Full text of Commercial and Financial Chronicle : October 29, 1898 : The Investors Supplement, Vol. 67, No. 1740

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SU PPLEM EN T
------- OF T H E --------

C

o m m e r c ia l

& F

in a n c ia l

Q h r o n i c l e.

[ Entered according to Act of Congress in tlie year 1898, by W illiam B. D ana Company , in the office of Librarian of Congress, Washington, D. C.

NEW
T he

I nvestors’

YORK,

OCTOBER

S upplem ent.

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ALL-STEEL GARS.
Considerable progress has been made in the last year
or so in the construction of all-steel cars of large ca­
pacity, 100,000 lbs. and upwards. Where full car­
loads can be regularly obtained the advantages in the
economical movement of freight are so important
through their use that they are rapidly supplanting
wooden cars in special traffic which “ runs heavy” and
in fairly steady volume. They are very largely used
in carrying coal and ore between Pittsburg and Lake
Erie, and in the Lake Superior ore traffic. In trans­
porting coal, which is moved in long train loads, there
is also a large field for them. Their use in general
traffic is likely to be more or less restricted, for a time
at any rate, because it is desirable to keep them in
service where they can be regularly employed in mov­
ing loads to their full capacity.
About ten years ago an attempt was made to intro­
duce metal cars in this country,, and for a time they
had some vogue. They were of tubular iron, but
both the material and design were faulty, the cars
were expensive to maintain, and the cost of repairing
them when damaged in accidents was nearly as great
as the original cost. They have not been built for a
number of years, and have probably nearly all disap­
peared from service. The present metal car is of
entirely different design and material throughout, and
is a legitimate evolution of late designing in wooden
cars, whose strength and capacity have been much in­
creased in recent years by the use of steel trucks and
pressed steel parts.
The cost of the steel car approximates that of the
wooden car per ton of carrying capacity. The advan­
tage of the steel car, not only in cost, but in lightness,




29,

1898.

grows as the capacity is increased. In steel car con­
struction the dead-load is a less proportion of the total
weight. A greater revenue tonnage can be hauled in
a train of the same gross weight. This results in a
reduction of the number of cars necessary to handle a
given amount of traffic, and consequently in the
length of a ti*ain. The advantages that are thus se­
cured are not by any means the least derived from the
use of steel cars. Less track and yard room is re­
quired, the train does not need such long side tracks
when it has to “ lay over,” less men are required to
operate and care for it, and its operation is facilitated
in various other ways.
The life of a steel car is at least double that of the
wooden car; indeed, 50 years is probably a reasonable
estimate of the life of a well-built, well-designed type.
Wooden cars do not last much longer than 15 years.
The cost of maintenance is also less. The necessary
yearly repairs should be only half that of wooden cars.
It has been estimated that, allowing for the original
cost of the car, the interest on that sum, and the
charges for annual repairs, the cost and maintenance
of a steel car, assuming its life at 30 years, would be
about $1 90 per year per ton of carrying capacity,
while on the same basis the cost and maintenance for
a wooden car would be $3 55.
Another comparison may be made which brings out
in a different way the direct economy obtained by
the use of steel cars in such service as will fully em­
ploy the equipment. This is the saving in the pro­
portion of dead weight to paying load. W e had occa­
sion to give some figures on this subject in the July
issue of the I nvestors' S upplement wherein it was
pointed out that by enlarging the capacity of freight
cars from 15 and 20 tons to 25, 30 and 40 tons, the in­
crease in the weight of the car itself, or “ dead”
weight, was a very small item as compared with the
greater gain in loading capacity. In steel car con­
struction the larger proportion of revenue load to
the total weight of the loaded car is even more
marked than in the largest ordinary car. Assuming
the dead weight of a 50-ton steel car at 17 tons, and
of a 30-ton wooden car at 16^ tons, it will require to
haul a train load of 1,500 tons, 50 wooden cars weigh­
ing 825 tons, while only 30 steel cars of 100,000 lbs.
capacity would be needed to move the same train load,
the weight of the train itself being reduced to 510:
tons ; thus in one train haul there would be a saving
of 315 tons of non-revenue producing weight.

4

INTESTORS’

POOLING ENGINES AND CREWS.
In the last issue of the I nvestors’ S upplement we
printed some remarks on the tonnage rating of loco­
motives, and showed how by this method the train
loads are regulated to the known hauling capacity of
an engine, so that its full power is always taken ad­
vantage of. But besides getting more work out of an
engine in a specific assignment, important progress is
being made in a correlated direction by keeping an
engine more constantly employed earning revenue»
and increasing the aggregate mileage which it makes*
One way of accomplishing this is by pooling locomo­
tives and their ciews.
Under this system engines are not provided with
regular crews, but the number of crews hired is in
excess of the number of engines assigned to a division,
and they go on duty in rotation, on the principle of
“ first in, first out.” A n engine driver and his fire­
man who have just completed their run are placed on
the foot of the “ regular list,” and are not called upon
for service until all ahead of them are detailed for
duty. This method is a radical departure froni]the
present general custom of having crews permanently
assigned to engines so that the care and working of
a particular locomotive falls to the same men through
out the year. If an engine is disabled, or taken out of
service, the men are also usually laid off or assigned to
other specified engines. This practice has been in
vogue for probably 25 years, replacing a less ef­
ficient system, as it is in turn now being gradually
superseded.
During the earlier years of railroad operations
regular engines, engine crews and train crews were
provided for each train' in both passenger and freight
service, and it was long before a different policy was
suggested or accepted. In passenger service, where
trains run on regular daily schedules, this method was
not so inadequate as in freight service, where the
amount of freight to be transported fluctuates con­
siderably, so that the number of trains needing to be
made up, and consequently the demand for engines,
is always changing. The rapid development of the
freight traffic of the railroads required a more flexible
system, and the plan of regular crews for each engine
took its place. This was a great improvement, and it
is only within recent years that a change of system to
get still more work out of an engine has come into
practice.
The mileage of a locomotive under the “ one crew,
one engine” system is practically limited only by
the physical endurance of the crew. There is a con­
stant incentive for the engineers and firemen to over­
tax themselves, and this is only partially guarded
against by the creation of an extra list, which is in­
tended to relieve the regular crew and to get ad­
ditional mileage out of the engine. The necessity of
working men beyond reasonable limits is removed, but
not the incentive to over-exertion because of the in­
creased earnings secured. In some cases double enginecrews are provided, but this system is unwieldy, and
does not adjust itself to the varying volume of traffic.
W ith the one crew system working under the most fav­
orable conditions, engines are kept standing idle in the
round-houses an unduly large proportion of the time.
Frequently, locomotives that are needed in moving

SUPPLEMEJSTT.

[Vol. LXVII.

It is apparent that if the motive power could be
constantly employed whenever the traffio demanded
it, the equipment would become much more remunera­
tive, and be turning over the capital invested in it
more often. The pooling of locomotives has proved
to be a decided advance towards this end. On each
operating division more crews are assigned than loco­
motives, as has been stated, a,nd engines are brought
into service as needed by the traffic, without regard
to the “ rights” of any particular men. I f the traffic
calls for it, therefore, a company can keep all of its
engines very nearly constantly in service, except when
repairs are necessary. W hen freight is light, only as
many engines need be held ready as will handle the
traffic. “ Pooling ” locomotives, then, gets about the
utmost possible mileage out of an engine. It pro
vides crews always ready, and who have had sufficient
rest, and regulates the number of engines held ready
to haul trains; those retained in service are worked to
their full capacity, and such as are not needed are laid
up. Experience with this system— and on some roads
it has been in use over five years;— seems to prove not
only that it secures greater mileage out of each en­
gine, but that a smaller number of engines is needed
for a required service. Some of the advocates of the
system say as much as 20 per cent can be saved in the
motive power owned. The mileage of an engine be­
tween the times it is returned to the shop for repairs is
greater, while the cost of running repairs is less, and
it is also claimed that greater train-loads are hauled
than with the regular-crew system.

STEEL PLA I FORMS FOR PASSENGER CARS.
The continuous vestibule now so extensively used on
through passenger trains has proved itself to be one of
the most valuable of safety appliances. The increased
ease and safety of communication between the differ­
ent cars of a train is the most obvious improvement
obtained by its use; but the greater benefit arises from
the fact that it is carefully designed to reinforce the
strength of the cars in what has frequently proved to,
be one of their weakest parts. Some of the worst ac­
cidents with the greatest loss of life have been those
in which cars have been telescoped by the platforms of
one car overriding those of another. Oars equipped
with vestibules are practically free from the danger of
telescoping. It is not however feasible to put vesti­
bules on more than a small proportion of a company’s
passenger equipment.
They are rather costly and
hinder somewhat the egress and ingress of passengers
to the cars. But the desirableness of strengthening
the ends of passenger cars has led to a widening use
recently of steel platforms. The Pullman Company
has built them for several years past, but their use in
general passenger car building only dates back a year
or two.
Wooden platforms are open to many objections.
They are structurally weak; the outer end sags and
they do not resist the lateral strain of even ordinary
service. In accidents they are no protection against
telescoping. The buffing and hauling of hard service
often bends the end sills of the cars which support
the wooden beams of the platform. The joining of
the beams to the end sills makes them weakest at the
point of maximum strain.

These weaknesses are overcome in the design for
traffic are standing unused in round-house stalls be­ steel platforms. The advantages of construction are
cause their regular crews are off duty.
all with the steel type. The truss rods needed to sup-




O ctober , 1898.]

INVESTOKS’

port the wooden platforms are done away with because
o f the greater strength of the main steel beams, which
■extend about five feet back of the transom where the
main support is, taking this load off the end sills. The
buffing apparatus is also of better design and succeeds
in equalizing the strains to which the cars are subject
in hauling and pulling and in rounding curves, etc.
The cost of maintenance and repairs of the steel
platform is also less, being given as about 2 or 3 per
oent of the first cost, while for wooden platforms this
item averages not far from a fourth of the original cost.
Perhaps, however, the chief value of the steel plat­
forms is due to their behavior in accidents. They are
nearly if not quite as effective as a vestibule in pre*
Tenting the danger of telescoping. Experience in
several train accidents has clearly shown this, cars so
•equipped escaping without injury when others in the
train have been derailed or considerably damaged.

OILED RAILROAD TRACK.

SUPPLEMENT.
and even the cross-ties can be removed without turn­
ing up untreated ground. It may also be expected
that a considerable saving will be possible in new bal­
last. Broken stone is largely used for ballast because it
gives the least amount of dust; but it is expensive,
and becomes filled with cinders and material which
must be forked out at much trouble and cost. It ulti­
mately becomes more or less crushed and dusty, with
continued tamping and other track work. Cinder
ballast, which is frequently used, is objectionable, be­
cause when first laid it is dusty until well washed by
rain; it pulverizes with the surfacing, tie renewals and
track repairing, and then, because of its color, is the
worst form of dust. G-ravel, which makes an excel­
lent ballast, and is not as costly as broken stone, is
not more used because it is dusty— an objection which
oil spraying does away with.
Each of these forms of ballast has been sprayed
with oil, which is found to mix well with all of
them, fastening the loose parts together and preventing
their being lifted. As the chief advantage of stone
ballast is its comparative freedom from dust, and
not that it makes a better riding track, a less ex­
pensive form of ballast treated with oil will give a
track much more free from dust and as satisfactorv

During the past year a number of railroads on
which passenger traffic is especially important have
sprayed the surface of their roadbeds with oil. The
object is to secure as far as possible a dustless railroad
track. The use of stone ballast greatly abates but by in other particulars..
no means ends altogether the dust nuisance, and, even

on the best cared-for roads, it is to-day probably the
LATERAL MOTION OF RAILS UNDER
ohief annoyance in railroad travel. The experience
HEAT.
so far with oil-treated ballast has been very satis­
The writer of this article had occasion to observe,
factory and seems to warrant the statement that
where it is used passengers ride over an absolutely during one of the excessively hot days of the first week
dustless roadoed. That is something which hereto­ of last July, a remarkable instance of the effect of
great heat on rails. The train on which he was trav­
fore has appeared unattainable.
The method of treating the roadbed with oil is elling was stopped while descending a mountain grajle
simple. It requires only a flat car and equipment because the intense heat had thrown a length of per­
■costing about $210, with a tank car to carry the oil. haps 60 feet of rail sideways out of the track about a
T he flat car is fitted with spraying pipes fixed trans­ foot, the ties being also lifted out of the ballast. The
versely, and a supply pipe extending the whole length road-bed was substantial, laid with new 80-pound rails,
of the car. The latter is connected by hose with an stone ballasted, and the ties recently renewed. It
outlet on the ordinary tank cars. One end of the seems hardly conceivable that the action of the sun
supply pipe has a connection for several lengths of would have such an effect, but similar bucklings of
hose, each provided with valves and oil spreaders, for rails are not infrequent. About the same time a
distributing the oil by hand over the sides of the street-railroad track at Fort Wayne, In d ., was bent
slopes and other places not accessible to the fixed and twisted by the high temperature. In this case,
sprinkling pipes. Shields cover the rails to prevent however, the rails were entirely exposed, the street
.any oil dropping or splashing on them. About 2,000 pavement surrounding them having been removed.
gallons are needed for each mile ballasted. A heavy Ordinarily such instances are rare on street railroads
petroleum oil of low price, and non-combustible, is because only a small part of the head of the rail is ex­
used. The cost of oil treatment varies somewhat, posed, and the street pavement prevents or hinders
the longitudinal movement of the rail.
The-contributing cause to such kinkings is generally
the creeping of rails and too slight allowance at the
about $61 per mile.
The experience so far had with’ oil-treated track is joints for longitudinal movement. In laying track the
that the first spraying will last one season, and it is expansion and contraction of track in extremes of tem­
thought that after several applications the oil will perature is always taken into calculation; but some­
penetrate below the ballast and will render further times the rail splice is too tightly screwed to permit the
rail to shove through the splice under expansion, or the
treatment unnecessary for years.
The advantages secured by treating roadbeds with rails may be laid too close at the joint. It thus hap­
oil do not end with the prevention of dust, although pens that on a heavy grade where there is much
that is the primary object. It has been found that oil traffic, there is apt to be enough cold rolling of the
in a few months' time will penetrate oak cross-ties rail head to force some metal into the opening at the
from one-third to one-half inches, and thus aid in joints, further diminishing the spaces between the
preserving and extending their life. The oil surface rails. W hen expansion takes place the lateral buck­
prevents rain-water from penetrating the ties, and ling above pointed out occurs. It is worth noting
also to some extent from penetrating beyond the sur­ that the instances of rails being bent under these cir­
cumstances have been rather more numerous in recent
face of the ballast.
The ordinary work of track surfacing can be per­ years than formerly. This seems to be, paradoxically,
formed upon oil-coated tracks without creating dust, because of the greater attention now given to the
but on a road out of New Y ork the expense of spray­
ing 73 miles with oil is stated to have been $4,484, or




INVESTORS’

6

track. The weak point of the roadway is the rail
joint, and in endeavoring to strengthen and support it,
so as to avoid the jar and unevenness in the track at
this point, the rails are not so widely spaced as form­
erly. The allowance for the expansion of the rail is re­
duced to the minimum, and the space often proves in­
sufficient under the greatest expansion to which th e rails
may be subjected, and side throws are the result.

LOCOMOTIVE WATER SUPPLY.
A n ample locomotive water supply of sufficiently
good quality not to cause injury to boilers is ob­
viously of the first importance to a railroad. There are
three methods of supplying engines with water in gen.
eral use, (1) from tank fixtures or sway pipes, (2) from
stand pipes or water cranes, and (3) from track tanks.
The first of these devices is much the most generally
used by the railroads of this country, and it usually
admirably fulfills its purposes, if the valves and de­
livery pipes are made of sufficient size. It is operated
and controlled by one man from the tender, and has
few appliances to get out of order or to be injured by
frost except the valve, which is protected by the
water within the tank. Another important point in
its favor is that it costs very little to maintain, and
renewals are not frequent or expensive.
The objections to the system are chiefly that the
tank, necessarily of considerable size, must be placed
close to the track where space is valuable and separate
tanks must be built for each track, so that on doubletracked roads there is a duplication of plant; the
danger from the tanks catching fire is considerable,
especially in times of drought, and an interrupt! n to
the water supply for locomotives involves a disarrange­
ment to train schedules and is a small catastrophe. In
cold weather thejiflpw of water from the pipe, when
not in use or just after it has been in use, if it is not
properly drained, causes ice to form about the rails.
T he4track tank is a rather newer device than any of
the others, although it was first introduced probably as
long ago as thirty years on an English road— the Lon­
don & Northwestern. Its wide use in this country, how­
ever, is of comparatively recent date, but within a few
years it has become quite common. Its advantages are
especially marked where there are many high speed
trains. In fact, as it is both costly to install and to
maintain, it does not pay to put in the system unless
many fast trains are operated. The decided advan­
tages of supplying water to a locomotive without
stopping the engine are so obvious that railroad man­
agers have been ready to put in track tanks where ex­
perience has failed to justify their use. There have
recently been several instances of the system being
abandoned where local conditions were unfavorable.
The tanks are usual'y laid in lengths of 2,000 feet
and built in the track between the rails in the form of
a shallow trough, say about 18 in. in width and not
more than 6 in. in depth. The cost is about $1 per
lineal foot. The locomotives must be equipped with
an inclined scoop, which has a pair of wheels on the
front end to prevent its destruction. W ith the loco­
motive speed reduced to about 20 miles an hour about
3,000 gallons of water will be delivered per minute.
About as much water is wasted as is used, and in
winterjthis becomes a serious matter because ice forms
and gangs of men are required to chop it from the
rails. Water in open troughs must of course be con­
stantly heated in the winter, and this is usually done




SUPPLEMENT.

|Vol. LXVII,

by blowing live steam through it at intervals, or by
drawing the water from the center of the tanks by a
pump, forcing it through a heater and returning it to
the tanks at the ends. In some instances track tanks
have been worn out in two years. A ll this shows that
though the quickest means of filling an engine with
water, they are not the simplest or least costly device
to maintain; they are in fact often an expensive luxury.
But besides the cost of maintenance and the fre
quent renewals of the tanks, another serious objection
is that, because of the exposure of the water, it is
filled with cinders and other foreign matter which is
carried into the tenders, and if then introduced into
the boiler is likely to give trouble by clogging valves,
cutting out injectors, etc. Moreover, it is quite im­
practicable to fit each locomotive owned with water
scoops, so that the usual water columns must be main­
tained, even on roads where track tanks have been
built. Still, with so much to be said against their use,
they seem to be indispensable where very fast train
service is maintained. Especially is this true where
the existing water columns are of rather old date and
have not more than 8 in. pipes, which are insufficient
to deliver a large enough volume of water to fill tho
tenders of the large-sized modern locomotives in a
reasonable time. The story is told of a general man­
ager learning with surprise that there was no water
station on his road which would fill a locomotive tender
in less than eight minutes.
Recently designed stand pipes mark an advance in
that method of water supply and eliminate certain
former objections to it. W ith a 12-inch pipe and theproper pressure and head, the flow of water can be
made to equal 4,000 gallons per minute, so that there
is little delay in filling the tenders. Time is consumed
of course in stopping and starting a heavy train, but
this is not important unless the engineer, by over­
running his locomotive, is compelled to back up his
train, but even then the lost time is not so serious
that it cannot be easily enough made up. Stand pipes
are adaptable to single or double track, so that the
duplication of tanks for each track, as is necessary
when sway pipes are used, is done away with; the
operation of the water column is controlled by one
man, there is perfect freedom in the rotation of the
crane, the working parts are easy of access, and ea ily
protected from frost, the flow of water is uniform and
steady and the valve is balanced for either high or low
pressure.

GATES ON PASSENGER CARS.
Some five years ago the Chicago & Alton made a
rather radical departure by putting gates on the plat­
forms of its day passenger cars. The company ha»
now decided to remove them, although their utility
was long ago established, and the advantages which
were in view when they were first put on th« cars have
been realized. The reason for their removal is a com­
mentary on the close dependence of a railroad on the
good will of those who use, or are expected to use, its
facilities.
As viewed by the railroad officers there were dozens
of good reasons for having gates on the passenger
cars. The traveling public however objected to the
restrictions which they made necessary in boarding
and alighting. This was one of the chief advantage»
secured by the use of the gates, from the company’ »
point of view. It has however finally surrendered to

O ctober , 1898 ]

INVESTORS’

SUPPLEMENT.

7

That they

therefore in facilitating train schedules; this is ob­

had proved to be desirable seems evident enough from
the strenuous efforts of the railroad to keep «he gates,
to extend their use and to make them, if not popular,
at. least less objected to by passengers.
The oppo­
sition raised at first was so active that an order was
secured from a State railroad commission directing
the company to remove the gates. However, when
the railroad secured a hearing before the commission,
it was able to present such reasonable arguments for
its action that the order was rescinded. That of
«course did not brush away individual objections, but
the company seemed to have succeeded in minimizing
them . The gates have been in ust so long and such
marked advantages were derived, that they were no
longer regarded as on trial, but to have become one
o f the settled features of passenger train operation on
this road. Their use was extending and a number of
other railroads, some within a year, had adopted the
Chicago & Alton's gate system. In each case the re­
sults were equally favorable as on the road which had

tained by the more orderly handling of passengers,
'those leaving the train being given a clear way before
incoming passengers are allowed to board the cars. In
this way the counter currents of people are reduced

the continued opposition of its passengers.

originated the idea.
In using passenger car gates the railroads were
striving, for one thing, to reduce the cash collections
o£ fares by the conductors. This is a considerable
evil in many parts of the country, but especially per­
haps, in the Western sections. It is an. extra labor
for the conductor, forming no part of his regular work,
and taking him away from his first duty of overseeing
the operation of his train. The railroads are bound
to use every endeavor to lessen train collections of
fares, not only for the reason that the conductor has
other duties, but because it involves uncertain but
large direct losses ; besides, as ticket offices are main­
tained and agents paid to issue tickets, to receive pay­
ment for them, and make an accounting, that work
should be done through those offices. Gates on the
trains in charge of guards enforce the purchase of
tickets at the station ; and they can also be carefully
scrutinized to see that they are in proper form and are
offered on a train going in the right direction and

to a minimum.
W ith so much to be said in favor of the gate system
it will be surmised that the objections to it which
have been decided enough to force its abandoment on
the road which was the pioneer in its introduction,
would be of great consequence. So far as we have been
able to learn they are in effect that passengers would not
adjust themselves to the demands which were made
upon them. They exaggerated the inconvenience of
being asked to exhibit their tickets before taking a
train, stating that it forced them to deposit valises upon
the ground and unbutton coats to take out a ticket,
and this was dignified into being called a hardship and
made a grievance. After combatting such prejudices
for five years the Alton company has concluded that
the resulting benefits to the company are Hot sufficient
to make it worth while to continue the gate system.

LOCOMOTIVE COAL PREMIUMS.
Many of the railroads of this country^have for a
number of years paid coal premiums to their engineers
for economy in burning coal on the locomotives in
their charge. The usual practice is to apportion a
definite number of tons of coal for a particular run,
and any saving effected in the amount burned in the
fire-box is divided equally between the company and
the engineer.
But experience shows that while striving to reduce in
every way the waste of coal on locomotives, railroads
have to carefully guard against an excessive economy in
its use. The locomotive driver in his desire to earn a
substan ial coal premium is inclined to manage his en­
gine so that the small saving to the company in the
more economical use of coal is more than lost in other
ways. Iq Europe, where coal is an expensive item,
much attention is given to fuel premiums, and the
system is more systematically followed than is gener­
ally done in this country. In Prussia new regulations
governing the computation of the premiums due the
engineers have been recently issued, in which allow­
ance has been made for time and distance, two units
not usually taken into consideration, but having a
direct bearing on the coal consumption and locomotive
performance. Instead of basing the premium on a
fixed allowance of fuel, the calculations are now upon
the mileage made per unit of coal in connection with
the speed made. This is obviously a more correct
way of arriving at the legitimate saving which an en­
gineer may report in his coal consumption than the

stopping at the passenger’s destination.
Certain records which are available are illuminative
in their bearing on the reform worked by train gates
in reducing train fare collections. The Chicago &
Alton first put them on its cars in June 1893. In
1896 all the main line cars were so equipped but not
the branch lines. In 1892 conductors had returned
cash collections of $100,000 from about 210,000 passen­
gers, and the collections were steadily increasing. In
1897, when gates were on all the main line cars, the
collections had fallen to about $13,000 from 23,000
passengers, including branch line collections.
As
bearing on the same general point, perhaps as a corol­
lary, it may be stated that the increase in ticket office usual method.
W e should expect to see some revision of the basis
receipts at. three local stations, above the decreased
of estimating the coal premiums in the United States
cash collections on one division, was sufficient to
pay the cost of the gates and the larger pay-roll for by allowing for these two governing factors.
guards.
•
But besides the revenue question other advantages

LONG CAR FERRIES.

The long railroad car ferry lines on Lake Michigan
are secured, considerable enough to justify a wide
represent an interesting development in transportation
general adoption of the gates. They prevent the dan­
ger of passengers getting on or off trains while in m o­ methods. Some of the routes haye been established
tion, or- alighting on the wrong side of the cars, a fre­ several years and have been operated with much suc­
quent source of accident. Oar seats and aisles are cess. The boats enable freight to be transported
not blocked by crowds seeing friends off, to the incon­ across Lake Michigan without change of bulk, the
venience of other passengers, for no one without a cars being run on the vessel and then re-transferrcu
ticket is allowed through the gates. There is a saving to the railroad tracks on the opposite side of the Lake
in the time of hand'ing passengers at stations, and after a journey of from 60 to over 90 miles. The




m

m

m

8

IN V E T O E S ’

SUPPLEMENT.

service offered by the car ferries has enabled the rail­
roads operating them to compete for a good share of
certain classes of through freight between the east
and points west of Chicago against the routes via

[Y ol. l x y i i .

the terminal, clean out the fire-box, and hold it in the
roundhouse an indefinite and irregular time. It fol­
lows that an engine must necessarily stand idle a good
part of each month. By making a longer run, the loco­

that city. The railroads, besides profiting from the in­ motive spends more hours on the road earning revenue,
creased tonnage developed by the car ferries, are able and the non-productive period in the roundhouse
to secure a more advantageous pro-rating agreement is thus much reduced. Operating divisions, while
with their connections.
differing a good deal in length, according to the to­
Railroad freight has long been carried across Lake pography of the country, are generally about 100 miles
Michigan by breaking bulk, but this has involved long. W hile such a distance may have been the limit
trans-shipment from the cars to the boats and back which it was found profitable or desirable to use with
again, the double loading and unloading being so the smaller locomotives of some years ago, it inade­
expensive that few classes of freight could bear the quately represents the efficiency and endurance of en­
high charges, and the business was necessarily limited. gines of the present day. These can be usually de­
The first boat specially designed to carry loaded cars pended on to maKe continuous runs of upwards of 300
across Lake Michigan was built only a few years ago. miles, and evidently it is desirable to lengthen these
The experiment resulted so well that a number of runs as much as practicable.
boats have since been built for this same purpose.
A
In furtherance of this policy, two divisions are
brief description of the latest of these will give a often consolidated, three reduced to two, and sa
general idea of the size and capacity of the marine on. The plan, as it was worked out on the Cleve­
equipment used.
The vessel is of steel, with twin land Cincinnati Chicago & St. Louis, was exceed­
screw propellers, and is 350 ft. in length and of 56 ft. ingly simple. That company had ten divisions,
beam. The main deck has four railroad tracks which averaging about 125 miles in length, which were con­
can accommodate 30 freight cars. The vessel has a solidated into five, of between 194 miles and 283
speed of 15 miles an hour and is intended for winter miles. The locomotives now run over these consoli­
navigation; the experience with the similar vessels dated divisions as easily as over the old ones of half
used last winter showing that the delays to the car their lengths. On the Chesapeake & Ohio the prob­
ferry by bad weather were not frequent or important.
lem has had to be worked out in a slightly different
Railroad cars are carried by water route between manner. The divisions could not be readily consoli­
Chicago and other points on Lake Michigan on car dated, but continuous time on the road was length­
floats, but the distinctive feature of the car ferries is ened by arranging the train schedules, so far as possi­
that the boat carrying the cars is moved under its own ble, to enable the locomotives to double the d iv is io n power. The car-float system is a very old and usu­ in other words, to start on their return journeys over
ally efficient and economical means of moving freight the division without loss of time.
The increase in the daily or monthly engine mileage
cars from one point to another across water. It has
reached a high state of development in New York which is obtained by increasing the length of rune
Harbor, where the terminal conditions require a large may be placed all the way from 15 per cent to 50 per
interchange of freight by water.
Every railroad cent. A fair average would appear to be over 25 per
reaching New Y ork Harbor operates or leases an ex­ cent, and under certain conditions of traffic the gain
tensive car-float fleet. The New Y ork New Haven & would average not far from 50 per cent. That is to
Hartford has floats on 75 miles of water routes, car­ say, equipment is economized, a given amount of
rying 1,440 cars a day. Another road has floats on 32 freight being transported with a less number of en­
miles of water lines, and altogether about 10 companies gines; capital is’ thereby saved, and that invested is
use car floats within the harbor limits. Their work, making a better return. Moreover, the cost of main­
tenance is much reduced, particularly for the boiler
however, is different from that of the car ferry lines.
flues and the fire-boxes; the drawing of fires is also less
LONG LOCOMOTIVE HUNS.
frequent, and the resulting exposure to expansion and
The recently published annual report of an import­ contraction, which always is a source of injury, is di­
ant Western railroad stated that by a change in the sys­ minished, making less repairs necessary; fuel is like­
tem of operating motive power, the number of passen­ wise saved, because of the smaller number of times the
ger engines used in main line traffic had been reduced engines are fired, about 500 to 800 pounds of coal being
one-half. This sweeping economy was effected through used up in each re-kindling, and probably nearly aa
such a simple expedient as lengthening the locomotive much more being unconsumed in the fire-box whenever
runs, that is, the distance travelled by a locomotive the fire is drawn. Another gain is in the time lost in
hauling a train before its fire is drawn and it is sent changing engines, a matter of considerable and special
into the roundhouse. This plan has come into con­ importance where fast schedules are made. Finally,
siderable prominence within the last year and a-half fewer district terminals are needed to house and carebecause so many roads have adopted it, and the re­ for the engines; this often permits a saving of about
sulting economy uniformly reported has been so great. $1,200 a month at each terminal point. On a large
Some companies, however, are able to give five or six road a number of the smaller district terminals can be
years* experience under the plan.
abolished without in any way interfering with the effic It has been the common practice to run a locomo­
tive over a division, but not beyond, uncouple it at

iency of the motive power, for which they are chiefly
maintained.

IN D E X TO COMPANIES— CONSOLIDATED, &c.
The Index to companies which no longer appear in their alphabetical position because of consolidation, etc., i&
omitted from the present edition of the Supplement, but will be found in the issue" for April, 1898.




RAILROAD

COMPANIES.

(F or M iscellaneous Companies see pages 147 to 159 inclusive .)
BXPLA HA.TOR Y.—This Supplement Is expressly Intended for use in connection with the investment news and official reports published
from week to week in the Chronicle . Frequent references are therefore made to the volume and page of the Chronicle (as, V. 64, 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
e company. As every such item contains a reference to the last preceding item, the reader can run back over the company’s history #
r J^ea8tire‘
reports are in black-faced figures, and italics indicate a paragraph headed by the name of some other company.
a *• X ny oompany not in its regular alphabetical order may be found by means o f the index to roads leased and consolidated.
vidends. The dividends tabulated in the text are those actually paid during the calendar years named, irrespective o f when earned,
ct earnings are given after deducting operating expenses and usually taxes, but not interest, rentals or other fixed charges.
ecurities. These are described in table at head of page [except the stock, for lack o f space, sometimes only in text below] as follow s:
Miles o f Rood.—Opposite bonds, this means the miles of road owned covered by the mortgage.
Biae or Par Value. Shows (in dollars unless otherwise marked), the denominations or par value, “ 100, &o.,” signifying $100 and larger.
ate Per Cent. The interest and dividend rate,per annum is here show n: g., gold; cut., currency; x, extra; s. stock or scrip.
n Buyable. J. * J. stands for January and J u ly; F. & A., February and August; M. & S., March and September; A. & O., April and October;
M.
& N., May and Nov.; J. & D., June and Dec.; Q.—J., quarterly from Jan.; Q.—F., quarterly from Feb.; Q.—M., quarterly from Maroh.
on 8, principal when due, etc. This column shows the date when the bonds mature and the amount and date o f the last dividend.
■Abbreviations in ta b le: M. for “ mortgage; ” gen. M. for “ general mortgage; ” con. M. or consol. M. for “ consolidated mortgage; ” ino. M
,,°
Income m ortgage;” g. for “ g o ld ;” o. or cur. for “ cu rren cy;” guar. p. & i. for “ guaranteed principal and interest;” cum. for
cum ulative;” non-cum. for “ non-oumulative; ” oonv. for “ convertible;” pref. for “ preferred;” s. f. for “ sinking fun d; ” 1. gr. for “ land
grant, r. “ registered; ” o. “ coupon;” ©.* “ coupon but may be registered as to principal; ” br. “ branch;” end. “ endorsed;” “ red.” redeemable;
. , rft or “ draw n” subject to call when drawn by lot; “ p. m.” “ per mile;” as’ d “ assumed.” “ x ” Principal and interest payaole without
«reduction for any tax which the company may be required by law to pay. “ n ” No more issuable.
Mortgage Trustees are indicated th u s:
New Y ork C ity—
Boston —
C hicago—
P ittsburg —
L ouisville—
Us— United States ■.rust.
*
A — Atlantic Trust.
A B —American Loan & Trust. EC—Equitable Trust.
C L—Columbia Finance & Tr. FPi—Fidelity Title & Trust.
J<e—Central Trust.
B B —Boston Safe Dep. & Tr.
IC— Illinois Trust & Sav. Bk. F li—
Fidelity Tr. & Safety Vit. P Pi—Pittsburg Trust.
Oo—Continental Trust.
I B — International Trust.
MC—
Merchants’ Loan & Tr
LL—
Louisville Trust.
UPi—Union Trust.
Farmers’ Loan & Trust,
MB—
Massachu’tts Loan & Tr. NO—Northern Trust.
P hiladelphia—
guaranty Trust.
N B—New England Trust.
BC— Royal Trust.
F P — Fidelity Insur’nce Trust _ S t . Louis—
O B— Old Colony f st.
J j- Knickerbocker Trust.
ÜC—Union Trust.
& Safe Deposit.
M 8t—
Mississippi Valley Tr •
jn a ManhauAn Trust,
Baltimore —
GP— Girard Life Insurance 8St— St. Louis Trust.
e—
Mercantile Trust.
B Ba— Balt. Tr. & Guaranty. ^ C incinnati—
USt—Union Trust
F B a — Fidelity & Deposit. • ''C i—Central Trust & Safe G uP— Annuity & Trust.
Guaranty Tr, & S.Dep.
MB a— Maryland Trust.
Deposit,
for Insur.
P—
Metropolitan Trust.
S an
Me B a—Mercantile Tr. & Dep. UCi—Union Savings Bank & P P_— Penn. Co.Gr. Ann.* on C 8— Francisco— Deposit
Lives &
N. Y. Security & Trust.
California Safe
8 B a— Safe Dep. & Trust Co.
Trust.
W P —West End Tr.& S. Dep.
State Trust,
& Trust.
li n—Union Trust.

f

Subscribers w i ll con fer a great fa v o r toy g iv in g im m ed ia te notice o f a n y error discovered in these T a b les.
RAILROADS.
Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due
Amount
For explanation o f oolumn headings. &o. see notes of I of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last ’
.
above.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Aberdeen < Asheboro—Aber. & West End 1st mort.
&
Adirondack.—1st M., gold, gu. p. &1. end., U s o*<fcr
Alabama Great South’n—“ B” shares (English Co.)
Pref. “ A ” shares, (English Co.) 6%, £800,000___
1st M. (American Co.) gold, $ l,7 5 0 ,0 0 0 ......F .c
Gen.M., £1,160,000, red.at 110 June l , ’98.Ce.c
Debentures, gold (English Co.)............................. o
Funded arrears of dividend (English Co.)............
Alabama Midland—Common stock............................
Pref. stock, 6 p. ot., non-cum.; no voting power..
1st M., guar. p.&i. end. Sav. F. & W., gold.lttp.xo
1st M., Sprague to Luveme, gold............. OTp.xo*
A-a.N. O. Tex. dkPac. June.—Deferred “ B ” shares...
Preferred “ A ” shares, 6 p. o. cumulative........... ..
“ A” deben., red. aft. Nov.1,’ 10, at 115—See text.o
“ B” debentures, income, red. after 1910 at 115.o
“ C” deb., income, subject to call any time at 100.
Interest oert. (secured by £34,193 “ 0 ” deb.)___
labatna < Vicksburg—Stock................ .
£
V ick sbu rg* Mer. 1 s tM. gold,$1,000,000..F .x c
Ala. & Vicks. oonsol.lst M., ($1,800,000) g..C e.o
2d M., orig. $700,000, ino. till Apr., ’94, g .C e .c
n No further bonds issuable.

64
57
297
297
297
297

1890
1892

$ 1,000

1,000
£10

£10

1878 $ 1,000
£100
1888
1886
£100
1888 Various.
1888
1890

$100
$100

$ 1,000
1,000
£10

£10

1890 £50 &o.
1890 £20 *0.
1890 £20 *0.
143
143
143
143

'Too

1881
1,000
1889 100 *o.
1889 100 &o.

$50,000
J. & J. Balt.,Mer.Tr.& Dep.Oo
Jan., 1910
1,000,000
M. * S, N.Y.Of.,21 CortlanatSt Deo. 1, 1942
£1,566,000
London,
Deo., 1892
£676,070
6
j.'& 'b
do
June, ’ 98, 3%
$1,750,000
6 g- j . & j , N. Y.,Farm.L.*Tr.& Bos Jan. 1, 1908
£526,000
5 g- J. & D, London, Glyn,Mills&Co Deo. 1. 1927
£134,000
F & A 15
do
do
Aug. 15,1906
£53,257
4 g'
do
do
By sink’g fund
$2,625,000 PlantIn vest. Co . owns $2,425,000 of th is.l
1,600,000 PlantIn vest. Co . owns $ 1,200,000 o f th is.1
n 2,800,000
I & M. & N. N.Y.,Met’politan Tr.Co. Nov. 1, 1928
500,000
6 g. J. & D.
Deo. 1, 1929
£2,500,000
£1,500,000
£748,850
M. & N.
See remarks.
N ov.l, 1910-40
£1,048,390
M. & N. 2%% fo r ’ 97 pd. Feb.’ 98, N ov.l, 1910-40
£810,652
A. & O.
See remarks.
Nov. 1, 1940
£28,494
$700,000 5 in 1897 Yearly. New Orleans, Office. Sept.T,v97,5%
n 1,000,000
A. & O.
Central Trust Co. Apr. 1, 1921
Î g A. & O. N. Y.,do
<
588,800
do
Apr. 1, 1921
K g< A. & O.
638,300
do
do
5 gApr. 1, 1921

A berdeen Sc A sh eboro B R . —Aberdeen to Asheboro, N. O., 56
Ala.ba.ua M id lan d B y .—Owns Bain j ridge, Ga., to Montgomerv
.; branch to Troy, N. C., 8 m. Stock, $250,000; par, $100. Earnings Via., 17o miles; branch, Sprague Juuotion to Luverne, 33 miles; total
n year 1896-97, gross, $48,427; net, $12,424; interest charges, *5,493. owned, 208 miles. Operates Abbeville Southern, Abbeville Juuotion
A d d iso n Sc P e n n sy lv a n ia B y .—Owned Addison, N. Y , to to Abbeville, 27 miles; completed Nov., 1893. Bonds due 1928 have
aines, Pa., 41 miles, and leased Gaines to Galeton, Pa., 5 miles, been reduoed from 6 to 5 p. o. and stamped principal and interest
oreelosed, three compan es being formed to take title to the different guaranteed in gold by the Sav. Florida & West. No arrangement was
ortions, all o f which in 3ept., 1898, leased their respeotive properties made with the branch line bonds, mostly held by the Plant Investment
Co.f which controls the Alabama Midland stock. Current accounts
o the Buff. & Sus. at fixed rentals for 25 years.—V. 67, p.427.
payable June 30,1897, $1,656,116.
accounts
A d iro n d ack B y .—Saratoga to North Creek, N. Y., 57 m. Stock,
E arnings.—1 month, > 1898........ ........Gross, $67,976; net. $8 949
2,600,000; par, $100. The »ouds carry the endorsed guaranty o f the
July 1 to July 31.
) 1897...............Gross, 58,829; net, l4 9 0 1
elaware * Hudson; $1,000,000 bonds reserved for extensions at
20,000 per mile of completed road. In year ending June 30, 1898, In 1897-98, gross, $766,274; net, $143,679. For year 1896-97 vross
$671,456; net, 111,650. In 1895-96, gross, $ 6 2 4.1 8 2 ?net? $91,729
’
ross, $208,305; net, $72,496; other income, $8,405; charges, $52,006 ;
n 1896-97, gross, $199,725; net, $67,810. (V. 59, p. 1102.)
Alabam a N ew O rleans T ex a s Sc Pacific J u n c tio n R a i l ­
A la b a m a Great Southern R B , - f See Map Southern Railway.)— w a y s C o. (L im ite d .)—This is an English company controlling Ala­
wub Wauhatchie, Tenn., to Meridian, Miss., 291 miles; branch lines bama & Vicksburg, 143 miles; Vicksburg Shreveport & Pacific?, 189
05#
wned, 6 miles; leases Wauhatohie to Chattanooga, 5 miles, and Belt m iles; New Orleans & North Eastern, 196 miles.
Securities O wned .—Ala. * Vioksb $30,000 1st mort $387 700 95
»y. o f Chattanooga, 43 miles; trackage to Blookton, Ala., 8 miles, and
oodlawn, 19 m iles; total operated, 372 miles.
mort., $141,000 consol. 1st M. and $387,700 stock rvick sb : Shreve
& Pacific, $3,692,000 1st M., $1,364,000 3d M., $494,860 4 p 0 in­
O rganization .—Controlled by Southern Ry., but operated independ come? and $1,594,000 stock; New Orleans & North East.. $4 900 000
ntly under agreement with Cincinnati Hamilton & Dayton. See V. 60
$^>820,000 stock; Southwestern Construction Co $5 3 2. 28 ; V. 61, p. 375. Ala. Great Southern ity. Limited owns all of the
° ‘ & N*E- and v - s - & Pac. Deo. 31?’ 97,
took and debentures of Ala. Great So. RR., and has issued in place £l?051°,678OVerdUe 00Up0n8
hereof its own stock and debentures respectively for a like amount,
£'° £
Eor 1891- 1892.1893. 1894. 1895.1896 ’ 97
he two companies own jointly $1,000,000 stock of Southwestern « S '» U k 8v AID~
? ” Deb^ ltarea-- P\e\ 212
,
2 *2
0
-875
1
2^
2%
onstructiou Co. received in exchange' for $1,090,000 Cin. N. O. &
A
do
..
AH coupons paid to May, 1898, inclusive.
ex. Pac. stock. See V. 65, p. 1173.
E arnings.—See separate statement for each of the controlled com
Stock .—Of the capital stock o f the English Co. the Southern Railway ?R9761w a ? ? 7 u n c t i o n Rys. Co. for year ending Deo. 31,
o. on July 1, 1898, owned $1,725,000 “ A” shares and $4,540,050
m-7 ' 66’ p-,284>showing net receipts from investments were
B” shares. V. 61, p. 26. For right to dividends see Sup . of March,
f>
eneral expenses (£3;765), income tax (£1,879), interest
894.
ou A” debentures, (£36,194), on
debentures 2% r> a
Feb., 1898), £27,870; balance £716. V. 64, p 325? V 66p/p ? 2 8 4
D ividend — } ’89 ’ 90. ’ 91. ’ 92. ’ 93. ’94. ’ 95. ’ 96. ’ 97.
VIDEND— V89.
’98.
A” s h a r e s . 6
9
6
6
0
0
6
0
9
6
* y l c ^ 8 b u r.S R y . —ow ns Vicksburg to Meridian Miss
B” shares. % ) 0 0
l^ l^
0 0 0 0 0
0
nSu.J,raiinb’ ^
miles, all steel rails. Controlled by Alabama New
Orleans Texas & Pacific Junction Co.—whioh see Reorganization nt
B onds.—General M. 6s, £484,000, will retire 1st 6s and debentures, the Vicksburg* Meridian foreclosed Feb.4 ,1889(see V 48 t ? l 90i
*
D ividends . 1890 to 1892, 3 p. o. yearly;’ ^1896,(^ p. ft fl8 9 7 , 5 p. c.
3
LATEST E arnings—2 mos. 11898........Gross, $284,239; net, $91 347
B onds.—The new seconds were income till April 1,1894 and are a
July 1 to Aug. 31.
1 1897........Gross, 267,657; net, 86^099
d
aor® OJ th e$1,800,000consolsautho“
8ANNUAL R eport .—For 1897-98, gross, $1,711,933; net, $559.021 • ?ze8
are Wlt£ trustee to retire
terest on bonds, $282,862; iuoome tax, etc., $17,589; balance for Vioks. & Meridian assenting bonds expiredV. & M. ,firsts. Right to call
April i 1897.
ook, $265,939. Report for year ending June 30, 1897, was in V. 65
EARNmGS.—Fiscal year ends June 30. In 1897-98, Jan. to Sept. 30 19
. 776, showing gross, $1,605,546; •net, $502,505; other income'
5,511; interest and rentals,_ $280,134; other charges, $17,960; bal- mos), gross, $481,819,agst.$401,4 85in ’96-97. R eport’ 96-7,V.65, p. 617
oa
<R *9 S
R rlkA
Interest, etc. Bal. sur. Dividend
ce for stock, $209,922; dividends on stock o f American Co. (6 p. c.) f»Q 7 S
$203,523
$123,137
$80.386
........
190,570. See V. 64, p. 325, for statement of English Co. June 30*
987,528
125,412
21,000
896.—(V. 64, p. 3 2 5 ; V. 65, p. 7 7 6 , 1173.)
’ —(V. 63, p. 5 5 5 , 6 5 0 ; V.186,393 1 7 ; V. 66, p. 286.)60,981
65, p. 6




INVESTORS’
SUPPLEMENT.
[V ol .
l x v ii,




OCTOBKK, 1898. J

RAILROAD STOCKS AND

BONDS.

I t

su bscribers w ill confer a great fa v o r by g iv in g im m e d ia te notice o f any error discovered in these T a b les.
Bonds—Prlnol
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, When Due.
Amount
of
Par
Rate per When Where Payable and bv Stocks—hast
V o i explanation of column headings, &c., see notes of
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Dividend.
Albany A Northern- -S to c k ...............................
1st mortgage............................................................ o
Albany A Stisq.—Stock,divi’ dsguar. byD.& H.(end).
Oonsol. M. (guar. p. A i. end.) currency 7s. F.c*<fer 142
142
Do
do
6s, interest only in goid—
12
Albany A Vermont—Stock......................... ....... .........
Allegheny A Kinzua—1st M., $500,000, gold.Ce.o*
98
Allenheny A Western—Stock ($2,500,000)___ ____
98
1st M. $2,500,000, gold, guar., p. & i. end ..........
Allegheny Valley—Common stock for $12,000,000.. 259
Preferred stock for $18,000,000, 3 per cent cum. 259
1st M., low grade,East’n E xt., guar. Penn. RR..C 259
Mort. to State Pa., $100,000 due Jan. 1, yearly..r 259
Gen. M. ($20,000,000) g., guar. p.& i. FPi.x.o*<fcr 259
....
Allentown RR. (leased to Phila. & Reading Ry.) ..
3
Allentown Term'l—1st M., guar.p.&i.(end.)g.Ce.xc*
A nn Arbor Railroad—Common stock....................... . . . .
Preferred stock ($4,000,000), 5 p. o., non-oum...
292
1st mortgage, $7,000,000, gold................ M p x.c*
Annapolis Washington A Baltimore.—Stock............ 201®
74
Ark. MidVd—1st M.($6,000 p.m.)g.,red.atllO.Ce.e*
Ashland Goal A Iron Railway.—1st mortgage.......
A tch iso n Topeka & Santa F e R y .—Stock, com .. 6,935
Stock, preferred, 5 p. c., non-cumulative.............
Chic. & St. Louis 1st M. ($10,000 p. m.) cu r.F . .o Ï50
Old bonds not assenting to reorg. of 1 8 8 9...o*&r . . . .
General mortgage of 1895, securing—
Prior lien bonds, $17,000,000, red. at 103,g.o*<ftr
General mortgage, gold, see tex t........ Un.c*&r 6,9 lé
Adjust, inc., non-oum. till July 1,1900, g., Ox.o'&r 6,946
Equip. Tr., Ser. A., g., $250,000 dr. y’ly at p a r.. .c . . . .
n No further bonds issuable.

i t 96
___
1876
1876
1890
1898

$100
1,000
100
1,000
1,000
100
1,000
100

50
..
50
1870
$& &
1870 100,000
1892
1,000
50
1889
1,000
100
....
100
1895
1,000
100
189Ì
1,000
1880
1,000
....
100
100
1885
1,000
....
1895
1895
1895
1892

l.OOO&c
None.
500 &o. 124,3 v>4,500
500 &c. 51,728,000
500 &e.
l.OoO.OOO

5
7 in 1898
7 our.
6 g.
3
5 g.
6 g.
4 g.

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

& J.
. Jan. 1, 1946
& J. N.Y.,Del.&Hud.Can.Co. I July, >98,
do
do
& O.
Apr. 1, 1906
do
do
& 0.
Apr. 1, 1906
Troy, N. Y.
& N.
May, ’ 98, li®%
< A.
&
In default.
In installm’ts.
New York.
& J.
do
do
1998

6 g. or 7 A. & O.
J. & J.
5
4 g- M. & S.
inol. $1, 071,400
4 g. J. & J.

Phil., Pa. RR. Co. & Lon.
Pittsburg, Pa.
Philadelphia,Pa. RR.Co
under Reading Co.mort.
New York and Phila.

4 g. Q .-J .
See text J. & J.
6 g. J. & J.
F. & A.
7

N.Y., Metropol. Tr. Co. July 1, 1995
Stk.own.by B.& A.Sh.L.
See text.
N. Y .,H.Tallmadge<fc Co. July 1, 1911
First Nat. B k„ Cincin. Aug. 1, 1900

April 1, 1910
Jan. l , ’ 99, etc.
Moh. 1, 1943
of 1896.
July 1, 1919

5
6 our M. & S. N. Y., 59 Cedar Street. Moh. 1, 1915
Various.
4
4
4
5

g. A. & O. New York, 59 Cedar St. Oct. 1, 1925
fc
do
do
Oct. 1, 19Hô
g. A. < O.
g. Nov. 1 Paid 4 p.o. Nov. 1,1898 July 1, 1995
J. & J. New York and London.
g.

cur., currency.

A lb a n y Sc Su squ eh an n a K R , - (See Map Delaware A Hudson.)—
R oad .—Owns Albany, to Binghamton, N. Y., 142 miles. Leases,
Duanesburg Junction, N. Y., to Schenectady, 14 miles; Cobleskill,
N. Y., to Cherry Valley, 21 miles; Lackawanna & Susquehanna RR., 22
miles; East Glenville to Coons, 10 miles; total operated, 209 miles.
L eased for 150 years from February, 1870, to Delaware & Hudson
Oanal Co., which Dec. 31,1897, owned $450,000 stock. Lessee guaran­
tees 7 per cent per annum on stock till the Albany City loan for $1,000.000 is paid, by sinking fund, thereafter 9 per cent. (See wording of
guaranty in V. 56, p. 774.) The last instalment of the Albany City
loan was paid May 1,1897, but the sinking fund fell $296,878 short of
meeting the principal. This amount has been borrowed, payable In
eemi-annual instalments up to May 1,1902, and will be met from
sinking fund (now $70,000 yearly) before dividends are increased.
Additions charged to lessors, and cost made part of Investment.
A nnual R eport .—Earnings for years ending June 30:
Gross.
Net.
Ohar.Ataxes.
Bal., sur.
1897-8........................$4,125,187 $1,822,427 $1,113,184
$709,243
1,651,131
1,102,614
548,517
1896-7........... .......... . 3,924,524
—(V. 62,'p. 318, 907; V. 63, p. 3 5 5 , 879.)
A lb a n y Sc V e rm o n t R R ,- O w n s road from Albany to Water­
ford Junction, N. Y., 12 miles, Leased to Rensselaer & Saratoga in
1860 and now operated by D. & H. Canal Co. Annual rental, $20,000.
A lleg h en y Sc K in z u a K R , —Bradford to Coffee Run, Pa., 14
miles; Gilbert, Pa., to Red House, N. Y., 21 miles ; branches, 7 miles.
Receiver is F W. Kruse, d e a n , N. Y. In June, 1898, not in operation.
Foreclosure ordered. Y ea r’96-7 gross, $7,507.—(V. 64, p. 662.)
A lleg h en y Sc W e ste rn R y , - (See map Buff. Roch. A Pitts.)—
Under construction from Punxsutawney to Butler, Pa. (about 60
miles) as an extension of Buffalo Rochester & Pittsburg, to which it
is to be leased on completion for guaranty of bonds (4s) and 6 per cent
yearly on stock. To use Pitts. < Western from Butler to New Castle
fc
under a trackage arrangement, making in all about 98 miles. V. 67,
p. 735. The cost of the road (as originally projected to own 98 miles)
was to be represented by $2,500,000 of stock (to be offered in whole or
in greater part to the B. R. & P. stockholders at par) and $2,500,000
bonds, which were not to be created until $2,000,000 stock at par has
first been expended.—V. 67, p. 72.
A lleg h en y V a lley R a ilw a y .—Owns from Pittsburg to Oil City,
Pa., 132 miles; Red Bank, Pa., to Driftwood, 110 m ; others, 17 miles.
Brookville, Ry., 13 miles, is controlled. See V. 64, p. 1179.
Organization , &c.—Reorganization March 1,1892, of the Allegheny
Valley Railroad, sold in foreclosure Dec. 15,1891. P la n of reorganiza­
tion, eto., was in V. 53, p. 324,368, 520; V. 54, p. 409,524. Road con­
trolled by the Pennsylvania RR. Co. as majority stockholder, owning
$9,653,800 common and $11,431,656 preferred stock. Wording of
pref. certificate was in editorial of Supplement of Oct. 30,1897, p. 3.
B onds.—General mortgage has principal and interest unconditionally
guaranteed by Penn. RR. by endorsement on each bond.
E arnings.—8 months, >1898........Gross, $1,732,318; net, $699,663
Jan. 1 to Aug. 31.
>1897........Gross, 1,587,490; net, 622,624
R eport .—Report for year 1897, V. 66, p. 1234: Gross, $2,553,134;
net, $1,074,869; int., taxes, etc., $1,074,297; balance, surplus, $571.
A lle n to w n R R , - Toptonto Kutztown. Pa.,41 m.; Reading system
®
A lle n to w n T e r m in a l R a ilr o a d .—Owns 3 *2 miles of railroad in
Allentown Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia &
Reading and Central of New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at interest on bonds and 5 p. c. on $450,000 stock (par
$50), Donds being guaranteed, principal and interest, by Philadelphia &
Reading (foreclosed) and Lehigh Coal & Navigation. The Phila. &
Reading Ry. Co. in 1896 assumed the Reading’s share of the old lease.
A n n A rb or R R .—(See Map.)—R oad .—Owns road from Toledo, O.,
northwesterly to Frankfort, on Lake Michigan, 292 miles; operates car
ferries between Frankfort, Mich., Kewaunee and Maintowoc, Wis.,
and Menominee and Gladstone, Mich. The Flint & Pere Marquette
and Cincinnati Jackson A Mackinaw use the Toledo terminals.
Organization .—Successor Nov. 1, 1895, to Tol. Ann Arbor & Nor.
Mich., sold in foreclosure in 1895 and reorganized under the QuintardLawrenee p la n in y. 59, p. 782, the Escanaba Frankfort & S. E.
being formally absorbed.
Stock .—Pref. stock certificate in editorial in Supp . Oct. 30,1897, p. 3.
B qnds, E tc.—The first mortgage (trustee, Metropolitan Trust Co.
N. Y.) covers eutire property, including terminals and freight boats.
Floating debt Jau. 1, 1897, notes payable $100,000; vouchers and ac­
counts payable, $209,139; cash, etc., $66,993.
L atest E arnings - 8 mos. > 1898.......... Gross, $967,689; net, $268,3^9
Jan. 1 to Aug. 31.
> 1897 . . ___Gross, 834,816; net; 282,615
A nnual .—In calendar year 1897, gross, $1,314,189; net, including
taxes, $388,690; interest, $285,584; balance, surplus, $103,106; in
1896, gross, $1,170,751; in 1395, $1,106,234.
D irectors .—President, W. R. Burt; G. W. Quintard, J. Edward Sim­
mons, Franklin B. Lord, R. C. Martin, H. W. Ashley, John Jacob Astor,
R D. Murray. Benj. Perkins, William C. McClure, A. W. Wright, Amos
F . Eno. D. C. Tate. (V. 62, p. 455.)




$350,000
400,000
3,500,000
n 3,000,000
«7,000,000
600,000
485,000
1,200,000
None.
10,544,200
16,722,900
9,998,000
1,100,000
5,592,000
1,268,885
n450,000
3,250,000
4,000,000
n7,000,000
358.000
176,000
244,000
102,000,000
120,686,000
n l , 500,000
693,210

A n n a p o lis W a sh in g to n Sc R a ltim o re R R . —Owns road from
Annapolis to Annapolis Junction, 201 miles. Controlled by the Balt.
®
& Ann. Short Line, which owns the stock. (V. 64, p. 1223.)
D ividends — ) ’87. ’ 88. ’ 89. ’ 90. ’ 91. ’ 92. ’ 93. ’94. ’ 95. ’96. ’ 97.
Rate p. c. > 5
4 ^ 4 44* 53t 6 % 51 6-36 41® 414 3
®
E arnings.—For year ending June 30,1897, gross, $55,535; net, $14,766; taxes, etc., $4,297; dividends, $5,362; balance, surplus, for vear,
$5,107. In 1895 96, gross, $59,846; net, $17,990. President (Sept.
1897), J. Wilson Brown, Baltimore. (V. 64, p. 1223; V. 65, p. 410.)
A r k a n sa s M idland. R R . —Owns from Helena, Ark., to Claren
don, 50 miles; Pine City to Brinkley, Ark., 24 miles. Mortgage is for
$516,000, but $216,000 can be issued only in case the entire 86 miles
is laid with 56-pound steel rails. Capital stock, $1,625,000 (par $100.)
Dividends paid: In 1895-6, 1-348 per cent; iu 1896-7, -74 p. 0.; in
1897-8, 1-92 p. 0. Loans and bills payable June 30,1898, $2,073.
E arnings.—8 m onths,) 1 8 9 8..................Gross, $69,046; sur., $1,465
Jan. 1 to Aug. 31. > 1897...................Gross, 60,431; def., 4,098
Year ending June 30, 1898, gross, $133,434; net, $48,604; interest
and taxes, $17,317; dividends, $31,287.
A sh eville Sc Spart. R y .—See Spartanburg Union & Col. Ry .
A sh la n d Coal Sc Ir o n R y .—Ashland to Straight Creek Junction,
Kv., 22 miles. Chesapeake & Ohio has trackage over this road. Capital
stock, $1,494,500. Current liabilities June 30,189 ,$264,428. Year
ending June 30,1897, gross. $121,612; net. $51,584; in 1895-96. gross
$126,811; net, $59,585. Dividends in 1895-96 (5 p. 0.), $74,725; in
1896 7, 4 p. o.; in 1897-8, 4 p. c.
Astoria Sc C o lu m b ia R iver R R .—Astoria, Ore., to Goble and
Seaside, 80 miles;, branch, Warrento 1 to Fiavei, Ore., 2 miles; total,
1
82 miles. Stock, $2,000,000; par, $100. Iu 189 » made a mortgage to
secure $8,000,000 100-year bonds, issuable at $40,000 per mile. Con
tral Trust Co., Trustee. In August, 1893, suit was brought by con
tractors for $241,488, claimed to be due for materials and labor in
building the road. V. 67, p. 426. President, A. B. Hammond. Astoria,
Ore.; F. R. Strong, Portland, Ore. V. 66, p. 1000 ; V. 67, p. 426.
A tch iso n C olorado Sc Pacific R y .—Owns Watervtlle, Kan., to
Lenora, Kan., 193 miles; branches, to Washington, Alton and Warwick
Kan., 62 miles; total, 255 miles.
O rganization—Successor of A. C. & P. RR.. foreclosed May 23,
1898. Operated by Mo. Pacific in connection with Atch. J. C. & W. A
majority of bonds of both the old companies (A. C. & P. RR. and A. T.
C. & W. RR.) has been deposited, but in Oct., 1898, no plan of r e ­
organization had yet been announced. Chairman of reorganization
committee, T. Jefferson Coolidge; Secretary, T. K. Cummins, Jr., Room
7, Ames Building, Boston.—V. 64, p. 516, 663.
In year 1897, gross, $514,206; net, $94,795. In year 1896, gross.
$335,087; def. under operating, $21,373.—(V. 66, p. 952,1043.) V. 67,
p .577. Pres., T. Jefferson Coolidge, Jr.; Secretary,T. K.Cummins, Jr.
A tch iso n J e w e ll County Sc W estern R y .—Jamestown, Kan.,
to Burr Oak, Kan., 33 m. Successor of A. J. C. & W. RR., foreclosed
May 24,1898. See Atchison Colorado & Pac. V. 67, p. 577.
(T h e) A tch iso n T o p ek a Sc Santa Fe R a ilw a y .—(See Map)—
The system owned and operated July, 1898, comprised 6.946 miles
of railroad, and embraced an unbroken line of track from Chicago
111., via Kansas City, Mo., and Albuquerque, N. M., to California and
the Pacific Ocean, a distance of 2,347 miles; also to Galveston, Tex.
and the Gulf of Mexico, the mileage of leading divisions bei a g :
’
Chicago to Kansas City, Mo.. 458 La Junta to San Diego, Cal.. 1,318
Kan. City to La Junta, Col... 571 Newton, Kan., to Galveston. 750
La Junta, Col., to Den ver,Col. 180 Albuquerque,N.M.,toEiPaso 254
O rganization .—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. & Santa Fe RR.
Co. in accordance with a reorganization p la n , (V. 6 0 , p. 6 5 8 .)
The railway company holds the title to the railroad from Atchison
on the Missouri River to the western boundary of Kansas, 471 miles,
aud also all, or nearly all, the bonds and stock of the various companies
in which the title to the other lines is vested. A list of such holdings
is in the general mortgage (in V. 62, p. 732, 733, and successive an­
nual reports), the bonds now owned aggregating over $172,000,000
and the stocks over $140,000,000.
For operating and statistical purposes the system is divided as follows:
,564-73 Santa Fe Pacific. .......... 81*8^55
Atchison T. & S. F........... 41
Gulf Colo. & S. F ...............1,087-60 Southern C alifornia........ 488-02
Total of all (less 12-69 miles of join t trackage).......................6,946-21
In October, 1898, arranged to purohase control of the San Francisco
& San Joaquin Valley Ry., which line when fully completed in 18»9
will embrace 384 miles of road and will afford the Atchison an inde­
pendent connection of its own to San Francisco with only a short link
required by trackage or otherwise to connect the systems. See V, 6 ' ,
p. 817, and official circular V. 67, p. 841.
Stock .—The preferred stock has preference as to dividends and
assets, and entitles the holders to non-cumulative dividends after
June 30,1896, not exceeding 5 per cent per annum, as declared by the
board of directors out of net profits. No other mortgage ana n o
inorease in the preferred stock can be made without the consent of a




O ctober , 1898.1

RAILRO AD

STOCKS AND

13

BONDS,

Subscribers w i l l con fer a great fa v o r b y g iv in g im m e d ia te n otice o f a n y error discovered i n th ese T a b le s.
Bonds—Princf
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation o f column headings, etc., see notes of
Outstanding Cent. Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
$100
Atlanta dt Charlotte—Stock (see text).......................
269
1,000
Pref. M. (old 7s ext. in 1897), see V. 64, p. 286.0 26512 1877
1,000
1st M. [voting power, 10 votes for each bond] cur. r 26512 1877
500
1880
Income bonds (not cumulative).............................
1,000
Atlan. Knoxv. dt No. By.—1st M., $1,500,000, g Ce 230 1897
1,000
2d M., ino., $1,500,000 (trust. R.Est. Tr. Co.,N.Y.) 230 1896
100
Atlanta dt West Point—Stock........................................
86
1,000
Debenture certificates. .............................................
1881
1,000
Atlantic Oily—IstM ., $2,200,000, gold,___GP.xo*
83 1889
100
Atlantic Coast Line Co.—Stock, $30,000,000...........
Ctfs.of indebt. $6,000,000, int.if e’med,non-eum.r
1897 100 &c.
■Atlantic Coast ¡Line B it. o f So. Car.—Stock..
Cheraw & Darlington, 1st M., $400,000, g ..S B a
66 1888
1892
1,000
Florence RR., 1st mortgage.
1,000
65 1893
Manoh. & Augusta, 1st M., ($960,000 guar.),g.o”
500
102 1869
IJorth-Eastem (S. 0.), 1st mortgage.........M .c
500
33W mortgage........................................................... c 102 1869
li2d
1,000
S ? Consol, mortgage, gold..... ................................. o 102 1883
1895
Charleston & Northern, 1st mort., guar. p. & i ...
i.ò o o
Wilmington Columbia & Augusta, 1st mort....... o 192 1880
50 1896
1,000
Wilm. & Conway. 1st M., g.,gu.p.&i. by W.C &A.
1898
Atlantic Coast Line, new mortgage of 1898........
A tla n tic Coast L in e B it. o f V irg in ia —Stock..
59
100
Petersb’g, guar. pf. stock, 3 p. o. lien prior to M.
1,000
59 1881
3 6 9Mortgage bonds, class A, gold.............................
38
59 1881
1,000
Mortgage bonds, class B, gold.............................
23 1875 500 &o.
Riohm’a < Petersb., 1st mort. ($24,500 are 7s)..
&
1,000
27 1890
Consolidated mortgage for $1,000,000, gold.o*
1898
Atlantic Coast Line RR. of Va., new M. of 1898.
....
Atlan. dt Dan.—Pf.stk., $3,200,000,ton-cam., 5 p.o.
1,000
1st M., $1,500,000, gold, redeemable........ M e.x o 278 1895
100
Atlantic dt No. Carolina—Stock, $1,800,000........
1.000
. . . . 1887
1st M „ $325,000. .........................................M e B a
maiorit.v o f all the preferred stock and of all common stock repre­
sented at a meeting. The total authorized amount of preferred stock is
$131,486,000, of whioh $20,000,000 reserved. To acquire A. & P.,
Western Division, $9,200,000 of this $20,000,000 preferred stock was
issued in March, 1897, but $6,846,470 held under special trust, leaving
amount actually outstanding in Oct., 1898, $114,199,530. Pref. stock
certificates in Supplement of April, 1897, page 3.
B onds.—The new General Mortgage (A b s t r a c t Y. 62, p. 731-739) is
made to the Union Trust Co of New York as trustee, and gives a lien,
either by direot mortgage o f by collateral trust, on the entire system
o f 6,946 miles of railroad, together with all the equipment and ter­
minals owned by the company, and future acquisitions, subject
only to liens on certain equipment for about $1,000,000; to $1,500,000
o f Chioago & St Louis RR. Co. bonds (secured by lien on about 150
miles in Illinois), and to the remaining outstanding bonds of certain
controlled companies, amounting in the aggregate to about $693,210.
General Mortgage can never exceed $165,490,500, including $96,990.500 issued in reorganization and remainder reserved as follow s:
,------- Reserved.------- ,
■ 1895.
In
In 1898.
a To retire guarantee fund notes paid and car trusts at
not exceeding $1,250 for each $1,000 of old bonds__ $15,500,000 $3,366,000
b Non assenting bonds from reorganization of 18s9
($1,660,950, since reduced to $693,210)...................... 1,500,000 634,C O
O
c Chicago < St. Louis 1st mortgage 6s................... ........ 1,600,000 1,500,000
s
For improv’ts, terminals, second track, equtp't, etc.,
under carefully guarded restrictions at not exceeding
$3,000,000 yearly, of which not over $750,O for exten­
oO
sions ..........
.............................................................. 30,000,000 26,377,000
For acquisition of Atlantic & Pacific and other lines...... 20,000,000 9,289,000
The prior lien bonds were authorized merely as a precautionary
measure, and there is no reason to believe that any of them will
ever be issued. Of the $17,000,000 authorized, $12,000,000, it was
provided, should be issued only to replace a like amount of ex­
isting prior securities ..since reduced by payment of the guarantee
fund notes Nov. 1, 1898, to $1,000,000); and $5,000,000 are re­
served for improvements, and are to be used only in case general mort­
gage bonds (selling in 1898 at 86-94; cannot be sold for 80 per cent, and
in no event after year 1900.
The Adjustment Mortgage ( A b s t r a c t V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
for the fiscal year up to 4 per cent, and the rate is to be
determined on or before October 15 in each y e a r ; interest
is non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 gen­
eral 4s authorized for improvements as above have been issued (I. e.,
not before June 30,1905), $20,000,000 additional adjustment 4s may
be 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. In ­
terest—In Nov., 1897, paid 3 p. o.; in N ov.,’98, full 4 p. o. V. 67, p. 528.
G eneral F inances.—In March, 1897, the company purchased the
Atlantic & Pacific, Western Division, 566 miles (now the Santa Fe
Pacific RR., covered by the Atchison’s general mortgage), and acquired
the lease o f the Mojave Division, 240 miles (owned by Sou. Pacific) in
exchange for long leases of the Sonora Ry. and New Mexico & Ariz. RR.
The guarantee fund notes ($8,605,000) due Nov. l were retired by the
issue of $10,103,000 general mortgage bonds, thereby obviating the
necessity of issuing prior lien bonds. In July, 1898, $3,801,000 gen­
eral mortgage bonds were listed, having been sold to reimburse the
treasury for cash expenditures theretofore made. (Y. 67, p. 123, 221.)
On Jan. 1,1899, the $2,474,800 capital stock o f the San Francisco &
San Joaquin Valley Ry. (whioh see) will be purchased at par. The
new road embraces about 384 miles of railway, and will be fully com­
pleted in 1899 from the proceeds of its stock and $6,000,000 bonds
already sold. It will afford the Atchison system an independent con­
nection with San Francisco. At present the San Fr. & S. J. is completed
to Stockton and has connection with San Francisco by water. See V.
67, p. 817, 841.
L atest E arnings.—3 m os.,) 1898.. .Gross, $9,196,689; n et,$2,018,417
July 1 to Sept. 30.
5 1 8 9 7 ...Gross, 9,232,026; net, 2,451,218
Deducting taxes and rentals, balance for interest in 3 months of
1898 was $1,587,819, against $2,028,597.
^ Bfltt U
K
R eport .—Annual meeting second Thursday in December. Report
for year 1897-8 was given in V. 67, p. 576, 641; see also page 612.
Years ending June 30—
1898.
1897.
1896.
Miles o f road o p e r a te d ........
6,946
6,479
6,435
$39,214,101 $30,621,230 $28,999,597
Gross earnings....................
Operating expenses............... 28,506,336
22,867,189
22,071,275
Net earnings..................... $10,707,765
$7,754,041
$6,928,322
1896-97. 1897-98. I
1896-97.
1897-98.
Net earnings__ $7,764,041 $10,707,765 Taxes, etc............$1,947,837
182,028 IInterest............. 4,608,858
254,499
Other income
gU Ü
— ■»I—
5
°C
Q
..$1,452,445
Net income.... $8,008,540 $10,889,793 |Bai., surp..
Surplus for year to June 30,1897................. ..........
Total surplus June 30,1898..... ......................... ........................... - $3,942,649
Div -lit) on adjustment mortgage incomes (Nov. 1. 1898)..,.......
$8,053,^40
Balance, surplus for year over income interest... .............. ........... $1,888,809




$1,700,000
500,000
4,250,000
750,000
1,000,000
1,500,000
1,232,200
1,232,200
2,200,000
5,000,000
5,000,000
(1)
366,000
546,000
1,108,<00
820,000
322,000
694,000
800,000
1,600,000
200,000
(1)
(1)
323,500
894,000
800,000
340,500
300,000
(!)
3,099,200
1,238,000
1,797,200
325,000

6 in 1898 M. & S.
A. & O.
4
fe
7 c. J. < J.
6
A. & O.
5 g. J. & D.
5
6 in 1898 J. & J.
6
J. & J.
5 g. M. & N.
4 in 1898 M. & S.
5 cur. J. As D.

N.Y.Cent.Tr.Co.,54WaU Sept.6,’98, 3%
Jan. 1, 1907
do
do
Jan. 1, 1907
do
do
ADr. 1, 1900
do
do
N.Y., Man. Co., 40 Wall. Dec. 1, 1946
New York, if earned. Jan. 1, 1947
July 7, ’98,3%
Atlanta, Ga.
do
do
Co’s option.
Phila., Read. Ter. Bldg. May 1, 1919
Baltimore.
Sep.10,’9 8 ,2%
June, ’ 98, paid 2 ^ p. 0. Irredeemable.

5 g.
5 g•
5 g.
8
8
6 s4&5
6
4 g.
41*

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

&
&
&
&
&
&
&
&
&

O.
J.
J.
S.
8.
J.
S.
D.
J.

7 in 1897
5 g.
6 S6 &7
4*3 g.

J.
J.
A.
M.
A.

&
&
&
&
&

J.
Riohmond.
J. Richm’d and Petersb’g.
O.
do
do
N.
Riohmond, Office.
O. N. Y., Brown Bros.

Jan.3’98.31
a%
July 1, 1926
Oct. 1, 1926
May 1, 1915
Apr. 1, 1940

1 in 1898 Text.
Norfolk, Va.
5 g. J. & J N. Y.,Mer.Tr.,&London.
2 in 1897
6
J. & J. Balt. ,Nl.F’rm’rs’< P.Bk
fe

Sept. 1 ,9 8 .1 %
Jan. 1. 1950
J’ne30,’9 8 ,1%
July 1, 1 9 l

Ch’ston, People’s N.Bk.
Balt., Safe D'. & Tr. Co
do
do
Charleston, Office.
do
do
N. Y., Cuyler M. & Co.

Apr. 1, 1938
1942
Jan. 1, 1943
Sept. 1, 1899
Sept. 1, 1899
Jan. 1, 1933
Moh. 1, 1915
New York & Baltimore. June 10,1910
Balt., Safe D. & I r . Co. Jan. 1, 1946

Officers .—Aldaoe F. Walker, Chairman of the Board ; E. P. Ripley,
President; E. Wilder, Secretary and Treasurer.
Office .—59 Cedar Street, New York. (V. 66, p. 1139 ; V. 67, p. 123,
2 7 1 ,4 2 6 ,5 2 8 , 5 7 6 , 6 3 1 , 635, 6 4 1 , 688,150, 841.)
A t la n t ic Sc P a c if ic R R . —Western Division purohased b y
Atohison and Central Division by St. Louis & San Francisco in 1897*
A t la n t a Ac C h a r lo t t e A ir L in e R y . —('Nee Map Southern R ail­
way System.)—Owns Charlotte, N. O., to Atlanta. Ga., 269 miles.
Operated by Southern Railway (successor to Richmond < Danville)
fe
under contract dated March 26, 1881, with Riohmond & Danville,
which agreed to pay eaoh year the interest on debt and 5 per cent on
stock ; if gross earnings exceed $1,500,000, dividends to be 6 per cent;
and if they exceed $2,500,000, 7 per cent. The operating oontraot o f
1831 (made with Riohmond & Danville) was assigned to and aooepted
by the Southern Railway Co.
D ividends , ) 1881 to 1889. 1890.
1891 to Sept., 1898, inclusive.
Per cent— 5 5 yearly.
5^
6 yearly (M. & S.)
E arnings.—Jan. 1 to July 31 (7 months), gross, $970,738 in 1898,
$931,876 in 1897. Calendar year 1897 gross, $1,666,319; in 1896,
gross, $1,598,047. President, Charles S. Fairchild, New Y ork City.
—(V. 64, p. 232, 286.)
A t la n t a K n o x v i l l e Sc N o r t h e r n R y . —Road —
Owns from K n ox­
ville, Tenn., to Marietta, Ga., 205 miles ; and Murphy to Blue Ridge,
25 miles; trackage, Marietta, Ga., to Atlanta, Ga., 20 miles.
HiSTORr.—Took possession Nov. 1,1896. A reorganization per plan
in V. 62, p. 1040, or the Marietta & North Georgia, foreclosed Nov. 25,
1895. Capital stock, $3,000,000. First mortgage bonds for $500,000
in treasury June 30, 1897; bills payable, $47,969.
7 months,
$ 1898........................... Gross, $176,306; net, $36,826
Jan. 1 to July 3 1 .1 1897........................... Gross, 149,992; net, 31,625
In calendar year 1897, gross, $290,865; net, $73,651. In 1896.
gross, $281,688; net, $35,565.
*
Officers .—President, H. K. MoHarg, 40 Wall St., N. Y.; V. 65, p. 69.
A t la n t a Ac W e s t P o i n t R R . —Atlanta, Ga., to West Pt.. Ga., 86 m .
In Sept., 1898, voted to build a six-mile belt line around Atlanta.
Stock .—The Ga. RR., on Deo. 31,1897, owned $494,500 o f the stock
and $388,900 of the debenture certificates.
D ividends begun in 1855 were for many years 8 per oent per «unum
From July 1,1884, to July, 1898, inclusive, 6 per oent yearly, J&J.
E arnings.—2 months, 51898................ Gross, $92,498; net, $33,767
July 1 to Aug. 31. ¿1897.................Gross,
84,621; net, 28,624
In 1897-8, gross, $575,262; net, $227,497. In 1896-7, gross, $554,,
446; net, $219,830; other income, $13,019; interest, $73,932; taxes
$18,707; dividends, $73,932; “ sundry accounts,” $64,711; bai., surplus*
for year, $1,567. (V. 63, p. 1158; V. 64, p. 516; V. 65, p. 1172.)
A t la n t ic C ity R y . —Camden to Atlantic City, 57 m. (double track) :
branches, 25 m.; leases South Jersey RR., Winslow Junction, to Cape
May, N. J., etc., 66 miles; total, 148 miles. Stock , common, $1,200,000;
preferred, $1,000,00 (par, $50), of whioh $1,195,000 common and
$998,550 preferred owned by Reading Co. are in trust under its general
mortgage o f 1896. In April, 1898, leased the South Jersey RR. In
year 1896-7, gross, $782,168 ; net, $207,683 ; charges. $264,248 ; bal­
ance, deficit, $56,568. In 1895-96, gross, $889,752.—V. 66, p. 761.
A t la n t ic C o a s t L in e C o .—This company, organized May 29,
1889, under the laws of Connecticut,'owns a majority of the capital
stock and a large amount of the bonds in a system o f railroad com ­
panies denominated for convenience the Atlantic Coast Line System.
The system includes about 1,992 miles asfollo ws. Consolidation of th e
Virginia roads, proposed in 1898, was for some reason deferred.
Company—flSeethis Co. Miles.
Company—
M iles,
Riohm. Fredkb. & PotomaoU.. 86 Petersburg IT
.............................. 61
Wilmington & Weldon IF
........... 609 Riohmond & Petersburg 1f....... 28
Atlantic Coast Line Co. of
Other lin e s ............................... 50
8. C .f..............
666
Central South Carolina if.......... 40
F See this company.
T
Chas. & Western Carolina___*342
* Purchased in Deo., 1897—
Norfolk & Carolina .................110 66, p. 38.
Stock —In May, 1897, $6,000,000 of certificates of indebtedness,
entitled to 5 per cent interest if earned, were created, of whioh $5 000 000 were issued to reduce capital stock from $10,000,000 to $5 000*000. As to the rights of these certificates, see wording in editorial
October. 1897, Supplement , page 3.—V. 65, p. 564. On Dec. 1 1897*
paid 2*2 p. 0. dividend on certificates; checks are mailed.
’
*
D ividends -18 9 5 , H a p .o.; 1896,3; 1897, 3<a; 1898,4.
G uaranty .—Guaranties $960,000 Manchester & Augusta firsts, p.<fe i.
Securities Owned .—May 28, 1897, stocks $7,403,032, bonds
$2,206,000; other bonds, $518,441. (See list V. 65, p. 564!)
E arnings .—For year 1896, gross earnings $562,647; net, $550.287.
In 1895, gross, $417,408; net, $405,631.—V. 66, p. 38, 335.472.
A tla n tic Coast L in e R R . o f S ou th C a ro lin a .—Owns from
Florence to Charleston and Columbia, S. C., with branches, in all, 660
miles. In August, 1898, oontraot repQrted let for extension from Den­
mark, S. O., to Martin’s, on Charleston & West. Car., about s>0 miles

14

INVESTORS’

SUPPLEMENT,

[V ol . LXVir

Subscribers w ill con fer a great fa v or by g iv in g Im m ed iate n otice o f a n y error discovered in tbese T a b les.
Bonds—Prlnci
\ .
_________RAILROADS._________________
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Due.
Par
For explanation o f column headings, &c., see notes
of
of
Stocks—Last
Whom.
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
Atlantic < St. Lawrence—Stock, rental Grand Tr’k 150
6
Atlan.S. Riv.d G.—1st M.g.,s.f.,$8,000p.m.,red. 105
Atlantic Valdosta < W.—1st M., g., red. a tl0 5 .C e.o
6
Augusta <t Savannah—Stock 5% rental Central G a..
53
85
Augusta So.—1st consol. M.,go.,gu.,p.&i. end.Ce.xo
Austin d Northwestern—1st mort.g.,gu.p &i.Ac*<fer 103
Avon Geneseo < Mt. Morris RR.—Stock (see text)...
&
Bald Eagle Valley—Stock, $2,000,000.......................
90
1st M. orig. $400,000 (s. f., drawn at 100).. .F P x r
Baltimore < Annap.S.L.-Stock, common......... ........
&
” 28
1st mort. (4 p. c. after Jan. 1,1897) gold___S B a
89
Baltimore Ohesa/peake < Atlan.—1st mort., gold Ac*
£
B a ltim o re & Ohio—Stock........ ...............................
1st and 2d pref. stock, cum., $3,000,000 is 1st pref
Receivers’ certs.(V. 62, p. 1039) g., red. June 1,’97
Do
(V. 63, p. 97) red. after June 1. ’97 . . . .
Do
$680,000, red. after July, 1 8 9 8 ---Do
On P. < C., red. 1 year from date—
fc
Do oar trusts B.& O. Equip. Co. M.,g.,gu.p.&i.o*
Do lease warrants B. & O. Equip. Co. (5 issues).
Do. certificates, secured on oar floats ($56,000)
Equip, lease war. Ak. & Chgo. Jo. (V. 64, p. 328)..
Loan due in 1880. extended, payable at w ill........ 380
380
Loan, 1853, extended in 1885, gold.....................
Mortgage 1872, sink, fund £12,000 semi-annually 422
Mortgage 1874, sink, fund £9,000 semi-annually. 422
Bona to City Baltimore (payable $40,000 yearly). 380
<ConsolidatedM (for $29,600,000) g.. M e B a - .c ^ r 521
Loan, 1877 (s. f. dr*n at 100) (B.& O. cfeCh.bds.ool’l) o 263
N. W. Virginia RR. 1st M. (ext. in 1888) assum.o> 104 ^
B. & O.loan 1879 (Parkersb’g Br. eollat., cur.).. 5
108
. Mort. on Phila.Br., Balt. & Phila. bds.as col......xc
12
Wash C.&P.L.(Alex.Br.) lstM .g.s.f.$36.000p.an.

£&$100 $5,484,000
6
1,000
5 gU)
1,000
468,000
5 g$100
1,022,900
5
1,000
1894
n400,000
5 g1,000
1891
1,920,000
5 g.
100
225,000 21 to 31
«
«
50
1.535.000
10
1,000
1880
328.000
6 our.
100
358.000
1894
n600,000
-fg .
1,000
1894
1.250.000
5 g.
100 25,000,000
100
5,000,000
1896 l , 000&c 5,000,000
6 g.
1,000
1896
932.000
5
1897
680.000
1,000
1897
650,000
i g1,000
1896
3,400,000
1897
2,345,550
§*
1897
17,000
5
1897
6
462,600
1853 500 &o.
359,000
4
1853 500 &o.
1,660,500
4 g.
£100
1872
9,301,512
6 g.
1874
£200
9,634,504
6 g.
1875
200,000
6
1,000 11,988,000
1887
5 g.
£200
1877
6,690,048
5 g1855 $1,000
132,000
6
1,000
3879
3,000,000
6 cur.
£200 11,616.000
1883
4 4« g.
1873
1,000
540.000
6 sr.
1895
1897

Chartered in 1897 under Special A ct of South Carolina Legis­
lature as a consolidation of the following railroads in South Carolina
controlled by the Atlantic Coast Line Co., viz., Wilmington Columbia
& Augusta RR., Northeastern RR. of South Carolina, Cheraw & Darl­
ington RR., Manchester & Augusta RR., Florence RR.—V. 64, p. 663,
887.—The stockholders of all the above-named companies voted to
consolidate during the third week of July, 1898, and the new com­
pany took possession August 1. V. 67, p. 179, 273. The consolidated
company will own and operate about 660 miles of road and will issue
a 4i« per cent mortgage and preferred and common stock. The com­
bined earnings o f the roads consolidated were : For year ending June
30,1897, gross, $1,754,802; net, $517,893. In 1895-e, gross, $1,656,048; net, $475,475. President, C. S. Gadsden, Charleston, S. C.—V.
67, p. 31, 179, 273.
A tla n tic Coast Line R R . o f V ir g in ia .—To own Richmond to
Petersburg and Garysburg, N. C., with branch, 5 miles, total, 87 miles;
also to lease Garysburg to Weldon (Seaboard & Roanoke) 2 miles.
Chartered in March, 1898, under special A ct of Virginia Legislature as
a consolidation of the Petersburg RR. and the Richmond & Petersburg
RR. The stockholders of both companies will vote on the proposition
on Nov. 21,1898.—V. 66, p. 472,1190; V. 67, p. 178, 843.
‘A tla n tic & D a n v ille R y .—Completed Feb., 1890, West Norfolk,
to Danville, Va., 205 miles, three branches, 22 miles, and James River
Junction to Claremont (3 feet gauge) 51 miles; total, 278 miles.
H istory .—Successor to Railroad. Foreclosed April 3 , 1894f bond­
holders paying an assessment of 25 p. o. and receiving 25 p. c. m new
bonds therefor. See plan V. 58, p. 815.
Stock .—Common, $2,500,000; non-cum. 5 per cent pref. $3,200,000.
Issued to June 30,1897, common, $2,179,800; preferred, $3,099,200.
D ividends .—On preferred first dividend 1 p. c. paid Sept. 1,1897; in
1898, Sept. 1,1 p. o.
B onds.—The bonds are subject to call at par on 6 months’ notice.
See application for listing on N.Y. Stock Exchange in V. 62, p. 1141.
L atest E arnings.—1 month, >1898.......Gross, $43,500; net, $9,000
July 1 to July 31, ,
J 1897.. ...G ross, 44,425; net, 12,151
A nnual R eport .—In 1897-98 gross, $561,191; net, $156,363; report
fo i 1896-97 was in V. 66, p. 79, showing, gross, $543,770; net, $138,
912; interest charges, $61,900; balance to improvement account, $77,012.—V. 66, p. 79.
■A tla n tic A N orth C arolin a R R . —Morehead City to Goldsboro,
N. C., 95 m. State of No. Car. owns $1,266,500 of the $1,797,200 stock.
D ividends .— ) 1892. 1893. 1894. 1895. 1896. 1897. 1898.
Per cent. >
2
2
2
0
2
2
Oct., 1
E arnings —For year ending June 30,1898, gross, $174,508; net,
$80,&17; charges, $33,694; dividends, $35,907; balance, surplus, for
year, $10,716. In 1895-6, gross, $140,657; net, $58,170.—V. 61, p. 470.
A tla n tic V a ld o sta &, W e ste rn R y .—Opened for operation in
April, 1898, from Haylow, Ga., to Crawford, Fla., 71 miles. Road runs
through a timber section, and when completed will make a short route
from Valdosta (on Ga. So. & Fla. Ry.) to Jacksonville, Fla.—100 miles.
Capital stock, $1,000,000. Mortgage is for $2,500,000. G. 8. Baxter
& Co.. 18 Wall St.. N. Y., are building the line. V. 66, p. 183, 758.
A u g u sta & S avan n ah R R .—Millen to Augusta, Ga., 53 miles.
In 1895, re-leased to the Central of Georgia at 5 p. c. on stock.
E arnings.—For year ending June 30, 1896, gross, $190,668; net’
$68,618. In 1894-95, gross, $160,687; net, 42,202.—(V.61, p. 239.)
A u g u sta Sou th ern R R .—Owns from Augusta to Sandersville,
Ga., 80 m. (standard gauge), and Sandersville & Tennille RR., 4 miles.)
Leased in March, 1897, in perpetuity to the South Carolina & Georgia,
which guarantees the bonds, principal and interest, by endorsement.
(V. 64, p. 468.) On Sept. 16,1898, James U. Jackson, Pres’t o f Aug.
So., and J. H. Sands, Gen. Manager of S. C. & G „ were appointed co-re­
ceivers pending a decision in the suit to annul the lease.—V. 67 p. 528.
Common stock, $400,000; preferred, $350,000; par, $100. There were,
Oct., 1896, car trusts, $32,000. For year 1896-97, gross, $84,580; net.
$28,967. -(V . 64, p. 468; V. 67, p. 318, 528.)
A u stin & N orth w estern R R .—Owns from Austin to Llano,
Texas, 99 m.; branch, Fairland to Marble Falls, etc., 8 miles. Stock,
$1,016,000; par.$100, o f which the Southern Paoitto Company own,
$1,008,000. The land grant was 600,000 aores. The 5 per cents ars
for $20,000 per mile; p. and i. guaranteed by Southern Pacific Co.
E arnings.—For year ending June 30, 1898, gross, $154,592; net,
$ lo ,3 5 3 ; other income, $4,119; interest, taxes, etc., $114,905; bal­
ance, deficit, $95,433. In 1896-7 gross, $234,920; net, $82,340.
A v o n Geneseo & Wit. M o rris R R .—Mt. Morris to Avon, N. Y.»
18 miles. Leased to Erie RR. Feb. 26,1896, in perpetuity at 2*2 p. c.
on stock for 4 years from Jan. 1,1896, 3 p. o. for 1 year more and 3L>
p. o. thereafter.—(See V. 63, p. 512 ; V. 62, p. 318, 589.)
R a id R agle V a lle y R R . —Owns from Vail Station, Pa., to Look
haven, Pa., 51 m iles; branches to Sugar Camp, etc., 39 miiAa
Leased to Penn. RR. Co. for 99 years from Deo. 7, 1864. Rental, 40
per cent o f gross earnings. Rental 1897, $179,144; other inoome,
$6,284; int., taxes, eto., $40,835; dividends (10 p, o.), $140,625; bal.,
sur. for year, $3,968. Rental in 1896, $175,617, Pennsylvania RR
J,an. 1,1898, owned $706,250 stook.—V. 66, p. 708.




M. & S. London and Portland.
J. & J .13
M. & 8. N. Y., Central Trust Co.
Savannah, Ga.
J. & J.
J. & D. N .Y ., 15 Broad St.
J. & J. N. Y., Cent. Trust Co.
J. & J. New York, Erie RR.
F. & A.
F. & A. Phila.,F.Ins.Tr.&S.Dep.
J. & J.
M. & 8. NewYork,29William St.
J. & J. Jan., ’96, div. last paid.
J. < D. N. Y., Merc. Trust Co.
fc
J. & *. Balt., Maryland Tr. Co.
J. & J.
J. & J. Balt., Trust & Guar.
J. < J N. Y., Merc. Tr. & Bost.
*
Various
J.
A.
M.
M.
J.
F.
J.
J.
A.
A.
J.

&
&
&
&
&
&
&
&
&
&
&

J. Balt. Of., Central Bldg.
do
do
O.
8. London, Baring Bros.
N. Nov., ’ 97, coup, last pd.
Baltimore, Office.
J.
A. N. Y., Union Trust Co.
D. June, ’97, pd. Oct. 1, ’97
J. Baltimore, B. & O. RR.
O. Oct., ’ 97, coup, last pd.
O. Apr. ,’97, coup, last pd.
D. Dec., ’95, coup, last pd.

Sept.,1898,3%
Jan. 15, 1945
Mar. 1, 1938
J’ly 5 ,’98,2i«%
Deo. 1, 1924
July 1, 1941
July l , ’98,2ifl
Aug. 1, ’98, 5%
Jan. 1, 1910
July 1, ’98,3%
July 1, 1944
Sept. 1, 1934
Nov. 15,1894
Jan. 2, ’96, 3%
June 1, 1899
Deo. 1, 1899
1900
Jan. 1, 1900
July 1, ’98-99
Part annually
1900
$11,565 qua’ly
At will.
Oct. 1, 1935
Moh. 1, 1902
May, 1910
July, ’ 98-1900
Feb. 1, 1988
June 1, 1927
Moh. 1, 1902
Apr. 1, 1919
Apr. 1, 1938
June 1, 1913

B a ltim o re A A n n a p o lis Short L in e R R .—Owns road from
Cliffords to Annapolis, Md., 23 miles. In 1897 acquired control of
Annanolis Washington & Baltimore RR. Co. Common stock issued,
$358,000; there is also $500,000 of preferred stock authorized. The
stockholders on Nov. 3,1898, are to consider the question of issuing
bonds to pay off the floating debt. V. 67, p. 842 Dividends—In 1898,
Jan., 3 per cent; July, 3 p. ct For year ending June 30,1897, gross
earnings, $72,575; net, $13,768. In 1895-96, gross, $86,456.—V. 67,
p. 842.
B altim o re Chesapeake A A tla n tic R y .—Owns Claiborne to
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Clai­
borne to Baltimore, 42 miles, transfer is made by water.
H istory .—A reorganization in 1894 of the Balt. & Eastern Shore,
sold Aug. 29,1894 (V. 59, p. 371), the Maryland Steamboat Co., Eastern
Shore S. B. Co. and Choptank S. B. Co. Fifteen boats are owned.
Stocks .—Pref., $1,500,000 5 p. c. cumulative; common, $1,000,000
A nnual R eport .—Report for year ending August 31, 1897, was
given in V. 66, p. 284, showing gross, $489,005; net, $83,800;
charges, $62,500; bal., surp., $21,300. In 1895-96 gross, $497,707; net,
$88,509. President (April, 1898), JohnS. Wilson.—(V. 66, p. ¿ 8 4 ,3 3 4 .)
B altim o re A L eh igh R y .—Narrow Gauge.—Baltimore to Cardifl»
Md.,43 m. Stock, $850,000; par, $100; issued, $843,500; mort., $85,000E arnings—Y ear ending June 30,1898, gross, $131,857; net $35,271; charges, $11,329: surplus for year, $23,942.—V. 63, p. 227.
B a ltim o re & Ohio R R .—(See Map).—R oad .—Operates from Balti •
more to Philadelphia and Baltimore to Chicago, and has, via the Balti­
more & Ohio S. W., a direct route to Cincinnati and St. Louis, the total
mileage leased, owned and operated ("excluding the Balt. & Ohio South,
western) being in July, 1897, 2,046 miles, of which 774 miles are
west and 1,272 miles east of the Ohio River. The “ Blue Line” (see
Central RR. of N. J.) enables it to reach New York, near which, on
Staten Island, it has freight terminals. See S. I. Rapid Transit.
Also operates the Valley RR. of Virginia, 62 miles, controls Cleve­
land Terminal & Valley Ry. and is interested in the West Va. & Pitts­
burg (see that co.). Baltimore Belt line (tunnel line in Baltimore) was
opened May 1,1895. (V. 60, p. 258,794.)
H istory , L eases, &c. ~ Chartered in Maryland Feb. 28,1827, and in
Virginia March 8,1827. First section opened May 24,1830. The Tele­
graph Co’s, stock was sold to Western Union for $5,000,000 Western
Union stock at par and a rental of $60,000 per year for fifty years. In
June, 189«, $3,800,000 Western Union stook still owned was sold. V.
66, p. 1239. Use terminals of Chicago Terminal Transportation Ry. in
Chicago.
R eceivership .—Feb. 29, 1896, President, John K. Cowen and VicePresident Oscar G. Murray were made receivers.—(V. 62, p. 455.)
N ew P arties I nterested .—In September, 1898, Philip D Armour,
Norman Ream, the executor of tne Pullman estate; Marshall Field,
James J. Hill, the President of tae Great Northern Ry., and others,
acquired a heavy interest in the property. See V. 67, p. 577, 632.
R eorganization P lan, The plan of reorganization, issued in June,
1898, was published at much length in the Chronicle of June 25 (see
V. 6 6 , p, 1 2 3 5 . The reorganization managers are Speyer Brothers of
London, and Speyer & Co. and Kuhn, Loeb & Co. of this city, acting in
conjunction with an advisory committee composed of Louis Fitzgerald,
E. R. Bacon, Henry Budge and William A. Read of the reorganization
committee, with Alvin W. Kreoh [120 Broadway] as Secretary and
William C. Gulliver as Counsel. The depositories are the Mercantile
Trust Co. in this city and the London < Westminster Bank, limited, in
fe
London. In September, 1898, over 971 per cent of the bonds and over
«
951 per cent of the stocks (excepting the B. & O. preferred shares
«
and Akron & Chicago Junction preferred shares) had been deposited.
Preferred stock injunction to prevent foreclosure dissolved in Oet.,’98.
Securities deposited after Sept. 15, 1898, must pay penalty if ac­
cepted at all. V. 67, p. 481. Final instalment of assessments (25 per
cent) payable Oct. 10, 1898. V. 67, p. 690.
This plan provides for the immediate retirement of all direct obliga­
tions. Various leased lines were left for subsequent treatment, and
these were covered by the plan given on page 6 8 8 of the Chronicle
for Oct. 1,1898, and are embraced below. The two plans provide that
the reorganized company shall create;
(1) Prior Lien 34«% Gold Bonds Due 1925, to bear interest from
July 1, 1898, a first lien on the main line and branches, Parkers­
burg branch and Pittsburg division, in all about 1,017 miles o f first
track, and about 964 miles of second, third and fourth tracks and sid­
ings, and also all the equipment now owned of the value of upwards of
$20,000,000, or hereafter acquired.
Total au horized issue in no case to exceed..........................$75,000,000
Of which to be issued only after Jan. 1,1902, at not ex­
ceeding $ 1,000,000 a year, for the enlargment, better­
ment or extension of the properties covered.
.......
j , 000,000
Present issue limited t o ............. ....................................... 7 0 ,0 0 0 ,0 0 0
Of which toward retirement of existing b o n d s ...........
60,073,090
For purchase by reorganization sy n d ica te.....................
9,000,000
For contingencies (any surplus to new company) ..........
926,910

BONDS
AN D
STOCKS
KAILROAD
1898.J
O ctober ,




16

INVESTORS’

SUPPLEMENT.

|_V0L, LXVII.

Subscribers w i l l con fer a great fa v o r by g iv in g im m ed ia te notice o f an y error discovered in these T a b les.
Bonds—
Prinoi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,When Due*
Par Outstanding Rate
of
When Where Payable, and by Stocks—Last
For explanation o f column headings, &c., see notes of
Road. Bonds Value.
Whom.
on first page of tables.
Per oent. Payable
Dividend.
Baltimore A Ohio—( Concluded) —
Pittsb. & Connellsville 1st m ort.,7s..................... 147 1868
do Extended in 1896 in gold. Y. 62, p. 1178. . . . . 1868
Consol. M.. g.,p.& i. guar. (s. f. *7,200 per yr.). 147 1876
B.&O. l*n,’85,g. (Pitts. & Conn.bds.as col.)lJnc*&r 147 1885
. . . . 1894
1st Terminal mortgage, gold (see text)..........o*
Equip, trust, Series A, (See V. 66, p. 1236)....... . . . . 1889
Do. do. Ser.B.,$200,000 due y’rly Nov. l.o* . . . . 1890
Car trust (extended in 1897 for 3 years) M e . H a . . . . . 1887
B.& O. Eq. Co. car trusts. (See also V. 63, p. 152)
11 1886
Sohuyl. R. East Side RR. 1st M., g. (guar.)...........
5*3 1889
Balt. & N. Y. RR., 1st M., gold, guar...............c&r
73 1890
Akron & Chic. June. 1st m., gold, int. g u ........ C"
NEW SECURITIES TO BE OUTSTANDING UNDER
Stock..........................................................................
Preferred stock, 4 per cent, non-cum..................
Prior lien mortgage, gold, not subject to call.... 1,017 1898
570 1898
1st mortgage, gold, red. at 105 after 192.3........
B. & O., Pittsburg Junction & Middle Division.. 385 1898
7 1890
Balt. Belt., 1st M., gold, rental g u a r...M eB a .c*
5 1869
B a ltim ore & Ohio ¡Southiv.—Uin. & Balt., 1st M
B. & O. S.W. EE., 1stM., gold (guar. p. &i., end.).o' 281 1889
Ohio & Miss., 1st cons., ext. in gold in ’9 7 .U n .c J 393 1868
2d consol, mort. (sink, fund), no draw ing....o’1 393 1871
Spring.Div. (8p. & HI. S. E.) 1st M. ($3,000,000) c' 222 1874
. . . . 1883
First general mortgage......................................o'
Equip. Trust, 3 series, drawn yearly at 100.. .o' . . . . ’ 87-’91
B. & O. S. W. My., 1st con. M., g., gu. (end.).o*&r 909 1893
Income mort., A & B (A, $8,750,000)............c&r* 909 1893
B. & O. S. W. Term. Co. 1st M. gold, guar., p&i.o' . . . . 1892
Marietta Ry. 1st M., g., $175,000, gu., p. &1. end, . . . . 1896
....
1897
Syndicate collateral trust temporary loan...........
Note .—I n addition there are held under co n. 4*2 % M. o

$ 1,000
1,000
*200
$ 1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l , 000&c
1,000
1,000
1,000
f a $14

(2) First Mortgage 4 per cent Gold Bonds, Due July 11048 , but subject
to call, in whole or in part, after July 1, 1923, at 105. These bonds
w ill bear interest from July 1,1898, and be secured by a first lien on
the Philadelphia, Chicago and Akron divisions and branches and the
Fairinount Morgantow n & Pittsburg RR., covering about 570 miles of
first track and about 332 miles of second, third and fourth tracks and
sidings: also on the B. & O. Terminal property and the Baltimore Belt
RR. if and when the same shall be acquired by the new company. They
will also be a lien subject to the prior lien mortgage upon the property
covered by the latter.
Total authorized issue in no case to exceed......................... $165,000,000
Of which to retire prior lien bonds in 1925.....................
73,000,000
For the enlargement, betterment or extension of the
properties covered by the two new mortgages, or for
extensions, additions or equipment, at not exceeding
$1,500,000 a year for the first four years and at not
27,000,000
exceeding $1,000,000 a year th ereafter.......................
Reserve for new company............................................. : . . .
7 ,000,000
To retire Balt. Belt Line 5s, 1st mortgage.......................
6,000,000
Present issue limited t o ......................................................5 0 )0 0 0 )0 0 0
Of which toward retirement of existing bonds...............
3^,384,535
For purchase by reorganization syndicate......................
12 ,430,000
1 ,163,463
For contingencies (any surplus to new com pany)..........
(3) B. A O. Pittsburg Junction A Middle Division 3 ^ per cent gold
bonds to be due 1925 and to bear interest from Nov 1,1898. Ex­
pected to be ultimately a first lien upon the railroads of the Central
Ohio system and Pittsburg Junction RR. Co., 385 miles in all—
Total authorized issue in no case to exceed....................... $20,000,000
Of whioh to be issued only at the rate of not exceeding
$1,000,000 per year for the first two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the first m ortga ge..............
3 ,000,000
Present issue limited to ....................................................... 1 5 )0 0 0 )0 0 0
Of which in partial exchange lor existing bonds............
10,369,000
To be sold to a syndicate for cash requirements.............
4,000,000
Balance for contingencies....................................... .......... .
431,000
(4) Four per cent non cumulative Preferred Stock, origin­
ally proposed $40,000,000, but to be increased for ac­
quisition of Cent. Ohio, etc., t o . . . ...................................... $46,000,000
Of which to be held as reserve for new company...........
3 ,000,000
Present issue to b e ..............................................
4 1 )0 0 0 ) 0 0 0
Of whioh for reorganization purposes (see table below ).
17 ,218,700
do
do
for acquisition of Central Ohio, etc..........
3 ,888,850
For purohaseby syndicate to pro vide cash requirements
16 ,430,000
For reorganization...............................................................
1 ,442,450
(5) Common Stook..... ...................................
3 5 )0 0 0 ,0 0 0
V oting T rust.—B oth classes of stook of the new company will be
vested in the following five voting trustees for the period of five years:
William Salomon, Abraham Wolff, J. Kennedy rod, Louis Fitzgerald
and Charles H. Coster. The voting trustees, however, in their dis­
cretion, may deliver the stook at an earlier date.
TERMS OR EXCHANGE—(1) MAIN LINE PLAN.—V. 66, p. 1235.
Existing B onds and Stock por each
$1,000 or £200 op Principal .
(4.8 to treatment of coupons see foot note a.)

Receives—
Pref-. Com.
stock. stock.

$10 00 $1,025 $125 $140
B.&O. loan of 1853, extended................... .
Consol, mortgage 5s of 1837, $11.988,000..... b 20 83 1.050 125
85
1« 47 1,020 120
40
£ loan of 1872, £1,921,800................. , .........
9 73 1,020 120 160
£ loan of 1874. £1,990,600.............................
15 00 1.050 125
•Parkersburg Branch 6s. $3,000,000..............
20 00 1.025
12
40
Pittsb. & Connellsv. 1st exten. 4s, $2,581,000..
35 00 1,000 125
1st 7s, not extension, $1,419,000.................«
Baltimore & Ohio 6s, loan of 1885, $10,000.000 *0 83 1,000 125 100
29 20 1.025 120 200
Plttsb’g & Connellsv. consol. 6s, £1,302,000....
4 06 100 1,070 100
Chicago Division 5s, £1,382,200................ .
10 95
1,000
265
Philadelphia Division 4J^s, £2,400,000..... .
3 75
1,000
B. & 0.4)6s, terminal bonds of ’94, $8,500,000.
1,000
8 33
60
Akron & Chicago Junction 5s, $1,500,000.......
250 $ 1,000
Preferred stook, $600,OOo............................
Baltimore Belt 5s, $6,000,oO .. . ... . .. . . . . ...... See “c’
O
1,000
Wash. City & Point Lookout 6s, $328,000.......
Old Baltimore & Ohio stock if paying assess
ment (per $100 share deposited)—
525 750
1st pref., $3,000,000, assessment $2.............
200 1,500
2d pref., 2,000,000, assessment $20............
2 0 1,009
Common.25,000,000, assessment $20- ....... .................................................... _
a The cash shown in above table represents interest at rate provided in old
bonds from date of last matured coupon next preceding July 1,1898, up to the
date when the new bonds begin to bear interest, July 1,189 •. All previously
<
matured and unpaid interest (eveepting unpaid coupons of Washington City &
Point Lookout RR.), will be paid in cash after the plan is declared operative,
with Interest at 6 per cent per annum to the date of final payment. The Jast
coupon paid on each loan appears In table at top of page.
b The syndicate will also purchase for cash all B. & O. consol. 5s of 1887 de­
posited whose holders within sixty days from June 22,1898, signified their pref­
erence for cash, at the price of lit) and interest.
c The Baltimore Belt Line Railroad will be leased at a rental equivalent to
Interest at 4 per cent on the existing Belt Line 6 per cent bonds, which Is to be
in full payment of said interest; but the new company shall have an option to
urchase all the said Belt Line 5 per cent bonds at par and accrued Interest




$1,419,000
2,581,000
6,648,224
10,000,000
8,500,000
400,000
1,000,000
n250,000
237,197
4,500,000
350,000
1,500,000

7
4
6
5
4*3
5
5
5

J. &
J. &
J. &
F. &
J. &
A. &
M. &
g. J. &
g.
gg.
g.

J,
J.
J.
A,
D,
O.
N.
J.

Jan.,’98, coup, purch’d.
N. Y., Vermilye & Co.
Jhn., ’97, coup, last pd.
Feb., 1897, last paid.
June, ’97, paid Oct.,’97.
Phila., Fin’ce Co. of Pa.
Phila., Fin’ce Co. of Pa.
Baltimore.

July 1, 1898
July 1, 1946
Jan. 1, 1926
Feb. 1, 1925
June 1, 1934
Apr. 1, 1899
N v .l,’ 98-1900
1900

Dec. 1, 1935
5 g- J. & D. Phila., Solicitors’ Co.
5 g. M. & N. N.Y., J.P, Morgan & Co. May 1, 1939
5 g. M. & N. Nov., ’97, coup.puroh’d Nov. 1, 1930

35,000,000
41,000,000
àîô i?.
70,000.000
50,000,000
15,000,000
3*2 g.
6,000,000
4 (5) g.
333,000
7
10,667,000
4*2 g.
a6,385,000
4 g.
b2,952,000
7
c l , 993,000
7
<1319,000
5
101,000
6
10,355,000
4*2 g.
18,750,000
5
1,200,000
5 g.
127,000
4 g.
675,000
5,000, of b $ 261,000,

J, & J,
J.
J.
M. & N.
M. & N.
J. & J.
J. & J.
J. & J.
A. & O.
M. & N.
J. & D.
Various
J. & J.
See text
M. & N.
M, & N.

N. Y., Farmers’ L. & Tr.
do
do
do
do
do
do
do
do
do
do
N.Y.BaringMagoun&Co
N.Y., Farmers’ L. & Tr.
See text.
N. Y., Farmers’ L. & Tr.
do
do

1925
.Tilly 1, 1948
Nov. l| 1925
Nov. 1, 1990
Jan. 1, 1900
Jan. 1, 1990
Jan. 1, 1947
Apr. 1, 1911
Nov. 1, 1905
June 1, 1932
10 p. o. yearly.
July 1, 1993
July 1, 2043
May 1, 1942
Nov. 1, 1996

o f c $ Ì 6, 000, Of A $3,687,000.

any time within 5 years on 60 days’ notice. If not so purchased the company
will assume the ultimate payment, when due, of the principal of such bonds.
(2) LEASED LINE (CENTRAL OHIO) PLAN.—V. 67, p. 688.
Bach ?1.000 Bond, $100 of 3)6* Pref. I Each $1,000 Bond, $100 of 3)6* Pref
stock to receive:
1025 stock. I
stocs. to receive:
1925 stock
\Newark Som. & Straits 5s. 600
600
Central Ohio 4)6s........... .$1,170
$100 j Pitts. June. 1st ös............ 1.300
Com. and pref. stock....
San. Man. & New. 7s....... 1,140
1 Second 5s...................... 1,100
Ï0Ô
100
60
Col. & Cin. Mid. 4)6s........ 700
200 1 Common stock.........
i
75
Pref. stock...................
30 1Pitts. Juno. Ter. Co. 5s.... 1,080
i
Coupons.—
San. M. & New. overdue coupons will oe paid in cash, but no others.
POSITION OP NEW COMPANY (INCLUDING CENTRAL OHIO SYSTEM, ETC.
Estimated net income on basis of year end. June 30,1893. $3,296,433
Deduct interest on $70,000,000 prior lien 3*3 per cents.......$2,450,000
$15,000,000 Pittsburg June. & Middle Divis. 3*3 per cents.
525,000
$50,000,000 first mortgage 4 per cents.................................... 2,000 000
Estimated rentals, including Belt Line....................................
500,000
Taxes (if foreclosure is necessary the taxes may increase).
544,794
Terminals...........................................................
202,000
Ground rents and mortgage interest........................................
75,000
Total charges of new company................
$6,296,794
Balance surplus [equal to 4 7sP. o. on preferred s to o k ]....., $1,999,639
“ The fixed charges will thus be well within the past net income o f
the property -even that of the last fiscal year of extreme depression.
The new oompany will be relieved from floating debt and the embarrasment of car and wheelage trust payments, and will start with
substantial working oapltal and with power to provide facilities fo r
the increase of business.”
E arnings.—2 mos., >1898........Gross, $4,807,458; net, $1,102,663
July 1 to Aug, 31. > 1897........ Gross, 4,617,322; net, 1,271,939
Annual R eport .—Fiscal year ends June 30. Report for 1896-7,
was given in full in V. 65, p. 973,978. See also V. 67, p. 318 and 688.
Year ending June 30—
1898.
1897.
1896.
Gross earnings .......................... $27,659,753 $25,582,123 $23,944,782
Net earnings........................ $7,383,663
$5,570,029
$6,361,362
Addino. from other sources...
...........
1,040,716
1,068,924
Total net income..................
Less net earn. Wash’n Branch.
Fixed charges............................
Divid’s on 1st and 2d pf. stook.
Payments to retire bonds..........

$6,610,745
16,755
7,771,111
139,131

$7,430,286
99,926
7,202,854
150,000
694,835

Leaving a balance of...........
............d f.$ l,316,251 df.$717,329
O fficers —President, John K. Oowen: Secretary, O. W. Woolford ;
Treas., W. H. Jjams.—V. 67, p. 369, 426, 481, 577, 632, 688, 737, 788.
B a lt im o r e &. O h io S o u t h w e s t e r n R y .—( SeeMap o f Balt. A Ohio).
Road Owned—
Miles.
Rood Owned—
Miles.
Cincinnati to East St. Louis....3 3 9 Blanohester to Hillsboro.......... 22
New Albany < Eastern.............
fc
8
No. Vernon to Jeffersonville
53
Beardstown to Shawneetown..228 Cincinnati & Bedford............... 11
Cincinnati to Belpre.------......1 9 3 Trackage in Cincinnati................... 1
Marietta to Belpre..................... 11
Total operated June 30,1897.921
Portsmouth to Hamden............ 55
H istory , E tc.—This railway co. was a consolidation on Nov. 1,1893,
of the B. & O. S. W. RR. and the Ohio & Miss, per p la n in V. 56, p. 504.
Stock .—The $10,000,000 common is held by B. & O. and carries con­
trol. Pref. 7 p. c. non-cum. is $20,000,000.
B onds.—A b s tr a c t otfirst mortgage o f 1889 (guaranteed by B. & O.)
was in V. 51, p. 245.
The income mortgage 5 per cent gold bonds (Farmers’ Loan & T. C o.,
trustee) are non-cumulative. Series A ($8,750,000) are prior to B ($10,000.
000) for p. & i. To July, 1898, $8,651,000 series A had been
listed on N. Y. Stock Exchange; series B listed, $9,655,000.
Interest,
per cent was paid Nov. 1, 1895-on “ A ” inoomes.
E arnings.—2 mos., ) 1898...........Gross, $1,122,923; net, $268,424
July 1 to Aug. 31.
) 1897...........Gross, 1,126,655; net, 342,787
G eneral F inances.—The O. & M. first consol. -6s and 7s due Jan.
1. 1898 ($6,468,000), were extended for 50 years at 4 per cent,
effecting a saving of $192,500 per annum. ;See. V. 65, p. 1218, and
V 66 p. 80.) On June 30, 1897, the net unfunded debt was $1,019,502, ’including the “ syndicate loan” of $675,000, equipment notes
$125,288, and accrued taxes and interest $961,354, ana bills payable
of $140,000. The “ syndicate loan” was obtained on consol. 4*28 in
treasury and is to be paid off when the market for the consols im­
proves.—V 65, p. 1026. In September, 1898, a financial plan was
being matured to provide new capital for improvements and the better
operation of the road as a part of the new B. & O. system.—V. 67, p. 578.
A nnual R eport .—Report for 1896-7 at length in V. 65, p. 1020, 1026.
Other
Interest,
Balance,
Net
Year end. Gross
income.
earnings.
taxes, Ac. 8u r.o rd ef.
June 30. earnings.
$1,996,237
1898. ...$6,885,028
$2,250
$2,154,292 df. $269,346
1,882,696
1897___ 6,140,000
9,598
2,115,779 sur.63,889
2,170,070
1896___ 6,458,395

O ctober , 1898.]

RAILROAD

STOCKS

AM )

17

BONDS.

Subscribers w i l l con fer a great fa v or by g iv in g im m ed ia te notice o f any error discovered In these Tables«
Bonds—PrinoiINTEREST OR DIVIDENDS.
RAILROADS.
pal. When Due.
Miles Date Size, or
Amount
of
Par Outstanding Rate per When Where payable, and by Stocks—Last
For explanation o f column headings, &c., see notes of
Dividend.
Whom.
oent. Payable
Road. Bonds Value.
on first page of tables.
Balt, d Potomao—IstM. (tun.) gold, s. f., not dr’nx.o*
k
1*3
90
1st M., road, guar., gold, sink.fd., not drawn, .xo*
92
Consolidated mortgage for $10,000,000, gold..o*
Bangor d Ar.—1st M.$3,360,000($16,000 p.m.) g.o* 211
k
2d mortgage, $1,050,000($5,000 a mile), gold—
77
Bang.& Pisoata.—Pref .M. Green Ext.,“ assumed.”
77
Bonds held by City o f Bangor. $600,000 are 6s.
Aroostook No. 1st M., guar. p. i., gold — G.o* 151«
10
Bath d Hammondsport—1st mortgage, gold............
k
10
Second mortgage, gold.............................................
Beech Greek—Stock (guaranteed 4 per cent by end.) 150
1st M.,g, guar. p.&i. (end.).................................. c&r 150
2d M. for $1,000,000, gold, guar. p. & i. (end.) .c&r 150
Clearf.Bitum. Coal 1st M.,int.gu. by Bh. Cr., gold.c
Bellaire Zanesville d Gin.—Prior lien mort. ,red. atl05 ___
k
1st M. ($262,000 reserved for prior lien bonds)..
26
Beliefonte Oentral—1st mortgage, $200,000........ c
Belt RR d Stock Yard o f Indianapolis—Stock........
k
Preferred stock, cumulative....................................
1st mortgage for $1,000,000, currency..................
25
Belt Ry.—1st M. (red. aft. July 1,1903) g. TleB a.c*
25
2d M., income to July 1,1903, when red. at 100.
Belvidere Delaware—Stock ($4,000,000)..................
64
1st mortgage, ext. in 1877, guaranteed...............o
67
Cons.mort. t guar, by United Co’s & Pa. RR., s.f..r
67
o f 1875.. < guar, by United Co’s& Pa.RR., s. f ..r
67
$4,000,000 (issue $600,000 reduced by s. f .......r
59
Denning. dkRutl'd—1st ref. M. for $500,000, g.N.c*r
30
Bloomb'g d Sull van RR.—1st M., $400,000.. . . F P
k
30
2d mortgage, income, non-cum., $200,000... F P
Boston d Aibany—Stock ($30,000,000 authorized).. 389
k

1871 $1,000 n$l,500,000
6 g.
6 g.
1871
1,000 n 3,000,000
1889
1,000
3,000,000
5 g.
1893
1,000
3,360,000
5 g.
1895
See text.
5 g.
1883 500 &o.
5
300,000
1869
925.000
6&7
1,000
1897
1,000
225,000
5 g.
1889
100,000
1,000
5 g1893
1,000
200,000
5 g•. . .
4
5,500,000
50
1886
1,000
5,000,000
4 g.
1892
1,000
500,000
5 g.
1891 100 Ac.
803.100
4 g.
1889
1,000
6
216,000
1890
1,138,000
4
1,000
1894 50Ó Ac.
5
34,500
50
1,000,0 0 Text.
6
50
500,000
1881
1,000
1,000,000
6
1895
4 to 5
275,000
1895
4
24,000
50
1,253,000 See text.
1853
1,000
6
1,000,000
1885
1,000
4
500,000
1887
4
1,000
749,000
1893
4
1,000
526,000
1897
1,000
500,000
4 1 g.
«
1898
1,000
5
4 0,000
1898
1,000
200,000
5
100 25,000,000 8 in ’ 97.
1882
3,858,000
5
1893
4
3,627,000

The charges for 1896-97 include interest on debt, $1,791,937; taxes,
assessments, etc., $302,355; rental B. & O. S. W. Terminal Co., $60,000.
—(V. 65, 974, 1 0 2 0 , 1 0 2 6 , 1113,1218; V. 66, p. 8 0 ; V. 67, p. 578.)
B a ltim o re A P o to m ac B R . —Owns from Baltimore, Md., to
Bouth End Long Bridge, Va., and branch, 44 m.; and from Bowie to
Pope’s Creek, 49 m.j total, 93 miles—including tunnel in City of Balti­
more; total 93 miles. Controlled by Penn. RR. Co.
stock .—Oot., 1897, $5,531,000 (par $50), of which Penn. RR. owns
$4,616,350 and Northern Central $704,450. B onds.—Consols are
reserved to retire all the prior bonds as they mature. The first mort.
gage bonds are guaranteed by Pennsylvania RR. and Northern Central
E arnings.—In year ending Oot. 31,1897, gross earnings, $1,868,512
n et, $503,833; interest on bonds, $420,000; interest on equipment
rentals, eto., $54,383; bal., surplus, for year, $29,450. In 1895-96
gross, $1,882,981; net, $535,904.
B a n g o r & A roo stoo k R R . —Operates 315 miles of road ex­
tending from Bangor, Me., northerly to Piscataquis County and the
Katahdin Iron Works. System embraces:
Lines owned ("220 m.)— Miles. I Leased 999 years (V, bQ,p. 204.)
BrownviUe to Caribou............. 155 I Bangor & Piscataquis—
and branch ............................. 13 1 Oldtown to Greenville.......... 77
Ashland Jet. to Ashland.......... 43 | to Katahdin Iron Works....... 18
I Aroostook Northern, Caribou
I to Limestone. --...................... 15
Total (220 miles owned and 1101 miles leased)............................321
«
Organization .—Organized Feb. 13,1891. From Houlton to Caribou
opened Jan. 1,1895; from Ashland Junction to Ashland Jan. 6, 1896.
The State of Maine refunds 95 per cent of all taxes levied on road and
leased lines. Full data as to organization were given in V. 66, p. 855.
Stock .—Common, $1,050,000; 10,400 shares full paid and 100
shares, 5 per cent paid; preferred, 5 p. o., non-cum., $1,100,000—paid
In, $1,061,724; par $100.
B onds.—Second mortgage bonds for $167,000had been sold to Apr. 1,
1898, and $883,000 were held as collateral by the Aroostook Construc­
tion Co., making total outstanding $1,050,000; those held by the Con­
struction Co. can only be sold to pay any excess o f cost of road over
first mortgage bonds and stock subscriptions. Car trust of 1897 covers
598 oars, $3*0,000 on July 1, 1897; trustee is Guaranty Trust Co.,
New York. On July 1,1897, there were notes payable $210,067.
A nnual R eport —For year ending June 30,1897, gross, $754,780;
net, $293,666; oharges and taxes, $274,708; bal., surplus, $18,958.
Year 1895-96, gross, $699,662; net, $256,480.—(Y. 65, p. 9 7 4 ; V. 66,
p. 8 5 5 .)
B a t h A H a m m o n d sp o rt R R . —Owns road from Bath, N. Y., to
Hammondsport, N. Y., 10 miles. Chartered in 1872. Stock , $100,000;
par, $100. E arnings.—For year ending June 30,1897, gross, $37,713;
net, $17,229; interest, etc., $16,265; balance, $964. In 1897-98, gross,
$39,553; net, $19,608. In 1895-96, gross, $35,298; net, $15,555.
B eech Creek R R . —(See Map adjoining N. Y. Oentral.)—R oad—
Jersey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines,
&o., 44 miles; Wigton Mines, near Patton, to Spangler, Pa. (former
-Cambria County RR., merged May, 1898), 20 miles;total, 183 miles;
trackage to Williamsport, 16 miles; total operated, 193 miles.
L ease , A 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. Carries mostly coal and coke; in 1897-98, 4,606,033 tons out
o f 4,851,467 total tons m oved; in 1896-97, coal and cohe, 3,524,769
tons. The operating expenses are relatively low since the trains carry'
exceedingly neavy loads o f freight, the average per train in 1897-98
being 580 ton s; in 1896-97, 608 tons. Average rate per ton per mile
0'28c. in 1897-98; 0'35 in 1896-97 See guaranty V. 52, p. 570.
Stock and B onds.—The bonds are endorsed with the New York
Central’ s guaranty of principal and interest. See V. 52, p. 570. In
June, 1892, stockholders authorized the issue of $1,000,000 new second
mortgage 5 per cent bonds and $1,000,000 new stock, both guaranteed
by the New York Central. These securities will be issued from time to
time to pay for extensions reaohing undeveloped coal fields. In
June, 1898, $500,000 of these 5 per cents and $500,000 of stock
nad been issued to pay for extensions, etc. Equipment trusts (5 per
cents) June 30,1898, $74,000, interest payable at Knickerbocker Trust
Co., N. Y.; also $416,000 of 41 per cents of 1895. The Clearfield Bitu
«
minous Coal Corporation has capital stock, $825,000 and bonds author­
ized, $825,000; retired by sinking fund to June JO, 1896, $21,900.
A nnual R eport . - Fiscal year ends June 30. Statement for 1896-7
was in V. 65, p. 727. In 1897-8, gross, $1,540,890; net, $772,004; inter­
est, rentals, etc., $377,733; dividends, $220.000; balance, surplus, for
year, $174,271. In 1896-7 gross, $1,416,979; net, $756,475.—(V. 65,
p. 7 2 7 ; V. 66, p.952.)
B ellaire Z a n esv ille A C in cin n ati R y . —Owns Bellaire, O., to
Wilhelm Station, O., 102 miles, three foot gauge; Muskingum County
Railroad, Wilhelm to Mill Run, 9 miles; trackage B.&O .RR., Mill Run to
Zanesville, 1 mile; total operated, 112 miles. A consolidation in 1882
and reorganized in 1889. R eceivership .—In June, 1895, General
Manager J. K. Geddes was made receiver, interest due Jan. 1,1895,




J. & J.
A. & O.
J. & J.
J. & J.
J. & J.
A. & O.
A. & O.
A. A O.
J. & D.
A. & O.
Q.—J.
J. & J.
J. A J.
J. & J.
J. & J.
J. & J.
J. & J.
J. A J.
Q .-J .
M. & N.
J. A J.
J. & D.
M. & S.
F. & A.
J. & J.
M. & N.
J. & J.
J. & J.
Q .-M .
A. & O.
A. A O.

Balt. Office and London.
do
do
do
Calvert St.
N. Y., Guar. Trust Co.
do
do
Boston. Merci. Nat. Bk.
Bangor, Me.
N. Y., Guar. Trust Co.
New York City.
do
do
N. Y., Grand Cent. Sta.
do
do
do
do
N. Y., Knickerb’r Trust.
July,’94, coup.lastpaid.
Phila.,Real Est. Tr. Co.
Indianapolis, Co. office.
do
do
Phila., W. H. Newbolds.
Balt., Merc. Tr. & Dep.
Philadelphia, Pa. RR.
Philadelphia, Pa. RR.
do
do
do
do
do
do
N. Y., Sec. & Trust Co.
Phila., F. I. T. & S.D.Co.
Phila., when earned.
Boston,Of.Kneeland St.
do
do
do
do

July 1, 1911
Apr. 1, 1911
July 1, 1929
Jan. 1, 1943
July l , 1945
Apr. 2, 1913
Apr. 1, 1899
Oot. 1, 1947
June 1, 1919
Apr. 1, 1923
Oct., 1898.1%
July 1, 1936
July 1, 1936
Jan. 1, 1940
July 1, 1899
Jan. 1, 1940
Jan. 1, 1924
July, ’98,2*3%
Oct., ’9 8 ,1J«
Apr. 30,1911
July 1, 1945
1903-1945
Feb. 23, 1898
June 1, 1902
Sept. 1, 1925
Feb. 1, 1927
Jan. 1, 1933
Nov. 1, 1927
Jan. 1, 1928
Jan. 1, 1928
Sep.30,’ 98,2%
Apr. 1, 1902
Oct. 1, 1913

on the prior lien bonds being in default. Foreclosure suit brought in
August, 1895, but no further aotion taken to April, 1897. V. 61, p.
239. Stock is: Common, $832,000; preferred, $795,910; par $50.
In year ending June 30,1898, gross, $106,438; net, $8,075. In 1896-7,
gross, $98,250; net, $3,096. In 1895-6 gross, $98,853; defloit under
operating expenses, $3,696.—(V. 61, p. 26, 239.)
B ellefon te C entral R R . —Beliefonte, Pa., to Pine Grove Mills,
23 miles, with branches, 3*50 miles; total, 26'50 miles. Reorganization
January, 1892, of Buffalo Run Bellefonte & Bald Eagle RR. Stock,
$500,000, all outstanding; par, $50. Bonds, first 5s authorized, $200,0"0; outstanding June 30, 1898, $34,500. Real Estate Trust Co. o f
Philadelphia, trustee. For year ending June 30,1898, gross, $26,845;
net, $6,791; charges, $*,441; surplus, $350. Officers (Oot., 1898),
Robert Frazer, President; George H. Wolbert, Secretary and Treasurer,
209 South Third St., Philadelphia, Pa.
B elt R a ilro a d A Stock Y a rd o f In d ia n a p o lis.—Owns 14
miles o f belt road, eto.. at Indianapolis. Leased for 999 years to In­
dianapolis Union—which see.
D ividends .— ) Preferred in Common 1895. 1896. 1897. 1898.
5
41
«
0
5
Since 1894____ j full to date, stock p. c.
In 1892 the “ common stock had not paid less than 3 per oent
semi-annually (J. & J.), and at times more, for past fifteen years.”
The $500,000 6s of 1876 due Deo. 1,1896, have been paid, leaving the
6s of 1881 a first lien. President (March, 1897), A. W. Minshall o f
Terre Haute, Ind.—V. 63, p. 153; V. 66, p. 334.
B elt R a ilw a y (o f C h attan oo g a, T e n n . ) . - Owns 25 miles of
belt railroad in Chattanooga, Tenn., connecting lines entering that city.
H istory .—A reorganization of Union Ry. foreclosed June 17,1895.
Leased till July 1,1945, to Alabma Great Southern RR.; rental guar­
anteed to meet interest on 1st M. bonds, taxes and maintenance.
Stock is $300,000, owned by 41a. Great So. Ely.—V. 63, p. 6qq. The
right to handle passenger, mail and express traffic on 13 m i;es of the
line has been granted to the Chattanooga Rapid Transit Co., the Great
Southern reserving the right to conduct freight traffic. V. 67, p. 72.
B onds.—First mortgage for $300,000, bears interest at 3 p. o. for 2
years from July 1,1895, 4 p. c. for 2 years more and 5 p. o. thereafter.
E arnings.—Earnings now included in Ala. Gt. So. Figures for year
1896-97 gross, $37,978; operating expenses, $39,272; deficit, $1,294,
owing chiefly to extraordinary repairs.—V. 63, p. 356, bgg; V. 67, p. 72,
Belvidere D ela w a re R R .—Owns from Trenton, N. J., to Manunka Chunk, N. J., 67. m.; Flemlngton RR.,&o., 14 m.; operated cut-off
1 m.; total operated, 82 miles, leased to United Companies, and trans­
ferred to Penn. RR. March 7,1876. Net earnings paid as rental.
Stock .—Authorized, $4,000,000; outstanding Feb., 1898, $1,253,000; par, $50. In 1896 dividends of 16 per cent were paid out o f
earnings; in 1897, March 1, 5 per oent; in 1898, Fen. 23, 5 per oent.
B onds.—First 6s of 1853 and the $1,249,000 4 per cents of L885-7 are
guaranteed by tbe United Companies, and their guaranty assumed by
the Penn. RR. under its lease. Bonds of 1885,1887 ana 1*93 are se­
cured by the consol. mortgage of 1875 for $4,000,000, which provides
for a sinking fund of 1 per oent of outstanding bonds if earned.
E arnings.—In 1897, gross, $1,040,050; net, $268,185; interest, eto.
$191,721. In 1896, gross, $1,000,317; net, $203,938.
B en n in g to n A R u tla n d R y .—Rutland to Bennington, Vt., and
branch, 59 miles. Organized in 1877. Capital stock, $1,000,000.
E arnings.—Year ending June 30,1898, gross, $234,600; net, $11,152; int. on bonds, $26,083; div. (1 p. c.), $10,000; bal., surplus, $25,069. In 1896-7, gross, $217,928; net, $36,260.—V. 65, p. 975.
B erk sh ire R R .—West Stookbridge, Mass., to Connecticut State
Line, 21 miles. Road opened 1842. Leased April 1,1893, for 99 years
to N. Y. N. H. & H. RR. for expenses, taxes and 6 p. c. on stock. Old
lease to Housatonio RR. suspended but not canceled. Capital stock
$600,000 (par $100).
B lo o m sb a r g A S u lliva n R R .—Owns Bloomsburg to Jamison
City, Pa., 30 miles. Road built in 1887 and 1888. Stock is $600,000;
par, $50.
Bonds.—Reorganized without foreclosure in 1898, $600,000 old 5s
receiving 23 of par value in new first 30-year 5s and *3 in second mort­
gage incomes and the four overdue coupons to Jan. 1,1898, inclusive,
surrendered for $10 cash. V. 66, p. 954; V. 66, p. 80, 952.
v
E arnings.—Year ending June 30,1898, gross, $60,700; net, $28,649.
In 1896-97, gross, $58,058; net, $25,167; interest and taxes, $46,861.
President, C. R. Buokalew; Vice-Prest. and Treas., Samuel Wigfall,
Bloomsburg, Pa. V. 63, p. 115; V. 64, p. 133 ; Y. 66, p. 80, 952.
B o sto n A A lban y R R .—Owns from Boston, Mass., to A lbany,
N. Y. 202 miles; numerous branches, 104 miles; leased lines, 83 miles)
total operated, 389 miles. A consolidation of December, 1867.
This road owns $100,000 stook (out of $500,000) of the Boston Ter­
minal Co. and, with others, will use the new Union Station in Boston
when completed. (V. 62, p. 547; V. 63, p. 308.)
Stock—In 1889 obtained permission from the Legislature to Ibsuo
$10,000,000 additional stock, $7,000,000 being for bonds due in 1892
the remainder for improvements.

18

INVESTORS’

SUPPLEMENT.

[Y ol. LXVII.

Subscribers w i l l con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
Bonds—Prinoi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Due*
For explanation of column headings, «fee., see notes of
Par
of
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Boston < Lowell—Stock..
6
Bonds, not m ortgage..
Bonds,
do
Bonds,
do
Bonds,
do
Boston < Maine gives |
&
Bonds,
do
e*.. V a rental guarantee^
- .,
Bonds,
do
o*..
for 99 years.
Bonds,
do
_
Bonds,
do
Bonds, $226,900........ c
Nash. «feLow plain b’ d s ,
_
_
Boston < Maine—Stock, common and scrip.............
6
Preferred stock, 6 per cent, non-cumulative........
Improvem’t bonds, s. f., not mort. or subj. to call
Improvem’t bonds, s .f„ n o t mort. or subj. to call ....
Improvement bonds, not mortgage.......................
Bonds (not mortgage) for imp. & ref................ c&r _
Bonds, not mortgage, gold.............................. .c&r ....
Eastern RR.certs.ofindebt.lstM ., g.,s.f.,notdm .o I l l
Portsmouth Great Falls & Conway, 1st mort___o
73
Charleston land mortgage notes.............................
Boston <t Prov.—Stock, 10 p. c. guar. 99 yrs., Old Col.
S
68
Bonds, not mortgage.............................................. o* ....
Boston Revere Beach < Lynn—Stock..........................
fi
....
New 1st mortgage, $1,000,000. gold— S B e’ &r ....
Boston Winthrop & Shore 1st mort assumed . . .
8
Brad. Bord. < Kinzua—1st M., $100,000, g.M p.c*
£
27
Brooklyn <t Brighton Beach,—1st mortgage.C.......c
7*2
Consol, mortgage, $1,000,000.............. .................
7%
Income certificates..................
Brooklyn Elevated,—
See Street R a ilw ay Supple MENT.
Brooklyn d Roekaway Beach.—lstM .,$350,000,g.o*
3*2
Buffalo Greek—1st mortgage.................................... r
6

1879
1883
1885
1892
1893
1895
1896
1897
1898
1880

$100

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

....
100
100
....
1,000
1885
1,000
1887
1,000
1887
1892 lOOO&c.
1894
1,000
1876 $ & £
1877 500«fee.
’ 88-’93

....

1897
1886
1892
1887
1696
1895
1891
1882

100
1,000
100
lOOO&c.
1,000
500
1,000
1,000

i,ö b ö

D ividends —Cash dividends at the rate of 8 per cent yearly have been
paid for many years. Stock dividend, 10 p. o. in 1883 and 3 ^ p. c. in 1886.
A nnual R eport.—Report for 1897-98 was in V. 67, p. 478.
Year ending June 30—
1898.
1897.
1896.
Gross earnings.............................$9,241,569
$9,114,625
$9,350,632
Net earnings................................ $2,446,568
$2,456,550
$2,438,767
$337,980
$337,980
Interest paid................................ $337,980
Rentals..........................................
78,000
78,000
78,000
Dividends (8 per cent).............. 2,000,000
2,000,000
2,000,000
Bftlanoe, surplus.........................
$30,588
$40,570
$22,787
—(V. 65, p. 193, 2 7 5 , 923; V. 66, p. 334,952; V. 67, p. 3 1 6 , 318, 4 7 8 .)
B osto n Sc L o w e ll R R , - R oad—Owns Boston to Lowell, 27 miles
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 32 miles ; Middlesex Central, 11 miles ; leases—Manchester <
fe
Keene RR., 29 miles (ownedjointly with Concord < Mon. RR.); Central
fe
Massachusetts, 104 miles ; Connecticut & Passumpsio, 147 miles; total
leased. 280 miles; total owned and leased, 369 miles.
L eases.—Leased in 1887 for 99 years to the Boston < Maine at 7 per
fe
cent per annum on stock till Jan. 3,1897, and 8 per cent thereafter.
Stock and B onds.—Stock authorized, $6,529,400. The debentures
were described on page 2, S upplement of April, 1895. The $214,000
4s of 1898 were issued Oct, 1,1898, to retire the Salem < Lowell 6s
fe
maturing Oct. 1,1898. (V. 64, p. 41; V. 66, p. 80; Y. 67, p. 528.)
B o sto n Sc M ain e R R .—R oad—The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
Springfield, Mass., Sherbrooke, Can., etc., and all important places in
New Hampshire, and inoludes:
Lines owned.
Miles.
Miles.
Boston,Mass. ,toPortland,Me. 116 Branohes leased...................... 570
Boston to N. H. State Line..
41 Trackage r ig h ts .....................
7
Conway Juno., Me., to North
Total operated July 1, ’9 8 .... 1,717
Conway, N. H.......................
73
Double track ...........................310
Sundry branohes.................... 140
Lines leased.
Controls Me. Cent, (which see). 822
State Line to Portland...........
67
Portland & Rochester............ 55
Lines to Sherbrooke (P. Q.), 1
St.Johnsbury &LakeChamp.l31
Rochester, White River, ( 703
York Harbor < B ea ch .......... 11
fc
Northampton, Groveton, [ 4
Vermont Val. of 1871............ 24
Keene................................. J
Sullivan County..................... 26
The leased lines include: Concord & Montreal, leased June 29,1895,
Boston & Lowell, Central of Mass., Nashua & Lowell, Northern of N. H.
Worcester Nashua < Rochester, Connecticut River, etc.—for terms of
&
leases see each company.
Organization , E tc.—In 1890 a consolidation was made with the
Eastern Railroad of Massachusetts and the Portsmouth Great Falls <
fe
Conway, on terms in V. 50, p. 589. July 29, 1895, the Concord <
fe
Montreal was leased for 91 years. See V. 61, p. 513. From Jan. 1,
1893, the Connecticut River Road was leased for 99 years. V. 56, p. 245.
An agreement with N. Y. N. H. & H. regarding division of territory
was made in ’93. (V. 56, p. 464.)
Stock .—Common stock authorized, $18,754,200; preferred stock
$3,149,800; outstanding in June, 1897, as in table above. In 1891-92
$4,592,100 stock was Issued to stockholders at par. (V. 52, p.
164, 349.) Of common stock $945,200 held by mortgage trustees of
Eastern RR. and$376,200 by B. & M. June 30,1898, drew no dividends.
D ividends .— 5 ’87 ’ 88 ’ 89 ’ 90 ’ 9) ’ 92 ’ 93 ’ 94 to O c t .,’98
On common. < 10% 9
9
91
a
9
8
8
6 yearly.
B onds.—As to debentures see Supplement of April, 1895.
Loans and notes payable March 31, 1898, $350,000. B. & M.
guarantees $1,328,000 first 5s of St. Johnsbury & Lake Champlain.
Also interest on $113,500 Portland & Rochester and $274,000 Man­
chester & Lawrence 4 p. o. bonds. Jointly with Maine Central guar­
antees $300,000 Portland Union Ry. Station bonds.
A nnual R eport .—Annual meeting second Wednesday in October.
AtitmirI report 1897-98 in V. 67, p. 686, showed results as follows, the
•perating expenses In 1897-96 including $675,208, in 1896-97 $609,287, and $1,060,663, in 1895-96, spent for permanent improvements.
Year Ending June 30.
1898.
Miles operated...........................
1,715
Passenger department.......... . $8,461,640
Freight department.................. 10,201,910
Mails, express, etc.................... 1,079,395

1897.
1,718
$8,538,278
9,975,436
1,042,973

1896.
1,717
$9,099,273
10,343,123
1,017,695

T ota l......................................$19,742,945 $19,556,687 $20,460,091
13,609,106
14,547,693
Oper, expenses, exol. taxes— 13,723,676
Net earnings.




$6,019,269

$5,947,581

$5,912,398

J. < J.
fe
$6,529,400
8
Boston, at Office.
620,000
J. & J.
do
do
5
fe
do
do
250.000
4^2 M. < N.
Various
do
do
3,675,000
4
A. < O.
fc
do
do
1,000,000
4
F. < A.
fe
do
do
1,000,000
4
M. & S.
do
do
500,000
4
do
do
750,000
A. & O.
4
A. & O.
do
do
200,000
4
214,000
A. & O.
do
do
4
100,000
J. < J. Nashua, Co.’s Office.
&
5 g.
18,739,200 6 in 1898 Q .-J .
Boston, at Office.
M. < S.
fc
do
do
3,149,800
6
do
do
1,000,000
4
F. & A.
F. < A.
fc
do
do
500,000
4
F. < A.
fc
do
do
1,919,000
4
2,500,000
F. «fe A.
do
do
4
6,000,000
do
do
4*3 g. J. «fe J.
&
8,473,307
6 g. M. < S. Bost.; Lond., Baring Br.
998,000
4 Lj J. «fe D.
Boston, at office.
597,800
4,000,000
10
Q.—J. Boston, Of., Sears Bldg.
do
do
2,170,000
J. «fe J.
4
Boston.
850,000 2 In 1898 J. «fe J.
561,000
4 12g. J. «fe J. Boston, State St. Tr. Co.
do
289.000
M. «fe S.
5
fc
249,000
4 g. A. < O. N. Y., Met. Trust Co.
500.000
5
M. «fe 8. Mar.;’ 6,pd. Mar. 24,’96
In default.
300,000
5 g. M. «fe N.
6
394,500
338,000
250,000

July 1 ,’ 98,4%
July 1, 1899
May 1, 1903
1905-6-7-9
Apr. 1, 1932
Feb. 1, 1913
Moh. 1, 1915
July 1, 1916
Oct. 1, 1917
Oct. 1, 1918
July 1, 1900
Oct. 1 ’ 98.1)2%
8 e p t.l,’9 8 ,3%
Feb. 2, 1905
Feb. 1, 1907
Feb. 1, 1937
Aug. 1, 1942
Jan. 1. 1944
Sept. 1, 1906
June 1, 1937
Sept. 1, 1906
Oct. 1 ’98,2*3%
July 1, 1918
July 1, ’98,1%
July 15,1927
Sept. 1. 1906
1942
Sept. 1, 1927
May 1, 1946
Sept. 1, 1935

M. «fe N.
May 1, 1931
fe
6 ** J. «fe J. N. Y., Farmers’ L. < Tr: Jan. 1, 1907

Year ending June 30. <
1898.
Net, includ. other income.......... $6,759,473
Interest........................
1,089,125
Rentals......................................... 3,307,107
Taxes............................................ 1,030,040
Dividends.................................... 1,234,002
Sinking fund...............................
69,779

1897.
$6,638,983
1,104,726
3,208,012
988,348
1,234,002
68,601

1896.
$6,597,361
1,096,396
3,140,910
981,954
1,234,002
72,633

Balance, surplus............. ...........
$2 ,420
$35,294
$71,466
-(V . 66, p. 334, 616, 899; V. 67, p. 318, 3 6 7 , 6 8 6 .)
B osto n Sc Providence R R . —Owns Boston, Mass., to Providence
R. t., 44 miles; branches, 20 m iles; leases to North Attleborough, 4
miles. Leased for 99 years, April 1, 1888, to Old Colony RR.; rental,
10 per cent yearly on stock. Old Colony to July 1, 1892, had invested
81,671,938 in road on lease improvement account.
B oston R evere B ea ch Sc L y n n R R . —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
fe
Winthrop, 5 miles, with branohes 3 miles. The mortgage of 1897 is
for $1,000,000; $289,000 reserved for Boston W. & 8. 5s; balance unis­
sued is for improvements. (V. 65, p. 68.)
D ividends . ) 1888-91. ’ 92.
’ 93. ’94.
’ 95. ’96. ’ 97. ’ 98.
Per cent.
$ 7 yearly. 5*2
5
41
a
4
3
2
2
E arnings.—Year ends June 30. Report for 1896-7 in V. 65, p. 568.
Year.
Gross.
Net.
Int. < taxes. Div.paid. Bal., surp.
£
1897-98.......$258,758
$62,619
$45,218
$17,000
$401 1
1896-97.......... 264.530
80,692
54,948
25,500
244
—(V. 63, p. 7 1 6 , 837, 879, 967; V. 64, p. 1000; V. 65, p. 68, 5 6 8 .)
B r a d fo r d B o r d e ll Sc K in z u a R y .—Owns Bradford to Smithport, Pa , 25 miles; Kinzua Junction to R ew City, Pa., 2 miles; total
27 miles. Leases Ormsby Junction to Mt. Jewett, Pa. (Big Level <
fc
Kinzua RR.), 10-50 miles, andMt. Jewett to Kane, Pa. (Pitts. & W est.),
12-50 miles; total operated 50 miles. Stock, common, $300,000, au
thorized; $249,000 issued; par, $50. Bonds not subject to call and
have no sinking fund. Year 1896-97, gross, $77,804; net, $22,728, in­
terest, rentals and taxes, $17,790; surplus, $4,937. President, Geo. L.
Roberts, Pittsburg, Pa.; Sec., J. B. McGeorge, 39 Broad St., New York.
B ro o k ly n Sc B rig h to n B each R R .—Owns dou ne-traok road
from Atlantic Ave. corner Franklin Ave., Brooklyn, to Brighton Beach,
L. I., 7>i miles. In July, 1897, trains belonging to this company were
discontinued, the Kings County Elevated trains only being run.
R eceivership .—Receivers, appointed Jan., 1898, Geo. W. Palmer
and E. L. Langford. Foreclosure proceedings pending —V. 66, p. 80,856.
Receivers in April, 1898, received authority to issue $50,000 certifi­
cates for improvements. V. 66, p. 810.
Sto :k .—Common, $500,000; preferred., $500,000.
B onds, E tc —On July 1,1897, loans and bills payable were $32,294.
Profit and loss deficiency June 30,1896, $410,995. Sept., 1896, cou­
pons not paid. Of the consols o f 1896 a portion is out as collateral.
First Mortgage Committee.—George S. ridgell, 192 Broadway, N. Y .;
J. K. O. Sherwood and Fred Ingraham.—V. 66, p. 132.
E arnings.—Year ending June 30,1898, gross, $8,247; deficit from
operating, $14,576; receipts from lease o f traokto Kings Co. Elev. RR.,
terminal, etc., $31,740; total net income, $17,164; charges, $65,338;
balance, deficit, $53,937. In 1896-97 gross, $37,255.—(V. 66, p. 856.)
B r o o k ly n Sc R o e k a w a y B each R R . —Owns road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3*2 miles (of
which 3 miles double track), and operates ferry to Roekaway Beach.
Operations suspended during winter months. Rails 50-56 pounds
steel. Stock is $150,000; par, $50. D ividends .—In 1890 and 1891,
each 5 per cen t; 1892, 6 per cent; 1893, 10 per cent; in 1894, (1) per
cent. In year ending June 30, 1897, gross, $15,682; def. under oper­
ating, $6,393; other income, $6,626; interest and taxes, $28,293»; bal.
deficit for year, $28,060. In 1895-6, gross, $42,407; net, $2,574.
B u ffalo B rad ford Sc P ittsb u rg R R . —Owns from Carrollton,
N. Y., to Gilesville, Pa., 26 miles. The Erie RR. holds for its new
mortgage all the $580,000 bonds due Jan. 1, 1896, and $2,189,900 of
the capital stock of $2,286,400; par $100. (V. 62, p. 39.)
B u ffalo C re e k R R .—Owns 6 miles of terminal road in Buffalo,
N. Y. In January, 1890, leased for term of oharter less one day, to the
Lehigh Valley and the Erie RR., which together own entire oapital
stock of $250,000. Dividends in year 1895-96, 7 p. c.
B u ffalo R och ester Sc P ittsb u rg R a ilw a y .—(See Map.)—Oper­
ates from Buffalo and Rochester, N. Y., to the bituminous coal regions:
Leased—
Entire sCk own'd— Miles.
Lines owned in fee—
Miles.
Johnsonburg & Bradford RR.—
Buffalo Creek, N. Y., to Howard
Howard Juno, to Mt. Jewett. 20
Juno., P a .................................. 86
Clarion Juno., to Walston, Pa. 62 Lincoln Park & Charlotte........ 10
Rochester to Ashford, N. Y .. . . 94 Perry R R .................................... 1
Leased—Stoc/c not owned.
Four branches to mines............ 14
Clearfield & Mahoning—U
Trackage—
Clearfield to Beech Creek RR. 26
Erie—Mt. Jewett to Clarion J.. 21
Mahoning Valley R R ................
2
Total (IfSee separate statement for this company)...................... .336

O ctober , 1898.)




*tATLROAi> STOCKS

AND

BOJKD8.

19

90

INVESTORS’

SUPPLEMENT.

[ V o l , LX VIL

Snbacrlbera w i l l con fer a great fa v or by g iv in g Im m ed iate n otice o f a n y error discovered In tliese T a b les.
RAILROADS.

Bonds—Princi­
INTEREST OR DIVIDENDS.
Size, or
pal, When Due.
Amount
of
of
Par
Rate Per When When Payable, and by Stocks—Last
on first page o f tables!
Hoad. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Buffalo Creek—(Concl’d)—Con. M $1,000,000«. o
6 1891 $1,000
$238.000
5 g. J. & J. N. Y., Farmers’ L. & Tr. Jan. 1, 1941
Buffalo N. Y. it Brie—See E rie R ailroad .
Buffalo Rochester A Pittsburg—Common stock........
100
6,000,000
Pref. stock, non-oum.; com. 6%; then pro ra ta ...
100
6,000,000 2 in 18£8 F. & A. N. Y., 36 Wall Street. Aug. 15,’ 98,1%
R. &P. IstM , gold, Rochester to Salamanca.... o’ 108 1881
1,000
1.300.000
6 g. F. & A. N. Y., Union Trust Co. Feb. 1, 1921
R. & P. consol, mort., $20,000 per mile, gold, g .c
276 1882
1,000
3.920.000
J. & D.
do
do
Deo. 1, 1922
B.R. &P. 1st general M. ($10,<M)0,000) g ...U n o ’ 276 1887
1,000
4.407.000
M. & S.
do
do
Sept. 1, 1937
Debentures, $3,000,000, currency,call at 105.C
1897
1,000
1 . 000,000
i g* J. & J.
New York,
Jan. 1, 1947
Lincoln Park & Charlotte 1st mort.,gold,guar. o’
10 1889
1,000
350.000
J. < J.
&
do
do
Jan., Ï939
Perry Railroad 1st mortgage, guaranteed___
1 1882
1,000
20,000
J. & D.
do
do
June, 1902
Real estate m ortgage.........................................
Var’us
304.000
5 & 6 Various
Rochester, N. Y.
Various.
B. R. & P. car trusts, gold..........................
’90 ’ 98 1,000
786.000
5
J. & D.
do
do
1898-1908
Buffalo St. Mary8 A Southwest’n—1st M., goid.Ce ’o
46 1897
1,000
268.000
F. & A. N. Y., Central Trust Co. Feb. 1. 1927
Buffalo A Susquehanna—Stock, $2,000,000...'..
..
50
1.518.000 6 in 181*8 Feb.
Feb., 1898,5%
1st m.,$2,000,000 g., s. f.,subj. to call at par.o*"&r 112 1893 500 &o.
1.134.000
A. & O. N. Y., H. Fisk & Sons.
Oct., 1913
Burlington Cedar Rapids < Northern—Stock, j ___
6
.
100
5.500.000 4 in 18§8 F. & A. N. Y., Com Exoh. Bank. Aug. 1 /9 8 ,2 %
1st mortgage................ , ...................................0*<
fcr 269 1876 100&C.
6.500.000
5
J. & D. N. Y., Central Trust Co. June 1, 1906
Ced. Rap. I. F. &N. W., IstM . g., guar.,red. at 105
55 1880
1,000
825.000
A. & O.
do
do
Oct. 1, 1920
ConsoLlstM., gold, guar. (See text) $4,000,000.c . . . . 1881
1,000
2 g- A. & O.
1.905.000
do
do
Oct. 1, 1921
B.C.R.&N.con.IstM . &col. trust,gold.......... o*&r
All 1884 l,000&c
A g- A. & O.
6.425.000
do
do
Apr. 1, 1934
Minneapolis & St.Louis,1st mort., gold (assumed)
12 1877
n g500
150.000
7 g. J. & D. N. Y. Continental N. Bk. June 1, 1927
Busk Tunnel R».—1st mort., gold, red. at 105 .... c* .... 1890
1,000
1.250.000
7 g. J. & J. July, 1896, not paid. July .1, 1935
Butte Anaconda < Pacific—Stock $1,000,000.......... ....
6
100
1,000,000
See text.
1st mortgage, $3,000,000........................................ . . . . 1893
See text.
„
,
Calgary A Edmonton—1st mort. 6s, red. at 110___ 295 1890
£100 £1,121,700 See text. J. (*> J. Lon..Morton,Chap. & Co July1923 1910
&
1,
Cal. Sorthw.—1st M., g. ($2,000,000, gu. p.&i.) s.f.
60 1898 $1,000
(»)
5 g. A. & O. San Fran. & New York. Apr. 1, 1928!
California Pacific—See Southern Pacific RR.
Cambria A Clearfield—Stock, $2,150,000 a u th .....
50
50
1,300,550
1st M. ($2,000,000) gold....................................... o*
80 1891
1,000
1,279,000
5 g. J. & J. Phila., Broad St. Stat’n. Jan. 1, 1941
Camden & Atlantic—See West Jersey & Sea Sho RE.
Camden A Burlington County—Stock, 6 p. ct. guar.
30
25
381,925
6
J. & J. Phila., Broad St. Stat’n. July, ’ 98. 3%
1st mortgage, $350,000, gold, gu.p.&i.by P.RR.c*
30 1897
1,000
350,000
do
do
4 g. F. & A.
Feb. 1, 1927
B u ffa lo R och ester Sc P ittsb u rg B y . - (Concluded.)
Organization , E tc.—Successor in March, 1887, to the Rochester &
Pittsburg, which was foreclosed in October, 1885. Plan of reorganizain V. 41. p. 516. The entire capital stock ($4,000,000) of the Rochester
& Pittsburg Coal & Iron Co. is owned, the property being bonded for
$2,234,000 (see balance sheet, etc., V. 66, p. 1088) and through that
company in May, 1896, control was aoquired o f the Bell, Lewis & Yates
properties, incorporated as the Jefferson & Clearfield Coal & Iron
Co. (see Miscellaneous Cos.) with $3,000,000 stock and $3,000,000
bonds. The B. R. & P. Ry. controls the coal output from over 30,000
acres o f bituminous coal lands in Jefferson and Clearfield counties, Pa.
V. 62, p. 908; V. 63, p. 115. Clearfield & Mahoning securities are guar­
anteed. As to contract for construction o f All. & Western, see below.
D ividends .—On pref., in 1892, 5; in 1893, Feb., 14* p. c.; in 1897,
Aug., 1 p. c.; in 1898, Feb. 15 ,1 p. o.; Aug. 1 5 ,1 p. c. V. 65, p. 234.
B onds.—General 5s for $5,593,000 are reserved for prior bonds, eto.
The $3,000,000 debentures of 1897 are to be secured by any subse"
quent mortgage made except if made for refunding existing prior liens
or for extensions exclusively; debentures are subject to oall at 105,
any January or July. See V. 64, p. 706. R. & P. income 6s due Feb.
1,1921, for $5,000 are outstanding.
General F inances.—I n June, 1897, $1,000,000 debentures were
Bold and floating debt of $900,000 paid off.
In 1898 a contract was approved with the Allegheny &
Western Ry. for the construction of an extension of 60 miles from
Punxsutawney ■westerly to Butler, Pa., from which place to New­
castle, Pa., the Pittsburg & Western will be used under a track­
age agreement and connection made at Newcastle with
an extension of the Lake Erie & Western Ry., forming a western
outlet for coal. When completed the All. & W. w ill be leased to the B.
R. & Pitts., which will guarantee 6 per cent on its stock and 4 per cent
on its bonds. V. 66, p. 335, 759.
E arnings.—2 months, »1898............gross, $688,014; net, $250,555
July 1 to Aug. 31.
J1897.......... gross, 619,203; net, 214,712
A nnual R eport .—Fiscal year ends June 30. The annual meeting is
held at New York on the third Monday in November. The report for
1897-98 was given at length in V. 67, p. 423, 432. In 1897-98 carried
4,092,852 tons o f bituminous coal (out of 5,874,173 total tons of freight
moved), against 2,949,582 in 1896-97.
Year end. June 30— 1898.
1897.
1896.
1895.
Gross earnings.............$3,683,590 $3,311,766 $3,141,888 $3,028,216
$961,524
$856,976 $756,927
Net earnings................ $1,122,018
Other income...............
22,514
35,510
37,889
38,225
Total receipts.......$1,144,532
Interest on bonds---- $665,966
Int. on floating debt..
4,264
Rentals.......................
121,981
Dividend on pref.......
120,000

$997,034
$598,777
46,705
120,665
............

$894,865
$603,901
45,860
127,460

Total net income.. $1,283,361
$1,111,508 1,503,852 $1,063,809
Interest on debt.......
799,400
807,673
811,080
811,289
Dividends................ (4) 220,000 (4)220,000 (3) 165,000
(3) 165,009
472
1,642
1,103
$795,152 Miscellaneous........
$596,271
Surplus.................. $263,489
$82,193
$527,772
$86,42631,252 Cash assets prev.yr.
546,694
754,812
335,374
333,601
124,960 Improvements, etc.
20,781
146,677
133,240
5,895

Balanoe................... sur.$232,321 sr.$230,887 sr.$117,644 sr.$42,669
—(V. 67, p. 72, 273, 3 1 6 , 4 2 3 , 4 3 2 .)
. B u ffa lo St. OTary>s Sc S ou th w estern R R .—Clermont, Pa., to
Hyde, 46 miles ; trackage, Erie RR., Hyde to Shawmut, Pa., 5 milestotal operated, 51 miles. A consolidation January 28, 1897, of the
St. Mary’s & Southwestern RR and Buffalo & St. Mary's RR. Stock
$1,000,000, par $50 ; all outstanding. Year ending June 30,1897
gross, $105,286; net. $61,019; charges, $6,090; surplus, $54,929*
President, B. Frank H all; "Vice-Pres., J. K. P. Hall, St. Mary’s, Pa.
B u ffalo Sc Su squ eh an n a R R .—Owns from Keating Summit
on the Western New York & Pennsylvania RR., to Ansonia’
Pa., on the Fall Brook RR., 62 miles; Galeton to Wellsville, on Erie
RR., 37 miles, with branches 13 miles ; Wharton, Pa., to Bailey Run 4
m iles; leases Addison, N. Y., to Galeton, Pa., 46 miles; total opér
ated, 162 miles. The road affords outlet for an extensive timber sec
tion (upwards of 200,000 acres), to Buffalo, New York and Philadelphia
Addison & Penmylvania was purchased in 1898 by the owners of the
Buffalo & Susq. and leased for 25 years. (V. 66, p. 1042; V. 67, p. 427.)
D ividends —
)
1895.
1896.
1897.
1898.
paid in Jan., %
J
4
5
5
Feb. 5%
B onds.—Mortgage, V. 57, p. 639, and application to N. Y. Stock
Exchange, V. 58, p. 1036. Bonds cannot be issued to exceed $15,000
per mile of road completed and equipped. The mortgage is also a lien
on about 89,394 acres of timber lands, estimated as worth $1,700,000.
The sinking fund retires each year as many bonds as indicated by
dividing total outstanding by the number of years the bonds have yet
to run, purchasable in the open market, or subject to call at par in
order o f numbers, beginning with the highest. V. 65,p. 234. To Oct..
1898, $336,000 firsts had been retired by sinking fund.
E arnings.—2 months, > 1898.............. Gross, $116,597; net, $41,909
July 1 to Aug. 31.
> 1897.............. Gross, 108,796; net, 55,915
R eport .—Report for 1897-8, gross, $625,692; net (over taxes), $261,952; interest, $61,544; sinking fund, etc., $96,548; dividends, $75,900;
bal., surp., for year, $33,960. In 1896-7, gross, $579,798; net, $293,1 7 5 .- (V 66, p. 7 9 ,10 4 2 ; V. 67, p. 427.)




B u s k T n n n e l R y . —Owns road from Busk to Ivanhoe, Col., 2*
miles, including 1-78 miles o f tunnel, opened Deo., 1893. Interest ha
See ^
d®
fauli since July. 1896, and to Oot., 1898, the terms offered
bonds bv Colorado Midlandreorganization-dan (V 64. p. 1224,) had not
been accepted. Busk Tunnel Committee: Messrs. Laoklan, Y oung,
Rowe, A. E. Hambro and J. A. Bryce request deposits. V. 66, p. 1187
B o r l i n g t o n C e d a r R a p i d s & N o r t h e r n R y . —Operates:
«•r.vw vwrvi/iv H JM
l/ /-Leafed—All,slock owned—
Burlington, la., to State Line,
Iowa City & Western RR.,
Minn, (less 11 miles leased)..230
Iowa City to What Cheer,&o. 75
Branches owned to Postville,
Cedar Rapids, I. F. & N. W.,
Riverside, Holland, eto..........204
Holland, la., to Watertown,
Leased—
So. Dak., «feo.......................... 493
Manly Jo. to Norwood............. 11 Ced. Rap. & Clinton RR., Ac. I l l
State Line to Albert Lea, Minn. 12
Total operated Jan. 1 ,1897.1,13ft
H istory .—Successor to the Burl. Ced. Rap. & Minn., foreclosed 1876Stock .—Authorized, $30,000,000; outstanding, $5,500,000; par, $100
The Rock Island Co. is understood to be a large stockholder.
*
’
D ividends — J 1893. 1894.
1895.
1896.
1897.
1898
Per cent.
¿ 3.
3.
3
4
4
4
B onds.—Cedar Rapids I. F. A N. W. bonds are guaranteed (p. & i.)
and so endorsed; the 6s are subject to oall at 105; of the 5 p er
cents of 1881 $825,000 aré reserved to retire the 6s and certain other»
are deposited as collateral under the B. C. R. & N. consol, mort.
Of the B. O. R. A N. 5s o f 1884 (Central Trust Co., Trustee*, bonds aro
reserved to retire, if deemed best, all prior and divisional bonds. For
extensions bonds may be issued at $15,000 per mile for single and $7, _
500per mile for second track, the total author, issue not being limited
Minneapolis A St. Louis bonds due June, 1927, numbered from 1,101
to 1,400,fo r $500 each ($150,000 in all), have been assumed.
E arnings.—8 months, »1898........Gross, $2,687,269; net, $818,201
Jan. 1 to Aug. 31.
j 1897........Gross, 2,550,540; net, 765,495
A nnual R eport .—Fiscal year ends December 31. Annna.1 meeting
is held on last Tuesday in May. Report for 1897 was in V. 66, p. 570.
Year ending Dec. 31— 1897.
1896.
1895.
1894.
Gross earnings.......... $4,292,162 $4,450,035 $4,504,332 $3,748,829
Net earnings..............$1,243,330 $1,083,303 $1,454,372 $1,026,612
Other receipts..........
40,031
28,205
49,480
37,197

Tot. sur. Jan. 1/98. $789.402
$690,328
$729,906
$414,132
-(V . 62, p. 39, 501, 8 6 6 ; V. 64, p. 9 4 8 ; V. 66, p. 5 7 0 .)
B u t t e A n a c o n d a Sc P a c if ic R y . —Operated in May, 1897, Butte
to Anaconda. 26 m iles; branch. Rocker to Butte Hill, about 9 miles,
In June, 1898, it was reported that the line from Anaconda to Stuart,
Mont., formerly part o f Mont. Union Ry. was being operated as theStuart Branch. Bonds authorized at $40.000 per mile. Capital stock
$1,000,000 (par $100). On June 30,1897, ,the Great Northern owned
$490,000 stock and $1,000,000 bonds, and’ June 30, 1897, $700,000
bonds additional were outstanding as collateral for $627,620 loansand bills payable; Anaconda Copper Mining Co. owned $510,000 stock.
For year ending June 30,1898, gross, $937,544; net, $195,298; taxes,
$5,813; interest on bonds and loans, $71,222; balance, surplus, for
year, $418,263. Dividends at 6 per cent per annum in 1897-98.
Calgary Sc E d m o n to n R y .—Owns from Calgary, Canada, t o
Edmonton, Can., >191 miles, and to Fort McLeod, Can., 104 miles.
Leased at cost of operating July 1,1896, for 5 years to Can. Pacific, V.
62, p. 1086. The Government subsidy (of £16,000 per annum for 20
years) and total net earnings will be applicable to payment of in­
terest, the balance of any coupon to receive scrip—redeemable out o f
surplus earnings. On Jan., 1897, coupon 1 p. o. was paid; on July,
’ 97, coupon, II4 p. 0. Jan., 1898,1% p. o. was paid, an i in July, 189
2 p. 0. The land grant was 1,888,448 acres, of which 407,402 acres un­
sold was held (Oct., 1896,) by Government against subsidy. Stock
$1,000,000, par $100. In 1897-8, gross, $357,587; net, $194,379. Re­
port for 1896-7, (V. 65, p. 1170) showed: n et,$67,315. (V. 67, p. 27.)
C alifo rn ia E astern R R .—Owns 30 m., from Blake to Manvel,
Nev., operated in October, 1898. and $684.000 5 per cent bonds, said to
have been sold f o r extension to Calivana, Ne v., 47 miles. A reorgani zation in 1896 of the Nevada Southern Ry. Stock, $588,800.
C aliforn ia dc N evada R R . —See Y. 63, p. 29.
C aliforn ia N orth w estern R y .—Operates under lease the San
Francisco A North Pacific Ry., extending from Port Tiburon, Cal.
(whence ferry to San Francisco, 6 miles), to Ukiah, Cal., 106 miles, and.
branches, 59 miles. Also, in 1898, was about to build an extension o f
60 miles into the redwood forests of Mendocino and Humboldt count­
ies, Cal. Incorporated in March, 1898. Stock authorized, $3,000,000,

O ctober , 1898, J

BAILKOAD

STOCKS

AN D

31

BONDS.

Subscribers w i l l confer a great fa v o r b y g iv in g Im m ed iate notice o f a n y error discovered In tbese T a b le s.
Bonds—Prinol*
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Canada Atlantic—Stock ($1,000,000 is pref.)..........
1st mortgage, gold (see V. 62, p. 277). F . . . — c ' 138 1889
Canada Mich. A Chic.—1st mort. See V. 63, p. 838
459
Canada Southern—S tock ..........................................
1st M. $14,000,000 (Can. money). SeeV.63.p.l88. 404 1878
2d M. for $6,000,000. Canad n money. Do.ao.c&r 404 1883
Learn. & St. ClairlstM ., gold, gu., p.&i.(end)....c*
16 1895
Canadian P a cific—Stock (See text).......................
Pref. stock limited to 4 p. o., non-oumulative___r
Can.Cent.RR.lstand2dmorts.,lstM.s.f.,dr.atl05 269 ’79-’80
Quebec Prov. due on Q. M. O. < O. and N. S. RR. 370 ’82-’83
fe
1881
Can. Pacific, land mort, gold (redeem at 110)—
1st mortgage debenture sterling......................... 3,221 1885
1st mort. on Algoma Branch, gold...............o**r 183 1888
1888
Land grant bonds, int. gu. by Can. Gov’t . . .o*&r
1889
Consolidated perpetual debenture stock............ —
Securities op P rincipal L eased L ines.
Manitoba 8. W. CoL R’y $12,000 p. m., int. guar.g 218 1884
Atlantic & Northwest—1st mort. gold, guar..e*<fcr 350 1887
North Shore Ry.—1st M. C. P. owns $610,767... 205 1883
58 1876
St. Lawrence < Ottawa—1st mort., gold, see text
&
Ontario & Quebec stock guaranteed in perpetuity
Ont. <sQue. deben., interest «mar. in perpetuity.. 671
S
Toronto Grey & Bruce, 1st M., gold, int. as rental. 191 1883
New Brunswick Ry.lstM.,gold,int.fromrental.c* 174 1884
Perpetual consol, debent, stock, int. guar..........
Cape Fear A Yadkin Val.—1st Miseries A,gold.c*«fcr 150 1886
73 1886
1st M., Ser. “ B. ’ gold (2d on 233 m .).............. o*«fer
82 1886
1st ., series C, gold (2d mort, on 225 miles.) .o*&r
Consol, mort., $15,000 per milè, gold.............c*<fcr 329 1889
S. Car.Pao. (leased) lstM .S tatelineto Bennettsv. IOI3 1884

$

$3,000,000
1,000
3,450,000
5 g.
1,000
100 15,000,000 2 in 1898
5
1,000 13,925,000
5
5,650,000
l.OOO&c
130,000
4 g.
1,000
100 65,000,000 4*2 in ’98
4
9.830.666
5 &6
£100<SsC 1.823,333
4*2 & 5
7.000,000
500 «fee. 3.421,500
5 g.
£100 &o 34.998,633
5 g£100 &o 3,650,000
5 g3i2g.
£100 «fcc 15,000.000
4
46,055,870
2,544,000
1,000
£100 &c £1,330,000
$616,120
£100
£50 <s
SO £200,000
$100 $2,000,000
£4,007,381
£719,000
£100
£630,000
£100
£947,872
1,500,000
$1,000
734,000
1,000
820,000
1,000
1,868,700
1,000
104,600
100 < s .
SC

5 g5 g.
5
(6) 4
6
5
4 g.
5 g4
6 g6 g6 g.
6 g.
6

S
J. « s J. N.Y.,Bk.Mont., « sMont. Jan. 5, 1909
S
N. Y., Gr. Cent. Station.
N. Y., Union Trust Co.
N. Y., Union Trust Co.
Montreal, Bk. of Mont.
N. Y., 59 Wall St. « sLon.
S
London, Co.’ s Office.
Montreal.
do
Montreal,N. Y. or Lond’n
London, Baring B. < Co.
fe
do
do
do
do
London, Comp’ys office.

Aug.1,’ 98,1%
Jan. 1, 1908
Mch. 1, 1913
Oct. 1; 1945
Oct. 1, ’98, 2
Oct. 1, ’98,2%
1899 & 1910
M ar.l, 1904-0»
Oct. 1, 1931
July 1, 1915
July 1, 1937
July 1, 1938
Irredeemable.

J. « s D. N. Y., 59 Wall « sLondon
S
S
J. & J. London, Baring B. < Co.
fc
do
do
A. «S O.
s
15J.«SsD. Can. Pao. office, London.
J. «S D. Montreal and London.
s
J. « s D. London, Morton, Rose.
S
J. «S J. Toronto and London.
s
London.
F. «S A.
t
do
J. « s J.
S
J. « s D. Deo., ’93, coup, puroh’ d
S
do
do
J. « s D.
S
do
do
J. « s D.
S
A. « s O.
S
do
do
A. « s 0.
S

June 1, 1934
Jan. 1, 1937
Apr. 20,19 0 4
See text.
June, ’98. 3%>
Irredeemable.
July 26, 2882
Aug. 1,1934
Irredeemable.
June 1, 1 9 1 »
June 1, 19 1 »
June 1, 1 9 1 »
Oct. 1, 1 9 1 »
Oct. 1, 1914

F. & A.
J. « s J.
S
M. « s S.
S
A. & O.
A. « s O.
S
A. & O.
Various
A. « s O.
S
A. « s O.
S
J. & J.
J. & J.
J. & J.
J. « s J.
S

par, $100. Bonds, $2,000,000 authorized, issuable at $25,000 per mile> / Stock .—The company bought of the Dominion Government an annuto be guaranteed by *an Francisco & North Pacific.leased for net profits / ity of 3 p. o. per annum on the common stook for the ten years 1884—
for 20 years from Sept. 20,1898 Pres., G. Palache; V.-Pres., Geo. A. 1893, the last payment having been made in August, 1893. The issue
of preferred stock must never exceed one half the common stook.
P o p e ; Sec. and Comp., Thos. Mellersh.—V. 67, p, 370, 688, 788.
D ividends — ) ’83. '84. ’ 85. ’86-’89. ’90-’93. ’ 94. '95. ’96. ’ 97. '98C alifo rn ia Pacific R y , - See Southern P acific RR.
Common p. o. > 2 ^ 5
4 3 y’rly 5 y’rly 5
0
2 ^ 2*8 4 1
*
C am bria Sc Clearfield R R .—Cresson to Glen Campbell Junction,
Issued in 1894.
4 p. ct. yearly (2 A. & 0.>
48 miles; branches, 49 miles. Stook (par $50) paid in $1,300,550 all Preferred p .c .)
On common in 1898, April, 2 ^ p. o.; October, 2 p. o.
owned by the Pennsylvania RR. Co., which operates the property under
an arrangement terminable at option of eitlrer party. Net earnings are
B onds, D ebenture Stock , G uaranteed B onds, E tc.—In May,
paid as rental. A full abstract of the mortgage was in V. 52, p. 976. In 1888, the oompany relinquished its exclusive right to operate in Mani­
year 1897, gross, $308,621; net, $87,384; interest and taxes, $78,914. toba lines to the International Boundary, receiving the Dominion Gov­
In 1896 gross $326,840; net, $104,812.
ernment guarantee of interest on $15,000,000 of land bonds These’
bonds are a lien on 15,444,200 aores of land subject only to $3,426,000
C am den Sc A tla n tic R R .—See W est J ersey & Sea Shore .
1881, which are redeemable at 110.
C am den Sc B u rlin g to n C ounty R R . —Owns from Camden, N. J., land grant bonds of held against consol, debenture stock in V. 66, p. 528»
List o f securities
to Pemberton. N. J., 23 miles; branch, Burlington, N. J., to Mount Holly,
Canada Central 1st
5s
$850,000 outstand­
7 miles; total, 30 miles. Operated by the Pennsylvania RR., which ing; the 2d mortgage M.6 p.mature Oct. 1, 1899,Nov, 1,1910.
is
c. for $973,333, due
guarantees 6 per cent on stook. Stock, $381,925; par $25. Dividends
In June, 1890, oompany agreed
principal and inter­
in January and July. In 1896, gross, $242,504; net, $21,500; loss to est of $20,000,000 4 per oents, to to guarantee the Duluth South Shore
by the
lessee under rental, $22,915. In 1895 gross, $248,783—(V. 64, p. 373.) & Atlantic; also 4 per cent interestbe issued o f the Minneapolis St. Paul
on bonds
C anada A tla n tic R y .—Owns Ottawa, Canada, to Alburg, Vt., & Sault Ste. Marie. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608.) O f
including bridge over St. Lawrence river, 147^ miles. Uses Vermont the Dul. S. S. & At. consols it owned Jan. 1,1898, $15,107,000.
< Province Line Ry. to Swanton, Vt., there connecting with Boston <s
fe
S
To the Atlantic A Northwest Railroad, crossing the State of Maine,
Maine and Maine Central systems. Also has trackage Lacolle to the Dominion Government grants a subsidy of $186,000 per year tUi
Rouse’s Point, N. Y., 4 miles, there connecting with the Delaware &. 1906 and Canadian Pacific guarantees the balance of interest money.
Hudson and Ogdensburg & Lake Champlain systems. The company
St. Lawrence A Ottawa bonds are endorsed with the Canadian Pacific’ salso runs through trains to Montreal, using the Grand Trunk Ry. from acceptance of a 999 years’ lease at a rental sufficient to pay 4 per oent
Coteau. Montreal, 37 miles, under a traffic contract. Leases for 99 interest ou bonds, and the bondholders’ agreement to aooept Interest
years the Central Counties Ry., extending from Glen Robertson to at 4 per cent (instead of 6 per cent as form erly), and to refrain from
Ilawkesbury, 21 miles, and South Indian to Rockland, 17 miles.
demanding payment of principal during continuance o f lease; the m a­
Ottawa Am prior & Parry Sound Ry.,buUt in Interest of this company turity of the bonds is June 15,1910.
from Ottawa to Parry Sound, 260 miles, was completed in Deo., 1896,
The New Brunswick Railway consolidated debenture stock ha»
but no bonds are expected to be issued thereon before 1899.
Interest guaranteed by C. P.; interest on the first mortgage bonds,
H istory .—Incorporated in 1880, and line completed from Ottawa though not guar, is paid out of rental under 990 year lease o f 1890.
to Alburg in December, 1897. Stock , $2,000,000 common and $1,000,L ands.—Lands unsold Deo. 31,1897, were 16,106,656 acres of Can­
000 preferred. Earnings in year ending June 30,1897, gross, $722,775; adian Pacific grant and 1,173,571 acres of Manitoba South Western grant
net, $247,443. In 1895-96, gross, $612,963; net, $174,359. In 1894-95, and 188,112 acres of Columbia and Kootenay grant. Total sales in
gross, $583,778; net, $150,337. ( V. 66, p. 7 0 6 , 901.)
1897 were 199,482 acres for $665,740; in 1896 were 87,878 acres.
C anada M ic h ig a n Sc C h ica g o.—Bonds worthless. V. 63, p. 838.
G eneral Finances.—The stockholders atthe annual meetingin A pril,
1898. authorized expenditure of $4,695,225 during 1898 for bridges,
Canada Southern R y .—( See Map New York Central A Hudson R.
Railroad.)—R oad—Main line from Suspension Bridge station, inolud-, ballasting, terminals, equipment, eto.; also the purchase of the Colum­
ing the Cantilever Bridge to Windsor, Ont., 226 miles; branohes to bia & Western (33 m iles- see V. 66, p. 757) ana the building o f a lin e
Courtright, Ont., etc., 233 miles; total, 459 miles, of which 100 miles are from Robson to Boundary Creek, 100 miles.
nominally owned by proprietary companies. Trackage, St. Thomas to
E arnings.—8 months, >1898.
Gross, $15,858,247; net, $5,767,393
London, Ont., 15 miles. Double track, 98 miles.
Jan. 1 to Aug. 31. 51897.......Gross, 14,051,811; net, 5,585,960
Organization , Contracts, E tc .—The Company was chartered in
A nnual R eport .—Fiscal year ends Deo. 31. Annual meeting is held
Canada February 28,1868, and debt readjusted in 1878. In Nov., 1882, at Montreal on the first Wednesday in April. The report for 1897 in
a close contract was made with the Michigan Central for 21 years full was in V. 66, p. 515, 526. See also editorial p. 496.
from January 1,1883, providing for the payment to Canada Southern
1896.
Year ending
1897.
1895.
o f one-third the joint income over all fixed charges. The contract Miles operated Dec. 31.
December 31..
6,568
6,476
6,444
provided for a re-apportionment every five years, and in December, Passenger earnings.................. $5,796,115
$4.820,143
$4,683*13»
1892, it was agreed to give the Canada Southern 40 per cent and the Freight.................................
13,187,560
11,877,852
15,257,897
Mich. Cent. 60 per cent of the first $1,000,000 of net earnings, any Mail, express and miscell....... 2,995,522
2,673,894
2,380,047
amount over that to be divided on the basis of one-third and two-thirds,
Total earnings.................... $24,049,535 $20,681,597 $18,941,037
as before. But under the original contract each company is still accorded
60-80
60-50
Per ct. of oper. exp. to earh’gs.
57T6
all benefit from the reduction in its fixed charges; cousequently as the
$8,107,582
$7,480,952
Michigan Central to Jar. 1,1898, had reduced its charges about $327,- Net earnings..............................$10,303,776
511,165
Interest received......................
340,706
552,912
000, that amount is credited to it before division is made V. 64, p. 5.
$10,644,482
$8,618,747
$8,033,864
D ividends .— 1888 ’89 ’90 ’91 ’92 93’ ’ 94 '95 ’ 96 ’97 ’98
6,708,084
6,659,478
Fixed c h a r g e s ...................... 6,783,367
3
3
3
2*$ 2*8 2
2
Since 1887........ 2*2% 2^2 3<2 2 ^
Contingent interest.................
....—
203,890
............
B onds.—Bonds are payable in Canadian currency.- V. 63, p. 188,.
D ividends.......... ...................... 2,964,026
1,612,946
1,231,96»
A nnual R eport .—The report for 1897 was in V. 66, p. 1186; Can­
$897,089
$93,827
Balance, surplus.
$142,42»
ada So. share of earnings, $282,402; other income, $1,642; divi­
dends, $300,000; bal., deficit for year, $15,953.. In 1896 Canada so. —(V. 66, p. 573, 7 5 7 ; V. 67, p. 125, 318, 529, 633.)
share, $296,474; other income, $1,381; dividends, $337,500; balance,
Cape Fear Sc Y a
V alley R
m Wilming
deficit, $39,645. Total surplus Jan. 1 , 1898, $3,600.—(V. 66, p. 1 1 8 6 .) ton, N. C., to Mount d k in 248 m iles; y .—In operation fro tsville, eto.
Airy,
branches to Bennet
C an adian Pacific R y .—R oad—Own a trans continental railway 90 m.; total, 338 miles, of which 10 m. leased. Mostly 50-p ound stee
from Montreal to the Pacific Ocean, made up as follows:
R eceiver
Montreal to Vancouver......... 2,905 Operated auct. of ow n ers.... 732 Decree for .—Mar. 31,1894, Gen.a John Gill was appointed receiver.
sale of property as whole was affirmed on appeal May,
Branches and auxiliaries___ 1,434
Also controlled but op. sep.—
1898; upset price $2,000,000. This decision favors the Baltimore
Leased lines............................ 2,137 IfMinn. St. P. & Sault Ste. M. 1,175 committee named below, who contemplate the acquisition o f the entire
Used jo in t ly ..........................
92 TTDuluth South 8. & Atlantic 584 road by the Seaboard Air Line. (V. 66, p. 899.) An appeal has been
IfSee each co’s statement.
taken to the U. S. Supreme Court. (V. 66, p 1187.) No date o f sale set
Total in traffic returns.......6,568
Committees.—First Mortgage Baltimore Committee—W. H. Blackford,
Crow's Nest Pass. B y.-Su bsidy of $11,000 per mile having been
granted by Dominion Government, Canadian Pacific is building from W. H. Perot, John A. Tompkins, Frank T. Redwood, Basil B. Gordon
and J. W. Middendorf; depositaries, Mercantile Trust & Deposit Co. of
Leithbridge, N. W., to Nelson, B. C., 340 miles.—V. 64, p. 1180.
Trust Co., N.
V. 58,
H istory , E tc .—Incorporated Febi 18,1881, under charter from Do Baltimore or Farmers’ Loan & Committee.—C.Y. Low, p. 1034.
“
York
A.
minion of Canada, receiving $25,000,000 in cash as a subsidy, also andSeries A ” —the New represent “ Series A ” bonds George F. BakerWilliam E. Strong
as distinguished!
25,000,000 acres of land, all to be fit for settlement. The Ontario
<s Quebec, Montreal to Toronto Junction, 334 miles, was leased in 1883 from the conflicting interests o f “ Series B and C.” —V..65, p. 515.
S
fo r 999 years, and its stock and bonds guaranteed. In July, 1890,
R eorganization P lans.—The plans of the two committees were com­
leased the New Brunswick Ry. for 990 years. The Cobourg Northum­ pared in V.61, p. 1153, see also V. 61, p. 830 and V. 62, p. 39,232. The
berland <s Pacific Ry., Cobourg to Central Junction, 49 miles, to be New York plan provides for a rental from the Southern Ry. equal to
S
completed in 1898, has been leased for 999 years. (V. 67, p. 125.) The interest on at least $1,500,000 bonds; the Baltimore plan suggests an
Montreal & Ottawa branch between Ottawa and Alfred, 42 miles, has interest guaranty by the Seaboard Air Line on all the bonds to be is­
been operated since September 5,1898.—V. 67, p. 529.
sued, i. e., $3,900,000, and an issue of $3,200,000 stock.




3Ì*4

IN VESÏO itS' SUPPLEMENT

t V oL. L X Y I I .

S u b s c r ib e r s w i l l c o n f e r a. g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
RAILROADS.
JsorMS—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,Wh. n Due.
For explanation of colnmn headings, &o., see notes of
Amount
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Carolina Central—Old 1st M. bonds, $2,250,000
’81-’94 $ 1,000
See text.
6
& J.
1920
1st consol. M., $3.000,000, g., guar. p. & i /end"
267 1899
<>
»
& J. 1st coup. pay. July, ’99 Jan. 1, 1949
Wilming. Ry. Bridge, 1st & 2d M. (1st M. du e’99)
1>*93
$200,000
is­
& O.
Oct.’99 & 1943
■Car. < Oumberl. Cap—Prior lien, cur., red at par c
£
24 1897
500
60,000
ti
& J. N. Y., Atlantic Tr. Co Jan 1, 1927
Carolina Midland—B. A. & N. 1st mortgage
c
30 1888
500
150.000
6
& A. Bk. of Charleston, a. C Feb. 1, 1908
.
1st mortgage, $720,000...................................
1891
1,000
570.000
6
& O.
Oct. 1, 1931
Carolina & Northwest. —Chester & L.. 1st nfOrtga'ge
100.000
7
& J.
July 1, 1900
• 1st mortgage, $450,000.................................... * 8
1897
500
265.000
5
& N.
1927
Carson < Colorado—1st M. for $3,500,000, g. is.'f".c*<fer 300 1892
&
1,000
2 , 000,000
& J.
In default.
July 1, 1941
Carthage < Adir.—IstM. $1,600,000 g..gu.p.&i.o*<fer
6
43 1892
1,000
Ìg
<
1 , 100,000
& D.
New York City.
Deo. 1, 1981
Carthage Water.<£Sack.Har.—IstM. g.,gu.o.&i.end
29 1891
Ìg
>
1,000
300.000
& J. N.Y.,Grand Cent.Stat’n July 1, 1931
Catasauqua < Fogelsville—1st mortgage, g. p p c"
6
A g1898
1,000
135.000
& J.
4 g.
=
Philadelphia, Pa.
July 1, 1928
Catawissa—Pret. stocks, 5% gu. P. & R. Ry. See text. *98
50
See text.
5
& N. Philadelphia Co.’s office May 18,’98,2»s
Mortgage bonds.......... ........................................... ...
93 1870 500 &o.
1.300.000
7
& A. Phila., Phil. & Read. Ry. Aug. 1, 1900
lbt mortgage (morts. o f 1862 extend, in 1882)*r*
1882
500
230,500
6
& A.
do
do
Aug. 2, 1902
1st consol, mort., $2,215,000, gold........... PP .c*
10*3 1898
1,000
684,950
& O.
do
do
Apr. 1, 1948
Catskill Mountain—First mortgage..................... .
16 1885
50,000
i g& A. C’ skill.N.Y., Tan.Nl Bk. Aug. 1, 1905
1st income bonds..................... .........................
1885
238.000
6
Divid’d pd. Sept. 10,’97. Aug. 1, 1915
Cayuga < Susq.—Stock, 9 p. c. rental D. L.’ & W " "
6
34
30
589,110
9
J. & J New York, 52 Wall St. July, 1898,4^3
Central Branch Union Pacific By.—Stock.........
2,POO,000
1st mortgage, gold.............................................
i o o 1898
2.500.000
4 g. J. & D.
New York.
June 1, 1948
C ent, o f G eorgia B y —1st M.,$7,000,000, g.c*<fcrl 312 1895
1,000
7.000. 000
& A.
Consol, mortgage, $18,500,000, g old ............ c*&r 1,119 1895
* g* F. & N. N. Y. GuarantyTrnst Co. Nov. 1, 1945
1,000 16,500,000
M.
do
Nov. 1, 1945
Mobile Division 1st mortgage ($1,000,000). ..g.c* 124 1895
1,000
1.000.
000 £ g‘ J. & J.
do
Jan. 1, 1946
Macon & North. Div. 1st mort., $840,000, gold.c* 106 1895
%g- J. &
1,000
840.000
do
Jan. 1 1946
Mid. Ga. & At. Div. 1st M.,$9,000 p. m.,eur.,.Gc* Text. 1897
l g1,000
418.000
5 cur J. <
fc
do
Jan. .1 1947
Eatont.Br.lstM.not guar.by Cen.Ga.,g. .call par
21 1896
100
168.000
5 g. J. & D.
19 ¿6
1st pref., incomes )
Interest up to 5 p. e., c*
1895
1,000
4.000.
000 to 5 Oct.
Up
Oct. 1, ’ 98, paid 2 p. o. Nov. 1 1945
■2d do
do
>
if earned,
c*
1895
1,000
7.000.
000 to 5 Oct.
Up
New York, when earned Nov. 1 1945
3d do
do
)
non-cumulative.
o*
1895
1,000
4.000.
000 to 5 Oct. 1
Up
do
do
Nov. 1 1945
Cent. RR.& Bk.coll.trust bonds, go., red.at 110. c"
1887
1,000
4.880.000
5 g. M. & N. N. Y., Guaranty fr. Co. May 1 1937
A nnual R eport .—Fiscal year ends June 30. Report for 1897-98
Earnings—
( 1897....... Gross,
in V . 67, p. 787, gross, $598,206; net, $158,808; taxes and rental, Jan. 1 to Nov. On 100 miles. \ 1896........Gross, $558,897; net, $247.709
395,707; net, 180,049
30— 11 mos.
^$24,578; betterments, $38,704; balance for interest charges (not paid)
J * 1 y?ar 1897 gross on the 100 miles owned were $612,666; net,
.
$63,283. In 1896-97 gross. $558.929; net, $82,831. (V. 65 p, 515 $271,506. In 1896 gross, $445,921; net, $209,588. V. 67, p. 72.
1,023; V. 66, p. 899,1187; V. 67, p. 7 8 7 .
’ *
’
C e n tr a l o f G e o r g ia R a i l w a y . —(See Map) —System includes:
C arolina Central R B .- O w n s from Wilmington, N. C., to RutherL>nes owned in fee.
Miles. | Lines leased—
Miles
fordoon. N.C., 267 miles,of which 2*a m. (Wil. R. Bridge) owned iointly
Controlled by Seaboard & Roanoke and Raleigh & Gaston. New stock: Savannah to Atlanta............. 295 I Southwestern of Ga. RR.—
82
Gordou to Covington.............
M aconto Eufaula.......... .
144
Common, $1,500,000; pref. 5% non-cum., $500,000; par, $100.
Columbus to Birm’ gham,Ala. 156
12
Fort Valley to Perry........ .
Bonds.—In October, 1898, over four-fifths of each class of the com Columbus to Americus..........
«2
Fort Valley to Columbus...
71
pany’s securities had agreed to a plan of reorganization, which was Montgomery to Eufaula, Ala.
79
Smithville to Colum bia. . . .
85
therefore declared effective. Plan was in V. 67, p. 273, and will prob­ Columbus to Greenville, Ga. ' 50
Cuthbert to Fort G aines...
20
ably not require foreclosure. Under its terms a new $3,000,000 4 per Opelika to Roanoke...............
36 Augusta & Savannah RR.—
cent mortgage will be made, and guaranteed principal and interest bv Eufaula to Ozark.................
60
Millen to Augusta...............
53
Seaboard & Roanoke and Raleigh & Gaston. The old 1st M. 6s of 1881 Griffin to Carrollton.......... ...
60 Propr’y Line—Upson Co. RR.
•and IstM . 6s of 1894 will receive $1,250 and $1,100 respectively in Savannah to Tybee.................
18
Barnes ville to Thomaston..
16
the new loan per $1,000 of the old. See guaranty in V. 67. p. 273,
Columbus to Searight............ 122
Bridge bonds were guaranteed by Carolina Cent., Wil. Col. & Aug and Macon to Athens.................... 102
Total operated..................1,523
Wil. & Weldon; old 2d 5s (now lsts) mature $20,000 Oct. 1,1899 and
Ocean Steamship Company,
consol. 5s are reserved for them; $20,000 consols also reserved for
Total owned (and oper’di*. 1,122
estimated equivalent of..-.. 300
new draw for bridge.
Earnings.—In year ending June 30 earnings have been as follow s:
* In addition owns in fee Meldrim to Lyons, 53 miles, now leased to
Georgia & Alabama RR., making total mileage owned, 1,180 miles.
■
Gross.'
Net.
Charges.
Balance.*■896-97..................$607,135
$139,311
$116.332
sur. $22,979
O rganization —Organized Oct. 17,1895, and Nov. 1 succeeded to the
185,138
117,082
sur. 68.056 properties of the Central Railroad & Banking Co. of Georgia sold in
1895-96---- . . . . . . . . 587,695
—(V. 58, p. 1109; V. 59, p. 28, 228, 331, 600; V. 67, p. 273, 735, 842.)
8
J?re and reorganized per plan in V. 60, p. 1008 and V. 61 d 68
Carolina & C u m berlan d G a p R y . —Leased by the Southern Middle Georgia & Atlantic (Milledgeville to Covington, Ga.. 65 miles)
Railway and operated since July 1 ,1 8 -8. as part of the Columbia was purchased Jan. 1, 1897. V. 65, p. 324; V. 62, p. 456- V 64 n 82
130. As to rights in lease o f Georgia. RR., see V. 65, p. 924*. I n 1898
Division. Income bonds, $150,000. V. 67, p. 124, 427,
purchased the entire $250,000 stock
1 Va £ ° ^ n a J iid l a n u R y . —Owns road in operation from Allen projected between Bruton and Pineora, of the Bruton & Pineora Rv
98 miles, of which Bruton to
dale, S. C., to Seivern, S. C., 55 miles. Stock, $540,000; par, $100.
Stiilmore, 38
Road was leased January 17,1896, to the Greenwood Anderson & be completed miles, in operation, and 20 miles additional expected to
in November, 1898. (V. 67, p. 687.)
^ut ?n
4> 1897, the lease was surrendered and
=
Stock — $5,000,000, held by interests friendly to Southern Ry,
turned over to its officers. Earnings.—Jan. i to Aug: 31
T898 (8 months), gross, $37,795; net, $7,460. Jan. 1 to Deo. 31. 12
Bonds— The first mortgage o f 1895 (described in V. 63, p. 1160) is
Sr?1 ! Q
1 ?»’-?r088’ ^
*-897; $59,449 in 1896. Year ending June &first lien on the main line from Atlanta to Savannah, including the
30, 1897, gross, $31,302; net. $17,322; charges, $L1,629; balance, Milledgeville branch (312 miles in all), all equipment and appurten­
surplus, $5,6 9 3 .-V . 63, p. 154,357.
5
v
ances and the equity in $1,995,000 of the capital stook of Ooeau
• C a ro U n a & N o r t h w e s t e r n R y . —Narrow gauge road from Steamship Co. of Savannah. Trustee, Guaranty Trust Co. of New York
Application for listing firsts and consols, on N. Y. Stook Exchange
Chester, S. C., to Lenoir. N. 0., 110 miles, of which 10 miles formerly
trackage was replaced in June, 189**, by the company’s own road was given in full in V. 63, p. 1160.
The consolidated mortgage (see abstract in V. 61, p. 873, also see
A. reorganization February 28, 1897, of the Chester & Lenoir sold in
foreclosure. Capital stock, $350,000; par $50. June 30 1897 in- V. 63, p. 1160) is a first lien upon 530 miles [including form er
;£om£ t>
onds, $25,000; current liabilities, $22,365; current assets Mont. & Eufaula RR.. Sav. & Western and Sav. & Atl.l; also on
the leases of the South Western and Augusta & Savannah roads and
| ‘ 3.822. Year 1897-98, gross, $115,939;
M
i l
the stock or New England Steamship Co., and a second lien upon the
$35,585. President, G. W. F. Harper, Lenoir, N. C. (V. 64, p. 180).
equipment, etc., and
and
» y W ' e e Map N. Y. Central.)—Owns Mobile < Girard. It also covers all also on the Macon & Northern may
fc
leaseholds, securities, etc. It
I aod
1101i e^ to^ Pal*8’ N® York>46 miles. The entire stock, be increased $2,000,000 from $16,500,000 to $18,500,000, at the rate
T
w
? sqq’
J?wned
the -New York Central RR., which in April! of not more than $500,000 in any one year, for betterments and for
Perpetuity and guaranteed its $1,6007000 equipment. The consolidated bonds are the only fixed charge obligabonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)
tion co vering the entire system. Trustee, Mercantile Trust Co. of N. Y.
^ ^ r t h a g e W a te rto w n & S a c K e ii’ s H a rb o r R R .'-jSee Man
Mobile Division bonds are direot obligations of the Central ot Georgia
partbageto Sackett’sHarbor, N. Y., 29 rnilef Ry., secured by a first lien on Columbus, Ga., to Searight, Ala., 122 m.
-Controlled by N. Y. Central, which owns $483,300 of the stock and
Macon < Northern Division bonds are also direot obligations of the
&
guarantees the bonds. Leased to R. W. & O. for 371* p c o f ™ »
ventral Ry., with first lien from Maoon to Athens, Ga., 105 miles.
earnings. Rental in 1896-97, $36.083; in 1895-96. $37 421 ■r iS v lr
Middle Georgia < Atlantic Division bonds are issued at $9,000 per
£
stock $465,845 common and $21,500 preferred.
* ’
' Capital mde, of which $8,000 was for purchase of road and $1.000 retained
by Cent, of Ga. for betterments; subject to the E aio uton Branch
R R . —Owns from Tamanend, Pa., to Williamsport. Pa
P3 miles, and branches, 10 miles. Re-leased Deo. 1,1896, for 999 years bonds, $168,000 on 21 miles, the firsts o f 1897 cover the 65 miles of
-^biladelphia & Reading Railway. Rental, interest on the bonds 5 M. G®. & At. Division. (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
p. 0. dividends on the preferred stock, all taxes, and $8 000 for
The preference income bondsf subject to the prior mortgages, cover
organization expenses. See also V. 63. p. 969,1116. Of the Drefer™? the main line and the former*Savannah & Western, Columbus & Rome,
fc
fc
fc
stocks in 1897 $2,200,000 was first preferred and $1,000,000 second Montgomery < Eufaula, Mobile < Girard, Macon < Northern and
preferred and common was $1,159,500; par$50. Preferred stock mav be Savannah < Atlantic RRs., and their equipment, etc.; also all
fe
issued for betterments and improvements. Of the new 1st consol leaseholds, securities and equities of properties acquired by the new
*1,^30,500 are reserved to retire 7s and 6s due company. They are non-cumulative and bear interest not exceeding 5
.1900 and 1902, and $684,950 remainder issued in exchange for re per cent m any one fiscal year, but payable only out o f net earnings
rnainmg bouds o f the company. V. 66, p. 1139; V. 63, p. 924, 969.
as declared and secured by the deed of trust. On 1st pref. incomes
/y io u u t a ln R a i l w a y . —Owns narrow-gauge road from
f f i
Oot- 1 1897> 1
2
octCatskiU, up the Catskill Mountain, to Palenville, N. Y .f l 6 miles • leases a
Collateral trust mortgage abstract was in V. 45, p. 242.
Cairo RR*. Cairo J unction to Cairo, N. Y., 4 miies; total, 20 miles
Stock, $89,000. There are also second incomes for $15 600 6 t> o'
L atest Earnings— 2 > 1898...............Gross, $866,637 ; net. $262,027
First incomes have one vote for each $100. E arnings— Year ending mos., July 1 to Aug. 31. ) 1897............. Gross, 741,408; net, 196,454
3°, 1898, gross, $47.846; net, $13,420; interest, taxes, etc®
A nnual R eport — Report for 1897-98 in V. 67, p. 687.
$13,331; balance, $89. In 1895-96 gross, $56,986; net, $16,577.
*
Years end. June 30—
189 s.
1897.
$5,280,696
*
nJ K a * O' ' « h a n “ a R R . —Owns from Susquehanna River Gross earnings...................................................$5,507,070
Ithaca, N .Y .,3 4 miles. Leased during length o f charter and renew. Total operating expenses............................... 3,433,777
3,271,594
180,132
J&a Ann;eoi to tbe Uelaware Lackawanna & Western at a rentaf of Taxes.........................
180,968
$54,600 a year. On Dec. 30, 189J, the corporate existence of this Net earnings from operation...........................$1,897,161
$1,828,134
■company was extended for the period of 50 years from Jan. 1,1900
From steamships, etc.....................................
110,275
329,807
Cedar F a lls & M in n . R R . —Merged in Dubuque & Sioux City
Total...........................
$2.007,436
$2,157,941
DEDUCTIONS FROM INCOME FOR YEAR 1897-8.
toCWaterrt]SrKaD^WOl m U «raCi’ lC t t ^*” i)WnSrroIn4t<,ili80n’ K “ i-'
Interest on funded debt$l,536,300 I Total aeduot’s from ine.$1.934 292
Organization .—
-Organized in June, 1898, per plan in V. 66 d 113Q Rentals, etc...................
397,492 |Net incom e....................
73!l44
as successor o f Railway company foreclosed. Missouri Pacific it v»
O fficers— President, H. M. Comer, Savannah, Ga.; Vice-President
understood, owns the capital stock.
0
13
JohnM .E gan— (V. 67, p. 5 2 7 , 529, 68 7.)




RONDS
and

STOCKS
RAILRO AD
O ctobeb , 1898.J




3 4

m V'ESTOKS’

SUPPLEMENT.

[V ol . LXVII.

Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
RAILROADS.
Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Dae.
Amount Rate per
For explanation o f column headings, Ac., see notes of
Par
of
When Where Payable, and by Stocks—Last
on first page o f tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
■Central o f Ga,. M y, (Oon.)—Guar, etc., securities.
Ocean SS. Co. 1st mortgage, gold, guaranteed...c
1890 $1,000 $ 1,000,000
J. & J. N.Y., Guaranty Tr. Co July 1, 1920
A u gu sta* Savannah stock (no bonded d e b t).....
53
100
1.022.900
i g" J. & J.
Savannah, Ga.
Jan., ’ 9 8 ,2^ %
Southwestern o f Georgia stock (no bonded debt) 332
100
5,191,100
5
J. & J. Savannah and Macon. Ja n .,’9 8 ,21
a%
Central Massachusetts—Pref. stock (see text)
100
3.949.900 l ^ i n W J. & D. Boston, 53 State St. June 1,’ 98,%%
1st mortgage....................................
.......¿i
99 1886
1,000
2, 000,000
5
A. & O.
New bonds, debentures, $500,000." I I
'
Oct. 1, 1906
1,000
1895
100,000
5
A. * O. Boston Office & Int. Tr, Oct. 1, 1906
Central N. Y Western—1st mort. $1,000,000* g" "c*
.<&
1892
1,000
242.000
5 g. J. & J. Boston, 53 State St.
Jan. 1, 1943
Central Ohio—Stock ($411,550 of this is preferred)
50
2,860,628
J. & J. New York, 54 Wall St. Jan., 1896,3%
Con. 1st M. (for $2,850,000) now 1st lien, gold c 137 1886
1,000
2.500.000
¿iflg, M. &
Sept.,’ 98, pd.when due. Sept. 1. 1930
C en tra l P a cific—Stook for $68,000,000..
100 67,275,500
1
J. &
N.Y., S.Pao.Co., 23 Br’d. Ju ly,’98, 1
1st mort., ser. A, extended, call, gold
i ........ V
2%
1865
2.995.000
5 (6) g, J. &
140 5 1866 1,000
do
do
Ser. B, C, D, extended, call, gold.......See l
Dec. 1, 1898
i
1,000
3.383.000 5 (6) g. J. &
do
do
Dec. 1. 1899
Series E, gold, extended, 1897, 5s, c a ll) text. (
5 1867 1,000
3.997.000
5 (6) g. J. &
do
do
Series F to I, incl., gold, subject to caU C
J 598 ( 1868 1,000
June 1, 1900
15.508.000
5 (6) g.
&
do
do
1st M. S. Joaquin Yal.Br., g. (s. f .) not drawn
June 1, 1901
146 1870
1,000
6.080.000
6 g. A. & O.
' do
do
U. S. Loan (2d lien)................................
....... 737 1865
Oct. 1. 1900
2.362.000
6 g. J. &
do
do
.................................................... 737 1866
United States Treasury, Jan. 16,1895
1.600.000
6 g. J. &
do
do
.................................................... 737 1867
do
do
Jan. 1, 1896
2, 112,000
6 g. J. *
do
do
do
do
.......................... ...................... *| 737 1868
Jan. 1, 1897
10,614,120
do
do
do
do
.................................................... 737 1869
6g* J. &
Jan. 1, 1898
9.197.000
do
do
f g- J. *
Jan. 1, 1899
West.Pac., San Jose to Brighton, Cal.*,"series"A "g
123 1869
1,000
1.970.000
6 g. J. *
N.Y., S.Pac.Co., 23 Br’d. July 1, 1899
do
series B, 1st M., to Oakland, gold
24 1869
1,000
765.000
6 g. J. &
do
do
July 1, 1899
do
Government lien, gold..
123 1867-9
1.970.000
6 g. Various United States Treasury. 1897 & 1899
Cal. & 0 . 1st M., ser. A, g. (exte’d) ) s. "l""yearly, 296 1868
1,000
5.982.000
5 «• J. & J. N.Y., S.Pao.Co., 23 Br’d. Jan. 1, 1918
Do
do ser. B, g. (exte’d) 5 not drawn.. 296 1872
1,000
4.358.000
Land grant 1st M., gold, guar., extended in 1890.
1870
« g- J. & J. N.Y.,S.Pao.Co. «London Jan. 1, 1918
1,000
2.294.000
Mort. gold 6s, 1936, Id. gr. s. f., not drawn
£ g- A. & O. N. Y,So. Pac. & London. Oct. 1, 1900
1886
1,000
56,000
do
do
Mort. gold, 5s, 1939, Id. gr.,guar., s. f., not dr’n ’ c 1,360 1889
Oct. 1, 1936
%g. A. & O.
<
1,000 12.283.000
5 g A. & O. N. Y. & San Francisco. Apr. 1, 1939
Cent. Pa. & West’n.—Wilkesb. & West., 1st M., g «*
31 1886
1,000
620.000
5 g. J. & J. July,’94, int. to be adl’d. July 1, 1926
Cent. MB. o f N, J .—Stock ($30,000,000 author)
100 22.497.000 4 in ’98 Q .-F . N.Y.Off.,143 LibertySt.
Bonds, secured by consolidated mortgage of 1874
Nov. 1, ’98,1%
1872
1,000
1.167.000
7
M. & N. N. Y., Liberty Nat. Bk. Nov. 1, 1902
Consolidated mortgage (now first mortgage) c*
1874
1,000
3.836.000
7
Q .-J . I
do
do
July 1, 1899
Central M assachusetts H R . —Owns North Cambridge to NorthD ividends— j 1888-’ 93.
1894. 1895. 1896. 1897. 1898.
Mass., 99 miles. The stock is $7,419,202 (par $100), o f which
Per cent.
i 2 yearly.
None.
1
*2
1
1
j 8 preferred and . controls the company until 8 per
cent dividends shall have been earned thereon in any one year.
tke/irs( mortgage bs o f 1865-8, Series A to D, aggregating
CaliforniA0’« ^ ! ^ ^ 6 ^ 0^ ^nd franchises from Sacramento to the
D ividends .....................................<Jan., 1896. 1896. 1897.
1898.
l^a
lifl June, % S ^ S a State line, 140 miles, and Series E to I, aggregating$19.P ercen t............................. . . . . . f l * 2 f o r ’95.
nf’ nlTier tb -ao
<
the State
five miles
Leased to Boston & Lowell for 99 years from 1886, at a rental of 20 west0 of Ogden, o98 ad » Q 1 franchises from have all tin e to extended
west
miles. These bonds
been
® . c. o f gross up to $1,000,000, but with a guaranty of sufficient rental (under agreement m V. 65, p. 4 1 0 ,) until dates shown in table a »ove
>
ffe W S S te R i
y^ r oe* di ng Maroh 31> 1898, gross earnings hArfriF'+A ^ ter^ t’ principal, find interest payable in gold; extended
*
fUlaV6 an\
U
*L68^ 3: organization expenses, $1,500; in- at fid A f ^
i?
rJe° V 0!
at Par>but if cafied interest to be adjusted
410 PT h i h^n/F^n1’ 18? 8, See extension contract, eto., in V t 65, p.
| | M
*2-58* to I896-97r e bonds themselves are deposited with ripever Co N Y
V1 v
_ C e n tr a l Ne w V o r lc & W e s t e r n R R .-R o A D -O le a n to Bolivar, aIq JU.Qt k 19^1’ to facilitate an aiUustment of the Government
^ l 6S;nbra+cl1! ° H°rnellsvllle, 10 miles; Angelica, N. Y., to
i
e
Wayland, 35 mfies: total operated, 35 miles, of which Olean to Bolivar, 8tocT E xcL ng6 .- v a I s ! p . ' s ^ 68 ° f * P° 8it are ll8ted o a t b e ^ Y
»re guaranteed, principal and interest, by the
mortgage fs for $16,000,000, the Metrof » «
politsu Trust Co. of New York being trustee. (V. 49, p. 340.) Spever
& Co. receipts for 5s of 1939 were listed on Exchange in Dec., 1897
v t t f p . * 68' 2s i ; net> i ™ 3 ? reeDei\VV V* 65’ p< 1113- ■Tbe land grant j s o f r9oo oarrv the
,
,R *?*—0 ,wa3 fra™ Bellaire, Ohio, to Columbus, Ohio, 8o~ibern Pacitto s guaranty of principal ana interest. See V. 65, p. 665.
T b e ^ 8 boldings of the sinking funds on Jan. 1, 1897, exclusive
,1
l “! “ 1.® of wkioli Newark to Columbus (33 miles double tracked) is
1 8’
Cin. Chio. & 8t. Louis; operates branch, 7 miles. of the land.grant fund—which see below—were $10,189,000 par value
$p.°35,000 So. Pac. of N. M. 1st 6s; $2,644.000 louthern
^ l2 ®
® '868 of Columbus & Cincinnati Midland and Sandusky Mansfield & M M
Newark were assumed by B. & O.
Pacific Co. Steamship first 6s; $1,788,000 Guatemala Central RR. first
R eorganization .—Under the new B. & O. plan in V. 67. n. 688 nro- 6s; and in addition cash and coupons due Jan. 1, 1897, $460,436.
1 ar iSm Requirement of the Central Ohio, each C *0 4% P
per , 1 ^ 0 &
l -T o t a l L d lgraat ^as about 12,000,000 acres, of which
aa,
?bout 2,840,000 acres had been sold to December 31, 1894. Sales in
* H 7 0 S tbe ? ew ®* * O- Pitts. Junct. W i d
4
* i o o iZ
^Y38’ and each share of stock, common and preferred, i g g p C 6! 4! o ^ 68; cancellations, 17,979 acres. Land contracts on
hand Jan. 1.1897—uncompleted payments, $184,058; principal o f d e­
$100 in B. & O. preferred. See B. & O. statement. V. 67, p. 788.
to B. & O. till 1926, with option o f renewal; rental, 35 p. o. of ferred payments, $853,064; interest on deferred payments, $509,524.
E ar vinos.—2 months, ) 1898....Gross, $2,751,133; net, $1,141.073
bond™1 ^ 8' $ 1896 Court ordered net earnings applied to interest
1
July 1 to Aug. 31
s 1897.. .Gross, 2,839,811; net, 1,343,416
A nnual R eport —Fisoal year (since 1896) ends June 30. Southern
PiflhAr K8
a
stockholders' Committee.—D. O. List, Win. A.
^ raa.e>
Geo. 0. Jenkins and James Sloan, Jr.—V. 66, p. 899. Paoiflo report for 1897-8 shows on acoount of Central Pacific ‘ ‘vross
receipts,” $15,816,012, against $12,742,407 in
7. Abstract©?
inC fii ni8 edi 0i8too^ ol^er^ by ° ? atral Ohio directors was given report for year ending June 30,1897, was given 1896 65, p. 865 878
v
^
in V.
7? * *
^
? lvla% the C. O. earnings and report of scockholders
Committee m Odi l 897, in V. 65, p. 778.° See V. §4, p. 566?778
’ showing gross, $12,639,711; net, $4,990,813, against gross $12.698:114
An??i d?!oftP- a £ 3 i “ ^ tg a g e . etc., on p. 6 of Investors’ S upplement , and net $4,682,152 in 1895-96. For the calendar years results w ere:
A piu, 1896. Sept., 1898, coupons were paid when due.—V. 67, p. 577.
Year ending Dec. 31—
1896.
1895.
1894
Gross earnings......................... $12,527,084 $13,045,657 $13,118,245
D ividends from 1882 to Jan. 30,1896, 6 p. 0. yearly; none since.
Operating exp., taxes, ren ts... $8,355,594 $8,760,489
$8.723 238
i 896'^7 gross, $1,226,528; net, $90,«08; rental Interest on funded debt...........
3,333,102
3,353.926
iEo4oax^iLi1 *iarfc ^y lessee), $429,285; taxes, etc., paid by lessee’ Sinking fund requirem ents.... 3,294,150
1
235,000
235.000
185 000
_
644,574
648,390
599 701
let!$ 1 5 2?98 5 . (V. ^ p ? 4 ^ 7 f ! | | f e j Q 1893"9 6 gr®83’ ^1’ 199-10^ United States requirements_
Betterments and additions....
146,492
237,354
l l l ’787
L l i M o w * d ± mC R a , ~M uesMai> °f 8outhern Pacific.) — oad . —
R
Total ................
$12,675,810 $13,214,335 $12,973,652
ean Franoisco, Cal., to near
* Branches to San Jose, e t c ....
35 Bal. after charges for year... . .df.$148,726 def. $168,678
$144,593
Ogden, Utah......................... 872
Trackage-r—(V. 66, p.573, 856,1088; V. 67, p. 27, 7 2 ,12 4 , 318.)
Lathrop, Cal., to Goshen, Cal. 146 Northern Ry„ Main Line.......
6
Roseville Junction, Cal., to
C e n tr a l R y . o f N e w B r u n s w i c k . —See V. 63, p. 116.
Union Pacific into O gden ....
5
Oregon State Line............... 296
C e n tr a l R R . o f N ew J e r s e y .—(See Map)—R oad —Operates from
Total..................... ...» .« ....1 360 Jersey City, opposite New York City, westerly to Wilkesbarre and
n
A? o m 1?«o
Mar° k . 1885, leased to Southern Paoiflo Company ? in Soranton, Pa., and the neighboring anthracite coal fields; also south­
Deo., 1893, lease was so changed that henceforth the Central P ad tin erly to the seashore resorts along the coast o f New Jersey, eto •
Lines o voned in fee.
Miles. Lehigh & Susquehanna, Philstockholders should receive dividends only if earned (V 58 r> s iq 1
Jersey City to Philliosburg.... 72
In March, 1895, Mr. Huntington undertook on behalf of the
lipsburgto Union Juno., eto. t.172
Sundry branches ....................... 83 W ilkesbarre* Soranton ....... 5
i b6 Centri l1 Pa°.Iil0 shareholders should receive a minimum
Entire stoc/c owned.
«lividend o f 1 per cent yearly guaranteed ,by the so. Pac. until saM^
Lehigh & LaokawannaTT.......... 35
fegfslaf 10n kas been obtained for the adjustment of the debt to Long Branch & Seashore______ 6 Other lines..................................
9
the Government, when the dividend will be increased to 2 per cent for New York & Long Branch RR.,
Allentown Term. (oper. jointly) 3
a guaranteed period o f two years. (V. 60, p. 1144.)
per M ior
Perth Amboy to Bay H ead.. 38
T rackageThe debt to the U. S. Government is either overdue or shortlv to New Jersey South’n RR., Long
Union Coal RR........................... 10
Branch to Atsion, eto............ 78 Lehigh & New England............
2
Other lines (no debt)................. 138 Tresckow Branoh.....................
5
Leased (mostly fo r 999 yrs.) Miles.
Ogden Mine RR. IT
..................... 10
Total operated Jan. 1, 1898..683
etatement in V. 67, p. 74. In Aug., 18 ‘8 , a b i l l to forctose^theSGov Nesquehoning Valley IT............ 17
ernment debt would, it was said, shortly be filed unless a proposSfon
to extend the debt was made. V. 67, p. 318,
p «position
T See this company. 1 See Lehigh Coal & Nav. in “ Misc. Companies.”
l
London Stockholders' Committee. -F . G. Banbury, Chairman* T n ¿kere are 261 miles of second and 30 miles of four tracks. With the
Atooyd, Atwyne Compton, Daniel Marks, Jos Price, A u S Belion^" Balt. & Ohio and the Phila. & Reading operates the “ Blue Line ” be­
Washington and the
ft7d Gei° if6 C?ppel! - - y * 65, P* 4 1 0 ,5 7 0 ,7 2 8 , 1 1 7 2 ;^ ! tween used to Philadelphia,Southwest ana New York, the B. & O. tracks
being
67, p. 124. Opposition London Committee.—W. O. Gun­ tral N. J. to Jersey City. the Reading to Bound Brook and the Cen­
ner, Seoretary, 124 Chancery Lane, London. (V. 66, p. 573.)
H istory .—Chartered in 1849. From May, 1883, to Jan 1, 1887
First Mortgage Committee.—See Speyer & Co., 30 Broad St N Y A
leased to Philadelphia & Reading. Receivers were in possession from
majority of these bonds deposited.—See V. 65, p. 778.
’
Jan. 1,1887, till January, 1888. Reorganized in 1887 without fore­
Oommi’tee Gold os 0/1 9 3 9 .—Speyer & Co., Deutsche Bank and Teix closure—see plan V. 44, p. 714, 716. Operated from February to
eira De Mattos Bros.—See V. 65, p. 665. {
August, 1892, under lease by Port Reading RR. Co. Dividends were
S ubsidy .—I nterest is not payable on subsidy loan till the bonds resumed August, 1889. Concerning coal properties see Lehigh A
mature, but the Thurman” act provides for payments yearly to the Wilkesbarre m “ Miscellaneous.”
sinking fund. See V. 50, p. 276. Jan. 1, 1898, principal due Govern® D ividends .— ( -89. ’ 90. ’ 91. ’ 92. ’ 93. ’ 94. ’95. »96. ’ 97. ’ 98
ment on C. P loan was $25,885,120; interest, $35,852,719; on Westera
Percent.
| 3
6
613 7
7
7
5^
5
4%
4*
Pacific loan, principal, $1,970,560; interest, $3,304,552. Bonds in U S.
sinking fund July 1, 1897, $437,000; cash uninvested, $6,907 968 „ B onds.—Yew Jersey Southern 6s carry the endorsed guaranty o f the
Now York & Long Branch. Central N. J. general 5s are reserved to
»ide^Bnes ^ S e e 3 65 ® 0l1113 agaiast U’ S’ for transportation on non" retire them at maturity. Total Issue $1,500,600, all but $411,000 being
^
]i©ld under tbe Central’s general mortgage.
a




O ctober ,

1898.J




RAILROAD

STOCKS

AND

BONDS.

