoeled Aug.
1,1902. V. 74,p. 732. See adv. in Chronicle of May 6, 1893, and
application in V. 57, p. 23.
Dividends.— First div. (quar.), 13»%, paid Oct. 2, 1905.
Anncjal Report— Fiscal year ends Deo. 31. Balanoe sheet July 3,
1905. V. 81, p. 504. Report of old company for 1904 was In V. 80,
p. 870; V. 81, p. 208. showing
Bah, sur.
Prtf. div.
RtcHptt. Admi'i np. Taxes,ttc, AUint.
Year—
DOi
1903
»i.9;8,8B2
4,830.831
*416,B3si
8t)4,095
tU4,<>8i
146.870
(1*7.0)6
497,7»*
$3,733,988
3,73(93-*
$107,306
68,137
H
W. Hill; Treasurer, James
Officers—President, E. C. Hoyt; Seo'y,
R. Plum. N. Y. Offices. 52 William and 26 Ferry Street. Dlreotors, V.
81. p. 1243.— (V. 81, p. 779, 1176, 1243.)
South American Telegraph.— Owns cable line from
Central
Vera Cruz, Mexico, to Valparaiso, Chili, 4,750 miles, and land lines
850 miles, etc Also the Trans-Andine telegraph lines, 1,200 miles.
Connects at Vera Cruz with Mexloan Telegraph Co., and owns an interest in cable and duplicate cable (the latter laid July, 1905,) between
Galveston and Coatzacoaloos, 825 miles, etc
'97.
1898 to Oct., 1905
Dividends, ) 1885. '86. '87. '88-'96.
4
6
6%
6 yearly (Q.-J.).
Percent. \ 4
7 y'rly
In 1890 20 per cent in stock. Report for year ending Dec. 31, 1904,
was In V. 80, p. 1727, showing gross, $1,140,454; net, $727.032; div. (6 p. C), $463,536; renewals. $67,922; bal., but., $195,574.
Year 1903, gross, $1,072,134; net, $666,838; dividends, $463,536.
Offloe, 66B'way.— (V. 80, p. 1237, 17*7; V. 81, p. 33.)
&
Central Union Telephone Co.— See page 174.
Chesapeake & Del. Canal.—See this Section for July, 1905.
Chesapeake A Ohio Canal—Sdpp. 1890; V. 81, p. 268.
Chicago Edison Co.— Organization.— Controls Edison patents
for eleotrlo lighting in Cook Co., 111., under perpetual license from
Ed. Elec Light Co. of N. Y. In Jan., 1893, the Chicago Aro Light Co.
was purchased. The Chicago Seoiional Underground Co. is leased, its
$227,000 4 p 0. bonds being guaranteed, prin. and int., and interest
on $33,000 p. c See Commonwealth Electric Co. below.
Dividends.— Dividends paid from 1889 quarterly to Nov., 1905, Inclusive, 8 p. 0. per annum. (Q-F).
Report— Report for year ending Mar. 31 was In V. 80, p. 1970.
Intere*
urosH.
Net.
Dividends. Bal., sur.
Ttar.
1904-5
$4,051,082 $1,423 613 $360,232 (8)$789,262 $274,119
1,322,619
295,005
1903-4
3,837,659
307,088
(8)720,526
President, Samuel Insull; 8*c. and Treas., William A. Fox. Office.
139 Adams St., Chioago.— (V. 79, p. 2459; V. 80, p. 1 970.)
.
Chicago Junction Railways &. Union Stock Yard*.— Organization.— Incorporated in 1890 in New Jersey, and purchased 98
per cent of the stook of Union Stook Yards & Transit Co. of Chioago.
Thus controls over 450 aores of land (with one mile of water front),
containing warehouses, sheds and pens to aooommodate 75.000
oattle, 300,000 hogs, etc See Chioago J unction Ry., in "Railroads.''
Dividends.— On pref., 6 p. 0. yearly (Q.— J.). On oommon 1891, 10;
1892 to Oct., 1905, lnol., 8 p. 0. yearly (Q-J). V. 70, p. 328.
Bonds.—The collateral trust bonds are seoured by pledge of over
120,000 shares of the stock of Union Stook Yard Transit Co. Of the
$14,000,000 4 per cent bonds, $10,000,000 are reserved to take
the collateral trust 5s. See V. 70, p. 1251; V. 72, p. 389.
up
—
)
INDUSTRIAL STOCKS AND BONDk
Oct. 1905.
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of ooluinn headings, Ac, see notes on
Outstanding
Bonds Value.
tirst page of tables.
$100
100
100
100
Chicago Pneumatic Tool Co.— Stook, $7,500,000. ..
Olaflin (H. B.) Company— Common stook
< pref. as to princi1st pref. 5 per oent,gold, cuin
2d pref. 6 per cent, cumulative.... ( pal and dividends. J
Colorado Fuel <k Iron— Conv. deben., red. at 105. IC.o*&r
Colorado Fuel Co's gen. mort., gold, s.f., red.llO.OTo.o"
Col.F. A I. gen. M. ($6,000,000) g.,s.fd.,red. 105.Ce.o*&r
Ool. Icdus. 1st M.,g.,( conv. till Aug 1, 1906.N. o*&r
c"<fcr
gu., p. & i.,oall 105 s not convertible.
1901
1889
1893
1904
1904
1,000
1,000
1,000
1,000
1,000
1889
1889
1901
int.red.)Ce.o* 1887
6s
1,000
1,000
BOND8 OF PROPERTIES CONTROLLED.
& Coke 1st M.. g. ($125,000 guar.).Ce:.c
o*<fcr
A It. Devel., 1st M., g.,red. 105. Ce
Rocky Mountain Coal & Iron, 1st mort gold, guar K.
Gr. Riv. Coal
Col.
Coal
,
Ool.etHock. Coal
<t
Iron— 1st M.,
g.,
(old
1897
Report.—Report for 1904
Tear ending Dec. 31—
Dividends of U. S. Y. Co., &0
Balance previous year
General expenses, rents, &o
Interest on bonds
Dividends
A£
1898
1902
*
Consolidated Cotton Duck— Common stock $7 000.000..
Pref. (also as to assets) 6 per cent, oum., $6 000 000 ..
c*
Mt. Vernon-Woodberry 1st M., gold, $8,000,000
Oonsol. Gas of Baltimore—Stock auth., $11,000,000
•••
50
50
1S99
1,000
100
1880 500 Ac.
1888
1,000
1904
1,000
c
c*
0*
«eBa
$
100
Debentures, redeemable, text
Real estate mortgages
1st mortgage bonds
Consol. 1st M.,gold, $3,400,000.
General mortgage, $15,000.000. gold
1,000
100
Commercial Cable— Stook autu. $25,000,000 (V.76, p. 215)
First M. (incl. deben. * stock), $20,000,000. gold.F.-Cfer
Common wealth, Electric—Stock, $10 0' 0,000.
1st mortgage (Northern Trust Co., Chic, trustee)
in V. 80, p. 869.
1904.
1903.
$2,531,282 $1,849,175
1902.
$1,852,388
522,922
65,412
660,000
910,000
55,000
$681,685
366,929
71,395
660,000
910,000
55,000
$522,922
681,685
67,603
660,000
910.000
Depreciation
$893,679
Balance, surplus
1903
1902.
1901.
Vn Stock Tds.ATr. Co.— 1904
$4,944,635 $5,164,829 $4,547,197 $4,401,216
Gross earnings
1,948.713
2.062,824
2,075,360
2,117,851
Netearnings
Directors.— Nathaniel Thayer (Prest.),F. H. Prince (1st Vice-Pres.)Geo. P. Gardner (2d Vice Pres.), Gordon Abbott, E. N. Foss, Geo. H.
Norman and Mark T. Cox, of Boston, and Chas. G. Dawes, of Chloago;
J. Kean, N. J.; W. D. Guthrie, N. Y. N. Y. off., 25 Broad St.— (V.81,p 213.)
Chicago Pneumatic Tool Co.— Organization.— Incorporated
New Jersey on Deo. 28, 1901, and took over the Chloago Pneumatic Tool Co., Boyer Machine Oo.of Detroit, Standard Pneumatic Tool
Owns entire
of Aurora, 111.; Canadian Pneumatic Tube Co., etc.
£300,000 stook Consol. Pneumatic Tool Co. of London; V. 76, p. 379;
V. 80, p. 648; V. 81, p 33. In 1904, the oompany beV. 78, p. 1389
gan to manufacture electrio tools. V. 79, p. 905; V. 80, p. 648.
In Feb 1905, control of the Chicago Storage Battery and Philadelphia Pneumatio Tool companies was acquired. V. 80, p. 714, 873. 1114.
In Aug:., 1905, an option was obtained on the plant of the MoKiernan
in
;
,
Rock Drill Co. V. 81, p. 560.
1905.
Dividends.—
)
1902. 1903. 1904.
Apr .1%. July, 1%. Oct.,1%
Percent
6
7*
%,
5
Bonds.— $2,500,000 first 20-year gold 5s, ($1,000 each) due Dec 31,
1921; outstanding, $2,240,000, $114,000 bavingjbeen redeemed by the
sinking fund; int. J. & J., at Nat. City Bank, N.Y. Central Realty Bond
A Trust Co. ofN. Y., trustee. They are subject to call at 105 from
Jan. 1, 1907, or beginning Jan. 1, 1903, they may be drawn by lot at
the same price for a yearly sinking fund of $50,000. V. 74, p. 208.
Earnings.— For 9 mos. end. Sep. 30, 1905, profits, $655,733; depr'n,
repairs, etc., $90,193; int. and s. (., $123,750; dlv. (3%), $183,413;
.
bal., sur.,
,
$258,376.
Repokt.— Report for year ending Deo. 31 1904, with balance sheet,
was inV. 80. p. 648, showing: Net profits, $470,579; int. on bonds,
$115,000; sink, fund, $50,000; written off for depreciation, bad debts
,
etc, $165,255; bal., sur., $140,324. Business, Apr., 1905.V. 80,p.l481.
Officers.—Chairman of Board, Chas. M. Schwab; President, J. W.
Duntley; Vice-President, W. O. Duntley; Secretary; and Treasurer, S
W. Prince. Executive Committee, J. W. Duntley, Chas. M. Sohwab. J.
R. MoGinley. Directors (Sept., 1903), V. 77, p. 771; V 78, p. 50. Gen
office, Fisher Bldg., Chloago; N.Y. office, 95 Liberty St. -(V. 81, p. 615.)
Chicago Telephone Co.— (V. 79, p. 154; V.80, p. 224, T10.)
Claflin (H. B.) Company.—Luoorporated under the laws of New
Jersey in May, 1890, and deals in dry goods. Frontage 375 feet on
Worth St., N. Y. City. V. 71, p. 83. Associated Merohants' Co. owns
$4,500,100 of the $9,000,000 stock. See that co. above. V. 72, p. 724.
'93. '94 to Apr.,'99. J'y.AO '99. '00 to '04.
Dividends.—
1905.
713
Com., p. c
6 (1*2 Q.-J.)
2 each.
8 (y'rly)
8
Report.— Report for half-year ending June 30, 1905, V. 81, p. 213.
Net for dividends, $3 17,934, against $3 0,760 in 1904; interest on 1st
and 2d pref., $142,125; dividend on common (4 p. c), $153,164; baianoe, sur., $22,645. Reserve for com. stook June 30, 1905, $1,325,087.
Profits for calendar years before deduoting any dividends: In 1901,
$631,697; in 1903, $619,847r in 1902, $629,563;— (V. 81, p. 213.)
1
Colonial Sugars Co.— V.
Colorado Fuel
77, p.
1224, 1227, 1239;
V. 79, p. 502.
Iron Co.— A
Colorado corporation formed In
Ootober, 1892. In June, 1903, Rockefeller-Gould interests assumed
oontroL V. 76, p. 1410. Annual capacity of finished steel products
to be 550,000 tons. V. 73, p. 561; V. 75, p. 1149; V. 79, p. 736.
Under the reorganization plan of 1903 (V. 77, p. 2037, 2282, 2341;
V. 79, p. 736, 1267» the Colorado Industrial Co whose entire capital
stock ts owned, created an issue of $45,000, OOOoonsol first mort. guaranteed bonds (see below, also full statement in V. 80, p 1726.)
Stock.— Preferred is $2,000,000 8 per cent cumulative (par $100);
common, authorized $44,200,000, of which $14,068,000 is reserved to
retire, $ for $, on or before Aug. 1, 1906, the oonvert. debentures of
1901 and Col. Ind. guar. "A" 5s.
Bonds.—The Colorado Industrial guaranteed 5s ($45,000,000 authorized issue) cover all the proper tv of that company and are further
seoured by deposit of $12,378,000 of the $14,068,000 debentures of
1901 and entire issues of securities of subsidiary cos. named, viz
$4,500,000 bonds and $100,000 stock of Col. & Wyo. Ry.; $3,000,000
Rocky Mtn. Coal A Iron stock and $331,000 stock and $160,000 notes
of Crystal Riv. Ry. The unissued bonds are applicable as follows:
Series "A" (limited to $14,068,000) $1,690,000, to take up unexchanged convertible debentures; eeries " B" (limited to $30,932,000)
$6,000,000 to retire gen. mort. 5s of 1893. V 80, p. 1481, 1726.
For 5 p.c convert, debent. of 1901 see V. 72, p. 990. and plan above.
Application for listing gen. mort. bonds was in V. 62, p. 461.
Report— Report for 1903-04 in V. 79. p. 2146. In 1904-5, gross.
$18,615,017. against $11,851,330 in 1903-4; net, $1,474,193, against
$167,317; total net income, $1,922,047; def. under charges. *341,992.
dc
,
•—
Qy*oss
JV ct
Tear end'g June 30. 1904.
1904.
1903.
1903.
Fuel department
$3,455,496 $9,304,427
$519, "37 $1,305,022
Iron and steel depts.. 5,005,911
6,981,828 def.316,300
926,781
Retail dept., etc
164.268
367,708
15.457
26,046
Total
$8,625,675 $16,653,963
$218,995 $2,257,849
Bal.to inc. acct. aft. deduct'g gen. expenses..
$3,267 $1,990,983
$6,113,800
3,829,100
2,600,300
2,570,600
1,690.000
600,000
5,355,000
12,378,000
24,932,000
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Cent.
Bonds— frinolpal,When Du*.
by Stocks— Last
Whom.
Dividend.
Checks mailed.
Checks mailed.
do
do
do
do
Oct. 25. '05, 1
Oot. 15.'05,2%
Nov. 1, '05,li4
Payable
See text. See text
8 in 1905 Q.-J.
5 in 1905 Q.-F.
Nov. 1, '05,mi
6 in 1905 Q.-F.
Aug. 1, 1911
See text.
5 g. F. A A
6 g. M. & N. N. Y., Metrop. Trust Co. May 1, 1919
F. A A. N.Y., Chase Natl. Bank Feb. 1, 1943
5 g. P. & A. N. Y., New York Tr. Co. Aug. 1, 1934
Aug. 1, 1931
Do
5 g. P. <& A.
6g.
5g.
917,000
673,000
696,000
784,000
23,000,000
20,000,000
6,750,000
7 000,000
5*0,000
180 000
7.C00 000
5,7f>0
159
5
g;
8*
4g.
5
5
g.
&
&
A
&
O. N. Y. .Knickerbocker Tr. Apr. 1, 1919
'uly 1, 1909
J. N. Y., Central Trust Co.
N. N. Y., Knickerbocker Tr. May 1, 1951
M.
J.
J. N. Y., Central Trust Co. Jan. 1, 1917
Q.-J.
N. Y., 253 Broadway. Oct. 1,1904,2
Q.-J. N.Y., F.L.A T.Co. A Oft Jan. 1, 2397
A.
J.
M.
F.
000
7,000,000
5 g. M.
10,770,968 4 In 1904 J.
6
J.
3,584,500
3,400,000
5g. J.
4»*g.
2,500,000
A
& 8. Chic Nat.
AA
&
A
&
&
&
S.
D.
J.
J.
O.
Bk., Chicago.
June
1,
1943
Feb. 1, 1917
Sept. 1, 1949
June 1, '05, 2%
Checks mailed.
Farm. & Mer.Bk., Bait. July 1, 1910
July 1, 1939
do
do
Bait., Fid. & Depos. Co, Apr. 1, 1954
Cont'l Trust Co., Bait.
Other Income in 1903-4, $27,945; interest, $1 ,064,300; taxes, $135,348; sink, fund, etc, $416,492; bal., def.. $1,584,858.
Officers.— President and Chairman of Board, F. J. Hevi9; Sec,
D. 0. Beaman. Office, Denver, Col. New York offloe, 195 Broadway.
Dirbctors:— Geo. J. Gould, Kdwln Gould, K. T. Jefferr, Window 3. Pierce
Alvlo W. Kreeh. Benjamin Niooll. J. H.McClement, K. J. Heame.H.W. Oglebay>
Edwin Hawley, E.H. Harriman, Wlllard P. Ward. D. C. Keaman. Executive
Committee, Geo. J. Gould, Wloslow 8. Pierce, B. T.Jeffery. Benjamin Nicoll and
F. J. Uearne.— (V.80. p. 2460; V. 81. p. 124».)
Columbus 4c Hocking Coal 4c Iron Co.— See page 174.
Commercial Cable Co.—Owns three cables from Nova Scotia
to Ireland one from Ireland to Havre, France two from Ireland to
Bristol, England two Nova Scotia to New York and one to Rockport,
Mass., Ac; and one from Fayal (Azores), to Canso (Nova Scotia), one
from Fayal (Azores) to Ireland; total oables 13,000 miles. Also controls
Commercial Paoiflo Cable Co., whose lines from San Franclsoo via
Hawaiian Islands to the Philllpine Islands, 8,000 miles, were opened
on July 25, 1903. V. 76. p. 541; V. 77, p. 39, 198. A fifth cable to
Europe was opened October, 1905 V. 80, fp. 995. Cables from
Guam to Japan and Manila to China were opened during 1904.
The Mackay Companies owns the entire $23,000 000 stock, acquired
;
;
;
;
Amendment to certificate of
V. 78, p. 990; V. 80, p. 995,
incorporation Nov., 1904, V. 79, p. 2549; V. 81, p. 976.
Jan. 1, 1897, Postal Teleg. Cable Co. was purchased and its stook of
$15,000,000 mostly exchanged, $ for $, for 4 p. c bonds. The 1st mort.
covers all property and leases and also the stocks owned of the various
companies controlled -see V. 64, p. 951; V. 72, p. 535. Postal Co. Dec
31.1903, had 200,972 miles of wire (land lines). 3,017 offices. The
Postal Co. has also working arrangements with 7 5,273 miles of wire and
16,960 additional offioes. V. 74, p. 1357; V. 75, p. 79.
1897 to 1904.
1890.
1891 to 1896.
Dividends.— > 1889.
8 yearly.
1^
6
Per oent
7 yearly.
.5
Report.— Fiscal year ends Deo. 31. Report for 1903 in V. 78, p. 1107.
in 1904.
Cross.
Tears.
Net.
Reserve.
Div'ds.
Int., etc.
$1,200,000 $500,000
500,000
1,066,664
500.000
1,066,664
Offloe. 253 B'dway, N.Y.— (V. 79, p. 1464, 2459, 2590; V. 81, p. 976.)
Commercial Union Telegraph Co.— Stock, $500,000 guar.
6 p. 0. (J. A J.) by Postal Telegraph Cable Co.; par of shares, $25.
1903
1902
1901
$11,025,634
10,208,293
9.629.794
$2,513,440
2,383,589
2,259,896
$80t,9i3
800,000
783,694
Commonwealth Electric Co.—Organization.— Formed in 1898
by Interests controlling Chic Edison Co. to serve the' suburbs of Chioago. Franchise 50 years. (Compare V. 67, p. 482; V. 79, p. 214, 272.)
Additional 1st M. bonds are issuable for not exceeding 75 p. 0. of
cost of farther extensions or improvements. V. 79, p. 214. Debentures are subject to call during first 5 years at lOO^, and thereafter at
par.
V. 74, p. 990.
Report —For year end. Mar.
31, 1905, in V. 80,
p 1970.
Bal., surp
$283,292
$588 361
$305,039
$1,816,765
240,527
516 264
275,737
1,350,999
President, Samuel Insull; Secretary A Treas'r, Wm. A. Fox. Offloe,
139 Adams St., Chicago. - (V. 79, p. 272; V. 80, p. 224, 1 970, 2623.)
Consolidated Car Heating Co.— Supplies steam and hot water
apparatus for heating railway trains and electrio heaters for street
cars, etc.— V. 70, p. 232. Stock, $1,250,000; outstanding, $1,130,400;
par $100. Dividends F. & A.
Cross.
fea)
Net.
Interest.
1904 05
1903-04
'04 1905
'93 '94 '95 '96 '97 '98 '99 1900 '01 '02 '03
5J3
7*2
3
1 3^ 1^ 3
4
6
7
6
4
6
Officers and directors June, 1900, V. 70, p. 1252; V. 76, p. 1357.(V. 78, p. 1111; V. 80, p. 225.)
Offloe, 42 Broadway, N.
Div's—
)
Percent.
S
Y—
Duck Co.— Obqanizvtion.— Incorpor
ated In Delaware in June, 905, per plan V. 80, p. 1916, to control the
U. 8. Cotton Duok Corporation, owning 3 mills, and the Mount Vernon-Woodberry Cotton Duck Co. (see list 14 mills, V. 69, p. 129,1 and
In June, 1905,
uli imately aoquire the legal title to the properties.
more than 8t* p c. of U. S. Co. stook and 87 p. o. of Mt. Vernon income
bonds had been acquired on following terms (V 80, p. 2460j:
Received
Holders for Each $1, 000 of
Amount
Exinting Securities.
Ustanding. New Pref. New Com.
$166'%
$50)
Income bonds Mt Vernon Company. $3,0(0,000
7273 tl
1,000
Pref. stock U. 8. Cotton Duck Corp.. 2.750,00.)
400
Com. stock U. 8. Cotton Duck Corp.. 10,000,000
8TOCK, Etc.— Common stook. $7,000,000; pref.. 6 p. c cum., $6,
000,000, of whioh $250,000 will remain in thetreasnry. Underlying
bonds of Mount Vernon Co., $2^0,000; U. 8 C tton Duok Corp., $175,000. Of the Mount Vernon bonds, $1,000,000 in the treasury on Apr.
1, 1905, was pledged as part security for $l,24S,000 bills payable.
The net quick assets of U. 0. Co. ($988,135 on Deo. 31, 1904.) will, it is
believed, on a cousolidation furnish sufficient working ca ital.
Report.— Report of old cos. for half year ending June 30, 1905
(V. 81. p. 670), showed: total 'ncotne. $4,660,837; gross profits, $567,744; miscel interest, $167,247; int. on Mt. Vernon Woodberry 1st 5s,
$175,000; bal.. sur., $22%497.
Report for calendar year 1904, V. 80, p. 874, showed net earnings
of United States Cotton Duck Corporation, $226,282; int. and
gen. expenses, $123,456; oal., sur., $102,826. Surplus earnings of Mt.
Vernon Company over interest were $63,260.
Chairman of Board, S. Davies Warfleld; Pres't, Chas. K. Oliver;
Continental Trust Bldg., Baltimore, Md. Directors 1 id officers, V. 81,
p. 214.— (V. 80, p. 2460; V. 81, p. 214, 670 )
Consolidated Gas of Baltimore City.— Incorporated May 5,
1888, under the laws of Maryland. In 1905 $U,56-t,400 of the stook was
acquired by the New Consolidated Gas, Eleotrio Light A Power Co. of
Baltimore, which also in May, 1905, ottered to purchase the minority
stook, giving in exchange $1,000 in its general 4*ss for eaoh 10 shares
Consolidated Cotton
1
>
•
v
c
INDUSTRIAL STOCKS AND BONDS.
160
MISCELLANEOUS.
For <xplanation
Date
Size, or
Amount
Par
of
column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
of
L <t. P. (Bait.)— Common stock. $6,003,000
Pref. stock. 5 per cent i$700 t>00 prior Hen)
Con. Gas El.
Edison & Brush Companies' bonds
c*
UnitedElec 1st consol. M. $4,500,000. g
c
General mortgage, $15,000,000. gold. Co Ha
Consolidated Gas(N. X.)- Stock— $100,000,000
r
Debentures
Debentures $20,000,000 auth con v. after 3 years
Bonds of Companies Controlled.
N.Y.Ed.-N.Y.G.&E.L.H &P.lstM.$15000000,g.I?Ioc*<fcr
—
,
—
$K0
1899
1905
1,000
1,000
1888
1904
1,000
1,000
1898
1899
1890
1895
1890
1894
100
Mo
K
.
,
See that oo. below and V. 80,
reduoed on June 1, 1900, from $1 25 to
of stock.
on
j.
pi
714, 1858. Price of gas was
10 per 1,000 ouoio feet, and
Sept. 1, 1905, to $1.
DmDBNDS.— > '93 to '96.
'97. '98. '99. '00. '01. '02. '03. '04
1905.
Per cent... 5 5 yearly. 4k 4k 4 5% 3k 3
3 4 June, 2
Bonds.— Of the 50- year general 4ks of 1904 ($15,000,000 author
ized issue; Fidelity & Deposit Co. of Maryland, trustee), $1,000,000
have been sold for improvements and extensions, $1,500,000 were
being Issued in Oct., 1904, to retire the certificates of indebtedness,
$7,000,000 are reserved to retire outstanding 5s and 6s, maturing 1910
and 1939, and the remaining $5,500,000 are Issuable from time to time
after July 1, 1906 foi not exceeding 80 p. c of cost or extensions and
Improvements. V. 78, p. 1964, 2014, 2331. 2387; V. 79, p. 1643.
Earnings.—Statement for year ending Deo. 31, 1903, was in V. 78.
fixed
p. 2331, showing, gross, $2,231,964; net earnings, $851,248;
charges, $438,617: dividends (3 p. a), $328,000; bal., sur., $84,631.
Officers.— President, Ferdinand C. Latrobe; Sec, Edgar T. Powers.
Treas., Jos. W. Clarke; Gen. Mgr., A S. Miller. Office, oor. Lexington
and Liberty Sts., Bait.- (V. 80, p. 119, 714, 1858; V. 81, p. 268.)
Consolidated Gas, Electric L,«slit A- Power Co., Baltimore. —Organization.— Formed on Feb. 14, 1905, by consolidation
of the Wenstrom Eleotric Co. and the United Electric Llgh & Powei
O >. (see Railway Industrial Section for Jan., 1905). Has also ao
f
<te
quired a majority of the $10,770. 96S stook of tbe Consolidated Gas Co.
of Baltimore, and in Mav, 1905, offered to purchase the minority
shares. V 80 p 714 1858
The gen. 1st '4^9 of 1905 (llS.^OO.OOO authorized issue) are a first
lien on the $6,563,400 of the $10,770,968 Cjn«olldated Gas stook and
additional stock as aoqulred, 8,0 10 shares of Mount Washington Eleo
trie Light & Pow^rC>>. stuck (substantially %ll) and a lien subject to
outstanding bonds on all tu* properties of the old eleotrto-llght companies Of the iwie, $3, 639,000 Is reserved for future purposes. V
80, p. 1731,714.1431.
Officers.—Chairman of Board.
S. Davies Warfleld; VioPreside^t
8. Miller; Secretary-Treasurer, W. S. Symington.
Dlreotors, V.
80, p. 714.— V. 80, p. 714, 1431, 1731, 1858; V. 81. p. 268.)
Alten
Consolidated Gas of
New York.—This oompany was organized
Nov. 11, 1884, as a consolidation, and in 1899-00 secured control of
all the other gas companies and of all th* eleotrio lighting properties
In Manhattan, New York City. In Dec, 1903. work was begun on new
plant at Astoria, Long Island, to be completed within two years V.
78, p, 105, 1964; V.79, p. 105,629. In July, 1904, the N. Y. & Westchester Lighting Co. was formed to operate ia the district of New
York City. As to munioipal plant, see V 80, p. 1060, 2460. Legislation in May, 1905. reduolng price of eleotrlcity, see V. 80, p. 1858,
2460; V. 81, p. 268 See separate statements following.
Divs— )1892. '93 1894 to '98. '99. 1900. 1901 to '03. '04. 1905.
Percent. S 6
7
8 yearly.
8 yearly.
5k 6
8k Below
In 1905. Mar., 2k p. c; June. 2 p. c; Sept., 2 p c
Since 1897 the prlceof gas has been reduced from$l 20 to $1 (begin
ning in 1901) as required by law. V. 64, p. 1000.
8TOCK, Etc.— In 1900, stock Increased from $39,078,000 to $54,595,
200, and in 1900 1903, to $80,000,000, to complete the control of the
gas and eleotric light business In Manhattan, to provide for improve
ments, etc V 77, p. 300. In 1904 the authorized issue was Increased
to $100,000,000 to provide for the convertible feature of the new de-
bentures. V. 78, p. 1964.
In 1904 stockholders subscribed to $20,000,000 6 p. c debentures
at par, The debentures are convertible Into stock at par on July 1,
1907, or any interest day thereafter. V. 78, p. 1964, 2014, 2336.
Rbport of Legislative committee In 190\ covering the operations
of all the constituent nroi'ertles, was fully cited In V. 80, p. 1854,
1858, 1910, and showed for Consol Gas Co.: In 1904, gross, $13.
282.897, against $12,8*2.1 1 6 iu 1903; net income, $6,273,813, against
$5,793,951; Interest. $526,413; dividends (8m p. c), $6,799,970? bal..
def., $1,052,570; Consol Gas Co *s share of undivided surplus for
year of subsidiary cos. was about $4,0*0,000.
Bal. sheet Deo. 31, 1904, V. 80, p. 1854. Report for year ending
Dec, 31, 1904, was in V 80, p. 470. showing net profits of cal. year
1904, above dividends, about $2,600,000. against $2,500,000 In 1903.
Officers— President, Harrison E. Gawtry Vice-Presidents, Walter
R. Addloks, Samuel Sloan and Lewis B. Gawtry; Sec, R, A Carter
Treas., Jas. A. Bennett. Trustees— H. E. Gawtry, Samuel Sloan, John
W. Sterling, W. Rockefeller, M. Taylor Pyne, Geo F Baker, Jas. Stillman. S. S. Palmer. Frank Tilford, F. A. Schermerhorn. A. N. Brady T
F. Ryan, Geo. H. Church.
Office, 4 Irving Plaoe. (V. 81, p. 214, 268.
(1) NEW AM8TERDAM GAS.
Incorporated Nov. l, 1897, and consolidated N. Y. & East River and
Eq. Gas in ht, per plan V. 66, p. 133. Owns entire $7,000,000 stoci
of New York Carbide <fe Acetylene Co.
Securities.—The stock authorized is $13,000,000 of common
stock, $10,000,000 of 5 p. 0. preferred, cumulative after Nov. 1, 1900
New consol. 5s for $1 ,365,000, preferred stock $1,000,000 and common
$835,000 in Jan., 1906, were in treasury available for future needs
Par of shares $100. The Consolidated Gas Co owns $l2,10a, c 00 common and $8,977,501 1 ref. fctock. V. 70, p. 897, 948, 1052, 1197, 1252;
V. 80, p. 1855,2224.
;
1
May
(2)
NEW YORK
EDISON COMPANY.
23, 1901, as a consolidation of the N. Y. Gas & Eleo.
Light, Heat <fe Power Co. and the Edison Eleo. Ilium. Co. of N Y. Owns
large power plant located on 1st Ave., between 38th and 39th Streets
V. 69, p. 704; V. 68. p. 1025; V. 70, p. 283, 482; V. 80, p. 1915. 8toc»-,
$45,200,000 of which $t5,0.r 1.000 outstanding, practically all owned
by Consol. Gas Co. V. 7 2, p. 103y.
Organized
Bonds.—The
first
& D.
& A.
M. & S.
J. & J.
M. & 8.
J. & J.
M. & S.
M. & N.
J. & J.
J. & J
J. & J
J.
J.
M. & N
J. & J.
J. & D.
Various
J. & J
J.
F.
<te
J.
&
Y., Morton Trust Co.
Y., Central Trust Co
Y., Guaranty Tr. Co.
Y., Morton Trust Co.
N. Y., Cent. Trust Co.
N. Y., Union Trust Co.
N. Y., Central Trust Co.
N.
N.
N.
N.
do
do
N.Y. Guaranty Trust Co.
N. Y., Knick'b'r Tr. Co.
N. Y.,H.B.Holltns&Co.
N.Y..H.B. Hollins &Co.
N. Y.. Merc Trust Co.
N. Y.,H.B.Holllns& Co.
N. Y., Colonial Tr. Co.
N. Y. Central Trust
do
J
pal.When Due.
Stocks— Last
Dividend.
,
I
I
Whom.
Payable
Cent.
by
$6 000 (00
6.700 000
26 500 Various. Various
3.263.C00
4 4ig. M. & N. Alex.BrownA Sons. Bali
7,102,000
4kg J. & J. N. Y. and Baltimore.
-M.15 N. Y., Office, 4 Irving PI.
80,000,000 See text.
1,^87,000
do
5
a: & N.
do
20,000,000
6
J. & J. N. Y
Nat City Bank.
15,000,000
5g.
20,929,884
4 g.
4,312,000
5g.
2,188,000
5 g988,000
5 g.
4,838.000
5
3,500,000
....
5 g.
1896
100
500,000
5
1894
3,500,000
1,000
5 g.
1895
1,000
1.500.000
Gas Co.
5 go* J
1st oon. M., ($5,000,000) .gold.
I
5 gNew Ams'dam 1st cons. M.,gold, $20,000,000. Ce..o*4r 1898 l.OOO&o 10,635,000
1.000
3,500,000
5 tiCentral Union Gas, guar. p. A i., N. Y. <te E. R.Ce .. o* 1897
1.285.000
1,000
5 llStandard Gas Light, 1st mortgage, $1,500,000, gold..c 1890
1,000
1,250,000
5 gNo. Union Gas, 1st M., $1,500,000. g., not guar.K...c 1897
5,916.000
1,000
Westchester Lighting, con. M., $10,000,000, g.Col..o* 1900
1,0' 6,000
5& 6
Other bonds See text
1,000 10,000,000 See text.
N. Y. & Wes. L gen. M., $10,000,000. g., gu.,red.text.Ce 1904
gold. guar., p. & 1
1904
2,500,000
5 g.
Debentures $2,500,000.
Pur.mon.M.,$21,000,000,g..sub.tocalltoFeb'02Ce.o*
Edison Elec. 111., N. Y., 1st M.. gold, red. at 110 Ce..C
o*
First consol. mortgage, $15,000,000, gold.
Mt. Morris Elec Lt., 1st M., g., red. at 105 Oct. 1, 1900
United Elec. Lt. & Power, lsi mort., $5,370,000. Un...
Equitable Gas L. cons, (now 1st) M.Ce 1 Assumed by (
New
Debentures, subject to call
N.Y. & East River Gas 1st mork.g.G o* f Amsterdam]
Bonds— Prinol-
INTER RSI OR DIVIDENDS.
Rate per Whon Where Payable, and
1,000
1,000
1,000
1,000
1,000
1,000
1,000
IOj
[Vol. lxxxi.
Co
do
5s of 1898 ($15,000,000)
*10 '16. &*
May
1,
24
1929
Feb. 14, 1«35
Sept. 15,*05, 2
May
1,
July
1,
1908
1909
Dec. 1, 1948
Feb. 1, 1949
Moh.
July
1,
1,
July
July
1,
1,
1910
1995
Sept. 1, 1940
July 1, 1924
Moh. 1, 1932
May 1, 1906
Jan. 1, 1944
Jan. 1, 1945
Jan. 1, 1948
July 1, 1»27
May, 1930
Nov. 1, 1927
Deo. 1, 1950
2004
1954
re secured Dy a first
lien on the company's new power plant and oth r property and pledge
of various securities; list see V. 68, p. 773, 81 4, 1025; V. 76, p. 268
The 4s of 1899 are secured by a purchase money Hen on the former
Ed. Elec Ilium, property, subject to bonds of 1890 and 1895, and by a
second mortgage lien on the remaining property of the consolidated
00.
V. 72, p. 939, 1038; V. 81, p. 3
Real estate mortgages, $174,000.
>.
Earnings.— For 5 mos. ending Mar. 31, 1905,
gross. $5,035,395; net,
$2,469,295; oharges, $326,832; bal., sur.. $1,642,463.
For oal. year
1904 V. 81, p. 29:
Net.
Charge*.
Sear.
Gross.
8urplus.
1904
$10,265,418 $4,836,714 $2,005,712 $2,831,002
1903
8.963.314
3,981.540
1,842,894
2,138,646
-V. 80, p. 1855, 2224; V. 81, p. 29, 35, 215.
(3)
NEW YORK MUTUAL GAS LIGHT
CO.
Incorporated in New York Apr. 17, 1866, under special oharter.
Stock outstanding, $3,436,600, of which $1,763,200 is held In the interest of the Consolidated Gas Co. Par of shares, $100.
Dividends— > 1894 to 1897. '98. '99. '00. '01. '02. '03. '04. 1905.
Slnoe 1893,
9 yearly.
8
9
1901 to 1905, inclusive, Jan., 4; July, 5 p. 0. V. 80, p. 1855.
7399
pes
(4)
Organized in 1886.
STANDARD GAS LIGHT
99
CO.
Owns 160 miles of
gas pipes north of 13th St.,
N. Y. The Consolidated Gas Co., owns $4,630,900 of the $4,985,700
common and $3,934,400 of the $4,295,700 pref.
Divs— '93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. '04. 1905.
Com. %
2
1
4
5
8
5
6
6
6
June, 3
Pref. %.. 4
4
6
June, 3
5k 4k 6 8 6 2k 6 6 6
Office. Third Ave. and 49th St.. N. Y. V. 72, p. 1241; V. 80, p. 1855.
UNITED ELECTRIC LIGHT A POWER CO.
owned.— V 70, p 40; V. 80, p. 1856.
(6) (a) CENTRAL UNION GA8 CO.— (b) NORTHERN UNION GAS CO.
(a> Compare V. 65. p 462, 366, 112; V. 80. p. 1855. (b) V. 65,
p. 621,977; V. 80, p. 1855.
(7) westchestbr LIGHTING Co. (N.Y. & Westchester Light Co.)
Supplies gas and electricity In Westchester County north of New
York City. See V. 71, p. 1023, 1175. The Consolidated Gas Oo. owns
(5)
Stock, $5,346,600, mostly
the $12,600,000 capital stock. See V. 79, p. It 0, 217, 504, 1706.
Northeru Westchester LightingCo. is controlled by friendly interests.
V. 81 p. 268.
Bonds.—The general mortgage bonds of 1904 ($10,000,000) bear
nterest on a sliding scale, beginning at k of 1 per oent (first ooupom
July, 190*>), and rising to 4 percent from July 1, 1914, to maturity,
except about $2,500,000 which have additional coupons attached
milking t hem straight 4 p. 0. bonds. All are subject to oall on or after
July 1, 1905, at par and interest. V. 79, p. 1706. 1957. They ara
guaranteed, principal and interest, by the Consolidated Gas Co., a*
are also the $2,500,000 of new 5 per cent debentures. Form of guaranty, V. 79, p 2152. The underlying bonds not shown iu the table
above (Westchester Lighting 5s being reserved to retire at par the N.
Y. & Sub. Gas and New Roohelle G >s and Fuel issues) are:
Bonds—
New KochelleGasA Fuel lsts M...
New York A Suburban Gas 1st)
M., g., gaar., p. & 1„ by Am.
Gas Co
Hudson KIT. Gas A Eleo. Ut M
White Plains LiRbtlntr 1st M
(a)
V. 68, p. 47*; V. 70,
p.
)
Interest.
J A J
MAS
Outstanding.
t^.Ouo
Maturity.
Jan. 1 1908
Mar. l.l»4»
aS43,< 00
Subject to call at 106 A Int. after Mar. 1.
6g.
1901*.
6
6
844; (b) V. 68.
MAN
b250.000
835 000
Mar
1,
Jnne
1,
1929
19SS
p. 824; V. 70. p. M44.
For year ending Dec 31, 1902, gross, $1,037,799; net. $375,338;
int on bonds, $252,920; bal sur., $122,418. In 1901, gross, $849,158;
,
$251,040.-(V. 79,
1957, 2152; V. 80, p. 1001.)
Consol. Gas of Pittsburg.—Bee Pittsburg In St. Ry. Suction.
Consol. Lake Super.—See Lake Superior Corporation.
net,
p.
Consolidated Railway Lighting
&
Refrigerating Co.
—Incorporated in New Jersey in Mar., 1901, per plan, 7. 72, p. 677,
Stock author., $22,000,000; outstanding, $17,500,000; par of shares,
&100 Faotory at Bayonne, N. J. No bonds. Report for year ending
Deo. 31, 1903, was In V. 78, p. 1220
Dlreotors, V. 74, p. 632. Pres.,
Isaac E. Rice. Office, 11 Pine St., N. Y.-(V. 74, p. 632; V. 76, p. 481.)
Consol. Rubber Tire —Sup. July,'03; V. 80, p. 2348.
Consolidated Tobacco Co.—See American Tobacoo Oo.
CoiiKolldated Water Co. of Utlca, N. If.— Incorporated
in
Nov., 1899, and by purchase of existing properties acquired control of
praotloally all the water available for city of Utlca, N. Y. V. 69, p.
956, 1064. Stook, common, $1,500,000; pref., 5 p. 0. non cum., $1,000,000; par of shares, $100. First mortgage, $2,500,000 thirty-year gold
5s, all outstanding, due Jan. 1, 1930, int. J. & J., at Redmond
& Co.. New York; N. Y. Sec <fe Trust Co., trustee; improvement
and extension (2nd) Cs, $250,000, dated July 1, 1903, due Jan. 1, 1913,
subject to call after 1904; Trust Co. of America, N. Y., trustee. V. 80,
p. 474. Year 1904, gross, $192,824; in 1903, $182,067. Pres., William
S. Bacot.
New directors, Aug. 1905, V. 81, p. 670.— (V. 81, p. 670.)
Consolidation Coal Co.—Incorporated in 1864. Baltimore &
Ohio RR. owns $5,353,200 stock. Coal mined in 1904,1.833,371 tons;
in 1903, 1,753,783 tons; In 1903, total, including subsidiaries, 7,309,352.
Owns $1,500,000 stock of Cumberland A Penn. RR. (which see)
and guarantees its $1,000,000 bonds. Early in 1903 a controlling in-
was acquired in the Fairmont and Somerset Coal oompanles
(which see), the former controlling the Clarksburg Fuel and Northwestern Fiiel companies, the last named owning large dooks at Chi.
cago, Milwaukee and Superior. In Dec, 1904, the Fairmont Coal Co.
acquired the control of the Pittsburgh & Fairmont Fuel Co., owning
17,966 acres of ooal land In Wet-t Va. on the B. & O.,. between Clarksburg and New Martinsville. V. 79. p. 2699. In Nov., 1903, $501,1 00
of the $1,000,000 Metropolitan Coal Co. Btock was purchased. V. 78,
terest
.
3,
•
INDUSTRIAL STOCKS AND BONDS.
Oct., 1905.J
MISCELLANEOUS.
For explanation of column headings, <fec,
first
page of
tables.
Bonds—ftuunINTEREST OR DIVIDENDS.
pal, When Dae.
Rate Per When Where Payable, and by Stocks—Last.
Par
of
see notes on
Outstanding Cent.
Payable
Whom.
Dividend.
Bonds. Value.
Date
Consolidated Tobacco— See American Tobacco Co.
Consolidation Coal— Stock
1st M., $750,000, g. sink, fd., red. each Jan. at 105. G..
Refunding M., $7,500,000 auth., g., s. f., red. 110 So*<fcr
Continental Tobacco— See American Tobacco Co.
(
Size, or
$100
» 0,250,000
1897
1904
1,000
1,000
480,000
Corn Products— Common stock, $50,000,000
UNA88UMED BONDS OF ALLIED COMPANIES.
Nat. Starch, deben, g., s. f., $8,000,000, call 105. Usui.
United States Sugar Refinery, gold, 1st mortgage
gold (sinking fund).
Nat'l Starch Mfg. Co., 1st
N. Y. Glucose Co. 1st M., $2,500,000, g., e. f. See text.
Crucible Steel Co. of Amer.— Coll tr debent., gold.UPi.o*
Cumberland Telephone & Telegraph— Stoek, $20,000,000..
1st mort., $1,000,000, gold, s. 1. (other bonds see text).
Denver Union Water Co.— 1st mortgage, $8,000,000, gold
South Platte Can.& Res. 1st M.g.,gu.end.,red.text.Mo
Detroit City Gas— Stock, $5,000,000
0*
Prior lien mortgage, $6,000,000, gold. N..
Detroit Gas consol. mortgage for $4,000,000, g.G..c&r
Detroit City Gas gen. M., $10,000,000, g. See text.Eq
Detroit KdUon— 1st mortgage, $10,000,000, gold S
Diamond Match— Stook, $15,000,000, list. In Chic &N.Y
Distillers' Securities Corp.— Stock, one olass, $32,500,000
Col.tr.M.,$16,000,000.g.,conv.oalll05af.l9O8(text)c*
Am. Spirits Mfg., 1st
g call at 105, s.f., 5%.Ma.C
Ma
. ,
-
M
,
Amount
4 in 1905
2,242,000
4^
g.
413 g.
100
100
Pref. stock, 7 per cent, cum., $30,000.000
M
161
,
1900
1890
1901
1903
4,137,000
3 g
778,000
S g
2,846,000
6 g.
2,200,000
6 g.
See text.
6 g.
13,442,450 7 in 1905
850,000
5 g.
8,000,000
1,000,0
5 g.
5,000,000 See text.
5,618,000
g
£ g.
381,000
5
312,000
4, '00,000
5 g.
15,000,000 10 in '04
29,926,683 4 in 1905
13,623,770
5 g
6 g.
1,738,960
100
1898
1.000
1894 100 &c,
1903 500 &c
50
1898
1,000
1893
1,000
1903
1,000
1903
1,000
100
100
1902
1,000
1895
1,000
M.
M.
&
&
&
&
J.
do
& Co.
Feb.10,'04.1%
Apr. 10, '05, 1
do
N.Y.J.T.Weed,25Broad July
D. Intern. Tr. Co., Boston.
N. N.Y.J.T.Weed,25Brcad
S.
1925
1921
1920
Sept. 1, 1926
Oct. 21, '06 08
Dec.
May
A.21&O. Union Tr. Co., Pittsb'g.
Checks mailed.
O.t.
Q.-J.
J.
J.
J.
J.
J.
F.
J.
J.
&
&
&
&
&
&
&
&
J.
J.
J.
N. Y., Washington Tr.
N.Y. Fourth Nat. Bank.
D.
Cheoks mailed.
do do and Denver
N. Y., Emerson, McM.
A. N. Y., Guaranty Tr. Co.
J N. Y., Emerson McM.
J.
J N. Y.,off. 30 Broad St.
Q.-M. By check fr. N. Y. offlca.
By check
Q-J.
A.
M.
&
&
O.
S,
N. Y., Mere. Trust Co.
N. Y., Manhatt. Tr. Co.
1,
1,
1,
2, '05,
1%
Jan. 1, 1918
July 1, 1914
July 1, 1923
June 1,1905,
Jan. 1, 1923
Feb. 1, 1918
See text.
Jan. 1, 1933
Sep. 15,'05,2i*
O^t 28,'05, 1%
Oct. 1, 1927
Sept. 1,
1915
Report.— Year ending Aug. 31, 1905, V. 81, p. 1172, showed net
earnings of $2,132,490.
Chairman, Wm. G. Park; President and Gen. Mgr., Frank B Smith;
Treas., Julius Bieler. Office, Frick Bldg., Pittsburgh, Pa. Directors,
Sept., '04, V. 77, p. 1473; V. 79, p. 1333, 1706.-( V. 81, p. 1 1 78, 1243.)
Telegraph.— See page 174.
Cumberland Telephone
Denver Gag &. Elec— Oenver Union Water.—See p 174, 175.
Detroit City Gas.—Organized in March, 1898, and owns all the
gas properties in Detroit, Mich. Hasfrfraaohise till 1923 from the city.
City ordinance of Dec, 1901, reducing the price of gas to 70 cents,
was never enforced. V. 73, p. 1266.
outstanding;
par, $50
Stock. -Authorized, $5,000,000, all
Dividends, 2»a p. c,'99; 1900, 5 p. c; 1901, May, 2h p. c; in '03, 5 p.
in 6 p. 0. ctfs. paid Dec, 1904; in 1904, 5; in 1905, June, 3 p. 0.
Bonds.—The prior lien mortgage is for $6,000,000, of which $397,000 to retire the $381,000 Det. Gas 5s, not yet exchanged, and
$16,000 income 5s. Prior lien bonds are subjeot to call at 110. Of the
gen. 5s of 1903 (SIC* ,000,000 authorized issue. Equitable Trust Co. of
N. Y., trustee,) $6,000,000 are reserved to retire the prior liens; present issue, $500,000; Nos. 1 to 1,000 mature $100,000 yearly from July
1, 1913, but are subject to call at par; if called, holder niay take In
lieu of cash new bonds maturing July 1, 1923, subject to call at 105;
balance mature July 1, 1923 V. 77, p. 253; V. 78, p. 822.
Report.— For calendar year 1903, gross, $1,376,388; net, lnoluding
other income, $707,507, against *605.211 in 1902: int. on bonds, etc.,
$321,472; bal. for stock, $386,035, against $430,374 in 1904. V. 78,
p. 822. Statement to N.Y. Stock Exchange, with bal. sheet of Apr. 30,
1904, was in V. 79, p. 102.
For 11 mos. ending Nov. 30, 1904, gross. $1,327,421; net, $679,075;
interest charges $297,917; balance, surplus, $381,158.
Officers.— President, Emerson MoMillin, New York; Gen. Man
A. P. Lathrop, Detroit. Mich. Directors June. 1904, V. 79, p. 102.
-(V. 78, p. 822, 2601; V. 79, p. 102, 2459; V. 80, p. 653, 1974.)
I»etroit Edison Co.— Organizati n.— Incorporated In Jan., 1903,
and absorbed the Edison Illuminating Co. of Detroit and Peninsular
Eleotrlc Light Co does entire electric-light business in city. V". 76,
p. 215. Controlled by North American Co. A new generating plant
of 16,000 horse-power was placed in operation late Id 1904. V. 79,
Stock authorized, $6,000,000; issued, $5,000 000; par, $100.
p. 2645.
Bonds.— Remaining bonds oan only be issued for not exceeding 75
per cent o' the cost of additions and improvements. V. 77, p. 2037.
Year ending Apr. 30, 1905, gross, $736,037; net, $265,620; bond
interest, $181,2rt7; balance, surplus, *84,3f>3.
President, C. W. Wetmore, Seoretary, S. W. Burt; Treasurer, Geo. R,
Sheldon. New York office, 30 Broad Street— (V. 8 1 p. 33, 1176.)
&
Directors, Mar., 1904, V. 78, p. 1277. - (V. 81, p. 1176.)
in New Jersey on Feb. 6, 1902, and acquired, per plan, V. 74, p. 329, 381, 1086:
Dividends.—
Capital
New co.
'97
'98 '99 '00 '01 02
Company—
stock.
owns.
Glucose Sagar Refining Co., com. 124,027,300 $21,80o,000
V4 « 6 5« 1
13,638,300 13,158.600
7
7 7 7
7 per cent cumulative, pref
lfc
National Starch Mfg. Co.. com..
2,595,900
2,445,800
Incorp'd ) ..
B per cent cumulative, pref
4,028,300
3,651,800
May, "00. i 1H 6
^ 50,000
Illinois Suaar Refining Co
760,000
Not known.
Charles Pope Glucose Co
120,000
120.000
N.Y. Glucose Co. ($2,000,000 pf .)
8,500.000
1,225,000 "
The allied Interests report a capacity of 100.525 bushels of oorn daily
(active plants), 48,500 (reserve plants). 26 300 abandoned and 13,300
old-starch factories. V. 81, p 670. Competition, V. 81, p. 615.
As to proposed concentration of plants (June, 1905) see V.80, p. 2623.
Stock authorized, common, $50,000,000; pref., 7 percent cum., $30,000,000; about $2,000,000 of each class to remain in the treasury, together with any amounts not used in exchange.
DrvrDENDS.-On pref., July, 1902, to Jan., 1905, Inch, 1% p. 0. quar.;
In April, 1905, 1 p. c; in June, 1905. the dividend was passed. V. 80,
p. 2623. Com., May, 1803, to Feb , 1904. 4 p. 0. per an.; none since.
Bonds.—The bonds of controlled companies have not been assumed,
but the interest and sinking fund charges are payable from their
earnings before any dividends oan be paid on their stocks. Of the National Starch debentures, $3,778,000 are reserved to retire bonds of
Nat. Starch Mfg. and U. S. Sugar Refinery companies. In Jan., 1905,
a proposition was made to the holders of the Nat. Staroh Mfg. 6s to
scale the interest; V. 80, p. 1 19. Of the New York Glucose 6s, 4 per
cent of each bond ($40) is retirable Sept. 1 yearly, beginning 1902,
but the bonds are not subject to call. V. 74, p. 1086. The interest due
June 1. 1902, on U. S. Sugar Refinery bonds was paid in July; since to
June. 1905, when due. V. 74, p. 1310; V. 75, p. 79.
Earnings- Report for half year ending Aug. 31, 1905. in Chron.<
Oct. 28, showed: Net income, $150,278; bal., Feb 28,'1905, *126,022
deduct div. on pref. ( L p. c), $273,790; total sur. Aug. 31, '05, $2,509Report.— Report for the year ending Feb. 28. 19C5, was Jn V. 80. p
1S53, showing: Net income for year, $1,689,466; total surplus Feb. 2d»
Corn Products Co.—Organization.— Incorporated
—
m
;
on
J.
N. Y., Cuyler, M.
1243.
Bldg., Bait.
0.)
J.
-
-
&
J.
-F.
-J.
-
'
&
BoNDS.-Of the collateral trust bonds of 1903, $1,567,000 was, on
on June 30, 1905, luld by the public, $742,000 used as collateral
and $2,658,000 remained in the treasury. (V. 79, p. 736.) The authorization of $7,000,000 bonds made in 1904 was rescinded. V. 81, p.
p. 1271; V. 79, p. ?02. O* the$7,500,000refund.4i2SOf 1904,$2,242,000
has been issued to pay for properties acquired. $1,750,000 is reserved to retire the 4^8 due 1922 and $1,000 000 Cumberland <fc
Penn. 5s due 1921, and the remaining $3,508,000 for future requirements; sinking fund, 3 cents per ton of coal mined. Due 8. & O. Deo.
31, 1904, $1,800,000. V. 79, p. 502, 2699.
Dividends since 1883: for 1884 and 1885, 1; for 1886, %; for 1887,
IV, for 1888, 2H; from 1889 to Feb., 1903, inclusive, 2 p. 0. yearly;
in 1904 and 1905, 4 p. 0. yearly, Including 2 extra. V. 78, p. 289.
Report.—For 1904,in V.80, p.1361. showed: Gross. $4,462,292; net.
1,466,703; charges. $415,090; dividends, $410,000; depreciation, eto.
f 121,277; bal.,sur., $520,336. Pres., C. W. Watson. Oiflce, Cont. Tr-
1904, $353,051; deduct $1,916,495 dividends (7 p.
M.
45,215,500 See text.
27,380,700 See text.
1,000
1,000
1,000
Text.
1,000
N. Y., Guaranty Tr. Co. Feb. 1, '05, 4%
do
do
Jan. 1, 1922
N. N. Y., Standard Tr. Co. May 1, 1934
Feb. 1
J.
pref.; bal..
surplus, Feb. 28, 1905, as per balance sheet, $126,022.
Officers.— Pres., C. H. Matthiessen; Vioe-Pres. and Sec, C. L. Glass;
Treas ,Wm. W. Heaton. Directors, March, 905, V. 80, p. 1365. Headquarters Chic, III.; N.Y. off., 25 Broad St.— (V.81, p 269, 615, 670.)
;
,
^Detroit Mack,
&
Marquette Land Grant.— See
this Seotlon
lor July, 1905.
1
(Wm.) Cramp
<fc
Sons' Snip
& Engine Building Co.— Incor
Penn. Mar. 26, 1872. Properties owned V. 78, p. 46.
8tock.— Stock, as increased June, 1903, $6,250,000; outstanding,
$6,098,000; par of shares, $100. Of this $4,648,600 has been deposited
with voting trustees; viz.: E. T. Stotesbury and Richard Rushton, Phil.,
and Geo. F. Baker, N. Y. V. 76, p. 921, 975, 1087; V. 78, p. 46.
In
Dividends.— )
'92.
'93. '94. '95. '96. '97. '98.
'99. '00. '01.
'02.
Percent.
18 7 None. .. 1H
5 8&20sclO
5
5
5
3%
No dividends since to Oct., 1905. V. 75, p 1256.
Bonds.—The company issued in Apr., 19C3, $5,000,000 5 p. 0.
serial notes, maturing part Jan. 1 and July 1, semi-annually, viz.:
$80,000 for 5 years, then $110,000 for 5 years, then $140,000 for 5
years, then$170,000 for 5 years, but subjeot to call at 102*3, seoured
by $5,000,000 oonsol. 5s of an authorized issue of $7,500,000; of the
latter, $2,000,000 are reserved to retire prior liens and $500,000 for
future purposes. See V. 76, p. 921, 975. First M. gold 5s of 1899, $1,350,000 (int. M. & S.), due Mar. 1, 1929, but subject to call $25,000
yearly Jan. 31 at 110 for a sinking fund. Real estate mortgages Apr.
30, 1905, $576,052. V. 67, p. 1310; V. 68, p. 383; V. 78, p. 46.
Report. -Report for 1904-5 in V.81, p. 152, showed: Gross earnings,
$7,383,309; net earnings, $779,703; other income, $83,966; general
miscellaneous expenses, $151,775; fixed charges, $397,729; bal., sur.,
$314,166. In 1903-4, gross, $7,107,082; net, $735,031.
Chairman
of Board, Charles H. Cramp; President, Henry S. Grove; Vice-Pres.,
Edwin S. Cramp; Gen. Mgr., H. W. Hand.— (V. 81, p. 1 52, 157.)
Crucible Steel Co. of America.—Organization.—Incorporated
on July 21, 1900, under the laws of New Jersey to consolidate 13 properties, including the Park Steel Co., etc., named in the prospectus, V. 71,
p. 32. See also V, 73, p. 842. Stock authorized, common. $25,000,000;
pref., 7 per cent cumulative, $25,000,000; par, $100; outstanding, common, $24,578,400; preferred, $24,436,500.
In May, 1904, the Clairton Steel Co. was sold to the U. S. Steel Corporation, the latter in payment therefor guaranteeing or assuming the
bonds ($11,916,715) and giving $1,000,000 of 10-60-year 5 p. 0. bonds.
The Crucible Company agrees to take 120,000 tons of steel yearly for
10 years and about 80,000 tons of pig iron on a sliding scale of prices.
V. 78, p. 1552, 2014; V. 79, p. 1267.
In July, 1904, the Howe-Brown steel plant was sold. V. 79, p. 154.
Dividends on prel., Dec, 1900, to Sept.. 1903, 7 p, c; exiected to
be resumed early in 1906. V. 81, p. 1243.
Union RR, Depot.— See Supplement, Oct., 1897.
Diamond Match.— Organization, Etc.— Organized in
Detroit
1889
under laws of Illinois. Owns factories at Barberton, O., Detroit,
Mich., Oshkosh, Wis., Oswego, N. Y., etc; controls companies in England, Germany, Switzerland. Peru, South Alrica, etc; see V, 76, p.
380, 656; store properties at Philadelphia and St. Louis, and sawmills, with extensive pine stumpage. V. 73, p. 135. V. 76, p. 380, 1087.
As to California lumber purchase see V. 76, p. 380; V. 78, p. 700; V. 80,
p. 648; Br. <fe May, V. 76, p. 656; V. 77, p. 351, 629; V. 78, p. 289; V.
79, p. 2590; V. 80, p. 715.
Dividends.—
1895. 1896 to Sept ,'05.
)
1893.
1894.
21i 9
10 (2^ quar.)
20
10
Since 1892, p. ct. $
Stock.— Increased in 1895 to $11,000,000; in 1899 to $15,000,000.
Annual Report.—For 1904, in V. 80, p. 648, showed net, $1,653,
369; In 1903, $1,824,089; in 1902, $1,957,674. President, O. C. Barber; Treasurer, J. K. Robinson; Sec, W. C. Findley; Aud., H. O. Cranz;
Gen. ofli., 56 Mich. Ave , Chic; N.Y. ofli., Ill Br'd way.-(V. 81, p. 616.)
Distillers' Securities Corporation.— Organization.— Incorporated in New Jersey on Sept. 1 8, 1902, as successor, per plan V. 74,
p. 1310, 1,358, of the Distilling Co. of America, the latter having control of the American Spirits Mfg. Co., Kentucky Distilleries & Warehouse Co., Spirits Distribut'g Co. (dissolved in 1902) and Stand. DistUL
& Distrib. Co.; see V. 68, p. 1224 (dts solved in 1905); also several rye
whiskey concerns, including Hannis Distilling Co. V. 69. p. 179, 494,
745. List of properties, V. 73, p. 136; V. 71, p 815; V. 69, p. 957. Dadependent distilleries, V. 74, p. 157; official statement, V. 76, p. 100.
