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RAIIM AND INDUSTRIAL
SECTION.
PAGES
1735
TO
1918 INCLUSIVE,
GENERAL INDEX.
Page,
EDITORIAL ARTICLESGIANT LOCOMOTIVES AT THE WORLD'S FAIR
BLOCK SIGNALS ON AMERICAN RAILROADS, HOW EXISTING RAILROAD SYSTEMS SHOULD GRO
IN USEFULNESS,
STEAM RAILROADS
INDUSTRIAL AND MISCELLANEOUS COMPANIES -
-
-
....
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST CO'S
N. Y.
AND BROOKLYN
-
1744
-
18*6
1745
1913
-
1913
1913
-
FIRE INSURANCE CO'S
....
We
1742
-
GAS COMPANIES, (See also " Miscellaneous.")
RAILROAD EARNINGS MONTHLY
B^~
W
1741
have no extra copies of
-
1913
1914
this section.
October* 29, 1904.
WILLIAM
B.
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEAEL STREET,
Ent«re4 aeeerding u> Aot of Congress in the /ear 1904, by William B.
NEW
YORK.
Dana Company, in Office of Librarian of Congress, Washington, D. C.
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1737
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HAND-BOOK OF
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(Issued Seml-Annually In January and July
JULY,
by the Publishers of the Commercial and Financial chronicle;)
1904,
EDITION.
CONTENTS
RAILROADS AND LEADING INDUSTRIAL COMPANIES—Statement showing
Bonds and also the Income
for a series of years past, as well as the annual charges against ineome.
HIGHEST AND LOWEST PRICES— Monthly for 1903 and to July 1, 1904.
YEARLY RANGE OF ACTIVE STOCKS for 1898, 1899, 1900, 1901, 1902 and
DIVIDENDS ON
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1903.
AILROAD STOCKS AND LEADING INDUSTRIAL STOCKS
years 1898 to 1903, inclusive, and to July
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1740
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RAILWAY AND INDUSTRIAL
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OF THE
(C
ommercial &
Entered according to Aot of Congress In the year 1904, by William B.
NEW
Vol. 79.
(] hronicle.
F inancial
Dana Company, in the office of Librarian
YORK, OCTOBER
Railway and Industrial Section.
of Congress, Washington, D. G.
29, 1904.
shall be started, to
move on
No. 2053.
a level a weight of 120,000
75,000 tons of merchandise, not counting
the weight of the cars themselves; and as soon as the
Fair is over these engines will be put in service on vatons; or, say,
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three times
number of engines would have been
same amount of work, and ten years ago
this
required for the
probably twice as many.
we measure
If
they can draw, the comparison
for the strength
is
FAIR.
The
last
&
Alton says
that the aggregate tractive power of the locomotives of
the
company has been increased within the
last five years
from 2,874,520 pounds to 5,460,445 pounds, or 90 per
cent, while the number of engines has been increased
only about 10 per cent.
most significant
This
is
a brief
fact in the railroad
way
of stating a
economy of the
day.
that
trains
more astonishing?
and capacity of freight cars has
so greatly increased that a train, say, 1,000
also
been
long will
ft.
carry 1,200 to 1,500 tons of merchandise, where in 1884
These enormous engines of
it carried only 600 tons.
1904 would have been useless twenty years ago in ordinary freight service, for trains could not have been made
long enough to load them
enough
to
their
full
capacity.
The
not have been strong
and if they
the ordinary railroad would have
hold such long trains
to
could the curves in
annual report of the Chicago
still
power of
the
the locomotives by the length of the freight
couplings and draw gear would
GIANT LOCOMOTIVES AT THE WORLD'S
Fifteen years ago
rious railroads performing this work.
together,
trainmen in their management of the train.
the cars of the earlier date mentioned, engines which
baffled the
Of
are now common
move a train (fully
(not
very largest made) would
the
loaded) reaching from the Capitol (a*
White House,
or a mile
Washington)
to the
The reader
familiar with the fact that
is
is
carrying freight at a small
profit,
and a half
many
and
is
a railroad
prospering,
economy of the big engine, would
have been forced to give up business entirely
Indeed, the most salient fact in the physical realm of the
which, but for the
railroad world within the past ten years has been the
long since
enormous increases that have been made in the size and
capacity of freight cars and in the size and power of the
locomotives which move them.
This enlarging process
or to serve the
From
public
we gain
that
in
a
very indifferent manner.
a fair conception of
how
this
has
been brought about, and we shall perhaps more intellihas, indeed, been going on with increasing momentum gently admire the ingenuity, skill and perseverance with
for 30 years and more, but the progress of the last decade which the mechanical engineers of our railroads and our
has been faster than that of any former period, and the locomotive shops have worked out this problem. The
results are little short of astounding, even to the men who great increase in the power and size of locomotives has
keep in touch with the mechanical and engineering de- been made in the face of numerous and varied obstacles.
partments of the railroads.
At
Exposition in St. Louis this fact
the Louisiana Purchase
is
illustrated in another
way; there the great locomotive makers of the country
In a stationary engine
ensure efficient performance.
have put on exhibition between 30 and 40 specimens of ing steam
the giant iron horses which they now turn out to do the a muffler.
and to the business man who is
interested in our commercial progress, or to the patriot who
has no further interest than to glorify American mechanical and business enterprise, this exhibit is an impressive
carrying of this nation;
spectacle.
Standing on wheels in the great 14-acre Transportation Building there is enough "power," once its fires
all
parts are accessible to the
attendants and any detail can be
annoying,
is
it
made
large or small to
If the sound of the escap-
can be eliminated by the use of
smoke from the stack becomes a nuisance, it can be done away with by the use of automatic
stokers
or if economy in the use of fuel is important
small and overworked boilers can be displaced by others
of more liberal proportions.
But in the case of the locomotive the width is limited by buildings and tunnels and
the height by overhead bridges, and only a certain num
If the
;
ber of tons per wheel can be carried saiely over certain
RAILWAY AND INDUSTRIAL SECTION.
1742
The fact also that the locomotive and
be moved over the track at a velocity equal
bridges.
tained by
wheel,
the
must through which heat is imparted from the fire to the
that at. water.
So recently as 1898 the most powerful engine in
boiler
to
periphery of the stationary engine's
fly
existence had only 3,322 square feet of heating surface.
With
a factor which modifies the design.
is
[Vol. lxxix.
Scarcely
less
than this phenomenal
interesting
such limiting conditions the locomotive designer has for crease in freight-carrying
facilities is the
in-
progress which
same has been made in passenger engines. A third of the
time freight trains which formerly ran at, say, 15 miles an engines
shown 'at St. Louis is
designed
for
hour are now required to be hauled at 30 or 40 miles an passenger trains. High speed in passenger service
hour.
is
not a new thing, and at the Chicago
World's
This increase in the speed of freight trains has been Fair in 1893 there was a fine exhibit of fast lo-
many
one
years been constantly hampered, while at the
most important developments in railroad
traffic, and has been carried so far that the New York
Central and the Pennylvania, for example, will be found
running 20, 30, or 40 fast freight trains eastward in a
comotives; moreover,
more or less u fast " have been
common in westbound freight traffic for many years,
because most roads have a surplus of engine power
moving in that direction, but high-speed eastbound has
been developed by the demands of the public. These
eastbound trains carry live stock and such perishable
freight as dressed beef and fruit, and make 25 miles an
hour or more. On the prairies of the West, where
competition is sharper, trains are made shorter and the
speed higher, forty and fifty miles an hour for consider,
able distances being common. Two of the freight engines
shown at the Fair have driving wheels 5 feet in diameter,
They do not
of the
single
Trains
day.
been a great improvement in the service by reason of
the increased power of the engines of the present day.
In
the least interesting development in freight engines
the
increased economy
on steep grades.
railroad in a hilly or mountainous country
it
can be made
level,
is
The
distance of 133-4 miles, in 114 minutes, or at the rate of
70-2 miles an hour.
This
is
a rate which a few years
much
ago could be made only with a
Lake Shore engine which made
20 inches
in diameter
feet,
lighter train.
this record
The
has cylinders
by 28-inch stroke; driving wheels,
feet 8 inches in diameter;
heating surface, 2,802 square
and steam pressure, 200 pounds to the square
Most of the passenger engines shown at St. Louis
even more powerful than
this.
That of the "Big-
distance
as
all
con-
and kept turnis on
the driving wheels.
This engine carries 200 pounds
steam pressure to the square inch and has 3,340 square
is
possible,
For
feet
of heating surface.
centre of the Transportation
Building,
day, weighs 93 tons, of which
50 tons
the standard engines on the level portion of
if
BLOCK SIGNALS ON AMERICAN
the line haul 50 cars, the helping engines on the grades
powerful enough so
should be
longer and heavier trains.
ing
ideal
level as far
and the up-grade work
centrated within as short a
example,
much
keep up their
Four," mounted high in the air on a turn-table in the
demand.
Not
as
but they
faster,
1903 the Twentieth Century Limited, a train of
four long cars, weighing about 500,000 pounds, was run
over the Lake Shore & Michigan Southern Railway, a
are
is
any
May
that engines designed especially for fast freight service
in
travel
high speed while taking
inch.
now
speed records of that
best
period have scarcely been improved on since; but there has
a size no longer used for heavy freight trains, indicating
are
the
RAILROADS.
that the two, the helper
and the standard, can together take the same train up the
The agitation of the question of preventing collisions,
grade and avoid breaking trains and reassembling the cars which has resulted from the recent remarkable succession
into new trains.
But the wages of the men on the help- of disastrous railroad accidents and the disturbance of
ing engines make a large item of cost, and so the engine the public mind thereby, suggests consideration of what
designers are making specially large engines to alone take has already been accomplished in that direction; of the
a whole train up a grade; and two of the engines at the measures which have been taken by some of the principal
Fair, designed for this work, are veritable monsters. The railroads.
That only about one-seventh of the railroad
conditions for short distances on mountain lines may be mileage of the country has the apparatus and facilities for
so adjusted as to make practicable the use of engines block signaling is regrettable enough; but on that part of
which, because of their size or weight, could not be profit- the mileage which is equipped which includes a good
ably used throughout the length of a 150-mile division. many of the more important passenger lines
one may
The larger of the two at the Fair was built by the Amer- find quite elaborate plants; and most of the larger roads
ican Locomotive Company at Schenectady for the Balti- have made heavy investments in safeguards of this charmore & Ohio, and has 12 driving wheels and 5,580 acter. It is not to be denied that when one reads the
square feet of heating surface.
This engine is so long statistics of fatal and non fatal accidents to passengers,
that the running gear is divided into two separate en- with the quarterly totals increasing as they have within
—
gines of six wheels each, with
steam pipes
enormous
is
The
size furnishing the
steam
ever built and
other engine
though
the last year, a feeling of uneasiness about
one's
safety
one of the engines, a single boiler of while riding and of bewilderment at the apparent neglect
for
the heaviest
articulated joints in the
—
is
more
for both.
This engine
weighs 334.500 pounds.
like the ordinary freight engine,
has 14 wheels, ten of which are drivers.
of railroad officers very naturally arises; but
it is
to be
borne in mind, nevertheless, that our lines of heaviest
travel are
now equipped
with signals of efficient charac-
greatly reducing the dangers of travel, and that the
Both
of these engines are four-cylinder compound, the steam
ter,
being used
creasingly important feature of railroad administration.
at
first in
low pressure.
which
this
it
is
one
high pressure cylinders and afterward
In the
matter
of
heating surface,
perhaps the simplest index of an engine's power,
is 1
5 per cent smaller than the
being 4,790 square
feet.
ment of the surface
This
is
first
management
of the signal department
is
becoming an
The manufacturing companies which make
railroad sig-
nals are active and enterprising, and, although the rail-
named, the area road companies of England, Scotland and Ireland
the aggregate measure-
of the boiler, fire-box
and tubes
in-
estab-
lished the block system throughout their lines 10 years
ago (their heavy
traffic
having compelled them
to
begin
RAILWAY AND INDUSTRIAL SECTION.
Oct., 1904. J
1743
introduction more than 30 years ago), the situation at
These signals are different from the automatic signals on
railroads are the Pennsylvania in that they are worked by electricthe present time is
enterprising than their British cousins, introducing motors, or electro-magnets, instead of by compressed
more
improvements more promptly and effecting economies in air. The block signaling on the Lackawanna is of a
its
that many American
a more business-like way.
The
New York
later date,
Central
equipped
is
block" manual
signals of English
main
New York
from
line
with "lock-and-
design throughout
to Buffalo;
its
automatic signals
and the
lines of the
equipped, but there
is
company
a large mileage of the most mod-
ern safeguards of this character.
Jersey and
its
are not so fully
The Central
of
New
connections through to Philadelphia and
on a good many miles of other divisions and simple
manual block signals, worked by the telegraph operators?
on
still
other lines.
Between
New
Washington also have automatic signals for nearly the
whole distance and manual for the remainder. Other
York and Albany railroads too numerous to mention have equipment simi-
The raillar to the foregoing, but for shorter distances.
America which has roads entering Chicago have been correspondingly entersignal arrangements (manual) modeled after the well- prising, and those carrying the heaviest traffic have sigknown high standards prescribed by the British Board oi nal plants which are fully up to the best American stanTrade.
This equipment, with its elaborate electrical dards.
The Chicago & North Western has over 250
the equipment of this road
being one
.of
adjuncts, has
On
is
very complete, this division
the very few lines in
now been
in service about a dozen years.
the Pennsylvania Kailroad and
miles of
its
double-track lines
equipped with automatic
and everybody is familiar with the elaborate
the block system has lately been put into effect on a num- disk-signal equipment of the four-track, six-track and
ber of sections not before signaled, thus completing the eight-track lines of the Illinois Central from Chicago
equipment of the lines from Jersey City through to Chi- southward, which carried such a heavy traffic at the time
cago and St. Louis. On some parts of these lines the of the World's Fair in 1893. This company has lately
signaling is manual, but for a good share of the distance put in use a new electric-locking system for manual sigthe line is protected by the most approved automatic nals on several hundred miles of its single-track lines in
This company has
signals.
electro-pneumatic system
its
made
its
controlled lines
the Westinghouse
standard
for
automatic
New
block signaling, and the whole of the main line from
York
to Philadelphia, as well as
many
miles on the
between Philadelphia and Pittsburg, have
well-known apparatus in its most complete form.
visions
di-
signals,
Southern
Illinois
and
in
Kentucky.
The foregoing are merely some of the more prominent
examples. Over 75 American roads now have the block
system in effect on some part or parts of their lines, and
this
the signals will be found in all sections
As
except in some sections of the South.
country
of the
automatic block signals cost ordinarily $2,000 a mile for Pacific has extensive installations on
The Southern
in Calif-
its lines
moderate volume of ornia. Block signals are found on many single-track
traffic, it is fair to assume that the investment in this lines, these being in most cases manually operated sigsafeguard on the four-track lines of the Pennsylvania nals. Manual signals make a much larger charge against
double-track railroads carrying a
will
average something like $5,000 per mile of road.
These two roads, the
New York
Central
operating expenses, of course, because
is
it
necessary to
and the maintain an attendant night and day at each block station; but on single-track lines this is generally deemed
Pennsylvania, thus afford examples of the two principal
methods of block signaling: the manual on the Central preferable to the installation of automatic signals, because
and the automatic on the Pennsylvania. In the manual with the latter the block signal sections must be so much
system an attendant at each signal station controls the en- shorter as to be more costly. The Chesapeake & Ohio
and the Chicago Milwaukee & St. Paul are among the
sage of a second train until the first one has gone out of companies which have many miles of single-track lines
the section to which his signal applies.
In the automatic signaled. The Cincinnati New Orleans & Texas Pacific
system the same result is accomplished by the movement of has practically the whole of its main line (single track)
the signals by the power of compressed air, controlled by equipped with automatic block signals, this company havelectro-magnets; which, in turn, are controlled by the ing taken the lead in this style of signaling.
movement of the train itself. The presence of a train, or
The most recent statistics show the length of railroad
trance of
all trains to his
block section, forbidding the pas-
even a single pair of wheels, on a given piece of track,
equipped with automatic block signals to be about 4,400
making an electrical connection between the right-hand
and the left-hand rails, shunts the electric current which
constantly passes through those rails, and thereby de-
miles, of
energizes an electro-magnet
at the signal
which,
when
the section was clear of trains, held the signal in the
all-
line.
which about 1,000 miles consists of single-track
The manual system is in use on about 23,000 miles
of line,
more than half of
this
signal regulations are in use
more of
being single track.
Block
on several thousand miles
single-track lines, but only for the protection of
and de-energizing passenger trains at the rear. On these lines freight trains
of the magnet allows the signal to change to the stop are allowed to follow one another without the protection
position (behind the train), thus stopping any following- of the signals, more complete protection being impracticaright position.
Shunting of the
circuit
ble without the establishment of additional block stations,
train.
The Erie road, like the New York Central,
tablished manual block signaling throughout
line
all
and
also on
many
of
its
early esits
elaborate
it
appears, the companies have
main unwarrantable,
other divisions, though not
of the Erie signals have the
which,
electrical
ac-
in consequence of the
deemed thus
far
added
On
cost.
system affords no protection against collisions between trains running towards
lines of this character the block
which are found on the Central. The main line each other. One of the most recent disasters, killing
Lehigh Valley is equipped throughout with auto- many passengers, occurred on a line of this character.
cessories
of the
matic signals, the company being the only one in the
world having automatic protection
continuous lines
(Jersey
for so great a length of
City to Buffalo, 440 miles).
Partial protection seems to be peculiarly unsuccessful.
The
America thus
sums of money for the
railroads
invested large
of
are
seen
to
have
protection of lives
RAILWAY AND INDUSTRIAL SECTION.
1744
—
and property probably ten millions for automatic signals
and electrical apparatus alone and a number of them
are extending their signaling.
The criticism aroused by
;
the
collisions
which have
been so frequent are
lately
made
based on the charge that extensions are not
enough.
As
much more
fast
the fatalities from collisions seem to increase
rapidly than traffic increases, these criticisms
Most of the promi-
are not without a basis of reason.
nent railroads have shown decided enterprise, but others
appear to follow behind in the march of progress. There
can be no question that the public
is
the most thorough protection against collision that
be devised on
Unfortunately, in making this demand,
regard
little
Farmers after they had
made crops in those sections must market them, and they
could only market them when they were enabled to put
their products in Liverpool at prices which enabled them
is
them.
population attracted to
to
What increase
compete with other sources of supply.
occurs in mileage in the future, therefore, should consist
largely
new branches and
of
extensions of
branches of a kind that can be operated at a
present
minimum
cost.
The
can
railway lines which carry passengers.
all
mand for cheaper rates over their long lines. This followed
in the train of the remoter new lands opened and new
demand of
disposed to
[Vol. lxxix.
subject of conducting cheap auxiliary service has
received somewhat more
attention in
England than
it
Even
has in the United States up to the present time.
accord scant courtesy so long as scores of deaths are
England the experimental stage of auxiliary and
branch line operation has not yet been passed, although
two methods which have been tried very recently promise
reported
to yield satisfactory results.
That a
paid to the feature of extra cost.
pay,
is
in
single
collisions.
It
is
does not
line
a plea in abeyance for which the public
quite
wont
is
to
reasonable,
though, that our progress in signaling, gratifying as
it is
from one point of view, ought to be accelerated for on
thoroughly signaled lines the collision records have been
;
in
One method
ploying railroad motor cars for either
all
service on outlying or branch rail lines.
cars are of differing construction
and
size
is
that of em-
or part of the
These motor
according to
very greatly reduced in proportion to the volume of the requirements of the service, but possess one
common
ness of
and achieve one main result, viz., cheapoperation as compared with the ordinary steam
train.
Some
characteristic
traffic.
HOW
EXISTING RAILROAD SYSTEMS
SHOULD GROW IN USEFULNESS.
of the cars
now being
exploited are plain
steam motor cars, others are petrol-electric, a type which,
most cursory comparison with older l t is claimed, can be operated even more cheaply than
countries to remind one that the United States contains steam motor-coaches.
Those built for the Midland Bailplenty of room for growth in population and products. way of England may perhaps be considered typical.
The population per square mile in the United States is These cars are described as being 60 feet in length over
only 26, compared with about 200 in France, 275 all, divided into four compartments, viz., engine room,
in Germany and 345 per square mile in Great Britain. 13 feet; a 35-foot compartment capable of accommodating
In the Netherlands the ratio runs up to about 400 per 55 passengers, a 6^-foot compartment for luggage, and a
square mile and in Belgium to 530.
vestibule.
speed of 56 miles an hour can be attained,
It only needs a
A
A
conservative
estimate
population
of the
of
the
and they also have the added attraction of quick starting
and stopping.
The other method is by operating motor omnibuses
as feeders to the railroad service.
An experiment of
increasingly larger proportion of the people is being this sort has been conducted by the Great Western
supported by manufacturing industries and by what is Bailway Company of England.
These omnibus autoUnited States at the end of the current century is 250,000,000, a density even then of only about 80 persons
per square mile.
Moreover, owing to the fact that an
called intensive cultivation of the
soil,
the square mile
possibility is constantly growing.
As
mobiles
run in outlying
districts,
London "Times," have proven
population increases, the natural flow into unde-
fectly
to
and, according to the
be successful as "per-
adequate substitutes" in sparsely settled
districts
veloped and sparsely settled territory will take place,
for fixed lines of costly railways.
An
and
of such conveyances
comparatively small
capital likewise will follow, seeking
employment.
To
new
fields for
aid in this growth and to secure for
themselves a proper share of resultant benefit the
rail-
expenditure.
to
involves a
efficient service
The Great Western Bailway Co.
be "so satisfied with the results of
its
is
said
experiments as
ways must face the problem of devising cheap systems of to have given an order for a considerable number of
operating branch lines and extensions.
other motor omnibuses to be run between various points
With the aim of economizing expenses of operation on its system, where there is need for increased facilities
the number of railroads in.the country has been reduced by for business, but where the construction of lines of railcombination
to
a comparatively
few
large
These constitute what may be called the main
transportation, so
great trunk
lines
that
will
it
is
safe
to
systems.
arteries of
assume that few
be added in the future.
way would not be
likely to
prove remunerative."
Several of the English railway
The methods.
What
practical results are evolved will be
when they enter upon
new sparsely settled
of interest
extensive improvement of existing lines for the purpose of
the era of taking within their sphere
economy in
operation.
The roads had
to
meet a
de-
re-
ported to be adopting either the one or the other of these
feature in recent years of railroad development has been
further
companies are
districts.
and use
to
our railroads
r
c
.
)
:
RAILROAD
:
COMPANIES.
(For Miscellaneous Companies see pages 1886 to 1912 inclusive.)
EXPLANATORY.—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 reference is therefore made to the volume and page of the Chronicle (as, V. 74, p 000)
where fuller information may be found. Following each statement also is given a referenoe to the latest news item in the Chronicle respecting
the oompany. As every such item contains a referenoe to the last preoeding item, the reader can run back over the company's history
at pleasure. Annual reports are in blaok-faoed figures, and italics indloate a paragraph headed by the name of some other o >mpanv
index.— Any oompany not in regular alphabetical order may be found by means of Index to roads leased and consolidated in this 8dpplement.
Dividend*.— The dividends tabulated in the text are those aotually paid during the calendar years named, irrespective of when earned,
yet earnings are given after deducting operating expenses and usually taxes, but not interest, rentals or other fixed oharges.
Securities.— These are desoribed in table at head of page [exoept the stook, for lack of spaoe, sometimes only In text below] as follows
Miles of Road.— Opposite bonds, this means the miles of road owned covered by the mortgage.
Size or Par Value.— Shows (in dollars unless otherwise marked), the denominations or par value, " 100, &c," signifying $100 and larger.
Rate Per Oenl.— The interest and dividend rate, per annum is here shown g., gold; our., currenoy x, extra s. stook or scrip.
When Payable.—J. A J. stands for January and July; F. & A., February and August; M. & 8., Maroh and September; A. & O., April and October.
M. &N., May and Nov.; J. & D., June and Deo.; Q.—J., quarterly from Jan.; Q.— F., quarterly from Feb.; Q.- M., quarterly from Maroh.
Bonds, principal when due, etc.— This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations in table: M. for "mortgage;" gen. M. for "general mortgage;" con. M. or oonsol. M. for "consolidated mortgage;" ino. M.
or "income mortgage;" g. for "gold;" o. or our. for "currenoy;" guar. p. & i. for "guaranteed principal and interest;" oum. for
"cumulative;" non-cum. for "non-cumulative; " conv. for "convertible into stock at holder's option;" pref. for "preferred;" s. f. for "sinking
fund;" 1. gr. for "land grant;" r. fully "registered (no coupons);" c. "coupon;" c* "coupon but may be registered as to prlnoipal; " br. "branohr
end. "endorsed;" "red." redeemable; d'rn" or "dra-An" subleot to call when drawn by lot; "p. m." "per mile;" as'd "assumed." "x '
Payable without deduction for any tax.
Mortgage Trustees and Stock Transfer Agents (T8 Treasurer's Ottloe) are indicated thus
New York City—
N. Y. CITY— (Concluded—
Pittsburg—
Baltimore—
Louisville—
:
;
;
;
B—
*— Standard Trust.
of America.
Un— Union Trust.
Us— United States Trust.
Cam-U. s. Mort. & Trust Co.
Boston—
A B— American Loan & Trust.
1$ H— Boston Safe Dep. & Tr.
IB— International Trust.
NB— New England Trust.
O B— Old Colony Trust.
Bowling Green Trust.
Ta— Trust Co.
Ce— Central
Trust.
Ct— City Trust.
Col— Colontal Trust.
Eq— Equitable Trust.
K—
Farmers' Loan
& Trust.
R— Guaranty Trust.
K— Knickerbocker Trust.
Ma— Manhattan Trust.
Hie— Mercantile Trust.
Mo— Morton Trust.
Mp— Metropolitan Trust.
N— N. Y. Security & Trust.
N»— North
SB—
American Trust.
State Trust.
B UaCoBa—
Rait. Tr. & Guaranty.
CL— Columbia Finance & Tr.
Continental Tiust.
FBa— Fidelity & Deposit. FL-Fidelity Tr. & Safety Vlt.
LL- Louisville Trust.
iHlln- Maryland Trust.
>Ie Ba— Mercantile Tr. & Dep.
Philadelphia—
S Ba— Safe Dep. & Trust Co.
CHICAGOFP— Fidelity Trust.
AC— Amer. Trust&Sav. Bank. <}P— Girard Trust.
EC— Equitable Trust.
(in P— Guaranty Tr. & S.Dep.
IC—
MC—
PIP -Provident L. & Tr
PeP— Penn. Co. for Insur. on
Lives & Gr. Ann.
Trust & Sav. Bk.
Merchants' Loan & Tr.
Illinois
NC— Northern Trust.
KC— Royal Trust.
UC— Union Trust.
WP— West Knd Tr.& S. Dep.
C PI— Colonial Trust Co.
V Pi— Fidelity Title & Trust.
P PI— Pittsburg Trust.
C Pi— Union Trust.
St. Louis—
M St— Mississippi Valley Tr
SSt—
St.
Louis Union Trust.
San Franoiscocs- -California Safe Deposit
& Trust.
Subscribers will confer a favor by giving immediate notice of any error discovered In these Tables. ^J
Bonds— PrlnciRAILROADS.
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, Ac, see notes of
of
Par
above.
Whom.
Dividend.
Road. Bonds Value. Outstanding
Payable
Oent.
Akr. ABarbertonBell— lstM.,s.f.,text,g.Usm.o*&r
Alabama Great 8outh'n—"B" shares (English Co.)
Pref. "A" shares, (English Co.) 6%, £800,000....
IstM. (American Co.) gold, $1,750,000
F.c
General mortgage, £1, 160,000
.Ce.c
Debentures, gold (English Co.)
c
Alabama Midland— See Atlantic Coast Line RR
A Jo. N. O. Tex. & Pac. June—Deferred "B" shares. .
Preferred "A" shares, 6 p. o. cumulative
!!£.' £eben., red. aft. Nov.1,'10, at 115— See text.
"B" debentures, income, red. after 1910 at 115.0
"C" deb., income, subject to oall any time at 100.
Alabama <6 Vicksburg—Stock $1,050,000
Vicksb'g & Mer. 1st M. gold, $1,000,000. F .xo*
Ala. & Vicks. oonsol.lst M., ($1,800,000) g..Ce.c
2d M., originally $700,000. g
„.Ce.o
Alaska Ventral -1st M., g., red. at 105 aft. 1908.0*
Albany ^Northern -1st M., g., ($50,000 are pref.)c
Albany <6 Susq.—Block, divi'dsguar. by D.<fe H.(end).
Consol. M. ) (guar. p.& i. end.) ourrenoy 7s. F.o*<fcr
now IstM. $
do
6s, interest only in gold....
Albany <t Vermont—Stook, 3p.o. guar, by rental).Allegheny <6 Western—Stock ($3,500,000)
1st M. $2,500,000, gold, gnar., p. & 1. end.G.c*..
Allegheny Valley— 1st M., guar. Penn. RR.
c
Mort. to State Pa., $100,000 due Jan. 1, yearly..
Gen. M. ($20,000,000) g., guar. p.&i. FPi.x.o*<fer
Allentown RR. (leased to Phila. & Reading Ry.)
1902
...
...
1878
1888
1886
290
$1,000
£10
£10
$1,000
£100
£100
£10 £2,500,000
£10 £1,500,000
1890 £50 &o.
£748,850
1890 £20 &o. £1,048,390
1890 £20 <tec
£810,652
143
143
143
143
"*S5
142
142
12
61
61
259
259
260
100
1881
1,000
1889 100 &o.
1889 100 &C
1903
1,000
1896
1,000
100
1876
1,000
1876
1,000
100
100
1898
1,000
1869
$& £
1869 100,000
1892
1,000
....
50
Adirondack Ry.— In 1902 merged with the Delaware & Hudson.
Akron dc Barberton Belt RR.— Owns a belt line around Bar-
berton, O., 22-43 miles in length, with 11 miles under construction In Jan., 1904. A consolidation in May, 1902; V. 74, p. 1088.
fto**, $100,000, o^ed equally by the Cieve. Ak.on&Col., Bait.
Ohio, Erie RR. and the Vanderbilt interests. Bonds authorized, $1,500,000; $o00,000 reserved for future requirements. They may be
drawn at 105 by lot yearly Deo. 1. beginning 1903. by a sinking fund
of $11,550 per annum. V. 75, p. 440.— (V. 76, p. 434; V. 78, p. 2598.)
&
Alabama Great Southern RR.— (See Map Southern Railway.)—
Owns Wauhatohie, Tenn., to Meridian, Miss., 291 miles; branch lines
owned, 6 miles
leases Wauhatohie to Chattanooga, 5 miles, and Belt
Ry. of Chattanooga, 45 miles trackage to Blookton, Ala., 8 miles, and
total operated, 374 miles.
Organization— Controlled by Southern Ry., but operated independently. V. 60, p. 26; V. 61, p. 375.
Ala. Great So. Ry., Limited,
owns all of the stock and debentures of Ala. Great So. RR., and has
issued in place thereof its own stock and debentures respectively
for a like amount. The two companies own jointly $833,300 stock
of Southwestern Construction Co. reoeived In exchange for $833,800 Cin. N. O. & Tex. Pac. stock. See V. 65, p. 1173.
Stock, Etc.— Of capital stock of English Co. the Southern Railway
£«.,°£ July 1 1902 owned $1,725,000 "A" shares and $4,540,050
/hares. V. 61, p. 26. For right to dividends see March, '94. Supp.
VJ?
landed arrears of dividend (English Co.), bearing 4 p. o. interest,
$258,832; car trust notes, June 30, 1904, payable monthly, $110,880.
Dividend— V93 to '95. '96. '97. '98. '99. '00. '01. '02. '03. 1904.
"A" shares. %\
10 June, 4
;
;
Woodlawn, 19 miles
>
;
>
6966899
0000000
"B" shares. %)
o
Bonds.— General M. 6s, £484,000, will retire 1st 6s and debentures.
Latest Earnings- 2 mos. > 1904.
Gross, $511,259; net, $83,000
July 1 to Aug. 31.
$1903
502,371; net, 121,152
In 1903-04,
gross, $3,099,445; net, $624,925; other income, $11,603; interest,
on bonds, $286,542; income tax, etc., $29,373; balance for stock,
1320,613; dividends on stook of American Co. (6 per cent), $185,437
-(V. 77, p. 2094; V. 79, p. 901.)
Annual Report.— Report
Gross,
tor 1902-03, in V. 77, p. i!094.
Alabama New Orleans Texas & Pacific Junction Railways Co. (Limited.)—This is an English company controlling Ala
bama & Vicksburg, 143 miles Vicksburg Shreveport & Pacific, 189
miles New Orleans & North Eastern, 196 miles.
Securities Owned.— Ala. & Vicksb. $30,000 1st mort., $387,700 2d
M., $141,100 consol. 1st M. and $581,500 stock; V. 8. & P., $1,386,000 gen. M., $2,080, 100 pf. and $2,773,500 com. stock; N. O. & N. E.,
;
;
M
$4,900,000 gen.
incomes and $5,320,000 stock; S. W.
, #1,500,000
Construction Co.. «448, 700 stook; Railroad Lands Co., $108,850 out
of $120,000; stook. Dividends on stocks owned in 1903, V. 77, p. 2279.
Coup. PAn>— For
"A" Deben..P. c.
"B" do ..P.c.
"O"
do ..P.c
'93.
'94.
'95.
5
5
-875
5
5
1
2^
'96. '98.
5
2\
'99.
5
4i«
1«8
4g.
$989,000
£1,566,000
£676,070 10 in '03
$1,750,000
6g.
£526,000
§«•
£134,000
6g.
'00.
'01.
'02.
5
5
5
5 Below B'w
2i>8
5
..
J.
M.
-
-
'
-
N.Y.,U.S.Mort.&Tr. Co. June
&N
Lon. ,Glyn,Miils,C. &Co Nov.1,1910-40
do
do
Nov.1,1910-40
See text.
Nov. 1, 1940
N. Y., Central Trust Co. Aug. 20, '04,7
do
do
Apr. 1, 1921
do
do
Apr. 1, 1921
do
do
Apr. 1, 1921
Chicago and New York. Apr. 6, 1933
1,
1942
Dec, 1891
Jne.22,'04,5%
J.
J. & J N. Y. .Farm.L. &Tr. & Bos Jan. 1, 1908
Dec. 1, 1927
J. & D. London.Glyn.Mills&Co
do
Aug. 15, 1906
do
F&A15
5g. M.
5 g.
$1,050,000 7 in 1904
1,000,000
f g
588,800
5 g.
601,300
5 g.
875,000
S
l 5
400,000
3,500,000
I
7 cur.
3,000,000
7,000,000
g
600,000
i
3,000.000
6g.
2,000,000
4 g.
9,998,000 6 g. or 7
500,000
5
6,471,000
1.268,884 incl. $i,
&D
& D.
<fe
N.
A. & O.
Yearly.
A.
A.
A.
A.
J.
J.
A.
A.
M.
J.
&
&
&
&
«te
&
&
&
&
&
&
&
&
6.
O.
O.
O.
London.
do
& Co.
J. Bait, Hambleton
Hudson
J. N.Y.,Del.
&
O.
O.
N.
J.
do
do
Co
do
do
Troy, N. Y.
N. Y., A. Iselin
& Co.
Jan.
1,
1946
July 1904,41*
Apr. 1, 1906
Apr. 1, 1906
Mav
15,'04,lia
July
1, *04,
S
do
do
Oct. 1, 1998
O.
A.
O. Phil., Pa. RR. Co. & Lon. Apr. 1, 1910
Treas., Philadelphia. Jan. 1 ,'05, etc.
J.
J.
Phila., Pa., RR. Co.
Mch. 1. 1948
M.
S.
071,400 under Reading Co. mort. of 1896.
A.
<fe
The Nov., 1901, coupon on B debentures was paid Jan., 1902, and the
May, 1902, on July 1, 1902; later coupons to Nov., 1903, were paid
when due. A payment of 2&8 p. o. on "O" debentures was made In
Feb., 1902, and 5 p. o. each in 1903 and 1904. V. 78, p. 227.
Earntngs.— See separate statement for each of the controlled companies. In year ending Deo. 31, 1903, net from investments was
£160,182; paid general expenses (£3,312), income tax (£9,401), interest on " A" debentures (£35,453), on "B" debentures 5 p. o. paid in
Jan., 1903 (£49,635), on"0" debentures, 5 p.c (£38,506) balanoe,
including £7,715 from 1902, £31,589.— (V. 78, p. 227, 701
Alabama A- Vicksburg Ry.— Owns Vicksburg to Meridian, Miss,
and branch, 143 miles, all steel rails. Controlled by Alabama New
Orleans Texas & Paoiflo Junction Co., which see. Reorganization of
the Vicksburg & Meridian foreclosed Feb. 4, 1889 (see V. 48, p. 190).
Dividends.— '90 to '92, 3 p. o. yrly.; '96, 3; *»7 to '99, 5; 1900 to 1902,
6 y'rly; 1903, 9 p. c; 1904, 7 p. o. Stook div. of 50 p. o. in 1900; see
V. 70, p. 632.
Bonds.—The new seconds were inoome
till April 1,1894, aDd are a
on the lands— 31,583 acres. Of the $1,800,000 oonsols authorized, $1,000,000 are with trustee to retire V. & M. firsts.
Earnings.— Fiscal year ends June 30. For 3 mos. ending 8ept. 30,
1904, gross, $312,783, against $271,254 in 1903. Report for 19021903 in V. 77, p. 2094.
Tears—
Gross.
Interest, etc.
Bal., sur. Dividend.
Net.
1903-04 $1,287,092
'$215,528
$292,677
$77,149 (7) $73,500
1902-03. 1,150,547
140,260
161,313 (9)94,500
301,573
'Includes $97,850 for new freight cars.— (V. 73, p. 1 1 57: V. 75, p.
1027; V. 77, p. 1224, 2094.)
Alaska Central Ry.— Projected from Seward, on the south ooast
of Alaska, north to Atwoori, on the Tanana River, 413 miles. In Sept.,
1904, 22 m. were completed, about 150 miles in all to be ODened in
1905. V. 79, p. 901. Stock, $2,500,000 5 p. 0. non-cum. preferred, of-
first lien
ered for subscription in Oct., 1902, common, authorized, $27,500,000;
par of shares, $50. Bonds are limited to $35,000 per mile of main line
and branches. The Central Trust Co. of Illinois (Chicago) is mortgage trustee. In April, 1903, $3,500,000 were offered, accompanied
by a bonus in common stock. See V. 76, p. 703, 1354. Pres. and Gen.
Mgr., G. W. Dickinson; Viee-Pres., John H. McGraw; Sec, John E.
Ballaine; Treas., J. W. Godwin. Office, 215-216 Denny Bldg.,
Wash.-(V. 76, p. 1354; V. 79, p. 901, 967.)
Seattle,
Albany & Northern Ry.—See Supp. for Apr., 1903.
Albany & Susquehanna RR.— (See Map Delaware <£ Hudson.}-
Road.—Owns Albany, to Binghamton, N.V.. 142 miles. Operates,
Cobleskill, N. Y., to Cherry Valley, 21 miles; stock all owned by
H.; total operated, 163 miles.
D.
Leased for 150 years from Feb., 1870, to Delaware & Hudson Company; rental is 9% per annum on stook. (See guaranty, V. 56, p. 774.)
&
Annual Report.—Earnings for years ending June 30
Bal., profit.
'03
Rentals.
Net overtaxes.
$4,608,822 $2,006,965 $1,053,173
1,033,152
4,643,964
2,163,146
337; V. 74, p. 1088; V. 75, p. 342, 1147.)
Gross.
5
5
1902-03
1901-02
5
- (V.
73. p.
6 <6 R,
$953,792
to
1,140,218
RAILWAY STOCKS AND BONDS.
1746
RAILROADS.
Miles
Date
Size, or
Amount
For explanation of column headings, &c, see notes of
of
Par
on first page of tables.
Road. Bonds Value. Outstanding
Allentown Term'l—lBt M., guar.p.&l.(end.)g.Ce.xc*
Ann Arbor—1st mort., $7,000,000, gold.Mp
x...c*
Arizona A Vlah— 1st M. $600,000, gold N
C
Arkansqt Southern— 1st M., $1,350,000, g.MSt..
.
,
Ark.
r.&W.— lstM.($4,500.000),g.,red.
Ashland Goat
<£
3
292
25
100
text.SSt o*
Iron— Stock
1st refunding mortgage, $400,000 gold. N
22
Ateh. & East'n Bridge— 1st M.g.,s. f., red., text. Ce.
Atchison. Topeka
Santa Fe Ry.— Stock, com.. 8,289
Stock, preferred, $131,486,000, 5 p. c, non-oum..
Chic. & St. Louis 1st M. ($10,000 p. m.) our.F..c
i*42
Chic. Santa Pe & Cal., 1st mort., gold.BB..c*&r
440
General mortgage, gold, see text
Un.o*<fcr 8,048
Adj. Inc. M., cum. from July 1, 1900, g„ Ce.o'Ar.. 8,048
East. Oklah. Div., 1st M. $10,000,000, g.G..o*«fer 306
Deb. g. Ser. B to L,$2, 500,00 ea. call 105
o&r
&
,
1889 $1,000
1895
1,000
1899
1,000
18P9
1,000
1903
1,000
,
;
G
1900
1898
1,000
1,000
100
100
1885
1887
1895
1895
1903
1902
1898
1896
1,000
l.OOO&c
500 &c.
500 &o.
1,000*0
l.OOO&o
Hutch. & So,, lstM.,g.,red.l05aft. 1907. OB. o* 141
1,000
1,000
372
S. Fr.& San Jo. Val., 1st M.,g.,call aft.l915.Me.o
tlanla <6 Charlotte— Stock (see text)
100
269
A
Pref. M. (old 7s ext. in 1897), see V. 64, p. 286.0* 265ia 1877
1,000
1st M. [voting power, 10 votes for each bond] our.r 265% 1877
1,000
Income bonds (notcum.) extended in 1900
1880
500
A Han. Knoxv. <£ No. Ry.—See Louisville & Nashv ILLE.
Atlanta Terminal—1st M., $1,500,000, gold.S.o*&r
1903
1,000
*86
Atlanta <£ West Point— Stock
100
Debenture certificates
1881
1,000
Atlan.&Birmingh.— IstM., $12,000 per m.OB..c* 220 1904
1,000
Atlantic Oily— 1st M., $2,200,000, gold ..GnP.io*
1,000
83 1889
Atlantic City purch. money realest.mort.M.GP.
1900
1,000
"66 1898
Sea Coast prior lien mortgage, gold
Atl. City 1st con. M., $4,500,000, g., p.& l.gu.GP
1901
All.
1,000
a Originally Nov. 1. In July, 1904, interest on $26,1 12,000 had bee n
RB.—
Albany 6c Vermont
Owns 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.
Allegheny 6c Western By.— (See Map Buff. Roch. <& Pitts.)—
PunxButawney to Butler, Pa. (about 60 miles), opened Sept. 4, 1899.
An extension of Buffalo Rochester & Pittsburg, to which leased in
Serpetuity for guaranty of bonds and 6 p. o. on stock. Uses Pitts.
West, from Butler to New Castle and Pittsburg under a trackage arrangement, making in all 135 miles. See application to list in full, V.
70, p. 849.— (V. 71, p. 501; V. 74, p. 774.)
Allegheny Valley Railway.—Owns from Pittsburg to Oil City
miles.
Pa., 133 miles Red Bank, Pa., to Driftwood, 110
; others, 20
Organization.
Reorganization March 1, 1892, of the Allegheny
Valley Railroad, foreclosed per plan in V. 53, p. 324,368,520; V.
54, p. 409, 524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning $9,653,800 of the $10,544,200 common and
$11,876,654 of the $17,174,398 of 3 p. c. cumulative preferred stook;
authorized issues $12,000,000 and $18,000,000, respectively, in $50
Bhares. Wording of pref. certificate was in editorial of Supplement
of Oct. 30, 1897, p. 3. Leased to the Penna. RR. Aug. 1, 1900, for 20
years, rental being the net earnings. V. 70, p. 27; V. 72, p. 491.
Bonds.— General mortgage is guaranteed by Penn. RR. by endorsement on each bond. Peal estate mortgages, Jan. 1, 1903, $734,564.
Report for 1902, V. 76, p. 1245. In 1903, gross, $4,938,191; net, $1,361,547; int., taxes, etc., $1,193,653; extrao.dinary expenditures,
$128,203; bal., sur., $39,691. (V. 78, p. 1391.)
Allentown RR.—Topton to Kntstown, Pa.,4% m.; Reading system.
Allentown Terminal Railroad.— Owns 3% miles of railroad in
Allentown Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia <fe
Reading and Central of New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at Interest on bonds and 5 p. o. on $450,000 stock (par
50), bonds being guaranteed, principal and interest, by Philadelphia &
fLeading (foreclosed) and Lehigh Coal & Navigation. The Phlla. &
Reading Ry. Co. in 1896 assumed the Reading's share of the old lease.
Owns road from Toledo, O., northwesterly to
Arbor
Frankfort, on Lake Michigan, 292 miles; operates car ferries between
Frankfort, Micb., Kewaunee and Manitowoc, Wis., and Menominee
and Gladstone. Mich., and Manistique, Mich. The Pere Marquette
and Wabash use the Toledo terminals.
Organization.— Successor Nov. 1, 1895, to Tol. Ann Arbor & Nor.
Mich., foreclosed under Quintard-Lawrence plan in V. 59. p. 782. In
May, 1902. Gould interests purchased control. V. 74, p. 1088.
Stock.— Common, $3,250,000; preferred, $4,000,000; 5 p. o. nonoumulative; par $100. Pref. stock cert. Supp. Oct. 30,1897, p. 3,
&
;
;
Ann
m
&c—
RR.—
Bonds. Etc.— The
first mortgage (trustee, Metropolitan Trust Cocovers entire property, Including terminals and freight boats
June 30, 1903, current liabilities, bond int. and accrued taxes, $416,294; cash and current assets, $953,643.
Earnings.— 2 mos., >1904
Gross, $331,808; net, $103,540
July 1 to Aug31. $1903
Gross, 362,679; net,
99,277
Annual Report.— Report for 1902-03 was in V.79, p. 821, showing
Fear end. June 30—
1903.
1902.
1901.
1900.
Gross earnings
$2,037,214 $1,893,410 $1,754,148 $1,721,453
Operating expenses.. 1,443,761
1,373,056 "1,309,163
1.324.620
Net earnings
$520,354
$444,985
$593,453
$396,833
Deduot— Intertst
275,884
280,185
281,331
283,805
Taxes
52.31 2
51.43 9
49,733
46.00 3
Balance, surplus. $266,131
$le7,857
$113,921
$67,025
•Operating expenses in 1903 Include $119,790 expended for new
property and improvements, against *150,433 in 1901-02.
President, Joseph Ramsey Jr.; Sec, D. C. Tate; Treas., H. B. Hen•on, directors, Oct., 1902, V. 75, p. 610- (V. 77, p. 400, 821.)
Annapolis Washington 6c Baltimore
V. 75, p. 1301.
Arizona A- Utah Ry.—Owns McConnico to 3*g miles beyond
Chloride, Ariz., 25 miles; trackage, Kingman to MoConnlco, 4 miles.
Stock, $600,000; outstanding June 30, 1903, $467,000; par,
$100. Remaining, $266,000 bonds Issuable only on completion or 25
miles additional road. For year ending June 30, 1903, gross. $55,983;
net, $10,743; charges, $20,040; balance, def., $9,297. President, F. L.
Underwood; Sec. and Treas., R. H. Eggleston. 31 Nassau St.. N. Y.
Arkansas Midland RR.— See page 1911.
if.
Y.,)
:
.
RR.—
Arkansas Missouri * Kansas RR.— V. 79. p. 102.
A rkansas Southern RB.— Owns Eldorado, Ark., south to WlnnExtension from Wlnnfleld to Alexandria, 45 m.,
10 miles will be completed in 1904. V.76, p. 704.
Stock authorized, $3,160,000; outstanding. $1,262,000; par of shares,
$100.
Bonds are limited to $12,500 per mile of main track. Year ending
June 30, 1903, gross. $394,259; net, $140,825; other income, $87H;
total deductions, $74,407; balance, sur., $67,296
President and
Treasurer, Geo. W. Hunter; Vice-President, H. C. Brown; Secretary, W. H. Crouch. (V. 76, p. 704, 751.)
Arkansas Springfield 6c Northwestern RR.— Projected from
Jefferson City to Springfield, about 160 miles. 8tock authorized, $3,fleld. La., 100 miles.
is proposed, of which
000,000.
The stockholders on Jan.
bonds at $20,000 per mile.
20, 1903, authorized first mortgage
V. 75, p. 1085, 1398. In Oct., 1904, con-
Bonds— .PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable and by Stocks— Last
Whom.
Dividend,
Cent.
Payable
4g. J. & J. New York and Phlla. July
4g. Q.—J. N.Y., Metropol. Tr. Co. July
6g. A. & O. N. Y.,N.Y.3ec. & Tr. Co. Apr.
$450,000
7,000,000
334,000
1,262,000
4,500,000
773,500
300,000
575.000
101,955,500
114,173,730
1,500,000
560,000
146,634,500
51,346,000
6,128,000
25,000,000
195.000
6,000,000
1,700,000
500,000
4,250,000
750,000
&
g.
g.
J.
J.
5 in 1904 F.
6 our M.
5g.
4g.
J.
A.
&
&
&
&
&
&
&
&
New
1,
1,
1,
1,
1919
1995
1929
1929
1953
May
do
A.
8.
-
g.
A.
7 in 1904 M.
4
7
4
A.
0.
J.
A.
M.
A.
A.
&
&
&
&
&
&
&
&
&
&
&
J.
do
do
do
do
do
do
do
do
do
do
do
dd
do
do
J.
O.
-
5
do
N. Y., 5 Nassau Street.
See a
4g.
g M. & S.
2 g. F. & A.
4
g J. & J.
£
&
&
M &N.
Kansas
1,
J. Mi8sis.Val. Tr.,St.Louis July
York and St. Louis. -Ian.
J.
See text. Q.-M. Check from Co.'s office Sept. 20, '04,
M.
N. N.Y.,N.Y.Sec.&Tr.Co.
1, 1925
J. N. Y., Cent'l Trust Co. July 1, 1928
4 g. J.
D. Checks mailed fr. N. Y. Dec. 1,1904. 2
4 in 1904 J.
5
4
1,200,000
4 g.
1,232,200 See text.
1,232,200
6
2,352,000
5g.
2,200,000
5 g.
75,000
4%
350,000
5 g.
1,064,000
4g.
stamped p ayable
struction
[Vol. lxxix.
O.
Aug.l,*04,
Moh.
Oct.
1,
1,
1,
July
Mar.
1,
1,
Jan.
2%
1915
1937
1995
1995
1928
Feb.. 1905-14
Jan. 1, 1928
Oct.
1.
1940
S. N.Y.Cent.Tr.Co.,54Wall Sept.6,'04,3»«
do
Jan. 1, 1907
do
O.
do
Jan. 1, 1907
do
J.
do
Jan. 1, 1907
do
O.
D. N. Y., Standard Tr. Co.
Atlanta, Ga.
J.
June
1,
1953
See text,
do
do
Co's option.
Old Colony Tr. Co., Bost. Jan. 1, 1934
N. Phila.,Read. Ter. Bldg. May 1, 1919
do
Apr. 1, 1930
do
O,
Philadelphia,
Apr. 1, 1948
O.
July 1, 1951
do
J.
J.
J.
V. 70, p. 944.
to begin shortly. President, Henry C. Solomon.
Directors Jan., 1903, V. 76, p. 330. (V. 76, p. 751.)
was expected
City,
Mo.
Arkansas Valley 6c Western RR.—Tulsa, I.
T., northwesterly to
1904. Operated by the St. Louis &
San Franoisco RR. V 78, p 49. 8took $4,500,000, and bonds are all
owned by St. Louis & San Fran. Bonds are subject to call at par and
interest on and after July 1, 1912, or at any time at par if an extension is arranged at a lower rate of interest. President, C. G. Jones,
Oklahoma City, O.T.; Sec, John B. Llnden.-(V. 78,p. 1167.)
See Southern Ry., Carolina Dlv.
Ashevllle 6c Spartanburg
Ashland Coal A Iron Ry.—Ashland to Straight Creek Junction,
Ky., 22 m. Ches.A Ohio has traokage over this road. The mining interests were in Jan., 1902, transferred to Ashland Iron & Mining Co., stock
being reduced from $1,547,000 to $773,500. Bonds, see V. 71, p. 27.
Year ending June 30, 1903, gross, $166,258; net. $75,746; Interest,
taxes, etc, $$38,091; dividends (3 p. c), $23,205: balance, surplus for year. $14,450. Total surplus June 30, 1903, $220,512. Dividends in 1895-96, 4 p. c; in 1896-7, 4 p. c; In 1897-8, 4 p. c; In
1898-9, 4 p. c; In 1899-0, 4 p. c; June, 1900, to June 20, 1902, 6 p. e.
yearly (Us p. c Q-M). and in June, 1902, 3 p. o. extra; Sept., 1902,
none; Dec, 1 p. c; in 1903. 4 p. c; 1904, Mar., 1 p. c; June, 1 p. c;
Sept., 1 p. c Directors, Oot, 1903. V. 77, p. 1532. President, Robert
Peebles; Sec and Treas., Frank B. Moore.— (V. 77, p. 1532.)
Avard, 175 miles, completed Mar.
1,
RR.—
RR.—
Goble to Seaside, Ore.. 79
Astoria 6c Columbia River
miles; branch, Warrenton to New Astoria, 2 miles; traokage, Goble to
Portland, 40 miles; total, 121 miles. Stock outstanding, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug
A., Issuable at $40,000 per mile; outstanding.
7, 1996, interest F.
$3,280,000. Central Trust Co., Trustee. In 1903 interest on bonds
was paid; previous interest reported to be unpaid. Year ending June
30, 1902, gross, $306,954; net, *118,477; charges, $140,512; bal., def.,
$22,035. Pres., A. B. Hammond, Astoria, Ore.— (V. 77, p. 2158.)
Atchison 6c Eastern Bridge.—Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used by the
Atch. Top. <s Santa Fe, the Chic R. I. & P., the Mo. Pac and the Ohio
Burl. & Quin. A reorganization of the Chic & Atoh. Bridge Co. foreclosed Mar. 4, 1898, per. plan V. 65, p. 366. Stook, $700,000; par,
$100 per share. A sinking fund equal to the difference between th<annual Interest on the outstanding bonds and $30,000 will retirw
bonds yearly at par and Interest (by lot If not purchasable in the open
Year ending Deo. 31, 1902, gross, $96,656; net, $75,002,
market).
int. and sinking fund, $30,000; renewals and other charges, $6,675Pres. and Treas., Howard P. Eells, Cleveland, O.— (V. 67, p. 578.)
(The) Atchison Topeka 6c Santa Fe Hallway.— (See Map)The system operated July, 1904, comprised 8,300*92 miles of
railroad, and embraoed an unbroken line of track from Chicago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Paolflo Ocean;
also to Galveston, Tex., and the Gulf of Mexico.
&
For operating and statistical purposes the system Is divided asfollows
j\$
Miles.
ites
2017
6,82253 Rio Grande & El Paso. .
Atchison T. & S. F
1,329 05 South. Kans. Ry. of Tex.. 12917
Gulf Colo. & S. F
8,30092
Total of all
Also owns stook of the Santa Fe Pres. & Phoenix and oontrols the
Pecos Val. & Northeastern, 672 miles In all. V. 75, p. 680. In 1900, ao
quired control of Gulf Beaumont A Kansas City and Gulf Beaumont A
Great Northern, whloh are leased. V. 76, p. 751; V 77, p. 1224. Owns
entire stook of Cane Belt RR., 104 miles. V. 79, p. 1341.
Organization.—This oompany 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 plan. V. 00, p. 658.
The railway oompany in July, 1904, owned in fee 6,483 miles of the
system, and also all, or nearly all, the bonds and stocks of the
various companies in which the title to the other lines is vested. V.
68, p. 974. A list of such holdings is In the general mortgage (in V.62, p
732, 733, and successive annual reports) See V.69, p. 1300; V.71, p. 27
In Mar., 1903, the Eel River & Eureka, In Northern California,
together with the California & Northern, 51 miles, was acquired In
the Interest of the oompany. V. 76, p. 653. The stockholders voted on
Deo. 11, 1902, to purohase the Santa Fe Pacific RR.,eto, V. 75, p. 980.
San Franoisco & San Joaquin Valley Ry. was merged in June, 1901.
V. 68, p. 426; V. 67 p. 841, 1355; V. 71, p. 605; V. 72, p. 1134.
In July, 1903, a cut-off was under construction from Belen,
N. M., to probably Portales, on the Pecos Valley, shortening the main
line about 200 miles. V. 75, p. 28, 980.
In Nov., 1903, the San Francisco & Northwestern Ry. projected
from Alton, Humboldt County, Cal., southerly to a connection with
the Atchison near Point Richmond, on San Francisco Bay, over 200
miles, was purchased; also the Randsburg RR., 30 miles. Phcenlx &
& Eastern, see V. 77, p, 633, 1294, 2279.
In Sept., 1904, Union Paolflo interests, it was reported, acquired a
large amount of the stock (rumored as $30,000,000 to $48,000,000) to
ensure harmonious relations between the properties. V. 79, p. 1331,
Stock.—The preferred stock has preference as to assets and nonoumulatlve dividends not exceeding 5 p. c per ann., as deolared by the
board of directors out of net profits. No other mortgage and no
Increase In the preferred stook can be made without the consent of a
majority of all the preferred stock and of all common stook repre.
.
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1747
RAILWAY STOCKS AND BONDS.
1748
RAILROADS.
[Vol.
INTEREST OR DIVIDENDS.
•
Miles Date Size, or
Amount Rate per When Where Payable, and by
of
Par
for explanation of column headings, etc., see notes of
Road Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
$100 $10,500,000
1897 100 &c.
5,000,000
1900 100 &o.
5,000,000
100 35,677,000
100
973,000
100
1,726,700
1902 l.OOO&c 36,865,500
1902 l.OOO&o 35,000.000
1902 100 &o. 21,404.000
1900 100 &c
11,100
Atlantic Coast Line Co. (Conn.)— Stock, $30,000,000
Ctf s. of indebt., lno.,non-oum., $6,000,000.r.SBa.
do
do
red.atl05aft'r20yrs.SBa
do
Atlan. Coast Line SK. —Stk., common (text)
Class "A" com. stk. tax exempt (Rich. & Pet. ctf s.)
Preferred stock, 5 percent
c*&r 3,885
1st consol. M $80,000,000, g., text U»
Col.tr. M., gold, sec. by L. &N. stook.red 105o*<ter
,
Certificates of indebtedness (new) $25,000,000..
do
do
(old)
Bonds Underlting 1st Consol
68
22
27
479
151
PO
54
110
110
548
111
169
169
174
244
14 i
Yad.Div.,lstM.,g.(San.toWil.,N.C.&c.).SBa.c*
Wil. & New Bern, 1st M., gold, assumed. SBa.
Alb.& Ral.,lst M., g.,ass'd(R.Mt.to Plym.)SBa
Nor.&Car.,l8tM.,g.(P.Pt.,Va.toTar.,N.C.).Ce.o*
J
o
2d mortgage, gold SBa
c*&r
West. 1st M., gold.
Sav. Flor.
Charleston & Savannah, gen. mort , gold.SBa.c*
Mp
Bruns.&W. IstM. Bruns.to Albany, g.,gu.ITlp.c.
Income mortgage
Ala. Mid., 1st M., g.(Bainb. to Montgom.) Mp.xc
c
Florida South'n let mort $5,000,000, g,A
Sanford
St. Petersburg, 1st mort., gold. Pel*
Four small issues
B
,
1883
1,000
1880
1,000
1898
1,000
1881
1,000
1881
1,000
1875 500 &c.
1890
1,000
1885
1,000
1899
1,000
1897
1,000
1894
1,000
1889
1,000
1896
1,000
1884
1,000
1886
1,000
1888 500 &c.
1888
1888
1,000
l.ono
1895
1894
1,000
102
239
696
68
.
&
'78-'93
1,000
sented at a meeting. The total authorized amount of preferred stock is
$131,486,000, of which $10^800,000 is reserved to acquire other
lines; also $6,486,470 in special trust for improvements, extensions, etc. Pref. stock certificates in Supplement of April, 1897, page
3. Common stock authorized, $102,000,000.
1902 to 1904.
Dividends (p. c.)— )
1S99.
1900.
1901.
3"«
>
4 yearly (l>i)
On common
4
5
5 yearly (J&D)
On preferred
2k
)
Bonds.—The Gen. Mort. (Abstract V. 62, p. 731-739, see also V. 68,
p. 974) is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 8,119 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions.
— Reserved.
General mortgage 4s (limited to $165,490,500).
In 1896.
In 1904.
a To retire guarantee fund notes paid and car trusts at
not exceeding $1,260 for each $1,000 of old bonds... $16,600,000 $2,330,383
604.W60
1,500,000
6 Non- assenting bonds from reorganization of 18^9
1,600,000
1,500,000
C Chicago & St. Louis 1st mortgage 6s
terminals, second track, equip't, etc.,
For improv'ts,
at not exceeding $3,000,( 00 yearly, of which not over
$760,000 for extensions
30,000,000
6,616,101
20,000,000
6,73 1,554
For acquisition of Atlantic & Pacific and other lines
The Adjustment Mortgage (Abstract V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
Is to
be
for the fiscal year up to 4 per cent and the rate
determined on or before October 15 in each year ; Interest
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present Issue is limited to $51,728,000, but when the $30,000,000 general 4s authorized for improvements as above have been issued (1. e.,
not before June 30, 1905), $20,000,000 additional adjustment 4s may
do Issued for the same purposes at not exceeding $2,000,000 in any one
year, but only by a majority vote of the adjustment bondholders. Interest— In Nov., 1897, paid 3 p. c; since, full 4 p. c. yearly.
The Eastern Oklahama division 4s of 1903 ($10,000 000 authorized)
will be issued for extensions; the present issue of $5,645,000 Is
secured on lines completed in lOOi.viz.: Paul's Valley to Newklrk,
Ind. Ter.. etc a total of 306 miles. V. 76, v. 434; V. 79, p. 1331.
The $30,000,000 debenture 4« of 1902 were issued to pay for $13,000,000 equipment ordered since July 1, 1901, and to cover the cost
Phoenix, and construction of new
of securities of Santa Fe Prescott
mileage already made or authorized, amounting to $5,000,000, and
additional equipment, terminal facilities and other permanent improvements made or incurred since Jul> 1, 1901, or hereafter to be inourred.
No new mortgage on lines owned when the debentures were Issued can
be made without securing debentures thereunder. See statement, V.
74. p. IPO, and official statement in V. 74, p. 204; also V. 75, p. 680. The
debentures maturing Feb. 1,|K03, having been paid from cash in the
treasury, are not included in the income account. V. 77. p. 2338.
San Francisco dt San Joaquin bonds may be drawn at 110 after 1915.
General Finances.— Capital expenditures from organization to
June 30. 1903, see V. 73, p. 1311: V. 77. v. 632 In Jan.. 1902, issued
$30,000,000 debentures, payable $2,500,000 yearly; see above.
,
.
&
In Dec, 1904, $10,000,000 general mortgage bonds were sold, mostly
for the purchase of additional rolling stock, double-tracking and
extensions. V. 77, p. 2338; V. 78, p. *27. Bonds per mile of road
July 1, 1904, $29,176 ; Interest charge, $1,179. V. 79, p. 1339.
Latest Earnings.— 2
> 1904
Gross, $10,187,170; net, $3,270,739
mos.,Julyl to Aug.31. S 1903. ...Gross, 10,981,325; net. 4,114938
Deducting taxes and rentals, balance for interest in 2 months of
1904 was $2,«84,169, against $3,775,756.
Road operated 8,299
average miles in 1904, against 8.047 miles in 1903.
Report.— Annual meeting third Thursday in October. Report for
year 1903-04 was given in V. 79, p. 1825, 1339; see also page 1302.
Average freight train-load, 270 tons in 1903 04, against 280 in 1902-03.
Tears end. June 30—
1904.
1903.
1902
1901.
Aver, miles operated
8,180
7,965
7,855
7,807
Gross earnings
$68,171,200 $62,350,398 $59,135,086 $54,474,822
expenses 42,222,032 38,437,110 33,909,268 32,262,946
Operating
Net earnings... $25,949,168 $23,913,288 $25,225,818 $22,211,876
1903-04.
1902-08.
1903-04.
9,418,800
1902-03.
$2,198,464
9,134,486
$15,369,741
0-.090
(4J04,078,220
$13,8(^.832
(5%)5,708.090
{i% )4, 078.220
..$6.672.£81
$4,111,422
Net earnings.... $26,0»w,lfi8 $23.Ml3,28i Taxes, eto
1,317,993 Interest
Other income.... 1,248,-74
Net Income.... $27, 197 842 $26,231,281
Dividend on pref erred stock
Dividend on common stock
Bal.,surp
Balance, surplus for year
$2,4 1 9
4
01
(fi*)5.
Officers.— Chairman of Executive Committee, Victor Moraweta; E
P. Ripley, President: D. L. Gallup, Comp.; H. W. Gardiner, Asst Treas'
Directors.— Charles Steele. K. Somers Haves. Edward J. Berwind, Geo. G.
Haven, John G. McCullougli. II. Hleman Duval. Thomas P Kowler, Victor
llorawetz, New York: B I' Cheney, Boston; Edward P. Ripley, Byron L.
Smith, Chicago: Andrew C Jobes, Wichita; Howel Jones, Charles S. Gleed,
Topeka:
K. I)
Kenna. Chicago.
St., N. Y.— (V. 79, p. 1022,
OFFICE.-5 Nassau
1
325, 1331, 1339)
Atlanta &. Cbarlotte Air Line By.— (See Map Southern
way System.)— Owns Charlotte. N. C, to Atlanta, Ga., 269 miles.
Rail-
The operating contract of 1881 accepted by the Southern Ry. re
quires the payment of interest on At. & C. debt and 5 p. c. on stock;
If gross earnings exceed $1,500,000, dividends to be 6 per cent; and
If
they exoeed $2,500,000, 7 per cent.
Q.-M.
5 our. J.
4
J.
5 in 1904 J.
5 in 1904 J.
5 in 1903 M.
M.
8 M.
-
i
4
M.
J.
4s.
No. East (B.C.), cons. M., g., Flor. to Charlest'n.c
Wilm. Col. & Aug., 1st M., (Wilm. to Columbia).
At.C.L.of S.C., gen. 1st M. (1st on 44 m.) g.SBa.o*
Petersburg M., class A, gold
Do
class B, g., (Petersb. to Weldon)
Rlohm d & Petersb., 1st mort. ($24,500 are 7s)
c*
Con. M., g. (Rich, to Pet., etc.). Ce
Wilm. & Wei. gen. M.($938,000 are4s)SBa.g.*o
&
8 in 1903
657,000
g
-
1,600,000
i
5,547,«.00
J.
J.
4g.
868,000
8
800,000
6
340,500
6
4ifl g.
300,000
4,000.000 4g. &5g.
1,800,000
4 g.
500,000
? g
500,000
4 g.
1,320,000
5 g.
400,000
5g.
6,500,000 5g.&6g.
1,500,000
7 g.
2,990,000
4g.
85,000
2,800,000
5g.
2,418,000
4g.
275,000
4 g.
5to8
47,500
*
&f
M.
A.
J.
-
J.
J.
D.
&
&
&
<fe
&
& N.
&
&
&
&
Due.
Stocks— Last
Dividend.
Sept 10/04, 2%
Irredeemable.
July 1, '04, 2%
July 9, '04,215
July 9, '04, 2i«
May 10.'04,2i«
July
1952
1,
Jan.
J. N. Y., Cuyler M. & Co.
D. N. Y.,lst Nat. Bk. & Bait. June
J. Bait.. Safe D. & Tr. Co. July
J. Rlohm'd and Petersb'g. July
&
&
&
&
N. Y.. Central Trust Co.
Bait. Safe Dep. &Tr. Co. July
N. Y..U. S. Tr. Co.
Sav. Apr.
do
do
J an.
J tin.
J. N. Y., U. 8. Trust Co.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1933
1910
1948
1926
1926
1916
1940
1935
1949
1947
1944
1939
1946
1934
1936
1938
Nov.
1,
1928
do
do
Richmond, Office.
Oct.
N. Y., Brown Bros.
N.Y.,lst Nat.Bk.& Bait.
Bait., S. Dep. & Tr. Co.
Apr.
July
O.
N.
& O.
& J.
& D.
&A
& J.
& O.
& J.
& o.
& J.
&
&
&
Bonas— Principal, When
N.Y., J. P. Morgan &Co. Oct. 1, 1952
N. Treas. off., Wilm., N. C. Irredeemable.
do
do
July, 1904, 2%
J.
&
M.
J.
J.
Baltimore.
In 1903 paid 5 p. o.
In 1904 paid 4 p. o.
J.
J, Treas. Of., Wilm., N. C.
do
do
J.
N.
do
do
S. N. Y., U. S. Trust Co.
&
lxhi.
do
do
do
do
June
Aug.
Jan.
Apr.
&
N. N. Y., Metropol. Tr. Co,
J. N. Y., U. S. Trust Co.
J.
May
do
do
Jan. 1, 1945
Jan. 1, 1924
1915-1943
Various
Sinee,
Dividends, ) 1881 to'89. 1890. 1891 to Mar., 1901,inol.
5*2
6 yearly (M. & 8.) 7yrly. (M.&S.)
Peroent— S 5 yearly.
Latest Earnings.— 12 ) 1903-4... Gross, $3,523,917; net, $1,176,042
mos., July 1 to June 30 S 1902-3... Gross, 3,168,628; net, 1,064,730
Earnings.— For year ending March 31, 1903. gross, $3,047,261
agst. $2,898,978 in 1901-2. Pres., C. S. Falrchild, N. Y.-(V. 73, p. 553)
Atlanta Knoxville
A:
Northern By.— (SeeL.&N.Map).— Knox-
Tenn., to Marietta, Ga., 205 miles; and Murphy to Bine Ridge
23 miles; trackage. Marietta. Ga., to Atlanta, Ga.. 20 miles The stock
holders voted June 17, 1904, to consolidate with the Louisville &
Nashville. V. "8, p. 1543.
In 1902-03 gross, $706,512; net, $131,144; int., $70,000; taxes and
miscellaneous, $55,980; surplus, $5,164
(V. 78, p. 1548.)
ville,
—
Atlanta Terminal Co.—To own union passenger
station, with
approaches, to be used by Southern Ry., Central of Georgia Ry. and
Atlanta & West Point RR., expected to be completed about Deo. 1,
1904. Stock, $75,000, owned in equal proportions by the three companies named, which pay all oharges and expenses on car basis. Of the
$1,500,000 bonds (see above). $300,000 is reserved for future requirements. V. 76, p. 593, 1394; V. 77, p. 699. Pres., J. W. English,
(V. 76, p. 593, 1394).
Atlanta, Ga., to West Pt., Ga., 86 m.
Atlanta &, West Point
Ga. RR., June 30, 1903, owned $547,200 stock and $388,900 deb. oert.
A belt line around Atlanta, 5^ miles, is operated at rental of $16,000
yearly, 4 p. 0. on its cost. V. 71, p. 963; V. 73, p. 1354.
Dividends begun in 1855 were for many years 8 percent per annum.
From July 1, 1884, to July, 1901, lnoluslve, 6 per cent yearly, J&J;
Oct. 1. 1899, 25 p. c. extra (V. 69, p. 590); 1902, (?); 1903, 6 p. 0.
In 1902-3, gross, $808,372; net, $321,897; other income, $7,342;
oharges, $252,078; dividends, $73,932; surplus, $3,229. In 1901-2,
gross, $763,712; net, $297,303— (V. 69, p. 590; V. 71, p. 963.)
Atlantic A Birmingham Ry.— Wayoross, Ga., via Fitzgerald
ana Cordele, to Montezuma, 140 miles; Fitzgerald via Tifton and
Moultrie to Thomasville, 80 miles; Brunswiok t» Nioholls. 84 miles,
with branch, 4 miles; Bushnell Station via Irwlnville, to the Allapaha River. 33 miles; total, 341 miles. A consolidation on Deo.
3, 1903, with the Tifton Thomasville & Gulf and Tifton & Northeastern
railroads. V. 77, p 87. 2279. In March, 1904, purohas-i of the Brunswick & Birmingham RR., completed from Brunswick, Ga., to Irwlnville, 162 miles, including 28 miles of trackage, was contracted for;
the road was purchased In foreclosure on Aug. 9, 1904, to complete
title.
V. 78, p. 1391,1548. V. 79, p. 151, 680. Extension northwesterlv from Cordele, Ga., towards Birmingham, Ala., about 124 miles,
and from a point in Meriwether County, at or near Warm Springs,
about 75 miles, were proposed; V. 73, p 899.
Stock & Bonds.—Stock authorized, $15,000 common and $6,000
preferred stock per mile. The 1st 5s of 1904 are Issuable at $12,000
per mile owned, constructed or acquired. Of the $2,640,000 issuable
on the 220 miles owned, $288,000 were July 1, 1904, held in the treasuiy for general purposes. See V. 77, p. 2279. Equipment obligations
June 30, 1904, t450,837.
Earnings— For 5 mos. ending Apr. 30, 1901, gross, $288,127; net,
$73,376; charges, $44,208; bal., sur., $29,168
Report for year ending June 30, 1903, in V. 77, p. 1289. In 1903 4,
on 220 miles, gross, $675,136; net, $210,802; Int. and discount,
$102,936; bal., sur., $107,866. Prest., W. G. Raoul, Atlanta, Ga.;
Auditor, W. J.Swain, Wayoross, Ga.
Directors— W. G. Raoul. Atlanta; Geo. Dole Wadley. Wavcro»s; Gordon Abbott. B ston; H. M. Atkinson. Atlanta; Peroy K Pine, 52 Wall St N. Y. B. H.
Williams, Alex. Bonn«man W. J. Swain and C. F. Redding, Waycross, Ga.—
(V. 78, p. 819, 1274, 1391, 1548; V. 79, p. 6b0, 1265.)
Camden to Atlantio City, 57 m. (double traok);
Atlantic City
branches, 54 m.; Winslow Junotion, to Cape May, N. J., Sea Isle City,
Ocean City; total, 168 miles A consolidation in June, 1901, per
Stock, common, $2,625,000;
plan in Chronicle, V. 72, p. 1278.
preferred. $1,000,000 (par, $50). The Reading Co. owns the greater
part of the stook, and guarantees the consol. 4s, principal and
Of the latter, $2,650,000
interest. Form of guaranty. V. 75, p. 1398.
are reserved to retire prior lien bonds and $786,000 for improvements.
See V. 73, p 81. There are also outstanding $23,500 Seacoast RR. ser.
A 5s and $2,834 ser. B 5s. For year 1902-3. gross, $1,415,689; net.
$244,396; fixed charges, $206,646; bal., sur., $37,'350.— (V.75, p. 1398.)
RR.—
.
;
RR.—
Atlantic Coast Line Co.— (See Map.)— Organized
May
29,
1889, under the laws of Connecticut, and owns a majority of oapltal
stock and a large amount of the bonds in a system of railroad companies desoribed under the title of the Atlantio Coast Line RR. below.
Stock.—As to certificates of indebtedness, see editorial, Oct., 1897,
Sup., page 3.— V. 65, p. 564; V. 71, p. 1310. In 1898 $5,000,000 stook
was distributed as a 100-per-cent dividend. V. 67, p. 954. In May,
1903, stockholders subscribed to $500,000 new stock at $250 per $100
share, raising the amount outstanding to $1'»,500,000. V. 76, p. 1029.
In 1900 company distributed $10,000,000 4% certificates of indebtedness (Including $2,500,000 of Atlantio Coast Line RR. Co.)as a 100-p 0.
dividend to represent the profits from the consolidation by whioh the
Atlantic Coast Line RR. was formed.
V.71, p. 697; V. 73, p. 493. As to securities pledged to seoure equally
the certificates of Indebtedness of 1897 and 1900. see V. 71, p. 1310.
1904.
CASH DIVIDENDS, J 1896. '97. *98. *99. '00. '01. '02. '03.
8Incl.8ep.,6
5 4*« 6*2
3
Per oentr\
3»s 4
4»s
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1749
RAILWAY STOCKS AND BONDS.
1750
RAILROADS.
Date
Miles
Size, or
Amount
of
Par
of
For explanation of column headings, &c, see notes
on first page of tables.
Road. Bonds Value. Outstanding
Atlantic Coast Line RR.— (Concluded.) —
811. Sp. 0.& G., 1st M.,g.(Ooala to Inv. & br.)Cl.o*
Wei. otf s. of ind. for dlv. 1887,non-ouin. ,lno
Wil.
All.* Dane.— 1st M.,$4,425,000,g.,lnt.rental.Me.o*
2d M., $1,525,000, g., int. rental, .'fa
Atlantic <k No. Carolina— Stock, $1,800,000
1st mortgage, $325,000..
Atlantic <& St. Lawrence— 8tock, 6% rental GrandTr'k
Atlantic <£ Western— 1st
$3,000,000, g.IB
Augusta <t Savannah Stock 5* rental Central Ga
Ce.xo
Augusta So. letconsol. M.. gold
AuQusta Union Station— 1st M., $250,000, gold.SB
<& Mt. Morris RR.— Stook (see text)
Avon Qeneseo
Bald Eagle Valley— Stock, $2,600,000
1st M. orig. $400,000 (s. f., drawn at 100).. .FPxr
&
—
M
275
275
Bait.
Bolt.
<t
Cumb
A Cumb.
Yal.
Ry.— let mort.,
Val.
RR.— 1st mort.. Interest rental
Interest rental.
1888
$1,000
100
1900
1904
1.000
1,000
1887
1,000
100
£&$100
165
,
Baltimore <£Annap.S.L.-Btook, common
Baltimore Chesapeake dk Atlan.—lBt mort., goldAo*
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
I
64
MeBa
—
[Vol. lxxix.
53
85
94
"88*
3
5
B. A O. V.RR.Exten.Sik, ga. ($270,000 carries 7 p.o.)
"27
1st mortgage, interest rental. Ba
32
Baltimore <& Narrisbura RR.—to.., gold. Hie Ba.o"
15
1st M.West. Ext. ($16,000 p.m.), g.,gu.l!Ie Ba.o*
Baltimore Jk Ohio Common stock, $125,000,000
Pref. stock, 4 p. o, non-oum, auth. $60,000,000..
Prior lien mort., gold, not subi. to call.Me..o*&r 1,076
1st mort., gold, red., at 105 after 1923.Us..c*<fcr 1657
Southwest'n Div. IstM., $45,000,000, g.F..o*&r 930
—
384
Pitts. Jo.&Mid.Div.($20,000.000)lstM.g.Ce.o*Ar
V. L. E. <fe W. V.Bys. ref .,g.,red.l00 aft.'25 Un.o'Ar 1,642
Conv. deben., $15,000,000, gold, red., see text...
Coll. trust notes, gold.
C am
& J N. Y., U. S. Trust Co. July 1, 1918
Wilmington, N. C.
& O
Irredeemable.
J. & J N. Y., Mercantile Tr. Co. July 1, 1948
J. & J
New York.
July 1, 1948
J. & J Check from Co.'s office.
See text.
J Bait. ,Nl.F'rm'rs'& P.Bk July 1. 1917
J.
M. & 8, London and Portland. Sep., 1904. 3%
5 g- J. & J Boston, Intern. Tr. Co. Jan. 1, 1944
Savannah, Ga.
5
J. & J,
July 5, '04, 2i«
5 g- J. & D N. Y., J.P.Morgan & Co. Deo. 1, 1924
Bait., Safe D. & Tr. Co. July 1, 1953
4
J. * J
New York, Erie RR. July 1,'04, 1\
8*a J. & J.
10
P.
A
Ang. 1, '04, 5%
6 our. J. & J. Phila. F. Ins.Tr. AS.Dep. Jan. 1, 1910
7i« In '04 J. & J.
Checks mailed.
July 1, '04, 4
Phila., Broad St. Stat'n. Sept. 1, 1934
5 g. M. &
J, & J. Bait, Farm. & Meo. Bk. July 1, 1929
6
do
J & J.
do
6
July 1, 1929
do
do
5 &7 J. & J.
July 1, 1904
do
J.
J.
do
July 1, 1931
6
do
do
Nov. 1, 1936
g> M.& N.
t g. M. & N.
do
do
May 1. 1938
5
4 in 1904 M. & S. Co.'sOfflce,2Wall8t.N.Y Sept. 1, 1904,
do
do
4 in 1904 M. & 8.
Sept. 1, '04, 2%
$1,067,000
13,200
3,925,000
4g.
775,000
4 g.
1,797,200 See text.
325,000
6
5,484,000
6
1903 1000&0.
(?)
$100
1,022,900
1894
1.000
n400,000
1903 1.000&0
225,000
100
225,000
50
1,535,000
1880
1,000
308,000
100
358,000
1894
1,000
1,250,000
500
1879
48,500
1879 100 &o.
72,800
50
390.600
1881
1,000
230,000
1886
1,000
690,000
1,000
1888
240,000
100 124,262,060
100 59,973,800
1898 500 <feo. 72.798.000
1898 500 &o. 70,963,000
1899 500 <ko. 43,600,000
1898 500 Ac a 6,175,480
1901
1,000 20,000,000
1901
1,000
592.000
1904 l ,000, &e 10,000,000
J.
A.
<fe
<fe
,
<fc
3Jflg.
4
do
do
do
do
do
do
11
g.
1
3iflg.
A
M. &
M.&
A. &
J. *
M.
4 g.
4%g.
Bonds Underlying 1st mort. 3 1* per cent.
377 1853 500 &o.
118,000
Loan, 1853, extended In 1885, gold
4g.
1868
1,000
24.500
4 g.
Pitt.&Con.,lstM.,ext. in 1896 in gold
* Coup., M.-N.; re
6 Coup., A.-O.; reg., Q.-J.
H Coup., J. -J.; reg., Q.— J.
a In addition $7,635,050 are pledged as part collateral for the Plttsb. L. E. & W. Va. System 4s.
N.
S.
do
do
do
do
do
do
July
July
July
Nov.
Nov.
do
do
O.