2 5

2 6

INVESTORS’

SUPPLEMENT.

[V ol. LXVII.

Subscribers w ill con fer a great fa v o r by g iv in g im m e d ia te n otice o f any error discovered in tbese T a b les.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Far explanation o f column headings, &e., see notes of
Par Outstanding Rate per When Where Payable, and by Stocks—Lasi.
of
on first page o f tables.
Road. Bonds Value,
Cent.
Payable
Whom.
Dividend.
Central R a ilroa d o f New J ersey —( Concl'd) —
Convert, debentures, convert, into stock till 1907
1883 $1,000
$465.000
6
M. & N. N. Y., Liberty Nat. Bk. May 1, 1908
Long Br. & Sea Shore 1st m., Highl’ds to L. Br.c*
1,000
é 1869
197,000
7
J. & D.
do
do
Dec. 1, 1899
N. J. So. 1st M., L. Br. to Atsion.etc.(assumed) .c*
600
78 1879
411,000
6
J. & J.
do
do
July 15,1899
Cent.RR.of N. J., Gen.mort.for $50,000,000,g.,c<fcr All. 1887 500Ac. 43,924,000
do
do
July 1, 1987
IT
5 gReal estate bond and mortgages......................... —
—
—
307,100
5
Various N. Y., 143 Liberty St. Various dates
Guaranteed Bonds—
Am.DockA Imp.Co.lstM., gu., redeem, at 110.. . c ' . . . . 1881
1,000
4,987,000
5
J. A J. N. Y., Liberty Nat. Bk. July 1, 1921
N. Y. A L’gB r’h 1st M.,red. in 1899 at 110,gold... c*
1,000
38 1882
1,500,000
5 g. J. & D.
do
do
Dec. 1, 1931
Gen. M., for $2,500,000, g.,P.Amb.to B.Head.c*
1,000
38 1891
192,000
do
do
5 g. M. A S.
Sept. 1, 1041
Leh. & Hud. River, gen. M., g., guar, jointly...c* . . . . 1890
1,000 a 1,062,000
5 g. J. A J. N. Y., Nat. Exch. Bank. July 1, 1920
Central RR. o f Pennsylvania—Bonds, $1,200,000..
1893 500 Ac.
600,000
6
M. A N. Phil.,Fid.I.Tr.A 8.D.C0. May 1, 1943
Oentral o f South Carolina—1st mortgage, g o ld ...c
40 1881
1,000
300,000
6 g. J. A J. N. Y., Cuyler, M. & Co. July 1, 1921
Central Vermont—ConsolidatedRR. of Vt. Is t M ... < 185 1883 100&C.
7,000,000
5
J. A J. July,’96,coup.last paid. June 30,1913
Cent. Vt. 1st consol. M. for $15,000,000, gold.c&r . . . . 1892
1,000
See text.
4 g. J. A J. July,’96,coupon unpaid Jan. 1, 1943
Equipment bonds, gold, drawn at 100 Jan. 1 .....
1,000
375,000
J. A J. U.S.Mort.ATr. Co.,N.Y. $25,000 y’rly.
6 g.
n e w Securities to be I ssued under A mend ED PL AN—
Stock, *3,000,000......................................................
3,000,000
1st mortgage, *12,000,000 gold, traffic guaranty
1898
11,000,000
4 g. Q.—F.
1919
Oentralia < Oheslet'—Receiver’s ctfs., $ 425,000...
6
425.000
6
1st mortgage, $12,000 per mile, gold................ o* ib'ó 1889
i.ò o o
978,000
July 1, 1919
5 g- J. A J. Interest in default.
Chari. Clend.di Sut.—1st M. g.,$30,000 p. m. W .P .o* . . . . 1894
1,000
1,000,000
5 g. A. A O. Phil WstEndT.AS.D.Co Oct. 1, 1944
Charleston Northern—1st mortgage (see text.).. . . . .
800,000 4 & 5 M. A S. Balt., Safe Dep. A Tr.Co. Mch. 1, 1915
Charleston & Savannah—Stock.................. .............
100
500.000
General mortgage, gold.c*................................ .......
103 1886
1,000
1,500,000
7 g. J. A J. N.Y.,12 W.23 A Cha’st’n Jan. 1, 1936
1st and 2d pref. ine., $1,000,000 each, non-cum.. 103 1886
1,000
2,000,000
7
April.
See text.
Irredeemable.
Charl.d West. Oar.—1st M.,g.($8,000 p.m.) Ce..c*&r . . . . 1896
1,000
2,720,000
5 g. A. A O. N. Y., Chase Nat. Bank. Oct. 1, 1946
Income M., g., non-cum., ($7,000 per mile) G ..c* . . . . 1896
1,000
2,380,000
5
October
If earned.
Oct. 1, 1946
Augusta Ry. Terminal 1st M.,g., gu.,p,&i. end.Ce. . . . . 1897
1,000
600,000
6 g. A. & O.
N. Y. Cent. Tr. Co.
Apr. 1. 1947
Chartiers—Stock............................... ..........................
....
50
645,300 10 in ’98 A. <, O.
v
Oct. 1, ’98, 5%
1st mortgage, guar. p. & i. by Penn. R R ............. c
1,000
23 1871
500,000
7
A. A O. Philadelphia, Penn. RR. Oct. 1, 1901
Chateaugay RR.—Stock............ .................................
100
75,000
IT On coupon bonds JAJ; on registered bonds Q .-J .
a Guara nteed jointly with Le high Co al A Navigation Co.
Of the general mort. o f 1887 (see abstract of mort. V. 45, p. 402) $6,076,000 on Jan. 1,1898, were reserved for the prior Cent. N. J. bonds
and also for the following: N. J. Southern 6s. $411,000; Long Branoh
< Seashore 7s $197,000. All the old bonds, it will be noticed, mature
fe
within a few years. Genera) mortgage trustee is the Central Trust Co.
Jointly and severally with the Coal & Nav. Co guarantees $1,062,000
Leh. A Hud. River Ry. Gen. 5s, prin. and int. .See form of endorse­
ment in V. 67, p. 788.
See Yew York < Long Branch bonds in S upplement of Jan., 1897;
&
during 1897 $50,000 general 5s were issued for improvements.
G eneral F inances, Ac.—The $2,310,000 Lehigh C. & N. 6s assumed
were paid Dec. 15,1897. general 5s having been sold therefor. V. 65,
p. 1114, 1219. In April, 1898, the Lehigh A Wilkesbarre Coal Co.,
it was stated, had only *375,000 of loans and bills payable outstanding
that were not held by the Central RR. of New Jersey. The current
liabilities of the latter company Were shown in the balance sheet, V.
66, p. 424. See also V. 64, p. 1041.
E arnings.—8 monihs, > 1898___Gross, $7,928,530; net, $2,976,805
January 1 to Aug. 31. 5 1 8 9 7 ....Gross, 8,040,740; net, 2,959,604
A nnual R eport —Annual meeting is held on Friday next preceding
second Monday in May. The report for 1897 was in V. 66, p. 423.
Year ending Dee. 31.
1897.
1896.
1895.
Passenger and freight........
6,901,557 $6,655,177
$6,766,535
Anthracite coal....................... .: 5,261,282
5,381,111
5,727,229
Mail, express, eto..... .................
535,970
543,162
505,064
N. Y. A L . B. D iv is io n ............
469,964
465,017
476,762
Trackage...........................
43,999
72,884
92,434
Total gross earnings...........$13,212,772 $13,117,350 $13,568,024
Net over expenses and taxes .. $5,044,101
$4,798,782
$5,272,969
Income from investments ....>
„Q . „Q
Q
840,440
773,456
Premium account.
............. 5
»»»,1 09
Lehigh A Wilks. coupons........
*............
Ì428.120
1428,120
Total net income................. $5,742.240 i $6,067,342 $6,474,545
Interest on d e b t.................
$3,027,755
$3,030,029 $2,955,166
Rentals paid............................... 1,627,868
1,641,048
1,691,091
Dividends...................................... (4)899,880 (5)1,124,850 (5)1,124,850
Balance............................. sur.$186,737 sur.$271,415 sur.$703,438
t Not paid in bash, but collectible June 1,1900. See Lehigh A Wilkes.
* Lehigh A Wilkes, coupons, included in other years, omitted in 1897.
- (V. 65, p, 1114,1219; V. 66, p. 4 2 3 ; V. 67, p. 221, 788.)
Central R R . o f P e n n s y lv a n ia .-Owns Bellefonte (Penn. RR.)
•to Mill Hall, Pa. (on Beech Creek RR.) 27 miles; branch, 4 miles;
, operates Nittany Val. RR., 7 miles. Current liabilities June 30,1897.
. $199,557. For year 1896-7, gross, $32.874; deficit under operating
, $7,797; charges, $51,399;deficit, $59,196. Stock, $1,200,000; par, $5o!
C en tral R R . o f South C aro lin a.—Owns from Lane, 8. C., to
Sumter, S. C., 40 miles. Leased to the Northeastern and the Wilmington
Columbia A Augusta RR. companies jointly; rental $31,000 yearly
Stock $170,000, par $50. In year ending June 30,1897, gross, $94,833net over taxes, $35,648. In 1895-6, gross, $98,601.—V. 64, p. 887.
C entral V e rm o n t R R . —Operates from Rouse’s Pointatthe north
end of Lake Champlain across Massachusetts to New London, Conn., on
Long Island Sound, with branches. Svat.Mii includes: See V. 64, w 606.
Jystem innimtaa. «00 v a a p. ana
Entire stock owned—
Miles.
Leased Lines— Con'd.
Miles.
Montpelier & White Riv. R R ,.. 14 Missisquoi V a lley ..................... 28
Stanstead Shefford A Chambly. 43 Montreal Portland & Boston.. 40
Leaded Lines—
Montreal & Vermont June... 23
Consol. RR. of Vt.—
New London & Northern IT
.......158
Windsor to Rouse’s Point,eto.179
Burlington & Lamoille............. 26
Total op’d (TiSee these co’ s.).510
H istory .—Rutland RR. was surrendered May 8,1896, V. 62, p. 868
and Ogd ens. A Lake Cham. March 22,1897. V. 64, p. 567.
*
R eceivership .—On March 19, 1896, Charles M. Hays and E. C
Smith were appointed receivers.—V. 62, p. 588, 634. Interest due Jan.
1, 1897, on the Consol. RR. of Vt. 5s was not paid.—V. 64, p. 82.
P lan .—The opposing interests in Sept., 1898, agreed upon an
amended plan of reorganization (V. 67, p. 735), which provides that
■Consol. RR. o f Ver. 5s receive par in new 1st 4s (see table above) and
cash for interest at 4 per cent from Feb., 1898, and « per cent in stock
for prior un paid interest. The Grand Trunk Ry. will hold a majority of
■the $3,000,000 stock, and under a traffic contract will make good any
deficiency in earnings to meet interest on the new firsts up to 30 p. c
of Grand Trunk gross receipts from traffic interchanged. The new 4
1> c. mortgage is to be for $12,000,000, of which $7,000,000 to be ex­
.
changed ior Consol. RR o f Ver. 5s, $4,000,000 to acquire branch lines
und for other purposes, leaving $1,000,000 in the treasury. V. 66 p
708, 759. See also V. 67, p. 273. In Oct., 1898, the Central Vermont
Railway was about to be incorporated as successor. V. 67, p. 842.
B ondholders ’ Committee .—Consol. 5s.—E. F. Bisco, Samuel E.
.Kilner. New York (Billings estate); Ezra H. Baker (Chairman), of Lee,
Higginson A Co., and Henry D. Day, o f R. L. Day A Co.; depositary;
American.L. & T. Co., Boston; over $5,500,000 deposited.—V. 62, p.
■634; V. 64, p. 516; V. 65, p. 728, 923. See circular, V. 66, p. 899.




Stock .—June 30,1897, the Central Vermont had outstanding $1,000,000 stock *nd Consol, of Vermont $750,000 pref. and $300,000 common.
For securities owned June 30,1896, see V. 64, p. 606.
B onds.—Of,the consolidated mortgage fours for $15,000,000 [trustee
American Loan A Trust Co. of Boston] $3,000,000 have been issued, o f
which $2.896,000 were outstanding (June 30,1896). ns collateral for
loans and $104,000 were in the treasury.—V. 63, p. 358.
A nnual R eport .—Fiscal year ends June 30. Expert Little’ s report
on the property for the three years ending June 30,1896, was given in
V. 64, p. 606. For the three years he charges off a total o f $632,879
for “ additions and betterments” and “ impairment of equipment.”
The results are as follows for fiscal years 1896 and 1895:
Excluding Rutland RR. and Ogdensburg & Lake Champlain, whose
leases have been abandoned by the Central Vt. receivers:
Year end.
Cross
Net
Mr. Little's
Rentals,
Balance,
June 30— earnings, earnings, deductions, taxes, etc. sur. or def.
1896-97.. $3,702,293
$705,139
............
1895-96.. 3,493,580
1,006,018 $177,511 $858,593 def $30,886
1894-95..
3,268,547
987,912
79,545
879,851 sur. 28,516
—(V. 65, p. 923, 976,1219 ; V. 66, p. 708, 759, 810, 899,1043; V. 67,
p. 273, 689, 735, 842.)
C entral W a s h in g to n R B . —See W ashington Central RR,
C en tralla & Chester R R . —Owns Chester, 111., to Salem, HI., 95
m. and Sparta to RosbOrough, 5 m.; total, 100 m. On June 7 ,1 8 9 7 ,0.
M Foreman of Nashville, 111., was appointed receiver—see V. 64, p.
1137. In Oct., 1898, the Farmers’ Loan & Trust Co., Trustee, had
been asked to institute foreclosure proceedings, and applied for the
appointment of a new receiver. V. 67, p. 735, 788. Receivers’ certif­
icates for $200,000 authorized in August, 1897, to complete line from
Evansville to Chester; additional certificates for $175,000 authorized
in Dec., 1897; third issue of $50,000 in March, 1898, and in Sept., 1898,
*75,000, making aggregate amount $425,000.
Stock, $948,000.
Farmers’ Loan A Trust Co., trustee of the mortgage. For year ending
June 30, 1898, gross, $63,671; deficit under operating expenses,
$30,213. In 1896-97, gross, $55,395; deficit, $8,031.—(V. 65, p.
234, 1172,1219 ; V. 66, p. 573.) V. 67, p. 735, 738.
C h arleston C lend en n tn & Su tton R R . —Owns road, com ­
pleted in December, 1895, from Charleston, W. Va., via Clendennin to
Clay Court House, 51 miles, and under construction via Olay Court
House to Sutton, 49 miles additional; in Dec., ’ 97, graded 12 miles from
Clay C. H. Capital stock authorized, *3,000,000; par, $100; outstand­
ing Oct., 1898, $367,300. First mortgage is for $3,000,000.
E arnings .—Year ending June 30,1898, gross, $57,436; net, $20,201;
int. on bonds, *75,000; balance, deficit, $54,779.
President, W. D. Stratton: Secretary and Treasurer, Pierre W.
Briggs, 100 Broadway, New York. V. 61, p. 1012.
C h arleston & N orth ern R R . —See Supplement of Jan., 1898.
Bonds all held by Atlantic Coast Line Co.
C h arleston & S avan n ah R y . —Owns from opposite Charleston,
S. C., to Central RR. at Savannah, Ga., 115 miles, and branoh 6 miles,
all steel. Operates from Ashley Junction to Charleston, S. C., and Cen­
tral RR. of Georgia, crossing to S. F. A W. Ry. at Southover, 11 miles.
Green Pond Walter boro A Branch ville Ry., 14 miles, is controlled in
same interest but operated separately. Belongs to Plant system. In
March, 1898, Walterboro & Western, Walterboro, 8. C., to Ehrhardt,
S. C., 27 miles, was purchased in interest of system.
I nterest —
>1889. ’ 90, »91. ’92. ’93. ’94. ’ 95. ’ 96. ’97On 1st incomes % 5 l 1
a
2 6 6
5 4
4 0 0
E arnings.—10 months, >1897-8..........Gross, $516,100; net, $89,822
July 1 to Apr. 30.
5 1896-7..........Gross, 472,777; net, 124,457
In year to June 30, 1897, gross, $571,109; net, $154,254; other
income, $11,158; interest and taxes, $126,498; balance, surplus, for
year, $38,914. In 1895-6 gross, $536,229; net, $106,699. In 1894-95,
gross, $551,766; net. $112,483.—(V. 64. p. 4 2 1 ; V. 66, 5 1 8 .)
C harleston Sc W e ste rn C aro lin a R y . —Port Royal, S. C .,to
Augusta, Ga., 112 m., and Spartanb’g, Greenville and Anderson,230 m.
H istory .—A reorganization and consolidation Oct. 3,1896, o f th e
Port Royal & Augusta and Port Royal & Western Carolina, purchased
at foreclosure sale by Ttiomas A Ryan, who sold the entire capital stock
and large portion of its issue o f income bonds to Atlantic Coast Line
in December, 1897. V. 66, p. 38, 335.
Stock .—*1,200,000; par, $100. A full statement as to Augusta Ry.
Terminal Co. and its bonds was in V. 66, p. 383.
E arnings. - In year 1896-07 companies now consolidated had gross
earnings, $830,795; net, $236,026. For eight months ending March 31,
1898, gross, $688,906; net, after deducting taxes, $239,246; interest,
*102,000; lease of Aug. Term., *27,000; surplus. $110,246. Presi­
dent, J. B. Cleveland, Spartanburg, 8. C.; Secretary, J. J. Nelligan,
Baltimore, Md. (V. 65, p. 1023; V. 66, p. 38, 335, 383, 953.)
Chartiers R y . —Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Leased till 1971 to the Pittsburg Cincinnati A St. Louis (now Pitts­
burg Cincinnati Chicago A St. Louis); the rental is net earnings.
Capital stock, $645,300 (par $50), of which the Pennsylvania Rail­
road owns $333,850. Dividends since 1886: In 1887,1888 and 1889,

KAILKOAD STOCKS AND BONDS.
O ctober , 1898.]




a 8

INVESTORS’

SUPPLEMENT.

[V ol .

LXYII.

Subscribers w i l l con fer a great fa v o r b y g iv in g Im m ed iate n otice o f an y error discovered In tbese T a b les.
RAILROADS.
Bonds—Princi INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per
For explanation of column headings, &c., see notes of
of
Par
When Where Payable, and bv Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Chateaugay Rfy—1st M., guar. p. & i. D.& H. Canal
39 1887
$200,000
6
& A.
Plattsburg, N. Y.
Aug. 1. 1907
Chalt. Rome < Southern—Rome & Car’ltori lstM .,g
6
19 1885 $100&c
150.000
& J. July, ’92, coup, last pd Jan. 1, 1916
6£
•
O. R. & S. 1st mortgage, $500,000, gold U ........c* 138 1897
1,000
319.000
5 g.
& J. N. Y., Union Trust Co, July 1, 1947
Chattanooga Southern—Stools. ($750,000 is pref.)...
100
3.000. 000
1st mortgage, gold. .................................................
89 1895
none issued,
5 g J. & J.
New York.
1925
Income mortgage, non-cumulative, $750,000___
89 1895
none issued. 5 if earn,
1Q e;
O
Cherry Valley Sharon < Albany—1st mortgage___
£
1869 500 &c
300.000
7
J./yD ./y N.Y.Off] 21 Cortlandt St, June15,1899
■Chesapeake Beach—1st M., $1,000,000, gold.«'o.c*
30 1898
1,000
( )
J. & J. N. Y., J. Kennedy Tod, July 1. 1923
5 g. F. & A.
*•
{Jhes.i Nash.—IstM .,$25,000p.m.,g.,s.f.,not d’m.o* 35
1,000
1887
875.000
5
In default.
Aug. 15,1937
C hesapeake & Ohio—Stock......................................
100 60,547,400
Mortgage 6s, gold, series “ A” See text.......... o* 5 503 1878
1,000
2,013,354
6 g. J. & J.
J. P. Morgan.
July 1, 1908
1st m ort.,of 1911, Penin. Ext., gold. See text.c* ( 75 1881
1,000
2.000.
000 6 g. A. & O.
do
do
Jan. 1, 1911
Ter’l 1st m.,1922, covering 8 m., to Phoebus.g.c*
8
1882 500 &c,
142.000
do
6 g- J. & D.
do
June 1, 1922
1st consol, mortgage for $30,000,000, g o ld . .c’ &r 655 1889
1,000 125,858,000
M. & N.
do
do
May 1, 1939
a g- J. & J.
Rich. & All Div. 1st consol. M., gold. Seetext.o’1 256 1890
1,000
6, 000,000
do
do
Jan. 1, 1989
A g- J. & J.
2d cons. M., Richm. via. Lynchb’g to Clifton F. 256 1890
1,000
1,000,000
do
do
Jan. 1, 1989
Ì g* J. & J.
Craig Valley branch 1st mortgage, gold............c*
26 1890
1,000
650.000
do
do
July 1, 1940
Warm Springs Branch 1st mortgage, gold........ c*
22 1890
K g.
1,000
400.000
5 g> M. & S.
do
do
Moh. 1, 1941
General mortgage (for $70,000,000, etc.) gold..o* 1,174 1892
1,000 Î 24,043,000
do
do
4 g - M. & S.
>
Moh. 1, 1992
Eliza. Lex. & Big Sandy 1st m., g., guar. p. <fci..c* 109 1872
1,000
3,007,000
5 g. M. & S.
do
do
Moh. 1, 1902
Equipment notes.......................................................
271,967
6
Various
do
do
Various.
G uaranteed B onds.
Elevator Co. 1st M.,gold,p. &i. guar, by C. & O.o*
1888
1,000
830.000
A. & O.
do
do
Oot. 1, 1938
2d mortgage, for $500,000, income, non-oum.c*
1888
1,000
315.000
I e- Oct. 1.
Oct. 1, 1988
C. & O. SS. 1st M. deb. red. at par, gu.. p. & i___
1893
£100 a£110,000
J. & J.
London.
Jan. 1, 1909
Greenbrier & New River RR. 1st mortgage.......
1,000
370.000
i 8- F. & A.
Richmond.
Aug. 1, 1942
Manchester city & imp ,bonds (8s, $45,200).......
81,200
5&8
Lo. & J eff. Bdg. I stM. ,$5,000.000, gu.p. &i. ,end. 1T.*c
1895
1,000 113,000,000
M. & S. N.Y., J.P. Morgan & Co. Mch. 1, 1945
Norf. Term’l & Trans. 1st M „ $500,000, gu. p.&i.
1898
500.000
i*
1948
ITGuaranteed jointly and severally with Clev. Icin. C hic. & St. L. t The $2,287 000 6s d
the outstanding issue of which was thereby increa sed to $25,85 8,000. 1 Only $23,7 22,000 li ue July 1,1898, were refunded into consol.ös,
sted O ct., ’ 98. a £10,000 called yearly at par.
1

35 per cent; in 1890, 5 ^ ; in 1891. 7% ; in 1892, 8 ; in 1893, 10; in
1894,10; in 1895, 8; in 1896, 9; in 1897,10 p. c.; in 1898,10 p. c.
E arnings.—For year ending Dec. 31, 1897, gross, $298,423; net.
$141,226. In 1896, gross, $277,523; net, $112,955.
C hateaugay R R .—Operates narrow-gauge road from Plattsburg,
•N Y., on the Delaware & Hudson, to Saranac Lake, in the Adirondack
.
Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt.,
18 miles, and leases the Chateaugay Railway, Lyon Mt. to Saranac
Lake, 39 miles, and the Plattsburg & Dannemora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State
o f N. Y. for one dollar and the free transportation of freight to the
State’s Prison at Dannemora. The Chateaugay Railway is leased for
Interest on its bonds, which are gu a ra n tee principal and interest by
the Delaware & Hudson Canal Co. Built in interest of an ironmining company and to carry summer travel to the Adirondaoks. In
January, 1897, the Saranac & Lake Placid, 10 miles, was leased for 17
years jointly with the Chateaugay Ore & Iron Co. Stock, $75,000 (par
$100); loans and bills payable June 30,1897, $73,048.
E arnings.—In year ending June 30,’ 97, gross, $108,770; deficit under
-operating expenses, $8,759; rentals and taxes, $15,999; balance,
-deficit for year, $24,757. In 1895-96, gross, $96,474; deficit under
operating, $11,287.—V. 64, p. 182.
C h attan ooga R o m e & S ou th ern R R . —Owns road Carrollton,
via Rome, to Chattanooga, TCnn., 138 miles. Successor Sept. 12,
1897, to Chattanooga Rom© & Columbus, which was sold in foreclosure
Jan. 13,1897, to S. Borg & Co., N.Y., for $500,000.
Stock and B onds.—Capital stock is $1,600,000 non-cum. 5 p. c. pref.
stock and $1,600,000 common. First mortgage is for $500,000, and it
4s provided that bonds be reserved to retire Rome & Carrollton 1st 6s
In case an agreement can be made. V. 64, p.753. In March, 1898, suits
t o foreclose the R. & C. mortgage were begun and C. B. Wilburn, Presi­
dent o f the O. R. & S., was appointed Receiver of the 19 miles of R. & C
, E arnings.—Year end. June 30,1897, gross, $220,990; net, $30,892'
In 1895-6, gross, $241,330. In 1894-5, gross, $211,099.—(V. 6&, p. 478.'

in September, 1893, the Chesapeake & Ohio Steamship Co., controlled
by this company, began operations. See below and V. 55, p. 1078.
a
Gomm°.“ stock is $60,498,100; increased from
nnn fl/ urV lnc! 1892 through exchange of practically
all the $25.000,000 of preferred stocks for common stock and general
*£* per cents in certain proportions. First preferred for
a£d 8
?condpreferred for $26,000 only was outstanding July
1,1898. See terms of exchange in V. 54, p. 642.
J
Bonds.—The series A bonds o f 1878 cover, subject to the purchase
money 6», the main line from Richmond, Va., via Charlottesville to
Ashland, Ky., 428 miles, and are equally secured with the Peninsular
Extension 6s by first mortgage on extension to Newport News, 75 miles
The consolidated mortgage due in 1939 is for $30,000,000 (trustee.
Central Trust Company), and sufficient bonds are reserved to
KM mortgage is also secured by deposit in
8.
trust of the $11,000,000 bonds and two-thirds o f the stock of the MavsvIEe & Big Sandy RR., [on road Ashland to Covington, Ky.], and of the
Bridge to Cincinnati, all owned by the Ches. & O. RR. (See abstract, V.
49, p. 147.1
Richmond <t Allegheny Division bonds cover the low-grade freight
route from Richmond via Lynchburg to Clifton Forge and branches.
(Mort. abstracts, V. 51, p. 144.)
The general mortgage o f 1892 (Central Trust Co. and H. T. Wickham
trustees) is for $70,000,000, but additional amounts at $25,000 per mil»
" W 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 con8
°i
issued or to be issued, etc. The balance unissued may be
suid for new acquisitions, rolling stock, età., but not more than
$2,000,000 thereof in any one year. The mortgage covers the entire
property of the company, real and personal, a the time the
rt;
deed was made, and all additional property and mileage
acquired with the proceeds of the bonds. See full abstract of mortgage
in V. 54, p. 644 ; also V. 54, p. 642 ; V. 55, p. 335. In Oct., 1898.
$23,722,000, had been listed on New York Stock Exchange.
The Elizabethan Lexington < Big Sandy first mortgage bonds, interest
£
on which has been reduced to 5 per cent, have been endorsed with the
C. & O. guaranty of principal and interest, and general mortgage bonds
have been set aside to retire them at maturity.
The Louisville < Jeffersonville Bridge bonds, of which $3,000,000
&
are outstanding, are guaranteed jointly and severally by the Chesa­
peake & Ohio aadCleveland Cincinnati Chicago & St. Loms; any deficit
on account 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. & J. Bridge Co.
G uaranties .—C. & O. is also liable as guarantor on the Norfolk Ter­
minal & Transportation 1st mortgage $500,000 and C. & O. Grain Ele­
vator 1st mortgage $830,000.

, i ^ aJtailS oga So»itl»ern R R .—Owns road, completed in June
L
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt
■branch, 3 m iles; trackage to Chattanooga, 5 m iles; sidings and
«purs, 10 m iles; total o f all track, 105 miles. Organized in Jan., 1896
« e successor to Chattanooga Southern Rv., sold in foreclosure Feb 14*
1895, and was to be reorganized per plan in V. 61, p. 830, but hard
times have prevented the issue of the new securities.
new
are to be $5,000 per mile on present mileage
-and $10,000 on extensions. The old bondholders were required to sub«cribe for the new bonds at par to the amount of 25 per cent of their
holdings. In Oct., 1898, no bonds had been issued—see V. 63, p. 401.
O
E arnings.—In year ending June 30,1898, gross, $70,665; def. under the perations, F inances, &c.—Since the reorganization in 1888, when
control
placed
-oper. expenses, $8,553. In 1896-7, gross, $67,821. President, H. A. V trustees, theof the company was greatly for five years in the hands of
property has been
enlarged and improved. This
P o s t; Secretary, E. C. Osborn, 31 Nassau St —(V. 63, p. 823.)
is one of the so-called Morgan-Vanderbilt lines.
The interest charges for the fiscal year 1898-99 are estimated at $3.C h e r a w * D a r lin g to n R R . —In 1898, merged in the Atlantic
1 3 0,l21again st $3,148,172 in 1897-98. V. 67, p. 322. In Jan., 1898,
-Coast Line RR. of So. Carolina. V. 67, p. 31,179.
$1,590,000 4^8 were sold at a price sufficient to pay off all loans and
C herry V a lley Sharon & A lb a n y R R . —Owns from Cherry accounts and provide a cash surplus for working capital.
Valley to CobieskiU, N .Y ., 21 miles. In 1876 road was acquired
The steamship line was formally opened Sept. 7, 1893, and owns
C° »pirates six new steamers, using the railroad wharves at Newport News.
E arnings.—2 months, ) 1898......... Gross, $1,099,894; net, $704,240
C h e sa o e a k e R e a c h R a i l w a y . —To extend from Deanwood, D.
July 1 to Aug. 31. J1897......... Gross, 1,964,109; net, 682,633
•C.’ to Chesapeake Bay, 30 miles. In October, 1898, Deanwood to UdA nnual R eport .—Fiscal year ends June 30. Annual meeting is
Jirt^M^ + ««v0«^nnn0nrtna1'e(lv.an^ r?maininff 18 miles under construc- held at Richmond on the Tuesday preceding the last Tuesday in
tjuu . Stock $1,000,000, authorized; outstanding, $660,000; par, $100
Bonds cannot be caRed. President, Otto Mears; Vice-President and October. Report for 1897-98 was given in full in V. 67, p. 3 i5 . 321.
Treas., John L. McNeil; Sec , Fred’k D MbKenney. Office, 1420 New and showed the following. See also editorial p. 294.
Y ork Ave., Wash., D. C.—V. 67, p. 788.
Traffic.—Of the total tonnhge (7,806,914) in the year 1897-98, coal
and coke furnished 4,062,393 tons, or 52 per cent of the whole;
C hesapeake & O hio R v .—(See Map.;—Operates from Newport product* of agriculture furnished 15 per cent. The average rate re­
News Va., and Washington, D. O., to Cincinnati, Ohio, with branches. ceived on seaboard coal was only 2-59 mills per ton per mile ; on all
Lines owned in fee—
Miles.
Lines centr’ d by stock, etc. Miles. freight, 3-70 mills. Average train load, 225 tons in 1890, 352 in 1896-7
and 379 in 1897-8.
Old Point Comfort and New­
Bridge—Covington, Ky., to
port News via Charlottes­
Year ending June 30—
1898.
2
Cincinnati, Ohio..................
1897.
1896.
ville to Ashland, K y........... 519 Elizabethtown Lexington &
Miles operated................
1,360
1,360
1,360
Richmond via Lynchburg to
Big Sandy RR....................... 103 Passenger earnings.......... $1,954,864
$1,857,898
$1,949,790
Clifton Forge, V a................. 232 Sundry branches..................... 224 Freight............................... 9,262,998
8,389,374
7,810,598
•Buckingham Br. (acqu. in *97)
21 Trackage to Washington................. 85Express, mail and miscel.
570,695
460,911
460,743
Lines controlled by stock, etc.—
L eased......................................
30
Maysville & Big Sandy RR.
Total earnings............$11,788,557
$10,708,183
$10,221,131
Ashland, Ky., to Covington, 144
Total system......................... 1,360 Oper. expenses and taxes. 7,982,307
7,286,769
6,963,153
tSecond track..............
82 Trackage to Louisville.................... 84
Per ct. expenses to earns..
(68)
(68)
(68)
Of the above mileage 19 miles is narro w-gauge road. Of the “ leased”
Net earnings............... $3,806,250
21 miles is on E. L. & B. S. and 9 miles on Washington line.
$3,421,414
$3,257,978
Other income.......... .........
83,628
79,326
23,547
H istory , &c.—The former Chesapeake & Ohio was sold in fore-closure Ajpril 2,1878, and this company organized. In 1888, under
Total and net income. $3,889,878
$3,500,740
$3,281,525
"the direction o f Drexel, Morgan & Co., reorganized without foreclosure, Interest on bonds, &c_
_
3,271,368
3,198,198
3,134,185
.and the road extended to Cincinnati. The consolidation with the Riohinond & Alleghany was consummated in January, 1890. The ElizabethBalance, surplus.......
$618,510
$302,542
$147,340
wn Lexington & Big Sandy and other roads were absorbed in 1892
(V. 66 p. 38,133, 234; V. 67, p. 3 1 5 , 3 * 1 .)




O ctober , 1898.}
R A IL R O A D
STO CKS




30

INTESTOKS’

SUPPLEMENT.

[V ol. LXVIL

Subscribers w i ll con fer a great fa v o r by g iv in g Im m ediate notice o f a n y error discovered In these T a b les.
____________ RAILROADS.
INI
Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Dne.
Amount
------ V J
V .WIIH
s of
of
Pair
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
** ovtu/tM
/CotCTTt—O ILLINOIo L 3 NTRAL
lfiK
Chesapeake < Western—Stock $660,000................
£
$100
1st mortgage, gold ($25,000 per mile) C o .........
27 1896 500 «fee.
Chester Go. Cent—1st M., $800,000g........... F P ..
1,000
1897
Chestnut Hill HR.—Stock, rental P. & R. R y ........
4
....
50
ChAcago & A lto n —Common stock......................... ........
100
....
....
- _ _ . u~Y V M I com .yrtlliy llUuCUlllUldiblVc
ua • D
100
....
Gen. M., Joliet to E. 8t. Louis < for., sterling. ..o ’ 322 1873
fe
£200
8. f .foondsCK. C. 8t. L. <fe0.1stM. col.), gold, not dr’n . o’ 162 1878
1,000
....
City St. L. < C. pref. stock, guaranteed., 162
fe
100
100
r~ « «
7 p.0. stock, perpet.,guar, by C.«feA.
37
....
Louisiana & Mo., guaranteed preferred stock__
100
101
....
1st mort. (guar. p. < i. and later assumed)___
fe
1,000
101 1870
2d mort. (guar. p. & 1. and later assumed)........
1,000
101 1877
„ ver
stock (7 per ot. guar, by C. & A ).. ....
....
100
.l8t
gold, assumed, sink, fund, dr’n at 100.. o'
.... 1877 1,000
....
Chicago Burlington A Northern—Stock $12,000,00C _
100
sink’g fund, redeemable at 105.. o’ 336 1886 500 «feo.
2d M. $3,625,000, red. after May 3 1 ,1 8 9 8 .......o'
342 1888
1,000
equipment mortgage—see text..................... ........
.... 1888 1,000
Funding notes........ ...................................................
. . . . 1894 10,000.&c
Chicago B u rlin gton & Q uincy—Stock, see text, ___
___
100
a?' •oov’ng Oh. Term, (now 1st lien) see text.o* 755 1873
1,000
fund bonds (1st M. as coll.) not dr’n.o*<fei 284 1876
1,000
Uh.BurL <&Q. Iow aD iv., s.f. 5s, drawn at 105..>
( 1879 1,000
--- - £ 1879 1,000
¿owa Div., s. f. mortgage 4s, drawn at 100. c*r (
Sink, fund 4s (So. W. Dlv.) drawn at 100 .... e&r'
1,000
1881
Denver exten. (collat. tr.) b’ ds, s.f. dr’n at 100. c* 415 1881
1,000
Debentures for Han. & St. Joseph stock........ c* . . . . 1883
1,000

$606,075
660,000
5 g. P. & A. Con tin. Trust, N. Y.
Aug. 1, 1945
800,000
5 g. J. «fe J. Fid.,I.T.«feS.D.Co.,Phila July 1. 1947
120,650
6
Q .-M .
Sept. ’98, 1*9%
18,751,100 7*4 in ’97 Q.—M. 5 N. Y., Cuyler.Morg’n ) ^ep.1,’98,
3,479,500 7^4 in ’97 Q.—M I «feCo «feOhie.Tr.Office ( Sep.1,’98, 1%%
.
1%%
4,379,850
J. «fe J. Lond’n,J.S.Morgan«feCo, July 1, 1903
1,722,000
6 g. M. «fe N. N. Y., Cuyler,Morg.«feCo, May 1, 1903
1,750,000
6
|.-P .
do
do
Aug. 1’98, 1*9%
1,500,000
• 7
i . - J. N. Y., U. S. Trust Co. Oct., ’98, 1%%
329,000
7
«fe A.
do
do
Aug.,’98, 31
a%
1,785,000
7
«fe A.
do
do
Aug. 1, 1900
300,000
7
«fe N.
do
do
Nov. 1, 1900
300,000
7
«fe J. Chic., Treasurer’s Offloe July, ’ 98, 3>%
501,000
6 g.
N.Y.,Cuyler,Morg.& Co. Oct. 1, 1912
10,036,500
7,958,000
5
N.Y., F.L.«&T.Co.<feBost. Apr. 1, 1926
3,450,000
6
do
do
June 1, 1918
908,000
5
do
do
Feb. 1. 1903
360,000
6
Apr. 1, 1926
82,926,100 4 in 1897 Q.— . N. Y., Boston and Chic. Sept., ’ 98, lia %
M
28,924,000
7
r. «& J. N. Y., Bk.of Com.cfe Bost. July 1, 1903
a2,315.000
5
fe. <fe O .
do
do
Oct. 1, 1901
b2,818,000
5
do
do
Oct. 1, 1919
c9,050,000
4
do
do
Oct. 1, 1919
d4,300,000
4
do
do
Sept. 1, 1921
e7,968,000
4
«fe A.
do
do
Feb. 1, 1922
9,000,000
5
do
do
May 1, 1913

and ca nceled , $185,0 10; sinking f und asse
3,000, are m isinKing fund uncanoleled and
e n e s a p e a a e O n to & S o u t h w e s t e r n R R .-((T e e Map Illinois
Ventral.)—Louisville, Ky., to Memphis, Tenn., 392 miles, and branch
Elizabethtown to Ceoilian Junction 6 miles, 398 miles; of which is
eased from Louisville < Nashville their Ceoilian branch, 46 miles.
fc
aj^ ^ toev .—Purchased on July 25,1896, by the Illinois Central for
ipi,000,000 at forclosure sale under the second mortgage; first mort­
gage bonds mostly owned by 111. Cent, were subsequently declared due
and payable. V. 65, p. 516. Possession was taken Aug. 1, 1896. The
«Pa
May> 1897, issued a $20,000,000 mortgage covering
Jfi® c . O. & S. W. property—see Illinois Central statement and also V
P- y52. Earnings under receiver were in 1895-96, gross, $2,462,
436; net, $815,646.- V . 65, p. 516.
t>iJle s a I!e a *l e * W e s t e r n R R . —Owns road from Elkton to
Bridgewater, Va., 26’67 miles; trackage, Norfolk < Western to Elkton
fc
Junction, 0*38 mile. Road opened in April, 1896. Projected to tide­
water on Chesapeake Bay. Of the outstandii g stock, $¿>32,800 is
common; $73,275 preferred.
To Oct., 1898, $660,000 bonds issued, but held for account of con­
ju n ctio n company, which is building the road. Mortgage trustee
Continental Trust Co.. N. Y. Year ending June 30, 1898, gross, $23,“ 7i **et after deducting taxes. $614; no interest paid, bonds being
held by construction company. General office, 30 Broad 8t., N. Y.
C h e s t e r C o u n t y C e n tr a l R R . —Organized in 1896 to construct
a road in the counties of Philadelphia, Delaware and Chester, Pa
C h e s te r & h e n o lr ‘N a r r o w C a n g e R R . —See Carolina < N. W
fe
■ C h e s t n u t H i l l R R . —Owns from Germantown to Chestnut Hill,
Pa., 4 miles. Re-leased in 1896 to Phila. & Reading Ry., the rental
being reduced from 12 per cent to 6 per cent on stock.
C h ic a g o & A lt o n R R . —Road—Operates from Chicago to St.
iiouls, Kansas City, eto., owning 542 miles and operating in all 843
miles, o f which 110 miles double tracked.
[Lines Owned—
Miles.
Lines Leased—
Miles
oliet to East St. Louis..............244 Joliet < Chicago—
&
Dwight to Wash, and Laoon... 80
Chicago to Joliet...................... 37
8t. L. Jack. & Ohio. Division—
Louisiana < Missouri Riv.—
&
Bloomington to Godfrey.......150
Louisiana to Cedar City......... 101
Rood house to Quinoy Juno.. . . 37 Kan. City St. L. < Chicago—
fe
Joliet to Coal City, eto.............. 25
Mexico to Kansas City....... ..1 6 2
Other lines.................................
6 Mississippi River Bridge............113

J

_

Heart nding Dec. 31— 1897.
1896.
Mile* operated..........
843
843
Passengers................. $1,961,398 $2,116,243
Freight...................... 4,309,681
4,338,900
Mail, express, e to ...
402,527
385,140

1895.
1894.
843
843
$2,134,155 $2.043,912
4,289,909
3,881,544
378,421
366,780

Total gross earns... $6,673,606 $6,840,283 $6,802,485 $6,292,236
Net earnings............. $2,519,930 $2,801,737 $2,819,492 $2,663,548
Other receipts...........
233,483
234,257
241,525
273.019
Prem’s on new stook..................................................................
344 773
Total receipts.........$2,753,413 $3,035,994 $3.061.017 $3,231,346
Rentals paid............. $489,776
$430,475
$422,772
$632,987
Construct, .equip.,«fee.
36,488
52,378
18,765
26,218
Interest on d e b t.....
585,665
587,959
579,618
527,504
Dividends.................. 1,611,718
1,778,448
1,778,448
1,729,424
Miscellaneous............
47,940
169,401
24,506
168,227
Balance, surplus ...

$31,826

$17,333

*$236,908

$196,986

* In addition $203,705 was paid for old olaims to Wiggins Ferrv Co.
—(V. 64, p. 3 5 7 , 3 7 0 , 866, 887; V. 66, p. 335, 4 2 3 ; V. 67, p. 221.)
C M c a g ° B u rlin g to n & N orthern R R . —(See Map o f O. B. A Q.)
Road from Oregon, 111., to St. Paul, Minn., 343 miles, including traokag® 25 miles (318 miles owned); other trackage, 5 miles; owns from
tulton to Savanna, 111., 17 miles; branches, 6 miles; total, 371 miles.
Completed Aug., 1886.
Stock .—Jan. 1,1896, C. B. < Q. owned $9,840,000 (V. 50, p. 390.)
fc
. B2 ? D8~ 'r £e c - B- * Q- and Chioago < Iowa give a traffic guarantee
fc
for 20 years from 85 of one-half of their net earnings derived From fousiness to and from the Northern (to be not less than $100,000 per year)
tor the retirement of Chioago Burlington < Northern firsts at 105; and
fe
after March 31,1896, the whole issue may be retired at 105. The
amount of firsts outstanding has thus been reduced from $9,000,000
to amount in table. See description of mortgage in Ootober, 1896
Supplement page 1. Funding notes for $230,000 were issued in 1894.
The debentures o f 1896 for $935,000, due Deo. 1,1896, were replaced
by second mortgage 6s.
In y e a r l j ^ g r o s s , $1,839,507; net, $363,343; deficit under interest,
etc., $447,741; in ’95, gross, $2,005,907; net, $459,330. (V. 66, p. 616.)

Total o f all owned and leased(70 lb. steel).................................... 843
Chicago B u rlin g to n & Q u in cy R R . —(See Map.)- R oad . - Ope­
rates a great system o f roads extending from Chioago westerly, reach­
H istory .—R eorganized in Ootober, 1862, after foreclosure. In 1884 ing St. Paul and Minneapolis, Minn., St. Louis and Kansas City. Mo .
consolidated with the St. Louis Jacksonville < Chicago RR.
fe
Omaha, Neb., Denver, CoL, Cheyenne,Wyo., Black Hills, S. D., and Bil­
1187®CK*~In 1332-93 sold $4,636,100 new stock to stockholders at lings, Mont. The accompanying map shows clearly the system.
114 to retire $5,312,000 7 per cent bonds.
Road owned, leased, etc.
Miles.
OontrolVd and operated, t Mile .
L Tl1® Chicago < Alton preferred stock has prior right to a non-oumula- Chioago to Denver, Col...........1,046 Chioago Burl. < Northern___IT 371
fe
&
tlve dividend not exceeding 7 per cent from net earnings and (after Branches and leased lines
Kan. C. St. J. < Conn. Bluffs IT
&
—
payment o f 7 on common) also shares with common in any surplus.
practically owned................ 4,607
Kan. C. to Coun. Bluffs, eto. 310
Used jointly with other Co.’s. 207 St. Louis K. < N. W. (all own’d) 225
&
D ividends .—Pr. ct. > 1881 1882 ’83 ’ 84 ’85 to ’96 incl. 1897-98
Chicago Burl. < Kan. C ity... 236
fe
common and p r e f.... J 8
8
8 10
8 per an.
below
Total system proper............5,860 Hannibal & St. Joseph .......... f 297
2gy
Com. and pref. in 1897, Mar., 2 p. 0. each; June, 1% n.o. each—(see V. Second track............................
94, p. 866, 887); Sept., 1% p. 0. each; Deo., 13i p. o. each; in 1898
ITSeparately described,
Total system, stand, gauge..t7,180
March, 1% per cent each ; June; 1% p. c. ea ch ; Sept., 1 % p. c. each.
t Less 119 m. already included.
Narrow-gauge............................ iyg
L eased L ines.—The Kansas City SI. Louis A Chicago is leased in DerOrganization , «fee. This was a consolidation in July,
petuity from Nov. 1,1877, at rental of 35 per cent of gross earnings Chioago Burlington «&Quincy in Illinois and the Burlington 1875, o f the
< Missouri
fe
Its bonds are held by the U. S. Trust Co. as security for the Chicago River in Iowa. In 1880 the Burlington «fe Missouri in Nebraska was
A
bonds o f 1878, whioh have a sinking fund (in 1896) of $135 - absorbed. The leased lin es are practically owned and there is no charge
690 perannum. Common stock, $271,800, o f whioh $157,600 is owned for rentals in the income account, except as interest on bonds.
by the C. < A. Dividends of 7 per cent per annum were paid on K C
fe
St. L. < O. common till Nov. 1,1894, and $2-81 per share in 1896.
fe
L ands.—Only47,669 aores remained unsold June 30,1898; land notes
The Joliet A Chicago is leased from January 1,1864, for the term of its outstanding, including interest payable, $239,465.
charter, and forms part of the main line. Rental, 7 per cent on stock.
C apital Stock.—The stook has been increased for the acquisition
The Louisiana A Missouri River RR. was leased in perpetuity Aug of new lines, and in 1880 a distribution of 20 per oent was made. Stook
1,1870. Under the agreement of Nov. 13, 1894, the Alton assumed to for $5,595.300 was sold at par to stockholders in February, 1893. In
pay, in lieu of rentals, all interest on the first and second mortgage 1898, $923,300 stook was issued for an equal amount of convertible
foQpds ana their principal when due, also 7 p. o. per annum on the guar- debentures. Y. 67, p. 842.
anteedpreferrecl stock, and also to purchase the L. < vl.R. unguaranteed
fe
Divs.— > ’81-87 ’88 ’ 89 ’ 90 ’ 91 ’92 ’ 93 ’94 ’ 95 ’96 ’97
1898
preferred at $29 50 per share and the common at $10 per share V
4 4 Incl. Sept.. 4%
59. P-1057. Unguaranteed preferred stock is $1,010,000 and common Per cent. f 8 yrly 5 4 5 44* 5 5 4 ^ 4
In 1898, March, li* p. 0.; June, IJ4 p. c.; Sept., l^a p. c.
y2,312,700, neither of which have ever paid dividends In Deo
1897, all but 287 shares o f unguaranteed preferred and 467 shares of
Sinking F unds.—Included in the bonds outstanding in the table
common stock had been purchased by Chicago < Alton.
fe
above are sundry bonds of the company whioh are held alive and
drawing interest for aocount of the various sinking funds.
The Mississippi River Bridge is leased in perpetuity from Deo. 3,1877»
Bonds.—For full desoription.of each loan see the editorial article on
V* 5 $ p* 4 2 ^ 3V°’61 ° 8t°°k
owned by C. < A.) and 6 p. o. on bondsfc
pages 3 to 6 of S upplement of Oct., 1896, and Chronicle V. 63, p. 775.
The consol, mortgage of 1873 is for $30,000,000, of which $1,076,000
G eneral F inances.—The Chicago < Alton Road has been par­
&
fe
ticularly strong in having a large local business between Chicago and reserved to retire a like amount of Ottawa Oswego < Fox River
St. Louis. Its leased lines are as completely controlled as if owned guarantee d bonds. The consols are a first mortgage or first
collateral lien on 755 miles of road in Illinois and on Chioago terminal
and the system is very conservatively managed, no extensions’
property, and on payment of $1,076,000 Ottawa Oswego < Fox
&
having been built or new lines acquired of recent years.
River bonds July 1,1900, will embrace its 68 miles additional.
A nnual R eport .—The annual meeting is held in Chicago the first
The Iowa Division bonds are a first mortgage on the main line in
Mondayin April. Annual report for 1897 was in V. 66, p. 423. See also Iowa from Burlington to East Plattsmouth on the Mo. River, 278 miles,
editorial, p. 402. Earnings have be*»» as follows:
and on 122 miles of branches; they are also a first collateral lien on 426







32

INVESTORS’

SUPPLEMENT.

[V o l . L X V lL

Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In these T a b les.
RAILROADS.
Bonds—Prinol
INTEREST OF DIVIDENDS.
Miles Date Size, or
pal, When Du®.
Amount
For explanation of column headings, &c., see notes of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Lust
on first page of tables.
Road. Bonds Value.
Cent
Payable
Whom.
Dividend.
Chicago Burlington dt Quincy—(Concluded)—
Nebraska ext.,$20,000 p. m. (s. f., notdr’n).o*<fer 1,475 1887 l , 000&c f26,110,000
4
M. A N. N. Y., Bk.of Com. A Bost, May 1, 1927
Chicago A Iow a Dlv., collat trust.................. cl 121 1895
1,000
2.320.000
5
F. A A.
do
do
Feb. 1, 1905
Convertible debentures (See remarks)............o'
1890-2 100 Ac. 14,240,600
5
M. A 8 .
do
do
Sept. 1, 1903
B. A Mo.RR. in Neb. <Land grant, s. f., dr. at 100> 584 <1878 600 Ac. g8,441,000
6
J. Boston, Bk. of Com’rce, July 1, 1918
Con.M$14000000 ( Exempt, not dr’n till 1908 j
(1878 600 Ac.
5,000,000
6
J,
do
do
July 1, 191$
Burl. A Mo. RR. InNeb., s. f. for At.ANeb.RR.st’k..
1880
1,000 h 3 ,347,000
4
J.
do
do
Jan. 1, 1910
Rep.Val^, 1stM.,gu.,(dr. atlOO) s. f.,$14,000y’ly.c ’’ 0 1879 600 Ac. i t i ,064,400
9
6
J. A J. Boston, Bk. of Com’rce. July 1, 1919
Ottawa Oswego & Fox River, 1st m ortgage___o
70 1870
1,000
1.076.000
8
J. A J. N.Y., F.L. AT.Co. A Bost. July 1, 1900
Atch. &Neb., 1st M., At. to Lin., Neb., etc., guar.c'
146 1878 100 Ac.
1.125.000
7
M. A S. Boston, Bk. of Com’rce. Moh. 1, 1908
2d mort. on Atch. A Neb. RR. (1st M. on bridge)
1887
See text.
6
J. A D.
Boston.
Deo. 1, 1927
Linc’n & N. W. RR.lstM . guar., s.f.lp .c., not dr’n .. ’ ’72 1880
ijoÖÖ
600,000
7
J. A J. Boston, Co.’s Office.
Jan. 1, 1910
O. B. < Q. System—St. L. Keokuk, < N.W . 1st M ...
&
6
1890
See text.
6
F. A A. Boston, C. B. A Q. office Feb. 1, 1930
Chic. < East. Illinois—Com. stock ($15,000 p. mile).
&
Too 6,197,800 2*2 in ’98
New York.
July l ’98,2ifl%,
Pf. st’k, $ 10,000,000,6 p.c.non-cum($10,000 p.m.)
100
5,830,700 6 in 1898 Q.—J. N.Y., Hanover Nat. B’k Oct. 1’98, lia%
1st mort. (s. f. $20,000, no drawings).................. <
j* 107 1877 100 Ac.
2.989.000
6
J. A D. N.Y.,4th Nat.Bk. A Bost. Deo. 1, 1907
Danville & Grape Creek RR.—1st M., assumed..c*
7 1880
1,000
119.000
6
M. A N. Boston. Globe Nat. Bk. May 1, 1920
Extension, 1st mortgage......................................c*
15 1881
1,000
103.000
6
J. A D. N. Y., Fourth Nat. Bank. Deo. 1, 1931
Consol, mortgage (for $6,000,000),gold s. f .......c* 127 1884
1,000
2.788.000
g * . A. A O. N. Y., Central Tr.&Bos. Oct. 1, 1934
Collateral trust bonds, sinking fund...................c*
1887
1,000
42,000
F. A A. N. Y ., Central Trust Co. Feb. 1, 1912
General consol, and first mort. $30,000,000..c&r 286 1887 l,000Ac 10,069,000
I * M. A N.
do
do
Nov. 1, 1937
Chic. A Ind. Coal—IstM . $25,000p. m., assumed.c* 174 1886
1,000
4.626.000
5
J. A J. N. Y., Met. Trust Co.
Jan. 1, 1936
Chicago < Erie—Stock (all held by Erie)............. .
&
100
100.000
1st M., gold, Interest guar, till principal is paid.. o* 249 1890
1,000 12,000,000
5 g. M. A N. New York, Erie RR.
May 1, 1982
Income bonds for $10,000,000 5 p. c. non-oum... 249 1890 1,000Ac 10, 000,000
Mostly owned by Erie RR.
Oct. 1, 1982
Terminal 1st mortgage, gold....................................
1888
300,000
J. A J. New York, Erie RR.
July, 1918
Chicago Fort Madison < Des Moines—1st mort.,gold
£
1891
1,000
1.313.000
5 g. J. A J.
1911
Income bonds............................................................
74,750
The Chicago Burlington A Quincy sinking funds for the several loans resnectivelv held »Uta Tht>
a
outstanding: Of g , $4,447,200 July 1,1898*; h , $1,924,000; te, $ 3 0 7 ^ ^ 0 , S e ? e M

1oqq rr.t *],„

,1

.

miles of branches and 86 miles o f second track. These bonds have a
Lines owned in fee.
Miles.
106
sinking fund of l^a per cent ($203,800) yearly, for which the 4s are Dolton to Altamont, 111............224 Double traok....................
s jr
subject to call at 100, the 5s at 105. The single main line and branches Rossville to Sidell, 111............... 34 Sidetracks.....................
Proprietary lines (leased.) Miles.
covered “ shall not exceed in the aggregate 900 miles,” at $16,000 Momenoe to Ind. State line—
Evans. T. H. A Chic. R R .,tf.... 49
per m ile; on second track (of which Jan. 1,1897, there were 88
Juno. Chic. A Ind. Coal R y... 11 Ind. Block Coal R R .................... 13
miles) may be issued an additional $14,000 per mile. (V. 65. p. 462.)
Cissna Juno, to Olssna Park... 11
Trackage, etc.
Denver Extension bonds can be increased only for second track at Ohio. A Indiana Coal Dlv.,Brazil
Otter Cre§k Juno, to Terre H .. 6
$ 10,000 per mile.
to La Crosse, Ind., e$o............ 183 Dolton to Chioago, Oh.AW. Ind. 17
The collateral trust Nebraska extension bonds of ¡1887 (New England
Altamont to Marion and brs.100
Trust Co., of Mass., trustee) are issued at $20,000 per mile for single
Total operated June 30,1898.648
and $10,000 per mile for second track on not exceeding 1,500 miles.
A b s t r a c t o f deed V. 45, p. 441.
H istory , L eases, A c.—Reorganized under existing title in 1877
B,urJ
;inf!ton & Missouri RR. in Nebraska consol, mortgage of 1878 is for In November, 1887, consolidated with Strawn A Indiana Stat®
fl* .0 0 0 ,0 °0, and is now a 1st M. or 1st collateral lien; all exoept the Line Eft. and Chicago Danville & St. Louis RR. (V. 46, p. 135), and on
* 5’09£.’i?00 o f exem‘ t bonds are subject to call for the sinking fund at June 6,1894, with Chioago A Indiana Coal RR. See V. 53, p. ¿ 37; seeP
par, $231,200 having been retired in 1896. The “ exem pt” bonds may also Y. 48, p. 334. Also owns control of Evansville Terre Haute <
fc
be called after 1908.
Chicago RR. and $1,000,000 stook o f the Chioago A Western Indiana—
The 5 per cent debentures of 1890-92 are convertible $ for $ into stook which see, having all the local trafflo of the latter road from Dolton
J“ ? 6 Prior to Deo. 1, 1902, exoept when books are closed. $923,1890, a ten-year trafflo contract was made
300 had been thus converted up to Oct., 1898. V. 67, p. 842. dee with the Evansville A Terre Haute for the operation o f a through line
terms o f conversion on page 5 of the S upplement for Oct., 1896.
between Chicago and Evansville. (V. 55, p. 995.) In Maroh, 1897, th®
Many of the bonds are redeemable (may be drawn) before maturity at Chioago Paduoah A Memphis, 100 miles, was purchased, and a connec­
various prices, plus accrued interest, as stated in the table above.
tion from Shelbyville to Altamont, 25 miles, built. (Y. 64. p. 516.)
G eneral F inances.—The Chioago Burlington A Quincy Railroad
($15,000,000 authorized) is en­
nas been one o f the most profitable in the country, as its numerous titled to all surplus TUeoommonstoofc the preferred stook. In addition
after 6 per oent on
branches tributary to the main line were built into ohoice agricultural to the amounts outstanding in the table, $2,158,800 oommon and $407 territory. Corn, however, being one of the principal articles oarried 100 preferred were held in the company’s treasury June 30,1898.
b y It. Its earnings vary greatly according to the size of the crop.
D ividends — <1888
’89
’90
’91
’92 to Oot’98, inol.
The company’s sinking funds have received to June 30,1898 over
$18,000,000. With this money about $8,000,000 of the company’s
SP
^
®
6 stk.
4^
6 p .o . yearly
First dividend on oommon, 2*a p.o., paidluly 1,1898. V . 66, p. 1038.
bonds have been canceled, while the remainder of the oash not so used
has been Invested for the benefit of the several sinking fund loans
B onds. G uaranties, Ac.—The Chicago A Eastern Illinois guaran­
In bonds that are held alive drawing interest and are therefore
tees the interest on Evansville Terre Haute
Included in the company’s outstanding debt. In 1897-8 the aggregate company) and interest on $150,000 IndianaA Chioago issues (see that
Block Coal 1st 7s
sinking fund income was $1,344,382, of which $778,612 is the amount
Tne general consol, and 1 st mortgage o f 1887 (trustee, Central Trust
oarried direct to the sinking fund and the balance appears in the ao
Company) provides for the retirement of $6,042,000 prior bonds and
counts merely as part interest on funded debt.
„D ebentures aggregating$31,910,900 have been issued; of this amount for issue of bonds on new road at $18,000 per mile for single traok
b®Qds i ° r equipment at $7,000 per mile and for double traok at
$9,000,000 was used to purohase the Hannibal A St. Joseph, from £0
mile. In 1897 the total
bonds
which a good income is received, while $7,647,000 was used to buv $8.000 per $30,000,000 and bonds issue of gen. consol,Chioagowas
limited to
were reserved for
A
other stocks and $15,263,900 for improvements, etc.
Indiana Coal firsts. See V. 64, p. 1088. The gen. consols areAs unencumbered assets, on the other hand, the company owns a
of road, Inoludlng
besides the $14,244,900 Hannibal A St. Joseph stock above meu- linefirst mortgage onvia 154 miles Altamont, etc.; also the
from Rossville
Sidell to
on
tioned, a large amount o f stooks and bonds, a list of the same being
in V. 63 on pages 778 and 877. The road owned unbonded and the equipment valued at $2,355,000, and upon real estate in Chioago oost°Y,e.r •fl.200,000. They also cover 106 miles of double traok from
roads whose bonds are all owned were in 1898, as follow s:
Danville to Dolton, 111., and rest of property subject to prior Uens.
Chicago < Indiana Coal first mortgage o f 1886; trustees are Metro­
£
Northerly Extension, Alliance. Neb., to Billings, Mont., and branches..... ..AKli
politan Trust Company and R. B. F. Pierce.
St. Louis Keokuk & N. W. (all its $15,593,800 bonds owned and unpledged)
Keokuk, la. to St. Louis, Mo. (Net earnings in IS94-95, $691,023»............... 226
G eneral F inances.—This oompanyowns most ot the capital stook
Other lines pf moderate earntng capacity (Oh. B irl. & K. C., eto.) securities
all or nearly all owned and unpledged .........................................................
of the Brazil Block Coal Co., and carries all its coal. It oarries also
the coal or the G-rape Creek region.
An article covering fully the above points was in Y. 63, p. 775.
On June 30,1898, bills payable, none; Chicago P. A M. oar trust
L atest E arnings.—From July 1 to Ang. 31 (2 months) earnings, notes (including interest), $399,014. In June. 1898, the preferred
including lines controlled, w ere:
8
«took was raised from $4,830,700 to $6,459,600, an increase o f $L.2 months.
Gross.
Net.
Charges.
Balance 628.900. of which $623.900 held in treasury, balance for im prove­
1898.... $7.140.793
$2,674,368
$l,76of<>00
sur. $9llTi8 ments, eto. V. 66, p. 1236.
1897....
6,897,072
2,765,160
1,740,858
sur.1,02 4,302
E arnings.—For 2 months, July 1 to Aug. 3 1 :
Annual R eport .—Fiscal year ends June 30. Report for 1897-98 was
2 mos.—
Gross.
Net.
Other inc. Interest. Bal., su rp „
Chronicle , V. 67, p. 786, 839, 851 (see also editorial, p. 823( 18 9 8 ............. $700,361 $301,166 $55,223
$255,626 $100,763
showing operations, including results of the O. B. A N. and all the 1897 .............
574,724 226,525
22,014
253,164 def. 4.62S
“ controlled” roads, as follow s:
, A£ ii,tT i:‘ R eport .—Fisoal year ends June 30. Annual meeting is held
A
1897-98.
1 «96-97.
in Chicago
the first Wednesday in June. The annual report
Gross earnings........... 1................................$42,800,162
$35,526,186 i p 97-98 wason V. 67, p. 424. The company receives low rates for fo r
in
its
Expenses and taxes................................... 27,810.886
22,661,769 freight, the rate per ton per mile being 51-100 of a oent in 1897-9851-100 in 1896-97; 54-100 in 1895-96; 59-100 in 1894-95. Of the trafflo
_ Nei : .......- ..............................
$14,989,276
$12,864,417 about 64 per oent in year 1893-94 was coal.
Proportion o f expenses to gross earnings
(647s)
(6345)
Other income (approx in 1896 7 )............
534,16 L
Year end. June 30.
1898.
1897.
1896.
383,429
1895.
Miles operat. June 30 648
648
522
522
Total incom e...........................................$15,523,437
$13,2 47,846 Gross earnings.......... $4,221,438 $3,927,610 $4,014,624 $3,667,869Interest, rentals, etc. (approx, in 1896-7) 9,410,645
9,440,000 Oper. exp. A ta x es... 2,619,632 2,423.915
2,433,888
2,508,371
Balance....................................... . .......... $6,082,792
$3.807.846
earnings...........
Dividends................................................ (4ia%)3,690,126 (4%) 3, ¿80,112 P.Netop. ex. to earns.. $1,601,806 $1,503,695 $1,580,736 $1,159.498
0.
(62*05)
(61*72)
(60*62)
(68*38)
Net(inol.oth.income).$1,768,092 $1,661,407 $1,735,380 $1,329,151
Balance ............................................... $2, <92,666
$527,734 Interest p a id ................ 1,083,052
1,002,553
968,995
962,901
Renewal fund.................................... ........... 1,000,000
Rentals........................ 229.651
241,156
234,478
234,959Oiv. on pref. stook. .(6)289,842 (6)289,842 (6)289,842 (6) 289,842
Surplus................................................... $1,392,666
$527,734 Div. on 00m. stock.. (2*a) 154,945
......................................
The operations o f the system proper have been:
Fear end. Dec. 31 1896.
Balance...................... sr.$10,602 sr.$127,855 sr.$242,065 df.$158,551
1895.
1894.
1893.
- ( V . 65, p. 665, 7 2 4 ; Y. 66, p. 1088,1139,1236; V. 67, p. 1 7 6 ,4 2 4 .)
Miles operated..
5,860
5,73 0
5,730
5,596
Gross earns...$25,553,073 $24,874,192 $24,667,132 $31,042,969
Chicago Sc Erie R R . —( See Man Erie RR.)—Owns from Marion, O
Net earnings......$8,703,077
$8,163,653
$8,383,066
$9,818,465 to Hammond, Ind., ¿49 miles, and leases trackage over Chioago A
West. Indiana to Chioago, 20 miles. Praotioally merged in Erie. RR Co~
842^85 lP*384’ 1000’ 1188’ V ” 67’ P‘
370’ 427> 7 8 6 , 823, 8 3 9 ,
B onds.—The first mortgage (trustees Central Trust Co. and Edward
Chtcago Sc E astern Illin o is R R .—(See M o».;—Operates road Daniels) covers 249 miles of road, the oontract with the Chioago <
fe
(double traok to Danville, 106 miles) from Chioago, 111., to Terre Haute Western Indiana, $1,000,000 of that company’s stook and $240?000
Ind., and the bituminous coal fields. (1TSee this co.)
stook of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.




October,

1898. J




RAILRO AD

STOCKS A N D

BONDS

33

34

INVESTORS’ SUPPLEMENT.

fV o L . L x v n .

Subscribers w i l l con fer a great fa v or by g iv in g im m ed ia te notice o f any error discovered in tbese T a b les.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
Par
of
When
For explanation o f column headings, &c., see notes of
Outstanding Rate per Payable Where Payable, and by
Whom.
Road. Bonds Value.
Cent.
on first page o f tables.
Chicago & Or. Trunk—Northwest Or. Tr., 1st mort,
1st mortgage for $6,000,000, $ (cur.) & £ ...... e&r
2d mortgage (currency).....................................c*<fcr
Chicago G reat W estern —
C. St. P. & K. O. prior loan, red. at 105, assumed.
Deb. stock, cum., g., $30,000,000, div. in cash, g.
Do. cum. dividends, payable in scrip..’. .............
Debfnture scrip (not interest-bearing)..................
Preferred stock A, $15,000,000, 5 per cent, gold.
Do. dividends, payable in scrip........... 1..............
Pref. stock B, 4 per cent $10,000,000...................
Common stock, $30,000,000..................................
C. St. P. & K. C. equip, lease warrants, assumed.
Sterling 5-year notes 6s (no mortgage) gold........
Sterling 5-year notes 5s of 1898 (no mortgage)..
C. G. w. equipment lease warrants.......................
C. G. W. equipment lease warrants.......................
Chicago In d ia n a p . & L ou isville—Com. stock...
Preferred, 4 per cent, non-cum., $5,000,000........
L.N.A.&C., 1st M. Lou.Div.—N.A. to Mich. City.o*
1st M., Chic. & Ind. Div., Chic, to Ind., gold..o*
C. I. & L. refunding mort., $10,300,000, gold, 5s.
Do
gold 6s, Issued for old consols...............
Perry Mathews Buskirk Stone RR., guar.............
Indiana Stone RR., guar..........................................
Chicago Junction—Common stock............................
Chic. Ham. & West., 1st M., $2,500,000, g ...o'& r
Chic. Kalamazoo &Saginaw—Stock ($2,000,000 au.)
1st M., $225,000, gold, subject to call at 103 ...c*
Chic. Lake Sh. & L a st—Divisional bonds (see text)
1 st mortgage, red. at par, g old ................... MC.c*
Equipment, gold, sink, fund (red, at 105.)M €.c*

66
327
327

1880 $500&c.
1880 £100 &0
1882 l.OOO&c

815

1889

288
158
512
512

45

$546,000
5,454,000
6,000,000

2,823,150
9,93*,200
2,220,000
59,518
100
8,073,800
100
3,086,200
100
7,444,190
.,
100 21,200,145
• ...
1,042,950
1896 £100&o
1,454,545
1898 Various
1,000,000
1896
80,000
1898
90,358
_
100 10,500,000
....
100
5,000,000
1.880
1,000
3,000,000
1881
1,000
2,300,000
1897
1,000
3,018,000
1897
1,000
4,700,000
....
250,000
100
100

1895

100
500 &c.
100
1,000

1897
1 1897

1,000
1,000

1897

_

2,200,000
2,000,000
450,000
See text.
720,000
1,200,000
1,310,000

6
6
5

Stocks—Last
Dividend.

J. & J. <N.Y. Meehan. Nat.Bk. Jan. 1, 1910
Jan. 1, 1900
& London.
J. & J. \
J. & J. N. Y., Meehan. Nat. Bk. Jan. 1, 1922

5 g. J. & J. N.Y.,Lon. & Amsterdam Jan. 1, 1934
. M - J. & J. London,R.Benson & Co. July 15,’98,2%
July 15,*98,2%
do
do
4 scrip. J. & J.
No int’ st
1 Nonel
( paid. ]
}

1898-1901
New York City.
M’ thly.
Sem-an. London,R.Benson & Co. 1901 & 1902
1903
London.
Semi-an
18981906
New York.
s g- M’nthly
18991900
New York.
M’nthly
5

7

i g-

July
Aug.
July
July

1,
1,
1,
1,

1910
1911
1947
1947

J. & D. Detroit, Union Tr. Oo. Deo.
July
Mch.
Chicago, Hk
July
do
do

1,
1,
1,
1,

1900
J914
1917
1917

J. &
6
6 g- F. &
5 g. J. &
6 g. J. &
6 g

J. N. Y., Chase Nat. Bank
do
do
A.
do
do
J.
do
do
J.

J. & J. N. Y., CentT Trust Co.

I e- J. & J.

M. & S.
11: J. & J.

General Finances.—The company has been spending a considerable
Chicago F o rt M a d iso n & lie s M o in es t ty .—Road completed
from Fort Madison to Ottumwa, la., 71 miles, in Deo., 1892. On July sum for the reduction of grades, etc., $2,119,000 from sale o f sterling
26, 1898,E .F . Potts was appointed receiver. V .6 7 ,p 222. Capital stock notes and an additional sum from earnings was being so applied in
1,970,200; par, $100; the funded debt was $1,387,750, of which 1896-98, and $182,000 for ballasting, etc., from other sources. V. 66,
74,750 was Income bonds; current liabilities were $29,009. In year p. 235, 283. As to increase of authorized issue of 4 p. o. debenture
ending June 30,1897, gross, 73,813; net, $8,541; charges, $69,173; stock from $15,000,000 to $30,000,000, see paragraph above.
balance, deficit, $60,632. In 1895-96, gross, $95,961; net, $35,506. V.
E arnings.—I n 1898, June 30 to Sept.30 (3 months), gross, $1,469,212;
67, p. 222.
net. $530,480; charges, $236,414; dividend on 4 p. c. debenture stock,
C hicago & G rand T r u n k t ty .—Owns from Port Huron, Mich., to $123,783; balance, surplus, $170,283. For same 3 months in 1897
Elsdon, 326*5 miles; leases Grand Trunk Junction Railway, 4 miles, gross, $1,395,345; net, $479,642; surplus over 4 per cent on debenture
and trackage Chicago & West. Indiana, 4*5 m iles; total, 335 miles. stock, $144,410.
Stock, $6,600,000 in $100 shares. The Grand Trunk of Canada
A nnual R eport .—Report for 1897-98 in V. 67, p. 423,433, showed:
gives a traffic guarantee of 30 per cent of its gross earnings on inter­
Tear ending June 30.
1898.
1897.
1896.
changed traffic. Third mortgage for $6,000,000 was authorized in Total gross earnings....................... $5,386,044 $4,680,859 $4,709,820
April, 1893, but w ill not be issued to the public. On Jan. 1, 1898, in­ Net in com e...T T Z .......................
1,435,671
1,100,272 1,255,577
terest due was $225,078; sundry outstanding accounts and wages, Rentals (incl. e q u ip m e n t)........
448,613
434,207
436,602
1,909,085; contra, cash $81,596; “ sundry assets,” $567,685, and traffic
priority
141,157
141,158
141,158
balances, $89,502. Grand Trunk Ry. owned Dec. 31,1897, £260,210 Interest sterling, loan....................
do
etc., loans.........
111,062
69,594
45,334
firsts, £605,753 seconds and $5,806,322 stock.
Int. in cash on 4 p.o. deben. stock
1396,524
t364,541
321,908
E arnings.—(5 mos.), > 1898............Gross, $1,542,761; net, $317,526
Jan. 1 to May 31. 51897...... «...Gross, 1,190,890; net, 137,203 ‘
Balance............... , .....................
$338,315
$90,772 $310,575
For six months ending Dec. 31,1897, gross, $1,646,490; net, $186,t Also interest amounting to $95,880 in 1897-8 and $118,411 in
514; charges, $427,255; balance, deficit, $240,741. For year ending 1896-7 was paid with scrip convertible into debenture stock at par.
Dee. 31,1896, gross earnings were $3,151,930; net, $273,256: interest
A. B. Stickney, President, St. Paul, Minu. New York Transfer office,
on bonds, $660,000; rentals, etc., $207,395; balance, deficit, $594,139, 18 Wall S t—(V. 67, p. 2 1 9 , 4 2 3 , 4 3 3 , 481, 633.)
paid by Grand Trunk of Canada under traffic agree naent. In 1895
C hicago H a m m o n d dc W . t t t t .—See Chicago J unction R y .
gross, $2,796,178; net, $99,371. (V. 60, p. 794.)
Chicago In d ia n a & E astern R y . —Owns Swayzee, Ind., to
C hicago Great W e ste rn t t y .—(See Map.;—R oad .—Operates the
“ Maple Leaf” route, radiating from Oelwein, la., northerly to St. Paul, Matthews, 22 miles. In Oct., 1898, Converse to Richmond, 51 miles,
under construction. Stock authorized, $10,000 per m ile; outstanding
easterly to Chicago and southerly to Kansas City, and embracing :
Lines Owned —
Miles. I Trackage, etc.
Miles. Oct. 1,1898, $100,000.
President, Eugene Stewart; Sec. and Treas., John H. Miller, FairOhio. St. P. & Kan. City Ry.—
|St. Paul to Minneapolis............ 11
Chicago terminals (V.65, p. 521) 10 mount, Ind
Chicago to St. Paul, Minn.,
and St. Joseph, M o............ 690 Dubuque to A ik e n .................... 16
Chicago In d ia n a p o lis & L o u isv ille t t y .—( See Map.)—Oper­
3 ates the - Monon Route” from Chioago, 111., via Monon, Ind., to Indian­
Branches to Hayfleld, etc__ 131 Des Moines terminals........ .
Bee Creek to Beverly (nobds.). 23 Leavenworth to Kansas City.. 46 apolis, Ind., and Louisville, Ky.. with branches—the system including:
Oper, under contract—
Miles.
Lines owned—
Miles.
Total operated................................................................. .................... 930
Line to Indianap. 162 Chioago to Ind. State Line....... 20
The Leavenworth Terminal Ry. & Bridge is used into Leavenworth. Indiana Stateto Michigan City .289 New Albany to Louisville........ 5
New Albany
In Sept. 1898, the Chicago Gt. West, was running a preliminary line Bedford to Switz City.............. 40 Connection in Indianapolis___ 2
from Hampton, la., to Omaha, Neb. V. 67, p. 481.
Orleans to Fr. Lick Springs___ 18
H istory .—The Chicago St. Paul & Kansas City was organized in
Total of all............................536
May, 1886. and in December, 1887, merged with Minnesota < North
&
A
(of whose stock
western, chartered in 1854. First mortgage coupons, Jan. 1, 1890, this lease for 999 years with Chioago & Western Indiana a mileage basis.
oo. owns $1,000,000) gives entrance to Chioago on
to July 1,1892, inclusive, were funded into priority loan for $2,823,H istory .—Successor July 1,1897, of the Louisville New Albany &
150. In August, 1892, reorganized per plan, Vol. 55, p. 856. Each
$1,000 of Minn. & N. W. and Chi. St. P. & K. C. first mort, bonds was Chicago Ry., foreclosed and reorganized per p la n in V. 63, p. 922.
given $500 debenture stock and $600 pref. “ A” stock.
Stock .—In the reorganization, holders of the $9,000,000 old common
On Sept. 7,1893, the Chicago Great Western Co. having thus become buying 2 1 p. o. new preferred at par received 33*3 per cent in new
2
the owner of over 97 per cent of the 1st mortgage bonds and over 99 per common, ana the holders of the $7,000,000 old preferred buying 7 1
a
cent o f the general mortgage bonds, aoquired by deed the title of the p. o. of new preferred at par received par in new common stock.
Chicago St. Paul & Kansas Citv Ry. (815 67 miles), subject to the
B onds
mortgage bears interest from July 1,1897, and is
mortgages, the bonds which it owns being kept alive. It also aoquired seoured .—Refunding road, equipment and securities owned (including
upon all
the title totheLeav. & St. Joseph Ry. (23 miles) .which is unencumbered. $1,000,000 stock the the Chioago tie Western Indiana and $240,000
of
Securities .—The holders of debenture and preferred A stock ap­ stock of the Belt Ry. of Chioago), subject only to the $5,300,000 exiutpoint the finance committee, which exercises general supervision of ing divisional bonds; total authorized issue is $15,000,000, o f which
finances. Additional securities of said issues can be put out, but only reserved to take up existing divisional bonds at maturity, $5,300,000;
with oonsent of a majority of both said classes of stock present at a meet­ to be issued only for betterments and equipment, not to exceed $300,ing. Securities of other issues having a lien prior to preferred A can be 000 in any one year, $2,091,000. Trustees are Central Trust Co., N.
created, but only with oonsent of two-thirds of both classes. The sev­ Y., and James Murdock, of Lafayette, Ind. Bills payable June
eral classes in case of liquidation will have principal paid in gold, ac­ 1898, $100,000.
cording to their priority right to dividends. At extraordinary general
G eneral F
reorganization in 1896-97 reduced the
meetings of holders of debenture stock and preferred A stock collect­ annual fixed inances.—The $1,019,486 to $955,450.
charges from
ively, holders of one-tenth of said stocks outstanding, present or rep­ $2,100,000 cash, of which $700,000 for new terminals,It also provide^
air-brakes ana
resented, constitute a quorum and by a majority vote have power to other improvements, the remainder for floating debt, etc See state­
sanction any modification o f the rights of said stocks. The provisions ment to N.Y. Stock Exchange in July, 1897.—V. 65, p. 194. Listed to
of the several classes of stock and of the trust deed were fully set Oct. 12,1898: Refunding 5s, $3,018,000; refunding 6s, $4,700,000.
forth in the editorial article of the Supplement for October, 1897.
Earnings .—(2 months), ¿1898___..Gross, $603,875; net, $208,715
New Debenture Stock.—The debenture and preferred “ A” stockholders
July 1 to Aug. 31.
51897....... Gross, 610,264; net, 190,104
voted in London Jan. 12, 1898, and the American stockholders
in Chicago on June 1.1898, to increase authorized 4 p. c. debenture * A nnual R eport .—In V. 67, p. 733, show ed:
stock from $15,000,000 to $30,000,000. The purpose is to devote the
Tear end. June 30— 1897-98.
1896-97.
1895-96.
1894-95.
proceeds “ to redeem at the discretion o f the finance committee from 4ross earnings............. $3,323,671 $2,902,760 $3,291,972 $3,067,014
time to time, as opportunity offers at or before maturity, any or all of fe t earnings___ . . . . .
967,663
860,322 1,111,583
996,104
the liabilities of thé company which are a charge prior to the 4 p. o. Dividends received...
75,038
74,400
70,800
78,600
debenture stock,” and for improvements.—V. 66, p. 133, 663,1088.
On New York Stock Exchange in October, 1898, $13,300,000 deben­
Total net income. $1,042,701
$934,722 $1,182,383 $1,074,704
ture stock had been listed. Cash interest will be resumed on all the Interest on bonds.......
745,450
775,450
773,496
740,000
debenture stock when the $280.490 debenture scrip on hand June l,
208,122
234,334
225.991
264,886
1898, shall have been paid out in interest [or dividends if declared] per Rentals, etc................
arrangement of 1894 (V. 59, p. 470) ; $2,220,000 of the debentures
Total....................... ” $953,752 $1,009,784 $1.019,487 $1,004.886
receive their interest in scrip absorbing $88,800 thereof yearly.
Surplus.......................
$89,129 def.$75,062
$162,896
$69,818
D iv id e n d s —
The company paid interest on all debenture stock in
Officers .—Samuel Tnomas, President; John A. Hilton, Sec. and Ast.
cash 1893, 4 p. o., and in cash to holders subscribing and in scrip to Treas.; W. H. Lewis, Treas. and Assist. Sec. (V. 07, p. 319, 689, 73 3 .)
non-subscribers in 1894 and since, 4 p. c. No div. on preferred to June
C hicago J u n ctio n R a ilw a y ,—Owns a belt line around Chicago
1898. Explanation as to dividends payable in scrip in Y. 65, p. 823.
In January, 1898, the company had made good its deficit in income from Hammond to La Grange, 111., 35-20 miles and extension. La
account, and paid all bills payable, and reported itself able to apply Grangeto Franklin Park, 8-87 miles. The Terminal RR. from Chap­
pell to Union Stock Yards, 10-12 miles, is operated by Chic. Juno, (see
all future surplus above interest on debenture stock to dividends.

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EPOELEV^

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WKuiT V \ o a L I

INVESTORS’
SUPPLEMENT.

B
.

CHICAGO, MILWAUKEE
ST. PAUL RAILW AY
U lQ
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fVoi,.

•^oJLenora
Waldo

Kit Carson




pao.

LXYII.

■^V Bend
ver

O c t o b e r , 1898. J

RAILROAD

STOCKS AND

BONDS.

3?

Subscriber» w ill confer a great fa v or by g iv in g Im m ed iate n otice o f an y error discovered In these T a bles.
Bonds—Princi­
INTEREST OR DIVIDENDS.
pal, When Due.
Amount
Par Outstanding Rate
When Where Payable, and by Stocks—
Last
Value.
” Per cent. Payable
Whom.
Dividend.

For explanation of column headings, &c., see notes
on first page o f tables.
M ilw a ukee & St. P aul—Common stock...........
Preferred stock7 per cent yearly, not cumulative. ___
Milwaukee & St. Paul loans—
Iowa & Dakota 1st M., conv. into pref. stock..*o 126
River Div. (8t.P.«fcC.) 1st M. con. into pf.stk.g.o* 129
■Hastings < Dakota 1st M., conv. nto pref. st’k ___
fc
Chic. & Mil. 1st mort. (conv. into pref. stock)..c*
83
'-'uicago Milwaukee < St. Paul loans—
fc
Prior lien consols, convertible into pref . . . ___1,435
•Consol, mort., conv. into pref. stock............... c* 1,435
I. & D. Ext. 1st M., convert, into pref. stock.c* 335
B. W. Div. 1st mortgage Western Union R R..o* 212
Bo. Minnesota Div. 1st mortgage..................... c* 419
Mineral Point Division 1st mortgage............. c* 133
Hast. < Dak. Div., extension, 1st mortgage..o* 395
fc
,
do
do
do
o* 395
Lacrosse < Dav. Div. 1st mortgage................ o* 185
fe
wisc.Val.RR.Co. IstM., Tomah to Merrill, Wis.c 107
Wis. Val. D iv.lst M. s. f., not dr’n ..........» c* 161
Dub. Div. 1st M., s. f., not dr’n ...................... o* 351
Chic. & Pac. Div. 1st M. (Chic, to Kittredge)..o* 120
do Western Div. 1st mort., (see text) gold .o* 1,117
Chic. & Lake Superior Div. 1st mort., g o ld ...o '
68
Wis. & Minn. Div. 1st mortgage, gold................. 230
Fargo & Southern 1st mort.,gold, assumed.......... 119
Ch. Mil. < St. P. Terminal mortgage, gold........ e* ___
fe
Dakota < Great Southern 1st mortgage, gold....... 159
fe
Chicago & Missouri River Div. 1st mortgage... o*
77
Ino. M.,convert., s. f. $80,000 yearly (dr. at 105)o* 525
Gen. mort. (for $150,000,000), gold Series A.c*«fer 5,722
Milw. & North’n 1st mort., Schwarz.to Gr. Bay..o* 126
Consolidated mortgage..................................... o* 362
C h ica g o dt N or . P a c ific — See Chic . T erminal 'T ra nsfer

1869
1872
1873

$100 $46,026,600 5 in 1897 A. & O N.Y.Office,30 Broad St Oc.21’98,2i3%
100 31,818,400 7 per an. A. < O
fc
do
do
Oo. 21,98,3*2%
1,000
285.000
7
J. & J N.Y.,Office,30 Broad St July 1, 1899
$& £
3.040.500
7 g. J. & J, London and New York. Jan. 1, 1902
89.000
7
J. & J, N.Y.,Office,30 Broad St. Jan. 1, 1903
1,000
2.145.000
J. & J.
do
do
Jan. 1, 1903

1874
1,000
183.000
J. &
do
do
Jan. 1, 1904
1875
1,000 10.327.000
J. &
do
do
July 1, 1905
1878
1,000
3.339.000
J. &
do
do
July 1, 1908
1879
1,000
4.000.
000
J. <
fe
do
do
July 1, 1909
1880
1,000
7.432.000
J. &
do
do
Jan. 1, 1910
1880
1,000
2.840.000
J. &
do
do
July 1, 1910
1880
1,000
5.680.000
&
do
do
Jan. 1, 1910
1880
1,000
990.000
do
do
Jan. 1, 1910
1879
1,000
2.500.000
J. & J.
do
do
July 1, 1919
1879
500
1.106.500
J. & J. Boston, Lee Higginson. Jan. 1, 1909
1880
1,000
2.227.000
« s J. N.Y. Office, 30Broad St. July 1, 1920
S
1880
1,000
6.225.000
« s J.
S
do
do
July 1, 1920
1880
1,000
3.000.
000
J. « s J.
S
do
do
Jan. 1, 1910
1881
1,000 25.340.000
S
do
g. J. « s J.
do
Jan. 1, 1921
1881
1,000
1.360.000
J. « s J.
S
do
do
July 1, 1921
i g- J. « s J.
1881
1,000
4.755.000
S
do
5 gdo
July 1, 1921
1883
1,000
1.250.000
S
do
6 g- J. « s J.
do
Jan. 1, 1924
1884
1,000
4.748.000
s
do
do
July 1, 1914
5 g- J. «S J;
1886
1,000
2.856.000
J. « s J.
S
do
rto
Jan. 1, 1916
1886
1,000
3.083.000
i g- J. «S J
s
vo
do
July 1, 1926
1886
1,000
1.291.000
5
J. « s J.
S
do
ao
Jan. 1, 1916
1889
1,000 a 29,174,000
J. « s J.
S
do
do
May 1, 1989
1880
1,000
2.155.000
i g■ J. «S D. N.Y., Ch.MU.«fe St.P.Ry. June 1, 1910
s
1884
1,000 . 5,092.000
6
J. « s D.
S
do
do
June 1. 1913
RR. alnclud ling June 30, 1898, $5, 498,000 in treasury and n »t list ed,
see text.
Mich. Central.) Total mileage in April, 1898 (including Chicago « s In
S
The “ income” bonds of 1886 are convertible into common stock
diana State Line and lines leased from Ch. Junction Ry. < Unton Stock within
fc
after
and have a sinking fund, $80,000
Yards Co., 297 miles. Intersects all the roads entering: the city. From of them60 daysdrawnany dividend day,not obtained for less.
being
yearly at 105 if
Blue Island to McCook, 13-88 miles (double tracked m 1897), the
mortgage of
tracks o f the old Calumet Terminal are used under a longtime lease. $150,000,000, to the United 188? (see abstract in V. 48, p. 830) is for
State** Trust Co., of New York, as trustee,
V. 66, p. 287, 708; V. 65, p. 367, 411.
JS“ °.ovei's the entire railway property and franchises of the company
Organization .—Formed in March, 1898. as a consolidation of the (therein described) subject to prior liens as below mentioned. The
Chicago Hammond « s Western and Chicago « s Indiana State Line in prior lien bonds cannot be extended, but will be paid off at maturity.
S
S
the interest of the Chicago Junction Rys. « s Union Stocks Yards Co .
S
une 30,1898, the following amounts of general mortgage bonds
Leases and operates, in addition to the lines owned in fee, all thé had been issued or were reserved for the purpose indicated, v iz :—
switching and terminal transfer roads owned by the Stock Yards Co.
$23,676 000
Listed on New York Stock Exchange...............................
B onds; —First mortgage o f C. H. « s W. is for $2,500,000 (trustee. E- In treasury of the company (uusold).......................... .
S
5,498,000
BCyde, N. Y.); entire capital stocks of Hammond « s Blue Island
S
RR. ($400,000) and H. « s B. I. Ry. o f Indiana ($80,000) being deposited
S
Total reported by the company as outstanding........
$20174000
as security. V. 64, p. 287. Equipment trusts in 1897, $125,000.
Reserved for prior liens............................................7 . . . .. .
100 168 500
'
'
Officers .—John A. Spoor, President; James H. Ashby. Vice-Pres.: Originallyreservedforpriorlieus.wbich bavesi ice been)
converted into pref. stock. Will even ually beoome >
13.232 500
C. C. Chace, Auditor; L. T. Dudley, Treasurer.—V. 66, p. 287, 708.
available for improvements. (See also below) .
'
Chicago K a la m a z o o & S a gin a w R y .—Projected from Kala­ Available for improvements, etc. (see also below) . .
7,425,000
mazoo, Mich., to Saginaw, Mich., 125 miles, of which 45 miles
Kalamazoo to Woodbury, in operation. In January, 1897, $450 000*
Total authorized............................ ...................... . ......... $150,000,000
stock v a s outstanding. The first mortgage is for $225,000 to Union
T h e$ 29’ l7 4 ,0q0 outstanding include $6,000,000 issued to pay fo r
Trust Co. of Detroit, as trustee ; bonds all iu treasury; hills navable
J a a - b 1397 ’ '$4:96.175. In 1896 gross, $52, L ll ; net, $17,674. Oper­ 17o miles of sundry small bra aches on which the general mortgage Is
ated by Kalamazoo < Hastings Construction Co. President E Wood- a flrst lien, and to retire the $2,500,000 first mortgage bonds o f
fe
Superior Ry., a Chicago suburban road.
fbu ^ L T reag^ B ee^ and Auditor, H. C. Potter, Kalamazoo, Mich.
—
”\V. o l, p. lOoo.)
to rePlaoe prior bonds paid and canceled,
ih e $7,425,000 “ available for improvements, etc.,” of bonds above
* E a s t e r n R y .—Operates about 366
ocules o f track, affording access to the important railroads reaching mentioned are applicable for premiums paid in retiring or refunding
convertible
other prior
bearing a higher rate of inChicago, Milwaukee and Joliet, and also to steamboat lines, stone terest than 4and 0., for cost oflien bonds second and side tracks, real
p.
branches,
quarries, industrial establishments, etc.
estate, bridges, rolling stock, equipment, etc. On July 1,1898, of the
^Form ed in 1897 by consolidation of Calumet < Blue Island Ry. and prior lien bonds outstanding, $19,552,000 (maturing 1899-1908) were
fc
C. L. S. & E. Railway (of Indiana). Capital stock is $650,000.
convertibie
if from time to
B onds.—Divisional bonds, all 6 p. o., due July 1, 1914. were out­ they will setinto preferred stook; general 4s which,time so converted
with the $13.232.standing in Deo., 1897 ; Chicago < Kenosha Ry., $120,000; Chicago 500 reserved free a like amount of
fc
against bonds already converted, will become available
& South Eastern, $270.000; Joliet < Blue Island, $200,000 ; Milw
fc
* .¿ mprovement,8’ E ditions, etc., as soon as the balance ($7,425.000)
RR-. $130,000. First mortgage of 1897 is for $1,200,000; bonds are redeemable at par on interest dava upon 60 da vs of the amount originally reserved for improvements has been so exnotice.
J pe° ded- V- 48. P 830; V. 50, p. 205. N. Y. Stock Exchange to
®°4-’ 4898, had listed
Equipment mortgage is for $1,310,000; sinking fund is $60.000 Der ances,” Y. 65, p. 462, and$23,676,000 generals—see “ General Fin­
V. 66, p. 335.
annum on and after July 1, 1901 ; bonds redeemable at 105 at auv
time ; mortgage covers road (subject to first mortgage) and also is a
G eneral F inances, < c.—Dividends on common stook were resumed
&
L. at lien on 39 locomotives, 2,138 box-cars and 787 coal, flat, «fee in October, 1892. See “ dividends” above.
ears. For year ending June 30,1897, gross, $1,515.623; net. $813nnn«rbl wa8 i,ncreased daring the year 1897-93 by the issue
0 3 $ 3 6 6 , 7 8 0 ; balance, surplus, $146,251. In 1895-6 gross
° i several mortgage bonds and was decreased $5,490 $2,284,277; net, $1,277,336.—V. 64, p. 422; V, 67, p. 428?483.
’ 500 by underlying bonds retired and canceled; of th •latter $2.763 C hicago M ilw a u k e e & St. P a u l R y .—(See Map.)—Operates 5°0 were converted into preferred stook. Of the funded debt there
from Chicago westerly to Omaha, Neb., and Kansas, City. Mo., with 7 as
June 30, 1893, $6 587,000 ( »gainst $5,433 000
du.n_?.?9 ,7 397)’ .°.f which $5,498,000 was general mortgage 4s.
’
Unelî traversing Wisconsin, Minnesota and the Dakotas, including-—
Road.
Miles.
* > in 1897-8 was 178 tons; rate per ton per
4 ad
Road.
Miles.
Lines owned (of which 11
mile, 0*972 cents ; in 1896-7 train load, 167 tons ; ton rate l-OOl cents.
2nd & 3rd tracks................... 259
008
miles owned Jointly)........... 6,154 Trackage (inolud. 2d track)... 62
E arnings.—2 months. ) 1893....... Gross, $5,554,980: net. $1 994 436
,
July 1 to Aug. 31. s 1897....... Gross. 5,494,007; net, 2)o4l’963
r.'wFJ'oKY’J
&0-_ ? 1 W ^ u k e e & St. Paul RR. Co. was organized May
ie
CUI863, and on Feb. 11,1874, took its present name. The system has .
R eport.—Fiscal year ends June 30. Annual meeting is
smoe been greatly extended by the construction and acquisition of
& ? eP£®mb® Report for 1897-98 was given in full in V 67 n
r*
sale o f the Milwaukee & Northern to the St. Paul was 525, 531, 577. See also editorial, p. 506.
m v‘ b PT
ratified in September, 1893.
1897-98.
1896-97.
1895-96.
Capital Stocks.—The preferred stock has a prior right over the Miles operated June 3 0 ..........
6,154
6,154
6,151
com m on stook to a dividend of not over 7 per cent from net earnings in Passenger earnings.................... $5,986,840
$5,717,496
each year, but if not earned it has no cumulative right. After payment
$6,147,679
22,104,803
23,887,930
o f 7 per cent on preferred and 7 on common, both classes share nro rata Freight earnings......................... 25,468,852
2,664,469
Common stook authorized, $47,062,560. Preferred stook on D eo 31* Mail, express, «fee., earns.......... 2,733,972
2,646,220
1873, was $12,274,483; and it has been increased to present figures
Total earnings......................$34.189.664 $30,486,768 $32,681,829
exchange of convertible bonds for stook, only about
$4,642,275
$5,000,000 haying been issued for other purposes (improvements, etc ) Maintenance of w ay........ .
$4,334,955
$4,374,724
In Deo., 1897, $20,160.000 prior lien bonds outstanding were ex­ Maint, cars and engines............ 2,918 524
2,464,839
2,942,295
rransportation, gen. exp., e tc .. 10,908,170
changeable for preferred.
9,898,952
10,529,853
£ axes—;........................................
1,184,231
Drvs. since 1889.) 1890. 1891.1892,1893.1894.1805.1896.1897 1898 Renewal account........................ 1,134,131
1,082,084
1,125 000
200,000
On common. > 0
0
2
4
4
,2
4
5
5
350,000
.Miscellaneous..... ...............
473 468
491,562
On preferred. > 7 7
7
7
7
7
7
7
7
397,851
On common in 1897, April, 2 p. 0.; October, 3 p. c.
In 1898, Apr.,
Total expenses...................... $21,201,567 $18,577,539 $19,676,808
■2*2 p. 0., o f which *2 p. c. was extra ; Oct., 2 ^ p. 0.
......................$12,988,097 $11,909,229 $13,005,021
B onds.—Abstracts of some of the older mortgages were pub­
(60-21)
(60-94)
lished in the Chronicle , V. 45, pp. 85,114,144, 212, and V. 48, p. 830- P erct.ofop.exp .toea rn s............
(60*21)
Other income................................
131,018
162,822
The following bonds are converlible into preferred stock at anv time
64,857
within ten days after a dividend shall have been declared and become
Total net income................... $13,119,115 $ 12,072.051 *13 069878
payable on the preferred: Iowa & Dakota Extension 7s, River
7,669,4s !
Divislon78.Chicago& M ilw aukee 7s of 1903, Hasting & Dakota 7s of Interest on debt, etc.................... 7,1901413 * 7;488’,747
1903 and Ch. Mil. & 8t. P. consols of 1875. The consols of 1874 also
Balance for dividends......... $5,928,702
$4,583,304 ‘ $5^
400^390
¡are convertible into preferred within 15 days after dividend dav. The
•convertible bonds were fully described in Supplement for Mar. ’93 p. 2.
DIVIDENDS paid during fiscal t e a r .
Chicago < Pacific Western Division 1st 5s were issued at $20,000
&
per mile for road, with additional amounts for equipment and ^ S e r r e d '.'" ! " .................. 531,463 (4) $1.841,090 (3)$1,380,817
.(7) 2,104,245(7) 1,896,363(7) 1,846,315
bridges; no furthor bonds can bo issuod. Tho mortgage oovors fho
following miles o f road: Farley, la., to Kansas City, Mo., 341 milesTotal dividends.................... $4,635,708
$3,737,453
$ 3,227,132
w aJi21 Ii "' ^ C o u n cil Bluffs, la., 262 miles; Astor, la., to Aberdeen,
k a
iNorth Dak., 352 miles; branches 162 miles; total, 1,117 miles
-(V. 66,p. 81, 335, 471, 520; Y. 67, p. 5 2 5 , 529, 5 3 1 , 5 77.)
Terminal five per cent bonds o f 1884 cover terminal*property
*
. —Reorganized on July 1,1897
•of several hundred acres in Chicago and Milwaukee.
^
B 1 S0 S mi as the Chicago N o r t h e r n P a c if ic R Rwhich see.
BX3 0 ®
Terminal Transfer RR.,




38

INVESTORS' SUPPLEMENT.

[VOL. LXY1I-

S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation of column headings, See., see notes of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Chicago & N orth W estern —Common stock........ 4,273
Preferred stock (7 p. o. yearly, not cumulative).. 4,273
Bonds issued and assumed by Chic. < N. W. .
6
Ch. & N. W. con. s. f. M. ($12,900,000), not dr’n.o* 788
Cedar Rapids & Missouri Riv.—l st mort. 3d Div. 150
122
Iowa Midl’d 1 st M., Lyons to An amosa (assumed)
71
Madison extens.lstM ., g. (s.f. $23,000, not dr’n) 129
Menomineeext.lstM ., g. (s .f.$20,000,not dr’m 114
Northwest. Union lstM.,g.,Mil.toFond-du-Lac.
62
Ohio. & N.W. gen. consol. M., g., s.f., not dr’n c.*&r 1,637
New mortgage of 1897, see next page.
Menominee River 1st M., two series (assumed)...
31
82
Mil. & Mad. 1st M., Mil. to Madison (assumed) .c*
Chicago & Tomah 1st mort., guar, (assu m ed)...) 152
Chicago Milwaukee & N. W. construe, do
... £
Escanaba & Lake Superior RR. IstM ., (assumed).
43
Des Moines & Minn. 1st M.,Des M.to Jewell Jo.,&o.
57
64
ÖttumwaC.F.&St. P. IstM .($25,000p.m.), gu..c*
76
Northern 111. IstM. ($20,000p. mile),assumed..c*
Mllw. I,. Sh. & W., Consol. M. (now 1st) gold...c* 413
Mip.bigan Div. 1st mort. (for $3,000,000), g. .o*
82
40
Ashland Division 1st mortgage, gold...............o*
Deben. (see text) secured by mort of ’ 89, g . . .c* 693
Ext. &linp. M. for $5,000,000, g., s.f. not dr’n.e* 693
Income bonds (not cumulative).........................r . . . .
40
Marsh. E x.lstM .for$600,000 ($15,000p. m.) .c*
St. Paul Eastern Grand Trunk-rSee statement for th
C.&N.W.s.f.b’ds of ’79($15,000p.m.)red.atl05.c<fcr 1,041
71
Iowa Div. IstM. for $1,411,000 ($20,000 p.m.)o*

....
1865
1866
1884
1870
1871
1871
1872
1872

’76-’ 80
1880
S1880
( 1882
1881
1882
1884
1885
1881
1884
1885
1887
1889
1881
1892
at com
1879
1891
... . 1883
In addition to bonds outstanding as above, t he sin king f
e.. $149.000.

$100 $39,116,300 5 in 1898 J. & J. N.Y.,Co.’s Office,52 Wall J’ly 6 ,’98,2ifl%
100 22,396,600 7 in 1898 Q.—J.
do
Oct. 6,’98,1%%
do
1,000
500 &c.
1,000
500 &c.
500 &c.
500 &c.
500&C.
1,000

12,832,000
2,332,000
769,000
1,099,000
b 2,977,500
c 2,546,500
d 3,365,000
10,721,000

7
7
7
8
7
7
7
7

560,000
1,600,000
1,528,000
e 601,000
455,000
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

7
6
6
6
6
7
5
5
6
6
6
5
5
6
5

g.
g.
g.
g.

do
do
do
do
do

Feb.
May
June
Oct.
Apr.
June
June
Dec.

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

1915
1916
1909
1900
1911
1911
1917
1902

do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

July
Sept.
Nov.
Nov.
July
Feb.
Mch.
Mch.
May
July
Mch.
Feb.
Feb.
May
Oct.

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

1906
1905
1905
1905
1901
1907
1909
1910
1921
1924
1925
1907
1929
1911
1922

—F.
< N.
fe
& D.
& O.
& O.
& D.
& S.
& D.

do
do

do
do

do
do
do
do
do

J. & J.
M. & 8.
M. & N.
M. & N.
J. & J.
F. & A.
M. & S.
M. & 8.
M. & N.
J. .& J.
M. & 8.
F. & A.
F. & A.
M. < N.
fe
A. & O.

do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

0
M.
J.
A.
A.
J.
M.
J.

1,000
1,000
1,000
1,000
1,000
g.
1,000
g1,000
g.
1,000
g.
1,000
g.
1,000
1,000
pany.
l.OOO&o 12,697,000
do
do
5 & 6 A. & O.
1,000
1,411,000
do
do
4 ^ A. & o.
l.OOO&o 9,800,000
Sinking fund debentures, N.
M. & 1933.................c**rdo
do
5
und Jun e 1,1898, he Ida., $58 ,000; b., $172,500; c., $150,500;

Oct. 1, 1929
Apr. 1, 1902
May 1, 1933
d ., $135,000;

C h ic a g o & N o r t h W e s t e r n R y f See Map.)—Operates an im­ about $530,000 per annum—see “ bonds” above and V. 65, p. 69, 111.
portant system of roads uniting Chicago, 111., with Omaha, Neb., 8t. Maple River first 7s for $402,500 fell due July 1,1897.
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc., and
The $1,628,000 Sioux City & Pacific 1st 6s due Jan. 1, 1898, have
with the mining regions of Michigan and the Black Hills, including— been retired, but the mortgage is still held alive.
For the elevation of tracks m Chicago $1,025, 547 was spent in 1897-8,
Miles.
Road owned in fee—
Miles. Controlled by stock,
V. 62, p. 456; V. 63, p. 228; V. 67, p. 226. In 1897-98 the average
operated separately—
Main lines, etc........................3,085
«
Fremont Elk Horn & Mo. Yal. 1,301 freight train load was 194 tons, against l f t l 1 tons in 1896-7; rate per
Entire stock owned—
Wis. Nor. (V. 65, p. 235)........
46 Sioux City & Pacific.............. 107 ton mile, 0"89 of a cent. In calendar year 1896 of 15,772,612 tons of
freight oarried, grain furnished 12-73 p. o., coal 12-61 p. o., ores 22-31
Milwaukee Lake Shore & W ... 757
Total of all............................6,486 p. o. and lumber 6^ p. c.
Winona & St. Peter..... .......... 449
447
Dakota Central....................... 724 2d t r a c k .......................... .
E arnings.—Jan. 1 to Aug. 31, 1898 (8 months), gross, $23,228,295,
Also has large interest in Chi against $20,406,945 in 1897.
Princeton & W estern.............
16
oago St. Paul Minneapolis &
A nnual R eport .—Fiscal year ends May 31. The annual meeting is
Total incl. in earns............. 5,077 Omaha, 1,492 miles.
held the first Thursday in June. The report for 1897-98 was given at
H istory , &c.—The Chicago & North Western Railway was organized length in Y. 67, p. 219, 224, 315. See also editorial, p. 203.
in 1859, and has since absorbed many other roads.
CHICAGO < NORTHWESTERN PROPER.
fc
In December, 1882, a controlling interest was acquired in the stock of Year ending May 31.
1898.
1897.
1896.
1895«
the Chicago St. Paul Minneapolis & Omaha Co., which see.
5,071
5,031
5,031
5,031
In July, 1884, the capital stocks (except a few shares) of the Fre­ Average miles oper..
Passenger earnings.. $7,256,299 $6,963,578 $7,408,82T $7,044,691
mont Elkhom & Mo. Valley and the Sioux City & Pacific were acquired
on the terms stated in the Supplement of June, 1885, and prior issues. Freight.........................27,035,105 22,236,612 24,354,622 19,484,415
1,777,053
1,725,312
1,579,268
Their securities, except those held bv Chic. & N. W „ are in table above. Mail, exp ress,& o.... 1,759,156
In December, 1891, the Milwaukee Lake Shore & Western RR. was
Total earnings...$36,050,561 $30,977,243 $33,488,761 $28,108,374
bought by an exchange of stock. See Y. 57, p. 375; V, 56, p. 792.
Oper, expenses....... $22,643,879 $18,877,089 $20,373,402 $17,503,917
Capital Stock .—Of the common stock $2,333,688, and preferred Taxes........................ 1,102,606
1,061,732
1,075,569
1,007,811
$3,795 remained in the co’s treasury in June, 1898. Pref. stock has a
prior right to 7 p. c.; then common 7 p. e.; then preferred 3 per cent;
Total expenses..$23,746,485 $19,938,821 $21,448,971 $18,511,728
then common 3 per cent; then both classes share.
Net earnings............. $12,304,076 $11,038,422 $12,039,790 $9,596,646
D ividends — ’ 83. ’ 84. ’ 85. '86to’ 93. ’ 94. ’ 95. ’ 96. ’ 97. ’98.
P. o. exp. to earnings
(65-87)
(64-37)
(64*50)
(65-86)
Common....... 7
7
6*2 6 yearly 3
4
5 5
5
Investments, etc....... 1,064,615
964,310
671,638
652,274
P referred .... 8
8
7?a 7 yearly to Oct., 1898, inclusive.
Total receipts... $13.368,691 $12,002,732 $12,711,428 $10,248,920
B onds.—Refunding Mortgage.—See A b s t r a c t in V. 65, p. 1 1 7 5
The authorized issue is $165,000,000 (United States Trust Co., trustee) Interest on debt....... $7,096,285 $7,115,701 $7,122,356 $7,071,135
3,519,823
3,518,650 3,517,057 3,125,546
$131,640,000 are reserved to retire underlying bonds, and remainder Dividends................
517,260
196,413
220,990
325,830
for additions and improvements, $4,000,000 at once and $1,000,000 Sinking fund, e tc ...
a year thereafter. The bonds may be issued bearing such rate of in­
Totaldisbursm’ts .$ ll,133,368 $10,830,764 $10,860,403 $10,522,511
terest as shall be deemed advisable. See V. 65, p. L070. The first issue
o f $20,000,000, bearing 3*2 per cent (reg. interest Q.—F.,coupon M.&N.), Balance............... sur.$2,215,323sr.$l,171,968sr.$l,851,025df.$273,591
has been sold to Kuhn, Loeb & Co., of N. Y.—see “ general finances”
FREMONT ELKHORN & MISSOURI VALLEY.
below and V. 65, p. 69,111,571. Up to July, 1898, $6,000,OoO had
Yr.end. May31.
1898.
1897.
1896.
1895.
been listed. V. 67, p. 125. The $1,641,000 Chic. & M. first 7s were
Grosseamings............$3,881,340 $3,051,982 $2,950,439 $2,666,642
paid at maturity July 1,1898. V. 66, p. 1139.
Net earnings............... 1,237,948
793,839
893,670
692,834
The sinking fun d bonds of 1879 are secured by deposit in trust
1,020,941
1,022,469 1,025,029
o f $15,000,000 of 1st mortgage bonds at $15,000 per mile on sub­ Total charges............. 1,020,908
sidiary lines, the most important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $6,129,000 are 6s ; Balance.................. sur.$217,040def.$227,l02def.$128,799def.$332.195
the sinking fund is at least 1 per cent of outstanding bonds, which —(V. 66, p. 81, 288, 425, 1 0 8 6 , 1088, 1139 ; V. 67. p. 125, 2 1 9 , 2 2 4 ,
are subject to call at 105; and through its operation the amount 3 1 5 .)
outstanding has been reduced from $15,000,000 to the present figure.
C h ic . P a d . Sc M e m . R R . —In 1897 merged in Chic. & East. 111.
l i e sinking fund debentures of 1933 have a sinking fund of $200,000
C h ic a g o P e o r ia 4c St. L o u is R R . o f I l l i n o i s . —Owns from
per year, if they can be redeemed at 105. These, as also the de­
bentures of 1884 and 1891, will be secured by any future mortgage Pekin, 111., to Springfield, 111., 77 miles; and Havana to Jacksonville,
excepting any mortgage “ for the enlargement, improvement or exten­ 111., 42 miles, and Litchfield to East St. Louis, 48 miles; trackage, Pekin
sion o f the company’s property.” See description of all the debentures to Peoria, 10 miles; Springfield to Granite City, 102 miles; total 279
on page 2, Supplement of April, 1895. The 25-year debenture mort­ miles. Owns a one-quarter interest in the Peoria & Pekin Union.
gage o f 1884 was for $6,000,000, but reduced to present figures by
Organization .—A reorganization in February, 1896, of the C. P. &
Binking fund purchases.
St. L. Ry. sold in foreclosure, per plan V. 61, p.365. (V. 62, p. 232,319.)
The extension bonds o f 1886 are secured by deposit in trust of first
St. Louis Chicago < St. Paul is controlled in same interests, and it is
fe
mortgage bonds at a rate not exceeding $20,000 per mile. Included in expected the roads will be reorganized and consolidated under a plan
the collateral June 1,1896, were $10,675,000 Fremont Elk Horn & Mo. to be issued before the end of 1898.
Valley lets and $2,560,000 Wyoming Central Ists [the Wy. Cent, hav­
D efault .—The first mortgage, coupons due Jan. 1.1898, were not
ing been consolidated with F. E. & M. V.], etc. To Jan., 1898, Exten­ paid, owing to floating debt ( 6800,000). and bondholders were asked
sion 4s for $18,632,000 had been listed on N. Y. Stock Exchange, of to extend time of payment for six months, but in 1898 earnings were
which, June 30,1896, $1,143,000 were held. aliyfUu sinking funds. See applied to car trust payments and default continued.—V. 66, p. 61,1044.
F. E. & M. V. bonds below. Union Trust Co. of N. Y., trustee.
In July, 1898, Samuel P. Wheeler of Springfield, 111., and Charles E.
The Fremont Elkhom < Missouri Valley consols have a first lien on Kimball of New York were appointed receivers as a preliminary to
&
1,170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and reorganization, which, it is understood, will be undertaken at once,
branches to Hastings, Albion, &o., 613 miles), but besides the amount and the first mortgage bondholders be asked to give up a part o f their
o f issue given as outstanding in the table $10,675,000 are held as part holdings for a debenture security.—V. 67, p. 73,17*?.
collateral for Chicago & Northwestern extension bonds of 1886. The
Floating Debt June 30, 1897.—Bills payable, 6837,187, secured by
Northwestern assumed $3,600.000 of the Fremont Elkhom & Missouri collateral; pay-rolls and vouchers, $95,732. V. 66, p. 78.
Valley bonds and guarantees the rest. See guaranty V. 56, p. 650.
Stocks and Bonds—Common stock authorized $2,500,000; preferred
The Milwaukee Lake Shore < Western debentures of 1887 were by
&
their terms convertible into M. L. S. & W. stock, but North Western 5 p. o., non-cumulative, $2,500,000.
The new first mortgage is for $5,275,000 to the Mercantile Trust Co.
officials state that the bonds are not convertible into North West stock.
The extension and improvement mortgage sinking fund commences in of N. Y. as trustee. Of the $4,599,000 firsts given as outstanding in
1893, and will receive not less than $25,000 yearly ; these bonds are ¡table above. $2,100,000 held as collateral for loan of $800,000 were
! purchased at foreclosure sale in July, 1898, by Thomas Carmichael.
not subject to call.
See V. 67, p. 73,158 (auction sales).
L and Grant.—The report for 1896-97 showed that the total consider­
Oar Trusts.—On Dec. 1, 1897, over-due car trusts amounted to $99,ation for the lands and lots sold in that year amounted to $141,215. ! 138, and $271,386 fall due part monthly to 1902.—V. 66, p. 78.
Net cash reoeipts were $396,890. The statement of amounts secured
i L atest E arnings.—For 8 months ending Sept. 30,1898, gross, $606,to be paid to the company by outstanding contracts of sale in force at
the end o f the fiscal year showed a total of $924,912. The lands 658; $592,168 in 1897.
Unsold and uncontraoted for May-31,1897, were 693,926 acres.
E arnings.—For year ending June 30,1897, report in V. 66, p. 78.
General F inances.—The first issue of ($20,000,000) refunding bonds Advance statement for 1897-98 was in V. 67, p. 367.
Fear end.
Cross.
Net.
Tax < rent. Interest.
£
Balance.
at 3*11 per cent interest was sold to provide for $18,015.500 old bonds
maturing up to Dec. 1,1902. If the entire issue of $20,000,000 is re­ 1897-98.........$847,045 $202,311 $75,433 $209,819 def.$82,941
67,474
148,395
sur.13,745
quired to refund these old bonds the saving in interest charges will be 1896-97........ 834,170 229,614




BONDS
AND
STOCKS
-RAILROAD
iw » . ]

O ctober ,




M
N^ « — * J l

i o

N

yYELL0W 8T0N E
NATIONAL

A

/N
(

A

,Gettysburg
^

\ ^ atehtq^ '
|
C I.
H

I\ &

N.\ W
.

L
.,^G
X

Abbotsford I

^O ^ * —
r>^A

INVESTORS’
SUPPLEMENT.

M A P OP TH E

Chicago, R ock I sland
AND
^ j
^ y' j

HiagflalaiiB o &8an Antonio
__________
|y° Carthage

Pacific R ailw ay System
AND ITS CONNECTIONS,

[V ol. l x v i i .




fr
S\

O ctober , 1898. J

KAILKOAD

STOCKS AND

BONDS,

41

Subscribers w i l l con fer a great fa v o r by g iv in g im m e d ia te notice o f a n y error discovered in these T a b les.
RAILROADS.
on first page of tables.

i

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal, When Due.
of
of
Par
Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.

....
....
....
Bonds o f Proprietary Lines.
Winona A St. Peter . u iuu,v
ga,. e (now ]
1st mort. extens. .gold , land grant, a.t.
Minnesota Valley Ry. 1st m ortgage...

Dak.Cent.lst M. on So’eastDiv.(to nawarden) gu.
Frem. Elk. & M. V. consol M. $20,000p. m. see text,
Sioux City & Pao. pref. stock (1st mort. on 6 m.).
1st M. Sioux City to Fremont (assumed.)........
2d M.Gov’t Uen (aoor.int. Jan. 1,’98 $2,563,650.)
Ohieago Peoria A St. L.—1st M.,$5,275,000, g. o*Ar.
Chicago Rock Island A Pac.—Stock (for $50,000,000)
1st mort., Chic., 111., to CouncilBluffs&branches.c*
Chic. A Southw. 1st M. (g’d in our. by C.R.I.AP.).
General mortgage, $100,000,000, gold.Ce...o*Ar
Chicago St. Paul Minneapolis A Omaha—Com., stock.
Preferred stock, non-oumulative (see text)..........
St. Paul Stillwater & Taylors’ Falls 1st mort. .. .c
Hud. & River Falls 1st M.,Hudson to River Falls.o
Oh.St. P. A Minn. 1st M.,g.,Elroy to L. 8t.C.ass’d.o*
St. P. A Si’x C. 1st. M,g.($7,000,000)$10,000p.m.o
No.Wis.lst M. Lake St.C. ton ’r Spooner ass’med.c’
Sault Ste. Marie & Southwest’n 1st M., assumed.o
Ch.St.P.M.AO.con.M.,$30,000,000($15,000p.m)o*
In addition to the bonds outstanding as above,
_____ f., $521,000 (and $10,000 on hand); g., $1

1884
1891
1886
1897

l,OOOAo $f5,369,000
l.OOOAo g 9,819,000
l.OOO&c 5.17489,000
l.OOO&c
6,000,000

5
5
4
3ifl g.

M. & N. N. Y. Office, 52 Wall S t
A15AO
do
do
F 15&A.
do
do
do
do
IT

Nov. 1, 1909
Apr. 15,1921
Aug. 15,1926
Nov. 1, 1987

139 1870-1 1,000
1.592,000
7
M. A N.
do
do
Nov. 1, 1907
184 1871 100 Ac. k 4,038,500
do
7 g. J. A D.
do
Deo. 1, 1916
7
24 1878
150,000
A,
O
Oct. 1, 1908
15 1878
lö ö iö ö ö
7
M. A 8 .
do
do
Sept. 1, 1908
24 1878
200.000
M. A S.
7
do
do
Sept. 1, 1908
71 1882
a 1,007,000
6
M. A S.
do
do
Sept. 1, 1907
125 1882
2,000.000
6
M. & N.
do
do
Nov. 1, 1907
1,170 1883 $1,000
7,725,000
6
A. A O.
do
do
Oot. 1, 1933
(5 ....
100
169,000
7
A. & O.
do
do
O ct.l,’98,31
a%
101 1868 500 Ac. Held byCh. &N. W. J. A J.
do
do
Jan. 1, 1898
101 1868 500 Ac.
1,628,152
6
J. A J. U.S. Treas., at maturity. M ar.’98 A’ 99
177 1896
1,000
4,599,000
4 g. J. & J. See text.—V. 66.D.1044. July 1, 1925
177 1896
1,000
2,250,000
4 g. Jan. 1
July 1, 1945
.... ....
100 50,000,000 See text. Q.—F. New York and Chicago. iov . 1,’98,1J*
736 1877 1,000Ac 12,100,000
6
J. & J. N. Y..13 William St.
July 1, 1917
268 1869 lo o Ac.
5,000,000
7
M. & N.
do
Nov. 1, 1899
3,182 1898 l.OOOAo 47,971,000
4 g. J. & J.
do
do
Jan. 1, 1988
.... ....
100 18,559,187 2 Feb.’98
N. Y.. Office. 52 Wall St.
.... ....
100 11,259,912 7 i n ’98. F. & A.
do>. t ■ do
21 1878 500 Ac.
334,800
7
J. & J.
do
do
Jan. 1, 1908
*12 1878
1,000
125,000
8
J. & J.
do
do
July 1, 1908
177 1878 500 Ac.
2,670,000
6 g. M. & N.
do
do
May 1, 1918
607 1879
1,000
6,070,000
do
6 g. A. & O.
do
Apr. 1, 1919
80 1880
1,000
800,000
6
J. & J.
do
do
Jan. 1, 1930
37 1890
L000
400,000
5
M. & N.
do
do
Nov. 1, 1915
.... 1880 1,000 b 14,334.327
6
J. & D.
do
do
June 1, 1930
the s inking fund JU ne 1.1898. h eld, a, $ 58,000; b, $59.132 (these in tre a,sury.
81,00 0; li.,$ 1.143,0 00: k .. $2021 .500.
ITCoupo' n interest M & N.; reg stored Q.—F.

To the $13,745 for 1896-7 add $15,033 div. on P. & Pekin U. stock,
&o., and deduct $9,262 for betterments and in 1897-98 add $15,12* for
div. and deduct $5,023 for betterments. Road controlled by Thomas
Carmiohael, N. Y.; office 27 Pine St.—(V. 66, p. 1237; V. 67, p. 73,176
3 6 7 .)
Chicago R o c k Island. Sc Pacific R y .-(S e « M a p ) —Road.—
Operates from Chicago, 111., via Omaha, Neb., to Denver and Colorado
Springs, Col., and via Kansas City, Mo., to Terral, I. T., with branches.
The system, as will be seen on adjoining map, includes:
Lines owned—
Miles.
Leased, etc.—(1) Which see.) Miles
Chio.,111., to Council Bluffs,la. 499 Peoria A Bureau Valley.. . .IT 47
Davenp’t, Ia .,to Ateh’n,Kan. 342 Keokuk & Des Moines........ if 162
El wood to Liberal, Kan........ 440 Des Moines & Fort Dodge..if 143
Herington,Kan.,to Terral,I.T. 349 Trackage to Kansas City,
Horton, Kan., to Roswell,Col. 569
No. Topeka, Kan., Denver,
Branches................................
682
Col., Pueblo, Col., etc........ 338

shares of common and 53,800 shares of preferred. First dividend
|2 p. c.) on common stock was paid in February, 1897.
Stock .—Authorized common, $21,403,293; preferred, $12,646,833.
Held by the company Deo. 3 1,.1897, common stock and scrip, $2,844,106; preferred stock and scrip, $1,386,921. Preferred stock has a prior
right to non-cumulative dividend of 7 per cen t; but common Is never
to receive more than is paid on preferred.
D ividends since ’ 87. ’ 88. ’89. ’90. ’91. ’92. ’93i ’94. ’ 95. ’ 96. ’97. ’ 98.
.
..
..
2
2
Common, P. c t..................... ... ..
Preferred, P. ct.. .. 6 3 4
4 613 7 per annum '('313 FAA .)
B onds.—There are $75,000 Minneapolis Eastern 1st m. guar. 7s
due Jan. 1,1909; $1,500,000 Superior Short Line Ry. bonds are owned.
Chioago St. Paul A Minneapolis 1st 6s, due 1918, and North Wisconsin
1st 6s. due 1930, are exchangeable at option of holder at any time,
dollar for dollar, for consol. 6s of 1880, due 1930.
L ands.—The land sales in 1897 were 15,397 aeries, for $39,876, In­
Total owned...................... .2,881
Tot.linesoper. Apr. 1,1897.3,571 cluding lots; lands undisposed of, 400,964 acres.
L atest E arnings .—From J a n .l to Aug.31 (8 months), gross, $5,318.Chicago Rook Island & Texas, Terral to Fort Worth, Tex., 93 miles ;
’* ’
'
bonds are all deposited for the R. I. extension and collateral mortgage, 471 in 1898; $4,853,534 in 1897.
A nnual R eport .—Report for 1897 was In V. 66, p. 516. Average
but the road is operated separately. V. 61, p. 793. Extension, Bridge­
train load in 1897 was 186*7 tons; in 1896 was 170*6 tons.
port to Jaoksboro, Tex., 28 miles, completed in Sept., 1898.
Year ending Dec. 31—
1897.
1896.
1895.
H istory .—The present Chicago Rook Island A Pacific was a con$8,156,192
$7,508,764
Gross earnings.......................... $8,652,793
olidation June 2,1880, with $50,000,000 stock authorized.
Operating expenses and taxes. 5,737,447
5,137.034
4,836,652
5.137.034
Stock .—Stock dividend o f 10 p. o. raises in 1898 outstanding issue
Net earnings......................... $2,915,346
$3,019,158
$2,672,112
to $50,0000,000, all listed on N. Y. Stock Exchange. V. 67, p. 125.
Net rentals paid.........................
114.626
113,946
113,048
D ividends > 1888 ’ 89 ’ 90 ’ 91 ’92 ’ 93 ’ 94 ’ 95 ’ 96 ’97 ’ 98
Net int. on debt (less other ino.) 1,411,470
1,405,353
1,422,830
since ’87, P.ot. j
4
4
3
4
4
3*3 2
2 2*3 Below Div. on pref. stock.................. . (7)787,986
(7)787,976
(7)787,976
In 1898, Feb., 1 p. c.; May, 1 p. c.; Aug., 1 ^ p. o.; also 10 p. c. extra Div. on com. stock:.................. (2)370,984
(2)370,9S2
in stock paid July 18. (V. 66, p. 1089; V. 67, p. 125; Nov., 1*4 p. c.
$340,901
Surplus of RR. Co...................... $230,281
$348,258
1881 to 1887, 7 p. c. yearly.
Net from land sales........•.........
$55,191
$1,662
$36,389
B onds.—The refunding mortgage is for $100,000,000 (Central Trust —(V. 64, p. 231, 233, 5 1 4 ; V. 66, p. 4 2 4 , 5 1 6 ,jso.)
Co., trustee), of whioh $65,847,600 were reserved to retire $62,712,000
Chicago Sc Southeastern R y .—Anderson, Ind., to Brazil, Ind.»
existing bonds (including $45,212.000 paid in 1898) ; $2,000,000
were immediately available for additions or improvements ; $5,500,- 109 miles, of which 12 miles, Waveland to Sand Creek, trackage.
000 will be available after 1902 at $18,000 per mile, to retire bonds on In July, 1898, extension from Anderson to Munoie, 19 miles, reported
lines purchased, and remainder are issuable at not over $1,000,000 to be under construction. Midland Ry. o f Ind. January, 1895, interest
per annum for permanent improvements and additions, including was not paid when due. W O. Darnell reported to have been un­
equipment. See Mortgage A b s t r a c t in V. 66, p. 522. The prior pointed receiver on Sept. 20,1898.—V. 66, p. 81.
bonds will be paid off by Nov. 1, 1899, excepting $12,100,000 of 6s
C hicago T e r m in a l T ra n sfer R R .—(See Map.)—Pr o p e r t y _
due 1917, which will be offered the right o f exchange for the new loan. Consists of passenger and freight terminals in city of Chicago, lines
—V. 66, p. 759.
of railway leading thereto, and a belt line around the city. Company
G eneral F inances.—On April 1, 1898, $400,000 first mortgage owns 760 acres of land in and adjacent to the city, of whioh 50 acres
6s o f the $12,500.000 authorized were in the treasury. Average freight are in the centre of the business district; also includes 7,500 feet o f
train load in 1897-8,169 tons; rate per ton mile, 0*97 cent ; in 1896-7, dock property on Chioago River. Nearly all land, including that upon
158 tons ; rate per ton mile 0*96 cents.
whioh tracks have been built, is owned in fee.
Refunding.—The refunding of the bonded debt during 1898 and
R oad Owned —
Miles.
L eased Lines—
Miles •
1899 will save the company $496,621 yearly.—V. 65, p. 571. See also Harrison to Madis’n St., Chio.lO*86
editorial V. 67, p. 55. The $40,712,000 extension and collateral 5s, so 46th St. to South Oak Park.. 5*36 Chicago Juno. Ry. (McCook
to Franklin Park).............. 10*54
far as not exchanged, were called and paid at 105 at the Central Trust 40th St. Jot. to Cem., etc....... 6*75
Chic. Juno. Ry. (L. S. &M."
Co. on April 30, 1898. The debentures were paid at 105 Sept. 1,
Ave.
8. Ry. toO . L. S. A E .R y ..
*14
1898. In Oot., 1898, $47,971,000 of the new gen. 4s had been listed. WesternJuno, to Blue Island.l5*19
Harvey
to Harvey....... 3*88
T rackage —
E arnings.—From A pril 1 to Aug. 31 (5 months).
Calumet Belt Line (Clark
E. Ohio. Harb. to South Ohio.
5 mo8.
Gross.
Net.
Int., etc.
Balance.
Jet. & Whitingto McCook).28*44
(B. A O .)............................... 6*60
1898........ .......... $8,764,880 $2,956,779 $1,614,259 sur.$l,342,520
do.
under construction
1897.................... 7,603,596
2,590,331
1,712,504
sur!877^827
East Chicago to Whiting.. 3*89
A nnual R eport .—The fiscal year ends March 31. Animal meeting
„ I .
Tot. length of lines owned
is held in Chioago on the first Wednesday in June. Report for 1897-93
Total...............................— 74*37
a pd leased July 1,1898. 91*65
at length was in V. 66, p. 1086, 1091—see also editorial, p. 1067. 2d track owned and leased, 53*20; sidings and spurs owned and
Tear ending March 31—
1898.
1897.
1896.
leased, 99*72. Total length o f tracks owned and leased
244*57
Fassenger earnings.................. $4,316,817 $4,072,127
$4,445,953
H istory .—A reorganization in J une, 1897, of Chioago ¿'N orth e rn
Freight........................................ 13,835,995 11,229,175
11,159,100 Pacific and Chioago & Calumet Terminal, p la n V. 6 4 , p. 88 8 8 9 8
Mail, express, rentals, etc___
1,395,771
1,845,351
1,754,600 Fixed charges were reduced from $1,794,950 to $561.840.
*
T enants.—Balt. & Ohio, Chic. & Great Western, Wisconsin Central
Gross earnings....................$19,548,583 $17,146,653 $17,359,653 Chioago Hammond & Western, Suburban Ry. Co. of Chioago.
’
Net earnings............................ $6,952,616
$5,533,825
$5,493,059
Securities .—Stock—The preferred stock is entitled to preference
P . c. of oper. exp. to earns....
(64*43)
(67*73)
(68*36)
to the common stock in liquidation, and to non-oumulative dividends
From land department..........
9,000)
12,243
38,439 at 4 p. 0. per annum before any dividends are paid on com m on; after
Increase from loans, e tc.......
470,785 S
4 p. 0. has been paid on common stock the preferred stock shares Dro
rata with common in any additional distribution of earnings for that
Total income..................... $7,432,401
$5,546,068
$5,531,498 year. Bonds—Of the $16,500,000 1st 4s, $1,305,000 are reserved to r«Rent leased roads....................
$671,528
$681,730
$665,615 tire the $1,044,000 assumed bonds; $1,905,000 for new propertv na
Interest on debt......................
3,320,450
3,321,525
3,322,525 P™ Iided In the mortgage and $290,000 are held in the treasury* and in
Missouri River bridges..........
117,997
99,217
119,650 1898 $259,000 held in treasury since reorganization weM sold to prS:
Dividends.................................(3) 1,384,674 (2) 923,116 (2) 923,116 vide for construction already made and contracted for. leaving $1 n
000,000 outstanding.
6V
Balanoe.............................. $1,937,178
$520,480 sur.$500,592
L atest E arnings.—From July 1 to Aug. 31 (2 months)
—(V. 66, p. 900, 953, 1 0 8 6 ,1 0 8 9 , 1 0 9 1 ,1 2 3 7 ; V. 67, p. 73, 125,319.) t £ ™ onths—
Gross.
Net.
Int., etc.
Balance.
C hicago St. P a u l & K a n . C ity.—See Chicago G reat W estern . 1898............................ $203,005
$122,479
$107,772
$14,707
174,772
126,585
112,723
C hicago St. P a u l M in n ea p o lis Sc O m an a R y .—(See Map Chi­ 1897............................
13,862
cago A North Western.)—R oad .—Mainline—Elroy, Wis., to Omaha, Neb.,
R eport .—Report for year ending June 30,1898, given at length in
593 miles; other lines, 899 miles; total, 1,492 miles, of whioh 1,428 the Chronicle of Oct. 29, 1898, shows gross, $ l.il9 ,2 6 1 ; net, after
miles are owned and 64 miles leased.
deducting taxes, $663,756; interest, $562,156; bal., sur., $101,599.
H istory .—This was a consolidation July, 1880, of the Chicago St. In 1896-7, gross, $1,068,853; net. $678,432.
Paul & Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
Officers .—Pres., Edward D. Adams, N. Y.; Secretary, George P.
In November, 1882, a controlling interest in the stock was purchased Butler, Mills Building, N. Y .—V. 66, p. 8 5 ,11 8 8 ; V. 67, p. 8 3 9 , 843.
for the Chioago & Northwestern Railway by the acquisition of 93,200
C h ic a g o Sc T e x a s R R . —See Supplement of January, 1898.




4 2




INVESTORS’

SUPPLEMENT.

[V ol. LX VII,

October,

1898.J

RAILROAD

STOCKS. AK D

BONDS,

43

—
■
-=
1
1
■..............
........
"
=====—
Subscriber« w i l l con fer a great fa v o r b y g iv in g im m e d ia te n otice o f a n y error discovered in these T a b les.

-■

Bonds—
Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Dne.
of
Par
For explanation o f column headings, &c.. see notes of
Stocks—
Last
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Dividend.
94 1887 $1,000
In default.
Chicago A Southeastern—Mid. of Ind. 1st M., gold..0
$375,000
B g. J. & J.
Jan. 1, 1917
(?)
94 1891
5 g.
General mortgage, gold............................................
Jan. 1, 1922
100 13,000,000
Chic. Terminal Transfer RR.—C o m .......................
4
100 17,000.000
Pref., non-oumulative, 4 per cent..........................
1886
394,000
5 g. J. & D. N. Y., Mercantile Trust. June 1, 1936
Chicago & Great Western 1st M. gold, assum.c*
1,000
....
M. & N. To City of Chicago.
May 1, 1938
650,000
5
City o f Chicago purchase money mort., assumed! . . . .
f
e
Chic. Term. Transf.lstM.,g..$16,500.000 Us.c*&r 161 1897
1,000 13,000,000
4 g. J. < J. N. Y., Mercantile Trust. July 1, 1947
60 1893
A. & O
.
In default.
Apr. 1, 1933
1,225,000
Chicago A Texas—1st mort., $2,500,000, gold. ..c&r
1,000
5 g.
Q.—J.
5,000,000
6
Oct. 1,’98,11«*
Chicago A Western Indiana—Stock (see tex t)........
48 1879
878,000
1st mort., gold, sink, fund, subject call at 105.c*
1,000
6 g. M. & N. N. Y., J.P.Morgan & Co. Nov. 1, Ì9 Ì9
48 82-92
do
do
Deo. 1, 1932
General mort., gold, sinking fund, see tex t.......o*
1,000
9,868,666
6 g. Q .-M .
Feb. 15,1893
See text.
Chicago A West Michigan—Stock (in trust $63,600).
100
7,512,800
10 1875 500 &c.
J. & D. N. Y., Un. Tr. & Boston. June 1, 1905
Grand Rapids Newaygo & Lake Sh. 1st M.2d Div.
19,000
7
See text.
Deo. 1, 1921
Chic. A WestMich. general mort. ($12,000p.m.) .o* 488 1881
1,000
5,758,000
5
J. & D.
93 1891
May 1, 1931
Ch.& No.Mich.lst M.,gu.,p.&l.end.$18,000 p. m.o*
M. & N.
See text.
1,000
1,667,000
5
1892
Boston.
June 1, 1902
Mich. Equip. Co. IstM ., gu.p.&i., s.f. red. at lOO.r.
257,000
J. & D.
1,000
6
5
Coupon scrip Jan. 1,189s—see descrip. V.59,p.737
1894-7
1904-7
656,129
2, 3, 4
Choctaw A Memphis—Pref. stock 69t , $1,750,000..
50
J. & J.
Philadelphia.
1st mortgage, $3,400,000, interest guar., gold ... . . . . 1899
July 1, 1949
(?)
5 g___
Choctaw Oklah. A Gulf RR.—Fret. stk. 5 p. o. cum. . . . .
50
3,996,700 See text. M. & N. Phil.,Ot. 420Walnut St. Oct.31,’ 98, 2%
1,000
do
do
1,000,000
Oct. 1, 1919
Prior lien, gold, text...................... ..................... c* 220 1894
6 g. A. & O.
1,000
do
do
General mortgage, $5,500,000, gold.................. o* 220 1894
3,199,000
Oct. 1, 1919
5 g* J. & J.
42 1881
Citi. Georget’n A Vortsm.—1st mort., $500,000...o
1,000
A. & O. N. Y., Central Trust Co. Apr. 1, 1901
252,000
6
cincinnali Hamilton A Dayton—Common stock....
100
8,000,000
Cincinnati.
....
Pref. stock, A & B, 4 p.c. cum., guar, (call at par) . . . .
100
do
i;ooo;ooo 4 in 1898 Q.—J.
Oct. 4, ’ 98,1%
....
do
“ Eagle” 4 p.c. cum., guar, (call at par) . . . .
100
do
742,100 4 in 1897 Q .-M .
Sept., ’98, 1%
....
New preferred 5 per cent non-cum., $8,000,000.. . . . .
6,257,900 5 in 1898 Q .-F .
do
Nov.8’98,1J4%
60 1875
1,000
Consolidated mort, (now 1st) $ & &, sink, fund o*
996,000
A. & O. N.Y.,Kessler&Co54Wall Oct. 1. 1905
7
60 1875
do
do
$394,000 are 5 p. c.c*
1,000
1,734,000
5 & 6 A. & O.
do
do
Oct. 1, 1905
69 1887
1,000
Second mortgage, gold..........................................o*
do
do
2,000,000
433g. J. & J.
Jan. 1, 1937
60 1892
General mortgage, $7,800,000, gold...... - f f le .c *
1,000
3,000,000
fe
5 g. J. < D. N.Y., Blair&Co., 33Wall June 1, 1942
1,000
Cin. Day. & Iron., 1st M., gold, guar, (assumed.c* 164 1891
3,500,000
5 g- M. & N. N. Y.,Kessler&Co 54 Wall May 1, 1941
C hicago Sc W e ste rn In d ia n a R R ..—Owns a valuable terminal
system of roads affording entrance into Chicago to the roads named
below. Its lines extend from Dearborn Station, Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Oragin. 16 miles, and to South Chicago, 5 m iles; total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 214 m iles; also owns
860 acres of real estate, passenger and freight yards, warehouses,
elevators, etc. The Belt Ry. of Chicago leases and operates 72 miles of
the 214 miles owned by the Ch. & W. I., its securities being all held by
the companies leasing the Chicago & W. I.; see V. 60, p. 1056.
L eases.—This company’s road and terminals are leased under per"
petual contracts to the Wabash, the Chio. & Grand Trunk, the Chicago &
Eastern Illinois, the Chicago & Erie and the Louisville New Albany &
Chicago, 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.
D ividends .— j
1892-94.
1895.
1896.
1897.
1898.
Per cent. 5 6 yearly.
7*2
6
6
below.
In 1898, Jan., 1*2 p. o.; Apr., 1*2 p. o.; July, 1*2 p. c.; Oct., l ^ j ? . o.
B onds.—Sinkingfundpayments (amountingtn year 1897 to $172,000)
annually retire a portion of the first mortgage bonds at 105 and inter­
est, and after they are all drawn the general mortgage bonds become
subleot to same sinking fund and will be drawn at same price in such
annual amounts as will retire the debt at or before maturity. In April,
1898, $14,368,000 general 6s had been issued, of which $2,500,000
were reserved to retire firsts and $1,999,333 canceled.
A nnual R eport —Fiscal year ends Deo. 31. Report for 1897 was in
V. 66, p. 1234, showing gross income, $947,503; Interest, etc., $657,826; dividends, $300,000; bal., deficit, $10,s23. In 1896 gross
income, $1,012,794. In 1895 gross, $995,834.—(V. 67, p. 370.)
Chicago Sc W e st M ic h ig a n R y .—Owns from Lacrosse, Ind., to
Traverser City. 301 miles; Allegan to Pentwater, 98 miles; Big Rapids
Junction to Big Rapids, 52 miles; other branches, 37 miles; proprietary
line, Chicago & North Michigan (opened in July,1892), Traverse City to
Elk Rapids and Bay View, 93 m.; total o f all, 581 miles; sidings, 161
m.) Oar ferry between Milwaukee and Muskegon was opened in Dee..
1897. (V. 66, p. 38.) In 1897 agreed'to lease for ten years the Grand
Rapids Kalkaska & Southeastern RR. (construction of which was be­
gun in Oct.. 1897). to extend from Van Bureu, Mich., to Kalkaska,
thence southeast to timber lands; total, 3 1 miles.—V. 66, p. 854,857.
Organization , &c.—Organized Jan. 1,1879. Total tons carried in
1896 were 1,174,727, o f whioh lumber 42 p. c., coal 8*2 p. c., grain 4 p. o.
Coupons, E tc.—June, 1894, coupons on gen. mort. were purchased.
Subsequent Payments.
*2 cash,^ scrip.
8 0 p. c. cash, 20 p c. scrip.
■Ch. & W. M. 5s of 1881. Deo.,’94 to June,’97. Deo.,’97 to June, ’98.
Oh. & N. M. 5s of ’91. Nov.,’ 94 to May,’ 98.
N o v .,’ 98.
D ividends —In 1887, 2*2 p. c . ; in 1888, 2 ; in 1889, 2 ; in 1890,3; in
1891,3*2; in 1892, 3*2; in 1893,1*2 p. c.; none since.
L atest Earnings.—From Jan. 1 to July 31 (7 months):
7 months.
Gross.
Net.
Int., rent., Ac.
Balance.
$169,152
$241,283
<fe/.$72,131
1 8 9 8 ..................... $1,017,295
1 8 9 7 .....................
888,061
155,858
240,993
def. 85,135
A nnual R eport .—Report for year ending December 31,1897, was
in V. 66, p . 854, showing: Gross, $1,650,724; net, $350,326; other
income, $2,862; charges, $415,971; def., $62,783; 1896, gross, $1,642,617; net, $321,141.—(V. 66, p. 8 5 4 , 857,1044,1089; V. 67, p. 842.
C h ih u a h u a Sc Pacific R R . —In course o f construction from Chi­
huahua, Mexico, to Guerrero, 125 miles, to be completed by end of
1898. The company has a Government concession and the line is pro­
jected to the Pacific Coast. Stock is $2,500,000, all issued. No bonds
issued to O ct, 1898. V. 66, p. 573.
c h o c ta w Sc M em p h is R R .—Little Rock, Ark., to Mississippi
River, opposite Memphis, 133 miles Extension, Liitle Rock westerly
140 miles, to connection with Choctaw Oklahoma & Gulf, will be built
in 1898-99, making 273 miles in all owned.
Organization and L ease .—Incorporated Sept. 15, 1898. as suc­
cessor o f the Little Rock & Memphis, foreclosed Oct. 25,1898, and will
be leased to the C. O. & G. for a division o f through business on a mile­
age prorate sufficient to guarantee interest on preferred stock, 2 per
cent for first year, 3 p. c. for second year and 4 p. c. for third year and
thereafter. After payment of 6 per cent on preferred, one-half o f net
earnings to go to C. O. & G., the other half being available for divi­
dends on $1,750,000 common stock. V- 67, p. 126, 529.
Securities .—stock, $1,750,000 each of common and 6 p. c. pre­
ferred. First mortgage bonds, $3,400,000, of which $1.200,000 to ac­
quire the Little Rock & Memphis, and balance, $2,200,000, sold in
September, 1898, to extend the road from Little Rock westerly 140
miles to State line, to connect with Choctaw Okahoma & Gulf, as ex
tended, 13 miles. As to guaranty, etc., see above. (V. 67, p, 126, 529.)
C hoctaw O k la h om a Sc G u lf R R , - Wister, Indian Territory,
via South McAlester and Oklahoma City, to Fort Reno, 216 m iles;
c o a l mine branches, 4 m iles; total, 220 miles. The extension, South
McAlester to Oklahoma City, 120 miles, completed in September, 1895
Extension, 6 miles, Wister to Howe, on K. C. Pitts. & G., opened




June, 1898, and one of 25 m. from Western terminus through an agri­
cultural district completed about August, 1898. (V. 66, p. 133, 8l0.)
H istory .—A reorganization of the Choctaw Coal & Railway Co., sold
In foreclosure Sept. 9,1894. Holds valuable coal leases.
The Choctaw & Memphis will be extended in 1898-99 to form, with
this company’s road, a system 500 miles in length, reaching from cen­
tral Oklahoma to Memphis, Tenn. The C. & M. will be leased and in ­
terest on its securities practically guaranteed. See Choctaw & Mem­
phis above and V. 67, p. 529.
Stock .—Common stock, $3,750,000; par, $50; all held by voting trust
till July 1 ,1 8 9 9 ; preferred stock, 5 per cent (cumulative after Nov. 1,
1897), $4,000,000; outstanding. $3,999,700; par, $50. The preferred
shares were issued under the readjustment plan of 1896, see V. 62, p.
588, 778, 821, 8 6 8 -(V . 64, p. 134.)
D ividend .—On p r e f, Apr., 1898 (1st div.), 2 ^ p. o.; Oct.,1898,2 1 p. o.
e
B onds.—The prior lien 6s are redeemable at 105 after five years'
See adv. Chronicle , Sept. 22, 1894. General 5s for $1,000,000 are
reserved to retire prior lien bonds and in July, 1896, $1,500,000 (in­
cluding $1,200,000 surrendered under plan o f March. 1896) were held
for future additions, etc. On Nov. 1,1897, there was no floating debt
and no oar trusts. In Jan., 1898, $200,000 5s reported sold to build
extensions, making $3,195,000 5s outstanding.
L atest E arns.—10 mos., 5 1897-8.Gross, $1,318,199; net, $468,119
Nov. 1 to Aug. 31.
(1898-7.Gross,
950,847; net, 273,432
R eport .—Year ends Oct. 31. Report for 1896-7 was in V. 66, p. 130.
Years end.
Gross
Gross o f
Net
Interest
Balance,
Oct. 31— o f railroad,
mining.
o f both, and taxes.
for year.
1897........... $719,616
$511,728 $393,304 $225,974 sr.$167,330
1896 .......... 543,040
536,017
228,607
229,807
def. 1,200
Coal output in 1896-7 was 386,368 tons against 364,110 tons in
1895-6. President, Francis I. Gowen, Philadelphia.—(V. 67, p.126,529.)
C in cin n ati G eorgetow n Sc P o rtsm o u th .—Cincinnati, south­
easterly to Georgetown, 42 miles. Extension to West Union, O., 23
miles, projected, and grading expected to be begun about Oct., 1898.
Stock, $400,000; 1st mortgage, 6 per cents; $1,000 each, due April,
1901, $252,000 For year ending June 30, 1897, gross, $59,733; net,
$4,578; charges, $16,468; bal., deficit, $11,890.
C in cin n ati H a m ilto n Sc D ayton R y .—(See Map.)—Operates a
direct line between Cincinnati and Toledo, Ohio, with branches to
Indianapolis, Ind., and Ironton, on the Norfolk & western, eto.
Road owned—(HSee this Co.)Miles.
Roads controlled—
Miles.
Cincinnati to Dayton, 0 ............ 60 Cincinnati Hamilton & Ind...IT 99
Cincinnati Dayton & Ironton.. 164 Cincinnati & Dayton................. 13
Cin. Dayton & Chicago, eto___143
Trackage.................................... 20
Total o f all.............................641
Roads leased—
Owns jointly with Big Four DayDayton & Michigan................11142
>n & Union.
H istory , E tc.—Main line opened in 1851. Leased lines added at
various times sinoe. In July, 1895, consolidated with the Cin. Dayton
& Ironton and Cin. D. & Chicago under the name of Cin. Ham. & Dayton
Railway. V. 60, p. 1104; V. 61, p. 68. Indiana Decatur & Western
stock control was acquired in December, 1895, and that property will
be operated in connection with the O. H. & D. system, V. 61, p. 1064.
The Chicago & Ohio River division of Peoria Dec. & Evans., after
foreclosure, will be acquired by C. H. & D. interests. V. 66, p 1043.
The Cincinnati Hamilton & Dayton Traction Co. was organized in
November, 1896, to build and operate rapid transit lines in connection
with the C. H. < D. steam road—see Y. 64, p. 82.
fe
Stock .—Capital stock of C. H. & D. Railway is common $8,000,000;
preferred 5 p. c. non-cumulative, $8,000,000. Old railroad common
received l 65ioo shares of the new preferred and 2 shares of new com ­
mon for each old share. The new preferred is entitled to 5 p. o., then
common to 5 p. o.; then both share equally.
D ividends since consolidation—
1895.
1896 to Nov. 1898.
New preferred, issued in 1895...............
114%
5% yearly (Q-F.)
Old preferred, guar. 4 p. c .....................
4 per cent yearly (quarterly) .
B onds.—The general mortgage is for $7,800,000, o f which $4,800,000
reserved to retire the prior liens at maturity; the prior bonds must not
be extended. The mortgage covers the perpetual lease of the Dayton &
Michigan, the profits under which are large. Y. 54, p. 799; V. 55, p. 373
Guaranties .—The C. H. & D. guarantees certain securities of the
Cincinnati Hamilton & Ind. and Dayxon & Michigan—which see.
In May, 1895, C. H. & D. interests in Alabama Great Southern were
sold to Southern Ry. Control of Cin. N. O. & T. P. stock is held by
Southwestern Construction Co. (see V. 65, p. 1173) for C. H. & D. and
Southern Railway jointly. (V. 62, p. 1139; V. 63, p. 228.)
E arnings.—For 6 months ending Dec. 31, 1897, incl. Ind. Deo. &
West. Ry., gross, $2,801,448; net, after deducting taxes, $813,171;
in 1896, gross, $2,596,208; net, $682,437.
R eport .—Fiscal year ends June 30. Report in V. 66, p. 808, showed:
Year.
Gross.
Net.
D.& M. rent. Interest. Dividends. Bal., sur.
1896-7 ...$4,H27,a52 $1,398,670
$317,188 $710,570 $383,033 def.$12.121
1695-«.... 5,147.562
1,607.717
317.188
710,507
302,012 sur.278,010
1891-5.,.. 6,039,136
1,627,986
317,188
710,800
269,112 sur.330,885
—(V. 64, p. 82; V. 66, p. 8 0 8 ,1 0 4 3 }

67, 319.)

INVESTORS’
SUPPLEMENT.
[V o l .
l x v ii.




O ctober , 1898,]

RAILRO AD

STOCKS

AN D

BONDS.

'

45

Subscribers w i ll confer a great fa v o r by g iv in g im m ed ia te notice o f a n y error discovered in these T a b les.
Ronds—Princi­
INTEREST OR DIVIDENDS.
___ _____________ RAILROADS.________________
pal, When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
of
Par
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent Payable
on first page of tables.
Oin. Hamilton dt Indianan.—1st M., guar. p. & i ...
General mort. for $3,800,000, gold, to be guar...
Cincinnati Lebanon dt Northern—Stock $1,000,000
1st mortgage.............................................................o
Special mortgage (to redeem certificates)___
Cert, of indebt., oonv. into spec. mort. bonds
Cincinnati dt Muskingum Valley Ry.—1st mort.... o
Cincinnati New Orleans dt Texas Pacific—Stock.......
Car trusts, June 30,1898..................................... .
Cincinnati Portsmouth dt Virginia—Common stock
Preferred stock, non-cumulative (see text)..........
1st mortgage, $500,000, gold, red. at 105___c<fcr*
Cin. Richmond dt Ft. W.- 1st mort., gold, int. gu.o*
Oin. Saginaw dt Mack.—1st M., $2,000,000, goicL.c*
Glearflclddt Mahoning—1st M.g. ,gu.p. &i. (end. ).c*&r
Cleveland Akron dt Columbus.—
-atook.............
vfDUDitu uiuri. \uuw ib i ,; iui
g u iu ....c
Eauip. Trust & 2d mortgage, gold, (See text)
ov
1st consol, mort., $4,000,000, gold. See tex t—
Cleveland Belt dt Terminal—1st M. $1,000,000.......
Cleve. Canton dt South'n—Receivers’ certificates...
Cleveland & Canton 1st mortgage, assumed___o
Equip. Tr. & Improve. 2d M. ($2,000,000) gold o*
Coshocton & Southern 1st mort., gold, assumed..
Coupon notes....................................... .'------ -----Cleveland Chagrin Falls & Mo., 1st M., $200,000
Debentures, lien on rolling stock.......................
Waynesburgli & Canton lBt M.. gold.assumed.. .o
Gen. 1st M. Zanesville real estate, $200,000 iss...
CL Can. & So., consol. M., $26,000 p. m., gold-.o*
Equipment trusts June 30,1895............................
Real estate mortgages as on June 3 0 ,1 8 9 5 ........
Massillon RR. (leased) 1st mortgage.....................

99
99

1873
1893

38
38
38
148
336

1886
1894

107
107
108
86
53
26
177
177
6^3
161
161
30

6
___
....

1870

1895
1871
1890
1893
1887
1890
1893
1891
1887
1891
1887
1889
1889
1890
1888
1890
1892
___
1882

$1,800,000
7
See text.
5 g.
993,000
200,000
1,000
5
100, &c.
172,400
2 to 5
320,000
1,000
1,500,000
3,000,000
100
493,749
100
1,566,000
594,000 3 in 1898
100
400,000
1,000
5 g.
1,800,000
1,000
1,729,000
1,000
5 g.
650,000
1,000
5 g.
Í00
4,000,000
500, &o.
1,800,000
5 g1,000
730.000
6 g1,000 As collateral
5 g902,000
5 stk
124,000
2,000,000
1,000
1,000
1,121,000
1,000
600,000
26,000
1,000 As collateral
5
1,000
150,000
6
1,000
200,000
1,000 As collateral
5 g'
1,000
76,000
559,183
6 g*
105,700
110,000
$1, ">0
1,000

C in cin n ati H a m ilto n Sc In d ia n a p o lis R y .-(S e « Map O . I t .
dt D .)- Owns Hamilton, Ohio, west to Indianapolis, Ind., 99 miles.
Stock .—Common stock ($2,500,000) is all owned by the Cincinnati
Hamilton & Dayton, which operates the road, V. 57, p. 144. Pre­
ferred non-cumulative 7 per cent stock, $281,679.
B onds.—The first mortgage bonds are guaranteed by the C. H. & D.
(authorized $2,500,000), but $700,000, under an agreement of 1880.
will not be issued. The general mortgage, of which Continental Trust
Co. o f New York and the Union Trust Co. of Cincinnati are trustees, is
for $3,800,000, of which sufficient reserved to retire first mort. bonds
at maturity; $1,333,000 issued, but held in the treasury.
E arnings.—In year ending June 30, 1897,1 gross, $632,212; net
$77,456; interest, taxes, eto., $386,371; balance, deficit for year
$308,915. In 1895-96, gross, $698,350; net, $115,404.
C in cin n ati J a ck so n Sc m a ck in a w R y .—Sold in 1897 to Reor­
ganization Committee, and divided between the Cincinnati North. RR.
and the Detroit Toledo & Mil. RR., which see. Holders o f the $4,234,000 old 4 p. c. bonds deposited under the plan of Deo. 10, 1895, as
modified (V. 61, p. 1106; V. 04, p. 41,) were entitled Sept. 30,1897, to
the securities mentioned in Chronicle of Oct. 2,1897, p. 620.
Year ending June 30,1897. gross, $632,212; net,$77, 456. Report
for 1895 V. 62, p. 11 3 7.-(V . 65, p. 70, 620.)
C in cin n ati L eb a n o n Sc N orth ern R y .—Cincinnati, O., to
Dodds, O., 36 miles; branches, 2 miles; total, 38 miles. Purchased in
May, 1896, by the Pennsylvania Company. The “ special mortgage”
bears interest until July 1,1899, at 2 p. o., and thereafter at 5 p. c.
Consolidated mortgage b »nds for $500,000 were authorized to retire
first mortgage bonds and for improv ments; all in treasury. Year
ending June 30,1897, gross, $131,600; net, $46,737; charges, $20,200;
balance, surplus $26,537. In 1895-6, gross. $142,695; net, $49,320.
(V. 62, p. 502, 548, 988.) Secretary, S. B. Liggett, Pittsburg, Pa.
C in cin n ati Sc JHnskingnm Valley U R , - f See map o f Pittsburg
Cincinnati Chicago dt St. Louis.)—Owns Morrow. Ohio, to Trinway, O.,
148 miles. Successor in Aug. 1, 1898, to the Cin. <s Musk. Val. Ry.,
which was reorganized in 1870, and sold under foreclosure June 29,
1898, and purchased in the interest of the Penn. RR. V. 67, p. 27.
The re-capitalizatio li plan has not yet been announced. The new bonds
will probably be 4*28, but may be 4s. V. 67, p. 176. Pennsylvania
RR. owns $754,000 of the $1,500,000 old bonds. V. 55, p. 1078.
E arnings.—Fiscal year ends Deo. 31. Report 1897 in V. 66, p. 855Tr.end. Dec.31. Cross.
Set.
Interest,dtc.
Balance.
$38,813
$110,092
def.$71,279
1897................. $446,458
1896................. 410,635
68,254
108,238
def. 39,984
—(V. 64, p. 9 9 7 ; V. 66, p. 8 5 5 , 856,1044; V. 67, p. 27,176, 222.)
C in cin n a ti N ew O rleans Sc T ex a s Pacific R y .—R oad .—Ope­
rates Cincinnati Southern Ry., Cincinnati to Chattanooga, Tenn., 336 m.
H istory , E tc.—Organized in 1881 under laws of Ohio to lease the
Cincinnati Southern Railroad, owned by the City of Cincinnati. In
October, 1895, a majority of the capital stock (including $500,100
purchased by So. Ry. Co. and $1,000,000 by Ala. Great Southern Ry.
Co.) was held by Southwestern Construction Co. for joint benefit of Sou.
Ry. Co. and Cin. Hamilton & Dayt. see V. 61, p. 26 and V. 65, p. 1173.
Rental due City of Cincinnati $1,012,000 till Oct. 12, 1896;
$1,102,000 till Oct. 12, 1901, and $1,262,000 till 1906. Betterments
have averaged (to June 30,1898), $138,167 per annum since beginning
of,lease ana revert to city of Cincinnati.—See V. 62, p. 232. In May,
1898, the Ohio Legislature passed a bill to allow the people of Cincin­
nati to vote on proposition to extend lease o f Cincinnati Southern,
expiring in 1906, and to authorize is-uie o f $2,500,000 bonds to pay
for improvement o f terminals. V. 66, p, 900.
R eceivership .—S. M. Felton was on March 19, 1893, appointed re­
ceiver. A judgment for about $400,000 obtained against the oompany
in May, 1897, and sale of the road will be brought about—V. 65, p.
565,1173. Action brought to assess stockholders was opposed on
the ground that the assets in the receiver’s hands are sufficient to pay
debts. V. 67, p. 125. Car trusts June 30, 1896, $493,749; bills paya­
ble June 30,1898, none.
L atest E arnings .—3 mos., J 1898...Gross, $1,266,904; net, $449,859
July 1 to Sept. 30.
(1 8 9 7 ...Gross,
944,458 ; net, 308,229
A nnual R eport .—Report for 1896-7 was in V. 65, p. 565. Average
freight train load 389 tons in 1897-8, against 331 tons in 1896-7.
Tear end. June 30. 1898.
1897.
1896.
1895.
Gross earnings.........$4,128,118 $3,440,506 $3,685,865 $3,487,942
Net earnings............. 1,389,682
1,097,325
1,039,992
976,767
Rental paid.............. 1,102,000
1,076,839
1,061,110
1,044,878
Miscellaneous...____
$13,404
14,803
2,056
2,489
Balance.......... sur.$274,278 sur.$5,683 def. $23,174 df. $70,600
—Y. 65,p. 5 65,1 1 7 3 ; V .66,p. 573,900; V. 67, p. 125.
C in cin n a ti N orthern H R .—Owns from Franklin, O., via Addion Juno., to Jackson, Mich., 205 miles; trackage (C. C. C. & St. L.)
Franklin to Cincinnati, 42 m. Owns terminal property in Cincinnati.
Organized in June, 1897, and took over the Ohio Division of Cincin­
nati Jackson & Mackinaw and then built 19 miles of road from Addi­
son Juno, to Jackson and acquired valuable terminals in Cincinnati.
In Oct., 1898, reorganization committee receipts represented the




J. & J. N.Y .,Kessler&Co54Wall Jan. 1, 1903
June, 1943
J. & D.
J. & J. Clnn., Cen.Tr.&S.D.Co, Jan., 1916
July 1, 1914
do
do
J. & J.
J. & J. Jan., ’89, pd.M ay 1, ’98 Jan. 1, 1901
Oct. 19,1891
To Sept., 1903
Various
Aug.10,’98,1%
June 1, 1925
June 1, 1921
Jan. 1, 1920
Jan. 1, 1943
Oct. 3, 1892
Hamilton Tr., Bk’lyn, Moh. 1, 1927
do & 80 B’ way, N. Y. Aug. 1, 1930
Deo. 1, 1943
Jan. 1, 1941
Boston, Co.’s Office.

Cincinnati, Ohio.
Investm’t Tr.Co.,Phila.
N. Y., Winslow, L. & Co.
New York and London.
N. Y., Guaranty Tr. Co.

J.
J.
J.
J.
J.

&
&
&
&
&

J.
D.
D.
J.
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M.
F.
J.
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&

S.
A.
D.
D.

J.
A.
J.
A.
A.
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& J. July, i.895, not paid.
& O. Apr.,’93,ooup.last paid.
& J. July, ’ 93, coup, last pd.
& O.
& O.
& N.
& D. June,’ 93, coup, last pd.
& J.
& N.
& N.

M. & S.

Boston.

July 1, 1917
July 1, 1917
July, 1917
Apr. 1, 1894
Apr. 1, 1929
May 1, 1896
June 1, 1928
Jan. 1, 1941
May 1, 1942
Moh. 1, 1912

securities which had not yet been issued. The amount of new securi­
ties had not been definitely determined in Oct., 1898.
C in cin n a ti P o rtsm o u th Sc V irg in ia R R . —Owns from Idlewild, o ., to Soiotoville, 107 miles; trackage (Cin. Lebanon & Nor.
to Cmoinnati, 4 m iles; total, 111 miles. Ohio & Northwestern was sold
in foreclosure Maroh 13,1890, and reorganized as above June 24,1891.
Preferred stock is entitled to 5 per cent non-cumulative dividends, then
common to 5, then both pro rata. Preferred in Jan., 1896. paid 3 p. c.;
July, 1896, 2 p. c.; In 1897,4 p. c.; in 1898, Jan., 2 p. o.; Aug. 1, L p. o.
Bonds—In June, 1895, Issued a mortgage for $500,000 o f 5 per
cent bonds for tnprovements and equipment. Bonds are subject to
call at 105 on ninety days notice in the order o f their numbers. Trus­
tee, Investment Trust Co. of Philadelphia.
E arnings.—2 m os.,) 1898...................... Gross, $50,711; net, $16,263
July 1 to Aug. 31. s 1897.......................Gross, 50,312; net, 14.570
E arnings.—For year 1897-8, gross, $270,384; net, $47,721; taxes,
$8,160; mt., $17,456; div., $17,820; ba l„ surplus, $4,295. In 1896-7,
gross, $258,652; net, $34,850.—(V. 63, p. 7 9 1 ; V. 64, p. 1180.
C in cin n ati R ic h m o n d Sc F ort W a yn e R R .—Owns from Rich­
mond, Ind., to Adams, Ind., 86 miles; leases 5 miles o f P. F. W. & C.
Now operated (January, 1898), by Grand Rapids & Indiana Ry. for
net earnings as rental. Interest Is guaranteed by the Pennsyl vanla Co.
and Pitts ourg Cin. Chicago & St. L. Co. jointly (the P. C. 0. < St. L.
fe
taking the place of the Cin. Hamilton & Dayton in 1888). Stock, $1,709,313—par, $50, of whioh Penn. Co. Deo. 31,1897, owned $1,256,.
900. Due guarantors Deo. 31,1897, $1,318,338.
E arnings.—Jan. 1 to Oot. 7, were $342,648 in ’98} $307,074 in ’ 97
Tear end. Dec. 31. Cross.
Net
Interest.dtc.
Balance.
1897.....................$406,644
$94,674
$129,412
def.$34,738
1896................... . 394,411
94,883
126,300
def. 31,417
Clearfield & O TahnnlngR y.—
Map Buf.Roch. dt Puts.)—Owns
road, completed in 1893, from Du Bois Juno. Penn., on Buff. R & P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester & Pittsburg—
whioh see—at a rental payable in gold and equal to 6 per cent on
$750,000 stock, par $50, and 5 per cent on bonds, the latter being guar,
p. & L, by indorsement on each. -S ee V. 61, p. 710.
C leveland A k ro n & C olu m b u s R a ilw a y .—Owns from H ud­
son, O., to Columbus, O., 144 miles; Dresden branch, Kilbuok to Trin­
way, 33 miles; coal spurs, 14 miles; total owned, 191 m iles; trackage
Hudson to Cleveland, 26 miles, and Trinway to Zanesville, 16 miles.
History .—Reorganized underthis title in January, 1886. In Septem­
ber, 1895, Calvin s. Brioe purchased control and was elected president.
In Oct., 1898, judgments aggregating nearly $150,000 were obtained
on notes given for rolling stock and other material.—V. 67, p. 735. J
D ividends . ) 1886.
’87.
’89.
’ 90.
’ 91.
’ 92.
None
Percent. > Ha
Ha
1
1
1
1*4
since.
B onds.—The equipment bonds are redeemable at 100 and interest on
August 1,1900, and at 105 and interest on any August 1 thereafter
prior to 193u. Bonds in excess o f $730,000 have been canceled and
cannot now be issued. To June 30, 1897, none o f the first consol. 5s
had been sold but $700,000 were outstanding as collateral. Equip­
ment trusts|Deo. 1,1897,$316,020; bills payable June30,’97, $351,728.
A nnual R eport .—Fiscal year ends June 30. Report for 1896-97
was in V. 65, p. 1170. In 1897-8, gross, $864,002; net, $246,210; interest,
rentals, etc., $203,160; balance, surplus for year, $41,050. In 1896-97
gross, $718,051; net, $140,137. Equipment payments (additional to
charges above) amounted to $95,779 in 1895-96.—(V. 67, p. 735.)
C leveland R elt Sc T e r m in a l R R . —Owns 61 miles terminal
a
road, or 13 miles including side traoks, at Cleveland, Ohio. Stook,
common, $3,001,000; preferred, $178,000; par $100. Mortgage
trustee, International Trust Co.. Boston. Interest on the firsts
is payable in preferred stook. Loans and bills payable June 30,
1896, $21,700. For year 1896-97, gross, $23,147; net $7,968; int. and
taxes, $2,305; bal.,sur , $5,663. In 1895-96,gross,$28,659; net,$9,005.
C leveland Canton Sc Southern R R . —Owns Cleveland to Zanes­
ville, O., 145 miles; Canton to Sherrods ville, 43 miles; other branohes
16 m.; leases Massillon R R , 6 m.; total, 210 miles. (V. 54, p. 844).
R eceivership .—J. W. Wardwell is reoeiver.
F oreclosure .—Foreclosure of Coshocton < Southern mort. begun
fe
in 1895. Knickerbocker Trust Co., trustee of consol, mortgage of
1892, filed notice of foreclosure proceedings on Nov. 16,1894, and
in August, 1897, filed a oross-bill attacking the validity of the Cleve. &
Canton first 5s.—V. 65, p. 277. As to coupons in default, see table
above. In June, 1898, foreclosure decree under the Cleveland & Can­
ton first m ortgageof 1887 was obtained. No immediate sale expected.
As to Coshocton & So., see V. 67, p. 176.
R eorganization .—In October, 1898, negotiations looking to reor­
ganization were pending between the several interests.
Committees.—Cleveland dt Canton first mortgage committee : Charles
A. Peabody, Jr., H. L. Thomell andH. K. Pomroy; depositary, Mercan­
tile Trust Co. v. 59, p. 697. This committee’s Trust Co. reoeipts fo r
$2,000,000 firsts have been listed on N. Y. Stook Exchange.
Cleveland dt Canton equip, trust and improvement bondholders’ com mittee.—Morgan Rotoh, H. B. Hollins H. F. Dimock, C. T. B a rn ey,

4 6 __________
INVESTORS’
SUPPLEMENT.
[V o l .
l x v h




BONDS.
RAILRO AD ^STOCKS AN D
1898. J

October,



48

IN TEST0R8’ SUPPLEMENT.

[V o i* L X V I I .

Subscriber« w ill con fer a great fa v o r toy g iv in g Im m ed iate n otice o f a n y error discovered In these T a b le s.
RAILROADS.
Bonete—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
For explanation o f column headings, Ac., see notes of
Amount
of
Par
Rate per When
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
Cleveland Cincinnati Chicago & St. L ouis—
Common stock ($28,700,000 authorized)
$100 $27,987.835
F. A A.
Preferred stock, 5 per cent, non-cumulative.........
100 10,000,000 5 in 1898 Q.—J. N.Y.,J. P. MorganACo. Aug.,’ 93. l h %
do
do
Oct.20*98,1 h i
■
-.it Æ c -con-M .,draw n at 105, s.f. 1 p. 0.0* 175 1880
1,000
703.000
6
M. A N.
do
do
May 1, 1920
RaT6*-'T
l8$M.. $10,000,000 gold, s.f. not dr’n..o<fer
1886 1,000Ac
7.685.000
Q.—F.
do
do
Aug. 1, 1936
“ ortgage (part due yearly)............ i ’l 9 1864
1,000
26,000
J. A J.
do
do
Clev. Col. Cin. A Ind. 1st M., sinking fund
to Jan. 1, ’99
391 1869
1,000
3.000.
000 7
M. A N.
do
Consol, mortgage (see text)........
do
May 1, 1899
391 1874
1,000
4.138.000 7 or 6 g. J. A D.
do
do
June 1, 1914
Gen. consol, mort, ($12,000.000) g ô id !" “ ô"Â 'r 391 1884
1,000
3.205.000
J. A J.
do
do
Jan. 1, 1934
« S t . L. 1st mort., in 3 ser. of $667.000 o
72 1869
1,000
2.000.
000 ? * Various
do
do
July 1, 1919
72 1882
1,000
500.000
do
do
Cl. Cin. Ch. &St. L., White Water Val. Div, 1st. g. o*
Nov. 1, 1912
f *' M. A N.
62 1890
1,000
650.000
J. A J.
do
do
July 1, 1940
Columbus Springfield A Cincinnati 1st M ort...
45 1871
1,000
78,000
7 * ' M. A S.
do
do
Spring. & C â . Div. (Col. Sp. & Cin.), 1st M.,g.o*
Sept. 1, 1901
45 1890 500 Ao.
1,103,730
do
4 g. M. A S.
>
do
Cairo Division 1st Mort., $5,000,000, gold o” 267 1890
Sept. 1, 1940
1,000
5.000. 000
do
do
Jan. 1, 1939
™ M o n ,o o n * te T * l trust, g old ... .0 Ar 194 1890 l,000Ac alO,000,000
Ì g J. A N.
< M. A J.
do
do
Cin. Wab. A Mich. Div. 1st mortgage, gold
ox 203 1891
Nov. 1, 1990
1,000
4.000.
000 A g- J. A J.
do
do
Gen. mort. 100 year for $50,000,000 g
*o"Ar 1,808 1893
July 1, 1991
1,000
8.574.000
do
do
i f : J. A D.
June 1, 1993
Obligations fob P roprietary L ines.”
Cincinnati Lafayette A Chicago,1st mort., gold o
56 1871
1,000
792.000
M. A S.
do
do
Cincinnati Sandusky A Cleveland—Pref. stock '
Sept. 1, 1901
50
428,997
I e- M. A N.
do
do
Consol, (now 1st) M. ($3,000,000) gold.
” c 170 1888
Nov. 1,’98, 3%
1,000
2.571.000
J. A J.
do
Cincinnati A Spring.—1st m., p.A Lgu. See toxt.o
do
Jan. 1, 1928
48 1871
1,000
2.000.
000 ?*• A. A O.
do
do
2d mortgage, Big Pour owns $526,000 more o
Apr. 1, 1901
48 1872
1,000
125.000
7
J. A J.
do
do
Louisv. A Jeffersony. Bridge 1st M.—See that Co.
Jan. 1, 1902
Cleveland Lorain A Wheel.—Prêt, stock $5,000 000
100
5.000.
000
N. Y., Blair 33 Wall St. Oot., ’96,1%
CLLor.A W.Ry., 1st M.,(now 1st) $5,000,000* g o* 192 1893
5.000.
000 5 8 - A. A O.
do
do
Oct. 1, 1933
General mortgage, $1,000,000, gold, N.
c 192 1896 1,000
1,000
400.000
J. A D.
do
do
Car trusts (due $5,000 monthly) June 30,*i898"
June 1, 1936
325,724
i g J. A J.
<
Clev. A Mah. Val.—Con.M. (now lst)$3,000,000,g ofer 125 1888 l.OOOAo
M’thly to 1902
2.935.000
5 g. See text N. Y.,Winslow,Lan. ACo. Jan. 1, 1938
Clev. A Mar.—1st M., s. f., not drw., gold, guar c*
97 1895
1,000
1.250.000
4*2 g. M. A N. N. Y., Farm. L. A T. Co. May 1, 1935
a . Of these $344,000 in sinking fund June! ’98
George P. Messervy, George N. Smalley, Charles H. French; deposita'
nes International Trust Co., Boston, and U. S. Mortgage Co N Y V- 1oo ? '7 : $574-0 °° were al8° Issued in 1897 for prior bonds. V. 64. p.
V
59, p. 920, 1006. Consolidated Mortgage—Robert Maclav, Louis C 1 n u ‘ I?mon Trust Co. of Indianapolis is trustee.
Ledyard and William Rotoh. Coshocton A Southern—P W Smith C. „ i 116 Cincinnati Sandusky A Cleveland consols of 1888 are now a first
tte $ 3 ,000.000 authorized, $428,850 can only be issued on reW. Plummer and O. Prescott; depositary is International'Trust Co., Hr« ’
tirement of like amounts of the preferred stook.
Boston; more than two-thirds have been deposited.
h
Springfield firsts are guaranteed, $1,000,000 o f
* 19
T7oo
A r w M iw i 1
capital stock outstanding was
(now consolidated with Cl. Cin. Oh. A St. L.)
$12,799,459, of which $4,151,209 was common and $8,648.250 nre- and $1,000,000 bv the Lake Shore A Mioh. So.
ferred ; funded debt, $4,o47,000, including equipment trust obliffaJuly 1. 1898, bills payable only $3,425;
tions, $485,982; floating debt, $2 156,511. The ouTtanding bonds fre
$ ¿34,300 equipment notes, payable in monthly instalments,
?Lae P ^ 0veua-8
r
State RR. Commission June 30, SiSf?
1895, though in 1893 two of the loans were out merely as collateral. $78,10° becoming due in 1898-99. Guarantees interest on Louisville
80 » 71116 brirt« e bonds jointly with the Ches. * O.
Xnm6ri? ™so f 909> 0 9 (tIie balance of the authorized issue of $2,000,0
Trame.—In calendar year
carried
tons,
999> I n e e 1 1 t P aat0Ii «auiprnent and improvement bonds and bituminous coal furnished 20 1895 grain 12 8,848,275lumberof which
? !?
p. 0.,
p. 0. and
11 p. 0.
$584,0000. C. A So. 1st consols., for a loan of $900,000. See V. 66, p. 573.
L atest E arnings.—From July 1 to Aug. 31 (2 months.)—
E arnings.—2 months, ) 1898...........Gross, $120,438; net, $16,405
July 1 to Aug. 31.
51897......... Gross,
90,432; net!
13,880 iq o q 08.
Cross.
Net.
Ini., Ac.
Bal., sur.
A nnual R eport .—In 1897-98, gross, $692,231; net, $131,849. 1898..................................... $2,455,703 $669,326 $478,419 $190,907
550,035
478,799
Fiscal year ends June 30. For 1896-97, gross was $687,959; net (over 1897...................................... 2,349,666
71,236
R e port.—Fiscal year ends June 30. Annual meeting last
Wednesduy in October. Report for 1897-98, with balance sheet* Ao.,
in V. 67, p. 526, 533. See also editorial, p. 508.
C le v e la n d C in c in n a t i C h ic a g o & St. L o u i s R y .—(See Man )—
Year end'g June 30— 1898.
1897.
1896.
1895
Operates an extensive system of roads radiating from Indianapolis.
Ind., westerly to Chicago, Peoria, Cairo, III., St. Louis, and east- Passenger earning8.$3’ 850 ,126 $3,665,193 $4,035,326 $3,785,410
8,254,873
8,576,700 8,783,929
erly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, and Freight..................... 9,237’,507
930,657
912,449
847,982
815,317
southerly to Louisville, with branches. As shown on map the system Mail and express.. . .
comprises: if See this company.
p
3
Total earnings...$14,018,290 $12,832,515 $13,460,008 $13,384,656
Owned directly—
Miles.
Leased and controlled.
Miles. Oper g exp. A taxes. 10,968,367 9,864,665 10,293,703 10 254,068
Cleveland, O.,to Columbus,O.. 138 Cincinnati A Springfield Ry.—
P. 0. op. ex. to earns.
78-24
76-87
76-47
76-61
Gallon, O., to Indianapolis.......203
Lud.G’ve(6m.fr.Cin.)to Day’n 48
Delaware to Springfield........... 50 Colum. Hope A Greensb’g RR.— 26
Net earnings....$3,049,923 $2,967,850 $3,166,305 $3,130,588
Cincinnati to Lafayette............. 175
Trackage into Cincinnati, Ao. 32 Rentals, luterest,Ao.
336,992
284,596
252,319
263,744
Indianapolis to Terre Haute___72
Harrison Branch....................... 7
Total included in earns... 1,838
Total net noome. $3,386,915 $3,252,446 $3,418,624 $3,394,332
Leased—entire stock owned—
Operated; earns, kept separate— Interest on bonds... $2,708,691 $2,687,049 $2,639,863 $ 2,642,159
Cincin. Lafayette A CMo. By.— 57 Peoria A East’n Ry. (tf).—
352 Renta18,etc...............
196,333
237,091
204,647
202 547
Oairo Vincennes A Chic. Ry.—
Kankakee A Seneca RR.—
42 Dividends.................
375,000
375,000
500,000
500I000
Cairo, 111., to Tilton A branoh.267 Mt. Gilead Short L in e ........
2
St. Lou. Div. T. H. to E. St. L.193
Columbus Springfield A Cin.—
Total of system J une 30,’98.2.234
8ur-* 71-1 1 8 “ r-» ‘ 9-6!!6
"1
Columbus, O.Tto Springfield.. 45 Trackage 01, Cent, into Chic.
White Water—Harrison, Ind., to
56
Cleveland. L o ra in A W h e e lin g R y .—f See Map.)—Owns from
On peidontage basis..........
Hagerstown, Ind..................... 62 Trackage into Jeffersonville
Lorain, O., to Bridgeport, O., opposite wheeling, W. Va., 158 miles;
Cin. Wabash A Michigan Ry.—
53 Lester to Cleveland, 28 miles, and branch to Bellaire, O., 6 miles;
B & O. S. W........................
Benton Harb. to Rushv. A Br.249
total, 192 miles, and has trackage into Wheeling.
Operates independently—"
Other lines (a)............................. 44 Dayton A Un. RR. (fl>............. , ,
47
H istory .—This railway is a consolidation Nov. 23,1893, o f the C. L.
Cincin. Sandusky A Cleve. Ry.—
Double tr a c k .......... .................. 60 & W. railroad and the Cleve. A Southwestern. (See V. 57, p. 979.)
Sand’sky, O., to Dayt’n, O.eto.170
a No debt, or bonds all owned.
Stock .—Common, $8,000,000, and preferred, nou-oumulative, 5 p. 0..
The oompany is also one-fourth owner of the Peoria A Pekin Union
dividends o 5 p. o. have been paid
Ry., one-seventh owner in the Terminal Railroad Association of St $5,000,000, par $100. Afterstocks share falike.—V. 60, p. 1058. on the
Louis and two-fifths owner of the Indianapolis Union Railwav and preferred and common both
D ividends .—On preferred in 1896, 3 p. 0.; none since.
partial owner of Dayton A Union, which is operated independently? 4
B onds.—The consolidated mortgage for $5,000,000 (U. S. Mtge.
H istory , E tc.—A consolidation of the Cincinnati Indiananrti«» at
LouisAOhioago Railway Company, the Cleveland Colum b^C inoto- Co., N. Y „ trustee) covers 192 miles main line, including the extension
of 28 miles to Cleveland, completed in Deo., 1894; also 70 miles sidings,
nati A Indianapolis RaUway Company and the Indianapolis A St Cou?r
Railway Company, made in July, 1889, per plan in V. 48, p 427 It equipment, terminals, etc., now owned or hereafter acquired. The
is one o f the so-oaUed Vanderbilt roads. The St. Louis Alton A Terre fW O ’OOO Cleve. Tuso. Val. A Wheeling firsts bonds were paid Oot. 1,
Haute main line and branch were purchased in 1890 for *10 000 non Aa 1898, leaving the consols an absolute nrst mortgage on the entire road
and reducing fixed oharges $14,000 yearly.—V. 67, p. 633. Bills pay­
In 1889 acquired the entire stock of the Cairo Vincennes A Phi
v
y 3
and in 1890 leased the Peoria A Eastern (which see). In&1890 alfo able June 30, 1898, $88,800.
practically absorbed the Columbus Springfield A Cincinnati and h?«
y 0ar ending June 30, 1898, gross, $1,501,431; net,
Cincinnati Sandusky A Cleveland. Entire common stook o f the lltter $438,924; interest on bonds, $284,000; interest on oar trusts, $13,874;
18 SH&SSr aHd under a lease running till 1969 interest is paid on bonds accounts written off, $6,161; balance, $458,277. In 1896-97. gross.
and dividends on preferred s to o k T v . 51, p. 457, 608.
p
oonas $1,205,148; net, $324,065. Report for 1895-96 was in V. 64, p. 39,
Cafital Stock .—According to Ohio statutes company has privilege R o w in g : Gross, $1,586,917; net, $442,752.—(V. 64, p. 3 9 , 568; V. 67!
o f retiring preferred stook at par after June 27,1892? On Jan 1 lson®
the common stock was $20,500,000; it has been increased to pres­
C leveland A ffla h on ln g V a lley R y . - Owns from Cleveland.
ent figure to acquire stocks o f lines absorbed, etc.
.p
O., to Sharon, P a.,81 miles [57 double traok]; Niles, O., to New Lisbon,
O., and brauohes, 44 miles. Leased to Nypano RR. (formerly N. Y ..
D ividends —
1890. ’ 91.
'92.
’93.
’94-’96
’ 97
>qa
Penn. A Ohio) till 1962; rental $514.180 per annum, payable monthly.
Common . . . . . . .> 4 p. 0.
3
3
3
n o n e ’ nonA
Preferred............5 From 1890 to 1896, inel., 5%.
213
‘5" In 1896 consols for $455,000 were issued to retire the last of the prior
a first lien on the entire
B onds.—TLe sinking fund provision of the Cleveland Columbus Cin­ bonds and the consols are now interest, Q.—J. Stook is road. Coupon
$3,259,200, of
cinnati A Indianapolis consol, bonds (stamped) has been canceled The interest is J. A J., registeredAtlantic First Leased Lines Rental Trust
which $2,758,250 is held by “
principal o f these bonds is payable in gold, but the interest is payable Co., Limited,” of Loudon. Dividends, usually 12 to 13 per cent per
at option o f holder eitoer in lawful money at 7 per cent per annum o? annum; in 1897,13% p. 0.—V. 63, p. 968.)
in British sterling at 6 p. 0.
*
m or
Of the Indianapolis A St. Louis first mortgage bonds series “ a »
C leveland A m arietta R y .—6wns from Marietta, O., to Canal
J. A J.; series “ B,” M. A 8.; series “ C,” M. A NT
A are Dover, and branch, 103 miles, and 8 miles, Valley Junotion to Canal
St. Louis Division bonds, see deed of trust V. 52, p. 42-45
Dover, leased. Pennsylvania RR. obtained control in Oot., 1893 having
As to the Cincinnati Wabash A Mich. 4 per cents?see V 52 p 718
purchased about two-thirds of the stook. Stook, $2,000,000—par $L0(f;
The 100 year mortgage of 1893 is limited to $50,000,000 of which
B onds.—New first mortgage for $2,000,000 is dated May 1,1895
$29,252,000 were reserved to retire at maturity bonds outstanding on
the various lines (exclusive of Cairo division, Peoria division Michigan and is guaranteed as to principal and interest by the Penn. Oomvanu
(trustee, Farmers’ L. A T . Co., N.Y.). Sinking fund of 1 p. 0. com ­
division and the St. Louis division west of Terre Haute)- of thehai
ance, $=>,000,000 were authorized to be sold at once for double track mences July 1, 1896; bonds bought at par but not subject to call.
equipment, etc., and the remaining $15,748,000 can now be issued
R eport for 1897, In V. 66, p. 950,shows gross $355,720; net. $9.058
since July 1,1894,) for new construction, eta, at the rate of $1 000 $712; interest on bonds, $56,659; balance. ef..for
■000 a year; $1,000,000 were so issued in 1895-6, and $1,000 000 in other income,1896 gross, $360,308; net, $52,269.—(V. 66,dp. 9 5 0 vear*
$46,884. In
)




October, 1898.]

RAILROAD STOCKS AND RONDS.

4 9

*a b > c r lb w » w ill con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In these T a b le s.
RAILROADS.
JSo»uZ«-PrinoiINTEREST OR DIVIDENDS.
Miles Date Size, or
pal. When Due.
Amount
For explanation o f column headings, &o., see notes of
of
Par
Rate Per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Clove. A Pittsb.—Stock, 7 p. c. guar, by Penn. C o ....
$50 $11,226,050
Q .-M . N. Y., Winslow, Lanier, S ep t.l.»98 ,l*
7
Consol, sink, fund mort. for $5,000,000,notdr’ n .c 199 1867
1,000
1.285.000
M. & N.
7
do
do
Nov. 1, 1900
Gen. M. for $10,000,000 gold > series A , ......... o’
199 1892
1,000
3.000.
000 4*3 g. J. & J.
do
do
Jan. 1, 1942
guar. p. & i. (end.) Pa. RR. >series B ............... 199 1892
1,000
1.628.000
4 1 g. A. & O.
!»
do
do
Oct. 1, 1942
Clev. Term’l A Valley—1st M., $6,000,000 gold.o*&r
75 1895
1,000
5.515.000
4 g. M. & N. N.Y., Brown Bros.de Co, Nov. 1, 1995
Coast B y.ofN . Scotia.—1stM. $5,000,000 ....I B .c *
1895
$& &
450.000
5
A. & O. Boston, N. Y. & London. Oct. 1, 1945
Colebrookdale—1stM. ,$593,400,und. Read.M of*96o " i s 1868 100 &o,
600.000
6
I. * D, Phila., Read. Co. Office, June 1, 1898
Colorado Midland—Common stock, $4,000,000....
100
3,421,300 To be in voting t rust for 6 years or mor e.
Preferred stock. 4 per cent, non-cum.,$6,000,000
100
4,644,800 To be in voting t rust for 6 years or mor e.
Pr.lien lstM.bds.,N<>s. 9,501 to 10,000,incl.(text)
To be issued only if n e cessar y prior to July, 1903.
1st mortgage, $10,000,000. See text......... C e. o*
1897
1,000
6.250.000 2-3-4 g. J. & J. N. Y , Central Trust,
July 1, 1947
_
do
do
.......... Ce.c*
1897
1,000
1.011.000
4 g. J. & J.
do
do
July 1, 1947
Equipment bonds, B., drawn at 105, gold.......... e
1890
1,000
134.000
J. & J. July,’ 98, pd. when due Jan. 1, 1900
Col. Wyoming A Gt. No.—1st M., $6,000,COO, g .. c*
2 g*
1895
500.000
Philadelphia.
Mav 1, 1920
5 e ’ M. & N.
Col. Newb. A Laurens—1st M.,g.,$3,000,000..S B a
63 1887
i ‘,000
899.000
6 g. J. & J. Nat. Far. de P. Bk., Balt. July 1, 1937
Incom e b o n d s ............ ............................................
47,068
Columbus A Cincinnati Midland—
-Common stock..
2.000. 000
Owne d b y B. de O.
Preferred stock (see remarks) non-voting.............
1,000,000
J. & J. Jan., ’ 96 div. last paid. Jan., 1896
1st M .,ext., guar. p. &i. by Cent. O.andB. & O.o"
71 1884
1,000
2,000,000
‘ Ï 4 ' J. & J. Jan., ’9'., paid May, ’98 Jan. 1,1939
Columb. J T Val. & Tol.—Common s to c k ..............
E.
100 11,696,300
Pfd., non-cumulative, red. at 100.................. .
100
2.500.000
5
J. & J.
Jan.2,’9 7 , 2 ^
Receiver’ s certificates, $500,000, gold (see text).
1897
500.000
5 g. Matur’y Cleveland,0.,Soo.f. Sav.
Col. & Hook. Val. 1st M., 7s, ext. to Oct., 1899.C'’
76 1867 5ÓÒ&0.
1.401.000
6 g. A. & O. N. Y., J.P.Morgan de Co. Oct. 1, 1899
Col. & Toledo 1st M. (Columbus to Walbridge)..e* 118 1875
1,000
2.500.000
7
P. & A. N. Y., State Trust Co. Aug. 1, 1905
CoL & Tol. 2d mort. (Columbus to W albrldge)...c 118 1880
1,000
600.000
7
M. & S.
do
do
Sept. 1, 1900
Ohio & West Va. lstm ort. (Logan to Pomeroy)..o"
85 1880
1,000
1.584.000
M. & N.
7
do
do
May 1, 1910
Consol. M .,g.,on road and Hock’g Coal & RR .C e 329 1881
1,000
8,000,000
5 g. M. & 8. Sept., ’97, last paid.t
Sept. 1, 1931
Gen.M.,gold,on road & Hocking Coal& RR.Co.K . c 329 1884
1,000
2.000,000
6 g. J. & D. Deo. ’96, ooup last paid June 1, 1904
Car trust bonds s. f., red. at par, gold....................
1894
1,000
1.114.000
6 g. Q.—J. N. Y., Atlantic Trust Co. Apr. 1, 1904
Ohio Ld. & Ry.Co., M.,g,.s. f., red.at llO.see text
1894
1,000
175.000
6 g. J. & J. N. Y., State Trust Co. Jan. 1, 1914
WeUston & Jack. Belt L., 1 st M., $300,000,gold, gu.
17 1895
1,000
300.000
F. & A.
do
do
General lien mortgage, $30,000,000, gold.G.o*&r 346 1896 l,000&o| 1.561.000
f g- J. & J. Jan. ’97, coup last paid Aug. 1, 1915
4 g.
July 1, 1996
______ t Subsequent coupons purchased on certain terms —see text.
I
C le v e la n d de N ew C a stle B y .- (S e e Map o f Lake Erie A Western
MR.)—Projected in April, 1898, in the interest of the Lake Erie &
Western RR. to build an extension of the Northern Ohio Ry. from its
present terminus at Akron, Ohio, to New Castle, Pa., with a branch,
making in all some 85 miles. At New Castle connection will be made
with the Allegheny & Western, a road under construction in the interest
o f the Buffalo Rochester & Pittsburg from New Castle to Punxsutawney. A traffic contract has been agreed upon between the two com­
panies, and the through line will be put into operation within the
year.—(V. 66, p. 337.) Contracts reported let in Aug., 1898.
C le v e la n d dc P it t s b u r g B B , - (See Map Pennsylvania Railroad.)
Cleveland, 0 .,to Rochester, Pa., 124 miles; branohes—Bayard, 0.,to New
Philadelphia, 31 miles; Yellow Creek to Bellaire, 43 m.; trackage, Roch­
ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 miles; total, 224 miles.
L ease —Leased for 999 years, Dec. 1,1871, to Penn. RR. Co;, and lease
transferred to Pennsylvania Co. Rental, 7 per cent on $11,226,050
stook, and organization expenses, the lessees assuming all liabilities.
B onds.—General 4^8 are all equally secured; guaranty. V. 56,p. 604
E arning» . —Fiscal year formerly ended Nov. 30; changed in 1898
to Deo. 31- Report for 13 months ending Dec. 31,1897, was given in
V. 66, p. 949, showing gross, $3,607,766; net, $1,410,123. Profit to
lessee was $280,600. For year 1895 96 profits w e re : $37.304: in
1894-5, $342,901; in 1893-4, loss, $55,452. (V. 66, p. 81, 9 4 9 .)
C le v e la n d T e r m i n a l dc V a lle y U R . —See Map Baltimore A
Ohio. Owns from Cleveland, Ohio, to Valley Junction, 75 m iles;
sidings, 12 miles. Successor as per plan in V. 60, p. 437 and V. 61,
70, to Valley Ry. (of Ohio) sold in foreclosure Sept. 10, 1895.
he Baltimore & Ohio controls the new company. A traffic agreement
was made with Wheeling & Lake Erie in 1895. V. 63, p. 155.
Stock —Of the $4,615,300 common (par $50) B. & O. owns $4,594.300
eommon and o f the $2,060,750 preferred, $950,200; par $100.
B onds—The first mort. bonds are guaranteed, principal and interest,
by the B. & O., endorsed; interest is paid regularly from earnings.
E arnings.—Year 1897-98, gross, $855,844 net, $285,232; interest,
$220,532; taxes, $20,220; surplus, $44,480. (V. 63, p. 7 91.)
C o a s t B y . o f N o v a S c o t ia .—Road from Yarmouth to EastPubuioo, 31 miles, was in operation in Aug., 1897; 20 miles additional to
Barrington will be in operation by October, 1898. Road projected to
Lookport, 50 miles. Capital stook auth. $1,000,000; issued, *500,000.
President, Thomas Robertson, Yarmouth.
^ C o l o r a d o M id la n d R y . —Owns from Colorado Springs to New
Castle, Col., 229 miles; Jerome Park branch, 15 miles; Aspen branch,
¿5^n,;„ Lea<^vllle t>
ranch, 4 m.; spurs to quarries, 3 m.; total owned,
269 miles (not including 2-09 miles of Busk Tunnel Ry.) Leases New
Castle to Rifle Creek, 14m. and Rio Grande Junotion RR., Rifle Creek,
Col., to Grand Junction, 63 m iles; total owned and leased, 346 miles.
ORGANiZATiON.—Successor Qot., 1897. to the Colorado Midland Rail­
road, foreclosed and leorganized per p la n in V. 64, p. 1 2 2 4 , 1 2 2 6 .
Stock .—Both classes ot stock will be held in a voting trust for six
years and thereafter until the first mortgage bonds shall have re­
ceived 4 per cent interest in cash for three successive years. The voting
trustees are F. P. Olcott, Henry F. Rogers, A. H. Joline, W. Lidderdale
and Cecil W. Boyle. As to voting trust, etc., see V, 66, p. 856,1044.
B onds. - Of the new bonds, $3,750,000 are 4s and $6,250,000 bear
interest in cash at 2 p. o. to July 1,1900, then 3 p. c. to July 1,1902,
(with preferred stock scrip for the interest up to 4 p. c. not paid in
cash, payable yearly on July 1], and 4 p. o. after July 1, 1902. See
description o f bonds in V. 66, p. 856. Of the new 4s sufficient were
reserved to retire the equipment bonds as they mature and to pro­
vide for purchase of Busk Tunnel 1st 7s for $1,250,000 and Aspen
Short Line 1st 8s for $108,000; also $1,355,100 new 4s, $590,700 pref.
and $579,800 common stook will remain for future needs. To July
1898, no agreement had been reached with the Busk Tunnel bond­
holders.—V. 65, p. 327, 367. The right is reserved to issue $500,000
prior lien 4s if necessary prior to July 1,1903.
Charges.—Obligatory charges for first three years under plan, in­
cluding taxes and rentals, $372,051 (including $50,000 for interest on
bonds reserved for Busk Tunnel), against $831,320 for old Co.
L atest E arnings—1 mo. ) 1898.Gross.........$140,338; net, $24,536
July 1 to July 31.
S1897.Gross........ 153,332; net, 37,059
E arnings .—In V. 66, p 857 (balance sheet V. 66, p. 1044) showed;
Trs. end June 30. Gross.
Net.
Bent, Taxes, etc. Bal. fo rin t.
1897-8............. ....... $1,731,443 $345,757
..........
1896-7..................... 1,671,543
325,374
$151,485 sur.$376,69i
1895-6..................... 1,906,280
558,067
Id 5,015 sur. 413,052
1894-5...................... 1,592,661
368,947
149,014 sur. 219,933
_ N e w Officers .—(Nov., 1897.)—President and Manager, George W.
Ristine, Denver, Col.; Secretary and Treasurer, Oscar Bunke, 41 Wall
8t., N. Y.—(V. 66, p. 708, 810, 856,1044; V. 67, p 28, 125, 578.)
C o lo r a d o V a lle y R R . —In April, 1898, under construction from
Sweetwater, Tex., on Texas & Pacific RR., south, 25 miles to Oakhurst;
further extension contemplated to San Angelo, Tex., making 76 miles
in all. In Oct., 1898. Mr. Sloan of Trammell & Co., Sweetwater, Tex.,
was appointed receiver. V. 67, p. 842. I. H. Wheatoroft, Vice-Prest.
and Gen. Man,, Sweetwater, Tex.
C o lu m b ia & G r e e n v ille (S . C .)—See Southern R a il w a y Co .




C olu m bu s & C in cin n ati m id la n d R R . —(SeeMap Balt. A Ohio.
-O w n sfrom Columbus, O., to Midland City, O., 71 miles; trackage t
Columbus, 1*3 miles. In January, 1890, leased for 999 years to Centra
Ohio, by wÿioh assigned to Baltimore & Ohio. See V. 51, p. 718. T h d
Baltimore < Ohio assumed the Central Ohio’ s guaranty o f principal an
&
Interest of the bonds (which are endorsed by the Central Ohio) and o f
3 per cent per annum, commencing with July 1,1895, on the preferred.
First mortgage interest due Jan. 1,1897, was paid May, 1898. (V.
6®» P. 619» 824, i 2iS\ V. 66, p. 953.) See description of mort., etc., p. 6
of S upplement April, 1896.
The B. & O. plan in V. 67, p. 688, provides offers each O. & O. M.
bond $700 in the new B. & 0. Pitts. Juno. & Mid. Div. 1st .i^s and $200
in preferred stook and each share of preferred $30 in B. & O. preferred.
See B. & O. statement. V. 67, p. 788.
Bondholders ’ Committees .—Charles S. Hinnhman, Chairman;
George Stevenson, Secretary, 138 South Third Street, Philadelphia ;
Harry F. West, Edward B. Smith and Charles Parrott. A majority o f
the firsts are reported to be represented. Depository. Guar. Tr. & S. D
Co., Phila.—V. 64, p. 180, 707; V. 65, p. 619.
Middendorf Committee.—J. W. Middendorf, 213 East German Street,
Baltimore, and Owen Daly.—V. 64, p. 233, 330.
E arnings.—Statement for year ending June 30, 1897, in V. 65. p.
974, shows: gross, $360,885; net, $61,004; taxes, $12,647; interest
oharges (not paid), $90,000. In 1895-6, gross, $376,558; net, $97,722.
No charge made in 1896-7 against the road for use of B. & O. cars and
engines, except for repairs. The Midland owns no locom otives and
only 228 oars.—(V. 66, p. 953,1236 ; V. 67, p. 688,788.)
C olu m b u s H o c k in g V a lley & T o led o R y . — Owns main
line from Pomeroy, O., to Walbridge, O., 250 miles, with trackage
(Penn. RR. System) Walbridge to Toledo, 6 miles; branohes to Athens.
NeisonvUle, etc., 73 miles; Wellston & Jackson Belt Line, from
McArthur Junotion to Jaokson, 17 miles (opened in February, 1896 •
10 miles is eleotrio as well as steam); total, 346 m.; second track, 25 m.
H istory , &c.—The capital stook of $1,500,000 of the Hooking Coal
& R R .C o., controlling 10,000 acres of coal lands, was purchased in
1881 for $8,000,000. As to status o f Burke suit see V. 64, p. 516.
R eceivership .—On Feb. 25,1897, Vice-President N. Monsarrat was
appointed receiver. V. 64, p. 422. Receiver’s certificates for $500.000
were authorized in July, 1897, o f which $100,000 were cancelled
in October, 1898.—(V. 65, p. 1 9 4 ; V. 66, p. 133. On May
24,1898, a decree o f foreclosure was entered, but it was not expected
that a date of sale would be Used until a reorganization plan had
been agreed upon. V. 66, p. 1044.) In October, 1898, no plan issued.
Committee .—Consol. Fives—Foreclosure suit under consol, mortgage
has been brought. A majority o f the consol. 5s and also general mort­
gage 6s have been deposited with J. P. Morgan & Co., whose receipts
for the consols, have been listed on New York Stook Exchange.—V 64
p. 754; V. 65, p. 151; V. 65, p. 277.
8
V
’
Coupon P ayments , E tc.—Consol. 5s coupon due Mar., 1897, was pur­
chased for $25 by J. P. Morgan & Co., who also advanced $20 each on
Sept., 1897, March, 1898, and Sept., 1898, ooupons.—V. 65 p 411 • V
66, p. 471; V. 67,482 General mortgage and general lien coupons’are
in default. All other coupons at last accounts were promptly paid.
f & NR8T 0olumbu8 & Hocking 1st 7s due Oct. 1,1897, were extended
until Oct. 1,1898, or for any longer period during which the property
shall be in the custody of the Court at 6 p. o. per annum, such interest
to be payable in gold coin.—V. 65, p. 620.
The Ohio Land A By. bonds—See S upplement of April, 1898
Wellston A Jackson Belt Line.—The first mortgage bonds are guaran­
teed. Capital stock, $255,000, all owned by C. H. V. & T Ry 6
G en era lL ien Mortgage (see V. 63 p. 228, and application to
N. Y. Stock Exchange in V. 63, p. 1162). To June, 1897, Ohio Land
&Ry. Co. bonds for $1,200,000 had been exchanged for general Uen 4s
Totai general 4s and sorip issued. $2,152,851, of which $590.884
held by receiver (Dec. ’97) subject to order of court.
1
Earnings .—Jan. 1 to Dec. 31,12 months, gross, $2 533 605 in 1807 •
$2,480,924 in 1896. From Jan. 1 to Sept. 30,1898 (9 months) gross ’
$1,928,432; in 1897, $1,651,697.
nionins), gross,
annual R eport .—Fiscal year ends December 31. Annual mentimr
will hereafter be held the third Tuesday in March! b a ffle is mosttv
freight, and 64 per cent of this is bituminous coal. The grades haro been
so reduced that the average train load is large—in 1894, 450 tons.
Year ending Dec. 31—
1897.
1896.
1895
1804
Gross earnings..................$2,580,467 $2,505,611 $2,676,4*21 $2.688 700
908: 4.99.
Total receipts.............