Owns over 90 per cent of the stooks of the Distilling Co. of
America. The new bonds are secured by the deposit of the stocks and
bonds acquired, and are redeemable at 105 after 1908 and convertible
at option of holder into stock at par at any time till Oct. 1, 1912.
Dividends.—Jan., 1903, to Oct., 1905, both incl., lp. 0. quarterly.
Report.— Report for year ending June 30, 1905, in V.81, p. 1098,
showed gross sales of constituent companies and all other income,
$71,210,447; gross profits, $3,727,216; int., taxes, additions, etc, $2.158,334; net profits, $1,568,880, against $1,697,987 In 1903 4; dividends (4 p. c), $1,317,009 bal., sur., $251,871. See also V. 75, p. 904,
and balance sheets of proprietary cos., V. 73, p. 898.
Directors.— E. J. Curley (President), .Lawrence L. Gillespie (Chairman of
Board); W. P.Ward Vice-Pres.), Amory G. Hodges, Russell Murray, W.Brentwood Smith, J. E. Hulshizer. Exec Com — B. J. Curley, W. P. Ward, Amory
G. Hodges. 8eo.-Treas., K. O. Rann, N.Y. Office, 12'J B'way.-(V. 81, p. 1098.)
;
(
o
INDUSTRIAL STOCKS AND BONDS.
162
MISCELLANEOUS.
For explanation
of
column headings,
page of tables.
Date
&o., see notes on
first
Size, or
Amount
Par
of
Outstanding
Bonds Value.
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
. -
100
'
Empire meet
<£
1902
1,000
100
100
Iron— Stock, common, $5,000,000
Preferred stock, 6 per cent, cumulative
Equitable III. Gas Light Co. of Phila.— Com. stock
•-Pref. stock, 6 per oent
1st mortgage, gold, redeemable at 105. N ............
Erie dt W> si Transp.-Ut M., $1,500,000, red. text.G Po*
Fairmont Ooa' Co -8to?k $12,000,000.
Mortgage ($8,000,000, gold), sink'g iULd, see text.G.
...
1898
1905
1,000
1,000
100
1901
1,000
Limited.— Organization.— Incorporated
The lease to the Dominion Iron & Steel Co. made in IS 02 was annulled as of June 30, 1903. V. 77, p. 2342. As to new contract for
Dominion Coal
Co.,
supplying coal to the 8teel Company, expiring 1992, see V. 77, p. ,72,
826- V 78. p. 1117; contract with Mass. Gas Companies, V.75, p.1257.
Output calendar year 1904, 3.023,522 tons; in 1903. 3,147,766 tons.
For 6 mos ended June 30, 1905, reported as 1,367,275, against
1,505,781 In 1904.
Stocks and Bonds.—Common stock, $15,000,000. Stockholders,
Apr. 17. '905. authorized $3,000,000 of 7 p. c cum. pTef stock and
$7,000,000 of 35 year 5 p c. bonds. A syndicate purchased the new
pref. stock and $5,000,000 of bonds. The outstanding $3,000,000 of
8 p. c. pref. stock and $2,435,000 of 6 p. c. bonds were called and retired and the floating debt paid. New bonds (Royal Tr. Co. Montreal,
trustee) are subject to call after May, 1910. Sinking fund of about
$79 000 yearly, beginning 5 years from their date, from which bonds
will be call-d yearly at 105, beginning May, 1911. V. 80, p. ) 365, 1481.
The new preferred stock will be convertible, $ for $, into common stock
at holder's option to May 1, 1910, and thereafter be subject to call at
oompany's option at 125 and accrued dividend, and entitled in case
of liquidation to tar, 15 r. o. premium and accrued dividends in
preference to common stock. No additional mortgage can be made
without the oonsent of 51 p. o of outstanding common st >ck. V. 80
p 1732. The plan reduced oharges, including preferred dividends,
during first five years, to $460,000. against $730,137 in 1904 ana about
$ >55,000 in 1903 Cape Breton real * stato debentures and Dominion
rolling stock debentures, $247,217 each.
DrviDENDS-Old pref. paid in full to Jan.. 1905. lnol. (4% J. & J.) On
old common stock 4 p. o. Oot, 1 1902; Jan. 1903. 2 p.c; Apr., 2 p. o.;
July 2p o.; In Oot., l»a p. o.; 1904, Jan., 3 p. c; none later. First dlv.
on new pref. for period from May 12 to July 31, 190 j, at rate ot 7 p.
V. 81, p. 214.
c. yearly, was paid.Aug. 1.
Report at length was given in V. 80, p. 877, showing net earnings
of $1,620,475 in 1904, against $1,756,023 in 1903 interest on bonds,
sink, fund, etc., $490,137; div. on pref. (8 p. o.), $240,000; bal., but.,
,
,
;
James Ross, Montreal. Directors Mar., 1904. V. 78, p.
p. 119, 166; 870, 877, 1365, 1481, 1732, 1915.)
Dominion Iron 6c Steel Co.— Organization.— Organized under
the laws of Nova Scotia on June 17,1899; is building iron and steel
works at Sydney, Cape Breton, to have, it is said, a daily oapaoity of
President.
1112.-(V. 80,
1,000 tons of steel. Owns four blast furnaces, open-hearth plant (five
of ten furnaces being in operation), billet mill, blooming mill, rod
mill, with oapacity of 250 tons daily, eto. See V. 79, p. 2203. The
rail mill, 400 tons dailv capacity, has been operated since June, 1905.
The plant will have 800 coke ovens (450 completed Jan., 1904). V. 76,
p. 544. V. 77, p. 149.
,
J
In Dec, 1903, the lease of the Dominion Coal Co. was canceled and
the floating debt largely reduced by cash reoelved from the latter.
The prooeeds of the $2,500,000 second mortgage bonds will be used
to complete the mills under construction and other improvements.
V. 77, p. 772, 826, 2342; V. 78, p. 1394; V, 80. p. 1481.
Stock.— Common, $20,000,000, all issued; 7 per oent cumulative
preferred stock ($5,000,000) subject to oall at $115 per share or oon
vertible into common stock, at holder's option. V. 72, p. 778; V. 74,
p 530. Bounty decision, V. 75, p. 1402; V. 77, p. 149; V. 79, p 502.
Div. on pf .. 3i« p. 0., Oct 1, 1901; in 1902, 7 p. 0. (A.& O.); 1903, Apr.,
313 p. c; none sinoe to Oct., 1905. V. 77, p. 826.
Bonds.— Trustee of 1st mort., Natl Tr. Co. of Ontario, Montreal, Can.
Bonds may be purchased or oalled (drawn by lot) at 110 and inerest for sinking fund or In suoh amounts as may be desired on July
1 yearly. V. 71. p. 1122. The $2,500,000 seoond mortgage 6 per oent
bonds mature $250,000 yearly on Oct 1, beginning 1905. V. 76, p.
1251, 1357. 1410; V. 77, p. 149, 630, 826; V. 80, p. 1481, 2461. Real
estate bonds Aug. 31, 19u5, $63,333.
Report.— Fiscal year now ends Mav 31. Report for year ending
Deo 31, 1903, in V. 79, p. 2203. In 1»04 5 total netinoome, $370,859;
interest and sinking fund, $299,327; bal., sur.. $71,532. V. 81, p
VloePresi lent, L. J.
1243. President, J. H. SPlummer. Montreal;
Forget, Montreal -(V. 81, p. 214, 1243.)
Eastman Kodak Co. (of New Jersey).— Organization.— In
oorporated in New Jereey Oot. 24, 1901, as an amalgamation, per
plan V 73, p. 1114, of various operating oompanles, of which it owns
Practically all the stock. See list V. 67, p. 1160, 1207; V. 69, p. 387;
77 t P- 253 30 1; application to list,
p. 1477.
V 75 P. 735- 6l3 v oommon, $25,000 000; pref. (also V. 80, assets) 6
as to
Stock authorized,
r>
c cumulative, $10,000,000; outstanding, common, $19,524,700;
pref $6,078,200. No bonds. Dividends on pref.. in full to Oct. 2,
1905*. inclusive (paid Q. J.). On common, Oot., 1902 to Ojt. 2, 1905,
inclusive, 10 p. c. yearly (2^ p. 0. Q.-J.)
Report for oal. year 1904, V. 80. p. 1477, showed: Net profits. $3,339 148- dividends, $2,281,366; bal., sur., $1,057,782. Piesldent,
George Eastman; 1st Vice Pres. and Treas., Henry A. Strong; Secretary, Walter S. Hubbell.-(V. 80, p. 1365, 1425, 1477.)
i
-
-
FdlMon Electric Illuminating Co. of Boston.—Organiza
- Incorporated in 1886. In 1903 controlled entire eleotric light
tton
business of city. V. 75, p. 1251; V. 76, p. 1251, 1303; V. 81. p. 1d7.
Valuation in tentative proposition for municipal ownership, V. 8i,Jp.
1102.
Stock —Stockholders were offered the right to Deo, 15, 1904,
share, payable 25
to subscribe for $1,045,000 new stook at $200 per
on Jan. 18, 1905 (or optionally in full on that date), and balance
p
on May 2, 1905, raising the amount outstanding to $11, 494,100. j«V.
79, p. 2207. V. 77, p. 149, 1743, 2392; V. 79, p. 215.
16,249,425
1,774,000
2,281,400
2,500,000
3,125 000
3,125 000
6,510,000
1,500,00"
12,000,000
4,911,000
Whom.
Payable
Cent.
7
$100 $3,000,000
Dominion Coal— Fret., 7 per cent, cnm. (text), con v.. red.
5 g
1905 500 &o.
5,000,000
1st mort. gold, sinking fund— see text, redeemable.
7,876,000
5 ISDominion Iron <£ Sieel— 1st M., g., $8,000,000, s.f ..see text 1899
500
2,250,000
6
2d M., $2,500,000, $250,000 due yearly beg. Oct., 1905 1903
10 19,524,700 10 in '05
Eastman Kodak Common stock, $25 000.000
10,)
6,078,200
6
Pref. (also as to assets), $10,000,000. 6 per oent, cum
100 11,488,100
10
Edison Electric III. Co., Boston-Stools, (bonds, see text)..
Edison Electric Illuminating— See Kings Co. Elec. Lig HT <& Power AND CONSOL. Gas Co.
Electric Storage Battery- Stock ($249.20 is pref.) text..
Elec.Vehicle Co.-Ref. 1st M., $2,225,200 (V.74.P 98).Mo
[Vol. lxxxi.
F.
M.
J.
&
&
A.
& O
**•-£•
Q.-F.
of N. Y
& N
4
g-
J
3 in 190".
5&6g
& D
& J
& J
J.
J.
F»b.
&
J.
J
1.
1,
July
To
Got.,
1940
1929
1914
Oct. 2.'05, 2ifl
Oct. 2, '05. lis
Nov. l,'05,2ia
HHHC6
Checks mailed.
Oct. 2, '05, 1*4
Nov., 1905
N. Y., Morton Tr. Co.
3 in 1905 J. & J
6 in 1901
Deo.
Sinl901
See text.
May
Montreal, Canada.
Rochester, N.Y. <fc Lon.
do
do
By check.
Q.-J.
M.
,
A,
N, W.E.Tr.Co.,B08.&Mont.
J. Bank of Montreal, Can.
Q.-J.
5 in 1905
6
<fe
Bonds—Prlnol- pal.When Due.
by Stocks—Laet
Dividend.
Checks mailed.
July
1, '05, lifl
jDec. lPO-1,6%.
'J'ne,
&
1905,3%
N. Y. Security
Tr. Co. Jan. 1, 1928
Treas. Office. Philada. Jan. 1. 1925
Feb. 1, '05. 3%
N. Y., Guar. Trust Co.
July 1, 1931
Dividends.— In Feb., 1901, 3 p. c. Including 1 p c. extra; May,
1901 to Nov., 1905, both inclusive, 10 p. 0. yearly (paid Q -F.)
Bonds.— Bonds are $289,000 Boston Eleotrio Light 1st 6s (int.
M.&8.) due Sept. 1, 1908; $961,000 first consol. gold 5s (authorized
issue $1,250,000), due Sept. 1, 1924; $50,000 Somerrille Elec. Light 5s,
due 1913, and $17 000 Woburn Light, Heat & Power Co.
1918 int. A <te O. at Mercantile Trust Co., Boston
Report.— Report for year ending June 30, 1904, in V. 79, p.
Tear.
Gross.
Net.
Divid'ds.
Other inc. \Interest.
6s,
due
4
2083:,,
Bal.,$ur.
1904 05.$3, 346,027 $1,502,921 $33,286 $94,021 $1,070,770 $71,416
1903-04. 3,lVi5,517 1,116,826 37,396 102,408
973,405
77,409
Officers.— President, Charles L. Edgar; Treasurer, Henry B. Cabot
Office,
3
Head
Place, Boston, Mass.
(V. 81, p. 157, 901. 1102.)
Edison El. 111. of Brooklyn.—See Kings Co. El. L. & Power.
Edison Electric II ml 11a ling Co. of New York.— See N. Y.
1 11
Edison Co. under Consol. Gas of N. Y.; also April, 1899, Sup.
Electric Boat.— See page 175.
Electric Co. of Amer.— See this Seotion for July, 1905.
Electric Storage Battery.—Incorporated in 1888 under laws 01
New
Jersey.
Owns
basic patents for storage batteries.
(V. 69, p. 76,
Acquired in 1899 $6,364,600 stock of Electric Vehlole Co. and in
Oot 1902, an English co
V. 75, p. 908; V. 76, p. 657, 921; V. 77, p.
34, 91. Statement showing properties, etc.. V. 77, p. 34; V. 76. p. 868.
Stock, Etc.— Stock authorized, $18,000,000; outstanding, pref.,
1 p. 0. cum., $249,200, convertible into common stook share for
850.)
,
share; oommon, $16,000,225; par of shares, $100.
After 1 p. o.
on preferred, common and preferred share equally. On oommon, Apr.
1, 1901, to Oot. 2, 1905, both inol., 1*4 p. 0. quar. <Q— J.).
Earnings.— Statement for calendar year 1904 in V. 80, p. 1233,
showed total net earnings, $1,082,909; dividends paid, $812,435; bal.,
surplus, $270,473; total sur. Deo. 31, 1904, $3,198,864. See also report
for 1900 in V. 72, p. 578. President, Herbert Lloyd; 8eo. and Treas.,
Directors, May, 1903, V. 77, p. 34.
Walter G. Henderson, Phila.
Office, Allegheny Ave. and 19th St. Phila., Pi» —(V. 80, p. 1233.)
Electric Vehicle Co.—Organization. -Incorporated in 1897
under the laws of New Jersey. V. 70, p. 1197, 1252; V. 71, p. 1169.
See V. 69, p. 850. As to status In Sept.. 1901, see V. 72, p. 495. De
olslon upholding Selden patent, see V. 76, p. 754; V. 77, p. 253.
Securities.— Common stook authorlzed$11.000,000; issuedf 10,450,000; pref., 8 p. 0., non oum. $9,000,000, of which $8,145,000 outstanding. Par of shares, $100.
After 8 p. 0. on oommon, dividends are
to be divided pro rata between the oommon stock and the preferred
stock. Electric Storage Battery Co. in May, 1903, owned $3,152,300
pref. and $3,212,300 oommon stook, and $544,000 bonds
Dividends.— On pref., April, 1899, 8 per cent; April, 1900, 2 p. 0. On
oommon, in 1899, 8 p. 0. None since. Last report in V. 69, p 850.
Pres., M. J. Budlong. Exeoutive committee: Philip T. Dodge, H.
H. Vreeland, Albert Taylor, Grant B. Schley Jr., M. Gavin 2d, W. O.
Knudsen.-(V. 77, p. 253; V. 79, p. 1464.)
Empire Steel and Iron Co.—See page 175.
Equitable Gas Light (of N. Y.)— SEE Oonsol. Gas CO.
Equitable 111. Gas Light of Phila.— See page 175.
Erie Telegraph Ac Teleph.—See West'n Teleph. & Telegraph Co.
Erie Ac Western Transportation Co.— Organization.— Owns
terminals, including gralu elevators and freight warehouses, at
Chicago, 111., Buffalo, N. Y., and Erie, Pa., and vessels plying on the
Great L^kes.
all
used by the Pennsylvania
RR
,
whioh Jan.
1.
1905,
owned $2,499,650 and Northern Central Ry. $500,000
of the $3,000,Terminal RR. of
000 stook. Bonds are guaranteed by the Connecting
Buff.lo and Western Warehousing Co. (of Chicago: they are subjeot
to oall at 105 after Jan. 1, 1910. V. 70, p. 432, V. 80, p. 711
see applloatloo to list, V. 81, p. 724. For 10 years ending Deo 3 1, 1904,
dividends were at the rate of 4 to 5 per cent yearly; in 1904 and
1905, none. Iu 1904 gross earnings were $1, 118,936— (V. 81, p. 7*4.)
Fairmont Coal Co.— Organization —fncorp orated in West Virginia June 19, 1901, as a consolidation of 11 of the leading coal oompanles In the Fairmont, W. Va., range* along Monongahela River, on
B. & O. RR. Owns 30,280 acres of coal lands and rights and about
4,030 acres of surface; also 24,936 acres under perpetual lease. See
V. 74, p. 98, 431. The Consolidation Coal Co.of Maryland (see above),
which also controls the Somerset Coal Co., owns $6,001,200 of the
$12,000,000 stook. The Fairmoot owns $2,203,300 of the $3,000,000
Clarksburg Fuel stook a^d $1,350,000 Northwestern Fuel Co. stock,
and $1,125,100 of the $2,250,000 Pittsburgh A Fairmont Fuel Co.
stock (the last named acquired Deo. 1904). V. 78, 1272; V. 79, p.
2699 Clarksburg Fuel Co. (report for 1904, V. 80, p. 1478) has outstanding $2,085,000 1st 5 p. o. and $393,000 six p. 0. bonds, and the
;
Pitts. <fe Fairm. Fuel Co. (report for 1904, V. 8
p. 1478). $1,300,000
3 »-yeargold 5s (U. S. Mort. <te Tr. Co., N. Y. trustee)."due July 1, 1935,
Tonnage mined In 1904,3,750,176
subject, to c.ill at 110, int. J.&J.
tons; in 1903, 3,691,783 tons.
Date.
Int.
Bmds.
Outstand'g.
Maturity
1901 6 FAA
American Coal & Coke
$190,000
Feb. 1.1911
Briar Hill Coal & Coke M.... 1900 5 J&D
215,000 June 1,'06'13
See table at top of page.
Fairm. 1st M. of 1901
5s of 1901, $405,000 are reserved to retre th* underlying
Of the
bonds and $324,000! to retire the 6s of 1901, which have been called
for payment at 105 ou Jan. 1,1906. Sinking fund tor bonds, 2 cents
per ton of coal mined Car trust notes Deo. 31, 1901 $,$11,080.
Dividends— Divs. Feb. 1, 1904, 2 p
Feb. 1, 1905, 3 (lnol extra).
Report.— Report for year ending Deo. 81, 1904, in V 80, p 1361.
other inc. Oharges.
Tear.
Net.
O'oss
Divid'd Bal., sur.
1904.. $3,754,1 53 $854,204 $332,333 $5*2,602 $360,000 $283,935
1903.. 5,197,6-!6 1,769,055
357,013
543.105
240,000 1,342.963
Pres., O.W.Watson. (V. 80, p. 225, 474, 1178, 1361 V.8l,p. 1045.)
',
M
;
;
.
:
.
INDUSTRIAL STOCKS AND BONDS.
Oct., L905.J
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of column headings, &o.,see notes on
Bonds Value. Outstanding
first page of tables.
1,000
1,000
1,000
9,74", 000
fi
5,000,000
5g.
p. 2586.
Voting Trust.— Stook is vested for ten years in five votlne trustees
Rudulph Ellis, William F. Harrity, Alvln W. Kreoh, Henry Tatnall and George R. Turnbull, but the trust may be dissolved in whole
or in part at any time by unanimous oon»ent. or after seven years as a
vl».,
whole, In the discretion of a majority of trustees.
Bonds of subsidiary companies: $882,100 Barber Asp. Pav. deb. 6s>
$1,710,595
due April 1. 1916, subject to oall at par, beginning 1906
New Trinidad Lake Asphalt debenture 6s, due Jan. 1, 1930. V. 70, p.
993; V. 71, p. 545; V. 79, p. 101; see also securities owned, V. 73, p. 290
Report. - Report for year ending Apr. 3 J, 1905, in V. 80, p. 2218,
showed results for 12 mos. ending .fan. 31. 1905 : Total gross income,
$10 478 418; net lnoome, $1,721,032; Interest, taxes, bad debts, etc,
$871,945; profit for 12 mos., $349,087; from whloh was oharged off
$136,092.
Officers.— President, John M. Mack Vloe-Prests., Avery D. Andrews and Arthur W. Sewall: Secretary, Ira Atkinson; Treasurer, Clyde
Brown. Offloe, Land Title Bldg., Phila.— (V. 81, p. 214, 616.)
;
;
General Chemical Co.— Organization, Etc —Incorporated In
New York on Feb. 15, 1899, as a consolidation of the Nlohols Chemical
Co N. Y., James L. Morgan A Co., N. Y., and others. V. 68, p. 571.
V 73, p. 724.
STReport.— Report for year ending Deo. 31, 1904, with balanoe sheet>
In V. 80, p. 598, showed Net profits, $1,314,748; charged off, $285
:
78, p. 822
Officers.— Pres.. William H. Niohols; Treasurer, James L. Morgan;
Seo.. William H. Nichols Jr., N. Y., 25 Broad St.-(V. 81, p. 901).
General Electrte Co.—Organization.— Organized ander a speolal
charter of New York, Apr. 15, 1892, and manufactures outfits for e eotrio railways and all kinds of eleotrioal supplies. In 1896 pooled patents with Westlnghouse Eleotrio * Mfg. Oo. V. 62, p. 502, 635, 1040; V.
65 p 151; V. 68, p. 1024. (8ee V. 68, p. 927). V. 70. p. 6-<9; V. 80. p.
1481 Contrao'i for power, V. 72, p. 583. In June, 1901, obtained controlling Interest In British Thomson Houston Co.. Ltd.. of London. V.
72 p. 1283. In Feb.. 1903, about $2,900,000 of the $3,000,000 stook
on com. were passed. V.
of Stanley Eleotrio Mfg. Co. was purohased. V. 76, p. 437. Owns entire stock of Eleotrioal Securities Corporation and Electric Bond
Share Co. V. 79, p. 1706, 2645; V. 81, p 510.
Owns the rights for the United State* under patents covering Curtis
steam turbine engines. V. 76, p. 1195; V. 77, p. 2161. Cooperates with
Am. Locomotive Co. in building of eleotrio looomotlves. V. 79, p. 1022
Stock.—On July 15, 1902, a stook distribution of 66«s p. o. was
made, thus restoring the 40 per oent surrendered In 1898. See V. 74,
In 1901 the shareholders subp. 729. 777, 1199, 1252; V. 75, p. 32.
scribed at par to $4,377,300 new stock. V. 78, p. 1277, 1964.
&
1905
1899. 1900. 1901. 1902. 1903. 1904.
6I3
8
8
8
9
8
3
Debentures.—In 1902 $2,049,400 debenture bonds were Issued, redeemable on or before Aug. 1, 1912, at par and thereafter at 105 In
exchange for greater part of Sprague Electric Co. stock. V. 75, p. 139^
5
Percent....}
Is held the seoond Tuesday in
at length In V. 80, p. 1726, 1735.
Annual Report.—Annual meeting
1904.
.$89,231,328 $41,6f9,618
465,717
760,797
Royalties, etc
844.3H1
194,746
Int. and dlsot..
138,644
Sale of secur.,&0. 281,928
Income— Sales
Total
.
$40,823,854 $42,788,804
Deduct—
1905.
1904,
Op. exp.& taxes..$83,628,136 $34,918,427
76,007
75,672
Int. ondebent...
Bal.fordiv.,&c. $6,719,546
$7,789,370
on stock, $3,684,384; total surplus Jan. 31, 1904, $7,293,689; deducting $759,654
from patent account, leaves total surplus Jan. 31, 1905, $9,569,197.
Cash Jan. 31, 190s $6,529,116; accounts receivable and work in
Balance 1904-0 s, as above, $6,719,546; eash
A.
6
Direotors, V. 77, p. 403. Offloe, 32 Broadway.— (V. 80, p. 1974.)
Fisheries Co.—See this Section for April, 1904. V. 80 p. 2461.
General Asphalt Co.— Organization — Incorporated in New Jersey on May 19. 1903, as suooessor of the National Asphalt Co., per
plan V. 75, p. 188; V 76, p. 1145. Properties, V. 79, p. 101, 2586, 2699;
V. 80, p. 2218.
Stock.—The preferred stock has preferenoe as to assets In oase o f
liquidation and is limited to dividends of 5 per oent per annum (oumu*
latlve after 2 years. As to right of conversion, call, etc., see V. 79«
was given
F.
4
)
for 1 904-05
Tear end.Jan.31— 1905.
5g4ifl g.
17,442,800
22,406,700
1
May. Report
20,000,000
50,000,000
100
100
Federal Mining A Smelting Co.— Organization.— Incorporated under laws of Delaware June 2r>, 1903. Owns silver-lead mines
In Oceur d'Alene distriot, Idanu. Has six year oontraoC, expiring Sept.
1 1909. to s«U entire output of present mines to American Smelting
2099; V. 77, p.
A Refining Co. See V. 79, p. 2694, Co (controlled 203. In May. 905,
by the Arner. Sm A
the American Smelters' Securities
V. 80, p 1974.
Ref. Co acquired control
Stook authorized, common, $10,000,000; preferred (as to assets and
dividends), 7 per oent cumulative, $20,000,000: outstanding, common, $5,'i00.000; preferred, $10,000,000; par of shares, $100 each
Preferred has no voting power except in connection with increase of
Dividends on preferred, 1% p. o. quarpreferred stock. No bonds
terly (Q-M. 15) to Sept 15, 1905, Inclusive. On common Ha p. c. quar
terly (Q-M. 15), June, 1904 to Sept 1905, both inclusive, and in Mar.,
June and Seit.. 1905, 1 p. c. extra each.
President, Charles Sweeney; 1st Vlce-Pres. and Chairman, Edwin
Packard; Treas., Bruoe Clendenning; Secretary, Frederick J. Kilner,
Dtvtdends.—
do
•J.,
div.
progress, $18,757,254; stocks, bonds, real estate, etc., $14,848,249;
accounts payable, etc, $1,689,806.
do
Oct. 2, '05.
14
15 Check from Co.'s office. Oot. 16,'05,2%
A. N.Y.,Gu.Tr. Co., ABost. Aug. 1, 1942
text. See text N.Y., J.P.Morgan
£337,200
1898
Due.
Stocks— Last
Dividend. %
,-M. New York, 25 Broad St. Deo. l,'03,m
A
100 120,000,000 See
100 49,932,735
100 52.255,970
1899
1902
BoniiM— Principal, When
3*3 g.
9. A
2,047,000
3i«
Philadelphia.
& O.
Oot. 1. 1940
2,192,000
Checks mailed.
Oct 30/05,4%
8,640,000 See text. ai-mon.
7,500,000
5 g. J. & D. N. Y., Morton Trust Co. June 1, 1922
1902 100 Ac
1890
1,000
10
1902
1,000
M
Offloial statement, V. 74, p. 1093;
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
Payable
Whom.
Cent.
$100 $22,972,663
100
7,410,300 See text.
6
100 10,000,000
100 48,27O.lf0 8 In 1905
General Asphalt—Stock, $13,139,663 la pref
General Chemical Co.— Common stock, $12,500,000
Preferred stook, 6 per cent, cum., $12,500,000
General Electric— Common stock, $4*, 325, 500
Debentures for Sprague stock, $2,500,000, g., red. tert.o
r
Girard Point Storage— 1st M.,gu. p. <fel. Pa.RR
Greene Consolidated Copper Co. Stock.
Havana Tobacco Co.— Bonds, $10,000,000, gold
Hoboken Ferry— Bee N. Y. A Hoboken Ferry.
Illinois Steel— See United States Steel Corporation.
International Harvester— Stook, $120,000,000
arine— Stock, com., $60,000,000
Internal' I Mercantile
Preferred stock, 6 per cent, cumulative, $60,000,000..
Int'l Nav. 1st M., g., $20,000,000, sub. call text.FP.C
I. M.M.col.tr. deb., $75,000,000, red.105 af.5 yrs.N.o*<fcr
r
Fred. Leyland & (Jo. 1st mortgage debentures
International Paper—Stock, common, $20,000,000
Pref. 6%, cum., $25,000,000 (underlying bonds, text)
1st oon.M.,$10,000,000, g. red. af. '07 at lOS.oonv. U».c*
Con. AL, $10,000,000, gold, red. s. f., oonv., text.Col.o*
16.3
J.
&
A,
&O
&D
ff.
Y.,
F.
J.
A
A
A.
Nov.10,'04,4%
Feb.
office.
& Oo.
Checks mailed.
do
do
Q.-J.
g.
Company's
N.Y., J.P.Morgan
& Co.
July
do
1929
1, '99,
1%
8ep.30,'05, li«
N. Y., Met. Tr. Co.
J.
1,
Oct. I, 1922
Feb.
Jan.
do
1,
1,
1918
1935
Officers.— President, C. A. Coffin; TreasurBr, Hnnrv W. l>arhn?;
See: M. F. Westover N. Y. office, 44 Broad St
New direotors May,
1905, V 76, p. 10*8; V. 78, p. 1277; V. 80, p. 19L5.— (V. 60, p. 172tt,
1755,1915; V 81, p. 510.)
Glucose Sugar Kenning Co —See Cora Products Co.
;
Gold
& Stock Telegraph
Co.— See Western Union Telegraph.
Grand Rapids Gas-Light Co.—See
Amer. Light
&
Traction.
Great Lakes Towing Co.— See page 175.
Greene Consolidated Copper Co. (Cananea, Mev.)—Incor-
porated in West Virginia Sept 15,1899. Stock, $3,640,000; par of
sharts $10; no bonds. Dividends: In 1901, 4 p. c; in 1903, 6 p. c; in
1904, 13 p. c; in 1905, Feb., 4 p. c Apr., 4 p. c; June. 4 p. c; Aug., 4
p c; Oot 4 p. o Output of refined op er lor fiscal year 1904-5, 62,838,812 lbs against 55.014,339 in 1903 4 and 42,310.554 In 1902-3.
Report for vear endiner July 31, 1905 in Chronicle Oot. 28, showed
total net profits, $3,000,509; charges, $195,122; dividends (19%), $1,
641,600; bal., sur., $1,163,787. President, W. C Greene; Vice Pres..
Mark L. Sperry; Secretary. Geo. S. Robblns. Office, 24 Broad St., N. Y '
( '.81, p. 729, 1045, 1177.)
Hackensack Water Co.—V. 75, p. 1205, 1964; V. 79, p. 2799.
Havana Tobacco Co.—See page 175.
Herring-Hall-Marvin Co.—See p. 175.
Hudson County Gas.— See Index Street Railway Section.
International Harvester Co.—Inoorp. in N. J. on Aug. 12, 1902,
and bought out five concerns manufacturing agricultural machines:
Deerlng Harvester Co., MoCormlck Harvesting Machine Co., etc Also
has large new plant In Canada, timber lands, coal, ore, blast furnace and steel properties. V. 75, p. 345; V. 77, p. 454, 1 877.
Stock. -Stock Is held in a voting trust, the voting trustees being
Perkins, Ohas. Deerlng and Cyrus H.McCormlok, V.78,p. 1112
Geo
Dividend.— In Nov., 1903, 3 p. c; Nov., 1904, 4 p. 0.
Oppicbrs.—Chatrman of Board, Charles Deerlte; President, Cyrus H. MoCormlck; Vice-Presidents, James Deering. Harold F. McCjrmick. J. J.GIe*sn»r and William H. Jones: Sec etary and Treasurer, Richard K.Howe; Chairman Finance Committee, Geo. W. Perkins; Cbairmau Eiecutlve Committee
J. J. Glessner. General Office, 7 MOLroe St., Chicago.— (V.7i, d. 2460.)
International Mercantile Marine Co.—Organization, Etc.
—Formerly Internat. Navigation Co., acquiring Oct. 1, 1902 (per plan
V. 74, p. 888, 941, 1093; V. 75, p. 1089, 1305), on Deo. 1, 1902, White
Star, American, Red Star, Atlantic Transport, Dominion and Leyland
lines, having an aggregate gross tonnage then built or building of
1,079,732 tons (134 ships). V. 79, p. 158, 159.
As to agreement with German lines, see V. 74, p. 1255; relations
with English Government, V. 75, p. 735; V. 76, p. 975; V. 77, p. 301.
Stock and Bonds.— Of the stock, $10,067,265 com. and $7,744,029
pf ., at last a-'oounrs, remained In the treasury (see V. 78, p. 1 220.) The
new 4!3 per oent debentures are subjeot to call at 105 after 5 years.
The International Navigation 5s are subjeot to call at par after 1909
and a sinking fund of $250,000 to $500,000 will retire them annually,
beginning May 1, 1905. There are £203,706 Dominion Line debentures.
Report.— Report for year ending Deo. 31, 1904, InV. 81, p. 262,
showed: Total gross earnings, *28,846,992; net $1,806,407; int. and
income tax, $3,845,556; add surplus Insurance account, $~97,052;
bal., def., for year, $1,142,097.
In 1903, gross, $31,037,419; net,
$4,000,521. President, J. Bruce Ismay.
Directors.— Americans.—C. A. Grlscom, P. A. B. Widener, Percy Chnbb, John
I. Waterbury, B. J. Berwlnd, George W. I'erttlns, James H. Hyde Charles Steele.
British Committee.— Sir Clinton JB. Daw kins, Rt. Hon. W. J. Pirrle, Henry
;
,
,
—
W
Wilding, J. Bruce Ismay.
Finance Oummxtlee.— J. Bruce Ismay, C. A. Grtscom, and Sir Clinton B.
Dawklns P. A. B. Widener, B. J. Berwind, Charles Steele, George W. Perkins.
Percv Chubb.
Offloe, 9 Broadway, N. Y. (V. 80, p. 1426, 2462; V. 81, p. 262.)
International Nickel Co.—See page 175.
International Paper.—Incorporated Jan. 31, 1898, and took
over by purohase twenty five of the principal pulp and paper mills of
the U. 8., see V. 81, p. 2623; V. 67, p. 428 and V. 69, p. 494; also applications to list In V. 67, p. 1359, and V. 68, p. 726;
80 p. 1482.
Daily output about 1,700 tons. 8ee prospeotus In V. 66, p. 288 and
V. 67, p. 177, also official statement V. 69, p. 281. The Continental
Paper Bag Co., a majority of whose $5,000,000 stock is owned; owns
a factory at Rumford Falls, Me.; with capacity 12,000,000 bags dallv;
first (quar.) div. on com. stook, 1 p. c, paid in J une, 1905. V. 70, p. 742;
V. 69, p. 494, 908; V. 73, p. 786; V. 80 p. 2624. The American Realty
Co. acquired some 250,000 acres of land In Maine and made a mortgage
for $500,000; outstanding, $439,000. V. 75, p. 1205; V. 79, p. 2207.
Dividends.—On pref. July,1898, to O ot. , 1905,lncluslve, 6 p.c yearly
(1*2 quar.) On Dec. 31, 1898, paid on common, 1 p. c; in 1899, 2
p. c; none since to July, 1905. V. 69, p. 593, 957; V. 72, p. 1037.
Bonds.—The oonsol. mortgage 5 p. 0. bonds of 1905 ($10,000,000
authorized issue), of which $5,000,000 has been sold to reimburse the
treasury for surplus.earnlngs used for improvements and to provide
V
,
additional working capital, are convertible on any lnrerest day beginning July, 1907, and .before 1917, into preferred stock at par.
sinking fund of 2 p. 0. of all bonds ever Issued is payable yearly, beginning 1907, for which bonds are subject to oall at 105 and interest
after 1909. The remaining $5,000,000 bonds are reserved for future
purposes V. 79, p. 2699; V.80, p. 119, 225; see ap. to list, V.80, p 1482.
The oonsols 6s of 1898 are convertible at holder's option on any Feb 1
or Aug. 1 before 1910 into preferred stook at par; they oover all "afteracquired realty." A sinking fund of $150,000 is payable yearly on
Feb. 1. 1905, and thereafter from surplus earnings of preceding year,
for which bonds are subjeot to oall at 105 and Interest on Feb. 1 and
Aug. 1 after 1907. Consols are reserved to take up $253,000 Otis Falls
issue below named. In addition to oonsols there are outstanding
A
o
INDUSTRIAL STOCKS AND BONDS.
164
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Date
&o., see notes on
International Sal t— Stock, $30,000,000
M., g., $12,000,000, Usm.red. at 105, s.f.,$200,000 yrly.
International Silver— Stock, common, $11,000,000
Stock, preferred, 7 per cent, cumulative, $9,000,000. .
Dividend scrip (V. 7 6, p. 106)
1st M., $4,500,000; 8. f., called at 110, beg. 1901. N..o*
Debentures, $2,000,000, gold, redeemable at par
Size, or
Par
of
Bonds Value. Outstanding
Pump Co.—Com.
—
100
Worthington, pref. stock, 7
p. o.
cum.
(see also text)..
HollyMfg.,l8tM.,$700,000,g.,gup.Al.end(V.73,p.lll7)
Keyttone Telep.Oo .Phita.— IstM. $10 000X00 g.red.text
King* County Electric Light dk Power— Stook, $10,000,000
c
1st mortgage, gold, $2,500,000. Col
Purch. mon. M.,g.,sec. by Ed. stk &o.(V.76,p.47)Ce.o*
g.JWo.c*
Edison El. IH.,cons. M., now 1st, $10,000,000,
Lackawanna Steel— 1st M., g., red., convert., text.F.. .c*
Five-year secured gold notes, $i 0,000,000, red. at par
1st consol. M., $30,000,000, gold, red. 105 aft. Mar.,'1o
Laclede Gas Light— let mortgage, gold.Ce
Refunding and extension mort., $20,000,000, gold.
Coupon notes, gold
Luke Superior Corporation—Stock, $40,000.000
1st mortgage, $10,000,000. gold. Usui
Income mortgage. $L000,000, gold
Bonds of subsidiary companies.— See teTt.
,
. .
1. Int.
Paver imrch.rr.onev. Interest.
1st M.
_
j ig M g
Ammonoosuc Lumber
On'tafi'6'PaperVist'M.*."!.'.'.''"
Rumf'rd Falls Sulphite 1st M.
Where paid.
NY
eg. F-A
6g. J-J
Piscataquis Falls Paper, 1st ) 4g<
••
J
M.. s. f
2. Old bonds (x iggumca.)
1898
1903
i'ooo
1,000
ioo
ioo
stock, $18,500,000.Col
Preferred stock, 6 per cent, cum., $12,500,000. Col....
Deben., $3,500,000 (conv.into com. s'tk) red 105beg.'08
do
do
ao
F. A
jMet#Tr .c
do
do
d0
1903
1,000
ioo
1901 ioo &o
1905 500 Ac.
100
1897
1,000
1898
1,000
1898
1,000
1903
1,000
1905
1905
1889 100 <feo.
1904
1,000
1901
1,000
100
1904
1,000
1904
1,000
Outst'ing.
.
Maturity.
$280,000 Sept.
150,000 Feb.
350,000 July
123,000 Aug.
x Hudson River Pulp &>6g. J-J N.T., Manh.Tr Co. 1,600,000 Jan.
Subject to call at 106 after 1907.
5
Paper
x Otis Falls Pulp Co IstM. Iflg.MN Bost.Old Col.Tr. I. 253,000 May
Subject to call at 106 for s.
Old Colony Tr. Co.. trustee. S
6g M-N N.Y., s-ec.&Tr.Co. 104,000 Nov.
x Remington Paper Co
SgM-8 N.Y., Met.Tr.Co. 389.000 Mar,
Olcott Falls Co!
1,
'18
1, '18
1, '18
1, '18
.
„
1, '18
1, '16
1,
1.
'06
'19
Report.—Report for year ending June 30, 1905, in Cheon. Oct. 28.
Balance,
Dividends.
Cost raw ma- Interest,
Gross
Fiscal
surplus.
income, terinls, mfg. etc. taxes, etc. (6%)onpref.
year
1904-f $20,908,666 $17,640,198 $1,130,350 $1,344,402 $793,715
717,258
1,344,402
17,150,530 1,092,323
1903-4 20 304,514
1,344,402 1,186,132
16,529,310 1,082,927
1902-3 20,142,771
Officers.— President, Hugh J. Chtsholm; First Vice-President, F.
H. Parks; Second Vice-President, T. T. Waller; Treasurer, A. N. Burbank; Sec'y, E. W. Hyde. 30 Broad St., N. Y.-(V. 80, p. 2624.)
International Power Co.—See page 175.
International Salt Co.— Organization.— Incorp. in
N. J in Aug.,
1901, and acquired a majority of the stock of the National Salt Co. and
Reteof Mining Co. per plan V. 73, p. 724; V. 75, p. 551, 736; V. 76, p.
755; V. 77, p. 1228. On May 25, 1904, the National Salt Company's
properties were purchased at judloial sale; successor Internat. Salt Co.
of New York with $750,000 stock. V. 78, p. 2014; V. fO, p. 1056.
Coupons of 1903 were purchased by friends of the management, but
paid later by company, bee V. 76, p. 755; V. 80, p. 1056.
Underlying bonds $200,000|Hutchin8on-Kansas Salt Co., due Jan. 1,
1912, and Retsof Mining Co., $1,000 gold 5s, due Oot., 1925, $2,500,000
(int., J &J., at KniokerbockerTrustCo.,N.Y., trustee). Report for oal.
year 1904, V. * 0, p. 1056. Pres., E. L. Fuller; £ec. and Treas., M. M.
Beldlng Jr. Office, Scranton, Pa.; N. Y. office, 170 Broadway— (V. 80,
p.
1056.)
International Silver.— Organization, Etc.— Incorporated
in
Nov., 1898, under laws of N. J. and acquired silver-plating properties
—see V. 67, p. 1160 also V. 68, p. 232, 334, 1024; V. 76, p. 106. Also
has a large sterling silver output. See V. 68, p. 334, as to rights of
capital stock, plants, etc. V. 67, p. 1160; V. 68, p. 1024 V. 71, p. S4SStocks, Etc.— In Jan., 1903, purchased all the stock of the U.S.
Bilver Corp., which had acquired $9,068,400 oommon and $515,800
preferred stock of the International Silver Co. and all the stook of C.
Rogers & Bro. of Meriden, Conn. The Int. Co. issued in payment
therefor $1,500,000 pref. stock and $2,000,000 6 p. o. debentures.
V. 76, p. 106. Underlying bonds, $127,600 Holmes & Edwards 1st 6s.
Dividends on preferred, l^i per cent, paid April, 1900; in 1901,none;
Jan., 1902, to Oot., 1905, both inol., 4 per cent yearly (1 p. c. Q.— J.);
also Id Jan., 1903, scrip for unpaid dividends (21 ^ P- o.) to date, $1,085,343. V. 75, p. 1357; V. 76, p. 106.
Report for year end. Deo. 31, 1904, with bal. sheet, in V. 80, p. 1172.
showed net earnings, $904,017; int. on bonds, $332,593; div. on pref.
stock (4 p. c), $263,080; depreciation, $167,4.*>8; baL, eur., $140,886
Pres., Samuel Dodd; Treas., Geo. M. Curtis; Office, 11 Maiden Lane,
N. Y. Dlreotors, V. 78, p. 1277.— (V. 80, p. 1000, 1172.)
International Steam
Co.— Organization.— Incorporated on Mar. 24, 1899, under the laws of New Jersey as a consolidation of five oompanies estimated to do 90 per oent of the steam pump
business of the country, exclusive of high duty engines. Offiolal statement in V. 68, p. 723; V. 72, p. 673; V.71,p.j<y; report V. 75, p. 82;
V. 76, p. 1146. New faotory at Harrison. N. J.. oostingover$l,O00.000.
was completed in 1904. V. 74, p. 1311; V. 75, p. 82,215; V, 76, p.
215. 1146; V. 79, p. 210.
Stock.— Div. on pref. Aug. 1, 1899, to Nov. 1, 1905, both lncl., 6 p. o.
per annum, Ha Q. J.; on oommon, July. 1901, to July, 1904. lnol.,1 p. o.
quarterly; Oot., 1904, 13 p o in 1905, Jan., >« p 0.; Apr., »« p.
in
July the dividend was emitted. V. 81 p. 34 The stook unissued is
set apart to retire the $2,000,000 7 p. e. cumulative preference shares
of Henry R. Worthington Co. and £179,850 6 p. o. debentures and
$485,000 8p.o pref. shareB of Blake & Knowles Co. Holly Mfg. Co.
bonds, see V. 73, p. 1117.
Debentures.— Debentures are convertible into stook at option of
holder. V. 75, p. 1305, 13d7: V. 76, p. 106, 215; V. 77, p. 2393; V. 81,
p. 268.
Report.— Report for year ending Maroh 31. 1905, given in V.
81, p. 208, showed net profits, $1, 332,93s ; dividend on preferred
(6 p. o), $531,000; Interest, etc., $513,33 S; div. on oommon (2^ P- 0.),
$306.^62; |bal., def.. $17,961. President, John W. Dunn; Treasurer,
Max Nathan; Asst. Treas., Arnold Tanzer. Office, 114-118 Liberty 8t.,
N. Y.-V. £0. p. 1916, 24fc2; V. 81 p. 34, 15JI, 208, 268.
Iron Steamboat.— See page 175.
Iron.— See issue of Apr., 1905.
Jefferson 6c Clearfield Coal
Kansas City, IHo., Gas Co.— See page 175.
;
;
Pump
;
4,500,000
9,944 100
6,607,500
1,085,343
3,647,000
2,000,000
12.262,500
8,850,000
3,500,000
2,000,000
700,000
4,000.000
5,000,0(0
2,500,000
5,176,000
4,275,000
15,000,000
10,000,000
See text.
10.000,000
6,000,000
1,000,000
40,000,000
9,043,000
3,000,000
"ioo
;
&
Keystone Telephone Co., Philadelphia.—Owns "independent" <of Bell) telephone system. Telephones In use In June, 190">.
about 17,000. and extensive conduit system, located in 229 miles of
street, of which about 75 i>, 0. to be leased to other companies. Owns
the Keystone State Telephone & Telegraph Co. with six suburban exchanges and lrSOO miles of toll line clrouit. Stook, $2,500,000, all
owned by the Keystone Tel. Co. of New Jersey. Majority of comrron
stock (pref. has no voting powen of New Jersey Co. Stock, $2 500,000, at least a majority to be held In a 7 years' voting trust (Geo. H.
Burnham Jr. of Philadelphia. Chairman). Bonds ($10,000 000 authorized issue), see table above, are subject to call at 108, beginnlog July
Vol. lxxxi.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Cent.
Payable
Whom.
$100 $15,000,000
1901
-
Intemat. Steam
Amount
|
5g. A.
4 in 1905
& O
8ee text.
Oct.
& D
5
g.
g.
8 in 1904
5
g.
6g.
4g.
5g.
5
g.
5g.
5g.
5
g.
5g.
5
g.
Up to 5°a
J.
J.
&
J.
,
J.
N.Y., Fisk
Q.-M.
&
& O
J. & J.
A. & O
M. & S
M & 8.
Q.— F.
A. A O
F. & A
& d
A.
A.
r.
Oct.
&
1951
AtwilL
Dec.
Jan
1,
1,
1%
1948
1933
Apr.l,'05,ifl%
Nov. 1,*05, lis
Jan. 1, 1913
Nov. 1, *05, 3**
Jan. 1, 1921
Robinson. July 1, 1935
Checks mailed.
Y„ Colonial Tr. Co.
N. Y., Central Trust Co.
S. Y., Morton Trust Co
N. Y., Off., 100 B'dway.
N.
do
do
do
do
Sep,
1, '05,
Oct
2%
May
1,
1,
1,
Apr.
Feb.
do
do
N, Y., 30 Broad
N. Y. (
1,
Oct. 2, '05,
N.Y. Am. Ex. Nat. Bk,
do
& J
do
6g
See text. Q.-J.
Checks mailed.
6 in 1905 Q.-F.
do
do
6g. J & J N. Y. Colonial Trust Co
7 per an. M. & N
Checks mailed.
5 g. J. & J. N.Y.,Ct.Real.B.&T.Co
6
Stock*— Last
Dividend.
by
Checks mailed.
Q.-J.
None
Bonds— Prinol
pal.When Due.
1,
1,
1937
1997
1939
1923
1910
1935
1919
1934
1911
June
1,
1,
1944
1924
Oot.
Jan.
Apr.
Mch.
Mar.
St.
do
do
Am. Ex. Nat Bk
Oot.
1.
1,
1,
1,
1,
1, 1908; $4,000,000 were sold to Fisk & Robinson of New York to pay
floating debt and for working capital; $2,500,000 are reserved to acquire securities of other telephone companies under severe restrictions, and the remaining 83,500 000 for future pun oses at not over
*600,000 yearly. See V. 81, p. 34. Calendar year 1904 gross, $686,-
043; net earnings, $317,165; renewal reserve fond, $58,159; balance
for interest charges, $259,005. Directors, July, 1905, V. 81, p. 268.—
(V. 81, p. 268.)
&
Kings County Electric Light
Power.— Acquired in 1898>
per plan in V. 67, p. 482, the entire $5,000,000 stock of the Edison ElIlium. Co. of Brooklyn, thus uniting all the electric-lighting business
in Brooklyn, N. Y. See V. 69, p. 177, 957; V. 70, p. 483; V. eO, p 2216.
Securities.—The stockholders voted July, 1905, to increase the
stock from $5,000,000 to$10,000,000, the new stock to be iesuedas
required. V. 81, p. 34.
The $5,176,000 purchase'money bonds are secured by deposit of
$5,000,000 Edison stook in trust, by a second mortgage Hen 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 committee—see V.67,p. 482, 1309. As to Edison Co.'s consol.
mort'ge, see V. 67. p. 482, 842; V. 71, p. 493, 868.
Drvs.—June, 1900, to Mar., 1903, 1%% quar.; since 2% quar.
Earnings.— Report for cal. year 1904 in V. £0, p. 2216 showed:
Net earnings of Edison Co. under lease, $660, 501; interest from investments, etc, $46,927; div. on stock (8 p.c), $321 508; bal., sor , $385.919. Pres., A. N. Brady; Vlce-Pres., Gen. Mgr. and Treas., W. W.
Freeman; Sec, J. H. Evans. (V. 81, p. 214.)
Knickerbocker Ice Co. of Chicago.— V. 80, p. 874, 1057.
Lackawanna Steel Co.—Organization.— Incorporated in New
York on Feb. 15,1902. The properties (see V. 77, p. 34; V.74,p. 1142V. 76, p. 1 61 437; V. 80, p. 19 1 6.) are:
(1) Plant situated at West Seneca near Buffalo. New Y«rk, to manufacture plate and all classes of structural steel and other mntena's In addition to steel rails and billets, to have a capacity of not less than l,i:5#,OOo tons
of finished product per annum; (2) ore properties in Minnesota, Michigan
Wisconsin and New York, stated to have 5H,Ot)0,000 tons of ore la sight- (3)
81,' 20 acres of bituminous coal lands (coal rights and in fee) In Pennsylvania
blast furnaces and coke ovens at and neai Lebanon, Pa., au interest In the
Cornwall KK. and Cornwall Iron Co., the first named belcg leased, aad about
one- third of the stock of the Cornwall & Lebanon RR.
Stock.— Stook authorized, all oommon, $60,000 000; par of shares
$100; of this, $34,971,400 is outstanding, full paid, and $28,600 Is
held for exchange, share for share, fc r Lack. I. & 8 stook; and 920,000 000 is reserved to retire convertible bonds. V. 76, p. 869.
Bonds.— The first mortgage gold 5s of 1903 (limited to $15 000 000) are secured by a first lien on the West Seneca plant and the
stocks of other corporations owi>ed. They are redeemable at the
oompany's option at 107 1* and interest to Apr. 1, 1906, on 60 days'
notice, and convertible into stock, dollar for dollar, at par. If not so
redeemei,at the holder's option at any time between Apr. 1.1906
and Apr. 1, 1915. V. 77, p. 34; V. 76, p. 437.
The 30 year 1st consol. 5b ($30,000,000 authorized issue) of 1905
cover all the property of the oompany owned or to be acquired, including the stock of the Negaunee mine. Of the bonds, $15,000,000 is reserved to retire the 1st 5s. For present needs, $10,000,000 five-year
5 per oent gold notes dated Mar. 1, 1905, subject to call on any interest day at par, were sold, secured by pledge of $12,500,000 of the 1st
consols. V. bO, p. 225, 475.
There are also outstanding $1,775,000 Laokawanna Iron & Steel
30-year 5s, dne Feb. 1, 1926, Farmers' Loan
Trust Co,, trustee covering property in Pennsylvania. V. 76, p. 385.
Officers.— President, E. A.S.Clarke; Vice- Pres., Moses Taylor; Treas
J. P. Hlgglnson; Sec, J. W. Farquhar; Comptroller, Marshall Lapham'
*
N. Y. offloe, lOOB'way.
Directors.— J. J. Albright, C Ledyard Blair, B. A. 8. Clarke, Mark T Cox
Warren Delano Jr., G. R. Fearing Jr.,
8. Qulnness, Bdmund Hares, Adrian
Ixelln Jr., Samuel Mather, J. Q. McCulloagh. D.O.Mills, Moses Taj lor Pyne
William B. Rels. James Speyer. H. A. C. Taylor, Moses Taylor, H McK*
Twombly, Cornelius Vanderbllt, Robert B. Van Cortlandt, Henry Walters'—'
,
&
R
(V. 7», p. SO, 106, 68«, 771; V. 78, p. 1867, 2648; V. 80, p. lib, 476,
(164,
1816.)
Laclede Gas Liuht.— Organization.— Incorporated In
1857, and
n 1889 secured control of all the other gas oompanies in St. Louis
Operates under perpetual franchises. In 1896 the price of gas was
reduoed from $1 18 to $1 per 1,000 feet for Illuminating and 80 cents
for fuel gas. Suite V. 66,p. 760; V. 70, p 534. In 1903 North Amer. Co.
1905, acquired a portion of the miaoqulred control and in Feb
nority interest. V. 76, p. 545,922; V. 78, p. 1273; V. 80, p 1000.
Stock.— Preferred, 5 p. 0. cum., $2,500 000; common, $17,500 000
authorized; outstanding, $8,500,000; par of shares $100. V. 78, p.823.
Divs.) '95 to '97. '98. '99. '00. '01. '02. '03 1904.
1905
5
Pf.5Xcum...>
7
June 2>«
.
1
,
855555
334444
Com., p.o...)
5
lncl. Sept.. 3%
Common, 1905, Mar., 1H p. 0; June, Ik p. c; Sept ,
p o.
Bonds.— See application to Stook Exchange in V. 49, p. 657
Of the refunding and extension 5s of 1904 ($20,000,000 authorized
issued; Bankers' Trust Co. of New York and Mississippi Valley Trust
Co of St. Louis, trustees), $5,000,000 have been issued, $10,000,000 are
reserved to refund the outstanding bonds due 1919 and $5,000,000 for
not exceeding 85 p. o. of cost of luture extensions and improvements
""ncum.
See V. 78, p. 1273, 1395; V. 79, p. 1644; V. 80, p. 470.
Annual Report.— For vear ending Feb. 28, 1905 (V. 80 p 1426)
gross earnings, $3,273,660; net, $1,378,777; lit. on bonds, $691. 806
bal., sur., $686,971: div. on pref. (5 p. 0.) calls for $125,0t)0. and 5 p
on common, $425,000 yearly. In cal. yenr 1903, gross, $2,425,448 N*
Y. offlce.SO Broad 8t.-(V. 80, p. 470, 475, 602, 1061, 1426.)
'
Lake Superior Corporation.— See page 175.
m
:
'
1
.
INDUSTRIAL STOCKS AND BONDS
Oct., 1905.
|
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Lehigh Ooal
<6
Date
&«., see notes
on
Navigation—Stock, $17,378,500
1st M., oanal, 6,030 aores coal and76 m. L. & 8. RR...r
r
lstM.,g.,Leh. .fcSus. RR.(V. 64, p. 41,)gold.FP
o*
2dM.[lstM.Nant.RR.](V. 65, p. 367.) gold
Con. 3d M.Canal.Coal & 122m.RR.; 2d M;26 m.RR. FPr
r
General mortgage for $15,000,000, gold.
Fd. & lm. M., $7,500,000, g. (ser."A," $2,085,000) PIPo"
Mackau Companies— Com. shares, $50,000,000 auth
Pref. shares, 4 per cent, cum.. $50,000,000 auth
Manuf. Lt. dt at— Stock, $50,000,000 (bonds, see text)...
Maryland Coal— Stock, preferred (no bonds)
Man. Gat Companies— Common stock
Preferred 4 percent, cum.. $25,000,000
Mergenlhaler Linotype— Stock authorized, $15,000,000.
exuan Telegraph— Stock
Milw. Gat-LiahC— Stook, $1 500 000 authorized
1st M., gold, $10,000,000, red. at 110.Ce
Mon. Riv. Con. Coal <£ 0.— Pref 7% , non-cum.. $10,000,000
1st mortgage, $10,000,000, gold, s. f., see text.UPi..o*
Certificates of Indebtedness, due $200,000 yearly
Montreal Light Heat <S Power— Stook. *17.000,COO
$7.^00,000, g. red. 105 ber.l912.c*
1st & coll. trust
Laohlne M., $4 OOO.OCO g., s. f., red. 105 after 10 yre.o*
FP
OB
M
.
M
,
Size, or
of
Par
Bonds Value. Outstanding
;
;
;
,
and improvement 4s, V. 81. p 729
The $1,418,600 Nesquehonlng Valley RR. stock, for which an equal
amount of the 4s of 1898 is reserved, was called for payment on Sept.
1, 1904, and is held In the treasury. V. 79, p. 107. For mortgage of
1898 see V. 67, p. 125; V. 70, p. 428.
Jointly and severally with Cent. RR. of N. J. guarantees $1,062,000
Leh & Hud. River Ry. gen. 5s, prin. and int. V. 67, p. 788.
'92 '93 '94 '95 '96 '97 '98 '99 *00 '01 '02 '03 '04 1905
5*3 6 4^ 4
4 4
4 4 5*9 6
7 May ,4
Annual Report.— Report for 1904 was in V. 80, p. 1360. Coal pro
ducedin 1904, 2,245,044 tons ; '03, 2,194,1 19 tons; '02, 1,112,127 tons.
;
56
5
Tear ending Dee. 31.
From railroads
Canals
1904.
1903
1902.
1901.
$2,266,026 $2,244,2 '2 $1,819,276 $2,157,088
def.159,457 def.69,039 def.77,036
def.9,077
profit on Leh. Coal..
Miscellaneous
Net
601,417
223,3-2
730,032
203,879
393,349
217,510
do
do
do
do
do
do
201,096
225,822
Total receipts
$2,931,309 $3,109,134 $2,353,098 $2,574,929
$1,354,595 $1,325,365
Dividends
(7)1,104,050 (6)946,329 (5)717,332 (6)860,799
Balance
sr. 463,825 sr. 765,253
sr.281,172 sr.388,764
Sinking fund
102,277
100,381
48,636
87,077
Depre'n and damage
100,000
222.553
100,000
—(V. 80, p. 1061, 1238, 1 360, 1733. 1858; V. 81, p. 617, 729.)
Lehigh 6c Wilkesbarre Coal.— See Central RR. of New Jersey,
Mackay Companies.— Organization.— A voluntary association,
formed under trust deed of December 19, 1903, and managed by five
trustees to be elected annually. Present trustees are Clarence H.
Mackay, W. W. Cook, Geo. G. u ard. Dumont Clarke and Edwa.dC.
Piatt. Owns entire $23,000,000 stook of Commercial Cable Co. and
the entire capital stock of the Postal Telegraph Cable Co.; als<> shares
•f oapital stock of 73 other oable, telegraph and telephone cos. In U. S.,
Canada and Europe. V. 78, p. 99; V. 80. p. 405. 1974.
Div. on pref., 1 p. c, quarterly, paid Apr., 1904, to Oct., 1905, both
Inclusive. Div. on common, 1 p c. paid Jan., 190^; July, 1 p. o. Report for period from Deo. 19, 1903, to Feb. 23, 1905, In V, 80, p. 995,
showed: Div. reo'd, $1,643,677; gen. exn., etc., $20,035; div. paid, $1,559,843; baL, sur., $63,799. Office, Ames Bldg., Boston. -(V.81,p.214.)
Madison Square Garden.—See page 175.
Manhattan Beach Hotel 6c Land Co.—See page 175.
manufacturers* Light 6c Beat Co.— See page 175.
Marsden Co.— See page 175.
Maryland Coal Co.—See page 176.
Massachusetts Gas Companies.— organization— A voluntary
association formed in Ootober, 1902, as successor of the New England
Gas & Coke Co., reorganized without foreclosure per plan in V. 74, p.