J.
1,
1,
1,
1925
1948
1925
1925
1941
Moh.
1911
1,
1906
Oot.
1,
July
do
do
1,
May
New York.
N.
1,
1,
1.
1935
1946
I
Full Interest has been paid on the certificates of indebtedness to
July, 1904. Chairman of Board, Henry Walters; President, Warren G.
EUiOtt.-(V. 75, p. 1146; V. 76, p. 1029.)
(See Mop.)— Operates from Rich"
Atlantic Coast Line
mond and Norfolk. Va., on the north, to Kt.rt Myers, Port Tampa and
River Junction, Fla., on the south, and Montgomery, Ala, aid Augusta, Ga., on the west, reaching the ports of Norfolk, Va.; Wilmington, N. C, Charleston, 8. C; Savannah and Brunswiok, Ga., and Jacksonville and Port Tampa, Fla
Lines owned (Con.)
Miles.
Lines owned.
Branches, eto
1,545
Richmond, Va., to Port Tampa,
898
U See these companies.
Fla
Miles.
Leaned—
Norfolk, Va., to South Rocky
115 Central RR. of 8. CarolinaMount
RR.-
—
—
Lane to Sumter, 8. C
40
105
Contentneato Wilmington
40
138 Other lines
S. C, to Robblns
—
Trackage
43
Bumterto Columbia
59
Wilmington, N.C.,to8anford.ll6 Robblns to Augusta, Ga., eto.
Jesup, Ga.,to Montgomery, Ala353
169
Total in earnings
4,260
Brunswick, Ga., to Albany
Controlled, op. separately
Dupont Jet. to Inverness, Fla. 247
Fla. 16 IT Louisville &NH8tivllle
6,133
Banford to St. Petersburg,
Palatka, Fla., to Brooksville 145 11 Charleston AWest.Caro.... 340
61
Bartow to Fort Myers, Fla ...101 M Northwesfn RR.of 8. Car.
Also owns one-sixth Interest in the Richmond-Washington Co. and
one-half Interest in Atlanta (Ga.) Belt Line Co., 5*2 miles. Leases,
(olntly with the Louisville * Nashville RR.. the Georgia RR., which
operates and controls 614 miles.
Organization— .Originally the Atl an tio Coast Line of Va. (change of
name being authorized in Jan., 1900); in April, 1900, absorbed by
Florence,
. .
1
.
the following allied properties: Wilmington & Weldon RR., South Eastern RR., Atlantic Coast
Line railroads of South Carolina and Virginia Norfolk & Carolina RR.
The Florida Southern and Sanford &, rtt. Petersburg weremerged in Apr.,
1903, the $4,*41, 000 Fla. 80. 4s and $775,000 Sanford & St. Petersburg 4s being offered the privilege of exchange for 90 p. 0. in Atlantic
Coast Line oonsol. 4s. V. 76, p. 918, 971. The Atlantlo Coast Line Co.
(of Conn.) owns a majority of the stock. See that company above.
V. 70, p. 893; V. 71, p. 1116, 1310.
Savannah Flor. & Western Ry. ("Plant System"), which owned and
controlled 2,234 miles, was merged July 1, 1902. V. 74, p. 774, 829.
The Jacksonville & Southwestern, Jacksonville, Fla., to Newberry. 90
miles, was acquired in July, 1904, and will be extended to Fort Fannin, 20 miles. V. 79. p. 732.
In Oct., 1902, acquired $30,600,000 of tbe $60,000,000 Louisville &
Na*hville RR. stock for $10,000,000 cash, $35,000,000 in 4 percent 50year oollat. trust bonds and $5,000,000 stock. V. 75, p. 733, 792, 905;
V. 79, p. 785.
Stock.— Atlantlo Coast Line RR. of Va., olass A, tax-exempt stockwas assumed an so much of the common stock of the new company.
In Nov., 1902, the authorized common stock was Increased by $15,000,000; of the new stock $5,000,000 was given in part payment of
Nashville stock, $8,500,000
controlling Interest in the Louisville
additional being subscribed for as part of the same transaction at
amount outstanding to $36,650,000.
$125 per share. This raises the
V. 75, p. 1252.
The preferred stock ($18,850,000) was In 1902 mostly exchanged for
125 per cent In 4 per oent certificates of indebtedness. V. 75, p. 1252.
Dividends.—Dividends on pref. paid Nov., 1900, to May, 1904, both
inclusive, 5 per oent yearly (M & N.). On common, Including class
"A" stook, 1 per oent paid Jan. 10, 1901; July, 119 p. c; In 1902 Jan.,
J.).
On
1»« p. o; July, 2 p. c; In 1903 and 1904, 5 p. c. yearly (J.
certs, of indebtedness In full to May, 1904, inol.
Bonds— First consol.4s of 1902 ($80,000,000 authorized, limited to
$20,000 per mile) are a first lien on about 751 miles of road and a
blanket lien on the remaining 3,133 miles owned, subject to the underlying bonds. The first consols are issued or reserved as follows:
Issued forthwith for refunding, eto. V. 75, p. 76; V. 77, p.
$31,034,000
1872; V. 78. p. 819
35,102,000
Reserved to take up underlying liens
acquisitions, extensions, improvements and
Reserved for
13,864,000
equipment
As to the $35,000,000 collateral trust 4s of 1902 see "Organization"
above They are subject to call at 105 in amounts not less than $100.000. Car trusts $900,000, due $10,000 quar., Deo, 1904, to Deo, 1906.
Latest Earns.- 2 moe. ) 1904... Gross, $9,929,083; net, $720,538
Gross,
2,775,254; net,
j 1903..
755,176
July 1 to Aug. 31.
Report for the year ending June 30, 1903, was given at length
in V. 77, p. 2032, 2047 (see also editorial, p. 2007). Advance statement for 1903-4 (partly estimated) was in V. 79, p. 785.
1903-4.
1902-3.
$20,544,975 $19,682,456
Gross receipts
12,110.464
11,910,337
Operating expenses
consolidation (per plan V. 70, p. 840, 893)
A
&
Net receipts from
traffic
$8,434,511
$7,772,119
1903-4.
*It come
1902-3.
from other sources (estimated for
1904)
$2,103,487
$10,537,998
5,408,644
857,625
..
1,832,500
86,335
Balance, surplue
$8,925,071
4,876,447
1,055,595
1,620,000
94,076
$2,352,894
Total net receipts
Interest on bonded debt, taxes, etc
Interest on certs, of indebtedness
Dividendson com. stock (5 percent)
Dividends on pref. stock (5 per cent)
$1,152,952
$1,278,953
Includes 12 mos. dividend, or $1,530 000, on L & N. stock owned
in 1903-4; in 1902-3, 6 mos. div. ($765,000). M Inoludes 12 mos. interest, or $1,400,000, on L. & N. col. trust bonds; in 1903-4; in 1902-3,
9 mos. interest, or $1,050,000.
Officers.— Chairman of Board. Henry Walters; President, R. G.
Erwln; 1st Vice-Pres., Alexander Hamilton; 2d Vice-Pres., 0. 8. Gadsden; 3d Vice Pres., T. M. Emerson; 4th Vioe-Pres. and Gen Man., J. R,
Kenly; Sec. Herbert L. Borden; Treas., James F. Post.— (V. 79, p. 500,
*
732.)
Atlantic
& DanvilleRy.— (See Map Southern By.;— West
Nor203 miles, three branches, 22 miles; James River
Junction to Claremont (3 feet gauge) 50 miles; total, 275 miles. Leased
to Southern Ry. from Sept. 1, 1899, to July 1, 1949, for taxes, repairs,
maintenance and cash rental sufficient to oover interest charges, with
privilege of renewals for terms of 99 years. In addition the Southern
Ry. agrees to pay the same rate of dividends on the common stock as
may at any time be paid on its own common stock. V. 71, p. 447; V.
folk, to Danville, Va.,
79, p. 625.
Stock.— Common, $2,180,800. The
celed July
p. 625.)
1,
1904.
See V. 71,
p.
pref., 30.992 shares, was can181, 862; V. 73, p. 722, 956; V. 79.
fours of 1900 $500,000 can be issued only
improvements upon request of Southern Ky. Of the $1,525,000
second 4s, $775,000 were issued July 1,1904, and $750,000 balance
will be on July 1, 1909. V. 77, p. 195- V. 77, p. 195; V. 7y, p. 625,
Bonds.—Of the $4,425,000
for
(
785, 967.)
Atlantic
Atlantic
Ac
Gulf Short Line.—See V.
Sc
Lake Superior Ry.—In
73, p. 615; V. 76, p. 1354.
July, 1903, operated Metapedla, (Juebeo, to Paspebiao, ICO miles; owned St. Gregolre to Nloolet,
7 in.; St. Francis to Yamaska, 6 in.; Yamaskato Ho re 1, 10 in.; Laohute
to St. Andrews, 7 m.; total, 130 miles. Was under construction, Paspebiao Juno, to Port Daniel, 21 m.; Pierreville to Nloolet, 15 m.; St.
Gregolre to Chaudlere June, 67 m.
During year 1903-4 road was operated by trustee for bondholders.
Stock authorized, $10,000,000; par, $100; issued, $2,602,500. Bonds
For year ending June 30, 1904, gross,
outstanding, £500,000, 4s.
$57,346; net, $11,663. President, Hon. J. R. Tulbandeau; Sec, Edgar
N. Armstrong, Montreal.— (V. 68, p. 329; V. 70, p. 1148.)
Morehead City to Goldsboro,
North Carolina
Atlantic
N. C, 95 m. State of N. C. owns $1,266,500 of $1,797,200 stock.
Leased from Sept. 1, 1904, to Jan. 1,1996, for Interest on bonds,
taxes, etc., and dividends at 3 p. c. yearly for 20 years, increasing tj
per cent yearly every 10 years until 5 per oent Is reached ; thereafter,
6 p. c; the lessee also agrees to expend $25O,OO0by Sept. 2, 1907, for
improvements and equipment. V. 79, p. 967.
Dividends.— ) '92. '93. '94. 1895. 1896. 1897. 1898. 1899. Since,
RR.—
&
Percent.
,2220
2
2
22
Earnings.— For 9 mos. ending Mar. 31, 1904, net earnings above
charges were *44,772. See V. 78. p. 2010. For year ending June 30,
1904, gross, $331,333; net, $109,512; int., taxes, eto., $30,683; improvements, $41,879: baL, surplus, $36,950. President, J.W.Grainger, Kinston, N. O.; Seo. and Treas., D.J. Broadhurst, Goldsboro, N. O.
-(V. 77, p. 1873; V. 78, p. 227,988, 1167, 2010, 2333,2383, 2389;
V. 79, p. 680, 967, 1331.
A
Ry.—See Georgia Bo. Flo. Ry.
78, p. 1906.
Augusta Ac Savannah it it. —Milieu to Augusta, Ga., 53 miles,
In 1895, re-leased to Cen. of Georgia at 5 p. 0. on stook.— V. 61, p. 239.
Owns from Augusta to Sandersvllle,
\ ii :;ii Kin Southern
Ga., 80 in. and Sandersvllle & Tennllle RR., 4 miles. The Southern Ry.
acquired about four-fifths of the stook, and so controls,
in Jan., 1901,
although the lease was annulled April 25, 1901. V. 73, p. 343. Common stook, $400,000; pref., $350,000; par, $100. Year ending June 30,
1904, gross. $142,212; net $8,884; interest on bonds, $20,000; def ,
$11,116. -(V. 72, p. 935.)
A 11 dim' 11 Lnlon Station Co.— Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter under
their operating oontract providing for interest on the bonds. Stock,
$75,000, held equally by Southern Ry., Atlantlo Coast Line RR. and
Georgia RR. V. 78, p 2333; V. 79, p. 500. President, Thos. K. Scott;
Seo'y and Treasurer, Carlton Hillyer, Augusta, Ga.— (V. 79, p. 500.)
11 » tin Sc North western
See Houston <fe Texas Centr'l Ry.
Atlantic Valdosta Ac Western
Atlantic Ac "Western RR.—V.
RR.—
,
A
RR.—
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
Miles
Date
Size,
or
Amount
of
Par Outstanding
For explanation of column headings, Ac, see notes of
Road. Bonds Value.
on first page of tables.
Baltimore
B.
<t
& O. 8.
Ohio—(Oon.)—Bom>s Underlying So
o*
W. BR., eto
Pittsb. Juno. & Mid. d IV. '3*3
OentO.. $2,500.000,con.lst M. (1st l'n) g.MeBa.o 144
116
Sand. Mans. & Newark, $2,300,000, 1st M.Un.o*
A
7
Pittsb. Juno., lstmort., $1,400,000, gold. Me..o
o*
7
2d mortgage, $300,000, gold.
Pitts. Jo. Ter. 1st M., $500,000, g., gu. p.&i.Mc
West
Bonds Underlying PrrrsB'g Lake Erie
192
Wheel. Cons. M. (now 1st) g.Usm.o*
Clev. Lor.
General mort., $1,000,000, gold, red. 105.IV...0 192
102
Con.ref.M.,$10,000,OUO,g.,red. atl02ifl.Col.o*
88
Clev.Term.& Val.lst M., g., gu., red. par.Me-o*&r
30
Monong. River RR., lstM.,g., gu. B. &O.Ce...o*
72
Little Kanawha Ry., 1st M., $250,000, g
Ohio
Ohio River, 1st mort. ($2,000,000), gold FP..0* 172
miles o*
209
Gen. M. ($3,000,000), gold, 1st on 39
33
Rav.Sp.A Gl. 1st M., $400,000, g., gu. p.&i.FPo*
11
Huntington Big S. 1st M. ($400,000), g., gu.o*
13
Mill Cr'k 1st M..g., gu. p.<fei.,end.c*&r
Rlplev
77
Pittsb. Clev. &Tol.lst M., g.,oalledl25 Feb.l..*03
L. E., 1st mort., ext. in gold
30
Pittsb. Newcastle
215
West., 1st (cons.) M. $10,000,000, g..o*
Pittsb.
3
Ellwood Short Line, 1st M., gold, $300,000. .G
Bonds Underlying
Me
&
&
&
&
&
&
&
.
W. Va. &P., IstM. g, 58,soaled;red.par.MeBa.o*
Leased Lines, Etc., Securities.
Bait. & N. Y. RR., 1st M., gold, guar.MeBa.c&r
176
Mon. Riv. Coal M., $1,500,000, g., s.f., red. at par
Schuyl. R. E. S. RR. 1st M., g., guar. p. & i., end.
8. 1. Rap. Tr., 1st M., $1 ,000,000, g., $ or S.Us.o*
....
Me
Ry., lstmort., $1,000,000, gold.
B. & O. Equipment Obligations—
Real estate and oar trusts April 30, 1904.
8. 1.
$7,000 Var.,
12
11
13
o*
or for Baltimore
&
Ohio.
VlRGI NIA
Y
RR.—
RR.— Owns road from
22 miles. In 1897 acquired control of
Annapolis Washington & Baltimore RR. Co., owning 3,575 out of 3,580
shares of its stock, all pledged under the mortgage, which was sold
in Dec, 1902, to the Washington Baltimore & Annap. Electrio Ry.
for $367,400. The $334,000 bonds were called and paid June 1,
1903. V. 75, p. 1301. Common stock issued, $358,000; there Is also
$500,000 of preferred stock authorized, but none issued.
Annapolis Snort Lino
Cliffords to Annapolis, Md.,
Dividends-
1899. 1900. 1901.
1902. 1903. 1904.
) 1898.
7**
7*3
6
5
6
6
Percent.
7
5
Year 1903-04, gross, $167,693; net, $61,485; taxes, $6,098; div., 713
p.C, $26,850; surplus, $28,537 —(V. 76, p. 809 )
Atlantic Ry.— Owns Claiborne to
Baltimore Chesapeake
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Claiborne to Baltimore, 42 miles, transfer Is made by water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. RR. and allied lines. V. 69, p. 541, 590; V. 59,
p. 371. Pref. stock, $1,500,000 5 p. 0. cum.; common, $1,000,000.
In 1902-3, gross, $857,372; net, $206,540; other inc., $7,109;
Interest, $62,500; extraordinary expenditures,
taxes,
$2,176;
$111,922; balance, sur., $37,051.— (V. 71, p. 11 64.)
&
Baltimore &. Cumberland (RR. and Ry.)—The Railroad extends from State Line, Md., to Waynesboro, Pa., 4*55 miles; stock
$76,700 in $50 shares. The Railway extends from Edgemont, Md., to
State Lice, Pa., 3 miles; stook, $42,500 in $100 shares. Both are leased
to Western Maryland RR. for 50 years from July 1, 1879, with privlege of renewal or purchase; rental, interest on bonds.
& Cumberland Valley Extension RR.—Waynes-
boro to Shippensburg. Pa., 2652 miles. Leased to Western Maryland
RK. for 50 yearsfrom July 1, 1881, with privilege of renewal for interest on bonds and divid. on stock, amounting in all to $42,730. See
table above and V. 75, p. 665. Year ending Sept. 30, 1900, gross
earnings, $301,096, against $269,695 in 1898-9; net (over taxes),
$168,007, against $134,548.— (V. 75, p. 665.)
Baltimore & Harrisburg RR.—Emory Grove, Md., to Orrtanna. Pa., 59 miles, with branches, 7 miles, total, 66 miles. Leases
Bait. & Harrisburg Ry., Western extension, Orrtanna to Highfleld, 15
miles, guaranteeing interest on its bonds Leased to Western Maryland
RR. for 50 years from Oot. 25, 1886; rental, interest on bonds and 5
on preferred stock <all paid
& N.) Stock, common, $690,000;
p
M
pref.. $29,100. -(V. 44, p. 812.)
Baltimore «fc Ohio RR.— ( See Map).— BjOAH.—Operates fromBaltito Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being in July,
1903, 3,935 miles. The " Royal Blue Line " (see Central RR. of N. J.)
gives the road access to New York.
The system embraces, subject to the mortgages, the following lines:
more
Pittsburg
& Western
& Toledo
Pittsb. Cleveland
T219
77
83
17
11
80
Branches to Fairmont, W. Va., etc... 68 Clev. Terminal & Valley
88
South W. Div. S%% M.Cleveland Lorain & Wheeling Ry.
Belpre, O., via Cincin. to St. L.. etc. 930
Wheeling to Cleveland, eto
T192
PitU. Jwnc. 314% M.- (384 miles)Afites Ohio River RR. Lines.
Bellalre to vi idland City, O
)
Benwood to Wheeling, etc
T265
«»,
Shawnee to Sandusky, O
West Virginia Short Line RR
58
J
Pittsburg Junction RR
7 Ohio & Little Kanawha RR
72
P.L.E.&W.Va.SwAH, M.(*l,642m.)
West Virginia & Pittsburg
176 Total of all (adding Baltimore
Belt and oth er lines)
4,397
» Includes 384 m., also covered by Pitts. Jet, 1st M. T See this cempany.
In 1901 acquired majority of stook of Cleveland Lorain & Wheeling
RyJV.72, p, 480), Ohio River RR. lines (V. 73, p. 81) and entire stock
of West Va. Short Line RR. (V.73, p. 235), in all 515 m. of road, and
began operating them, the C. L. & W. from Feb. 1, 1902, and the latter
two from Aug. 1, 1901. The Ohio & Little Kanawha, 72 m., and Pitts.
West, were acquired Nov., 1901. V. 73, p. 1263, 1356.
History.— Receivers were appointed in February, 1896, but on July
1, 1899, the road proper was returned to the oompany, the reorganization plan (In V. 66, p. 1235,) having been consummated without
foreclosure and the road vastly Improved In physical condition.
A
5
5
6
6
do
&
&
&
&
8g.
g.
1
do
do
do
do
fio
Various.
July
July
Oot.
do
do
do
J.
do
N.
do
A.
do
do
do
do
do
do
do
Allegheny, Pa.lstN.Bk.
City.
Co.'sOffloe,2 WallSt.N.
J.
eft
hand
&
&
&
<fc
New York, 2
J.
J.
J.
J.
Y
Wall
St.
N. Y., Guar. Trust Co,
do
Oct.
June
Jan.
Nov.
Feb.
Moh.
do
column balance being owned
,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
June
1.
Apr.
1,
1,
1,
1,
1,
1,
1,
1,
1,
Aug.
July
Aug.
Oot.
June
Morgan A Co. July
New York
do
do
5g. M. & N.
5g. J. & D. Bait., Am. Bond'g & Tr,
4g. J. & D.
6g. A. & O. N. Y., foot Whitehall 8t.
New York City.
4 Jag. J. & D.
4g.
Sept. 1,
Jan.
do
do
do
do
do
do
do
do
do
do
do
do
O.
D.
N.Y., J.P.
1,550,000 3 in 1904 J.
5 g. J.
3,360,000
5g. J.
151,000
in tirst
O.
6g.
6g.
4g.
4g.
5g.
4g.
X350.000
876,000
wn
do
do
5
300,000
4,000,000
100
211 1893
1,000
211 1895
1.000
"Tot nl issu ed" sho
8.
J.
J.
J.
&
J*
g.
1,581,536
7,000,000
Cnmberland to Pittsb. & W., eto. 356 Pittsb. Painesv. A Fairport
1st M. 1%.— (681 miles)
Eastern Ohio
Baltimore to Philadelphia and brs.137 Trumbull & Mahoning. ..
378 Mononirahela River RR
Chicago, 111., to Akron
g.
4L, g.
1.000
;
.
& Tr.
Co. sOtflce.2WallSt.N.Y
<fe
&
&
&
5g. A. A
5,000,000
xl,000,000
511,000
Owns from Vail Station, Pa., to LookBald Eagle Valley
branches to Sugar Camp, etc., 43 miles.
haven, Pa., 51 miles
Leased to Penn. RR. Co. for 99 years from Deo. 7, 1864. Rental, 40
per oent of gross earnings. Rental 1903, $359,998; other inoome,
$19,677; int., taxes, eto. (inol. $11,495 extraord. expenses), $52,504;
div.(10 p.c), $140,625; bal., sur., $186,546. Rental in 1902, $328,091.
Pennsylvania RR. Jan. 1, 1904, owned $706,250 stock.— (V. 66, p. 708.)
M—
5
M.
J.
J.
J.
5g.
5g.
5,000,000
890,000
950,000
5,491,000
700,000
228,000
2,000,000
2,941,000
376,000
303,000
50,000
529,000
83,000
2 816,000
1,000
1,000
1,000
1,000
1,000
p. o. thereafter.— (See V. 63, p. 512; V. 62, p. 318, 589.)
(1,076 miles) Miles.
Prior lien 3H%
Bait, to Wheeling, Belpre. O.. etc.. .721
7
6g.
1889
1895
1903
1883
1893
Leased to Erie RR. Feb. 26, 1896, in perpetuity at 2*a p. o.
on stock for 4 years from Jan. 1, 1896, 3 p. o. for 1 year more and 3 1*
Baltimore
4*3 g.
638,000
*959,000
*250,000
* 19 1,000
1893
1,000
1896
1,000
1900
1,000
1895
1,000
1889
1,000
1900
1,000
1886
1,000
1887
1,000
1890
1,000
1892
1,000
1888
1,000
1882
1.000
1878 100 Ac.
1,000
1887
1890
1,000
1,000
1890
Avon Geneseo & Mt. Morris RR.—Mt. Morris to Avon, N.
&
Various N. Y., Farmers' L.
48.
18 miles.
Baltimore
1,009,000
1886 $1,000
1869
1,000
1882
1,000
1894
1,000
1887
Wash INGTO N.
*
g.
s.
1901
5ifl
Car trusts, gold, $1,000,000 due annually. S....0*
Baltimire <£ Potomac— Bee Phila. Baltimore &
Bangor <6 Aroostook—Stock, see text.
o'
1st mortgage ($16,000 per mile) gold.G
2d mortgage, gold. U am
x Largely owned by
Bonus— .PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stock*— Last
Rate
Dividend.
Whom.
Per oent. Payable
UTHW ESTER n Dmsi on 3*38.
-
1751
Jan.
Apr.
May
Deo.
June
Jan.
June
1,
1,
1,
1,
1,
To Deo.
1930
1909
1922
1922
1907
1933
1936
1930
1995
1919
1950
1936
1937
1920
1923
1908
1922
1917
1917
1920
1990
1939
194S
1925
1913
1943
31, '10
July 1, '04,li3
Jan. 1, 1943
July 1, 1945
by B. & O.
&
O. Southwest, was effected and new
The reorganization of the B.
securities issued in Sept., 1899, per plan in V. 67, p. 688, the oonsol.
mortgage of 1893 having been foreclosed, and the road virtually
merged.—V. 71, p. 1218. In January, 1900, new securities were issued
under the plan of reorganization of the Cent. Ohio and other leased
iines. V. 67, p. 688,1109,1206,1356.
In 1901 $61,837,500 (virtual control) of the
Reading Co.,
$140,000,000 Reading Co. stook, consisting of $12,130,000 first preferred, $28,255,000 second preferred and $21,452,500 common was
&c—
acquired, the Lake Shore & Michigan Southern Ry. Co. (Vanderbilt
system) taking about one-half. V. 76, p. 101. In 1903 a one-sixth interest in $6,924,200 of the $11,000,000 Hooking Valley Ry. common
stock was acquired. V. 77, p. 1225.
Pennsylvania RR. Interest.— The Pennsylvania RR. Co. purohased
a large interest in 1900-01 and on Jan. 1, 1904, owned directly $21,480,000 preferred and $30,293,300 common stock; also through the
Northern Central $1,000,000 preferred and $781,500 common stook,
and through the Pennsylvania Co. at least $15,200,000 preferred and
$15,000,000 oommon stock. V. 70, p. 76; V. 74, p. 528; V. 78, p. 1276.
Stock.—Authorized issues: Common, $125,000,000, see " General
Finanoes" below.; pref. 4 p. c. non-oumula live, $60,000,000; outstanding, see table above and " General Finanoes." Pref. stock dividends
(See V. 71, p. 1166, and edit., p. 1143; V. 72, p.
are limited to 4 p. c.
1186.) Voting trust dissolved in Aug., 1901.
1903.
Dividends (p. 0.)
1900. 1901. 1902.
1904.
)
4
4
4
Common
2
4
>
4
Preferred
4
4
)
Bonds.— (1) Prior Lien 3*$%, a first lien on main
line
4
4
and branohes,
Parkersburg branch and Pittsburg division, about 1,076 miles of
track, and 1,325 miles of second, third and fourth tracks and sidings, and also all the equipment now owned of the value of upwards of
820,000,000, or hereafter acquired. Total authorized, $75,000,000, of
which $5,000,000 to be issued only after Jan. 1, 1902 (at not exceeding
$ 1,000,000 a year) for the enlargment, betterment or extension of the
properties oovered. See application to list, V. 69, p. 30; V. 78, p. 1906.
(2) First Mortgage 4 per cent Gold Bonds, Due July 1 1048, but subject
Co call, in whole or in part, after July 1, 1923, at 105; a first lien on
the Philadelphia, Chicago and Akron divisions and branches and the
Fairmont Morgantown & Pittsburg RR., oovering about 581 miles of
first track and about 573 miles of second, third and fourth tracks and
sidings: also on the B. & O. Terminal property and the Baltimore Belt
RR. They are also a lien subject to prior lien mortgage upon main
line, eto. See application to list, V. 69, p. 30; V. 79, p. 211.
Total authorized Issue in no oaseto 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 mortgages (1) and (2), or for
extensions, additions or equipment, at not exceeding
$1,500,000 a year for the first four years and at not
exceeding $1,000,000 a year thereafter, originally. . .
27,000,000
(3) Southwestern Division 1st Mortgage 3*3 per cents.
Virtually a first lien upon the properties constituting the B. & O. Southwestern RR. system, or the
securities representing the same, covering about 930
miles of first traok and about 401 miles of second
track and sidings. Totalissue
$45,000,000
Of whioh issuable only at the rate of not exceeding
$1,000,000 per year for the enlargement, betterment
or extension of properties covered, originally
j,ooofioa
(4) B. dk O. Pitts. Jun.dk Mid. Div. 3^ per cents.
Exoected to be ultimately a first lien upon the railroads of the
Cen. 3. system and Pitts. Juno. RR. Co., 385 miles in allTotal authorized issue in no oase to exceed
$20,000,000
Of which 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 mortgage
5,000,00a
tirst
Of which in partial exchange lor old bonds
10,560,000
Sold to a syndicate for cash requirements
4,000,00c
Balance for contingencies
431,00
Of these bonds $6,175,480 are In hands of the publlo and $7,635,050
are pledged as part collateral for Pitts. Lake Erie & West Va. System 4s.
Note.—The underlying bonds still outstanding in July, 1903. are in
table at top of page. The underlying stocks still in the hands of the
public aggregated $5,027 par value.
(5) Pittsrmrg Lake Erie dk West Virginia System mortgage refunding
4 per cent gold bonds (authorized amount $75,000,000) are a lien on
1,642 miles, consisting of the Ohio River, Oleve. Lorain & Wheeling,
Pittsburg & Western, etc., forming a direot connection with Pittsburg,
Cleveland, Fairport, Lorain ana Sandusky, subjeot to underlying
bonds outstanding thereon (see table above). In July, 1903, $27,784,050 additional underlying bonds, Inoluding $7,635,050 Pittsburg Junction & Middle Division 313s, were held in trust as pa -t seourity. Of
the total Issue of bonds $20,000,000 were sold In Feb., 1902, $40,000,000 were held to retire underlying bonds outstanding (of whioh $12,-
1752
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
)
,
:
RAILWAY STOCKS AND BONDS
Oct., 1904. j
RAILROADS.
For explanation of ooluinn headings, &c,
on first page of tables.
Ban.
<6
Ar.(
see notes
Con )— 1st M. Piso.D.,$l,500,000,g.G.O*
Co.*
1st M., $500,000, g
Co*
Aroostook No. 1st M., $225,000, gold
Consol. refund'g mort., $20,000,000, gold.OB.o*
Aroostook County tv>n<is (assumed)
Car trusts, $60,000 due A. <fe O. yearly. G
Bangor & Portland— 1st mortgage, gold
Bath Extension mortgage, gold
Bath & Hammondsport— 1st mortgage, gold
Second mortgage, gold Ce
Beaver <£ Ellwood— 1st mortgage, gold
Beech Creek— Stock (guaranteed 4 per cent by end.)
c&r
1st M., g.guar. p. & 1. (end.)
2d M. for $1,000,000, g.gu. p. & 1. (end.).Un.C5cr
Clearf.Bltum.CoallstM.,int.gu.by Bh. Cr.,gold.c
Beech Or Ext.— 1st M., $i, 500,000. g., gn.p.&.f.G.o*
Bel Hugh. Bay dt Brit. Cot —1st M.. $1,000,000, g..s.f.
Belt L. iJv- of Montgomery— 1st M., lawful money.o
Belt RR <6 Stock Yard of Indianapolis— Stock
Preferred stock, cumulative
1st mortgage for $1,000,000, currency
o*
Belt Ry. of Vhattano ya— 1st M., gold, HeBa
K
$4,000,000
I
gnar.by Urited
'
Date
Size, or
of
Par
77
e. f
1899
1899
1897
1901
33
15ia
359
'92'9
'96'00
'80-'86
1900
1889
1893
1899
10
10
3
160
160
160
M
1
1901
1890
1881
1895
25
r
r
o*
$1,000
1,000
1,000
1.000
1,000
100 &c.
50
50
l,ooo
1,000
50
82
82
82
1885
1887
1893
1903
1,000
1,000
1,000
i,o<>o
100
30
30
1898
1898
1,000
1,000
agreement in V. 67, p. 1310),
has been operated sinoe Sept. 1, 1899, under a 99 years' lease, for 4 per
cent on the mortgage, to be appropriated to payment of bond Interest,
the B. & O. having the option for 5 years to purchase the bonds at par
and accrued interest on 60 days' notice. V. 69, p. 439.
The B. & O. purchased Feb. 1, 1903, at 125 $1,864,000 of the $2,393,000 Pittsburg Cle* e. & Toledo bonds. V. 70, p. 632 V. 76, p. 47.
Finances.— In September, 1901, the authorized issue of common
stock was increased from $45,000,000 to $60,000,000, to provide
for conversion of $15,000,000 debenture 4s Issued in March, 1901, for
improvements, etc. (V. 72, p. 282, 337). In July, 1903, $14,408,000
debentures hud been converted. Stockholders In 1901 subscribed to
(see
;
$22,537,200 additional common stock, at par, [V. 73, p. 1159; V. 74,
p. 150, 266,] anil In 1902 to a further $42.31t\860 at same price, raising
the amount outstanding to $124. 2t 2,000. Of the proceeds of this last
issue, $20,53o, 000 is applicable to equipment, $9,329,000 to doubletracking between Newcastle and Akron and miHcellaneous construction, and the remaining $12, 454,000 to acquire stocks, bonds, etc., to
be placed under the Pittsburg Lake Erie & West Va. System mortgage.
V. 75. p, 549, 980.
In Nov., 1903, $5,000,000 first 4s. $3,000,000 prior lien 3^8 and
$l,6i)O,iiO0 Southwestern Division 3^s were sold for additions and
improvements. V. 77, p. 1873. 174\ 2097.
In 1904, $10,000,000 of i year 413 p. c. notes were sold, secured by
a deposit of Reading Co. first and second preferred stoch, with a
margin of 25 p. c, the company to have the right to substitute other
satisfactory securitl s. The proceeds will be used in part to retire
the $2,^00,000 Staten Island Rapid Transit bonds, called for payment on May 28. 1^04. V. 78, p. 1446.
As to Reading Company stock, see also above.
The $10,000,000 equipment bonds of 1901 are due $1,000,000 yearly.
Earnings— From July 1 to Sept. 30, 1904 (3 months), including B.
& O. Southwestern in both years, were
Gross, $17,193,654; net, $6,751,586
1904
Gross, 17,881,984; net, 7,164,776
1903
Earnings of July, 1904, based on 3,948 miles, being entire system
(4,397 miles) except
Valley h R. of Virginia, Ravenswood Spencer & Glenville, Ohio & Little Kanawha, Cleveland Terminal & Valley, Cleveland Lorain & Wheeling.
Annual Report.— Report for year ending June 30, 1903, was in V.
(See also editorial, p. 2004.) Average rate per ton
77, p. 2032, 2040
per mile, 5*56 mills in 1902-3, against 5-28 mills in 1901-02; average
revenue train-load, 416 tons, against 411 in 1901-2.
Advance statement for 1903-04 was in V. 79, p. 266.
1901-2.
1903-4.
1902 3.
Year ending June 30—
3,884
3,935
Miles
Freight
($47,756,251 $43,779,7*6
)
11,238,537
Passengers
£$65,071,081 3 12,520,988
3,172,395
2,874,172
Mall, express, eto
(
>
Net earnings
(net)
$65,071,081
43,628,864
$63,449,633
39,569,964
$57,892,495
37,006,984
$21,442,217
$23,879,669
1,222,991
$20,885,511
930,096
*2,509,458
Total net income
$23,951,675 $25,102,660 $21,815,607
$8,934,919 $10,162,h33
Interest and rentals
}
1,175,062
1,239,726
Taxes. ...
... £$11,646,057
1,303,939
1,109,8*3
Discount, commissions, etc..
Dividends on pref. stock
(4)2,400,000 (4)2,400,000 (4)2,400,000
common stock.. (4)4,970,482 (4)4.970.482 (4)3,039,848
do
2,500,000
3,500,000
Addition s and improvements
<
<
I
Balance, surplus
$4,935,136 x$2,947,680 x$l,233.925
differs from that shown in pampnlet report owing to method of
Charging common stock dividend, the above being used for simplicity.
•Not a nt-t i'em in 1H03-C4: thic ittm will be decreased and charges correxSurplus
spondingly increased in
final figures.
Executive Committee.— Oscar G. Murray, Chairman; J. K. Cowen; S.
M. Prevost, John P. Green, James MoCrea and Samuel Rea; Pres.,
Oscar G. Murray; 1st Vice Pres., Geo F.Randolph; Sec, C. W. Woolford; Treas., J. V. McNeal. The Pennsylvania RR. is represented on
the board by 8. M. Prevost, John P. Green, Samuel Rea and James
McCrea. Other directors:
John K. Cowen, James Speyer, Edward H. Harriman Norman B. Ream,
Jacob H. SchiH, Char ea Steele, James Stlllonan, Edward R. Bacon. Representing State of Yd., L. Vicior Baugnman. A. P Gorman
N. Y. Office. 2 Wall St.- (V. 78, p. 1906; V. 7t<, p 150, 211, 266,268.)
Baltimore & Potomac UK. -See Phila. Bait. & Wash. RR
Bangor & Aroosiook KB.— (See Map)— Oldtown, Me., northerly to
Van Buren, with branches; total 412
5
4
g.
g.
4ifl
5g. &.H
6
6
g.
g-
5g.
100,000
200.000
150,000
5
g.
4
g.
fl.000,000
4
5,000,000
1,000.000
4
g.
5
gg.
K.
g-
749000
4
3,500,000
659,000
200,000
3*2
5
6
7 In 1904
1,000,0' '0
& O
A. & O.
J. & J
Various
A. & O.
J. & J.
M. & 8.
J. & D.
A. & O.
J. & J
Q.-J.
J. & J.
J. & J.
J. & J
A. & O.
J. & D.
& j.
J. & J.
A.
A & O
r.
miles, viz.:
N. Y., Guar. Trust Co.
Jan.
1,
1943
do
do
Jan, 1, 1943
do
do
Oct. 1, 1947
N.Y.,BrownBros.&Bos. July 1, 1951
^pt 12Julvl5
N. Y., Guar Trust Co. To July 1,1910
N. Y., 26 Exoh. Plaoe.
1930-1936
do
do
Moh. 1, 1925
New York City.
June
In default.
N. Y.,
Grand Cent.
Sta.
do
do
do
do
N.Y., Knlckerb'r Trust.
N. Y., Gr. Cent. Station.
N.Y.U.S M&T.Co.&S.F.
N. Y. Metropol'n Tr. Co.
,
Indianapolis, Co. otHoe.
1,
1919
Apr. 1, 1923
July 1, 1918
Oct 1904, 1%
July 1, 1936
July 1, 1936
Jan. 1, 1940
Apr. 1, 1951
Deo. 1, 1932
Jan. 1, 1910
July 1/04, 3%
,
do
do
Oct. 1, '04, li«
Q.-J.
6
500,000
M. AN. Phila., W. H. Newbolds. Apr. 30, 1911
6
1,000,000
I.
& J. Bait., Merc. Tr. & Dep. July 1, 1945
5
275,000
Philadelphia, Pa. RR. Feb. 20,'04.5%
1.253,000 5 in 1904 Feb.
do
do
Sept. 1, 1925
M. & S.
4
500,000
do
do
Feb. 1, 1927
F. & A.
4
749,000
do
Jan. 1, 1933
J. & J.
do
4
500.000
3i3 g. J.
do
do
Jan. 1, 1943
J.
1,000,000
Stockbridge, Mass.
July, '04. 1^2
Q.-J. 15
6
600.000
8.
Mar. 1, 1922
M.
5
1,220.00
M. & S.
Mar. 1. 1913
5
150,0J0
&
&
I
425,000 are subject to call) and the remaining $15,000,000 are Issuable
for additions and Improvements. See full statement, V. 74, p. 266.
(6) The 4 per cent debentures of 1901 are convertible at the option
of the holder into common stook at par on 30 days' notice (see V. 73,
p. 1159); they may be called for payment at par and Interest on
any interest day, beginning Mar. 1. 1902, in the Inverse order of their
numbers. V 72, p. 282; V. 73, p. 337. 1158; V. 75, p. 549.
Leased Lines.— Schuylkill River East Side 5 p. c. bonds were
purchased Dec. 1, 1903, at 110, per V. 6b, p. 40, and $5,000,000 new 4s
Issued, guaranteed, i rin. and int., by endorsement. V. 77, p. 1745.
Other income
5 g.
5 g.
60,<i00
1.000
1,000
1,000
1,000
1,000
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Dae.
Rate per When Where payable, and by Stocks— Last
Payable
cent.
Whom.
Dividend.
$1,500,000
500,000
225,000
1,803,000
728,000
580,000
320,000
1886
1,000
1892
1,000
1891 100 &c.
1901 l.OOO&c
'82
Berkshire— Stock, 6 p. c. rental
Bessemer t6 ake Erie Eile equipment trust
Looomotive equipment trust.
Birmingham Belt- See St. Louis & San Francisco.
Bloomb'y dt Sullvan RR.— 1st M., $400,000.... FP
2d mortgage. Income, non-cum., $200.000. ..FP
Total gross earnings
Operating expenses
Outstanding
50
"59
r
os., s. f
The West Virginia & Pittsburg
Amount
Road. Bonds Value.
Van Buren Exten.
Belvidere Delaware— Stools. ($4,000,000)
(guar, by United Co's.s.f
Consol.
mortgage J guar, by United Co's.s.f
of 1 875
) issue $600,000 reduced by
Miles
of
1753
5
J.
5
400,000
200.000
J.
&
&
Jan.
Jan.
J.
J
1,
1,
1928
1928
Miles.
Miles.
Lines owned—
Brown ville to Caribou and br. .205 Ashland Jet. to Fort Kent.
96
Aroostook Northern, Caribou
Oldtown to Greenville and B. &
95
to Limestone......
16
K. Iron Works
Organization.—Organized Feb. 13, 1891. State of Maine refunds
95 per cent of
taxes levied.
all
For organization see V. 66.
p.
855.
was purchased in July, 1903. (V. 75, p. 977; V. 77, p 35.) Extension rrom
Katahdin Iron Works, north to Chesuncook Lake, 50 miles, was reThe Fish River RR., Ashland, Me., to Fort Kent, 53
miles,
ported to be proposed.
8tock.—Common, $1,550,000; 10.400 shares full paid and 100
nhares 5% paid. In July, 1903, $500,000 additional stock, included
above, was Issued to piu chase the Fish River RR. V. 77, p 35. First
semi-annual dividend, 1*2 p.c, was paid Jan., 1904; July, H^ p. 0.
Bonds.— As to gold 5s on Piscat. Division see V. 67, p. 1159; V. 68
Van Buren Extension 5s of 1899, V. 69, p. 952.
84, 329.
p.
Of the consol. refunding gold 4s, $12,500,000 were reserved to pay
off the outstanding bonds, inoludiug those of controlled roads, car
trusts and preferred stook, and to acquire such controlled roads, $3,000,000 for improvements over a series of years and $4,500,000 for
extensions at $25,000 per mile including equipment. V. 73, p. 286,
896; V. 74,
p.
93.
-
Latest Earnings.— 2 mos.,Sl904
(1903
July 1 to Aug. 31.
Gross, $329,828; net, $117,011
Gross, 328,974; net, 117,686
Sui plus over charges, $23,710, against $22,524 in 1903.
Annual Report- Report for year ending June 30, 1903, in V. 77,
In 1903-04, gross, $2,015,356; net, $756,414; oharges, $560,p. 1529
070; bettermenis, $79,5. 0: dividends (3 p. a), $46,500; bal., surplus,
$70,344 In 1902-3. gross, $1 .800,168; net, $669,609.— (V. 77, p. 1 629;
V. 7a, p. 47; V. 79, p. 211, 1704.)
Bangor
Portland By.—Portland to Bath, Pa., 29 miles;
Nazareth Jet. to Martin's Creek, 5 m.; other branches, 5 m.; total, 39
miles. Stock, $510,000, all acquired in 1900 by Delaware Laokawanna & Western RR. Dividend (6 p. c.) paid Jan. 15, 1901 in 1902, 5
p.c; in 1903, 4 p.c; in 1904, 7 p 0. For cal. year 1903, gross, $278,658;
net, $86,254; Interest and rentals, $44,948; div. (7%), $35,700; bal.,
sur., $5,406.
Itath A Hammondsport
Bath, N. Y.,to Hammondsport,
N. Y., 10 miles. Control acquired by Erie RR. in Oot., 1903. In Oct.,
1904, foreclosure suit unoer first mortgage was pending. Stock,
$100,000: oar, $100. Year ending June 30, 1904. gross, *33,029: net,
$12,502; int. and taxes, $16,391; bal., def., $3,889 —(V. 77, p. 1224.)
Bay of Qulnte By.— V. 74, p. 150
H*aver
Klwood
Ell wood Jet to Hazen Coal Mine, Pa.
3 miles Leased to Pittsburg
Lake Erie RR. for 20 years from May
1, 1899, rental being 40 p. 0. of gross earnings. Stock, $150,0i>0, par
of shares, $100. Bonds, see table above.
Beech Creek
(See Map adjoining N. Y. Central.)— Road
Jersey Shore, Pa.,to Mahaffey,113 m; branohes, to Philipsburg, to mines,
&
;
BR.-
&
BB.—
&
—
BB.—
&c, 47
160 miles.
October 1, 1890, leased to the N. Y. Central &
999 years at interest on bonds and 4 per cent
on stook, and sinoe May 1, 1899, operated directly as a part of its
Pennsylvania division. \.68,p. 872. Carries mostly coal and ooke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Central's guaranty of prin. and int. See V. 52, p. 570.— (V. 75, p. 1398.)
Beecb Creek Bxtennlon
—(See Map adjoining tf.Y. Central.)
miles; total,
Lease,
&c—From
Hudson River RR.
for
BB
—Clearfield, Pa., to Keating, 52-08 miles; Rossiterto Rosslter Jet., 3*21
m.; McElhattan to Browns, 121 m.; Cataract to PotterdtJe, 209 m.,
total, 58*59 miles; operated from July 1, 1902. A low-grade coal line
leased to N. Y Cent. & Hud River RR. (which owns entire $4,500,000 stock) for 999 years from May 22, 1901, bonds being guaranteed,
principal and interest.— (V. 73, p. 1356.)
Bellingham Bay
British Columbia
Whatcom to
Cornell's. Wash., with spurs. 51 miles; branoh from Hampton to Lyndon, 5 miles; tutal, 56^ miles. Stock, $ 1,000,000, all owned by New
York and San Francisco Dartles. Year ending Deo 31, 1903, gross
$227,956; net, $92,494; other income, *8 >7; int. and ta^es, $40,374;
bal., sur., $33,504. President. H. H. Taylor. -(V. 78, p 342.)
Belt Line By. of tlontgomery.—Owns real estate and a belt
line in Montgomery, Ala., about one mile of traok on Tallapoosa,
Bell, Perry and Columbus streets. Atlantic Coast Line RR pays an
annual rental of $1 ,000. The Atlantic Coast Line RR. owns about 92
per cent >f the stock. Capital stock is $200,000 par, $100. Year
ending June 30, 1904, gross, $20,375; net, $^,338; int. on bonds
$12,000; bal., def., $4,612.
&
BR.—
;
Belt Railroad
&
Stock Yard of Indianapolis.— Owns 14
miles of belt road, etc. Leased for 999 years to Ini. Union— which see.
Divid.— t Preferred in Common '95. '96. '97. '98to'o2. '03. '04.
Since 1894 $ full to date, stook p. 0. 5
5 yrly. 6*4
7
Pres., S.E. Rauh, Indianapolis, Ind.— (V. 77, p. 2389.)
4^0
Belt Hallway (or Chattanooga, Tenn.).— Owns 25 miles Of
belt railroad in Chattanooga, Tenn. V. 67, p. 72.
History.— reorganization of Union Ry. foreclosed June 17. 1895.
Leased till July 1. 1945, to Alabama Great Southern RR.; rental guar
anteed to meet interest on 1st M.. oonds, taxes and malutenanoe.
Stock Is $300,000, owned by A.u. Oreat So. Ry. The-e are also $24,000 seoond income 4s, due 1945, but subjeot to call at par July 1, 1903ooupons paid from Jan., 1901, to July, 1904, inoL.— (V. 63,p. 6qq.
A
RAILWAY STOCKS AND BONDS.
1754
[Vol. lxxix.
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akes
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SacoRi ve Voa'kHiny*'!
iANIN
,
MAP OF THE
3prlngyale^Alfred
>
^.uLOchester
BANGOR
&
AROOSTOOK
pach
KAILROAD AND CONNECTIONS.
V,i
acli
^
tsmouth
:
'
.
RAILWAY STOCKS AND BONDS.
Oct., 1904. J
1755
Bonds—Princi-
INTEREST OR DIVIDENDS.
RAILROADS.
"
Miles Date Size, or
Amount Rate per When Where Payable, and by pal, When Due.
of
of
8toc ks— Last
Par
For explanation of column headings, &o. see notes
Outstanding
Road. Bonds Value.
Payable
on first page of tables.
Cent.
Whom.
Dividend.
o*
<* Loyalton— 1st M.. $675,000, g.. call 110...
Boonville St. L. dt South. By.— 1st M.g.,$l,000,OOO.o*
Bog ton it Albany— Stock ($30,000,000 authorized)
1
Bonds (not mortgage), guar. p.
o
Bonds (not mortgage) $5,000,000
Bonds, $2,500,000, currenoy
.
Boston <k Lowell— 8tooTi.
Boca
A
Bonds, not
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
mortgage..
do
do
do
o*..
do
o*..
do
do
do
o...
56
44
394
1903
1881
100
....
1902
1893
1901
1,000
1,000
1,000
1892
1893
1895
& Maine gives
a rental guarantee i
Boston
lrtitt;
for 69 years.
1897-8
'99-'01
Boston (6 Maine— Stock, common and scrip.OB
Preferred stook, 6 per cent, non-cumulative. OB.
Improvem't bonds, s. f., not mort. or sub), to call
Improvem't bonds, s. f ., not mort. or subj. to call
cfer
Bonds (not mortgage) for Imp. &ref
c&r
Bonds, not mortgage, gold
Bonds, $5,454,000, g., secured by Fltchb. stook
Bonds, not mort., $1,000,000
Bonds, ($2,000,000) not mort.)
Eastern RR.certs.ofindebt.lstM.,g.,B.f.,notdrn.c
Portsmouth Great Falls & Conway 1st mort
o
e,
Central Massachusetts, 1st M. IB, assumed
Charles to w n land mortgage notes
Port. & Roch. Terminal bonds (no mort.) ass'd.o
Boston «e Prot>.—Stock, 10 p. o. guar. 99 yrs., Old Col.
Bonds, not mortgage
o*
Boston RevereBeach <& Lynn Stock
oMkr
1st mortgage, $1,000,000, gold.SB
1903
*85-'87
111
73
99
Var.
Boston Winthrop <fe Shore 1st mort assumed. IB
Boston Terminal Co.— 1st mort., ourrenoy.OB. .o&r
Bruce Mines <6 Al.— lstM.$250,000,gu.p.&l.red
9
5
17
1,000
100
1897 1000&0.
1886
1,000
1897 1.000&C
1902
500
|
Belvldere Delaware RR.- Owns from Trenton, N. J., to Manunka Chunk, N. J., 67. m.; FlemingtonRR.,&c, 14 in.; operated out-ofi
1 m.; total operated, 82 miles. Leased to United Companies, and transferred to Perm. RR. March 7, 1876. Net earnings paid as rental.
Stock.—Authorized, $4,000.000 outstanding Jan., 1903, $1,253,.
4
4
4
4
4
4
A J.
& J.
Various
A. & O.
F. & A.
M. & H.
do
J.
J.
J.
A.
J.
&
&
Boston, at
O.
J.
M. & N.
Q.-J.
M. & S.
Boston, at
1958
1913
1951
Jan. 1,
July 2/04,4%
1905-6-7-9
Apr. 1, 1932
Feb. 1, 1913
Office.
do
do
do
do
do
do
do
do
J.
&
do
1923
1911
*04,2
do
do
do
do
do
do
do
do
Mch.
July
1915
1916
Oct.,1917&18
1919 & 1921
May 1, 1928
1,
1,
Oct. 1, '04, 1%
8ept.l,'04, 3%
Feb., 1905-07
Office.
St.
Causeway
& A.
do
do
do
& A.
do
Feb. 1, 1937
do
& A.
do
Aug,
1942
do
4ia g. J. & J.
do
Jan. i: 1944
do
do
July 1, 1950
3 g. J. & J.
"
3ia
M. AN.
do
do
Nov. 1, 1921
do
3ia
do
J. & J.
Jan. 1, 1923
6g. M. & S. Boat.; Lond., Baring Br, Sept. 1, 1906
4ia
Boston, at office.
J. & D.
June 1, 1937
A. & O.
do
do
5
Oct. 1, 1906
Boston Office & Fed.Tr, Sept. 1, 1906
J.
J.
4
594,800
do
do
A. & O.
4
Oct. 1, 1907
113,500
Q.-J. Boston Term., room 526 Oct. 1, '04,21*
10
4,000,000
do
do
J. & J.
4
July 1, 1918
2,170,000
850,000 2 In 1904 J. & J. Offlce,or cheques mailed July 1, '04, 1%
4 lag. J. & J. Boston, State St.Tr. Co. July 15, 1927
561,000
M. & 8. Boston, State Nat'l Bk. Sept. 1, 1906
5
289,000
3ia
Text. Boston, State Nat'l Bk. Feb. 1, 194'
14,000,000
150.000
5g. J. & D. N. Y., Knlokerb. Tr. Co. June 1, 195W
Boston & Lowell BB.— Road— Owns Boston to Lowell, 27 miles
4
4
4
1,500,000
1,919,000
2,500,000
6,000.000
5,454,000
1,000,000
2,000,000
7,918,508
998,000
2,000,000
F.
F.
F.
<fe
500
100
'88-'93
—
1,000
Var.
...
8
500,000
750,000
414,000
3^
939.000
3i«
250,000
7 In 1904
23,838,070
6
3,149,800
1887
1,000
1892 1000&0.
1894
1,000
1900
1,000
1901
1,000
1903
1,000
1876 $&*
1877 500&C.
1886
1,000
1892
68
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
....
....
31*
1,000,000
6,599,400
3,675,000
1,000,000
1,000,000
100
.
1885-9
'
6g. A. & O N.Y. U.S.M.&Tr.&S.F Apr. 1,
(1)
6g. F. & A. N. Y., Amer. Ex. Bank Aug 1.
$400,000
25,000,000 See text. Q.-M. Boston, Of. Ter. Station Sept. 30,
do
do
Apr. 1,
3^ A. & O.
3,858,000
A. & O.
do
do
4
Oot. 1,
3,627,000
$1,000
1,000
Bennington
branches— Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
45 miles; Middlesex Central, 11 miles; leases— Connecticut
& Passumpsio, 146 miles; Nashua & Lowell, 15 m.; Peterborough, 10
m.; Northern N. H„ 83 m. (and subsidiary lines 90 m.); Stony Brook
RR.,13m.; Wilton RR., 15 m. Leases mostly assumed by Bost. & Maine
Leases.—Leased in 1887 for 99 years to the Boston & Maine at 7 per
cent per annum on stock till Jan. 1, 1897, and 8 per cent thereafter.
Stock and Bonds.— Stook authorized, $6,599,400. The debentures
were described on page 2, Supp. of April, 1895.
Boston & Maine BR.— Road—The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
(two divisions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jet.
and Troy, N. Y., Woroester, Mass., to Portland, Me., and all important places in New Hampshire:
IT See this company.
Berkshire
Boston, Mass. ,toPortland,Me.
;
000; par, $50. Dividends: 1897 to 1904, both inclusive, 5 p. o. yearly.
Bonds.— All of the outstanding bonds are secured by the oonsol.
mortgage of 1875 for $4,000,000; sinking fundi per cent of outstanding bonds if earned. The issues of 1885, 1887 and 1903 are guaran
teed by the United New Jersey RR. ACanalCo. Guaranty. V. 76, p. 918
Earnings.— In 1903, gross, $1,394,375; net, $235,255; interest,
taxes, etc, sink, funri and other oharges, $185,594; bal., sur., $49,661In 1902, gross, $1,121,127; net, $201,694.— (V. 76, p. 918.)
& Rutland By.— See Rutland RR.— (V. 70, p. 685
BR.—West Stockbridge, 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. o. on stock, paid
Q.-J. 15 at Housatonio Nat. Bk., Stockbridge, Mass. Lease to Housatonic RR. suspended but not oanceled. Stock, $600,000.
Bessemer & Lake Erie
RR.— Leases
Pittsburg Bessemer bo
others,
Lines owned.
Miles.
W. Div
Boston to Portland, E. Div ..
Conway June,
115
108
Me., to North
Conway, N. H
Portsmouth Elee Ry
Lines leased— (Ooncl.)
Miles.
Fitohburg
TT458
Nashua & Lowell
ffl5
Worcester Nashua & Rooh... 1T94
Connecticut River RR
1J80
Other
72
73
18
Traokage rights
54
Total operated July 1, 1904.. 2,290
2d track (3rd & 4th tr. 10) .
523
9
Lake Erie RR., Bessemer, near Pittsburg, Pa., to Conneaut Harbor,
Lake Erie, etc., with branches, a total of 213 miles, for 999 years
from Apr. 1, 1901; owns 10 m.; total 223 miles. V. 72, p. 137. Au-
Portland, Me., to Rochester,
N. H
No. Camb. Jet, to Northamp-
thorized to operate a railroad from a point of connection with the
Pitts. Bes. & Lake E. at or near Kremis Station. Pa., to a point on
the Jamestown & Franklin RR.. near Salem Station, Pa.;
Stock,
authorized, $500,000. Controlled by the Carnegie Co. and so by the
U. S. Steel Corporation. Guaranty of Marquette & Bessemer Dock *
Navigation bonds, V. 77, p. 1228; V. 76, p. 1358.— (V. 78, p. 1167.)
96 Controls Me. Cent, (which see). 816
152
St. Johnsbury & Lake Champ.131
Lines leased.
York Harbor & Beach
11
Boston & Lowell
Vermont Valley
11469
24
Concord* Montreal
Sullivan County
11477
26
Organization, Etc.—An agreement with N. Y. N. H. & H. regarding division of territory was made in 1893. V. 56, p. 464.
Stock.- Of the $23,838,070 stock outstanding July, 1904, $1,128,200 was held by trustees as collateral for Eastern RR. certs, of Indebtedness. V. 69. p. 129.
The stockholders voted on Oot. 8, 1902, to
issue $1,000,000 additional common stock (of which in July, 1904,
$200,000 had been sold) and $2,000,000 twenty year bonds for improvements and equipment. V. 75, p. 665.
Dividends. < '87 '88 '89 '90 '91 '92 '93 '94 to Jly, '99. To Oct., 1904
On common. ( 10% 9 9 913 9 8 8
6 yearly.
7 p. 0. yearly
Birmingham & Atlantic BB.—Talladega to
Pell City, Ala., 23
miles branches, Rogans to ore beds, 9 in., and Furnace to Weisingers,
3m.; total, 35 miles. Stock, $1,000,000, all common; par of shares,
$100. Bonds, $500,000 forty-year 1st 6s, due Nov. 1, 1931 ($1,000
each), int. payable M.&N.,in default. Year ending June 30, 1903, gross,
$63,165; def. under oper., $31,085; bond interest not paid. President,
Sidney H. March; Sec. and Treas., John Carlsen, 25 Broad St., N. Y.
Birmingham Col. & St. Andrews Bay By.— V. 79, p. 1461.
;
Bismarck Wnshburn & Great Falls By.— See Minneapolis
Paul & Sault Ste. Marie Ry.
Bloomsburg &. Sullivan BB.— Owns Bloomsburg to Jamison
St.
Stock is $600,000 ; par, $50. V. 66, p. 80, 952.
30, 1903, gross. $79,991; net, $37,530; Interest,
taxes, etc., $24,240; bal., surplus, $13,290.— (V. 66, p. 80, 952.)
City, Pa.,
30 miles.
Year ending June
Boca & Loyalton BB.—Owns
main line, northwesterly via Loyalton
additional main line and 10 miles
from Boca, on Central Paolfl
to Beckwith, 40 miles; 6 mile 8
branches; total, 56 miles.
also Roberts Lumber Co.'s property comprising 52,769 acres of pine lands, water-works
etc.; Mercantile Trust Co. of San Francisco is mortgage trustee.
They are subject to call for sinking fund at 110 and interest.
Earnings for year ending July 31, 1904: Railroad,
V. 76, p 1191.
fross, $145,126; lumber, gross, $228,088; total, $373,214; total net,
146,310.— (V. 76, p. 1191.
Boise Nampa Owyhee By.—Nampa to Murphy, Idaho, 30*45
miles, completed July, 1899. In 1901 was extended from Nampa north
to Emmett, 28 miles, under charter of Idaho Northern Ry. In Jan.,
1904, extension from Emmett to Garden Valley, 45 miles, was reported to be proposed. Stook, $l,000,000-par, $1 00. In Apr., 1903,
no bonds were to be issued "at present." Year ending June 30, 1902,
(58 miles), gross, $59,320; net, $25,581. President, E. H. Dewey.
Boonville St. Louis Southern By.—Boonville to Versailles,
Mo., 44 miles. Leased to Mo. Pao. till July 1, 1910, at annual rental of
$25,000, taxes, expenses, etc Stook, $250,000; par ol shares, $125.
Owns from Boston, Mass., to Albany,
Albany
Boston
N. Y., 200 miles; numerous branches. 104 miles; leased lines, 88 miles;
total operated, 392 miles. A consolidation of December, 1867.
Leased in 1900 for 99 years to the N. Y. Cent. & Hud. Riv. RR. for
guaranteed rental of 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc.], organization expenses, interest on
bonds, taxes, expenses of maintenance, etc The B. & A. received
for certain property not included in the lease $5,500,000 in N. Y.
Cent. 3ia per cent 100-year debentures, thus adding "77 per cent per
annum to 8 per cent guaranteed on stock. See lease In V. 69, p. 282.
V. 69, p. 1061, 1102, 1246; V. 70, p. 74; V. 71, p. 645, 963.)
Bonds of 1901 $2,500,000 were for terminal facilities at Boston, of
which $1,000,000 issued. V. 71, p. 1218; V. 72, p. 44; V. 75, p. 752.
Dividends—Cash dividends at the rate of 8 per cent yearly were
paid for many years prior to the lease. Since 1900 83i per cent, viz.:
2 p. o. each in Mar. and 8ept., 2 s* p. c in June and 2H p. o. in Dec
Earnings as reported to State RR. Commission by leasee:
Other inc. Int., divs, etc. Bal., sur.
Net.
Gross.
Year.
1903-4... $9,932,595 $2,793,121 $321,894 $3,354,836 def.$239,821
3.341,879 sur. 192,134
1902-3... 10,131, 309
3,159.901
374,123
-(V. 73, p. 1312; V. 74, p. 150, 629; V. 75, p. 732, 1301.)
Stock, $1,200,000; par of shares, $15.
&
&
&
BB.—
of
Bonds cover
ton,
Mass
Sundry branches
Bonds.— As to debentures see Supplement of April, 1895. Under
the lease of the Fitohburg RR. the B. & M. issued Its $5,454,000
fifty year 3 per cent gold bonds to purohase, $ for $, the same amount
of Fitohburg common stook held by the State of Massachusetts and by
private persons; V. 70, p. 175.
In 1901 $1,000,000 bonds were
soldforpermanentimprovements upon various leased lines and in Jan.,
1903 and 1904, $2,000,000; V. 73, p. 553, 783, 1111 V. 75, p. 665,
1301 V. 78. p 767. Notes payable October, 1904, $1,000,000.
The stockholders will vote Oct. 12, 1904, on issuing about $500,000
twenty-year bonds bearing not over 4 per cent interest to provide
balanoe necessary in addition to sinking fund on hand to retire
$1,000,000 improvement bonds falling due Feb. 2,1905. V. 79, p.
,v
;
;
1638,1641.
B. & M. guarantees $1,328,000 first 5s of St. Johnsbury & Lake
Champlain. Also interest on $274,000 Manchester & Lawrenoe 4s.
Jointly with M. Cent, guarantees $300,000 Portland Station bonds.
Earnings.— For 9 months ending Mar. 31
Oross.
9 mo*.—
Net.
Oth.inc. Int.,taxes,elc. Bal.. sur.
1903-4.. $26,105,225 $7,177,965 $386,761 $6,153,766 $1,410,960
1902-3.. 24,999,258
6,898,761
358,747
6,102,676
1,154,832
Annual Report.—Annual meeting second Wednesday in October.
Annual report 1903-04 In V. 79, p. 1 638, showed results as follows
Tear Ending June 30.
1904.
1903.
1902.
Miles operated June 30
2,290
2,282
2,265
Passenger department
$12,338,182 $12,116,115 $11,557,583
Freight department
20,788,779
19,965,457
18,732,089
Malls, express, eto
1,767,647
1,657,413
1,551,022
Total gross earnings
$34,894,608 $33,738,985 $31,840,694
Net earnings
$9,622,701
$9,505,613
$9,407,542
Net, includ. other Income
$10,199,585 $10,033,237
$9,997,444
Interest
1,482,296
1,401,332
1,366,997
Rentals
5,083,278
5,067,593
5,062,922
Taxes
1,633,270
1,619,119
1,629,514
Dividends
1,779,000
1,771,722
1,764,359
Sinkingfund
151,285
151,285
151,2 85
Balance, surplus
$22,186
$70,456
$22,367
Officers.— President, Lucius Turtle; 4th Vice-Pres. and General
Auditor, W. J. Hobbs; Treasurer, Herbert E. Fisher. Office, Boston.
Directors— Lucius Tuttle, Richard Olney, Walter Hunnewell, Henry K. Heed,
Boston; Joseph H. White, Henry M. Whitney, Brookline, Mass.; L. C. Ledyard.
Henry F. Dimock, C. M. Pratt, New York; Samuel C. Lawrence, Medford; A,
:
W.
Sulloway, Franklin, N. H.; William Whiting, Holyoke, Mass.; Alexander
Cochrane, Boston.
p. 767, 819; V. 79, p. 211, 901, 1638, 1641.
Boston Providence
Owns Boston, Mass., to Providence,
R. I., 44 miles ; branches, 20 miles. Leased for 99 years. April 1,
1888, to Old Colony RR.; rental, 10 p. 0. yearly c_i stock.— (V. 78,
p. 2010.)
— (V. 78,
&
BB.—
1756
RAILWAY STOCKS AND BONDS
[Vol. lxxix.
.
.
RAILWAY STOCKS AND BONDS.
Oct.. L904.]
RAILROADS.
Date
Miles
Size, or
INTEREST OR DIVIDENDS.
Per When When Payable, and
Amount
of
of
Rate
Par
For explanation of column heading, &c, see notes
Road. Bonds Value. Outstanding Cent.
on first page of tables.
Brunsvi. <£ West.— See Atlantic Coast Line RR.
r
Buffalo Greek— 1st mortgage
Cons. M., $1,000,000, cola, Interest as rental
Buffalo N. r. et Erie— See Erie Railroad.
Pittsburg—Com. stock. Tr
Buffalo Rochester
1882
1891
6
6
$1,000
1,000
&
Pref. stock, non-oum.; com. 6%; then pro rataTr
g., Rochester to Salamanca. Un.c*
R. &P. 1st
n c*
P. consol. M. , $20,000 per m. , gold, g
R.
B.R.&P. 1st general M. ($10,000,000) g...IJnc*
Lincoln Park & Charlotte 1st M., gold, gu. tln.o*
B. R. <fe P. oar trusts, gold, due semi-annually . .
Equipm't bonds, $500,000, g., s. f ., Ser. A. . G.c*
M
&
,
.
.
drawn
&
M
—
.
.
Oal.
Northw.—lBt M.,
g.
Bur
($2,000,000, gu. p &i.)
a.l. '
1294
12
1. 1 NOT ON&Q UINCY.
l.OOO
40 TK98
W
Net.
Gross.
Int.
A
taxes.
Div.paid. Bal.,surp.
$17,000
$81,132
$63,684
$606,357
$448
60,080
17,000
592
542,399
77,672
p. 68, 568; V. 67, p. 1000: V. 69, p. 953.)
Boston Terminal Co.— Owns Southern Union Depot In Boston
opened in 1899. V. 68, p. 40; V. 69, p. 591. Boston & Albany, New
England, Boston & Prov., Old Colony and N. Y. N. H. & Hartford RR.
Cos. each owns one-fifth of the $500,000 capital stock and pay as rental
In monthly instalments sums sufHoient to pay all expenses, charges,
These oompanies are
Interest on bonds and 4 per cent on stock.
Registered intJointly liable for any deficiency in case of foreclosure.
erest payable Q,— F.; coupons F & A.— (V. 69, p. 129, 591.)
1903-04
1902-03
—(V. 65,
Brock v lite Westport & Northwestern Ry.— (V.
75, p. 1252;
V. 76, p. 101, 211, 809; V. 77. p. 2097.)
Brooklyn <k Brighton Beach RR.—V.69, p. 228; V.75, p. 1353
Brooklyn & Rockaway Beach BR.— Owns road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3^ miles (of
which 3 miles double track), and operates ferry to Rockaway Beaoh.
Operations suspended during winter months. On Jan. 20,1903, Henry J.
Robinson was appointed receiver; foreclosure pending. V.76, p. 211,971.
Stock is $150,000; par, $50. Bonds, $338,000 gold 6s, due May 1,
1931, int rest in default since Nov., 18.9. Floating debt Apr., 1904,
$293,478; real estate mortgage, $30,030. Inyearending June 30, 1903,
gross, $4,032; def. under operating. $8,672; other income, $4,471;
int. and taxes, $27,843; balance, deficit, $32,043.- (V. 76, p. 971.)
AJgoma By.— V. 76, p. 704.
Brnce lUines
Brunswick Birmingham Kit.— See At A Birmingham Ry.
(3-/«. gauge.)
Buffalo Bradford
Kane
Owns Bradford to Smethport, Pa., 26 ll miles. Leases Ormsby Jc to Mt. Jewett,
Pa. (Big Level & Kinzua RR.), 1048 miles, andMt. Jewett to Kane, Pa..
(Bait. & Ohio) 11-49 miles. Total 48-08 miles. Sucoessor to the Bradford Bordell & Kinzua Rv., acquired from purchasers at foreclosure
Susquehanna stockholders are interested.
on Feb. 1,1904 Buffalo
V. 77, p. 1 745, 2279, 2338; V. 78, p. 1 01 Stock, *30o.000; par of shares,
$100. Pres., M. E. Olmsted; Sec. and Treas.. F. A. Lehr.— \,V. 78,p 101.)
Buffalo Creek
Owns 6 miles of terminal road in Buffalo
N. Y. In December, 1889, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capital
stock of $250,000. Dividends in 1898-99 to 1903-04, incl., 7 p. c. yearly:
Buffalo Rochester
Pittsburg Kail way.— (See Map.)— Oyer.
ates from Buffalo and Rochester, N. Y., to the bituminous coal region?.
Lines owned in fee
Miles.
Trackage (Con.)—
Miles.
Buffalo Creek, N. Y., to Howard
Penn. RR.— Penn. RR. Jet. to
Juno., Pa
81
Vintondale, Pa
18
Clarion June, to Lindsey, Pa. . 60 Other
5
Rochester to Ashford, N. Y
94
Leased—Entire st'k own'd
Charlotte, N.Y., to Lincoln P'k. 10 Johnsonburg & Bradford RR.Indiana branch
63
Howard Juno, to Mt. Jewett. 20
Five branohes to mines
19
Leased Stock not owned.
&
&
1
.
&
RR.—
-
&
.
RR.—
&
—
—
—
Trackage—
Allegheny & Western— II
Erie—Mt. Jewett to Clarion J. 21
Punxsutawney to Butler, Pa. 60
Pitta. & West.— Butler, Pa., to
Clearfield & Mahoning— If
Newcastle
41
Clearfield to Beech Creek RR. 26
Rib old Jc, Pa., to Allegheny
Mahoning Valley RR
2
City.Pa
33
Total July, 1904 (ITSee separate statement for this company) .bi 3
Organization, Etc.—Successor in Maroh, 1887, to the Rochester &
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorganization
in V. 41, p. 516. The entire capital stock ($4,000,000) of the Rochester
& Pittsburg Coal & Iron Co. is owned (V. 66, p. 1088) and through that
company in May, 1896, control was acquired of Jefferson & Clearfield Coal & Iron Co. (see Miscel. Cos.) with $3,000,000 stock. For
bonds of these coal oompanies see table above. Clearfield & Mahoning
securities are guar. Allegheny & Western, see below. In Aug., 1901,
allied interests purchased upwards of 25,000 acres of coal lands in Indiana County, Pa., a 28-mile branch to Ernest, Pa., was completed
Aug, 1903; also 35 miles additional to reach coal lands near Vinton.
.
dale, Pa., 18
miles being traokage.
V. 75, p. 183, 347.
A
19-mile
branch to other coal lands in Indiana Co., Pa., acquired in Dec, 1902,
by the same interests, was completed July 1, 1904. V. 77, p. 354.
Stock.— Common stock was authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000; of the new stock $1,000,000 was
issued July 1, 1902, in exchange for $1,000,000 convertible debentures, and of the balance stockholders subscribed to $1,300,000 at parthe proceeds to be used to build 45 miles of new road, the remaining
$700,000 being subscr'bed by stockholders at par in Feb., 1904,
to build 19-mile branoa. See above. V. 75, p. 183, 347; V. 73, p. 1009;
V. 74, p. 125o; V. 77, p. 354; V. 78, p. 228.
Dividends
Preferred.
Common
(p.
1226666
c))'93. '94-96. '97.
$
1\
J
..
..
'98. '99. '00. '01. '02. '03.
4
1,500,000
1,588,000
1,000,000
691.000
1,055,000
1,250,000
3,000,000
50
500 <fec.
298,000
1901 l.OOO&c
4,317,000
1903 1.000&C
2,50 ,000
100
7,150,000
1876 100&0.
6,500,000
1881
1,000
1,905,000
1884 l.OOO&o 11,000,000
1877
500
150,000
....
Boston Revere Beach & Lynn RR,.—Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company's ferrv boats; Boston Winthrop & Shore Div., East Boston to
Winthrop, 5 miles, with branches 3 miles. Of the 4^8 of 1897 $289,& S. 5s; balance unissued is for improve000 reserved for Boston
ments. (V. 65, p. 68.) Notes payable July 1, 1903, $295,000.
Dividends. ) 1888-91. '92. '93. '94. '95. '96. 1897 to July, 1904
2 yearly.
3
Percent. J 7 yearly. 5*3
5
4^ 4
Earnings.—Year ends June 30.
Tear.
9,000,000
6,000,000
1,300,000
3,917,000
4,427,000
350,000
196,000
500,000
2,000,000
1,839,000
N'ne Oct. '04
4
5*3
1904.
6
6
J.
J.
5g.
in
in
1904
1904
6
6
5
5
g.
g.
g.
g.
&
&
&
&
&
&
<te
J.
J.
do
S.
J.
D.
g
4i« g
994.000
<fe
5
A.
s.
<fe
O.
Due.
Stocks— Last
Dividend.
& Tr.
Jan.
Jan.
do
do
do
do
do
do
do
do
do
do
do
A.
& N.
& N.
N
4>3g
& N,
4>a g.
F. & A.
J. & D.
J. & D.
M. & 8.
M. AN.
4*2 g. F. & A.
Q.-M.
4
5 g. A. & O.
J. & J
4 g.
4>2g. M. & N
J. & J.
6
J. & D.
5
5 g. A. & O.
5 g. A. & O.
7g. J. & D.
pal, When
by
N. Y., 36 Wall Street.
D.
<fe
5 g.
4^
N. Y., Farmers' L.
A.
A.
<fe
Bonds— Princi-
Whom.
Payable
6
$178,000
621,000
1893
869
B.C.R.&N. con. 1st M. & col. trust, gold. .. F.o*<fer
Minneapolis & St.Louis, 1st M., gold (assumed) . re
Missouri Valley— Bee Chicago
1,000
1,000
1,000
1,000
1,000
1899
1900-1
...
Tr,
Burlington Cedar Rapids <k Northern— Stock
F o*<fer
1st mortgage, lawful money
con. 1st M.,g., guar.Ce.c
Ced. Rap. I. F. & N. W.,
<&
1896
1896
1886
1896
1902
1887
1889
100
Usm.o*
at 105
c
Iron, 1st M., g., e f.
Roch. & Pitts. Coal
Helvetia, purchase money, mort.,g.,s. f.Ce..o*
of 1902, $2,000,000, g., red.; 05, s.f.G.o*
let
Buffalo <6 Susquehanna RR.— Pref. etk., 4% non-ou.
We.c*4r
1st M., g., 8. f., red. at par
let refunding mort., gold (see text). in i». -. c*&r
Buffalo <£ Susa. Ry —1st M.. $6,000,000, g.Us.oMir
Burlinato-
1902
1904
102
172
.
•90'98
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
....
....
....
....
....
....
B. & C, $1,000,000 each, g.. 8. f.G
D, $2,000,000, g., red. 105, s. f..
do
E, $2,000,000, g red. 105, 8. f
do
Securities of Allied Coal Properties.
Jefferson & Clearfield C. & I., pref. stock
G.c
1st M., g., sinking fund, druwn at 105
8. f.,
1881
1882
....
....
.-..
....
....
do
2d M., gold,
100
100
.
108
276
276
10
U
,
--
1757
do
do
do
do
do
do
do
do
do
do
Aug.15,'04,3%
Ang.15,'01,3%
Feb. 1, 1921
Deo. 1, 1922
1937
Sept. 1,
1, 1939
1904-1908
May 1, 1919
Jan.
May
1,
Nov.
May
Checks mailed.
N. Y., 36 Wall Street.
do
do
do
do
1907
1941
1,
1,
do
do
do
do
Aug
'20-21
1,
1,
1919
1922
15,'04,2i«
June
June
1926
1926
Nov. 30, 1907
May 1, 1946
Aug. 1, 1932
Sept. 1, '04,1%
Oct., 1913
Apr. 1, 1951
Apr. 1, 1953
1,
1,
& Robii son
N. Y., H. Fisk <fe Sons.
N. Y., Fisk & Robinson.
N. Y.. Fish & Robinson
N. Y., Corn Exch. Bank July 1, '04. 3%
N. Y., Central Trust Co June 1, 1906
N. Y., Fisk
do
do
N.Y.,
do
do
June
1921
1934
1927
Apr.
1,
1928
Apr.
Hanover Nat. Bk
San Fran.
1,
1,
1,
Oct.
* New York
Bonds.— General 5s for $5,573,000 are reserved for prior bonds, etc,
The $2,000,000 debentures of 1897 in the treasury in July,
1903 are convertible into common stock at par and subject to
call at 102 »a; they are to be secured by any subsequent mortgage unless made for refunding existing prior liens or for extensions exclusively. See V. 64, p. 706; V. 73, p. 1"0;>, 1 11. R. & p.
income 6s, $5,000. A sinking fund of 5 per cent will retire ser. A, B
and C equipment bonds annually on May 1, if purchasable at or below
par; otherwise to be applied to the purchase of a ditional equipment.
V 68, p. 1131; V. 71, p. 501; V. 73, p. 348. Series D and E l.ave an
annual sinking fund of 6 p. c. for purchase of bonds Sept. 1 and May 1,
respectively, at 105 and interest; if not purchasable, bonds may be
drawn by lot; Series E may also be called as an entirety at 105. Real
estate mortgages bearing 5 p. c interest, $304,000.
Gross, $1,384,411; net, $56", 137
Earnings.— 2 mos., > 1904
Gross, 1,469,659; net, 741,260
July 1 to Aug. 31. S 1903
Annual Report.— Fiscal year ends June 30. The annu.al meeting is
held at New York on the third Monday in November. The report for
1903 04 was given at length in V. 79, p. 678, 684; see also editorial,
p. 651. In 1903-04 carried 4,907,543 tons of bituminous coal (out of
7,619,349 total tons of freight moved), against 5,126, 14 in 1902-03.
1902.
1903.
1904.
1901.
Year end. June 30—
472
472
499
472
Miles June 30
$7,496,521 $7, "49,686 $6,292,584 $5,803,693
tfross earnings
$2,893,325 $3,028,082 $2,519,018 $2,394,661
Net earnings
1
48.233
20,662
$3,076,315
$724,049
$778,030
$2,539,680
$731,472
26,926
$2,421,587
Interest on bonds....
$710,158
259
Int. on floating debt
33
476.'. 51
472,669
477,698
473,726
Rentals
1,043,7^3
640,994
660,188
Special appro'ns, etc
552,365
Dividend on pref ....(6) :^0,000 (6)360,000 (6) 360,000 (6) 360,000
Dividend on com....( 6) 498,000( 4^)3 13,000 (4) 240.000 (2) 120,000
sr. $157,875 sr.$157,845
sr.$90,704 sr.$205,305
*Balance
* In addition to this surplus there was received from investments and "credited directly to profit and loss account" *3iO,oeo In lwoa-oi, $800,000 in 1902-03
and tluO.Oooin 1901-02.
Officers.- Prest,, A. G. Yates, Rochester; Vice-Pre»t., Adrian Iselln
Jr., N. Y.; Treas., J. F. Dinkey, Rochester; Sec, J. H. Hooart, N. Y.
Directors.— Henry G. Barney, A. G. Yates, A. Iselin, Jr., W. H. Peckham, H. I.
Barbey, Walter G. Onkman, C. O'D. Iselin, J. H. Hocart, A. Richard, W. iSmlen
Roosevelt, Krnest Iselin, Oscar Grisch, John L. Riker.
N. ^.Offloe, 36WallSt.-(V. 79, p. 678, 684, 170i.)
Other income
Total receipts
33,437
$2,9^6,762
Buffalo & Susquehanna RR.— (See Map. j— Operates a line extending from DuBois, Pa., to Well*ville, N. Y., with several branch
lines, including 20 miles leased. Total mileage, 227. This includes extension of 56 miles from Sinnemahoning southwest to Tyler, DuBois
and Sykesville, Pa., where recently a< quired coal properties are located; completed Sept., 1904. V. 79, p. 902. In Sept 1903, the Du
Bois Southwestern RR. was incorporated with $500,000 authorized
stock to build from Sykesville to South Bend, 50 miles. V. 77, p. 768,
1301; V. 78, p. 102. In Dec, 1903, the same interes's acquired the
Bradford Bordell <fc Kane. V. 77, p. 2338; V.78, p. 102.
Buffalo Extension. -An extension is also being constructed from
Wellsvilte to Buffalo, 84 miles, under charter of the Buffalo & Susquehanna Railway. See the Ry. Co. below and V.76, p. 593; V.74, p. 1037;
.
V. 75, p. 76, 665. 922.
Buffalo & Susquehanna Coal & Coke Co.-This company, tfre entire
stock of which is owned by the B. & S RR., owns coal lands at Medix,
DuBois, Troutvuie, Big Run and Plumville, Pa. These lands are estimated to be underlaid with upwards of 81,000,000 tons of coal and
are entirely free from liens. The DuBois prooerty is in aotive operation
V. r
,l, p. 13i)l.