$908,499 $976,022 $1,129,261 $1 159 803

383-915

95841\

* 8 »

9t i :S?2

Other interest....................i 104,931
105,123$
19 004
9 864
Int. to Pa. Co. on lease,&o. )
hnopexn
25 vr *
Dividend on preferred......................*(5)100,000(5) 100,*000P(5)100;000
Balance, surplus.......... .. $419,623def.$187,211def.$9^537
*Paid from accumulated surplus.
—(V. 66, p. 133, 335, 471, 900,1044; V. 67, p. 482.)

$8,572

s o

IN VESTOES’

SUPPLEMENT.

VOL. LXVIl

Subscribers w ill con fer a great fa v or by g iv in g Im m ed iate notice o f any error discovered In these Tables.
Bonds—
Princi­
INTEREST FOR DIVIDENDS.
RA ILROADS.
pal, When Due.
Miles Date Size, or
Slocks—Last
Par
Outstanding Rate Per When Where Payable, and by
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
ß
Semi-an Columb’s,0.,Rec’rs’ Off.
Col. San. < Hock. RR.—New rec’vrs ctfs.. $720.000
&
........
$500.000
6
1895
Receiver’ s certificates (old Co.) out in July, 1896
700,000
5 g. A. A O. Apr.,’97,coup.last paid. Oct. 1, 1906
1st mortgage (prior lien), $2,000,000, gold.......c* 227 1895 $1,000
Jan. 1, 1946
None paid in cash.
1,000
7,446,591 2*2-4 g. J. A J.
General mortgage, $10,000,000, g o ld .......J lp .c '; 227 1895
80,000
1st M., scrip, for July, ’96, and Jan., ’97, coups.. . . . .
4
.
1945
1 778 OO
O
F. A. A.
r
1895
Income bonds, non-cumulative, g o ld ....................
1,000
453,000
4 1890
Zanesville Term’l Co. 1st m. for $500,000, gold.c*
5 g. J. A J. J an. ,’97, coup, last paid. July 1, 194
1943
1,000
M. A S. Mch., ’98, pd. at mat’y.
341,000
1893
5
Col. Ter. & Transf. mtge. $350,000 gu. C. S. & H.
680,128
Car trust notes, June 30,18 9 6...............................
New Securities U nder F itzgerald P lan .
8,000,000
Stock ($4,000,000 is 4 per cent, non-cum., pref..
3 000 900
1898
1st mortgage, $4,000,000, gold..............................
'
4/ 000^000
2d mortgage, $4,000,000, gold............................... 226 1898
50
8%
l ’786i206
Q —M. Columbus, O., Treasurer S’p l 0 ’98,215%
55
OoLumbus < Kenia—Stock, 8 per cent rental............
£
500,000
71 1894
Concord dt Claremont (N. H.)—1st mortgage....... c
4*2 J. A J. Bost., Treasurer’s office. Jan. 1. 1914
Oct. 1 ’98,1\%
See text.
100
800,000
7
Q.—J.
Concord dt Montreal—Stock, Class I. (B. C. & M. pf.)
Oct. 1 ’98,1^%
do
100
540,400
7
Q.—J.
Stock, Class II (B. C. & M. new)...............................
Oct 1 ’98,1%%
do
100
459,600
G .-J .
7
Stock, Class III. (B. C. A M. old stock)..................
Oct. 1 ’98,1%%.
do
100
5,397,600
7
Q.—J.
Stock, Class IV. (Concord) $6,000,000 auth. Text
1,000
500,000
J. A J. B’ ston.Faneuil Hall B’k Jan. 1, 1911
1881
6
Bost. Con. A Mon. improvement mortgage......... c 166
1,000
5,000,000
J. A D. Boston Safe D. A Tr.Co. June 1, 1920
4
Concord A Montreal consol.mort.for $5,500,000. c* 262 1890
1,000
650,000
J. A D. Bos. S.D. & Tr., Boston. June 1, 1926
1897
4
Debenture bonds, $650,000, currency............... c”
July, *98,3*2%
Manchester, N. H.
100
350,000
J. A J.
7
Concord dt Ports.—Stock, 7 p .c.m ’l, 99yrs. Cono’d .. 40*2
1914
1,000
120,000
1890
5 g- M. A N. May, 1898, coupon paid
Oonf. dt OaltVdr-1st M., g., $200,000; dm . at par..
2,500,000
100
F. A A. Boston, 8. Dep. A Tr. Co. Aug., *98, 3%
6
Conn, dt Possum.—Pref. stock, 6 p. e. rent’1,99 yrs-o”
Apr. 1, 1943
do
do
1,900,000
1,000
1st mort. (White Riv. June, to Canada line) gold.o* 110 1893
4 g- A. A O.
Aug., ’98, 3%,
do
do
400,000
F. A A.
100
37
6
Massawippi st’k, guar.same div. as Conn. « Pass.
Jan. 1, 1911
do
do
350,000
1,000
J. A J.
22 1881
5
Newport A Riohford 1st mort. guar, by C. A P.c*
Boston, Mass.
July 1,*98,5%»
2,580.000
100
J. A J.
80
10
Connecticut R iver-Stock ($2,670,000 authorized)..
1,290.000
J. A J. Springfield, rreas’rsOf. Jan. 1, 1903
4
80 1893
Scrip, redeemable in ten years in cash or bonds..
Sept. 1. 1943
Boston, Mass.
1893
1,000
4 g. M. A S.
1,000,000
Bonds, not mortgage, for $1,000,000, g old ........o
M.15 AS. Phila., Broad St. Stat’n 1900-’ l- ’2-’3-’4
1.000
6
991,000
Connecting (Phila.)—1st m., gu. p. A i. Pa. RR. en. c 6’75 1864
C olu m b u s Sandusky & H o c k in g R B . - R oad —Sandusky via
Columbus to Zanesville and southerly to Glouster, Shawnee and
Shawnee Junction, with branches ; total, 273 miles, of which 226
miles are owned and 47 miles leased. Trackage to Toledo, 51 miles.
R eceivership —On June 1,1897, Samuel M. Felton was appointed
receiver V 64, p. 134,233, 1088. Issue of $200,000 of receiver’s cer­
tificates authorized in June, 1897; proceeds for terminal interest, etc.;
also $520,000 in March, 1898, to pay $360,000 car trust notes matur­
ing soon and remainder for equipment. Receiver was also authorized
to purchase 500 box and coal cars on oar trust plan.
Zanesville Terminal.—On Jan. 11, ’98, Chase Andrews was appointed
receiver of this road. V. 66, p. 185.
Interest Payments—Zanesville Terminal interest due July 1, and prior
lien interest due Oct. 1,1897, were not paid. No coupons have been
paid in cash on the general mort.; July, 796, and Jan., ’ 97, in scrip.
R eorganization Committee .—Chairman. Louis Fitzgerald. L. C.
Weir F K. Sturgis, J. G. Deshler, John T. Terry and Henry W -Put­
nam,’ Jr. Secretary, A. W. Krech, 120 Broadway, N. Y. (V. 64, p. 423.)
P lan —The plan issued by the Fitzgerald Committee in May, 1898,
given in V. 66, p. 1001, provides for foreclosure and an exchange for
the new securities shown in the table as follows :
— Will re ceive-------receive-------Old securities in amount of Paying
2d 31.
Pref.
Com.
income• stock, i
IstM .
$1,000 bonds. $100 stoek. assessH
$250
Prior lien bonds. $700,000 N one. $1,000
250
$500
150
General m o r t....7,400,000 $160
500
100
100
Income bonds__1,778,000
Preferred stock..4,041,000 )
$50
5
10
Common stock...3,348.000 )
In addition to the amounts of old bonds shown in the table, the float­
ing debt, receiver’ s certificates, car trusts, preferential debt, etc., etc.,
aggregate about $2,000,000. To meet this debt and for reorganization
purposes, etc., $2,300,000of the new firsts are applicable; $ 1,000,000
are reserved for additional property and requirements of the new
company. Securities may be deposited with the Mercantile Trust Co.,
New York, or the Deshler National Bank, Columbus, Ohio. In July,
1898 a majority of the 1st mortgage (prior lien) bonds and of the
general mortgage bonds had been deposited.— . 67, p. 2* 2.
V
John G. Carlisle and Joseph F. Randolph of New Y oik and Charles
8. Hinchman of Philadelphia represent bonds deposited with the
North American Trust Company.—V. 67, p. 842.
St o c k .—Common, $7,500,000 authorized; outstanding, $3,348,392
pref. 4 p. c., cum., $4,041,000; par, $100.
L atest E arnings—7 mos. ( 1898...,. ...G ross, $456,112; net, $63,185
Jan. 1 to July 31.
(18 9 7.......... Gross, 395,332; net, 13,767
A nnual R eport.—Report for 1895-6 was in V. 63, p. 600 and 835.
1895.
1896.
Sears ending June 3 0 $828,156
$905,296
Gross earnings .......................
149,857
208,431
Net earnings...........................
94,781
101,171
Taxes and rental...................
159,571
Interest, partly paid in scrip
—(Y. 66, p. 185, 471, 573,1001; V. 67, p. 28,176, 222, 842.)
C olu m b u s Southern B y .-C o n s o l, with Ga.&Ala. V. 63, p. 573
C olu m b u s Sc X e n ia B B . —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 Pitts
burg Cincinnati Chicago A St. Louis, which pays 8 per cent on stock.
The lease is guaranteed by the Pennsylvania Railroad Company. The
C. & X . pays 8 % percent dividend (*k out of assets) per annum, 2 i5 per
cent March 10 and September 10 ana 2 per cent June 10 and Deo. 10.
C oncord & M on treal H R ..—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,
and 6 miles operated for Lumber C o.); 414 miles leased to Boston A
M aine; 35 miles double track.
L ease .—On June 29, 1895, leased to Boston & Maine for 91
years at rental of 7 p. c. per annum on all stock. (V. 61, p. 27, ¿ 13.)
In June, 1897, issued $650,000 debenture 4s to reimburse Boston &
Maine for money advanced on Manchester & Lawrence claim.
R e p o r t .—Balance sheet of June 30,1896, V. 63,p. 700. The earnings
are not now reported separately. For 1894-95 gross, $2,477,199; net
$762 896; other income, $25,103; taxes paid, $111,958; rentals
$77 704; interest, $234,025; dividends, $360,000; balance, surplus
$4,312. (V. 63, p. 700; Y. 64, p. 1181; V. 65, p. 26.)
C oncord Sc P o rtsm o u th B B . —Owns Portsmouth, N. H., to
Manchester, N. H., 40*a miles. Leased to Concord RR. in 1862 for 99
ears. Lease, rental, $25,000; 7 per cent on stock.
Confluence Sc O a k la n d B B . —Owns road from Confluence
Pa. o Yough Manor, Md., 20 miles; built in 1889. Leased to B. A O
May 1,1890, for 099 years, rental being interest on bonds. B. A O




also agrees to accept and cancel $20,000 of bonds per annum in pay­
ment of freight on interchanged traffic. Bonds Nos. 1 to 100 may be
oalled in first five years, balance in second five years. Trustee, Fi­
nance Co. of Pennsylvania, where May, 1898, coupons were paid.
Stock is $200,000.
C onnecticut Sc P assu m p slc R iv e rs B B . —Owns White River*
Junction, Vt., to Canada Line, 110 m.; leases for 999 years Massawippi
Valley, 37 m.
L ease.—From January 1, 1887, leased to the Boston A
Lowell for 99 years on a basis to pay Connecticut & Passumpsio sto ok
5 per cent till January, 1897, inclusive, and 6 per cent thereafter,.
August, 1897, dividend being 3 per cent. In October, 1887, the Boston
6 Lowell, carrying this road, was leased to Boston A Maine. Stook
authorized, $3,000,000; outstanding, as in table.
Securities.—Massawippi stock receives same dividends as stock o f
lessee, and $400,000 of it [not included in the amount-outstanding)
Is pledged as part security for 4s
1893 [i^ 9 0 (M 0 0 authorized ]
whioh replaced $1,500,000 of 7s due April 1,1893 (Y. 57, p. 1040.)
D ividends since 1880—In 1881, 5 per cent; in 1882 and 1883, 6 ; in
1884, 5*s; in 1885 to 1896, inclusive, 5 p. 0. per annum; in 1897 and>
since, 6 p. c. per annum. See rental above. Average annu * net earn­
ings years 1890 to 1892, $219,883.
C onnecticut R i v e r B R .- O w n s from Springfield, Mass.,
Keene, N. H., 74 miles (double tracked, 36 m iles); branches, 6 miles.
Lease .—Leased for 99 years from Jan. 1, 1893, to the Boston A
Maine, annual rental (as amended Oct. 10,1895) being 10 per cent per
annum on capital stock), payable directly to the stockholders in semi­
annual instalments Jan. 1 and July 1, and in addition thereto interest)
on 4 ner cent bonds and scrip and $2,000 for organization expenses.
Lessee pays all taxes, operating expenses, etc., but lessor shall issue
its stock or bonds to meet the cost of permanent improvements.
D ividends 1876 to 1892 inclusive 8 per cent per annum, and now
under lease 10 per cent. In January, 1893, paid *2 per cent extra.
B onds.—In 1893 $1,000,000 bonds were sold to pay floating debt;,
total profit and loss deficit June 30,1896, $300,463. (V. 61, p. 470.)
C onnecting B v . (P h ila d elp h ia ).—Owns from Mantua Junction
to Frankford Junction, Pa., 6*75 miles; total mileage including 2d, 3d,
4th tracks and sidings, 47 miles. Leased to Philadelphia A Trentjm for
999 vears. and with that road operated by Pennsylvania Railroad.
Rental pays interest, taxes and 6 percent on $1,278.300 capital stock
(par $50)—all of which is owned by Pennsylvania Railroad. Current
liabilities December 31,1897, $1,360,550.
C o n n e e t in « ' T e r m i n a l B B . ( B u f f a l o ) . —Owns a terminal ro a d
o im ^ l e long in Buffalo. N. Y. Stock $20,000 (par $500) controlled in
same interest as the Erie A Western Transportation whose bond a
lauthorized issue $1,500,000) are guaranteed principal and interest
bv endorsement. Current liabilities June 30,1897, $216,569. In year
1896-97 g^oss, $107,419; net, $48,365; interest paid, $25,000; taxes,
$8,365; balance, surplus, $15,000.
C orn w a ll & L eb a n on B B . —Owns Lebanon, Pa,., to Conewago,
22 m iles; branches, 3 miles. Dividends, formerly 4 to 4 ^ per cent,
vearlv were in 1893 6 p. 0.; also in 1892-93 paid a special dividend
o r i 3 p o . ? i n 1894, Feb., 2 p . c.; in 1895, Aug., 2 p .c.; in 1896 4
n 0 • in 1897,3 p. 0.; in 1898, Feb.. 2 p. c.; Aug., 2 p. 0. In year endingr
T u n e 30 1898 gross, $221,534; net, $112,930; interest and charges,
$46 895’ dividend(4 p .c .),$32,000; balance,surplus,$34,036. In year
1896-97’, gross, $174,149; net, $77,856. Car trust 6s, Oct., ’98, $58,000.—V.’ 64, p. 610; V. 65, p. 571.
C o r v a llis Sc E a s t e r n B B .-O w n s fr o m Yaquina o Idanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Dec., 1897, to
nnrehase and extend the Oregon Central A Eastern, which was the
E e s s o r o f Oregon Pacific, s o il in foreclosure Dec. 22, 1894..M o r t ­
gage (Central Trust Co., N. Y., mortgage trustee). secures $11,250,000
2s to provide for extension eastward to Snake River in Malheur Co.,
and to co v e r all railroad lines now owned or hereafter acquired up to
75EARNiNGS.-In year ending June 30,1897, g|Oss $82 352; net $ l6 754- no fix-d charges. In year ending Dec. 31, 1896, gross, $89,0U3,
net,’ $21,677. (V. 66, p. 335. 573.)
—
C u m berlan d Sc P e n n sy lv an ia R R .- O w n s from Cumberland,.
Md ro Piedmont. Md., and several branches, 57 miles. Owned and operatetfbv ConsolidationCoal Co., which guarantees by endorsement the
mortgage V 52. p. 390. Stock. $1,500,000; par, $100. For year
ending June 30.1897, gross, $636,924; net, $351,4645
tions $87,817; balance, surplus, $263,647. In 1895-96, net, $347,ee /
C u m b e r la n d V alley B B . —Owns from Harrisburg, Pa^to Potoma
River, Md., 82 miles (and with leased lines operatestoW inchester, a
total distance of 116 miles). It leases—Cumberland Valley A MartlnstmSr Railroad 34 miles; Dillsburg A Mechanicsburg Railroad, 9 miles;.
S h ® m P e ^ s y lv Z ia R a ilr o a d ,21 miles; leases kfont Alto Railroad
18 miles; total operated, 165 miles. (V. 61, p. 152.)
s t o c k —Authorized, $2,000,000; outstanding, $1,292,950 common,.
$241,900first pref. and $243,000 second pref.; of this $975,800 com ­
mon and $237,200 preferred are owned by PennsylvaniaRR. Co.
D iv id e n d s .—In 1880 to 1884, 10 per cent yearly; from 1885, toOct.. 1898, both inclusive, at rate o f 8 per cent yearly.

O ctober

18a8.j

RAILROAD

STOCKS AND

BONDS

31

Subscriber« w i l l con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In tbese T a b les.
Bonds—Prlnoi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation o f column headings, dec., see note
of
of
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
whom.
Dividend.
Connecting Terminal BR. (Buffalo)—1st M........... r •• •
•
Erie & West. Trans. 1st M. guar. dm . at 1 0 5 ..o* ....
Cornwall A Lebanon.—Stock......................................
24
New 1st mortgage for $800,000............................r
24
Corvallis A Eastern—1st mort. ($11,250,000).Ce.o* ....
Cumberland A Pennsylvania— lstm ort. gold, guar.
57
Cumberland Valley—Stock ($484,900 is preferred). ....
1st and 2d ms., gold (2d$109,500due Apr, 1908.)
82
Dallas Terml. Ry. A Union Dep.—M. $500,000, g.o*
8
Danbury A Norwalk—B ee New Y ork New H aven A H a
Dayton A Mich.—Com. st’k (3^ p.c. guar.C.H. AD.).. . . . .
Preferred (8 p. o. guar. C. H. & D.) endorsed........
....
1st mortgage, guar. p. A i. end by C. H. A D ___c 142
Dayton A Union—lstm ort., sink, fund (notdrawn)c
32
Dayton A Western—1st M., guar. L. M. and C. A X .o
37
Delaware—Stock............................................................ 117
General mortgage, ser. A, for $2,000,000, gold.o’ 117
Del. A Bound Br.—Stock—8 p. o. gu. Phlla. A Read
....
1st mortgage............................................................. .
27
1st mort. on Trenton Br., 2d mort. on main line.
4
Delaware A Chesapeake—1st M., guar. p. A L, our.c
54
Delaware A Hudson Canal—Stock.............................
....
1st mort. on Pennsylvania Div. ($10,000,000)c<fer ....
Bluff Point Land Improve. Co. 1st M.,gold,guar.o'
....
Delaware Lackawanna A Western—Stock...............
....
Con. M. now 1st M.onroaa Aequip ($10,000,000)c 195
Delaware Maryland A Virginia—
Stock.....................
Junction & B.—1st m. to State, red. aft. Jan. ’9 5 ..
44
Junction & Breakwater 2d mortgage..................o*
44
Break. A Prank. 1st m. to State, red. aft. Jan.’95.
19
WorcesterRR. 1st. M. (matured Apr. 1/96) gold.o*
35
Delaware A New England—Trust certinoates........
100

1883
1892

....

1891
1898
1891

....

1856
1895
RTFOR
1871
1881
1879
1864

....
....

1892
1875
1879
1882

....

1877
1890
f ...
1877
1860
1879
1874
1876

$1,000
$500,000
5
M. A N. Phila., 26 S. 15th St.
1,000
750,000
5
J. A J.
do
do
50
800,000 4 in 1898 F. A A. Co.’s off., Lebanon, Pa.
100 Ac.
766,400
5
A. A 0.
do
do
1,000
New York City.
4 g. F. A A.
(1)
1,000
1,000,000
5 8 - M. A N. Guar. Trust Co. o f N. Y.
50
1,777,850 8 in 1897 Q.—J. Phila. A Chambersburg.
500 Ac.
270,500
do
do
8 g. A. A O.
1,000
80,000
6 g. J. A J. St.Louis, St. Lou.Tr.Co.
D.
50
2,403,243
31« A. A O.
Cincinnati.
50
1,211,250
8
Q.—J.
do
1,000
2,728,000
5
J. A J N.Y., Kessler A Co.. On.
1,000
225,000
7
J. A D. N.Y., Am. Exch.Nat.Bk.
1,000
495,000
6 A 7 J A J. N. Y., Bank of America.
25
2,687,325 See text. J. A J.
Checks mailed.
1,000
500,000
do
4 1 g. J. A J.
a
100
1,800,000
8
Q.—F. Phila., 240 So. Third St.
1,000
1,500,000
F. A A. Phila., Guar.T. A S.D.Co.
7
1,000
300,000
6
M. A N. Phila., Of., 240 8o.3d St.
1,000
400,000
4
F. A A. Phila.,Broad St.8tation
100 35,000,000 5 in 189 8 Q—Mch. N.Y.Of.,21 Cortlandt St.
1,000Ac
5,000,000
7
M. A 8.
do
do
1,000
300,000
4 g. J. A J.
do
do
50 26,200,000 7 in 1898 Q.—J. N. Y., 26 Exchange PI.
1,000
3,067,000
7
M. A S.
do
do
25
526,758
185,000
3J. A J. Phlla., Broad St. Station
1,000
250,000
4
F. A A.
do
do
200,000
3
J. A J.
do
do
500 Ao.
400,000
do
do
4 8 - A. A O.
7,750,400

E arnings . — months,) 18 9 8 ..........Gross, $538,540; net, $145,140
8
Jan. 1 to Aug. 31.
( 1897.......... Gross, 506,585; net, 147,280
R eport for 1897 was in V. 66, p. 706. Earnings entire line as follows:
Year.
Cross
NetInt,etc.
Dividends.
Bal.,surp
1897.......... $866,654 $255,123 $43,187 (8 p.c.)$142,228
$69,709
1896........... 862,395 226,767
42,843 (8 p.O.) 142,228
41,696
—(V. 61, p. 15 ?; V. 62, p. 5 4 6 ; V. 64, p. 4 6 7 ; V. 66, p. 70 6 .)
D a lla s T e r m in a l R y . & U n ion D epot.—Terminal property
at Dallas, Texas, and 8 miles road in Dallas. Proposes to build to
Fort Worth, 31 miles, to cover which $800,000 30-year gold 5s are to
be issued and the $80,000 outstanding 6s are to be canceled by Jan. 1,
1899. Y. 67, p. 842. Began operating Sept. 25,1896. Stook authorized,
$500,000 (par $100); paid in, 838,700. The St. Louis Trust Co. is the
mortgage trustee. President is W. 0. Connor.—V. 67, p. 842.
D ay to n Sc M ic h ig a n « R . —(See Map Cincinnati Hamilton A D.
—Owns Dayton, O., to Toledo Juno., O., 141 miles, and leases Desh
ler to Findlay, l l miles. Trackage (Lake Shore) into Toledo, 1% miles
L ease .—Leased May 1,1863, in perpetuity to Cincinnati Hamilton &
Dayton. Rental is the interest and sinking fund of debt, and 8 per
oent on preferred stook and 3*3 per oent on common.
Securities .—Guaranty on preferred is secured by mortgage of 1871,
but the preferred oarries no voting power. Y. 56, p. 813. Mortgage of
1856 is held alive under mortg. of 1881, which is therefore a first Ben.
E arnings.—Gross earnings in year ending June 30,1897 (including
Troy A Piqua branoh. 8 miles), were $1,459,519; net, $490,433; in­
terest, $136,400; dividends, $181,007; bal., surplus, $173,026. In
1895-96, gross, $1,708,873. Due lessee July 1,1897, $1,180,232.
D ayton Sc U n io n R R .—Owns from Dodson, O., to Union City,
Ind.. 32 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47
miles. Operated by Cleveland Cinn. Chicago A St. Louis, which, jointly
with the Cincinnati Hamilton A Dayton, owns the oapital stook.
Trustee o f 1st mortgage (in June, 1896.) Central Trust A 8. D. Co. of
Cincinnati. All surplus earnings over interest goes to a sinking fund
for the redemption of bonds at not above 100. Capital stook, $86,300.
For year ending June 30,1897, gross, $135,838; net, $40,333; charges,
$22,125; balanoe, surplus, $18,208. In 1895-6 gross, $142,796.
D ay to n Sc W e ste rn R R .—Owns from Dayton, O., to State line,
Ind., 87 miles, and leases 4 miles to Richmond, Ind. Leased from Jan. 1,
1865. for 99 years, renewable forever, to Little Miami, and so operated
by Pittsb. Cln. Chic. A St. Louis. Under terms of the lease, upon pay­
ment o f the D. A W. bonds the Little Miami will become sole owner
o f the D. A W. Of bonds $32,000 are 7s. Stook, $309,276.
D elaw are R R . —Owns from Delaware Junotlon (Phila.Wilm. & Bal
tlmore), Del., to Delmar (Maryland line), 95 m iles; branches, 22 miles'
Leased till May 13,1927, to the Philadelphia Wilmington & Balt,
which owns $1,364,675 of the stook. Lease o f 1889 expired in 1897
when new lease for 30 years was made, rental being net earnings—see
V. 64, p. 1000. Under the old lease 6 per oent was guaranteed on the
stook; dividends will hereafter be dependent on earnings: in 1898,
Jan., 3 p. o .; July, 3 p. o. In year ending October 31,1897, gross,
$1,087,466; net, $321,162; other income, $12,873; Interest and taxes,
$52,139; dividends, $188,113; balanoe, surplus for year, $93,783. In
1895-6, gross, $1,296,359; net, $466,209.—V. 64, p. 1000.
D ela w a re Sc B o u n d B roo k R R . —Owns from Bound Brook
(Central of N. J.) to Delaware River, 27 miles; branoh to Trenton, 3;
second track 27 miles; all track 73 miles. In May, 1879, leased for 990
years to Philadelphia A Reading RR. for $273,000, paying interest and
8 per oent on stook; lease assumed by Phila. & Reading Railway.
D ela w a re Sc C hesapeake R y . —Clayton, Del., to Oxford, Md., 54
miles. Phila. Wilm. A Balto. owns all the stook ($600,000), and oper­
ates the line, guaranteeing the bonds principal and interest. Earnings
for year ending Oot. 31,1897, gross, $96,881; net, $10,843; interest
and taxes, $21,109; bal., defloit, for year, 10,266. In 1895-96, gross,
$119,363; net, $28,774: interest and taxes. $20,230.
D ela w a re & H udson. C anal Co.—(See Map.)—Owns canal from
Rondout, N. Y., to Honesdale, Pa., 108 miles (completed in, 1828), and
operates railroad lines extending from Wilkesbarre, Pa., via Albany,
N. Y ., to Rouse’s Point, on Canada line, with branches, 685 miles in
all. The system is well shown on the adjoining map, and includes:
Lines owned—
Miles.
Linesleased—IfSee these cos. Miles.
Lackawanna & Susquehanna.. 22 UAlbany A Susquehanna...........142
Valley RR. of Pa....................... 17 IfNew York & Canada................150
Gravity R R — i ......................... 56 ^Rensselaer & Saratoga............ 192
Schenectady & Mechanioville. 10 ifUnion R R.................................. 22
UCherry Val. Sharon A Albany 21 ÜJefferson RR. (trackage)........ 35
$ Schenectady A Duanesburg.. 14 Other lines................................... 7
Total operated...................................................................................... 6gg
Also leases Utioa Clinton & Binghamton and Rome & CUnton RR.,
44 miles, sub-let to New York Ontario & Western.
H istory . E tc.—This company was chartered April 23,1823. It is
one o f the largest miners and carriers of anthraoite coal.
DIVIDENDS . ( ’ 81. ’ 82. ’83. ’ 84. ’85. ’86. ’87. ’ 88. ’ 89 t o ’96. ’ 9 7 .’ 98.
S in ce’80, p. c. ( 4 1 7
*
7
7
6
5
5
6 7 yearly. 5
5
Dividends for 1898 fixed at 5 p. c., payable quarterly.—(V. 66, p. 81.)
B onds.—Adirondack Railroad bonds carry the endorsed guaranty




May 1, 1903
July 1, 1912
Aug. 1, ’98,2%
Apr. 1, 1921
1998
May 1, 1921
Oct. 1, ’98,2%
Apr. 1,1904-8
July 1,1925
Oct. 1, ’ 98,1%
Oct. 4, ’98,2%
Jan. 1, 1911
Deo. 1, 1909
Jan. 1, 1905
July 1, *98,3%
July 1, 1932
Aug.20/98,2%
Aug. 1, 1905
M a y l, 1899
Feb. 1, 1912
Sept. 15 *98,1H
Sept. 1, 1917
Jan. 1, 1940
Oot. 20/98,1%
Sept. 1, 1907
Jan. 1, 1932
Feb., 1899
Jan. 1, 1932
Overdue.

of the D. & H. as to principal and interest. See that com pany. In 1896
$1,000,000 N. Y. A Canada debentures were issued and guaranteed—
qee, that company. On Dec. 31,1897, loans payable were $1,100,000.
A nnual Report .—Fiscal year ends Deo. 31. Annual meeting is held
on the second Tuesday in May. Report ■for 1897 was in Chronicle ,
V. 66, p. 516. Coal (anthraoite) carried in 1897, 5,646,852 ton s; in
1896, 5,835,621 ton s; in 1895, 6,151,147; in 1894, 5,751,386.
Year ending D ec.‘ I. 1897.
S
1896.
1895.
1894.
Receipts from coal.
$7,709,441 $7,778,225 $7,369,379 $7,864,154
Railroads............. 10,061,167 10,201,634 10,129,082 9,448,993
Miscellaneous----589,442
566,584
1,321,157
755,074
Total....................$18,360,051 $18,546,443 $18,819,618 $18,068,221
Net..................... $5,274,389
$4,852,644 $5,442,885 $5,538,673
Int.,taxes & rentals
3,132,968 3,087,631
3.078,492 3,319,960
Balanoe for stook.
$2,141,421 $1,765,013 $2,364,393 $2,218,713
D ividends.................. $1,750,000 $2,450,000 $2,450,000 $2,187,500
—(V. 65, p. 194; V. 66, p. 81, 2 3 2 , 5 1 6 ; V. 67, p. 221, 843.)
D elaw are L a c k a w a n n a Sc W e ste rn R R . —R oad - O perates
main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y .,
409 miles, with branches to coal region, etc., 492 miles, including
Lines owned—
Miles. r Linesleased—If ----------'* — 1----- J
See eachoo. ^
Miles
N. J. State line to N.Y. lin e ___115 IfSyracuse Bing. & N. Y............. 81
Br’nohes to N’ rthumberl’nd, Ac. 80 UUtioa Chenango A Susq.......... 105
Lines leased—
UValley RR. of N. Y ................... 12
TTMorris A Essex and branches.157 UWarren..................................... 18
UN. Y. Lackawanna A Western.214 Sussex, A c.................................... 50
UCayuga & Susquehanna......... 34
UOswego & Syracuse................. 35
Total operated...................... 901
H istory , E tc.—This is one o f the most important of the anthraoite
ooal roads. No sub-companies (coal and mining) are controlled, the rail­
road owning its mines. Original company chartered in 1849 ; present
title assumed in 1853. Its leased lines are mostly held under long
leases, and the system is compaot. In 1894 representatives o f the
Vanderbilts entered the directory. See V. 57, p. 721.
D ividends —
(1881
’ 82-’ 84
’ 85
’ 86 to O ct.,’98
Since 1880, p. o. ( 6%
8 yearly
7%
7 yearly.
G eneral F inances.—On Jan. 1, 189 8. cash on hand, $1,017,624;
ooal on hand, $2,205,705; advances to leased roads, $1,102,334; ac­
counts receivable, $3,901,574; total, $8,227,237; accounts payable.
$9,027,226, of which $3,300,504 was paid in January.—V. 64, p. 231.
annual R eport .—Fisoal year ends Deo. 31. Annual meeting is held
on the Tuesday preceding the last Friday in February. The report for
1897, with balanoe sheet, was in Chronicle, V. 66, p. 232. The fol­
lowing includes all lines exoept Syr. Bingh’ton AN. Y. ana Sussex RR.:
Fear end. Dec. 31.
1897.
1896.
1895.
1894.
Passenger earnings
3,408,983 $3,406,492 $3,486,691 $3,550,504
Freight earnings...
15,033,700 15,349,104 16,048,893 15,526,193
Miscellaneous........
2,559,334
2,647,909
2,738,686
2,735,744
Ooal receipts, e tc ...

21,002,017 $21,403,505 $22,274,270 $21,812,441
22,973,382 22,896,382 21,927,639 21,246,421

Total gross receipts.$43,975,399 $44,299,887 $44,201,909 $43,058,862
RR. o^er. ex. A t a x .)
«««
(14,069,136 13,834,420 14,645,398
Mining, &o., expen. j aD>
DOO»8W \ 23,499,772 23,606,589 21,363,797
Wet reoeipts.......
Interest and rentals.
Dividends (7 p. o )...

7,316,539
5,406,239
1,834,000

6,730,979
5,406,239
1,834,000

6,760,900
5,406,239
1,834,000

7,049,667
5,412,323
1,834,000

Balance after divs... sr.$76,300 def .$509,260 df.$479,339 df .$196,656
-(V . 65, p. 277, 976; V. 66, p. 2 3 2 ,3 3 5 , 953; V. 67, p. 221, 370.)
D elaw are Maryland. Sc V irg in ia R R . —Owns from Harrington
to Rehoboth, Del., 44 miles; Georgetown to Franklin City, Va., 54 miles;
total, 98 miles. Controlled by Philadelphia Wilmington & Baltimore,
whioh owns $326,200 of stock, and so by Pennsylvania Railroad. See
V. 50, p. 498. Loans and bills payable, Oot. 31,1896, $415,233; other
floating debt, $192,066. In year ending Oot. 3 1,1897, gross, $208,019;
net, $18,849; int. on bonds, $37,550; int. on equipment, $4,755; taxes,
$3,058; bal., deficit for year, $26,514, but this does not inolude interest
on the floating debt of $607,299. In 1895-6, gross, $230,927; net,
$39,634; defloit under charges for year, $5,280.
D elaw are R iv e r R R . Sc B rid g e Co.—Owns a bridge over the
Delaware River near Philadelphia and about 10 miles of connecting
railroad. Capital stock ($1,300,000) is all owned by the Pennsylvania
RR., whioh guarantees the bonds, principal and interest, by endorse­
ment on eaon. Sinking fund is one per oent, but bonds cannot be
called. See description o f bonds and guaranty in V. 63, p. 1062.
INDEX.—V. 63, p. 153,1011,1062,1159.
D ela w a re Su sq u eh an n a Sc S c h u y lk ill R R .—Owns main line
from Drifton, Pa., to Gowen, Pa., 31 m iles; branches, 17 miles; total
owned, 48 miles. Trackage—Lehigh Valley RR., etc., 133 miles.
Opened Feb. 15,1892. The road is controlled by Coxe Brothers A Co.,
the ooal miners. D ividends Oot. 18,1892, 40 p. o. in cash ; Nov. 25,
1893, 20 p. o. in cash and 50 p. o. in stock; Sept. 26,1894, 2 6 ^ p. o. in
cash. None since. Mortgage trustee Trust Co. of North Am. Phila.

52




INVESTOKS’ SUPPLEMENT

[V ol. LX VII

O c t o b e r , 1898.J

.RAILROAD

STOCKS

AND

BONDS.

33

jso'uas—i'rm tiINTEREST OR DIVIDENDS.
______ ___________RAILROADS._________________
pal,When Due.
Miles Date
81?,e- 0r
Amount Rate Per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes of
of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Delaware River RR. A Bridge—
1st M., $1,300,00 ', go)d, guar. p.&i.,Penn.RR.e*
Delaware Susq. A 8. RR.—Stock (auth. $1,500,000)
48
1st mortgage bonds ($1,500,000) gold................o*
Denver Leadville A Gunnison—1st m., gold...c*<sr
Denver A Rio Grande—Stock, com., ($45,500,000) .
Pref. stock, 5 per cent non-cum. ($28,000,000)...
1st mort. $1,000 gold or £206 sinking fund. .c*<fcr 295
1st consol, mort. (for $42,000,000) gold. Vs.c*&r 1,621
do
do 4 ^2 p. o. for refund’g 1st mort. 7s 1,621
Improvement Mort. ($5,000 per mile) g o ld ...c’t&r 3,621
Des Moines A Fort Dodger- Common stock................
Preferred stock, 7 p. c. non-cum.............................
1st M. Des M. to Ft. Dodge, Series A,int.guar.,end.
Do.
Series B, income, int. guaranteed, end..
1st mort. on extern, Tara to Ruthven, int. guar..
Des Moines A Kansas Oily—See K eokuk & West ERN R
Des Moines Northern A TF.—1st M. $5,415,000,gold.c 149
Des Moines Union—Stock, $2,000,000.............—
3*7
1st M. for $800,000, g o la ...............................C e .o '
Detroit Bay City A Alp.—See Detroit & Macki NAC.
Detroit Grand Haven A Mil.—1st equip. M. gu .. ..o* 189
Consol, mort., guar, by Gr. Trunk of Can..........o* 189
65
Detroit Hillsdale A 8 . W.—St’k,4p. c.rentT,L.S.&MS.
Detroit Grand Rapids A Western—
Common stock...........................................................
Preferred stock, 5 per cent.....................................
55
Ionia & Lansing 1st mort., ext. in 1889, guar..o*
1st consol, mort., $6,000,000, lawful money. ..c* 350

Philadelphia. Pa.
$1,300,000
4 g. F. & A.
Drifton, Pa.
1.500.000 See text. See text.
Philadel., Co.’ s Office.
600,000
6 g. A. & O.
2.308.000
4*2g. M. & N.
100 38,000,000
100 23.650.000 2ia in ’98 J. & J. Office, 47 Wm. St., N. Y.
1871 500 &c.
M. & N. N. Y., Fourth Nat. Bank,
1.934.000
l g- J. & J.
1886 500 &o. 28.650.000
do
do
1886
do
do
1,000
4.348.0001
419 J. & J.
1888
do
do
500
8.103.500
J. & D.
5 g.
100
4.283.000
100
763,500 6 in ’98. August. Chicago, C. R. I. & Pac.
1874
1,000
4
1.200.000
J. < J. N.Y.,Chic.R.I.&Pao.Co.
&
1874
1,000
do
do
1,200,000
2ia J. & J.
1881
1,000
do
do
4
672.000
J. & J.
R.
1895
1,000
2.933.000
4 g. J. & J. N. Y., Metropol’n Tr. Co.
100
400.000
1887
1,000
628.000
ö g. M. & N. N. Y., Central Trust.
1896

1894

$1,000
50
1,000

Aug. 1, 1936
Sept. 26,1894
Apr. 1, 1909
Nov. 1, 1918
J ’l y l 5 , ’9 8 ,lia
Nov. 1, 1900
Jan. 1. 1936:
Jan. 1, 1936
June 1, 1928
Aug. 2/98,6%
Jan. 1, 1905
Jan. 1, 1905
Jan. 1, 1905
Jan. 1, 1915
Nov. 1, 1917

1878
1,000
1878 200 &c.
100

2,000,000
3.200.000
1.350.000

6
6
4

A. & O. (Mechanics’ Nat.Bk., ) Nov. 14,1918
A. & O. ) N. Y. and London. > Nov. 15.1918
J. & J. N. Y., Farm. L. & Tr. Co. July 5, *98,2%

1869
1,000
1897 500 &o.

2.510.000
3.183.500
770,000
4,113,168

5
4

J. & J. ( Second Nat. Bank, ) July 1, 1899
A. & O. )
Boston.
> Apr. 1, 1946

E arnings.—Fiscal year ends June 30. In year 1896-97 gross’ Wagner; Comptroller, Stephen Little. Office, 47 William Street, N. ? ’
$1,045,202; net, $186,376; charges, $40,908; bal., surplus, $145,468' —(V. 65, p. 25, 26, 6 9 ,3 5 0 ,3 6 4 , 3 7 1 ; V. 66, p. 236,1188; V. 6 7 ,p. 176.
In 1895-6, gross, $1,218,452; net, $194,002.
2 7 2 , 319, 4 2 2 , 4 2 9 , 578, 788.)
D enver L eadville Sc G u n n iso n R y . - A narrow-gauge road from
Des M oin es 8c F o
R .—Owns Des Moines to Ft. Dodge.
Denver to Leadville, Col., 151 miles; Como to Baldwin Mine, 131 mileS; Ia., 88 m., and Tara to rt D odge Rmiles; trackage, Illinois Central, Tara
Ruthven. 55
branches, 43 miles; total, 325 miles. The bonds were deposited to to Fort Dodge Junction, included above. Leased Jan. 1,1887, to Chic.
secure $2,030,000 Union Pacific 4 ^s. Receiver is Frank Trumbull, Kook Isl. &
appointed in August, 1894. Sale set for Nov. 18,1898. V. 67. p 319, a guaranteePao. for 18 years at rental of 30 per cent of gross earns., with,
of
633,842. By plan adopted October 18, L898, the road is to be trans­ bonds, and 2*3 4 per cent interest on the first mortgage and extension
per
Preferred
ferred to the new Union Pacific Denver & Gulf, which w ill give each is entitled to 7 p. c. cent per annum on the incomes. common to 7 stock
non-cumulalive dividends, then
p. o.,
4 1s per cent bond $650 iu the uew U. P. D. & G. 4s, $200 in 1st pre­ after which both share equally. D ividends .—On preferred in 1893,
ferred Gulf stook trust certificates and $150 in 2d preferred Gulf stock Aug., 2 p. o.; 1894, Aug., 4 p. c.; in 1895, Aug., 4 p. o.; in 1896, Aug.,
trust certificates. V. 67, p. 736, 842. See also plan in V. 67, p. 748. 6 p. e.; in 1897, Aug., « p. o. Rental for year ending Deo. 31,1897, w as
In year 1896-97, gross, $704,398; net, $93,003.—V. 67, p. 748, 842.
$151,325; for 1896 was $153,680.—V. 64, p. 1181; V. 66, p. 1 0 8 7 .
D enver 8c R io Grande B R . - ( See Map) —R oad—The lines of this
Des M o in es 8c K a n s a s City R y ,—See K eokuk & W estern R R .
company, well shown on the adjoining map, reach all the important
points in Colorado, while its standard gauge line from Denver via Pueblo
L atest E arnings.—2 mos., ) 1898.......Gross, $29,279; net, $12,661
westerly, via Leadville and Grand Junction, forms a link in the trans­
Jan. 1 to Feb. 28.
> 1 8 9 7...-..Gross, 23,643; net,
6,737
continental route to Ogden, 8alt Lake City, &o., including:
Year 1897, gross, $162,941; net, $22,615.—V. 65, p. 924; V .6 6 ,p . 760.
Miles.
Miles.
Of the preceding:
Road owned and operated.-.1,586
Des M o in es N orth ern 8c W e ste rn R R .—Owns from Des Moines
Rio Gr. Je. RR., etc. (leased).
62 Standard gauge...................... 682 to Fonda, Iowa, 114 miles, and from Clive (7 miles from Des Moines)
(Of which 301 is 3d rail.)
Leased to Rio Grande West..
18
! to Boone, 35 miles; total, 149 miles—all standard. In August, 1894. a
Narrow gauge only................ 984 i controlling interest was acquired by Chicago Mil. & St. Paul, which
Total June 3 0 ,1898........... 1,666 2d track and sidings.............. 357 will operate the road separately. Y. 59, p. 228. Successor of Railway
The U. P. Denver & Gulf use» Denver & Rio G. tracks from Walsen- sold in foreclosure Dec. 18,1894. Capital stock authorized, $8,000,000;
burg to Pueblo, 57 m., at a rental of $45,000 per annum. — 61,p. 421. outstanding, $4,372,500; par $100. The first mortgage trustee, Metro­
V.
H istory .—Reorganization of a railway company of same name fore­ politan Tr. Co., N. Y.
closed July 12,1886. The Rio Grande Junction is leased jointly by
E arnings—4 mos., >1898.................. Gross, $161,253; net, $57,061
this company and the Colorado Midland, and its bonds guaranteed. In
Jan. 1 to Apr. 30. $1897........1......... Gross, 128,669; net, 28,578
July, 1895, the Rio Grande & Santa Fe (formerly Santa Fe Southern), } For year ending June 30,1898, gross. $502,601; net, $169,801; total
39 miles road, was acquired in interest of Den. & Rio G.—V. 63, p. 403.
f deductions, $133,093; balance, surplus for year, $36,708. For 1896-7.
D ividends sin’ce ’ t0> 1891 1892 1893 1894 1895 1896 1897 1898 , gross, $420,136; net, $90,857.
on pref., per. cent........> 2*3
0
2
0
0
2
2
213 i President, F. M. Hubbell, Des Moines, Ia. (V. 59, p. 1103.)
B onds.—Coupons of the first mortgage sevens are payable at option of ] D es M o in es U n ion R y .—A terminal road in Des M oines; owns 5
holder either in N. Y. City $35 U. 8. gold, in London, £ 7 4s. 5d. sterling,
branches, 9-7 miles 2d and side tracks, bridge
or in Amsterdam 86 florins, all free of U. 8. taxes. Of the first con­ miles main track andRiver and 25 acres of land in Des Moines. See
across Des
solidated gold bonds (United States Trust Co., trustee) $6,382,500 were sta.temei.ttoMoines
N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash
reserved to retire the first sevens when due. and they can be issued at RR., Chicago Great Western and Des Moines N. & W. Rental equal to
such rates o f interest up to 7 p. o. as will retire said bonds. Upon pay-1
monthly
ment of the first 7s the first consols will be a first lien on all the prop-1 expenses and fixed charges paid $46,554. by lessees on wheelage basis.
Bills
30, 1897,
Earnings for year
erty, as they are now on about 1,300 miles of road and all the equip- j gross, payable June $42,168; interest and taxes, $36,158; bal.,1897-98,
$131,482; net,
surplus,
ment. V. 67, p. 176. As to refunding of first mortgage, see below.
$6,010.—Y. 65, p. 1023, 1 1 7 3 .
Consols for $6,900,000 are reserved for extension to Ogden, if
D etroit H ay City 8c A lp en a .—See D etroit & Mackinac .
deemed advisable. Those unissued m aybe used with the consent of
a majority o f the preferred stock for extensions at not exceeding
D etroit G rand H a v e n 8c M ilw a u k e e R y .—Owns from De­
$20,000 per mile. See abstract of mortgage in Chronicle , V. 47, p. 228. troit to Grand Haven, Mich., 189 miles. A reorganization of Septem­
The improvement mortgage (U. 8. Trust Co., trustee), is issued on the ber, 1878. The principal and interest on the bonds are guaranteed by
property covered by the consolidated mortgage, and so covers all the the Grand Trunk of Canada. Stook, $1,500,000; par, $50. Real estate
company’s property, following immediately after the consolidated. mortgages, $226,000. On Jan, 1, 1898, sundry outstanding accounts,
Mortgage abstract in Chronicle, V. 47, p. 229.
$415,811; bills receivable, etc., $69,247. Grand Trunk of Canada
G eneral F inances.—On June 30, 1898, the company held in its owned June 30,1897, £5,753 equip, bonds, £66,678 consols and the
treasury stocks and bonds valued at $2,017,350. The “ special renewal $1,500,000 stock.
fund” held $453,070 Denver & Rio Grande in 1895 advanced Rio
E arnings.—8 mos. >1898................. Gross, $969,480; net, $197,085
Grande Southern $169,839 in cash and endorsed $573,498 notes given
Jan. 1 to Aug. 31. j 1897................. Gross, 828,a59; net, 158,811
for Rio Grande Southern floating debt, receiving therefor $671,000 Rio
For
Grande Southern firsts, one-half of the stock, and all surplus earnings deficithalf-year ending Dec. 31,1897, gross, $569,754; net, $171,477;
under interst, etc., $10,580. For year 1896, gross, $964,357; net,
over fixed charges, taxes, etc., for three years from Jan. 1,1895.
$93,744;
In January, 1898, the company consummated an arrangement with Truuk Ry.deficit under interest, etc., $277,266—advanced by Grand
In 1895, gross, $1,001,091; net, $101,648.
Kuhn, Loeb & Co. and Speyer & Co. for the refunding of the $6,382,D etroit G ra n d R a p id s 8c W e ste rn R f t . —Detroit westerly
500 7*1 js due Nov. 1,1900, into an equal amount of ist consols, bear­
to Grand Rapids, northerly to Big Rapids, etc., in cluding:
ing 4 ^ per cent interest. For terms of exchange offered to bond­
holders see Y. 67, p. 176, 319, 788. * In October, 1898, all but about
Road owned—
Miles.
Operated under lease—
Miles.
$2,000,000 7s had been exchanged. Y. 67, p. 788. The reduction in W. Detroit to Gr. Rapids... 147 Det. to Delrey (Det. Term .)............ 5
fixed charges will be $160,000 yearly.—V. 66, p. 236.
Gr. Ledge to Howard City 64 Delrey to Redford (F. & P. M. RR.) 8
Kiddville to Beldtng.......... 2 Lansing to N. Lan. (J. L. & S. RR.). 1
L atest E arnings.—From July 1 to Aug. 31, 2 m onths:
2 months—
Gross.
Net.
Olh. inc.
Charges. Bal., sur. Stanton Jot. to Big Rapids. 63 Paines to Saginaw (J. L. & 8. RR.
aud F. & P. M. R R .)...................... 7
1 8 9 8 ............... $1,505,362 $63 s,519 $41,601 $417,463 $262,657 Mecosta Jet. to Barryton.. 11
Remus to Weidman............. 13
Trackage—
1897............... 1,383,113 591,422
20,483
405,732
206,173
Rodney to Chippewa........... 5 Gr. Rapids to Sparta (C. & W. M.) 16Annual R eport .—Annual meeting is held at Denver the third Tues­ Howard City to Paines___ 75 Sparta to Sheridan (T. S. & M .)... 34
day in October. Full report for 1897-98 in V. 67, p. 422, 429. See also
editorial, p. 401. Construction account was closed in September, 1891,
Total owned............... ..380
Total operated Jan. 1 ,1 8 9 7 ...4 5 1
sinoe when all improvements have been charged against income.
Organization .—Successor Jan. 1 , 1897, of the Detroit Lansing &
Year ending June 30—
1898.
1897.
1896.
1895.
Northern and allied lines plan in V. 62, p. 319 and V. 64, p. 649.
Average miles operated..
1,666
1,666
1,663
1,657
B onds. —
The first consolidated mortgage is for $6,000,000; bonds are
$
$
$
$
Gross earnings................ 8,342,926 6,945,115 7,551,187 6,916,840 reserved to retire, by exchange or otherwise, the underlying Ionia &
Lansing first 5s, $770,000, and $1,317,082 for Detroit terminals and
Net earnings.................... 3,325,326 2,869,779 3,202,406 2,925,628
Other income..................
62,403
51,683
57,334
14,600 other property. Trustee, Old Colony Trust Co., Boston.
E arnings—7 months, ) 1898............ Gross, $826,152; net, $181,051
Total net income............. 3,387,729 2,921,462 3,259,740 2,940,228
Jan. 1 to July 31.
>1897............ Gross, 700,851; net, 148,260
Interest on bonds............ 1,997,950 1,997,950 1,997,950 1,997,950
Year end. Dec. 31.
1897.
1896.
1895.
Taxes and insurance___
362,0)18
351,991
352,786
342,256 Gross earnings................................. $1,316,740 $1,171,282 $1,149,655
New equipment........................................................
143,568)
qqo Net over exp. & taxes.......................
332,377
149,161
254,30&
Miscellaneous.................
129,179
67,323
74,046 $
Other income in 1897, $4,014; fixed charges, $239,833; balance, sur­
Dividend on pref. stock..
591,250
473,000
473,000
Nil.
plus, $97,558.—(Y. 66, p. 4 2 4 , 8 5 5 .)
D etroit H illsd
.—Owns from Ypsilantl,
Balance, surplus.............
307,252
31,198
218,390
528,690 Mich., to Bankers, a le 8c S ou th w estern R Rperpetuity from July 1,
Mich., 65 miles. Leased in
O fficers —Chairman o f Board of Directors, George Coppell; Presi­ 1881, to the Lake Shore & Michigan Southern Co.; the rental is $54,000
dent and Gen. Man., E. T. Jeffery; Treas., J. W. Giuuly; Sec., William per year—4 per cent on stock. Gross earnings in 1895, $39,961.




54




INVESTORS*

SUPPLEMENT.

[V ol. L XV II

October, 18Ò .J
8

RAILROAD

STOCKS

AND

BONDS.

3®

Subscribers w i ll con fer a great favor by g iv in g im m e d ia te notice o f any error discovered in these T a b les.
Bonds—
Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount Rate per When Where Payable, afid by Slocks—Last
of
Par
Por explanation of column headings, &o., see notes of
Outstanding Cent. Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
Detroit Lansing A Northern.—See D et r o it Grand R apid
Detroit A Lima Northern —
Stock, $8,000,000.......... .
80
Lima Northern Ry., 1st mortgage, gold
Detroit # Lima Northern, IstM ., g . .......M a.c& r 183
Detroit A Mackinac—Stock ($90,000 is pref.)........
all
“ First lien” bonds $1,500,000 gold— - ........... 0
all
«M ort, bonds” $2,500,000 gold, red. at par....c*
Detroit Toledo A Milwaukee—1st M., $1,500,000—
Dover A Rockaway—Stock 6 p. c., rental 999 years.
5
1st mortgage...............-— •— *............. ............ -•
600
Dubuque A Sioux City—S tock ...:........................ ---111. Cent., West.lines, 1st M., gold.. . . . . . . . . v.o*&r 218
Iowa Falls & Sioux City 1st M., Ia. F. to S. City.. 184
Cher A Dak and Cedar Rap. A Chic. 1st m orts... 197
Duluth A Iron Range—1st m ortga ge.....H ip -;°&r 173
173
2d mort., currency, red. at 105, $5,000,O00.Ce.o
Duluth Missabe A North'n—
Stock ($5,000,000 auth)
1st mortgage, gold, sinking f u n d .......................
1st consol, mortgage, $3,500,000, gold . . . . . . . . . . 130
New 2d mort. ($5,000,000) gold. red. at 105.Ce.c 130
Equipment trusts June 30,18 9 7..........................
Duluth Miss. River A N o —1st mort., g old .C e ....c’
25
Dul.Red Wing A So.—1 st M.g.,$20,000 per m.Ce.e*<fcr
156
Duluth South Sh.A Atlantic—Marq.H.&On.Gen.M.c
416
572
Inc. certs. ($3,000,000 held by C. Pao. Jan., ’ 97)
Car trusts, Oct. 1,1 89 8 .................. - -- ----- •- - -—
20
Duluth Transfer—1st mortgage for $2,000,000—

STERN R R.
$100
(?)
Oct. 1, 1945
In default.
5 g. A. & O.
1,000 $1.194,000
Apr. 1, 1947
In default.
1,860,000
5 g. A. & O.
1,000
2,090,000
1,000
J. A D. N. Y.. J. P. Morgan A Co. June 1, 1995
918,000
1895
1,000
June 1, 1995
a g.
do
do
2,000,000
4 g* J. & D.
1895
1,000
5
1897
(?)
Oct., 1898,3%
A. & O. N. Y.. 143 Liberty st.
6
140,000
100
do
do
J. & J.
6
35,000
1,000
1881
N. Y., Office, 214 B’way. J’ne30,’98,2%
9.999,600
100
Aug. 1, 1951
do
do
F. & A.
5.425,000
4 g.
1895
1,000
Oct. 1, 1917
do
do
A. & O.
2,800,000
7
1869 50Ö &c.
d to sec ure HI. Central 4s of 19 52.
3.930,000 Deposite
1888
A. A O. N. Y., Office, Mills Bldg, Oct. 1, 1937
5
1887 l.OOO&c 6,734,000
Jan. 1, 1916
do
do
J. A J.
1.000.000
6
1,000
1896
2,512,500
100
N. Y., Central Trust Co. Jan. 1, 1922
1,111,000
1892
6 g. J. A J.
Jan. 1, 1923
do
do
2,325,000
6 g. J. A J.
1893
1,000
Jan. 1, 1918
do
do
1,000
5 g. J. & J.
1898
(?)
N.Y., Post, Martin & Co.
63,947
J. A J. N. Y ., Chemical N. Bk. Jan. 1, 1924
728,000
i.ò o ó
1895
R g* J. A J. N. Y., Central Trust Co. Jan. 1, 1928
500,000
1,000
1888
Apr. 1, 1925
i g- A. A O. N. Y., Nat. City Bank. Jan. 1, 1937
1,077,000
1,000
1885
do
do
J. & J.
3,816,000
1,000
1887
5 g- F. A A. New York or London. Aug. 1, 1990
1,000 15,107,000
1890
Deo. 31, 1912
New York.
Î*
3,000,000
1892
1903 to 1906
368,803
July, ’95, coup, last pd. Jan., 1921
6 g. J. A J.
1,180,000
1891
1,000

s &W e

1895
1897

D etroit Sc L im a N orth ern R y ,—( See Map.;—R oad —Owns
from junction with the C. C. C. & St. L. Ry., south of Lima, Ohio,
to Teoumseh, Mich., 102 miles; from Tecumseh to Dundee, Mich.,
uses 15 miles o f Detroit Toledo & Milwaukee Ry. traokage; from
Dundee, Mich., into Detroit, the Detroit & Lima Northern owns its
own. track, 43 miles, including connection tracks to other roads and
about fifteen miles o f side tracks to reach Detroit industries.
Columbus Northwestern, owned in the interest of D & L. Northern,
was opened Aug. 15,1898, from St Johns to Peoria, O., 41 miles. A
traffic arrangement between Peoria & Columbus, O., 35 miles, gives
the D. A L. Nor. a through line from Detroit to Columbus, 247 miles.
In Aug , 1898, a branch from St. Johns to St. Marys, 20 miles, was
about completed. V. 67, p. 428.
R eceiver .—On Sept 6,1898, James B. Townsend, of Lima, O., was
appointed receiver and Irving- Belford speoial master to report on con­
dition of the road. J. 8. Bache, of New York, was later appointed coreceiver. C. N. Haskell also sold his interests, and it was thought the
road would be merged in one of the larger existing companies. V. 67,
p. 529,689.
B ondholders ’ Committee .—Walter G. Oakman, Chairman, Presi­
dent Guaranty Trust Co.; John I. Waterbury, E. A. Merrill, Jules S.
Bache, Philip Lehman; Secretary, H. A. Murray, 65 Cedar Street, New
York. This committee represents both classes of bonds. V. 67, p. 529.
E arnings. - For 8 ^ months ending Sept. 21,1898, $308,753, against
$180,829 in 1897. (Y. 66, p. 616; V. 67, p. 428, 529, 689.)
D etroit M ackin ac & M arqu ette » » . —See Miscellaneous Cos D etroit Sc M a c k in a c R y .—Owns from Bay City, Mich., to La
Rooque, 157 miles; Rose City Branch, 32 miles; .Prescott Branch, 12
miles; Val. Branch, 26 miles; various logging branches, 67 miles; total,
294 miles. La Rocque to Onaway, Mich., 171 miles (which forms
«
part of the extension to Mackinac), operated from Julv 1,1898. Much
of the logging branch mileage is temporary, built only to bring out
lumber, see V. 61, p. 558. In 1895 earned 435,107 tons, of which
lumber, logs and shingles furnished 94 per cent.
H istory ,Etc.—Formed in December, 1894, to succeed the Detroit
Bay City & Alpena, sold in foreclosure. « Mortgage bonds ” for $500,000 are reserved for betterments, etc., at not over $50,000 per year.
The stock and $750,000 « mortgage bonds ” are held in trust, and if
deemed best may be converted into preferred stock. See V. 60, p. 130.
Stock .—The capital stock is $3,000,000, of which $1,000,000 pre­
ferred is issuable only for conversion of bonds as above.
L atest E arnings .—2 mos., ) 1898........ Gross, $91,014; net, $20,771
July 1 to Aug. 31.
J 1897........ Gross, 72,443; net, 15,593
E arnings .—Report for year ending June 30,1897, in Y. 65, p. 1020
For year 1897-8 gross, $481,468 ; net, $177,200; interest, $116,720
taxes, $6,879 ; bal., surplus, for year, $53,601. In ’96-7, gross, $406,
682; net, $101,943 : charges, $123,918 ; deficit, $21,975.
Officers .—President, J. D. Hawks of Detroit. (V. 67, p. 736.)
D etroit T o led o Sc M ilw a u k e e K K .—Owns Allegan to Dun­
dee, Mich., 133 miles ; leases Allegan to Holland (from C. A W. M. in
Deo., 1897), 23 m iles; trackage (Ann Arbor Ry.), Dundee to Detroit,
23 miles, and Holland to Grand Haven (Chio. & West Mich.), 21 miles—
see V. 65, p. 1173. Connects at Teoumseh, Mich., with Detroit & Lima
North., ana was operated in conjunction with that company till April,
1898. Incorporated in June, 1897, to take over the Michigan Division
(as above) of the Cincinnati Jackson & Mackinaw. Capital stock is
$1.500,000 ; first mortgage for $1,500,000 of 5 p. c. bonds, dated Aug. 1,
1897. No bonds issuedto April, 1898.—V. 66, p. 708,1089.
D u bu q u e Sc Siou x C ity » » . —(See Map o f Illinois Central)—
Owns Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles ; total owned, 600 miles.
Organization .—Controlled since April, 1887, by the Illinois Central
RR., which owns $9,938,600 of the $9,999,600 stock and has issued
its own bonds on the road; the only D. & S. C. bonds held by the public
are the 7s issued under Iowa Falls & Sioux City mortgage, $2,800,000.
—V. 61, p. 560.
D ividends —In 1888, ^ o f 1 per cent; in 1891, 2 ; in 1892, about 15 of
l p .c .; in ^ S .l^ p .o .; in ’9 4 ,2 *2 ; i n ’95, Dec., 1 ; in 1896, 3 p. 0.; in
1897, June, 1 p. e.; Dec., 1 p. c.; in 1898, June, 2 p. c. Stock nearly
all owned by 111. Central.
D u lu th Sc Ir o n R a n g e R R .—Owns Duluth to Ely, Minn., 116
miles, with branches to Mesaba Range Mines, Fayal, etc., 57 miles. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
Controlled by Minnesota Iron*Co. and to be acquired with that com­
pany by thé new Federal Steel Co.—See V. 67, p. 578, 633, 736.
Stock, E tc.—Stock authorized, $10,000,000, having been increased
in Nov., 1897, from $3,000,000 ; outstanding Jan. 1,1898, $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of which
201,790 acres had been patented to it prior to April 30,1895—Y. 64, p .
1041. The Minn. Iron Co. Oct., '96, owned the stock and $4,500,000 2d
mortgage bonds, but in 1898 $1,000,000 was returned to D. A I. R.
in seulement o f indebtedness due from Minn. Iron Co., and prooeeds
will be used for construction o f Stewart River branch and other im-




provements. (V. 66, p. 1237.) The first mort. bonds are authorized a t
the rate of $25,000 per mile for construction and $7,000 for equipment.
Barnings.—Balance sheet on December 31, 1897, was given in V .
67, p. 71. For calendar year 1897, gross $2,644,539; net, $1,117,605; other inoome, $63,771; interest, $571,600; rentals, $1,890; bal­
ance, surplus, $607,886. In year ending Deo. 31.1896, gross, $1,973,846; net, $879,426; bal., surplus over charges, $325,373; 1895 gross,
$2,188,372; net, $1,202,897; other inoome, $17,083; interest, $290.202; rentals, $l,890;.improvements, $8,239; balance, surplus, $919,649.
President, J. L. Greatsinger, Duluth.—(V. 67, p. 7 1 .)
D u iu tli M issabe Sc N orthern » y .—Owns from Duluth to Moun­
tain Iron, Minn. ,77 miles; branches, 53 miles; trackage to Union Depot,
Duluth, 2 miles; total, 132 miles. In September, 1893, control o f this
road was obtained by the Lake Superior Consolidated Iron Mines, with
a capital of $30,000,000. On June 30,1896, funded debt, including
equipment obligations, was $5,564,277.
Bonds.—In March, 1898, was made a new mortgage to secure $5,000,000 o f 5 per cts., of which $3,500,000 to retire then general second
mortgage o f 1894 and the remainder for other purposes. The mortgage
oi 1894 nas been discharged of record.—V. 66, p. 573.
E arnings.—In 1897-8, gross, $2,091,867; net, $963,931. For year
ending June 30,1897, gross, $1,586,246; net, $1,010,405; other income,
$11,691; charges, $905,914; bal., surplus, $116,182. In 1895-6, gross,
$1,791,980; net, $1,210,635; other income, $16,525; charges, $1,320,621; balance, deficit, $93,461. Total tonnage in 1894-95 was 1,805,255
tons, of which 1,704,679 was ore. Ton mile rate 0-996 cent. (V. 66,
p. 236, 573.)
D u lu th M ississip p i R iv e r Sc N orthern R R .—Operates from
Mississippi, Minn., via Swan River, on the Duluth Superior A Western,
to Hibbing on the Duluth Missabe A Northern, 36!2 miles. Over the
latter road it has connection with all points on Missabe and Vermillion
iron ranges, and over Duluth S. & W. with Duluth. Extension
Hibbing to Davis, Minn., 14 miles, expected to be completed mOctober, 1898. Capital stock authorized is $25,000 (par $100); out­
standing $4,800. The 1st mortgage is for $2,250,000.
E arnings.—For year ending June 30, 1898, gross, $183,990; net,
$55,708; interest on bonds, $38,240; balance, surplus for year, $17,468
In 1896-7, gross, $128,150; net, $41,729; int. on bonds, $36,400; bal.
surplus, $5,329. President, A. W. Wright, Alma, Mich.—V. 61, p. 281.
D u lu th R ed W i n g Sc Southern R R .—Projected from Duluth
via Red Wing, Minn., and Sioux City, Iowa, to a point opposite Omaha.
Neb. In operation from Red Wing, southerly to Zumbrota, 25 miles; branohes, 3 miles. Stock, $375,000, of w hich$125,000 pref.; par, $100..
In year ending June 30, 1897, gross, $65,808; net, $21,016; charges,.
$16,917; balance, surplus, $4,099. In 1895-96, gross, $79,460; net,
$25,980. President, T. B. Sheldon. (V. 56, p. 403.)
D u lu th South Shore Sc A tla n tic R y .—Operates Duluth to Sault
Ste. Marie, 410 m iles; “ Soo” Junction to St. Ignace, 43 m.; other, 134
m.; total, 587 miles. Controlled by Canadian Pacific.
Capital Stock .—Common stock is $12,000,000 ; preferred, $10,000,000; par both $100. Preferred stock is 6 per cent, non-cum. Canadian
Pacific Jan. 1,1898, owned $6,100,000 com. and $5,100,000 pref. stock,
$3,000,600 incomes and $15,107,000 consols.
B onds, &c.—Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per oent
guaranteed by Canadian Pacific, which Jan. 1,1898, held the entire
outstanding issue [$15,107,000] in its treasury as security for its 4p. c.
debenture stock; consols for $4,893,000 are reserved for prior bonds
and additional am ounts may be issued at $20,000 per mile of new lines
General F inances.—On June 30,1898, loans and bills payable w ere
$1,451,655. Of the tonnage carried in 1897-8, ores furnished 58
p. o., lumber, etc., 25 p. 0.
L atest E arnings.—Jan. 1 to Deo. 31,12 months, gross, $1,591,115.
in 1897. In 1898, Jan. 1 to Sept. 30 (9 months), gross, $1,375,011; in
1897, $1,184,880.
E arnings.—For year ending June 30, 1898, gross, $1,748,389; net
$642,455; other income, $21^708 ; interest on bonds, $859,430; taxes
etc., $49,668; balance, deficit for year, $244,935. In calendar year
1896, gross, $1,905,811; net, $671,131.
D u lu th Superior Sc W e s te r n R y .—New Duluth to Deer River,
Minnesota, 100 miles. In 1898 acquired by and merged in the Eastern
Minnesota RR. (Great Northern Ry.), whioh purchased all the securi­
ties and made it subject to its ow n mortgage of 1898.
D u lu th T ran sfer R y .—Operates 24 miles of track. The mort gage for $2,000,000 is to the Metropolitan Trust Co. of New York,
as trustee. Interest due January 1,1896, was not paid. John Eliot
Bowles was appointed receiver in September, 1896. Decree for fore­
closure was obtained December 21,1896, but no date of sale fixed and
no plan prepared to July, 1898; upset price $500,000.
B ondholders ’ Committee .—Thomas 8. Krutz, Thomas G. H illhouse, William W. Cook of New York, C. Lippitt of Norwich, Conn.,
and John Foster of Providence. Ail the bonds have been deposited
with the committee.
Stock authorized and outstanding, $2,000,000; par $100. The Duluth.
Sc Superior Belt was organized to extend the system to Superior
Wis.—V. 62, p . 232, 277 589; V. 63, p. 504,1159.

INVESTORS’

SUPPLEMENT.

[V ol . LXVII

Subscriber» w ill con fer a great fa v or by g iv in g Im m ed iate notice o f a n y error discovered In these T a b les.
RAILROADS.
on first page of tables’

Durham dt Northern By.—Stock, $500,000 auth.
First mortgage.................................................
East Mahanoy BE.—Stock..........................................
East Pennsylvania—Stock 6 p.o gu.999yrs.PhJL&R
IstM ., gold, guar. p.&i. by P. & R. RR. (end.)...ci
East St. L dt Caron.—Stock (Pa. Co. owns $310,000)
East Shore Terminal—1st mortgage, g o ld ........... c*
Funded coupon scrip (1st and consol, mortgages)
2d M. ($300,000), g., red. at 105 &int. any M.&S.
East Tenn. dt Western N. Car.—First mortgage.......
East dt West BB.—Stock $1,500,000..........................
Eastern Kentucky By.—Stock ($1,779,500 Is pref.)
Eastern (N. H.)—Stock.................................................
Eel Biver—Stock............................................................
Elgin Joliet dt Eastern—1st M. ($10,000,000) gold.o*
Elmira Cortland, dt Northern—1st pref. M., gold, .c*
1st mortgage, gold, guar, by Lehigh V alley___o
Canastota ' orthem 1st M., guar, (see text)
Elmira dtLake Ontario—Sodus Bay & So.—1st M., g. c
Elmira dt Williamsport—St’k, com., 5 p. c. ren’l, N.C.
Preferred stock, 7 p. o. rental, 999 yrs., No. Cent.
1st mort., convertible into common stock at par.r
Income bonds, 999 years to run.........................o*
Erie dt Centra' N. Y.—1st mort., gold, $800,000..o*
Erie dt Pitts.—Stock, 7 p. o. rental,999 yrs„PennCo.
Equipment bonds.................................................... ..
General mort., $4,500,000, gold, guaranteed.......

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
of
Par
Outstanding Rate Per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
whom.
Dividend.
35 1870 $1,000 $1,000,000
J. & D. N. Y., N. Y. Cent.* Hud. June 1, 1900
z « - A. & O.
35 1872
1,000
300,000
7
do
do
Oot. 1, 1900
56 1870
1,000
1,000,000
7 g. J. & D.
do
do
June 1, 1900
56 1872
1,000
600,000
7
A. & O.
do
do
Oot. 1, 1900
100
290,100 See text.
42 1888
150,000
6
M. & N.
Nov., 1928
1873
1,000
500,000
4
J. & J. Jan., ’85, int’st last pd. July 1, 1903
.... ....
50
497,750
5
J.& D.15
J’ne 15,’98,21»
36
....
50
1,730,450
6
J. & J. Phil., Phil. & Read. Ry. J uly, ’ 98, S%
36 1888
1,000
495,000
4 g. M. & S.
do
do
Moh. 1, 1958
.... ....
100
420,000
.... 1890 1,000 1,000,000
In default.
Aug. 1, 1915
5 g- F. & A.
1894
Text.
166,480
Text.
.... 1892 1,000
277,000
Mch. 1, 1902
See text.
8 * M. & S.
.... 1871
250.000
6
M. & N. Phila. Gu. T. & S. D. Co. Nov. 1, 1905
....
..
100
1,500,000
.... ....
100
3,447,300
....
16
100
738,750
3
J. & D. Boston,Off.
Oliver St J’ne 15,’ 98 1*2
....
94
100
3,000.000
3
A. & O.
See text.
Oot. 5, ’98,1*2
187 1891
1,000
7,389,000
5 g. M. & N. N. Y ., J. P. Morgan & Co. May 1, 1941
120 1884
1,000
750,000
fe
6 g- A. < O. Phila., Lehigh Val. RR. Apr. 1, 1914
120 1884
1,000
1,250.000
do
do
Apr. 1, 1914
5 g- A. & O.
.... 1886
300,000
6
J. & J.
do
do
July 1, 1906
34 1884
1,000
500,000
5 g. J. & J. N. Y., Nat. Bank Com. July 1, 1924
....
75*2
50
500,000
5
M. & N. Phila., Broad St. Sta. Nov. 1, ’98,2*2
....
751
2
50
500,000
7
J. & J.
do
, do
July, *98, Sf1
2%
1860
751
2
1,000
963,000
6
J. & J.
do
do
Jan. 1, 1910
.... 1863
500
570,000
5
A. & O.
do
do
Oot. 1, 2862
19 1895 100 &c.
290,000
New York.
Aug. 1, 1915
6 g- F. & A.
85
....
50
1,998,400
7
Q.—M. N. Y ., Union Trust Co. Sept“ , ’ 98,1*1%
81 1870
1,000
390,000
7
A. & O.
do
do
Oct. 1, 190u
81 1890
1,000
3,368,000
3*2 g. J. & J.
do
do
July 1, 1940

D u lu th Sc W in n ip e g R R . —See D uluth Superior & W estern
E el R i v e r R R . —Owns from Logansport, In d.,to Butler, Ind., 94
D u n k i r k A lleg h en y V a lle y Sc P ittsb u r g .—Owns from Dun­ miles. Foreclosed July 6, 1877. Leased for 99 years, April 1,1887,
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation in 1872 renewable forever, to Wabash, at 2 per cent yearly on the stock till
o f the Dunkirk Warren & Pittsburg and the Warren & Ven­ i cBSr’ 1892. then 21 till 1895 and 3 per cent thereafter, but in June,
»
ango companies. Leased for 500 years from 1873 to New 1897, a deoision was rendered in the Superior Court of Indiana revok­
York Central & Hudson River RR., but accounts are kept separate. ing the charter of the Eel River for having leased itself to a competing
Rental is interest on bonds and 1*2 per cent on stock. Capital, $1,300,- line, an appeal from which was pending in July, 1898—see Wabash
000; p a r, $100. The N. Y. Central & Hudson River Co. owns $1,067,600 item V. 64, p. 1089. Sept. 8,1897, Richard Ruddell of Kokomo, Ind.,
of the stock. For year ending June 30,1897, gross, $207,073 ; deficit was appointed receiver, but never took possession of the property, and
under operating expenses and taxes, $5,340 ; interest, etc., $203,500 ; dividends were paid regularly to Oot., 1898, inclusive. (V. 58, p.
dividends paid (1^ p. o.), $19,500 ; total deficit for year, $228,340. In 716, 1110; V. 64, p. io 8q.\ V. 65, p. 462.)
year 1895-96 gross, $2i8,160; deficit under operating expenses and
E lg in J o l i e t dc E a s t e r n R y . —(See Map)—Owns from Waukegan,
taxes, $5,054.
m ., on Lake Michigan, via Spaulding and Joliet, to Porter, Ind., 130
D u rh a m Sc N orth ern R y .—Henderson to Durham, N. C., 42 miles, and branches Normantown to Aurora, lo miles—Walker to Cos
miles. Part o f the “ Seaboard Air Line” system. Dividend in 1892-93 ter. 111.—32 miles; Hammond to Whiting, Ind., etc., 9 miles; total
2 p. o., in 1895-96 2*2 p. o.
main line owned, 180 miles; spurs to coal mines, etc., 13 miles;
E arnings.—For year ending June 30, 1897, gross, $68,871; net. trackage (L. N. A. & Chicago, 9 *2; Chicago & West Indiana, 4-8; Belt
$18,794; interest and taxes, $10,588; balance, surplus for year.$8.207- Ry. of Chicago, 2), 16 miles; side traoks and yards owned, 76 miles,
In 1895-96 gross, $70,284; net, $16,386.
total track operated, 286 miles. To be owned by the new Federal Steel
P a st B r o a d T o p R R . Sc C oal Co. (P a .)—Owns from Mount Co. by interchange o f stook. For terms of interchange see Stock be­
Union, Pa., to Woodvale, Pa., 31 miles, and leases Shade Gap, 11 miles, low. V. 67, p. 578, 633.
and branches to mines, 3 miles ; total, 45 miles. A coal road opened
Organization .—An outer belt line at Chicago for transfer of freight
in 1874. Reported sale was denied in July. 1898. V. 67, p. 177. without breaking bulk. Also reaohes coal fields.
Stock $815,589 (par $50), of which $247,189 is 6 p. c. pref.; current
Under the Federal Steel consolidation each share on payment o f
liabilities June 30,1897, $271,202.
$17 50 cash receives $87 50 preferred and $70 common of the
Federal Steel Co. In Oct., 1898, over 90 per cent o f E. J. & E. Ry.
EARNINGS.—Year ending June 30,1897, gross, $69,050; net, $9,169;
other income, $569; interest, eto., $23,955; bai., deficit, $14,217,—V stook had Deen deposited. V. 67, p. 578, 633, 736.
67, p. 177.
STOCK.—Stock, $6,000,000; par, $100.
P a st M a h a n o y R R .—Owns from East Mahanoy June, to Waste
B onds, E tc.—First mortgage (trustees Central Trust Co. and Augustus
House Run and branches, 15 miles. Re-leased Deo. 1, 1896, for 999 L. Mason) is for $10,000,000; the balance unissued can be disposed o f
years to Little Schuylkill Nav. RR. and Coal Co. and lease assigned to for extensions, betterments, eto. Eauip. notes June 30,1898, $36,846,
Phil. & R. Ry. Of the stock $280,000 is owned and deposited by the and loans and bills payable, $2 ,000.'
Reading Company under its general mortgage o f 1897.
E arnings .—2 m onths,> 1898 .............. Gross, $228,711; net, $78,007
B ast P e n n sy lv an ia R R . —Owns Reading, Pa., to Allentown, Pa.,
July 1 to Aug. 31. 5 1897................Gross, 188,995; net, 44,384
35 miles; second track 18 miles; all track 71 miles. Leased for 999 years
Annual R eport .—Fiscal year ends June 30. Report for 1896-97
from May 1, 1869, to the Philadelphia & Reading RR. at a rental o f 6
per cent per annum on the stock and interest on the bonds. Lease as- was given in V. 65, p. 461.
sumed in 1896 by the Phila. & Reading Railway Co. Of the stock
Year end. June 30. 1897-98.
1896-97.
1895-96.
1894-95.
$875,000 is owned and deposited by the Reading Company under its Tons carried 1 mile.218,587,896 182,853,924 193,818,870 162,252,418
general mortgage o f 1896.
Av. rate p. ton perm .
$0-0062
{$0-0061
$0-0064
$0-0065
B ast St. L o u is Sc C arondelet R y .—East St. Louis to Falling Gross earnings........ $1,390,695 $1,184,647 $1,292,420 $1,080,686
901,768
772,064
846,305
730,752
Springs and E. Carondelet, 12 m. First 7s, $200,000 were paid in ’97^ Expenses and taxes.
EARNiNGS.-For year ending December 31,1897, gross, $82,033; net
Net earnings......
$488,927
$412,583
$446,115
$349,934
$29,791; interest, $12,020; balance, surplus, $17,771.
Interest and rentals.
365,921
356,330
345,873
335,419
E a s t Shore T e r m in a l Co.»» R R .—Road.—Owns terminal road Miscellaneous..........
4,778
15,339
23,311
44,028
in Charleston, S. C., 3 miles double track laid with 60 pound steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of
Balance................ sr.$118,228 sur.$40,914 sur.$76,931 def.$29,513
land, 4 cotton compresses, etc., on the city’s water front, these being
President, Samuel Spencer, N. Y. (V. 67, p. 578, 633, 736.)
connected by its own road with the other railroads entering the city In
February, 1898, the interests controlling sold their holdings to C C
E lm ir a C o r t la n d Sc N o r t h e r n R y . —(See Wap Lehigh Valley.)—
Ouyler.of Cuyler, Morgan & Co., New York, in the interest of thè Owns Elmira, N. Y., to Canastota, N. Y., 119 miles, and leases during
Plant system and associates* Bonds liave been deposited with the corporate existence, Canastota Northern, Canastota to Camden. N. y Z
Metropolitan Trust Company.
21 miles, whose first mortgage bonds are stamped guaranteed principal
v
„ R eceivkrship .-W . E Huger was appointed receiver in Januarv, and interest. Stock $2,000.000; par, $100.
In February, 1896, the entire oapital stook was purchased and 5 per
1896.—V. 62, p. 138. Stock outstanding, $1,120,000.
J
E arnings.—Net earnings for year ending June 30,1897. were $31 - cent bonds guaranteed by the Lehigh Valley. V. 62, p. 1177. Oper­
417; in 1895,$28,401. (V. 62, p. 138; V. 667p. 425.)
'.'v e ie * o x , ations now lnoluded in Lehigh Valley statements.
In year ending June 30.1897,
interest,
E a st Tennessee V irg in ia Sc G eorgia.—See Southern R y . Co $107,500; miscellaneous, $7,639; rental reoeived, $107,500; (V. 61. p!
balance, defloit, $7,639.
B ast Tennessee dc W e ste rn N orth C arolin a R R . . —A n a r 794; V. 62, p. 364,1177; V. 63, p. 402.)
'
*y
row-gauge road from Johnson City, Tenn., to Cranberry, N.C., 34 miles
E lm ir a & L a k e O n t a r io R y . —Owns from Canandaigua, N Y., to
opened in 1882. Mortgage trustee is Guarantee Trust & Safe Deposit
Co. o f Philadelphia. Stock June 30,1896, $501,900. Extension Cran­ Chemung J unction, 64 miles; Sodus Point to Stanley, 34 miles; other 2
berry to Linville, 14 miles, is being built by a separate company and —total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
was under construction in October, 1897.
.
8»nd other railroads. Leased at oost of operating to the
E arnings.—For year ending June 30,1897, gross, $40,256; net Northern Central, which owns aU the $1,500,000 stock. Lease may
be terminated on thirty days’ notice. Year ends Deo. 31.
fliwisiS; ^ S ia r g e s fiif/r ii’ , 5 f ' 318‘
W 4-13* a8aiMt * 9-162 *■ , E<flnings—
?
Gross.
jyet.
Interest,die.
Bal., def.
$43,578
$64,265
$20,686
B ast dc W e st R a ilr o a d .—Cartersville, Ga., to Pell City, Ala., 117 Ifg X ....................$714,616
5,906
57,568
51,662
miles ; branches, 5 miles. Extension from Pell City to Birmingham is 1896.................... 665,485
projected. Formerly the East dt West BB. o f Alabama, sold In fore­
E lm ir a Sc W i l l i a m s p o r t R y . —Owns from Williamsport, Pa., to
closure May 29,1893. (V. 56, p. 923.) The present company was incor­
N- Y., 75*2 miles. Leased
porated under laws o f Alabama Jan. 11, 1894. No bonds issued. for 999 years from May 1,1863. The to the Northern Central Railway
dividends on the common stock
As to decision in Kelly suit and proposed purchase of road by Seaboard
on the
dividend on
Air Line, see V. 66, p. 384. President, Edward Kelly, New York. In are 5 p. c. andper centpreferred 7 p. c., less taxes» makingYear ending
oommon 4-58
and on preferred 6-38 per cent.
year ending June 30,1898, gross, $116,438; net, $11.024; total deduc­
P o ^ 31’ 1891» Spas, $1,033,541; net, $250,397; rental, $152,482. In
tions, $61,698; balance, surplus, $1,790.—(V. 66, p. 384.1
1896, gross, $1,014,190; net, $214,944.
E a ste rn K e n tu c k y R y .—Road from Riverton to Webbville, Kv
E l P a s o Sc N o r t h e a s te r n R R . —See N ew Mexico R y . & Coal
36 miles. Chartered in 1866 and opened through in 1889. Stock is
common $1.697,800; preferred $1,779,500. There are no bonds. Bills
E r ie * C e n
ork R y .
to
and accounts payable June 30, 1897, $53,613. Earns, for year 1896-7 natus, 19 miles;tr a l N e w YMay, 1898.—Cortlandt, N. Y., par,Clnoin
completed
Stock, $800,000;
$1(»0;
gross, $33,440; net, $5,881. In 1895-96, gross, $39,269; net, $4,326. outstanding, (I). Bonds are subject to call at par after Aug. 1,1900.
E astern R R . (N . JH.)—Owns from Portsmouth. N. H., to Seabrook Mortgage trustee, Hamilton Trust Co., Brooklyn, N. Y. President
(Massachusetts State Line), 16 miles. Leased to thè Eastern RR. (now (Aug., 1898), Charles O. Scull, Baltimore, Md. (V. 66, p.857; V 6 7 ’
^
’
consolidated with Boston & Maine) from October 1,1878, for 60 years p. 319.)
and 2 months at $22,500 per year. In June, 1891, a stock dividend of 50
E r ie & P it t s b u r g R R . —Owns New Castle, Pa., to Girard, Pa., 81
per cent was paid. Dividends since increase, 3 per cent per annum
miles; branch, to Erie Docks, 3 miles; trackage, to Erie, 17 miles; total




O ctober , 1898. J




k a il k o a d

stocks

and

bo n d s.

37

INVESTORS’
SUPPLEMENT.
[Voi,
u lvii.




n iT T T > A » T \

om nm ro

a

v n

D O U T ÌS

5 9

Ivin g im m e d ia te n otice o f any error d isco v ered in these T a b les.
Bonds—PrineiINTEREST OR DIVIDENDS.
pal.when Due.
RAILROADS.
Miles Date
Amount Rate Per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Outstanding Cent. Payable
Whom.
Road. Bonds
on first page of tables.
Subscribers w i l l confer a great fa v o r by

E r ie R a ilro a d Com pany—Common stock.. . . . —
Pref. stock, non cum. ($16,000,000 is 2d pref.)..
A — ld B o n d s A ssumed—R oads Consolida TED.
'O
N.Y. &E. 1st M.,Plerm. to Dim., ext., ’97, gold..c* 446 1847
446 1879
2d mortgage, (extended in 1879) gold.............e
446 1853
3d mortgage, (extended in 1883) gold............ c
465 1857
4th mortgage, (extended in 1880) gold...........c
465 1858
5th mortgage (extended in 1888), gold..........c
60 1861
Erie R’y .ls t M.,Buff. Br., Hornellsv. to Attica,g.c*
526 1870
1st consol, mort., $30,000,000, gold, $ & 8 . ..c
N. Y. L. E. & West, funded coupon bonds, gold.c* 526 1878
Buft. N. Y. & Erie, 1st M. (Buffalo to Corning, .c* 140 1876
67 1877
Buff. & Southw., 1 st M., Buff, to Jamestown, g.c*
12 1868
Newburg < N. Y. 1st mort., extended in 1889..c*
fe
23 1870
Suspen. Bridge & Eiie June., 1st M., gu. by Erie
B —B o n d s on Properties Controlled by OWNE RSHIP
10 18*9
*Bergen Co. RR., 1stM..Ruth. Jc. toRidgew. N.J.
*Ch.& Erie 1st M.,g. (Marion,O.. to Hamm’d,Ind.c* 249 1890
1888
Chicago & Atlantic Terminal, 1st mort., gold ..
1875
iElmira State Line Railroad, 1st m ortga ge......
’88-’89
TTGosb. & Deck’t’n, 1st & 2d M’s.,($60,000 are 2d)
8 1867
*Jeffers’n,lst&2d M’ s., ex.in’ 87&’ 89(H’ dale Br.)c
37 1889
1st mort., Carbondale to S. depot, gold...... -.c
1885
''Long Dock Co.cons.MMg.inow 1st M.) (see text) o
’66-’67
tfMont. & Erie, 1st & 2d morts. ($40,500 are 2ds)
40 1896
1|N. Y.& Greenwood L.,Prior lien M. ,$1,500,000,g.
34 1880
fNew Jersey &N. Y., 1st M. (reorganization).. .c*
1893
Gen.M., $1,200,000 (red. 105 after 5 years)...g
2ifl 1887
N.J.& N.Y. Exten. 1st M., int. gu. by N.J.&N.Y.
1882
N.Y.L.E.& W.C.& RR. 1st M.,“ lawfulmoney” .o’
1883
*N. Y. L.E.& W.D.& I. Co. 1st M., see V,,56, p.82.c*
431 1880
*N. Y. Pa. & Ohio, prior lien M.. gold, $ & £ . . . .c*
Do. Leased lines—see separate statements for Clev. &Mah.
[N. Y. Susquehanna & West.—See separate state ment.
’52-’75
iTioga Railroad bonds. (See that company). ...
C—Erie R ailroad Company New B onds.
67 1895
New 2d mort. on Buffalo & Southwest’n, gold.c*
New 1st consol. M. for $175,000,000 securing :—
1895
Prior lien bonds, $35,000,000, gold............c*&r
1895
Gen. lien, $140,000,000, g. 3 % to J’ly,’98) .c*«fer

112,246,300
58.844.000
2.482.000
1,000
4 g. M. & N. N. Y., 21 Cortlandt St,
do
do
fe
2.149.000
1,000
5 g- M. < S.
do
do
S
4.617.000
4 1 M. « s 8.
fig.
1,000
do
do
s
2.926.000
1,000
5 g. A. «S O.
do
do
J. & D.
709.500
500 &c.
4 g.
=
do
do
S
182,600
200 «fee.
4 g. J. « s J.
do
do
M. « s 8.
S
16.891.000
1,000
7 g.
do
do
S
3,699,500
500 «fee.
7 g. M. « s 8.
do
do
J. « s D.
S
2.380.000
7
1,000
do
do
S
1.500.000
50 &c.
6 g. J. « s J.
do
do
S
250.000
5 . J. « s J.
1,000
do
do
J. « s J
S
965.000
7
1,000
PITAL STOCK, OR BY (H)
op Enti RE(*) OR A M AJORITY (Î) OP Ca
A. « s O. N. Y., 21 Cortlandt St,
S
6
1,000
200.000
do
do
S
1,000 12,000,000
5 g. M. « s N.
do
do
S
1,000
300.000
5 g- J. « s J
A. « s O Elmira,Chemung Co.Bk
S
7
500 &c.
160.000
Various
6
246.500
S
300.000 4 ^ & 6 J. « s J Phila., Fidelity Tr. Co,
500 «fee.
fe
2.800.000
1,000
5 g. A. < O N. Y., 21 Cortlandt 8t,
fe
S
6 g. A. « s O N.Y.,J. P. Morgan < Co,
7.500.000
1,000
Various N. Y., 21 Cortlandt St,
170.500
5
do
do
M. « s N,
S
100 &c.
1.500.000
do
do
s
?*■ M. «S N.
400.000
500 «feo.
do
do
J. « s J
S
5
580.500
500 «fee.
do
do
M. « s 8
S
6,000
6
1,000
S
6 cur. M. « s N N. Y., 21 Cortlandt St.
1.100.000
1,000
do
do
J. « s J
S
6
3,396,000
1,000
do
do
S
500, &o.
8,000,000
41
ag. M. « s 8
S
Valley RR., Sharon Ry. and New Cas tie « s Shen. Valley.
500 &c,

504.500

1,000

1,000,000

1,000
1,000

30,000,000
31.032.000 I

operated, 101 miles. Leased to the Pennsylvania Railroad for 999
ears from March 1, 1870, at a rental of 7 per cent on stock and
iterest on the bonds, and the lease transferred to the Pennsylvania
Company. Under the general mortgage sufficient bonds are reserved
to retire prior bonds when due. The Pennsylvania RR. is purchasing
the $2,100,000 consol. 7s due July 1,1898, an issue of its guaranteed
trust certificates having been issued in part for this purpose.—V. 65,
p. 572; V. 66, p. 289. Gen. mort. 3 L3 were issued July 1, 1898, to
S
refund consol. 7s maturing on that date, and in 8ept., 189*, all the old
bonds, including the $1.000,000 gen. mort. 4s, except $390,000 equip­
ment 7s, had been refunded.—V. 66, p. 1089; V. 67, p. 689.
E arnings.—The lease has been quite unprofitable to the lessees, the
deficiency being in 1892, $206,430 ; in 1893, $188,216 ; in 1894,
$86,212; in 1895 profit $7,524; in 1896 loss $321,756; in 1897, $39,781.—V. 66, p. 289,1089; V. 67, p. 689.
B rie R a ilr o a d .—See Map on adjoining -page.—Embraces trunk
line from Jersey City, opposite New York City, to Chicago, 111., 986
miles, and branches 1,285 miles; total, 2,271 miles ; second track, 663
miles; 3d and 4th tracks, 8 miles; total, 2,941 miles. The total of
2,271 miles comprises :
Leased lines.
Miles.
Lines owned in fee.
Miles.
fe
Piermont, N. Y., to Dunkirk....447 Avon Gen. < Mt. Morris......... 1T18
&
Buffalo to Jamestown............... 67 Montgomery < Erie................ ÜT0
fe
Buffalo to Corning..................... 140 Goshen < Deckertown............ TÎ12
fc
Other branches...........................112 Roch. < Genesee Valley........ 1fl8
Leased to Nypano RR.
Stock all * or nearly all t owned.
fe
’ Chicago & Erie....................... 1T249 Cleve. < Mahoning Val....... . H81
&
*Jefferson RR........................... if45 New Castle < Shen. V al......... 1117
[N. Y. < Greenwood L. & b rs.. 1151 Sharon Railway....................... 1Î15
&
tNew Jersey < New York— 1T35 Operates No. of N. J. and pur­
&
chased control in July, ’97. IT
26
*Nypano R R ............................. 1T430
fTioga RR.................................. -58 Other lines............................... 105
Trackage.................................. 168
Other lines............................... 167

S

5 &7

Various.

May 1, 1947
Sept. 1, 1919
Mch. 1, 1923
Oct. 1, 1920
June 1, 1928
July 1, 1931
Sept. 1, 1920
Sept. 1, 1920
June 1, 1916
July 1, 1908
Jan. 1, 1929
July 1, 1900
L ease .
Apr. 1, 1911
May 1, 1982
July 1, 1918
Oct. 1, 1905
1928-29
July 1, 1927
Jan. 1, 1909
Oct. 1, 1935
1926-27
May 1, 1946
May 1. 1910
1932
June 1, 1910
May 1, 1922
July 1, 1913
Mar. 1, 1935
1905 « s 1915
S

S
5 g- J. « s J. N. Y ., 21 Cortlandt St. July 1, 1908
New York « s London. Jan. 1, 1996
S
4 g.
=
N. Y ., 21 Cortlandt St Jan. 1, 1996
&
4 g.

bonds. Of the $35,000,000 prior lien bonds, $5,000,000 are to be used
for improvements.
, .
Of the $140,000,000 general lien bonds, $91,968,000 are reserved for
the ultimate acquisition of all bonds and guaranteed stocks now left
undisturbed on various parts of the system [excepting the $1.000,000
seconds on Buffalo & Southwestern—see list V. 62, p. 891, and
$17,000,000 are reserved for new construction, betterments, additions,
etc., after 1897, under carefully guarded restrictions, not ov e r
$1,000,000 to be used in any one year. The general lien bonds bear
interest from July 1, 1896, first coupon being January 1, 1897, at
3 per cent per annum for tw o years and 4 per cent thereafter.
The position of the first consolidated mortgage is substantially
as follow s: It Is a first lien, either by mortgage or collateral trust
[the prior lien bonds, however, preceding the general lien bonds] upon
the company’s principal coal properties, upon its water transporta­
tion lines, including valuable terminal properties appurtenant thereto
and upon a number of profitable looal lines in New Jersey and near
Buffalo; it is a second lien upon the remaining coal properties and
upon the railroads leading to all the coal properties, upon the ter­
minals 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 first lien, and upon the entire line from
Salamanca to Chicago; it is a second consolidated mortgage upon
the lines of the original Erie Ry. between Piermont and Dunkirk (446
miles.)
iv
■ .
__
Real estate mortgages outstanding Sept. 30,1897, $438,700.
Old Bonds—Under the first consol, mortgage of 1895 the company
covenants to pay the interest regularly on all the old bonds in the
table that are marked with a * or a t (except N. J. & N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
A description of the Long Bock 6s was in March, 1894, S upplement
under N. Y. L. E. < W. The yearly rental Is $450,000.
&
For N. T. Lake Brie < T . Ooal < RR.. see Supplement January,
6 F
fi
1895.
F ixed Charges .—“ The fixed charges o f the Erie System (calculated
on all bonds which will be outstanding on completion of the reorgan­
ization) are reduced from $9,400,000 to $7,860,000 per annum (in­
cluding prior lien bonds $1,176,000; undisturbed bonds and stock
$5,500,000; general lien bonds, $1,184,000) and for the first two years
after reorganization a further reduction of about $300,000 per annum
is made to an amount nearly equaled by the net earnings o f the
property in 1893-94.
General F inances.—The old oompany was greatly hindered by
lack of capital, but this is remedied by the bond issues allowed under
the new mortgage. Control of the Northern RR. of New Jersey was
purchased in July, 1897. Control of the Vew Y ork Susquehanna <
fe
Western—which see—was acquired in 1898 through an exchange of
stock. V. 66, p. 335, 573.
Earning «.—2 months, >189* ...G ross, $5,548,103; net, $1,650,592
July 1 to Aug. 31.
51897___Gross, 6,032,686; net, 1,761,350

Total...................................... 1,801 All lines oper. in system........2,271
N. Y. Susquehanna & W est.. 236
IT See this company.
H istory .—On Dec. 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 inde­
pendent companies, the line from New York to Chicago (including the
Nypano RR. and Chicago < Erie companies) and also all branch and
&
subsidiary liDes except a few small properties aggregating about 300
miles held under lease. The reorganization p la n of August, 1895, was
given at length in V. 61, p. 368.
In 1896 the New York & Greenwood Lake was leased per plan in V.
62, p. 233; V. 63, p. 189; the Avon Gen. < Mt. Mor. leased per plan in
&
V. 62, p. 319, and control of the New Jersey < New York was pur­
fe
chased, (see V. 62, p. 6»3) in all 87 miles o f road. Control of Northern
RR. o f N. J. was purchased in July, 1897.—V. 65, p. 151.
In January, 1898, control of the N. Y. Susquehanna & Western was
obtained. The road is operated as an independent line. The acquisi­
A nnual R eport .—Fiscal year ends June 30. Report for 1897-8
tion will save the Erie considerable double tracking—see V. 66, p. 83, given in full in V. 67, p. 576, 631; see also editorial on page 614.
335, 573, and editorial p. 53. See Stock below.
1896-97.
1897-98.
Coal and Steamboat P roperty .—The Erie coal properties repre­ Gross earnings............................................... $33,740,860
$31,497,031
sent an aggregate o f 10,500 acres of anthracite, of which about Working expenses.......................... : .............. 25,438.038
23,332,243
9,000 acres are held in fee; also 53,000 acres of bituminous coal
lands held in fee 14,000 acres of bituminous held under mineral
. $8,302,822
8,164,788
134,312
rights. Its coal tonnage in the year 1896-97 aggregated 8,731,057 out Net earnings Erie coal companies.
209,785
o f the 20,122,086 tons hauled. The Union Steamboat Company has its Income from other sources ..........
179.201
203,583
terminal and other properties in Buffalo and a fleet of eight lake steam­
$8,478,302
. $8,716,190
ers. See V. 63, p. 514.
Total net income.
Deductions—
Stock .—The stock Is to be held by J. Pierpont Morgan, Louis Fitz­
$6,533,616
. $6.465,831
gerald and Charles Tennant, Bart., voting trustees, for five years, and
. 1,077,857
1,067,095
thereafter until the new first preferred stock shall have received 4 per Percentages due leased lines.................
304,443
244,270
cent cash dividend in one year. In the meanwhile certificates of Interest on car and equipment trusts.
213,193
261,100
beneficial interest are outstanding. The new company reserves the Interest on mortgages ........................
¿0,947
20,201
right to redeem either class of its preferred stock at par in cash. Pro­
visions of voting trust and preferred stock certificate were given in
Total charges............................................ $8,032.271
$8,126,282
Supplement of April, 1897, page 3.
$633,918
$352,019
In March, 1898, Erie pref. stock was authorized to he increased from Balance, surplus..............................................
$30,000,000 to $43,000,000, and common stock from $100,000,000 to
Officers —President, E. B. Thomas; Secretary, J. A. Middleton;
$113,000,000. to acquire New York Susq. < Western stock.—See V. Treasurer, Edward W hite; Auditor, J. T. Wann.
fe
66, p. 335, 573. The amounts listed to Oct. 12,1898, are given in
table above.
D irectors.—C. H. Coster, J. J. Goodwin, Abram S. Hewitt, John G
McCullough, D.
Alexander E.
Quintard
BONDS.—New York < Erie first 7s for $2,482,000, due May 1,1897, Samuel Spencer, O. Mills, Lynde Stetson, Orr, George W. J. Lowber
fe
Eben B. Thomas,
were extended for 50 years at 4 p. c., payable p. < i. in gold. V. 64, p. Welsh, Samuel E. Francis
fc
Williamson and R. M. Gallaway.
180,1040. The new first consolidated mortgage is for $175,000,000
[Farmers’ Loan < Trust Co. trustee]—see a b s t r a c t of deed V. 62, p. 89 —(V. 66, p. 83, 336, 573, 759, 953; V. 67, p. 74, 221, 4 7 7 , 5 7 6 , 614,
fc
and secures $35,000,000 prior lien bonds and $140,000,000general lien 6 3 1 ,6 3 3 , 636.)




60

INTVESTORS’

SUPPLEMENT.

[VOL. L X V I L

Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate n otice o f an y error discovered In these T a b les.
RAILROADS.
Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
If or explanation of column headings, &o., see notes of
Par
of
Rate per When Where Payable, and by Stocks—Last
_____________ on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Brw Railroad—(Ooncl'd)—D —C a r T r u s t s . E tc
£!•J i v t r u s t , 1888, ser. A. (guar, by D. < H .).. . . . . 1888 $1,000
fe
J. & J. N. Y., 21 Cortlandt St. $63,000 Jan.
N.Y.L.E.& W. oar tr.,B. to G. incl., part pd. an.o'
1,000 £ $1,945,340
Various
do
do
Yearly to 1905
New Erie RR. trusts (V. 63, p. 514).......................
_
_ 1895-6
990,000
do
do
<
*)
Yearly.
ST.Y.Pa. & Ohio eq. trusts, snk. fd. 3%, dr’n at 100 .... ’88-’90 £100
1,588,970
London.
6 g. Various
1908 & 1910
Avon Geneseo & Mt. Morris and Rochester & Genes see Va lley Sto cks—See th ose Cos
Eureka Springs—1st mortgage, gold.......................c
19 1883
1,000
500,000
F. & A. N. Y., Mercantile Tr. Co. Feb. 1, 1933
2d mortgage income bonds, non-cum.....................
. . . . 1883
500
500,000
I s- F eb ’y 1. ’ 92-3 pd. 3?!; ’93-4 none, Feb. 1, 1933
Evansville < Indianapolis—T. H. & Southe.lst M.o
&
40 1879
1,000
251,000
7
M.& 8. N. Y., Farm. L. & Tr. Co, Sept. 1, 1909
Evansville & Indianapolis 1st mort., gold,guar..o
55 1884
1,000
648,000
do
do
6 g- J. & J.
July 1, 1924
Con.M. ($2.500.000)g.,gu.p.Ai.(end.jEv.&T.H.o’ 135 1886
1,000
1,601,000
do
do
6 g. J. & J.
Jan. 1, 1926
Evansville < Terre Haute—Stock ($4,000,000).......... . . . .
&
....
50
4,000,000
Aug. 1, 1898
Pref. stock, non-cumulative. See text...............
....
50
1,284,000
A. & O Evansville, Ind., office, Oct. 15, ’98,2%
Consolidated mortgage (now 1st lien), gold........
115 1880
30,000
6 g. J. & J. N. Y., Farm. L. & T. Co. July 1, IS 10
1st consolidated mortgage, gold......................... c
144 1881
1,000
3,000,000
do
do
6 g. J. & J.
July 1, 1921
Mt. Vernon Branch mortgage, gold................... o*
25 1883
1,000
375,000
do
do
Apr. 1, 1923
«*• A. & O.
Sullivan County Coal branch mortgage, gold., .c*
30 1890
1,000
450,000
A. & O.
do
do
Apr. 1, 1930
1st general mortgage for $7,000,000, gold.......o* 199 1892
K g.
1,000
2,223,000
5 g- A. & O.
do
do
Apr. 1, 1942
Evansville Terre H. < Ohio.—1st M., g.,int. guar..c*
&
49 1870
1,000
775,000
6 g. M. & N. N. Y., Farm. L. & Tr. Co, May 1, 1900
2d mortgage, gold, int. guar, by Ch. & E. Ill___o*
49 1873
1,000
325,000
J. & J.
do
do
Jan. 1, 1900
Incomes....................................................................... . . . . 1881
150,000
î g‘ M. & N.
do
do
May 1, 1920
Fall Brook—Stock ($500,000 is 7 per cent, pref.)... 100
___
50
5,000,000
text, Q.-M.31 Office, Corning, N. Y. Sept. 30,1898
Farmville < Powhatan—1st mort. for $550,000___ . . . r 1888
6
f
1,000
320,000
6
M. & N.
May, 1922
Second mortgage for $500,000, incomes................
1889
1,000
. 500,000
6
F. & A.
July 25,1923
Findlay Fort Wayne < W. Railway—1st M. gold..c* . . . . 1894
£
1,000
1.200,000
J. & J. None paid to Oct., ’98. Jan. 1,1945
2d mortgage, income, non-cum., gold.................. r . . . . 1894
1,000
800,000
i g- Sept. 1.
Jan. 1,1945
Fitchburg—Common stock.........................................
....
....
100
7,000,000
Pref. 4 per cent stock, non-cumulative................
....
....
100 16,922,875
J. & J.
Boston, Office,
July 15,’ 98,2%
Bonds, $500,000 yr’ly/OOto 1903 inel., bal.l908.c’ . . . . ’79-’88 1,000
4,500,000
Various
do
do
Var.’99tol908
Bonds.
. . . . 1889
750,000
M. & S.
do
do
Moh. 1, 1899
Bonds to State of Mass. 4 p. c. since Feb., 1897.. . . . . 1887
5,000,000
F. & A.
do
do
Feb. 1, 1937
Bonds.
. . . . 1890
1,000
500,000
J. & D.
do
do
June 1, 1900
Bonds ($1,500,000 due 1907, interest A. & Ò .j... . . . . ’84-’87l 1,000
2,500,000
Various
do
do
1904-5-7
E u rek a Springs R y .—Seligman, Mo., to Eureka Springs, Ark., 18*«
F ll
y .—Owns from
miles. Stock, $500,000; par, $100. In year ending June 30, 1898, Fa.,a 53 B r o o k R a ilw aUlysses, Pa., 40 Coming, N. Y., to Antrim.
miles; branch to
miles; Fall Brook branch
gross, $59,914; net, $30,552. In 1896-97 gross, $60,047; net, $27,413. ' miles; leases Syracuse Geneva & Coming Ry., Coming, N. Y.>
o Geneva, N. Y., 58 miles, and branoh, 6 miles; and Pine Creek Ry..
E v a n sv ille Sc In d ia n a p o lis It I I .—Owns Evansville to Terre
tokesdale Junction to Newberry Juno., Pa., 75 miles; total, 239 miles •
Haute, Ind. (via Worthington), 138 miles; branch 6 miles; leasesbranoh
12 miles.
H istory , E tc.—Formerly Corning Cowanesque & Antrim. V. 55 ,‘
H istory , E tc.—A consolidation in 1885. Of the consols $904,000 P. 21. Dividends, paid quarterly since 1891, are 7 p. o. on preferred
held to meet prior liens. The consols, and the bonds of 1924 are guar­ a a d f ip . o. on common. The coal line of Phila. & Reading and New
anteed by Evans. & Terre Haute, which owns oapital stock, $2,000.000. v ’ i ? Central is over this line. The three companies guarantee the bonds
L atest E arnings.—From. January 1 to Oct. 7 (9>4 months), gross Si the,?iS,6 0reek R R- Co- O. O. & A. 6s for $170,000 were paid off in
$233,032 in 1898; $225,787 in 1897. In year 1897, gross, $291,0*7. May, 1897.
R eport . - F iscal year ends June 30. In 1897-8 gross, $319,811;
E arnings.—Fiscal year ends June 30. Statement in V. 67, p. 479:
net, $113,662; interest, taxes, etc., $174,980; bal., deficit for year,
NetOther inc. Int.,tax., vie. Ba'.fordiv.
$61,318. In 1896-97, gross, $278,428; net, $68,020; interest, taxes 18 97-8......$649,577
$190,446
$374,521
$9,953
$555,014
and rentals, $174,444; balance, deficit, $106,424. (V. 63, p. 8 78.)
187,606
275,268
27,908
434,966
1896-7...... 630,251
E v a n sv ille Sc R ic h m o n d R y .—See Southern I ndiana R y .
From balances given above dividends amounting to $305,000 were
7.J ea,ob year, being 7 p. c. on preferred and 6 p. o. on oommon.—
,a
E v a n sv ille Sc Terre H a u te R I I .—The system includes:
(V. 63,p. 1 8 9 ,3 5 5 ,7 9 4 ; V. 64, p. 233, Aro; V. 65,p. 5 1 3 ; V. 6 7 ,p .4 7 9 .)
Road owned and operated. Miles. Controlled—op. separately. Miles
F a r m v ille Sc P o w h a ta n R R . —Owns Bermuda Hundred, Ya., to
Evansville to Terre Haute.. 109 Evansville & Indianapolis^
Fannville, 89 miles, and branches to Coalboro, etc., 4 m.; total 93 m
Branohes to Mt. Vernon, etc.
53
Evansville to Terre Haute
3-ft. gauge. Completed March 3,1890. Stook: Common, $460,850;
Evansville Belt (stock held).
5
via Worthington, e tc .......... 156
f 5 00,000 ’ par» $100. Lo ans and bills payable July 1,1898,
Leased to other co.’ s Rock­
la year enc*ing June 30,1898, gross earnings, $70,299; net,
Total in earnings................ 167
23
ville extension....................
IT See this Company.
C l 8 9 lr 9 r & t f | i ° M J 4.0 l" ge8' WO,975; W a n e , deSolt,
Organization , Etc.—Formerly Evansville & Crawfordsville RR. Has
d o s e traffic oontract with Chicago & Eastern Illinois for route to Chicago.
F in dlay F o rt W a y n e Sc W e ste rn R a ilw a y .—Owns road in
Stock .— In May, 1895, $1,284,000 preferred non-cum. 5 p. c. non­ operation from junction with the “ Big F ou r” at Findlay, O., to Ft.
voting stock was issued for Evansv. & Rich, bonds per V. 60, p. 43, and Wayne, Ind., 82 miles. Uses Pennsylvania terminals in Ft. Wayne!
on June 30,1898, the entire issue of bonds had been so exchanged
H istory .—A reorganization in 1894 o f the Findlay Ft. W. & W R R '
See annual report for 1897-8.
foreclosure and extended to Ft. Wayne, 20 miles. Stock, $2.000 000
D ividends
>1881. ’ 84. ’ 85. ’86. ’ 87-’90. ’ 91. ’ 92. ’93. none par $100.
On common stk. 5 4 ^
5
3
4
5 y ’rly 7
71T 7*2t since.
B onds.—First mortgage is $1,200,000, at $15,000 per m ile: no in­
ITAlso 5 per cent in bonds. J Also scrip dividend; s*ee stock above.
terest paid to Oct., 1898. Mercantile Trust Co., N. Y., and Allen ZolOn preferred first dividend, declared in Sept., 1896, was 2 p. o., pay­ lars, Ft. Wayne, Ind., are trustees of both mortgages.
able 1 p. o. Oct. 15,1896 and 1 p. o. April 15,1897; Oct., ’97, none;
Earnings.—For year ending June 30,1898, gross, $79,699; net, $179 ’
Apr., ’ 98, none. A 4 p. c. dividend was declared in Sept., 1898, 2 p o. taxes, $10,288; no interest paid on bonds. In 1896-97, gross $78 561
payable Oct. 15,1898, and 2 p. c. April 15-, 1899.—V. 67, p. 578.
defioit under operating expenses, $5,557.—(Y. 60, p. 656.)
’
B onds, G uaranties , E tc.—Certain Evansville & Indianapolis bonds
are guaranteed. Car trust notes June 30,1898, $49,956.
‘ F itch b u rg R R .—Operates from Boston Mass, to Troy, N Y 190
general mortgage covers 182 miles of road owned miles, with branches as shown below:
and $3,500,000 of stock o f proprietary roads, having a mileage of 277
Lines owned—
Miles
Lines leased—
Miles.
miles. Of the authorized issue $3,855,000 are held intrust to retire the Boston to Fitchburg, Mass....... 50 Vermont & Mass. RR. —
prior bonds and car trusts at maturity, the mortgage providing that Greenfield, Mass., to Troy, N.Y. 84
Fitchburg to Greenfield Mass 56
the prior liens shall be paid and not extended. Floating debt June 30. Vermont to Rotterdam J o t.... 61 Other lines.................................
g
1898, none.
°
’ Worcester to Bellows Falls,
Vt , etc..................................... 90
General F inances.—An Important change in the directory took
Total system June 30, .1898.458
place in Oct., 1893, when D. J. Mackey resigned. In 1893 4,000 acres Various branohes........ ............ . 109 Double track........ ......................104
o f coal lands in Sullivan County, Ind., were bought. In July, 1897.
Stock—The State of Massachusetts owns $5,000,000 of the oommon
listed $127,000 general 5s, sold for equipment and old debts. The en
■dorsement o f the E. & T. H. on $325,000 Peoria, Dec. & Ev. notes was stock. The preferred stook is entitled to 4 per cent dividends then
oommon and preferred receive dividends share and share alike. In
erased in 1898. See annual report for 1897-98.
year 1892-93 the preferred stook was increased from $16.498 000
I ieo- 3} (la months), gross, $1,104,755 to $17,000,000, and in October, 1895, to $17,360,000.
In September, 1898. was sold $1,600,000 preferred stock, being a
$914^271 fn ’ l89^;^$8^47,siskin 18^)7. t0 ° Ct* 7 {9H months), gross,
portion of the $2,037,125 held in the treasury as an investment (and
A nnual R eport .—Fiscal year ends June 30. Annual meeting at included in the $17,360,000 issued) to pay off $750,000 5s, maturing
Evansville third Monday in October. Report for 1896-97 was given Maroh 1,1899, and $500,000, maturing June 1,1900.—V. 67 p. 633.
in V» bo, p< 775« .
D ividends .— > 1887 ’88 ’ 89 ’90 ’91 ’92 ’93 ’ 94 ’95 to July, ’98
Tear ending June 30—
1898.
On preferred. > 2
2
0
2 3*a 4
1897.
4
3 4 p. 0. yearly.
1896.
Total miles operated.............
167
167
167
B onds, E tc.—Vermont & Mass, guaranteed securities; see that com­
Gross earnings..........................$1,218,131
$1,003,430
$1,122,797 pany. The debenture bonds were described in Chronicle of June 1
Net earnings............................
483,443
447,622
480,354 1895. V. 60, p. 967. In Sept., 1897, $1,450,000 new bonds were issued
Other income...........................
32,309
17,191
15,104 to refund the Cheshire 6s, $550,000, due July 1,1898, taking up $500 000 note due April 5, and funding floating debt. On July 1,1898, all
Total net income.............. $515,752
$464,813
$495,458 the company’s notes payable had been discharged (V. 65, p 463 )
Interest on debt....................... $337,950
$332,950
$332,353 The $1,250,000 bonds maturing in 1899 and L900 were provided for
Taxes and miscellaneous.......
65,148
52,624
52,340 in O o t, 1898, by sale of $1,600,000 preferred stock, as said above.
Balance, surplus..................... $112,654
$79.239 $110,765
E arnings.—From Jan. 1 to Aug. 31 (8 months), gross, $4,640.107 in
e
’
’
Dividends on preferred in 1896-97 (2 p. c.), called for $25,680, leave 1898; $4,575,297 in J897.
in g bal., surplus, for year, $53,559. Officers —President, H. 6. BarA nnual R eport .—Fiscal year ends June 30. The annual report for
low, Evansville, Ind.; Chairman of Directors. W. H. Tilford. 26 Broad- 1897-98 was in V. 67, p. 686. In 1894-95 was included in net earnings
Way, N. Y.—(V. 65, p. I l l , 685, 7 7 5 ; V. 67, p. 30, 75, 578.)
tt and dividends paid $143,249 dividends on treasury stock; 1897 and
E v a n sv ille Terre H a u te Sc Chicago R y .—Owns from Otter 1896 figures do not include these dividends.
Creek Junction, Ind., to Danville, 111., 49 m.; leases Indiana Block Coal
Year ending June 30.
1898.
1897.
1896
1895.
Road, 13 miles. On April 30,1880, leased to the Chic. & East. 111. for Total miles operated.......
458
458
458
458
999 years; terms, $75,000 per annum and payment of all rentals and Total gross earnings.......$7,359,470 $7,155,768 $7,606,765 $7,237,724
taxes. Stock, $581,370, o f which $483,630 owned by Ch. & East IU
Net earnings....................... 2,002,867 1,916,790 l,894,89o 2,035,298
which guar. int. on 1st and 2d mortgages.
‘
” Rentals paid.......................
259,980
259,980
259,980 264,980
Interest on debt................. 1,027,088 1,009,049 1,001,310 1,014,084
F a ir m o n t W o rg a n sto w n Sc P ittsb u rg R R .—(See Map Balt. Other interest...................
7,550
14,462
878
7,391
<e Ohio.) Owns from Uniontown, Pa., to Fairmont, W. Ya. 57 Dividends...........................
605,022
603,754
595,096
681,867
miles; branoh, 1 mile. Controlled by B. & O., which owns the entire
capital stock of $3,000,000 and the funded debt of $3,000,000 Cur- Balance, surplus............. $103,227
$29,545
$37,631
$66,976
icn t liabilities, June 30,1896, $412,745.
—V. 67, p. 319. 3 6 8 , 633, 6 8 6




BONDS.
AND
STOCKS
RAILRO AD



6 2

IHTESTOKS’

Nu bscrl ber«

>nfer a great favo

RAILROADS.
---“ T
U C UK.
.O W U Ö
on first page o f tables.
Bonds,’ n o ? m o r t^ a | l^ 00. f rf 48; n0t moÄ
'
Bonds, not mortgage................ ................................
Bonds. $1,450,000’ auth. Sept.,’9 7 V
Constitution wharf note.
Troy & Boston lstm ort. (Y. 53, p. 405).......
_
& PeppereH plain bonds, guar.' '(end) I'
* rr«ir^
non-cum(for $6,500,000)
HoHy Wayne & Monroe 1st mortgage, assumed 'c
Flint & PereMarq tte mortgage 6s of 1920, gold c
Consoi. M (for $10,000,000) $20,000 p. m . g o*
P°rf'Huron & Northwestern—1st mortgage g‘ o
F. &P. M. IstM. PortH. Div. ($3,500,000) goid"e*
Toledo Div. IstM ., $400,000, g<id, I B
,g
«*
Pere Marq. Transportat’n fo., gold, p. &‘i ‘ ¿'uar
Florence < Crip. Creek—1 st M., $ l .OOOlOOO gold o*
e
Florida Central & Fen.—1st M. $5,226 p. m gold o*
2d M. (1st on ext., 92 miles) $5,226perm ’ fold e*
Consol. M., $7,800.000 ($10,000 p m U o l d G e South Bound 1st M., gold. lit . r e n t a l l f f e B a o *
Florida South.—1st M., $5,000,000, g „ g u a r.A B c*
Fonda Johnstown Cloversmile—lstM.,s f not dn o*
Cons. M. for $500,000 ($300,000res’d fo r IstM )c
Johnstown G. & Kingsboro 1st M., assumed
CayaduttaElec. lstM^.,gu.,p.&l.,by F. J.& G.RR.',g.
_ FG- refunding mortgage, $700,000, gold.c*
Fort Wayne < Jackson—Common stock........
&
„P ref-stock (8 p. c.), 5 ^ p. e. rental Lake'shore'."
Fori Worth & Denv. City—Vi. stk. “ stamp, ctfs.” 4 %
1st mortgage, gold, $18,000 per mile.
m

SUPPLEMENT.

[V ol. LXVII,

r by g iv in g Im m ediate notice o f a n y error discovered In these T a b les.
Bonds—Brine 1INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
pal When Due.
of
of
Par
Road. Bonds Value. Outstanding Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom
Dividend.
....
1890 $1,000
$500,000
4
J. A D.
Boston, office.
June 1, 1920
. . . . 1893
1,000
1.932.000
4-5 Seml-an
do
do
Various, 1903
1894
500.000
4 1 M. A N.
fl
do
do
May 1, 1914
1895-6
1.859.000
4
Seml-an
do
do
1915 & 1916
1897
2.750.000
4
M. & S.
do
do
Mch. 1, 1927
D 98
1.450.000
4
J. A J.
do
do
Jan. 1, 1928
1897
400.000
4
A. A O.
do
do
Apr. 20,1907
35 1874
1,000
577.000
7
J. A J.
do
do
July 1, 1924
. . . . 1891
100.000
5
J. & D.
do
do
___
Deo. 1, 1911
100
6.342.000
F. A A.
Sag., Mich., Treas.
65 1871
See text.
1,000
1,000,000
8
J. & J.
, Merchants’ N.Bk. Jan. 1, 1901
281 1880
1,000
3.999.000
A. & O.
, Mer. Ex. Nat. Bk. Oct. 1, 1920
395 1889
1,000
£ g2.100.000
5 g. M. A N.
do
do
216 1879
May 1, 1939
104.000
7
A. A O.
do
do
235 1889
Oct. 1, 1899
1,000
3.126.000
5 g.
A O.
do
do
19 1897
Apr. 1, 1939
1,000
400.000
A J.
5 g.
rn’l Tr.Co., Boston. July 1, 1937
1897
1,000
180.000
6 g.
A J.
, Mer. Ex. Nat. Bk. $20,000 y ’rly
" 40 1894
1,000,000
A J.
6 g.
., Mercant Tr. Co. Jan. 1, 1934
575 1888
1,000
3,000,000
A J.
\, Guar. Trust Co. July 1, 1918
5 8666 1890
1,000
415.000
& J.
do
do
780 1893
Jan. 1, 1930
1,000
« S4.372.000
& J.
do
do
136 1891
Jan. 1, 1943
1,000
K g.
2.033.000 Al 5 g‘
& o. Merc.Tr. A Dep.Co.Balt, Apr. 1, 1941
248 1895
1,000
4.241.000
g.
A J.
New York City.
10 1870 100 &0.
Jan. 1, 1945
300.000
7
A J. N.Y.,Imp.&Tra.Nat.Bk. July 1, 1900
26 1881 100 &c.
200.000
6
a o.
do
do
4 1893
Apr. 1, 1921
50,000
6
& J.
. . . . 1892
1913
1,000
350.000
6
a o.
New York.
Oct 1, 1922
1897
1,000
100.000
4*2 g.
A J.
New York.
___
’ 98
July 1, 1947
100
436,132
98
....
100
2,291,416
5ia M. & 8. N. Y., Farm. L. A Tr. Co.
100
2.555.000 2 in 1898 March. N. Y., State Trust Co. Sept. 1 ,’ 98,2%
455 1881
1,000
8.176.000 4 (6) g. J. A D. N. Y., Mercantile Tr. Mar.15,1898,2
Deo. 1, 1921

F i l m & F e re lT larqu efte M L .—(See Map.)—System includes • I
Monroe to Ludmgton. M ich....254 Palm to (^ in d ston eerc ^ ' An 357e.ClwhU e^ ar- 4> 18? 6’
n
E- Bi8hop, of Orland, Fla. (see V. 63, p.
(to7 j ^ h o nOW operate the road. Year ending June 30, 1897, gross
o
$3,316, def. under operat m g expenses, $1,730. (V. 63, p. 357, 458.) ’
- 0 ™ f r l S p?it fierttm B : ^ n <e Map H a n n a h Florida < Western.)
6
177
aaginaw, etc............. .— 141 | Spurs and sidings
P r a t t l ? atM
' ' to
145 miles: Bartow to
18QR tiiA
niiles, branches, 28; total, 248 miles, in January,
r J ^ ° „ r pany, alr °?v? 8 4 steamers valued at $4 <3,564, running from interest
La™ Eust‘ Ry - ^ miles, was purchased in the
Hjtdtaglxm and Manistee to Milwaukee, etc., and forming nart of a t ! ! o £ 0 tae 8ystem- The road8is now part o f the Plant system and
62°r>' 1 1 * 5 ^ 3 « S i PaH li0 tidewater, opened in January 1897.—See V antv i l t r ft?6 X q 1 t i , Painoipal and interest (endorsed—see guars
nw
o o iii
636, 819. The track from Port Huron to Grindstone flitv
o8
1?
the
92 miles, was changed to standard gauge in July, 1898._V. 67, p. 177! carrv inter««! a,t3i2 )’ cent Savannah Florida & Western. The bonds
Su rest
per
until Jan. 1,1900, and thereafter 4 per
S n s e s r«y i G l 96' 9T’ T O $309.670;’ deficiency under operatgf|
44a
AummtTs^ 8 0 ' ST C? « 8Q nil’ n l c,7 D reorganization after foreclosure expenses, $44,108, against $77,863 in 1895-96. (V. 63, p. 153.)
n
August 18,1880, In 1889 absorbed Port Huron & Northwestern, etc.
STOCK.—Common, $3,500,000; outstanding, $3,298,200; par S I00
& G loversvllle K K .-O w n s from Fo
.
D ividends
»86 ’87 ’88 ’ 89 »on »01
>00 »00
In Nov
5111®8 1(,ased lines, 25 miles; total, 51 m u e 8
1
Onpref. since’ 8 5 - 413 5 V 12
6 3^
H
2
since. in inov., 1893, leased Johnstown Gloversville & Kin°-sboro llo r s e p r
iS e ,^
r 99
a ?d gu a?a5
„
E tc.—The consolidated mortgage of 1939 is a first mortgage teemgln 0tri0) f°+ on 9 J’ears- assuming its first m ort SondsElectri o h r
8 per cent
its $50, 000 stock. The Cayadutta
rS 1 p i^ ir 68 o i S f * ? ,an<* branch line tracks. Trustee Central Trust (See Street R y . Supplement ) is leased till 1993 and itf bonds have
S
e r ™
? " o ? S
7,'°'' * 3' 600'000. » ' « < * $ ¿ 5 , 0 0 0 stock
- uarh «i^°nadaR
b
J'f& 2*’ Principal and interest. The
S J i , to-V“ 00,000, par, $100. Refunding mortgage for $700 00 0 of
which $100,000 were sold and balance held to retire prior bonds ’ in
rties interested in the New York Central entered the direct ory
on J m ? ' l 8 9 8 ^ 7 9 263h° ^ V m ’™ " * £ o f l8.to T,ole'1"' B m > PWaWe For year ending June 30,1898, gross. $256.653 ; net $ *5 031- ot/hei
*4,602; interest, taxes, etc., $102,940; balance, deficit $3 3 07
In 1396-7, gross, $246,810; net, $103,385.-V . 65, p. 26, 111. * '

Maiiu\0^ V ™ S : 1r 8 & a° d 116 8eC ea ° n Steel S » 2 *
”
L atest E arnings.—J anuary 1 to Aug. 31 (8 months):
J S T ^ .......... $1?923?376
1897.......................... 1,769,098

« 4S o84 J$428!819C sur $36“ 265
'
435,121
426,315
dS soe

WflVTbff

R R .- O w n s Jackson, Mich., to Fort
miles. On August 24, 1882, leased DernAtiia!lv tr%
Eahe Sh°re & Michigan Southern at a rental of $126,027, equal to 5 k»
per cent on the preferred stock (see V. 56, p. 812), and after 1887 anv
a® ®
t arain" 8 over 8 per cent on preferred stock to be paid as dividends
on common stock, but not exceeding 2 per cent a year.

F o r t W o r t h 4c D e n v e r C ity B v .—Owns Fort Worth T ay tn
i a w n f 145'?/JIl' Paahandle Ry. (Washburn to Panhandle City, Tex
’
18 miles, soldto Atoh.T. &S. F. in April, 1898. V 66 n air»
Ow-nn
1897Tf!4“
A 3 iiJ®3- $200,000 stock and $200,000 o f 5s of Ft. Worth & Dan.’ Terminal Ry.
prU <
T otalgr08s e am ings..$2,791," 7 $2,594,621 $2.505 705 S2 392332 aaa ° ^ ™ EtC' ~ P‘-Denv^r & Gulf owns a majority o f the $6,820..
■ ? " (common was formerly $9,375,000) common stock; par $100
S s S S s s t i f f
f e i
W
i p
In readjustment or 1896, $2,555.000 of old common stock was stamped
receive interest, if earned, at 4 per
- ( V . 64, p. 7 6 6 ; V. 65, p. 4 i ” V . 66, “ ¿ S i , U i o f v “ ? , “ k f 6; 916 preferred to Receiver discharged Nov. 1,1896. cent. See terms^V.
63, p. 1063.
D ividends .—On preferred 2 per cent on March 15,1898 (annual.)
Bonds.—Finanoes readjusted in 1896, the 1st 6s agreeing (1) to
reduce interest to 4 per cent for five years from Decdlnber T 1 aQ’t*
> & $ ? s s f f s s *y y
°°
year ends June 30
In 1806 7
r?W
J Fiscal (2) to take $312 stock for five overdue coupons and the 2 p c. deferted
The past-due coupons and 2 per cent due upon coupons for
$527,374; net, $281,796 : charges 1114 68s ’4 Uni In ^895^ ’ CTOS8* interest.
For six months endtog Dec 3 1 ^
$167,108. the next five years to be held m trust forthe protection of the stamped
preferred stock certificate holders in case of any accident, or failure of
F l o r e n c e R R . - I n 1898 merged in the Atlantic Coast L. Co o f S C the company to pay the interest as proposed. See plan V. 63 p 75
The stamped bonds” were described in V. 63, p. 1063 A b s t r a c t of
mortgage (Mercantile Trust Co., Trustee) V. 45, p. 440
* 01
S a v ^ ^ t o ^ ^
E arnings.—8 months, <1393 ........... Gross, $853,630; net, $274.728
o f which Columbia to Savannah 135 miles, is t o u th B o u ld R R mUe8;
Jan 1 to Aug.31.
(1897........... Gross, 711,550; net, 166,285
A nnual R ep o r t .—Report for 1897 was in V. 66, p. 758, showingYear end. Dec. 31— 1897.
1896.
1895.
1894
roa w in 1893; Inter its capital ¿toot
99
Gross earnings..........$1,319,830 $1,010,878 $1,086,702 $1,335.879
Stock .—Common stock is $20,000,000, par $100- ureter™,, i
Net over taxes ..........
414,146
201,858
209,778
287 478
Other income.............
14,520
8,864
9,382
2’ 938
From total net income, as above, in 1897 ($428,666), deduct interest
i entals, $10,000; dividend
to 1900, f e s s * ; n S
ifapabi«1, «TS.OO™
« “ / « “ rlr $51,100; balance, $35,776, from which deduct (2p. c.) paid Mar., ’98.
betterments, $14,411
President, G. M. Dodge, N. Y. (V. 64, p .l 1 3 6 ; V.66, pi 471 ,7 5 8 , 810.)
on South Bound bonds is undertaken
4
per cent per annum
F ort W o r th & R io G rande R y .- O w n s from Fort Worth. Tex
to Brownwood, about 146 miles; completed in August, 1891. Mortgage
trustee is Central Trust Co., New York. Stock outstanding, $3 108 loopar, $100; and loans and bills payable Dec. 31,1897, $214,129 ’
*
I nterest A djustment. - ^ May, 1897, 1st mortgage 5 per cent
„T^,N^i7
wLi l EPO? T ^ Fi^cal year ends June 30. Report for iso r -qt
bondholders agreed to accept 3 per cent interest from Jan. 1 1897 to
Jan. 1,1902, inclusive, and 4 per cent thereafter. Old coupons will
be held alive by trustee for benefit of bondholders. Of the $2 923 000
first 5s, holders of $2,860,000 agreed to reduction—see V. 64,’p. 888.
E arnings.—5 months, (1898.'.............Gross, $199,639; net, $67.580
Jan. I to May 31— ( 1 8 9 7 . . . . . .. ...G ross, 122,911; net, 13,480
W o r id f t G ftst C o a s t Ry»^*Owns from TooimoTiiniia p i.
,
For year 4897, gross, $422,836; net (over taxes), $139,424; interest
8t. Augustine, to Miami, 366 mUes ; branches to Palatka^Snn1
Tia on bonds, $87,195; rentals, etc., $29,191; bal., surp. for vear $23 034
andTocoi, 19 miles; Atlantic & Western BluASnriugi t e ^ e ^ a Mateo In 1896, gross, $336,610; net, $116,076.—(V. 65, p. 463.)
d»u<>4.
Fla., 28 m iles-tota l 413 miles A crasolidation T s I v e r a T S
'
1893 into the Jacksonville St. Augustine & Indian River and nlm e „ F r a n k fo rt & C in cin n a ti B R . —Road runs from Frankfo rt to
changed in 189o. Road is owned by Henry M. Flagler. Pm sW elt ^m Paris, Ky., 40 miles. A reorganization of the Kentucky Midlan d So
Broadway, New York. Oct. 30, 1898, stock, $1.000,000^16^sooh on In foreclosure Jan. 4,1897. Stock, $150,000; no bonds. Year e nding
g
bonds issued. For year 1896-97 gross earnings $803 942- net « i ’i « ° June 30, 1897, gross, $52,765; net, $679. V. 64, p. 82.
019, agst. $178,725 in 1895-96; charges $376,719/ <v’ 61,’p l i 2f470.’ j
.
F u lto n C ou n ty N a rro w G auge R y . —R >ad from Havana m
L F l o r i d a m i d l a n d K B . —Kissimmee to Longwood, Fla 44 mile« to Fairview, 111., 31 m iles; leases (for 30 p. c. of gross earnings) Fulton
Successor m Sept., 1896, to Florida Midland Ryf, which was sold in County Extension Ry., Fair view to Galesburg, 111., 30 miles Oanltai
stock of Fulton County Ry., $636,794; Extension Ry., $260 900




O c t o b e r , 1898.J

e a il b o a b

sto ck s

and

b o n d s ,,

W.11 confer a great fa v o r b~y g iv in g Im m ed ia te n o t D ^ a n y e r r o r d l . o ^ e
in tkeae T a b le «,
Bonds—Princi­
INTEREST OR DIVIDENDS.
pal,When Due.
RAILROADS.
_______________________ _________
Miles Date Size, or Amount
When Where Payable, and by Stocks—Last
Rate
of
Par Outstanding
Dividend.
Whom.
For explanation o f column headings, &o., see notes R« f ^
Per cent. Payable
Bonds Value.
on first page of tables.
Fort Worth d nenver Oity—(Concluded)
k
Equipment bonds (owned by Union Pacific Ky.)0
Ft. Worth < Rio Grande—1st M.,g.(int.not reduced)
£
1st M., gold, old 58, int. red -- -------- - - - ........ °
Frankfort dk Cincinnati—Stock, $200,000.~
Fulton Co. Narrow Gauge Ry.—1st M. (!r50ü*ü w ' - Extension 1st mortgage ($l.OM.OOO).
*•
Gainesville Jefferson dk So.—1st M. (3>lt>l,o00 end.).
2d M., gu. p. & i. (facts as to guar. end. on bonds),.
Walton Railroad, 1st mortgage.. . . . . - - - y " V “ *13
Galveston Harnsb. té S. Antonio—lstM .,galanagr.c
2d mortgage, Harrisb. and Houston to San Ant.c
West. Div. 1st M., g., SanA.toElPaso,636 m.&br.c^
2d mortgage (see remarks). . . . . - - - - - - ---- - - - -c
Galveston Houston dk Hend. o f 1882—1stM .,gu ar..c
Galv. La Parte d H ous.-R eceiver’s certs. (see text)
k
Gaiveston La P o r t e * H. mort., ^28,000 per m...
George's Creek dk Cumberland Ry. 1st M .. . . — ...
2d m ortgage.............................
Georgia d a Tabama—Common stock $15,000 p. m
k
Pref. stock, 6 per cent, non-cum., $10,000 p. m.
1st M.,pref.,$6,500 p.m .,g.,red.atl05 aft. 5 yrs.o
1st mórt., consol., $10,000,000,-gold (See text).c
Georgia * Alabama Term. Co., $1,000,000, guar.
Car trusts, July, ’ 98, inoL interest to maturity...
Georgia Carolina & Nor.—1st M. ,g., guarirle B a . c
Georgia Midl'd R v.—1st M., g., $1,050,000, int.gu.
Georgia Pacific—See Southern R ailw ay Compa
Georgia Railroad d Banking Co.—Stock.......... — ■
k
Bonds, refunding, not mortgage, cu rren cy...-.0
Bonds, not mortgage, currency....................... 0 " r
Bonds, not mortgage, ourrency.......................°
Bonds, not mortgage, currency........................

146
146

55
55
10

225
671
671
50

1889
1888
1888

$ 1,000
*

1,000
1,000

100
1881
1882
1881 500 * c
1,000
1883
1,000
1881
'71-’80 1,000
1,000
1880
1,000
1881
1,000
1881
1,000
1883
1879
1878

100

100

375
375

1895
1895
1898

1,000

268
98
rr.
307

1889
1896

1,000
1,000

1897
1880
1882
1887

1,000
1,000
1,000

1,000

5
$160,000
5 g.
43.000
2,880,000 3 to 4 g
150.000
7
171.000
7
313.000
7
245.000
7
75.000
6
40.000
6 g.
4.756.000
7
1 ,000,000
5 g.
13,418,000
6
6.354.000
5
2 ,000,000
6
245,280
See text.
536.000
65.000
3,842,500
2.650.000
2.483.000
5 g.
5 g.
2.632.000
(Î)

100

1.000

M. & S,
J. & J N.Y.. H.B.Hollins & Co
do
do
J. & J

Moh. 1, 1899
July 1, 1928
July 1, 1928

M. & N
J. & J
See text.
J. & J
See text.
J. & JIn default.
J. < J.
te
N.Y.,So.Pao.Co., &Bost.
F. & A.
do
do
J. & D.
M. & N. N.Y.,So.Pac.Co.,23 B’rd
J. & J.
A. * O. N. Y., Merc. Trust Co.

Nov. 1, 1910
July 1, 1912
1911
1908
1910
Feb. 1, 1910
June 1, 1905
May 1, 1931
July 1, 1931
Apr. 1, 1913

Oct. 1,
A. & O. N.Y A m .C oalC o.,lB ’y Feb. 1,
Balto., MarylandTr.Co.
do
do
A. & O. N. Y., C on fi Trust Co. Oct. 1,
Oct. 1,
do
do
J. & J.

New York.
5 g. J. & J. N.Y. .Brown Bro.& Balt.
3 g. A. & O, N.Y.. J. P. M organ* Co.
4.200.000 11 in ’98 Q.—J. Augusta; mail’d to N.Y,
J. & J. N. Y., Guaranty Tr. Co,
5
1 , 000,000
J. & J N.Y.,Am. Ex.Bk.&Aug,
6
1,000,000
do
do
J. & J
6
300.000
Office, Augusta, Ga.
Ij. & J
200.000
5
362,739
5.360.000
1.650.000

1909
1908
1945
1945

1898 to 1903
July 1, 1929
1946
Oct. 15,*98,231
Jan. 1, 1922
Jan. 1, 1910
Jan. 1, 1922
Jan. 1, 1922

indebtedness, redeemable at the
R1
s!
E arnings.—For year ending June 30, 1897, gross, $42,583; net, cates of months’ interest period; coupons of July, 1896,to°Juiy ai8 9» » ,
any six
to J uiy, j.»
$998, against deficit of $2,333 in 1895-96; charges, $37,019.
molusive, were paid in cash. (V. 63, p. 29.)
G ain esville Jefferson & Southern R R .—(N a rrow Gauge.»
G en e r a l F inances .— In June, 1898, in addition to amounts given
_Hoad from Gainesville to Social Circle, Ga., 52 miles; Belmont m table above, the company held in its treasury on
to Jefferson, 13 mil*-s. Stock is $242,687 com m on; $17,650 preferred; $806,000 consols., $1,090,000 pref’d and $1.767,500 common stock.
nar $50’ o f which the Georgia RR. owns $140,000 common and $8,000
EARNING8.-2 months, > 1898........... Gross, $196,507; net, $50,270
r e fe r r e d oTthe firsts. $161,500, and of the 2ds, $75,000, are endorse *
July 1 to Aug. 31. S1897,......... Gross, 164,071; net,
to
fly the Georgia R R., lessee. Interest on endorsed bonds paid regulariy
Advance statement for year ending June 30,1898, was in V. 67, p.
but no interest on unendorsed bonds since July 1, 1895. On Maroh4,
272 showing* gross,$ 1,226,387; net, |350.400; fixed charges and ren­
1897, Martin Dooly was appointed receiver. In Oct., 1898, case was
before Supreme Court of Georgia, but ’“ l ef i q
b*55 750 dnet tals $303 017* surplus, $47,446. In 1895-96, gross, $626,125; net,
$167,241. ’ In 1894-95 gross, $477,035. Pres., John Skelton Williams.
several months. For year ending June 30,1897, g«>ss, ^ A ^ ^ d
$ 16,334; interest, etc., $26,173; balance, deficit for year,$9,839 ad Richmond, Va.—(V. 66, p. 5 1 8 ; V. 67, p. 2 7 2 .7 8 8 .)
vanced b y Georgia RR, lessee.—V. 64, p. 516.
G e o r g ia C a r o lin a Sc N o r t h e r n R y . —Owns road Monroe, N. C.,
r;nlv(>«toii H a rrisb u rg Sc San A n to n io R y .—{«See Map South tn Atlanta (Inman Park), Ga., 266 miles; completed in April, 1892.
Pacific.)—Owns Houston, Tex., to San Antonio, Tex., ^17 ™.; San An­ Belongs to “ Seaboard” system, and bonds gaaraatecd (by inaorsemeut
tonio to Rio Gr. River, 636 m.; br’oh’s, 72 m.; leases 12 m., total, 937 m, on each bond) by lessees, Seaboard & Roanoke and R aletgh& G aston
Organization . Stock , Etc.—Operated by tfie Southern PactfloCom- RR Cos Mortgage abstract, V. 49 p. 239. Stook authorized $1,000,00 0 ; outstanding, $535,500 (par $100), mostly owned by the lessees.
p ^ ^ h i c h o w i s $27,038,900 of the $27,093,000 stock (par, $100).
EARNiNGS.-For year ending June 30, 1897, gross, $912,680; net,
B o n d s _First mortgage has a sinking fund of 1 per cent, but
it is optional w i f bondholders to surrender their
^aw n* $105,886. In 1898, Jan. 1 to July 31 (7 month9), gross, *$468,800,
In 1893 holders of Western Div. 2ds agreed to cancel claims for ac­ against $485,816 in 1897. In 1894-9o, gross, $787,247, net, $26,822.
G e o r g ia m i d la n d R y . —Owns road from Columbus to McDonough,
crued interest and that interest on these bonds should be paid
^
earned and should be non-oumulative; this agreement had not been Ga., 98 miles. Successor April 1.1896. of the Georgia Midlamd & Gulf
actually consummated to June 30,1897. Interest accruing o a these p r »old in. foreclosure F0b. 1. Leased from July 1 , 1896t for 99 y®
to the Sout horn Ry. for $49,500 annual rental (being interest on the
income bonds is not included in liabilities
On June 30.1897, there was due Southern Pacific Co., $1,030,^37 ana first mortgage bonds) and rental obligations on
the Texas & New Orleans RR.. $867,592. For status of old claims of m in a H o the amount of $2,500. CipRal stock is $1,000.000 owned
the school fund see V 64,p. 1137. Appeal hasbeen taken. V. 66, p. 471. by Southern Ry. Co. (V. 62, p. 1177.) Car trusts in 1896. $9.576.
E arnings .— In year 1895-6, gross, $164,305; net, $27,321. N. D. L an ­
E arnestgs.—2 months, > 1898,.......... Gross, $779,487; net, $1|5.662
July I to A u g . 31.
) 1897............ Gross, 768,525; net, 229,-,8& caster, Secretary, 10 Wall St., New Y ork.—(Y. 63, p. 361.)
G e o r g ia R a i l r o a d . —Under this name are operated the lines leased
Fiscal year now ends June 30. Y ear ,6^
«?, ™iii s 84U26 9 2 2 ’
*5 002 173: net. $1.248.224; interest, $1,121,302; surplus, $ 12b,922. from the Georgia RR. & Banking C o.-w h ich see Report « operations
for year ending June 30, 1897, was given in V. 66, p. 6 1 4 .
In 1896-7, gross, $4,824,018; net, $1,388,646. (V. 66, p. 471.)
G e o r g ia R a i l r o a d Sc R a n k i n g C o m p a n y .—Owns from
G alveston H o u s to n & H en d erson R R . o f 1 8 8 2 .—Owns
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
from Galveston. Texas, to Houston, Texas, 50 miles.
Organization .—The M. K. &T. and International & Great North, and Athens, 58 miles; Macon & Augusta
have used the road lointly since December. 1895, “ ^ ^ o ^ v e a r l v Ga., to Macon, Ga., 74 miles; trackage, 4 miles, total, 307 miles.
O r g a n iza tio n .—Owns also one-half the stock of the Western
providing for payment to mortgage trustee o f : $100.000 yeariy
to meet interest on G. H. & H. bonds and an additional rental of of Alabama (the Central of Georgia Railway owning the /^her half) *
$24,000 per annum for dividends or other purposes—see V. 61, p. and a 40 per cent interest in the Atlanta &West P o i n t i ? ? « ?
‘
1064; V .6 3 , p.697. M. K. & T. and International* Great Northern, Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,each own 4,999 shares of G. H. & H.
see V. 61, p. 1013. Stock- 000 first mortgage 4*9 per cents of Western Railway of Alabama.
$1,000,000; par, $100. For year ending Deo. 31, 1897, gross, m
In April, 1881, the railroad (307 miles) and its interest in the other
eluding $124,000 for trackage as above, $312,604, net, $160,197, In railroad companies were leased for 99 years t(J
associates, for the Central of Georgia and the Louisville & Nashville, at
terest, $100,000; balance, surplus, $60,197. (V. 65, p. 1114.)
G alv eston L a P o rte & H o u sto n R y .—Owns road from Hous$ H ?o?3 ia 8 92 ?th e banking*department was turned
ton, Texas, via La Porte, to Galveston 56 miles.
gia Railroad Bank,” a separate corporation, a majority [$198,200] o f
Receivership .—T. W. House and M. T. Jones, of Houston, Texas, whose stock is held by the Georgia RR. & Banking Co.
were appointed receivers in 1896. In J anuary, 1898,^ gfi^ }°o rtO (fo o
D iv id e n d s > ’ 81. *82. *83 to *87. *88. *89 to Oot., *98.
vending with C. P. Huntington for purchase of the road for $1,000,000
guaranteed 4 p. c. bonds. Year ending June 30,1897, gross earn- Since 1880, P. Ct. J 9 ^ 10H 10 yearly 10% 11 p. 0. yearly.
Com pa ny ’ s R epo rt .—In year ending March 31, 1897, rent^, etc.,
ings were $173.503; deficit under operating expenses. $32.379, rentals
and taxes, $9,738. Sold at Master’ s sale on Oot. 6.1898, to L. J. Smith was $600,000; dividend from bank, etc., $21,672; total, $621,672,
interest $148,000; dividends paid (11 per cent), $462,000.
for $425,000. V. 67, p. 73. 529. 736.
George’ s Creek Sc C u m berlan d R R .- O w n s road from junction
E arnings.- 3 0 7 miles, >1897-8...Gross, $1,616,147; net, $393,029
with W. va. Central Ry. at Cumberland, Md.. to New Detmold. mine at July l t o June]30.—1 2 mos. 51896-7...Gross, 1,590,659; net, 451,363
Lonaconing, Md., 21 miles; City Junction to junction with B. & O.
Railroad earns, for year ending June 30,1897, gross, $L590J359; net
RR., 1 mile; branches, 11 miles; total, 33 miles. Capital stook, $ LO00,- $451,363; dividends received, $107,800; rental to G a .R R .& B. Co.
000 Controlled by American Coal Co. and Maryland Coal Co. or Mary­ $600,000. In 1895-96, gross, $1,479,792; net, $431,120; dividends
land For 1896-97, gross, $513,870; net, $ 302,205; other income, received, $92,752; total income, $523,872. V. 66, p. 81.
$5,160; interest, taxes, etc., $40,952; dividend, $130,000; balance,
G e o r g ia S o u t h e r n Sc F l o r i d a R y . —(See Map o f Southern R y.)—
surplus, $136,453. President, James A. Milholland, Cumberland, Md.
G eorgia & A la b a m a R y .-fS e e i f a «.)—Operates the shortest Owns from Macon, Ga., oo Palatka« Fla.* 285 miles.
H istory .—A reorganization of the Georgia S. & F. Railroad, sold ln
line (by 74 miles) from Montgomery, Ala., to Savannah, Ga., etc., viz..
Leased—
Miles. foreclosure April 2 ,’95. (Per plan in V. 60, p. 928; seealsoY. 5 9 ,p. 551.
Road owned—
Miles
St o c k .—On June 30,1897, Southern Ry. owned $ 109,000 of each
&
Montgomery to Lyons............... 265 Lyons to Meldrim...................... 1T 8
of the three classes of stock. V. 63, p. 29.
Trackage—
Col.to Albany (since Jan. 1, 97). 88
D ividends .—A dividend o f 4 p. c. on 1st preferred was paid Nov. 1,
Abbeville to O dila................
31 Meldrim to Savannah............... 17
1896; in 1897, Nov., 5 p. c.; in 1898, Nov., 5 p. c. On 2d pref. in 1897,
Total operated June 1, *97.459 Nov., 2 p. o.; in 1898, Nov., 3 p. o.
Total „ „ „ ............................ ...... .
ow ned.........................384
In Oct., 1898, the Ga. & Ala. proposed to build its own line between
B onds.—Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
Meldrim & Savannah to replace trackage. V. 67, p. 788; V. 62, p. 4=ob. mortgage is for $4,000,000 and covers all of the property and franchises
and provides also that the $684,000 first preferred stoe.k authorized
Organization .—In August, 1895, succeeded to the property of the
Savannah Americus & Montgomery, sold in foreclosure
* shall constitute a l en upon the same second only to the bonds ana.
coupons. Unissued firsts are reserved for old claims for oar trusts and
and reorganized per plan in V. 61, p. 470; see also V. 62, p. 502.
In Oot.T 1898. the Ga. & Ala. Terminal Co. was being organized to for improvements. On June 30,1898, equipment notes, $35,101.
provide the railway with its own terminals at Savannah The te r­ L atest E arnings,- 3 mos., > 1898..........Gross, $238,073; net, $79.296
minal Co.’ s $300,000 stock will be owned and its bonds, $1,000,000,
July 1 to Sept. 30.
S1897......... Gross, 22o,463; net, 77,609
guaranteed. Y. 67, p. 788.
A nnual R eport .—Fiscal year ends June 30. Year 1897-8,
Securities .—First mortgage preference 5 per cent 50-year gold bonds $949,628; net, $295.574; interest on bonds, $177,900;¡ balance for
are for $4,000,000, and are not to exceed $6.500 per mile of mam line. div., $112,327. Report for 1896-7 was given in V. 65, P- 6L7, showing.
The first mortgage consolidated 5s are limited to $9,000 per mile o f Gross earns., $863.542; net, $272,834; interest on bonds, $179,87o.
road, with $6,500 additional per mile to be held by the trustee for sole
O fficers .—
purpose of retiring the first mortgage preference 5s after five years at Wm. ChechleyPresident, Samuel Spmcer, New York; Ben C. smitn
Shaw,
Treasurer,
105 and aoorued interest. Interest on the consols during the first five Macon' * _a___D r*Macon; Secretary and o5. P.
r.o.nlrfr»ri1. N. Y .—tv.
years of their life may be met by the issue of 6 per cent 10 year certifi­




INVESTORS’
SUPPLEMENT.




O ctober ,

1Ö
98.J

RAILROAD

STOCKS AND

BONDS

65

Subscribers w ill confer a great fa v or by g iv in g Im m ediate notice o f a n y error discovered In these T a b les.
Bonds—Princi
RAILROAD8.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Dividend.
Whom.
Cent. Payable
Georgia Southern <t Fla.—Com. stock, $1,000,000
$ ...... $1,000,000
1st pref., red. aft. June 1. 1905, $684,000, 5 p. c. Text
684,000 5 in 18*98 Nov. Balt. M.T.&D.Co.&N.Y. Nov. 1,’98, 5%
2d pref., $1,084,000, 5 per cent.......... ..................
1,084,000 3 in 1898 Nov.
Nov. 1,’98, 3%
do
do
1st mortgage, gold, $4,000,000............. ITIeBa.c
285 189*5
1,000
3,534,000
5 g- J. & J. Balt.M.T.&D.Co.& N.Y. July 1, 1945
Gettysburg Harrisb.—So. Mt. 1st M .) guar, by
....
1,000
100,000
6
A. & O. Phila., P. & R. office.
1898Gettysb’g & H. 1st M., old issue... >Phila & Rd.
188*2
1,000
250,000
6
A. & O.
do
do
1914
Con. M. $565,000, g .......................> RR.ioldco.)
*35 1891
1,000
215.000
5
Various
Oct. 1, 1926
do
do
Goshen < Deckert'n—1st & 2d M. ($60,000 are 2ds)
6
1888-9
246,500
6
1928-29
Gouvemeur < Oswegatchie—1st M., gold, gu. p.& I.c
6
13 1892
1,000
300.000
5 g. J. & D. N.Y.,Gr’d Cent.Station. June 1, 1942
Grand Rapids dt Indiana Ry.—Stock, $6,000,000.o’
100
5,723,700
1st M.,mostly 1. gr.,g., s. £ (mostly gu. Pa. RR.)e* 335 1869
1,000
928,000
fc
7 g. J. < J. N. Y., Winslow, L. & Co. Oct. 1, 1899
1st mort., extended, gold, guar, by Pa. RR.......c* 335 1891
1.000
4,447,000
4>gg. J. & J.
July 1, 1941
do
do
2d M., $5,000,000, g., 3 p.c. int. till Oct.2,1899.c*
1896
1,000
3,962,000 3 to 4 g. A. & O.
Oct. 1, 1936
Philadelphia, Pa.
Grand Rapids Kalkaska < S. E.—1st mortgage.... *32 1897'
&
200,000
5
A. & O.
Boston.
Oct. 1, 1907
Gt. N orth ern —Stock.................. .......................... .
....
....
100 c50,000,000 6*4 in ’98 Q.—F. N. Y. Office, 27 Pine St. Nov.1’98,1%%
St. PaulMinn. &Man.—Stock (rental 6 p. o. in gold)
100 20,000,000
6
Q .-F .
do
do
Nov. 1, ’98, lJg
St.P.M.&M.2d(now 1st M.)g. does not cov. l’ds)e* 624 187*9
1,000
8,000,000
6 g. A. & O. New York and London. Oct. 1, 1909
Dakota Extension 1st M., gold..........................o* 1,221 1880
1,000
5,676,000
6 g- M. & N. New York, 27 Pine St. Nov. 1, 1910
Consol. M., 1. gr. (now 1st M. on lands) gold___ 2,655 1883
1,000 13,344,000
6 g. J. & J.
do
do
July 1, 1933
Do
do
2,655 1883
1,000 22,250,000
4*2g. J. & J.
do
do
July 1, 1933
Montana Exten. IstM. ($25,000p. m.),gold.c*&r 420 1887 l,000&o a7,907,000
do
do
4 g. J. & D.
June 1, 1937
Pacific Extension M. for £6,000,000, gold. ,c*<fcr 819 1890 £100 &o £3,000,000
4 g. J. & J. N.Y.&Lon., Baring Bro- July 1, 1940
Minneap. Un.RR.lstM.,g.,gu.($650,000 are 5s).e*
1882 $1,000 $2,800,000 5 & 6 g. J. & J. New York, 27 Pine St. July 1, 1922
East of Minn. 1st M. ($50,000 p. m.), g.,gu..c*<fcr *72 1888 l,000&o
4,700,000
5 g- A. & O. N.Y.27Pine; Bos.,Lee,H Apr. 1, 1908
No. Division mort., $15,000,000, gold, guar___
72 1898
5,000,000
4 g. A. & O.
do
do
Apr. 1, 1948
Montana Cen. 1st M .,g.($6.000,000 are 6s)gu.c<fer 256 1887 l.OOO&c 9,300,000 5 & 6 g. J. & J. New York, 27 Pine St. July 1, 1937
Willmar & Sioux Falls 1st M., g.,gu.p.&i,(end)c**r 205 1888
1.000
3,646,000
J. & D.
do
do
.Tune 1, 1938
5 gMinneapolis Western 1st mort., gold, guar...... c*
... .
....
1,000
500,000
5 g. J. & J. N.Y.&Lon., BaringBros July 1. 1911
Duluth Superior & West, car trusts, assumed....
—
.. . .
234,990
To Feo.1,1906
........
a $11,502,000 additional pledged for Pacific Extension bonds of 1890.
c To be increased to $75,000,000 to retire $20,000,000 stock
o f St. P. Minn’lis & Man.
G ettysburg & H a rrisb u rg K B . —Carlisle to Gettysburg, Pa., 32 a single class with uniform rights and privileges.” They were also to
miles; branch to Round Top, Pa., 3 miles. The Reading Company owns vote to authorize the purchase of the $20.000,000 of guaranteed 6 per
$535,000 of the $600,000 capital stock and has deposited it as part cent stock of the 8t. Paul Minneapolis < Manitoba, on the basis of $125
fc
security for its general mortgage of 1896. Car trusts in!897, $18,000. Great Nor thern stock for each $100 Manitoba stock, with a view to
For year ending June 30, 1897,'gross, $98,932; net, $17,692, against consolidating the properties of the two companies. Thi9 will increase
$27,322 in 1895-96; other income, $1,314; total deductions, $34,862. the Great Northern stook to $75,000,000. Y. 67, p. 370, 788, 842.
L ands.—Land sales in April, 1897, had retired all the 1st mort. bonds
G osh en de D eckertoivn K y .—Goshen to Pine Island, N. Y., 11*2
miles. Leased to Erie RR. for 45 years from Jan. 1, 1872. Capital and were then applicable to consol mort. of 1883.
Sales for year ending June 30,1898, were 120,452 acres for $883,stock, $96,190 (par $10); dividends in 1895 6 were 4 p. c. Rental
(subject to abatement when bonds are refunded), $19,035 per annum. 145 and 344 town lots for $16,50-1. The net amount due on land con­
tracts June 30, 1898, was $1,605,626; lands unsold, 1,308,483 acres.
G o u v e m e u r & O sw egatchie K B . —Owns from Gouvemeur to
Minneapolis & St. Cloud graut was 476,864 acres; unsold July 1,
Edwards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Cent, 1898, 405,695 acres; sales in 1897-98 were 2,831 acres for $19,532.
—which guarantees the bonds. See Y. 55. p. 810 and V. 56, p. 501.
D ividends , >1890 1891 1892 to 1896 (inclusive), 1897 1898
4%
5 p. o. yearly (Q-F.)
5% below
G rand R a p id s & In d ia n a R y .—(See Map o f Pennsylvania RR.) Great No. pfd.% s 1
On Great Northern preferred in 18 J8, Feb., lig p. 0.; May. 1*2 p. 0.;
—Owns from Fort Wayne, Ind., to Mackinaw City, 367 miles Manistee
Branch, 19; other branches, 47 miles; total owned. 433 miles; operates Aug., Hg p. 0., Nov., 1;H p. 0. Also in 1898 the stockholders received 50
the following roads but has not assumed the old company’s leases per cent in Seattle & Montana stock, which they were allowed to ex­
thereof: Cincinnati Richmond & Fort Wayne RR., 86 m; Traverse City change for 40 p. 0. in Great Northern preferred. V. 66, p. 1044, 1188.
RR., 26 m.; Muskegon Grand Rapids < Indiana RR., 37 m.
fe
Bonds.—The collateral trust bonds for $15,000,000, secured by £3,fc
H istory .—Successor Aug. 1, 1896, of Grand Rapids & Indiana 000,000 Pacific Extension 4s of the St. Paul Minn. < Manitoba Ry. Co.,
Railroad, foreclosed under second mortgage per p lan in V. 63, p. 153. were redeemed Sept. 1, 1898. V. 66, p. 1044; V. 67, p. 796.
The St. Paul Min. & Man. consol, mort. of L883 is for $50.000,000, of
Stock .—Stock, $6,000,000, of which Penn RR. Co. owns $2,644,540. which bonds are reserved to pay prior liens. It-is a first lien on
B onds.—The first mortgage land grant bonds extended at 4*2 per the land grant and on 670 miles of railway in Minnesota and a
cent are endorsed with the guaranty of the Pennsylvania RR. Co. to second lien on the rethaining 1,873 miles in Minnesota and the Dako­
purchase the coupons as they mature, and the bond itself at ma­ tas, the prior liens on which average only $7,300 per mile. V. 64,
turity. They have no lien on land grant. See guaranty V. 56, p. 649. p. 518. Montana Extension mortgage Is for $25,000,000 for extensions
Second mortgage of 1896 is for $5,000,000, bearing interest from and for second track. A b s tr a c t V. 45, p. 342.
Oct. 1,1896, for one year at 2 p. c.; two years at 3 p. o. and thereafter
Pacific extension mortgage for £6,000,000 (trustee of mortgage Cen­
at 4 p. c. 2ds for $1,038,000 held in treasury Jan. 1, 1898 Mortgage tral Trust Company of New York), provides for bonds at £6,000 per
trustees: William N. Jaokson, of Indianapolis, and Commonwealth mile in Montana and £7,000 per mile west of Montana; £3,000,000
Title, Ins. & Trust Co„ of Phila. Real estate mortgages, $150,000.
of this issue, in addition to those given in the table abovp, are pledged to
L ands.—In 1897 sold 68,932 acres of land for $506,179. Lands un­ secure the Great Northern’s collateral trust bonds, but will b e released
upon payment of the latter, called for redemption on Sept. 1, 1898.
sold Jan. 1,1898, about 142,113 acres.
66, p.
p. 82.
earnings —585 miles,
) 1898....Gross, $1,799,513 ; net, $447,208 V.Eastern1044,1188.o f See abstract of mortgage, V. 52, northward 70
Minnesota runs from Hinckley
Jan. 1 to Aug. 31.
) 1 8 9 7....Gross, 1,621,561; net, 399,259 miles, to a Railway Duluth: the first mortgage covers road, equipment,
point near
R eport .—Report for 1897 was in V. 66, p. 757. In 1897 carried 1,- terminals and elevators. The Northern Div $15,000,000 mortgage
422,083 tons freight, of which 48 'p.c. was lumber, etc., and 11 p.c. coal. of 1898 provides for extension building from Fosston, Minn.,
Tear end'g Dee. 31.
1897.
1896.
1895.
1894.
to the head of lake navigation at Duluth, and also for future require­
Miles operated...........
430
433
436
436
ments, including the retirement of the $4,709,0 »01st 5s at maturity.—
Gross income............. $1,978,567 $1,899,444 $2,074,841 $1,900,401 V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
Net over exp’s & taxes
525,086
304,250
410,116
404,680 Chron. Dec. 12, 1891.) The Manitoba guarantees these issues, and
the Great Northern assumes the guaranty.
Interest charge for year 1898 about $380,000.—V. 66, p. 7 5 7 .
The Willmar < Sioux Falls bonds are endorsed
several
Great N orthern K y .—(See Map.)—Operates a low-grade trunkline, guaranty of the6 Manitoba and Great Northern with joint andFurther
companies.
extending from St. Paul, Minn., across the great wheat belt of the Red
additional road. Y. 56, p. 247.
River Valley and across the State of Montana, tapping its silver and issues may be made at $17,500 p. m. for for $1,000,000. V. 60, p. 835.
Minneapolis Western first mortgage is
oopper mining district, to the Pacific Coast at Spokane, Wash., Port­
G eneral Finances.—The preferred stock was increased Aug. 1,
land, Ore., Westminster, British Columbia, etc. From Duluth, the head
o f navigation on the Great Lakes, the steamers of the Northern Steam­ 1898, from $25,000,000 to $50,000,000—see above and V. 66, p. 1188.
As to new steamship lines to Japan, see Y. 63, p. 153, 189,402; Y.
ship Co. (whose $1,500,000 stock is owned) run east to Buffalo, N. Y.
59, p. 152, 191.
In year 1897-98 the Great Northern received
Lines leased and operatedEastern Ry. of Minnesota—
$500,000 (10 p. o.), in 1896-7, $600,000 (being 12 p. 0.) and in 1895-6, 8
St. Paul Minn. & Man. Ry.,
Hinckley to Duluth.............
72 per cent, in dividends on Eastern Ry. of Minn, stook. As to new East­
St. Paul to Lowell, Wash...1,790
New Duluth to Deer River. 100 ern Railway mortgage authorized in 1898, see above.
Branches in Minnesota, the
Montana C entralThe strength of the company is largely in its low grades and con­
Dakotas and Montana.......2,024
Great Falls to Butte, e tc ... 261
Trackage to Spokane, etc. . . .
10 Owned, unbonded—ooer. sep’t'ly— sequent large train loads (in 1897-98 averaging 316 tons).
E arnings.—Great North’n system (incl. St. P. M. & M., East, of Minn,
Seattle < Montana RR.—
&
) . _Q
Total operated directly ..3,824
Seattle to Westminster.......s Aoy and Montana Central) Jan. 1 to Sept. 30,1898, 9 months gross, $16.085,726, against $13,804,498 in 1897.
8 “ “ J
Stock owned—oper. separately—
Willmar & Sioux Falls—
Total road July, 1898
4,698
Annual R eport.—Fiscal year ends June 30. Annual meeting is held
Willmar to Yankton, S. D .. 205 2d and 3d track and sidings. 736 at St. Paul on. the second Thursday in September. Tne annual report
Duluth Watertown & Paoiflo—
East. Minn, exten., building. 130 for 1897-98 was published in fullin V. 67, p. 785,796. See also p. 821.
Watertown to Huron, Dak. 70 Spokane Falls & Northern... 213
(1.) OPERATIONS GREAT NORTHERN SYSTEM PROPER.
Minneapolis Union Ry., etc.. 6
In June, 1898, the East. Ry. of Minn, acquired Duluth Sup. & West.
Fear end. June 30.
1898.
1897.
1896.
RR., New Duluth to Deer River, Minn., 100 miles, which will be used Av. miles operated.........
4,466
4,415
4,374
toform part of extension of Gt. North, main line building in 1898 Gross earnings........................$22,577.544 $19,436,061 $19,642,563
between Fosston and Duluth, 230 miles. V. 67. p. 28, 796. The Spok­ Oper. expenses and taxes___ 11,555,645
11,304,520
10,863,545
ane Falls & Northern was acquired in 1898. Y. 67, p. 30,179, 797.
Stock , L eases, E tc.—This corporation in February, 1890, leased the Net earnings..............................$11,021,899
1,131,541
$8,749,018
5D18
St. Paul Minneapolis & Manitoba for 999 years, assuming its funded P. c. of exp. & taxes........ .......
58-16
55-39
debt and guaranteeing 6 p.c. per annum in gold on its $20,000,000 stock.
(2) GREAT NORTHERN RAILROAD INCOME ACCOUNT.
Great Northern issued its $20,000,000 preferred 6 p. c. non-cumulative
Tear ending June 30.
1898.
1897.
1896.
stock to Manitoba stockholders at 50, the remaining 50 p. c. being paid Net earns. St. P. M. & M an... $3,737,166
$6,318,445
$6,870,419
by a transfer of all the securities owned by the Manitoba Company, interest on bonds owned.......
69,418
95,823
56,195
amounting to over $22,000,000. The securities acquired by the Great Dividends on stocks owned... 1,259,357
1,000,548
403,631
Northern were put in trust to secure unity of system. (See V. 49, p. 435.) Profit on Treas. secur. sold .
419,844
In 1893 $5,000,000 preferred was sold to pay for equipment, ter­ Rentals of leased lines........ ..
164.416
187,256
220,254
minals, etc. In 1898 $25,000,000 new preferred, raising the total capi­ Interest and exch ange..........
164,359
73,557
tal stook to $50,000,000, was offered to stockholders, $15,000,000 of Bills receivable........................
15,919
50,176
15,838
this being sold at par to provide for retirement of $15,000,000 col. Other income.......................
388,151
148,530
74,887
tr. 4s of 1892, called for redemption Sept. 1, 1898, and $10,000,000
being exchanged for the $12,500,0 i0 stook of the Seattle & Montana
Total receipts....................$11,218,630
$7,675,562
$7,837,997
RR., which in June, 1898, was declared distributable as a 50 per cent Paid rental St. P. M. & Man. 5,396,863
5,383,016
5,380,729
dividend. V. 66, p. 1044, 1188; V. 67, p. 796.
Great Northern dividends___(5)1,500,000 (5)1,250,000 (5)1,250,000
In October, 1898, the stockholders were to vote on a proposition to Renewal, etc , funds............... 2,250,000
surrender the right to issue $20,000,000 common stock in addition to
the $50,000,000 preferred then outstanding, making all the stock ‘ ‘ of Balance............. .................... sr.$2,071,767 sr.$l,207,268 sr.$l,042,54




Russel
ijf vJL. Winni
■
L.Manitoba

Long Lake
REGINA

C No
A

Broadview
r ° "Av. î
^clxRapidCyA Portacela
^
' * grainier
W
INNJPÊ
I
^
# Morrisl/j i aj
. Melitó
—
/ ,s?

6«

GREAT NORTHERN
R A IL W A Y

SYSTEM.

________

INVESTORS’
SUPPLEMENT.
[V ol. LXVII




M A P OP THE!

October, 1898. J

.RAILROAD

STOCKS

AN D

«7

BONDS.

Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In these T a b le s.
Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
of
of
Par
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Green Bay & Western BR.—
Stock, dividends after 2M p. c. on Class A, d eb ...
Debentures, Class A, incomes, text, non-cum..c* . . . .
Class B, incomes, after stock, non-eum..........c*
Greene BR. (N. Y.)—Stock.................................
8
First mortgage.................................................
65
Gulf'Beaumont dt K.O.—1st M., $10,000 p.m., gold.c
62
Gulf dt Chicago—Stock................................................
Gulf dt Interstate By. o f Texas — mortgage, gold.
1st
75
Gulf dt Ship Island—1st M., $5,000,000, gold ffla,c
Hancock dt Calumet—Stock.........................................
22
Consol. M. ($400,000) gold, redeemable at 1 0 5 ...
Hannibal dt St. Joseph—Common............................... . . . .
Preferred.....................................................................
Consol, mortgage, now 1st mortgage................ c* 289
Funding notes..................... ....... ..............................
54
Harrisb. Portsm'th M l Joy dt Lane.—Stock,7 p. c.gu.
54
1st mortgage (ext’d in 1883), guar.p.&i.Pa. RR..r
Hartford dt Connecticut Western—Stock.................... 109
109
1st mortgage..............................................................
4M
Hibernia Mine BR.—Stock........................................
Hoosac Tunnel dtWilmington—Stock........................
1st mortgage, $250,000, gold......................... O B 24M
H<msatonic—See New Y ork New H aven & H aute ORD.
Hot Springs—Stock, $1,000,000, authorized...........
22
1st M., $500,000, g „ $23,000 cancelled by s. f .c*
Houst.Easl dt West Texas—Stock..................................
1st mortgage, gold U n ......................................o* 192
Housl. dt Tex. Cent. BB.—Common stock..................
75
State of Texas prior lien on first 75 miles...........
1st M.l.gr.,g.,red.llO,int.gu., $957,000 paid. .c*&r 453

1896
1896
1872
1893
1895
1897

$100
1,000
1,000
100
500
500
100

1892

100
100
1,000
100
100
1,000
10,000
50
500 &o.
100
1,000
100
100
1,000

1893

100
1,000

1893

1,000
100

1891
1881
1894
1853
1883
....

1870
1890

i,v>

6

$0,500,000
600,000
7,000,000
200,000
200.000
630,000
400.000
900.000
1,050,000
350,000
325,000
9,168,700
5,083,200
8,000,000
90,000
1,182,550
700,000
2,707,700
700,000
200,000
250.000
176.000
600,000
477,000
1.920.000
2.700.000
10,000,000
See text.
7,107,000

up to 5

N. Y., when earned.
dó
do

6
J. & D, D.L.&W.off.26Exch. PI.
do
do
-7
J. & D.
6 g. F. & A. Boston, 12 Pearl St.
Ripley, Miss.
3 M in ’97
5 g . J. & D.
New York.
5 g. J. & J.
New York City.
See text.
5 g- J. & J. N. Y., Nat. City Bank.
Boston Office.
See text. Dec’ber.
do
See text.
6
M. & S. N.Y.,Bk.ofNo.America.
6
7
J. & J. Phila., Company’s Office
4
do
do
J. & J.
Hartford.
2
F &A.31
do
5
J. & J.
See Central of N. J.
A. & O.
6
2 in 1897
5 g. M. & S. Bost.,01d Colony Tr.Co.

Feb.15,’98,2M
June,1898,3%
Deo. 1, 1902
Aug. 1, 1913
Apr. 9,’98,
Dec., 1925
1927
Sept. 1,’97, 5%
Jan. 1, 1931
Dec. 31,1895
June 30’97,3%
Mch. 1, 1911
Mar. 1, 1911
July,’ 98,3ia%
July 1, 1913
Aug., ’98, 1%
July 1, 1903
Oct., ’98, 3%
Dec.31,’97,2%
Sept. 1, 1922

9
Mch, ’95
(1)
5 g. J. & J. Mer. L. & Tr. Co., Chic. July 1, 1943
5 g- M. & N. New York, Blair & Co. May 1, 1933
Annually.
Houston, Texas.
6
5 g- J. à J. N. Y., Central Trust Co. July 1, 1937

total operated, 297 m iles; of this 8 miles leased and operated join tly
(3) OPERATIONS OF W H OLE SYSTEM.
Year end. June 30,’98. Gross.
Net.
Oth. inc. Tot.net inc. with other companies. Owns bridge at Kansas City.
stock .—Chic. Burl. & Quinoy owns $14,251,700 stock. Preferred en*
t. Paul M. & M. R y.$17,639,770 $8,737,166 $1,356,465 $10,093,631
Eastern Ry. of Minn.
2,018,031
865,377
121,081
986,458 titled to 7 p. c. non-oumulative; then common to 7; then both share.
Montana Central R y.
2,126,342
944,075
11,990
956.066
Dividends .—} ’90.
’ 91. ’92.
’93.
’94.
’95.
’96.
’ 97*
Will. & SiouxFallsRy.
740,160
459,808
694
460,502 Common, p. c.. > 0
0
0-7
2-3
2-2
7
0
0
Dul. Water. & P ac.R y
53,239
15,470
124
15,594 Preferred, p. c. Sabt. 2 6-82 7
7
7
7
6-54
3
See description o f mortgage lien in October, 1896, Supplement , p. 2
Tot. Ry. sys. proper$22,577,544 $11,021,897 $1,490,356 $12,512,253
E arnings.—For year ending June 30,1898, gross, $2,949,159; net,
Minneapolis Union....
227,420
182,313
19
182,332
Minneapolis Western*
66,489
37,545
8,643
46,189 $932,360; other income, $10,636; interest, etc., $495,013; dividends,
Duluth Terminal.......
36,164
13,500
13,500 $447,983; balance, surplus for year, $5,070. In previous (oa lendarj
SS., coal & expr’ s cos 2,113,576 ■ 296,926
*
24,696
321,621 years surplus for dividends has been - In 1896, $332,887; in 1895,
$507,552 ; In 1894, $592,558.
H arrisb u rg P o rtsm o u th Hit. J o y Sc Lancaster B B . —Owns
Tot. for the system.$25,021,193 $11,552,181 $1,523,714 $13,075,895
from Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch, Middletown,
From this last result ($13,075,s 95) are payable the total interest Pa., to Columbia, Pa., 18 miles; total operated, 54 miles. Leased to the
charge of all the companies, $5,310,663, and the guaranteed dividends Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental
on St. Paul Minneapolis & Manitoba stock, $1,200,000, a total of being 7 per cent on the stock and interest on the bonds, taxes and ex­
$6,510,663, leaving a balance of $6,565,232, from which, have been penses of organization. Stock, $1,182,550; par $50.
paid dividends aggregating $1,500.000 on the stock of the Great
H artfo rd Sc C onnecticut W e ste rn B y .—Owns from Hartford
Northern Ry. Co., and $2,250,000 was set aside for renewal funds.—
Conn., to Rhineeliff, N. Y., 109 miles. Leased till August, 1940, to the
Y . 67, p. 274, 370, 7 8 5 , 788, 7 9 6 , 821, 842.)
Philadelphia Reading & New England, the rental paying charges and
G reen B ay Sc W estern B y .—Road owned from Green Bay, Wis.,
to Marshland,Wis., 209 miles; branches, 13 m.; trackage to Winona, 4 m. 2 per cent per annum on the stock. There are $20,500 Conn. West. RR.
7 per cent bonds due 1900. Of the stock $l,390,000is owned by lessee.
H istory .—A reorganization June 5,1896 (per plan in V. 61, p. 471)
H ib e rn ia M in e B B . —Owns from Rockaway, N. J., to Hibernia
o f the Green Bay Winona & St. Paul, sold in foreclosure May 12,1896
S ecurities . —
There are no fixed charges on the property other than Mines, N. J., 4M m. Leased to Cent, of N. J. in 1890 for $12,000 per an.
H o o sa c T u n n e l Sc W ilm in g to n B B . —N arrow G auge .—
taxes, nor can any be placed thereon, or the property be sold or leased
without consent of 75 per cent of stock. Class A debentures are en­ Owns road from Hoosac 'funnel, Mass., to Wilmington, Vt., 24*3 miles.
titled to 21 per cent interest, if earned, then common stock to 2*3 p.c., Bills payable June 30, 1898, $77,6H1. Bonds in treasury, $74,000.
a
then the two share ratably; but after 5 per cent has been paid on both, Earnings for year 1897-98, gross, $54,569; net, $21,185; charges,
class B bonds are entitled to all surplus earnings. See V. 61, p. 471. $14,066; dividends (2 p. c.), $5,000. In 1894-95 dividends, 1 p. o.; in
Dividend of 2*2 p. c. was paid on class A Feb. 15,1898, “ out of the 1896, Deo., 1 p. c.; in 1897, Deo. 31, 2 p. o.
net earnings for the year 189 7.” (V. 66, p. 288.)
H o t Springs B B . —Road from Malvern to Hot Springs, Ark., 22
Earns .—Passenger. Freight.
Gross.
Net. Charges. Bal.,sur. miles, opened m 1875. Mortgage trustee, Merchants’ L. & T. Co.,
1896-7...... $104,883 $311,689 $419,759 $77,945 $72,146 $5,799 Chicago. Year ending Dec. 31, 1897, gross, $140,055; net, $33,672 ;
1895-6...... 98,488
299,328 401,626
95,694
......................... interest, $24,050; bal., sur., $33,673. In 1894 gross, $182,445.
H o u sto n Past Sc W e st T ex a s B y .—Owns from Houston, Texas,
D irectors .—S. S. Palmer,Pres.; MarkT. Cox,Sec. andTreas., 40 Wall
Street, N.Y.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt. (V.66, p. 288) to Sabine River at Logansport, 192 miles, where it connects with the
Greene B B . —Owns road from Chenango Forks to Greene, N. Y., Houston & Shreveport RR., Logansport to Shreveport, 40 miles, form ­
8 miles. Leased to Delaware Lack. W. for term of charter for 6 per cent ing a direct line from Houston, Tex., to Shreveport, La., 232 miles.
B onds, Etc.—Reorganized in August, 1896, without foreclos­
on stock and interest on bonds. Capital stock, $200,000; par, $10.
authorized issue
G u lf B e a u m o n t Sc K a n sa s City B y .—Beaumont, Tex., to Kir- ure. Bonds reduced from $3,840,000 to $2,112,000; for betterments,
limited to $3,000,000; $888,000 bonds were reserved
byville, Tex., and branches, 65 miles. In Aug., 1898, contract reported improvements and expenses of the reorganization.
to be let for an extension from Silsbee, Tex., north 10 miles. Capital
Latest E arnings.—Nine months ending March 31;
stock $500,000; par $100. Second mortgage bonds for $650,000 issued,
9 months— Gross.
Net.
Taxes,etc. Interest.
Bal.,sur.,
but not outstanding; loans and bills payable June 30, 1898, were
$173,235
$12,365
$92,280
$68,590
$181,567. Car trust notes $8,364. E arnings.—Year ending June 30, 1897-8........... $523,161
106,939
11,275
79,848
15,816
1898, gross, $155,188; net, $76,526; interest, etc., $42,770; Gen­ 1896-7 ........ 445,567
eral Office, 12 Pearl St., Boston. In New York see J. C. Cjiew, fiscal
R eport in Y. 65, p. 822. For year 1896-97, gross, $571,150; net,
agent, 68 Broad St. V. 63, p. 880. See statement following.
$136,833; taxes, $15,637; balance for interest, $121,196. Annual
G u lf B e a u m o n t & Great N ortliern.—Organized in Texas in interest charge, $105,600. In 1895-6, gross, $518,489; net, $134,137;
1898 with a capital stock of $600,000, to take over the Gulf Beau­ taxes, $15,139. Fiscal agent, Blair & Co., N. Y. (V. 65, p. 1140.)
mont & Kansas City, and to make further extensions. Projected from
H o u sto n Sc T ex a s Central Railroad.—(See Map o f Southern
Sabine Pass, on the Gulf o f Mexico, north, about 300 miles, to a con­ Pacific)—Owns from Houston, Texas, to Denison, Texas, 338 m iles;
nection at Paris with the St. Louis & San Francisco RR. Also pro­ Hempstead, Tex., to Austin, Texas, 114 miles; Bremond to Ross, Tex.,
jected from Jasper, northwest, about 250 m to Fort Worth.
54 miles (former Waco & Northwestern acquired in July, 1898); tota.
G u lf Sc In ter-S tate B a llw a y o f T e x a s.—Port Bolivar, on owned, 453 miles. Also operates Fort Worth & New Orl. Ry., Garrett
Galveston Bay, to Beaumont, Texas. Transfer to Galveston is made Ft.Worth, 40 m,; Cent.Tex. & N.W., 12 m.; Austin & N.W., 107; other,4 m
by boat. Prelected to Red River, Texas. 380 miles, with branch,
H istory .—Successor April 11, 1893, to a railway company fore­
Winnie to Beaumont, 25 m iles; total 405 miles. Bonds, 1st 30-year closed Sept. 8,1888. Reorganization plan V. 45, p. 792, 820. Con­
gold 5s, Improvement & Loan Co. of Galveston, trustee; amount out­ solidation with Texas Central tias been proposed. Waco < Northwest­
fe
standing June 30,1898, understood to be $900,000. ■Capital stock as ern was acquired in July, 1898, for $1,529,000, but what securities
reduced by exchange for bonds in 1898 to $71,000. Y. 67, p. 28.
will be issued therefor not determined.
G u lf Sc Ship Is la n d B B . —Road runs from the Gulf at Gulf Port
B onds.—The bonds are being gradually reduced with proceeds o f
to Hattiesburg, Miss., 71 m iles; branch to Handsboro, 4 miles; land sales. The first mortgage was for $8,634,000, of which $570,000
total 75 m iles; rails, 60 lb. on 51 miles and 56 lb. on 20 miles; reserved against claim of State of Texas upon 75 miles of the road.
Organized in 1882 and 20 miles were built about 1888; 55 miles
The Southern Pacific Company guarantees interest on all the bonds
were built in 1895-96.
Capital stock, $1,400,000. Receiver dis­ and both principal and int. of debentures of 1897. The first mortgage
charged in Sept., 1896, and road to be completed by the Bradford Con­ bonds and the consolidated mortgage bonds may be called for redemp­
struction Co.—V. 63, p. 559. Land grant about 150,000 acres. Trustee tion at 110 with proceeds of land sales. See full abstracts of all the
o f mortgage is Manhattan Trust Co., N. Y. President, J. T. Jones; mortgages in V. 52, p. 242. Of the $5,068,000 consolidated 6s authorized
Treasurer, W. W. B ell; Main office, Gulfport, Miss. For year ending $1,149,000 (not included in the amount outstanding above) are held as
June 30,1898, gross, $158,298; net, $71,575; income from land sales, part security for the general 4s. The debentures for $1,116,420 (6s
etc., $250,772; charges, $63,368; balance, surplus, $258,979. On and 4s) fell due Oct. 1,1897, and $600,000 were extended at 5 p.c. until
June 30,189;!, car trusts were $48,162.—V. 63, p. 357, 559.
1902.—V. 65, p. 412, 463.
v
As to school fund claim for $673,100, see Y. 64, p. 1137 ; Y. 66, p.
H a n c o c k Sc C alum et B B . —Owns narrow-gauge road Hancock
to Fulton, Mich., 24 miles; branches, 7 m iles; total, 31 miles. 471. Appeal taken to U. S. Supreme Court.
Stock, $350,000; par $100—$250,000 owned by Mineral Range RR.
L ands.—The lands June 30,1897, consisted for first mortgage o f
D ividends .—In 1893, 5 p. c.; in 1894, 2*3 p. o.; in 1,895, Feb., 2M p. o. 2,210,144 acres; consol, mortgage, 1,465,958 a cres; gen ral mort­
June, 5 p. o.; in 1896, Feb., 5 p. c.; Aug., 5 p. c.; in 1897, Sept., 5 p. c. gage, 12,996 acres. Deferred payments were: For 1st mort., $194,288;
In year 1897-98, gross, $185,250; net, including other income, $32 . consol, mortgage, $160,998; general mort., $1.158. V. 65, p. 869
4 75; interest, etc., $21,943; dividends, $17,500; bal., surp., $6,968.| ’
L atest E arnings—1 mo., 51898..........Gross, $213,485; net, $54.727
July 1 to July 31.
¿1897.........Gross, 208,922; net, 36,953
H a n n ib a l Sc St. Joseph B B . —Owns Hannibal, Mo., to St. Jos •
eph, Mo., 206 m iles; branches—Cameron to Kansas City, 54 miles; St’ Fiscal year changed in 1897 to end June 30. Report for year ending
Joseph to Atchison, Kan.,22 miles; Palmyra to Quincy, 111.,etc.,15 miles’ June 30,1897, was given in V. 65, p. 866. In 1897 8, gross,$3,164,530.

t




68

INVESTORS’

SUPPLEMENT.

[ Y o l , LXVII.

Subscribers w ill confer a great favor by g iv in g im m e d ia te notice o f any error discovered in these T a b les.
Bonds~Princi INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal.WhenDue.
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Whom.
Road. Bonds Value.
Dividends.
on first page o f tables.
Cent. Payable
Houston < Texas Central RR —(Concluded.)—
&
Con.M.,l.g.,g.,red.at 110.int.gu. ,$464,000 pd.o*&r
Gen. M.,gold,int.guar.,end.,$8,000 paid-M pc'Ar
Deben., p. and i. gu. So. Pac., end., currency.c*&r
New bonds for Waco & N. W.......................... .......
Hud. Highland Bdg. Railway.—Stock ..................
Huntingdon < Broad Toy—Common stock...............
£
Preferred stock, 7 per cent, non-oumulative........
1st mort., extended in 1890 (int. only in gold )...
2d mort., old 7s, extended in 1895, p & i., gold).
3d mortgage, consol., ext. in gold in 1895........ o*
Con. car tr., $680,000issued; $68,000 due Oct. 1.
Hutchinson < Southern—Stock ($20,000 per mile)
6
1st M.,g.($5,000 p m.) red.at 105 aft.1907.OB c*
I llin o is C entral—Stock............................................
Leased line 4 per cent stock, guar, (see remarks.)
1st mort, of I Sterling bds. old 6s ext. in 18951
1 8 7 4 f o r Steri, o f ’03, £10,000 dr’nyrl.o* |
Sterling bonds, due 1905..........I
$15,000,000-! 4s of 1886,due 1951, gold ....c* f
secures all
3*28 of 1886, due 1951, gold..c*
equally.......
3s of 1895, due 1951, gold.c*«fer J
Trust bonds steri, (secured by Ch. St.L.<&N.O.cons.)
1st M.,Sp.Div. ref. m., (V.66, p. 1237) g.IJs.xo*&r
1st M., Middle Div.,Otto to Norman June. & brs.r
Collateral trust bonds, gold, $..........................c*&r
Cairo Bridge bonds, gold (see remarks)........ c*<fer
Col.trast. $25,000,000, gold, on L. N. O. «&T..c*<fcr
Western lines, 1st M., gold (see text)............. e*&r

453
453

63
63
63
63
63
130

111
131
857
798
218

1890
1890
1897
1898

$1,000
1,000
1,000

$3,455,000
6 g- A. & O. N.Y., Central Trust Co.
do
do
4,297,000
4 g- A. & O.
do
do
600,000
A. < O.
fe
5
(?)
100
84,900
50
Phil. Of. ,4th«feWalnutSt.
1,371,750 1 in 1897
50
do
do
2,000,000 5 in 1898 Semi-an
1854
500
do
do
416,000
4 g. A. & O.
500
1857
367,500
fe
do
do
4 g. F. < A.
1,000
1865
do
do
1,497,000
5 g. A. & O.
1,000
1896
612,000
5
A. & O Phila. .Merchants’Trust
100
2,600,000
1,000
1898
645,000
5 g. J. & J. Old Col. Tr. Co., Boston
100 52,500,000
fc
M. & 8. N. Y., 214 B’wav < Lon.
100 10,000,000
&
4
J. & J. N. Y., 214 B’way < Lon.
£200
London.
1875
2,500,000
4 g. A. & O.
1874
£200
3,350,000
5 g. A. & O. London,Morton,R.& Co.
£200
1875
do
do
1.000,000
fe
5 g- J. < D.
1,000
1886
1,500,000
4 g- J. & J. New York, 214 B’dway.
1,000
1886
do
do
2,499,000
3*2 g. J. & J.
£200
London.
1895
£500,000
3 g. M. & S.
£200 $5,266,000
1886
fe
3*2 g. J. < J. London, Baring Bros.
1,000
1897
1,995,000
3*2g. J. & J. New York, 214 B’dway.
1,000
1881
do
do
968,000
F. & A.
5
1888 500 &c. 15,000,000
do
do
fc
4 g- A. < O.
1,000
1890
do
do
3,000.000
J. & D.
4 g1892 50Ó &c. 25,000,000
do
do
4 g- M. & N.
1,000
1894
do
do
5,425,000
4 g- F. «fe A.

net, $1,036,976; other income, $2,454; interest, $792,264; taxes, $69
546; betterments, $108,656; miscell., $22,735; bal.,su r.,for year, $46,'
229. In 1896-97, gross, $3,206,572; net, $1,032,432.—(V. 67,p. 76,177.,
H u d so n H ig h la n d B rid g e Sc R a il w a v .—Successor in
March, 1896, to the Hudson Suspension Bridge & New England Ry.,
which was chartered in 1868 to construct a suspension bridge over the
Hudson River near Peekskill, N. Y., with connecting railways east and
west across Westchester and Orange Counties. Capital stock. $84,900,
with right to increase. No bonds issued to October, 1898. Y. 62, p. 457.
H u n tin g d o n Sc B r o a d T o p M t. R R . Sc C oal C o.—Owns from
Huntingdon, Pa., to mount Dallas, Pa., 45 miles; branches, 18 miles.
D ividends ........ 88. ’ 89. ’90. ’ 91. ’ 92. ’93. ’94. ’95. ’96. ’ 97. 1898.
On common
0
0 0
2 4
5
5 4*2 4
1
___
On preferred...
5
5 5*2 7 7 7 7 7
7 6
5
A nnual R eport .—R eport for 1897 was given in Y. 66, p. 331.
Cross.
Net.
Interest. Dividends.
Balance
1897.............. $509,540 $244,025 $106,655 $134,020 sur. $3,350
1896.............. 583,362
299,212
106,190
181,151 sur. 11,871
352,021
110,650
200,872 sur. 40,499
1 8 9 5 ............. 648,004
—(V. 64, p. 3 2b; V. 65, p. 1L1; Y. 66, p. 288, 3 3 1 .)
H u tc h in s o n Sc Sou th ern R y .—From Hutchinson, Kan., to Med
ford, O.T., 104 miles. Extensions to Blackwell, 25 miles, operated
from March 1,1898, and 15 miles additional under construction. The
line is also projected to Denison, Tev., a distance of 200 miles,
Successor in Jan., 1898, to Hutchinson & Southern RR. foreolösed.
Application for a receiver was denied in July, 1898. V. 67, p. 274,371
B onds.—The 1st mort. 5s subject to call after 10 years (Old Col. Tr.
Co., Boston, mortgage trustee), to be issued at not exceeding $5,000
per mile of completéd road up to 150 miles.
E arnings.—For 8 mos. ending Mar. 1,1898, old Co. earned on 104
miles, gross, $94,754; net, $37.903; from Mar, 1 to July 1,1898, new
Co., on 129 miles, gross, $58,004; net, $32,614. Directors.—
W. A.
Bradford, Jr., President; W .M.Whitelaw, J. A. S. Graves,R. N. Allen,
L. E. Walker, E. B. Sherman. (V. 61, p. 184; V. 65, p. 1220; V. 66, p.
82, 183, 236); V. 67, p. 274, 371.
Illin o is Central R R .—(See Mop.)—R oad .—Operates from Chicago,
111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City, la., 509 miles, with numerous branches. Its road, clearly shown
on the accompanying map, is made up as follow s: (IIwhich see.)
Road owned in fee.
Miles.
Entire stock owned.
Miles
Chioago to Cairo, 111.. Main ? 815 Branches............................. 815
Centralia, 111., to East i stem, i
Leased.—Control owned.
Dubuque, l a ........... ,
341 Dubuque & Sioux City IT 600
..
Leased, entire slock owned.
St, Louis Alton & Terre H.U. 239
Chicago St. L. & N. O. RR.
Leased.
Cairo, 111., to New Orleans. 547 Louisv. Br. from L. & N ___
46
Line to Louisville, etc.. . . ) 396 Chicago & Texas (Sept.’97....
80
(C. O. & S, W. & br’ches).. (
Evansv. Line (Ohio Val. RR. 139
Total system June 30, ’ 98..4,615
Mem., Ten., to Grenada.Miss. 100
Of which earns, kept separate—
Yazoo & Mississippi Val. RR.
Yazoo < Miss. Vail. R R ... 947
fc
^Memphis toN . O. and brs. 947
Total inoluded in earns.
July 1, 1898...............3,668
N ote .—On June 30,1898, the company reported 3,808 miles inoluded
in warnings, contrasting with 3.130 miles in June, 1897. The increase
of 678 miles consisted of the Chesapeake Ohio < S. W., 396 miles and
fc
branches 60 miles (Louisville Div.) taken over in July, 1897, the Ohio
Valley RR., 139 miles, Aug.. 1897; the Chicago < Texas, 82 m iles. in
fe
October, 1897. The Illinois Central earnings have never included the
results on 807 miles of the Yazoo & Mississippi Valley Ry. (these being
reported separately), and on July 1,1898,the 140 miles also whichhad
been included, were surrendered, reducing the mileage included in
the earnings of the Illinois Central to 3,668 miles. See V. 67, p. 581.
H istory , L eases, «fee.—Chartered in December, 1850. The company
pays to the State of Illinois 7 per cent (in 1896, $1,051,358) of gross
of the 706 miles owned in fee yearly in lieu of taxes. The Chicago St. L.
&N. O. is leased for 400 years from July 1,1882, a t4p ercentper annum
on its $10,000,000 stock deposited to seoure the leased line stock.
In 1892 praotically all the stock and bonds of the Louisv. New Orleans
& Texas were acquired, and the company merged in the Yazoo <
fc
Mississippi Valley. A lease of the St. Louis Alton & Terre Haute sys­
tem was taken in April, 1896. V. 62, p. 636, 684. In May, 1897, the
Chesapeake Ohio & Southwestern and allied lines were merged in
the Chicago St. Louis & New Orleans, forming the Louisville Division
o f that company.
The Canton Aberdeen & Nashville was incorporated in Sept., 1898,
as an extension from West Point, Miss., to coal lands near Winfield,
Ala., on the Kansas City Mem. & Gulf, 65 miles, all under construction.
The road is to be extended later to Decatur, Ala., and Nashville. Tenn
V. 67, p 320, 578.
Capital Stock .—The leased line stock is secured by deposit of
$10,000,000 Chioago St. L >uis & New Orleans stock, and in case of
default for sixty days in the payment of any semi-annual dividend of 2
per cent, the stockholder is entitled to his share of the stock pledged.
Authorized capital stock increased from $50.000,000 to $60,000,000
in November, 1895; $52,500,000 listed to June, 18u8. V. 66, p. 1040.




Oct. 1, 1912
Apr. 1,1921
Oct. 1, 1902
Feb. 8 ,’97,1%
Ag.1,’98, 2*2%
Sept. 30,1920
Feb. 1, 1925
Mch. 31.1925
O ct.l,’97-1906
Jan. 1, 1928
Sep. 1,’ 98,2*2*
July, ’98. 2%
Apr. 1, 1951
Apr. 1, 1903
Deo. 1, 1905
Jan. 1, 1951
Jan. 1, 1951
Mar. 1, 1951
July 1, 1950
Jan. 1, 1951
Aug. 1, 1921
Apr. 1, 1952
Deo. 1, 1950
Nov. 1, 1953
Aug. 1, 1951

Dividends . > 1885. ’ 86. ’ 87. ’ 88. ’ 89. ’ 90. ’91 to Sept. ’ 98, inol.
Oommonstook. 5 8 p.c. 7*2
7
7 5*2
6
5 p. o. yearly.
Bonds.—Main Line $15,000,000 mortgage of 1874 covers property
described in V. 63, p. 76. Cairo bridge bonds are secured by deposit
of a like amount of Chicago St. Louis < New Orleans 1st M. Cairo Bridge
fe
5s The rental for the bridge is $180,000 in gold annually, of which
$30,000 goes to a contingent and sinking fund till 1902, then $20,000
to regular sinking fund. See adv. in Chronicle , May 7 ,1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago
St. L. & N. O. consols of ’ 81, and are to be included in any new mortgThe collateral trust bonds o f 1952 are secured by pledge with the U. 8.
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds o f 1953 were issued on pledge
of the securities of the Louisv. N. O. < Texas (now Yazoo & Mississippi
&
Valley RR.) purchased in 1892. Trustee o f deed, U. S. Trust Com­
pany. All the $16,900,000 L. N. O. < T. 1st mortgage bonds, except
fe
$68,000, all the $9.104,000 mortgage incomes and all but $96,000 of
the $10,000,000 land grant income bonds were owned by the Illinois
Central July 1,189 S, and pledged to secure this loan. See adv. Chron ­
icle . June 11,1892, and V. 54, p. 9 6 4 ; V. 61, p. 112.
The collateral trust bonds o f 1 Q , (United States Trust Co., Trustee,)
04
and their collateral were described in V. 62, p. 988.
For the Chicago St. Louis < New Orleans the lessee guarantees the
&
principal and interest of all the outstanding bonds prior to the 5s of
1881, and by an endorsement on the latter bonds guarantees the
payment of the interest on the same until the principal is paid. Of
these consol. 5s $5,266,000 additional to the amount outstanding above
are pleged as security for the Illinois Central trust bonds of 1886. The
3*28 of 1897 are guaranteed, p. < I., by endorsement—see form of guar­
fe
anty in V. 65, p. 1071. Illinois Central owns entire $10,000,000 ca p ­
ital stock of C. St. L. & N. O., which is held in trust for the 111. Central
leased line 4 per cent stock. (V. 65, p. 1071.)
The Western Lines loan of 1894 is for $10.000,000, but only $5,425,000 can now be issued upon the road from Dubuque to Iowa Falls, 142
miles, and Cedar Falls to Minn. State line, 76 miles. The bonds are
direct obligations of the Illinois Central, but are secured by a first
mortgage given by the Dubuque & Sioux City on the portion of its road
above named. The remaining $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 < Sioux City bonds due in 1917, shall be trans­
fc
ferred to the trustee without any encumbrance. Trustee, United States
Trust Co. Sinking fund, $46,733 yearly, out of earnings, is provided for
in the lease of Dubuque & S. C. to Illinois Central, but is not men­
tioned in mortgage on Western lines; bonds cannot be called.
The St. Louis Divisional < Terminal bonds are direct obligations o f
6
the Illinois Central RR. and are secured by a mortgage made join tly
with the St. Louis Alton & Terre Haute RR. Co., covering the St. Louis
division, which extends from East St. Louis to Brooklyn, opposite Pa­
ducah, Ky., and to Eldorado, 111., with branches, 239 miles in all, to­
gether with real estate in East St. Louis, etc. Of the $15,000,000
authorized, $5,000,000 are three per cents. The remainder ($10,000,000) bear 3*2 p ercen t interest; $6.500,000 were authorized to
be issued in ¡exchange for the first mortgage bonds of the St. Louis
Company’s system at not exceeding $1,080 of new for $1,000 of exist­
ing bonds, and $3,500,000 are issuable for improvements, equipment,
etc., the Ulinois Central agreeing to take up with these all the income
bonds and consols of the St. Louis Company. United States Trust Co.
is mortgage trustee. As to the $1,400,000 underlying bonds still out­
standing on the St. Louis Alton & T. H. system, see table on next page.
See a b s t r a c t of mortgage in V. 66, p. 1 3 8 . See also V. 66, p. 133.
For year 1897-98 St. Louis Division earned: Gross, $1,454,^63; net,
$548,138; paid rentals and interest, $502,398; balance surplus, $45,740. See also V. 67, p. 581.
The Louisville Division < Terminal mortgage of 1897 is for $25,000,
&
000. The mortgage covers the road from Elizabethtown, Ky.,
via Paducah, Ky., to Memphis, Tenn., 351 miles; Owensboro
branch, 42 miles, and Short Route Ry. Transfer, 1*2 miles, mak­
ing a total o f 394*2 miles owned and 45*2 miles to Louisville leased
from L. & N ; also by deposit of bonds covers the former Ohio Valley
Ry., 139 miles. Of the loan $3,448,000 are reserved to retire the $3,101,000 coll, trust two-ten bonds; $1,112,000 to purchase the 46
miles (Cecilia branch) from L. < N. and to retire the L. & N. bonds
fe
thereon; $2,500,000 for new acquisitions, additions or extensions.
The Chicago St. Louis & New Orleans, which took title to the Louisville
Division, joins in making the mortgage securing the loan. See V. 66, p.
1 3 6 , for a b s t r a c t of mortgage. (V. 65, p. 367, 516; V.66, p. 133.)
See also V. 67 p. 581.
G eneral F inances.—Capital stock for $2,500,000 (of the $10,000,000 authorized in December, 1895), was sold at par early in 1896.
In May, 1897, arrangements were made with Kuhn, Loeb & Co. and
Vermilye & Co., covering the sale of $20,000,000 Louis. Div. & Term­
inal new 3*28, and $10,000,000 St. Louis Division 3*
28, of which to
July 1, 1898, the amount shown in table had been issued. The compa­
ny also sold $1,350,000 C. St. L. & N. O. consols, interest reduced to
3*2 per cent, issued Nov. 1,1897, in lieu of 7s maturing on that date,
and renewed at 3*2 per cent the $2,000.000 Springfield division bonds
maturing Jan. 1,1898. V. 64. p. 952; V. 65, p. 415. The net earnings
for the year 1^97-98 applicable to dividends were largely in excess
of 5 per cent, but it was decided in July, 1898, to use the surplus for
improvements, and not increase the dividend rate. (V. 67, p. 177.)

O c t o b e r , 1898.]




K AlLR O A B

STOCKS

a

AJj

iiOAOS,

69

& 70

INVESTORS’

SUPPLEMENT,

[V ol. LXVII.