1311. Operates 400 by-product coke ovens at Everett, Mass. 200
additional ovens are to be completed by 1905. (V. 70, p. 483; V. 77,
p. 199.). The gas there produced (over 8,000,000 oubio feet daily)
Is enriched and distributed for consumption in Boston, through
the Boston Consolidated Gas Co., which was formed in June, 1905, by
consolidation of the Boston, Brookline, Dorchester, Jamaica Plains,
South Bos-ton and Roxbury gas light companies and the Bay State
Gas Co. of Mats, and the Massachusetts Pipe Line Co. The Mas«a
ohusetts Gas Companies owns $15,110,600 of the $15,124,600
oapital stock of the Consolidated Company (no bonds Issued); also the
$17,465,200 capital stock and $8 000,000 bonds of the reorganized
New England Gas & Coke Co On July 1, 1905, the price of gas was
reduced to 95 cents and on Jan. 1, 1906, it will be put down to 90
eents. See V. 80, p. 2623, 1974.
Drra>ENDS.-On pref. in 1903 to June, 1905, 4 p. o. yearly (J.&D.)
Contract.—Contract with the Dominion Coal Co. V. 75, p. 1257.
Report. Report for year ending June 30, 1904, with balance sheet,
(also earnings and bal. sheets of constitutent cos.), was in V. 81,
p
1173, showing: Dividends and Interest received, $l, c 68,668; dividends,
on pref. stock (4 p. c), 31,000,000; expenses, $65,285; bal., sur., $56 i,383; total undivided earnings of all constituent companies, $85,787.
Officers.— President, C. Minot Weld; Treas., Wallace S. Draper; Sec.
F.Tudor. Old Colony Tr. Co. transfer agent. Mass. Tr. Co. registrar.
Trustees -Charles Francis Adams, 2d; Walter Cabot Baylies. Samuel Carr,
Robert Clarence Pruyn, Joseph Ballister Russell, Frederick Elmer «now, Chas
Augustus stone, Albert Strauss, Christopher Mivsot .Veld. Robert Winsor —
XVODerl yvmBor
(V. 80, p. 1488. 1974, 21C2, 2<5?5; V. 81, p. 216, 808. 66i, 1173.)
Int.,rentals, taxes, &o... $1,363,4^4 $1,397,551
;
-
When Due
Slockt— Las*
Dividend.
by
Philadelphia, Office,
May 27,
4
1914
1914
'0^,
do
do
July
Apr.
do
do
do
do
June 15,1914
June 1, 1911
May 1, 1924
1,
1,
July 1, 1948
July 10, '05,
Old Col. Tr. Co., Boston Oct 2. '05, 1%,
Oct 20 '05, li«
Checks mailed.
New York, 1 B'dway. J'ne SO,'05,3J»
Boston, Co.'s
office.
June 1/05,2%
N.Y., Tribune Building Sep. 30,05, 2*s
N. Y., Office, 66 B'way Oct ld,'05,2V
Jul?
S.Y., J.
& W.
3%
1. '05.
1, 1927
May
Seligman
Jan. '05,1-54%
Checks mailed.
Union Tr Co. Pitts. Pa, Oot. 1, 194$
July 1. 1917
do
do
A.ug.15'05,1%
Jan. 1, 1932
.
-
6c Navigation.— Owns canal from Coalport to Eas
48 miles, and leases Delaware Division Canal, 60 miles.
Also owns Lehigh & Susquehanna Railroad. Phillipsburg, N. J., to Union
Junotlon, Pa., 105 miles, with branches, 60 miles, and leases for 999
years Nesquehonlng Valley Railroad, 17 miles Treskow Railroad, 7
miles; other lines, 17 miles total, 206 miles, of which 115 miles double
track but all these roads are leased for 999 years from 1871 to Central
Of New Jersey RR., rental being ZZ^ per centof gross earnings, with a
minimum rental of $1,414,400. Delaware Div. Oanal is leased for 99 years
from 1866. As to Lehigh & Delaware RR., see V. 78, p. 1109, 2388; V.
79, p. 906. In May, 1904, control of the Lehigh & New England RR
was acquired. V. 78 p. 1785; V. 79, p. 2646.
Stock.— In Nov 1904, stockholders subscribed for $1,577,200 new
stock at par, making amount outstanding $17,378,500. V. 79, p. 2150.
In Oot., 1905, $13,327,250 of the stock was deposited la a voting
trust expiring March 1. 1910 (R. Dale Benson, E. W. Clark Jr., Geo. H.
Earle Jr., George H. Frazier and Erskine Hewitt, trustees; Provident
Life & Trust Co of Phila., depositary), with power to sell at not less
than $135 per share. V. 79, p. 2646, 2699; V. 80, p. 166, 602.
Bonds.— General M. of 1884 covers 7,460 acres ooal land, 48 miles
canal and 161 miles railroad; bonds are reserved to retire all prior
Issues. As to collateral trust bonds of 1895, see V. 61, p. 154; funding
Bonds— Principal,
Whom.
Payable
Cent.
J*
Lehigh Coal
Dividends-
Rate
165
INTEREST OR DIVIDENDS.
per When Where Payable, and
$50 $17,378,500 7 in 1904
4Jfl
1864 Various
5.000.000
1867 Various
1,992,833
4g.
1867 500 <&o.
1,842,500
1871
1,000
2,470,750
1884
1,000
3,686,000
4»flg.
1898
1,000
4 g.
5,395,000
100 41,380,400 2inl£03
100 37,26^,100
4
50 21,000,000 6 in 1905
100
1,885,005 8>flln'04
100 2?. ,000,000
100 25,000,000 4 In 1904
100
10,995,500 15 in '04
100
1.912,600
10
fO
1 380 150
6
1902
1,000
7,300,000
4 g.
50 10,000,000 See text
1899
1,000
9,255,000
8
1902
5,000
1,860.000
i
100
17 000 000
4
4l2g.
1902
1,000
4,633,000
1803
1,000
3,407.000
5 g.
ton, Penn.,
Percent
Amount
.
,
,
Apr.
1,
1933-
Mergenthaler Linotype.—Listed in
1898. Report for 1903-04
In 1904-5 total net profits, $2,204,520; dividends (15
Statement as to rival companies, V. 67, p. 371.
p. o.), $1,500,000.
The stockholders voted Feb. 20, 1905, to increase the stock from
$10,000,000 to $1.5,000,000; of the new stock $1,000,000 was subscribed for in May, 1905, by stockholders at par to acquire Monoline
in V. 79, p. 2145.
Co
p. 654, 1733.
'95. '96. '97. '98 to '00. '01. '02. "03. '04.
1905.
10>« 16 16*3 20 y'rly. 13^ 15 15 *15 ToSep-jnc.,?^
S
*2*» p. o. quar. (Q.-M.), and in Deo., 5 p. o. extra.— (V. 81, p. 1243.)
rights.
V. 80.
Dividends.
Per cent.
)
Mexican Telegraph.—Company organized In 1878 under laws©
New York State. Has a oable from Galveston to Tampioo and Vera Crur
738 miles land line, Vera Cruz to Mexico City, 267 miles. Also direct
cable from Galveston, Texas, to Coatzacoaloos, Mexico, 825 miles, flap
lioatlng the Mex. Tel. and Cen. & So. Am. Co.'s Gulf oable system, and a,
third cable compl-ted July, 1905. Owns 2,125 shares of the Central "&
;
Am. Telegraph Co., which see. $
Dividends— In 1882 to 1886, inclusive,
So.
8 per oent yearly; from 1887
Oct 1905. both inclusive, at rate of 10 p. o. per annum (2** Q-J.)
Report.— Report for year ending Deo. 31, 1904, was in V. 80, p.
1727, showing gross earnings, $612,933; net, $511,700; Mex. Gov't
share, $38,002; Improvements, $29,088; divs., $191,260; bal., su.,
$253,350. J. A. Scrymser, Pres., 66 B'way, N. Y.— (V. 81, p. 35 )
Milwaukee Gas Light Co.—Organization.— Incorporated to
1852. Has perpetual franchise, V. 74, p. 1199. On July 1, 1904. the
price of gas was reduced. V. 78, p. 2602. The Amerioan Light & Trac.
Co owns praotlcally the entire stock. Dividends at not less than 6 p. ow
yearly (J&J) were paid for 45 years to July, 190 \ inclusive.
Of the $2,700,000 bonds remaining unissued, $100,000 is reserved'
to take up $80,000 Office Co. 5 per cents, subject to call after 1905 v
and the remaining $2,600,000 can only be issued at par for 80 pee
cent of the actual cost of extensions and improvements. See V. 78,
co
,
p.
481, 1199; V. 79, p. 631; V. 80, p. 602.
For 9 mos. ending Sept. 30, 1905, net, $590 064, against $537,657 in
IS 04. Net earnings for calendar year 1904, $752,166; int. charge is
now $296,000. In 1903, net, $665,101.— (V. 80, p. 602, 1056 )
Monongahela River Consolidated Coal 6c Coke Co.
(" River Coal Consolidation.")— Incorporated in Penn. in June, 1899, toconsolidate coal interests along the Monongahela River, and coal trafNew Orleans, etc., including 200 steamers and 4,000 ooal
fic to
Owns between 36,boats and barges, and coal elevators, etc
000 and 37,000 aores of coal.exclusive of surface. See constituent
ooncerns V. 69, p. 1065; V. 72, 876, 939; V. 74, p. 99; V. 76, p. 264 ;V. 78, p. 1278
In Sept., 1903, the Pittsburgh Coal Co. purchased $15,000,000 of the
$20,000,000 common and $2,500,000 of the $10,000,000 preferred
!>took at $15 and *45 per $50 share, respectively. The two properties-
—
are operated separately.
V. 77, p. 630, 774, 1297, 1750.
7 p. o. yearly, July. 1900, to Jan., 1904 (J.- J);
in July, 1904, the dividend was passed; 1905, Jan., 1-54 p o. (77 cento
per share), payable from earnings of flsoal year 1903-4. V. 80; p. 166.
In July, 1905, action on the dividend was deferred; V. 81, p. 268.
A sinking fund of 5 cents per ton of l^inch ooal mined and shipped;
will retire bonds annually about Dec. 1 if purchasable in the open
market at a reasonable price; to Nov. 1, 1904, $745,000 were canceled
Earnings.— Net earnings for the 8 months ending July 1, 1905^
pa- tly estimated, were about $800,000.
Report for year ending Oct. 31, 1904, with balance sheet, was in
V. 80, p. 160, showing profits over charges and dividends on pref.
($154,000) of $766; total surplus Oot. 31, 1904, $l.76?,609. PresiHamilton Brunt, Pittsburg, Pa, Dident, F. L. Robbina; Treas.,
rectors, 1903, V. 76, p. 269; V. 77, p. 1750.— (V. 81, p. 268.)
Dividends on
pref.,
W
Montreal Light, Heat
6c
Power Co.— Organization.— I>.
oorporated by special Aot of Quebec Legislature Mar. 28, 1901. Controls the gas, electric light ana power business of Montreal and suburbs; also two hydrauiio stations for generation of eleotrioity, laa
operation in the fall of 1903, to have acapaoity of 28,000 horse power,
viz.: one hydrauiio plant, Laohlne, Que., and one at Chambly, Que.
controls output for island of Montreal of Shawlnigan Water Power
Co. Properties owned, see V. 74, p. 580; V. 75, p. 238; V. 76, p. 923s,
V. 90, p. 2456. Dividends on stock, 4 p. o. yearly to Aug., 1905, ineL
Bonds.- Royal Trust Co. of Montreal is trustee of both mortgage*,,
interest being payable in Montreal at Bank of Montreal or in N. Y.
Of the 4^s of 1902, $1,013,000 are reserved to retire an e«iua3!>
amount of underlying bonds and $1,854,000 for improvements. The?
unissued Laohine bonds are reserved, viz., to pay for balauoe of suboompany stocks, $7,000, and to retire sub-company bonds, $279,00Oj.
List of underlying bonds and description of mortgages, V. 74, p. 580rV. 75, p. 238: V. 76, p. 923.
Report.— Report for the year end. Apr. 30, 1905,was In V. 80, p.2456
Dividends
Interest.
Bal., sur.
Net.
Qrosi.
IVar.
$470,354 (4%;$680,000 $448,780'
1904-5... $2,901,265 $1,599,143
461,746 (4%) 680,000
204,014
1903-4... 2,589,447
1,345,760
Officers.—President. Herbert S. Holt; First Vice-President, W. Me
L. Walbank; Second Vice President, Rudolph Forget; Seo. -Treas., H. EL.
Henshaw. Directors, V. 74, p. 580— (V. 80, p. 2401, 2456, 2625.)
Mt. Vernon-Wood. C. D. Co.— See Consol. Cotton Duok Corp*.
National Asphalt Co.— See General Aspha t Co.
National Biscuit.—A consolidation under laws of New Jersey to
1898.— V. 66, p. 288, 901; V. 71. p. 545\ V. 77. p. 92; V. 80, p 870.
Dividends.— On pref., in 1898, 514 p. 0.; 1899, to Aug., 1905, 7 p. e*.
(1% Q-F). On 00m., Jan., '99, to Oct., 1905, inol..4 p. o. (1 p o. Q-jY.
Bonds.—These include N. Y. Biscuit first 6s (MAS.), due Mar., 191 Sv
$618,956; Am. Biscuit & Man. 1st 6s (F&A.), due Aug., 1910, $545»
000, and $25,000 5s due $5,000 yearly in October. V. 67, p. 274.
;
—
.
)
,
,
INDUSTRIAL STOCKS AND BONDS.
166
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of column headings, Ac, see notes on
Bonds Value. Outstanding
first page of tables.
National Biscuit—Common stock. $30,000,000
Pref stock, 7%, com., $25,000,000. For bonds see text
National Oarbon—Common stock, $5,500,000
Preferred stock, 7 per cent, non-oum., $4,500,000
Nat'l Enameling it Stamping—Com. stock, $20,000,000..
Pref. stock (as to assets), 7 p. c. oum., $10,000,000.
1st mort., g., $2,500,000 auth., l, payable y'rly.SSt..
National Firenroofing -Com. stock, $4,500,000
Pref. stock, 7 per cent, non-oum.. $s,000,000
Federal Clay Mfg. 1st M. $2,500,000 g. gu.s f.
National Glass— Stock ($1,650,000 Is pref. 7% non-cum.)
1st mort., gold, $200,000, payable Nov., yearly. U Pl.c*
General mort., $2,500,000, g., s. f., d'rn at 105DP1 o*
National Lead Co.— Stock, common, $25,000,000 auth'd..
Preferred stock (7 per cent, cum.) $25,000,000 auth
N. Eng. Cotton Yarn-Pi. st'k, ($2,000,000, 6% non-cum.)
1st M., $6,500,000, gold, s. f. sub), to call at llO.NH.c*
New England Telephone dk Teleg.—Stock, $30,000,000
Bonds, Ser. 3, 4 & 5, $500,000 ea., call aft.lOyrs. at 102
Bonds, Series 6, 7, & 8, $500,000 each, not sub), to call
Bonds, $1,000,000 (text)
New York Air Brake— Stock, $10,000,000
JV. F. Dock— Pr«f. stock, 5%, non-cum. (text)Usm
c*r
1st mort., $13,000,000, gold, call at 105. Usm
N. P. Oas Elec. Light Heal <t Power— See Consol. Gas.
1901
1,000
50
50
50
1899
1901
1,000
1,000
100
100
100
1899
1,000
1891-3
1895-9
1,000
1,000
1,000
100
1900
100
100
1901 500 &o.
—
common, $82,500; depredation, etc., $383,337; bal. sur., $65,470.
Pres., James Parmelee; Treas., H. E. Hackenberg; Sec, J. S. Crlder.
Main office, Cleveland.— (V. 80, p. 995.)
National Enameling &. stamping Co.—Organization.— In-
corporated in New Jersey on January 21, 1899. See prospectus in V.
68, p. 187, and official statement in V. 76, p. 1405; V. 77, p. 403
Div. on preferred, 1899 to Oot., 1905, 7 p. o. yearly (Q-J.); 7 p. o.
declared, pa\ able 1% p. o. each, Oct., 1905, Jan., Apr and July, 1906.
On com , 1902 to July, 1905, 4 p o. yearly ; none declared for Oct
1905. V 81, p. 617. Favorable decision July, 1905. V. 81, p. 215.
Report for year ending June 30, 1905, was in V. 81, p. 612, showing,
net, $817.644 dividends on pref. (7 p. o ), $598,262; div. on com. (2^
p. o.), $389,795; leaving a deficit of $170,413; total surplus, $585,338, and $1,000,000 general reserve account. Pres., Fred'k G. Niedringhaus ; 8ec, Wm. H. Matthal; Treas., J*s E. Ingrain. N. Y. oflloe,
88 Fulton St.— (V. 79, p. 731.2646; V. 81, p 215, 612,617.)
National Fireprooflng Co.—Incorporated In 1889; name
changed in 1899 from Pittsburgh Terra Cotta Lumber Co. Controls
29 plants adjaoent to various oities between Boston and Chicago, over
4,000 acres of ooal and clay lands, patent rights, etc Manufactures
porons terra cotta, fireprooflng, hollow tile, building blocks, eto.
Properties owned, see V. 72, p. 296, 1191: V. 76, p. 651.
Stock, Etc.— Common stock, $4,500,000; pref., 7 p.o. non-cum.,
$8,000,000; amounts outstanding, see table above; par of shares, $50.
Floating debt, Deo 31, 1904, $1,403,701. Mortgages, $121,169.
In May, 1905. the subsidiary company, known as the Federal Clay
Mfg Co., with $5,000,000 stock control, made a mortgage to secure
$2/00,000 of 5 p. c bonds, which are guaranteed principal and Interest: the bonds have an annual sinking fund of $60,000. The proceeds will be used to pay for reoent acquisitions and for other purposes V. 80, p 2223; V. 81, p. 215.
Dividends.— On preferred, Oct., 1900, to July, 1905, both inclusive,
7 p. c yearly (pafd Q.-J.); In Oct., 1905, no dividend was declared.
On con mon. May, 1901, to 1902, 5 p. c yearly; In
V. 81, p. 1178
1903, 4*9 p. c ; none since to July, 1905. V. 77, p. 2038.
Report —Report for year ending Dec 31, 1904, in V. 80, p. 708,
•hewed: Net earnings. $636,939; reserve, $100,000; dividends (7 p. o.
on pref ), $417,593; balance, surplus, $1 19,346.
Officers —Chairman, D. F. Henry; President, W. D. Henry; Treas.,
Wm. H. Graham; Secretary, C. G. Jones. Directors (Feb , 1903), V. 76,
p. 482. Offloe, Bessemer Bldg., Pittsburg, Pa.— (V. 81, p. 215, 1178.)
National Glass Co.— See Seotlon for Apr., 1905.
;
National Lead Company.—Organization.—organized under
New
Jersey on
Dec
7,
1891.
It oontrols extensive plant*
In different States for manufacture of white lead
and other produots.
Louis Smelting & Refining Co., whose stock is owned, author zed in
1900 $1,000,000 5 p. c bonds, due June 1. 1920, but subject to call in
1905; int. payable J. & D.; Merc. Trust Co., N. Y., trustee. V. 72, p. 390.
Securities.— The preferred stock is entitled to 7 p. o. per annum on
mnlative. Seeeditorial of May. 1893, Supplement, and V. 60, p. 349
The tockholders voted on June 26, 1905, to lnorease the common
and preferred stocks from $15,000,000 to $2 ,000,000 * aoh, to provide
for acquisitions and working capital. This was supposed to d* preparatory to purchase of United Lead Co., which in Aug., 1903, was at
least temporarily deferred. V. 80, p, 2347; V. 81, p. 671.
Dividends.— i 1892. '93. '94. '95. »96. '97. 1898 to 1900. Since
St.
(
">
Common, p.c.
10
2
3
1% yearly. None
Preferred, p. c 7 per oent yearly (1\ Q-M to Sept., 1905, Inclusive).
Annual Report.— The annual report for 1904 In V. 80 p
1421. showed: Net earnings, $1,595,693; dividends on preferred, '$!,•
043,280; balance foryear, surplus, $552,413. Di 1903, net, $1,569 069
Directors.— W. H. Thompson, E. C. Goshorn, F. W. Rookwell, L. A.
Oole, R. R. Colgate, A. P. Thompson. Wm.W. Lawrence, George O. Car
penter, Edward F. Beale, R. P. Rowe.Walter Tufts and Charles F. Wells
Pres., L. A. Cole; Charles Davison, Sec; Wm. W. Lawrence. Treas.
N. Y. offloe, No. 100 William St.— (V. 80, p. 2347; V. 81, p. 35, 563, 671.)
National Salt Co.—See International Salt Co.
National Sugar Refining. —See page 176.
Newark Consolidated Gas.— See Street Railway Section.
New Central Coal (IUd.).—Owns coal lands in Allegheny 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
5
In 1898, $37,397; in 1897, $32,006; In 1896, $23,018.
N. Y.
office, 1
Broadway. In 1898 reduced the stook from $5,000,000 to $1,000,000
and shares from $100 to $20. V. 66, p. 901, 1140; V. 64. p. 615.
DrviD'DB.— ) 88 '89 '90 *91-'94 '95->$7 '98 '99 '00 •01 '02 '03 04 '05
Since '87 p. c \
1
2 4 2
4 2 4
The dividend was passed in Sept., 1904. (V. 79, p. 1333.)
ndei
New England Cotton Yarn.—A consolidation of 9 yarn mills
of New Bedford Fall River and Taunton.— V. 69, p. 28, 81, 181; V. 70,
10
P. 587.
Cent.
1294. Total, 600,000 spindles. V. 71, p. 345; V. 73, p. 443; V.
81, p 617 Incorporated In Massa. Nov. 27, '03, as successor, per plan
V. 77, p. 40, 149, 206, of New Jersey Co. of same name; V. 77^ p. 2161.
1905
1905
1905
1D04
Q.-J. 15 Chicago
Q.-F.
fcS
A. &
Dividend.
& New
York.
do
do
Checks mailed.
do
do
Text.
Q.-F. 15
Q.-J.
1905 Q.-J.
5 g. M. & 8
5g.
(1)
3,900,000
800.000
1,700,000
14,905,400
14,904,000
2,000,000
5,263,000
See text.
1,500,000
1,500,000
1,000.000
8.012,500
10,000,000
11,580,000
Whom.
Payable
text.
1,500,000
4,48 7,350 8ee text.
7,953,150 See text.
1000
1905
Annual Report. Report for year ending Jan. 31, 1905, was in V
80, p. 870, showing: Sales for year, $41,040,495; net profit, $3,73),927; dividends, 7 p. c. on pref. and 4 p. c. on common, $2,S 05.754;
President, A. W. Green; Vice Pres., H. F.
bal., sur., $826,173.
Vories; 2d Vice-Pres., F. M. Peters; 8eo. and Xreas., F. E. Bugbee;
(V. 80, p. 87o.)
Asst. Treas., J. U. Higlnbotham
National Carbon Co.—Organization.—Incorporated in New
Jersey on Jan. 16, 1899. V. 68, p. 85, 130. Dividends on pref. 1899,
3 1* p. o.; 1900, to Aug., '05. 1% p.o. quar. Dividend on common, l 1^ p.
Report for year ending Jan.
o., paid Jan., 1905; July 1 ^ per cent.
31, 1905, with bal. sheet, in V. 80, p. 995, showed: Net earnings.
$846,307; dividends (7 p. c.) on preferred, $315,000; div (l"tj) o.) on
the laws of
Bond*— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
$100 $29,236,000 4 In
100 24,804,500 7 In
100
5,500,000 3 In
100
4,500,000 7 In
100 15,591,800 See
100
8,546,600 7 In
.
[Vol. lxxxi.
Oct 14/05,1%
4ug.3 1/05,1*
July 15/05,11*
Aug.15/05,1%
N. Y., Colonial Tr. Co. July
3t.
I, '05,
»«
Oct. 1,'05, 1\
L. Tr. Co., 8t. Louis Sept. 1, '06, 11
do
do
Checks mail d,
do
do
O
Aug.25,'03,m
July 25/05,1 \
Apr. 15, 1930
M. & N. Mellon & Sons Bk, Pitts 1906 to 1909
Nov. 1, 1921
M. & N.
do
do
1 In 1900 March.
N. Y., 100 William St. Men. 1, '00,1%
Sep 15/05, 1\
7 In 1904 Q.— M.
do
do
Nov. 1/05, 1H
See text. Q.-F
5 *• F. & A. Bost., N. Shawmut Bk. Aug. 1, 1929
*
6 In 1904 Q.-F.
Boston, 119 Milk St.
4ug.l5/05,H*
A. & O. Boston, Bank of Repub. Apr., 1906 7-8
6
i*
6 g
A.
See text. A.
&
& O
&
& A
5
8 In
'19
Bost., Nat. Bk. Com'rce. 1915, '16
Bost., Nat. Bk. Com'rce. Jan. I, 1930
Ottioe, 66 B'way. N. Y. Oot. 17/05,2%
Checks mailed.
Oct. 2, '05, li*
O.
N.Y..U. S. M.&Tr. Co. Aug. 1, 1951
4
J. & J.
1905 Q.-J.
4g.
F.
aKCORiTiES.—Stock authorized, common, $3,900,000; pref. (as to
assets and acorued div. and subject to redemption at $)40 per share
and aoorued dividends), 6 p. c non-oum., $2,000,000. First div. on
pref stock li2 p. c. paid Nov. 1, 1905. V.81,p.ll04. Astosinklng
,
fund for bonds, see V. 77, p. 2161.
Report.— Balance sheet of Oct. 1, 1904, jin V. 79, p. 2204.
Pres., O. Minot Weld.-(V. 79, p. 2204; V. 81, p. 617, 1104.)
New England Telephone &, Telegraph.—This company does a
New Hampshire, Vermont and Massachuunder lioense from The American Bell Telephone Co. On January
1,1905, it had 139,829 stations In all, against 12 1,1 16 In 1904. Of stock
$12,587,500 is owned by Amer. Telephone & Telegraph (Bell) Co. V.
telephone business in Maine,
setts
70, p. 40. Stockholders in Sept., 1905, subscribed for $3,086,000 new
stoofc at par, payable one-half on Nov. 16, 1905, and one-halt on Feb
1 6, 1906, increasing the amount outstanding to $27,774,100.
V. 81, p.
512. The debentures are to be secured by any mortgage placed.
Dividends.- > 1886-93. 1894 189? '96. '97. 1898 to Aug., 1905.
Percent.
4
t4
5*9
6 yearly (iifl Q.-F.
s 3^ yearly.
Annual Report.— Fiscal year ends Deo. 31. Report for 1904 was
In V. 80, p.2397, showing gross earnings $7,323,561; net over interest, maintenance, taxes, etc, $1,443,242; dividends (6 p.o.) $1,320,447;
balance, sur. for year, $122,795.— (V, 80, p. 2397; V. 81, p. 512.)
York Air Brake.— Incorporated under laws of New Jersey,
Works at Watertown, N. Y.; capacity. 500 sets of oar brakes a day. In
April, 1902, Russian plant was placed In operation. V. 74, p. 887.
In Aug., 1905, control of the U. 8. Light & Heating Co. was acquired.
V. 81, p. 671.
In 1896 dividend 6 p. c; in 1897 and 1898 none; Oot., 1899, to
Oot,, 1905, inol., 2 p. c quar. (8 p. o. per an.). New stock, $1,250,000
was issued In 1899 for extensions and $1,562,500 additional in 1901.
As to patent litigation, see V. 79,
V. 69. p. 181, 388; V. 72, p. 876.
p. 217; V. 80, p. 2462.
Directors.— President, O. A. Starbnok, 66 Broadway; Vioe-Prest.,
Daniel Magone Secy, and Treas.. John O. Thompson; Asst-Treas.,
O. H. Chaffee, Fred. Flower, H. A. Rogers, J. O. Young, Anthony N.
Brady, Thomas C. Purdy and George B. Massey.— (V. 81, p. 671.)
York Dock Co.—Organization.— Incorporated in N. Y. State
on July 18, 1901, as suocessor of the Brooklyn Wharf & Warehouse Co.,
foreclosed and reorganized per plan V. 72, p. 937. Possession
taken Aug. 1, 1901. V. 73, p. 239, 1355. Owns water frontage In Brook,
lyn "frontage of more than 2*4 miles," of which 157 feet leased.
Stock and Bonds.— Com. stook, $",000,000; pref. 5 per oent nonoumulatlve, $10,000,000, all In shares of $100 each. After 5 p. o. on
both stocks the two stocks to share equally. Of the bonds, $1,420,000 were in the treasury July 31, 1905.
Dividends.— On pref., 1 p.c, '02; '03 to Oot,, '05, 2 p.c. yearly (A&O)
and in Oot , 1905, ** p. c. extra.
Report.— Report for year ending July 31, 1905, with balance sheet,
tn V. 81, p. 1042, showed: Gross earnings, $1,845,171; net, $969,597; interest on bonds, $463,200; divs. (2 p. c), $200,000; depreciation
charges, etc, $25,189; bal., sur., $281,207.
officers.— Pres., David H. King Jr.; Vloe-Pres., Columbus O'D. Iselln; Sec, Edwin Thome; Treas- George E. Spencer.
Offloe, 8
10
Bridge 8t. (Manhattan), N. Y.— (V. 79, p. 1330; V. 81, p. 843, 1042.)
&. East River Ferry.—Owns the "Astoria" Ferry between Astoria. L. I , and foot of 92d St., New York, and has three ferryboats. Capital stook, $750,000; dividends are payable Q.— M.
New
;
New
&
New York
Dividends.— >
'95. '96.
'97.
'98.
'99.
'00.
*01 to June, 1905
(Q-M) P. c
4>«
5>«
3
4
5
5
6 yearly (Q.-M.)
S
Bonds, $750,000 1st 30-year gold 5s due Nov. 1, 1922, Interest M-N.,
at Kings Co. Trust Co. Directors— William A. Nash. Theo. F. Jackson, H. K. Knapp, E. Lehman and Roswell Eldrldge.— (V. 71, p. 392.)
York &. East River Gas Co.—See Consolidated Gab Co.
New York Edison Co.—See Consolidated Gas.
York
Hoboken Ferry Co.— Incorporated Nov. 10,
1 898, under the laws of New Jersey as suocessor of the Hoboken Ferry
Co.. operating from Barolay Street, Christopher St. and West 22d St. to
Hoboken. V. 77, p .454. In Apr., '03, Del. Lack. A West RR. acquired
entire $3,300,000 stook. Dividends: 1899. 1 p. c; 1900, 4; 1901,4*;
1902, 5; slnoe, (1). Of the $4,000,000 gen. 5s of 1898, $700,000 were
reserved tor Improvements; all are redeemable at 110.— (V. 77, p. 454 )
N. Y.ITlui.Gas Light.—SeeCon. Gas.N.Y. I»l ut.Tcl.—See p. 176.
New York 4c New Jersey Telephone.—Operates telephone
lines under perpetual lioense from the Bell Company In Staten Island.
Long Island (lnoludlng Brooklyn), in New Jersey In counties of Bergen,
Essex, Hudson, Middlesex, Monmouth, Morris, Passalo, Somerset, Sussex and Union. Total stations on Jan. 1, '05. were 80,324 (of whioh 39 544 on Long Island), 66,564 in 1904, 53,184 in 1903 and 42,130 in 1902*.
Stock —Stockholders voted Oot. 25,1905, to inorease the authorized stook from $15,000,000 to $50,000,000 V. 8«, p. 1178.
Dividends
/ 1892.
1893.
1894 to Oot., 1905, inclusive,
Per Cent.
6
6
7% yearly (lnol. 1% extra in Jan.
J
Earnings.— Report for year ending Dec 31, 1904, was In V. 80, p.
1057, showing, gross, $5,393,709; net, $1,664,373; interest and taxes.
$187, 422; dividends, $968,088; balance, surplus, $514,863 In 1903.
?T088, $4,741 342.— (V. 78, p. 345. 817, 1057; V. 81, p. 1178.)
N. V. A «t- Elec. Light
Power Co.—See page 176.
N. Y. Suburban Gas.— See Consol. Gas Co. (N.Y.& Westohes.Ltg.)
York Telephone Co.—See page 176.
New York &. Texas Land Co.—See page 176.
New
&
New
—
&
New
N. Vi Transportation;— Seepage
176.
Niagara FaUs Fowcr Co.— See this Seotion
for July, 1905.
)
.
,
MISCELLANEOUS.
For explanation of oolomn headings,
first page of tables.
Hob Ferry Co.— Hob.
Date
&o., see notes
on
Size, or
of
Par
Bonds Value.
Fer., 1st con. M., red. Usm.o"
1896
N. Y. & N. J. Ferry, two morts. ($600,000 are 1st 4s) .. 1896
N. Y. & Hoboken Ferry, gen. mort., gold, $4,000,000.. 1898
N. T. Mutual Gas Light— Stock (bonds, see Cons. Gas)...
1881
N. T.Mutual TeJ.-Mut. Un.Tel. 1st M., g., <?u.. not dr'n Oec
New York <£ New Jersey Telephone— Stock, $50,000,000. 1890
M. (now 1st) $1,500,000, g.,s.f.$20,000y'ly .not drfflpo*
Nile*- Bement- Pond Co. -Stock, common, $5,000,000.....
Pref. stock, 6%, cum., $3,000,000, call in 1911 at 105..
Pratt & Whitney, 6 p. o. cum. pf. stock, gu., red., text..
Niles Tool Works, 6 p. ©., cum., pref. stook. not guar.
John Bertram <fe Sons, 6 p o. oum pref. stk., not guar.
.....
.
North Amencan-8too\L, $30,000,000
Northw. GasL. dk Coke— Consol. (now 1st) mort., gold.... 1895
1898
Mortgage, $2,000,000, gold. EC
1892
m
..
Cicero Gas, 1st mortgage.
?;v, A'"* 1902
Gen. & ref. M., $5,000,000, g., gu.p.&i.EC.o*
Do
--••----Otii Elevator— Stock, common, $6,500,000.
Stock, preferred, 6 per cent, non-oum, $6,500,000
-••"
Gold notes, due Jan. 1, yearly (see text)....
Pacific Coast Co.— Stock, common, $7,000,000 (see text).
1st preferred stook, $1,525,000, 5 p.o. non-cumulative.
2d pref. stook, $4,000,000, 4 p. c. non-oum. (see text)
Ma.o* 1897
lBt mortgage. $5,000,000, gold
Pacific Mail Steamship— 8toc&
Pennsylvania CanaL-Qen. M., $5,000,000, int. guar, o* 1870
Pennsylv. htcel Co.— Ft. stook, 7%. non-oum.. $25.000.000
MC
.
-
1,000
i',000
100
1,000
100
1,000
100
100
100
100
1,000
500
1,000
1,000
"Too
"Too
100
100
1,000
100
1.000
100
NIles-Bement-Pond Co.— Organization.—Incorporated In New
— .8
•
977.)
North American Co.— Organized in 1890 under laws of New Jer
sey and controls the Milwaukee (Wis.), Eleo. Ry. <fc Lt. Co. (see Street
Rf. Section), and the Detroit (Mich.),Edieoa Co (V. 81, p. 33); also
the illuminating, power and trolley companies of St. Louis, Mo., as
follows: Union Electric Lt. <& Power Co. (V. 79, p. 2751; V. 77, p 40),
Laolede Gas Light Co. (V. 78, p. 1273, 1278), and United Railways (see
Street Rt. Section).
Stock—In 1901 decreased from $40,000,000 to $12,000,000 by the
Issue of one share for each 3»3 shares. V. 73. p. 30; V. 76, p. 106.
In 1903 the stock was inoreased from $12,000,000 to $17,000,000 to
pay for stock of the Laclede Gas Light Co. of St. Louis, etc., and in
Mar., 1905. from $17,000,000 to $30,000,000 to acquire additional
shares in those properties and a majority interest in the United Railways of St. Louio and for development of said propei ties. The West
Kentucky Coal Co., with $3,000 000 stock and an authorized issue of
$5,000,000 first mortgage 25-year 5 per cent bonds, of which $2,000,C00 to be issued at present, will hold about 22,000 acres of coal
lands acquired in May, 1905. V. 81, p. 35, 563, 1178.
1904 to Sept., 1905.
1903.
Dividends—
4
5 <H*Q-Mar.
Report, Etc.— Report for year ending Deo. 31. 1904 at lenRth in
V. 80, p. 2619. 2626. showed: Total income, *978,240; rentals and
Percent.
general expenses, $73,419; taxes, $4,605; dividends (5 p. c), $840,833, bal, sur., $59,083.
„.„, „__
t
,
On Deo. 31. 1904, owned: Stooks, $18,738,970; bonds. $184,258; and
loans and aocounts
balance sheet showed loans payable, $500,000;
receivable, $382,174; cash, $669,893.
Directors.—Edward Q. Keasbey, John I. Beggs, C.W. Wetmore, S.
Burt, Edwin M. Bulkley, Wm. Nelson Cromwell, G. R. Sheldon, Edmund C. Converse.Robert Baoon, Chas. F Pfister, Randolph Rodman,
F. S. Smlthers. Adolphus Busoh. Breckinridge Jones, Chas. H. Huttlg,
F. Vogel Jr.. Charles A. Coffin, James Campbell; President, C. W. Wetmore; Vlce-Pres., Wm. F. White; Sec, Silas W. Burt; Treas., Geo. R.
Sheldon, 30 Broad 8t.-(V. 81, p. 35, 563, 1046, 1178.)
Northern Union Gas Co.— See Consol. Gas Co., N. Y. City.
W
Northwestern Gas Light
A:
Coke Co.-ORGANIZATION.-Aoon-
solidatlon in Sept., 1902. V7 75, p. 397, 665. Controlled by interests
Coke Co. of Chicago.
friendly to the People'* Gas Light
Dividends Apr., 1903, to Apr., 1905, 1 p. c quarterly.
Nelson A. McCleary, Presid't; T. M. Jackson, Treas. (V. 75,p. 669.)
Northwestern Telegraph.— Owns 10,000 miles of wire and is
leased to Western Union for 99 years, which guarantees dividends
at 6 per oent on $2,500,000 stook (par $50) and principal and interest
on $1,500,000 1st mort. 30 year gold 4»ab ($500 each), due Jan. 1,
1934, Interest J. & J. at Western Union office, 195 Broadway, N. Y.;
Bowling Green Tr. Co. of New York, trustee. Guaranty, V. 79, p. 216.
&
Osden Gas (Chicago).—Supp. of Jan., 1898.—V. 78, p. 461.
Ohio &, Indiana Consol. Nat. & Ilium. Gas.—See page 176.
Omaha "Water
Co.— See page
Amount
Rate
Outstanding
4,100,000
1.000,000
3.300,000
3,500,000
5,000,000
13,770,100
1.268,000
5,000.000
2,000,000
1,225,000
1,000,000
200.000
29,700 000
250,000
1,202,000
500,000
1,770,000
6,350,300
5,599,500
400,000
6,738,800
1,502,800
3,904,200
5,000,000
20,000,000
1,948,000
16.500.000
5
in
7
in
176.
Otis Elevator Co.— Incorporated Nov. 28, 1898, under the laws
New Jersey and took over about 13 plants comprising about
85 per oent of the business. See V. 71, p. w, V. 74, p. 271; V. 75,
of
Stook $6,500,000 common; outstanding, $6,350,300. Preferred outstanding (see table above), $4,499,800. V. 75, p. 345, 552
Dividends on pref., July 15, 1899, to |Oot., 1905, both inclusive.
o. quar. (6% per annum).
First div. on common, 2 p. c, paid Apr., 15.
1903; on Apr., 15, 1904, 2 p.o.; Apr. 15. 1905,2 p.o. Gold notes,
$400,000, due $200,000 yeany. Jan 1, 1907 and 1908.
Report for year ending Dec 31, 1904, with balance sheet, in V. 80, p.
1J.72, showed net earnings over Interest and renewals. $891 ,016; div.
on pref. (6 p. c), $335,970; div. on common (2 p. c), $127,006; oharged
oft ior depreciation, $228,040; bal., surplus, added to working capital,
$200,000. Office, 17 Battery Place, N. Y.— (V. 80, p. 1172, 1179
Pacific Coast Company.—This company controls the Pacific
Coast Steamship Company (owning its entire oapital stock) and
operates five steamship lines running between San Francisoo,
Portland, Vlotoria, Sitka, Fort Bragg, San Diego, Ac Also owns all the
securities of the Columbia & Puget Sound RR. (now standard gauge)
Seattle to Franklin, etc, with sidings, 57 miles, and its New Castle
mine; the Paciflo Coast Ry. (narrow gauge), Port Harford, Cal., to Los
Olivos, 80 miles. Operates Franklin Coal Co. owning Franklin mine,
with 3,050 acres coal lands at Franklin and 2,083 aores at New Castle;
also Black Diamond (Wash.) Coal Mining Co. acquired in May, 1904.
History.—Successor on Deo. 1, 1897, to the Oregon Improvement
Co., sold in foreclosure and reorganized p. plan in V. 65, p. 412, 463-
p. 552.
1W
J.
g.
190 5
6g.
1905
5
g.
in 1905
In 1905
In 1904
In 1901
See text.
5 in 1904
6
6
6
6
6
g.
g
-
i
5g.
See text.
6
4g.
See text.
5 in 1905
See text.
5g.
.
&
&
&
&
&
&
&
M. &
.1.
7 in 1905
pal.When Due.
Stocks— Last
Dividend.
N. N. Y., Ottlce D. L.
J.
m
.
3 in 1899 J.
6
by
& W. May 1, 1946
Jan. 1, 1946
do
do
May 1, 1946
do
do
D.
July 14,'05,5%
Checks mailed.
J.
N. N. Y., West. Union Tel. May 1, 1911
—J. 15 Bklyn,81WUloughbySt. Oct. 14/05,
& N N. Y., Atlantio Tr. Co. May 1, 1920
8ept20,*05,lis
Checks mailed.
Q.-M.
Aug.lS.'OVJ*
do
do
Q.-F.
do
do
Aug.15,'05,,11*
Q.-F.
do
Sept 30,05 l>a
do
Q.-M.
do
See text
do
Q-M.
Q.-M. N. Y., 30 Broad Street. Sept.l, '05. 1*4
Q-J. Equit. Tr. Co., Chicago, Jan. 1, 1915
do
Dec 1, 1928
do
Q.-M.
Q.-J. Merch. L. & Tr. .Chicago July 1, 1922
J. & J. Equit. Tr. Co., Chioago. July 1, 1932
•<ee text N. Y. Off., 17 Batfy PI. Apr. 15, '05, 2
Oct. 15,'05,H«
do
do
Q-J.
Jan. 1, '07 08
do
do
J. & J
Q-F. Cheoks from Co.'s office, Nov.l, '05, 1^
Nov. 1, '05, li*
do
do
Q.-F.
Nov. l.'OS.l 1*
do
do
Q.-F.
J. & D. N.Y.,Manhat. Trust Co. June 1, 1946
M.
5
Bonus— i'llnoi-
Whom.
Payable
4&5
9
167
LNTEREST OR DIVIDENDS.
per When Where payable and
Cent.
D. N. Y. Mercantile Trust. Dec 1, '99, 1**
J. Phila., Broad St. Station July 1, 1910
Nov. l,'05,3i«
Cheoks mailed.
N.
1905.
1898. 1899. 1900. 1901. 1902. 1903. 1904.
4»4
5
See below
4
5
4
2
2
5
5
5
5
4*6
5
1st pref., p. 0. I
414
5
5
See below
4
4
4
3^
id pref., p. c. )
In 1905 on common and 2d pref., Feb Ik p c; May, 14 p. c; Aug.,
1H p. c; Nov., l 1^ p.c After 4 p. 0. on 2nd preferred and common,
these stocks share equally.
Gross, $1,251,010; net, $301,196
Latest Earns.—2 mos. ) 1905
Gross, 1,215,505; net, 256.524
$1904
July 1 to Aug. 31.
Report.—Report foryear ending June 30,(1905, at length, in V. 81, p
1241, 1264, showed gross of steamships and colliers, $3,713,484; net
$512,927; rail lines, gross, $692,576; net, $321,782; coal department,
etc, gross, $1,793,216 net, $498,406. Total results were
$222,300
$6,199,276 Interest on bonds
Gross earnings
29,193
Op.expenses and taxes. 4,866,161 Depreciation, etc
76,250
Div. on 1st pref. (5%)....
200,000
.$1,333,115 Div. on 2d pref. (5%)
Net earnings
350,000
27,624 Div. on common (5%)
Interest and discount
Dividends—
Jersey on Aug. 11, 1899, as a consolidation. Does much of the heavy
maohine trade of the oonntry; V. 69, p. 388. Owns entire common stook
($1 525.000) of the Pratt & Whitney Co., guaranteeing 6 per cent on
the latter's $1,225,000 preferred stock (subjeot to call in 1911 at par)
?rovided that the guarantor earns same on its own stook. V. 71. p.
V. 80, p. 1734. Also
39i V 70, p. 1253; V. 72. p 143. V. 78, p.1113;
owns entire common stock of Niles Tool Works, dividends of 6 p. o.
yearly on $1,000,000 having been paid regula'ly since 1890 In Sept.,
1905, the entire common stock of John Bertram <fe Sons, Lim , of
Dundas, Ont., was acquired. V 81, p. 977.
Stock— Common, $5,000,000; pref., 6 per cent oum. (subjeot to call
in 1911 at 105), $3,000,000, of the latter $1,000,000 being unissued.
1905.
)Nov. '99. '00. '01. '02. '03. '04.
Dividends—
6
8
8
7
6 (Q.-M.)
Common%
[
>
6 p. o. yearly 1^ (Q -Feb.)
Preferred
Bal. sheet Deo., 1904, V. 81, p. 506. Pres., R C. McKinney; Treas.,
Chas k L. Cornell; Sec, E. M. C. Davis, 111 Broadway, N. Y.— (V. 81, p.
%
:
INDUSTRIAL STOCKS AND BONDS.
Oor., 1905. J
N. Y.dt
.
Com., per
"1
ct..
5ft
I
,
;
I
Balance, surplus
$1,360,739
Total net income
For year 1903-04, gross, $5,902,972; net, $1,185,029.
Officers, Etc.—Chairman of the board and Pres., H.
$482,996
W. Cannon;
Vice-Pres., J. C. Ford; Treas., John Kean; Vlce-Pres., W. M. Barnum;
Sec and Asst. Treas., Clifford C. Fay. Exeoutive Committee: Henry
Cannon, E. H. Harriman, Daniel 8. Lamont, T. Jefferson Coolidge
Jr., GrantB. Schley. N.Y.off. 10WallSt.-(V.81,p [1*41, 1243,1264 )
Pacific Mail Steamship.—In Nov., 1900, the Southern Pacific
Co. acquired $10,005,000 of the •took, V. 71, p. 1015. The traffic agreement with the Panama RR. terminated July 12, 1905. V. 74, p.
1255; V. 80, p. 874, 1916. Steamers owned April 30, 1905, V. 79, p.
498; V. 80, p. 2341.
W
Dividends.— 1896, 1 p. 0; in '97,2 p. c; '98, 2k p.c; '99, 3 p. c;
none since, surplus being invested in new vessels, etc V. 70, p. 331.
Report.—Advance statement for 1904 5, V. 80, p. 2341. Report for
1903-04 in V. 79, p. 498.
1903.
1902.
1904.
1905.
Tear ending Apr. 30.
$5,592,822 $3,439,113 $2,677,913 $1,883,413
3teamships
15,180
167,781
Subsidies
Miscellaneous
15,180
147,473
14,510
135,083
8,640
137,293
Total earnings... .$5,775 ,783 $3,601,766 $2,827,506 $2,029,346
$8,280 df.$307,935
$246,896
$427,656
Net earnings
E. H. Harriman, President; Alex. Millar, Sec, 120 Broadway. N. Y.
(William Mahl, Comp.; A. K. VanDeventer, Treas.— (V. 80, p. 2341.
Paterson 6c Passaic Gas & Electric Co.— See Street Rt.Sec'nPennsylvania Coal 6c Coke Co.—See page 176.
Pennsylvania Mfg. Light 6c Power.— See Philadelphia Eleo
Co.—Chartered in New Jersey on Apr. 29,
Pennsylvania •
1 901, and aco"'
t ,<st plan in V. 72, p. 46, 91, almost entire $6,500,000 stook ot . enn. company of same name and entire stook of Maryland Steel Co. Thus controls plants at Steelton, Pa., and Sparrows
Point. Md., Including blast furnaces, annual capacity 750,000 tons pig
iron: two Bessemer plants, oapacity 800,000 tons, and one open-hearth
plant, oapacity 250,000 tons of Ingots; two rail mills, capacity 640,000
cons, a shipbuilding and a bridge-building plant (new plant V. 77. p.
773), a oomplete frog and switch building plant, etc, etc Owns entire
$150,000 stook of Bait. & Sparrows Point RR. V. 73, p. 1355.
Owns the entire $2,400,000 stock of the Spanish- American Iron Co.,
shipping from 400,000 to 500,000 tons of ore annually, and owning
about 5,000 acres of land near Santiago, Cuba (V. 62, p. 776; V. 71, p.
.
.
393; V. 76. p. 917; V. 77, p. 1229; V. 78, p. 1495).
Has also^purchased a *2 9e interest in the Cornwall Ore
Banks Co.,
Co., Pa., the Lebanon Furnaces, Lebanon, Pa., and $540,000 of
the $800,000 stock of the Cornwall & Leb. RR., Issuing in 1902 $7,500,000 5 per oent collateral trust bonds of Penn. steel Co. (of Penn.). V.
75, p. 345, 397; V. 72, p. 1241, 1283; V. 73, p. 1364; V. 74, p. 1312.
Lebanon
Stock.—Common stook authorized. $25,000,000: outstanding, $10-,
750.000 (par $100). Preferred, see table above V. 72, p. 1241.
In June, 1901, control was acquired by the Pennsylvania RR. and
affiliated roads by purchase of $10,000,000 each of common and preferred stock. V. 72, p. 678; V. 79, p. 1269.
Dividends.— On pref. stock since re-capitalization, Nov. 1, 1901, to
Nov., 1905, incl , 7 p. 0. yearly (paid M. & N.)
Bonds.— Consolidated joint mortgage covers the plants at Steelton, Pa.,
and Sparrows Point, Md., and all of the $1,000,000 stock of the Mary"and Steel Co.; $3,000,000 are reserved to retire the prior liens. Car
trust notes Deo. 31, 1903, $175,000. V. 72. p. 579.
Of the coll. trust 5 p. 0. bonds trust 5s of 1902, not less than $100,000
nor more than $500,000 may be called, at 105, at any interest period;
in addition a sinking fund of 50 cents per ton of ore mined is to be
similarly applied; if the sink, fund is not sufficient to redeem
$150,000 the company must meet deficiency. V. 74, p. 1 312.
The bonds on coke ovens, dated June 1, 1905, are subject to call
at 102 »* as a whole or in amounts of $100,000 or more. V. fcO, p. 1975.
Report for calendar year 1904, in V. 80, p. 1422, showed: Earnings
of operating companies over charges and depreciation, $1,235,513.
against $2,189,097 in 1903; dividends (paid to Penn. Co), $1,122,500;
bal., $113,013; total receipts of Penn. Co., $1,218,874; bal., surplus,
over expenses ($2s,665) and 7 per cent div. on pref. (inoludlng 3i«%
paid May, 1905). $35,209; combined surplus of operating and holding
companies, $148,222.— (V. 80, p. 1422, 197A; V. 81. p. 215, 671.)
Coke (Chicago).—An absolute consoliPeople's Gas Light
dation on Aug. 2, 1897, of the companies forming the old Chioago Gas
Trust. V. 64, p. 1088; V. 65, p. 235. Mutual Fuel was purchased In
&
—
INDUSTRIAL STOCKS AND BONDS
168
MISCELLANEOUS.
Date
Size, or
Par
of
For explanation of column headings, &c, see notes on
Bonds Value.
first page of tables.
Pennsylvania Steel Co.— (Concluded)—
r
Old Ponna. Steel 1st M., our. OP
r
Maryland Steel 1st mortgage, currency. <iP
Penn. Steel Co., Consol. mort., $7,000,000, gold.GP o*
text ..
Collat. trust loan Cornwall properties, s. f., red.
Mort. on coke ovens, due $150 000 yearly, red.GP
Maryl'd Steel oar tr. bonds, g., $60,000 due yrly, call 105
People's Gas Light <6 Ooke (Chicago)—Stock, $35,000,000
*o
1st consol. mort. for $10,000,000 gold. Ce
o
-Chicago Gas Light & Coke 1st mortgage, g.(FP)
Consumers' Gas 1st mort., gold. See V. 66, p. 472.Ceo
o
Illinois L. H. & Power 1st mortgage
IC
Lake Gas & Light 1st mortgage, gold
g.F...C*<fer
P. G. L. A
Refunding M., $40,000,000,
Mutual Fuel Gas 1st mort., $5,000,000, gold, assumed.
Calumet Gas Co. 1st mortgage, assumed
Phila. filectric— Stock, $10 per share paid in (see text)....
Phila. Eleo. Trust Ctfs., gold, $17,500,000 (see text)...
Edison Eleo. Trust Ctfs., gold (Ed. stk. as coll.) FP. ....
Old Phila. Eleo. Tr. Ctfs. (Penn. H. L. & P. stock as col.)
Pittsburg Coal— Common stocfe, $32,000,000
Pref, stock. 7 p. C, cum., $32,000,000
C—
cash dep. for principal '06 '08 ....
Notes for Monongahela River com. stock. UPi
P.C.of Pa.lst & coll. tr.M.,g.,gu., red. 110, s.f UPi. c *&i
Coll. trust mort., g.,
Mar
4,
1945.— V. 72,
p. 91.
244,
630. 779; V. 74, p, 99, 155; V. 78, p. 1501. As to Indiana Oil <fe Gas
«o., see V. 67, p. 690; V. 68, p. 825, 1182; V. 71, p, 33, 1123. As to
Northwestern Gas Light & Coke Co., see that company above.
Property.—In service January, 190 '^: Street mains, 1,939 miles;
meters, 359,327; publio lamps, 24,974; V. 78, p. 1501. See V. 66, p. 382.
In June, 1901, a settlement was reached with the oity on the basis
of the latter receiving on account of its percentage of the gross re-
ceipts (viz., 3^ p. c. from illuminating and 5 p. c. from fuel gas) free
street lamps (this servioe to be valued at $350,000) and
f;as for 25,000
or these lamps Welsbach burners (valued at $25,000), these to be
maintained by the city; any surplus in the percentage above $375,000 to be paid in cash. The contraot forbids the city to attack the company's franohlse, but reserves to it the right to continue the Ogden
gas and 75-oent-gas suits. See V. 72, p. 1283, 1087; V. 74, p. 155; V.
^5, p. 246, 669. In Jan., 1904, the lower court decided that the 75-oent
gas ordinance was illegal V. 78. p. 346, 765, 1396. In Oot., 1903,
the constitutionality of the Consolidation Act of 1897 was upheld. V
73, p. 349; V. 77, p. 1536, 2343; V. 78. p. 765. In May, 1905, the 111.
Legislature passed laws giving the city power to regulate price of gas
subject to vote of the people at the autumn election. V. 80, p. 1916
'93.
'94. '95. '96. '97 to Aug. '05
DIV8.— )'89. '90. '91 '92.
3
3 5>4 4^(11280.) 6
2hi 1*3 6y'rly(li*Q-F)
SPercentJ 4
Bonds, Etc.—Of the $40,000,000 Issue of 1897 $29,046,000 bonds
were reserved to retire prior bonds, of whioh $9,100,000 has been issued. The balance ($10,954,000), of whioh $300,000 has been sold,
was Issuaole for additional property, Improvements or betterments.
65, p. 572; V. 79, p. 155.
Report—Report for year ending Deo. 31, 1904, in V. 80, p.
1904
1903.
TEAR8 ENDING DEC. 31.
•V.
Gross income
Net over oper. exp
Interest on bonds
$12,014,085
$5,678,264
1,853,550
690,569
Depreciation
$11,854,800
$5,414,438
1,857,300
656,431
709
1902
$11,058,413
$5,145,202
1,857,300
630,586
$2,900,707
$2,657,316
$3,134,145
$1,978,146
$1,978,147
$1,978,146
Officers.— Chairman of Board, C. K. G. Billings; Pres., G. O Knapp;
V.-P..A.N. Brady, 2d V.-P., W. Ferguson; 3d V.-P..C. K.Wooster; Treas.,
W. S. McCrea; 8ec, L. A. Wiley. Off.. 54 Wall St., N. Y.— (V. 80, p. 1916 {
Philadelphia Company.—See Pittsburg, in Street Ry. SectionPhiladelphia Electric Co.— Organization.— Incorporated In
New Jersey on Oct. 5, 1899. Controls all electric-light properties of city;
also in West Philadelphia and Chester. V 73. p. 496. 080; V. 74, p. 1249.
STOCK.— Authorized, $25,000,000, of whioh $12,250 in treasury; 40
per cent paid in. V. 74, p 156. and circular, p. 215; V. 78, p. 1449.
Dividends: From June, 1902, to June, 1905, inclusive, 5 p. o. yearly on
amounts paid in.
Bonds.—Collateral trust 4 per cent gold fifty-year certificates, dated
Oot. 16, 1899, amounting to $17,500,000 have been authorized, of
which $14 ,982,200 were used to purchase $1 4,994,100 of the$l 5 ,000.000
Penn. M'fg. L. <fe 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 adSee V. 69, p. 797, and official circular, p. 853; and
jacent counties.
Balance for stook....
Dividends, 6
p. o
statement, V. 74, p. 1249. Under agreement of Oot. 12, 1899,
$2,000,000 old Phila. Electric certificates wore purchased, reducing
the amount outstanding to $11,268,060. V. 70, p. 331. In Aug., 1900.
purchased $2,000,000 fours, mostly in the open market, the same
being held available as collateral for loans. V. 74, p. 215.
Report.— Year ending Dec. 31, 1904, with balance sheet, was In V. 80,
1422. Total gross Income, $3,873,911; expenses, taxes, etc.,
1,903,502; Interest, $1,263,626; div., $406,261; bal.. sur., $300,522.
f.
President, Joseph B. McCall; Sec, A V. R. Coe; Treas., Wm. P. Conoflloial
over Jr. Office, 10th and Sansom Sts., Phila., Pa.— (V. 81, p 671.)
Plttsbnrg Coal Co.— ("Rail Coal Consolidation." )— Organization.— Incorp. in N. J in Sept., 1899. Owns about 150 coal mines and
.
160,000 acres of coal lands In, or within a radius of 40 miles of Pittsburg, together with some 5/ 00 coal cars operating over railroads radiating from Pittsburg. In Jan., 1902, leased Shaw Coal Oo. properties
<3,553 aores). 15 miles west of Pittsburg for 40 years. V. 74, p.
376. See V. 78, p. 765, 1449. In Nov., 1904 the coal properties of the
Pittsburg RR. Terminal & Coal Co., having a monthly output of
about 250,000 tons, were leased for 40 years. V. 80 p. 1238. In Deo.,
1904, two mines were purchased from the Pittsburg Buffalo Co and
In Mar., 1905, control of the Jones <& Adams Co., Chicago. V. 79,
p. 2699; V. 80, p. 1115, 1 179.
In 1903 were purchased $15,000,000 of the $20,000,000 common
the $10,000,000 preferred stock of the Monongahela
River Consolidated Coal <fe Coke Oo. at $15 and $45 per $50 share,
respectively. Payment was made for the common In non Interest bearing not»s due one- third Nov. 3 yearly for three years, and for the preferred in semi-annual instalments, beginning Jan. 20. 1904, equal to
6 cents per ton of coal mined from the Monongahela properties.
In Apr., 1905, made 25-year contraot for the supply of coal to the
U 8. Steel Corporation. V. 80. p 1427.
Application to list in full, showing properties, rights of stook, etc,
was given In V. 80, p 1919.
'"Bonds.—The $25,000,000 first and oollat. 5s of 1904 issued by the
Pittsburg Coal Co. of Peun. are guaranteed, principal and interest.
by the Pittsburg Coal Co.
They are a first lien on 160,000
and $2,500,000 of
7^
-
$*
V. 68, p. 474. On Nov. 1, 1900, made a contraot to purchase tbe property of the Ogden Gas Co. for $7,000,000, at the ex
Whom.
Dividend.
Philadelphia Office.
1.
1,
1,
Payable
Cent.
5
$1,000,000
5
2,000,000
4,000,000
6 g.
7.200,000
5 g.
1,500,000
4'ag.
420,000
5 g.
32,969,100 6 in 1904
4,900,000
6g.
10,000,000
5g.
4,246,000
500,000
300.000
6 g.
9,900,000
5 g.
5,000,000
£ g
250,000
1,000
6 g.
25 24,987,750 5 in 1901
1899
15,014,142
1896 100 Ac.
1,994,300
5 g.
1.000
1898
11,268,060
5 g.
100 32 000.000
100 32,000,000 See text
1902 25,0u0
150,000
5 g.
1903
None.
3,000,000
1904 l,000&c 24,093,000
8 g.
<87 p. 179;
©iration of the latter's franchise on
Bonds— PrinoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where payable and by Stocks—Last
Outstanding
Amount
1887 $1,000
1,000
1892
1895 500 &C
1,000
1902
1000
1905
1,000
1902
100
1,000
1893
1,000
1887
1886
1,000
1885
1,000
1885
1,000
1897
1,000
1897
1,000
November, 1897, and early in 1898 consolidated, as was also the Hyde
Park Co., with the People's Gas-Light & Coke Co. The Uuiversal Gas
Co. (stock, $1,500,000) is controlled in the company's interest.—V.
[Vol. lxxxi.
&
&
M. &
A. &
J. &
M.
F.
N.
A.
S.
Nov.
do
do
Feb.