Stock.— Common stooK, all owned by B. & S. Ry., $3,518,000; par of
shares $50.
In 1902 $4,000,000 4 p. c. non-oum. pref. stock was
authorized, of which $3,000,000 was sold. »ee application to list, V.
78, p. 2389.
Dividends.— On common, 4 p.c in 1895 and 5 p. c yearly since to
Oct., 1904, inclusive, paid Q-J.; on preferred, 1 p. c quarterly Mar.
since date of issue, beginning with Sept., 1902.
Bonds.—The 5 per cents of 1913 h*ve been reduced bv the operation
of the sinking fund and by refunding into 4s of 1951 to $324,500.
They are subject to call at par for sinking fund in order of numbers,
beginning with highest. V. 65, p. 234.
The 4 per cents of 1951 are secured by a first refunding mortgage on
the entire property, and are further secured by deposits of purchase
money mortgai^es amountingto $L,79",000on coal lands of Powhatan
Coal & Coke Co., about 3,945 acres. Of the bonds m t exceeding $3,760,000, including bonds set aside for refunding purposes, can be issued
on the 172 m. of road and the coal property at Tyler. Further amounts
may be issued at not over $25,000 per m. for the construction or acquisition of additional road; also for new terminals, 0' ntrolof coal properties and for new equipment. V. 73, p. 619
Total authorized issue,
$15,000,000, but additional amounts at $15,000 per mile may be issued for double-tracking mileage already covered by the mortgage.—
V. 73, p. 619, 899. A sinking fund of 3 cents per ton of coal mined is
provided for, to be Invested in the bonds if purchasable xt not exceeding 110 p. c; otherwise In securities legal for savings banks in the
State of New York.
RAILWAY STOCKS AND BONDS.
J7i8
GENERAL PLAN
TORONTON
IVOL. LXXIX.
CO&,<
OF THE BUFFALO TERMINALS OF THE
P£t«»*'
BUFFALO & SUSQUEHANNA RY. CO.
AND OF THE FUKN'ACE PLANT OF THE
BUFFALO & SUSQUEHANNA IRON CO.
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-
MAP OF THE
BUFFALO & SUSQUEHANNA
•/Bellwo&d
HAILUOAD
Xaltoona
AND
-
Creeadn /THollidayebq
bin;g
ITS
CONNECTIONS.
,
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.J
1759
Bonds— Pr in olpal.When Due.
of
of
Rate per When Where Payable, and by Slocks—Last
Par
For explanation of column headings, &o., see notes
Payable
Dividend.
Road. Bonds Value. Outstanding Cent.
Whom.
on first page of tables.
RAILROADS.
Miles
California Pacific— See Southern Pacific RR.
Cambria <t Clearfield— 1st M. ($2,000,000) g.GP.o*
Bell's
Gap
1st
Consol. M.
Clearfield
Pa.
s. f.
not dr'n
& Jefferson
&N.W.,
Tyrone
OnF.o'
OuP.o*
mortgage
1st mortgage.
GuP
gen. M., $2.500.000
& Clearfield 1st mortgage
30
46
76
o*
GuP.o*
Camden <& Atlantic— Bee West Jersey & Sea Sho
Camden <£ Burlington County— Stock, 6 p. ot. guar.
M
,g.,gu.p.<£i.byUn.N.J.RR.&Oan.Co.GP.c'
Canada Atl.— 1st M., g., Ottawa to Lacolle, &o.Fc"
Proposed new mort., S16.000.000, g.,guar. p.&i,
Ottawa Arnprior & Parry Sound, etc. bonds
Canada Mich. & Chic— 1st mort. See V. 63, p. 838
Canada Southern Stock
1st M. $14,000,000 (Can. money). SeeV.63.p.l88
2d M. for $6,000,000. Canad'n money. Do.do.c&r
1st
103
30
136
& St. Clalrlst M., gold, gu., p.&i.(end)... .c
Can. No.—L. Man. Ry.& Can.Co., $8,000 p. m. 1 g
Canadian Northern Division, 8,000 per m.. go
c
Manitoba & Southeast. Div.. $8,000 per m. P »
30
30
138
....
459
404
404
16
Learn.
Gilbert Plains Branch, $8,000 per mile ... )
Ontario Div. 1st M. deb., £72,000 are 4ias. 2°"
Manitoba Branch lines, *8 000 per mile
Manitoba Branch lines, $10,000 p. m. Text
Gunflim Branch. $10,000 per mile
Manitoba Provincial bonds, $8,000 per mile
Perpetual consol. debenture stock
Deben. stock, $13,000 p.m., guar, by Can. Gov't
1st land grant M., red. 110 (V. 75, p. 183,549)..
Imperial Rolling Stock, 1 st M., ser.A.part due y'ly
do
do
ser. B to F, $210,000 due y'ly
ser. G, $45,000 due yearly
do
do
Size, or
1891 $1,000
1880
1,000
1883 500 <feo.
1886 500 <fec.
1890
1,000
1882
Dividends— 5 '93.
....
....
....
-
-.
.
287
1896
....
• •••
....
1900
1902
....
....
....
P.
£100
4100
4100
£100
£100
1.000
$500
£100
£100
....
....
...
1902 $1,000
1903 $or £
1904 $or £
—
334 448866
'94. '95. '96. '97. '98. '99. '00. '01. '02
to retire prior bonds.
Since
V. 78, p. 234.
<e St.
to 1,400, for
&
&
interests.
V. 79, p. 680.
Stock. $3,000,000; issued, $1,566,000; par, $100. Bonds are issuable
at $25,000 per mile, being guaranteed by San Francisco <& North Pacific,
leased for net profits for 20 years from Sept. 20, 1898. For year
ending June 30, 1904 (205 miles), gross, $1,470,993; net, $330,557;
int., taxes, sink, fund, etc., $363,383; bal., def , $32,826.
Pres., A. W.
Foster; V.-Pres., Geo. A. Newhall; Sec. and Comp., Thos. Mellersh.
—(V. 73, p. 444; V. 76, p. 751, 1142; V. 79, p. 680.)
The Cambria
Clearfield Ry.—Cresson Jot. to Hoover's Mill
Branch Jet., 50 miles; Bellwood to Horatio, 61 m.; Cresson to Irvona,
&
A.
J.
J.
J.
J.
Louis bonds due June, 1927, numbered from 1,101
$500 each ($150,000 in all), have been assumed.
Report.— Report for 1901 was in V. 74, p. 1249; none since.
Tear ending Dec. 31— 1901.
1900.
1899.
1898.
Miles oper Deo. 31
1,299
1,171
1,136
1,287
Gross earnings
$5,360,607 $4,848,277 84,926,933 $4,545,643
"
Total net income
$1,955,307 $1,511,823 $1,555,862 $1,490,944
Interest on debt
$792,200
$799,400
$791,150
$795,275
Dividends
(6)427,239 (8)440,000
(8) 440,000
(4) 220,000
Miscellaneous
66,893
18,045
19,977
Surplus
$717,823
$260,696 ^5320,587
$404,651
-(V. 75, p. 28, 288, 1146; V. 76, p. 1142, 1191.)
Butte Anaconda Pacific Ry.— See Supp. for Jan, 1903.
Calgary
Edmonton Ry.—See page 1911.
California Northwestern Ry.— Operates under lease the San
Francisco & 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 Sept., 1900, began to build an extension
60 miles into the redwood forests of Mendooino and Humboldt counties, Cal.,of which Ukiah to north of Sherwood, 40 m., are in operation.
In Aug., 1904, the North Shore RR., 91 miles, was acquired by friendly
Minneapolis
F.
6
381,925
4g.
350,000
5 g.
3,450,000
4g.
See text.
....
5
1,380,000
1,000 Worthless.
....
100
15,000,000 See text.
1878
5
1,000
14,000,000
1883 l.OOO&c
5
6,000,000
1895
4 g1.000
130,000
Per cent. ( 3
See"History"
Bonds.— Of the 5s of 1884 (Central Trust Co., Trustee), bonas are
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 $7,500 per mile for second track, the total author, issue not being limited.
Under C. R. I. & P. 4 p. c. mortgage of 1904 bonds are reserved to take
up consols issued
J.
6
6
6
5
5
1,000
1,000
Gross, $176,557;
net, $68,667
> 1904
Gross, 157,225;
July 1 to Aug. 31.1
net, 51,614
$1903
Surplus over 2 mos. charges, after including other income, $68,709
in 1904, agst. $46,332 in 1903.
Report.— Report for year ending June 30, 1903, was given at
length in V. 77, p. 1289, 1301 (see editorial, p. 1257). In 1903 04 gross,
$962,696; net (over taxes), $327, 196; otherincome, $173,893; totalnet
Income, $501,089; interest and rentals, $157,958; dividend on common
&175.900; div. on pref., $120,000; bal., $47,231. In 1902-03, gross,
$1,000,752; net, $432,460.-(V. 79, p. 731, 732, 902.)
Buffalo & Susquehanna Ry.— Has under construction a line
from Wellsville to Buffalo, N.Y., 84 miles, as an extension of the Buffalo & Susquehanna Bailroad (which see above). Upon completion
of this line the B. &. S. RR. will be leased for 999 years for interest on
bonds and a guaranteed dividend of 4 p. o. yearly on the pref. stock,"
The B. & S. Ry. Co. has acquired the entire common stock of the B.
<fe S. RR. Co., and it will thus control, upon the completion of its line,
a railroad extending from Buffalo, N. Y., to Sykesville, Pa., which with
its several branches will have a total mileage of about 325 miles. The
Buffalo & Susquehanna Coal & Coke Co. and the Powhatan Coal & Coke
Co. (V. 75, p. 922,) will also be controlled. (See V. 76, p. 593.)
The Buffalo & Susquehanna Iron Co., a olosely affiliated corporation,
Is erecting on a tract of land adjoining the terminal property of the 8.
& S. Ry. at Buffalo two blast furnaces (See V. 75, p 922.) The Railway company will transport all the coal and coke.
Stock.— Authorized, $10,000,000; issued, $7,117,200; par $100.
Bonds.—The first 50-year trold 4i«s (authorized issue, $6,000,000,
of which $2,500,000 has been issued) are secured by a first lien on
terminal property at Buffalo and the 84 miles under construction in
New York State; also by deposit with the U. S. Trust Co. of the entire
common stock of the B. & S. Bailroad Company.— (V. 74, p. 1040).
See V. 76, p. 593. (V. 77, p. 1532.)
"Bnrlington."— See Chicago Bcrlington & Quinct RR.
Burlington Cedar Rapids
Northern Ry.—Operated:
Lines owned in fee
Leased All slock owned—
Burlington, la., to Erin, Minn.
Iowa City & Western RR
73
(less 1 1 j ointly leased)
296 Cedar Rapids, I. F. & N. W.,
Branches owned to Postville,
Holland, la., to Watertewn,
Riverside, Holland, etc
310
80. Dak., &o
511
Leased—
Ced. Rap. & Clinton RR.. &c. 109
Manly Jc. to North wood
14 Trackage (over C. M. & St.P.) 45
History.—The Chicago Rock Island & Paoiflo Ry., which in July,
1904, had acquired all except $172,200 of the $7,121,740 stock, leases
the road for 999 years from June 1, 1902, on a basis of fixed charges
and 6 p. c. on stock; the minority stock was exchanged, $ for $, foi
stock of the Chic. R. I. & Pao. Ry. V. 74, p. 1194, 1354; V. 75, p. 28.
In 1904 title was acquired by deed, the holders of the outstanding
unexchanged stock being guaranteed the payment of 6 per cent dividends, as called for by the lease. V. 79, p. 1718.
&
5g.
$1,279,000
81,000
145,000
1,000.000
1,021,000
1,000,000
25
1897
1889
1904
Earnings.— 2 months,
—
INTEREST OR DIVIDENDS.
Amount
RE.
.
—
Date
£205,400
£290,900
£177,300
£44,700
£1,180,600
$1,400,000
See text.
$669,000
$349,000
£400,000
See text.
$2,000,000
450,000
F.
J.
M.
A.
&
&
&
&
J. Phila.,
Broad
do
do
do
do
do
A.
O.
J.
J.
J.
Broad
do
J. Phila.,
A.
J.
St.
Stafn.
Jan.
Aug.
do
do
do
do
do
Apr.
Jan.
Jan.
Jan.
St. Stat'n.
1,
1,
1,
1,
1,
2,
1941
1905
1913
1927
1930
1912
July, 1904,
3%
do
Feb. 1, 1927
N.Y.,Bk.Mont., & Mont. Jan. 5. 1909
1954
A. N. Y„ Gr. Cent. Station Aug. 1,'04, Ik
Jan. 1, 1908
J. N. Y., Union Trust Co.
Mch. 1, 1913
S. N. Y., Union Trust Co
O. Montreal, Bk. of Mont Oct. 1, 1945
Aug.
J.& D^o London and Toronto.
1926
1929
1929
Nov.
1930
June 30, 1930
June 30 1930
1930
June 30, 1930
Oct. 1, 1930
J.&D^o
4
4
4
4
Irredeemable.
Feb.
Feb.
4&4iag
1,1x0,148
1,890,000
J.
&
&
&
&
&
&
&
&
&
4
4
4>4
4
4
3
4 g
5 g
F.
M.
5
F.
5
M.
&
& N.
& A
& 8
London, Eng.
1,
1,
1,
1,
1953
Feb. 1, 1919
N.Y.C.Bk.of Com.or Tor Nov. 1, '05-12
do or London, Eng. Aug. 1, '04, '13
do Tor or London. Sept. 1, '05-14
A, Nat. Tr. Co.", Tor! or Lon.
27 m.; Ebensburg to Dilltown, 19 m.; Vail to Grampion, 50 m.;
branches, 167 miles; total, 374 m. A consolidation Aug. 1, 1903, with
Irvona, Ebensthe Penn. & Northwestern, Millersburg RR., Cresson
burg & Black Llok and Tyrone & Clearfield. V. 78, p. 828. Stock,
$4,813,800, owned by the Pennsylvania RR. Co., whioh operates the road.
A full abstract of the mortgage seouring 5s of 1891 was in V. 52, p. 976.
Of these bonds, $624,000 were on Jan. 1, 1904, owned by the Penn.
Bl. Lick 1st 5s,
RR. There are also outstanding $10,000 Ebensburg
due June 1, 1943. For 5 mos. ending Deo. 31,1903, gross, $1,099,986; net, $302,608; interest and taxes, $130,915; extraordinary expenses, $265,860. (V. 77, p. 195, 298.)
Owns from Camden, N.J.
Burlington County
to Pemberton. N. J., 23 miles; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Pennsylvania RR., which
guarantees 6 per cent on stock. Stock, $381,925; par $25. Dividends
in January and July. In 1903, gross, $331,598; net, $21,213; loss to
lessee under rental, $16,203 In 1902, gross, $298,212; net, $52,890.—
&
&
RR.—
Camden*
(V. 64, p. 373.)
Canada Atlantic Ry.— Owns Depot Harbor, Ont., on Georgian
Bay, via Ottawa, to Vermont State line, 400 miles trackage to Swantou, Vt., etc., 10 m.; leases for 99 years Central Counties Ry.
Glen Robertson to Hawkesbnry, 21 miles, and South Indian to
Rockland, 17 miles, and Pembroke & Southern Ry. branch from
Pembroke to Golden Lake, 21 miles, at 25 per cent of gross earnings;
total, 468 miles. The company runs through trains to Montreal, using
the Grand Trunk Ry. from Coteau, Montreal, 37 miles, under a traffic
contract. In Aug., 1899, absorbed Ottawa Arnprior & Parry Sound.
The Canada Atlantic Transit Company, organized in 1899 with
$ 1 ,000,000 stock, operates a fleet of steamers from Parry Sound to
Duluth, Milwaukee and Chicago. V. 69, p. 954. The Great Northern
Ry. of Canada, together with the Canada Atlantic, forms a short
through route for ocean-bound freight from Parry Sound to the deep
water docks at Quebec. V. 70, p. 279.
The stockholders of the Grand Trunk Ry. voted on Sept. 29, 1904, to
f>cquire the road and guarantee the principal and interest of $16,000,000 four per oent 50-year gold bonds, of which $2,000,000 will be
reserved for f ature requirements and the remainder will be issued,
replacing all other indebtedness at or before its maturity. V. 79, p.
;
967, 1131, 1641.
Stock, $6,200,000 common and $1,000,000 preferred, all issued.
Report—For 1902-3 in V. 77, p. 2157, showed: Gross, $1,908,025;
net above taxes and rentals, $691,090; net earnings of steamships,
etc, $9,451; net revenue for int., etc., $700,540.— (V. 79, p. 1641)
Canada Michigan 6c Chicago.—Bonds worthless. V. 63, p. 838.
Canada Southern Ry.— (See Map New York Central <6 Hudson B.
Bailroad.)— Road— Main line from Suspension Bridge station, including the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc., 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London, Ont., 15 miles. Double track. 152 miles.
Organization, Etc.—The company was chartered in Canada February 28, 1868, and debt readjusted in 1878. In 1903 made a new
lease to the Mich. Cent, for 999 years, the latter guaranteeing dividends on the stock at 2^ p. c. yearly to 1910, thereafter 3 p. c; also
authorized a mortgage to retire the existing bonds at maturity and provide for improvements. V. 76, p. 1191, 1247; V. 77, p. 950.
Dividends.— 1889 '90 '91 '92 '93 '94 '95 '96 '97-01 '02 '03 1904
Since 1888
2^ 3^ 2^ 3 3 3 2^ 2% 2y'rly. 2»fl 2 Feb.,113
First div. (semi-an.j under lease, 1^ p. c. paid Aug. 1, 1904. V. 78,
2598.
p.
Annual Report.— Prelim'y report for 1903 In V. 77, p. 2387; Canada
So. share of earnings, $355,088; bal. Jan. 1,1903. $25,727; otherincome, $2,687; divs. (2i2%)$375,000. In 1902 Canada So. share, $310,167. Total sur. Jan.l, 1904, $8,503— (V. 77, p. 2387; V.78, p. 47, 2598.)
Canadian Northern Ry.—Operates from Port Arthur, Ont., on
Lake Superior, to Winnipeg, and thence into Northwestern Canada.
Miles.
Port Arthur to Winnipeg
Stanley Jet to Gunflint.
Winnipeg
to Grand View
Carman Jet. to Learys
Delta Jet. to Delta
Neepawa Jo.to McCreary Jet.
439
67
207
63
15
74
Gilbert Plains Jot. to Erwood
Sifton Jet. to Winnipegosls..
Portage Jet. to Pembina
Morris to Brandon
Hartney Jet. to Hartney
Emerson to Ridgeville
191
21
65
145
51
12
Total Mar., 1904 (Including 351 m. leased from N. P.)
1,350
There are also under construction 620 miles from Grandview to
Edmonton (of whion 71 were opened in June, 1904.) and 100 miles
from Prince Albert easterly and between 300 and 400 miles of branch
lines in Manitoba.
See
Bonds below.
Organization.—William Mackenzie of Toronto, Senator George A.
Cox and the Canadian Bank of Commerce are floating the enterprise.
The Great Northern Ry. of Canada (see that oompany) and affiliated
passed In 1903 under control of Northern Consolidated
Holding Co., and with the Canadian Northern will afford a through
line to Quebeo and Montreal. V. 76, p. 704; V. 79, p. 151.
The Manitoba lines of the Northern Pacific Ry., 351 miles, are
sublet from the Provincial Government for 999 yrars from May
30, 1901, at $210,000 annually for first 10 years, then $225,000
for 10 years, then $275,000 for 10 years, and thereafter $300,000, with
the option of purchase at any time for $7,000,000. The Manitoba Govlines
RAILWAY STOCKS AND BONDS.
1760
RAILROADS.
Miles
of
For explanation of column headings, Ac, see notes
on
first
page of
Date
Size, or
of
Par
Road. Bonds Value.
tables.
[Vol. lxxix.
Bonos— Prinol
INTEREST OR DIVIDENDS.
pal.When Due.
Outstanding Rate per When Where Payable, and by 8tocks— Last
Amount
—
m
Minn. St. P. & S. Ste. Marie and Duluth So. Sho re&A tlantic —See st atements of those co'mpanie
1,000
750,000
5 g. J. <fc D
Cane Bell— 1st mort., $3,000,000, red. aft. 5 yrs., g. All 1901
1901
1,000
. 500,000
o*
5 g. J. & J.
Cape Breton Ry — letM., $2,400,000 g.S
Carolina Central— Bonds— See Seaboard Air Li ne Ry
41 1899 500 &0.
$425,000
Carolina Northern—1st mort., $500,000. GnP
5g. A. & O.
1,000
2,000,000
Carson <& Colorado— 1st M., gold, sink. id.Mp.c*&r 300 1892
4g. J. & J.
1,000
M. $1,600,000 g. gu.,U n.c*<fcr
46 1892
1,100,000
J. & D.
Carthage d Adir.—let
i e J. & J.
1,000
300,000
29 1891
Carthage Water.<6 Sack.Har.—lsfM. g.,gu.p.&i.end.
1898
1,000
135,000
4 g. J. & J.
Catasauqua <& Fogelsville— 1st mortgage, g.PeP.c*
50
98
3,200,000
5
M. & N.
Oatawissa—Trei. stocks, 5% gu. P. & R. Ry. See text.
1,000
103 1898
2,215,000
4 8- A. & O.
1st consol. mort., $2,215,000, gold.PeP
o*
1.000
16 1885
50,000
F. & A.
Catskill Mountain First mortgage
5
1885 100 &o.
238,000
6
1st income bonds
30
34
mma
589,110
Cayuga <k Susq.— Stock, 9 p. o. rental D. L. &
9
J. & J
Cedar Rapids Iowa Foils <£ Northwestern— See Bur LINGT ON CE DAR RA pros & NOBT HWESTE RN.
1
.
-
—
W
ernment has the option to purchase the entire property in 1929. See
below and V. 72, p. 437; V. 73, p. 615.
Land Grant.— Of the entire land grant, 2,455,466 acres, about 363 000 are held for account of Manitoba Government in connection with
guaranties. .">33,»>00 for account of Dominion Government as security for a mall contract subsidy, the remaining 1,500,000 to be sold
from time to time through a selling agency at not less less than $3
V. 76, p. 1083.
per acre.
See V. 75,
p.
183, 549.
Stock.— June 30, 1903, authorized $25,750,000; all paid up.
Bonds.— On Winnipeg and Saskatchewan divisions there have been
issued first mortgage bonds, guaranteed principal and interest by the
Government of Manitoba, at $8,000 per mile; also second mortgage
bonds, ungnarantied, $2,000 per mile. SeeV. 75, p. 1353; V. 71, p. 235.
In July, 1903, tlie Canadian Goven ment guaranteed 50-year debenture stock at $13,<00 per mile, with interest at 3 per cent ye<*rlv, for
the construction of 620 miles from Grandview to Edmonton and 100
In March, 1903,
miles from Prince Albert easterly. V. 78, p. 1274
the Province of Manitoba agreed to guarantee $10,000 of 4 percent
bondi- per mile, maturing 19 0, between 300 and 400 mllesof branoh
lines to be constructed. V. 78. p. 1 '274. Total, 720 miles.
In March, 1; 04, authority v* as asked to make* a consolidated issue
of securities ii place of ceitalu divisional bonds, with the right to
make fin tin r issues from time to time; also to purchase the Noithern
Extension Rv. v 78. p. 1222.
The Ontario Division 4k,« (see V. 72, p. 338, 437.) were mostly
In 1902 exchanged for an equal amount of 4s, guaranteed, principal
and interest, by the Government of Manitoba ~ V. 74, p. 882; V. 75,
p. 1398; V. 71, p 2<5. In 1H03 $2,000,000 perpetual consolidated debenture stock was Issued to acquire securities of controlled properties.
V. 76, t 1247; V 77, p 87. As to Imperial rolling Stock 5s of 1902.
see V. 75, p. 1353; of 1903. V.7
p. 1746, 1873; of 1904, V.79, p. 1641.
Earnings.— For 2 months ending Aug. 31. 1904, gross. $606,600;
600. For year ending June 30. 1901. gross, $3,242,702;
net, $l!
net, $l,12l,»H0; charges, $805,528; sur., $316,402
President, William Mackenzie; Vice-President. D. D. Mann; Treasuier. A. W. Mackenzie; Secietary, W. H. Moore. Office, Toron'o, Can.
Mackenzie. D. D. Mann, Z. A. Lash, Frederic Nioholls
Directors
and J. M. 8mith.-(V. 78, p 701, 1222, 1274; V. 79, p. 151, 1641 )
.
.
,
Wm
Canadian Pacific Ry.— Road— Own a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows July 1, 1904
2,905 Under construction July 1,
Montreal to Vancouver
2.215
338
Branches and auxiliaries
1904
438
Leased lines
3,120 Operated acct. of owners
92
Also controlled but op. sep.—
Used jointly
TIMinn. St. P. & Sault Ste. M. 1,648
UDuluth South 8. & Atlantlo 565
Total in traffic returns
8,332
USee each oo's statement.
In Sept 1904, 113-mile branch was opened.
History, etc.— incorporated Feb. 18, 1881, under charter from Dominion of Canada, receiving $25,000,000 in cash as a subsidy, also
25,000,000 acres of land, all to be fit for settlement. The Ontario
& Quebec. Montreal to Toronto Junction, 334 miles, was leased in 1883
for 999 years, and its stock and bonds guaranteed. In 1902 leased for
999 years the Ottawa Northern & Western Ry., extending from Ottawa
via the Interprovincial Bridge to Hull and Gracefleld, Que., and from
Hull via Aylmerto Waltham, Que., a total of 151 miles, and under construction from <iracefleld to Maniwakl, 23 miles. V. 73, p. 1161; V. 74,
,
93', 988; V. 75, p. 732. In Feb., 1903, 15 stea nships for transAtlantic service were purchased for £1,417, 'iOO, and in June, 1903, acquired Canadian Pao. Navigation Co., operating 14 steamers, ohlefly to
Alaska and Vancouver Island points. V. 76, p. 435, 479, 1354.
Stock.—The company bought of the Dominion Government an annuity of 3 p. c. per annum on the common stock for the ten years 18841893, the last payment having been made in August, 1893. The Issue
of preferred stock must never exceed one half the common stock. In
1902 the authorized common stock was Increased from $65,000,000 to
$-5,000,000, $19,500,000 of the new stock being sold to the stockholders at par. V. 74, p. 267, 378, h29; V. 75, p. 553, 665. The stockholders voted Oct. 5, 1904, to Increase the common stock to $) 10,000,000. Of the $2.cv'i00.00o new stock, $16,900,000 is offered to stockholders of record Oct. 29, pro rata, at par. V. 79, p. 902, 1028, 1461,
1641.
Dividends— ) '90'94. '95. '96. '97. '98. '99. '00. '01. '02. 03. '04.
Common p c. > 5y'rly
2Hj 2*3 4i« 4 5»3 5
5 5>s
6
Preferred p.c )]Issued in 1894.
4 p. ct. yearly (2 A. <feO
In 1903, on com., April, 2i2 p. 0. Oct., 3 p. c; in 1904, 6 p.c. (A.&O.)
Bond*, Dkhknture Stock, Guaranteed Bonds, Etc.— In May,
1888, the company relinquished its exclusive right to operate in Manitoba lines to the international Boundary, receiving the Dominion Govp.
i
)
Whom.
Payable
Cent.
100
See text.
6 in 1904 A. & O.
auth..
£100 33,473,333
Pref. stock limited to 4 p. c.,non-cumulative....r
4
A. & O.
£100
269 1880
Canada Central RR. 2d mortgage (now 1st)
973,333
Various
6
l
Quebec Prov. due on Q. M. O. & O. and N. 8. RR. 370 '82-'83
7,000,000
A. & O.
| 20 J. & J.
3,221 1885 £100 &c 34,998,633
Can. Pacific, 1st mortgage debenture sterling
g>
f
183 1888 £100 &o
1st mort. on Algoma Branch, gold
c*<fcr
3,650,000
5 g. J. & J.
1888 £100 &c 11,500.000
Land grant bonds, int. gu. by Can. Gov't. ..o*<fer
3 ^g. J. & J.
1889 £1 &C. 82,355,217
....
Consolidated perpetual debenture stock
4
J. & J.
Securities of Principal Leased, etc., Li NES.
Manitoba S. W. Col. R'y $12,000 p. m., int. guar.g 218 1884 $1,000
2,544,000
J. & D.
Atlantic & Northwest— 1st mort. gold, guar..c*<fcr 350 1887 £100 &o £1,330,000
5 g. J. & J.
58 1876 £50 &o
£200,000
15J.&D.
1st mort., gold, see text
8t. Lawrence & Ottawa
(6) 4
100
2,000,000
perpetuity
Ontario & Quebeo stock guaranteed
6
J. & D.
£1 £4,007,381
671
J. & D.
Ont. & Que. deben., interest guar, in perpetuity.
5
£100
£719,000
Toronto Grey & Bruce, 1st M., gold, int. as rental. 191 1883
4g. J. & J.
£630,000
New Brunswick Ry.lBtM.,gold,lnt.from rental. c* 174 1884 £100
5 g. F. & A.
1890
£1
£8*8,300
4
J. <fe .1.
Perpetual consol. debent. stock, int. guar
1890
£1,121,700
Calgaiy & Edmonton deb. stock, g.,lnt.as rental.
4 g- J.3& J.
Canadian Pacific— Stock, $110,OCO,000
Dividend.
N. Y., 59 Wall St.
London, Co.'s
&Lon.
office.
Montreal.
Montreal.
London, Baring B.
&
Oot.
Oct.
3%
2%
1, '04,
1, '04,
1, 1910
1, 1906
1, 1915
1, 1937
Nov.
Mar.
Co. July
July
July
do
do
do
do
1, 1938
London, Comp'ys office. Irredeemable.
N. Y., 59 Wall
& London June
London, Baring B. & Co.
office, London.
Montreal and London.
London, Morton, Rose.
Toronto and London.
London.
do
Can. Pac.
Can. Pao. office.London.
1,
1934
Jan. 1, 1937
See text.
June,1904,3%
Irredeemable.
July 26, 2882
Aug. 1, 1934
Irredeemable
2002
s.
New York
or St Louis.
June
July ,'02, notpd.wh.due July'
Phila.,
Gu.T. &S. D.Co. Apr.
July
N.Y. Grand Cent.Stat'n
do
do
Philadelphia, Pa.
Philadelphia Co.'s office
do
do
C'skill,N.Y.,Tan.NLBk.
Deo.
July
July
1,
2,
1921
2001
1,
1,
1,
1,
1,
1929
1941
1981
1931
1928
May 19,'04,2is
Apr. 1,
Aug. 1,
Divid'd pd. Sept. 10,'97. Aug. 1,
New York, 52 Wall St. July. '04,
1948
1905
1915
4*a%
4s of the latter, and in 1901 interest on $1,254,000 Mineral Range 4
per oent bonds, the last-named being all owned June 30, 1903.
See
V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68, p. 669, 770; V. 73, p.
556. Owns Dul. 8. 8. & At. consols. $15,107,000.
To the Atlantic <k Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Paciflo guarantees the balance of Interest money.
St. Lawrence it Ottawa bonds are endorsed with the Canadian Paciflo's
acceptance of a 999 years' lease at a rental sufficient to pay 4 per oent
interest on bonds, and the bondholders' agreement to accept interest
at 4 per cent (instead of 6 per cent as formerly), and to refrain from
demanding principal (due 1910) during continuance of lease.
The New Brunsrvick Railway consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first mortgage bonds,
though not guar, is paid out of rental under 990 year lease of 1890.
The Calgary A Edmonton Ry. debenture stock la guaranteed lnterst at 4 per cent under new lease of 1903. V, 76, p, 435; V. 77, p, 636.
The Ottawa Northern & Western Ry. loan Is-ued in 1902 under
the lease is for +20,000 per mile of road and #1,000,000 for thelnterprovinoial Bridge at Hull aoross the Ottawa River. V. 75, p. 793.
Lands.— Lands unsold June 30, 1904, were 10,794,113 acres of Canadian Paciflo grant and 39-»,384 acres of Manitoba South Western
grant, 141,853 Great North West Central grant, 3,594,998 British Columbia Southern and 149,326 acres of Columbia and Kootenay grant;
total, 15,082,674 acres.
In addition there wilt be acquired through
the ColumbU & Western Ry. about 2.500,000 aores.
Total sales in
1903-04, 928,854 acres, for $3,807,248.
As to land grant bonds of 1888, see V. 75, p. 793; V. 79, p. 1028.
General Finances.— In 1902 stockholders subscribed to *l 9,500,000
new common stock at par, the proceeds being used for equipment and
improvements, together with $3,000,000 appropriated from the surplus
earnings fund. v. 74, p. 378.
Stockholders on Oct. 5, 1901, authorized the issue of consol. deb.
stock at not over $30,000 per mile.to construct the Toronto & Sudbury
branch, 235 miles, also the lease of certain lines, and acquisition of
additional steamships. V. 79, p. 1636
Earnings.— 2 mos., 11904
Gross, $8,873,071; net, $2,977,582
Gross, 8,073,498; net, 2,752,630
July 1 to Aug. 31. 51903
Annual Report.— Fisoal year now ends June 30. Annual meeting 1 8
held at Montreal on the first Wednesday in October. The report for
1903-4 In full was In V. 79, p. 1020, 1027. See also editorial p. 997.
1903-04.
190203.
1901-02.
Miles operated end of year
8,332
7,7*8
7,588
Passenger earnings
$12,418,419 $11,001,974
$9,359,522
Freight
29 23^,821
28,502,082
24,199,428
Mail, express and mlsoell
4.814,892
4,453,318
3,944,104
Total earnings
$46,469,1.^2 $43,957,374
#37.503,054
Net earnings
$14,213,105 $15,836,846 $14,085,913
Interest received
1,691.269
1,286.812
958,827
$15,904,374 $17,123,658 $15,044,741
Fixed charges
$7,586,097
$7,052,196
*7,334,tf24
For steamships, etc
230,000
150.000
150,000
Dividends on common sfk. (6)5,070,000(5ia)4,647,500 (5) 3,250,000
Dividends on pref. stook
( 4)1,300.000
(4) 1,352,073
(4) 1.246,840
Balance, surplus
$1,666,204
$3,973,962
$3,063,077
New directors. Aug.. 1903, V. 77, p. 348— (V. 79. p. 1020, 1027>
1265,1461, 1636.1641.)
Caue Belt RR.— 8ealyto Matagorda, 93 miles. Branch to Garwood, 9 miles, building. Lincoln Trust Co. of St. Louis is the
mortgage trustee. Bonds are issuable at $15,000 per m'le, but all
bonds above the $'50,000 now outstanding will be In subordination
to the lien of the latter on the present mileage. V. 77, p 2338. Stook
$100 000, all acquired in Nov., 1903, by the Atoh. Top. & Santa Fe.
V. 77, p. 20»7. Year ending June 30, 1903, gross, $207,971; net, $17,227.-(V. 77, p 1873, 209 7, 2338.)
Cape Breton Ry.— In 8ept., 1903, road completed for 30
miles east of Port Hawkesbury on the way to Louisburg; Subsidy
$9,600 per mile. Controlled by the Dominion Securities Co. (see V.
73, p. 393; V. 74, p. 986>, which owns 95 per cent of the stock. In
Oct., 1902, a reorganization committee, James G. Cannon, Chairman
(Trust Co. of the Republic depositary), requested deposits, but no
plan had been arranged to July, 1904. V 75, p. 732. Stook, $1,000,Ooo, all outstanding; par of shares, $100; mortgage for $2,400,000
authorized In July, 1901. President, Myron E Evans, Offioe, No. 22
Pine Street, N. Y. City.— (V. 74, p. 775, 986, 1088; V. 75, p 28, 732.)
Carolina Central RR.— See Seaboard Air Line Ry. CoCarolina Northern RK.— Owns from Lumberton, N. C, to Marion, S. O, 41 miles.
W. G. Edwards of Sanford N. C, Is receiver. Receiver's certificate (6s) outstanding Juno 30, 1 '03, $20,-
ernment gnaiantee of interest on $15,000,000 of land bonds These
bonde were a lien on 14,6*0,100 acres of land. The p'oceeds of lands
covered thereby are being deposited with the Government from time
to time towards liquidation of the company's liability; to Oct., 1904,
065. V. 76, p. 211. Stock, $500,000, all outstanding; par of shares
$10. For year ending June 30, 1903: Gross, $17,846: net, $16,585;
total deductions, $2=>,752.— (V. 75, p. 1252; V. 76, p. 211.
$3,50< ,000 was o deposited. V. 77, p. 636, 1221; V. 79, p. 1027.
List 01 securities held against consol. debenture stock in V.78, p. 1028.
In June, 1890, company agreed to guarantee the principal and interest oi $20,000,000 4 per cents, to be Issued by the Duluth South Shore
A Atlantic; also 4 per cent interest on consol. bonds of the Minneapolis
St. Paiil & Sault Ste. Marie and in 1899 interest on the 2nd mortgage
Chester, 8.
1
Carolina dt Northwestern Ry.— Owns standard-gauge road
O, to Lenoir, N. c, 110 miles. In May, 1903, extension
was proposed from Freeland, N. O, near Lenoir, to Blue Kldge Moun-
m. Reorganization in 1897 of Chester & Lenoir, foreclosed.
In Mar, 1900, nearly all stock was acquired by a syndicate. Stock
authorized, $1,000,000 each of common and 4 p. c. non cum. pref.;
outstanding, Aug. 1903, $859,650 common, and $550,000 pre!.
tains. 45
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
17(il
RAILWAY STOCKS AND BONDS.
1762
RAILROADS.
Miles
For explanation of column headings, &c, see notes
on first page of tables.
Central Branch— Cent. Br. U. P. 1st M., g.Cn...o*
Central Branch, 1st mort., guar., gold
Date
Size, or
of
of
Par
Road. Bonds Value.
1898
1899
1895
Oent.of Georgia Ry.—\st M.,$7,000,000,g.G.c*<fcr
1895
o*<fcr 1,390
Consol. mortgage, $18,500,000, gold Me
Mob. Div. 1st M.(Columbus to Andalusia) g.G.o* 138 1895
Macon & No.Div. 1st M., $840,000, gold.M Ba.o* 102 1895
77 1901
Ocon.Div. 1st M., Brew, to Dover, $6,000 p.m.S.O*
Mid. Ga. & At. Div. 1st M.,$9,000 p. m.,cur Go* Text. 1897
21 1896
Eatont. Br. 1st M. not eruar. by Cen. Ga., g
155 1901
Chatt. Div. purch. money M. $2,400,000, g S.c*
138 1897
Chatt. Rome & 8o. 1st M. $500,000, gold.U .c*
1895
1st pref., incomes) Interest up to 5 p. c, Mp...
1895
....
gold, If earned. Ce.
do
>
2d do
1895
- non-cumulative
do
)
3d do
1887
Cent. RR.& Bk. coll.tr. b'ds, g., red. at HO.Ce.o*
1900-1
Equipment trust notes June 30. 1904
1902-3
Locomotive & car trusts, payable $98,000 s.-an.c
Me
100
288
312
.
Ma
.
•
Guaranteed, etc., securities.
c
Ocean 88. Co. 1st mortgage, gold, guar.Ce
St'mship b'ds.g.ass'd by O.88.Co.,$69,000 due s.a.
Augusta & Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt) .
Chattahoochee & Gulf, stock
1st M., g., $2,000,000, int. rental, s.f.,red.l02i«
Oent.Ind.— 1st M., $4,000,000, gu.p.<fcl.,6Dd.Ce c*&r
1890
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
91
117
Central Massachusetts— See Boston & Maine RR.
Central New England Common stock
Preferred stock, 4 per cent
58
1st M., $1,250,000, call at 105 after 1904. FP.0*
r
58
Gen'l mort.. 5 p. o. incomes, $8,500,000.
c*
12
Dutchess Co. RR.,lstM.,g., gu. (see text). Me.
Central Ohio—See Baltimore & Ohio.
a Balance, $26,465,000 retained as collateral for n
1900
1903
1,000
1,000
1,000
otos b y U. S.
Colorado By.— (3-foot gauge.)— From Mound House,
branch, 6 miles. In 1900
Cal., 294 miles;
substantially all the stock and all the bonds were aoquired by the
Nevada, to Keeler.
Southern Pacific and ttie road will be broad-gauged and extended
northerly to a connection with the Central Paoiflo and southerly to
Mojave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1902-03 gross, $466,205.
Adirondack Ry.- (See Map N. T. Central.)— Owns
Carthage
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
$500,000, is owned by the New York Central RR., which In May,
1893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)
&
SacKeii's
Harbor RK,- (See Map
N. Y. Central. J— Owns from Carthage to Sackett's Harbor, N. Y., 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stock and
guarantees the bonds. Leased to R. W. & O. for ZT^ i>. o. of gross
earnings. Rental in 1903-04, $42,090; in 1902-03, $42,525; in 190102, $44,448. Capital stock $465,845 common and $21,500 preferred.
Catasauqua & Fogelsville RR.— Road from Catasauqua, Pa., to
Rittenhouse Gap, Pa., 295 miles. Opened in 1857; in 1890 the Phila
delphia & Reading aoquired control through ownership of a majority of
the capital stock of $426,900 (par, $25.) Of the stock $254,125 is owned
by Reading Co., $251,625 being deposited as part securitv for Read,
gen. mort. of 1897. For year ending June 30, 1903, gross, $lls,980;
net, $62,163; deductions, $9,580; dividends, S29.883; bal., sur., $22,700.
('atiiwiMKH RR.—Owns from Tamanend, Pa., to Newberry Jo., Pa.,
98 miles, and branches, 5 miles. Re-leased Deo. 1, 1896, for 999 years
to Phil aaelphia & Reading Railway. Rental, interest on the bonds, 5
p. o. dividends on the preferred stook, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 969, 1116. Of the preferred
stocks in 1903 $2,200,000 was first preferred and $1,000,000 second
preferred and common was $1,159,500; Dar $50.— (V.72, p. 1187.)
Catuklll Mountain Hall way.— Owns narrow-gauge road from
Catskill, up the Catsklll Mountain, to Palenville, N. Y., 16 miles leases
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles.
Stock, $89,000. There are also second incomes for $15,600 6 p. o.
Earnings.— Year ending
First incomes have one vote for each $100.
June 30, 1903, gross, $51,173; net, $16,484; Interest, etc, $11,851.
Susquehanna RR.—Owns from Susquehanna River
Cayuga
t j Ithaca, N. Y., 34 miles. Leased during length of charter and renewals thereof to the Delaware Lackawanna & Western at a rental of
$54,600 a year. Corporate existence for 50 years from Jan. 1, 1900.
Central Branch Ry.—Owns Lenora to Atchison, Kan., 293
miles Jamestown to Burr Oak, Kan., 33 miles; branohes, 62 miles.
The $3,459,000 1st 4s of 1899 are guaranStook, $7,585,000.
;
&
;
teed, prin. and int., by the Mo. Pac (see V. 68. p. 329). Form of guaranty V. 70, p. 279. For calendar year 1903, gross, $1,569,673; net,
$656,764; other receipts, $7,465; interest, $238,360; taxes, $107,199;
miscellaneous, $561; bal., sur., $318,109.— (V. 73, p. 31. )
V. 75, p. 28.
Central Florida &: Gulf Coast
Ry.—
Central of Georgia Railway.— (See Map).— System
JAnes owned in fee.
Savannah to Atlanta
Gordon to Porterdale
inoludes:
—
Lines leased (see these cos.) Miles
Southwestern RR.—
Macon to Eufaula
143
Fort Valley to Perry
12
Fort Valley to Columbus.
71
Mites.
295
86
Columbus to Blrm'gham, Ala. 156
62
Columbus to Amerious
80
8rnithvllle to Columbia
Montgomery to Euf aula, Ala.
84
50
Columbus to Greenville, Ga.
Cuthbert to Fort Gaines.
21
36 Augusta & Savannah RR.—
Opelika to Roanoke
60
Millen to Augusta
Euf aula to Ozark
53
Gritlin,Ga.,toChat.,Tenn, eto 198 Chattah. & Gulf RR.—
Chickamauga to Durham
17
Columbia to Lockhart
93
18
Savannah to Tybee
138
Columbus to Andalusia
102
Macon Junction to Athens.
Dover
Total oper. Julv, 1904.. ..1.878
77
Brewton to
16 Also Meldrlm to Lyons, 58 miles,
to Thomaston
Barnesville
10
Branch
(leased to Seaboard Air Line Ry.)
Lyerly
Ocean Steamship Company,
estimated equivalent of
Total owned (and oper'd).. 1,401
300
Organization— Organized Oct. 17, 1895, and Nov. 1 suooeeded to the
properties of the Central RR. & Banking Co. of Georgia, foreclosed
per plan In V. 60, p. 1008 and V. 61, p. 68. Chattanooga Rome <fc
Southern was merged June 1, 1901. V. 72, p. 674, 721, 987, 1134.
Stock.— $5,000,000 held by Interests allied with Southern Ry.
Bonds.—The first mortgage of 1895 (desorlbed in V. 63, p. 1160) is
a, first lien on the main line from Atlanta to Savannah, including the
Mllledgeville branoh (312 miles In all), all equipment and appurtenances and the equity in $1,995,000 of the capital stook of Ocean
Steamship Co. of Savannah. Trustee, Guaranty Trust Co. of New York.
No div. was paid on Ocean Steamship stook in 1904. V. 79, p. 783.
Application for listing firsts and oonsols. in V. 63, p. 1160.
.
.
.
1
|
•
I
I
5
P.
P.
M.
5g
>
&
&
&
&
&
&
&
&
&
&
&
D. N. Y., Merc Trust Co.
Do
A.
do
A. N.Y. GuarantyTrustCo.
do
N.
do
&
&
&
&
&
N.Y.,
& Co.
Guaranty
July
Tr. Co.
Savannah, Ga.
«te
Savannah and Macon.
Savannah, Ga.
<s
1,
1920
July, '04, 2i«%
July, *04, 2i«%
July 1, '04, 2i*
July 1, 1930
N. N. Y., Central Trust Co.
J. Sav., Ga., Citizens'
-
and $2. 941,000
The consolidated mortgage
1,
1,
1,
1,
1,
To July, 1918
eld in tr
pai d on gen
g F. & A.
t g. Oct. 1.
5
(6) g. J. & D.
V. 63, p. 1160)
N. Y., Blair
Various.
is
4ifl
1948
1919
Nov.
1945
Nov.
1945
Jan.
1946
Jan. 1, 1946
Dec. 1, 1945
Jan. 1, 1947
June 1, 1926
June 1, 1951
July 1, 1947
Nov. 1, 1945
Nov. 1, 1945
Nov. 1, 1945
May 1, 1937
To Mar., 1908
To Nov., 1910
Feb.
J.
J.
To be h
s
June
do
do
do
do
do
D.
do
do
do
J.
D.
Savannah, Ga.
D. N. Y., Guar Trust Co.
J, N. Y., Union Trust Co.
Oct. 1 N. Y., Gu. T. Co. or Sav.
do
when earned.
Oct. 1
do
when earned.
Oct. 1
M. & N. N. Y., Guaranty Tr. Co.
M'nthly
do
do
J.
J.
J.
J.
J.
J.
J.
4g. M.
Government
1899
1899
1890
J.
J.
J.
J.
J.
J.
J.
g.
5
5
1,500,000
3,450,000
3,150,000
650,000
7,250,000
350,000
;
&
5
5g.
436,400
3*7.000
1,000
1,000
stock. Of the 50 year 1st gold 5s, due July 1, 1953, (Standard Trust
Co. of New York, trustee), $1,500,000 were used to retire all underlying bonds and $1,000,000 are applicable to extensions, new equipment, etc. Year 1902-1903 (110 miles), gross, $193,261; net, $61,834;
charges, $23,776 bal., sur., $38,058. Prest., Wm. A.Barber, 5 Nassau
St., N. Y.—V. 70, p. 893, 1095; V. 76, p. 541; (V. 77, p. 348.)
Carthage Watertown
1,000,000
924,000
1,022,900
5,191,100
100
100
FP
&
$2,500,000
4 «•
3,459,000
4 K.
7,000,000
5 g16,700,000
5 e1,000,000
5 g.
840,000
5 g.
462,000
5 g_
413,000
5 cur
168,000
5 g.
2,057,000
343,000
5 g.
4,000,000 5 in 1904
7,000,000 2 in 1904
4,000,000 Up to 5g.
4.880,000
5 k.
100,363
4ia &6
4>«
1,098,000
100
100
100
—
Carson
Outstanding Rate per
1,000
333
Bond*— riuiiiINTEREST OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend.
Amount
1903-4
53
[Vol. lxxix.
Bk
May
1,
ust for ten years, or nn til 4 per
eral mortgage for two years.
Fid. I.T.& S.D.Co., Phil. Feb. 1,
Yearly, if earned.
Feb. 1.
Fid. I.T.& S.D.Co., Phil June 1,
In treasury
1953
cent
1919
1949
1940
Aug. 1904
(see abstract in V. 61, p. 873, also see
lien upon 600 miles [lnoluding former
Is a
first
Eufaula RR., Sav. & Western and Sav. & Atl.]; also on
the leases of the South Western and Augusta & Savannah roads and
the stook of New England & Savannah Steamship Co., and a second
lien upon the main line, Its equipment, etc, and also on the Macon
& Northern and Mobile <fe Girard. It also covers all leaseholds, securities, eto. It may be Increased to $18,500,000, at not more than $500,000 In any one year, for betterments and equipment.
Macon <6 Northern Division bonds are also dlreot obligations of the
Central Ry., with first lien from Maoon Jot. to Athens, Ga., 102 miles.
Middle Georgia <6 Atlantic Division bonds are issued at $9,000 per
mile, of which $8,000 was for purohase of road and $1,000 retained
by Cent, of Ga. for betterments; subjeot to the Eatonton Branoh
bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
M. Ga. & At. Division.— (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
The preference income bonds, subjeot to the prior mortgages, cover
the main line and the former Savannah <fe Western, Columbus & Rome,
Montgomery & Eufaula, Mobile & Girard, Macon & Northern and
Savannah <fe Atlantic RRs., and their equipment, etc; also all
leaseholds, securities and equities of properties acquired by the new
oompany. They are non-cumulative and bear interest not exoeeding 5
per cent In any one fiscal yoar, but payable only out of net earnings
as deolared and seoured by the deed of trust.
Mont.
&
Dividends—
1896. 1897. 1898. 1899. 1900. '01. '02. '03. '04.
1**
2
2
5
3 5 5
3H
2H
The first div. on 2d incomes, 2 p. c, was paid Oct. 1, 1904.
Collateral trust mortgage abstraot was in V. 45, p. 242.
The Chattanooga Division mortgage Is a first Hen on the former Chattanooga Rome & Southern RR., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chlokamauga, Ga., 17 miles, with
branohes, in all 155 miles, subjeot to $343,000 old 5s, for which a like
amount of bonds Is reserved. V. 72, p. 1134; V. 78, p. 1446.
Latest Earns., 2 mos. >1904
Gross, $1,471,643; net, $361,687
Gross, 1,400.662; net, 204,784
July 1 to Aug. 31.
{1903
Annual Report.— Report for 1903-04 In V. 79, p. 783.
1903.
1902.
1904.
Tear* end. June 30—
$9,164,470
$7,750,691
Gross earnings
$9,396 931
Total opera ting expenses
6,822,732
5,531,039
6,864,509
On
)
let pref. Incomes.
<
Taxes
322,877
Net earnings from operation.. $z,-^09,545
Other sources
220,661
Total net income
$2,430,206
Interest on funded debt
$1,6*6,299
425,441
Rentals and miscellaneous .
Div. on 1st incomes
(5)200,000
Div. on 2d incomes
(2)140,000
269.817
$2,071,921
192,413
$2,264,334
$1,663,900
390,928
(5)2u0,000
269,471
$1,950,181
201,674
$2,151,855
$1,663,900
365,015
(3)120,000
but. $3,508
sur. $2,940
Balance for year
def. $1,533
Officers.— President, J. F. Hanson. Macon, Ga.— (V. 77, p. 1224,
1289, 2279; V. 78, p. 1446; V. 79, p. 626, 783, 902, 1641.)
Central Massachusetts RR.—See Boston & Maine RR.
Central Indiana Ry.— Munoie to Brazil, Ind., 127 miles, of
whloh Brown's Valley to Sand Creek, 10 miles, is trackage. Suc-
cessor in Mar., 1903, to the Chloago & Southeastern Ry., foreclosed
V. 76, p. 653.
Controlled by the Cleveland CinFeb. 19, 1903.
cinnati Chicago & St. Louis and Pennsylvania RR. interests. Bonds,
Bt. Louis, are limited to $20,000
guaranteed by Cleveland Cln. Chic
per mile: present issue, $1,500,000 (V. 77, p. 517, 2279; V. 78, p.
Stock authorized, $120,000. For 6 mos. ending June 30,
1906,1961.)
1904, gross, $56,54^ against $63,877 In 1903: def. under oper. exp.,
$64,593; against def. $78,523.
President, Joseph Robinson.— (V. 77, p. 2279; V. 78, p. 1906, 1961.)
Fngland Ry.—Owns from Campbell Hall, crossCentral
ing the Hudson River at Poughkeepsie by Its own bridge, to 811vernails, 58 miles and leases and oontrols Hartford & Conn. Western
RR., Hartford to Rhineoliff, 109 miles; extension from TarlftMUe,
Conn., to Springfield, Mass., 18 miles, operated from Sep., 1902; total,
185 miles; also Dutchess Co. RR., Poughkeepsie to Hopewell June,
12 miles; traokage, 1 mile. V. 72, p. 1279; V. 73, p. 337; V. 76, p. 435.
Organization.—Incorporated In January, 1899, per plan In V. 66,
p. 574, and V. 67, p. 789, as suooessor of Phil. Read. & New Eng. RR.,
sold In foreclosure Oct. 6. 1898; V 68. p. 84. In Feb., 1904, the New
York New Haven & Hartford RR. acquired a majority of the stook
and $5,100,000 of the $7,250,000 income bonds; V. 78, p. 701, 768.
Owns $1,390,000 Hartford & Conn. Western stook
Stock.—The stook is to be held In voting trust for ten years, or until
4 p o interest is paid on general mort. for two years. Voting trustees,
J. P. Morgan, Wm. Rookefeller, Charles F. Choate, Charles F. Brooker
and Charles Lanier.
Bonds.— Of the first 5s, $600,000 are reserved for Improvements.
Interest on Dutohess Co. RR. firsts reduoed to 4*3 p. c
Earnings.— 12 months ending June 30:
Gross.
Balance.
Net.
Oth. income. Charges.
1 2 mos.—
1903-4
$847,751
$138,878
$193,458 def.$19,222
$35,358
&
New
;
1902-3
655,535
133,286
7,565
155.160 def. 14,309
Officers.—C. 8. Mellen of New Haven, President; A. S. May, Treas.,
and J. G. Parker,8eo'y.— (V. 76, p. 47, 435; V. 78. p. 701, 768.)
Central Ohio RR.—See B. & O. RR. Co.; also V. 70, p. 75.
n
.
.
:
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
1763
Subscribers will confer a great favor by giving Immediate notice of any error (Uncovered In these Tables.
aonas— irinoiINTEREST OR DIVIDENDS.
Miles Date Size, or
pal.When Due.
Amount Rate per When Where Payable, and by Stocks— Last
column headings, &c, see notes of
of
Par
For explanation of
Road. Bonds Value. Outstanding
Payable
Whom.
Dividend.
on first page of tables.
Cent.
RAILROADS.
Central Pacific— Common stock, $67,275,500
Preferred stock, 4 p. c, cum., $20,000,000
100
1st ref. M., $100,000,000, g.,gu.,p.&i.en.Ce.o*<fer 1,349
New 3^8, $25,000,000, g., gu., p.<fc i. end.Us.o*&r 1,349
New M. on Lucln out-off, $10,000,000, g. gu.p.&i. 102
Notes for U. 8. debt.due $2,940,635 half-yearly
Cent. Jilt, of JV. ./.—Stock ($30,000,000 author)
Convert, debentures, convert, into stock till 1907
Cent.RR.ofN.J.,Gen.M.for$50,000,000,g.Ce,c<fcr
Equip. M.,Ser. A & B. $420,000 due 7'rly
do Ser. C, $350,000 due yearly
do
Real estate bond and mortgages
.
Guaranteed Bond$—
Leh.A Wllkesb.Coal con.M., gu.,p.4l.,ext. in 1900
5s of 1912,slnk.fd.not gtiar.(not drawn) FP.c
Am.DockA Imp.Co.lstM., gu., redeem, at 110. .o"
Ce
N. Y. & L. Br. gen. M., g. ($192,000 5s)
Leh. & Hud. Rfv.,gen. M., g., guar. Jolntly.Ce.o*
Cent. RR. of Pennsylvania—1st M., $1,200,000. FP
Central of South Carolina—1st mortgage, gold...o
Central Vermont— Stock, $3,000.000
o & r.
1st M., $12,000,000 gold, traflio guar. A
Montreal <fe Province Line Ry., 1st M., gu. p. l.,c
All.
99-*02
1903
.
B
<fc
38
40
AIL
406
Charleston <6 Savannah— See Atlantic Coast Line RR.
Charleston Term'l— 1st M., $1,000,000, g.S..c* & r
Oharl.it West. Oar.— 1st M.,g. ($8,000 p.m.). Ce..o\fer
340
Income M., g., non-oum., ($7,000 per mile) G..0*
Augusta Terminal Ry. 1st M.,g.,gu.,p,&i. end.Ce.
Charlotte Monroe dt Columbia— 1st M., $70,000, g.
22
fl
On coupon bonds J&J; on
b Includes $1,167,000
Central Pacific
—
registered bonds
1899 500 &o.
1899 500 &o.
1904
1899
100
1883
1,000
1887 500 Ac.
1,000
1,000
4is
Q.-M.
1875
1,000 12,175,000
M. & N.
1888 1,000
5
2,691,000
J. & J.
1881
5
1,000
4,987,000
1891
1,000
1,745,000 4&5 g. M. & S.
1890
5g. J. & J.
1.000 i 1,062,000
M. & N.
1893 500 &c
6
600,000
1881
6g. J. & J.
300,000
1,000
100
3,000,000 $2,185,1 00 held
1899 1000&0. 11,000,000
4g. Q.-F.
1900 100 &o,
4g. A. & O.
200,000
1903 1000&0
1896
1,000
1896
1,000
1897
1,000
1902
1,000
By,- (See Map of Southern Pacific.)
Miles.
Branches to San Jose, eto
Trackage—
871
Lathrop, Cal., to Goshen, Cal. 146 Into Ogden, eto
38
Ogden, Utah
11
Roseville Junction, Cal., to
Oregon State Line
296
Total
1.362
organization.— Incorporated in Utah in July, 1899, as successor of
the railroad under the plan of readjustment in V. 68, p. 378, by whioh
the Southern Paoiflo acquired the entire capital stook and guaranteed the principal and interest of the new bond Issues.
Stock— (1) Common stock, $67,275,500, all held by So. Pao. Co.
(2) Preferred stock, 4 per cent cumulative, authorized issue $20,000,000, to be delivered to Southern Pacifio Co. in consideration of issue
of equal amount of Southern Pacifio Co. 4 per cent collateral
trust gold bonds; of which delivered on completion of readjustment, $12,600,000; reserved to be delivered only to provide additional funds, if required, for the payment of 3 per cent notes to the
United States, and thereafter only for betterments and additions,
$3,000,000; reserved to be delivered for improvements and additions
at not exceeding $200,000 yearly, $5,000,000.
Bonds—First refunding M. gold 4s, $100,000,000, seoured by all
the railroads, terminals and equipment now owned, including about
1,349 miles of first track, etc., by deposit as collateral security of over
95 per cent of the old mortgage bonds. Of the authorized issue
$26,465,000 is held by the United States as collateral for 3 per cent
notes. See Abstract. V. 69. d. 808. and V. 70, p. 739; V. 78, p. 228.
Thirty-year gold 3^8, $25,000,000, seoured by a second lien
upon all the properties covered by the 1st ref mortgage, and also by
deposit with the Trustees as acquired of all securities and moneys held
In any sinking fund of the Central Pacifio Ry., consisting July 1, 1902,
of $9,332,000 in securities and $1,169 cash, and by a trust deed
upon all the lands covered by the mortgage dated Oct. 1, 1870.
See Mortgage Abstract, V. 69, p. 858; also see p. 851. From the proceeds of these sinking funds and land sales cancellation of bonds will
be made from time to time; in February, 1900, $2,505,000 3^8 were
canceled, and to Apr., 1904, $3,735,000 additional had been canceled
reducing those outstanding to $18,040,500. V. 70, p. 739; V. 70, p. 1194.
Twenty three-per-cent notes, aggregating $58,812,714, issued to
the Government in settlementof subsidy debt; $29,406,357 paid, leaving $29,406,357 to mature, $2,940,635 half-yearly thereafter to Feb.,
1909. First refunding 4s are deposited to retire them when due.
In Oct., 1904. $8,300,000 fifty-year 4 p. c. guaranteed bonds on the
Luoin cut-ofl*. Oeden to Luoin, Utah, 10^ miles, forming part of $10,000,000 authorized, was solo* V. 79, p. 1641.
Land Grant.—Total land grant was about 12,000,000 acres, of which
about 6,732,538 acres remained unsold on June 30, 1903. Sales in
1902-3, 31,508 acres; cancellations, 18,658 acres. Land contracts
July 1, 1903— principal, $822,741 average price per acre, $5 98.
Earnings.— 7 mos. ) 1903-4 ...Gross, $13,775,430; net, $5,556,998
July 1 to Jan. 31.
12,847,305; net, 5,379,556
S 1902-3.... Gross,
For 9 mos. ending Mar. 31, 1S04, net, $6,599,659; fixed and other
charges, $4,184,220; bal., sur., $2,415,439.
Report— In 1902-03, gross, $21,121,671; net, $8,482,194; other
income, $863,844; int., taxes, sinking funds, etc, $\263,222; bal.,
but., $4,082,917— (V. 78, p. 228,2333, 2598; V. 79, p. 1641).
Central
of
Jersey.— (See Map Phila. dt Reading Ry.)—
Operates from Jersey City, opposite New York City, westerly to
Wiikesbarre anc Scranton, Pa., and the neighboring anthracite coal
fields
also southerly to the seashore resortsof New Jersey, etc.:
Lines owned in fee.
Susquehanna, PhilMiles. Lehigh
72
lipsburg to Union Juno. eto. 171
Jersey City to Phillinsburg
5
Sundry branohes
82 Wiikesbarre & Soranton U
36
Entire stock owned.
Lehigh & Lackawanna
New York & Long Branch RR.,
Other lines
9
Perth Amboy to Bay Head.. 38 AllentownTerm. (oper. Jointly) 3
New Jersey South'n RR., Long
Trackage
10
Branoh to Atsion, etc
76 Union Coal RR
2
Other lines (no debt)
141 Lehigh & New England
5
Leased (mostly for 999 yrs.) Miles. Tresckow Branch
;
New
1
;
&
,
. .
—
Ogden Mine RR.
—
10
See this company.
IT
Nesquehoning Valley U
Total operated July 30, 1904.677
17
There are 263 miles of second and 30 miles of four tracks.
History.— Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia & Reading. Receivers were in possession from
Ian. 1, 1887, till January, 1888. Reorganized in 1887 without foreslosure— see plan V. 44, p. 714. 716. Concerning coal properties, see
Lehigh & Wiikesbarre in Supp. of Jan., 1903 (p. 159), and Lehigh Coal
&Nav. in "Miscellaneous." In Jan., 1901, Reading Ry. acquired
11
$14,500,000 of the stock.
Drv.— 5
V. 72, p. 86, 136, 241, 391, 721.
'91. '92 to '94. '95. '96. '97.'98. '99. '00. '01. '02. '03.
445
88
1904.
8
5
7 yearly. 5*3 5 4*4
Bonds.— For general mort. abstract see V. 45, p. 402.
The L. & W. Coal mortgage is for $15,000,000; the bonds, formerly
7s., of which $12,175,000 have been issued, were in 1900 extended at
4^ p. o. and guaranteed, prin. and int. See guaranty, V. 71, p. 26.
P.
c. (
6*2
do
Aug. 1, 1949
Aug. 1, 1929
1954
do
Feb.*05-Fb.'09
N. Y.Off., 143 LibertySt. Nov. 1, '04, 2%
N. Y., Liberty Nat. Bk. May 1, 1908
do
do
do
do
do
do
do
do
July 1, 1987
1904 to 1912
To 1913
Various datea
do
do
do
do
Nat. Exch. Bank.
do
do
do
do
N. Y.,
Phil ,FId.I.Tr.& S.D.Co.
Co.
N. Y., Cuyler, M.
&
5
6g.
5g.
June
1,
1,
1,
Sept. 1,
July 1,
1,
July 1,
Nov.
July
May
1910
1912
1921
1941
1920
1943
1921
by Grand Trunk Ry. of Canada.
Bos.,
Am.
L.
& T. Co,
do
do
J. N. Y., Standard Tr. Co.
O. N. Y., Central Tr. Bank.
If earned.
Oct.
N. Y. Cent. Tr. Co.
A. & O.
A.
O. R'dT.&S.D.Oo.,Rd,Va.
&
al
&
May
July
Oot.
Oct.
Apr.
Oct.
l,
1,
1920
1950
1,
1,
1,
1.
1,
Oot.
4g. J. &
5g. A. &
800,000
2,720,000
2,380,000
600,000
70,000
a Guaranteed Jointly with Le high Co
Q.-J
Pacific Company.
Pacific Company.
N. Y.. 120 Broadway,
1953
1946
1946
1947
1932
Navigation Co.
in treasury July, 1904.
Miles.
Lines owned
Ban Francisco, Cal., to near
RR.
$67,275,500 Held by South'
12.800,000 Held by South'n
4g. F. & A.
a70,496,000
3^ g. J. & D.
18,040,500
4g.
8.300,000
3
26,465,723
27,418,800 8 In 1904 Q.-F.
M. & N.
6
47,000
ir
5 Kb45,091,000
Various
4
2,850,000
Various
4
3,150,000
Various
5
179,100
Jointly and severally with the Lehigh Coal & Nav. Co guarantees $1,062,000 Leh.& Hud. Rlv. Ry. Gen. 5s, prin. and int. See V. 67, p. 788.
Earnings.— For 3 mos. ending Sept. 30:
Net.
Oharges.
Ba'., sur.
Cross.
3 mos.
$5,735,979 $2,788,817 $1,784,579 $1,004,238
1904
2,518,304
1,478,216 1,040.088
5,640,700
1903
Charges in 1904 include $300,350 for additions and improvements.
Anndal report. -The report for 1903-04 was in V. 79, p. 1326.
1904.
1903.
1902.
Earnings from$6,960,722
$6,868,077
$5,949,186
Merchandise
6,054,769
7,741,409
5,717,062
Coal
3,280,877
3,045,331
2,«86,517
Passengers
303,776
336,287
292,665
Express and mall
94.807
85,203
Miscellaneous
1 02,657
Total grossearne. rail lines* 1 8,421,952 $16,357,156 $14,740,237
$8,576,373
$6,342,34^
Net earnings
$6,498,393
1,497,265
1,507,794
1,965.929
Other income
$8,4b4,322
$10,073,638
$7,850,139
Total net income
2,843,308
$2,866,490
$2,717,186
Interest on debt
2,406,994
2,456,148
Rentals paid
2,231,326
473,951
415,887
Taxes
415,687
1.665,146
Renewal funds, eto
440,000
(3)2,193,464 8)2,193,264 (7 14)1,985,H48
Dividends
def.58,468 sur.*«74,475
sur. $467,594
Balance, surplus
Directors,May,1901,V.72,p.987; (V.79,p. 1264, 1326, 1641.)
Central RR. of Pennsylvania.— Owns Bellefonte (Penn. RR.)
to Mill Hall, Pa. (on Beech Creek RR.) 27 miles; branch, 5 miles;
operates Nittany Val. RR., 7 miles. Current liabilities June 30, 1903,
$568,316. For year 1902-3, gross, $89,669; net, $18,989; charges,
(
—
$61,148;
defloit,
$42,159.
Stook, $1,200,000; par, $50.
Central RR. of South Carolina.— Owns from Lane, 8. C, to
Sumter, S. C, 402 miles, spurs, etc., 1"61 m.; total, 4181 m. Leased
to the Atlantic Coast Line RR.; renta), $31,000 yearly and taxes.
Stook, $170,000, par $50. In 1903-4 rental received, $31,000; general expenses, $269; interest, $18,000; divs. (7*20 p. c), $12,240; bal.,
sur., $491.— (V. 64, p. 887.)
Central Ry. of New Brunswick.—See New Bruns. Coal & Ry.
Central Vermont Ry.—Operates from Rouse's Point, at north end
to New London, Conn., with branches 531 miles in
218 miles leased, viz.: New London & Northern (see that
Montville Br., 3; Montreal <fe Province Line Ry., 40
Organization.—Succeeded May 1, 1899, per amended plan in V. 67,
p. 735. the Central Vermont Railroad, foreclosed. V. 68, p. 1076.
Securities, Etc.— The Grand Trunk Ry. holds $2,185,100 oJ
the $3,000,000 stock, and under a traflio contract will make good any
deficiency in earnings to meet interest on the new firsts up to 30 p. o.
of Grand Trunk gross receipts from traflio interchanged. Montreal &
Province Line Ry. bonds, see above. V. 71, p. 390, 697.
Report.— For year ending June 30, 1903, in V. 77, p. 2095, showed
of
Lake Champlain,
all of which
oo.), 157
;
m
Tear.
1903-4
1902-3
Cross.
Net.
Oth. inc.
Charges.
Bal., sur.
$659,593
$10,840
$667,787
$2,646
660,509
10,840
667,787
3,562,
Officers.— President, Charles M. Hays Clerk ana Treasurer, W. H.
Chaffee, St. Albans, Vt.— (V. 77, p. 2095; V. 79, p. 1641.)
Charleston & Savannah Ry.— See Atlantic Coast Line RR.
Charleston Terminal Co.— Road. Owned terminal road in
Charleston, 8. C, 3 miles; double track laid with 60 pound steel.
Company also owned 14 wharves, 30 warehouses, about 30 acres of
land, 4 ootton compresses, etc, on the city's water front, these being
oonneoted by its own road with the other railroads entering the city.
A reorganization of the East Shore Terminal Co.'s RR., foreclosed
July 14, 1903; V. 77, p. 146, 298. Stock, $200,000, owned jointly by
Atlantlo Coast Line RR. and Southern Ry. Of the bonds, $200,000
are reserved lor future purposes. President, Wm. E. Huger; Treasurer, R. D. Lankford; Secretary, Henry Fraser. (V. 77, p. 298.)
Earnings.—Net earn'gs for year ending June 30, 1902, old company,
were $25,807; in 1900-01, $22,042— (V. 76, p. 1300; V. 77, p. 146.)
$3,524,291
3,636,382
;
—
Charleston & Western Carolina Ry.—.Port Royal, S. C, to
Augusta,Ga.,112 m.,and Spartanb'g, Greenville aiid Anderson. 227 m
trackage, 3 m.; total, 342 miles. A consolidation Oot. 3, 1896, after
foreclosure sale. Entire stook and large portion of income bonds were
acquired by Atlantic Coast Line in Dee., 1897. V. 66, p. 38, 335.
Stock.-$1,200,000; par, $100. A full statement as to Augusta
Terminal Ry Co. and its bonds was in V. 66, p. 383.
Earnings.-Fot year ending June 30, 1903, gross, $1,111,061; net,
$189,844; other income, $25,563; total deductions, $215,200; surplus,
$207. President, J. B. Cleveland, Spartanburg, S. C; Secretary, R. D.
Cronly, Baltimore, Md.— (V. 73, p. 1207.)
;
Charlotte Monroe & Columbia RR.— McBee, S. C.„ on Seaboard Air Line to Jefferson, 22 miles; extension to Jefferson, 11 lnilen
was completed Oct., 1903. Stock, $48,000. In 1902 filed above mortgage to the Riohmond Trust & Safe Depositee, as trustee. V. 75,
p. 1030. For year ending Jan. 31,1904 (11 miles), gross, $18,091;
1764
RAILWAY STOCKS AND BONDS
[Vol. lxxix.
—
.
RAILWAY STOCKS AND BONDS.
•Oct., 1904.]
RAILROADS.
Miles
For explanation of column headings, &c, see notes
on
first page of tables.
Date
Size, or
of
of
Par
—
&
Ohatlahoorhte Valley - 1st M., $110,000
A B.
Chattanooga Southern—Stock ($750,000 la pref.)...
Chesapeake Beach—1st M., $1,000,000, gold.N..o*
Chesapeake & Ohio Stk. (transf'r agt.J.P.M.&Co.)
6s, gold, ser
"A & B'.Ce
o*
c
lstmort.,of 1911, Penln. Ext., gold.
1901
1893
1896
1900
5
I
1898
428
75
1,000
1878
1,000
1881
1,000
1882 500 <feo
1889
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1,000
1892
1,000
500 <feo
8
664
252
252
26
25
Craig Valley branch 1st mortgage, gold
Ce.c*
Warm Springs Branoh 1st mortgage, gold..Ce.o*
General mort. (for $70,000,000, etc) gold..Ce o* 1,174
Klneon Coal mort., assumed, red. beg. Oct., 1005
Greenb.&NewRlv.RR.lstM.,g.,ass.(V.75,p.562)
"l8
Greenbrier Ry. 1st M., $3,000,000, g., ass.^ol.o*
Collateral notes (Ches. & Ohio) gold (see text)
Car contracts, payable monthly on 4,700 cars..
Car trusts on 25 loco, and 1,000 cars, pay. ann'ly
Oar trusts, ser. B, g., $20'\000 due y'rly..OP.c*
Car trusts, ser. C, g., $50,000, due semi-annually.
Car trusts, ser. D, gold, $200,000 due yearly
Car trusts, ser. E, g $50,000 due semi-ann
.
1900
1904
99'02
1901
1902
190?.
1,000
1,000
5,000
1,000
1,000
1903
1903
,
Guaranteed Bonds.
Elevator Co. 1st M.,gold,p. &i. guar
Ce.c"
2d mortgage, for $500,000, income, non-cum.c*
&
500
1,000
100
&
C.
1,000
1,000
100
"34
Ter'l 1st m.,1922, covering 8 m., to Phoebus.g.c*
lstoonsol. mort. for $30,000,000, gold..Ce.o*&r
Rich. All Div. lstcon.M.,g. See text... Ce.c
2d cons. M., Rich. via. Lynchb. to Clifton F.Ce
.
$50
23
10
10
10
2d mortgage, $24,000, Ce
—
1888
1888
1893
O. 88. 1st M. deb. red. at par, gu., p. & 1
called yearly at par.
ft Series "A" are A. <feO.;
a £10,000
Dividends— >
'91. '92. '93. '94. '95. '96. '97. '98. '99-'02.
8
10 10 8
9 10 10 7 y'rly.
& Lake
Chateaugay
Placid Ry.
(See
map
Del.
<£
RR.—West
*100
a£50.000
'B" t$l 3,354), M.
'03.
Hudson). —
Point, Ga., to Jester, Ala.»
8tock authorized, $1,000,000; outstanding, $110,000; par
Bonds, see table above. For year ending Nov. 1,
1902. gr >ss, $34,602; net, $13,974; interest on bonds, $6,000; dividends (5 p. c), $5,500; bal., sur., $8,974.
Chattanooga Southern
Owns road, completed In June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 miles trackage to Chattanooga, 5 miles
sidings and
spurs, 10 miles total of all track, 105 miles. Successor to Chattanooga Southern Ry., sold in foreclosure Feb. 14, 1895 plan in V. 61,
p. 830, but in October, 1904, the new bonds had not been issued.
The new lsts were to be $5,000 per mile on present mileage and $10,000 on extensions; and the income mort. 5s, $750,000. V. 63, p. 401.
Earnings.— 2 mos., > 1904
Gross, $27,536; op. def., $11,349
July 1 to Aug. 31. $1903
Gross, 20,580; net,
2,721
Year ending June 30, 1904, gross, $111,253; def. under oper. expen.,
$16,603. Sec, E.C. Osborn, 31 Nassau St., N. Y.— (V. 63, p. 823.)
Chesapeake Beach Railway.—Washington, D. C, to Chesapeake Beach, Md., 34 miles; opened May 1, 1903. Stock, $1,000,000, all outstanding; par, $100. President, Svl. T. Smith; Vice Pres.,
A. O. Ridgway; Sec. and Acting Treas., Paul Y Waters. Office, 1416
New York Ave.. Wash., D. C. (V. 69, p. 228; V. 75, p. 980.)
Chesapeake
Ohio Ry.— (See Map.)— Operates from Newport
News Va., and Washington, D. C, to Cincinnati, Ohio, with branches.
Lines owned in feeMiles.
Old Point Comfort and NewBridge— Covington, Ky., to
port News via CharlottesCincinnati, Ohio
2
ville to Ashland, Ky
512 Garrison to Carter, Ky
20
Richmond via Lynchburg to
Lines leased—
Clifton Forge, Va
230 Sundry branches leased
41
Branches In Va. and
Va.. 340 Trackage to Louisville
84
Lines controlled by stock, etc.
Trackage to Washington, D.O.
85
Big Sandy River to CovingOther trackage
31
miles.
of shares, $100.
RR.—
;
;
;
;
&
W
—
Ky
150
Denton, Ky., to Lexington.. 103
Total system June 30, 1904.1,671
Branches in Kentucky
74 Of which second track
178
Also owns one-sixth interest In the Richmond-Washington Co.
History, &c. —The former Chesapeake & Ohio was sold in foreclosure April 2, 1878, and this oompany organized. Da 1888, under
ton,
g.
g.
g.
4g-
;
Chattahoochee Valley
4
830,000
450,500
Operates from Plattsburg, N. Y., to Lake Placid, 80 miles, of whloh
Plattsburg to Dannemora, 1 6 miles, is leased from State of New York
lor one dollar and free transportation of ft eight to the State's Prison
at Dannemora, and balance owned. Standard-gauged in 19o3 04. V.
78, p. 985. A consolidation in July, 1903, of the Ohateaugay Ry., the
Chateaugay RR. and the Saranac & Lake Placid RR V. 77, p. 249.
Stock. $450,000. Leased to the Delaware & Hudson for 500 years
from Jan. 1, 1903, any balance over expenses of operation. Interest,
taxes, maintenance, damages, etc., to go to the lessor. The lease is subject to revision after 5 years on request of either party. (V. 77, p. 249.)
Chatham &. Lebanon Valley RR.—See Rutland RR.
Chattahoochee & <»ulf RR.— Columbia, Ala., to Floralia, 92
miles. V. 71. p. 806; V. 75, p. 848, 1146.
Lease.— Leased In 1900 in perpetuity to Cent, of Georgia Ry. for 6 per
cent on $436,400 stock and $387,000 bonds, of which 1 p. o. to be used
as a sinking fund for retirement of bonds, upon completion of whloh
rental will be 5 p. o. on stock, payable J.- J. See Central of Ga. Ry.
(V. 75, p. 848, 1146, 1301; V. 77, p. 195, 2279.)
le 1^
4
1,000
1,000
7^
)
$645,300 8 In 1904
625,000
3»fl g.
120,000 5 (6) g.
5
24,000
5
(?)
3,000,000
5 K1,000.000
62,799,400 1 In 1903
6 K2,013,354
6 K2,000,000
6 K142,000
5 «•
25,858,000
4 K6,000,000
4 *•
1,000,000
5 K650,000
5 K400.000
4iflg.
38,073,000
5 K200,000
5 K339,000
4 K.
2,000,000
5 S4,000,000
540,110
700,000
4g.
the direction of Drexel, Morgan & Co., reorganized without foreclosure,
and the road extended to Cincinnati. The consolidation with the Richmond & Alleghany was consummated In January, 1890. The Elizabeth
town Lexington <te Big 8andv and other roads were absorbed in 1892
aud Greenbrier and other roads in 1903.
Capital stock— Common stock authorized, $63,260,300; outstanding, £62,790,400; Increased from $40,000,000 to this figure since 1892
through exchange of practically all the $25,000,000 of preferred stocks
for common stock and general mortgage 4*a per cents in certain proportions and acquisition of stocks ot other companies V. 77, p. 450,
768. Firs preferred for $8,200 and second preferred for $«00 only
was outstanding June 30. 904. See terms of exchange in V. 74, p. 642.
Stock may be reduced ny majority vote of stockholders. V. 70, p 175.
dividends.— 1899 to 1903, both inolusive, 1 p. o. yearly.
Bonds.— Abstraot of oonsol. mortgage of 1939 in V. 49, p. 147; of
!
.
Rlohmond & Allegheny mortgages in V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. Wlokham
trustees) is for $70,000,000, but additional amounts at $25,000 per mile
&
Whom.
Payable
Cent.
4
1904.
8
8
Earnings.— For year ending Dec. 31, 1903, gross, $701,329; net,
$135,715; other income, $10,751; Int. and other charges $25,3 39; improvements, $63,964; dividends, $51,6i4. In 1902, gross, $634,256;
net, $190,601.-(V. 73, p. 615.)
(p.c.)
Rate
1,600,000
800,000
2,000,000
1765
Bonds — PrinciINTEREST OR DIVIDENDS.
pal, When Due.
per When Where Payable, and bv Stocks— Last
950,000
net over interest, $9,172; dividends (15 p. c), $7,200. President,
Ernest Villiams.— (V. 75, p. 1030.)
Chartlers Ry.— Owns from Carnegie, Pa., to Washington, Pa., 23 m.t
Leased till 1971 to the Pittsburg Cincinnati <fe St. Louis (now Pittsburg Cincinnati Chicago & St. Louis); the rental Is net earnings.
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,850.
Since '90
Amount
Road. Bonds Value. Outstanding
Charlotte Columbia <& A ugusta— See Southern Rt.
Oharliers Stock
1st mortgage, $625,000, gold
c*
L PL, 1st M., g.Ce.o*
Chat. <fi Lake Placid— Sar.
Mortgage
;
&
&
M. &
M. &
A.
A.
J.
J.