Subscribers w i l l con fer a great fa v o r by g iv in g im m ed ia te notice o f a n y error discovered in these T a b les.
Bonds—Princi­
_________________ r a i l r o a d s ._________________
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par
Outstanding Rate per When Where Payable, and byiI Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Illinois Central—(Concluded)—
St. L. Div. & Term’l M., $10,000,000 U s .. .xo"&r
< 1897 $500&c b 6 ,321,000
J. & J. NeW York, 214 B’dway. I July 1, 1951
Do $5,000,000 (See V. 65, p. 1173)........ (Ta x ? 239 ( 1897 1.000
4,939,925
J. & J.
do
do
July 1, 1951
Louisv.Div. &Term. M..$25,000,000,g.U s.xc*& 535 1*97 500 <fec. c l4 ,320,000
t
J. & J.
do
do
July 1, 1953
Col. trust, gold, 2-10s (red. at 100)............. c*&r
1894
1,000
3,101,000
do
do
J. & J.
Jan. 1, 1904
Chicago St. Louis & New Orleans, 2d mortgage.. 567 1877
80,0' 0
J. & D.
do
do
Dec. 1, 1907
5 Consol. M. ($18,000,000), gold, int. guar_c*<fer 567 1881
1,000 a l l , 289,000
J/y&D/j
do
do
June 15,1951
i Do guar. p. & 1..............................................
1,000
567 1897
1,352,000
J tj’&D/j
do
do
June 15,1951
Memphis Div. 1st M., gold, guar. p. *1. (end.) .c* 100 1889
1,000
3,500,000
J. & D.
do
do
Dec. 1, 1951
St. Louis Alton & T. H.—Stock (not held by Illin ois Ce ntral).
100
80.100
J. & J.
do
do
Ju ly,’98,1*6%
Bonds assumed not held by Illinois Central.
Bellev.& Carondelet, 1st M.,Belle, to E.C.,gold.c’
17 1883
1,000
485,000
J. & D.
do
do
June 1, 1923
Bellev. & El Dor., 1st M. (I.C.owns $100,000)c*
51 1880
1,000
103,000
J. & J.
do
do
July 1, 1910
St. Louis Southern., 1st mort., gold................ c*
30, 1886
1,000
550,00C)
M. & 8. N. Y., Mercan. Tr. Co. Sept. 1, 1931
Carbondale & Shawneetown 1st M., gold.. .o*
1,000
17 1887
250,000
M. < 8.
fe
do
do
Moh. 1, 1932
Indiana Decatur < West.—1st M., g., red. at 110 c* 152 1895
&
1,000
1,824,000
J. & J. N. Y., Central Trust Co. Jan. 1, 1935
CaT trusts....................................................................
___ 1898
485.980
New York.
Monthly.
I <diana Illinois < Iowa—Stock..................
&
___
100
3,597,800
1st mortgage, $3,000,000, gold, red. at i l ö . c ö 'e * Ì52 1898
1,000
2,500,000
5 g. A. & O. N. Y., C on fi Trust Co. Oct. Ï , ' 1948
Ind. < L.Mich.—1st M., $12,000 p. m., gold, guar.c*
&
40 1889
1,000
480,000
5 g. M. & S. Mar., ’96, coup, last pd. Sept. 1, 1939
Indianapolis Un.—lstm ., g., s. f. not subj.to call c*
1,000 • 954,000
93 1886
4 1 M. & N. Phila., Fidelity Trust. May 1, 1926
ag.
1 'i.dianapolisdt Vincennes—1st M.,guar. p.&i. (end.)c 133 1867
1,000
1,700,000
7
E. & A. N. Y., Farm. L. & Tr. Co. Feh. 1, 1908
2d M., guaranteed p. & 1. Penn. RR. Co. (end.)__ c
133 1870
1,000
1,400.000
M. & N.
6
do
do
May 1, 1900
International < Qreat Northern—1st mort., gold___ 776 1879 500 &c.
£
7,954,000
M. & N. N.Y., office, 195 B’way. Nov. 1, 1919
Purchase money 2d mort. incomes, non-cum ... ”
776 1879 500 &c.
3,000
M. & S.
Sept. 1, 1909
2d mortgage, gold.................... .. .
.................. c* 776 1881 500 &c. 7,051,000
M. & S. N. Y., office, 195 B’way. Sept. 1, 1909
3d m. ($3,000,000) (formerly incomes), g .......... cx 776 1892 500 &c.
2,717,500
M. & S.
Sept. 1, 1921
See remarks.
Colorado Bridge bonds, sinking fund............
1880
1,000
198.000
M. < N. N.Y., office. 195 B’way. May 1, 1920
fe
a In addition $5,266,000 consol. 5s are pledged to secure Illinois Central collateral trust bonds of 1886.
b On June 30, 1898, $6,321,000 were outstanding and $1,737.000 in Illinois Central treasury.
° d $21U
3883obo898’ b68ldes the $ u >
320>
000 sold, $3,620,000 were in treasury and $3,448,000 pledged to secure 2-10 bonds, making total
E arnings.—2 mos., (18 9 8 ..........Gross, $4,424,070; net, $1,156,776
July 1 to Aug. 31. (1 8 9 7 .......G ross, 4,159,756; net, 1,046.090
Mileage operated 3.668 in 1898, against 3,808 in 1897; see explana­
tion under “ road” above.
A nnual R eport .—Fiscal year ends June 30. Annual meeting is held
at Chicago the third Wednesday in September. Report for 189<98 -ms
published at length in V. 67, p. 575, 580. See also editorial, p. 558.
The following does not include Yazoo & Mississippi Valley—which see
below, but does include the St. L. Alton & T H. since Oct. 1, 1895:
Tear ending .Tune 30—
1898.
1897.
1896.
Miles operated. ......................
3,808
3,130
3,127
Passenger earnings................... $5,103,812 $4,214,461 $4,394,771
Freight earnings........................ 18,918,729
15,162,019 15,028,104
Mail, express & miscellaneous 3,295,279
2,734,458
2,579,967

Bonds.—Of the new $3,000,000 5s of 1898, $2,500,000 were issued
to retire the former bonded debt ($1,757,000, called for payment in
1898), and for expenditures made out of the surplus earnings for con ­
struction and improvements, and $500,000 are to be held in the treas­
ury for new construction at not over $16,000 per mile. Bondholders
have the right to elect two directors annually. V. 67, p. 578, 634.
E arnings.—2 mos., <1898...............Gross, $122,823; net, $40,422
July 1 to Aug. 31.
(1 8 9 7 ............. Gross, 105,303; net,
13,129
E arnings.—In year end. June 30,’9-», gross, $820,384; net, $263,892;
interest, taxes, rentals, $123,292; balance, surplus for year, $140,600.
In 1896-7, gross, $738,289; net, $195,077. President, T. P. Shonts,
Chicago, 111.; Vice-President, Joy Morton. Office, The Rookery, Chic­
ago, 111.—(V. 66, p. 5 7 1 ; V. 67,p. 177, 274, 578, 634.)
In d ia n a & L a k e Vliclilgan R y .—Owns from South Bend, Ind.
to S t. Joseph, Mich., 39 miles. Leased when completed, January,
Total earnings......................$27,317,820 $22,110,938 $22,002,842 1890, to Terre Haute & Indianapolis, which guaranteed by endorse­
Operating expenses................... $18,655,470 $15,735,884 $14,962,276 ment the above bonds, principal and interest. The rental is 25 per
cent of gross earnings. Interest due Sept. 1.1896, was not paid. V.
P. ot. op. expen. to gross earns (68-29)
(71-16)
(68-00)
63, p. 407. Sale has been set for Nov. 10,1898. V. 67, p. 788 Court
_________0JH........................ S S R . R D «S S7S rtii <
RR 9 E
$8,662,350
$8,375,054
$7,040,566 held lease and guaranty of bonds by T. H. & I. invalid. Appeal taken.
V. 67, p. 28. Unfunded debt Jan. 1, 1896, $262,479.
Net receipts from interest, &e. 2,177,064
2,110,756
1,832,678
Miscellaneous
59,305
53,4=40
85,786
B ondholders’ Committee .—Chairman, Morgan G. Bulkeley; Syl­
vester C. Duniam, J. S. Farlee, M. L. Scudder; depositary, Central
Total receipts..................... $10
$10,898,719
$8,539,250
$8.959,030 Trust Co., N. Y. All of the bonds have been deposited. V. 63,
Interest on 111. Central bonds.. $2,993,545
$3,189,972
$2.932,808 p. 601. Stock is $800,000, all owned by T H. & I. Due T. H. & I. fo r
Int. on Chic. St. L. &N. O. bonds. 2,139,660
1,217,680
1,218,040 betterments to Nov. 1. 1896, $201,218. For year ending Oct. 31, 1897
Rental Dub. & Sioux City R R ..
793,453
531,193
950,463 (see report V. 66, p. 331), gross, $69,629; deficit under operating
Net rental St. L. A. & T. H .......
533,406
340,627
290,811 $1,873. In 1895-6 gross, $67,592; def. under operating, $8,154. (V.
Dividends on 111. Central stock 2,625,000
2,625,000
2,562,500 64, p. 4 6 7 ; V. 66. p. 3 3 1 ; V. 67, p. 28, 788.)
Dividends on Leased Line stock
............
' 400,000
400,000 . In d ia n a p o lis D ecatu r & Springfield R y .—In the organiza­
Miscellaneous
*947,452
81,225
81,181 tion of the Indiana Deatur & Western—which see above—the old In­
dianapolis Decatur & Springfield 1st 7s received par in new bonds and
. TT$866,203
$153,553
$523,227 $390 per bond from sale of I. D. < W. stock—see V. 65, p. 27.
fc
In d ia n a p o lis U n io n R y .—Owns 3 miles of track, '93 of a mile
♦Includes $501,452 additions to insurance fund and $396,000 fund
of road, with terminals at 1ndianapolis, Ind., and leases for 999 years
for air brakes and couplers from July 1,1898, to Deo. 3 L 1899.
the Belt RR. of Indianapolis—which see—consisting of 12^ miles of
if Includes $929,000 betterments, against $150,000 in 1896-7.
road encircling the city, etc.
Y azoo & Mississippi V alley .—Res alts on 807 m iles:
Formed in 1850 and furnishes terminal facilities to the several
Gross.
Other inc. Interest, etc. •Bal. sur. railroads entering Indianapolis. Capital —The Cleveland Cincinnati
189 -98---- $4,775,648 $1,569,028
$206
$785,203
$784 031 Chicago & St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and
1896-97.... 3,936,513
1,260,897
67 690,523
570,441 the Terre Haute & Indianapolis are virtual proprietors, they having in­
St . Louis ALTON & T erre H aute RR.—
Forms the “ Cairo Short vested in it $859,175 to June 30,1898. No stock outstanding. B onds.
Trustee of mortgage is the Fidelity Ins. Trust < Safe Deposit Co. of
fc
Line ” route from East St. Louis, across the coal fields of Southern Illi­ —
nois to Brooklyn, opposite Paducah, Ky., and to Eldorado, 111., with Philadelphia. Bonds for $46,000 have been canceled by sinking fund.
branches, a total mileage of 239 miles. Has absorbed by consolidation For year ending June 30,1898, gross, $539,393; net, $159,760; other
income, $9,749; charges, $92,522; balance, surplus, $76,987. In
all the other companies included in the Cairo Short Line.
LEASE^-Leased for 99 years from October 1,1895, to the Illinois 1895-6, gross, $606,520; net, $310,512; other income, $13,672.
In d ia n ap olis & V in cen n es R R . —Owns from Indianapolis, Ind.
Central Co. The two companies simultaneously have mortgaged all
their interest in the property to secure the new St. Louis Division & to Vincennes, 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Terminal bonds. The supplemental lease provides for the payment of
S ecurities.—Connecting line for Penn. RR. to- Vincennes. Stock,
an annual rental o f 2*4 per cent per annum on the $-0.100 tof the «9 - $1,402,000; par, $50; 01 which Pennsylvania Company on Jan. 1
470,800) stock of the St. L. A. & T. H. not deposited under the mort- 1898, owned $1.401,900. The Penn. Bit. Co. guarantees by endorse­
ment on each the principal and interest of the bonds.
T’ren d .D ecji: Gross.
Net.
Interest, etc.
Balance.
$84,403
$209,397
def. $124,994
reports: Year 1897................ $489,304
1894-95, gross, $1,350,055 ; net, $567,526. V. 67, p 5 7 5 ,5 7 8 ,5 8 0 .
1896................ 485,608
98,197
208,474
def. $110.277
In tern ation a l & Great N orthern R R .—Operates from Long­
In d ia n a D ecatu r & W e ste rn K y . —Indianapolis , Ind to De­
catur, 111 152 miles. Successor in 1894 of Indianapolis Decatur & view on Texas & Pacific (near Shreveport, La.,) southwesterly to
Western, foreclosed under the old Indianapolis Decatur & SDrlngfield Houston & Galveston, also to Laredo, Tex., on Mexican National RR
Lines owned—
Miles. I Lines Operated—
Miles.
mortgage o f 1 8 7 6.-V . 61, p. 1064. See decision confirming the falidLongview, Tex., to Laredo,
|Galveston, Houston & Hen.
ity of the reorganization m V 64, p. 41, 953; V. 65. p. 27
T ex..... ........
496 I (jointly with M. K. & T )........ 50
* AP. ifeb., 1898, company arranged to buy 1,000 freight cars for
Palestine to Houston, Tex......150 I Other lines.................................. 26
$485,980, part cash and part in monthly instalments.
°
i n e o l a , Columbia,
etc.,
I
----Stock and B onds.—In December, 1895, $912,000 common and S912 - Mbranches................................. 101 | Total system............................823
000 preferred had been issued, all of which had been sold to Cincinnati
Organization .—Reorganized without foreclosure in 1892 under plan
Hamilton Dayton interests. See V. 61, p. 1064. Bills pavabie Tune
30. 1897, $30,000.
^ p a y a o i e j u n e m V. 54, p. 203, 366. Stock authorized is $25,000,000; outstanding,
The first mortgage of 1895 is authorized at $12,000 per mile for $9,755,000; par, $100; controlled in interest of Missouri Pacific.
Owns 4,999 shares of G. H. & H. stock. See V. 61, p .1 0 1 3 ,1064.
additional road built or acquired; the bonds are redeemablebv lot at
Bonds,—The second mortgage interest, scaled to 4*2 per cent, until and
110, at anytim e on eight weeks notice; mortgage trustee Central
including Sept. 1,1897, is now 5 per cent; but in case of default the
Trust Co., N. Y., and Augustus L. Mason of Indiana.
’
rate reverts to 6 per cent as formerly. Second mortgage bonds are re­
A nnual R eport .—Fiscal year ends June 30. Report for 1897-98 served to take up the $3,000 old incomes.
was in V. 67, p. 839.
The third mortgage 4 per cent bonds for $3,000,000, which were
Tears end. June 30. Cross. Oper. expen.
Charges. Balance. incomes until Sept. 1,1897,now draw interest at 4 p. c. per annum.
1897-98................... $481,701 $353.282 $128,419 $91,200 $3 ,219 V. 56, p. 82. The first payment of interest was m<de n March 1,
1896-97................... 455,695
336,684
119,011 91,200 27,811 1898. There is also outstanding fractional 3d mortgage scrip con­
O fficers .—(Elected in December, 1895) : President, M. D Wood Corn vertible for $20,052. The certificates o f indebtedness were paid off
Vice-President. Henry F. Shoemaker.—(V. 64, p. 953; V. 65, p. 27, 839?) Nov. 1,1897. On June 30,1897, loans and bills payable, $375,000.
E arnings.—On 775 miles, not including Galv. H. & H „ Jan. 1 to
In d ia n a I llin o is & I o w a R R . —Owns from Streator Junction Deo. "1,
in 1897; $3,523,184 in 1896.
III., to South Bend, Ind., 152 miles; (Kan. & Sen. RR.) Kankakee to Jan. 1 to 12 months, gross, $3,645,045 1898; in 1897, $1,546,070.
June 30, gross, $1,618,285 in
Seneca. 111., leased. 38 miles; total of all, 190 miles. Extension of 35
For years ending Dec. 31 on 775 miles (G. H. & H. not included):
miles, Streator to Bureau Junction, proposed, via Lostant. there con
Cross.
Net.
Other inc. Charges.
Balance.
neoting with Illinois Central and at Bureau Junction with Chic R I 1897............$3,657,336
$981,829 $6,215 $1,023,153 def.$35,109
& P ac., upon completion of which lease of trackage to Seneca 38 1896........... 3,528,177
830,696
7,350
929,223 def. 91 177
miles, to be discontinued. V. 67, p. 634. Consolidated in 1898 with the 1895........... 3.277,657
785,697 49,533
«83,147 def. 47 917
Ind. 111. & Iow a Rv. of Indiana, a subsidiary line. V. 67, p. 177 578
—(V. 63, p. 6 4 7 ; V. 66, p. 471.)




O ctober , 1888 J

KAILKOAD

STOCKS

AND

BOKDS.

71

Subscribers w i ll confer a great fa v o r by g iv in g Im m ed iate n otice o f an y error discovered in tbese T a b les.
Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
Amount
of
When
Par
For explanation of column headings, &o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Whom.
Cent.
on first page of tables.
Dividend.
....
$100
Iowa Cent.—Common stock, $11,000,000 auth....... . . . .
Preferred stock. $7,400,000, 5 p. c., non-cum---100
1st M., for $7,650,000; $15,000 per mile, gold, .c* 503 1888
1,000
1885
1,000
Keithsburg Bridge 1st M., g., guar., red. at par.c*
*20
100
Iron Bailway—Stock.......................................... - .......
Jacksonville & St. Louis—Stock Trust Certificates.
100
54 1880
Jacksonv. Southeast. 1st M., Jack, to Litchfield..
1,000
1st consol, mortgage, $650,000, g o ld .............. c* 112 1896
Incomes, 4s, gold, non-cumulative, $1,650,000.. 112 1896
1893
Jacksonville Tampa < Key West—Receiver’s certifs.
£
1,000
1st, gold, redeemable at 110................................e* 130is 1884
37 1886
Atlantic Coast St.Johns & Indian R. 1st M.,gold.c
1,000
29 1886
Sanford & Lake Eustis 1st M. ($350,000), g old ...
1,000
J. T. & K. W. consol, mortgage for $4,000,000.... 200 1890
1,000
1894
Jacksonville Ter. Ry.—1st M., $500,000, g „ guar.c*
1,000
Jamestown < Lake Erie—1st mortgage, $325,000.. ‘ *27 1896
&
8 1867
Jefferson—1st & 2d Ms,ext. in ’87&’89 (H’daleBr.)c
1,000
37 1889
1st M. Carbondale to S. depot, gold, guar. p. & i . .c*
1,000
45 1877
Joliet d Northern Indiana—1st M. gu. p. &i. M. C.o
k
1,000
Junction (Philadelphia)—1st m., guar.p.&i.(ext’d). 3-56 1882
1,000
2d mortgage, guaranteed prin. & int..................... 3-56 1865
1,000
Kanaw.dk Mich.—1st M., $15,000p.m.,g.,gu. p.& i.c* 164 1890
1,000
10 1886
Kansas City Belt—1st ($534,000 gu. K.C.F.S.&M.).c*
1,000
Kansas City Clinton < Spring.—1st M., g., guar..c* 174 1885
&
1,000
.... 1877
500
Pleasant Hill & De Soto 1st mortgage, gold........
Kansas City Ft. Scott & Memphis—Stock.................... . . .
....
100
Preferred stock contracts, 8 percent....................
100
K. C. F. S. & G. 1st M., I’d. gr.,s. f., dr’n at 110.c* 160 1879 100 &o.

I o w a C e n tr a l R y ,-O p era tes from Peoria, 111., westerly to Oska
\ 0osa, la., thence northerly to Manly Junctign, la., and branches, viz.:
Leases—
Miles
Owns—
Miles.
c
Iow a June., HI., to Miss. River. 89 Keithsburg Bridge over Miss.. 2 1
Miss. River to Oskaloosa, la .. 95 Track, Iowa Junet’n to Peoria. 3 *2
Oskaloosa to Manly Junction. .154
Total of all............................... 509
Branches to Albia, etc............165
H istory .—Reorganization (by plan in V. 44, p. 653) of the Central.
Iowa sold in foreclosure in 1887-88.
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.)
D ividends .—On preferred stock in 1892 paid 1 per cent; none since.
B onds.—Mortgage trustee Mercantile Trust Co.; abstract V. 49, p. 582.
, E arnings—2 months, > 1898........ Gross, $329,929; net, $75,271
295,551; net, 103,692
July 1 to Aug. 31. ( 1897........ Gross,
A nnual R eport .—Fiscal year ends June 30; report for 1897-98 was
in V. 67, p. 787. Soft coal tonnage in year 1897-98 was 670,950 (51
p. c. of total tonnage) ; 1896-97 was 611,796 tons; in 1895-96 was
584,003 tons, being 4-88 p. e.; ton-mile rate in 1897-98 was 0 94 cents,
against 0-88 cents in 1896-97 ; train load 1896-97,173 tons, against
172 tons in 1895-1896.
Year ending June 30.
1898
1897.
1896.
1895.
A.v’ge miles of road oper.
509
509
499
498
Gross earnings................. $1,868,349 $1,564,205 $1,839,708 $1,569,221
Net earnings (over taxes)
531,541
400,561
617,385 458,434
Tot. net rec’ts (incl.rents)
543,318
408,348
631,721 473,185
Interest, rentals, &e........
375.892
374,792
373,163 378,347
61,948
30,054
80,238
24,875
Improvem ents................

$8,480,658
5,671,630
6,572,000
5 g. J. & D. N. Y., Mercantile Tr. Co.
591.000
6 g. J. & D. N. Y., Central Trust Co.
Boston.
600.000
yearly.
1,500,000
See text.
300,000
6
J. & J.
350,000
A. & O. Phila.,Penn.Co.for Ins.
1.582.000
I 8' J. & J.
N. Y., Seaboard N. Bk.
141,300
8
1.566.000
6 g. J. & J. Jan., ’95, paid July, ’ 95.
360,000
M. & S. Mch., ’95, coup, last pd.
6 g.
290,000
6 g- M. & S. Mch., ’ 95, coup, last pd.
1,784.000
M. & S.
No coupons paid.
6
500,000
5 g• J. & J. N.Y., Guaf’ty Trust Co.
316,« 00
Interest in default.
5
A. & O
300,000 4*2 & 6 J. & J. Phila., Fidelity Tr. Co.
2,800,000
N.Y., Erie RR.
5 g- A. & O.
800,000
7
J. & J. N. Y., Farm. L. & Tr. Co.
425,000
J. & J. Phila., Broad St. Sta.
300.000
6
A. & O.
do
do
2,469,000
4 g. A. & O. N. Y „ Central Tr. Co.
2,050,000
6
J. & J. Boston, Of., 50 State St.
3,192,000
5 g. A. & O. Boston, Meroh. Nat. Bk.
58,000
do
do
7 g. A. & O.
9.898.000
Boston, Of., 50 State St.
2.750.000
do
do
2.197.000
7
J. & D. Bost., Nat. Webster Bk.

Apr. 11,1892
June 1, 1938
June 1, 1925
July 10,1891
July 1, 1910
Oct. 1, 1925
Jan. 1, 1935
Jan. 1, 1914
Jan. 1, 1906
Sept. 1, 1916
1940
July 1. 1939
1996
July 1, 1927
Jan. 1, 1909
July 10,1907
July 1, 1907
Apr. 1, 1900
Apr. 1, 1990
July 1, 1916
Oct. 1, 1925
Oct., 1907
Feb. 16,1891
Feb. 15,1893
June 1, 1908

In Aug , 1894. interest was in default, and foreclosure proceedings had
been brought—V. 67, p. 371. Stock, $350.000. Year ending June 30.
1897, gross, $42,470; net, $1,555; voluntary assessment paid by
stockholders, $11,375; charges, $18,896; deficit, $5,966. President,
Sherman Evarts, 65 Wall Street, New Y ork; Secretary, Hamilton W.
Durand, New York.—V. 67, p. 371.
Jefferson B B . —Owns Lanesboro, Pa., to Carbondale, Pa., 37
miles double track; branch, Hawley, Pa., to Honesdale, Pa., 8
miles. Leased in perpetuity to the Erie RE. Co. for $140,000 per
annum for main line and $14,940 for branch. Used by Delaware & Hud­
son to reach Carbondale. Stock, $2,096,050; all owned by Erie RR.
J o l i e t Jk N o r t h e r n I n d i a n a B B . —Owns Joliet, 111., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central sys­
tem. Road opened in 1854 and leased to the Michigan Central. Stock
($300,000, par $100) carries dividends of 8 per cent per annum.
J u n c t i o n B B . ( P h i l a d e l p h i a ) .—Owns Belmont, Pa., to Gray’s
Ferry, Pa., about 4 miles. It connects the Pennsylvania, the Philadel­
phia & Reading and the Philadelphia Wilmington & Baltimore railroads,
coming into Philadelphia, which three companies jointly guarantee
principal and interest of bonds. Stock $250,000 (par $50), is all held by
these three cos. D ividends —in 1891 40 p. o., in 1892 35 p. o., in 1893
30 p. c.; in 1894,15 p. c.; in 1895, none; in l8 9 6 ,1 5 p .c.; 1 8 9 7 ,1 0 p. c.
K a n a w h a &. M ic h ig a n B y . —(See Map Toledo < Ohio Central.)—
£
Owns Coming, O., to Gauley on the Ches. & Ohio, 172 miles, less 17
miles, Pomeroy to Gallipolis, and 1 mile, Athens to Armitage, where C.
H. Y. & T. tracks are used. Also owns branch of 11 miles leased to
Toledo & Ohio Central and Col. Shawnee & Hocking Ry. companies.
H istory , E tc.—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 stock was acquired by the Toledo & Ohio Central,
Balance, surplus........ $105,478
$3,502 $178,320
$69,964 which has guaranteed the bonds, principal and Interest. (See V. 52, p.
President (Sept., 1897), H. J. Morse. (V. 65, p. 5 6 6 ; V. 66, p. 616; 16f, 351.) Capital stock $10,000,000 ($1,000,000 in treasury June.
1898). The first mortgage bonds are authorized at $15,000 per mile
V. 67, p. 3 6 7 . 371, 7 87.)
of road constructed. June 30, 1897, loans and bills payable, $137,226.
J a c k s o n v i l l e & St. Lcouls R y , —Owns Jacksonville to Centralia,
111., 112 miles. A reorganization July 1,1896, of the Jacksonville Louis­ L atest E arnings—2 mos., > 1898..'..Gross, $98,354; net, $27,781
July 1 to Aug. 31.
(1897
Gross, 102,902; net,
29,756
ville & St. Louis RE,, foreclosed June 10,1896. Eoad is operated in­
Surplus over 2 months’ oharges, $6,210 in 1898, against $6,866 in
dependently. As to voting trust (voting trustees, Robt. P. Kennedy
1897.
and J. H. Dunn), etc., see reorganization plan in V. 63, p. 30.
A nnual Statement .—Fiscal year ends June 30. In year 1897-98
The first consol, bonds outstanding (trustee of both lsts and incomes
Penn. Co. for Ins. on Lives, etc.) may be increased to $650,000, but gross, $558,343; net, $152,443 ; interest, taxes, etc., $138,149 ; bal.,
only to take up the Jacksonville Southeastern bonds. For the year surplus, for year, $14,294. In 1896-97, gross,$470,488; net,$119. 335.
ending June 30,1898, gross, $216,866; net, $51,732: interest, taxes, In 1895-96 gross, $472,107; net, $115,472.—(V. 65, p. 5 1 4 . 1 0 2 1.)
etc., $56,022; balance, def., $4,290.—V. 63, p. 30, 880.
K a n s a s C ity B e lt B y . —From Argentine to Valley of Blue River, 10
J a c k s o n v i l l e T a m p a & K e y W e s t B y . —Line of road Jackson­ miles. Stock authorized $2,500,000 (par, $100); outstanding
$100,000 (par, $100); owned one-half by Atchison Topeka
ville, Fla., to Sanford, 125 m iles; Enterprise branch. 4 miles.
Deland branch, 5 miles; Atlantic Coast St Johns & Indian River, & Santa Fe and three-tenths by Kansas City Fort Scott & Mem­
Enterprise to Titusville, 37 miles; Sanford &Lake Eustis Div., Sanford phis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased or 99 years
to Tavares, 29 miles; total J. T. & K. W.t 200 miles.
from 1888 to C M. & St. Paul and Atchison Top. & S. Fe (jointly with
R eceivership , Etc.—Receiver appointed Aug. 4, 1892. Receiver other companies) for payment in each case of 3 p. o. per annum of
is now Joseph H. Durkee. The land grant was about 1,500,000 acres. cost of property used with equal proportion of cost of conducting
As to Florida Southern (see that company). Foreclosure sale under
ansportation and maintenance according to wheelage. The mort­
consol, mortgage of 1890 postponed on May 3,1897, for the fifth time, gage is for $2,500,000. E arnings.—For year ending June 30,1897,
and no date had been set to Oct., 1898—V. 64, p. 888; upset price Sross, $216,450; net, $140,797 taxes, $8,364; interest, $121,500;
$350,000. Consols for only $1,376,500 are recognized as valid. (See dividends (5 p. c.), $5,000; balance, surplus, $5,933. In 1896-7 gross,
y . 62, p. 683.) Current liabilities, not including overdue interest, <{>212,889; net, $134,418. President, E. S. Washburn, Kansas City, Mo.
March 31,1897, $31,403.
K a n s a s C ity C lin t o n & S p r in g fie ld B y . —Owns from Cedar
F irst Mortgage Committee , Etc.—Winthrop Smith. Chairman, 517 Junction, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant
Chestnut St., Phila.; H. A. Du Pont, Alfred S. Elliott, Henry N. Paul. Hill, Mo., 10 miles; total, 174 miles, but only 163 miles operated.
Over four-fifths of the firsts had been deposited in April, 1896. Fore­
Stocks , E tc.—Stock issued, $1,775,400 (par $100), one-half owned
closure suit under first mortgage has been brought. Consols are repre­
by Kansas City Fort Scott & Memphis RR., whioh guarantees the
sented by Simpson, Thacher < Barnum, New York. V. 64, p. 754.
fe
bonds; due that company July 1,1896, $423,000.
Stock—Stock July 1, 1892, was $3,010,000 of which it is said
A nnual R eport .—Fiscal year ends June 30. In 1896-7, gross
the Florida Construction Co. owns $2,715,300.
$330.045; net, $104,683; other income, «111; interest, $163,660;
E arnings .—5 months, >1898............ Gross, $146,488; net, $19,207 balance, deficit for year, $58,866. In 1895-96, gross, $403,915; net,
April 1 to Aug. 31. 51897............ Gross, 117,561; net,
8,933 $185,077. In ’94-95, gross, $414,328; net, $196,047.—(V. 61, p. 1 0 1 0 .
R eport .—Report for year ending March 31,1898, in V. 67, p. 479.
K a n a s C ity o S c o t t &
Gross.
Net.
Other ine. Charges.
Balance, KansassCity, Mo.,P tor tMemphis, M e m p h is B B . —Owns main line from
Tenn.,
miles, with branches, 236
1897-98....$312,904
$36,045
$521
$173,334 def.$l36,768 miles; total owned, 721 miles. Controls 485 Current River RR. (Willow
the
18 9 6-9 7 .... 306,288
18,968
759
180,863 def. 161,136 Springs, Mo., to Grandin, 82 m.), ow ning$942,000 of its $1,606,000 stock
1 8 9 5 -9 6 .... 317,278
def. 5,667
954
172,729 def. 177,442 Owns one-half capital stock of K. C. Clinton & Springfield and of K. O.
The charges in 1897-98 included taxes, discount, etc., $40,374, Memphis & Birmingham RR.; also 300 shares Kan. City Belt.
whlcn were paid, and interest on lsts (accrued), $132,960, not paid.
Organization .—Formed in April, 1888, by consolidation of the Kan.
—V. 64, p. 469,707,754, 888, 1 2 2 2 ; V. 67, p. 4 7 9 .
0. Ft. Scott & Gulf and Kansas City Springfield & Memphis railroads.
J a c k so n v ille T e r m in a l B y .—Owns union freight and passenD ividends
’ 86, ’ 87, ’ 88, ’ 89, ’ 90, ’91, ’92, ’93.
er depots [the latter opened Feb. 1,1895,] and terminal properties at On common .—
............ 4%, 4 ^ , 3*8, 3, 3Jfl,
1,
0, 0,
5 none
acksonville, Fla., including 20 miles o f track, used by Savannah
8,
8, 8,
4,
8, 5.
(since
Florida & Western, Florida Central & Peninsular and Jacksonville St. On preferred........... 8%, 8,
B onds.—Consols are reserved for all prior bonds when due.
Augustine & Indian River (now Florida East Coast Ry.), which com­
panies guarantee by endorsement the principal and interest o f above
G eneral Finances.—On June 30,1897, bills payable were $100,798
bonds; trustee. Metropolitan Trust Co., N. Y. Property is also used by and equipment bills $246.936. In Deo., 1897, $500,000 consol. 6s were
Jacksonville Tampa & Key West. For year ending June 30, 1897, sold to reimburse the company for K. O. Springfield & Memphis 6s
gross, $67,031; net. $7,803; other income, $35,735; total deductions, paid in cash May 1,1894.—V. 65, p. 1220.
$39,425; balance, surplus, $4,113.
Earnings.—Including K. C. C. < S. and Cur. River, July 1 to June 30:
fe
J a m e sto w n 4c L a k e B rie B y .—Jamestown, N. Y ., to Mayville
12 mo*.— Gross.
Net.
Oharges.
gBal.,surp.
Junction, 21 miles; branch to Chautauqua 5 m iles; total, 27 miles. 1897-8.......$5,083,372
$1,574,005 f $1,416,262 jig $157,743
Reorganization in 1894 of Chautauqua Lake Ry. sold July 25,1894 1896-7....... 4,613,454
1,453,359 J K 2*L.*03,026 M i«ti 50,333
Ug

f




72




INVESTORS* SUPPLEMENT.

[Y ol. LXVI1.

O c to b er , 1898.]

■RAILROAD

STOCKS

AN D

BONDS.

73

Subscribers w ill con fer a great fa v o r by g iv in g im m ed ia te notice o f a n y error discovered in these T a bles.
Bonds—
Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—
Last
Whom.
on first page of tables.
Cent. Payable
Road. Bonds Value.
Dividend.
Kansas City Ft. Seott < Memphis—( Concluded>—
£
Ft. Scott So’eastern & M.. 1st M., dr’wn at 105.c* 103 1880 $1,000
$538,000
Short Creek & Joplin 1st M., drawn at 105.......o*
22 1880
87,000
1,000
Memphis K. & Col. 1st M. (see text) .............. c*
50 1884
492,000
1,000
Kansas & Missouri RR. 1st mortgage .......... n*
26 1882
390,000
1,000
Consol, mortgage ($25,000 per m.) not dr’n.NBo* 708 1888
1,000 13,616,000
Current Riv. RR. 1st inort., $20,000 p. m., guar.
1,606,000
81 1887
1,000
Kan. C.& M .R’y & B ’dgelstM.g.,s.f.,dr’n a tll0 .c *
1889
1,000
3,000,000
Kansas Equip. Co. 1st M. guar., s. f., red. at 110.
1889
1,000
761,000
Ran. O. Memph. dt Bir.—
Gen.M.,$4,500,000, cur.c*
1894 50Ó &c.
3,120,010
Income, non-cumulative, $7,000,000, cur........ c*
1894 500 &c.
6,278,500
Birmingham equipment M.,g.,gu. (red. at 110)..o*
1888
1,000
1,000,000
Memphis Equipment Co., guar., red. at 110.......o*
1890
1,000
189,000
Kansas City té Northern Connecting RR.—
1st mort., gold, $20,000 per mile, $3,000,000 c*
81 Text.
1,000
1,608,000
2d mort., income, gold, non-cum., $1,250,000___
81 Text.
1,000
1,206,000
Kan. City Northwestern- Mort., gold. See text..o*
1894 500 &c.
935,680
K. 0. té Om.— M. ($15,000 p. m.) g., int. gu.c*<fer 194 1887 500 <fcc. 2,713,000
1st
Kansas City Osceola té Southern—
1st m ortgage...
1892
1,000
2,000,000
Kansas City < Pacific— ee Missouri K ansas < T e xas ;
é
S
s
Kan. 0 . Pitts, té Gulf.— mort., gold ................
1st
1893
1,000 22,578,000
Equipment notes and lease warrants ...............
1,895,344
K .0 . St. Jo.té Coun.Bl.—
Con. M. (Nos. 1 to 500 pf.)c* 248 1877 100 &c.
5^000,000
1st Ms. Nod. and Tark. Val. RRs. s. f. (dr.atlOO).c*
62 1880
1,000
461,000
Funding notes ............................................
1893
480,000
Kan. City Suburban Belt—
Stock .......................
100
4,750,000
1st mortgage, gold ...................................... c
30 1890
1,000
i,ooo;ooo
Consol. Tèrminal Ry. of K. C., 1st M., gold ..... e*
1892
1,000
750,000
Union Ter. RR. Co.lst M. ($2,000.000) g. guar.c*
10 1893
1,000
1,550,000
Kansas City &Indep. Air Line 1st M., gold, .c&r
5 ^ 1892
1,000
300,000
Kansas City Watkins té Gulf—1st mort., gold...... c*
98 1890 $ & £
1,967,400
Kansas Midland— M., gold, $15,000p. m ..M e c 107 1887
1st
1,000
1,608.100

,

M. & S. Boston, Nat. West.Bank
7
do
do
M. & S.
7
do
do
M. & S.
7
do
do
F. & A.
5
M. & N. Bost., Nat. Webster Bk.
6
A. & O. Boston, Nat. Union Bk.
5
A. < 0. N. Y., Un. Tr. Co. & Bost.
fe
5 gJ. & J. Bost., Nat.Webster Bk.
5
M. & S. Boston, Merch. Nat. Rk.
4
2p,c. pd. Sept. 1,1898
Sept. 1 21
5
6 g. M. & S. Boston, Merch. Nat. Bk.
Boston Office.
F. & A.
6
5
5
5
5

4

g.
g.
gg

J. &
J. &
J. &
J. &

New York.
J.
N. Y., when earned.
J. N. Y . , Merc. Trust Co.
J. July, ’93, coup, last pd.
J.

Sept. 1,
Sept. 1,
Sept. 1,
Aug. 1,
May 1,
Oct. 1,
Oct. 1,
Jan. 1,
Mch. 1,
Mch. 1,
Moh. 1,
Aug. 1,

Jan. 1, 1927
Jan. 1, 1927
Jan. 1, 1933
Jan. 1. 1927
1942

5 g. A. & O. N. Y. Of., 1 Nassau, etc. Apr.
To
J. & J. Boston, 2d Nat’l Bank. Jan.
7
do
do
J. & D.
June
7

J. & J.
6 S- J. & D. Phila., Union Trust Co.
5 g. F. & A. Phila. òf., 400 Chestnut
do
do
5 g. F. & A.
5 g. M. & S. Phil., Prov. Life & Trust
5 g. J. & J. July,’95, coup, last paid
4 g. J. & D.
See V. 65, p. 925.

1910
1910
1910
1922
1928
1927
1929
1905
1934
1934
1903
1905

1, 1923
1907
1, 1907
1, 1920

Jan.l ’98,1L>%
June 1, 1920
Feb. 1, 1922
Feb. 1, 1923
Mch. 1, 1922
Jan. 1, 1930
June 1, 1937

A nnual R eport .—Report for 1896-7 in V. 65, p. 821.
ing June 30, 1897, $127,305; deficit under operating expenses, $20,222.
—V. 67, p. 372; V. 66, p. 879, 926.
Year end. June 30.
1897.
1896.
1895.
1894.
Gross earnings..............$4,137,128 $3,991,694 $3,985,635 $4,406,740
K a n sa s City P ittsb u rg S G u lf K B . —('-See Map.)—Owns from
ic
Net earnings.................$1,310,557 $1,209,695 $1,191,489 $1,269,187 Grandview, 23 miles south of Kansas City, to Port Arthur, 764 miles;
De Quincy to Lake Charles, La., 21 in.; total, 785 m.; traokage, Grand­
Interest and misoell.. 1,260,223 1,147,139
1,099,278
1,125,841
view to Kansas City, 24 miles over K. C. Osceola & Southern and K. C.
Balance, surplus....
$50,334
$62,556
$92,211
$143,346 Suburban Belt. Arrangements with Mallory Line of steamships were
reported in April, 1897, securing connection between Kansas City and
Deficits paid on Current River RR. and Kansas City Clinton < Spring- New York via the Gulf of Mexico.—V. 64, p. 754. Line completed to
fe
field RR in 1896-97 was $100,941, not included above.—V. 65, p. 1220; Port Arthur in Sept., 1897, when 785 miles were in operation.
Y. 67, p. 4 2 4 , 634.
Port Arthur is on Sabine Lake, 7 miles from deep water channel, to
K a n s a s City M em ph is Sc B irm in g h a m R R . - Owns from which a ship canal is under construction (Us miles finished in Nov.,
Memphis to Birmingham, Ala., 253 miles, and branches to Aberdeen, 1897), and expected to be completed by October, 1898. Until com­
pletion freight is lightered from Port Arthur to deep water ohannel—
Miss., and Bessemer, Ala., 23 m iles; total, 277 miles.
The ship canal
Stock , T raffic G uaranty , E tc.—The stock is $5,976,000; par, $100. see V. 65. p. 1024. V. 65, p. 1072. is being built by the Port Arthur
Channel Dock Co.—
The Kansas City Fort Scott & Memphis owns half the stock and gives a
H istory .—Organized in 1889 under Laws of Missouri as K. C. Nevada
traffic guarantee of 10 per cent of gross earnings derived from business
to and from this road, to be applied to' interest. In 1894 the company & Ft. Smith RR. and name changed Jan. 23,1893. See application
for listing on N. Y. Stock Exchange in V. 65, p. 473 and 824.
was reorganized under plan of December, 1893.—(See V. 57, p. 938.)
Stock .—Stock authorized, $23,000,000, $25,000 per mile; par $100:
B onds.—On income bonds 2 per cent was paid Sept. 1,1897, and 3
is ted on N. Y. Stock Exchange to Feb., 1898, $23,000,000.
per cent Sept. 1,1898.—V. 65, p. 367; V. 67, p. 428.
Bonds.—First mortgage (see a bstract in V. 64, p. 1044) gold bonds
L atest E arnings.—From July 1 to July 31 (1 month):
1 month.
Oro8S.
Net.
Charges.
Balance. at $25,000 per mile of main track and $15,000 per mile additional for
1898........................................$88,966
$7,139 $16,507 def.$9,368 second track were authorized in April, 1893, interest on which until
April, 1897, was payable only if earned. To conform with State laws,
1897........................................ 74,311
7,341
16,487 def. 9,146
portions of the road have been built and are owned under the title of
A nnual R eport .—For year 1897-8 in Y. 67, p. 424.
Year.
Gross.
Net.
Other Inc.
Interest. Bal., Sur. the Texarkana & Fort Smith and K. C. Shreveport & Gulf, whose
1897-8.......$1,400,498
$362,509
$31,248
$198,085 H$195,672 stook and bonds are pledged to secure the K. C. P. & G. firsts. Mort­
gage covers equipment. Missouri Kansas & Texas Trust Co., of Kan­
1896-7,..... 1,241,393
315,183
25,790
198,085 HT42.888
II N ote .—From surplus 1896-97 paid 2 per cent on incomes in Sept., sas City, Mo., and State Trust Co., of N. Y., trustees. V. 65, p. 367,463,
Latest E arnings.—In April, 1897, road was completed to Shreve­
1897, $126,745, and 2*2 per cent In 1897-98, $156,925, leaving balance,
port, 569 miles; in November, 1897, was operating 814 miles to Port
surplus, of $38,747.—V. 65, p. 82 0; V. 67, p. 4 2 4 , 428.
Arthur. For 9*4 months ending Oot. 7, 1898, gross earnings were
K a n sa s City Sc N orth ern C on n ectin g H i t .—
■('See Map.)—
Line from Pattonsburg, Mo., to Kansas City, Mo., 75 miles, completed $2,478,815, against $1,656,066 in 1897.
A nnual R eport .—Report for year ending Sept. 30, 1897, in V. 65,
March, 1898. Leases trackage, Plattsburg, Mo., to Kansas City, 40
miles, to St. Joseph & Grand Island. Extension proposed from p. 1068, showed gross, $1,869,264; net, $615,849; taxes (est.), $35,160; net orer taxes, $580,689. On Sept. 30, 1896, 395 miles were in
Trimble, Mo., to Gower, 1 0 ^ miles.
President (Jan
Organization .—This road is owned by the Kansas City Suburban operation, and on Sept. 30,1 1897, 770 miles. list of directors , 1898),
Stilwell, N.Y.; office, Nassau St. See
Belt RR. Co., whose extensive terminals it uses at Kansas City. It A. E.28,1897, in V. 65, p. 869. (V. 67, p. 1 7 5 ,1 7 8 , 222, 483.) eleoted
connects the O. K. C. & E. RR. Co. and the O. & St. L. RR. Co. with the K. Oct.
C. Pitts. & Gulf RR. Co., making a new through route from Omaha and
K a n sa s City St. J osep h Sc C ou n cil B lu ffs R R , - ( S e e
Kansas City to the Gulf of Mexico.—See V. 62, p. 1177.
Map Chicago Burlington té Q.)—Owns from Kansas City to Council
Bluffs, 193 miles, branches 55 miles, proprietary lines (Nodaway Valley
Securities .—Stock authorized, $3,000,000; issued, $2,814,000.
Full particulars regarding bonds were in V. 62, p. 1177. When con­ and Tarkio Valley railroads), 62 miles ; total owned, 310 miles; leases,
solidation with O. K. C. & East, takes place, the bonds, and also the 6 miles; leased to other companies, 7 m.; leaving total operated, 309 m.
stock, it is provided, may be exchanged, dollar for dollar, for first
Stock , E tc.—The capital stock (including Nodaway & Tarkio Valley)
mortgage bonds and stock respectively of the consolidated company June 30,1893, $6,029,493. Stock for $5,263,293 was purchased by the
Pres., A. E. StilweU.—V. 66, p. 573; V. 67, p. 75,127, 736.
Chicago Burlington & Quincy in 1880, and the road is operated as part
K a n s a s City N orth w estern R R . - Road Kansas City to Vir­ of that system. Consols. Nos. 1 to 500, both inclusive, have a prior lien.
ginia, Neb., 162 miles, of which Seneca to Axtell, 11 miles, and South See description of mortgage in October, 1896, S upplement , page 1.
Leavenworth to Leavenworth, 1 mile, are trackage, and 20 miles, D ividends .— ) 1890. ’ 91.
’92.
’93.
’94.
’ 95.
’ 96.
’ 97.
Summerfield to Virginia, was formerly the Kansas City & Beatrice. Per cent.......5 3'07
7‘40 6*90 8’65
8’00
4 ‘89 3 ’74 2 99
Branches, 12 miles. Total, 174 miles. A reorganization of the K. C.
E arnings
year ending June 30, 1898,
Wyandotte & N. W., foreclosed Jan. 5, 1894. Stock, $3,500,000 (par $2,249,269; .—In $757,059; other income, $9,323; gross earnings were
net.
interest and rentals.
$100), controlled in interest o f Missouri Paoiflo Ry.—V. 59, p. 152.
$409,39 3; dividends, $355,740.
B onds.—Mortgage for $3,500,000 (Mercantile Trust Co., N. Y.,
K a n sa s City Suburban B elt R R . —( See Map J —R oad —Ex trustee) issued m July, 1894. Of the bonds, $900,000 are series “ A,”
“ preferred” as to principal and interest, and are redeemable after 5 tends from Second St. and Broadway around Kansas City, via the East
Bottoms and the valley of the Blue and Brush Creek, providing
years at 105. Car trusts June 30,1896, $450,681.
Kansas City,
E arnings.—For year ending June 30, 1897 (on 174 miles) gross terminal facilities for the railroads centering atsuburbs along ana
manufacturing
the
$360,264; net, $78,464; other income, $7,343; total deductions, $97,- furnishes quick transit from theUnion Terminal RR., in Kansas City,
Blue Valley. By connection with
317; balance, deficit, $ LI,510. In 1896-7, net, $19,590. In 1898, Jan. Kansas, this road also reaches the West Bottoms by a system of via
1 to June 30 (6 months), gross, $169,907 in 1898; in 1897, $155,314.
ducts, and here makes direct connection with every road entering
K a n s a s City Sc O m ah a B y .—Owns Stronburg to Alma, Neb., Kansas City from northwest, west and southwest. The St. Louis & 8.
150 miles, and MoCool Junction to K. C. & Omaha Junction, 44 miles. F. RR. will use the terminals of K. C. S. B. RR. for entrance into Kan­
R eorganization .—Reorganization Committee: Anthony J. Thomas, sas City, and the Belt RR. will do its switching.
Thomas B. Williams, E. Ellery Anderson, E. C. Benedict, Isidor WormOrganization .—In 1892 consolidated with the Consol. Terminal Ry
ser and 8. L. Parrish; depository, Central Trust Co., N. Y. The road Co., and in January, 1893,boughttheentire capital stook of the Kansas
was sold in foreclosure July 8,1896, and purchased by the committee City & Independence Air Line Company. (V. 55, p. 995J Also owns all
for $150,000. To make the purchase and for repairs, etc., the bond­ but six shares of the $2,000,000 stock of Union Terminal RR
holders were assessed $l<)0per bond. The K. C. &Omaha Railway has
In July, 1898, had thirty-year contracts for the use of the Belt tracks
been organized, but complete reorganization will be deferred.—V. 64, with the Kan. City Pitts. & Gulf, K. C. & Nor. Con., St. Louis & San
p. 567. The line was formerly in Union Pacific system.
Fran, and St. Jos. & Grand Island; a so contract with Chicago Gt.
E arnings.—Since Nov. 1, 1896, operated independently by St. J. & West, and contracts with two other roads were expected to be closed
within thirty days.—V. 67, p. 125.
Gr. Island under operating agreement.
Dividend of 2 per cent in stock was paid Nov. 1,1893, and 2 p. c. in
Jan. 1 to Oct. 7 (944 months), gross, $183,980 in 1898; in 1897,
stock in June, 1894; in 1898, Jan., 1% p. c. Trustee of the Suburban
$192,820. For year ending June 30,1897, gross, $196,026; net, $57,590; total deductions, $137,140; balance, deficit, $79,550. In 1895-96, Belt mortgage is the Missouri Kansas & Texas Trust Co., of Kansas City.
Of the $1,550,000 Un. Term. 1st 5s of 1893 issued, $250,000 are
gross, $89,543; deficit under operating, $10,939. (V. 64, p. 567.)
K a n s a s City Osceola Sc Sou th ern B y .—Owns Knoche Junc­ held in treasury of K. C. Suburban Belt.
E arnings.—For year ending June 30,1898, earnings paid interest
tion to Osceola, Mo., 108 miles; trackage, Kansas City Suburban Belt,
4 miles, into Kansas City. Extension Osceola to Bolivar, Mo., 40 and 1 ^ per cent on stock, leaving about $44,000 surplus. (V. 67, p.
miles, about completed in October, 1898. Kansas City to Osceola, 112 578.) Jan. 1 to Oct. 7(944 months), gross,$394,346 in 1898, against
,
miles, operated as a part of the St. Louis & San Francisco system from $290,132 in 1897. N.Y. office, 36 Wall St.—(V. 67, p. 12 > 578.)
Sept. 1, 1898, under a 25-year traffic agreement, to extend over the
K a n sa s City W a tk in s Sc G n lf B y .—Completed in 1892 from
entire line when completed. Stock, $2,000,000; par $100. Year end­ Lake Charles, La., northerly to Alexandria, 98 miles; branch s 3




74




INVESTORS’

SUPPLEMENT.

[V o l . LXVII

STOCKS AND BONDS
RAILROAD
October, 1898.]



76

INVESTORS’

SUPPLEMENT.

|Vo l . LXV1I,

Subscribers w i l l con fer a great fa v or by g iv in g im m ed ia te notice o f an y error discovered In tbese T a bles.
Bonds—Prill ciINTEREST OR DIVIDENDS.
pal.When D ue»
Rate per When Where Payable, and bj Stocks—Last
Whom.
Dividend.
Cent. Payable

_______________RAILROADS._______________ _ Miles Date Size, or
Amount
Par
of
For explanation of column headings, &e., see notes of
Outstanding
Road. Bonds Value.
on first page of tables.
$100 $1,700,000
Kentucky <tIndiana Bridge—Stock..........................
1894
751066
Receivers’ certificates, $100,000............................
1,000,000
1881
1st mort., gold, $250,000, gu. by City of N. Albany
600,000
1889
2d mortgage, gold.....................................................
400,000
1886
Terminal mortgage, gold.......................................-100
1,524,600
162
Keokuk & Des Moines—Preferred stock, 8 per cent
2,750,000
162 1878 100 &o.
1st mortgage, interest guar. C. R. I. & P ............. o*
100
4,000,000
Keokuk < Western—Common stock, $5,000,000....... 148
&
275,000
Mortgage notes of 1886, ’94 and '9 5 .....................
1,000
1898
m
1st mortgage, $2,500,000, 4 per cent............ M p
1,000
378,000
1891
Kewaunee Green Bay < Western—1st m ortgage...c
&
1,000
572,000
Kingston A Pembroke—1st M. ,gold,(redem. at 105). 113 1882
1,000
2,000,000
66 1885
Knoxv. < Ohio—1st mort., sold;, guar, by rent. o*<fcr
£
100 11,840,000
B ake E rie & W estern—Com. stock, $20,000 p. m. 7 25
100 11,840,000
Pref. stock, 6 per cent (not cum.) ($20,000 p. m .). 725
1,000
7,250,000
1st mortgage, ($10,000 per mile) gold............. .c* 725 1887
1,000
3,625,000
2d mort., for $3,625,000 ($5,000 per mile) gold.e 725 1891
100 49,466,500
Bake Shore & M ichigan Southern—Stock------100
533,500
Guar. 10 per cent stock (Mich. So. & No. Ind.) ...
1,000
*1,041,500
Lake Shore div. bonds (Buffalo to Toledo, O.)— c 258 1869
1,000
*9,529,000
Consol. 1st mort.sink.fund $250,000 yearly.c&r 859 1870
1,000 *8,986,000
Consol. 2d mort.
do
.............................. o<
fcr 859 1873
1897 1.0Ö0&C 27,412,000
New mortgage, $50,000,000, gold................o*&r
1,000
924,000
55 1876
Detroit Monroe & Toledo 1st mortgage, guar..-c
1,000
400,000
37 1890
Kalamazo & White Pigeon 1st mort.. guar..........c
1,000
79,000
41 1889
Bat. Or. & Stur. 1st M., g.,guar. p. & i.(see M.Cen.)
322,000
29 1889
Sturgis Goshen & St. L. 1st mort., g., p. & i. guar.
100
610,000
58
Kal. Allegan & Gr. Rapids stock, rental guar.......
1,000
840,000
58 1888
1st mortgage, guaranteed....................................c
26
300,000
Erie & Kalamazoo (l’sed) st’k, Toledo to Palmyra
1,000 x l , 000,000
48 1871
Cin. & Springfield 1st mort., p. & i. guar........... c
if Interest on registered bonds is payable Q.--J.; on eo upon bo nds J. & J.
of 1897
x Additional to $1,000,000 guara nteed by C. C. C. & St. L.
miles. Mortgage trustee, Farmers’ Loan & Trust Co. Stock author­
$10,000,000-par $100. On June 30,1894. stock for $1,967,400
was outstanding. In April, 1896, floating debt was about $100,000.
Interest has been in default since July, 1895. Henry B. Kane, as Re­
ceiver, took charge March, 1898. Foreclosure pending. (V. 67, p. 73.)
Sew York Committee.—W. H. Male, D. O. Eshbaugh and Theron G.
Strong; Secretary, H. R. Wilson, 41 Wall St., N. Y.; depository. Met­
ropolitan Trust Co., N. Y. Philadelphia Committee depositary is Girard
Life Ins., Annuity & Trust Co., Philadelphia. For year 1896-7, gross,
$141,897; net, $29,243, against $51,270 in 1895-96. (Y. 67, p. 73.)
K a n s a s M idland. R y .—Road from Wichita to Ellsworth, Kan.,
107 miles. Road opened in 1887. Leased in 1888 to old St. Louis &
San Francisco, but not included in reorganization of that property.
Receiver is A. L. Wolff, Wichita, Kan. Sale was ordered in May, 1898.
IV. 66, p. 900.) Capital stock, $3,004,200. First mortgage bonds,
$1,608,000; income 6 per cent bonds (at $10,000 per mile), $1,072,000.
St. L. & San Fran, owns $2,026,850 of the stock and $688,000 incomes.
—V. 65, p. 925; V. 66, p. 900.
K e n tu c k y Sc In d ia n a B rid g e C o.—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. and N. Albany
Street Car Co. The New Albany Belt & Terminalroad was acquired by
Louisv. Ev. & St. L. in February, 1897. - V. 64, p. 423.
R eceivers .—John MacLeod, F. W. Tracy and S. M. Felton. Balt.
& Ohio S. Wy the Southern Ry. and Louisville New Albany &
Chicago (now Chicago Indianap. & Louisv.) have acquired a block of
the second mortgage and terminal bonds for the purpose of controlling
the property. See V. 62, p. 1087; Y. 63, p. joo, 601. Foreclosure sale
ordered, subject to first mort.—V. 64, p. 82; V. 67, p. 483, 634.
Interest P ayments .—First mortgage interest due Sept. 11, 1896,
was paid Nov. 11,1897, at Louisville Trust Co. of Louisville, Ky.
E arnings .—For year ending June 30, 1898, gross, $271,036; net,
$86,069; charges, $109,505; balance, def., $23,436. In 1896-7, gross,
$220,635; net, $64,895. (V. 64, p. 82; V. 65, p. 620,976; V. 67, p. 483,
634.)
K e o k u k Sc Des M oin es B y .—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
cent of the gross earnings, but guarantees the interest (not the prin­
cipal) on the bonds. Stock is $1,524,600 8 per cent preferred and $2,600,400 common (par $100), a majority of which is held by the lessee.
D ividends .— ) 1893.
1894.
1895.
1896.
189/.
........
On pref. p. c. )
2-4
95 cts.
90 cts.
None.
Rental for year to Mar. 31: In 1892-93, $151,700; in 1893-94, $151,624; in 1894-95, $137,500; in 1895-6, $139,521; in 1896-7, $137,500.
K e o k u k Sc W estern R R .—Alexandria, Mo., to Van Wert,la., 143
miles; operates to Keokuk, 5 m.; Des Moines, Iowa, via Van Wert to
Cainsville, Mo. (former Des Moines & K. C.) 112 miles. Extension pro­
posed from Cainsville south to a connection with K. C. & Nor. Con.
near Pattonsburg, Mo. In August, 189^, surveys had been completed,
and it was said construction would be commenced at once.
In 1895 the entire capital stock and bonds of the Des Moines &
Kansas City were purchased, and in April, 1898, the road was absorbed
by consolidation. Advances on account of Des M. < K. C. to J an. 1,
fc
1898, $400,000. Bills payable Jan. 1,1898, $755,000.
Funding Plan.—New mortgage of 1898 (4s) provides for funding
indebtedness of company occasioned by purchase of D. M. & K. C.,
widening its gauge, and betterments thereon, and also from time to
time on K. & W. line; also in settlement of tax suits. V. 66, p. 1189.
On October 17,1898, no bonds had been sold.
D ividends . - ) 1888.
1889-90.
1891.
1892 to Apl. 1898 incl.
Per cent. > 1
0
2
2 p. e. yearly (A&O)
In 1898 dividend periods were changed to J. & J.
E arnings—7 mos;, j 1898................... Gross, $304,836’; net, $61,151
Jan. 1 to July 31. ) 1897................... Gross, 302,575 ; net, 61,003
A nnual R eport .—Report for year ending Dec. 31,1897, was in V.
66, p. 1233, showing gross, $417,751; net, $100,840; interest on notes,
$19,303; construction and equipment, $19,089; dividends (2 p. o.),
$80.000; balance, deficit, $17,552. In 1896, gross, $395,281; net,
$120,043. President, Thos. De Witt Cuyler. (V. 66, p. 1 233.)
K in g s to n Sc P em b rok e B y .—Owns from Kingston, Ont., Can., to
Renfrew on the Can. Pac., 104 miles; branches, 9 miles; total, 113 miles.
In October, 1894, Joseph Bawden, of Kingston, Ont., was appointed
receiver. In August, 1898, a bill had been passed by the Canadian
Parliament providing for reorganization and the issuance of new se­
curities, contingent upon the payment by the company o f interest on
existing 1st 6s to Jan. 1, 1899. See plan in V. 67, p. 274. Stock,
$4,408,000; par, $50. Bonds outstanding $572,000 30-year 1st, 6s,
J &J, due Jan. 1,1912. In year 1896-97, gross, $122,804; net, $21,142.
K n o x v ille Sc B risto l B y .—Successor in April, 1898, of the Mor­
ristown & Cumberland Gap RR., sold in foreclosure February, 18v8.
Road operated from Corryton, Tenn., to Morristown, 40 miles. When
completed w ill run from Knoxville via Corryton and Bean Station
(embracing 29 miles of present line) to Bristol, 120 miles, the remain­
der of the present line to constitute an 11-mile branch to Morristown.
Stock, $1,000,000. Bonds, $1 .OOO.ooo, authorized. Security & Trust
Co., Camden* N. J., trustee. President, B. J. Woodward, 119 South

iz e d




5 g.
5 g.
5 g.
See text.
5
2
6
4
5
6
6 g.

M. & 8. March,’97,coup.last pd. Mar., 1911
A. & O. Apr., ’93, coup, last pd. April, 1919
J. & D. June,’93,coup, lastpaid Dec., 1916
See text N Y., Office, 13 Wm. St. Jan. 15,1895'
A. & O.
do
do
Oct. 1, 1923
J. & J. N. Y., Cuyler, M. & Co. Apr. 1, ’98,1%.
Option o f Co.
A. & 0. N. Y., Metropol. Tr. Co. Apr. 1, 1948J. & D. N. Y., Office 40 Wall St. June 1, 1921
J. & J.
In default.
Jan. 1, 1912
.J & J. N.Y., J. P. Morgan & Co. July 1, 1925

Q.-F. 15 N.Y. Office, 80 Br’dway.
J. & J. N. Y „ Chase Nat. Bank.
J. & J.
do
do
F. & A. N.Y.,Grand Cent. Stat’n
F. & A.
do
do
A. & O. Coupons payable by
Treasurer at Gr’ d
ir
J. & D.
Central Station,
J. & D.
N. Y.
F. & A. Registered int. on
J. & J.
con.1st and 2ds by
Union Trust; oh
J. & D.
J. & D.
new S^s by U. S.
A. & O.
Trust, N. Y.
J. & J. *
T
10
F. & A. fS. Y., Gr. Cent. Station.
A. & O. N. Y., J.P.Morgan & Co.
7
* After deducti ng amounts deposited u

5 in 1898
5 g.
5 g.
6*2 in ’98
10
7
7
7
3 ^ g.
7
5
3 g.
3 g.
5-95
5

Nov.15,’98,114,
Jan. 1, 1937
July 1, 1941
J’ly 2 9 ,’98,3i2Aug. 1, ’98, 5%.
Apr. 1, 1899
July 1, 1900
Deo. 1, 1903
June 1, 199T
Aug. 1, 1906
Jan. 1, 1940
Deo. 1, 1989
Deo. 1, 1989
Oct, i898
July 1, 1938
Aug., ’98, 5%.
Apr. 1, 1901
nder mortgage-

Fourth Street, Phila., Pa.; P. H. Pouder, Auditor and Asst. Treas.
Morristown, Tenn. (V. 66, p. 810.)
K n o x v ille Sc O hio B B . —Owns from Knoxville, Tenn., to Jellico,.
Tenn., and branch, 69 miles. Operated by Southern Railway as part
of its system. Stock is $1,122,200; par, $100. Southern Railway
owns $1,117,300 of the stock nearlv all pledged under its consolidated
mortgage of 1894. E arnings.—Year ending June 30, 1896, gross,
$496,126; net, $224,863; interest, $120,000; balance,surplus, $104,863In 1894-95, gross, $464,665; net, $143,389; interest, $120,000.
L a k e E rie Sc W e ste rn R ailroad. R R . - f See Map).—Owns San­
dusky, O., to Peoria, 111., 420 miles, and branoh to Minster, 10 miles;:
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to Rushville, 133 miles; total owned, 725 miles, of which
701 steel; leased from Oct. 1,1895, the Northern Ohio RR., Akron to'
Delphos, 167 miles; total operated, 892 miles.
H istory , E tc .—Formed in 1887 after foreclosure of the Lake Erie
& Western Railway. (See V. 50, p. 590.) The terminals at Indianapolis,
Peoria, Fort Wayne and New Castle are operated partly under lease.
The company lets about 74 miles of trackage and terminal rights, re­
ceiving about $35,000 yearly. In September, 1895, purchased the
stock of the Northern Ohio, which is to be extended from its present
terminus, Akron, 0 .,to New Castle, Pa., under the charter of the Cleve­
land & New Castle R y.—which see. In Oct., 1898, $1,025,000 addi­
tional 2d mort. bonds were sold to provide air brakes and automatic
couplers and other equipment^ and pay off the floating debt, making
total amount outstanding $3,625,000. V. 67, p. 736, 788, 842.
D ividends since ’915 Year...... 1892. ’93. ’ 94. ’95. ’96. ’ 97. ’98.
on preferred.— )P . ot....... 4%
5 5
5
5
5
5
Bonds.—Abstract of first mortgage (Central Trust Company and A. L..
Mason, trustees), in V. 46, p. 45; of 2d mortgage (Cent. Trust Co. of N. Y.
and Robt. C. Bell of Ind., trustees), in V. 54, p. 444. Guarantees $2,500,000 Northern Ohio 5s—see that company.
Latest E arnings.—For 9 months ending Sept. 30, 1898, expenses'
partly estimated:
Gross.
Net.
Charges.
Dividends.
Surplus.
$2,562,453
$1,032,786
$557,267
(3%%) $444,000
$31,519
annual R eport .—Fiscal year ends Deo. 31. Annual meeting is held
at Peoria on first Wednesday in October. Annual report for 1897 was
given in V. 67, p. 121. The traffic is well distributed, only 6 per cent
being coal. Average rate perton per mile in 1897 was 0-604 cent.
Year end. Dec. 31.
1897.
1896.
1895.
1894.
Gross earnings......... $3,439,397 $3,344,274 $3,519,104 $3,345,403
Net earnings............... 1,234,147
1,198,097
1,368,675
1,251,902
Interest on bonds.......
492,500
471,708
467,500
455,333
............
North. Ohio int. guar..
125,000
125,000
Dividends...................(5)592,000 (5)592,000 (5)592,000 (5)592,006
Balance, surplus.
24,647
$9,389
$309,175
$204,569
OalvinS. Brice, N .Y .,Pres’t. (V. 66, p, 4 2 4 ; V. 67, p. 1 21,736,788.>
Lake Shore Sc M ich ig a n Southern R a i l w a y (See Map
N. Y. Central.)—Operates from Buffalo to Chicago with branches. The
system, well shown on the map, is made up as below. The main line
(540 miles) includes 26 miles between Toledo and Palmyra, Mich.,
under lease from the Erie & Kalamazoo.
Leased, [ifsee this Co..] Miles
Road owned directly.
Miles.
58
Buffalo, N. Y., to Chicago, H I..540 Kalamazoo A. & G. R ...
Jamestown & Franklin.......... 51
Sundry branches....................... 327
Mahoning Coal R R ...............
50
Entire stock owned.
Detroit & Chicago (see below). 26 Erie & Kalamazoo (26 m .)....T e x t.
1 65
Detroit Monroe & Toledo........ 55 Detroit Hillsdale & S. W ... 1
Kalamazoo & White Pigeon... 37 Fort Wayne & Jackson........ ft 98
Northern Central Michigan___ 61
Grand tot. oper. Jan. 1 ,’97.1,404
Sturgis G. & St. L ....................... 36
Alan owns 8 miles, Silver Creek to Dunkirk, leased to N. Y. C. & St. L.
Of the main line 490 miles has double track. By control of “ Nickel
Plate” the Lake Shore has still another line from Buffalo to Chicago.
On Dec. 1,1897,26 miles of Detroit & Chicago were sold to Detroit &
T.inrin. Northern, and 9 miles west of Dundee abandoned.—V. 66, p. 1044.
Organ ization , &c.—A consolidation on Aug. 16,1869. The N. Y. Ch. &
St. Louis (Nickel Plate) road has been controlled by ownership o f
stock since 1882, Lake Shore now owning $6,240,000 of its common,.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock
The company also controls and leases the Mahoning Coal UR. [see Lake
Shore “ System” belowl and owns (besides the entire stock o f the pro­
prietarylines) $2,675,696 Pittsburg & Lake Erie stock. A Vanderbilt
road having a large competitive business. The N. Y. C. & H. R. RR.
Co. in 1898 had acquired about nine tenths of the capital stock, as
stated below. Dividend was increased from 3 to 3 L p. 0. in July, 1898.
a
Ca p it a l Sto c k .—The stock has remained at $50,000,000 since
1871. The guaranteed stock of $533,500 carries 10 per cent dividends»
D ivid en ds .—Since) 1888 1889 1890 1891 1892 1893-1897 1898
1887.
P .C t j 4
5
5
6^
6 yearly
6^
B onds .—Interest on the consol, first mort. is paid on coupon bonds
J. & J., on registered bonds Q.—J. The first consol, or bonds prior
thereto are redeemed each year by $250,000 sinking fund.
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 cent gold bonds, tax free, authorized to retire the several issues o f

BONDS
AND
STOCKS
KAILROAD
O c t o b e r , 1898. J




in

INVESTORS’

SUPPLEMENT.

[VOL. LXYII,

Subscribers w i ll con fer a great fa v o r by g iv in g im m ed ia te n otice o f a n y error discovered in these T a bles.
Bonds—Prinoi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
For explanation of column headings, &c., see notes of
Par
of
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
on first page o f tables.
Road. Bonds Value.
Cent.
WTiom.
Dividend.
_
Lake Shore System—Mahoning Coal RR.—Stook_
$50 $1,500,000 10 in ’98 F. & A. N. Y ., Gr*d Cent. Stat’n. Aug. 1, ’98,3%
43
Preferred stock, guaranteed 5 p. o. See tex t.......
50
43
661,850
5
J. & J. N. Y., Union Trust Co. July,’9 8 ,2*a%
1st M., Youngs, to And., etc., guar. p.&i.(end)...o
1,000
43. 1884
1.500.000
5
J. & J.
do
do
July 1, 1934
Lancaster < Chester - 1st mortgage
6
«
500
29 1897
25.000
7 # J. & J.
Jan. 1, 1917
Leavenworth Terminal Ry. & Bridge—1st M., gold.
1,000
1893
600,000
J. & J. N. Y „ Central Trust Co. Jan. 1, 1923
ì g* J. & J. July, ’93, coup, last pd. July 1, 1912
Leav. Top. «6 S. IF.—1st M., *2guar.byAt.&igbyUn.P. "46 1882
1,000
1.380.000
4 g.
Lehigh < Hudson River—1st M.,g.,int.red’c’dto5p.o.
&
42 1881
1,000
800,000
5 e - J. & J. N. Y., Nat. Exoh. Bank, July 1, 1911
2d mortgage, gold.......................................
1,000
63 1887
209,120
J. & J.
do
do
July 1. 1917
Warwick Valley 1st & 2d Ms. ($240,000 2dsj...
Text. ’79-’ 81 500 &e.
i g- A. & O.
385.000
do
do
1900 & 1912
Wawayanda RR. 1st mortgage............
7 1880 500 &o.
65.000
J. & J.
6
do
do
Jan. 1, 1900
L .& Hud. R.Gen.M. $3,000,000, g. (see text) Ce.c*
1,000
1890
1.124.000
do
do
J. & J.
July 1, 1920
Lehigh < New Engl'd—Slate Valley RR., 1st most
6
1886 500 &o.
61,500
J u ly .l, 1916
4 * J. & J.
1st mort., $1,000,000, gold......................
1,000
1895
403.000
5 g- J. & J. Phila., 927 Chestnut St. July 1, 1945
L ehigh V alley—Stock ($106,300 is lOn.a.* r e l ) .
50 40,441,100
1893
1st mortgage, o. and r., extended in g o ld it l 898 itfi 1868
1,000
5.000.
000 4 g. J. & D. Reg.atofflce; ep.Bk.N.A. June 1, 1948
=
2d mortgage.................................................
r 101 1870
1,000
M. & 8. Phila. Of., 228 80. 3d St. Sept. 1, 1910
6.000.
000 7
Consol, mort., J coup. & reg., $4,762,000 4*ss.c&r 285 1873
1,000 10.400.000 4*2 & 6 J. & D. Reg.at office;cp.Bk.N.A. Deo. 1, 1923
$40,000,000, Sannuity, $2,538,000 are 4*28. F P 285 1873
1,000 12.350.000 4*2 & 6 J. & D. Phila.. Of.,228 80.3 d St. Irredeemable.
Mtge. and Coll, tr., g., call at 107*2........ u P.c*&r
1,000
1897
4.950.000
M. & N.
Philadelphia.
May 1, 1997
Lehigh & N. Y., 1st M., $2,000,000, g., gu.p.&i.o*&r 3.Ï7 1895
ì= g. M. & S. Phil.,Leh. Val.Of. & N. Y. Sept. 1, 1945
1,000
2,000,000
4 Sl
Leh.Val. o f N.Y., 1st M., gold, gu. p. &l.(end.)o*&r 283 1890
1,000 15.000.
000 4*sg. J. & J. N.Y.,Merch.N. Bk.&Ph. July 1, 1940
Leh. Val. Ter., 1st M., gold, gu. p. &i., end.. C.o*&r
1,000 10.000.
31 1891
000 5 g- A. & O.
do
do
Oct. 1, 1941
Easton & Amboy,1st M.Easton to P.Amboy,gu.V
1,000
60 1880
5
6,000,000
M. & N. Phila., Of., 228 So. 3d St. May 1, 1920
Easton & No., 1st M., gold, guar, by L. Val..o*<fcr
12 1895 500 &o.
4iflg. M. & N. See Off., 228 So. 3d St. Nov. 1, 1935
51.000
Delano Land 1st M., gold,guar., s. f. *30,000y’ly
1892
1,000
1.148.000
5 g. J. & J.
do
do
Jan. 1, 1932
Middlesex Valley, 1st mort., $600,000, gold___c* "22 1892
1,000
M. & N. N. Y., Central Trust Co. Nov. 1, 1942
375.000
Penn. & N. Y. Can. & R R .—ls tm ., endors...c*&r.
1,000
1866
1.500.000
7 g" J. & D. Phila., Bk. N. America. June 1, 1906
Consols (seetext) guaranteedp.& i.(end.).G Pr
1,000
1888
8.500.000 4, 4*2, 5 A. & O. Phila., Lehigh Val. RR. Apr. 1, 1939
Elmira Cortl’d & No. 1st pref. mort., gold........ o* 3.20 1884
1,000
750.000
do
do
Apr. 1, 1914
6 g- A. & O.
1st M., gold, guar. p. & l. (end.)........................
1,000
120 1884
1.250.000
do
do
Apr. 1, 1914
5 g. A. & O.
Oana.No.lstM., g.,gu.p.<fci.byE.C.&N. (V.66,p.82)
1886
300.000
do
do
July 1, 1906
6 g. J. & J.
Morris Canal stock, 4% guaranteed 999 years....
100
F. & A. Phil, office, 228 S.3d St. Aug., ’98, 2%
4
1.025.000
Preferred stock, 10 p. c., guar. 999 years..........
100
F. & A.
10
1.175.000
do
do
A u g .,’98, 5%
7s maturing from 1898 to 1903 (see a b s t r a c t in V. 64. p. 1 1 8 2 )
L eh ig h & H u d so n B lv e r B y .—Owns from Greycourt, on Erie
amounting to $43,192,000, and the balance, $6,808,000 for use in re RR., to Belvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
funding said bonds and for general purposes of the company. The lines ; Orange County RR. (entire stock owned—no bonds issued), Hudmortgage covers 829'54 miles of main line and branches—a consid­ sou Junction to Maybrook, N.Y., on P. R. & V. E. (Poughkeepsie Bridge,
erable portion being double tracked—and 181-11 miles o f leased lines.
3 miles; S. E. & P. RR., Phillipsburg to Easton, 1 mile ; trackage,
The refunding of the first 7s into new
per cent consols will effect Penn RR., Belvidere to Phillipsburg, 13 miles ; total oper., 90 miles.
a saving in interest charges, when entire $50,000,000 are outstand­
Securities
par,
Valley
ing, of $1,273,440 a year. See refunding plan in Y. 64, p. 469, 610, mort, covers .—Stock, $1,340,000; bonds$100. Warwick 1,1900 ; 1st
15 miles of
mature October
2d
and also V. 66, p. 82. To Oct., 1898, $27,412,000 of 3^8 had been mortgage covers 22 miles road and
and bonds mature April 1, 1912. Loans
listed—Y. 66, p. 1140.
and bills payable June 30,1898, none; car trusts, 6s, $46,000.
Guaranties .—A s to guaranties additional to those shown in table
The general mortgage is for $3,000,000, of which the amount out­
above see Detroit Hillsdale & S. W. and Fort Wayne & Jackson.
standing was increased in 1898 from $584,000 to $1,124,000 to pay
G eneral F inances.—Nothing has been charged to construction or the floating debt. At the same time, of the $1,124,000 outstanding $1,equipment account since L883, the outlays charged to operating ex­ 062,000 were guaranteed jointly, prin. and interest, by the Cent. RR
penses for new equipment amounting in 1897 to $349,280, and in 1896 of N. J. and Leh. Coal & Nav. Co. An additional $1,535,000 are re­
to $816,302 and for construction to $245,179 in 1897, against $126,- served to take up prior liens and $330,000 for extensions or acquisi­
223, these items being exclusive of expenditures for renewals. Profit tions of connecting roads. See form of guaranty, etc. in V. 67, p 788.
and loss surplus Jan. 1,1898, $7,551,832. Low grades permit large
A nnual R eport .—Fiscal year ends June 30. Report for 1896-97
train loads ; average for 1897, 321-1 tons, against 321-6 in 1896.
was in Y. 65, p. 325; coal and coke formed 51 p. o. of total tonnage.
In June, 1898, $23,636,000 of the 7 per cents due in 1903 and
Year.
Gross.
Net.
Orange Oo. Net. Charges. Bal.,Sur.
earlier had been converted on certain terms (see V. 64, p. 469, 610,) 1897-8. ...$366,756
$180,336
$2,830
$143,842 $39,324
into new 3*28, thus reducing fixed charges $696,100per annum, or 1-4 1896-7 . . . . 327,078
144,694
53
142,095
2,652
per cent on the capital stock.—V. 66, p. 896, and editorial, Y. 67, p. 54.
Grm nill Burt, President, 80 Broadway, N. Y. City.—V. 67, p. 788.
In Feb., 1898, a majority of the capital stock was purchased by the
N. Y. C. & H. RR., which gave in exchange its 3*2 p. c. bonds at the L eh ig h & N ew E n g la n d R R . —Operates road from Slatington
rate of $200 in bonds for $100 in stock, and offered to take the minor­ Pa., to Campbell Hall, N. Y., 96 miles, of which three sections, aggre­
ity interest on the same terms. These coll, trust 3*28 of 1898 (author­ gating 44 miles, belong to other companies, leaving 52 miles owned.
ized issue $100,000,000) bear interest from Feb. 1,189*, and are se­ N. Y. Susq. & W. operates New Jersey Division (Campbell Hall to
cured by deposit in trust with Guaranty Trust Co., mortgage trustee, Hainesburg, 61 miles), and Lehigh Valley RR. operates Pennsylvania
of L. 8. & M. 8. stock at the rate of $100 of stock for each $200 of Division (Hainesburg to Slatington, 35 miles.) Campbell Connecting
bonds outstanding. (V. 66, p. 288.) In Oct., 1898, $45,085,000 stock RR. (leased) issued on its 4 miles $500,000 oi 1st M.50-year 5s due 1939.
had been exchanged. (V. 66, p. 1237.)
H istory .—A reorganization July 1, 1895, of the Pennsylvania
E arnings.—Jan. 1 to June 30, 6 months, earnings w ere:
Poughkeepsie & Boston, sold in foreclosure Deo. 14,1894.
6 mos.
Gross.
Net.
Oth. inc
lnt.,tax,ete. Bal.,sur.
Securities
$1,500,000, par $50.
1898......$10,109,609 $3,573,870 $179,407 $1,949,407 $1,803,870 000, of which.—Stock is for improvements and Mortgage is for $1,000,$625,000
exten’s.—(V. 62, p. 134.)
1897...... 9,620,850
3,569,685
100,729
2,170,727
1,499,687 Loans and bills payable June 30,1898, $107,719.
A nnual R eport .—For 1897 was in V. 66, p. 896; see editorial, p. 87*.
Earnings.—For year
TraMc.—Of the 13,662,419 tons carried in 1896, coal and coke con­ $10,927; charges, $9,189;ending June 30, 1898, gross, $71,049; net,
balance, surplus, $1,738.
tributed 31 per cent, ores 9 p. c., grain 7 p. c.
L eh igh V alley R R . —(Nee Map)—Main line, Jersey City, N. J., o p ­
Year end. Dec. 31—
1897.
1896.
1895.
N. Y., 444
to Audenried,
Total gross earnings............ $20,297,721 . $20,193,957
$21,016,035 posite N. Y. City, to Buffalo, 732 miles ;miles; branchesYork RR., 115
Oper. exp. & taxes........... . 13,542,491
13,726,155
14,568,219 Tomhicken, Hazleton, &o., Railroad, 24Lehigh; & New
miles ; State Line & Sullivan
miles total main line, 1,315
branches,
system 2,155 miles ; second
Net earnings.*............... $6,755,230
$6,467,802
$6,447,816 miles; 542 miles. etc., 853 miles. Total 13*6 miles; N. Y. Central, 15
track,
Trackage:
Net, incl. oth. inc’me............. 7,150,851
$6,822,614
$6,860,794 miles; sundry trackage, 31-8 Penn. RR.,
miles.
Rentals paid.........................
635,895
629,119
644,759
H istory , E tc .—In March, 1897, arranged with J. P. Morgan & Co.
Interest on debt.................... 2,716,348
3,117,745
3,134,370
Divid’ s on guar, s’k.............
53,350
53,350
53,350 of N. Y. for a general readjustment of finances, including the holding
Dividends.............................(6)2,967,990
(6)2,967,990 (6)2,967,990 of voting power for a large block of the stock.—See V. 64, p. 517,
754. For list of securities owned see V. 66, p. 187.
Sumlus over divs...............
$777,268
$54,410
$60,325
Coal P roperty .—The Lehigh Valley RR. Co. owns 3,619 acres of
—(V. 66, p. 8 9 6 , 1002,1044, 1045,1140, 1237; V. 67, p.428.)
coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.
which in December, 1893, owned anthracite coal and surface lands :
L a k e S h o r e S y s te m .—M a h o n in g C o a l I t i t — Owns from
Youngstown to Andover, O., and branch, 50 miles. Leased in perTotal acres. Coal acres.
Est’d. yield.
etuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1, Owned in fee.................................. 15,217
7,242
124,000,000
898, owned $865,900 common and $399,500 preferred stock.
Perpetually leased........................ 8,123
5,741
111,000,000
Term leases..........................
1,708 1,708
47,00^,000
D ividends .— > 1889. ’90. ’ 91. ’ 92. ’93. ’ 94.
’95 to A u g .,’98.
Controls through stock ow ned.. 9,229
4,519
50,000.000
On common.
5 4*2%
5
4% 8 ^
8 8 10 (Feb.7%,Aug. 3%)
Collieries 54, daily capacity about 30,000 tons. (V. 62, p. 364.) The
The preferred stock certificates are 5 p. c. guaranteed and contain
Hazelton Coal Co. (chartered in 1896) stock is owned and its $2,000,a clause making them redeemable at par at option of company.
For 1897, rental, $280,474; surplus over int. and 10 p. c. on com. and 000 first mortgage 5s also owned are guaranteed—see V. 64, p. 137.
The Coal Co. shipped frorii collieries owned 2,613,725 tons in 1896
5 p. c. on pref., $20,854. In 1896 rental $268,396. (V. 66, p. 8 9 7 .)
97, 2,819,757 tons in 1895-96, 2,619,960 tons in 1894-95Lan caster & Chester I t y . —Narrow Gauge—A 3-foot gauge road
D ividends .— ) ’ 86. ’ 87. ’ 88. ’ 89. ’90. ’ 91. ’ 92 ’93. none
from Chester to Lancaster, S. 0., 29 miles. A reorganization in Aug
41
a
5
5
5 5 5H 4
since.
1896, of the Cheraw & Chester RR., foreclosed. Stock $50,000: oar' Since’ 85. P. ot. j 4
B onds.—The $15,000,000 mortgage and col. trust j s of 1897 were au­
$50. Yice-Pres., W. H. Hardin, Chester, S. C.—V. 63, p. 458.
g
improvements,
L ea v e n w o rth T e r m in a l R a ilw a y & B rid g e .—Owns high­ thorized to provide for floating debt and for futurethan 5
rate of interest
way and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over $7,000,000 (which may bear a lower acquisition of stocks or per cent)
being reserved for improvements or
bonds of
Missouri River at Leavenworth, Kan., and valuable terminal property other companies at $1,000,000 a year after 1900. The mortgage
in that oity. The mortgage contains a sinking fund provision. Kan­ covers 79 i ‘69 miles of single track, including branches and sidings,
sas City St. Joseph & C. B. (Chicago B. & Q.) and Chicago R. I. & p.
also stocks and bonds
use the bridge at an annual rental of $16,000 each, under a 30-year real estate in Philadelphia, andwith lien prior to theseof various com ­
bonds
bonds
oontract from 1894, and Chicago Gt. Western from Sept. 1,1895, for 30 panies. Lehigh Valley lien bonds issued, but not to increase themay be
extended or new prior
aggre­
years; rental $17,500. Capital stock, $600,000. (V. 61, p. 556.)
gate principal sum or rate o f interest of such bonds except as provided
L ea v en w o rth T o p ek a & Sou th W e ste rn B y .—Owns from in the consolidated mortgage. List of collateral pledged to secure
Leavenworth tc Meriden Junction, in Kansas, 47 miles. C. T. MoLellan bonds was given in V. 65, p. 1114—see also V. 66, p. 187. The bonds
appointed receiver April 20,1894. Bill of foreclosure filed in April. are subject to call at 107*2 p. c.—see “ General Finances ” below.
1894. Stock, $1,380,000. Coupons due Jan. 1,1894, not paid. Accounts
G
e
Easton.
payable $1,046,350 Jan. 1,1894. In 1895-6 gross $43,741; defloit from Pa.,uaranties .—Easton < Northern RE.—Road from Belfastto 4 miles,
8 miles; branch to Lehigh Valley RR. at South Easton,
operating $4,2 1 6 .-V . 62, p. 186.
Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62, p.135.)
L eb a n on Springs R a ilw a y .—Chatham, N. Y., to Bennington
Elmira Cortland < Northern RE.—This road, with the Oanastota
6
Yt., 51 miles. Operation discontinued on July 30, 1897, by order of Northern, runs from Elmira to Canastota and Camden, N. Y., 140
RR. Commissioners, owing to unsafe condition, but reopened Dec. 14 miles. The stook, $2,000,000, is owned—V. 62, p. 364,1177.
1897, between Berlin and Petersburgh Junction, 11 miles. Capital
Lehigh Valley Railway Oo. o f New York.—Owns Buffalo, N. Y., to near
stock $1,340,000. Receiver appointed April 22,1897; Elnathan Sweet Sayre, Penn., 175 m. double track, a id branches to Ithaoa, Auburn,
is now receiveri Receiver’s certificates, $20,000, have been issued. etc., I l l miles; total, 283 miles. Stook all owned by Lehigh Val. RR.
In year 1896-7, gross, $48,168; def. underoper, exp., $240.
Mortgage abstract in V. 51, p. 114. (V. 65, p. 412,1071.)

f




BOOTS
AN D
STOCKS
BAELEOAO
O ctober , 1898.1




80

INVESTORS’

SUPPLEMENT.

[ V ol . LXVII,

Subscribers w i l l con fer a great fa v o r by g iv in g Im m ed iate notice o f an y error discovered In these T a b les.
Bonds—Prinol
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due
Amount
For explanation of column headings, &c., see notes of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
alley ~( Con.)—Snow Shoe, 1st M., not guar.r . . . .
$500
$400,000
J. & J.
Philadelphia.
Jan. 1, 1910
L.V.CoalCo.lst M.$12,000,000,g.s.f.,not dm.c*<fer
1893 l,000& o 11,637,000
i g- J. & J. N. Y. and Philadelphia. Jan. 1, 1933
L. V., gold, car trusts, $50,000 due each F.&A.e*
1896
1,000
750.000
5 W F. & A. Phil.,Girard L.I.A.&Tr, Feb., ’99-1906
Car trusts, $500,000, due $25,000 each F.&A
1896
1,000
400.000
Philadelphia.
Feb., ’99-1906
Irtxington < Lasi’n—1st M., $1,000,000, gold.Ce.c*
fi
5 g‘ F. & A.
1895
1,000
1 , 000,000
J
mort., gold; incomes to F eb.l, 1900.Co.r
£ g J. & J. N. Y „ J. K. Tod & Co. Jan. 1, 1900
>
92 1895 l.OOO&c
1.500.000
5 g. F. & A. 1 p. ct. paid Aug., 1898 Feb. 1, 1935
Litchfield, Carroll < West.—Receiver’s certificates.
&
125.000
1st mortgage ($10,000 per mile) gold................ c*
*52 1886
1,000
516.000
6 g- J. & J. July,’93, coup, last paid Jan. 1, 1916
Little Kanawha—1st mort., gold, $15,000 p. m .K . .. . . 1898
1,000 None Oct.’i>8
5 g. J. & J.
Jan. 1, 1948
Little Miami—St’k,com.,gu.8 p.c.,99 yrs.,P.C.*St.L.
50
4,943,100
Q.-M./o Cinn.,Office, IstNat.Bk. Sept. 1 0 ’98,2%
8
Renewal mortgage.................................................. .. '8 4 1882
1,000
1.500.000
5
M. & N. N. Y., Bank of America. Nov. 2, 1912
_ Betterment bonus ($3,000,000) convertible........
84 1892
1,000
714.000
7
A. & O.
do
do
Apr. 1, 1932
Little Schuylkill Nav. HR. ¡6 Coal—Stock (rental gu.)
28
....
50
2,487,850
a%
5 g* J. & J. Phila., Of., 410 Walnut J’y l2 ,’98,21
L o n g Isla n d —Stock............................
50 12,000,000
Nov.2,’96,1%
2dmortgage............................................................ ¿i 155 1878 100 &c
268,703
7
F. &
N.Y.jU.S. M ort.* Tr.Co. Aug. 1, 1918
Consol, mortgage, gold, $5,000,000...
156 1881
1,000
3.610.000
do
do
5 g. Q.-.
July 1, 1931
do
<jo
do
. .................... 156 1881
1,000
1.121.000
do
do
4 g. Q.-.
Aug. 1, 1918
General mortgage, g o l d .............................. Ce.o*
163 1888
1,000
3.000.
000
J. &
do
do
June 1, 1938
Metropolitan Ferry Co. 1st M., gold, red. at llO.c*
1887 500 &c
i g. M. &
1.250.000
do
do
5 g’
Nov. 1, 1937
L. I. RR. M. on ferry for $2,750,000. gold..C e.c*
1892
1,000
1.500.000
4 ^ . M. &
do
do
Moh. 1, 1922
Mortgage bonds of 1932 for $500,000, gold........
18 1892
1,000
325.000
J. &
do
do
June 1, 1932
Debenture ($1,500,000) gold, not subject to can..
1894
i g- J. &
1,000
1.500.000
do
do
June 1 ,1 9 3 4
New York & Flushing 1st mortgage, assumed___
2 1880
1,000
125.000
I 8’ M. &
do
do
Moh. 1, 1920
Brooklyn & Montauk 1st M., $250,000 are 6s...c*
76 1881
1,000
1.000.
000 6 g. M. &
5&
do
do
Moh. 1, 1911
2d M., g., assum., Bush. Sta. to Eastp. & brs.c'
76 1888
1,000
600.000
J. &
do
do
June 1, 1938
Long Island City & Flushing 1st M,. assumed..c*
12 1881
1,000
600,000
I s- M. &
do
do
May 1, 1911
Consol, mortgage gold, assumed..................... o’
19 1887
1,000
650.000
do
do
May 1, 1937
5 g. M. &
L eased L ines , P rincipal or I nterest Q ua RANTE ED.
New York & Rockaway 1st mort., int. only guar..
9 1871
500
250.000
7
A. & O.
do
do
Apr. 1, 1901
Smith. & Pt. Jefferson. 1st mortgage, guar. p.& i..
18 1871
500
75,000
M. & S.
7
do
do
Sept. 1, 1901
L.I.RR. No. Sh.Br.cons.M.$l,500,000,gu.p.&i.c*
30 1892
1,000
1.425.000
do
do
5 g. Q .-J .
Oct. 1, 1932
N. Y. Bklyn & Manh. B. 1st consol. M.g., gu. p. & i.
19 1885
1,000
1.726.000
do
do
5 g. A. & O.
Oct. 1, 1935
N. Y. Bay Ext. RR. 1st M. gold, gu. p. &1., end..c
6 1893 $1,000
$ 200.000
5 g. J. & J.
do
do
Jan. 1. 1943
LehighValley Terminal Railway. -Owns double-track road from South X eniaR R ., Xenia, O., to Columbus, Ohio, 55 m iles; Dayton & Western
Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a RR^, Dayton, O., to Indiana Htate Line, 38 miles Ohio State Line to
large water front there, etc.; its stock of $10,000,000 is owned by Le- Richmond,Ind.,4 m.; Cin. St. Connecting RR., 2 m.; tot. operated, 199 m.
Valley RR. (V. 53, p. 640, 880.) Car trusts $1,000,000.
L ease .—On Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
Middlesex Talley.—Naples to Geneva, N. Y., 29 miles. Bonds due (now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
1942, guaranteed, principal and interest (endorsed).—V. 62, p. 134.
renewable forever. The Penn. RR. Co. is a party to the oontract and
Morris Canal. —Leased for 999 years and dividends guaranteed. guarantees its faithful execution. Rental is 8 per cent on $4,943,100
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
stock and interest on debt. There is $100,000 6 per cent permanent
Pennsylvania a New York Canal < Railroad.—Leased for 99 years capitalized deb t; interest J. & J. Lessee’s report for this road shows
£
from December 1,1888, to Lehigh Valley, which has assumed its debt net loss to lessee: In 1894, $221,927; in 1895, $259,044; in 1896,
and owns all its stock. Consol, mortgage bonds of 1888 are reserved to $305,896; in 1897, $230,645. Stock authorized, $8,000,000.
take up prior bonds when due. The consols include $4,000,000 of 5
B onds.—In Jan., 1890, authorized $3,000,000 7s for betterments, and
per cents, $3,000,000 of 4s, $1,500,000 of 4 *33.—V. 62, p. 950.
$3,000,000 stock, into which the 7s are convertible.—V. 64, p. 80s.
Lehigh < New York.—N. Y. State Line near East Waverly to Fair&
L ittle R o c k & M em p h is R R . —Little Rock, Ark., to Missis s'ppi
haven, on Lake Ontario, 115 miles.—V. 61, p. 558, 750; V. 62, p. 134. River, opposite Memphis, 133 miles. Foreclosure sale Oct. 25, 1898,
Rochester Southern RE.—Rochester to Hemlock-Lake, N. Y ,, 30-16 when to be acquired in the interest of the Choctaw Oklah. & Gulf, and
miles. Controlled through ownership of stock. Capital stock is $800.- reorganized as the Choctaw & Memphis (which see)—V. 67, p. 126,529.
000 (par $100); funded debt $425,000.
_ R eorganizatton.—Bondholders’ committee, F. P. Olcott, Chairman,
Lehigh Talley Coal Co.—See- Coal Property” above.
52 Wall Street, N. Y.; Secretary, James H. Smith, 10 Wall St., N. Y.
CAR T rusts.—For 2,000 box cars of 60,000 pounds, in 1896 Depositary, Central Trust Co., N. Y.
were issued $1,000,000 car trusts, maturing $50,000 each Feb. 1 and
Stock , $3,250,000;
August 1 to Feb. 1, 1906, inclusive: mortgage trustee, Girard Life 1897, gross, $377,090;par, $100. E arnings.—Year ending June 30,
other income,
Ins. Annuity & Tr. of Phila. The $500,000, series of 1896, cover 1,000 $19,306; balance, deficit,net, $14,168; 67, p. 126, 529.)$2,311; charges,
$2,827.—(V.
coal cars and a number of stock and combination cars.—V. 62, p. 1087.
L ittle S c h u y lk ill N av ig a tion R R . & G oal.—Owns from Port
General F inances.—In March, 1897, $8,000,000 mortgage and col­
lateral trust gold 5s were authorized (issue to be increased to $15,000,- Clinton to Tamanend, 28 miles; branches, 4 miles. Re-leased on Dec.
1,1896, to Phila.
Ry.
rental
000 after Jan. 1,1900); $5,000,000 of these were sold to J. P. M organ* 7 p. c. on stock to & Read.gold for 999 years, and in Jan ,reduced from
p. o.,
from Jan. 1,1897;
1898, a
Co. to provide at once for floating debt, new construction and working dend of 3 p. c. was5paid; in July, 2 p. 0. Lessee pays also all taxesdivi
and
capital, and $3,000,000 may be so used during the next two or three $5,000 yearly for organization expenses.—see V. 63, p. 1159.
years and $1,000,000 a year for seven years after 1900.— 64, p. 754.
V.
L on g Isla n d R R . —Operates practically all the steam surface
Real estate mortgages, $381,852. The reduction of interest to 4 p. c.
roads on Long Island, adjoining New York City, the system including:
on the 1st 6s, extended in 1898, will save $100,000 yearly.
Owns—
Miles.
Leases— (if Which see.) Miles.
L atest RR.EARNINGS.— >1897-8. Gross, $13,445,393; net, $3,392,436 Long Island City to Greenport. 95
Rockaway............ 5
9 mos., Dec. 1 to Aug. 3L. s 1896-7..Gross, $13,312,207; net, $2,896,664 Long Island City to Gt. Neck.. 14 New York & & Man. Beaeh 11.. 19
N. Y. B’klyn
For same nine months Lehigh Valley Coal Co. showed a deficit Bustiwick to Sag H arbor.......... 95
Gr’t N e ck * Port Washington. 4
from operating of $815,943, against $297,247 in 1896-97.
Sundry branches....................... 80
Annual R eport .—The fiscal year ends November 30. The report for
Total June 30,1897............ 379
1896-97 was given in V. 66, p. 181,186; see also editorial, p. 158.
Total owned...........................284 Double track................................113
Year end. Nov. 30—
1897.
1896.
1895.
1894.
Leases—
Side tracks................................... 127
Earnings from Coal. $8,560,418 $8,623,574 $8,470,859 $8,391,542 B rooklyn * Jamaica R R .......... 10 Operates—earnings kept separate.
7,472,104 6,849,062 5,982,858 North Shore Branch RR........... 30 N. Y. & Rockaway Beach RR.lf 14
Miscel. freight.......... 7,403,471
Passengers................ 2,672,547
2,556,536 2,316,540 2,104,677 Montauk Ext. & N. Y. Bay Ext. 27 Prospect Pk. & Coney Island. 1 10
T
Mail, express, e tc ...
922,630
989,683
927,993
851,517
Organization .—Improvements- I n January, 1897, control o f the
stock was purchased by a syndicate—August Belmont; William A .
Total gross........ $19,559,166 $19,641,897 $18,564,454 $17,330,594
Charles
Pratt; Brown Bros. & Co.;
Op.exps.,ine.rentals 14,413,330 14,710,895 14,028,453 13,320,829 Read;Theodore M. Havemeyer; Strong, Sturgis Charles D. D ickey,
Jr.;
A.
& Co.; Kessler &
G. Bourne; George F. Baker,
Net earnings
$5,145,836 $4,931,002 $4,536,001 $4,009,765 Co.; Frederioextensive plans for furnishingand others. The new man­
agement has
rapid transit direct from
Other income............ 1,036,288
676,159
898,346
841,492 New York City to all points east of Jamaica (covering the distance
from New York to Jamaica in twenty minutes) and
for a tunnel
Total net income $6,182,124 $5,607,161 $5,434,347 $4,851,257 to New York—V. 64, p. 83, 234, 754,1001; V. 65, p. also V. 66, p. 471.
512;
State taxes............
360,000 )
V oting T rust .—More than a majority o f the stock has been de­
Bal. of int. account
25,117 > 673,366
589,694
.........
posited under a voting trust agreement dated Feb. 1,1897, with U.
Loss Mor. Canal, etc
239,935 3
S. Mort. & Tr. Co.—V. 66, p. 520.
Int. and rentals....... 4,744,205 4,484,033
4,294,380
Int. Leh. Val. Coal.
710,204
590,650
596,625
D ividends .— (1882. ’ 83 t o ’90. ’91. ’92. ’ 93. ’94. ’95. ’96; None
Per cent.
¿ 1
4 yearly 4>a 5
5 4%
4
4 since.
Total charges... $6,079,461 $5,748,049 $5,480,699
.......
B onds.—The ferry mortgage for $2,750,000 covers all the real and per­
B alance.................. sur.$102,663 df.$140,888 sur.$46,217
.........
President (July, 1897), Alfred Walter. Finance Committee: Alfred sonal property pertaining to the company’ s ferries (34th Street and
Slip); $1,250,000 bonds being
Walter, E. T.St otesbury, C. H. Coster, E. P. Wilbur and Joseph Wharton James 5s. As to debentures see pagereserved to retire the Metropolitan
2 of Supplement of April, 1895.
—(66, p. 8 2 ,12 9 ,1 5 8 ,18 1 ,1 8 4 ,1 8 6 ,2 3 6 ,5 2 0 ,7 0 9 ,1 0 8 9 ; V.67,p 530.) Ferry
In April, 1898, $1,121,000 additional consol. (4s) were sold to retireL e x in g to n & E a stern B y . - Owns from Lexington, Ky., to Jack- an equal amount of the 1st mortgage 7s then outstanding. The $208,son, Ky., about 92 miles. A reorganization of the Kentucky Union, 703 are now the only lien ahead of the first consols.—V. 6(j, p. 760.
sold in foreclosure in March, 1894. Stock is $500,000; par, $100. Gen­
G uaranties
addition to guaranteed bords in table above guar­
eral mortgage, $2,500.000, of which $1,000,000 reserved to retire the antees 5 p. 0. .—m$650,000 New York Brooklyn & Manhattan Beach
on
firsts. 1 p c. was paid Aug. 1,1898, on gen. mort. bonds. Loans aad preferred stock as part rental; also 4*2 p. o. on $50,000 P. P. & So. Br.
bills payable June 30,1897, $37,131.
stock, and 4*$ p. c. on $82,500 of the N. Y. & Coney Island stock.
E arnings .—1 month, 5 1898.................. Gross, $18,720; net, $7,234
General F inances.—June 30,
agst
July 1 to July 31.
(1897 ................Gross, 16,716; net, 5,745 $1,600,000 on June 30,’97; morts.’98, notes payable, $1,579,000, trust,
onreal estate, $291,238; equip,
Year ending June 30,1898, gross, $205,723; oper. expenses and $150,000. Renewals are with 76 to 80-pound steel rails. As to change
taxes, $146,855; interest on bonds, $65,000. (V. 59, p. 697.)
of control in 1897 see organization above. The Atlantic Ave. im prove­
L im a N orth ern B y . - See D etroit & L ima N orthern R y .
ments and tunnel to New York City (see V. 64, p. 469; V. 65, p. 512;
L itch field C arrollto n & W e ste rn B B . —Owns Barnett to Co V. 66, p. 471) are in abeyance pending acquisition from Legislature o f
franchise running a 1easonable length of time, the Greater New York
lumbiana, 111., 52 miles. Joseph Dickson is now receiver—see V. 62.
p. 949 ; V. 61, p. 1064. Stock, $600,000 ; par $100. Receiver’s certifi­ Charter limiting municipal franchises to 25 years. In the meantime
cates, $125,000. Sale has been set for Nov. 12,1898. V. 67, p. 736. the agreement with Brooklyn Elevated below is in operation.
An agreement with the Brooklyn El. RR. in March, 1898, provides
For year 1896-97, gross, $60,012; net, $14,940; taxes and miscel..
for joint construction of connecting line at East New York and run­
$12,875 ; balance, $2,064. (V. 62, p. 40, 949 ; V. 67, p. 428,736.)
ning of through trains from Jamaioa to Brooklyn Bridge and from
L ittle K a n a w h a R R ..—Parkersburg, W. Va., to Palestine, 30 Rockaway
to Broadway ferries.
line
since
miles, thence by steamer, 4 miles, to Enterprise, continuing thence July, 1898, Park Jamaica line from Oct.RockawayV. 67,operated Long
4,1898.
p.
to Creston; total. 52 miles. Line operated from May, 1898. Projected Island RR. and operates through trains from any point 124. lines
also
on its
to Burnsville, W. Va., making in all 112 miles. Stock, $2,000,000 to the bridge, with free transfer to Brooklyn Elevated trains across the
authorized; issued July, 1898, $426,000; par $100. President, H. C. Bridge. All these lines will be operated with electricity as soon as
Jackson; Secretary and Treasurer, C. L. Williams.
proper system can be decided upon—V. 67, p. 124,175.
L ittle M ia m i R R .—Owns Cincinnati, O., to Springfield, O., 84
The company purchased the Huntington and Far Rockaway (street)
miles; branch, Xenia, O., to Dayton, O., 16 miles; leases, Columbus & railroads in March, 1898.—V. 66, p. 520, 664.




O ctober , 1898 J

RAILRO AD

STOCKS AN D

BONDS.

8i

INTEREST OR DIVIDENDS.
_________________ RAILROADS._________________
Bonds—Princi­
Miles Date Size, or
Amount
When Where Payable, and by pal,^When Due.
of
Par
For explanation of column headings, &c., see notes of
Outstanding Rate per Payable
Stocks—Last
Whom.
Cent.
Road. Bonds Value.
on first page of tables.
Dividend.
Ztong Isla n d —(Oon.) —
N. Y., U. S. Mort. & Tr. Jan. 1, 1945
5 g. J. & J.
600,000
21 1895
1,000
MontaukExt. RR. IstM ., g ..................................o*
Sept. 1, 1927
do
do
984,000
1887
5 g. M. & S.
1,000
N. Y. & Rock. B , 1st M.t $1,000,000, gu. p. & i ..
1926-1931
do
do
4*2 Semi an
10 ’86-’ 91 1,000
436.000
P. P. & O. I., 1st and 2d ($96,000 2ds) gu. p. & 1.
July 15,1931
5
J. & J.
44 1891
1,500.000
Los Angeles Terminal—1st mortgage, $1,500,000..
Jan. 1, 1945
1895
125.000
1,000
Louisiana A Northwest RR.—First mort., gold.......
5 g. J. & J. N.Y., Botody, M0L.& Co. Mar. 1, 1950
45 1897
250,000
500
La. South’n—1st mort., g., re 1. at 105 after 1902.o
5 g. M. & S. N. Y ., R. Winthrop & Co. July 1, 1921
2,240,000
6 g. J. & J. N.Y., S. Pae.Co., 23 B’rd
1,000
Louisiana Western—1st mortgage, gold................. o* 112 1881
Aug. 15,’98,3%
Louisville, Ky.
1,500,000 6 in 1898 F. & A.
100
Louisville Bridge Oo.—Stock......................................
6
482,532
1897
Louisv. Evan, A St. Louis Oonsol.—Receivers’ certs.
(Î)
J. & J. July,’ 96, pd. Dec. 31,’96 June 1, 1921
6
.72 1881
900.000
1,000
1st mort. E. R. & E.................. ............. .................
2,000,000
1,000
6 g. A. & O. A pr..’ 95,pd. Sep. 30,’ 95 Oct. 1, 1926
1st mortgage, gold................................................. o* 182 1886
1,000
670,000
2d mort.. with voting power, gold, unassented.o’’ 182 1886
6 g. A. & O. A pr..’95. pd. Sep. 30,’95 Oct. 1, 1926
fe
22 1887
300,000
1,000
6 g. A. < O. Apr., ’94, coup, last pd. Oct. 1, 1927
Hunt. Tell. City & C. RR. IstM ., gold (see text)c*
20 1875
200,000
6 (8) J. & D. Dec., ’94, coup, last pd. June 1, 1895
500
Illinois & St. Louis 1st M. (matured— te x t)...
see
1900-1902
6 . Various All paid when due.
300,000
7 1880-2 1,000
Ven.&Car. 1st Ms., due Dec.,1900&Apr.l,1902.c*
3,797,500
1,000
5 |. J. & J. July, ’ 93, coup, last’ pd. July 1, 1940
L. E. < St. L. oonsol. mort., g o ld ($8,000,000).. c ' 353 1889
fe
2,400,850
1,000
4 g. M. & S. Sept., ’93, coup, last pd. Mar. 1, 1943
General mortgage for $15,000,000, gold............ o* 353 1893
2 1890
300,000
6 g. J. & D. June,’93,coup, last paid June 1, 1920
New Albany Belt & Term. RR. 1st M. end., gold..
4,000.000 to be hel d in vot ing trust for ten years. SeeV.62,p.l38
100
Louis.H. diSl. L.—St'k ($2,000,000is pf.5%non-cum.)
2,100,000
500
5 g- J. & J. N. Y. Office. 7 Wall St. Jan., 1946
1st M., $2,500,000, gold........ ................................. Ì65 1896
1,000
3,000,000
Louisv. A Jeff.Br.Go —$5,000,000,g.gu. p.&i.,end.c* . . . . 1895
4 g. M. & S. N.Y., J.P. Morgan & Co. Moh. 1, 1945
Aug., 1893
N. Y., 120 Broadway.
100 52,800,000
L ou isville & Nashville—Stock................................
$ &£
3,500,000
7 g. J. & D. London and New York. June 1, 1901
Memphis < Ohio 1st M., Paris to Mem., g.,guar. .0“ 130 1871
&
Aug. 1, 1902
do
do
1,996,660
83 1872
£200
Mem. Clarks. &L. 1st M., &,Guthrie to Paris,Tenn. o '
6 g- F. & A.
M. & S. N. Y., 120 Broadway. Moh. 1, 1907
490,000 ,
7
46 1877 $1,000
Cecilian Br.lstM., Cecil, to Louis.,s.f.,dr’nat lOO.o’'
Deo. 1, 1919
do
do
E.H.&N. IstM..Henderson to Nash.,g,dr’n at 110. c* 151 1879
1,000
2,030,000
6 g. J. & D.
June 1, 1930
do
do
J. & D.
802 1880
1,000 10,058,000
6 g.
Louis. & Nash, general M., gold, drawn at llO .o*
Oct. 1, 1907
A. & O.
do
do
7
892,000
L. C. & Lex. 2d m. s. f. not dr’n, Louis.to Newp’t.o' 175 1877 100 &o.
Nov. 1, 1931
M. & N.
do
do
1,000
3,258,000
4*2 g.
General mort. L. C. & L., gold (formerly 8s) .c* 175 1881
Apr. 1, 1910
do
do
1,000
1,960,000
L. & Nash.bds.,S.&N. Ala.RR.,2dm. as ool.gold.o* 189 1880
6 g. A. & O.
Moh. 1, 1920
do
do
1,000
580,000
45 1880
6 g. M. & 8.
Pensacola Division 1st m., gold (dr’n at 105). .o*
Jan. 1. 1930
do
do
6 g. J. & J.
1,000
5,000,000
N. O. & Mob. Div. 1st M.. N.O.to Mobile, gold.c* 141 1880
L atest Earnings.—J u ly l to Aug. 31, two months. System, 399 miles.
2 mos.
Oross.
Net.
Oth. inco. Charges.
Balance.
$628,363
$45,817 $225,649
$148,531
1898.........$1,322,004
1897......... 1,242,588
616,9^8
49,329
230,653
435,614
A nnual R eport .—Fiscal year ends June 30. Annual meeting is held
the second Tuesday in April. Report for 1897-98 was in V. 67, p. 685.
The new management is charging against operating expenses many
improvements of a kind previously charged to capital account. This
accounts for the decrease below in net earnings :
Year ending June 3 0 —
1898.
1897.
.
1896.
1895.
Gross earnings............$4,333,194 $3,954,866 $3,962,799 $4,014,019
Operating expenses.. 2,989,373
2,737,200
2,541,636 2,593,323
Net earnings.......... $1,343,821 $1,217,666 $1,421,163 $1,420,696
Total net.......................$1,473,690 $1,332,510 $1,576,817 $1,583,969
Interest on bonds........
638,629
658,662
658,411
658,410
Taxes............................
205,865
210,794
200,973
174,531
Rentals..........................
312,800
310,466
271,160
240,088
Interest and discount.
72,521
50,384
16,389
6,789
Dividends...................................... (2)240,000 (4) 480,000 (4) 480,000
Balance............. sur$243,875 def.$137,795 def.$50,116 sur.$24,151
President (elected April, 1898), W. H. Baldwin, Jr.; Vioe-Pres., O. M.
Pratt; Sec. and Treas., A. C. Bedford. D irectors: James Timpson,
W. G. Oakman, J. G. K. Duer, J. S. Auerbach, F. G. Bourne. W. H.
Baldwin, Jr., C. M. Pratt, L. C. Ledyard, F. L. Babbott, Dumont Clarke,
George W. Young, August Belmont and R. Somers Hayes.—V. 67, p.
» 7 2 , 320, 6 8 5 .
Los A n geles T e r m in a l R y . - Owns 50 miles of road connecting
Los Angeles, Cal.,withPasadena,EastSanPedro,VerdugoandAltadena;
standard gauge. Completed as now in 1891-92. In August, 1898, it
was stated that the Los Angeles Term, had been awarded an electric
railroad franchise in Pasadena and would convert the Pasadena and
Glendale branches, but maintain steam service for freight. Extensions
o f 15 miles of electric road, it was reported, would also be made. Stock
authorized, outstanding, $3,000,000 ; par, $100. Mortgage is for $1,500,000 on 44 miles and $20,000 per mile for additional road ; it covers
60 acres of terminal lands in heart of Los Angeles and 40 acres of
water front and terminals at San Pedro, the seaport of Southern Cal­
ifornia. Trustee, St. Louis Trust Co.
E arnings.—Year ending June 30, 1897, gross, $79,843; deficit un­
der operating expenses, $16,29L; taxes, $9,720; interest paid, $493.
In 1895-96, gross, $106,105 ; net, $9,364; total deductions, $9,338; int.
charges (not paid), $75,000. President, Geo. B. Leighton, St. Louis.
L o u isia n a Sc N orth w est R R . —Bienville to Homer, La., 36
miles. Extension from Homer, La., to Magnolia almost ompleted in
O c t , 1898. Said to be leased for 50 years from Jan. 1,1895, to J. D.
Beardsley. Gibsland, La , for interest, on bonds, taxes and cost o f main­
tenance Stock, $3,000,000 authorized ; issued Jan., 1896, $700,000 :
par, $100. Trustee of bonds, People’s Trust Co., Brooklyn, N. Y.
L o u isia n a Southern R y .—Operates from New Orleans to Belair
and Shell Beach, 45 miles. A reorganization of New Orleans & South­
ern, foreclosed Oct. 26, 1896; 20 miles of track, Belair to Bohemia,
abandoned. See V. 64, p. 83.
L o u isia n a W estern R R .—(See Map o f Southern Pacific.)—Owns
from Lafayette, La., to Orange, Tex, 112 miles ; branches (2), 35 miles ;
total, 147 miles. Operated under lease by Southern Pacific Co., which
ow ns all but $50,000 of the $3,360,000 stock. Lessee pays all charges
and gives company 7 p. o. of total net profits under omnibus lease.
E arnings.—1 month, >1898............. Gross, $103,836; net, $49,825
July 1 to July 31. J1897.............. Gross,
76,587; net, 29,668
In year ending June 30, 1898, gross, $1,026,228; net, $468,103;
surplus over charges, $271,535; amount of net profit due this company,
as per lease, $180,153. In calendar year 1896, gross, $930,701.
L o u isv ille B rid ge C o.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional in Louis­
ville. Used by several railroads, Penna. RR., Louisv. New Albany &
Chic., etc. Surplus earnings are paid back to roads using bridge.
Stock is $1,500,000, of which Penna. RR. owned Jan. 1, 1898, $901,300. No bonds. Bills payable June 30,1895, $187,128.
Dividends in 1896, 6*3 p. o. ; in 1»97, 7 p. c.; in 1898, 6 p. c.
E arnings.—In year ending June 30, 1897, gross, $240,605; net,
$133,656; other income, $2,700; charges, $63,203; dividends, $120,000. In 1895-96, net, $170,405.—(V. 60, p. 1105.)
L o u isv ille B va n svllle Sc St. L o u is Consolidated R R .—Oper
ates Louisville, Ky., to East St. L., 111., 275 miles; branches to Evans­
ville, Rockport, etc., in Indiana, 93 miles; also owns and operates
Venice & Carondelet, 7 miles; total, 375 miles, of which 352 miles
owned and 16 miles trackage; 359 miles are steel, from 56 to 70 pounds.
Portions main line operated under trackage rights ; Louisville to New
Albany, 6 miles; Walnut Hill to Centralia, 7*2 miles; East St. Louis to
St. Louis, 2*2 miles. The New Albany Belt & Term. RR. was purchased
in 1897 giving new terminal facilities in New Albany. Used Kentucky
& Ind. Bridge and 111. Cent. RR. terminals at Louisville (since Sept. 1,
1897.) (V. 64, p. 423.) The Louisville & St. Louis RR., Centralia to
Drivers, 111., 16 8 miles, was purchased in June, 1898, for $85,000.
—V. 66, p. 1089; V. 67, p. 428.
R eceivership .—On Mar. 25,1896, George T. Jarvis was appointed
receiver to act from May 1. (See V. 62, p. 589, 726.) Foreclosure of




first and second mortgages began in March, 1896.—(V. 62, p. 502.) In
March, 1897, receiver’s certificates for $324,500 were authorized, and
$100,000 in July, 1897, for air brakes, etc. (V. 64, p. 1042; Y. 65, p. 195.)
Committees.—Consolidated Bondholders: Charles S. Fairchild, 44
Wall St., N. Y., Chairman; Wm. L. Bull, James Stillman and W. H.
Payne and Mayer Lehman. Secretary, Osborn W. Bright, 44 Wall St.,
N. Y. In Jan., 1896, $3,347,000 first consol. 5s had been deposited.
Depositary, New York Security & Trust Co., 44 Wall Street, N. Y.—
V. 60, p. 522; V. 61, p. 559. First Mortgage Bondholders: John M.
Graham, John Stites, Alfred D. Foster; depositaries, International
Trust Co., Boston, or Fidelity Trust & Safety Vault Co., Louisville,
Ky.—V. 64, p. 664. The Graham Committee commenced foreclosure
proceedings in Deo., 1897, the several committees having failed to
agree on a plan—see plans in V. 65,1220, and also V. 66, p. 134.
Second Mortgage.—George W. Norton, J F. Henry and James W.
Bryan; depositaries, International Trust Co., B oston,or Louisville
Trust Co., Louisville, Ky. In April, 1897, more than two-thirds of the
seconds had been deposited. (V. 64, p. 66 i, 799.)
Evansville Bockvort & Eastern O unrnittee.—Chairman Henry B. Han­
son. James R Barret and R. Montfort; depository, Fidelity Trust &
Safety Vault Co., Louisville, Ky. A majority deposited. (V. 65, p. 69.)
Capital Stock .—Common stock issued, $3,790,747; par, $100. (See
V. 56, n. 289, 413.) In January, 1897, $457,162 prefd. outstanding.
Bonds.—Illinois & St. Louis first 8s for $200,000, due June 1 ,1 8 9 5 .
were purchased, but not having been paid interest accrues on them at
6 p. c.—(V. 60, p. 967. Abstract consol, mort. in V. 49, p. 208.
Of the general mort. 4s, in Jan., 1894, $2,076,850 had been issued
in exchange for preferred stock, settlement of E. & T. H. account, etc.,
$577,000 were held as collateral for loans and $695,400 were in hands
of trustees to be issued for preferred stock. In Oct., 1897, N. Y. Stock
Exchange reported $2,432,000 listed, (See V. 56, p. 289, 413.)
Coupon .—See table above as to coupons paid and unpaid. N. Y.
Security & Trust Co. pays interest when ordered.
G eneral Finances.—The receivers’ report for 1895 stated that about
$1,250,000 should be expended by the year 1904 to put the road in
proper condition, in addition to $250,000 for air brakes and couplers
( V. 62, p. 499.) Floating debt Dec. 31,1895, $433,212, in addition to
receivers’ certificates, and $842,813 unpaid coupons. (V. 62, p. 499.)
E arnings .—Jan. 1 to Dec. 31 (12 months), gross, $1,464,678 in 1897;
$1,491,247 in 1897. Jan. 1 to Oct. 7 (9*4 months), $1,171,589 in 1898;
$1,087,273 in 1897.
A nnual R eport .—Report for year ending Dec. 31, 1897, in V. 66,
p. 999, showed earnings, gross, $1,464,678 ; net, $354,558; construc­
tion (betterments), $99,683; taxes, $80,000; interest on floating debt,
$170; interest on receiver’s certificates, $16,078; balance to pay in­
terest on bonds, $158,627. In 1896, gross, $1,501,194; net, $419,846;
balance to pay int. on bonds, $310,183. —(V. 66, p. 1089; V. 6 , p. 428.)
L o u isv ille H en d e rso n Sc St. L o u is R y .—R oad .—Louisville
to Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage; owns also Irvington to Fordsville, Ky., 44 miles,
H istory .—A reorganization June 1,1896 (per plan in V. 62, p. 138).
of the Louisville St. Louis & Texas, sold in foreclosure.
Securities .—The stock is to be held by John J. McCook, Brayton
Ives and Oscar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote o f trustees. See terms V. 62, p. 138.
Of the new bonds (trustee, State Trust Co., N. Y.), $400,000 are re­
served to build extension to Louisville. Bills payable June 30,1897,
$23,725.
Earnings.—2 months, >1898..... ..........Gross, $81,148 ; net, $19,183
July 1 to Aug. 31.
$ 1897.............. .Gross, 92,827; net, 27,467
In 1897-98, gross, $528,245; net, $126,864. F.»r 13 months ending
June 30, 1897, gross, $484,793; net, $121,234; interest, $105,000;
taxes, $13,000; balance, $3,234. (V. 62, p. 1177; V. 63, p. 30, 76.)
L o u isv ille Sc Jefferson ville B rid ge C o.—One-half mile long
and the approaches one mile; opened for all business Jan. 1,1896. The
company also owns about 40 acres of land in Louisville and 100 aores
in Jeffersonville. The Big Four and Chesapeake & Ohio use the
bridge. Capital stock is $1,425,000; par, $100. No divs. to July, 1898.
B onds.—The mortgage of 1895 is for $5,000,000 (trustee U. 8. Trust
Co. of N. Y. and Union Trust Co. of Indianapolis); bonds for $2,000,000
are reserved for future construction, eto.; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. roads, in whose in­
terest the entire stock is owned. See V. 61, p. 559. In July, 1898,
earnings sufficed to meet both expenses and charges. (V. 62, p. 84.)
L o u isv ille Sc N ash ville R R .—(See Map.)—R oad .—Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to St. Louis, Mo.,Memphis, Tenn., etc., 1,064 miles, making total sys­
tem proper June 30,1898, 2,988 miles. The system in ludes :
Lines owned absolutely or
Reported separately.
Miles.
through entire capital stock. Miles. UNashville Flor. & Sheffield___107
Louisville to Nashville.......... 185 iiNashville Chatt. & St. L ou is..904
Sundry other lines...............2,453 ITHenderson B rid ge.................. 10
Lines leased, Ac.
itGeorgia Railroad system.......615
ffNashville & Decatur............ 119 Operated for other co’s ............ 79
itSouth & North Ala. R R ....... 182 Owned but leased to other co’s. 70
Other lines...............................
49 Do. Paducah & Mem. D iv ......2 5 4
Total system proper........ 2,988
(II See this company.)

Total of all June 30, ’98.-5,027




INVESTORS’

STJPPLEMEl' T

[V ol. LXYII,

O ctober , 1898. |

*3

RAILROAD STOCKS AND BONDS,

Subscribers w i l l confer a great fa v o r by g iv in g im m ed ia te notice o f any error discovered in these T a b les.
Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable and by Stocks—Last
Par Outstanding
of
For explanation of column headings, &o., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Louisville dt Nashville—(Concluded)—
N. O. & Mob. Div. 2d M., N. O. to Mobile, g...*c 141
Southeast & St. L. Div. 1st Mort., gold............. o* 208
2 d M.,gold, East St. L. to Evansville & br..c* 208
1st M. (50-year 5s), $15,000 p. m., gold........... c* 118
1st mort., collateral trust ($7,000,000) gold— c*
Unified mortgage for $75,000,000, gold---- c*<ftr Text.
Coll, trust, $12,500,000, call at par in 5 yrs„ g.c*
St. Louis property, 1st mort., gold, $650,000. ..c
Louisville Ry. Transfer 1st mortgage...................
L. &N. and Mob. & M ont.jointbds.,lstM ., g.Ce.c* 179
Pens.&At. 1st M..gold,s.f.,dr’n at llOassumed.c* 160
Paducah & Memp. Div. 1st M., gold, $5,000,000. 254
49
Kentucky Central—Maysville & Lex. RR. mort...
220
New mortgage ($7,000,000) g o l d ............M p.c*
So.& No. Ala.,1st M., s.f., not dr’n, guar, by L.&N. 189
2d M.. gold, s.f., $2,000,000, (owned by L.& N.) 189
Consol, mortgage (for $10.000,000), g., guar.c* 189
Louisville dt Nashville Terminal—1st M. $2,000,000
uukens Valleu—Stock. Rental pays 5 per cent. ... *21
97
Macon .dt Birming.—1st mortgage, $500,000, gold.c
18
Extension 1st M., gold, Cumberl. Juno, to Dan..c
1st consol, mort., ? ($269,500 5s)........................ c* 1304
$9,000,000...... 5 ($2,768,800 4s)..................... 0*
Collateral trust bonds for Mt. Desert Branch— c * 41
Sinking fd. 10-20s, gold, old 6s, ext. Feb. 1. ’95..c ....
lmprovementbonds,“ A” and “ B.” gold, not mort. ....
56
Me? Cent. Eu. & No. Am. refunding mort., gold...
Portland & Ogdens, stock (2 p. c. rental, 999 years) 109
62
1st mortgage, gold, interest guaranteed..........c
a Also $14,000,000 are pledged to secure collat’l trust

1880 $1,000 $1,000,000
1,000
3,500,000
1881
1,000
3,000,000
1881
1,000
1,764,000
1887
1,000
5,129,000
1888
1890 l.OOO&c al4,994,000
1,000 12,500,000
1898
1891
1,000
617,000
286,000
1895
1,000
4,000,000
2,753,000
1881
1,000
1897
As collateral
1876
1,000
400,000
1,000
1887
6,742,000
1873
£200
£792,600
1880 $1,000 Own. L. & N.
1886
1,000 $3,958,000
1898
(9)
20
600,000
1896
1,000
500,000
100
4,975,500
1870 500 &o.
496,500
1872 100 &c.
4,193,500
1872 100 &c.
4,293,800
1883
1,000
669,000
1885
1,000
600,000
1886-7
450,000
1893
1,000
1,000,000
100
4,390,968
1870 500 &c.
800,000
bonds of 1898 and $2,653,

Organization , &c.—Tbis company was chartered March 2,1850, and
opened between Louisville and Nashville November, 1859. The liabili­
ties for interest on the auxiliary roads are treated mostly as belonging
directly to the Louisville & Nashville Co. A list of the securities owned
and in the sinking fund June 30,1896, was in V. 63, p. 658. Georgia
RR. (see Georgia RR. & Banking Co.) was leased in 1881 jointly to
Central of Georgia and L. & N ., but L. & N. claims that the Centra
has forfeited its interest in the lease—see V. 65, p. 81.
Term inals—Jointly with Nashv. Chat. & St. L. leases termina1
property in Nashville (belonging to Lbuisville & Nashville Terminal
Co.) for 99 years from 1897. (V. 65, p. 278.) Contract for new station
was let in July, 1898. V. 67, p. 222, 329, 742.
For Henderson Bridge see Miscellaneous Companies.
Stock .—In July, 1891, It was voted to increase the stock from $48,000,000 to $55,000,000 for purchase of Kent. Cent. RR., «fee. Of the new
stock $4,800,000 was taken by stockholders of July 21 at 70, and
July 1,1898, $2,200,000 was held in the treasury. Further increase
in stock to $60,000,000 authorized in Nov., 1893.—Y. 57, p. 596. 809.
D ividends >’81. ’82. ’ 83-’87. ’ 88. ’ 89. ’90. ’91. ’ 92. ’ 93. (N one
Percent. 5 6
3
None. 5stk. 5stk. 6
5 4
4 ¿since
In 1890 of the 6 p. o. paid there was 4»io in stock.
B onds.—The JEvansv. Hender. dt Nashv. bonds are drawn at 110 by lot
annually in October, for payment Deo. 1 in amounts increasing each
five years until $150,000 per year is finally reached; in 1897, $40,000.
The Pensacola Division bonds are subject to a drawing sinking fun«
$5.000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds of 1880 are subject to call at 110 in in
creasing amounts each yea r; $251,000 gen. mort. bonds will be re"
deemed June 1, 1898; also $55,000 Cecilia Branoh bonds.
In June, 1890, the “ unified, * mortgage (trustee, Central Trust Com­
’
pany) for $75,000,000 was authorized, $41,917,660 bonds being re­
served to retire all prior liens (none of the prior liens can be extended),
the balance for improvements, extensions (at the rate of $32,000 per
mile. including equipment), and for other purposes. The mortgage cov­
ers (besides 1,232 miles of road and its equipment) $25,992,535 stock
of companies controlled, and $3,150,000 bonds free from any lien. See
abstract of mortgage in Y. 51, p. 613. On June 30,1898, company re­
ported $31,647,000 issued, of which $2,653.000 in the treasury. Total
listed on N. Y. Stock Exchange $14,994,000 in Oct., 1898.
Of Louisville Cincinnati dt Lexington general mortgage bonds,
issue is now limited to $3,258,000. V. 63, p. 10L0.
Mobile d Montgomery—Louisville dt Nashville joint mortgage is for
b
$5,000,000, a first lien on 178*2 miles Mobile to Montgomery; $1,000,000 reserved for improvements. V. 61, p. 196, 750.
Kentucky Central mortgage abstract V. 45, p. 372.
Pensacola < Atlantic first mortgage bonds (assumed) are gradually
6
being called for the sinking fund at 110: on June 30,1898, $775,266
were held in the treasury, making total outstanding $2,753,000.
Paducah dt Memphis Division bonds cover the line from Paducah to
Lexington, Ky., and Memphis to Perryville, Tenn., 254 miles; mort­
gage is $5,000,000, of which $3,800,000 held by L. & N. and balance
reserved for improvements—see V. 65, p. 652, 673.
■ St. Louis terminal property bonds cover freight terminals.
The collateral trust bonds of 1898 (see below) are secured by deposit
with the U. S. Trust Co., as mortgage trustee, of $14,000,00«» L. & N.
unified 4s and $4,000,000 L. & N. Paducah & Memphis division bonds,
the latter covering the road from Paducah, Ky., to Memphis, Tenn.,
254 miles. The loan is limited to $12,500y000, and is subject to call at
par on and after April 1,1903. (V. 66, p. 337.)
G uaranties .—Besides bonds in table, the Louisv. & Nashv. is responsi­
ble for $2,100,000 bonds and dividends on $2,305,582 stock of Nashville
& Decatur (which see); and for $2,096,000 Nashville Florence <e
t
Sheffield bonds.
G eneral F inances.—On June 30.1898, bills payable were $26,569
In February, ’98, the company sold, in order to provide for the
floating debt and the funding of the consols due April, 1898 ($7,070,000),
an issue of $12,500,000 coll, trust bonds, due in 20 years but sub­
ject to call on or after April 1,1903, deferring sale of L. & N. 4s for
better prices. V. 67, p. 742. This transaction reduced ini erest charges
(includingint. on floating debt) about $200,000 yly. Upon completion
of refunding there w ill be no floating debt, a cash surplus o f about
$1,600,000 and stocks and bonds in treasury worth $8,000,000 to
$10,000,000. (V. 66, p. 337, 574.) Since July 1,1894, the “ construc­
tion aooount ” has been closed.
In 1897 and 1898 the company will have refunded at a lower rate of
interest about $10,000,000 of 7 per cent bonds.
E arnings .—2 months ¿1 8 9 8 ........Gross, $3,694,413; net, $1,077,297
July 1 to Aug. 31. 5 1897........Gross, 3,573,560; net, 1,221,983
A nnual R eport .—Annual meeting is held in Louisville the first Wed­
nesday in October. Report for 1897-98 at length in V. 65, p. 731, 738,
See also editorial p. 714 show ing:
1898.
1897.
1896.
1895.
Tear end. June 30.
2,988
2,981
2,965
2,956
Average mileage—
$15,854,802 $14,641,263 $14,324,906 $13,537,099
Freight earnings....
4,291,735
4,666,751
4,370,154
Passengers................ 4,557,729
1,439,309
1,399,054
1,368,741
Mail, express, etc... 1,584,122
Gross earnings....$21,996,653 $20,372,307 $20,390,711 $19,275,994




6 g.
6 g.
3 g.
5 g5 g.
4 g.
4 g.
5 g.
8
4*3 g.
6 g.
4 g.
7
4 g.
6 g.
6 g.
5 g.
4
5 in 1897
5 g.
6 in 1898
6 g.
5 &7
4 & 4*3
5
4*3 g,
4*3 g.
4 g.
2
6 g.
000 was

J.
M.
M.
M.
M.

J.

A.
M.
M.
M.
F.

Jan. 1, 1930
Mob. 1, 1921
Mch. 1. 1980
May 1, 1937
Nov. 1, 1931
July 1, 1940
Apr. 1, 1918
Mob. 1, 1916
May 1, 1901
Sept. 1, 1945
Aug. 1, 1921
1947
N. Y., 120 Broadway. Jan. 1, 1906
July 1, 1987
do
do
London, Baring Co.,L’d May 1. 1903
N.Y., Office, 120 B’ way. Apr. 1, 1910
N.Y., Office, 120 B’ way. Aug. 1, 1936
1948
N. Y., Office, 13 Wm. St. Oct., ’98,134%
Boston, Old Colony Tr. July 1. 1946
Portand, Me., Office. O ot.l,,9 8 ,l1
a%
Bost., N.Rev. Bk.; Port. Oot. 1, 1900
Apr. 1, 1912
do
do
Apr. 1, 1912
do
do
Bost., Am.L.&Tr.; Port. June 1, 1923
Portland Tr. Co., Port. Feb. 1, 1905
Bost., N.Rev. Bk.; Port. July, 1916-17
Boston and Portland. Jan. 1, 1933
Portland, Me. Cent. Of. Nov., ’98, *3%
Bost., N.Rev.Bk.& Port. July 1, 1900
easury June 30,1898.

& J. N. Y ., 120 Broadway.
do
do
& S.
do
do
& S.
do
do
& N.
do
do
& N.
do
do
& J.
do
do
& O.
& S. St. Louis, St. L. Tr. Co.
<e J . N. Y., 120 Broadway.
t N
do
do
& S.
do
do
<c A.
f

J.
J.

& J.
& J.
M. & N.
A. & O.
F. & A.

Q.-J.
J. & J.

Q.—J.
A. & 0.
A. & O.
A. & O.
J. & D.
F. & A.
J. & J.
J. & J.
Q .-F .
J. < J.
&
in the tr

1898.
1897.
1896.
1895.
Net earnings............... $7,074,922 $6,523,090 $6,885,505 $6,998,221
Net, incl. invs’ts., &C.
7,665,698 6,950,154 7,319,877 7,361,494
640,252
589,516
579,961
569,326
Taxes paid..................
Interest and rent....... 4,972,592
4,981,993 4,983,096 5,013,738
Georgia RR. deficit...
162,620
25,440
37,870
108,264
Loss on other roads ..
12,480
49,975
89,989
90,025
Adv’s to S & N. A., eto.
82,847
129,387
64,910
704,556
Sinking fund paym’ts
162,008
194,663
186,547
175,000
Surp. over charges....$1,632,901
$979,180 $1,377,504
$700,585
—(V. 67, p. 1 2 2 , 222, 316, 578, 714, 7 3 1 , 7 3 8 .)
LiftiilNvllle & N ash v ille T e r m in a l.—In 1898 had under con
struction a large depot and terminal property at Nashville. The ex­
penditures will be represented by bonds secured by a lease of thè term­
inal property jointly to the Nashville Chattanooga & St. Louis Ry. and
Louisville & Nashville RR. It was expected to issue $2,000,000 of 4
per cent bonds. V. 67, p. 320, 742.
lio u lsv . N ew A lb a n y & C h ic.—See Chicago I nd. & Louisv.
L o u isv St. L . & T e x a s .—See L ouisville H enderson & St. L
L yken s V alley R R . & Coal Co.—Owns from Millersburg, Pa., to
Wiluamstown,Pa., 20 miles; branoh, 1 mile; total operated, 21 miles.
It is a coal road leased and operated by the Northern Central RR. since
July, 1880, and previQusly hy Summit Branch RR. New lease to Nor
them Central made April 20,1896, terminable on 60 days’ notice by
either party—see V. 664, p. 330. Rental $35,000 per annum.—V. 62,
p. 5 0 0 ; V. 64, p. 330.
L yn ch b u rg & D urham R R .—Merged in Norfolk & Western.
M acon & B irm in g h a m R y .—Owns Sofkee Junction to La
Grange, Ga., 97 miles. A reorganization of Macon & Birmingham
Railroad sold in foreclosure Deo. 27,1895, to Edwards & Parsons of
Boston, Mass. This firm also holds 7.160 shares of the stock o f the
Georgia Southern & Florida, which see.
Stock and B onds.—Capital stock is $500,000. First mortgage is
for $500,000 ; trustee is Old Colony Trust Co., Boston. The mileage
to be covered will he about 220 miles, of which 97 miles in operation.
E arnings.—2 months, >1898................. Gross, $8,759 ; def. $4,704
July 1 to Aug. 31.
>1897.................Gross, 9,319; def. 8,234
In year 1897-98, gross, $65,130; deficit under operating, $12,382. In
1896-97, gross, $61,970.—(V. 62, p. 1040.) *
M acon D u b lin & Sa va n n ah R R .—Owns road completed from
Macon to Dublin, 54 miles ; projected to Savannah, 99 miles additional.
Owned by the Illinois & Georgia Improvement Co. of Chicago. V. 60, p
711,794,873. Bills payable Juue 30, l> 97, $30,079. In year ending
June 30,1897, gross, $64,278; net, $10,669; other income, $86; total
deductions, $3,271; balance, $7,484. In 1895-96 gross, $56,079. Stock
$1,250,000; par, $100; no bonds.—(V. 60, p. 1058.)
M a con & N orthern R y . —Absorbed in 1895 by Central of Ga. Ry.
M aine Central R R .—Line of road, Portland to Vanceboro, Me., via
Augusta, 251 miles; branches, Cumberland Junction to Skowhegan,
91 miles; Bath to Lewiston and Farmington, 76 miles; b ra n ch esBelfast, Dexter, Bucksport and Mt. Desert Ferry (7*3 miles), 133 miles;
Portland A Ogdensburg RR., Portland, Me., to Lunenberg, 109 miles ;
small branches, 6 miles; Upper Coos and Hereford railways, Lunenberg,
N. H., to Lime Ridge, Quebec, 108 miles; Bath to Rockland (including
steam ferry,6-10 miles,) 48 miles; total, 822 m iles,of which 345 miles
owned, 429 miles operated under 999 year leases, and practically
owned; 33 miles operated under 50-year leases and 8 miles ferry lines.
Organization .—Stock for $2,516,000 is owned by Boston & Maine.
The law of 1898 enables the B. & M. to purchase additional stock of
the Maine Central. V. 66, p. 616.
D ividends — )
1882.
1883.
18 8 4 to Oot., 1898,
Per cent 5
2
5*3
6 yearly
B onds, G uaranties .—Consols of 1872 are held in trust to retire
$496,500 6s due Oot. 1,1 90 0 ; $756,800 4s sold to retire 7s due July
1,1898. V. 67, p. 59.
There were also on June 30,1898, $76,000 Shore Line 6s, due 1922 ;
also $130,500 Belfast & Moosehead Lake mortgage bonds, due 1920,
not guaranteed, interest and sinking fund paid out of the rental.
Jointly with B. & M. guarantees $300,000 Port. Union Station bonds.
Floating Debt.—Notes payable, $650,000 Sept. 9, 1898, against
$1,188,000 June 30, 1897. The proposed funding of the floating
debt was deferred pending improved business conditions.
A nnual R eport .—Fiscal year ends June 30 (formerly Sept. 30).
Annual meeting 3d Wednesday in October. Report for the year ending
June 30,1897, was in V. 68, p. 686.
Tears ending June 30—
1898.
1897.
1896.
$4,898,036
$4,985,318
Gross earnings............................. $4,758,801
Net earnings................................ 1,647,436
1,612,467
1,615,866
Other income...............................
63,040
52,147
51,860
Net income.......................... $1,710,476

$1,664,614

$1,667,726

84

INVESTORS’

SUPPLEMENT.

[V ol. L X V II.

Subscribers w ill confer a great favor by g iv in g Im m ed iate notice o f any error discovered in these T a b les.

RAILROADS.
Bonds—
Prlnoi INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per When
For explanation of column headings, &c., see notes of
of
Par
Where Payable, and by Stocks—Last
_________ on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Wnom.
Dividend.
M a in e C e n tr a l— ( C o n c l u d e d ) —

Port.&Ogd., Con. M.$20,000 p.m. (gu. by end.). .0.
European & N. Am. stock, 5 p.c. rental 999 years
Dexter &Piscataquis stock 5p.c. rental 999 years,
1st M., Dexter to Dover, eto., guar, by e n d ....
Hereford R’y stock (4 p. c. rental for 999 years).
I s . mortgage, guar. p. & i. (endorsed)...............
Upper Coos RR. stock, 6 p. c. rental 999 years.
1st mort., guar. p. < i. (endorsed).......................
fc
Extension M., $21,000 p. m., guar. p. & i.(end.)
Knox & Lincoln stock, guar., 5 p. o., 999 years..
1st M. Penobscot Shore Line RR. Co., assumed
K. & L. 2d mortgage (for $400,000) assumed..
Dexter & Newport, stock, 5 p. 0. after Nov. 25,’98
1st M. (old 6s refund, in 1897) gu. p. & i. end.*
Eastern Maine, stock, 4*2 p. ct., rental 999 years
M a n c h e s te r < A u g u s t a — See A tlantic Coast L ine
&
H a n d l e s , d k L a w . —Stock,10 p.o.ren’ltill 1937.B.&M.
Real estate bonds (not mort.) int. gu. by B.& M-c
M a n h a tta n E le v a te d . —Consolidated stock................
Metropol. El. IstM ., $600,000 p.m.,assum’d.g.o*
2d mortgage (assumed)......................................c*
N. Y. El. deb., secured by oonsol. mort. of 1890..
Manhattan Elevated consolidated mort., gold..e*
M a s o n C it y
F o r t D o d g e —lstm.$15,000 p. mile, g.
M e x i c a n C e n t r a l —Stock, $25,600 per mile........ .
1st mortgage (unassented) and sent).....................
Consol, mortgage, $32,000 per mile, gold___c*<fcr
1st cons. ino. and scrip,non-cum.($9,600p.m.),g.c*
2d con.inc.$6,400p.m.red.at 50p.o.till Aug. 1929c*
Registered income bonds and scrip, unassented.r
Equipment bonds, $500,000 i5 p. c. due yearly).

107 1888 $1,000 $1,319,000
114
....
100
2,491,300
....
100
17
122,000
1,000
17 1889
175,000
53
....
100
800,000
1,000
53 1890
800,000
22
....
100
350,000
22 1890
1,000
350.000
1,000
33 1890
693,000
48 ' . . . .
100
200,000
48 1890
1,000
1,300,000
48 1891
1,000
400,000
14
....
100
122,000
14 1897
175,000
....
100
18
200;000
Co. OP S. C.
....
22
100
1,000,000
. . . . 1892
1,000
274,000
....
36
100 30,000,000
18 1878 £ & $
10,818,000
1,000
18 1879
4,000,000
32 1886
1,000
1,000,000
32 1890
1,000 24,065,000
92 1886 100, &c.
1,380,000
100 47,915,100
. . . . 1881
1,000
462,000
1,94 9 1889. 1,000 59,611,000
1,949 1889
1,000 17,310,900
1,000 11,235,000
1,949 1889
. . . . 1881
1,000
461,200
. . . . 1897
950,000

Interest........................................
Rents...........................................
Dividends.................................
Sinking fund..............................

1898.
$633,907
648,121
298,527
*2^,440

1897.
$657,060
650,480
298,524
..... ......

1896.
$637,834
649,516
298,524
............

Balance, surplus..................

$100,481

$58,550

$81,852

5
5
5
4
4
4
6
4
4*a
5
4
5
6 to 5
4
4*2
10
4
4 in ’ 98
6 g.
6
5
4 g.
6 g.

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

& N.
& O.
& J.
& J.
& N.
& N.
& N.
& N.
& N.
& A.
& A.
& A.
& S.
S. S.
r
& N.

Bos., N. Rev. Bk. < Bos.
fe
Bangor, Treas. Office.
Dover, Me., Office.
Bost. N. Rev. Bk., Port.
Portland, Me. Cent. Of.
Boston, Mass. Nat. Bk.
Portland, Me., Office.
Bost., N. Rev.Bk.; Port.
Portland, Me., Office.
Portl’d,Me. ,Me. Cent. Of.
Boston, Nat. Revere Bk.
do
do
Dexter, Me., Office.

M. & N.
J. & J.
Q.—J.
J. & J.
M. & N.
M. & S.
A. & O.
J. < J.
fc

Manchester and Boston.
Boston, B. & M. RR.
N. Y., 195 Broadway.
N. Y., Mercantile Tr. Co.
do
do
N. Y., Mercantile Tr.Co.
do
do
In default.

Nov. 1. 1908
Oct. 15, ’9 8 ,2i«
July, ’98, 2>«%
July 1, 1929
Nov., ’ 98, 2%
May 1, 1930
Nov., ’98, 3%
May 1, 1930
May 1, 1930
Aug. ’ 98,2*«%
Aug. 1, 1920
Feb. 1, 1921
Sept., 1898
1917
Rockland, Me., Office. N ov.,’98,2^4%

(7) 4 J. & J. Boston, SafeDep. &Tr. Co
4 g. J. & J.
do
do
3 g. July 10 Boston, when earned.
3
3
July 1
5

Nov. 2, ’98, 5%
Jan. 1, 1922
Oct., ’98, 1%
July 1, 1998
Nov. 1, 1899
Moh. 1, 1916
Apr. 1, 1990
July 1, 1926
July 1,
July 1,
Jari. 10.
Jan. 10,
July 1,'
Apr. 1,

1911
1911
1939
1939
1911
1917

M exican Central R y . L im ited (M e x ico ).— ee M a p .) —Mileage
r^
—Main line Mexico City aorth to Juarez City, 1,224 miles, 407 miles
on Tampico Division, 12 miles on Guanajuato Branch, 161 miles on
Guadalajara Division, 55 miles on Ameca Ext., 44 miles on Pachuca
Division, Bar extension 6 miles, 40 miles on Laguna Ext. and other
branches 7 miles; total Deo. 31,1897, 1,956 miles. All 56-pound steel.
Extension from Jiminez to Parral, 55 miles, under construction, ex­
pected to be completed in October, 1898.—V. 66, p. 905. Also from
Turecuaro, on Guadalajara Extension, south 28 miles. Y. 67, p. 634.
Organization .—Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Gov­
ernment. Debt readjusted in 1889—see V. 48, p. 191, 292, 327.
Subsidy .—Jan. 1,1898, there was left of the subsidy in trust $2,524,347, to be used whenever necessary for the payment of principal and
interest of the consolidated mortgage bonds, $726,298 having been so
used in 1897. Of the $3,000,000 o f Mexican Government bonds re­
ceivable under Tampico Harbor concession for a depth of 22 feet,
$2,790,000 (in Mexican Government 6 per cent bonds) had been re­
ceived in April, 1895, corresponding to a depth of 20 feet, and these
were exchanged in 1895 for $2,934,600 of 5 p. c. Government bonds.
B onds.—Of the priority bonds $1,403,000 were paid off with proceeds
o f subsidy collections, interest ceasing April 10, 1891; the balance,
$5,597,000, is held as an investment by the trustee of the consoli­
dated mortgage. See V. 52, p. 390. The oonsol. mort., 4 p. 0., (trustee,
Boston Safe Deposit & Trust Co.) covers the entire property,all old firsts
deposited, and the subsidy earned and to be earned. (See abstract of
mortgage in Chronicle, V. 49, d. 177.) Both series of incomes are
non-cumulative and secured by one indenture to the American L. & T.
Co. First consol, incomes received 3 per cent interest July 10,1890, and
3 per cent in Julv, 1891, and 1892, respectively; none since.
The equipment bonds for $1,000,000 (issued in Nov., 1897, and
listed on New York Stock Exchange in February, 1898), are secured
by a mortgage on the equipment purchased and the deposit in trust
of $1,500,000 general 4s. The company ts to pay 5 p. cent of the prin­
cipal of the loan annually and a proportional amouut of fours will be
released. V. 64, p. 843.
General F inances.—In May, 1896, $800,000 oonsol. 4s were sold
for improvements. V. 62, p. 949. On Deo. 31,1897, notes outstanding
were $1,665,000, as against $1,000,000 on Jan. 1,1897; interest due
and accrued, $1,223,460; accounts payable, $563,619. Notes and ac­
counts receivable Jan. 1, 1898, $1,250,279 (same Jan. 1,1897, having
been $621,998); cash on hand, $1,288,738. Tampico Harbor Co.
bonds of 1894 for $3,396,000 (all owned by and in the treasury of the
Mexican Central) are guaranteed.—(V. 62, p. 869.)
E arnings.—Mexican cu r.) 1898..Gross, $8,833,308; net, $2,733,532
Jan. 1 to Aug. 31 (8 m os.)) 1897..Gross, 8,526,384; net, 2,615,371
Statement of earnings and expenses for six months ending June 30,
1898, was given in V. 67, p. 478, sho wing deficit under interest charges
of $255,703, against $85,166 deficit in 1897; adding subsidy receipts
for six months of 1898, $84,979, leaves surplus of $170,724.
A nnual R eport —Fiscal year ends Deo. 31. Report for 1897 was
given at length in V. 66, p. 898, 902; see also editorial,!). 879. The
gross earnings below are M e x ic a n c u r r e n c y ; all other figures TJ. 8 .
c u r r e n c y . The company received for its Mexican dollars an average of
41-24 cents in 1897, 53-17 in 1896, 52-95 in 1895,51-87 in 1894.

* Not included in ‘ 'fixed charges” prior to 1897-8.
—(Y. 65, p. 821 ; V. 66, p. 472, 616; V. 67, p. 29, 6 8 6 .)
^ M a n ch e ste r Sc A u gu sta R R .—Consolidated in 1898 with At­
lantic Coast Line RR. of South Carolina.—V. 67, p. 31,179.
M an ch ester & Law ren ce R R .—Owns from Manchester, N. H .,to
Methuen (State Line), 221 miles. Leased for 50 years from September
4
1,1887, to Boston & Maine at a rental paying 10 per cent dividends.
In June, 1895, a dividend o f 50 p ct. was paid on the capital stock out
o f money received from 0. & M. suit. (V. 62, p. 869.)
M a n h a tta n R y , (E levated ).—RoAD.-Controls and operates all the
elevated railroads in N. Y. City, its main traok aggregating 32 miles.
Besides these it owns and operates the Suburban R. T. RR., 3% miles.
In April, 1898, seven franchises for additional tracks and extensions
were offered to the M. Ry. Co. by the Board of Rapid Transit Commis­
sioners. See full statement in V. 66, p. 710. To July, 1898, no agree­
ment had been rf ached as to any of them. V. 67, p. 29.
H istory , Etc .—Formed Nov. 24, 1875. In May, 1891, $4,000,000
stock was issued to acquire the Suburban Rapid Transit RR., owning a
bridge aoross Harlem River and road to near 171st St., N. Y., 2 1 m.
«
B onds.—Consolidated mortgage (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 $300,000 per mile of single and $600,000 per mile of
double track. <8ee abstract of mortgage in V. 51, p. 248, and applica­
tion to New York Stock Exchange in V. 52, p. 353.) Of the consols
the company itself in Deo., 1897, held $300,000 against “ special ac­
count” and $50,000 consols to redeem convertible certificates.
G eneral F inances.—In October, 1898, it was reported that plans
for electrical equipment had been practically completed—see V. 66, p.
134 ; V. 67, p. 789. To May, 1898, claims aggregating $8,847,854 had
been paid by the company as damages to abutting property and other
cases were before the courts. See Chronicle V. 66, p. 954, and V. 67,
p. 789. As to personal property tax assessment in N. Y. City litigation
see V. 64, p. 799 ; also see V. 66, p. 954, and V. 67. p. 222.
Refunding of the $8,500,000 N. Y. Elevated 7s reduced the interest
charge $238,000 annually after Jan. 1, 1896.
In Oct., 1896, $810,000 and in Jan., 1897, $282,000 (available for
improvements, etc.) oonsols were listed, making total on list of $24,065,000 in October, 1897.
Dividends.— ) ’84. ’85. ’ 86 . ’87. ’ 88. ’89. ’90. ’91-96. ’97. ’98
Since ’83. P. Ct. 5 3
6
6
6
5 See below. 6 yrly.
Below
In 1898, Jan., 1 p. c.; April, 1 p. c.; July, 1 p. c.; Oct., 1 p. 0.
In 1889 1 in cash and 4*a in scrip; in 1890, 4 1 cash and l 1 scrip.
«
«
L atest Earnings .—12 months to June 30:
12 m o .
C ross.
X et.
O th. i n c .
I n t . , ta x e s , e tc . B a l a n c e
1897-8 ...$9,183,541 $3,856,882 $211,716 $2,645,324 $1,423,274
1896-7.... 9,163,740
3,861,383 180,277
2,707,016
1,334,650
INCOME ACCOUNT— (U. 8. CURRENCY E X C E PT A S INDICATED).
A nnual R eport —Annual meeting is held the second Wednesday in
Y e a r e n d i n g D e c . 31—
1897.
1896.
1895.
1894.
November. Report for year ending June 30,1898, was given in V. 67, Av’ge miles operated.......
1,956
1,869
1,860
1,860
p. 368.
Gross earns., Mex. cur.$12,845,8l9 $10,208,020 $9,495,866 $8,426,025
T e a r e n d i n g J u n e 30—
■ 1898.
1897.
1896.
Net earns. M ex cu r... $4,016,318 $3,463,747 $3,896,475 $2,966,350
Gross earnings........................... $9,183,541
$9,163,740
$9,256,931 Do do inU. 8. cur. 1,937,483
1,841,515 2,063,157 1,538,693
Net over operating exp............. 3,856,882
3,861,389
3,725,973 Subsidy aco’t in U.S.our
*811.229
300,000
275,000
750,000
Other income.......... ...................
211,716
180,276
232,520 Miscell. in U .S .ou r... (est.) 140,000
155,941
186,472
142,460
Interest, rentals andtaxes____ 2,645,323
2,707,016
2,840,397
Dividends.................................... 1,200,000
1,500,000
1,800,000
Total net incom e.. $2,888,712 $2,297,456 $2,524,629 $2,431,153
Balance after dividends.. .sur.$223,275 def.$165,351 def.$681,904 Interest on bonds........ $2,378,600 $2,320,533 $2,306,600 $2,306,888
194,867
159,934
208,281
188,449
Yr.Sep.30. Passengers. Earnings. Yr.Sep.30. Passengers. Earnings Miscellaneous...............
188990...185,833,632 $9,388,681
189394.. 196,159,323 $10,138,143 Bal.,inol. subsidy..sur. *
df.183,011 sur.$9,748 df.$64,184
189091. .196,714,199
9,959,710 95.. 188,072,645 9,745,927
18941891- 92... 215,122,575 10,908,579 1895-96.-182,437,244 9,352,115
*In 1898, $161,228 from subsidy was used on account of deficit in
1892- 93..219,621,017 11,137,051 1896-97.-183,184,641 9,359 732 1896. President, A. A. Robinsom Clerk and Comptroller, J. T.
—V. 66, p. 1045,1189 ; V. 67, p. 29, 222. 3 6 8 , 371, 789.)
Harmer.—(V. 66, p. 337, 424, 898, 901, 90 2 ; Y. 67, p. 478, 634.)
M eriden W a te r b a ry Sc C onnecticut R iv e r R R . —Cromwell,
M arietta Sc N orth G a. R y ,—See A tlanta K noxville & North .
Conn., via Meriden to Waterbury, Conn., 30 miles. Road is not now in
M a so n City Sc F t . D odge R R .—Owns road from Mason City, la., operation, but it has been proposed to operate it by electricity. See
to Lehigh, la., 88 miles, and branch, 4 miles. Stock authorized, $5,- report New England RR., Y. 63, p. 698.
000,000; outstanding, $920,000; par, $100. In year ending June 30,
M exican In d u stria l R a ilw a y .—Owns a belt road about 6 miles
1897, gross, $164,009; net, $70,110; charges, $90,266; balance, long around the city of Mexico, connecting all the railroads entering
deficit, $20,156. In 1895-96, gross, $168,327; net, $72,710. Net cur­ the city; opened September, 11:98. Line projected from connection
rent liabilities June 30,1896, $842,352, including unpaid coupons, with the belt to San Nicholas, a total, including branches, of about
$828,000. President, W. C. Tooney, of St. Paul.
18 miles. No bonds had been issued in May, 1898. V. 66, p. 901; V,
M em p h is Sc C h arleston R R .—Sold under foreclosure Feb. 26, 67, p. 530. See description of concessions, etc., in V. 62, p. 1177; V.
1898, and purchased by the Southern Ry. per plan in Y. 66, p. 39.
66, p. 901; V. 67, p. 530.




BONDS
AND
STOCKS
RAILKOAD
October, 1898.j



86

■ENTESTOKS* SUPPLEMENT,

IV ol . LXVIl.

-----------------------w m con fer a great fa v o r by g iv in g Im m ed iate notice o f an y error discovered In these T a b les.
. r a il r o a d s
B o n d » —Prinoi'
INTEREST OR DIVIDENDS.
s Date Size, or
Por explanation o f column headings, «fee., see notes of
-------pal,When Due.
Amount _ ^
Par
1
When
to c k s —Last
on first page o f tables.
L' Bonds Value. Outstanding Rate per. Payable Where Payable, and by SDividend.
Cent.
Whom.
M ex.Int.-PT. lien,£1,200,000,red.at par. U n .xc**r
1st consol, mort., $16,000,000, gold .M p.xc*&r
Income 4% bonds (no mort.), non-cumuliuive. *
M ex ica n N ation al—Stock..........
g<ild' suWêct tô'câîi atïÔO.*Je*
g” nc- accum* (for $16,675,000)c*
2d M.,ser. B, g inc. non-ac. (for $16,675,000) r
^ ^ | ge’/? ebV c?mJ not cumulative) gold 'r
(i?
e
B b f r t i f l c X 8 :’ ^ ! te.rf_A Cti8" 5% M "-« u m M e x ic a n N o r t h e r n —Stock...........................................
mort., U. 8. gold coin; Æ f. n ot ëânêdIsV.'.o*&r
Mexico Cuernavaca < Pac.—1st M.. g *25 000 r» m
e
M ich iga n Cewfraf—Stock
’ S-, ^ 0 ,0 0 0 p.m.
n*
owA8t M*(fC o’ÔÔjow are5s) ! .'c*
M. C. Michigan Air Line, 1st mortgage............c<fcr
M. 0 .1 s t M. on Det. & Bay City ($4,000,000).
.
do
do
. r
M. C. 1st mortgage on Grand River Yal. RR
M. C. 1st mortgage on Kalamazoo < S. Haven' ’ r
fc
M. C. 1st mort, on Term. RR., $1,500,000..
c&r
8toclj:>rental in perpetuity.
Det. & B. City bonds, endorsed, no mort. lien :..c
Bridge bonds, endorsed, no mortgage lien
Jack.Lan8.< Sag. stoca, S ^ p .c. y’rly, guar.byënd".
fc
Cons, mortgage, assumed, extended in 1891.. e*
a Exclusive o f $347,000 held by sinking fund.

615
659
1.064
1.064
1.064
1.064
83
83
310
270
115
152
152
84
39
‘ 84
295
295

b $2,3

1897 £100«&o $ 6 ,000,000
4 ^ g. M. & S. London, Speyer Bros. Sept. 1, 1947
I f 97 $500<fec.
4.635.000
New York.
4 g. M & S.
Sept. 1, 1977
4,499 000
Sept. 1
100 33.350.000
1887
1,000
11.297.000
6 g- J. & D N. Y., Nat. City Bank. June 1, 1927
1887 50Ó «fee. 12.265.000
6 g. M. & S Paid 3 ^ p.c. Meh., 1898 July 1, 1917
1887 500 «feo. 12.265.000
6 g.
See text.
July 1, 1917
1887
1,000
7.040.000
6 g- May 1
July 1, 1937
1896
£2,241,075 See text.
London, when earned. April 29,1898
1»96
£1,911 600
do
do
100 $3,000,000 4 in 189’ Quar’ly, N. Y., office, 27 Wm. St.
Sept. 2,>98,1%
1890
1,000 a l , 313,000
J. «fe D,
do
do
Dec. 1, 1910
1893
1,000
£ gbl30,000
5 g. A. «fe O. N.
100 18.738.000 4 in 1898, F. «fe A, N. Y. Mercantile Trust. Oct. 1,1943
Y. Gr. Cent. Station. J’ly 29/98, 2%
>72->82 1,000 10, 000,000 7 < 5 M. «fe N. N. Y., Union Trust Co.
fe
May 1, 1902
1890 l,OÖO«feo 2.600.000
4
J. «fe J. Rg.atG.C.S.; cp.atU.Tr. Jan. 1, 1940
1881
1,000
5
M. «fe 8. N. Y., Union Trust Co. Mch. 1, 1931
1881 l,000«fec [ 3,576,000
5
Q— . N.Y., Gr>d Cent. Station. Moh. 1, 1931
M
>79->86 1,000
1.500.000
6
M. «fe S. N. Y., Union Trust Co. Sept. 1, 1909
1889 L,000«fec
700.000
5
M. «fc N. N. Y., Gr. Cent. Stat’n. Nov. 1, 1939
1896 L,000«feo
725.000
J. «fe J. Rg.at G.C.S.jcp.at U.Tr. July 1, 1941
100
491,200
i 8' J. <fc J.
Jackson, Mich.
a%
1872 I 1,000
274.000
8 M. «fe N. N. Y., Union Trust Co. July, ’ 9 8 ,2 1
May 1, 1902
1873
1,000
150.000
8
M. < N.
fc
do
do
May 1, 1903
100
2 ,000,000
3^2 M. «fe S. N. Y., Gr. Cent. Station. 8 ep .l,’ 98,l% %
71<fe80 1,000
2.054.000
5
M. < S. N. Y., Union Trust Co. Sept. 1, 1901
fe
70,000 additio i issued to Oct., 189 8, but h eld by Co. and J. H. Ha
additio nal
mpson.

M e x ic a n I n t e r n a t i o n a l R R .—(See M a p )- R oad . - Owns in
Mexico a standard gauge road from Ciudad Porflrio Diaz on
Southern Pacific, via Torreon, on Mexican Central to Durango 540
miies, with branches, 76 miles; new branch to Tlahualilo 43 miles was
„p6M d S .pt 23, 189ft t»tal operated 659 mUe“ “
_
% e a b r a liK !
obi/ dl V» o 9p. 151. In A.pril 1898, it w&s rcDortGd thRt fiYtATision
from Durango to Pacific port of Mazatlan. Me^, was under con ^ruc
tion. Organized under laws of Connecticut.
unaer construe
Stock .—Authorized $25,000,000; issued Nov., 1897, $16,975,000.
B onds.—In 1897 reorganized, reducing fixed charges on 659
miles from $605,360 to about $448,650 Consol. 4s for $3 690 000
^ $ 8
0
0
^
0° r tr
369 miles of propose! b S h e i
and $800,000 are reserved lor betterments, etc. The total issue of
consols is limited to $16,000,000. The prior lien 4L>.s are seonreii on
line from Cuidad Porfirio Diaz to Durango, 540 miles and 75 tffiles of
branches. See details in V. 65, p. 151,1071. Cousol 4s of 1897 lister!
on N. Y. Stock Exchange Feb., 1898. See application in V. 66, p. 341.
E arnings- M ox. cur’cy. <1898...... Gross, $2,215,474; net, $8 9.-65
Jan. 1 to Aug. 31,8 m ths. (1897.......Gross, 2,017,559; net, 760,745
i e^h^:
f
o
r
y
? ar e? dm£ °eo- 31,1897, was given at
lengthin V. 66, p. 611, 616, see also editorial, p. 688, showing earnings
rene0 ^ n A tG n«Sn
v
L0 8 s^AefagrT °cf 659 rniles’ *3.043,037 (Mexican cur
^ + i ’°+ 8,8+0;
™ no,1 1 1
1 ?1 ?7’ net> including other income,
$527,569, interest, etc., $489,281; balance, surplus, $38,289. In 1896
g-oss (Mexican currency), $2,912,107; net, $1,065,022. Pr i rent T
H. Hubbard. N. Y. office, 23 Broad 8t. (Y. 66, p. 7 0 5 , 7 11.)
R R .—Owns narrow gauge road from Laredo
^ l ^ h r a ^ i h 6^ 0^?!42 n^ e+ ; Acambaro to Patzcuaro, 96 miles; El
Salto branch, 45 miles; Matamoras to San Miguel, 76 miles; small
snri10^ 8Lt«^vlle'T’ t0taln-ow?led’ if 0. 4 1111168» controls through owner>
«
6
2SJ' ° f
T6Xas Mexican Railway, Corpus Christ! to Laredo,
J®*a8’ o1 branch, 163 miles; other lines, 5 miles; total 1,232 miles.
*1
Gauge, 3 teet; rail (steel and iron) 40 and 45 pounds to the yard. In
i v98’ i extension of Patzcuaro branch, Patzcuaro to IJruapan,
about 47 miles, was under construction.
^ ’
H
i » « « Of the Mexican National Railway fore­
closed May 23,1887. See also Mex. National Ry. Co., Limited, below.
l i S l f 1“
^ t 18^5» holders of first mortgage [also called prior
lien] bonds accepted the plan for conversion of unpaid subsidy certifl* 8tS9516 85^nn1C« « t « 0Jnrn? ieilt«+ o f $4,54 .,300 uncoUected L b sid ?,
« settled by deposit
bonds* o f Mexican Govern­
$3,335,685, to be
ment 5s as security for the firsts of 1887.—(See V. 62, p. 593, 1139.)
$33,350,000 (par $100), placed in trust with the
Lo^1
1
Company, leaving the road in control of 1st and
2d mortgage bondholders until it earns and pays interest on both classes

M e x ic a n N a tio n a l R y . C o. L lm lt e d .-T h is d e p o s it a r y o m fu,JraS f.?rDa^d< D,,lu
< A<
«1
S98 per Pla a la v - 63, p. 1139, see i «,» p. 635,
A and B bondholders of the Mexican N itioual RR Co. to
give them more immediate and practical control” over that oomshare capital is £24,530 in 10s shares, and is deposited in
S « ; » S'i L a e ° ? « troi of the depositary company to the certificate
uoiaers. The certificates were issued in exchange as follow s: £250
A, certificate for a, $1,000 “ A ” bond deposited; £200 B certificate for
”
0'*nd and £ l2 o A and £1<)0 B certificate for a Matheson
* 4. 2nn rmo
r
1897> th6r. had been deposited all but about
e
f i ’ “ 00’999 of these securities. The “ A ” certificates have
Notes, ‘ B ” certificates
one vote for every com plete
a The
income
received from
the A and
B
bonds
deposited will be applied: (1) To sinking fund an amount n ot
exceeding 2 per cent of revenue collected: (2) to expenses of London
™ana46ment not over £ 2,000 yearly; (3) to 5 per cent dividends on
A certificates; (4) to dividends on B certificates. D ividends _On “ A ’
certificates, in 1898, April, paid £2 15s. 8d. per cent. Y. 64, p. 755
Address 85 Grace Church Street, London, E. C.—V. 65, p. 516. ^
M e x ic a n N o r t lie r u R y . —Owns from Escalon, Mexico, on the
Mexican Central Ry., to Sierra Mojada, 83 miles, all steel.
Stock .—Capital stock is $3,000,000; see application for listing on
N. Y. Stock Exchange in full, V. 64, p. 619.
K u

D
pIrIDE
c em ............... \
18931894189d to yearly 1898.
irer cent 8- ' ........ 5 l !l* *
6^
6
4 Sept,
B onds.—The mortgage is for $1,660,000, of which $347,000 held bv
the sinking fund in June, 1898. See Y. 60, p. 482.
J
E arnings—11 months, <1897-8......... Gross, $501,004; net, $281,344
July 1 to May 31.
(1896-7......... Gross, 568,088; net, 306,564
A nnual R eport .—Earnings as follows in U. S. currency:
.Tear.
G r o ss.
N e t.
O th e r i n c . C h a r g e s . D i v i d e n d s . S u m ', u s
96-7....$603,67L $329,991 $19,941 $135,439 $120,000 $ 9 ?4 9 3
95-6---- 763,671
421,226
13,873
142,080
120,000
173 019
9fr5^ V
643,619
7,526
135,284
120,000
95|861
—V. 63, p. 7 9 2 ; V. 64, p. 611, 619; V. 65, p. 6 7 9 .
M e x ic o C u e r n a v a c a & P a c . R R . —Mexioo to Cocula, 160 miles
in operation, and remaining portion of road to Acapulco. 150 miles
under construction in Oct., 1898. Concession from Mexican Govern
ment was transferred to present company June 9, 1891. Stock *6
OOO.OOn; par, $100; outstanding, Oct., 1898, $2.432,000. Bonds ($25
000 per mile authorized). 1st mortgage, gold. 50 year 5s, due Oct’
19 43, interest payable A. < O. in New York. Pres, and Gen Mgr j
fe
Hampson, Mexico City, Mex.; Sec. and Treas.. Charles Wheeier Den­
ver,
ver. Col. General offices, Mexioo City. Mex. V. 63. p. i k i
City,
63, n. 154.
M ic h ig a n C e n tr a l R R .—( S e e M a p a d j o i n i n g N e w Y o r k C e n t r a l
p a g e .) —L ine of R oad .—Main line—Kensington to Detroit, 270 miles*
m0rw
tgage> A. «&' B., bonds1one vote each1[24,530 and
1
Suspension Bridge (Canada Southern), 226 m iles’
in all]. The Mexican National Construction Company owns a ma- total Windsor to 496 miles. Branches owned and leased 1,147 miles •
mam line,
Y Y fZ °4
s4o2* aud $7,000,000 of the 3d mort. incomes -S ^ e V 6“ p trackage 111. Cen., 14 miles; total January 1, 1898, 1,657 miles’’
1115, V. 64, p 1137. Capital reserve fund Jan. 1,1897, held $734,786 There are 254 miles of second track and 925 miles of side tracks.
B onds.—The first mortgage of 1887 is a prior lien upon all the
, ^ ^ Gf¿ÍIZA2'I? N?.T'EAS
.E8»
1 he Michigan Central was chartered in
lines in Mexico, constructed or to be constructed, and upon the Texas 1846; the whole line, Detroit toTKensington, was opened in 1852. The
Mexican securities. The bonds are redeemable on notice at nar ■
lines described above as leased are all held by the Michigan Central
tees Hugh M. Matheson and Capt. W. G. Raoul O^iginal iMue * ! 2 5on
000, which has been reduced to present S e b y r e d e m n Z n l i « # » nominally under leases at fixed rentals. To enter Chicago uses the
Illinois Central from Kensington under a perpetual lease. The
sidy, $116,000 bonds being paid in 1897, against $46,000 in 1895
As to 2ci mortgage bonds see Supplement of April, 1897 and “ Mexi Terminal RR, owns from Union Stook Yards to Chappel, Illinois.
of the road
fe
can National Ry. Co., Limited” , below.
y
a Juexi inControl1898, as statedwas acquired by the N. Y. C. < H. R RR Co
April,
below.
qoq. ,ertes “ A ” t,?nd8 from earnings 2 per cent was paid March 1
Canada Southern Contract .—In Nov., 1882, a close contract was
•i^98
dg9®’ i-1 per cent on April 1 0 ,1896- 3 b o'
^
Mar. 22,1897, at Nat. City Bank, N.Y., and in London; 3 ^ p c in N Y made with Can. So. for the operation o f its road. The contract provided
City on April 4, 1898. Temporary loan of 97, $^OO.OOO Y 6 6 - p! 666.' for a re-apportionment every five years and in the re apportionment
,
December, 1892, it
there­
E arnings - 8 months, 5 1 8 9 8 ....Gross, $4,045,226; net, $1,832 340 after receive 40 perwas agreed that the Canada Southern should of the
cent and the Michigan Central 60 per cent
Jan. 1 to Aug. 31.
(18 9 7 ---- Gross, 3,9s8,6»7; net, 1,944’284
first $1,000,000 of net earnings, any amount over that to be divided
. ^ 6t available for interest (8 mos.), $757,729 in 1898; $994,14t in as theretofore—one-third to C. S. and two-thirds to M.C.; but under the
0T1
T1 |ure8 are 1 1Mexicancurrency to be valued at 80 cents on original contract each company is accorded all benefit from reduction
1
the dollar in U. B. money, all other depreciation having been allowed for m its fixed charges. The M. C. to Jan. 1,1898, had reduced its charges
. A nnual R eport —Fisoal year ends Dec. 31. Report for 1897 with $327,000; this sum is therefore credited to it before the division
the balance sheet, etc., was given in full in V. 66, p. 661, 666: see also made.—(V. 64, p. 5.)
editorial p. 642. Gross below are in Mexican currency, all other figures
Capital Stock .—The stook has remained at same amount since L37**
in T . 8. currency. Mexican currency is reduced to U. S. currenov at 8
T
D ividends ) >83 *84 >85-86 >87-89 '90 >91 >92-94 >95 to Aug., >9
p. o., all loss a&ore this being charged off in exchange account
P ercen t— 5 5
3
nil. 4 yearly 5
5 5 ^ y’rly
4 y early
INCOME ACCOUNT— (U, S. CURRENCY EXCEPT GROSS EARNINGS)
Bonds.—The J a c k s o n L a n s i n g < S a g in a w b o n d s were assumed by
£
Year end’g Dec. 81— 1897.
1896.
1895.
1894
Michigan Central, which also guarantees in perpetuity 3 ^ per cen tón
Miles operated...........
1,218
1,218
1 218
1 218
the stock. The B a y C i t y < B a ttle C r e e k mortgage is for $1,800,000,
e
Gross earnings..........$6,080,663 $5,299,025 $4,513,206 $4,329 079 but amount outstanding is limited to $15,000 per mile. The
Net earnings ..........$2,388,991 $2,020,766 $1657 126 $1,513 570
#
i8!ü®
B a ttle C r e e k < ¡ S t u r g i s bonds is $500,000, but
S
Subsidy receipts............................
. . . . ___
. . . . ___
’ 99,110 oi this $79,000 was sub-guaranteed by the Lake Shoro < Michigan
-fe
r
h
t^ e B* °* * s * being operated by that company.
Total net ineome..$2,388,991 $2,020,766 $1,657,126 $1,612,680 The Bay City < Battle Creek and the Battle Creek < Sturgis Issues both
&
fe
Int. on Ist M. bonds.. $680,720
a
:11
$687,755
$693,070
$694,680 oarry S ^ ? uar, ilíy o f 1 6 Michigan Central endorsed on the bonds.
Exchange.................... 1,175,449
In 1896 bonds for $1,500,000 were authorized on terminal proper
805,120
707,941
718,071
Miso., bet’m’ts, e to ...
114,456
ties acquired in Chicago and East Chicago, and $725,000 o f 4 p . o
125,269
97,227
74,761 bonds haye been issued.—V. 64, p. 886.
'
v
J^Ï.I9,N8>R ances, «fee—The road is operated under a close con
B alance...............sr.$418,366 sr.$402,622 sr.$158,888 sr.$125,168 - ° ^ B
tract with Canada Southern, and the earnings of both roads are included
—(V. 64, p. 517, 548, 563, 509; V. 66, p. 661, 664, 666, 760.)
m the statistics below. As to division of profits between the com -




ÔCTOBËÈ, 189B.5




KAILKOAD STOCKS AND BONDS.

f

88

IN V'ESTOKS*

SUPPLEMENT.

[V ol . LXVII.

Subscribers w ill confer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In these T ables
~ vutuiim IlüttUlIlgö,
on first page of tables.

9

Ronds—Princi­
INTEREST OR DIVIDENDS.
Dale Size, or
pal,When Due.
Amount
Of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
•Whom.
Dividend.

M i c h i g a n C e n t r a ^ C o n c lu d e d )—

^
P;»
Sold, gu.p.&i. end.c
18 1889
l8t J1-» gold, gu. p. &1. end.o
41 1889
*/•2j , , ® North.Indiana 1st M., guar. p.&i. (end.).<
45 1877
M id d le to w n TJn. A W . G a p — IstM ., ex t.ln ’ 86.......o’
13 1866
Sd^ortgage, int. guar. ext. In 1897 (see text)..o’ ,
1871
M i d la n d T e r m , lstm ., $600.000,gold, red. at 105.. .<
30 1895
M i l l C r e e k A M i n e H i l l N a v . A lift.-Stock
M ilw . B e n t o n H a r b . A C o l.— Consol. M., g., $900,00*(
60 1897
M i l w a u k e e L a k e S h o r e A W e s te r n —See Chicago < Nort h -Wes
S
M i l w a u k e e A L a k e W in n e b a g o —Com.stk.$l,000,00(
....
1st preferred stock, $980,000, 6 per cent, cuni...
2d preferred, $600,000..................................
1st m ortgage,gold...............................
""""¿i
66 1882
Man.Div. 1st M., $1,000,000, g.sub.to call 110..c<fci
1895
Divisional construction scrip, gold, red. at par..
Income mort. (cumulative), gold........................o'
*66 1882
Debentures, convert., gold, see remarks...........c
1884
M i l w a u k e e A N o r t h e r n —See Chicago Milwaukee A St. Pa ul.
.
M in e H ill A S c h u y lk ill H a v . —Stock (6 p. ct. rental).
52
M i n e r a l R a n g e —Stock $400,000........................
New consol. M., $600,000, gold, red. at 105. ___c
17 1891
M i n n e a p o l i s & S t . L o u i s —Common stock...........
1st preferred stock, 5 per cent, cumulative.......... .
2d preferred stock, 5 per cent, non-cumulative... . . . .
1st M., Minn, to Merriam Jc., g o ld ....................o*
27 1877
1st mort., Merriam Junction to State Line,gold, e*
93 1877
1st M. Minn.& Dul., Minn, to White B.Lake, gold.*
15 1877
Iowa exten. 1st M., g.(Al. Lea to Fort Dodge)g.c* 102 1879
M orton Southwestern exten., g. ($12,000 p.m.)c*
53 1880
Pacific extension 1st mortgage, gold..................c*
92 1881
First consolidated M., $10,000,000, gold.......c*&r
1894

$1,000
1,000
1,000
100 &c.
500 &c.
1,000
1,000
TERN.
100
100
1,000
1,000
1,000
1,000
50
100
500
100
100
100
1,000
5ÖO&0.
1,000
1,000
1,000
1,000
1,000

panles, see explanation V. 64, p. 5. All bette:
to the road have been charged to operating expenses.
In 1898 purchase was arranged of the capital stock by the
N. Y. C. & H. R. RK. Co., which is to give in exchange its 3*2 per cent
100-year gold bonds at the rate of $115 in bonds for $100 in stock.
V. 66, p 759.
In' Oct., 1898, $15.620,000 of the $18,738,000 stock had been ac­
quired by the N. Y. C. & H. R. RR. V. 66. p. 1238.
E arnings —For six months ending June 30,1898, (partly estimated):
6 mos.
Gross.
Net.
Charges. Can. So. Dio’ds. Bal.sur.
’ 98(est.).$6,972,000 $1,752,000 $1,212,000 $150,000 $374,760 $15,240
’ 97......... 6,554,000 1,749,000 1,206,000 152,000 374,760 16,240
A nnual R eport .—Annual meeting Thursday following first Wednes­
day in May. Report for 1897 in V. 66, p. 897.
Traffic.—Of the 7,470,951 tons carried in 1895, grain contributed
8*7 per cent; bituminous coal, 10*4 p. c,; anthracite, 6-8 p. c.; lumber
and forest products, 20-7 p. c. Average rate per ton per m. *617 cents.
In 1896 carried 7,276,270 tons; average rate *636 cent.
Year ending Dec. 31— 1897.
1896.
1895.
1894.
Gross earnings......... $13,697,238 $13,821,614 $13,651,419 $12,584,012
Net earnings............ 3,447,728
3,429,263
3,468,188
3,439,905
P. c. op. ex. to earns..
74-83
75-19
74-59
72-66
N et,inorgotherino.. $3,492,347 $3,468,948 $3,517,265 $3,484,555
Rentals paid..............
184,310
----------184,310
184,310
184,310
Interest on debt........ 2,230,714
2,210,255 2,217,891
2,216,875
Can. Southern share.
282,402
296,474
304,715
287,808
Dividends.................. (4)749,520 (4)749,520 (4)749,520 (4)749,528

$250,000
421.000
800.000
150.000
250.000
600.000
323,375
405.000

3
3
7
5
5
5

10
5

J. &
J. &
J. &
M. &
J. &
J. &
J. &
M. &

1,000,000

780.000 See text.
520.000
1.430.000
6 g.
1 , 000,000

75,000
520.000
244.000

6g-

7 g.
5 g.
6 g.

4,210,200
5*2
393,400
340,500
5 g.
6,000,000
2,500 000 5 in 1898 J.
4,000,000 3*3 in ’ 98 J.
455.000
J.
950.000
7 g- J.
280.000
7 g- M.
1.015.000
7 g- J.
636,000
7 g. J.
1.382.000
I
A.
5.282.000
5 g' M.

D,
D.
J.
N.
D.
D.
J.
S.

N. Y., Union Trust Co
N. Y., Union Trust Co
N. Y., Farm. L.&Tr. Co,
N. Y., N. Y. Susa. & W,
do
do
N. Y., Farm. L. & T. Co,
Philadelphia.
N.Y., Mercantile Tr.Co.

Dec. 1. 1989
Dec. 1, 1989
July 10,1907
Nov. 1, 1911
June 1, 1910
Deo. 1, 1925
July, ’98, 5%
Sept. 1, 1947

& A. Boston, Of., 50 State St. Feb.15,’9 7 ,3%
& J. Boston, Merch.,Nat.Bk.
& o. 1st coupon A pr.l, 1897
mat.
& J. Boston, Merch. Nat.Bk.
& o.
do
do

July
Oct.
Oct.
July
Apr.

1,
1,
1,
1,
1,

1912
1926
1900
1912
1904

& J. Phila.,Office, 119 8. 4th. July 15,’98,3
Aug.,’97,3 *3%
& J. N. Y., Nat’l City Bank. Jan. 1, 1931
&
&
&
&
&
&
&
&
&

J.
J.
J.
D.
N.
D.
D.
O.
N.

N. Y. Central Tr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

Jan.
June
Jan.
June
Dec.
Apr.
Nov.

'98,2*3
, ’ 98, 2
1 , 1907
1 , 1927
1 , 1907
1 , 1909
1 , 1910
1 , 1921
1 , 1934

into preferred stock, and Nos. 201 up into common; the lessee pays in ­
terest on them during first ten years after issue.
,
Cental in 1893-94, $174,641; in 1892-93, $204,324
in 1891-92, $200,843; in 1890-91, $198,591. In 1897-98 net over ex^ ^ 9 7 . M y ! a6 3 , p f | l 7 ; ^ k ? p ^ S i ^ ' ^ $201,484; balance, surplus,
M in e H i l l & Sch u y lk ill H a v e n H R .—From Schuylkill Haven
to Locust Gap, Pa., etc., 52 miles. In 1897 rental reduced to 6 p o
on stock under new lease for 999 years from Jan. 1, 1897, to Phila. &
Read. Ry. Co. Dividends paid stockholders are 2*3 p. c. in Jan. and
o p. o. in July, *2 p. o. being deducted for taxes.—V. 63, p. 1011.
M ineral R a n ge R R .—Houghton, Mich., to Calumet, Mich., 14
miles, standard gauge; branches and sidings, 3 miles; total, 17 miles.
/J S i8£OBT’ E tc*
—Operated in close connection with Hancock & Calumet
(which see.) Reorganized in 1891. In year 1895-6 paid dividends
10*2 p. o.; in Aug., 1896, 3*2; Feb., 1897, 3*2 p. c.; A u g.f1897, 3*2 p o
B onds.—The consolidated mortgage covers all the property, including
$250,000 of Hancock & Calume„ stock, whioh ±a five-sevenths ui nne
it
is uvo-oovoutus of the
whole Issue. Mortgage is for $600,000, of which there are reserved fo r
old bonds $7,000 with trustee. There are $13,300 old bonds outstandmg. Loans and bUls payable June 30,1898, $148,500. Of tonnage
carried in 1897-8, bituminous coal was 25 p. o.; lumber 8 p.o. and for­
est products 10-5 p. o.
*
year ending June 30, 1898, on 17 miles, gross
$139,732; net, $40,049; other income, $12,072; interest, etc., $26, - 39*;
dividends (3*q p.c.), $13,769; bal., surplus for year, $12,413. In 1896-7.
^nUamYtreet9i i nY ’ $54’ 497, In 1895' 96»gross, $112,045. Office, 45

Surplus................
$45,401
$28,389
$60,829
$46,034
M in n eapolis & St. L o u is R R .—( S e e M a p .) — Owns maiD line.
—(V. 65, p. 1 2 1 7 ; V. 66, p. 617,664, 760, 89 7 ,1 0 0 2 ,1 2 38 .)
Minneapolis to Angus, la., 260 miles; Western Div., Hopkins to Morton
M id dle T e n n . & A la . R y .—Purchased by Nashville Chattanooga 93 miles; Kalo Branch, 1*2 miles; Lake Park Branch, 1*2 miles; total
& St. Louis in October, 1897.—V. 64, p. 888,1001; V. 65, p. 621.
operated, 356 miles. Leases trackage from Minneapolis to St. Paul
M id d le to w n U n lo n v llle & W a te r Gap R R .—(See Map N. Y. uT^.r C. R. & Nor., Albert Lea to 11 mile8- A*80 owns, but leases to
Bur.
Iowa State Line,
miles, and from
Susquehanna A Western.)—Owns from Middletown, N.Y., toUnionville Minneapolis to White Bear Lake, 13 miles, whioh13 leased to the St.
is
N. J. State line, 13-65 miles. Stock, $149,850; par, $50. Controlled Paul <fcDuluth Railroad. Operates, but accounts kept separate. Wisthrough ownership of stock by New York Susquehanna & Western, consin
Pacific Ry.,
miles. See
which pays interest on bonds. Principal of the second mortgage 5s. L. RR. Minnesota & terminals in 21765, p. 732. description of M. & St
Minneapolis
V.
due Deo. 1,1896 ($250,000), was extended at same rate to 1910. In
The Minneapolis New Ulm & Southwestern Ry. ir o n WinthroD to
ear ending June 30, 1898, gross, $49,986; net, $19,922; charges New Ulm, 18 miles, was opened in J uly, 1896. Its securities are
20,000; bal., deficit for year, $78. In 1896-97, gross, $47,900; net owued by the Minn. & St. L.—V. 63, p. 646.
$19,717.—(V. 63, p. 1010,1159; V. 64, p. 664.)
’
’
as per plan given in
R y .—ROAD.-From Divide, on the Colorado V.H istory .—A reorganization in October, 1894,sold Oct.
59, p. 371, of the Minneapolis & St. Louis Ry.,
Midland RR., to Cripple Creek, 30 miles; opened in Dec., 1895 foreclosure under improvement and equipment mortgage. 11,1894 at
This line shortens the distance from Denver to Cripple Creek about 70
The capital stock of the new company is common, $6.000 ^ i’00? ’? 0 0 I Par- $ 100- The first mortgage was for $1,- „ S tock;.-—
000,000, but reduced by cancellation to $600,000; bonds are redeema­ 000; first preferred, 5 p. c., cumulative, $2,500,000; second preferred
5 p. o., non-cumulative, $4,000,000. Under the plan, old common and
ble at 105. For year ending J une 30,1898, gross, $429,79 J; net, over
2££rk £ ?pens68’ t, x. s ,and rentals, $181,206; annual Interest charge old preferred were assessed $25 per share, new first preferred being
a e
$30,000. Annual sinking fund equal to 5 p. c. of gross earnings be^an issued for assessment. All classes of stock have equal voting power.
June 1,1898, to purchase o rto call at 105. President, D. R. C?Brown , D ^ ^ s - O * * first\p r e f e r r e d : In 1895, 3*3 per cent for 8 months
o f Aspen, Col.; Vice-President, Treasurer and Gen. Man.. W. K. Gillett’ in 1896, 5 p. c.; m 1897, 5 p. c.; in 1898, Jan., 2*2 p. e.; July, 2*2 D c 5
—V. 61, p. 967; V. 66, p. 520.
On s e c o n d p r e f e r r e d non-oum.: In 1896,3 p. e.; in 1897, 3 p. c.; in 1898'
“^
M ill Creek & M in e H i ll N av ig a tion & R R .—Palo Alto to J aiL .12 p- C-; July, 2. Yearly rate increased to 4 p. c. in July, 1898’
—V. 66, p. 1189.
New Castle, Pa., 3-8 miles; branch 2-8, second track 3*8 miles: total
track, 29 miles. Leased July 25.1861, for 999 years to Phila. & ReadB onds, E tc.—Bonds issued under the mortgage due June, 1927 num
ing RR. and leased assumed in 1893 by Phila. & Reading Railway; bered from 1,101 to 1,400, for $500 each, additional to those above,
rental $33,000 and all taxes.
a were assumed by the Burl. Cedar Rapids & Northern RR.
The new first consol, mortgage (see abstract V. 59, p. 1145) Drovides
M ilw a u k e e R en to n H a r b o r & C olu m b u s R y .—Completed
(Sept., ’ -*7), Benton Harbor to Buchanan, Mich., 27 miles, to extend to for the issue of $10,000,000 first oonsol. 40 year, 5 p. c. gold bonds of
Nappanee, Ind., on the B. & O. RR. The capital stock at consolidation which are reserved $4,718,000 for underlying mortgage, the remainder
was $600,000; par, $100; outstanding Feb., 1898, $270,000. The com­ to pay past-due coupons, to retire or acquire certain outstanding bonds
pany has filed a consolidated mortgage to secure $900,000 of 50-vear and for expenses, etc. The mortgage covers all the propertv. eauinment, franchises, etc., of the company. '
,
H *
5 per cent bonds. The officers are President A. A. Patterson Jr
Benton Harbor. Mich.; Secretary, Fred. McOmber, of Berrien Springs’
G eneral F inances. —On June 30,1898, there were no loans and
Mich. Treas., F. L. Reeves, New York City. (V. 65, p. 572.)
’ bills payable, and the company held in its treasury consols $282 000
M ilw a u k e e & L ake W in n eb a go R R .—Owns Neenah to Schleis- and M. & St. L. stock of par value of $396,800, etc.
ingerville, Wis., 65 miles. Manitowoc Extension, 45 miles, was opened
E arnings—2 mos., > 1898................ Gross, $343.563; net, $138.059
in July, 1896. Leased for 99 years to Wis. Cent, at 37*2 per cent of
July 1 to Aug. 31. 5 1897.................Gross, 373,199; net, 142,163
gross earnings as rental; but after $175,000 per year is received
A nnual R eport .—Fiscal year
30. Report
1897
the balance o f net earnings is to be equally divided. In May 1897 given at length in V. 67, p. 786, ends June also editorialfor 768. 98 was
791. See
p.
lease suspended and an arrangement made by which Wisconsin Cen’
Earnings—
1897-98.
tral was temporarily paid, without prejudice to ultimate claim under
1896-97.
1895-96.
lease.net earnings in lieu of rental—see V. 64, p. 903. The Manitowoc Passengers....................................... $457,480
$412,084
$405,605
Extension was leased until August 1,1897 “ for substantially $72,000 Freight.............................................. 1,650,508
1,469,069
1,500,379
138,593
125,350
perjannum.” —V. 62, p. 1098. There are three car ferries across the lake Mail, express, &c.................
122,316
at Manitowoc.— 62, p. 636.
V.
.$2,246,581 $2,006,505 $2,028,300
D ividends .—Preferred paid 9 per cent per annum to Feb., 1894
. $878.665
$807,377
$824,748
being regular 6 per cent, and on account of accrued back dividend an
112,703
96,949
additional 3 per oent; in 1895, 6 p . c.; in 1896, Feb., 3 p. c.; Aug., 3
87,572
p. c.; in 1897, Feb., 3 p. c.; none since to July, 1898. In February
Total net income.
$991,368
$904,326
$912,320
1893,10 per cent extra was oaid. Only 5 p. o. accumulated dividends
680,540
580,540
580,540
on preferred remained unpaid in Dec., 1896. The Manitowoc Exten­
265,000
245,000
245,000
sion and Terminal improvements in excess of the divisional bonds are
paid for out o f net earnings and dividends are meantime suspended
$86,780
on preferred stock.
President (Elected Oct., 1896),'Edw in Hawley. V ’
B onds.—Debentures Nos. 1 to 200 are convertible on any coupon day -V 65, p.461,715, 7 2 4 , 7 3 1 ; V. 66,p. 1189; V .6 7 ,p. 768, 7 8 6 7 9 1 .

f




STOCKS AN D BONDS
RAILROAD
O ctober , 1898.1




90

INTESTOKS’

SUPPLEMENT.

[V ol.

l x v ii.

Subscriber« w ill confer a great fa v o r b y g iv in g im m e d ia te notice o f a n y error discovered In these T a b le s.
r a il r o a d s

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation of column headings, &c., see notes of
Amount
pal, When Due*
of
Par
on first page o f tables.
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
whom.
Dividend.
8te‘ ^ ¿ « - C o m m o n stock
$100 $14,000,000
mrni61s i n U f l ^ 7 per cent, non-cumulative___
100
7.000.
000
®ault Ste. Marie & Atlantic 1st M. gold c
495 1886
1,000
8,280.000 4 g. & 5 J. < J N. Y., Morton, B. « s Co July 1, 1926
fc
Minneapolis & Pacific. 1st mort., *15,000 p m e
S
286 1886
1,000
3,130,000
4 (5) J. < J
fe
Consol. M., gold, int. guar. (end )-S e e t e lt
e
do
do
Jan. 1, 1936
970 1888
1,000 16.935.000
Income certificates...
rexi;....c
4 g J. & J,
do
do
July 1, 1938
1890
771.000
Car trusts June 3 0 ,1 8 9 8 .." I l l " " / " .................
July 1, 1900
713,645
New York « s Chicago. 1897 & 1903
S
K}v e r < Bonne Terre—1st'm ortgage." .
£
1893
500.000
6
Miss. River Hamb. < W.—1st M., gold, $400 000 *c
&
Bonne Terre, Mo.
Nov. 1, 1898
1897
1,000
Mississguoi Valley—Stock........
’^
’
c
(?)
5 g- M. & N. N. Y., Col. Trust Co.
Nov. 1, 1917
500.000 «
See text J. < J.
M isso u ri K a n sa s & Texas—Common* sine r ........
fc
St. Albans, Vt.
Jan. 1, 1896
viöO 52.450.000
r vcent n on ™ ia ttv e:::::;
Dec. 23 ’97,ig%
100 13.000.
000
m
f m6? 8? 0 l s i mort-> gold, s. f., red. at 100.. 100 1870
1,000
187.000
J. « s D.
S
Office, 45 Wall St. June 1, 1903
1,601 1890 500 &c
l g J. «S D. N. Y. do
<
s
(formerly incomes), see text, goid M e " 1,601 1890 500 «fee 39.813.000
do
4 gJune 1, 1990
000
20.000.
P. « s A
S
do
extension bonds, gold, $20,000 p. m ...c*
do
June 1, 1990
1894
1,000
998.000
M. « s N,
S
do
do
Nov. 1, 1944
M2d M., $500,000 gold, ’guar., assumed....
^ &^ v i nnnls t T^‘ $ 4’000>
000 g-, assumed. Ì62 1892
1,000
4.000.
000
2d
s
do
do
Apr. 1, 1942
162 1892
g g- a . «S a
1,000
500.000
Guaranteed bonds—
S
do
5 g. A. « s O.
do
Apr. 1, 1942
Kan. CityWaco 1st M.,$20,000 p.m.,intpgu end n 125 1890 1,000 2.500.000
& Pacific 1st mort., gold,
Dallas &
g/ ^
F. « s A.
S
do
do
Aug. 1, 1990
67 1890
1,000
i g M. «S N.
<
1.340.000
s
M. K .& T.in Texas 1stM., $20,Oo6p.m. gold IS 'e
do
do
Nov. 1, 1940
132 1892
1,000
«g
>
2.685.000
s 8.
do
do
BT ieVl^ e
gold., gu., dr’n at i §0 o"
Sept. 1, 1942
1873 $ & &
n g. M. «S N.
480.000
S
7 g- M. « s
do
do
M & M * - r l ? { companies operat'd separately—
May 1, 1906
H W. Coal &Imp.,N A T 00p-m,g-’§u-»P-*i-(end-)o* 155 1893
hw hn n fiV T t ^ IstM.guar. p.& i.end. s. f. in ’O
$2
1,000
1.100.000
5 g.
S.
Q
& D.
do
do
June 1, 1943
1889
1,000
1.000. 000
6
« s J.
S
do
P a cific—Stock, $55,000,000 authorized.
do
1929
100
47,442,375
Pac. RR. of Mo. 1st mort., extended in 1888, gold 283 1868
N. Y., Mercantile Tr. Co. July 15,1891
1,000
7,000,000
F. & A.
^d mort ext. In 1891 in gold, St. L. to K. C c* 283 1871
do
do
Aug. 1, 1938
1,000
i g- J. & J.
2.573.000
do
do
iF ’ J A LoP ,s real estate, ext. in 1892, gold
July 1, 1938
1872 500 &c.
5 g- M. & N.
800.000
do
do
5 gw tM '/Caroi}i e i?tB r ->S-,gu. p.<&i.(end.)ext.’93
May 1, 1938
13 1873
500
237,500
4 1 g. A. & O.
a
3d M. (cover’g all property of Pacific RR. of Mo.) 296 1876
do
do
Oct. 1, 1938
1,000
3.828.000
7
M. & N.
do
do
Nov. 1, 1906
M in n ea p o lis 8 t. P a u l «& Sault Ste. M arie lt v —Own« Minn«
apolis to Sault Ste. Marie, Mich., 490 miles ; b ra n c^ I,' 32°muIs^from
Minneapolis northwest to Kulm, No. Dak., 308 miles; Hankinson te
Internationa1 Boundary Line, No. Dak., 344 m iles; trackage te lfinneapoxis, St. Paul, ©tc., 20 mil©s; total, 1,195 miles In Oct 189ft
sion from Kulm, N. D., to Napoleon, a b o u t 57 m i e s r e iio r t e d t o b e
operated, and being completed towards Bismarck.
P
t0 De
H ^i+T
a
«+«Tii7F®n ^ed* i un®’ 1888> toy consolidation of the Minneapolis
;
Sault Ste. Mane <s Atlantic, the Minneapolis < Pacific etc fSee V
S
fc
46, pp. 538, 609.) Controlled by Canadian Pacific
(See V.
*Q Q
8
n + °’ JA !A A A 98’ owned $7,066,600 common and $3 Pa1
533,400 pref. stock and $2,760,000 consols.
* ’
9 a11, p ao. guarantees by endorsement 4 per cent interest on
VU5 pb784* v S51t l ng 9
t0
°9Q reduotion of iutere8t to 4 per cent. (See
v. ou,p. 784, v. 51, p. 239. Aoout one half the Minn. < Pac. bonds
fc
ailA p*ac^icaP 7 all of the other issues assented. V. 54, p. 799 1
Minneapolis Sault Ste Marie < Atlantic mortgage in V 45
£
P-243. The consol, mortgage o f 1888 (trustee, Central Trust Co., mort
gage abstract Chronicle , v . 47, p. 142), was for $21 000 000 on son
miles (sufficient of this amount being reserved to retoe the p?k2
bonds), and for $20,000 per mile on all additional mileage.
P
G eneral F inances.—On June 30, 1898, funded debt, $29.829 646’
$3>
31?>658; cash and current assets $1,084,630. Of
1116 ^2,661,344 tons earned m 1897-8, lumber furnished 33 ner cent
grain 12 per cent, flour 14 per cent.
per cent’
L atest^Earnings. - 2 m .) 1 8 9 8 ........Gross, $634,2 !3 ; net, $ 2 3 7 /8 1
July l to Aug 31.
5 1897............Gross, 644,566; net, 264,705
$ 1 3 o S ? i i t o ? e s ? 9^
$4,175,718; net. $1,738,818; rentals,
$i«iu,t>ob, interest, $1,206,074; surplus, $402,188. (V. 65, p. 6 1 7 .)

I flrsts^1nT,g Qi«t illlulieTiI1<lianJrei,ritor7, Firsts are reserved for T. < N
1
fe
1Payment n K ™ ^ a n g e to Oct., ’98, $39,718,000 had been listed
theywunoiifo f a 5 2 ° ? Q lle se™nd mortgage o f 1890 is obligatory since
Q
terest yearly A g‘
1895’ As moome toonds they received 2 p. e. inassume^Yn^l^A^iaoR^H East^ n &omfs originally guaranteed were
Franklin ma ^ «’ ri896, l he r? ad forming the St. Louis extension from
a ranklin, Mo., to Texas Junction, Mo., 162 miles. See V. 63, p. 30.
P M ifl^ l^ in A ^ ini ere^ is guaranteed on $2,500,000 Kansas City «fc
st
, 0 4 per cent bonds and on the Booneville Bridge 7s, and prineipal and interest on Dallas < Waco bonds (issue limited to $1,340,000).
fc
*t
T\in ^exai
August, 1892, filed a mortgage to secure
t I bv ™ ° ° ° of r onds at $20,000 per mile for extensions in Texas
i
te^ Cemrll Trn St r'n p” ncipal and interest and are so endorsed; trus­
tee central Trust Co. See above, and guaranty V. 56, p. 604.
n<rthe x f e e d w \ 9nron o’° r< A ^ t h e r n mortgage is for $6,100,000 at
*9^ S n ^g/i^22’° ° 9 pei mlle; authorized, $3,100,000, of which
n
O O ^ fs s u e d t^ M ^
ttoe M. K. & T. nmrtgage of 1890, and $1,050,F««t r ii.«d^
& Tstandard-gauging the road, formerly the
East Line < Red River. See below. The line isoperated separately.
&
M
o
r
t
^ ImProvem,ent Oo.’s bonds are guaranteed.
S
» r i $tlw 0,000) COV1rs the 00al 0n 51.000 acres in Indian Ters o n / w a Q h i t » m p a n y also owns 2,350 acres additional, the D eni­
son < Washita Ry., 15 miles, mines in active operation, etc.
fc
i £ ^ lliP ^ ent ^ otes—T>otevre& payments due for cars, eto., on July 1,
1898, were—payments extending till November, 1905. to be made

note8' defer^ d pa7mZti

rU a
A'
mUesSSlfeas1
edI
i8 *; A1toaus to Richford, Vt., 28 u iu | fr o m K a m M c !t y lo ^ lv e ^ o ^ ^
6 deveicpment of the export traffic see V. 63, p. 697.
c f 4 V* c m stock o f ^ n rfe n n C^ntr+ Vermont RR. at annual rental
al
The second mortgage 4s became fixed interest bonds Aug. 2,1895.
h a n d in ' M^rch i
C ^ ra iV e rm o n t went into receiver’s
over ^
t
o
t
h
a
t
alley uet earnings are now paid
Gross,
net,
TulivT
2
i
\
dend was paia in July, 1896, or January or July, of the lease. No divi- E J uiy 1tA _An ^31.ll8> 5 i l o ? ............ Gross, $1,659,457; net $411,892
m id
v7 i 8or « g i “ 3 dl8P08]tion 1897* Tunel iftQ7 i
P
,1
to Aug.
1897............
1,795,688;
518,899
uena was
per cent was paid; Nov. 1, 1 p. c.; Dec? 2 3 ,1^ 97, 4 p .’c
’ 89?’ 1
A nnual R eport .—Fiscal year ends June 30. Annual meeting first
Thursday after first Monday in April. Report for 1897-98 was given
M i s s i s s i p p i R i v e r H a m b u r g «fc A V e s t e r n — H a m W e - t o t « '
cent'vearlc-’ i*Ann bom $20,000,000 2d mortgage bonds on which 2 per

iffiS eiS S S S

Mo" *47 mu<£p l f i S k

6aOTi*“1 beo“m6 “5ea inter
Fear end. June 30.— 1898.
1897.
1896.
1895.
Aver.miles operated..
2,197
2,197
2,147
2,028
Passenger earnings...$1,919,556 $1,818,188 $2,071,406 $1,970,905
o U1^ ” Rlver8ide 10 D°e Ron,
Freight......................... 9,559,000
9,107,207
8,388,544 8,986,779
8tLeaa c°: Mail, express, etc....... 568,680
552,919
577,036
586.679

Mo., extending southerly across the Indian Territory m d the Dsxas oot’
ton belt to tidewater at Galveston, on the Gulf of Mexico. It embraces !
Road owned.
Miles Operated—not owned.
Miles
Hannibal, Mo., via Denison <
fc
Henrietta to Wichita...........
is
Whitesboro, to Henrietta.. 689
. Operated jointly. " '
Juno. City, Kan., to Parsons. 158 St. Louis to Texas Junction.
24
Texas Jet. to Franklin J e t... 162 Kansas City to Paola.
43
Ft. Worth to Houston, T ex.. 327 Whitesboro to Ft. Worth "
Paola, Kan., to Sedalia, M o..
86 Galveston Hous. < Hend " I 71
&
50
Branches (9) to Mineola, eto. 419
Total operated.............
2 197
Total owned......................... 1,841
Operated separately’ '
Road leased.
Miles. Sherman Shrev. < Southern— *
fc
Paola to Stevens, eto.............. 150
J’ffers’n to Greenv. ,Tex. ,<&c. 155
“ 18? ° ’ without foreclosure, [plan
J 19’ ] ^ 6 old, 0X84 mortgage being paid off at par.
L
P
•
®ut|re capital stock of the “ M. K. «fc T. Railway Co of Texas ”
fhe M O «fc T. security holders. (V. 54. as 1047; V. for p. 298 ) M K
P K. dm
Ä
Wltl1 £ entrs& Trust Co- p. trustee 55, the benefit of
the M
« Eastern was absorbed in June, 1896.—V. 63, p. 30. P
&
1
ja.
G®A T,-—Band grant in Indian Territory 3,110,400 acres sub­
N
ject to extinguishment of Indian title. For status in 1897 and is o s
see V. 67, p. 222; V. 65, p. 542, 594. (V. 55, p 937; V. e i / p 1155.) ’
stpekas above the Boonville RR. Bridge Co has
Fnciuded°bv M°K &T
w i f 1T‘ ° l TeA«a8Aa8 $2-012.5^0 o f stock
i“ 0T .a ? L « A * ?• in its toalance sheet in the outstanding capital.
n“
the common stock was increased from $47,001,000 to
$52,450,000 to absorb subsidiary lines. See V. 63, p. 93.
W
T rastD ^ ^ i v » )8^ d t8n/ theflTtt m° rt9a0e o f 1890 (trustee Central
C
¿ru st Company) and of
second mortgage (trustee MercantliA
Trust Company) were in V. 51, p.495. These mortgages cover the
a1
Hannibal, Mo,, to a point 80 miles from Houston, Tex
“ J. 68 [except 71 miles of trackage] and sundry
0
branches, the total mileage mortgaged being 1,601 miles, including the
Sherman Shreveport & So., formerly the East Line < Red River r r
fe
^ % bT n*?r «tiSd d r‘ ShA & So-, except $1,050,000 [turned over toM l
for standard gauging the line [are deposited as part security
fo r the aforesaid mortgages. These mortgages also cover the right to




„ Gross earnings....$12,047,237 $11,478,314 $11,036,987 $11,544 363
Oper. exp. and taxes. 8,182,388
8,337,399 7,704,100^8,421,184
Net earn.,inc.oth.incf$3,9^3,939 1T$3,277,915 $ÎL332'887 " Ü , 123*179
Interest on bonds---- 3,061,760
3,061,760 2,983,960
2,612,943
Rentals., <fcc................
397,422
365,507
332,534
285,497
__ Balance............sur. $174,758 def.$149,352 sr.$76,393 srl$224,739
U $69,090 in 1898 and $137,000 in 1897.—(Y. 67, p. 222, 631.)
rnad^AYtlÏAtir
Î K y . —RoAD—Operates an important system of
roads extending westerly and southwesterly from St. L ou is/M o inc^ d m g main lines from St. Louis to Omaha, Neb., 495 miles, and from
sas eto CT h ™ 9 r the St.C0l,’ - Iron Mt. < Southern, which it cou crois,
r
7 8
many toranohes in Kan8a8) cpC;, Through t K f Louis T mil,T8’ fc
connection is had with Texas and the lines of the Texas < Pacific,
fc
? orth6rn and the St. Louis Southwestern, the
^ at 18 known as the “ Gould System,” in which the
te^s v ^ 7Go£ ld
mterested (see list of Mr. Gould’s hold­
ings, y . 60, p. 83.) The Mo. Pac. property includes :
Lines owned and controlled. Miles. Leased' lines and trackage. Miles.
St. Louis to Omaha. . 4 9 5
Boonville St. L. < Southern... 44
fc
Pleasant HU1 to Joplin, Mo.. 133 Verd. Valley Ind. < West........ 81
fe
12 branches owned___l ___ 11 450 Leroy < Caney V alley............ 52
fc
Proprietary lines [entire st’ek
Kansas City < S. W.___
&
48
own’d]form’glineto Pueblo,
Trackage to St. Joseph, eto___ 27
Col., eto.................................1,833
_____
Total Mo. Pacific and branch lines.............................................. 3,163
M m ^ o& 6i a£es Gentra1 Branch Union Pacific, 388 m iles; St. Louis Iron
8oathem and leased lines, 1,773 miles. Grand total Mis­
souri Paoiflo mileage January 1,1898, 5,324 miles.
Bbxses, «fee.—The Paoiflo RR. of Missouri was sold in
iPfcp*08)lre September 6,1876. The present company was a consolidaTh a h A T ^ ^ / i d 880’ e“ tora°ing the Missouri Paoiflo and minor roadsT
Lao bonds o f the proprietary lines are practically all pledged to secure
Mo. Paoiflo loans. The Iron Mountai£ stock is mostly owned b v th e
Missouri Pacific. Control of the International < Great Northern
fc
was secured in 1892 and of Central Br. U. P. in 1898.
D ividends — ) 1881. *82.
*83 t o ’87. *
88. ’89. ’ 90. ’ 91. None
P ercen t... J 6
6*4
7 yearly.
534
4 4
3 since!

O c t o b e r , 1898. J




RAILKOAD STOCKS AND BONDS

91

93

INVESTORS’

SUPPLEMENT.

[V o l . L X V II.

Subscribers w ill confer a great fa v or by g iv in g Im m ediate notice o f a n y error discovered In these T a bles.
RAILROADS
Bonds—Prinoi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due*
Amount
V ot explanation of column headings, &c., see notes of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Missouri Pacific—( Concluded)—
Mo. Pacific 1st M., Lexington to Sedalia, Mo, gold
55 1880 $500&o.
$650,000
5 g. F. & A
Aug. 1, 1920
Consolidated mortgage, $30,000,000, gold. .o' 1,076 1880
1,000 14.904.000
do
do
6 g. M. & N.
Nov. 1, 1920
Gold collateral trust.......................................... c*&r 1,120 1887
1,000 14.376.000
M. & 8.
do
do
Jan. 1, 1917
1st collateralmort. bonds for $10,000,000 gold.c* 671 1890
1,000
7.000.
000 £ g. F. & A.
do
5 gdo
Aug. 1, 1920
Gold funding notes red sem able at par................ c
1895
6.712.000
do
do
5 g. M. & S.
Mar. 1, 1905
Ler. &Caney Y al.lst M. ($10,000 p.m.),gold.,gu.c* *52 1886
1,000
520.000
do
do
July 1, 1926
Verdigris Val. Independence & W. 3 st M.,g.,guar,
81 1886
£ g- J. & J.
1,000
806.000
do
5 g. M. & s.
do
Mch. 1, 1926
Missouri Pacific System—St. Louis Iron. Mt. < So.
6
St.L.&I.M.RR.oldlstM.5s,ext. ’97, g.,red. at 105 210 1867
1,000
4.000.
000
4*2 g F. & A. N.Y. Mercantile Tr. Co. May 1, 1947
do old 2d M. 7s, ext. in 1897 in g „ red. at 105 310 1872 £ & $
6.000.
000 5 g M. & N. New York or London. May 1, 1947
Ark. Br., 1st M., g., L gr., ext.’95, sub. call 105.C
99 1870
1,000
2.500.000
5
J. & D. N. Y., Mercantile Tr. Co. June 1, 1935
Gen. consol. & land gr.M. ($45,000,000), gold.c* 1.428 81to’7 1,000 a23,405,000
5
A. & O.
do
do
Apr. 1, 1931
Go
do
gold, stamped, guar. p. & i..c* 1.428
1,000
6.945.000
5
A. & O.
do
do
Apr. 1, 1931
Gold funding notes, redeemable at par........... c
1895
4.723.000
5
M. & S.
do
do
Mar. 1, 1905
Car trusts Dec., 1897, due 10 per cent yearly.
963,500
6
Quar’ly.
do
do
1898-1905
Baring Cross Bridge Co., 1st miort., gold...........
1873
200,000
7
do
do
Apr. 19,1898
Kansas & Ark. Val. 1st M. $20,000 per m., gold.. 165 1887
1,000
3.412.000
5
J. & J.
do
do
Jan. 1, 1937
DJtfle Rock & Ft. Smith 1st M.,land gr. sink.fund.. 165 1875 500 &c
3.000.
000 7
J. & J.
do
do
Jan. 1, 1905
JAtaeitook Juno, 1st M., guar. p.& i.by Iron Mt..c*
2 1891
1,000
435.000
6
A. & o.
do
do
Apr. 1, 1916
Mobile < Birmmgh. RR.—Stock ($900,000 is pref.)
£
100
1.800.000
Prior lien, gold, $1,000,000. (See text).. . . . . Ce c Ì49 1895 200, 1,000
600.000
J. & J. N. Y. Central Trust.
July 1, 1945
MOrt.,incomes till July 1,1899, $1,200,000. .HI e. c 149 .1895 200, 1,000 1, 200,000
ì g ' J. & J. 2 p. c. paid in Mch., ’97
July 1, 1945
MoUle Jackson a K. C .-lstM ..g ., $4,000, OOO.C.c*&r
50 1896
1,000
t g.
500.000
5 g‘ J. & D. N. Y., Central Trust Co. June 1, 1946
Molnte&Ohw—Stock ($10,000,000 authorized) gold
100
5,320,600 See text. . . . .
N. Y. Office, 11 Pine St. Feb.28,’98,1%
1st M. ,Mob. to Col. (prin. gold,int. lawful money) .o* 472 1879 500 &c.
7.000.
000 6
J. & D. N. Y., Farm. L. & Tr. Co. Dee. 1, 1927
1st mort., extern,Colum. to Cairo & branch,gold c*
55 1883
1,000
1.000.000
6 g. Q.—Jan.
do
do
July 1, 1927
General mort. for $10,500,000, (now gold) s. f.' e 527 1888 500 &o.
9.547.000
M. fe S.
Bk. Sept.
1938
Montgomery Div., 1st mort., $4,000,000, gold c* 192 1897
1,000
i g. F. < A. N. Y., Gallatin Nat.Co. Feb. 1, 1947
4,000,000
&
5 gN. Ÿ., Central Tr.
1,
Equipment bonds.......... .
89-’98 1,000
559.000
5-6
Various. N. Y., Farm. L. & Tr. Co. Var., ’98-1908
JfoA.<£Malone-lstM.,$15,000p.m[,g.,gu.p."&i'(enJc* 181 1892
1,000
2.500.000
4 g. M. & S. N. Y „ Knickerb. Tr. Co. Sept. 1, 1991
Income toond8 non-cum., 5 per cent (see text) ’ ...
1892
3.900.000 Up to 5 Sept. 1.1N. Y. Of., when earned. Sept. 1, 1992
a Only $18,274.000 of this listed on N. Y. Stock Excba nge iu'Oct., 18 98.
idated, mortgage is for $30.000,000—trustees John
D. Adams—the balance unissued is in trust to
redeem prior bonds due if deemed best. Abstract in V. 47, p. 287
v T ve S r lctter,al tru8t bonds due 1917 (Union Trust Company of Nev
are secured by mortgage bonds of new roads at $D> 0<K
mUe; these embracing the line from Fort Scott, Kan.,
W
? ? r securities pledged, etc., see V. 46, p.678.
As to collateral trust bonds due in 1920, see V. 50. p. 6697 874. On
Deo. 31,1897, $2,636,000 were held pledged for Missouri Pacifio fund­
ing notes of 1895 and $7,000,000 were outstanding.