Girard Trust Co., Phila. Sept.
1917
1922
1925
1932
Philadelphia.
Oct. 1,
Philadelphia office.
To Jn'e 1,1915
J.
J Girard Trust Co., Phila July 1, *06-'12
Q.—F.
N. Y., Central Tr. Co. Aug.25.'05,lifl
A. & O. N. Y., Central Trust Co. Apr. 1, 1943
&
&
&
&
&
&
&
J.
J.
M.
J.
M.
M.
&
&
&
&
&
r.
J.
J.
A.
A.
O.
D.
J. N. Y., Cent'l Tr.
&
Chic.
D. N. Y., Central Tr.&Ch
N. Chicago, Chic Nat. Bk.
J. Ill.Tr.
&Sav. Bk.,Chic
July
Deo.
Nov.
July
1,
1,
1,
1,
Sept. 1,
Nov. 1,
July 1,
1937
1936
1915
1915
1947
1947
1917
& Chic
do
do
j. Chicago Eq. Trust Co
J'nel5,'05,2i«
Checks mailed.
D.
Oct., 1949
J. Land Title & Tr., Phila
O. Fidelity Tr. Co., Phila Aft. Apr., 1946
O. LandTit&Tr.Co.,Phlla Apr. 1, 1948
S.
N. Y., Cent. Tr.
N.
Apr.25,'05,1%
Checks mailed.
Union Tr. Co.. Pittsb'g Feb., 1906-'08
Nov. 3, '05 06
on deposit for prln.)
tCash
& J. Union Tr. Co., Pittsb'g Jan. 1, 1954
Q.-J.
Q.-F.
J.
aores of coal lands and 13,000 aores of surface, and by collateral trust
on 7,000 acres of Hooking Valley coal and 8,400 aores of Pittsburgh
coal held under leases and deposit of all securities owned. The prooeeds
will be used to fund the floating debt and for working oapital and retirement of $5,400,000 bonds due in 1904-03 The issue is subject to
call at 110, in whole or part on any interest nay, and has a sinking
fund of 5 cents a ton on run-of -mine coal, with a yearly minimum of
$600,000. Coupon bonds or registered bonds issued in exchange for
coupon bonds are to be called first, in numerical older, beginning with
the lowest number. See V. 78, p. 1965; V. 80, p. 1919. To July, 1905,
$907,000 of bonds were acquired by sink. fd. and canceled. V. 81, p. 556
bonded debt op subsidiary and constituent companies, etc.
interest.
Bonds—
Outstanding.
Maturity.
Northwestern Coal Ry.
Pitts
Pltte.
&
&
1st
M
Shannon Ry.(V.8l,
Chicago Gas Coal Co
Castle
p.
M&N
6 g„
781) 8
F&A
6
$79t.000
162.S20
85,000
M*y
1,
1928
Aug., 1908
Jan., 1906 14
May, 190J-10
Oct., 1906 18
126,0
Imperial Coal Co
6
820.000
Mansfield Coal & r'oke 1st M., guar.} 6 A-O
> Int. at Colonial Tr. Co., Pittsburgh, Pa.
p. 41., due $10,000 yearly
6
Milwaukee Western Fuel
{
Due part y £?i° ?o
Ohio Coal Co
5
200,000
Feb., 1P32
Pittsburgh & Moon Run
10U 000
6
Jan., 1912
Various purchase money mortgages
1,137,861
Var. to 1908
(funds deposited to retire these at maturity.)
112.825
Car trust notes
to 1909
*«g.,M&N 1,039,0'J0
to May, 1915
h«
„«ih *<wnnrt ,<„,». »
do
do
gold, $52,000 dues. a. J
biie »74.000 semi-annually.
[
Dividends -On pref., 1900, to Oct., 1903, 7 p. c. yearly In cash; on
Jan. 25, 1904, 1% p.o. in 6 do. interest-bearing scrip (paid ofl Nov 25,
1904); since to Apr., 1905, Inol., 13» p. c, quarterly.
In July, 1905,
actl n on the dividend was deferred; V. 81, p. 269
Earnings.— Report for 6 months ending June 30, 1905, in V. 81. p
556, showed.net. $1,136,334; bond interest, $609,100; div. on pref
P. o.), $514,915; bal., sur., $12,319. V. 81, p. 556.
Report.— Report for year ending Deo. 31, 1904, in V. 80, p. 708
showed net profits after deducting expenses and all losses, $4,261,811;
A"™'^*
^
^
U^
royalty and depredation, $683, «29; interest on bonds, $1,250,000;
dividend (7 p. o ) on pref., $2,176,741; undivided profits, appropriated
for preferred stock dividends and working oapital, $150,941
Officers.— Francis L. Robbins, Chairman of the Board and Pres't
Treas'r, F. M. Wallace; Seo'y. F. J. Le Moyne, 232 5th Ave., Pittsburg.
Direotors, Feb., 1905, V.78, p. 824; V. 80, p. 874.— (V. 81, p. 556, 781.)
PlUfb. Term. Warch. &Tra«>»fVr.— V.78,p. 2015; V.80, p.476.
Pocahontas Coal &. Coke.—See Norfolk & Western Ry.
Pope Manufacturing Co.— Organization.- Incorporated In
New Jersey in Feb., 1903, as successor per plan in V. 75, p. 1401, and
V. 76, p. 267, of the American Bicycle Co., which aoquired ooncerns
mentioned in V. 69. p. 177, 493. See application to list, V. 72, p.
536. and V. 73, p. 782, 1358. plan V. 75, p. 1401; plants, V. 78, p. 1966;
properties sold in 1905. V. 80, p. 1734. 2J48.
Stock.— Common stock, $10,000,000); 1st pref, 6 p. o. cum. (subjeot
to call at 110), $2,500,000; 2d 5 p. o. pref. cum. after Feb. 1, 1905,
$10,000,000; par of shares, $100 each, all outstanding. Stook is held
In a voting trust until Feb. 1. 1908.
Report for the year ending July 31, 1904, was in V. 80, p. 115, 160,
Phowing Gross sales and earnings, $7,226,590; total net inoome,
$1,292,954; general expenses, int. etc., $1,241,961; bal., sur., $50,993.
Officers. - President, Albert A. Pope; 1st Vice President, Albert L.
Pope; Treasurer, George Pope; Sec, Paul Walton. Directors, May
1904, V. 78, p. 1966. Office, 21 Park Row, N. Y. (V. 80, p. 2348.)
:
Postal Telegraph Cable.— See Commercial Cable Co.
Pressed Steel Car Co.— Organization.—Incorporated in N.
J.
on Jan. 13, 1899; a consolidation of plants at Joliet, 111., and Pittaburg, Pa. Prospeotus In V. 68, p. 188, 131. Capacity of the works
about 120 cars a day of largest size. Competition, V. 73, p. 1316;
V. 74, p. 580. Leases plant at Hegewisch. 111.; capacity 50 wooden
cars daily. V. 74, p. 991, 835, 729. In Deo., 1904, leused plant at
Annlston, Ala. V. 80, p. 169. The Canada Car Co. Is controlled by
Pressed Steel Car interests. V. 79, p. 245^, 2749. In Oot 1905, aoquired control of Pennsylvania Malleable Steel Co. and Central Malleable Co, V. 81, p. 1243. Early in 1906 will begin manufacture of
,
V. 81, p. 672.
Bonds.—The first mortgage gold bonds are subject to call inwhole or
part at par and Interest on any interest day. V. 72, p. 343; V. 74, p.
203. V. 75, p. 1305. There are also $75,000 Allegheny purchase
money bonds of 1902, part due yearly to 1911, inclusive; int. at 4 p. o.
Dividends.— < 1899 1900 1901 1902 1903 '04 To Aug., 1905,
Common, p c,
4
4
6
5
3
None
Preferred, p o. /
7 p. o. per annum (1\ Q.-F.)
Report.— Report for year ending Deo. 31, 1901, with bal. sheet, was
In V. 80, p. 709, showing loss on operations. $707,111; depredation,
$80,000; div. on pref (7 p.o), $875,000; div. on common (3 p.o.),
$375,000; balanoe. def $2,037,111. In 1903, net earns.. $2,768,897.
President, F. N. Hoffstot. N. Y. Office, 24 Broad St. New directors,
Jan., 1903, V. 74, p. 215; V. 76, p. 269.— (V. 81. p. 672, 1243.)
street cars.
'(
•
.
,
Procter
& Gamble Co.— Formed
in 1890 under laws of
New
Jersey to carry on soap, candle, oils and glyoerine business; reincorporated in Ohio in 1905. V. 80, p. 655, 1916. In 1903-04 built a
new plant In Kansas City oosting about $1,000,000. V. 76, p. 1 196. In
October was preparing to erect a large plant on Staten Island, N. Y.,
the cost, it is reported, about $3,000,000 to be provided by issue about
Jan. 1, 1906, of $3,000,000 common stook at par pro rata to holders
of common stock: balance from treasury cash. This will raise common stock to $0,000,000. V. 81. p. 1243.
Dividends- > 1891. 1892 to 1897 inol. '98to '00 1901 to Nov., '05.
On common... s 8
12 per cent.
20 y'rlv *12 yearly (Q.F.)
*Also extra dividend of 142 7 p. o paid Jan. 2, 1901. V. 77, p. 2038.
On pf. in full
to Oot., '05, inol. Ottioe, Cincinnati.
;V. 81, p. 1243.)
—
)
INDUSTRIAL STOCKS AND BONDS.
Oct., 1905. j
MISCELLANEOUS.
Date
Size, o:
Amount
Par
of
For explanation of column headings, Ac, see note on
Bonds Value. Outstanding
first page of tables.
Pope Manufacturing—Tret, st'k ($10,000,000 2d pf.) text
Pressed Steel Oar Oo.-Stook, common, $12,500,000
Pref. stock (as to assets), 7 p.c, non-oum., $12,500,000
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
$100 $12,500,000
100 12,500,000 See text.
7
100 12,500,000
235,000
MoKee'9 Rooks purchase money mortgage
i'.obo
3,000,000
1st M., gold notes, red., due $500,000 y'rly, Feb.Mo.o* 1901
100
See text.
Procter <t Gamble.— Common stook, see text
100
2,250,000
Pref. stook (8 p.c, cum.). See terms in ed. May,'93,8up.
100 74,000,000
Pullman Company— Stock, $74,000,000
100 13,500,000
Railway Steel Sprmg Co.- Common, $13,500,000
100 13,500,000
Preferred, 7 per cent, cum., $13,500,000
100 27,191,000
Republic Iron dt Steel— Common stock, $30,000,000
100 20,416,900
Preferred, 7 p. o., cum. (V. 69, p. 85 ), $25,000,000...
o* 1904 l.OOO&c
See text.
Collateral notes, $7,000,000, gold
o* 1904
1,000
See text.
lstandcol.tr M., $ 0,000,000 g., red. 105, text
100 10,000,000
Royal Bak'g Powder—Pref. stock, $10,000,000, 6*-, cum.
100 16.941,700
Rubber Goods Manufact. —Com. stock, $25,000,000. Ta..
100
9,051,400
Pref. stock, 7 p. c. oum., $25,000,000 (bonds, text).Ta.
100
4,921.000
Safely Oar Heating dt Lighting Stock ($5,000,000)
cum. pref.)....
100
3 500 000
Simpson Securities-Stoek ($1,000,000 8%
1000
1 329 000
Real e tate & coll. M.. $1 500,000, g., red. 102>«.Col.o* 1904
1,000 000
Simpson-Crawford Co., mortgage.
19*02
171 000
Debentures gold
100 30,000.000
Singer (Sewing Machine) Manufac'g— Stook, $30,000,000
100 10,000,000
Sloss- Sheffield Steel dt Iron— Common stock, $10,000,000.
100
6,700,000
Preferred stock, 7 per cent, non-oum., $10,000,000
1887
2,000,000
Sloss Iron & Steel Co. 1st mortgage, gold. Ce
1883
2,000,000
General mortgage, gold, subject to call at par Ce
169
— F.
— F.
<
Farmers' Bk. Build-
i
lng, Pittsburg, Pa.
do
5
do
Morton Trust Co.
4
5 g. F. & A. N. Y.,
F.ij Cinolnnati.O. ,Co. Office.
12 in '05
do
do
8 in 1905
8 in 190!". Q.-F. N. Y., Farm. L. & Tr. Co.
4 in 1905 See text N. Y., Metrop. Trust Co.
do
do
7 in 1904 Q.-M
JO
See text.
5 g.
5 g.
Q.-J.
Q.-J.
A.
&
O.
Q.-M.
6
Q—
J.15
See text.
7 in 1904 Q.-M.15
11 in '05
6g.
Q.-J.
J.
&
Aug.30,'04,1%
Aug.29,'05,l\
1909
1906 to 1911
Nov. 15, '05, 3
Oct. 14/05, 2%
Nov.15,'05,2%
Oct. 19,'05,
2%
Sep. 20/05,1%
General Offioe, Chicago Oct." 2,' '"65,1%
First Tr <Jfc8av.Bk .Ohio Oct. 1, '06 '07
N.Y., New York Tr. Co
Oct. 1, 1934
Checks mailed.
8ep. 30,'05,li«
Checks mailed.
July 15,'01,1%
do
do
Sep. 15,'05,l\
By check.
Oct. 2, '05, 4
Jan. 15, 1929
J.
6 g.
See text, Q-M.
Sep. 30, '05, 3
See text. A. & O. N. Y. Guaranty Tr. Co.
See text.
7 in 1905
—
6
g.
4^g
do
Q.-J.
F.
A.
&
&
do
A. N. Y., Central Trust Co.
do
O.
do
Oct. 2, '05.
Feb.
Apr.
1,
1,
1\
1P20
1918
Provident Loan Society of New York.— Incorporated in New
York in 1894 under Special Aot. Operates 4 loaning offices in New
York City and 1 in Brooklyn. Certificates of contribution. $1,000,000, on which dividends at 6 p o. yearly have been paid. Bonds (not
mortgage) outstanding, $2,000,000 twenty-year gold 4»«8, due Sept. 1,
1921, but subject to oail at 102 ^ on and after Sept 1,1906; interest
M. and S. at office; denominations, $500 and $1,000 eaoh. See applications to lift, V. 79, p. 2152; V. 80, p. 1182. Report for year end
ing Deo 31, 1904, in V. 80. p. 1110, showed, gross* earning", $339,504;
operating expenses and fixed charges, $242,396; surplus. $97,103;
total surplus, Deo. 31. 1904. $292,096. President, Robert W. De Forest; Treasurer, James Speyer; Secretary. Mortimer L. Sohiff; VicePresident, Frank Tuoker; Asst. Treas., M. G. Hopf. Executive Offioe,
105 E. 22d St., New York.— (V. 80, p. 1110, 1179, 1182.)
(The) Pnllman Co.— On Jan. 1 1900, the Wagner Palace Car Co.
sold its assets to The Pullman Company, representatives of the Vanderbllts entering the board of directors. V. 69, p. 854; V. 70, p. 40.
Real estate not used in mfg. must be sold by 1909. V. 78. p. 771.
CASH Dividends.-) 1877-80. '81-83. '84-98. '99. 1900-04. 1905.
Tnese companies manufacture all classes of rubber goods, except boots and
hoes, principally bicycle and solid and pneumatic vebicle tires, lire hose, garJen hose, air-brake bose. steam h>se, belting, packing, hard rubber goods,
druggists' sundries, rubber thread, etc.
See offioial statement in V. 68, p. 872. V. 68, p. 774; V. 71, p. S4f,
80. p. 1858, 1975.
In July, 1905, the U. S. Rubber Co. had acquired from a syndicate
$5,133,000 of the $9,051,400 pref. and $13,91*2,000 of the $16,941,700
oommon stock, and agreed to take over any of the remaining stook
whioh may be turned over by it prior to May 1, 1906. For the pref.
an equal amount of U. S. Co. 1st pref. Is to be paid and for the com on
$ 1.0,000,000 of U. 8. Oo. 2d pref. . $50 of 2d pref. to be deducted for each
$100 of Rubber Goods com on stock not acquired. V. 80, p. 1975, 2225
Dividends.— On pref., June, 1899, to Sept., 1905, 7 p. 0. per annum
(1%% Q-M.) On common, 1900, 2 p. c; 1901, 3p. 0.
Bonds.—The bonded debt of companies controlled consists of:
$781,000 Mechanical Rubber Co. 1st sinking fund gold 6s, due Jan. 1, 1918;
$4H.4'.iO N Y. Belting & Packing 1st mort. sink, fund deb. 6s, due Jan. 1 1918
subject to call at 110.
Since 1877— P.ct. < 8 yrly. 9*3 y'ly. 8 yrly. 6*a 8 yrly.
8
In 1898 paid an extra cash dividend of 20 per cent and stock dividend of 50 p. o. to distribute surplus assets. V. 67, p. 75, 789, 840, 902.
Report.— Report for 1904-05 was in Chronicle Oot. 28.
1904-05.
1903-04.
1902-02.
Tears ending July 31.
Earns, from oars, mfg. proflts.&o. $26,922,022 $24,788,729 $23,120,71'
teed, principal
,
Operating expenses
Depredation on oars, eto
Paid other sleeping car ass'ns
Dividends on oapital stook
13,884,983
2,331,476
651,009
5,919,982
12,254,160
2,318,873
554,095
5,919,976
10,389,4u0
2,739,314
574,252
5,919,968
$4,134,572 $3,741,625 $3,497,720
Net surplus for year
Total surplus July 31, 1905, $22,151,946, agst., $3,792,188 In 1899.
Pres., Robert T. Lincoln, Chic. N. Y.. 15 Broad 8t— (V. 81, p. 1244.)
Quincy Mining.—V. 78, p. 819; V. 80, p. 476, 1115, 147T.
Railway Steel Spring Co.— Incorporated In New Jersey on Feb.
25, 1902, as a consolidation. V. 74, p. 382, 482. Official statement,
V. 74, p. 984. In June, 1902, purchased the Steel-Tired Wheel Co.,
issuing $3,500,000 each of common and preferred stook therefor.
V. 66, p. 185; V. 72, p. 444; V. 74, p. 1041, 1200; V. 75, p. 80. Total
capaoity of all plants acquired, 135,750 tons annually.
Dividends on pref.,1% p. o. quarterly, paid June, 1902, to Sept.,
1905, both lncl.
On common, 2 p. c, April, 1904; In 1905, April,
2 p. c; Oct. 2 p. c. V. 81, p. 1046. No bonds. Report for calendar
year 1904 in V. 80, p. 1000, 1056, showed: Net earnings, $1,089,943;
div.on pref. (7 p. c.),$ 944,970; balance on haad Deo. 31, 1903, $1,705,886; div. on com. (2 p.c.) paid April, 1904, $269,988; total surplus Deo. 31, 1904, $1,580,871. President, J. E. French; Sec, M. B.
Parker; Treas., James C Beach. Directors, March, 1905, V. 80, p.
1000. -(V. 79, p. 2476; V. 80, p. 1000, 1056; V. 81, p. 1046.)
Republic Iron
Steel Co.—Organization.— Incorporated in
N. J„ May 3, 1899, to consolidate 29 plants making bar and forge iron.
Also owns 7 blast furnaces, mining properties In Mesaba range, extensive Iron and coal lands ia Alabama, etc.; cofce plant of the ConnellsvilleCokeCo. (See V. 71, p. S4S-) For properties merged see V. 68, p.
674; V. 70, p. 228; V. 71, p. 454; V. 77, p. 455; V. 79, p. 1480, 1T02.
Stock. —Common, $30,000,000; pref. (as to assets and dividends),?
per cent oum., $25,000,000; of whioh $2,809,000 common and $4,533,100 preferred, reserved to purchase additional properties.
Pref. Divs.- Oct.. '99, to Oct., '03, 7% y'ly; 1904, none; in^Oot. 1905,
l$t p. c V. 81, p. 7 81. Plan for providing for accumulated dividends
is expected shortly.
V. 81, p. 12 14.
Bonds and Notes.—The 5 per oent notes, dated Oot. 1, 1904 (authorized amount $7,000,000), secured by $10,000,000 first mortgage
sinking fund bonds, mature one-ha'f on Oot. 1, 1906, and the remainder on Oct. 1, lfc07. Of the notes, $6,300,000, supposed to be largely
retired, were
sold for improvements;
V. 79, p. 1480, 1644,
1720; V. 80, p. 476. In Fen., 1905, the $10,000,000 bonds was sold.
The bonds are subject to call for sinking fund of at least $250,000
yearly at 105 and Interest, and on Oct. 1, 1914, and thereafter as an
entirety at the same price. V. 80, p. 716. The net cash assets over
liabilities other than bond issue never to be less than $6,503,000,
while outstanding bonds equal or exceed that amount, and thereafter
never less than amount of outstanding bonds. See V. 80, p. 1734.
Report.— Results for year end. June 30, 1904, were in V. 79. p. 1702.
Net profits, $1,306,068; improvements, renewals, etc., $1,560,256; div.
on pref. (1% per cent), $357,296; bal., def., $611,484.
Officers.— Pres' t, S. G. Cooper; Sec'y, H. L. Rownd; Treas'r, John
F Taylor. Main office, First Nat. Bank Bldg, Chic; N. Y. office, 111
Broadway. New directors, Oot., 1905, V. 81, p. 1244.— (V. 81, p. 1244.)
Rhode Island-Perkins Horse-Shoe Co.—See page 176.
Royal Baking Powder Co.— Organization.—A consolidation
incorporated id Feb., 1899, under the laws of N. J. See V. 71, p. 545,
Common stock, $10,000,000, all out; par, $100; pref., see table above.
DrvTDENDS.-On pref., to Sept.. 1905, incl., 6 p. 0. per an.— Ha quar.
Iji 1904 8 per oent was paid on the common stook.
Pres., Chas. O. Gates; Treas., John Morris; Sec, W. L. Garey. Office,
Royal Bldg., William and Fulton Sts., New York.— (V. 72, p. 679.)
Rubber Goods Manufacturing Co.— Organization.—Incorporated in New Jersey on Jan. 26, 1899, and acquired all of the stock
of the Mechanical Rubber Co., which owns the entire stook of—
New Torn Beltine & Packing Co.. Stou^hton Rubber Co Fabric Fire Hose Co.,
Chicago Rubber Works aud Cleveland Rubber Co., the Peerless. Rubber Mfg.
Co., Hartford Rubber Works Co.. Indiana Rubber Co.. Indianapolis Rubber
Co., Amer. Dunlop Tire Co., New Brunswick Tire Co. and the Sawyer [cottonj
Belting Co and a large majority of stock of Mechanical Fabric Co., Morgan &
Wright (V.81, p. 101) and the Single Tube Auto & Bicycle Tire Co,
&
,
;
V
The General Rubber Co bonds ($9,000,000 authorized) are guaranand interest, by the Rubber Goods Mfg. and U S
Rubber companies. V. 81, p. 36, 901.
Report.— Report for year end. Mar. 31'05,V. 80, p. 1422, showed*
Net $620,342; pref. dlv'ds (7 p. 0.) $563,598; sur., $56,744.
Officers.— President, Charles H. Dale; Vice-Presidents, Talbot J.
Taylor, Ernest Hopkinson and Chas. A. Hunter; Sec and Treas., Harry
Keene. Gen. office, 15 Exchange Plane, Jersey City, N. J. N. Y. office.
253 Bmadway. Direotors. April. 1905, V. 78, p. 1449; V. 80. d. 1427
-(V. 80, p. 1 422, 1427, 1858, 1975; V. 81, p. 36, 901.)
Safety Car Heating & Lighting.—Organization.— Incorpor,
New Jersey. Manufactures "Pintsoh" light apparawhioh May 1, 1904, was in use on 23,600 cars in the United States.
Divtd'ds— ) 1893-97. 1898-00. 1901. 1902. 1903. 1904.1905
Cash (p.c).. 5 6 yrly. 8 yrly. ll&lOstk. 9
12
12
11
Report.— Report for year ending Maroh31, 1905, in V. 80, p. 2218
showed combined netearnings of Safety and Pintsoh cos. were $1 393 842; divs. on Safety Co. stock (12 * per cent), $615,123; dividends oil
Pintsoh Co. stock, &c, $265,200; bal., sur., $513 519. Pres Robert
Andrews. Directors include: Robert Andrews, R. M. Dixon, Wm. Barbour, A. C. Soper, Wm. A. Read, J. E. French, O. 0. Gayley, P B
Wyefeoff, E. M. Bulkley and Geo. F. Bakor Jr. Main Office. 160
Broadway, N. Y.— (V. 79, p. 1 SO; V. 80, p. 22 1 8.)
San Francisco Gas & Electric Co.— See page 176.
Siimpson Securities Co.— Organization.— Incorporated in
Yuk June 20, 1904. Owns $1,500,000 of the $2,500,000 commonNew
and
$2,396, 00 of the $2, 00,000 8 p. c oum. pref. stock (par of shares
$100 eaoh) of the Simpson Crawford Co having department store on
6th Ave.. 19th to 20th sts, N Y.
Of the 6s of 1901, $171,000 is reserved to retire the debentures
They are subject to call at 102 >s by a sinking fund amounting to $2 >
000 per annum for three years ending Jan. 1, 1908, and $50 000
* '
thereafter. V. 80, p 790.
Cal. year 1904 net earnings were in excess of $200,000. V. 80 p. 790
Singer (Sewing Machine) Mfg. Co.— Organization.— incorporated in 1873 in New Jersey under special aot. Plants are located at
Elizabeth, N. J.; Kilbowle.near Glasgow; St. Johns, Que., eto.
Stock, $30,000,000, haviDg been Increased in Dec, 1900, by 200 per
cent stock dividend, capitalizing surplus. V. 71, p. 1224, 1273. Cash
dividends, as reported, were: In 1898, 30 p. c; in 1899, 100 p.
In
1900, 20 p c. Dividends on stock as increased 1901 to June, 1902 incl
7 p.c yearly (paid Q.-M.); Sept., 1902, to Dec, 1903, both lncl., 3 p. 0!
quarterly; Mar., 1904, 4 p. c; June, 4 p. c; Sept., 19 p. c; Dec, 4 p c
1905, Mar ,'4 p. c: June, 4 p. c; Sept., 3 p. 0. Office, 149 B'way N Y
President, Douglas Alexander; V. P., Edwin H. Bennett —(V 81 p'
'
ated in 1887 in
tus,
1
,
,
-
•
•
•
977.)
Sloss-Shcffleld Steel
&
Iron Co.—Organization.— Incorpor-
New Jersey and in Nov., 1899, acquired several properties or stock representing the same. See prospectus.
69 n 286V. 70, p. 1099; VT 71, p. 185, 545\ V. 72, p. 779; V. 76, p. 659'. Stock,
$3,300,000 pref. is reserved for future requirements. See listing
70, p. 1200, showing properties, rights of preferred shares, etc; also
ated In
V
V
V. 72, p. 774; V. 78, p. 1177.
Dividends on preferred, April, 1900, to Oct., 1905, 7 p. 0. yearly
Div. on common in 1905. 5 p. 0. in cash (A. & O.). and in Oct*
(Q.-J.)
331s p. 0. in common stook ($2,500,000). V. 81 p. 901.
Earnings for 9 months ending Aug. 31, 1905 (partly estimated),
net, $1,175,092; agst. $695,729; int. and taxes, $180,000; div. on pref..
$342,000; bal., sur., $653,092. Report for year ending Nov. 30, 1904
given at length in V. 80, p. 1361, 1373, showed net above depeoiatlon.
etc, $693,637; bond interest, $210,000; div. on pref., 7 p.c, $469,000; sur., $14,637. Total sur. Aug. 31, 1905, $2,907,789. President,
J. C. Maben; Sec and Treasurer, E. L. Morris, Birmingham, Ala.— (V.
81, p. 1178.)
Somerset Coal Co.—Organization.—Incorporated in Pennsylvania about Jan 1, 1902, and acquired various properties on B. & O. RR.
in Somerset Co., Pa.
Coal mined in 1904, 893,493 tons. Stock,
$4,000,000, all of one class, of which $2,001,100 is owned by Consolidation Coal Co., which see: par of shares. $100. V. 78, p. 1272. First
dividend, 2 p. c, paid Feb. 1, 1904; Feb., 1905, none.
Bonds, $4,000,000 thirty-year sinking fund gold 5s, ($1,000
each), due Feb. 1, 1932, subject to call at 110, of which $2,933,000
were outstanding. V. 78, p. 1272. Report for year ending Deo. 31,
1904, in V. 80, p. 1361, showed: Grops earnings, $975,299; net,
$183,896; other income, $29,361; int., depreo'n, sink, funds, etc,
$188,518; bal., sur., $24,739. President, C.W.Watson. (V. 81, p. 1178.)
&
Southern
Atlantic Telegraph.—Leased to Western Union
for 999 years from Oct. 1, 1876 (which owns $390,475 of the $949,050
stock) and stook guaranteed by rental 5 p. c, payable A. & O. at
treasurer's offioe, West. Un. Tel. Co.
INDUSTRIAL STOCKS AND BONDS.
170
|
Date
Size,
or
Amount
Par
of
For explanation of column headings, Ac, see note on
Outstanding
Bonds Value.
first page of tables.
$100
Standard Mtiling— Stock (preferred, 5%non-cum.)
1.000
o* 1900
First mortgage, gold, $6,250,000 Jttp
Underlying mortK ages undisturbed.
$100
Standard OiJ— Stock, $100,000,000
1,000
Stand. Rope <S Twine— 1st M., g., s. f.,to call at 105.Ma.o* 1896
1,000
GonsoL M.,non-oum., incomes, g., to oall at par...Ce.o* 1896
100
Swift A Co.— Stock, $35,000,000
1st M., $5,000,000, gold, call after July, 1910.. AC... 1900 500 &o.
100
Temple Iron— Stock, $5,000,000, guar. See text
1,000
Mort. &ooll. tr. bonds, $15,000,000, g., gu., s.f text.G.o* 1899
100
Tennessee Coal Iron <£ BB. Co.— Stock, oomnon
100
Pref stook, 8 per cent, cum
1,000
Blrm'gh'm, Ala., Dtv.,con. M. .g., s. f. 1%, not d'rn.Ce.o* 1887
1,000
Tennessee Div. bds, g., s.f. 1*3 % yearly, not dr'n.Ce. .o- 1887
De Bard. M., g., ass., s. f., $30,000 y'ly, not dr'n.P..c* 1890 500 &0.
1,000
Tenn. Coal Iron & RB. gen.M.,g.,$15,000,000.Un...o* 1901
.
,
•
Ala. Steel & Shipbuilding, pref. 6 p. o. cum., guar......
1st M., g.,gu., s. f., reg., red. 110 begin. Jan., 'OJ.^ltla
Cahaba 1st M., $1,100,000 g., gu., s. f ., red. at lip.Ce.C
Union Bag A Paper— Pref. st'k (as to as. & div.), 7%, ouin.
o*
1st M., $5,000 000 g., red. 105,8. f..Ta
isssz
1st M., gold, red. at 110 after Nov. 1.1895
Union S/^-lst&coll.M.,$45,000,000,g., gu.,
Union Typewriter— Common stock
8.
f.N.0\fer
1st 7 per cent preferred stook, cumulative
2d pref. stock, 8 per cent, cumulative, $3,000,000 auth.
1898
1892
1905
1890
1902
$6,900,000
3,837.000
2,713,000
98,338,300
2,740,000
6,805,330
35,000,000
5,000,000
2,500,000
2,813,000
22,552,800
248,300
4,039,000
1,160,000
2.729,000
3,824,000
440,000
1,000
1,100,000
892,000
1,000
100 11,000,000
1,000
2,200 000
100
3,000,000
100 &o.
2,200,000
l.OOO&c 35,968,000
100
10,000,000
100
4,000,000
100
5,015,000
Southern New Eng, Telepli.-(V. 80, p. 2398; V. 81, p. 269.)
Spring Valley Water Co.— 8ee page 176.
Standard Milling Co.—See page 176.
Standard Oil.— Organization.—This New Jersey corporation sun-
oeeded In June, 1899, to the Standard Oil properties, held by liquidatSee Supplement for April, 1899, and V. 68,
ing trustees.
p. 1227 ; V. 69, p. 28. Controls petroleum oil refineries in all the principal Northern cities of the United States, and produoes about 65 per
cent of the country's total output of refined oil also oontrols oil wells
in Perm., Ohio and W. Va., and has pipe lines to tidewater. V.66, p.
1239; V. 69. p. 745; V.71. p. 1273: V. 76, p. 387, 870; V. 77, p. 1536.
STOCK.—Common, $100,000,000; $10,000,000 preferred canceled.
Drvs.— ? 1891-95. '96. '97. '98. '99. '00. '01. '02. '03. '04. 1905.
Per cent. \ 12 a jrr. 31 33 30 33 48 48 45 44 36 Incl Sep.30
1904, March, 16 p. c; June. 8 p. a; Sept., 5 p. o.; Dec, 7p. c; 1905,
Mar., 15 p. c,; June, 9 p. o.: Sept 6 p. c.
Officers.— President, J. D. Rockefeller Treasurer, W. H. Tilford,
Secretary, C. M. Pratt. Office. 26 Broadway, N. Y.
Directors.—J. D. Rockefeller, William Rockefeller, H. M. Flagler,
J. D. Arohbold, H. H. Rogers, W. H. Tilford, C. M. Pratt, O. H. Payne,
E. T. Bedford, C. W. Harkness, J. A. Moffett, F. Q. Baretow and Walter
Jennings.— (V. 81, p. 158, 901, 977, 1046.)
Standard Rope Twine Co.—See page 176.
Co.—Organization.—Incorporated in Illinois April 1,
Swift
1885. Has packing plants at Union Stock Yards, Chicago; at South
Omaha, Kansas City, East St. Louis, South St. Joseph, South St. Paul
and Ft. Worth. Report of Bureau of Corporations, V. 80, p. 1001, 1062.
Stock and Bonds.— Early in 1904 the stook was Increased from
$25,000,000 to $35,000,000 by sale to shareholders at par, to purchase
wholesale distributing markets, refrigerator care, etc V. 77, p. 2287;
;
;
A
A
V. 78, p. 233. Divs. since 1888: '89 to '94, inol., 8 p. o.; '95 to July,
'98, inol., 6 p. o.; Oct., '98, to Oct., 1905, 7 p. o. Bonds, see table above.
Report.— Report for year ending Deo. 31,1904, with bal. sheet, was
in V. 80, p. 161. In 1902-4 sales were about $200,000,000 yearly,
Chairman. E. C. 8wift; President,
against $170,000,000 in 1900.
Carton; 8ec,
Louis F. Swift; Vioe-Pres., Edward F. Swift; Treae.,L.
A
Asst. Treas., I. A. Vant. Directors, Jan.. 1904, V. 78.
p. 233.— ( V. 79, p. 905, 969; V. 80, p. 161, 603, 1001, 1062, 1239.)
Syracuse Lighting Co.—V. 77, p. 248, 302, 399; 1299.
Temple Iron Co.—Organization.— Incorporated 1873 in Pennsylyanla, and in March, 1899, purchased anthaclte coal properties of
Simpson & Watkins around Soranton, Pa.— V. 69, p. 231. Controlled
in the Interest of Del. Lack. & West., Cent. RR. of N. J., Reading Co.,
Lehigh Valley, Erie and N. Y. Susq. A West, which guarantee both
Btock and bonds. See V. 71, p. 1124, 1170; V. 78, p. 2015.
Stock and Bonds.— Stook la subjeot to oall at par and Interest on
(or after) Jan. 1, 1904, on 6 months notice, but absolutely payable by
the RR. co's Deo. 31, 1906. Held in voting trust by Guaranty Trust
Co. Bonds are secured by stocks of properties owned and are subject
to oall by sinking fund of 15 cents per ton on ooal mined at 110 and
Interest; they are guaranteed, but severally In different proportions.
by the railways above named. Bonds for $11,000,000 are reserved
for additions. V. 71, p. 1124, 1170; V. 75. p. 926.
Officers.— President, Geo. F. Baer, Philadelphia, Pa.; Vioe-Pres't
and Treasurer, A. F. Law. 8oranton. Pa.; Secretary, Geo. L. Houser.
Directors, V. 74, p. 732— (V. 75, p. 926, 1403; V. 78, p. 2015.)
D. E. Hartwell
Bonus— Prinol
INTEREST OR DIVIDEND-}.
pal, WhenDue.
Rate per When Where Payable, and by Stock3—Last
Payable
Dividend.
Cent.
Whom.
-
MISCELLANEOUS.
Union Ferry— Stock
[Vol. lxkxi.
;
Tennessee Coal Iron A Railroad Company.—Organization.
—Owns
eteel rail mill, blast furnaces. coal mines, iron mines, foundries,
Ao., In Tennessee and Alabama. V. 70, p. 588; V. 75, p. 621.
On Nov. 30, 1899, the Alabama Steel <fe Shipbuilding Co. plant was
opened at Ensley City.
The plant has ten open-hearth furnaces
of 50 tons each and a capacity of 1,000 tons of steel billets and slabs
Is
leased to the Tenn. Coal Iron & RR. Co., which
dally, and
guarantees
Its $1,100,000 6 per cent bonds, and $440,000 6 percent
preferred stock. V. 70, p. 591. The common stock, all owned by the
Tenn. C. I. A RR. Co., carries control of stook. V. 66, p. 1002, 1235;
V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
Dividends.—On com. In 1887, 1 p. c; in 1900, 6 p. o.; 1902 to 1904,
none; 1905, May 1,1 p. o.; Aug. 1,1 p.o Nov. 1, lp. o.
STOCK.—Authorized com. stook, $23,000,000. V. 70, p. 382, 483, 589.
Bonds.- Of the $15,000,000 general gold 5e of 1901, $3,000,000
were sold to complete the steel mill at Ensley, having an annual oapaolty of 100,000 tons of rails and 200,000 tons or steel and other
forms; $10,654,500 were reserved for existing bonds bearing 6 and
7 per oent Interest (of whioh $619,000 had been Issued in Sep., 1905,)
and the balance for improvements. To Sept., 1905, $145,000 had been
retired by the sinking fund. V. 72, p. 876, 940, 989 V. 73, p. 86, 554,
V
'
1117; V. 77, p. 93, 2162; V. 80, p. 169.
EARNiNG8.-For 5 mos ending May 31, 1905, net $733,862; charges,
$320,099; depreciation, $89,979; balance for dividend, $323,784.
REPORT.— Report for 1904 In V. 80, p. 1970, 2217. In 1904 output
was: Coal, 2,756,300 tons; coke, 871,532 tons; iron ore. 1.208,038
tons; limestone and dolomite, 218,484 tons; foundry and basic pig
Iron, 47.«>,314ton8; total finished product steel works, 138,698 tons;
Bessemer rolling mill product, 16,668 tons.
1904.
1903.
1902.
Tear end. Dee. 31—
1901.
$2,904,976
$2,602,778
Tot. net profits... .$1,562,797
$1,725,638
739,527
761,583
750,283
Int. on bonds, Ac.
862,189
411,422
419,537
304,9 5
Depreciation, Ac.
359,234
19,864
19,006
23,174
Dividends
19,864
;
;
sr.$ 177,253 sr.$l,734,163 sr.$l,409,785 sr.$484,351
BaL for year
Directors (May, '05)—CordMeyer, James T. Wood ward.D. H. Baoon,
B. F. Traoy, L. T. Beeoher, James H. Smith, William Barbour, A. B.
& O Off 37 Wall St.. N. Y. Oct.31,'05,1%
M. A N. N. Y., Metropol. Tr. Co. Nov. 1, 1930
New York.
1911 & 1922
Semi-an
6
36 in '04 Q.-M. N. Y., 26 Broadway. Sept. 15, *05, 6
6g F. & A. Aug., '04, int. last paid. Aug. 1, 1946
Aug. 1, 1946
5
7 In 1905 Q-J. New York and Chloago, Oct. 1,'05, 1\
J. & J. N. Y., N.Bk.of Rep. & Ch July 1, 1914
2 in 1905 A.
5
.
g-
-
I*
4
g-
See text.
8
&
A
J.
J.
J. N. Y. Guaranty Tr. Co,
J. N. Y., Guar. Trust Co.
Q.-F.
Q.-F.
&
&
A
A
J.
do
do
do
do
do
N, Y., Hanover Bank.
do
ao
do
do
Cheok from Co's office
N. Y., 17 Battery Place
do
do
do
do
do
A.
O.
£ g F.
A.
J.
5 g. J.
6
J. A J.
J. & J.
S g J. & D.
6 g.
Q.-J.
7
t g. J & J
-
-
See text
5 g..
5
g.
Hanover Bank. Nov. 1, '05, 1%
N. Y.,
J.
Julyl,'05,3%
Jan. 1, 1925
Nov.
1, '05,
2%
Jan. 1, 1917
Jan. 1, 1917
Feb. 1, 1910
July 1, 1951
July 1, '05, 3%
July 1, 1930
Deo.
1,
1922
Oct. 15,'05,1*
July
1.
1930
Q.—J.
M.&
J. &
A. &
6 In 1905
7 In 1905 A.
8 In 1905 A.
&
&
Oct. 2,'05,1»*
Co. office, Brooklyn.
N. N. Y., Corn Exoh. Bank Nov. 1, 1920
D. N.Y.,N.Y.Sec ATr.Co. Dec. 1, 1952
O. Check from Co.'s office. Oot. 1, '05,3%
Oct. l,'05,3i«
do
do
O.
do
do
Oot. 1,'05,4%
O.
Boardman, F. S. Witherbee, John E. Borne. Andrew W. Smith and 8.
Sohoonmaker of New York; H. 8. LeRoy of Birmingham. Ala.,
Chairman of Board and President, Don H. Baoon; Secret'y and Treas'r;
L T. Beeoher, 100 B'way, N. Y.— V. 80, p. 22 1 7; V. 81, p. 1052.
L.
(
Texas A Pac. Coal Co.—See this Seotion of Apii), 1905»
Texas Pacific Land Trust.— V. 80, p. 874, 1062; V. 81, p. 209.
Trenton Potteries Co.— See Seotion of April, 190?.
Trow Direct. Print. A B'kblnd.— V. 69, p. 1060; V.71. P. 962.
Union Rag A Paper Co.—Organization.— Incorporated In New
rights of stook, etc., V. 68, p. 675. Statement for year ending Feb;. 1,
1905, with balanoe sheet, was In V. 80, p. 1422, showing net earnings,
$906,419; dividend on pref. (7 p. c), $770,000; balance, $136,419,
Bills payable Jan. 31, 1904, $915,000. Stook, common, $16,000,000,
all outstanding; par, $100.
Pref., $11,000,000, see table above.
Bonds.—Of bonds of 1905 ($5,000,000 authorized), $2,200,000 was
so.dto pay the floating debt, acquire additional timber lands and other
property, increase working oapltal, etc The remaining bonds are
reserved for future purposes, any property acquired to be plaoed
under the mortgage. V. 80, p. 2402; V. 81, p. 269, 564.
Dividends.—On pref., July, 1899, to Oct., '05, 7% per an. (IH% quar.)
Officers.— President, L. G. Fisher; IstV.-P., Edgar G. Barratt; 2d
V.-P., A. R.
New
Bush; Treasurer. Geo. R. Sheldon; Sec, W.
L
Sparks.
directors Apr., 1904, V. 78, p. 1449. Offloe. 17 Battery Place,
N. Y.-( V. 80, p. 1422, 2402, 2625; V. 81, p. 269, 564.)
Union Depot Co; of Columbus, o.—The P. O. C. A St. L. owns
a half Interest In this property.— (V. 63, p. 117; V. 64, p. 804.)
Union Electric Light
Co., St. Louis.— See p. 177.
Union Perry.— Operates five ferry lines between New York and
Brooklyn. Capital stook is $3,000,000 par $100. The mortgage covers
19 ferryboats, real estate, eto. Dividends: In 1894, 4 p. c; 1895, 4; in
1896, 4; in 1897, 4; In 1898. 3^; in 1899, 3; 1900, to Jan.. 1905, 2 p. 0.
{** p. 0. Q.-J.); in Oct , 1905, H« p. c. covering 9 mos.
V. 81, p. 921.
Terms of lease, expiring May 1, IPOS, V. fcO, p. 2225. Pres., J. D.
Fatrohild.— (V. 80, p. 1125, 2224; V. 81, p. 921.)
Union Steel Co.— The United States Steel Corporation, whioh took
possession as of Jan. 1, 1903, owns the entire $20,000,000 stook, and in
consideration therefor, and the furnishing of $10,000,000 cash for imErovements, extensions, etc, guarantees $45,000,000 of new 5 p. 0.
onds, of whioh about $5,000,000 will remain available for future requirements. See V. 75, p. 1359; V 75, p. 1150; V. 74, p. 100.
Plant* at Donora and Sharon, Pa., with dally capacity as follows: 6 blast
furnaces, 2,500 tons; 24 open-hearth furnaces, 2,400 tons; 3 blooming, slabbing
and sheet bar mills, 3.200 tons; 4 rod mills, 800 tons; 2 wire and nail mills, 7.000
kegs: 1 tube works, 300 tons; 1 plate mill, 400 tons; 1 tin-plate plant, 3,600
boxes; 1 sheet plant. 100 tons: 1 by-product coke plant (212 ovens), 1,000 tons.
Coking coal property In lower Counollaville district, 4,740 acres of coal and
A Power
;
810 acres of surface.
steam coal property on the Mononeahela River, 1,524 acres of coal and 170
acres of surface. Two modern steel-ore steamers.
The Sharon aud Penobscot mines
(In fee) and Oonora and Sweeny mines
on the Mesaba range, estimated to contain 40.000,000 tons of Iron ore.
Bonds.—The first and collateral 5s of 1902 ($45,000,000 authorized
Issue are guaranteed, principal and interest, by the United States
Steel Corporation, and are secured by all the property of theoompany,
including the Sharon Steel stook acquired. They are subjeot to oall
After Dec 1, 1907. at 110 and interest. Of the bonds $37,697,000 have
been Issued, of whioh $1,729,000 were held alive in sinking fund
on September 1, 1905, $3,500,000 are to be used to retire underlying bonds and $3,874,000 are reserved for future purposes An
annual sinking fund payment of 2 per cent of the amount of bonds
outstanding. V. 75, p. 1150; V.76,p. 107, 546. Guaranty V. 76, p. 709
Underlying bonds Date,
Interest.
Outstanding.
Maturity.
(leases!
A&O
JAD
Sharon Steel 1st M.g. sink. ) 1900 5g.
$841,000 Oot. 1, 1940
fund
jSubJ. to oall at par after Oot. 1, 1010.
Sharon Steel M. (1st on) 1901 5g.
1,000,000 June 1,1941
tube mill, 2nd on other > SubJ. to oall at 105 to June 1, 1911, thereproperty)
)
after at par.
429,000 Nov. 1,1921
Sharon Sheet Steel first > 1901 5g. MAN
Subjeot to oall after Oot. 1. 1906.
mortgage
J
»K-J*D 1,250,000 Dec 2, 1931
* 1901
Sharon Coke 1st M
cone let
, Subject to oall after 5 years.
—(V. 75, p. 1359; V. 76, p. 107, 334, 545, 709; V. 78, p. 1171, 1227.)
Union Switch A Signal.— V. 78, p. 819.1171; V. 80, p. 1057
Union Type Writer.— Organized in 1893 in New Jersey. A
combination including Wyokoff, Seamans A Benedlot (Remington),
Yost Writing Machine, American Writing Machine (Caligraph), Smith,
Premier Typewriter and Densmore Typewriter cos. In 1904 stook,
holders subscribed to $1,000,000 2d pref. stook at 102.— V 79, p. 1481.
777777
006 6888 777 7788
Divid'S. '93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. '04 '05.
lstpref.,p.o.3»«
7
2d pref., p.o.
16 16
8
8
Com. st k, p.o
6
6
6
6
Pres., Clarence W. Seamans
8ec, Geo. K. Gilluly. Otlice, Jersey
City, N. J.-(V. 78, p. 1171; V. 79, p. 1481; V. 80, p. 1125, 1427.)
Board Paper Co.— See page 177.
United
;
Box
A
United Copper Co. of Montana.— Organization.— Incorporated in NewJersey on Apr. 28, 1902, and owns about 95 per oent of stook
and all the bonds of the Montana copper properties developed by F.
Augustus Helnze and associates, producing about 42,000,000 pounds
annually, viz.: Montana Ore Purchasing Co., Nipper Consol. Copper Co.
Minnie Healey Belmont Mining Co., Oorra Rook Mining Co., etc V.
74, p. 942; V. 80, p. 1486. 2395. In year 1904 output was 35,60^,000
lbs.,
against 28,863,388
lbs. In
1903.
V. 77, p. 455; V. 76, p. 870.
:
INDUSTRIAL STOCKS AND BONDS.
Oct., 1905.J
MISCELLANEOUS.
Date
Size, or
Par
Value
of
For explanation of column headings, Ac, see note on
Bonds
first page f tables.
no
o* 1903 SI, 000
United Box Board & P.— 1st M., $3,500,000, g.red.
Proposed gen. M., $2,750,000, g., red. a f 'O9.$50,000 y'ly
Proposed debenture bonds, $1,760,000: see text
100
United Copper— Common stock, $75 000 000 authorized.
100
Stook, 6 p. o gold, oum.. pref., subject to call at 125...
100
United Fruit— Stock, $20,000,000
1,000
Debentures, g. OB, cony., red. at 110 after Jan , '03c" 1901
1900
1,000
No.By.of Costa Rloa,lstM.,«.red.l05,s.f.&int.gu.OB.
50
United Gas Improvement Co— Stock, $36,725,000
1903
1,000
United Lead— Debentures, $12,000,000, gold.ITIo
25
United Shoe Machinery Corp —Com. stock $35,000,000..
25
Preferred stook, 6 per oent, cumulative, $15,000,000
100
Piped Foun Co.— Com.stk.,$l5,000,000 au.
U.S.Oast Iron
100
c, non-cumulative
Pref. stook, 7p.
U. S. Cotton Duck.— Sea Consolidated Cotton Duck Co.
100
U. 8. Envelope— Fret, stook, 7 p. c, oum., $4,000,000
1898
1,000
1st Mort., g., red. after 1908 at 104, s. f
Deben., gold, part due yearly, red. at 101, begin. 1907.. 1902-4
1,000
100
United Slates Express— Stock
United Stales Leather— Pee Central Leather Co.
100
United States Mortgage <& Trust Stook
"E" & "F" g., red. after 10 yrs.o'&r 1897-8 1,000
1st mort. trust
J
o* '98'02
bonds.
\ "G" to "N" g., red. after 5 years.
100 &o
100
U. S. Realty <£ Imp.— Stook, $30,000,000 authorlzed.N..
conv.wlthln 2 yrs. red.105.No' 1904
Deben., $13,506,000, g.,
1,000
Rubbet Common ($25,000,000 authorized)
United States
100
100
1st preferred ($40,000,000 author), 8 p. c.non cum..
t
—
—
Stock authorized, common, $75,000,000; present issue, $45,000,000;
balanoe being reserved for new properties pref. 6 p. o. cum.; $5,000,000. Par of shares, $100. V. 75, p. 139. Div. on preferred paid
Nov. 1902, to Nov., 1905, incl., 6 p. o. yearly (M. & N.) First div. on
common, 12 p. 0. and ^ p. c. jextra paid, July 31,1905. No bonds.
Deoision. V. 77. p. 513; V. 78. p. 50; V. 80, p. 2395,2463; V. H,p. 513.
Report for year ending June 1, 1905, in V. 80, p. 2395, showed:
Total inoome. $1,573,854; taxes ani general expenses, $16,789;
div. on pref. stook (6 p. c ), $300,000 bal., sur , $1,257,065.
Officers.— President, F. Augustus Helnze; Vice-Presidents, Arthur
P. Heinze and John McGinnis; Treas., Stanley Gifford; See. Stanley
Gifford. Directors, V. 74, p. 1146; V. 81, p. 36.— (V. 81, p. 513, 564.)
United Electric Co. of
Jersey.— See Street Rt. Sup.
United El. L. Ac Power Co., N. Y.— See Consolidated Gas.
United Fruit Co.—Organization.— Incorporated in New Jersey
;
,
New
on March 30, 1899,
to control the tropical fruit business.
statement, V. 69, p. 854. Properties owned, see reports V. 71,
p. 1011, 1020, V. 73, p. 1060, and V. 77, p. 2096; V. 79, p. 2475
V. 74,
Northern Ry. of Costa Rica, see V. 71, p. 1067;
p. 1095; V. 75, p. 621.
V. 75, p. 851; V. 80, p. 223: V. 81, p. 614. Nipe Bay Co., V. 81, p. 215.
STOCK.— In Apr., 1905. issued $1,503,000 stook at 104, making outstanding $17,485,000. V. 79, p. 156, 632; V. 80, p. 1001, 1062.
Official
;
Dividends-
Oct,
'02*
'03.
'04
'05.
01.
Per cent. >
10
8
7
7
7
7
Bonds.—Debentures are convertible into stock at the option of the
holder, and are subleot to oall in whole or In part at option of 00mpany. V. 73, p. 240, 295,496; V. 75, p. 803; V. 79, p. 156. To Oct.,
1905, $1,554,000 of the $4,250,000 bonds have been converted and
$300,000 purchased for sinking fund and canceled; of the remainder
outstanding, $177,000 were owned by alsubsldlary company. As to
Elder & Fyffes Shipping Co., see V. 77, p. 41.
Report.— Report for year ending Sept. 30, 1904, with remarks, 00m
pared with 12 months in preceding year, was in V. 79, p. 2453. 2475.
Net
Earnings
Miscel.
Dividend
Balance,
Earnings.
FUcal
Sub. Co$.
Charges.
Surplus.
on Stock.
Year
1903-4
1902-3
\
'99.
'00.
2i«
S
$
4;
SR
St
1,804,895 net 272,880 137,425
(7)967,675 972,674
1,852,544 net 225,204 229,595
(7)
877,150 971,003
Andrew W. Preston, Prest.; Vice Prest., Minor C. Keith; Treas'r,
Charles A. Hubbard; Sec'y, Bradley W. Palmer; Asst. Treas. James F
Tllden. Gen'l offices, 131 State St.. Boston, Mass.— (V. 81. p 618.)
(The) United Gas Improvement Co.—Organized 1882 in Pennsylvania; reorganized in 1885. Charter is perpetual and business is
the building, leasing and operating of gas works (see list In 1900, V.70,
&1000, 944); also Interested in oertain trolley lines and eleotric-lightg properties; also owns Kansas natural gas properties. See list and
capitalization of operating cos. In V. 79. p. 498, and editorial p. 478;
V. 79, p. 2090; V. 80, p. 2342; V. 81, p. 977.
Stock.—The stockholders voted May
4, 1903, to increase
76, p. 334, 1038.
the stock
from $28,250,000 to $36,725,000. V.
Dividends—Since 1888,8 p. 0. per annum, payable quarterly.
Jan., 1896, paid extra dividend of 15 p. 0. In convertible scrip.
Report
for 1904, in V. 80, p. 1856, 2342,
showed
profits of $4,-
Thomas Dolan; 4th V.-P. and Treas., Lewis Llllie Seo W. F.Arch 8ts., Phlla.— (V. 81, p. 513, 731.)
United Lead Co.—Organization.— Incorporated In New Jersey
In Jan., 1903, by Interests identified with the American 8melting &
Pres.,
;
,
<fc
Refining Co., as an amalgamation of various lead-producing plants
mentioned in V. 77, p. 827; V. 76, p. 216; V. 79, p. 2152. See V. 78,
774. Stock authorized, common, $15,000,000; pref. 6 p.o. cumulative,
$10,000,000; par of shares, $100. Debentures, see table above. The
$271,000 Chadwlck-Boston Lead 1st gold 5s, int. A & O., due April 1,
1921, are understood to be the only underlying bonds. V. 72. p. 677.
Pres., Barton Sewell; Vloe-Pres., John A. Stevens; Sec, J. R. Wettsteln; Treas ., Thos. J. Phillips, j)ffloe, 71 B'way, N. Y.— (V. 81,
p. 672.)
p.
United Shoe machinery Corporation. -Organization.— InNew Jersey on May 2, 1905, as successor of the compan
?o.i^ e ^ ame name P er P lan Y.80, p. 1862. Properties, V. 68,
corporated in
333 430; V. 74,
p. 430; V. 75, p. 851; V. 77, p. 255; V. 80. p. 1486
old pref. received par in new pref. and 1% p. 0. cash and the
0. In new common and 3 p.
cash. In Aug., 1905,
over 95 p.
of the stook of old co. had been acquired. V. 81, p. 564.
ST
Tnepreferredl8 entitled in the event of dissolution to $35
per 2S? share and all aoorued dividends in preference to the common
$25 T:
stock Dividends were paid on the old stook at the rare of 8 p. 0. on
the common and 6 p. 0. on the pref. from organization in Feb., 1899,
to July, 190
iucl. First dividends 'quarterly) on new stocks. 113
p. c. on pref. and 2 p. 0. on com., paid Oot 14, 1905. V 81, p. 901.
Earnings, (old co.)-Report for year ending Mar. 1, 1905, in V. 80,
p. 246 showed net. $3.03s,352, against $2,80 *,792 In 1903-04; div. on
|8S7' 648: My. on pref. (6 p. c.) $596,190; bal., sur.,
P
*
p.
The
common 150 p.
^
-
•>,
'
.
$l™84^l!
'
President, Sidney W. Winslow of Boston: Treasurer and Gen. Man.,
W- r WB; S e
L
S22- ,^ 2 p. 1862, ? uls„ H Baker.of Boston. Albany Bl'dg.,Boston,
, o°A',
Mass.-(V. 80,
1922, 2456, 2463; V. 81, p. 159, 564, 901.)
-
on p|
Foundry Co.-Organiza^ 8 * lI Mar 13, P e
J °, ™
1899, per plan In V. 68. p. 233;
«Q ^
\f S;
;.
5
i2
Com and P ref stocks authorized, $15,v
nnft&J?'.! ? outstanding,
000,000 each; 7-7i'
$12,500,000 each.
TTn^Ttl^f^M
_ nC rp
^
v
-
*
-
J h
-
-
-
Dividends on preferred
Dtc.. 1899, to June, 1900.
7p.
c.
yearly.
(p. 0.)
Sept., 1900, to June,'<*.
4 p. 0. yearly.
Sept., '04.
x% P. 0.
Dec,
Since,
1«
Below.
04.
p. 0.
Outstanding
-
5g.
(?>
See
8ee
3ee
See
3,750,000 5 in
2.000,000
229,000
10,000,000 4 in
text.
text.
text
text
J.
g.
&
J. N. Y.,
Dividend.
Morton Trust Co.
See text
See 'e.\t N.Y, 3 1 Nassau St.
M. & N
N. Y., 31 Nassau St.
Boston, Co. 'a ofUoe.
Q.-J.
M. & S. Boston, Old Col. Tr. Co.
do
do
M. & 8.
Q.-J.15 Philadelphia, Office.
J. & J. N. Y., Morton Trust Co.
Q.-J. /j Check from Co.'s office.
do
do
Q.-J. ij
See text Office, 71 B'way, N. Y,
do
Q.-M.
do
a
1905 M.
6g.
5
Whom.
Payable
Cont.
-
16,080,525
9.936,500
12,500,000
12,500,000
171
B mds— PrinciINTEREST OR DIVIDENDS.
pal, when Due.
When Where Payable, anl by Stocks— Last
Rae per
$1,125,000
See text.
6g.
See text.
See text.
45 000 000 Sse text.
5,000,000 6 in 1905
17,4 85,000 7 In 1905
2,249,000
t g
1,326,000
g
36,725,000
i
J.
F.
1905 M.
&
&
&
&
&
Jan., 1906-13
July 31,
'05,
No v. 15/05,3%
Oct. 14/05, 1\
Sept. 1, 1911
Sept. 1, 1915
Oot. 14/05,2%
July
1,
1943
Oot. 14, '05, 2
Oot.l4.'05. l^
Dec. 1. '05, l
Deo. 1,'05, l\
Boston, Old Col. Tr. Co, Sept.1,'05, 2^
Aug. 1, 1918
do
do
Feb., 1906-12
do
A.
do
N. N. Y., Offloe, 49 B'way Nov. 15/05,2%
S.
J.i
1
2,000,000 20 in '04 J.
J. N.Y.,Offlce,55Cedar8t. June 30/05,10
1917-1918
Various
do
do
2,000,000
1918-1922
do
8,000,000
do
4g. Various
16,155,300
13,284,000
5 e. J. & J. N.Y.,N.Y.Seo.&Tr.Co, July 1, 1924
25,000,000 2 In 1900
Office, 42 B'way, N. Y. Apr.30/00, 1%
28,640,300 See text. Q.-J.
do
do
Oct. 31/05, 2%
On preferred in
Sept., 1904, 1*4 p. c; Dec, 114 p. c 1905. Mar., 13*
June, 13j p c; July, 1 p.
making 7 p o. for fiscal year 1904-5;
Sept., 1% p. c; Deo
On com., 1 p. 0., payable Deo. 1, 1905.
Bonds.— Underlying bonds, American Pipe & Foundry Co., $1,194,
000 6s (int. J. & J.), due 1928. V. 70, p. 87; V. 74, p. 1359.
Report.— Balanoe sheet May 31, 190 \, V. 81, p. 30 Report for year
ending May 31, 1904, V. 78, p. 595, and V. 79, p. 107, showed: Net
income. $1,107,170, agst. $1,228,724 in 1902-OJ; add surplus May
31, 1903, $853,724; reserve for working capital, $728,724; div. on
pref. (4 p. c), $500,000; total surplus May 31, 1904, $732,170.