&
&
O. Co.'s office, Pittsb'g.Pa. Oct. 1, '04, 4%
do
O.
do
Oct. 1, 1931
N. N.Y., 21 CortlandtSt.
Nov. 1, 1913
N.
do
do
Nov. 1. 1913
J. Am. L. & T. Co., Boston. July 15, 1920
J. Office, Washington, D.C
Yearly. N.Y..J. P.
IT
A.
J.
M.
J.
J.
J.
M.
M.
A.
P.
M.
&
&
&
&
&
&
&
&
&
&
<fe
Dividend.
Morgan &
do
do
do
do
do
do
do
do
do
J.
do
do
do
J.
do
do
J.
8.
do
do
do
do
8.
O. Cen.Tr.&S.Dep.,Cin.,0
O.
D.
N.
Richmond.
P.Morgan & Co
do
do
A,
N. N.Y., J.
A.
& O
F.
F.
&
A.
& A
M. & 8.
F. & A.
J. & D.
July 1, 1923
Not.27,'03,1%
July 1, 1908
1911
192S
1939
Jan.
1989
Jan.
1989
July
1940
Mch.
1941
Mch.
1992
Oct.
1915
Aug.
1942
Nov.
1940
1906
Apr.
To May, 1907
Jan.
June
May
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
4,
Aug., 1905-11
Glrard Trust Co., Phila Feb 15,'05-'12
N. Y., Blair
& Co.
do
M'h '05-Sep'12
Aug.
do
1,
1913
Deo.,'04-Do.l3
4
A. & O. N.Y., J. P.Morgan
do
do
Oct. 1.
5g.
J.
&
Co,
& Co
London.
J.
Oct.
Oct.
Jan.
1,
1,
1,
1938
1988
1909
N.
may
be issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 oonsols of 1889, Issued or to be issued, etc. The balanoe unissued may be
sold for new acquisitions, rolling stock, etc., but not more than
$2,000,000 thereof in any one year. The mortgage covers the entire
Sroperty of the company, real and personal, at the time the
mileage
eed was made, and all additional property and
acquired with the proceeds of the bonds. See full abstraot of mortgage
In V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. Ln June, 1904,
$38,073,000 had been listed on New York 8tock Exchange, $5,000,000
having been sold during 1902-04 for construction and improvements.
V. 76, p. 381; V. 77, p. 710, 1532; V. 78, p. 701, 988, 1108.
The Louisville A Jeffersonville Bridge bonds, of wnloh $3,000,000
are outstanding, are guaranteed jointly and severally by the Chesapeake & Ohio andCleveland Cincinnati Chicago & St. Louis; any defloit
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.
Of the Greenbrier Ry. 4s of 1900, guaranteed principal and interest,
and assumed in 1903-4, $1,000,000 are reserved for extensions and
improvements. See guaranty, V. 72, p. 626; see also V. 71, p. 554, 602;
V 79, p. 915. Of the Big Sandy 4s ,of 1903, $1,000 000 is reserved
for future extensions and improvements. V. 79, p. 917.
The car trusts, series B, cover equipment costing $2,343,120, including 25 looomotlves, 1,000 steel gondolas, 300 wooden box cars, 400
wooden gondolas, etc.; series C, 1,000 gondolas; series D, 50 looomotives and 1,000 gondolas; series E, 1,000 F. B. steel gondolas. V. 75,
p. 239, 393; V. 79, p. 916.
Operations, Finances, <fec— Since the reorganization in 1888, when
the control of the oompany was placed for five years in the hands of
trustees, the property has been greatly enlarged and Improved.
In Jan., 1900, Pennsylvania Interests purchased a large blook of
stock, and with the Morgan- Vanderbilt Interests now own a majority
of the stock. V. 70, p. 75, 632; V. 72, p. 480,
On June 30, 1903, the N. Y. Cent. & Hud. Riv. and Clev. Cin. Chic. A
St. Louis owned stock representing outlays respectively of $1,638,455
and $2,453,569. V. 71. p. 398,5-5. On Jan, 1, 1904, the Pennsylvania RR. proper owned $10,130,000, the Pennsylvania Company,
$10,000,000 and the Northern Central $1. 500,000 of the stock.
As to purchase of one-sixth Interest in majority Hocking Valley
common stock, see that company. V. 77, p. 1225.
In 1904, $4,000,000 of two-year 5 p. o. collateral gold notes ($5,000
each) due April 4, 1906, were sold, seonred chiefly by Big Sandy Ry
guaranteed bonds. V. 78, p. 1391; V. 79, p. 917.
The O. <fe O. SS. Co line was formally opened Sept. 7. 1893, and owns
six steamers, using the railroad wharves at Newport News.
Earnings.— 2 mos., )1904.
Gross, $3,491,284; net, $1,359,540
July 1 to Aug 31. $1903..
Gross, 3,216,666; net, 1,203.874
Annual Report.—Fiscal year ends June 30. Annual meeting is
held at Richmond on the Tuesday preceding the last Tuesday in
October. Report for 1903 04 was given in full in V. 79, p. 900, 915,
and showed the following. See also editorial p. 880.
Traffic— Of the total tonnage (11,550,017) in the year 1903-04, coal
and coke furnished 6,434,310 tons, or 56 per cent of the whole
products of agriculture furnished 8 per cent. Average rate received
on seaboard coal, 3-37 mills per ton per mile; on all freight, 470 mills.
Tear ending June 30—
1904.
1903
1902.
Miles operated
1,671
1,641
1,636
Passenger earnings
$2,954,919
$3,648,233
$3,474,905
Freight
14,869,188
12,510,006
12,833,806
Express, mail and miscel.
735,653
780.105
726.691
Total earnings
$19,297,526
Oper. expenses and taxes 13,298,040
$16,711,602
11,499,837
$16,524,378
10.822,335
Netearnings
$5,999 486
Otherincome
169,272
Total and net income. $6,168,758
Interest on bonds, &c... $4,674,245
$5,211,765
190,374
5,402,139
$4,132,534
Extraordinary expenses.
861,366
Dividends
(1)627,904
Balance, surplus
$5,243
(1)605,299
$5,702,043
136,431
$5,838,474
$3,778,066
1,440,814
(1%)605,291
$14,303
.">91,012
$73,294
Officers.— President, George W. Stevens, Richmond, Va.; VicePresident, D'catur Axtell, Richmond, Va
Treasurer, C. E. Potts.
Richmond, Va Secretary. C. E. Wellford, Richmond, Va.; Comptroller, L. F Sullivan, Richmond, Va.
Di-ectors
Decatur Artell, John P. Green, S. M. Prevost, George W. Stevens
Chauncey M. Depew. William H. Newman, Samuel Rea, H. McK. Twomblj
;
;
—
U. T. Wickham.
-(V. 77,
p.
1532; V. 78, p. 1391, 2598; V. 79, p 211, 900, 915.)
Chesapeake Western Ry.— Owns North River Gap, Va., to
Bridgewater, 14 miles; opened May 1, 1902; leat-es for 99 years Ches-
apeake
&
Western RR., Bridgewater to Elkton, 27 miles; total, 41
miles
Projected to tidewater on Chesapeake Bay, and westerly Into
the West Virginia coal fields, of which 14 miles from Bridgewater to
North River
Co.
Gap
is
completed.
Controlled by Chesapeake Western
V. 75, p. 1353; V. 78, p. 2383.
Stock authorized, $50,000,000; outstanding, $1,419,600, of which
$608,400 is preferred. Ches. & West. RR. has $533,500 common and
$32,900 pref. stook outstanding. C. W. Ry. mortgage of 1901 has
176G
RAILWAY STOCKS AND BONDS.
,Vo:l.
lxxix.
—
r
RAILWAY STOCKS AND BONDS.
Oct., 1904.
1767
Miles Date Size, or
Amount Rate per When
of
of
Par
For explanation of column headings, &o. see notes
Payable
Road. Bonds Value. Outstanding Cent.
on first page of tables.
f
&
Ohio— GUARANTEED BONDS— (Con)—
Chen.
Lo.AJefl.Bdg.l8tM.,$5,000,000,gu.p.Ai.,end.1T.*o
(V. 67, p. 322) gu. p.&i.
Norf Ter. A Trans. 1st
Passenger A Belt Rv. (Lex., Ky.), 1st mort., gold
Big Sandy Ry. IstM., $5,000,000, gold
1895
1898
M
.
4
77
27
41
4
58
58
58
Chesapeake Western— Q. A W. RR. 1st M., gold..N
Ches. West. Ry. mortgage, $1,435,000, gold., o*
Chestnut Hill RR.— Stock, rental P. & R. Ry
&
Chic.
Alton Ry.—Com.
stock, $20,000,000....
Pref. stook, 4 per cent,non-onm., $20,000,000...
First lien M..$22,000,000,g,sub.call at par.F.cfer
AAlton RR.refund'gM., g. See text.icc*<fer
Coll. notes, $5,000,000, g., red. par, 1904. Me..
Joint equip, notes ($9,500 due semi-an.)
o*
Miss. Rlv. Br., 1st M., g., ass'd, s. f.,dr'n at 100.
Kansas City St. L. & C. pref. stook, guaranteed..
Joliet & ChiCy 7 p.o. stook, perpet.,guar. by C.AA.
Louisiana & Mo., guaranteed preferred stook
Chieago Burlington Qui ncy— Stook,7 p.o.rental
Con. M. cov'ng Ch. Ter. (now 1st M.) ext. in '03.0*
IllinoisDiv. mortgage, >
our.
All
Ch.
&
1904
1896
1901
$1,000
1,000
1,000
1,000
500&0
1,000
50
100
100
1900 1,000 Ac
1899 1 ,O00Ao
1903
5,000
1877
1,000
1,000
162
37
101
100
100
100
100
826
.
,
Bowling Green Trust Co. of New York as trustee. V. 73, p. 899, 1356.
Year ending June 30, 1904 (41 miles), gross, $57,665; net above taxes,
$5,230. President, Robert Mo M. Gillespie; Treas., W. H. Hall. Office,
71 Broadway, N. Y-(V. 74, p. 986; V. 78, p. 2383.)
Chest unt Hill UK.— Owns from Germantown no Chestnut Mill
Pa., 4 miles; being double-tracked May, 1902. Re-leased in 1896 to
Phila. & Reading Ry., the rental being reduced from 12 per cent to 6
percent on stock, the latter being increased in June, 1902, from
$120,650 to $195,650 — (V 74, p. 936, 986; V. 75, p. 76.)
Chicago 6c Alton Ky.— (See Map)—Road— Chicago to St. Louis,
Kansas City, etc, in all 915 miles, of which about 110 doable tracked.
Road Owned—
Miles.
Leased Line*.—
Miles.
Barnettto Columbiana, III ... 52 Roodhouse, 111., to Kansas
Springfield, 111., to Grove, m.
54
City, Mo
251
Leased Lines—
Bloom in gton to Wann, via
Chicago to East St. Louis, 111. 280
Jacksonville
Godfrey A
Coal City Line, Ind
25
Upper Alton (all in 111.).. ..158
Dwlght, 111., to Washington
Trackage to Peoria, III., etc.... 23
ahdLacoD.Ill
80
Mexioo, Mo., to Cedar City, Mo 50
Total of all owned, leased and operated in system
973
The railroad company in Sept., 1904, purchased the Quinoy Carrollton & St. Louis Ry., Barnett to O 'lunobiana, 111., 52 miles, with traokCut-off between Mexico, Mo., and Old
age, 6 miles, included above
Monroe, 65 miles, jointly built with Chic. Burl. & Quincy. was opened
.
See Bonds below.
Organization— This railway company was organized in April, 1900,
and purchased substantially all the stock of the Chicago & Alton
Railroad Company, viz., $18,322,400 of the $18,751,100 common and
Sept., 1904.
3,472.200 of the $3,479,500 preferred stock, all of which has been
teposited as security under the first lien mortgage of 1900; also the
line of the St. Louis Peoria & Northern between Springfield and Grove,
58 miles. The railroad, whose separate existence is maintained for
legal reasons, has been leased for 99 years from April, 1900. the rental
being the net earnings, after payment by the lessee of all interest on
bonds taxes and other charges, etc. See V. 70, p. 686, 995.
Stock.—Authorized, $20,000,000 each of common and 4 per cent
non-cum. preferred; issued in amounts as shown in table above, the
unissued stock being reserved to exchange for the outstanding stock
of the railroad company not now owned.
Sale of Stock.— In Sept., 1904, a majority of the pref. stock which
had been deposited under an agreement authorizing the sale thereof
was sold to new parties, the depositors receiving $84 per share for
their holdings. The Union Pacific an<i Rock Island interests, it is un
derstood will have joint control.. V. 78, p. 47, 342; V. 79, p. 151, 1331,
.
1461.
Dividends.— Dividends on preferred paid Jan., 1901, to July, 1904,
both inclusive, 4 per cent yearly (paid J. & J.).
Bonds.—The first lien 3^8 of 1900 are secured by praotically the entire capital stook of the C. A A. Railroad, as shown above, and by a
dlreot first lien on Springfield to Grove, 53 miles. V. 70, p. 894, 944.
8ee application to list in full in V. 71, p. 1021.
The railroad mortgage securing the 3 per oents of 1899 will
provide funds for improvements and extensions.
Bonds in
excess of $40,000,000 may be issued thereunder on vote of twothirds of the stockholders for extensions of not over 500 miles'
main track, at not exceeding $20,000 per mile, to fund leased line renttal obligations and for future betterments not to exceed $5,000,000 at
not over $1,000,000 per annum from Jan. 1, 1900. Stockholders in
1899-00 purchased $31,988,000 of the new 3 p. o. bonds at the rate
of $650 cash for each $1,000 face value; V. 70, p. 739. See official
Circular in V. 69, p. 178; also p. 26, 129, 541; V. 70, p. 429, 995.
The 4 p. c. collateral notes of the railway company ($5,000,000 authorized issue) are secured by deposit of $7,000,000 railroad refunding
bonds, part of $8,000,000 issued to the railway for advances made for
Improvements. V. 77, p. 1746.
Stockholders of Railroad Co. voted on Sept 7, 1904, to authorize the
issue of refunding bonds in excess of the $40,000,000 then sold and
pledged, viz., $5,000,000 for betterments and $350,000 for purchase
of Quincy Carrollton A St. Louis Ry. V. 79, p 21 1 , 967.
In Dec. ,1902, made a joint equipment trust for $475,000 with Mobile
Ohio RR. covering 500 freight oars. V. 76, p. 47.
General Finances.— Expenditures for Improvements and equipment
for 3 years ending July, 1903, were $12,943,329. V. 77, p. 1226.
Latest Earn'8— 2 mos., ) 1904
Gross, $2,140,204; net, $770,047
July 1 to Aug. 31.
$1903
Gross, 2,000,073; net, 702,027
Annual Report.— Fiscal year now ends June 30. Report for year
1903 04 was in V. 79, p. 1458, 1700.
&
1904.
Miles
Gross earnings
Oper. expenses
915
1903.
915
$11,425,853 $10,071,092
7,524,600
6,625,196
1902.
920
$9,225,739
6,023,919
Net earnings
$3,201,820
$3,901,253 $3,445,896
Dividends (7 p. 0.) on Chicago
& Alton KR. stock owned.... x$l,525,622 x$l, 525,622 x$l,525,622
Miscellaneous income
2,517
240,651
244,449
Total income
$5,667,526
$5,215,967
$4,729,959
$3,500,000
500,000
150,000
See text.
666.000
1,419,000
195,650
19,542,800
19,544,000 4 in 1904
3 >ag.
22,000,000
3 g.
•37,338,000
4 g
5,000,000
4
152,000
6
263,000
6
1,750,000
7
1,500,000
7
329,000
7
110,839,100
4
21,699,100
3i9
50,835,000
4
5,992,000
5
b2,332,000
4
c8.049.000
4
d4,300,000
4
e7 ,968,000
5
9,000,000
4
25,344,000
5
2,320,000
6
g8,595,000
6
5,000,000
000, and e, $3,138,9
anteea jointl y and Be
IT
1873
1,000
NB.. 1,642 J 1899 l,000&o
$85i0 oo,000,
U899 l,000&c
Sink, fund, Iowa Div., 5s, (ool. tr.) drawn at 105..
901 J1879 1,000
cftr
Sink, fund mortgage 4s, drawn at 100
U879 1,000
o*Ar
1881
Sink, fund 4s (So. W. Div.) drawn at 100
1,000
Denv.exten. (coll.tr.ib'ds.s.f. dr'natlOO.NB.o* 415 1881 100 &o.
Debentures for Han. & St. Joseph stook
o*
1883
1,000
Nebr'ska ext. $20,000 p. m. (s. f not dr'n) N Bo*&r 1,472 1887 1,000 Ac
NB.o* 121 1895
Chicago & Iowa Div.,collat trust.
1,000
B.AMo.RR. inNeb. < L'd gr., 8. f., dr. atlOO.N B ) 585 51878 600 &o.
Con.M$14000000 ( Exempt, not dr'n till 1908 $
U878 600 &c.
b, $668,000, and
c, $4,549,000 canceled not inolud ed. d, $1,788,
* $8,000,000 additional owned by railway— see be low.
H Guar
,
Bonds — I'rincipal,WhenDue.
Where Payable, and by Stocks— Last
INTEREST OR DIVIDENDS.
RAILROADS.
M.
F.
,r.
K.
A.
A
S.
&
A.
A
&
&
D.
A.
O.
Whom.
N.Y., J.P.
Morgan & Co. Mch.
do
do
do
do
Feb.
do
Jan.
do
June
N.Y., Sec. & Trust Co. Aug.
New York.
Oot.
Q .— M.
Phila., Treas. of.
& J.
& J.
A. A O.
J A J.
J.16&D.
A. & O.
N. Y., 120 Broadway,
J.
J.
—P.
—J.
F.'A A.
Q.^L
J.
J.
J.
A.
A.
M.
F.
M.
M.
&
&
&
&
&
&
&
&
&
&
&
&
J.
J.
J.
O.
O.
S.
A.
N.
N.
Dividend.
do
do
do
N. Y., Equit. Trust Co.
N. Y., 120 Broadway,
do
do
do
do
do
do
N. Y., Boston and Chic.
N Y.,Bk.of Com.ABost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1945
1948
1906
1943
1945
1951
1,
1,
1,
1,
1,
1,
Sept.4,'04,
Ha
Julyl, '04, 2%
July 1, 1950
1949
1907
To June 15 '12
Oct. 1. 1912
Aug. 1, '04, lifl
Oot.
July
1,
1,
Oct., '04,
1%%
Aug. 1,'04, 3*i
Oct.
1, '04,
July
July
July
1,
1,
1,
Oot. 1,
Oct. 1,
Sept. 1,
Feb.
May
May
1,
1,
1,
1,
1,
1,
1%
1905
1949
1949
1919
1919
1921
1922
1913
1927
1908
1918
1918
Feb.
Boston, Bk. of Com'rce. July
do
July
do
00 (in si nking fund uncanceled ) inoluded.
verally with Clev. Cin. Chic. & St. L.
F.
J.
J.
A.
J.
J.
1903.
1904.
1902.
x$3,561,230 x$3,341,588 x$3,134,618
Rentals to C. & A. RR
770,000
770,000
Interest on 3 ifl per cent bonds..
266,733
253,338
770,000
Other int., disoount, etc
163,895
;
Flood damage 1903
$4,761,858
All charges
781,760
4 per cent preferred dividend...
Surplus
x Under Its lease of the Railroad,
$4,364,926
781,760
$3,904,618
781,760
$123,908
$69,281
$43,582
Company operates the line and
the Railway
as rental paid in 1908-04 interest, taxes and rentals; also balance of net earnings, $1,780,206. From this last was paid 7 per cent ($1,563,644) by the Railroad
on its stock. This stock Is nearly all owned by the Railway company, which
therefore treats the dividends received thereon ($1,625,622) as "other Income,"
as here shown,
_
Officers.— Chairman of Exec Com.,E. H. Harriman; President, S. M.
Felton; Vioe-Pres., John N. Faithorn; Treas., F. V. S. Crosby; Secretary,
Alex. Millar, 120 Broadway, N. Y.; Gen. Mgr., C. A. Goodnow.
Directors— James Stlllman, B H. Harriman ;W. B, Leeds, W. H. Moore, D. Q.
Reid. Robert Mather New York; James H. Moore, S. M. Felton, James B. Forgan, John J. Mitchell. N. B. Ream, Chicago.
(V, 79, p. 151, 211, 626, 902, 967, 1331, 1 45 8, 1461, 1 700.)
—
Chicago Burlington
6c
Quincy tllVL.—fSeeMap.)— Road.- Ope-
from Chicago westerly, reachPaul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Omaha, Neb., Denver, Col., Cheyenne, Wyo., Black Hills, S. D., and Billings, Mont. The accompanying map shows clearly the system, viz.:
rates a great system of roads extending
ing
St.
Miles.
Miles.
202
Lines east of Missouri River.4,118 Lines leased
68
Lines west of Missouri River. 4,069 Narrow-gauge lines
8,378
Total June 30, 1904 (less duplications 83 miles)
The stockholders voted on Nov. 4, 1903, to purchase the Iowa
A St. Louis RR., Centreville, la., to Macon, Mo., 100 miles, and projected to extend to St. Louis and to Sioux City, la., a total of 510 miles
(V. 76, p. 653), Quincy RR. Bridge (V. 75, p. 1030; V. 76, p. 1083) and
Burlington A Western (V. 76. p. 509), Winona Bridge (V. 77, p. 249).
cut-off between Mexico and Old Monroe, Mo., 65 miles, built
jontly with Chicago <fc Alton, was opened Sept., 1904. Extension from
Garland, Wyo., to Otto, aoout 100 miles, connecting with the Great
The
Northern, is proposed.
Organization, Ac. This was a consolidation in July, 1875, of the
Chicago Burlington A Quinoy in Illinois and the Burlington A Missouri
River in Iowa. Chicago Burlington A Northern and other subsidiary
lines in Illinois were absorbed in May, 1899. V. 68, p. 975. In
1900 purchased the remaining leased lines in Iowa and Missouri, viz.:
Kans. C. 8t. Jos. A Co. Bluffs, St. L. K. A N. W., Chic Burl. A K. C,
Han, A. St. Jos., Keokuk A West, and Chic Ft. Mad. & Des Moines,
Burl. A Missouri, etc V. 71, p. 697, 863, 963; V. 73, p. 137, 899.
In Oct., 1904, $107,661,000 of the $110,839,100 stock had been exchanged for the joint 20-year 4 p. 0. bonds of the Gt. Northern and
Northern Pac seoured by the deposit of the stook in trust, on the basis
of $200 in bonds for $100 stook. See circular, V. 72, p. 871, and application to list, V. 73, p.294. and description of bonds under Great Nor.
la. Feb., 1902, purchased Kansas City Peoria A Chicago By., West
luinoy to Pattonsburg, Mo., 196 miles, and in June, 1902, practically
"
the bonds and stock of the Jacksonville & St. Louis Ry., Jacksonville, to Centralia, 111., 112 miles. V. 74, p. 426, 1307; V. 75, p. 793.
In July, 1902, extension from Billings, Mont., northwest to Great
Falls, on the Great Northern, was proposed.
For legal reasons the road is leased to the Ohio. Burl. & Quinoy Railway (which see below) for 99 years from October, 1901, at 7 per
cent per annum on stock. V. 73, p. 842, 1011, 1061, 1207, 1312.
Capital Stock.—The stook has been Increased for the acquisition
of new lines, retirement of over $15,000,000 convertible debentures,
etc; in 1880 a 20 p.o. distributionwas made. See "Organization" above.
Dtvb.— > '81-87 '88 '89 '90 '91 '92 '93 '94 '95-'97 '98 '99 to Sep., '01
Per cent. 5 8yrly 5
5 4% 4yly. 5^ 6 yearly.
4 5 4^ 5
On June 15, 1901, 2 p. 0. was paid for the 4 months ending July 1.
1901, when interest on the new Great Nor. -Nor. Pac collateral trust
4 per cent bonds began; Sept., 1^ p. c; first quarterly dividend under
lease, 1\ p. c, paid Jan. 1, 1902, divid. being paid Q.-J.; V. 74, p. 41.
Bonds.—For full description of eaoh loan see the editorial artiole on
pages 3 to 6 of Supplement of Oct., 1896, and Chronicle V. 63, p. 775.
The mortgage of i8qq for §85,000,000 secures bonds dated July 1,
1899, maturing Julyl, 1949, and to bear interest at not to exceed 5p.o.
Such bonds as may be issued bearing not less than 3^ p. c interest
will be subject to call at 105 per cent and accrued interest and those
bearing interest at less than 3^ p. 0. at par and interest on any
coupon day after thirty years. The issue is limited to $85,000,000,
and the lien securing the bonds will become an absolute first mortgage,
oovering all lines east of the Mississippi River, upon the payment of $21,699,000 consolidated mortgage 4 per cent bonds due
July 1, 1905, and of $2,320,000 Chicago A Iowa Division 5 per cent
bonds due Feb. 1, 1905, for which the $28,173,000 unissued balance
is reserved. The remainder has been used for additions, etc.
See V.
68, p. 771; abstract, V. 69, p. 283; V. 69, p. 795; V. 74, p. 1307; V. 75, p.
665; V. 78, p. 1391, 1961, 2383, 2441; V7 79, p. 211.
The Iowa Division bonds are a first mortgage on the main line in
Iowa from Burlington to East Plattsmouth on the Mo. River, 278 miles,
and on 120 miles of branches; they are also a first collateral lien on 420
miles of branoh3B and 86 miles of second traok. These bonds have a
1768
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
p
:
.
Oct.,
J
RAILWAY STOCKS AND BONDS.
004.
RAILROADS.
For explanation of column headings, &c,
on
first
Miles
see notes
of
Date
Size, or
of
Par
Amount
Road. BondP Value. Outstanding
page of tables.
Bonds— PrmoiINTEREST OF DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and bj Stocks— Last
t
M
289
249
61
90
145
73
180
"50
33
264
107
7
15
127
1880 $1,000
1881
1,000
1877 100 &o.
!U
4
6
$3347,000
8,000,000
5,000,000
314,000
1881
1884
1,000
1,000
1,000
772
174
49
1887
1887
1886
1881
1878
249
249
6
6
6
91,000
2,788,000
42,000
16,529,000
4,626,000
150,000
150,000
1,102,872
1,356,000
12,000,000
10,000,000
300.000
1903
1890
1,000
1890 l.OOO&c
1888
1,
000 Ac
1,000
1,000
500 &o
sinking fund of 1*2 percent ($203,800) yearly, for whioh the 4s are
subject to oall at 100, the 5s at 105. The single main line and branohes
oovered "shall not exoeed in the aggregate 900 miles," at $16,000
per mile on second track (of which June 30, 1904, there were 86
miles) may be issued an additional $14,000 per mile. V. 65, p. 462.
Denver Ext. bonds can be increased only for 2nd traok at $10,000 p.
The collateral trust Nebraska extension bonds of 1887 are Issued at
$20,000 per mile for single and $10,000 per mile for second track on
not exceeding 1,500 miles. Abstract of deed V. 45, p. 441.
Burlington <£ Missouri RR. in Nebraska consol. mortgage of 1878 is for
$14,000,000, and is now a 1st M. or 1st collateral Men; all except the
exempt bonds are subject to call for the siDkiug fund at par; $171,400
retired in 1903. The " exempt" bonds may be called after 1908.
General Finances.— Corn being one of the principal articles carried
the earnings vary greatly according to the size of the crop.
In Apr., 1904, $15,492,000 111. Div. 3 ^ and 4 per cent bonds were
sold. V. 78, p. 1391, 1961.
Annual Report.— Fiscal year ends June 30. Report for 1903-04 was
in the Chronicle of Oct. 29, 1904 (see also editorial), showing operations, including results of the O. B. <fe N., etc.
1903-04.
1902-03.
1901-02.
Miles operated June 30
8,324
8,378
8,124
Freight
$44,651,997 $42,782,406 $36,072,079
;
m
14,494,573
6,081,622
14,136,281
5,719,692
12,857,267
4,865,899
$65,228,192
44,578,943
$62,638,379
40,542.473
$53,795,245
35,682,875
$20,649,249
Dtb.zo4,ti6
$22,095,906 $18,112,370
346,540
340,805
Int., rent, eto
$20,445,133
7,630,216
$22,442,446 $18,453,175
9,116,338
8,370,064
Balance
Dividends
$12,814,917 $13,326,108 $10,083,111
*8,834,749
*8,819,722
8,834,570
Net
Other income
Total income
Surplus
$4,491,538
$3,980,168
$1,263,389
Of this, t8,6(;8,082 in 1903-04 18,606,762 in 1902-03 and $8,60f5,l"0 in 1901-02
was applied directlv as interest on Nor Pac.-Great Northern Joint bonds as a
»
matter of convenience.
Directors.— Geo. B. Harris (President), Chicago, 111.; Charles E Perkins of
BurltngtoD. la.; J. J. Hill, St. Paul, Minn.; W. P. Clough, Robert Bacon, B. H.
Harriman, Jacob H. Schiff, George J. Gould, H. McK. Twombly, Norman B.
Ream and Edward T. Nichols of New York. |
—(V. 78, p. 2383, 2441, 2598; V. 79, p. 268, 500, 785.)
Chicago Burlington &. Qulncy Batlway.— Leases the Chio.
Burl. & Q. Railroad system for 99 years from October, 1901, at 7
per cent on its stock. Incorporated in Iowa on Oct. 16, 1901.— V. 73,
p. 842, 1 207. See C. B. & Q. Railroad above and Northern Securities
Item, V. 73, p. 1357. Stock authorized, $100,000,000; in July, 1903,
not yet issued. The joint income account of the Railvay and Railroad
for year ending June 3o, 1904, shows surplus over 7 p. c dividends
on Railroad stock of *3,9S0,168, or about 4 p 0. on the Railway stock.
Directors.—George ". Harris, President; Charles E. Perkins. Johns. Kennedy,
James J. Hill, W. P. Clough, George W. PerKins, E. H. Harriman, M. L. Schiff.
W. H. Mclntyre, James Stillman and Darius Miller.— (V. 73, p. 842, 8i-9, 1312.)
Chicago Cincinnati
Louisville
(See -afap.JOwns Cincinnati to Hammond, Ind. (near Chicago), 264 miles.
consolidation
on June 4, 1903, of tbe Cincinnati Richmond
Muocie RR. and Cincinnati
Indiana Western RR. V. 76, p. 1247. In June, 1904, a
syndicate acquired control of the road; also of the Cincinnati Hamil-
&
BR.—
&
&
ton
&
A
Dayton and Pere Marquette, aDd consolidation or amalgama-
tion of the three roads is proponed. V. 78. p. 2598; V. 79, p. 211.
Stook auth, $1,356,000; outstaD ding, $4,206,000; par of shares, $100.
The Cin. Richmond
Munoie 1st 5s, Chicago
Cincinnati, and Cin.
<fe Ind. West. Issues are all subject to call at 110
after 10 years from
their issue, the Cin. Ri h.
Muncie after Oct., 1910 See official statement, V. 71, p. 1066, V. 74, p. 1195. In Aug., 1903, made a mortgage
to the American Loan &Tjust Co. of Boston and Union Trust Co. of
Indianapolis, as trustees, of which sufficient are reserved to retire,
all prior issues, including equipment mortgages; balance for extensions, improvements, eto. V. 77, p. 349, 1532.— (V. 79, p 211.)
&
&
&
Chicago
& Eastern Illinois RR.— Operates
road (double track
to Danville Jet., 106 miles) from Chicago, 111., to Terre Haute, Ind.,
and bituminous coal fields; also to Thebes and Joppa, 111.
An extension from the main line at Findley to Pana, 111., on the CI.
Cin. Chio. A S. L., 22 miles, was operated from Aug., 1904, affording with trackage over the Big Four a through line for the 'Frisco to
Chicago. V. 75, p. 1087.
Extension from point in Vermilion Co. to
Villa Grove, 40 miles, was completed in 1904
Lines owned in fee.
Miles. Branohes to Coal Mines
15
Dolton to Danville, 111
.107 Rossville Jet. to Judyville, Ind. 14
Danville, 111., to Brazil, Ind.... 61 Hunt's Extension
7
Momence
Danville
Joppa
Jo.,Ill.,to
Jo., 111., to
Jet. to
Brazil,Ind.l30
Thebes, 111.277
Joppa,
111
Clssna Jc. to Cissna Park,
111..
16
11
Bossville Jc. to Sidell Jo., 111.. 34
Percy Jet. to La Crosse, Ind.
46
MilfordJo.,IU.,to Freeland.Ind 11
Double track...
126
Sidetracks
380
Trackage, etc.
Chicago to Dolton, Ch.&W.Ind. 17
Otter Creek Juno, to Terre H .
tj
.
. .
Coal Bluff, Ind., to Casey, Ind.
Whom.
&
&
&
&
&
&
&
&
Boston, Bk. of Com'rce.
N.Y.,Bk.of No. America.
Boston, 2d Nat'l Bank
Jan.
do
do
Boston, Bk. of Com'rce.
do
do
Boston, Co.'s Office.
Boat., Old <^ol. Tr. Co.
June
7
J.
M.
J.
S.
J.
J.
7
1880
D.
J.
1,000
7
1879 600 &c. kl,078,000
J.
6
J.
M.
8.
1878 100 &o.
7
1,125,000
1880
J.
J.
1,000
600,000
7
1900
O.
1,000
1.804,000
5 g. A.
1903
1,000
161,000
5 g. J. & J.
1902
1,<00
750,000
5 g. P. & A.
1902
600.000
5 g. J. & D.
1,000
1903
1,000
4*2 g. J. & J
2,000,000
1902
J. & J.
1,000
5
400,000
1903
1,000
270,000
5 g. J. & D.
100
7,217,800 See text. J. & J.
100
6,830,700 6 in 1904 Q.-J.
1877 100 Ac.
J. & D.
6
2,703,900
1880
M. <fe N.
6
1,000
97,000
Dividend.
Total operated July, 1904.... 758
g.
g.
5
5
g.
Mostly
5
:
g.
Moh.
Jan.
July
Mch.
Jan.
Oct.
1, 1910
1, 1911
1, 1907
1, 1920
1, 1919
1, 1908
1, 1910
1, 1950
1, 1951
1, 1952
1, 1!J52
1, 1953
Bost.. Am. L. & Tr. Co. Jan
Feb.
Boat., Old Col. Tr. Co.
Bos., Old Colony Tr. Co. lune
Tr. Co. July
Bost., Am. L.
Boat., Bost. 8 Dep. &Tr July, 1905-12
Boston, Am. L. <te Tr Co To June, 1913
&
,
N.Y.,
Hanover Nat. B'h July 1/04, 5%
do
do
N. Y., 4th Nat. Bank.
N. Y., Central Trust Co
D. N. Y., Fourth Nat. Bank
O. N. Y., Central Trust Co.
do
Co
A.
do
N.
do
N. Y., Met. Trust Co.
J.
N. N.Y., Farm. L. &Tr. Co.
Oct. 1, '04, H«
Dec. 1, 1907
May 1, 1920
Deo. 1, 1931
&
Oct. 1, 1934
A. &
Feb. 1, 1912
F. &
Nov. 1, 1937
M. &
Jan. 1, 1936
J. &
May 1, 1920
M. &
.Tnlv 1. 1908
do
do
J. & J.
To Apr. 5, '13
To June, 1910
New York.
M. & 8.
May l, 1982
M. & N. New York, Erie RR.
Oct. 1, 1982
owned by Erie RR.
New York, Erie RR.
July, 1918
J. & J.
J.
5
5
6
7
The sinking funds held alive June 30, 1904, of the bonds given above as outstanding
Gross earnings
Expenses and taxes
Payable
Cent.
—
—
Chicago Burlington dt Qfuincy (Concluded)
Burl. &Mo. RR.lnNeb.,s.f.iorAt.&N.RR.stk.IVB
Hannibal & St. Jo., oonsol. M., now 1st M..F.O"
K.C.St.J.A Coun. BL.con.M. (Nos. 1 to 500pf.)o*
o*
1st Ms. Nod.and Tark. Val.RRs. s.f. (dr.at 100).
Rep.Val., lstM.,gu.,(dr. at 100) s.f. ,$14,000 y'ly.c
Ateh. &Neb., IstM., At. to Lin., Neb., etc., guar.e*
Lino'n&N.W.RR.lstM. guar., s.f. lp.a.notdr'n.
Chicago Ci". <& otiisv.—CR &M.lstM.. g OB.c*
Gen' M.. $900,000, call at 110 aft. Oct., '10. A B
Chicago & Clncin. 1st
, $750,000, g., call. text.
Cln. Ind. & W., 1st M., $600,000 call. text.OB.o*
refunding mortgage. A B.
..c*
Ch. Cin & L.
Hoosier Equip. 1st M., ser. A, guar. p. & l.BB..
Equipment trusts, $300,000, part due yearly.
Chic, dt East. Illinois— Com. stk. ($15,000 p. m.) ;tl
Pf. st'k, $10,000,000,6 p.o.non-oum($10,000 p.m.)
Ce.C
lstmort. (s. f. $20,000, no drawings)
Danville & Grape Creek RR.- 1st M„ assumed, .c*
Extension, 1st mortgage
o*
Ce.c*
Consol. mortgage (for $6,000,000), gold
o*
Collateral trust bonds, sinking fund
Gen'l oonsol. and 1st mort. $30,000,000.. Cecfer
Chio.&Ind.Coal— IstM. $25,000 p.m.,as8'd.Mp.e*
Evansv. T. Haute & Chic, income mortgage
Indiana Block Coal, 1st mort., s. f., oall at par...
Car trusts, incl. int., July, '04, due $10,921 ni'thly
Equipment bonds, ser. B, due quarterly
Qhic.dkEne— lstM.,g., int. guar. till prin.pald.Ce.e*
Income bonds for $10,000,000 5 p. o. non-cum.N
Terminal 1st mortgage, gold
Passenger
Mail and miscellaneous
1769
Of g, $6,394,600;
li,
$2,000,000;
It,
$478,200.
History, Leases, &c— In August, 1902, the St. L. & San Fran,
acquired the greater part of the stook, as said below. The road will
form part of a through line to New Orleans, expected to be opened in
1904.
The Chicago & East 111. owns $1,000,000 stock of Chic. & Western
Indiana -having all the- local traffic of the latter road from Dolton
Into Chicago. Special lease of Chicago freight terminals, V. 78, p 819.
In 1902 the traffic contract made in 1890 with the Evansville &
Terre Haute for the operation of a through line between Chicago and
Evansville was still in force. (V. 55, p. 995.)
In 1902 the Southern 111. & Missouri Bridge Co. (which see) let eontracts for a bridge across the Mississippi River, forming with St. Louis
Southwestern a direct line to Texas points. V. 71, p. 1219; V. 74, p. 936.
Stock.— In addition to the amounts outstanding in table, $5,230,600
common and $1,135,000 pref. were in treasury in July, 1904.
In Aug., 1902, the St. Louis & San Francisco RR. gave in exchange
for the common and preferred stock its stock trust certificates at the
rate of $100 thereof for each $100 share. V. 75, p. 289. In January,
1904. all of the $7,217,800 common and $4,171,700 of the $6,830,700 preferred had been exchanged on this basis. The St. Louis &
San Fran, has the option to retire the trust certificates at any time at
$250 per $100 common stook trust certificate and $150 per $100
pref. stock trust certificate, payable in gold, and obligates itself to
pay off the entire issue in 40 years from date at the same rates meanwhile obligating itself to pay 10 p. c. dividends on the common and 6
per centum on the preferred trust certificates, respectively, these
amounts being equivalent to 4 per cent on the principal sum to be
eventually received in payment therefor. Upon failure to pay any
dividend within 30 days after demand therefor, any holder may surrender the certificates to the trustee and receive the shares represented
thereby. See also V. 75, p. 289, 393, 1031.
)'91. '92- '7. '98. '99. '00. '01. '02.* 03.
Dividends—
1904.
On pref., p.
6
6 6
6
6
> 4*3 6 yrly 6
6
B low.
Common, p. c
2^ 3*b 4>a 5^6
6
)
In 1904, on common, Jan., 3 p. c; July, 5 p. c. V. 78, p. 2383.
Bonds.—Tne general consol. and 1st mortgage of 1887 (trustee, Central Trust Co.) provides for the retirement of $6,042,000 prior bonds and
for issue of bonds on new road at $18,000 per mile for single traok
also for bonds for equipment at $7,000 per mile and for double traok at
$8,000 per mile. In 1897 the total issue of gen. consol. bonas was
limited to $30,000,000 and bonds were reserved for Chicago &
Indiana Coal firsts. See V. 64, p. 1088; V. 78, p. 1446; V. 79, p.
1331. Series B equipment bonds mature $57,000 each June and Deo.
and $56,000 each March and Sept.
General Finances.—This company owns most of the capital stock
of the Brazil Block Coal Co. and carries all its coal. It carries also
the coal of the Danville, Clinton and Williamson county fields.
,
Annual Report.—The annual report for 1903-04 was in Chroniclb
Rate per ton per mile was 0468 cts. in 1903-04.
Oct. 29, 1904.
Later earnings are included In those of the St. Louis & San Francisco,
Tear end. June 30.
1904
1903.
1902.
1901.
Miles operat. June 30
758
727
751
738
Gross earnings
$8,664,042 $7,723,848 $6,277,494 $5,659,446
Oper. exp. & taxes... f-,691,933
3,699,732
4,552,089
3,471,294
Net earnmgs
$2,972,109 $3,171,759 $2,577,762
Net (inol.oth.mcome). $3,327,651 $3,544,558 $2,826,909
$2,188,152
$2,407,215
1,612,999
1,245,889
1.201,671
Rentals
225,65*
157,523
132,138
137,578
Div. on pref. stock. . (6) 409,842 (6)409,842 (6)409,842 (6)379,842
Div. on com. stock.... (8)577,424 (6)433,068 (6)431,868(5^)370,879
Const'n,deprec'n,eto.
400,121
589,971
607,172
317,245
Interest paid
1,356,778
Balance
$357,831
$341,155
None.
None.
Officers.— President, A. J. Davidson, St. Louis; 1st Vice-Pres., Rob"
ert Mather, New York; Secretary, J. 8. Ford. N. Y. offlo, 71 Broad"
way.— (V.
77, p.2338; V. 78, p. 342, 819, 1446, 1496, 2383; V. 79, p-
1331.)
Chicago & Erie RR.— (See Map Erie Bis.;— Owns from Marion, O.,
Hammond, Ind., 249 miles, and leases trackage over Chicago A
to
Erie RR Co. owns entire $100,000 stock.
mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 miles of road, the oontraot with the Chioago &
Western Indiana, $1,000,000 of that company's stock and $240,000
stock of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.
West. Ind. to Chicago, 20 m.
Bonds.—The
first
Chicago <fc Grand Trunk Ry.— See Grand Trunk Western Ry
Chicago Great Western Ry.— (See Map.)— History.—The Chicago St. Paui & Kansas City was organized in May, 1886, and in December, 1887, merged with Minnesota & Northwestern. In August,
1892, reorganized per plan, Vol. 55, p. 856.
On Sept. 7, 1893, the Great Western acquired by deed the title of the
Chicago St. Paul & Kansas City Ry. (81567 miles). In June, 1902,
the old mortgages were satisfied of record; V. 74, p. 726. As to 7-year
contracts made in 1902 with packing companies, see V. 75, p. 341.
Road.— Operates the "Maple Leaf" route, radiating from Oelwein
la., northerly to St. Paul easterly to Chicago and southerly and westerly to
Kansas City and Omaha, embracing
RAILWAY STOCKS AND BONDS.
1770
[Vol. lxxix.
MAP OF THE
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CHICAGO, CINCINNATI
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RAILWAY STOCKS AND BONDS.
Oct., 1904.]
1771
MAP OF THE
CHICAGO GREAT WESTERN
RAILWAY.
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RAILWAY STOCKS AND BONDS.
1772
RATLKOAD8.
Miles
For explanation of column headings,
on first page of tables.
Chicago
A
Or.
<fec,
see notes
Date
Size, or
Amount
Par
of
of
Boad. Bonds Value. Outstanding
[Vol. lxxix.
Bonds— ±Tinoi
INTEREST OB DIVIDENDS.
pal, When Due,
Rate per When Where Payable, and by Stocks—Last
Whom.
Payable
Cent.
Dividend.
Trunk—See Gr. Trunk West. By.
Chicago Great Western—
Deb. stock, cum.,
g.,
$30,000,000, dlv. In cash,
$100 $27,577,000
g.
Preferred stock A, $15,000,000, 5 per cent, gold.
Pref. stock B, 4 per cent $10,000,000
Common stook, $50,000,000
Sterling 5-year notes 5s (no mortgage)
Sterling 5-year notes (no mortgage) red. at 101..
Gold notes, red at 101.
Gold notes, $2,500,000 auth., red. at 101
c&r
Ohio. Hammond <k West'n—See Chic. Junction Bt
Chicago <6 Indiana Coal— See Chic. A Eastern II LINOIS
Chic. Ind. <£ East— 1st M., g., red. 115 (text).N.o*
43 1902
1903
Improvement mort., $100,000, g., red. at 103...
Chicago Indianap.
&
Louisville—Com. stook...
Preferred, 4 per cent, non-cum., $5,000,000
L.N.A.&C, 1st Main Line.—N.A. to Mich. City..o*
1st M., CMc. & Ind. Dlv., Chic, to Ind., gold..o*
C. I. & L. refunding mort., $10,300,000. gold..Ce
Do
289
162
509
509
1880
1881
1897
1897
1900
-
1,000
500
100
100
—
Chicago Great Western— (C onclnded)—
Chicago to
Oelwein to
(total,
757 miles)
-
Miles.
St. Paul
St. J. sPDh
402
239
83
23
BeeCreekto BeverW
Somner to Watcrly*
DeKulb,
Cedar
Falls,
etc.,
branches
21
7'ackage Ac. (total, S3 miles)—
St. Paul to Minneapolis
10
Chicago Terminals
Dubuque
to
10
It
Amen
DesMotnes Term nals
Beverly to Kansas Citv
St. Joseph to Bee Creek
S
8'
9
Mile*
Operated under agreement—
Mason City & Fort Dodge, 385
miles, viz.:
la., to Council Bluffs...
Hayfleld. Minn., to Clarion. la
Branches to Lehigh and Coal
vlUe, Iowa
Trackage rich's Council Blufls
to South Omaha
Wis. Minn. & Pac. RR., 271 miles:
OelwPln,
Mankatoto Red Wing
Red Wing to Osage
Wiionato Simpson
Branch
to Clay
R.T. Ry
IS
96
US
54
8
Banko
Grand total owned, 'eased and operated under con traf..
•.Deduct Sumner to Waverly, la., leased Jan. 1, 1901, to Waterloo
260
100
1.4'd6
&
C. F.
23
Total operated (Jan. 1.1904, and since)
1.474
Securities.—The holders of debenture and preferred A stook appoint the finance committee, which exercises general supervision of
finances. Additional securities of said issues can be put out, but only
with consent of a majority of both said classes of stook present at a meeting. Securities of other issues having a lien prior to preferred A can be
created, but only with oonsent of two-thirds of both classes. The several classes in oase of liquidation will have principal paid in gold, according to their priority right to dividends. At extraordinary general
meetings of holders of debenture stock and preferred A stock oolleotlvely, holders of one-tenth of said stocks outstanding, present or represented, constitute a quorum and by a majority vote have power to
eanotlon any modification of the rights of said stocks. For rights of
each stock see editorial In Supp. for Oct., 1897; see also V. 71, p. 441.
In 1898 the authorized issue of 4 p. o. debenture stook was Increased from $15,000,000 to $30,000,000 for future refunding and improvements. See Finances below. V. 66, p. 133, 663, 1088.
In Nov., 1902, $6,500,000 oommon stock was Issued to purchase part
of stock of the Mason City A Ft. Dodge RR. and balance of stock of
Wis. Minn. & Pacific RR 271 miles. V. 75, p. 1201.
Stockholders
voted Feb. 18, 1903. to increase oommon stock from $30,000,000 to
$50,000,000, about $13,000,000 being exchanged for additional stook
Of the Mason City & Fort Dodge, raising the amount outstanding to
$42,721.600.-(V. 75, p. 1201, 1253; V. 7S, p. 1548.)
The gold notes are a direct obligation ah© -id of the debenture stook.
No lien oan be placed on the property without providing for their
payment. V. 79, p. 902.
urviDENDS.— On pref. "A" paid Jan.,1899, 2p.o.; in July, 1899 2 p. c;
In 1900 to Feb., 1904, both Inclusive, 5 p. o. yearly (FAA); in Aug.,
1904, none.
Finances.— On March 17, 1902, $3,437,000 additional debenture
stock was authorized; also two branches (91 miles) sold to the Mason
City & Fort Dodge RR. for $1,386,000 of first mort. 4 p. o gold londs
of latter; V. 74, p. 726; V. 75, p. 559, 665. In 1903 4 $4,000,000 fiveyear 5 p. c. notes were issued. V. 76, p. 809; V. 78, p. 1219; V. 79, p.
,
626.
In Apr., 1901, a syndicate acquired all the stook and bonds of the
Mason City A Fort Dodge RR., Mason City to Fort Dodge, la., 92 miles,
the purchase including coal fields near Ft. Dodge, and arranged to
extend the road from Manly Junction to Mason City, 12 miles,
and Hampton to Clarion, 30 m. (both completed), to conneot with
the C. Gt.
and also southwest from Fort Dodge to Council Bluffs,
133 miles, the latter being opened Dec, 1903, whence trackage over
TJ. P. to Omaha, and westerly to Sioux City, a total of about 250 miles.
V. 77, p 641; V. 78, p. 988.
Both the Mason City A Fort Dodge RB. and the Wisconsin Minnesota
A Pacific RR. are operated for 100 years under agreements dated
Apr. 1, 1901, the Chic. Gt. West, receiving their entire net earnings
above Interest on bonds and owning their entire stocks. See separate
statement for each co. V. 73, p. 566, 722; V, 74, p. 93; V. 75, p. 1201.
Earnings.— 2 months, ) 1904
Gross, $1,153,909; net, $30*,511
July 1 to Aug. 31.
Gross, 1,411,423; net, 385,672
$1903
Earnings since Jan. 1. 1904, are based on 818 m'les of road proper only, the
net earnings of the proprietary lines over bund interest being included In
W
,
the results.
Report.—Report for 1903-04,
V. 79. p. 1326, 1343; editorial, p.1299.
1904.
1903.
1902.
1901.
Average miles
874
929
Tear ending June 30.
Gross earnings,
8,022,674 7.823,191
Net inoome
1,902,632 2,184,662
Rentals (incl. equipment). 431,368
408.144
283,625 174,5«5
Interest paid
Int.ln cash on 4% deb. stk. 1,044.976 1,025,693
Dlv. on pref.stock "A". .(212)284,310(5)568,620
Miscellaneous
def 141,647 sur. 7,620
Balance
7,549,689 7,013,861
2,060,230 1,978.346
390,815
440,604
147,999
188,973
925,207
780,610
(5)568,620 (5)568,620
6,568
8.645
sur. 21,021
def.9,106
Officers.— President, A. B. Stickney; Vloe-Pres., A. Oppenheim;
Secretary, R <: Wight: Treasurer. R. O. Barnard; all of St. Paul.
Dlreotors— A. B. Stickney, A. Oppenheim. 8. C. Stickney. F. Weyerhaeuser, J
W. lush, H. K. Fletcher, T H. Wheeler. M. D. Flower, R. C. Wight. New fork
Office. 81 Nassau St.— V 79, p. 967, 1 JtfO, 1 3 1 {.)
Cblcago Indiana 6c Eastern Ry.—Owns Converse, Ind., to
Munole, 43 miles. In Sept., 1904, G. W. Bartlett of Muncle, Ind. was
(
J.
J.
London, R.Benson A Co. Julyl5,'04,2%
8eml-an London, B.Benson A Co. Feb!29, 04, 2if
Semi-an
do
do
;
Seml-an London or
Semi-an
do
Semi-an
do
F. A A.
do
(?)
10,500,000 See text.
5,000,000 4 in 1903 J.
3,000,000
J.
6
2,300,000
g F.
£
4,442,000
J.
4,700,000
.J.
£ g>
118,000
g
2,390,000
58,183,900
48,374,400
1,286,000
1,005,000
4,000,000
7,432,000
2,840,000
6.670,000
A
New York.
1905 to 1907
do
do
do
Various, 1908
Various, 1909
Aug.
1,
1909
2«- M. A N. N. Y., N. Y. Sec. A Tr. May 1, 1942
6 g. J. A D. MetTr.&Sav.Bk., Chic Jan. 1, 1909
N. Y., J. P. Morgan A Co. J'ne 28,*04,1J*
500.000
1,000
1,000
1,000
1,000
1.000
1,000 fn treasury.
gold 6s, issued for old consols
Con.StoneCo. 1st M. ,$250,000,g. ,gu. ,p. Ai.red. text
Indiana Stone RB. 1st M., guar
Chic Ind. & St LouU Short Live See Cleveland Cm. Chic. A St. L.
Chicago Junction— Jhic Ham. & W., 1st M.,g.o*Jfcr 27-48 1897 500, Ac.
Chi. Milw. & St. Paul Common stock (See text)
100
100
Preferred stock7 per cent yearly, not cumulative
1,000
Consol. mort.,conv. into pref. stook
F.c* 1,435 1875
I. A D. Ext. 1st M., convert, into pref
1,000
F.c* 335 1878
1,000
8. W. Div. 1st mortgage Western Union BB. .c*
212 1879
So. Minnesota Div. 1st mortgage
1,000
F.o* 419 1880
Mineral Point Division 1 st mortgage
1,000
F.o* 133 1880
Hast. A Dak. Div. ,ext. .1st M. ($990 000 5s). F.o*
1,000
395 1880
Lines owned
4g.
2,689 No int/st
"Too 11,372,400 See text.
100
9,489,190 J None >
100 42,721,600 I paid. \
1899 Various
280,363
g
1903 Various
3,342.545
i
1904 Various
1,524,212
5
1904
5,000
1,931,333
5g.
Debenture scrip (not Interest-bearing)
A
A
A
A
A
M A
£ g. M A
5
6 g J. A
7 in 1904 A. A
A. A
7
7
J. A
A
7
6
A
A
6
A
5
5 A7
A
-
-
do
do
do
do
do
D.
J.
A.
J.
J.
N.
Am.
8.
do
do
do
do
do
J'ne 28,*04,2H
July
Aug.
July
July
A Sav.Bk.,Chio May
New York.
Sept.
Tr.
1,
1,
1,
1,
1,
1,
1910
1911
1947
1947
1930
1948
J. N. Y., Cent'l Trust Co.
Jan. 1, 1927
O. N.Y.Offloe,30 Broad St. Oct. 25,'04,3ifl
do
do
O.
Oct 25/04, 3i«
do
do
do
do
do
do
J.
J.
J.
J.
J.
J.
do
do
do
do
do
do
July 1, 1905
July 1, 1908
July 1, 1909
Jan. 1, 1910
July 1, 1910
Jan. 1, 1910
appointed receiver, the floating debt beine over $150,000. V. 79, p
1022, 1265. Capital stook authorized, $1,000 000. Of the 1st 5s of
1902 ($1,000,000 authorized) $500,000 are reserved for future require
ments. In Dec, 1903, filed a mortgage for $100,000 to the Metropolitan
Trust & Savings Bank Co. of Chioago. In year ending June 30. 1903,
gross earnings, $125,029; net earnings, $39,230; total deductions, $32,024; bal., sur., $7,206. Pres., H. E. Drew, Matthews, Ind.; Vloe-Pres.,
Clarence A. Knight, Chioago, 111..- (V. 78, p. 286; V. 79, p. 1022, 1265.
Cblcago Indianapolis 6c Louisville Ky.— (See Map.)— operates the "Monon Route" from Chicago, 111., viaMonon, Ind., to Indianapolis, Ind., and Louisville, Ky., with branches. The system includes
Miles.
Lines ownea
Oper. under contract
Miles.
Indiana State Line to Indianap. 162 Chioago to Did. State Line
20
New Albany to Michigan City .289 New Albany to Louisville...... 6
Bedford to Switz City
40 Connection In Indianapolis.... 2
Orleans to Fr. Lick Springs
18 Clear Creek to Harrodsb'g, Ind.
9
Switz City to west of Linton. . . 10
Oospore jo. to Switz City, Ind.
(coal only)
25
—
Total of
—
591
all
A lease for 999 years with Chioago A Western Indiana (of whose stook
this oo. owns $1,000,000) gives entranoe to Chioago on a mileage basis.
Owns one-third Int. in Kentucky A Indiana Bridge at Louisville, Ky.
History.— Successor July 1, 1897, of the Louisville New Albany <*
plan in V. 63, p. 922. Suit settled. V. 75,
1031.
Nashville and Southern Ry. acIn Aug., 1902, the Louisville
quired 93 p. c of $10,500,000 common and 77 p. c of $5,000,000 preferred stook, on the basis of $78 and $90 per $100 share, respectively,
In their joint 50-year 4 per cent collateral trust gold bonds at par, secured by the stock acquired, six-tenths of the purohase price being
payable optionally In cash. See description of bonds under Louisville
A Nashville. V.74, p. 1088, 1138; V. 75, p. 28.
Dividends.—On pref.. 1899, 1 p. c; Oct.. 1900, to June, 1904. both
lnolusive, 4 p. c per annum. First dividend on oommon, 1 p c. May
1902; Jan., 1903, l^p. c; June, 1*4 p. c; Dec, 1H p. c; 1904, June,
Chicago By., foreclosed per
p.
1H
&
p.
c
Bunds.— Refunding mortgage covers road, equipment, etc (inoludlng
$1,000,000 stock of Ch. A W. Ind and $240,000 stock of the Belt
total authorized issue is $15,000,000, of whloh
Ry. of Chicago)
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be issued only for betterments and equipment, not to exoeed $300,000 in any one year, $2,091,000, of the latter of which $1,533,000 had
been Issued to Aug. 31, 1903. Of the Consolidated Stone bonds
($250,000 authorized Issue) $25,000 are subjeot to call yearly, Jan.,
1903 to 1906, inclusive, and the balance Jan. 1, 1907. V. 73, p. 41.
Finances.—See statement to N. Y. Stock Exchange in July, 1897,
V. 65, p. 194, and "History" above.
Gross. $963,875; net, $380,003
Earnings— 2 mos., / 1904
.Gross, 974,521; net, 409,113
July 1 to Aug. 31. J 1903
Annual Report.— In V. 79, p. 1328, showed:
1900-01.
1902-03.
1901-02.
Tear end. June 30— 1903 04.
$5,300,623 $5,066,131 $4,581,158 $4,150,470
Gross earnings
1,496,923
1,728,024
1,949,773
1,884,454
Net earnings
135,776
155,751
129,448
257,031
Div. etc received
;
Total net Income. $2,141,485 $2,105,524
Interest on bonds
Rentals, eto
$772,100
250,023
$772,100
224,193
$1,857,472 $1,632,704
$771,294
$772,100
199,197
208,636
$996,293
$971,297 $979,930
$1,022,123
Total
$652,774
$886,175
Surplus for dividends.$l,l 19,362 $1,109,231
200,000
200,000
200,000
Dv. on pref. 4p.o ... 200.000
Dlv. on oommon .. (2^)262.500 (2**) 262,500 (l)10,i,000
Ohloajro;
Officers.— President and General Manager, W. H. MoDoel,
Treasurer, W. H. Lewis, 198 Custom House Place, Chioago; Secretary
J. A. Hilton, 80 Broadway, New York.
Dlrectors-H. A. Hickman, J. H. Emanuel, A. H. Glllard, A. T. French,
Chas. Steele, R.M. Gallaway, Temple Bowdoln, New York; W. H. MoDoel. (J. B.
Shaw, Chicago; J. Murdock, Lafayette. Ind.; Voln.>y T. Mallott, Indlanapolii.
-(V. 77, p. B94, 7 64; V. 78. p. 828; V. 79, p. 1265, 1 »*».)
Cblc. Indian. 6c St. Louis Sbort Line Ry.- (V. 77, p. 768, 2279;
V. 78, p. 1906; V. 79, p. 785.)
Chicago Junction Railway.— Owns and operates a belt line
around Chioago from Whiting, Ind., to Franklin Park, 111., from Chappell, 111., to U S. Yards, and In the Union Stook Yards dlstriot conneots
with Industries and all diverging roads. Mileage operated (first traok
only), 7493 m., of wnloh Chic Juno Ry. owns 27 48, the balanoe being
operated under lease, trackage rights and other agreement"; total mile
age, including seoond traok, yard traok and sidings, 271 38 miles. As
to proposed extension, in abeyance in April, i904, see V. 78, p 583.
STOCK.-The entire capital stook, #2,200,ooo, is owned by the Chicago
Junction Rys. A Union Stooks Yards Uo. See Industrial Cos.
for $2,500,000 (trustee, E.
Bonds.— First mortgage of C. H. A
Franols Hyde, N. Y.) assumed. V. 64, p. 287.
Earnings.— For year ending Dec 31, 1903, gross, $2,382,810: net,
charges, $530,270; dividends
$686,584; other Inoome, $103,745;
(6 p. c), $132,000; surplus, $78,059— (V. 63, p. 326; V. 78, p. 533).
Chicago Kalamazoo 6c Saginaw Ry.—Owns 55 miles, Pavilion
Stock, oommon, $2,000,000; preferred, $450,to Woodbury, Mich.
-
-
W
!
RAILWAY STOCKS AND BONDS.
Oct., 1904.J
1773
Jones V.
Monroe/
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MAP OF THE
flhanieburgh^S^neTille .^
CumierlanaJ
l
CHICAGO,
>dy^AaairV.
Guthrie^
Cumberland Gap\
rjellico
INDIANAPOLIS
pXJlarksville
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A?
RAILWAY STOCKS AND BONDS.
1774
[Vol. lxxix.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bond*—PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Miles
pal, When
Amount
Due,
Par Outstanding Rate
Of
When Where Payable, and by Slocks—Last
For explanation of column headings, &c, see notes of
Whom.
Dividend.
Road. Bonds. Value.
Per cent. Payable
on first page of tables.
Chicago Milwaukee
&
JPaul—iOoncl'd)—
St.
Lacrosse & Dav. Div. 1st mortgage
F.o* 185
Wlso.Val.RR.Co. IstM., Toman to Merrill, Wis.c 107
Wis. Val. Div. 1st M. s. f., not dr'n
NB.o' 161
Dnb. Div. 1st M., s. f., not dr'n
IVB.c* 351
120
Chic. & Pao. Div. 1st M. (Ch. to Kittredge).F.c*
do West'nDiv. lstmort., (see text) gold.F.c* 1,117
Chlo. & Lake Superior Div. 1st mort., gold.F.c*
68
230
Wis. & Minn. Div. 1st mortgage, gold.F
119
Fargo & Southern 1st mort., gold, assumed
....
Ch. Mil. & St. P. Terminal mortgage, gold... F.o*
Dakota & Great Southern 1st mortgage, gold..F 159
77
Chic & Missouri River Div. 1st mortgage
F.o"
Gen. M(for $150,000,000), gold Ser. A..Us.c*<fcr 5,722
do
do
"B'^^b
c* 5,722
Milw. & North'n 1st mort., Sehwarz.to Gr. Bay..o* 126
362
Consolidated mortgage
o*
Chic. & If. West.— Com. stk., $77,601,045 auth.Tr 4,273
Preferred stock (not cumulative) see text
Tr 4,273
788
Ch. & N. W. con. s.f. M. ($12,900,000), not dr.F.C
Cedar Rapids & Missouri Riv.— 1st mort. 3d Div. 150
M. of 1884, Ced. Rapids to Des Moines River.
122
Madison ext. 1st M., g. (s.f. $23,000,not dr"n).F 129
Menominee ext.lst M., g. (s. f. $20,000, not dr>
114
.
Northw. Union 1st M., g., Mil. to Fond-du-Lao.F
St. Peter ^u uiuu (now 1st) assumed..
1st mort. ext., gold, land grant, s. f., ass'd.o.F*
Plalnvlew RR. and Minn. Val. 1st mortgages
Rooh. & No. Minn. 1st mort., guar, (assumed)....
Dak. C. 1st M., gu. (Watert'n to Redfleld, S. D.)F
Winona &
62
139
184
1879
1879
1880
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1889
1880
1884
....
....
1865
1866
1884
1871
1871
1872
1867
1871
1878
1878
1882
1882
$1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
500 &o.
500 &0.
500 &o.
500 &0.
1,000
100 &o.
$2,500,000
5
1,106,500
7
2,081,000
6
5,909,000
6
3,000,000
6
25,340,000
5 g.
1,360,000
5g.
4,755,000
5g.
1,250,000
6g.
4,748,000
5g.
2,856,000
5g.
3,083,000
5
a24.000,000
4g.
al0,609,000
3iflg.
2,155,000
6
§4,003,000
6
48,336,063 7 in 1904
22,395,120 8 in 1904
12,832,000
7
2,332,000
7
769,000
7
b 2,977,500
7g.
c 2,546,500
7g.
d 3,365,000
7 g.
1,592,000
7
k 4,038,500
7 g.
250,000
7
200,000
7
a 1,007,000
6
2,000,000
6
d not listed, see text
24
71
Dak.C.lst M.on So'east Div. (to Hawarden) gu. Un 125
•-•-a Inol'g July, 1904, $4,109,000 of 3^8 >nd $159, 000 of 4s in t reas. an
additi onal in tresaury.
H Coupon interest J&J; registered Q-J.
$ $1.08 9,000
000; outstanding, common, $675,000; pref.. $271,000; par of shares,
$100. The first mortgage is for $225,000 to Union Trust Co. of Detroit,
as trustee; bonds all in treasury; current accounts Jan. 1, 1902, $98,336. In 1901, gross, $84,248; net, $25,715 int. on debt, $9,907
dividends, $6,266. President, James H. Dewing; Treas. and Seoy. H. C.
;
Potter, Kalamazoo,
Mich.— (V. 61,
Chicago Lake Sliore
p. 1063.1
& Eastern Ry.—Embraces
159-04 miles
of track, connecting the various works of the Illinois Steel Company at
Chicago, Joliet and Milwaukee with diverging trunk lines, and also
with steamship lines, stone quarries, industrial establishments, etc;
also by trackage rights over 149-54 miles of roads reaches the coal
and Indiana and Joliet, 111., handling between South
Chicago and these points a large traffic for the Illinois Steel Co. The
stock, $600,000, and the bonded debt ($3,230,000) are owned by the
Federal Steel Co., and thus controlled by United States Steel Corp.
Equipment, October, 1904 Locomotives. 71; freight oars, 4,148;
oabooses, 11; sundry road cars, 169.— (V. 67, p. 428, 483).
fields of Illinois
:
Chicago Milwaukee & St. Paul Ry.— Operates from Chicago westerly to St. Paul. Minneapolis and Lake Superior, Omaha,
Neb., and Kansas, City, Mo., with lines, traversing Illinois, Iowa,
Missouri, Michigan, Wisconsin, Minnesota and the Dakotas, viz.:
Road.
Miles.
Road.
Miles.
Lines owned (of whioh 28
2nd & 3rd tracks
385
miles owned jointly)
6,906 Trackage (includ. 2d track)... 289
Hibtoby, <fec—The Milwaukee & St. Paul RR. Co. was organized May
5, 1863, and on Feb. 11, 1874, took its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee & Northern to the St. Paul was
ratified in September, 1893. In Mar., 1903, the Wisconsin Western
R. R., La Farge to Wauzeka, Wis., 51 miles, was aoqnired, and will be
operated separately for the present. V. 76, p. 541. In Sept., 1903,
purchased 19 miles of Marinette Tomahawk & Western Ry., running
to Gleason, Wis.; a connecting line, 11 miles, being built. Branoh from
Davis Jet.. 111., to MoNabb, 77 miles, of which 40 miles is trackage,
was opened May 1, 1904.
Capital Stock.—The preferred stock has a
prior right over the
stock to a dividend of not over 7 per oent from net earnings in
each year, but if not earned it has no cumulative right. After payment
Of 7 per cent on preferred and 7 on common, both classes share pro rata.
Common stock raised to $58,183,900, by stockholders subscribing at
par to 10 per cent increase ($8,673,200) in April, 1901, and $2,362,100 additional sold In Jan., 1902. See below. V. 72, p. 437.
The stockholders voted on Oct. 4, 1902, to Increase the
authorized common stock from $58,183,900 to $83,183,900. See
V. 75, p. 793. Preferred stock on Deo. 31, 1873, was $12,274,483; it
has been increased to present figures almost entirely by exchange
of convertible bonds for stock, only about $9,000,000 having been
issued for other purposes (improvements, etc.). In July, 1904,
$2,291,000 prior lien bonds were exchangeable.
Drvs. since '90. V91. '92. '93. '94. '95. '96. '97 to '00. '01. '02. '03. 1904.
On common.
yearly
7
On preferred.
yearly 7
7
7
7
In 1902, on common, April, 3 p. c; Oct., 3*3 p. o. and *a p. o. extra,
making 7 p. o. for the year. V. 75, p. 549.
Bonds.— Abstracts of some of the older mortgages were published in the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
The following bonds are convertible into preferred stock at any time
within ten days after a dividend shall have been declared and become
payable on the preferred Iowa & Dakota Extension 7s and Chicago
Milwaukee & St. Paul consols of 1875. The convertible bonds were
fully described in Supplement for March, 1893, p. 2.
Chicago <t Pacific Western Division, see Supplement of Jan. 1901.
Terminal five per cent bonds of 1884 cover terminal property
of several hundred acres in Chicago and Milwaukee.
The general mortgage of 1889 (see abstract in V. 48, p. 830) is for
$150,000,000, to the United States Trust Co., of New York, as trustee,
and covers the entire railway property and franchises of the company
(therein described) subject to prior liens as below mentioned. The
prior lien bonds cannot be extended, but will be paid off at maturity.
On June 30, 1904, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose indioated, viz :—
Amount in the hands of the public
$30,341,000
Di treasury of the company (unsold) see below...
4,268,000
common
[-0244245
37777777
677
:
Total reported by the
company
as outstanding
$34,609,000
$87,442,500
Reserved for prior liens
Available or eventually to become available for improvements, there being included In this amount the
bonds originally reserved for prior liens, which nave
sincebeen converted into pref. and common stock
I
„,..„
A
^7,948,500
|
)
Total authorized
$150,000,000
The $34,609,000 outstanding include $6,000,000 issued to pay for
178 miles of sundry small branches on which the general mortgage is
a first lien, and to retire the $2,500,000 first mortgage bonds of
Chicago Evanston & Lake Superior Ry., a Chicago suburban road,
?9,539, 000 issued to replace prior bonds paid and oanceled and $19,70.000 for additions to property.
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tlonal amounts in treas
July
1,
1919
Jan. 1, 1909
July
July
1, 1920
1, 1920
Jan. 1, 1910
Jan. 1, 1921
July 1, 1921
July 1, 1921
Jan. 1, 1924
July 1, 1914
Jan. 1, 1916
July 1, 1926
1, 1989
1, 1989
June 1, 1910
June 1, 1913
July 1, '04, 3ia
Oct. 1, '04,
Feb. 1, 1915
1, 1916
June 1, 1909
Apr. 1, 1911
June 1, 1911
June 1, 1917
Nov. 1, 1907
Deo. 1, 1916
May
May
2%
May
1908
Sept. 1,
Sept. 1,
Nov.
1,
1908
1907
1907
ury, see text.
General finances, <fec.— Capitalization per mile of road June 30,
1904: Stock, $15,429; bonds, $17,82*; interest charge, $904.
In Oct., 1902, made a traffic agreement with the Union Paciflo RR.,
terminable on notice, for through passenger and freight service from
Chicago to the Pacific ooast. V. 75, p. 848, 1301; V. 76, p. 101.
In Apr., 1901, stockholders subscribed to $8,6/3,200 new stock at
par, the proceeds to reimburse the company for 301 miles of new road
built during the past two years, and provide for Kansas City cut-off
and other necessary new construction, to cost $4,300,000, and In
Jan., 1902, $2,362,100 additional common stook was sold to pay in par
for 298 miles of new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In Oot., 1902, the rate of dividend on common was Increased to 7 per cent.
The funded debt was increased during the year 1903-04 by the issue
of $213,000 of general mortgage bonds and was decreased $863,000 by underlying bonds retired and canceled of the latter, $650,000 were converted into preferred stock. Of the funded debt there
was in the treasury June 30, 1904, $5,357,000 (against $5,144,000
June 30, 1903), of which $4,109,000 was general mortgage 3^8 and
$159,000 gen. M. 4s. During 1900-01 $4,000,000 of the general 3»as
and $100,000 general 4s were sold. V. 71, p. 1119; V. 73, p. 563.
Average freight train-load in 1903-04 was 245 tons rate per ton per
mile, 0-891c; In 1902-3 train-load. 241 tons; rate per ton per m.0865o.
Earnings.— 2 mos , ) 1904
Gross, $8,207,274; net, $2,889,817
July 1 to Aug. 31. (1903
Gross, 8,337,604; net, 3,094,926
Annual Report.— Fiscal year ends June 30. Annual meeting is
held in September. Report for 1903 04 was given in V. 79, p. 1021;
also editorial, p. 1304. In 1903-04, of 21,267,370 tons of freight carried, grain furnished 22 p. c; other agricultural produots, 2 p. c; coal
and coke, 15 p. c; lumber, 8 p. c; other forest produots, 10 p. c, and
miscellaneous, 43 p. o.
190102.
1903-04
1902-03.
6,604
6,647
Aver, miles operated June 30..
6,829
$8,918,966
$9,542,201
Passenger earnings
$9,661,633
33,516,812
34,797.045
Freight earnings
35,081,759
3,177.346
3,323.491
3,586,942
Mall, express, Ac, earns
Total earnings
$48,330,335 $47,662,737 $45,613,124
$7,219,136
$7,347,048
Maintenance of way
$5,128,249
3,363,596
3,893,834
Malnt. oars and engines
4,65 1 ,783
14,881,635
16,829,796
Transportation. gen. exp., etc.. 18,597,343
1,400,161
1,470,187
Taxes
1,600,732
;
;
Renewal account
Additions to property
Miscellaneous
Total expenses
Net earnings
Other income
Total net Income
Interest on debt, etc
Balance for dividends
Div. on common
Div. on pref
Balance, surplus
2,475,000
1,105,000
707,575
1,190.907
$31,876,590
$16,453,745
316,431
$16,770,176
6,051,775
$10,718,401
857,367
95?,309
$31,598,174 $30,196,895
$16,064,563 $15,416,229
434,315
510,031
$16,574,594 $15,850,544
6,210,086
6,101,335
$9,640,458
$10,473,259
(7)$4,072,841 (7)$4,072,873(7)$4,072,873
3,368,379 ( 7) 3,349,388 (7 ) 3,259,403
$2,308,182
$3,277,lal
$3,050,998
(7)
Officers.— Chairman, Roswell
Miller,
30 Broad
Street,
New York;
President, Albert J. Earling, Chicago; Treasurer, F. G. Ranney,
Chicago; Seoretary, E. W. Adams, Milwaukee.
Directors.— Roswell Miller, New York; A. J. Earling, Chtcauo; Frederick
Layton. Milwaukee: J. Ogden Armour, Chicago; Prank S. Bond, Joseoh Milbank, William Rockefeller, Peter Geddes, Jo^n A. Stewart, Samuel Spencer,
James H. Smith, Charles W. Harkness, Henry H. Rogers. New Vork.
Executive Committee.— Roswell Miller, A. J. Earling, Peter Geddes, William
Rockefeller, Samuel Spencer.
New York Office—30 Broad rSt.— (V.
696,
8i.'3;
V. 78, p. 1274; V. 79, p.
76, p. 1191; V. 77, p. 349,
626,
1021)
Chicago A North. Pacific RR.—Chicago Terminal Transfer RR.
Chicago & North Western Ry.— (See Map.)— Operates an Im-
portant 3ystem of roads uniting Chicago, 111., with Omaha, Neb., St.
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc, and
with the mining regions of Michigan and the Black Hills, including—
Miles.
Miles.
Road owned in fee
38
Main lines, etc
7,294 Sundry trackage
Entire stock owned
7,411
16
Total July 1,1904
Princeton & Western
799
2d track
8t. Paul Eastern Grand Trunk
—
—
60
(leased)
De Pue Ladd&
East, (leased)
History, <&c—A Vanderbllt line
—
Large interest owned
Chicago St. Paul Minneapolis
& Omaha
(V. 75, p. 1086) organized la
1,676
1859.
In July, 1884, the capital stook of the Fre nont Elkhorn & Mo.
Valley was acquired, and in Feb., 1903, Ake road was absorbed.
Its securities, except those held bv Chlo. & N. W.. are In table
above. V. 75, p. 514, 516 On June 30. 1901, purchased Sioux
City & Pacific RR. V. 72, p. 721, 1236; V. 73, p. 444; V. 75. p. 446.)
in 1900 various proprietary roads were purchased and in 1900
to 1902 others built in the interest of the C. & N. W. were absorbed.
V. 71, p. 291, 294; V. 73, p. 294, 1010; V. 75, p. 446.
—
,
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
Miles
Date
Size,
or
of
of
Par
For explanation of column headings, Ac, Bee notes
Road. Bonds Value.
on first page of tables.
Amount
Outstanding
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Western— (Continued)—
Chicago & Jforth
Menominee River 1st M., two series (assumed) F
Mil. <fe Mad. 1st M., Mil. to Madison (assumed) Fo*
.
Chicago & Toman 1st mort., guar, (assumed). F >
Chicago Milwaukee & N. W. oonstruc. do
. F 5
Des Molnes&Mlnn. 1st M. ,Des M.to Jewell Jo. F&o.
Ottum.C.F.A 8t.P.lstM. ($25,000 p.m.), gu.Un.o*
No. 111. 1st M. ($20,000 p. mile), assumed Un.o*
Mil. L. 8h. & W., Consol. M. (now 1st) gold.Ce.o*
Mich. Div. 1st mort. (for $3,000,000), g..Ce.o*
Ashland Division 1st mortgage, gold
Ce.o*
Deben. (see text) seo. by mort of '89, g. ..Ce.o"
Ext.<feImp.M.for$5.000,000,g., s.f. notdr.Ce.C*
31 •76-'80
82
152
57
64
76
413
82
40
693
693
1880
5 1880
U882
1882
1884
1885
1881
1884
1885
1887
1889
r
Income bonds (not oum.); no coupons
1881
"40 1892
Marsh. Ex.lstM.$600,000($15,000 p.m.). Un.c*
O.&N.W.s.f.bdsof79($15,O00p.m.)r'd.atl05.Fcfcr 1,041 1879
o*<fcr
Sinking fund debentures. 1933 Un
1891
25-year debentures. Un
o*<fcr
1884
Chicago «fe No. W 30-year deb .Un
o*<fcr
1891
Exten. 4s, $20,000,000 ($20,000 p. m.).Un.o&r
1886
Gen'l gold bond, mort., $165,000.000.Us..c*&r
1897
Boyer Val. Ry., 1st M., r\, $16,000 per m.F.o\fcr
90 1898
Minn. & la. Ry., 1st M., g., $16,000 per m. F.o*<fer 119 1899
Mankato & New Ulm, IstM., g., $416,000. F.0**r
26 1899
Southern Iowa, 1st mort.. $1,120,000, g.F o*&r
56 1900
Princeton & North., 1st M., $2,100,000, g.F.. car 105 1901
Peoria & Northw., 1st M., $2,125,000. g.F...o<fer
85 1901
Sioux City & Pao., 1st M., g., $4,000,000. F...cfer 125 1901
Sioux City & Pao., pref. stook (1st M. on 6 m.)...
6
Minn. <fe So. Dakota, IstM., gold, $528,000. F..C*
33 1900
Iowa Minnesota & Northwestern 1st M., g.F.o*<fer 195 1900
Frem. Elk. & M. V. cons. M. $25,000 p. m., assumed 1,170 1883
IT Coupon interest M. & N.: registered Q. F
.
Chicago
1,000
1,000
1,000
1,000
1,000
1,000
1,000
436,000
1,000
4,148,000
1,000
500,000
1,000
400.000
l.OOO&c 12,455,000
l.OOO&o
9,800,000
l,000&o f 5,369,000
l,000&c g 9,819,000
l.OOO&o b 17489,000
l.OOO&c ml9965000
l.OOO&c
1,440,000
l,000&o
1,904,000
1,000 p
416,000
l.OOO&o N'neJuly'04
l.OOO&o nl,940.000
l,000&o
2,125,000
l.OOO&o 03,926,000
100
6,800
1.000
528,000
l.OOO&o
3,900,000
1,000
t 7,725,000
& North Western Ry.— (Concluded.)
Capital Stock.— Of the common stook $2,338,413, and preferred
$3,835 remained in the co's treasury In July, 1904. Pref. stock has a
prior right to 7 p. c; then common 7 p. c; then preferred 3 per cent;
then oommon 3 per cent; then both classes share. In 1903 the
authorized oommon stock was increased from $41,448,366 to $77,601,045 (making the entire stock $100,000,000). See General
Finances below. V. 75, p. 10<*5, 1146; V. 77, p. 516.
The consolidated sinking fund bonds of 1915 have voting power.
Drv.— ('85. '86to'P3. '94. '95. *96to'99. '00. '01. '02. '03.
'(
1904.
Com
< 6ia 6 yearly.
3
4 5 yearly. 6 6
7
7
7
(7ia
Pref
— Below.7 yearly
8
In 1902, on common, Jan., 3 p. c July, 3 p. c. and I p. o. extra; in
1903, 7 p. c; 1904, 7 p. c. On pf., Jan., 1% p. c; April, l%p. c, July,
1% p. o. and 1 p. c. extra; Oct., 2 p. c; In 1903. 8 p. o. (paid Q.-J.); 1904,
8 p. c. (paid Q.J ). The extra dividends of 1 p o. each on the stocks in
July, 1902, Increased the rate tor the fiscal year 1901-2 to 7 and 8 p. o.
on the common and pref stocks, respectively. V. 74, p. 1194.
Bonds.— General Mortgage.— See Abstract In V. 65, p. 1175'
The authorized issue is $165,000,000 (United States Trust Co., trustee)
$131,645,000 were reserved to retire underlying bonds, and remainder
for additions and Improvements, $4,000,000 at once and $1,000,000
a year thereafter. V. 65, p. 1070. V. 65, p. 69, 111, 571 V.75, p.980.