Year ending Dec. 31—
1897.
1896.
1895.
Gross earnings.............................$11,820,285 $10,946,569 $11,218,117
Net earnings............................. $4,104,405
$3,507,710
$3,551,470
38,415
37,677
Other receipts.............................
114,553
Total net income....................... $4,142,822
$3,545,387
$3,666,023
2,378,850
2,516,476
Interest on bonds.....................
$2,485,223
Taxes, bridge exp., rent’ls, &o. t l ,362,667
840,058
950,187
Balance for year................. sur.$401,304 sur.$188,853 sur.$230,613

„ t Includes taxes, $270,878; rentals, $381,095; car trust, commissions
ext’ding bonds, etc., $710,694.—(V. 66, p. 237.)
JTF°£lle * B i r m i n g h a m H R . —Mobile to Marion Junction, Ala.
149 miles; trackage to Selma, 14 miles; opened in July, 1888.
H istory .—Reorganizedafterforeolosureinl895perplanV. 60, p. 657
B onds.—Tdie new prior lien bonds may be increased at $18,000 per
mfie if the 67 mile extension to the Cahaba coal fields is built. In
March, 1897, 2 p. c. was paid on incomes.
EARNiNGS.—Jan. 1 toI Oct. 7
months), gross of Mo. Pacific and
E arnings.—2 months, ) 1898......... Gross, $45,549; net, def., $5,939
St. L. I. M. & So. combined, $19,635,114 in 1898; $17,966,761 in 1897.
July 1 to Aug. 31.
51897......... Gross, 42,479; net, def., 5,529
L / ^ ^ y AL.R ? pOKT-—Fiscal year ends Dec. 31. Annual meeting is held
A nnual R eport .—In 1897-8, gross, $360,295; net, $66,700. Report
fSl Louis in March. Report for 1897 was in V. 66, p. 517. Earnings for 1896-7 shows gross $358,380; net, $69,350; interest, $54.000:
o f Missouri Pacific system have been as below : “ Other incom e” In bal., surplus for year, $15,350. In 1895-6, gross, $294,232; net, $35,398.
: Lividends American Refrigerator Transit Co., $23,743: President, T .G . B u sh .-(V . 66, p. 4 2 4 .)
*■ '
Pr® C0-!.^72>°90; interest on Iron Mt. geDerai consols.,
88 *
M ob ile & G irard R R . —Absorbed by Central op Georgia R y .
$50,400, int. on funding notes, $63,367; sleep’g car earnings,$108,332.
M o b ile J a c k so n & K a n sa s City R R . —Projected from Mobile
1897.
1896.
1895
i on >
^ 8?iD’
A-l)0Ut 20 miles of roadbed were built in 1868.
4,938
4,938
4 937
Miles operated..................
Total earnings.................... $24,805,451
$22,011,960
$22,672,004 In 1896 the Gulf City Construction Co. was organized to complete the
road. See V. 62, p. 457. In Jane, 1898, 50 miles from Mobile north­
7,351,340
5,520 636
Net earnings.....................
5,«50,864 west to Pascagoula River were in operation, on whioh $500,000 of
Ratio exp. to earns............
(70*364)
(74*920)
(75*076) bonds had been issued. Capital stock Is $4,000,000. Among the direc­
Other income, &o.............
$826,271
$532,492
$1,081,881 tors are W. D. Stratton, of Drake & Stratton Co.; Lathrop R. Bacon
of New York; W. H. Smithe, of the Mercantile Bank of London Presi­
Total net in com e....... $8,177,611
$6,053,127
$6,732,745 dent is F. B. Merrill.—(V. 62, p. 457, 990; V. 63, p. 459.)
Interest paid on bonds... $5,437,288
$5,550,700
$5,440,381
Rentals and taxes............
1,408,899
M obile & Ohio R R . - f See Map.)—Owns from Mobile, Ala., to Co1,419,681
1,423,736
Sundry accounts...............
836,303
,
344,507
458,874 lumbuS’ Ky., 472 miles, proprietary line, Kentucky & Tennessee RR.
to E. Cairo, 21 miles; branches to Columbus, Miss., &o., 34 m iles; Co­
Balance.......... .......... sur.$495,121 def.$l,261,761
def.$590,246 lumbus, Miss., to Montgomery, Ala., 167 miles; with Warrior Branch
9 miles, and Blocton Branoh, 12 miles; total owned, 715 miles; leases
Excluding Iron Mountain and other auxiliaries, the report shows :
St. Louis & Cairo (whioh see), Cairo to St. L., 152 miles, with branch to
Year ending Dec. 31—
1897.
1896
ISO'S
Millstadt, 9 miles: total operated. 876 miles. In Sept., 1898, the Mobile
Miles operated December 31.......
3,164
3 164
3 163
& Bay Shore Ry. ha<1 been organized by parties identified with the M
J^ 88®
n.*er earnings.......................$2,108,955 $2,054,164
$2,235,245 & O. to build f om Mertz Station, on the Duncan branch, to or near
...............- - - - - - - - - - ............. 9,128,663
7,355,368
7,571,640 Portersville or Alabama Port, a distance of 27 miles. V. 67, p. 433.
Mall, express and miscellaneous. 1,747,547
1,655,859
1,647,001
H istory , Etc.—Opened in 1861; securities readjusted in 1879.
Lands June 30,1897, were 450,776 acres, valued at $246,976.
Wo+T
ilta\tarntog8.......................... $12,985,165 $11,065,391 $11,453.886
F inances.—InMarch, 1897, the company issued and sold
Net earnings.....
$3,246,934 $2,012,926 $2,099,393 _
Dividends, interest, &e.,received.
787,852
494,814 9 967,328 $4,000,000 first mortgage bonds on the “ Montgomery Division of the
M. & O.” to build and equip an extension from Columbus, Miss., to
Total net income.......................$4,034,786 $2,507,740 $3,066,721 Montgomery, Ala., 168 miles, with branches, 23 miles. The portion
Interest on bonds.......................... $3,058 437
between Columbus and Tuscaloosa, 61 miles, has been operated from
Taxes, rentals, &c..........................
882*534 $3,034,224 $2,955,158 about April, 1898, and the entire division and branches was opened
924,132
932,423
and operated as a part of the M. & O. RR. system on and after July 1.
Balance for year.............
^ee F. 65, p. 736, and V. 66, p. 709,1045. Bills payable and
.sur.$93,815 def.$1,450,616 def.$820,860 1898—
loans June 30,1898, $135,000.
<
—(V. 66, p. 237, 517.)
D ividends .—First div. (1 p. c.) payable Feb. 28,1898.—V. 66, p. 184.
M issou ri Pacific System—St. L o u is Ir o n M o u n ta in *
S o u t lic r n R y . —Owns St. Louis to Texarkana, Texas Line, 490 miles • Stock .—Stook authorized, $10,000,000; outstanding, $5,320,600;
branches to Belmont, Mo., Bird’s Point, Mo. (Cairo), Camden A rk ’ par, $100. The voting power on $4,953,300 of the stook is exercised by
Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark Mem’ the general mortgage bondholders by virtue of the deposit in trust
phis, Tenn., &c., 747 miles; Houston Central Arkansas* Northern Rail­ under the general mortgage of the old debentures of 1879, upon whioh
way, McGehee, Ark., to Alexandria, La., 190 miles; total owned^anu- this voting power was conferred.
®ry 1,1896,1,427 miles. Leases Little Rock & Fort Smith and Little
B onds. —
Under the g e n e r a l m o r t g a g e o f 1888 (trustee, Farmers’ Loan
Rook Junction railroads, 176 miles; Kansas & Arkansas Valley RR
& Trust Co.) there can be no foreclosure till four coupons are in default.
170 miles. Total operated December 31, 1897,1,773 miles.
Y iVK-’ In May, 1895, the entire issue was made payable in gold. V. 60, p. 967.
Of the $10,500,000 authorized, the amount canceled by sinking fund
Stock — Stock $25,788,815, of which $25,707,275 Jan. 1,1898 was to June 30,1897, was $886,000; $601,500 were in treasury and $7,415
owned by Missouri Pacific—mostly acquired in 1881.
in trust. Mortgage abstract, V. 47, p. 83. Interest on $4,000,000
B onds.—The general consolidated mortgage is for $45,000,000. bonds St. Louis & Cairo 4s is guaranteed. The $4,000,000 Mont. Div. 1st 5s.
being reserved to retire all prior issues, these covering only 485 miles constitute a first lien on the Montgomery Division and branches, and
The mort, isa first lien on the 947 miles in Arkansas and Louisiana and cover also equipment purchased with $500,000 of the bonds set aside
on all unsold lands, amounting to 617,902 acres on J an. 1,1898 Trns- for that purpose. See application to list in V. 66, p. 1045.
R eport .—Report for year 1897-98 at length in V. 65, p. 684, 694.
Σe ? 1Jïlorî gage’ Mer°antUe Trust Co. of New York. As indicated in
the table above, part of the general mortgage 5s (Nos. 11,001 to 18 000
Y e a r e n d ’ g J u n e 30— 1898.
1897.
1896.
1895
inclusive) are endorsed with the Missouri Pacific’s guaranty of princi­ Total gross earnings. $4,207,319 $3,867,858 $3,619,071 $3.269 989
pal and interest ; form of guaranty was in V. 56, p. 650
J
p
01 i t f earnings............. 1,300,745
Net
Ri
-------------1,283,895
M ---------1,293,869
1,115,503
Cold, funding notes for $4,744,000 were authorized on the St Louis A Interest ana rentals. 1,074,880
r
1,060,126
1,059,632
1,034,354
Iron Mountain in June, 1895, to provide for the floating debt and “ ad­
vances: $1,495,000 are guaranteed by Missouri Pacific. N. Y Stock
Balance, surplus*..IT$225,865 1T$223,769
$234,237
$81,149
Exchangem July, 1898, reported $25,219,000 general consols listed St
Equipment and new construction (additional to operating exp en L M- first 5s ($4,000,000) and second 7s ($6,000,000; due Mav 1
ses) cost $186,557 in 1894-95; $143,645 in 1895-6, $204,450 in 1896-7 ■
1897, were extended m gold for 50 years at 4 ^ p. c. and 5 p. c re­
spectively, the extended bonds being subject to cali at 105 This* r e $141,874 in 1897-8. Out of accumulated surplus paid $53,000 (1 p. o. V
funding reduces interest charges $120,000 per annum. Cairo A & on 1st debs, in 1896-7 and $53,206 il p. o.) on stock in 1897-8._V *66
’
T. 7s for $1,450,000 were paid June 1,1897 and consol. 5s are now a p. 82, 184, 472, 709,1045; V. 67, p. 2 7 1 , 483, 6 8 4 , 6 9 4 .
first mortgage on the 71 miles of that road. (V. 64. p. 518,1042.)
fi o h a w k & M a lo n « R R ,—(S e e M a p N . Y . C e n t r a l .) — Owns from
Herkimer, N. Y., on the N. Y. Central’s main line northerly to Malone
annual R eport .—Report for 1897 in V. 66, p. 518, showed:
on the Central Vermont, with branches, 181 miles in all.
1895 the issue o f $8,256,000 collateral trust
notes (“ gold funding notes” ) and $4,744,000 St. Louis & Iron Mountain
authorized to fund floating debt of these companies and
provide for future needs. Of the St. L. & I. Mt. notes $1,495,000 are
guaranteed by the Missouri Pacific. Mercantile Trust Co., trustee. A
Ust of the securities deposited to secure these notes was given in V.
®2, P- ^18> V. 60, p. 1059. On Jan. 1,1898, Mo. Pac. loans payable
(secured by collateral) were $464,926.
^ ^




O c t o b e r , 1898.]




RATT.ROAO

STOCKS

AM )

BONDS.

93

94

INVESTORS’

SUPPLEMENT.

[V ol . L X V U .

Subscribers w ill con fer a great fa v or by g iv in g Im m ed iate notice o f a n y error discovered In these Table«.
RAILROADS
INTEREST OR DIVIDENDS.
Bonds—Princi
Miles Date Size, or
Amount Rate peí
For explanation of column headings, &c., see notes of
pal,When Due.
of
Par
When
on first page o f tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividend, %.
Monongahela River RR. —1st M.,g.,gu.B.& 0.,end c
32 1889 $1,000
$700,000
5 g. F. & A N. Y. Central Trust Co. Feb. 1, 1919
Consol. M., $1,500,000 g., s. f in 1898, red.at par
1895
1,000
1,163,375
5 g. J. & D Balt.. Am. Bond’ g A Ti-. Dee. 1, 1945
Montgom'y Beit L .-l stM., $200,000, lawful m oney. o
1890
1,000
200,000
6
J. < J. N.Y ., Metropol’n Tr. Co. Jan. l , 1910
fe
Montgomery A Erie Ry.—1st m. (old 7s ext. in ’86)
1866
130,000
5
M & N.
Goshen, N. Y.
2d mortgage (old 7s extended in 1887)............
May 1, 1926
1867
40,500
5
A. & ().
do
do
Morgan’8 La. A Texas—N. O. Opel. & Gt. West. 1st M.
Oct. 1, 1927
80 1859
678
249,002
5
A. & O. N.Y
1st mortgage (New Orleans to Morgan City)... c* 102 1878
Apr. 1, 1899
1,000
5,000,000
7
A. & o.
do
1st mortgage, Alexandria Extension, gold........
Apr. 1, 1918
157 1880
1,000
1,494,000
J.
do
6 g. J.
General mortgage..............................................
July 1, 1920
204 1893
1,000
1,000,000
5
J. & J.
do
do
Morris A Essex—Stock, 7 p. c. guar. D. L. & W."."."."
July 1 1913
50 15,000,000
7
J. & J. N.Y
1st mortgage, sinking fund..................
July,’98,3^9%
*84 1864 500 &o. 5,000,000
M. & N.
7
do
Convertible bonds....................................... ..............
May 1, 1914
Var’us 1,000
281,000
7
J. & J.
do
Gen. M. A 1st on Boonton Br. &o. (guar.*D.L.&W )
Jan. 1, 1900
1871
1,000
4,991,000
A.
7
O.
do
Consol. M. (for $25,000,000) guar. D. L. & W.c*&r 137 1875
Oct. 1, 1901
1.000 11,677,000
7
J. & D.
do
Special real estate bonds........................
June 1, 1915
Var’us
2,795,000 4*2 & 5
do
Morris & Essex Extension stock, guar* 4 per cent
Various.
***2
100
221,000
4
M. & N.
do
do
Mt. Carbon A Port Carbon EE.—Stock (rent’l guar )
Nov., ’98, 2%
50
282,350
12
J.& J 15
Mi. Holly Lumb. A M edfd—1st M. gu. p.&i. Pa.RR
July 15,’98.6%
75,000
7
A. & O. Phila., Broad St. Stat’n. Apr. 1, 1899
Muskegon Or. Rapids A Indiana—1st mort., gold
37 1886
1,000
750,000
5 g. J. & J. Jan. ’96, paid June. ’98 July 1, 1926
Nashua A Lowell—Stock,9 p.c. rental,92 yrs. B AM*
15
100
800,000
9
M. & N. Nashua. Indian Hd. Bk. Nov., ’98, 4*2
Bonds not mortgage, assumed by lessee ..
188*0
100,000
5
J.
J.
do
Nashville Chattanooga A St. Louis—Stock
July 1, 1900
100 10,000,000 4 for ’97. Q —F.
N. Y. and Nashville. 1
1st mortgage (for $6,800,000)................* .
.*
e*&r 340 1873
Nov. 1, ’98,1%
1,000
6,300,000
7
J. & J. N.Y. Continental N. Rk. July 1, 1913
2d mortgage, gold or silver......................... *’ c*<fcr 321 1881
1,000
1,000,000
fe
6
J. < J.
do
Jan. 1, 1901
1st M. on Fayette, and MeM.brs. ($6,000 p.m.)o*<fcr 125 1877
1,000
750,000
6
J. & J.
do
o*
1st mortgage on Lebanon Branch........
Jan. 1, 1917
29 1877
1,000
300,000
6
J. & J.
do
Oct. 1, 1917
1st M. on Jasper Br. ($90,000 are 8s, due 1.906)0*
43 ’77-’83 1,000
461,000 6 g. & 8 J. & J.
do
1st mortgage on Centreville Branch, g old ... c*&r
Ian.,1906A’23
46 1883
1,000
376,000
do
6 g- J. & J.
Jan. 1, 1923
IstM . on Tracy City Br. (Tenn. C. A I. RR.).o*&r
20 1887 1,000
460,000
6
J. & J.
do
1st M. on Bon Air Br., red. at par aft. July ’9 7 ,... o*
Ian.l899to’17
7 1887
1,000
114,000
6
J. A J.
do
July 1, 1917
Duck R. RR., 2d mortgage, now 1st mortgage, g.
48 1881
22,000
I.
6 g. V & N.
do
Consol. M. ($20,000,000), $20,000 p. m., gold c* 740 1888
H ’. 1, 1909
i,ooo 6,213,000
do
5 g- A. & O.
W. A Atl. incs. ($572,000), $26,000due y’rly ’ g'.c.i
'. 1. 1928
1895
1,000 lln treasury.
do
5 g- J. & J.
do
■1, ’99- 20
x. central leased the road and
&
i
wn
road
guaranteed its first mortgage bonds. The surplus in any year after Grand Rapids toC r a n d R a p i d s 37 mI n d ;a n a R R .- OR. A sin d at
Muskegon, Mich.,
iles trackage, G.
payment of the first mortgage interest for that year to pay
not exceeding 5 per cent interest on the inoomes. A dividend of 2 Grand Rapids, 3 miles. Road opened 1886, and leased to Grand
E *v wbiob was foreclosed in 1896. Stock authorP®£
0 o,ibe incomes was paid Sept. 1,1896. N. Y. Central owns
?3®d’
*
000; par.
000
1896
tno $4,500,000 stock, and has the option of retiring the incomes at any paid in June, 1898. $100 ; issued, $ 1 , . Coupon of June qq7 L was
Earnings for year ending Dec 9i i
noa
time, and issuing in lieu thereof 2d mortgage guaranteed gold 4 per
In 1896 gross’
cents, due Sept. 1, 1991. See official statement V. 56, p. 501. As to $117,462; ret, $26,902; interest 0 ^ 4 ^ 3 7 , 5 0 0
IJ21.620; net, $31.360. In 1898, Jan. 1 to Oct. 7 f9i4 mouths) gross ’
bonds, see V. 56, p. 782. (V. 57, p. 22; V .61,p. 926; V. 63, p. 116,311.)
$96,856, against $89,021 in 1897. (V. 66, p. 426; V. 67, p 74.) gr°88’
M o n o n g a lie l a K l v e r R R . —Road from Fairmont to Clarksburg,
Na
a & Low
road from L
w - Va-i 31 miles. Road opened in 1890. Capital stock is $1,300,000 J Mass s h uNashua, N. e ll R R . —Owns double track leased fem 99owaII
te
H., 15 miles. On Oct. 1,1880,
vears
par, $100; outstanding, $1,274,400. The firsts (Central Trust Co.,
N. Y., trustee,) are guaranteed principal and interest by the B. & OConsois. ‘coal oonds” , (trustee, American Bonding & Trust Co., of which pays a rental of i^ O O O ^ p e r c e n ^ o n s to c k )* 0 Bo8ton & Maine’
Baltimore) were authorized to pay for the construction of branch
roads not more than 50 miles in length. On Jan. 1,1898, $336,625
consols were in the treasury. See description of first mortgage, etc., Lebanon. Ac., 447 miles; leases Western A Atlantic. Chattanooga
p. 6 of Supplement , April, 1896. There are car trust 6s, principal
13Z mlle8!
operated.
outstanding Jan. 1, 1898, $135.814; interest $19,974; interest paya­ 189fi thA°TiAf ’la^ ta+ S' dlrectors leasedtotalMemphis & 904 miles. ^In
r,898
S' *
the
Paducah Divible at Mercantile Trust Co., Baltimore, Md.
v J
8100 (consisting of Paducah Tennessee & Ala., 119 miles and T at,«
E arnings.—Statement for year ending Dec. 31, 1897, was in V 66 Midland, 136 miles,) of the Louisv. & Nashv. See V 65 n ’ 679 m
? ^ 5\ 8liowing, g™?8- $192,5 31; net, $81,018; int. and taxes, $39,- dffe Tennessee & Ala., Shelby vine, Tenn., te Decatiir! Ala 7 o ‘ mnes‘
’
o % lanc+ surplus, $41,878. In 1896, gross, $210,353; net, was purchased in October, 1897, and portion from Favetteville S
e’
$108,244; mt. and taxes, $38,215.—(V. 64, p. 9 4 9 . 9 9 8 ; Y. 66, p. 9 5 0 .)
,
?oiiteri i y ^ M e x i c a n G u l f R R . —Owns road completed in Aug­
ust, 1891, from Venadito (on the Mexican International Railroad) via
Monterey to Tampico, on the Gulf, about 390 miles. See V. 62 p 85
H istory . - P urchased in November, 1895, at foreclosure sale, under that the two systems are operated in close harmony. The Western A
the 1st mortgage of 1888 by the Societe Anonyme Beige deChemin-de- Atlantic is leased from the State of Georgia for 29 vears from ^ aa O'7
* £ £ »5 Mexique, which has capitalization as follows : Capital stock. 1890. at $420,012 per annum. Jointly with L & N leased t e l 8 9 7 +aZ*
10,572 »in shares, each share representing $1,000 in bonds or
«
. ‘i e M ?
l iiS g 5 r S S « S Tr
matured coupons of the Monterey A Mexico Gulf RR. Co. 160 3»K »
n
income shares; first mortgage 4 per cent bonds, 4,000,000 francs,
being 8,000 bonds at 500 francs each. Augustus Frasez, President s s s r a ^ i *3? 1 5 i 89° i 8
889 5
5
m
^
Brussels, Belg.; Coudert Bros., 100 Broadway; N. Y „ attorneys.
.
t y branch 6s faff
yearlv on Jan l
E arnings.—7 months, >1898........... Gross, $886,612; net, $320,030 toBoii08;—Tlie Tracy q$100,000 on Jan due $20,000 J
1916 inclusive, and
1 1917
r xy on JaD- 1
Jan. 1 to July 31.
S1897........... Gross. 796,887; net, 36 ,578
The consolidated mortgage of 1888 (United States Trust Co trustee)
t F,°J^?ear endi ng D ec- 31> !897, gross, $1,416,656; net, $640.643
In 1896, gross, $1,152,748; net, $399,226. (V. 65, p. 729; V. 66?p! 82.) P^a $20,000 per mile0r bonds 8ha11for Paid °tf at matimity; sufficient o i
n
^
the «od nnAat aU P are reserved be them.
y
ncient
M o n t g o m e r y H e lt L in e R y . —Owns real estate and a belt
Western & Atlantic income 5s, see Supplement January, 1898
p f, S Montgomery, Ala., about one mile of track on Tallapoosa,
G eneral F inances.—Bills payable incurred in nurcha’se nf
Bell, Perry and Columbus streets. Alabama Midland Ry. pays an
C o n s K a foC$575 00»
annuai rental of $15,525. The Plant Investment Co. owns 90 pet cent RR.. etc., were on July 1, 1898, $ 1,501,5^
issued on account of vfid. Ten. & Ala. Ry., listed in 1898 making totni
o f the stock. Capital stock is $200,000; par, $100.
p
listed to that time, $6,213,000. (V. 66, p. 6171V. 67? p 2™)
g t0tal
" t f i ’im e r y & E r i e R y .—(See Map Erie Railroad.)—Owns road
..........S r° 88’ 1,457,647; net, 5 4 1 6 1 7
j X 11 to"8em0?ohS’ l
L ^ e f i n ^ 7 2 ^ N Y. G ° F & W. (now .Erie RR.—which soc \ Rental m July l to Sept. 3 0 ... > 1897......... Gross, ^1-603.61 2 : net, $633,501
^ It. E. ^ J V - ’ 1 c milr?L Eoad » W S S 1867.
T
'
,
lo7Z to N.
is $16,000 per annum. Stock* $150,000. Dividends ( 4 ^ per cent per
A nnual R eport .—Report for 1897-98 at length in V. 67, n ’ 732 746
s
u /’
annum) are paid May 10 and Nov. 10. Sinking fund $6?500P?er annum! See also editorial, p. 715.
Tear ends June SO.
1898.
1897.
189«
J I I O R tr e a l & V e r m o n t J u n c t i o n R y . —Road from Vermont
1895.
Mileage end of year...
995
904
906
State line to near St. Johns, Quo., 23 miles. Operated bv Central V er­
902
mont. In March, ’97, rental reported reduced from $50,000 to $27,600. Gross earnings........... $5,646,519 $5,116,118 $5,074 625 $4,608,502
Net earnings............... 1,982,724
1,911,448
1 9 1 0 275
M o r g a n ’ s L o u is ia n a & T e x a s R R . & Men
1,882,142
Investments, etc........
............
....
41 0 02
18,424
if
J - E o ad - O wns Algiers to Cheney ville*,
204 miles; branches, 55 m iles; trackage to Alexandria, 24 miles1 total
Net income........... $1,982,724 $1,911,448 $1,951,277 $1,900,566railroad lines, 283 m iles; steamship lines and ferries, 3,176 mile's.
Int. on debt and tax. $1,102,187 $1,088,420 $1,078,470 $1,077,425
420,012
420 012
N
ttie ^ i^ n n i?n S ■.ao[dc Company, on June 30,1898,held Rental W. & A. RR.
^
420,012
420,012
rm *,i!r&,uw o i r? ¥**»000,000 stock and operated road undeh lease Dividends................... (4) 400,000 (4) 400,000 (4) 400,000
w
(4) 400,000
,.e88e®^ayS1a11 obarges and 8,180 23 per cent of the net profits under
1
the omnibus lease.
Company has 12 iron steamships and 9 ferrv
Dalamce. . . . . . . . . . sur.$60,525 sur.$3,016 sr.$52 795 snr 4.9 -to<v
steamers and tugs plying between New York and New Or- -V. 66, jp. 82, 426, V. 67, p. 29, 222?715, 7 3 2 ,7 4 6 , 7 8 6
$ ’
leans and between Gulf ports; also wharves, warehouses ana on Tan
N ashville & D ecatur R R . —("N M a p L o u i s v i l l e A N a s h v ille i—
ee
1 , 1897, owned $726,500 bonds and $706,743 stock of other compares*
E arnings.—2 months, >1898........ Gross, $1,144,487; net, $489 755 Owns from Nashville, Tenn., to D ecatu^Ala., 119 m ffe f LCasedto
July 1 to Aug. 31. (1 8 9 7 ........ Gross,
850,125; net, 196’966 Louisville & Nashville for 30 years from July 1,1872, at a Cental of 6 p
In year ending June 30, 1898, gross, $5,677,420; net, $1 738 8501898! $977,750 of its stock. On Oct. ,ailt 1896. sinking fund held
l
T
?
surptes over charges, $688,488; net profits due company u^der lease 1898) a« 97^v°5n8!? f ° ^ f1 X 1 eei? 881i? 1 d 10, ^edebt and owned (July,
to Southern Pacific, $746,172; income from investm’ts, etc., $179,113, bonds of face value $659,000, of which $630,000 were N £ D firsts
E arnings.—Earnings are now included in L. & N. reports In 1896M o r r i s dc E s s e x R R .—(See Map o f Delaware Lackawanna a
Western .)- Owns from Hoboken, N. J., to jPhillipsburg, n! j , 85 mUes^ ’97, gross $1,483,272; net, $692,822; interest and taxes *174 703’
oKan?i1’ D®
nvllle>N. J. , via Morris & Essex Tunnel, to Hoboken, N J ’ balance for dividends, etc., $518,119. In 1895 96X os , | i ,411;74 l '
35 miles; leases 16 miles; total operated, 136 miles.
’ *
*
N ash ville Florence & Sheffield T ty.—(See Man Louisville' A
Va#/i
from Columbia, Tenn., to Sheffield.^la 82
.JSSiSS’T u i? 8'?«*« PerP°tulty t° Delaware Lackawanna A West, .which with m i l e . Owns City, Tenn., to Pinckney, Tenn., 12 miles- miles
branch Iron
opei>
ates Napier br., etc., 14 m iles; total. 108 miles. Operated by Louisville
s ^ s s s ? r i r j i i f - pet “
0 the
,1
which company guarantees the principal and interest o f
^7 endorsement, a>nd owns $779,400 of the $872
«tonk
authorized, $2,000,000. For year 1897-8
the actual earnings on the road show a large annual deficit for the S04 net, $132,515; interest?$104,800; taxes, *8,415: ’ gross ’ $336 *
284;
g
f 6’
lessee company after the payment of rental The loss to Iash
N ation al D ock s R y .—Road extends from West Shore RR. at
Weelmwken to Constables Hook, N. J., 6-6 miles: Commiinteawhr
q
mile.) were $5,546,181; net, $ l , ( ^ , l o f ^ n 1893* g ro s f $5 791 267^ ?ntnin« 1 i’ ^ l11von Kul1 Pranoh, 0-54 miles; oilier branches 0-TO milesi
net $1,164,471. In 1892 gross, $5,772,665; net, $1^49,429?
’
CuS4ft a c^ o S is??!?^ ^ ’ ?'28 mile8’ Road opened Deo- X
>1883* i^ o ll> t < ,a r lio n & P o r * C a r b o n R R . —Owns Mt. Carbon to Palo
n 1
Alto, Pa., 3 miles; second track, 2 ^ miles; total track 19 miles n ^ A
il °^+?ea r.endinS Jane 30,1897, gross earnings, ^ 3^,476
Leased March 5, I860, for 50 years to Phila. & Reading RR. and lease *990 non®’ h t!’ n i f l X
2’ t90;. O
oharges’ *11.^13; dividendsassumed in 1896 by Phila. & Reading Railway. Rental $36,250 yearly! $330,000, bal., deficit, $170,476. In 1895-96 net, $161,967, Office
45 Broadway, New York.—V. 64, p. 518.
9
'




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RALLUUAD STOCKS AND RONDS.

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2 McNairy

Savannah

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Pinkneyt

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Booneville
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Pontotoc

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Spruce Pine\
Falkvillei

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Oxford

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loahoma
Eagle Nest

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96

INVESTORS’

SUPPLEMENT.

VOL. LXVIl

Subscribers w i l l con fer a great fa v or by g iv in g Im m ediate notice o f a n y error discovered in these T ables

RAILROADS.
on first page of tables’

9

N a s h v ille A D e c a t u r —Stock,

guar. 6 p. o. by L. & N,
1st mort., guar., s. f. ($200,000 held in sink, fd.)

Date Size, or
of
Of
Par
Road. Bonds Value.
119
119
105
87

$25
1,000
1,000
1,000

B o n d s — Pnnol
INTEREST OR DIVIDENDS.
pal, When Due *
■
Amount _ Rate per
When Where Payable, and by S to c k s —Last
* Cent. Payable
Whom.
Dividend.

$2,352,032
6
J. & D.
Nashville.
June, ’98, 3%
2 , 100,000
7
J. & J. N. Y., 120 Broadway. July 1, 1900
2.096.000
F. & A. N. Y. and Louisville.
5 g.
Aug. 1, 1937
1.189.000
6
M. & N. N. Y., Mercantile Tr.Co.
1918
3.854.000 See bel’w
See text.
60 1893
1,000
1.408.000
6 g. J. & J. N. Y., Chase Nat. Bank. July 1, 1943
18
....
50
1,418,600
5
M. & 8. Phila., 108 So. 4th St. Sept.,’98,2^2%
r’ne '98 nom
6 g. J. & J.
N. Y., Moran Bros.
20 years.
vvwww
U' xov IU P*f nvil
S
.I S
•\ , l,J \ 94 1888
0
1,000
750.000
5 g. J. & J.
No coupons paid.
July 2, 1938
Newark Somerset A Straitsv.—1st M.,ext.in ’ 89, g.o'
44 1869 500 &o.
800.000
5 g. M. & N. Nov., '95, coup, last pd. Nov. 1, 1929
Newburg Dutchess A Connecticut—Col. trust bonds.
1891
59
226,000
5
M. & N. -V Y., Central Trust Co.
.
1921
Income mortgage for $1,625,000.........................i
1877
1,164,500
6
When earned.
June 1, 1977
New Castle A Shenango Valley—1st M., int. guar...
17 1887
1,000
250.000
6 g. J. & J. N. Y.. Farm. L. & Tr. Co. July 1, 1917
New England RR.—Common stock, $20,000,000...
100
1,281,100 (unexch ed Sept. 1, 1898.)
Pref. stock, non-cum., $5,000,000, 3 p. ct., guar.
100
V557.100
3
V
N.Y.N. H.&H.RR., N. H.
N.Y.&N.E.lst M. ($6,000,000 are 7s) currency.c* 321 1876
1,000 10,000,000 6 & 7 J. & J. Boston, S. Dep.& Tr.Co. Oct.31.’ 98, 1%
Jan. 1, 1905
1st cons.M., $17,500,000, g.,gu.,p.& i., end.Ma.e* 361 1895
1,000
5.000.
000
J. & J.
Boston. Office.
July 1, 1945
N.Y.&N.E. Boston Term. 1st M. for $1,500,000 c"
J
1889
1.500.000
4
A. & O. Boston, 180 Sumner St. Apr. 1, 1939
New Jersey Junction—1st. M., guar., $4,000,000.c*r
5 1886
1,000
1.700.000
4
F. & A. N. Y. Cent. & Hud. Rlv. Feb. 1, 1986
New Jersey A New York—See B rie RR. Co.
New London Northern—Stock........................
121
100
1.500.000
9
Q —J.
New London, Office. Oct. 3, ’9 8 ,2H
Consolidated M., now 1st M. ($683,000 are 4s) o* 121 1880
1,000
1.500.000
4 & 5 J. < J. N. Y., Bk. of No. Amer. July 1, 1910
fe
N. Mex. Ry. A C oal- Col.tr. ($3,000,000) red. 105. IV
1897
1,000
1.200.000
New York.
5 g- A. & O.
Oct. 1, 1947
New Orleans A North Eastern—Prior lien m., gold c* 196 1885
1,000
1.320.000
6 g. A. & O. N. Y., Central Trust Co. Nov. 1, 1915
1st mortgage, gold............................................... I..
196 1881
1,000
5.000.
000 6
J. & J N. Y ., Müller, Schall&Co. Jan., 1911
N. O. A Northwest/n—Coll, tru t M., g., $500,000.¿'e 102 1898
1,000
500.000
New Orleans A West.—Receiver’s ctfs., $400,000
• g* J. & J. N. Y., Central Trust Co. Jan. 1, 1908
>
1898
400.000
6
J. & J. N. Y., State Trust Co. July 1, 1900
1st Terminal mortgage, $2,000,000, gold S .. cw . . . . 1895
1,000
1.650.000
5
. J. & J. Jan.,’97, coup, last paid July 1, 1946
2d mortgage, $2,000,000, gold ..........................
. . . . 1897
1,000
1 . 000 .
000 * g. 1March.
March 1,1900
Newport A Oincin. Bridge.— S
tock, $1,500,000....... .. . .
100
1.500.000
1st M., $1,500,000, g., s. f. guar. p. & i. end by Pa. Co.o* 1895
1,000
1.386.000
4*2 gJ J. & J. N.Y..Farmers L.&T.Co. July 1, 1945
v Dividends on this unexchanged stock 3 p. c. per an num, payable
viz: Oct. 1 Feb. 28; June 30.
31;
N elson & F o rt Sheppard R y .—Owns from International
ates to Haverstraw, etc., 14 miles; total operated, 48 miles. Erie RR
ary t0 Ko°tenai Lake, B. O., 60 miles. Completed in March,
1894, in the interest of Spokane Falls & Northern Ry., which see. In IJ.™ pril5,189? ’ Purchased control. Stock, $1,440,800 common; $787.
June, 1898, with the Spok. F. &Nor. and its other allied lines, acquired »00 preferred; par, $100. Control is with preferred stock and firs
mortgage till 6 per cent has been paid on preferred for three years.
K , V l o i S ; eS t , *54,18$:30- Jan- 1 *“ Aue- f t 1897 18 montb8>’ * 7 ? A * ™ sr Year endin? June 30, 1898, gross, $283,197; net.
iuter®
8t- 0to- $^3,428; balance, $406. In 1896-97, gross’
^ N e s q u e b o n i ii^ V a lle y llK .—Owns from Nesquehoning Junction,
8
Pa., to Tamenend, Pa., 17 miles; Tunnel Branch to Lansford, Pa., 1 mile. $26o,39G; net, $46,823.—(V. 64, p. 424; V. 65, p. 8 2 2 )
N ew L o n d on N orth ern R R . —Owns from New London, Conn., to
^ af®d
? 9?,J eaF8 (with 5 p. o. guaranteed on stock till 1905) to the
P
Lehigh Coal & Navigation Co., which under its option proposes to retire Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall R R ..
the stock atpar and Interest on Sept. 1 ,1 9 0 4 ; see item “ Delaware Di­ Brattleboro to South Londonderry, Yt., 37 miles.
vision Canal” in Y. 66, p. 1139.
L eased for 99 years from Dec. 1,1891, to Central Vermont. The
'7Q ^ u f 0 ? " C a lIf?ir n l a ^0 r ,e s ? 11 R y .—Reno, Nev., to Amedee, Cal., rental is $211,000 per annum, which leaves a small surplus after pro­
d
ti.J a i orio operation. Projected thence to and through Oregon. In viding for inter., etc., and 9 per cent dividends. Taxes and improve­
June, 1898,141 miles had been located. Stock; common, $2,200,000, ments met by lessee, without claim on New London Northern.
all outstanding; preferred none. Bonds, $2,200,000 authorized, but
D ividends .—From 1888 to Jan., 1892, inclusive, at rate of 7 per cent
738®ue^U
e«iQ IRR8 nev 1|^8; Year ending June 30, 1898, gross, $84,- per annum; then 2 per cent quarterly to October, 1893, inclusive, and
7oo, net, $19,668. E. Qest, Mgr., Reno, Nev.
since to Oct., 1898 (inclusive), 21 per cent quarterly.
4
.J ^ t w a r k Som erset & Straitsvllle R R . —Owns from Newark, O.,
—Excluding Brattleboro & Whitehall gross for year 1896i n ™ / 1 ?6’
1
44 “ R68; branch 3 miles. Leased to B. & O. till Nov. 1. 97»V^7^8.’S 5, ’ net $168,421. In 1895-6 gross, $663,786; net, $256,822.
5
taxes and 30 p. c. of gross earnings, but minimum rental to be
Mr. Little s report ou Central Vermont (V. 64, p. 606, showed earu? 4,
Interest on first 5s due May 1,1896, was not paid. Security mgs of New London Northern and Brattleboro < Whitehall for year
fc
holders were requested to communicate with the B. & O. advisory ending June 30, 1896, as follows: gross, $906,277; net, $334,085.
« 9^0000
^ A 3 6:.™l°r?k oomm°n $795,600, and preferred, Mr. L. s deductions for improvements, equipme’t, etc., $23,148: rentals,
ro 0i hA$52); ^7°5.5o0 of the first and $191,850 of the lat­ taxes, etc., $243,504; bal., surplus to lessee, $67,433.—(V. 63, p. 4 0 0 .)
ter owned by B. & 0. .See mort., etc., p. 6, S upplement of April, 1896.
N ew M exico R y . & C oal.—Owns El Paso & Northeastern Ry.,
R eorganization .—Under the B & O. plan, given in V. 67, p. 688, which is building a road from El Paso/New Mexico, northeast 155
© J i , m g for the acquirement of the N. S. & S , each bond will receive miles, to'theSalado Coal fields. Cn Sept., 1898. 86 miles, in operation.
$500 m the new B. & O. Pitts June. & Mid. Div. 1st 3»as and $600 in Stock, $4,000,000. The bonds are secured by deposit of all the stacks
b . & o preferred. Deposits are to be made on or before Nov. i , 1898. and bonds of the El Paso & Northeastern Ry. o f New Mexico ($2 700 V. 67, p. 7-^8 See statement of B. & O.
OOo of each), the stock of the El Paso < N. E. of Texas, $300,000 (no
fc
r
for year ending June 30, 1897, were in V. 65, p. 974.
anda11 tlie stock ($2,500.000) and all the bonds {.-61,5 0.gr08?’ $127,046; net, $5,400; taxes, $5,248; rental, etc., 000) of the New Mexico Fuel Co., the latter covering 3,500 acres o f
$38,701; loss to lessee, $38,548. In 1896-97, gross, $121,693; deficit coal lands. New York office, 66 Broadway. (Y. 66, p. 337.)
under operating, $16,913.—Y. 67, p. 788.
„ A ? A Orleans & N orth E astern R R . —New Orleans, La., to
N e w b u r g R u t c b e s s & C o n n e c t ic u t R R . —Owns from Dutchess Meridian, Miss., 196 miles, all 60 lb. steel rails. Stock $5,000,000 (par,
Junction, N7Y., to Millerton.N. Y., 59 miles. A reorganization in 1877. $1 °0), of which $4,320,000 and $4,900,000 1st 6s are held by Alabama
Stock , Etc.—Common, $500,000; pref., $600,000; par $50. There
Paolflo Junction Ry. Co., to which wrs due July
1897V $226,000 coll, trust 5s; $1,164,500 income 6s, 1,1897, $1,455,296 on coupon and $740,768 on other accounts.
$42,500 of 5 p. c. real estate M. notes and $10,581 bills pavable. In
EAkNiNGS.—In 1897-8, July 1 to June 30 (12 months), gross, $1,396,7®af » eildlD§-, oU e, 39». 1898, gross, $128,686; net, $32,633; interest, 929, agamst$l,313,255 in 1896-7. Report for 1896-97, 7. 65, p. 617.
A
taxes, etc., $18,591; bal., surplus, $14,042. (V. 65, p. 5 6 8 .)
TZnS1 June30- Gross.
™
Net.
Other inc. Interest.
Balance.
Shenango V a lley R R .- O w n s from Newcastle l§97-98......... .$1,396,929 $377,376 $1,865 $379,20L sur.
$41
Pa., to West Middlesex, Pa., 17 miles. Leased to Nypano RR. till 1982 189<
?-97...... 1,313,253
298,426
1,236 379,200 def. 79,538
lor rental o f 32 p. o. of gross earns., but interest on bonds guaranteed. —(V. 65, p. 61 7).
N ew E n g la n d R R . —New York New Haven & Hart. RR. owns a
N ew O rleans & N orth w estern R y .—Owns from Natchez, M iss.,
majority of the stock, but road is operated independently, embracing: t0.,Bastrop, La., 102 miles. Stock, paid in, $4,500,000; par $100; 25
M ile s .
T.p.nee/i l i « . .
L i n e s O w n ed .
L e a s e d rn e s ,
(if S ee a,*, O o .j.
th is
to Bastrop)
cer­
Boston to Hopewell June. N.Y.215 ‘ Norwich & Worcester RR-lf... 66 m fiesof road (RayilleMarch, 1898,was completed with proceeds ofproptificates m 1894. .In
receiver Hyde transferred the
Wioopee to Fishkill Landing... 2 Rhode Island and Mass, roads 4 14 erty to the company under direction o f the Court and receiver’s debts
Providence to Willimantio....... 58
(temporary agreement.)
paid with proceeds of coll. tr. 5s July, 1898. These last are secured
Newton to Woonsocket, R. I . .. 29 Rockville R R ............................
4 by deposit of the old first mortgage 5s in trust For year 1897-98
East Thompson to Southbridge 18 Providence & Springfield RR.'lT 28 (est.), gross, $167,500. (V. 57, p. 4 6 7 ; V. 67, p. 178, 275?)
East Hartfort, Ct., to Springfd 28 Woonsocket & Pascoag RR. if ) Q
N ew O
a d .—Owns a belt railroad
Other lines......................
12
oper. under temporary ag’t 5 9 encircling rleans & W estern R a ilr o connecting with all the
the city of New Orleans and
Milford branches..................... 20 roads entering that city. Entrance to business centre is had over rail
the
Double track............................... II4 Trackage.................................... 25
tracks of the East Louisiana Railroad. Owns a large terminal property
at Port Chalmette, containing about 2,300 acres, with 80 cotton ware­
Total, [362 miles owned, 141 leased and 25 track age]..................528
houses, capacity o f 250,000 bales, a grain elevator, etc.
Controls Norwich & New fo rk Trans. Co.’s steamers, J 25 miles.
R eceivership —On
B. Van
H istory .—A reorganization of the New York & New England, (sold Wall St., New York) Jan. 10.1898, President C. InterestNostrand (36
was appointed reoeiver.
due July L
In foreclosure July 9, 1895,) per plan V. 58, p. 762
1896, and since is in default. V. 66, p. 134. In Aug., 1898, the receiver
„
4MJ> 1898, a merger with the N. Y. N. H. & H. was pending upon obtained authority to issue $400,000 receiver’s certificates to build
a basis for the minority interest of five shares of common or two of
preferred for one share of New Haven. Preferre 1stock not exchanged additional cotton warehouses, etc. (V. 67, p. 320.)
Stock $6,000,000; par, $100. In February, 1897, a second mortgage
is to receive dividends of 3 per cent per annum under 99-year lease.
In September, 1898, »here had been exchanged or was held bv the les- for $2,000,000 was authorized, of which $1,000,000 issued for floating
debt and improvements.—(Y. 66, p. 134,1046; V. 67, p. 320.)
8®e 2 «
of tlie $20,000,000 common and $557,100 of
N ew port & C in cin n a ti B rid ge C o.—Owns bridge over the
the $5,000,000 preferred —V. 66, p. 384, 617,1002; V. 67, p. 126.
River from Newport, Ky.,
B onds.—The consolidated mortgage of 1895 is for $17,500,000 of 5 Ohioreconstructed in 1895-96. to Cincinnati, O. Bridge opened 1872
and
Louisville &
contract to
p. 0. bonds; in February, 1897, $5,000,000 of oonsols had been issued use the bridge; rental, $115,000 annually. Nash, is under $1.345 700
Pa. Co. owns
ana stamped guaranteed principal and interest by the N. Y New stock.
*
Haven & Hartford RR. See guaranty V. 64, p. 611. There are $10.000 000 bonds reserved to retire firsts, undisturbed.
For y0ar ending Deo. 31, 1897, gross $134,212; net.
A nnual R eport .—Fiscal year now ends June 30. For vear 1897-98 $109,910; interest, $63,000; reconstruction, 50,000; balance, deficit
In 1896, gross,
gross, $5,570,644; net, $1,342,648; other income, including net from $3,089. $230,956; balance,$120,427; net, $100,291; charges against
deficit, $130,665. (V. 63, p. 1011,1159.)
Norwich line steamers, $114,517; interest, rentals, etc.. $1.559 020- inoome,
N e w Y o r k B r o o k ly n & M a n h a tta n B ea ch R y .—Owns from
balance, deficit, $101,855. Report for 1896-97 was given in V 65 n’
726, showing gross, $5,237,191; net, $976,100; other income, $89.8’46: Fresh Pond Junction to Manhattan Beach (Coney island), and branches
interest, rentals, etc., $1,308,041; balance, deficit for vear. $242 095 to Bay Ridge and Greenpoint, 20 miles, of which 16 miles double track
LEASte, ETC.—A consolidation August 27,1885. Leased for 99 years
- ( V . 66, p. 954, 1U01, 1002, 1L89; V. 67, p. 29, 126, 4 2 5 , 428.)
from May 1,1882, to the Long
Co. at 35 per cent o f gross
N ew Jersey J u n ctio n R R .—Terminal road through Jersey Citv, earnings, rental guaranteed to beIsland RR.per cent on pref. stock.
at least 5
Hoboken and Weehawken, about 5 miles. Leased for 100 years from
B onds.—The mortgage of 1885 is for $2,000,000 and is now a first
June 30,1886, to New York Central which guarantees the bonds abso­
li0n- (V. 63, p. 1116.) Trustee is Central Trust Company. The L I
lutely and owns $100,000 stock. Connects with National Docks Ry.
RR. has attached to the bonds its unconditional guaranty of principal
N ew Jersey dc New York: R R . —Owns from Erie Junction, N J
and interest in addition to
memorandum as to
0 Garnerville, N. Y „ 29 miles; branches to New City, etc., 5 miles ; oper­ printed upon them. V. 56,the 812; V. 64, p. 234. the lease previouslv
p.
*
N a s h . F lo r . A S h e ff.— 1st M. ($2,500,000), gold, gu.<
N a s h v ille A K n o x v ille —1st mort. for $2,000,000. .o’
N a t i o n a l D o c k s R a i l w a y —Stock...............................
N e ls . A F t.S h e p .— 1st M., l.gr., s.f., g „ $1,500,000.0'




1870
1887
1888

O c t o b e r , 1898.]

RAILRO AD

STOCKS

AK D

BONDS.

9?

S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n t b e s e T a b le s .
RAILROADS.
Bonds—
Print i-INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When DneV
Amount
For explanation o f column headings, &o., see notes of
of
Par
Rate per When Where Payable, and by Stocks—
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom,
Dividend.
N -_Y . B r o o k l y n <6 M a n h a t. B e a c h —Common stock..
100
$350,000
Preferred stock, non-cumulative............................
20
100
650.000
5
A. A O.
Checks mailed.
Oct.’9 3 ,2 *2%
1st con. M. (now 1st M.) gold, guar. Dy L. I ___c*
20 1885
1,000
1.726.000
5 g. A. & O. N.Y., U. S.Mort. &Tr. Co. Oct. 1, 1935
N e w Y o r k < C a n a d a —Stock.......................................
&
100
4.000.
000
1st mortgage sterling, guar. D. A H. Can...........c*
150 1874 £100 Ac
4.000.
000 6 g M. A N London, Baring Bros. May 1, 1904*
Debentures, g., guar. p. A i. end. Del. A H. Canal.
1896
1,000
1.000. 000 4*2 g M. A N N.Y., D. & H. Canal Co May 1, 1904*
M e w Y o r k C e n t r a l & 11 u d s o n I t i v e r —S to ck .....
100 100, 000,000 4 in 1898 Q .-J . N. Y., Gr. Cent’l Stat’n Oct. 15,’ 98, 1 %
c 819 1873
N. Y. C. & H., 5 *30,000,000 > ___„
1,000 a22,961,000
J. A J N. Y., Gr. Cent. Station, Jan. 1, 1903
7
1st mort . . . ( £2,000,000 s coupon or reg. < 819 1873
1,000 a7,652,347
6 g. J. & J London, Union Bank. Jan. 1, 1903
Debt certifs., (N.Y. Central), gold, $6,450,000.c<fcr
1853 500 Ac a4,403,000
M. A N, N. Y., Gr. Cent. Station, May 1, 1905
Debentures, 1884, *10,000,000) All eq’ly ( . . c&r
1884 1,000Ac a6,106,000
dô
do
í * M. A S.
Sept. 1, 1904
Debentures, 1889, *1,000,000. f secured I ....... r
M. A S.
a833,000
5
do
do
Sept. 1, 1 9 0 «
819 1889 l.OOOAc
Debent’s, g., s. f., $13,194,000. fb y mort. 1 . o*<fcr
1890 l.OOO&c a6,851,000
J. A D.
do
do
4 g.
June 1, 1905
Refund.M., $100,000,000, gold J of 1897. i Ce&r
1897 l,000& c 25,518,600
3*2 g. J. A J.
do
do
July 1, 199T
Collat. trust, g. ($100,000,000) L. 8h. stk.G.c*<fcr
1898 l.OOO&c 90.170.000
do
do
3^g F. A A.
Feb. 1, 1999
do
do
($21,550,000) Mich. Cent. stk..G
1898 l,000A c 17.963.000
do
do
3iag, F. A A.
Feb. 1, 199ff>
w. F. C h ic a g o A St. L o u i s —Common stock.................. 523
100 14.000.
000
2d preferred (5 per cent, non-cumulative)............ 523
100
11.000. 000
1st preferred (5 per cent non-cumulative)............ 523
100
5,000,000 2 in 1898 March. N. Y., Gr. Cent. Station, Mch. 1 / 9 8 , 2 «
1st mortgage gold, sinking fund not drawn.. o*<fcr 505 1887
1,000 19.425.000
A. A O N. Y., Union Trust Co, Oct. 1, 1937
Equip, trust, A , gold, $60,000, Sept. 1, yearly. C .
1892
1,000
Í * M. A S. N. Y ., Central Trust Co, Yearly to 190®
300.000
Equip, tr. B , gold $23,000 due yrlyFeb. 15,C.o<fcr
1896
1,000
304.000
F.AA 15
5
do •' do
Yearly to 1911
M . T. <t O r e e n w .L . —Prior lien M., gu. p. <fci.,.N.gxc*
53 1896
lOOAc
1.500.000
New York.
May 1, 1 9 4 5
5 K M. A N.
N Y . <t H a r le m —Common, 11*2 to 12 p. o., gu ar...
145
50
8,646,050 12 in ’97 See text N. Y., Gr. Cent. Station, Oct. 1, ’9 8 ,2 %
Preferred stock, l l 1 to 12 per cent, guar............ 145
^
50
1,353,950 12 in ’97 See text
do
do
Oct., ’ 9 8 ,2 %
Consolidated mortgage, coupon or registered..c* 136 1872 l,000Ac 12, 000,000
M. A N.
7
do
do
May 1 , 1900
Refunding mortgage, $12,000,000, gold...Gc*&r
1897 l,000&c
From May 1,1900.
3*2 g. M. A N.
May L 2000*
N . F. L a c k a w a n n a < W e s te r n —Stock, guar. 5 p. ot.
&
214
100 10,000,000
5
Q.—J. N. Y., by Del. Lack. A W. Oct. ’99, li* %
1st mortgage, guar, by Delaware Lack. & West.o* 200 1880
1,000 12 ,000,000
6
J. A J.
do
do
Jan. 1, 1921
2d mortgage, guar, by Delaware Lack. & West.o* 200 1883
1,000
5.000.
000 5
F. A A.
do
do
Aug. 1, 1923
3d M. Terminal Imp. (for $5,000,000), gu. p. & i.J 200 1890
1,000
5.000.
000 4
M. A N.
do
do
May 1, 1923
N e w Y o r k L a k e E r i e dt W e s te r n —See E rie RR.
a As reported June 30, 1898; the amount out standi ng wh en refulnding began.is given in first left hand column.
N e w Y o r k Sc C a n a d a K R . —Owns from Whitehall, N. Y., to
Payments—
1898.
1897.
1896.
Rouse’s Point, N. Y., 113 m iles; branches, 38 miles; total, 151 miles.
$5,972,422
Rentals paid.....................
$5,924,736
$5,967,605*
Interest on debt...............
5,480,104
4,126,490
4,153,77®
L ease . E tc.—Leased in perpetuity and virtually owned by the Dela­
224,459
228,900
224,219
ware & H. Canal Co., which guarantees the bonds, and has $3,760,741 Taxes on earn, and stock..
300,000
300,000
300,000
invested in the property, $1,000,000 having been funded in 1896 into Reserved for deb’tures...
the guaranteed gold debentures. See copy o f guaranty, V. 64, p. 181. Dividends......................... (4) 4,000,000 (4) 4,000,000 (4) 4,000,000
Cross.
Met.
Charges.
Balance. Balance from operat’n ___
$654,472
$51,867
sur. $ 4 3 ,7 9 »
Year to <1897-8.......... $937,829 $284,533 $313,572 def. $29,039
June 30. (1896-7.......... 937,892 253,839
280,703 def. 26,864
* I deludes $800,000 new equipment.
—(V. 62, p. 320, 949; V. 63, p. 3 5 5 , 880; V. 64, p. 181, 234.)
President, S. R. Callaway, Cleveland, Ohio.—(Y. 67, p. 29, 223, 321,,
5 * 7 ) 5 7 7 ; 5 9 1 )7 3 7 .
N e w Y o r k C e n tr a l Sc H u d s o n R i v e r B R ,> (S ee MqpJ-Includes:
, N e w Y o r k C h ic a g o Sc St. L o u is R R ,—(See Map o f New York Cen­
Lines owned.
^
Miles. Mohawk & Malone................ ff 182 tral <t Hudson River.)—Owns from Buffalo, N. Y., to Illinois State Line.,
New York to Buffalo............. 442 Carthage & Adirondack___ if 46 except 8 miles leased between Dunkirk and Silver Creek, leaving 4 9 4
Branches.................................. 378 Gouverneur & Oswegatohieif
13 m ues; leases the proprietary line, Chicago A State Line RR., 111., S ta te
Lines leased. If See this C .
co.
O
New York A Putnam ............if 61 Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver C reek.
West Shore..... ...................... if 495 Tivoli Hollow R R .................
..IT
1 8 miles: total. 512 miles; trackage in Buffalo, N. Y., 1*« miles, ana
Troy A Greenbush..............If
6
-1!
Grand Crossing Chicago, 111. (Lake Shore R R .), 9 miles.
Spuyten Duyvil & Pt. M ...if
6
-11
Total in earns. 1897-98___2,395 1 8 8 —Yb® "N ickel Plate” road, foreclosed and reorganized in
New York & Harlem............ if 136
- ir
Controlled—Operated separately.
New Jersey Junction.......... if
5 Lake Shore A Mich So...........1,413
..11
Stock .—Lake Shore A Michigan Southern owns $6,240,000 common.*
Rome Watertown A O g.....if 624 Michigan Central................... 1,642
-.11
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
The N. Y. Central Division has 287 miles laid with four tracks.
D ividends .—O n ) ’ 91. ’ 92. ’ 93. ’ 94. ’95. ’ 96. ’ 97.
’98:
3
4 none. 5% none.
2%
H istory , A c.—A consolidation Nov. 1,1869. Control of the Lake 1st pref. in March J 3*2% 3
Shore and Michigan Central roads was acquired in 1898, as stated
B onds.—A sinking fund of $100,000 per year is provided when n e Y
below.
®
a™ViS8 are $900,000 or upwards, if bonds can be bought at or b e lo w
102;
Capita !. Stock .—In May, 1895, $4,571,700 stock was listed on the E x­ moreif not, the sinking fund lapses for that year, thus leaving $100,000
The original issue
change, making total listed $100,000,000; V. 60, p. 874. Dividends it has for dividends. to present amount o f bonds was $20,000,00®, a n d '
been reduced
by the sinking fund purchase».
on stock registered in London are payable in gold at 49 %d. to dollar.
Statement o f road under mortgage in Supplement of Sept., 1894. See»
abstract of mortgage.—V. 45, p. 541.
D ividends since J ’85. ’86-89. ’90. ’91. ’ 92. ’ 93. ’94. ’ 95. ’96. ’97 ’98
1884. Percent. (3^2 4 yrly. 4^2 4*2 5 1 5
*
5 434 4 4
4 ’
L atest E arnings .—Jan. 1 to June 30 (6 months):
—
Net.
Oth.inc. Int.,taxes,ete. B a l.,d ef.
B onds.—Description of debentures was on page 3 of Supplement , 9
$597,611
$2,508
$602,515
$92,39 ® ;
1895.vThey are a11 secured by the refunding mortgage of 1 8 9 8 ...........$2,982,205
459,215
3,303
611,639
149,121
tlie 31flS- Ref- mortgage is for $100,000,000, of 1897 ............ 2,555,237
which $70,377,333 reserved to retire existing bonds at or before ma­
A notal R eport .—Report for 1897 Y. 66, p. 897. Principally a freight;'
turity and $14,622,667 for premiums; the remainder ($15,000,000) line, freight in 1897 contributing $4,843,568 out o f $5.815,217.
^
are reserved for new construction a,fter 1903. The mortgage covers
Year end. Dec. 31— |1897.
1896.
1895.
1894.
all the road, franchises, leases, equipment, etc., and will retire all the
.$5,815,217 $5,587,766 $6,317,950 $5,629,239
company’s fo r n ix Indebtedness, both mortgage bonds and debentures,
. 1,084,592
977,605
1,228,231
957,261
i o /c n n ’
801,000 3*28 of 1897 had been issued to retire $20,. 1,091,891
987,248
1,236,814
964,251
424,699 o f old bonds. V. 66, p. 1140.
Interest on bonds___
777,000
777,000
777,000
777,00®
Collateral trust 3^8 o f 1898 are secured respectively by deposit in Equip, trust charges.
116,542
112,972
83,000
8 6 ,0 0 0
trust with the Guaranty Trust Co., mortgage trustee, of stock of the Rentals.................. .
90,694
94,190
95,507
91,92«?
L,ake »gore A Mi chigan Southern and Michigan Central RRs. at the
(2) 100,000
250,000
•°i$^00i )f A* J k * M* S* stock f or each $200 of bonds and $100
o f Mich. Cent, stock for each $115 of bonds outstanding. The total
Balance, surplus.
$7,655
$3,086
authorized issues of 3^8 are $100,000.000 for Lake Shore and $21.$31,306
$9,32T
o'O.OOO for Michigan Central. The bonds issued in exchange for L. S.
„ v
ui ,»oar siveu are paia in M arch
& M. S. stock bear interest from Feb. 1,1898. Tbe loans are secured i of following year. President, William H. Canniff.—(V. 67, p. 372.)
by separate deeds o f trust. See V. 66, p. 288, 336, 760, 811.
N e w Y o r k Sc G r e e n w o o d L a k e Y L y — ( S e e M a p o f E r i e R R .)—
Guaranties .—The company guarantees the securities of its leased Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, an®
lines to a considerable aggregate—see separate statement for each com­ branches to Rmgwood, etc., 8 miles; Watchung Ry., Forest H ill t »
pany marked with a ITin the table of mileage preceding. It also guar- Orange, N. J., 4 m.; total owned, 53 m. Stock, $100,000; par, $50.
antees Western Transit Co. 4^8 for $1,000,000 due February, 1903.
L ease . -O n May 1,1896,was leased to the Erie RR. for 999 years from
G eneral finances .—In January, 1898, J. P. Morgan A Co. of New ~ AyA A 896’. . f°r mterest on prior lien bonds. In September. 1897 '
York and J. S. Morgan A Co. of London undertook the conversion of $48,000 of the $1,500,000 prior liens were held to retire old incom es'
the outstanding bonds (see table) into new 3 *2 p. c. refunding gold yet unexchanged. Prior lion bonds are guaranteed, principal and in—
bonds PW terns in V. 66, P. 83, 384, 1090. The refunding will terest, by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
rI ,
'S f h A 6
/
la interest charges; in June, 1898, K V? " : Y o r k & H a r le m R R .- O w n s N ew York City to Chatham'
$20,424,699 old bonds had thus been retired at an annual saying in N. Y., 136 miles (four-tracked 7 miles north of Harlem River). U se
interest charge of $263,229.-V . 67, p. 54. The refunding of the Har- Boston A Albany RR. to Albany, 24 m. Also owns Fourth Ave. St. R R lem consol, mortgage is held in abeyance pending legal decision regard­ i
Pr°P«rty («xoept^the^ horse railroad) was leased April 1 „
ing disposition o f saving—see V. 65, p. 46, and Y. 67, p. 737.
J873’ for 401 years, to the N.Y. Cent. A Hudson River RR. at 8 per ce n t
In Get., 1898, the company had acquired *45,085,000 of the capital dividends on the stock and the interest on the bonds. N. Y. C e n tra l
stock 0;i - L ' U k e Shime road in exchange for 3 ^ p.c. bonds (see above),
ivvi8 011 ®ct' 5’ l 898* voted that the saving in interest c h a r g e »
$533,500 guaranteed 10 percent of $420,000 per annum from refunding $12,000,000 7s at 3*2 p; r c e n t
dividends (see V. 66, p. 288, 336,1238), ana also $15,620,000 of Mich. should go *200,000 to the Harlem and $220,000 to the Centralfbut th e
Central stock, leaving $3,118,000 still outstanding. V. 66, p. 760,1238.
lowed to ge to the oourts for settlement. V. 6 7, p 7 37
690,483. The
road
in July, 1896,
E arnings .—For 3 months ending Sept. 30 (Sept., 1898, partly est.): Traotion Co. forhorseyears was leased yearly (31*3 p. c. to M etropolitan
999
at $350,000
on stock ) fo r 5
?ao2w
i iG
^aAS
oarr asa.S, .arges'
i
Dividends. Balance.
Stock
1898...... $11,394,397 $0,467,182 $3,913,575 (1%)$1,000 000 $553 607 years and $400,000 (4 p. c.) thereafter: V. 62, p. 1088p 2 ¿3. is a i s »
entitled to benefit from certain real estate. See V. 67,
1897...... 12,278,948 4,891,336 3,190,294 (1$) 1,’ooSoOO 1 01,042
7
ANNUAL DIVIDENDS 1897 TO OCTOBER, 1898.
A nnual R eport —Fiscal year ends June 30. Report for 1897-98 was
given at length in V. 67, p. 527, 591. See also editorial p. 559. Aver­ Guaranteed by N. Y. Central................................8% (Jan 4% TuTv A
Guaranteed
.31«% ( April 14% 60L I 4
age tram load 1897-98 was 299 tons; rate per ton per mile 61-100 cent. Extra as lnt.by Met. Street Ry. rental. 178)...% % (April W.o, O ot7^ %>
on investments (V. 67,p.
%Y
Years end. June 30.
1898.
1897.
1896.
/»j9>Pen b®oount8» including investments, July 1,1897. were $ 1 2 0 0 —
Freight earnings.................$27,496,129
$25,850,731
$25,984,710 ° 99- aad ln°oiQe from interestthereon in year 1896-97, $55,565. ■ ’
Passenger earnings............ 13,250,800
13,094,619
13,705,021 —(Y. 65, p. 27, 46; V. 67, p. 178, 223, 321, 483, 690, 737.)
Miscellaneous earnings_______________ 7,278,780
5,334,789
5,455,236
w a n n a Sc W e s t e r n B y . —Binghamton to Buff
f al2
branches, 214 mfles, of which the main
Total gross earnings...$48,025,7.09
$44,280,139
$45,144,967 une, 213 miles^is double track; Delaware L. A W. has a lease for dura­
tion of charter from October, 1882, giving a guaranty of the bonds « « £
Net Income....................... $16,631,457
$14,631,993
$14,689,397 5 per cent yearly on the stock, bonds and stock being endorsed.




« 8

INVESTOBS’
SUPPLEMENT.
[V ol . L X m




^ -«^r"T
*
rggr

VANDERBILT LINES between NEW YORK and CHICAGO

O c t o b e r 1898. j

RAILROAD

STOCKS

AN D

99

BONDS.

Subscribers w i l l con fer a great favor by g iv in g im m ed ia te notice o f an y error discovered in tbese T a b les.
IBonds—PriitoYINTEREST
RAILROADS.
pal,When 3jne:
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks^-Last
of
of
Par
Outstanding Cent. Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
New Fork New Haven < Hartford—Stock. See text
&
Debentures, exchangeable for stock 1903........ c'
Deben., $10,000,000, currency, non-convert.c&i
N.Y. Prov. & B. IstM ., Prov. to Ston.(assumed).c*
1st M. (Stonington to New London) assumed.c’

123

..
..
50
12
62
49
74

Housatonlc old consolidated mort. (assumed)...
..
Danbury Branch bonds, sub. to call (assumed). ..
80
New consol, mort. ($3,000,000) g. (assumed) .o|
B onds of P roprietary , etc., L ines :
51
Bos. <sN.Y. Air L. 1st M., N. H. to Williman., Ct.c’
S
31«
Colchester RR. 1st M............................................. .
36
Danbury & Norwalk con. M. ($100,000 are 6s).c'
36
Genl. M., Danbury,Conn.,to Wilson Point, &c.c’
12
Harlem R.«Ss Portc.lstM .guar. ($1,000,000 6s).c<fcr
12
2d mortgage, guar. (See V. 56, p. 813)........ c&r
..
..
Housatonlc rolling stock certificates..........
55
Naugatuck 1st M., Nauga. June, to Winsted, Ct.r
13
New Haven & Derby 2d mort. (now 1st)............o*
13
Consol, mort for $800,000................................c*
Funded coupon certificates..................................
92
N. Hav.&North. 1st M.,N. H.to ConwayJ.,Mass.c*
Consol, sink. fd. $15,000 per year, not drawn.c* 114
Northern Extension bonds.............................. o*
27
Deb’tures ext. in ’96, non-conv.,V. 62, p. 54 8 .C * __
Holyoke <sW., leased, mtge. $200,000, guar, .c*
S
17
New En eland and Old Colony—See those cos.
51«
PawtuxetV. 2dM. (1st M. owned byN.Y.N.H.&H
51
Providence & Worcester 1st mortgage, currency
Nantasket Beach, 1st mortgage.......... .................
Text.
N. F . O n t. < W.—Con. M.,nowlst,g. ,red. at 105 in ’99.
&

$100 $50,784,400 8 in
1883 1.Ó00&
2,000,000
1893 lOO&c. 16,397,200
1897
3,000,000
1869
1,000
1,000,000
1881
1,000
300,000
1892
1,000
1,000,000
1880 l.oOo&c
200,000
1880 500 &o.
100,000
1882
61,000
1887
1 .0 0 0
2,839,000

1897
4
4
4
7
4
4 g.
413
4
5
5 8-

1880
1,000
1877
1880
1,000
1883
100
1873
1,000
1881
1.000
1889
1,000
1883 l.OOO&c
1870 500 &o.
1888
1,000
1888
1,000
1869
ljo o o
1879
1,000
1881
1,000
1886
1,000
1891
1,000

500,000
25,000
500,000
150,000
2,000,000
1,000,000
200,000
150,000
225,000
575,000

5
7
5&6
5
6 &7
4
5
4
7
5

1,3ÖÖ|ÖÖÖ
1,200,000
700,000
700,000
200,000

7
6
5
5

1880
1897
1880
1889

60,000
1,500,000
250,000
5,600,000

1,000
$ or £

4 8 0 ,0 0 0

Q .-M . New Haven, Co.’s Office. Se'pt,30,’98,2% T
June 1, 1903
See text.
A. & O. N. Y., Lincoln Nat. Bk.
Mat! 1M 947
New York.
M. & S.
J . & J. N. Y., Central Trust Co. Jan. I’ - 1898 .
Apr. 1, W bl.:,
do
do
A . & O.
Apr. 1, ls?*5r
do
do
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M. & S. N. H., Nat. N. H. Bank. Mch. 1, 1910
Apr. 1, 1910
New Haven, Conn,
A . «S O.
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Oct. 1, 1912
do
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M. & N. N. Y., Farm. L. & Tr. Co. Nov. 1, 1937
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June 1,
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New Haven, Conn.
New Haven, Ct., Treas. June 1,
Feb. 1.
New Haven, Conn,
May 1,
do
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do
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Apr. 1,
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do
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do
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do
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1905
1907
1920*
1925
1903
1911
1980
1913
1900
1918
1900
1899
1909
1911
1904
19121

Apr. 1, 1900*
O.
O Prov.,R. I. Hosp. &T.Co Oct. L 1947”
Oct. 1, 1900
O
See text.
D . N. Y. O ffice'¿'London.

N ew Y o r k L ake E rie & W e ste rn R R . —See E rie RR. Co.
1898.
1897.
1896.
1895.
$883,999
$826,091
$694,548''
N ew Y o r k N ew H a v en Sc H a r tfo rd R R .—Covers Southern Int. on fund. dbt. $1,024,138
24,995
333,988
660,766
111,983
New England and embraces the only direct routes between New York Other interest...
Rentals.... 3,370,477
3,450,172
3,418,105
3,322,407
and Boston. It includes :
1,647,744
1,492,237
1,464,605Leaned (part Owned.)
Miles. T axes....... 1,688.871
D ivid en d s.. . . . . .
3,809,816
3,803,516
3,608,542
3,794,290
L in e s O w n ed i n F ee—
V ile s . New Eng. RR. (which see)........528
Old Colony RR. (which s ee)..616
Junction near N. Y. City to
sur.$74,729 sur.$58,348 def.$315,302'
Springfield, Mass.................... 122 Litchfield, Conu., to Bethel___ 38 Balance... sur.$109.823
President. Charles P. Clark, New Haven, Conn.—(V. 67, p. 29, 576«,
L ines L eased—
Lines to Providence, Pittsfield,
etc.............................................. 294 Providence & Worcester........ 48 634, 7 3 2 .
Other lin e s ................................. 20
L e a s e d a n d C o n tr o lle d —
N ew Y o r k Sc N orth ern R R . —See New Y ork & P utnam .
Lines to Turner’s Falls, e tc ....299 Trackage to N. Y. City, e t c .... 22
N ew Y o r k O ntario Sc W estern R y .—(See Map.)—Operates
Other lines.................................... 43.
Total oper. July, 1898 (83 miles has four and 654 two tracks)..2,030 from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Miles.
Road Controlled, <tc.
Miles.
H istory .—A consolidation in 1872 of the New York < New Haven
fe
and the New Haven & Hartford. In years 1892 and 1893 acquired Oswego to Cornwall, N.Y........ 272 Pecksport Conn, (all ow ned).. 4
control of several companies whose bonds are given in table above. Branch to New Berlin.............. 22 Ontario Oarb, & 8. (all owned.)
do to Delhi........................ 17
Cadosia.N.Y., to Scranton, Pa. 5 4
The Housatonic, Shore Line and N. Y. Prov. & Boston have been ab­
do to E llen ville...............
8 Rome <s Clinton (leased).........tfl3
S
sorbed by consolidation. See also Old Colony.
Utica Clinton <s Bing, (leased). ^ 3*
S
In October, 1895, a controlling interest in the New England RR. was
Total ow ned............................319 Wharton Valley (leased)..........
7*
acquired, and in 1898 an amalgamation was pending. See below.
Trackage (till 2079) W. Shore RR.:
IT See this Go.
-----In 1895 acquired the entire stock of the Fall River SS. line and later
C’nwalltoW’h’ken(V.61,p.425) 53
Total operated July 1 ,1 897..481
the entire stock of the Providence <sStonington Line.
S
E l e c t r i c R a i l w a y s . —In 1895 control was acquired of the Stamford
Organization .—The New York <t Oswego Midland was sold in fore«
S
St. Ry. and the Meriden Electric Ry. Electric railway between Hart­ closure Nov. 14,1879, and this company organized. The N. Y. & On­
ford and New Britain. 10 miles, was opened in May, 1897. As to new tario Land Co. was formed in 1889 in its Interest and acquired ab out
lines in 1897-98, see V. 67, p. 732.
855 acres of coal land on which $600,000 bonds were issued.
Capital Stock .—Stock authorized, $100,000,000. It may be issued
Stock.—Stock is $58,118,982, (par, $100), of whioh $5,000 is old p r e tfo r Improvements, buying stocks and bonds of leased roads, ¿ 0.;
V oting T
.—The preferred
originally $2,000,000, but all eac$16,397,200 will be needed to take up the convertible debentures in oept $5,000rustbeen exchanged was bonds under act of June 8 ,1885.
has
1903. (V. 56, p. 289, 373, 579.) In June, 1898, application was made The exchanged preferred stock isfor alive under a voting trust and*
held
to list on N. Y. Stock Exchange $7,100,000 new stock, to be issued in elects eight of the thirteen directors under a provision of the "A r tic le »
exchange for the shares o f the New England and Shep. Litch. & Nor
a dividend
and paid upon
RRs.. which will increase the outstanding amount to $54,733,200. Of of Association,” until The voting shall have been earned in the interest
the common stock.
trustees elect directors
the new stock $3,351,000 was listed July 1898. V. 66, p. 1090,1138.
of the common stock. See V. 61, p. 425, 426, and editorial, V. 65, p. 495.
D ividends .— ) 1873-1893.
1894.
1895 to 8 ept.,’98, (lnol.)
B onds, Etc.—The mortgages cover 319 miles of road owned, and all(
Per cent, s 10 yearly.
9
8 (2 per cent quar.)
securities of Ont. Carb. & Scran. Ry., 54 miles. Refunding mortgagesecures $20,000,000 of 4 p . cts., of whioh $5,500,000 to retire $4,000,B onds.—The c o n v e r t i b l e d e b e n t u r e s of 1893 for $16,397,500 are ex­
changeable at option of holder “ on April 1,1903, or within 60 days 000 sixes (paid Sept. 1, ’92), $7,000,000 to retire $5,600,000 consol. 5sthereafter, and no longer,” for company’s stock at par. If not then (a sufficient amount to redeem which were sold in Sept., 1898), balance*
S
exchanged they will be paid in cash April 1,1908. See V. 55, p. 1035, for improvements, < sc. V. 67, p. 579. The mort covers all the com ­
and description page 4 Sup . of April, 1895. Non-convertible currency pany’s property, real and personal, acquired and to be acquired ?
debentures for $10,000,000 were authorized in April, 1897. Under the mortgage trustee is The Mercantile Trust Co. The 5 pei cent bonds
lease New Haven road “ assumed” the debt of Old Colony. In 1897, are to be called for redemption in 1899, at 105 and accrued interest,on
six months’ notice, effecting an annual saving of $50,000. V. 67, p.
$5,000,000 New England 5s were guaranteed. V. 64, p. 611.
guar.
L eased L ine Stocks .—The stocks of the leased lines unexchanged 579. $75,000 Wharton Val.notes, 5s, due 1918.
Car T
30,
on June 30,1898, and the dividends payable thereon are shown below, $17,500, rusts.—Car trust on JuneJune1897;1898, payable quarterly,
against $101,704
loans
the shares being all $100 each excepting Danbury < Norwalk, which June 30, 1898, $300,000; loans and30, receivable, and bills pay able
&
bills
$840,485.
are $50 each. The leases are for 99 years.
E arnings —2 months, >1898...........Gross, $735,749; net, $232,230
S to c k s —
T o ta l i s s u e .
TJnexch. D i v i d 'd . P e r i o d .
July 1 to Aug. 3 1 ..) 1897...........Gross,
794,813; net, 269,344,
Berkshire...................................... $600,000
$599,000 6 p. o. Q.—J.
A nnual R eport .—Fiscal year ends June 30. Annual meeting last>
B. <sN. Y. Air Line pref............2,998,500 1,394,700 4 p. 0. A. & O.
S
Wednesday in September. Report for 1896-97 was given at length in
do
do
com mon.. 891,100
184,300 Pays no divid’d.
Danbury & Norwalk.................. 600,000
152,925 5 p. o. J. & J. V. 67, p. 477, 485; see also editorial, p. 453. Coal traffic in 1897-985
Naugatuck.................................. 2,000,000 1,020,500 10 p. 0. J. & J. was 1,605,508 tons (out of 2,479,292 tons), against 1,653,596 tons
N. H. & Derby............................ 447.000
74,900
4
J. & J. in 1896-97, 1,715,991 tons in 1894-95, 1,642,063 Cons in 1893-94.
New England, common..........20,000,000 1,281,100 Pavs no divid’d. 1,352,225 tons in 1892-93 and 1,120,416 tons in 1891-92.
557,100 3 p.c. Oct.31,&c
do
do
preferred.......... 5,000,000
Fear ending June 30.
1898.
1897.
1896.
N. H. & Northampton................ 2,460,000
5,700
4
A. & O. Gross earnings..........................$3,914,635
$3,894,403
$3,779,335»
Old Colony.................................16,508,900 10,851,400
7
Q.—J.
Operat’g expenses and taxes. 2,801,642
2,780,497
2,698,558
Pawtuxet Valley (par, $ (1))... 100,900
100,900 7 p. c. J. & J.
Stookbridge <s Pittsfield........... 448,700
S
437,700
6
Q.—J.
Balance, net earnings_ $1,112,993
_
$1,113,906
$1,080,777
G eneral F inances.—In April, 1897, the sale of a block o f debenture Tot. net income, in cl. “ other.” $1,199,739
$1,196,706
$1,162,242
4s (out of $10,000,000 issue) and $5,000,000 guaranteed New England Interest on mortgage bonds..
615,000
609,055
6 0 5 ,0 0 0
5s was authorized and October, 1897, “ every note of the company had Miscell. interest and discount
............
4,478
371
been paid.”—see Y. 65, p. 564; V. 64, p. 374, 664. The me; ger of the Rentals p a id ............................
182,278
183,263
181,302
N. E .R R . upon the basis of five shares of common or two of preferred
for one share of New Haven stock will result, if complete, in an issue Balance, surplus.....................
$402,461
$399,910
$375,569
o f $6,500,000 of New Haven stock. New England preferred not e x ­
President, Thomas
changed will receive dividends of 3 per cent per annum under lease. 3 6 7 , 4 7 7 , 4 8 5 , 579. P. Fowler*—(V. 66, . 3 3 7 ,9 5 5 ); V. 67, p. 321
In 1898 all except $1,281,100 of the $20,000,000 New England com­
mon and $557,100 of the $5.000,000 preferred had been acquired —
N e w Y o r k Sc O ttaw a R R . —Incorporated in July, 1897, and ac­
V. 67, p. 732. V. 66, p. 384, 665. “ Boston Terminal Co.” is building quired the Northern New York RR., Tuppers Lake to Moira, N. Y ., 56 •
a ^expensive station—see this Sup ., p. 146.
miles. Cornwall, Canada, to Ottawa, 57 miles, operated from Ju ly 29
A nnual R eport .—Fiscal year ends June 30. Annual meeting is 1898. Line from Tuppers Lake to Ottawa, 128 miles, in operation!,
held third Wednesday in October. Report for 1897-98 was in V. 67, p. except the bridge over the St. Lawrence. Capital stock authorized in732. Figures include Old Colony
September, 1898, to be increased from $1,480,000 to $3,000,000, to
F r . e n d . J u n e 30.
1898.
1897.
1896.
1895.
acquire stock of subsidiary companies. V. 66. p. 1189. Bonds have
Miles operated..
1,464
1,464
1,464
1,464
S£e£ £ utl}?rrioid Pe,r “ A
1®: first mortgage, $15,000; second mortgage,Passengerearns.$15,901,669 $15,967,864 $16,274,100 $15,298,056 $5.000. (V. 66, p. 1189.) Year ending June 30, 1898, gross, $337751;.
Freight earns... 14,081,857
13,340,213
13,772,071
12,309,954
-^ar,£es’ $$»304. Chairman is George Foster Peabody.
Miscellaneous...
339,212
315,256
299,459
293,725 —(V. 65, p. 152, 412, 572; V. 66, p. 1189.)
& P e n n sy lv a n ia R R . —Oswayo, Pa., to Rexv ilie,
Gross earnings..$30,322,788 $29,623,333 $30,345,630 $27,901,735
N. Y., 28 miles extension to Canisteo, 14 miles, completed in Nov emNet earnings___ $9,431,052
$9,580,077 $9,208,403
$8,837,708 ber, 1896; total, 42 miles. From Canisteo will reach Hornellsville over
Other in com e....
601,068
614,071
855,685
234,825
Stock, $500,000 (par,$100); outstanding, $462,000. For year
$28,821; net, $9,375; charges, $6,028; balance sur plus.
Tot.netincome$10,032,120 $10,194,148 $10,064,089
$9,072,533 $3,347,
Y, 62, p. 1178
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RAILKOAD

STOCKS A N D

BONDS.

101

Subscribers w ill confer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these Tables*
RAILROADS.
Bonds—
PrinciINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount „ Rate pei When
f o r explanation of column headings, &c., see notes of
of
Par
Where payable, and bj Stocks—Last
on first page of table.
Road. Bonds Value Outstandin g Cent. Payable
Whom.
Dividend.
/f. F. O u t. <■W e s t. —Refund. M.$20,000,000, g.c*Ar Text. 1892 l.O O o
£
O &
j g• M. & S N. Y. Office, 56 Beaver June 1, 1992
O tta w a R R . —1st M., $3,500,000__ S x.c*&r
4 g. M. & N.
New York.
Nov. 1 , 1917
¿d M . Incomes (cum. after July 1,1900), g.,S.,r .. 1897 1,000
.. 1897 l.O O O & c
6
July 1,1912
"®*£ I ST/? Pennsylvania—1 st M., $420,000.......
1896 100, &
o
6
J. & J. Homellsville,N.Y.offlce
............
a,Y . P h i l a . dt N o r f o l k — 1st M., $16,500 p. m., gold o* 112 1883
1,000
See teixt.
Jan. 1, 1923
6 g- J. & J.
income mort., gold, non-cum., $10,000 per mlle.r 112 1883
1,000
6
J. & J.
Oct. 1. 1933
NEW SECURITIES TO BE ISSUED UNDER PLAN.
1st mortgage, $3,000,000, gold.................
pp
112 1898
1,000
None.
4 g. J. & D.
Philadelphia.
1938
Income mortgage, gold, non-cum. ($1,000,000).. 112 1898
1,000
None.
J. & D.
P u t n a m . —N .Y . & No. 1st mortgage, gold.c
57 1887
1,000
5 g- A. & O.
New York City.
Oot. Ì , 1927
®?n->$6,200,000, g., gu. p.&l. end..e
57 1894
1,000
4 g. A. & O. N.Y., Gr. Cent. Station. Oot. 1, 1993
a . T . <t R o c k . B ’ h .— 1st M., $1,000,000, gold, gu..c’
__ 1887 1,000
984.000
5 g* M. & S. N. Y., U. S. M. & Tr. Co. Sept. 1, 1927
Income bonds, non-oumulative.........
r . . . . 1887
1,000
1,000,000
5
Jan. 1
None paid.
Sept. 1, 1927
a - f - S u s q u e h a n n a dt W est.— Fret.stock (See text)’."..
100
N.Y.,Of. 26 Cortlandt st Nov. 27,1893
Midland RR. of N. J, 1st mortgage, gold.......
c* ~72 1880 500& C , See text.
3.500.000
A. & 0.
do
do
Apr. 1, 1910
Paterson Extension RR. 1st M., real estate, g..c*
1 1881
£ g- J. & D.
1,000
225.000
do
do
June 1, 1910
N. Y. Bus. & W. 1st M., refdg, g. (2d M on 73 m.) .o* 134 1887
1,000
3.750.000
J. & J.
do
do
Jan. 1, 1937
2d mort. ($1,000,000 gold) 3d M. on 73 miles.o* 134 1887
1,000
453.000
4!3g. F. & A.
do
do
Feb. 1, 1937
General mortgage for $3,000,000, gold.
o* 134 1890
1,000
F. & A.
do
do
Aug. 1, 1940
Collateral trustbonds, subject to call, cur.
_ 1895 1,000 2.547.000
£
373.000
6 g‘ M. & N.
do
do
May 1, 1905
Terminal 1st mort. for $2,000,000, gold..Us.c*<fcr . . . . 1893 l.O O O & c
2,000,000
M. & N.
do
do
Car trusts.......................................... .........................
May 1, 1943
213,680
i gWilkesb. & East’n, 1st M., gold, imar.p!
!o* *65 1892
1,000
3.000.
000 5 g• J. & D.
do
do
June 1, 1942
Connect. RR. 1st M. g.,reu. at 105, guar c
1897
1,000
450.000
6 g. M. & S.
New York Office.
Mar. 1, 1907
W x. T e x a s dt Me*.—1st. M.,g.,$ or £,gu.by So.Pac.o*,
.
91 1882 $ & £
1,457,500
A. & O.
N o r f o l k dt C a r o l i n a — 1st M. for $1,500,000, gold o*
i g- A. & O. N. Y.,8.Pac.Co.; London. Apr. 1, 1912
110 1889
1,000
1.320.000
N. Y., Central Trust Co. Apr. 1, 1939
1 g*
2d mortgage, $500,000. gold...............s . B a „ 'o *
102 1896
1,000
400.000
5 et. J. & J. Bait. SafeDep. &Tr. Co. Jan. 1, 1946
’
N o r f o l k dt S o u t h e r n —Capital stock..................
104
100
2.000.
000 1898 Q .-J . N. Y., Atlantic Tr. Co. Dot. 10,’98,1%
4 in
1st mortgage, $10,000 per mile, gold.................'o*
104 1891
1,000
750.000
do
do
May 1, 194i
N o r f o l k V a . R e a c h dt S o . —1st mortgage, g o ld .G ..c
r g- M & N.
1896
250.000
fc
5 g. M. < S. N. Y., Guaranty Tr. Co. Sept. 1, 1946
General 1st mortgage, gold, red. at 105.........." I
40 1898 .
500.000
5 g. J. & J. N. Y , Guaranty Tr. Co. Jan. 1, 1948
N o rfo lk & West. Tty.—Common stock, $66,000,000'
100 66,000 000
Adjustment pref, 4 p. o. uon.cum. $24.500,000.. I
100 23,000,000 See text. ....... JN Y.. O ff, 40 Ëxch. PI. Aug.24,’98,2%
] ".
N ew Y o r k P e n n sy lv a n ia & O hio It It .—See N ypano RR.
H L 5®.<iPuai 1 nty Tru8t 9°*> formerly N. Y. G. & I. Co., trustee) are
a
Y, rlVPh,iIadelp5lV & N orfolk R R .—Delmar, Del., to unconditionally guaranteed.—V. 60, p. 481.
o
l
CaPe Claries, Va., 95 m., and King’s Creek, Md., to Crisfleld, 17 miles.
J e ^ y Midland junior securities are exchangeable into
Bottomry mortgage $60,000. On June 30,1896, there were matured stock of this company on certain terms, and have mostly been so
Peaua. RR., $1,061,640, bills payable SSrVSiS? « There are also outstanding $70,000 Passaic & N. Y. RR. 6s,
lease 10
®
interest on which is guaranteed under 999-year
R eorganization P lan.—The plan of April, 1898, issued by Ellis
w S n n n (fee V. 66, p. 760) provides for foreclosure and issuance of

come bonds will be assessed 35 p. c. and receive 100 p. c. in new 2d
mortgage incomes. In June, 1898,90 per cent of the stock andincome bonds and two-th rds of first mortgage bonds had assented t >the
plan.—V. 66, p. 1141. Address Cassatt & Co., bankers, Philadelphia.
Foreclosure decree was expected in October, 1898.
^
EARNiNGS.— (189 ? ........ ...................... gross, $905,37?; net, $163,136
—V. 66^p. 665, 760,^811," i l i i ; 1189;’
^ 9 2 0 0 ,2 3 1
* p S.tn ? m » » . - O w n s 155th Street and 8th A ve„
?• v.C ijy (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles*
double-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles!
«i>^>Il TOR^,'T?uo^?o8? o i o tb® N*Y * & Northern, sold under foreclosure
mort. Deo. 28,1893, and purchased for N. Y. Central & Hudson
River RR., which operates it under lease—see V. 63, p. 754, 820, 1159.
Stock .—Capital stock is $6,500,000; par, $ 100.
B onds.—The N.Y. Central guarantees $5,000,000 of new consol, mort^ lcl1 $1,000,000 were reserved for improvements; also
$1,200,000 to retire at maturity the first 5s.—(V. 66, p. 83,135.)
New Y « rk & » o c k a w a y B each T t y . — (See Map Long Island RR.)
—Owns from Glendale Junction to Rookaway Park, with branch, 12
dodtoj® .track, (postly 80-lb. steel; leases,
1 93 miles, total. 13*93 miles; trackage to Long Island City, Brookpiles. Stock authorized and outstanding,
$1,000,000; par, $100. Controlled by Long Island Railroad Company
whose endorsement is printed on first mortgage bonds. For vear
onr» n viQ
1
'iU/i6
$212, 578; net, $69,393; interest, $49,o o P ’ i Hal' ’
In 1896-97, gross, $216,897; net, $42!385; interest, $49,200. (V. 65, p. 6 1 8 ,8 6 9 ; V. 66, pT336,954,1046.)
New York Susquehanna & W estern R R .—Operates direct
line from Wilkesbarre and the Wyoming Valley coal fields to Jersey
City opposite New York City, with branches, a total of 227 miles:
^
Lines owned in fee.
Miles.
L i n e s le a s e d , etc.
M ile s .
Jersey City to Gravel PI., P a.. 101 Middletown Un. & Water Gaptf 15
[Double track 19 miles.]
Wilkesbarre & Eastern—
Two bridges, N. J., to Unionville 21
Wilkesbarre to Stroudsburg.. 65
Other branches.......................... 17 Susq. Connecting R R .............. 8
Trackage, etc........................ „
g

E arnings.—11 months, ) 1897-8...Gross, $2,119,283; net, $971,866
July 1 to May 31.S 1896-7...Gross. 2,086,286; net, 929,156
R eport . - Report for 1896-97 in V. 65. p. 409, 511, showed on 162
Net earnings...............................
Other income.............................
_ ATotal......................................
Interest on bonds......................
Rentals........................................
Taxes............................................
Miscellaneous............ ...............

$813,007
665,777
28,706
50,774
26313

1894-95.
$1,753,353
586,847
23,527

7«8 566
44*,441
$863,025
669,618
26,703
50,096
26,296

$610,374
$624,900
26,703
47,499
52,649

Balanoe.............................. sur.$40,937 sur.$90,312 df.$141,376
r T1o « f £8TBM*
HF
—Earnings for the whole system, 228 miles, w ere:
In 1896-7 gross............ $2,248,822 . Net incom e.!.............. ..!$1,015,034
— .....................
970,478 Fixed charges...............
926,596
° ^ erAnoo“ « Y -v 4 . —
44,556 1Balance, surplus................................ 88,438
—(V. 66, p. 335, 574, 665, 769, 857, 901; V. 67, p. 74.)
’ f
, * £ rlc T exas * M exican R y . - ( S e e W a p o f S o u t h e r n
msenberg to Victoria. Texas, 91 miles. Stock,
$630,040, of which Sout iern Pacific Company owns $615,000. There
p? J W
6 0 h00i old 8ix?8 0s t a n d in g
Operated by the Southern
Pacific Co., which guarantees the 4 p. o. bonds.
] 1898................Gross, $25,373; net, $10,770
July 1 to July 31.
S1897................Gross, 24,344; net, 10,225
In year ending June 30, 1898, gross, $362,452; net. $188 496*
* 69 .4 ?8 . In calendar year 1896, gross’,
$298,997, net, $143,024. Due So. Pacifio Co. June 30,1898, $374,568.
& C arolin a R R .—Owns from Norfolk, Va., to T arboro,
N. O., 101 miles; branohes,9 miles; trackage to Rooky Mount,1 7 miles.
Opened April 1, 1890, and forms a part of the Atlantio Coast Line
«in n 1 °m n?H I ? ? 7,•■500 stock on June 1,1897. Stock, $1,500,000; par!
1
$100. Dividends: In 1896, 3 p. c.; in 1807, 6 p. c. V. 62, p. 186. In
year ending June 30, 1897, gross, $55^,0 '4 ; net, $191 525* other
L ^ 8!
“
$-!6,455 ; d i v f i d s . J&.OOO; I I I *
surplus for year, $16,-726. In 1895 6, gross, $192.412; net, $174 932
In 1894: 5, gross, $392,332; net, $117,242.—v ! 66, p. 2 3 3. *
™
NorfolkJfc Southern R R . —Owns Berkely, Va., to Edenton, N. C.
73 infies; (ferry across Albemarle Sound to Mackey’s Ferry, 9 miles:)
thence road to Belle Haven, 30 miles; total main line, 103 miles.
*
H istory .—Successor to Norfolk Southern, foreclosed April 29,1891.
D ividends . July, 1892, to Oot., 1898, incl., at 4 p. c. per annum.
R eport .—Fiscal year ends June 30. Earnings have been as follows:
1 8Q a
7
Gross.
-F ft.
O th e r I n c . C h a r g e s . S u r . t o r d i v .
...............$ o26,m35
$154,743
$4,455
$38,483 $120 715
1896-7 ---------1,918
126,543
2,694
38,732
90 5 05
In each year paid dividends of $80,000.—V. 63, p. 6 0 0 ; V. 65, pT 8 6 6 .
N orfo lk V irg in ia R ea ch & Southern R R .—Norfolk to Vir
gima Beach, Va., 18 miles, and to Munden Point, Va., 22 miles
making total 40 miles. Owns Princess Anne Hotel and 1,300 acres
of laniiat Virginia Beach. A reorganization of the Norfolk Albemarle
& Atlantic RR., foreclosed in 1896. See V. 62, p. 909 and 1178 8tn«b
$1.000,000. In Jan.. 1898, filed a mortgage fV $ 7 5 0 % )0 of 50-year
§n1(i c o ; trastee. Guaranty Trust Company, N. Y. Year ending June
n2,’.t18T ^ gr0.88’ $54*457: uet>$11,037. Alfred Skitt, New York,Presic
aent, J. Carstensen, Secretary and Treasurer.—V. 63, p, 459.

Total road operated (ffsee this co.) June 30,1897........ } ___ ____ 236
H istor v.—Consolidation in June, 1881, of the Midland of New Jersey
Mid other railroads and on April 25,1893, with the Hudson River RR.
& Terminal Co. The Wilkesbarre < Eastern, completed in 1894, and
fe
controlled by ownership of stock, affords independent access to the
anthracite coal fields. The New York & Wilkesbarre Coal Co. was
lts mt® st m 1833 to acquire coal lands and issued $450,re,
000 Of 6 per cent 1st mortgage bonds. The N. Y. S. & W. Coal Co. in
June. 1898, had outstanding first 6s due 1912, M. & S.. for $478 000
and 2d intg. 5s for $485,000; the latter bonds are pledged under the
coil* trust or lb9o.
Susquehanna Connecting was organized in 1897 to build about 22
miles, and connect with Wilkesb. & Eastern at Paddy’s Land and has
issued $50o,000 of bonds guaranteed by N. Y. Susq. & W.; $25,000 are
redeemed at each interest period. (V. 65, p. 409.)
. Control P urchased by E rie RR.—In 1898, a majority of the stock
had been purchased in the interest of the Erie RR. It is not intended
to merge the property in the Erie, but to continue its operation as
an independent and additional outlet to New York. See V 66 p 53 fob nwin 3 u
r n » y • ’ee Wap.-This system consists of the
-'S
83 and 759. The formal transfer to the Erie took place July l ! 1898’ fniir0^ 1 llne.8 clearly shown on the map, and extending from Nor^
V. 67, p. 74. As to offer to minority stock see next paragraph.
Mfik’ w fth T rltWhrd e° 9nlumbas’ Ohio, and northward to Hagerstown,
a™
A? thori?ed new preferred, $13,000,000; new common, $13,kad fW ed C e t0 th6 Miles. ^ ^
n
A
** Virginia and W
e8}.Ya*
|
000,000; outstanding,preferred, see table; common, $12,917,600.
'•orfolk,
1898, $90 in Erie 1st pr©f. Bind $loO in Eri© common w©r© Radford, Va., to Columbus, O ..710 Roanoke to Winston............. 121
Va.,to Bristol, Tenn. 107 Sundry branches................... ..125
offered for each share of Susquehanna preferred and common, respect­
Roanoke, Va., to Hagerstown.238
ively. V. 6b, p. 335, 573. In July, 1898, the Erie had acquired Graham to Norton....................100
nearly all the stock. V. 66, p. 759, 857.
Total of all June 30,1898.. 1,561
Nor. Car. June, to Iron Ridge 45 Double track............................
59
D ividends .— > Nov., 1891, to 1893.
None
Lynchburg to,Durham, N. C.. 115
On pref., p. ot. j
2 ^ yearly.
since.
issue of r e f u n d i n g m o r t g a g e bonds is limited to $3,750,- *v.?aGANIZXTIONr ,Tllis Railway company on Oct. 1, 1896, succeeded to
000. Of the g e n e r a l mortgage 5s, bonds are reserved to retire the the property and franchise of the Norfolk & Western RR. sold in fore^ ( M a r y l a n d & Washington division
second mortgage 4 1
s8. See mortgage abstract, V. 52, p. 84. The S orteL e^ a n d
of l he -Lynchburg & Durham RK. foreclosed under its
are exchangeable for g e n e r a l s on payment of *60 per bond.
subsequently also of the Roanoke & Southern foreOn N. Y. Stock Exchange $2,547,000 generals listed to October. 1898 Amaad1w3^a^ ’
and mer£?d in N. & W. The reorganization p la n
As to t e r m i n a l bonds listed in Sept., 1893, see Supplement of Jan., i
1898, and abstract of mort. V. 57, p. 512. The W i l k e s b a r r e dt E a s h r n was m V. 62, p. 641. The old stock paid an assessment of $12 50
per share, the old common receiving 75 per cent and the old preferred




103
INVESTORS’
SUPPLEMENT.
[You LTVil.




October,

RAILROAD

1898.J

sto c k é

and

bo n d s.

103

Subscribers w ill confer a great favor by g iv in g im m ed iate notice o f a n y error discovered in these T ables
B o n d s —Princ IINTEREST OR DIVIDENDS.
pal, When D ue.
_________________ RAILROADS,
___________ Miles Date Size, or
Amount Rate per When Where Payable, and by S to c k s —Last
Par
of
For explanation of column headings, &e., see notes of
Outstanding Cení. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.

N o r f o l k & W e s t e r n J t y .— ( C o n c lu d e d —

81
Norf’k & Petersb’g—2d M. (now 1st) Nor.toPet’ g.c
South Side—Consol, mort., lstp ref., extended. .0 133
Consol. M. 2d pref., gold, extended................... e 133
Consol. 3d pref., Petersburg to Lynch. & fir’s, .c 133
133
do
do
old 6s, extended 1896 & 1897.
do
do
old 6s, ext. in gold in 1898----- 133
Virginia & Tenn. Pref. stock, lien on 214 miles... 214
214
Enlarged M. (extend in. 1884)........................0
4th M.. now 2d, Lynehb’g to Bristol and fir’oh., c 214
STorf.&West.Gen.M..Norfolk to Bristol.etc. gold.c* 428
New River division 1st mortgage, gold..........c* 160
improvement & Extension Mortgage, gold.. .c* 588
Scioto Valley & New England, 1st M., assum.,g.o* 129
First consolidated mortgage securing: (Prior Lie nbond
Prior lien bonds, $3,500,000, gold, red. at 105. 1.570
First consols, $62,500,000, gold....... ........ o*<fcr 1.570
Col. Con. & Term. 1st M., gold. gu. p. & i. (end.)c*
Equip, trust of 1893, gold, not subject to call. .0*
Equio. trusts, guar, by RR. Equipm’t Co., g ...... 0
N o r th O a r . —Stock, 6*
2% till Deo.31,1901—then 7% 223
76
N o rth P a c i f i c C o a st —1st M., gold, sub. to call atlOO.c
91
General M. for $1,500,000, gold...........................0
86
No. P e n n — S
tk,. 8 p. 0. gu.990yrs.,$6,000.000auth.
56
Old 2d M., now 1st M.( 7s extended in 1896)....0
86
General mortgage bonds..............
o&r
Consol, bonds secured by $1,200,000 stock.......r
Real estate mortgages, June 3 0 ,1 8 9 7 ..................

1868 $1,000
1.000
1868
1868 100 &o.
1868 100 &o.
1,000
1868
1,000
1868

1,000
1854
1,000
1866
1,000
1881
1,000
1882
1,000
1883
1,000
1889
s to be issued
1896
1896 500 &o.
500
1892
1,000
1893
1892
1,000
1881
1892

100

1,000
1,000
50
1866 500 &o.
1873
1881

N o rfo lk < W e ste rn R a ilw a y (C o n clu d e d ).—
fc
112 hi per cent in new common stock. The new preferred was issuedto old bondholders.
.
„
„
.
The Norfolk & Western R R . was a reorganization in 1881 after fore­
closure sale of the Atlantic Mississippi & Ohio, which in turn was a
consolidation of Norfolk & Petersburg, South Side and Va. & Tenn. roads
Stock .—Provisions of preferred stock certificates were given in Sup ­
plement of April, 1897, page 4, said stock being 4 p. c. non-cumulative,
with preference as to assets and dividends, and with right during the
first five rears to elect two-thirds of the directors unless three full yearly
dividends are paid. No additional mortgage can be created without
consent of two-thirds interest.
D ividends —On adjustment pref.: N ov.,’97,1 p. c.; in ’98, Feb., 1 p.
c.; Aug., 2 p. 0.
B onds.—The new bonds authorized are:
P r i o r L i e n 50-year gold bonds, only if necessary.................. $3,500,000
F i r s t C o n s o l. M . C o ld 4», due 1996............. ............................. 62,500,000
Of which for old bonds disturbed..................... .................... 23,322,675
Reserved for $23,388,200 undisturbed bonds......................25,986,889
Reserved for existing obligations, or to retire Prior
Lien bonds if issued..................................... ..................-. 3,500,000
For new construction, acquisitions and improvements
not exceeding $1,000,000 yearly......................................... 9,690,436
The n e w 4 p e r c e n t f i r s t c o n s o l s are (subject to the small amount of
Prior Lien bonds which may be issued only in case of urgency) a
first mortgage on a large part of the system, viz., upon 845 miles of
railroad; upon important terminals at Norfolk and Lamberts P oin t;
upon the Ohio River Bridge and the Roanoke Machine W orks; besides
being a consolidated mortgage upon the remainder of the s' stem, sub­
ject to the undisturbed liens. They are further secured by the
equipment, certified to have cost over $11,000,000, covered by the Oar
Trusts and equipment bonds to be taken up under the plan. The Prior
Lien bonds if issued will be retired at 105 by sale whenever possible
of first consols at or above 95. Undisturbed bonds which cannot be
taken up at maturity on satisfactory terms by use of the consols re­
served for that purpose may be extended or renewed. See abstract
in V. 64, p. 3 7 6 . As to S c io to V a l l e y <& N e w E n g . see Sup . of Jan., ’94.
G eneral F inances.—The reorganization reduced the fixed charges
from $3,214,037 to $2,263,194, a reduction of $950,843; liquidated
floating debt and took up car trusts except those of 1892 and 1893.
The annual charges ahead of the new common stock are smaller than
those ahead of the old preferred stock. Of the company’ s traffic in
1897-8 58 per cent (4,016,563 tons) was bituminous coal and coke.
E arnings—2 months, 51898..........Gross, $1,810,499; net, $578,635
July 1 to Aug 31.
¿1897........... Gross, 1,903,980; net, 613,846
A nnual R eport .—Fiscal year ends June 30. Annual meeting is
held at Roanoke, Va., on second Thursday in October. Report for
1897-98, V. 67, p. 526, 536 (see editorial p. 602) showed:
Y e a r s e n d . J u n e 30—
1898.
1897.
1896.
1895.
Average miles operated.
1,561.
1,569
1,570
1,570
Passenger earnings......... 1,467,532
Freight earnings.. . . . . __ 9,306,899
Mail, express, <&
o............
461,692

1,406.223
8,695,633
435,857

1,551,732 1,526,388
8,894,880 7,889,010
462,247
458,224

Total gross earnings..11,236,123 10,537,713 10,908,859 9,873,622
Op erating exp. & taxes . 7,886,099 7,903,451 8,512,221 7,583,360
P. 0. of exp. to earns_
(70 18)
(75*00)
(78*03)
(76 80)
Net earnings............. 3,350,024 2,634,262 2,396,638 2,290,262
Other incom e...................
32,963
Net inoome................ 3,382,987
Interest on funded debt. 2,211,075
Interest on oar trusts....
28,358
Dividends........... .
454,198
M iscellaneous.................
4,605

Reorganized company
took possession Oct.
1,1896.

Balance......................sur684,751
Officers .—President, Henry Fink; Chairman of the Board of D i­
rectors, F. J. Kimball, 27 William Street. New York; Secretary, A. J.
Hemphill, New York; Treasurer, W. G. Macdowell, Roanoke, Va.
I ndex .—V. 65, p. 602, 617, 6 2 8 , 729,1115; V. 67, p. 2 7 2 , 275, 5 2 6 ,
£36.
N orth C arolina R R . —Owns from Goldsboro to Charlotte, No.
Carolina, 223 miles. Leased from Jan. 1,1896, to the Southern Ry. Co.
for 99 years at $266,000 (6*2 p. o. on stook) per year till Deo. 31,1901,
and $286,000 (equal to 7 p. o. on stock) balance of lease; also taxes.
V. 63, p .361. Of the stock the State of North Carolina holds $3,000
OOO. The Southern Ry. has set aside $4,000,000 of its new consols to
be used, if desired, to acquire a like amount of North Carolina stock
Dividends, Feb., 3*2 p. 0. and August. 3 p. 0. All contested questions
with State of North Carolina regarding lease were settled in March,
1898.- V . 65, p. 27; V. 66, p. 665.




5
$496,000
5&6
290.000
5 g .&6g.
270,500
6
152,800
5
200.000
41
gg.
100,000
10,900
6 g.
5
985.000
8
1,000,000
7.283.000
6 g.
6 g.
2,000,000
5.000.
000 6 g.
5.000. 000
4 g.
only if neoes sary).
4 g.
None.
4 g.
23,319,100
5 g.
600.000
266,000
5 g.
253.000
5 g.
6I3-7
4.000.
000
590.000
6 g.
5 g.
908.000
4,720,750
8
4
1.500.000
4.500.000
7
1.200.000
6
319,257

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

J. N. Y., Mercant. Tr. Co. July 1, 1900
July 1, 1900
do
do
J.
July 1, 1900
do
do
J.
Jan. ’99-1900
do
do
J.
July 1, 1900
do
do
J.
July 1, 1900
do
do
J.
do
do
June 30,1900
do
do
& J.
Mch. 1, 1900
do
do
& J.
May 1, 1931
do
do
& N.
Apr. 1, 1932
do
do
& O.
Feb. 1, 1934
See text.
< A.
fe
& N. N. Y., Meroant. Tr. Co. Nov. 1, 1989
&
&
&
&
&
&

A. & O.
J. & J.
Q.—J.
Q.—J.
F.&A. 10
M. & N.
J. < J.
fe
Q.—F.
M. & N.
J. & J.
M. & 8.

1946
New York.
N.Y. Mercantile Tr. Co. Oct. 1, 1996
N. Y., Atlantic Trust Co. Jan. 1, 1922
Ap.’98-Jan.’03
Ap.’98-Oct.’02
Aug., ’98,3%
Burlington, N. C.
San Fran., Co.’ s Office. Nov. 1, 1901
Jan. 1, 1912
do
do
Phila. Of., 240 So. 3d St. Aug.25,’ 98,2%
May 1, 1936
do
do
Jan. 1, 1903
do
do
Sept. 1. 1905
do
do

N orth Pacific Coast R R . (N a rro w G auge)—Owns San Fran­
cisco to Cazadero, 87 miles; branches to San Rafael aud Mill Valley, 4
miles; leases to San Quentin, 3 miles; total operated, 94 miles, includ­
ing ferry to San Francisco, 6 miles; also has ferry to San Quentin, 11
miles. Stock authorized, $3,000,000; issued, $1,500,000; par, $100.
For year ending June 30,1898, gross, $355,281; net, $118,742; inter­
est and taxes, $95,417; balance, surplus for year, $23,325. In 1896-7
gross, $348,130; net, $118.904.—V. 63, p. 4 0 0 .
North P e n n sy lv a n ia R R .—Owns from Philadelphia, Pa., to
Bethlehem, Pa., 56 miles; branches to Delaware River, &o., 30 miles;
second track, 54Lj miles; total track, 217 miles. Ground rents
July 1, 1897, $170,371. Leased for 990 years from May 1,1879, to
Phila. & Reading RR. at 8 per cent on stock, and lease assumed in
1896 by Phila. & Reading Railway. (V. 62, p. 462, 870.)
N orth -E a st P en n sy lv an ia R R .—Owns road from Glenside to
New Hope, Pa., 26 miles. Controlled by P. & R. Capital stock,
$400,000, of which $315,000 owned by Reading Co. is deposited under
its general mortgage of 1897; par, $50.
N ortheastern R R . o f G eo rg ia.—Road from Athens to Lular
Ga., 39 miles. Opened in 1876. Sold in April, 1895, and purchased b y
the State, which leased it in May. 1396, to E. A. Richard & Co. fo r
$18,600 yearly, but road was turned over to State again May 7 ,1897,
rental being in default. State agent is Rufus Reaves. V. 64, p. 954.
Governor lias been authorized to sell the road for $287,000.
E arnings.—1 month, 5 1898......... Gross, $36,767; net, defloit.$197
July 1 to July 31.
¿1897......... Gross, 32,192;
net, 7,626
Year ending June 30,1898-, gross, $72,333; net, $15.986. In 1896-97,
gross, $64,988 ; net, $21,386.—V. 64, p. 1001, 1225; V. 65, p. 1174.
N orth -E a stern R R . —In 1898 merged in the Atlantic Coast Line
RR. of So. Carolina. (V. 67, p. 31,179.)
A nnual R eport .—Report in V. 65,p. 1170, and V. 66, p. 233, showed:
12 m o n t h s . C r o s s .
N e t.
O th er in c .
I n t., etc. B a l .f o r d i v .
1896-97...... $532,528
$162,310
$33,957
$137,440
$58,827
1895-96....... 530,760
164,413
36,163
135,220
65,356
Dividends for 1896-7 were $54,000, leaving bal. surplus of $4,827 fo r
year.—(V. 64, p. 887; V. 65. p. 1 1 7 0 ; V. 66, p. 2 3 3 ; V. 67. p. 3 1.)
N orth ern A la b a m a R y . —R oad —Sheffield to Parrish, Ala., and
branch, 119 miles. A reorganization of the Birmingham Sheffield &
Tennessee River Ry., sold in foreclosure Sept. 16, 1895. Stock —
$2,000,000; par $100. M ortgage trustee is Knickerbocker Trust Co.;
the bonds unissued may be sold at not exceeding $15,000 per mile for
extensions. E arnings—In year ending June 30,1898, gross, $192,890;
net, $60,642; taxes and interest on current liabilities, etc., $34,598;
balance, $26,044, added to surplus. In 1896-97, gross, $171,631. Fis­
cal agents, J. Kennedy Tod & Co., 45 Wall Street, New York.—(V. 56,
p. 1014; V. 61,p. 26, 111, 516. 829.)
N orthern (New H am p shire) R R .—Owns Concord, N. H., to
West Lebanon, N. H., 70 m iles; branch to Bristol, N. H., 13 m ; total,
83 miles. Lease to Boston & Lowell for 99 years from Jan. 1,1890, was
assigned to Boston & Maine, rental was 5 per cent on stock till July 1,
1897, and now 6 per cent, payable in gold. In addition to the
5 per cent dividends provided for by the lease, an extra 1 per cent
per annum (making the quarterly dividends 1 ^ p. c. each) has been paid
regularly from the contingent fund, and also in 1894, Jan., 5 p. c. extra
was paid; in 1896, July, 2 p. c. extra; in 1897, April, 2 p. 0. extra ;
in July, 3 p. 0. extra. Contingent fund April 30,1896, amounted to
$176,887.—V. 65, p. 463.
N o r t h e r n C aliforn ia R y . —See Southern Pacific RR.
N orthern Central R y .—Owns Baltimore, Md., to Sunbury, Pa.
139 miles, of which 117 miles double track—branch, 9 miles; leases—
Shamokin Valley & Pottsville Railroad, 28 miles; Elmira & Williams­
port Railroad. 78 miles; operates at cost—Elmira & Lake Ontario R ail­
road, 100 miles; Lykens Valley Railroad, 20 miles; Pennsylvania
Railroad, 3 miles; total operated, 377 miles. Also uses New York
Lake Erie & Western tracks, 7 miles, and Philadelphia & Erie traoks
between Sunbury and Lewisport, 40 m., and owns Union RR., 9 miles.
organization .—This was a consolidation of several roads in 1854.
Controlled by the Pennsylvania RR., which owns $3,488,950 stock. .
Securities O wned—On Jan. 1, 1898, among the assets held were
Balt. & Potomac stook (par) of $704,450; Elmira & Lake Ontario stook
(all), $1,500,000; Shamokin Valley & Pottsville stook, $619,650; Union
RR. stock. $1,225.000 (the balance of $875,000 being held by PhilaWilm. & Balto.), etc. Value of all, as per books, $2,693,829. The inoome from investments in 1896 was $324,384.
Liabilities .—Jointly with the Penn. RR. and Phila. & Erie this com
pany guarantees the Allegheny Valley 5 p e r c e n t l o a n o f 1870. Mort­
gages and ground rents on January 1,1898, were $352,382.
The company claimed the right to pay the $1,500,000 6 per cent
State loan on June 15,1898, but the matter is to go to the Courts for
settlement and interest meantime paid.—V. 66, p. 1141; V. 67, p. 126.
D ividends .— ) 1888. ’89. ’90. ’91. ’92. ’93. ’94 t o ’97. ’ 98.
P e r c e n t ...) 7
8
8
7
7
9
7
7
Earnings.—9 months, ) 1898...... Gross, $4,736,963; net, $1,266,706
I
Jan. 1 to Sept. 30. ,) 1897...... Gross, 4,885,441; net, 1,481,086

104

INVESTORS’

SUPPLEMENT.

[V o l . L X V II.

Subscribers w ill con fer a great fa v or by g iv in g Im m ed iate notice o f an y error discovered in these T a bles.
RAILROADS.
\ B on ds—Pnnci
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due,
Amount
For explanation o f column headings, &o., see notes of
of
Par
Outstanding Rate per| When Where Payable, and by S to c k s —Last
on first page o f tables.
Road. Bonds Value.
Cent. IPayable
Whom
Dividend.
N o . E a s t P e n n .— 1st M., g., gu.P.&R. old eo.(end.)c*
N o r t h -E a s t e r n ( S. O .)—See A tlantic Coast L ike
N o r l h ’ n A l a b a m a B y — 1st M., $3,000,000, gold..o

26 1890 $1,000
Co. OF So. Ca ROLINA.
107 1896
1.000

Equipment trust obligations, July 1,1 8 9 7 ..........
northern, (N. H .)—Stock, 6 p. o. rental.....................
” 83
100
•••
N o r t h e r n C a l i f o r n i a — See Southern P acific R R.
N o r t h e r n C e n t r a l — Stock ($8,000,000 authorized) .
50
1st mortgage, State of Maryland loan...................
138 1855
2tt mortgage.......... .................................................c* 138 1865 500 &c.
Consol. M., gold; coup., int. J & J; reg., A & O.o&r 138 1868
1,000
Consol, gen. mort. ( gold, s.f.. dm. at 100, A&B.o 138 1874-5 $ & £
of 1874, gold, se-< gold, $, C & D .......................c 138 1876-7 $1,000
cures all equally. ( gold, E .................................. c 138 1885
1,000
2d gen. mort., series “ A” & “ B” (A $2,467,000).. 138 76&82 1,000
Union RR., 2dm. (now 1st) assumed $ or £ , gold.c
9 1873
1,000
N o r t h e r n o f N e w J e r s e y —8took..................................
100
3d mortgage, now 1st (for $700,000)................ o
21 1887 100 &c.
Nyack & Northern 1st mortgage, rental guar...... 4-37 1880
N o r .O h i o —IstM.g. ($l5,000p.m.)gu.p.&i.L.E.&W.c*
167 1895
1,000
N o r th e r n P a cific B y . —
Com. stock, $80,000,000..
100
Pref. stock, $75,000,000, non-cum. 4 p. c<..........
100
No. Pac. RR., gen. 1st M., g., coup., dr. at 110.o* 2,146 1881
1,000
do
reg^clr. at 110 after coup, bonds retired. 2,146 1881 5,000&c
Western RR. Minn. 1st M., gold, assumed............ 60*2 1877
1,000
St. Paul & N. P. Gen. M., I’d grant, assumed.c*<fcr 182 1883
1,000
New mortgages o f Northern Pacific B y . —
Prior lien M. $130,000,000 gold, land gr.. .c*<fcr See î 1896 500 &c.
Gen. lien M. $190,000,000, g.,land grant.. .c*<fcr See i 1896 500 &c.

$400,000

o g- A. & O. Phila., Phila. & Read’g. Apr. 1, 1920

1.700.000
5 g. J. & J.
180,000
3,068,400 See text. Q .-J .

New York, Agency.

Jan. 1, 1926

Boston, 19 Milk St.

O et.l,’98,li2%

7,518,150 7 for »98 J. & J. Balt. & Phila.; Pa. RR. July 15,’ ¿8,3%
1.500.000
6
Q .-J .
Annapolis.
See text
1.126.000
6
A. & O. Baltimore & Philadelp’ a Apr. 1, 1900
2.804.000
6 g. Various Baltimore, Treas. Office. July 1, 1900
1.224.000
6 g- J. & J. London and Baltimore. July 1, 1904
2,000,000
6 g. J. & J. Baltimore, Treas. Office. July 1, 1904
1.557.000
4*2g. A. & O.
do
do
Apr. 1, 1925
3.418.000
5
J. & J. Baltimore,Treas. Office. Jan. 1, 1926
600,000
6 g. M. & N.
London & Balt.
May 1, 1900
1,000,000 is in ’97 Q.—M. N. Y., 199 Chambers St. Jan. 15 ’97,*2%
654.000
6
J. & J. N. Y., U. S. Mort. & Tr. July 1. 1917
150.000
6
J. & J.
do
do
1900
2.500.000
5 g. A. & O. N. Y.. Chase Nat. Bank, Oct. 1, 1945
80,000,000 To be he Id in vo ting trust until Nov. 1, 1901.
4
75.000. 000
New York.
Dec. 5, ’98,1%
e 3,139,000
6 g. J. & J. N.Y., J.P. Morgan & Co. Jan 1, 1921
c 6,050,000
do
do
Jan. 1, 1921
J. & J.
402.000
M.3JS& 4:
N
do
do
May 1, 1907
8.021.000
6 g.
D
do
do
Feb. 1, 1923
86,131,400
56.000.
000

4 g.
3 g.

& -J . N.Y., J.P.Morgan&Bert Jan. 1, 1997
Q.--F.
do
do
t Jan. 1, 2047

x Exclusive oi $3U,»73,400 held for prior lien M. ot 1896. but incl. $i,y28,000 oalled for navment Jan 1 ’99 —V fi7 n iv s —
U Coupo n
nnes8
i^ownedr etcb 4°dm^e8F' ' Berlin at 4-20 marks Per doUar.
14,499 miles, including 44 miles not operated; spursf 126 miles; trackage,
mi
A nnual R eport .—Fiscal year ends Deo. 31. President’s report for
1897, given at lengthin V. 66,p. 423,427, showed the follow ing:
T e a r e n d . D e e . 31—
1897.
1896.
1895.
1894.
Gross earnings............$6,732,703 $6,286,602 $6,506,028 $6,031,260
1,643,497 1,907,509 1,797,144
Net earnings............... 1,934,336
Otherreceipts.............
366,788
400,075
457,391
386,335
Total net income----- $2,301,124 $2,043,572 $2,364,900 $2,183,479
Rentals, &o....................
410,040
436,592
455,996
485,759
Interest on debt............
834,153
843,632
852,588
850,921
Dividends...................... (7)526,267 (7)526,267 (7)526,267(7)526,267
Miscellaneous..............
134,060
159,490
378,191
210,840
Balance, surplus---- $396,604
$77,590
$151,858
$109,693
—(V. 66, p. 3 8 0 , 4 2 3 , 4 2 7 , 709,1141; V. 67, p. 126.)
N orthern R R . o f N ew Jersey.—
«Owns from Bergen, N. J., to
Sparkllf, N. Y., 21 miles; leases Sparkiil to Nyack, 5 miles. In July,
1897, oontrol was purchased by the Erie RR. which has been operating
the road for 68 *8 per cent of its gross earnings. The road w ill still be
operated separately. V. 65, p. 151. Stock, $1,000,000; par, $100.
D ividends since 1892 : In 1893, 4^4 p. e . ; in 1894,4*4 p. c . ; in 1895.
4 ^ ; in 1896, 4; in 1897, Jan., ^ p. c.; July, none.
A nnual R eport .—For fiscal years ending June 3 0 :
T ea r.

B en ta l.

N et in c o m e. C h a rg es.

B a l.,s u r .

D iv id e n d s .

1896-7.........$1J 9,977
$92,924 $81,208 $11,716
(8*2) $85,000
1 8 9 5 -6 ...... 118,241
98,059
56,079
41,980
(4 ) 40 000
—(V. 63, p. 8 3 7 ; V. 65, p. 69, 111.)
N orth ern Ohio R a ilw a y .—( S e e M a p L a k e E r i e & W e s t e r n .) —
Owns road from Akron to Delphos, O., 165 miles; branches, 2 miles.
A reorganization o f Pittsburg Akron & Western sold in foreclosure
Oct. 17,1894. Road is leased in perpetuity to L. E. & W. V. 62, p. 826.
The Cleveland & New Castle was building in 1898 as an extension of
the No. Ohio Ry.from Akron, O. to New Castle, Pa., with a branoh, in all
about 85 miles. A t New Castle connection will be made with the Al­
legheny & Western to be constructed in the interest o f the Buffalo
Roch. & Pittsburg from New Castle to Punxsutawney. A traffic con­
tract has been agreed upon between the two companies, and the
through line w ill be put into operation during 1898.—V. 66, p. 337.
Stock .—Common stock (all owned by L. E. &W.) $3,580,000; pre­
ferred non-oumulative 5 p. c. stock, $650,000; par of each $100.
B onds.—The f i r s t mortgage is for $4,000,000 and bonds are guaran­
teed, principal and interest, by Lake Erie & West, by endorsement on
each bond. Bonds for $1,500,000 “ are only to be issued at not to ex­
ceed $15,000 per mile of completed roadfor suchhereafter constructed
or purchased road, if any.” For year ending June 30,1897, gross
earnings were $123,735; net, $14,377; charges, $133,288; deficit.
$118,911. In 1895-96, gross, $149,469; net, $8,552.—V. 66, p. 337.
N o r t h e r n Pacific R a ilw a y .—( S e e M a p .) — Operates one of the
leading lines to the Pacific, having its eastern termini at St. Paul,
Minn., and Duluth, Wis. (the head of Lake navigation), and run­
ning thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining district of Montana and the farming
country of Washington to Tacoma and Seattle, and to Portland O v e gon, with branches to Winnipeg, etc. The svstem comprises •
Main' l i n e .
M ile s .
B r a n c h e s , etc.
M ile s .
Ashland, Wis., to Portland,
Spurs, main and branches. . 126
Ore........................................2,157
Brainerd to St. Paul, etc. . 181 Total system June 1,1898....4,499
Total main line................... 2,331
Various branches........ .........1,999
Main line operated.............4,330
43
Branches not operated.........

S in c e a c q u i r e d ( o p e r a t e d a s
i n d e p e n d e n t p r o p e r t i e s )—
Seattle & Internat........... .
165
Washington C en tra l............. 109
Wash. & Col. River,............... 176
Spokane & Seattle...........
50

Total.................................. 500
Also has 9’47 miles of terminals and 164 miles o f water lines.
In July, 1898, had 111 miles under construction, of which about half
were reported to be nearly completed.
H is t o r y .—This Wisconsin company on Sept. 1,1896, succeeded to the
railroads, land grant and other property of the Northern Pacific RR
foreclosed in July, 1896, and reorganized per p la n in V. 62, p 550*
In the reorganization the $49,000,000 old common stock paying as­
sessment of 15 per cent received 100 per cent of new common The
$35,000,000 old preferred paying assessment of 10 per cent received
60 per cent in new common and the same of new preferred. The St
Paul & Northern Pacific is now owned in fee.
The original Northern Pacific Company was chartered by Congress
July 6,1864, and its road, opened 450 miles to Bismarck, was fore­
closed in 1875. An outlet to Chicago was acquired in 1890 through
1 ease of the Wisconsin Central and ownership of the Chicago & N*P
(now Chicago Terminal Transfer), but this was relinquished by the re­
ceivers Sept. 25,1893, and permanently abandoned in the reorganiza­
tion of 1896. V. 64, p. 1224. The Chicago lines are the only part of
the system not included in the reorganization. On Fep. 1 1898 the




P. Ry. assumed control o f the Seattle & International and in July,
1898, of the Washington Central under a 999 years’ lease, and in
February, 1898, purchased the entire capital stock and all of the
income bonds of the Washington & Columbia River Ry.
VoTiNd Trust .—Both classes of stock (except sufficient to qualify
directors) are vested until Nov. 1,1901 (unless surrendered earlier at
their discretion) in following voting trustees: J. Pierpont Morgan,
August Belmont. Johnston Livingston, Charles Lanier, all of New York,
and Georg Siemens of Berlin. Provisions of voting trust and o f pre­
ferred stock were in Supplement of April, 1897, page 4.
Stock .—The new preferred stock is subject to call in whole or in
part, at par, upon any first day of January prior to 1917.
Additional preferred stock and other mortgages can be issued only
with consent of a majority of the preferred and of the common stock
represented at a special meeting. Pref. stock is “ entitled to non-cum.
dividends to the extent of 4 per cent per annum, payable quarterly
ont of surplus net earnings in each fiscal year before any dividends for
such year shall be paid on the common stock.” In any fiscal
year in which 4 per cent dividends shall have been declared on
both preferred and oommon stock, all shares, whether preferred or
common, shall participate equally in any further dividends for such
year. In 1898 $3,000,000 was set aside as a reserve fund until the
end of 1901 to ensure the continuity of dividends on preferred. V.
67, p. 588—see also p. 579. Dividends upon stock registered in Berlin
may be collected there at the rate of 4-20 marks per dollar.—See also
V. 63, p. 1071.
D ividends .—O n P r e f e r r e d . — First dividend paid Jan. 15,18 9 8 ,1 p.c.;
Mar. 3 , 1 898,1 p. o.; June, 1 p. o.; Sept., 1 p. c .; Dec.. 1 p. c.
Bonds.—A bstracts of the new Prior Lien and General Lien m ort­
gages of 1896 (the General Lien mortgage being in all respeots subject
to the other) were in V.63, p. 1012-1019, and the statement to the New
York Stock Exchange, was in V. 63, p. 1072, showing:
P r i o r l i e n 100- y e a r g o l d 4 p e r c e n t s secured by mortgage
to the Mercantile Trust Co., mortgage trustee, upon the
mainline, branches, land grant, equipment, eto., of the
Railway Co., and on all property subsequently acquired
with the prooeeds of the bonds. The prior lien bonds
are purchasable with land sales at not exceeding 110
after retirement of general 1st mortgage bonds of 1881
(but are not subject to call), not over $500,000 cash
yearly to be so applied. Total issue.................................. $130,000,000
Issued
86, 131,400
Reserved to retire $9,189,000 general first 6s of 1881,,'” .'
11, 943,600
Do
St. Paul & N. P. and Western RR. bonds.......
8 , 423,000
For new construction, betterments, equipment, etc., under
carefully guarded provision«. but not exceeding $1,500,000 per annum, uriginally $25,000,000—still held.......
23,300,000
G e n e r a l l i e n g o l d 3 p e r c e n t s (Farmers’ Loan & Trust Co.,
mortgage trustee).................................................................. $190,000,000
Of which reserved for prior lien bonds.................................
130, 000,000
Issued to carry out reorganization........................................
36 , 000,000
4 , 000,000
For new construction, betterments, equipment, eto..........
Prior lien bonds are reserved to retire the present divisional bonds.
When these shall have been retired, the prior lien bonds, by direct
mortgage, or through ownership of securities, will be the first mort­
gage on 4,519 miles including “ lines owned but not operated” , 29
miles; spurs, 123 miles; trackage and road half owned, 41 miles.
Said bonds are now (through the ownership of substantially all the
securities) virtually a first lien on 2,077 miles. Furthermore, as the
prior bonds hold $30,762,000 out of $39,951,000 of the Northern Pacific
Railroad general first mortgage bonds, they now represent more than
30-40ths of the first lien on 2,442 miles additional, and on the mort­
gaged land grant. Sinking fund operations are retiring the out­
standing $9,189,000 general first mortgage bonds, of which $3,139,000 are coupon and $6,050,000 registered bonds. Coupon
bonds are exchangeable for registered bonds in $5,000 and multiples
thereof; registered bonds cannot be called until coupon bonds have all
been retired. See V. 64, p. 1225. No additional bonds can be issued
under the old mortgages assumed, nor can said bonds be extended.
An abstract of the g e n e r a l f i r s t m o r t g a g e of 1881 was in V.
58, p. 903. The sinking fund under this mortgage must receive yearly
an amount equal to at least one per cent of entire issue, but the pro­
ceeds of land sales to whatever amount received are applicable to the
redemption of the bonds at 110. See terms of exchange for prior lien
4s in Oct., 1898, in Y. 67, p. 690.
L and 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 lands on June 30, ’ 98, not yet sold w ere :
A cres.

A cres

North Dakota (west of
Oregon.
93, 703
Missouri River)........ .
6,046
Montana......................... 14,238,479
Total west of Mo. Riv.24,330 ,760
Idaho.............................. 1,806,905 Minnesota.....................
134,936
Washington................... 8,185,627
1 , „
._
, ■ ■
T otal unsold acreage. 24,465.696
As to land grant Dec. 1 , 1896, see also V. 63, p. 1070 ; V. 64, p. 83.

BONDS.
AN D
STOCKS
RAILRO AD
O ctober , 1898.]




106

INVESTORS’

SUPPLEMENT.

[ V o l . LXVIl.

Subscribers w i l l con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In these T a bles,
Bonds—
Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation o f column headings, &c., see notes of
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.

& W e s t B r a n c h B y . —Stock..............................
1st mortgage, $1,500,000......................................

N o rth

N o r t h w e s t e r n G o a l B y . —IstM ,, $2,000,000, g . . . c ’
N o r th e r n P a c . T er . G o. —IstM ., gold, red., at 1 1 0 ...c
N o r th e r n B a i l w a y ( G a l . ) — See Southern P acific
N o r w ic h (£ W o r c e s te r — T r e t , stock, 8 p. o. rental----

Bonds (not M.),int. gu. under lease, curr’cy...e&r
O c o n e e < W e s te r n —1st M., $9,000 p. m., gold..........
£
•
O g d e n M i n e B B . —Stock (5 p.c.rent.Cen. of N. J.)...
O g d e n s b . < L a k e O h a m p la in —Consol. M. (now 1st M.)
6
Income bonds, notcumulative................................
Guaranteed bonds.................................................... r
Ogdensb TransitCo.lst M.(Cent.Vt.& Ogdens.,gu.)
New Securities I ssuable U nder P lan .
Stock.............................................................. .........
1st mortgage, $4,400,000, goid.............. ...........

—
R R.
66
48
40
10
118
—

1881
1893
1883

$50
1,000
1,000
1,000

100
1,000
1,000
100
1880 500 &c.
1880 100 &o.
1,000
1888
........

1897
1893

$1,500,000 8 in ’98
1,500,000
6
5 g.
944,000
3,891,000
« g2,769,200
955,000
360,000
450,000
3,500,000
1,000,000
318,000
759,500

M.
M.
M.
J.

&
<s
&
A

N. Phila., Broad St. Stat’n
do
do
S.
N. N.Y., Farm’s L. & T. Co.
N.Y.Winsl’w.Lan’r&Co.
J.

Nov. 1, ’98,4%
Sept. 1. 1901
May 1, 1923
Jan. 1. 1933

Boston, Second Nat. Bk.
Boston, N. E. Trust Co.
Interest pd. as earned.
Phila., 608 Chestuut St.
Oct.,’96, pd. Dec.15,’97

O ct.l, ’98, 2%
Mch. 1, 1P27
Mch. 1, 1923
July, ’98,2^3%
Apr. 1, 1920
Apr. 1, 1920
Apr. 1, 1920
Feb. 1, 1909

8
Q —J.
M. & S.
4
5 g. M. & S.
J. & J.
5
A. & O.
6
A. & O.
6
J. & J.
4
F. & A.
6

¿ ,4 0 0 0 0 0

127

1897

4,400,000

5 g. A. & O.

Boston Security Co.

1927.

Bonds.—The first mortgage is for $5,000,000. The sinking fund is to
retire the bonds by maturity, bond«» being drawn at 110 and interest.
To Feb., 1898, $4,097,000 firsts had been issued, of which $206,000
had been retired by sinking fund.—(V. 66, p. 83; V. 67, p. 530.)
N o r t h e r n R a i l w a y C o . (C a l.).—See Southern P acific RR.
N o r w ic h & W o r c e s t e r R R . —Owns from Norwich, Conn., to
Worcester, Mass., 59 miles; branch, Norwich to Allyn’s Point, 7 miles;
total, 66 miles. Also owns entire capital stock ($500,000) of the Nor­
wich & New York Transp. Co., operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1,1869; rental is 8 per cent
on preferred stock; lease was modified from January 1, 1897. See V
64, p. 664; V. 65, p. 726. Extension from Allyn’ s Point to Groton, 6
miles, under construction in July, 1898.
B onds.—
Bonds of 1897 (not mortgage) for $675,000 were issued in
March to redeem the $400,000 6s due Mar. 1, 1897, and for floating
debt, and in July $280,000 to pay for N. & N. Y. Transp. Co.’ s floating
debt. (V. 65, p. 27,112, 363, 726.)
N y p a n o R R . —Road rom Salamanca, N. Y., to Dayton, O., 388
miles; branches—to Oil City, 34 miles; other branches, 9 miles; total
owned, 431 miles. Leased lines—Cleveland & Mahoning Valley R R .,
124 miles; Sharon Railway, 16 miles; New Castle & Shenango Valley,
17 miles; Youngstown & Austintown Ry., 10 miles; Westerman R R .;
2 miles; total leased, 169 m iles; total operated, 600 miles.
A reorganization of the New York Pennsylvania & Ohio, sold in fore­
closure Feb. 25,1896. Under the Erie reorganization plan the Erie
acquired title to the Nypano and assumed the prior lien indebtedness,
equipment trusts, etc. The new stock and bonds are owned by the
Erie RR. and Erie securities were given in exchange for the old
junior bonds and stock. A bondholders’ trust has been formed to re­
ceive interest and dividends accruing on |
the Erie securities, and dis­
tribute them ratably among the old first mortgage bondholders. (V.
61. p. 472; V. 62, p. 457, 549, 909; V. 63, p. sag: V. 67, p. 223.)
O c o n e e & W e s t e r n R R . —Hawkinsville to Dublin, Ga., 40 miles.
Gtoss earnings. .$23,679,718 $14,941,818 $19,863,160 $17,434,981
Net earnings........... $12,584,347 $5,785,946 $7,775,071 $6,115,299 Graded Hawkinsville to Grovania, 13 miles. In October, 1898, sale
of bonds deposited at prioe to yield $450 per bond was pending. See
Taxes.
..........
$682,800
$428,981
$509,708
$501,716
Rentals, etc........
............
............
163,160
257,328 Chronicle Oct 29. Stock authorized, $477,000; outstanding, $360,Ad '’ns and imp’ts..
811,709
-----... ^ ............ 000; par $100. Mortgage is for $477,000. Interest is paid as
earned. New York office, 45 Exchange Place. Trustee, Mercantile
Netoperat’gincom e.$l1,089,838 $5,356,965 $7,102,203 $5,356,254 Trust Company. Year ending Dec 31, 1897, gross, $37,746; net,
$4,453.
Miscellaneo’ s income
U--------255,341
425,710
301,229
O g d e n M in e R R . —Owns Nolan’s Point (Lake Hopatoong) to
not incl.land sales.
887,190
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Bal. for interest.......$11,977,034 $5,612,306 $7,527,913 $5,657,483 Jan. 1,1882, to Central RR. of N. J. for 5 p. c. per annum on capital
5,110,248
............
............ stock and $500 yearly for organization expenses.
Interest.................... 6,079,160
Div. on pref stock(4%)3,000,000
Ogdens burg dc L a k e C h am p lain R R . —Owns from Rouse’ s
12,229
Old accounts...........
............
Point, N. Y., to Ogdensburg, N. Y., 118 miles. The Saratoga & St. Law­
rence 8 ^ miles, formerly leased, was sold in foreclosure in D ecem ber,
Bal., sur.foryear $2,897,874
$489,828
............
...........
Officers (Sept. 1, 1897).—President, Charles S. Mellon, St. Paul, 1897.—V. 65, p. 1072.
O r g an ization .—Was leased in perpetuity to Central Vermont RR. Co.
Minn.; Vice-president, Dan. S. Lamont, New York; Comptroller, Henry
A. Gray, St. Paul; Secretary and Assistant Treasurer, George H. Earl, for interest on bonds, but the lessee having defaulted Charles Parsons,
New York; Treasurer, O. A. Clark, St. Paul; Chief Engineer, E. H. on March 22,1897, took charge as separate receiver. V. 64, p. 567.
McHenry; General Manager, J. W. Kendrick, St. Paul; General Counsel, Sold to reorganization committee under foreclosure on May 2,1898,
Francis L. Stetson, Hew York, and Charles W. Bunn, St. Paul. The and transferred June 1 to the purchasing committee, Charles R. Batt
main offices are located at St. Paul. New York office, 35 Wall St.—(V. and William Lummis. V. 66, p. 904,1141.
Coupon Payments.—October, 1896, interest on consol. 1st mortgage
67, p. 4 77} 483, 5*7, 576, 579, 588, 634, 690.
N orth & W e s t B ranch R y .—Catawissa to Wilkesbarre, Pa., 43 6s was paid Deo. 15, 1897, at Central Trust Co., New York, or Old
miles; branch, 5 miles. Chartered in 1881 and operated by the Penn­ Colony Trust Co., Boston.—V. 65, p. 1174.
sylvania RR. under agreement of 1881, to expire Sept. 1,1901, net
Oonsol. Mortgage Oommittee.—Charles Parsons, Chairman; William
earnings to be paid this company. Pennsylvania RR. Dee. 31, 1897, Lummis, Thomas Denny, Jr., Chas. R. Batt, Philip V. R. Ely. Over 97
owned $925,000 of the stock and $1,400.000 of the bonds. D i v i d e n d s per cent of the consols have been deposited with this committee,
since Deo., 1885, 6 p. c. per annum. Extra dividends: I n ’ 93, 2 p. e.; and suit has been brouaht to foreclose the mortgage. Depositaries,
in ’94, 2 p. c.; in ’95, 3 p. c.; in ’ 96, 2 p. o.; in ’97, 2 p. o.; in ’98, 2 p. o. Central Trust, N. Y. or Old Colony Trust, Boston.—V. 63, p. 358, 402.
N orth w estern Coal R y .—Allouez Bay, Wis., to St. Louis River
R eo rg an ization P lan.—P la n , V. 63, p. 358, authorizes the issu­
at Minnesota State line, 13 miles. Chartered in 1892. Capital stock, ance of the new securities shown in table above. Old 1st consols to
$1,000,000. Mortgage trustee is Farmers’ Loan & Trust Co., New York. receive 110 per cent in new bonds and 80 per cent in stock. New bonds
For year ending June 30, 1898, gross, $38,110; net, $9,818; miscel. reserved for improvements, etc., $550,000.
receipts (rents and dock earnings), $33,321; int. and taxes, $47,243;
Or as an alternative, the plan provides for an amended lease to the
balance, deficit for year, $4,103. In 1896-97, gross, $35,590.
Central Vermont, guaranteeing full payment of back interest, future
N orthern Pacific T e rm in a l C om p an y, o f O regon.—Owns interest and maintenance of the property, or sale of old consols to a
terminals on the Willamette River, Ore., at Portland, East Portland and syndicate or railroad company at 105 and back interest.
Albina, comprising lands 270 acres, trackage 32 miles, dock frontage
Stock common, $3,077,000 (par, $100),of which $1,591,000 is owned
7,904 feet. Grand Central Station at Portland, Ore., opened Feb., 1896. bv Central Vt.; preferred, $500. Of the guaranteed bonds of 1888 (on
L ease .—Leased for fifty years from Jan. 1,1883, jointly and severally La Moille Valley Extension RR., 12 miles, now abandoned), $8,000 are
to Northern Pacific, Oregon Ry. & Navigation and Oregon & California, pavable yearly (since 1893.) Loans and bills payable Deo. 31,1896,
$35,000; interest on funded debt due and accrued, $280,782.
with guaranteed rental to pay interest, sinking fund and taxes.
The foreclosure sales in bankruptcy of the Northern Pacific and
E arnings.—9 months, ) 1897-8........ Gross, $523,074; net, $119,931
Oregon Navigation companies terminated their joint and several
July 1 to March 31. 51896-7........ Gross, 565,946; net, 141,788
obligations, which their successor companies did not assume until
Report
.—Expert Little’s report on Central Vermont (V. 64, p. 606)
about June, 1898—V. 66, p. 1141. Great Northern Ry. Co. in August, save statement of earnings for O. & L. C., showing loss t*o lessee in
1894, arranged with Oregon Ry. & Navigation Co. to run joint trains 1895-96 of $112,598 and in 1894-95 of $108,546. Company’s figures:
into Portland.
Year
Gross.
Net.
Other ine. Int.,taxes,etc. Balance
STOCK.—Stock ($3,000,000) owned by said three companies (40 p.o.) 1806-7' $773,902
$216,888
$1,122
$33,172 sur.$184,838
bv Oregon Ry. & Nav. Co., 40 per cent by No. Pacific and 20 per cent by 1895-6! 11! 754^420
202,420
3,800
260,622
def.54,402
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, which is to cancel the bonds. —(V. 66, p. 427, 472, 574, 901,1046,1141; V. 67, p. 530.)

G e n eral F inances .—The fixed annual charges of the new company
are $6 048,672 (as on July 1,1898), a reduction of $4,857,018, as com
pared with the old company. The company owned $2,391,050 (par
value) of Oregon RR. & Navigation preferred stock June 30,1898.
The $1,755,000 Missouri Div. 6s (due May 1,1919) were paid off at
par Nov. 1,1897, prior lien 4s being issued to provide for them. Tlj.e
exchange of old general first mortgage 6s into new prior lien 4s has
made rapid progress, three-fourths of the old loan having been retired
prior to April 1,1898. (V. 66, p. 337.) Prior lien bonds for $1,500,000 were issued for improvements in February, 1893. (V. 66, p. 338.)
In February, 1898, the N. P. Ry. assumed control of the Seattle &
International and also purchased control o f the Wash. & Col. R. Ry..
including its $2,245,000 of income bonds. The outstanding $2,500,000
of the W. & C. R. Ry. 4s are not to be guaranteed.
.
In 1898 the entire capital stock of the Washington Central (which
see), was acquired, and the property leased to the N. P. at a rental
sufficient to meet the interest charge on $1,538,000 gold 4s, $286,000
of which are owned by the N. P .- V . 66, p. 856.
A fund of $3,000,000 to assure dividends on preferred stock till 1902
was set aside in 1898. See V. 67, p. 579. 583.
E arnings—2 mos. > 1898........ ..Gross, $4,097,294; net, $2,134,610
July 1 to Aug. 31. S 1897............... Gross, 3,668,921; net, 1.700,582
Total net income for the two months, after deducting operating
charges, taxes, rentals and improvements andadding other income (ex­
clusive of land sales), $1,746,621, against $1,450,042 in 1896-97.
A n n ual R e p o r t .—Report for 1397-93 In full in V. 67, p. 538, See
also editorial, p. 556 First report of reorganized company, for ten
months ending June 30,1897, in full in V. 65, p. 680. See also p. 650.
12 months, 10 months, 12 months, 12 months,
1894-5
1895-6.
1896-7.
Trs. ending June30. 1897-8.
Passenger earnings. $4,853,799 $2,850,399 $4,658,642 $3,350,492
13,210,699
Freight earnings---- 17,432,75 J 11,085,883 15,119,312
873,790
85,205
1,005,536
Mail, express, & c.... 1,393,164




O ctober , 1898. J

ßA ILR O A D

STOCKS

AK D

BONDS,

107

Subscribers w i ll con fer a great fa v or by g iv in g im m e d ia te n otice o f any error discovered in these Tables«
Borní*—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due
Date Size, or
Amount
of
Par Outstanding Rate per When Where Payable, and by S to c k s — h a s t
For explanation of column headings, «fco., see notes of
Dividend.
Whom.
Road. Bonds Value.
Cent. Payable
on first page of tables.

O h io < M i s s i s s i p p i —See B alt. < Ohio Southwest .
&
fe
O h io R iv e r — 1st m. [$2,000,000], $12,000 p. m., g.c*

Gen. M. (for $3,000,000), gold,1st on 3 9 miles, .c*
Ravensw. Sp. & Glen.lstM.,gold,gu.,p.<fci.(end.)c*
Huntington & Big S. 1st M. ($400,000), gold, gu e*
Ripley & Mill Creek 1st M. g., guar. p. &i., end. o*&r

169
208
33
12
13

1st mort., $4,000,000 ($15,000p. m.) gold.. Ce.c*
General (2d) mortgage, (for $2,800,000), g.-C e-c”
Consol. (3d) mortgage, $8,000,000, gold...............
O ld O o lo n y —Stock,

7 p. c., guaranteed by rental.o*
Bonds for Framingham & Lowell bonds.............. c
Bonds not mortgage.................................................r
Bonds, not mortgage................................................
Bonds (authorized $3,000,000), gold................ c*r
Bonds.................................................................... o&r
Boston Clin. F. <eN. B. mort., int. guar, by rental.c
f
Old Colony Steamboat bonds, gold (not mort.).c*
Plymouth & Middleboro 1st M., int. guar.(end.).o*
O m a h a B r i d g e <£ T e r m i n a l R y . —1st M.($5,000,000)
O m a h a K . 0 . < E a s t e r n — Stock ($1,500,000 auth.).
&
1st mortgage (see text), g o l d ............................. c*
Second (income) mort., $15,000 per mile. gold ..r
O m a h a < at. L . k R . —1st M., g., subj. to call at par.
&
O r e g o n dk C a l. —lstM.,g.dr’natlOO gu.p.«fei.(end).c*

—
..

....

_.
125
15
” 35

Ì45
596

$2,000,000
2,874,000
341,000
291,000
50.000
471,000
i ’ òoo
1,000
3.924.000
67.000
1889
2.798.000
1,000
1894
See text.
757,607
1895
100 16,608,900
1884
498,000
1,000
1884
750,000
1,000
1888
4,000,000
1,000
1894 l,0Ò0&c
3,000,000
1895 l.OOO&o 5,100,000
1880
1,912,000
1,000
1893
600,000
1892
225.000
1893
(!)
100
1,428 000
1896
1,000
700.000
1897 100 &o.
(!)
1896
2,376,000
1887
1,000 19,625,000
1886
1887
1890
1892
1888
1897
1881

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

5
5
6
6
6
6
6

g.
gg.
g.
g.
g.
g.

4 g5 £•
5 &6
7
41g
4
4
4 g.
4
5
5 g5

J. < D. N.Y., Central Tr. Co.
fe
do
do
A. < 0.
fe
do
do
F. & A.
J. < J. New York or Phila.
fe
f
F. & A. Phila., E. W. Clark <eCo.
F.&A.15
J. <e D. June, ’96, pd. Sept., ’96
f

June
Apr.
Aug.
July
Aug.

1,
1,
1,
1,
1,

1936
1937
1920
1922
1908

June 1, 1921

M. & N. May,’95,coup, last paid. May 1, 1921
1944
1898-1905
Boston, Office.
Oot.1,’98,1%%
Q .-J .
Apr. 1, 1904
do
A. * O.
fe
July 1, 1904
do
J. <e J.
f
Jan. 1, 1938
do
J. « J.
fe
Feb. 1, 1924
do
F. « A.
&
do
Dec. 1, 1925
J. « D.
fe
J. « J. Boston, N. E. Trust Co. Jan. 1, 1910
fe
Deo. 1, 1903
Boston, Office.
J. « D.
fe
Jan. 1, 1912
Boston.
J. « J.
fe

f
fe
5 g. M. « S. N.Y.. Gilman, Son <eCo.
5
Oct. 1 Int. payb. only if earn’d
New York.
J. « J.
fe
4 g.
fe
5 g- J. « J. N. Y., South Pacific Co.

Sept.
Oct.
July
July

1,
1,
1,
1,

1926
1926
1901
1927

O blò R i v e r R R .—R oad .—Owns from Benwood, vVest Va., to Hunt­
F loating D ebt.—Loans and bills payable June 30, 1898, were
ington, West Va., 209 miles; trackage into Wheeling, 4 miles; leases j $737,000, against $1,019,000 in 1897.
Huntington < Big Sandy Railroad (opened early in 1893), Huntington
&
D ividends since 1881—In 1882, 6 ^ ; 1883 to July, 1891, both in
to Kenova, West Va., on the Norfolk < Western’ s new line, 11 miles ; olusive, at the rate of 7 per cent yearly; in December, 1891 (dividends
fe
total included in earnings, 224 miles; operates Ravenswood Spencer changed to quarterly), 2»io per cent; in 1892,7; in 1893, Maroh, 1%
& Glen ville Ry., Ravenswood to Spencer, 33 m.; Ripley & Mill Creek per cent; June, 2*q; thereafter 13t per oent quarterly under the lease.
Valley, 13 m.; total, 270 miles.
R eport —Operations since July 1, 1893, are inoluded in N. Y. N. H. &
Stock .—Authorized, $6,000,000; outstanding, $5,915,430; par, $100. H. report, but the company’s statement of improvements for the year
B onds.—Trustee of the first and the general mortgage is the Fidelity ending June 30,1897, with general balance sheet, was given in V.
Ins. Tr. & Safe Dep. Co. of Phila. The R. S. < G. mortgage is for $400,- 65, p. 565.—(V. 64, p. 42, 234, 664; V. 65, p. 463, 5 6 5 .)
&
000. December 31,1897, there were bills payable, $172,000, and in
O m aha B ridge Sc T e r m in a l R y .—This company owns andopertreasury were $234,550 of bonds issued.
ates a double track steel railway bridge across the Missouri River be
Earnings.—On 224 miles, >1898
Gross, $601,045; net, $184,981 tween the the cities of Omaha, Neb., and Council Bluffs, la. Also a
Jan. 1 to Aug. 31 (8 months.) 5 1897
Gross, 593,564; net, 202,453 line of railway between Omaha, South Omaha and East Omaha, Neb.,
A nnual R eport .—Fiscal year ends Dec. 31. Report for 1897, with and Council Bluffs, la., and provides extensive terminal facilities fo r
balance sheet, was in V. 66, p. 1041 showing on 224 miles:
freight and passenger traffic in each of the above-mentioned cities. In
Nov., 1897, had in operation 39 miles of track and large extensions pro­
T ear—
G r o ss. O p . e x . < ta x e s .
&
N e t.
I n t .,e t e .
B a la n ce.
jected. Jit has connections with all the leading railroads reaching
1897................$965,197 $650,142 $315,055
$288,558 sur.$26,497
300,093
278,380 sur. 21,713 Omaha. Mortgage of 1893 covers the bridge at Omaha and the lands
1896............... 970,023 669,930
1895............... 887,271 597,110
290,161
270.628 sur. 19,533 and other property. A union station is projected at Omaha. In year
ending June 30, 1897, gross, $23,270; deficit under operating, $88;
Ravenswood Spencer < Glenville gross for 1897, $42,049; deficit total deductions, $569; total dettoit, $647. In 1895-96, defloit under
fc
under oper. charges, $9,508. Ripley < Mill Creek Valley gross, 1897, operating, $551. President, John Lowber Welsh, Philadelphia. (V.
fe
$16,173; deficit undercharges, $3,819—(V. 66, p. 1 0 4 1 .)
63, p 969.)
O blo R iv e r 4c C h a r le s t o n R y .—See South Carolina & Georgia
O m a h a K a n sas C ity Sc E astern R R . —{S e e M a p K a n s a s
Extension RR.
O ity <6 N o r t h e r n O o n n e e t in g .) —
Owns road completed in June,
O blo S o u t h e r n R R .—Owns Springfield, O., to Wellston, 118 miles 1897, from Pattonsburg, Mo., to Trenton, Mo., 35 miles, connect­
and branches, 80 m iles; extension from Springfield to Lima, 68 miles ing the Quincy Omaha & K. C. (135 mdes) and the Omaha < St.
fe
(completed in Dec., 1893); total, 266 miles. See V. 61, p. 925. Traffic Louis (145 miles), which roads will ultimately be consolidated with the
principally bituminous coal.
O. K. O. <&E., as will also the K. C. & Northern Connecting Ry., 72
miles—see V. 63, p. 190. The Q. O. & K. 0. is leased and has been
Stock , E tc.—Stook outstanding, $3,840,000; par $100.
operated since early in July, 1897. Omaha & Bt. Louis is also operated
R eceivership —Default —Sale .—Receivers appointed May 9,1895. (since July 29,1897). These roads form in connection with the K. C.
Receivers are now N. E. Matthews and F. P. Graf (latter appointed Sept. Pittsburg & Gulf a new through line to the Gulf of Mexico.
18,1896, in place of J. R. Megrue. V. 61, p. 325. First mortgage
B onds.—The O. K. O. & E. first mortgage is for $14,000,000; bonds
coupons due June 1, 1896, were paid in Sept., ’96. December, ’96,
interest on firsts was not paid. Sold on Oct. 15,1898, to the first are to be issued at $20,000 per mile on road built with additional
amounts for terminals, equipment and bridge over Mississippi River,
mortgage committee for $2,000,000, and it was announced no plan
if built. Second mortgage of 1897 is limited to $11,000,000, interest
would be issued at present. (V. 67, p. 74, 372, 843.)
up to 5 p. c., payable only if earned and non cumulative; A tlantic
Committees.—F i r s t M o r t g a g e : Chairman, W. A. Read of Vermilye < Trust Co., N. Y., and William A. Rule, trustees. In 1893, Jan. 1 to
&
Co., Simon Borg. Henry Sanford, Edwin S. Hooley and Thomas Denny. Mar. 14 (2^ months), gross earnings were $158,552, against $ 114,754
G e n e r a l M o r t g a g e : John I. Water bury, President Manhattan Trust iu 1897. President, A. E. Stilwell, Kansas City; Gen. Man., John M .
Company, No. 1 Nassau Street, New York, James D. Smith, Chair­ Savin.—V. 64, p. 84, 954,1225; V. 65, p. 195,1024.
man, No. 42 Broad Street, N. Y., Jules S. Baohe, Rush C. Hawkins, W.
O m ah a Sc St. Louts R R .—Owns Council Bluffs, la to Pattons­
G. Wiley and E. L. Oppenheim; depositary, Manhattan Trust Co., N.
Y —V. 61, p. 27,1065; V. 62, p. 139, 320. To Oct. 20,1898, trust re­ burg, Mo.. 145 m. Operated since July 29,1897, by Omaha, K. C.<& East.
ceipts for $1,417,000 deposited general mortgage» bonds had been
H istory , E tc.—Successor in June, 1896 (per plan V. 62, p. 41,1177)
listed on the New York Stock Exchange.
of the Omaha < St. Louis R a i l w a y , sold in foreclosure Jan. 27. The
&
&
B onds.—Of the consols only $300,000 have been executed; they are new company is to exist until consolidation with Quinoy Omaha < K.
held as collateral for oar trusts. Car trusts mature about $150,000 O. is effected. The consolidated company will be operated in d o s e
yearly in monthly instalments. In December, 1895, floating debt was connection with the K. C. Pitts. & Gulf and necessary extensions and
$326,000; in April, 1896, generals for $287.000 were issued. In connections built.—See K. C. & Northern Connecting Ry.; V. 64, p. 84.
April, 1898, both the 1st and 2d mortgages were held to be a lien on
New Securities .—Capital stook, $2,592,000, represented by Guar­
the entire road, including the extensions. (V. 66, p. 901.)
anty Trust Co. certificates (for stook in trust); the $692,000 stock is ­
E arnings.—Jan. 1 to Sept. 30, 9 months, gross, $484,290 in 1898; sued to old bondholders is exchangeable into 2d mortgage incomes if
the first 4s o f 1896 are paid off before maturity see V. 65, p. 1024;
$482,705 in 1897.
A nnual R eport .—Fiscal year ends June 30. Statement for 1896-7 for bonds see table above. Under the reorganization plan of Deo. 18,
1895 (V.62, p. 41), the old f i r s t s and s e c o n d s received 75 p. o. in the
was in V. 65, p. 727. Charges in 1895-6 are approximate.
G ross.
N e t.
I n t . <t ta x e s . R e n t a l s ,e t c . B a l a n c e . new 4s and 25 p. o. in new stook and $12*50 (per $1,000 bond) as
distributive share of net earnings to July 1,1896. The new bonds are
1896-7................ $636,523 $164,272 $350,903 $115,996 def.$302,627
subiect to
1895-6................ 813,780 295,361
368,120
(?)def.72,759 redemption at par. (V. 64, p. 42; Y 65, p. 27, 195.)
E arnings.—Year ending June 30, 1897: total receipts, $326,566
1894-5................ 784,730 358,601
354,095
16,133 def. 11,627
R eceivers ’ Certificates .—Certificates o f July, 1895, were issued against $317,384 in 1895-96, and $290,931 in 1894-95. ( V. 65. n.
to pay first mortgage coupons due June 1, 1895, their lien is 1024.)
Oregon Sc C aliforn ia R R .—From Portland, Ore., to California
subsequent to the firsts. V. 61, p. 152, 367. Additional certificates
for $365.000, having a lien n r i o r to the first mortgage, were sold in State line, 367 miles; Albany Juno, to Lebanon, 12 miles; Portland to
February, 1897, to provide for overdue car trusts, labor claims, etc. Corvallis, 97 miles; Woodburn to Natron, 93 miles; purchased in 1893
and in Oct., ’97, $106,000 more were issued. V. 64, p. 374, 424.
Oregonian RR. and Portland < Yamhill RR.; Portland, Ore., to Airia«.
fe
Ore., and branoh, 85 miles. Total, 654 miles.
—(V. 65, p. 152, 72 7; V. 66, p. 901,1002; V. 67, p. 74, 223,372.)
O hio v a lley .—Sold July 13, 1897, to Illinois Central.—(V. 65, p.
L ease , Etc.—Leased to Southern Pacific Co. for 40 years from Janu­
2 7, 69, 111.)
ary 1,1887, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after pay­
Old C olony R R . (M a ss.)—Owns road from Boston to Provincetown, Mass., Newport, R. I., etc., 508 miles; leases, 108 miles; total ment of charges. Betterments are payable by lessor. Pacific Improve­
operated. 616 miles. Bee Supplement of September, 1894. Will use ment Co. owns the bulk of its $19,000,000 stock, $12,000,000 of which
is 7 p. o. pref.; par is $100. Due So. Pac. Co. Jan 1,1896, $1,687,394,
the new Union Station in Boston when completed.—(V. 62, p. 547.)
against $655.580 in 1895. So. Pac. guarantees the bonds p. & i. by en­
L ease .—In 1893 leased to the New York New Haven & Hartford dorsement on each.
for 99 years. About $5,000,000 of the stock, included in table above,
B onds.—Land grant was about 4,000,000 acres, part o f whioh is
was exchanged for New Haven stock, and is held by that company
The lease provides for dividends of 7 p. c. per annum on stook not covered by the mortgage, proceeds of land sales going to redeem bonds
drawn at par, unless purchasable lower. Trustee of mortgage, Union
exchanged. See V. 56, p. 247, 374.
Trust Company, New York.
Pacific guaranty of princi­
Stock, E tc.—Stock outstanding June 30,1898, was $16,608,900. An pal and interest is printed The Southern per cents. In 1895 net land
increase of stook from $12,000,000 to $15,000,000 was authorized in sales subject to mort. were on eaoh of the 5$23,878—See Y. 63, p. 754.
6,608 acres for
Nov., 1889, and a further issue of $2,000,000 to raise the grade of
Earnings.—Year ending Deo. 31, 1896, gross, $1,441,127; net, $168,Boston < Providence track for four miles, and $3,000,000 for ter­
fc
minal improvements in Boston have been authorized, making total 731; interest charges, $955,028; balance, deficit for year, $786,297.
authorized $20,000,000. None of the Old Colony bonds are secured by In 1895 gross, $1,603,438, In 1894 gross, $1,707,175.—(V. 63, p. 7 54.)
mortgage.
.....
....j
. • H. .Jntf¿ji£
-0 a
m
.•
Oregon Central Sc E a stern R R . —See Corvallis & E astern .




108

INTESTOKS’ SUPPLEMENT.

IVOL. LXYII,

Subscribers w i ll con fer a great favor by g iv in g im m ed ia te notice o f any error discovered in these T a b les.
Bonds—Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, <fec., see notes of
Par
of
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
on first page of tables.
Road Bonds Value.
Cent.
Whom.
Dividend.

O r e g o n I m p r o v e m e n t — B e e Miscellaneous
O r eg o n l i l t . & N a v ig a tio n —

Compan

Common stock voting trust certificates................
Pref. stock, 4 per cent, non-cum., vot. tr. ce rt...
Or. Ry. & Nav., 1st M. bonds, g.,s. f., dr’n at 100.c 643
Consol, mortgage, $24,500,000, gold.................c* 1,063
O r e g o n S h o r t I A n e B i t .—
/
Common stock, $27,460,100...................................
Or. Sh.L. 1 stM.,p. & 1., gold—see Y.63,p.602,..c* 600
Utah & North’n 1st mort., $12,000 per mile___c* 477
Consol. M.. gu., $15,000 p. m., s. f. not dr’n.g.o* 477
Consol. 1st mortgage, $36,500,000, g o ld ......... c* 1,479
Non-cumulative I n c o m e bonds—
Series A, 5 per cents, $7,185,000........ ................
Series B, 3 per cent for 3 years, $15,000,000. .
O s w eg o < S y r a c u s e - Stock, 9 p. o. guar., D. L.'& W.
&
35
Consolidated mortgage (guar. D. L. & W.)............
35
Construction M., guar.pnn. &int.(for $1,000,000)
35
O w e n s b o r o <6 N a s h v ille — 1st mortgage, gold......... c*
88

1879
1896
1882
1878
1886
1897

$100 $24,000,000 1 ........
100 11,000,000 4% in ’98 J.
1,000
1,202,000
6 g. J.
1,000 19,034,000
4 g. J.
100 27,435,700
1,000 14.931.000
P.
1,000
4.993.000
I f - J.
1,000
1.802.000
J.
500 &c. 10.337.000
I f : J.

1897 500 &c.
7,185,000 5 p. c. in
1897 500 &c. 14,841,000
3-4
50
1,320,400
9
1876
1,000
438.000
7
1883
1,000
668.000
5
1881
1,000
2,000,000
6 g.

O regon Im p ro v em e n t C o.—See P acific Coast Co. (Miscella­
neous Companies.)
Oregon R a ilro a d Sc N av igation Co.—Road East Portland,
Ore., to Huntington, O re.,403 miles; branches 660; leases 2 miles;
total, 1,065 miles; river division water lines. 353 miles, of which 19
narrow gauge. Ocean line to San Francisco, 660 miles. V. 63, p. 969
Organization .—Organized in July, 1896, per p la n in V. 61, p. 325
and V. 62, p. 41, and Aug. 17 succeeded to the property and franchises of
the old Oregon Ry. & Navigation Co. sold in foreclosure under the
consolidated mortgage July 9 and of the branch lines sold J uly 10 and
July 13. V. 63, p. 76.116. Old stock paid assessment o f 6 p. c. See
also V. 63, p. 311. The Oregon Short Line owns $16,281,400 (a major­
ity) o f the common stock of the Oregon RR. & Navigation Co. The
Northern Pacific owns $2,391,050 preferred stock; the Northern
Pacific, Great Northern and Union Pacific having acquired a controlling
interest in the preferred. See V. 64, p. 288; V. 65, p. 572.
V oting T rust.—The Central Trust Co., as trustee, is to hold the
voting power on all stock till Aug. 17,1906, unless the tru stee sooner
terminated by the consent of holders of two-thirds of each class of
certificates, or until dividends aggregating 20 per cent of the par
value of the preferred stock shall have been paid or shall have been
fully guaranteed at rate equal to not less than 4 per ot. per annum.
The trust insures to the preferred, stock certificates (of which $9,289,750 went to holders of old consols and collateral trust bonds) the
right to nominate ten directors and to the common stock certificates
the right to nominate five directors. Provisions of voting trust and
preferred certificates were in Supplement April, 1897, page 5.
D ividends .—On preferred first dividend was paid July 1 ,1 89 7 ,1
p. c.; Oct., 1 p. c.; in 1898, Jan., 1 p. o ; Apr., 1 p. c.; July, 2 p. c. Div­
idend period changed to semi-annual, J&J, in July, 1898. First divi­
dend, 1 p. c.; on common was paid July 2, 1898. (V. 66, p. 1111.)
B onds.—The consolidated mortgage of 1896 (abstract V. 63, p.
928; trustee, New York Seourity & Trust Co.) covers all the company’s
property, present and future, embracing 1,063 miles of road.
Of the $24,500,000 new consols authorized, $15,174,000 were issued
or reserved to be issued in exchange for old consols and collateral
trust bonds ; $5,390,000 were reserved for retirement through sink­
ing fund or otherwise of $4,900,000 firsts of 1879, [since re­
duced to present figures] $1,106,000 will be used for betterments, etc.,
and $2,830,000 for the construction, if deemed advisable, of addi­
tional road to the mouth of the Columbia River or elsewhere at the
rate o f not more than $20,000 per mile of constructed road. See fur­
ther particulars In V. 63, p. 969. First mortgage has a sinking fund to
buy bonds at or below 110, or else draw them at par on January 1.
R efunding—In December, 1897, the old first 6s were offered the
privilege o f conversion into new 4s (V. 65, p. 1116, and V. 67, p.
372), and to Oot., 1898, $3,112,000 had accepted, reducing the amount
of 1st 6s to $1,202,000. The fixed charges of $930,480 (Dec.. 1897,)
annually will be reduced on completion of the exchange to $822,850.
V. 66, p. 135.
L atest Earnings.—2 mos. $ 1898...Gross, $1,109,839; net, $446,450
July 1 to Aug 31.
\ 1897...Gross,
999,206; net,
458,010
R eport .—Report for 1897-8 at length in V. 67, p 685, 692.
Year end. June 30—
1896.
1897.
1898.
$4,130,381
$5,992,471
Rail lines.................................... $3,752,944
Water lines................................
576,164
547,543
---------902,922
Gross e a rn in g s ............... $4,9‘29,103
$4,677,924
Net earn’gs over exp. & taxes. t$712,622
$1,735,179
Paym ents-Interest on bonds............... ..............................
First mortgage sinking funds .................................... ].""
Depreciation water line equipment.......... ......................
Discount and interest p a i d ..............................................
Dividends (5%) on 4% pref. stock (see V. 66, p. 1 1 4 i)"
Dividends (1%) on common stock....................................
Balance, surplus for year (incl. $77,866 miso. ino.)..

$6,895,393
$2,785,677
$865,491
154,230
89,350
616
550.000
240.000
$963,856

t Extraor d i -ary expenditures included in operating expenses re­
duced net earnings by *-334,621.
O fficers .—President Sept., 1897, A. L. Mohler; Secretary and Gen­
eral Attorney, W. W. Cotton; Assist. Sec.; H. C. Tracy, 15 Wall St.,N.Y.;
Treas., A. Marcus, 27 William St., N. Y.; As. Treas., G. E. Withington.
Gen. offices, Portland, Ore.—(7. 67, p. 316, 372, 6 8 5 , 690, 6 9 2 , 789.)
Oregon Short L in e R R , - (See Map)—Owns Granger, Wyo., to
Huntington Ore., 542 miles; branch to Ketchum, Idaho, 70 m.; Ogden to
MoCammon, Idaho, 111 miles ; Pocatello to Silver Bow, Montana, 256
miles ; Lehi Junction to Tintio, Utah, 54 miles ; Ogden, Utah, to Frisoo,
275 miles; sundry branches, 122 miles (of which 40 miles narrow gauge);
total, 1,430 miles. Also owns but leases to the Montana Union Ry.,
Silver Bow, Idaho, to Butte, Garrison, Mont., etc., 57 miles. Purchase
o f the Utah & Nevada branch, 37 miles, by the Salt Lake & Los An­
geles RR. was pend ingin 1897.
In Sept., 1896, the Utah & Pacific was building, as an eighty-mile
extension, from Milford southwest to the boundary line of Utah in
Iron Co., o f which 40 miles to Sulphur Springs was expected to be




N.Y. Cent.Tr. & Boston,
& J,
do
do
& J N. Y., Sec. & Trust Co.
& D, New York & Germany.
&
&
&
&

A. N.Y., Guar.Tr.&Boston.
J.
do
do
J.
do
do
J.
do
do

Sept.’98
Oct.
F.-A..20
M. & 8,
M. & N,
M. & N,

N.Y.& Bost.,when earn.
3 p. c. paid Oct. 1, ’98.
N. Y., Del. L. & W. RR,
do
do
N. Y., Farm. L. & Tr. Co.
N Y., 120 Broadway.

July 2, ’ 98,1%
July 1, ’9 8 ,2 %
July 1, 1909
June 1, 1946
Feb.
July
July
July

1,
1,
1,
1,

1922
1908
1926
1946

July 1, 1946
July 1, 1946
Aug. 20, 1898
Men. 1, 1907
May, 1923
Nov. 1, 1931

|completed about January and balance in August, 1899.—V. 67, p 484
HI3TORT.—Successor March 16, 1897, of the Oregon Short Line 4
Utah Northern Ry., sold under foreclosure subject to the Oregon Short
Line mortgage of 1892 and the Utah Northern mortgages, and reorgan­
ized per p la n of Feb. 20, 1896, in V. 62, p. 504, 505.
In Oct., 1897, the Union Pacific Reorg. Com purchased from the
Morgan trust $8,460,000 of the stock, and later increased the amount
to a practically “ controlling ” interest. V. 66, p. 1002.
Capital Stock.—Stock authorized $27,460,100, of which new Union
PaofloRy. Co. will own a large block—see above. A majority o f th e
new stock (or $14,370,000) under the plan went to the old bondhold­
ers. The old stock paid an assessment of 12 per oent and received 50
per cent in new common and 12 p. c. in bonds.
G eneral F inances.—By the reorganization the annual fixed charges
were reduced from $2,788,575 to $1,853,770 and the mortgage in ­
debtedness, new and assumed, to about $25,000 p. m. The new com­
pany owns a majority ($16,281,400) of the c o m m o n and $976,900 of the
p r e f e r r e d stock of the Oregon Railroad & Navigation Co. The new
securities were listed on the N. Y. Stook Exchange in July, 1897—see
V. 65, p. 69. On list Oot. 21, 1898, w ere: Consol. 5s, $10,337,000;
income As, $7,165,000; Bs, $L4,341,000.
The Utah & Paoiflc is being constructed with the co-operation of this
company, which will supply rails and equipment. The line is to be 80
miles in length, extending towards Pioche. and may become part o f a
through line to Southern California.—V. 67, p. 484, 733.
B onds.—Of the $36,500,000 new f i r s t c o n s o l s , $24,162,000 are r e ­
served to retire at maturity the loans not disturbed and $2,001,000 are
reserved for future use, the balance being issued at once. These bonds
are a first lien on about 400 miles.
Series A incomes are non-oumulative and entitled to dividends o f 5
per cent per annum; in September, 1897, 4 p. c. was paid on account
of coupon No. 1, and in Sept., 1898, the full 5 ,per cent (interest being
payable yearly) at Guaranty Trust Co., N. Y. or Old Colony Trust,
Boston.—V. 65, p. 412. In Oot., 1898, 3 per oent was also paid on the
Series B incomes —V. 67, p. 372.
The O. R. & N. stook is placed in trust as special security for
the S e r i e s B in c o m e s , but dividends thereon are to go to the Short Line
oompany except as needed to pay to Series B their full interest. The
Series B bonds will receive from earnings if earned only 3 p. c. inter­
est annually for first three years (but any dividend on O. R. R. & N.
stock shall go toward making up the full 4 p. c.), and then 4 p. c.; they
will be represented by two directors; their consent must be secured to
any lease o f the property unless their interest is guaranteed thereby.
No additional lien shall be placed ahead of S e r i e s A a n d B without
the consent of a majority interest.—V. 65, p. 572. The 1 per cent
dividend July, 1898, on O. R. & N. common stock yielded an amount
equal to a little over 1 p. c. on the “ B ” bonds. V. 66, p. 1141.
L atest E arnings—2 mos., J 1898...Gross, $1,151,495; net, $541,537
July 1 to Aug. 31.
(1 8 9 7 ...Gross, 1,060,756; net,
430,161
A nnual R eport .—Report for 1897-98 in V. 67, p. 733, showed:
Y e a r e n d i n g J u n e 30—
1 - 97.
1899.
Freight ea rn in gs.....................................
$4.189,075
$4,604,119
Passenger earnings.................
1,064,069
1,273,028
Mail, express, &o., earnings...............................
473,103
439,911
Gross earnings........................................
$5,726,247
Operating expenses.......................................... 3,479,379

$6,317,058
3,588,460

Net earnings ..........................
$2,246,868
Other in com e..........................................................................

$2,728,598
198,984

Total net........ .................................................................
Fixed interest and sinking fund..................................
5 per oent, p tyable Sept 1,1898, on “ A ” inoomes.
3 per cent, payable Oot. 1, 1898, on “ B ” inoom es..

$2,927,582
$1,964,108
359,2 0
445,230

$153,994
Balance, surplus...............................................................
O fficers, July, 1898.—President, Samuel Carr; Vice-President, T.
Jefferson Ooolidge, Jr.; Secretary and Treasurer, T. K. Cummins, Jr.;
C. A. Hubbard, Comptroller.
D irectors.—Oliver Ames, Samuel Carr, George J. Gould, Francis S
Bangs, New York; Tuomas R. Jones, Salt Lake City; Winslow S’
Pierce, E. H. Harriman. Ot:o H. Kahn, New fork; T. Jefferson Coolidge"
Jr., Boston; Gardiner M. Lane, Boston; William E. Glyn, New York
Oliver W. Mink, James Loeb, Horace G. Burt and W. D. Cornish.
O ffice .—Financial Office, Ames Building, Boston.—(V. 67,n. 3 6 8 ,
372, 484, 7 3 3 ,7 8 9 .)
Oregon Short Line Sc U tah Nor. R y .—See Oregon Short Line;
Oswego Sc Syracuse R R .- O w n s from Oswego, N. Y., to Syracuse,
N. Y., 35 miles. Leased in 1869 during length of charter and renewal
thereof to the Delaware Lackawanna & Western Railroad Company for
9 per oent per year on $1,320,400 stock and interest on bonds.
O w ensboro Sc N ash ville R y .—Owns from Owensboro, Ky.,to
Adairville, Ky., 84 miles; Mud River Branch, 4 miles. Operated b y
Louisville & Nashville Railroad, which owns the $1,156,518 stock (par

130ÍÍDS.
AKD
STOCKS
Ä AtLttOAP
O ctober , 1898.]




n o
m YESTO ES’
SUPPLÉMENT.
[V ol. l x y i i




RAILRO AD

O c t o b e r , 1M)8. |

STOCK S

AND

l i t

BONDS,

Subscribers w i ll con fer a great fa v o r by g iv in g im m ed ia te notice o f a n y error discovered in these T a bles.
B o n d s —P rinci­
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Duet
Miles Date Size, or
41UUUUI Rate per When Where Payable, and by S to c k s —Last
Par
of
of
For explanation of column headings, &c., see notes
Dividend.
Outstanding 0 ent. Payable
Whom.
Road. Bonds Value.
on first page of tables.

P a n a m a —Sto ck.............................................................

New 1st M.,$4,000,000, s.f.,g,red. 1903,at 105.c*
Subsidy bonds.,g., drawn atlOO. SeeV.64,p.705.c*
P a te r s o n <t H u d .B i v .—Stk., 8 p.c. rent. N. Y.L.E.&W.
P a te r s o n <6 R a m a p o —Stock (rental guarantee) ---P ec o s V a lle y dl N o r t h e a s t e r n — 1st mortgage, g.Ce.c*
P e m ig e w a s s e t V a lle y R R . —Stock (rental guarantee)
P en n sylva n ia R R .—Stock.................................. .
General mort. bonds, $1,000 and £200 each, .c&r
' Currency registered bonds................. r
Currency coupon bonds.......................c
iC0¡3
0
Sterling bonds....................................... o
Mo
S e ®ög Gold registered bonds..........................r
» e
00®ü Gold coupon bonds................................o
Gold sink, fund, 1 p. c., not drawn, .c*
Ow
(Sterling (s. f. in 1900) not drawn.c*&r
Ronds (P. W. & B. stock as collat.) not drawn. ..r
Navy Yard mort. (extended 20 years in 1881).. .r
Collateral trust loan, gold, not drawn................c*
Equip. Tr. gold bonds (s. f. 5 p.c.) not draw n ....cA
Penn. Car Trust (in series payable i*o yearly) —
Penn. Eaulp. Trust (in series payable Lo yearly).
Penn. Rolling Stock Trust (1-10 payable yearly).
Penn. Equip. Trust (in series payable iio J ’rly )..
Del. Ave. Market 1st mortgage..............................r
Delaware Ave. Bloodgood property.....................r
Penn. RR. real estate purchase money gold M.o*&r

48
48
13
372

1897
1880

$100
1,000
1,000
50

1898

568 1867
568 1875
568 1875
568 1873-4
568 1879
568 1879
568 1893
568 1895
1881
1881
1883
1889
1884-8
’86-91
1892 I
T898
1889
1892 I
1893 i

100

50
$ or £
1,000

1,000
£200
1,000
1,000
1,000

£200
1,000
5.000
1.000
1,000
1,000

1,000
1,000
5.000

1.000
1,000

$100) and $1,200,000 of the first mortgage bonds—all these bonds and
most of the stock being pledged under its trust deeds. Earnings are
now inoluded in those of the L. & N.
P a n a m a B R . - R oad —Colon to Panama, 48 m. Completed 1855In December, 1895, an agreement was made with Pacific Mail S. S.
to run three years, and cover joint traffic between New York and
Central America, Mexico and the U. S. Pacific coast. V. 63, p. 76.
Dividends .— 5 ’ 85 ’ 86-7 ’ 88 ’ 89
’ 90 *91 '92 ’ 93 (None
Since ’ 84 p. ct. I 10 nil.
23
9
5
5
2
2 ( since
B onds.—The new mortgage of 1897 is for $4.000,000, of which $2,000,000 issued to refund the 7s; balance to be issued for other purposesTrustees. Central Trust Co., N. Y., and Wm. Nelson Cromwell, N. Y.; the
ainiring fund is $150,000 yearly and bonds may be drawn for s. f. at
105; the entire issue may be called for payment on and after April 1,
1903, at 105.—V. 65, p. 516. See also description in V. 66, p. 1046.
The s u b s i d y bonds are secured by an assignment and pledge
made by the U. S. of Colombia to the trustees of $225,000 annually, of
the annual subsidy or rental tothat 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; sinking fund
closed October 10, 1897; $294,000 bonds now in treasury. See
statement as to subsidy bonds in V. 64, p. 705.
A nnual R eport .—The report for 1897 inV. 66, p. 706, showed:
Y ea r

G ross

N e t.

N et o f

S u r p lu s ,

to D e & 31. E a r n i n g s . E a r n i n g s . S t e a m s h ip s . C h a r g e s . I n c l .
O th er I n c .
$87,350 $832,286 sur. $409,875
1897...... $1,241,942 $894,473
1 8 ^ 6 ___ 1,201,574
819,176
225,539
846,392 sur. 545,685
1895...... 1,311,634
886,831 def. 333,759
884,934 sur
62,941
The charges above in 1897 include: Lighterage, $105,804; general
expenses, $94,492; other expenses, $147,391; subsidy payment,
$250,000; interest on sterling bonds, $186,370.—V. 67, p. 579.
P aterson Sc H u d so n R iv e r .—Owns from Weehawken, N. J., to
Paterson, N. J., 13 miles, double track. Leased in perpetuity at $48,400
per year to Erie RR. (formerly New York Lake Erie & Western), form­
ing part o f its main line.
P a terso n Sc R a m a p o R R . —Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of main line of Erie RR.
(formerly N. Y. L. E. & W.), to which it was leased Sept. 9, 1852,
during legal existence, at $26,500.
Peeos V a lle y .—See P ecos V alley & Northeastern .
Pecos V a lle y Sc N orth eastern R y .—(See M a p .) —In operation
from Pecos City, Texas, to Roswell, 164 m iles; under construction
from Roswell to Amarillo, Texas, 208 miles, of which Roswell to
Canon City, about 20 miles, completed in Aug., 1898, and balance to be
completed by Jan., 1899. Total mileage,372 milts. The irrigation
system now completedwill supply 250,000 acres.
Successor company to the Pecos Valley Ry. Co. sold in foreclosure
April 19, 1898, ana reorganized as per plan (V. 66, p.4 3 8 ). New
company took possession May 1, 1898. The authorized capitalization
is$3, 162,000 of first mortgage bonds and the same amount each of
preferred and common stock.
The old first mortgage bonds, with October, 1895, and subsequent
coupons, received $1,200 in new preferred stock. The new first mort­
gage covers the entire line from Pecos to Amarillo, 372 miles, and
equipment. The bonds are authorized at $8,500 a mile, of which
$1,000 a mile is held by trustee for future requirements, making the
total amount o f bonds to be issued at present $2,790,000. Cash to as­
sure payment of interest for two years is deposited with Cent. Trust Co.
At Amarillo the road will connect with the Atchison Topeka & Santa
Fe, and will have close relations with that company. Extension to be
completed in fall of 1898.—V. 66, p. 811.
J. J. Hagerman, Colorado Springs, Col., President. Among the other
Directors are Chas. A. Otis, New York; B. P. Cheney, Boston; E. D.
Kenna, Chicago; Morgan Jones, Fort Worth, Texas.—V. 66. p. 709,811.
P em igew asset V alley R R . —Plymouth, N. H., to Lincoln, N. H.,
23 miles. Leased to Boston Concord & Montreal (now Concord &
Montreal) for 6 p. c. on stock. Stock, amount, $2,000,000.
P en n sy lv an ia R R .—( S e e M a p ) — L ine of R oad—The Pennsylvania
system embraces 8,977 miles of main track, 1,725 miles of second track
and 4,269 miles of sidings, including all east and west of Pittsburg.
At the close of 1897 the mileage operated east of Pittsburg & Erie, on
which earnings as reported were based, was divided as follows: Penn­
sylvania Division and branches, 1,695; Philadelphia & Erie Division,
568; United Railroads of New Jersey and branches, 524; total ope
rated, New York to Pittsburg, with branches, 2.787.
In 1898 purchased the York Southern, extending from York, Pa., to
South Delta, 41 miles. (V. 67, p. 180.)
Organization , L eases, &o.—The charter of the Pennsylvania Rail­
road was dated April 13,1846. The Pennsylvania C o m p a n y controls
all the lines west of Pittsburg and Erie, the Pennsylvania Railroad
Company holding all its stock.
Securities O wned .—The total cost of these tb January 1,1898, was
$119,659,343, most of which are pledged to secure Pennsylvania issues.
Revenue derived from these securities in 1896, $4,616,215.
Capital Stock .—Stock authorized by law $151,700,000; the amount
outstanding has been increased from time to time, chiefly by sale at
par to stockholders, for new acquisitions, etc.




$7,000.000
fc
1.859.000
4*2 g. A. < O. N. Y., 29 Broadway.
M. & N. ; N. Y., 29 Broadway.
1.611.000
I g- J. & J. N. Y., 44 Exchange PI.
630.000
J. & J. N. Y., 44 Exchafige PI.
298.000
8
2.790.000
5 g. J. & J. N. Y., Central Trust Co.
pF. & A. Tre’s.off., Concord, N.H.
541,500
6
129,303,700 5 in 1897 M. & N. Philadelphia, Office.
6
See text Phila. Office & London.
19,997,820
Q.-M. ij Philadelphia, Office,
6
1.961.000
do
dp
J.&D. IK
6
2.757.000
J. & J. Phila. office and London
6
22.762,020
Q .-M .
Philadelphia, Office,
3.498.000
do
do
M. & S.
1.500.000
M. & N. N. Y., Farm’s L. & T. Co.
3.000.
000
4.850.000
S^ag. J. & J. Lond.,J oint-St’k Bk. Ltd
J. & J. Phila., Pa. Co.for Ins. &o.
4
7.702.000
Phila., Co.’s Office.
J. & J.
1.000.000
5
4 1 J. & D. Phila. ,Provid’tL. &T. Co.
ag.
9.900.000
M. & 8. Phila., GiFd Life &c. Co.
2.728.000
25,000
i *■ Quar’ly. Phila. ,Provid’tL. &T.Co.
Q F Phila.,Tr. S. Dep.& I. Co.
.— .
887.000
4
Quar. Phila., Gir’ d Life &o. Co.
4
1.870.000
3.000.
000 3*9
Philadelphia.
300.000
4»io M. & S.
Philadelphia.
200.000
44io M. & S.
=
.
2.000.
000 4 g. M. & N. ■N Y., Farmers’ L. & Tr.

Jan. 3, 189S
Oct. 1, 1917
Nov. 1, 1910
July, '98, 4%*
July, '98, 49fe.
Jan. 1, 1948s
Aug., 1898,3%i.
May 31,’98,2%
July 1, 1910
June 15,190®
June 15,1905*
July 1, 190®*
Sept. 1, 1910'
Sept. 1, 1918s
”
May 1, 1 9 4 »,
July 1, 194®'
July 1, 1921
Jan. 1, 1901
June 1, 1913!
Sept. 1, 1914^
1897 to 1898T
1897 to 1901
1902
1899 to 190®» “
Moh. 1, 1909
Sept. 1, 1912
May 1, 1923L1

’ 89 ’90 ’91 ’92 ’ 93 ’ 94toMajr,’»8 r
85 ’86 ’ 87
D ividends ( ’ 83
5 5 »2 6 6 t5
5 yearly..
per cent. ( 8*2
5 5*2
t And also 2 per cent in scrip.
B onds.—I n t e r e s t o n g e n e r a l m o r t g a g e 6s of 1867 is payable on coupon»'
bonds January 1 and July 1; on registered bonds, April 1 and October 1 The c o n s o l i d a t e d m o r t g a g e of 1873 for $100,000,000 secures all the»
consols equally, though issued at different dates; of the amount author­
ized, a sufficient amount is reserved to retire the general mortgage of*
1867. It covers all the property and franchises of the company,*,
including its main line from Philadelphia to Pittsburg, and branches^,
being a total of 517 miles, partly four-tracked, together with rea®?
estate and equipment. It is also a first lien on the company’s leasehold!*
interest in other railroad lines and canals, as well as on shares and!*
bonds of other companies of an estimated cash value of over $50,000*-000. These securities produced in 1892 an income of over $2,600,000: Sinking fund for consols Jan. 1,1898, held—Consols canceled, $1,771,—
980; other securities and cash $5,319,908.
The 4 p e r c e n t l o a n o/1 8 81 is secured by pledge of Philadelphia Wil­
mington & Baltimore stock.
The c o l l a t e r a l t r u s t loan of 1883 is secured by the deposit of mortgage»
bonds of subsidiary lines to the par value of $13,576,000.
The guaranteed securities are bought with 1 per cent of the net income*
yearly, and $8,720,410 (par value) so purchased were held Jan. 1 ,1 8 9 $
G uaranteed B onds.—In addition to “ guaranteed rentals,’ the»
Pennsylvania RR. is contingently liable under guaranties on c e r t a i n o 2
the bonds of the following companies, the nature of the guaranty being?»
described in the separate statement for each company—which see.
Allegheny Valley Ry. Harrisb’g Portsmouth River Front RR.
Mt. Jov * Lane. RR. Susquehanna Coal O02,
Balt. & Potomac RR.
fe
Belvidere & Del. RR. Mt. Holly Lumberton Delaware Riv. RR. <
Bridge Co.
& Medford RR.
Camden & Burlington
Pennsylv’a Canal Co. Tyrone* Clearfield R y
Comnany RR.
Pennsylvania Co.
United N. Jersey R R Chartiers R y.
Phila. Germantown * West Chester RR.
Connecting Ry.
West’n Pennsylv. R R .
Chestnut Hill RR.
GirardPt. Storage Co.
Junction RR.
Philadel’a & Erie RR.
In Sept., 1897, $5,000,000 Pennsylvania Company Series A gu ar­
anteed trust certificates were issued—see Pennsylvania Company.
General F inances.—Mortgages and ground rents payable were or*
.
Jan. 1, 1898, $4,288,071. In July, 1895, $5,000,000 consol. 3*28 were*
sold for Delaware River bridge, construction and betterments during^*
1895. (See V. 61, p. 69.)
L atest E arnings.—Jan.1 to Aug. 31 (8 months) d i r e c t l y o p e r a t e d r
Lines e a s t of P itts-) 1898, gross...............$42,248,667; net, $12,504,9 9
burg & Erie, j 1897, gross............... 40,928,867; net, 12,580,996 *
Lines w e s t of P. & E., i n c . or d e c . gross .. +2,312,600; net, —2 9 6 ,5 0 O *
A nnual R efort .—Fiscal year ends Dec. 31. Annual meeting is hel d »
at Philadelphia on second Tuesday in March. The report for 1897 was*
given at length in V. 66, p. 467, 473 ; see also editorial p. 448.
EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND ERIK.

The figures for 1897,1896 and 1895 are as follow s:
Y e a r e n d i n g D e e . 31—
1897.
1896.
18957
Gross earnings......................$128,278,087 $123,634,120 $130,319,35af
Operating expenses............. 87,641,032
88,329,329
90,893,610
Net earnings................... $40,637,055
$35,304,791 $39,425,74»
The income account has been as follows, the “ net income ” given in,
the first line being the amount of income after deducting interest pa id ,
INCOME ACCOUNT OF PENNSYLVANIA RAILROAD COMPANY.

31—
1897.
Net income Penn. RR. Div’n .. $10,264,751
Net gain on N. J. Division...
480,720
Gain on Phila. & Erie D iv___
87,661

1896.
$8,898,589
439,424
53,108

Balance of income............$10,833,132
Payments—To trust fu n d_
_
$94,410
Consol.mortgage redeemed...
324,780
411egh.Val.RR. Co.—Defle’y .........................
Extraordinaryexpenses........
1,067,305

$9,391,121
$73,048
324,780
244,570
1,516,899

Y e a r e n d i n g D e c.

1895.
$9,778,23®
727,694*»

24,505c

$10,530,432:

$87,217

324,78«»'
156,715»*
1,327,250

$1,486,495
$2,159,297
$1,895,962
Balance to credit of incom e.. $9,346,637
$7,231,824
$8,634,470
Dividends................................ (5) 6,465,170 (5) 6,465,123 (5) 6,465,011
“ Extraordinary Fund” ........ *1,800,000
To credit of profit and loss... $1,081,467
$766,701
$2,169,45»
Bal profit and loss Deo. 3 1 -.. $22,823,957 $24,152,323 $23,553,470
‘ Created in 1897 to ensure continuous prosecution of work on grades
alignments, betterments, &c., in which shall be set apart from time te> *
time such sums as can be spared from current income without en­
croaching on dividend fund.
Officers (Mar., 1898.)—President, Frank Thomson; 1st V. P., Johis
P. Green, 2d V. P., Charles E. Pugh; 3d V. P., S. M. Prevost, Secre­
tary. John C. Sims; Treas., Robert W Smith.—(V. 6 , p. 4 3 0 0 *
.
6
7 ,1 8 *
V. 67, p. 180, 789.)

INVESTORS’ SUPPLEMENT.

,y0 > LXvir.
L




O ctober , 1898. J

BAILKOAD

STOCKS

AND

BONDS.

113

Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
RAILROADS.
Bonds—Princi­
INTEREST OR DIVIDENDS.
MUes Date Size, or
pal, When Due.
‘f o r explanation o l column headings, &c., see notes of
Amount Rate per
of
Par
When
_________ on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by Stocks—hoax
Whom.
Dividend.
Pennsylvania Company—Stock..................................
Sold, sec. by pl’ge & guar, (not dr’n)..o*&r
1881
Guar.tr.ctfs.$20,000,000g.guar. Pa.RR.,ser.A*..
1897
Car trusts (June, 1898).,. . . . ................................1
Pennsylvania A North, Western—Stock, $2,500,000
62
e cu s Gap Extension 1st mortgage....................o'
24 1875
m«
(*or $550,000) s. fund not dr’n.o
24 1883
Giearfleld & Jefferson 1st mortgage........
o*
38 1886
General mortgage for $2,500,000...................... !o*
62 1890
Car trusts, $74,000 due yearly...............
Peoria A Bureau Val.—Stk., 8 p. o. rent’l C. R.L&P
"47
ireo. Decatur A Evansv.—Receiver’ s certificates
1895
Stock authorized, $9,900,000................................
1st M. (Peoria Div.), gold...................
110 1880
1st m. (Evansv.Div., Mattoon to Evansville,) glo* 128 1880
Second mortgage, g o ld ......................................
0* 244 1886
Chicago & Ohio River Div. 1st mort. (see text.)..
86 1886
Income mortgage, $750,000................
86 1886
New Securities Under Brown P lan—
New common, $8,400,000............................
New preferred, 5 p. ct., non-cum., $3,o6"o,’o 6 6 "
New 1st mortgage, gold, $2,757,000............
1897
Peona A Eastern—Stock..............................................
* W. 1st M., pref., int. guar., ext.o<fer 202 1879
Ohio Indiana & West. 1st M., pref., gold, int. gu o* 342 1888
P. & E. consol. M. $10,000,000, interest guar..c* 342 1890
2d consol, mortgage,income, non-cumulative. ..o 342 1890
Peoria A Pelcin Union—1st mortgage, gold.
c
20 1881
2d mortgage, gold..................... ............................ .e
20 1881
„K
Brown Committee is paying each April 1 and o L . 1 auth e Cen
, at
ct.
About iO of the iirst mortgage bonds of both divisions de posited w ith sa
t Also $3U7,000 issued as security—
see test.

$50 $21.000.000
19,467,000
41
ag.
5.000.
000 flag,
1,239,V53
4
""5 0
2.250.000
1,000
81,000
500 &c.
145.000
500 &c.
1.000.
000

1,000
1,000

1,000
100

100
1,000
1,000
1,000

500 &o.

100
100 &c.
500 &c.
1,000
1,000
1,000
1,000

1.021.000

225.000
1.500.000
13,018
8.400.000
1.287.000
1.470.000
2.088.000
250.000
623,500

6 *•
6 *•
i g6

Pittsburg, Co.’s Oflice.
J. & J. N. Y., Nat’l City Bank.
M. & S. N.Y.,Union Tr. & Phila,
Various
Phila., Gu.Tr. & S. D.Co.
F. & A. Phila., 26 So. 15th St.
A. & O. Phila., Gu.Tr. & S. D.Co.
J. & J.
do
do
J. & J. Phila., Gu.Tr.& 8. D. Co.
M. & S
.
do
do
F. & A. N.Y. ,Ch.R.I. & Pac. RR.
J.
M.
M.
M.

&
&
&
&

June 1, 1894
July 1, 1921
Sept. 1, 1937
Various dates.
Jan. 10, 1895
Aug. 1, 1905
Apr. 1, 1913
Jan. 1, 1927
Jan. 1, 1930
Mar., ‘99 to ’03
Aug., ’98, 4%

J. *July’97,cp. pd. Dec.’97 Jan. 1, 1920
8. *8ep.’96 cp. pd. Feb.’97 Sept. 1, 1920
N. Nov., ’93, coup, last pd. Nov. 1, 1926
N. Pd. on bonds not own’d
1916
1916

8.400.000
3.000.
000
2.757.000
5 g.

10,000,000
1.000.
000 4
500.000
t8,103,000
4,000,000
1.495.000
1.499.000

, * w . ltiC lal
» wvv* ue S l

A. & O. N.Y., J.P. Morgan & Co.
Q .-J .
do
do
do
do
4
April 1 N. Y., when earned.
6 g. Q.—F. N. Y., Central Trust Co.
4 1 M. & N.
ag.
do
do

I 8' A. & O.

Apr.
Apr.
Apr.
Apr.
Feb.
Feb.

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

1940
1938
1940
1990
1921
1921

tralT ru st Co. in te re s t at 6 p e r cent per annu
m o n ail c ertifica tes repres e n t in g a ll e x c e ’t
id tru st c om p a n y und er th e ir agre em ent.

Pennsylvania. C om p an y.—(See Wap Pennsylvania RB.)—This
roa<J fee but has- cliarge of all the system of the
Pennsylvania Railroad, Co. west of Pittsburg, its lines including :
Leased by transfer from Pa. RR.:
Other lines controlled by stock or
__
Miles.
. ,
otherwise:
Miles
Pittsb. Ft. W. & Chicago. 17469-89 Pitts, Cin. Chic. & St. L.
N e w ca s tle * Beaver Val.. 1714-98
Ry. and leased lines___1,340-68
Massillon & Cleveland___
12-23 Cin. & Muskingum Val... 1)148 45
Erie & P ittsb u rg............. 1784-47 Waynesburg & Washing..
28-15
Cleveland & Pittsburg___17198-34 Cleveland & Marietta.......17103-13
Leased directly by Pa. Co.:
Cin. Leb. & Nor..................
31-76
Pitts. Youngs. & Ashta.... 17125-09 Cin. Rich. & Fort Wayne.. *85-60
Toledo Wal. Val. & Ohio... i] 125-40 St. L. Vand. & Terre H .... 17158-30
Indianapolis & Vincennes 1)133-11 .East St. L. & Carondelet.. 1713-25
Controlled by stock or otherwise:
Controlled jointly with
Pitts. Ohio Val. & Cin........
15-27
other companies:
Roch. Beaver Falls & W...
-55 Pitts. Chartiers & Yough.. 1715-74
Marginal RR.,Beav.F..Pa.
2-96 T9I. Peoria & Western___17230-70
Balineville RR...................
3-07 Lines used jointly under
RollingMillRR.,Toledo,O.
-71
trackage arrangements.
93-33
■South Chic. & Southern...
10-25
State Line & Ind. C ity....
7-56
Total o f all lines..........3,457-40
4-43
Calumet River..................
‘ Operated by Gr. Rapids & Ind.
Tot. op. direct, by Pa. Co. 1,208-31
1 See statement for this co.
7
AT^ON—Cilart?r?d ,ln Pennsylvania April 7, 1870, and'operaP t^-e Pennsylvania s leased lines west of Pittsburg, its stock
is owned by the Pennsylvania R a i l r o a d . On December 31, 1897. the
&
/ &
^ C»
any ,°w n ed sundry bonds having a par value of
h A ^ V 'Z ^ ’A ^ f tocks °L par value of $62,219,817, these stocks and
bonds representing on the company’ s books a value of $35,647.795
and yielding from Jan. 1 to Dec. 31, 1897, an income of $1,435,477
O f these securities part are pledged, as said below.
DiViDENDS.—in 1883, 4 per cent; then none till 1892, when 4 per
cent was paid in March; in 1893, March, 4 p. 0.; in 1894, June, 4 p. 0.
V1 o/1921 are secured by a deposit of the leases
™
?
■
fyp'i 4be Cleve. & Pittsb. and Erie & Pittsb. railroads, and
«1 bonds and stocks having a par value April 1,1881, of $24 171 630
as well as by lien on certain real estate. They are also guaranteed
as to principal and interest by the Pennsylvania Railroad Com­
pany, and are so endorsed; the trustees of the mortgage are W. H.
Barnes, John P. Green and N. P. Shortridge. In 1892 and 1893 the
company guaranteed certain Pittsburg Cincinnati C. & St. L. bonds.
1 t
trust certificates were issued by Girard
¿vI/Td E/ u
y°-> Pbila., as trustee, under a deed of trust made by
Pennsylvania Company and tlle Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged $5,000,000 at par of the 7 per
cent guaranteed special stock of the Pittsburg Ft. Wayne & Chicago
« 2^<woyo o o ' A^n o A 1 antEorized issue of the trust certificate s &
is
$20,000,000’ each series to be seoured by deposit of shares of the
speoial guaranteed stock to an amount equal to the par value of the
series. The series A v ere issued in September, 1897, for refunding
*nd capital expenditures. Sinking fund $50,000 a year, but certificates
cannot be called. See V. 65, p. 368, 572) 1116; V. 67, p. 1 2 2 .
A nnual R eport .—Report for year ending Dee. 31,’ 1897, was in V ’
n ii:
18+ i
7
°JL 1,225 miles, $20,225,670; net
$8)050,069, int6r6st) rentals, etc., S7,040,248i Dalanee sht*
ooq ~
821. In 1896 gross, $19,423,975; net, $7,312;371
'
’ * 1’009’

bondage
«Q7ON FlK8T MORTGAGES.-Coupons or Peoria divis’n
* n
1
■ uly>!897, were paid Dec., 28, 1897. Counons of EvansIinced 'oct., 1898, on the old loans. The Brown189?P No payments
to Octn
'^ n ’ti189 m Y ere paidu Feb' 10> reorvanizatin-n onm
since to
at S D e M m n t L T reg ularly through the Central Trust Co interest
l O o K n i r t f n f f i i on oeJ tlfl(jates representing ad except about
^ents^re^Aprfl l^an^Octf 1? i*ep08lted under their plan. TheP payse
(s S fv Rfi4 N
nZ1 n ^ ^ i NS’~ Tî16 So< dder second mortgage committee
a
,u
X- 54, p. 1042) issued a plan of reorganization in Mav 1897 and

1897 [ r 6 5 MuSt62n ^
a
00^ 11^ 6 issued a plan^ in^epteiibeÎ
11
65 n «91
These plans were given m comparison in V.
5 1: ? lle Brown plan would giye. Old 1 st 6s par in new 1st 5s
rec^iv^ 112'inn
P
olt , id JS t0 pay assess, of 25 p. 0. and
AAiVriV
i?77 12 p’ °- i ? Preferred; old common assessed 5 p. c. and to re.Ç 1 6 5J>- e. new pfd. and_ 1 0 0 p. c. new common, m e r e s t charges
®!
189d8
erA & A Plai ’ ^\87h8? ^ RR^e^ $cudder plan, $162,8 0! In Jiiiy
^
1898, efforts pending to bring together opposing interests.
y’
bondholders’ committee (both divisions
consists of Walston H. Brown, Chairman, 40 Wall St.: Wm Ana-nstins
White, 130_Water St.; E. H. Ladd, Jr., Morton S. Paton, Charles A PeaJp depositary, Central Trust Co., New York. A maioritv o f
r‘
firsts of each division have been deposited. V. 65, p. 778 824 977
M o r tg a g e
B o n d h o l d e r s ' C o m m itt e e .— Moses ’ l
Scudder
U 0kar1« 8 S- Fairchild, Jenkins Van Schaiok,^ R. Suyda£
S
W
i , »
depositary, N Y . Security & Trust do., N. Y. See
p," 930, 1106. Practically all the seconds had been denoslt.Ad
,yFo™ p
Und|A bi°Q^ di7 i8lonal first mortgages’
p- 1089!, 1188t v. 65, p. 70, 195; V. 66, p. 184.) In March
1891, decree of foreclosure entered under second mort. V. 67 p. 275 ’
Dei 5 31’ i ? 97. Principal o f bills payable was
,
$804,091, accrued interest unpaid, $222,746; eciuip notes
overdue interest on seconds, $437,000; due H £ M iholas & Co on
.^
stock acoount, $65,672; receiver’s bills payable, $25 000
J an.

1

to June 30.

............. g r088’ $410,941;'net, $66,615
l
51897............. Gross, 425,125; net, 80 311

ar?telv was inE P RV 469. Report 8 ofear ending Dec 31 ’ 96 sep­
,97
arately was in v rr p. ^ p012 for l for y the two main divisions was
V. 66,
f e f i ifi.Jv 64, p. 1 0 /0 Interest on 2d Mortgage and Ryi Co. hoktins
debt (which was not paid) not included for any of the years.
V g
1 «Q7
I n t e r e s t . R e n t .,A c .
B a la n c e .
JS9 7 ........ ......... $?9i*£75 $124,323 $168,624 $30,140 def $74 341
................ 864,054
204,958
172 472
33 690 def * 1 ¡204
18 9 5 ................. 911,776
244,141
170,897
30,141 sui.43,103
baiance (def. or sur.) add $15,000 dividend on P. & p. u. stock
ib u t ownerstapof this stock is in litigation. President
(Oct. 97) R. S. Anderson.—(V. 67, p. 75,275,635.)
1
Peoria. & Eastern R y .—fNee M a p O lev. C in . C h ic . A St L o u i s j
—
°.WS|
m ., to Indianapolis, Ind., 202 miles, and has a Hat,
SpriQ^eld Division, Indianapolis to Springfield
Ohio, i41 miles; trackage, Pekin to Peoria, 9; total operated, 352 miles'
. L ™ ’ E tc.—Formerly Ohio Indiana & Western, sold in foreclosure
.
in 1890, reorganized per V. 49, p. 616, and leased till Apr 1 1940 to
Cleveland Cincinnati Ch. & St. L., whioh vuarantAAH
not principal, of the first oonsols and the underlying bonds and owns
l s o i ^ a th e^ iO ’OOO,000 stock, par $100. See Supplement of j Z
1894, as to provisions respecting any surplus over charges.
’
B onds.—The consolidated mortgage of 1890 covers bAsidAn
proat. *947.034; $ 7 5 00 non f 5,000>
000 Purchase money lien on the Springfield Division­
a l, 500,000 are reserved to retire the prior liens and a sinking fuml fm-’
this purpose held $140,000 on June 30,1896 ; 0. 0 C & s f T is
v a ,n la A ^ ° . rt*1 W e ste rn I t I I .-O w n s Bellwood, Pa., to dorser
and
Horatio, 62 miles; total, including branches, 75 miles. A consolidation securityon $200,000 P. & E. notes to theholds $397 000 aat^Ui! e5 '
therefor—these in addition
$8,103,000 See abstracts
Jan. 1,1890, of the Bells Gap and Clearfield & Jefferson roads.
of mortgages of 1890 in V. 51, p. 246 and of 5. Ind & Weste™ ™
1
1894, Jan., 2 p. o.;\89? ’ ? p’one; in’ 91’ 5 ; 2 p. 0.; 51a:1896, none. 0.; in ?afS ’nX’ 47’ P’ 291’ / b e $1,000,000 Ind Bloom. & W est 7 s X d j a n '
in July n ° ‘ ;
1895, in ’92* in ln ’ 93, 6 p.
E arnings.—Year ending Deo. 31, ’97, gross, $505,464; net. $168 117other income, $983; interest, taxes, eto., $124,580; balance surnlns’
$44,520. In 1896 gross, $4^2,113; net,’ $142,799. (V. 59?’p! l008.)’
s m s
P e oria & B u r e a u V a lle y R R . —Peoria to Bureau June.. Ill
Def. below 2 months’ charges, $12,113 in 1898, ¿gainst del $4545
¿7c1 A A Lea86d i.n .1854 t0 Chicago Rock Island & Pacific RR. for
? A
$125,000 yearly; dividends, usually 8 p. c. yearly, occasionally more.
r r ^ S f o : 1' ^ 97-98
a ? ; ? , 7' “ •
f e#0r ? D ecatur & E v an sv ille R y . —Owns from Pekin to Evans- w ® ......................»‘ f l u
0i
m
a s
» « r S s
»
a
2F t ^ i164; b£an°h, 6 miles; Chicago & Ohio River Division, Sidell
S
js. S “
to West Liberty, 78 miles (laid mostly with iron rails); total owned, - v . 6 i , p : i v ; ; i i r y . e s .p ’. s l 6 i v k S
311 mil ess joint track to Hervey City, 7 miles; leases, Pekin, 111., to
Peoria, I1L, 10 miles; through Decatur 3 miles; total, 331 miles.
H is t o r y .—Company owns $250,000 Peoria & Pekin Union stock,
but ownership is in litigation. The P. D. & E. owns $220 000 of the
*
$250.000 Chicago & Ohio R. firsts outstanding as in table above, and Owned by the Cleveland Cincinnati Chicago ^ fit Tn.’. f . W 000,
has issued as collateral an order for $100,000 additional
in May, 3.898, it was announced that the Chicago & Ohio River
division; not included in reorganization plan of P. D & E would
be acquired by Cin. Ham. & Dayton interests. (V. 66," p. 1043.) '
R e c e iv e r s h ip , E tc . On January 13, 1894, placed in receiver’s S O O ^ a r ffe a ^ ili’ A ^ l l f JV'le,13li|A897' Sr08s- *642,803; net,’ $310
hands. The receiver is now E. O. Hopkins—see vT65, p. 195.




114

INVESTORS5 SUPPLEMENT.

[V o l , LXVII

Subscribers w ill c o n fe r à great fa v o r by g iv in g im m e d ia te n otice o f an y error discovered In these T a b les.
Bonds—Prinol •
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due
Miles Date Size, or
Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Road. Bonds Value.
Cent. Payable
on first page of tables.
P e o r i a A St. L o u i s — 1st M., gold, $20,000 p. m .c*
P e r ic io m e n —IstM ., ser. I (1st l’n) gold, gu. p. & i.o*

38'5
1st M., ser. 2 (2d Pn) gold, guar. p. & I. (end.)..c* 38'5
P e t e r b o r o u g h , R R . —Stock (rental 4 per c e n t)..........
"59
P e t e r s b u r g — Stock................................................. -_---■
59
Guar. pref. stock, 3 per cent, lien prior to mortg.
59
Mortgage bonds, class A, gold.................................
59
Mortgage bonds, class B, gold...............................
73
P h il.A B c U t.C e n t. —1st M.$2,500,000,$1,200,0004*28
P h i l a . A O h es. V .— 1st M., pf., old 5s, red. ’ 96, g..c*
1st m., old 4s, not pref., int. reduced in ’ 96, g..o*
287
P h ila . <6B r i e — Common stock ($10,000,000 author.)
Preferred stock, 7 per cent, special.......... . ........... 287
Gen. M. (now 1st) gold, guar. p. & i. by Pa. RR..0 287
do
do
($5,263,000 are 5s).......................r 287
P h i l a . A F r a n k f o r d — 1st mort., $500,000, gold .. .c*
7
P h ila . G e rm . A C h e s tn u t H i l l — IstM ., gu. by Pa. Ry.r
Consolidated mortgage, gold............................... o*
29
P h ila . G e rm . A N o rris V n r—Stock rental., P. & R. Ry.
44
P h ila . H a r r i s b u r g A P i t t s b u r g — 1st mort., gold.o*&r
22
P h il. N e w t o w n A N . Y .—1st M., gold........................ c*
P h i l a d e l p h i a & R e a d i n g R y . —See R eading C O M P A
58
P U il. R e a d . A N e w E n g . — 1st M., gold, guar, (end.) .c*
58
Do (4 p.c.till Sept. 95; since 5 p.c.) guar.p. & i.c*
58
Do 5 percents (See text) gold, guar. p. & i ........
58
Inc. M, non-cu., Ser.A,$1750,000;B,$2100,OOO.c*
12
Dutchess C o.R R .lst M., gold,guar. (See text.)c*
P roposed New Securities .
Common stock...........................................................
IIII
Preferred stock, 4 per cent.....................................
1st mort., $1,250,000, call at 105 after 5 years..
General mort., 5 per cent incomes, $8,500,000.. ....