Officers.— Pres., George B. Hayes; Vloe-Pres., Geo. J. Long; Seo.
and Treas., B. F. Haughton, 71 B'way.
p. o
;
;
,Upo,
,
Directors— Geo. B. Hayes, Colgate Hoyt, A. C. Overholt, B. F. Overholt, C. E.
Burke, E. C. Fuller, A N.Brady, George J. Long P. J. Goodhart, D. Giles,
T. C. Carpenter, B. F. HanghtoD and B. R. Thomas.
-(V. 79, p. 107, 632; V. 80, p. 169; V. 81, p. 30, 36, 1178.)
Oil Co.—See this;Seotion f or April, 1905.
United States Coal
W.
&
United States Cotton Duck Corp.—See Consolidated Cotton
Duck Co.
United States Envelope.— Incorporated in 1898 under the laws
of Maine.
Absorbed ten companies named in V. 66, p. 1003,
producing over 90 per cent of the commercial envelopes in the United
Output 17,000,000 dally; capacity over 20,000,000 daily.
8took, $1,000,000 00m., Issued $750,000; par, $100; pref., $3,750,000;
par, $100. Mortgage bonds, $2,000,000. See V. 66, p. 1003; V. 67,
Dec, 1898, paid 2 p. 0. on pref.;
p. 179. Debentures, V. 74, p. 385.
June, 1899. to Sept., 1901, inol., 7p. c per]ann. (Q-M); 1902 to Sept.,
1905, inolaslve, 5 p. 0. yearly (M & S).
Report for year ending June 30, 1905, with balanoe sheet, in V. 81,
p. 666, showed: Net profit, $532,053; int. on bonds, $131,149; pref. div.
(5 p.c), $187,500; slnk.fund, deprec etc, $158,324; bal., sur. $55,080.
Officers.— President, O. H. Hutebins; Treas., Wm. O. Day, SpringHeld, Mass.; Sec, W. M. Wharfleld, Springfield, Mass. Directors Sept.,
1905, V. 77, p. 774.— (V. 78, p. 1227; V. 79, p. 785; V. 81, p. 666.)D
United States Express.—An "association" organized under the
laws of New York State in 1854 not incorporated. Operated July,
190 S on about 30,000 miles of railroad in the United States. United
States Realty Co., subsidiary, V. 81, p. 269, 564, 977.
Dividends.) '92. '93. '94. '95. '96 to '00. '01. '02. '03. '04. 190581noe'92,p.o. S
2
4
2
3 yearly. 3^ 4
4 4
4
-(V. 73, p. 794; V. 79, p. 1026; V. 81, p. 269, 564, 977.)
United States Leather.— Incorp. Feb. 25, 1893, In N. J. In
April, 1905 over 90 p.
of both olasses of stock had been deposited
for transfer to Central Leather Co., whtoh see
The terms of exchange (all accumulated dividends inoluded) are
-—-To be exchanged for
>
Each $1 .000 Principal of- Bonds.
Pref. stock. Common stock.
States.
;
,
Pref. stock ($62,282,300)
$500
stock ($62,882, 300).... None
Common
Dividends.
In
470,844.
Douthirt, Broad
Amount
1
Pref., p. 0.
$500
None
$235
300
1895. '96. '97. '98. '99. '00 '01. '02. '03. 04.
1905.
6
1
4 4% 5
6
6
6
6 6 Inol. Apr. ,3
States Ittortgagre
Trust Co.—See page 177.
>
J
United
United States Realty
&
A:
Improvement Co.—Organization.—
Incorporated In New Jersey on May 26, 1904, and In May, 1905, had
acquired per plan In V. 78, p. 2019, $32,638,700 of the $33,198,000
oommon stock and $26,596,100 of the $27,011,100 preferred stock of
the U. S. Realty & Construction Company. See list cf assets,
etc, in V. 80. p 2340; also statement to N. Y. Stock Exc.V. 75. p.
1200. See V. 77, p. 297, 953, 2103. 2396; V. 78, p. 51. The old stook
(par, $100), received: The preferred, $42*50 In new stook and $50 In
debentures and the common stook $15 In new stook.
Securities.— Of the stock, $13,506,000 is reserved for conversion of
the bonds. No general mortgage oan be made without first securing
the principal and Interest of the debentures by mortgage. If less than
all of the outstanding debentures is redeemed at any time, the numbers
drawn shall be determined by lot.
Report.— Report for 10 months ending Apr. 29. 1905, with balanoe
sheet, was In V. 80, p. 2340, showing:
Total profits, $2,440,223;
oper. exp. and taxes, $326,943; interest, depreciation, etc, $408,451;
net earnings. $1,704,828; int. on debs., etc., $560,512; bal., sur.,
$1,144,316.
Dirbctors.- James Stillmarj, H. S. Black, C. M. Sohwab, P. A. Valentine,
Henry Budge, John W. Gates. James H. Post. Frank H Ray, Edw n Hawley,
8tephen S. Palmer. R. G. Babbage and Cortlandt Betts. officers.— H. 8.
Black, President; B. M. Fellows. Treas R G. Babbage, Vice-Pres. and Seo'y.
Office, 111 Broadway. N.Y.-(V. 80, p. 2340.)
United States Redaction Refining Co.—See page 177.
United States Rubber.—Organization and Property.— Organized under laws of New Jersey In April, 1892, for the manufacture of rubber boots and shoes, etc. Application to N. Y. Stook Exoh.
in 1892, V. 55, p. 1039; see V. 56, p. 539; V. 71, p. S45- In 1893 aoquired five additional concerns. In Sept., 1898, purchased the
stook of the Boston Rubber Shoe Co.; see V. 67, p. 905. V. 67. p. 691,
738, 802, 905. Makes two-thirds of rubber boot and shoe output of
U. 8.; V. 74, p. 733. Independent companies June, 1904, see V. 68, p.
574, 675, 725; V. 71, p. 37, 1317; V. 72, p. 92; V 73, p. 1318; V. 74. p.
100; V. 78, p. 2338. As to purchase of control of Rubber Goods Mfg.
Co. in 1905, see stock below.
Stock.— First pref. stook has preferenoe as to assets and dividends;
2nd pref. only as to dividends; bonded debt oan be oreated only with
consent of three-fourths of each of stook. See editorial May, 1893,
:
&
Supplement.
The stockholders voted on May 25, 1905,
stook from $25,000,000 to $40,000,000, and
to inorease the first pref.
to create an issue of $10 -
.
—
.
.
)
INDUSTRIAL STOCKS AND BONDS.
172
[YOL. LXXXI.
INTEREST CR DINIDENDS.
MISCELLANEOUS
Bonus
Date Size or Aniount
Par Outstanding Rate per When Where Parable, and by
of
For explanation of column headings. &c, see note on
Payable
Wh< m.
Cent.
Bonds Value.
first page of tables.
1890
1,000
1893 500 Ac
Terminal KR., 1st mortgage
0*
& E. 1st M. ($10,000,000) g.,Ce
Dtfluth & Iron Range, 1st mortgage Mp..... ....... c*r
2d mortgage, currency, red. at 105, $5,000,000. Ce.o*
Union RR 1st mortgage
Duquesne equipment trnst
Johnson Co.of Pa.lst M.,red.$100,000 Sep l.y'ly.TJa. .o
Amer. Steamship 1st M., g., gu., p. 1. end., s. f.IS cfcr
Pittsburg Steamship mortgage, sink, fund., red. par.
H.C.Frlck Co.M„!s.f.,red.l05, $100,000 y'ly July l.FPi
Pitteb. Bess. & L. Erie RR., Bess. & L. E and Dul. Mlssa
2,872,000
6.900,000
5
5
1901
1901
1902
M
p.c*
longer convertible)
o*
Non-convertible debentures, A
Union Steel Co.— See second page preceding.
y'ly.PPl.c*
St. Clair Furnace, 1st M., g., gu., $100,000
St. Clair Steel, 1st M., g.. gu., $100,000 due y'ly.lJPi^o;
Clalrton Steel, M., g., p. & 1 gu.,due $500,000 y'rly.CPi
&B
2,980,000
2,000,000
4,000,000
5
5
5
5
do
& J.
do
Jan. 1, 1910
& O. N.Y.,Ofl., Empire Bldg Apr. 1, 1918
F. & A N. Y., Colon. Tr.A Pitts. Aug., 1910-39
Jan., 1906-25
J. & J. Union Tr. Co., Pittsb'g
July, 1906 'IS
do
do
J. & J.
F. & A. Pittsburg Tr. Co.,Pltte Feb. 1, 1932
May 1, 1941
do
do
M. & N.
do
do
A. & O.
Oot. 1, 1937
do
do
Jan. 1, 1916
J. & J.
M. & S Fidelity Tit.&Tr.,Pitts. Sept. 1, 1946
M. & S. Home Tr. Co.,New Jer. Mar. 1, 1914
M. & S. N. Y..U. 8. Trust Co. To May, 1914
M. & N. 111. Tr. & Sav Bk, Chic. Nov. 1, 1920
J. & J. Union Trust Co., Pitts. Jan. 1, 1915
J. & J. N.Y.,Bk.ofAm.,or Pitts July 1, '06-'l»
under R Rs.— For other bonds, s ee text.
1,000
1,000
1,000
969,000
St. Clair
Elg. Jol.
i'.ooo
1891
1887 l.OOO&c
1896
1,000
1896
1,000
,
1894
1900
1900
<fe
be&N
903,000
4,443,000
g1,8-6,000
1,300,000
g.
Ry.- See those co mpanies
.
pref. stook.
Drvs., p. ot. '94. '95. '96. '97. '98. '99. '00. 1901. '02-03. 1904. 1905.
2 None None
2
2
2*3
Com....l
8 Jan., 1 None Below Below
8 8
lttpref \ *-8 yearly-' 6
Below
Issued in 1905
2d pref. J
Div. on 1st pref., Ik p. 0., paid June, 1904. from earns, of fiscal year
1903-4; lis% paid Sfpt.,1904; Dec, 1904, 1%%: In 1905,Mar.,l>a%;
May, 2% and H«% extra, making 8% for fiscal year 1904-5; Aug., 2%;
Oct., 2%. On 2d pref., first quarterly dividend, 1\%, pail Oct. 31,
1905. V. 81, p. 1104.
Notes and Bonds.— The funding notes of 1902 are secured by deposit
of notes of the subsidiary companies aggregating $12,000,000, and
were issued to discharge the floating debt, Including that of the
subsidiary companies. Under the trust instrument the net quick assets 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. Of the notes, $4,000.
000 have been retired, reducing amount to $8,000,000, and the balance
extended to Mar. 1, 1909. V. 74, p. 684. 733; V. 7i>, p. 1615.
The General Rubber Co., with 53 000 000 stook, the crude rubber
subsidiary, in July. 1905, sold $9 000 000 4 -9 p. c. bonds, guaranteed
by U. S. Rubber and Rubber Goods Mf>r. com' antes, of whloh $6,000,000 will be issued at present. V. 81, p. 36. 1103.
Earnings.— For 6 mos ending Sept. 30, 1905, net earnings (Sept.
estimated) were $2,005,887, against $2,104,486 In 1904.
Report.— Report for year ending Mar. 31, 1905, In V. 80, p. 1969
Other
All
Addn's Bod Balance,
Optra' g
income, interest.
10 $nr. debls,elc. surplus.
All Companies, profit*,
'
$
Fiscal year—
$
$
$
$
$
1904-5
\020,72* 161.392 1,473 462 88,852 3 %f<84 3,761,923
1903-4
69,295 1,575,641
2,642,877 187,330*1,185,271
Includes interest on loans. $1,010,932; int. on
Shoe debentures, $2 0,000; Int allowed customers, $192,530.
dividends
From the surplus as above In 1905 th»re was paid 8 p
•n preferred ($l,882,040),leaviog a balance for the year of $1,879,883
Total surplus March 31, 1S04, $2,107,219.
Directors- Samuel p. Colt, H. B. Converse. James B. Ford, J. Howard
Ford, J. D. Veraeule, Henry 1... Hotchhiss, Tester L>elan '. Fred'k M. Shepard,
Frank S. Hastings. Costeilo C. Converse, Walter S Ballou. Francis Lvnde
Stetson, Francis L. Hlne. A. N. Brady. E. O. Benedict, Willam H. True'dale
and John J. Watson Jr. President, Samuel P. C> It: Vice President. James B.
Ford; 2d vice Pre*.. Lester Leland; Sec, Samuel Norris; As»t. Sec. John l>.
Carberry: Treas., Job" J Watson Jr.; Asst. Treas. W. G. Parsons. Executive
Comm! tee, Samuel P. Colt. James B. Ford. Le3ter Leland, K. C. Benedl- 1.
Walters. Bailor and Anthony N. Brady. N. Y. office, 42 Broadway.— (V. 80,
BR
i
9.
1909.
1977, 2226, 2464; V. 81, p. 86. 159, 1104
United States Steel
)
Corporation.— Organization.— Incorpo-
rated in New Jersey on Feb. 25,_1901 ana acquired mostly per plan in
V. 72, p 441, 679 (see also V. 73. p 349), practically all the stock of
,
,
Total stock.
Total stock.
eom
$46,484,300 Amer. Tin Plate, com
i-.OOO.OOii
do
6 p. c pref.
63,260.900
do.
7 p.c. pref. 18,325,1 00
National Take, torn
)9,ooo.'>00
40,000,000 Amer.St.Hoop.com
*o
7 p. c. pref.. 40,000/00
do.
7 o. cpref.. 14,00' 1,000
Hv.000,00" Amer. Sheet St., com
National Steel, com
84,500.000
do
7 p. cpref... 27,000.000
7 p. c. pref. M. 5O0.(v
do.
Amer. BridM, cem
30.527,800 L. Snp'orCon. I. Mines
29,4 5.040
de.
7 p.c/pref... 30,627,800 Shelby Steel Tube, com
8,175. "00
Amer. St. & Wire, com.,
60,000,000
do
do
6,000,000
7 p. 0. pf.
Federal Steel,
.
'
do.
Carnegie
do.
7
Union
p.c pref. 40.000,000
$156,800.000
Steel
Co
20.000,000
1
Properties Owned.—The properties owned Dec. 31, 1904, were:
91 blast furnaces, 16 open-hearth and 16 Bessemer steel plants, 6 steel rail
mills. S5 bar, billet, etc., mills In 29 plants: 11 structural shape mills. In 3 plants;
14 plate mills, Im 6 plants; 10 plants, comprising 233 puddling furnaces; 59 merchant mills, producing bar Iron, steel, etc., In 18 plants: 39 plants comprising
4-3 hot mills, producing tin plate, etc.; 3* rod mills, in 14 plants; 21 wire olants,
21 twelded and seamless' tube plants, 25 bridge and structural plants, 25 com
plete foundries, 3i skelp mills, IM miscellaneous armor, axle, etc., works; ex
tensive Iron ore mines in the Lake Superior region, 64.V-M acres of coking coal
and 19,50-' acres ot surface and in 674 beehive coke ovens, etc. In Westmore
land and Fayette counties, Pa.; 867 bi product coke ovens at Benwood, W. Va.,
and Sharon and South Sharon, Pa 8^,762 acres of steam and gas coal lands,
etc, railroads, lake vessels, ore docks, natural gas lands, etc.
The output of the company in 1904 (see V. 80, p. 1120) is shown below.
.
Output.
Gross tons.
10,503,037
Fin.
Prod.— (Conct.)
5
5
6
5
5
6
5
5
5
8,500,000
6,732,000
1,000,000
2,000,000
1,1 50,000
1,000
1,000
1.0C0
l.fOO
000,000 of second pref. stock 111 connection with tnopuronase, through
a syndicate, of Rubber Goods Mfg. Co. stock, per plan, V. 8<>, p. 1977.
In Oct., 1905, over 67 p. 0. of the Rubber Goods Co stock had been
acquired, $5 114,800 U. 8. Rubber 1st pref. and $8,387,300 second
pref. having been issued on account of suoh acquisition. The stockholders of the Rubber Goods Company receive: Per $100 pref. an
equal amount of U. S. Rubber 1st tref.; per $100 common, $50 of 2d
<
&
&
&
J. Offloe. 42 B'way, N. Y. Oct. 31/05, 112
?1 .&S.15 N. Y., Morton Trust Co. Men. 15, 1908
F.
A. EliotN.Bk.,Bos.&Prov. Aug. 1, 1908
J Office, 42 B'way, N. Y. July 1, 1915
J.
Q.-M. N. Y., Off. Empire Bldg Do. 30,'03, **%
-
.
Bonds of Companies Controlled—
Illinois Steel debentures, (no
Due
Sloths— Last
Dividend.
$100 $8,387,300 See text.
8,000,000
1904
5,000
£ g
4.800,000
1,000
1898
5 g.
412
6.000 000
1905 l.OOO&c
100 508,302,500 See text.
100 360,281,100 7 In 1904
1901 l.OOO&e ) 292172000
t g
\
1901 l.OOO&c
5 g
(
1903 500 &o. 169,469,000
5 g
U.S.Rubber— {"on.)— 2d[pr ($10,000,000 au.),6p.e.non o.
Moo
Ooll. fund gold notes, see text
Boston Rubber Shoe Co., gold, bonds
1
red 10->
General Rubber deb.. $9,000 000 gu p. &
United Slates Steel Corporation—Com. stk.. $550,000,000
Preferred stock, 7 per cent cumulative, $400,000,000
r.„n„+ «, iur an/., aaa nnn 5 red.atll5,s.f.(text)Uso*<fer
Collat.tr.M.,$304,000,000} not red ^ 8 f <text)...o*<fcr
CoU. tr. 2d M., $250,000,000, g., s. f., red. text, Ui.o*4i
,
— Princi-
pal, when
Gross tont.
Finished structural
Iron ore
work
Pig iron, spiegel, etc.. 7,369.421
357.488
Bessemer steel
5,427,979 Plates and sheets
1,139,904
Open-hearth steel
2,978,399 Wire and wire products 1,226,610
Coke, manufactured... 8,652,293 Bl'ins.slabs, billets, etc.
932,029
All other finished prodCoal mined (not used
ucts
In making coke)
1,998,000
1,894,103
Finished Products—
Total of all finished
Bessemer steel rails ... 1,242,616
products
6,792,780
On Jan. 1, 1903, took over the entire oapltal stock of the new Union
Steel Co
$45,000,000 of new 5 per cent bonds being guaranteed,
principal and Interest. See that company on a preceding page. V. 75,
p. 1359; V. 76, p. 107, 546; V. 78, p. 1174.
In May, 1904, the Clalrton
Steel Co. was acquired, the Steel Corporation guaranteeing $10,2y0 000 bonds already issued and assuming $1,666,715 mortgages on real
estate, coal lands and raining properties.
The Crucible Steel Co.
agrees to take 120,000 tons of steel yearly for 10 years and about 80,-
A.ug.30,'05,1%
Q.-F.
do
do
Various N. Y., J.P. Morgan & Co Apr. 1, 1951
do
Apr. 1, 1951
do
do
M. & N.
do
do
Apr. 1, 1963
000 tons of
pig, on a sliding soale. V. 78, p. 1552, 2019; V. 79, p 1283.
In A> ril, 190% the Heola Coke Co. was acquired at a price reported
as about $3,000,000. V. 80, p. 1738.
8TOCK.-A8 to retirement of $150,000,000 of $510,281,100 pref.
stock, see Bonds below. Large stockholders May, 1905, V. 75, p. 81.
Subscriptions bv employees, V. 80, p. 119, 1121.
Dividends— On pref., 1% p. c, quarterly, paid Aug. 1901, to Aug.,
1905, lncl. On com., 1 p.c, quarterly, Sept.. 1901. to Sept 1, 1903, incl.;
Dec, ** p.c; none since to Oct, 1905. V. 78, d. 108, 1121.
Bonds.—The collateral trust 5 per cent bonds of 1901 were secured
by all the securities owned; $154,000,000 only (series A, O and E)
are subject to oall In whole or part at 115 per cent after Apr. 1, 1911;
a sinking fund of $3,040,000 yearly, beginning June 1, 1P02, can
purchase bonds If obtainable at not exceeding 115 and Interest and
after April 1, 1911, may be applied to the redemption of series A. C
and E bonds to be drawn by lot. In Sept., 1905, $11,785,00.) Jnot included In amount shown in table above, had been so purchased and
wt re held alive in the sinking fund. Carnegie holdings, V 77. p. 2039.
In 1903 $150,000,000 prererred stock was exchanged $ for $ for second mortgage bonds, $20,000,001) of the bonds being also sold at par in
oafeh to a sj ndioate headed by J. P. Morgan & Co. The arrangement
with the syndicate was thereupon terminated, having ensured $13,200,000 net cash for 1 inprovements. The remaining $29,000,000 bonds
available for sale for cash are held In the treasury as an asset, $1,000,000 havlrjg been Issued In part payment for the Clalrton Steel Co.
The final $i>0,000,000 (of the authorized issue of $250,000,000 2d 5s of
1903) applicable for exchange for preferred stock will not be Issued at
present. See V. 76, p. 334, 439. 545, 1147, 1200; V. 77, p. 717, 827,
1636, 2039; V. 78, p. 1173, 1786; V. 79, p. 1283.
The collateral trust second mortgage 5s of 1903 Issued as above
(V. 74, p. 584, 733, 892; V. 76, p. 545,) are next in rank and similar In form to the 5s of 1901. They are subject to call after ten
years from date at 110 and interest in whole or part (if the latter to
be designated by lot and coupon bonds to be redeemed first). An annual sinking fund of $l,0i 0.000 will provide for retirement of the
bonds. No foreclosure proceedings oan be brought for default [inpayment of principal or Interest continuing] for less than two years. In
Sept., 1905, $2,531,000 not Included in amount shown in table above
was held alive in the sinking fund.
Amer. 8S. bonds, V. 74. p. 1146; Pittsburg S. S. bonds, V. 75, p. 1305.
History of the principal properties, as given in Chronicle, may be
ascertained through index on page 166 of Inv. Sup. for April, 1902.
bonds of companies controlled not mentioned in table above:
Interest.
N. Castle Steel & Tin Plate M.
Allegh. Furnace mortgage
Amer. Sheet Steel.— Dewees >
Wood
1st
mortgage
6M.
$
&
8.
Outstanding. Maturity.
$75,000 Mar. 1, 1 90s
78,000 Aug. 1, 1911
5 F. & A.
M. &N. 2,000,000
5F
No. Lake S. S., due $10,000 > K *r *.
30,C00
5 M. A S.
yearly
Host. Conn. Ooke 1st mort ..
5 F. & A.
485,000
Host. Coke mortgage, due
.
= v
4 A.
50,000
$12,500 Aug. yearly
j
Contin. Coke purch. mon. Ms.—
Due $100,000 yearly
5 F. & A.
500 000
Due $37,000 yearly
4»o, Apr. 27
518,000
Carnegie Co. col. tr. M.
5 A & O.
43,0
Ohio Steel 1st M., part yearly.. 6 J. & D.
575,000
Bellalre Steel lt-t
6 M. & S.
3M.000
Rosena Furnace 1st
5 J. & D.
250,000
Clalrton real est etc, morts
1,280 882
Latest Earnings.— For 6 mos. ending June 30:
2fe' over
Int.,s /.,
Add'ns,
Di9. on
5F
M
'
M
Mayl, 191t
Sep ,1906-'08
Feb. 1,1942
Auf., '06-W
Feb., '06-'ll
Apr., '(j 6-* 19
Apr. 1,200*
June, '06-'08
Mar. 2, 1906
Deo. 1, 1912
,
Six
mos.
rep'rs, etc.
const
depr., etc
pref. stock.
,etc.
Balance,
surplus.
$
1905. .53,331,012 24,277,086 10,800,000 (3i«)12,609.838
1904.-32,935,957 19,246,800
(3>s)12,e09,838
5,644,088
1,079,319
Report.— Report for year ending Dec 31, 1904,
In V. 80, p. 1109, 1118; edit., p. 1082.
at lengtk
was given
1904.
1903
1902
Gross sales and earnings
$444,405,43 1$536,572,871 $560,510,47t
Repairs, etc, and charges of
subsidiary companies
371,228,909 427,401,718 426,901,71a
Net earnings
$73,176,522$109,171,153 $133,308,764
Deduct—
Sink, f of subsid. cos' bonds .
do
of U. S. Corp. bonds .
Dep'n exti. f 'ds (reg. prov'n)
Extr'y. repl't f'ds(reg. prov'n) j
Spec fund for depr'n lmp'ts.
Interest on U. S. 8teel bonds..
Deprec'n in invent.
adj'ts..
.
&
&
A
Dividend on pref stock
do
com. stook
.
$1,583,117
4,050,000
$1,598,012
$624,064
3,797,500
3,040,000
4,599,822
4,834,710
3,907,166
9,297,531
9,315,615
8,667,045 10,000,000
10,000,000
23,518,293 19,082,796
15,187,850
1,183,372
5,378,838
(7)25,219,677(7)30,404,173(7)35,720,178
(2J3) 12,707,662(4)20,332,690
undivided earnings ..
$5,047,852 $12,304,916 $34,253,657
Directors. -The directors are as follows:
Bal.,
To
J. P.
Feb., 1907.
Morgan,
Ht-nry Pblpps,
Henry H. Rogers,
Thomas Morrison
To Feb.. 1906.
Robert Winsor,
Charles Steele,
William H. Moore,
Norman
B.
Ream,
Elbert H. Gary (Chrman), Peter A. B. Widener,
George W. Perkins.
James H. Reed,
Kdraund C. Converse,
Henry C. Frick,
James Gayley,
William ISdenborn.
To Feb., 1908
Marshall Field.
Daniel G. Reid,
J. D. Rockefeller Jr.,
William a. Corey,
leorge V. Baker,
Nathaniel Thayer,
.lobn F. Dryden.
Clement A. Gnscom.
1
1
)
INDUSTRIAL STOCKS AND BONDS.
Oct., 1905.J
MISCELLANEOUS.
Date
Size, or
1899
1902
5
1,000
1,000
OB
—
5
5
Officers.— President, W. E. Corev; First Vlce-Pres.,
and Treas.. Blcbard Trimble; Comptroller, William J. Filbert.
Financk Committee.—Geo. W. Perkln«. Chairman: Henry H. Rogers. Nornan B. Ream, P. A. B. WideDer. Henry Phi ops, Henry C. Frick and Robert
Baoon, and B. H. Gary and W. K. Cory, ex officio.
(V. 81, p 604, 618, 901, 1104.)
Office, 71 Broadway, N.
Virginia-Carolina Chemical Co.— organization.— Inoorporated on Sept. 12, 1895, and acquired many successful manufactories
•f commercial fertilizers from Baltimore to Atlanta and Savannah.
V. 68, p. 431; V. 69, p. 232, 964; adv. In Chron. Mar. 4, '99; V. 72, p.444.
See application showing properties owned, etc., V. 72, p. 1186; V. 72,
p. 1191, 1285; V. 73, p. 137, 240; V. 74. p 942, 1095; V. 75, p. 81, 140,
496. The So. Cotton Oil Co., $9,991,050 of whose $10,000,000 stock is
owned, operated the cotton oil properties. See V.,73, p. 240, 137. 1365.
On Aug. 7, 1905, properties of 80. Cotton Oil Co. were transferred to
Fidelity Cotton Oil A Fertilizer Co., with $25,C00 authorized stock
and $400,000 first 4>«8. due Aug 1, 1915. See V. 81, p 671. Deoision
Feb., 1905, V. 80, p. 1001.
Stock.—The stockholders voted on July 17, 1901, to authorize an increase in the common stock from $12,000,000 to $38,000,000, the new
stook to be issued for cotton oil, etc., properties, recently purchased,
and from time to time as required; outstanding Apr., 1905, $27,984,400. V. 73, p. 36, 137; V. 75, p. 496.
The shareholders voted on May 18, 1904, to authorize $8,000,000 additional preferred stock, raising the amount to $20,000,000; of
the new stook $6,000,000, to be used to pay the floating debt and for
additional working oapltal, was subscribed pro rata by stockholders of
both classes at par. The remaining $2,000,000 cannot be issued in
excess of $400,000 In any fiscal year except on vote of a majority of
the stook. V. 78, p. 1451; V. 77, p. 355, 405; V. 78, 1503, 1970.
Dividends— (P.c.) ) 1896. '97 to Mar., '02, incl. June, '02 to June,'03
Common
>Dec, 1
4 p. 0.
5 p. c. (none since).
Preferred, 8 p.c. ) In full to Oct., 1905, inclusive (paid Q.-J. 15).
Collateral Trust Bonds.—The bonds are secured by the $9,881,800 Southern Cotton Oil stock owned and $2,209,200 of $2,219,200
stook of the Charleston Mining A Manufact'g Co. The proceeds were
asedto restore over $3,30O,0()0 cash taken from working oapltal on
account of reoent acquisitions and to provide about $3,500,000 still
iue for the properties acquired. They are subject to call as a whole
oh any interest day at 105 or for sinking fund $500,000 annually, beginning 1904, at 102 13 and interest. V. 75, p. 140, 687, 1102.
Report for year end. June 15, 1905. In V.81, p. 263, showed gross
Jroflts, $2,892,109; int. on bonds, $332,292; int. and discount, $274,86; div. on pref. (8 p. c), $1,320,000; loss on 80. Cotton Oil Co., $338.386; bal., sur., $626,848.
Officers. - President, S. T. Morgan
Seoretary, S. D. Crenshaw;
Treas., 8. W. Travers, Richmond, Va. New directors Aug., 1903, V. 77,
f. 405.-(V. 80, p. 161, 226, 875, 1001; V. 81, p. 263, 672.)
Virginia Iron Coal
Coke Co.—See page 177.
Wells, Fargo
Co.— See page 177.
Welsbach Co.— See page 177.
Westchester Lighting.—See Consol. Gas of N. Y.
Western Gas Co. (Milwaukee).— (V. 74, p. 482; V. 76, p. 653.)
Western Transit Co.— Owns piers, eto., In Buffalo, N. Y., fleet of
14 steamers (of which 8|steel) and also barges used on the Great Lakes.
T.79, p. 738. The N.Y. Cent, owns Its $1,000,000 stock— (V. 79, p. 738.)
Western Telephone Telegraph Co.— See page 177.
Western Union Telegraph.—Organized under the laws of New
York State on April 2, 1851, and present name adopted In 1856. As
to favorable decision in Oot., 1903, in olaim against Amer. Telephone
* Telegraph Co., see V. 77, p. 953, 2160; V. 78, p. 588, 1227.
Stock.—In 1892 Increased stock from $86,200,000 to $100,000,000, of
which $8,620,148 was thenpaid as scrip div. to represent surplus earnkags expended on the property and $2,630,000 still unissued.
;
Y—
;
&
&
&
)
'87. '88. '89. '90. '91.
'92.
'93toOot.,'05,inol.
5
5 5%
5 15(10so.) 5% (H4 Q—J.)
Bonds.—On June 30, 1905, the following stocks (par value) were
6 f or the collateral
bonds: Gold
Ji^g .^ Diternat. Oceantrust $1,961,500; N.& Stook Telegraph, $1,11,800;
Tel.,
Y. Mutual Tel., $2,387,700; and bonds. Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4>«s of 1900 are secured upon real
estate in New York and Chicago and provided for the $6,800,000 of 6s
and 7s due in 1900 and 1902, which have been paid off, and for construction, etc. In the event of a mortgage being made, they will be
p 3§4 ' 1203: v
« p 750; v 74 >
0.. J
2
SwTvf78.pT5SfTTSTp.IiS?'
-
-
n
-
-
Leased Companies.—Under leases the company aside from other
rentals pays Interest and dividends as below.
Lease
Int. or div.
Bonds
Company, <6c.
expires.
Amount.
% Period. mature.
Am.
Tel.
Chic.
& Cable stook.
A St.
Paul Tel. stk.
EmpireA Bay State, st'k
1932 $14,000,000 5
200
100,000 3
1989
300,000 4
1975
367,100 2i«
Franklin Tel. stock
A Stock Tel. stook.Jan.,1981
Bonds $500,notmort.,
ext. in 1 05
5
Gold
2,444,400
500,000
Illinois A M'ss. Tel.... perpetual.
1,830,150
Intern.Ocean Tel.stock.Jan.,1981
1,015,400
N.Y.Mut.Tel.stock($25)Feb.,1982
ell4,300
Mutual Un. Tel. 1st M. bonds
fl,957,00O
Northw. Tel. stk. ($50).My7,1980
2,500,000
1st mort. p. & i. guar..
1,500,000
6
4i«
4
6
6
6g.
6
4ifl
Q-M No bonds.
MAS No bonds.
Q-M No bonds.
MAN No bonds.
Q-J
MAN May 1.1910
None.
J&J
Q — J No bomls.
MAN
AJ
J AJ
May,
1911
Jan.,
1924
J
J.
J.
g.
A
A
A
A
8.
Dividend.
F.
5
g
-
6
5
A J
Q.-J.
J.
J.
§*
M.
J.
g.
A
A D
A J
A N
A J
June
Tr. Co.
1,
1930-
N.Y., Grand Cent.Stat'n Feb. 1, 1923
N. Y., Office, 195 B'way. Oct. 16,'05,li4
do
do
do
do
Jan.
May
Pittsburg, Pa.
Q.-J.
Q.-J. N.Y., Office, 113 B'way
do
do
Q.-J.
N. Y. Merc: Trust Co.
J. A J
J.
g.
10 in '05
Mch. 1, 1949
do
Jan. 1, 2003
51 B'way. Julyl5,'05,4%
243 Wash. St., J.O., N.J. Aug.l, '05, 2i*
Old Col. Tr. Co., Boston. Jan. 1, 1933
.T.
413 g.
.-0 in '05
10 In '05
10 in '05
i
6
do
N. Y., Office,
D. Phil. Prov. L.
J.
3H>
5 In 1905
N.Y., Bk. of Manhat.Co.
J.
J.
& A.
A J.
F. A A.
Q.-J.
A J.
M. A N,
1905
5g.
5 in
Me
Sec'y
M.
g.
g.
8 In 1905 J.
,
Since '86, p.
wd en Dae.
.S7'ffc»-Last
Wnoni.
Payable
543,000
6,155,000
2,000,000
100
8.000,000
6,575,040
1900 100 Ao
100
1,250,000
100 16,000,000
100 16,000,000
1902
9,857,000
1,000
1884
1,500,000
1,000
100 97,340,606
1888
8,504,000
1,000
1900 l.OOOAc 20,000,000
50 10,990,450
50 20,996,3^0
50
3,998,700
2,679,000
1898
1,000
See text.
i",6bo
850,000
1898
Walker Co. 1st mortgage (see text)
50
5,000,000
Westinghouse Machine— Stook to be $10,000,000
315.000
18P5
1,000
Mortgage, due $35,000 yearly
1899
1,000
1,185,000
Debentures, $1,500,000, gold, redeem by lot at 105.
1,000
1,000,000
Westingh F*ndry, 1st M., gu., due $50,000 y'ly,beg.'07 1902
1,000
1,020,000
WUkes-Barre Gas dt Elec.-lst con.jM., red. 110, text.C&r 1905
Dividends.—
honus— Principal,
by
Checks mailed.
Junel,'03, 1H
$100 $27,984,400 See text. Q H.
Q- -J. 15
do
do
Oot. 15,'05,2%
8
100 18,000,000
5g. A. A O NY., Central Trutt Co Oot. 1, 1912
6,000,000
1,000
1902
James Gayley
173
INTEREST OR DIVIDENDS.
per Wh*n Where Payable, and
Amount
Par Outstanding Rate
of
For explanation of column headings, Ac., see note on
Cent.
Bonds Value.
first page of tables.
Tirginxa-Carolina Chemicals- Stock, oom., $38,000,000.
Pref. (also as to assets) 8 p. c, cum.. $20,000,000 auth.
Col. tr. M.,g., red. 105, sinning fund, see text.Ce....o*
Virginia Iron Coal dt Ooke— Underlying bonds (see text)
Va. Iron Coal & Coke, 1st M., g., $10,000,000 Ma...o*
Va. A Bouthw. Ry., 1st M., $2,000,000, gold, gu.Mo.o*
..
Wells, Fargo <t Co.— Stook
WcUbach Oo.—CoU. trust mort., gold, $7,000,000, s. f
West'n Anthracite Goal <t Ooke Oo — Pref. stock, 7% cum
West. Telephone <t Telegraph— Com. stook, $16,000,000..
Pref. stock, $16,000,000, 6 p. c, oum. after 2 years....
o*
Collateral trust gold bonds, $10,000,000.
Western Transit Co.— Bonds, gu. by N. Y. C. ext. In 1903
Western Union Telegraph Stook
o*
Collateral Trust bonds.Me
Fund'g and real estate mort., $20,000,000, gold.F.o<fcr
Westinghov.se Air Brake— Stock, $11,000,000
Westing house Elec. dt Mfg.— Assent, stock (V. 71 p. 1274)
First pref. ($4,000,000) stock, 7 p.c, oum. (see remarks)
Debenture certificates, $3,500,000, gold (see text).
New deben. certificates. $15,000,000, red. 105 (see text)
;
:
.
1,
1,
1938
1950
Oot. 10,'05,5%
Oct. 10,'05,2i«
Oot 10.'05,2i»
July
1, 1913
20 years.
Jan. 2, 1916
N. Y., Central Tr. Co.
East Pittsburgh, Pa. Oot. 10,'05,2»4
Fid.Tit.ATr.Co. Pittsb June, 1906-14
do
1, 1919
May, 1907-27
Jan. 1, 1955
do
July
Colon. Tr. Co., Plttsb'g
Fidelity Tr. Co., Phila.
Amount. Int. or div.
Ltase.
Bonds.
4
541,850
No bonds.
($25). 99 years
558,575
5
No bonds.
($25). 999 years
On June 30, 1905. the co. owned in addition to the above amouats: Franklin
Tel., $fl;i2,800; (iold & Stock Tel., $2,555,600; Int. Ocean Tel., $1.984,mi0; PJL & Miss.
Tel.. «100,350; Pacific & At. Tel.. $1;468.1E0; Southern & At., $300,475.
Company,
Pao.
8ou.
dtc.
JAJ
AAO
A Atl. stook
A Atl. stock
Also owns througti collateral
trust, viz..
e $3,387,700;
t $3,043,000.
Latest Earnings.— Revenue for 3 mos. ending Sept.
30,
1905
Dividends.
Bal., sur.
$331,300
$1,217,021
1905 (est.)
$351,679
2,068,00'i
297,550
1,217,020
1904 (aotual)
553.435
Total surplus (estimated) Sept. 30,1905, $16,325,888.
Annual Report.— Report for 1904-05 was in V. 81, p. 1173.
1904-05.
1903-04.
1902 03. 1901-02.
Net revenue.
$1,900,000
3 mos.
Interest.
Tear ending June 30.
$
$
$
$
Revenues for the year.... 29,033,635 29,249,390 29,167,686 28,073,095
Oper.exp'8,rent..t'xes,Ao .21 ,84%570 21,361.915 20,953,215 20,780,766
Remainder
7,188,065 7,887,475 8,214,471 7,292,329
Dividends paid
4,868,084 4,868,071 4,868,050 4,868,031
1,227,200 1,157,700 1,077,700
992,580
Surplus
1,092,781 1,861,704 2,268,721 1,431,717
Miles of Miles of No. of
Year. PolesAC'bl's. Wire. Offices. Messages.
Receipts.
Profits.
1866-67... 46,270
85,291 2,565 5,879,282 $6,568,925 $2,624,919
1892-93. ..189,936
769,20121,078 66,591,858 24,978,443 7,496.037
1903-04... 199.350 1,155,405 23,458 67,903,973 29,249,390 7,887.475
1904 05... 100,224 1,184.557 23,814 67,477,320 29,033,635 7,188,065
Office, 195 Broadway, New York City.— (V. 81, p. 921, 1173.)
Westlnghonse Air Brake.—Organization, Etc.— A Pennsylvania corporation. V.67,p. 843, 1065. Owns $850,000 of the $2,500,000
stook of the Canadian Westinghouse Co., Limited V. 77, p. 1307.
Stock, formerly $5 ,000,000, was increased to $11,000,000 in July,1898,
$5,000,000 being distributed as a 100 per cent stock dividend.
Dividends.— )
to 1898 1899. 1900 1901 to 1903 1904
1905
Percent
20yearly. 25
30
24
21
{
20
In 1904, Jan., 6 p. c since to July, 1905, 5 p.c. quarterly.
As to litigation with N. Y. Air Brake Co., see V. 69, p. 181, 442
V. 70, p 636; V. 73, p. 1365; V. 75. p. 1359; V. 79, p. 217; V. 80. p.
2464. Report for year ending July 31, 1905, was in V. 81, p. 973,
showing Gross, $7,958,568; net profits, $2,958,779; div. (20%), $2.198.215; bal., eur $760,564. N.Y. office, 11 1 Broadway, N.Y.— (V. 79,
p. 217, 632, 1265; V. 80, p. 2464; V. 81, p. 973 )
Interest
(5 p. 0.)..
on bonds
,
:
,
Westinghouse Electric & manufacturing Co.—Organization.—A Pennsylvania corporation manufacturing appliances used
for electric lighting and power purposes. Statement to N. Y. Stook
Exohange was in V. 54, p. 763. The oompany owns exolusive rights
to the Tesla patents on alternating currents.— V. 61, p.25, 153. In
March, 1896, an agreement was made with the General Electric Co.
See V. 62, p. 502, 635, 1040; V. 68, p. 1024; V. 80, p. 1487.
In Sept., 1898, purohased substantially entire oapltal stock and all
but $850,000 of the $2,500,000 20-yr. bonds of Walker Co. V. 68, p. 87.
British Co., V. 69, p. 232,802; V.73,p.lll4; V.75,p.l414; V.76,p.l089;
report. V. 78, p.987. Canadian Westinghouse Co., see V. 77, p. 302, 1307
and official statement, V. 79, p. 624.
Capital Stock, Etc.—Stook authorized is $25,000,000, increase*
from $15,000,000 In Feb 1901, $3,000,000 of the new stook being,
sold to stockholders at $55 per $50 share. V. 72, p. 631. In 1903
stookhol ders subscribed to $4,500,000 and in July, 1904, to the remain
lng $2,473,200 assenting stock at $80 per $50 share, the proceeds t»
be used for extension* and working oapltal, increasing the outstand,
ing amount to $21,000,000. V. 76. p. 1089; V. 77, p. 827; V. 79, p.
275, 632. The first preference stock carries cumulative dividends
of 7 per cent per annum, with right to participate equally with other
stook after the same shall have received 7 per cent, and preferential
as to principal. See preferred certificate In editorial of May, 1893, Sup.
As to the debenture certificates of 1898 see V. 67, p. 324, 691.
Sinking fund of $150,000 yearly from 1900 to pay off debentures at
105, to be drawn by lot. No lien is to be placed on property without
providing for debentures. V. 67, p. 1112.
In Oct., 1904, an Issue of $15,000,000 twenty-year 5 per cent debenture certificates, subject to call at 105, was authorized, to provide
for additional working oapltal and future requirements; none issued
to Oct., 1905. V. 79. p 1957.
In Dec, 1903, $2,000,000 three-year 6 per oent notes and in 1904
$4,000,000 three-year 5 per oent notes, dated Aug. 1, all subjeot to
payment before maturity (the latter at par and 2 p 0. yearly for unexpired time) were sold. V. 79, p. 275, 511; V. 78, p. 51.
1J-02 to
1189 J to
July,
Since to
Drvs.-P.o. (1899
1900. 1901.
May .'03.
Oct., 1905.
1903.
Preferred,.
7
7
2^ 10 yearly (Q-J)
7
7 yearly.
Assenting. J
5\
6 1*
7 yearly.
Ik 10 yearly (Q-J)
Annual Report.- Fiscal year ends March 31. "Net earnings" for
3 mos. end. June 30, 1904, were $668,268. BaL sheet June 30, 1904,
V. 77, p. 628; V. 79, p. 1026.
Sales In 1902-3, $23,899,492, against
$19,975,958 in 1901-2; net earnings, including subsidiary co's. (approximate), $4,650,000. V. 76, p. 1089. Business May, 1904, V. 78, p. 1970.
Directors.—Brayton Ives (Chairman of the Board), Ph. Ferd. Kobbe,
A. N. Brady, N. W. Bum stead, Fratik H. Taylor, H. H. Westinghouse,
G. W. Hebard, James H. Hyde, E. M. Hen, Geo. C. 8mlth and George
Westinghouse. President, George Westinghouse; Vice Pres., E M. Hen,
Frank H Taylor. L. A. Osborne and Newcomb Carlton Treas., T. W.
Slemon; Secy., Charles A. Terry. N. Y. office is at 111 Broadway.— (V.
80, p. 2464.)
Westlnghonse machine Co.—See page 177.
WUkes-Barre Gas Electric Co.—See page 177.
|
;
&
:
:
INDUSTRIAL STOCKS AND BONDS.
174
Alabama Con«olldated Coal & Iron Co.—Organization.—
Incorporated in N. J. Julv 18, 1899. Acquired Iron and coal properties
near Birmingham and Gadeden, Ala. In Feb., 1905, the International
Power Co. acquired oontrol. V. 80, p 653
Dividends.— Dlv. on common. 1 p c, paid Oct , 1903; none Bince.
On pref Feb , 1900, to Nov.. 1900, 1% p. o. quar.; Maroh, 1901, to
Sept., 1905, lh p. o. qnar. (Q.-M
8TOCK& BondsPar. Inter tit. OuUtand'g. Maturity.
Date.
...$2,500,000
Common stock
$100
7Q-M 1,250 000 Sept. 1,'05 1\
Pref stock. 7 p.c cum.
100
490 000 May 1. 1911
lstM, red aft. May. ) 1901 1,000 6 MAN
1906, at 105, s. t ... \ iDt. at Union Trust Co.. St. Louis, trustee.
l.v50,000 May 1,1933
Consol col., $3,500,- > 1904 1,000 5g.M&N
C Interest at International Trust Co., Baltimore.
000. gold
Of the consol collat. 5s of 1904 $i..*00 000 has been issued in exchange for $1,250 000 preferred stock and working oaoltal. per plan
V. 79. p. 10&, $1 2^0 000 has been c»nceled, $490,000 is reserved to
take up old 6s and remaining $260,000 for future purposes.
Earnings— For the 6 mos. ending April 30, 1905. net, $336,744
bal. over charges and dividends on pref. stock $235,493.
Report.— Report for year ending Oct 31, 1904, in V. 80, p. 1172.
showed: Gross, $ 2,729 026; net *192 491; charges, *136,8 .4; div on
pref (7%). $l?3.12o; bal.. def., $97 488.
Officers— Pres., T. G. Bush; Vfce-Pres., J. H. Hoadley; Sec and
Hoagland. Office, Birmingham, Ala.; N. Y, office, 74
Treas., W.
Broadway.- (V. 80, p. 6 3, 873, 1172, 2400.)
;
.
M
American Cement.— A
consolidation in 1899; incorp. in N. J.
Controls Reliance Portland Cement Co.,
havlne: $500,000 common and $300,000 7 p. c. pref. stock and $t00,
000 first mortgage 6 i». c 20-year p. f. bonds, int. on bonds, sink, fund
($15 000 vearly) and dividends on pr^f. guaranteed. V. 80. p. 2221.
Dividends 1900 to 1903, both incl., 8 p 0.
Stock, $2,000,000.
yearlv (2 extra); 1904, 7 p. o. (1 extra) 1905, 6 p. c. (J & J.) Report
for 1904. V. 80, p. 165 Bonds, $792,000 1st mort. and coll. tr. gold 5s,
due Oct. 1, 1914, s. f. $30,000 yearly int. A. & O. at Girard Trust Co..
Philadelphia, trustee. President, Robt. W. Lesley; Treas.. Frederick J.
Jiggens, 42 So. 15th 8t.. Phila. Seaboard Cement Co., see V. 77, p. 252,
2392.-(V. 77, p. 252; V. 78, p. 285, 2387; V. 80, p. 165, 2221.)
Prospectus, V. 69,
p.
1249.
;
;
American Coal.—Mines at Barton and Lonaconing, Md. Incorporated in Maryland; re-Incorporated in 1903 in New Jersey. V. 80, p.
118. Stock, $1,500,000; par, $25. Divs. (M. & S.) 1894, 6*3 p. c; 1895,
1905, incl., 10
7; '96, 8; '97, 8; '98, 9; '99, 10; 1900, 9; 1901 to 8ei<t
For year ending Dec. 31, 1904, gross earnings,
p. o. yearly (M. & S.)
$748,206; net. $187 300; dividends (10 p. o.), $150,t00. Office, No. 1
,
Broadway.- (V.
&
American Iron
Steel Manufacturing.— In Aug., 1899, absorbed properties at Reading and Lebanon, Pa. See list in statement of April 30,1900. V. 71, n. 180. In 1901 the North Reading
Works were sold.. V. 74, p. 57tt. Stock, common, $2,550,000 as reduced Feb., 1905, per plan V. 79, p, 2644; pref 5 p. o. cum., $3,000000; parof shares, *50. Divs. on pref., Jan., 1900, 1 23 p.c; Apr.. 1900. to
July, '05,1>4 p.c, O.-J. On com., 1900, $1 pershare; 1901, 55ots.; 1902,
Jan., 29, 15 ots.; May 28, 15 cts. First dlv. on reduced common stock,
2 p. c, paid April 1, 1&05; July, 2 p. j.; Oct., 2 p. c. No bonds. Report
for cal.5 year 1904, In V. 80, p. 709. Office, Lebanon, Pa.— (V. 80, p.
,
1176.)
American Light 4c Traction Co.—Organization.— IncorNew Jersey May 13, 1901, by Emerson McMillin and asso-
porated in
and acquired the following lighting and traction companies per
terms in V. 72, p. 724, 871, 987; V. 73, p. 235, and V. 75, p. 343. All of
the stock of the Grand Rapids, Madison, St. Joseph, St. Paul and
Blnghamton (N. Y.) Gas Works is owned, and at least 97 p. c of the
stock of each of tbe remaining properties named below. In June, 1905,
Western interests reque-ted options on $3,000,000 preferred and
$2,0:0,000 common stock. V. 80, p. 2619.
ciates,
'lot. stock
Outstand'o
istufd.
bonds.
$4,000,000 16,000,000
Grand Rapids (Mich.) Gas Light Co
1,000.000
1,825,000
Madis mVVlh.) OusA Electric Co
400,000
460,0001
St. Joseph (Mo. Gas Co
l.OOo.OOO
1,000.000
St. Paul (Minn.) Gas Lt.Co.(V.77. p. *282)... 1,600,000x8,883.000.'
Blnghamton (N. Y.) Gas Works
460,000
628.000J
Consol.GasCo.of N.J.(LoDgBranch.N.J.). 1,000,000
971,000
"Vestern Gas Co
1
W
V.
74, p. 482.
V. 64,p.6rt2.
See pane
179 of InVE8TOR8"
Scpplbm'T.
V. 76.p.344.
ST KY
Bonthern Light & Traction Co
2.600
6 000 {
x See also 1750.000 St. Croix Power Co. guaranteed bonds, V. 78, p. 1014.
Stock.— Authorized, common $15,000,000; pref .6 p.c cum., $25,000,000. of which $9,396,900 pref. and $4,680,800 common outstanding.
.
0™
-
-
,
Dividends.- Pref ..Dec.2, 1901, to Nov.,1905, 6 p.c. yearly (paid Q.-F.)
Dlv. (seml-an.) on common, l^ p. c, Nov. 1, 1904; in 1905, May, l»s%;
Aug. and Nov eachjl p. 0. (quar.)
Earnings.— For the 6 mos. ending June 8f
6 mos —
Earn*.
Xtt uroflt. Pf d»t>.. 6*.
Com. div.
Bal sur
,
,
1549.(81
496.824
$632,681
463,824
$*81.907
8*1,907
094%)$81,918
(
fe») 86,106
Refort.—Report for calendar year 1904, V. 80, p. 1477.
Other
Oat. Dividend*
Preferred
Ocmmon
year, received, income. Expentet. dividend.
dividend.
$
$
$
$168,761
186,311
Balance,
turning.
$
ft
1904.1,007,001 144,503 18,993 (6%)563,814 (2\%)105,318 463,379
Hft
970,479 110,371 30,539 (6%)553,060
........ 497.251
Emerson McMillin; 8ec, and Treas.. S. J. Glass. N. Y.;
offloe, 40 Wall Street. Directors, V. 73, p. 235.— (V. 81, p. 660.
American Llnaeed.—Organization, Etc.— Incorporated on Dec
5, 1898, under the laws of New Jersey, as a consolidation of the
National Linseed Oil Co., etc V. 67. p. 1161; V. 69, p. 697. 8ee V. 71,
p. us. For list of plants, etc, see V. 70, p, 631. Com. stock authorlied, $16,750,000, all outstanding; pref. stock as in table. In June,
1901, Standard Oil Interests acquired a majority of stock. V.76, p. 216.
Dividends.— On pref., June 15. '99, to Sept., 1900, 10>«%; none since.
Report.— Report for year ending July 31,1 901 was In V. 73, p. 662.
955, showingloss from operations of $1,402,491. Pres., John A. MoGean; Sec, W. A. Jones. Directors Sept., 1904, V. 73, p. 555; V. 75
p. 550; V.79, p. 1267. Main offloe, 100 William 8t.,N.Y.— *V. 79, p. 1267.)
1903.
Pres..
,
American Sewer Pipe Co.—Organization.—Inc In N. J. on
Feb. 17, 1900, as American Clay Mfg. Co. as a consolidation of 32 vitrified drain-pipe and 2 paving brick plants said to control from 60 to 75
per cent of the Industry, and name changed, Feb. 1, 1901. For list,
etc, see V. 70, p. 482, 688, 874. The bonds are subleot to oall at 105
and Interest up to $100,000 yearly. See V. 70, p. 688; V. 78, p. 2601
Stock, $8,000,000, as reduced Mar., 1903; outstanding, $7,805,700;
par, $100. Balance sheet Dec. 31, 1904, V. 80, p. 1055.
Divs 3 p. o yearly (% p. c Q J) July. 1904. to Got.. 1905, both lnol.
Officers.— President, Fiank N. Kondolf, Pittsburgh, Pa.; Secretary;
Thomas D. Brown, New Brighton, Pa.; Treasurer, W. B. Gouoher,
Pittsburgh. Direotors June, i904, V. 78, p. 2601. Offloe, Pittsburgh,
a -(V. 78, p. 2601; V. 80, p. 999, 1055.) .
,
American Soda Fountain.— Formed in '91 in
Common,
N. J.— V.66,p.382.
$1,250,000; 1st pref., 6 per cent, cum.,
$1,250,000; 2nd pref., 8 per cent, com., $1,250,000; par, $100.
On Oct. 1, 1904, notes ana aoooants payable, $884,235.
Dividends.— On preferred in full to Nov., 1896, Incl.; In 1897 to 1899
Inc.none; Nov., 1900, 3 p. o. on 1st pref.; 1901 to 1904, both inclusive,
6 p. o. yearly on 1st pref., leaving accumulated dividends unpaid of 21
p. c on 1st pref. and 64 p. o. on 2d pref. On com., none since 1896.
Report.—No report in 1904. Report for year ending Aug. 31, 1903,
V. 77, p 2035, showed profit, $125,274, against $108,589 for 1902.
Pres.. James N. North. N. Y. office, 449 First Ave.— (V. 79, p. 2590.)
Bay State Gas Co.—Its equity (see Sttpp. of July, 1902,) in certain
Boston gas companies was sold at foreclosure tn 1902 and the stocks
bought In for the Massachusetts Gas Companies, per plan In V. 76,
p. 104, 161; V. 79, p. 735; V. 80, p. 999.
Stock outstanding:
IflllH. Co.— Organization— Incorporated
N.J on Apr. 24, 1899. V. 68, p. 821; V. 69, p. 1195; V. 74, p. 97,
579 V. 76, p. 656. Stock, all outstanding, common, $17,500,000;
pref., 6 p. c oum., $7,500,000, subject to oall at 110 after 3 years from
Issue (if less than the whole to be paid, the number of shares to be
drawn by lot); par of shares, $100 each. Dividends on pr*-f. to Sept.,
Borden's Condensed
In
;
1905, inclusive, 6 p. c yearly (Q.-M.). paid at N. Y. Security & Trust
Co. On common, in 1902, 8 p. c; 1903, 8 p. c, and in Dec, l>]p, c
extra; 1904, 8 p. o.,"and51n Dec, 2 p. o. extra; 1905, 8 p. c. (F. &A).
No bonds. President, William J. Rogers: Vice Pres.. S. Frederlo Taylor; Treasurer, F. D. Shove; Sec. Walter M. Gladding, 108
Hudson St., New Yoru.— (V. 76, p 656; V. 80, p 873.)
Brunswick (Ga.)Dock A
City Improvement Co.— Successor
Brunswick Co. per plan in V. 65, p. 326; see also V. 66, p. 1034.
Official statement showing properties, etc., and bal. sheet Mar. 31,
1905, V. 81, p. 612. Stook, $5,000,000. Pres., Henry E. Howland, 35
Wall 8t.; Sec & Treas., G. A. Kraetzer Jr., 20 Broad St., N. Y. (V. 76, p.
1357; V. 81, p. 612.)
Butterlck Co.— Organization. -Incorporated in New York on
Jan. 15, 1902.
Owns stooks of various cos. publishing fashion magazines, manufacturing paper patterns, etc. See official statement, V.
to
75, p. 237. Stock, $12,000,000, all outstanding. Div., 1 p. o. quar. paid
Sept., 1902, to Sept., 1905, both incl. Underlying bonds, $1,200,000
Federal Pub. Co. collat. 6s, due 1920, payable 10 p. c yearly, beginning 19! 0, of whlob $600,000 has been retired, and $600,000 Butterlck Publishing Co. 4*3 p. 0. real estate mortgage, maturing Sept. 7,
1909. V. 79, p. 1706. Report for calendar year 1904, in V. 80, p.
1927, showed earnings of operat'g cos., $645,057; divid., $480,000;
bal., sur., $165,057.
President, G. W. Wilder; Treas., C. D. Wilder;
Sec, R. S. O'Loughlin, Butteriok Bldg Spring and Maodougal Sts.,
N. Y. Clty.-(V. 79, p. 1706; V. 80, p. 1727.)
Central Union Telephone (Chicago).—This oompany oontrols
the Bell Telephone business in Indiana, in Ohio with the exoeption of
Cleveland and Cincinnati, and in Illinois exoeptlng Cook and four other
oounties.
majority of the stook is held by Amer. (Bell) Telephone
Toleg. Co. Subscribers Jan. 1, 1904, 153,331. 8took outstanding Apr.,
1904, $5,450,927. V. 73, p. 901. See V. 72, p. 1190; V. 73, p. 618;
V. 81, p. 213
Of the $6,000,000 10 20-year gold consol. 5s due Jan. 1, 1919 (Old
Colony Trust Co. of Boston, trustee), $2,500,000 are reserved for 1st
6e subject to oall at 105 after July 1, 1906 (111. Trust & Savings Bank,
trustee). V. 73, p. 446; V. 68, p. 379, 472, 570 ; V. 71, p. 86.
See
also adv. In Chron. of Mar. 25, 1899. Report for 1903 in V. 78, p. 341
(Deo. estimated), showed: Gross earnings, $3,181,120: net, $754,948;
Pres.. L. G. Rlohardson, Office
int., $438,796; bal., sur., $316,152.
to be at Indianapolis.— (V. 76, p. 1251; V. 78, p. 341; V. 81, p. 213.)
Organized at
Columbus Hocking Coal Iron
Columbus, O., Jan. 26, 1883, and owns large ooal andiron properties
See V. 44, p. 278; V. 63, p. 559.
(13,250 aores of land) in Ohio.
Organization.— Reorganised in 1898 without foreclosure per plan
In V. 65, p. 976, Interest being reduoed from 6 to 5 per oent.— V. 65, p.
367, 976; V. 67, p. 28— see end't on bond V. 66, p. 81. Stook common,
$7,000,000 (par $100); outstanding, $6,925,600; balance reserved to
retire $18,600 remaining 5 per oent pref. stock. V. 72, p. 1185. Dividends on common stock, iaj>. 0. Deo. 1, 1902; 1903, Ht p.c; Mar.,
1904, 14 p. c; none elnoe to Oct., 1905. V. 78, p. 2387.
Report.— Report for year 1904-5, V. 80, p. 2342.
Net.
Oross.
Oharget. Div.onwm.
Balance.
Ir.toMar. 31.
.
80, p. 653.)
American Crass Twine Co.— Organization.— Incorporated in
Delaware on June 8, 1899. Official statement showing properties
owned, V. 73, p. 1262; V 74. p. 96; V. 75. p. 31, 187, 1305; V. 77, p. 1295.
Stock, $15,000,000; par. $100. Dividends, 1902.3% p. c; 1903, Jan.,
2*4 P- c: none since. In Jan., 1905, about $650,000, representing unearned dividends paid by former direotors, was paid into the treasury.
V. 80, p. 224. Underlying bonds, $36,000. Wisconsin Grass Twine 6s,
due Jan. 1, 1907. New directors. Mar., 1905, V. 80, p. 1113. Pres.,
Solomon Turck; Vioe-Pres., Henry M. Cohn; Sec, Frank G. Noble, 377
Broadway, N. Y.— (V. 80, p. 1113.)
1804 06
1803 04
[Vol. lxxxi.