The sinking fund bonas of 1879 are secured by deposit In trust
of $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most Important being described in Supplfment of
May, 1894. Of the sinking fund bonds of 1879 $5,686,000 are 6s;
the sinking fund Is at least 1 per cent of outstanding bonds, which
are subject to call at 105; and through its operation th6 amount
outstanding has been reduced from $15,000,000 to the figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year, if they can be redeemed at 105. See description of all the
debentures on page 2, Supplement of April, 1895.
The extension bonds of 1886 are secured by deposit in trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Included in
the collateral July 1, 1904, were $10,675,000 Fremont Elk Horn & Mo.
Valley lsts and $2,560,000 lsts Wyoming Central lsts [consolidated
with F. E. & M. V.], etc. See P. E. <fe M. V. bonds below.
The Fremont Elkhorn <t Missouri Valley consols have a first lien on
1,170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and
branohes to Hastings, Albion, Ac, 613 miles), but besides the amount
of Issue given as outstanding in the table $10,675,000 (along with
$2,560,000 Wyoming Central firsts, A. F. E. & M. V. Issue) are held as
part collateral for Chicago & North Western extension bonds of 1886.
The Boyer Valley Minnesota & Iowa, Boone Connty Mankato & New
Ulm, Minnesota & South Dakota and Iowa Minnesota & Northwestern
bonds were assumed In June 1900, the roads being absorbed upon
completion; also in 1901 the Southern Iowa the Peoria & Northwestern and the Princeton & North western and the Sioux City & Paclflo
(see description of its bonds V. 73, p. 444. 1159). See V. 71, p. 28,
'
;
;
291, 294, 340; V. 73, p. 294, 1010.
General Finances.— Stockholders in Feb., 1903, subscribed to $9,226,110 new oommon stock at par, raining the amount outstanding to
$48,340,000. V. 75, p. 1085, 1146.
Earnings.— For 2 mos. ending Aug. 31: Gross, $9,554,090 in 1904,
against $9,610,148_in 1903.
Annual Report.— Fiscal year changed to end June 30. The annual
meeting is held the third Thursday in October. The report for 1903-04
was given at length in V. 78, p. 965, 970. Results of Fremont Elkhorn
Mo. Valley, 1,372 miles, are Included from Feb. 16, 1903. See also
edit., p. 934.
Of the freight oarried in 1900-1 (total 25,527,575 tons), ores furnished 23 per cent; lumber and logs, 15 per cent; grain, flour and mill
stuns, 13 per cent; other agricultural and dairy produots, 3 per cent;
coal and coke. 15 per cent; metals and machinery, 5 per cent: stone,
sand, briok, etc., 5 per cent; live stock, 4 per oent; misoeL, 17 p. o.
,—Ytars end. June 30.^,
Tears end. May 31.
1904.
1903.
1902.
1901
Average miles oper..
7,404
6,457
5,760
5,507
Passenger earns
$13,027,708 $12,161,997 $10,886,139 $9,718,191
Freight
37,254,539 35,811,008 33,436,892 31,864,945
Mall, express, Ac...
3,052,387 2,6^6.137
2,015,451
2,321,091
Total earnings.. .$53,334,634 $50,639,142 $46,644,122 $43,098,587
Oper. exp. & taxes.. 37,227,109 33,851,672 30,005,643 27,229,998
Netearnings
$16,107,525 $16,787,470 $10,638,479 $15,868,589
P. o. exp. to earnings (69-80)
(63-18)
(66'85)
(64-33)
&
—
Year end.
June 30, 1904.
1,600,000
1,528,000
e 601,000
600,000
1,600,000
1,500,000
5,000,000
1,281,000
1,000,000
— Years ending May
1903.
1902.
31.-
1901.
Total net receipts.... $17,596,760 $18,095,548 $18,058,159 $17,288,269
Interest on debt
$7,971,518 $7,475,970 $7,248,638 $7,167,352
Sinking fund, etc....
225,500
230,316
299,630
234,695
Dlv. on common..... (7)3,383,324 (7)3,060,414 (7)2,737,868 (6)2,346,744
Dlv. on preferred.. .(8)1,791,600 (8)1,791,600 (8)1,791,598(7)1,567,650
Real est., const., &c. 4,000,000
4,169,526
5,013,418
4,697,055
Balance, surplus....
$224,818
$523,830 $1,348,305 $1,737,367
The Fremont Elkhorn & Missouri Valley, included above from Feb.
16, 1903, earned for the year ending May 31, 1902, gross, $4,589,449;
net, $1,377,065; charges, $1,043,009; bal., sur., $334,056.
5
Whom.
Payable
& J.
& S.
& N.
& N.
F. & A.
M. & S.
M. & 8.
g. M. & N.
g. J. & J.
g. M. & S.
5 g. F. & A.
5 g. F. A A.
M. & N.
6
A. & O.
5
&6 A. & O.
M. & N.
5
M. & N.
5
A15&0
5
7
6
6
6
7
5
5
6
6
6
$560,000
1,000
1775
J.
N.Y.,Oo, 'sOffloe,52Wall
M.
M.
M.
F 15&A.
4
3iflg.
3iflg.
3Jflg.
3iflg.
3ia g.
3»«g.
3^«.
3igg.
7
3ia g.
3ia g.
6
Dividend.
If
& D.
& D.
A. & O.
M. & S.
J. & J.
M. & S.
F. & A.
A. & O
J. & J.
J. & J.
A. & O.
J.
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
ao
do
do
do
do
do
do
do
do
do
do
do
do
July
1,
Sept. 1,
Nov.
Nov.
1,
1,
1,
Feb.
Moh.
Mch.
1,
May
1,
1,
July
1,
Mch.
1,
1,
1,
1,
1,
1,
1,
1,
Feb.
Feb.
May
Oct.
Oct.
May
Nov.
Apr. 15,
Aug. 15,
Nov. 1,
Deo. 1,
June
1,
Oot. 1,
Sept. 1,
Jan.
1906
1905
1905
1905
1907
1909
1910
1921
1924
1925
1907
1929
1911
1922
1929
1938
1909
1921
1926
1987
1923
1924
1929
1925
1926
1926
1936
1.
1,
1,
Oct. 1, '04, 3i«
Jan. 1, 1935
Jan. 1, 1935
Oct. 1, 1933
Mch.
Aug
Marvin Hughltt, Chicago; Vice-President and
52 Wall St.. New York 2d Vice-President,
M. M. Kirkman, Chicago Treas. and Asst. Sec, 8. 0. Howe, New York.
Directors.— W. K. Vanderbllt, F. W. Vanderbi It, H. McK. Twombly, Samuel
Officers.—President,
Secretary, E. E. Osborn,
;
;
M. Depew, James Stlllman, James C. Fargo, Frank Work,
Lake Geneva. Wis.; Marvin Hughitt. Byron L. Smith,
Cyrus H. McCormick, Marshall Field, Chicago; H. C. Frick, Pittsburg, Pa.; David
P. Kimball, Oliver Ames, Boston; Zenas Crane, Dalton, Mans.
(V. 77, p. 508, 514; V. 78, p. 583, 2333; V. 79, p. 679, 965, 970.)
V. Barger, Chauncey
Y.; Albert Keep,
N.
—
&
Ry.-
Road.— Owns from Pekin
Chicago Peoria
St. Louis
to Granite City, 111., 180 miles; Madison to Bridge Juno., 3 m.;
Havana to Jacksonville, 111., 42 m.; branoh, Lockhaven to Grafton, 8 m.;
total owned, 233 m.; trackage, Pekin to Peoria, 10 m.; Granite City,
HI., to Merchants' Junction, 3 m.; inSprlngtield, liam.: Madison, 111.,
to St. Louis Station, 7ia miles. Owns majority of stook of and operates
Litchfield <fe Madison Ry., Litchfield Jet. to Madison, 44m.; trackage,
St L. Jet. to Litohfield, 1 m.; total 300 miles.
J.
Reorganization of Chicago Peoria & St. L. RR. and St. L. Chio. & St.
Paul Ry., sold in foreclosure Jan. 8, 1900, perplan In vol. 68, p. 722.
Bonds.— Of the $2,000,000 prior lien 4*as (City Trust Co. of N. Y.,
trustee), $425,000 are reserved for future extensions, improvements,
etc. Of the Litchfield
Madison guaranteed 1st 5s ($750,000 authorized issue), $600,000 will be used at present for Improvements.
&
&
V
Stock, oommon, $3,600,000; pref., $3,750,000.
Report for year to June 30, 1903, in V. 78, p. 340, showed
gross, $1,710,170; net, $324,156; other income $14,897; total deductions, $253,759; balance, surplus, $85,302. Litch.
Mad gross,
$111,294; net, $41,480; int., taxes, etc., $28,866; bal., $12,614. Pres.,
Charles E. Kimball. New York; Seo'yand Asst. Treas.. H. W. Berger,
Springfield. 111.: Treas. and Asst. Sec, C. M. Gleason, New York.— (V.
76, p. 43 1 V. 77, p. 146, 2158; V, 78, p. 340; V. ; 9, p. 902 )
77. d. 147.
&
;
Chicago Rock Island
<fc Pacific Railroad.— Incorporated in
an operating company, per plan V. 75, p.
239, to take over the Chic R. I. & Pao. Railway. The entire capital
stook ($145,000,000) is owned by the Rook Island (holding) Company.
Bonds.—The collateral trust 4 s of 1902 (authorized issue $75,000,000) are secured by a pledge with the trustee of an equal amount
of the stock of the C. R. I. & P. Railway as acquired. In July, 1904,
$69,.r>57,400 of the $74,817,100 Railway stock had been acquired.
In 1904*17,180,940 of an authorized issue of $18,500,000 collateral
trust 5s of 1913 had been issued with Rock Island Co. stook in payment for $28,634,900 of the $30,808,000 St. Louis & San Francisco
com. stook. V. 76, p. 1406.— (V. 76, p. 1084, 1191, 1247. 1406.)
Iowa on July
31, 1902, as
Chicago Rock I aland Sc Pacific tty.—(8ee Map Rock Island Co.
1853J— The system extends from Chicago, 111., via
pages 1852 and
Omaha,
Neb., to Denver and Colorado Springs, Col., and via Kansas
City, Mo., to Santa Rosa,
Mex., there connecting with the lines
New
New Mexico Ry. & Coal
Co. and forming with them and the
Southern Pacific a through line to the Paolflo ooast; also from Tuoumoari, N. M., to Memphis, Tenn., and to Fort Worth, Tex., on the south,
and on the north to Minneapolis, Minn, and Watertown, S. Dak., with
of the
numerous branohes,
Lines owned—
viz. (see
V. 75, p. 1156; V. 76, p. 751
Miles.
500
341
El wood to Santa Rosa, N. M. 697
Herington,Kan.,toTerral,I.T. 349
Horton, Kan. to Roswell,Col. 569
Go wrle to Sibley, la
109
Terral to Ft. Worth, eto
123
Branohes
1,207
Chio.,m..toCounoilBluffB,Ia.
Davenp't,Ia.,to Atoh'n, Kan.
,
Total owned
3,895
Leased, etc.— n Which see.)
Peoria & Bureau Valley
47
IT
Keokuk & Des Moines
Miles.
Des Moines
Fort Dodge.. ff 144
Burl. Ced. Rap. & Nor
ffl,373
Rook Island & Peoria
121
IT
Choctaw Oklahoma & Golf if 1,055
St. Louis Kans. City & Col... M 298
<fe
Controlled
— Oper. Separately—
Trackage to Kansas City,
No. Topeka, Kan., Denver,
Col., Pueblo, Col., eto
408
Total lines July, 1904
Under construction—
. .
.7,503
162 Various extensions
142
if
Total system July, 1904, inol. mileage under construction. .7,645
History.—The present Chicago Rock Island & Pacific was a con
solidation June 2, 1880, with $50,000,000 stock authorized.
In July, 1903, $69,557,400 of the $74,817,100 capital stook had been
deposited per plan V.75, p. 239, each $100 stock being exchanged for the
following securit es: $100 in 100-year 4 p. c gold bonds of the Chic. R. I.
& Pac Railroad (of Iowa), the new operating company, and $70 preferred and $100 common stock of the "Rock Isl'd Company" (of New
Jersey), which owns the entire capitil stock of the Railroad company.
See also statements of those companies in this Supplement.
All the stock of the Chootaw Oklahoma & Gulf RR. is owned and
the road leased for 999 years from Mar. 24, 1904. See that company
and V. 74, p. 775, 1354; V. 78 p. 1222.
In 1902, also, most of the outstanding stook of the Burlington Cedar
Rapids & Northern and Rock Island & Peoria (which see) were acquired, and their roads leased from June 1. V. 74, p. 1194. 1250.
As to Des Moines & Fort Dodge RR., see V. 74, p. 1037; V. 78, p. 988.
In April, 1902, purchased all the stock and bonds ol the St. Louis
Kansas City & Colorado, St. Louis to Belle, Mo., and completed it from
St. Louis to Kansas City, 297 miles, in June, 1904
V. 75, p. 665. See
K. C. & Col., V. 76 p. 158; V. 78, p. 768. See V- 78, p. 1446.2333:
V. 79, p. 151.
1776
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
:
o
:
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
1777
Miles Date Size, or
Amount Rate per When
of
of
Par
For explanation of column headings, &o. see notes
Road. Bonds Value. Outstanding
Payable
on first page of tables.
Cent.
<& St.h.—Ps. lien M., g., oaU at lOT^.Ci.o*
Consol. M., $2,000,000, g., called at 105. Col. .o*
Income M., g. (text) nonoum called at par
Chic. Pco.
EC
,
A M.
L.
1st M., red.
05 aft.
1
'07, g., gu., p.
<fc
l.KC
230
230
230
44
Ch.R.I.dtPac.RR.— Col.t.M.,$75,000,000.Ce.C*&r
o*
Col. tr. M., *18,500,000, g., red. 102W.Ce
Chic. Rock Isld. & Pac.Rtj —Stock ($75,000,000).
736
1st M.,Chlc, 111., to Council Bluffs Abi-'ches. Us c*
Gkineral mortgage, $100,000,000, gold...Ce.o*<fer 3,128
J
Col. tr. M.,g.. Ser.C to P, dueyrly.red.lOl^.Ce e
Ref. M.. $163,000,000, g., red 105 to 'll.Ce.c'&r Text.
Notes peourel by dep. of $7,500,000 ref. bonds
Do $11,250,000 refund, bonds, red. 102
Soullin red. at par
s Frarcis red. at 102
Elevator, $1,000,000, gold, red. at par
Louis <£ /Ve?o Orleans— See III. Centr AL.
Notes St. L. K. C.<& Col.
sec as collateral
1st
M. on
Chicago
St.
Bonds— .Princi-
INTEREST OR DIVIDENDS.
RAILROADS.
—
)
1900 $1,000
4^g.
$1,575,000
1900
5 g.
1,000
2,000,000
1900
1.000
2,000,000 Up to 5 p
1903
5 g.
1,000
600,000
1902 l.OOO&o 69.557,475
4g.
1903
5 g.
1,000
17,180,940
....
100 74,818,100 See text.
1877 l.OOO&c 12,500,000
6
1898 l.OOO^c 61,581,000
4g.
1902
4 g.
1.000
20,916,000
19<i4
1901
1904
190;
1902
1904
& Omaha—
Com. stock..
Ghlcaqo St. Paul Minn.
Pref. stock, non-cum., including scrip (see text)
....
Paul Stillwater & Taylors' Falls 1st mort. ...c
Hud. & River Falls 1st M., Hudson to River Falls.
Ch.St. P.& Minn. 1st M.,g.,ElroytoL.St.C.ass'd.o*
St. P. & Sioux City, 1st M., g.. $10,OOOp.m..Ce.c
St.
No. Wis. 1st M. LakeSt.C.ton'rSpoonerass'd.Ce.o*
Sault Ste. Marie & Soutkwest'n 1st M., assumed.c
C.St.P.M.&O.M.,$30,000,000 ($15,000 p.m)Ce.o*
Consols. interest reduced
do
do
Chic. Term'l Tr. RR.— Ch.&Gt.W.,lst M., g.,ass'd.o*
City of Chicago purchase money mort., assumed
Chic Term. Transf.lstM.,g.,$16,500,000 Us. o*&r
Chicago dt Western Indiana Stock (see text)
General M., gold, sink, fund, subj. to call 105.. o*
o*
Consol. mortgage, $50,000,000, gold. I C
21
12
177
607
80
37
,
1,0004 c
50,000
1,000
100
100
1878 ")00 Ac
1878 500 &c.
1878 )00 <feo.
1879
1,000
1880
1,000
1890
1,000
1880
1,000
1880
1,000
1886
1,000
91
1897
1,000
"48
—
82-92
1,000
1,000
100
1902
See text.
5,000.000
7,500.000
2,250,000
2,250.000
1,000,000
4g.
4*3
4<*
6g.
6
5
g.
g.
M.
<fe
&
M. &
M. &
J.
8,
Where Payable, and by
Whom.
N.Y.
office,
J
er cent
do
when
When Due.
Stocks— Last
Dividend.
pal,
52 William. Mch
July
do
1,
1,
1,
1930
1930
1930
1933
2002
1913
July
earned.
Y. office, 52 William. May 1.
N. Y., First Nat. Bit.
Nov. 1,
m. & a, Int. from Sept. 1, 1903. Sept. 1,
Quar. New York and Chicago. Oct. 1, '04,234
N. Y, First Nat. Bk.
J. & J.
July 1, 1917
J. & J.
do
Jan. 1, 1988
do
M. & N.
do
May, 1905-18
do
New York.
A. & O.
Apr. 1, 1934
A.. & O. N. Y., First Nat. Bank.
Apr. 1, 1B05
J.
F.
F.
A.
N,
N,
dc
do
J.
&
&
&
N
A.
A.
O.
18,558.953 6 In 1904 F. & A.
11,259,911 7 in 1904 F. & A.
J. & J.
7
334,800
J. & J.
8
125,000
eg. M. & N.
1,859,000
A. & O.
6,070,000
J. & J.
659,000
M. & N.
5
350,000
J. & D.
6
14,695,000
& D.
3»a
2,159,000
& D.
5g.
394,000
M. & N.
5
650,000
4g. J. & J.
15,125,000
Q.-J.
6
5,000,000
M.
6g.
9,453.000
J. & J.
11,367,000
Q—
1907
1905
July 15, 1905
Oc
1, 1924
July
do
St.
Feb.
Louis.
do
Chicago.
.
N. Y., Office, 52 Wall
do
do
do
do
do
do
do
do
do
1,
1,
St.
do
do
do
do
do
do
do
do
do
Ang 20, '04. 3
Aug20 04,3i«
;
Jan.
July
May
Apr.
Jan.
Nov.
June
June
Mercantile Trust. June
1, 1908
1, 1908
1, 1918
1, 1919
1, 1930
1, 1916
1, 1930
1, IS 30
1, 1936
1, 1938
1, 1947
N. Y.,
To City of Chicago.
May
N. Y., Mercantile Trust. July
Chicago.
Oct, 1, '04, 1*«
N. Y., J.P.Morsran & Co. Deo. 1, 1932
Ill.Tr.&S. Bk.Chio.&NY July 1, 1952
In addition sinking fund July 1, li*04, held, a, $58,000; b, $172,500; c, $150,500; d, $135,000; «, $149,000; f., $521,000 (and $10,000 on
$P 94.000; n $160,000; o $74,000: pAUins.f.: ff Coupon iuterest M. & N.; reg. Q.— F.
hand); g., $181,000; h, $1.143,000: k. $202.500:
m
Stock.— In July, 1901, stockholders subscribed to $10,000,000
additional stock, raising the amount to $60,000,000. See below. In
1902 the stock was Increased to $74,818,100 by sale of $^,235,500
at par to shareholders, the issue of $5, 885,000 to take up Bur). Ced. Rap.
& Nor. and Rock Island & Peoria minority stock and $2,000,000 to pur-*
chase the St. Louis Kan. Citv & Colorado Ry., and by sale of $880,500.
V. 74, p. 1194; V. 75, p. 28; V. 77, p. 1742.
>'94 '95 '96 '97 '98 '99 to '02. '03.
Dividends
1904.
S3i« 2
since '93. P.ot
2 213413 5 yearly. 7*2
8*4
In 1904, Jan., IVj; April, 3; July, 1%; Oct.,
Bonds.—The refunding 4 p. e. mort. of 1904 ($163,000,000 authorized
Issue) will be a first lien (either directly or ihrougli pledge of the entire
issues of bonds of the companies owning tbe same) on terminal property in St. Paul, Minneapolis and St. Louis, n«w equipment, and shops
at Moline, 111., costing in all $18,534,000 and on railway lines aggregating 1,148 miles; also a junior lien subject to existing mortgages on
all the other lines of the system of ihe Railway company, aggregating,
exclusive of leased lines and trackage, 5,689 miles. See full Ptatement
in V. 78, p. 228, 234; V. 79, p 1716. They are issuable as follows
Total issue in no case to exceed
$163,000,000
Issuable forth with
$15,000,000
Reserved to retire at or before maturity all bonds of the
raxlway system falling due within the next 30 years
(none of such underlying bonds to be extended), also
to acquire $25,900,000 general 4s of 1898, issuable for
2V
improvements,
viz.:
Chicago Bock Island
BONDS AND NOTES TO BE TAKEN UP.
& Pacific Ry Ken. mort, is, here-
after to be issued,
(a)
(b)
viz.:
To retire at maturity first 6g of 1917
112,500,000
At not exceed ng f 1,uOo,0(jO per year for additions
1
and Improvements
85,900,000
&
Northern Ry. Co. (see that
company) cons, fcs, hereafter to be issued, to retire
(a) B. C. R. & N. Rf. first mortgage 5s of 190«
(b) Cedar Rapids Iowa Falls & N. st mort. 6s of 1921
Choctaw Oklahoma & Gulf RR. (see that Co.) consol.
5s, hereafter to be issued to retire fa,500,000 C. O.
& G. RR general mortgage 5s of 1919
Chicago Rock Island & Pac. Ry. gold 4s of 1902 (Choctaw
Burlington Cedar Rapids
1
Oklahoma & Gulf stock
collateral)
Six percent notes of 1905 of D. R. Francis
Scullin [$',25n,000 eaob], secured by bonds
St.
5,500,000
82,410,000
and John
and stock
L Kan. City * Colorado RR. V.7*. p. 76S, 342.)
Rock Island & Peoria Ry. Co. c< ns-ol. mort. 6s of lb25.
Choctaw Oklaha. & Gull RR. equip, trust certificates..
Of
6.500,000
1.906,000
(
.
.
4,500,000
450,000
2.360,000
equipment
27,475,000
Reserved to acquire property, permanent improvements,
betterments or equipment, as required
25,000,000
Of the general 4s of 1898, the remainder unissued are available as
follows $25,900,000 at not over $1,000,000 per annum for permanent Improvements and additions, Including equipment, and $12.500,000 to retire the 1st 6s of 1917. See Mortgage Abstract in V.
:
66, p. 522; V. 78, p. 228.
The collateral trust gold 4s of 1902 ($24,000,000 authorized) are
seoured by deposit of all the stock of the Choctaw Oklahoma & Gulf
RR. (see that company). V. 74, p. 775, 829, 936, 1356.
General FiNANCus.-In 1904 $12,5'1 0,000
p e. notes were sold,
seoured by $18,750,000 refunding 4s of 1904. V. 78, p. 1446, 2598.
Latest Earns —2 mos. I 1904
Gross, $6,930,813; net, $2,163,593
July 1 to Aug. 31.
Gross, 8,351,04.1; net, 2,996,243
J1903
Annual Report.— Report for the year ending June 30, 1904, showing operations of the Rock Island system, including auxiliary companies, was in V. 79, p. 1700, 1716; see also editorial Chronicle, Oct.
29, 1S04.
1902-03.
1903 04.
m
Gross earnings
...
Total income
Taxes
Interest and rentals
Dividends
7,205
$11,697,033
31,167.006
2,105,452
6,978
$11,490,544
30,917,281
1,968,795
144,^69,491
13,194,598
1,333,833
$44,376,620
16.317,455
1,671,487
$14,528,431
$l,437,578
L
7,062,655
(8%)5,985,060
$17,988 942
$1,319,300
7,096,731
4,680,766
Balanoe
$4,892,145
$43,138
Officers. - Chairman of Board, D. G. Reid; President, B. L. Winchell;
Chairman of Exec. Com.. Vice-Pres. and Gen. Counsel, Robt. Mather;
Sec. an d Treas George H Crosby. N. Y. office, 71 Broadway.-(V. 78,
p. 259 8; V. 79, p. 151,1022, 1461.
,
Paul Minneapolis &
Omaha Ry.— (See Map
Chi-
;
;
22
55
'
>
RR.—
further security
13,500.000
Reserved to be issued at not over $2, 500,000 yearly from
Jan. 1, 1904, for future improvements, betterments and
Net earnings
Other Income
St.
North Western.)— Road.— Mainline— Elroy, Wis., to Omaha, Neb.,
593 miles other lines, 1,083 m.; total, Jan. 1, 1904, 1,676 m., of which
1,607 are owned and 69 miles leased. V. 69, p. 1147. The Chippewa
Valley & Northwestern Ry., which was Incorporated to construct a line
from Rioe Lake, Wis., northeast about 100 miles, of which 36 miles
were operated in Jan., 1904. and the Eau Claire Chippewa Falls &
Northeastern Ry., of which 49 in. from Chippewa Falls, Wis., to Yellow
River, operated In Jan., 1904, were acquired in Oct., 1904.
History.—This was a consolidation July, 1880, of the Chloago 8t.
Paul & Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November, 1883, Chicago & North Western Ry. purchased control, viz., $9,320,000 common and $5,380,000 preferred.
Stock.—Authorized common, $21,403,293; preferred, $12,646,833,
Held by the company Deo. 31, 1903, common stook and scrip, $2,844,340 preferred stock and sorip, $1,386,921. Preferred stook has a prior
right to non-cumulative dividend of 7 per cent but common is never
to receive more than is paid on preferred.
Divb. since '90 ) '91 '92 '93 to '96 '97 '98 '99 '00 '01 '02 '03 1904
3*3
Common, p.o. > .. .. None.
8
6
6
7 per ann. (3*q F&A.)
Pref, p. c
) 4 6*2
Bonds.—There are $75,000 Minneapolis Eastern 1st m. guar. 7s
due Jan. 1, 1909; $1,500,000 Superior Short Line Ry. bonds are owned.
Chicago St. Paul & Minneapolis 1st 6s, due 1918, and North Wisconsin
1st 6s, due 1930, are exchangeable at option of holder at any time,
In
dollar for dollar, for consol. 6s of 1880, due 1930. V. 68. p. 521
1903, sold $2,000,000 3 Si p.o. consols. V.76, p. 653, 704; V. 77.P.2389.
Lands.—Sales 1903, 12,465 acres, $118,016; unsold, 194,936 acres.
Latest Earnings.— From Jan. 1 to Aug. 31 (8 months), gross,
$6,805,559 in 1904; $7,564,567 in 1903.
Report.—Year now ends June 30. Report for 1903, V. 78, p. 1443.
1901.
1902.
1903,
Tear ending Dec. 31—
Gross earnings
$12,055,271 $11,907,525 $11,196,101
7,014,270
7,483,253
Operat'g expenses and taxes. 7,726.662
$4,182,134
Net earnings
$4,328,609
$4,424,272
121,283
111,876
109,785
Net rentals paid
1,343,097
Net int.on debt (less other lno.) 1.455,600
1,394,059
Div. on pref. stock
(7)787,976
(7)787,976
(7)787,976
Div. on com. stock
(6)1,113,300
(5)927,750
(6)1,113,315
600.000
600,000
Appropriation for imp'ts
500,000
Surplus Of RR. Co
$413,526
$417,061
$350,435
Net rom land sales
$123,656
$110,906
$118 046
-(V. 76, p. 649, 653, 704; V. 77, p. 2389; V. 78, p. 1443.)
Property.— Consists of
Cblcago Terminal Transfer
passenger and freight terminals in city of Chicago, lines of railway leading thereto, and a belt line around the city. Company
owns 760 acres of land in and adjacent to the city, of which 50 acres
are in the centre of the business distriot; also includes 7,500 feet of
dock property on Chicago River. Nearly all land, including that upon
which tracks have been built, Is owned in fee. Track owned, M4 miles;
leases from Chicago Junction Ry., 10 miles; trackage, 7 miles; total,
101 miles: 2d track, 52 m.; sidings, 114 m.; total all tracks. 268 miles
History.—A reorganization In June, 1897, of Chicago & Northern
Pacific and Chic & Calumet Term., planV. 64, p. N88, 898.
_ In Sept.. 1904, a stockholders' protective committee (William W.
Heaton Chairman; Harry L. Falk, 39 Wall St., Secretary) was formed,
V. 79, p. 967, 1023.
Tenants.— Bait. & Ohio, Chicago Great Western. Chicago Hammond
& Western, Suburban RR. Co. of Chicago, Pete Marquette (the last
named since Dec, 1903). As to this and other important changes in
1903, including termination of St. Louis Peoria & Northern tenancy,
dt
1
82,025,000
Reserved to provide 75 p. 0. of purchase price of securities
of other companies hereafter acquired to be pledged as
Miles operated
Passenger earnings
Freight earnings
Mail, express, rentals, etc
Chicago
cago
see V. 77, p. 948, 2158; V. 79, p. 901.
Securities.— Stock— $13,000,000 common and $17,000,000 4 p. o.
non-cum. pref. Of the $16,500,000 1st 4s, $1,305,000 are reserved
assumed bonds. V. 79, p. 901.
Latest Earns.- 2 mos. ) 1904
Gross, $26«,996; net, $88,733
July 1 to Aug. 31.
Gross, 281,817; net, 118,755
51903
Report.— Report for year ending June 30, 1904, given in V. 79, p.
to retire
900, shows, gross, $1,570,765; net, after deducting taxes, $427,459;
Interest, $629,400
bal., del.. $201,941.
Pres. and Gen. Mgr., J. N. Faithorn, Chicago, 111.
See and Asst.
Treas.. W. T. Wisner 2d, 30 Broad St.. N. Y.
New directors Oct.,
1904, V. 79. p. 1641— (V. 79, p. 1641.)
Cblcago Union Transfer Ry.—V. 72, p. 872; V. 73, p. 1207.
Cblcago &. Western Indiana
Owns a valuable terminal
system of roads affording entranoe Into Chicago to the roads named
below. Its lines extend from Dearborn Station, Polk Street, Chioago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Cragin. 16 miles, and to South Chicago, 5 miles total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 23
miles; also owns
about 1,000 acres of real estate, passenger and freight yds., warehouses,
elevators, etc The Belt Ry. of Chicago leases and operates 82 miles of
the 236 miles owned by the Ch. & W. I., its securities being all held by
the companies leasing the Chioago & W. I.; see V. 60, p. 1058
Leases. This company's road and terminals are leased under perpetual contracts to the Wabash, the Grand Trunk Wet
the Chioago A
;
;
RR.—
;
-i
—
'
.
,
EAILWAY STOCKS AND BONDS.
1778
RAILROADS.
For explanation of column headings,
on first page of tables.
Miles
<fcc,
Date
Size, or
of
of
Par
—
C ENTR AL.
g.Ma.
125 1899
1,000
$2,000,000
1894
1899
1899
1902
1900
1901
1902
1903
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
5,500,000
3,525,000
335,000
5,411,000
50,000
580,000
1,320,000
See text.
1903
1,000
INTEREST OR DIVIDENDS.
Amount
see notes
[Vol. lxxix.
Rate per When Where Payable, and by
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Bonds—Principal, When
Due.
Stocks— Last
Dividend.
Chicago dt West Michigan See Pbrb Marq. RR.
Chicago Wisconsin dt Minnesota— See Wisconsin
Chihuahua
dt
Pacific - 1st M., $2,000,000,
Choi '.aw dt Memphis— See Choc. Okxah. & Gulf.
Choc. Oklah. dt Gulf RR.— Gen. (now 1st) M., gold.c*
Choc. & Mem. 1st M., $3,750,000, ass'd.GP...o*
L.Rock B'ge 1st M., ass'd, g., red. (text).-.GP.o*
ConsoL M. (see text), $30,000,000, gold.GP...o*
Car trusts, gold
o*
Ser. B, $70,000 s.a.to Aug. '06 then $75,OO0.GP
Ser. C., Apr., yearly, beginning 1903.GP
Oin. Bluffton dt Chic— 1st M.. $1,500,000. g
GP
Cin. Dayton dt Ironton—See Cin. Hah. & Dayton.
Cin. Find, dt Ft. TF.-lst M., g.. guar., end. red.N.o*
Oin. Ham. dt Dayton—Com. stock ($13,500,000)...
Pref. stock, A & B,-4 p.c. cum., guar, (call at par)
do
"Eagle" 4 p.c. cum., guar, (call at par)
Old preferred 5 per cent non-cum., $8,000,000...
Pref. stock, 5 p.c. "non participating"(see text)
Consol. mort. (now 1st) $&£, sink. fund...Us.o*
283
282
964
92
1,150,000
13,500,000
612,100
462,400
6,925,500
See text.
60 1875
1,000
2,595,000
Second mortgage, gold
o*
69 1887
1,000
2,000,000
General mortgage. $7,800,000, gold..
Me.o*
60 1892
1,000
3,000,000
Refunding mort., $25,000,000, gold.U»m...c*<fcr
1904 l.OOO&c 8,250,000
"95 1892
Oin. Dayton & Chicago, 1st mortgage
1,000
1,200,000
Cin. Day. & Iron., 1st M.,g.,gu. (assumed).. Ce.ff
164 1891
1,000
3,500,000
Dayton & Michigan, 1st mort., guar. p. <fei. end.c 142 1881
1,000
2,728.000
Oin. Ind. dt West— Ind. Dec. & < not guar..Ce
$1895 1,000
2,229,000
W. IstM. g., red. at 110.. \ guar. p. & i. (end.)o, | 264 (1895 1,000
933,000
C.I.&W.lst&ref.M.,$8,200,000g.,gu.,p.<fci.enNo.
361 1903
1,000
3,510,000
Oin. InUr-Terminal RR.— 1st pref. stock (see text) Text.
100
See text.
Cincinnati Lebanon dt Northern— 1st mortgage, c
38 1886
1,000
200,000
lstcon.M.$l,500,000g.gu.p.<fei.en.(V.75,n.l398)c*
52 1902
1,000
891,000
Oin.dl Mus. V.— 1st M.$2,000,000,g gu.p. I end. Fo*
148 1898
1,000
1.600.000
100
100
100
100
100
5g. M.
5
-
-
5 g. M.
Illinois,
the Chicago & Erie and the Chicago Indianapolis
&
6666666
Percent
$6y'rly. 7^
*6
* Also from accumulated surplus,
8% p. o. May 1, 1903.
Bonds.— The general mortgage bonds are drawn at 105 and
est in such annual amounts as will retire the debt by maturity.
6
4 in 1904
5 in 1903
&
&
&
&
&
A
4iflg.
5
4
4
5
5
5
5
4
4
5
4
4
inter-
RR.—
&
Oklahoma &
—
&
Anthony. Kan
Springs, Ark. to Malvern
137
40
Total July, 1903
1,076
STOCK.- Common stock, $9,827,500; pref., 5 p. c. cum., $6,000,000,
all owned by the Chlo. Rock island & Pacific Ry., which in 1904 leased
the road for 999 years from Mar 24, 1904, the rental covering interest
on bonds. Dividends paid to Deo. 31, 1903, see Sdpp. of Jan., 19o4.
See V. 74, p. 775 K and also p. 829,986, 1354; V. 78, p. 401.
Bonds.—The consol. mortgage of 1902 is for the authorized amount
of $1,000,000 on the coal properties and $15,000 per mile foreaoh
mile of railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and C. & M. 5s being reserved to retire
the same. Full data in V. 77, p. 23a6. Chic. R I & Pac. Ry. 4s of
1904 are reserved to take up consols of 1902 issuable to retire $5,500,000 general 5s and also car trusts. V.78, p. 234. Little Rock Bridge
6s are subjeot to call at 105 for sinking fund of $20,000 yearly. V. 71,
p. 602. Car trusts, see table above; V. 73, p. 1312, 1356; V. 74, p. 727.
Report.— Balance sheet, etc., In V. 77, p. 2336. Year end. June 30.
TearGross.
Net.
Other inc. Charges.
BaL.sur.
,
1902-03
$6,251,658 $2,120,951 $19,983 $1,101,659 $1,039,275
Report for 1900-01 in V. 74, p. 149, 203, 212.— (V. 78, p. 988, 2598.)
Cincinnati It In IK on A- Chicago RR.— Projected from Huntington to Union City, Ind., 70 miles, of which Bluffton to Portland,
29 miles, completed. In July, 1904, William 8. Fleming was appointed
receiver; liabilities were estimated at $300,000. mostly secured by
$750,000 bonds held as collateral. V. 79, p. 268, 626. Htock. $1,125,000, all of one class, Issuable at $15,000 per nolle; par of shares
$100 each. Bonds, see table above. Pres., S. H. Braoey; Sec, Charles
Blackburn; Treas., John Traise. Office. 616 Tribune Building. Chicago, I11.-(V. 78, p. 1167; V. 79, p. 268, 626.)
Cincinnati Flndlay Al Fort Wayne Ry.— (See Map of Cin'
Ham. & Dayton.)— Owns Flndlay, O., to Fort Wayne, Ind., 80 miles;
also connecting link with the Cin. Bam. & D. from Delphos to Cloverdale, 12 miles,
completed Oct. 15, 1904, V. 77, p. 88, 694. Leased
to Cincinnati Hamilton & Dayton for 99 years from Nov. 1. 1903, with
privilege of renewal for like periods forever. V.78, p. 286. Stock,
$1,250,000, all owned by the Cin. Ham. & Dayton, which guarantees
bonds, principal and Interest Mortgage Is limited by spei ial agreement to $1,150,000. or about $12,500 per mile. Bonds are subjeot to
call at 102 ^ and interest. V. 78, p. 286, 342, 701. Form of guaranty.
8
y
V.78, p. 701.-(V. 78, p. 2010.)
'
Portsmouth RR.—See Street Railway Sup.
Cincinnati Hamilton & Dayton Ry.— (See Map.)—Operates a
Cin. Georget.
&,
between Cincinnati and Toledo, Ohio, with branches,
Proprietary roads—
Miles.
Cincinnati to Dayton,
60 Cincinnati Ind. & Western ... j| 379
Dayton to Dean,
176 Cincinnati & Dayton
14
Dayton to Delphos,
98 Columbus Flndlav & Northern. 18
Trackage
13 Bowling Green RR
21
Roads leased—
Piqua & Troy Branoh
8
Dayton & Michigan
H142
Cinotn. Find. & Ft. Wayne.... 1J80
direct line
Road owned— (H See this Oo.)Miles.
Home Avenue RR
3
Totalofall
1015
Has piactlcal control of the Pere Marquette RR.; also owns bavton
& Union jointly with Clev. Oin. Ch. & St. L. and Jointly with Southern
Ry. controlsCln. New Orl.
Tex. Pac Ry. V. 75, p. 978.
Amalgamation -In July, 19t 4, a syndicate of New York, Boston, St.
<£>
Louis. Cincinnati and other capitalists acquired a controlling interest
in the C. H.
D., Pere Marquette and Chic, Oin. & Loulsv. in
&
g.
g.
g-
M.
do
&
gg.
& J.
&N.
& A.
Nov. 1, 1923
Deo.24,'03,2%
Sep., 1904,
1%
Aug.8.*04, I**
do
D. N.Y.,Blalr&Co.,26Bro'd
J.
New York.
O. N. Y. ,Kessler&Co54Wall
N.
do
do
N.Y., Kessler & Co.,Cin.
N. Y., Central Trust Co.
ggg.
1949
1,
Oct. 5, '04,1%
O. N.Y.,Kessler<fcCo54Wall
J.
1,
1919
Jan.
1949
July i: 1919
May l, 1952
Oct 1, 1905
To Aug., «,
1908
April, 1905-10
Sept. 1, 1933
Oct.
Oct.
1,
1905
Jan. 1, 1937
June
July
Apr.
1,
1,
May
1.
Jan.
Jan.
I:
do
do
Jan.
N.Y.Kessler&Co54Wall Jan.
1,
I,
194S
1954
1942
1941
1911
1935
1935
1953
1,
1,
1,
1916
1942
1948
Cinn., Cen.Tr.&S.D.Co.
Jan.
do
do
Nov.
N.Y., Farm. L. & Tr. Co. Aug.
1,
order to effect an amalgamation, or possibly a merger, of the three
properties. To provide a connection at Toledo between the C. H. <&
D. and Pere Marquette traffic rights and the use of terminal facilities
ln perpetuity over the Toledo Terminal &<Railway have been secured.
Official statement showing capitalization, mileage and earning power
of the entire system, see V. 79, p. 626, 680. See Bonds below.
History, Etc.— In July, 1895, consolidated with the Cin. Dayton
tion of the sinking fund, $9,584,000 are reserved to retire underlying bonds and $29,049,000 for future additions equal to at least
the par value of the bonds issued. V. 75, p. 732, 906.
Annual Report— Fiscal year ends Dec. 31. Report for 1903 was In
V. 78, p. 2439, showing gross income, $1,313,582; Interest, etc., $998,112; divs., $300,000; bal., sur.. $17,470.— (V. 78, p. 2383, 2439.)
Chihuahua Az Pacific
Completed Apr., 1900,froin Chihuahua, Mexico, to Minaca, 125 miles. Extension from Elcarpio Jet. to
Temosachic, Me*., 55 miles, was under construction in Oct, 1904.
See Kansas City Mex'co
Orient statement ttnd V. 71, p. 181. Stock is
$2,500,000; par of sbares,$100. Bonds, see table above.— (V. 79, p. 902.)
Choctaw
Gulf lilt,- (See Map of Rock Island )
Road (honed
Miles. Searcy, Ark. to Des Aro
25
Memphis, Tenn, via Sarre,
Leased
O.T., toTex. State line... 616 White & Black River Valley,
Haileyville, I. T.,to Ardmore. 116
Brinkley to .I'ksonport. Ark.
64
Shawnee, O. T., to Asher
25 Little R.
Hot 8pr. West.,
Geary, O. T., to Alva and
Benton to near Little Rock
23
Hot
do
do
do
~,-M.
-F.
7,6,5
Cincinnati.
May
& Ii onton and Cin. D. & Chicago under the name of Cin. Ham. & Dayton
Of the consoL 4s of 1902 (authorized issue $50,000,000) $6,582,000
has been sold on account of track elevation and other improvements,
$4,78*^,000 additional were used to refund bonds canceled by opera-
—
,
4 g. M.
See text. Text.
4 in 1904 Q.-J.
<fc
Louisville, each of which five companies owns $1,000,000 stock. They
are also leased to the Atchison, the Elgin Joliet & Eastern and the Belt
Railway. The annual rentals must always exceed bv at least 20 per
cent the Interest on the bonds outstanding. V. 78, p. 819.
Drvs.—
) '92-94. '95. '96. '97. '98 '99. '00. '01. '02. '03.
1904.
-
£
M.
£ g A.
£ g P.
5 g.
4^ g. A.
,
Eastern
g.
g
J.
J.
J.
& N. N. Y., Oft, 80 Br'dway.
& J. N.Y., First Nat. Bk.
& J.
do
do
& J. Philadelphia, Pa.
& N.
do
do
& O. Phila. Girard Trust Co.
& A.
do
do
& O.
do
do
& S. N. Y., Tit. Gu. & Tr. Co.
& N. N.Y., No. Am. Trust Co.
Railway.
V. 60, p. 1104; V. 61, p. 68.
p. o. pref. is entitled to share eqn»llv with the
common in dividends above 5 per cent. V. 69, p. 1300. The common
stock was increased by $5,500,000 (viz. to $13,500,000) In connection
with purchase of control of Pere Marquette.
In July, 1904, a one-year loan for about $7,700,000 was made under
an arrangement wlrh a syndicate for the purchase of the outstanding
preferred stcek and the issuauce of a new preferred stook limited to 5
per cent dividends, with no further rights of participation. In Oot.,
1904, about $5,000,000 of the $6,925,500 five per cent pref. stock had
been acquired at $110 per share, less $2 for expenses, and about $986,000 of the $1,074,500 four percent stook at par, less $1 for expenses.
V. 79, p. 733, 786, 902, 1461.
Dividends since consolidation—
Nov., 1895, to Aug., 1904
New pref erred, issued in 1895
5% yearly (Q-F)
On common 2 p. o. paid Deo. 24, 1903; none since to Oct., 19o4s
Bonds.— General mort. covers the perpetual lease of the Dayton &
Michigan, the profits under which are large. V. 54, p. 799; V. 55, p. 373.
Stock.—The old 5
The refunding 4s of 1904 ($25,000,000 authorized issue) coverall
<he road directly owned, the leases of the Dayton & Michigan and
Findlay Ft Wayne & We>tern, and are further secured by deposit of
$11,000,000 Pere Marquette common stock and $7,115,800 (entire
stook issued) of Cincinnati Indianapolis & Western RR.
Of the
bonds, $8,500,000 were issued in exchange for the Pere Marquette
common stock deposited, eto.,$l5,023,000 are reserved to retire,* for $,
the underlying bonds shown in the table above (none of which, except the Dayton & Michigan bonds, can be extended) and the remaining $1,477,000 are available for Improvements, extensions and equipment at not exceeding, at par, the cost thereof. V. 79, p. 212.
Guaranties.— Guarantees securities of Cin. Ind. & West., Dayton &
Mich, and Cin. Find.
Ft. Wayne; also $933,000 Ind. Deo. & West. 5s.
Report.— Fiscal year ends June 30. Report In Chronicle of Oot. 29
Tear end. June so—
1904.
1903
1902.
Miles operated
1,015
1,015
971
Gross earnings
$8,272,153 $8,124,021 $7,094,717
Net income
2,210,427
2,528,486
2,204,059
Deduot Interest on bonds
1,06^.608
1,055,571
1,041.466
Div. pref. stock D. AM. RR
96,900
96,900
96,900
Div. com. stook D.
M. RR
84,066
84,066
84.066
Div. com. stook Home Ave. RR.
5,000
4,000
3,268
Div. pref. stook C. H.
D.Ry..
389,237
389,228
389,225
Div. com. stock C. H.
D. Ry..
160,000
(2%)
Div. com. stock 0. I. & W. RR.
167,322
126,798
&
&
A
A
Total
Surplus
$1,811,134
$399,293
$1,916,564 $1,614,926
$611,922
$589,133
Officers.— President, Eugene Zimmerman; Vice- Pres., Russell Harding; Gen Mar., J. A Edson; Sec, R. B. Wilson; Treas., F. H. Short.
N. Y. office, 66 Broadway.
Directors.- Eugene Zimmerman, H. F. Shoemaker. Lawrence Maxwell, J. B.
Foraker and Rudolph Kleybolte, Cincinnati; Ohas. A. Otis Jr.. Cleveland; G. M.
Cummlng (Chairman), Alfred Skltt, Arthur Turnbull and James Phillips Jr.,
New
York; Thomas U. Tracy, Toledo: Alex. B Pierce. St. Louis.
Executive Committee.— Eugene Zimmerman, James N. Wallace, Arthur Turnbull, George M. Cummlng and Thomas H. Tracy.-( V. 79, p. 1481, 16*1.)
Indiana Western RR.—Merged in June, 1903,
& Louisville RR.— (V. 74, p. 1195; V. 76, p. 1247.)
Cincinnati Indianapolis A Western RR.— (See Map G.H.
&D.)- Hamilton, O., to Springfield, 11., 296 miles; Stdell. 111., to West
Cincinnati
Ac
In Chicago Clnolnnatl
•
78 miles; traokage. West Liberty to Olney, 8 miles; total, 382
the Cincinnati Hamilton &
Indianapolis Ry., Indiana Decatur <fe Western Ry. and Springfield 8a
Decatur RR. V. 75, p. 239, 289. 497, 732. Stook auth,. $8,200,000;
Issued, $7,115,800; all owned by C. H. & D whloh reoeived dividends
thereon in 1902-3, $126,798; in 1903-4, $167,322.
Bonds.—The "first and refunding" 4s of 1902 ($8,200,000 authorized issue) are guaranteed, principal and interest, by C. H. & D. by
endorsement on each; $4,722,000 were issued in exchange for existing bonds, of whioh $1,212,000 in the Cin. Hamil. <fo Dayton treasury;
Liberty.
miles.
A consolidation In Sept., 1902, of
,
$3,478,000 are reserved to retire Ind. Deo. & West. 5s. V. 75, p. 1201,
1353; V. 77, p. 1290; form of guaranty, V. 78, p. 2011.
The I. D. <fe W. bonds are redeemable by lot at 110 at anv time on
eight weeks* notloe; $933,000 are guaranteed by Cin. Ham, & Dayton.
Car trusts June 30. 1904, $65,000 5 or cents, maturing in series to
Aug., 1905. inclusive, and $192,000 4 p. c. equipment notes, due
yearly to 1911, inclusive, Interest M.&N.
Earnings.— Year ending June 30, 1904, gross, $2,163,198; 'net,
$520,169; taxes, $82,869; int. on bonds, $269,b78.-(V. 78, p. 2011.)
Cincinnati Inter-Terminal RR. -Owns "a'road connecting
freight and passenger depots and stations of the various steam roads
entering the city of Cincinnati. Controlled by Chesapeake & Ohio Ry.
Common stock, $10,000, In $100 shares, Issued for purpose of control.
i
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1779
RAILWAY STOCKS AND BONDS
1780
RAILROADS.
Miles
Date
Size, or
$100
100
Equipment bonds, due about $85,000 semi-ann.
Cincinnati Northern— 1st M., $3,000,000, g.G.C&r
Oin. Richmond dt Ft. W.— 1st mort., gold, int. gu.o*
Clear field <6 Mahoning— Stock, 6 per cent rental..
1st mortgage, gold, guar. B. R.
G.o*<fer
Clevel'd Akron dt Oolumb.— 8tock, $1,000,000
AP
Gen. mortgage (now
g
1st,)
1st consol. M., $4,000,000,
gold sinking fund
J
(
guar., p.
<fe
i..
end.
not guaranteed
Cleveland Cincinnati Chicago & St. Louis —
,
86
1904
1901
1871
26
1893
...
50
1,000
100
1887 500 &0.
1900
1,000
1900
1,000
.
177
138
Common
£
stock ($28,700,000 authorized)
Preferred stock, 5 per cent, non-cumulative
O. I. St. L. & C. con. M.. drawn at 105, s.f. 1 p. o.C
175
Gen. IstM.. $10,000,000 g.,s.f. not dr'n.Ce.c<fer
Cleve. Col. Cin. & Ind. Consol. mort. (see text) .
391
Gen. oonsol. mort. ($12,000,000) gold..Us.o*<ftr 391
Indian A St. L. 1st M., in 3 ser. of $667,000. Us.
72
2d M. ($2,000,000), gold, Indianap. to Terre
72
o
Cl.Cin.Ch. ASt.L., White Wat. Val. Div, 1st, g.Ce.C
62
8pr. A Col. Div. (Col. Sp. ACin.), 1st M., g.Ce.o*
45
Cairo Division 1st M., $5,000,000, gold ..Ce.o* 267
St. L. Div., coll. tr.,g. ($351,000 in s. f.)Ce.c&r
194
Cin. Wab. & Mich. Div. 1st mort., gold. lli.c
203
Gen. mort. 100 year for $50,000,000 g.Me.c&r 1,021
Obligations for Proprietary Lines.
Cincinnati Sandusky & Cleveland—Pref. stock. ..
Consol. (now 1st) M. ($3,000,000) gold... AB.o 170
Cent'l Indiana, 1st M., $4,000 000, g guar.Ce..
125
Ch.I.& St.L.8.L., IstM., $3,000,000 g.gu.Ce.c\fcr
45
Springf. Union Depot, 1st M., $300,000, gu&r....
....
Louisv. A Jeflersonv. Bridge 1st M.— See that Co
.
H
.
1,000
1,000
1,000
.
1888
1903
1903
1903
Cross.
$74fi,f28
Net.
RR.— (V. 70, p. 1194.)
KK,- (See map of Pittsburg
Valley
Interest.
Dividends.
Balance.
$170,773 $64,000 (2?-,) $40,000
$66,773
123,374
60,000 (2%) 40,000
23,374
574,032
110,141
60,000 (2%) 40,000
10,141
in addition to above in 1903 were $48,335 for additionslnipioxeniems. etc. (againt-t $33,287 in 1902), and $19,729 on account
of oar trusts and other interest.— (V. 78, p. 1961; V.79,p. 149.)
Cincinnati New Orleans & Texas Pacific Ry.— (See Map of
Southern Ry.)— Operates Cincinnati Southern Ry., owned by oity of
Cincinnati, Cincinnati to Chattanooga, Tenn, 336 m.; trackage, 2 m.
In Jan., 1903, the entire stock of the Harriman & Northeastern Ry.,
2 2 miles, was acquired, but road is operated separately. V. 77, p. 1743.
In 1901 lease was extended 60 years to Oct. 12, 1966; rental until
Oct. 12, 1900, was modified beginning July 12, 1902, to $1,050,000
yearly, the remaining $50,000 per quarter to be deferred as it acorues
and to be paid quarterly at rate of $40,000 yearly, with interest on
deferred payments at 3 per cent; rental under renewal to be $1,050,000 yearly for first 20 years, then $1,100,000 for 20 years, thereafter
$1,200,000. V. 73, p. 722; V. 74, p. 1251.
Pref. stock, 5 p. o. cum.,
with no voting power, but prior rights on dissolution. V. 74, p. 528. 829.
Dividend.- On pref.. 1*4 p. c.paid quarterly Sept. 1, 1902, to Sept.,
1901, both inclusive. On common. 2 p c, paid Deo. t, 1903, out of accumulated earnings to June, 1903: Sept. 1, 1901, 2 p. c. V. 79 p, 626.
Car trusts June 30, 1904. $41,435. In Mar., 1904, $1,200,000 equip
ment bonds were if sued. V. 78, p. 1391.
8TOCK.— Common, $3,000,000, controlled in Interest of Southern Ry.
and Cincinnati Hamilton A Dayton Ry. V. 61, p. 26; V. 65, p. 1173.
Latest Earns.— 2 mos., < 1904
Gross, $1,183 567; net, $291,310
July 1 to Aug. 31.
(1903
Gross, 1,177,516; net, 265,089
Annual Report.— Report for 1902 03 was in V. 77, p. 1743. In
1903 4, gross, $6,76^,744; net, $1,597,421 (against $1,506,015 in
1902-<3); other income $33,251; rentals, $1,166,931; improvements,
etc., $89,417; dividend on pref. (5 p. c), $100,000; balance, surplus,
$274,324.-(V. 79, p. 626)
Cincinnati Northern lilt.— (See Map Cleveland Oin. Chicago dt
St. L..)— OwnsFranklin, O., to Jackson, Mich., 208 miles; trackage (O.
O. C. A8t. L.), Franklin to Cincinnati, 38 m.; at Jackson, I m
Successor in June. 1897, of Cincinnati Jackson A Mackinaw, fore645,2.">6
closed -V. 65. p. 621; V. 72, p. 338, 1034, 1135; V. 73, p. 31. The holdings of Clev. Cin. Ch. A St. L. are valued In balance sheet of June 30,
1904, at $1,105,387. V 75, p. 454, 457. Stock, $3,000,000 In year
ending June 30. 1904, gross, $737,142; def. under oper. exp $43,«34
Prest., M. E. Ingalls. See report, V. 70, p. 581.— (V. 74, p. 326, 378.).
Cincinnati Richmond
Fort
nc
Owns from Richmond, Ind., to Adams, Ind., 86 miles; leases 5 miles of P. F. W. AC.
Now operated (luly, 1904), by Grand Rapids A Indiana Ry.
Rental, net earnings.
Interest is guaranteed by the Pennsylvania Co.
and Pittsburg Cin. Chicago A St. L. Co. jointly (the P. C. O. A St. L.
taking the place of the Cin. Hamilton A Dayton in 1888). Stock, $1,709,313— par, $50, of which Penn. Co. Jan. 1. 1904. owned
$1,256,900. Due guarantors Jan. 1, 1904. $1,427,731. For 6 mos
endiDg June 30, 1904, gross, $280,639, against $236,029 in 1903; net,
$23,752, against t22,21P.
,
A
Way
RR.—
J.
M.
J.
M.
J.
J.
M.
! g A,
4 g.
;
Tr.end. Dec.31.
M.
M.
g.
P.
A
A
I
J.
Various
1,500,000
3,000,000
Cincinnati Chicago dt St. Louis.)—Owns Morrow, Ohio, to Trinway, O.,
148 miles; half interest Zanesville Terminal RR., 5 miles, V. 77, p. 86.
Successor on Aug. 1, 1898, to the Cincinnati A Muskingum Val. Ry.,
foreclosed June 29, 1898, and purchased in the interest of Penn. RR.
V. 67, p. 27. Of the bonds $400,000 are reserved for future needs;
sinking fund retires yearly one per cent of those outstanding, if off erred at par or less. The Pennsj lvania Company guarantees the
bonds, principal and interest, fc-ee form of gu ranty, V. 76, p, 653.
Stock, $2,000,000; par $100
all issued.
Dividends: 2 p. o., June 25,
J900; Dec. 31, 4 p. c; 1901 to 1903, both incl., 2 p. c. yearly. Pennsylvania RR. owns $1,318. 000 of $1,600,000 bonds. V. 55, p. 1078.
Car trusts, $224.0.. 3^8, payable $22,400 yearly to June, 1912.
Earnings.— Fiscal year ends Deo. 31. For 6 mos. ending June 30,
1904, gross, $307,439, against $339,616 in 1903; net $26,011, against
66,486. Report for 1903, V. 78, p. 149.
1903
19"2
1901
Payments
j.
1.000
p. 8tt.)
Licking River
j;
1,000
Dodds, 38 miles, Including 6 miles from Lebanon to Dodds, leased to
the Dayton Leb. & Cin RR; Middletown Jet. to Middletown, 0, 14
miles (former Mid. A Cin. RR., taken over Jan. 1, 1903); total. 52
miles. Controlled by Penn. RR. interests. Stock authorized, $1,500,000: outstanding, $993 000. V. 75, p. 980. Of the $1,500,000 first
consol. 4s of 1902, guaranteed prinoipal and interest by the Pennsylvania Company, $200,000 are reserved to retire the 5s due 1916 and
$400,000 to purchase real estate. V. 77, p. 86. For 6 mos ending June
30, 1904, gross, $117,343, against $142,064 in 1903; net. $22,435,
aeainft $39,245. Report for 1902, V. 77 p 86. Year ending Deo.
31, 1903, gross, $278,225; net, $79,715; charges, $74,952.- (V. 77,
&
Q
6
5
Northern Ry.- Owns Cincinnati, O., to
A Muskingum
A S.
Q .— I.
M. A N.
M.
428,997
2,571,000
There will be issued about $800,000 of 1st pref. 4% stock, secured
to the Union Savings Bank & Trust Co. of iticinnati, as
trustee, on land and 1,226 feet of track. The rental for the latter under lease to the Chesapeake A Ohio, Louisville & Nathville and Cincinnati Hamilton & Dayton covers the interest on the stock
V. 79.
p. 212. President, Geo. W. Stevens— (V. 77, p. 450, 510; V. 79, p. 212.)
Cincinnati
Cincinnati
-
-
by mortgage
A
S*
27,997,700 4 in 1904
10,000,000 5 in 1904
1880
1,000
661,000
6
1886 l.OOOAe
7,558,000
4g.
1874
1,000
4,138,000 7 or 6 g
1884
1,000
3,205,000
g
1869
1,000
2,000,000
7
1882
1,000
500,000
6
1890
1,000
650,000
4
1890 500 Ac.
1,103,730
4
1890
1,000
5,000.000
4
1890 l.OOOAc 10,000,000
4
1891
1,000
4,000,000
4
1893
1,000
19,749,000
4
,
Cincinnati Lebanon
$3,000,000 See text. Text.
2,000,000 5 in 1904 Q.-M.
1.115,000
5
M. A S
1,000,000
4
J A J
1,800,000
J. A D
750.000
J. A J
650.000
5 g. J. A
4,000,000 2 in 1904 M. A
1,800,000
g M. &
? K- F. &
1,023,000
4
723,000
4g. F. <fe
100
100
50
hoi wf8— Prlnoi
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
Whom.
Cent.
Payable
Amount
Par
of
Wot explanation of column headings, &o., see notes of
on first page of tables.
Road. Bonds Value. Outstanding
Cin. X. O. <£ Tex. Pac. Jc.-Com. stock. $3,000,000
Pref. Stock, 5 per cent, oum., $3,000,000
[Vol. lxxix.
.1.
-
A
A
A
A
A
A
A
A
A
A
A
N.
J.
8.
J.
N.
J.
D.
N.
J.
pal, When
Due
Stocks— Last
Dividend.
Sept. 1,'04,
Cincinnati,
do
2%
Sept.l,*04,li4
New York, Blair & Co. Mr.'05-Mar.'ll
N. Y., Guaranty Tr. Co. July 1, 1951
N. Y., Winslow, L. A Co. June 1, 1921
Checks mailed.
July 1,
N. Y.. 36 Wall Street.
Jan 1,
Checks maile I.
Sept. 24,
Hamilton Tr., B'klyn. Mch. 1,
N. Y., Winslow, L.A Co. Auk. 1,
do
Aug.
do
N.Y..J. P.
Morgan A Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N.
New
O.
'04,
1927
1940
1940
Sept. 1, '04, 2%
Oct. 20,'04,m
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1,
1904
1943
May
1,
1,
June 1,
Jan. 1,
July 1,
Nov. 1,
July 1,
Sept. 1,
Jan. 1,
Nov. 1,
July 1,
Aug.
Jane
Nov.
1,
1920
1936
1914
1934
1919
1918
1940
1940
1939
1990
1991
1993
1, '04,
3%
Jan. 1, 1928
Nov.
Apr.
York.
1,
1,
1953
1953
(?)
Tear end. Dec.31.
1903
1902
Cin. Rich.
ricar field
Cross.
Interest.dtc.
JVef.
$70,378
$604,342
124,166
594,515
HI uncle.— See Chlo. Cin.
126,000
126,000
Balance.
def.$55,622
def.
1,834
A Louisv. RR.
A
A Ma ho niiisRy. —( See Map Buf. Roch. Pitts. ;— Owns
dt
road, completed in 1893, from Du Bois Juno, Penn., on Buff. R. A P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester A Pittsburg—
which see— at a rental payable in gold and equal to 6 per cent on
f 750,000 stock, par $50, and 5 per cent on bonds, the latter being guar,
p. & i., by indorsement on eaoh.— (V. 61, p. 710.)
Cleveland Akron
A Columbus Railway.— Owns from
Hud-
son, O., to Columbus, O., 144 miles; Dresden branch, Kilbuok to Trinway, 33 miles; Apple Creek branch, 9 miles; coal spurs, 11 miles; total
owned, 197 miles; trackage Trinway to Zanesville, 17 miles. Owns a
fourth interest in Akron
Barberton Belt RR., 24 miles. V. 76, p. 435.
Penn. Co. took control June 1, 1899, purchasing $2,237,500 of the
$4,000,000 stook (par $100). Dividends. 2 p. c. yearly, paid Sept.,
1901, to Sept , 1904 (M.-S.). Of the 1st consol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, trustee), $1,023,000 are guaranteed principal and interest by the Pennsylvania Company, $1,800,000 are reserved to retire the general 5s due 1927; V. 71, p.
390; V. 76, p. 653; V. 77, p. 1746. 2280. For 6 mos. ending June 30.
1904, gross, $749,206, against $776,043 in 1903; net, $82,165, against
$229,280. Report for 1903 in V. 78, p. 2595, showed gross. $1,629,297; net, $372,796: other income, $6,506; interest on bonds. $160,380;
div. (2 p. c.) $80,000; bal., sur., $138,922.-(V. 76. p. 1746, 2280; V.
78, p 2383,2595.)
Cleveland Cincinnati Chicago
St. Louis Ry.— (See Map.)—
A
A
Road.— Radiates
from
Indianapolis, Ind., westerly to Chicago,
Peoria, Cairo, 111., St. Louis, easterly to Sandusky, Cleveland.Columbus and Cincinnati, O., and southerly to Louisville.
Miles.
Uiles.
Leased ana controlled.
Owned directly—
Cleveland, O. to Columbus, O . 138 Cincinnati A Springfield Ry.—
Lud.G've(6m.fr.Cln.)toDay'n 48
Gallon, O., to Indianapolis
203
Delaware to Springfield
50
a No debt, or bonds all owned.
Colum. Hope AGreensb'g RR.— 26
175
Cincinnati to Lafayette
Trackage into Cincinnati, Ao. 32
Indianapolis to Terre Haute
72
Harrison Branoh
7 Trackage into Jeffersonville.
53
B.
Leased entire st'k owned
O. 8. W.
:\
Cincln. Lafayette A Chic. Ry.— 57
Total included in earns... 1,891
Cairo Vinoennes A Chlo. Ry.—
Operated; earns, kept separate
Cairo, 111., to Tllton A branoh.267 Peoria A East'n Ry. (IT).—
352
St. Lou. Div. T. H. to E. St. L.193 Kankakee A Seneca RR.—
42
Columbus Springfield A Cin.—
Mt. Gilead Short Line
2
Columbus, O., to Springfield.. 45
Total of system June 30,'04.2,287
fVhite Water— Harrison, Ind., to
62 Traokage 111. Cent, into Chic. >
Hagerstown, Ind
On percentage basis
$
Cin. Wabash A Michigan Ry.—
Operates independently—
Benton Harb. to Rushv. A Br.249
.
,
—
—
A
—
44 Dayton A Un. RR. (fl)
142
Double track
Sand'sky, O., to Dayt'n, O.eto.170
fl See this company.
A 45-mile cut-off between Hillsboro, 111., and Mitchell, near St. Louis,
under the charter of the Chicago Indianapolis A St. Louis Short Line
was completed in Sept., 1904. See General Financfs below. V. 75,
In Sept 1904, a trackage
p. 1086; V. 77, p. 517; V. 79, p. 785, 1331.
arrangement was made with Hocking Valley Ry. for use of latter's
tracks between Toledo and Corev, fO m les, affording through line between Toledo and Cincinnati. V. 79, p. 1023. As to Central Indiana,
137 miles, see that Co.
History, Etc.— A consolidation of the Cincinnati Indianapolis 8t.
Louis A Chicago Railway Company, the Cleveland Columbus Cincinnati A Indianapolis Railway Company and the Indianapolis A St. Louis
Railway Company, made in July, 1889, per plan in V. 48, p. 427. Of
the oommon stock, $11,225,400 was on Jan. 1, 1904, owned by the
Lake Shore A Mich. So. Ry., this amount, together with the private
holdings in both stocks by the Vanderbilt family, being, it Is under-
Other lines
Cincin.
(a)
Sandusky A Cleve. Ry.—
,
stood, a majorityof the entire share oapital. V. 72, p. 86.
The oompany Is also one-fourth owner of Peoria A Pekln Union Ry.,
(through the Peoria A East. Ry.), one-seventh owner In Terminal RR.
Ass'n of St Louis and two-fifths owner of Indianapolis Union Ry. and
part owner of Dayton A Union and Cincinnati Northern, which are
operated independently.
Capital Stock.— On Jan. 1, 1890, the oommon stook was $20,500,000; it has been inoreased to acquire stocks of line* absorbed, etc
1904
Drv'DS.-'91 '92 '93 '94 '95 *96 '97 '98 '99 '00 '01 '02 '03
4
3»« 4
4
Com...)
5
.*
P
5
5
5
5 5 2>a 5 5 5 5
Pref... 5 5
Bonds.—The sinking fund provision of the Cleveland Columbus Cincinnati <6 Indianapolis consol. bonds (stamped) has been oanoeled. The
prinoipal of these bonds is payable in gold, but the interest is payable
at option of holder either In lawful money at 7 per cent per annum or
in British sterling at 6 p. o. Of the Indianapolis dt St. Louis first 7s
33300 00003
"A" are J. A J.; series "B," M. A 8.; series "C," M.A N.
Louis Division bonds, see deed of trust V. 52, p. 42-45.
As to the Cincinnati Wabash dt Mich. 4 per oents, see V. 52, p. 718.
The 100 year mortgage of 1893 is limited to $50,000,000. In Aug.,
1904, $22,503,000 general 4s were reserved for prior liens (exoluslve
of Cairo division, Peoria division, Miohigan division and the St. Louis
series
St.
Oct., 1904.J
RAILWAY STOCKS AND BONDS.
i;8i
RAILWAY STOCKS AND BONDS.
1782
RAILROADS.
Miles
Date
Size,
or
Amount
Par
of
For explanation of column headings, &c, see notes of
Road. Bonds Value. Outstanding
on first page of tables.
Cleve.
Oolumb. Cin.
dt
Tndianap.
— ileve. Indianap.
Cleveland Lorain dt Wheel.— Pref stock $5,000,000.
Consol. mort. (now 1 st) g. See text V r»m
c*
General mortgage, $1,000,000, gold, red. 105. N..
Con.ref. M., $10,000,000, g., red. at 102 1 a.Col.o*
Clev. dt M. V.— Con. M. (now 1st) $3,000,000,g. Ce.o&r
Clev. <e Mar.— 1st M., a. L, not dr'n, gold, gnar.F.o*
Oleve. dt Pittsb.—8took, 7 p. o. guar, by Penn. RR.Co
Special betterment stock, $10,738,135, guar. 4%
.
.
St. L. dtOhic.
—See C LEV.
$100
1893
1,000
1896
1,000
1900
1,000
1888 l,000&c
1895
1,000
30
50
1,000
202 1892
98'00 1,000
202
202 1892
1,000
192
192
192
125
103
Gen. M., $10,000,000,F, gold \ ggjg o & d" " c*
Guar. p. & i. (end.) Pa. RRCleveland Terminal <£ Valley— See Balt. & Ohio.
200 1900
1,000
Ooahuila dt PaHfie-lst M., gold, $2,500,000
o
1.000
1903
Coal d Ooke— IstM ,$10,000,000, gold
13 1868 100 &C.
Oolebrookdale— lstM.,$593,400,und.Read.M.of'96c
1,000
Colorado Midlands-lot mort., $10,000.000. Ce...C* 259 1897
1,000
26 1904
Color. <« Northwestern— 1st M. ,$1,000,000, g.Us..
100
Colorado dt Southern- Common stock, $31,000,000
100
let pref., 4 per cent, non-oum., $8,500,000
100
1882
2d pref., 4 per cent, non-cum., $8,500,000
1,000
o 1,063 1899
1st mortgage, gold, $20.000,000. Ce
00-'03
Car trust notes Nov. 1, '04, due monthly, red par
1904
Coll. ir eq notes, $2,000,000. due qr.. red. par..
1,000
75 1900
Col. Sp.dtCr. Cr.D. Ry.— IstM. $2,000,000,g.s f.Ce
1.000
75 1901
2d mortgage, $1,000,000, gold, sinking fund
1902
1,000
1st consol. mortgage, $3,600,000, gold.Mo.cAr.
1,000
Colorado dt Wyoming Ry.— 1st M., $7,500,000, gMe 171 1903
1,000
75 1887
Col. Newb. dt Laurens-lst M., $12,000 p. m.SBa
1,000
70 1898
Columbia Southern—1st M., gold, $2,100,000. N...
Columbia dt Greenville— See Southern Rt
1902
1,000
Columb. dtL. Mu h.— IstM., g $20,000 p. m.lVo.*c
x Series "A" .1. A. J: "B" A. <fe O.:
y "C" M. & N.; 'D" F. & A.
ffi^.^ed.
,
division west of Terre Haute), and $7,748,000 for equipment, construction and betterments, etc, $1,000,000 yearly. See V. 78, p. 1446;
V. 79, p. 733.
General Finances.— Guarantees interest on Louisville & Jeffersonvllle Bridge bonds jointly with the Ches. <fe O. V. 68, p. 822. On June
30, 1904, owned stock in Chesapeake <fe Ohio representing an outlay of
$2,453,569, Cincinnati Northern RR. securities costing $1,105,387
and! an interest in the Central Indiana Ry.. costing $338,408. V. 71,
V. 77, p. 517; V. 79. p. 912.
p. 398 V. 75, p 455
The stockholders voted on Oct. 28, 1903, to guarantee $3,000,000
Chicago Indianapolis & St. Louis Short Line Ry., $2,000,00j Central
Indiana Ry. and $300,000 Springfield Union Depot Co. bonds. V. 77,
p. 510, 517, 769, 1363, 22e0; V. 78, p. 1906, 1961.
Latest Earnings.—From July 1 to Aug. 31—
Bal sur.
Int., die.
Gross.
Net.
2 mo*.—
;
;
,
$608,773
$1,226,7P3
$618,020
508,097
607,108
1,115,205
1903
Annual Report.— Annual meeting last Wednesday in OotoberReport for 1903-04 in V. 79, p. 899, 911. See also editorial, p. 873.
1901.
1902.
1903.
1904.
Tear end. June 30—
1,891
1,891
1.891
1,891
Miles operat. June 30
$6,378,877 *5,778,490 $5,487,506 $4,979,652
Passenger earns
13,053.864 13,234,298 11,920,097 11,640,003
Freight
1,257,835
1,309,469
1,377,973
1,637,213
Mail, express, etc...
1904
$?,890,182
3,881,550
Total earnings.. $21,06?,9.«4 $20,390,761 $18,717,072 $17,877,490
Oper'g exp. & taxes. 16,730,225 15,669,431 13,744,920 12,755,638
$4,339,729
Net earnings...
Total net income
Interest on bonds.
Rentals, etc
$4,721,330
$4,972,152
$5,121,852
$4.5ob>79 $4,874,041 $5,050,512 $5,249,506
2,698,69* $2,68:^.385 $2,619,520 $2,685,056
231.907
180.131
160,678
163,527
(5)500,000
(5)499,925 (5)499 925 (5)499,944
Dividends on pref..
Dividend on coin.. .(4)i,119,612(4)l,119;612(4jl,119,572 (318)979,626
567,852
311,261
600,371
Freight cars, etc..
sur.$19,920 sur. $99,180 sur.$30,974 sur.$285,065
Vice-President,
E. Ingalls, Cincinnati, O
J. D. Layng, New York; Seoretary, E. F. Osborn, Cincinnati, O.; Treasurer, Chas. F. Cox, New York; Auditor. P. A. Hewitt, Cincinnati. O.
Directors— wr.llam K. VaDderblit, Fred'k W.Vanderbllt CbaunceyM. Denew,
J. Pierpont Morgan, H. McK. Twombiv, James D. Laycg, William II. Newman, Walter P. Hliss, of ^ewYork; Alexander MoDonald and Melville K. Ingalls, Cincinnati: James Bamett. Cleveland O.
—(V. 79, p. 101, 733, 786, 899, 911, 967, 1023, 1331 )
Wheeling Ry.— (See Map B. dt O.)— Owns
Cleveland Lorain
from Lorain, O., to Bridgeport, O., opposite Wheeling, W. Va., 158 miles;
Lester to Cleveland, 28 miles, and branch to Bell aire, O., 6 miles;
total, 192 miles, and has trackage into Wheeling.
History.—Operated by the Bait. & Ohio, whloh owns about 75 per
cent of the stook. See that oompany and V. 72, p. 480; V. 73, p. 236.
Stock.—Common, $8,000,000, and pref. non-oum., 5 p.c, $5,000,000,
par $100. After 5 p.o.on each, both stocks share alike.—V. 60, p. 1058.
Dividends.— On preferred in 1896, 3 p. c; none since.
Bonds.— Of the $10,000,000 oonsol. refunding gold 4^8, $5,000,000
are reserved to retire first 5s, $1,000,000 for general 5s due June 1,
1936, remainder for Improvements, etc V. 70. p. 230, 480. About $1,000,000 oonsol. 5s of 1893 are stamped subject to call at 110. On July 1,
1902, real estate morts., $100,000.
Report.— Report for year ending June 30, 1902, was in V. 73, p. 208.
In 1902 03, gross. $3,159,024; net, $1,128,416; other income, $3,477;
charges, $435,354; balance, $696,539.- (V. 77, p. 1294.)
ITlahonlng Valley Ry.—Owns from Cleveland'
Cleveland
O., to Sharon, Pa., 81 miles [57 double traok]; Niles, O, to New Lisbon'
O., and branches, 44 miles. Leased to Nypano RR. (formerly N. Y.,
Penn. & Ohio) till 1962 rental $525,967 per annum. Coupon interest
Is J. & J., registered interest, Q.-J. Stook is $3,259,200, of which
2,758,250 is held by "Atlantio First Leased Lines Rental Trust Co.,
f imited," of London. Dividends in 1897, 13% p. c; 1898 to 1903,
both inclusive, 13^ p. c yearly.— (V. 63, p. 968.)
Cleveland &. Marietta Ry.— Owns from Marietta, O., to Canal
Dover, 103 miles, and branch 7 miles, Zoar, O, to Canal Dover, leased.
Pennsylvania Co. obtained oontrol in Nov., 1893, having purchased
about two-thirds of the stock, and took charge Jan. 1, 1900, the net
revenue over operating expenses, taxes and interest on bonds being
returned to the company. Stock, $2,000,000— par $100. V. 69, p. 1345.
Balance
Officers— President, M.
;
&
&
;
Bonds.— Guaranteed prln. and int. by Penn. Co. Sink, fund 1 p. c
Earnings— Report for 1902 in V. 77, p, 87. In 1903, gross, $783,708;
net *1 64,938; other income, $801; int. on bonds, eto ,$14*, 233; bal.,
In 1902 gross, $696,051; net, $133,417.— (V. 77, p. 87.)
sur., $23,506.
(See Map Pennsylvania Railroad.
PlU*burs
Cleveland
Cleveland, O.,to Rochester, Pa., 124 miles; branches— Bayard, O,to New
Yellow Creek to Bellaire,43 m.; other,3m.; trackPhiladelphia, 31
age, Roch -ster to Pittsburg (Pltteb. Ft. W.& Chic), 26 m.; total, 227 m.
Lease— Leased for999years, Dec 1, 1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p.c on $11,226,300 stock
interest on bonds and organization expenses. The stockholders voted
on May 19, 1904, to authorize $10,738,135 "special guaranteed betterment stook" (subordinate to the present outstanding stock as to
RR.—
&
m
;
ClN.
CH
[
Vol. lxxl* [
HonUs-PtmolINTEREST OR DIVIDENDS.
pal.WhenDue.
Rate Per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
ic.
$5,000,000
5,000,000
893,000
950,000
2,935,000
1,250,000
11,261,865
See text.
4,561,000
4,933,000
439,000
&
Louis.
St,
New York, 2 Wall St. Oct., '96, 1%
& O.
do
Oct. 1, 1933
& D.
do
June 1, 1936
& J.
do
Jan. 1, 1930
See text N.Y.,Wlnslow,Lan.&Co. Jan. 1, 1938
M. & N. N. Y..Farm. L. & T. Co. May 1, 1935
A.
5 g- J.
4H>g. J.
5
g.
41$
g.
Q.-M. N.Y. Winsiow.Lan. &Co.
Q.-M.
do
do
7
4
X
y
& O.
&A
& O
& D.
& J.
& J.
& O
4iflg.
3*2
g
3iag A.
2,500,000
5g.
4,298,000
g
600,000
i
9,151,000
4 g600,000
5g.
31,000,000
8,500,000 See text,
8,500,000
19,103,000
?61,522
1,395,000
5
1,896,000
5g.
244,000
1,285,000
5 g.
4,500,000
4 g.
899,000
3g.
700,000
5 g.
-
800.000
F.
A.
J.
J.
J.
A.
&
&
&
&
&
&
&
J.
A.
M.
J.
J.
do
do
do
Jan.-Oot.-'42
1948-1950
1, 1942
Oct.
Aug.'02, not pd.wh. due
Elkins, W. Va., or Bait.
Phila.,Read. Co. Office.
N. Y., Central Trust.
1st coup, due July, '05
N. Y., Hallgarten
F."& A. N.
M.
5
do
do
do
Sept. 1, '04,1%
& Co.
Feb.
Apr.
June
July
July
Apr.
1,
1,
1,
1,
1,
1930
1919
1898
1947
1954
1, '04,
2%
1929
To May, 1908
To Dec, 1915
J. N.Y., rh. Bk. & Col. Sp. Jan. 1, 1930
O. Int.Tr.Co.Den.&Col.Sp. Apr. 1, 1921
O. N. Y., M.Tr.&CoLSp. Oct. 1, 1942
8.
New York.
Mar. 1, 1953
f. Safe Dep.&Tr.Co.,Balt.
July 1, 1937
D. N.Y., N.Y.Seo.&Tr.Co. Deo. 1, 1948
Y., Centrai'Trust Co.
See text.
S.
Feb.
1,
Sept. 1,
1922
dividends only), with dividends of 4 p. o. guaranteed by the Penn. RR.
and issued from time to time for improvements. V. 78, p. 1222.
Bonds.— Generals are all equally secured; guaranty. V. 56, p. 604.
Earnings.— In 1903 gross earns., $7,470,844; net, $2,581,217; profit
to lessee was $1,327,870.— (V. 75, p. 134, 793; V. 78, p. 1222, 1961.)
Cleveland Terminal Sc Valley It K.— See Map Baltimore A
Ohio.
Owns from Cleveland, Ohio, to Valley Junotion, 75 miles;
branches, 7 miles; yard track and sidings, 87 miles.
Stock—Of the $5,200,000 common (par $50) B. & O. owns $4,594,300
common and of the $2,200,000 preferred, $949,200; par $100.
Bonds—The first mort. bonds are guaranteed, prinoipal and interest,
by the B. &0,, endorsed; interest is paid regularly from earnings. A
majority is»t amped ast abject to oall on 60 days' notice at par and
Interest on or before May 1, 1904.— V 71, p 913, Car trust lease warrants (5s), $192,000, due $27,000 May 1 yearly**. 909 inclusive
Earnings.— Year 1902-03, gross, $1,124,755; net income, $369,681
Interest, etc, $262,849; surplus, $106,832— (V. 76, p. 209.)
Coahulla
Pacific Ry.—Saltillo to Torreon, Mexico, 200 miles;
completed Aug., 1902. On Aug. 10, I903, John W. Hardenburg of
Jersey City and Luoian T. Ross of New York were appointed receivers.