1896
$100
1888 10Ò &o.
1888
1,000

....

1881
1881
1881
1888
1888
1869
1869
1892
1883
1894
1890
1892

100
100
1,000
1,000
1,000
500
500
50
> 50
1,000
1,000
1,000
1,000
1,000
50
1,000
1,000

$20,000

5 g.
799,600
5 g.
1.125.000
!*
385.000
960,800 7 in 1898
323.500 7 in 1898
894.000
5 g.
800.000
6 g.
2.200.000 4*2 & 5
280.500
4 g.
3 g.
100,000
7.985.000
2.400.000
8.680.000
6 g.
11,143,000 4 g. & 5 g,
497.000
5 g.
1,000,000
4*2
263.000
4*2g.
12
2,246,900
500.000
5 g1.408.000
5 g.

NY.

1892
1892
1892
1892
1890

1,000
1,000

3.750.000
2.500.000
As collateral
1,000
3.850.000
1,000
350.000

1898
1898

3,4.">0,000
3.150.000
650.000
7,163,323

4 g.
4-5g.
5 g5 g.
6 g.

F. & A. N. Y., Knickerbook. Tr. Aug. 1, 1936
Q.-J. Phila. Reading Ter.Bid. Jan. 1, 1918
Jan. 1, 1918
do
do
Q.-J.
Oct., 1898,2%.
Nashua, N. H.
A. & O.
Richmond,
J’ly 1,’98,3*2%
J. & J.
do
J’ly 1,’98,3*2%
J. & J.
J. & J. Riohm’d and Petersb’g. July 1, 1926
Oct. 1, 1926
do
do
A. & O.
M. & N. Phila., Penn. RR. Co. Nov. 1, 1911
Philadelphia,
Apr. 1, 1938
A. & O.
Apr. 1, 1938
do
do
A. & O.
Phila., Broad St. Stat’n. Mch. 1, 1894
Yearly. Phila., Broad St. Stat’n. Deo. 31, 1893
do
and London. July 1, 1920
& J
& O Phila.. Broad St. Stat’n. July 1, 1920
Aug. 1, 1922
F. & A.
M. & N. Phila., Broad St. 8tat’n. May 1, 1913
Nov. 1, 1944
do
do
M. & N.
Q .-M . Phila., 132 So. 3d St. Sept.4,’98,3%
Phila., Comp’y’ s ofHoe. Oct. 15,1925
A & 015
A. & O. Oct. ’97, coup, not paid, Oct. 1, 1942
F. &
M. &
M. &
Oct.
J. &

A.
N.
N.
I
D.

Feb., ’ 93, coup, last pd,
Nov., ’92, coup, last pd,
Nov., ’92, coup, last pd,
None paid.
Dec., ’97, coup, last pd,

Nov.
Nov.
Nov.
Oct.
June

1,
1,
1,
1,
1,

1942
1942
1942
1952
1940

To beh eld in tr ust for ten years, or un til 4 per cent
is pai d on gen eral mortgage for two years.
5
£ Not stated.
5

Officers .—C. H. Bosworth, Pres.; E. F. Osborn, Vice Pres.; F. L.
Tompkins, Supt.; H. K. Pinkney, Sec. and Aud.; J. F. Keifer, Treas.
P e o ria Sc S t. L o u is R y . - V . 63, p. 560; V. 64, p. 755.
P erK lom en R R . —Owns from Perkiomen Junction, Pa., to Emaus
Junction, Pa., 38'5 miles. Stock subscription, $38,040. Reorganized in
1887. There is due Reading Company on loan account about $1,000,000.
In year end. June 30,1897, gross earnings were $260,366; net, $93,738; interest, etc., $96,230; bal., deficit lor year, $2,492. In 1895-96,
gross, $289,289; net, $116,895.
P eterb orou gh R R .“ Wilton to Greenfield, N. H., 10*2 miles.
Leased April 1,1893, to Boston & Lowell for 93 years at 4 p. c. on
stock and expenses. Capital stock $385.000.
Petersburg R R .—Owns Petersburg, Va.. to Garysburg, N. C., 59
miles, rents Garysburg to Weldon (Seaboard & Roanoke), 2 miles; total.
61. Reorganized in 1877 without foreclosure. Atlantic Coast Line
Co owned $615,500 of the common stock on June 1,1897. Consoli­
dation with the Rich. & Peter. RR. under the name of the Atlantic
Coast Line Co. of Virginia to be voted on by.stockholders on Nov. 2,
1898. V. 67, p. 843. Dividend on each stock in 1892, 6 p. c.; inl893,
6 p. c.; 1894, 5*2! 1895, 6; in 1896, 7; 1897, 7; 1898, 7.
E arnings .—1 month, >1898................Gross, $53,109; net, $30,317
July 1 to July 31.
51897................ Gross, 43,358; net, 21,428
A nnual R eport .—In 1897-98, gross, $596,173; net, $301,068. Re-'
port for year ending June 30, 1897, in V. 65, p. I 111, showing gross
earnings, $562,945; net, $249,040; other income, $5,722; interest
charges, $94,400; dividends,$89,901; balance, surplus for year, $70,461.
In 1895-96, gross, $588,763; net, $244,526—(V. 67, p. 178, 843.)
P h ila d e lp h ia Sc R a ltlm o re C entral R R . —West Phila. to
Octoraro Jo., Md., 63 miles; Wawa to West Chester, Pa., 9 m. (double
track, 12 m.); branch, 1 m.; leased, Chester Creek RR., 7 m. Phila. Wil­
mington & Baltimore Railroad holds $2,497,100 of the $2,499,286
stock, and road is a part of Pennsylvania system. Fiscal year ends
Oot. 31. For 1896-97, gross earnings, $818,027; net, $L09,613; int. on
deposits, etc., $22,742; def. under charges, $34,185. In 1895-6, gross,
$866,621; net, $73,456. In 1894-5, gross, $909,483 ; net, $150,789.
P h ila d e lp h ia Sc C hester V alley R R . —Road from Bridgeport
to Downington, Pa., 22 miles. Chartered in 1888. Capital stock (par
$50) is, common, $550,000; preferred, $205,100; total, $755,100, of
which Reading Company owns $450,000 common and $205,100 pre­
ferred, the same being deposited under its general mortgage of 1897.
A 1 per cent reduction of interest on each class of bonds was agreed
to in December, 1896, by 96 per cent in interest of the bondholders.
See V. 63, p. 1064. The Reading “ Company” guarantees by endorse­
ment principal and interest of the bonds, with interest reduced.
Earnings.—For year ending June 30, 1897, gross, $44,641; net,
$9,097; charges, $14,575; bal., def., $5,478.—V. 63, p. 1064.
P h ila d elp h ia Sc Erie R R .—( S e e M a p P e n n s y l v a n i a R R . ) —
R oad —Owns Sunbury to Erie, Pa., 287 miles—double track, 78 miles.
Organization , L ease, &c.—Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid as
rental. Pennsylvania RR. owned Deo. 31, 1897, $3,501,800 common
and $2,400,000 special stock and $3,946,000 general mortgage bonds,
and city of Philadelphia (sinking fund) $2,250,000 common stock.
D ividends ,—On common in 1892,'Mar., 2 p. 0.; 1894, March, 2 p. 0.
E arnings .—8 months, >1898..........Gross, $2,714,223; net, $757,561
Jan. 1 to Aug. 31.
51897......... Gross, 2,705,675; net, 732,612
A nnual R eport .—Report for 1897 was given in V. 66, p. 468.
Y e a r e n d . D e e . 31—
1897.
1896.
1895.
1894.
Gross earnings................ $4,601,257 $4,512,511 $4,378,574 $3,965,196
Total net Income.............$1,235,187 $1,231,996 $1,181,840 $1,020,411
Interest on debt...............$1,047,470 $1,047,470 $1,047,470 $1,047,470
Interest on special stock.
48,000
........................... .
........
Interest on equipm’t, &o. 125,564
176,962
129,843
118,124

are 3 per cent quarterly (12 per annum), but in Maroh and September,
1893, only 2*2 p. 0. eaoh was paid on account of certain losses. Lease
assumed in 1896 by Phila. & Reading Railway.
P h ila d elp h ia H a rrisb u rg Sc P ittsb u rg R R . —Owns from
Harrisburg, Pa., to Shippensburg, on the Western Maryland Railroad,
41 miles; sidings and laterals 10 miles. Opened in April, 1891, and
leased for 999 years at 5 p. c. on stock, interest on bonds, taxes and
expenses to the Philadelphia & Reading R R ., which by endorsement
on eaoh guaranteed the bonds, principal and interest. Lease assumed
in 1897 by Philadelphia & Reading Railway. Stock, $2,000,000 (par,
$50), of which $1,995,000, along with $1,472,000 of the bonds are
owned by the Reading Company and deposited under its general mort.
gage of 1897. Mortgage is for $2,000,000.
P h ila d e lp h ia N e w to w n Sc N ew Y o r k R R . —R o ad —Phila­
delphia to Newtown, Pa., 21 miles; branch 1 mile. Opened in 1878
and was operated in connection with Philadelphia & Reading, which
guaranteed the bonds, principal and interest, by endorsement. Capi­
tal stock, $1,600,000; par, $50. Of the bonds, $849,100 (with coupons
only partly paid—see V. 64, p. 331), are owned by the Reading Company
and deposited as part security for its general mortgage of 1897. First
mort. coupons due Oct. 1, 1897, were not paid.—V. 65, p. 685. For
year ending June 30, 1897, gross, $84,227; net, $19,747; total deduc­
tions, $29,645; balance, deficit, $9,898.
P h ila d e lp h ia Sc R e a d in g R R .—See R e a d in g C o m p a n y .
P h ila d e lp h ia Sc R ea d in g T e r m in a l R R .—Owns terminal
road. 1*3 miles, including station at Twelfth and Market Streets, Phila­
delphia; total single track, 5-7 miles. The capital stock is $8,500,000,
and $8,497,500 o f it is deposited as security for the Terminal bonds of
the Phila. & Reading RR. (see Reading Company), which are also
guaranteed bv the Terminal Company, the latter having issued no
bonds of its own—see full particulars V. 64, p. 85.
P h ila d e lp h ia R ea d in g Sc N ew E n g la n d R R . — This
company owns from Campbell Hall, crossing the Hudson R iver
at Poughkeepsie by its own bridge, to Silvemails, 58 m iles; and leases
aud controls Hartford & Conn. Western, Hartford to Rhineoliff, 109
miles; total. 167 miles; also leases and controls Dutchess Co. R R ..
from Poughkeepsie to Hopewell Juno.. 12 m iles; traokage, 1 mile. The
proposed extension from Tariffville. Conn., to Springfield, Mass., pro­
vided for by reorganization plan, will be 18 miles long.
R e c e iv e r sh ip , &c.—On August 19, 1893, J. K. O. Sherwood was
appointed receiver. Iuterest on Dutchess Co. RR. firsts was paid
regularly to Juue, 1898, inclusive, but under the plan below men­
tioned the rate is to be scaled to 4 *2 per cent. (V. 66, p. 135.) Sold
Oot. 6,1898, to Thomas A. Thaeher, representing the reorganization
committee, and to be reorganized per the plan^ below. V. 67, p 737.
B ondholders’ Committee .—Chairman, G. A. Fletcher; H. L. Davis,
C Tower, Jr., k . M. Jannev, J. W. Hamer, H. Herbert Pigott, Arthur
Brock, H. O. Seixas, John Sailer, Wm. H. Jenks, Joseph Moore, Jr.
P lan .—The plan was in V. 66, p. 574 (see also V. 67, p. 789) and
provides for foreclosure and new securities shown in able above. Of
the new first 5s $650,000 will be issuable at once for assessments, line
to Springfield, etc., and $600,000 will be reserved for improveme nts.
The old securities w ill be exchanged as follows:
Pref.
Oom.
I f p a y ' g F o r assess.
G en .
stock.
stock.
Old securities. Par. a s s e s , o f n e w 1s t M . m o r t .
$84
$1,000 00 $100 00 *$372 14
1st mort. 4 s... $1,000 $34
85 50 85 50
1,04333 *100 00 *372 14
1st mort. 4-5s. 1,000
86 50 86 50
1,07333 *100 00 *372 14
1st mort. 5s... 1,000
1,000 00 .......
........
100
100
Series “ A” — 1,000
333 33
........
80
80
..........
Series ” B” ___ 1,000
........
25 00
8
8
Pref. stock___
100
........
7 50
2 50
2 50
’ " ’.'.II’.
Com. stock....
100

Balance..........- ................. sr.$14,153 sur.$7,564 sr.$4,527df.$145,183
—(V. 65, p. 572; V. 66, p. 385, 4 6 8 .)
P h ila d e lp h ia Sc F r a n k fo rd R R .—Owns from Crescentville to
Frankford, Pa., 2'6 miles. Lease not assumed by Phila. & Reading Ry.
Of the $500,000 stock $498,950 is owned by Reading Company and
deposited under its mortgage of 1896. Mortgage trustee is Guarantee
Trust & Safe Deposit Co., Philadelphia.
P h ila d e lp h ia G erm a n to w n Sc C hestnut H i ll R R . —In Phil­
adelphia from Germantown June., on Connecting Railway, to Chestnut
Hill, 7 miles; branches, 7 miles. From May 1,1883, leasod for 30 years
to the Pennsylvania Railroad Co., which guarantees principal and
interest on the bonds, and Jan. 1, 1898, owned $1,262,750 of the
$1 263,000 outstanding stock and all the $263,000 outstanding bonds.
Authorized stock $2,000,000 (par, $50). Of the consol, mortgage for
$2 000,000, $1,000,000 reserved to retire firsts of 1883. Interest free
o f all taxes. Gross earnings in 1895, $164,267; net, $13,196, interest
on bonds, $54,863, other charges, $7,213. (V. 59, p. 880.)
P h ila d e lp h ia G erm a n to w n Sc N orristow n R R . —Phila.,
Pa to Norristown and Germantown, Pa., 20*2 miles; seoond traok,
20 miles; total traok, 80 m.; Plymouth RR., 9 miles. Leased November
10 1870, to Philadelphia & Reading Railroad for 999 years at a rental
o f ’$269,623 and $8,000 yearly for organization expenses. Dividends

»Also to receive, if paying assessment-, pro rata share in new stock originally
reserved for old securities that have failed to pay assessment. See V. «7, p. 789
Depositary, Fidelity Ins., Trust & Safe Deposit Co., Philadelphia. A
syndicate has underwritten the plan, which was declared operative in
May, 1898. (V. 66, d. 761, 811. 901.)
The fixed charges of reorganized company will aggregate $147,500.
Present annual net earnings, $200,000; estimated surplus, $52,500.
This includes interest upon the cost of the Springfield line, but without
allowance for any increased revenue therefrom.—Y. 66, p. 761.
Stock —Common is $4,600,000; preferred, $2,000,000.
Bonds .—Both old mortgages (Guarantee Trust & Safe Deposit Co.,
Phila., trustee) cover $1,390,000 Hartford & Conn. Western stock, etc.
L atest Earnings—2m os., > 1898.....Gross, $105,308; net, $32,431
July 1 to Aug. 31.
a 1897... .Gross, 115,306; net, 45,659
For years ending June 30 earnings have been as follows:
Year to June 30—
Gross.
Net.
Charges.*
Balance.
1897-8
$681,611 $213,529 $135,896 sur.$77,633
1896-7..........
647,475
195,178
141,044 sur. 54,134
1895-6111111.1.................. 746,569
200,674
140,544 sur. 60,130
* Note .—Charges do not include any bond interest.
—(Y. 67. p. 75, 737, 789.




O ctober , 1898.)




RAILROAD STOCKS AND

BONDS.

lid

116

INVESTORS’

SUPPLEMENT,

[ V o l . LXVII.

Subscribers w i l l con fer a great fa v or by g iv in g im m e d ia te notice o f an y error discovered in these T a bles.
B o n d s — Prin o 1
RAILROADS.
INTEREST OR DIVIDENDS.
Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
Par
Of
When
Outstanding Rato per Payable Where Payable, and by S to c k s —Last
on first page of tables.
Road. Bonds Value.
Cent.
Whom.
Dividend.
P h i l a . A T r e n t o n — Stock 10 p. c. rental, Penn
P h i l a d e l p h i a W ilm in g t o n & B a l t i m o r e — S t o c k

R R ..
27
........
....
Plain bonds, s. fund $16,000 yearly, not drawn., r . . . .
Plain bonds, s. fund $20,000 yearly, not drawn, .r . . . .
Plain bonds.................................................................. . . . .
Plain bonds................................................................ t . . . .
Plain bonds, gold...........................................
r ....
Plain bonds, gold....................................
....
P ie d m o n t A C u m b e r la n d — Stock.........................'
1st mortgage, gold......................................... ."".".’o
”29
Pine C r e e k — 1st M., guar. prin. and interest*(end.)r
75
P i t t s b u r g B e s s e m e r A L . B . — Stock, $10,000,000
Pittsb. Shen. & Lake Erie, 1st mort., gold
o* 134
Consol. 1st mortgage, for $4,800,000, gold c* 151
Pittsb. B. & L. E., consol. M., $10,000,000, g..c* 193
Bessemer equipment trust, $600,000, g old .liiP i . . . .
Conneaut equipment trust, $500,000, g o ld .F P i . . . .
P M 8 b u r g O h a r t ie r 8 A Y o u g h ’ y — Stock, $1,000,000..
1st mortgage..............................................................
Té
Wen. M. $1,000,000, gold, gu. p.&i. (end.) See text.
16
P i t t s b u r g C i n c i n n a t i C h ic a g o A SI. L o u i s —Pref. st’k 1,090
f Col. & Ind. Cent. 1st M. (Colum. to Ind. & br.). o* 208
< Col. & Indianapolis Central 2d mortgage.......o* 208
I Union & Logansp’t 1st M.(U’n City to Logans. )o*
93
Chic. St. L. & Pitts, cons. M. ($22,000,000) g.. .c&r 580
Jeft’nville, Mad. & In. 1st M. (s. f. drawn at 110) .c 222
2d mort., Jeffersonv., Ky., to Indianap. & br’h.e 222
<Steub. & Ind., 1st mortgage, extended in 1884.r 116
I Pitts. C. & St. L., 1st consol, mortgage.......... c&r 216

1875
1880
1887
1887
1891
1892
1886
1885
1890
1893
1897
1897
1898
1882
1892
1864
1864
1865
1883
1866
1870
1864
1868

$100
See text.
10
Q - J. Phila., Company’s Office O ct., ’98,213%,
50 $11,819,350 7 in 1898 J. & J. Phila., Broad St. Stat’n July 3 ,’98,3%
1,000
800,000
6
A. A O. Phil. Of. ;Bost.,Kid. Peab Apr. 1, 1900
1,000
1,000,000
5
J. & D.
do
do
June 1, 1910
1,000
1,000,000
4
A. & O.
do
do
Apr. 1, 1917
1,000
1,000,000
4
M. <r N. Phila., Broad St. Stat’n Nov. 1, 1922
S
,
1,000
930,000
4 g. J. « c J.
S
do
do
Jan. 1, 1926
1,000
1,000,000
S
do
do
Oct. 1, 1932
4 g. A. « s O.
50
650,000 2 in 1898 March
Mch.15,’98,2%
1,000
650,000
5 g. F. « ì A. Baltim.,Hambleton&Co Aug. 1, 1911
S
1,000
3,500,000
6
J. « ì D. N. Y. Gd. Cent. Station. Deo. 1, 1932
S
50 10,000,000
1,000
3,000,000
S
5 g. A. « ì O. N. Y. Central Trust Co. Oct. 1, 1940
1,000
701,000
5 g. J. « ì J.
S
do
do
July 1, 1943
1,000
6,199,000
S
5 g- J. « ì J. N. Y., U. S. Trust Co. Jan. 1, 1947
1,000
600,000
6
J. & J. Un. Trust <’o., Pittsb’g. 18^9 to 1906
1,000
500,000
6
M. & 8. Fid. Tit. & Tr., Pittsb’ g. 1900 to 1908
50
700,000 11 in ’96
Feb. 15,’98,4%
500 «fee.
320,000
6
F. & A.
Pittsburg, Office.
Feb. 1, 1902
1,000
349,000
S
do
do
Apr. 1, 1932
4 g. A. « ì O.
100 22,674,426
Jan. 27,1896
1,000
2,631,000
7
J. «ì, J. N. Y., Union Trust Co. Nov., 1904
S
1,000
780,000
7
M. « ì N.
S
do
do
Nov., 1904
1,000
715,000
A. < O.
fe
7
do
do
Deo., 1905
1,000
1,506,000
do
do
A. « ì O.
S
Oct. 1, 1932
5 g1,000
1,654,000
7
A. «S o. N.Y.,Farmers’ L’n & Tr. Oct. 1, 1906
i
1,000
1,995,000
do
do
7
,T «S J.
. i
July 1, 1910
1,000
3,000,000
5
J. <e J. N. Y.. Nat’l Citv Bank. Jan. 1, 1914
f
1,000
6,863,000
7
F. < A.^Phila., Broad St.Station Aug. 1,1900
fe

P h ila d elp h ia Sc T ren to n I t I I .—
-Phila. (Kensington), Pa., to
Morrisville, Pa., 23 miles, mostly four-tracked, and branch 3 miles. On
Deo. 1,1871, 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 balance being owned by the United RR. of N. J.
P h iladelph ia W ilm in g t o n Sc B a ltim o re B R . —( S e e M ap
P e n n . R R .) — Operates from Philadelphia to Washington, D. C., and from
Wilmington, Del., to Delmar, Del., with branches as follow s:
L in e s o w n ed —
M ile s . Delaware RR.f[...........................117
Philadelphia to Baltimore....... 95 DelawareMd. & V a .if ......___ 98
(all double track.)
Baltimore & Potomac 1)............ 97
Branches to Delaware City, etc. 22 other lines (6).............................160
L i n e s c o n t r o l l e d , le a s e d , e t c .—
Philadelphia & Balt. CentralIf. 80
Total (IT see this com pany)...669
Or g a n iza tion .— Penn. RR. owns $10,890,950 stock (mostly pur­
chased in 1881),and controls the operation. The P. W. & B. owns
stock in the Cambridge & Seaford, Columbia & Port Deposit, Junction
RR., Queen Anne’s & Kent, South Chester & Un. RR. o f Baltimore, etc.
D iv id e n d s . $ 1868-87 ’ 88 ’89 ’90 ’91 ’92 ’93 ’94 ’ 95 ’96 ’97 ’98
Percent. ( 8 yearly. 7 7 6 6 7 7 1 7 6 ^ 7 7 7
2
In 1898, Jan., 4 p. e.; July, 3 p. c.
B onds .—All to be secured by any future mortgage. See description
on page 4, S u pplem ent of April, 1895. Mortgages and ground rents
Nov. 1,1897, $164,002.
E arnings —10 months, S1898. ..Gross, $8,060,050; net, $2,140,852
Nov. 1 to Aug. 31.
)1 8 9 7 ...Gross, 7,370,450; net, 1.878,152
A nnual R e p o r t .—Year ends Oct. 31. Report for 1396-97 was given
In V. 66, p. 232, showing: gross, $8,791,436; net, $2,387,231;
other income, $459,460; interest, taxes, rentals, etc., $1,745,733; divi­
dends, $827,354; bal., surplus for year, $273,604. In 1895-96, gross,
$9,047,131; net, $2,353,123; other income, $550,927. In 1894-95
ross, $9,142,532; net, $2,615,642. In 1893-94 gross, $8,695,959; net,
2,346,627.—(V. 62, p. 139, 229; V. 64, p. 17 8 .1 0 0 0 ; Y. 66, p. 233.)
P ied m on t Sc C um berland B y . —Road from Piedmont, West
Va., to Cumberland, Md., 29 miles. In February, 1894, the road was
leased to the West Virginia Cent. & Pittsb. RR. till Aug. 1,1911, for 37
per cent of gross earns. Penn. RR. Co. on Dec. 31, 1897, owned
$200.000 of the $650,000 stock—par $50—and also $100,000 bonds.
First div., 5 p. o., paid in Maich, 1894; In 1895, March, 6 p. c.; in
1896, Feb., 6 p. c.; in 1897, March, 2*2 per cent; in 1898, March, 2 p. o.
For year 1894-95 profit to lessee, $20,289; in 1895-96, $10.633; in
1896-97, $5,159.
Pine Creek B y .—Owns Stokesdale Junction, on the Fall Brook
Road, to Newberry Junouon, Pa., 75 miles. Or g a n iz a tio n .—N. Y.
Central controls the capital stock and the road is leased to the Fall
Brook Railway Co., forming a connection between the Central and
the Philadelphia & Reading. The 1st mortgage is guaranteed by
the Central, the Reading and the Coming Cowanesque & Antrim
(now Fall Brook Ry. Co.) jointly and severally. Bee form of guarantv.
V. 56, p. 650. Stock, $1,000,000 (par,$50), of which July 1,1896. N Y
Central owned $999,000.
’
E arnings .—Year ends June 30. In 1895-6 rental (30 p. c. of gross}
was $298,265. (V. 59, p. 376.)
*
'
P ittsb u rg A k ro n & W e ste rn .—8 ee N o rth ern O h io R t .
P ittsb u rg B essem er Sc L a k e B rie B R , - ( S e e M a p .) — Owns
line completed in August, 1897, from Bessemer, near Pittsburg
Pa., to Conneaut Harbor on Lake Erie, and Wallace Junction, Pa 163
miles; terminal in Erie, etc., Pa., 2 miles; branches, 28 miles; leases
Meadville Conneaut Lake & LinesvilleRR., Linesville to Meadville 23
miles; trackage, N. Y. Chic. & St. L., to Erie, 12 miles; total, 228 miles.
Or g a n iz a t io n , E tc .—A consolidation Jan. 14,1897, of the Pittsburg
Shenango & Lake Erie and the Butler & Pittsburg (organized to build
the 42 miles from Butler to Pittsburg), whose stocks were exchanged
dollar for dollar for the stock of the new company ($2,400,000 new
consols being also given in part consideration for Butler & Pittsburg
stock). Will carry iron ore south and coal north, its contracts with
the Carnegie Steel Works and others, it is said, insuring it a tonnage
of 4,000,000 tons annually. Rails 100 pounds, maximum grades 30
feet. See further particulars V. 63, p. 1159; v. 65, p. 152.
The United States & Ontario Steam Navigation Co. organized by
the P. S. & L. E. runs boats for coal transfer, etc., between Conneaut
and Port Dover, Can., 60 miles. See V. 60, p. 872, V. 61, p. 241,795.
Stock .—Capital stock is $10,000,000; par $50.
B onds.—The old first mortgage of $3,000,000 covers the line from
Butler to Wallace Junction, 106 miles, and branches 28 miles.
The P. B. & L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.), covering all the railroad, property, rights and
franchises of the consolidated company, including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the new
bonds $4,800,000 will be reserved to retire at or before maturity a like
amount of bonds outstanding on the Pittsburg Shenango & Lake Erie
and $2,400,000, with interest accruing from August 1, 1897, will be
issued in part payment to the stockholders of the Butler & Pittsburg.
The remainder of the new loan will be applicable to the “ corporate
purposes” of the new company. Car trusts April 1,1898, $1,270,415.
Conneaut gold equipment trust 6s mature $50,000 yearly on March 1

f




from 1900 to 1903, and $60,000 yearly from 1904 to 1908, inclusive.
Bessemer equipment 6s $75,000 yearly on July 1 from 1899 to 1906,
inclusive.
E arnings.—Jan. 1 to Oct. 7, lSO ^O ^ mos.),gross,$1,018,127, against
$449,849 in 1897. Jan. 1 to Dec. 31 (12 mos.), gross, $642,593 in 1897,
$639,512 in 1896. Of old company (on 187 miles) for year end. June 30,
1896, gross, $658,079; net, $189,739 ; other income, $1,745; cfiarges,
$172,749; balance, surplus, $18,735. Chairman of the Board, Col.
S. B. Dick, Meadville. Pa. (V. 66, p. 428.)
P ittsbu rg Chartiers Sc Ifo u g h lo g n y B y ,—Owns from Chartiers to Beechmont, 16 m. ; trackage (Chartiers Ry.), 1 m .; 17 miles in
all. Stock authorized, $1,000,000; par, $50; outstanding, $700,000,
owned jointly by guarantors mentioned below. D ividknds —In 1895
4 per cent; in 1896,11 p ercen t; in 1897, none; in 1898, Feb. 15, 4
per cent. Of the 4 per cents issued, or to be issued, one-half are to be
endorsed with the guaranty of the Pittsburg Cincinnati Chicago & St.
Louis, the other half with the guaranty of the Pittsburg & Lake Erie.
See guaranty, V. 56, p. 650. They are not subject to call. E arnings
in year ending Deo. 31, 1897, gross, $159,774; net, $69,873. In
1896 gross, $197,849 ; net $101,354.
Pittsburg C incinnati Chicago Sc St. L o u is B y .—(S e e M a p .)
The system, clearly seen on adjoining map, includes:
L in e s o w n ed .
M ile s .
L i n e s l e a s 'd (IfSee these co’s.) M i l e s Pittsburg,Pa., to Chicago,111. 504 ITChartiers...............................
23
Rendcomb Jc. to Anoka J o ... 166 ITLittle Miami........................ 192
Bradford Jo. to Indianapolis. 104 Cincinnati Street Con. R y ...
3
Indianapolis to Jeffersonville 108 Pitts. Wheeling & K y............
28
Branches............................... 208
Eng. Connecting Ry. in Chic.
2
Other lines...............................
5
Total ow ned........................ 1,090
L e a s e d j o i n t l y w i t h T . H . A 1.
T ra cka ge—
ITSt. Louis Vandalia & T. H ... 158
Indianapolis to Kokomo.......
55
Louisville Bridge, etc.............
5
Total of all Jan. 1,189 8 ...1 ,5 61
Organization, &c.—Formed in 1890 by consolidation (per terms in V.
50, p. 875) of Chicago St. Louis & Pittsburg, Jeffersonville Madison &
Indianapolis, Cincinnati & Richmond and Pittsburg Cin. & St. L. Con­
trolled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock.
Capital Stock.—The stock authorized is: Common, $45,000,000;
preferred, $30,000,000; par, $100. Outstanding May 31, 1898. com
mon, $24,501,311; preferred, $25,539,300. Stock listed to May 31,
1898, common, $24,347,100; preferred, $22,649,200.
The preferred stock is “ non-cumulative and entitled to a dividend
of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
common to an additional 1 per cent, making 5 per cent in all.”
After 5 per cent on both common and preferred, the two share pro rata.
D ividends .— ) 1891. 1892 to A p r .,’94.
Jan., 1896. None
On pref. p. c.— ) 3
4 yearly.
2 (for ’95.) since.
Stock op Old Companies unexchanged May 3 1 ,18 9 8 : Pittsb. Cin
< St. L. common, $31,500, Chic. St. Louis & Pittsb., common, $473,
fe
317, and preferred, $11,752; Steubenville & Indiana, common, $85,945,
and preferred, $2,950; Jeff. M. & I. $5,400.
B onds.—The c o n s o l i d a t e d m o r t g a g e for $75,000,000 (Farmers’ Loan
& Trust Co. of N.Y. and W.N. Jackson, trustees,) covers the entire p rop­
erty. Sufficient consols are reserved for the purpose of retiring all sec­
tional bonds at maturity, at which time they must be paid off. The
remainder are issuable for improvements, additions etc. They are
guaranteed unconditionally as to principal and interest by the Penn­
sylvania Company, in accordance with the vote of its Board of Direct­
ors, and are so endorsed. The four series are all equally secured. See
adv. Chronicle May 21,1892, and guaranty, V. 56, p. 604. In addition
to bonds given outstanding in table above, the sinking funds held May
31,1898, J. M. & Ind. first 7s for $1,064,000 and P. O. C. < St. L. series
*
D for $137,000 and $225,000 1st 7s have since been drawn, interest
ceasing Nov. 4. V. 67, p. 736.
G eneral F inances.—There are 4 per cent car trusts for $61,280
due at various dates. In November, 1895, series “ D ” bonds for
$8,000,000 were created and series “ C” bonds for $4,818,000, previously
reported outstanding, were canoeled. Series “ D ” bonds for $4,863,000
had been listed on N. Y. Stock Exchange to Apr., 1898.—Y. 63, p. 1064.
L atest E arnings .—For 9 months ending Sept. 30:
9 m o n th s .
C ross.
N e t.
C h a rges.
B a la n ce.
$3,155,886
$2,465,928
$689,958
1898......... ..$11,684,770
1897............. 10,736,021
3 324,64 L
2,297,390
1,027,251
A nnual R eport .—Fiscal year ends Deo. 31. Report for 1897 was
given in full in V. 66, p. 756, 762; see also editorial, p. 735.
Y e a r e n d i n g D e c . 31.
1897.
1896
1895.
Miles operated (system proper)
1,151
1,151
1,151
Gross earnings...........................$15,144,484 $14,370,362 $15,439,706
Operating expenses................. 10,284,695
10,588,979
11,248,545
Net earnings......................... $4,859,589
Net revenue of other roads___
$768,660
Miscellaneous............................
25,171
Total net ear

. . . . $5,653,421

$3,781,383
$734,483
68,667

$4,191,161
$783,032
43,665

$4.584.533

$5,017,858

It*
BONDS.
STOCKS AN D
EATLROAD
October , 1898.]




118

INVESTOBS’

SUFFLEMEtfT.

[V ol . L X V II.

Subscribers w ill con fer a great fa v or by g iv in g Im m ediate notice o f any error discovered In these T a b les.
B o n d s —Prinei
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by S to c k s —Last
For explanation of column headings, &c., see notes of
of
Whom.
Dividend.
on first page of tables.
Cent. Payable
Road. Bonds Value.
P i t t s b u r g O in . O h ic. dt St. L . —( C o n . ) —

( “ A,” g.c*
Con. M., $75,000,000, gold, guar. p.&i. J “ B,” g.c* 1,090
(end.) by Pennsylvania Company. . . ) “ C,” g.o*
t “ D,” g.c*
77
P itts b . O leve. ¿ T o l e d o —1stM.,gold,int. guar. B.&O..
_
_
1st consol. M., $4,000,000, gold, int., guar.......c*
Piits b .F t. W a y n e d t O .—Gen. stk., 7 p. o. guar. Pa. RR. 470
470
Guaranteed special imp. stock, 7 p. c. guar, by end
1st mortgage, series A to F ) Sink, fund, cumula-) 468
468
2d
do
seriesGto M 5 tive, not drawn.0* 5
3d mortgage................................................................ 468
....
P itts b u r g J u n c t i o n —Stock, common..........................
Preferred ($480,000), 7 per cent, cumulative.......
1st mortgage, $1,640,000 gold.............................o*
7
2d mortgage, for $500,000, g o ld ......................... 0* ___
Pitts. June. Terminal 1st M., gold, guar. p. & i . .. ___
. __
P itts b u r g dt L a k e E r i e —Stock.....................................
1st mortgage, gold................................................... o
71
2d mortgage, gold, Series A. & B .......................... c
71
___
P itts b u r g M c K . dt Y o u g h . —Stock guar., see text.......
1st mortgage, guar, by P. & L. E. and L. S. & M. S.o
57
2d M., gu.p.&i. (end.) by P. &L. E. and L. S. &M. S.c
57
McKeesport & Belle Vernon, 1st M., gold, assumed
28
P itts . O h io V a l. dt O in . —1st M. gold, s. f. not dm.o*
15
P itts b . P a t n e s v i l l e dt F a i r p o r t —1st M., gold, int. gu. o*
63
Terminal mort., interest guar, by Pittsb. & West.
P i t t s b u r g S h e n a n g o dt L . E . —See P ittsburg B esse M
ER &
P itts b u r g V i r g i n i a dt C h a r le s to n —Stock ($6,000,000)
77
Cons. M., gy s. f., not dr’n, series A ,...........G F eK
77
P itts b u r g dt W e s te r n — Reo’rs ctfs. June 1, '9 8 ..........
1st m., ext. in gold, Pittsburg Newcastle & L. E..
30
Old Pittsburg & Western 1st mortgage.......... .. .
45
1st (consol.) mortgage for $10,000,000, gold....c* 210
1897.
Interest on bonds....................... $2,534,752
Rentals paid...........................
1,040,908
Car trusts (including interest).
34,052
St. L. V. & T. H. 67 of loss.......
117,271
Miscellaneous.............................
*609,468
K. & H. Bridge suit, eto...........
............

1896.
$2,507,977
1,160,189
34,159
197,738
255,320

1 1890 $1,000 $10,000,000
4 1 g. A. & O. N.Y.,Farmers’ L’n & Tr. Oct. 1, 1940
«
Apr. 1, 1942
do
do
11892 1,000 10,000,000
4 ^ g. A. & O.
Nov. 1, 1942
do
do
11892 1,000
2,000,000
4*3 g. M. & N.
Nov. 1, 1945
do
do
J 1895 1,000
M. & N.
5,863,000
4 g1882
1,000
2,400,000
6 g. A. & O. N. Y., Cent. Trust Co. Oct. 1, 1922
Aug. 1, 1945
1895
1,000
Pledged. • 413 g. F. & A.
100 19,714,286
7
Q —J. N. Y., Winslow, L. & Co. Oct.,’9 8 ,1%%
Oct.,’98,1%%
do
do
1871
100 19,496,300
7
Q .-J .
July 1, 1912
1862 500 &o.
do
do
Various
5,250,000
7
July 1, Ì912
1862 500 &o.
do
do
Various
5,160,000
7
July 1. 1912
do
do
1862 500 &c.
A. & O.
2,000,000
7
Sep. 1,’98,1%%
50
960,000 3 in 1898 M. A S.
Oct., ’98, 7%
October
50
480,000
7
1882
1,000
1,440,000
6 g. J. & J. N.Y.,N.City Bk. & Pitts. July 1, 1922
do
do
July 1. 1922
1894
1,000
J. & J.
300,000
5 g.
Pittsburg.
Oct. 1, 1907
500,000
5 g. A. A O.
50
4,000,000 10 in ’98 F. & A. Pittsburg, Co.’s Office. Aug. 1, ’98,5%
Jan. 1, 1928
do
do
1878
1,000
2,000,000
6 g. J. & J.
1889
1,000
2,000,000
5 g. A. & O. N. Y., Security & Tr. Co. Jan. 1, J928
1884
50
J. & J. N. Y., Union Trust Co. July, ’98, 3%
6
3.959,650
July 1, 1932
1882
do
do
1,000
J. & J.
2,250,000
6
July 1, 1934
1884
do
do
1,000
J. & J.
900,000
6
Pittsb’g, Fidelity Tr.Co. July 1, 1918
1888
1,000
600,000
6 g. J. & J.
Oct. 1,1920
1890
1,000
290,000
5 g. A. & O. Phila., Broad St. Sta
1886
1,000
1,000,000
6 g. J. & J. N. Y., Mercantile Tr. Co. July 1, 1916
July, 1916
do
do
1889
1,000
J. & J.
5
250,000
L ake E rie .
50
3,770,700 5 in 1898 M. & N. Philadelphia Office. Nov. 1 ,' 98,213
Apr. 1, 1925
do
do
1895
1,000
3,431,000
413 g. A. & O.
1,082,800
5A6
1878 100 &o.
219,000
4 g. J. & D. Allegheny,Pa.,IstN.Bk. June 1, 1917
1880 500 &c.
A. & O. N. Y., J. P. Morgan & Co. Oct. 15,1900
81,000
6
do
do
July 1, 1918
1887
1,000
9,700,000
4 g. J. & J.
1895.
$2,522,130
1,161,913
36,460
222,085
52,375
284,525

Balance, surplus........................ $1,316,969
$429,150
$738,370
None. (2%) $452,716
Dividends on preferred.............
............
* Includes expenses in elevating tracks at Cbioago, eto.
—(V. 65, p. 824; V. 66, p. 7 5 6 , 7 6 2 ; V. 67, p. 737.)
P it t s b u r g C le v e la n d . Sc T o l e d o R R . —FromNewcastle Junction,
Pa., to Akron, O., 77 miles. Stock, $3,000,000 (par $50), of which Balt.
& Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to
Pittsburg & Western. V. 39, p. 607. Description o f mortgage, eto.
. 7 Supplement of April, 1896.) Interest on the 1st consol, mortgage
_i3S
l is guaranteed by endorsement by the Pittsburg & Western and the
Baltimore & Ohio; mortgage trustee is Mercantile Trust Co., N. Y_
E arnings.—Year 1897-98, gross, $1,048,302; net,$337,615; interest,
taxes, etc., $234,927; balance, snrplus, due lessor, $102,688. In
1896-97, gross, $755,231; net, $259,976; in 1898. Jan. 1 to Oct. 14,
gross, (913 months), $842,157; $680,574 in 1897. (V. 63, p. 1 1 1 1 ; V.
65, p. 1 1 6 9 .)
P it t s b u r g Sc E a s t e r n B R . - I n October, 1897, com plete! and
opened from Mehaffey, Pa., on Beech Creek RR., to Fuller Run, 11
miles, on din Oct., 1898, it was reported that construotiou was about
to be resumed from Fuller Run to West Newton, making a total of 115
miles. The road is projected to enter Pittsburg over the Pittsburg
McKeesport & Youghiogheny RR., total about 150 miles. Capital
stock authorized is $5,000,000; par $50. Road is being built with cash,
from stock, which is being sued as required. November 16, 1896, to
June 30, 1897, gross, $15,252; net, $6,558; total deductions, $4,904;
balance, surplus, $1,654. President, C. O. Watt; Treasurer, L. V.
Biggs; office, Land Title Building, Philadelphia. See V. 60, p. 1010;
V. 61, p. 153.
P it t s b u r g F o r t W a y n e Sc C h ic a g o R y . — (S ee M a p P en n . R R . ) —
R oad .—Owns from Pittsburg, Pa., to Chicago, 111., and br., 470 miles.
Double track, 271 miles, of which part was built in 1893.
L ease , &c.—Foreclosed Oct. 24, 1861, and reorganized. From July
1, 1869, leased in perpetuity to the Penn. RR.; rental pays in­
terest, sinking fund of debt and 7 per cent on stock. The lessee keeps
road in repair and pay taxes and expenses.
Capital Stock .—The special Improvement stock is issued to Penn­
sylvania RR. for improvements, &o., under article 16 of lease, which
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 subject to the general or prior stock and “ to the
rights of 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.” Sinoe Jan. 1, 1891, guaranteed special stock has
been issued for betterments; in 1892, $2,107,820; in 1893, $1,916,253;
in 1894, $1,916,200; In 1897 (July), $283,691.
B onds.—The first mortgage is in series of $875,000 each and second
mortgage of $860,000. Of the above 1st mortgage bonds, $3,408,843
and of the second mortgage $3,744,692, and $2,845,179 cash, were held
In the sinking funds Jan. 1,1898.
A nnual R eport .—Report for year ending Deo. 31,1897, was in V.
67, p. 25, showing loss to lessee, $229,911; loss in 1896, $587,097;
lo ss In 1895, $57,743.—(V. 65, p. 2 5 , 112; V. 66, p, 1141; V. 6 7 ,p. 2S|
P it t s b u r g . f u n c t i o n B R . —Owns 6» 0 miles of tracks at Pitts­
burg, Penn., connecting the Baltimore & Ohio and the Pittsburg
& Western, which companies in 1882 agreed to pay the Pittsburg
Junction $2 for each oar passing over its road, but charge reduced to
$1*50 per car when the company’ s gross earnings amount to $270,000
and to $1 per car when gross reaches $300,000 in any one year. See Bal­
timore & Ohio statement for terms offered this company’ s securities
in reorganization of 1898; also see V. 67, p. 688, 788.
In 1897-98, gross, $392,401; net, $207,711; int. and taxes, $125,899;
sur., $81,811. In 1896-7, gross, $352,769; net, $208,990. Dividends
of 7 per cent are paid on preferred; on common in 1895, 4 p. 0 ; in
1896, 3*3 p. 0.; in 1897, 3; in 1898, 3 p. c. (V. 67, p. 688, 788.)
P it t s b u r g Sc L a k e E r ie R R . —Owns from Pittsburg, Pa., to
Youngstown, O., 68 miles; branch lines to Newcastle, Pa., 3 miles; total
owned, 71 miles (of which 66 double track); leases Pitts. McKeesport &
Yough. (which see), 100 miles; Mahoning State Line RR., 3 miles, and
Beaver & Ellwood RR., 3 m iles; total operated, 177 miles. Owns
$139,850 stock of Pitts. Chartiers & Yough. P. & L. E. is operated in
interest of L. S. & Mioh. So., which owns $2,675,696 of stock. Real
estate mort. Deo. 31,1897, $220,500.
D ividends .— $ 1884-’91. ’ 92. ’ 93. ’ 94. ’95. ’ 96. ’ 97.
’ 98.
Per cent. ( 6 yearly.
8
10
10
10
10
10
10
A nnual R eport .—For year ending Dec. 31, 1897, gross, $4,666,686
net, $1,441,993; other income, $15,920; interest, $220,000; rental
$470,011; interest on real estate mortgages, $14,871 ; dividend (10
p. 0.), $400,000; bal., surplus, $358,031. In 1896, gross, $4,501,421;
met, $1,384,081.—(V. 64, p. 2 3 0 ; V. 66, p. 7 0 8 .)




P it t s b u r g M c K e e s p o r t Sc Y o u g lilo g iv e n y R R . —Owns from
Pitts, to N. Haven. Pa., 57 m.; McKeesport to Fayette City, Pa., 31 m.;
branches, 11 m.; leases 2 m.; Dec. 31,1897, total, 100 miles, o f which
20 miles double track.
L ease .—Leased to Pittsburg & Lake Erie RR. for 999 years. Rental
is 6 per cent on the stock, principal and interest of the Pittsburg MoK.
& Yough. bonds being guaranteed by Pittsburg & Lake Erie ana Lake
Shore & Michigan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stock is on the
sxpress condition that the holder shall accept par for the same on July
1, 1934. See wording of guaranty in V. 56, p. 774. Stock authorized,
$4,000,000; first mtge. bonds authorized, $2,250,000; 2d mtge. bonds
authorized, $1,750,000. Profit to lessee in 1897, $1,236, of whioh
one-half was payable to the Lake Shore < Michigan Southern.
fe
P it t s b u r g O k to V a lle y Sc C in c i n n a t i R R . —Owns road Bellaire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company in connection with Cleveland & Pittsburg since Deo. 1,1892.
Stock, authorized, $1,500,000; outstanding, $290,000; par, $50. Trus­
tee of mortgage (for $1,500,000), Fidelity Ins., etc., Co. of Phila. Year
ending Deo. 31, 1897, gross, $3,738; def. under oper. exp., $5,509;
interest, $14,500; def. for year, $20,009.
P it t s b u r g P a ln e s v llle Sc F a i r p o r t R R . —Owns Fairport, O.
to Youngstown, etc., O., 53 miles. Operated at cost by Pittsburg & West­
ern, but interest of bonds is guaranteed. See description of mortgage,
etc., p. 7, Supplement of April, 1896. Common stock, $800,000; pre­
ferred, $250,000 (par, $100), of which in 1892 the Pittsburg & Western
purchased all the commou and $160,000 preferred. For year ending
June 30,1897, gross, $349,912; net, 66,588; int., taxes, etc., $84,695;
balance, deficit (due lessee), $18,108. In 1895 96, gross, $377.296;
net, $67,557. In 1894-95, gross, $370,181. In 1898, J a n .l to Mar.
31 (3 months), gross, $52,113; in 1897, $45,713. (V. 65, p. 1 1 6 9 .)
P it t s . S h e n a n g o Sc L a k e E r ie .—See P itts . B essemer &L. E r ie .
P it t s b u r g V ir g in ia Sc C h a r le s t o n B y . —From South Pittsburg,
Pa., to Brownsville, Ac., Pa., 77 miles.
Organization .—Operated by Pennsylvania RR., which owned Jan. 1,
1898, $3,381,850 stock, and all the consolidated mortgage bonds,
“ Series A ,” and pays net earnings as rental, the oonsol. bonds being
pledged under its “ collateral trust of 1883.”
D ividends .— > 1892. 1893. 1894. 1895. 1896. 1897.
1898.
Per cent. . . )
5
5
3
5
5
5
5
B onds.—In April, 1895, a consolidated mortgage for $6,000,000 was
issued to retire the $3,000,000 firsts of 1882 and pay for extension
from Brownsville, Pa., into West Virginia, and to fund floating debt.
E arnings.—Year ending Deo. 31,1897, gross, $1,605,270; net, $568,584; other income, $2,597; fixed charges, $188,583; dividends (5 p. 0.)
$188,522; balance, surplus, $194,075. In 1896, net, $1,382,987.
P it t s b u r g Sc W e s t e r n R y . —(Sec M a p o f B a l t , dt O h i o .) — R oad —
'
■"
L i n e s o w n e d i'n f 'e e —
M ile s . Elwood Short Line—
N. Sewiekley to Rook Point. 3
Allegheny, Pa., to N . Sewiokly. 46
L e a s e d a n d co n tr o lle d —
M ile s .
Rock Point, Pa., to New Castle 11
fe
Frisco to Crowthers.................. 6 Pitts. Cleve. < Toledo if.......... . 77
Pitts. Palnesvllle & Fairport f . 53
Callery June, to Butler............. 13
3-ft. gauge lines to Jewett, eto. 134
Total (IT see this co.)...............343
(Double track...............................23)
Organization , E tc.—In Feb., 1 8 9 1 , the Baltimore & Ohio bought
$6 ,5 1 5 ,0 0 0 common stook, and in May, 1 8 9 3 , began to use the road as
part of a through passenger route to Chicago. V. 6 5 , p. 9 8 3 ; V. 5 5 , p . 2 3 7 .
R eceivership .—On March 2. 1896, President Thomas M. King was
appointed reoeiver. Receiver’s certificates (1st series) for $500,000 is
subject to lien of first mort. 4s for $10,000,000. A s e c o n d s e r i e s of certifi­
cates for $400,000 were authorized in July, 1897, and made a lien
prior to the firsts. V. 65, p. 70. In June, 1898, the Ellwood Short
Line was purchased. V. 66, p. 1090, 1190.
2 nd M ort. Committteb .—In Oct., 1898, this committee, holding
$2.000,oOO bonds, effected a sale to Lake Erie & Western interests at ft.
price which will net certificate holders 72*3. V. 67, p 789, 843.
Stock .—Common, $8,500,000; preferred, $5,000,000, 5%non-oum.;
par, $50. Balt. &Ohio owned June 30,1897, $6,515,000 com, stook,
B onds.—For abstract of f i r s t m o r t g a g e (trustee, Mercantile Trust
Company) see V. 45, p. 439. Second mortgage for $3,500,000 is a first
lien on terminals at Youngstown, O. Of the $3,500,000 seconds given
as outstanding, $1,360,000 were unsold June 30,1897, but it is under­
stood they were pledged for loans. See description o f mortgages, eto.,
p. 7 S upplement of April, 1896.
Coupons.—Interest on 2d mortgage 5s due May 1, 1896, was not
paid. First (consol.) 4s, interest due July 1,1898, was paid.
G eneral F inances.—On June 30,1897, there were real estate mtges.
$311,375; bills payable, $2,128,080; ourrent liabilities, $971,919.
C o n t r a Advances to subsidiary roads, $1,062,743; materials, etc., on
hand, $115,526; current assets, $655,528. Interest is guaranteed on
$1,250,000 Pitts. Patnesville & Fairport bonds. Car trusts June 1,1898,
$445,900, including interest; receiver’s certificates, $472,800 bearing
6 per cent interest, and $610,000 bearing 5 percent; total, $1,08 ¿,800.
E arnings .—1 month, 5 1898................ Gross, $265,656; net, $72,675
July 1 to July 31.
(1 8 9 7 .. .1..........Gross, 277,667; net, 96,952

KAILBOAD

O ctober , 1898.]

STOCKS

AND

119

BONDS.

Subscribers w ill con fer a great fa v or by g iv in g im m ed ia te notice o f a n y error discovered in these T a b les
B o n d s —Princi
INTEREST OR DIVIDENDS.
pal, When Due
_________________ r a i l r o a d s ._________________ Miles
Date Size, or
Amount Rate per When Where Payable, and by S to c k s —Last
Par
of
For explanation of column headings, &c., see notes of
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
P i t t s b u r g < W e s te r n — ( C o n c l u d e d ) —
&

Receiver’s certs., follow 1st (cons.) M., $500,000
2d mortgage for $3,500,000, g o ld ......................c*
Foxburg Bridge Co. 1st M., guaranteed by P. & W
.
Ellwood Short Line, 1st M., gold, gu. by P. & W
.
P itts b . Y o u n g s l. dt A s h l a b .— C
om. stock, $2,000,000
Preferred stock, $2,000,000....................................
Ashtabula & Pittsb. 1st M., Y ’ngst’n to Asht.o*&r
Consol, mort. (for $4,000,000) s. f. 1 p.c., not dr.e*
P o n t i a c O x f o r d < N o r t h e r n —IstM ., g., $400,000.c*
&
P t. J e r v i s M o n tic e llo dt N . Y . —1st M.,($225,000) gold
1st consol, mortgage, ($75,000) gold....................
P o r t l a n d dt R o c h e s t e r — S
tock, $600,000..................
Terminal bonds (no mtge.), int. guar. B. & M— c
P o r t l a n d dt R u m f o r d F a l l s . —Stock............................
Consol., now 1st, mort., $1,000,000, g old ..O B .c
Plain bonds, sinking fund, gold, $350,000........ c
P o r t l a n d S a c o dt P o r t s m o u th — Stock (guar, by rental)
P o r t R e a d i n g .— 1st M., g.,guar. by old P.&K....c*&r
P o r t s m o u th dt D o v e r —Stock, 6 p. c. guar. East. Mass.
P o tty m a c Y a lle y — 1st M.$2,000,000, g ,g u M e B a o*&r
P r o s p . P k .d tO .
2dM. nowlsti$160,000are6s)o*&r
3d mort., now 2d, gold ($104,000 are 6s).......o*&r
Income bonds, non-cum......................................... P r o v i d e n c e dt S p r i n g f i e l d —1st M. gold...................c
P r o v i d e n c e dt W o r c e s te r —Stock (10 per cent rental).
1st mortgage, currency, $1,500,000...................o*
Q u e e n A n n e 's .— 1st M. $12,000 per mile (i)............
Q. O. dt K . C . R R .— 1st mort., gold, red. at par...o*
Guar. Tr. ctfs. o f dep. for old 1st M. non-pref. 5s.
Q u i n c y R R . B r i d g e C o .— Stock, 10 per cent rental.

$500,000
Var. $100&c.
3.500.000
1,000
1891
100,000
1882
300.000
1,000
3 1890
1,333,342
50
125
1.700.000
50
125
1.500.000
1,000
62 1878
1.562.000
1,000
125 1887
300.000
100 1896 1,000
225.000
1894 100 & o
None 1897.
1896
592,070
100
113,500
500
1892
1, 000,000
100
1 ,000,000
1.000
64 1896
350.000
1897 500 Ac.
1.500.000
100
'*51
1.500.000
20 1891 1,000
769.000
100
11
1.100.000
1,000
15 1891
500.000
10 1886 1,000
200.000
1,000
10 1891
250.000
750.000
1,000
*80 1892
3.500.000
100
51
1.500.000
1,000
51 1897
Ï34
134

1897

1,000
1,000
100

R eport .—Fiscal year ends June 30. Report for 1896-97 was given
in V 65 p. 1169, showing earnings as folio ws, including leased lines:
l o J u n e 30—
G ross.
N e t.
I n t . dt ta x e s .
B a la n ce.
............... - $3,221,406
$969,415
---------1897-98
1896-97......1 " " . . . $2,768,507
956,084
1,002,370 def.$46,286
1895-96.................... 3,091,302
981,223
945,971 sur. 35,252
—(V. 65, p. 70, 1 1 6 9 ; V. 66, p. 811,1090, 1190; V. 67, p. 127, 789.)
P ittsb u rg V o a u g ito w n & A sh tab u la B K ..—Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junction, O.,
25 miles; Canfield Branch, 1 m ile: trackage, 3 miles. Total, 128 miles.
Organization .—Leased August 1, 1887, to Pennsylvania C o m ­
p a n y , wnioh Jan. 1,1898, owned $375,000 common and $1,550.000 pre­
ferred stock; rental net earnings. Lease terminable at either’ s option
D ividends . ) 1890. 1891. 1892 to 1895. 1896. 1897.
1898.
Common, n. ct. 5 2 ^
3
6 yearly.
B
?a
6
6
On preferred, 1888 to Sept. 24,1898, 7 per cent yearly (M. & S.)
B onds.—Bonds of 1887 (trustee, Farmers’ Loan & Trust Co.) are re­
served to retire divisional bonds; Lawrence RR. first 7s due Aug. 1,
1895, were paid, but no consols issued therefor. A sinking fund of 1
per cent purchases bonds of 1887 at par, if offered.
E arnings.—9 months, ) 1898........Gross, $1,150,147; net, $360,377
Jan. 1 to Sept. 30. $ 1897........Gross, 1,054,048; net, 420,785
In year ending Dec. 31,1897, gross, $1,454,976; net, $517,345; int.,
$168,100; other charges, $484,492. In 1896, gross, $1,383,100; net,
$436,'/13; dividends (7 p. c. on preferred and 6 p. c. on common),
$198,749; balance, deficit, $333,996.—(V. 63, p. 26.)
P lan t System .—This system, so-called because of the large interes
owned in it by the Plane Investment Company, of which H. B. Plant is
President, unites Charleston, S. C. with Montgomery, Ala., and also
with Tampa and other Florida points. The system includes the fol­
lowing roads, described under their own titles, excepting the Bruns­
wick & Western included with Savannah Florida & Western:
M ies .

M ile s .

Savannah Florida & Western 8-9 Florida Southern.......... "........ 247
Charleston & Savannah........ 159 Sanford & St. Petersburg.... 152
48
Brunswick < Western.......... 171 St. Johns & Lake Eustis......
&
Alabama Midland.................. 235
Total.................................. 1.967
Silver Springs Ocala & Gulf.
66
P o n tia c O xford & N orth ern R R , - Operates road from Pontiac,
Mich., to Caseville, Mich., 100 miles. Capital stock is $1,000,000.
all held by the Hale Estate in New York. Bonds for $100,000 are
held in trust until net earnings are $40,000 per annum. Mortgage
trustee, Mercantile Trust Co., N. Y. In year 1897, gross, $127,303;
net, $37,625; interest, $18,000; special improvements, $19.910; bal­
ance, surplus, $8,715. In 1896, gross, $118,228; net, $37,192. Divi­
dends: In 1890,1 p. o.; 1891, 3 p. o.; 1892, 4 p. o.; 1893, 6 p. o.; 1894,
4 p. e.; 1895, 3 ¿3 p. c. President, Hugh Porter, N. Y.
P o rt J ervis M on ticello & New Y o rk R R . —Owns Port Jervis,
N. Y., to Montio dlo, N. Y., 24 miles, and Huguenot to Summitville, 18
miles. Stock authorized, $500,000; outstanding, $409,100; par, $100.
June 30, 1897, loans and bills payable. $17,288; car trusts $6,150.
In year ending June 30, 1897, gross, $49,288; net, $19,894; charges.
$16,032; balance, surplus, $3,862. President (Aug., 1898), Addison
B. Colvin. V. 67, p. 275.
P o rtla n d & R o ch ester R R . —Owns road from Portland, Me.,
to Rochester, N. H., 54 miles, stock (authorized, $600,000; par $100);
issued $592,070. Notes payable June 30,1898, $15,500. Terminal
bonds issue limited to $113,500; there is no mortgage, but any subse­
quent mortgage is to provide for these bonds. Interest on the terminal
bonds is guaranteed by the Boston & Maine. Dividends since July,
1886, to July, 1898, inclusive, 6 p. 0. per annum.
E arnings.—For year ending June 30, 1898, gross, $253,373; net,
$51,177; taxes and int., $7,560; dividends (6 p. c.), 35,524; interest on
bonds was paid by B. & M. RR. In 1896-97, gross, $242,419; net,
$38,874.
P o rtla n d & R u m fo r d F a lls R y .—Owns road Rumford to Rumford Falls, 53 m iles; branch to Otis Falls, 10 miles; trackage (Maine
Central) Rumford to Lewiston, 4 miles; total operated 67 miles.
Stock .—Stock, increased from $300,000 in 1896. D i v i d e n d s — In
1896,5 p. c.; in 1897,4 p. c.; in 1898, Mar. 1 5,1 p. 0.; June 15 ,1 p. 0.;
Sept. 1 5 ,1 p. c.
B onds.—The consol, mortgage of $1,000,000 was issued for refund­
ing, etc.; it is now a first lien. Sinking fund for consols % p. c. of all
consols issued; bonds cannot be called. The plain bonds of 1897 were
issued for floating debt.
A nnual R eport. —Report for 1896-7 was in V. 65, p. 567.
Y ear—
G r o ss.
N e t.
I n t . , t a x ., e tc .
D i v i d e n d s . B a l ., s u r .
$66,282 (4' $40,000
$17,696
1897-98......$299,045 $123,978
1896-97...... 262,624
109,445
52,878 (41 30,000
q)
26,567
—(V. 63, p. 5 0 2 , 970; V. 64, p. 235; V. 65, p. 236, 5 6 7 , 685.)
P o rtla n d Saco A P o rtsm o u th R R .—Portland, Me., to Ports­
c
mouth, N. H., 51 miles. It was leased May 4, 1871, in perpetuity to
the Eastern Railroad, Mass, (nowmergedin Boston & Maine), at 10 p. c.
on stock. Lease rental changed May 21, 1877, and now 6 per cent.
P o rt R ea d in g R R . —Owns 20 m. of road, completed in Sept. 1892,
from Bound Brook, N. J.f to Staten Island Sound, where extensive




()
1

250.000
1.446.000
1.750.000

Not fixed.
May 1, 1941
Sept. 1, 1902
Aug., 1920
Sept. 4 ,’98,3
Sept. 4,’98,3 *2
Aug. 1, 1908
Nov. 1, 1927
July 1, 1916
June 1, 1944
1916
July 15,’98,3%
Oct. 1, 1907
S’pt.15,’98,1%
Nov. 2, 1926
Aug. 1, 1927
July 15,’98,3%
Jan. 1, 1941
July, ’98, 3%
Jan. 1, 1941
Feb. 1, 1926
Mch. 1, 1931
May 1, 1920
5 g. J. & J. Provid’ce, Globe N. Bk. July 1. 1922
S’ pt.30,’9 8 ,2*3
Providence, Office.
Q .-M .
10
A. & O. Prov., R.I. Hosp. Tr. Co. Oct. 1, 1947
4

Semi-an N. Y., Merc. Tr. & Balt.
6
pd.
5 g- M. & N. Nov., ’95, coup, last Co.
M. & S. N. Y., Union Trust
6
New York City.
5 g. F. & A.
See text. M. & 8. N. Y., Farm. L. & Tr. Co.
7 in 1898 M. & S. N. Y., Far. L. & Tr. Co.
F. & A. Phila., Fidelity Tr. Co.
6
M. & N. N. Y., Farm. L. & Tr. Co.
5
6 g. J. & J. N. Y. M e r d e Trust Co.
4 1 J. & D. N. Y., Cent. Trust Co.
sg.
5 g. J. & D.
J. 15-J.
6
A. & O. Boston, North Nat. Bk.
4
Boston.
4 in *97 Q.—M.
Boston, Old Colony Tr.
Ì g- M. & N. Boston and Portland.
F. & A.
4 gJ. & J. Boston. Treasur. Office.
6
Philadelphia.
& J.
5 g.
& J. Portsmouth, Treasurer.
6
Baltimore, Hillen St’n.
& J.
5 g.
& A. N. Y., U. S. M. & Tr. Co.
4*2 & 6
do
do
4 ^ & 6 g. M. & S.

“ 6'g. J. & D. N.Y., Gilman, Son & Co, Sept. 12,1900
See text.
M.12&S N.Y., checks mailed.
2*4
July 1, ’ 98, 5%
Boston.
J. & J.
10

terminals were established. Capital stock authorized $2,000,000—
oatstanding, $1,565,000. par $100, all owned by Reading Company.
$1,555,000 being deposited under its general mortgage of 1897. “ Otner
indebtedness,” $247,481 July 1,1895. For year ending June 30,18 9 7 ,
gross, $316,148 ; net, inclnding other income, $178,083; total deduc­
tions, $89,806; balance, surplus, $88,277. (V. 55, p. 544, 639. 680.)
P o rt R o y a l & A u g u sta R y . —P o rt R o y a l & W estern C aro­
lin a R y .—Merged in Charleston & Western Carolina Ry.—which see
P o rtsm o u th & D over R R . —Portsmouth, N. H., to Dover, N. H.,
11 miles. Opened Feb. 1, 1874, and leased for fifty years to Eastern
New Hampshire at 6 per cent per annum on the stock, rental guaran.
teed by the Eastern RR. of Mass. Lease assumed by Boston & Maine,
P o to m a c V a lley R R . —Opened in Sept, 1892, Potomac Valley
June., Md., to Cherry Run, W. Va., on the B. & O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Capital
stock, $500,000 ($50 shares). Leased to Western Marylana, the bonds
of 1941 having principal and interest guaranteed, jointly and sever­
ally, by the Western Maryland RR. Co. and the Baltimore & Harrisburg
Ry. Co., and being so endorsed. The bonds have a sinking fund of 7-10
of one per cent. Earnings for year ending Sept. 30,1897: Gross, $146,379; n et,$79,729. In 1895 6 ,net, $91,851. (V. 52, p. 121; V. 66, p. 130.)
P rospect P a rk & Coney Isla n d R R .—Owns from 9th Ave. and
20th Street, Brooklyn, to Coney Island, etc., 5-68 miles; leases to
Coney Island Point, etc., 3-97 miles. Stock is $250,000; par, $100.
H is t o r y .—The Long Island RR. acquired controlling interest in stock
in 1893, and in consideration of a guaranty by that company, annual
interest on the greater part of P. P. & C. I.’s bonded debt was reduced
from 6 and 7 per cent to 4*2 per cent. See V. 56, p. 4 2 ; V. 62, p. 187.
On June 30,1898, there were $353,500 loans and bills payable. First
mortgage bonds for $500,000 due Jan. 1.1895, were paid. Mortgages
on real estate, 5 p. c., $29,766 on June 30, 1898.
Y ea r—

G ross.

N e t.

O t h e r i n c o m e . I n t . , ta x e s ,e t c .

B a la n c e .

$3.057 $26,415
$79,970
def.$50,497
1897-8......$138,184
1896-7...... 131,653
df.2,415
26,155
78,077
def.54,337
—(V. 65, p. 6 1 9 , 869; V. 66, p. 336, 954.)
P roviden ce & Springfield R R . —Providence, R. I., to Douglas,
Mass., on the New England main line, 30 miles. Stock is $517,450 (par,
$100), mostly owned by the N. Y. New H. & Hart. V. 61, p. 1014. Road
leased (terms modified in July, 1896,) to New England RR. till July
1,1989, at 4 per cent on stock. See V. 63, p. 30, and New England
RR. report V. 63, p. 698. The bonds were guaranteed by the N. Y. &
New England. In 1893 gross, $182,450; net, $28,073.—(V. 63, p. 30.)
Providence & W orcester R R . —Owns from Providence, R. I., to
Worcester, Mass., 44 miles, o f which 5 miles are owned jointly with
Boston & Providence; branches, 7 miles; total operated, 51 m iles;
From July 1, 1892, leased for 99 years at 10 per oent per annum on the
stock to the N. Y. N. H. & Hartford. Extra dividend of 4 ^ p. 0. was
paid out of assets in March, 1893. The new currency 4 p. o. bonds
(trustee Rhode Island Hospital Trust Co.) for $1,500,000 were author­
ized in Deo., 1896, to retire a like amount of 6s due Oct. 1,1897.—V.
63, p. 1064. Total surplus June 30,1897, $214,924.—(V. 63, p. 1064.)
Q u e e n A n n e ’ s R R .—Projected from Baltimore, Md. to Lewes,
Del., and Rehoboth Beach on Atlantic Ocean, about 96 miles. Oper­
ated from Queenstown to Lewes, 60 miles. Pennsylvania tracks to be
used between Lewes and Rehoboth, 6 miles; was to be bonded for
$12,000 per mile and stock issued at same rate. 1st mortgage bonds,
Gdn. See. Trust & Dep. Co. of Balt., Trustee, are said to have been issued. President, William H. Bosley, Baltimore; Sec., A. H. Taylor.
Q u in cy O m ah a & K a n sa s City R R . —West Quincy to Trenton,
Mo., 134 miles; trackage (C. B. & Q.), to Quincy, 3 miles.
H istory .—Incorporated June 1,1897, and acquired, from the bond­
holders’ committee representing the non-preferred bonds, the property
of the old R a i l w a y foreclosed, paying therefor $250,000 1st mortgage
6s and $1,500.000 capital stock (which is deposited with the Guaranty
Trust Co. of N. Y.). The new company has leased its road, under the
terms of the reorganization agreement, to the Omaha K. C. & Eastern
until Sept. 12,1900. with option to purohase—see that company. Tue
Q. O. & K. C. nou-preferred bonds (as evidenced by the receipts o f the
Guaranty Trust Co.) are to receive either 70 p. c. in cash or 80 p. c. in
new firsts and 40 p. c. in 2d mortgage incomes of the Omaha K. 0. & E.
E arnings.—Jan. 1 to June 30 (6 months), gross, $144,336 in 1 897;
$147,125 in 1896. For calendar year 1896, gross, $294,711.
Y ea r—

G r o ss.

N e t.

I n t . , ta x e s , e tc .

B a la n c e .

1896-7.......... .$290,952
$72,646
$127,879
def. $55,233
1895-6............... 289,741
112,111
24,276
sur. 87,835
—(V. 64, p. 84,181, 470, 800, 954; V. 65, p. 195.)
Q u in cy R R . B rid ge € 0 .—Owns bridge 1*43 miles long over the
Mississippi River at Quincy, 111. Leased Jan. 1,1869, fo r 100 years to
C. B. & Q., Toledo Wabash & Western (now out of existence) and Han­
nibal & St. Joseph railroads at annual rental of $175,000, which
equals 10 per cent on the stock. In 1898 the Kansas City Pittsburg &
Gulf was said to have acquired a lease from the C. B. & Q.
R a le ig h & A u g u sta A ir !>ine R R . —Owns from Raleigh, N. C.,
to Hamlet, N. C., 97 miles; Hamlet to Gibson, 10 m iles; leases Moneure to Pittsboro, 12 miles; totaL 119 miles. Controlled by Raleigh <
&
Gaston, which July 1,1893, owned $772,200 stock, and so by Seaboard
& Roanoke. Stock is $873,600; par, $100. R. & A. first 6s are en-

1»©

INTESTO JiS*

SUPPLEMENT.

LVol .

l x v ii.

Subscribers w i ll confer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
RAILROADS.
B o n d s —Prìnoi INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation of column headings, <fco., see notes of
pal, When Due
Amount Rate per
of
Par
When Where Payable, and by S to c k s —Last
on first page of tables.
Road. Bonds Value. Outstanding Cent
Payable
Whom.
Dividend.
R a l e i g h A A u g u s t a —1st

M., guar. p. & i.. R. & G.c* 107
Seaboard Air Line.'Ser. A, B & O (part issu e)....
R a le ig h A Gaston—1st mort., $1,500,000, gold___c
Seab. Air Line Equip., Ser. A, B, C, (part issue)..
R a r i t a n R i v e r R y . —1st mortgage, gold.................. c
R e a d i n g A C o lu m b ia — 1st mortgage (extended) "e*
2d mortgage, coupon (extended in 1884).......
c
Debentures.........................................................
c
R e a d i n g C o m p a n y — Common stock, $70,000,000
Pref. stock [$28,000,000 is 1st pf.l 4 p.c. non-cum
Old P lilla . & R e a d . B R , bonds .
Delaware River Terminal Pur. Money M., gold o
Delaware River Term. Ext. Pur. Mon. M., gold c;
tBonds and mortgages on real estate...................
,
P h lla . & R ea d . K B , bonds assum ed
11st M., ext. in ’ 60, Philadelphia to Pottsv. $&£ c
1Mortgage loans of 1844,1848 and 1849
'c
t Mortgage loan of 1857 convertible.
' el
t Mortgage loan of 1868, gold, extended in 1893'c 148
tOonsol. mortgage ($8,162,000 are gold 6s) .
'c 254
t impr’t M., g., ext. in 1897. See V. 65, p. 870. g. 325
1Oonsol. M.of 1882, g., 5s, ext. ’ 97 (V. 65, p.278)c* 327
t Terminal mort, gold. See V. 64, p. 85 .
e*&r
t Mortgages on real estate.......................................
Philadelphia City Subway Loan, guar.,$3,o6o,6oo
tP . & R .C o a l & I . morts. See list V. 64, p. 619
Coal trust certificates, gold. See V. 65, p 278*
ICol. sink, f gold loan (RR.) red. atlO o, ass..c*
R e a d in g C o m p a n y bonds issu ed in b e O K G A
Gen. M.,$135,000,000,g., s.f.not subj.to call.c‘ &r Text,
N o te .—General mortgage of 1897 requires th at ttie
bonds marked t above. IF Only $16,000 are 3s

1886 $1,000 $1,000,000
93-’96
203,833
1897
ijòoo
1,200,000
1890-6 1,000
228,333
1889
1, 0 . 0
300.000
1862 100 &c.
650.000
1864
1,000
350.000
1877
1,000
1, 000,000
50 69.900.000
50 70,000,000
1892
1,000
500.000
1892
1,000
809.000
895,709
H IL A .
& R ead
R a il w ay .
1843 $ & £
1,512,700
1844-9 1,000 ~ 954,000
1857 500 &c.
79,000
1868
1,000
2.696.000
1871 200 &c. 18.811.000
1873
9.364.000
1882 5ÓÒ&C. 5,673,042
1891
1,000
8.500.000
642,905
1894-8
2.700.000
72-’84 500 &c.
2,399,500
1894
1,000
3.600.000
1892
1,000
1.713.000

' ■

f ---- ’ -- 7 V*v viv***

\T. VA,

A
.,)

R a le ig h & G aston R R .—Owns from Raleigh to Weldon. N C 98
m. anu Louisburg branch, 10 m. Controls Raleigh & Augusta RR 107
mfies, and has large interest in Durham & Northern RR., Durham to
Henderson, N. C., 42 m iles; and with Seaboard & Roanoke controls
.^rolina, Central; also controls Georgia Carolina & Northern and
bends. Seaboard & Roanoke owns $742,200 of
the Raleigh & Gaston $1,500,000 stock; par, $100.
’
ufiB
<iU?ioriES,T:Un? er, the readjustment plan of the Car. Central the
5 ah .&
? nd severally with the Seaboard & Roanoke
guarantee $3,000,000 1st consol. 4s and ttxed charges. V. 67 p 273
As to oar trust bonds of 1896 see V. 62, p. 684. In March 1897
issued a mortgage for $1,500,000 gold 5s, of which $1,000,000 used
«srm aaa^ a ? 8 dVe dan* 1898, $200,000 for improvements and
iw
$300,000 tor extoi sions, etc., after three years. V. 64, p. 758.
D ividends . In 1889,1890 and 1891, 6; in 1892, 4 p. c.; none since*
E arnings.—In year ending June 30,1897, gross, $631,389 (including
other income). In 1895-6, gross, $599,197? net, $224,622; otherinT u ctions” ’$1B8: 878? rfS 97(1 7Q balance, surplus, $19,790. “ other de­
iV ril
ductions $138,873), $237,079; 8ti $83,350>taxes $14,856, In 1894-5
gross, $593,852; net, $194,035.—V. 65, p. 368; V. 66, p. S3; V. 67, 273 '
R a r it a n R !v e r R a ilw a y .-S ou th Amboy to New Brunswick. N.
with2v D el.! ito « n° i e8’ “ uiuesj total, 16 miles. Connects Penn. RR.
[v
«
t
« m n ravAo ®B d,St0?k’ authorized, $ 1,010.000; issued,
Year ending June 30. 1897, gross, $ 5 1,797; net
$14,691; interest and taxes, $18,593; deficit, $3,9ir2.
*
® ead*n S & C olu m bia R R .—Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 1 3 miles;operates MariettaJunothnitn
(mickles, 6 miles; total operated 5 9 miles S to ck $958373 m a ^ $ 50> of

which $785’
00°, with the $ 1 ,
000,000

M. & N.

J. & J.

Phila.,
do

Guar. Trust,
'
do

Jan.
Part
Jan.
Part
Jan.

1, 1926
yearly.
1, 1947
yearly.
1, 1939
Moh. 1, 1912
June 1, 1904
Deo. 1, 1917
re.
re.
May 20,1942
July 1, 1942

See N ot

6
J.’ & J. Philadelphia & London. July 1, 1910
6
J. & J. Phila., Read. Ter. Bldg, July 1, 1910
4*2 J. & J.
do
do
July, 1910

' 5 g.
6 g. & 7
4 g.
4 «■
5 g.

A. & O.
do
do
J. & D. Phila., do & London.
A. & O. Phila., Read. Ter. Bldg.
M. & S
.
do
do
Q.— Phila., Prov. Life & Tr.
P.

Oct.
June
Apr.
Moh.
May

1,
1,
1,
1,
1,

1933
1911
1947
1937
1941

IT3
City Treasury.
1904-1923
5, 6 & 7 Various Phila., Read. Ter. Bldg. May, ’98-1904
6 g. Q.—
J.
Philadelphia.
Apr. 1, 1904
5 g. F. & A. Phila., Prov. Life & Tr. Feb. 1, 1902
N IZ A T I O N .
1897 500 &c. 58,668,000
4 g. J. & J. N. Y., J.P. Morgan&Co. Jan. 1 , 1 9 9 7
Readi ng Co. and Reading Coal & Iron Co.
shall be responsible for all old

dorsed by the Raleigh & Gaston. On June 1 1897, floating debt (due
TR86iGw n ° J o l d f l r s t p r e f e r r e d stock retired by lsts of
totaL net current liabilities, $330,755. Jointly
with Raleigh & Gaston and Seaboard & Roanoke issued the ear trusts,
' ''

J. & J. Balt., Merc.Tr. & D. Co.
Baltimore.
J. & J. Balt.Mero.Tr.& Dep.Co,
J. & D.
do
do
J. & J.
M. & S. Phila., PML&Read. RR.
J. & D.
do
do
J. & D.
voting trust for 5 years or mo
voting trust for 5 years or mo

ing Company and deposited under its general mortgage of 1897 The
™ad J« controiledbut accounts kept separate. In year ending June
30,1897, gross, $279,679; net, $94,593; charges, $116,801.
Reading: C om pany—P h ila d e lp h ia & R ea d in g R v — f S e e
Rap,) The Philadelphia & Reading Ry. operates in connection withtho

$20,»00.000 bonds of the Philadelphia & Readin Ry. and the $8,000,000
stock of the 9o a V& RA ™ I and»8 *ILU U IMl m™ [.w t.u .u j »03U O i ,,8 o w n
SfiCIlritiAH Coal Iron Co.,
7ÄO t against all th
O
.O
1896 tl6S' öee Y* 64’ p* 709* Rartwa-y Co. began operations Deo. 1,
The property of the Reading Company, as distinguished from tiio
property o f the Phila. & Reading Ry. Co. (which ” Srns the railroad but
no equipment), and,of the Coal < Iron Co., consists of the follow ing:
&
leased to Railway Co. for 8 per cent
* ifiQ 5nnnn
($1,356,000) yearly, valued a t .........................
aPPurtenant to RR. (annual revenue about
’
’
................... ............

.

1

Phnleri aSd bargesleased to Ry. Co. for^tl^OOO'yearty'
8tock * * 0 , 0 0 0 , 0 0 0 and bonds of
«i oft/rnm00,000 par (annual interest to Reading Co.,
Phila. & Reading Coal & Iron and'Reading I r o n 'c o m panies stock at par....................................... “

»ifmVf^A^^AA^^8 and bonds at Par "(yielded"in*i896

AOn AAA

1,450 000
’
’ U
40’ 000’ 000
q

’

’

Morts. and ground rents at par (not under ’ 96-’97 mort.)
Int. in Phila. & Read’ g Coal & Ir. above securities owned
Claims againsFother compünTeV, '
e
t
c

266,594
154,679
6| i 54’ 679
344,384
Total (totalest. revenue, $3,628,023. (See V. 64, p. 710)..^i93~6i3~902
V oting Tau5 T’ E — *” Y i)™ ? . T rust , a tc.—AH classes of stock of the new company are to
be nem by voting trustees (J. Pierpont Morgan, Frederio P Olcott and
De held Dy voting
Henry N. Paul) for five years, and thereafter until'4 per cent cash divi?
HA^v™T2l munii,8liali
2
paid on tbe flrst preferred stock for two oonyears, though the trustees may in their discretion surrender
soa nA°°k a/ an earlier date. As to stock privileges see V. 64 p 709
V- 6‘ - p- » 5 5 , and a i » ' 8nn-

i8
(

ties embraced in the reorganization, aud also all other property
f.md nnt ^ e£?af'ter by use of the new bonds. They will have a
Psinking
fund out of the revenues from the Coal & Iron Company, but are n ot
subject to compulsory redemption prior to maturity. Thenew m orta^ s b c only to the bonds for which reservation is made
so> u je t»
based upon properties or securities of all the lines of railroad owned’
^°* i , 0 Schuylkul region, Pennsylvania, a large svstem of
the Philadelphia & Reading Railway Com plnv p ^ p e ? ’
» “
y
^hdadelphia and extending thence we sf e r i / through 391 “ de8: various leasehold lines, 597 miles; all the property o fPthe
ttie coal fields to Hazelton and Williamsport on the north and Har- oaa AAAIron Co“ Paiiy» or the securities thereof, representing nearly
Qito*^?J+^1
i
lppeixT )urf and Gettysburg, in Pennsylvania, on the south i i o ’nnA tmo68 o f .ooa} aud timber land; equipment valued at about
^
also easterly in New Jersey to Atlantic City, the summer resort on thé $12,000,000, previously subject to about $5,000,000 of car trust oblitaoq.ixired ii!iid.er the plan[ and also the marine equipment.
K Æ
& Ï M
Î “
at Port* eadiQ* on New Yort Hara+Rlii^k? I'lll0Fe’ ^ bas a dr® Pen upon a majority of the capital
('
L i n e s o w n e d i n fe e .
M ile s .
8*ock of various companies in the system owning 448 miles of PailL e a s e d l i n e s — ( C o n .)
M iles
Philadelphia to Mt. Carbon,
o-4 nvi?Aa o v i
Norristown Juno. R R ..........
2 9^ 5ad? 8 are lhasehold lines included in the 597
Pa. etc. (double tracked)
101 North Pennsylvania RR ....... 86*4 toan the P ^taRe R^nn « f i ° ° n Hond! °ii« a d s _ in the system (other
Branches—
Delaware & Bound B. R R ... 33*7 than the p. & R. Ry .Co.) amounting to $34,265,936 par value The
Reading to Harrisburg, Pa..
Schuylkill & Lehigh RR....... 44-0
>
a
have earned in 1894-95 an income of $585 Lebanon to Brookside, Pa.
Phila. Har. & Pitts. R R ........ 40*6 999> which $448,000 was received as dividends—list in V. 64 d 613
Rockville to Auburn, P a ..!!
The new mortgage is for $135,000,000, issuable only as foilow s:
Phila. & Reading Term. RR.
1*3
Mahanoy City to Pt. Trev.
Phila. & Frankford R R ........
2*6 To ta-ke up undisturbed bonds of the Reading RR. and
New Castle to Mahanoy 65
Coal & Iron Co................................
6
Plain, P a .......'...........
i
Total leased........................ 546*0 For* iU
inAenn2n8truotion> equipment, *eto„'a t no't'oTOr
’
’
Other lines....................! ! ! ! ! ! 22
L i n e s c o n t r o l l e d — ( S e e each Co.)
raa„A/i5 * ,00° Per annum under stringent provisions....... 20,000 000
E ntire Stock O wned .
Issued at onoe for reorganization p u rp oses...................... 50,369,000
Total (2 tracks 173 miles). 337 Chester & Delaware R R .. . . .
5*7
Improvement mortgage 6 p. o. bonds of 1873 due Oct! 1. 1897 were
L i n e s l e a s e d (See each Co.)
Rupert & Bloomsburg..........
2*4
Colebrookdale R R ...........
12*8 Middlet’n & Hummelst’n RR.
at 4 p* c* f or 50 years from April 1, 1897, payable in U 8
6*6
Pickering Valley R R ............[ 11*3 Tamaqua Hazleton & N. RR.
^ ki undgua/rBnteedp.
Co.
,p. 470*
65*
9*9 p.° 516. The consol 5s of& i. by the Reading were V. 6 4extendedV "at i
1882 for $5,673,042
also
East Pennsylvania RR........ 36-0
Most of Stock
Allentown R R ........................
4.5 Reading & Columbia O wned . 39*5 p. c. till Mar. 1, 1937, the Reading Co. and Coal & Iron Co. becoming
R R ___
®
Little Schuylkill R R ........ ! “ 28-l
Lebanon branch...............
5*2 responsible. See V. 65, p. 870, for contract. V. 65, p. 152 870
The terminal mortgage bonds are Reading RR. bonds, and are
Mine Hill & Schuy. H aven.. 51*8 Read. Marietta & Han. RR.
6*3
Mt. Carbon & Pt. Carbon RR.
2 -5 North East Penn. R R .......... 25*6 secured by a mortgage upon all the property of the Terminal Co and
Mill Creek & Mine H. RR
3 *8 Phila. & Chester Valley RR. 21*5 by a traffic contract between Reading and the Terminal Co rhe tm a.
Schuylkill Valley R R ............ n*o Atlantic City RR................... 83*5 ^ M ^ e P r o v i t o i Life & Trust Co. of Phila. Amount authérïiëd
East Mahanoy R R ........
14*1 Catasauqua & Fogelsv. R R .. 27*2 $8,500,000. See description in V. 64, p. 85 and guaranty V 60 n 7S9
For t e n - y e a r s i n k i n g f u n d l o a n see January, 1895, Supplement ."
Shamokin Sunbury < L. R R 31 *i Camden County RR...............
fe
7*3
Phila. German. & Nor. R R .. 29-4 Gettysburg & Harrisb R y ... 34*6
The c o a l t r u s t c e r t i f i c a t e s under agreement of May. 1895 are n ot
Chestnut Hill RR..................
4*1
redeemable until April, 1904—see V. 63, p. 838 and Jan., 1895*, Supp .
Catawissa R R ....................* '' 93.5
P h i l a d e l p h i a S u b w a y L o a n the receivers were authorized in
Total system J u ly /i897 (2dtraok
Pay Interest (and principal at maturity) of not exceeding
°.f . a total issue of $6,000,000 of 3 to 3 ^ p. c. bonds o f
ooTn 9 ° tober’ 1898>.a controlling interest in the Wilmington & North’ n
88 miles, was acquired in the interest of the Reading. V. 67 p 843 * City of Philadelphia, to abolish grade crossings. The amount outstandm g will be increased to this figure on completion of the subwav
4 ^ S ^ ra D d ^ h ^ 'p "'^ R Ppnaid!fc^da Reading RR. (chartered April Principal is payable after ten years from d ite of loan in 20 annual
oq 1 qqa
iv,' & R' Co, l & i ron 0 o* were sold in foreclosure Sent instalments. See V. 58, p. 1110; V. 62, p. 950; V. 63, p 881
a
annual
23,1896, under the general mortgage of 1888 and at receivers’ sale
As to the $64,631,000 outstanding
VV64 p" 614) the
find their finances reorganized per p la n in V. 61 n 1109
9 Reading Co. and the Coal & Iron Co. old bonds (see p^y their interest
covenant to
the reorganization the 41 millions of old stock and the 56% when.due and to pay or extend their prinoipal at maturity.
mterest
£ 1
2ll?n8 i old Pr®fe.rence income bonds were assessed 20 per cent
v°+
P uopebties .—These aggregate about 194,000 acres, as follows •
the stock then receiving 100 per cent in new common and the prefer­
ence incomes, common and preferred stock in certain p r o p o r t i o n « ! f t au ft o wned acres)....95,144 I Timber lands o wned (acres) 70 489"
Coal lands leased (acres).... 7,429 Iron ore lands (acres)
21 000




121
RAILROAD STOCKS AN D BONDS.
O ctober , 1898.J




123

INVESTORS’

SUPPLEMENT,

[Voi. LXYII

Subscribers w i l l confer a great fa v o r by g iv in g im m e d ia te n otice o f any error discovered, in tbese T a b les.
Bonds—Prinoi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation o f column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
R e n s s e l a e r A S a r a . —Stock_.8p.c.gu.Del.& Hud.)end.)

1st mortgage, consolidated...............................e*<fcr
div.,oblig.)
Stock, guar. 7 p. c., except $19,300 guar. 6 p. c ..
1st mortgage,convertible........................................
do
coupon bonds due in London..........
do
do
due ln U. S.................
do
certificates of debt, due in U. 8 .......
2d mortgage
do
do
.......
Consol, mortgage for $2,000,000, gold......... o*<fer
R i c h m o n d A M e c k le n b u r g —1st mortgage.......
Certificates o f Indebtedness........ .................
R i c h m o n d A P e t e r s b u r g —Stock.........................
First mortgage ($24,500 are 7s)....................
Consolidated mortgage for $1,000,000, gold__ e*
R i c h m o n d P e t e r s b . A O a r o . —1st M. See text.
R i o O r a n d e J u n c t i o n — Stock...........................
1st mortgage, gold, guaranteed.......................... o*
R i o O r. S i e r r a M . A P a c . —1st M.,gold,$20,000 p.m,
R i o O r a n d e S o u t h e r n —Stock, $25,000 per mile.......

R ic h .F r e d . A P o t . —St’k,com.($1,071,800

Rio Orande Western—Common stock............... ........
Preferred stock ($7,500,000 authorized)............
1st trust mortgage, for $16,000,000, g o ld .........o
Utah Cent. 1st M., $650,000, guar., p. & i., g........
River Front—Stock, 5 per cent, guar. Penn. R R ....
1st mortgage, guar. p. & i. by Penn. R R ............
Debentures......................... ............... ....................
Roch. A Genesee Yal.—Stock, 6% rental Erie R R ...
Rock Island A Peoria—Stock....................... ......... .

192
79
82
82
82
82
82
82
31
23
23
27
62
180
180

1871
1856
1858
1870
1858
’44-66
1890
1882
1897
1875
1890
1898
1889
1897
1890

587
435
37

1889
1898

....

1882
1893

18
91
113

1878
1885

$100 $ 10,000,000
J. & J. N.Y., Del. & H.Canal Co. July, ’98, 4%
8
May 1, 1921
do
do
1,000
M. & N.
2,000,000
7
a%
100
2,250,600 7 in 1898 J. & J. Phila. & Richmond. J u ly l’ 98,31
do
do
N ov.,1898,3Hi
100
M. & N.
500,400
7
1901
do
do
Various
99,070
5
J. & J.
1901
do
do
Various
47,248
5
J. & J.
1901
d0
do
Various
298,000
M. & N.
6
July, 1899
do
do
Various
83,303
7
J. & J.
1901-1902
do
do
53,511
5
J. & J.
4 tag. A. & O. N.Y., Phila. orRichm ’ d. Apr. 1, 1940
$1,000
500,000
315,000 to 6
M. & N. P.ct. of int.pd.from net. Nov., 1921
72,038
July 1’98,31
2%
Richmond, Office.
100
1,000,000 7 in 1S98 J.‘ & *J.
May 1, 1915
do
do
500 &c.
340,500
6 & 7 M. & N.
1,000
300,000
41
ag. A. & O. N. Y., Brown Brothers. Apr. 1, 1940
5
(1)
New York.
Jan.29,’98,80c
100
2,000,000 See text.
1,000
1.850.000
5 g. J. & D. N.Y.,Mait., Coppell* Co Dec. i , 1934»
1917
6 g . J. & J.
<n
100
4.510.000
N.Y.,Mait;,Coppell* Co July 1. 1940
1,000
4.510.000
3-4 g. J. & J.
N. Y., Office, 11 B’way. Sep. 30,’98,2%
100 10,000,000
do
do
Nov. 5, ’98, \
100
6.700.000 See text. Q.—F.
l , 000* c 15,200,000
4 g. J. & J. N. Y., State Trust Co. July 1, 193L
1,000
550.000
A. & O, N. Y., office R. G. W. Jan. 1, 1917
All owned by Penn. RR.
50
300.000
I g216.000
1,000
4*3 M. & N. Phila., Co.’ s Office. • May 1, 1912
4
Dec. 31, 1903
84,000
J.30, D.31
J. & J. N. Y., by Erie RR. Co. July, ’98, 3%
555,200
100
6
J. & J. N. Y., Com Exch. Bank. J u ly l’98,2ia%
1,500,000
100
5
113
do
do
Jan. 1, 19ÓÒ
J. & J.
150,000
25,000
10
do
do
J. & J.
Jan. 1, 1925
5,000
450,000
6

G en e r a l F inances .—Application to N. Y. Stock Exchange to list
general mortgage bonds was given in full in Y. 64, p. 709. Fixed
charges of entire property on completion of reorganization will be
$8,672,672. Pending completion of refunding schemes, etc., the fixed
charges will be, perhaps, $300,000 to $400,000 more.—Y. 64, p. 85,570.
L atest E arn in gs .—From July to Aug. 30 (2 months) results were
as follows on basis of present charges in both years:
2 mos. to ,— P. & R. RR.— > ,------- Coal & Iron.------- , Read. Co. All Cos.
Aug. 31.
Gross.
Net.
Gross
Ret.
Net.
total net.

1898......... $3,597,613 $1,495,226 $3,045,781
$200,8-15 $31,899 $1,727,510
268,840
5?,688 2,030,359
1867......... 3,805,134 1,702,831 . 4,203,854
Charges all C os. 2 m o s ., 1898.....................$1,516,000; balance, sur., $211,510

The Reading ¿System always shows small earnings in the winter
months. The largest earnings are in the autumn.
A nnual R e p o r t .—Fiscal year ends June 30, having been changed in
Sept., 1897, from Nov. 30. Results for last two years have been as fol­
lows:
1896-7.
1897-8.
,$21,986,834 $20,616,264
Railway company—Receipts.............
11,717,460
, 12,386,028
Expenses (including renewals, etc.)
Net earnings..................................
Coal and Iron Company—Receipts..
Expenses.......................... . . .................
Net earnings..... ............
Reading Company—Net in com e.......

$8,898804
$9,600,806
$22,909,553 $21,427,080
21,331,713
. 22,433,315
$476,238
343,32 >

Net earnings all com pa n ies.....................$10,420,364
Fixed charges and ta x e s ............................ : . . . 9,183,280

$95,367
348,753
$9,342,924

Surplus......................................... ! ................ $1,237,084
Deficit 7 mos. Dec. 1,1896, to June 30,1897. 1,313,917
Net deficit for 19 months............................
$76,833
The new company began operations Dec. 1, 1896, and the early
months of the year being the poor ones, the results for the nineteen
months embraced in the above figures include fourteen poor months
and only five good months.
Off ic e r s P. & R. R v.—(In June, 1898.)—President, Joseph S. H arris;
Vice-President, W, R. T aylor; Secretary, W. G. Brown; Treasurer, W.
-A. Church.—(V. 65, p. 413, 516, 870; V. 66, p. 39, 185, 289; V. 67, p.
5 7 6 , 579; Y. 67, p. 843.)
Aid
R en sselaer & Saratoga R R . —R o a d .—Embraces 192 miles, viz.:
Leased ( Continued) —
Miles.
Road owned—
Miles.
Troy to Lake Champlain..... 79
Ft. Edward to Caldwell....... 15
Leased—
Vermont line to Castleton, Vt. 7
Troy to Waterford Juno., etc.. 14 Eagle Bridge, N. Y., to Rut­
Schenectady to Ballston...... 15
land, V t............................... 62
L ease .—Leased in perpetuity March 1,1871, to the Delaware & Hud­
son, which, Deo. 31, 1897, owned $800,000 of stock; rental, 8 per cent
-on the ¡»toon and interest on bonds. Guaranty on stock, V. 56, p. 773.
Year.
Oross.
ft et.
Int., taxes, etc.
Bal., def.
$833,224
$1,132,536
$299,312
1897-8...........$2,470,P46
.1896-7............. 2,345,270
804,124
—(V. 63, p. 881.)
R ic h m o n d Sc D an v ille.—See Southern Railway Co.
R ic h m o n d Fred erick sbu rg Sc P otom ac R R .—Owns from
Richmond, Va., to Quantieo, 79 miles; James River branch. 3 m .; leases
Quantioo to Junction, etc., 3 miles, total 85 miles. The dividend obli­
gations receive same dividends as common stock, but carry no voting
power. Rich. & Petersb. Connection RR. stock of $140,000 receives 8
p. c. dividends under lease. Atlantic Coast Line Co. owned $675,800
-common stock June 1,1897. The guaranteed stock is seoured by mort­
gage. Consols are reserved for prior bonds maturing.
D iv id e n d s on stock, > ’ 88. ’ 89. ’ 90. ’91 t o ’93. ’94. ’95 ’96. ’ 97.
1898.
and div. obligat. p .c .$ 7 7 6*2 7 yearly. 6*2 7 7 6^2
7
R e p o r t .— Report for year end. June 30,1898, showed gross $770,726;
net, $302,046; other income, $9,026; interest, $57,280; dividends,
$192,757; balance, surplus, $61,035. In 1898, July 1 to July 31
<(1 month), gross, $73,357; net, $32,845.—(V. 65, p. 1 0 6 8 .)
R ic h m o n d & M eck len bu rg R R .—Owns road from Keysville,
Va.,to Olarkesville, Va., 3L miles. Road is operated by Southern Ry.Co.
under operating contract by which R. & M. gets the net earnings and
certain per cent on traffic derived from Southern Ry. within limited
territory. A percentage of interest on first mortgage is paid from these
receipts. St o c k .—$357,900 (par $100), of which $300,000 owned by
•So. Ry. Co. For year ending June 30, 1897, gross, $48,519; net,
$9,489; other income, $4,973; int., taxes, etc., $27,296.
R ic h m o n d N ich o la sville Irvin e Sc B eattyville R R .—Sold
under foreclosure Oct. 6,1898, to Bennett H. Yo-mg, of Louisville,
K y., representing, it is said. Ernest Fawke, of Liverpool, Eng., and Magann & Frayer, Canada. V. 67, p. 737.
R ic h m o n d S Petersburg R R .—Owns from Richmond to Peters­
C
burg, Va., 23 miles; branch, 5 miles. Operated in connection with At­
lantic Coast Line, which owned $687,100 of the stock June 1,1897.




Consolidation with Petersburg RR. pending,—V. 67, p. 178, 843.
D ividends since 1883—In 1884,1885 and 1886, 5 per cen t: in 1887,
6 ; from 1888 to Jan., 1894, 7 p. o. yearly; in July, 1894, 3 p. o.; in
1895, 6h¡ p. c,; in 1896,7 p. o.; in 1897, 7 p. c.; in 1898, 7 p. o.
A nnual R eport .—Fiscal year ends June 30. Annual report for
1896-97 in V. 65, p. 1111, showing gross receipts, $391,212; net,
$158,736; other income, $4,560; interest on bonds. $34.175; dividends,
$70,000; surplus for year, $59,121. In 1895-96, gross, $408,403;
net, $156.209. In 1898, Jan 1 to 'J u ly 31 (7 mos.), gross. $236,366;
net, $34,767.—(V. 65, p. l i l i ; V. 66, p. 472, 1190 ; V. 67, p. 178.)
R ic h m o n d P etersb u rg & Carolina R R .—In 1898 was under
construction in the interest of the Seaboard & Roanoke from Ridge­
way, N. C., via Petersburg, to Richmond, Va., 106 miles, forming a
northerly outlet for the Seaboar i Air Line system, to which, in July,
189 s, it was proposed to lease the road. In Oct., 1898, from Peters­
burg south, 18 miles about to be operated. About 20 miles additional
between Ridgway, N. C., and Lacrosse, Va , was graded. The road will
cost, it is said, about $2,000,000, and it is proposed to bond it for $17,000 per mile. President, De Witt Smith, 141 Broadway, N. Y.; VioePresident, James S. Negley, 141 Broadway, New York.—V. 67, p. 843.
R io G rande J u n c tio n R y .—Owns road Rifle Creek, Col., to a
connection with the Rio Grande Western at Grand Junction, 62 miles.
This is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland R a i l ­
r o a d (since foreclosed and reorganized as Colorado Midland R a i l w a y )
and Denver & Rio Grande at 30 per cent of gross earnings, which com ­
panies jointly and severally guaranteed the bonds, principal and in interest. For year 1894-7, gross, $162,664, against $284,911 in 1896.
In 1897-98, Dec. 1 to Aug, 31 (9 mos.), gross, $276,544; net, $;2,963.
First dividend, Jan., 1898, 80 ots.—(V. 66 p. 237.)
R io G rande Sterna M adre Sc Pacific R R .—Organized in Mex­
ico in 1896; incorporated in N. Y. State in June, 1897, when completed
from Ciudad Juarez via the San Bias Mountains, Lake Guzman, Sabinal
and San Pedro mining region, to Casas Grandes, 156 miles. Extension
proposed to Guerrero, 156 miles, to meet the Chihuahua & Paciflo, and
combined roads to build to Pacific Coast. Capital stock is $3,120,000
($20,000 per mile) and bonds are authorized at $20,000 per mile, of
which $2,000,0i)0 issued for construction to July, 1898 Interest on
bonds begins Jan., 1899. El Paso Southern RR. organized to build El
Paso terminals and Rio Grande bridge.
Directors .—President, A. Foster Higgins; Vice President, Edwin D.
Morgan; 2d Vice-President, A. Gifford Agnew; Secretary, George R ow ­
land; Treasurer, Solon Humphreys; Sidel Tilghman, John B, Law­
rence, Jr., W. Morton Grinnell, Edward M. Shepard and John T. Terry
New York offices are at 54 Exoh. Place.—V. 64, p. 611, 1138
R io G rande Sou th ern R R . —(S e e M a p D e n v e r A R i o O r a n d e .)—
Owns narrow gauge from Dallas (new name Ridgeway), Col., on the
Denver & Rio Grande, southerly to Durango, 162 miles, and branches
to Telluride and coal fields near Hesperus, 18 miles.
B onds.—Interest on firsts is reduced from 5 per cent to 3 per cent to
Jan. 1, 1898, and 4 per cent thereafter. A majority of the stock is
owned by D. & R. G. and by it has been placed in trust. See V. 63, p. 404.
Mortgage trustee, Central Crust Co.; abstraot, V. 54, p. 163, and ap­
plication to N. Y. Stock Exchange in V. 54, p. 446.
Latest E arnings.—2 mos., 51898 . ..... Gross, $86,245; net, $37,339
July 1 to Aug. 31.
(18 9 7 ....... Gross, 63,962; net, 20,559
For year ending June 30, 1898, gross, $427,264; net, $197,630
other income, $2,642; interest, taxes, etc., $192,684; surplus for year
$7,588. In 1898-97, gross, $401,238; net, $171,449. (V. 65, p. 3 6 4 ;
V. 67, p .4 2 5 .)
R io G rande W e ste rn R y .—( S ee M a p .) —Line of R oad —Owns Cre vasse, Col., to Ogden, Utah, 310 m , to Wasatch, Bingham, Coal Mines,
etc., 52 m.; San Pete branch, Thistle to Manti, 62 m iles; Sevier Railway
(proprietary line—all securities owned), Manti to Belknap, 62 miles;
Tintio Range Ry. (proprietary line,* all securities owned)—Springvilie
to Mammoth, and spurs, 46 miles; total owned, 532 miles; Utah Cen­
tral (stock owned), 33 miles. Leases Crevasse to Grand Junction, 18
miles. Total operated, 583 miles. Main line is laid with 65-lb. steel.
Also owns 11 miles of tramways.
H istory .—Formed in June, 1889, to suooeed the Denver & Rio
Grande Western, by plan of March, 1889. V. 48, p. 429; V. 52, p. 941.
In 1898 acquired control of Utah Central and guaranteed its first 4s,
p. & i.
Capital Stock .—Preferred stock is entitled to 5 per cent dividend,
non-cumulative, then common stock to 5 per cent, after which hoth
classes of stock share pro rata. In Sept., 1898, $200,000 preferred
issued for stock dividend of 2 p. c. on common. V. 67, p. 435, 579.
Cash Dividends .— ) 1891.
1892.
1893. 1894-6. 1897.
1898.
Preferred, p. c. J 3%
5
33t
None.
%
Below.
In 1898, Feb., 1% p. o. (of which 1 p. c. extra).—V. 65, p. 1197,1222;
in May, p.c.; Aug., 1 %, being unpaid balance of 5 per cent for fiscal
year ending June 30,1898. V. 66, p. 1090; Nov., % p. c. Also paid i n
p r e f e r r e d s t o c k on preferred: In 1891,21 p. o.; in 1897.4 p. c.
#
First dividend on common, 2 p. c. in preferred stock, at par, was
paid Sept. 30,1898. V. 67. p. 435.
Bonds.—See abstraot of mortgage (Central Trust uo., trustee) in V.
49, p. 237, and statement to New York Stock Exchange in V. 50, p. 73.

OCTOBEE, 1898

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134

INVESTORS’

SUPPLEMENT.

[V ol. LXYII.

Subscribers w i ll con fer a great fa v o r by g iv in g im m ed ia te n otice o f a n y error discovered in these
RAILROADS
INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation o f column headings, &e., see notes of
Amount
of
Par
When
on first page o f tables.
Road. Bonds Value. Outstanding Rate per Payable Where Payable, and by
Cent
Whom.
Rome < Olipton—Stock (rental guaranteed)............
&
Rome Watertown dt Ogdensburg—Stock, guar, (end.)
1st M.,Wat. & R.,Rome to Gape Vin.,s.f.,not dr’n.o*
Syracuse North’n, 1st M. Syracuse to Sandy Cr.o*
Consol, M. (int. but not prm. payable in gold). .c.
Oswego Bridge Co. 1st mortgage............................
Syracuse Phenix & Oswego 1st mortgage.......
Norw’d & Mont. 1st M., g., $360,000; $10,000p.m.
R. W. & Og.Term. RR. 1st M., gold, assumed_ o*
_
Oswego & Rome, 1st mortgage, guaranteed..........
2d M., gold, guar p. & i. (end) by R. W. & O..o*
N. Falls Br. RR. stk., ($243,000own. by R.W.&O.)
Utica & Bl. Riv. st’k,7 p. o. perpet. gu. by R.W.&O.
U .& B.R.lst M .,$2,000,000, g., gu.p.&i.(end.).c
Rupert dkBloomsb'g—1st M.gu.p.&i.(end.)P.&R.g.c*
Rutland—Stock, preferred (for com. see text)........
1st mortgage (8 per cent, reduced to 6)............... c
First consol, mort. for $3,500,000, gold........ c*&r
Rutland < Whitehall RR.—Stock (no bonds;
6
Bag.Tuscoladt Huron—1st M. ,$15,000 p.m.. gold c*
St. 0. Mad. < St. L. B e«—Stock. . . . . . . . . . . . .
6
...
Alton Bridge 1st M .,g.............................
' '¿*
St. Johnsbury <t L. Ohampl.—Stock, $l,298,500,*pf.
1st M.,.$2,500,000 ($1,328,000 gu. by B.&M.) gfo*
St. Joseph < Grand Island By.—Common stock...
&
1st preferred stock, 5 per cent, non-cum .......
2d preferred stock, 4 per cent, non-cum........
1st M., g., 2 p.o. 2 yrs., 3 p.c. 3 yrs., then 4..o*&r

97
45
All

$100
100
1855 100 &c.
1871
1,000
1874
1,000
1885
1885
1886
1888
1,000
1865
1,000
1891
1,000

"Ï7
13
14
28
28
9
150 ’ ¿8-71
134 1890
2 1889

120
120
120
7
67

" ib 'ó
1,000
1,000
100
1872 100 &c.
1891
1,000

1891
1893

131

1894

252

1897

1,000
100
1,000
50

1,000
100
100
100
1,000

In December, o.s93, $1,200,000 first mortgage 4s were issued for
improvements. This mortgage covers the 435 miles owned in fee,
i?c
ir miles
tramways, but not the Sevier Ry. securities nor
the Tmtio Range securities, both of whioh issues are available assets.
On June 30,1898, there were $800.000 firsts in the treasury. Bills and
notes for equipment, June 30,1898, $226,719
E arnings.—2 months, ) 1 8 9 8 ......... Gross, $544,770; net, $172,964
July 1 to Aug. 31.
) 1897...........Gross, 591,735; net, 241,100
A nnual R eport .—Fiscal year ends June 30. Annual meeting is held
on fourth Monday in October. Full report for 1897-98, with balanoe
eheet. etc., was in V. 67, p. 786, 794 See also editorial, p. 766.
Year end. June 30—
1898.
1897.
1896.
1895
582
546
531
531
Average mileage.......
Gross earnings...-----$3,362,288 $2,468,504 $2,457,359 $2,189,691
Net earnings_______ 1,182,739
H
758,615
f
------------ -869,659
667,094
N etincom e ................. 1,265,918
860,891
957,189
715,748
Interest on bonds........................... 608,000
608,000
608,000
608,000
Rental, etc..................
112,849
121,521
107,751
67,485
Div. on pref...............
324,778

$345,360
10, 000,000
417,800
500.000
9.076.000
100.000

175.000
130.000
375.000
350.000
400.000
250.000
2.223.000
2,000,000
50,000
4.239.100
1.464.100
2,035,900
255,700
See text.
500.000
500.000
3,848,590
2.328.000
4.600.000
5,497,600
3.430.000
3.500.000

T a b les.
Bonds—
Prinoi
pal, When Due1
Stocks—Last
Dividend.

6^4 J. & J Clinton, N. Y., by check Ju ly,’98,3*8%
5
Q.—F. N. Y., Or. Cent. Station. Aug. 16,’98.11
*
6
M. & a,
do
do
Sept. 1, 1910

7
5

& J. N. Y., Or. Cent. Station. July 1, 1901
A. & O.
do
do
July 1, 1922
do
do
July 1, 1915
do
do
Feb. 1, 1915
do
do
Apr. 1, 1916
M. & N.
do
do
May 1, 1918
M. & N.
do
do
May 1, 1915
F. & A.
do
do
May 1, 1915
do
do
M. & S.
do
do
Sep. SO/OSiSia
J. & J.
do
do
July 1, 1922
J. & J.
Philadelphia.
July 1, 1916
J. & J. See company’s office. July 1,’9 8 ,1%
M. & N. Boston, Globe Nat. Bk. Nov. 1, 1902
J. & J. N. Y., U. 8. Mort. & Tr. July 1, 1941
Q.—F. Troy, United Nat. B’nk. Aug.,’98, lifl%
M. & S.
Sept. 1, 1931

6
F. & A.
6
& A.
.
5«
■ & O

5 g.
7
5 g7
7

„ , Ì g'
5 g.
2 in 1898

6
4iflg.
6
5 g.

5 g. J. & J. Jan., ’96, coup, lastpd.

See text.
5 g M. & 8 Boston, Comp’ys Office, Mch. 1, 1944
All stoo k in vot ing trust for period s fated in text.
5 in 1898 J. & J. N. Y., Central Trust Co. July 15,’ 2 ^
98,
2-3-4 g. J. & J. N. Y., Central Tr. Co.

Jan. 1,1947

toR (?.st?AV^ * „ W h i t e h a l l R R . —Owns from New York State line
iho P a
9
1’
7 miles. Leased Feb. 1, 1870, in pe -petuity to
^ Rensselaer & Saratoga RR. (rental $15,342—6 per oent—on stock)
and so operated by Delaware & Hudson;
'I-7T ,1?Co1^ & H u r o n R R . —Owns Saginaw, Mich., to
Pftmmi.e’ 0f 7 miles. Opened as a standard gauge road June 2 9 ,1 8 ) 1.
u ® k authorized, $600,000; par $100. No first m o rtg i/e
,toi
bonds had been sold to October, 1898, but the $1,000,000 1»sued
fnrth^aimQ
ViU8^ e iS!on« !?,e T r u st Co.. N. Y., w -r j held as collateral
forthe floating debt of $1,327,140 on June 30,1898.
In year ending June 30,189«, gross, $122,133; net, $25,449; interest
Presiden^Saginaw ^ 5,036; balanoe, deficit, $49,587. Wm. L. Webber,
7

St. Clair M adison & St. L ou ts B elt R R . —Projected to run
£99* a P°mt in St. Charles Co., Mo., to Belleville, 111., about 40 miles via
hHrtf« a^ ° 8 t| ,6 Mississippi River at Alton, III. In October, 1894/ the
o ?bridge and 2miles of road were completed. The bridge is 2,100 feet
laid
Ji0U ler;tro0k;- Has direct track connection at West
^
^ ia p
j?
9 an„l
K
and
I l l , with
Total paym ents..$1,045,627
$729,521
$715,751
$675,485 the °C B. & Q , c. t? erP, O.-£ 0. & St.Mo. and& T. L. C. at Alton.railroads
&O
C.
L.
Sc.
& St P.
Balance..................sur.$220,291 sr.$131,370 sr.$241,438 sur.$40,263 i
L ™ .-in terest due July 1, 1896, was not paid, and on Jan.
A«’ if* 1 *v . Barnard was appointed receiver. A reorganization
v!67?p 424?’435!579,6766,4786,3794.f’ ?78’ 12225 V‘ 66, P* 1090 committee has been appointed but no plan to July, 1893. 8
B onds.—In addition to $500,000 first mortgage bonds sold, $ 109,000
r * G e n e s e e V a lle y R R ..—Owns from Avon to RochesWAUfli M l r i i 9 <8 „ Leased J ffiy 1,1871, in perpetuity, to Erie Railway are said to be outstanding as collateral for a loan of about $75,000
5i
Rental, $34,012. James Braokett, President, Rochester, N. Y.
J For year 1897-93, gross, $54,883; net, $23,636.
President, E. F.
Treas­
R o c k Isla n d dc P eoria R y .—Owns from Rook Island, 111., to urer, C. Hodgman,Leonard, Peoria, 111.; Secretary, B. L. Crosbv: p. 181.
300 North Fourth St., St. Louis, Mo. V. 64,
/ i K 9i1-i1
i?llen 5 R - L & Mercer County RR., 22 miles; branch, 5
miles, total 118 miles. In year ending June 30,1897 gross *567 827- J * t ; „ J
Lr°,1,18b“ r r * L a k e C h am p lain R R .—Owns Lunenberg .
toMfiquim Bay, on Lake Champlain, 120 mUes, and branoh from
net, $143,881; other income, $9,915; l i t e i l s t « b o n d W I ^ S div^
in
iiiS^ds
P' c-)> $75,000; balance, surplus for year, $36 796 In 1805- North Conoord, Vt., to East Haven, 11 miles; total, 131 miles. The road
’96- gross $620 566; net, $90,395’. D iv id e n d s T s ’p efcen t perain u m is operated independently although a majority of the stock is owned by
*
■
*
are pa id; in 1892 an extra dividend of 10 p. o. was p a id ; in 1896 an the Boston & Lowell, leased to Boston & Maine.
In year ending June 30,1897, gross, $353,645; def. under oneratiag
extra dividend o f 5 p. o. was paid. President, R. R. Cable.
$36,342; deficit, $107,913. In 1895-96, gross, $362,620.
'
i **om e * C lin ton R R . —Owns road from Rome to Clinton. N. Y
St. Joseph & Grand. Isla n d R y .—Line of R oad —St. Joseph.
13 miles. Organized in 1869. Leased in perpetuity in 1891 to D elaw are
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Plattsi &
l r
1
and operated by
Y .X t a r i o & W ° ctpiTal
stock, $345,360. For year ending June 30, 1898, rental. $22 3 75- burg. Mo. over S. F., 29 mile3, and Plattsburg to Kansas City, over K.
sundry expenses, $761; dividends (6^ per cent), $ 2 1,581-balance C. & Nor. Conn., 40 m iles; total trackage, 69 miles.
surplus, $33. Total surplus June 30,1898, $14,813.
’ Dalanoe’
HiSTORY.—A reorganization Feb. 23, 1897 (per p la n in V. 62 n
ito m e W iiterto w n & O gdensburg R R . — (S e e M a p N e w Y o r k 784,950), of the St. J. & Grand Island Railroad, sold in foreclosure!
C e n t r a l d H u d s o n R i v e r R a i l r o a d . ) — Owns from near Niagara Falls to
Stock.—A v oting trust will retain control for the first preferred stock
Massena Springs, N. Y 299 miles, less 28 miles, R ich la n d to E a s i for five years, unless the first preferred stock pays full dividends for
Oswego, leased from the Oswego &Rome RR.; Riohlandto Rome 41 miles- three consecutive years, after whioh the control shall rest with the
branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc.. 104 miles: first and second preferred stocks, and shall so continue for three vears
total owned, *±0 miles. Leases Utica & Black River Railroad Utica to thereafter, after whioh all stocks shall be entitled to equal vote. Vot­
Ogdensburg, and vJlavton branch, 150 m iles; Oswego & Rome Railroad ing trustees are F. P. Olcott, ,T. Kennedy Tod and Gordon Abbott.
?ntai)°A oi2^ miies; C
S
iartha.ee Watertown & Sackett’s Harbor, 30 m • D ividends .—On first preferred, in 1898, Jan., 2 ^ p. 0.; July, 2 ^ p. o.
total, 6 2 4 miles, ^ s o trackage—to Niagara Falls, 2 miles; Fultonto
East Oswego New York Ont. & Western 12 miles.
t0
B onds.—The 1st mort. interest is 2 p. 0. till Jan. 1. 1899; then 3 p 0
L ease .—In Maroh, 1891, leased during its corporate existence till Jan. 1, 1902 and thereafter 4 p. c. Bonds for $500,000 reserved
A
,e5.i?f new °°mpany cannot be issued to exceed $100,000 yearly.
and renewals thereof to the New York Central & Hudson River RR f0I!.U8
^,000,000 can be sold only for new mileage at not exceeding
1
Co., which assumes the debt and guarantees 5 per cent on the stock
For wording of guaranty see V. 52, p. 463. Stock increased * 5nn non $6,000 per mile; trustee, Central Trust Co., N. Y. See application for
listing on N. Y. Stock Exchange in June, 1897, in V. 64, p. 1138.
(to $10,000,000) in May, 1894. E a r n in g s a r e ¿ e lid e d t o les*see?s
The fixed annual charge, previously $420,000, will be for the first
„ R°N»S.—On June 30,1895, equipment trust obligations were -kqqq two years from Jan., 1897 (including charge on $500,000 reserved
828. U tic a & B l a c k R i v e r is leased in p e r p e tu itfr in te r e r o n S d s bonds), $30,000; folio wing 3 years, $120,000; after 5 years, $160,000.
I'QQiZ
being guaranteed. The first mortgage bonds of
E arnings.—2 months, ) 1898............Gross, $195,031; net, $43,321
18r&? a£e guaranteed, p. and i., by the R. W. & O. See V. 50 n 77V *
July 1 to Aug. 31.
s 1897...........Gross, 205,824; net,
80,024
The O s w eg o < R o m e road is leased in perpetuity, and the second
&
A nnual R eport .—Fiscal year ends June 30; first report with bal.
mortgage bonds guaranteed by Rome Watertown & Ogdensburl
Carthage Watertown & Sackett’ s Harbor is leased for 371« ner cent sheet m V. 65, p. 774. For 12 mos-ending June 30, 1897, gross, $939.o f gross earnings. (V. 53, p. 713,793,1015; V. 57, p. 1124; V. 58,P 73®?) 087; net, before deduct, taxes, $280,626. In 1897-8, gross, $1,232,499
p.
R u tla n d R R .—Owns Bellow’s Falls, Vt., to Burlington. Vt 120 1 For year ending Dao. 31, 1896, gross, $724,170; net available for
miles, and leases the Addison RR , Leicester Juno., Vt., to T i^ n derovl interest, $88,020. In 1895 gross, $614,078; net, $13,594.
Officers .—President, William L. Bull; Treasurer. Henry Bud^e :
N .^ lS m iie S o . T h e ro .d w a s le .s e d Jan. 1,1891, to Central Vermont
(see V. 53, p. 124), but on May 8,1896, the Rutland RR. resumed control Seo’y, W. 3. Wilson.—(V. 65, p. 7 7 4 ,1 2 2 2 ; V. 67, p. 127.)
St. Law rence & A d iron dack * y .—From Malone, N. Y. (ou
® i9 K
ir< AT^$SPelaware * Hudson owned $3,000,000 of the DrefcrrAd
and $1,000,000 o f the $2,480,600 common stock, par $100 but thev Mohawk & Malone) to Caughnawaga, 56 miles, connecting there with
the Canadian Paaiflo at its St. Lawrence River bridge for Montreal.
RR"® V 6 7 ,p 8 43
C
’ t0 P* W* Cl6ment’
of the Rutland H istory .—A consolidation in 1896 of the Malone & St. L., St. L &
Adirondack Ry. and Southwestern Ry. All the old bonds have been
Divid’n d s) Y e a r’88. ’ 89. ’ 90. ’ 91. ’ 92. ’93. ’94. ’95. ’ 96 ’ 97 ’ qs
retired. V. 63, p. 116. Stock increased in 1897 from $1,090,000 to
on pref. 5P.C. 1 113
3
2
4
4
4
4
2 l
2
$1,300,000. Loans and bills payable June 30, 1897, $3 <9,217, secured
Bonds.—The consolidated mortgage (trustee. U S Trust, rAmno„ „ presumably by default of second mortgage bonds, none of whioh had
of N. Y.) is for;$3 500,000, but o A h is $1,464?100^cL be i s s u e d S been sold to July 1, 1397. For year ending Juae 30, 1898, gross, $L48.in payment of 1st 6s in 1902. The refunding of the $1,369,900 second 528; net, $64,147; other inoome, $214; charges, $57,490; b a l. sur
mortgage 5s due Aug. 1, 1898, into consols, vested the first pen of the $6,870. Pres , W. Seward Webb. (V /63, p. 30,116.)
’
former in rolling stock and personal property in the consolidated
St. L ou is A lto n & Terre H au te R i t . —See I llinois Central .
issue, V. 66, p. 1190. On July 1,1898, notes payable (vere $145,000.
St. Lou is
Cairo R R .—(See Map Mobile &Ohio.)—Cairo to East
IMtaPORT.—Year 1897-8, gross, $738,«53; net, $283,040; other income $t. Louis and&branoh, 161 miles. Reorganized<after foreclosure July.
$29,398; interest and rentals, $207,886; taxes, $18,747; div * « 4 ™ '
1881. Stock
Jan., 1886, till Jan. 1,1931, to
bal., s u r , $1,023 Report for year ending June 30, 1897,wasin V 66 n the Mobile &is $6,500,000. Leased from oent of 150-6 tOths of the gross
Ohio
131,i showing: Gross, $713,514; net, $273,821; other income, $31 847: revenue of Mobile RR.—rental of 25 per E. Cairo and branches, of St.
& Ohio lrom Mobile to
interest and rentals. $203,921; taxes, $L2,589; dividends ¡M2 3 9 1 - L.
St.
being guaranteed
balahoe, surplus for year, $46,767. 3ee also Mr. Little’s rep ort—V 64 to & O. from Cairo to E. perL. & branches, this rental1896-7, $209,169
amount to
p. 606. President, Percival W. Clement.—(V. 67, p. 127, 843 j
'
’ Dividends.—In$165,000 p. 0.; year. Rental for year 23;V97-8,inone.
’93-4, 4*
'94-5, * ’ 95-6, a5; ’96-7,
4;




O ctober , 18fe8. J

RAILRO AD

STOCKS A N D

lits

bonds

Subscribers w i ll confer a great favor by g iv in g Im m ed iate notice o f any error discovered in these T a b les.
RAILROADS.
INTEREST OR DIVIDENDS.
I p ^ ^ n Due.
Miles Date Size, or
Amount
When Where Payable and by Stocks—Last
of
For explanation of column headings, Ac., see notes of
Par
Outstanding Rate per Payable
Dividend.
Whom.
Road. Bonds Value.
Cent.
on first page of tables.
S t. L a w r e n c e dk A d i r o n d a c k R y . —Stock....................

$100 $1,300.000
56 1896
1st mortgage, $800,000, gold...............................c*
1,01)0
800,000
5 g.
56 1896
2d mortgage. $400.000, gold .................................
(?)
6 g.
—
1896
St. L. < Ad. Equipment Co., equipment m ort---fe
(?)
¡St. L o u i s A lto n & T e r r e H .— S I llinois Central .
ee
161 1886 500Ac.
S t. L o u i s < C a i r o — 1 s t M., gold, int. guar. M. & O..C
&
4,000,000
4 g___ 1880-5 1,000
S t.L . C a p e O i r a r d 'u <6 FI. S m ith —Old div’l bonds, g.
111,000
6 g.
94 1888
Cape Girardeau S.W. consol, mortgage.......... gold
1,000
535,000
6 g.
65 1890
Arkansas Extension 1st mortgage, g old ... e*«fcr
1,000
10,000
6 g.
St. L o u i s C h ic. & St. P a u l R y . —Stock, $1,500,000..
1,500,000
1897
3,000
1,250,000
5 g.
1st mortgage, $1,500,000, gold, M e................ xc*
1,000
2d mortgage, income 6s, non-eum., gold, A .. .xc*
1897
1,235,000
6
103 1886
1,000
S t. L o u i s <£ H a n n i b a l —1st mort.. $600,000..........c
7
380,000
. . . . 1896
S t. L . I n d . d E .— Pr. lien M., $300,000 g., red. at par
1,000
188,000
6 g.
1,000
1st mortgage, $5,000,0« 0. gold............................... ___ 1890
790.000
5 g___ 1886
St. L o u i s K a n s a s <6 S o u t h w e s te r n —1st mort., gold.
890.000
6 g.
20 1891
St. L o u i s K e n n e t t d S o u t h e r n . —1st mort., gold...c*
1,000
135,000
6 g.
25 1894
1,000
Pemiscot Div. IstM ., gold. TJSt..........................c*
150,000
6 g.
20 1897
1,000
Kennett & Osceolo RR. 1st M., gold, C S t........c*
70,000
6 g.
. . . . 1890 500 Ac.
St. L o u i s M e r c h a n ts ' B r .T e r m . —istM ., gu.p.&i.,g.o
3,500,000
5 g.
. . . . 1889
6
Merch. Bridge 1st M., red.after Feb 1,1909, at 110
1,000
2,000,000
. . . . 1898
St. L o u i s & O k la h o m a C it y —IstM., $2,052,000. SSt
(?)
5 g.
___
S t. L o u 'S P e o r i a d n o r t h e r n — Stock, $5,000.000....
100
3,290,000
14 1889
Mt. Olive Coal Oo. and St. L. & Peoria 1st mort..
182,000
5
1st mortgage, gold, $5,000,000, C e.. .......... c*«fcr ___ 1896
1,000
2,960,000
5 g.
:...
S t . L o u i s & S a n F r a n c i s c o H R .—Com. stock... 1,282
100 26,338,105
....
1st preferred stock. 4 per cent, non-cum............. 1,282
100
5,000,000 4 in ’98
....
2d pref. stock. 4 per cent, non-cum., $16,000,000 1,282
100 14,272,047
2d mort. (now 1st), A, gold ) (Pacific to Seneca,c* 294 1876 100 &c.
500,000
6 g.
294 1876 500 Ac.
do
Series B, gold........ V Mo., A branches, c*
2,718,500
6 g.
294 1876 500 Ac.
do
Series C, gold........ )
294 miles.
c*
2,400,000
6 g.
82 1879
Mo. & W. Div. 1st M., g.,$5,000yearly dr.at 105. .o*
1.000
1,025,000
6 g.
St. L o u is Cape G irardeau & F o rt S m ith R y .—Owns from
Cape Girardeau, Mo., to Hunter, Mo., 9 4 miles; leases branch to Zalma,
9 miles; total operated, 103 miles. Successor in 1891 to Cape Girar­
deau Southw. March 4,1893, Louis Houck was appointed receiver.
Stock $1,150,000; par $100. A general mortgage for $7,500,000
was authorized. There are also outstanding $150,000 7 per cent
incomes. Cape G. & S. W. consol. 6s for about $850,000 are repre­
sented by the Consol. Bondholders’ Committee; depositary, U. S. Mort­
gage & Trust Go., New York.
E arnings .—For year ending Deo. 31, 1896, gross, $113,048; net,
$1,082. No interest paid. In 1895, gross, $112,713.—V. 63, p. 407.
St. L o u is Chicago Sc St. P a u l R y . o f I llin o is .—Road—Owns
from Springfield, 111., to GraniteCity, 111., 103 miles; branch to Grafton,
8 miles. Connects at East St. Louis with Terminal Ry. for St. Louis, etc.
A reor ganization (per plan in V. 64, p. 708) of the St. L. C. & St. P.
Railroad sold in foreclosure April 3,1897. Capital stock, $1.500,000.
On Oct. 1,1898, Win. H. Male, of New York, was appointed receiver,
and it was understood the pr operty would, after foreclosure, be con­
solidated with the Chicago Peoria & St. Louis, controlled in the same
interests.—V 67, p. 737.
E arnings .— lu year ending Tune 30, 1898, gross, $325,303 In 1896■97, gross, $306,689; net, $24,870. In 1895-96, gross, $290,727; net,
$34,975. In 1894-95, gross, $238,223 net, $51,684. President, Charles
E. Kimball, New Y'ork.—(Y. 66, p. 135; V. 67, p. 737.)
St. L o u is & H a n n ib a l R y .—Hannibal to Gilmore, Md , 85 miles;
Rail’s Junction to Perry, Mo., 18 miles; total, 104 miles. Stock, au­
thorized, $1,000,000; par. $100; out-tanding, $462,000. There are
also $250,000 income bonds outstanding. Year ending-I une 30,1897,
gross, $129,949; net, $19,381, against $z7,414 in 1895-6; total deduc­
tions, $34,297: deficit, $14.916. President, S. S. Palmer; Sec. and Treas.,
M. T. Cox, 52 Wall Street, New York.
St. to u ts In d ia n a p o lis .& Eastern R R .—Switz City, Ind., to
Effingham, 111., 90 miles. Organized in 1890 as successor to the
Indiana & Illinois Southern RR., sold in foreclosure, but the property
is still operated under the old name.
Capital stock issued is $740,900 (par $100), of whioh $1,900 is com­
mon; authorized $6,792,000 common aud $4,528,000 of 5 p. c. pre­
ferred. Mortgage trustee. Central Trust Co., New York, and Medford
B. Wilson, of Indianapolis. Year ending June 30,1898, gross, $l<)9,305;
net, $17,886; interest and taxes, $25,631; balance, delicit for year,
=$7,748. Bills payable, June 30, 1898, $18,706; car trusts, $10,568.
President, W. H. A lle j, Chicago, 111.
St. L o u is Iro n H t . & South. R y .—See Mo. Pac. R y. S ystem .
St. L o u is K a n s a s Sc Sou th w estern R R .—Arkansas Citv to
Anthony, Kan., 59 miles. In Oct., 1898, all but 172 bonds had ac­
cepted oiler of St. L. & S. F. of 18 shares of its common stock in re
•epect of the claim of each $1,000 bond aud deposited bonds with Amer.
L. & Tr. Co., Boston. Road still operated by Receiv er. Sold Oct. 22,
1898, to Samuel Baker, of Hamilton, Ont., representing the bond­
holders. Y. 66, p. 811; V. 67, p. 579.
St. L o u is m erch an ts’ ISrldge T erm in a l R y .—Or g a n iza ­
t io n . —Organized to construct a double-track railroad in the oity of
St. Louis, extending from near the Union Depot on 12th Street, via Main
Street, Hall Street, Ac., to Ferry Street opposite the Merchants’ Bridge,
7 miles. It owns and controls the Madison 111. & St. L. Ry., connect­
in g the town of Madison and East St. Louis, 8 m iles; and leases the
Venice & Carondelet Belt RR., which forms an outside belt round East
*St. Louis, 10 m iles; total, 25 miles. It leases the Merchants’ Bridge,
agreeing to pay the interest on the Bridge Co’s $2,000,000 bonds.
B onds —Both issues are subject to call after 20 years at 110 and in­
terest. Stock authorized, $3,500,000; issued to July 1,1897, $2,939,500;
par, $100. On Dec. 31,1896, there was due to Terminal RR. of St. L.
$868,489 for advances under its guaranty. In Nov., 1893, Terminal
RR. Association of St. Louis acquired control of this company and
guaranteed by endorsement the principal and interest of its $3,500,000
first mort. bonds and the interest on the $2,000,000 Merchants’ Bridge
first 6s. The properties are operated jointly.
E arn in g s .—Year ending Dec. 31, 1897, gross. $649,144; net over
taxes and rentals, $118,230; interest, $194,62 i; deficit, $76,390. In
1896, gross, $609,586; net, $86,375 over rentals; interest charges,
$199,011; balance, detioit for year, $112,636. (V. 62, p. 36 2 .)
St. L o u is Sc O k la h o m a City R y .—(See Map St. '.ouisd San
Francisco.)—Under construction from Sapulpa, Indian Territory, on
St. Louis A San. Francisco RR.. to Oklahoma City, 103 miles. The
>roadis expected to be completed in Oct., 1898. when it will be oper­
ated under traffic contract for thirty years by St. L & 8. F. RR . which
has purchased the stock. First mortgage 5 per cents for $2.052,000 at
rate o f $19,0 »0 a mile, nave been authorized, but onlv $1,962,000 will
be issued. Pres. Win L. Huse ; Secy, and Treas, Ailen T. West, St.
Louis, Mo.—(V. 66, p, 338.)
St. L ou is P eoria Sc northern R y .—[Peoria Short Line.)—Road
runs from St. Louis, Mo., to Peoria, 111., 164 5 miles, of whioh L43
miles is owned and 14 miles from Gle \ Carbon to St. Louis is track­
age; extension, Springfield to Peoria, 63-8 miles, included iu foregoing,
was opened May 1,1898. See description V. 66, p. 1002. In October,
1898, $13,000,000 was subscribed to make important extensions to
Clinton, la., to connect with the St. Paul and Northwest systems, and




J. A J. N. Y., Cont’l Trust Co. July 1, 1996
do
do
J. A J.
J.
M.
M.
J.

A
A
A
A

J. N. Y., Farm. L. A Tr. Co. Jan. 1, 1931
Sep.1900-1-2-5
In default.
S.
Sept. 1, 1908
In default.
8.
Jan., 1910
J.
In default.

M. A N. Nov., ’97, int’st last pd. Nov. 1, 1927
Nov. 1, 1927
1936
In default.
J. A J.
J. A J. Am. Tr. A Sav.Bk.,Chio. Moh. 1, 1940
Moh. 1, 1940
M. A S.
M. A S.
Sept. 1, 1916
See text.
Feb. 1, 1921
F. A A.
St. Louis, Mo.
A. A O.
1914
do
J. & D.
do
1917
A. A O. N.Y.,F’rs L. ATr. A St.L. Oot. 1, 1930
F. A A. N. Y ., Farm. L. A Tr. Co. Feb. 1. 1929
M. A S. St. Louis Tr. Co., St. L.
1928
M. A N. N. Y.,Mait.,Coppell A Co
1929
M. A N.
do
do
May 1, 1936
J. & J.
M.
M.
M.
F.

A
A
A
A

Checks mailed.

N. New York, Mercan. Tr.
N.
do
do
N.
do
do
A. N. Y „ United States Tr.

July 6, ’ 98,2%
July 6 ,'9 8 ,1 %
Nov. 1, 1906
Nov. 1, 1906
Nov. 1, 1906
Aug. 1, 1919

to Chicago, with branches, making a system in all of about 520 miles
—V. 67, p. 843.
H is t o r y .—A consolidation July 1,1896, of the St. Louis & Eastern,jSt
Louis & Peoria, North & South RR. of 111 and Madison Coal Co. and
Mt. Ollwe Co. Coal properties capacity, 6,000 tons per day.
B onds .—First 5s of 1896 reserved as follows: $182,000 for St. L. A
Peoria firsts; $150,000 to build or acquire a line from Glen Carbon
to Merchants’ Bridge, St. Louis; balance at $20,000 per mile, including
equipment for each mile acquired north of Springfield, 111. The mort­
gage covers the railroad, its equipment, about 4,500 acres of ooal,
etc., as stated In V. 62, p. 1179, the Madison Ooal Co. joining in mort­
gage and pledging its property and income. President. Wm. E. Guy,
St. Louis, Mo.—V. 62, p. 1042, 1179; V. 66, p. 1002 ; Y. 67, p. 843.)
St. L ou is Sc San F ran cisco R R . —fSee M a p .) — Em braces:
L in e s ow n ed —
M ile s . I
M ile s .
St. Louis, Mo., to Paris, Tax. 584 Seneca, Mo., to Sapulpa, I. T. 112
vfnnett, M.»., to Seneca, Mo . 45 ' St' L »uis Salem .« Ark. R R ..
54
Pierce Oity, Mo.,to Wichita, K. 217 |
-------Bra « hes io Solivar, etc....... 208 | Total ow ned June 3 0 ,1898.1,282
Beaumont to Cale, K m ........
62 j
Organization —Organ'zed June 30,1891, to suoo-ed to the oroperty
an i franchises of tue R a i l w a y company so d in fore losu e and reorga ized er plan i i V. 6 ’. p. 829 and 1140—.see also p 742. The new
compauy elected not to take the stock a d leases of the St. Louis Kan­
sas < Southwestern (whose bonds were offered $1,800 in St. L. & S. F.
m
common stock for each $1,000 bond, in Oct., 1897. V. 65, p. 730,925),
and Kans as Mi (land. See V. 65, p. 925. Central Division of Atlantic
A Paeifio, 112 miles, was purchased in July. 189
V. 6 • p. 150.
,
A 25 year agreement was made with K. C. Osceola & Southern RR.
in November, 1897 ; that road runs from Kansas City to Osceola, 112
miles, and will build from Osceola to the St.
A 8. F. at Bolivar, Mo.,
40 miles, making 152 miles i all. V. 65, p. 879. 926. Kansas City
to Osceola, and Kansas Midland Ry., Wiohita to Ellsworth, Kan.,' 105
miles, operated as a part of the St. L. & S. F. from Sept. 1, 1898. V.
67, p 372. The Kansas City Suburban Belc terminal will afford an
entrauoe into Kansas City
In Febrtiary, 1898, the St. Louis A Oklahoma City Ry. Co. was or­
ganized to build a road from Sapulpa, Ind. Ter., to Oklahoma City,
108 miles. The road when completed will be operated under a traffio
agreement with the St. L.&S.F., which will own the stock. V .66,p 338.
Stock and V oting Trust .—As protection to the new mortgage
bonds, all classes of stock (except shares to qualify directors) are
vested in the follewing voting trusts s : John A Stewart, i.ouis Fitz­
gerald, J. Kenn -dy Tod, Isaao N Sellgrn tn. enlamin P. Cheney, Sam­
uel 1 . Eastman and James A. Blair, to tie held by them and their
successors jointly for five years, and for such further period o f any;
as shall elapse befo e the first preferred stock shall have received a 4
per cent cash dii idend for two consecutive years, although the voting
trustees may, in their discretion, deliver the stock at any earlier date,
but not in any event prior to Jan. 1, 1902, save with the consent of
the holders of at least two-thirds in amount of the neneflo al interest
certificates of each class. Voting trust is dated July 1, 1896,
The new company reserves the right at any time to redeem
either or both classes of its preferred stock at par in cash. Provisions
of the voting trust and preferred stock oertificat es were given in Sup­
plement of April, 1897, page 6. Common authorized, $29,000,000 ;
isted on N. Y. Stock Ex. to Jan. 17, 1898, $26,425,980.
D ividends .—1st preferred___1897, 2 per oent.; 1898, 4 per cent.
2d preferred___1897,
............. ; 1898, 1 per oent.
Bonds —
The consolidated mortgage (trustees, Mercantile Trust Co.,
N. Y., and Paschal P. Carr, of St. Louis) for $50,000,000 (abstract in
V. 64, p. 186.) is secured upon all properties aud securities embraced
in the reorganization and also all other property hereafter acquired by
use of any of the new bonds. Enough new bonds at the rate of
80 per cent (approximately $39,072,000) are reserved for the retire­
ment of all outstanding undisturbed issues. The bonds not required
for reorganization will be reserved for betterments, equipment, etc.,
to an extent of not exceeding $300,000 in any one year. V. 64, p. 182.
S o u tiw e ^ t e r n D iv is io n , bonds are secured ou the 112 miles old Central
Division of Atlantic & Pacific purchased in Dec., 1897.—V. 66, p. 83.
G eneral F inances.—By reorganization the interest chirges were re­
duced irom $2,531,674 to $1,994,330.
_
E arnings.—2 months, > 1898_ Gross, $1,093,801; net, $399,012
July 1 to Aug 31.
) 1897.. Gross, 1,143,801; net,
495,681
A nnu vl R eport .—Second annual report of reorganized company was
given at length in V. 67, p. 631,644. See also editorial p. 613.
1847-98.
1896-97.
1895-96.
1894-95.
Gross earnings-------- $6,-86.467 $5,993,336 $6,162,055 $6,081,424
Net earnings ............ 2,456,358
2,509,708
2,416,507 2,539,291
Total uet incom e_ 2,926,118
_
2,516,771
Payments—interest.. 2,037,997
1,994,524
Tax s .....................
i 88.404
1 7 1,257 ) Reorganized company
Miscellaneous .......
13,272
19,9*26 > took possession July
Div. on 1st pref..(4%)200,000 (2%)10o’,OuO ) 1,189
Div. on 2d pref (1%) 16o,000
............
Balance, surplus. $326,445

$231,067

126




INVESTOKS

SUPPLEMENT,

[VOL. LXY 1I,

O ctober , 1898.]

127

K ALLEO AD STOCKS AND BONDS.

Subscribers w i ll con fer a great fa v o r by g iv in g im m ed ia te n otice o f an y error discovered in these T a b les.
B o n d s —Princi­
INTEREST OR DIVIDENDS.
pal,When Due.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by S to c k s —Last
of
Par Outstanding
F or explanation o f column headings, &o.t see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
S t . L o u i s dt S a n F r a n c i s c o — < C o n c l u d e d )—

St. L, & San F. col.trust gold, sink. fd. not drawn, c* 104 1880
1881
Gen. M., g. (1st on 365 m.) $7,807,000 are 6s.c*
57 1887
Collât. Tr. M. onbr’ ches ($20,000 p. m.),gold. .o*
1,162 1896
New Consol, mort., $50,000,000, gold, no option
Southwest Div. M. $1,500,000 red. at par, g.C ec* 112 1897
St. L.Wich. & W. 1st M., red. at 105, gold........ . . . c* 145 1879
1885
Ft. S. & V . B . B r i d g e l s t M . , g . , d r . a t l 0 5 , g u a r . p . & i . c *
. . . . 1896
S t. L o u i s S ilo a m dt S o u t h e r n —1 s t M., $ 8 ,0 0 0 ,0 0 0 , g.
St. L o u i s S o u th w e s te r n —Common s to c k .................
Preferred stock (5 per cent non-cumulative)........
1st m ort.certificates, $16,500p.m ., g o ld ......c 1,222 1890
2d M.income cert., $10,000,000,non-cum.,gold.o* 1,222 1890
1891
Car trusts July 1,1898 ..................................... •--1897
Gray’s Pt. Term’l,lstM .,gu.,p.& i.e.g„S.St...c& r —
S t. L o u i s V a n d a l i a dt T. H a u t e —B onds—See T e x t .
St. P a u l dt D u l u t h — C o m m o n stock............................
Pref. 7 per cent stock and scrip subj. to call at par
1st mortgage.......................................................... °* 3.67 1881
167 1887
2d mortgage............................................. . . . . . . . . c
21 1884
Taylor’ s Falls & Lake Sup., 1st M. gu., s. f. not dr.c
25 1886
Duluth Short L. IstM , guar.,p.&i.,s.f. not dr’n.o*
12 1870
Stillwater & St. Paul 1st mortgage, g o ld ............
St. Paul & Duluth consol, mort.. $5,000,000.«*.. 226 1898
56 1883
S t. P a u l E a s t e r n dt O r. T r u n k —IstM ., g-,int. g u .c'
St. P a u l M i n n . dt M a n it o b a — See Great Northern—
St. P a u l dt N o . P a c i f i c — See No . P acific RR.
1893
—
S a l t L a k e dt L o s A n g e le s — 1st mortgage (text)....o
S a n A n t o n i o dt A r a n s a s P a s s —Stock..................
1st M. for $21,600,000 g., guar. p. & i. (end.) .c'&r 687 1893
Equipment trust notes Jan. 1 ,1 89 6 .............
b l n oompa
a Of which $415,000 are in Co.’s treasury.

$967,000
6 g
$1,000
1,000 20,100,000 5 & 6 g.
5 g.
1,099,000
1,000
1,000 a6,803,600
4 g.
5 g.
1,500,000
1,000
2,000,000
6 g.
i;o o o
6 g.
304,000
1,000
100 Ja n ’98,none
5 g.
100 b 16,500,000
100 c 20,000,000
1,000 20,000,000
4 g8,000,000
500 &o.
4 g.
6&7
335,741
various
5 g.
(?)
100
100
1,000
1,000
1,000
1,000
«600 &c.

4,660,207
4,790,962 7 in
1,000,000
2,000,000
210,000
500,000
209,500
None O ct’98
1,000
1,120,000

1898
5
5
6
5
7
4
6 g.

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A.
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& O.
& J.
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& 8.
& O.
& N.

N. Y., United States Tr.
N. Y., Mercantile Trust.
N. Y., Union Trust Co.
N. y., Mercantile Trust.
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N. Y., Mercantile Trust.
do
do
N. Y., U. S. Mort. & Tr.

M. & N. N. Y., Central Trust Co. Nov. 1. 1989
Nov. 1, 1989
When earned.
J. & J.
To 1903
various N. Y.,Central Trust Co.
J. & D. St.L.,St. Louis Trust Co. Dec. 31,1947
M.
F.
A.
J.
M.
J.
J.
J.

&
&
&
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&
&
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&

N. Y., Of., 32 Nassau St.
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Salt Lake City.
6
J. & J.
300,000
5,000,000
18,886,000
4 g. J. & J. N. Y., Cent. Trust Co.
352,575
c 106,350.
ny’ s tre asury June .30,1898, $143,90 0
1,000
100
1,000

In 1897-98 other income $69,760, making total net $2,737,714. Int
erest on bonds $2,037,997; rentals, etc., $13,272; dividend on lspreferred (4 p. c.), and on 2d pref. (1 p. e.), $360,000. Balance, surplus
f o r year, $326,445.
Off ic e r s —D. B. Robinson, President; B. F. Yoakum, Vice-President
and General Manager; Frank H. Hamilton, Secretary and Treasurer.
D ir e c to r s —(Nov., ’97) J. K. Tod, Isaac N. Seligman, J. A. Blair, E. C.
Henderson, Fred’k Strauss, of New York; Benj. P. Cheney, Richard
Olney, of Boston, Mass.; Samuel C. Eastman, Concord, N. H.; Charles
S. Gleed, Topeka, K a n .; Geo. A. Madill, Richard C. Kerens, Daniel B.
Robinson, St. Louis; Henry K. McHarg.—(V. 67, p. 6 3 1 , 644.)
St. Louie S iloam Sc Southern B B , - See V. 63, p. 30.
« , Louie Sou th w estern R y .—Road extends from Bird’s Point,
Mo., opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by
the Texas road to Gatesville, 305 miles; total, main line. 723 miles;
branches, Mt. Pleasant to Sherman, 110 miles; Tyler to Lufkin (narrow,
gauge). 88 miles; Corsicana to Hillsboro, Tex., 40 miles; Commerce to
Fort Worth, 97 miles; Lewisville, Ark., to Shreveport, La., 60 miles;
Altheimer to Little Rock, Ark., 42 miles; Malden, Mo., to Delta. 51
miles; other branches, 12 miles; total, July, 1898,1,223 miles. Has
trackage rights to Cape Girardeau, 15 miles; also from Wylie, Tex.,
to Dallas, and Wolfe Citv to Sherman. See annual report for 1897-98.
Gray’s Point Terminal Ry., Delta to Gray’s Pt., 15 miles, expected to
be completed during Oot., 1898.
O rganization ?—Reorganization per plan in V. 50, p. 141, 561 of St.
Louis Arkansas & Texas, sold in foreclosure in October, 1890. Consists
o f three corporations—the St. Louis Southwestern Railway Co., the St.
Louis Southwestern Railway Co. of Texas and the Tyler Southeastern.
B onds.—The f i r s t m o r t g a g e certificates are issued against a like
amount of first mortgage bonds secured upon the constituent lines at
a rate not exceeding $16,500 per mile, and the second mortgage certifi­
cates against second mortgage bonds at $8,250 per mile. No 2d mort­
gage interest has been paid.
Gray’ s Point Terminal Ry. was completed in May, 1898, from Delta
o Gray’ s Point. 15 miles; its $500,000 of bonds at $15,000 per mile
re guaranteed by the St. L. Southw., principal and interest St. L. So.
W. owns all capital stock.- (V. 65, p. 413.)
July 1', 1898, current liabilities, $919,906; notes payable, $337,639.
There are some St. L. Ark. & Texas car trusts outstanding. Current
assets, $728,553, including $291,312 materials and-supplies on h an d;
there are also in treasury $143,900 (at par) St. Louis S. W. common and
$106,350 preferred, and other securities, valued in all at $302,187.
L atest E arn in g s .—Jan. 1 to Oct. 7, 9 X months, gross, $3,830,433
4
n 1898; $3,374,530 in 1897.
A n n ual R e p o r t .—Annual meeting is held at St. Louis, Mo., on the
first Tuesday in October. Report for 1897-98 was in V. 67, p. 786.
Y e a r e n d i n g J u n e 'S O — 1898.
1897.
1896.
1895.
Miles operated.............
1,223
1,223
1,223
1,223
Gross earnings............. $5,279,332 $4,743,546 $4,904,489 $5,217,175
Operating expenses... 4,173,328
3,855,888 4,132,375 3,977,221

Aug. 1, 1920
July 1, 1931
Oot. 1, 1987
July 1, 1996
Oct. 1, 1947
Sept. 1, 1919
Apr. 1, 1910
1946

July 5, 1887
Sep. 1,98, 4ifl%
Aug. 1, 1931
Oct. 1, 1917
Jan. 1, 1914
Sept. 1, 1916
Deo. 1, 1900
June 1, 1968
Jan, 1, 1913
Jan. 1, 1913
Jan" "Ì,"*Ì943

St. P a u l Sc D u lu th R R . —Owned St. Paul, Minn.,to Duluth, Minn.,
155 miles (less 9 miles not operated); branches, 29 miles; about to be
merged by consolidation; Stillwater & St. Paul RR., 13 miles; Taylor’ s
Falls & Lake Superior, 20 m iles; Duluth Short Line, Thomson to West
Superior, 18 m iles; leased, 19 miles; total, 245 miles. Seoond track,
17 miles. Between Carlton and Duluth, 24 miles, road is owned
jointly with the Nor. Pacific, but the 14 miles between Thomson and
West End are little used, the Duluth Short Line affording the St. P.
< D. access to Duluth. Uses Minn. & St. L. terminals at Minneapolis.
fe
Stockholders voted Oct. 13, 1898, to consolidate the branoh lines.
V. 67, p. 734.
H is t o r y .—Soid in foreclosure May 1,1877, and reorganized.
Ca p it a l St o c k .—From the earnings of the railroad the preferred
stock has a prior right to 7 per cent yearly, then common to 6 per
cent, any surplus going to retirement of preferred. The preferred
stock is also received in payment for lands at par, and is entitled to
receive from land sales any part of its 7 per cent dividend yearly for
which railroad earnings do not suffice. The preferred is subject to
call at par for redemption with land sales, after drawing by lot, if not
purchasable below par in the open market, the sums applied to its re­
demption and retirement being as folio v s : In 1891, $182,000; 1892,
$226.000; 1893, $165,000. V. 57, p. 61. Three shares of common stock
have one vote and each share of preferred has one vote. When the
$690,776 due the land and stumpage fund is restored, through sale of
the consols of 1898, that amount will be applicable to reduction of pre­
ferred stock under above right of redemption.
D iv id e n d s .— ) 1884. ’ 85-’ 88. ’ 89. ’90. ’91-’93. ’94toM ar.’ 98. 8ept.’ 98
On.pref.—p. c. s t3»g 7 yr’l.v. 5^ 6 ^ 7 yr’ly.
5 yearly.
4^
On common—In 1887 3 and 15 in common stock t And 7 % stock
B onds .—The consolidated mortgage of 1898 is limited to $5,000,000,
of which $3,000,000 reserved to retire at mar.uritv a like amount of
first and second mortgage bonds due in 1917 and 1931. The remain­
ing $2,000,000 are applicable (l) to retirement of the $919,500 branch
line bonds; (2) to restoration of $690,776 to land aud stumpage trust
fund; (3) to air brakes, reduction of grades, new equipment, etc.—see
V. 66, p. 338, 761; V. 67, p. 734. L ands .—The company has a land grant, of which 939,576 acres re­
mained unsold June 30,1898, and 57,952 acres of the Taylor’s Falls
branch grant. In year 1897-98 sales from company’ s grant were
48,582 acres for $201,466, and gross cash receipts were $249,664 (of
which $133,823 from stumpage); net income, $204,053.
L atest E arnings .—Jan. 1 to Sept. 30,9’months, gross, $1,157,134 in
1898; $1,094,323 in 1897.
A nnual R e p o r t .—Fiscal year ends June 30. Annual meeting at St.
Paul second Thursday in October. Report for 1897-98 in V. 67, p. 734.
Y e a r e n d . J u n e 30—
1898.
1897.
1896.
1895.
Gross earnings.......... $1,648,635 $1,564,104 $1,587,-863 $1,423,307
Op. expen. and taxes. 1,221,995
1,203,051
1,280,524
1,060,915

Netearnings............ $426,640
$361,053
$307,339
$362,392
Total net income........ $462,238
$420,946
$385,439
$402,650
135,164
134,558
130,819
119,944
Net earnings.............$1,106,004
$887,658
$772,114 $1,239,954 Rentals paid...............
Interest on b o n d s ___
150,000
150,000
150,000
150,000
P. c. op. ex. to earns... (79-05)
(81-29)
(84*26)
(76*23)
Tot. net, incl. Other in c.$1,114,911
$891,242
$782, L92 $1,264,273 Dividends....... .......... (5) 239,505 (5) 239,505 (5)239,505 (5) 239,475
810
14,604
53,523
68,003
Taxes...............................
131,007
121,485
128,552
117,729 Miscellaneous,............
Interest on bonds..........
800,000
800,000
800,000
800,000
Bal. from RR. oper. df.$63,241 df.$117,721 df.$188,408 df.$174,772
Rentals, etc.............
26,613
32,944
31,490
40.354
Stumpage and lands.. $157,001
$104,418
$2 42,483
$116,652
Balance................sur.$157,291 df.$63,189 df.$177,850 sr.$306,190 - ( V . 65, p.725, 7 7 4 ; V. 66,p. 338,761; Y. 67, p. 275, 7 3 4 .)
St. P a u l E a stern G rand T r u n k R y .—( S e e M a p C h i c a g o dt
President, S, W. Fordyce; Vice-Pres., Edwin Gould.—(V. 67, p. 786.)
N. W )—
Oconto
Wis.. 56 miles. Leased
St. L o u is V a n d a lia & T erre H a u te R R . —(S e e M a p P itts b . Oot. .30,Owns from 99 years to Clintonville, Lake Shore & Western.
1894, lor
to Milwaukee
O i n c i n . C h ic , dt St. L . ) —East St. Louis to Indiana State line. 158 miles.
Rental 30 per cent of gross earnings, interest on bonds being guaran­
L ease .—Leased for 999 years from 1870 to Terre Haute & Indianap. teed. Lease acquired Aug. 16. 1893, by Chicago & North Western
RR. at rental of 30 per cent of gross earnings—
profits and losses as through purchase of Milwaukee Lake Shore & Western.
signed to, lessees in proportion of five-sevenths to Pittsburg Cin. Chic.
St. P a u l Sc N orth ern Pacific R y .—Merged in Nor. Pac. RR.
& St. L. and two-sevenths to Terre Haute & Indianapolis. V. 54, p. 846.
Salt L ake Sc L o s A n geles R R . —Road from Salt Lake to SaltCa p it a l Sto c k .—Stock, $2,379,358 common and $1,544,700 of 7
air Beach, Utah, 15 miles, standard gauge—see V. 65, p. 824. Stock
per cent cumulative p ref.; par $100. The Terre Haute & Indian­
were outstanding. For
apolis owns $326,000 preferred and $500,000 common stock, the Penn­ $150,000. In 1896 $300,000 first 6s$5,633, against $10,356 year ending
in 1895-96;
sylvania RR. $837,000 preferred, $653,000 2d mort. 7s and $1,348,- June 30,1897, gross, $34,964; net,
OOO 1st 7s, and the Pennsylvania Co., Deo., 1896, $1,350,000 common other deductions, $20,179; bal., deficit, $ 1 4 ,5 4 6 .-7 . 65, p. 824.
San A n ton io Sc A ra n sa s Pass R y . —Owns from Kerrville to
and $381,700 preferred. In 1891 and 1892 back dividends on preferred
were paid for 1879 to 1884; for 1885, 7 p. c. in 1894; for 1886, (No. 9) Houston, 308 miles; Kenedy to Corpus Christi, Tex., 90 miles ; Yoak
um to Waco, 171 m iles; Skidmore to Alioe, 43 miles, Shiner to Lock­
7 p . c. in 1895; for 1887 (No. 10), 7 p. o. in Feb., 1896; in 1897, none.
B onds .—The first mortgage bonds due Jan. 1, 1897 ($1,896.000), hart, 54 m.; branoh, 21 m.; total, 687 m , all 50-lb. steel.
H is t o r y .—Reorganized without foreclosure sale in 1893, manage*
were purchased at maturity by the Pennsylvania RR. Co. V. 64, p.
420. The $2,600,000 second mortgage bonds were purchased May 1, ment passing to So. Pac., which owns $2,000,000 stock.
1898, by Pennsylvania Company. V. 66, p. 761, 811.
B onds .—Mortgage is for $21,600,000 (trustee, Central Trust Co.)
and the So. Pacific Co. by endorsement on each bond guarantees un­
A n n ual R e p o r t .—Report for year 1896-7 in V. 66, p. 331, show ed:
conditionally “ the punctual payment of the principal and interest.’
Y r . e n d . O ct. 31.
C ross.
O p er’g e x p ’ s.
N e t.
R e n ta l.
1897............... $1,507,462
$1,247,789
$259,673
$452,239 Bonds for $2,700,000 reserved for extensions, limited to 100 miles
1896............... 1,613,638
1,426,827
186,811
484,092 at $27,000 per mile, equipped. See full abstract of mort. in V. 56,
p. 540. Pacific
Co. June 30,
$1,176,709;
The payments from income of $452,371 in 1897 were: Taxes, $61,- trusts, $240,979. Improvement Y. Stock Ex. to 1897, $18,886,000. car
Listed on N.
1898,
115; interest, $267,355; car trusts, etc., $27,451; balance, surplus, $96.Gross, $294,128; net, $60,056
L ate st E arnings —2 mos. Ï 1898
450. Loss to lessee in 1893-94, $120.292: loss ia 1894-95, $247,902
Gross, 343,613; net, 97,275
July I t o Aug. 31.
51897
loss in 1895-96, $297,280; loss in 1896-97, $192,565.—(V. 66, p. 811.)




128

INVESTORS’

SUPPLEMENT.

[V o l. L X V II.

Subscribers w ill con fer a great fa v or by g iv in g Im m ed iate n otice o f a n y error discovered In these T » h lM .
_________ RAILROADS.
INTEREST OR DIVIDENDS
Bonds—Princi­
Miles Date Size, or
r explanation o f column headings, &c., see notes of
Amount
pal,When Due-.
of
Par
When
______
on first page of tables.
Road. Bonds Value. Outstanding Rate per Payable Where Payable, and by S to c k s —Last
Cent.
Whom
Dividend.
i £ l0niZ * Qulf -BÄ.—Bonds, $15,000 p. mile..
None O ct’98
S a n I H e g 0 O u y a m a c a A E a s t ’ n R y . — 1st mort., gold
"2 2
1 8 8 8 5 0 0 & c.
$550,000
6 g. J. & J
In default.
S a n d u s k y A O o lu m b u s S h o r t L i n e .—See Columbus S h a w NEE & H o c k i n
July 1, 1918
o.
M a n s f i e l d A N e w a r k — Re-organized stock
116
50
1 ,0 8 0 ,6 0 0
Feb. 1.
fu n d e r lease byB.& O.and Cent.O.. .c* 1 1 6 1 8 6 9
Feb. 1, 1896
1 ,0 0 0
2.300.000
7
J. & J, Jan,.’97,pd. Dec. 15,’97 Jan. 1, 1909
S a n f o r d A St. P ’b u r g —1st M.,$1,000,000,g.not guar
1894
....
300.000
J. & J
Philadelphia, Pa.
Do
guar. p. & i., end. S. F. & W
8
Jan. 1, 1924
1894
1 g' J. & J
300.000
S a n F r a n c i s c o A N o r t h P a c i f i c .— S tock ...........
4 g.
Jan. 1, 1924
100
6,000,000
1 ,0 0 0
r«
f- red-at Ï lÖ.Äie".*c*r 1 6 5 1 8 8 9
4 .0 6 1 . 0 0 0
CaL Northw., 1st M., $1,500,000. g., gu.n
sf
s s- J. & J. N.Y.,46W all,& Fr’nk’frt Jan. 1, 1919
60
1898
1 ,0 0 0
( )
5 g- A. & O.
Apr. 1, 192&
sub-’ $2,500,000..' . . . .
100
1st M.,$6,000,000,gold, call for s.f. aft.1915, Me.o .. 1 8 9 6
« <?>
..
1 ,0 0 0 a 6,000,000
S a n t a F e P r e s . A P h o e n i x - ) s tM.,$5,000,000
g c* 1 9 8 1 8 9 2
s e- A. & O, N. Y. and San. Fran. Oct. 1, 1940
1 ,0 0 0
4.940.000
M. & S. N. Y. Mer’tile Tr. Co. Sept. 1, 1942
2d mortgage, gold, (Cent. Tr. beneficial ce'rtfs.).. 1 9 8 1 8 9 3
* g2.964.000
Prescott & East’n, 1st M., $500,000, p. & i. guar. 26^3 1 8 9 8
5 g- J. & J
July 1, 1943..
..
100
250.000
Albany. N. Y.
10
1893
jJ ™
s
2 000’ g,oli *lnÎ i
<2’*
bÿleasê’("end.)cê‘ ô*
1 ,0 0 0
120.000 5 (6) g. M. & N. Nov.’97,pd.21Cort.N.Y. May 1,
« a r a j^ a <&S c h e n e c t a d y - Stock (rental guaranty). ..
..
100
450.000 7 per an. J. & J. Troy, United Nat’l Bk. July, ’98, 1913
S a u lt S te. M a n e B r i d g e — 1st M.. g., s.f.,dr’n at 110 e
3ifl%
1887
1H
1 ,0 0 0
9 0 0 .0 0 0 a
S a v a n n a h F l o r i d a A W es tern —Stock.
5 g- J. & J. N. Y., Nat’l City Bank. July 1, 1937
__
100
9 ,4 1 2 , 9 0 0 See text.
So. Ga. & Flor.. IstMs., end by State ômëorgiâJô*
N. Y., Oft., 12 W. 23d St. Jan. 1 ,’96, 2%
58
1869
1 ,0 0 0
4 6 4 .0 0 0
7
M.'&" "N
.
So. Ga. & Florida 2d mortgage......................;
o
do
do
Jan. 15, 1899
58
1869
1 ,0 0 0
200.000
7
M. & N.
Sav. Fla. & West., 1st (consol.) mort.,"gold.".Vo*&r 5 4 5 1 8 8 4
do
do
Sept, 6, 1899
1 .0 0 0
4 ,0 5 6 , o <»0
A. & O . N. Y.,
do
1st consol, mort., gold, interest red. to 5 p. ct.c 5 4 5
& Savan, Apr. 1, 1934
1 .0 0 0 & C
£ g* h & O.
1 . 7 8 0 .0 0 0
.
Sav. Fla. & W. consol. M. ($20,000,000) gold...o* 8 1 9 1 8 9 3
do
do
Apr. 1, 1934
1 .0 0 0
7.086.000
G u a ra n te ed L o a n s .
do
I I : M. & N.
do
May 1, 1943
Brunswick & W. 1st M. Bruns, to Albany, g, gu o* 1 7 1 1 8 8 8
500 & C .
3 .0 0 0 .
000
J. & J .
Income bonds, non-cumulative.......... . . . . .
do
do
__ 1 8 8 8 1 ,0 0 0 3 . 0 0 0 .
Jan. 1, 1938
0 0 0 i e‘
Ala. Midland, 1st mort., guar. p. & i"! end’ g "x c 1 7 5 1 8 8 8
None paid.
1 ,0 0 0
2 .8 0 0 .0 0 0
M. & N. N. Y., Metropol. Tr. Co, Irredeemable.
Silver Springs O. & G., 1st M., int. guar., g” c*
Nov. 1, 1928
74
1888
1 ,0 0 0
1,120,000
4 g" J. & J. N. Y., 12 W. 23d St.
Florida So. 1st M., $5,000,000,g., gu., 4% aft. "’99 . . . .
July 1, 1918
18
.2 4 1 . 0 0 0
Sanford & St. Petersb., 1st mort., g., guar end
New York City.
__ 1 8 9 5 1 ,0 0 0 411300.000 3ia-4 g. J. & J
Jan. 1, 1945
94
IT Note .—T here are $300,000 additional 5s ung uaran teed
4 fe­ J. & J.
Jan. 1. 1924
a All so Id to be issu e d t o r co
nstructi on; $2,671.ÖÖÖ"iss. Jun B30, 1898.
REPORT.-Fiscalyear changed in 1897 to end June 30. For
i
1
8 exem t b legislative enactment for 20 years from
P y
n n J ^ L intero8t «barges on 1st mortgage bonds amount to
ma J k!?0
aaaum, after payment of which the surplus earnings
i l l ? C f T e K ’ l s i ? V?65, i “ » I I 5)'80'
W 39,;
provoments, ©to.. as provided in a contract with
^ mortgage bonds under which substantially all of the 2ds have
“
San A n to n io & G u lf f i R . - San Antonio to Stockdale, 37TmilesSuccessor in April, 1397, to San Antonio & Gulf Shore Ry. Capital
stock authorized, $1,000,000, issued O c t , 1898, $32,000. In Oat.. 1898
y a§ °o
L ^.ned ky a syndicate, and bonds had been issued, and there was
Of 4 0-?nn<fnd^
fl ^
T as+ ' Commission has approved the issue
<^
R£
E arnings.—Fiscal year ends June 30.
of $250,000 bonds. President, George W. Breckinridge; Secretary and
Treasurer, John A. Fraser, San Antonio, Tex.—V. 64, p. 708. y
T ea rs en d in g J u n e 3 0 1898.
1897.
1896
$656,187
$584,207
San du sky & C ol. Sh ort L in e .—See Colum . Sandusky & H ock n l^ L ® arnlngS............................. $770.498
Operatmg expenses..................... 344,811
313,240
278 651
47-74
47-70
M an sfield & N ew a rk B R . - Owns Sandusky, O., to Per cent of op. exp. to gross....... 44 75
Newark, O., 116 miles. Leased to Central Ohio, guaranteed bv BaltiNet earnings...........................$425,687
$312,947
•°+
93» 1880, till Deo. 1,1926. Rental is $201,850.
$305,556
Interest on bonds........................ 365,560
338,111
304,495V 66
1 2 3 6 ^ V 8^ 89 30* paid; Jan'’ >97’ oouPon paid Deo. 15, ’97.
Balanoe, surplus..................... $60,127
$4,836
$1,061
i R ecewers . - N ov. 30,1897, President John Gardiner and Vice-Pres­
F. M. Murphy, Pres., Monadnook Block, Chicago, 111.—(V. 60, p. 631„
ident J. O. Moss were appointed receivers, but road operated by B. & O.
Tr ^~te™i v e t t e e lst 7s.—John Gardiner, Chairman; depositary, Tni^rpui?m w v a ?A ^,la c ld » R . —Owns from Saranac Lake to
S
Union Trust Co., New York. (V. 65, p. 1116.)
v
£id’ Ni.Y^ i ° ™ll68i operates under contract N. Y. Central’s
. Y
y
¡
B
W
’P
and endorsed by the commit- isqr ?0o c „ T f h’ ^ 6 *
mlle8; total operated, 15-6 miles. December 19,
i?n+?a ed £e-li?!T ’ ^ ch,bimd deposited will receive $1,140 in B < O., 1896. leased to Chateaugay RR. and Chateaugay Ore & Iron Cos
^
fe
Fitts. Juno. & Mid. Dlv. 1st 3*28 and each share of stock $100 in B & O. jointly for 17 years, and interest on bonds reduced from 6 to 5 p o Uin >^r^ i^ utpon completion of reorganization the ooupons matured ^ o L 3 pe4 o e n t* ,£ Its gross receipts and one-half net profit from
A
r
°n
w ill be paid in cash. See B. & O. statement.
teansfer business at Lake P la oid -a t least $7,200—to pay 5 per cent
E arnings.—Year ending June 30, 1897. in V. 65 n 974 shown- interest on bonds, which interest is guaranteed jointly at 5 p. o. to and
* 20? 50^taxes*
^8Si u
8°i rental UQder lease (only paid in part), laptoding Nov. 1,1913, by endorsement. Stock, $250,000 (par $100.)
'¿ n o ^ by iessee' $31,045; loss to lessee, $152,015. Dividends.—In 1893, 3 p. o.; in 1894, 2 p. c.; in 1895, 2 p. c.; in 1896 2
i 896' 7 against the road for use of B. & O? oars and p. c. For year ending June 30,1897, gross, $17,231; net, $7,003; int
engines. Sandusky Co. owns no engines or cars. (V.67, p .6 8 8 ,7 3 7 ,788.) and taxes, $9,074; balanoe, deficit, $2,071.—(V. 64, p. 18&)
„ San ford & * t . Petersburg; R v .—From Sanford F la to s t
Saratoga & Schenectady.—From Saratoga to Schenectady. 21
Petersburg, 153 miles; made stanaard-gauge in 1895. Formerlv Orange miles. Leased in perpetuity in 1861 to Rensselaer & Saratoga and
lease assigned to Del. & Hudson Canal, by which it is operated.
8600 OOO^nar^OO WF?r8tld aV 0re°^08Vre in Mar®
h>1893- ^ t o c k l s
o f °whloh’«fiftn nnR h'Q i 8~ “ crtgage is for $1,000,000 of 5 p. o. bonds Rental, $31,750 per year. Stock, $450,000. Dividends, 7 p. o. yearly.
™
o L r i i r ^ . r 6? 0’? 00 ^ave heen issued, and of these $300,000 are guarrle B r id g e .—Own Sault Ste. Marie Bridge, includ
5 ?w ed+
prln/ lpal and ^ .p' M erest by end. of the Savannah Florida •
C
& Western (see copy of guaranty in V. 64, p. 843.) Mortgage trustee mg 6,421 ieet of main track. The Canadian Pacific, Duluth South
Shore & Atlantic and Minneapolis St. Paul & Sault Ste. Marie RR. cos.
den ? E. T. Stotesbury, Phila. a n year 1896-97, Philadelphia. deflolt
aent, E ° t ' Stot?sbi??vLphii«& RFortin g Annifities.gross 882 308- Presi-’ agree to pay for use of bridge an amount equal to operating expenses"
ander operating $29,229; other inoome, $2,1 iO; tolal deductions an<i interest and sinking fund of debt. Mortgage, $1,000,000; sinking
$15,359; deficit for year, $42 ,4 7 8 .-V . 64, p/8 4 3 , 888
reductions, fund. *5.500 yearly. Stock. $1,000,000. For year 1-96-97, $61,905 :
F ran cisco & N orth Pacific R y .—Point Tiburon Cal to net, $51,905. In 1895-96, net, $54,311. President, Calvin S. Brice.
F9 188C
9aL’
branches, 59 miles. Consolidation of March
Savannah F lo rid a & W e ste rn R y .—Operates from Savannah
G a.,to Tampa, Fla., with branches to Bainbridge and Albanv, Ga.
Leased to the California & N?rthwe°stern R y ^ In c S J r a te d i^ M a roh ^ud Jacksonville, Chattahoochee and Gainsville, Fla.; total owned
856 miles; leases 33 miles. Total mileage, 889.
Humb*ol^UC o i^ ie s f Oil.0I8ixty ^ m n es^ ^ to^ b^ b iiil? at^onoe °^?he1S^
P lant System . -T h is road belongs to “ Plant system,” which is de’
itesued*a f $ ¡5 , WO pl|8m il? ° ^ ?
^ ^ d s ? ? ) 6 be scribed under that title. April 1,1893, the South Florida was consolidated with the Savannah Florida & Western. In 1894-95 purchased oonB onds. Issued at $25,000 per mile; sinking fund. 825 000 venriv trol of Florida Southern, 247 m.. and Sanford & St. Petersburg. 152 m.
bonds drawn at 110 and interest. [Mortgage abstract V. 49, p. 241.1 * In March, 1898, Walterboro & Western, 27 miles, extending from WalA nnual R eport .—Fiscal year ends June 30 Y ea r-ia ovoa
c
.c. terboro, S. C., to Ebrhardt, S. C., was purchased in interest of system.
$839,963; net, $309,733; charges, $228,048t balT t? rp lu l'98 8 l 685*
Stock.—During 1893-94 increased from $6,793,900 to $9,412,900.
Report for 1896-97 was n V. 65, p. 193, 275 Gross * 7 3 7 goa .
B onds.—The first consols of 1884 are a first lien on 201 miles and a secona °n 34=4 additional; the mortgage is limited to $20,000 per mile.
Sufficient consols are reserved to retire all prior liens and for future
betterments and extensions —V. 64, p. 954, 1228.
_ San F ran cisco & San J o a q u in V alley R y .—Owns Stockton
D ividends .— ) ’83. ’84. ’85. ’86. ’87. ’89. ’90. ’91. ’93. ’94. ’95. 96.
Cal., there connecting by water with San Francisc^ soutaerl? t o
Percent.
5 7 4 0
3*3 2 4 0 2
'3>a 6 4 2
Bakersfield, 235 miles; also loop line from Fresno through Visalia and
L atest E arns.—12 mos. 51897-8 . Gross, $3,762,965; net, $1,047,643
Tulare to Corcoran Junction. 69 miles, of which 25 m ills still undlr
construction in Oct. 1898. Also under construction from Stockton te
July 1 to June 30.
(1896-7 Gross, 3,386,721; net, . 960,992
Port Richmond, on San Franoisoo Bay, opposite San Francisco 80
T e a r e n d i n g J u n e 30—
1897.
1896.
1895
rcuiles. V.67, p.842. See also editorial, p. 817.
’ 80 Gross earnings..................... $3,260,343
$3,264,320
$3,393,373
in Got., 1898, the Atch. T. & S. F. had arranged to purchase at nar a Other income.......................
126,378
170,198
168,186
controlling interest m the stock, and will use the line as a part of it! Net receipts.........................
960,992
907,353
1,070,667 •
898,662
896,462
884,174
S rv " 6 7 ,8
p.8841. 0m 8an Franoi8co to the East. See offlcill circular Interest, taxes, e t c ...........
Surplus for a; iden ds.......
62,330 y
10,891
186,493
S ecurities .—Stock $6,000,000; issued to October, 1898, $2 474 800 —V. 64, p. 4 2 i ; 843, 888,'"954,12^8; V. 66, p. 473,’ s i 8 .
+ ^ 1 6 ilno ln^
Qo
of net Proflts per annum from Jan.’ 1,1916
S avan n ah <k W e ste rn R y ,—Merged in Ce n t r a l o f G a . R y .
to 1921; 2 p. c. to 1926; 3 p. c. to 1931; 4 p. c. to 1936; 5 p i t o m a r t l b o M 8 may be drawn at HO. E ar mings—F or year ending r“ ue H $eheneetady & D u an esb u rg.—From Quaker Street Junction,
30,1898 (line partially completed), gross, $411,079; net. 8128 751
N. Y., to Schenectady, N. Y „ 14 miles. Leased in perpetuity to the
President, Claus Spreckels; Secretary, Alexander Maokie, San Fran Del. & Hudson Canal. Rental, $30,000 per year. Stock, $100,500.
cisco,Cal.; Counsel,E. F. Preston.—(V. 65, p. 621; V. 67, p! 635, 84l\'
S ch u y lk ill & L eh ig h R R . —Owns from High’ s Farm, near Read­
Santa F® F r e s e ^ t t & P h o e n ix R y .—( S e e M a p .) — Owns Ash Fork ing, Pa., to Slatington, Pa., 44 miles. In 1883 leased to Phila. & Read­
on Santa Fe Pacifi. Uch. system), via Prescott to Phoenix, Arizona ing RR. for 999 years and in 1896 lease assumed by Phila. & Reading
198 miles; opened .a March, 1895. Prescott to Mayers. Ariz 26k»’ Ry- Rental, $27,000 per annum. Reading owns the stock ($600,000)
mfies, being built under charter of Prescott & Eastern, w^s comDleted and $400,000 second mort. First 4*23 were guar.—V. 66, p. 901.
V 67 « 631 ’ 635 bas been leaded and its $500,00o bonds guaranteed
S c h u y lk ill V alley N avigation & R R . —Owns Palo Alto to
V. 67, p. 631, 635. Extensions of mam line to Tempe and Mesa 17
Reevesdale,Pa.,
5 miles;
traok 27 miles;
as ^ranch lines, also proposed in Sept., loo 98. Stock
- Leased for 999 16 miles; second track 1861, tototal all& Reading RR.
years from July 25,
Phila.
First mortgage is for $5,000,000; Mercantile Trust
New
Σ £ 8Î t £ 88U
,med in 1896 by Phila. & Reading Railway Oo. Rental
York, trustee; 2d mortgage trustee, Central Trust Co., N. Y. |
$29,450, whioh pays 5 p. o. on stock and State taxes.




1

OCTOBEB, 1898.]




B A IL R O A R STOCKS

AND

BONDS.

13 »

130

INVESTORS’ SUPPLEMENT.

______ __________ RAILROAD».______________

Miles
For explanation of column headings, &c., see notes of
on first page of tables.
Road.
Schenectady dt Duanesb.—1st mort., interest guar..
14
Schuylkill dt Lehigh—1st m., guar, by P. & R. JIB .
44
Schuylkill Valley Navigation dt BB.—Stock............
Seaboard A ir Line Belt Bailroad—Stock.................
1st mortgage............. .............................. -OTeBac*
1893
SeaboarddtBoanoke—St’k ($244,200 is pf. gu. 7 p.c.)
81
1st mortgage for $2,500,000............................e*«fcr
81 1886
Debentures, to be secured by any 2 d M ..............r
1886
Sea. Air Line Equ’t Tr. ser. A ,B & C (^each)_ c*
_
1890-6
Sea Coast—Prior lien mortgage ($350,000) gold....
66 1898
General mortgage, series A ($150,000), g o ld .....
66 1898
General mortgage, series B ($600,000), gold.......
66 1898
Shamo/cin Sunbury dt Lewisburg—le t mort
c*&r
31 1882
2d mortgage, gold.................................................. o*
31 1890
Shamokin Val. dt Pottsville—Stock, guar, by Nor. C.
36
1st mortgage, gold, on road and lands.................c
36 1*871
Sharon—Stock ($500,000) 6 p. c., guar, by rental..
16
c
1st mortgage, gold....................................
16 1889
Short Boute By. Transfer Co.—See I llinois Centr AL.
Sierra By. ( o f Cal.)—1st M., gold, $642,000..........
43 1897
Silver Sp. Ocala dt Oulf—\ei, 1. gr. ($15,000 p.m.)g.e*
74 1888
Silverton—1st mort. for $500,000 gold............... c&r
17 1888
Sioux City dt Northern—1st mortgage, gold.M a.c*
96 1890
Sioux City O'N. dt West.—1st M. g ................. Jffa.c*
130 1891
Somerset Bailwmy -1 s t mortgage..............................c
1887
South Atlantic dt Ohio—1st mortgage......................... "70 1887
So. Brooklyn BB. dt Terminal—Pref. mort. notes..
1st mortgage.............................................................
" Ï 1888
So. Carolina dt 6a. Extension—1st M..........................
1898
South Carolina dt Oa. —1st M. $5,250,000, g..C e.c* 245 1894
Augusta South’n 1st con. M., gu. p. & i. end., g .c
84 1894
South Haven dt Eastern—1st mortgage, gold .. F o
37 1895

IV ol . LXVII

Bonds—Prino i
INTEREST OR DIVIDENDS.
Size, or
pal,When Due,
Amount
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
Value.
Cent. Payable
Whom.
Dividend.
$1 OO&c.
$500, ,000
6
« S. N. Y., 21 Cortlandt St. Sept. 1, 1924
&
1,000
600, ,000
« c N. Phila., Pini. & Read.RR. Nov. 1, 1902
S
4*2
50
576, ,050
5
& J.
Philadelphia.
Julyl3,’ 98,2ig
50,,000
1,000
600, ,000
A. « c O. Baltimore and Atlanta. Apr. 1, 1923
S
100
1,388; ,400
Balt., Farm. « cPlant.Bk. Nov. 1,’ 98, 2!fl
S
1,000
2,500, 000
5
«& J. N.Y.,Baltimore «fePhila. July 1, 1926
100 &c.
690, 000
6
< A.
fe
Portsmouth, V a.
Ait. July,1916
1,000
316, 333
5
Balt., Merc. Tr.<&Dep. Co Part yearly.
350, 000
« O
& ,
Philadelphia,
Apr. 1, 1948
5 g.
150, 000
&O
.
do
5 g.
Apr. 1, 1948
600, 000 See text.
Apr. 1, 1948
1,000
1, 000, 000
5
« c N. Phila., Phil. «&Read.RR. May 1, 1912
S
1,000
1, 000 , 000
« e J.
S
do
do
July 1, 1925
50
869, 450
i g<c A. Phila., Broad St. Stat’n Aug., ’ 98, 3%
S
500 &c.
2 , 000 , 000
« e J.
S
do
do
July 1. 1901
7 g.
50
464, 600
6
Sharon, Pa.
« c S.
S
Sept., ’98, 3%
1,000
164, 000
& D. N. Y., Farm. L. «&Tr. Co. June 1, 1919
4 ^ g.
1,000
1,000

1,000
1,000

i òb’
'. ó

642.000
1, 112,000
425.000
1.920.000
2.340.000
225.000
1.850.000
100.000

1.200.000
1,000
1,000

0)

5,250,000
400.000
223.000

6 g.
4 (6 )
6g

J. N. Y., 12 West 23d St.
Denver, Co ’s office.
J. July, ’94 paid Jan., ’98.
g.SO. Oct.,’92, coup, last paid.
i gJ. Boston «fe Oakland, Me.
6
J.
In default.
4
See text.
M. & N.
5
5 g.
5 g4-5 g.

«e
S
&
«e
S
&
«e
S
«e
S

O
.

1937
July 1, 1918
Oct. 1, 1908
Jan. 1, 1920
Oct. 1, 1921
July 1, 1917
July 1, 1917
May 1, 1928

« c N. N. Y., Office, 15 Broad, May 1, 1919
S
do
do
« c D.
S
Dec. 1, 1924
« e O. N. Y. 1st Nat. Bank. Apr. 1, 1925
S

Seaboard Sc R o a n o k e R R ,—Owns Portsmouth, Va., to Weldon
E arnings .—10 months, 51897-8..........Gross, $153,154; net, $68,299
and branch, N. C., 81 m iles; leases Roanoke & Tar River RR. 33 miles.
July 1 to Apr. 30.
(1896-7.......... Gross, 141,860; net. 70.170
Also has a controlling interest in the Raleigh « c Gaston Railroad, 108
S
Year ending June 30,1897, gross, $178,440; net, $91,276. In 1895-6
miles, and thus in the Raleigh & Augusta Air Line, 107 miles, and Caro­ gross, $183,900; net, $90,500: other income, $1,069; charges,$52,981
lina Central, 269 miles; also controls Pittsboro Railroad, 12 miles; balance, surplus, $38,588. In 1894-5, gross, $171,256; net, $45,559
Durham & Northern RR., 42 miles; Lonnsburv RR., 10 miles; and the
Silverton R R .—Owns Silverton Col., to Ironton, 22 miles. Stook,
Georgia Carolina «fe Northern, forming extension to Atlanta, Ga., 266
miles; to al of all, 928 miles. This is the “ Seaboard Air Line ” system $350,000; par, $100. Year 1896-97, gross, $15,206; net, $¿0,861; int,
and taxes, $29,135; bal., deficit, $8,275. In 1895-6, gross, $75,90.
Stock .—Total authorized, $1,500,000; outstanding, $1,144,200 com '
Sioux City Sc N orthern R R .—Sioux City northerly to Garretson,
mon, $200,0001st pref. 7 p. c. guaranteed and $44,200 is 2d pref. guarSo. Dakota, 96 miles. Stock, $1,440,000. Judge Warwick Hough and
D ividends .—On common from Nov., 1890, to May, 1892, 7 p. c. per Mr. S. J. Beals were appointed receivers in Oct., 1893. Petition for
annum; in Nov., 1892, 3; in 1893, May, 2 p. c.; in Nov., 1898, 2*a.
sale of road filed in July, 1894, by mortgage trustee, but to Oct. 1,1897,
B onds.—The debentures after Aug. 1,1916, are payable at will. With no date of sale s e t ; unpaid coupons, etc., July 1,1895, $253,123.
Raleigh «fe Gaston, guarantees bonds of Georgia Carolina & Northern Coupons due July 1,1894, were in Dec.,’ 97, ordered paid.—V. 66, p. 39.
(which see). Under readjustment plan of the Carolina Central with
L atest E arn in g s .—7 mos. > 1898...Gross, $132,918 ; net, $15,185
Raleigh & Gaston, will guarantee $3,000,000 1st consol. 4s and fixed
Jan. 1 to July 31.
5 1897...Gross, 119,799; net, def.3,693
charges. V. 67, p. 273. Equipment bonds of 1896 were issued jointly
Calendar year 1897, gross, $279,161; net, $86,013.—(Y. 66, p. 39.)
withRaleigh & Gaston and Raleigh «fe Augusta Air Line RR.
Sioux City O’ N eill Sc W estern R R .—Owns Covington, opposite
A nnual R eport .—Fiscal year ends June 30. Statement for 1896-97 •
Sioux City, to O’Neill, Nebraska, 129 miles. Stook $3,600,000 F. C.
was given in V. 65, p. 821, showing on road proper, 114 miles.
Hills appointed receiver Nov. 1,1893. In Jan., 1895, foreclosure sale
Years.
*6ross.
NH.
Charges. Pref.div. Balance. ordered. For year 1897, gross, $182,149; net, $43,493; taxes, $16,258.
1897-8......................$984,352 $418,120 $331,949 $17,094 $60,077
Som erset R y .—Owns road from Oakland to Bingham, Me., and
1896-7...................... 991,021
378,034
305,741
17,094
55,199
♦Note .—Gross includes other income of $114,787 in 1897-98; $92,312 branch, 42 miles. Road opened in 1890. Capital stook is $736,649 (par, $100). Loans and bills payable June 30, 1897, $57,187
in 1896-7; $90,202 in 1896-5.—V. 65, p. 3 6 8 ,6 8 5 ,8 2 1 ,1 1 1 6 ; V. 67,
E arnings .—Year 1896-97, gross, $78,687; net, $13,846; interest
p. 273, 579, 737.
charges, $14,635; balance, deficit for year, $789.—Y. 65, p. 56 8 .
Sea C oast R R . —
-Philadelphia to Cape May, N. J., 79 miles (of
South A tla n tic Sc O hio R R . —Owns from Bristol, Tenn., to Bigwhich 24-5 miles, Phil, to Winslow June.,1s trackage on Atlantic City
RR.); branch to Sea Isle, N. J., 12 m. Successor of South Jersey RR. stone Gap, Va., 70 miles. Sold under foreclosure April 26, 1898, to
Marshall Clyde, representing bondholders, who will reorganize the
foreclosed March 29,1898, and reorganized per plan in V. 66, p.135.
(See also p. 185.) Reading Company took possession on April 9,1898, company. V. 66, p. 906. Sale confirmed, but no plan issued in Oct.,
1898. July 1,1896, car trusts $107,260; coupons due and unpaid,
under a lease to the Atlantic City RR. Co.—V. 66, p. 761.
etc., $970,970. Year to June 30, 1897, gross, $95,864; deficit under
Stock .—$600,000 preferred and $600,000 common.
operating, $1,756; charges, $125,567. V. 66, p. 617, 906.
B onds.—Series B, bear interest for 5 years at 2 per cent, only if
South B r o o k ly n R R . Sc T e r m in a l.—Owns terminal property
earned; thereafter they become a fixed charge for two years at 2 per with road from near foot of 38th Street, Brooklyn, to 9th Avenue, 1
cent, the interest increasing at the rate of 1 per cent every two years mile, double tracked. Use of the roadbed is leased to Brooklyn Bath
up to 5 per cent. The new company w i'l have no interest charges for «fe West End RR. (Nassau Electric System in St r e e t R a il w a y S u p ­
the first two years, the assessments providing for the same. V. 66, p. 1 $ 5 pl e m e n t ) on percentage basis, lessee keeping track and roadbed in
E arnings —For year 1895-6, gross, $80,580. V. 66, p. 1002.
repair. Capital stook Is $500,000; par, $100. Notes payable, unse­
cured by mortgage, were $56,768 on June 30,1897, and in May, 1897,
S h a m o k in Su n bu ry Sc Lew isburg: R R .—Line Shamokin to a judgment for $60,767 was entered against the co —(V. 64, p. 1043.)
West Milton, Pa., with iron bridge over Susquehanna, 31 miles; second
South C arolina Sc G eorgia E x te n sio n R R . —Owns Camden,
track. 15 miles; total o f all track, 58 miles. Leased to Philadelphia «&
Reading RR. July 2, 1883, for 999 years at 6 per cent on the stock, S. C., to Marion, N. C., 171 m iles; Blacksburg to Gaffney, S. C., 10*2 m.
and lease assumed in 1896 by Philadelphia & Reading Ry. Used for
O rg an ization .—A reorganization in Sept., 1898.-of the Ohio River
coal traffic northward. Stook, $2,000,000 (par, $50) $1,995,000 is & Charleston foreclosed. V. 67, p. 635. Operated since Sept. 1,1898,
O wned by Reading Co. and deposited under mort. of ’ 97. (V. 51, p. 21.) py the south Carolina & Georgia under an “ operating contract,” not,
it is stated, under lease. The plans for financing the property have
S h a m o k in V a lley Sc P o ttsville R y .—( S e e M a p P a . B B . ) — Sun­ n<i?- u6?
public, but the contract for the sale of the road under
bury, Pa., to Mt. Carmel, Pa., and branch, 36 miles. Leased Feb. 27, J w o n the foreclosure took place was to be in consideration of SI,092,1863, for 999 years to the Northern Central Railway Co., with a guar­ 000 bonds, equal to $ 6 ,000 per mile. V. 66, p. 901. Stock, $500,000.
antee of taxes, interest on the bonds and 6 per cent on the stook, of It has been proposed to extend the road northerly.
which $619,650 is owned by the Northern Central. Pennsylvania RR.
owns $530,000 7 per cents and $301,000 additional were ‘ held by the E arnings .— (2 months) >1898................ Gross, $27,992; net, $1,789
July 1 to Aug. 31.
j 1897..................Gross, 25,389; net, 1,451
Northern Central Ry. Co. to cover the depreciation of coal lands.
In year endin? June 30, 1897, (old co.). gross, $190,572;
Sh aron R y .—Owns from Sharon, Pa., to Pymatuning, Pa., with
branches, 16 miles in all. Leased till April 30, 1982, to New York net, $28,844; taxes and int. on floating debt, $14,112; bal., sur., $14,Pennsylvania «fe Ohio (now Nypano RR) at rental whioh pays interest on 732. In 1897-98, gross, $196,655; n et,$33,336. (V. 67, p. 29, 635.)
bonds and 6 per centum stook. Rental in 1897-8 was $37,101.
Soutli C arolina Sc G eorgia R R . —R oad .—Owns road from
Shreveport Sc R e d R iver V a lle y R y .—Shreveport, La., to Charleston, S. G., to Augusta, Ga., with branches, as follow s:
Doggy Bayou, La., 32 miles, comnleted March 1,1898. Loggy Bayou
L i n e s O 'o n ed —
M ile s . O p e r a t e d u n d e r c o n t r a c t —
M iles .
to Coushatta, La., 13 miles, completed in Oct., 1898. Projected to Charleston,S.C.,to Augusta,Ga.138 Ohio River & Charleston—
Campti, La., making a total of 60 miles. Stook, $800,000 authorized; Branch to Columbia, S.C.......... 67
Camden to Marion................. 171
paid in, $400,000; par, $100. Bonds, $800.00o 50-year gold 6s (J. & J,), Other branches owned_______ 40
___
$1,000 each, authorized and Issued. President, Wm. Edenborn, Chic.,
,, ..
Total operated Oct., 1818..416
111.; Sec. and Treas., Clarence Ellerbe, Shreveport, La.
Of the lines owned, 213 miles is 56-lb. steel and 32 miles 70 lb.
H is t o r y , E tc .—A reorganization in May, 1894, of the old South Car­
Sierra R a ilw a y (of C alifo rn ia).—Owns road from Oakdale,
on line of Southern Pacific, to Jamestown, Tuolumne County, 43 olina RR. per plan given In V. 58, p. 867. The “ Atlantic Coast Line”
1
Au^ a from Denmark, 57 miles, over this line. On March 1,
miles, opened November 10, 1897. Extension projected to Sonora
and Angel's Camp, 20 miles, and in Sept., 1898, work on 4 miles from 1897, leased Augusta Southern, 84 miles, guaranteeing its bonds (V.
65, p. 1019', but in Aug., 1898, the Southern was placed in receivers’ ,
Jamestown was in progress. Stock authorized, $5,000,000. Payment
of bonds ($642.000,40 year 6s) is provided for by sinking fund of 5 per hands. -V . 67. p 530. The South Carolina «fe Georgia* Extension RR.
cent on annual net earnings o f road. Also has issued 2d mortgage in­ has been operated under contract since Sept. 1 , 189s. See above and
come bonds at $15,000 per mile. Year ending June 30, 1898, gross. V. 67, p. 530.
$103.035; net, $14,545. President, A. Poniatowski; Secretary, John
STOCK.— Capital stock $5,000,000; car trusts June 30,1897, $78,000.
M. Bonner; General Manager, T. S. Bullock, San Francisco, Cal.
A n nual R e p o r t .—Report for 1896-7 given in V. 65, p. 1019.
Sierra V a lleys R R . —Plumas to Clairville, Cal., 31 miles. Incor­
Y e a r e n d . J u n e 30—
C ross.
• N e t.
I n t . dt ta x e s . B a l ., s u r p .
porated January, 1895. Stock, $915,000; par, $100. Bonds, $300.000, 1897-98....................... $1,349,448
$484,887
$352,691
$132,196
6s (A. «&O.), due 1915; Cal. Safe Dep. Co., Trustee. President, Henry 1896-97......................i 1,216,484
438,994
326,787
112,207
A. Bowen; Secretary, Wm. S. Kittle, San Francisco, Cal.
Officers—President Charles Parsons, 15 Broad Street, New York.
Sliver Springs Ocala Sc G u lf R R .—Owns Ocala to Inverness —(V. 65, p. 1 0 1 9 ; V. 66, p. 290, 901; V. 67, p. 31», 528, 530.)
with branch from Gulf Junction (near Dunnellon) to Homosassa, 74
South H a v e n Sc E astern R R .—Lawton to South Haven, Mich.
miles. In January, 1893, a controlling interest in stock was acquired by 37 miles. Stock, $218,500. Bonds bear interest for 2 years from Apr,
the Plant Investment Company [see Savannah Florida & Western], and 1,1895, at 3 p. c.; then 3 years at 4 p. c., and thereafter at 5 p. o,
interest on the $1,120,000 bonds outstanding reduced from 6 to 4 per Year 1896, gross, $27,786; deficit under oper. exp. and t*xes, $4,962
cent, and guaranteed by endorsement. Stock, $1,500,000, par $100 The
South Sc N orth A la b a m a R R . —(S e e M a p o f L o u i s v i l l e dt N a s h . )—
first mortgage is limited to $3,000,000, but no more than $1,120,000 Owns from Decatur, Ala., to Montgomery, Ala., and branch, 189 miles
can be issued on 74 m iles; $8,000 bonds redeemed, leaving $1,112,000 Controlled by the Louisville & Nashville RR. Co., which owns most o f
outstanding in Oct., 1897. Land grant 13,840 acres per mile, of which the stock [$3,483,600, of which $2,000,000 preferred] and guarantees
mortgage covers 4,000 acres per mile.
the first and consol, mortgage bonds. Note to L. & N. (dated Nov. 30.




O c t o b e r , 1818. J

RAILRO AD

STOCKS AND BONDS.

131

Subscribers w i l l con fer a great fa v or by g iv in g Im m ed iate notice o f an y error discovered In tbese T a b les.
RAILROADS.
on first page of tables.

So. < No. A labama—1 stM.,s. f.not dr’n; guar.byL.&N
6
2d mort. gold, s. f. $2,000,000 (owned by L. & N.;
Consol, mortgage (for $10,000,000), gold, guar.c’
Note to It. & N. (for indebtedness).........................

Bonds—Prinoi
INTEREST OR DIVIDENDS.
Miles Date Size, or 1 Amount
pal,When Due
vVhen
of
of
Par 1
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Whom.
Cent.
Road. Bonds Value.
Dividend.
189
189
189
102
104

1873
1880
1886
1896
1898
1887

South Pac. Ooast—IstM ., g., gu. (s. f. 1912)...
Southern Pacific OOMPA N F—Stock ($150,000,000)
Steamship 1st mort, bonds, Ser. A, $3,000,000...
1891
South. Pac. o f Arizona—is t M, ser. A, gold, guar
392 1879
do
do
Series B, gold, guar.......c&r 392 1880
Southern Pacific RR.—Stock, $129,455.000 auth
1st M., series A, gold i land grant
(1875
All
I
Series B, gold.......... ( sink’g fund.c
1,042 1 1875
equally
1876
Series C & D, gold., f not subject.e
secured „ Series E & F, g old .. J to call. . . . c ,
(1882
•I
93 1887
S. Pac. Br. 1st M., g., s.f., $50,000 in 1897, not dr’n
So. Pac. gen. mort. ($38,000,000), gold.......... e*&r 1,587 1888
45 1875
Stockton & Copper. 1st M., g. (guar, by C.P.)........
Consol, mort., gold, $89.293.500 s f. not drn e*r& . . . . 1893
B onds A ssumed in Consolidation op 1898.
California Pacific, 1st mort., gold (ext’d in 1887) 114 1867
2d M., gold,gu.p.&i., end. by Cen. Pac., ext. in ’91 114 1871
3d M.. gold, guar.by Cent. Pac. ($1,000,000are3s) 114 1875
Northern Ry. (Cal.), 1st mort., int’st guar., gold. 148 1877
Cons. M. ($21,0o0,000), g., IstM .on 197m.e*&r 386 1888
54 1889
Northern California, 1st mortgage, gold...............
Southern Pacific o f New Mexico—1st M., gold., .c&r 167 1881

£200
$1,000
1,000
1.000
1,000
100
1,000
1,000
100
500 &o.
500 &e.
500 &c.
500 <fec.
1,000
1,000
50Ó &o.
500 &o.
1,000
1,000
500
1,000
1,000
1,000
1,000

£733,600
$2,000,000
4,330,000
1,588,943
1,000,000
5.500.000
121,055,170
2.501.000
6,000,000
4,000,000
100,924,000
12,765,500
4,643,000
8,045,000
5,124,000
3,533,000
146,000
500,000
20,344,000

6 g. M. & N. London, Baring Co., L’d May 1, 1903
6 g• A. & O. N. Y. Of., 120Broadw’y Apr. 1, 1910
F. & A. N. Y., Office, 120 B’ way. Aug. 1, 1936

S*

5 g. J. & D. Equit. Trust Co., Chic. July 1, 1938
4 g. J. & J. N. Y.. 8. Pao., 2 3 Br’d St. July 1, 1937
Jan. 1, 1911
6
J. & J. N. Y., 23 Broad St.
6 g. J. & J. N. Y ., S. Pac., 23 Br’d St. Mch., 1909
do
do
Mch. 1, 1910
6 g. J. & J.
6
6
6
6
6
5
5
5

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

2,232,000
4*âg.
41
ag.
1,595,000
2,998,500 3 g.& 6 g.
5,156,000
6 g.
4,751,000
5 g.
1,074,000
5 g.
4,180,000
6 g.

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

&
&
&
&
&
&
&
&

O. N. Y.,S. Pac.,23 Br’d St.
0.
do
do
0.
do •
do
O.
do
do
O.
do
do
O.
do
do
J.
do
do
N.
do
do

Apr.
Oct.
Oct.
Apr.
Apr.
Oct.
Jan.
Nov.

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

1905
1905
1906
1912
1937
1938
1905
1937

J.
J.
J.
J.
A.
J.
J.

&
&
&
&
&
&
&

J.
do
do
J.
do
do
J.
do
do
J.
do
do
O.
do
do
D.
do
do
J. New York, 23 Broad St.

Jan.
Jan.
July
Jan.
Oct.
June
Jan.

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

1912
1911
1905
1907
1938
1929
1911

!
1896,) for *1,588,943 bears 6 per cent interest. In year 1896-97, gross
$2,323,340; net, $710,596; other income, $31,151; interest, $659,970;
taxes, &c., $49.768; sinking fund, $148,447; bal., deficit for year,
$116,438. In 1895-6, gross, $2,117,300; net, $657,025. (V. 56, p. 1015.)
Southern In d ia n a B y ,-O w n s Elnora, Ind., to Westport, 102 m.
A reorganization of the Evansville & Richmond RR. sold in fore­
closure March, 1897. Stock, $1,500,000; par, $100; all issued.
The new name was at first E. & R. Railway, but Southern
Indiana Ry. was adopted Dec. 1,1897. President is John R. Walsh;
Secretary, C. F. Weinland, 185 Dearborn St., Chicago, 111. V. 65, p.
1173; V. 67, p. 30, 75.
S o u t h P a c ific C o a s t R y . —Narrow G auoe .—Owns from Ala­
meda to Santa Cruz, 77 m iles; branches, 27 miles; total 104 miles.
Leased for 55 years from July 1,1887, to Southern Pacific Company,
which guarantees the bonds and owns all but $7,000 of the stock.
The stock is $6,000,000; par, $100. In year ending June 30,1898,
gross, $812,432; net, including other income, $198,701; deficit under
charges, $59,124.
S o u t h e r n P a c if ic C o m p a n y .—(See Maps.)—R oad .—This com­
pany owns no track in fee, but principally through ownership of stock
and partly by lease it operates a great system of roads extending from
San Francisco to New Orleans (thence by company’ s steamers to New
Y ork,etc.), to Portland, Oregon, and to Ogden, Utah, with branches.
Its system comprises the following lines fully described under their
own titles.
Proprietary L ines.
(3) Controlled by Morgan’ s L a. &
(1) Controlled (also leased by ) Tex.—Operated I ndependently.
So. Pao. Co.
ACo
iL IZ»
Miles. Gulf Western Tex.
ll
Louisiana Western RR...... ........ 147 Iberia & Vermilion & Pac. Ry.... I16
RR.............
Morgan’s La. & Tex. RR. & SS.. . 282
South Pacific Coast Ry.......... ... 101 Total Proprietary Lin es......... 5,599
Southern Pacific RR. of Arizona. 393
Southern Pacific RR. of Cal
.. 2,543 Tot’l.deduc.242 m. leas, to Atch.5,357
Southern Pac. RR. of New Mex.. 167 (4) L eased and Operated.
(2) Controlled b y So. Pao. Co. - Central Pacific R R ..................... 1,35®
Operated Independently.
Oregon & California RR............. 656
Austin & North Western RR...... 108
Central Texas & N. W. R y ........
12 Total RR. Mileage June 30, ’98.. 7,614
Fort Worth & New Orleans Ry...
40
Galv. Harrisb’g & San Anton. Ry. 919 Tot’l.deduc. 242 m. leas, to Atch.7,3? ti
Houston & Texas Cent ral RR ... 453 New Mex. &Ariz. Ry. and Sonora
.. 350
New York Texas & Mexican Ry.. 91 Ry. (reported separately).
Texas & New Orleans RR........... 216 Steamship Lines (3 440 propriet’y) 3,565
Organization .—Organized under laws of Kentucky, its system being
known as the “ Huntington ” lines, Mr. O. P. Huntington being Presi­
dent. The control is vested in the Pacific Improvement Company, a
corporation with $5,000,000 of capital stock, of which in 1892 the
Crocker estate held $1,249,800, and C. P. Huntington, Leland Stanford
and Butler, Stillman & Hubbard each $1,249,900 ; other, $500.
P roprietary L ines.—These, with a total mortgage indebtedness
June 30, ’98, of $156,983,601, are mostly owned—only $16,253,163 out
o f their total stock of $197,257,552 not being held on July 1,1898,by
the Southern Paoiflo Co. r Omnibus L ease .” —Five o f the proprietary
lines are operated under this lease, which runs for 99 years from
April 1, 1885, the Southern Pacific Company agreeing to maintain
the roads, to pay all fixed and other charges, including interest
on bonds and floating debt, and to divide the total net profits
from operating, after making these payments, among the several
parties to the lease, the So. Pao. Co. to receive 10 per cent of suoh profits,
the Southern Pacific of California, 44 per cent o f net profits, Southern
Pacific of Arizona, 10 per cent, Southern Paoiflo of New Mexico, 6 per
cent, Morgan’s Louisiana < Texas, 23 per cent, Louisiana Western, 7
fe
p. c. For lease o f Central Pacific see V. 58, p. 819, and V. 60, p. 480.
Capital Stock .—Stock authorized, $150,000,000. See V. 48, p. 428.
G eneral F inances.—On July 1, 1898, loans and bills payable.
$1,425,000.
E arnings.—2 mos., J 1898...... Gross, $9,311,944; net, $3,417,367
July 1 to Aug. 31. (18 9 7 ...... Gross,
9,411,399; net,
3,921,281
A nnual R eport .—Fiscal year now ends June 30. Report for year
ending June 30, ’98, at length in V. 67, p. 839, 844.
Receipts—
1897-8.
1896 7.
Miles of rail lines—
Propriet’y, 5,367’11; leased, 2,014*98.. 7,371*98
7,857*10
Gross earnings of proprietary companies........................137,850,430 $33,488,179
do
do
other receipts..................................
998,061
1,143,708
Gross receipts following companies:
California Pacific RR. Co................................................................. $1,248,026
Central Pacific RR. Co..................................................... $15,816,012 12,742,407
New Mexico & Arizona RR. Co.................. .............. .....
187,163
.........
Oregon & California RR. Co............................................ 2,107,851
1,436,037
Sonora Railway Co........ ..................................................
423,528
..........
Gross receipts South. Pac. Co. from rents, invest’s, etc.. 1,094,454
993,054
Total receipts............................................................. $58,477,498 $51,051,711
•Expended for account of proprietary companies, viz.:
Operating expenses......................................................... $24,001,802 $22,199,702
Taxes.....................................
942,864
884,535
Trackage and other rentals..............................................
642,724
731,977
Interest on funded debt.................................................. 8,253,840 1 7,8«6,584
Interest on open accounts.............
180,754
220,868




Expenditures for proprietary companies—(contin’d)— 1897-8.
1896-7.
Sinking fund contributions and earnings............ ....... $476,528
$415,215
83,06«
Genera] administration and miscellaneous expenses......
74,807
Land department expenses and taxes.............................
83,687
63,269
Expended in respect of :
California Paciflo RR. Co.................................................. * .......... $1,175,373
Central Pacific RR. Co..................................... ...... ......... $15,816,012 12,742,407
............................... .
217,628
New Mexico & Arizona RR. Co..
Oregon & California RR. Co............................................ 2,432,335
2,214,523
509,237
Sonora Railway Co.......... ............... ...... ...................
Expenditures of Sou. Pac. Co. for insurance, taxes. Inter­
est and all other accounts except for deficits in the
operation of leased lines...............................................
764,539
464,705
Total disbursements...................... '.......................... $54,354,896 $49,053,997
Balance..................... .................................................. $4,122,602 $1,997,714
Betterments and additions............................................ . 1,299,258
906,959
Surplus over all disbursements................................. $2,823,344 $1.090,755
Comparisons for years ending June 30 :
Avtrage
Gross
Operating
Eams.over
Years.
Miles.
Earnimis.
Expenses.
Op. Exp.
1898...............................
7,871
$55.780,337 $34,619.726 $21,160,611
1897.............................
7,371
48,871,900
31,675,941
17,195,959
1896 ....................................... 7,369
49,587;068
82,718,122
16,868.946
1895..................
7,276
49,974,042
32,910,029
17,064,013
1893.....................
7,175
54,356,729
34,815,527
19,541,202
—(V. 65, p. 778, 847, 8 7 1 , 976; V. 67, p. 8 3 9 , 84 4 .)
Southern Pacific 1111. o f A r izo n a .—(Nee Maps.)—Own Yuma
to New Mexico boundary, 393 miles. The stock is $19,995,000 all but
$2,400 being held by Southern Paoiflo Co., which pays all charges
and 12 per cent of net profits under “ omnibus lease.”
E arnings.—11 months, 51897-8 ..Gross, $2,796,176; net, $1,040,068
July 1 to May 31.
(1896-7 ..Gross, 2,179,357; net,
396,434
In 1896, gross, $2,284,682; net, $393,983. In year ending June 30,
1898, gross, $3,013,065; net, $1,088,743; surplus over charges,
$2,724; due So. Pac. Co. under lease, $65,252; tot. def., $62,528.
Southern P a c if ic R R ..—(Nee Map.)—R oad .—Owns all the Cali
fornia lines of the Southern Pacific system except the Central Paciflo
and the South Paciflo Coast. The length of roa i owned is about 2,542
miles, embracing a through line from Yuma, Arizona, via Los Angeles,
San Francisco and Oakland, to Tehama in No. California, with numer­
ous branches. Of the lines owned in July, 1898, only about 2,300
were operated in the So. Paciflo system, 242 miles (Mojave to The
Needles) being held under long lease by Atchison in exchange fo r
leases of 350 miles of roads in New Mexico and Arizona. V. 65, p. 931,
and Atch, T. & S. F. item, p. 1113; see V. 64, p. 609. The construc­
tion of 55 miles from Ellwood, Col., to Surf, expected to be completed
during 1898, will furnish another through line near the coast from
Los Angeles to San Francisco.
Organization .—A consolidation in April, 1898, of Southern Paciflo
RR. of California, Northern Ry. of Cal., Northern Cal. and Cal. Pao.
The Southern Pao. RR. of Cal. was leased to Southern Pao. Company
for fixed charges, betterments and additions and a certain percentage
of the surplus income under the “ omnibus lease.”
Stock .—Of stock So. Paciflo Company June 30, ’98, held $86,069,689.
B onds.—Consolidated Mortgage of Sept., 1893, (see full abstract Y.
57, p. 1041), provides for all prior liens and new construction. Bonds
may be issued not exceeding $30,000 per mile, of which $7,500 a mile
is reserved for additions and betterments. See Y. 57, p. 469. This
mortgage covers several new branch lines, total 193 miles, not covered
by any other mortgage. See V. 57, p 1040. Consols for $1,568,000
issued for extensions were listed in i896, and $1,269,000 in 1897.
Land Grant.—The land grant was 12,840 acres per mile, and proceeds
of sales go to retire bonds, but a large proportion of the lands bar­
ren and useless for agricultural purposes without irrigation. In 1895
sales were 6,352 acres for $24,702 and 50,286 acres were surrendered;
interest on deferred payments, $52,200; land notes outstanding Jan.
1,1896, $3,175,542. See So. Pao. item V, 65, p. 778.
E arnings.—2 months, ) 1898.......Gross, $2,307,689; net, $816,381
July 1 to Aug. 31.
j 1897.......Gross, 2,752,912; net, 1,409,732
A nnual R eport .—For year ending June 30,1898, gross, $15,303,360; net, $6,559,850; other income, $264,137; charges, $5,411,703;
sur., $1,409,284; net profits under-lease, $1,255,654. In year 1896-97
combined results of consolidated companies showed, gross, $13,853.469. Separate report for year ending Juno 30, 1897, was given at
length in V. 65, p. 921, 931; (V. 65, p. 9 2 1 , 9 3 1 ,1 0 2 5 ; V. 66, p, 575,
761, 811.)
Southern P acific R R . o f N ew M exico —(Nee Maps) —Own
Arizona State Line to Rio Grande bridge, eto., 171 miles. Operated
under lease by Southern Pacific Company, the lessee paying all charges
and 6 per cent of net profits under the omnibus lease. Stock, $6,888,800 (par $100), all but $2,500 being held by Southern Paoiflo Co.
Sinking fund June 3 0,18 9 8 , $708,799.
E arnings .—1 month, <1898.................Gross, $108,480 ; net, $45,788
July 1 to July 31.
(1 8 9 7 .................Gross, 94,385; net, 44,892
In year ending June 30,1898, gross, $1,498,146; net, incl. other in*
come, $753,523; surplus over charges, $316,289; net profits under
lease, $76,266. In 1896, gross, $1,156,617; net, $465,963.