&
A
A
A
Company.—
$72,822
df.$39,500
$341,997 $33,322
76,680
69,004
sur.3,019
543,800 148.703
President. N. L. C. Kachelmaoher, Columbus, Ohio; Vlce-Pres., L. C.
Latbrop; Sec and Treas., A. L. Thurman. N. Y. otlloe. 37 Broad St.
1904-05
1903-04
Directors,
May, 1905, V.
78, p. 1964; V. 80, p. 1974,
2342.
Cumberland Telephone A Telegraph.—Organized
In
Ken-
tucky In 1883, and operates under perpetual and exoluslve license
from American Bell Telephone Co. through the entire States of Mississippi and Louisiana, the greater parts of Tennessee and Kentucky,
and a few oounties In Indiana and Illinois. Am. (Bell) Telep. A Teleg.
Co. owns $7,004,100 of the stook. Subscribers Sept. 1, '05, 132,125.
Stock.—Stockholders were offered the right to subscribe pro rata at
par on or before Feb 1, 1905, for $1,754,300 new stook, payable In
four equal Instalments on Feb. 1, April 1, Jaly 1 and Oot. 2, 1905, or
optionally in fall at once, raising the amount outstanding to $13,449,650. V. 79, p. 2798.
Dividends.—From 1892 to 1897 both inclusive, 4 p.c; 1898, 5; 1899,
6; 1900, 6; 1901 to Oct 1905, 7 per an. (\\ p. 0. quar.)
Bonds.—These consist of $850,000 first 5s (see table above); $239,000 20-year deb. 5s (int. F&A), due Feb. 1, 1920, but redeemable at
par, Issued for purchase of People's Telephone Co. of New Orleans;
$150,000 East Tennessee Telephone gold 6s (int. JAJ). due July 1,
1918, and $16,000 Ohio Valley Tel. gold 6s (lnt JAJ), due Jan. 1. 1908.
Earnings.—7 months. 5 1905... Gross, $2,620,589; net, $1,002,873
Gross, 2,273.853; net,
918,217
Jan. 1 to July 31.
\ 1904
Surp. over ohgs., $849,437 in 1905, against $772,464 in 1904.
Report.— Report for year 1904, inv. 80, p. 2396, showed: gross,
4,027,1 17; net above fixed oharges, $1,174,167; dividends (7 p. c),
f 818.674; balance, surplus, $355,493. General offices, Nashville,
Tenn.— (V.i.78, p. 817; V. 79, p. 2798; V. 80, p. 714.)
Electric Co.—Organization.— Incorporated In
Denver Gas
Apr.. 1899, as a consolidation of the Denver Consolidated Gas and
Denver Consolidated Electric Companies. Stook, $3,500,000; par,
$100. Reorganized in 1903 per plan, V.76, p. 812. See V. 78, p. 585.
In Nov., 1904, friendly Interests purchased a majority of $220,000
,
A
Dec-Highlands Eleo. Co. stook. V.79, p. 2459.
Bonds. -Prior lien 15-year gold 6s, due April
1, 1918, $1,000,000
($1,000 eaoh), all outstanding, subjeot to call at par after 5 years. Int.
A.&O.; Bankers' Trust Co., N. Y., trustee. General mortgage gold 5s,
8,000.000 authorized, of which $2,580,000 outstanding ($1,000 eaoh)
f ated May 1, 1903, due May 1, 1949, but subjeot to oall on May 1,
1908, at par, May, 1909, at 101, May, 1910, at 102, May, 1911. at 103,
May, 1912, at 104, and May, 1913, or any Interest day thereafter, at
&N.; Trust Co. of America, trustee. Of the general 5s,
105; int.
$3,260,000 are reserved te retire $1,000,000 new prior liens, also
Underlying bonds, viz.: $1,600,000 Denver Consol. Gas 20 year gold 8s, due
Nov. 16, 1911, Int. J.-J. at Emerson, McM. & Co., N. Y„ subjeot to oall at 10S;
135,000 Denver Consol. sold deb. Bs, due Oct. 1, l9il; $' 0,0 >0 Denver Consol.
Eleo. 1st gold Os, due Jan. 1, 19io, subleot to oall; Rollins Investment Co, of
Denver Is trustee, Int. J.-J., at Chemical Bank, N. Y.; $150,"00 Western Bleotrical Construction Company 1st gold Is, due October 4, 1915, Int. A.-O., at
Mercantile Trust Co., of Boston, of which 1-5,0 jo subjeot to call iwud-lu at 102
and $75,0' i0 In 19i 115 at 101.
Chairman. Emerson MoMillin, 40 Wall St., N. Y.— (V. 80, p. 2460.)
M
INDUSTRIAL STOCKS AND BONDS.
Oct., 1905.]
Denver Union Water.—A consolidation Oct., '94. Franchises
rnn until 1910. Owns the water works and water supply of the city
Of Denver, Col., and vicinity. Capital stook is $5,000,000 common
and $2,500,000 of 5 per cent non-oumulatlve preferred. First dl /ldend
on common and preferred stocks of 5 p.c, paid Apr. lo, 1905, at Farm
ers' Loan & Trust Co., N. Y. Bonds, $8,000,000. The South Platte
Canal & Reservoir Co., whose stook is all owned, completed a new
reservoir in 1901; Its $4,000,000 authorized five per cent bonds are
fuaranteed; the latter are subject to oall at 105. between April 10,
910, and April 9, 1911. V. 78, p. 231, 289. See table on a preceding page. Litigation, V. 77. p. 198. President. W. S. Cheesman;
Treasurer. D. H. Moffat.-(V. 78, p. 289; V. 80, p. 1114.)
Electric Boat Co.— Organization.— Incorporated In New Jersey
on Feb. 25, 1899, and acquired all of the capital stock of the
Electric Launoh Co., the Holland Torpedo Boat Co. and the Electro-
Co., etc. V. 69, p. 697, Par, $100. Issued, common, $4,999,Div. on pref.,
V. 69, p. 697.
600; pref. 8 p. o. non cum., $2,587,500.
2 p. o. Q -J., paid Oct.. 1903. to July, 1905, both incl. President, I. L«
Rfce; Sec, Robt. Mo. A. Lloyd, 11 Pine St.-(V. 77, p. 513.)
Empire Steel 6c Iron Co.—Inoorp. In N. J. 1899. V. 68, p. 524.
Dividends at rate of 6 p. o. per annum paid July 1, 1899, to July 1,
1900; 1901 to Jan.. 1903, 3 p. o. yearly (J.&J.); July, 1903. 2 p. c;
1904, Jan., 1 p. c; July, Ha p. c; 1905. Jan., l»a p. c; July, l^p c
Report.— Report for year ending Deo. 31, 1904, wasinV. 81, p. 154.
showing net earnings (over $15,808 charged off for deureclatlon)
$119,392; imp'ts charged off, $31,238; dividend (3 p. o.) on pref.
$75,000; baL, sur., $13,154; total surplus Deo. 31, 1904, $178,594
President, Leonard Peckltt, Catasauqua, Pa.; Sec and Treas., J. S.
Stillman. N Y office 111 Broadway.— (V. 81, p. 154.)
Dynamic
Equitable Illuminating, Gas Light Co. of Philadelphia.—
Organized in 1898 by United Gas Improvement Co., which owns a
majority of the stook, to operate the gas works leased from city of
particulars In V. 66, p. 426. Common stook
Philadelphia. See
Issued, $3,125,000 preferred stock, 4 per cent for first year and 6 per
cent thereafter, $3,125,000. Sinking fund of $124,000 yearly Is to re
tire bonds at 105; and beginning In 1908 the Improvement Co. agrees
to create a sinking fund to retire the stock in 1928, when the property
Lease may be terminated by olty in 1908 on
Is to revert to the city.
making certain payment. In May, 130 •, the application for extension
of the lease was withdrawn. Total ex p ended for improvements to
1905 was $14,863,881. V. 80, p. 2348, 1977, 1733.
V98. '99. 1900. 1901. 1902. 1903. 1904. 1905.
Dividends.
full
;
Common, per
6
6
6
6
6
6
June, 3
6
6
6
6
6
6
( V. 79, p. 2088, 2591; V. 80, p. 602, 1481. 1732; V. 81, p. 510 )
Fort St. Union Depot (Detroit)— See Scpplem't of April, 1897.
Great Lakes Towing Co.—Organization.— Incorporated InNew
Jersey on July 6, 1899, as a consolidation of towboat companies along
the Great Lakes. See V. 69, p. 79. 593; V. 72, p. 778. Stock authorized, common, $2,500,000; pref., 7 per cent non-cum., $2,500,000. Issued $1,675,000 common and $1,952,850 pref. Par of shares $100.
1905.
Dividends { 1900.
1901.
1902.
1903.
1904.
cent.
Preferred, per cent
>
)
4
4
—
3»«
3*9
c) J
7
7(QJ.)
and Treas., Edward Smith Cleveland, O.— (V. 79, p.l, 2750.)
Havana Tobacco Co.—Organization.— Incorporated in New
Jersey on May 28, 1902, and aoquired per plan V. 74, p. 1142 control of
the Havana Commercial Co., Henry Clay & Book & Co..Lim., H. de
Cabanas y Carbajal and I. 8. Murias y Ca. Controlled by the same interests as the Amerioan Tobaooo Co.
on
pref. (p.
Pres.
Stock, common, $30,000,000; pref. 5 per cent non-cum., $5,000,000,
outstanding; par of shares. $100. Bonds, $10,000,000 twenty-year
gold 5s, of which $2,500,000 to remain in treasury— (V. 76, p. 1249.)
all
In
City, Mo., Gas Co.—Organized In April. 1897, in Misand aoquired all the property, franchises, etc, of the Kansas City
Gas and Missouri Gas Co^s. Capacity of 5,500,000 oublo feet a day.
Capital stock, $5,000,000, of which United Gas Impt. owns a majority:
par, $100. Bonds outstanding, $4,250,000 gold 5s, due April 1, 1922,
Kansas
souri
subject to call at 105. Interest Is payable A. & O. at N. Y. office of
Guaranty Trust Co. or M. & N. in London. V. 65, p. 277; V. 67, p. 28.
Report for year ending April 30, 1905, V. 80, p. 2456. Net, $428,117; int.. $v 04,638; bal., $223,479. Pres., Hugh McGowan.— (V. 78,
p. 2445; V. 80, p. 2456.)
In
Lake Superior Corporation.— Organization.— Incorporpated
New Jersey on May 19, 1904. as sucocssor per plan V. 77, p. 1296,
p 1784,1909, to the Consolidated Lake Superior Co. The
will begin with $1 ,000,000 cash working capital. Owns
directly or through Its ownership of the Ontario Lake Superior Co.
all the capital stock of the various corporations centering about Sault
Bounty on
Ste. Marie, Canada. (See list in Section of Jan., 1904.)
and
V. 78,
new company
steel,
Bessemer steel works and rail mill with capaolty
for producing about 500 tons of rails per day; two blast furnaces of
about 400 tons daily oapacity; by-product charooal plant of 20 retorts
and 56 bee-hive kilns; Helen Iron ore mine; 106 miles of railroad completed and In operation; 9 ore, freight and passenger steamships,
niokel and copper mines and smelters, lerro-nickel roasting plant, sulphurous aoid works; maohlne shops, forge, iron and brass foundry, oarbulldlng shops, two saw-mills of 160,000 feet daily capacity, veneer
mill;
ground wood pulp mill of dally oapacity of 100 tons;
sulphite pulp mill of 60 tons dally capaoity, water works and eleotrlo
light plant; two eleotrlo street railways; two water-power canals of
60,000 and 20,000 horse-power. See also V. 76, p. 656, 1410; V. 77, p.
Locomotive Co.), and $140,000 mortgage on Corliss plant.
Dividends
1900.
1901.
1902.
1903.
1904.
Preferred
6
Nil.
6
7^
8^
Common
Bonds.— The first mort. and coll. trust 5s of 1904 ($10,000,000 auth)
are secured by all the property of the company. Including the equity
over the lien of th« $2,000,000 Canadian Improvement notes (see
below) in the securities deposited thereunder, upon payment of which
the bonds will neoome a first lien thereon.
The Canadian Improvement Co. (V. 78, p. 1551, 1784), which provided the balance of the cash requirements of the plan above the
amount received from all other sources, including $1,000,000 oash
working capital, has secured from the Province of Ontario a guaranty
of Its $2,000,000 two year 5 per cent notes, due May 1, 1906, sold at
par. Under this loan there has been deported with the Morton Trust
Co. of New York, as trustee, all of the stocks and bonds (see V. 77, p.
771.) of the Algoma Central & Hudson Bay Ry. Co. and of the Manitoulin
North Shore Ry. Co. and the note of the Algoma Central
Hudson Bay Ry. Co. for $725,000, due July 1, 1903, indorsed by the
Algoma Commercial Co Ltd., and by the Consolidated Lake Superior
Co., and secured by mortgage on certain vessels and shipping property, to be held by the trustee as collateral until the payment of the
loan, whereupon all of the collateral deposited under said notes Is to
be deposited as further security under the new first mortgage bonds.
Bonds of subsidiary companies include $3,500,000 Mich Lake
Superior 1st gold 5s, due May^l, 1949; int due M. &. N, and $1,013,572 of other companies (Seo V. 77. p. 771. 193, and V. 76, p. 682.
754; V. 69, p. 336; V. 80, p. 602, 874. As to readjustmentof Mich,
Lake Sup. bonds, see V. 80, p. 715, 1365, 1482, 1858; V. 81, p. 1173.
Report.— Report for year ending June 30, 1905, in V. 81, p. 1172,
showed: Total Income, $585,539; Int. on 1st mort bonds, $452,175;
gen. expenses, taxes, etc. $98,562; b*l , sur.. $34,802.
Directors.— Charles D. Warren (President). Toronto: Charles E. Orris,
New York, and Thomas J. Drumuxond, Montreal (Vice Presidents); John T.
Terry Jr. (Treasurer), New York; Francis B. Reeves. J. Tatnall Lea and
Charles 8. lilnchman of Philadelphia; Dumont Clarke, New York; Alfred
P. Boiler, Orange, N.J William H. Plummer, Sault Ste Mirie, and
H.
Clergue and Edmund Q. Trowbridge, New Haren. New York office, 111 Broad-
&
On
pref
,
J1905.
Below.
2^2
li
;
New
& Burnham.—
&
,
t<'.
;
80, p. 2347; V. 81, p. 562, 671, 977, 1103, 1 1 72.
fee a block of land in
City and building thereon. 8tock, $2,000,000 (par, $100).
Madison Square Garden.—Owns in
York
New
Bonds.— $1,250,000 first 20-year gold 5s, due Nov. 1, 1919, and
€750,000 2d gold 68; last coupon paid on latter being that of May,
1902. Merc Trust Co. of N. Y.. trustee. Second mortgage bondholders'
committee: F. K. Sturgis and W. C. Gulliver depository, J. P. Morgan
;
& Co.— V. 65, p. 620.
F. K. Sturgis, J. Pierpont Morgan, D. O.
(Oct., 1905)
Charles Lanier, H. H. Hollister, W. F. Wharton, Stanford
Directors
Mills,
:
White, W. C. Gulliver, James T. Woodward, Adrian Iselin Jr. and
James C. Young.— (V. 67, p. 690; V. 68, p. 85; V. 71, p. 137.)
Manhattan Beach Hotel & Land (Limited).—Owns the real
estate and premises known as Manhattan Beach, with the Manhattan Beach and Oriental hotels, music amphitheatre, fireworks
enclosure, bicycle trace: and other buildings, 446 acres of land,
&c
Stock, $2,000,000, of which $500,000 is preferred 5 per cent
non-cumulative; preferred outstanding, $500,000. Bonds, $1,500,000 general gold 4s, due Nov. 1, 1940; Int. M. & N Central Trust Co.
of N. Y., trustee. On May 1, 1904, the $225,000 scrip certificates
representing funded coupons was paid off. V. 78, p. 1785. N. Y. office,
192 Broadway.— (V. 78, p. 1785.)
;
Manufacturers' Light
Heat Company, Pittsburgh.—
6c
Organization. -Incorporated in Penn. on Nov. 28, 1899. Owns
448,976 acres of gas lands, of which 338 000 not yet drawn upon in
Jan., 1904. In Dec, 1903, new trunk pipe line extension into West
Virginia was completed. V.76, p. 1252; V. 78, p. 986.
Stock. -Stook authorized $25,000,000, as increased June, 1903; outstanding, $21,000,000; par of shares, $50.
Dividends.— 1H p. c, quarterly, paid 1903 to Oct., 1905, b^th inol.
Interest.
Date.
Outstand'g.
Bonds.—
Maturity.
Ft. Pitt Gas lstM,1
due
g.,
$100,000
vearly ($1,000 ea.)
M
U.P1
1
f
1900
e
-
1
>
190 °
5
6
Intl at
^WOOO^^Vue^io'-h 903
Int
New
Mellon
$600,000 To June 30,' 11
& Sons' Bank, Pittsburgh.
j
$^6 odo' velriv ?$500
&c eachf-^. .......
.'
6gJ30&D
Int. at T.
OwVearly^^I^OO ea'h')
Oct. 1.
1905, Jan. 3 p. c; Mar., 3 p c; Apr., 3 p.
May, 3
p. c, in full for deferred dividends to April 1, 1905; Oct
3 p. c
and 1 p. c extra. On common Oct., 1905", 1 p. c (quar.) V. 81, p."901;
V. 80, p 142-i.
Pres., Joseph H. Hoadley, 78 Broadway, N. Y. (V. 81, p. 901.)
Iron Steamboat Co. of
Jersey.— Property consists of
seven iron steamboats. Incorporated in New Jersey in Aug., 1902, as
successor, per plan V. 74, p. 778, 887, to the New Jersey company of
the same name, foreclosed Aug. 6, 1902. V. 75, p. 293, 397.
For year ending Oct. 31, 1904, gross receipts were $272,314; operating expenses, $251,516; interest on bonds, etc., $65,869; bal., def.,
$45,071. Stock, $400,000; par of shares, $10 eaoh; outstanding, $292,790. Bonds are $100,000 prior lien 30-year 5s (given for assessment
of same amount on the old bonds) and $500,000 gen. cr 2nd 30-year 4s,
all redeemable at par.
Bonds may be called yearly for sinking fund.
See V. 74, p. 778. President, Allan C. Washington.— (V. 77, p. 2101.)
Journeay
See plan. V. 70, p. 1293; V. 74, p. 580.
1
include:
193; V. 79, p. 1026; V. 81, p. 977.
,
standing, $9,982,836.
Report.— Report for year ending Mar. 31, 1905, In V. 80, p. 2216,
showed total net income of constituent cos. (excluding two in New
Caledonia), $l,171,3ft7; Int. on bonds, $503,263; bal., sur , $668,094.
Officers—Chairman of board, Robert M. Thompson; President
Ambrose Monell; Sec, Stephen H. P. Pell; Treas., James L. Ashley.
Directors in 1904, V.74,p.730; V.78,p. 2387. Office, 43 ExohangePL,
N.Y.— (V. 78, p. 2008, 23<*7; V. 80, p. 2216.)
International Power Co.—Organization.— Incorporated in
New Jersey on Jan. 14, 1899. Owns Corliss Steam Engine Works of
Providence, R.I., V. 68, p. 671; also on April 30, 1902, $3,211,300 preferred and $661,300 American Locomotive Co. common stock and $75,425 each of common and preferred American Diesel Engine Co. V.
7», p. mj3, 2150. In Feb.. '05, purchased control of Alabama Consolidated Coal & Iron Co. V. 80. p. 654, 872. In Oct., 1905, acquired
Amoskeag Fire Engine Co. of Manchester, N. H.
Stock, Etc.— Common stook authorized, $7,400,000; outstanding,
$5,047,000; pref., 6 p. o. cum., $600,000; par of shares, $100. Firstmort.
bonds, 4s, $125,000, issued In 1899 on property since sold (see Am.
Status Jan., 1905, V. 80, p. 654.
V. 79, p.906; V. 81, p. 671.
The plants
Herrtng-Hall-Marvin Safe Co.—Organization.— Incorporated way
New Y rk on Sept. 22, 1905, as successor, per plan in V. 80, p. -(V.
990 of Herring-Hall-Marvin Safe Co. of New Jersey. Stock, $700,000, all outstanding; par of shares, $100
Gold debenture notes, $1 90,000 of 6 per oents. V. 78, p. 1395.
The flr.-t pref. of old oo. received par In rew stook, the seoond
pref. one sixth ana the common one-thirtieth in amount in new stock.
Report of old co. for oal. year 1904, V. 80, p. 995, showed net profits
of $35,296 over maintenance and depreciation. Pres., R T. Pullen;
V. P. & Sec, W. B. Pearsons; Treas A. Proctor Jr. Office, 400 B'way,
N. Y.-(V. 80, p. 602, 995, 1000, 1237, 1732; V. 81, p. 157, 1045.)
International Nickel Co.—Incoroorated in New Jersey Mar. 29.
1902, and aoquired control of Canadian Copper (& Nickel) Co., with
plant at Copper Cliff, Ont. (new plant, V. 77, p. 952); Nickel Corporation of London, with mines at New Caledonia, and the Orford Copper
Co. of Bayonne, N. J., American Nickel Works, Camden, N. J., with
their subsidiary companies. In Dec, 1902, control of the Nickel Corporation of London was acquired. V. 75, p. 1205, 1257.
Stock & Bonds.—Stock authorized, $12,000,000 each of common
and 6 per cent non-oum. preferred; outstanding, $3,822 662 com. and
$8,912,626 pref. Bonds, $12,000,000; 1st gold 5s, due Apr. 1,1932;
subject to call at 110; int. A.&O. at N. Y. Trust Co., trustee; out-
175
$500,000 To Jan., 1915
*• J&J
Union Trust Co '' Pittsburgh, Pa.
6g.-F&A $1,985,000 ToFeb.,1916
'
at Colonial
Tr °°- Pittsburgh., Pa-
mortgage, $6,500,- 5 1903 5 g.-M&N $5,696,000 To May, 1918
000, g V 76. p 1252 5 Int. at Union Trust C, Pittsburgh.
Wheeling coll. bds. (several series) are subjeot to call from 1 02 to 105.
Earnings.— For the 3 mos. ending Mar. 31, 1905, earnings increased
$78,355 over 1904 and $207 191 over 1903. See V. 80, p. 1974.
Rkport —Report for oalendar year 1903 in V. 78, p 986, showed
gross earnings, $4,500,000; net, $2,676,087; surplus over 6 per cent
on stook, bond Interest and retirement of $202,000 bonds, $1 011,741.
Officers —President. H B. Beatty; Secretary and Asst. Treas.,
H. E. Seibert; Treasurer, E. H. Myers. Offloe, Farmers' Bank Bldg.
Fifth Ave. and Wood St., Pittsburgh, Pa.— (V. 80, p. 1974 )
Marsden Company.—Incorporated in February, 1897, to manufacture products from cornstalks— see V. 65, p. 235, for uses of product.
Common stock authorized, $35,000,000; outstanding, $33,962,200.
Report 1904 in V. 80,Jp. 1056. In Dec, 1903, sold majority interest in
International Smokeless Powder& Chemioal Co., receiving in exchange
$2,565,000 Dupont International Powder Co. 8 p. e. preferred stook
(cum. as to 5 p. i ) and $120,000 collateral trust 5 p. c bonds. Most
of Marsden pref. has been exchanged for Dupont pref., * 861,625 of
the latter being held In the treasury Dec. 31, 1904. V. 80, p. 1056.
—
)
)
INDUSTRIAL STOCKS AND BONDS
176
Owns entire stock of American
Milling Co., with plants at Riverdale'
Chicago and Peoria. V. 74. p. 35. 1354; V. 78, p. 767. In June 1905'
W. W. Gibbs of Phila. requested options on 25 p. c. of stock at $4 per
share to Sept. 1, 190\ V. 80, p. 2625. President. A. G. Winter; Vloe.
Pres. aud Treas E. G. Buokner.-(V. 78, p. 290, 767; V. 80 p. 2625.)
Maryland Coal Co.—Controls 6,000 aores of land in Alleghany
and Garrett counties, Md. Stock.— Preferred as in table, and in addition old common, $11,100, and treasury stock, $103,895. Produced
322,079 tons in 1904; 308,469 tons in 1903. Report for year ending
Jan. 31, 1905, in V. 1-0. p. 654, showed: Surplus earnings in 1904 over
interest, etc., were $276,456; in 1903, $800,688; dividends in 1904
,
(8*s p.O.)
$160,199; sur. for year, $116,257.
DIVIDENDS—
)
'94. *95. '96. '97. '98. '99. '00. '01. *02. '03. '04.
1905.
Newpf.. p. c. \ 3ia 4*a 3* 4 4»« 5 5 5i* 7 8«s S^Ju'e,^
In 1903 and 1904, June,3ia, incl. 1 extra; Dec. 31. 5. inclu. 2*2 extra.
In '05. June, 3^ po„ incl. 1 extra.— (V.78, p. 586, 819; V. 80, p. 654.)
National Rice Milling.— See full statement
p. 1123, 1223; V. 72, p. 91, 1
35, V. 73,
National Sugar Reflnins of
p.
Npw
V. 55. p. 49; V. 71,
1163; V. 81, p. 666.
Jersey.
Incorporated
in
1900, and took over the New York Sugar Refin
Ing Co.'s (Doscher) refinery, Long Island City, the Mollenhauer refinery, Brooklyn, N. Y., and the National refinery, Yonkers, N. Y. The
capacity of the new company is 10,000 barrels daily. V. 70, p. 1098;
V 71 p 31; V. 77, p. 1877. Stock, $10,000,000 6 p. o. cumulative preferred and $10,000,000 common stock; all outstanding; par of shares,
$100. Div. on pref., l^ p. c. (Q.-J.), paid Oct. 2, 1900, to Oct 2,1905,
incl. No bonds. President, James H. Post.— (V. 77, p. 1877.)
Vo rk Mutual Telegraph.— Successor to the Mutual Union
Telegraph Company. The stock carries dividends of 6 per cent pei
annum under a lease for 99 years from February 15, 1883, to Western
Union Telegraph, which owns $2,385,700 of $2,500,000 stock; par $25.
New Jersey
on June
2,
New
New York 6c Queens Electric Light & Power Co.— Organ
ization.—A consolidation. Incorp. in July, 1900; supplies entire bor
ough of Queens outside of Rookaway. See V. 72. p. 1039. N. Y. A
Queens Gas Co. is controlled by same Interests. V. 79, p. 20S9, 2151.
Stock and Bonds.— Stock, common and pref. 5. c. non-oum., $1,250,000 each, all issued. Par of shares, $100. Bonds, $2,500,000
30-year gold 5s, dated Aug. 1,1900; int. F&A; Union Trust Co., N.
Y trustee. Of the bonds $2,272,000 are outstanding, $78,000 are reserved to retire the $78,000 N. Y. & Queens Gas & Elec. gold 5s, due
Jan. 1, 1949, and $150,000 for extensions.
Dividends.— Div. on pref.. 2^ p c, paid Deo. 1/1904.
Earnings.— For year ending Aug. 31, 1902, gross, $307,669; net,
,
$137,027; interest. $116,775;
bal., sur.,
$20,252
Tilford, H. E. Gawtry, Henry R. Wilson, James
T. Pyle, Julian D. Falrchild, Abram M. Hyatt and L. B. Gawtry, of
New York, and John Day Jackson, New Haven, Conn. Frank Tilford,
President; Henry R. Wilson, 1st Vice-President; H. L. Snyder, Beo'y
and Treas. N. Y. office, 208 Fifth Ave.— (V. 79, p. 2089.)
Telephone.— In 1896 this company took over the
business of the Metropolitan T. & T. Co, with exclusive rights under a
perpetual license from the American Bell Telephone Co. to the telephone business in city of New York and suburbs. V. 63, p. 229.
In Dec , 1902,
Controls Empire City Subway Co., V. 76, p. 50.
authorized issue was increased to $50,000,000 (par $100); outstanding
TeleJune 30, 1903, $33,750,000, of which American Telephone
graph Co. owned $21,745,581 and Western Union Telegraph Co. on
July 1. 1904, $9,733,100, V. 71. p. 139, 290. Reduction In rates in
1905, V. 80, p. 1 179. Report of committee of Merchants' Association,
Dividends paid in 1899 and 1900. 6 p. o.
Aug., 1905, V. 81, p. 780
yearly. V 71, p. 139, 290; V. 76, p. 51; V. 81, p. 730.
Directors.— Frank
New York
&
New York
6c
Texas Land.—Tills company tookthe lands granted
to the International and Houston & Great Northern RRs., about 5,000,000 acres. June 30, 1904, had 1,850,3 12 acres unsold. Stook. $1,050,000.
par $35. Treas., J. S. Wetmore, 100 Broadway ,N. Y.— (V. 80, p. 1179.)
New York Transportation Co.— Organization.— Incorporated
New Jersey on Feb. 21, 1899, and operates under license from the
Electric Vehicle Co. Name changed as above Jan., 1902. Stock authorized, $5,000,000; par $20, as reduced in Jan., 1902; outstanding,
$4,700,000. V. 74; p. 99, 215. Owns entire capital stocks of Fifth
Avenue Coach, Metropolitan (leased in 1904 to Am. Express Co. for
16 years) and Century Express and Park Carriage companies. In
June, 1901, purchased Newport (R. I) plant. V. 72, p. 1139, 1191;
V. 73, p. 35. V. 70, p. 844; V. 71, p. 290; V. 73, p. 35. Official state
ment, May, 1905, V. 80, p. 2224; V. 79, p. 2591 At end of 1904 had
over 500 vehicles in service. Statement for year 1899, with balanoe
sheet, was in V. 70, p. 840. Prest., Richard W. Meade; Sec. and Treas.,
Palmer Jr. Office, 581 Eighth Ave., N. Y.— (V. 74, p. 482;
Wm.
V. 79, p. 2591; V. 80, p. 2224.)
In
H
Ohio 6c Indiana Consolidated Natural 6c Illuminating
Gas.— An amalgamation incorporated in N. J. on Dec. 29, 1899, per
plan V. 69, p. 1251. Stock $10,000,000, of which $1,000,000 to aoquire new gas fields, See statement to N. Y. Stook Exchange, V. 70, p
994. Dividends Mar., 1900, to June, 1902, 1 p. c. quarterly; none sinoe.
Underlying bonds, $820,000 Ind. Nat. & 111 Gas 6s (int. M-N), due
1908; $1,690,000 Logansport & Wabash 6s, J-D, due 1925; $1,940,000
Fort Wayne, 6s,J-J, due 1925; $960,000 Lafayette 6s, M-N, due 1924;
$1,940,000 Ohio & Ind. 6b (J-D), due 1926.
Reorganization OommiUce.—A. committee consisting of James N.
Wallace, Anthony N. Brady and Chas. F. Dieterlch (Central Trust Co.,
N. Y., depository) In Sept., 1905, requested deposits of all the under
lying bonds (except Ft. Wayne Gas 6s), interest on which had been in
default for over 6 months. A plan of reorganization will be prepared
V. 81, p. 1046; V. 79, p. 20J-9.
Report for calendar year 1903 in V. 78, p. 227. In 1904 net deficit
after interest on bonds and construction ($46,234). $38,900. Pres.,
Chas. F. Dieterich; Treas., A B. Proal, 45 B'way, N.Y.— (V.79, p. 2089;
V. 81, p. 1046.)
Omaha Water Co.—Organization.— Suocessor in 1896 of Amer-
ican Water- Works Co. of Illinois, per plan in V. 62, p. 1085. In 1903
the city of Omaha proposed to purchase property. V. 76, p. 1411.
Stock, common, $2,500,000, not Issued; outstanding, 1st pref., 5 p. c.
non-cum., $750,000; second pref., 5 p. o. non-cum., $1,000,000. Par
of shares, $50. Preferred stocks are subject to call at par, divldende
being paid at Farmers' Loan & Trust Co., New York. Decision, see
V. 71, p. 915; V. 73, p. 1211. Divid'ds paid on lstpret.,5 p. c. y'rly to
Aug., 190S inclusive. On 2d pref. 1 p. o. 1899; 1900, 2 p. c; 1901.
2 p. c; 1902, 2 p. c; 1903, 2 p. o.
Par. Interest. Outstand'g.
Securities.
Last div., etc.
$50
None.
Common stock
50
50
lstpref„5p.
2d pref., 5 p.O
gold 5s.) 1,000
$1,500,000
>
Consolidated gold,) 1,000
$6,000,000
5
F&A
F&A
5 J&J
$606,100
867,045
Aug.
Aug.
10, '05, 2*a
10, '03,1
1,093,000
July 1, 1916
Subject to oall at 105 p. c,
5.1<te.'
3,543,000
1946
Subjeot to call at 105 p. c.
President, Theodore C.Woodbury, New York; Sec, Eben Stevens
New York; Treas., Stockton Heth, Omaha, Neb.— (V. 81, p. 563 )
Prior lien
Pennsylvania
<
oal
6c
Coke Co.—Organization.— Incorpo
rated in Pennsylvania in 1902. Controls about 117,000 acres of coal
lands and surface, chiefly in Blair, Cambria, Clearfl-ld and Indiana
counties. Pa., estimated to contain over 1.000,000,000 tons of coal, collieries, railroads, electric light companies, etc.
Properties include
entire stocks of Webster Coal & Coke Co. (V. 72, p. 884; V. 77, p. 513).
Beeoh Creek Coal & Coke Co. (V. 72, p. 582; V. 78, p. 1910; V. 79, p.
1706), etc See also V. 77, p. 2102; V. 79, p. 1335.
Securities
Common
—
[Vol. lxxxi.
Date.
stock (par, $100)
($7,000,000 auth)..
Pref., 6 p. c. n. c $5,000,000 auth. (par, $100) ...
Interest.
Outstanding. Last div., etc.
m.
«q
nnn
*<J,t>70,iHH)
>
5
„ -_-
ofto
a,o/o,vw
,
Webster
M„
C.
&
5
C. 1st con.
$3,00>,000, gold, £ 1902 5g. M-S
Mar., 1942
3,000,000
($1,000 each)
>
Pa. C. & C. 1st M., Ser. A, ) 1902 5g. J-J
July 1 1932
1 ,200,000
red. 105, s. f
5 Int. at Commercial Tr. Co., Phila., trust'e.
f.
nor purch. mon. mtges
190,000
Consol. 1 st & collat tr. M., ) 1903 5g.
2,500,000 Sept. 1 1953
$12,00o,000 ($500 and } Title Guaranty & Trust Co., Scranton,
$1,000 each)
.8. f. o*> Pa., trustee.
,
MS
Car trusts
Chest. Creek Land & Imp.. 1898
Be
r
C 8 M
$3°O0O bo6t gu D &] 1904
($1,000 each)
,
719,000
252,000 Oct.
2,748,000 June
4 A-O
5g. J-J
1,
1.
1924
1944
*°rK, trustee.
c*
J
Bonds.— Of the
consol. 5s of 1903, $4,200,000 is reserved to retire
the Webster Coal & Coke bonds and Penn. 1st 5s (V. 76, p. 51), $909,for purchase money mortgages and car
000
trusts and * 4,391,000
for improvements and future purposes. V. 77, p. 2102.
Eeech Creek
guar. 5s, see V. 78, p 1910; V. 79, p. 1706; V. 80, p. 1364.
Earnings.—Net earnings for cal. year 1903 applicable to interest
were about $700,000.
President, W. A. Lathrop; Vice-President, T. n. Watkins; Sec, A G.
Edwards; Treas., R. M Law. Office, Land Title Bldg., Philadelphia,
Pa —(V. 78, p. 1910; V. 79, p. 1706.)
Rhode Island-Perkins Horse Shoe Company.— Orgamzation.— Manufactures horse shoes and toe calks at Valley Falls, R. T., 6
miles from Providence. V. 61, p. 1014. Stock— Common (or gen> ral)
stock, $1,000,000; pref., 7 per cent cum., Q J, $1,750,000 par, $100.
Dtvs— )1892. '93-'95. '96. '97. '98. 1899 tol901. Sinoe to Oct'05
Com. p.c > 12ifl lOyrly. 4**
Pref. p.c)
4perann.
5yrly.(QJ)
7 p. c yrly.
6\ 5
;
— (V. 75, p.
—
•
1403.)
San Francisco Gas
6c
Electric Co.— Organization.
Incorpor
ated on Dec. 11, 1896. On October 14, 1903, the Paciflo Gas Improvement Co. was absoibed; on Nov. 1, 1903, the Equitable Gas Co. and on
Nov. 17, 1903, the Independent Gas & Power and Independent Elec. Lt.
& Power cos. V. 77, p. 93. 453, 1536, 2287; V. 78, p. 12*7, 1496.
In Sept., 1905. a syndicate composerl of California and Eastern
parlies, arranged to purohase the stacks of the San Franoi-co i*as <fe
Electrio Co. and the California Gas & Eleotrio Corpi>ration, a new
company to be formed to take over their stocks Stockholders of San
Fran. U. * Elec are offered to Nov. 15 $25 oash per share and $65
in 30 year sink, fund 5 p. o. bonds of the new consolidated [oompany,
the Paoific Gas & Eleotrio Co., seoured by deposit of both stocks. V.
81, p. 844, 1046,1178.
Dividends. -Dividends, previously paid irregularly, were resumed
in Dec, 1903, when 2** p.c was paid; sinoe to Sept., 1905, 5 p.c
yearly (114 p. o. Q.-M.)
Securities
Date, Interest. Outttand'g hast div. etc.
8tock, $20,000,000 (par $100) ..
Q-M $15,848,433 Sep. 20,'05,li4
Ed. Elect. L &P. lstM.,g. ) 1891 6 g. Q F
623,000 Nov. 3, 1921
($1,000 each)
Int. at offioe, San Francisco.
5
Pac Gaslmpt. M., g., s. f. ) 1900 4 g. Q-M 1,169,000 Sept 1. 1920
($1,000 each)
Int. at Union Trust Co., San Francisco.
5
i
1
n t
S
1903
Nov. 1, 1933.
8,021,000
OOO 6oO^ *(li 60 o"e!chi 1
.*. .. \ Int at Unlon Tr Co " 8an Fran tru8tee '
?ed.*, see below
Bonds.— Of the gen. 4*ss of 1903 ($10,000,000 authorized issue)
$8,021,000 is outstanding. $1,792,000 is reserved to retire the underlying bonds and the remaining $187,000 is issuable for general pur.
poses and improvements. Bonds Nos. 1 to 4,000, inclusive, are subieot
to call, $100,000 yearly Nov. 1. at 105, by lot, beginning Nov. 1, 1906.
V. 77, p. 93, 1877; V. 78, p. 233, 1496.
Report —Report for year ending Deo. 31, 1904, was in V. 80, p.
1233, showing total income, $4,393,277; net profit, $1,765,433; depreciation funds, $700,000; div. (5 p. C), $792,421; bal., sur., $273,01'/.
Officers.— President, W. B. Bourn- Seo'y and Treas., Charles L.
Barrett. Directors, June, 1904. V. 79, p. 156. Office, 415 Post St.,
San Franoisco. Cal.-(V. 81, p. «72, 844, 1046, 1178.
^g-M&N
Z
-
'
-
South Yuba Water Co.—See Street Railway Section.
Spring Valley Water Co., «an Francisco.— Organization.—
Successor Sept. 24. 1903, per plan V. 76,
Water-Works. V. 78, p. 827.
Securities—
Date.
1st M
-2ndM*—
Outstand'g Last div., etc.
$28,000,000 July, '05, 63c
4,975.000 Sept. 1, 1906
4,991,000 May 1, 1917
Interest.
Stock (par of shares, $100)
Spr. Val Wat.
216,977, to Spring Valley
p.
Q-J
Works
6
M&S
4 QF
ao
do
ao
do -/nam.
(Subject to call dept., 1906.)
^
do
3rd M
do
4 Q-M
3,65<\0(>0 Sept. 1, 1906
Spr. Val Wat. Co., gen. M. > 1903 4 g. J-D
3,000,000
Deo. 1 1923
gold ($1,000 eaoh) .... \ Int. at N.Y., S. Fran, and Frankf on Main.
Of the general gold 4s of 1903 ($28,000,000 authorized Issue; Union
Trust Co. of San Francisco trustee), $1,500,000 have been issued for
improvements, $359,000 to take up old waterworks bonds, and the
remaining bonds are reserved for construction and acquisitions and
the retirement of the old bonds at or before maturity. V. 78, p. 992.
Dividends —Reorganized oompany paid 21 cents per share Oot.»
1903; Jan.. Apr, July, 1904, and Jan., Apr. and July, 1905,63 otseaoh; the Oat., 1905, dividend was passed. V. 81, p. 512.
Report.- Report for year ending Deo. 31, 1903, was in V. 78, p.
987.
In 1904 total income, $2,212,304; net, $1,657,443; interest,
•
.
$730,119; taxes, $365,497; dividends, $521,890; bal., eur., $39,936.
Officers.- Pres., Chas W. Howard; Seo Pelham W. Ames; Treas.,
Bank of Cal. Offioe, 126 Stockton St., San Fran., Cal.— (V. 78, p. 2446.)
Standard Milling Co.— Organization.— Incorporated in New
Jersey on Oot. 31, 1900, as successor of the United States Flour Milling Co., per plan in V. 70, p. 284, V. 71, p. 185, and owns direotly or
through subsidiary companies mills In Minneapolis, Duluth, West
Superior, Milwaukee, Buffalo, Syracuse and New York; total dally
capacity 47,000 barrels of flour. See V. 75, p. 1252; V. 68, p. 873, 929;
V. 69, p. 29, 1010; V. 71, p. 817. Properties taken over May 11, 1902.
Stock and Bonds.— Stock, all outstanding, common, $4,600,000;
pref., 5 per cent non-oumulative, $6,900,000. Of the new let 5s, $2,123,000 is reserved to retire at par the $1,448,000 Hecker-JonesJewell 1st 6s and $675,000 Northwestern Consolidated Milling 1st 6s
(see V. 70, p. 283). The new mortgage is limited to $5,750,000 but
may be increased by $500,000 for working capital, the bond to be
sold at not less than 95.
DiviDENDS.-On pref.. 1903, 1%; 1904 and 1905, 2 % (A. A O.).
Report.— Report for year ending Sept. 30, 1904, with balanoe
sheet, in V. 79, p. 1720, 1954. In 1904-5: Income for year, $391,746;
int. on bonds, $180,209; div. on pref. stock (2 p.c), $137,757; bal., sur.,
for year, $73,780; total surplus Sept. 30, 1905, $1,390,961.
,
)
Officers.— Pres., Brayton Ives; 1st Vlce-Pres., Wm. L. Bull; 2d
Vice-Pres., J. C. Kllnck; Sec and Treas., J. A. Knox. Office, 49 Wall
St.,N. Y.-(V. 79, p. 1720, 1954; V. 81, p. 512, 1244.)
Standard Rope 6c Twine Co.— Incorporated Nov. 8, 1896,underNew Jersey. Successor after foreclsosure of the United States
laws of
,
INDUSTRIAL STOCKS AND BONDS.
Oct., 1905. J
Co., reorganized, V. 60, p. 1012; V. 63. p. 1064. Union Selling
Co. acts as selling agent.
V. 75, p. 397, 613; V. 78, p. 992.
Owns 3 mills in operation, viz., Sewall Day mill at Boston (Alston),
Mass., and the Waterbury and Morgan Ave. mills at Brooklyn, N. Y,
besides two idle and partly dismantled; also entire stock of Cannabis Mfg. Co., owning 3 mills— the Chelsea and Boston mills in Boston, Win. Wall <fe Sons of Brooklyn; see V. 73, p. 614. Reports of ooinmittees In V. 72, p. 987, 1140. Competition June, 1902. V. 74, p. 1255.
On Jan. 27. 1905, Fred'k K. Day, of Elizabeth, N. J., and D. S. Ram
say, of Brooklyn, Wfre api olnted receivers, the Feb ,1905, Int. on 1st
mort. bonds and two sink, iund payments oi $27,500 each being in
default. The floating debt was estimated at $1,300,000. V. 80, i>.
476. On July 25, 1905, foreclosure sale was oidertd under first mortgage. V. 81, p 512.
Cordage
&
First Mortgage Bondholatrr Committtc—A majority has been de
posited with a committee (Alvin W. Krech, Chairman; Equitable Tr.
Co.. derosltan ) with a view to reorganization. V. 80. p. 603, 1183.
Committee for Incomes and Mock.— In February, 1905, a committee
(Jules 8. Bache, chairman; Colonial Trust Co. of N. Y., depositary)
requested deposits of income bonds and stook. V. 80, p. 874. 1115.
Stock and Bonds.—Capital stock Is $12,000,000 (par $100); outstanding, $11,960,860. The first mortgage Is for $3,000,000, yearly
sinking fund 1 per oent of bonds outstanding; firsts purohased for
sinking fund and canceled to July 31, 1904, $260,000. The consols are
non-oumulatlve incomes and entitled to one vote for eaoh $100.
Report.— Year ends July 31. Report for 1903-04, in V. 79, p. 1265,
showed Loss on the year's operations after paying interest on bonds
and borrowed money, $9,166; ttebit bal. Aug. 1, 1903, $737,418;
balance, deficit to profit and loss Aug. 1, 1904, $746,584. Gross sales In
1899-00, $4,255,342; In 1898-99, $4,999,275.
President, Thomas Russell; Vice Prest., George W. Montgomery;
Treas. and Sec, Joseph G. Taylor, 14-20 State St., N. Y. Direotors:
Thomas Russell, James B. Clews. G. W. Montgomery, Mllo M. Belding Jr., Joseph G. Taylor, Jos C. ReifT, E. Le B. Gardiner, D. S. Ramsay. Office. 17 State St., N.T.— (V.80, p. 1115, 1183; V. 81, p. 512.)
Union Electric Light 6c Power Co,, St. Louis.— Obg anization.— Insorp. in Mo. In June, 1902, as a consolidation; Id Sept., 1903,
the Missouri Edison Electric Co. was absorbed. V. 77, p. 40, 774. Does
practically all of the electric Hunting business of St. L >uls. Has a
ten year contract with St. Louis Transit Co. to supply about 12,000
horse-power and contract to supply public city electric lighting till
Sept. 1, 1910. Controlled by North American Co. V. 80, p. 1000.
Securities—
Dale. Interest. Outstand'g. Last div., etc.
Common stock (par $100)
$5,500,000
Pref.. JV p. e. (par $100)
2,000 000
:
Mo.
M
M
1891
El. Lt. 1st
8t OI 8
obo0O0
ff
6
c *' fa'lOoot 1897
<* 1 » 000
eaohj.
J
U. E. L!'&P."ist*M!."'$io,-)
Q. F.
$477,000
1921
BR.*.*A.
Int. in St.
3,400,000 Feb. 1,1927
Louis or New York.
<r. M.&S.
6,123,000 Sept. 1, 1932
000,000, gold ($1,000 > Int. at Miss. Valley Tr. Co., St. Louis, or
eaoh)
North Amer. Co., N. Y.
)
BoNDg.— Of the 5s of 1902, $3,877,000 is reserved to retire the Mo.
Edison bonds. SeeV.76,p. 1360; V.77, p. 40; V.78, p.1396; V.79, p. 2751.
Earnings.— For year ending Aug. 31, 1904, gross earnings, $1,526.308; net over taxes, $619,652; int. on bond3, $379,384; bal., sur.,
$240,268. For year ending Aug. 31, 1905 (estimated), gross, $2,100,000; net, $840,000; Int. on underlying bonds, $199,850; int. on Union
bonds, $293,674; bal., sur., $346,476.
Officers.— President, Julius S. Walsh; Vice-Pres., Charles W. Wetmore; Treas., Breckinridge Jones; Sec, Harold P. G. Coatea; Gen.
Mgr., Charles H. Ledlie. N.Y. office, 30 Broad St.— (V. 80, p. 603.)
IT nil ted Box Board 6c Paper Co.— Organization.— Incorporated in New Jersey on May 28, 1902, and took over as of Jan. 1, 1902,
per plan V. 74, p. 375, 26 leading straw-board and box-board Dlants
In the country havinsr a capacity of l,35y tons daily; also acquired
$5,788,300 of the $6,000,000 American Straw board Co. stock aad
entire stock of Knickerbocker Pulp & Paper Co., with a daily capacity of 40 tons of pulp. V.74, p. 1041; V. 75. p 1 358; V. 80, p. 226
Owbs entire 2,000 shares of Uncas Paper Co., Norwich, Conn.
Stock authorized, $28,967,400, of wnich $14,018,500 common and
$14,948,900 seven p c. cum. pref outstanding, common, $13,896,433;
preferred, $14,771,459, but see V. 80, p. 226: par, $100. The plan
(see below) of Dec, 1904, involves issue of $1,450,000 pref. stock, inoluded In the present Issue above. First dividend on pref., 1% p. c,
paid Dec 15, 1902; none since to Oct., 1905. V. 76, p. 658, 1038.
Plan.— As " the first step In a thorough reorganization," and to raise
$1,000,000 cash, stockholders in Jan., 1905, subscribed for the American Strawboard stock ($5,788,300) owned by the Box Board Co. at
$17 50 per $100 share, accompanied by a bonus of 25 p. c. in Box
Board pref. stock. Subscriptions are payable 10 p. c on application.
10 p. c. on Jan. 30, and the remainder in 4 equal instalments of 20
p. o. eaoh, on April 15, July 15, Oct. 15, 1905, and Jan. 15, 1906. The
American Strawboard stock thus purchased will be held by a committee (E. R, Stettinius of Chioago, Chairman), subjeot to the right of the
Box Board Co. to re-purchase same at $18 a share on or before Jan.
15, 1906. The new Box Board stook is to be distributed among the
subscribers on Jan. 15, 1906, or within 30 days thereafter. See V. 79,
f. 2700, 2751, 2800; V. 80, p 226.
The plan of re-capltalisatlon suggested by President Barber in Feb.
1905 (V. 80, p. 717; V. 81, p. 1244), [in statu quo Oct., 1905], provides:
Common stook to be reduced 60 p. c. to
16,944,816
1902 5
;
Preferred stock to be reduced 50 d. c. to
7,3:-6,72*»
First mortgage 6 p. c. *0-year gold bonds, secured by a mortgage nn all
tho company's property, including the stock of the American Strawboard Co.. and convertible at option of bolder into an 8 p. c. cumulates preferred or debenture stock at any time prior to Jan. 1, 1809,
and thereafter to be retired at rate of *50,oo0 yearly for sinking
fund. Issue limited to (or to be Increased $500,0^0)
2,750,000
Issuable to take up existing mortgage debt
$1,125,000
do
do
underlying liens
1,18^,^50
Trust debenture bonds to re-purchase stock of American
Strawboard Co
1,750,000
Bonds.— The 1st 5s of 1903 are due $350,000 yearly from Jan. 1,
1904 to 1908, both inclusive. $250,000 Jan. 1, 1909 and $1,500,000
1, 1913. They are subjeot to call (when drawn by lot) for payment at par and interest on any interest day. Of the bonds, sufficient
are reserved to retire from time to time about $I,200,C00 of underlying
bonds on 14 of the plants (see list V. 75, p. 1304), viz.:
Traders' Paper Co. N. Y. 6s, $200,000, due by Nov., 1919, Thompson Pulp &
Jan.
Paper
Co.. N. V., «s, $200,000,
Somerset
& Kennebec
111.,
Co.. Me., $338,000;
O.. $122,600: Wabash Paper Co.,Indiana, $-'00,000:
6s, $100,"0u; Wilson et alii. Conn. $58,30.), etc.
Pauer, etc,
Co.,
:
Tytus
Peoria Strawboard
Amer. Strawboard Co. has outstanding $323,000 1st sink, fund gold
due Feb. 1, 1911, Int. piid F. & A at Internat. Trust Co., Boston.
Balance sheet American Strawboard Co. Deo. 31, 1904, V. 80, p. 649.
Report.— Report for the year ending Dec. 31, 1904, including sub
sidiary cos., was in V. 80, p. 717, showing: Gross profits, $1,183,7856s,
net profits over Interest, repairs, etc., $257,815.
Pres.,0. O. Barber; Vice-Pres., W. M. Graves; Sec and Gen. Mgr.,
Stephen B. Fleming; Treas., E. R. 8 f ettinius. Direotors, Feb., 1905,
V. 80, p. 717. Office, 111 Broadway, N Y.-(V. 81, p. 12*4.)
United States Mortgage 6c Trust Co.— Chartered in 1871.
Formerly U. S. Mortgage Co.; present name assumed Feb. 23, 1895.
Stock.—Capital stock is $2,000,000 par, $100. Surplus, $3,500,000
undivided profits July 1, 1905, $375,646.
Dividends.— In 1894, 6
p.c; '95. 6; '96, 6; '97, 6; '98, 7^.; '99, 10; 1900, 10; 1901, 12; 1902, 15;
1903, 16; 1904, 20 p. c; 1905, June, 10 p. o.
Bonds.—The series of mortgage trust bonds, $1,000,000 each, are
secured by deposit with trustee of first mortgages on Improved city
;
177
"in amounts at least eaual to the bonds outstanding."
list $5,000,000 bonds In V. 67, p. 487.
Officers.— President, George M. umiplng; Vice-Presidents. Luther
Kountze, Eben B. Thomas and J. W. Plattan; Treas Carl G. Rasmus,
Sec, Calvert Brewer. -(V. 75, p. 81, 347.)
United States Reduction 6c Refining Co.— Incorporated In
New Jersey on May 31, 1901. Extracts gold and other precious metals
from ore obtained chiefly from Cripple Creek Distriot, Col. Official
statement ehowing properties owned, etc, V. 74, p. 882. Id May, 1905,
the company's holdings in Utah Copper Co. were sold for about
real estate
See application to
<
,
$1,100,000. V. 80. p. 2225.
Stock authorized, common, $6,000,000: pref. (also as to assets) 6 p.o.
non-cum., $4,000,000; par of shares, $100; outstanding, common,
$5,918,800; pref erred. $3,945,800. Bonds (all outstanding), $3 ,000,00*
first 30-vear gold 6s. due July 1, 1931, int. J. & J., subject to call at
110 as a whole or for a sinking fund of $50,000 annually; Continental
Co., 54 Wall St., N. Y.
Trust Co., N.Y trustee; int. paid at Kessler
Dividends on pref., I 1* p. c, paid Deo. 20, 1901, Apr. 1 to Oct. 1, 1903,
both lncl., l»a p. c quarterly; in Oct., 1905, l 1^ P- o.; V. 81, p. 851. On
common, Apr. 1, 1902, to July 1, 1903. both lnol 1 p. c quar.; none
since to Oot , 1905. Checks are mailed.
Report for year ending Aug. 1, 1904, given in V. 79, p. 2453,
showing net earnings (over improvements, etc) $399,33/; Int. on
bonds, $180,000; pref. div. (1 ^ p. c), $59,187; bal., sur. $160 150.
President, Chas. L. Tutt; Vice-Pres. and Mgr., Chas. M. Mac. Neill;
Sec and Treas., Spencer Penrose. Transfer office, 54 Wall St, N. Y.
-V. 75, p. 687, 790, 80* (V. 79, p. 1283, 2453; V. 81, p. 851.)
&
,
,
Virginia Iron Coal
6c
Co.—Organization.— Owns
Cofce
fur-
naces at Roanoke, Pulaski, Radford, Graham, Max Meadows and Reed
Island, Va.; Bristol and Middlesborough, Ky.; Radford Pipe Works.
Radford, Va.; Crescent Horseshoe Works, Max Meadows, Va.; steel
works at Middlesborough, Ky., and certain foundry and mach. works.
Also owns about 132,000 acres of coal lands, and owns and controls
about 209,000 acres iron ore and timber lands, together with half of th*
$2,000,000 capital stook of the Virginia & Southwest. Ry., Inman, Va.,
coal mines to Mountain City, Tenn., etc, 134 miles. V. 68, p. 675; V. 69,
p. 388; V. 79, p. 1703. Proposed extension to tidewater by Virg. &
Southeastern Ry., V. 80, p. 226. See application to list, V. 76, p. 272.
Stook authorized, $10,000,000, all common; outstanding, $8,641,600;
Readjusted per plan, V. 75, p. 348, 398, 736. The scrip repar $100.
ceived for Sept., 1903, coupons was paid on May 1,1903. Of the 1st
5s, $3,300,000 have been canceled, the $5 43,000 unissued being held to
retire prior lien bonds, viz.: $543,000 "Carter Coal & Iron sinking fund
gold 5s, due Oot. 1, 1938, subjeot to oall at 1 05 Contin. Trust Co., N. Y.,
trustee. Report for year ending June 30, 1904, was In V. 79, p. 1703.
In 1904-5 gross earnings. $3,317,563; net, $462,042; other inoome,
$54.4: 0; charges, taxes, etc, $426,833; bal., sur., $89,679. President,
Henry K. MoHarg, N. Y. Offloe, Bristol, Tenn. (V. 80, p. 226; V. 81,
<
p. 1052.)
6c Co. (Express).— Incorporated under the laws
Colorado February 5, 1866. On Julyy 1, 1904, operated on
41,640 miles of railroad. 1,451 miles of stage and 5,348 miles of
steamer routes; total, 48,439 miles. Dividends of 8 per cent yearly
were paid for many years, but the semi-annual dividend paid in July,
1894, was reduced to 3 p. c; 1895, to Ju y, 1905, 6 p. o. yearlv (3 J.&J).
and in Jan., 1902, 2 p. o. extra; in July, 1902, and since to July, 1905,
Chairman, E. H. Harrlman. Direotors
1 p. c extra semi-annually.
Oct., 1902, V. 75, p. 621, 803.-(V. 75, p. 621, 803.)
Welsbach Co.—Organization.— Incorporated in New Jersey Apr.
28, 1900, as a consolidation per plan (V. 70, p. 898) of the Welsbach
Light and Welsbach Commercial Companies. The United Gas Improvement, it is understood, owns control. Stook, $3,500,000, par $100.
Dividends.— 2 p. o paid June, 1901; in 1902, June. 2 p. c; in 1903,
8ept, 2 p. c; in 1904, Sept., 2 p. c; in 1905, Sept., 2 p, c.
Bonds.— Of the $7,000,000 gold 5s (Provident Life & Trust Co.,
Philadelphia, trustee) $409,000 reserved for working capital, etc.
Report.— For year ending May 31, 1905, profits were $541,469; in
terest and sinking fund, $431,660; charged off, $17,282; dividend, 2 p
c, $70,000; bal., sur., $22,526. In 1903-04, profits, i$524.162.
Pres., Sidney Mason; Sec and Treas., Lewis Lillie. Office, N. W. cor.
Broad and Arch Sts., Philadelphia— (V. 79, p. 1026; V. 81, p. 921.)
Westchester Lighting.— See Consolidated Gas Co. of New York.
Western Telephone 6c Telegraph Co.— Owns 77 per cent
of the Cleveland Telephone Co., 82 per oent of the Northwestern Telephone Exchange Co. and 83 per oent of the Southwestern Telegraph & Telephone Co., 81 per cent of the Wisconsin Telephone Co.
and all the $1,200,000 stock of the Postal Telegraph Cable Co. of
Texas. These companies operate in Ohio, Minnesota, North and South
Dakota, Texas, Arkansas, Michigan and Wisoonsin.under licenses from
Wells Fargo
of
Am. Bell Co., which owns the bal. of the stook of the three flrst 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 of the Eri*
Telegraph & Telephone Co. V. 74, p. 271, bankrupt but not foreclosed.
The Amer. (Bell) Telephone & Teleg. Co. owns control. V. 76, p, 596.
The Michigan Telephone Co., formerly controlled, was sol* in foreclosure to other parties on Nov. 4, 1903. V. 77, p. 1750.
Dividends.— Div. on pref. Aug., 1902, to Feb., 1904, 4% yrly. (FAA).
In Aug., 1904, 213 p. c; in 1905, 5 p. 0. (F. & A.)
Bonds.—All the old bonds except $134,500 were retired. Tke new
bonds are secured by stock and bonds owned. See list, T. 74, p. 893.
Outstanding bonds of proprietary company
Postal Telegraph-Cable Co. of Texas 30-year gold 5s, do* Jan. 1, 1928, guaranty
of interest and sinking fund (sufficient to retire bonds at mat urit/) assumed om
purchase Mar.
15, 1H02.
V. 76,
p. 335.
Report.— Report for year ending Jan. 31, 1905, with balance sh eet,
In V. 80, p. 2398, showed total inoome, $1,408,215; net revenue, $875,091; div. on pref. (5 p.o.) $800,000; bal., sur., $75,091.
Wash'ton St., Jersey City— (V. 80, p. 1183. 2398.)
Offloe,
243
Westlnghouse Machine Co.— Organization, Eto.— Incorporated in Penn. in 1881; manufactures steam engines, steam turbines,
gas engines and Roney mechanical stokers, under Westinghouse patents. Stock was formerly part preferred, but is now all of one kind.
Stockholders will vote Deo. 23, 1905, on increasing the authorized
stock to $10,000,000. Dividends at 6 p. 0. yearly (Q-J) were paid
to Oct., 1902, inclusive; since to Oct., 1905.10 p. c yearly (Q-J).
The Westinghouse Foundry Co. plant Is 17 miles east of Pittsburg.
V. 75, p. 398; V. 79, p. 2752.
Bonds.— Of the $1,500,000 5 p. 0. gold debentures, $315,000 reserved
to retire 6 per cents due 1906-1914.