Latter were authorized to horrow $50,000. V 77, p. 349. In Aug.,
1904, it was understood that a New York syndicate interested in
Mexican affairs offered to purchase the road fioru the receivers at a
price unofficially stated as $1,750,00<», or >-ufflcient to pay claims,
and 50 to 55 per cent of the face value of the outstanding bonds. V.
79, p 786. Stook, $1,500,000; par, $100. Mortgage tr istee, New Jersey Title Guarantee & Trust <?o. See V. 72, p. 872.
Pres., A. W. Lilllendahl Treas., H. T Lllllendahl, 1* Exohange PI., Jersey City, N. J.
&
;
-(V. 75,
341, 1086; V. 77, p. 349; V. 79, p 786.)
Pottstown to Barto, Pa., 12-84 miles.
Leased to Phila. & Reading Ry. Common stock, $297,215; par $50.
Coal
Coke Ry.— Projected from Elkins. W. Va., to Charleston,
W. Va., about 180 miles, of which Charleston to Gassaway, 92 m., are
in operation; the balance is to be comp eted in the spring of 1905;
of this 28 m. were operated in Sept., 1904. About 100,000 acres of
coal lands are owned along the line of the road. Stock authorized,
$10,000,0C0: outstanding April 1. 1904, $4,118,800. The mortgage
covers the road and coal lands; V. 78, p. 47. Year ending June 30,
1904 (64 miles), gross, $282,985; net, $97,426; total deductions, $185,560; bal., del., $8g,134 Pres., H. G. Davis. Elkins, W. Va.; Treas.,
Arthur Lee, Elkins, W. Va.; Sec, C. M. Hendley, Washington, D.
V. 78, p. 47.)
(
p.
Colebrookdale
RR.—
&
O—
Ry.—
Colorado Midland
Owns from Colorado Springs to New
Castle, Col., through Busk-Ivanhoe tunnel, 234 miles, including Snowden to Leadville, 8 m., not operated; Jerome Park branch, 15 miles;
Aspen branch, 18 m.; total owned, 267 miles. Leases New Castle to
Rifle Creek, 14 miles, and Rio Grande Junotion RR., Rifle Creek, Col.,
to Grand Junotion, 63 miles ; total owned and leased, 344 miles.
Organization.—Successor Oot., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan In V. 64, p. 1224, 1 226.
In May, 1900, a majority of stook was purchased in the Joint interest
of the Colorado & Southern and Denver & Rio Grande. V. 70. p. 686,
791, 997, 1290; V. 71. p. 28; V. 73, p. 1111. No stook Is held by the
public Pref. $6,000,000; common, $4,000,000.
Bonds.—In June, 1900. the $6,250,000 2, 3, 4s were made full 4 per
oent bonds, and the right to issue $500,000 prior lien4s was waived;
V. 70, p. 1290; see also V. 71, p. 139.— (V. 72, p. 821.)
Net.
Misc. inc. Charges.
Pr», end. June 30— Gross.
Balance.
$1,962,645 $336,610 $41,408 $466,040 df.$87,992
1902 3
1901-2
2,162.286
492,866
41,615
514,458 sur. 20,023
Officers.— President, Frank Trumbull; Vlce-Pres., Geo. W. Kramer;
Treas., H. B. Henson; Sec, Harry Bronner, 74 Broadway, New York.
Directors.—Grenvllle M. Dodge, Kdwin IlHwIey, B. C. Henderson, George J.
Gould, Edwin Gould. Winsli.w 8. Pierce. Harry Bronner, H. T. Jeffery and
Frank Trumbull.-V. 76, p. 666; V. 77, p 2085, 2 b9.
<fc Northwestern
Rlfi.— Boulder to Ward, Col., 26
Successor of the railway company, soid in foreclosure May 4,
1904. Stock, $1,000,000, all outstanding Of the bonds, #6n0,000
has been Issued, the remaining $400,000 to be used to build 30 m. of
extensions to ore tields, one from Sunshine to Eldora, 20 miles, to be
completed Dec, 1904, and from Ward to Jamestown, 10 miles. V. 78,
p. 1961; V.79, p. 212, 268. Year ending June 30, 1903, gross, $54,481; net, $5,408. President S. B. Dick, Mead vllle, Pa.; Vice- Pr-s. and
Gen. Mgr., Robert Law; Sec-Treas., W. B. Hayes.— (V. 79, p. 212, 268.)
Southern Ry.— (-See Map.)— Operates from Orin
Colorado
Junotion, Wyoming, through Colorado to Fort Worth, Texas, viz.:
Colorado
miles.
&
IAnea owned.
Cheyenne
Miles.
Miles.
164
128
151
Other lines, br., etc. (106 nar. gan.) 864
Trackage— Pueblo to Walsenburg
(Denver* BioGrande)
58
to Orln Junction
Denver to Bessemer Junct, Col...
Denver to Lead v. (narrow gauge).
Como to Baldwin Mine ( do ).
Trinidad, Col., to Texas State line
131
135
Total
owned and leased
1,121
& Denver City By., 468 miles.
Has traffic and traokage agreement with Union Pacl Ho, connecting
the Cheyenne & Nor. Division with the system at Greeley and Denver;
also over Atchison tracks, Denver to Pueblo, Col. V. 69, p. 179.
Organization.—Succeeded on Jan. 11, 1899, per plan In V. 67, p.
748, the Union Pacific Denver A Gulf and Denver Leadville & Gunion stook of Fort Worth &
nison. Owns a large majority of the o
Alan has
lartje
interest in
Fort Worth
«
j
•
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
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X A S
RAILWAY STOCKS AND BONDS.
1784
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
For explanation of column headings, &c, see note of
Road. Bonds Value. Outstanding
on first page of tables.
Columbus <£ Toledo— See Hocking Valley Ry.
Columbus dt Xenia— Stock, 8 per cent rental
$50
55
1895 500 &o.
Combination Bridge (Sioux City, la.) — 1st
71 1894
1,000
Concord <& Olaremont (N. H.)—l*t mortgage
100
Concord dk Montreal—Stock, Class I. (B. C. & M. pf.)
100
Stock, Class II (B. C. AM. new)
100
Stock, Class III. (B. C. & M. old stock)
100
Stock, Class IV. (Concord) $6,000,000 auth. Text
166 1881
1,000
o
Bost. Con. & Mon. Improvement mortgage
1,000
Concord & Montreal con. M. for$5,500,000.HR.0* 262 1890
•97-'99
1,000
o*
Debenture bonds, $1;150,000, currency
1900
1,000
Do
do
$500,000, Int. guar
40*3
100
Concord & Ports.— Stock, 7 p.o. rent'l, 99 yrs. Conc'd
100
Conn, dt Passiim.—Pret. stock, 6 p. c. rent'1,99 yrs.o*
110 1893
1,000
c*
1st mortgage $1,900,000, gold
100
37
Massawippl st'k, guar, same div. as Conn. & Pass.
1,000
22 1881
Newport & Rlchford 1st mort. guar, by C. & P.o*
100
80
Connecticut River— Stock ($2,670,000 authorized)
1893
1,000
c
Bonds, not mortgage, for $1,000,000, gold
1901
1,000
Bonds, not mortgage
1903
1,000
do
do
1,000
Connecting (Phila.)—1st M., gu. p. & 1. Pa. RR. en. c 6-75 1864
1,000
7 1883
Phil. Germ. & Chest. Hill 1st M., gu. by Pa. R.y.r
36 1902
1,000
3^ per cent gold mortgage, $5,000.000
Cooperstmon <k Su-q Val.— 1st M., $200,000, int. gu. 1913 1888 100, &c.
105 1899 500, &0.
Copper Mange—1st mortgage, gold (see text)
50
26
Cornwall <6 Lebanon — Stock
1st mort., $800,000. red. at par beginning 1906.r
26 1891 100 <fec
1898
1,000
Oorvallis <£ Eastern—1st mort.($ll,250,000). Ce.o
M
.
.
i
see. Colorado Midland is controlled jointly by
Colorado & Southern and Rio Grande Western. V. 70, p. 739. In Mar.,
1902, Edwin Hawley. President of Minneapolis & St. Louis RR.. and
ssociates, acquired control. V. 74, p. 679, 727. In Sept., 1904, the
Denver & Interurban Ry. was Inc .rporated with $3,©i 0,000 authorized stock to equip electrically lines in the vicinity of Denver. V. 79,
Denver City Ry., which
p. 1266.
Voting Trust.— All
classes of stock are vested in the voting trus-
M. Dodge, Frederic P. Olcott, Harry Walters. Henry
Budge and J. Kennedy Tod until Jan. 1, 1904, and then until the first
preferred stock shall have received a 4 per cent cash dividend for
three consecutive years. The voting trustees may, however, deliver
the stock at any earlier date.
Dividends.— 1st pref., 1900, 2 p. c; 1901, 31*; 1902, 3^; 1903, 4 p. •.;
tees. Grenville
c: 1n Oct., 1904, the dividend was passed. V. 79, p. 967.
is a first lien on all the road, equipment
and other pi operty, $1,050,000 being reserved for the acquisition of
coal properties, etc., at not exceeding $300,000 a year: $147,000 have
been retired and canceled. Statement to the New York Stock Exchange In V. 68, p. 1027; V. 77, p. 2158
Gross,
EARNING8-2 mos., S 1904
$974,129; net, $29^,652
Julylto Aug. 31. <1903
Gross, 1,094,447; net, 334,020
Annual Report.— Fiscal Tear ends June 30. Report for year
1903-04 was in V. 79. p. 1459, showing:
1901-02.
1S-03-04.
1902-03.
Tear ending June 30—
Gross earnings
$5,702,687
$6,142,989
$6,580,327
Operating expenses & taxes. . 4.492.672
4,908,111
4,260,425
Netearnings
$1,210,015
$1,234,878
$1,319,90*
Total net income
$1,249,799
$1,293,753
$1,379,362
Interest on bonds, eto
811,958
796,800
752,603
Dividends on 1st pref
(4 %)340.000
(4 %)340.000
( 3^)297,500
Balance, surplus
$97,841
$156,953
$371,759
Offickrs.— Chairman, Grenville M. Dodge, N. Y.; President, Frank
Trumbull, Denver. Col.; Vice-Pres. and Gen. Man., J. M. Herbert,
Denver, Col.; See. and Treas., Harry Bronner, 5 Nassau St., New York.
Directors.— Grenville M. Dodge, Henry Budge, Frederic P. Olcott, John J.
Emery, Krlward J. Berwlnd Edward <". Henderson, Edwin Hawley, Norman
B. Ream, Huns Winterfeidt and Harry Bronner, New York City; llarrv Walters,
Baltimore. Md.: Frank TrumDul Denver. Col.
-V. 77, p. 2097; V. 79, p. 626, 907, 1266, 1459.
1904, April. 2
p.
Bonds.—The new mortgage
.
t
.
Colorado Springs St Cripple Creek District Ry.— Colorado
Springs to Cripple Creek, Col., 46 miles; branch, Cameron to Victor, 5
m.; other branches and snurs, 24 m.; total, 75 miles, of which 59 m.
steam, 14 m. steam and electric and 2 m. purely electric. Electric lines
connect principal towns in Cripple Creek diftiiot. Owned by the
owners ot the principal mines of the (Tipple Creek District.
8tock, all outstanding, common. $1,200,000; preferred, 5 p. o. noncum., $8o0,000. Par or shares, $100 each. Beginning Jan. 1, 1901, a
sinking fund of 5 per cent of gross earnings for preceding year can retire first mortgage bonds yearly at 110 for the first 15 years, then at
107!$ for 5 years, then 105 for the next five years, then 102*a for three
years, thereafter at par.
Of the first consol. 5s of 1902, $2,977,000
were reserved to retire the $1,977,000 first aDd $1,000,000 second
mortgage bonds; in July, 1904, $756,000 of the second mortgage
bonds had been retired. V. 76, p. 345.
Earnings.— For year ending June 30, 1904, gross earnings, $764.719; net Income, *339,00"; charges. $*01, 570; sink, fund, $38,23G;
sur., $99,201. Pres., Irving Howbert; 8ec. and Treas., E. F. Draper;
Aud., L. F. Linney.— (V. 77, p. 347; V. 79, p. 626.
(oli.rado Sc Wyomliig Ky.— Hartvllle to Sunrise. Wyo., 18
miles; connections with various lines at Pueblo, < ol., main line and
sidingp, 95 miles; Trinidad, Col., to Curatro, with spurs to mines. 58
miles; total, 171 miles. Colorado Fuel & Iron interests own the $100,00 > stock. Bonds, see table above. President, F. J. Hearne.
Columbia New berry St Laurens II It.— Columbia to Laurens,
8. O. 75 miles. Stock, $500,000
Bonds were 6s, but re-issued as 3s
in 1900 under agreement, certificates of interest to amount of 40 p. o.
of bonos being it-sued bearing interest, if earned. Loans and bills
payable June 30, 1904, $i8,00O.
Earnings 2 mos., f 1904
Gross, $31,884; net, $R,224
July 1 to Aug. 31.
Gross, 33,820; net, 13,024
S 1903
Year ending June 30, 1904. gross, $225,039; net, $51,445; charges,
$34,778; bal., sur., $16,t>67. President, W. O. Childs, Columbia, 8. C.
Columbia southern Ky.— See Scpp, for Jan., 1903.
Columbus Hock. Valley St Tol.— See Hocking Vallet Rt.
Columbus St Lake ITIic-hlgan RK.— Owns Lima, O., to Defi-
ance, 40 miles. Successor. Aug., 1902, to Col. Lima & Milw. RR., foreclosed. V. 75, p. V189, 1147. Extension proposed in 1904 from Lima to
West Mansfield. O., 40 miles, at a connection with Toledo <fe Ohio Central.
Stock authorized, per mile, *10,000 each of common and 4 p. c.
non-cuiiiiilatlve pref.; par, $100. Bonds, see table above. By agreement not e of the coupons to Sept., 1904, had been presented. Pres.,
Geo. A. Garrcttson; Treas., E. Hope Norton, 33'Wall St., N.Y.— (V. 76.
p. 804).
Columbus A Southern Ry.— Lancaster Junction, O., at a con
nectiouwith the Penn. RR.,to South Bloomingvllle, 34 miles. Successor of tlie Columbus Wellston and Southern RR., sold In foreclosure to J. G. Reeves and associates of Lancaster, O., on Deo. 4, 1901.
V. 73, p. 1206; V. 75, p. 184. Stock auth., $*,000,000.-(V 75, p. 239.)
[Vol. lxxix.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
Payable
Whom.
Dividend.
Cent.
$1,786,200 See text.
500,000
5
4i«
500,000
800,000
7
540,400
7
459,600
7
5,647,600
7
500,000
6
5,000,000
4
1,050,000 313&4
3ia
462,000
350,000
7
2,500,000
6
1,900,000
* g400,000
6
350,000
5
2,630.000
10
1,000,000
4 g.
290,000
3ifl
969.000
313
203,000
6
1,000,000
4Jfl
3i3 g.
788,000
200.000
5
2,025,000
5 g.
800,"O0 6 in 1904
766,400
5
2,115,000
4g.
Q.—M. Columbus, O., Treasurer Sep.10,'04, 2%
& J. N. Y., Hanover N. Bk. July 1, 1915
J.
J.
&
J.
Q.-J.
Q.-J.
Q.-J.
Boston, 1st Nat. Bank. Jan. 1, 1914
Oct 1'04, 1\%
See text.
do
Oct. 1'04, 1%%
& J.
& D.
& D.
& D.
& J.
P. & A.
A. & O.
F. & A.
J. & J.
J. & J.
M. & 8.
J. & J.
J. & J.
M.15 &8
M. & N.
M.15&S
M. & N.
A. & O.
F. & A.
A.. & O.
F. & A.
J.
J.
J.
J.
J.
Oct. 1'04, 1%%
Oct. 1'04,1%%
do
do
Q—J.
B'ston,Faneuil Hall B'k Jan.
Boston Safe D. & Tr.Co. June
Bos. S.D. & Tr., Boston. June
do
do
June
1,
1,
1,
1,
1911
1920
1920
1920
Manchester, N. H.
July, '04, 3ifl%
Boston, 8. Dep. & Tr. Co. Aug. 1/04,3%
do
Apr. 1, 1943
do
do
Aug., 1904,3%
do
do
do
Jan. 1, 1911
Boston, Mass.
July 1, '04. 5%
do
do
do
do
do
Sept. 1.
1943
Jan. 1, 1921
Jan. 1, 1923
do
Broad St. Stat'n. Sept. 15, 1904
do
do
May 1, 1913
do
do
Mar. 15, 1932
2dN.Bk..Coop st'nN.Y. May 1, 1918
Boston, Mass.
Oct. 1, 1949
Co.'s off., Lebanon, Pa. J'ly 14,'04, 3%
do
Apr. 1, 1921
do
New York City.
Feb. 1, 1998
Phila.,
,
Columbus Term. St Transfer RR.—V. 78, p. 286; V. 79, p. 902.
Columbus St Xenia RR.—Owns from Columbus, O,, to Xenia, O.,
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, in connection with that road, to the Pittsburg Cincinnati Chicago & St. Louis, whioh pays 8 per cent on stock.
The lease is guaranteed by the Pennsylvania RR. Co. In March, 1901,
the additional dividends, 25 p. o. per annum, from assets, was discontinued for the present.— (V. 72, p. 532.)
Combination Rrldge (Sioux City, la.)— Owns steel bridge
1,940 feet long over Missouri River, with approaches, 1 mile, u sed by
railroads and street cars and as a highway.
Stock, $1,500,000, all common and all outstanding. Mort. trustee,
Union Trust Co., Indianapolis, Ind. Pres., Jos. C. Head, Latrobe, Pa.;
8ecy., F. L. Eaton, Sioux City, Ia.-(V. 78, p. 102, 286.)
Concord St Montreal RR.—From Nashua, N. H, via Concord, Plymouth, etc., to Groveton and the White Mountains, 450
miles in all, (including Manchester & Keene, 30 miles, owned Jointly,
414 miles; 35 miles double track. A branch from Concord to Manchester, N. II., 17 miles, to be operated electrically, was completed in
Aug., 1903); $462.00(/ bonds have been issued therefor. V. 71, p. 698,
751; V. 74, p. 727. June 29, 1895, leased to Bos. & Maine for 91 years
at rental of 7 p. o. per annum on all stock. The stockholders voted on
April 8, 1903. to jmrchase the Concord Street Ry., and to issue $500,000 stock, of which $250,000 Class 4 sold.— (V. 78, p. 22tt, 286.)
Concord St Portsmouth RR.— Owns Portsmouth, N. H., to
Manchester, N. H., 40*3 miles. Leased to Concord RR. in 1862 for 9i>
years; rental, $25,000; 7 p. o. on stock and organization expenses, and
so operated by the Boston & Maine.
Connecticut St Passumpslc Rivers RR.— White River Juno.,
Vt., to Canada Line, 110 m.; leases 999 years Massawippl Valley, 37 m.
Lease.— From January 1, 1887,
leased
to
the Boston
&
Lowell for 99 years on a basis to pay Connecticut & Passumpsio stock
5 per cent till January, 1897, inclusive, and 6 per cent thereafter.
Securities.— Massawippl stook receives same dividends as stock of
lessee, and $400,000 of it [not inoluded In the amount outstanding
is pledged
as part security for 4s of 1893. Of the $2,500,000
preferred, $500,000, as also $50,000 Massawippl Valley Ry. stock,
are represented by Connecticut Trust & Safe Deposit Co. of Hartford
5 per oent trust certificates, under which the Vermont Valley has the
right for 45 years from Aug. 1, 1885, to purohase the trust stock at
par aud interest and in the meantime receives all dividends ab ove 5
per cent per annum on the stook deposited in trust.— (V. 57, p. 1040.)
Connecticut River RR.— Owns from Springfield, Mass., to
Keene. N. H., 74 miles (double tracked, 36 miles)
branches, 6 miles.
Lease.— Leased for 99 years from Jan. 1, 1893. to the Boston 4>
Maine, annual rental (as amended Oot. 10, 1895) being 10 per oent per
annum on capital stock), payable directly to the stockholders in semiannual Instalments Jan. 1 and July 1, and in addition thereto interest
on bonds and scrip and $2,000 for organization expenses. Lessee pays
all taxes, operating expenses, etc., but lessor to issue its stock or
bonds for permanent Improvements.— (V. 76, p. 212.)
Connecting Ry. (Philadelphia).— Owns from Mantua Junction
to Frankford Junction, Pa., 7 miles; Germantown Junction to Chestnut Hill, 7 miles; branches, etc., 23 miles; total, about 37 miles. A
consolidation Jan. 1, 1902. with the Philadelphia Germantown A
Chestnut Hill and other roads V. 73, p. 390. Stook authorized, $5,800,000; outstanding, $3,613,650; all owned by Penn. RR
Dividends
paid in 1902 and 1903, 4 p. 0. yearly (J.&D.)-(V. 75, p. 1354.)
;
RR.—V. 79, p. 1266.
RR.— (See Map Del. <*
Bud.)— Owns Charlotte Crossing to Davenport Centre, 4-51 miles;
from Jao.l, 1889, Cooperstown & Susque. Valley
leases for 99 years
Conway Coast
Cooperstown
Western
St
St
Charlotte Valley
RK., Cooperstown to Charlotte Crossing, with branch to Cooperstown
1948 m., guaranteeing interest on latter's $200,000 5 p. c. bonds.
Stook, $45,000, acquired July, 1903, by Del.
Hud.— V. 77, p 88.
Copper Range Kit.— Calumet, Mich., to Mass city, with
branches, total, 105 m.; side tracks, 15 m. Stook, $3,886 900, of which
$1,281,800 owned by Copper Range Consolidated (Mining) Co. Bonds
limited to $20,000 per mile of main line and branches and *15,000 per
mile of sidings. Of the $2,025,000 bonds outstanding, $61 i,000 were
In Jan., 1904, held in the treasury of the Copper Rauge Consolidated
Co V. 7H, p. 228. For 1 month ending July 31. 1904, gross, $56,490;
net, $28,512. Year ending June 30, 1904, gross, $514,733; net over
taxes, $143,047. Presldeut, William A. Paine; 8tc. and Treas., FredJet.,
eric
&
Stanwood. Boston —(V. 78,
Cornwall
Cornwall
2166
p. 228).
RR.— V. 74, p. 1139.
St Lebanon RR.— Owns Lebanon, Pa., to
Conewago,
478 miles. In June, 1901, the Pennsylvania
$540,000 stock, nearly all the remainder being
miles; branches,
Steel Co. acquired
owned by the Lackawanna Steel Co. V. 72, p. 1241, 1283.
Divs.— \ To 1893 '94 '95. '96 '97 '98 *99 1900*01 '02
24
34
'03
1904
(Percent) <4to4!ayrly
4
4>*
5
6
6
5»s 6
Earnings— 2 mos, < 1904
Gross, $38,088; net, $13,906
July 1 to Aug. 31. {1903
Gross,
63.733; net, 36,025
Surp. overcharges, 11 mos *55,360 in 1903-4, agst. $57,371 in '02-3.
Year 1903-4, gross, $242,038; net, $107,124: Interest and taxes, $50,034; dividend (6 p. c), $48,000; bal., surp., $9,090 — (V. 72, p 675.)
,
t
RAILWAY STOCKS AND BONDS.
Oct.. 1004.
<^« «:
MAP OF THE
1785
lO>lTREAL>i
DELAWARE & HUDSON
[Waterloo
RAILROAD SYSTEM.
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RAILWAY STOCKS AND BONDS
1786
RAILROAD8.
Miles
For explanation of column headings,
on first page of tables.
&o., see notes
Date
of
of
Outstanding
Road. Bonds Value.
41
43
376
57
—
.
.
,
—
,
,
;
1542.
A reorganization per plan V. 7 8. p 2018 (see also V. 77, p 1542) of
Southwestern Ry., whose assets were sold at auction on
the Denver
V. 79, p. 1461.
The old general 5s aDd floating-debt
Oct. 4, 1904.
holders will receive 60 p. c. in new pref. stock and 50 p. c. in new
common stock, leaving $99,463 common and $119,571 preferred to be
used for other purposes connected with the reorganization.
Stock and Bonds.—Common stock, $2,500,000; 4 p. o. non-cum. pr«
ferred stook, $3,000,000; par of shares, $100; For Midland Termina 1
bonds, see table above. There are $32,000 Midland Terminal and
$115,000 Flor. & Crip. Creek 5 p. c. equip, notes.
Earnings.— For 10 mos. end. Sept. 30, 1903 (old Co.) .gross, $851,528;
net, $161,941.
Report.— Report of old Co. for year end. Nov. 30, 1902, was in V.76,
p. 702, showing gross, $1,088,701; net, $142,064.
President, Henry M. Blackmer; Vice-Pres., R. E. F. Flinsch; Sec. &
Treas., John Gorlow. Directors, V. 79, p. 1461. -(V. 79, p. 1461.)
« ii ha Eastern
To be completed May 15, 1904, from Granadlllo Bay, on south coast of Cuba, northwest via GuantaDamo to forest
lands owned by the Cuba Hardwood Co., 43 miles; extension to La
Maya. 30 miles, is to be begun in 1904; to be extended eventually to
Nlpe Bay, on the north shore of Cuba; also branch to be built from
a point near Guantanamo easterly to Baraoao. Has five-year
contract with Cuba Hardwood Co. V. 76, p. 1 355. Stock, $2,000,000,
all outstanding. Bonds (see above), $411,000 outstanding Oct., 1903.
Pres., H.W. Bennett. Ofllce, 79-81 Wall St..N.Y.- (V. 76, p. 1355.)
Operates from Santa Clara, Cuba, o Santiago de
Cnba
Cuba, 356 miles, of which Santa Clara to San Luis, 336 miles, is
owned and balance controlled; also owns branches, Zaza Jot. to Sanctl
Bptritus, 9 miles; Alto Cedro to the Bay of Nlpe, 31 m.; total owned,
376 miles; controls Ponupo branch, 12 miles, and leases Jucaro to
San Fernando, 42 miles; total operated, 450 miles. See V. 75, p. 1147,
1347. Road opened Deo 8. 190z
81r William C. Van Horne is prominently identified with the enterprise.
Stock authorized, $10,000,000 each of common and 6 per oent non
cum. pref.; outstanding, common, $6,126,000; pref $10,000,000; par
of shares, $100. Bonds, see table above. President, Franklin B.
Lord: Sec, Chas. J. Fay; Treas., James I. Burke. Office, 83 Montgomery
8t, Jersey City, N. J.; 80 Broadway, N. Y.- (V. 75, p. 1147, 1307.)
<)fc
RR.—
RR.—
,
Pennsylvania
RR.—Owns
from Cumberland,
Md., to Piedmont, Md., and several branches, 57 miles. Owned and operated by Consolidation Coal Co., whioh guarantees by endorsement the
Stock, $1,500,000; par, $100. For year
first mortgage. V 52, p. 390.
ending June 30, 1901, gross, $812,077; net, $364,492 oharges, $93,202; dividends, $82,968; bal., but., $188,322. In 1899-0, net, $164,102.
Cumberland ValleyRR.—Owns from Harrlsburg, Pa. to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland Valley & Martinsburg Railroad, 34 miles; Dillsburg & Meohanicsburg Railroad, 7 miles;
Southern Pennsylvania Railroad, 21 miles leases Cumberland Valley
A Waynesboro RR., 18 miles; total operated, 163 miles. V. 61, p. 152.
Merger with Northern Central Ry. reported proposed. V. 77, p. 1873.
;
,
;
Stock, Etc.— Pennsylvania RR. owns $975,850 com. and $237,200
The $139,500 8 p. c. bonds maturing Apr, 1, 1904, were paid off.
Dividends. —In 1880 to 1884, 10 per cent yearly; from 1885, to
Apr., 1904, both Indus! ve, at rate of 8 per cent yearly.
Report.— Earnings entire line as follows:
Gross
Net
Int., etc.
Tear.
Dividends.
Bal.,surp
1903.... $2,019,378 $425,296 $75,232
(8 p.o.)$142,228
$207,836
1,256,501
378,702
62,059 (8 p 0.) 142,228
1902....
174,415
From surplus in 1903 $131,299 was appropriated for extraordinary
expenditures. -(V. 70, p. 580; V. 72, p. 391, 532; V. 77, p. 1873.)
Dalian Cleburne & Southwestern Ry.-Owns Egan, on Mo
Kan. & Texas RR., to Cleburne, 10 miles. Operated from Deo. 1, 1902
Extension proposed from Egan to Dallas, 27 n lies, and from Cle
burne to Glenrose, 50 miles. Leased to Mo. Kansas & Texas Ry. V.
76, p. 48. Bonds authorized, $150,000 first mort. 30-year gold 5s. President, W. D. Myers, Cleburne, Tex.— (V. 76, p. 48; V. 77, p. 88.)
pref.
•
•
Dayton
6c
Michigan BR.— (See Map
Cin.
&
&
J. &
M. &
J.
M.
D. N. Y., Farm. L. & T. Co. Deo.
S. N. Y., Knick. Trust Co. Mar.
J. N. Y., Morton Trust Co. July
N. Guar. Trust Co. of N. Y. May
1, 1925
1, 1933
1, 1952
1, 1921
Phila.
Chambersburg. July I, '04,
do
do
July 1, '04.
do
do
Apr. 1. 1908
Cincinnati.
Oct. 1, '03,
do
Oct. 5, '04,
N.Y., Kessler Co., Cin. Jan. 1, 1911
N.Y.,
Exoh.Nat.Bk Deo. 1, 1909
N. Y., Farm. L. Tr. Co. July 1, 1949
N. Y.,
of America. Jan. 1, 1905
Cheoks mailed.
Jan. 1, '04,
Phila., Broad St.Station July 1, 1932
do
Feb. 1, 1912
Phila., 240 So. Third St. Aug.20,'04,2%
Phila., Guar.T.A S.D.Co. Aug. 1, 1905
Phila.,240 So. Third St. Aug. 1, 1905
N. Y.Of.,21 Cortlandt St. Sep. 15,'04,1%
do
do
Sept. 1, 1917
do
do
Sept. 1, 1924
do
do
Deo. 1, 1942
&
Q.-J.
Q.-J.
& O.
& O.
Q.-J.
J. & J
& D.
& J.
& J.
& J.
& J.
F. & A.
Q.-F.
F. & A.
M. & N.
Q—Mch.
M. & S.
M. & S.
M. & S.
M.15&N
J. & J.
M. & N.
J. & J.
A.
A.
Am.
2%
2%
1\
2%
&
&
Bank
3%
do
do
do
do
Yearly to 1909
1905 to 1914
2,855,000
do
do
4
May 1 '05-18
300,000
do
do
Jan. 1, 1940
1.300,000
do
do
Jan. 1, 1942
^ g. J. <fe J.
o. RR., Utica Clin.&B Ing.RR., Coop. & Charl. Val
See those cos.
50 26,200,000 7 in 1904 Q.-J. N. Y., 26 Exchange PI, Oct.20,'04,1%
1,000
3,067,000
M. & S.
do
do
Sept. 1, 1907
7
1,000
1,000
1,000
& L. Pla
Cor vail Ik 6c Eastern RR.— Owns from Yaquina to Idanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Dec, 1897, to
purchase and extend the Oregon Central & Eastern, which was the
successor of Oregon Pacific, sold in foreclosure Deo. 22, 1894. Stook,
$11,250,000; outstanding, $2,115,000. Mortgage provides for extension eastward to Snake River in Malheur Co.
Earnings.—In year ending June 30; 1902, gross, $128,893; net;
$34,522 total deductions, $67,220.— (V. 68, p. 474; V. 77, p. 2159.)
Cotton Belt.— See St. Louis Southwestern Ry.
Cripple Creek Central Ry.—Divide, Col., to Cripple Creek and
Florence, etc., 77 miles; Viotor to Isabella, 6 m.; branches and spurs
to mines, etc., 41 miles; total, 125 miles, of which 43 miles standard
gauge. Controls Midland Terminal Ry., Florence & Cripple Creek RR.,
Golden Circle RR., La Bella Mill Water & Power Co., Colorado Trading
& Transfer Co. and $225,000 United States Reduction & Refining Co.
See V. 69, p. 851, 1011, 1103; V. 72, p. 984; V. 74, p. 880; V. 77,4>.
6c
Bonds— iTmolINTEREST OR DIVIDENDS.
pal,When Due.
Rate Per When Where Payable, and by Slocks—Last
Whom.
Cent.
Payable
Dividend.
$100 $5,500,000
1895
1,000
478,000
5 g.
1903
1,000
850,000
6 g.
1902 l,000&o
4,978,000
1891
1,000
1,000,000
5 g.
50
1,292.950 8 in 1903
50
484,900
8
1856 500 &c.
94,000
8 g.
50
2,401,900
3ifl
1871
50
1,211,250
8
1881
1,000
2,728,000
5
1879
1,000
225,000
7
1899
1,000
478,000
4g1,000
1864
495,000
6&7
25
2,987,225 6 in 1903
1892
1,000
500,000
4iflg.
1882
1,000
400,000
4
100
1,800,000
8
1875
1,000
1,500,000
7
300,000
1879 100 &0.
4
100 41,020,000 7 in 1904
1877 l.OOO&c
5,000,000
7
1874 100 &o.
500,000
6
1892
1,000
1,000,000
4iflg.
3ia g.
1899
1,000
750,000
1900 10,000
1,900,000
4
82
2d (now 1st) mortgage
Dayton & Mich. —Com. st'k (S^p.c. guar.C.H.&D.)
Preferred (8 p. c. guar. C. H. & D.) endorsed
142
1st mortgage, guar. p. & 1. end by C. H. & D
c
32
Daytond Union RR.— lstM.,s. f. (not dr'n)
c
Dayton Union Ry.—1st M., s. f., call at par.F...
38
Dayton d Western— 1st M., guar. L- M. and C. & X.o
224
Delaware—Stock
.-.,.
117
Gen. M., gold.FP
..o*
54
Delaware <& Chesapeake 1st M assumed, cur c
Del. d Bound Br.—Stock— 8 p. c. gu. Jfhila. & Read.
27
1st mortgage
27
2d mortgage, extended in 1899
Delaware d Hudson—Stock (auth.), $44,020,000 ...
1st M. on Pennsylvania Div. ($1 0,000,000) Uno&r
14
Schenectady & Duanesb'g, 1st mort., assumed ..
Adirondack, 1st M. gold.gu. p. <fei. end.Us..o*<fcr
57
payable May, y'rly.Usm
Equipm't M., $150,000
Eauipm't deb., $2,500,000, $200,000 an'ly, Jan. 1
Guaranteed Bonds.
'01-'02
Had. Coal Co. deb gu., p. & 1. end., part due, y'ly.
1890
Bluff Point Land Improve. Co. lstM.,gold,guar.c*
1902
c*&r
Chat. Ore & I ref. M., call 105.Co
Albany & Susquehan. RE., N. Y. & Canada RR Chate augay
Delaware Lackawanna d Western— Stock
Con. M. now 1st on road & equip ($10,000,000) Fc 194 1877
Cumberland
Amount
Par
Cripple Oreek Central— Stock ($3,000,000 pref.)..
Mid. Term. 1st mortgage, g., s. f.F
c*
Cuba Eastern— 1st mortg ige, $1,000,000, g. K..c*
Cuba RR.— 1st M., gold, $20,000 per mile Mo.cfer
Cumberland <6 Pennsylvania—1st mort., g., gu.O..
Cumberland Valley Common stock
Pref. stock ($243,000 2d pref.)
,
Size, or
[Vol. lxxix.
Ram.dk Day.— Owns
Dayton, O.. to Toledo Juno., O., 141 miles; traokage into Toledo, 1 H m.
Leased May 1, 1863, in perpetuity to Cincinnati Hamilton & Dayton.
Rental is interest and sinking fund and 8 p. o. on pref. stook and 3 ^ p.
,
—
on common. Guaranty onpreferred is secured by mortgage of 1871,
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 is held alive under mortg. of 1881, which is therefore a first lien.
Dayton Union Ry.— Union depot at Dayton, O. Used by Pitts.
Clnn. Chic. & St. L., Cleve Cinn. Chic. & St. L Cinn Ham. & Dayton,
Dayton & Union RR. and Erie RR. under lease whioh provides that
interest on bonds and other expenses'be divided between them on train
basis. Stook, $321,000, all oommon. Pres,, M. E. Ingalls; Sec, Ralph
Peters; Treas., O. G. Waldo. Office, Cincinnati, O— (V. 73, p. 1312.)
Dayton 6c Union RR.—Owns from Dodson, O., to Union City,
Ind.. 42 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47
miles. Operated by Cleveland Cinn. Chicago & St. Louis, whioh, Jointly
with the Cincinnati Hamilton & Dayton, owns the $86,300 stook. All
surplus earnings over interest goes to a sinking fund for redemption of
bonds at not above 100. Year ending Oct. 31, 1903, gross, $161,965
net, $43,762; other income, $7,875; oharges, $38,254; sur., $13,383.
Dayton 6c Western RR.— Owns from Dayton, O., to State line
Ind.. 38 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 Plttsb. Cin. Chic. & St. Louis. Under terms of the lease, upon payment of the D. & W. bonds the Little Miami will become sole owner
of the D. & W. Of bonds $32,000 are 7s. Stock. $309,276.
Delaware RR.— Shellpot Crossing, Del., to Delmar, Md., 95*22
miles; branches, Centrevllle, Md., to Townsend, Del., 35-15 miles; Clayton, Del., to Oxford. Md., 54-28 m.: 8eaford, Del., to Cambridge, Md.,
32-97 m.; Masseys, Del., to Chestertown, Md., 2069 m.; other branohes,
o.
,
,
;
10-46 m.; total,
24877
V. 67, p. 1356.
miles.
Leased till May 1, 1927, to the Philadelphia Bait. & Washington,
which owns $1,664,475 of the stock; rental net earnings—see V.
64, p. 1000. Dividends 1898 to 1904, inoluslve, 6 p, o. yearly. In year
ending Deo. 31, 1903, gross, $2,000,938; net, $485,489; other income,
$22,458; interest, taxes, etc, $115,852; extraordinary exp.. $175,000;
dividends (6 p. o.), $179,233; bal., sur., $37,862.— (V. 68,p. 129.)
Delaware 6c Bound Brook RR.— Owns from Bound Brook
(Central of N. J.) to Delaware River, 27 miles; branches to Trenton, 7;
second traok 27 miles all track 83 miles. In May, 1879, leased for 990
years to Phila. & Reading RR. for $267,000, paying interest and 8 p. o.
on stook; lease assumed by Phila. A Read'g Railway.— (V. 68, p. 722.)
Delaware 6c Hudson Co.— See Map.)— Operates railroad lines
from Wilkesbarre, Pa., via Albany, NT Y., to Rouse's Point, on
Canada line, with branohes, 821 miles In all. V. 68, p 871.
Lines owned—
Miles.
Linesleased VSeelhesecos. Mile*.
Lackawanna & Susquehanna. 22 II Albany & Susquehanna
142
Valley RR. of Pa
17 1TNewYork& Canada
150
Honesdale Branch
28 II Rensselaer & Saratoga
192
Schenectady & Meohanioville. 10 Ohateaugay & Lake Plaoid RR. 80
Cherry Val. Sharon &, Albany 21 TlUnlon RR
21
IT Schenectady & Duanesburg..
14 llJefferson RR. (trackage)
35
57 Other lines
IT Adirondack Ry
8
24
TT Coo perst'n & Charlotte Val.
Branches and spurs
Total operated Jan. 1, 1904.821
2
Also leases Utioa Clinton & Binerhamton and Rome & Clinton RR.,
44 miles, sub-let to New York Ontario & Western.
Histort. Etc.—This company was chartered April 23, 1823. It la
one of the largest miners and carriers of anthracite coal.
Stock. - Stockholders on Mar. 7, 1904, authorized $10,000,000 new
stock making a total of $44,020,000. See "Geneial Finances" below.
Dividends. < '84 '85 '86 '87 '88 '89 to '96 '97 to '00 '01 '02 '03 1904
Hlnce'83.%< 7 6 5 5 6 7 y'rly. 5y*rly. 7 7 7
7
Dividends for 1904 fixed at 7 p. c, payable quarterly. V. 78, p. 47.
Bonds.— In 1899-00 Issued $4,000,000 equipment trust 3 1«8 and debenture 4s, of whioh $l,350,o0o have been paid and the balance Is payable $350,000 yearly. V. 68, p. 670; V. 69, p. 1193; V. 70, p. 125. Ohateaugay Ore & Iron Co. $1,300,0,00 bonds are guaranteed. V.73, p. 1263.
General Finances.— On May 9, 1899, the stockholders voted to set
aside every year, as a sinking fund to retire stook and bonds and
guaranteed securities, an amount equal to at least Ave oents per ton of
ooal sold or $175,000 to $200,000 per annum, to be charged against
income account each year. (V. 68, p. 926. See ordinance in full. V. 68,
p. 1180. Coal owned and controlled Jan. 1, 1904, 223,293,754 tons.
In 1900 $200,000 stock was retired from prooeeds (estlma ed) of the
sink, fund; $141,800 In 1901; $151,100 In 1902, $100,000 in 1903, and
$3*7,100 in 1904 (to Ootober.)
Stockholders in 1904 subscribed to $7,000,000 new stock at $135 per
share: to retire the $5,000,000 New York & Canada RR. bonds (D.&H.
receiving as consideration $5,000,000 N. Y. & Can. 5 p. o. pref. stook),
to pay for standard-gauging the Chat. & Lake Placid Ry and of taking
up $^00,000 of underljlug bonds, aggregating somewhat over $2,OuO.000, the balanoe aocrulng to the treasury. The remalntng $3,000,000 authorized will be held for similar purposes in the future. See
;
i
—
.
V. 78, p. 583, 985, 1108, 1781.
Earnings.— Earnings of leased lines in New York State for 6 months:
r-Albany <fc Suequeh.-. ,— /V. Y. <fc Canada.— ^Uens.Ac Saratooa.s
« months
,
end. June 30.
liross
Net
1904.
f3.071.347
1.57H.192
Sur. over chgs.
Report.
936.572
1003.
t2.4S2H.937
1,076.957
161,311
1904.
|8U
SrtO
188,286
df.14,049
U-04
1903.
$H5K,447 |1 4fl8,S52 fl,61W,v:48
270 040
192,3»2
*8H,000
83.811 df.484,201 df.2B2.221
1903,
For 1903 in V.78. p.984. Coal (anthracite) oarried In 1903,
8,657,966 tons; in 1902, 4,640,772 tons; In 1901, 7,571,298 tons.
Oct., 1904. [
RAILWAY STOCKS AND BONDS.
1787
1788
RAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation of column headings,
on first page of tables.
Miles Date
&o., see notes
of
i
,
«fc 1
,
<fi
1,667
Improvement mort. ($5,000 per mile) g. lls..o\fcr 1,667
Rio Orande South'n 1st mort., guar.Ce
180
Rio Grande Junction 1st mortgage, guar. Ce *o*
62
Rio Grande Western, 1st M. g. (V.69, p. 284)Ce.o* 436
1st cons, mort., red. at par, see text, gold. Hlo.o"
606
Utah Cent. 1st M., guar. V. 68, d. 724, g Mlo.
33
Utah Fuel Co., 1st M., $2,000,000, red. HO.Ulo
Pleasant Valley Coal, 1st M., s. f.. red. 115.Mo
Equip, bonds, ser.A, g., $75,000 due seml-an
Des Moines <k Fort Dodge— Common stock
Preferred stock, 7 p. o. non-cum
lstM.
Do.
>
secures
\ Series A, Int. guar., end..
{ both equally \ Series B, int. guar., end..
1st mort. on exten., Tara to Ruthven. int. gu..F
New 1st mortgage, gold, guar. p. &l.Ce
D.Mo.Ia. F.dtNo.— 1st M.,$14,OOOp.m.,g.red.CoLo*
Des Moines Union—1st M. for $800,000, gold.Ce o*
Detroit Grand Raven <t Mil.—1st equip. M. gu
c*
Consol. mort., guar, (option— see text)
o*
Detroit Hillsdale <6 S. W.— St'k,4p. o. rent'l,L.8.&MS.
!»{
x Also $2,233,000 not guaranteed.
Delaware & Hudson— (Concluded.)
Tear ending Dec. 31—
Earnings of railroads
Size, or
55
143
75
4
189
189
65
1860
1874
$2,478,898
*3,910,811
Payable
$185,000
200,000
650,000
&
&
3
Whom.
J. Phila., Broad St. Station
J.
do
do
Dividend.
Jan. 1, 193S
Jan. 1, 1938
3
4
do
do
Overdue.
1903
(1)
5g.
& J. N Y., Knlokerb. Tr. Co. Mar. 1, 1953
1896 $1,000
1.300,000
* g& A.
Philadelphia. Pa.
Aug. 1, 1936
50
1,500,000 See text. M. & N.
Drifton, Pa.
June 15, '04. 3
1903
1,000
1,120,000
M. &N. N.Y.orMiss.V.Tr.,8tL. May 1, 1953
1902
1.000
See text.
4 g. M. & S. New York or Denver. Sept. 1 1952
100 38,000,000
100 44.400,000 5 in 1904 J. & J Office, 195 B'way, N. Y.
Julyl5,'04,2»t
1886 500 &o. 33,517,000
4g. J. & J. N. Y., Fourth Nat. Bank Jan. 1. 1936
1886
1,000
6,382,500
4iag. J. & J.
do
do
Jan. 1, 1936
1888
500
8.335,000
5 g. J. & D.
do
do
June 1, 1928
1890
1,000 X2,277,000
4 g- J. & J. N. Y., Maitl'd, Ooppell. July 1, 1940
1889
1,000
1,900,000
5 g. J. & D.
do
do
Deo. 1, 1939
1889 l.OOO&c 15,200,000
4 g. J. & J. N. Y., Morton Trust Co. July 1, 1939
1899 l,000&c 13,176,600
4 g. A. & O.
do
do
Apr. 1, 1949
1898
1,000
650,000
4 g> A. & o.
do
do
Jan. 1, 1917
1901
1,000
880,000
5 g. M & s.
do
do
Mch. 1, 1931
1898
1,000
1,162,000
5 g. J. & J.
do
do
July 1, 1928
1903
1,000
1 ,275,000
4*2 g. M. & N.
N. Y., Blair & Co.
Nv'04-May'13
100
4,283,000
100
763,500 5 {ni904 August. Chicago, C. R. I. & Pac, Aug. 1/04,
5%
1874
1,000
1,200,000
4
J. & J. N. Y., First Nat. Bank, Jan. 1, 1905
1874
1,000
1,200,000
21*
& J.
do
do
Jan. 1, 1905
1881
1,000
<*•
672,000
4
J.
do
do
Jan. 1, 190«
1905
1,000
See text.
& J.
Jan. 1, 1935
1901
1,000
1,000,000
it. J. & J. N. Y., Colonial Trust Co. July 1, 1931
1887
1,000
671,000
M. & N. N. Y., Central Trust.
Nov. 1, 1917
1878
1,000
2,000,000
A. & O.
Nat. Bk. of Comm'ce
Nov. 14, 1918
1878 200 &o.
3,200,000
6
A. & O.
N. Y. and London. < Nov. 15, 1918
100
1,350,000
4
J. & J. N. Y., Farm. L. & Tr. Co. July
'04,
.
,
.
2%
5,
&
h.^ , a YLare ^ n85H enanna & Schuylkill RR.-Owns main line'
from
1903,
1902.
1901
$13,642,954 $11,050,690 $12,178,683
5,473,758
4,3«1,5<>0
5,801,602
2,994,860
2,977,120
2,998,672
Profit from railroads
Net coal dept.
xi„*
Outstanding
All.
All.
1903.
Net (railroads).
Interest, taxes and rentals
Bonds— Prinol
INTEREST OR DIVIDENDS.
pal.WhenDue.
er When Where Payable, and by Stocks — Last
o£U?
Amount;
Amount
Par
Road. Bonds Value.
Delaware Md. A Fa.— Junction & B.— 1st mortgage
39
Break. & Frank. 1st m. to State, red. aft. Jan.*95
19
*
Other mortgages
Delaw. <£ Norttiampont—lBtM., $2,56b,dd6]g"e f'.K
Del. River RR.
Bridge— 1 st M. g. gu. p.
« J P o10
Delaware Susq. S. RR.—Stock (auth. $1,500,000)
"56
De.AnrfGw<!/-l8tM.,$2,600,000,g.,red.l03M*tc*
Denv.Northw. <6 Pac.— 1st M., $22,500,000, g.Me.o*
Denver <6 Rio Grande—Stock, com., (see texthTr.
Pref. stock, 5 per oent non-cum., $5O,O0O,O0O.Tr
1st cons. mort. for $42,000,000 ) „.,,,
„ „, 1,667
(now 1st mortgage)............ $«old..Us.o*&r
<fi
of
[Vol. lxxix.
$1,384,420
*1,258,363
is 1 p.
4 p. o. yearly (2 J.
D.); 1904, June, 2 p. o. Sinking fund
c, but bonds cannot be called. Guaranty in V. 63, p. 1062, 1159.
lnol.,
i
Drifton, Pa., to
Gowen, Pa., 31 miles branohes, 17 miles; total
Trackage-Lehigh Valley RR., etc., 133 miles
The road is controlled by Coxe Brothers & Co
1 "a™?™Divi e n?8 Oct. 18, 1892, 40 p. c. in oash Nov!
loo "S* p. c. m cash and 50
9*°'i*
?
Z5, 1893, 20
p. c. in stock; Sept. 26, 1894. 26% d o
Incash; 1899 to 1901, 4 yearly; 1902,5; 1903.6; 1904,May,3;
JuneT3p.o.
EARNrNGS.-In year 1903-04 gross, $1,200,465; net, $149,260; dividends (9 p. c), $135,000 bal., sur., $14,260. -(V. 75, pT666.)
Opened Feb.
$2,802,930
1,801,146
Total profits
Depreciation of plant
$6,389,709 $2,642,783 $4,604,076
$2,290,3»3
$1,000,000
5% sink, fund on coal mined.
184,552
144,967
233,369
Dividends
(7)$2,450,000 (7)2.450,000 (7)2,425,850
;
owned, 48 miles.
15. 1892.
;
;
Denlson Boiiliam A
Tex., 29 miles.
New
Orleans Ry.—Denison
to
Bonham.
Operated since completion Deo. 1, 1901, by the Mo
$1,464,794
$944~409 Kansas <fe Texas under a ten-year contraot. In Sept., 1903, parties in$47,876
terested in the road acquired the Velasco Brazos & Noi them
lin S8 of tne ooal department In 1903. $20,543,417; expenses.
Rv
m .* Ea
J7
oh
$16,632,606; net, $3,910,811. In 1902, $12,320,904; net, $1,258,363
?J^2 Ve l a8 9<>. Tex.. 20 miles. V. 77. p. 823. Stock, $480,000. In
I'eo.,1903, permission was given to issue $325,000 30 year gold
bonds
Officers- President, David Willcox; Treasurer. C. A. Walker on road between Bonham Jet. and Bonham; V.
76, p. 381. President'
Secretary, F. M. Olyphant. 21 Cortlandt8t.. New York.
Ed. D. Stager; See., John W. Russell.-(V. 76, p. 381; V.
77, p. 823.)
Managerg-Kobert M. Olyphant, Alexander B. Orr. Chauncey M. Depew.
1D n e r &,nter " :Monnta,n Ry.— Embraces 27 miles of track,
James W Alexander. John Jacob Axtor. R. Somers liaye*. Frederic f!roruwell
,
u Tl „
David Willcox. K Suydam Grant, George 1. Wllber. C. A Peabody. E h' of which 22 steam, Denver to Ralston, and 5 trolley, Denver to BarHarrlman, James H. Hyde.-( V. 78. p. 1SS8, 17dl, 1»06; V. 79, p. 7fe6.)
num Extensions are proposed. Successor to Denver Lakewood &
Delaware Lackawanna & Western It It.— (See Map.)- Oper- Golden RR.. sold in foreclosure on May 19, 1904 V 78 p 2334
Stock, $514,300. No bonds Issued Oct. 1, 1904. For 1902-03' (old co >'
ates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo,
gross, $60,170; net, $15,592. President, Samuel Newhouse;
410 miles, with branohesto anthraolte region, etc., 555 miles, viz.Treas
Lines owned^Miles.
Lines leased— fl See each oo. Miles. F. W. Loveland; Sec. William Morrison.— (V.78, p.820, 1549, 2334.)
N.J. State line to N.Y. line. ...114 HUtioa Chenango & Susq
Denver Knld & OulfRR.— Projected from Guthrie, O. T.. north97
Br'nches to N'rthumberrnd,&o. 80 UValley RR. of N. Y
west to the Kansas State line at a point near Alva, O. T 130 m of
11
Lines leased
TTWarren
19 whioh Outhrie to Enid, 56 m., in operation in Oot., 1903. Stock authorHMorris & Essex and bran ohes. 157 TTSussex, <&o
48 ized, $15,000,000; outstanding, $1,120,000; par of shares. $100
1TN.Y. Lackawanna & Western. 214 Bangor & Portland Ry., Ac.
Bonds are limited to $20,000 per mile. V. 77, p. 769. President
ifCaynga & Susquehanna
34
(V. 72, p. 435)
75 Breckinridge Jones; Secretary and Treasurer, Henry Semole Am es,
£5em l,le Ames'
ITOswego <fe Syracuse
both of St. Louis.-V. 77, p. 88, 769; V. 79, p. 1641.
35
^Syracuse Bing. & N.Y
81
Total operated Jan., 1904. 965
Denver Nor tjh western & Pacific Ry.—Building from Denver
History, Etc.—Original company ohartered in 1832
present title to Salt Lake, about 500 miles, along a line about 100 miles south of
assumed in 1853. No sub-companies (ooal and mining) are controlled
the Union Pacific and 125 miles north of the Denver & Rio Grande
the railroad owning Its anthracite mines. In Apr., 1903 the entire By May 1, 1905, the first 100 miles to Sulphur Springs,
Col., are exstock of the N. Y. & Hoboken Ferry Co. was purchased. V. 78 p 815
pected to be in operation. In 8ept.. 1904, track laid from Denver
to
In Dec, 1903, the Erie & < entral New York, Cortlandt, N. Y., to ClnArrowhead, 75 miles, of which 50 miles were operated. Expected to
clnnatus, 18 miles, was acquired. V. 78, p. 815.
be completed in 1«05. SeeV. 75, p. 289; V. 78, p. 1108. Northwe-t. Terminal RR., proposed terminal line in Denver, V. 79 p 1704
•82-*84
Dividends—
'85
'86 to Oct., '04.
J 1881
Incorporated in July, 1902, with $20,000,000 authorized 'stock,
Since 1880, p. o.
6%
I
8 yearly
7^
7 yearly
of which $10,000,000 pref. 5 p.o. non-cum., all to be issued for construcEarnings. -Earnings of New York leased lines:
tion, together with $20,000,000 of the $22,500,000 4 p. c. bonds V
75
6 wios.end.June 30. Gross.
Nrt.
int. taxes etc
Bal., sur
p. 1147; V. 79, p. 102.
President, David H. Moffatt; Viee-Pres
G*
1903-4.
$1,826,603
$2,389,051
$1,227,391
$1,161,660 Evans; Treas., W. E. Ross-Lewln; Sec, F. B. Gibson— (V.
p.'
79,
1704.)
1902 3
5,150,421
2,943,156
1,224,409
1,718,747
Denver &. Rio Grande RR.— (See Map)— ROAD—The linesof this
Annual Report.— Annual meeting is held on Tuesday preceding last company, together with those of the Rio
Grande Western Ry whose
Friday in February. The report for 1903 was in V. 78, p. 815. The stook is substantially
all owned, are well shown on adjoining map.
following includes all lines except Syr. Bingh'ton & N. Y., Sussex RR
Miles.
Bangor & Portland and Lack. & Montrose RR.:
Miles.
Road owned and operated. ..2,398
Of the preceding:
Tear end. Dec. 31.
1903.
1902
1901.
Rio Gr. Jo. RR., etc. (leased)
62 Standard gauge
1,544
Passenger earnings
$5,083,142
$4,592,036
$4,522,383
Narrow gauge only
917
Freight earnings
22,181,752
15,159,344
17,418,033
Total June 30, 1904
2,460 2d track and 3d rail
405
Miscellaneous
1,916,069
1,647,384
1,567.218
Rio Grande & Southwestern RR., Lumberton Station, Col., 42
$29,180,963 $21,398,764 $23,507,634 miles southeasterly, will be acquired in 190405. V.
79, p. 907.
Net after taxes
$13,137,560
$6,921,342
$9,122,216
History.— Reorganization of a railway oompany of same name foreCoal department (net)
"3,036,194
*792,477
*1,638,643 closed July
12, 1886. The Rio Grande Junction is leased Jointly by
Other miscellaneous income..
464,742
401,519
441,390
this oompany and the Colorado Midland, and its bonds
guaranteed^
Total net income.
$16,638,496
$8,115,338 $11,202,248 The Colorado Midland is controlled by parties interested severally
in*
Interest and rentals
$5,285,658
$5,250,213
$5,387,854 the D. & R. G. and Colorado & Southern. V. 70, p. 739.
Rentals, advances, etc
948,434
163,627
261,212
The Missouri Pacific early in 1901 aoquired $14.800,000 oommon and
Renewals and betterments
4,319,166
3,058,149
2,523,127 $7,300,000 preferred stook, this, together with the Rockefeller interDividends (7 p. c)
1,834,000
1,834,000
1,834,000 ests, it is understood, constituting a considerable maioritv of the enBala nce after dividends. .sur.$4,251,238 df.$2,180,652 srT$l,l96^054 tire stook.- V. 72, p 338, 580, 1238; V. 73, p. 506. President Jeffery
is a dlreotor of the Western Pacific Ry., building from Salt
* Earnings of the ooal department in
Lake Citv
1902. $19,445,950; expenses
Balance, surplus
^
,
NY
—
;
W
.
$18,653,473; net, $792,477; in 1901, $28,008,747; expenses, $26,370.104; net, $1,638,643; 1900, $22,261,887; net, $1,200,082.
Officers.— President, W. H. Truesdale; Chairman of Board, Samuel
Sloan 8eo. and Treas., Fred F. Chambers, 26 Exohange Place, N. Y.
BOARD.— Strouel Sloan (Chairman), Fredk. W. Vanderblit, Wm. \V Astor
Kugene Higglns, Henry A. C. Taylor, J. Rogers Maxwell. Geo. K. Baker Wm'
Rockefeller, Hamilton McK. Twombly, James Stlllman, M. Taylor Pvue H«rrls
C. Fahnestock. Frank Work, John D. Rockefeller Jr.
-(V. 76, p. 1029; V. 77, p. 541, 2159, 2280; V. 78, p. 8 1 5, 2334.)
;
Delaware Maryland & Virginia RR.— Owns from Harrington
Rehoboth. Del., 44 miles; Georgetown to Franklin City, Va., 54 miles
98 miles. Controlled by Phila. Bait. & Wash., whioh owns $326
200 of the $526,758 stock (par $25), and so by Pennsylvania RR See
to
•
total,
-
V. 50, p. 498. Loans and bills payable, Oot. 31, 1903, $184,800; other
Boating debt, $517,927. In year ending Deo. 31, 1903, gross, $306 092;
net, $45,135; interest, taxes, etc., $49,325; balanoe, deficit for year
$4,190, but this does not include interest on the floating debt.
Delaware River RR.
&:
Bridge Co.—Owns a
bridge over the
of connecting
railroad. Capital stock ($1,300,000) is all owned by the Pennsylvania
RR., which guarantees the bonds, principal and Interest, by endorsement on each. Dividend for 6 mos., 2 p. o., paid Deo. 1900; 1901 to
Delaware River near Philadelphia and about 10 miles
San Francisoo. V. 79, p. 1024.
Divs. since ) '92 '93 '94 '95 '96 '97 '98 '99 '00 01 '02 '03
1904
•91 on pf., p.o. S
213 4
4 5 5
5
5
Stock.— During 1901-2 pref. stook was increased from $23,650,000 to
$44,400,000, to acquire the Rio Grande Western stook. Through the
Rio Grande Western the Utah Fuel Co. was aoquired V 72 p
The stockholders voted on October 21, 1903, to lu « r e*se the 775
inorease we V™
pre
f erred stook from $44,400,000 to $50,000,000.
Bonds.- Consols of 1886 for $6,900,000 originally reserved for extension to Ogden (made unnecessary by acquisition ol Rio Grande
Western) may be used for other oapital requirements V 73 p 507
See abstraot of mortgage in Chronicle, V. 47, p 228
to
020022
5s of 1P31, see application to list, V. 78, p. 1171, 1173 1548 2015
The Rio G. W. first consol. 4s of 1899 are secured by a first mortgage, eitherdlrectly or by all their securities, on 193 miles of branoh
lines, and further by a second lien on 438 miles of main line
and other
road, and on all new mileage to be constructed and rolling stook purHHe 1
1
u UK 50 ""lea of branohesto Heber and coal mines built In
?^ $15,200,000 are reserved to retire the 1st
i , cH,^l
'99;
4s, $2,163 000 were exchanged for $2,850,000 treasury branoh line bonds; $12,700,000 have
,
^
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1789
RAILWAY STOCKS AND BONDS.
1790
[Vol. lxxix.
INTERE8T OR DIVIDENDS.
RAILROADS,
iJ(md«~Piincl-
Miles Date Size, or
pal,When Due.
Amount Rate Per When Where Payable, and
Par
of
of
For explanation of column headings, &c, Bee notes
by Stocks— Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Detroit Orand Rapids <6 Westerns-See Perk Mabq uette
Detroit Lansing <£ Northern See Pehe Marquett e RR.
Detroit <& Mackinac— Tvet. stock, $1,000,000 autli.
. - " 1st lien," $1,500,000, gold.Mo
All
...c"
All
"Mort. bonds" $1,750,000 gold.red.atpar.Mo.c*
263
Det. So— 1st M., g., $4,500,000, red. to '06 at 105 Ce
...
Receiver's certs, red. after 6 months
Mortgage, $10,000,000 gold. N
c*
389
Ohio South'n, equip, notes, due $6,560 monthly.
Detroit So. oar trusts, gold, payable Oct. 1, y'rly..
—
-
Del.&Tol.Hh.L.— l8tM$3,000,000,g.gu.p.&lHe.C&r
Dover & Rockaway—Stook,6 p. o., rental 999 years.
"48
5
mortgage
Dub. <k S. City— III. Cen., W. lines, 1st
1st
M.,g.Us.c*<fcr
City 1st M.. la. F. to S. City.
Iowa Falls & Sioux
Cher & Dak.,C. R. &C. and OmahaDlv.,etc.,lstM.
o&r
Duluth dt Iron Range—1st mortgage.
2d mort., currency, red. at 105, $5,000,O00.Ce.o*
Duluth Missabe <t North'n—1st mort., gold, 8. f
Ce
1st consol. M., $3,500,000, g., callatlOS
Ce.c
2d mort. ($5,000,000) gold, red. at 105
Atlantic— Marq.H.&On.gen.M.Ce.o
Duluth So.Sh.<t
Duluth South Shore & Atlan., 1st M v gold.Ce.c&r
Mp
First oonsol. mort., gold, interest guar.Ce.c*<fer
Inc. certs. ($3,000,000 held by C. Pao. July, '02)
Car trusts July 1, 1904
Dul. Va. <t Rainy Lake— 1st M., $2,000,000, g...c*
o*
Durango Central—1st M., g., $20,000 p. m.O
Dutchess County— Bee Central New Englan d.
East Mahanoy RR. Stock
East Pennsylvania—Stock 6 p.o gu.999 yrs.PhlL&R.
IstM., gold, guar. p.&l. byP.A R. RR. (end.)...o*
Easl Tenn. Va. & Oa.— See Southern Rt.
RR.
....
$100
1895
1895
1901
1904
1901
1,000
1,000
1,000
5,000
1,000
1903
i'.ooo
100
1881
1.000
1895
1,000
1869 500 &o.
218
184
328 •88-00
184 1887 l,000&c
184 1896
1,000
65 1892
130 1893
1,000
130 1898
1,000
156 1885
1,000
416 1887
1,000
572 1890
1,000
1892
*"•
1902
1,000
32 1902
1,000
—
been
sold; $8,000,000
36
36
50
50
1888
1,000
were issuable at not exceeding $500,000 per an-
num for equipment and improvements. They are also secured by a
Addifirst lien on the entire $10,000,00o stock of the Utah Fuel Co.
tional consols may also be issued at $20,000 per mile for future
branches and extensions or for underlying liens of acquired roads.
See application to list In full, V. 72, p. 537. V. 72, p. 775, 1189. List
of securities deposited as collateral
Latest Earnings.— From July
—
June
1 to
30, 1904, V. 79, p. 909.
Aug. 31, 2 months:
Oth. inc. Charges. Bal., sur.
Net.
$1,119,916 $51,949 $689,822 $482,043
48.042
656,938
613,339
3,12-1,594
1,222,235
Annual Report.— Full report for 1903-04 in V. 79 p. 899, 907, the
Bio Grande West, being included.in three later years only. See p. 879.
1901.
1904.
1903.
1902.
Tear ending June 30—
2,347
1,668
2,398
2,378
Average miles oper'ted
$
$
$
$
16,446,434 17,304,559 17,036,828 11,452,404
Gross earnings
4,328.506
6,387,991 6,674,709 6,705.286
Net earnings
165,762
111.374
214,345
209,717
Other income
4.439,880
6,602.336 6^84,426 6,871,04a
Total net income
1,855,122
3,170,802 3,083,404 2,^98.093
Interest on bonds
580.016
662,041
396,471
671,470
Taxes and insurance..
500.000
436,797
Betterments, etc
310,314
274,864
296,420
Miscellaneous
305,651
1,182.500
Dividend on pf. stk.5% 2.220,000 2,2 20.000 2,220.000
362,625
234,413
185,764
730,92^
Balance, surplus
Officers— Chairman of Board, George J. Gould; President,E. T. Jeffery; Vice-Presidents. ( has. H. Schlacks and A. C. Bird; Treas., J. W.
Gllluly; Sec. and Compt.. Stephen Little. Office, 195 Broadway, N. Y.
Directors.— Georee J. Gould, Mortimer L. Schiff, Edward U. Harrlman,
Wlnslow S. Pli-rce. K.T.Jeffery, Kdwin Gonld and Arthur Coppell, New York;
Charles H. Schlarks. Edward O. Wolcott. Denver, Col.
—(V. 77, p. 2097, 2280; V. 78, p. 1222, 2384, 2598; V. 79, p. 899, 907.)
Southwestern Ry,- See Cripple Creek Central Ry.
Denver
2 mos.
Cross.
1904
1903
$2,746,615
,
&
Des Molne* & Port Dodge Hit.—Owns Des Moines to Ft. Dodge
la.,
88
in.,
and Tarato Ruthven, 55 miles; traokage, Illinois Central, Tara
Dodge Junction, lnoluded above. Leased Jan.
1, 1887, to Chlo.
Pao. for 18 years at rental of 30 per cent of gross earns., with
a guarantee of 4 per cent interest on the Series A bonds, and 2^ per
cent per annum on the Series B bonds. On Mar 1, ,1904, Minneapolis &
c
St. Louis acquired $2.. '30,000 of the $4,283,000 common 3tock, and
guarantees the $« ,072, 000 new first mortgage 4 per cent gold bonds,
which have been sold to retire all the outstanding bonds maturing
Jan. 1, 1905; the Minn. & St. L. will take formal possession on expiration of present lease on Jan. 1, 1905. V. 79, p. 268, 1704. Preferred
stock is entitled to 7 p. c, non- cumulative, then oommon to 7 p. o.,
after which both share equally.
'95
'96 to '93
1899 to 1903
1904
Dividends.— > 1893 '94
2
4
4
6yearlv
7 yearly
5
on pref. (p. o.) S
Pies Edwin Hawley; Vice-Pres., L. F. Day; Treas., F. H. Davis;
Sec, W. S Crandtll. Rental for vear ending Deo. 31, 1901, $207,573;
1900, $189,894.-(V. 78, p. 988, 2334; V. 79, p. 268, 786, 1704.)
Des Moines Iowa Falls Northern Ry.— Iowa Falls, la., to
Des Moines, 75 miles; completed Aug., 1903. Extension north from
Iowa Falls to Mason City was to begin about May 1, 1904.
8took authorized, $l,2oO,0<'0; outstanding, about $900,000 In April,
1904; parorsh-ires $100 eaoh. Bonds are subjeot to call at 105 on
and after July 1, 1906; they are limited to$14,000 per mile, with $50,000 additional for Des Moines terminals. Pres't, E. 8. Ellsworth, Iowa
to Fort
Rock
Isl.
<fe
,
A
H. Funk; Treas., W. H. Woods.— (V. 76, p. 158.)
Des Moines Union Ry.—Terminal road In Dee Moines; owns 4
miles main track and branches, 14 miles 2d and side tracks, bridge
across Des Moines River and 25 acres of land in Des Moines. See
statement to N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash.
BR., Chicago Great Western, (nil o. Mil. & St. P. Ry , Chicago Burlington & Quincy RR. and Des Moines Iowa Falls & Northern Ry. V. 75,
p. 342. Rental equal to expenses and fixed charges paid monthly by
leswees on wheelage basis. Stook authorized, $2,000,000; outstanding,
$400,000; par $100. BUlspayable Jane 30, 1904. $84,552. Year 190304, gross, $259,715; net, $54,212; charges, $54,212.— (V. 75, p. 342.)
Detroit Orand Haven A Milwaukee Ry.— Owns from Detroit to Grand Haven, Mich., 189 miles. A reorganization of September, 1878. The principal and Interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stook, $1,500,000; par, $50. Real estate
bonds or mortgages, $226,000. On Juno 30, 1901, sundry outstanding
accounts, $356,520. Grand Trunk of Canada owned Deo. 31,1903,
the $1,500,000 stock. As to offer to bondholders In 1900, seeV. 71, p. 84.
Gross, $289,550; net, $96,*43
Earnings.- 2 mos., ) 1904
Gross. 219.479; net, 68,131
July 1 to Aug. 31. $19<-3
For 6 mox ending June 30, 1904, gross, $573,032; net, $85,987;
charges, $11- 0,319; bal., def., $94,332.
For year ending Deo. 31, 1903, gross. $1,252,294; net. $291,831;
Oharges, $359,481; bal., def., $67,650. For 1902, gross, $1,151,361.
Detroit Orand Rapids A- Western.— See Pore Marquette RR.
Detroit II lllsdale A; Southwestern It II. —Owns from Ypsilantl,
Mloh., to Bankers, Mich.. 65 miles. Leased in perpetuity from July 1,
1881, to the Lake Shore & Michigan Southern Co.; the rental Is $54,000
per year 4 per cent on stook.
See Miscellaneous Cos.
Detroit Mack! nac & Marquette
Falls; Sec, J
—
RR.—
$950,000 5 in 1904 J. & J.
1,050,000
4 g- J. & D.
1,250,000
4g. J. & D.
4,294,000
4g. M. & S.
500,000
5
3,866,000
4 g. J. & D.
85,277
5& 6 M'nthly
S 20,000
4*2g. A. & O.
1,900,000
4 g. J. & J.
140,000
6
A. & O.
35,000
J. & J.
6
5,425,000
4 g. F. & A.
2,800,000
A. & O.
7
8,430,000 QlinoisC entral b
6,732,000
A. & O.
5
See text.
6
J. & J.
1,174,000
6g. J. & J.
1,589,000
6g. J. & J.
4,103,000
5 g. J. & J.
1,077,000
A. & O.
6
3,816,000
5 g. J. & J.
15,107,000
4g. F. & A.
3,000,000
4
251,612
See text.
5 g M. & S.
640,000
5g. J. & J.
497,750
1,730,450
495,000
N. Y., H. K. McHarg.
N. Y., J. P.
July
1, '04, 2i«
1, 1995
June 1, 1995
Mch. 1, 1941
July 1, 1906
June 1, 1951
Morgan & Co. June
do
do
N.Y..Colonlal Trust Co.
Dec,
New York.
coup, last pd.
New York.
To
'03,
Mer Tr.&oep.Co
,
Nov. 1905
To Oot. 1,1912
Bait.
t
N. Y., Meroant. Tr. Co. Jan. 1, 1953
N. Y„ 143 Liberty St. Oct., 1904, 3%
do
do
Jan.
Aug
N. Y., Office, 214 B'way
do
do
Oot.
onds or collateral there for.
Empire Bldg.
Oot.
do
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
1,
1,
1,
1906
1951
1917
1937
1916
1922
N. Y., Central Trust Co.
1923
do
do
1918
New York, 44 Wall St.
1925
do
do
1937
New York or London. Aug.
1990
New York.
Deo. 31, 1912
1904 to 1906
Minneapolis, Minn.
Mch. 1, 1922
SeeV. 79, p. 1701.
July 1, 1952
N. Y., Of.,
do
1,
1.
1,
1,
1,
1,
1,
1,
J.& D.15 Phila.,Pa., Read. Term. J'nel5,'03,2>t
J. & J. Phil., Phil. & Read. Ry. July 16,'04,3%
do
do
Moh. 1, 1958
4g. M. & S.
5
6
&
Detroit
Mackinac Ry.— Owns from Bay City, Mich., to Cheboygan, 195 miles; Rose City Branch, 32 m. Presoott Branoh, 12 m.;
Lincoln Branoh, 14 miles; Au Gres Branch, 8m; various logging
branches, (largely temporary) 69 miles; total, 330 miles. Extension
north from Tower to Cheboygan, 22 miles, was oompleted In July
1904. and to be continued to Mackinaw 23 miles further. In 1903-04
carried 872,768 tons, of whloh forest products furnished 61 -72 per ot.
±ii8TORT, Etc.— Formed in December, 1894, to succeed the Detroit
Bay City <fe Alpena, sold in foreclosure. In May, 1902, Henry K. MoHarg and associates acquired control.
Bonds.— "Mortgage bonds" for $500,000 were reserved for betterments, etc.. at not over $50,000 per year. V. 74. p. 629. In addition
to the amounts shown above as outstanding, $450 000 -first lien" and
$100,000 '•mortgage" bonds wereon June30, 1904, held in the treasury.
Stock.—The capital stock is $3,000,000, of whioh $2,000,000 oommon and $1,000,000 5 p. o. non-cum. preferred. 8ee V. 74, p. 629.
First div. on pref., 2*3 p. c. July 1, 1903; in 1904, 5 p. o. (J. & J.).
Latest Earnings.—
Gross, $ 1 70,780; net, $5 6,732
) 1904
2 mos., July 1 to Aug. 31. 51903
Gross, 163,517; net, 51,850
Earnings.— Report for year ending June 30, 1903, was in V. 77, p.
1531. In 1903-4 gross, $981,315; net, $378,157; interest, taxes, etc.,
$164,177; dlv. on pref. (5 p. 0.), $$47,500; bal., surplus for year,
$166,480.- (V. 75, p. 1027; V. 76, p. 1248; V. 77. p. 1 5 3 1 V. 79, p. 1461.)
Detroit Southern RR.—Operates from Detroit, Mich.,to Ironton,
via Lima, 381 miles, including 43 miles of traokage; branches, King,
man to Sed 11a, O, 31 miles and lackson to Cornelia, 20 miles; total,
432 miles; coal mine tracks, yard tracks and sidings, 120 miles. Constitutes a route from the bituminous coal fields in Southern Ohio.
Organization.— A consolidation of the Ohio Southern RR. and the
Detroit & Lima Northern Ry. on June 1, 1901, alter foreclosure per
plan V. 72. p. 438. V. 72, p. 626, 722, 1034. 1080. On July 5, 1904,
Samuel Hunt was appointed receiver. V. 79, p. 151. In July to Oct..
1904 $500,000 two-year 5 p. o. receiver's certificates ($1,000,000 authorized) were issued, subjeot to call after six months. V. 79, p. 269,680.
Com miltre for 5o- year 4s.— Otto T. Bannard, Chaiiman; N. Y. Security & Trust Co., dei osltary. V. 78, p. 2011; V. 79. p. 151,627, 680.
Stockholders' Oommidee.— John E. Borne, Chairman; Colonial Trust
;
Co., depositary; V. 79, p. 680.
8tock. - Common authorized, $16,000,000;
preferred 4 p.o. noncum., $10,000,000, both as increased July, 1903; outstanding oommon,
$10,500,000; preferred, $6,500,000. V. 77, p. 1871.
Voting Trust— Both classes of stook are vested until June 1, 1906
(unless surrendered earlier at their discretion), in the following voting
trustees: Frederick J. Lisman. John E. Borne, Evans R. Dick, Cyrus J.
Lawrence and Leopold Wallaoh.
Bonds.—The $4,500,000 40- year 4s are seoured by a purchase
money lien on the Ohio Southern RR.'(Lima to Wellston and branches,
in all 263 miles). See V.72, p. 1237; V.73,p. 1261; V. 75, p. 666, 906.
Report.—Year ending June 30, 1904, gross, $1,488,938; net,$l99,850.
Report for year ending June 30, 1903, was In V. 77, p. 1871,
showing on 381 miles, gross, $1,444,900; net, $354,965; int. and
taxes, $342,673; bal., *ur., $12,292. In 1901-2, gross, $1.239,f»08; net
$244,796. The earnings of the Iron Ry., separately operated, were
gross, $86,898; net. $34,040; taxes, $3 876; interest, $24,000; bal.,
sur., $6, 163. Directors, Ootober, 1902, V. 72, p. 1080; V. 76, p. 1355;
V. 78, p. 2011, 2441; V. 79, p.. 151, 268, 627, 680.
Detroit A Toledo Shore Line RR.— Extends from Toledo to
of) Detroit, 48 miles, of which 19 double track; laid with
80 lb. steel rail. Road opened Sept. 8, 1903; trackage over Toledo
(suburbs
& Terminal Co., etc, 31 miles; total. 79 miles. See V. 78, p. 2598.
The Grand Trunk Western Ry. and the Toledo St. Louis & Western RR.
own the entire stock and Jointly guarantee the bonds, principal and
Interest, by endorsement. See form of guaranty, V. 76, p. 653. Of the
bonds $1,000,000 are reserved for extensions and improvements.—
President, T. P. Shonts.— (V. 77, p. 88, 250, 628; V, 78, p. 2442, 2598.)
Dominion Atlantic Ry.— (V. 72, p. 86, 1279; V. 78, p. 1392.)
Dominion Securities Co.— Organized in May, 1901, under New
Jersey laws. Owns 90 per cent of the stook of the Cape Breton Ry,
(V. 73, p. 183,392), 60 percent of the stook of the North American
Ry.
Lumber & Pulp
Co. (V. 74, p. 887, 991), etc See V. 74, p. 986, 1139.
In June, 1902, a reorganization committee, James G. Cannon, Chairman (Metropolitan Trust Co., N. Y., depositary), requested deposits,
but no plan had been arranged to July, 1904. V. 74, p. 1251, 1308.
Stock outstanding, $1,681,800, par $100. Office, 22 Pine St., New York.
— (V. 74, p.
131-8; V. 75, p. 29, 441.)
Dubuque & Sioux
City till.— (See Map of Illinois Central)—
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; Tara Station, near Fort
Dodge, la., to Council Bluffs, 130 miles; total owned, 730 miles.
Organization.— Controlled since April, 1887, by the IU.Central RB.,
which owns all exoept a few hundred shares of the $15,000,000 stock
(as Increased June, 1900). and has issued Its own bonds on the road;
the only D. & 8. C. bonds held by the publio are the 7s Issued under
Iowa Falls & Sioux City mortgage, $2,800,000. Modification of lease
July 1, 1904. V. 79, p. 1274.
Owns Dubuque,
—
RAILWAY STOCKS AND BONDS.
Oct., 1904.
RAILROADS.
Miles
Date
Size, or
East Tenn.dtW.N. Oar — 1st M.$250,000.«uP.cur.c
31
1881
100
,
,
—
8,500,000
1884
100
75 la
Klmira <£ Lake On/.—Sodus Bay <fe So.— 1st M. g. U no
Klmira dt Williamsport—SVli, com. 5 p. o. ren'l, N. C.
Preferred stock, 7 p. o. rental, 999 yrs., No. Cent.
1st mortgage
c*
Income bonds, 99 years to run
Erie <6 Pitts.— Stock, 7 p. o. rental,999 yrB.,PennCo.
General mort. (now 1st) $4,500,000, g., guar.Un
Erie Railroad Company Common stock
2d pref. stock, 4 p. o. non-oum
1st pref. stock, 4 p. o, non-oum..
1,000
1,000
50
50
75ia
1860
1863
"*85
85
1,000
1890
75 "a
1.000
.
Consolida TED.
447
N.Y. &E. lstM.,Pierm. to Dun., ext.,'97, gold..c
447
o*
2d mortgage, (extended in 1879) gold
o*
447
3d mortgage, (extended in 1883) gold
4th mortgage, (extended in 1880) gold
c*
475
5th mortgage (extended in 1888), gold
o*
475
Erie R'y,lstM.,Buff. Br. Hornellsv. to Attica.g.o*
60
1st consol. mort., $30,000,000, gold, $&*.F.c*
526
526
N. Y. L. E. <fe West, funded coupon bonds, gold.c*
Bufl. N. Y.
Erie, 1st M. (Buffalo to Corning.. o*
140
Buff. & Southw., 1st M., Buff, to Jamestown, g.o*
67
Newburg & N. Y. 1st M., g extended in 1889.0*
12
It— Bonds on Properties Controlled by OWNE
<fe
,
*Bergen Co. RR., lstM.,Ruth. Jo. to Ridgew. N.J.
*Ch.&Erie 1st M.,g.(Marion,0.,to Ham'd.IndCe.o"
Chicago & Atlantio Terminal, 1st mort., g.Ce..
tElmira State Dine Railroad, 1st mortgage
ffGosb. & Deck't'n, 1st <fe 2d M's., ($60,000 are 2d)
Dividends 8INCE 1894—1895, Dec, 1
3; 1901, l^; 1902, Jan. 1.— (V. 70,
;
1900,
&
Iron Range
500
50
100
100
100
A— Old Bonds Assumed— Roads
,
1847
1849
1853
1857
1858
1861
1870
1878
1876
1877
1868
RSHIP
10 1881
250 1890
1888
1875
1,000
1,000
1,000
1,000
500 &o.
200 &c.
1,000
500 &c.
1,000
50 Ac.
1,000
1,000
1,000
1,000
500 &o.