132
INYESTOES’
SUPPLEM KNl.
fV ol.LX VII




O c t o b e r , 1898.]




RAILROAD

STOCKS

AND

BONDS,

133

13ft

INVESTORS’

SUPPLEMENT,

[VOL. LXVII,

Subscribers w i l l con fer a great fa v o r b y g iv in g Im m ed iate n otice o f a n y error discovered In tbese T a b les.
RAILROADS.
Bonds—Prim i
INTEREST OR DIVIDENDS
Miles Date Size, or
pal,When Due.
Amount Rate per When
For explanation o f column headings, &c., see notes
of
of
Par
Where Payable, and b> Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Southern. M ailw ay—Com. stock, $125,000,000...
Preferred, 5 per cent, non-cumu., $60,000,000...
A.—P r o p e r t i e s m e r g e d i n t o S o u t h e r n R a i LWAY C o ""
Atlantic Tennessee & Ohio 1st mortgage.............
44 1883
Char. Col. & Aug. IstM . (int. In gold); V. 59,p.l006 191 1869
2d mortgage..........................................................
191 1872
Col. & Greenv. 1st m. (6p. o. after Jan.,*98), g..e* 164 1881
Ga. Pacific 1st mort., 6 p. c. after Jan.’98........ c* 566 1882
Equipment mortgage, gold, s. f., subj. to call.c*
1889
Richmond & Danville cons, mortgage, gold.......c
1874
Debenture mort., old 6s (no longer incomes)...
1882
Equipm’t Trust bonds, gold, s.f.,subj. to ca ll.. o*
1889
. Richmond York River & Chesapeake 1st m ort...
38 1873
2d M., extended from 1900..................................
38 1880
Virginia Midland—Serials........................................
1881
General mortgage. . ................................................
1886
Washington Ohio & Western 1st mortgage..........
50 1884
West. Nor. Car., 1st con. M., g .............................o* 309 1884
East Tennessee Virginia & Georgia—
Old 1st M. s.f.(Bristol,Tenn.v. Chat.to Dal.,Ga.) 272 1870
Divis’n’l M.,g.,(Bristol,Tenn. to Selma, Ala.)c* 552 1880
E. T. Va. & Ga. consol. M., g. ($20,000,000) .c&r 1,020 1886
1st M., Selma to Meridian, gold............
95 1879
So u

thern

R

a il w a y

D

iv is io n a l

M

ortgages

.

$ ........

120,000,000
57,290,400 1 inÏ898

500&C.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
lOO&o.
1,000
1,000
1,000
1,000
1,000
1,000

150,000
6
1,997,500
5 g.
500,000
7
2,000,000 5 to 6
5,660,000 5 to 6 g.
477,000
5 g.
5,997,000
6 g.
3,368,000
5
854,000
5 g.
400,000
5
500,000
4*2
7,635,000 4, 5 ,6
4.859,000
5
1,025,000
4
2,531,000
6 g.
3,123,000
3,106,000
12,770,000
1,000,000

Total mileage operated July 1,1898............................................5,256
t All or nearly all of the capital stock owned. If See this company.
} Except 35 miles in Mississippi whose securities are all owned.
Of the line from Memphis to Charleston, 237 miles are owned in fee,
the balance in Mississippi by ownership of all securities.
affiliated but operated separately (See each Co.)
Atacama Great Southern.... 357 I Central of Georgia R y ...___1 463
Oinoin. N. O. & Tex. Pacific.. 336 |Georgia Southern & F la...""" *285
Organization , E tc.—A reorganization in 1894 of the old Richmond
& West Pt. Ter. Railway & Warehouse system. The reorganization
p l a n presented in May, 1893, was given in full in V. 56, p. 858 874
and certain changes thereof in pp. 1016,1058, and V. 57, p. 61
Thé
modified plan o f Feb. 20,1894, was given in full in V. 58, p. 363, 385
In 1895 control was acquired of the Asheville & Spartanburg and*
the Alabama Great Southern (see those companies ana V. 60, p! 433
1148; V. 61, p. 26), and also a large interest in the Georgia s’outhern
& Florida (see V. 61, p. 113, 375 ; V. 63, p. 361.) An agreement was
likewise made with the Cincinnati Hamilton & Dayton for interchange
of traffic with the Cincinnati New Orleaus & Texas Pacific, control of
whose stock is owned by the Southwestern Construction Co. for benefit
o f C. H. & D. and Southern Ry. See C. N. O. &T. P. item V. 65 p 1173
Georgia Midland Ry. (98 miles) was leased in June. 1896, for 99 Vears’
—V. 63, p.361. On July 1,1898, absorbed the Memphis & Charles­
ton—see V. 66, p. 39,185.
The Virginia Midland and Knoxville Cumberland Gap & Louisville
were merged in June. 1898. V. 67, p. 30. Also leased for 37 years
Carolina & Cumberland Gap, operated since July 1. 1898 as nart
of Columbia Division.— . 67, p. 427.
V
’
p
Stock .—Authorized $120,000,000 common and $60,000,000 five per
cent non-cumulative preferred stock. No additional mortgage can oe
put upon the property, nor can the amount of the preferred stock be
Increased without the consent of holders of a majority of the preferred
The preferred stock is redeemable in cash at par.
Both classes o f stock o f the new company (except sufficient to qualifv
directors) are deposited with three stock trustees. The stock shall be
held by tne stock trustees and their successors, jointly till July 1,1899
and for such further period (if any) as shall elapse before the preferred
stock shall have paid five per cent cash dividend in one year, although
the stock trustees may, in their discretion, deliver the stock at an
earlier date. Certificates o f beneficial interest, entitling the holder to
dividends, are issued in lieu of the stock so deposited. Stock trustees
are J. Pierpont Morgan, Charles Lanier and George F. Baker. Provi­
sions o f the voting trust and preferred stock certificates were given in
Supplement o f April, 1897, page 6.
. D ividends .—On preferred in 1897, Jan., 1 p. o.; in 1898, Jan., l p c
—«V. 65, p. 1145.
*
B onds.—The new first consolidated mortgage, Central Trust Co.
N. Y „ trustee (see abstract in V. 59, p. 783), is secured by mortgage
and pledge o f all the property of the company. The total authorized
Issue is $120,000,000 o f 5 p. c. gold bonds, as follows :




& O. N. Y., J.P. Morgan & Co.
& J.
do
do
< O.
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Baltimore. Md;
< N. N. Y., j . : *. Morgan & Co.
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7
J. &
5 g- J. &
5 g. M. &
6 g. J. &

E. Tenn. lien, gold (5 after Mar., ’98)..................
1894
4,500,000
5 g.
1st mort. on Memp. & Chari., $8,000,000, gold 292 1898
5,083,000 4, 4 1 5
a,
2d mortgage, $2,500,000....................... ..............
1898
1,500,000
5
Charlottesville & Rapidan, 1st mortgage.............
28 1879 lOO&c,
354,500*
6
B.—ON PROPERTIES PRACTICALLY OWNED BY (*) OR LEASE D TO(If ) South ERN R y .
Spart. Union & Col., $1,000,000 gu. Ash. & Sp.g.
1895
1,000
1,000,000
4 g.
Southern R a ilw a y C om p an y .—(See Map.)—Company operates
5,256 miles of road extending from Washington, D. C., and West
Point and Richmond, Va., to Danville, Va., Charlotte, N. 0., Columbia,
S. C., and Atlanta, Ga., thence northerly to Bristol, Tenn., southeasterly
to the coast at Brunswick, Ga., and westerly across the States of Ala­
bama and Mississippi to the Mississippi River at Greenville. The Mem­
phis & Charleston was purchased at foreclosure sale on Feb. 26,1898,
and will be merged into Southern Ry., which issued its own securi­
ties thereon. Water lines—Baltimore Chesapeake & Richmond S. B.
Co., 200 miles.
Owned in fee—
Miles. H
North Carolina RR.—
Âlexandrianear (Washing’n)
Goldsb., N. C., to Greensb.. 130
to Greensboro, N. C.......280
Greensb. to Charlotte, etc..
94
Charlotte,N.C.,to Aug’sta.Ga. 191
Operated under agreement—
Ool’mbia,S.C.,to Greenv.,S.C. 144 tIfRichmond & Meeklenb.RR.
W. Point, Va., to Danville... 184 tRoswellRR. (narrow gauge)
Salisbury, N.C.,to Morristo’n,
So. Ry. in Miss, (bonds own’d).
Tenn................
228
StatcL., Ala. ,to Green., Miss. 179
Memphis to Stevenson, Ala... 1272
Br’ches to Webbs,Miss.,etc.
60
Bristol to Chatt’ga, Tenn___ 242 Controlled by securities—
Knoxville to Cumb’d Gap,Ky
62 t IfAshe v. & Spartanb’g R R .. 133
Ooltewah Junction, Tenn., to
10
State University RR..“. .........
Brunswick, Ga...... .............. 415 Elberton Air Line R R ...........
51
Austell,Ga., to State L., Miss. 261 t IfKnox ville & Ohio RR........
69
Atlanta June.,Ga.,to Lauder­
So. Ry. in Ky. (all owned).
dale, Miss.......................
284
Louisv.to Lexing’n,Ky.,&c. 123
Atlanta, Ga. ,to Ft.V alley, Ga. 102 Other roads................
94
Branches, etc..............
896
Trackage Rights—
Washingt’n,D.C.,toAlex.,Va.
7
Total owned......................3,568 Mobile Jc. to Birming’m, etc.
7
Leased—
Stevenson to Chattanooga.&o
39
HAtlanta < Charlotte Air L.
fe
York, Ala., to Meridian,Miss.
27
Chari.. N.C., to Atlanta, Ga. 268 Birmingham to B lock ton ....
37
ITGeorgia Midland R y............
98 Kentucky & Indiana Bridge.
7
Franklin & Pittsylvania.......
30 Selma,N.C.,to Pinners Pt.,Va. 155
^Carolina & Cumberl’d Gap..
25 Cumberl’d Gap to Middl’o.K y
5

Jan. 20,’98,1%.
A.
J.
A.
J.
J.
F.
J.
A.
M.
J.
M.
M.
M.
F.
J.

J.
J.
N.
J.

do
do
do
do

do
do
do
do

Apr.. 1913
July 1, 1900
Oct. 1, 1910
Jan. 1, 1916
Jan. 1, 1922
Various.
Jan. 1, 1915
Apr. 1, 1927
Sept. 1, 1900
Jan., 1910
Nov., 1910
Var. 1906-31
May, 1936
Feb. 1, 1924
July 1, 1914
July
July
Nov.
July

1,
1,
1,
1,

1900'
1930
1956
1918

M. < S.
fc
J. & J.

do
Mch., 1938
. do
do
do
1996
do
do
1996
fc
J. < J. Phil.,Tr. SafeD.&Ins.Co. July 1, 1913
J. < J. N.Y., J. P . Morgan & Co.
fe

Jan., 1995

Issued to June 30, 1897 (of which $666,000 in tr e a s )...... $27,525,000
Issuable o n lv to í “ PrÍor bonds” (see V. 59, p. 785)............ 69,088,700
retire certain 1 stocks (see V. 59, p. 786)...........................
5,700,000
^ (equipmentobligations (see V. 59, p.786)
1,785,672
l o be issued hereafter only for extensions and additions
at not exceeding $2,000,000 yearly, with a single excep­
tion as to $4,000,000 (see V. 59, p. 786)............................ 15,900,628
Total authorized issue.....................................................$120,000,000
Prior bonds must be paid by maturity.
Divisional First Mortgage bonds, issued in 1898 on account of purchase of Memphis & Charleston Ry., bear 4 per cent interest from Jan.
1,1898, to July 1 ,1901; then 4*2 per cent to July 1, 1906, and 5 p e r
cent thereafter. The total authorized issue is $8,000,000, but $1,500,000 can be used only to build a line replacing trackage between Stevenson and Chattanooga, 38 miles. Of the remainder of the loan, $5,083,000 are issued t j retire old mortgage indebtedness. The bonds co v e r
the 292 miles of main line and branches, at $17,408 per mile. The b al­
ance ($1,417,000) is held for betterments at not exceeding $100,000
yearly. See description of loan in V. 67. p. 179.
Second mortgage on former Memphis & Charleston secures $2,500,000 of 5 per cents, of which $1,000,000 reserved for improvements.
G eneral F inances.—Early in 1898 the Memphis & Charleston was
purchased, but until July 1 , 1898» its earnings will be kept distinct
from those of the Southern Ry. On account of the line the Southern
has issued $2,990,400 preferred stock, $5,083,000 first mortgage bonds
entailing a fixed charge till July, 1901, of $203,328 (this increasing
eventually to $254,150, exclusive of additional bonds issuable $100,000 yearly for improvements), and also $1,500,000 of second mort­
gage 5 per cent bonds. These last recoup the Southern for the cash
expenses of the purchase. The total immediate increase of fixed
charge is $278,000. Even in its crippled condition under the receiv­
ers the M. < C. earned net $336,097.—V. 66, p. 761.
fc
East Tenn. equipment notes June 30, 1898, $137,500. Bal. of pur­
chase price of Knoxville Cumberland Gap & L. Ry., $472,356, was paid
April 1, 1898.
L atest E arnings—2 ) 1898........ Gross, $3,964,405 ; net, $1,138,036
mos., July 1 to Aug. 31. j 1897........ Gross, 3,355,029; net,
896,865
Operating 5,256 miles in 1898, against 4,803 in 1897.
A nnual R eport .—Fiscal year ends J une 30. Annu al meeting is held
the fourth Tuesday in October. The report for 1897-98 was given in
V. 67, p. 366, 373. See also editorial p. 347.
Traffic.—The freight tonnage is widely diversified, which is an ele­
ment of strength. Agricultural products in 1897-98 furnished only
about 17 per cent (cotton about 7 per cent), while over 37 per cent
was from mining industries (29 per oent being ooal) and over 31 per
cent was product of manufactories. Ton rate, 0'933 cents per m.; train
load, 176 tons. Earnings, etc., have been as follows.
Years ending June 30.
1898.
1897.
1896.
Average miles operated...
4,827
4,806
4,574
$13,402,305
$12,386,902
$12,055,240
5,260,8« 1
4,832,848
5,287,914
. 1,978,112
1,859,750
1,739,093
.$20,641,298
. 14,155,799

Other income.

$19,079,500
13,233,156

$19,082,247
13,451,447

. $6,485,499
5
(68-58)
.
*456,852

$5,846,344
(69-35)
286,832

$5,630,800
(70-49)
188,507

. $6,942,351

$6,133,176

$5,819,307

$5,862,768
72,571

$5,612,235
75,022

$5,218,370
44,458

. $1,007,012

Charges—
Interest and renta
C'ther deductions.

$445,919

$556,479'

* Includes $108,474 net earnings of Memphis Division for 4 month»
ending June 30,1898.
Officers .—President, Samuel Spencer, 80 B’ way, N. Y.; 1st VicePres., Alexander B. Andrews, Raleigh, N. C.; 2d Vice-President, W. W.
Finley; 3d Vice-President, F. S. Gannon; Treas., H. C. Ansley, 1300
Pennsylvania Avenue, Washington, D. C.; Secretary, Josiah F. Hill, 80
Broadway, N. Y .- ( V . 67, p. 179, 3 6 6 , 3 7 3 ,4 2 7 , 843.)
S o u th w est P e n n sy lv an ia R y .—Greensburg, Pa., to Fairchance.
Pa., 44 miles, and branches, 64 miles; total, 108 miles. Leased to Penn,
sylvania RR., which pays net earnings as rental and owns $1,057,250
stock and $600,000 bonds.
D ividends .— ) 1892. ’ 93.
’94.
’ 95.
’96.
’97.
’ 98.
Per cent.... )
10
10
10
11
11
10
10
Yr. Dec.31. Cross.
Net.
Int.,taxes,die. Divid'ds. Balance*
1896. .. $713,793
$165,528
$104,100
$164,989 def.$103,561
1895.... 1,006,186
337,994
102,155
164,989 sur. 70,850
S ou th w estern R R . (G a.)—.See Map Central o f Georgia Ry.—Owns
Macon, Ga., to Eufaula, 144 m., Fort Valley to Columbus, Ga., and
other branches, 189 mile *.

135
RAILROAD STOCKS AND BONDS.
'October, 1898.]



136

INVESTORS’

SUPPLEMENT.

[V o l . LXVII,

Bonds—Prinol.
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due
Size, or
Amount Rate per When Where Payable, and by Stocks—L a st'
Par
of
For explanation o f column headings, &o., see notes of
Whom.
Dividend.
Bonds Value. Outstanding Cent. Payable
Road.
on first page o f tableB.
Southern B ailw au —( Concluded)—
Pref. M. (old 7s ext. in ’97, V.64, p 286) cur.o’" 265*2 1877
1st mortgage......................................................r 265*2 1877
1880
Income bonds (not cumulative)..................... r
98 1896
'Georgia Midland 1st mortgage, interest guar...
....
jfNorth Carolina—Stock, 6*2 to Dec., 1901; then 7
66 1885
♦Knoxville & Ohio, 1st inort., gold................ c*<fcr
n —On all property of Southern R y ., includin G LEAS E - HOI
w Southern Ry.—1st cons. M. g.($120,000,000)o*«fcr 4,502 1894
....
Southwest Pennsylvania—Stock [$3,000,000 auth.]. 109
~ 1st M., sink, fund $5,000 yearly, not drawn.......r 109 1877
....
Southwestern (Ga.)—Stock (see text)......................... 333
Svartanb. Union A Col.—1st M.g., gu. by So. R y.C e 134 1895
Spokane Falls A N.—1st M., $20,000 p. m.. g.Ma.o* 140 1889
■yvunmhla A. Red Mt., 1st M., $322,000, gold .M a 7-47 1896
Red Mountain 1st M., $237,000, gold............. M a 9-53 1896
Debentures, payable $56,200 annually, Jan. 1 .. 140 1897
6
Spuyten DuyvilAP,tMor.~&toe^,8 p.c.gu. N.Y.Cent.
1879
Slate Line A Sullivan—1st mortgage..................... 0*
13 1893
Staten 1st. By.—1st M., $1,000,000, gold, gu. M e. .0*
AH. 1883
Staten Isl. Bap. Tr.—1st M., g „ $ or * , s.f., not dr. .0*
2d M., g., gu. p. & i. (endorsed by B. & O.)....o«fcr All. 1886
1885
23
Stockbridge A Pittsfield—6 p.c. rental N. Y. N.H.«feH.
40 1891
Stuttgart A Arkansas Biv - 1st M. (see text), g .F .c
....
Sullivan County BB.—Stock (owned b y Vt. V al.)..
1894
1st mortgage. $400,000.......................................... c
43
Bunb’rvHazle. A Wilkesb.-Btock (owned by Pa. RR.)
43 1878
ist, Series A, drawn at 1 0 0 ....................................c
43 1878
2d mortgage, income...........................................c<fcr
.,
Sunbury A Lewistown—Stock, $1,200,000................
56 1896
1st mortgage, $600,000, p. & i., gold.......O n Pc*

M. & S. N. Y., Central Trust Co. Mch.,1898, 3%
$1,700,000
6
do *
do
Jan. 1, 1907
500.000
4 0. A. & O.
Jan. 1, 1907
do
do
4,250,000
•fa . J. «fc J.
Apr. 1, 1900
do
do
750,000
A. < O.
fc
6
1946
S
1,650,000
3 g. A. & 0. N.Y..J. P. Morgan « sCo.
Burlington, N. C.
Feb., 1898, 3%
4,000,000 6*2 to 7 F. & A.
1,000
fe
2,000,000
J. «& J. N. Y ., J. P. Morgan < Co. July 1, 1925
6 gDS. &C., 1st LIEN ONA BT. 900 MILES OF ROAD AND ON STEAMBO ATS.
l , 000&c 28,804,000
5 g. J. & J. N.Y., J. P. Morgan v Co. July 1, 1994
50
1,499,900 10 in ’i)8 A. & O. Phila., Broad St. Stat’n Oct. 1,’98, 5%
1,000
Feb. 1, 1917
do
do
900,000
F. & A.
7
100
5,191,100
5
J. & J. Sav., Ga. & Macon, Ga. J ’ly 5 ,’98,2*2%
1,000
fc
1,000,000
4 g. J. & J. N.Y., J.P. Morgan < Co. Jan. 1, 1995
1,000
2,812,000
J. & J. N. Y., Chase Nat. Bank. July 1, 1939
6
1,000
July 1, 1916
New York.
291,000
6 g. J. & J.
1,000
July 1, 1916
do
217.000
6 g. J. & J.
100
Jan 1,’99-1903
6
281,200
100
989.000
J. « s J. N. Y.. Gr’d Cent.Station July, ’98, 4%
S
8
100 < so.
S
24
280,000
J. « s J. N. Y., Union Trust Co. Jan. 1, 1899
S
6
1.000
June 1, 1943
New York City.
511,000
S
4*2 g. J. « s D.
1,000
1,000,000
S
6 g. A. « s O. Oct.,’98,coup, not paid. Jan. 1, 1913
1,000
2.500.000
S
5 g. J. « s J. July, ’98,in£ in default. Jan. 1, 1926
1,000
4.500.000 up to 6 g.
N.Y., foot Whitehall 8t. Jan. 1, 1946
100
448,700
6
Q .-J.15
Stockbridge, Mass.
Oct.,’ 9 8 ,1*2%
1921
1,000
375,000
5 g* J. & J. July, ’97, coup, not pd.
100
S
500,000 8% i n ’97 A. « s O. Boston, S.Dep. « s Tr.Co. Apr. 1,’98,4%
S
Apr. 1, 1924
1,000
Boston.
4
A. « s O.
S
357,000
......
S
1,000,000 10 in ’97 M. « s N. Phila.. Broad St. Stat’n. Nov. 1, ’98,5%
M. « s N.
S
do
do
May 1, 1928
100 &c.
963,300
5
M. « s N.
S
do
do
May 1, 1938
100 «fee. 1,350,000
6
50
1,200,000 8 in ’98 A. «fc 0 . Phila., Guar. T. & S. D. Oct. 1,’98,4%
1,000
S
500,000
4 g. •j. « s J. N.Y.,Am.Ex.N.Bk.«fePh. July 1 / 1936
$100
1,000
1,000
500
1,000

1893.
1894 to Nov., 1898.
L base.—Leased for 101 years from Nov. 1,1895, to the reorganized I D ividends .— > 1889-92.
Per cent.. . . 5 6 yearly.
8
10 (5 semi-annual.)
Central of Georgia Ry. at a rental of 5 p. o. on stock.
For year 1894-95, gross, $960,221; net, $84,367.—(V. 61, p. 1156.)
Fear Dec 31.— Gross.
Net. Int.,taxes,Ac. Div'ds,
Balance.
Spartanburg, U n io n Sc C o lu m b ia R y .—(See Map o f Southern 1 8 9 6 ................. $529,070 $229,433 $146,064 $100,000 def.$16,631
239,739
147,059
100,000 def. 7.320
jty .)_spartanburg Juno., S. C., to Asheville Junction, N. C., 66 miles; 1895................... 559,805
Alston to Spartanburg (formerly Spart. Un. «fc Col.), 68 miles, and —(V. 66, p. 906.)
the Southern Ry. owns $1,000,000 o f the $1,050,000 A. <sS. stock and
S
Su n ou ry Sc L e w ls t o w n R y .—Selinsgrove June, to Lewlstown,
guarantees the 8. U. & C. bonds, which cover entire property. (V. 63, p. Pa., 45 m.; Lewlstown Juno, to Milroy, 11 m. fV. 63, p. 561.) Leased
360.) In year 1895-96 gross, $372,881; net, $109,392; interest and for 79 years from Oot. 1,1896, (original lease was made in 1876) to
taxes, $53,193; rate per ton per mile, 8 cents.—(V. 63, p. 360.)
Pennsylvania Railroad for one-half o f net earnings after payment o f
Spokane F a lls Sc N orth ern R y .—Owns from Spokane, Wash., interest. D ividends —1883 to 1889, inclusive, 6 per ot. per an.; 1890
to Oct., 1898, Inclusive, at rate o f 8 p. c. Earnings year 1897, gross,
to Canada line, 140-6 miles. Allied lin es: Nelson < Fort Sheppard
fc
By., International Boundary Line to Kootenai Lake, B. O., 60 m iles; $521,618; balance (over charges) to 8. & L., $22,124.—(V. 64, p. 1043.)
Columbia «fc Red Mountain Ry., Northport to Rossland, 17 miles.
S u n co ok V a lle y R R . —Owns road Suncook to Pittsfield, N. H., 17
In June. 1898, the Spokane Falls <sNo., together with the allied lines, miles. Leased till 1912 to Concord & Montreal for 6 p. c. on $240,0OO
S
was acquired by the Great Northern. V. 67, p. 179.
of capital stock; total stock issued is $341",700, of which $ ld l,7 0 0 is
Stock, $2,812,000. “ Other indebtedness” Dec., 1897, $260,000.
now dividend paying. President, Hiram A. Tuttle, Pittsfield, N. H.
In 1898 the Canadian Paciflo was building a connecting line from
Suspension R rid ge Sc E r ie .—Merged in Erie RR. in April, 1896.
Lethbridge to Nelson, 325 miles. See V. 66, p. 526.
Sussex
J., and
E arnings.—10 months 5 1 8 9 7 .......... Gross, $518,678; net, $244,742 branch, 30 R R . —Owns road from Waterloo to Franklin, N. by Del«
miles. Road opened 1854. Since 1881 operated
Jan. 1 to Oct. 31.
¿1896..........G ross, 356,995; net. 202,618 Lack. <
owns a majority of the $1,638,600 stock. For year
Report for 1897, V. 66, p. 614, showed gross, $596,910; net, $312,- ending &W., which1897, gross, $134,411; net, $47,248; charges, $21,June 30,
041; In 1896, gross, $439,759; net, $ 2 5 6,4 3 1 .-V. 67, p. 30,179.
077; balance, sur., $26,171. In 1895-6, gross, $126,286; net, $26,573Spuyten B u y v il Sc P o rt M o rris R R . —Owns 6 m. double track
Syracuse B in
. R R . —1
G
and oonnects the N. Y. Central & Hudson with the N. Y. & Harlem hamton, N. Y., 81 g h a m to n Sc N . Ysince 1857eddes, N. Y., to Bing,
miles. Controlled
by Delaware Lack. <
fe
Leased to New York Central till Deo. 31,1970, at 8 per oent on stock.
W., which, July 1, 1896, owned $1,912,000 stock and guar, the bonds.
State L ine Sc S u lliva n R R . —Owns Monroeton, Pa., to Berenioe, Dividends . . . . ^
’ 88
’ 89
'90
*91
’ 92 to Aug.,’98, Indus.
Pa., 24 miles. Stock, $980,250 (par $50.) Mortgage covers 5,000 acres P ercen t...... . ..5
12
8
8
13
8 yearly (2 p. c. quar.)
coal lands. The stockholders are to vote on Dec. 8,1898, on a propo­
E arnings.—For years ending June 3 0 —
sition to increase indebtedness. V. 67, p. 801. Road leased till 1934
to Penn. & N. Y. Canal & RR. (rental, $40,000 per annum), and so
Year—
Gross.
Net.
Int. A taxes. Dividends. Bal., sur.
operated by Lehigh Valley. V. 67, p. 801.
1897-8........$861,864
$379,105
$176,491
$200,000 sur. $2,614
386,696
184,283
200,000 sur. 2,413
Staten Island. R y .—Clifton to Tottenville, 13 miles. Leased to 1896-7........ 839,185
Net in 1897-8 includes $6,497 o f other income. —(V. 65, p. 5 68.)
Staten Is. Rapid Transit Co. till 1983, at $82,595 per ann., which pays
$4 per share os stock, interest on bonds and organization expenses.
Syracuse Geneva Sc C orn in g R y .—Owns from Corning, N. Y.»
Stock .—Authorized and outstanding, $1,050,000; par, $75.
to Geneva, N. Y., 58 miles; Penn Yan to Dresden, 6 m. Leased to Fal*
B onds—Of the 4*2 per oents no more than $511,000 to be issued e x ­ Brook Ry. Stock $1,325,0OO (par $100); N. Y. Central owns $662,600cept on two-thirds vote o f stockholders. (V. 61, p. 737.)
D ividends since 1891: In 1892,10 p. o . ; in 1893,12 p. e.; in 1894,
Staten Is la n d R a p id T r a n sit R R .—Owns line of road around 7 n. c.; in 1895, 8 p. 0.; in 1896, 8 p. 0.; ip 1897, 6 p. c.; in 1398, 6 p. 0.
the Staten Island shore, east and north sides, from South Beach to a
In year ending June 30, 1897, gross, $655,567; net, $213,891;
oint near EUzabethport, N. J.; total owned 11 m iles; leases Staten rental and taxes, $229,551; loss to lessee, $15,660.—(V. 63, p. 190.)
Bland Railway, 13 rnues; total operated 24 miles.
T eh u an tepec N ation a l R y . (M ex ico )—See V. 63, p. 31.
In July, 1898, Joshua Van Smith was made receiver. V. 67, p. 179.
Tennessee
completed from Lebanon to
D efaults .—July, 1898, interest on 2nd mortgage in default V. 67, Standing Stone, C entral R y .—Partly projected from near Kingston,
etc., 27 miles. Line is
p. 30. Oct., 1898, interest on 1st 6s not paid. V. 67, p. 691, 737.
on west bank of Clinch River via Knoxville and Nashville to Clarks­
Protective Committees.—Second Mortgage.—In Sept., 1898, over 92 ville, about 250 miles. In July, 1898, 50 miles had been graded, and
per cent of loan was deposited with Hallgarten & Co. V. 67, p. 484.
construction of the entire line was expected to be begun within ninety
First Mortgage.—The Investment Co. of Philadelphia in Oct., 1-9S, days. V. 67, p. 179; V. 67, p. 30. This company is successor to the
requested deposits “ to secure an order for the reoeiver to pay the Tennessee Central Railroad, sold in foreclosure in Jun-, 1897. Capi­
defaulted interest, etc.,” and will advanoe Ootober, 1898, interest, and tal stock is authorized at $20,000 per mile of completed road. In Tune,
1898, made a mortgage to secure $5,000.000 50-year gold 5s (Missis­
April, 1899, interest if the litigation is protracted.
Another committee consists of J. W. Davis (Chairman), T. Denny, Jr., sippi Val. Trust Co., Trustee). (V. 66, p. 83; V. 67, p. 30,179, 222.)
and F. J. Lisman. Guaranty Trust Co., 59 Cedar Street, New York,
Tennessee N orthern R y .—Projected and partly constructed
depositary. V. 67, p. 737.
from the Southern Ry. near Coal Creek, Tenn., through a mountainous
Incomes and Stock.—H..L.Horton & Co. receive deposits. V. 67, p. 435. country to the property of the Cumberland Coal < Iron Co. in Big
fc
Securities .—The Baltimore « c Ohio guarantees the 2d mortgage Creek Gap, near Folette, Tenn., a distance of about 25 miles. Thirteen
S
and owns $255,000 of the stock of $500,000 (par $100), and $2.336,000 miles, La Follette Junction to Warren, are in operation. Stock, $250,000; par, $100. President, Alfred A. Glasier, 10 Ames B’l’ g, Boston.
of the 2ds or inoomes. Loans and bills payable June, 1898, $879,707.
T e rm in a l R R . A sso c ia tio n o f St. L o u is .—Property .—
E arnings.—Statement 1897-98, with balance sheet, in V. 67, p. 368#
and
Year ends June 30.
Gross.
Net.
Int. A Taxes. Balance. Owns and operates extensive terminals at St. Louis, with belt lines Sta­
bridges, and a tunnel 4,800 feet in length. The Union Passenger
1897-98...........................$680,284
$304,631
$327,195 dtf.$22,564 tion at St. Louis was opened Sept. 1,1894. The station is leased to the
1896-97.......................... 648,414
256,091
328,447 dev*. 72,356
a
1895-96.......................... 764,453
347,910
321,467 sur. 26,443 tenant lines for $325,000 per annum onSt.wheelage basis. Street RR.
Owns entire stock ($210,000) of East
Louis Electric
—(V. 67, p. 30,179, 275, 3 6 8 , 372, 435, 484, 691, 737.)
Organization .—Organized in 1889. The
Stock bridge Sc Pittsfield. R R .—Vandeusenville to Pittsfield, sole owners: Cleveland Cincinnati Chicago following companies ares
& St. Louis. Louisville <
S
Mass., 23 m. Leased for 99 years April 1,1893, to N. Y. N. H. < H., at Nashville, St. Louis Iron Mountain & Southern, Ohio <s Mississippi,
fc
S
6 p. o. on stock. Lessee pays taxes. Lease to Housatonio suspended. Missouri Pacific and W abash. These companies have agreed under
Stock ton Sc T u o lu m n e C ou n ty R R . —Projected to run from contract to use the property forever and to pay as tolls interest, taxes,
Stockton, Cal., to Summersvllle, about 70 miles, stock, $1,000,000; rentals and other charges, and each line w ill contribute its proportion
par, $100. Bonds, it is »aid, are to be $1,000,000 40-year 6s. Presi­ to the extent of one-seventh of $1,000,000 to make up any de­
dent, Annie Kline Rikert; Secretary, Robert S. Clarke. Office Grand ficiency from unforeseen circumstances. Controls St. L. Merchants’
Hotel, San Francisco, Cal.
Bridge Term. RR.—see that comp any.—(V. 57, p. 1084.)
Stuttgart Sc A rk a n sa s R iv e r R R . —Stuttgart to Greenwald,
L eases.—The leases of the Bridge and the Tunnel are for their
Ark., 34 miles; branch 6 miles. Stock, $500,000. Receiver, S. W. For- corporate existence, and were made July 1,1881, to the Missouri Paciflo
dyoe. Foreclosure sale set for Aug. 2, 1898. Year 1896-97, gross, and the Wabash, bv which companies they were assigned to the present
$16,061.—V. 66, p. 1190.
association. The lease guaranteed 6 per cent on the Bridge Co’s $2,490,000 first pref. stock, 3 p. 0. on its $3,000,000 second pref. and 6
S u m m it B r a n c h R R . —See Miscellaneous Companies .
S u lliva n C ounty R R .—Road from Bellows Falls to Windsor, p. c. on the Tunnel Co’ s. $1,250,000 common stock.
Stock .—Capital stock outstanding Deo. 31, 1897, $1,441,200.
Vt., 26 miles, o f which 1 mile trackage. Road opened 1849; operated
since April, 1893, by Boston & Maine. Net earnings, less taxes, paid
B onds, E tc.—The mortgage o f 1889 (trustee, Central Trust Company,
lessor. Dividends of 8 p. o. in 1895-96,1896-97 and 1897-98.
was described in advertisement in Chronicle of February 13,1892.
E arnings .—For year 1897-9-1, gross, $250,567; net, $72,238; inter­ The 1st consol, mortgage o f 1894 (Central Tr. Co., o f N. Y ., trustee,) is
est, taxes, etc., $32,204; dividends (8 p. c.), $40,000. (V. 65, p. 8 6 7 .) for $12,000,000 of 5 p. c. gold bonds, of which $7,000,000 reserved
Su n bu ry H a z le to n Sc W ilk e sb a r r e R y .—Sunbury to Tom- to retire firsts of 1889 and $500,000 for completion of East Belt Line.
Guarantees the $3,500,000 St. L. Merchants’ Bridge Terminal 1st 5s,
htcken. Pa., 43 m. A coal road operated by the Penn. RR. Co., which
owns the entire capital stock and $488,600 incomes. Sinking fund for and the interest on the $2,000,000 1st 6s of Merchants’ Bridge proper.
(See those Co’s.) On Deo. 31,1896, there was due from St. L. < Merfc
1st mortgage now draws about $11,000 bonds yearly at par.

J




O ctober , 1898.]

RAILRO AD

STOCKS

AN D

BONDS.

137

Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these Tables.
Bonds—Prlnol
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
F or explanation of column headings, &o., see notes of
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
J u ly ,’ 98, 3%
J. & J.
6
$240,000
$100
Suneook Valley—Stock, 6 p. c. rental Con. & Mon..
A. & 0. N. Y.. D. L. & W. Office. Apr. 1, 1903
' 236,500
7
Sussex 11R.—1st mortgage..........................................
2,500,000 8 in 1897 Q— F. N. Y., D. L. & W. RR. Co. July 27,’ 98,2%
100
81
Syracuse Binghamton < New York—Stock................
&
Oot. 1, 1906
do
do
A. & O.
7
1.966.000
1,000
81 1876
Consol. M.(p. andi. guar, (end.) by D.L.*W.).c*&r
1.325.000 6 in ’ 98 M. & S. N.Y., Gr. Cent. Station. Sept.1898,3%
100
Syracuse Geneva < Coming—Stock...........................
6
M15&N. N. Y., Farm. L. & Tr. Co. Nov. 15,1905
625,500
7
57 1875 100 &c.
1st mortgage, s. f., dr’n at par............................. o
M. & 8. N. Y., Gr. Cent. Station. Mch. 1, 1909
5
1,000
600,000
57 1879
2d mortgage.............................................................. o
LOGO
5 g. J. & J. St. L. Miss. Val. Tr. Co. Jan. 1, 1948
Tennessee Oen'ral Hy.—IstM .. $5,000,000 .M S t. o* 250 1898
(Î)
1927
J. & J. Boston Am.Lo. &Tr.Co.
250,000
6
1897
Tennessee Northern By.—1st M.......... .......................
4*flg. A. & O. N.Y., J. P. M organ* Co. Oct. 1, 1939
7,000,000
1,000
1889
Terminal Railroad Association—lstm ort., gold..c*
Aug. 1, 1944
do
do
1,000
4.500.000
1894
5 g. F. & A.
1st consol, mortgage, $12,000,000, gold............c*
July, ’98, 3%
do
do
J. & J.
6
100
2.490.000
St. Louis Bridge Co. 1st pref. stock, guaranteed.
July, ’98,1*2%
do
do
J. & J.
3
3;ooo;ooo
100
2d preferred stock, guaranteed, endorsed........
A. & O. New York and London. Apr. 1, 1929
5,000,000
7 g.
1879 500 &o.
1st mortgage, interest in gold.......................... c*
J. & J. N.Y., J. P. Morgan & Co. July, ’98, 3%
1,250,000
6
Tunnel Railroad of St. Louis, stock, guar, (end.).
1,000,000
1,000
1896
4 g. A. & O. N. Y., Security & Tr. Co. Apr. 1, 1946
Terminal By. (Buffalo)—IstM .,$1,000,000,g., N.c*
1,900,000
5 g. J. & J. N. Y., Farm. L. & Tr. Co. July 1, 1925
1,000
Terre Haute < Indianan.—Consol. M.,now 1st M.,g. 116 1885
&
July 1, 1925
do
do
600,000
1,000
5 g. J. & J.
2d M., consol, g., red. aft. July 1,1902, at 1 0 5 ..c 116 1892
6
276,633
Equipment trusts Oct. 31,18 9 7 ............................
Jan. 1, 1910
J. & J. N.Y.,Farmers’L.&T.Co.
500,000
6
1,000
Terre Haute dt Logansp.—Is tM., guar, by T.H.&Ind. ~93 1879
Jan. 1, 1913
6
J. & J.
1,000
1,000,000
65 1883
•Ext. M. IstM . onLogans.toSo.B.(2don93m.)gu.
Mar. 1, 1927
In default.
1,000
69,000
5 g. M. & S.
Terre Haute dt Peoria.—First mortgage, gold.......... 138 1887
1,000
2,161,000
138 1892
5 g. M. & S. Mar.,’96, coup.last paid Sept. 1, 1942
1st oonsol. M., $2,500,000, g., gu. p.& i. (end.)...o*
2,649,400
Texas Central—Common stock..................................
1,324,500 3 in Ì898 Jan. N. Y., Moran, 54 Wm. St. Jan. 15,’ 98,3%
Preferred stock, non-cum............................... ........
1,000
350,000
5 g- A. & 0. N.Y. Farm. L’n & T. Co. Apr. 1, 1923
1st mortgage for $2,000,000 gold, red. at 110..o* 176 1893
1993
None in 1896-97
5
J. & J.
52 1893
1,000
150,000
Texas Midland BE.—1st mortgage............................
1993
None in 1896-97
5
J. & J.
52 1893
1,000
750,000
2d mortgage...............................................................
F. & A. N. Y.,S. Pac.,23 Br’dSt. Aug. 1, 1905
1,000
1,620,000
7
Tex. dt N. O. o f ’74—Land gr. s.f.not drn., 1st M. .c**r 105 1875
Sept. 1, 1912
do
do
1,000
2,575,000
6 g. M. & S.
Sabine Division 1st mortgage, gold............... e*<fcr 104 1882
J. & J. N. Y., Central Trust Co. July 1, 1943
1,000
1,620,000
Consol, mortgage for $4,195,000................... c*«fcr 209 1893
2 p. ct. per an.
386,099
S * M. & N.
Texas school fund June 30,1896..................
100 38,710,900
—
Texas dt Pacific—Stock, $50,000,000................
chants Br. Terminal Co. $868,489 for advances on account of guaran­
ty, of which $180,000 advanced in 1895-96, but is not included in
fixed charges below. On Jan. 1,1898, the amount due from the St. L.
Merch. Bridge Ter. for advances to meet interest on its bonds, and
from others, was $1,148,390, against $1,036,675. Bills payable Deo.
31,1897, $627,877.
A nnual R eport .—Year ends Dec. 31. Report in V. 66, p. 572, showed:
Year—
Gross
Net.
Other ine. Charges.
Balance.
1 8 9 7 ..
.. $1,862,228 $1,184,641 $335,462 $1,411,918 sr.$!08,185
1 8 9 6 ..
.. 1,799,207 1,048,440
330,213 *1,368,756 sur. 9,897
1895___ 1,757,781
1,042,757
333,313
1,370,397
sur.5,673
* Also paid under guaranty of Merch. Bridge bonds $180,000 in 1896.
President, Julius S. Walsh (elected in March, 1896); Vice-President
and Gen. Man., E. P. Bryan; Secretary, James Hanna; Treasurer, A. H.
Oalef. (V. 62, p .4 9 9 ; V. 64, p. 5 1 5 ; V. 66, p. 572.)
T e r m in a l R y . o f B u ffa lo .—Blaisdell, N. Y., to Depew, Erie
Co., N. Y., 11 miles. Opened Sept. 15,1898. V. 67, p. 530. Stock is
$1,000,000; par, $100. Lake Shore* Michigan Southern and N. Y. C.
& H. R. RR. each own 5,000 shares of the stock. Secretary, E. V. W.
Rossiter, N. Y. City.—V. 64, p. 1138; V. 67, p. 530.
T erre R a u te Sc In d ia n a p o lis R R . —(See Map Pa. BB.)—Owns
Indianapolis to Illiaois State line, 80 miles, with coal branches, 36
miles ; total, 116 miles. Leases Terre Haute & Logansport RR., 183
miles ; St. Louis Vandalia & Terre Haute, 158 miles ; Indiana & Lake
Miohigan RR., South Bend, Ind., to St Joseph Harbor, Mich., 40 m.; Terre
Haute & Peoria (less trackage rights on 38 miles and half ownership
in 8 m ), 174 m.; E. St. L. & Carondelet Ry. (op. under contract) 13 m.;
total, 684 m. Pa. Co. owns a large block of the $1,988,150 stock.
R eceivership .—On Nov. 13,1896, Volney T. Mallott, of Indianapo­
lis, Ind., was appointed receiver. See statement in V. 63, p. 1011.
L eases , E tc.—Leases St. Louis Vandalia & Terre Haute RR. on joint
account with Pittsburg Cincinnati Chic. & St. L. RR., at 30 p. o, of gross
earnings, and owns $50,000 of its oom. and $326,000 of its pref. stock.
D ividends : 1878 to 1884, 8; 1885 to Feb., 1894, 6 p. c.; none since.
In 1893 six per cent equipment notes for $400,000 were issued,
maturing $5,556 monthly, the Vandalia to pay 42 per cent of these,
the T. H. & L. 17 p. c. and the T. H. & I. 41 p. c. On Oct. 31,1897, bills
payable, $148,000; accounts payable, $166,747; car and locomotive
trusts, $276,633.
G uaranties —Guarantees bonds of the St. L. V. & T. H., T. H. &
Logansport, T. H. & Peoria and Indiana & Lake Michigan—see those
companies—
but interest on Ind. & Lake Mich., T. H. & Peoria andT.
H. & Logansport extension bonds in default. V. 63, p. 407. Interest
due Jan. 1 and July 1,1898, on Terre H. & Indianap. oonsol. 5s of 1885
and 1892 was paid.—V. 67, p. 30.
A nnual R eport .—Fiscal year ends Oct. 31. Report for 1896-7 was
given in V. 66, p. 331. On 116 miles owned, gross for 1896-7, $1,166,387; net, $329,580; interest, $125,000; loss in operating leased lines,
$165,580; balance, surplus for year, $39,000; other income not in­
cluded above, $11,000. In 1895-6, gross, $1,213,573; net, $196,691;
other income. $46,833; interest, $125,000; loss in operating leased
lines, $279,794; balance, deficit, $161,273— (V. 63, p, 2 6 , 407, 924,
1011; V. 64, p. 4 6 6 ; V. 66, p. 3 3 1 ; V. 67, p. 30.)
Terre H a u te Sc L ogan sport R R . —Owns from South Bend, Ind.,
to Rockville, Ind., 161 miles'! trackage, Rockville to Terre Haute, 22
miles; steel, 60 and 70 lb. Leased to Terre Haute * Indianapolis RR.
for 99 years from December, 1879, at 25 per cent of gross earnings and
first mortgage bonds guaranteed. Stock, $500,000 ; par $50.
Foreclosure sale adjourned to November 19,1898, under extension
mortgage of 1913. V. 67, p. 691, 843.
Extension M. Committee—Chairman, R. Dale Benson; Charles Pratt, R.
S. Brook, H. F. West, Aug. Thomas, M. G. Bulkley aud M. L. Scudder.
Depositaries, Drexel & Co., Phila.; N. Y. Security & Trust Co., N. Y.;
95 per cent of loan deposited. (V. 63, p. 117, 839.)
M . L. Scudder, 32 Liberty St., N. Y., was chairman of a committee
T
to protect first 6s, due 1010 ; interest on these, however, has been
regularly paid.
E arnings—Fiscal year ends Oct. 31. Report for 1897 was given in
V. 66, p. 331. In 1896-97 gross, $622,415; net, $156,834; rental from
lessee, $155,604; balance, profit to lessee, $1,230. In 1895-96, gross,
$595,719; net, $81,526; rental paid T. H. & L., $148,930; bal., loss to
lessee, $67,404. In 1894-5. gross, $680,649; net, $122,146. (V. 65, p.
152, 236, 368; V. 66, p. 3 3 1 ; V. 67, p 691, 843.)
T erre H a u te Sc P e oria R R .—f See Map o f Pennsylvania BR.)—
Road operated from Terre Haute, Ind., via Decatur, to Peoria, 111., 173
miles, o f which 133 miles are owned and half interest owned in 7
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 o f gross earnings, with a minimum sufficient to pay interest
on debt. See V. 55, p. 766. Lessee owns $544,200 of the $1,837,400
preferred and $1,388,000 of the $1,926,800 common.
Committee . — Interest due Sept. 1, 1896, was not paid. B ond
nolders’ Committee—
Chairman, Mark T. Cox, James A. Blair, James
W. Paul, Jr. Depositaries, N. Y. Security * Trust Co. N. Y\, and




Drexel & Co., Phila. A majority of bonds has been deposited and re
ceivrtr appointed for the T. H. & I. RR. (lessee).
The consols [Union Trust Co., N. Y., trustee], carry the guaranty o f
theT. H. & Indian i.nulls. Fiscal year ends Oct. 31. In 1896-97, gross,
$395,621; net, $26,175; rental from lessee, $118,686; balance, loss to
lessee, $92,511. Ia 1895-96, gross M '9,559; net, $18,663; rentals to
T. H. & P., $121,068; balance, loss to lessee, $102,405. In 1894-95,
gross earnings, $445,483; net. $67.543. (V. 64, p. 4 6 7 ; V. 66, p. 3 3 1 .)
T ex a s Central R R . - R oad —Runs from Ross, in McLennan Co. to
Albany, Tex., etc., 176 miles; branch, Ross to Elm Mott, 1*6 miles,
connecting with M. K. & T. This railroad company in January,
1893, took over the railway company’ s main line sold in foreclosure
April 22, 1891. The new mortgage provides for old liabilities, better»
ments and future extensions. On July 1, 1898, $300,000 additional
firsts were held in treasury. A sto Waco&North Western see V. 64, p. 707.
D ividends on P referred .—In 1896, Jan., 3 p . c.; inl897, Jan., 3 p.
o.; in 1898, Jan., 3 p. c.
L atest E vrnings.—7 mos., 5 18 9 8..Gross, $147,969; net, $29,158
Jan. 1 to July 31.
( 18 9 7..Gross, 122,562; net,
9,371
In year ending June 30 ,18 9 3, gross, $364,766'; net, $147,378; inter­
est on bonds, $15,625; dividends, $39,735; spent for improvements,
etc., $72,135; balance, surp.,for year, $19,883. In 1896-7 gross, $288,064; net, $82,089. (V. 65, p. 622 ;V. 66, p. 428, 51 9 .)
T e x a s M id la n d R R . —Road from Ennis on Houston & Texas
Central Ry. to Paris, Texas, 125 miles (of which 52 miles Greenville
to Paris completed in Oct., 1896.) Of the 125 miles, 14 are trackage
over St. Louis Southwestern. Formerly part of Texas Central
Ry.; in 1893 purchased by Mrs. Hetty Green. It was reported in
Marsh, 1897, that rails had been purchased to extend the road from
Greenville to Dallas and Waoo, 130 miles.
Stock .—$500,000; par, $100. Total current liabilities July 1,1897,
$1,821,154, including $176,866 unpaid coupons. For year ending June
30, 1897, gross, $295,270; net, $42,238; other income, $17,250;
charges, $71,523; bal., deficit, $12,035. In 1895-96 gross earnings,
$141,876; defloit from operating, $27,198. President, E. H. R. Green*
Terrell, Texas.—V. 63, p. 839.
T ex a s Sc N ew O rleans R R .( o f 1 8 7 4 ).—Houston,Tex., to Orange.$
(Sabine River), 105 miles; and Sabine City to Rockland, 102 miles;
Texas Transportation Co., 8 miles, was purchased in 1896.
Securities E tc .—A reorganization in 1874. The stock is $5,000,000,
all but $2,500 of it being owned by the Southern Pacific. First 7s are
purchased, by the sinking fund at not over 110. Subsidy lands Jan. 1,
1894, were 734,969 acres; other lands 115,523 acres.
E arnings.—1 month, S1898................ Gross, $160,428; net, $78,498
July 1 to July 31. (1 8 9 7 ................ Gross, 126,674; net, 54,994
In year ending June 30, 189®, gross, $1,491,831; net, $538,910»
surplus, including other income, over charges and taxes, $210,172.
In 1896, gross, $1,395,966; net, $457,257. (V. 62, p. 1140.)
T ex a s Sc P acific R y .—R oad : New Orleans, La., westerly to E l
Paso, Texas, 1,159 miles; Marshall via Texarkana Junction and Whitesboro to Fort Worth, 316 m iles; branches, 24 m iles; total, 1,499, o f
which 92 miles, Sierra Blaneo to E l Paso, is trackage, and 21 miles,
Shreveport to State line, leased, leaving 1,386 miles owned. In July,
1898, the T. & P. were building a new line from Waskom, Tex., to
Reisor, La., 12 miles, to be used as a part of the main line instead of
line theretofore leased of Vicks. Shreveport & Pao.RR. from State Line
to Shreveport, La , and lease is to be given up Jan. 1,1899. V.-67,p. 75.
Organization — In 1888 reorganized by the plan in V. 43, p. 164, and
V. 45, p. 401, without having the foreclosure sale confirmed, thus pre­
serving the original Federal charter. Land assets Jan. 1, 1898, were
86,240 acres, a large number of town lots and land notes $63,724.
See also Texas Paoiflc Land Trust in “ Miscellaneous Cos.”
Stock — Mo. Pacific Dec. 31,1897, owned $6,525,000 stock, pledged as
part security for its funding notes of 1895 and valued for purpose of
withdrawal at $978,750.
B onds— Trustee of first mortgage of 1888 is Fidelity Ins. Trust & Safe
Deposit Co., of Philadelphia; of second mortgage of 1888 Mercantile
frust Co., of New York. (See mortgage abstracts, V. 47, p. 82.)
The Texas school loan was lifted in March, 1898, the $167,000 1st
oonsol. 5s securing it being placed in the treasury; $73,000 old bonds
are unredeemed; interest scrip, income and land grant bonds (a
stock liability, retirable under reorganization agreement), $296,392 :
other scrip, $10,275. $438,000 Eastern Division 1st 6s have been
called for redemption on March 1,1899. V. 67, p. 738.
F inances— In Mar., 1898, no interest had been paid on second 5s, but
there is no right to foreclose unless default is made on first mortgage.
Holders of one-third of the outstanding secondsf however, may require
the trustee to enter upon and operate the property, but this right has
never been exercised. The company has been spending its earnings in
needed improvements.
In 1897 $77,145 oar trust notes were paid, leaving $24,959 still ou t­
standing, which will all be paid by July 30,1898.
E arnings.—Jan. 1 to Oct* 7, 9 l4 months, gross, $5,370,765 in 1898
$4,927,269 in 1897.

138
INVESTORS’
SUPPLEMENT.
[V ol . l x v ii ,




KAILROAD STOCKS AND BONDS.

October, 1898.]

139

Subscribers w ill con fer a great fa v o r by g iv in g im m e d ia te n otice o f a n y error discovered in these T a b le s.
Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate per When (Where Payable, and by Stocks—Last
Par
For explanation o f column headings, &c., see notes of
of
Outstanding Cent. Payable
Dividend.
Whom.
on first page of tables.
Road. Bonds Value.
Texas A Pacific—(Con.) —
1st M. (Eastern Div.), gold, s. f. red. at 100___o'
1st consol, mort. for $25,000,000, gold............. o
2d consol, inc. M. ($25,000,000), gold (see rem.)o’
Car trusts June 1, 1898, payable monthly___
Texas Sabine Val.A N. W.—1st M. $12,000 p.m., g..c
Tioga RR.—Stock '$189,700 is preferred).................
1st M., due 1882 and extended, g o ld .....................
Extension b o n d s......................................................
Elmira State Line Railroad 1st mortgage, guar..
Toledo Ann Arbor A North Michigan—See A nn An
Toledo A Ohio Central—Common stock.....................
Preferred stock..........................................................
1st M., g., limited to $3,000,000 (V. 53, p. 436)...
Western Div. 1st mort. for $2,500,000, gold....o*
General mortgage ($2,000,000), g o ld .............. o*
Car trusts, Series 5, 6, June 30,1897 (prin’ pal)..
Tol. A Ohio Cent. Ext.—Marietta Mineral 1st M., g.
1st mortgage for $1,500,000, gold..................... c
General mortgage....................................................
Toledo Peoria A West.—1st M., (for $5,000,000), g.o
Debenture scrip, authorized $220,275.................
Toledo St. Louis A Kansas City.—Common stock..
Preferred stock, 4 per cent, non cumulative.......
Receivers’ ctfs. (lien ahead of 1st M.), $430,000
1st mortgage, gold (redeemable at 105)............o'
Oar trusts, June 30,1898.......................................
Toledo Saginaw A Muskegon—Stock.........................
1st mortgage............................................................

505
1,387
1,387

1875
1888
1888

38

1888

46
46
7
BOR R

1852
1875
1875
AILRO

196
Text.
335

1885
1892
1894

39
15
230

1885
1888
1891
1887

451
451
451
451

1898
1886

96

1888

$L,000
1,000
1,000

$3,784,000
21,216,000
23,172,588
7,131
1,000
473,000
580,900
50
500 &c.
239,500
1,000
265,000
500 &o.
160,000
AD.
100
6,500,000
100
3,708,000
1,000
3,000,000
1,000
2,500,000
1,500,000
1,000
186,775
100 &c.
650,000
1,000
850,000
1,000
600,000
1,000
4,895,000
220,275
100 11,250,000
100
5,805,000
1,000
280,000
1,000
9,000,000
254,679
100
1,600,000
1,000
1,649.000

A nnual R eport .—Annual meeting is held in New York on the third
Wednesday in March. Report for 1897 was in V. 66, p. 569.
Year ending Dec. 31— 1897.
1896
1895.
1894.
$6,825,145 $7,015,309 $7,353,013
Gross earnings........ $7,588,648
Net earnings............. 1,965,900
1,457,559
1,614,648 1,863,189
150,297
109,533
86,324
71,954
Other receipts..........
Total income .,..$2,11 197
Paid rentals, etc....... $130,845
Interest on debt........ 1,279,490

$1,567,092 $1,700,972
$81,326
$83,877
1,279,490 1,279,490

$1,935,143
$109,277
1,279,490

Surplus for year. $705,862
$206,276
$337,605
$546,376
New equip, r.est.,etc. $257,893
$212,287
$182,633
$278,041
—(V. 64, p. 5 6 4 ; V. 66, p. 473, 530, 5 6 9 , 575,1046,1239; V. 67, p. 75>
738.)
T e x a s Sabine V alley Sc N orth w estern R y . - Longview Junc­
tion, Texas, to Boren, Texas, 40 miles. Reported sold in foreclosure
Mar. 2,1897, to F. T. Rembert, D. D. Durham and G. T. Merrill o f
Longview, and the Grigsby Construction Company of Jefferson, Tex.,
. for a total o f $10,000. For year ending June 30, 1897, gross, $36,843; net, $12,974; total deductions, $29,387; balance, deficit, $16,413.
In 1895-6, gross, $34,808; net, $7,280. (V. 63, p. 155; V. 64, p. 708.) .
T o led o A n n A rb o r Sc N orth ffElch.—See A nn A rbor RR.
T o led o Sc O hio C entral R y .—fjStee Map) —This road, w ell shown
on the accompanying map, is made up as follows
Lines owned.
Miles.
Trackage C37 miles.)
Miles.
Toledo to Bremen....................... 173 In Toledo (L. S. & M. 8.)..........
1
Alum Creek to Truro Juno.. . .
4 Bremen to New Lexington.. . . 11
New Lexington to Corning.. . . 13 To Millfleld and to Carrington 25
Prentice to Thurston.................145
Total operated..................... 372
Total ow ned...................... . 335
Organization .—Formed after sale in foreclosure o f the Ohio Central
main line on Anril 15, 1885. In Ootober, 1890, a large interest in the
Kanawha & Michigan (which see) was acquired, and In Aug., 1893, an
extension of the K. & M. connecting with the Ches. & Ohio was opened.
Capital Stock .—Common stock was increased in February, 1891,
from $1,849,000 to $4,849,000, and in March, 1893, to $6,500,000, for
extensions, rolling stock and improvements.
The preferred is entitled to 5 per cent non-cumulative, then oommon
to 5, then preferred to 2, then common to 2, then both share, pro rata.
D ividends .—On com m on: In 1891, 2 per cen t; in 1892. 4 p. c.; in
1893, 2 p. c.; none since. On preferred from April, 1890, to July,
1896, inclusive, 5 p. o. yearly (1% quar.); none since. V. 64, p. 135.
B onds.— Western Division mortgage covers the road from Toledo
to Truro Junction, 139 miles, and also (subject to the first mort­
gage o f 1885) the rest of the property. See V. 55, p. 322,-545, 590, 625.
General mortgage o f 1894 (Central Trust Co., New York, trustee) is
for $2,000,000, secured by a general mortgage on all the railway, prop­
erty, terminals, equipment, rights and francfiises o f the company now
owned or hereafter acquired.—V. 62, p. 594.
The Toledo & Ohio Central guarantees the principal and interest of
the Kanawha & Michigan first mortgage bonds. (See that company.)
General F inances.—In March, 1896, were listed on the New York
Stock Exchange $1,500,000 general mortgage bonds issued for the
purposes stated in V. 62, p. 594. On June 30, 1898, loans and bills
payable were $722,619.
The unencumbered equipment consists of 78 locomotives, 34 passen­
ger cars and 5,159 freight oars. The car trust obligations now in force
cover 10 looomotives, 1,300 coal oars and 150 box cars; they were re­
duced from $1,181,284 to $186,77.5 on June 30, ’ 98; $73,407 are 7s.
Fixed
Bat., incl.
E arnings.—2 mos.
Gross.
Net.
m
"
'
Charges, olh. income
July 1 to (18 9 8 ................ $321,269
$99,661
$80,063 sur.$20,657
Aug. 31. ( 1897................ 228,981
50,356
78,358 def. 24,486
A nnual R eport .—Fiscal year ends June 30. Annual meeting is held
at Toledo on the first Monday in September, Report for 1897-98 was
in V. 67, p. 732. Of total tonnage 62 per cent in i897-98 was bitumin­
ous coal.
Years end. June 30—
1898.
1897.
1896.
1895.
Miles qperated.............
371
372
372
367
Gross earnings..............$1,779,614 $1,750,979 $1,944,503 $1,903,990
Net earnings................
533,918
465,704
617,845
605,584
Other income...............
10,255
8,208
9,532
9,421
Total net in com e.... $544,173
Interest, taxes, etc.......
464,536
Dividends......................
........

$473,912
467,475
46,350

$627,377
469,562
185,400

$615,005
424,265
185,400

6 g. M. & S. N.Y.,Merc.Tr.Co.& Phil, Mch. 1, 1905
June 1, 2000
do
do
J. & D.
Deo. 1, 2000
None paid.
5 g. Mch. 1.
1897-’98.
5 g. J. & J, Road sold Mar. 2,1897. July 1, 1938

I*
7

5 g.
5 g.

6 &7

6 g5 g.
5
. 4 g.
5

M. & N, Phil.,Newbold’s Son&Co Nov. 1, 1915
A. & O. Elmira, ChemungCo.Bk, Oct. 1, 1905
do
do
Oct. 1, 1905
A. & O.
N. Y., Central Trust Co,
do
do
do
do
J. & J
A. & O,
do
do
do
do
J. & D.
Quar.
M. & N. May, ’93, coup, last pd.
M. & N.
See text.
F. & A.
In default.
J. & J. N. Y., Am. Ex. Nat. Bk.
Jan. N. Y., Farm. L. & T. Co.

Nov. 25,1893
July 25,’ 96,1 >4
July 1, 1935
Oct. 1, 1935
June 1, 1935
See text.
May 1, 1915
Nov. 1, 1938
Aug. 1, 1911
July 1, 1917
1905

5
P.&A is N. Y., Cont’l Trust Co.
Any time.
6 g. J. & D. Dec. ’92, coup, last paid June 1, 1916
Monthly.
5

J. & J. N. Y., Office, 271 B’way. July 1, 1918

appointed in Nov., 1893; receiver now is T. D. Dale, of Marietta, Ohio.
Receivers’ certificates for $25,000 have been issued. Foreclosure suits
under three mortgages have been instituted. J. S. Durand, 146 Broad­
way, N. Y., is secretary of Marietta Mineral Ry. bondholders’ commit­
tee. On July 1,1895, capital stock was $2,100,000; equipment obliga­
tions, $18,803; current liabilities, $68,367.
E arnings .—For year ending June 30,1897, gross, $61,955; deficit
under operating, $4,025. In 1895-6, gross, $66,466; net, $1,381. In
1894-95, gross, $52,718; deficit under operating expenses, $4,595;
other income, $2,525. In 1893-94, gross, $49,881; deficit under
operating expenses, $21,337. (V. 57, p. 8.54, 894.)
Toledo P eoria Sc W e ste rn R y .—( See Map o f Pennsylvania UR.)
—Owns from Effner, Indiana State line, to Warsaw, IU., 220 m iles; La
Harpe to Iowa, ELL, 10 m.; jointly with Wabash, 1 m ile; trackage to
Peoria and Burlington, la., 17 m.; total, 248 miles.
Organization .—In 1894 joint ownership and management by Pa.
RR. and C. B. & Q. was arranged.
Stock and B onds.—Stock is $4,500,000 (par $100), o f which $423,100 is in treasury June 30, 1898. Abstract of mortgage (Charles
Moran, Thomas Denny and Cornelius B. Gold, trustees). (V. 45, p.
242.) As to voting power on bonds see V. 61, p. 514.
In October, 1894, coupons of July 1, 1894, and Jan. 1, and; July
1,1895 (3 ooupons), were paid $5 in cash and $15 in debenture 5 p. o.
scrip payable 10 years from Jan. 1,1895, for each cou pon ; said scrip
secured by deposit of the coupons funded. (See V. 61, p. 514.) Coupons
due July 7,1897, were paid in cash on that date. Bills payable (for
equipment), Juno 30,1898, $297,190; equipment notes,‘$35,600.;
E arnings .—3 months, > 1898........... Gross, $250,399; net, $67,842
July 1 to Sept. 30. J1897..........G ross, 245,728; net, 67,486
Surplus over 3 months charges, $583 in 1898; surplus, $367 ini 1897
A nnual R eport .—Report for 1895-96 in Y. 63, p. 501, showed;
Year.
GrossEarn’gs. Net Revenue. Int. A Taxes.
BaHance.
$273,119
1897-98........... $982,651
$267,551
$5,568
189697...
888,881
230,902
275,275 def. 44,372
1895-96............ 1,010,270
262,638
253,549 sur. 9,089
—V. 63, p. 2 6 , 5 0 1 ; V. 65, p. 5 1 4 .)
T o led o St. L o u is Sc K a n s a s City R R . —R oad —Owns from
Toledo to East St. Louis, 451 miles (61 Jg lbs. steel); sidings, etc., 72
mles, also has trackage to St. Louis and Toledo Union depots.
R eceivership , R eorganization , &c.—On May 19,1893, receiver was
appointed; receiver is now R. B. F. Peirce. In December, 1895
$166,374 certificates were issued for new coal cars, but these certifi­
cates have since been paid off.
In February, 1898, $430,000 5 p. c. certificates were sold, proceeds
of which, with cash on hand, were used to pay off old purchase money
judgments, aggregating, with interest, $555,000. The certs, are a lien
ahead of the first mortgage bonds and may be paid at any time. In
October, 1898, $150,000 were reported as ordered to be paid, reducing
amount to $280,000. See “ Bonds,” below.
8
In April, 1898, sale was ordered, but an appeal w ill be argued in
December, 1898. (V. 66, p. 710, 1003 ; V. 67, p. 843.)
8
First mortgage bondholders' committee (address, Continental Trust
Company, N. Y.), consists of John C. Havemeyer, H. O. Armour, R B.
Hartshome, O. T. Bannard and Morton S. Paton. In July, 1897, about
$8,300,000 bonds had been deposited with them. Certificates o f de­
posit of bonds were listed on N. Y. Stock Exchange in Nov., 1893.
Preferred stockholders' committee: J. M. Quigley, of N. Y Halsev J*
Boardman, Boston; Charles Hamlin, Bangor, Me.; A. J. Antelo, Phila­
delphia, and Clinton W. Sweet of N. Y. Depository, Atlantic Trust Co.
B onds.—
The first mortgage bonds carry coupons of June 1,1893.
Continental Trust Co., New York, is now mortgage trustee. Abstract
of mortgage in V. 45, p. 403.
laL ™ ? E ™ 7 ' l i i 8 9 7 . *° O0*'
l
M
8I08S’ W ' 686' 313
A nnual R eport .—Fiscal year ends June 30:
Year.
Gross.
Net.
Interest.
Taxes.
Balance.
1897-98........$2,245,974 $356,956 $540,000 $90,000 def. $273,044
1896-97.......... 2,232,001
470,223 540,000 90.000 def. 159,777
1395-96.......... 2,005,755
442,137 540,000 90.000 def. 187,863
1894-95.......... 1,819.399
406,473 540,000 90.000 def. 223,527

429?' 7 ™
1

06®'003 f
P' 5 ?2’ 826’ U 1 6 i V- ® P- 84’
6'
Toled o S a gin a w Sc M u sk eg o n R v , —From Muskearon M
i<Vh to
Ashley, Mich., 96 miles, connecting with the Toledo Ann Arbor & North
thn $ffin'n nnnAfl+«!vtV’ 18l 8’
£ r a n d Trunk of Canada purchased
issued, and above bonds were issued having a
tramo guarantee from thftt road and the Chicago & Grand Trunk*
>
ujqv DeC‘
« j g
Interest.
Deficit. Advanced.( f)
1897.........$121,573
$63,102
$82.775
$10 (iTi
m
'
1896. . . . . . 83,745 def. 37,700
82,450
120’,150
$34,460

Balance for year........sur.$79,637 def.$39,913 def.$27,585 sur. $5,340
—(V. 64, p. 135, 566; V. 65, p. 5 6 4 ,9 2 2 ; V. 67, p. 732.)
T o led o Sc O blo Central E x te n sio n R R ..—Owns from Moore’s
Junction to Palos, Ohio, 42-08 m.; branches. 7*42 m.; total owned
49*50 miles; trackage (Baltimore & Ohio So. Western) Marietta
to Moore’s Junction, Ohio, 3*20 m. Of the first 5s $300,000 (Nos.
ITThese sums were advanced under traffic guarantee.
1 to 300) had Interest guaranteed by the Tol. & Ohio Cent. RR. Co. The
T o l e d o W a l h o i i d i n g V a lle y Sc O h io R R . —Owns road in
guaranteed int. o f Nov., ’96, was paid by the T. & O. C. A receiver was » p era cion from Toledo Junction to Toledo, O., 80 miles, and from




140
INVESTORS’
SUPPLEMENT.
[V ol. L i v i ! .




Oc t o b e r , 1898.J

ßAIL& O AD

STOCKS

AND

BONDS,

141

Subscribers w i l l con fer a great fa v o r b y g iv in g Im m ed iate n otice o f a n y error discovered in these Tables.
Bonds—
Prino
INTEREST OR DIVIDENDS.
_________________RAILROADS._________________
pal,When Due
Miles Date Size, or
Amount Rate per When Where payable, and by Slocks—Last
Par
of
-For explanation of column headings, <fcc., see notes o f
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page o f tables.

125
Toledo Walhonding Valley < Ohio—Stock----- ——
&
Gen. M. ($20,000 p. m .),) A, guar. p. & i .......... -o* 125
$4,000,000, gold........ $ B.
do
........ - . .o ’
82
Tor.\Ham. < Buff.—1st M., g., $40,000 p, m. A B .e *
6
26
3
Traverse Oily RR.—First mortgage, gold- . . . . . . . . . .
6
Troy dt Greenbush—Stock, 7 per cent rental, N.Y.C.
Tuscaloosa Belt—1st mortgage, $100,000, g old .K c
Ulster a Delaware -Stock ($3,000.000 authorized)..
Consol. M. for $2,000,000, gold.......................... 0* 102
Unadilla Valley—Stock ($200,000 authorized).......
1st M.,$250,000,$12,500 p.m.,g., red. at 110 c*&r - V
U nion Pacific MR.—Common stock, $61,000,000.
Pref. stock, 4 per cent, non-eum., $75,000,000—
1st M. Ry and land grant, $100,000,000 g....OTe 2,152

1891
1893
1896
1883
1893
1888
1893
1897

$100
1,000
1,000
1,000
1,000
50
1,000
100
1,000
100
500 «fee.
100
100
V

$2,500,000
1,500,000
978,000
3,280,000
250,000
275,000
95,000
1,794,600
1,997,000
250,000
61,000,000
75,000,000
90,000,000

4 ^ g.
4^3 g.
4 g.
3 g7
5 g.

J. N.Y., Farmers’ L’n & Tr.
do
do
J.
D. N. Y., Bost. & London.
J. July, ’97, paid June.’ 98
N. Y., Gr. Cent. Station.
J. & D. N. Y., Knlokerb, Trust.

J.
J.
J.
J.

&
&
&
&

July
July
June
Jan.

1, 1931
1, 1933
1, 1946
1, 1933
(t)
1933

5 g- J. & D. N. Y., Central Trust Co. June 1, 1928
5 g. J. & J. N. Y., De Coppet & Co. J An. 2 f 1933
N. Y. Office, 120 B’way. Oe.31’98,1^3%
4 g. J. & J. Int. from J an. 1, 1898. July 1, 1947

H $500 and $1,000.

Loudonville to Coshocton, O., 45 miles; trackage (Pitts. Ft. W. & 0.),
Toledo Jet. to Mansfield, O., 7 m iles; total, 132 miles.
L ea.se!, Ere.—Leased for net earns, to the Penn. Co., which guaran­
tees the bends. Pennsylvania RR. owns $1,920,000 of the stock.
E arnings.—For year ending Deo. 31, 1897, gross, $736,148; net,
$216,345; other income, $20,334; interest and betterments, $112,815;
balance, surplus for year, $103,530. In 1896, gross, $707,277.
T o ro n to H a m ilto n & B u ffalo B i t . —Road, Hamilton to
Waterford, Ont., 43 miles, and Hamilton to Welland, 38 miles, in
operation in Nov., 1897; connects at Hamilton with Grand Trunk of
Canada and Canadian Pacific Ry. (See Y. 62, p. 319.) For traffio
agreement with N. Y. Central, Michigan Central, Canada Southern and
Canadian Pacific [which four companies will own and place in trust 70
per cent o f the capital stock], see V. 61, p. 753; V. 63. o. 359 >
Traverse City R t t .—Owns road from Walton to Traverse City,
Mich., 26 miles; opened in 1872. Leased in 188 J to Grand Raiftds &
Indiana RR., but not Inoluded in the reorganization of that company
in 1896. Coupons 1st mort. due July 1, 1897, were paid in June,
1898, at office of Winslow, Lanier < Co., N. Y. There are $190,000 of
fc
5 p. c. incomes outstanding. Capital stock is $205,000; par $100.
For year ending Dec. 31, 1897, gross, $39,414; net, $9,117; interest
on bonds, $7,500; bal., surplus, 1,617. In 1898, Jan. 1 to Oct. 7 (9*4
mos.), $31,351 gross in 1898; $30,040 in ’97.—V. 66. p. 84; V. 67, p. 75.
T r o y & Greenbush. R R .—Owns from Troy to Albany, 6 miles,
double track; leased to N. Y. Central in 1851.
T u scaloo sa B elt R y . —Owns about G’c miles of Belt road in
Tuscaloosa, Ala., and suburbs. Opened In 183 7. Capital stock au­
thorized, $100,000; issued, $26,000 ($100 shares.) May 1 to Nov.
30, 1897 (seven months), gross earnings were $7,432. Operating e x ­
penses are said to be about 60 per cent. General Manager, J. W.
woolfolk, Tuscaloosa, Ala., or 15 Wall Screet, New York.
U lster Sc D ela w a re R R .—Owns from Kingston Point (Hudson
River), N. Y. to Stamford, 75 miles; proprietary roads leased, entire
stock owned: Delaware & Otsego RR., Hobart to Bloomville, 9 miles;
Stony Clove & Catsklll Mt. RR. (narrow gauge), Phoenicia to Hunter,
15 m.; Hobart Branch RR., 4 m.; Kaaterskill RR., 7 m. Total, 110 m.
A nnual R eport .—Statement for 1897-98 was in Y. 67, p. 478.
Yrs.end.June 30. Gross.
Net.
Other inc. Int., taxes, etc. Bal.. sur.
1897-98..........$405,267 $116,065
$10,000
$110,956
$6,109
1896-97.......... 400,757
111,057
16,700
119,088
8,669
(Y. 63, p. 5 5 6 ; V. 65, p. 5 6 8 ; V. 67, p. 478.)
U n a d illa V a lle y R a i l w a y . —Owns road from Bridgewater to
New Berlin, N. Y.; 20 miles opened in July, 1895. Connects D. L. &
W. with New Berlin branoh of N. Y. O. & W. Stock owned by the con­
struction company; none sold. Inoome bonds, $30,700 20-year 5s,
due Sept. 1,1913. Year ending June 30, 1897, gross, $19,852; net,
$2,652; intereston bonds, not paid, but funded for five years, $12,500;
taxes, $1,480.
U n io n Pacific R a ilr o a d .—(Nee Map.)—
This company’s system
embraces the follo w in g :
Branches to be Owned — Miles.
Lines owned directly—
Miles.
Union Paoiflc Lincoln & Col­
Council Bluffs, la. to 5 miles
orado,Salina to Oakley,Kan. 225
west of Ogden, Utah, and
branches............................... 1,048 Julesburg branch of U. P. D.
G.,Lasalle, Co., to Julesb.. 151
Kansas City, Mo., to Denver,
Col.......................................... 644 Omaha & Republican Valley. 482
Leavenworth to Lawrence,
Controlled—
K an........................................
32 Oregon ShortLine RR.,Gran­
ger, Wy., to Huntington,
Denver, Col., to Cheyenne,
Ore., Helena, Mon., to Fris­
W y.......................................... 104
co, Utah, etc .....................1 ,4 3 0
Tot.under new 1st M.of ’97.1,827
Various branch lines—
Total “ outside lines” .......... 2,288
Described in V. 66, p. 6 1 8 ... 323
Controlled join tly—
Tot. owned and controlled. 2,150 Oregon RR. & Navigation... 1,065
H istory .—Incorporated in Utah J une 2 3 ,1897, to succeed per p la n
o f Oot. 15,1895 (V. 61, p. 704, 705, agid V. 64, p. 424), the Union Pacif­
i c By. Company took possession of the Union Pacific main line Feb. 1,
1898, and o f the Kansas Paciflo lines on April 1. A full statement
to New York Stock Exchange as to the organization o f the new com­
pany was in Chronicle of March 26,1898, page 618; see also V. 67,
p. 790.
In the reorganization, it was arranged that the new company should
own, besides the main lines held in fee and various small branches,
a preponderating interest in the Oregon Short Line RR. (1,430 miles).
To this end were purchased the 81,608 shares o f Short Line stock
held by the Morgan trust, and other holdings (Y. 66. p. 521). The
Oregon RR. & Navigation Co. also is controlled jointly through owner­
ship o f a m ^ority of its preferred stock by the Union Paciflo, the
Great Northern and the Northern Paciflo. The reorganized Unioa
Pacific, therefore, operates through passenger and freight servioe to
Portland, Ore., as did its predecessor.
An agreement has been made by whieh after foreclosure sale the
Julesburg branch, extending from La Salle, Col., to Julesburg, 151
miles, will be acquired.—(See V.66, p. 521). The Union Pacific Lincoln




& Colorado was purchased at foreclosure sale on Aug. 20, 1898, and
the Omaha & Republican Valley, 482 miles, and the Kearney & Blaok
Hills on Aug. 18,1898.—V. 67, p. 372, 435.
Stock .—The rights of the preferred stock are set forth in the com ­
pany’ s articles o f association as follow s: " Such preferred stock shall
be entitled in preference and priority over the common stock of said
corporation to dividends in each and every fisoal year at suonrate not
exceeding 4 per cent per annum, payable out o f net profits, as shall
be declared by the board of directors. Such dividends are to be nonoumulative, and the preferred stock is entitled to no other or further
share of the profits.”
D ividends .—First on pref., 1 ^ p. o., Oot. 31,1893. V. 67, p. 635.
B onds.—The new first mortgage (Mercantile Trust Co.,trustee), is fo r
$100,000,000, of which $90,000,000 has been issued for the acq u isi­
tion, free and dea r of all Government and other liens, of the 1 ,8 5 4
miles composing the former Union Pacific and Kansas Pacific lin es.
The property on whioh the loan is a first lien includes the telegraph,
terminals, equipment, land ami land grants of. and all property ap
purtenant to, the following lin es:
LINES OWNED IN FEE.
Miles.
Council Bluffs, la., to Ogden, Utah, including the Omaha Bridge and cer­
&>
tain spurs ................................ . .....................................< • ............. ... 1,018
Kansas City. Mo., to Denver, Col., and Denver to Cheyenne, W y............... 747
32
Leavenworth Branches, Leavenworth, Kan., to Lawrence Junction........
BRANCH LINES COVERED BY COLLATERAL LIEN, BTC.
Various branches—(See description in CHRONICLE of March. 25, 1893,
p.818)................................................ .................. . ...................... ......... 323
,

Total conveyed or to he conveyed to the trustee as seourity................. 2,150
Of the new first mortgage bonds $10,000,000 remain subject to the
disposal of the reorganization committee. It is the purpose o f the
oommittee, “ upon the final winding up of the reorganization, to place
in the treasury of the Union Paciflo Railroad Company as a free asset
a portion of such remaining $10,000,000 of bonds, and to reserve un­
der Section 3 of Artiole 1 of the company’s mortgage the balanoe o f
these bonds, to be issued only for new construction and acquisition
and for betterments and improvements at a rate not exceeding $1,500,000 per annum. It is not practicable at the present time to state defi­
nitely the respective amounts of bonds so jbo be appropriated o r re­
served, but so far as can be estimated atthe present time it is expected
that in any event no less than $5,000,000 will be so reserved.”
See statement to N. Y. Stock Exchange, V. 66, p. 618.
L ands.—Tbe new first mortgage oovers direotly or through beneficial
ownership over 6.500,000 acres of land, situated in Nebraska, W yo­
ming, Colorado, Utah and Kansas, the value of whioh has been esti­
mated at $8,977,500. It also oovers further notes or contracts for
lands sold, which the Land Department considers safe, to the extent
of $2,196,858. and notes representing 2,402,000 acres of lands sold
whioh the Land Department considers doubtful or bad, and the lands
for whioh, if not paid for, revert to the company. See Y. 67, p. 791.
G eneral F inances.—The free assets held in the company’ s trea sury
consist of large amounts o f bonds and stocks of auxiliary railroad and
other companies, such as the Union Pao. Coal Co., the Pao. Express Co.,
various water, depot, eto., companies, and yielded during the last fisoal
year a net inoome of approximately $500,000, this inoome being addi­
tional to the earnings from the railroad lines.
The company’s controlling interests in the “ outside lines,” including
the Oregon Short Line, eto., is not covered by the new first mortgage
bonds. The nature of the security, if any, to be issued on aooonnt of
the additional mileage has not been definitely determined. Any slight
increase in the fixed charges that may result will, it is stated, be more
than offset by the additional Income.
Latest Earnings .—For 8 months ending Aug. 31 on the 1,822 miles
of Union Pacific and Kansas Paoiflo, before deducting ta x e s:
,-----Gross Earnings.^— .------ Net Earnings.------ .
.
Jan. 1 to Lug. 31.
1898.
1897.
1898.
1897.
UnionPaoittc R y ....$10,741,220 $9.764,121 $4,488,910 $2,942,339
A nnual R eport .—Fisoal year ends June 30. First report, for s ix
months ended June 30,1898, was in Y. 6 /, p. 790, showing for main
line (1*849 m iles):
Gross
Net over
Other
Interest
Adjust.
Balance,
Earnings.
Taxes.
Income.
on lsi 4s. o f Taxes.
Surplus.
$7,670,579 $3,136,161 $606,442 $1,800,000 $145,918 $1,796,685
Additional net results from operation o f branoh lines to be
included in the system, six months, approxim ately.. . . . . .
$446,659
The earnings o f the main line, 1,822 miles, w e r e :
Tear end.Dec. 31.
1897.
1896.
1895.
1894.
Gross earnings..$16,444,892 $14,382,290 $14,336,291 $14,817,806
Net over t a x e s ..'$5,602,513
$4,740,471
$4,902,158
$4,315,078
O fficers , Etc.—(January, 1898—V. 66, p. 39.)—President, Horace G.
Bure; First Vice-President, Wm. D. Cornish; Chairman, Winslow S.
Pieroe; James Stillman, Marvin Hughitt, Roswell Miller, E. H. Harrimau, Louis Fitzgerald, Henry B. Hyde, John W. Doane, Otto H. Kahn,
T. Jefferson Coolidge, Jr., George J. Gould, Oliver Ames, George Q.
Cannon and Jacob H. Sohiff. Executive Committee—Winslow 8.
Pierce, E. H. Harriman, James Stillman, Marvin Hoghitt and Otto H.
Kahn.—(V. 67, p. 6 3 1 , 635, 7 3 1 ,7 3 6 . 7 8 6 , 7 9 0 , 802, 842.

lá Q

INVESTORS’

SUPPLEMENT.

LVo l . LXVI1.

Subscribers w ill con fer a great fa v o r by g iv in g im m e d ia te n otice o f an y error discovered in these T a b les.
Bonds—PrincINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When D u e.
Amount
Par
of
For explanation of column headings, &c., see notes of
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
on first page of tables.
Whom.
Dividend.
$100 x30,429,982
Onion Pacific Denver d Qulf—Stock for $36,000,000
k
1,000
4,788,000
Colorado Cent. 1st M., La Salle to Julesburg, &c.c 271 1879
7
J. & J. Jan.,’ 98, not pd. Jan. 1 July 1, 1909
1,000
721,000
Denv. Tex. & Ft. Worth 1st M. ($20,000 p.m.)g.c* 165 1887
5 g. M. & N. May, ’93, coup, last Dd. Nov. 1, 1937
138 1887 l,000&c
Denver Texas & Gulf 1st M. ($20,000 p. m.)g..c&r
1,032,000
5 g. A. & O. Oct., ’93, coup, last pd. Apr. 1, 1937
1,000 15,801,000
U.P. Den. & Gulf con. M., gold, sub. to call at 105.o* 876 1890
5 g. J. & D. June, ’93, coup, last pd. Deo. 1, 1939
N ew Securities to be I ssued Under P lan .
Stock, common, $31,000,000..................................
30,429,982
1st pref. stock, 4 per cent, non-cum., $9,500,000
8,500,000
*
2d pref stock, 4 per cent, non-cum., $8,500,000.
7,986,299
1st mortgage, gold, $20,000,000............................ 1,086 1899
17,750,000
4 g. F. & A. 1st coup. pay.Aug.1,’99 Feb. 1, 1929
....
United N. o . Jilt. Canal Co.—Stock. 10 p. o. guar..
100 21,240,400
10
Q.—J. Phila. andN.Y., Offices. Oct., ’ 98, 21«
General mortgage of l loans of 1901, g old........ c ) P rA ’73-’76 1,000
5,669,000
do
do
6 g. M. & S.
Moh. 1, 1901
’71 for $20,000,000, loan of 1908, gold.......... r 1 J P 1878
1,000
841,000
6 g. M. & 8. Philadelphia Office.
Sept. 1, 1908
I
(now 1st mortgage) S-loan of 1923, gold.......... r > S «8 1883
1,000
1,824,000
do
do
4 g* F. & A.
Féb. 1, 1923
00 ® 1889
F P , s e c u r e s a ll) loan of 1929, gold......c&r
1,000
6,020,000
do
do
4 g- M. & S.
Sept. 1, 1929
equally.
J loan of 1944, gold......c&r J” «e 1894
1,000
5,646,000
4 g. M. & 8. N.Y..N. Bk.Com. & Phil. Moh. 1, 1944
Utica Often. < Susq. Val.—Stoek,6 p.c.gu. byD.L.&W
ft
97
....
100
4,000,000
6
M. & N. N. Y „ Del. L. & W. RR. Nov.,1898, 3%
Utica Clinton & Binghamton—Stock.......................... ___
....
100
849,285 See text. F & A 10 Utica, N. Y., On. N. Bk. Aug. 10,1898
1st mortgage, guar, by D. & H ........................... ..e
31 1889
1,000
800,000
5
J. & J. N. Y., Security &Tr. Co. July 1, 1939
___
Valley (N. F.J—Stock, 5 p. o. guar, by D. L. < W ...
fc
12
100
750,000
5
J. & J. N. Y., Del. Laok. & West. July, ’98,2i«%
1st mortgage (for $500,000).....................................
12 1881
400,000
5
F < A.
fc
do
do
Aug. 1, 1911
Valley (Virginia)—1st M., $1,000,000, see te x t....e
62 1881
1,000
750,000
6
A. & O. N. Y.. Merc. Tr. &Balt. Oct. 1, 1921
Velasco Terminal Ry.—1st mortgage, $800,000....... . . . . 1893
400,000
5
M. & S.
In default.
Aug. 1, 1943
....
Vermont < Mass.—Stock, 6 p. c. guar, by Fitchburg
6
59
100
3,193,000
6
A. & O. Bost., 53 Devonshire St. Oct., 1898, 3%
Bonds, not mortgage (guar, by Fitchburg RR.) .o* ___ 1883
1.000
1,000,000
M. & N. Boston, Fitchburg RR. May 1, 1908
5
Vermont Valley o f 1871—Stock..................................
24
....
50
1,000,000
6
J. & J.
Bellows Falls.
July 1, ’98,3%
1st M., with $500,000 Sul. Co. RR. stock as col. .o*
24 1880
1,000
800,000
5
A. & O. Boston. 8. Dep. & Tr.Co. Oct. 1, 1910
Vicks. Shrevep. < Pacific—1st M., non-assent’g, g.c* 188 1881
&
1,000
106,000
6 g. J. & J. N. Y., Farm. L. & Tr, Co. Jan. 1, 1920
Prior lien mortgage, gold.................... ............... .c*
188 1885
1,000
1,323,000
6 g- M. & N. N. Y., Central Trust Co. Nov. 1, 1915
1st mortgage, assenting, gold, see te x t............. o'
188 1881
1,000
3,894,000
do
do
Jan. 1, 1920
6 g. J. & J.
3d mortgage and 1st mortgage on land, g old .. .o* 188 1886
1,000
1,822,375
5 g. J. & J. Ju ly,’88, coup lastp’ d. Jan. 1, 1916
Income bonds............................................................
1881
127,000
6
1921
Income bonds, non-cum........................................... . . . . 1887
4
494,860
Jan. 1. 1920
x Including Denver Texas & Ft. Worth stock.
U n io n IPaciftc R y .—See preceding statement. As to 4i«8 of
1889 secured by bonds of D enver L eadville & G unnison, see separ­
ate statement for that Co.
U nion Pacific D en ver Sc G u lf R y .—This company’s road
extends from Cheyenne, Wy., to Orin Junction, 154 miles; Denver
to Bessemer Junction, Col., 128 m iles; Trinidad, Col., to Texas State
Line, Tex., 135 miles; La Salle, Col., to Julesburg, 151 miles; branohes
(89 miles of which narrow gauge), 332 miles; total, 900 miles. Of this
track 105 miles are 35-56-pound iron rails, 67 miles of 69-75-pound
steel rails; balance, 40 to 60-pound steel. Trackage, Denver & Rio
Grande, Pueblo to Walsenburg, 58 miles, and branohes, 16 miles. Conrols Fort Worth & Denver City RR., Texline, Texas,to Fort Worth, 455
toa.. and Pan-Handle HR., 15 m., making a grand total of 1,478 miles.
In March, 1893, it was agreed that the Julesburg branch shall be
come the property of the Union Pacific RR.—V. 66, p. 521, 812.
Organization .—Formerly controlled by Union Pacific. V. 49, p. 720.
The company holds in its treasury a large majority of the common
stock o f the Fort Worth & Denver City Railway Co., which see.
R eceivership .—Mr. Frank Trumbull was appointed separate receiver
In Dec., 1893; See V. 59, p. 783 In Sept., 1897, the trustees of U. P.
coll, trust note 6s sold the $13,251,882 stock and the $5,813,000
consols of the U. P. D. & G. to a syndicate acting in the interest of re­
organization committee. V. 65, p. 516. Sale has been set for Nov. 19,
1898. V. 6 ,-p. 843.
D efault .—The last coupon paid on ea oh loan is shown in table above.
B ondholders ’ Committee .—Oonsol. o f 1890—Grenville M. Dodge,
Chairman; George M. Pullman, J. Kennedy Tod, Oliver Ames, Harry
Walters, Henry Budge, Henry Levis and Uriah Herrmann; Secretary.
J. T. Granger. Depositaries, Central Trust Co., New York, and
American Loan & Trust Co., Boston.
R eorganization P lan.—The p an issued by the Dodge Committee
in S ep t, 1898. and published in V. 67, p. 743, provides for foreclosure
and the retirement of all the securities of the U. P. D. & G., the acqui­
sition of the Denver Leadville & Gunnison and the issuance by the
new company owning«the combined properties (1,086 miles, exclusive
of 15' miles of the Julesburg branch, arranged to be sold to Union
Pacific RR.) of the securities shown in the table above. Of the 1st 4s,
$2,250,000 are reserved for the acquisition of coal properties, and for
future additions, betterments, equipments, etc., at not exceeding
$300,000 a year, and $513,701 second preferred and $57« »,018 common
stock are likewise reserved for coal properties and contingencies.
A syndicate, formed by Hallgarten & Co. and J. Kennedy Tod & Co.,
has agreed to underwrite the stockholders’ payments and furnish the
cash requirements of the plan. The two instalments of assessment on
stock ($5 each) are payable Oct. 25,1898, and Nov. 28,1898.
V oting T rust .—All classes of stock will be vested in the voting
trustees, Grenville M. Dodge, Frederic P. Oloott, Harry Walters,
Henry Budge and J. Kennedy Tod, for five years and until the first
preferred stock shall have received a 4 per cent cash dividend for
three consecutive years. The voting trustees may, however, deliver
the stock at any earlier date.
Exchange o f Securities.—
The basis of exchange is as]follows, the old
bonds to carry the overdue coupons:
Will receive.
Amount 1st M. 1st pref. 2d pref. Com.
is.
Each $1,000 bond and $100 stock dep’d. Issued.
Stock. Stock. Stock.
U. P. Denver & Gulf Consols............ $15,801,000 $300 $30 J $300
1,032,<’00
800
160
Denver Tex. & Gulf 1st M ............
300
721,000
Denver Tex. < Fort W. 1st M....... .
s
800
:-0J
800
8<,O00
. “
Funded int. certificates.......
1,000
«Colorado Central) st M .................. 4,7r8|000 See foot note ‘ a.”
4,7i*8,000
050
bU. P. 4168 18S9 (Den., Lead. & Gun.). 2,308,000
200
150
L P. D. & G.
l.
) Stock (if paying)
2*50
6
5
$100
Den. Tex. & F. W. 5 $lo per share,) f 30,429,982
a. These bonds wiil receive par and interest in cash.
b. From notice of Denver Leadville & Gunnison committees as above cited.
E arnings.—8 months, ) 1 8 9 8 .......Gross, $2,386,957; net, $717,066
Jan. 1 to Aug. 31. (1 8 9 7 .... Gross, 2,133,471; net, 462,973
A nnual R eport .—Report for 1897 was in V. 66, p. 613.
Earnings, Etc.—The earnings, charges, etc., of the properties in the
plan are as follow s,
,
r-TJ. P. Ben. & Gulf Ry.—
,
rr-B.Leaddi Gun.Ry.r
Year end. June 30—
1893.
1897.
1898.
1897.
Gross earnings......... $3,7**7,001 $3,223,635
$685,719 $704,393
Net over taxes.......... 1,026,102
763,403
89,911
47,556
Average net earnings, both lines, for above y e a r s ___'............$963,436
Deduct approximate net earnings of Julesburg branch (sold)
$170,000, and add miscellaneous inoome $15,000, net.......... 155,000
Average net earnings of roads included in plan............... $808,486
Estimated net earnings fo r year 1897 98............................... $1,050,000
Fixed charges under plan—4 p. c. on $17,500,000 bonds.......
700,000
Present fixed charges................................................................... 1,321,420
—V. 66, p. 955,1190 ; V. 67. p. 435, 579' 691,743, 842, 843.
U n io n Pacific L in c o ln Sc Colo d o R y .—Acquired in 1898
by Union Pacifio Railroad.




U nited N ew Jersey R a ilr o a d & C anal C o.—(¿fee map Penn
sulvania R. R.) Controls an important system of roads in Northern
N. J., having a four-tracked line from N. Y. to Philadelphia, also a
line Perth Amboy to Camden, opposite Philadelphia, and branohes to
Long Branch, Berkeley, eto., N. J., and to Manunka Chunk, Pa. Total
mileage 450 miles. The principal lines owned directly are Jersey City
to Trenton, 56 miles (four tracks), and from Camden to South Amboy,
61 miles, of which 26 double track ; 9 branches, 29 m iles; total (owned
directly) 146 miles. Also owns the Delaware & Raritan Canal, 66 miles.
Philadelphia & Trenton and the Belvidere Delaware—which see—
are
principal leased lines.
L ease.—Leased in June, 1871, to the Pennsylvania Railroad for 999
years, at a rental of 10 per cent on the stock, besides interest on bonds.
E arnings.—For year ending Deo. 31,1897, gross, $19,012,577; n et,
$5,101,824; other income, $231,194; interest, rentals, etc., $4,852,297;
balance, surplus for year, $480,720. In 1896, gross, $18,272,558; net,
$4,723,144. Net loss to lessee in 1891, $276,455; In 1892, $299,198 ;
in 1893, $194,529. Net profit in 1889, $138,712; in 1890, $396.885;
in 1894, $679.461; in 1895, $727,694; in 1896, $439,424.—(V. 58, p.
179, 636, 816.)
U tah Central R y .—See Rio Grande Western.—V. 64, p. 955.
U tali Sc Pacific R R .—Under construction in October, 1898, from
Milford, Utah, to Utah boundary line in Iron Co., 80 miles, of which,
Milford to Sulphur Springs, 40 miles, expected to be completed by Jan..
1899, and balance in Aug., 1899. V. 67, p.484. Being constructed
with the co-operation of the Oregon Short Line, which will supply rails
and equipment and may become part of a through line to Southern
California. V. 67, p. 733; V. 67, p. 484.
Utica C henango Sc Su sq u eh an n a Valley R y .—Owns Utica.
N. Y., to Greene, N. Y., 75 m iles; branch to Riohfield Springs, 22 miles ;
total, 97 miles. Road opened October, 1872. Leased to Delaware
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
CJtlca C lin ton Sc B in g h a m to n R R .—Owns Utica, N. Y „ to
Randallville, N. Y., 31 miles. Leased during continuance of charter
and renewals thereof to Delaware & Hudson Canal Company, which
pays rental of $61,500 per annum. Operated by the New York Ontario
& Western. The street lines owned by the company are leased to Utioa
Belt Line Street Railroad Company for $15,000 per annum- Capital
rtock, $849,285 (par $100), o f which city o f Utioa holds $200,000, with
Interest guaranteed by D. & H. Canal Co. at 5 per cent per annum ; the
balance pays 4 per cent.
V alley (N . Y .) R a ilr o a d .—Owns from Binghamton, N. Y ., to
Jrate Line of Penn., 12 miles. Opened October, 1871. Leased to
Delaware Lackawanna & Western at 5 per oent per annum on stock,
the lessee assuming the interest on bonds.
Valley (O h io ).—See Cleveland T erminal & V alley RR.
Valley R R . (V irg in ia )—Owns Harrisonburg to Lexington,Va., 62
m :les. Stock is authorized to the amount of $3,200,000; out­
standing, $2,712,200 (par, $100). of which B. & O. owned June 30.
1897, $1,020,600 and $223,000 of the bonds. Of the bonds $413,000
are guaranteed by the B. & O. In year ending June 30,1898, gross,
$81,447; net, debit, $1,637; interest, $45,000; taxes, $2,180; balance,
def., $49,817. In 1896-97, gross, $93,043; net, $971.
Velasco T e r m in a l R y .—Road from Chenango Junction to Vel asoo, Tex., 20 miles. Chartered in 1891. Stock (authorized $600,000)
issued $343,100; par, $100. First mort. bonds outstanding, $400,000.
For year ending June 30,1897, gross, $28,200; deficit under oper­
ating expenses and taxes, $4,671. In 1895-96, gross, $24,143.
Verm ont Sc M assachusetts R R . —Road, Fitchburg to Green
field, Mass., 56 miles of double track; branoh, 3 miles. The road is
leased to the Fitohburg RR. for 999 years at 6 per cent on stock.
Verm ont V alley R R . o f 1 8 7 1 .—Owns Bellows Falls to Brattleboro, Vt., 24 miles. Controls by ownership of stock the Sullivan Countv
RR. from Bellows Falls to Windsor, Vt., 26 miles. Both roads are con­
trolled In interest of Conn. River RR., and operated by Boston & Maine
Dividends—Semi-annual dividends of 3 p. c. each are paid.
* Ea.r? i D of Vermont Valley for year ending June 30,1898, gross.
.gs
$206,283; net, $58,349; div. on Sullivan Co. RR., etc., $49,792; total
net, $108,141; interest, taxes, etc., $47,857; dividends paid, $60,000;
balance, surplus for year, $284. In 1896-97, gross, $199.422; net.
$66,494. (\. 63, p. 8 7 7 ; V. 65, p. 867.
V icksburg Shreveport Sc Pacific R R . —Delta, La., on Miss­
issippi River, to Shreveport, 171 miles. Extension to Texas State Line,
IS miles. leased to Texas & Pac , but lease to be given up on Jan. 1,
1839. V. 67, p. 75.
Organization and stock .—The stock is $1,650,000 authorized;
outstanding $1,601,500 (par $100), of whioh the Alabama New Or­
leans & Texas Pacific Junction Railroad Company holds a maloritv
together with $3,692,000 of the 1st and $965,500 3d mortgage bonds.
Bonds,.E tc.—Third mortgage carried 4 per ct. till 1894, thereafter 5.
Interest began January, 1888, but only the first coupon has been paid.
These bonds are received in payment for lands, [at 25 per cent of
par for year 1896-97] and prior to July 1,1897, the bonds outstanding
bad been reduced from $2,434,625 to $1,822,375 thereby, and $65,375

O c t o b e r , 1898 J

KAILROAD

STOCKS AN D

143

BONDS.

Subscribers w i ll confer a great fa v o r by g iv in g im m ed ia te notice o f any error discovered in tbese T a b les.
B otins—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
of
of
Par
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Virginia Fred. & Western—1st M., $3,000,000...N
Virginia Midland—B onds A ssumed b y Southern
1st ser., 1st M. Alexandria to Gordonsville..&br
M., 2d series, 1st mort., Chariot, to Lynch., 60 m.)
3d series, 2d lien on 60 miles; 3d on 97 m iles..
4th series, 4 per cent till March 1,1901............
5th series, 1st on 115 miles.................................
6th series................................................................
Gen. mort., $12,500,000....................................... o'
Charlotev.&Rapid, (l’sed) IstM ., s. f.,dr’n at 100.o
Virginia < Truckee—Stock.........................................
&
Wabash RR.—St.L.,K &N.on8t.Charles Bridge,g-O"
2d mortgage
Wabash 1st mortgage, gold, ($34,000,000)...... o*
2d mortgage, gold...............................................c
Deb. mort.,inc., non-cum., series A, red. at par.
p o . do. inc., non-cum., series B, red. at p a r..
Det. & Chic. Exten. 1st M.,g., red. at llO .Ce.e*
Leased L ine B onds—
St. Louis Council Bluff's & Omaha 1st mortgage..
Boone Co. & Booneville 1st mortgage, int. guar..
Bruns. & Chilli. 1st M., 8% fr. Aug. 1,1900,int. gu.
Wabash Chester < TFesiem—ls t mortgage, gold..o*
6
1st consolidated mortgage, $1,000,000, gold...o*
Wallkill Valley—1st mortgage....................................
2d mortgage income 7s............................................
Warren (N. J.)—Stock,7 p. c. perp., guar. D. L.& W
2d mortgage, now 1st...................................... ----1st consolidated m ortgage. ....................................

R ail
97
157
157
157
272
75
347
28
52
....
....
1,545
1,012
1,545
1,545
150
42
22
38
42
65
—
18
18
18

1897
WAY—
1881
1881
1881
1881
1881
1881
1886
1879
1878
1878
1889
1889
1889
1889
1891

(î)
$100ásc.
$600,000
100 áse.
1,900,000
100 &c.
1,100,000
100 áse.
950,000
100 áse.
1,775,000
1,000
1.310.000
1,000
4,859,000
100 áse.
367,000
100
5,000,000
1,000
1,000,000
500 áse.
388,500
1,000 31,664,000
1,000 14,000,000
1,000
3,500,000
1,000 26,500,000
1,000
3,500,000

1878
1,000
1873
1,000
1878 100 áse.
1888
1,000
1893
1,000
1877
1877
1855
50
1870
100
1875

“ thirds” had not been issued. Lands unsold June 30,1898, were 205,*
876 acres. Trustees of prior lien mortgage and of 3d mortgage, Cent.
Trust Co.; of 1st mort., Farmers’ Loan & Trust Co.—$106,000 1st 6s
have not assented to priority of p. 1. mortgage. Coupons due and un­
paid June 30,1898, lstm ort., $2,082,316; 3d mort., $716,475.
L atest E arnings.—Jan. 1 to Sept. 30, 9 months, gross, $483,543
In 1898; $373,256 in 1897. In calendar year 1896, gross, $576,723.
A nnual R eport .—Fiscal year ends June 30. Report for 1896-97 was
iti V. 65, p. 618, and showed earnings, etc., as follows.
Cross.
Net.
Other inc. Interest.
Balance.
...........
$409,355 def. $219,606
1897-8....$640,175
$189,749
1896-7___ 572,929
147,049
$1,656
410,499 def. 261,794
—(Y. 63, p. 5 5 5 , 6 5 1 ; V. 65, p. 6 1 8 ; V. 67, p. 75.)
V ir g in ia F red erick sbu rg Sc W e ste rn R R .—Partially built
from mouth of Rappahannock River to Fredericksburg, Va., 90 miles,
and projected to coal regions of West Virginia, 270 miles in all. In
Aug , 1898, three miles had been graded between Frederickburg, Va.,
ana Chesapeake Bay, but no track had been laid. Work was then tem­
porarily suspended owing to refusal of English parties who purchased
bonds to make payment until the war with Spain was finished. V.
67, p. 276. Pres., Charles H. Gibson; Office, Mills Building, N. Y. City.
V. 65, p. 1174; V. 67, p. 276.
V ir g in ia M id la n d R y .- I n June, 1898, merged in Southern Ry.
W a b a s h R a ilr o a d .—Embraces lines as follows, viz.:
Leases East o f Miss. River.
Owns East o f Miss. River. Miles.
Eel River RR. (which see),
Toledo, O., to East Hannibal,
Butler to Logansport, In d ..
Camp Pt. and Elvaston, 111. 536
Decatur, IQ., to E. St. Louis.. 110 Other lines...............................
Leases West o f Miss. River.
Juno, near Chicago to Effing­
80
ham and Altamont, 111......... 216 Brunswick to Pattonsb’g,Mo.
21
Streator to Fairbury...............
31 Contralla to Columbia, M o...
Edwardsville Branch..... ........
8
Total owned and leased.... 1,871
Delrey,near Detroit, to Butler 110
Trackage, etc.
Montpelier, O., on line to De­
Chicago to Clarke Junction..
26
troit, to Clarke Junction,
70
near Chicago......................... 150 Moberly to Hannibal.............
9 short lines to Quincy, De­
Owns West o f Miss. River.
troit, &o.................................
83
St. Louis to near Kansas City. 275
27
St. L. Levee to Ferguson, Mo.
11 Operat’d for Purchasing Com.
Windsor, Ont., to Suspension
M oberlyto Ottumwa, M o .... 131
Bridge and Black R o ck ___ 246
Salisbury to Glasgow,Mo., etc
15
26
Dee Moines to Albia, l a ........
67 Suspension Bridge to B uffalo.
Grand total July, 1898....... 2,349
Total owned................ ...1 ,6 6 0
In 1898 purchased from “ purchasing committee” Albia to Des
Moines, about 67 miles (V. 67, p. 538)—included above in road owned,
but 23 miles of it not operated June 30.1898), and authorized exten­
sions from Hannibal, Mo., to Quincy, 111., 16 miles, and Moulton to
Albia, la., 27 miles. Y. 67, p. 538, 579.
H istory , &c.—Successor in 1889 to the Wabash St. Louis & Pacific,
which was sold in foreclosure. See Supplement up to January, 1889.
L ease .—The Boone Co. & Booneville RR. is leased till May, 1903. The
Brunswick & Chillicothe was leased to St. L. Kan. City & Northern for
999 years. Its bonds bear 6 per cent interest till August 1,1900, then
8 per cent till maturity. Entrance to Chicago is secured over the
Chicago & West Indiana, of whose stock this company owns $1,000,000.
In Maroh, 1898, leased from Grand Trunk for long term jo in t use of
its railroad between Windsor, Ont., and Black Rock Station. 4 miles
from Erie Station at Buffalo, and also between Welland Junction and
SuspensionBridge, N.Y. Erie tracks are used into Buffalo. V. 66,p.812.
Capital Stock .—The capital stock is $52,000,000, of which $24,000,
000 is preferred, having a preference of 7 per cent per annum non
cumulative. and $28,000,000 is com m on; par of each, $100.
B onds.—Abstracts of the mortgages of 1889 were in V. 49, pp.
270-273. The first mortgage covers all the lines owned both east and
west o f the Mississippi, excepting the Detroit & Chicago extension,
150 miles—see below—and enoughbonds are retained to retire the prior
liens on roads west; but the second mortgage covers only lines eastol
the river at time of organization in 1889,1,012 miles. As to the Comp­
ton decree ($339,929 with 6 p. o. from May 1,1888,) see V. 65, p. 926;
V. 66, p. 39. Of the debenture mortgage bonds, $3,500,000 are series A
(preferred in respect to interest payments only) and $26,500,000 series
B. Series “ A” received 6 per cent interest in 1890; in 1891,6; in 1892,
6 ; in 1893, 6 p e rce n t; m 1894 and 1895 none; in 1896,1 percent;
none since—see V. 66, p. 1142 and general finances below.
The Detroit < Chicago Extension bonds cover 150 miles, completed
&
in May, 1893, from Montpelier, Ind., to Clarke Junction, 26 miles,
from Chicago. Mortgage is for $3,500,000; abstract in V. 54, p. 1049.
G eneral F inances.—June 30,1898, there were bills payable, $845,302, including $430,692 rolling stock notes payable monthly, last one
maturing June, 1900, chargeable to operating expenses. (V. 66, p. 39.)
No interest was paid on “ A ” debentures in July, 1898, although the
estimated earnings for the year showed over $400,000 surplus over
fixed charges, it having been decided to first pay off the remainder
of the floating debt, amounting in June, 1898, to about $400,000,
which, at the present rate of earnings, can be done during the calendar
year 1898.—(V. 66, p. 1142.)




577,000
100,000
304,500
300,000
390,000
250.000
330.000
1,800,000
750,000
600,000

New York City.

5
6
6
6
4-5
5
5
5
6
<»)
6 g.
7
5 g.
5 g6
6
5 g.
6
7
6-8
5 g.
5 g.
7
7
7
7

1927

M.
M.
M.
M.
M.
M.
M.
J.

ás
ás
ás
ás
ás
ás
ás
ás

8. Balt.,Md.. S. D. & Tr.Co. Mch.
Moh.
do
do
S.
Mch.
S.
do
do
Moh.
do
do
8.
Mch.
S.
do
do
Moh.
8.
do
do
N. N.Y., J.P. Morgan&Co. May
J. Phila. Tr. & Safe Depos. July

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

ás
ás
ás
ás
ás
ás
ás

O.
O.
N.
A.
J.
J.
J.

N. Y., Office 195 B’way.
do
do
N. Y. Central Trust Co.
do
do
In July,’96, deci. 1 p. c.

J. & J.
M. ás N.
F. ás A.
J. ás J.
J. ás J.
J. ás J.
J. & J.
A.15& 0
A.15&0
M. ás S.

N. Y., Office, 195 B’way
do
do
Boston,Bank Redemp’n
N. Y., Nat. Bk. Com.
July ’94, pd. July 1, ’96
N. Y.,Of.,5V anderbiltAv

Oct.
Oct.
May
Feb.
July
July
N. Y., Central Trust Co. July

July
May
Aug.
July
Jan.
Aug.
Aug.
N. Y., Del. L. & W. RR. Oc.15
do
do
Oct.
do
do
Moh,

1,
1,
1,
1,
1,
1,
1,
1,
\
»>
1,
1,
1,
1,
1,
1,
1,

1906
1911
1916
1921
1926
1931
1936
1913
1908
1903
1939
1939
1939
1939
1941
1908
1903
1908
1918
1928
1917
1917
3*9%
1900
1905

In March, 1898. began running trains into Buffalo, N. Y.. using 246
miles of Grand Trcnk Ry. under joint trackage agreement. The Wabash
Co- will pay the Grand Trunk a rental commencing at $275,000 per
annum, to be increased at the end of every five years by $25,000 a
year, until it reaches a maximum of $350,000 per annum. The Wabash
will also pay its quota of the cost of operating and maintaining the
joint section. (See V. 66, p. 812.) The new equipment required for
this connection was to be acquired with car trusts.
The refunding of 7 per cent bonds due in 1895 into first mortgage
bonds o f 1889 saved the company $180,000 per annum.
Traffic.—In 1896-7 carried 5,954,760 tons, of which grain furnished
22*22 p.c.,bituminous coal 25*74 p.o., lumber 4 p.o.,and live stock 6 p.o.
E arnings.—2 m os,) 1898 .................Gross, $2,362,504; net, $639,198
July 1 to Aug. 31, > 1 8 97 ................. Gross, 2,188,816; net, 777,289
A nnual R eport .—Fiscal year ends June 30. Annual meeting at St*
Louis second Tuesday in September. Report for 1897-98 was given at
length in Chronicle, V. 67, p. 526, 538, editl. p. 507, showing:
Tear ending June 30—
1898.
1897.
1896.
2,061
Average m ileage..................
1,936
1,936
Gross earnings....................... $13,207,862 $11,526,788 $12,807,147
Maintenance of w ay............. $1,662,987
$1,542,064
$1,701,055
Motive power..........................
2,502,652
2,086,840
2,496,141
870,311
Maintenance of oars...............
684,330
936,645
Transportation and general.
4,268,837
3,665,923
4,108,763
Total oper. expenses.......
Net earnings............................
Per ot. oper. exp. to eam’gs.
From rent of tracks, &o........

$9,304,779
$3,903,083
(70*45)
292,065

$7,979,157
$3,547,631
(69*22)
195,347

$9,242,604
$3,564,539
(72*17)
213,417

Total net income............. $4,195,148
T axes.......................................
$499,486
599,521
Track, bridge rent., & o..........
Int’st on bonds and rentals..
2,694,545
Div’nds on pref. debentures.

$3,742,978
$529,970
490,127
2,694,545

$3,777,956
$519,678
489,933
2,701,545
35,000

sur.$28,336 sur.$31,800
Balance....................................sur.$401,496
President, O. D. Ashley, N. Y. Office, 195 Broadway. (V. 66, p. 812
1142; V. 67, p. 179, 3 1 6 , 5 2 6 , 5 3 8 , 579.)
W a b a sh Chester Sc W e ste rn R R . —Chester, HI., to Mt. Ver­
non, 111., 65 miles. Stock (increased in 1893) $1,250,000; par, $100.
I nterest .—On Jan. 1. 1896, paid 1 year’ s interest on consols,
leaving 2 years in default. Coupons due July, 1894, paid July, 1896.
For year ending June 30,1898, gross, $90,248; net, $27,616; inter­
est, etc., $40,469; bal., def. for year, $12,853. In 1896-7 gross, $83,705.
W a r r e n R R . , N . J .—New Hampton Juno, to Dels. Bridge, N. J.,
18*8 m. Leased in perpetuity to Dela. L. & W. at 7% on stock arw) bonds.
W a s h b u r n Rayfleld Sc Ir o n R iv e r R R .—Washburn, Wis., to
Bayfield and Iron River, 38 miles, completed in July, 1898, o f which
23 miles built in 1897. Said to be built in the interest of the Great
Northern. In 1896 filed a mortgage to secure $240,000 20-year gold
bonds (5s); Milwaukee Trust Co. is trustee. V. 62, p. 187.
W a s h in g to n R r a n c h R R .—See Supplement o f April, 1898.
W a s h i n g t o n C e n tr a l R y .—Owns road, Cheney to Coulee City
Wash., 125 mUes. Reorganization of the Central Washington RR
sold in foreclosure Jan. 19,1898. Leased in 1898 to Northern Pacific
for 999 years at rental sufficient to pay interest on new 50-year gold
4s, to be issued at $15,000 per mile. (See full particulars V. 66, p
953.) The Northern Pacific owns the entire $1,000,000 o f capital stock
and $282,000 bonds and began operating the road July 1,1898 For
year 1896-97 (old co.), gross, $96,048; net, $30,239.—V. 67, p. 127, 691.
W a s h in g to n Sc C olu m b ia R iv e r R y .—Owns road -from Dayton, Wash., to Pendleton, Ore., 128 m iles; branches, 35 m iles; total
163 miles. Incorporated in 1892. Stock is $3,000,000; par, $100*
Mortgage trustee, Farmers’ L. & T. Co., N. Y. Additional first 4s
may be Issued for extensions at $20,000 per mile. (V. 61, p. 70.) In
Feb., 1898, the Nor. Pao. Ry. purchased the entire capital stock «.nfl
most of the income bonds.
E arnings.—Year ending June 30,1898, gross, $317,160; net (over
ta^ps), $140,913; .other income, $1,362; interest on bonds, $100.000 belstace, surplus for year, $42,275. In 1896-7, gross, $213,259; net. $75*.
226. In 1895-96, gross, $213,930; V. 66, p. 426.
’
W a s h in g to n C ounty R R . —Owns Washington Jc. on the Maine
Central RR., northeasterly to Calais, Me., with branch to Eastport
and Princeton, a total length of about 138 miles. Rdhd completed in
Oct., 1898. Stock, common, $1,500,000; preferred, $500,000, 5 p c
nomcum., all owned^by Wash. County. First coupon payable Jan. 1,

W a s h in g to n W e stm in ste r Sc G ettysburg R R .—Projected
to run from Washington to Gettysburg, ete., 86 miles. There is a Mary­
land and a Pennsylvania company, combined capital stock being $2,000,000. It is proposed to issue about $1,500,000 of bonds, but none
had been issued in Oct., 1898. In Oct., 1898, construction contracts
had been made and grading was expected to begin shortly. President,
James B. Colegrove; Secretary, Henry A. Cady; Treasurer, William B.
Thomas. General office, Washington, D. C.

144

LNVESTOKS’

SUPPLEMENT,

LVo l . LXVII.

Subscribers w ill confer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In tbese Tables«
Bonds—Princl
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Size, or
Amount Rate per When Where Payable, and Dy Stocks—Last
Par
of
For explanation of column headings, &o., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
'Washington Cent'l—1st M., g., $15,000 per m ile.K
Washington County—1st M., g., $2,320,000.Ce..o '
Wash. dkColumb. River—1st M., $2,500,000, goli.o*
Income bonds, non-cum , $2,500,000....................
West Chester—lstm ort., int. guar, by Penn. R R ...
West Jersey & Sea Shore RR.—Common stock..........
Special guaranteed stock (West Jersey R R .)___
Camden & Atlantic 2d mortgage........................c*
Consol. M. ($650,000 are 5s; balance 6s coup.)
West Jersey 1st consolidated mortgage............o '
Consolidated mortgage ($1,600 is scrip).......... r
Swedesboro Railroad bonds...................................
Woodstown & Swedesboro 1st mortgage.......... c
W. Jersey & S. S .,lst consol. M., $7,000,000, g.c
(Vest Shore—1st M., gu. p.& i., end. by N.Y.C.&H.c&r
Syracuse Ontario & New York 1st mortgage.......
West Virginia Central < Pittsb.—Stock, $6,000,000,
£
1st mortgage, gold................................................. c*
West Virginia <t Pittsb.—IstM ., s. f. notdr’ n, gold.o’
West’n (Ala.)—Con. M.,g.,gu.by C.Ga. andGa.RR.c
Western Maryland—1st M. and pref. 2d M. (end’d).
3d mortgage, endorsed by City of Baltimore........
4th mort., in return for City of Baltimore stock..
5th mortgage, held by City of Baltimore, sink’g f ’d
City of Baltimore loa n .............................................
Baltimore & Harrisburg RR.; prior mortgages...
Mortgage (for $690,000), gold..........................c*
IstM . west. Ext. ($16,000 p. m.),gold, guar.. .c*
Balt. & Cumb. Val., 1st mortgages (see remarks)

125
120
163
5
79
79
63
128
11
11
310
450
45
i*23
159
133
90
90
90
90
32
15
34

Mch. 1, 1948
New York.
1898 500 &c. $1.538,000
4 g. Q.—M.
Jan. 1, 1948
New York.
1898
1,000
5 g. J. & J.
2,160,000
N.Y.,Farmers’ L.&T.CO. July 1, 1935
1895
1,000
2.500.000
4 g- J. & J.
=
4
July 1, 1935
1895
2.245.000
M. & S. Phila., Broad St. Stat’n. Sept., 1919
1879 100 &o
75,000
5
«
50
4,955,608 5 in ’93 M. & S. Phila., Broad St. Stat’n. Sept.15,’98,21
J’ne 15'98,3%
do
do
J. & D.
50
104,000
6
Oot. 1, 1899
do
do
1879
1,000
A. & O.
497,000
6
July 1, 1911
do
do
1,000
1881
1,000,000
5 & 6 J. & J.
Apr. 1, 1899
do
do
1869 50Ó &e.
A. & O.
1,000,000
7
Nov. 1, 1909
do
do
1879 500 &c.
M. & N.
750,000
6
Dec. 1, 1898
do
do
1868 500 &c.
J. & D.
136,500
7
May 1, 1912
do
do
1882
1,000
M. & N.
90,000
6
July 1, 1936
do
do
1,000
1896
1,600,000
4- g. J. & J.
1885 l,000&o 50,000,000
J. & J. N. Y., Gr. Cent. Station. Jan. 1, 2361
4
1933
1,000
1883
J. & D.
6
1,100,000
100
5,500.000 1 in ’97 Yearly. Baltimore, Co.’s Office. Oct. '97, *a%
Balt., Hambleton < Co. July 1, 1911
fe
1,000
1881
3,250,000
6 g. J. & J.
1890
1,000
4,000,000
5 g- A. & O. Oct., ’97, coup, last paid Apr. 1, 1990
1,000
1888
4 1 A. & O. N.Y. GuarantyTrustCo. Oot. 1, 1918
ag.
1,543,000
1890 & 1895
’ 58-’ 68 50Ó &c.
J. & J.
222,000
6
1870 500 &o.
J. & J. Balt., N. Mechanics’ Bk. Jan., 1900
6
875,000
Jan. 1, 1902
do
do
1872
J. & J.
6
1,000,000
Jan. 1, 1927
do
do
1887
1,704,000
3H J. & J.
July 1, 1925
do
do
J. & J.
684,000
4
1879
J. & J. Baltimore, Co.’s Office. Jan. 1, 1899
6
120,000
Nov. 1, 1936
do
do
1886
1,000
570,000
5 g. M. & N.
May 1, 1938
do
do
1888
1,000
*40,000
5 g. M. & N.
July,1929&’31
do
do
’79-’81
J. & J.
6
351,300

W e s t Jersey R R .—
j See W est J ersey & Sea SB.
W e s t Jersey & A tla n tic R R . —
W e s t J e r s e y & S ea S b o r e R R .—(See Map Pennsylvania RR.)
—Owns all the lines of tne Pennsylvania System in Southern New
Jersey, including the line from Camden, opposite Philadelphia, to
Atlantic City (59 m.), Camden to Cape May, 81 m .,etc„ 312 miles in all.
Organization .—Incorporated May 4 ,1896, and absorbed, per plan
in V. 62, p. 366, the Camden & Atlantic, West Jersey, etc., comprising
the Pennsylvania lines in Southern New Jersey. (See V. 62, p. 871.)
Stock .—Common stock authorized, $8,076,000, of which the Penn
RR. held Jan. 1, 1898, $1,503,150. In Sept., 1898, $367,008 stock
were subscribed for by stockholders at par towards paying for double­
tracking the line to Atlantic City. V. 67, p. 188.
D ividends .—On common in 1896, Oct., 2*3 'p.c.; in 1897, Mar., 21 p.
a
c.; Sept., 2*3 p. c.; in 1898, March, 2*3 p. c.; Sept., 2 ^ p. o
B onds.—First consolidated mortgage is for $7,000,000, of which in
May, 1898, $3,473,500 are reserved for prior lien bonds when due,
$1,926,500 for improvements, etc.; $1,000,000, used for refunding,
etc., were sold in June, 1896, and $600,000 sold in May, 1898, for im­
provements and double tracking o f Camden & Atlantic Division. V.
66, p. 955. See description, Y. 62, p. 1179. Mortgage trustee is Com­
monwealth Title Insurance & Trust Co. o f Philadelphia.
E arnings.—8 mos., $ 1 8 98 .,___Gross, $1,871,883; net, $549,456
Jan. 1 to Aug. 31.
¿1897..........Gross, 1,805,943; net, 520,717
Years end. Dec. 31.
1897.
1896.
1895.
1894.
Gross earnings......... $2,550,940 $2,554,919 $2,565,847 $2,440,898
Net earnings..............
591,923
586,888
616,269
619,444
In 1897, other income, $7,875; interest on funded debt, rentals,
taxes, etc., $317,517; balance for dividends, $282,280. Dividends at
5 p. c. on common (and 6 p. c. on special guaranteed) call for $235,620
per annum.—V. 66, p. 475, 6 1 4 , 955; Y. 67, p. 488.
W e s t S b o r e R R .—(See Map N. Y. Central < Hudson River.)—Line
6
o f road from Weehawken, N. J., opposite New York City, to Buffalo,
N. Y.,w ith branches to Albany City and Rochester City, 450 miles;
Syracuse Ontario & New York (formerly leased and afterwards ab­
sorbed), Syracuse to Earlville, 45 miles; total, 495 miles. Successor
In 1885 to the New York West Shore & Buffalo sold in foreclosure.
L ease .—Leased in 1885 for 475 years to the New York Central &
Hudson and all earnings, Ac., included in that company’ s report. The
$10,000,000 of stock is owned by the New York Central Company.
B onds.—The West Shore mortgage is made to the Union Trust Com­
pany as trustee, and covers the line of road, Weehawken to Buffalo,
with branches, 450 miles in all, and also the terminals at Weehawken
by ownership of all the stock and bonds of the Terminal Company.
The guarantee of the New York Central & Hudson is absolute as to
interest and principal and is endorsed on each bond. See abstract of
mortgage in V. 42, p. 176. The Syracuse Ontario & N. Y. bonds “ were
not assumed as part of the West Shore mortgage.”
W e s t V irgin ia Central & P ittsb u rg f l y . —A coal and railroad
oompany m West Virginia in the upper Potomac region—the Elk Garden
Coal Field. Owns road in operation from junction near Piedmont,
W. Va., to Belington, W. Va., 102 m iles; Elkins Junction to Beverly, 6
miles; branches to Mineville, Elk Garden, &c., 15 miles; total owned,
123 m. Rails on June 30,1896, w ere: 42 miles of 70 lb. steel and 81
miles 56 lb. Leases Pied. & Cumb. RR. 29 m.; total operated, 152 miles.
In July, 1898. Beverly, W. Va., to Huttonsville, 11 miles, under con­
struction and expected to be completed during fall of 1898.
H istory .—Main line completed in 1889. Company owns 32,244
ores of coal and lumber lands covered by the first mortgage and has
mineral rights on 5,407 acres more. See V. 60, p. 220.
Stock .—Stock authorized, $6,000,000, all listed on Baltimore Stock
Exchange, but June 30,1898, $500,000 was held in treasury of the
oompany. Bills payable June 30,1898, $167,792.
D i v i d e n d s .— From 1889 to 1894, both inclusive, 1 p . o. yearly; in 1895,
1 ^ p . o.; in 1 8 9 6 ,1 ^ p . o.; in 1897, Mar., 1 p . c.; Oot., *a p . c.
Bonds.—First mortgage is for $3,600,000 to W. P. Whyte and the
Metropolitan Trust Co., as trustees. See V. 52, p. 204. On Jan. 25,
1898, $256,000 additional bonds were authorized for improvements,
all of which had been listed on N. Y. Stook Exchange in Oct., 1898,
making total amount listed, $3,250,000. V. 66, p. 31, 802.
L atest E arn ’ gs.—3 mos. 5 1898........Gross, $297,230; net, $86,722
July 1 to Sept. 30.
¿1897.......Gross, 295,368; net, 81,896
Annual R eport .—Fiscal year changed to end June 30. The annual
report for 1897-98 was in V. 67, p. 478. Earnings have been:
Year.
Cross.
Net. P.&O.RR.Net. Prof.onOoal. Tot.Net.
1897-98... $ c 60.181
$221,589 loas$15,415
$78,457
$284,631
1896-97... 604,348
191,204
5,159
77,665
274,028
1895-96--- 612,689
215,899
10,633
102,607
329.139
Prom net in 1897-98. as above, deduct interest, $183,000; dividends
«27.500; miscellaneous, $5,188; balanie, surplus for year, $68,943.
Total coal and coke shipments for year 1896-97, 1,219,869 tons;
1 176.372 tons in 1895-96; 1,002,434 tons in 1894-95 tons; 825,757
tons in 1893-04 and 929,427 tons in 1892-93.
President, H. G. Davis, Baltinore. (V. 65, p. 5 6 6 ; Y. 6 7 .p. 31, 4T 8 ,
5 4 0 ,8 0 2 )




W e st V irg in ia & P ittsb u rg R R . —(-See Map Balt. < Ohio.)—
6
R oad .—Opened in 1892 from Clarksburg, West Va., on the B. & O., via
Weston, southerly to Camden-on-Gauley, West Va., 103 miles, (of which
1*2 miles owned by B. & O.), with branoh, 6 miles; also from Weston
via Buokhannon to Pickens, 50 m iles; total, 159 miles.
Lease .—Leased to the Baltimore & Ohio for 999 years, from Jan. 1,
1890. The rental is 62!s per cent of the gross revenue. The remaining
37*a was to be applied to payment of interest on bonds, the B. & O.
agreeing to advanoe any sums needed to pay this interest.
Stock—Com., $2,500,000; pref., 5 p. o., non-cum., $900,000; par, $100
B. & O. June 30,1897, owned $1,250,000 common and $200,000 pref.
B onds.—The first mortgage for $4,000,000 (trustee, Mercantile Trust
Company of Baltimore) covers besides the road and its equipment
134,842 acres of timber, coal and mineral lands in West Virginia. April,
1898, coupons were not paid when due, and Brown, Shipley & Co. re.
quest deposits. V. 66, p. 811. Johnson N. Camden and Clarence Cary
were appointed receivers in April, 1898. V. 66, p. 906. Loans and
bills payable June 30,1898, $260,689; equip, notes, $11,620 6s.
E arnings.—1 month, 5 1 8 9 8 ............. Gross, $30,734; net, $11,950
July 1 to July 31.
(18 9 7.................Gross, 33,502; net, 13,009
A nnual R eport .—Report for 1896-97 in V. 65, p. 821, show ed:
Cross.
Net.
Oth. inc. Int.,tax,etc.
Balance
1897-98......... $391,090 $173,003
$233,438
$60,435
188,577
$48,391
231,171 sur. 5,797
1896-97......... 384,488
1895-96......... 400,442
218,840
83,596
236,416 sur. 66,020
—(V. 65, p. 8 2 1 ; V. 66, p. 665, 811, 906.)
W e ste rn R y . o f A la b a m a .—R oad—Selma to West Point, 133
miles. Owned Jointly by the Georgia RR. and Central RR. of Ga.
Stock, $3,000,000 (par, $100), of which Central of Georgia and
Georgia Railroad each owns $1,500,000.
D ividends .—In 1894, 2 p. o.; in 1895, (June) 2 p. o.; in 1896 (June) >
2 p. c.; in 1897 (Jan,), 2 p. c.; June, 1 p. c.
E arnings.—2 months, 5189®.............. Gross, $93,920; net, $31,383
July 1 to Aug. 31.
(1897.............Gross, 86,778; net, 25,112
E arnings.—In 1897-8, gross, $603,631; net, $214,444. For year
ending June 30, 1897, gross, $636,533; net, $258,059; other income,
$3,206; interest and taxes, $94,954; miscellaneous, $39,566; divi­
dends, $90,000; bal. surplus for year, $36,745.
W e ste rn M a ry la n d R R . —R oad —Baltimore to Williamsport, Md.,
etc., 93 miles. Leases—Baltimore & Cumberland Valley Railroad and
extension, Edgemont to Shippensburg, Pa., 34 m iles; Baltimore & Har­
risburg Railroad, Emory Grove, Md., to Orrtanna, Pa., 59 miles, and
branches, 6 miles; western extension, 15 miles; Potomac Valley RR.,
Williamsport to Cherry Run on the B. & O., 14 miles, and Porters to
York, 17 m iles; total, 239 miles main line.
In April, 1898, Hagerstown & State Line RR. was organized t< build a
>
branch of W. M. RR. from Hagerstown, Md., to Penn. State line, 5*30
miles, and in Feb., 1898, Washington & Franklin RR. to construct
from Penn. State line to Altenwald, Pa.. 9-07 miles, connecting with
Baltimore & Cumberland Valley RR. extension; total length of ex­
tension, Hagerstown to Altenwald, 14-37 m iles; expected to be com­
pleted in Oct., 1898.—V. 66, p. 810.
Stock .—Common stock is $684,950; par, $50; six per cent first pre­
ferred stook, $324,000. The oompany has been largely assisted by the
citv of Baltimore, which, Jan. 1,1893, owned $200,000 of its common
stock, $4,263,000 of its mortgages and $2,924,850 overdue coupons.
Washington County, Md., also in October, 1892, owned $110,000 com­
mon and all the $324,000 preferred stock. Of the thirteen directors
the city has appointed eight and the county two. V. 55, p. 545.
B onds —Of the issue of $690,000 Baltimore & Harrisburg bonds,
$120,000 are held in trust to pay off the Baltimore & Hanover first 6s .
There are three Balto. < Cumb. Valley first mortgages on different
&
pieces of road, and under the lease to the Western Maryland interest
on the mortgages is provided by rental.
, _ , ,
■
„
From July 1, 1892, the oompany has paid regularly interest on all
its obligations except on 3d and 4th mortgages, whioh is, paid by the
City of Baltimore.
t> !W ’ ,
* Floating debt Oct. 1 ,1 8 9 7 : First mortgage, overdue, $4-3,500; bills
payable, $298,722; funded6 p.c. certs, held by Baltimore, $226,530;
unfunded ooupons, $71,742.
L eased L ines.—As to leased lines see Supplement November, 1893.
Potomac Valley RR. bonds are guaranteed by the Western Maryland
and the Baltimore & Harrisburg. See Potomao Valley and V. 52, p. 121.
annual REPORT.—Fiscal year ends September 30. Report for 1896-7
was in V. 66, p. 232. The earnings, including Balto. & Harrisburg,
Balto. & Cumberland and Potomae Valley, were as follow s:
Bat.,
Year end.
Gross
Net
"Interest,
Div.on
sufp.
Sept. 30.
earnings, earnings, rents., <tc.
pref.
$85,500
1897
$1,251,238 $411,018 $324,122
$1,396
73,805
1,520
323,665
----------— ----- 399,050
1896.................. 1,265,690
141,»21
1,356
296,458
439,035
1895.................. 1,277,863
* Interest assumed by Baltimore City is not innfeijled.
-tv . 60 . » . 2 1 8 : V. 62, » . 8 2 ; V. 64* p, 1 7 8 ; V. 66, p. 2 3 2 ,8 1 0 .)

O c t o b e r , 1898.]

RAILRO AD STOCKS AN D BONDS.

RAILROADS.

Miles Date Size, or
Amount
Rate per When Where Payable, and by
Par
of
For explanation of column headings, <feo., see notes of
Outstanding Cent. Payable
whom.
Road. Bonds Value.
on first page of tables.
$50 $20,000,000
WesternN. Y. dtPennsylvania—Stock vsee te x t)..... 588
9.990.000
5 g. J. & J. N. Y., Continental Tr.
1,000
588 1887
West. N. Y. & Penn. 1st M., ($10,000,000) .gold .c
do
do
3-4 g. A. & O.
1,000 10,000,000
588 1895
\ GeneralM., $10,000,000, gold, see text, U -----C
Nov. 1. Office—When earned.
5
1,000 10,000,000
1895
Income bonds, $10,000,000, gold, non-cum .FPc
Philadelphia, Pa.
1.775.000 See text. A. & O.
50
Western Penn.—Stook............- - ............ - - - - - - - - 4.000. 000
4 g. J. & D. Phila.,Broad St. Station
1,000
I Consol. M. ($5,000,000), gold, guar. p.&i.Pa.RR .0* 137 1888
100 19,500,000
Wheeling dt Lake Erie—Stock, $4,500,000, pref......
432,500
Receiver’s certificates (Y. 64, p. 1182)— "•■•••
A. & O. A pr.,’ 98, pd. Sep., 1898
3.000.
000
1,060
187 1886
1stM.,LakeE. Div.,Bowerston to L .E .,g ., M e.c
J. & J. J a n .,’98, coup, last pd.
1.500.000
1,000
50 1888
1st M. Wheel’g Div., $ & £ (2d on 187 m .)g.Ce.o
M. & S. M ar.,’98, paid at mat.
276.000
1,000
5 1888
Toledo Belt Railway 1st mortgage, gold, gu ar....
F. & A. Aug., ’97, coup, last pd
1.624.000
1,000
260 1889
IExten. and Impr. mort. ($1,900,000), gold, C e... o
J. & J. Jan., ’ 97, coup, last pd.
1.600.000
1,000
¡Consol. mort. for $8,000,000, gold..$&«£, C e ....c 260 1892
626,021
iCar trusts, November, 1896.......... ..............
N ew Securities to be I ssued U nder p la n .
*15,000,000
¡Common stock— .....................
x 9 ,500,000
Pref. stock, 4 p.e., not cum., $ 2,500,000 is 1st pf.
6.400.000
New first mortgage to replace old div, 1st more.
J. & J. N.Y. Mercantile Trust.
769.000
1,000
1890
Wicnita Val.—1st M.,iut.red. to 3% fo r 5 yrs.g.c'&r
Dec. 31 Phila., 106 So. 4th St.
500.000
50
Wilkesbarre dt dcranton—Stock, 5 per cent rental..
do
do
M. & N.
500.000
1,000
1888
First mortgage gold, guar. p.&i. by L. C. & N. oo.
M. & S. Phila., Fid. L , Tr.«St S.D.
1.125.000
1892
1,000
Williamsport d No. Br.—1st M., $2,000,000 g.,FPc
k
S. O.
WUm. Oolum. dt A u g —See A tlantic Coast L ine
J. < D. Reg.; Co. mails checks,
fe
5
354.000
500
1887
Wilmington dt North.—lstM .,sub.to call in 1907...r
do
do
396.000
1892
1,000
5 g. Q.—F.
General mortgage for $1,000,000, gold .. . — .. .r
Q .-F .
66,000
5
1,000
1897
Car trust certs., due $8,000 yearly. V. 66, p. 950
See
3.000.
000 text. M. & N. Wilm., N.C.".Co.’s Office,
100
Wilmington dt Weldon—
Stock.............. : • a '
----- Z'
t
4.000.
000 & 5g. J. «S J. N.Y.,Balt, and Wilming
4g.
1,000
Gen.M.(for$4 000,000)$938,000are,4s,S.Ba.g.*c 468 1885
do
do
A. «S O.
t
2.500.000
7
100
Certifi.of indebt.for div’d in ’87,non-cum., income.
v The new company may. if deemed advisable, be organized with power to issue not inexce

145
Bonds—Prinoi
pal,When Due.
Stocks—Last
Dividend.
Jan. 1, 1937
Apr. 1, 1943
Apr. 1, 1943
Oct. 15,’98,3%
June 1, 1928
Oct. 1, 1926
July 1, 1928
Part each year
Feb. 1, 1930
July 1, 1992

July 1. 1940
Deo.31,’ 9 8 ,5%
May 1, 1938
Sept. 1, 1922
1907-1927
Aug. 1, 1932
1898-1906
May 10,’98,4%
July 1, 1935
Irredeemable.

$ 10,00J,000 additional common stock for acquisition o f
to such amount as may be n ecessa^

G eneral Finances.—Balanoe sheet furnished to stockholders’ com
W e s t e r n N e w Y ork : & P e n n s y l v a n ia R y . —Owns Buffalo to
Emporium” Pa.? 121 miles; Buffalo to Oil City, Pa.. 136 miles; Oil City to mitte ' by the receiver as of J an. 15, 1897, shows: Current liabilitiespayable, $300,,
Olean. 110 miles; Rochester to Hinsdale, 99 miles; Stoneboro to Ma- $966,033, including bills payable, $398,839 ; acoounts V. 64, p. 374.
honington 38 miles; branches, including proprietary lines, 84 miles 751; wages, $166,693; also oar trusts, $613,005.—See
L atest E arnings.—Jan. 1 to Oct. 7 (9 ^ months), gross, $1,109,543
total owned, 588 miles, of which 14 are narrow gauge; leases, 45 miles.
Organization .—Reorganization March 18,1895 (per plan in Supple ­ in 1898; $780,046 in 1897. For calendar year 1897, gross, $1,197,016,
against $1,297,950 in 1896.
ment of January, 1895), of the Railroad, foreclosed Feb. 5,1895.
eport .—Fiscal year ends June 30. Report for 1895-96 was
Stock ._The voting power on $5,000,000 new capital stock Issued inA nnual R500, 553. During the year 1895-96 the company carried
V. 63, p.
bv the old 2d mortgage bondholders is to be held in trust for five years 1,230,530 tons of bituminous coal, against 1,105,930 tons in 1894-95;
by George E. Bartol, Nicholas Thouron and Samuel G. De Coursey.
and 214,810 tons o f ores, against 202,810 tons in 1893-94.
B ond s —Abstract of Western N. Y. & Pa. 1st mortgage in V. 47, p.
Year ending June 30— 1897.
1896.
1895.
1894.
109 The general mortgage carried interest till April 1,1897, at 2 per Gross earnings....... ..$1,138,954 $1,453,917 $1,353,825 $1,288,584
cent, now till 1901 at 3 per cent and thereafter at 4 per cent.
Netearnings........... ..def. 50,793
354,262
318,888
394,603
90.628
93,430
79,063
F loating D ebt .—Equipment notes June 30, 1898, $102,194; mort- Other income.................................
Interest paid...................................
379,779
378,575
on real estate, $289,799; freight warrants, $57,000.
Divid’ s on pref. stock....................
............
............
135,000
E arnings.—2 months, > 1898.G ross, $558,677; net, $190,319
—(V. 67, p. 128, 179, 276, 324,488, 540, 579.)
July 1 to Aug. 31. 51897.................Gross, 692,699; net, 241,742
W ic h ita V a lle y .—Owns from Wichita Falls to Seymour, Tex., 51
A nnual R eport .—Fiscal year ends June 30. Report for 1897-98 was miles; completed in Sept., 1890. Stock, $6,000,000; outstanding,
given at length in Y. 67, p. 839, 853; see editorial remarks, p. 818. $1,020,000; par, $100. In 1898 interest was scaled to 3 per cent for
The interest on the new general mortgage bonds to April 1,1896, was 5 years, beginning with the Jan., 1898, coupon. V. 67, p. 224.
provided for out o f assessments on stock at the time of reorganization;
W ilk e sb a r r e Ac Scranton R y .—('«See Map Central RR. o fN . J.)—
therefore only 3 months’ interest appears in charges of 1895-96. Inter­ Owns from Scranton to Minooka Junction, Pa., 5 miles, of which l^a
est charge on these bonds for 1896-97 amounts to $225,000, and for miles is double traok. Leased from May 1,1888, to Lehigh Coal. < Nav.
&
1897-98 were $300,000. Since July, 1895, all betterments have been Co. (see “ Miscellaneous Companies” ) during its corporate existence
charged to expenses.
less one year, at $47,500 per annum and taxes. Lease assigned to
Central of N. J. at 6 per cent on cost of road ($1,065,000) ana taxes.
Vp/vvji endina June 30.
1898.
1897.
1896.
GrossWarnings ................................$3,245,937 $2,954,774 $3,186,030 In June, 1894, Lehigh Coal & Nav. Co. held all the stook.
N e t llr X g s .
.............................. $1,103,133
$911,828 $952,119 m s p o r t Ac North B ra n c h R R .—Hall’ s to Satterfeld, Pa.;
W illia
o t o e f i n o o m e :::::::::.. ..................
8,391
54,e n
56,638 and branch 45 miles. Common stock (auth $2,000,000) issued,
$925,362; preferred, $300,000; par value of each, $50.
Netincom e.................................. $1,111,524
$966,439 $1,008,757
E arnings.—Year ending June 30,1898, gross, $92,919; net, $30,429;
$516,350 interest, $56,250; bal., deficit, $25,821. In 1896-97, gross, $78,368;
Interest charges on 1st mortgages.
$499,500 $499,500
50,000 net, $6,302. Vice-President, George V. Forman, Buffalo, N. Y. In
Int. on gen. mtg. (see a b o v e )..:...
300,000
225,000
95,430 April, 1898, it was reported that control was to be sold. V. 66, p. 812.
T&X6S«
■•••••••••••••••••••......
lUvjU #U
yU i o
jU
26,407
Int. on real est. and equip, notes..
21,446
25,613
W ilm in g to n C olu m b ia Ac A u g u sta R R .—In 1898 merged
Balance, surplus............................... $190,508
$126,250
$320,569 in the Atlantic Coast Line RR. of South Carolina.
A nnual Report .—Fiscal year ends June 30. Report for 1896-7 was
—(V. 66, p. 136,238, 343, 906; V. 6 7 ,p. 3 1 6 , 839.)
in V. 66, p. 181, showing gross, $697,258; net, $166,737; other
W estern P e n n sy lv an ia B R , —Owns from Bolivar to Butler, 71 income, $31,543; interest charges, $124,741; dividends, $57,600; bal­
mil a s , arid Butler Junction to Allegheny City, 27 miles, double track; ance, surplus for year, $15,939. In 1895-6, gross, $637,241; net,
branch. 39 miles; total, 137 miles. New lease of Jan. 1,1897, to Penn­ $163,234; other income, $32,569.—(V. 64, p. 887; V. 67, p. 31.)
sylvania RR. in place of lease o f 1888 provides for fixed rental insur­
W ilm in g to n & N orth ern R R . —Owns Wilmington, Del., to
ing 6 per cent dividends per annum. E arnings.—In year ending Deo. Highs Junction, Pa., 71 miles; branches, 17 miles; total owned, 88
.
31,1896, gross, $1,543,070; net, $525,970. In 1897, rental $275,375; miles; trackage to Reading, Pa., etc., 4 miles. Also controls by ow n­
expenses and taxes, $6,183; interest, $162,692; balance, $106,500, ership of majority of capital stock the Westchester Electric Railway,
being 6 p. c. dividend. Penn. RR. owns the $1,775,000 stook. Divi­ 5-57 miles, from its junction with the W. & N. RR. at Lenape. Organ­
dends in 1894,8 p. c.; in 1895,8 p. c.; in 1896,8; in 1897, April, 3 p. o.; ized January 18,1877, after foreclosure sale. General mortgage bonds
Oct., 3 p. o.; in 1898, Apr., 3 p. c.; Oct., 3 p. c.
are reserved to retire first mortgage indebtedness at maturity. Stock
authorized, $1,500,000; outstanding, $1,278,050; par, $50. In Octo­
W h e e lin g & L a k e E rie R y .—Owns Toledo, O., to Bowerston, O. ber, 1898. control had been acquired by or in the interest of the Phila.
174 miles, and branch to Huron, O., 13 m iles; Wheeling Division,
fe
Bowerston to Martin’ s Ferry, opposite Wheeling, 42 m iles; Steubenville < Read. Ry. V. 67, p. 843.
annual R eport .—Report for 1897, in V. 66, p. 950, show ed:
branch. 14 m.; Toledo Belt, 4 m.; total, 247 miles. Owns large interest
Ir . end. Dec. 31 - Gross.
Net.
Interest.
Rental. Bal., surp.
in Wheel. L. E. < Pitts. Coal Co.—which see in this Supplement .
fc
1897................... $435,736
$60,652
$48,094
$5,125
$7,433
R eceivership .—On Jan. 15, 1897, Myron T. Herrick and Robert 1896................... 463,737
60,370
45,240
4,516
10,614
Blickensderfer were appointed receivers. (V. 64, p. 182.) Certificates —V. 64, p. 9 4 9 , 9 9 8 ; V. 66, p. 9 5 0 ; V. 67, p 843.
ior $432,500 were authorized in June, 1897, for bridges.—Y. 64, p. 1182.
W ilm in g to n Ac W e ld o n R R .—Road —Owns Wilmington to Wei
D efaults .—A year’s overdue interest on the three leading loans don, N. C., 162 miles, and from South Carolina State line to Contentnea
N. C., 116 m iles; branches, Sootland Neck (Halifax to Kingston). 85
underlying the consols was paid in Sept., 1898—
see V. 67, p. 488. For
last coupon paid sec table at top of page. Foreclosure o f consolidated miles; Tarboro, Nashville, Newborn, etc., 246; total owned, 609 miles.
Leases Wilm. Col. & A u g.,243 miles; Central South Carolina (jointly
mortgage begun July 1898, and of the 1st mortgage on the Lake Erie
with Northeastern South Carolina RR.), 40 miles. Reaches Augusta,
Division in August, 1898. (V. 67, p. 128, 324.)
Ga. from Denmark, S. C., 57 miles, on South Carolina & Georgia RR.
Consolidated R eorganization Committee .—General Louis Fitz­ In 1897 absorbed Wilmington & Newborn by consolidation.
gerald, Geo. Coppell, J. Kennedy Tod, Eugene Delano and Wm. Dick.
Organization .—Organized in 1836. Controlled by Atlantic Coast
In August, 1898. 98-6 per cent of preferred and 97 2 per cent of
common had been deposited. V. 67, p. 276. Third assessment on the Line Co. (which see), which owned $2,000,000 stock Junel, 1897.
D ividends , E tc.—From 1884 to July, 1891, both inclusive, at rate o f 8
stock was payable Sept. 29,1898, making in all $6 per share called on
pref and$4 on c o m m o n .-?. 65, p. 825,932; V. 66, p. 1239; V. 67, p. 579. per cent per annum; in November, 1891, 4 per cent; in July, 1892, 4
per cent; in 1893, 3 ; 1894, May, 3 ; in 1895, 6 ; in 1896, May, 3 p. e.; in
R eorganization P lan .—This committee in June, 1898, issued a Nov., 3 p. o.; in 1897, May, 3*a p. e.; Nov., 4 p. c.; in 1898, May, 4 p. e.
p la n (V. 66, p. 1142) approved by all the protective committees. The
A nnual R eport .—Report for 1896-97 in Y . 66, p. 79, showed:
plan authorizes the securities shown in table above, and gives
Year end 1g June 30.
1897.
1896. .
1895.
1894..
the committee the option of leaving undisturbed the old first m ort­
gage divisional bonds or of foreclosing or refunding the same into Gross earnings........... $1,854,006 $1,803,196 $1,625,076 $1,637,752
990,899
new first mortgage bonds. The terms of exchange of old securities Expenses and taxes.. 1,132,790 1,110,52» 1,013,813
(other than first mortgage bonds) are as follow s:
Netearnings......... $721,216
$692,674 $611,263
$646,853
•Will receive----------.
Old securities in amounts
Paying
In 1896-97 total net income, $776,250; interest charges, $440,637
2d pf. Oom.stk.
stp f.
$ l ,000 M s , $100 stock.
assess.
dividends, $195,000; bal., surplus, $140,613. In 1895-96 paid divi
1,060
Consols of 1892 ($1,600,0 0 0 )....N one
dends amounting to $180,000.—(65, p. 1127; V. 66, p. 79.)
$112
Preferred stook ($4,500,000).... *$12
W in o n a B rid g e R a ilw a y .—Owns bridge between Winona,
9
$100
Common stook ($15,000,000).... * 9
Minn., and Buffalo, Wis., 1*03 mile, opened Sept. 1,1891. Leased <o
Winona < Southwestern, Green Bay Winona < St. P. and Chicago
&
fe
* Inolusiye of first payment of $1 00 per share made or to be made
BurL < No. for 30 years. Stock .—$400,000; par, $100.
&
pursuant to oall o f stockholders’ committee.—V. 67, p. 178.




146
S u b s c r ib e r s w il l c o n fe r

ÍÍTVESTOBS
a

g re a t fa v o r

b y

g iv in g

SUPPLEMENT,

I m m e d ia te

n o tic e

o f a n y

[V ol. LXVJI
e rro r

d is c o v e r e d

In

tb e se

T a b le s .

Bonds—Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate Per When Where Payable, and by pal, When Due.
For explanation o f column headings, &c., see notes of
Par
of
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividends.
Wilm. < Weldon—( Con.)—1st M., Tarboro branch..
6
Wilm. & New Berne, 1st M., gold, assumed..SRa
Albermarle & Raleigh, 1st iff., g., assumed. SRa
Wilm. & Weldon special trust certificates............
Winona Bridge—1st M., gold, s. f.. r’d. at 110 aft. ’98
Winona < Western Stock, $2,000,000.................. ..
&
1st mortgage, gold........ ...........................................
Wisconsin Oent. Go.—Receivers’ certifs.—See tex t..
Chippewa Falls & Western 1st mortgage..............
Wisconsin & Minnesota 1st mortgage, g old ,........
Minn. St. Croix & Wisconsin, lstm ortgage..........
Terminal mortgage notes.....................................
Improvement mortgage notes.............................
Penokee 1st mortgage..............................................
Wis. Cent. R. R —Consol. M.,lstseries,gold___c&r
Consol. M , 2d series, income(not cum.)gold.c*<fcr
Wisconsin Central Co. lstM.,$12,000,000,gold.c*
Inoome M., non-cum., $9,000,000, gold.......... c*
Wis. Cent. Co.& RR. Imp. bonds, gold, convert.o*
Chicago Wis. & Minn, (leased)—1st mort., gold.o*
Income bonds, 6 per cent, cumulative................
Wisconsin Central Railroad improvement notes.
Wisconsin <t Michigan By.—lstM .,g., $t5,000 p.m.
Woonsocket < Pose.—1st M., int. gu. City of Woon.c
£
Worcester Nashua < Rochester- Stock ($3,600,000)..
£
Wor.&Nas. Wor. Nashua & Roch. RR. bonds...o*
do
do
do .......
1st M. of
do
do
do ...o*
’ 79 secures]
do
do
do .......
all eauaiiy.
York Southern—York & Peach Bottom “ A ” & “ B” .
York Southern 2d mortgage, gold..........................
Zanes. < Ohio River—1st M., $25,000 p. m., gold.o*
6

53

_
_
....
....

....
10
54

416
416
All.
AH.

_

122

54
9
94
47
47
47
47
....
80

1894
1897

$500,000
Wilmiugton, N. C.
1944
4
J. & J.
500,000
4 g. F. & A. S. D. & Tr. Co.,Balt’m’e Aug. 1, 1947
500,000
S. D. & Tr. Co.,Balt’m’e Jan. 1, 1944
4 g. J. & J.
Wilmington, N. C.
380,000
At Co.’ s option
6
M. & N.
1890
1,000
384.000
5 g. M. & S. N. Y., J. Walker & Son. Sept. 1,1915
100
100.000
1895
1,000
1,150,000
1945
J. & J. July, ’97, coup, last pd.
1894
Nov. 16,1898
2,000,000
i g- M. & N.
1874
1,000
150,000
7
M. & N. Nov., ’ 96, coup, last pd. Ñov. Í,' 1904
1880
810,000
A. A O. Oct., ’ 96, coup, last pd. Apr. 1, 1910
1884
180,000
I * M. & N. N ov.’ 96,coup. last paid May 1, 1915
1885
400.000
F. & A. Feb., ’97, coup, last pd Feb. 1, 1895
8
1886
215.000
M. & S. Meh., ’ 97, coup, last pd. Sept. 1, 1906
8
1887
30,000
M. & S. Mch., ’97, coup, last pd. Nov. 1, 1937
5
1879 500 Ac. See text.
5 g- J. & J. July, 1898, coup. paid. Jan. 1, 1909
1879 500 Ac.
Jan. 1, 1909
12,000
7 g. J. & J.
1887
1,000 11,265,000
5 g. J. & J. Jfen., 1894, last paid. July 1, 1937
1887
1,000
July 1, 1937
No coupons paid.
7,536,167
5 g. A. & O.
1891
1,000
3,642,122
5 g. M. & N. M ay,’ 97, coup, last pd. May 1, 1931
1,000
1885
2,860,000
M. & 8. Bost’n, Meich. Nat. Bk. Mch. 1, 1916
6
1885
Mch. 1, 1916
do
do
1.040.000
M. & S.
5
1896
1897-1902
500,000
1889
Oct. 31.1899
1.100.000
M. & N. Owned by Company.
6
1,000
1895
951,000
5 g- J. & J. N. Y., Atlantic Tr. Co. Jan. 1, 1945
1890
1,000
Oct. 1, 1910
Providence, R. I.
100,000
A. & O.
5
J’l y l , ’98,2^%
100
Worcester, Office.
3,099,800 514 in ’ 98 J. & J.
1,000
1886
Boston, Globé Nat. Bk. July 1, 1906
150,000
4
J. & J.
Jan. 1, 1913
1893
1,000
do
do
511,000
J. & J.
4
1,000
Jan. 1, 1930
1890
do
do
735,000
J. & J.
4
1,000
1895
do
do
Oct. 1, 1934380,000
A. & O.
4
1882
Sec.T.&T. Co., York,Pa. Apr. 1, 1932
249,950
5
1894
Sept 1, 1940
do
do
150,000
5 g. M. & S.
1886 10Ó Ac.
2,000,000
6 g. F. & A. Last paid Feb. 1,1889. Feb. 1. 1916»

....
_

Year ending June 30,1897, gross, $20,724; net, $13,302;
charges, $19,669; balance, def., $6,367. In 1895-6, gross, $20,628,
W i n o n a Sc W e s t e r n B y . - Owns from Winona, Minn., to beyond
O s a g e , Iowa, 117 miles. Organized in October, 1894, and purchased
t h e Winona & Southwestern, sold in foreclosure. V. 59, p. 836. Stock
authorized, $2,000,000; par, $100. In July, 1898, the January. 1898,
coupon remained unpaid. E a r n i n g s .— Year 1896-97, gross, $142,597;
net, $13,265; in 1896, gross, $158,559; net, $23,112.—v. 61, p. 578.
W i s c o n s i n C e n t r a l C o m p a n y . — S y s t e m extends from Chicago
to Ashland, Wis., and Lake Superior iron mines, also to St. Paul and
Minneapolis. By the Milwaukee & Lake Winnebago extension to
Manitowoc and the car ferry across Lake Michigan, connecting with
the Flint & Pere Marquette, the Wisconsin Central has a short line to
the East, opened January, 1897. V. 63, p. 117. The system includes:
Wis. Gent. Jilt, owning :
Miles.
Wis. Cent. Go. owning:
Miles.
St. P. Jun. to Abbottsford, W is.157 Neenali to Ashland................. .249
Branch to Bessemer.................. 34 Stevens Point to Portage City. 71
Branches to Eau Claire, etc___ 12 Branches, etc.............................. 32
Spurstoindustries(15m.unop.) 53 Spurstoindustries(39m.unop.) 76
Leasing:
Leasing:
Milw. & Lake Winnebago—
Chicago Wisconsin & Minn.—
Neenah to Sehleisingerville. 64
Chic, to Schleisingerv.,etc...115
Extension to Manitowoc....... 45
Spurs to industries................. 15
Spurs to industries................. 5
Trackage to Cliio., Minn., etc.. 26
Rugby to Milwaukee, e tc .... 29 Packwaukee & M on tello....... 8
Grand total (including spins operated 129 miles and unop. 54 m) .991
P hysical Condition.—Of the 587 miles of main line June 30,1898,
56 miles were 80 lb. steel, 166 miles 70 lb., 355 miles 60 lb. 10 miles
56 lb. The branches (180 miles) were mostly 52-60 lb. stéel. Trestles
June 30, 1898, aggregated 56,964 feet, wooden bridges 2,783, iron
bridges 10,134 feet on main line and branches.
H istory , E tc.—Organized June, 1887. The lease to the Northern
Pacific (see V. 51, p. 713), was canceled. Sept. 25,1893. V. 57, p. 548.
R eceivership .—Sept. 2 7 ,1893, H. F. Whitcomb and Howard Morris
were appointed receivers. Y. 57, p. 557; Y. 60, p. 84.
The constituent lines (Oh. Wis. & M. and Mil. & L. W.) and the Cen­
tral Car Company from April 1, 1897, by temporary arrangement
with the receiver, received the net earnings each of its own property,
after deducting its proportion of all terminal, equipment and other
expenses. In July, 1898, the Court held that pending litigation, with­
out prejudice to leases, the rental paid should continue to be the net
earnings. V. 67, p. 224. (V. 64, p. 903.)
The Chicago Wisconsin & Minnesota, from Sehleisingerville to Chicago
A Northern Pacific terminals in Cook County, 111.,122 miles, was leased m
perpetuity. Rental 37*3 per cent of gross earnings, less its propor­
tion of terminal charges ; but surplus over $350,000 divided equally.
Coupons.—F or last coupon paid on each loan see table above under
‘ where payable.”
R eorganization Committee .—George Coppell, W. L. Bull, John
Orosby Brown, Fred. T. Gates, James O. Colgate and Gerald L.
Hoyt, all of New York. V. 66, p. 530.
Depositary, United States Trust Co., New York. In Oct., 1898, about
$10 013,000 mortgage 5s and $5,298,000 incomes had been deposited.
In April, 1898, receivership proceedings were begun against the
Wisconsin Central RR. under the 1879 mortgage (V. 67, p, 276) ,and in
August, 1898, suit was brought to foreclose the Minn. St. Croix & Wis.
terminal mort. of 1885. V. 67, p. 435, 647 Decree of sale under the
$12,000,000 mort. of 1887 was entered Dec. 27,1897.—V. 66, p. 39.
Improvement Bonds.—Committee: T. Jefferson Coolidge, Chairman,
Ames Building, Boston; Charles R. Batt, National Security Bank, Bos­
ton, and Wm. Pratt Lyman, 4 Post Office Square, Boston. Deposita­
ries, Farmers’ Loan & Trust Co., New York, or Old Colony Trust Co.,
Boston. To July, 1898, $3,450,000 bonds deposited.—V. 65, p. 622,
736, 879. See also V. 67, p. 540, 647.
Stock and Incomes—Committee consists of F. R. Hart, A. H. Hardy
and I. W. Chick, all o f Boston; depositaries, Mauhattan Trust, N. Y.
and Old Colony Trust, Boston.—Y. 66, p. 136; V. 66, p. 530.
S t o c k s .— Pref. (6 p. o. cum.), $3,000,000; oommon, $12,000,000.
Voting power on entire stock is held by Messrs. Colby, Hoyt and Abbot.
B o n d s .— The total issue of Wis. Cent. RR. consol, mortgage, first series,
bonds is $3,675,000, of whioh $1,469,500 in tbe hands of the public re­
ceived interest regularly to July, 1898, and $2,205,500 are held by the
Wis. Cent. Co.; on these latter interest amounting to $270,237 was due
and unpaid June 30,1898. The total issue of second series (incomes) is
$5,314,500, o f which only $12,000 are in the hands of the public.
Upon foreclosure both series share pro rata. See suit V. 67, p. 276, 647.
Improvement bonds of 1891 (total authorized Issue $12,000,000) are
the j®int and several obligations of the Wisconsin Cent’l Co. and Rail­
road Co. Interest was formerly met from income o f the collateral; but
November, 1897, coupons were not paid.—Y. 65, 879. As to reduction
•f rental paid Central Car Co. (whose stock forms the chief part of said
collateral) see V. 64, p. 844, 903. Full statement in Y. 53, p. 22, 757;
Y. 66, p. 57; V. 67, p. 31. Equipment notes of 1896 cover 1,000 cars.
Chicago Wisconsin < Minnesota By.—Capital stock is common, $1,&
040,000; preferred 6 p . c. cumulative, $1,560,000. First dividend on
preferred was declared in Jan., 1896, being 30 per cent, payable in
m sbonsin Central & RR. improvement bonds of 1891, and covering
E

a r n i n g s .—




accumulated dividends toMarch 1,1891. V. 62, p. 185. In November
1895, the Ch. Wis. & Minn, inoome coupons which matured on or b e ­
fore Sept. 1,1895, were paid with interest thereon at 5 p. o. Sept.
1897, coupons were paid when due. (n Sept., 1897, cash dividend of
$12 per share, covering all accrued to March 1,1893, was paid. In­
come coupons were paid March l and Sept. 1, 1898, and company re­
ports net surplus in hand over all current fixed charges and interest on'
Aug. 31, 189*, $283,366. V. 61, p. 924; V. 64, p. 903.
G eneral F inances.—Since the Wisconsin Central Company ow ns
practically all the securities of the Wisconsin Central Railroad, the
entire earnings of both companies went into the Wisconsin Company’s
treasury, from them being paid the total obarges of both companies,
but this ceased upon default of Wis. Cent. Co. on its first mortgage
bonds. July l, 1894, and since this date all underlying securities claim
each its proportion of income. On June 30, 1898, interest amounting
to $3,539,762 was overdue.
Traffic.—Of the 3.541,953 tons carried in 1897-98, 40 per cent w asIron ore, 18 per cent lumber and forest products and 8 per cent ioe;
ton mile-rate, 0'755 of a oent.
E arnings.—Jan. 1 to Oct. 14 (9*2 months), gross, $3,856,726 in 1898 »
$3,494,297 in 1*97.
A nnual R eport .—Receiver’ s report for 1896-97 was in V. 65, p. 776
Years ending June 30—
1898.
1897.
1896.
$4,179,971
$4,399,511
Gross earnings.............................$4,939,725
1,405,775
1,391,194»
Net earnings:.............................. 1,918,918
Other income...............................
59,821
62,175
324,444
Total net...............................$1,978,739
Charges paid by receivers....... 1,469,68 L

$1,467,950
1,566,561

$1,715,638*1,809,932

Balance.............................sur.$509,058
“ Company” balance............sur.$151,839
I Railroad” balance............... sur.$357,219

def.$98,611 def.$94,294
def.$260,212 def.$15,431
sur.$161,60l def. $78,863

* The charges do not include interest on the Wisconsin Central Com ;
panv’s first mortgage 5s of 1887 ($11,265,000 outstanding), and other
bonds in default.-(Y . 67, p. 31, 224, 276, 4 2 4 , 435, 540, 647.).
W is c o n s in
&
M ic h ig a n
R y . — Owns from Faithorn J u n c ­
tion, Mich., on Minneapolis 8t. Paul & Sault Ste. Marie Railway, to
Peshtigo, Wise., 49 miles, with branch, 5 miles. Opened for traffic J a n *
1,1895. From Peshtigo oars are taken by Lake Michigan Oar Ferry
Transportation Co. to Chicago. Extension to Menominee is proposed,
estimated to cost about $575,000; bonds are to be issued therefor.
V. 66. p. 185. In 8ept., 1898, contract for extension from Faithorn
Junction north to Vulcan was reported to be let and contract from.
Vulcan to Iron Mountain, 8 miles, expected to be let shortly. Mort­
gage trustee is Atlantic Trust Co. Stock authorized and issued, $951,500• par value, $100; equipment trusts (Dec. 31, 1896), $180,170?
other unfunded debt, $166,872. Year 1896, gross, $109,021; net,.
$22,873; interest, $49.025, balance, deficit for year, $26,151. Presi­
dent, 8. M. Fischer, Chicago, 111.—V. 66, p. 185.
W o o n s o c k e t Sc P a s c o a g R R . — Owns road from W oonsocket».
R I to Harrisville, 9 miles. Incorporated 1889. Leased to N. Y. A
New’England, but in July, 1896, the New England RR. purchased the
entire capital stock—see V. 63, p. 698. Stock, $200,000; par, $100.
W o r c e s t e r N a s h u a Sc R o c h e s t e r R R . — Owns from W orcester
via Nashua to Rochester, 94 miles. Leased for 50 years from Jan. 1,
1886, to the Boston & Maine; rental $250,000 and taxes.
D i v i d e n d s - ) 1887-93.
’94. '95. ’96. ’97.
1898^
Per cent..........s 6 yearly
5
5
5
5
5*n
Total profit and loss deficit June 30,1898. $427,300. Current liabili­
ties June 30,1898, $150,000.—V. 60, p. 749.
Y o r k . S o u t h e r n R R . — R o a d .— York to Delta and South Delta,
37 miles (standard gauge), with branch from Delta to Peach Bottom,.
Penn 4 miles (gauge 3 ft.). In 1898 control was purchased by Daniel
F. Lafean and associates. Northern Central Ry. filed suit in Septem­
ber, 1898, to stop the sale.—V. 67, p. 488, 540.
Stock a n d B o n d s . -C apital stock is $600,000 (par $50). York and.
Peach Bottom, Series “ A ” bonds are for $47,500, interest A. & O.;.
Series “ B” bonds are for $202,450, interest M. & N.
E a r n i n g s .— 11 m onths,) 1897-8............ Gross, $68,571; net, $26,153
July 1 to May 31.
51896-7............ Gross, 64,289; net, 25,016
For year ending June 30,1897, gross earnings, $68,837; net, $25,405.
In 1895-6. gross $66,267; net, $19,657. President (August, 1898),.
D. F? Lafean.—V. 62, p. 987; V. 67, p. 180, 224, 488, 540.
Z a n e s v i l l e Sc O h i o R i v e r R y . —Owns from Zanesville, O., to Harmar on the Ohio River, opposite Marietta, about 80 miles, including
branches. 3 miles. In Aug., 1889,interest was defaulted and foreclosure
suit was brought. See V. 50, p. 140. On July 19,1892, J. Hope Sutor
was made receiver. See Y. 55, p. 147. Committee of bondholders: H.
B Hollins, August Belmont, H. A. Du Pont, Wilmington, Del.; Harry
F West, Phila., Pa. Sec., J. L. Carroll, care H. B. Hollins A Go., N ew
York Stock, $2,000,000. Total funded debt June 30, 1896, $2,000,000; receiver’ s certificates, $21,000. In year 1897-98, gross, $121,462;
net $10,767; taxes, $4,787; no interest paid on bonds. In 1896-97,.
gross $124,344; net, $19,234. (V. 63, p. a 66.)

MI SCELLANEOUS

COMPANI ES.

The following pages (Nos. 147 to 158, both inclusive) contain the leading industrial companies. Some additional
statements will be found on page 159, while various gas companies not included in either place are on page 160.
Fpll reports of New York and Brooklyn Trust Companies will be found in the C h r o n ic l e of July 30,1898.
Bonds—Princi
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal, When Due
Date Size, or
Amount Rate Per When Where Payable, and by Stocks—Last
Par
For explanation of column headings, &c., see notes on of
Dividend.
Bonds Value. Outstanding Cent. Payable
first page of tables.
Whom.
Adams Express—Stock..................... .......................................
Collateral trust mortgage, gold...................................M e
American Bell Telephone—Stock,$50,000,000, auth. by law
Debentures, $10,000,000, O B .......................................c*
American Coal (Maryland) —Stock.......................................
American Cotton Oil—
-Common stock (see V. 54, p. 7611...
Pref. stock 6 per cent non-cum., sub. to call a t 105.......
Debentures for $5,000,000, subject to call atll0,gol<L6*
American District Teleg.—Stock, $4,000,000 authorized...
American Express—Stock........................................................
American Fisheries—Pref. stock (7% cum. p ref.l.............
American Malting.—Preferred stock (7 p. o. pref,. cum .)..
American Soda Fountain—Common stock.........................
First preferred, 6 per cent cumulative.............................
Second preferred, 8 per cent cum ulative........................
AmeHcan Spirits Manuf.—Common stock, $28,000,000..
Prtf. stock, hon-cum. “ preference limited to 5p. e. div.”
1st M., $2,000,000 g., subj. to call at 105, s.f., 5%, Ma.c*
Amer.Steel < Wire—Pref. stock, 7 per cent cum ulative...
&
American Slrawboard—1st M., gold, call after Feb., 1901.
American Sugar Refining—Common stock, $37,500,000..
Prei. stock, 7 p. c. cum. (not pref. as to assets)...............
1st mortgage for $10,000,000, none issued to June, ’98
American Telegraph < Cable—Stock, 5 per cent rental___
&
American Tobacco Co.—Com. stock, $21,000,000 auth___
Pref. stock, 8 p.o. non-cum.; pref. as to assets anddivs..
Dividend scrip Jan. 1,1897 ($L82,000 is pref. scrip)_
_

$100 $12,000,000 See text. J. & D. New York, 59 Broadw’y June 1,’98, 2%
Mch. 1, 1948
1898 500 &c. 12,000,000
New York.
4 g. M. & 8.
100 25,886,300 15 i n ’98 Q.—J. Boston, Comp’y’s Office. Oct. 15, ’98,3
July 1, 1908
1898
Boston.
1,000
J. & J.
5.000.
000 4
25
1.500.000 9 in 1898 M. & S. N. Y., Office, 1 B’dway. Sept. 1,’98, 5%
100 20,237,100
100 10,198,600 6 in 1897 J. & D. N. Y., Winslow, L. & Co. June 1 ;’98,3%
Nov. 1, 1900
1890
1,000
do
do
3.068.000
8 g. Q —F.
100
3,844,700 See text.
N. Y., Office, 8 Dey St. N’v.16, ’97,1%
100 18,000,000 6 in 1898 J. & J. N.Y.,Co.’s Of., 65 B’way July 1 .’ 98, 3%
Sep. 1,’98,3
5
2.000.
000
12.540.000
Q.-J. 15 N. Y., Office, 80 B’way. O o.l5,’98,l%%
Nv.4,’96,1%%
'Too
1.250.000
Q.—F.
See text
Nv.4,’96,
100
1.250.000
Q .-F .
do
100
Nov. 4 ,’ 96,2%
1.250.000
Q —F.
do
100 28,000,000
New York,
100
7,000,000
do
1895
1,000
Sept. 1,1915.
2.000
000 6 g. M. & S.
do
12,000,000
Chicago Office,Rookery Nov. 1 ,’98,1%
1891
1,000
829,389
6 g. F. & A. Boston,Internat Tr-Co. Feb. 1, 1911
100 36.968.000 12 in ’98 Q .-J N. Y. Office, 117 Wall St, Oct. 3. ’98, 3%
100 36.968.000 7 in 1898 See text
Oct. 3, 1898
do
do
1,000
6
J. & J, N. Y., Central Trust Co, Jan., 1911
100 14.000.
Q.—M. N. Y., West. Union Tel, Sept, ’98,1*4%
000 5
50 21.000.
8
000in 1898 Q .-F . N. Y., Farm. L. & Tr. Co, Nov. 1, ’98,2%
100 14,000,000 8 in 1898 Q —F.
Nov. 1 ,’9 8 ,2%
do
do
Co.’ s option.
M. & N,
6
3,762,000
do
do

A c e t y le n e .—A patented gas, easily transported in tanks. It can '
be combined with ordinary gas—see Electro Gas V. 61, p. 1107, N. Y.
Carbide & Acetylene V. 61, p. 1155 and Union Carbide, V. 66, p. 762.
A d a m s E x p ress.—Organization .—An association formed in 1854
but not incorporated, operating on about 28,000 miles of railroad, in­
cluding Penn., C. B. & Q., Ches. & Ohio, N. Y. N. H. & H., etc.
B onds.—In March, 1898, the company’ s treasury securities, having
a total value of $12,400,000. were pledged with the Mercantile Trust
Co. to secure (subje't to the prior indeinnitication of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 per cent
bonds. These last were then distributed among the shareholders as a
100-per cent dividend. See further particulars V. 66, p. 470.
D ividends .—The dividends, for many years 2 p. o quarterly, were
reduced in 1898 on payment of the 100 p. o. dividend in bonds to 2
per cent semi-annually, payable in June and December. The first
semi-annual dividend was paid June 1.—See V. 66, p. 470, 952,1235.
A lbem arle Sc Ches. C an a l.—See Supplement o f January, 1898.
A m erican B e ll T elep h on e Co.—On Aug. 20, 1898, the com­
pany had 1,036,541 instruments in use in hands of licensees, against
854,17i in 1897. On Jan. 1, 1898, there were 626,400 miles of
wire, against 536,845 miles in 1897; number of stations was 384,230,
against 325,244 in 1897. The American Telephone & Telegraph Co.
oontrols the long distance lines; its capital stock is $25,000,000,
increased from $20,000,000 in Sept., 1898. V. 67, p. 426, 577.
In June, 1898, $5,000,000 debentures (4s), dated July 1,1898, were
«old, o f which $2,000,000 to refund 7s maturing Aug. 1, 1898, and
$3,000,000 for construction. V. 66, p 1138; V. 67, p. 72.
D ividends —
J 1888-91. ’92.
’93. ’94. ’ 95. ’ 96. ’ 97. ’ 98.
Per cent.
i 18 y’rly. 15
18 1 6 ^ 15 15
15
15
In 1898, Jan., 4 1 p. c . ; Apr. 3 p. c.; July, 4 1
«
ap. c,; Oot., 3 p. o.
A nnual R eport.—For 1897, with balance sheet, in V. 66, p. 662.
Year ending Dec. 31.
1897.
1896.
1895.
1894.
Total gross earnings.......$5,130,844 $5,547,429 $5,124,952 $4,848,244
Bur. over interest, ch’ges 4,169,674 3,383,581 3,213,759 3,123,785
Paid dividends................. 3,682,948 3,361,233 3,132,453 3,000,000
Office .—Boston, Mass.—(V. 66, p. 182, 6 6 2 ,8 9 9 ,1 1 3 8 ; V. 67, p. 72,
426, 481, 577.)
A m erican Cereal C o .—V. 67, p. 36 8.
A m erican C oal.—Coal mines at Barton and Lonaconing, Mary­
land. Dividends 1894, 6^3 p. c.; in 1895, 7; in 1896, 8; in 1897, 8;
in 1898, Mar., 4 p. c.; Sept., 5 p. c. N. Y. office, No. 1 Broadway.
A m erican C otton O il.—Organization .—Incorporated Oct. 12,
1889, under the laws o f New Jersey, to succeed the American Cotton
Oil Trust, of which it was a reorganization. Owns 74 crude oil mills, 14
refineries, 4 lard plants, 9 soap factories, 14 cotton ginneries, 3 cotton
compressors and 5 fertilizer factories; in all 123 properties; Aug. 31,
1897,19 of the properties were dormant and 24 dismantled.
Capital Stock .—Common authorized, $20,237,100; preferred, $14,
562,300. See pref. certificate in editorial of May, 1893, Supplement .
D ividends , E tc.—Preferred stock June, 1892,-to June, 1898, both
inclusive, paid 6 per cent per annum (3 p. c., J. & D.). Debentures—
V. 62, p. 867.
'
R eport .—Year ends August 31. Annual meeting first Thursday of
December. Report for 1896-97 at length in V. 65, p. 975, 983.
Preliminary report for 1897-98, it is slated, shows net profits of
$7••0,000 for common stock, against $403,000 in 1896-7.—V. 67, p. 735.
For the year ending Aug. 31,1897, the profits of the whole business
were $1,542,673 less expenses of administration, interest on bonds, &c.,
$527,593; balance, net income, $1,015,080; dividends paid, $611,916;
bal., surplus for year, $403,164, against deficit of $277,117 in 1895-96.
Profits: Year 1892-93, $1.800,040; in 1893-94, $1,428,152; in 1894-95,
$1,565,862; in 1895-96, $886,431; in 1896-97, $1,542,673.
Officers .—President, G. A. Morrison; Sec. and Treas., Justus E.
Ralph. Office, 46 Cedar St., N. Y.—(V. 65, p. 9 7 5 , 9 8 3 ; V. 67,p. 735.)
A m erican D istrict T eleg ra p h .—See page 159.
A m erican Electric H e a tin g .—See this Supplement , page 159.
A m erican E x p ress.—An “ Association” formed under the laws
o f New York State in 1859 and 1868. Not an incorporated company.
Dividends, 6 p. c. per ann. since 1882. President, J. C. Fargo, N. Y.,
Treas., Charles G. Clark. Office 65 B’way, N.Y. City. (V. 56,p. 500,578.)
A m erican F ish eries Co.—Incorporated at Trenton, N. J. Jan. 8,
1898, to consolidate the menhaden oil factories on the Atlantic Coast.
—See V. 66, p. 132. Capital stock $8,000,000 common and $2,000,000
preferred. President, Charles J. Canda; John J. MoAuliffe, Secretary.
•Offices, 135 Front St., N. Y.—V. 66, p. 80,132, 286; V. 67, p. 317, 369,
A m erican G rocery.—See page 159.
A m erican M a ltin g Co.—Incorporated in Sept., 1897, in New Jer'
sey to consolidate about twenty malting properties—see V. 65, p. 619Stocks.—Authorized, $15,000,000 each common and preferred; is­
sued, common, $13,750,000: preferred, as in table. Dividends—On
pref. paid first dividend of l§ip. o. in Jan., 1898; April, 1 % p. c.; Julv.
1% p. c.; Oct., 1% p. c.—V. 65, p. 1218: V. 66, p. 898.
Officers .—President, A. M. Curtiss; First Vice Pres’t, C. A. Purcell;
Bec’y, John J. Treacy; Treas’r, E. R. Chapman. N. Y. office, 80 B’ way.




A m erican Soda F o u n ta in .—See page 159.
A m erican Spirits M a n u fa c tu rin g .—Organization .— In cor­
porated in New York August 22,1895, and purchased the best of the
Distilling & Cattle Feeding property, per p la n in V. 60, p. 4 8 0 ; V. 64,
p. 81. The sixteen distilleries held are as follow s: (1) Owned in fe e
(both land, buildings, etc.), Central of St. Louis, Riverdale and Shufeldt of Chicago, St. Paul of South St. Paul, Star & Crescent of Pekin,
111., Woolner (2) of Peoria, 111. (2) Land half owned, half leased,
Latonia of Milldale, Ky., (3) Buildings, machinery, etc., owned, but
^»risheld underlease; Great Western, Manhattan,Monarch.Northern
Peoria, all o f Peoria, 111.; W iibash of Terre Haute, Ind., Maddux,
Barker of Cincinnati, Hamburg of Pekin. In July, 1896, the daily
capacity of the above plants was stated to be 47,400 bushels, or
228,000 gallons of distilled spirits. See V. 63, p. 152.
In June, 1898, the Standard Distilling & Distributing Co., with $24,-:
000,000 stock, was formed to consolidate all the leading distilling in­
terests outside of the Amer. Spir. Mfg., with which harmonious ar­
rangements had been made. V. 66, p. 1141,1190. V. 67, p. 632.
See also Spirits Distributing statement in this Supplement .
Stock . On New York Stock Exchange $27,807,520 common and
$6,951,880 preferred had been listed to July 19,1898.
B alance Sheet .—The balance sheet May 31,1896, was :
Properties at cost.......$36,330,372 Accounts payable.......
$14,800
Bills receivable..........
75,683 Bills payable...............
250,000
Accounts receivable..
830,890 Real estate mort.notes
105,000
Spirits Distrib. C o ....
175,900 Contingent....................
180,187
172,603 Accrued charges........
Spirits in process.......
39,197
Unexpirea insurance.
22,825 First mortgage bonds. 2,000,000
Cash.............................
128,038 Capital stock............... 35,000,000
Cash' held for bonds...
109,334 Surplus.........................
256,461
Total assets............ $37,845,645
Total liabilities.......$37,845,645
Officers .—President, S. M. Rioe; Sec. and Treas., T. H. Wentworth.
Office, Commercial Cable Building, N. Y. (V. 67, p. 323, 632.)
A m erican Steel C astings C o.— / . 67, p. 2 6 .
A m erican Steel Sc W ir e .—Incorporated in Illinois in March*
1898, to consolidate a number of the leading wire and steel rod manu­
factories in the United States. For list of plants see statement to N. Y.
Stock Exohange in V. 67, p 632. Tbe capital is $12,000,000 of 7 per
cent cumulative preferred and $12,000,000 common, all issued. Bonds
assumed on consolidation: Baackes & Co. plant Cleveland, Ohio, $17,000; Beaver Falls, Pa., plant, $225,000, and Allentown, Pa., plant,
$150,000. Estimated producing capacity 700,000 to 800,000 tons.
The seven plants of the Consolidated Steel & Wire Co. of Chicago are
among those acquired. See particulars in V. 66, p. 615. First div. on
pref., 1% p. o., paid Aug. 1,1898; V. 67, p. 72. Nov. 1 ,1 8 9 8 ,1 \ p. c.
Officials .—Chairman, J. W. Gates; President, John Lambert; Treas­
urer, E. T. Schuler; Sec., E. J. Buffington; Ass. Sec. forN . Y., F. E. Pat­
terson. General office, “ The Rookery,” Chicago, 111.—V. 67, p. 72,632.
A m . Straw B o a r d .—Stock, $6,000,000; par, $100. See page 159.
A m erican Sugar R efin in g .—A N. J. corporation, successor in
Jan., 1891, of the Sugar Refineries Co.organized in 1887. Reorgan­
ization plan, V. 51, p. 609. Capital stock, originally $50,000,000,
was increased in Jan., 1892, to $75,000,000, to acquire the capital
stock of the four Philadelphia refineries and a controlling interest in
the Baltimore refinery. Spreckels’ s refinery in California is under a
lease for ten years to the “ Western Sugar Refining Co.,” of which
the “ trust” owns one-half the stock. Beet-sugar interest acquired
in April, 1897, see V. 64, p. 841; coffee plants, V. 63, p. 1157; V. 64,
p. 40.) As to beet sugar refineries in United States, see V. 66, p. 132.
In February, 1897, officially stated to supply about 77 per cent.,
(1,330,000 tons) of the output of refined sugar in theU . 8., as against
90 p. c. formerly.—V. 64, p. 328; V. 65, p. 1069; V. 67, p. 632.
D ividends .—P. c t .) ’91. ’92. ’93. ’94. ’95. ’ 96. ’97.
’ 98.
Common .......... >
4
lO 1 21!2 12
^
12
12
12
12
Preferred.......... ) 7 p. c. yearly to date; part Q.—J., part J&J.
In 1898, common, Jan., 3 p. o.; Apr., 3 p. c.; July, 3 p. o.; Oct., 3 p. c.
R eport .—No recent report has been made. Under war revenue bill,
annual gross reoeipts in excess of $250,000 are taxed one quarter per
cent. V. 66, p. 1187. For annual meeting in 1898, see V. 66, p. 132.
B alance Sheet —
Dec. 31, ’97.
Dec. 31, 96.
Dec. 31, ’ 95.
Real estate and machinery. $37,691,871
$43.140,770
$43,140,709
Cash and debts receivable. 25,882,504
21,778,447
24,674,293
Improvement account........
............
IT6,618,003
6,287,232
Investm’ts in other comp’s. 30,347,657
28,251,435
25,692,000
Sugar, raw and refined...... 22,489,384
13,864,207
12,462,777
Total assets.
,$116,111,416 $113,652,862 $112,257,021
Capital stock...
. $73,936,000
$73,936,000 $73,936,000
Debts.................
. 31,150,525
27,530,942
25,139,765
Reserves............
11,024,891
12,185,920
13,181,256
• Total liabilities............. $116,111,416 $113,632,862 $112,257,021
1 Chargeable to t h e r e s e r v e s ,” reducing them to $5,567,917in 1896.
T
D irectors .—H. O. Havemeyer, Ohas. H. Senff, F. O. Matthiessen,
J. E. Searles, Wm. Dick, W. B. Thomas, John E, Parsons. Treasurer,
Jphn E. Searles. N. Y ., office, 117 Wall St. (V. 67, p. 632.)

US
S u b s c r ib e r s w i l l c o n fe r a g r e a t fa v o r

INVESTORS’

SUPPLEMENT.

fVoL. LXVII.

b y g iv in g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in tb e s e T a b le s .

Bonds—Princi­
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
Date Size, or
Amount Rate Per When Where Payable, and by pal, When Due.
Stocks—Last
Par
of
For explanation of column headings, &c., see notes on
WTiom.
Dividend.
Bonds Value. Outstanding Cent. Payable
first page of tables.
$600,000
6 g. M. A N. N.Y., Mercantile Tr.Co. May 1, 1926
American Type Founders—Debentures,$1,000,000, gold.o* 1896 $500&c.
From Dayton by check. June 15,1893
100
1,000,000
Barney < Smith Oar—Common stoox..................................
6
2 p. o. paid Mar. 1, ’95. Mar. 1, 1895
2,500,000
100
Pref. stock. 8 p. o. cum., pref. as to dividends on ly........
New York.
July 1, 1942
1892
1,000
J. & J.
1,000,000
6
1st mort., gold, subject to call at 110 after July 1,1902..
9,000,000
5 g. J. & J. N.Y., Merci. Tr.&Lond. Jan. 1, 1939
Bay State Gas—Boston Un. Gas 1st M.,s.f.,oall at 105,g.o 1889 50Ó Ac.
Jan. 1, 1939
do
do
1,000
J. & J.
3,000,000
5 g.
do
do
2d M., gold ($4,000,000)..................
1899
do
do
M. & N.
1,000
2,000,000
7
Bay State Gas Incomes........................................ .......... .
Text. Boston,180 Summer St. Feb. 1, 1947
31«
Boston Terminal Oo.—1st mortgage, currenoy.O B .-.o & r 1897 l,000Ac 12,000,000
New York.
Aug. 1, 1948
1,000
6,500,000
1898
5 g- F. A A .
Brooklyn Ferry—Consol, mortgage, $7,500,000............. o
100 15,000,000 6 in 1897 J. & D. B’klyn, 180 Remsen St. June 1,’9 8 ,3%
Brooklyn Union Oas—Stock, $15,000,000...............-----1,000 13,081,000
5 g. M. A N. B’klyn, People’ s Trust. May 1, 1945
1st con., $15,000,000, g.(for underlying bonds see text) 1895
2,500,000 6 in 1898 Mar. 1 N. Y., Off., 68 Broad. St. Mar. 1,’98,6%
BrooklynWharf < W. Oo.—Preferred “ A ” 6 p. o., cu m .... . . . .
&
5,000,000
6
Preferred “ B” 6 per cent, cumulative.......................
1,000 17,500,000
5 g. F. A A. N. Y., U. S. Mort. A Tr. Feb. 1, ¿945
1st M., gold, $17,500,000
................... o*<fcr 1895
Oct. 1, 1947
Hew Y ork City.
1,000
5,250,000
5 g. A. & O.
Buffalo City Gas Co.—1st M., red. at 115,N. g . . . . . . , - - . c 1897
50 16,000,000
Cambria S teel-Stk. (First $1 50 p.sh. due abt. D ec.l, ’98)
Oct. 1, ’98, 2%
Philadelphia.
50
4 in 1898 A. A O.
7,974,550
Cambria Iron—Stock...............v ViSCo**’
July 1, 1917
do
do
1,000
2,000,000
6 g. J. A J.
Bonds, $2,500,000, g., red. at 102 after July 1,1902.... o* 1897
Aug. 15 Kan. City, Co.’ s office. Oct.15,’98,11*
100
5
1,500,000
Central Coal < Coke—Preferred stock, cum., 5 p. c ..........
£
500
1890
560,000
6 g. Q —F. \. Y., Chase Nat. Bank. May 1, 1900
Keith & Perry gold M., s. t , $40,000 yearly . . . . . . . . . . . .
«%
100
7,917,600 See text. Q .-J . N. Y., Office, 37 Wall St. Oct.8,’9 8 ,l1
Central <t South American Telegraph—Stock $8,000,000..
July 1, 1916
See text.
2,602,950 See text. J. A J.
Chesapeake < Delaware Canal—1st M. (extended In 1886)r 1886 500, &o.
6
N. Y „ Office, 40 Wall St. July 1,’98,4%
100
6,500,000 8 in 1898 J. A J.
Chicago Junction Railways < Union Stock F a ra s-S tock..
k
O ct.l,’98,Hfl%
do
do
100
6,500,000 6 in 1898 Q .-J .
Preferred, 6 per oent cumulative, pref. also as to assets.
1,000 10,000,000
6 g. J. A J. N.Y., Cent. Tr.; London. July 1, 1915
Collateral trust bonds, gold, $ or S . . . . . . . . .
® 1890
J. & J. N. Y., Office, 40 Wall St. July 1, 1907
1892
1,000
5
2,575,000
Income bonds, 5 p. ot., non-cum., subj. to call at par..c
Jan. 1, 1903
do
do
J. A J.
400,000
5
Notes for Ch. Ham. & West., subjeot to call.................... 1898
Sc C a b l e . — Owns two cables between Nova
England. Leased until 1932 to Western Union—which see.
A m e r i c a n T h r e a d C o.—Incorporated In New Jersey March 10,
1898 to consolidate the leading thread properties of the country other
than’ those held by J. A P . Coats (Coats Thread Co.) The English
Sewing Co?, formedin the fall of 1897, will take 60 per cent o f stock,
and thus have control of the American Thread, which will manufac­
ture cotton, linen, silk, w ool and other threads. Arrangements with
the Coats Thread Co. are expected to enable both coiubinations to do
a orofltable business. Stock, $6,000,000 com mon; $6,000,000 prefer?ed76 per cent; par of each?$5-00. Bonds, $6,000,000 (4 s ).-V .
66, p. 519, 899; V. 67, 318.
A m e r i c a n T o b a c c o C o m p a n y . — Organized In 1890 under laws
o f New Jersey to manufacture and sell tobaoeo.—See V. 64, p. did .
Stock —Preferred is 8 per cent, non-oumulatlve, a*hd has preference
also as to “ assets” in case of liquidation. See pref. certificate in
Editorial of May, 1893, SnrrLRMBitT. Pref. stock [ ^ • ^ ° - ? ° i?ooUth0r‘
izedl was listed in Sept., 1890; application in full in V. 60, p. 838.
In October, 1898, Brown and Drummond plants of St. Louis, Mo.,
were acquired for about $4,717,000. See V. 67, p. 688, 788.
In June, 1898, $3,100,000 common stock, issued for extensions and
to provide additional working capital, were listed on the N. Y. Stock
Exchange, making the total authorized $21,000,006 outstanding. V.
66. p. 1138. In Ootober, 1898, issued $2,065,000 pref. stock, raising
total to amount authorized, $14,000,000. V. 67, p. 841.
The dividend scrip issued May 1,1896, for 20 p. o. acrip dividend on
common stock, “ is payable in cash, or convertible into the com. stock
o f the company at par, at the option of the company. The scrip bears
interest at 6 p. o., payable “ only out of the net earnings of the company
left after the annual payment o f 8 p. c. dividend on the pref. stock.
D ividends .— 1891 to 1895.
1896.
1897.
1898;
Common
. . . 12% yearly.
6& 20% scrip.
9
8 (2%Q.-F.)
M e M : : : : . . . 8«/oyearly (2% quar.) to Nov., '98, inclusive.
Annual R eport for year ending Dec. 31, 1897, was in V. 66, p. 950:
Net Earns. Div.onPref. Div.onOom . Int.on scrip. Surplus.
12 Mos Net barns, ujv.-------(8%)$!,432,000 $214,800 $1,563,300
$969.360
1897..
.$4,179 460
(9%) 1,616.460
143,200
864,177
969,360
1396. .. 3,593,197
(9%) 1,611,000
1,402,081
958,440
1895..
. 3,971,521
GENERAL BALANCE SHEET DEC. 31, 1897.
Stock and scrip.......... $33,597,000
Real estate, plant, pa-_______
600,340
tents, trade mks, A c..$37,468,184 Div. payable Feb. 2,’98
242,700
Stocks in foreign co’s. 1,264,655 Accounts payable, etc.
Commissions payable.
284,024
Cash.............................. 1,538,752
Advertising fund.........
117,323
Bills and accounts re___
oeivable.................... 2,017,645 Surplus......................... 7,447,849
Total liabilities........$42,289,236
Total assets............$42,289,236
Officers .—Pres., James B. Duke ; Sec., Josiah Browne ; Treas., Geo
Arents? N. Y. office. 507 West 22d St. (V. 67, p. 688, 787, 841.)
A m e r i c a n T y p e F o u n d e r s C o , — S e e this Supplement , p . 159
A t l a s T a c k . — S e e Supplement of Jan., 1898.
A t c h i s o n & E a s t e r n B r i d g e . — V . 6 6 , p. 520,1236 ; Y . 67, p. 578
B a y S t a t e G a s C o . — Stock, $50,000,000; par, $50. See p. 159.
B a r n e y & S m i t h C a r . — Incorp’d in-1892 in West Virginia. Divi­
dends on com., in '93, 5 p. o.; on pref. 8 p. c. till Mar., '95; since, none,
B e t h l e h e m I r o n C o . — V . 67, p. 71.
B o s t o n E l e c t r i c L i g h t C o .—V. 67, p. 2 7 2 .
B o s t o n T e r m i n a l C o . — In October, 1898, was rapidly completing
a Southern Union Depot in Boston. Boston & Albany, New England,
Boston & Providence, Old Colony and N. Y. N. H. A Hartford RR. Cos.
each owns one-firth of the $500,000 capital stook and will pay as rental
in monthly instalments sums sufficient to pay all expenses, charges,
interest on bonds and 4 per cent on stock. These companies are
Jointly liable for any deficiency in case of foreclosure. The mort­
gage of 1896 provides that bonds “ may from time to time be issued to
Sie amount necessary to provide means to enable the company to
oarrv out the purposes of fts oharter” , at not exceeding 4 p. o. interest;
reg. int. payable Q.—F.; coupons F. A A.—(V. 66, p. 183, 334.)
B r o o k l y n F e r r y . — rganization .—Owns ferries from Roosevelt
O
St Grand 8t. and 23d St., New York, to Broadway, Brooklyn, and
from Grand 8t., New York, to Grand St., Brooklyn; ai«o leases from
lOth St. and 23d St., N. Y., to Greenpoint, Brooklyn. V. 67, p. 273.
Securities .—Authorized issue of consol# is $7,500,000, of which $1,000 000 held to retire an equal amount of lsts due 1911 of former N.
Y & Brooklyn Ferry Co. Capital stock is $7,500,000. Mortgage
covers valuable real estate in Brooklyn, much of it on the water front,
and 16 steel boats. V. 67, p. 370.
B r o o k l y n U n i o n G a s . — Incorporated in New York State Sept
8 1895 to supply gas and eleotrioity. A consolidation of the seven
gas companies of Brooklyn, namely: Brooklyn Gas Light, Metropoli
ten G L., Fulton Municipal Gas, Williamsburg G. L., Nassau G. L.
Citizens’ and People’s Gas Light companies. See plan Y. 61, p. 831, and
full statement in June. 1896, to N. Y. Stock Exchange in V. 62,p. 1141.
Acauired Equity Gas, Jamaica G. L. and Woodhaven G. L. cos. in 1897,
Contract—Under flve-Tear contract with city in 1897, city receives
gas at $1 per 1,000 cubic feet for first year, and reduction of 2 oents
tier 1 000 each year, paying 90 oents the last year. Private consumers
begin at $1 20, with reduction of 5 cents yearly, to $1.—V. 64, p. 887,
D ividends .—In 1896, 6 p. e.; in 1897, 6 p, 0.; in 1898, June, 3 p.
A m e r ic a n T e le g r a p h

Scotia




B onds.—Mortgage of 1895 is for $15,000,000 of bonds, subleet to :
Bonds.
Interest. Outstanding.
Maturity.
Citizens’ Gas, consol, m ort... 5% F. A A. $390,000
Feb. 1,1940
Union Gas Light consol........ 5% J. A J .
241,000
Jan. 1,1920
Fulton Municipal Gas, 1st M. 6 % J . A J .
197,000
Jan. 1,1900
939,000
Apr. 1, 190q
Williamsb. G .L ., 1st mort___ 6% A. A O .
Pres., James Jourdan; Treas., E. R. Chapman; Sec., E. Ludlum. (V.
64, p. 887,1223.)
B r o o k l y n W h a r f Sc W a r e h o u s e .—Organization .—Incorpor­
ated Jan. 21, 1895. Owns water frontage in Brooklyn opposite New
York City 11,532 feet and leases 2,837 feet. See description V. 60, p.
927. As to Robinson Stores, etc., see V. 63, p. 115, 701. As to agree­
ment to reduce charges in Oct., 1898, see V. 67, p, 842.
Stock.—Capital stook (par, $100); common, $5,000,000; prfd., series
A, $2,500,000; prfd., series B, $5,000,000. Preferred stocks “ A ” and
“ B ” are 6 p. 0. cumulative, but oarry no right to vote. No dividends
on. common till a surplus o f $500,000 shall havo boon accumulated#
D ividends .—On preferred “ A ” in 1 8 9 6,6 p. o.; 1897, 6; 1898, 6.
B onds.—U. 8. Mort. & Tr. Co. is trustee. V. 59, p. 1006; V. 60, p. 176.
A nnual Report ,—Report for year ending Jan. 31,1898, was given
in V. 66. p. 425; gross, $2,092,586; net, $1,042,074; interest, $875,000; balance, surplus, $167,074. In 1896-97: Gross, $1,859,190; net,
$1,010,756. Surplus Jan. 31,1898, $216,404, ag’nst $221,481 in 1897.
Officers .—President, Thomas A. McIntyre; Treas., William A. Nash;
Sec., 8amuelTaylor. (V. 65, p. 366; V. 66, p. 4 2 5 ; V. 67, p. 842.)
B r u n s w i c k C o m p a n y .—See page 159.
B u f f a l o C ity G a s . — A N. Y. corporation, organized in N ovember.
1897, as a consolidation of all the gas companies of Buffalo, N. Y., ex
oept the predecessor of the People’ s Gas Light & Coke Co., with whioh
in August. 1898, negotiations for consolidation were pending under
plan in V. 67, p. 124, 427. Stook $5,500,000 (par $100). Y ear
ending Sept. 30, 1898, net, $310,153. Pres., Emerson MoMillin, N.Y.—
V. 67, p. 124,427.
C a l u m e t Sc H e c l a M i n i n g . — S e e report, 1897-98.—V. 67, p. 220.
C a m b r ia S t e e l — C a m b r i a I r o n . — S e e this S upplement , p. 159.
C a n t o n C o m p a n y . — S e e Supplement , April, 1897.
C entral Coal Sc Coke Co. o f K a n sa s C ity, JMo.—See page 159.
Central Sc South A m erican T eleg ra p h .—Owns cable line from
Vera Cruz, Mexico, to Valparaiso, Cmli, 4,750 miles, and land lines
350 miles, etc. Also the Trans-Andine telegraph lines, 1,200 miles,
purchased in 1891, and connecting Valparaiso with Buenos Ayres.
Connects at Vera Cruz with Mexican Telegraph Co., and owns an in ter­
est in cable between Galveston and Coatzacoalcos, 825 miles, eto.
D ividends , > 1885.
'86.
'87.
’ 88-’96.
’ 97.
'98.
Percent.
$ 4
4
6
7 y’rly
6%
6
In 1890 20 per cent in stook.
E arnin« s.—For year ending Dec. 31, 1897, gross, $825,189; n et,
$506 999; dividends (7 and 6 per oent), $502,164; balance, surplus fo r
year, $4,835. Office, 37 Wall St., N. Y .-(V . 65, p. 666.)
C e n t r a l U n i o n T e l e p h o n e . — S e e this Supplement , p. 159.
C h e s a p e a k e Sc D e l a w a r e C a n a l . — S e e Supplement , Jan., 1893.
C h e s . Sc O h i o C a n a l . — See Supplement 1890 & V. 62, p. 84,1138.
C h i c a g o G a s . — S e e People’ s Gas Light & C o k e C o .
C h i c a g o J u n c t i o n R a i l w a y s Sc U n i o n s t o c k Y a r d s . — Or ­
ganization .—This company, incorporated in 1890 under the laws of New
Jersey has purchased 98 per cent of the stook of the Union Stook Yard
& Transit Company of Chicago. The property thus .controlled consists
of 470 acres of land (with one mile of water front) containing in De­
cember 1896, warehouses, sheds and pens to accommodate 75,009
head of cattle, 300,000 hogs, eto. In August, 1897, purchased Chicago
Hammond & Western RR., and April 1,1893, merged it in Chicago
Junction Ky. See Chicago Junction Ry. Co. among “ Railroads.” In
Aug., 1898, the Ghic. Cattle LoanOo. was organized. V. 67, p. 417,481.
agreement with P ackers .—Under a fifteen-year agreement dating
rrom July 1, 1891, the Chicago packers, Messrs. Armour, Morris ana
Swift ana others, guarantee to give this company the business of pack­
ing all live stook slaughtered by them within 200 miles of Chioago.
See V. 54, p. 328, 923; V. 55, p. 99,297.
Dividends .—On preferred, 6 per oent yearly to date. On oommon
in 1891,10; 1892, to July 1,1898, inclusive, 8 p. o. yearly.
B onds —The collateral trust bonds are secured by deposit with the
Central ’Trust Company, trustee, of over 90 per oent of the stock
of the Union Stook Yard Transit Company. The incomes oarry
■nfArnnt after Davment of interest on the collateral trust bonds and the
6 per cent dividend on the preferred stock. See V. 54, p. 328, and
application to list in V. 66, p. 1043. Incomes.—Coupons paid—Janu­
ary 1894. to July, 1898, inclusive. Notes for $400,000 were issued
1898 to purchase capital stook ($2,000,000) of Chi. Ham. A W. RR.
A nnual R eport .—Fiscal year changed in 1897 to end Deo. 31; an nual meeting second Thursday in February. Report in V. 66, p. 380.
1894-95.
1895-96.
Dividends of U. S. Y. Co., Ac..........$1,705,796 $1,701,509 $1,700,494
79,894
23,620
Balance previous y e a r .................
26,987
115,743
70,932
General expenses, rents, Ac............
do,378
641,025
637,850
Interest on bonds.............................
633,025
910,000
910,000
Dividends..........................................
90,000
90,000
Depreciation ..................................
u u .u u o
Balance, surplus........................... —

$43,380

$16,347

$28,620

O c t o b e r , 1898.1

MISCELLANEOUS STOCKS AND BONDS.