V. 69, p. 854. (See also V. 69, p.
Vice-Pres.,
802.) V. 69, p. 1252. President. George Westinghouse
E. E. Keller; Treas., T. L. Brown
Secy., T. S. Grubbs. Office and
works. East Pittsburg,
(V. 76, p. 756; V. 79, p. 2752.)
Wilkes-ttarre Gas 6c Electric Co.—Sto»k. $1,500,000; par of
shares, $100. First consol. 50-year gold 5s ($3,000,000 authorized
Issue), due Jan. 1, 1955. but subject to call at 110 and interest on 3
months' notice; int., J&J, at Fidelity Trust Co., Philadelphia. Of the
$1,020,000 outstanding a part was ottered in Jan., 1905; of tha remaining bonds, $1,150,000 is reserved to retire the $1,035,000 underlying bonds; all subjeot to oall at par in 1908, and $830,000 for future
requirements. See V. 80, p. 226. A consolidation of Gas Co. of Luzurne Co., Wilkesbarre Electric Co., etc. Franchiser are perpetual and
Co., Inc., of N. Y.
exclusive. Company is managed by J. G. White
For 3mos. ending Mar. 31,1905, gross earnings, $72,342; net, $37,072;
bond interest, $27,506: bal sur., $9,560. Calendar year 1904, gross,
$2o7,278; net, $12-1,243: charges. *P 5,071; bal.. sur $73,172. President, Robt.L. Frrr et; Sec. aiid Treas., J. S. Grieves. Office, Wilkesbarre, Fa.— (V. 80, p. 226, 21.64.)
;
;
Pa—
&
,
,
RAILROAD COMPANIES.
178
V. 74. p. 379. For year 1903-04, gross. $237,158; net, $89,656; chgs,
$36,898. Pres.,D. F. Brooks; Sec, H. E. Glpson; Treas., P. R. Brooks.
RAILROAD COMPANIES.
SUPPLEMENTARY-See also Tables
Arkansas Midland RR.- Owns from
Pages 9
to 173.
Helena, Ark., to Clarendon, 47 miles. Capital stock $1,500,000 (par $100.) Dividends paid:
in 1895-6. 1-348 percent; in 1896-7, 74 p. c; in 1897-8, 1-92 p. c;
in 1898-9 (<); in 1899-0, 061 p. c. In 1901 entire stock was acquired
by Mo. Pao. (St. Louis Iron Mountain & Ho. Ry.) V. 74, p. 206, 57 J.
Bonds, $176,000 first gold 6s, due July 1, 1911, subject to call at
110; int. J.&J. Year 1904, gross, $135,430; net, $74,078; interest
and taxes, $16,503. President, George J. Gould.— (V. 72, p. 935.)
Atlanta, Ga., to West Pt.,Ga., 86 m.
Atlanta West Point
Ga. RR., June 30, 1903, owned $547,200 stock and $388,900 deb. cert.
A belt line around Atlanta, 5»a miles, is operated at rental of $16,000
yearly, 4 p. o. on its cost. V. 71, p. 963; V. 73, p. 1354.
Dividends begun in 1855 were for many years 8 percent per annum.
From July 1, 1884, to July, 1901, inclusive. 6 per cent yearly, JAJ;
Oct. 1. 1899, 25 p. c. extra (V. 69, p. 590); 1902, (?); 1903, 6%; '04, 6%.
In 1903-4, gross, $853,647; net, $429,400; other income, $6,019;
Charges, $272,072; dividends, $73,932 surplus, $2,414. In 1902-3,
gross, $808,372; net, $321,897.— (V. 69, p. 590; V. 71, p. 963.)
Elmlra Cortland Northern Ry.— (See Map Lehigh Valley.)—
Owns Elmira, N. Y., to Canastota, N. Y., 118 miles, and leases during
corporate existence, Canastota Northern, Canastota to Camden, N. Y.,
21 miles. In 1896 the $2,000,000 stock was purchased and 5 per
cent bonds were guaranteed by the Lehigh Valley and the road leased
in July, 1903, for 999 years to the Lehigh Valley Ry. of New York, a
subsidiary company. (V. 63, p. 402.)
Fall Brook Railway.— (See Map New York Central <t Hudson
River RR.—Owns from Corning, N. Y., to Antrim, Pa., 52 miles; branch
to Ulysses, Pa., 40 miles; total92 miles.
Lease.—The railroad and its rolling stook was leased to N. Y. Central A Hudson River RR. for 999 years from May 1,J1899, for $175,000
yearly, payable quarterly in gold, beginning Aug. 1, 1899. also taxes
and repairs, the leases of the Syracuse Geneva A Corning Ry. and
Pine Creek RR., formerly held, being oanoeled and new leases made to
N. Y. Central, which also assumed the guaranty of the $3,500,000 Pine
Creek bonds. The lease does not include the ooal properties of Fall
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per cent per annum on preferred and 6 p.
o. on common; since the lease, 7 per cent on preferred and 2^ per cent
on common.— (V. 68, p. 379, 573, 773, 872.)
Florida Fast Coast Kv.- Operate- from Jacksonville, Fla., via
St. Augustine, to Miami, 366 miles branches to Palatka, San Mateo,
etc., 17 miles; Atlantic A Western, Blue Springs to New Smyrna, Fla.,
•98 miles; Tltusville branch, 48 miles; Jacksonville to Mayport, 25
miles; total, 484 miles. V. 69, p. 591. In Dec, 1904, extension was
-completed from Miami south 2 s miles; to be extended 50 miles additional to Cape Sable. System owned by Henry M. Flagler. In June,
1905, extension was begun from Cutler or Homestead to Key West,
about 136 miles, whence It is proposed to operate ferryb-ats to
Havana, 85 miles, in place of Peninsular & Occidental Steamship Co.
V. 81, p. 211.
June 30, 1902, stook, $1,000,000; $7,100,000 bonds issued.
In
Oot, 1902, filed a 2d mortgage to the Colonial Trust Co. of New York,
as trustee, to secure $8,741,000 thirty-year 5 per oent bonds,
datedJan. 1,1903. of which aboat $6,000,000 was reported to be issued. V. 75, p. 906. For year 1903-04 gross earns., $2,322,573; net,
$820,745, agst. $666,614 in 1902-03: other income, $2,648; charges,
$738,847.-(V. 61, p. 112, 470, 591; V. 75, p. 906; V. 81, p. 211.)
Gnlf
Inter-State Railway of Texas.— Port Bolivar, on
Galveston Bay, to Beaumont, Texas, 70 miles, was owned, of whioh 27
miles from Port Bolivar to High Island was washel away by flood in
Sept., 1900, but wa6 rebuilt and reopened in Oct., 1903. Iinpt. & Loan
Co., Galveston, is trustee under 1st mtge whioh secures $829,000 of
20-year 5s, due 1915; V. 78, p. 820. Capital stock, $71,000. Year
onding June HO, 1902, gross, $15,760; def. under oper., $2,342. V. 70,
p. 1249; V. 71, p. 182, 698. On Mar. 13, 1904, receiver was discharged;
V. 78. p. 1167. President L. P. Featherstone. Beaumont, Tex.; 1st
Vioe-President, F. M. Hubbell, of Des Moines, la
Sec, L. L. Featherstone; Treas., John W. Campbell— (V. 74, p. 728, 1308; V. 75, p. 312;
V. 77, p. 823; V. 78. p. 820. 1167.)
Hudson Manhattan It It.— To be a double-tube tunnel under
the Hudson Riv. (construction began Mar.. 1905) from the Pennsylvania
RR. station, Jersey City, to terminal station oovering two blooks west
side of Church St., between Cortlandt and Fultou Sts New York.
Franchises in New York have been granted. Terminal facilities in
Jersey City will be afforded bv Penn. RR., whose tratflo for down-town
seotion of New York will be handled. Official statement, V. 78, t> 102.
Incorporated in March, 1903. V. 76, p. 705, 752. In Jan., 1905. the
Hudson Companies aoquired control of the oompany, also ot the New
York & Jersey RR., which is building a tunnel from Jersey City to
Christopher Street, and will finauce their completion. V. 80, p. 163.
Stook authorized, $3,000,000. Directors, Jan., 1904, V. 78, p. 102.
President, W. G. MoAdoo; Vice-President, W. G Oakman: Treasurer.
K. B. Konger; Seoretary, C. W. Klng.-(V, 78, p. 102; V. 80, p. 163.)
Jacksonville Terminal Ry.— Owns union passenger depot
[the latter opened Feb. 1, 1895,] and terminal properties at Jacksonville, Fla., including 20 miles of track, used by Atlantlo Coast Line
RR., Seaboard Air Line, Jacksonville St. Augustine A Indian River
(now Florida East Coast Ry.) and Southern Ry. whloh companies guarantee by endorsement the principal and Interest of above bonds, and
own the entire stock. Georgia Southern A Florida Ry. also uses depot
V. 71, p. 135. For year 1903-04, gross, $141,413; net, $12,286; other
laoome,$31,863; deductions, $31,868. (V. 71, p. 135.)
mineral Range
Houghton, Mioh., to Calumet, Mich., 14
miles; Hancock to Fulton, 21 miles; branohes, 28 miles; South Range
extension, Keweenaw Bay to Michigan Mine, 39 miles, opened Deo. 24,
1900; trackage, 22 miles; Mohawk RR. operates 17 miles; total, 141
miles, all standard gauge. On June 1, 1901, the Hanoock A Calumet
RR. was merged (V. 73. p. 785). In year 1895 paid dividends lO^a
p. c; in 1896, 7p.c; 1897, 7 p. c; 1898, 3*a p. c; none sinoe. In March,
1903, authorised stock was increased to $1,200,000; outstanding,
$1,085,000. par $100.
Bokds.— Consols for $7,000 are reserved for $11,100 old bonds.
Of the $593,000 outstanding, $339,000 are 5s; the Canadian Faoiflo
on June 30. 1905, owned the remaining $254,000 (whioh are 4s), and
the $1,000,000 general mortgage 4s, both of which it guarantees as to
Interest. V. 75, p. 554. See V. 73, p. 556, 616; V. 73, p. 785. Of tonnage In 1903-4 84 p. o. was ores and mining products.
Earnings. -For 2 months ending Aug 31:
Gross.
Other inc.
2 mot.
Net.
Charges.
Balance.
1905
$127,402
$21,091
$404
$18,892
stir. $2,6(3
204
1904
31,781
sur 13,093
113,230
18,892
Report.— For year ending June 30, 1905, gross, $683,299; net,
$168,777; taxes, $30,644; interest, $83,360; .surplus, $54,775.— (V.
KR.—
&
;
A
;
A
,
;
A
,
RR.—
73, p. 785.)
A
RR.—
[Vol. lxxxi.
Soanlon, Minn., northMinnesota
Nortli Wisconsin
east 50 miles to timber lands in St. Louis County; branohes (opened
November, 1904), 8 miles; extension proposed to Duluth & Iron
Range RR., 12 miles. 8took authorized, $350,000
Bonds mature
30,000 yearly on January 1 to 1907, Inclusive, and balance on
fan. 1, 1908, and are guaranteed, principal and interest, by the
Messrs. Brooks Brothers and M. J. Soanlon, and cover In addition to
road 20,000 acres of land in Beltrami and Hubbard Counties, Minn.;
the Minnesota Loan & Trust Co., of Minneapolis, is mortgage trustee,
Montana RR.—Loinnard,Mont.,toLewi8town,157m.andbr.6miles.
Stock authorized, $3,500,000; all outstanding; par of shares, $100.
Of the $2,000,000 bonds issued on first 100 miles, $999,000 are stamped
redeemable at 105 and int. on 6 months' notice, the remaining $1,001,000 being held June 30, 1905, by the Northern Pacific Ry. as collateral for $392,865 notes. No Donds issued on lemalnderof road.
Year ending June 30, 1905 (partly estimated), gross, $285,999.
Chairman of Board, H. D. Moore. Philadelphia, Pa.; President, Riohard A. Harlow, Helena, Mont.— (V. 71, p. 1167.)
South Ry.— Muscatine, Iowa, to Elriok,
Muscatine North
on Iowa Central, 28 miles, with which has traffic contract. V. 76, p.
654. Extei slon from Elriok to Burlington, 20 miles, was reported to
be proposed Inoor oorated in Mar., 1903, as suooessor of the railroad
1905, details of
of same name, foreclosed on Deo. 15, 1904. In Oot
new securities had not been arranged. Stook, $450,000; par, $100.
Year 1904-5, gross, $59,219; net, $76— (V. 79, p. 2697, 2796; V. 80,
A
,
p. 1059.)
Ohio River
A-
Western Ry.— Owns Bellaire, O., to Mill Run,
O.,
Ill miles; made standard gauge in 1904; trackage to Zanesville, 1
mile. Also owns majority stook of International Coal Co., holding 25,000 acres adjoining road. Successor Jan. 1, 1903, to Bellaire Zanesville A Cincinnati RR. In 1905 oontrol reverted to the original owners,
including S. L. AW. O. Mooney of Woodsfleld, O. V. 80, p. 163. 473,
600, 1913. Stook, common, $3,000,000; pref., 6 p. 0. non-oum., $2,000-,
000; par of shares, $100. V. 76, p. 48, 102.
Gross, $38,384; net, $15,867
Latest Earnings.— 2 mos.,) 1905
Gross, 37 688; net,
$1904
8,381
July 1 to Aug. 31.
In year ending June SO. 1905, gross. $200,060; net, $45,093.
-(V. 79, D. 2206; V. 80, p. 163, 473, 600, 1913.)
Sierra Railway (of California).—Owns road from Oakdale.
on line of Southern Pacific to Tuolumne, Tuolumne County, 58 m.
Branch, Jamestown to Angels, 19 miles, was opened Sept. 15, 1902
The Yosemlte Short Line Ry. was incorporated to build a 70-mile extension from a point two miles south of Jamestown into Yosemlte
Valley, inoluding a 10 mile branch; the road is to be leased, stook at
$25,000 per mile and first mortgage 4«« p. o bonds at $12,500 per
mile (Central Trust Co. of Cal trustee), to be issued. V. 81, p 1175.
Stockholders
Stock authorized, $5,000,000; issued, $2,780,000.
voted Sept. 7, 1904, to authorize $860,000 5 p. o. 40-year bonds, of
which $633,000 were exohanged for the outstanding $1,266,000 second
mortgage bonds at the rate of one new for two of the old bonds, the
remaining $227,000 to be reserved for future requirements. V. 79,
For year ending June 30, 1905, gross, $366,402; net, $124,p. 270.
366; int., taxes.Jeto $114,260; bal., sur $10,103. Loans and bills
payable June 30, 1905, $89,093. Pres.,T. 8. Bullook; Seo.. S. D. Freshman, Jamestown, Cal— (V. 80, p. 1112; V. 81, p. 212, 1175.)
Somerset Ry.—Owns road from Oakland to Bingham, Me., and
branch, 42 m. Extension is proposed from Bingham to Birch Point
on Moosehead Lake, 55 miles, of which 9 miles completed and 18
under construction la July, 1905. Capital stock is $736,649 (par,
$100). Of the 4s of 1900 Maine Trust & Banking Co., Gardiner,
Me., trustee, the balance is reserved to retire the old 5s at or before
maturity. V. 70, p. 1096. Bills payable June 30, 1905, $228,205.
Earnings.— For year 1904-05: Gross, $127,418; net, $53,161; oharges,
$27,427; balanoe, surplus for year, $25,734.— (V. 73, p. 900, 1008.)
West Coast Ry Adel to Perry, Fla.
South Georgia
77 miles; extension is proposed from Greenville {to the Gulf, 50
miles. Stock, $65,000. The bonds ($250,000 authorized Issue) are to be
used to pay off present debt; balance for Improvements. F. J. Spain,
of Quitman. Ga , is mortgage trustee. V. 76, p. 706. For year ending
June 30,1904(51 miles), gross, $77,196; net, $32,027; Int taxes,
etc. $f?,436; bal., sur., $14,591. President, J. W. Oglesby; Treas.,
C. T. Tillman. (V. 76, p. 706, 866.)
Southern Illinois Missouri Rrldge Co.— Owns bridge (with
4 65 miles of tracki across Mississippi River at Thebes, 111.; opened
May, 1905, forming a direct connection between Chioago A Eastern
Illinois and the rillnols Central aud St. Louis Valley (St. Loni* Iron
Mountain A South.) on the east and with the St. Louis Southw.,
St. Louis & San Francisco and St. L. Iron Mountain A So. on the
west. Length is 2,756 feet of steel truss and 1,147 feet of concrete arohes. Stook, $50,000, all outstanding, equally owned by the
ft. Louis IronMtn <fe So., St. Louia Southwestern, 111. Central, Ohio. A
East. 111. and Mo. Pacific a 1 of which except the last named have a
50-year contract dated Nov. 1, 1901, for use of the bridge under whloh
they agree to meet the interest on the bonds and other oharges.
V. 80, r. 1424; V. 75, p. 78.-(V. 80, p. 1424, 2220.)
Union Springs Northern Ry.— Owns Union Springs to Fort
,
,
,
—
A
,
A
A
Davis, Ala., 7^ miles. Bonds are subjeot to call on and after May
1.1906, at 105; International Trust Co. of Baltitiore is mortgage
Vear ending June 30, 1905, gro'B, $26,998;
trustee. V. 76. p. 753.
net, $10,003; int. on bonds, $5,040; bal., sur., $4,963. President, W. M.
Blount; rreas , J. M. Elly. Office, Union Springs, Ala. -(V. 76, p. 753.)
Union Terminal Ry. of Sioux City.— Owns 13 miles of track
at Sioux City, la. Successor of Sioux City Terminal Ry. A Warehouse,
foreclosed in 1899. V. 70, p. 1292. Does switching on a wheelage
basis. Stook, $2,500,000, of whioh $1,870,250 outstanding, to be aoquired by Great Northern Ry. on or before Oct 1, 1906. V. 81, p. 900.
No bonds. For year end. Feb. 29, 1905, Egross. $65,072; netinoome,
$45,680; taxes and tnterest, $11,867; bal., sur.. $33,813. Pres., Sydney
L. Wright; Gen. Mgr., B. S. Josselyn, 308 Chestnut St., Phlla.— (V. 71,
p. 31; V.81, p. 900.)
Warren Corslcana Pacific Ry.— Warren to Campwood, Tex.,
20 miles; extension projected from Warren to Oorsioana, about 150
miles Stock, $100,000, par of shares, $100. In Nov 1901, applicaIn
tion was made for authority to Issue bonds at $15,000 per mile
Feb.. 1905, 8. F. Carter and W. H. Norrls were appointed receivers.
V. 80, p. 999. For year ending June 30, 1904, gross, $40,091; def.
under oper. exp., $10,984.-(V. 80, p. 999.)
Washington Franklin Ry.— Hagerstown.Md., to Qulnsonla,
Pa., 14-37 miles; was built In 1898 and extended from Qulnsonla to
Zumbro, 5 miles. The line Is leased to Western Md. for interest on
bonds and 5 p. o. on $150,000 stook. The Reading Trust Oo. Is mortgage trustee.— (V. 72, p. 676 V. 70, p. 478; V. 73, p. 392.)
•
&
,
A
;
Weatlierford Mineral Wells
A Northwestern Ry.— Owns
Weatherford to Mineral Wells, Tex., 23 miles. Extension is contemplated from Mineral Wells to Jacksboro and Graham, 70 miles.
Controlled
Texas
by Missouri
Paoitto
A Pacitio guarantees the
interests.
Stook, $100,000.
bonds ($1,354,000 authorized
The
Issue),
V. 75, p. 908, 1356. See
principal and Interest, by endorsement.
form, V. 7&, p. 344. For year ending June 30, 1905, gross, $96,203; net,
$45 801; other income, *4,603; oharges, $41,722; bal., sur., $8,681.
Pres., George J. Gould; Seo. and Treas., J.W. Boot.— (V.78, p. 50, 344.
Fa>mlnjjton
Wisoasset, Me.,
Wlscasset Watervlllc
to Albion, 42 miles (2-foot gauge); also partially constructed from
Weeks Mills west to Farmlngton, etc., Me., about 50 miles, of which
15 miles to Winslow are in operation. On Oot 7, 1903, *>. D. Paterson of Wisoasset, Me., was appointed temporary reoeiver and authorV. 81, p. 1176.
ized to issue. Id was stated, 500 receivers' crrtlflcates
A consolidation in 1901 (see V. 73, p. 392; V. 71, p. 603; V. 69, p. 233;
V. 66, p. 185.
Stock authorized, $1,000,000; outstanding June 30, 1904. $243,900;
Bonds sttblect to oall at 105, beginning 1911. Real Estate
par, $100
Trust Co. of Philadelphia is mort. fustee For year ending June 30,
1904, gross, $41,929: def. under oper. exp., $8,507. Pres., G. F. Farley .-(V. 73, p. 392; V. 81, p. 1176.)
A
RR.—
—
. ...
. ..
.
— —
bb
..
Oct., 1995.]
. ..
.
BANKS, TRUST
NEW YORK AND BROOKLYN BANKS.
Capital.
Par Amount.
COMPANIES
New York
Surplus A
undivid'd
profits.*
*
100
100
100
100
00
100
100
25
100
100
25
100
100
100
Aetna
Amerloa*
Am. Exoh...
Astor
Batt'y Part
INSURANCE
COS.,
Dividends.
Period 1903. 1904
Latest.
Capital.
Companies.
%
188, 1931.
200,000 112.183 See 7. 7 9, p.
1,500,000 3,776,61*o J. A J. 19
8
5,000,000 4,449,500 M. AN.
20
9
20
179
ETC.
NEW YORK AND BROOKLYN TRUST COMPANIES.
State banks.)
(*
COS.,
July'05.10
Nov. '05. 5
Nov.'Od. 5
Surplus <fi Dividends paid In '03 and '04,
and also last dividend.
Undiv'ed
Profits
Par Amount. Sept. 5 '05 Period. '03
100 1,000,000
Bankers'
793,639 Q.-J.
Bowling Gr*n 100 2,500,000 2,899,282
—
I.
&
J.
01. Last Paid.
%
li« Oct., '05. lifl
6 July, '05. 3
3 Nov, '05 3
12 Jan., '05. 6
60 Oot., '05.15
Feb., '05. 4
8
100 700,000 434,150 M.AN.
Broadway
J. A J. 20
(c>
Cent.R.B.AT.c 100 1,000,000
V 80, 199. Central
s. No V. '04
100 1,000,000 14,335,010 Q.^J. 80
12 Nov.'05. 3
F.& A. 8
13
(t)
100 1,000,000
Citye
Bowery*
100 1,000,000 1,736,217 J. A J. 10 10 Ju!y,'05. 5
Colonial
Bronx Boro*
6 July'CS. 3
71,866 Beg bu 8 A pr.l '02. V.74,p.657
J. A J. None
Com'nwealth 100 500,000
Butch's'ADr
Org. Ap r.'Ol. V. 72 p. 755.
100 1,000.000 In volunt ary llq uid' tlon V. 79 p. 882.
Eastern
Century*...
1231.
16 July '05. 6
1,000,000 4,643,600 J. A J. 20
Empire ..... 100 500,000 1,068,025 Org. In 190 2;V. 75, p.
Chase
21*
16 Oct. '05. 4
16
100 3,000,000 9,947,847 Q-M. 9 10 Sept.,'05. 10
450,000 1,057,200 Q.-J.
Equitable
Chatham
70,260 Beg. bu 8. Ap r.'03. V.76.p.l006 Farm. L. & Tr. 25 1,000,000 7,102,094 Q.-F. 10 40 Nov., '05.
100,000
Ex.*
Chelsea
Q.-M. 12 12 8ept.,'0*. 3
300,000 7,806,500 Bi-m'ly. 150 150 1 July 05.25
Fifth Avenue.. 100 1,000,000 1,554,375
Chemloal
l * July '05. 3
25 20 8ept..'05. 5
6
576,700 J. A J.
2,550,00
Guar.Tr.,N.Y.. 100 2,000,000 5,800,796
Citiz's'Cen..
422.
Nov.'OS. 4
8
8
100 500,000 561,069 Beg.bu sAg '02.; V. 75, p.
,100 25,000.000 18,260,000 M. A N.
Guardian
City
ineBS April 1904.
51,229 Beg.bu s. in Oot. '04.V79p.181T
Italian-Amer. 100 500,000
Coal A Iron 100 300,000 224,900 Beg.bu- None 10 July '05. 6
20i* 55
July, '05.20
100 100,000 294,103 r. <fc J.
Knickerbook'r 100 1,000,000 2,406,184 J.
Colonial*
114.
July '05. 4
8
8
100 500,000 916,216 Org. M ar'O 2 V. 75, p. '05. 5
Lincoln
Columbia* 100 300,000 370,013 J. A J.
'05. 2
8
661b
30 1,000,000 2,011,644 J. <fe J 10 10 July, '05. 5
Commerce. 100 25.000,000 12,156,300 Q.-J. y,'02; V.75 Oct.588, «43. Manhattan .
p.
100 2,000,000 6,621,86a Q.-J. 30 30 Oct
Mercantile
Cons'lldated 100 1,000,000 1,050,500 Org Jul
39,421 Receiv er ap point ed Oct.,' o5a; Merohants
100 500,000 Suepeude d May, •05. V 8 o, p. 2196. 5
Cooper Ex.* 00 100,000
*
14 Aug.'05. 7
A. 14
Q.-J. 13 16 Oot., '05.
Corn Exoh 100 2,000,000 3,240,854 F. A bu s.Jul y,190 3.V.77.D 121 Metropolitan 100 2,000,000 6,446,054 Q.-M. 20 20 Sept. ,'05. 5
3H,729 Beg.
100 100,000
100 2,000,000 6,988,657
Morton
Discount*..
V.74,p.917,13S«
July'Oo. 3
8
8
Mut. Alliance. 100 500,000 526,596 Beg. bu s.J'l y.'oa June,'05.20
East River. 25 250,000 111,400 J. A J.
128,917 See V. 71, P 735 1147.
100 200,000
N.Y.Lf.I.ATr. 100 1,000,000 2,657,005 J. A D. 40 40
Fidelity*....
,'05. 5
12 July '05. 6
100 250,000 426,000 J. A J. 12
100 3,000,000 9,784,296 Q.-F. 32 18 Sept. '04. 5
New York
Fifth
'0^.25
8ia Dec,
7
J. AD.
(e)
100,000 1,735.116 Q.-J. 200c 100 Oct. '0\
No.Amerlcane 100 2,000,000
Fifth Ave*. 100
Oot.
5
July, '05. 5
20
20
100 10000000 15,848,600 Q.-J.
Real Estate... 100 500,000 662,786 J. A J. 10 10 June,'05. 5
First
8
7 July '05. 3i9 Standard
7
100 3,000,000 2,935,300 J. A J.
100 1,000,000 1,156,943 J. AD. 6
Fourth
4
6 Nov. '05. 2
91,167 Q.-F.
6
TitleGu.ATr.. 100 4.375,000 5.869,364 Q.-M. 12 12 Sept.,'05. 6
14th Street .100 2/500,000
9l2 9k, Oct., '05.
12 Oct. '05. 6
50 1,000,000 2,289,900 A. A O. 12
Tr. Co.of Am.e 100 2,000,000 9,777,495 Q.-J.
Gallatin ...
'05.12i«
81,772 F. A A. None None Feb. '96. 2ia Union
100 1,000,000 7,941,051 Q.-J. 50 50 Oct.,
Gansev'rt* y 50 200,000
20 Sep. '05. 3
20
U.S.Mort.ATr. 100 2,000,000 4,319,149 See Mi acel lane ous Cos.
Garfield.... 100 1,000,000 1,303,800 Q.-M.
6 Aug '05. 3
6
United States. 100 2,000,000 12,976.679 J. A J. 50 50 July,'05.25
Germ'nAm 75 750,000 546,585 P. A A. 14
14 July 'OS 7
Van Norden.. 100 1,000,000 1,245,151 Q-M. 12 12 Sept.,'05. 2
Germ'n Ex.* 100 200,000 740,404 .1. A J.
Oct., '05 3
20 Nov. '05.10
Washington . 100 500,000 1,025,957 Q-J.
Germanla*. 100 200,000 898,225 M. A N. 20
Nov. '05. 4
6
6
100 1,000,000 631,831 V.75,p .9,7 11, 1378, 1331.
Windsor
Greenwich* 25 500,000 568,357 M. A N.
6 July '05. 3
6
Brooklyn.
Hamilton* 100 200,000 140,288 J. A J.
'05. 4
10 July '05. 6
10
100 3,000,000 6,891,200 J. A J
100 1,000,000 2,035,744 Q-J. 16 16 Oct.,
Brooklyn
Hanover
6 July, '05. 3
20
100 200,000 150,16« J. & J. 6
& Trad. 100 1,500,000 6,632.300 J. A J. 20 ,'04: Julv '05.10
Flatbush
Imp.
V.79,p.2725 Franklin
Sept.,'05. 3
12
50,553 8eg. bu s.Deo
100,000
1001,000,000 1,887,210 Q.-M. 12
Interboro".. 100
Nov. ,'05 2y
8
8
16834 Beg. bu s. Ma y,'03 V.76 p. 1277 Hamilton
100! 500,000 994,543 Q.-F.
Internat'l*.. 100 dlOC.000
8 July '05. 4
8
500,000 239.197 Beg.bu s. A pr'O 5. See note/.
50 1,000,000 1,081,20* .1. A J.
...
Home
Irving
July '05. 2>s Jenkins
5
400,000 392,007 J A J.
100 500,000 256,993 Beg.bu s.Ju ly'O 5. V.81,p.l31
Jefferson*.. ,100
10i« Nov. ,'05. 3
16 Oot. '05. 4
16
;100 1.000,000 2,065,500 Q.-J.
Kings County. 100 500,000 1,415,110 Q.-F. 10
Liberty
2**
Aug '05. 5
18
18
300,000 1,454,400 Q.-F.
>100
Longl.LATr.. 100 1,000,000 1,576,^65 Q.-J. 10 10 Oct., '05. 4
Lincoln
Aug.,'05.
6
(u)
Began us.Fe b.l.'O 4. See note u. Nassau
100 500,000 592,994 F. A A. 6
Maiden L'nt* 100 250,000
12 July '05. 6
100 1,000,000 1,568,24- M'thly. 12 12 Nov ,'05. 1
50 2,050,000 2,490.895 r. a J 12
Peoples
Manhattan
Oct., '05. 2
8
10 July '05. 5
Williamsburg 100 700,000 525,051 Q.-J. 8
Mkt & Fult 100 1,000,000 1,381,900 J. A J. 10
9 July'Oo. 5
8
25 3,000,000 3,384,300 J. & J.
Meohanlos'
Lawyers' Title I™*™™"
»"*
*
July '05. 4
8
8
c In April, 1905. Central Realty Bond A Trust
25 700,000 337,206 J. A J.
Meoh. & Tr
Insurance* irust co.
Pnmnanv consolidated under Dame of Lawyers' Title American Trust Co. and
July '05. 4
8
P
8
Mercantile. 100 3,000,000 4,293,300 J. & J.
• Cit y Trust Co., North
3i« V?80 p 973?lo3 ia09. 133?:
7 July '05.
1,397,700 J. A J.
7
lat er; •eeY.bO.p. U02,
50 2,000,000
Merchants'
Trust Co. of America consolidated unde r name of
6 July '05. 3
6
50 600,000 362,200 J. A J.
/ See V. fcO, p. X034, 1210. 133B.
Meroh. Ex.
1461, 1831, 1889, i5«9; V. 81. p. 130.
12 J'ne'05. 6
100 1.000,000 1,540,026 J. A D 12
Metropolis*
1,000,000 291,329 Beg. bus .May ,'05. See note u
Metr'p'llt'n'
YORK AND BROOKLYN FIRE INSURANCE COMPANIES.
88,713 Beg. bu s. Au g., '0 3.V.77,p.829
100 200,000
Monroe*
.Vov.'05. 4
145,349 M. A N.
8
8
Dividends.
Mt. Morris- 100 250,000
Net surp.,
Capital.
3 July '05. 3
100 200,000 264,398 J. A J.
Mutual*
Dec. 31,
Companies.
May '05. 4
8
8
1902. 1903. 1904. Last Paid. %
50 500,000 321,027 M. A N.
Nassau*
1904.
Par. Amount.
26 Oot. '05, 6
32
500,000 690,800 Q.-J.
N. Amst'm. 100
July '05. 5
10
8 July, '05. 4
7
6
New York.. 100 2,000,000 2,^32,100 J. A J. 10
100 500,000 460,866
Com'nw'lth
75 July "05.50
36 July, '05.18
30
N.Y. County 100 200,000 723,500 J. A J. 75
100 1,000,000 6,756,662 25
Continental.
Nov. '05. 2
8
8
None 3 Jan., '04. 3
3
N.Y.N. Ex. 100 1,000,000 889,400 Q.-F.
49,788
Empire City. 100 200,000
30 July, '05.15
30
Nlne'thW'd* 100 200,000 215,737 Q.-M. None None Sep. '05. 2*4 German Am.
100 1,500,000 5,841,907 30
July "05. 4
8
8
10 July, '05. 5
10
6
N. America 100 2,000,000 1,924,900 J. A J.
100 400,000 537,856
Oer. Alliance
20 July,'05.10
16
Northern . . 100 300,000 222,145 Org. in Apr.' 02, V. 74, p. 1065.
50 1,000,000 2,639,226 16
Germanla .
10 July '05. 5
3 Jan, '04. 3
6
6
25 750,000 1,097,033 J. A J. 10
20,001
Oriental* . .
15 150,000
Hamilton . .
Nov. '05. 2
8
8
10
9 July,'05. 4
50 422,700 629,874 Q.-F.
8
Pacific*
50 1,000,000 652,064
Hanover
19ig 20
Oct. '05. 4
14 July. '05.10
14
100 3,000,000 7,921,600 Q.-J.
Park
100 3,000,000 7,376,321 14
Home
10 July '05. 5
10 July, '05. 5
10
200,000 431,888 J. A J. 10
People's* ... 25
50 200,000 223,439 10
Nassau
_
Aug.,'05. 3i«
7
6
Phenix
20 1,000,000 223,800 J. A J. None None July '00. 3
New York... 100 200,000 65,564 6
20 July 05.10
20 July, '05.10
20
100 100,000 268,730 J. & J.
Plaza*
50 500,000 1,506,982 14
Niagara
7 Oot. '05. 3ia North River.
7
8 Oct., 'OS 5
8
8
Prod. Exoh.* 100 1,000,000 513,888 A. A O.
25 350,000 333,371
Oct. '05. 2
8
10 Aug.,'05. 5
8
10
100,000 100,014 Q.—J.
Riverside* 100
20 150,000 102,002 10
Peter Cooper
V. 75, p. 162.
23,338
10 Oct., '05. 2ia
10
100,000
100
Royal*
50 1,000,000 1,720,028 10
Phenix
6 July '05. 3
6
None None Jan., '02. 3
3
53,117
Seaboard . 100 500,000 1,478,000 J.'&'J.
25 200,000
Stuyvesant
12 July '05. 6
3 Jan, '04. 3
4
5
100 300,000 1,550,800 J. A J. 12
Second
51,626
25 250,000
Unlt'd States
20 Aug.,'05. 10
16
BhoeAL'thr 100 1,000,000 441,100 Q.-J. None None July '02. 1
10 300,000 1,363,602 16
Westohest'r
'05.25
35 July
30 July,'05.15
30
100 100,000 968,716 J. A J. 20
State*
50 250,000 1.291.5S9 24
W'msb. City
84th Street 100 200,000 201,100 Beg. bu S.Oct .1902 ;V.75.p.771.
July'Oo. 3
6
137.J91 J. A J.
6
Pwe'f.Ward 100 200,000
5 An *.'05. 3
5
23d Ward*. 100 100,000 119,3 J 5 F. A A.
GAS COMPANIE8.-SEE ALSO MISCELLANEOUS.
e,'03. V.76, p. 1332
Union Ex.* 100 750,000 613,171 Beg. bu s.Jun
Dividends and Interest.
United ... 100 1,000,000 171,200 Began usine 89 NO v 01.
Par. Securities Period.
Companies.
Wash. H'ts. 100 100,000 150,415 Beg. bu s.Sep t.'01; V 73, p. 422.
afloat.
'03. '04
*Date. %
12 July '05. 6
West Side*. 100 200,000 685,281 J. A J. 12
10 July'Oo. 5
Yorkville*
100 100,000 306,015 J & J. 11
Apr. 1, 1938
{Bingh.(N.Y.) IstM $1,000 $750,000 A. A O.
Mar.20,'05, 4
Brooklyn
Col'mb's(0.)G.L AH. 100 1,700,000 Feb Mar
July 15, '05,8
12 July '05. 6
100 3,600,000 J. & J.
16
Pref., non-oum
Broadw'y*. 100 150,000 364,784 J. A J
1932
7 July '05. 313
7
Col. Gas, IstM-, g. 1,000 1,500,000 J. & J.
Brooklyn*
50 300,000 163,972 J. A J
Mar. 1,'05, 1
14 July '05. 7
100 1,000,000
{Con. Gas (N.J.) Stk.
City
50 300,000 592,200 J. A J 14
0* 1,000
Jan. 1,1936
5
971,000 J. A J.
2ia
5 Sep. '04. 5
50,000 M. & S
Con. M., gold
C.I.&B.B'z 100 100,000
6 Jan. 15, 1914
16 Sep '05. 4
15,000 J. A J.
16
L.Br.L'glstM.6s. 1,000
First
100 300,000 635,600 Q.-J.
15 Ooc. '05. 3
50 2,000,000 Q.-J. n'ne n'ne July 3,1900,2
12
Indianapolis Gas
Manufac'rs' 30
252,000 628,000 Q-J.
Oct. 1, 1952
5
5
10 May '05. 5
Mechanics' v 50 v 500,000 773,504 Jan M'y 10
IstM 47.500,000, g. 1,000 4,000,000 A. & O. 4
Jan., '05, 2i*
5
250,000 J. A D.
50
3 Jan. '05. 3
§Jack.(Mioh.)GaB8tk
(b)
J. A J.
Merok'cs'* 6 100
100,000
Apr. 1, 1937
5
320,000 A. A O. 5
16 July '05. 8
1,000
Nassau
100 300,000 788,700 J. A J. 16
1st M. 5s, g
400,000 J. A J. n'ne n'ne July20'02,2i«
6 July '05. 3
6
{Madison (Wis.)GAE 100
North Side.* 100 100,000 187,923 J. A J.
6 Apr. 1, 1926
May '05. 4
350,000 A. A O. 6
1,000
8
8
Peoples'*... 50
1st M. 6s, g
100,000 206,858 M. & N
6
V. 71, p. 392.
100,000 AAO 10 6
Deb.,Borip,g.,6p 0. 25 Ac
Prosp't P'k* 100
28,426 Beg.bu> Oct 01. V .79, p. 1617.
100,000
July 1, '05, 4
8
50
800,000 J. A J. 8
Ridgew'd'.
26,^54 Beg.bus May ,'05. V.80,p,1832. Minneap. G. L., Stk.
100,000
1910-1930
6
6
6 Aug '05. 3
6
Consol. M., gold.. 1,000 3,000,000 M. & 8
17th Ward* 100 100,000 100,950 F. A A.
2i« Nov. 1, 1930
6
Jan. '05. 3
6
NewM.5s,$10P0C00C 1,000 1,000,000 M. & a.
Sprague r. 100 200,000
(V)
J. A J.
Nov.l.'05,2i«
2i« Jan. '05. 3
10
(b)
J. & J. .....
Mun'l Gas (Alb, N.Y) 100 2,000,000 Q.-F. 10
Stay ves'nt b 50 200,000
6 July 1, 1906
500,000 J. A J. 6
5 July '05 3
1,000
A J
Union' b
100 300,000 197,869
1st mortgage, g
5 July'C5. 3
5
Wallabout* 100 100,000 101,405
A J
Rochester Gas A Ele ctrlc —See Stre et Rail W'Y Sect ion.
July 1, 1937
5
1,000,000 J. A J. 5
{St. Jos. (Mo.) 1st M. 1,000
Apr '05, li«
6
6
100 1,500,000 Q.-J.
{St.P.(Minn.)G.L.8'h
b Stuyvesant
July 1, 1915
6
t Aug. 23,1905, for national, and Se„t.5, 1905, for State banks.
650,000 J. A J. 6
1,000
1st M., currency
July 1, 1918
6
Bank and Cnlm Bank consolidated under name of latter. See V. 80, p. 1149,
600,000 J. A J. 6
._ 1,000
Consol.
Mar. 1, 1944
5
e Special
133P, 1703; also absorbed the Merchants' Bank. V. 81, p. 131, 593, 731.
Gen. mort. gold.... 1,000 3,261,000 M. A S. 5
20 2,600,000 Q.-F. 10 10 Aug.l,'05,2»»
dividend 100 percent paid July 1, 1903.
d Stockholders voted in Sept., Wash'n (D. C.) G. L..
6 J'ne30,'02-27
300,000 J. A J. 6
t Reg., 6, Series A, g Var's
u Maiden Lane National
1905 to increase capital to $600,000. V. 81, p. 879.
Dec.31,'04-29
6
300,000 J. A J. 6
t Reg. ,6, Series B,g Var's
under
op.Junel,'08
Bank placed in voluntary liquidatlon.'and".converted Into a State institution
6
Ctfs.of indebt.6%. Var's 2,600,000 J. A D.
.
.
1
350,000
200,000
250,000
50,000
300,000
200,000
604,500
103,714
769,904
120,619
13 >,800
133,430
Q.-F.
Beg. bu
Q.-F.
20
.
;
,
.
Q-M
,
.
AD
—
.
.
,
,
1
.
—
.
.
NEW
—
.
—
.
,
M
t> The
of Metropolitan Batk. V. 80, p. 847, 928, 1210, 1831 V. 81, p. ISO.
Sprague National Bank merged In the Mechanics', and to ba operated as a
branch, the capital of the Mechanics' to be increased to $1,000,000. See V. fcO,
x See V. 81, p. 1147. 1817.
% Gansevoort Bank merged In
p. 1089, 1339, 1832.
Fourteenth Street Bank, and capital ofllaHer Increased from 11CO.0O0. V. 80, p.
V.80, p. 1210; V. 81, p. 131,
z Aob rbed by Jenkins Trust Co
1708, 18»9, 243J.
name
482.
;
"
t
{
bondi.
This column shows last dividend on stocks, and maturity on
per cent.
Extended twenty years from Jan. 1, 1906, at 4ownership of entire
,.,„
Controlled bv American Light A Traction by
Tc^ntr^Tled
stock.
V.80,
^tKltufgan Light Co., which
p.
654.
owns
entire capital
--
....
..
..
..
.
1
1
1
RAILWAY EARNINGS.
180
[Vol. lxxxi.
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
Jan.
4 la. Gt. Southern—
1902
1903
1901
1906
(310m.).
(310 m.).
(310 m.).
At. Top.
(310m.)
S.
«3k
1902. .„(7,860
1903. . ..(7,965
1904.. ..(8.313
1905.. ..(8,307
At Inn
Fe Sys.-
to
to
to
to
lc I'ons
to
to
to
to
1902... .(3.589
1903.... (3,885
1904.... (4,139
1805.... (4,229
Baltimore
1902
7,952 m.)
8,213 m.)
3,300 m.)
R 423 m.).
L>1 e —
3,985 m.)
4.139 m.)
4,229 m.)
4,382 m.).
A Ohio—
(3.884 m.).
1903.. ..(3.884 to 3,948 m.).
1904... .(3.948 to 3,987 m).
1905
(3.937 m.;.
Feb.
March.
April.
May.
Jane.
4,598,708
6.386.593
4.74 '.833
6,634,913
4,8-8.285
5 694.733
5 444,334
5,96 7,032
1,414.852
1.410.117
1,475,037
1.689.913
1,247,522
1 352,460
l.flOl
1,4.-8.996
1,729.663
6.3-1,898
5.768.103
6,176,625
5,833.580
5,274.542
5.768,830
6,549,767
5.987,785
6,870,352
8,393,087
612.087
7(7,335
619.195
766.487
643,063
762,274
735,216
806,567
3,246,620
3.997,314
4.398,834
t
210,600
I
195.365
1*50.491
249,*6'J
254.623
260.886
271 9.8
4,277.497
4,329,248
5.346.860
4.669,306
4,794,870
5,257,313
5.529,512
6,960,92
4,953,238
4.911.389
6,376,929
5,407.329
5.407,74)
5*489.11'i
6.6 1 ".2 78
5,215,1:38
1,414,919
1,663,092
1.726.176
1,763.827
1,504,620
1.684,164
1.814,949
1,733,123
1,828,391
1.8i5 300
1,980,746
2,l6l,Oo6
1.523 1 6
1.K87.276
1,759,' 71
1,997,905
4,750,906
4.813,253
4.410,818
6,158,l7i
4,057.053
4,481,478
4,634.806
4.741,660
1,631,304
6,110.350
4.748,> 29
5.52.3.B64
6.1-13,811
5,501.230
5,723,6 14
478,514
573.636
482.9^
604,77
353,326
636,985
4J4.620
632,433
516,540
2,621,792
3,148,456
8,852,502
2.349,038
2.827.20O
2.541.862
3,056.094
762.443
850,053
807,208
744,9 ,*3
4.878.1 5 ^
6,910.681
6,996,696
:
5.338,4--;
5, -4;>,i8)
1.607.8 9
720.109
1,682.432
1.799,703
1.82 2,735
1,764/90
8,002,103
2,032,71
5.113,458
6.720,893
6.24 ',966
6,810,175
5,088,886
1
Sept.
4,444.282
4.48 '.6 w
5.117.467
5,880,662
I
205.204
239,951
248.162
280.413
27/, 9. '6
Aug.
2.11,729
I
188,458
833.853
260.373
810,60c
830,374
223,563
252,415
271..8*
July.
I
227.481
268 522
274.820
294,001
I
203.584
806,566
258.88
215,273
t
5.835. 86'i
f
202,440
243,*4J
236,4 9
Oct.
t
I
239,431
274.820
298,766
225.613
259 653
280.989
293,266
(472 m.).
(472 to 500 m.)
(500 to 553 m.).
(o63m.).
(7,590
1908.... (7,690 to 8,044
1904.. .(8.044 to 8,568
1905
(8.568
m.).
m.).
m.).
m.).
I
Total.
«55 400
297,933
816,203
272,557
311,613
2.676,458
2,971,086
8,315,804
2.31,820
6.910,930
6.578 025
5,649,380
6,648,192
6,343 338
e,ls7,014
5,539.367
6,035,718
6,236,182
69,953,880
66,467,613
66,974,016
1,534.934
1.800.343
1.766.71"
1,916,883
1.675.963
1 789,300
1,917,871
1.638.815
1.872,388
1,981,618
18,653,809
19,916,743
21,872,686
5.430,434
6,028,069
6.0.8.760
6,517,806
6,533,672
6.022.816
6,131,078
5,029.951
6.819,863
6,767,747
4,051.813 60,071,409
6.189,879 tf.e.196,648
5,412,259 66,800,262
643,552
707.342
73 < 634
307,0c 9
704,513
594 810
710,18ti
746,39*'
643.772
693,932
3,651.184 8,651,482
4.078,154 3.98 ',00
4,474,237 4,220,876
4,796,734 4,816,000
4,127,402
3.976.069
4,488.3*<4
4 142 009
4.743,962
4,751,970
880,868
782,633
925.167
879,9 99
959.89
1.107,704
1,612,763
538,976
511.818
643,116
6,678,594
7,769,490
7,686.052
8,959.146
4 264 816
1,532,143
40.120,406
46.348.956
48,714,665
791932
816.381
868 765
958,021
028 391
998,528
8,362,877
9,418.880
9,957,993
1,087.387
1.943.011
1,907,802
1,730,69 5
1.801,074
1,810,001
1,629.721
1,764,830
1,838,603
16,319,481
21,818,036
22,126,882
1.181,846
1.672.707
1,718,890
1,325,627
1,714.738
1,807,167
1,428,428
1.666.623
1,719,680
1,445,167
1,578.929
1,721.082
15,631.626
18.771,370
20,106,363
873.853
1,073.534
1,268,158
925,387
1,121,227
1,300,783
848.270
931.876
1,164,332
848,778
948.506
1,017,987
12,229,600
676.943
749,399
712,557
753,616
889.669
764,864
676.554
776,803
707,421
647.323
685 208
662,186
7,477,366
8.828,072
7,738,189
481,102
621,842
614,168
400,511
124.601
468,357
393.953
405,918
446,209
1,781,076
6.S46.252
6,882,589
1,814,701
4,838,538
6,015,819
4,390,781
4.440 776
4,524,621
8,903,803
4.168.007
4.183,830
46,404.839
48,688.423
48,784,057
3,585,525 8,287.912 3,474,204 3.772,824 8,960,122 1.O00 368 3,982,050 4,214.840 4,610,252 4,811.811 4.174,032 3,737,991
3,546.046 13,497,39V (14.449.369 (14.501.715 (14,333.856 (14.796.729 (11,766.402 d4.843.746 (15,183,331 (J5.548.178 (14,721.250 dl, 211,331
8.792.662 3.709.125 4,350.331 4,033.260 3,835.909 4,330,557 4 625,080 4,929.010 6.3i6,6;54 6,872,670 4,833,951 4,441,871
3,872,605 3,403,306 1.361,789 4,3c9,794 4,603,357 6,011,816 4,923,30; 6,361.303 6,768,337
17,571,111
681,135
652,128
662,86.)
408,597
684,992
561.761
658,670
768,117
618.182
707.720
688,830
736.031
2,953,770
3.615,752
3,532.187
1,132,961
3.263.R49
3,: 95,894
4,061,605
4,32 Mil
3,837,088
8.902.962
4. 11 3.626
4,289,131
3,179,971
4,152,610
4.416,865
4,430,026
655,089
843.147
834,466
707,467
631.708
826.4 74
852,3o3
937,58c
688,878
673.239
651,400
740,478
556.716
833 315
563.864
669,166
660,127
668 333
750.866
745,651
877.960
72.5.9.42
763,66;:
1,309,512
1.217.280
1,838,851!
1,620,53;*
1,539,960
1,673,893
1,563.503
1,615,893
1.13S.670
1,566,10^
1,693.380
1,930,003
1,580.377
1,748 610
1,939,303
1.968,166
1,196,124
1,748.007
1,921,915
8,113,182
990,874
2,192 211
2,093.577
2,182,280
1,161.911
1.886,587
1,921,655
2,071,766
1,819,375
1,933,260
1.979.576
8,218,388
1,839.846
1.550.587
1,225,252
1.310,929
1,440.088
1,147,251
1,434,081
1,603.769
1,667,820
1,843.314
1,403,857
1,599,333
1.641.959
1,8 3.776
1,442,873
1,502,160
1.617,912
1,8)2.180
1,194.023
1,530,050
1.737,71"
1,843,655
1,041,652
1.571.375
1.871.601
1,775,6 13
1,187.084
16 '5 291
1.819.781
1,967.281
780,002
846,899
908.103
769,808
691,757
756,958
874,007
703,826
837.703
848.928
85 ;,2o2
787.714
68»,&6
662,058
802,009
783.172
786.389
806.474
952.907
947,140
930,637
890.288
1.047,166
1.198.084
1,058,300
629,088
815.126
599,894
690.880
651,679
689,879
595,875
49J,2;4
631.575
877.566
719,666
692,673
683,796
639 623
629.770
613,559
688,150
633.162
686.531
604,812
648.793
680.632
653,789
62-1,714
616,979
632,569
625 195
714,3^4
331,081
367,388
341,629
380,614
287,820
356,675
353,333
886,327
467,063
421.695
4:6.370
394,170
449 178
434,273
436. a2S
420,629
439 524
454,778
496,507
391,161
436,408
444.849
494,139
406,410
482,018
458.350
493,181
448,107
492,6)8
610.525
660,011
3,598,939
3.493 148
8,852.433
3.666.000
8,091,541
3,391.355
3,411.192
3,311,570
8,740,389
3 195,769
4.033,778
4.291.023
3,437.903
3.848.1-1
3.62 V.85
8,484.399
3,70*2.3-2
3,-i62,36S
3,9u0. *64
8,873,717
1,050.928
3.836,193
4.240,631
3,681,393
4.169.013
4,002.820
8,9o5,687
8,984,072
4,178.541
4,205.054
4,i67,405
Canadian Pacific—
1902
Deo.
i
6.141,070
5.870.W13
6,166,310
Butt. Koch. Jk 1'iitHb.
1902
190 i
1904
1905
Nov.
2.896,59.*
632.^2
642.919
826 191
4,62,(,17j
Central ol Georgia—
..(1,845 m.).
1902
1903. ...(1.845 to 1,877 m.).
1904.... (1.877 to 1.878 m.).
(1,878 m.).
1905
New Jersey—
Cent, ol
(638 m.).
(638 m.).
(638 to 6*9 m.).
(6!i9 to 603 m.)
Chesapeake Jt Ohio—
1902.. ..(1,607 to 1,636 m.).
1903.._(l,636to 1,641 m.).
1904.. ..(1,641 to 1,671 m.).
1905.. .(1,671 to 1,707 m.).
1902a
19030
19049
1905&
.
Chicago <& Alton—
1902
1903
1904
1905
(920 m.).
(920 to 916 m.).
(915 m.).
:(916 to9;0m.).
1,652429
1,652,569
7/5.661
897,166
703,489
960.59.)
Chicago Gt. West.—
1902
1903
1904
1905
....(930 m.)
(930 m.;.
M8m.).
(933 to
(818 m.).
74 -.957
956,138
916,328
532,650
707,815
600,36;
Chic. Ind. A: Loulsv.—
1902
1903
1904
1905
(547 m.).
(547 to 566 m.;.
(558to?91m.).
(591 m.).
Chic. Mllw. Ac St. F.1902. ..(8,746 to 6,754
1803... .(6, 754 to 6,833
1904.... (6,833 t0 6 9u6
19C5
(6.908
Chic.
1902.
A
m.).
m.).
m.).
m.!.
North VVest.-
(5,638 to 5,921 m.)
1903d.. (6.941 to 7,412 m.).
190ld
(7,412 m.).
1905d
(7,108 m.).
Chic. St. I*. IU. ArO.1803.._(1,591 to 1,657 m.).
1903.... (1.657 to 1676 m.).
1904. ...'1,676 to 1,686 m.)
1905 ..'1,676 to 1,686 m.).
. .
366.68'
956.360
959.364
919.878
829,691
818.870
836.511
773.53*
761,006
982,062
458.589
190.792
506.641
581,311
428,865
3.581.435
876,877
936.76./
868.648
924.008
769,163
869,6.5
511,067
477,519
626,399
572,401
637,645
480,081
567,803
654.031
610,(99
647,887
810.323
610.510
613,361
1,229,706
1.371,470
1.484,808
1,496,776
1.460.436
1,725 376
1.714,430
1.818,272
1.403.597
(1,8*1 m.).
(1.891 m.).
1.429,596
1,551,489
1.3 8.419
1,614,816
1,532,048
1,806 680
1,775,884
1,768,776
A- Soulhern1902..„(l,145to 1,121 m.).
1803
(1,121 m.).
1904.
(1,121 m.).
1905
(1.121 m.).
452,457
619.807
416.452
510,941
417,946
451.735
399,120
42 3,32.
158.690
459 8^1
398.903
1,121,26.3
(2,393 m.)
(8,808 m.).
1905/.. (2,388 to 2,420 m.).
1.867,091
1.371,161,218,38a
1,846,817
1902
1903
m.).
3.298.490
3,061,624
m.).
m.).
3,376,811
Cln. N. O.
A
CI. Cln. Chic.
m.).
m.).
St.
1905
A
m.).
m.)
Klo Grnnde—
!9o2/. (2.378 to 2,398 m.)
.
1903/
1904/'
Erie—
(2,153
(2,163
1904. ...(2,153 to 2,150
1905
(2,150
m.).
8.056.881
Gt. North'n System
458,53:-;
522.2*o<
561,306
4,443,216
4.418,738
4,390,137
54,875101
53,696,150
1,327,252
1,243,403
1,286,785
1,081,243
1,001.171
1,099,203
972,740
1,055.514
1,067.627
11,907.521
12,055,268
11,480,169
600,338
680.4 77
639.5-8
694,090
602,978
666,632
466.482
685,6h0
636,614
462,106
529,587
803,509
5,811,799
6,876,930
7,058,621
1,745,191
2,001.298
8.126 088
2,153.266
1,746,928
1.985.118
2,150,493
1.797,510
1,848.617
2,302,609
1,702,500
1.697.709
1,892,646
1,701.943
1.697.237
2,005,391
18,976,576
21,197.783
22.141,108
527.911
653,719
490,749
596, * 92
506,472
560,787
638.696
904,339
993,086
151.696
989,9 »6
896,250
951.872
847,821
919,134
1,019,626
1,015,677
977,702
1,023,981
1,206.210
610.602
593.160
673,881
473.080
634.338
667,441
61 3,386
503,477
642,628
628126
1,569,037
1,860,254
1,764,084
1,890,912
634.404
550.7(7
450.697
600,919
514,200
540.721
488.880
1,459,182
1,402,546
1,518.784
1,619,392
1.321.638
1,505.427
1,570,494
3,860,886
4,455,601
4,103,880
4,108,769
1.100.6H
1.220.995
1,278,818
i
1802<... (2,186 to 2,685 m.).
1903e*_(2.9i6 to 2,89'
.).
1804e...(2,897 to 3.155 m.O.
1805«
(3,165 m.).
m
.
neap. Ac St.
I
,
574,'
53
532,817
500,411
5(5 850
680,5y0
609.141
469.838
550,001
6,820,469
8,369,138
6.633,084
1,546.704
1,643,487
1,531.999
1,689,176
l,62n,637
1,683,378
1,511,787
1.343.4:0
1,530,406
1,443,503
1,237.883
1,447,717
17,168,801
17,012,289
16,440,471
3.511,494
4,224.341
4,021,023
3,818,162
3,335,611
8,933,081
4,040,135
3 489,851
4 002,222
8,867.878
3.112.611
3,753,903
11,659,237
17,689.887
46,106,925
4.118,782
4.199,144
3.837,891 3,89 7,794
3,972,639; 4,163,630
4,«77,203
0.0)8,972
4,817,317
4,277.888
4.179,2o6
4,669,323
3,398,388
3,270.663
3,710,297
40,206,623
41,910,161
41, 334,(49
660.58J
3.011. 634
8,419,70.*
2,309,981
3.001,010
2.8 3.572
3.3i7,8y2
2,917,213
3.211,030
3.014,643
3,68 (,6«3
3,195.400
3.647,647
3,120,313
3.762,186
3,459,845
3.686,024
3,072.716
3,895,160
409.821
176,277
163.45m
402.130
450,078
522,093
3; 0,052
4 i7,668
608,613
607.677
391,008
623,486
624,403
653,730
481.858
627.672
525,168
569,388
555 4^7
504,992
552,074
684,167
609.473
676,791
403.820
565,898
619,113
607,070
559,92
669,883
477.804
488 861
510,760
425,053
44^,0^8
172,236
5,604,321
6,282.778
6,803,354
8,509.116
3,968,657
3,316.238
8,462,870
4,043,794
3.794,563
3,821,078
8.800,318
3,343,770
8.400,469
8,734.458
3,79.5.931
4.087,
3,822,203, 3.971,102 4,003,983
K.806.1H4 4,214,203 4,340.706
3,743,999 4.016,836 3.907,295
4,044,808
4,857.313
4,577,740
3.741,380
4,071.681
4,439,660
3/;87.l02
8,806.150
4,183,103
48,212,986
47,161,478
43,669,356
37-4,8*2
421.26*
366.630
490,603
341,829
421,069
414,991
•451,900
327,168
412.597
406.060
486,622
18,3.8
45 ,261
636,078
664,846
655,146
665,906
837.487
699,017
509,798
654.769
857,894
644,349
587.658
605,271
5,248,911
5.887,168
6,380,119
•197,100
601,000
207,333
176,671
199.026
2^6,927
208,478
194,759
193,336
216,121
201.518
202,615
2»8 337
231,633
807,088
210.079
2X8,761
•816,782
227,786
218,523
217,118
208,937
198,592
191,113
220,628
2,518,201
2 371,664
2,484,860
8,662,200
3,058 988
2,923.848
8,165,100
2.709.244
8,024.332
2.85M.-40,
3.3J7.932
2.771,892 2,888.119
3,0 7,93*4 3.125.344
8.157.H80 3.25 7 ,/32
3,4)2,605 3,467,730
8,156,672
3.413,901
8,478,534
2,956,483
3,005.904
3.186.466
8,358,334
83,029,025
36,811.414
87,629,928
2,223,376
2,399,087
2.241,84V
2,553,703
873.1
77
401.928
405.618
2.398,666
1,4110,16*'
WO
3,9.10,415
3,959,300
1.609,2041
1,424.977
1,693,261 *i,71;.40J
3,678,875
3 791.477
4.000,06.1
4,565,6.43
3 530.371
388,041
411,884
397,359
368,813
886,697
873,289
6.5 231
214.377
220,294
205,349
212,037
207,772
180.761
190.849
169,683
222,021
213,873
216,087
218,883
177,864
183,996
170.363
i.05,320
208,745
180,656
178,219
207,875
2,724,756
3,060,768
3,068.235
8.180.235
2,101,649
8,777,583
3.113.928
2,774.610
2,606,37^
3,084,871
8,246.607
8,623,213
2,620,550
2,961,620
2,879,231
8,143.074
2,625,300
3.024,385
2.868,813
3,206.271
1,629,970
2.020 610
1,450,657
1 929.987
33,880
2,018,138
fcl, 808,258
2.1 18,4 -6
2,2 16,627
517,764
644,393
5-2,623
633,826
487,672
690,574
693,642
439,545
640.373
635,387
63°,628
597 924
522,303
513,936
699,723
657,384
652,386
185,583
551,431
B7«,46M
526,322
527,770
542,838
570.803
503,661
633,803
586,801
867,69
619,09*
('60,471
5l1,o:i6
542,512
5 19, '66
475,781
48 1, .33
684,358
549,429
686,334
564,057
605,029
506,874
639.947
697,862
579,324
6.543.161
7.091.888
8,891,194
282,978
222,219
80H.H8S
222.324
822.569
199,643
178.770
192 778
898,169
235,86
836.403
877.1
271,143
231,100
196,187
241 869
289,700
227.943
340,2»5
256.008
V40.O98
311.214
817,613
246.223
246,815
207,163
807,023
886,067
2S3.-45
32 .034
851,232
269,853
8 '4.877
•35 2.949
341,098
305.700
251.072
261,017
866,627
207,141
232,113
8,576,948
8.971,896
8,832,958
408,661;
2,1
2.163. 9)
2,444.961
2.3 3.306
Mexican Internai'l—
1902c... ...(848 to 380 m.)