'68-'69
RR.— Owns
Duluth to Ely, Mian., 119
Mesaba Range Mines, Fayal, etc. 65 miles. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
Stock, Etc.— Stock authorized, $10,000,000, outstanding $3,000,000;
Ear $100. Land grant from Minnesota about 506,000 acres, of which
01,790 acres had been patented to it prior to April 30, 1895; V. 64, p.
1041. Federal Steel Co. (see U. S. Steel Corp.) owns the stock and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile fo
construction and $7,000 for equipment. Dividends prior to 1900 aggregated lOOJp.c; in 1901-2. 6 p. o in 1903-4 from accum. sur., 150%.
For year ending June 30, 1904, gross, $4,003,215; surplus over
charges, $1,032,470. In 1902-3, gross, $6,029,939; net, $3,578,294;
other income, $3 2,827; interest, $606,600; depreciation funds, $448,351; balance, surplus, $2,566,170.— (V. 67, p. 71.)
,
;
Duluth Missabe & Northern Ry.— Owns from Duluth to Moun-
77 miles; branches and spurs. 76 miles; trackage to
Union Depot, Duluth, 2 miles; total, 155 miles. Entire $2,512,500
stook and $2,047,000 of the bonds are owned by Lake Superior Consolidated Iron Mines, and so by United States Steel Corporation with
$1,100,000,000 of capital stock. V. 72, p. 1038. In 1903-4 paid dividend of 150 p c. from accumulated surplus.
For year ending June 30, 1904. gross, $3,701,416; sur. over oharges,
tain Iron, Minn.,
i
$1,142,431. In 1902-3, gross, $5,116,530; net. $3,215,246; other inc.,
$20,036; oharges, $838,627; bal.,snr., $2,396,655.— (V. 78, p. 287.)
Duluth South Shore Atlantic Ry.— Operates Duluth to Sault
"Soo" Junction to St. Ignace, 43 m.; other, 121
Bte. Marie, 415 miles
m.; total, 579 miles, including 10 miles of trackage.
Capital Stock.—Common stock is $12,000,000 preferred, $10,000,000 par both $100. Preferred stock is 6 per cent, non-oum. Canadian
Pacific Julyl, 1904, owned $6,100,000 com. and $5,100,000 pref. stook,
$3,000,000 incomes and $15,107,000 consols.
Bonds,
Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent,
guaranteed by Canadian Pacific, which July 1, 1904, held the entire
outstanding issue [$15,107,000] in its treasury as security for its 4 p. o.
debenture stook consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
General Finances.— Of the tonnage in 1903-04, ores furnished 41 p.
0., lumber, etc, 31 p. c
Latest Earn's.— 2 mos., > 1904
Gross, $474,137; net, $178,624
Gross, 534,219; net, 212,598
July 1 to Aug. 31.
S 1903
Surplus over charges, $2,120 in 1904, agst. sur., $38,144 in 1903.
Report.—Fiscal year now ends June 30. (Report for year ending
June 30. 1904, in V. 79, p. 1326.)
Interest.
Balance.
Cross.
Net over taxes. Oth. inc.
Tear.
1903-4. $2,524,612
$564,764 $11,484
$859,700 def. $283,452
1902-3.. 2,772,134
def. 31,204
813,831
14,665
859,700
President, W. F. Fitch, Marquette, Mich.-(V. 79, p. 1023, 1326.)
Duluth Virginia &: Rainy Lake Ry.— Projected from Virginia,
Minn., northerly to Koochiching, 97 miles, with branohes, of which 25
miles from Virginia to Ashawa was in operation in April, 1904.
Stock authorized, $2,000,000. In March, 1902, filed a mortgage to
the Minnesota Loan & Trust Co. of Minneapolis, as trustee, to secure
$2,000,000 bonds, of which $1,500,000 are issuable at $15,000 per
President,
mile of single track and remainder for rolling stock, etc
Wirt H. Cook; Secretary, Frank W. Heimick.— (V. 74, p. 679, 936.)
&
;
;
;
&c—
;
Dunkirk Allegheny Valley & Pittsburg.— Owns from Dun
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation in 1872"
Operated since Oot. 1, 1901, by the Lake Shore & Mich. So. Ry. for
account of New York Central, to which leased for 500 years from
1873 at l^ p. c on stock. Capital stock, $1,300,000, N. Y. Central &
Hudson River Co. owning $1,067,600; par, $100. For year ending
June 30, 1904, gross, $292,42* net, after deducting taxes ($13,143),
$62,481: oharges and dividends, the latter, $19,500 (lia p. c), paid by
N. Y. Central.-(V. 70, p 1290.)
;
East Broad
Top RR.
&.
Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, Shade Gap RR., 11 miles,
and branohes to mines, 3 miles The Shade Gap RR. was to vote Aug.
15, 1902, on consolidation. See V. 75, p. 77. A coal road, opened in
1874. Stock $815,589 (par $50), of which $247,189 is 6 p. c pref.;
ourrent liabilities June 30, 1903, $386,236. First mortgage 4? ($500,000) due July 1, 1903, remain unpaid; no int. paid thereon since-Ian.,
1885. Other bonds, $42,400. int., 6 p. c, payable M.-N. Year 1902-03,
bal., deficit,
fross, $116,960: net, $8,279; interest, etc, $24,674
16,395. President, Wm. A. Digham.— (V. 77, p. 145).
Pearl River, La., to Covington, 24 miles,
East Louisiana
branch, Mandeville Jet. to Mandeville, 12 miles; total, 36 miles. In
Sept., 1904, negotiations were pending for sale of control to the Great
Southern Pine Co. V. 79, p. 1023. Stook. $1,000,000; issued, $340,300; par, $100. Year to June 30, 1903, gross, $87,311; net, $5,690;
total deductions, $3,919; bal., sur., $1,771. President, F. B. Hayne,
New Orleans. La.; Treas., C.K. Mulllngs, Covington, La.— (V. 72, p. 87;
V. 79, p. 1023.)
East mahanoy RR.— Owns from East Mahanoy Juno, to St.
Nicholas and branches, 11 miles.
Re-leased Deo. 1, 1896, for 999
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per oent on stook;
.
;
RR.—
5
g.
& N.
J. & J.
M. & N.
J. & J.
J. & J.
A. & O.
Q.-M
J. & J.
4 g. M.
5 R. M.
4 lag M.
5 « A.
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000
(*)
OR A
4
KK7 g.
4
N. Phlla. Gu. T.
<fc
M.
5
500,000
5
500,000
500,000
7
963,000
6
570,000
5
7
2,000,000
3ia
4,287,000
112,378,900
16,000,000
47,892,400 4 in 1904 F.
OF ENTI RE
'96, 3; '97, 2; '98,3i«; *99, lia;
p. 1290.)
miles, with branches to
M.
$250,000
3,477,300
1891
Eastern Kentucky Ry.— Stock ($1,779,500 is pref.)
Eastern Ry, of Minnesota— See Great Northern.
181
Klffin Joliet <e Eastern—1st M. ($10,000,000) g.Ce.o*
Klmira Cortland <& Northern— See Lehigh Valley RR.
1791
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Payable
Whom.
Cent.
Amount
of
of
Par
For explanation of ooluinn headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Duluth
:
J.
J.
M.
&
&
&
&
&
&
&
&
&
&
&
N. Y., Nat. Bank Com.
Phila., Broad St. Sta.
1905
May
1,
1941
July 1, 1924
Nov., 1904
do
do
do
do
do
do
July, 1904
Jan. 1, 1910
do
do
July
Oot. 1, 2862
N. Y., Union Trust Co. Sep. 10,'04,1%
Morgan & Co.
St.
May
Elmira.Chemung Co. Bk Oct.
J.
S.
g-
A.
5 g.
5 tt
7
J.
6
Various
S.
D.
J.
J.
(J)ofCa
O.
N.
<fe
&
&
&
1,
1,
Sept. 1,
Mch.
1,
1,
June 1,
July 1,
Sept. 1,
Sept. 1,
June 1,
July 1,
Jan. 1,
Oct.
(ID
St.
1940
Sept. 7, '0 4, 2
J.
D.
<fe
5 g.
A.
1,
O.
O.
M.
M.
Nov.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
pital Stock, or by
N. Y., 21 Cortlandt
do
do
do
do
S.
S.
6
M
200,000
12,000,000
300,000
160,000
246.500
pal.When Due.
Stocks—Last
Dividend.
& S. D. Co.
N. N. Y., 21 Cortlandt
J.
J.
J.
7
6
by
N. Y., 71 Broadway.
A. N.Y..J.P.
«
7
Bonds— Pnnoi-
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
Lease.
Apr. 1, 1911
May
1982
1918
1905
1928- 29
July
1,
1,
1,
and lease assigned to Phil. & R. Ry. Of the stock $283,650 is owned,
$280,000 being deposited by Reading Co. under its general mortgage.
East Pennsylvania RR.— Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track 18 miles; all track 76 5 miles. Leased for 999 yrs.
from May 1, 1869, to the Philadelphia <te ReadDag RR. at a rental of 6
Lease asper cent per annum on the stook and interest on the bonds.
sumed in 1896 by the Phila. & Reading Railway Co. Of the stook
Reading Company, $875,000 of whioh is de$878,850 is owned by the
posited under its general mortgage of 1897.
East Shore Terminal Co.'s Kit.- See Charleston Terminal Co.
Georgia.— See Southern Ry. Co.
East Tennessee Virginia
-
East Tennessee
&
& Western North
Carolina RR..—A
nar-
row-gauge road from Johnson City, Tenn. to Cranberry, N.C., 34 miles,
including 3 miles leased. Stock ,$501,900. Extension from Johnson
City to Elizabethton, 10 miles, to be operated as third rail electric
road, is under construotiond. For calendar year 1902-3, gross, $155,,
962; net, $61,059.
Eastern Kentucky Ry.—Road from Riverton
to Webbville, Ky.,
Chartered in 1866 and opened through in 1889. Stook is
common $1,697,800; preferred $1,779,500. There are no bonds. Bills
and acoounts payable June 30, 190 1, $38,034. Earns, for year 1903-4,
gross, $63,612; net, $4,689. In 1902-3, gross, $66,594; net, $1,977.
Eel River RR.— See Logansport & Toledo Ry.
36 miles.
Elgin Joliet & Eastern Ry.— Owns from Waukegan, 111., on
Lake Miohigan, via Spaulding and Joliet, to Porter, IndL, 130 miles,
and branohes Normantown to Aurora, 10 miles—Walker to Coster, El.— 32 miles; Hammond to Whiting, Ind., etc, 9 miles; total
main line owned, 181 miles; spurs to coal mines, etc., 16 miles;
trackage (L. N. A. & Chicago, 9ia; Chioago & West Indiana, 48; Belt
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 93 miles,
total track operated, 320 miles.
Organization.— An outer belt line at Chioago for transfer of freight
without breaking bulk.
Also reaches coal fields. Entire capital stook
and so by United States Steel Corporation.
Stock.—Stook, $6,000,000, par, $100. Dividend, 4 p. c yearly (in
December) in 1899 to 1903, Inclusive.
Bonds, Etc.— First mortgage balance unissued can be disposed of
for extensions, betterments, etc
Report- For year ending June 30 earnings were
Cross.
Tear.
Net.
Oth. income.
Interest, etc.
Surplus,
1902-3... $2,196,418 $671,295
*$468,570
$13,089
$215,814
1901-2... 2,178,484
795,800
19,225
404,544
410,481
'Includes $47,250 for equipment funds in 1902-3.
owned by Federal
President, A. F.
Steel Co.
Banks.— (V.
74, p. 151, 205; V. 75, p. 1399.)
Elmlra Cortland & Northern Ry.— (See Map Lehigh
Valley.)—
Owns Elmira, N.
Y., to Canastota, N. Y., 118 miles, and leases during
oorporate existence, Canastota Northern, Canastota to Camden, N. Y.,
21 miles. In 1896 the $2,000,000 stook was purchased and 5 per
oent bonds were guaranteed by the Lehigh Valley and the road leased
999 years to the Lehigh Valley Ry. of New York, a
in July, 1903, for
subsidiary company.
(V. 63, p. 402.)
Lake Ontario RR.— Owns from Canandaigua, N Y., to
Chemung Junction, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in Deoember, 1886, of the Sodus Bay
& Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stook. Lease may
Elmira
&.
;
;
be terminated on thirty days' notice. Year ends Deo. 31.
Earnings.
Cross.
Net.
Inlerest,&c.
Balance1903
$944,437 op.def.$6,769
$93,777 def $100,546
1902
828,244
88,790
68,089 sur.
20,701
Elmira
William* port
Owns from Williamsport, Pa., to
Elmira, N. Y., 7513 miles. Leased to the Northern Central Railway
for 999 years from May 1, 1863. The dividends on the common stock
are 5 p. 0. and on the preferred 7 p. c, less taxes, making dividend on
oommon 4-52 per cent and on preferred 630 per oent. Year ending
Dec. 31, 1903, gross, $1,474,246; net, $262,324; rental, $199,511.
El Paso
Northeastern
See New Mexico Ry. & Coal.
Erie & Central
York
Cortlandt, N. Y., to Cinoinnatus, 18 miles. Tn Dec, 1903, the Delaware Lackawanna <& Western
acquired all the stock and bonds. For 7 mos. ending June 30, 1904,
gross, $15,684; def. under oper. exp. and taxes, $9,291.— (V. 77, p.
2035, 2159.)
&
&
RR.—
RR.—
RR.—
New
RR.—
Erie &. Pittsburg
Owns New Castle, Pa., to Girard, Pa., 81
miles; branch, to Erie Docks, 3 miles; trackage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
years from March 1, 1870, at a rental of 7 per cent on stook and
interest on the bonds, and the lease transferred to the Pennsylvania
Company. Tax suit, see V. 71, p. 135.
Earnings.—The lease was unprofitable to the lessees In former years,
the deficiency being in 1898, $137,967; but in 1899 profit, $32,873; in
1900, profit, $118,216; in 1901. profit, $307,498; in 1902, profit,
$254,142; in 1903. profit, $197,549— (V. 71, p. 135.)
Erie Railroad.
See
Map on
adjoining page.— FTibraoes trunk
line from Jersev City, opposite New York City, to Chicago, 111.,
miles, andbranones 1,317 miles; total, 2,315 miles; second track,
miles ; 3d and 4th tracks, 33 miles; total, 3,090 miles.
998
742
RAILWAY STOCKS AND BONDS.
179:2
RAILROADS.
explanation of column headings,
on
first
page of
<fee.,
Miles
of
see notes
Date
of
Size,
or
Amount
Par
Road. Bonds Value. Outstanding
tables.
— (Concluded) —
B— Bonds on Properties Controlled bt O WNER
Brie Railroad.
8HTP
f Entir
[Vol. lxxix.
Bonds— PrtnolINTEREST OR DIVIDENDS.
pal,when Due.
Rate Per When Where Payable, and by Stocks— Last
b(*)oraMaj oritt
(J)
& J.
A. & O.
A. & O.
Various
M. & N.
M. & N.
J. & J.
M. & N.
J. & J.
M. & S.
J.
1,000,000
f> g35.O00.000
4 g39,044,000
4g.
1901
33.000,000
4 g.
g.,conv.int.com.Btk.S«io*<fcr
1903 l.OCO&o
3,500,000
4 g.
1st eon v.M., $50,000,000,
inol., part pd. an.o*
1,000
136.320
5
N.Y.L.E.& W. oar tr.,B. to G.
'88-'90
£100
825,527
Ohio eq. trusts, snk. fd. 3?,, dr'n at 100
5 g.
N.Y.Pa. &
1900-4
4,474,464 412 & 5 g.
New Erie RR. equipm't trust, gold, part yearly.
Avon Geneseo & Mt. Morris and Rochester & Genes see Va lley Sto oks—See th ose Cos.
Burelea Springs— See St. L. & No. Arkansas RR.
40 1879
1,000
251,000
7
Evansmlle dt Indianapolis— T.H.& South. IstM.Fc*
1,000
55 1884
647,000
Evansville & Indianapolis 1st M., gold, guar.F.o*
6 g.
>
1,000
Con.M.($2,500.000)g.gu.p.&i.(end.)E.&T.H.Fo
135 1886
1,602,000
6 g.
50
3,987,383 1*3 In '01
Evans. <& Terre Haute Common stock, Col
50
1,283,333 5 in 1904
Preferred stock, non-cumulative. See text. Col
115 1880
1,000
30,000
6 g.
Consol. mortgage (1st lien) gold
0*
144 1881
1,000
3,000,000
1st consolidated mortgage, gold.F
6g.
25 1883
1,000
Mt. Vernon Branch mortgage, gold
F.o*
375,000
6 g.
J.
J.
J.
8
37
1889
1885
1,000
1,000
'66-'67
52
34
N.Y.L.E.&W.C.&RR.lstM.,"lawfulmon."Mpo
*N. Y. L. E.&W.D.&I.Co. Is M..V. 56,p. 82.P.O*
gold, $ & £.F.o* 422
*N. Y. Pa. & Ohio, prior lien
Do. Leased lines see separate statements for Clev.
M
'67-'69 $500<fcc.
1896
1880
1892
1882
1883
1880
100 Ac.
500 &c.
500 <feo.
1,000
1,000
500, &o
AMah. Valley
H N. Y. Susquehanna & Western— Northern New Jerse y-Tio ga RR.
C— Erie Railroad Company New Bonds.
c*
—
,
2d mort. on Buffalo & South west'n, gold.. Mo.
F.o*&r
Prior lien bonds, $35,000,000, gold
Gen. lien, $140,000,000, g. 3 % to July, '98).o*<fcr
Pa. ooll. tr. M., $36,000,000, g., s. f„ text.Me. -0<fcr
67
1895
1895
1895
1,000
1,000
1,000
l.OOO&c
—
Miles.
Lines owned in fee.
Piermont, N. Y., to Dunkirk... .447
Buffalo to Jamestown, N.
Buffalo to Corning, N. Y
Y
Leased
lines.
Avon Gen. & Mt. Morris
67 Montgomerv & Erie
Miles.
TF15
if 10
140 Northern RR. of N. J
fl26
139 Goshen & Deokertown
1112
Other branches
Roch. & Genesee Valley
Slock all * or nearly all 1 owned.
IT 18
43
•Chicago & Erie RR
1T250 Other lines
Leased to Nypano RR.
'Jefferson RR
H45
N. Y.& Greenwood L. RR ... 1152 Cleve. & Mahoning Valley RR. 1181
1132
[New Jersey & New York RR. 1T38 Sharon Railway
59 Other lines
54
Erie & Wyoming Valley RR..
167
•Nypano RR
11422 Trackage
58
[Tioga RR
If See this company.
140 Lines in system June 3O.'04. 2,315
Other lines
N. Y. Susquehanna & West.. 238
History.— On Dec. 1, 1895, succeeded to the property of the old New
York Lake Erie <fe Western RR. Company, sold in foreclosure on Nov.
6 under its second consolidated mortgage. The new company holds in
fee or through ownership of all or practically all the stock of the independent companies, the line from New York to Chicago (including the
Nypano RR. and Chicago <fe Erie companies) and also all branch and
subsidiary lines except a few small properties. The reorganization
plan of 1895 was in V. 61, p. 368.
In January, 1898, control of the N. Y. Susquehanna & Western was
obtained, v. 66, p. 83, 335. 573, and editorial p. 53. See Stock below.
In Jan., 1901, entire stock of Pennsylvania Coal Co. was acquired,
the purchase including valuable coal mines. Erie & Wyoming Valley
RR.,Seranton, Pa.,to Lackawaxen 59miles. See Bonds below. V 71, p.
1219, 1311: V. 72, p. 44, li<6, 241, 532, 627; V. 73, p. 398. In 1901 an
Interest in the stock of the Lehigh V. RR. was purchased. V. 73. p. 391.
In Oct., 1903, acquired control of Bath & Hammondsport RR., 10
miles
V. 77, p.
Dividend.
OF Oapi TAL 8TOCK,OR BT
$300,000 4*2 & 6
2,800,000
5 g.
7,500,000
6g.
170,500
5
1,500,000
5 g.
400,000
6
629,500
5
1,100,000
6 cur.
3,396,000
6
4iflg.
8,000,000
RR. and Sha ron Ry.
-See each c ompany.
\Jeffers'n,l8t&2dM'e.,ex.in'87&'89(H'daleBr.>c
1st mort., Carbondale to S. depot, gold..FP.o*
•Long Dock Co.cons.M.,g.(now lstM.)(seetext)o*
flMont. <fe Erie, 1st & 2d morts. ($40,500 are 2ds)
HN.Y.&Greenw.L., Prior lien M.,$l,500,000.N,g.
JNew Jersey & N. Y., 1st M. (reorganization) . . .0*
Gen.M., $1,200,000 (red. 105 after 5 years). ..g
J
Whom.
Payable
Cent.
P.
A.
(U )
Le
Phila.. Fidelity Tr. Co.
N. Y., 21 Cortlandt St.
N. YyJ. P. Morgan Co.
N. Y., 21 Cortlandt St.
&
do
do
do
do
do
do
do
do
do
do
do
do
& J. N. Y., 21 Cortlandt St.
& J. New York & London.
& J. N. Y.. 21 Cortlandt St.
do
& A
do
do
do
& O.
do
do
London.
Various
Various
Various
&
&
&
M. &
A. &
J. &
J. &
A. &
M.
J.
J.
S.
J.
J.
New
N. Y.,
ase. —Ootid.
July
Farm.
L.
'27-'29
1, 1935
1926-27
May 1, 1946
May 1, 1910
Jan. 1, 1933
May 1, 1922
July 1, 1913
Mar. 1, 1935
Oct.
1908
1996
1996
1, 1951
1, 1953
Yearly to 1905
1908 & 1910
July
Jan.
Jan.
Feb.
Apr.
York.
do
do
1,
Jan. 1, 1909
1,
1,
1,
Yearly.
& Tr. Co.
do
do
Sept. 1,
July
Jan.
1,
1,
Mayl,
N.
O.
1909
1924
1926
'01,11*
Checks mailed.
Oot.15,'04,21*
J. N. Y., Farm. L. & Tr.Co. July 1, 1910
do
July 1, 1921
J.
do
O.
do
do
Apr. 1, 1923
The convertible 4s of 1903 ($50,000,000 authorized issue) will be
issued from time to time as required and may be made convertible
into common stock at a price to be fixed when the bonds are issued, but
not less than $41 Sr per share; they will cover all the company's property subject to underlying liens. The first $10,000,000 for improvements and equipment is convertible on basis of $100 bonds for $200
stock from April 1, 1905, to April 1, 1915. V. 76, o. 382. 541.
Real estate mortgages outstanding June, 30, 1904, *766,850.
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 } (except N. J. & N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
Long Dock 6e see March, 1894, Supplement under N. Y. L. E. & W.
For N. T. Lake Erie <6 W. Goal <k RR., see Sop. January, 1895.
Finances.— In 1903-04 $1,360,000 general lien bonds were Issued
for construction, etc V. 79, p. 1647. In Au*., 1903, the dividend
rate on iirst preferred was increased to 4 p. 0. yearly. See above and
V. 73, p. 137. As to purohase of one- third interest In majority Hooking Valley common stock, see that company. The voting trust was
dissolved May 1, 1904.
In 1903-4 $3,500,000 convertible 4 p. o. bonds (of $10,000,000
sold) were Issued for improvements and equipment. V. 76, p. 382,
541; V. 78, p. 768.
EARNING8.-2 mos., )1904
Gross, $8,034,325; net, $2,802,888
July 1 to Aug. 31. J 1903
Gross, 8,883,852; net, 3,117,891
Annual Report.— Fiscal year ends June 30. Report for 1903-4 given
in full in V. 79, p. 1635, 1645;
see also editorial on page 1611.
Average freight train-load, 428-78 tons, against 432 68 in 1902-03.
*1901-2.
*1902-3.
*1900-1.
U903-04.
Miles operated
2,153
2,150
2,154
2,156
Gross earnings
$45,20 1 1 63 $45,830,413 $40,89 4,434 $39,102,302
Working expenses.. 32,581,838 29,925,758 27,927,098 28,406,974
,
1225
Coal and Steamboat Property.—The
Erie coal properties represent an aggregate of 10,500 acres of anthracite, of which about
9.000 acres are held in fee; also 53,000 acres of bituminous coal
lands held in fee 14,000 acres of bituminous held under mineral
Its coal tonnage In the year 1903-04 aggregated 15,010,294,
rights.
out of the 29, 35,105 tons hauled. The Union Steamboat Line (merged
In Erie RR. Co. June 30, 1896), has terminal, etc, properties in
Buffalo and 8 lake steamers. See V. 63, p. 51 4. The Fenn. coal properSee above.
ties acquired In 1901 are additional.
Stock.—The voting trust was dissolved May 1, 1904. V. 7«, p. 1549.
The prior lieu and the general lien bonds of 1895 have 10 votes 'or
each $1,000 of principal, th«'ir authorized issues aggregating $175,000,000, of which $74,044,000 outstanding in Jul.v, 1904. The company
reserves the right to redeem either class of its pref stock at par in cash.
Provisions of pref. stock were in Supplement of April, 1897, page 3.
In Mar., 1898, Erie 1st pref. stock was increased from $30,000,000 to
$43,000,000. and common stock from $100.000000 to $113,000,000. to
acquire New York Susq. & Western stock.- See V. 66, p. 335, 573. The
1st pref. stock was further increased in 1901 $5,000,000 In connection
with the purchase of the Pennsylvania Coal Co. V. 72, p. 136, 532.
Dividends, p. c.
1901.
1902.
J 903.
1904.
:si«
On 1st preferred., s
3
4
l*a
Bonds.—The new first consolidated mortgage is for $175,000,000
[Farmers' Loan <fe Trust Co. trustee]— see a bxtract of deed V.62, p. 89,
and secures !$35,000,000 prior lien and $140,000,000general lien bonds.
Both ceries have voting power; see "stock" above.
Of the $140,000,000 general lien bonds, $92,073,000 are reserved for
Che ultimate acquisition of bonds and guaranteed stocks left undisturbed on various parts of the system [see list V. 62, p. 89], and $17,000,000 were reserved for new construction, betterments, addt ions,
etc.. after 1897, not over 81,000,000 to be used In any one year.
The position of the first consolidated mortgage is substantially as
follows: It Is a first Hen [mortgage or collateral, the prior lien bonds,
however, preceding the general lien bonds] upon the company's chief
on»l properties (except Penn. Coal Co.), upon its water,transportacion
lines (including valuable terminal properties appurtenant thereto),
and upon a number of profitable local lines in New Jersey and near
buffalo; it is a second hen upon certain minor coal properties and
upon the railroads leading to all the coal properties, upon the terminals at Jersey City, upon the Buffalo New York & Erie Railroad
(tbe main line to Buffalo) and the Buffalo terminal properties other
than those upon which it is a first lien, and upon the entire line from
Salamanca to Chicago; It is a second consolidated mortgage upon
the lines between Piermont and Dunkirk (447 miles).
The collateral trust 48 of 1901 are secured by 51 per cent of the
entire New York Susquehanna & Western stock ($26,000,000 total
the Pennsylvania Coal Co. stock, and the stock
issue), all of
of the Erie <fe Wyoming Valley RR.. Soranton, Pa., to Lackawaxen, 65
miles, and Del. Val. <fe Kingston RR. Of the bonds $32,000,000 were
issued to aoquire these stocks (except N. Y. S A W., already owned),
»•
Net earnings.... $12,619,32 5 $15,904,655 $12,907,335 $10,695,328
Net coal comp's...x$l,993,911 x$2,670,290 x$l,702,491x$l,274,830
Other income
242,721
412,807
314,995
221,247
Total net Inc.
$15,026,043 $18,889,940 $14,912,543 $12,191,405
~ ,593,68s $8,461,375 $8,396,891 $7,541,730
Rentals
1,053,9*9
1,142,974
1,112,163
1,139,483
189,204
229,900
P.o. duel's'd lines.
215,696
223,409
Int. on equip, tr's
284,791
339,072
298,590
269,599
Miscellaneous
352.339
290,352
255,023
194,027
Add'ns & Imprv'ts.
2,377.855
1,540,320
249,501
Divs. on lstpf.... (4)1,915,696(812)1,676,234(3)1,436,772(112)718,386
Interest
.
.
remaining $4,000,000 (of which $1,000,000 has been issued) being reserved for Improvements to properties of which stocks aoquired. A
sinking fund of 10 cents per ton of coal sold purchases bonds at not
exceeding 105, otherwise to be applied to the drawing of bonds by lot,
all such bonds to be kept alive and the accruing Interest thereon to be
added to the sinking fund, which, It was estimated, will be sufficient to
retire the whole Issue at or berore maturity. V 71, p. 1219, 1311; V.
72, p. 44, and circular, p. 136, 532.257; V. 79, p 212. In 1901-4
$768,000 Included aboveas outstanding was purohased by sinking fund.
Balance, surplus...
$4,379,178
$1,096,036
$2,947,906
$2,104,771
1003-0* earnings compare with those of lBOB.o.i unit 1901-08 but not
those of lHOO-Ol, owing to cbaDges in methods of accounting.
x Represents the proHts of tne Pennsylvania Coal Co. for 6^ months ending
June 80, mm, and of the other coal properties for tbe two yea r s from July 1,
1899, to June 80, 1901. The corresponding Item mirier 1H!>9 00 embraces the Income from the latter properties for 1898-9; In the later three 3 ears profits for
the year of all coal properties, including Pennsylvania Coal Co., are included.
*
The
Officers— President, F
D. Underwood: 1st V.-P. and Gen. Solicitor
2d V.-P., G. A. Kiohardson; 3d V.-P H. R. ChamberV.-P J. M. Graham; Secretary, David Bosnian; Treas., D. W.
lain; 4th
Bigoney; Comptroller, M. P. Blauvelt.
DiKECTOKS.— Ciias. Steele, J. J. Goodwin, John S. McCullougn,
D. O. Mills, Alexander E. Orr, F. I). Underwood, Samuel Spencer,
Francis Lynde Stetson, Jeo. F. Baker, J. J. Hill, Norman B. Ream,
H. MoK. Tworablv, E H. Harriman, William C. Lane, Louis (,. Stanton,
Robert Bacon.— (V. 79, p. 212, 900, 1023, 1635, 1«46.1704>
G
F. Brownell;
,
,
&
KK.—
I n«l la napolin
Kvanmvllle
Owns Evansville to Terre
Haute. Ind. (via Worthington), 134 m.; leases branch, 12 m. A consolidation in 1885. Of the oonsols $898,000 held to meet prior liens. The
consols, and the bonds of 1924 are guaranteed by Evans. & Terre Haute,
which owns oapital stock, $2,000,000 Company owns no equipment.
In 1903-04, gross, $364,146: net, $75,913; other income, $12,845; Interest, taxes, etc., $179,146; bal.,deficit for year, $90,387.— (V.75,p.980.)
KvaiiKvillc
&
Terre Haute
Road owned and operated.
Evansville to Terre Haute..
Branches to Mt. Vernon, eto.
Evansville Belt (stock held) .
Miles.
109
50
5
It It.— The
system includes
Controlled op. separately. Miles.
Evansville <fi
Indianapolis
Evansville to Terre Haute
via Worthington, eto
146
Leased to other co.'s Rook-
—
Total in earnings
164
ville extension
In July. 1903, Chicago <fe Eastern Illinois interests acquired a
jority of the common stock. V. 77, p. 250.
DIV'DSCom. stock.
)
>
Pref. stock. )
'92
23
ma
'93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03
1904
2
3 l 1* None since.
7U 7*2t
112
4^
55
5
5
5
H Also 5 per cent In bonds. { Also sorip dividend.
On preferred 5 p. c declared In 1905— paid 2** p. 0. Oct., 1904,
and 2*8 p. o. April 15, 1905.
Bonds, Guaranties, Etc.— Certain Evansville * Indianapolis bonds
are guaranteed. See that company. General mort. 5s for $3,855,000
are held in trust to retire the ortor bonds and oar trusts at maturity.
Equipment notes June 30, 1904, $23 4,094.
p
•
OOT., 1904.]
RAILWAY STOCKS AND BONDS.
1793
RAILWAY STOCKS AND BONDS.
1794
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
of
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Etansv.dk T.H.fOon.j— 9ullivan Co.Coalbr.M.,g.F o'
1st general mortgage for $7,000,000, gold F..o*
199
92
Fall Brook— Stock ($500,000 Is 7 per cent, pref.)..
Fitchburg— Pref. 5 per cent rental
c*
Bonds, not mortgage
Bonds to State of Mass. 4 p.o. since Feb., 1897.0
Bonds ($1,500,000 due 1907, interest A. & O.).o'
c.tr
Bonds, not mortgage
Bonds, not mortgage
o*
o*
Bonds, not mortgage
Bonds, not mortgage ($2,750,000 are 4s of 1897)
Bonds, not M. ($1,775,0' are 3^s of 1901). .c&r
Bonds, not mortgage, $3 ,660,000
35
Troy & Boston 1st mort. (V. 53, p. 405)
....
Brookline & Pepperell plain bonds, guar. (end)..
Hint Pere Marquette—See Pebe Marquette Sta TEME
Florida Central <£ Pen.— See Seaboard Aib Line By.
60
Florida West shore— 1st mortgage, guar
26
Bonda Johnstown <£ Qloversv.—Con.M., $500,000..
26
lstconsol. refunding mort., $700,000, gold.N.o*
26
Gen. refunding M., $1,500,000,<V.71, p. 34) .N.o*
4
& Kingsboro 1st M., assumed
Johnstown G.
14
CayaduttaElec.lstM.,gu.,p.<fci.,byF.J.& G.N..,g.
,
<fi
lstcon. gen.ref.M. $7,000,000, g., red.l20.N.o*<fcr
Me.o"
1st M., $7,500,000, g
Ft. Smith
Fort Wayne <& Jackson Pref. stock, 5*$ p. o. rental
Ft. Wayne & Southio.—lst mort., $2,000,000, gold.
Fort Worth dk Denv. City— PI. stk. "stamp, ctfs." 4%
o*
1st mortgage, gold, $18,000 per mile
Fremont Elkh. & Ho. Valley— See Chic. & Nobthw.
Gainesville <6 Gulf— 1st mort., $150,000, gold.. .So*
Gainesville Midland—1st. M., gold, subject to call.
2d mortgage, gold, subject to call
&W —
—
Me
98
455
48
55
55
1890 $1,000
1892
1,000
50
100
1888
1,000
1887
*85-'87
1890
1894
1895-6
1897-8
1900-1
1904
1874
1891
1,000
1,000
1,000
....
1,000
Taxes and miscellaneous
Evansv. & Ind. dettoit
Dividends on pref erred
500
........
189,379
$10,486
$338,092
$214,596
Hillard; Directors
Davidson; Treas.. C.
Oct., 1903, V. 77, p. )2y4.-(V. 77, p. 296, 1294; V. 79, p. 1023, 1611.)
Evansvil le Terre Haute 6c Chic—See Chio. & East. 111.
Fall Brook Railway.— {See Map New York Central A Hudson
River RR.— Owns from Corning, N. Y.,to Antrim, ^a., 52 miles; branoh
to Ulysses, Pa., 40 miles; total 92 miles.
Lease.—The railroad and Its rolling stock was leased to N. Y. Central & Hudson River RR. for 999 years from May 1,11899, for $175,000
yearly, payable quarterly in gold, beginning Aug. 1, 1899. also taxes
and repairs, the leases of the Syracuse Geneva & Corning Ry. and
Pine Creek RR., formerly held, being canceled and new leases made to
N. Y. Central, whioh also assumed the guaranty of the $3,500,000 Pine
Creek bonds. The lease does not Include the coal properties of Fall
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per cent per annum on preferred and 6 p.
o. on common; since the lease, 7 per cent on preferred and 2^ per cent
Officees—President,
on common.— (V.
Farmvlllc
6c
W
A. J.
68, p. 379, 573, 773. 872.)
Powhatan RR.—V. 76, p.
653.
Albemarle.—See Sup. July, '01, and V. 69, p.743)
Fludlay Fort Wayne & Western Ry.— {See Map O. H. <6 D.)—
Owns from Ftndlay, O., to Fjrt Wayne, Ind., 80 miles. Sold at foreclosure July 6, 1903, to Cincinnati Hamilton & Dayton Ry. V. 77, p.
Fayettevllle
6c
V. 75, p. 1202; V. 75. p. 497, 978; V. 76, p. 1300. For year end.
30, 1902, gross, $111,788; oper., def., $2,200. (V. 77, p. 88, 695.)
System extends from Boston Mass. to Troy,
Fitchburg
N. Y., 190 miles; branches to Worcester, Bellows Falls, etc, 268 miles;
458 miles In all, of which 56 miles (Fitchburg to Greenfield) leased
Mass. and 8 m. from other oos.; second track 183 m.
from Vermont
Lease. Leased for 99 years from July 1, 1900, to Boston <fe Maine for
5 p.o. on pref. and 1 p. c. on common stock, payable quarterly [Jan. 1,
etc.], organization expenses, Interest on bonds, taxes, expenses of
The Boston & M. holds $5,454,550 of the $7,maintenance, etc
000,000 common stock, purchased with prooeeds of Its 3 p. 0. bonds,
at 90, the remainder being In the treasury V. 70, p. 76, 125, 176, 583,
1291; V. 71, p. 29, 543 ; V. 72, p. 532.
Bonds.— Debentures described In V. 60, p. 967. The stockholders
have authorized $3,660,000 3»* p. o. bonds to provide f«r various
bonds maturing up to June 1, 1905, Inclusive, and for additions and
improvements; sale of bonds was deferred in 1903 and again in 1904,
$4,432,000 one-year notes (maturlDg from Feb. to May, 1905,) being issued, against which are hela $772,000 Verm. & Mas^. 3*ss of May 1,
1903. V. 75, p. 611; V. 73, p. 1112, 1312; V. 79, p. 1266.
Annual Repoet.— Last report (for 1899-1900) was in V. 71, p. 909.
—(V. 76, p. 810; V. 77, p. 769, 823; V. 79, p. 1266, 1331.)
Merged In Pere Marquette RR.
Flint 6c Pere IHarq ticttc
88;
June
RR.—
&
—
RR.—
Florida Central 6c Peninsular RR.— See Seaboard Air Line Ry.
Florida East Coast Ry.—Operates from Jacksonville, Fla., via
366 miles
branches to Palatka, San Mateo,
Blue Springs to New Smyrna, Fla.,
98 miles; Tltusville branch, 48 miles; Jacksonville to Mayport, 25
miles; total, 484 miles. V. 69, p. 591. In Oot., 1903, extension was
completed trom Miami south 22 miles; to be extended 56 miles additional to Cape Sable. System owned by Henry M. Flagler.
June 30, 1901, stock. $1,000,000; $7,100,000 bonds Issued. In
Oct., 1902, filed a mortgage to the Colonial Trust Co. of New York,
as trustee, to secure $8,741,000 thirty-year 5 per cent bonds,
dated Jan. 1, 1903, a portion of the Issue to be presumably reserved to retire $7,100,000 existing bonds at or before maturity; V. 75, p. 906.
For year 1902-03 gross earns.,$2,018,207; net,$666,614,agst.$533,656
In 1901-02; charges $594,899.-(V. 61, p. 112, 470, 591; V. 75, p. 906.)
Florida Southern RR.—Merged In Atlantic Coast Line RR.
St. Augustine, to Miami,
•to., 17 miles; Atlantic
;
& Western,
Florida West Shore Ry.— V.
Fonda Johnstown
77, p. 695.
RR.—
Owns Fonda to
Northvllle (steam), 26 2 miles, Gloversvllle to Sohenectady (eleotric),
327 miles, double track; Johnstown to Fonda, 5 miles, Amsterdam to
Haicaman. 3 miles, city lines In Gloversvllle, Johnstown and Amster.
dam, 7 2 miles. Operates under lease branoh line Broadalbln Juno
tion to Broadalbin, 62 miles (steam); also local line Gloversvllle to
Johnstown, 4 miles (eleotrio); total, 91 4 miles of road (1241 m. of
track, of whioh 71*7 miles on private right of way and 197 miles on
-
6c
Gloversvllle
&
&
O. N. Y., Far. L.
do
O.
Q-F. 5
Q— J.
A.
J.
J.
Office,
Office, Bos.
Boston,
Tr. Co.
&
1,
Aug.
5,
May
Office.
do
do
do
do
do
J.
D.
Apr.
Apr.
1,
1930
1942
1904
M., Bos. Oct. 1, '04,
do
do
do
do
do
do
do
<feO.
&
&
<fe
do
Corning, N. Y.
Various
F. & A.
Various
J. & D.
M. & N.
Seml-an
Semi-an
A.
A.
1,000
2,500
$743,708
$337,950
77,672
64,054
(5%)64,167
Balance, surplus
7
5
A.
1899
1904
1904
$1,453,660
704,475
39,233
common
do
Depleted equipment.
573,000
100,000
A.
M.
S.
Seml-an
See text
J. & D.
$863,281
$798,922
$337,950
$339,497
90,276
88,982
34,090
90,388
64,167 (5%)64,167
(5%)
Total net Income
Interest on debt
$450,000
5 g.
2,672,000
5g.
5,000,000 See text
17,360,000
5
2,000,000
5
5,000,000
4
2,000,000
4
500,000
4
4ia
500,000
1,859,000
4
4,200,000
4
2.275,000
3ifl
See text.
3»fl
...»
840,000
4
1881 100 &o.
200,000
6
1897
1,000
500,000
4^ g.
1900
1,000
800,000
4 g.
1893
1,000
50,000
6
1892
1,000
350.000
6
1902
1,000
4,000,000
4*3 g.
1904
1,000
6,000,00)
4 g.
100
2,291,416
5ifl
1,000 V.78.P.1275
5 g.
100
2,539,992 4 in 1904
1881
1,000
8,176,000
6g.
$1,722,314
826,956
36,325
$1,725,189
775,360
23,562
Bonos— Frlnon
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend.
do
do
Feb.
1,
1,
in
1908
1937
1905&1907
June 1, 1920
May 1, 1914
1915 & 1916
do
do
do
do
1927-1928
Oct. 1,1920-21
July
Deo,
1,
1,
1924
1911
NT.
Gross, $1,725,189
Latest Earns.— 12 mos 51903-4
Gross, 1,722,314
July 1 to June 30.
1 1902-3
Annual Report.—Report for 1902-03 was given in V. 77, p. 296
1904.
1903
1902.
Tear end. June 30—
Gross earnings,
Net earnings
Other income
[Vol. lxxix.
150,000
175,000
50.000
6
6
6
g.
g.
e.
A.
J.
J.
J.
A.
M.
A.
J.
Y, Imp. & Tr. N. Bk. Apr. 1, 1921
N.Y.,N.Y.8eo.&Tr.Co. July 1, 1947
do
July 1, 1950
do
N. Y., Metropol. Tr. Co July 1, 1913
N. Y., Farm. L. & T. Co. Oct. 1, 1922
N.Y., N.Y. Sec. & Tr.Oo, Nov. 1, 1952
N. Y., Merc. Trust Co. Apr. 1, 1954
N. Y., Farm. L. & Tr. Co. Sept. 1, '04,2*
20 years.
N. Y., Morton Trust Co Apr. 1, 1904,
N. Y., Mercantile Tr.
Deo. 1, 1921
&
&
&
&
&
&
&
&
O. N.
&
J. N. Y..
J.
J.
J.
O.
N.
O.
Standard Tr. Co.
Savannah, Ga.
do
do
& O
<fe
O.
1929
Oot.
Oct.
1,
1,
IP 09
1909
A
streets and highways.
consolidation on Jan. 1, 1903, with the Amsterdam Street and Oayadutta Eleotrio railroad oompanles. V. 73, p.
31, 493,1355;
74, p.987; V.75, p. 1399. Stook $2,500,000; par, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stook of Edison Eleotrio Light
Power Co. (V. 71, p. 1167.) Da 1896 parties Interested in N. Y. Central entered directory.
Bonds.— Of the oonsol^i^s of 1902 ($7,000,000 authorized) $4,000,000 were Issued to retire Amsterdam Street RR. bonds and for construction; of the balance $1,850,000 Is reserved to retire prior liens.
V. 76. p. 265. Guarantees $30,000 Glov.
Broadalbln 5s.
Eabnings.—For year endinur June 30, 1904, gross, $603,601; net
$267,587; other Income, $71,974; charges, $288,9H5; balance, surplus,
$50.576.-(V. 76, p. 212; V. 78, p. 229; V. 79, p. 733.)
Fort Smith 6c Western
Operates Fort Smith, Ark., to
Guthrie, O. T., 216 m., of which Coal Creek, I. T., to Guthrie, 196 m.,
is owned and Ft. Smith to Coal Oreek,20 miles, is Kansas city Southern trackage, to be replaced by company's own road. The road will
develop coal properties at MoCurtaia, I. T., 40 m. west of Ft. Smith.
Henry C. Frick of Pittsburg, Pa., Is understood to be largely Interested.
Stock, S5.000.000, all outstanding par of shares. $100. Of the gold
4s of 1904 ($7,500,000 authorized) , $5,833,000 were issued In exchange for $5,000,000 old 5s, $100,000 are reserved to replace the 20
miles of trackage mentioned above. $400,000 for equipment, and
the balance for other purposes. In July, 1903, filed an agreement
for the purchase of equipment costing $438,000. V. 77, p. 88. For
year ending June 30, 1903 (120 miles), gross, $141,177; net. $76,405;
total deductions, $90,497. Pres. and Treas., A. C. Dustin, Cleveland,
O.— (V. 78, p. 1497; V. 79, p. 269.)
Fort
Owns Jackson, Mich., to Fort
6c Jackson
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore & Mlohigan Southern at a rental of $126,027, equal to 5>s
per cent on the preferred stook (see V. 56, p. 812), and after 1887 any
net earnings over 8 per cent on pref. stook to be paid as dividends on
common, but not exoeeding 2 p. o. a year. Common stook, $436,132.
V
&
&
RR.—
;
Wayne
Fort Worth
RR.—
Denver City Ry.— Owns
Fort Worth, Tex., to
stock and bonds of Ft. Worth & Den. Term. Ry.
Stock, Etc. —Colorado & South. Ry. owns a majority of $6,835,008
oommon. Pref. stook, "stamped," see V. 63, p. 1063.
Dividends.— On pref. 2p.o.Mar., '98; Mar.,*99,2p.o.; Apr., 1902, 2
p. 0. out of surplus earnings of the years 1899-1901; Apr., 1903, and
1904, 4 p. 0. each from surplus earnings of previous years.
Bonds.— Flnanoes readjusted In 1896. Plan V. 63, p. 75. Abstract
of mort. V. 45, p. 440. Equip, trust notes June 30, 1904, $271,552,
maturing $6,017 monthly to Aug., 1908.
Eabnings.— 2 mos., 51904
Gross, $383,046; net, $115,943
Gross, 522,0.=>5; net, 199,427
July 1 to Aug. 31. {1903
Annual Repobt.—Report for 1903-4 was In V. 79, p. 1637.
Tears end. June 30.
Oal. year.
1904.
1903.
1902.
1901.
Gross earnings
$2,496,617 $2,494,587 $2,262,123 $2,163,397
677,331
464,986
533,860
Net over taxes
561,373
11.248
17,534
Other Income
11,962
From total net Income as above In 1904 ($688,579), deduot Interest
on bonds, $190,560; oth. Int.. rentals, etc., $19,926; bal.,sur., $178,093.
Texline, 453 m.
6c
Owns
,
.
Frank Trumbull, Denver, Col.— (V. 79, p. 1637.)
6c Rio Grande Ry.— Merged in 1903 In the St.
Louis San Franolsoo & Texas Ry., a subsidiary of the St Louis & San
Francisco, refunding bonds of the latter being reserved to retire the
$2,923,000 outstanding Ft. W. & R. G. bonds at maturity.
Pres..
Fort Worth
Fulton County Narrow Gauge Ry.— See Apr 1900, Supp.
Gainesville 6c Gulf Ry.—Sampson City to Fairfield, Fla., 48
miles. Land grant, 480,000 acres. Stock authorized. $1,000,000; par
$100; issued July, 1903, $300,000. Loans and bills payable June 30,
1903, $56,590. Year endlngj une 30, 1903, gross, $58/749; net, $13,931.
President, J. M. Graham. Office, Gainesville, Fla— (V. 73, p. 616, 783.)
Gainesville Jefferson A Southern RR.— Sold in paroels In
foreclosure on July 5, 1904, and reorganized as the Gainesville Mid.
land Ry. and Monroe RR. V. 79, p. 151, 627.— (V 79, p 627, 733, 786.)
Gainesville IHldland Ry.— Owns Gainesville, Ga. to Jefferson
and Belmont to Monroe, 55 miles, to be standard gauged. Successor
&
Southern tty., sold in foreto a portion of the Gainesville Jefferson
closure July 5, 1904. V. 79, p. 151, 269, 500, 627. The Savannah
Tru«t Co. Is mortgage trustee. V. 79, p. 1266. President, Geo. J.
Baldwin; Sec. and Treas., E. L. Douglass.— iV. 79, p. 627, 1266.)
arrlsburg 6c San Antonio Ky.— (See Map South
Galveston
Pacific.)— Owns Houston, Tex.,toeast bank of Rio (Jr. River, 834 miles;
branohes. 73 m.; total, 917 miles. Operated by Southern Paolflo Company, which owns $27,054,400 of the $27,084,372 stook (par, $100).
Bonds.— First mort. has a sinking fund of 1 p. 0., but it is optional
with holders to surrender their bonds if drawn. Western Dlv. 2ds
by speoial agreement are treated as inoome bonds V. 58. p. 719.
H
Equipment bonds, $1,476,000
6s,
owned by
So.
Pac, due $82,000
semi-annually, Apr., 1905 to 1922. V. 76, p. 1300; V. 77, p 2160.
New Orleans RR. $2,On June 30, 1903, there was due the Texas
336,952. School fund claims, V. 64, p. 1137; V. 66, p. 471; V. 70, p. 686.
Gross, $4,221,191; net, $611,311
Eabnings.— 7 mos., > 1903-04
Gross, 4,014,019; net, 771,892
July 1 to Jan. 31. $1902 03
&
RAILWAY STOCKS AND BONDS.
Oct., 1904. J
RAILROADS.
Miles
For explanation of column headings, &o., see notes of
Road
on first page of tables.
Galveston Harrisb. dt S. Antonio—1st M.,g.,land gr.o
2d mortgage, Harrisb. and Houston to San Ant.o*
256
225
671
671
Date
Size,
or
'71-'80 $1,000
.
Am
—
,
Srand Rapids dt Indiana Ry.— Stock, $6,000,000.0'
o*
1st M., mostly l.gr.,g.,ext. in 1899
o*
1st mort., extended, gold, guar, by Pa. RR
0*
2d M., $5,000,000, g
100
335
335
387
1891
1891
1896
1,000
1,000
1.000
Year 1902-03, gross, $6,850.862 ; net, incl. other income, $571,333; charges, $1,453,233; bal., def., $881,900— (V. 77, p. 2280.)
Galveston Houston
«v
Henderson RR. of 1882.— Owns
from Galveston. Texas, to Houston, Texas, 50 miles.
Organization.—The M. K. & T. and International & Great North,
have had trackage rights since Deoember, 1895, under a contract
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. & H. bonds and an additional rental of
$24,000 per annum for dividends or other purposes— see V. 61, p.
1064; V. 63, p. 697. M. K. & T. owns 4,999 shares of G. H. & H. stock
—see V. 61, p. 1013. Stock, $1,000,000 par, $100. For year ending
Deo. 31, 1903. gross, including $124,000 for trackage as above, $382,;
127; net, $205,868; other income, $3,818 interest, $100,000; taxes,
$3,452; real estate and imp'ts, $63,396; balance, surplus, $42,838.—
(V.65, p.1114.)
Northern Ry.— Owns from Magers,
Galveston Houston
suburb of Houston, Texas, to Galveston 53 miles. Successor May 1,
1899, of Galveston La Porte & Houston Ry., sold under foreclosure.
Capital stock is $500,000; issued $200,000, of which the Southern
Pacific owns $198,000, together with all the bonds. V. 72, p. 287.
Year ending June 30, 1903, gross earnings were $1,189,343; net,
$394,425; charges, $83,303; bal., sur., $311.121.— (V. 76, p. 542.)
Genesee
Wyoming RR.— Retsof, N. Y., to Pittsburg & Lehigh
Jot., 11 miles; Retsof Jet. to Grelgsville, 4 m.; branch, 2 m,; total, 16
m. Stock, $500,000: par of shares, $100. Dividends from Oct., 1899,
to Oct., 1902, incl., 5 p. o, yearly; 1903, 8 p. c; 1904, 8 p. o.
Year
1902 3, gross, $127,246, net, $89,250; int. and taxes, $27,592; dividends (6ia%), $32,500; bal., $29,158. Pres't and Treas.. E. L. Fuller,
Soranton, Pa.; Sec, H. D. Fuller, 115 Broadway, N.Y.— (V. 76, p. Ii48.)
George's Creek
Cumberland.— See Apr., 1900, Supp.
Georgetown dc Western.— See Apr., 1900, Supp. (V. 75, p. 1354.)
Georgia Florida
Alabama Ry.— Owns Cuthbert, Ga., to
Tallahassee, Fla., 107 miles; in Oct., 1904, extension was proposed
from Cuthbert northerly to Columbus, .64 miles.
In April, 1904,
the Carrabelle Tallahassee & Georgia RR., Tallahassee, Fla., to
Carrabelie, on the Gulf of Mexico, 50 milex, was acquirer). The C. T.
& G. bad outstanding $1,000,000 stook and $500,000 6 per cent bonds
due 1914, int. due J & J. V. 78, p. 1549; V. 79, p. 151; V. 75, p. 29.
Stock, $350,000, all outstand'g; par, $100.
For year ending June 30, 1903, gross, $114,540; net, $27,426;
total deductions, $27,907; bal., def., $481. President, J. P.Williams;
8eo. and Treas., J. O. Hatch. Office. Savannah, Ga.— (V. 79. p. 151.)
;
&
&
&
&
Georgia Midland Ry.— Owns roadfrom Columbus to McDonough,
Ga., 98 miles. Leased from July 1, 1896, for 99 years to the Southern
Railway Co. for $49,500 annual rental (being Interest on the first mort?age bonds, etc.,) and $2,500 for Columbus terminal property. Stook
s $1,000,000, owned by Southern Railway Co.— (V 63, d. 361.)
Georgia Railroad.— Under this name are operated the lines leased
from the Georgia RR. & Banking Co.—which see.— (V. 67, p. 1360.)
&
Georgia Railroad
Ranking Company.—Owns from
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
ancf Athens, 58 miles; Macon & Augusta RR. (proprietary road) Camak,
Ga., to Macon, Ga., 74 miles trackage, 4 miles total, 307 miles.
Organization.—Owns also one-half the stock of the Western Railway
Of Alabama (the Central of Georgia Railway owning the other half),
and a 47 per cent interest in the Atlanta &West Point (whloh see).
Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,000 first mortgage 4i« per cents of Western Railway ofAlabama.
Da April, 1881, the railroad (307 miles) and its interest in the other
railroad companies were leased for 99 years to W. M. Wadley and
associates, for the Central of Georgia and the Louisville & Nashville, at
$600,000 per year, but In April, 1899, the L. & N. was held to have acquired all rights under the lease; the Atlantic Coast Co. in July, 1899,
acquired a half interest. V. 68, p. 722; V. 69, p. 385, 591; V. 70, p 125.
Deo 31, 1892, the banking department was turned over to " Georgia
Railroad Bank," a majority [$198,200] of whose stock is owned.
,
;
Dividends—
;
'82. '83 to '87.
'88.
'89 to Oct., 1904.
913 10*4 10 yearly 10%
11 p. o. yearly.
Earnings.— 307 miles, > 1904
Gross, $368,222; net, $86,211
July 1 to Aug. 31—2 mos. 5 1903
Gross,
354,856; net, 72,243
Railroad earns, for year ending June 30, 1904, gross, $2,418,283; net,
$658,169; divs. received. $132,509; rental to Ga RR.
B. Co., $600,000; oth. payments, $24,919; balance, sur., $165,759.— (V. 79, p. 1704.)
Georgia southern &. Florida Ry.— (See Map of Southern Ry.)Owns from Macon, Ga., to Palatka. Fla., 285 miles; on Nov. 1, 1902,
purchased Atl. V.
W. Ry., Valdosta, Ga., to Jacksonville, Fla., 107
miles; total, S92 miles. Also owns one-eighth of stock of Jacksonville Terminal Co. V. 77, p. 62rf.
History.— A reorganization of the Georgia S. & F. Railroad, sold in
foreclosure April 2, Y95. (Per plan in V. 60, p. 928; seealso V. 59,p. 551.
Macon & Birmingham Ry., La Grange to Macon, Ga., 105 m., is owned
by same interests, but operated independently. V. 78. p. 702. In Apr.,
1904, a one-half interest in the Kawfcinsvllle <fe Florida Southern Ry.,
Worth to Ha*kinsville, Fla., 44 miles, with branch irom Davisville to
Isaacs, 11 miles, was purchased, its $310,000 first mortgage 5 p. 0.
bonds being guaranteed principal and interest V. 78, p. 1781.
Dividends.— On let pref.,'96. 4 p. o.; '97 to May, 1 904, 5 p. o. yearly.
On 2d pf in '97, 2 p. c; '98, 3; f99, 3; 1900 to May, 1904, 4 p. o. yearly.
Since 1880, P. Ct.
>
'81.
S
&
&
.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks— Last
Rate
of
Par Outstanding
HoikIh Value.
Per cent. Payable
1880
1,000
1881
1,000
West.Dlv. lstM.,g.,SanA.toED?aso,636 m.&br.o*
1881
o*
1,000
2d mortgage (see remarks)
Equipment bonds, due $82,000 semi-annually. "50 1902
1,000
1883
1,000
Galveston Houston dt Hend. of 1882— 1st M., Me o*
56 1900
Galveston Houst. dt North.—1st M., $800,000. gold
16 1899
1,000
Genesee dt Wyoming R ft.—1st M., g., $500,000. K..
L ink Ry,
Georgia dt Alabama— Ga. Carolina dt North'n—See Sbab.
1901
1,000
Gi orgiaFlor.<t Alab.— 1st M., $550,000, g ..Wa.o" Text
98 1896
1,000
Georgia Midl'd Ri/.— 1st M., g., $1,650,000, Int. gu.
Georgia Pacific- See Southern Rt.
307
100
Georgia Railroad dt Banking Oo. Stock
c*
1897
1,000
Bonds, refunding, not mortgage, currenoy
o*<fcr
1880
1,000
Bonds, not mortgage, currency
1882-7 1,000
Bonds, not mort., our., $200,000 are 5s of '87c* &r
100
Georgia Southern dt Fla.—Com. stook, $2,000,000
100
1st pref., red. aft. June 1, 1905, $684,000, 5 p. c. Text
100
2d pref., $1,084,000, 5 percent
285 1895
o"
1st mortgage, gold. $4,000,000. ItlcBa
1,000
O'Ar
392 1902
1,000
1st consol.
$10,000,000, gold. IV
1902
Equipment trusts, $18,000 due semi-annually..
1,000
Gettysburg dt Harrisburg— Bo. Mt. 1st mortgage
1,000
1882
Gettysb'g & Harrisb'g 1st mortgage, old issue...
1,000
35 1891
Consol. mortgage, $565,000, gold, see text
1,000
125 1894
Gila Valley Globe dt Norlh'n— 1st M., g., text..I?Ip
1,000
are 2ds)
12 1888-9 500, &c
Goshen dt Deckert'n— 1st & 2d M. ($60,000
13 1892
Gouverneur dt Oswegatchie—lBfM..,g, gu. p.<fc i. Un.c
1,000
28 1899
Gr. Rap. Belding dt Saginaw— 1st mort., text, gold
1,000
M
Amount
1795
F.
$4,756,000
1,000,000
13,418,000
6,354,000
1,476,000
2,000,000
800,000
500,000
J.
5g. M.
6
6
5
5
g.
5 g.
5*
550,000
1,650,000
3g.
J.
A.
5
6
5&6
684,000 5 in 1903
1,084,000 4 in 1903
5 g.
3,801,000
2,000,000
4 g
4ia
2 S 8,000
5
100,000
6
250,000
5
215,000
5 g1,508,000
6
246,500
5 g300,000
260,000
5 35,791.700 3 in 1904
920,000
3»ag.
4,455,000
4>sg
4g.
3,962,000
J.
J.
J.
M.
M.
Dividend.
<fe
&
O. N.Y., J.
4,200,000 11 In '04 t Q.-J.
1,000,000
1,000,000
500,000
2,000,000
Whom.
& A. N.Y.,8o.Pac.Co.,&Bost. Feb. l, 1910
& D.
do
do
June 1, 1905
N N.Y.,So.P.Co.,120B'w'y May 1, 1931
& J.
July 1, 1931
& O. Owned by So. Pac. Co. Apr.,'05to'22& O. N. Y., Merc Trust Co. Apr. 1, 1913
New York,
& J.
Jan. 1, 1930
& O N. Y., Kniok. Trust Co. Apr. 1, 1929
& J. New York & Savannah. July 1, 1951
&
&
&
&
&
&
J.
J.
J.
P.Morgan &Co. Apr.
1,
1946
Augusta; mall'd to N.Y. Oct. 15, '04,2%
N. Y.,Am. Ex. Nat. Bk. Jan. 1, 1922
N.Y.,Am. Ex.Bk.&Aug. Jan. 1, 1910
All Augusta; 6s in N.Y. Jan. 1, 1922
N. Bait. M.T.&D.Co.&N.Y.
do
do
N.
May
5, *04, 2>«
'04,
July 1, 1945
July I, 1952
May,
2%
Balt.M.T.&D.Co.A N.Y.
do
do
&
M. & S. New York, B'air & Co. Mar.'05,Sep'12
A. & o. Phlla., Reading office.
Apr. 1, 1898
A. & O. Phila., P. <fe R. office.
Oct. 1, 1912
do
do
Various
Oot. 1, 1926
N. N.Y.8.Pao.Co.l20B'w*y Nov. 1, 1924
M. &
Various N Bk OrCo.Goshen.N. Y.
1928-29
J. & D. N.Y., Gd. Cent.8tation.
June 1, 1942
M. <fe S. Int'l Trust Co., Boston. Mch. 1, 1924
A. & O. Of., Gr. Rapids, Mioh. Oct. 25/04,1 ia
J. & J. N. Y., Winslow, L. & Co. July 1, 1S41
do
do
July 1, 1941
J. & J.
J.
J.
A.
&
J.
J.
Philadelphia. Pa.
O.
Oct.
1.
1936
Bonds.—Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers road from Macon. Ga., to Palatka, Fla., 285 miles, and provides also that the $684,000 first preferred
stock shall be a lien thereon second only to the bonds and coupons.
The unissued firsts are reserved for Did claims, improvements, etc.
The first consol. 4s of 1902 are for the authorized amount of $10,000,000; of which $4,684,000 are issuable to retire the $4,000,000
fives and $684,000 first preferred stock, and $3,316,000 are reserved
for future requirements. V. 75, p. 980.
Gross, $266,644; net, $61,194
Latest Earn'gs.- 2 mos., J 1904
Gross, 277,981; net, 64,444
<1903
July 1 to Aug. 31.
Annual Report.— Fiscal year ends June 30. Report for 1902-03
was In V. 77, p. 626. In 1903-4, gross, $1,693,541; net, $415,077: other
income, $16,338; int. on bonds, etc., $287,529; dlv. on stock $77,560;
$66,325. Pres., Samuel Spencer, N. Y.— (V. 79, p. 786.)
Carlisle to Gettysburg, Pa., 31
Gettysburg Harrisburg
miles; branoh to Round Top, Pa., 3 miles. The Reading Company owns
capital stook, $535,000 of which deposited
$540,700 of the $600,000
as part security for its general mortgage of 1896. The consol. 5s of
1891 were guaranteed by Phila. & Read. RR. (foreclosed co.).
Gila Valley Globe & Northern Ry.— Bowie, Ariz., to Globe,
125 miles. Stook, $2,000,000, of which Southern Pacific Co. owns
$1,100,000. V 71. p. 1314. Par, $100. The bonds, limited to $15,000
per mile ($1,508,000 outstanding), are guaranteed, prinoipal and interest, by South Pacific Co
V. 69, p. 27; guaranty in V. 68, p. 232.
Dividend.—Dividend, 1901, 4 p. c; 1902, Jan., 4 p. 0.; none since.
Earnings— 1 mo., 51904
Gross, $41,126; net, $13,603
July 1 to July 31. (1903
Gross,
net. ........
Year ending June 30, 1904, in V. 79, p. 1460, viz.: Gross, $467,047;
net, $246,08*; interest, $75,575; balanoe, surplus, $170,505. Sec. A.
C. Laird, Los Angeles, Cal.; Treas., N. T. Smith, San Francisco, Cal.—
(V. 75, p. 340; V. 77, p. 449; V. 79, p. 146u.)
bal., sur.,
RR.—
&
Gouverneur & Oswegatchle RR.— Owns from Gouverneur to
Ed wards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
Grand Rapids Relding & Saslnaw Rft.— Freeport to Beld-
ing, Mich.,28 mile. Mortgage is for $260,000 on 28 miles and$9,000 per
mile for additional construction. Leased for 30 years, from Jan. 1,
1900, to Per* Marquette RR. (which owns
covering interest.— (V. 70, p. 39.)
all
the capital stock) rental
Grand Rapids & Indiana Ry.— ("See Map of Pennsylvania RR.)
—Owns from Fort Wayne, Ind., to Mackinaw City, 367 miles Manistee
Branch, 19; other branches, 44 miles; total owned. 430 miles; operates
the following roads but has not assumed the old company's leases
thereof: Cincinnati Richmond & Fort Wayne RR., 86 m.; Traverse City
RR. (nearly all the stock and all the income bonds owned), 26 miles;
Muskegon Grand Rapids & Indiana RR.. 41 miles; trackage, 7 miles.
The Traverse City Leelanau & Manistlque RR., Traverse City to Northport, Mich., 30 miles, oompleted July, 1903, is to be operated for its
net earnings on fulfillment of certain conditions. See V. 74. p. 777:
V 76. p. 811; V. 78, p. 1444.
History.—Suocessor Aug. 1, 1896, of Grand Rapids & Indiana
Railroad, foreclosed under second mortgage per plan in V. 63, p. 153.
Stock.— 8tock, $6,000,000, of which Pennsylvania Company is supposed to own all or nearly all. V. 74. p. 95.
Dividends.—Dividend, 1 p.c, Apr., 1900; in 1901, 2 p. c; 1902 to
Oct., 1904, both inclusive, 3 p. c. yearly (A.
O.)
Bonds.—The first mortgage bonds extended at 4ifl per cent are endorsed with the guaranty of the Pennsylvania RR. Co. to purohase the
ooupons as they mature, and the bond itself at maturity. They have no
lien on land grant. See guaranty V. 56, p. 649
V. 69, p. 1193. Of
the 2ds $3,687,000 were owned Jan. 1, 1904, by Penn. RR. Real
estate mortgages, $150,000.
Earnings.- For 6 mos. ending June 30, 1904, gross, $1,512,847.
against $1,585,068 in 1903; net, $184,728, against $293,129.
Report.— Report for 1903 was in V. 78, p. 1444. In 1903 carried 2,238,082 tons freight, of which 45 p.o. was lumber, etc.and 14 p.c. coal.
Year end'g Dec. 31.
1903.
1902.
1901.
1900.
Miles operated
430
430
430
430
Gross income
$3,401,654 $3,196,738 $2,871,782 $2,661,433
Net over exp's& taxes
698,833
784,470
700.713
585,316
Interest charge for 1003, $391,085; oth. income, $131,592; dividend.
(3 p. C), $173,730; bal., surp., $2,425.— (V. 78, p. 1392, 1444.)
Grand Trunk Ry. of Canada.— Quebec Can. via Montreal, to
Chicago, m.; also to Portland. Buffalo, Detroit. Toledo, etc.:
&
;
,
system proper.
reported separately.
Miles.
2,9o7
Lines owned
I
|
Majority Stock Owned.
Central Vermont^.
Leased— partly owned—
Grand Trunk Western T
Atlantic & St. Lawrence, PortEntire stock owned.
land, Me., to Island Pond, Vt... 165 Detroit Grand Haven & MilT
Buflalo A Lake Huron
168 Tol. Sag. & Muskegon
Cincln. Sag. * MackinawT
63
Jointly owned
Other lines
216 Detroit & Toledo Shore Line
I
Total in earnings
ferry, Grand
Car
Haven
Miles,
581
836
189
97
79
Total road
4,794
3,583
TSee separate statement this Co.
to Milwaukee, opened Sept. lo, 1903.
ORGANIZATION.—A consolidation. In Aug., 1882.
1796
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1797
RAILWAY STOCKS AND BONDS.
1798
[Vol. lxxix.
Bonds— Pnnoi-
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal.When Due.
Par
for explanation of column headings, &c, see notes of
of
Stocks— Last
on first page of tables.
Road. Bonds Value. Outstanding
Payable
Whom.
Dividend.
Cent.
Grand Rapids Kalkaska
<6
8.
&ravd Trunk My.— Consol.
4
E.— See Pere Marqu
ETTE.
1882
1884
stock, £23,318,309..
guar, stock, non-cum., £10,000,000
1st preference 5 per cent stock, £3,420,000
2d preference stock, £2,530,000
3d preference 4 per cent stock, £7,168,055
Debenture stock, £4,270,575
Consol. debenture stock (col. trust), cum
f
2d equipment M. (subject to 1st M. In trust) .c J
Great Western perpetual debenture stock
o
Northern Ry., 3d preference
& B bonds
o\
Debenture stock, 4 p. c, perpetual, £425,850. s
Midlandof Canada IstM., sectional, £525,000.0
Consol. IstM., £3,164,700
c$
Wellington Grey & Bruce IstM., £532,000
o
Grand lrunk West'n—Northwest Gr. Tr., 1st mort.
1st M., $15,000,000, int. guar., g., $ (cur.) & £.F
2d M., income, g., $1,500,000, red. (text).. ..Col.
Ot. Northern,— Stock, $125,000,000
p. c.
1873-4
1873-4
"1
1
3,512
.
A
St.
Paul Minn.
& Man.—Stock.orig.
1874
1874
1869
£100 £22,475,985
£100
6,629,315 4 in 1904 A. & O Cheok from
£100
do
3,420,000 See text, A. & O
£100
2,530,000 see lext. A. & O
do
£100
7,168,055 See text. Yearly.
do
£100
4,270,375
5
J.&J.14
£100 15.134,731
4
Q.-J.
£100
373,000
J. & J.
6
100
8361s Var.
4903i
455
I68J4
66
326-5
3265
1868
1884
1878
1882
1874
1880
1900
1900
£100
£100
£100
$500
-
C.B.&Q.o'l.tr.M.g.(su.to call af.Ja.'06atl05)S.c&r
Sterling io*n (represented by ctfs. ot participate
Minn. Un.RR.lstM.,g.,gu.($650,OOOare5s).c;e.o"
Eastof Minn. IstM. ($50,000 p. m.),g.,gu.Ce.o*&r
No. Div. mort., $15,000,000, gold, guar.Me.C&r
Mont. Cen. 1st M.,g. ($6.000.000 are 6s)gu.€e.c<fcr
3
72
299
260
5
6
F.
347.990
426,200
1,016,500
83,200
563,000
14,437,000
4
F.
5
5
M.
A.
J.
J.
J.
J.
Varies.
6
&
&
&
&
&
&
&
&
do
do
do
Mar.23,'04,2i3
f
&
Co.,
London.
N.
J.
J. Jan., '93,cp.pd. Jan.,'04
J. N. Y., Nat. Bk. of Com.
1879
1880
1883
1883
1887
1890
1901
1903
1882
1888
1898
1887
100
C448.600
1,000
7,154,000
1,000
5,443,000
1,000
13,344,000
1,000
19,292,000
1,000 a 10,185,000
f
*
A.
M.
6g.
4 12g.
J.
J.
<tg.
£100&C b£3,000,000
$1000Ac 215,322.000
£1,500,000
* g
4 g.
-
$&£
5
5&6g.
1,000
$2,800,000
1,000&0
4,700,000
l.OOO&o d5,000,000
1.000&C 10,000,000
5
do
Q.-F.
6
g.
4g.
5&6g.
A.
A.
J.
&
&
&
&
&
&
IT
&
&
&
&
&
O.
N.
In Oct., 1903. the Grand Trunk Pacific Ry., controlled by the same
Interests, with $45,000,000 authorized stock, of which the $25,000,000
common
is to be owned by the Grand Trunk Railway, was proposing to extend the company's line about 3,200 miles to the Paciflo
coast, the Paciflo terminus to be Port Simpson, 350 miles north
of Vancouver.
The Canadian Government will construct the
portion of the proposed line from Monoton, New Brunswiok.
on the Intercolonial Ry., to Winnipeg, via Quebeo, about 1,475 miles,
and lease it for fifty years to the Grand Trunk Paciflo, guaranteeing part of the bonds on the remainder of the line from Winnipeg
westerly to be built by the company. V. 77, p. 88, 146, 250, 400,1533;
V. 78. p. 1109; V. 79, p. 269, 681.
The stockholders voted on Sept. 29, 1904, to acquire the Canada Atlantic Ry. and guarantee, principal andinterest, $16,000,000 four per
cent 50-year gold bonds, of which $2,000,000 will be reserved ior
future capital requirements, and the remainer will be Issued, replacing all otner indebtedness at or before its maturity. V. 79, p, 967,
1331,1641.
The Toledo 8t. Louis & Western Ry. and the Grand Trunk Western
Ry. jointly guarantee $2,000,000 4 per oents of Detroit & Toledo Shore
Line RR., which see above. V. 75, p. 1354; V. 76, p. 653.
Stock, Etc.— The authorized capital on Dec. 31, 1903, was £46,
436,364 stock (£41.613,211 issued and £4,823,153 unissued), advances
from the Canadian Government in aid of construction amount to
£3,111.500.
Perpetual consolidated 4 per cent debenture stock;
authorized by Act of 1882 and later Acts, has been issued from
time to time to acquire securities of companies consolidated and controlled, amounting June 30, 1904, to £8,392,288, and bearing an annual interest of £434,487. V. 71, p. 84. In Aug., 1903, stockholders
authorized increase of 4 p. c. guaranteed stock from £5,220,000 to
£10,000,000; of the new stock, £750,000 was subscribed In Oct,
Dividends—
4% stook....P.
1st preferred
r.
Guar.
2d preferred
Sdpreferred
P.
P.
For '98.
c.
o.
o.
c.
2
3
382, 972; V. 77, p. 950;
'99.
'00.
'01.
'02.
'03.
4
4
4
5
5
3
5
4
5
5
4
5
To
5
ToJuly,
314
4
12
1904.
ToJuly, 2
July.
To July,
1904, paid nothing on 1st, 2d and 3d pref.
Earnings- 2 mos., > 1904
Gross, $5,099,119; net, $1,65 2,177
July 1 to Aug. 31. S 1903
Gross,
5,306,918; net, 1,652,663
f For 6 mos. ending June 30,1904, gross £2.559,315, against £2,778,080 in 19t3; net, £663,747, against £783,049; net charges,
£519,753; advances, £19,383; div. (2 p. c.) on guaranteed stock,
£122,946; addlug £2,699, balance on hand Deo. 31, 1903, £4,363.
Report.—Statement for 1903 was In V. 78, p.1271.
Years ending Dec. 31
1903.
1902.
1901.
Gross earnings
£5,916,548
£5,189,079
£4,857,599
Transportation expenses
4,209,115
3,578 ,433
3,301,765
Net earnings
£1,707,433
£1,610,646
£1,555,833
Total net income
£1,891,170
£1,811,658
£1,736,651
Rentals
155,206
155,206
155,218
Interest on b'ds and deb. etk. 1,068,690
1,066,152
1,072,498
Advances to controlled roads
13,901
16.768
22,501
Dividend on guar, stock. ...(4%) 214,160 (4%) 208,792
(4%)208.791
Do on 1st pref. stock... (5%) 170,842 (5%) 170,840 (5%)170,840
Do on 2d pref. stook... (5%) 126,420 (5%)126,420 (4%>101,136
Do on 3d pref. stook... (2 ft) 143,293
q%) 71,649
Balance
def.£l,342
def.£4,l67
sur.£5,667
President, Sir C. Rivers Wilson, London; Second Vice-President and
General Manager, Chas. M. Hays.— (V. 79, p. 967, 1331, 1641..)
Grand Trunk Western Ry.— Owns from Port Huron, Mich., to
Chic & West. Ind. RR., 330 miles, and trackage Chicago & West. Indiana, 5 miles; total, 335 miles. Stock, $6,000,000, all owned by Grand
Trunk. A reorganization per plan (V. 69, p. 954; V. 71, p. 28) of the
Chicago & Gr and Trunk Ry., sold in foreclosure Oot. 31. 1900.
Bonds.—The Grand Trunk unconditionally guarantees the Interest
on the new 4s. Of the 4s, $563,000 are reserved for Northw. Grand
Trunk bs. The new incomes are subject to call at 85 and anv interest
then due. within the first 10 years. Int. on incomes, 1% paid on July
ooupons in 1902 to 1904, incl. Jointly with Toledo St. Louis & Western
guarantees Detroit & Toledo Shore Line bonds. V. 76, p. 653.
Earninos-2 mos. ) 1904
Gross, $731,922; net, $6,«13
July 1 to Aug. 31. J 1903
...Gross, 865,750; net, 58,398
Year ending June 30, 1904, gross, $5,289,245; net, «756,213; charges,
$742,976; int. on incomes (1 p. c), $15,000; bal., sur., $1,763. (V. 76,
p. 635; V. 78, p. 1446.)
Ureal Northern Ry.— (See Map*.)—In Feb., 1890, leased the
St. Paul Minneapolis & Manitoba for 999 years, assuming its funded
debt and guaranteeing 6 p.c per annum in gold on its $20,000,000 stock.
In 1903 only $450,600 of Manitoba stock had not been exchanged for
Gt. No. stock.— (V. 68, p. 129; V. 67, p. 1356; V. 67, p. 370, 788, 842.)
The Northern Securities Co. (which see below) formed In November,
1901, and owning $118,124,200 Great Northern stock, also nearly
all of the stock of the Northern
Paciflo, was, in March, 1904, adjudged an illegal combination by the U. S. Supreme Court and ordered
to liquidate. See V. 78, p. Ii23, 139a, 1447, 1498; V. 79, p. 213.
totln Oct.,
1,
1914
J.
J.
D.
J.
D.
J.
O.
O.
J.
Nov.l, 04,11a
Oct. 1, 1909
Nov. 1, 1910
St.
July 1, 1933
do
do
July 1, 1933
do
do
June 1, 1937
do
do
N.Y.&Lon., Baring Bros July 1, 1940
July 1, 1921
New York, etc.
London, Boston & N. Y. Deo. 1, 1905
July 1, 1922
N. Y., 32 Nassau St.
N. Y.32 Nas.; Bos.,Lee,H Apr. 1, 1908
1928-1948,
do
do
July 1, 1937
N. Y., 32 Nassau St.
do
N. Y., 32 Nassau
additional pledged for Pao. Extension bonds,
c All except $448,600 owned,
b £3,000,000 additional held
of which £2,000,000 deposited as collat. for 2-year loan, due Dec, 1905.
d SubJ. to call aft. April, 1928. U Coupon bonds J.
p.
Nat lxa£
Jan.
New York and London.
a $11,502,000
1903 and £500,000 in May, 1904; V. 76,
Mar.23,'04,2%
Irredeemable
Irredeemable
July 1, 1919
Irredeemable
Irredeemable
Irredeemable
May 1, 1908
Jan, 1, 1913
Glyn, Mills, Currie
A.
O.
A.
pd.
14/04,2%
Mar.23 '04,2i*
£100
July 1, 1950
J. London or New York.
4g.
$500
1 p. c. paid 1903-04.
July 1, 1950
1,500,000 Up to 40/0 July.
$100 124,149,250 7 in 1904 Q.-F. N.Y.Office,32Na8sauSt. Nov. 1, '04, 1H
$20,000,000.
8t.P.M.&M.2d(now 1st M.)g. does not oov. l'ds)o* 624
Dakota Extension IstM., gold
Ce.o* 1,221
2,655
° ^O.OOoiooo (now l8t M onl ands) gold.Ce \ 2,655
}
Montana Exten. IstM. ($25,000 p. m.),g.Ce.o*&r 420
Paciflo Extension M. £6,000,000, gold Ce..o*&r
819
2,723,080
15,600
None ever
Co.'s office, Oct.
by
Gt. North'n*
reg., Q.-J
& J.;
In 1901 stockholders subscribed at par to $25,000,000 new stook
raising total issue to $125,000,000 ($20 per share to be credited on
acoount for advances to St. Paul Minn. & Manitoba Ry.), the prooeeds
to aoquire 500 miles of additional road and control of Great Northern
Steamship Co.—V. 72, p. 580; V. 73, p. 184, 903. See below. As to
earlier stock issues, see Supplement of July, 1902.
Lines leased and operated
Owned, unbonded
St. Paul Minn. & Man. Ry.,
Seattle & Montana RR.—
St. Paul to Lowell, Wash... 1,790
Seattle to Westminster
143
Branches in Minnesota, the
Anacortes to Rockport,
—
—
Dakotas and Montana
2,012
Eastern Ry. of Minnesota
Fosston to Cass Lake
Hinckley to Duluth
Hinckley to Fridley
New Dul. to Cass Lake
Missis., Minn., to Hibbing
Brook Pk. to Coon Creek
60
72
65
140
49
73
Wash.,eto
Total operated direotly... 4,828
owned oper. separately—
Willmar & Sioux Falls—
—
Stock
Wlllmar to Yankton S.D.. 205
Garretson, 8. D., to Sioux
City.Ia., and O'Neill, Neb. 228
June, etc
96 Duluth Watertown & Pacific—
Watertown to Huron, Dak.
70
Park Rap & Leech Lake Ry.—
Minneapolis Un. Ry., etc..
8
Park Rapids to Cass Lake
49
Montana CentralDakota & Great Northern Ry.—
260
Great Falls to Butte, etc..
Lakotato Edmore, N.D.,eto
40
2 Spokane Falls & Northern. .. 203
IT Duluth Terminal Ry
Washington & Gt. Nor. Ry.—
Duluth Sup. & West. Term.
5
Marcus, Waoh., to Republic,
Montana & Great Nor. Ry.—
69
etc (V. 73, p. 904, 184) ...
(V. 73, p. 904, 184.)
.
.