149

nds—
Princl
INTEREST OR DIVIDENDS.
pal,When Due*
Date Size, or
Stocks—Last
Amount
Rate per When Where payable, and by
Par
For explanation of column headings, &c., see notes on of
Outstanding Cent. Payable
Dividend.
Whom.
Bonds Value.
first page of tables.
N.Y.,Office— Church St Oct.15,’9 8 ,1*2
$100 $3,829,100 6 in 1897 Q.—J.
Olaflin (H .B .) Company—Common stock...............-------Nov. 1 ,’98,H *
do
do
2,600,300 5 in 1897 Q .-F .
100
ls tp re f. 5 per cent, gold, cum— <pref. as to princl-)
Nov. 1, ’98, l 1
«
do
do
2,570,600 6 in 1897 Q .-F .
100
2d pref. 6 per cent, cumulative.... i pal and dividends. $
Feb.20,’97,4%
New York.
2,000,000 See text. F. & A.
100
Colorado Fuel <t Iron—Pref. stock, 8 per cent, cumulative
N.Y.,Knickerbocker Tr. Feb. 1, 1900
2.850.000
6 g. F. & A.
1,000
Col. Coal & Iron 1st consol. M., gold, s. f., not drawn..c* 1880
’ 6 g. M. & N. N. Y., Atlantic Trust Co. May 1, 1919
920.000
1,000
Colorado Fuel Co’s gen. mort., gold, s. f. red. at I 1O..0* 1889
2.618.000
5 g. F. & A N.Y., Chase Natl. Bank Feb. 1, 1943
1,000
1893
Col.Fuel & Ir. gen.M. ($6,000,000) g.,s.fd.,red. 105.c*&r
Sept. 1, 1899
New York.
M. & 8.
6
400.000
do
Collateral trust loan................ - - — -------- 1897
769.000
6 g. A. & O. N. Y.,Knickerbocker Tr. July 1, 1919
1,000
Grand River Coal & Coke 1st mortgage, gold, see text.c* 1889
July 1, 1909
New York.
J. & J.
700.000
5 g.
1,000
Col. Coal & Iron Devel., 1st M., g., gu., red. at 105.o*<Jcr 1889
930.000
5 g. J. & J. N. Y.. Central Trust Co. Jan. 1, 1917
1,000
Ool.d Hock. Coal <t Iron—1st M.g.(old 6s int. reduced) C.o* 1887
N. Y., 253 Broadway. O ct.1’98,1%96
100 10,000,000 8 in 1898 Q —J.
Commercial Cable—Stock ($10,000,000)........................... -4 g. Q —J. N. Y., F.L.& T.Co. & Off Jan. 1, 2397
100 &o. 11,172,100
First mortgage, gold— . . ......... ....c<fcr) $20,000,000 \ 1897 £ 1 &0.
Off., London, England. Jan. 1, 2397
£992,038
4 g. Q .-J .
Do deben. stock £ (same lien as bonds. \
< 1897
Sept. 1, 1919
4 g. M. & N. N. Y.—when earned.
Comstock Tunnel—Income, non-cum. ($3,000,000),gold, c 1889 500 &o. $1,908,000
June 1,’98, 2^4
Baltimore.
100 10,770,968 See text. J. & D.
Consol. Gas o f Baltimore City—Stock..................................
1900 & 1910
First Nat. Bk., Balt,
Text.
6
4.600.000
500 &o.
Prior lien bonds, see text (2 issues)....... ......................... 0
July 1, 1939
do
do
2.182.000
1,000
5 £• J. & J.
Consol. 1st M., gold, $ 7 ,0 0 0 ,0 0 0 ...,.-..-..................... 0 1888
36.730.000 8 in 1897 Q.-M.15 N. Y., Office, 4 Irving PI. Sep. 15,’98, 2%
100
Consolidated Qas (N x .)—Stock—see te x t... . . . . . . . - ....... .
June 1, 1898
do
do
J. & D.
6
250.000
1.000
Knickerbocker Gas Light, 1st mort., sinking fu n d ... .0 1878
F. & A, N. Y., Farm. L. & Tr. Co. Aug. 1, 1901
6
658.000
Metropolitan Gas Light Co., 1st mortgage.................. 0 1881 500 &c,
M. & N, N. Y., Office, 4 Irving PI. May 1, 1908
5
1.500.000
1,000
1888
Debentures............................... - ......................................... r
By oheok fr. N.Y. office, Aug.15,’98,1%
6.500.000 See text.
Consolidated Ice—Common s to c k ......................................
Oct. 15,’98, l 1
«
do
do
3.500.000 6 in 1897 Q .-J .
Stock, preferred, $3,500,000, 6 per cent, cumulative.
1.255.000
Mortgages of sub-companies. See V. 65, p. 461............
100 10.250.000 2 in 1898 Feb. 1 N. Y ., Guaranty Tr. Co Feb. 1, ’ 98. 2%
Consolidation Coal o f .Maryland—Stock...........
Jan. 1, 1922
do
do
4*fl g. J. & J.J
a600,000
1,000
1st M., $750,000, g., Bink. fd „ red, each Jan, at 105— G 1896
MISCELLANEOUS.

a Of these $17,000 held in sinking fund in January, 1898.
first mortgage covers all the property and leases and also the stocks
owned of the various telegraph companies controlled - see V. 64, p.
951. Postal Co. Dec. 31,1895, had over 117,000 miles of wire (land
lines) and 2,067 offices, transmitting in 1895 about 12,500,000 mes­
sages.
D ividends .—1889. 1890. 1891 to 1896.
1897.
1898
7 yearly.
8 (1 extra in Jan.) Below
Per cent.......... 1 ^ 6
In Jan., 1898,1% and 1 p. c. bonus; Apr., 1% p. 0.; July, 13* p. 0.
Oct., l^t p. o.
A nnual R eport .—Fiscal year ends Deo.31. R eport’97 in V. 66, p. 615.
Gross
Net
Net
Interest DiviBalance
cable.
cable. Postal Tel. O. on 1st 4s. dends. surplus
Years.
$
$
$
$ .
$
1897..2.130.754 1,200,155 645,185 640,000 800,000 405,340
1896..
2)oi9,255 1,176,565 ............................... 800,000 376,565
Total net earnings both companies for 1897, $1,845,340. Against
net earnings (for 1898) charges will be-in terest (on $16,000,000
fours), $640,000: balance for dividends on $10,000,000 stock.
J. W. Maokay, President; Vioe-President and General Manager, G.
G. Ward; Offloe, 253 Broadway, New York.—(V. 66, p. 6 1 5 .)
C o m m o n w e a l t h E l e c t r i c . —V. 67, p. 482, 689.
C on solidated Gas o f B a ltim o r e C ity.—Incorporated May 5
Balance...........................................def.$15,750 def.$47,393 def.$2,302 1888, under the laws of Maryland. Stock . -Authorized $11,000,000
Dividends at 5 p. 0. yearly have been paid semi-annually, but the June.
Surplus reserve for com. stk. June 30,1898, was $104,607.
Profits for full calendar years before deducting any dividends have 1897, dividend was 2*4 p. 0.; Dec., 2 p. c.; in 1898, June, 2H p. 0.
Bonds.—The consol, mortgage of 1888 is for $7,000,000 (trustee*
been: In 1897, $510,943; in 1896, $261,518; in 1895, $613,970; in
1894 $488.312; in 1893, $323,786; in 1892, $870,006. Office oomer Mercantile Trust & Deposit Co., Baltimore), sufficient bonds being rer
Church and Worth streets, New York.—(V.66, p. 1 3 1 ; V. 67, p. 1 2 3 .) served to retire the follow ing underlying bonds assumed:
Consol. Gas Co. (of 1880) 6s. J. & J., due July 1,1910, $3,600,000.
C leveland & San du sky B r e w in g —V. 66, p. 471, 1139,1188.
Chesapeake Gas Co. 6s, J. & D., due June 1,1900, $1,000,000.
C o lo r a d o F u e l & I r o n . —Organization and P roperty .—A
Orficers .—President, John W. Hall; Secretary, N. T. Meginness-.
Colorado corporation formed in October, 1892, by consolidation
rv . 55, p. 373, 639,1 of the Colorado Fuel and the Colorado Coal & Iron Treasurer. Jos. W. Clarke; office 19 South St., Baltimore. V. 60, p. 391.
C o n s o l i d a t e d G a s o f N e w Y o r k . — This company was organized
Coe. Application to N. Y. Stock Exohange in 1896, V. 62, p. 461.
Stock .—The authorized capital stock is $2,000,000 of 8 per cent Nov 11,1884, and absorbed the New York Gaslight, the Municipal Gas­
cumulative preferred stock and $L1,000,000 common stock (par, $100). light, the Metropolitan Gaslight, the Manhattan Gaslight, the Knicker­
bocker Gaslight and the Harlem Gaslight. In December, 1897, owned,.
B onds.—See application for listing bonds V. 62, p. 461.
840 miles of mains, 257,729 meters set, supplied 14,315 public lamps.
In 1898 Col. Coal & Iron Co’ s guaranty of Colorado Coal & Iron Law regulating price of gas in N. Y. City, see V. 64, p. 1000. The total
Development $700,000 bonds was affirmed. (V. 67, p. 527.) The stock authorized $39,078,000, of which $3,647,940 wa« reserved for
Grand River Coal & Coke Co.’s bonds are not guaranteed but working capital and for indebtedness of old co., and of this $1,300,000.
its property is all owned by the Col. Fuel& Iron Co. subject to the mort. was listed in 1897-98 (see V. 65, p. 1113; V. 66, p. 857) and $1,000,Grand R. Coal & Coke bonds for $949,000 are outstanding, of which 000 in Sept., 1898 (V. 67, p. 578); total listed m Sept., 1898, $37,730,#180,000 are owned by C. F. & I. Co. In 1897 a collateral loan for 060 Dividends form erly 6 percent, were from June, 1893, to Sept
$400,000 was created to meet expense of improvements at steelworks, 1898, 8 p. 0. (2 p. c. quar ). On Sept. 30, 1897, bills payable were$1,000,000. Bal. sheet Sept. 30, ’97, V. 65, p. 1113.
see V. 67, p .527.
Officers —President, Harrison E. G aw try; Vice-President, Thomas
D ivid e n d s —
1893.
1894. 1895.
1896. •
------- 1897.------K Lees; Secretary, O. F. Zollikoffer; Assistant Secretary, Lewis B.
Common............. 1*4 %
0
0
0
0
0
P r e fe r r e d ........ 8 (4 so.)
4 sc.
0
8
Feb., 4 ; Aug., 0 G aw try; Treasurer, G. W. Doane. T rustees—Thomas K. Lees, H. E.
Gawtry, Samuel Sloan. John P. Huggins, William Rockefeller. RoseOverdue on preferred in Aug., 1898, 24 p. o., $480,000.
well G. Rolston, M. Taylor Pyne. George F. Baker, James Stillman,
Annual R eport .—Report for 1897-98 in V. 67, p. 527, showed:
Stephen S. Palmer, H. D. Auchincloes, F. Augustus Schermerhorn, E.
----------- Net------------------- QrossR. Holden. N.Y. office, 4 Irving Place—V. 66, p. 857, 953; V. 67, p. 578
1897,
Year end’ g June 30.
1898.
1897.
1898.
$604,436
C o n s o l i d a t e d I c e . — Organised as stated in V . 62, p. 908, in May,
Fuel department........... $3,931,865 $3,271,740 $832,761
322,597 1895, under laWs of Maine, and has purchased control of various ice
Iron departm ent.... . . . 1,289,886
1,539,927 drl0,308
23,077 properties, including Knickerbocker, National, Ridgewood, Consumers,
Retail dept., eto.............
267,364
261,701
24,990
Montauk, Dealers and Standard, of New York, and a number in Maine.
Total......................... $5,489,115 $5,073,368 $847,444
$950,110
Stock .—Capitalization is $6,500,000 common stock and $3,500,000
Deduct general expenses................................
135,901
125,090 preferred 6 per cent cumulative. Dividends <mpreferred—1896, Aug.,
6 p. o.; 1897, Aug., 6 p. 0.; in 1898, Jan., 3 p. c.; Apr., He p. c. July,
Balance to income accou nt.................................. $711,543
$825,020 l4 i p 0.; Oct., l*a p. 0. Dividends on common, Feb., 1898,1 p. 0.5 May,
Interest on bonds, $389,124; taxes, exohange, etc., $97,949; sink 1898 1 P. 0.; Aug., 1898, 1 p. o. Directors—see V. 65, p. 461. Bills
payable Jan. 1,1897, $504,629, but in Nov., 1897, $591,700 o f treas­
ing fund, $127,667; balance, surplus for year 1897-98, $96,803.
Officers .—J. C. Osgood, President; John L. Jerome. Treasurer, ury preferred stock was sold to pay off this d eb t; total preferred out­
Cffioe, Denver, Colorado.—(V 63, p. 4 0 0 ; V .65, p. 3 6 5 ; V. 67, p .5 2 7 . standing, $3,500,000.—V. 65, p. 869. Real estate mortgages outstand­
ing, $201,055. In June, 1898, it was reported that $1,000,000 real
C olu m b u s & H o c k in g Coal & Ir o n C om p an y.—Organized at estate had been practically sold and that proceeds were to be used in re­
Columbus, O., January 26,1883, and owns large coal and iron proper­ tiring company’s bonds. (V. 66, p. 1188.)
ties (13,250 acres of land) in Ohio; a full description in Chronicle
R eport for 1896. V. 65, p. 461, showed gross, $3,570,257; net
of February 26,1887, V. 44, p. 278. See also V. 63, p. 559.
$755,536; interest, $118,042; div. on preferred (6 p. 0.), $173,538;
Organization .—Reorganized in 1898 without foreclosure per plan balance, surplus for year, $463,956. See also V. 66, p. 1188. Pres­
in V. 65. p. 976, the stockholders paying $3 per share, for which they ident. Charles W. Morse. General Office, 23d St. and Lexington Ave.,
received preferred stock, and the old firsts being limited in amount to N .Y .C ity.—(V. 6 6 ,p. 236,1188.)
$930,000 and made to cover additional property, interest being re
C o n s o l i d a t e d K a n s a s C i t y S m e l t i n g & K e f . — See p. 159.
duced from 6 to 5 per cent.—V. 65, p. 367, 976; V. 67, p. 2 8 - see en
dorsement on bond in V. 66, p. 81. Stock is $5,125,000, of which
C o n s o lid a tio n
C o a l o f M a r y l a n d . — Incorporated in 1864..
Baltimore & Ohio RR. owns $3,810,000 stock. Coal mined in 1897,.
$335,000 is preferred.
R eport .—Report for 1894-95 in V. 60, p. 1143. Iron production for 1,265,846 tons; in 1896,1,157,200 tons; in 1895, 923,655 tons.
year, 4,329 tons, against 4,180 tons in 1893-4; coal, 351,905 tons,
D ividends since 1883: for 1884 and 1885,1; for 1886, %; for 1887,
against 356,402 tons. There were oar trusts Apr. 1,1895, for $98,384 Ha; for 1888, 2 H ; from 1889 to Feb., 1898, inclusive, 2 p. e. yearly.
Year to Mar. 31. Gross.
Net. Int., taxes, etc. Imp., etc. B al.,d ef
B onds.—Bonds for $150,000 remain in the treasury. See descrip
1894-95..............$361,920 $43,292
$70,865
$11,754
$39,32'; tion in V. 63, p. 1062; $17,000 bonds redeemed by sinking fund Jan.
1893-94.............. 412,113
3,465
71,305
13,867
81,702 1,1898. Owns $1,500,000 stock of Cumberland & Pennsylvania RR.
—(V. 65, p. 277, 367, 976; V. 66, p. 81,183; V. 67, p. 28.)
(which see) and guarantees its $1,000,000 bonds.
C om m ercial Cable C om p an y.—This is popularly known as the
E arnings.—Statement for 1897 in V. 66, p. 339, show ed: Gross re­
Maokay-Bennett Cable Company, owning three cables from Nova Scotia ceipts o f mines, RRs., &c., $1,818,511; net receipts, $615,759; total net
to Ireland; one from Ireland to Havre, France; one from Ireland to income, $723,915; interest, including interest on guar, bonds (see
Bristol, England; also one from Nova Scotia to New York and one to above), taxes, etc., $192,958; expenditures for additions, $98,445;
Rockport, Mass. &e. In April 1897 contracts for 25 years were oalanoe, surplus for dividends, $432,512; dividends, $205,000. Royalty
made between the Mexican National and Mexican Central and the fund Deo. 31,1897, $395,075, invested in interest-bearing securities.
Postal Tel. Cable, securing for the company a business with Mexico
Officers .—President, C. K. Lord; Secretary and Treasurer, T. K.
Bee V. 64, p. 842.
Jan. 1,1897, Postal Telegraph Cable Co. was purchased and its stock ; Stuart. Office, 44 South St., Baltimore, Md. (V. 66, p. 3 3 0 , 339.)
C o n tin e n ta l T o b a c c o .—
V 67, p 688,788,541
of $15,000,000 mostly exchanged, $ for $, for 4 p. 0. bonds. The

Union Stock Yards ,— Year end. Dec. SJi— . - Year end. June 30— >
—
Transit Co —
1897.
1896.
1895.
1894.
G rosiearnings
. $3,321,423 $3,313,578 $3,354,560 $2,917,368
Net earningsF.8 ..! *" *.1 ,9 3 2 ,2 3 1
.
1,984’,267
2,103.147
1,790,749
D irectors .—Chaunoey M. Depew (Chairman), W. Scott Fitz, Boston
National Thayer, Boston; W. J. Sewell. Camden, N .J .; F .H . Prince,
Boston; FredH. Winston, Albert H. Veeder and P. A. Valentine, of Chi­
cago; Wm. D. Guthrie, of New York, and George Peabody Gardner,
Boston. N. Y. office, 40 Wall.—(V. 67, p. 481.
O laflin ( H . B .) C om p an y.—Incorporated under the laws of New
Jersev in May, 1890, and deals in dry goods. Its premises have a
frontage of 375 feet on Worth Street, and with all appurtenances are
valued at $2,739,181, its total assets June 3<h 1898, inemding merchan­
dise, accounts receivable, etc., being put at $14,366,353. V. 64, p. 132.
D ividends . 1890-1892.
1893.
1894 to Oct., 1898.
Common, per cen t... 8 yearly.
_ .
-------------—
—In full to Nov. 1,1898.
Preferred stocks.......*
R eport .—Report for half-year ending June 30,1898, V. 67, p. 123.
1896.
6 months to June 30—
,1 8 9 8 .
_ 189J*
$158,114
N et for dividends.................................
142,125
Interest on 1st and 2d p r e f.. ........ 142,125
142,125
114,873
On common (3 p . 0 ) ........................... 114,873
114,873




lä O

INVESTORS’

SUPPLEMENT.

[Vou

LXVII.

Subscribers w l ll con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In these T a b les.
m is c e l l a n e o u s .
Bonds—Princi­
INTEREST OR DIVIDENDS.
Size, or
pal, When Due.
For explanation o f column headings, &c., see notice on Dof 6
Amount
Par
___________
first page of tables.
Bonds Value. Outstanding Pate Per When Where Payable, and by Stocks—Last
Cent. Payable
Whom
Dividend.
$100 $4,848,000
Q.—M
Philadelphia.
------U I--------------- lOUA...................
IW
Dec., 1895
100
1.500.000 See text See text N.Y.,Mait..Coppell&Co Apr. 15,’ 98.1%
(8Ubject to call at 105)7.7. .7.7.7.7c 1891 100 &o.
1.500.000
6 g. J. & J N. Y.,Atlantic Trust Co Nov. 16,1911
Gold deben., $10,000 drawn yearly at 102 T Oct 1
q
1895
95,000
do
do
Oct. 1, 1911
Detroit
m^rtiiage, $8,000,000, gold 1894 100 &c.
7.000.
000 I I : J. & J. N.Y. Fourth Nat. Bank. July 1, 1914
City was—Prior lien mort., $6,000,000 gold
c 1898
1,000
4.546.000
J. & J. N. Y., Emerson, MoM. Jan. 1, 1923
Detroit Gas, consol. 1st mort. for $1,500 000 gold c&r 1893
1,000
423.000
I I : F. & A. N. Y., Guaranty Tr. Co, Feb. 1, 1918
DetroitMaclc.< MarquetteR.R.—LanaM (inc 1re’d^at 100 r 1881
&
1,000
3.024.000
A. & O. 1 p. c. pd. Oct. 12,1898.
X ^m ond JfateA.—Stock—Listed in OWcago
* °° r
100 11,000,000 10 in ’97 Q.—M. By check fr. Chicago off, Oct. 1, 1911
Sep. 1 2 /9 8 ,2ig
i n um^ncf a o f D r o o k l i ^ s tock -S ee Kra GS CO E lec . L ight & Po WER.
^ lstM K
w
°fX<™ York—S tock.............
100
9.200.000 6 in 1897 Q.—F. N.Y., Of. 53 Duane St. Nov. 1/98, lifl
istM ($5,000,000)g.,conv.,red.at 110 aft. Sent 1 1900 c* 1890
1,000
4.312.000
First consol, mortgage, $15,000,000, gold P
c* 1895
* g' M. & 8. N. Y., Guaranty Tr. Co. Moh. 1, 1910
>
1,000
2.188.000
J. & J. N.Y., State Trust Co. July 1, 1995
Electric Storage Battery—M on., subleot to c a lif«’ * T a b 1894
1,000
450.000
J. & D.
Equitable III Gas L. Co. o / P ^ a . - f s t m g? red at 105 N 1898
1,000
7.500.000
I J. & J. Boston, Old Colony Tr. Dec. 15,1924
N. Y. Security & Tr. Co. Jan. 1, 1928
£lniinnleiZ ap! 1 ^Telephone—Stock ($5,00$,000) .
100
5.000.
000 18^7 Q.—F.
4 in
Cheeks mailed.
Collat. trust gold bonds ($1,000,000)
Aug.15/98,1%
1894 500 &c.
1.000.
000 6
A. & O. Boston, Old Colony Tr. Apr. 1, 1909
1896
1,000
2.664.000
5
J . & J.
do
do
July 1, 1926
100 46.000.
000
Preferred stock (as to assets and 6% div.) non-cum
100 52.000.
000
Illinois steel, deben., red. at 105, oonvTtato stock
1890
1,000
6.200.000
5
J. & J. N. Y., Cuyler, M. & Co. Jan. 1, 1910
Non-convertibie debentures for $7,000,000, A & b " ' o* 1893 500 &c.
7.000.
000 5
A & O.
..
do
do
Apr. 1, 1913
* Ea8^ern» IstM . ($10,000.000) gold
c*
1,000
M. & N. N.Y., J.P.Morgan & Co. May 1, 1941
Duiuth & Iron Range, 1st m o r tg a g e M p . g
c&r 1891 l.OOO&c 7.400.000
1887
6.734.000
5 8‘ A. & O N.Y., Office, Mills Bldg. Oct. 1, 1937
„ ^ m o r t g a g e , currency, red. at 105, $5,000,006!c'e.c* 1896
1,000
1.000. 000
6
J. & J.
Fort SI. Union Depot (Detroit) 1st mortgage, gold
do
do
Jan. 1, 1916
1,000
1,000,000
2d mortgage, g old ................................. 8 *
..........° 1891
4*2g. J. & J. N. Y. Central Trust Co. Jan. 1, 1911
18P5
1,000
329.000
5 g. J. & J.
| July 1, 1915
do_______ do
( W m . ) C r a m p * S o n s ’ S h ip & E n g in e U n il d in « O o —TucorS t o r a g e B a t t e r y . — Incorporated in 1888 under laws o f
r s io o ^ L T jS V li!* S k 871'72)
1
inew j ersey. For companies absorbed in 1895 see V. 59, p. 1007,1058.
In|T° p ^ 7 A ^ m1
0n’ aut>mrized, $8,500 000 (par $100), all outstand-’
S H s P
W t 8 *!§• ,„. i9» 'it T 'i’l l 'f 7- iso'a P™f,eiI ed.-1 Per cent cumulative, $5,000,000 (par $100). In Feb.,
31898, pref. dividends were 3 p. c. in arrears.
’
’
Dividends stopped temporarily in 1896 97 to pay floating debt
R eport Report for 1897-8 in V. 66, p. 1092, showed°$3 892 872 n ,8 ^
T
M
ng fand operative in 1899, and bonds can be called
on 15 days notice at from 87*5 p. c. to par.
earaedb orT stock aover «Vonnn nnn75,0^ 0 against *430,000 in 1896-7)
REPORT.-Report for year ending Deo. 31, 1897, in V. 66. d 614
S r s M o a f p a W off. f v 6 4 , T 1 2 2 s f (V. 66, J o o g g * $1’ 500-000
i4
«
D e n v e r C o n s o lid a t e d G a s C o .—Organized Nov. 16 1891 to take rScJve(fr *88 71® ^V026’925 5 uet protit, $340,009; royalties, et<L,
D ^ d en d s—1892C ^ Pc“ yi893D?1 rer’ So11Q pital stoc^ *1.500,000.
3
i
^
“ I # » ? , » p ? ! l i lS t& A iS Z ’ l g i r 111l8 9 4 >1 p1111895>1 p- «
ph\^PwT2’fv.164,i p f 1*222*’ v . 6eip?^i 1^,°? 1
E arnings.—For year ending Dec. 31. 1897 gross *342 sqr - t> +
a
E q u i t a b l e G a s L i g h t ( o f N . Y . ) —Se e N e w A m ste r d a m G a s C o .
$205,306; int. and taxes, $125,328; bal., surplus, $79,978. Extensive
E q u ita l
I llu
i a tin g
L ig h t C o. o
P h
h ia
improvements m 1896 were met from surplus which w o ^ d otherw ill Organizedbine 1898 mbyn United G a s Improvement f Co., i l a d e l powns —
Gas
which
a
have gone to stook. For 1896 gross, $318,311. PresidentTj. B Grant
pi^iadrtfnhfiathea 8t°P li l to eperate the gas works leased from city of
C
Denver; Vice-President, George Coppell, New York.—V. 65, p. 824.
Philadelphia.^ See full particulars in v. 66, p. 426. Common stock
C n l ° n W a t e r .—A consolidation in October, 1894. of issued, $3,12o,000 ¡preferred sto ik, 4 per cent for first year and 6 per
the Denver 5Yater Company and the Citizens’ Water Co. Franchises
thereafter, $ 3 ,l ¿5,000. Sinking fund of $124,000 yearly is toP
rerun 15 years. Controls the water supply of the city of Denver, Col. tire bonds at 105; and beginning in 1908 the Improvement Co. agrees
+ ^ A te a, 8
,lnhing iund to retire theRtook in 1928, when the property
and sa*d
ab °ut 400 miles of mains. Capital stock
° i 5 P- «• aon-cumulative wre is to revert to the city. Lease may be terminated 'by city in 1908 oon
*
y
» n
jerrea. Bonds for $7,000,000 were issued to pay ‘for property of old making certain payment. (V. 66, p. 426, 520.)
companies wlnchwere sold under foreclosure. President. W. S Cliees®rl® T e le g r a p h Sc T e le p h o n e C o .—O r g a n i z a t i o n —Owns 65 tier
man; Secretary, W. P. Miller; Treasurer, D. H. Moffat. (V. 59, p. 738.) ®®ut of the Cleveland Telephone Co.. 70 per cent of the Northwestern
D e t r o it C ity G a s .—Organized in March, 1898, and owns all the
and Z? pe,r oent of the Southwestern Tele”
gas properties in Detroit, Mich. Has a contract till 1923 with the city &
rap? * J^J^Phcue Co., operating in the States o f Ohio. Minnesota,
Stock . Stock authorized, $5,000,000, o f which $4 560 000 o it, North and South Dakota, Texas and Arkansas, under licenses from
i+,au' 1’A 898, had 24,587 subscribers against 21.389 in
standing; par, $ 5 0 .-(V . 65, p. 1219; V. 66, p. 336.)
’
*
ioqq
cRles. an,J,^?wP8’ an(l 9,800 miles long-distance lines. In
<
pJior i ian mortgage is for $6,000,000, of which 1898, made a deal with independent lines in Northwest.—V. 67, p. 689 •
retained for future extensions and improvements and
S t o c k .— ListedonN.Y. Stook Exchange in 1894; see V. 59 p 701
$454,000 to retire the $454,000 old bonds not yet exchanged.
’
vfi^r?S9«G tRLei.i? A?Scalyear ending Feb. 28,1898, $287,000. For
Q7
l m
o
i
t
K
t
!
1 to JuM 30' 1898

y fe s S p I ; Srtt,>Jobn °- Dm
<ea
,' s

D e t r o it M a c k i n a c & M a r q .—Supp., April, 1897. V. 66, p. 708
D e t r o it U n io n R R , D e p o t .—See this Supplement , page' 158.
D ia m o n d M a t c h .—O kganization, etc.—Organized in i s «9
under law sof Illinois. Owns factories at Boston, Mass Barberton O
St. Louis, Mo., Detroit, Michigan, Oshkosh, Wis., etc- al¥o store Sron

«s,
™ i£

P

-i i

p”
b

?

I i ;W 2?
&

Stock .—Increased from $7,500,000 to $9,000,000 in March is o « for
new plant, etc.; in Feb., 1895. to $11,OOOTOOO (V. 59, p 1058.) 93’ “
oq« r eport —Fiscal year ends Deo. 31. Report for 1897 in V
iu , $ % 7 » ^
i896>
$^226, i i i |
H?CF ran zrA $t8Sec?!; R. E. ^ r t ^ S i c t l a - i V . ' 66
C
8e° ’y’
D is tlllln ------------ -------» • o o .p .A B b j
& Cattle F eed in g .—See A merican Spirits Man
D o m in io n Coal C o., U lm lted -S ee V. 66, p 1 0 8 7

c ? "i ,y L S e 7 ,l?a„,/S ,?5rE 2,,a: o f
0S
Ko

■

1

mm

A mtoal E|lTORI.-Eeport,„r 1897, V. 66 p. 285,333, show ed: ’

W

» M il

- ( V . 67, p. 73,125,177,482, 633, 689T736, 842 )
225’ 000
67’ 14g
E d iso n Electric Illu m in a tin g Co. o f N e w Y o r lt —<in o »«...
under Edison patents in New York City. Deo 31 1897*i™ n/!fl^.ate5
lamps S82, ^ 1 ; in 1896, 309,369; arclampf,^77201 in i 897-5 559^
189b; its motors, horse power, 19,380 in 1897; i5 953 in 1896& 559 1
'
all out to $9,200,000. V. 66, p. 520.
P
ncreasin0 issue when
D ividends . - ( 1885-91
’92.‘
’93. 1894 to Nov 1898 i™i
Cash p. c. ) 4 vearlv.
5
« a,
a „ „ ,, V1 io « o , mci.
In 1887 paid an extra dividend of 7 p. c. and in 1891 of 5 p oU soriD
fn
R<™D --.For convertibility of 1st M. see Supplement for Jan 1 « o r
J
j£be first consolidated mortgage is limited to $15,000 000- ’ bonds
are reserved to pay off at maturitv the $4 3 1 2 0 0 0 ’ ,1 ’ bonds
.,
the remainder, $8.500,000, are for f;ature use I t not^
$1,000,000 per ann. Trustee, State Trust Co., N .\ .—V?62, m 3 7 0 th&Q
E arnings.—8 months, >1898........Gross, $1,940,640; net *819
J an, 1 to Aug. 31. 1 1897........ Gross’, 1,561,568 ; Set! 696 972
A nnual R eport .—Report for 1897 at length in V. 66, p. 332, 342.
$1>097,117°$2b?38b $324/150 ^ 7 6 ^ 2 2 4 ' $ i l 6 323
1 8 9 6 .. 2,222,737
942,218 17,938
322,100 476,220 161897
Spencer Trask, Pres. Gen. Office, 53 Duane St., N .Y .—V. 66, p. 520




DS DS - : : : : : : : : : : : : } 18/ 8- %

T

T

’9 2 ,° / z $ s ',,lc l

1896) ; surplus over dividends, $8,856 for year; total surplus of subcos., J a n l 1897, $212,662. For the same periodE; T . & T C o pro­
portion of dividends, $364,550; dividends paid bv Erie (4 ner’ccuti
f } 2 2’®
6i p6n8i1 ^ ««ou n t,’$137,902; nJt surplus for yea?F $34!647. Office, Lowell, Mass. (V. 66, p. 900, 9 5 1 ; V. 67, p. 28, 6s9.
F o r t S it . U n i o n D e p o t ( D e t r o i t ) . — See S u p . , April, 1897.
F e d e r a l S t e e l . — O r g a n i z a t i o n . —Incorporated in N .T O c t
9
1898, with liberal powers (V. 67. p. 530), to consolidate (per planin’
V. 67, p. 483, 633) the Illinois Steel Co., the Minnesota Iron Co and
through it owning the entire capital stock of the Duluth & Iron Range
RR. and the Elgin Joliet & Eastern RR. Two-thirds of the capital
stock of the Lorain Steel Co. (the successor of the Johnson Co )P
has
also been acquired.
1 aa
■ T'\e.new company will thus own and con trol: (1) All the steel mills
m Chicago, e n a b le of turning out 5,00 j tons of steel a day, together
with the nnlls at Lorain and Johnstown, to produce structural iron
and trolley rails (¿) A “ practically inexhaustible supply of the best
iron ore in the Umted States,” located on its 40,000 acres of land in
St. Louis, Itaska and Lake counties, Minnesota. (3) A railroad conae®tlag
min«s w-ith I<ake Superior and capable of transporting
4,000,000 tons of ore yearly. (4) Five docks (storage capaoity 138^
765 tons) at Two Harbors, Lake Superior. (5) “ More than one-half
the steamers and barges on the lakes used for the transportation of
ores to Cnicago, Cleveland Buffalo, etc.” (6) The railroad that trans­
ports the ores from the docks at Chicago to the several steel and iron
mills in that city, etc. (7) A terminal RR. circling Chicago, with a
large business of its own. (See statement for constituent companies
m this S u p p l e m e n t for July, 1898.)
^
3
Stock , E tc.—Stock authorized, $100,000,000 each of common and 6
p. c. non-oumulative preferred. Present issue to do about $52,000.000
preferred and $46,000,000 common. Preferred stock is preferred
both as to assets and dividends. See V. 67, p. 578. The companv wiU
have about $15,000,000 cash for working capital, for purchase of other
properties, if desired, and for improvements, in addition to several
millions of the assets of constituent companies. There is no floating
debt. 7*67. P.530, 633 Securities were placed on unlisted depart­
ment o f N. Y. Stook Exchange in October, 1898. V. 67, p. 842. V
Operations .—The officials estimate the annual net income after deducting taxes as likely to exceed $6,000,000; interest charge will be
$1,427,100; 6 per cent dividend on $52,000,000 preferred, $3,120,000
—see v. 67, p. 689.
’
The output of mines o f the Minnesota Iron Co. was; In 1817 2 271 569 tons; in 1896, 1,507,576; in 1895, 2,051,467; in 1894 1 3 15 203
’
See Y. 66, p. 663. The Illinois Steel Company’s annual output was:
Tons made (approx.)—
1897.
1896.
1895.
»1894
Pig iron and spiegeleisen ....1,150,000 946,907 1,000 000
Finished product sh ip ped ..... 1,000,000 773,673
875,698 563’,446
Morgan and Robert Bacon o" New York •
Marshall Field, Norman B. Ream and H. H Porter of Chicago- E H
Gary, D. O. Mills, R. P. Flower, C. C. Cuyler, of New Yorkg Samuel
Mather, of Cleveland; Nathaniel Thayer, of Boston; Bsnjami’n C Yan
Dyke, of New Jersey; Charles C. Cliff and Charles McVeagh, of N. Y
OFneERS.—E. H. Gary, President and General Counsel; H. H.
Porter, Chairman of the Board; and Richard Trimble. Secretarv and
Treasurer. V. 67, p. 530, 578, 633, 689,736,783, 842. Beoreiary antt

October,

1898.]

MISCELLANEOUS

STOCKS

AND

BONDS.

151

iBonds—Prinoi
INTEREST OR DIVIDENDS.
_________________MISCELLANEOUS._________________
pal, When Due.
Date Size, or
Amount
of
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes on
Dividend.
Whom.
Cent. Payable
Bonds Value.
first page of tables.
See text.
$100 $18,276,000
General Electric—Common stoch............................................
N ov.,’98, 11%
text.
100
2,551,200
Pref. stock 7 per cent cum. (not pref. as to assets).........
J. & D. N. Y.,Guar. Trust & Bos. June 1, 1922
1,000
5.710.000
Debentures, g., convertible ($100 stk. for $120 bonds) .o 189*2
A. & O. Phtla.. 233 So. 4th St. Apr. 1, 1940
1,000
2.224.000
Girard Point storage—1st M.f gu. p. &i. Pa. R R ................ r 1890
100 24,027,300
Glucose Sugar Refining—Common stock, $26,000,000....
Q .-M . Chicago Of., Rookery. Sep.1,’98,1%%
100 12,619,000
Preferred, 7 per cent, cumulative, $14,000,000.............
Nov. 21,’98,3
M&N.20
50
1,000,000
Grand Rapids Gas Light Stock..........................................
F. & A. N. Y., Emerson, MoM. Feb. 1, 1915
1,000
1.225.000
1st mortgage, $1,500,000, redeemable at 110.......... ..c* 1895
Sept. 1, 1931
M. & S. N. Y., 120 Broadway.
1,000
1.705.000
Henderson Bridge Go.—1st M., gold, drawn at 105.........cx 1881
M. & N. N. Y., U. S. Mort. & Tr. May 1, 1946
1,000
4.100.000
Hoboken Ferry—1st cons. M., red. at 110 ($1,500,000.. c* 1896
Jan. 1, 1946
J. & J. N. Y., Cent. Tr. Co.
1,000,000
N. Y. & N. J. Ferry, two morts. ($600,000 are 1st 4 s).. 1896
Illinois Steel—See F ederal Steel Co.
13,040,400
International Paper—Stock, common, $20,000,000..........
Oct. 1, ’9 8,1%
New York.
20,530,700
Q .-J .
Pref., 6 p. c., cum., $25,000,000................ .......................
Feb. 1, 1918
N. Y.. Met. Tr. Co.
1898
F. & A.
1,000
9.675.000
1st con.M.,$10,000,000, g.Us. red. af. ’07 at 105.oonv.c*
500
443,500
J. & J. N. Y., First Nat. Bank. July 1, 1901
Iron Steamboat Company—1st mortgage for $500,000---- 1881
A ug.l5,’98,2i{i
Checks mailed.
100
1.500.000
Jeff. <t Olearf’d 0. < J.—Pref. stock, $1,500,000, non-oum
6
J. & D. N. Y., Guaranty Trust. June 1, 1926
2,000,000
1st mortgage, $2,000,000, gold, s. f., dr’n at 105...... c* 1896
June 1, 1926
do
do
J. & D.
1,000,000
2d mortgage, $1,000,000, gold, s. f., dr’n at 105...... c* 1896
1,000
3.750.000
See text N. Y. Guar. Tr. & Lon. Apr. 1, 1922
Kansas Oity,Ho.,Gas—1st M.,$5,000,000,g.,red.atl05Gc* 1897
Apr. 1, 1899
See text.
A. & O.
1,000
1,000,000
Keokuk dt Hamilton Bridge Go.—1st mortgage................o 1869
2.500.000
Kings County Electric Light < Power—Stock.....................
&
1937
A. & O. N. Y., Cent. Trust Co.
2.500.000
1st mortgage, gold, $2,500,000......................................... 189*7
1997
New York.
1,000
5.176.000
Purcb. money M., gold, secured by Ed. stk. &o............... 1898
(1)
Oct. 1. 1900
Brooklyn.
A. & O.
1.500.000
1,000
Edison El. 111., ls tM .,g . (tobe paid at llO )....Ce.c*& r 1890
J. & J. N. Y., State Trust Co. Jan. 1, 1939
2,000,000
Consol, mortgage, $10,000,000, gold .S ............................ 1898
N. Y.,H.B.Hollin3; St.L. Sep. 15, ’9 8 ,lia
100
7.500.000
Laclede Gas Light—Common, $7,500,000........ .....................
G eneral E lectric.—Organization .—Organized under a special
charter of New York, April 15,1892, and owns the Edison and other
patents for electrio lighting in the United States and many foreign
countries, and grants exclusive franchises for specified territories to
local companies. It also sells outfits for electric railways and all kinds
of electrical supplies.
In April, 1896, an agreement was made with the Westinghouse
Electrio & Manufacturing Co. for pooling the patents of the two com­
panies. See V. 62, p. 502, 635,1040; V. 65, p. 151.
D ividends .—The common stock paid in 1892,4 p. o .; in 1893,6 p.c.;
none since. Last dividend on the pref. stock July, 1893, and accumu­
lated dividends July 2,1898, 35 p. c., which must be paid before divi­
dends are resumed on common stock. A dividend of 11% per cent on
the preferred stock as reduced, is payable Nov. 15,1898, on account of
accumulated dividends.
In order to bring about resumption of dividends on both classes of
stock, stockholders voted on August 17,1898. to reduce the. capital
stock from $34,712,000 to $20,827,200 to consist of $18,276,000 com­
m on (par $100) and $2,551,200 preferred (par $100), accrued divi­
dends on preferred to be paid from surplus earnings. The new capi­
talization will require $1,275,144 annually to pay 7 p. c. upon pref.
and 6 p. c. upon common.—V. 67, p. 28,125,177, 319, 578, 631.
Bonds.—See terms in Supplement of March, 1893, on page 3.
General F inances.—Duringl897-98 company purchased$2,000,000
of its debenture 5s and $290,000 additional after the close of the
fiscal year, leaving $5,710,000 outstanding in April, 1898.
A nnual R eport .—Fiscal year ends January 31. Annual meeting
is held the second Tuesday in May. Report for 1897-98, with balance
sheet of Jan. 31,1898, was given in V. 66, p. 854 and 858-860.
The report shows gross earnings, $12,524,938; cost of material,
general expenses and taxes, $10,896,578; net earnings, $1,628,360;
other income, $520,160; interest on debentures, $333,335; patents,
patent expenses and reserve for extensions to factory plant charged
off, $583,335. Loans and bills payable Jan. 31,1898, none; notes and
accounts receivable, $4,537.300; accrued interest on debentures and
accounts, $313,526; cash in treasury, $1,425,875.
Officers .—President, C. A. Coffin; Treasurer, Henry W. Darling •
Secretary, M. F. Westover; office, Schenectady, N.Y.—V. 67, p 578, 634.
G lucose Sugar lie fin in g Co.—Incorporated in N. J., Aug. 3,
1897, and purchased nearly all the glucose properties of importance
in the country - see V. 65, p. 327. In Sept., 1898, the Chic. Peoria <
fc
Western RR. had been organized, with the same officers, in the inter­
est of the Glucose 8upar Ref. Co, to connect its plants in Chicago,
Peoria and Rockford, 111., and. Davenport, la.—V. 67, p. 481.
Stocks .—Common stock, ($26,000,000 authorized) entitled to 7 per
cent per annum after the preferred stock has received 7 per cent, and
thereafter to share equally with the preferred in all otner dividends
Preferred, authorized, $14,000,000. No bonds issued. Dividends.—On
preferred Deo., 1897,1 % p. c.; in 1898, Mar., 1% p. c.; June, l ‘4i p. c.;
Sept., 1% p. o. The first dividend on common was expected to be paid
about Nov., 1898. V. 67. p. 272.
E arnings.—Report for lO1 months ending June 30,1898, was in V.
^
67, p. 272, showing: Profit (after writing off $598,152 for betterments
and repairs), $1,863,157; 7 p . c. on pref., $883,351; surplus, $979,806.
Officers .—C. H. Matthiessen, President; William Dickinson, VicePresident; S. T. Butler, Secretary and Treasurer. General offioe, The
Rookery, Chicago.—V. 67, p. 177, 2 7 2 , 319, 481.
G old 6c Stock T elegraph Co.—See Western Union T elegraph .
G rand R a p id s G a s-L ig h t Co.—Owns by purchase all property of
the Grand Rapids Gas Co., with a capacity of 1,500,000 cubic feet per
day and 75 miles of main p ip e; meters in use Deo. 31,1896, 6,179.
D ividends .—1895, 4 p. o.; 1896, 5 ; 1897, 5 ; 1898, May, 2%; Nov., 3.
E arnings .—Jan. 1 to Sept. 30, net, $92,219 in 1898; $86,900 in 1897.
R eport . - I n 1897, net, $133,742. In 1896 (report V. 64, p. 662,)
net, $125,438; interest, $61,250; dividends, $50,000; surplus, $14,188.
President, Emerson MoMillin, 40 Wall Street, N. Y.—V. 64, p. 6 6 2 .
H a w a iia n C om m ercial 6c Sugar C o.—V. 67, p. 71, 371, 428.
H e ck e r- J on es- J e w e ll M illin g Co.—See this Supp ., p. 159.
H enderson R rldge Co.—Owns bridge across Ohio R. at Hender­
son, K y „ and 10 miles o f road. Stock is $1,000,000 (par, $100), of
which the Louisville & Nashville Co. holds $501,000; the Bridge Co.
is guaranteed gross receipts o f $200,000 per year by the several roads
using it and dividends of 2% p. o. are paid each F. & A. $308,000
bonds in sinking fund in Jan., 1897. For year 1896-7, gross $270,693;
net, $246,382; charges, $183,344; dividends, $50,000. V. 67, p. 320.
H e r r ln g -H a ll-M a r v ln C o m p a n y .-Organization , P r o pertt ,
etc.—Organized in 1892, to manufacture fire and burglar-proof safes
and vaults. See advertisement in Chronicle of May 14,1892. In Jan­
uary, 1896, property placed in hands of trustees.—V. 62, p. 138. Capi­
tal stock is $3,000,000, of which $1,800,000 cumulative 8 p. o. pref.
R eceivership .—On Dec. 24,1897, W. D. Pownall and Geo. R. Gray
were appointed receivers. V. 65, p. 1220. See statement of President.
V. 66, p. 38. No plan formulated up to April, 1898. Pref. stock com­
mittee W. C. Taylor, P. Hathaway, H. A. Tenney.—V. 66, p. 38.
A nnual R eport .—Fiscal year ends May 31. Report for 1896-97
showed loss on,operations for year, $63,000, and for 15 months since
trustees took charge deficit is about $79,000; bills payable, $200,227;
aco. payable, $70,742; cash, $35,745; accuunts receivable, $164,180.
See V. 66, p. 38. N. Y. Office, 54 and 56 Bleeoker St. V. 66, p. 38.
H o b o k e n F e r r y Co.—Ferry runs from Barclay Street, Christo­
pher Street and West 14th at. to Hoboken. Stock, $4,000,000 outstand­
ing, $3,300,000. Dividends in April, 1898, Wtre 5 p, c. yearly (Q-M.)




H u d s o n T u n n e l R y .—Under foreclosure. See V. 65, p. 412.
Illin o is Steel.—Organization —Statement to Stock Exchange in
March, 1894, V. 58, p. 514. In October. 1898, was about to be consol­
idated with the new Federal Steel Co., each $100 share of the $18,650,000 stock, on payment of $20, to receive $100 preferred and $80
common stock. Over 90 per cent had been deposited. V. 67, p. 578,
633,736. See “ Federal Steel” and Supplement for July, 1898.
D ividends .—For 1889, 4 p. c . ; for 1890, 3 p. o. in cash, 5 in stock; in
1893, $13‘51 in scrip and 5p. c.in cash; in 1896, 3 p. c. cash; none since.
A nnual R eport.—Annual report for 1897 in V. 66, p. 332.
In tern a tio n a l P aper.—Incorporated Jan. 31,1898, and took
over by purchase twenty-five of the principal pulp and paper mills o f
the U. S., producing from 75 to 90 per cent of all the newspaper man­
ufactured east of Chicago. For list of properties acquired see official
statement in V. 67, p. 42-». Daily output of finished paper nearly
1,500 tons daily. Stock at time of organization, $20,000,000 com­
mon; $25,000,000 6 p. c. cum. pref. Underlying bonds $1,650,000 (6s).
8ee prospectus in V. 66, p. 288 and V. 67, p. 177. First quarterly
dividend ( l ^ p. c.) paid on pref. July 11, 1898; in Oct., 1898,1% p. o.
B onds.—Of the $10,000,000 1st 6s, $1,301,000 were reserved to re­
tire prior Lens (of which over $200,000 have since been exchanged*
and $622,253 are in the treasury. V. 67, p. 428. The new bonds areconvertible at holder’ s option on Feb. 1, 1899, or Aug. 1 of any yearafter 1899 and before 1910, into preferred stock at par.
Officers .—Vice-President, H. J. Chisholm; Treasurer, W. E. SpierOffices, 30 Broad St., N. Y .—V. 67, p. 177, 371. 428.
Ir o n Steam boat.—See Supplement of Jan., 1898.
Jefferson 6c Clearfield Coal 6c I r o n .—See Supp ., Jan. 1898*.
J o h n s o n C om p an y .—See this Supplement, p. 159.
K a n sa s City, M o ., Gas Co.—Organized in April, 1897, in
Missouri and acquired all the property, franchises, etc., of the Kansas
City Gas and Missouri Gas companies. Capacity of 4,000,000 cubio
feet a day; 235 miles of main pipe; meters in use July 31,1897,20,280.
Capital stock, $5,000,000: par, $100. Interest on bonds is payable
A. & O. at N. Y. office of Guaranty Trust Co. or M. & N. in London.
Net earnings May 1 to Apr. 30,1898 (12 months), $302,655; interest,
$187,500; balance, $115,155. Balance sheet April 30,1898, was in V.
67, p . 52-?. President, M. J. Payne.—(V. 67, p. 28, 5 28.)
K e o k u k 6c H a m ilto n R rld g e.—See Supp. of July, 1898.
K in g « County E lectric L ig h t 6c P o w e r.—This company, own­
ing a new power station on the water front iu Brooklyn, and other prop­
erty in that borough, acquired in Oot., 18-18, per plan in V. 67. p. 482,
the entire $5,000,000 capital stock of the Edison Electric Illuminating;
Co. of Brooklyn. The Edison Co. some years before purchased the
Citizens’ Co., and in 189« acquired the Municipal Co.—both concerns
unbonded. The Kings County Company therefore seonred control of
all the electric-lighting business in Brooklyn except in Flatbush.
S ecurities.—The Kings County Co. has outstanding capital stock of;
$2,500,000, and first mortgage bonds for a like amount. Of the firsts$l,000,o0o are to be sold in fall of l«9-> to provide the guaranty fund*
below mentioned. The company will also issue in *898, to make
the purchase of the $5,000,000 stock of the Edison Company, $5,176,000 purchase money bonds, secured by deposit o f that stock m trust,,
by a second mortgage lien on the Kings County plant as now owned
or hereafter aoquired, and by $ l ,000,000 cash guaranty fund to be in­
vested in securities approved by the committee—see V. 67, p. 482.
The Edison company’s consolidated mortgage, authorized in 1898, is
for $10,000,00” , but the present issue will be for only $2,000,000, to
pay for the Municipal Company’s stock. Provision is made for the
Edison first mortgage of $1,500,000, which has been formally called
for redemption on Oct. 1, 1900, at 110 and interest. The consolidated
mortgage will then be a first lien upon all the properties of the Edison
Co. now owned or hereafter acquired. The balance o f the bonds can,
only be drawn upon under the carefully guarded restrictions, and in
no event shall the bonded indebtedness of the company exceed the
share capital, or two-thirds of the value o f the corporate properties, if
such value should be greater than the share capital. The properties of
the Kings County Co., subject to its prior liens, are also placed under
the Edison Co.’s consolidated mortgage—see V. 67, p. 482, 842.
E arnings.—The last report of the Edison Co. was in V. 66, p. 285,
333—see also this S upplement for luly, 1898.
The interest charges of the Edison Company, including the consoli­
dated mortgage bonds now issued, will .be $155,000 per annum. The
net income for the calendar year 1897 of the Edison and Municipal
companies applicable to charges was $487,000.—V. 67, p. 842.
Laclede Gas L ig h t.—Organization .—Incorporated in 1857, and
in 1889 secured control of all the other gas companies in St. Louis. In*
1896 the price of gas was reduced from $1 18 to $1 per 1,000 feet for
illuminating and to 80 cents for fuel gas. As to suite see V. 66, p. 760.
D ividends .— ) ’90. ’91. ’ 92. ’93. ’94. ’95 to D e c.,’97.
’98.
Preferred, p. o. 5 2 *
-2 0
5
5
6 7 (3% semi-an.) Below.
In 1898 on preferred, Feb., 3 p. c.; June, 2*2 p. 0.; on common, first
dividend Feb., 1898, 1H p. c.; Sept. 1 5 ,1 ^ p. c.—V. 67, p. 125. Sept.
15,1% p. 0.
Bonds.—See application to Stock Exchange in V. 49, p. 657. There
are $125,000 Carondelet Gas 1st mortgage' 6s. The $500,000 gold
coupon notes were authorized for extensions to be made in 1896.
L atest E arnings.—For nine months ending June 30, 1898, net
earnings were $645,733, as against $577,540 in 1897.
A nnual R eport.—For year 1897 (including Carondelet Branch) net
earnings were $883,059; in 1896, $782,213; in 1895, $883,899; in 1894,
$808,518; in 1891, $582,460. N. Y. office, 40 Wall S t—(V. 67, p. 125.) ■

132

INVESTORS’

S ÜPPLEMENT,

[ Y ol, LXVII

;____________
MISCELLANEOUS._________________
INTEREST
Date
Amount Rate Per When
Par
For explanation of column headings, «fee., see notes od of
Bonds. Value. Outstanding Cent. Payable
first page of tables.
Laclede Oas Light—( Oon.j—Pref. stock, 5%, cumulative.
1st mortgage, g o ld .....................................................C e .o 1 Í889
Coupon notes, gold, $500,000, red. in 2 years................. 1896
Lehigh Goal A Navigation—-Stock, $14,366,650..................
1st M., canal, 6,030 acres coal and76 m. L. & 8. E R ...r 1864
lstm .,g.,L eh . & Sus.RR. (old 6s ext. in g. Feb.’ 97) F .P .r 1867
2d M. Can.Coal & RR.; 1st M. Nant.RR.,6s ext.,’97, g .c* 1867
Cons. 3d M. Canal, Coal & 122 m. RR.; 2d M. 26 m. RR.r 1871
General mortgage for $15,000,000, gold............ F . P . -r 1884
Collateral trust for $1,500,000, gold ............................ c* 1895
New mortgage, $7,500,000, g .....................
e* 1898
Lehigh A Wukesbarre Goal—Real estate M. (ext. in ’97).. 1867
1st gen. mort. sterling loan, sink, fund, drawn at 100..c 1874
Con. M. (see text); (coup’ s held by Cent. N. J.,$5,472,552) 1875
5s of 1912,cum. sinking fund (not d r .) ...,........ .......... c 1888
Louisville Bridge Go. and Louisv. A Jeffer. Bridge Go.— See R
Marsden Company—Common, $35,000,000.......................
Preferred, 6 p. c. cumulative, $15,000,000..................... 1897
Maryland O C
ooC —Stock, preferred (no bonds).....................
Mergenthaler Linotype—Stock..............................................
Mexican Telegraph—Stocx.......................................................
Michigan Peninsular Oar—Pref. stock (8 p. c. gold, cum.)
1st mortgage, gold.......................................... - ................o* 1892
Minnesota Iron Go.—S tock ....................................................
National Biscuit—Pref. stock, 7 p. c. cum., $25,000,000..
N. Y. Biscuit, 1st mortgage, gold, no call.................... c* 1891
Amer. Biscuit & Manufacturing, 1st mort., no oall....... 1890

$100
100 &o.
100 &c.
50
Various
Various
500&0.
1,000
1,000
1,000
1,000
500 &o.
£200
1,000
1,000
AILROA
100
100
100
100
100
100
100
100
1,000
1,000

L a k e Superior C onsolidated Ir o n M in es.—Incorporated in
1893, and owns or controls nearly all the important properties on the
Missabe Range, Minnesota, including the Mountain Iron Co., Missabe
Mt. iron, Lone Jack, N. Y. & Missabe Iron, etc., and the Duluth Mis­
sabe & No. Ry. Stock .—Auth., $30,000,000. Issued $28,450,000.
B onds.—In April, 1898, the mortgage was being canceled.
D irectors .—George D. Rogers, Fred. T. Gates, D. B. Searle, Edward
Y. Cary, George Welwood Murray, Lewis J. Merritt and Charles E.
Schelde. Pres., Fred. T. Gates; Secretary and Treas., Chas. E. Soheide.
Office, 26 Broadway, N. Y.—Y. 66, p. 811.
D am son C on solidated store Service.—Y. 66, p. 1 0 4 2 .
L eliigh Coal & N av ig a tion .—Owns canal from Coalport to Eas­
ton, Penn., 48 miles, and leases Delaware Division Canal, 60 miles.
Also owns Lehigh & Susquehanna Railroad, Phillipsburg, N. J., to Union
Junction, Pa., 105 miles, with branches, 56 miles, and leases for 999
years Nesquehoning Valley Railroad, 17 miles; Trescow Railroad, 7
miles; other lines, 17 m iles; total, 202 miles, of which 115 miles double
tracks; but all these roads are leased for 999 years from 1871 to Central
o f New Jersey RR., rental being
per cent of gross earnings, with a
minimum rental of $1,414,400. Delaware Div. Canal is leased for 99 years
from 1866 at interest on the bonds and 4 p. c. on stock, paid as rental.
B onds.—The $2,000,000 6s due Feb. 1,1897, and $1,842,500 of the
6s due Dec. 15,1897, were extended till 1914 at 4 p. c. in gold, tax free.
(See V. 64, p. 41,1001, and V. 65, p. 367,1114.
The general mort. of 1884 covers, subj. to prior bends, 7,460 acres
coal land, 48 miles canal and 161 miles railroad; bonds are reserved to
retire all prior issues. Ground rents and mortgages, $358,433.
As to collateral tiust bonds of 1895, see full statement. (V.61, p. 154.)
For full particulars as to new mortgage 041898 for $7,500,000, see
V. 66, p. 1139 (under “ Delaware Division Canal Co.” ), and also V. 67,
. 125. Of the new 4s $2,085,000 were issuable July 1,1898, to retire
480,000 Del. Div. Canal 6s and for other purposes.
Jointly and severally with Cent. RR. of N. J. guarantees $1,062,000
Leh. & Hud. River Ry. Gen. 5s, prin. and int. (V. 67, p. 788.)
Divs. since 1887. > 1888 ’ 89 ’ 90 ’ 91 ’92 ’93 ’94 ’ 95 ’ 96 ’97
’98
5
5 5 5^
6 4*2 4 4 4 May, 2
Per cent.............. > 4 ^
A nnual R eport .—Report for 1897 was in V. 66, p. 380. Coal pro­
duced in 1897, 1,530,823 tons; 1896,1,549,097; 1895,1,521,695.
Tear ending Dec. 31.
1897.
1896.
1895.
1894.
From RR&Nesque.Tun.$l,546,138 $1,550,625 $1,610,074 $1,485,515
Canals.............................
11,433 loss 16,060 loss 2,976 loss 16,927
Net profit on Leh. Coal..
296,400
226,946 loss 11,763
273,099
235,764
136,768 97,543
97,045
Royalty, etc...................
Total receipts.......... $2,089,735 $1,898,279 $1,692,878 $1,838,732
Int., rentals, taxes, & c.. 1,329,601 1,339,730 1,253,947 1,202,825
Surplus........ .................. $760,134
$558,549
$438,931 $635,907
Dividends......................... (4)573,866 (4)573,866(4) 573,866(4*2)645,599
Balance...........................sur.186,268 def. 15,317 df. 134,935 def. 9,692
Sinking fund...................
92,295
95,816
95,994
99,265
—(V. 65, p. 367,1114; V. 66, p. 3 8 0 ,1 1 3 9 ; Y. 67, p. 125, 788.)
L eh ig h Sc W ilk esb arre C oal.—Controlled by Central RR. of New
Jersey and owns 21,000 acres of anthracite coal lands and holds 3,000
additional aores under lease. It operates thirteen collieries and leases
about 4,000 aores of its coal lands to various individual operators.
Stock .—$10,000,000, of whioh $9,212,500 outstanding, $6,600,000 of
this being owned by Central RR. of N. J. In 1897 mined 2,132,042 tons.
B onds, E tc,—Of the consolidated mortgage seven per cent bonds only
$54,000 are guaranteed by the Central RR. of N. J., the holders of the
other bonds having freed that company from liability therefor, on con­
dition that it shall not colleot interest on the $6,116,000 consols whioh
it holds prior to their maturity unless such interest is earned, this
agreement being stamped on the bonds. The authorized issue of con­
sols is $15,000,000, but those unissued are in reality unavailable, since
by the terms of the agreement just mentioned they would not if issued
be entitled to stand ahead of the consols owned by the Central of N. J.
A sinking fund for bonds due iqis is provided from sales of surface
lands and from 10 cents for each ton of coal mined on property covered.
G eneral F inances.—The Central of N. J. on Jan. 1, 1898, owned
$2,353,000 income B bonds and $5,900,672 consol, mort. coupons
past due but not collectible, as above stated, till June, 1900. Bills
payable outstanding were $3,400,224; “ other indebtedness” , $3,012,704.—See V. 64, p. 466. In April, 1898, L. < W. Coal Co. had no float­
fc
ing debt other than that due the Central RR. of N. J., excepting
$375,000 borrowed money—see also Cent. RR. item V. 64, p. 1041.
annual R eport .—Report for 1897 was given in V. 66, p. 808.
Gross.
Net.
Interest. Sink. Fund.
Balance
$735,379 $201,855 def. $99,749
1897......$7,698,128 $837.484
1896..... 8,385,447 524,508
11745,828
227,662 def. 448,979
1893..
...11.088.211 1,435,630 ^
-$986,601-------- - sur. 449,02q
II Interest charges in these years do not include int. on consols held
by Central of N. J. RR., on which no interest has been paid since 1893.
President, J. Rogers Maxwell.—(V- 66, p. 760; V. 66, p. 8 0 8 .)
L o u i s v i l l e & *J eft'ersoii B r i d g e . — \ See Bailroad Companies.
M a d is o n S q u a r e G a r d e n .—See Supp. of Jan., 1898; V. 67, p. 690.)
M a n h a t t a n B e a c h H o t e l Sc L a n d C o .—See Supp.of Jan., 1898.
M a r s d e n C o m p a n y .—Incorporated in February, 1897, to manu*
facture products from cornstalks— V. 65, p. 235, for uses o f productse
In April, 1898, the outstanding oommon stook was increased to $30,600.000. (V. 65, p. 235, 327, 463, 729,1024,1174; V. 66, p. 134, 811.)
M a ryla n d Coal Co.—Controls 6,000 aores o f land in Alleghany
and Garrett oounties, Md. Stock .—Preferred as in table, and in addl-




$2,500,000
10,000,000
500.000
14,346,650
5,000.000
1,992,833
1,842,500
2,470,750
3,686,000
1,500,000
See text.
500,000
162,600
11,500,000
2,712,000
D Companie
30,600.0 0
1,500,000
1,885,005
10.000,000
2,000,000
5,000,000
2,000,000
16,500,000
23,000,0u0
1,156,000
545,000

7 in 1897
fi g• 5 g.
4 in ’ 97
4*3
4 g.
4 g.
7
41
flg.
4Hsg.
4 g-

S.

6
7
5

Whom.

iBonds—Pnnoi «
pal, When Due.
' Stocks—Last
Dividend.

J. & D. N-Y., H.B.Hollins; St.L. Jnel5’ 98,21
3%
do
do
May 1, 1919
Q.—F.
Feb. 1, 1901
M. & N. Philadelphia, Office, May 27,’98,2%
do
do
July 1, 1914
Q.—J.
do
do
Q.—F.
April 1,1914
do
do
J. & D.
J une 15,1914
do
do
June 1, 1911
J. & D.
do
do
May 1, 1924
Q.—F.
do
do
M. & S.
Sept. 1, 1905
1948
J. & J.
Phila., L. Coal & Nav. Co. June 1, 1900
J. & D.
M. & N. New York and London, May 1, 1899
Q.—M.
do
do
June 1, 1900
do
do
M. & N.
Nov. 1, 1912

4 in ’98 J. & J.
16i*in97 Q .-M .
10 ïn ’97 <4-—JVarious.
5 g- M. & S.
Q.—J.
Q .-F .
6 g- M. & S.
F. & A.
6

New York, 1 B’dwav. July » ,’98,2%
N.Y., 114 Tribune Bld’g Sept. 30, ’98. 5
N. Y., Office, 37 Wall St. Oct. 15,’ 98,2*3
N. Y. Guar. Trust CoJ8ep.30,’98, 2%
do
do
Sept. 1, 1942
N. Y., Mills Building. Oet.15,’9 8 ,1*2
Chicago.
Oot.31,’98,15i
N. Y., Kountze Bros. Mch. 1, 1910
Chicago
I Aug. 1, 1911

tion old common, $11,100, and treasury stock, $103,895. The last of
the bonds was paid off in 1897. Coal produced was: 371,233 tons in
1897; 359,624 tons in 1896; 449,234 tons in 1895. Annual report for
1897, with balance sheet, was in V. 66, p. 383. Surplus earnings in
1897 over Interest, etc., were $109,020; in 1896, $95,506; in 1895,
$114,045; dividends in 1897 (4 p. c.) called for $75,368, leaving bal.
surplus for year $33,652. New pref., 1893, paid 2 ^ ip. o.; 1894, 3^;
1895, 4*2; 1896,5; 1897,4 p. c.; in 1898, 4 p. c.—(V. 66, p. 3 83.)
M e r g a n t lia le r L in o t y p e .—Listed in 1898. Dividends in year
1897,16»« p. c.; in 1898, Mar., 5 p. «.; June. 5 p. c.; Sept., 5 p. c. Last
report in V. 65, p. 8 6 7 ; statement as to rival co’s, V. 67, p. 371. V.
66, p. 337,1189; V. 67, p. 371.
M etropolitan T elep h o n e Sc T e l. C o.—See N. Y. Telephone Co.
M exican T eleg ra p h .—Company organized in 1878 under laws o f
New York State. Has a cable from Galveston to Tampioo and Vera Cruz,
738 m iles; land line, Vera Cruz to Mexico City, 267 miles. Also direct
cable from Galveston, Texas, to Coatzacoalcos, Mexico, 825 miles, dup­
licating the Mex. Tel. and Cen. & So. Am. Co.’ s Gulf cable system. O wn s
2,125 shares of the Central & So. Am. Telegraph <"Vv, whioh see.
D ividends —In 1882 to 1886, inclusive, 8 per cent yearly; from 1887
to Oct., 1898, both inclusive, at rate o f 10 per cent per annum.
Earnings.—Gross earnings for year 1897, $343,508; net, $234,493;
divs., $191,260. J. A. Sorymser, Pres., 37 Wall St., N. Y.—(V. 62, p. 68 2.)
M exican T elep h o n e.—See V. 66, p. 1 0 8 7 .
M ic h ig a n -P en in su la r Car Co. — Organization , E tc. — An
Illinois corporation formed in 1892. (V. 56, p. 208.)
Stock .—Common authorized, $3,000,000; outstanding, $2,000,000.
D ividends .—1892.
’93.
’94.
’ 95.
’96.
’ 97.
’ 98.
Common,p. o.. 0
8
0
0
0
0
....
Preferred, p. c. 2
6
0
1
4
1 Inol.Sept,7%
Overdue on preferred in December, 1897, 28 per cent ($1,350,000).
N et E arnings.—For year ending Aug. 31, 1898, net earnings were
$670,877; interest, $100,000; div. on preferred, $300,000; bal. surplus
for year, $270,877. In 1896-97, net $176,669; interest, $100,000; divi­
dend on pref. $50,000. President, Frank J. Hecker. (V. 65, p. 8 6 8 .)
M in n esota Ir o n C o .—To be consolidated with new Federal Steel
Co. (which see). Each share on payment of $27 10 to receive $135 50
preferred and $108 40 oommon stook. In Ocr., 1898, over 90 p. c. of
Minn. Iron stook had been deposited.—(V. 67, p. 530, 578, 633, 736.)
N ational B isc u it.—Organized in 1898 as a consolidation of
the New York Biscuit Co., American Biscuit & Manufacturing Co.,
United States Baking Co., National Cracker Co., Decatur Cracker Co.,
the Hamilton Co., and a number of smaller companies. V. 66, p. 82
134; V. 66, p. 237, 901; V. 67, p. 274. Capital stock $30,000,000 ($29,’
000,000 outstanding) com. and $25,000,000 of 7 p. c. cumulative pref t
D ividends .—On preferred, 1% per cent, paid May 81,1898, reported
more than earned, but it was decided in April, 1898. not to pay divi­
dends on common until considerable cash surplus had accumulated,
although business was then improving. V. 66, p. 901. Second divi­
dend on preferred, 1% p. c., paid Aug. 31,1898.
Bonds.—$100,000 Am. Biscuit & Man. 4^8 due 1900 and $75,000 pur­
chase money mortgage bonds are out in addition to those in table. To­
tal amount of bonds of constituent companies, Aug. 1,1898, $1,878,500, all subject to call under yearly s f reductions,—V. 67, p. 274.
President, Benjamin F Crawford; Vice-President, H. V. Vories;
Secretary and Treasurer, O E, Rumsey.
H
N ation al Lead C om p an y.—Organization .—Organized under
the laws of New Jersey on Deo. 7,1891, as successor to the National
Lead Trust. It controls 26 extensive plants in different States for the
manufacture of white lead and other products.
Securities .—The preferred stock is entitled to 7 p. c. per annum cu­
mulative. Seeeditorial of May, 1893, Supplement , and V. 60, p. 349.
D ividends .— 1892.
’93.
’ 94.
’ 95.
’ 96.
’97.
’98.
Common, p. e..
0
2
3
1
0
0
Feb., 1%
Preferred, p. c. 7 per cent yearly (1 % Q-M to S ep t, 1898, inclusive).
A nnual R eport .—Fiscal year ends Deo. 31. Annual meeting is held
on a Thursday in February. The annual report for 1897 in V. 66, p.
381, gave the following statement: Net earnings, $1,532,376; divi­
dends, $1,043,280; balance for year , surplus, $489,096. In 1896. net,
$1,174,994. In 1895, net, $1,281,261.
GENERAL BALANCE 8HEET DEC. 31, 1897.
Plant Investment.......$23,474,338 Capital stock........
$30,000,000
Other investments.. . .
236,254 Surplus Dec. 31....
, 1,093,764
Stook on hand............ 5,286,061 Mortgages.............
12,603
Treasury stock............
190,600 Accounts payable
52,940
Cash in b a n k s............
374,959
Notes receivable..........
194,063
Aooounts receivable.. 1,402,979
Total assets.......... $31,159,307
Total liabilities__ $31,159,307
D irectors .—W. H. Thompson, E. C. Goshom, F. w . Rockwell, L. A
Cole, R. R. Colgate, A. P. Thompson, D. B. Shipman, J. A. Stevens,
George O. Carpenter, Jr., Edward F. Beale, Jr., J. L. M oBimeyR. P.
Rowe and Charles F. Wells. Pres.. L. A. Cole ; J. L. MoBimey, Treas.;
Charles Davison, Sec. N. Y. office, No. 1 Broadway.—(V. 66, p. 381.)
N ation a l Linseed O il.—Incorporated in 1887 in Illinois. Owns
35 linseed oil mills, 37 flaxseed ©levators and warehouses, ©to. Its
products consist of raw, boiled and refined linseed oil and oil meal and
oil oake—used for stook food and fertiliser—and it is said to employ in
tho man iaoturo of these from 60 to 70 per cent o f the country’s annual
crop (of ten to twenty million bushels) of flaxseed. Stook listed in
N Y
September, 1890. See V. 51, p. 348.

O c t o b e r , 1898. J

MISCELLANEOUS STOCKS AND BONDS

183

S u b scrib er, w ill con fer a great favor by g iv in g Im m ed iate notice o f a n y error discovered In these T a b l e .
Bonds—Prlnol
INTEREST OR DIVIDENDS.
pal,When Due
MISCELLANEOUS.
Date Size, or
Amount
Where Payable, and by Stocks—Last
When'
Par
Per explanation of column headings, &o., see notes on of
Whom.
Dividend.
Payable
Bonds Value.
first page of tables.__________
N. Y., 100 William St, Feb. 15,’98,1%
$100
National Lead Oo.—Stock, common, §^ 5 ,000,000 auth’d ..
do
do
Sept.15,’98,1%
100 14,904,000 7 in ’97 Q.—M.
Preferred stock (7 per cent, cum.) $15,000,000 aath ....
Chicago, Offlcp.-,
Sept. 16, 1895
100 18,000,000
National IAriMdd Oil—Stock (listed in N. Y. in Sept., 1894)
N.Y.0ent.Tr.,& Chicago Oct. 1, 1911
" * 6 V A. & O.
1,500,000
1,000
Mortgage, gold, $1,500,000 (drawn for s. f., 105).----C *1896
2,219,400 4 in ’97 M. & N. N. Y., Office, 1 B’way. May 2 ,’ 98, 2%
100
National Starch—lstp ref. stock, cum. 8 p.o. ($3,0(K^000)..
Jan., 1893,6%
do
do
J. & J.
1,846,800
100
2d preference stock, cumulative, 12 p.cent ($2,5UO,uuu)
N.Y.,ChaseNationalBk. May 1, 1920
1,000 a 3,837,000
6 g- M. & N.
1890
July 1, ’97, 2%
New York.
1st mortgage,(for $4,500,000), 8°}d r:•-¿v
Q —J.
Text
7.500.000
100
National Wall Paper.—Debenture stock, $ ^ 0 0 ,0 0 0 8% ..
100 12,000,000
N. Amsterdam Oas—Stock, common, $ 13,000,0 0 0 . ------- . . . .
9.000.
000
Pref. stk., $10,000,000,6 p.o. (cum. aft. Nov. 1, laou) . . . .
T
F. & A. E . Y ., Central Trust Co. Aug. 1, 1899
1.000.
000
1,000
Mob. 1, 1932
do
do
Equitable Gas Light, 1st mortage.....................................
M. & S.
2.500.000
1,000
1901-Ï 906
do
do
Consolidated m ortgage...................- .............................. 1896
M. & N,
500.000
Debentures (call May 1 ,1 9 0 1 .................................... . 1894
J. & J. N.Y. Guaranty Trust Co. Jan. 1, 1944
3.500.000
1,000
N. Y., Kniok’b’r Tr. Co. Jan. 1, 1945
tjW XUIK 06 ijaiBt A IVoi v c o
V
Jt
j
j
& J.
1.500.000
1,000
Jan. 1, 1948
1st consolidated mortgage ($5,000,000), gold
. . .c 1895
New York Office.
& J.
New Ams’dam 1st cons. AL. gold, $20,000.OOo.-C«.^ < i 1898 l.OOO&c 8,005,200
fe
& J. N.Y..H.B. Hollins & Co. July 1, 1927
3,000,000
1,000
1897
Oct.3,1898,2%
Central Union Gas, guar. p. & L, N. Y. & E. K ....^ e .o
New York Office.
& O.
1,000,000
20
Dec. 1, 1947
New York.
New Central Coal—Stock.............; *•
¿vt; V ÄÄVKÄ ** Y 'A1
1
5 g. J. & D.
See text.
1,000
New Engl'd Oas A U o * c -ls t mort., $17,500,0^ , gold.Ce 1897
Boston, 125 Milk St. A u g.l5,’98,lL»
100 11,415,700 5*2 inv97 Q.—F. Boston,Bank of Bepub, Apr. ’ 99-1900
New England Telephone dt Telegraph—
Stock,
A. & O.
6
932.000
Apr., 1906-7-8
Bonds, 1st & 2d Ser., each $500,000 (r®d. up to 1 0 2 )...o '89-’90 1,000
do
do
A. & O.
6
1.500.000
Bonds, Ser. 3, 4 & 5, $500,001) ea., call aft. 10 yrs. at lO. 1891-3 1,000
A. & O. B o s t, Nat. Bk. Com’rce Apr. 1915&’ 16
5
850.000
11895-6 1,000
Bonds, Series 6 & 7, $500,000 each, not subject to call.
15J.&J. I. E. Gates, 35 Wall St Apr. 15,1990
5
2,000,000
1,000
Apr. 15,1937
Newport News Shipbuilding A D ry Dock.—1st m ort.. .c &* 1890
.1
do
do
J. & J.
5
600.000
1,000
Chesapeake Dry Dock & Construction 1st mortgage— 1887
R eorganization Committee .- I n September, 1898, Frederic P. Olcott, Samuel Thomas and Henry W. Poor
¡ftook with ?he B o s S Ä s P Ll|ht Co., the South Boston Gas Light Co. and the
mittee to undertake reorganization and »sked deposits of stook with Roxbury Gas Light Co.; briefly, all the gas companies In Boston.
CiAntrftl Trust Co. of New York. V. 67, p. 530,634. some spocKUOKicrs
S to ck and BoNDS.-Oapital stock a u t h o r e d is $17.500,000; to be
are disposed to insist on retirement of present
dependent reorganization without receiver ship. Suitsfor
receiver, innnnd 4ii4 000.000. par $1,000. First mortgage is for $17,500,000
at
after Deo. I, 1902), of
have
brought bv small stockholders, are pending. The bills pays me on (redeemable and105 secured by a mortgage onwhich $14,000,000 propare
all the company s
Aug. 1,1898, were reported as $3,814,790, with offsets of more or less been issued
value. See V. 67, p. 736.
»*«•>.
>
’teaV Ä Ä w,ng8i S Ä :
DIVIDENDS.—In 1888, 3% P- e.; in 1889, 4 p .fi.; in 9 0 ,4 p. c.; in 91* Brookline Gas Light stock
............... « 0 0 , 0 0 0
$1,850,000
1,615.000
21« p. o.; then none till Sept., ’ 95, when 1 p. c. was paid.
§
certittcates of indebtedness........ 1,615,000
517,600
r epo rt for 1897. see V. 66, p. 426. Report issued i in February, Dorchester Gas Light s t o c k ....................
520,000
1,000,000
1896 (V 62 p 275), covers 17 months to Dec. 31, 1895,
S™!8 Boston United Gas bonds. 1st series.......... 9,000,000
138,200
ì??flte;$ l,1 7 Ì;6 8 9 ; net proflts, $479,689; dlv., $180,000. V .6 6 ,p . 617. Jamaica Plain Gas Light C o.........................
250,000
1,000,000
D irectors .—Alexander Euston, President; W.P. Orr, Samuel Thomas, Massachusetts Pipe Line C o ........................ 1,000,000
E arnings.—Statement of the earnings of the several companies com F, D. Locke, Marcus Simpson, D. S. Holmes. Charles Hodgman, J. P.
Reiser; T. G. McCuUoh, Vlce-Prest. and Treasurer; A.
Bugg, Swi y. posing the New England Gas & Coke Co. for year ending June 30,
Executive offices, Old Colony Budding, Chicago, I11.-(V. 67, p.223, 1897, with balance sheets for each, was giv^n in V. 65, p. 1112, show
ing total sales of gas for the year 3,391,244,000 feet and gross earn275, 371, 530, 634, 736.)
v o t in n n i s ta r a li M a n u f a c t u r in g .- —
-Incorporated 1890 in
Kentucky, to own properties capable of producing from 230 to 240 ^ThepnMipeotusof the new company was in V. 65, p. 1221 (see also
miUion pounds of starch yearly. The twenty concerns whose plants, p. 1115) showing expected income as fo llo w s :
trade marks patents, business and good w ill it purchased were located Gas companies in proposed purchase earned net for year
1896 in excess o f.............. ............... .
....................... *p40u,uuu
in the States of New York, Ohio, Indiana, Illinois, Iowa and Kansas.
Estimated profit on coke and on gas residuals........... ..... ......
24» , dug
The preferred stocks have preference as to principal ®*w®.HJ18.1
dends Wording of pref. certificates was in editorial of May, 1893, Bale of 2,500,000,000 feet of gas at 20 cents, per contract,», ^ J o S o
Sale of 2,500,000,000 feet of
uvw ,«««
Supplement . Annual meeting first Wednesday in February. No report. Saving by use of coal gas by Brookline and Dorchester cos ___ 90,000
Stock .—Common authorized, $5,000,000; outstanding, $4,450,700.
- • ...$1,298,500
Total net p r o fit s .......--. ............................ .
D ividends . 1890 t o ’92.
’93.
’94.
’ 95. ’ 96. ’ 07. ’98
700,000
£
0
0
4
4 May A Interest on tlm $14,000.000 New Eng. Gas & Coke Co. bonds
1st pref. stock....... ^8 yearly
2d pref................... 12 yearly
6
0
0
0
u
Balance for stock..................... -—
..............
Common................ In March. 1891, paid 1 p. c.; none since.
This income ‘ ‘will be applicable for dividends as soon as the ovens
In Jan.. 1898, dividends in arrears: 1st pref., 30 p. c.; ^d pref.. 64p.c. can be finished, which will take about nine months.”
The loùowing unofficial statement was published in Feb., 1898, cov
T rustees .—Trustees of N. E. Gas & Coke Co. are as follows : George
ering the operations o f the year 1897:
V
Net profits.
Interest. Sinking fund.
Bai., surplus. G Haven, Robert C. Pruyn, Stephen Peabody. V . L. Elkins, Jr., Wil$483,000
$194,400
$148,500
$89,000
$51,100 lian Flinn H. M. Whitney, Henry F. Dimock, Wm. L Elkins, Anthony
N. Brady,'Emerson MoMillin, Richard Olney, Robert W. Lord, Almeno.
D irectors _W. F. Piel, Jr., President; William Duryea, Chester W.
Chapin, Charles C. Bums, Secretary and Treasurer; W. Emlen Roose­ H. Paget.—(V. 67, p. 178, 275, 369.)
N ew E n g la n d Telep h o n e Sc T e le g r a p h .—This c o m p l y does a
velt. John Duryea, Alex H. Stevens, J. K. O. ®J*^wood, IVillett H. C.
Coles Albert Erkenbreoher, Clifford B. Wright, H. R. Wood, Vice-Pres., telephone business in Maine,; New Hampshire,.Vermont and.Massachi^
John’G. Agar, Henry W. Piel, Louis T. Duryea,William F .P iel^ ich a rd setts under license from the American Bell Telephone Co. On January
Johnson, A. R. Beardsley, Fred M. Gilbert, Chas. Lautz, F. C. M. Lautz, I , 1898, it had 40,225 stations in all, against 34,938 in i» y /.
New York office, No. 1 Broadway. (V. 66, p. 3 3 4 .)
Stock and B o n d s —On Nov. 4, 1897, Treasury stock for $532.300
N a t io n a l W a l l P a p e r C o .—Organized July, 1892, and absorbed was sold to stockholders at par. and $488,000 was issued m Pebmary
twenty-eight companies. In February, 1897, President Burn testified and March. 1898, under offer in V. 65, p. 328, making total outstana
before the Lexow Committee at New York that there were about 17 ing $11 415,700. V. 66, p. 9 5 1. In Aug. ’97, dividends were increased
companies outside the National Co., and that the Nati°naL Wall Paper ftfm a 5 to a 6 per cen tb a sis. V. 65, p. 195. The bonds are debenCo. did about 65 per cent, o f the wall paper business; in 1896 turned fiiTina but arc to be scoured by aoy mort^a^o placed on. the property.
t The Stockholders on July 6, 1898, voted to
out about 120,000,000 rolls of paper.—V. 64, p.1088. s*
Stock .—Common stock was originally $14,000,000, but has been in from $12,000,000 to $15,000,000, to provide for future^retirem ents
oreased to $30.000,000 ; issued $27,931,500 for good will, patents, etc as they arise and take up the 6 per oent honds maturin, with n the
D ividends—To January, 1898, no dividend had been paid on deben next three years at the rate of a^out $a00,000 a year.—V .6 7 ,p .2 9 .74.
Iu Aug., 1898, $570,700 stock was offered to stockholders at par, to be
ture stock since July, 1897.
. . . ,, -, aQQ.
delivered Nov. 16. V. 67, p. 320.
.
The following general balance sheet was filed in April, i » a a .
Dividends .— ) 1886-93. 1894. 1895. 1896. 1897.
1898.
Buildings................. ..
$768,453 |Common stock............$27,931,500
8,720,477
P ercen t.
5 3*2 yearly.
4
41
«
5
o
Machinëry.............
2,152,815 |“ D ebts” .....................
352,829
A nnual R eport .—Fiscal year ends D®^ 31. Report for 1897 was
Cash and dbts receiv.
3,113,482 R eserves....................
in V. 66, p. 951, showing gross earnings $3,097,0 9, net over inter
Merchandise...............
2,609.030 Balance assets over
liabilities..................
10,106 est, maintenance, taxes, etc., $660,425; dividends (5 ^ p. o.)i $569.543,
Patent rights.............. 28,231,500
balance, sur., for year, $90,882. (V. 66, p. » 5 1 ; V. 67, p. 29, 74, 320.)
Miscellaneous..........
139,632
N ew p ort & C in cin n a ti B r id g e C o .—See R ailroad Cos.
Total assets............. $37,014,912 | Total liabilities
$37,014,912
N. Y. office, 418 Broome Street. (V. 64, p. 1088, V. 66, p. 7 5 8 .)
N ew Y o r k B isc u it C om p an y .—See National B iscuit Co .
N ew Y o r k & E a st B iv e r G as C o.—See New A msterdam Gas Co .
A m s t e r d a m G a s C o.—Incorporated Nov. 1, 1897, as a
consolidation of N. Y. & East River and Equitable Gas Light, as per
tvaot Y o r k Sc. E a st R iver P erry.—Owns the “ Astoria” Ferry be­
tween Astoria, L. I., and foot of 92d St., New York, and has three ^ferry­
p l a n in V. 66, p. 133.
Securities .—The securities authorized are: $13,000,000 of com boats. Capital stock, $750,000; dividends are payable Q.—M.. in 1895,
mon stock, $10,000,000 of 5 p. o. preferred cumulative after Nov 3 p .o.; in 1896, 4 p .o.; in 1897, March, 1 p. o ; June, 1 p. c.; Sept.,
1 1900, and $20,000,000 o f 1st consol. 5 p. c. bonds, of which $9,000, 1*4 d . o.; Deo., l ^ p . o.; in 1898, Mar., II4 p. c.; June, l ^ p . 0., Sept.,
obo reserved to retire bonds of the old companies assumed by the 1Î4 P. e. Directors (Oot., 1896)—WiUiam A. Nash, Théo. F. Jackson,
vTm Amatftrfam and shown in the table above. New consol. 5s H. K. Knapp, Emanuel Lehman and Roswell Eldridge.
£ r $ ^ ^ 8 0 0 , “ referred stock $1,000,000 and common $1,000,000
N ew Y o r k Sc N ew Jersey B rid ge Co. N . Y . —Organized to
will remain in the treasury available for future needs.
build a suspension bridge across the Hudson River
D irectors .—James Jourdan, August Belmont, William C. Lane and 60th Sts., N. Y. City, to New Jersey. President, James S. Clarkson,
Harrv Keene, Charles F. Dieterich, John C. Tomlinson, John Sloane Secretary, C. H. Swan. Office, 214 B’ way, N. Y. (V. 66, p. 237.)
o S s f! Catler, Anthony N. Brady, Frank f-H astings, Emanue
N ew Y o r k * N ew J e r s e y T e l e p h o n e .—Operates telephone
Lehmann, H. B. Hollins and Henry H. Rogers. (V. 66, p. 574, 616.(
lines under perpetual license from the Bell Company in Staten Island,
Long Island (including Brooklyn), in New Jersey in counties of Bergen,
N e w C e n t r a l C o a l (IH d .)—See p. 159.
N e w E n g l a n d G a s Sc C ok e.—Formed in 1897, and contracted Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset and
with the Dominion Coal Company, whose mines are in Nova Scotia, to Union. Its total stations on Jan. 1,1898, were 18,093 (oNwhich 8,247
M ip p lyit with a large amount of coal (800,000 tons or over per in Long Island), 14,336 in 1897,11,883 in 1896 and 10,102 in 1895.
a ^ u m ) at a very low” rate. This coal it proposes to turn : nto coke,
i
Stock .—In February 1894. increased from $2,535,000 to $3,500,000.
selling the gas, whioh would otherwise be a waste product, at an ex and in March, 1896, to $5,000,00t>, for improvements—see V. 64, p. 51o.
traordinarily low price (20 cents per 1,000 feet) for heating as well as
The stockholders w ill vote Oct. 27, 1898, to increase the stock t<*
lighting purposes. The company has acquired the charter obtained in $8,000,000. Of the $3,000,000 additional stock only $1,000,000, it
i f 96 by the Massachusetts Pipe Line Co. Tim
j£*al „*58
iJViecfrin was understood, would be issued in the near future, V. 67, p. 737.
000,000 Mass. Pipe Line stock was approved bv the Gas & Eleotrio
Bonds .—General mortgage of 1890 is now a first lien. Generals tor
$31,000 and $808,900 of stock were held in treasury on Deo. 31.
1897. for improvements, etc. Trustee gen. m°rtv> Atlantic trust 00.
line D^rcheste? an^ JTamaica Plain Gas Light Companies, which pur­ Rill« payable Dec. 31,1897, none ; real estate mortgages, $121,500.
chase c a : ^
the control (through right to vote the stocks de-




134

IN V ESTORS’

SUPPLEMENT

[VOL. L X V II,

Subscribers w ill confer a great fa v or by g iv in g Im m ediate notice o f any error discovered in these T a b les.
________________ MISCELLANEOUS
Bonds —
Prinoi •
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
iFar explanation of column headings, &c.,see notes on of
Par
Outstanding Rate perl When Where Payable, and by Stocks—Last
____________ first page of tables.
Bonds Value.
Cent. Payable
Whom.
Dividend. %
2Tew Y°rk<ê East River Ferry—Stock, $ 7 5 0 ,0 0 0 .............
$100
$750,000 4*2 in ’97 Q.—
M.rj B’klyn, Kings Co.Tr.Co. Sept. 15 ’98,1 ^
$750,000, gold ........................ . .............. k 1892
1.000
750.000
do
do
5 g. M. & N.
Nov. 1, 1922
Mutual Un. Tel. lstM .,g .,gu .,n otd r’n .c 1881
1,000
5.000.
000
- 6 ’98 M. & N. N. Y., West. Union Tel. May 1, 1911
a
JerseV Telephone—Stock, $5,000,000...
100
4.662.400
in i- Q.—J.15 Bklyn,81WilloughbySt. Oct.15’ 98, lLj
Gen.M.(nowlst)$1,50O,000,g.,s.f.$20,000y’rly,notdr.o* 1890
100
1.353.000
5 g. M. & N. N. Y., Atlantic Tr. Co. May 1, 1920
S? Y
^ ^ “^ s t M., $600,000,g.,red. at 110.c* 1890
500
547.000
F. & A. N. Y., Central Trust Co. Feb. 1, 1910
T. &. T., 1st M., g.7 s. i . . . . .......o.fer 1888
1,000
1.926.000
M. & N. N. Y., 18 Cortlandt St. May 1, 1918
New York Æ Texas Land—1st M., $500,obo, g., red. 102*2 1897
1,000
400.000
Deo. 1, 1917
5 g- J. & D. N. Y., 2 Wall Street.
a
Company—Stock for $10,000,000..
100
3.219.000
$1-0,000,000, g., coup. J&J; reg. $500, Q—J.c&r
500, &c,
7.704.000
5 g. J. & J. N. Y. Mills Building.
Jan. Ï / Ï 9 3 2
North American,—
Stock for $50.000.000f
^
100 39,733,600
-Northern Union Gas (N. Y.)—IstM .. $1 50ÖÖ0Ö 's K ‘c,;
1,000
1.250.000
5 g. M. & N. N. Y., Knickerb. Tr. Co. Nov. Í,"*Í927
50
i 7 Â
m iî Î 7 s ^ e i ’ 6 i ' Ä
west un
2.500.000
J. & J. N. Y., West. Un. Tel. Co. July, ’ 98, 3%
■Ohio
no^ drawn. interest guar.c’
500
1.180.000
J. & J.
do
do
Jan. 1, 1904
100
8tock’ 8 Pcum.? gold .
800.000
Various N.Y., Maitland, C.& Co. Oct., ’ 98, 7 %
1,000
Paride Coast ’Â 20 a ? ° ? 6T an” subJ- to caU at 105...o*&r.
Gm I Ï Co.—Stock, common, $7,000,000...
480,000
A. & O.
do
do
Oct. 1, 1922
racijlc
100
6,809,600
N.Y.,Manhat. Trust Co Oct. 1898,1%
100
2dtn ^efm i^ do+«0^k,£^i1^S,5’000>4 p. c. non-cumulative
1,515,500 5 in 1898
do
do
July 20, ’98, 5
preferred stock, $<1,000,000, 5 P<0' non-oumulative".
100
3.914.400
do
do
Oct. 5, ’ 98, 3
p ls .tm°rtgage, $5,000,000, gold ... . . . . . . . . .
Ma
1,000
4.446.000
New York.
5 g. J. & D.
<
Pacific Mail Steamship—Stock..........
........
June
100 20,000,000 See text J. & D. N. Y. Mercantile Trust. June 1,1,1946
’98,1%
Pennsylvania Canal—Qe,n. M., $5,000,CÖÖ! int.’ guur" ' "c*
1,000
2.511.000
6
J. & J. Phila.,Broad St. 3tation July, 1910
Pennsylvania Ooal—Stock . . . . .. 7 . . . . . . . . . .
®
50
5.000.
000in ’ 97 Q.—F. New York, 1 Broadway. Nov. 1, ’98,4%
21
zw ü" ™eati LfoM A Power—See P enn." M’ f ’ g L ight &
R.
£ m t * P o w er -Stock, $5 p a id ....:.
50 15,000,000 See text.
Oct.15,’ 98,5 0c
Phiî^Tri^^rU8/iCertii cates’ gold (Edison stock as coll.)) 1896 100 &c. abt. i,goo,coo
5 g.
Philadelphia.
Aft. Apr.,1946
Phila. Elec.
do
do
(Penn.H.L.&P. stock as col 1898
1,000 abt. 12 ,000,000
5 g- A. & O. LandTit. &Tr. Co.. Phila. April 1,1948
■
H
r 1 18| 218931 8 9 4 10 Oct., 1898, inclusive,
H istory .—Successor on Dec. 1,1897, to the Oregon Improvem ent
_7 61 cent.
s 6
6
7% yearly (incl. 1% extra in Jan.)
m l , sold in foreclosure and reorganized p. p la n in V. 65, p. 412, 463.
^^ A? ^ N®s,—RePort for 7 6ar ending Dec. 31,1897, was in V. 66. ó.
B onds.—New firsts for $551,000 are reserved for new steamships
$1
’ net’ $553.467; interest, taxes, etc.,
®i5 K^]V
Eo=nd84r$272,421; balauce, surplus, $171,741. In 1896, etc., at not over $100,000 per ann. Aoo’nts pay. June 30,’98, $696,739
D ividends .—On 1st preferred 5 p c. and on 2d preferred 1 p o.
«rose, $1,554,585.—(V. 66, p. 4 6 9 ; V. 67, p. 737.)
’
paid July
On
preferred, 3 p. o., and on
L a n d C o . —Organized in 1889 in interest common, 120,1898. (V. 66, p. 1238.) 67. 2d 635.
p. c., paid Oct. 5,1898. V.
p.
inri^ihTti t u Í t
° & Western KB. Co. to acquire anthracite coal
Earnings.—9 months, ) 1897-98.. Gross, $3,955,686; net, $919.336
^ i ? a ??a
aggregating about 855 acres,” and
Dec. 1 to Aug. 31.
( 1896-97.. Gross, 2,737,106; net, 538’476
toH h ^ N cw v^-vaiS al leas 7»°00,000 tons of coal. The coal is leased
tinn nnn+A^aZ 2rki & ®cranton Coal Co., .minimum production to be a i m ^ ?J -T 8tatement to N. Y. Stock Exchange in 1893, with balance
¡311661), 6 C „ ID V. o 7 , p. 2 o.
0
.
Ififtlvnon u ^ f lr ’ sand is a lt hauied by the N. Y. Ont. & W. Stock,
M hU lflBI Ron^8 redeemed, $53,000, sinning fund being 6 cents per
The following is for the seven months ending June 30,1898, after
ton o f coal mined; trustee, Central Trust Co?, N. Y. See V. 50, p. 105. deducting all the dividends declared to October, 1898 :
N e w Y o r k S u s q u e . & W e s t e r n C o a l.—See S upp., Jan., 1898. Gross earnings. ____ $3,081.502 Int. on bonds (7 m os.).. .$129,670
N e w Y o r k T e l e p h o n e .—In 1896 this company took over the Op.expenses and taxes. 2,395,145 Depreciation (7 m os.)
81,665
Div. on 1st pref. (5%)
76,256
r!a^ aHi?!i h a M ^ P ^ an T•A.T- Co, with exclusive rights under a
°
Net earnings.............. $686,357 Div. on 2d pref. (4%)....... 160,000
P?^P^?al license from the American Bell Telephone Co. to the tele6,960 Div. on common (1 % ).... 70,000
?n^h<!^H?,ineS8 ^ k i 1 ^ 1 , ? ^ of New York and its suburbs, its terri- Interest and discount..
1
a ?ÍJ jiaY11?g a i ’a? iu2..of. 33 miles from the New York City Hall in all
Total net income....... $693,317
Balance, surplus........... $175,725
directions) and the Westchester Telephone Co. (V. 63, p. 30.)
YEARS ENDING NOV. 30.
Officers .—President, Charles F. Cutler; Secretary. John H Cahill
r,
,
1897.
1896.
1895.
Treasurer, William R. Driver. (V., 63, p. 30, 229.) **
. .
Gross earnings......................... $4,136,170
$3,221.621
$3,258,503
N e w Y o r k Sc W i l k e s b a r r e C o a l.—See Supplem . of Jan., 1898 Net earnings..... .......................
569,656
354,240
389,917
N ia g a r a F a l l s P o w e r C o m p a n y .—Organized in 1886 and un
D irectors .—'To serve one year—Hamilton H. Durand, Herbert A.
>
T*M
Aff?e01^RaCt8
Yi°rk state bas authority to use the water of lu cker and JohnKean. To serve two years—E. H. Harriman, Danie.
Niagara River for developing power at Niagara Falls, and also to 8. Damont and Henry W. Cannon. To serve turee years—Grant B
transmit any power, heat or light developed from such water to prac- o , le ’
l
J®fforson Coolidge, Jr., and J. E. Heimerdinger.—(V. 66, p.
P
New York «tato Its hydraulic workl. with aPC
ap- 83,521,1002,1190, 1238 ; V. 67, p. 2 6 , 29, 635, 690, 789.
a city of 100,000 horse power, have been constructed and include the
Pacific M a il Steam sh ip .—An agreement made with the Panama
building of 7,000 feet of tunnel, wit ti intake canal, wheel-pits etc The
RK. in December, 1895,for3 years covers joint traffic between N .Y .and
la? d- The tunnel was first used January!
®
dltorial V. 61, p. 46. Buffalo industrial, tramways and Central America and Mexico and the U. 8. coast. (V. 63, p. 78.)
D ividends .—N » dividends from 1887 until Deo., 1896, when 1 p. o.
electric light companies use its power.—(V. 63, p. 923,1114.)
was paid; in 1897, June, 1 p. c.; Dec., 1 p. c.; in 1898, June 1 p. c.
J f K ^ Stoc^ authorized by charter $10,000,000; by stockholders
L atest E arn’ gs.—4 mos., ? 1898.Gross, $1,637,809; net, $651,837
A M R an increase of $500,000 having been authorized in June,
May 1 to Aug. 31.
J 1897 Gross, 1,410,955; net, 324,561
1897. Issued to June 30,1897, $2,923,000.
’
A nnual R eport .—Fiscal year ends April 30; report for 189 7-98,with
.,.2 ?r a 8 ~ ]5
Ioi?;gage (trustee is Central Trust Co.) covers 1,071 acres of
balance sheet, was in V. 67, p. 219. The Atlantic lines were discontin­
city property, tunnels, franchises, rights-of-way,etc.
ued m 1896 under a contract with the Panama RR. On April 30. 1898.
n£ r f C o m p a n y . —Organization .—Organized in 1890 current liabilities were $172,831; current assets, $1,564,742.
von<
*
1 non
i
7T I
I
A
of New Jersey, as successor to the Oregon % Trans-Conti­
Tear•ending Amm on
Apr. 30.
' 1898.
1897.
189c
1895.
nental Co. Is interested in street railway and electric enterprises
Atlantio lines..................)
$230,119 $223,829
R le. ™ ic R ai l w a y & Eight C o.-T h is company, con- Panama lines..................} $3,668,477
c
2,162,801 2,105,435
woiled by the N. A. Co., owns the entire system of street railways Trans-Pacific line........ j
1,463,958 1,362,437
55,917
69,333
^ M ilw aukp1 81V
«
distributing electric light and power Subsidies..........................
74,060
80,000
in Milwaukee V. 62, p. 1136. See Street R ailw ay S upplement .
Miscellaneous..................
339,827
311,478
292,000
316,171
Cincinnati E dison E lectric Company .—This comnanv has sa
Total earnings........... $4,064,221 $4,140,149 $4,222,938 $4,087,872
OUfefitfife contract for the public lighting of the e n fe ? c i t y of Cin714,258 $708,382 $712*632
years and with it a valuable franchise for commercial Net earnings.................... $620,543
• W E S « * ® ® » term of twenty years. Net e a rn in g for vea^^ndm i
Directors and Officers —Henry Hart, Isaac E. Gates, Calvin S*
April 30,1896, of Cincinnati Edison Co. were $70,000.
g Brice, Samuel Thomas, G. H. Macy, Geo. J. Gould, Russell Sage»
CoUisP.
0 0 0 ^ 7 4 h ic h ° o ií ^ n enno1 n ífínerÍv an aatbori,zed capital is $50,000,- Hellen, Huntington, President; R. P. Schwerin, Vice-President; Jos.
^
C
Sec. and Treas., Mills Building, N. Y. (V. 67, p. 2 1 9 .)
°^ly $40,000,000 has been issued, this havine been ex
•ohanged, share for share, for stock of the Oregon & Trans-Continental!
P en nsylvan ia C o a l.—Owns ooal lands in Wyoming Valiev. Pa.
Dividends since 1881—From 1882 to Nov., 1898, inclusive, 16 per cent
S. annual R eport .—Fiscal year ends May 31. Annual meetine- is
per an. In Feb., 1894, paid 4 p. c. extra and in Deb , 1896, 5 p. o. extra.
P en n sy lv an ia H e a t , L ig h t Sc P o w er C o .—Organized in 1895.
and acquired control of Ed. El. Light Co. See further particulars in
S upplement of January, 1893. In 1893 the Penn. Man. Light &
Power Co. secured control by giving its tifty-year 5 per cent gold
trust certificates at the rate of $66 for each $50 share of the preferred
«oun is receivable, $161,025; secured loans, $387,543; cash? $219 o f f ’ stock and of $24 for each share of the common stock. Common stock
was $>,000,000, full p a id ; preferred $5,000,000, 70 per cent paid.
For year ending Sept. 30, 1897, net profits $324,503, and after p a y­
ing interest charges, dividends, etc., $5,200 was carried to surplus ac­
D irectors .—Edward Q. Keasbev. John I Batoh n ur
count, making total surplus $151,892.—(V. 65, p. 8 2 3 ; V. 66,p. 384.)
P e n n sy lv a n ia M an u fa ctu rin g L igh t Sc P o w e r.—A New Jer­
Edward Edes; New York Office, 32 BroTd St.’ (V 66?p7
sey corporation organized ia 1898 to control the electric »light compa­
nies of Philadelphia. It has secured control of the Penn. Heat, Light &
N o r t h e r n U n io n Ctas C o. (N e w Y o r k C it y .)—V. 65 p 621
N o r t h w e s t e r n T e le g r a p h .—Owns 8 OrtO milao nf
, Power Co. on terms above mentioned: also of Powelton. Manufac­
Wissahiokon, etc —in short, o all
leased to Western Union for 99 viar->S with
-and ls turers’ , Diamond, Suburban, the city except perhaps one or f two
electric-light properties
rising is per cent a year to 6 in 1897 and afterward? * d dm dends> thesmall importance. See V. of p. 237, 289, 384, 8 LI. Iu Mav, 1898,
of
66.
O h io F a lls C a r M a n u f a c t u r in g .—Common stnnt «in on n n arranged to absorb Northern Electric Light Co. (V. 66, p. 1016.) In
Bee Supplement of January, 1898. Dividends i i 1898 TaJ?1 q
0,000’ Aug., 1893, absorbed West End Eleotrio Co. V. 67, p. 275.
Apr., 2 p. c . ; July, 2 p o. Balance sheet June 30 m
i “ '.' 3 P- o . ;
S tock. Stock authorized, $ 10,000,000, upon which 10 per cent has
P - f 80- ° c í- 1, 1898, 2 per cent regular dividend0was9páiTaand
f I’
dition 5 per centón account of back dividends V. 67,
n ad‘ been called, the proceeds, $1,500,000, being for improve ments, etc.
D ividends .—First dividend, 50c., paid Oct. 15,1898.
O r e g o n I m p r o v e m e n t C o .—See P acific Coast Co .
BoNi )I ^ L h« « ° “ Pany - it; 18 understood, will have outstanding not to
exceed $15,000,000 of collateral trust 5 per cent fifty-year certificates
-C o^sT lteV shfpStC®m“ ^ya , (Jwn?nT ite ^ n tííe ^ a p R a l ^
? acifl5 —V. 66, p. 811, 1046. V. 67, p. 275, 635.
-operates five steamship lines rulffing between P8«n IÍPiík,ía,ld
Pennsylvanisi S teel C o .—Chartered in Penn, in 1895; owns eight
Portland, Victoria, Sitka, Fort Bragg, S a n D ielo& o a isn A ^ anP 8 °- blast furnaces, with an annual capacity of 558,000 tons Dif iron • a
¿
securities o f the Columbia & Puget Sound RR ’(n o w t t a n d ^ 8 a11 thP rail mill, capacity 480,0)0 tons and for 165,000 tons bofler steel
-Seattle to Franklin, etc., with sidings 57 miles
gauge), beams and other products, and a ship-building and a brid^e-buildin^
mine; the Pacific Coast Railway (narrow sanJe) P o r t ? H ^ n 8^
Plant, including plant at Steelton, Pa., with annual capacity of 175 40 Los Olivos
80 mües; the Seattle8
000 tons; Bessemer Steel Works, capacity o f 350,000 tons, and the
Anacortes to Hamilton, Wash., 36 miles; the Port Ü
7 Maryland Steel Co. plant at Sparrow Point, near Baltimore having
!
Southern RR.; Port Townsend to Quilcene, Wash 28 m P l 8Pn^ auuua1 capacity of 300,000 net tons standard section steel rails Owns
Olympia to Tenino, Wash., 15 m ües; operates the F ran kuW o^ l c í f a half interest mthe Juragua (Cuba) Iron Co., Ltd. V. 62, p. 776.
O ^ L f e Frankbn mine.with 3,050 acres coal lands ^ F ra n k U n
W
Bonds.—Consolidated joint mortgage (Girard Life Insurance Annuity
and 2,083 acres at New Castle. See editorial V. 60, p. 954.
ia UKiin
& Trust Co. of Philadelphia, trustee) covers the plants at Steelton, P a.,




October,

1898.]

MISCELLANEOUS STOCKSAND

BONDS

155

PontZs—Princi­
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal,When Due.
Date Size, or
Amount Rate per When Where Payable, and by Stocks—Li&st
Par
For explanation of column headings, &c., see notes on of
Dividend.
Bonds Value. Outstanding Cent. Payable
Whom.
first page of tables.
Nov. 1, 1917
M. & N. Philadelphia Office,
1,000
1, 000,000
Pennsylvania Steel Co.—Old Penna. Steel 1st M., cur---- r 1887
5
Feb. 1, 1922
do
do
1,000
F. & A.
5
2.000.000
Maryland Steel 1st mortgage, currency......................... r 1892
GirardL. I.,A.&Tr.,Phil, 8ept. 1, 1925
3.283.000
Consol, mortgage, $7,000,000, gold............................... c* 1895 500 &c
• M. & S. N. Y., Central Tr. Co. Aug. 25,’98,1%
$100 $25,«>00,000 6 in 6 & Q .-F .
People'8 Gas Light Coke (Chicago)—Stock, $25,000,000
1897
500
People’s Gas Light < Coke 1st mortgage, gold, $ & £ ..c 1874
&
2.100.000
6 g. M. & N. N.Y..Cent. Tr.& Lond’n. Nov. 1, 1904
Dec. 1, 1904
do
do
500
2.500.000
2d mortgage........ ...................
c 1874
6 g- J. & D.
500
1st consol, mortgage for $10,000,000gold................. 0* 1893
6 g. A. & O. N. Y., Central Trust Co. Apr. 1, 1943
4.900.000
1,000
J. & J. N. Y., Cent’l Tr. & Chic, July 1, 1905
2 ,000,000
Equitable Gas Light & Fuel 1st mortgage.................... c* 1885
6 g.
July 1, 1937
1,000 10 , 000.000
do
do
Chicago Gas Light & Coke 1st mortgage, g.......... ( F P )c 1887
5 g. J. & J.
Dec. 1, 1936
do
do
1,000
Consumers’ Gas 1st mort., gold. See V. 66, p. 472---- c 1886
4.246.000
5 g. J. & D.
1,000
Chicago, Chic. Nat. Bk. Nov. 1, 1915
Illinois L. H. & Power 1st mortgage...............................c 1885
7
500.000
1885
1,000
111. Tr. & Sav. Bk., Chic. July 1, 1915
Lake Gas & Light 1st mortgage, gold........................ IC
300.000
6 g. J. & J.
Sept. 1, 1947
1,000
New York.
P. G. L. & C —RefundingM., $40,000,000, g .F .......c*&r 1897
2.500.000
5 g. M. & S.
Nov. 1, 1947
1,000
Mutual Fuel Gas 1st mort., $5,000,000, gold, assumes. 1897
5.000.
000 6 g. M. & N.
Hyde Park Gas, 1st mortgage, assumed...............-......... 1884 50Ó &c.
M. & S, First Nat. Bk., Chicago. Sept. 1, 1904
200.000
6
50
Pittsburg,820 Penn Av. Oct 10,’9 8 ,1%
Philadelphia Company—(Natural Gas) Stock.....................
7,500,500
A u g.l5,’98,2ifl
100
5 in
3.000.
000 1898|F. & A.
P. Lorillard Co.—Common stock..........................................
_.
100
Pref. stock, 8 p. o., cum., pref. as to assets and eam ’ gs.
2.000.
000 1898 j Q.—J. N. Y., Baring, Magoun. Oct. 1, ’98, 2%
8 in
100
2.250.000 17 in ’98ÌF.&A. rj Cincinnati,O.,Co. Office. Aug. 15, ’98, 6
Procter < Gamble.—Common stock.......................................
&
Oct. 15,’98,2%.
100
Pref. stock (8 p.o., cum.). See terms in ed. May,’93, Sup .
do
do
2.250.000 8 in 1898 Q .-J .
1,000
1st M., g., subject to call at 110 after Duly 1,1900— o’* 1890
2,000,000
6 g. J. & J. N.Y., Mercantile Nat. Bk July 1, 1940
100 a 54,000,000 8 in 1898 Q .-F . N. Y., Farm. L. & Tr. Co Nov.15,’98,2%
Pullman's Palace Car—Stock, $54,000,000........................
1891, 4%%
100
N. Y., Of., 20 Nassau St
Quicksilver Mining—Preferred stock,7 p. c., not cum.......
4,291,300
100
fc
Railway Equipment Company o f Minnesota.—Stock.......
996,500 6 in 1897 M. < N. New York & London. Nov., ’98, 3%
1st Mortg., gold, $50,000 red. yearly in Nov. at 100....... 1891
6 g. J. & D. N. Y.,Mait. ,Coppell&Co. June 1, 1901
540,000
100
R. I. P. Horse Shoe—Pref., 7 p. c. cum.; then com. 10 p. c, ....
1.750.000 6% in ’97 Q —J. IS Co.’s Office, Providence Oct 15,’98, 1%
a To be increased to this amount in November, 1898, by the pay men t of a 50 p.c. stock di vidend. aggregating $18,000,0 ¡00 .
P . Lorillard. C om p an y.—Incorporated in New Jersey in 1891.
and Sparrow Point, Md., all of the $1,000,000 stock of the Maryland
Steel Co. and $697,500 of the $1,500,000 capital stock of the Juragua
R epo rt .—None furnished, but at the annual meeting in June, 1897,
Iron Company. Consols for $3,000,000 are reserved to retire the President Lorillard stated that considerable improvement had been
prior liens. Interest, if not earned, is payable in scrip till Sept. 1, ’98. made over 1896—See V. 65, p. 26. For year 1891-92 net profits applic­
The March, 1898, coupon was paid in scrip, .convertible into consol. able to dividends were $496,313; paid on preferred, $160,000; on
6s; also the Sept. L coupons. V 67, p. 428.
common, $150,000; balance, surplus, $186,313. •
A nnual R eport .—Statement in V. 66, p. 662, showed loss for first
D ivid en d s .—1892. 1893. 1894. 1895. 1896. 1897.
1898.
six months, $288.304; profit for second six months, $163,654; loss for
Common, % 10
5
13
8
3
8
5
year, $124,650.—(V. 67, p. 177, 428.)
Preferred... 1892 to Oct., 1898, inclusive 8 ,yearly, pd. quarterly.
P eop le’ s Gas L ig h t Sc Coke (C h icag o ).—An absolute consoli­
Baring, Magoun & Co., Transfer Agents.—(V. 65, p. 2 6 .)
dation on Aug. 2,1897, of the companies forming the old Chicago Gas
P o sta l T elegrap h C able.—See C om m ercial C a b l e Co .
Trust. The $25,000.000 Fidelity receipts, whioh previously represented
Procter Sc G am ble C o.—Formed in 1890 under laws of New
the several properties, were exchanged dollar for dollar for stock of
the People’s Gas Light & Coke Co.—V. 64, p. 1088; V. 65, p. 235. Mu­ Jersey to carry on the soap, candle, oils and glycerine business of
tual Fuel was purchased in November, 1897, and early in 1898 con­ Procter & Gamble. The mortgage covers about 67 acres of land ad­
solidated, as was also the Hyde Park Co., with the People’s Gas-Light joining the city of Cincinnati, together with 29 factory buildings.
& Coke Co. Control of the Universal Gas was also obtained, bringing
1892 to 1897 inol.
1898.
D ividends ............> 1891.
under one management practically the entire gas business of Chicago. On com m on ............)
8
12 per cent. ’ 17, inol. 5 ex. in June
—V. 65, p. 925, 1116.
On preferred in full to Oct., 1898, inclusive.
In Pept., 1898, all disputes with the Indiana Natural Gas Co. were
settled, the People’s Co. agreeing to expend not exceeding $1,500,CO > E arnings —For year ending June 30,1894, net profits were $688,00 8
in the next three years in exploiting natural gas in Chicago Manhat­ (against $651,360 in 1892-93); deduct interest on bonds, $120,000;
tan Oil Co. also was purchased, it Is reported, for about $1,500,000, dividend on preferred stock, $180,000; dividend (12 per cent) on
but what new securities will be issued against above outlays was not common, $270,000; balanoe surplus, $118,008; total surplus fund July
1.1894. $450.029. Office, Cincinnati. (V. 57, p. 376 ; V. 59, p. 291.)
known in October, 1898. See V. 67, p. 690.
P u llm a n ’ s P alace Car C o.—The stock has been increasedfi am
P roperty .—In service January, 1898, including Mutual and Hyde
Park properties: Street mains, 1,525 miles; meters, 199,473; publio time to time to provide new capital, as wanted. (V. 56, p. 669). Incom e
account surplus July 31,1898, $29,896,842, but see below.
lamps, 32,425.—See V. 66, p. 382.
C ash D ivid en d s .— > 1877-80.
1881-83.
1884 to Nov., ’98,inel
D ealings with City .—In June, 1891, a settlement was reached by
Since 1877—P. o t . ) 8 yearly.
9*2 yearly.
8 (2% Q—F.)
the several companies on the basis of the city getting 3*2 per cent of
the gross receipts, or at least $150,000 per annum, and paying $1 per
An extra cash dividend of 20 per cent paid Aug. 15,1898, and stock­
1,000 feet for its gas—the price o f gas to other consumers to remain at holders on Oct. 13,1898, authorized increase of stock to $54,000,000
$1 25 until 1893, when a reduction of five cents in the price must be in order to distribute $18,000,000 of the surplus assets as a 50 per cent
made yearly until $1, the present price, was reached. See V. 52, p. 939. stock dividend; dividends thereafter to be 6 per cent per annum.—V. 67,
p. 75, 789, 840.
Divs.— >’ 89. ’90. ’91 ’92.
’93.
’94. ’ 95. ’96. ’97. ’ 98.
Per ce n t.) 4
3 -3
4*2(1 ^sc.) 6
2*2 1*2 6 Below
R epo rt .—Report for 1897-98 was in V. 67, p. 787, 840.
In 1898: Feb., 1*3; May, 1*2 p. c.; Aug., 1*2 p o.
Years ending July 31.
1898.
1897.
1896.
B onds.—Of the $40,000,000 issue of 1897 $26,546,000 bonds were Earnings from ca rs ........................... $8,598,838 $7,743,344 $8,162,460
1,231,544 1,081,923
reserved to retire prior bonds shown in table above, and can be Patent royalties,manuf.profits,&c. 2,076,032
issued bearing less than 5 per cent interest. The balance may be
Total revenue............................ $10,674,868 $8,974,888 $9,244,386
issued for additional property hereafter acquired, or for improve­
ments or betterments, but m no case to an amount exceeding the cost Operating expenses...........................$3,776,314 $3,511,868 $3,730,076
812,169
847,898
o f the same.—V. 65, p. 572. The consols for $2*500,000 were issued Paid other sleeping-car assooiati’ns 881,634
793,036
138,998
in place o f Chicago Economic Fuel bonds previously held in treasury. Other expenses..................................
E arnings.—Gross receipts from sale of gas to private consumers Dividends on capital s to ck ............. 2,880,000 2,880,000 2,889,000
alone during first six months of 1898 were $2,617,689, against $2,523,
207 in 1897. V. 67, p. 321. Report for year ending Dec. 31,1897, in Net surplus for year.......................$2,393,884 $1,770,851 $1,647,408
Chairman of Executive Committee, Robert T. Lincoln, Chicago. N .
V. 66, p. 382, showing results, including Hyde Park and Mutual Fuel:
Y. office, 15 Broad St.—V. 66, p.1 0 9 0 ,1141; V. 67,30, 75, 7 8 7 ,7 8 9 ,8 4 0
YEAR ENDING DEC. 31, 1897.
Manufactured gas sold, cubic feet................ ...................... 5,238,237,008
R a ilw a y J I iq u I p m e n t C o. o f M in n e s o t a .—V. 67, p. 3 6 8 .
Gross receipts from manufactured and natural gas........
$7,125,440
R a p i d T r a n s it F e r r y .—See Supplement of October, 1897.
Operating expenses (bond interest not in cluded)............
3,688,977
R h o d e Isla n d -P
rse Shoe C om p an y
iza ­
Net receipts..................................-.............................. .
$3,436,463 tion.—Manufactures e r k ln s H oand toe calks at Valley .—OrganI., 6
horse shoes
Falls, R.
Interest on bonds (less on bonds then held in treasury).
1,842,300 miles from Providence. In 1895 was incorporated under laws o f
Deo., 1892.
Balance for stock (equal to about 6 p. c .)....................
$1,594,163 Rhode Island. V. 61, p. 1014. Stock listed in New York in$1,750,000.
Stock—Common (or general) stock, $1,000,000; preferred,
COMBINED BALANCE SHEET DEC. 31, 1897.
D ividends .—
) 1892.
1893-’95.
’96.
’97.
’ 98.
Capital stock...............$25 000,000
Real estate, franchise,
Common, p. ct. > 12*2
10 yearly.
4>a
—
....
tunnels, mains, eto..$60,181,559 Mortgage bonds.......... 34 246.000
Preferred, p. c t . )
■
--------- 7 p. c. yearly.— ; ----*
6%
5
100.000
441,434 Bills payable
Materials.....................
E arnings.—in year 1896-97, net over all expenses, $86,839. In
221,348
201,577 Accounts payable.......
'
Securities.....................
301,574 1895-96, net, $148,162. In 1893-94, net $225,816.
167,204 Dep. security for gas..
Accounts receivable..
St. L o u is T e r m in a l Cnpples Station Sc P rop erty.—In cor­
524,766
673,268 Bond interest...............
Gas bills receivable...
235,800 Profit and loss............. 3 274,791 porated in Missouri in March, 1897, and owns several blocks of modern,,
City of Chicago...........
slow combustion buildings, adjoining the Terminal Railroad Associa­
Cash............................. 1,320,403
tion’s tunnel in St. Louis. The buildings contain a union freight sta­
Cash for coupons.......
347,212
tion connected with the Terminal RR., and enable the twenty large
Bills receivable..........
100,000
wholesale houses which use them under lease to avoid the delay and
Total assets...............$63,668,481
Total liabilities.........$63,668,481 expense incident to the usual system of carting to and from depots. The
Directors.—Anthony N. Brady, Walton Ferguson, Roswell P. Flower, Terminal Railroad Association of St. Louis is under perpetual contract
with the company to maintain a freight station on the premises. See
C. K. G. Billings, F. S. Winston.
Officers.—President, C. K. G. Billings; V.-P , A N. Brady, 2d V.-P., full statement in Chronicle , Oct. 1 6 , 1 8 9 7 , p 7 3 0 .
Stock and B onds.—Common, $2,000,000; preferred 5 p. c. cumula­
Walton Ferguson; 3d V.-P., C. K. Wooster; Sec. and Treas., L. A. Wiley.
tive, $1,000,000. The bonds are redeemable at 102 after June 1,1902.
Office, 54 Wall Street, N. Y.—V. 67, p. 74, 223, 321, 483, 635, 690.
EARNINGS FOR THE 13*2 MONTHS ENDING MAY 1, 1898.
Philadelphia C o m p a n y .—This Company controls the natural
Expenses.
Interest.
Extraordinary. Bail., surp.
gas production about Pittsburg and vicinity, leasing April 1,1898, in Receipts.
$58,092
$151,875
$9,979
$91,794
73 686 acres gas and oil territory and 925 miles of pipes, and operat­ $301,740
ing 319 gas and oil wells. President George Westinghouse holds op­
Traffic handled 282,061 tons, against 247,247 in previous year.
tion to sell control until Jan. 1.1899—see V. 67, p. 30 andV. 66, p. 289.
President, Robert S. Brookings.—(V. 65, p. 730,1072; V. 66, p. 5 1 9 . (
Under a percentage agreement of May 1,1895, the $1,000,000 PennS a n F r a n c is c o B r e w e r ie s ( L i m i t e d ) . —V. 6 7 ,p. 3 6 9 .
svlvania Natural Gas stock is to receive one-half o f one per cent divi­
dend for each one p er cent paid to the Philadelphia Co. stockholders.
Sou th ern Cotton O il.—See Sup . of Jan., 1898; also V.66, p. 1 1 8 6 .
DIVIDENDS.— ) 1892.
’ 93
’ 94.
’95.
’ 96.-’97.
’98.
S o u t h e r n Sc A t la n t ic T e le g r a p h .—Lines leased to Western
P e r ce n t....)
44*
5
5
None. To Oct., 4
Annual R eport .—Report for 1897-98 was in V. 66, p. 952, showing; Union (which owns $390,475 of stock additional to that in table) and
stock guar, by rental 5 p. o.
Gross.
* Net.
Leases. Dividends.
Balance.
South Y u ba W a ter C o.—See Supplement of January, 1898.
1897-8 .$1,50-«,680 $645,058
$153,636
$75,000
$416,422
S p ir its D is t r i b u t in g C o .—Organized in 1896 under the laws o f
1896-7 ."— 1.289,846
327,779
71,029 .............. sur.256,750
New Jersey by the American Spirits Manufacturing Co. for the purpose
Of the gross in 1897-8, $1,410,839 was from gas, $32,556 from oil
and $66 285 from dividends received. On April 1,1898, bills payable of handling its product, the Manufacturing Co. contracting to make a
were $84,4 i7 (reduced on April 27 to $25,000); acots. payable. $43,- fixed annual payment to the Distributing Co., payable quarterly, b e ­
874’ bills and acots. receivable, $247,223; cash, $116,792. Bonds and ginning May, 1896, sufficient for the dividend of 7 per cent upon the
instalments paid in on its first preferred stock.
mortgages unpaid March 31,1898, $76,000.—( V. 67, p. 30.)




156

INVESTORS’

SUPPLEMENT.

[V ol . LXVII.

Subscribers w ill con fer a great fa v o r bv g iv in g im m ed ia te n otice o f a n v error discovered in these T a b le s.
Bond«—Princi­
INTERE8T OR DIVIDENDS.
MISCELLANEOUS.
pal,When Due.
Date Size, or
Amount
Par
of
For explanation o f column headings, &c., see notes on
Rate per When Where Payable, and by Stocks—Last
Dividend.
Whom.
Bonds Value. Outstanding Cent. Payable
first page of tables.
St. Louis Ter. Guppies Sta. <£P.—1st M. g.,red.l02 aft.’02.o*
Southern < Atlantic Telegraph—Stock (guar. 5 per cent)..
6
Southern Cotton Oil—Stock (see text).................................
South Tuba Water Go.—1st mortgage bonds.......................
Consol, mortgage, gold, $1,500.000..................................
Spirits Distributing Go —Stock (See text) 1st pref. cu m ..
Standard Distilling < Distrib.—Pref. stock 7 p. c. cu m ...
&
Standard Gas Light—Com. stock authorized, $5,000,000.
Preferred stock authorized, $5,000,000............... ..........
New 1st mortgage $1,500,000, gold.................................c
Standard Oil—Certificates.....................................................
Stand. Hope & Twine—1st M., g., s. f., to call at 105.OTa .c*
ConsoL M.,non-cum., incom es, g.,to call at par...C e.c*
Street Railway < Illuminating—Common stock.................
£
Susqueh'na Goal.—1stM.,gu. p. & i., s. f. not sub. to call.c
Tenn. Ooall.dtRR. Go.—Common stock $20,000,000........
Preferred stock (8 per cent cumulative)..........................
Consolidated mortgage.........................................................
South Pittsburg Purchase, 1st m ortgage.........................
Alice Furnace Co., Alabama, 1st m o r tg a g e ...............c'
Pratt Coal & Iron Co., Ala., 1st M., s. f., not drawn. ...o*
Birmingham. Ala., Div., con. M., g., s. f. 1%, not d’rn..c*
Tennessee Div. bds, gold, s.f. I 1 % yearly, not dr’n .. .o"
«
De Bard. con. M.,gd.,guar.,s.f. $30,000 y’ly,not dr’n.c*
Ala. Steel & Shipbuilding, pref. 6 p. c. cum., gu ar........
1st mortgage, guaranteed, gold. Mia.............................
a Includes $97,000 alive in sinking fund.
b Inolu

1897 $500&c.
25
50
50
1890
1,000
1893
100
1896

1890
1696
1896

559,525

100
1,000
1,000
i'ò'óó

100
100

1,000
1881
1882
1,000
1882
1,000
1,000
1883
1,000
1887
1,000
1887
1890 500 &o.
1898
1,000
des $1 40,000

4*2 g. J. & D. New York and London. June 1, 1917
A. & O. N. Y., West. Union Tel. O ct.,’98, 2^3%
5

From Camden-by ch’ck J’n e l5 .’ 9 8 ,4%
2 , 000,000 See rem.
Apr. 1, 1910
A. & O. N.Y., Holland Trust.
6
522.000

100
100
1,000

Stock .—First preferred 7 p. c. cumulative authorized $2,100,000.
ssued, full paid, $1,050,000. Second preferred $1,575,000, all Issued.
Common .$3,675,000. A ll shares $100 each. (V. 62, p. 318.)|
D ividends .—On 1st preferred: In 1896, June, $1*12 per share; Sept.»
$1*75 per share; Deo., $1*75 per share; in 1897, March, $1*75 per share*
June, $1*75; Sept., $1*75; Dec., $1*75; in 1898,Mar., $1*75; June, $1*75,
Sept., $1*75.
Standard D istillin g Sc D istr ib u tin g C o.—Organization .
—Incorporated in New Jersey in June. 1898, to consolidate all the
leading distilling interests (daily capacity about 114,000 gallons) out­
side of American Spirits Manufacturing Co. Estimated annual capacity
about 25,000,000 gallons, about the same as the American Spirits
M’f ’g, with wnom a formal agreement for harmonious action has been
made. See prospectus in V. 66, p. 1190; also V. 67, p. 30, 323, 632.
Stock . - A uthorized, $16,000,000 common and $8,000,000 7 per
cent cumulative preferred, latter being all subscribed for at par and
carrying a bonus of $150 in common stock. No bonds.
Officers . President, Frank Curtiss; First Vice-President, Pem­
broke Jones; Second Vice-President, Samuel W oolner; Treasurer,
James A. Webb; Secretary, N. E. D. H uggins General Counsel, Levi
Mayer; Executive Committee, Frank Curtiss, Janies A. Webb, F. O.
Matthiessen, Geo. R. Sheldon, Pembroke Jones, E. F. C. Young and
Samuel Woolner.—V. 66, p. 1141,1190; V. 67, p. 30, 323, 632.
Standard Gas L ig h t.—Organized in 1886. Owns 160 miles of
gas pipes north of 13tn Street.
D ividends —
1891. ’ 92. ’ 93. ’94. ’95. ’96. ’ 97. ’98.
1 4
5 Below.
Common % ...........................................................
Preferred % ....................... 3% l^a 4
4
5*2 4^a
6
“
In 1898, on common. Jan., 3 »a p. o. (of which 2 p. c. extra); April,
p. c.; July, l*s p. c.; O c t, 1*« p. o ; on preferred, Jan.. 5 p. o. (of which
2 p. c. extra)—those dividends were both paid Dec. 31,1897. Russell
Sage, President. (V. 65, p. 516.)
Standard Oil.—This company controls petroleum oil refineries in
all the principal Northern cities of the United States, and produces
about 65 per cent of the country’ s total output of refined oil. Also
controls oil wells in Pennsylvania, Ohio and West Virginia, and has
pipe lines for transmitting its oil to tidewater. The trust certificates
are issued against a deposit in trust of the stocks in the various refin­
ing, producing and transportation companies controlled by the Trust.
Trust certificates (originally $97,250,000) are being canceled and the
Trustees are assigning to the beneficial owners the legal title to the
stocks which were formerly held in trust. An “ assignment” therefore
represents a share in the legal ownership of the combined properties,
whereas the old trust certificates represent a beneficial interest in the
same. Both receive the same dividends and are quoted alike. Divi­
dends are paid with profits from stocks of corporations held by the
liquidating trustees. War tax is on6 quarter of one per cent on an­
nual gross receipts in excess of $250,000. V. 66, p. 1187. For list of
constituent properties as of 1892, see V. 66, p. 1239.
D ividends —
1881-95. 1896. 1897.
1898.
Per cent........................ 12 a year. 31
33 Incl. Sept.. 23 (14% extra)
Dividends in 1898: March, 10 p. c.; June. 8 p. c.; Sept., 5 p. c.
D irectors .—Wm. Rockefeller, John D. Rockefeller, H. M. Flagler,
John D. Archbold, H. H. Rogers, W. H. Tilford, A. M. McGregor, Paul
Babcock and C. M. Pratt.—(V. 66, p. 84, 860, 906,1187, 1239.)
Standard R o p e Sc T w in e C o.—Incorporated Nov. 8,1896, under“
laws of New Jersey, to take over the property of the United States*
Cordage Company, reorganized per plan in V. 60, p. 1012. For state­
ment of property covered by the mortgages see V. 63, p. 1064. The
organization, about Aug., 1898, of the Union Selling Co., which will
act as selling agent and also finance the Rope & Twine Co.’s business,
is expeoted to effect large economies in manufacturing expenses. V.
67, p. 484.
Stock and B onds.—Capital stook is $12,000,000 (par $100). The
first mortgage is for $3,000,000, yearly sinking fund 1 per cent of
bonds outstanding; firsts purchased for sinking fund and canceled to
July 31,1898, $88,000. The consols are non-cumulative incomes, and
entitled to one vote for each $100 of bonds.
R eport .—Y ear ends July 31. Statement for 1897-8 in V. 67, p. 840.
Proceeds o f
Net from
Other
Oharges,
Balance,
sales.
oper.
income.
etc.
fo r yea
1898.. $3,100,118
$473,428
............
$239,865 sur.$223,563
1897.. 3,542,353 def.169,710
$96,376
¡264,212
def. 167,836
Chairman, Vincent P Travers; Vice-Prest., Alfred R. Turner, Jr.
Secretary and Treasurer, John M. Forbes, 287 Broadway, N. Y.
Directors: Vincent P. Travers, William Barbour, W. R. Potts, Sumner
R. Stone, John Kean, A. R. Turner, Jr.; John M. Forbes, John N.
Kenney, J.C. Reiff.—(V. 65, p. 5 6 9 ; V. 66, p. 9 5 1 ; V. 67, p. 484,840.)
S tre e t R y . & I li u m .P r o p e r t ie s .—Supp . O ct.,’97, V. 66, p. 811
Sugar T r u s t.—See A merican Sugar R efining Company .
S u m m it B r a n c h C o a l Co. ( P a . ) —The combined properties
cover 11,488 acres, of which 8,461 acres lie within the coal meas­
ures. Successor o f the Summit Branch RR. sold in foreclosure
July 13, 1897. Was to be organized per plan in V. 63, p. 1065, and
modifications in V. 64, p. 755, but iD March, L898, the unexpected
neoesuty for raising from $350,000 to $600,000 more cash than had
beeu provided prevented the issuance of the new securities. A fur­
ther modification o f the plan is proposed—see V. 66, p. 575. In July,
1893, reorganization was still pending. V. 67, p. 179.
E arnings .—Summit Branch and Lykens Valley Companies combined:
8 months,
>1897....... Gross, $1,088,846; deficit, $17,14«
Jan. 1 to Aug. 31. 51896........Gross, 1,182,008; deficit, 89,57«




$2,000,000

6 g.
800.000
1.050.000 7 in 1897
8,000,000
5 in
5.000.
000 1897
3,721,100 6 in 1897
1.477.000
5 g.
See text. See text.
2.912.000
6 g.
7.500.000
5
45,000 shs. See text.
1.550.000
6
20, 000,000
1.000.
000
12,000
6
120,000
6
300.000
7
643.000
7
a3,721,000
6 g.
b l , 400,000
6 g.
2.428.000
6 g.
440.000
6
1.100.000
6 g.
alive in sink
: fund.

J. & J. N. Y. Farm. L. & Tr. Co. July 1, 1923
Q .-M . N. Y ., Mills Building. Oct. 5, ’ 98,1%
Nov. 8,’98,1%
N. Y., 31 Nassau St. Oct. 1, ’93, 1*9
Q*—j .
July 1, '98,5%
do
do
J. & J.
May, 1930
M. & N. N. Y., Merc. Trust Co.
Q .-M . N. Y., 26 Broadway. S’pt.15,’98,5%
F. & A. N.Y., Manhattan Trust. Aug. 1, 1946
Aug. 1, 1946
F. & A. N. Y. City and Boston. Aug.19,’98,2%
Jan., 1911
Phila. Co.’ s Office.
J. & J.
M.
F.
A.
M.
J.
A.
F.

&
&
&
&
&
&
&

N.
A,
O.
N.
J.
O,
A,

N. Y., 4th Nat. Bank.
N. Y., Hanover Bank,
do
do
do
do
do
do
N. Y. Hanover Nat. B’k
N. Y.,4th National Bank
N.Y., Hanover Nat. B’k.

July 15,1893
Nov. 1, 1901
Feb. 1, 1902
1902
Nov. 1, 1903
Jan. 1, 1917
Jan. 1, 1917
Feb. 1, 1910
1928

R epo rt .—Report for year ending Deo. 31,1897, was given in V. 66
p. 332.- V 65, p. 368,1116; V. 66, p. 3 3 2 , 575; V. 67, p. 179.
Sunday Creek Coal C om pan y o f C o lu m b u s, O h io ;—Or­
ganization , P roperty , E tc .—An Ohio corporation owning about 14,000 acres of coal lands in Perry and Athens counties, Ohio. Full
statement to N. Y. Stock Exohange in V. 56, p. 503.
Sto ck , E tc .—Preferred stock, $1,500,000; 5 per cent; oommon stook
$2,500,000; par, $100. 1st M. 6s, J. < D.. $400,000, due Deo 1,1912,
&
but subjeot to call at 105. On Deo. 31,1897, bills payable were $58,200; accounts payable $76,987; bills receivable, $79,617; accounts re­
ceivable, $311,602; cash, $10,626.
D ividends .—On pref.: 1893,1*3 p.o.; ’ 94,3; ’95, 3; in ’96,3; ’9 7,2 p. o.
in 1898, Feb., lha p. o.
Operations .—Output—In 1893,678,891 ton s; in 1894,534,760 tons i
in 1895, 510,411 tons; in 1896, 462,815 tons; in 1897, 414,882 tons.
Year ending Deo. 31,1897, gross incom % $351,288; net, $97,971; int.,
taxes, etc., $36,191; betterments (re-investments) $8,694; sinking fund,
$6,276; dividend (paid Feb., ’ 97), $30,000; bal., sur. for year, $46,810
—V.56, p. 502. N. Y. office, 36 Wall St.—V. 64, p. 79 7; V. 66, p. 334. *
Tennessee Coal Ir o n Sc R a ilr o a d C om p an y .—Or g a n iz a t io n .
—Owns blastfurnaces, coal mines, Iron mines, foundries, &o., and coa l
and iron lands in Tennessee and Alabama. The total area of mineral
lands and rights owned and controlled in 1893 was about 400,000 acres,
of which 274,000 acres in Alabama and 126,425 acres in Tennessee.
Also owns 30 miles main line of railroad and 72 miles o f terminals
and side-track connections.
On Deo. 19,1892, the Cahaba Coal Mining Company was absorbed,
its property consisting of some 44,000 acres of coal and iron lands
situated in counties o f Bibb, Shelby and Jefferson. V. 55, p. 60, 463.
An amalgamation with the De Bardeleben Coal & Iron Company was
consummated in September, 1892. Merely a formal existence is re­
tained by the De Bardeleben Co. and the Cahaba Co. V. 63, p. 31.
In June, 1898, the Alabama Steel & Shipbuilding Co. was organized
to build a large steel mill at Eusley City, and eontraot let for con­
struction. The mill will have twelve b isle furnaces of 50 tons each
and a capacity of 1,000 tons of steel daily, and will be leased, when
completed, to the Tenn. G., I. & RR. Co., which w ill guarantee its
$1,100,000 6 per cent bonds, all subscribed in June, 1898, and $440,000 6 per cent preferred stook, given as a 40 per cent bonus with the
bonds. The $50,000 common stock, all owned by the Tenn. C., I. &
RR. Co. carries control of stock.—V. 66, p. 1002,1235; V. 67, p. 127, 801
D ivid en d s .—On common in 1887,1 per cent, and none since. On pre­
ferred, from 1889 to 1893 inclusive, 8 p c. per annum; none since.
B onds.—The two Issues, known as the Birmingham Division and
the Tennessee Division bonds, are each a lien on their own property,
as described in the mortgage, and a second lien on the property of
the other division. The total authorized issue of the Birmingham
Div. loan is $5,000,000 [of which $540,000 bonds have be in cremated]
and of the Tenn. Div., $1,400,000, of which $140,000 are in the sinking
fund. The De Bardeleben mortgage is for $3,000,000, of which $ 172,000 canceled by sinking fund, $400,000 in trust for Eureka bouds and
$1,500 in treasury. TheD e Bardeleben bonds were assumed by the
Tenn. Coal & Iron. See V. 56, p. 604.
F loating D ebt , E tc.—On Jan. 1, 1898, total floating debt was
$1,903,494 (against $2,378,482 on Jan. 1, 1897,) of which $963,202
bills payable and $940,287 due sundry creditors on open account. Total
quick assets, $1,760,130 (against $2,211,968 in 1897), of which $119,571 cash and bills receivable, $315,500treasury bonds, $434,905 salable
part of inventory and $390,154 due on open accounts.
E arnings ,—Jan. 1 to Aug. 31 (8 months) net, $518,578 in 1898
$358,220 in 1897.
A nnual R eport .—Fiscal year now ends Dec. 31 (formerly Jan. 31.)
Report for year ending Deo. 31,1897, was given in V. 66, p. 571, show­
ing output for the year as follows: Coal, 3,457,313 tons; coke, 916,492 tons; pig iron, 541,950 tons.
/-I lm os.— /— 2 mos.— > 11 mos.— >
s 1
>—
■ —Yearend.Jan.31—
>
>
1896.
1895.
1895.
1897.
$995,794
$561,984
Tot. net profits.. $623,823 $692,333
660,034
582,305
631,516
int. on bonds,&o. 649,830
1,186
43,521
or. 1,205
Bad debts, & o...
13,928
sr.31,063 sr.369,968
df.68,327
Balanoe for year.df.39,935
Total undivided surplus Jan. 1,1897, was $31,062.
D irecto r s (Jan.,’98)—Cord Meyer, James T.Woodward. W. S. Gurnee,
Jr., W. S. Gurnee, O. H. Payne, John G. Moore, James Swann, D. J. MoComb and A. B. Boardman, of New York; A. T. Smythe and J. B. Adger.
Jr., of Charleston; A. M. Shook and N. Baxter, Jr., of Nashville; J.
Bowron, of Birmingham; O. M. McGhee, of Knoxville; President, N.
Baxter, Jr.; Secretary, John F. Fletcher, Jr.; Treasurer, Jas. Bowron
Birmingham, Ala. N. Y. office, 80 Broadway.—V. 67, p. 127, 735,801
T e r m in a l R R . A sso cia tio n o f St. L o u is .—S ee R ailroads .
T e x a s Sc Pacific C oal C o.—See S upplem ent of Jan., 1898.
T e x a s Pacific L a n d T r u s t.—See S u p p . of Apr., 1897, page 154.
T r en to n P otteries Co.—See S u p . of April, 1897, and V.66,p. 2 8 6 .
T r o w Directory P r in t. Sc R ’ k b in d .—V. 65, p. 3 6 5 , 413.
U n io n Depot Co.’ o f C o lu m b u s, o .—ïh e P. C. C & St. L. owns
a half interest in this property.—V. 63, p. 117; V. 64, p. 804.
U n ion F e rry .—Operates five ferry lines between New York and
Brooklyn. Capital stock is $3,000,000 ; par $100. The mortgage covers
all the company’s property, including 19 ferryboats, real estate, etc.
Dividends: In 1894,4 p. 0.; 1895,4 p. 0.; in 1896, 4 p. 0.; in 1897,
4 p. 0.; in 1893. 4p. c. President, W. H. Male.

O ctober , 1898 J

MISCELLANEOUS

STOCKS

AN D

BONDS.

137

-Princi,
INTEREST
pal,When Due
Date Size, or
Stocks—Last
Amount
Where payable and by
Par Outstanding Rate per When
of
Dividend.
Whom.
For explanation of column headings, &c. see notes on
Cent. Payable
Bonds Value.
first page of tables.
1904
Cinoinnati.Meroh.N .Bk.
L. &
O .
7
$400,000
Deo. 1, 1922
Tennessee Coal Iron d RR.—( Concl’d) —
k
Eureka Co. bonds
6 g. . & D. N.Y. ,4th National Bank. Oct.20,’98, 111
1.075.000
1892 $ 1,000
Cahaba 1st M., $1,100,000gold, gu., s. f., red. at 1 1 0 ..o*
Ft. Worth, Texas.
2,000,000 434 in ’ 98 Q —J.
1908
Texas dt Pacific Goal—Stock $2,000,000.........................--A. & O. N. Y., Central Trust Co.
6
361,000
See text.
1st mortgage, $500.000, s nking fund . .................•••®e
N. Y.. A. M. Kidder & Co.
3.000.
000
100
19 3
Trenton Potteries.—Stock ($1,250,000 is 8% cum. pref.)...
ti. Y., Union Trust Co.
M. & N.
7
374.000
1,000
1946
Union Depot Co. Columbus, O.—lstm ort., $50 0,0 0 0 ...... 1893
4 1 J. & J. N. Y „ Farm. L. & T. Co. O ct.1,’ 98, *2%
e
450.000
1,000
General m ortgage, $800,000, sinking fund................. V 1896
Co. office, Brooklyn.
Ski
3.000.
000 in ’98 Q.—J
100
Nov. 1. 1920
Union Ferry—Stock................................ ................................
N. Y., H. B. Hollins.
2.200.000
5 «• M. & N. Philadelphia, Office. Oct 15,’98, 2%
1st M., gold, red. at 110 after Nov. 1 .1 8 9 5 ..................... 1890 100, &c. See text.
Q .-J.15
8
50
July 1, 1902
United Qas Improverpent Co—Stock, $15,000,000........... •
J. & J. Phila.. First Nat. Bank. Nov. 8, ’98, 2
1.000.
000 6
500
Debenture bonds, (currency) $1,000,000. . . . . .
o
New York
M. & S.
7
2.050.000
100
Aug. 1, 1918
U. S. Envelope—Stock, 7 p. c., cum , pref., $3,750,000....
do
J. & J.
6 g.
1.500.000
1,000
1st M., $2,000,000, g., red. aft. 1908 at 104, s. f. y rly.. 1898
Nov. 15/98,1 ^
100 10 , 000,000 3 in 1898 M. & N. N. Y., Office, 49 B’ way. None paid.
United states Express—Stock............. • ..................................
100 62.825.900
Oot. 1, ’98, 1*4
United States Leather—Common stock............... .................
100 62.225.900 4 in 1897 Q.—J. Office,26 Ferry St.,N.Y May 1, 1913
Preferred stock, cumulative 8 p. o— . . . . . . . . . . . . . . -----5.280.000
6 g. M. & N. N. Y.,ParkBk.; Boston. July 1 ,’9 8 ,3 1
1,000
1893
Deb. for $10.000,000, g.,s.f., 4 p. e., sub. to call at HO.c
*
J. & J. N.Y. .Office, 59 Cedar St,
6
2,000,000
100
May 1, 1914
United States Mortgage & Trust—
-Stock. - - - - - - - - - - - - - - ■■ do
do
M. & N.
5
1,000,000
1st mort. trust bonds, “ B” gold, red. after 1 8 9 9... c &r 1894 100 &c.
Apl. 1. 1915
do
do
A. & O,
5
1,000,000
do
do
“ C” gold, red. after 1 9 0 0 ...c*<fcr 1895 100 &c.
Jan. 1, 1916
do
do
J. & J.
4*2
1,000,000
do
do
“ D” gold, red. after 1901.. .c*<fcr 1896 100 &o.
Jan. 1 1917
do
do
J. & D.
4
1,000,000
1,000
do
do
“ E” gold, red. after 1907...c'<fcr 1897
Mch. 1, 1918
do
do
1,000,000
4 g. M. & S,
1,000
do
do
“ F” gold, red. after 1 9 0 8 ...o*&r 1898
Aug. 1, 1918
do
do
F. & A
1,000,000
4 g.
do
do
“ G” gold, red. after 1903.... - c 1898 100 &c
Feb. 15/97,2%
100 24,289,600 2 Feb.’97
United States Rubber—Common ($25,000,000 authorized)
Oot.31,’98, 2%
J. & J
100 22,900,200 6 in 1898
Preferred ($25,000,000 authorized) 8 p. c. non-cum—
N. Y. Office.
M’thiy.
20,000.000 I
100
Wagner Palace Oar Co........ .................................................
B onds .—The six series of mortgage trust bonds, $1,000,000 eaoh, are
U n io n T y p e W r ite r ,—Organized in 1893. Stock is as follow s:
secured by deposit with trustee of first mortgages on improved city
Class.
Outstanding. Divs. When Pd.
Last Dividend
real estate “ in amounts at least equal to the bonds outstanding.
See applioation to list $5.000,000 bonds given in full in V. 67, p .4 8 7 .
Common.................. $10,000,000
A. & O.
April 1, ’ 98, S ^ .. The $11)00,000 series “ A” trust 5s called for ^4®mption on Aug. 1,
le t pref., 7 p. 0.......
4,000,000
A. & O.
April 1, ’98, 4%"^ 1898, V. 67, p. 30. Assets Jan. 1,1898, were S I3»297*
4,015,000
2d pref., 8 p. 0.......
482«
1894.
1895.
1896.
1897. U. S. Government bonds, $1.890,000; New York.City bonds,$813/795,
D ivid en d s .
1893.
7
7
7
7
mortgages, $6,080,015; other stocks and bonds, $840,179, cash on
1st preferred, per cent........ 31
«
0
6
6
8
hand and in bank, $1,312,975. ^^P08^ 8^ 7*
28*:?73;,
H ither
2d preferred, per cent........ 0
Offic e r s —President, George W. Y oung; Vice-President, Luther
Overdue on 2d preferred—In Oct., 1897, 2d pref., 16 p. c. ($642,400.)
Kountze; Second Vice-President, James Timpson ¡ Treasurer, Arthur
U n ited States C ordage.—S e e S tan d ar d R ope & T w in e C o .
Turnbull; Secretary, William P. Elliott. Executive Committee—
}Charles
U n ited E lectric Securities C o .—See V. 67, p. 4 8 0 , 540.
D. Dickey, Jr., Chas. R. Henderson, Gustav E. Kissel. Luther Kountze,
V.
U n ited Gas Im p ro v em e n t C o.—Organized in 1882 in Pennsyl­ Jas. Timpson, Richard A. McCurdy.— 67, p. 30,179, 434, 487.
vania and reorganized in 1885. Charter is perpetual and business is
U n ited States R u b b e r .—Organization and P r o p e r t y —Or­
the buildiog, leasing and o perating of gas works. Capital stooif 18 ganized under laws of New Jersey in October,.1892, for the maimfac$11.500,OOo! having been increased from $10,000.000 fn December, ture of rubber boots and shoes, etc. Amplication to N. Y. Stock Exch.
1895; outstanding May, 1897, $11,394,650.
A / in 1892, in V. 55, p. 1039; also see V. 56, p. 539. In 1893 five ad­
2.1898, to increase capital stock from $11,500,000 to $15,000,000, ditional concerns were acquired, and $5,000,400 preferred aad $«,stockholders to subscribe at par. and to be payable in four instalments 174,800 common stook issued therefor. In March, lT
8?7v>riL^?8Ur?r
of 25 per cent each on Ju ly and October 15,1898, and Jan. 15 and Flint testified before the Lexow Committee that the U. S. Rubber oo.
ADril 15.1899.—V. 66, p. 475, 906.
. . . .
.
controlled 65 per cent of the output of the country. For list of inde­
Dec. 1, 1897, this company leased the Philadelphia city gas works pendent rubber boot and shoe manufacturers in the United States see
until Dec. 31,1927. See terms of lease in V. 65, p. 413, 926, 941. y . 67, u, 802. In September, 1893, control o f a majority of the $5,The Improvement Co. has assigned the lease to the Equitable Illumin­ 000 000 stock of the Boston 8hoe Co. had been acquired, calling for
ating Gas Light Co. o f Philadelphia, but without diminishing its own $1,000,000 cash and the issue of $4,123,600 preferred and $3,499,700
v*
obligation, see iEq. T i l fG. T. «co. n n r i V . f66, t >. 426: V . 67. D. 7o o .
111. t L. n and V. t f i . p. 426; V. 67, p. 788.
common stook, and increasing issues to amount shown in table, v.
D ivid en d s —Since 1889,8 p. c. per annum, payable quarterly In 66 p 601 738 802
Jan., 1896, paid extra dividend of 15 p. o. in convertible scrip.
Sto ck —Preferred stock has preference as to assets and earnings,
R epo r t for 1897, in V. 66, p. 898, showed profits of *l,424,300 a and no bonded or mortgage debt can be created without consent in
writing of holders of three-fourths of eaoh class of stock. Common is
ain of $142,141 over 1896. The net gain from gas sales was $310,bb6.
ut this was reduced by some charging off for sales of some electrio- entitled to all surplus after eight per cent on preferred. See wording
light securities. Dividends, 8 per cent per annum on $11,400,000 of pref. certificate in editorial of May, 1893, S u pplem en t .
stock called for $912,000.
n T
D iv id e n d s , p. ct. 1893.
1894.
I®?®I 893«
1898.
President, Thomas Dolan; Secretary and Treasurer, Edward C. Lee,
0
2*3
0 Feb., 2 ^
" —
Common...............JO
Drexel Building, Phila. (V. 66, p. 236, 8 9 8 , 906; V. 67, p. 788.)
Preferred.............( ----------- 8 p. c. yearly---------- '
6
Below.
In 1898 paid on pref’d, Jan., 2 p. c.; Apr., 2 p. c. (supplementary,
United state* E x p ress,—An “ association” organized under the
laws of New York State in 1854; not incorporated. Operated June see V. 66, p. 762); July, 2 p. o ; Oct., 2 p. o.
30.1895, on about 30,000 miles of railroad in the Un'ted States. In
A nnu al R epo r t .—Fiscal year ends Maroh 31. Tim annual state­
September, 1887, the stock was Increased $3,000,000, raising it to ment for year ending March 31,1898, was given in V. 66, p. 1000.
1896.
$10.000,000, and the Baltimore & Ohio Express was purchased. On
1898.
1897.
$2,632,939
June 30,1897, the B. & O. owned $680.000 U. S. Express stock. Busi­ Gross incom e.....................
293,148
ness on the Lehigh Valley system was acquired in February, 1893, Rent, expenses, etc.............
185,573
243,822
and on the Chicago Milwaukee & St. Paul in February, 1894; on Miss$2,339,791
issippi Division of B. & O. Southwestern in March, 1895.
Balance............................ $2,070,751
$1,999,612
$1,552,040
Dividends on preferred... $1,552,040
.$1,552,040
D ivid en d s . ) ’81-87. ’88. ’89. ’90. ’91. ’92. ’93. ’94. ’ 95. ’96. ’97. ’ 98.
Dividends on common..........................
(2%'403,azu
Since ’ 80, p.e. $ 4 yly. 5 5 4 2 2 4
2
0 3 3
o
U n ited States E n v e l o p e .—Incorporated in 1898 under the laws
$787,751
Surplus for year...........
$518,711
$44,252
o f Maine. Absorbed ten companies named in V. 66, p. 1003,
The “ grossincom e” in 1898 was made up of results irom opera
producing over 90 per cent of the commercial envelopes in the United
tions of plants and dividends on investments, $1,411,395, ana.of ne
States. Output 17,000,000 daily; capacity over 20,000,000 daily.
Stock, $750,000 common; par, $100; preferred, $3,750,000 authorized; income from commission on sales of rubber boots and shoes, $844,929 ^
BALANCE SHEET APRIL 1, 1898.
par, $100. Bonds, $2,000,000. See V. 66, p. 1003; V. 67, p. 179. In
$494,888 Preferred stock..........$19,400,500
Cash..............................
Nov., 1898, 2 per cent dividend was paid on preferred.
724,180 Common s to ck .......... 20,166,000
O f f ic e r s .—President, O. H. Hntchins, Worcester, Mass.; Vice-Pres­ Notes, etc., receivable.
569,285
1,743,381 Accounts payable.
Merchandise................
idents, James Logan, Worcester, and El sha Morgan, New York; Treas­
589,062
urer. R. W. Dav; Assistant Treasurer, Fred Plimpton, Hartford; Sec­ Investments................ 38,259,322 Due companies....
388,010
Reserved for d iv
retary, W. G. Morse, New York. (V. 66, p. 1003; V. 67, p. 179, 275.)
103,913
Surplus assets----U n ited States G las*.—V, 67, p. 48 0.
Total liabilities........ $41,221,770
U n ited States L ea th er.—Organ izatio n , ETC.-Incorporated Feb.
Total assets..............$41,221,770
25,1893, under the laws o f New Jersey to take over the properties and
D irecto r s .—Samuel P. Colt, Charles H. Dalton, James B. Ford,
business of a large number of concerns for many years engaged in the Charles R. Flint, J. Howard Ford, Robert M. Gallaway, J. D. Vermeule,
tanning and sale of sole and belt leather. Assets, it is said, amoun; Henry L. Hotchkiss, Charles Stewart Smith, Charles L. Johnson, M. C.
t® at least seven times the amount of the debentures, about 40 per cent Martin, Frederick M. Shepard, George A. Lewis, Samuel N. Williams,
representing real estate and the balance hides, bark and other personal Geo. E. Weed. The officers are: President, F. M. Shepard; Viceproperty. V. 56, p. 757; V. 57, p. 23. V. 61, p. 114.
President, James B. Ford; Secretary, Samuel P. Colt; Treasurer,
STOCK.—The capitalization is $64,000,000 common and $64.000,000 Charles R. Flints Asst. Treas., H. M. Sadler, Jr. N. Y. Office, 9 to 15
of 9 ner cent cumulative preferred stock; authorized for actual property, Reade Street. E. S. Converse, Pres, of Boston Shoe Co., elected a di­
exclusive o f good will, $60,000,000 of each and $4,000,000 o f each (in rector on October 6,1898.—(V. 67, p. 276, 647, 691, 738, 802.
Julv 1895), on account of bark, land», etc. See V. 61, p. 114,737. See
V irg in ia & Tennessee C oal & Ir o n Co.—See Supp. Oct., 1897.
wording of pref. certificate in editorial o f May 1,1893. S u pplem en t .
W a g n e r P alace Car.—See page 159.
D ivid en d s .
1895.
1896.
1897¿ 898,
W e lls , Fargo E xpress.—Incorporated under the laws of Colo
P taIATrfid d. c. . . . . . . . .
6
1
4
Below.
Was operating June
In 1898: Jan., 1 p. c.; April, 1*4 p. o.; July, 1*4 p. o.; Oot., 1*4 p. rado January of26, 1872. including A tchison, Erie 30, 1895, on
29,460 miles
railroad,
and Southern
< Overdue on preferred to February, 1898, 26 per cent.
s.
Pacific systems. No annual reports or information. In March, 1888,
B onds .—The debentures were issued to furnish working capital. this company bought the Erie Express of the Erie Railroad, and
Slinking fund 4 per cent of issue yearly, the debentures to be pur­ (from November 1, 1896,) operates over the lines of the K.
chased or drawn at 110. Debentures for $9,653,000 have been certi­ C. P. & Gulf Railroad. Dividends of 8 per cent yearly were paid
fied by the trustee, but to Aug. 1, 1896 (date of cancellation each for many years, but the semi-annual dividend paid in July, 1894, was
vear) $6,000,000 debentures only had been issued and $720,000 of reduced to 3 p. o.; in 1895, 6 p. o.; in 1896, 6 p. c.; in 1897. 6 p. c . ;
these retired py sinking fund. Central Trust Oo., N. Y., is trustee and in 1898, Jan., 3 p. c.; July, 3 p. o. Stock increased $1,750,000 in 1894
registrar of the bonds. See adv. in C hronicle of May 6,1893. and to $8,000,000.—(V. 63, p. 563.)
application to N. Y. Stock Exchange V. 57, p. 23.
W e is b a c h C om m ercial C o.—Incorporated June 27,1895. Or­
^Annual R epo r t .—Fiscal year ends Deo. 31. Report for 1897, in V.
fi 1 425, gave no statement of earnings, hut merely balance sneet ganized to sell incandescent lamps manufactured for use in the
)
showing profit and loss surplus of $4,363,978 on Deo 31, 1897. In United States. Controls Welsbacb Light Co. by ownership of majority
1896 the surplus was $3,869,962.
„ „ _ . ...
„
.
_ of its capital stock, 105,025 shares, par, $5 per share. Capitalization,
Officer s -President, J. Horton, Goshen, N. Y.; 1st Vice-Prest., E. R. $7,000,000 of stock, one half preferred cumulative 8 p. o.; then com ­
Ladew • 2d Vice-Prest., L. H. Lapham; 3d Vice-Prest., James H. Proo­ mon is to receive 8 p. e.; then both share pro rata
A nnu al R epo r t .—For year ending Aug. 31, 1897 (See V. 65, p.
fs??..Hftc’v Josiah T. Tubby, Brooklyn, N. Y.; Treasurer, James R.
1021), gross, $427,315; net, $292,094; dividends, $280.000; bal., sur­
PffimTN.^. City. N. Y. Office, 26 Ferry Street. (V. 66, p. 4 2 5 , 428.)
plus for year, $12,094. For the 13 months ending Aug. 31, 1896,
U n ited States m ortgage & T ru st Co.—Chartered in 1871 gross, $520,171; net, $356,030.
T?<vrmerlv U. S. Mortgage Co.; present name assumed Feb. 2 3 ,189p.
D ivid en d s .— On preferred in 1896, 8 p. Oi; in 1897, 8 p. c.; in 1898,
St o c k —Capital stock is $2,000,000; par, $100. Surplus, $l,2o0,000
undivided profits Jan. 1, 1898, $143,159. DiviDENDS.-In 1894, 6 Mar., 2 p. o.; June, 2 p. o.; Sept 2 p c. N. Y. office, 40 .Wall St. (V.
65, p. 1021.)
p. c.; in 1895. 6; in 1896, 6; in 1897, 6; m 1893, Jan., 3; July, 3*2.
MISCELLANEOUS.

f




138

INVESTORS’

SUPPLEMENT.

fVOL. L X V I I

MISCELLANEOUS.
Bonds—
Princi­
INTEREST OR DIVIDENDS.
--------------- i
Size, or
pal,^When Due.
For explanation o f column headings, «fee., see notes on I of
Aiuvnuib
> .
Amount T a
Par
___________
first page of tables.
Bonds Value. Outstanding Rate Per When Where payable and by Stocks—Last
» Cent,. Payable
Whom.
Dividend.
Welsbcuh Commercial Co—Common stoch, $3,500,000
$100 $3,500,000
Preferred stock, 8 p. c. cumulative, $3,500,000.............
100
3.500.000
Q.—M. N.Y., Office, 40 Wall St. Sept 9 ’98, 2%.
Welsoack Light Co.—Stock authorized, $525,125
5
515,932
Text.
Q —M.
Wells, Fargo < Co. Express—Stock.
&
Checks mailed.
Sept. 19,’98,20
100
8 ,000,000 6 in 1898 J. & J N. Y.. Office, 63 B’way. July 15.’98,3%,
Western Gas—Stock $4,000,000
...................................
100
4.000. 000 6 in 1898 J. & J
Checks mailed.
July 20 ’98,:->4£
Collateral trust 1st M., $4,000,<XK), gold ,'red .'at'iiti"c* 1893
1,000
3,830,500
.8 g, M. < N. N. Y., J. <sW. Seligman. May 1, 1933
fc
S
Western Transit Co.—Bonds gu.p.«fei.by N. Y. C ext in ’94 1884
1,000
1.500.000
4 I3
Western Union Telegraphs-Stock.?
100 97,370,000 5 in 1897 F. & A. N. Y., Grand Cent.Stat’n Feb. 1, 1903
Q.—J. N. Y., Office, 195 B’way. Oct.15,’ 98, lJ*
Beal est. bds., g., (lien on W.U.Bldg., N.Y.C.Vs.f" (no’t’ d r )" 1872
1,000
1.163.000
M. & N. N. Y., Union Trust Co. May J , 1902
L
Debentures (it drawn, surrender fs o p tio n a l).;!^ o& r 75-’84 1,000
4.920.000
Ï * M. «S N. N. Y.j Treasurer’s Office. May 1, 1900
s
1875 £100 «fee
771,282
M. « s S. London, Morton, R.«fe Co. Men. 1, 1900
S
at 100- - aS 1888
1,000
8.502.000
!*■ J. «S J. N. Y., Office, 195 B’way. Jan. 1, 1938
s
Westinghmise to ck ... < Manufactur'g.—Old*¿¿in.'stock
50
Assenting s Electric &
v u w m .o u > o i...
146,700
50
8,813.050
^ j s t Pref.
000,000) stock,' 7 ¿ .c V , ( ¿ ¿ ¿ '¿ ¿ m a r k s )
50
3,996,750 7 in 1898 Q .-J . N. Y., Office, 120 B’way Oct.¿ ,’98,i %%.
Debenture certificates, $3,500,000, gold M e
3.500.000
S
Old scrip for dividend.....
“ ................. 1898
5 g. J. « s J. N Y. Merc. Trust Co.
1913
194,560
M. « s S. N. Y., 120 Broadway.
S
Wheeling Bridge < Terminal.
k
First'¿ '¿ ¿ ^ ¿ ¿ ] ä ö l d c ; 1889
Sept., 1900
1,000
2.000.
000 6 g. J. « s D. Dec. ’91 coup, last paid. Deo. 1, 1939
S
Second mortgage (income till March, 1892)7 gold
1890
1,000
1.500.000
S
Wheel. L. Erie < Pittsb. Coal—1st M., gold, red. at 1Ö5 '¿* 1889
£
None paid.
Sept. 1, 1940
f * M. « s S.
1,000
846.000
5 g. J. «S J. Jan., ’97, coup, last p’d. Jan. 1, 1919
Whitebreast Fuels-Common stock, $1,200 000
s
100
780.000
Pref erred stock, $800,000...
’
......................
N. Y., Office, 18 B’way. Oct. 1, 1891
100
520.000
Scrip for preferred stock dividends 1893-v94..................
Feb. 1, 1894
41,600
6
£ e ;M ., (now 1st) gold, s. f $30,000, drn. a t l l O ^ & T 1888
^
i'.ooo
449.000
S
Iowa & m . Coal 1st M., gold, guar., s. f., red. at 110. .c* 1890
6 g. J. « s D. See Chron .,v .62,p .1140 June 1, 1908
1,000
540.000
S
Henry E. Worthington (Pump)—Common stock..
6 g. J. « s D.
do
do
June 1, 1920
100
5.500.000
Preferred as to assets and dividends 7 p. o. c u m ""I.” ."
Paid 3*3 p. c. May 1, ’ 95 June 1, ’98 .1
100
2.000,000 7 in 1897 M. < N. N. Y., Guaranty Tr. Co. I Nov. 1, 1898
&
W e ls b a c h L iff l i t . —A consolidation in 1892 of three companies.
This company manufactures the Welsbaoh lamps, and is controlled
o^nA6nnneH ai0^ ^'?I
8H 1i
i*mercial
In 1895 the annual output was
2,500,000 lights, but the manufacturing facilities have been enlarged
to an annual capacity of 5,000,000.
s
D ividends .—In June, 1893, 2 p. c.; in 1894.16 p. c.; in 1895 70 u 0 *
in 1896, 80 p. c.; in 1897, 80 p. c.; in 1898, Mar” 20 p.c.; June, 20 p ' P
Sept., 20 p. 0.
’
v
’
EAKNiNGS.—vo report for the fiscal year ending April 30,1897, was
printed, but earnings were given in V. 67, p. 220; net earnings, $475,207; patent accounts and depreciation « harged off, $44.579; fourouarterly dividends, $412,755; balance, surplus, $17,873. President W E
Barrows, Drexel Building, Philadelphia.—(V. 65, p. 152; V. 67, p. 2 2 0 .)
W e ste rn Gas C o . ( M ilw a u k ee ).—Organized in 1893 under the
laws of New York. Owns entire capital stock of Milwaukee Gas Light
Co., this latter company being entirely free from encumbrances. See
statement to N. Y. Stock Exchange in May, 1897, in V. 64, p. 1182.
B onds.—The collateral trust bonds are secured by deposit o f all the
capital stock of Milwaukee G. L. Co. Mortgage is for $4,000,000; unte ^ ^ n tr^ T r^ is ^ C o 86^ ^ ^0r exlens*ons and improvements. Trus-

Total surplus Sept. 30,1898 (estimated), : 3,071,745, against actual
surplus in 1897 o f $7,935,566.
A nnual R eport.—Statement for 1897-98 was in V. 67, p. 839.
T
&
1897-98. 1896-97.
1895-96
1894-95.
Year ending June 30.
$
$
$
$
Revenues for the y ea r....23,915,732 22,638,859 22,612,736 22,218,019
Oper.exp s,rent.,t’xes,«fec.l7.825,58116,906,657 16,714,756 16,076 629
™ J î et ? roflts.................. 6,090,151 5,732,202 5,897,980 6,141,390
Dividends paid................ 4,867,911 4,792,855 4,767,805 4,767,734
Interest on bonds. -----896,555
895,510
893,967
893,822
Sinking funds...................
9,991
39,990
39,991
39,991

Total disbursements.. 5,774,456 5,728,355 5,701,763 5,701.547
315,695
3,847
196,217
439 843
Balance of profits.......
Miles of Miies of No. of
1
otfioes- Messages. Receipts.
Profits.
1R7q'8 d ”
5,879,282 $6,568,925 $2,624,919
$5,645 233,534 9,077 29,215,509 12.782 894 5 833 93 7
769,20121,078 66,591,858 24,978,443 7 496 0 37
826,929 21,725 58,760,444 22,612,736 5’ 897’ 981
ronc e
o
21, 769 58,151,684 22,638,859 5'732’2 0 0
D ividends .—In 1895, 4 p. c.; 1896, 5 ; 1897, 5 ; in 1898. 6 p. c.
18f?fflnf‘í ¿ t 9óS47^ 874’\ ? ° 22,210 62,173,749 23,915,733 6,090,153
E arnings of Milwaukee Gas L. Co. In 1898, Jan. 1 to Sept. 30 (9
months), net, $334,786, again st $330,758 iu 1897. In year ending Dec V
°
6
195, 464' ” 7 ’ 11271
31,1897, net, $489,211; 1896, net, $434,567; fixed charges, $188 386'
nr!^eSA r Iloa?e ® lectrlc * M
lli
C o.—Organiza dividends, $200,000; bal., surp. for year, $46,181. I n l 8 9 5 ,n e t $ 4 l 2 - » f c A Pennsylvania corporation a n a fa c ta rln ff and selling a genmanufacturing
* 79;9« « arpeS’ .^1J 9,970; di/idends, $160,000; bal., surp. for year,
1
ianoes used in the commercial applications of elec­
$72,288. Prest., Emerson McMillin, New York.—V. 64, p. 1043, 1182! tricity for lighting and power purposes. Statement to N. Y. Stoo k
W e ste rn T r a n sit C o .—Owns piers in Buffalo, N. Y., fleet of 15 t e
^ J - , 54’ p‘ 7 a*
,l
exclusive rights
steamers and also barges used on the Great Lakes. Has valuable real 5? ^ h e ^ f Z Patents on alternatingcompany owns 61, p .2 5 ,153 in
_fi?
currents.—V.
estate in Buffalo. The N. Y. Central owns its $1,000,000 capital stock. March, 1896, an agreement was made with the General Electric Co
U n ion T e le ffr a p h .—Organized under the laws of Mew for pooling patents. See V. 62, p. 502, 635. LO40
?X ang^ of stook 8ecured 14,928 shares o f the United
^
™ A
k™n o
& Mississippi Valley Printing Telegraph Co., cii!i
v“ ± pi 1 2’ 18«5 l,a n d name»changed to present title by Act of New States Electric Lighting Company out of a total of 15,000
I
J 0.1 Legislature approved in April, 1856. On Jan. 19, 1881. was bnrn |8\P
*
fr«SoA of the $2,5t 0 /fnn o f tiali y ei*tirp Walker Co., whioh renf’ ^Ar* 9a
rf,eA 00 20-yr. bonds of caPital stock and au
dated the grand consolidation, in which the Western Union raised but $850,000
to $80 000,000, giving par or $ !5 ,000,000? for the stock and mam a, first liea on the property The Increase in the fixed charges
bonds o f the American Union, 60 per cent in new West. Un for Than rhiaw Q ? Z Z “ 0 hIlt1^” to i4 2 ’0?.0 monthly)“ will be little more
At. < Pac. stock and a stock distribution of 4812 per oei.t to West,
fe
has been exPeDfimg in defending patent litigation
Union shareholders, 10 per cent of which was for a . & P. stock owned instituted by Westmghouse ana Gen Elec. Companies ’’ The direct
by W. U. Company.
saving from harmonizing manufacturing and selling operations alone,
In November, 1887, an issue o f $5,000,000 of stock was made in pav it was expected, would exceed the fixed charges incurred by the purJ
^
ment for the telegraph system of the Baltimore < Ohio Tele«ranii Oo cnase. V. 67* p. 635.
fe
In June, 1898, the $3,800.000 still owned by it was sold by tlie B* & o
Capital Stock , E tc.—Stock authorized is $15,000,000. increased
to the syndicate identified with the reorganization of thatcom pany at from $10,000,000 in J une, 1896, to provide for improvements made an d
a price said to be about 90. - V. 66, p. 1239.
company at
future needs V. 62, p 689 104 ; V. 63, p. 31. Of this, $3,000,000,
in October, 1892, the stockholders yoted to increase the stooir f
making assenting stock $8,195,126, was listed in July 1896. A ll
$86,200,000 to $100,000,000, of which $8,62^148 was thin ?aid a classes have same voting power. The first preference stock carries
“
scrip div. to represent surplus earnings expended on the Dronerrv
cumulative dividends of 7 per cent per annum, with right to partici­
^ m j u ly . 1894, $550,000 stock was is'sued for purchasl of Americau pate equally with other stook after the same shaU have received 7 per
Jfchpld
Co. lines, until then operated under lease
in Tuno cent, and preferential as to principal. See wording of preferred cer­
1897, $2,000,000 stock (making total $97,370,000)w as sold fbr tificate in editorial of May, 1893, Supplement .
v
improvements.Jeto., made in 1893 to 1896 fiscal years—V 64 n i l
Of the $3,500,000 15-yr. 5 p. c, gold debenture certificates ahnnt
D ividends . >’8 7 . ’ 8 8 . ’8 9 . ’9 0 . ’91.
’92. ’93 to Oct. ?98 incl $3,000,000 were sold in Aug., 1898, to retire the floating and bonded
debt, returning to the treasury as available assets stocks and bonds in
Since 86, p. 0.. \ 2 5
5 5% 5 15(10sc.) 5% (H 4 Q—J )
.
B onds.—The collateral trust bonds of 1888 (trustee, Mercantile Trust various lighting aed power companies yielding an annual income exaa A?ma f the deb, ature interest charge and part of the remaining
e
Company) are issued to retire an equal amount of stock and bonds of
a?T ,oab^ companies for the interest or dividends on Walker°Co7 V? 67®, p 3 2 ^ 6 9 1 ^ payment for 8tock and bonds of the
d
G
which the Western Union Company is liable, these when so retired to
be held as security for the new bpnds. On June 30,1897, the followtog
DiviDENDS.-On preferred from Feb , 1892, to Oct., 1898, inclusive,
’
stocks (par value) were pledged for the coUateral teust bonds • Gobi i at rate of 7 per cent per annum.
stockTelegraph’ $1 0R7,800; International Ocean Telegraph $1061*
R eport . - Fiscal year ends March 31. Report of March 31,
1S97, was given m V. 64, p. 1222. No figures of ear iings were given,
but dividends on preferred were said to have been earned and a surplusover. Latest earnings reported are for tin year 1894-5 in V. 61.
reQtAl^pays^^eres^an^dtvidenflH8a?“bel°w.P“ on
p. 25, and were: Net earnings from business, $734.699: from ot-ier
company owned the following stocks of the several issued inclilded sources, $67,710 ; total, $302,409, againsn $L,6 40.809 i i 1893^4 ; in^0 ,at„Paid on bonds and scrip, $39.061: dividends on pref. stook,
r®
«?1
A7oSo«?U 8ta?vd ln g :r / ranlllin Tel- $632,900; Gold & Stolk Tel
i
$1,443,800; Int. Ocean Tel., $23,100; 111. < Mississippi Tel «1 no q=a . $274,059. Balance sheet July 31, 1897, was in V. 67, p. 735. showing
&
’
Paoifle < At. Tel., $1,457,50 o S o u ^ r n & a £ $390,475
fe
T
’ $10° ’ 350; Qurrem liabilities—Accounts payable, $559,683; bills payable, $2.744,Lease
894. Current assets—Cash, $162,732; biUs receivable, $115.596: ac­
Int. or div.
Bonds
Company, de.
expires, f Amount.
counts receivable, $2,157,795; materials on hand. $1,872 019
Period. mature.
Am. Tel. < Cable stock.
fc
1932 $14,000,000 5
D irectors .—Brayton Ives (Chairman of the Board), Char les Francis
Q—M No bonds.
Empire«feBay State, st’k
1989
300,000 4
Adams, Lemuel Bannister, August Belmont, N. W. Bums tead A. M.
1975
a267,100 2ig Q—M No bonds.
Frankiin Tel. stock.......
Byers, Marcellus Hartley, G. W. Hebard. Henry B. H yde, Brayton
M«feN No bonds.
Gold «fe Stock Tel. stock.Jan.,1981 b2,458,400 6
Q —J ................. Ives and George Westinghouse. President, George Westingh ouse;
Bonds $500, notmort.
500 000 5
M«feN May 1,1895 1st Vice-President, Lemuel Bannister; 2d Vice-President, B. H. War­
Illinois «fe Mississippi
’
ren; 3d Vice President and Treasurer. P. F. Kobbé. N. Y office is at
Tel. stock, perpétuai..
c l , 830,145 4
J«fcJ ..................... 120 Broadway.—(V. 65, p. 1127; V. 67, p. 324, 635, 691, 7 3 5 .)
Intem.Ocean TeLstock. Jan.,1981 d l ,015 400 6
Q—J No bonds.
’ W h e elin g B ridge & T e r m in a l R a ilw a y .—Owns a railway
N.Y.Mut.Tel.stock($25)Feb.,1982
e l 14,300 6
bridge at Wheeling, W. Va., completed in 1891, and about 10 miles of
Mutual Un. Tel. l s t ..
f l 957 000
M«feN May, 1911 terminal track, connecting with the Cleveland < Pittsburg, Cleveland
&
Northw. Tel. stk. ($50).My7,1980
2,500.000 e 8' J < J .................... Lorain «feWheeling and Wheeling < Lake Erie on Ohio side, and Balti­
&
fe
lst mort, mt g u a r....
1.180.000
7
J <&J Jan., 1904 more & Ohio, Ohio River Railway and Pittsburg Wheelin'* «fe Ken­
Pac. < Atl. stock ($25). 99 years
fc
ff542,500 4
J «feJ No bonds. tucky (Pennsylvania system) on the Wheeling side. Au extension of
Smi^& Atl.. stock ($25) .999 years
li558,400 5
A «feO No bonds.
3 nuiles from Wheeling to Benwood was completed in March, 1895,
J Exciusiveof^m ounts owned by Weste’rn Union directly or through with receiver’ s certificates,since paid off. Stock .—Au horized $1.500. collateral trust, viz.: a $632,90 ); * $2.541600 •
>
« i n r i S 000; par, $100. No reorganization planto April,1898. C. O. Brewster
d $1,984,600; e $2,385.700; f $3,013,000; ¿ $ 1 ,4 5 7 ,5 0 0 U $390 4755 is receiver. E arnings.—For year ending Deo. 31, 1897 gross $97.L atest E vrnings.—The estimated revenue for three months ending 409; net, $24,216. In 1896, gross, $1057696; net, $32,363?
’
Sept. 30,1893, compares with actual results in 1897 as™o5ows:
g
W h e e lin g L a k e E rie & P ittsb u rg C oal.—See Syp. of Jan.,’98.
„ J& months—
Net revenue. Int. dt s. f. Dividend.
Bain-n™
W h it e b r e a s t F u e l.—(Plan V. 62, p. 1140.) -S ee Supp Oct.. ’97;
1893 (partly est.) ...HI.550.000 $224,500 $1,216,990 sur8U08 51o also V. 66, p. 860, and V. 67, p. 691., 748
» upp., ucr.,
1897 (actual).......... 1,703,851
224,418
1,216,972 sun 262,461
W in o n a B rid ge. Sea R ailroads .




J u l y / 1898.]

MISHELL ANEOUS

COMPANIES—SUPPLE MENTAEY.

159

For Securities Outstanding see the tables on pages U7 to 158, inclusive.
A m e r ic a n D is t r ic t T e le g ra p h ..—See Supplement of «JAn-. 1893«
Annual report for year ending Dec. 31, 1897, was In V. 66, p. 234,
-showing gross, $548,128; net, $75,187; dividends (2 p. c.), $76,882;
bal. def. for year, $1,695. In 1896, gross, $545,840; net, $}7,182.
D ividends .— 51891. 1892. 1893. 1894. 1895. 1896. 1897. 189?.
Per cent.
( 1
2*2
.
1 3
1 2
May, 2
Office, 8 Dey St., N. Y. City.—V. 64, p. 3 2 7 ; Y. 66, p. 2 3 4 .
A m erican E lectric H eating; C orp o ra tio n .—See Supp . of
July, 1898, and Y. 62, p. 587, 634; V. 63, p. 793.
A m erican Grocery C o.—In process of liquidation.—V. 66, p. 234.
Stock is: Common, $1,000,000; 1st pref., $410,840; 2d pref., $1,500,000 —par ($
). Report for 1896-7 was given in V. 65, p. 366. T.
L. Marsalis, Pres, and Gen. Manager.—(Y. 66, p. 234.)
A m eric a n Screw Co.—Statement 1897,Y. 66, p. 382; Y. 67, p. 735.
A m erican Soda F o u n ta in .—Formed in ’ 91 in S.J.—V .66,p.382.
D ividends .—On 1st and 2d preferred stocks in full to Nov., 1896,
in cl.; 1897, none. On common stock to Feb., ’96,10 p. c yearly; in May,
’ 96,1% p.c.; Aug., 13* p. c.; Nov., 1% p. c.; in 1897, none.
G eneral F inances.—On Aug. 31, 1897, there were loans (unse*
-cured) to the company by its managers of $225,825 and additional
loans from the managers of $876,768 secured by customers’ notes.
A nnual R eport .—Report for 1897, first 8 months, V. 66, p.3 3 3 ,
showed loss on operations $17,394, as against loss $61,079 for 1896;
profit, $321,727 for year 1895 and $353,128 for year 1894; no divi­
dends, as against $196,875 paid from accumulated surplus m 1896,
leaving total surplus $66,914 and $300,000 dividends in 1895. Pres­
ident, James W. Tufts. N. Y. office, 449 First Ave.—(V.66, p. 33 3 .)
A m erican Straw B o a r d . —Incorporated under the laws of Illi­
nois. In 1893, dividends, 2 per cent, paid in March and J une, but none
M
Sinee—See V. 62, p. 587. Total issue of bonds was $1,250,000, but
they are being retired by sinking fund.
A nnual R eport .—During 1897 it is said, earned fixed charges, sinkng fund and reduced funded debt $170,000. V. 66, p. 182. Report
■for 1897, in V. 66, p. 333, showed:
1894.
1895.
.1897.
1896.
Gross incom e................................. $2,278,390 $2,575,000 $2,199,000
52,640
93,473
$89,703
113,292
'Profits.........................
1-55
0-87
Per cent on stock_
_
1*49
1‘88
Bills payable Jan. 1,1897, $265,000; total surplus Jan. 1,1897, $217,350. President (in Feb., ’98), R. F. Newcomb. General office, Old Col­
ony Building, Chicago. (V. 64, p. 179, 3 2 7 , 841; V. 66, p. 182, 3 3 3 .)
A m erican T ype F o u n d ers C o .—Organization .—Incorporated
iln 1892 under laws of New Jersey to carry on the business of manu­
facturing and selling type. See Chronicle V. 55, p. 625 and adv.
■Early in 1896 over 98 per cent in interest of the stockholders, acting
on the statement in V. 61, p. 1106, agreed to exchange the $5,000,000
common and $4,000,000 preferred stock, at 15 for the common and 75
for the preferred, into new common stock, making iD all outstanding,
Aug. 31,1898, $4,000,000. V. 62, p. 682. As part of the capital read­
justment $500,000 gold 6 per cent bonds(part of an issue of $1,000,•O O were issued in July, 1896, and $100,000 more during 1897-8.
O)
Trustee, Mercantile Trust Co., N. Y. Bills payable Aug. 31, 1898,
$279,219-see V. 65, p. 822.
Dividends on preferred in 1893: 4 p. c.; Oct. 15,1898,1 p. c., the
first since reorganization. V. 67, p. 688.
annual R eport .—In 1897-8, gross, $215,446; interest charges,
'$45,632; net, $169,814. The report for the year ending Aug. 31,1897,
was in V. 65, p. 822, showing bal. sheet, but no statement of earnings.
President, John E. Searles, 27 William St.—(V. 67, p. 688,735.)
B a y s ta t e G a s C o .—incorporated in 1889 under the laws of Del­
aware, and acquired $995,000 of the $1,000,000 stock of the Bay State
Gas Co. of New Jersey, whichlatter company owned substatftially all the
capital stock of the following companies supplying gas to the city of
Boston: Bay State of Mass.; Boston Gaslight, Roxbury Ga«)ight and
South Boston Gaslight. The stocks of these four operating companies
were pledged to secure the bonds below mentioned, but their voting
power was acquired in November, 1897, for the New England Gas &
Coke Co.—which see on a preceding page—see also V. 65, p. 1221.
Stock .—Stock (par $50) increased from $5,000,000 to $15,000,000 in
October, 1895, to acquire “ certain gas properties.” In Sept., 1897, in­
creased to $50,000,000—see V. 65, p. 515, «570, 778. As to reasons for
this increase and history of Bay State Co.—see V. 65, p. 1221.
B onds.—The “ Boston United Gas” mortgage of 1889 was issued by
the B. S. Gas Co. of New Jersey and guaranteed by the Delaware
company. The mortgage is for $12,000,000 gold bonds, of which
$7,000,000 were secured by deposit with the Mercantile Trust
Co., trustee, of practically all the stock of the Boston, South Boston,
Roxbury and Bay State (of Mass ) gas-light companies of Boston, said
to have cost over $10,000,000. Of the balance ($5,000,000), $3,000,000
were reserved to acquire other gas companies upon certain terms and
$2,000,000 for improvements. Each registered $1,000 bond is entitled
to 5 votes. There is an annual sinking fund of one per cent of the entire
Issue, and bonds can be drawn at 105. All the bonds issued are de­
posited with Mercantile Trifst Co., N.Y., which issues its Boston United
Gas trust certificates therefor. V. 67, p. 221.
E arnings—Fiscal year ends June 30. Reports of the four operating
companies, with balance sheets, in V. 65, p. I l l J, showing:
1896-97............$2,012,018 $59?,589 $231,069 $528,000 1F$215,864
IfAfter deducting interest, charges, etc.—V. 67, p. 221, 369.
B o s t o n & M o n t a n a C o n s o l. M i n i n g .—V. 66, p. 7 0 7 ,759,1139
B r u n sw ic k (G a.) D o c k & Im p ro v em e n t C o.—Successor to
Brunswick Company, foreclosed Jan. 4,1897, and reorganized per plan
in V. 65, p. 326; see also V. 66, p. 1043.
Stock and B onds.—Stock, $5,000,000 (par $100); all listed Jin Aug.
1398—see application V. 66, p. 1043. Bonds ($11,100) are 1st M. 5s
dated June 1,1897, due June 1,1917, $169,200 having been redeemed
and canceled in Sept., 1893. V. 67, p, 273,481. President, Henry E
Howland, 35 Wall Street, New York; Secretary and Treasurer, A. G,
Kraetzer, Jr., 142 Pearl St., N. Y. V. 66, p. 1043; V. 67, p. 273, 481.
C am bria Ir o n C o.—Incorporated in 1852 in Pennsylvania under
perpetual charter. O wns blast furnaoss, rolling mills, steel works,
etc., at Johnstown, Pa., and in counties of Cambria, Bedford, Blair,
Fayette, Indiana, Somerset and Philadelphia, in State of Pennsylvania
—Y. 66. p. 10-9; V. 67, p 177. On Sept. 23,1898, the directors ratided
the proposed lease to the new Cambria Steel Co. at rental of 4 per cent
on $8,000,000 stock, the shareholders to have the right to subscribe
for stock of Steel Co. on basis of 2 shares for each share of the old, and
to receive also a 6 per cent scrip dividend convertible into stock.—V.
67, p. 427, 633.
Stock .—Capital stock($10,000,000)outstanding$7,974,550(par $50),
Dividends have been paid for many years; from 1893 to Oct., 1898,
at rate o f 4 per cent per annum. Stock dividend 12^ p. c. in 1895.
B onds. -Debentures of 1897 ($2,500,000 authorized) were described
in V. 64, p. 753, 951. They are subject to call at par on and after July
1,1902, on 30 days’ notice.
E arnings .—For the year ending Oct. 31,1896, no report issued, but
jprofits are said to have been about $720,000 (equal to 9 per cent on
stock); dividends (4 percent), $319,000; improvements. $160,000.—
Y. 64, p. 286. Profit and loss surplus Oct. 31,1-895, $3,728,100.—(V.
67, p. 177, 427, 633, 688.)




To be organized in 1893 per plan in V. 67, p,
688, to lease the Cambria Iron Co. at 4 per cent on it s $8,000,000^
stock and to extend the field of operations. Capital stock o:f $16,000,
000 offered for subscription to Cunbna Iron st0< o ld e r s , payments
i^
to be as follow s; $1 50 per share about D ei. 1,1898, $1 50 June jl,
1899, and thereafter for five years $3 per annum, payable semi-an­
nually. This will provide the needed capital. V. 67, p. brfrf, osa.
C anton C om p an y.—See S u pplem ent or April, 1897.
C a ta r a c t P «»w e r Sc C o n d u it . See V. 62, p. 1138.
C e n tr a l C o a l Sc C o k e C o . o f K a n s a s C ity . M o . —Stock
listed on the New York Stock Exchange in June, 1895. This company,
organized under the laws of Missouri April 16,1893,_is engaged in
Missouri, Texas and Arkansas in the mining of coal and the manuiaoture of coke, lumber, railway ties, &c. It has nine ® 8 w J L S
operation, with, a reported annual output of about 1,000,000 tons or
bituminous co a l; also two saw and planing mills,
of 45,000,000 feet per annum. The capital stock is $3,000,000, o f
which $1,500,000 Is preferred 5 per cent cumulative. Dividends
on preferred paid Aug. 15, 5 p. c. each in 1894,1895,1896. On Oct.
15, 1 8 9 8,1 ^ t> c. was paid. There are $560,000 of bonds; $40,000
.
drawn each May 1 at 103 and interest to Aug. 1, follow ing. State­
ment of June 1,1898, was in V 67, p. 369. V. 62, p. 863; V. 66, p.,
425; V. 67, p .3 6 9 .
C e n tr a l U n io n T e le p h o n e ( B h 'c a g o ) . —This company controls
the Bell Telephone business in Indiana, in Ohio with the exception of
Cleveland and Cincinnati, and in Illinois excepting Cook and four
other counties. Capital stock is $6,605,300.
. A.
In March, 1*96 a mortgage for $3,000,000 of 6 per cent 10 20-year
„old bonds was authorized, of which $2,150,000 had been issued to
Deo. 31, 1897, at which date unfunded debt was $400,000. Report
for 1897 was given in V. 66, p. 286. In 1897 paid dividends amount­
ing to $66,053; in 1895, to $330,265; ia 1894, to $330,625; in 1893, to
$330,000. President, «Jackson.—V. 64, p. 328; V. 66, p. 2 8 6 .
Chicago E d iso n Co.—See V. 66, p. 183,95 1,1 043 .
C hicago T elep h o n e.—V. 66, p. 2 3 4 .
C om stock T u n n e l Co.
See S u p p l e m e n t of
C on solidated E lectric L ig h t.
April, 1897, p. 153.
D etroit M a ck in ac Sc M arquette B B
C onsolidated K a n sa s City Sm eltin g Sc R e fin in g .—Incor­
porated in 1887 under laws of New York, and owns extensive works at
Argentine, a suburb of Kansas City for smelting and refining gold, lead
silver and oopper ores. Also has smelting works near El Paso, Texas,
and Leadville, Colorado. In Mexico it owns many mining properties.
D ividends .—On common, August 1,1887, to February, 1892, 10 per
oent per annum in cash, and in 1892 12b! per cent also in stock; in
March, 1893, 10 per cent in stook; in Sept., 1895, 3 p. o.; in 1896,
March, 3 p. o.; in 1898, Aug., lb* p. c. On preferred, in full to Oct.,
1898. Preferred stock was fully described In V. 63, p. 32. Preferred
listed on N. Y. Stook Exchange to Oct., 1898, $871,325; issued $?46,325; common stock, $2,500,000; first mort. gold 6s, due May 1,1900.
E arnings .—Year 1897, gross. $588,998; net, $472,997; interest, eto.,
$287,069; dividends, $ 16,992; surplus, $138,935; 1896, gross, $357.311; net, $2^2,042; 1895, gross, $595,860; net, $501,382. Aug. R.
Meyer, President; N. Witherill, Yice-President, 100 Broadway, N. Y.
City. (V. 64, p. 754; V. 66, p. 4 7 1 .)
D etroit U n io n l i l t . , D epot Sc S ta tio n .—
D u l u t h - S u p e r io r B r i d g e .—See S u p p . of July, 1898.
H e c k e r -J o n e s-J e w e ll M illin g .—New Jersey corporation
Par.
Interest.
Amount.
Last Div., etc.
Common stock........ $100
........
$2,000,000
............
1st pref. 8% stock... 100
Q.—M.
3,000,000
Deo.I, 97,2%
1st M., gold.............. 1,000
6 M. & 8.
2,500,000
Sept. 1, 1922
S. f. subject to call at 110 after Sept, j , 1902. Pref. stock has pref­
erence as to both assets and dividends. Interest and dividends are
payable at Franklin Trust Co., Brooklyn. Dividends on preferred to
Deo., 1897, incl., 8 per cent per annum. The Mar., 1898, dividend
was passed, being first since the formation of company; also the
June, 1898, dividends. President, Eugene Jones. Office, Produce E x­
change Building.—V. 66, p. 336.
(The) J o h n so n Oo.—See S u p p . of July, 1898.
J osep h B a n lg a n R u b b e r C o.—V. 63, p. 1063.
J o u rn e a y Sc B u r n h a m .—See V. 54, p. 192 and adv. Dividends
on preferred stock to July, 1898, 8 p. c. yearly (2 p. o. quarterly.)
M a x w e ll L a n d G r a n t .-S e e Supplement April, 1897, p. 154.
N a tio n a l R i c e M i l l i n g . —See full statement V. 55, p. 49.
N ew Central Coal (M d .).—Owns coal lands in Allegheny County,
Maryland. The annual report for year ending Dec. 31,1896, was in V.
64, p. 515. Tons mined in 1897, 206,262; 188,453 in 1896, 201,826 in
1895, 151,002 in 1894 and 223,503 tons in 1893; net profits 1897,
$32,006; in 1896, $23,018; in 1895, $25,013 ; in 1894, $17,337.
Balance to credit of profit and loss December 31, 1896, $181,903. N. Y. office, 1 Broadway. In 1898 reduced the capital stook
from $5,000,000 to $1,000,000 and the par value of shares from $100
to $20. V. 66, p. 901, 1140; V. 64, p. 5 1 5 .
D ividends — >’85 ’86. ’ 8 ’ . ’88. ’89. ’ 90. ’91 t o ’94. ’9 5 t o ’ 97. ’98.
Since 1884 p. c . ) 0 1 1 1 0 0
1
0
Oot.2,
—V. 66, p. 901, 1140; V. 67, p 29.
N e w Y o r k A ir B r a k e —Incorporated under laws of New Jersey
Works are located at Watertown, N. Y., where plant has capacity for
making 100 sets of car brakes a day. CaDital stook, $5,000,000 (par
$l0O) is on unlisted department of N. Y. Stook Exchange. Last divi­
dends were in 1896, when 6 p. o. was paid. Bonded debt is $250,000,
D ir e c t o r s .—President, C. A. Starbuck, 66 Broadway; Vice-Prest.,
Daniel Magone; Secy, and Treas., John C. Thompson; Asst. Treas.,
C. H. Chaffer, Cranford Livingston, H. A. Rogers, R. P. Flower ana
Anthony Brady. Transfers at office, 66 Broadway, N. Y.; Registrar,
Knickerbocker Trust Co. N. Y.—V. 65, p. 368, 463; Y. 67, p. 843.
N ew Y o v k M u tu a l T elegraph .—Successor to the Mutual Union
Telegraph Company. The stock carries dividends of 6 per cent per
annum under a lease for 99 years from February 15,1883, to Western
Union Telegraph. The Western Union gives its collateral trust bonds
in exchange at par for the stock and bonds of this company.
Ogden Gas (C h icag o ).—See S u pplem en t of January, 1898.
Silver B u llio n Certificates.—See S u pplem en t of Jan., 1898.
Sterling Iro n Sc R a ilw a y .—See S u pplem en t of January, 1898.
Su squ eh an n a C oal.—See S u pplem en t of January, 1898.
W a g n e r P a la ce Car C o.—A joint-stock association, which owns
and operates the Wagner cars in twenty States and in Canada on many
important railroad systems. Stock, authorized, $20,000,000.
Years end. June 30. Gross.
Net.
Dividends.
Balance.
(1)
.
(1)
1 8 9 8 .......................... $3,681,214 $1,214,633
I
1,424,334
(?)
(?)
1 8 9 7 .......................... 3,436,281
1,567,891 (8 per ct.)
(?)
1 8 9 6 ......................... 3,660,333
1,560,187 $1,520,000 sur.$40,187
1895.......................... 3,363,942
Dividends of 8 per cent yearly have been paid.—(V. 67, p. 3 69.)
W e s t e r n S t o n e .—V. 66, p. 234.
W o r th in g to n (H e n ry R .) .—See S u pplem en t of January, 1893

INVESTORS’

160
NEW TOBK A BROOKLYN CITY BANKS.
COMPANIES.

Capital .
Par Amount.

(*

%

N ew Y o rk
America*....
Am. E xch ...
A sto r..........
Astor Place*
Bowery*....
Broadway..
Butch’s’ ADr
Central.......
Chase...........
Chatham ...
Chemical....
Citizens’ . . . .
City.............
Colonial*...
Columbia*..
Commerce..
Continental.
Corn Exch.*
East River..
11th Ward*.
Fifth............
Fifth Ave*..
First ...........
Fourth........
14th Street*

$
$
$
100 111500000 2,612,500 J. & J. 15
11 July’98. 7
100 5)000,000 2,610,000 M. AN .
7
7 Nov.’98. 34a
100 300,000
Crg. Jan. ’ 98
8,700
100 250,000 362,300 J. & J.
6 July’98. 3
6
100 250,000 614,200 J. A J. 12
16 July’98. 4
25 1,000,000 1,627,800 J. A J. 12
12 July’93. 6
25 300,000 121,200 J. A J.
8
7 July’98. 3
100 t 1000000 510,000 J. A J.
7
7Hî July’98. 4
100 §1000000 1,129,600 J. A J. 10
10 July’98. 5
25 450,000 988,600 Q.—J. 16
16 Oct. ’98. 4
100 300,000 6,996,400 Bi-m’ly. 150 150 Nov.'98.25
25 600,000 378,400 J. A J.
7 . 7 July’98. 3 ia
100 1,000,000 4,322,800 M. A N. 15
15 May ’98,10
65,900 Decem.
100 100,000
5 Dec. ’97. 5
100 300,000 189,400 J. A J.
8
8 July’98. 4
3,602,000 J. A J.
100 5,000,000
8
8 July’93. 4
100 1,000,000 605,200 J. A J.
6
6 Ju ly’98. 3
12 Aug.*98. 6
100 1,000,000 1,260,800 F. A A. 12
25 250,000 154,700 J. A J.
8
8 July’98. 4
8
8 July’98. 4
25 100,000 119,500 J. A J.
100 200,000 326,300 J. A J. 1412 12 July’98. 6
100 100,000 1,170,100 Q.—J. 100 100 Oct. ’98.25
100 500,000 7,488,200 Q.—J. 100 100 Oct. '98.25
7
7 Ju ly’98. 3ia
100 3,200,000 2,030,200 J. A J.
53,800 M. A N.
6
6 M ay’98. 3
100 100,000
6,000
100 200,000
12 Oct. ’98. 6
50 1,000,000 1,725,400 A. A O. 12
G allatin. . . .
26,300 F. A A.
2ia None F eb.’96. 213
Gansevoort* 50 200,000
Sep. ’98.10
100 200,000 857,600 Q.—M.
6
6 Aug.’98. 3
Germ’nAm.* 75 750,000 .277,300 F. A A.
575,900 May.
16
10 May ’98.10
Germ’n Ex.* 100 200,000
10 Nov.’98. 5
Germania*.. 100 200,000 754,200 M. A N. 10
6
6 Nov.’98. 3
Greenwich*. 25 200,000 172,cOO M. A N.
85,200 J. A J.
512 6 Ju ly’98. 3
Hamilton*.. 100 200,000
10 July’98. 5
Hanover___ 100 1,000,000 2,240,200 J. A J. 10
100 500,000 160,200
84Ì100 J. A J.
6 None July ’96. 3
Home*........ 100 100,000
♦ Aug.’98. 3
i
6
Hud. River* 100 200,000 189,300 F. A A.
20 July’98.10
Imp. A Trad. 100 1,500,000 5,615,100 J. A J. 20
8
50 500,000 368,000 J. A J.
8 July’98. 4
Irv in g ........
10 July’98. 5
Leather Mir. 100 600,000 482,600 J. A J. 10
100 500,000 335,9U0
Lincoln....... 100 300,000 748,200 Q .-F . I lia 12 Aug.’98. 3
8
8 Aug.’98. 4
Manhattan * 50 2,050,000 2,086,400 F. A A.
10 July’98. 5
Mkt A Fult. 100 Î900.000 974,100 J. A J. 10
8
8 July’98. 4
Mechanics’ . 25 2,000,000 2,005,100 J. A J.
9
6 July’98. 3
Meek. & Tr * 25 400,000 174,200 J. A J.
6 Ju ly’98. 3
6
Mercantile.. 100 1,000,000 i ,013,600 J. A J.
7
7 July’98. 3ia
Merchants’ . 50 2,000,000 1,061,000 J. A J.
6
6 July’9«. 3
Meroh. E x .. 50 600,000 17«,100 J. A J.
12 June’98. 6
Metropolis*. 100 300,000 862,200 J. A D. 12
93,100 J. A J. None None July,’94. 3
Mt. Morris*. 100 250,000
TOO 200,000 113,200
8
8 M ay’98. 4
Nassau*___ 50 500,000 266,600 M. A N.
100 250,000 310,300
10 June’98. 5
New Y ork.. 100 2,000,000 1,858,600 J. A J. 10
8 July’98.10
N. Y. County 100 200,000 450,300 J. A J. 18
50,800 F. A A.
6
2 F eb .'97. 2
N. Y. N. E x. 100 300,000
6
5 July’98. 2
Ninth.......... 100 750,000 287,500 J. A J.
25,400 J. A J.
6
3 Jan .’97. 3
Nine’thW ’d* 100 100,000
6
6 July’98. 3
N. America. 70 700,000 554,500 J. A J.
10 July’98. 5
Oriental*... 25 300,000 403,600 J. A J. 10
8
8 Nov.’98. 2
Pacific* ___ 50 422,700 479,200 Q .-F .
10 June’98. 5
P ark ............ 100 2,000,000 3,235,900 J. A J. 10
10 July’98. 5
People’ s* ... 25 200,000 264,800 J. A J. 10
6
6 July’98. 3
P h e n ix ....... 20 1,000,000 243,400 J. A J.
V. 67, p. 275
100 100,000 110,500
6
6 Oct. ’98. 3
Prod.Exoh.* 100 l.oooiooo 358,800 A. A O.
8
Republic ... 100 1,500,000 834,100 J. A J.
8 July’98. 4
6
6 Oct. ’98. lis
Riverside*.. 100 100,000 101,700 Q .-J .
6
6 July’98. 3
Seaboard... 100 500,000 384,200 J. A J.
300,000 721,100 J. A J. 11
12 July’98. 6
Second........ 100
3 None Jan .’96. 3
Seventh ___ 100 300,000 109,300 J. A J.
Shoe A L’thr 100 1,000,000 154,000 Q .-J . None None Oct. ’98. 1
12 July’98. 6
S ixth ........... 100 200,000 349,300 J. A J. 12
Standard .. IOC 200,000 See Y. 65, pp. 107 2 and 1110.
84,400 J. A J.
July’98. 3
100 100,000
6
6 M ay’98 3
State of N.Y* 100 1,200,000 5181300 M. A N.
.
Tradesmens 40 750,000 128,100 J. A J. See V.67, • 738, 802.
6
6 Ju ly’9 8. 3
Twe’f.Ward* 100 200,000 150,800 J. A J.
47,100 F. A A.
5
5 Aug.’98. 2ia
23d Ward*.. 100 100,000
100 1,200,000 948,500
100 200,000 30L800
U. States___ 100 500;000 Cousolid ated wi itti W est'n National.
None None Jan.’94. 3
W estern___ 100 2,100,000 767,700
12 Ju ly’98. 6
West Side*.. 100 200,000 351,200 J. A J. 12
100,000 128,600
100
B r o o k ly n
B edford *... 100 150,000 105,690 J. A J.
8
8 July’98. 4
Broadway*. 100 100,000 114,782 J. A J.
6
8 Ju ly’98. 4
Brooklyn*.. 100 300,000 160,068 J. A J.
8
7 J u ly’98. 3ia
20 J u ly ’98. 7
C ity ............ 50 300,000 557,600 J. A J. 20
35,138
8th Ward*.. 100 100,000
52,009 J. A J
5th Avenue* 100 ioo;ooo
44a 5 Ju ly’98. 2ia
First............ 100 300,009 954,600 J. A J. 16
16 June’98. 8
Fulton*....... 40 200,000 169,043 J. & J.
8
8 July’98. 3
14,128
100 100,000
Estab. 1895.
43,260 J. A J.
Hamilton*.. 100 100,000
5 None J u ly ’96. 2 >
a
59,319 J. A J
Kings C o*.. 100 150,000
7
5 Ju ly’98, 2ia
In liqui datio n.
J u ly ’96. 3
Long Isl’d*. 100 400,000
Manufao’rs’ 30 252,000 423,138 J. A J.
8
8 J u ly’98. 4
Mechanics’ * 50 500,000 389,810 J. A J. 12
12 July’ 98. 5
188,539 J. A J. 10
Meoh.ATra* 100 100,000
10 J u ly’ 98. 5
Nassau........ 100 300,000 560,900 J. A J. 12
12 Ju ly’98. 6
North Side.* 100 100,000 111,068 J. A J.
6
6 Ju ly’98. 3
50 100,000 105,821 F. & A.
57.082
100 100,000
17th Ward*. 100 100300
65,529 F. & A. None None Aug.’95. 3
Sprague___ 100 200,000 210 117 J. A J.
6
6 Ju ly’98. 3
26th Ward.* 100 100,000
51,30 ï J. & J.
6
6 J u ly’98. 3
Union*........ 10Ü 100,000
45,408 J. A J.
4
4 J u ly’ 97. 2
Wallabout*. 100 100,000
32,354 J. A J.
5
5 Ju ly’ 98. 213
t Sept. 20, 1898, for National and Sept. 29,1898, for State banks
and includes undivided profits,
i Increased from $750,000 in November, 1896.
H Reduced from $2,000,000 on January 8, 1897.
HCapital stock reduced from $3,000,000 in October, 1895, and 2
per cent: extra dividend paid in January, 1896, on account thereof.
(See V. 61, p. 660.)
§ Increased from $500,000 in December, 1897.




[voL.Lxm

NEW YORK AND BROOKLYN TRUST COMPANIES.
(F o r detailed statem en ts, see C h ron icle o f J u ly 3 0 , ’ 9 8 .)

State banks.)

D ividends .
Surplus
at latest
dates, t Period. 1896. 1897. Latest.

SUPPLEMENT.

Surplus A Dividends paid in ’ 96 and ’97,
and also last dividend.
Undiv’ed
Pronta
Par Amount. J’neSO’ÖS Period. ’96. ’97. Last Paid. %
Capital .

8 Jan., 98. 2
A tlantic. . . . . . 100 1,000,000 *250,340 Q —J. 8
B rooklyn....... 100 1,000,000 1,546,504 Q —J. 16 16 Oct., 98. 4
Central.......... 100 1,000,000 7,494,679 Bi-mon 50 50 Nov., 98. 5
See V 63,p .q
6&
C olon ial........ 100 1,000,000 587,66 •
Est abli shed L897
Consolidated.
100,000
(1)
6
6 Oct., 98. 1%
Continental. . 100 500,000 396,448 Q.—j .
Farm. L. A Tr. 25 1,000,000 4,817,616 Q. —F. 30 30 Nov., ’98.10
Fifth Avenue. 100 500,000 540,600 See V. 65, p . 82 4; V .66,p. 81.
8 Oct., ’98. 2
Franklin........ 100 1,000,000 1.0 7,651 Q. —J. 8
Guar.Tr.,N.Y. 100 2,000,000 2,906,823 J. A J. 9 15 July, ’98 6
H a m ilton ___ 100 500,000 587,011 Q. —F. 8
8 Nov., ’98 2
8 Nov., ’98. 2
Kings County. 100 500,000 808,652 Q. —F. 8
6 July, 98. 3
Knickerbock’r 100 1,000,000 700,982 J? A J- 6
LongLL.ATr.. 100 500,000 477,340 Q —J. 8
8 Oct., ’98. 2
5 July, ’98.
Manhattan ... 30 1,000,000 663,410 J. A J. 5
Man’rs’.Bklyn 100 500,000 652,459 Q —J. 2 10 Oct., ’98. 2
Mercantile___ 100 2,000,000 3,497,2-1 Q —J. 15 12 Oct., ’ 98. 3
Metropolitan. 100 1,000,000 1,129,502 J. A J. 10 10 July, ’98. 5
6 Nov.,’98. 3
Nassau............ 100 500,000 309,113 F. A A. 6
N.Y. Lf.I.ATr. 100 1,000,000 2,838,112 J. A D. 40 40 June, ’98.20
N. Y. Sec. ATr. 100 1,000,000 1,736,502 M. AN. 10 10 Nov., ’98. 5
People’ s.......... 100 1,000,000 1,200,302 Q J. 8
8 Oct., ’98. 2H»
Produce Exch. 100 500,000 545,018 See V. 65, p p.10 72 and 1116.
Real Estate... 100 500,000 400,881 J. A J. 6
6Hî July. ’98. 31«
Standard ....... 100 500,000
SeeV .67,1i.rSO
6 July, ’98. 3
State............... 100 1,000,000 1,002,184 J. A J. 6
Title Gu. ATr.. 100 2,500,000 2,375,778 Q.—J. 8
8 Oct., ’98. 2
U n ion ............. 100 1,000,000 5,512,577 Q —J. 30 32 Oct., ’98. 8
U.S. Mort. ATr. 100 2,000,000 1,454,146 See Mi seel lane ous Cos.
United States. 100 2,000,000 10258650 J. A J. 40 40 June ’98.20
Washington. . 100 500,000 584,233 J. A J. 6
7 July, ’98. 4
NEW YORK AND BROOKLYN FIRE INSURANCE COMPANIES.
Capital .
Companies.
Par. Amount.

Net
D ividends .
Surplus,
Dec. 31,
1897.* 1895. 1896. 1897. Last Paid. %

$
$
$
4 July,’97. 4
50 400,000
5 None
Am erican...
10
24,165 10
10 Aug.,’98. 2 H
i
25 200,000
Broadway. .
20 300,000 127,403
7
7 J u ly ,’98. 4
7
Citizens’ ___
6
6
9 J u ly ,’98. 3
Com’nw’lt h . 100 500,000 284,238
Continental. 100 1,000,000 3,117,995 15-40 17-70 20 J u ly ,’98.121«
15
40 300,000 754,883 15
15 Oct., ’98. 71«
E agle...........
75,356
6
6
6 Ju ly,'98. 3
Empire City. 100 200,000
50 200,000
58,857
5Hj 6
6 J u ly ,’98. 3Hi
Farragut... .
20
25 July, ’98.15
German Am. 100 1,000,000 3,678,999 20
Ger.Alllanoe 100 200,000 130,281
10
12 J u ly ,’98. 6
50 1,000,000 1,833,700 10
Germania...
6 July,’98. 3
50 200,000 125,187 None None
G lobe...........
10
10 J u ly ,’98. 5
Greenwich..
25 200,000 436,128 10
6
6
H am ilton...
15 150,000 100,833
6 J u ly ,’ 98. 3
7
8 J u ly ,’98. 5
50 1,000,000 584,870
7
H anover___
10
10 J u ly ,’98. 5
H om e.......... 100 3,000,000 3,570,268 10
12
12
12 Ju ly,’98. 6
20 150,000 184,091
Kings C o ....
10
10 J u ly ,’98. 5
50 200,000 266,620 10
Nassau........
3
6
6 A u g,.’98. 3
New Y ork... 100 200,000 147,208
10
10 J u ly ,’98. 5
50 500,000 713,766 10
Niagara.......
6
6
North River.
25 350,000 290,274
7 Oct., ’98. 4
10
10 J u ly ,’98. 5
25 200,000 265,066 10
Pacific.........
10
10 Aug.,’98. 5
20 150,000 121,459 10
Peter Cooper
10
10 J u ly ,’98. 5
Phenix........
50 1,000,000 1,220,307 10
69,946
9 Aug.,’98. 4
8
10
25 200,000
Rutgers’ ___
6
33,306
6
6 Ju ly,’98. 3
25 200,000
Stuyvesant.
6
6
8 J u ly ,’98. 4
Unit’d States . 25 250,000 206,355
10
10 Aug.,’98. 5
10 300,000 999,827 10
Westohest’r .
20
20 July, ’98.10
50 250,000 937,129 20
W’msb. City
* Over all liabilities, including re-insurance, capital and scrip.
GAS COMPANIES.—SEE ALSO MISCELLANEOUS.
Companies.

Dividends and Interest.
Par. Securities Period.
afioat.
’ 96. ’97. *Date. %

See also ** llltsce 11a a e o n s ” pa ges.
linghamton (N. Y.)
450,000
Gas Works—Stook. 100
450^000 A. A O.
1938
Bonds 5s................ 1,000
6 May 2 5,’ 98,3
Jolumbus, O., Gas... 100 1,072^800 M. A N. 6
IstM. g.,V.64,1224 1,000 1,175,000 J. A J. 5g. 5g. July 1, 1932
Ion. Gas (N.J.) Stk.. 100 1,000,000
850,000 J. A J. 5
Jan. 1,1936
5
1st con., gold— o* 1,000
750,000 J. A J. 8
25
8 June 30,’98,4
Hartford City G. Lt.
50 2,000,000 Q.—M. 12
Indianapolis Gas—
m
(1)
1 9 /0
6
1st mortgage........ 1,000 2,750,000 M. A N. 6
50
250,000 M. A N.
May, ’98, l 1
«
racks on'.(Mich )—Stk
250,000 M. A S. 5
1937
5
Bonds..................... 1,000
400,000 J. A J.
4 July 2 0 ,’9 8,2
Madlson(Wls.) G. & E. 100
50
800,000 J. A J. 5
6 July 1, ’9 8 ,4
dinneap. G. L., Stk.
600,000 M. A S. 6
6 Mar. 1, 1902
1st mort. 6s........... 1,000
6
1910-1930
1st con. gold 6s.... 1,000 2,232,000 M. A S. 6
8
8 N ov.l,’ 98,2Ha
dun’l Gas (Alb, N.Y) 100 2,000,000 Q.—F.
500,000 J. A J. 6
6 July 1, 1906
1st m ortgage,g.... 1,000
t2 t 2 Mar., ’97, 2t
180,000
Slew Mem. (Tenn) G. L 100
240,000 A. A Ö. 7
7
Apr. 1, 1903
Memphis G. L. bds. 1,000
180,000 M. A N. 5g. 5g.
1925
New con. M., 1895. 1.000
«
7H J ulylS’98,21
Sew Orleans G. L . .. 100 3,750,000 J. A J. 8
51,000 J. A J 5
1,000
5
Yarious.
1st mortgage........
9 July i l , ’98,4
S. Y. Wut’ l G.L.-St’k 100 3,500,000 J. A J. 9
Rochest’ r Gas & El.—
100 2,150,000
Common................
6 Aug. I, ’98, 3
Preferred............... 100 2,150,000 F. A Â. 6
5 Nov. 1, 1912
1st cons, mort....... 1,000 2,000,000 M. A N. 5
1 . 000.000
3t.Joseph(Mo.)—
Stk, 1 0
75 >,000 J. A J. 5
1937
5
Bonds...... ............. 1,000
1 Nov. 15,’98,1
3t. P. (Minn.) G.L.Stk, 100 1,500,000! Q —F. 6
650,000 J. A J. 6
6 July 1, 1915
1st currency.......... 1,000
600,000 J. A J. 6
6 July 1, 1918
1st consol.............. 1,000
5 Mar. 1, 1944
Gen. mort. gold.... 1,000 2,573,00C M. A S. 5
100 1,750.00C
3yr’c’se(N.Y.jG.Stk,
1,000 1^500,000 J. A J. 5
5 Jan. 1. 1946
1st mort. g..........o
20 2,600,00C Q.—F. 10 10 Aug.1,’ 98 ,2 1
«
Wash’n (D. C.) G. L.
300,00C J. A J. 6
6 J’ ae 30,’02-27
Reg., 6, Series A, j Yar’ s
Var’ s
300.000 J. A J. 6
6 Def\31.’ 04-29
* This column shows last dividend on stocks, and maturityjoa bondt
1 Paid out of Reorganizatiou'Fund.