(8S0m.)
1903e
1901«
(880m.).
1«05«
...(880 to 883 m.).
643,806
666,773
681681
2,722.17'-
1902
UT03
1904
19C6
Mexican Central—
S84.!203
1,923,578
8,188,828
4 42-.2S2
361,883
393.011
(543 to 568 m.).
(558 m.).
(558 m.i.
(558 m.).
Louisville A- Nnnhv.—
1908. ...(3,313 to 3,441 m.).
1903.. ..(8,441 to 3 579 m.).
1904 ...(3.679 to 3.e44 m.)
1906a . . (3,973 to 4. 101 m.)
472.652
613.698
8,247,869
4 393.929
4.092.633
4,32 (,875
432.018
513,086
4-9.S66
431,4(U
lown Central—
433,086
481.243
379 880
441,12?
1,612.372
Intern'l A- Gt. North.
1902
l,0ll,s07
3.321,228
4,261.190
3.109.030
l.Wj.l'Jf
('86 to 1,063 m.).
1903... .(1,053 to 1,149 m.).
1904... (1,119 to 1.159 m.).
1905...
(1159 m.).
(4,300 to 4,328 m.).
.;
1.637,5.3
1,853,080
2,039.01.3
2.1188.743
3.686,883
4,101,221
3.818,263
3,816,689
3.114,907
3,466,285
8.707.757
8,613,523
1902.... (4,281 to 4.300 m.).
1904.... (4, 328 to 4.3 4 m.).
1906
(4.374 m.).
<
621
t6.),4;?
8.364.92S
3.865.9 -i
3.681.883
3,602,739
3,493,554
3.777,861
3,651,170
4,036,967
1305
(346m.).
Illinois Central.—
2,847,136
i
1. '-33
6U.706
•J06.760
2,752,398
3.353.24
2,998,800
2,713,080
817.901
i"346
(348 m.).
(346 m.).
1804. »
1902
1903
1801
1906
444,812
503,239
614,864
1.140.698
1,088.677
1,092,813
407,522
430,356
398,113
406,799
1908
1903
l ii
785,560
1.389,613
1, 410.88;
1.318,682
1,147,360
m .).
Hocking Valley—
M
9,609,166
10,981.95'
1,823.176
1,339.8.
1.249.515
1,311,-83
2,535.1 If
8.728,436
2,607.2 8
..
795.0(7
883,973
730741
997,652
1,770,863
1.834.75"
2,169,759
1,227,778]
1,35 2.985
1.182.986
1,303,118'
1902». .(6,451 to 6,048 m.).
1903'. .(6,849 to 5.-88 m.).
1904^..(6.883 to5.9.*l m.).
1905*... (6,961 to 6,110 in.).
1803.
890,12.:
887,840 1,016,678
L.-
(1.891 m.).
Colorado
Oenv.
A
(336
(336
(336
(336
(1,891m.)
1801.
<.626
870.924
682,150
686,887
Tex. F.-
1902
1903
1904
1805
1902
1903
99
877,871
714 975
69.2,899
3,751,182
352, .06
471,918
4.024,226
4,110,694
383,691
4
1
>
fcl.764,664 fcl.894,531 lel.697.789 /cl,646,803 fcl.699,137'kl,679,028
2.213.147: 2.139.876 8.079 114 2.0)2.843 2,052,815 2.020.816
2.347,081 2.336.071 2 103,665 1.976.8i4l 2.08*».896| 1,981,422
2.270,240 2,133,651 2,215,810 2,149,239j 2.1:91,684
11.8
321
826,037
3,085348
3,429.006
,995,171 kl, 885,090 k2.031,829 k2l,132,227
2,228,68) 2 '4 i.t'99 2.166 362 25,064,351
2,253,234 2,010,909 2,213,561 26.964,979
fc)
on In
(043 m.)
(643 m.)
(643 m.;.
„(785to793m.)
Approximate flgures.
197.811
868 521
299164
K09.332
*
a Figures for 1906
t These totals include corrections made subsequent to the appearance of the monthly raturns.
.1 Includes t^ns-Missourl lines beginning For.. 16, 1003.
include the earnings of the Atlanta Knoxvlile & Nortnern Railway.
« Figure* are given In
Mexican currency.
Monthly tlgnre.i On not molude New York A Long Branoh Division.
k These figures
Includes Rio Or. West'n in all the years.
/
uc!ude results on Monterey & Mexican Gulf from March 1, i902 and also Mexico Cuernavaca * Paciflo and Rio Verde Branoh, etc., from Jan. 1, 1903.
I
...
...
.
..
.
.
!
.
RAILWAY EARNINGS.
Oct., 1905.1
181
MONTUL* GROSS EARNINGS OF PRINCIPAL RAILROADS—(Conclude
Jan.
Minn. St. P.
9.S.M.
eV
1902.
.
eV Iron
2,991,4-9
3,005,471
3,135,690
3,849,405
2,955,879
3,324,802
3,289,412
3,611,290
2,757,380
2,997,317
3,232,053
3,818,150
8.078,782
3,243,793
3,069,205
8,511,808
3,e»5,178
3.760,447
580,616
074,207
838,783
627,88=
614.284
670,082
683,642
654,532
558,943
729,020
647,899
768.027
557,622
725,086
564,748
663,112
699,364
519.834
052,041
716,975
539,390
631,976
«2 7,206
699, Mc
566,262
028,853
595.397
703,435
661,353
693,143
638,209
61-93)2
676.610
852,641
900.650
903,705
661,936
815,209
825,012
839,050
694,907
m.).
m.)
619,041
776,896
845,722
708,331
726,610
877,678
865,419
83J.810
739,819
809,475
804.9 17
801,849
735,808
829,616
838.761
873,77*
m.).
m.).
m.)
m.).
686.334
809,243
972,381
997,863
677,110
823,646
931,322
932,814
717,981
1,007,683
1,013,791
1,090,848
744.580
1,044,988
743.134
996,049
997,301)
1,005,38
1.073,496
718,904
1,065,271
936,471
1,010,7 15
799,817
1,035,82*
1,018,1.81
5,401,007
6,239,441
5,380,74"
6,044,458
4,499,413
5,810,621
5,390,449
6,395.334
5,483,020
8,616,920
6,460,268
7,008,296
5,783,793
6,605,86
6.319,977
0,b56,ll2
5,963,616
8,712,479
6,369,999
7,187,602
6,907,730
6,724.770
6,551.373
7,063,861
0,030,838
8,849,404
6.443.618
7,135,893
6.737,847
7.092,029
7,321.819
8,l48,l>5
6,701.679
7,050,153
7,350.54 )
468,498
689,063
449,094
491,212
833,865
538,926
455,321
419,793
468.488
557,227
634,201
680,065
463,888
663.950
634,303
590.664
370,758
031.952
570.497
660,634
862.045
042,706
642,873
671,164
837,845
683.197
840,808
703,638
408,215
680,890
702,57"
783,954
1,516,620
1,776,202
1,777,597
1,900,395
1,882,779
1,602,290
1,680,332
1.741,571
1,486,865
1.9L5.995
2,054.606
2,176,014
1,571,818
1,950,400
1.900,661
2,098 580
1,647,236
1,902.558
2.013.603
2,223,003
1.374,787
1,908,658
1,975,912
2,168,942
1,682,837
1,948 524
1,809,571
2.127,747
738.736
858,136
697.336
740,036
601,479
716,379
719,579
670,179
671,310
8*9,210
768,210
830,910
768,902
802,602
898.602
868,702
710,565
861.105
901,865
063,665
611,602
872,702
933, 702
628,416
921,015
838,315
853,015
3,088,377
3,285.7u6
3,108.691
3,321,012
2,872,663
3.015,700
2.941.940
3.170,258
3,162,616
3,517,057
3.539.791
4,350,189
3,302,055
3,674,437
3,673,990
4,100.781
3,406,274 3,605,925
3,799,831 4.245 950
3,716,113 4.074,651
4,487,190 •4,451,073
8,860,670
4,144,035
4.071,^88
4,568,305
8,682,774
9,567,174
8,473,874
9,310,774
7,553,334 8,680,105 9,099,777 9,901,938 9.596,059 9,771.503
8,229,524 10,133,604 10,767,67" 10,824,538 10,827,859 10,995,403
8,345.424 9,624,40) 10,388,277 10,106,138 9,777,659 0,481,103
8,638,824 10,532,304 10,855.877 11,519,838 11,487,769 10,831,703
8,604,049
3,084,935
2,513,729
2,957,610
2,147,895
2.794,984
2,574.171
2,602.203
2,440,129
8,106.731
2,962,813,402,203
2,768,303
2,978,185
3,223,417
3,820.457
2,251,710
8,295,110
2,956,970
8,550.177
1,850.339
8,321,000
3,08u,323
3,491,592
1,921,175
3.131,419
2,658,061
8,192,587
2,997,579
3,934,780
2,193,320
3,977,386
3,429,204
3,310,330
1.772,280
1,098,041
2.279,380
1,928,818
8,233,050
2.861.155
4,450.20 1
4,610,635
1,166,818
8,952,838
3,347,691
3,612,018
5,262,110
6,277,622
5,511.308
5,942,296
4,341,215
5,772,370
0,003,376
6,912,533
4,212,416
4,803,772
5,842,204
6,331,072
5,998,353
5,839,340
7,678,624
7,b30,992
3,418,623
6,247.948
6,804,001
7,103,525
2,297,518
2.283,150
2,214,010
m.).
$
876,949
438,187
389,207
623.873
I
450,347
664,785
468,817
771,510
1,311,088
1,403,33*
1,193,749
1,460.081
2,913.85b
3,693,937
I
400,715
465,570
481,834
662,828
3,634, 5f>7
lu-
RR,
of
K. V
C. iV
.
m.)
Mexico1,390
1.600
1,699
1,813
to
to
to
to
Hud. Ki v.-
1908a'
(3,320 m.).
1903d... (3,320 to 3,422 m.).
1904d.. (8,432 to 3,490 m.l.
1905d...(8,490 to 3,516 m.)
N. Y. Ont.
4fc
1902
1903
1904
1905
West'n(481m.).
(481 to 648 m.).
(648 m.).
(548 m.).
Norfolk
<Sk
Western—
1902.... (1,076 to 1,710 m.).
1903....(l,710tol,72*m.).
1904... .(1,722 to 1,769 m.).
1906. ...(1,818 to 1,834 m.)
Northern Central—
1908
1903
1904
1906
(448 m.).
(448 m.).
(443m.).
(448 m.).
Nortbern Pacific—
19026. .(5,302 to 6,394
19036. .(5,394 to 5,010
19046
(6,010
19066.. (6,617, to 6,691
m.).
m.).
m.).
m.).
Pennsylvania—
t
844,408
802.550
Nov.
t
Oec.
Total.
t
613,454
531,982
735,761
6,825,377
7,276,517
.7,698,376
707,023
707,438
823,797
907,041
807,314
St.
(1,196
1903c... (1,196 to 1,201
1904c. (1,201 to 1,226
1905c
(1,220
1902c
1902e... (1,328
19O3«...(1,390
1904*. ..(1,500
1906c. .(1,683
$
723,294
786,«( 3
772,595
8,530,390
3,090.146
3.531.229
3.741.302
Mr.—
m.).
m.).
m.).
m.).
Bat'l
f
I
692,278
689.732
041,479
777,484
Oct.
1,266,718
1,411,426
1,107,85
1,571,455
(874
(874 to 912
(912
(912 to 926
Naihv, Cbatt.dk
Sept.
1,111,690
1.298,032
1,381,393
1,339,837
Ohio—
1902a
1903a
1904a
1905a
t
Auk.
July.
1,172,754
.
<3k
June.
1.837,896
1,395.285
1.331,847
1,667,726
1903.... (8,061 to 6,110 m.).
1904. ..(0,110 to 6,182 m.)
1906. ...(0,182 to 0,237 m.).
Mobile
<
May.
1,210,337
1,332,670
1,307,420
1,090.308
L8M
(5,570 to 6,661 m.)
.
April.
I
627,984
679,525
480,220
072,967
«v Texas ItfOfcfl. ..(2,480 to 2,002 m.)
1903ff...(2,602 to 2,803 m.).
I904o.. (2,863 to 3,012 m.).
1906 a
(3,042 m.).
Mo. Pac.
Marcb.
535,008
676,910
474.765
651,663
1902. ...U.855 to 1,462 m.).
1903.. ..(1,462 to 1,499 m.).
1904.. ..(1,469 to 1,029 m.i.
1905 ....(1,089 to
m.).
Mo. Kansas
Feb.
849,131
860,659
855,427
538,760
028,810
051.820
79J.819
l,09-i,050
1.410,797
1,398.180
92,90*
1,871,559
1,827,102
1,388,397
1,020,741
•V01.150
8,344,08C
3,002.031
876,038
932,200
579,989
803,680
009,578
910,308
938, '..96
742,101
770,391
912,186
1,663,460
1,018,585
1,919 122
1,345,950
1,894,857
1.W74.115
2,300,920
1,"80,313
1,733,952
3,005,317
1,374,148
16,709,896
1,646.01
1,052,922
17,570, '36
19,043,576
3,313,540 3,283.006
4 020,331 8,971,041
4.091,945 4.078.724
3,809,031 3,041 ,881
3,704,690
4,067,477
4,244,4 S7
3,518,463
3.019,929
8,823,073
3,390,050
3.092,352
3,752,101
37.495.687
43,095,768
43,093,615
605,252
639,728
705,822
639,675
710,373
781,014
614,880
682,291
759,947
620,683
714,428
6,976,170
7.782 686
8.038,239
746,984
831,876
867,599
83), 701
922,2«7
878.863
903,524
777,768
813,080
872,349
776,886
853.219
866,414
8,675,852
10.005,987
10,378.507
790,030
803,073
830,673
930,819
948.057
896,754
1,078,330 1,007,705
806,161
857.521
919,890
865,143
866,605
904,892
918,702
1,006,890
1,037,377
9.282,859
11,344,019
11,589,240
6,799,355
7,106.703
7,170,818
6,427,977
6,000,896
7,014,224
0,202,780
6.443,525
6.893,984
71,944,001
79.909,415
78,573,205
350,081
603,800
594,419
384,149
103,484
592,578
612,263
688.8-3
578,642
600.163
407,330
544,523
6,057,188
6.950,456
6,845,317
1,713,403
1,927,290
1,961,587
2,394,0j3
1,710,120
1,883,601
2,012,036
1,714,621)
2,031.1-90
2,049,180
1,029,027
1.771.602
1,934,253
1,648,647
1,826,164
1,997,318
18,918,718
22,606,3P9
33,229,099
681,886
919,030
919,236
919,430
705,019
879.319
935,710
709,907
880,707
990.207
776,037
834.887
894,937
3,869,278 4,632,580
4,183,740 4.611,213
4,371.171 4,096,782
4, 993,71^ 5,337,812
5.828,186
5.243.637
6,377,836
4,379,490
4,552.600
5,106,613
1
,435,14(
1,439,5«3
l,630,82v
1.723,t33
912,834
1
665.41-6
8,!0J,3tf7
803,910 88,456,685
824,240 »10,310,085
8*5,540 10,288,318
3,759.165
3,799,120
4,351,763
45.201.578
47,973,126
49,989,030
&
(All lines east of P.
B.)
1902+T. (3,073 to 3,640 m.)
1908+1.(8,040 to 3,658 m.).
190411.(3,658 to 3,681 m.).
19O6+T.r3,081 to 3.888 m.).
Phlla.
Keading-
tfc
1902
(1,003
1903... .(2,607 to 1,010
1904.. ..(2,607 to 1,012
1605
(1,016
Coal
<fc
m.).
m.).
m.).
m.).
Iron Co.—
1902
1903
1904
1905
Total both Co.'s1902. •....•••••......,,
lyos
1904
1905
Rock Island System—
1902p. .(3,819 to 7,i-33 m.).
1903r.„(7,033 to 7,233 m.K
190lr._(7,23S to 7,274 m.).
1905r. .(7,197 to 7,203 m.)
St. L.. dfc 8. Fr. !3y s.—
1902... .(8,202 to 8,534 m.).
1903... .(4,330 to 4,831 m.).
1904.. ..(4,891 to 6,870 m.).
1905 ...(£,870 to 6,022 m.).
St. liOUls
Southwest.—
1903
10,106,990 9,822,760 10,516,975 9,465,825 9.529.375 112,663,395
11,141,890 I0.«80,75 10,725,575 9.799,960 9.228,175 122,626,419
10,290,890 10,888,650 10,728,875 10,463.526 10,097,675 118,146,194
11,967,400
)
1,939,444
2,982.121
2,817,873
2,244,542
3,399,736
2,887,469
2,759.211
3,135,858
3,099,278
1,992,195
3.072.S82
2,954,758
3,492,781
191,783
3,180,385
8,026,150
2,786,705
258,197
8,025 698
2,337,939
1,844,937
242,313
2,"50,«4«
2,281,211
3,279,30.
155,316
2,141.012
1,971,823
616,996
2,421.628
3,233,363
2,048,108
0.605,285
6,005.479
6,327,307
2,177,372
6,157,017
4.999 3'6
4,943,275
2,234,508
5.923,8 1
5,235,983
6,773,142
2,094,760
6,043,133
4,789,690
2,761,638
5,412.33*
6,023,098
2.6c5l,437
2,9*40,804
8.787.531
3,201,588
27,912,369
36,247.813
35,440,677
3,391,226
2,901,859
2,906,794
8,681,643
17,631,192
32,583,391
36,417,438
5,232,187
6,154,279
6,537,034
5,762,478
5,694,325
6,883,231
45,543.501
68.831,104
73,864,105
8,344,718
2.396,1168
2,861,1 19
r3,323.456 r3,776,807 r3,91O,908 r4,278,680 r4,461,146 r8,873,015 r3,978.790
1/3,888,296 U3 583.375 1/3,680,486 1/8,618.168 1/3,198,735 1/2.903,07* 1,3,937,780 l/4,413,26i 1/4,390.697 1,4.432.933 l/3,ull,772 1/3.881,582 1/45,738,046
1,3,478.079 </3.42",810 1/8,695,69" t'3,088,339 1/3,025,225 1/3,333,615 j/3,033,9»8 1,3,896,814 1/4,117,881 1/4,318,913 1/4,132,406 1/3,040,163 1/43,441,689
18,471,855 1/2,791.104 i/3.795,035 1,3,289,652 1/3,498,374 i3,76;,112 1,8,371,88'. 1/4,481,59;
1. 799,577
1,817,117 1,691,297 1.748,970 1,702,697 I,818,e69 2,037,935 3,137,752 2,348,520 2,068,110 1,987,004
2,693,261 2,683,418 * 2,595,81k 2.513,986 8,895,227 8,197,932 3,191,717 3.357,892 3.09 '.720 3,118,803
* 2,986,857 2,632,0 10
2,642,320 2,635,385 2,783,603 3,412,434 8,636.443 3.843,614 3,610,405 3,440,551
2,480,619 3.251,411 2,956.991 3,022,430 3,002,137 3,150,844 3,552,174
22,754,315
34,653,010
87,342,696
1,598,671
2,759,480 2,460,711
2,911,360 2,870,434
$2,979,676
779,750
733,489
909,697
709,163
7 1,413
848,772
660,1«0
783.78?
874,578
7,281,928
7,479,828
8,337,323
1,160,879
1,137.08*
1,205,408
1,021,282
1,102, *06
1,117,223
1,154,915
1,016,401
1,142,18.
1,130,399
12.101,637
12.943,711
18,454,390
8,007,016
8,218,02s
8,136,951
8,279,211
8,«13.845
8,938,408
7.945,320
8,394.958
9,071,428
7,973,286 85,798,789
8,636,773 8 92,098,384
8,413,360 92,613,591
3,493,856 3,620,348
8.754,000 8.806,640
4,041.551 4,2-9,641
4,258,535 4,428.8:7
3,872,389
4.100,553
4,434,303
3,505,722
3,740,793
4 208,706
3,531,903
3,910.017
4,239,516
40,177,483
44,072,293
47,028,224
956,122
044,345
1.168,004
1,194,834
1,341,776
1,136.537
i,2M8,370
1,409,395
1.269,094
1,410.722
11,336,601
12,094,748
12,433,116
260,581
362,716
376,917
281,718
349,934
364,323
206,077
260,061-
311,:-!69
874,753
233,347
315,299
2,977,141
3.832,459
3,783,808
4.637,571
4.965.961
4.744,427
4,158,067
49.086,819
m.)
594.65k;
603,827
672,399
593,299
797,856
536,744
613,830
519,111
730,697
573.357
631,668
658,461
672,9)4
513,074
620,9 In
557,834
099,458
539,503
588,490
649.027
640,133
086,371
676,453
650,857
572,004
689,101
629,900
526,868
6o3,637
m.).
m.).
641,981
670,181
714.13*-
705.86»i
7^8,877
713,520
1902. ...(2.6U4 to 2,007 m.).
1903a;.. (2,607 to 2,811 m.).
1904a;
(2,611m.).
984,743
905.819
1,014,14s
947,010
1,037.219
920,662
1,089,416
1,03 1,0 80
1,151,858
1,024,742
998,v!l3
1/31,522
1,090,107
1.179,8d5
971,245
1.014,770
1,013,860
1,138,458
1,189,014
1,021,550
1, (j 59,609
1,103,8 ;7
1,221,594
932,130
1,037,301
1,103.555
1,049,212
1,054,508
1,197.3 18
1,382,667
1,3^1,737
1,120,895
7,147,795
7,002,040
7,134,171
7,188.861
6,099,003
5,918,438
6,812,040
6,582,012
6,628,220
6,881,61"
7,370,460
7,830,107
6,810.181
7,306.979
7,430,616
8,231,610
6,833,856
7,459,844
7,618,833
8,351,262
6,464,813
7,708,009
6,987,731
7,955,2s9
6,026,291
7,724,124
7,130,558,189,177
6,853,384
7.903,767
7.779,370
8,591,941
m.).
m.).
m.).
m.).
3,284,688
3,503,040
3,728,044
3,731,114
3,979,355
3,380,558
3,779,895
3,111,860
3,242,083
8.810,500
4,054,980
4,542.480
3,143,064
3,543.440
3,521,793
3,849,827
3,173,370
3,442,903
3,532,12w
8.860,972
3,034,833
3,359,402
3,487,550
3,829,072
8.291,416
3,594,731
3,716,117
4,022,964
1902.. ..(1,606 to 1,710m.).
1903... .(1,710 to 1,751 m.).
1,064,749
1,057,061
1,139,450
1,137.880
875,817
869,839
909,891
1,007,511
857,748
1,001,554
918,934
1,069,977
906,883
927.916
802,582
894,077
804,072
910,348
798,831
877,163
697,011
778,751
739.434
818,990
697,616
783,780
759,240
822,379
789,958
881,170
808,887
811,721
220,580
278,197
283,059
252,959
191,217
230,408
247,746
251,481
232,835
897,018
287,824
268,245
227,109
291.223
220,022
238,846
247,070
378,023
204,730
883,832
253,251
303,9 6
3H,0U
278,679
329,845
335,310
317,689
328,5
262,968
368,45b
387,995
411,479
3,325,156
3,210,829
TV 3837,907
m.). n4472,0C0 n 3821,401
3,476,869
4,099.133
n 1027,994
n 1779,801
3,740,874
4.175,800
n4 159,027
,l 4731.0:2
(1,293
1903. ...(1,293 to 1,303
1904.. ..(1,303 to 1,809
1905
(1,309
m.).
SMiboard Air 1.1ns—
1906
Southern
(2,611m.).
Pacific
Co.—
1902„. .(8,794 to 8.8J0 m.).
1903.... (8,835 to 8,978 m.).
1904... .(8,978 to 9, 147 m.)
1906. . (9,147 to 9, 163 m.)
.
Southern Hallway—
1902J...
190SJ...
1904J...
19061...
Texas
to
to
to
to
(6,731
(7,114
(7,144
(7,204
640,568
7,114
7,144
7,204
7,195
cY Pacific—
1904. ...(1.764 to 1,827 m.)
1905
(1,827 m.).
Toledo <& Ohio Cent.(430 to 430
(430
(436 to 440
(440
1902.
1903
1904
1905
m.).
m.).
m.).
m.).
Union Pacific Systemto
to
to
to
1902.... (6,744
1908. ...(6,708
1904.... (5,344
1906... .(6,380
Wabash—
5,701
5.344
5,806
6,358
m.).
3,943,808
m.)
8.900,201
m.l. n 4093,778
1902.. ..(2,367 to 8,484 m.).
1903... .(2,484 to 2,480 m.).
1904. ...(2,480 to 8,618 m.)
1906
(2,510 m.).
1,1
0,'
53
2.:
3,860,440 4,196,141 4,339,598
4,501 172 n 4588, 168 n 4535,682
n 4017,368 a 4065,60 > n 4912.090
n 4710,970 n 5219,759 nj6185,7l8 «;5753,736
3,710,057
4,162,831
n 4551,769
1,030,101
'884,181
n 5182,844 n 5676,578 n 6052,780 n 4956.338 ri51041,819
n 5437,858 n 6926,778 n 5719,798 n 4982,246 n 50831.210
1908
&
1,060.209
1,672,454
1,771,412
1.853,049
1,396,171
1,516,612
1.522.911
1,575.709
1,551,550
1,706,631
1,760,017
1,872,160
1.481,651
1,760.901
1,794.759
1,795,289
1,510,760
1,928,674
1,889,106
1,860,193
1,515,621
1,709,906
2,023,004
1,924,024
1,731,531
2,000,160
2,082,162
2,001,030
1,903,704
2,121.124
8,480,785
2,251,702
1,840,909
2,239,687
2,609,601
2,162,811
1,970,090
8.206,*9j
2,643,165
1,714,999
1,813 074
2,057,813
m.).
m.).
m.).
m.).
257,283
327,110
389,785
820,8.7
221,019
308.4 20
303.320
298,68 J
273.526
338,488
336.450
310,373
350.132
308.041
390,335
843,566
378,55309.OU&
428,78
830.032
423,413
301,344
176.009
333.922
426.039
319,5li
403,116
363,017
102,83
i
351,221
413.5*4
409,008
373,960
408.889
418,801
488,352
484,288
(977 m.).
(977 m.).
(977 m.).
Wheel.
453,362
470,785
480.301
458,611
413,274
440,337
423.3»7
393,355
504,804
668,414
536,526
689,100
518,445
594,899
561,074
000,630
546.07*
505,704
547,920
026 41
678,7«0
591,395
594,016
618.639
602,094
611,001
592,906
593,010
604,6*9
553,143
531,829
659.4o0
631,330
519,381
638.314
649,95d
756.157
8lf\4«8
538,119
580,762
714.7W0
F5X.490
555,855
623,704
672,085
820.103
534,586
603 302
660,377
612,994
462,994
625,941
6*1,4 11
599,400
440,460
568,780
504,771
514,317
441.060
613,969
620,844
605,217
650.814
681,540
45 ',437
568,167
582,110
643,587
Lake Erle(409
(489
(409
(469
1903.
1904
1005
Wisconsin Central
1903.
1903
1904
1906
Vazoo
(9?7m.)
oV
1,650,1/05
Miss. Vai.—
1902. ...(1,099 to 1,102 m.).
1903. ..(1,102 to 1,171 m.).
1904.... (1,1 71 to 1,201 m.).
1906
(1.211 m.).
850,52-8
619,«>3'J
528, ->S«
397, '3
1.694,344
19,961,151
1.881092
2:2,561.966
2.032,400
24,562.873
358,143
357.704
390,956
330 35"
343.880
358,543
8,869,040
4.481.017
1,289,183
642,432
009,856
629,788
549,262
498.793
684,181
490,621
604,948
681,289
6,107,186
6,083,208
6,518,312
758,954
783,391
806.273
999,717
759,951
846,215
1,029,178
6,995,908
7,639,156
8.408,917
730,:130
854,451
12 7,058
Approximate flgnres.
t And 06 miles of canal.
After Jan. 1. 1903,
T Includes Buffalo & Allegheny Valley Division beginning with 1901.
Includes Cbicano & Eastern Illinois.
a Includes Montgomery Division In all the years.
6 Results on St. Paul & Duluth are Included .
c Includes 1 aducah & Memphis Division.
d Includes for all periods the Beech Creek Railroad, the Fall Brook System and the Boston & Albany Railroad.
re ^ a
K iven ln Mexican currency.
g Includes results on Sherman Shrev. & South 'n, Missouri Midland and San Antonio extension since May 16, 1901.
f !? g?
f?,
( EH, Louis Diviaion tucluded.
§ Includes Lake Krle & Detroit River Ry.
n Length of road was reduoed in July, 1003, by 562 miles on account of sale of part of the Oregon Short Line System.
a e n a new basl8 covering Cnoctaw Road, Bunington Cedar Rapids & Northern, Ac, Ac.
p Figures for these years include other lnoome.
.?
il oeae totals inel tide corrections made subsequent to the appearance of the monthly returns.
x For first
y These figures do not Include otner income.
six montns of 1003 and 1001 and for the whole of 1905 earnings of water lines are excluded.
,
Vi
..m
-
i"
.
;
INDEX.
182
[Vol. lxxxi.
INDEX TO COMPANIES— CONSOLIDATED,
Companies not given
in the
Supplement
tables in their alphabetical order
WILL BE FOUND UNDER—
Delaware & Hudson.
Southern Railway Co.
Atlantic Coast Line KR.
American Telephone & Telegraph.
NAME.
Adirondack
Alabama Central
Alabama Midland
American Bell Telephone
American Biscuit A Mf g
National Biscuit
American Bridge
United States Steel Corporation.
American Cigar
American Tobacco.
American Dock & improvement Co.. Central of New Jersey.
American Sheet Steel
United States 8teel Corporation.
American Spirits Manufacturing. ..Distilling Co. of America.
Amerloan Steel Foundries.
American Steel Casting
United States Steel Corporation.
American Steel Hoop
United States Steel Corporation.
American Steel A Wire
United States Steel Corporation.
American Tin Plate
Bangor A Aroostook.
Aroostook County
PittsburgYoungstown & Ashtab ula
Ash tabula & Pittsburg
Chicago Burlington & Quincy.
Atchison & Nebraska
Atlanta Knoxville
& Northwest
Atlantic
Austin
A
Northern
...
& Northwestern
& Sturgis
A Battle Creek
Beech Creek Coal & Coke
Bell's Gap
Bennington & Rutland
Bertram (John) A Sons
Battle Creek
Bay
& Nashville.
..Canadian Pacific.
Houston & Texas Central.
Lake Shore & Michigan Southern
Louisville
Michigan Central.
Pennsylvania Coal
City
Cambria*
A
Coke.
Clearfield.
United States Rubber (Miscel, Go's)
Boston Revere Beach A Lynn.
Chicago & North Western.
Long Island.
Brooklyn A Montauk
Atlantic Coast Line RR.
Brunswick & Western
Erie RR.
Southwestern
Buffalo &
Burlington Cedar Rao. & Vorthe n.Ohicago Rock Island A Pacific,
Chicago Burlington & Quincy.
Burlington A Missouri River
Central Pacific.
California & Oregon
Southern Paoiflo RR.
California Paciflo
People's Gas Light A Coke.
Calumet Gas
West J ersey & Sea Shore.
Camden & Atlantic
Canadian Pacific.
Canada Central
United States Steel Corporation
Carnegie Co
Carolina Central
Seaboard Air Line
Dubuque & Sioux City.
Cedar Falls & Minnesota
Cedar Rapids Iowa Falls A N. W ...Chicago Rock Island & Pad lie.
Chicago & North Western.
Cedar Rapids A Missouri River
Central Branch Union Pacific
Central Branch.
Central California Electrlo
South Yuba Water.
Central Counties
Canada Atlantic.
Boston A Maine.
Central Massachusetts
Central of Ga. RR. A Banking
Central of Ga. Ry.
Baltimore & Ohio.
Central Ohio
Central Texas A Northwestern
Houston A Texas Cer *..-;
& Rapidan
Chateaugay Ore & ro
Chatham & Lebanon Valley
Chattanooga Rome A Southern
Chicago A Atlantic
Chicago Burlington A Northern
i
Chieatro
A
.
New Amsterdam Gas.
Atlantic Coast Line RR
Charlottesville
>
Cincinnati
Southern Railway.
Southern Railway.
Delaware & Hudson
Rutland RR.
Southern Railway.
Chloago A Erie.
Chicago Burlington A Quinoy.
Chicago Cincinnati A Louisville.
Chicago Subway.
Peoples Gas L. & Coke.
Chloago Dock
Chicago Gas
Chloago Gas Light & Coke
Peoples' GasL. A C. (Miscel. Co's
Chicago & Grand Trunk
..Grand Trunk Western.
Chicago & Great Western
Chicago Terminal Transfer RR.
Chicago Hammond. & Western
Chloago Junction.
Chicago A Indiana Coal
Chicago & Eastern Illinois.
Chloago Ind. & St. Louis Short Line. Cleveland in. Chlo. & St. Louis.
Chloago Milwaukee A N.
Chicago & Northwestern.
Chicago <fe North Michigan
Pere Marquette.
Chicago & Northern Pacific
Chicago Terminal Transfer.
Chicago & Ohio River
Cincinnati Indianapolis & Western.
Chicago & Paciflo
Chicago Milwaukee A St. Paul
Chloago Santa Fe A California
See Atchison System, Apr.,'96.si;p.
Chloago A St. Louis
Atchison Topeka &Santa Fe.
Chloago St. Louis A New Orleans... Illinois Central.
Chicago St. Louis A Pittsburg
Pittsb'rg Cincinnati Chicago A Ht. L.
Chicago St. Paul & Minneapolis
Chicago St. Paul Minn. A Omaha
Chioago Southern
Southern Indiana
Chioago A Tomah
Chicago A North Western.
Chloago Wisconsin & Minnesota
Wisconsin Central.
)
•
W
Choctaw A Memphis
Choctaw Oklahoma & Gulf
....
Rock Island Company.
Rock Island Company.
Cincinnati Hamilton & indianap. .Cincinnati Indianapolis & Western.
Cincinnati Ind. St. Louis & Chlcago.Cleveland Cin. Chic. A St. Louis.
Cincinnati & Indiana Western
Chioago Cincinnati & Louisville.
Cincinnati Richmond & Muncie
Chicago Cincinnati & Louisville.
Cincinnati Sandusky A Cleveland.. Cleveland Cin. Chic. A St. Louis.
Cincinnati Southern
Cincinnati New Orleans A Tex. Pao.
Cincinnati Wabash & Michigan
Cleveland Cin. Chic. A St. Loins.
Clairton Steel
United States Steel Corporation.
Clearfield Bituminous Coal
Beech Creek.
Clearfield & Jefferson
Cambria* Clearfield.
Cleveland Columbus Cin. & Ind
Cleveland Cin. Chlo. A St. Louis.
Cleveland Lorain & Wheeling
Baltimore <fe Ohio.
Cleveland Terminal & Valley
Baltimore & Ohio.
Coal & Iron Ry
Western Maryland
Coal River & Western
Chesapeake & Ohio.
Colorado Bridge
International & Great Northern.
Colorado Industrial !Co
Colorado Fuel & Iron Co.
Columbia A Greenville
Southern Railway.
Columbia
Red River
Great Northern.
Columbian El. Car Light. & Brake.. Consol. Ry. El. Lighting & Equip.
A
Columbia & St.
Louis
Wabash.
Columbus Connecting A Terminal.. Norfolk & Western.
Hocking Valley.
Columbus A Hocking Valley
Columbus A Indianapolis Central. .. Pittsb. Cincinnati Chlo. A St. Louis.
Hocking Valley.
Columbus & Toledo
Commercial Union Telegraph
Commercial Cable.
American loe.
Consolidated Ice
...Chicago Rook Island A Paoflo,
Consolidated Indlana<;oal
Consol.Kan. City Snielt'g <t Rettn'g. American 8melting A Refining.
Consolidated Real Estate
Consolidated Stone
Consumers' Gas
Continental Coal
Lehigh Valley.
Chic, Indian. & Louisville.
Gas L. &
Hocking Valley.
.....People's
East River Gas
New Amsterdam Gas.
East Term. Va. & Ga
Southern Railway.
Eastern Equipment
Pere Marquette.
Eastern of Mass. (also East, of N. H.)Boston & Maine.
Eastern of Minnesota
Great Northern.
Easton & Amboy— Easton & North Lehigh Valley.
Edison Elec. 111. of Brooklyn
Kings Co. Elec. Light A Power.
Etison Electrlo Light A Power.
San Franoisco Gas & Electric.
Edison Elec. 111. of N. Y
Consolidated Gas Co. of New York.
Electrlo Axle Light & Power
Consol. Ry. Elec. Light'g A Equip.
Ell wood Short Line.
Baltimore & Ohio.
El Paso & Northeastern RR
New Mexico Railway A Coal.
Equitable Gas Light A Fuel
Peoples' Gas L. A C. (Misoel. Co's.)
Equitable Gas Light Co. (N. Y.)
New Amsterdam Gas.
Erie&lersey
Erie RR.
Erie & Kalamazoo
Lake Shore & Michigan Southern.
Erie & Western Transportation Co. Pennsylvania RR
Eureka Springs
St. Louis & North Arkansas.
European & North American
Maine Central.
Evansville Henderson & Nashville.. Louisville A Nashville.
Evansville Terre Haute & Chicago. Chicago & Eastern Illinois.
F argo & Southern
Chicago Milwaukee & St. Paul.
Federal Steel
United States Steel Corporation.
Flint A Pere Marquete
Pere Marquette.
Florida Central & Peninsular
Seaboard Air Line Ry.
Florida Southern
Savannah Florida A Western.
Fort Smith & Van Buren Bridge
St. Louis A 8an Frai. Cisco.
Fort Worth & New Orleaus
Houston & Texas Central.
Worth & Rio Grande
Fort
St. Louis A San Francisco.
Fremont Elkhorn & Missouri Val... Chicago A North Western.
Galveston Houst. A Nor
Galveston Har. & San Antonio.
General Rubber
United States Rubber.
Georgia & Alabama
Seaboard Air Line Ry.
Georgia Carolina A Northern . . Seaboard Air Line Ry.
Georgia Paciflo
Southern Railway.
Grand Rapids Gas Light
American Light & Traotion.
Grand Rap. Kalb. & Southeastern.. Pere Marquette.
Grand River Valley
Michigan Central.
Green Bay Winona A St. Paul
Green Bay & Western.
Gulf & Chicago
Mobile Jackson A Kansas City.
Hancock & Calumet
Mineral Range.
Hannibal A 8t. Joseph
Chicago Burlington A Quiroy.
Harlem River & Portchester
New York New Haven <& Hartford.
Hastings & Dakota
Chicago Milwaukee A St. Paul.
Henderson Bridge
Louisville & Nashville.
Hereford
Maine Central.
Hoboken Ferry..
N. Y. AHobok. Ferry (Misoel. Co's)
Holly Manufacturing Co
International Steam Pump Co.
Hoosier Equipment
Cincinnati Richmond & Munoie.
flousatonlo
New York New Haven A Hartford.
Hudson Coal
Delaware A Hudson Co.
Huntington A Big Sandy
Ohio River.
Hutchinson A Southern
Atchison Topeka A Santa Fe.
Illinois Tunnel
Chicago 8ubwfty.
Imperial Rolling Stock
Canadian Northern.
Indiana Bloomingtou A Western... Peoria A Eastern.
Indianapolis Cin. A Lafayette
Cleveland Cin. Chic. A St. Louie.
Indianapolis Decatur & Western. ..Cincinnati Indianapolis & Western.
Chioago Indianap. & Louisville.
Indianapolis A Louisville
Indianapolis A St. Louis
Cleveland Cin. Chic. A St. Louis.
Vandalia RR.
Indianapolis A VlncinnesJ
International Mercantile Marine.
International Navigation
Chioago Milwaukee A St. Paul.
Iowa A Dakota
Dubuque A Sioux City.
Iowa Falls A Sioux City
Iowa Minnesota A North western.. Chicago A North Western.
..Michigan Central.
Jackson Lansing A Saginaw
Buffalo Rochester A Pittsburg.
Jefferson Clearfield Coal A Iron
.
Bethlehem Steel Corporation.
.....Chesapeake & Ohio
American Light A Traction.
St. Louis & San Franoisco
Birmingham Belt
Kansas City Memp. A Birmingham.
Birmingham Equipment
Missouri Kansas & Texas.
Boonville Bridge
Old Colony.
Boston Clin. Fitch. & New Bed
New York New Haven * Hartford
Boston A New York Air Line
Bethlehem Iron
Big Sandy
Binghamton Gas Works
Central Union Gas
Charleston A Savannah
Charlotte Columbia & Augusta
Detroit Toledo & Ironton.
Northern Paciflo.
Seaboard Air Line.
Detroit Southern
Duluth 8hort Line
.
NUes-Bemen t- Pond.
Boyer Valley
be found by reference to the Index below.
NAME.
WILL BE FOUND UNDEB—
Continental Tobacco
Amer'oan Tobacco.
Current River
Kansas City Fort Scott A Memphis.
Dakota Central
Chicago & North Western.
Dakota & Great Southern
Chicago Milwaukee & St. Paul.
Dallas A Waco
Missouri Kansas & Texas.
Danbury A Norwalk
New York New Haven & Hartford
Danville & Grape Creek
Chicago & East Illinois.
De Bardelehen Coal & Iron
Tennessee Coal & Iron (Miscel.)
Delano Land
Lehigh Valley.
Denver Consolidated Gas
Denver Gas & Electrlo.
Des Moines & Minnesota
Chioago & North Western.
Detroit Grand Rapids A Western... Pere Marquette.
Detroit A Lima Northern
Detroit Southern.
Detroit Mackinac & Marquette
See Miscellaneous Companies.
Detroit Monroe & Toledo
Lake Shore & Michigan Southern.
Durham & Northern
Rutland RR.
Boston Rubber Shoe
Boston Wlnthrop & Shore
&c.
may
C. (Miscel. Co's.)
.
Jefferson Madison A Indianapolis.. Pittsburg Cincinnati Chic A St. L.
United States Steel Corporation.
Johnson Co. of Pennsylvania
Chicago A Alton.
Joliet A Chicago
Delaware Maryland A Virginia.
Junction A Breakwater
Kalamazoo Allegan A Gr. Rapids.. Lake Shore A Michigan Southern.
Kalamazoo
A
Lake Shore
White Pigeon
Kanawha A Hooking Coal
& Coke. Hooking
A
Michigan Southern.
Valley.
Illinois Central.
Kankakee A Southwestern
Kansas City Fort Scott A Memphis.
Kansas City Fort Scott A Gulf
Kansas City A Memphis Ry. Bridge.Kansas City Fort Scott A -Memphis.
Missouri Kansas A Texas.
Kansas City A Pacific
Kansas City A Southern.
Kansas City Pitts. A Gulf
Chioago Burlington & Quinoy.
Kansas City St. J. A Co. Bluffs
—
Chicago A Alton.
Kansas City St. Louis A Chicago
Kansas City Ft. Soott & Memphis.
Kansas City * Missouri
Union Paciflo.
Kansas Paciflo
Louisville A Nashville.
Kentucky Central
Kentucky Distilleries A Warehouse. Distilling Co. of America.
Maine Central.
Knox A Lincoln
Pere Marquette.
Lake Erie A Detroit River
Lake Superior Consol. Iron Mines. United States Steel-Corporation.
Lamson Consol. Store Service... '...American Pneumatic Service.
Canada Southern.
Leamington & St. Clair
.Lehigh A Now England.
Lehigh & Delaware
Lehigh Valley.
Lehigh A New York
Lehigh Coal A Navigation (Misoel.)
Lehigh A Susquehanna
Central RR of New Jersey.
Lehigh A Wllkesbarre Coal
Missouri Pacific
Leroy A Caney Valley
Louisville ANashv'le (L. C. A Lex.)
Lexington A Frankfort
International Mercantile Marine.
Leyland Line
Chicago Burlington A Quinoy.
Lincoln A Northwestern
Buffalo Rochester A Pittsburg.
Lincoln Park A Charlotte
Lindsay Bobcaygeon & Pontypool Canadian Pacific
Rook Island Company.
Little Rock Bridge
Little Rock Jet.— Little R. AFt.Smith Missouri Pacific
Locomo. & Mach Co. of Montreal See American Locomotive Co.
Erie RR.
Long Dock Company
.
Long Island City A Flushing
Louisiana
A Missouri
River
Long
Island.
A Alton.
Chicago
.
Oct., 1905.
WILL BE FOUND UNDER —
NAME.
&
&
*
&
&
&
Lake Shore A Michigan So. System
ManitobaSouthwest'n Colonization. Canadian Pacific
Chicago A North Western.
Mankato & New Ulin
MaricopaA Phoenix & Salt Riv. Val
Maricopa & Phoenix
Mahoning Coal
Atlanta Knoxville & Northern.
& North Georgia
Marquette & Bessemer Dock A Nav.Pere Marquette.
Marquette Houghton & Ontonagon. Duluth South Shore & Atlantic.
Connecticut & Passumpsio.
Massawippi
Kentucky Central.— Louis. & Nash
Maysville & Lexington
Pittsb. McKeesport A Yougbiogheny
McKeesport & Belle Vernon
Southern Railway.
Memphis A Charleston
St. Louis Meroh'ts' Bridge Ter. RR
Merchants' Bridge
Chioago A North Western.
Menominee River
Marietta
Manhattan Elevated.
Interooeanic of Mexico.
Lake Superior Corporation.
Metropolitan Elevate 1
Mexican Eastern
Mlohigan Lake Superior
Midland of New Jersey
Midland Terminal
New York Susquehanna & Western
Cripple Creek Central.
Wisconsin Central.
Milwaukee & Lake Winnebago
Milwaukee Lake Shore A Western.. Chicago A North Western.
Chioago Milwaukee A St. Paul.
Milwaukee A Northern
Northern Paoiflo.
Minneapolis* Duluth
Minneap. St. P. & Sault Ste. Marie.
Minneapolis A Paoiflo
Minneap. Sault Ste. Marie & Atl'tlo. Minneap. St. P. & Sault Ste. Marie.
Minneapolis Union, Minn. Western. Great Northern.
Minnesota A Iowa
Minnesota A South Dakota
Mississippi River Bridge
Missouri Kansas & Eastern
Missouri Kansas A Oklahoma
Missouri & Western
Mobile
& Bay Shore
RR
Chioago A Northwestern.
Chicago A North Western.
Chicago & Alton.
Missouri Kansas & Texas.
Missouri Kansas & Texas.
St. Louis A San Francisco.
Mobile & Ohio.
Baltimore & Ohio.
Chioago Indianapolis & Louisville.
Great Northern.
RR
Long Island
Lehigh Valley.
Electrlo Light
Consolidated Gas of New York.
Vernon Woodberry Cot. Duck.. Consolidated Cotton Duck.
Mt.
Mutual Fuel Gas
People's Gas Light & Coke.
Nashville Florence & Sheffield
Louisville & Nashville.
Nashville
Knoxville
Tennessee Central.
Morris Canal
Mount Morris
&
Standard Rope
National Cordage
National Electric
National Linseed Oil
National Starch
National Steel
National Tube
Nebraska
& Twine.
Philadelphia Electric.
American Linseed.
.Corn Products.
United States Steel Corporation.
United States Steel Corporation.
Chicago Burlington <fc Quincy.
Consolidated Gas of New York.
Baltimore & Ohio.
New Amsterdam Gas
Newark Somerset & Straits ville
Canadian Pacific.
New Brunswick
New England ..J
New York New Haven & Hartfo d.
Newburg & New York
Erie RR.
New Haven & Derby
New York New Haven & Hartford.
New Haven Steamboat
New York New Haven & Hartford.
New York Susquehanna & Western.
New Jersey Midland
New Jersey Southern
Central of New Jersey.
Louis. & Nash. (N.O. A Mobile Div.)
New Orleans Mobile & Texas
Newport & Cincinnati Bridge
Louisville A Nashville.
Newport A Richford
Connecticut A Passumpslc.
New York Bay Extension.
Long Island.
New York Biscuit
National Biscuit.
New York & Brooklyn Ferry
Brooklyn Ferry (Miscell. Co's.).
New York Elevated
Manhattan Elevated.
New York & Erie
Erie RR.
New York Fire Protection
..American Dlst. Tel. Co. of N. J.
N. Y. Gas Eleo. Lt. Heat & Power. .Consolidated Gas of New York.
New York Glucose
Corn Products.
New York Lake Erie & Western
Erie RR.
New York Mutual Gas
Consolidated Gas of New York.
New York & N. Eng. Best. Term.. New York New Haven & Hartford.
New York A Northern
New York & Putnam.
New York Pennsylvania &Ohio
Erie RR.
New York Providence A Boston
New York New Haven & Hartford.
Queens Gas & Electrio
N. Y & Queens Eleo. Lt. A Power.
N. Y.
New York A Rockaway
Long Island.
NewYork Texas A Mexioan
Galveston Har. A 8an Antonio.
New York & Wilkesbarre Coal
New York Susquehanna * West.
.
_
<fe
NllesTool Works Co.
Niles-Bement-Pond Co.
Nodaway Valley
Chicago Burlington & Quinoy.
Norfolk* Carolina
Atlantic Coast Line RR.
Norfolk Terminal & Transportat'n. Chesapeake & Ohio.
Northampton
..Lehigh & New England.
Northeastern RR. of So. Carolina.. Atllantic Coast Line RR.
Northern Alabama
Southern Ry.
Northern Illinois
Chicago & North Western.
North Paciflo Coast
North Shore.
North Shore
Canadian Pacific.
North Wisconsin
Chic. St. Paul Minn. & Omaha.
Northern California
Southern Pacific RR.
Northern Maine Seaport
Bangor & Aroostook.
Northern Ry. of Costa Rica
United Fruit (Miscel. Companies.)
Northwestern Grand Trunk
Grand Trunk Western.
Northwestern Union
Chioago & North Western.
Ocean Steamship
Central of Georgia Ry.
OgdenGas
People's Gas Light & Coke.
Ogdensburg A Lake Champlaln.... Rutland RR.
Ogdensburg Terminal
Rutland RR.
Ohio Indiana & Western
Peoria A Eastern.
Ohio A Little Kanawha
Baltimore A Ohio.
Ohio River
Baltimore & Ohio.
Ohio Southern
Detroit Southern.
Ohio A West Virginia
Hocking Valley.
Omaha & Grant Smelting....
American Smelting & Refining.
Ontario & Quebec
Canadian Pacific.
Oregon Improvement
Paciflo Coast Co. (Miscel Comp'es.)
Oregon Short Line & Utah Northern. Oregon Short Line.
Oswego A Rome
Rome W atertown A Ogdensburg.
Ottumwa Cedar Falls & St. Paul
Chicago & North Western.
Ozark Equipment
Improvement
Paciflo Gas
Pennsylvania
A N.
Y. Canal
Pennsylvania* Nor hwestern
Kansas City Ft. Scott & Memphis
San Francisco Gas A Electric.
Lehigh Valley.
...Cambria & Clearfield.
WILL BE FOUND UNDER—
NAME
Louisville Cincinnati & Lexington.. Louisville A Nashville..
Lex,
Louisville A Frankfort
Louisville
Nashv.— L. C.
Louisville & Nashville Terminal... Louisville
Nashville.
Louisville
Louisville New Albany A Chioago.. Chioago Indianapolis
M. V.)
Louisville New Orleans A Texas
Illinois Central (Yazoo
Louisville Southern
Southern Railway.
Traotlon.
.American Light
Madison Gas & Electrlo
Monongahela River
"Monon Route"
Montana Central
Montauk Ex tension
183
INDEX.
j
Penobscot Shore Line
Maine Central.
Pensacola & Atlantic
Louisville & Nashville.
Peoria & Northwestern
Chicago & North Western
Petersburg
Atlantic Coast Line RR.
Phlla. Germant'n A Chestnut Hill. Connecting Ry.
Philadelphia & Reading
Reading Company.
Piedmont A Cumberland
Western Maryland.
Pine Bluff & Western
St. Louis Iron Mount. & Southern.
&
Baltimore & Ohio.
Toledo
Pittsburg Cleveland
Baltimore A Ohio.
Pittsburg Junction
Wheeling * Lake Erie.
Western
Pittsburgh Lisbon &
Ohio.
Pittsburg Newcastle & Lake Erie Baltimore
Pittsburg Bhenango <fe Lake Erie... Pittsburg Bessemer A Lake Erie.
Pittsburgh Virginia & Charleston Pennsylvania.
Ohio.
Baltimore
Pittsburg & Western
Kansas City Clinton & Springfield.
Pleasant Hill & De Soto
Denver* Rio Grande.
Pleasant Valley Coal
Maine Central.
Portland & Ogdensburg
.
&
&
Portland & Rochester
Portland Saco & Portsmouth
Boston & Maine.
Boston & Maine.
Portsmouth Great Falls A Conway Boston & Maine.
Commercial Ce bl e.
Postal Telegraph Cable
Western Maryland.
Potomac Valley
Niles-Bement-Pond Co.
Pratt* Whitney
Santa Fe Prescott A Phoenix.
Presoott* Eastern
Chicago & North Western
Prlnoeton & Northwestern
NewYork New Haven & Hartford.
Providence &8prlngfleld
Raleigh & Augusta- Ra!. & Gaston Seaboard Air Line.
Ravenswood Spencer & Glen ville.. Ohio River.
Red Mountain
<>r< at Northern.
Chioago Burlington & Quincy
Republican Valley
Southern Railway.
Richmond A Danville
Richmond A Petersburg
Atlantio Coast Line RR.
...Southern Railway.
Richmond York River A Cues
Rio Grande Western
Denver A Rio Grande.
Pennsylvania.
River Front
Rochester A Pittsburg
Buffalo Rochester A Pittsburg.
Iron. Buffalo Rochester A Pittsburg.
Rochester A Pittsburg Coal A
Rutland.
Rutland-Canadian
Wabash.
St. Charles Bridge
St. Olair Madison A St. Louis Belt. Missouri A Illinois Bridge A Belt.
United States Steel Corporation.
St. rialr Steel
St. Clair Terminal RR
United States Steel Corporation.
Amerioan Light & Traction.
8t. Joseph Gas
Canadian Paoiflc.
St. Lawrence A Ottawa
Terminal Association of St. Lt uls.
St. Louis Bridge
St. Louis Council Bluffs A Omaha.. .Wabash.
St. Louis Iron Mount'n A Southem..Mi8souri Paoiflo System.
Illinois Central System.
Louis Southern.
Louis Wiohita A Western
St. Louis A San Francisco.
Chicago Milwaukee A St. Paul.
"St. Paul"
Northern Paoltto.
St. Paul A Duluth
Amerioan Light & Traction.
St. Paul Gaslight
St. Paul Minneapolis A Manitoba... Great Northern.
Chio. St. Paul Minn. A Omaha.
St. Paul A Sioux City bonds
Chio. St. Paul Minn. A Omaha.
St. Paul Stillwater A T. F
Baltimore A Ohio.
8andusky Mansfield A Newark
San Francisco A San Joaquin Val.. Atchison Topeka A Santa Fe.
Chateaugay & L-ike Placid.
Saranac & Lake Placid
Chic. St. Paul Minneap. <s Omaha.
Sault St. Marie A Southwestern
Atlantio Coast Line RR.
Savannah Florida & Western
..Delaware & Hudson.
Schenectady A Duanesburg
Baltimore A Ohio.
Sohuylkill River East Side
Norfolk A Western.
8oioto Valley A New England
Roanoke
Seaboard Air Line.
Seaboard A
Atlantic City.
Sea Coast
Sherman Shreveport A Southern... Missouri Kansas A Texas.
Shore Line
N. Y. New Haven A Hartford.
Shreveport Bridge & Terminal
8t Louis Southwestern.
Atlantio Coast Line RR.
Silver Springs Ocala A Gulf
Sioux City A Paciflo
Chicago A North Western.
Elmira A Lake Ontario.
Sodus Bay A Southern
Southern Ry., Carolina Division.
South Carolina A Georgia
South Platte Canal & Reservoir
Denver Union Water.
Louisville A Nashville.
Southeastern A St. Louis
Chicago A North Western.
Southern Iowa -.
Southern Minnesota
Chicago Milwaukee A St. Paul.
Southern Pacific of California.
Southern Pacific Br an ch
Southern Ry., Carolina Division.
Spartanburg Union A Columbia
Great Northern.
Snokane Fails A Northern
.Cleveland Cin. Chic. & St. Louis.
Springfield Union Depot
Consolidated Gas
Standard Gas
Lake Shore A Michigan Southern.
Sturgis Goshen A St. Louis
American Sugar Refining.
Sugar Trust
Southern Ry Carolina Division.
Sumter & Wateree
Sunbury Hazleton A Wilkesbarre.. Pennsylvania.
Pennsylvania.
Sunbury A Lewistown
Northern Paciflo.
Taylor's Falls A Lake Superior
Chicago Burlington A Quinoy.
Tarkio Valley
Vandalia RR.
Terie Haute A Indianapolis
Vandalia RR.
Terre Haute A Logansport
Evansviile A Indianapolis.
Terre Haute A Southeastern
National RR. of Mexico.
Texas Mexican
Missouri Kansas A Texas.
Texas & Oklahoma
Toledo Ry. A Terminal.
Toledo Angola A Western
Toledo Ry. A Terminal.
Toledo Riverside
Canadian Paciflc.
Toronto Grey A Bruce
St.
St.
,
Fitchburg.
Troy A Boston
Terminal Ass'n of St. Louis
Tunnel Railroad of St. Louis
Pittsburg Clncin. Chicago A 8t. L.
Union A Logansport
United Eleo. Light A Power, Bait Consol. Gas Eleo. Lt. & Power.
United Elec. Lt. A Power of N. Y.. Consolidated Gas.
Standard Rope A Twine(Miso.Co'B.).
United States Cordage
..Central Leather.
United States Leather
National Starch.
United States Sugar Refinery
Maine Central.
U pper Coos
Denver A Rio Grande.
Utah Central
Denver & Rio Grande.
Utah Fuel.
Oregon Short Line.
Utah A Northern
Rome Watertown A Ogdensburg.
Utica A Black River
Verdigris Val.Independ'ce <Ss West.. Missouri Paciflo.
Connecticut Rtver.
Vermont Valby
Vicksburg A Meridian
Waco A Northwestern
Walker Co
Warwick Valley
Washington Ohio A Western
Webster Coal A Coke
Wellln gton G rey A Bruce
West River
West Va.
Cent.
& Pittsburgh.
Western Equipment
Western Minnesota
Western North Carolina
Western Pennsylvania
WestJersey
Alabama A Vioksburg
Houston A Texas Central Railway
West'ghonseEl.A Man. (Misc. Co's.).
Lehigh A Hudson River.
Southern Ry.
.Pennsylvania Coal A Coke.
G r ana Trunk.
New London
Northern.
Western Maryland.
Pere Marquette.
Northern Paclfl o.
Southern Railway.
Pennsylvania.
West Jersey A Seashore.
Baltimore & Ohio.
West Virginia & Pittsburg
N. Y. Susquehanna A Western.
Wilkesbarre A Eastern
Great Northern.
Willinar A Sioux Falls
Wilmington Columbia A Augusta... Atlantio Coast Line Kit.
WUm.A Weldon— Wilm. A Newborn. Atlantic Coast Line RR.
Chicago A North Western.
Winona A St. Peter
Chicago Milwaukee A St Paul
Wisconsin Valley
Wood Worsted Mill Corporation .. American. Woolen.
International Steam Pump Co.
Worthington, Henry R. Co
Maryland A Pnensylvanla.
York A Peach Bottom
184
Fyersz & Company
BANKERS
220 LA SALLE ST.
Ill BROADWW
CH ICAGO
NEW YORK
RAILROAD BONDS
&
Marshall, Spader
74
Company
j
BROADWAY AND WALDORF-ASTORIA,
NEW
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A. O. r>rOWIl OZ
.
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i
MASON, LEWIS &
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BROADWAY:
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INVESTMENT SECURITIES.
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THEO.
H.
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EDMUND
C.
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president
L.
CONVERSE
CHAIRMAN OF THE BOARD
GREEN, VICE-PRESIDENT
JARED K. MYERS, SECOND VICE-PRESIDENT
JOHN E. CURRIER, SECRETARY AND TREASURER
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