51
Vanoouver Victoria & Eastern Ky. & Navigation—
Rideau, B. O, to Carson,
134
B. C. eto .._..•••-.»...•
Jennings, Mont., to Gate-
way
Gt
Falls, Mont., to
Sweet
grass
,
Crows' Nest Southern Ry.—
Intern. Boundary to Mor-
17
Total road July, 1903 ...5,888
2d and 3d traok and sidings. 1,274
During 1903-04 134 miles of extensions will be completed (146
miles befng opened Jan., 1904,) and on June 30, 1903, 181 miles additional were projected.
Lands.—Sales for year 1902-03 were 23,856 acres for $241,098 and 992 town lots for $20,002. The net amount due on land contracts June 30, 1903, was $2,766,473; lands unsold, 793,598 acres,
to be reduced about 650.000 acres by a final adjustment with U. S.
Minneapolis & St. Cloud grant was 425,664 aores; unsold July 1,
1903, 19,641 acres; sales in 1902-03 were 3,698 aores, for $19,883.
1904
Dividends, ) '92 to '96 (Indus.), '97 '98 '99 '00 '01 '02 '03
Below
513 6i* 7
7 7Lj 7 7
Gt. North. 5 5 p. 0. yearly.
In 1901, Feb., 1* p. c, May, Aug. and Nov. (pending liquidation of
Northern Securities Co 1H p. c; each "to those lawfully entitled to
rissey, B.
O
.
48
)
V. 78, p. 1781; V. 79, p. 213, 270.
Also in 1898 50 p. 0. in Seattle & Mont, stock, whioh was then exchanged for 40 p. c in Gt. Nor. pf. V. 66, p. 1044, 1188; V. 74, p. 829.
Bonds.— St. P. Min. & Man. consol. mort. of 1883 is for $50,000,000. of
whioh bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 miles of railway In Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the Dakotas, the prior liens on whioh average only $7,300 per mile. V. 64,
p. 518. Montana Extension mortgage is for $25,000,000 for extensions
and for second track. Abstract V. 45, p. 342.
Pacific extension mort. £6,000,000 provides for bonds at £6,000 per
mile In Montana and £7,000 per mile west of Montana; £3,000,000
of this issue, in addition to those given in the table above, were released
upon payment of collateral trust bonds Sept. 1, 1898. V. 66, p. 1044,
1188. See abstract of mortgage, V. 52, p. 82.
In 1904 the Gt. Northern and Northern Paciflo had acquired $107,661,000 of the Chicago Burlington <fe Quincy RR. $110,8 39,100 stook
In exchange for their joint 20-year 4 per cent gold bonds, seoured
by the deposit of the stook in trust, on basis of $200 in bonds for
each $100 stock. See circular, V. 72, p. 871, 1034, 1135, and application to list. V. 73, p. 294, 903.
Eastern Railway of Minnesota.— First mort. covers road, equipment,
terminals and elevators. The Northern Div. $15,000,000 mortgage
from Fosston, Minn.,
of 1898 provides for extension built
to the headof lake navigation at Duluth, and also for future requirements, including the retirement of the $4,700,000 1st 5s at maturity.
They are redeemable at 105 on three months' notice after Apr. 1, 1928.
V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
Chron. Deo. 12, 1891.) The Manitoba guarantees these issues, and
Great Northern assumes guaranty. See form of latter, V. 74, p. 680.
The Willmar <6 Sioux Falls bonds are endorsed with Joint and several
guaranty of the Manitoba and Great Northern jompanies. Further
issues may be made at $17,500 p. m. for additional road. V. 56, p. 247.
Minneavolis Western first mortgage is for $1,000,000. V. 60, p. 835.
The £1,500,000 two-year sterling loan due Deo. 1, 1905, Is seoured
Manitoba Paciflo extension
by deposit of £2,000,000 St. Paul Minu.
sterling 48. The certifloates of participation issued by the bankers are
V. 77, p. 1873.
in denomination of £200, or $972 each
General Finances In 1901-02 (10 months) received $800,000
in 1900-01, $1,920,000 (12 per cent) in dividends
(5 per cent)
on Eastern Ry. of Minn, stook; in 1902-03 on Montana Central stook,
receive the same."
—
&
—
;
4 4
2
,
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fec,
Date
of
of
see notes
Size,
or
Par
Amount
Outstanding
Road. Bonds Value.
—
threat Northern ( Concluded)—
Willmar&Si'xF'llBl8tM.,g.,gu.p.<fei,(end)Ce.o*<fcr
o*
Minneapolis Western 1st mort., gold, guar
Great Nor. Ry. of Canada—1st M., g., s.f.,text.Ce.o'
Post. M., $300,000 (V. 71, p. 698)
§uebeo Ter'l
&
205
2
177
....
...
$
1888
1891
1900
1900
1,000
1,000
1,000
1,000
1,000
Bonds— PrinciINTEREST FOR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
Dividend.
ayable
Whom.
Cent.
5g. J. & D.
3,646,000
5 g. J. & J.
500,000
& J.
4,002,000
g
& J.
i
118,000
& J.
6
274,000
2,500,000 4 Feb.'04 Feb.
4 Feb.'04 Feb.
600,000
7,000,000
J. & D.
6
200,000
-
.-qulpment bonds, due semi-annually
100
Qreen Bay dt Western RR.— Stock. See text
non-cum..o*
1896
....
1,000
Debentures, Class A, Incomes, text,
stock, non-oum
o*
....
1896
Class B, Incomes, after
1,000
....
...
100
Greene RR.(N. T.)— Stock
22 1904
$500,000, g.S.o&r.
4 gGreenw. <t JohnsonvilU— 1st
1,000
400,000
....
1899
6g.
9,600,000
Quay. <& Q. —1st M. $12,282,000, g., gu., text. «
1,000
IstM. ,$10,000 p.m. ,g. A B.c
62 1893
6g.
500
749,500
Gulf Beaumont <t K.
62 1893
2d mort., $10,000 per mlle($176,000 are 6s)AB.c
500
750,000 5 &6 g.
77 1900
5 g.
Gulf B. & Gt. No.,gold, p. & 1. gu.,end.AB.text.o
1,000
781,000
....
4
100
Gulf A Ship Island— Stock, $5,500,000 authorized.
5.500,000
o*<fer
5 g.
261 1902 1,000 Ac [* 4835.000
1st ref. and terminal M., g IV
Of 1
Hancock <t Calumet— See Mineral Range RR.
I *$16,000 o Id 58
Hannibal A St. Joseph— See Chicago Burlington & Quino y22 1895 100 Ac.
Harriman A Northeastern—1st M., gold, Ce
6 g.
300,000
Barrisb. Portsm'th Ml. Joy A Lane.— 8tock,7 p. o.gu.
53
50
1,182,550 7^ in '04
In 1883), guar.p.&i.Pa. RR.GP.r
4
53 1853 500 &c.
1st mort. (ext'd
700,000
109
2
Hartford A Connecticut Western Stock
100
2,714,000
4 ^g.
109 1883
1st mortgage, extended in gold in 1903
1,000
700,000
Hawkinsv. A Ft. So —1st M., $400,000, g., gu.p.&i. a . • . 1902
5 g.
310,000
Henderson B'dge Co.— 1st M., g., d'wn at 105.Ce.o* .... 1881
6g.
1,000
1,453,000
Hibernia Mine RR. Stock
6
100
200.000
4k ....
Hocking Valley Ry.—Stock, com., $11,000,000.. .... *•
100 11,000,000 3 in 1904
Stook, pref., $15,000,000 4 p. o. non-cum
100 15,000.000 4 in 1904
Columbus & Hooking Valley 1st mort., gold...o*
76 1867 500 &o
4 g.
1,401,000
Col. & Toledo 1st M. (Columbus to WalbridgeJ.o*
7
118 1875
1,000
2,500,000
Ohio (feWest. Va. 1st M. (Logan to Pomeroy)o\.
7
85 1880
1,000
1,584,000
346 1899 1.000*0 13,139,000
4 i«e.
let oonsol. mort.. $20,000,000, gold.Ce
*
M
,
sm
C—
—
—
$250,000 (5 p. c), and on Willmar & Sioux Falls stock, $280,000. Tofunded debt per mile of main track (4,751 miles) in the hands of
the public, $20,456. V. 77, p. 978. Train load 1902-03, 446 tons.
Earntngs.— Great North'n system (incl. St. P. M. & M., East, of Minn,
and Montana Central) July 1 to Sept. 30, 1904, 3 months, $11,208,401,
against $11,576,645 in 1903.
Annual Report.— Report foT 1903-04 was given at length in Chronicle, Oct. 29, 1904. See also editorial.
tal
income account of great northern railway company.
1903-04.
1902-03.
190102.
1900 01.
$
$
$
$
Gross earniDgp...... 36 0fi2,947 36,960,742
Oper. exp. & taxes ..19,383,297 18.99S.8b8
28,397,135
15,12*. 137
20,881,051
12,854,180
13,268,998
8,026,871
Net earnings
16,679,973 17,061.874 13,268,998
396, s^l
Int. on bonds owned")
380,635
f
Dlv. on utocfes owned
850,267
1,419,960
Profit on Treasury
securities told
74,034
363.177
n t
Rental leased lines... ^bti.ns^
114,385
176.485
8,026,871
395,548
3,126,504
Net earnings
16,679,973
Receipts -
17,961,874
337.554
!
172,7.-2
f
Bills receivable
General 1 terest
miecel. items
1,491
3,059
2,014
402,424
474,142
212,845
18,302,748
19,801,346
16,085,4:6
12,274,088
3,973,603
212.6/5
on aterl. loan
Divs. on Gt. No. stock 8,t 83,925
Fund for iaprove'ts
and renewals
2,000,000
3 992,737
3.742,545
8,687,656
8,b73,973
8,225,926
6,S97,369
00,000
2,000,000
Tot. disbnrsem't8.14, 870,153
15,666,710
4,134,636
i
and
J
I
Total
I.
Disbursemente—
Net rout St. P. M. &
M. Ry. and " other
rentals"
Int.
3,f
13,968,465
2,116,991
entire great northern railway system.
1903-04.
1902-03.
1901-02.
Balance, surplus
3,432,595
10,585,025
1,689,063
1900-01.
Total earn, of eystem.41,4i4,S06
Oper. exp. & taxes.. .22.89S.950
42,137,690
22,409,171
38,858,513
20,874,317
30,5n4,387
18,296.482
Net earns, of syst..l8,518,856
Mlscellan's income . .
973,679
19.728,519
1.320,871
17,984,196
2,031.750
12,267,995
1,619,775
Tot. net of system.19,492,535 x21,049,390
20,015,946
1
3,887, Ti 9
x
From this last result ($21,049,390) in 1902-03 paid total interest charge of all companies, and guaranteed divid's on St. Paul Minneapolis & Manitoba stock, not owned, a total of $4,948,617 ana dividends of $8,673,973 on the stook of the Great Northern Ry. Co. and
$3,000,000 for appropriation for renewal funds. Similar de auctions
in 1903-4.
Officers.—President, James J. Hill, St. Paul; 1st Vice-President.
Louis W. Hill. St. Paul ; 2d Vioe-Pres., R. I. Farrington; 3d Vioe- President and See'y, E. T. Nichols, New York; 4th Vice-Pres., J. W. Blabon;
Treas*r and Asst. Seo'y, E. Sawyer, St. Paul; Asst. Seo'y and Asst. Treas.,
N. Terhune,
New York
;
N. Y.
office,
32 Nassau
St.
Directors.— J. J. Hill, Frederick Weyerhaeuser, B. Sawyer. M. D. Grover
R. I. Farrington. H. W. CaUhon, J. N. Hill. Louis W. Hill, Wm. B. Dean.
—(V. 77, p. 1533, 1873; V. 78, p. 1222, 1781; V. 79, p. 213, 1636.)
Great Northern Railway of
Owns main line
between Riv-a-Plerre, on line of Quebec & Lake St. John Ry., to
Hawkesbury, on the Canada-Atlantic Ry., 168 miles, with running
rights over Q.
L., St. John to Quebec, 58 miles ; branches, 6*4 miles;
leases Chateaugay & Northern, Joliette to Montreal; total operated,
268 miles. Owns elevator at Quebec, car and repair shops at Quebec,
etc. V. 71, p. 1220.
In July, 1904, plans were being matured for merger of Great Northern Ry. of Canada, Chateaugay & Northern, Montfort
Gatineau and
Quebec New Brunswick
Nova Scotia into a new oompany.whioh will
issue a mortgage for about $3,000,000 of 4 per cents to retire by exchange the outstanding bonds, floating debt and provide for future
Canada.—
&
&
&
requirements, and covering by a first lien the combined system, terminals and equipment. The Canadian Northern interests, which will
control, will purchase $4,000,000 of the new bonds at 85, leaving
about $600,000 of the bonds in the treasury. V. 79, p. 103, 151. a
bondholders' committee, Wm. L. Bull, Chairman (Central Trust Co.,
N. Y., depositary). V. 79, p. 681, 733.
Earnings.— For year ending June 30, 1903, earnings were reported
as, gross, $369,328; def. under < per. expenses, $8,322. Report for year
ending June 30, 1902, in V. 75, p. 1352, showed gross, $524,764.
President, D. B. Hanna, Toronto 1st Vice-Prest. James MoNaught
35 Nassau St., N.
(V. ^9, p. 681, 733, 902, 1636.)
Green Bay
Wester 11 KB.—Road owned from Green Bay, Wis.
to Marshland.Wis., 209 miles; branches, 13 m.; trackage to Winona, 4 m.
History.—A reorganization June 5, 1896 (per plan In V. 61, p. 471.)
of the Green Bay Winona & St. Paul, sold in foreclosure May 12. 1896
Y—
&
;
1799
June 1, 1938
N.Y.&Lon., BaringBros July 1, 1911
'04, coup, not pd. Jan. 1, 1950
July,
In default.
1951
N. Y., Central Trust Co.
To 1906
N. Y., 32 Nassau Street.
N. Y. office,
do
do
40 Wall.
do
do
St.
Feb. I, '04,
Feb. 1, '04,4'
D.L.&W.off.26Exch.Pl. June,1904, 3%
Jan 1, 1924
Jan. 2, 1932
M
&
Aug. 1, 1913
Y,
F. <fe
Aug. 1, 1913
do
do
F. & A.
do
July 1, 1930
do
J. & J.
Buffalo, N. Y.
Oct.15,'04,1%
Q.-J.
J. <fe J. N. Y.. Fisk & Robinson Feb. 1, 1952
896 rem ain outstanding.
J.
J.
J.
J.
J.
&
J. M. Y., Stand. Trust Co.
Y.U.S.M.&Tr.&Lon.
J.
A.
N.
5 Nassau St.
&
J. N. Y., Central Trust Co
J. Phila., Company's Ottioe
do
do
J.
&
&
F&A.31
J.
M.
A.
J.
J.
A.
F.
M.
J.
<fe
<fe
&
&
do
N. Y.,
See Central of N. J.
O.
J.
J.
Aug31,'04,l%
July 1, 1923
1952
120 Broadway. Sept. 1, 1931
Hartford.
J.
S.
Jan. 1, 1916
July 11, '04,
July 1, 1913
N.Y., J.P.
&
& O
& A.
& N.
& J.
do
do
do
do
do
Oct.10,'04,3%
Morgan & Co July
do
do
do
do
do
18,"04,lia
Julyl8,'04,2%
Oct.
Aug.
May
July
1,
1,
1,
1,
1948
1905
1910
1»99
Securities.—There are no fixed oharges on the property other than
any be placed thereon, or the property be sold or leased
without oonsent of 75 per cent of stock. Class A debentures are entitled to 2!fl per cent interest, if earned, then common stock to 2^ p.o.,
then the two share ratably but after 5 per cent has been paid on both,
olass B bonds are entitled to all surplus earnings. See V. 61, p. 471.
(1898. 1899. 1900. 1901. 1902. 1903. 1904.
Dividends—
4
2*2
4
4
2*3
3
Class "A" deb., p. 0. { 2*z
2i«
4
4
4
I**
3
Stock, p.o
( ....
Report for year ending Dec. 31, 1903, in V. 78, p. 1 270, showed:
taxes, nor can
;
Freight.
Passen'r.
Cross.
Net.
1 axes, etc. Bal.,sur.
$433,524 $146,070 $?>79,594 $223,432 $15,143 $208,289
165,980
16,457 149,523
502,354
128,214
374,140
From bal. paid yearly deb."A," 4%, $24,000; com.stock 4%,$1 00,000
Directors.—S. S. Paimer, Pres. Mark T. Cox, Sec and Treas. 40 Wall
St.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt.— (V. 78, p. 1 270.)
1903
1902
.
,
.
;
RR.— Owns road from Chenango Forks to Greene, N. Y.,
Leased to Delaware Lack. & W. for term of charter for 6 p. 0.
on stock. Capital stock, $200,000; par, $100. The $200,000 7 p. c.
bonds which matured Deo. 1, 1902, are held iu the D.L.& W. treasury.
Greenwich & Johns«»nville RR.— Owns from Schuylerville to
.Tohnsonvilie, 22 miles, including extension from Greenwich to SchuyBonds, see
lerville, 7^ miles, completed in 1904. Stock. $150,000.
table above. For year ending June 30, 1904, gross, $68,355; net,
$22,709; other income. $l,85r>; taxes, $9,083; dividend (6 p. c), $9,000; bal., sur., $6,481. President, I. C. Blandy; Auditor, J. H. McDaniels, all of Greenwich, N. Y. (V. 78. p. 342, 1781.)
Guatemala Rv.-V. 76, p. 265; V. 78, p. 988, 1497; V. 79, p. 902
Guayaquil & Quito By.— (3i2-foot gauge.)— Projected from
Guayaquil to Quito, Ecuador, about 290 miles, with two branches.
Of this, 130 miles, from Guayaquil to Colta. are in ODeration.
Stook authorized, common, $7,032,000; preferred, 7 per cent, cum.,
$5,250,000. The bonds are guaranteed, principal and Interest, by the
Government of Eouador, secured by a first lien on all the Customs
duties of the latter.it receiving in consideration 49 p. 0. of the common
stock. Interest in London is payable at Glyn, Mills, Currle <fe Co.
All the bonds are purchasable for a sinking fund of 1 p. o. yearly, and
in addition $1,014,000 (of which $468,000 are now outstanding) are
subject to call at par for a speoial sinking fund. President, Sir Jas.
Vice-Pres., T. H. Powers Farr, New York; Sec.
Siverwright, London
and Treas., Samuel H. Lever, N. Y. Ottioe, 33 Wall St.— (V. 79, p. 786.)
Gulf Beaumont & K.C.By.— See Sup. forOot.,1902;V.77,p.l225.
Gulf & Inter-State By.—See page 1911.
Gulf & Ship Island Rlt,- (See Map.)— Owns from Gulfport on
Mississippi Sound, Gulf of Mexioo, to Jackson, Miss., 160*5 miles;
branches, Maxie to Columbia, 48*75 miles, and Saratoga to
Laurel, 41*75 miles; Mendenhall to Silver Creek, 30 miles; total, 281
Laid with 60, 65 and 75-pound steel rails, for former of
miles.
which 75-lb. rails are being substituted. Important harbor improvements have been constructed at Gulfport, including an extensive system of docks, piers, etc.; also a channel 7 miles long extending to deep water. From Mendenhall to Columbia, 60 miles, is Tinder
construction, of which 30 miles completed Oct., 1904.
Charter is
Greene
8 miles.
;
perpetual.
Stock.- Capital stook, $5,500,000 (par of shares, $100) all outstanding and deposited with N. Y. Sec.
Trust Co. under a voting trust; J.
T. Jones, Harvey E. Fisk and Charles K. Beekman, voting trustees.
Dividends.—Apr., 1903. to Oct., 1904, both inclusive, 1 p. 0. quar.
Bonds.—Of the new 1st 5s ($5,000,000 authorized), $2,75o,000 were
used to refund the old bonds (only $16,000 of the latter being now outstanding), the remainder being issuable as follows: $1,000,000 to complete the terminals at Gulfport, $500,000 for neweqnipment and $750,000 for 75-lb. rails and other improvements to roadbed and structures. A sinking fund of one per cent yearly .becoming operative Jan.
1905, may purchase bonds at not exceeding 110, but the latter cannot
be drawn. See V. 74, p. 426, and application to list, V. 74, p. 1257.
Earnings.—For 2 months ending Aug. 31.
Cross.
2 months.
Charges. Bal., sur.
Net.
Oth. Income
&
1904
1903
$300,861
$76,951
$40,303
$38,000
$1,353
305,585
117,221
38,415
80,753
1,947
Report.—Report for year ending June 30, 1904, was given in V. 79»
p. 1701, showing (261 average miles), gross, $1,829,816; net over
taxes, $600,580; other income, $11,801; oharges. $279,068; dividends,
$200,000; bal.. surplus, $133,313. Pres., J. T. Jones, Buffalo, N. Y.—
(V.79,p. 151, 731, 1461, 1701.)
Harriman Northeastern By.— Harriman to Petros, Tenn.,
22 miles. In Jan., 1903, entire stook acquired in the interest of the
Cincinnati, New Orleans <fe Tex. Pao. Ry., but will be operated separately. V. 76, p. 157. Stock, $600,000.
Year to Mar. 31, 1902, gross,
$81,805; net, $39,981; charges, $18,000.-(V. 76, p. 212.)
Hartford
Connecticut Western By.— Hartford, Conn., to
Rhineoliff, N. Y., 109 miles, and branch, 14 miles. Leased till Aug.,
1940, to Cent New England Ry. (now controlled by N. Y. New Haven
& Hartford RR.), the rental paying oharges and 2 p.c "per annum on the
stock, of which $1,390,000 is owned by lessee.— (V. 76, p. 1084.)
Hawkinsvtlle
Florida Southern By.— See Georgia'Southern <& Florida.— V. 77, p. 1294; V. 78, p. 1781.
&
&
&
RAILWAY STOCKS AND BONDS.
1800
MAP OF THE
GULP & SHIP ISLAND
RAILROAD
AND
ITS CONNECTIONS.
Mouths of the
'itsissippi liiver
[Vol. lxxix.
).
.
RAILWAY STOCKS AND BONDS.
Oct., 1904. J
RAILROADS.
Miles
of
Date
Size, or
8
of
Par
For explanation of column headings, &c, see note
Road. Bonds Value.
on first page of tables.
Hock r.(Con.)K.&H.C.&C.lstM.g.,gu.red.llOaf'll
Con. Coal 1st M.,$3,500,O00,ggu.sf.'06,red.ll0af.'12S
Equip, notes, payable monthly
Oar trusts, gold, $80,000 semi-annually. S
Boosac Tunnel (6 Wilmington Stock
1st mortgage, $250,000, gold .OB
Roust. E. <6 W. Texas— 5 gu. p. & 1. by So. P. Un. .0'
\ not guaranteed
1st mortgage, gold
Housl.<t Tex.C.RR.—St&te of Tex. pr. Hen 1st 75 m.
1st M.l.gr.g.red.llO.int.gu. $2,956,000 pd.Ceo*<fcr
Con. M., 1. g., g., red. at 110, Int. guar. F.c*<kr...
Gen. M..gold,lnt.guar.,end.,$8,00O paid.OTpc"<fer
Waco & N.W.Dlv., 1st M.,g.,$25,000 p.m.Ce.o*Ar
Austin & Northwest., 1st M.,g., gu.p.<fci.Mp.o*&r
—
. .
Ft.
Worth
& New
Orl., 1st
C.Tex.& N.W., 1st M., gu
Huntingdon <£ Broad Top
M. (Wax. to
S.
Ft. W.)...
Pao. (Gar. to
— Common stock
Wax.)F
1901
1902
$1,000
1,000
1900-1 Various
1902
1,000
100
25 1892
1,000
191 1893
1,000
191 1893
1,000
75 1870
453 1890
1,000
453 1890
1,000
453 1890
1,000
58 1900
1.000
103 1891
1,000
41 1895
1,000
12 1881
1,000
64
50
64
50
64 1854
500
....
....
....
....
....
Preferred stock, 7 per cent, non-oumulative
1st M., extended In 1890 (Int. only in gold)..GP
64
2dM., old 7s, extended In 1895, p. &!., g.)...GP
64
3d mortgage, oonsol., ext. In gold In 1895. OP.c*
due Oct. 1 yearly
....
Consol. oar trust, $68,000
....
14th ser. oar trust, $29,000 yearly Deo. l.PeP..
16
Iberia <C Vermilion—1st mortgage
mmmm
Illinois Centrals- Stock, $95.040,000
Leased line 4 per cent stock, guar, (see remarks.) .....
Sterling bds. old 6s ext. In 1895
ist mort. of f Sterling bonds, due 1905
1874 for 4s of 1886, due 1951, gold....o*
706$15,000,000 3*28 of 1886. due 1951, g...o*&r
secures all
3s of 1895. due 1951, gold.o*&r
equally. Us
3H)8 of 1903, due 1951. g...c*&r
I
,
1857
1865
1896
1899
1893
500
1,000
1.000
1,000
100
100
....
....
1875
1875
1886
1886
1895
1903
£200
£200
1,000
1,000
£200
Henderson Bridge Co.— Owns bridge across Ohio R. at Henderson,Ky.,and 10 miles of road. Stock is $1,000,000 (par, $100), ol
whioh the Louisville & Nashville Co. holds practically all. V. 73, p. 444.
$547,000 bonds in sinking fund in Oct., 1904— (V. 79, p. 631.)
Hlbernla Mine BR.—Owns from Rookaway, N. J., to Hibernls
Mines, N.J. 4k m. Leased to Cent, of N.J. in 1890 for $12,000 per an
.
Hocking Valley Bailway— (See Map.)— This oompany own§
line from Pomeroy, O.. to Walbridge, O., 250 miles, with traokage (Penn. RR. System) Walbridge to Toledo, 6 miles branches to
Athens, Nelsonville. etc., 73 miles; leases Wellston & Jaokson Belt
Ry., McArthur Junction to Jaokson, 18 miles; total, 347 in.; 2d track,
46 m. In Oct., 1902, acquired all the securities of Zanesville & Western Ry., Columbus to Shawnee and Zanesville, O., witli branches, a
total of 126 miles, of which about 40 miles is held under lease or
trackage rights. V. 75, p. 906.
History, &c— Successor on Feb. 25, 1899, per plan in V. 68, p. 231,
to the Columbus Hock. Valley & Toledo Ry., sold under foreclosure
Feb. 24, 1899. V. 68, p. 231, 379. The coal lands, from which the bulk
of the company's business is derived, aggregate about 20,975 acres, and
are covered by the new consol. mortgage. In Dec, 1899, acquired
control of the Toledo & Ohio Central Ry.. by purchase of entire issue of
$8,421,000 Middle States Construction Co. collateral 3s, which are
secured by deposit of the entire stock of the Tol. & Ohio Cent. Ry.,
except $54,100 common and $11,600 preferred (See V. 69. p. 1345),
but that road is operated separately. See Stock below.
Stock.—The preferred stock is subject to call at par. As to sale
of block of common stock, see below.
Sale of Stock, Etc. -In June, 1903, $6,924,200 of the outstanding
$11,000,000 common stock, which had been deposited with J. P.
Morgan (V. 75. p. 1301j, was sold to five railroad companies, viz.: The
P. Gin. Chic. & St. L. (two-sixths interest) and Bait. & Ohio, Cues. &
Ohio, Lake 8h. & M. South, and Eiie (each one sixth), the owners re
ceiving $103 per share above all expenses. There were Issued by J.
P. Morgan &Co. $7,270,410 three year 5% gold "participation certificates," due June 28, 1906, int. payable J.&D 28, secured by the stock
acquired. The companies are obligated in the proportions named.
V. 75, p. 1301; V. 77, p. 36, 1225; and form of cert., V. 77, p. 1874.
Dividends.— On pref., 1900, 3^ p.c; 1901 to July, 1904, inol 4 p. c.
per annum. On com. July, 1901, to July, 1904, inol. 3 p. o. per annum,
Bonds.— The consols ($20,000,000 authorized) besides a Hen on the
entire property, subject only to $5,832,000 prior bonds, have a first
lien on all the coal lands $5,832,000 consols are reserved to retire
the existing bonds (these existing bonds, however, may be extended at maturity) and $5,645,000 for the acquisition of new property
and betterments, of which $4,438,000 sold in 1899-1904. V. 72, p. 338;
V. 74, p. 1038; V. 76, p. 1192; V. 78, p. 9S9. SubstantiaUy all of the
bonds and stock of the Ohio Land & Ry. Co. and the WeUston & Jackson Belt Ry., 18 miles, are deposited under said mortgage. Description
of bonds in V. 68, p. 823. Guarantees Kanawha & Hocking Coal & Coke
Co. bonds. See V. 74, p. 271; V. 77, p. 2393; also Continental Coal Co.
bonds. V. 75, p. 497, 987. The car trusts of 1902 cover 3,020 forty -ton
gondola cars. V. 74, p. 1196; V. 75, p. 741.
Latest Earnings.— For 2 months ending Aug. 31:
Gross
Oth. inc.
2 mos.—
Net.
Charges.
Balance.
1904
$1,164,949
$500,292
$25,205
$141,436
$384,061
1,153,554
455,844
22,465
1903
164,100
314,209
Annual Report.—Traffic is mostly freight, and over 65 p. o. of this is
bituminous coal. Average train-load, is large— in 1904 554 tons.
Report for year ending June 30, 1904, was given at length in V.
79, p. 1262, 1282; see also editorial, p. 1236.
1903-04.
1902-03.
1901-02.
Gross earnings
$5,725,483
$6,049,698
$5,316,523
Operating expenses and taxes 3,852,620
3,838,526
3,229,331
main
;
,
Net earnings from
Otherincome
oper'n.. $1,872,863
550,901
$2,211,172
686,861
$2,087,192
504,549
$2,423,764
1,018,971
(4)570,200
(3)330,000
$2,898,033
1,093,935
(4)560,000
(3)321,324
$2,591,741
989,868
(4)560,000
(3)312,648
$504,593
$922,774
$729,725
Bonds— ±*rUiolINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Slocks— Last
Outstanding Cent. Payable
Dividend.
Whom.
Amount
$3,000,000
2.750,000
977,386
1.200,000
250,000
250,000
2,199,000
801,000
See text.
5,092,000
2,56«,000
4,275,000
1,105,000
1,920,000
709.000
180,000
1,371,750
2,000,000
416,000
367,500
1,497,000
136.000
234,000
322.000
95,040,000
10,000,000
2,500,000
1,000,000
1,500,000
2.499,000
£500,000
1,000,&C.
1801
3,000,000
& J N.Y.,J.P.Morgan&Co. July 1, 1951
do
Feb. 1, 1952
& A.
do
5&6 Various N.Y, J. P. Morgan* Co To July, 1908
do
M'y'OS-M'y'^
do
4^g M. & N.
Wilmington, Vt.
Dec.31,'03,2%
2 in 1903 Deo. 31.
Bost.,01d Colony Tr.Co Sept. 1, 1922
5 g. M. & S
5 g. M. & N. N. Y., 120 Broadway. May 1, 1933
do
do
May 1, 1933
5 g. M. & N.
5
g.
J.
5)?.
F.
6
5
J.
g.
6g
A.
4g. A.
6 g. M.
»
6
6
g-
J.
J.
A.
See text. J.
See text. J.
&
Houston, Texas.
N. Y.,120 Broadway.
J.
&
&
&
&
&
&
do
do
do
do
O.
O.
N.
J.
J.
N. Y., 120 Broadway.
O.
&
do
do
do
do
Annually.
July 1, 1937
1912
1921
May
1930
July
1941
Deo. 31, 1925
Oct. 1, 1911
Oot.
Apr.
1,
1,
1,
1,
J. Phil. Of. ,4th<feWalnut8t. Jan. 28. '04, 1
July|28,*04,2ifl
do
do
J.
&
&
4 g. F. &
A. &
5 g.
A. &
5
J. &
4
F. &
5
6 in 1904 M. &
J. &
4
4g. A..&
J. &
2 g J. &
4 g3*2 g. J. &
3 g. M. &
3^ g. A. &
A.
do
do
do
O.
A.
do
do
do
Sept. 30,
Feb.
1,
1920
1925
Moh. 31, 1925
O.
O. Phila. .Merchants'Trust Oct.1,'05-1906
D. Penn. Co. for Ins., Ac To Deo. 1, '11
A. N.Y.,So.Pac.Co. 120 B'y Aug., 1943
S. N. Y. 135 B'way & Lon. Sept.l,'C4,3%
July, 1904, 2%
do
do
J.
Apr. 1, 1951
London.
O.
D. London,Morton,C.& Co. Deo. 1, 1905
J. New York, 135 B'dway. Jan. 1, 1951
do
do
Jan. 1, 1951
J.
,
-
London.
S.
New York & London.
O.
Houston East A West Texas By.— Owns
Mar.
Apr.
1,
1,
1951
1951
from Houston, Texas
to Sabine River at Logansport, 191 miles, where it connects with the
Houston & Shreveport RR., Logansport to Shreveport, 39 mUes. Reorganized in 1896 without foreclosure. Bond issue Umited to $3,000,000. Stock $1,920,000, of which $1,905,000 was owned by So. Pao. Co.
In 1902-3 a dividend of 16 p. o. was paid from moneys received from
the reorganization committee in adjustment of accounts. The Southern Pacific Company has guaranteed $2,199,000 of the oonds, principal
and Interest, by endorsement, reserving the right to redeem the bonds
at 105 and interest at any time on six months' notice; guaranty, V.
70, p. 841; see also V. 71, p. 236. For year 1902 03. gross, $897,137;
net, $13,948; other income, $8,559; charges. $166,866; bal., def.
$144,359.— (V. 76, p 1084, 1407; V. 78, p. 2384.)
Texas Central Bailroad.— (See Map of Southern
Pacific)— Owns from Houston, Texas, to Denison, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin. 215 miles: Bremond to
Ross. Tex., 54 miles Garrett to Fort Worth, 53 miles; other branches,
30 miles, total owned, 690 miles.
History.— Successor April 11, 1893, to a railway oompany foreclosed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820. On Aug.
22, 1901, merged Austin & Northwestern, etc V. 72, p. 480, 821; V.
73, p. 137, 494. Litigation, see V. 74, p. 680.
Houston &
Bonds.—The bonds are being graduaUy reduced with proceeds of
land sales. The first mortgage was for $8,634,000, of whioh $570,000
reserved against claim of State of Texas upon 75 miles of the road.
The So. Pao. Co. guarantees interest on all bonds. Thefirst mortgage
bonds and the consolidated mortgage bonds may be oaUed for redemption at 110 with proceeds of land sales. See ruH abstracts of all the
mortgages in V. 52, p. 242. Of the $5,068,000consoUdated 6s authorized
$1,149,000 (not included in the amount outstanding above) are held as
part seourity for the general 4s. There were also June 30, 1903, $425,000 Lampasas extension interim 5s, all owned by So Pac. Co. Stock,
$10,000,000. of which the So. Pacino Co. owned $9,996,000; par, $100.
In 1902 3 a dividend of 6 p. c was paid
V. 76, p. 1084, 1192, 1407.
out of accumulated surplus. V. 76, p. 1407. As to school fund claim
for $673,100, see V. 64, p. 1137 V. 66, p. 471; V. 70, p. 686.
Lands.—The lands June 30, 1903, held for cancellation of 1st and
consol. mortgage bonds, consisted of 2,365,159 acres; land contracts;
outstanding were $1,117,689. V. 65, p. 869.
Gross, $3,461,608; net, $993,640
Latest Earns.— 7 mos. ) 1903-4
Gross, 3,358.251; net, 1,218,521
July 1 to Jan. 31.
J 1902 3
In year 1902-03, gross, $5,285,894; net, $1,287,16=); other income,
$33,229; charges, $984,283; bal., surp., $336,112.— (V. 79, p. 1704.)
Hudsnn Manhattan By.— See this Section for April, 1904.
;
&
Huntingdon & Broad Top Mt. BB. & Coal Co.— Owns
from
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branohes, 19 miles.
Drv.— '92. '93. '94. '95. '96. '97. '98. '99 '00. '01. '02. '03. 1904
1
On com. 4 5 5 4*2 4
....
5
5ifl 7
On pref 7 7 7 7 7
5
5
6
7
6
6
In 1904, on common, Jan., 1 p. o. the July dividend was passed. On
.
pref., Jan.,
3^
p.
c; July.ai^
p.
c
Annual Report.— Report for 1903 was
dross.
1903
1902
-(V. 77,
Net.
$934,532 $372,058
860,246
345,606
given in V. 78,
Interest.
$106,190
106,190
p.
1388.
Ihvid'nds.
Balance
$208,587
120,000
sur.$57.282
sur.119,416
1388; V. 79, p. 151.)
Mine Jet. to AbbeviUe, La., 16
miles. Stock, $300,000, of which $298,500 owned by Morgan's Louisiana & Texas RR. & Steamship Co. (So. Pac. system). Year 1902-03,
p. 146; V. 78, p.
Iberia
229, 583,
& Vermilion BB.— Salt
gross, $72,290; net, $40,278; other income, $3,786; int., tanes, etc.,
$3,7 86; bal., sur., $27,024.
Illinois Centra]
(See Map.)— Road.— Operates from Chicago,
111., southerly to New Orleans, La., 912 mUes, and westerly to Sioux
City, la., 509 miles, with numerous branohes. viz. (flwhioh see):
Road owned in fee.
Miles.
Miles
Chicago to Cairo, IU.
Main 706 Evansv. Line (Ohio Val. RR. 139
CentraUa, HI., to East
Mem., Ten., to Grenada.Miss. 100
stem.
Dubuque, la
Yazoo
Mississippi Val. RR.
Dubuque
Sioux City H.
730
Memphis toN. O. and brs... 1,175
Switz City to Effingh'm, HI.
Louis Alton & Terre H. . . * 39
88 St.
Springfield to E. St. Louis,
Entire stock owned.
111.
(V. 71, p. 547)
98 Branches
773
Acquired— Oct., 1901,
Leased.
Peoria, 111., to Evansville,
Chicago & Texas (8ept.'97) . .
80
Iud.,with 6 m. branch (V.
Track'ge Oliver Br. to Thebes
9
73, p. 391,665)
251
BB.—
i
Total available income
Fixed charges
Dividends on pi eferred
Dividends on common
Balance, year's surplus....
Officers.— President, N. Monsarrat, Columbus; Sec and Treas., WN. Cott, Columbus; Ass't Sec. and Treas., A. H. Gillard, New York.
DIRECTORS— Charles B. Alexander, Robert Bacon, R. M. Gallaway, Thomas F.
Ryan and Charles Steele, New York; Ralph W. Hlckox, Charles G Hukox
and James H. Hoyt, Cleveland; P. W. Huntington N. Monsarrat, W. F. Good
Warner and William N. Cott, Columbus. O.
-(V. 78, p. , 2441; V. 79, p. 1023, 1262, 1282.)
speed, R.
S.
Hoosac Tunnel Jk Vr ilmington BB.—Narrow Gauge.—
Owns road from Hoosac Tunnel, Mass., to Wilmington. Vt. 25 miles.
,
In Aug., 1904, a syndicate purchased the road and proposes to
change it to standard gauge in spring of 1805 and operate it in connection with development of about 120,000 acres of spruce land In
Southern Vermont. V. 79, p. 903.
Earnings for year 1903-04, gross, $67,421; net, $17,308; bond interest, $12,500; dividends (2 p. c), $5,000. Divs. in 1896. 1 p. c; in 1897
to 1903. Inclusive. 2 p. c yearly, President, John P. Kellas, Malone,
N. Y.-(V. 79, p. 903.)
&
<
&
Leased.
Chicago
— Control owned.
St. L.
& N. O.
Cairo, IU., to New Orleans.
Line to Louisville, etc . . .
S. W. & br'ches).. J
(C. O.
&
Total system June 30,1904 5,549
Of which earns, kept separate
Yazoo & Miss. Vail. RR
1,175
—
RR.
547
614
Total included in earns.
Julyl, 1904
4,374
In Sept., 1904, the Indianapolis Southern Ry., under construction
from Indianapolis, Tnd., south to Sullivan, 110 miles, was purchased,
affording, with the Effingham Division, a Une to Indianapolis. V. 78,
Branch from S*nd Ridge, 111., to Matp. 2442; V. 79. p 733,968.
thews Jet., 17 miles, was opened in Aug , 1901,
History, Leases, &c— Chartered in December, 1850. The oompany
pays to the State of IUinois 7 per cent (in 1904 $1,073,566) of gross
RAILWAY STOCKS AND BONDS.
1802
Adriany^vLenawee
Vol. lxxix.
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.
RAILWAY STOCKS AND BONDS.
Oct., 1904.J
For explanation of column headings, &c,
on first page of tables.
Miles Date Size, or
Amount Rate Per When
of
Bee notes
of
Par
Road. Bonds Value. Outstanding Cent.
Payable
Central— f Concluded)—
Trust bonds sterl. (seo. by Ch. St.L. &N.O. cons. ) U s
Ill
1st M.,8p.Div. ret m., (V.66, p. 1237) g.Us.xo\fcr
Kank. & 8.W 1st M.,Otto to Norman Juno. &brs.r 131
o*<fer
857
Collateral trust bonds, gold, $ Us
....
Cairo Bridge bonds, gold see remarks). U»..c*&r
T.Us.c*<fer
798
Col. trust, $25,000,000, g., on L. N.O.&
o*<fcr
218
Western lines, IstM., g.Us
St. L. Div. & Term 1 M., $10,000,000, g. Us. xo*<fcr
Do $5,000,000(8eeV. 65, p. 1173),g.,Us.x.c*<fcr ^239
553
Louisv. Div. & Term. M. $25,000,000, g. U s.xc'&r
567
Chicago St. Louis & New Orleans, 2d mortgage..
567
Consol. M. ($18,000,000), gold, int. guar.o*&r
J
.
,
(Do guar. p. & i
Memphis Div. 1st M.,
g.,gu. p.
<fc
i.
(end.). Us. o*
567
100
130
98
c*&r
1st M., g., $5,000,000. Us
o*
Litohneld Div., 1st M., g. $4,000,000.F
Purchased lines 1st M., $20,000,000, gold. Us...
Underlying St. Louis Div. & Terminal bonds.
St. Louis Alton & T. H.—
Bellev.&Carondelet,lstM.,Belle.toE.C.,gold.o'
17
51
Bellev. & El Dor., 1st M. (I.C.owns $100,000)0*
Louis Southern., 1st mort., gold.
o*
30
St.
17
Carbondale & Shawneetown 1st M., gold .c*
Iowa Falls & Sioux Citv— See statement of Dub uque
....
111. la. <« Minn.— 1st M., $5,000,000, g ,red 1C..C
,gold, $5,000,000. EC. c
132
Illinois Southern— 1st
Omaha Div.,
Me
. .
M
Indiana Illinois <& Iowa—Stock. $6,000,000
1st mortgage gold. $1 2,000,000. gold I C
Indiana Decatur <£ Western— See Cin. Ind. &
.
.
1886
1897
1881
1888
1892
1892
1894
S1897
J1897
1897
1877
Wes
203
500 &c.
1,000
500 &o.
1,000
500 &C.
1,000
500 &o.
1883
1880
1886
1887
1,000
100
111
inois
&
;
Com. stk. $ 7^% 7 7 5^ 6 5 y'rly. 5^
6 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 5s. The rental for the bridge is $180,000 in gold annually, of
which $20,000 goes to a sink. 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 mortg.
The collateral trust bonds of 1952 are secured by pledge with the U. §
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are secured by pledge
of the securities of the Louisv. N. O. & Texas (now Yazoo & Mississippi
Valley RR.), including all the $16,900,000 1st mortgage bonds, except
$68,000, all the $9,104,000 mortgage incomes and all but $96,000 of
the $10,000,000 land grant inoome bonds. See adv. In Chronicle, June
11, 1892, and V. 54, p. 964; V. 61, p. 112.
The Chicago St. Louis <6 New Orleans have their interest guaranteed
(by endorsement) until the prinoipal is paid. The 3^s of 1897 are guar.,
p. & 1., by endorsement— see guaranty, V. 65, p. 1071.
The Western Lines loan of 1894 is for $10,000,000, but $4,575,000
bonds can be issued only when the road from Iowa Falls to Sioux City,
184 miles, now subject to $2,800,000 of Iowa Falls & Sioux City bonds
(see Dubuque & Sioux City RR.) due in 1917, shall be transferred to
the trustee without enoumbrance. See Supplement of J an., 1899.
The St. Louis Division <6 Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for improvements, equipment, etc, and $1,499,000 are
held to retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton & T. H. system; see table above. See abstract of mortgage in V. 66, p. 138. See also V. 66, p. 133; V. 71. p. 546.
Louisville Division
Terminal mort. is for $25,000,000; of the bonds
81,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
Louisville & Nashville and to retire the L. & N. bonds thereon; $2,500,000 for new additions or extensions. Chicago 8t. Louis & New
Orleans took title to the Louisville Division and loined in making mortgage. See V. 66, p. 1 36, for abstract; also 8upp. of Jan., 1899. V.
65, p. 367, 516; V. 66, p. 133; V. 67 p. 581; V. 75, p. 671.
Of the $4,000,000 Litchfield Division bonds, $1,000,000 were reserved
for improvements, etc. V. 71, p. 547, 646.
The purchased lines 3*28 of 1904 ($20,000,000 authorized) cover
various minor lines acquired. Of the bonds, $12,162,000 (all held in
the treasury June 30, 1904) has been issued on 631 miles of subsidiary
branoh lines purchased, $5,338,000 is reserved to retire at maturity
$968,000 bonds of the Kankakee & Southwestern due 1921 (see bond
table above) and $3,470,000 bonds of the Chicago Madison & Northern,
which are pledged as part collateral for the collateral trust 4s of 1952;
and $2,500,000 can be issued only on acquiring title of Peoria Decatur
& Mattoon RR., 67 miles (see V. 71, p. 288; V. 79, p. 2273, 1642).
General Finances.— Bills payable June 30, 1904, maturing Sept.
<£•
20, 1904, to Feb. 27, 1905, $3,000,000.
EARNING8.-2 mos., $ 1904
Gross, $8,019,392; net, $2,514,255
July 1 to Aug. 31. } 1903
Gross, 7,793,305; net, 1,721,884
Report.—Annual meeting is held the third Wednesday in October.
Report for 1903 04 was in V. 79, p. 1261, 1273; editorial, p. 1239.
The following does not include Yazoo & Mississippi Valley.
Operating expenses
$46,831,116
34,735,682
1903.
4,301
$8,977,228
30,592,094
5,616,754
1902.
4,284
$8,020,649
27,710,782
5,089,599
$45,186,077
31,697,956
$40,821,030
28,014,340
Ketearnings
$12,095,454 $13,488,121 $12,806,690
Net reo'pts from interest, &o... 2,675,496
3,445,318
3,535,109
Miscellaneous
41,053
16,679
15,830
Total receipts
$14,812,003
Interest on 111. Central b'ds.... $2,961,615
Tnt.onChi.8t.L.&N.O.b'ds....
2,415,079
Rental Dub. & Sioux C. RR
Net rental St. L. A. & T. H
4
4
4
4
A.
g.
g.
gg-
J.
M.
3^g
3
3ia
g.
g.
6
5
F.
J.
J.
J.
J.
J.
J.
Whom.
3
London, Baring Bros.
g.
J.
6g.
J.
J.
7
4g. M.
4g. M.
1,
1950
Jan. 1, 1951
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1921
1952
Dec. 1, 1950
Nov. 1, 1953
Aug. 1, 1951
July 1, 1951
July 1, 1951
July 1, 1953
Deo. 1, 1907
June 15, 1951
June 15, 1951
Deo. 1, 1951
Aug. 1, 1951
.Ian. 1, 1951
July 1, 1952
do
do
S.
S.
do
do
do
do
do
do
June
J.
O.
D.
N.
A.
J.
J.
J.
D.
A.
&
&
&
&
.1.
July
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A.
&
A
&
F.
g.
g.
Dividends.
New York, 135 B'dway.
g. J/f&Drj
3^g. J/j&D/j
4 g. J. & D.
3
3i2
pal.WhenDue.
Where Payable, and by Stocks—Last
D.
J.
J.
1,
1,
1,
1,
Sept. 1,
Moh. 1,
July
1923
1910
1931
1932
New York
New
S.
D
A
Aug.
Apr.
Treas
,
or Chicago. Moh. 1, 1944
York.
Deo.l, 1953
Gr. Cent. Stat'n Feb. 1, '04,2%
do
J.
July
do
1,
1950
TEEN.
Oe ntral
UK.— (Concluded).
Total earnings
&
&
&
&
&
&
&
&
&
&
&
J.
g.
3»2g. J.
F.
5
See text.
5 g. M. &
4,000,000
4g. J. <fe
5,000,000 See text. F. &
4,850,000
4g. J. <te
1,000
1,000
1900
3i«
470,000
71,000
538,000
241,000
City.
1904
1903
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, at4peroentper annum
on its $10,000,000 stock deposited to secure the leased line slock.
Capital Stock.—The leased line stock is secured by deposit of
New Orleans stock. (V. 65, p. 1071.)
$10,000,000 Chicago St. Louis
Early In 1901 the stock was Increased from $60,000,000 to $66,000,000, in Nov., 1901, to $79,200,000, and in Aug., 1902, was further increased to $95,040,000, to provide additional equipment and facilities. See V. 71, v. 1066; V. 72, p. 241, 282; V. 73, p. 82,138, 666; V.
74, p. 1308 V. 75, p. 77, 498. Of the stock 78 per cent was in Oot.,
1904, held in America, $8,000,000 of this being owned by the Railroad
Securities Co. See that company in this Section. V. 71, p. 698, 779.
Drvis. ) 1886. '87. '88. '89. '90. '91 to '99. 1900. 1901 to Sept., 1904.
Tear ending June 30—
1904.
Miles operated
4,374
Passenger earnings
$9,554,743
Freignt earnings
31,692,575
Mail, express & miscellaneous.
5,583,838
$5,266,000
2.000,000
968,000
15,000,000
3,000,000
25,000,000
5,425,000
8,377,000
4,998,275
21,788,000
80,000
all,289,000
1,359,000
3,500,000
5,000.000
3,148.000
See text.
1,000
1,000
1,000
1,000
ASiou x
....
c*
£200
$1,000
1,000
1881
i.boo
1897
1,000
1889
1,000
1900 1,C00&0
1900
1,000
1904
1,000
In addition $5,266,000 consol. 5a are pledged to sec ure
Illinois Central
Iio7tds-l>Tlnoi-
INTEREST OR DIVIDENDS.
RAILROADS.
Illinois
1803
$16,949,269
$2,999,740
2,416,653
cr. 87,136
96,366
520,209
507,525
136,306
199,593
$16,358,496
$3,015,365
2,413,251
505,161
507,525
126,732
Miscellaneous
Dlvid'ds on HI. Central stock.. (6)5,702,400 (6)5,702,400 (6)4,752,000
Balance, surplus
$3,163,530
$5,076,992
$5,038,462
collate ral trust
bonds
of 1886.
Yazoo & Mississippi Valley.— Results on 1,173 miles in 1903-4;
1,162 miles in 1902-3. See report at length, V. 79, p. 1020, 1031; edit.,
p. 993. In Jan., 1903, $569,574 was paid for back taxes. V.77, p. 713.
Other inc. Interest, etc. Bal.,surNet.
Year
Gross.
1903-04. ...$7,868,335 $1,772,717
*3,558 $1,197,659
$578,616
560,606
1,656,925
39,792
1,136,111
1902-03.... 7,330,085
For surplus in 1903-04 as above, $33,000 was added to insurance
fund, the balance, $545,616, being all paid Sept. 1, 1904, to 111.
Cent, as owner of entire $9,104,000 Louisv. New Orl. & Tex. 2d mort.
income bonds on aooount of arrears of interest ($5,093,916) on July
1, 1904; $277,712 paid from earnings of 1902-03.
Officers.—President, Stuyvesant Fish; 3d Vioe-Pres. and Seo., A. G.
Hackstaff; Treas., E. T. H. Gibson. 135 Broadway, N. Y.
Directors.— Waltber Luttgen, John W. Auchincloss, J. T. Haraban Charles M.
Beach, Cornelius Vanderbilt, Stuyvesant Fish, Edward H. Harriman, John
Jacob Astor, Charles A. Peabody, John C. Welling, W. Morton Grinnell, R. W.
Goelet, and ex officio, Hon. Richard Yates, Gov. of Illinois.
-(V. 79, p. 627,681,733,968, 1261, 1273,1331,1641,1704.)
—
Illinois
Iowa & Minnesota
TLy.—(Sec Map.)—Under con-
struction from Momenoe, 111., to Rockford, 130 miles, of which Aurora
to DeKalb, 27 miles, is completed and in operation; an easterly extension from Peotone to Michigan City is proposed. To be an outer belt
line connecting all roads entering Chicago. Incorporated in Illinois
in Nov., 1902. Stock autdorized, $5,000,000; par of shares, $100.
Bonds are subject to call at; 107 and interest on six months' notice.
Of the $5,000,000 bonds authorized, $4,000,000 is issuable at not exceeding $30,000 per mile of main traok when completed in ten-mile
sections. The remaining $1,000,000 is issuable (a) on vote of not less
than two- thirds of the stock for acquisitions of completed connecting
lines, the bonds to be a first lien thereon at not exoeeding $30,000 per
mile or (b) at not exceeding $200,000 yearly for additional lands,
buildings, side traoks, second tracks, terminals, improvements and
rolling stock, but only when the portion of the road for which they are
acquired is in operation rV. 78, p. 2599; V. 79. p. 103. President,
H. W. Seaman, "The Rookery," Chicago, 111— (V. 79, p. 103.)
Illinois southern Ry.— Owns Chester 111., to Salem, 111., 84 m.,
and Sparta to Rosborough, 5 m.; Little Rook Landing to Bismarck, 43
miles, completed Aug., 1903; trackage, Centralia to Branoh Jot., 3 m.;
total, 135 m. Successor June 1, 1900, of the Centralia & Chester
RR., foreclosed. V. 70, p. 1048; V. 71, p. 29. Stock authorized, $5,000,000, Including $1,000,000 6 p. o. cumulative preferred. Of th©
bonds $4,000,000 was Issuable at onoe, the remaining $1,000,000
being reserved for improvements and equipment during calendar
years 1904-8 at not exceeding $200,000 yearly. V. 79, p 500.
For year ending June 30, 1903, gross, $147,598; net, $10,276; int.
and taxes, $37,828; bal., def., $27,552. President, J. W. Walsh;
Treasurer. A. F. Williams Sec and Auditor, C. F. Weinland, Grand
Central Station, Chicago, 111.— (V. 78, p. 1223; V. 79, p. 500.)
Indiana Illinois
Iowa
Owns from South Bend, Ind.,
to Seatonville, 111., 192 miles, with branches, 13miles; trackage, 9 miles;
leased if or 50 years from Feb. 23, 1900, the St. Joseph South Bend
Southern RR., South Bend, Ind., to 8t. Joseph, Mich., 36 m.; total, 250
miles. Lake Shore &Michlgan Southern in Dec, 1903, owned $4,870,500 of the $5,000,000 stock. V. 74, p. 41.
Dividends.— Oct., 1899, to Feb., 1904, inclusive, 4 p. o. per annum;
the Aug., 1904, div. was passed. V. 78, p. 2599.
Bonds.— Of the $12,000,000 1st 4s of 1901, $7,500,000 were issuable
only for new property and improvements; of these, $350,000 were
issued in 1902 for new equipment, side tracks, etc. V. 71, p. 1269; V.
72, p. 87, 722; V. 74, p. 1251.
Earnings.— 2 months, > 1904
Gross, $248,350 net, $60,044
July 1 to Aug. 31.
51903
Gross, 243,987; net,
30,925
Surplus over charges, $19,046, against, def., $9,781 in 1903
Earnings.- Report for year end. June 30, 1903, was in V. 77, p. 2034.
In 1903-4 (partly estim.), gross, $1,630,324; net, $3 6,430; charges,
$214,000; dividends (2 p. a), $100,000; bal., sur., $2,430. In 190^-3,
gross, $1,747,802; net, $482,133; Interest, rentals, etc. $214,134;
dividends (4 p. c), $200,000; balance, surplus for year, $67,9&9.—
(V. 78, p. 2o99; V. 79, p. 1642.)
;
&
RR.—
&
;
i
Indianapolis Southern
In Sept, 1904, the Illinois Central acquired the road, projected from Indianapolis to Sullivan, 110
miles, of which Indianapolis to BloomiDgton, 53 miles, was about completed, in order to form, in connection with its Effingham division,
Effingham, 111., to Switz City, Int., 88 miles, a line into Iudianapolis.
79, p. 968,' 1642.
Stock. $2,000,000, all of one class. Bonds
($5,0u0,000 authorized) are subject to call at 110 at end of any 10year period.— (V. 77, p. 510; V. 78, p 2442; V. 79, p. % 33, 968).
Indianapolis
Owns 3 miles of track, -93 of a mile
of road, with terminals at Indianapolis, Ind., and leases for 999 years
the Belt RR. of Indianapolis— 1213 miles (which see)
Ry.—
V
Union Ry.—
Formed in 1850 ana rurnisnes terminal facilities to the several
railroads entering Indianapolis. Capital— The Cleveland Cincinnati
Chicago & St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and
the Terre Haute & Indianapolis are virtual proprietors, they having Invested in it $861,817 to J une 30, 1902. No stock outstanding.
Earnings 1902-03, gross, $762,603; net, $255,503; other inoome,
$5,986; total deductions, $181,559; balance, surplus, $^9,930.
& Vlncennes RR.— Owns from Indianapolis, Dad
117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Indianapolis
to Vlncennes,
RAILWAY STOCKS AND BONDS.
1804
[Vol. lxxix.
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CENTRAL
SYSTEM.
'ILLINOIS
Oct., 1904.J
RAILWAY STOCKS AND BONDS.
1805
RAILWAY STOCKS AND BONDS.
1806
Vol. lxxix.
INTEREST OR DIVIDENDS. «
Miles Date Size, or
pal.When Due.
Amount Rate per When
For explanation of column ueadings, Ac, see notes
of
of
Par
Where Payable, and by Stocks— Last
Outstanding
on first page of tables.
Road. Bonds Value.
Cent.
Payable
Whom.
Dividend.
ttAil^Kt' Aj>ft
aoiuig— frinoi-
Indianap .fow<A.-l8tM.,red.llOtest,g.Usm.o*&r
tndicnapolis Un.—Xst M., g., s. f. not callable.
93
Indianapolis <e Vincennes— 1st M., gu. p. & l.(end.)o.
133
Interborough Rapid Transit— Stock, $35,000,000..
International <k Great Northern— 1st mort., gold
l,i09
2d mortgage, gold. F..
o* 1,109
3d M. ($3,000,000) (form'iyinO.g.incl.scripMe.c 1,109
Colorado Bridge bonds, sinking fund F
Interoeeanic By. of Mexico— Ord. shs., £1,700,000.
Preferred shares, 7 per cent, ouni., £1,000,000
Pr. lien deb., snbj. to call at par aft. Mch. 1, '97.
Four p. o. deb. stock, sub. call, par, £1,150,000.
Deb. stock, 7% "B," subj. to call. 120, non-eum..
FPc
.
1903
1886
1867
1879
1881
1892
1880
.
$1,000 Inl.C treas
5g. J.
1,000
$940,000
4»3g M.
1,000
1,700,000
7
F.
100 35,000,000 See text,
500 <feo. 11,291,000
£*• M
500 Ac. 10,391,000
M
500 Ac.
2,966,052
M
1,000
198,000
M
£10 £1,700,000
£10 £1,000,000
J*
£50
Second deb. stock, red. at 105 after 1911, text.
Mex. E. deb. stk., £ 450,000, guar., red. 105 beg.'14
Iotoa
Cent— Common
£100
£100
100
100
stock, $11,000,000 auth
Preferred stock, $7,400,000, 5 p. c, non-cum...
1st M. for $7,650,000, g.(abstr.,V.49,p.582)Me.o
Refund'g M., $25,000,000, g. See text.ltto..o*<fcr
Jacksonville <6 St. Louis—Stock Trust Certificates.
Jaoksonv. Southeast. 1st M., Jack, to Litchfield..
1st oonsol mortgage, $650,000, gold . ..PePo*
Income M, gold, non-cum., $1,650,000..
Jacksonville Ter— 1st M., $500,000, g., gu Mp..o*
Jamestown Ghaut. <& L.
1st M., $750,000. .N.c*
Jefferson— 1st A 2dMs,ext. in '87A'89 (H'dale Br.)o
let M. Carbondale to S. depot, g., gu. p.&i.FP.o*
Joliet <t Northern Indiana— 1st M. gu. p. & 1. M. C.c
Junction ( Philadelphia i—1st m.,guar.p.Ai.(ext'd).
General mortgage, gold, coupon, $750,000
lLanau>.<e Mich.— 1st M.$15,000p.m.g.gu. p.&i.Ce.o*
PeP
E—
Securities.— Stock, $1,402,000
Ac.
"iibo
503
541
1888
1901
1,000
1,000
"54
112
112
21
37
1880
1896
1896
1894
1901
1867
1889
1877
1882
1900
1890
1,000
8
37
45
362
362
164
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
par, $50; of which Pennsylvania
1, 1903, owned $1,401,900. The $1,400,000 guaranteed 2d 6s were purchased by Penn. BR. V. 72, p. 490.
Trcnd.Decjr. Gross.
Net.
Inter est.etc.
Balance.
Company on Jan.
1903
$694,571
1902........... 770,214
—(V. 70, p. 739.)
;
$110,581
83,514
$243,693
201,564
$133,112
118,050
def.
def.
Interborough Rapid Transit Co.— (See Map.)— Incorporated
May 6, 1902, In New York, and acquired stock of Rapid Transit Subway Construction Company. Operates tne municipal tunnel railroad in New York City. This road when fullv completed will extend
as a four-track line from the City Hall (with the two track loop
at that point) under new Elm St., Fourth and Park avenues, to
42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack lines, partly viaduct, (a) from 103d St., on the West Side, to
Klngsbridge Station, (b) from 103d St. to the East Sideand Bronx Park.
Extension south from City Hall under Broadway to the Battery and
under the East River via Fulton <fe Flatbush avenues to Atlantio
Avenue, Brooklyn, there connecting with the Long Island RR., is
under con truotlon, to be completed by 1906. Total to be about 65
miles of track on 25 miles of road. V. 77, p. 827.
On Oct. 27, 1904, the west side main line from 145th Street to City
Hall was opened. The east side line from 145th Street south will be
opened Nov. 10. The west side extension to Klngsbridge and on the
east side to Bronx Park are expected to be operated by spring of
1905. V. 79, p. 1331.
Leases Manhattan Ry. for 999 years from Apr. 1. 1903. See that co.
Contracts.—Contract with city calls for the construction of the
road from City Hall north for $35,000,000 and its lease to the company for 50 years from completion, renewable for another 25
years, the rental to be equal to the interest on the city's bonds issued
for construction (but not for eas-ements, etc) and a sinking fund of
1 p. o. yearly to retire the bonds, beginning 5 years after the road is
placed In operation, provided not less than 5 p. o. per annum is then
earned on the stock. The company must also at lt» own expense provide the electrical equipment, contracts for which will aggregate
$16,000,000. For contract see V. 69, p. 1063 The extension from City
Hall, Mauhattan. to Brooklyn, is to be built without aid from city except about $3,000,000. and leased for 35 years with privilege of renewal for 25 years. V. 75, p. 30, 184, 10^6, 1202. See V. 76, p. 101. As
to possible further extensions, see V. 77, p. 2338; V. 78, p 342, 1550.
In August, 1904, $41,366,000 city bonds had been issued, of which
$39,866,000 are 3»a per cents and $1,500,000 3 per cents.
STOCK.-Stock, $35,000,000; par of shares, $100. V. 75, p. 1301.
Voting Trust.— The stock is neld in a voting trust for 5 years from
May 12, 1902, E. Mora Davison, B. Hamburger and Charles B. Ludlow being the voting trustees.
Dividend.— First dividend, 2 p. c, paid July 1 1904, out of surplus
earnings of Manhattan Ry. V. 78, p. 2384.
Earnings.— Estimated yearly earnings from operations of tunnel
road irom City Hall, Manhattan, to Kingsbrid^e aud Bronx Park are
at outset gross, $7,500,000; Let, $4,125,000; interest on New York
City bonds, $1,295,000; bal., surplus. $2,830,000, or over 8 p c on
the stock. Balanoe sheet of June 30, 1904, V. 79, p. 731. Earnings of
Manhattan Ry., see that company.
Directors.— Alfred Skitt, Morton F. Plant, August Belmont, Andrew
Freedman, James Jourdan, J. B. MoDonald, W. O. Oakman, John
Peirce, Geo. W. Young, Wm. A. Read, Cornelius Vanderbllt, New York
E. P. Bryan. N. J., and wardiner M. Lane, Boston.
President. August Belmont; Vice President, E P. Bryan; Secretary
H. M. Fisher; Treasurer, D. W. MoWilllams. Offices, 5 Park Row
Building, Western Union Building and 23 Nassau St., New York
tV
l
79, p. 968, 1023, 1331, 1462.)
,
—
International A Great Northern RR, (See Map Missouri Pacific).— Long view on Tex.& Pao. (near Shreveport, La.,) southwesterly
Houston and Galveston, also to Laredo, Tex., on Mex. National RR
and from Spring northerly to Ft. Worth.
Lines owned—
Miles
Joint trackage —
Miles.
Longview, Tex., to Laredo,
494 Galveston Houston A Hen.
Palestine to Houston, Tex
150
Qointly with M. K. A T) . .
50
Mlneola, Columbia, etc.,
Other lines
26
branches
.-,
121 Houston Oak Lawn A MagFort Worth to Spring
261
noliaParkRy
10
Navasotato Madisonville
47
Total system June. 1904... 1,159
Organization.— Reorganized without foreclosure in 1892 under plan
54 p 203 366 Stock authorized is $25,000,000; outstanding,
!5,y,W
*
to
.
-
.
-
$9,755,000; par, $100; controlled in Interest of Mo. Pao. On May 1
1901, the Calvert Waco A Brazos V. Ry., in operation from Marlln to
Bryan, 66 miles, was merged, and was extended in 1901-02 from Marnorth to Ft. Worth and from Bryan south to Spring, 22 miles north
of Houston, making through line Houston to Ft. Worth 280 miles
V
72, p. 872. As to projected extensions to New Orleans, etc, see V 75*
V 76 P- 480i v 74 > D l038 of the9e . branch from Navasota
¥• }}*£
tA Madisonville, 47 m., was completed Oct., 1903. The Houston
Oaklawn A Magnolia Park Ry. was acquired in Dec, 1903. V.78 p 48 287
Bonds.— The second mortgage interest, scaled to 4«a per cent, until and
lnoluding Sept. 1, 1897, is now 5 per cent ; but in case of default the
rate reverts to 6 p. o. as formerly. V. 73, p. 445. In June, 1904, equipment lease warrants, includ. Int., $217,441, payable monthlv to 1908
lln
-
'
Equipment bonds, $666,000.
-
-
&
New
J.
A N.
A A.
A N
& 8.
A 8.
A N.
M A
S.
July
&
N.Y., office, 195 B'way.
do
do
See remarks.
N.Y., office, 195 B'way.
£400,000
5
J. A J.
£699.886
4
MAS 15
£469,459 37 ieln'00
4ia
£1,150,000
£400,000
5
jad" 15
8,521,983
5,674,226 lis in '00
7,649,544
J.
4.611,000
at
1,500,000
York.
Phila., Fidelity Trust.
N. Y., Farm. L.
Tr. Co.
for 1902-3.
London.
N. Y. office, 25 Broad
Nov.
1,
1918
Sept. 1, 1909
Sept. 1, 1921
May
1,
1920
Mch. 31, 1912
Sept. 15, 1950
Sept. 15, 1950
1950
Jan. 1, 1984
London.
44^
1, 1953
1, 1926
Feb. 1. 1908
July 1, '04,2%
May
St.
Mar.
1,
'00,1 it
& D. N. Y., Mercantile Tr. Co. June 1, 1938
A S.
Mar. 1, 1951
j. A J.
6
July 1, 1910
A. & o. Phlla.,Penn.Co.for Ins. Oct. 1, 1925
J. A J.
None paid.
Jan. 1, 1935
J. A J. N.Y., Guaranty Tr. Co. July 1, 1939
II: J. A J. N. Y., Sec & Trust Co. Jan.
1951
4i«& 6 J. A J. Phila., Fidelity Tr. Co. July 1, 1927
1,
A. A o.
N.Y., Erie RR.
1,
5* J.10AJ. N. Y., Farm. L. & Tr. Co. Jan. 10, 1909
July
1907
4i«
J. A J. Phila., Bread St. Sta.
July 1, 1907
3ifl g. A. A o.
do
do
Apr. 1, 1930
4g. A. A o. N. Y., Central Tr. Co. Apr. 1, 1990
300,000
350,000
1,650,000
500,000
600,000
300,000
2,800,000
800,000
425,000
300.000
2,469,000
Earnings.—Jan. 1 to Oct. 7, gross, $4,020,346 in 1904; In 1903,
$4,075,759. Report for the year ending Dec 31 was In V. 78, p. 1165.
Tear.
Gross.
Net.
Other inc.
Charges.
Balance.
1903
$5,887,128 $1,437,681
$7,957 $*1,443 057 sur. $2,581
1902
5,248,913
1,383,988
10,092 *1,379,569 sur. 14,511
* Charges In 1903 above include about $95,802 for new
equipment;
in 1902, $101,471 -(V.78, p. 48,229,287, 989, 1109, 1165.)
Interoeeanic Ry. of Mexico, Lim.— Seepage 1911.
Iowa Central Ry.— (See Map)— Operates Peoria, 111., west to Oskaloosa, la., thence northerly to Albert Lea, Minn., forming a through
line via Minn. & St. Louis RR. from Peoria, 111., to St. Paul, Minn.
Owns—
Miles.
Leases— (stock owned.)
Miles.
Iowa June, HI., to Manly Jo.,
la. C.
W., Belmond to Algona. 37
Iowa
340 Track, Iowa Junot'n to Peoria. 3
Branches to Belmond, eto
151 Manly Jot., la., to Albert Lea,
Minn, (ownedjointly)
14
Totalln earnings July 1, 1903
.T558
History.— Reorganization (by plan in V. 44, p. 653) of the Central.
<bwa sold In foreclosure in 1887-88. In June, 1900, Minneapolis & St.
Louis Interests obtained control through purchase of the common stook;
the two properties are operated in close connection. V. 70, p. 1249.
Capital Stock.—The preferred Is entitled to 5 per cent (non-onmulatlve),then common to 5, then both share pro rata. (V. 62, p. 548.)
Dividends.—On preferred stook In 1892 1 p. c; in 1899, 3 p. c; in
1900, lJfl p. c, none since. V. 71, p. 258, 342.
Bonds.— The refunding 4s of 1901 are seoured by a mortgage on the
entire property now owned or hereafter acquired, subjeot to the $7,650,000 first 5s, for whioh an equal amount is reserved. The balance
are issuable for future extensions at not exceeding $25,000 per mile.
Improvements and equipment. V. 73, p. 899. In Feb., 1H04, made a
temporary loan for less than $1,000,000 for capital requirements. V.
78, p. 768.
Earnings.— 2 months, )1904.
Gross, $401,723; net, $52,223
July 1 to Aug. 31.
$1903
Gross, 397,373; net, 88,329
Annual Report.— Report for 1902-03 was in V.77, p. 2277. Soft ooal
tonnage in year 1902-03 was 795.373 (47 p. c of total tonnage).
Tear ending June 30.
1904.
1903.
1902.
1901.
Miles oper. June 30
....
558
558
506
dtroaa earnings
$2,377,105 $2,405,543 $2,543,350 $2,284,123
BTet earnings (over taxes)
334,473
438.553
437,549
387,514
Tot. net reo'ts (inol. rents)
555.968
506,929
438,757
&
Interest, rentals,
Ac
554,324
504,014
431,709
1,644
*$2,915
$7,049
Dividends on preferred..
Balanoe,
•Adding
surplus
profit
on Iowa Central & Western stooks and bonds in
excess of cost ($201,623) malies surplus for year $204,538.
Pres't (July, 1903), Edwin Hawley.— (V. 78, p 768, 2442;)
Jacksonville A Southwestern
See Atlantio Coast Line
RR. Year ending June 30, 1903, gross, $204,921; net, $66,775; total
deduofns, $43,600; bal., sur., $33,175.- (V.77, p. 89; V. 79, p. 501,733.)
Jacksonville Terminal Ry.— Owns union passenger depot
[the latter opened Feb. 1, 1895,] and terminal properties at Jacksonville, Fla., including 20 miles of traok, used by Atlantio Coast Line
RR., Seaboard Air Line, Jacksonville St. Augustine & Indian River
(now Florida East Coast Ry.) and Southern Ry. whioh companies guarantee by endorsement the prinoipal and Interest of above bonds, and
own the entire stook. Georgia Southern A Florida Ry. also uses depot
V. 71, p. 135. For year 1902-03, gross, $128,010; net, $9,331; other
inoome,$25.000; deductions, $30,311. (V. 71, p. 135.)
RR.—
James Ray Ry., Ontario.— V. 79, p. 903
Jamestown Chautauqua & Lake Erie Ry.— Jamestown,
to Westfleld, 31 miles; branches, 6 miles; trackage, 1 mile; total, 38
miles. Incorporated in Sept., 1900, and purchased the stook and about
95 per cent of the $250,000 bonds (5s) of the Jamestown A Chautauqua Ry. and entire stook of Chautauqua Steairboat Co., operating
11 steamers on Chautauqua Lake. Stock, $600,000, all common. For
year ending June 30, 1903, railroad earnings were: gross, $89,846; net,
$14,113; other income, $640; oharges, $20,161; bal., def., $5,408. President, F. L.
Chase.-(V. 76,
Jefferson
p. 212.)
RR.— Owns
Lanesboro, Pa., to Carbondale, Pa., 37
miles double track; branoh. Hawley, Pa., to Honesdale, Pa., 8
miles. Leased In perpetuity to the Erie RR. Co. for $140,000 per
annum for main line and $14,940 for branoh. Used by Delaware A Hudson to reach Carbondale. Stock, $2,095,450; all owned by Erie RR.
RR.—
Joliet 6c Northern Indiana
Owns Joliet, 111., to Lake
Station, Ind., 45 miles. Road opened in 1854 and leased to the Michigan Central. Stork ($300,000), all owned by the Mich. Cent., carries
dividends of 5 per oent per annum. (V. 76, p. 752).
Junction
(Philadelphia).—Owns Belmont, Pa., to Gray's
Ferry, Pa., about 3 miles.
Leased for 50 years from Maroh 1,
1899, to Phila. Bait. A Wash.; lessee to pay fixed charges, keep road
In repair and pay bond Interest and 6 per oent on stock; bonds are also
eniorsed with guaranty of Pennsylvania, Phila. Wilm.
Bait, and
Philadelphia
Reading roads, luade prior to lease. Stook $250,000;
(par $50), now all held by Phila. Bait. A Wash, and the Pennsylvania.
V. 68, p. 428. Dividends— in 1891, 40 p.c, in 1892, 35 p.c. in 1893,
30; 1894, 15; In 1895, none; 1896, 15 p. c; 1897. 10 p.c; 1898, 20 p. c;
since 6 per oent yearly under lease.— (V. 68, p. 428.)
RR.
A
A
OCT., 1904.]
RAILWAY STOCKS AND BONDS.
1807
RAILWAY STOCKS AND BONDS.
1808
Little Falls
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RAILWAY STOCKS AND BONDS.
1809
RAILWAY STOCKS AND BONDS.
1810
RAILROADS.
For explanation of column headings,
on first page of tables.
Boiuts— Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal, When Dae.
Par
of
of
&o., see notes
Stocks— Last
Road. Bonds Value. Outstanding
Whom.
Cent.
Payable
Dividend.
Ktn.O. Felt— 1st ($534,000 gu. K.C.F.S.AM.).NB.c*
Kxn. Oity Olin. <6 Spring.—1st M., g., guar.NB..o*
Pleasant Hill A De Soto 1st mortgage, gold.NB
K.
Ft. S. & Mem RR. 1st M., g., assumed. IN
Kansas City Fort Seott A Memphis My. —
B
10
162
34
85
1886 $1,000
1885
1,000
1877
500
gu.p.4 l.end.x.Me.cAr..
*767
1901 1,000 Ac
J.
Hef. M., $60,000,000,
g.,
Underlying Bonds
o*
K. C. F. 8. & G. 1st M., I'd. gr.,8. f., dr'n at 110.
Ft. Scott So'eastern & M.. 1st M., dr'wn at 105.0*
Memphis K. & Col. IstM
o*
"*
Kansas & Missouri RR. 1st mortgage
K. C. F. S. A M. RR. oon.M
Current Riv. RR. 1st M., $20,000
NB..6*
B
m., guar.iv
Kan. C.& M.R'y
dgeistM.g.,s.f.,dr'natll0.c*
Kansas Equip. Co. 1st M. guar., s. f., red. at 110.
Ft. Scott Equip. Co., 1st M., call at par
Ozark Equip. Uo.lstM.,gu.,$l,000.000,oallat par
AB
Mem. &
p.
,
gen.M.,$4,500,000,our.OB.o*
Inc., non-cam. Part stamped— see text.OB.c*
Birm. Belt 1st M., g., red. 102^, gu.p.&i.end.OB
Memphis Equipment Co., guar., red. at 110
o*
Kan. Oity Mex. <6 Orient — 1st M., g., see text
outer Belt <£ Elee. -1st M., $3,000,000, g.
Kan. Oity
Kansas Oity Southern— Stock, com., $30,000,000
Pref. stock, 4 per cent, non-cum., $21,000,000...
1st mortgage, gold, $30,000,0u0.Me
o*&r
K. C.
[Vol. lxxix.
Bir.
160
100
50
26
719
82
3
285
285
16
1,000
$2,250,000
3,192,000
58,000
2,000,000
6
16,156,000
4g.
5g.
7g.
6g. M.
1879 100 &c.
2,103,000
1880
1,000
a571,000
1884
1,000
492,000
1882
1,000
390,000
1888
1,000 yl3,736,000
1887
1,000
1,606,000
1889
1,000 b3,000,000
1889
1,000
C7 6 1,000
1899
1,000
167,000
1900
1,000
630.000
1894 500 <fec.
3.323,390
1894 500 &C. X6.322.780
1902
1,000
1,000,000
1,000
1890
dl89,000
1901
1,000
(1)
1903
1,000
1,500,000
1900
1,
000 Ac
30,000,000
21,000,000
29,999,500
A.
J.
M.
M.
F.
M.
A.
M.
M.
g.
A.
F.
ggI
F.
A.
A J.
& O.
& O
& N.
& O.
& D.
& 8.
& S.
& A.
& N.
& O.
& O.
& J.
A J.
& N.
A 8.
X
A O.
A A.
& A.
& O.
Boston, Of., 50 State St.
Boston, Old Colony Tr.
do
St.
July
do
1,
1928
Oct.
N.Y., Mercantile Tr. Co.
1,
1936
1,
1908
1910
1910
1922
1928
1927
1929
1905
1909
Boston, Old Colony Tr. June
do
do
do
Merc Tr. &
Sept. 1,
Sept. 1,
Aug.
Bost.
May
Boston, Old Colony Tr.
N.Y.,Mer.Tr. Co. &Bos.
Boston. Old Col. Tr. Co
Oct.
Oct.
N. Y.,
do
do
do
do
do
do
do
do
Jan.
July
Mch.
Moh.
New York.
Oct.
York.
To be b eld in v oting trust for 5 years.
3g. A. & O. Treas. off., 120 B'dway, Apr.
Kanawha Ac Michigan Ry.— (See Map
Toledo <& Ohio Central.)—
Corning, 0., to Gauley on the Ches. & Ohio, 177 miles, less 18
miles, Pomeroy to GalUpolls, and 1 mile, Athens to Armltage, where
Hock. Val. Ry. traoks are used. Also owns branch of 11 miles leased
to Toledo A Ohio Central and Col. Sandusky A Hooking Ry. companies.
HISTORY, Etc.— Reorganization in April, 1890, of the Kanawha A
Ohio Railway sold in foreclosure. (V. 50, p. 451, 483.) In Oot., 1890,
a large interest in the stock was acquired by the Toledo A Ohio Central,
whioh has guaranteed the bonds, principal and Interest. (See V. 52, p.
165. 351.) Capital stock $10,000,000 ($1,000,000 in treasury July,
1904). The first mortgage bonds are limited only to $15,000 per mile
of road constructed. June 30, 1904, oar trust 5 p o. notes, $ ,43 V 74
of which $1,3»6, '^50 payable 1912; bal. monthly; obligations on con
tract equip., $323,645; special equip, and betterment loan, $1,095,000
Latest Earns.— 2 mos., > 1904
Gross, $309,609; net, $51,544
July 1 to Aug. 31.
$1903
Gross, 291,1^3; net. 42,370
8ur. over 2 mos. oh'ges., $12,472 in 1904, agst. sur. $5,572 in 1903.
Annual Statement.— Report for year 1903 4, in V.79, p. 1328, showing gross, $1,657,666; net,$306.419; other inc., $7,982; int., taxes, etc.,
f256,023; balance, surp., $8,358— (V. 77, p. 1*90; V.79, p.. 1348.)
Kansas City Belt By.— From Argentine to Valley of Blue River, 10
outstanding
miles.
Stock authorized $2,500,000 (par, $100);
owned one-half by Atchison Topeka
$550,000 (par, $100);
and three-tenths by Kansas City Fort Scott A MemA Santa Fe
phis and two-tenths by Chicago Milwaukee A St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
from 1888 to O M. A St. Paul and Atchison Top. & 8. Fe (Jointly with
other companies) for payment in each oase of 3 p. o. per annum of
cost of property used with equal proportion of oost of conducting
transportation and maintenance acoording to wheelage. The mort
gage is for $2,500,000. The Chicago Rook Island & Pacific Ry.
contracted to use the facilities, on completion of its road into
Kansas City in 1904. V. 78, p. 1446. For year ending June 30,
1904, gross, $40%870; net, $142,770; Interest, taxes, etc., $173,713;
balance, def., $33,943.— (V. 78, p. 1446.)
Kansas City Clinton Ac Springfield By.—Owns from 01athe>
Kan., to Ash Grove, Mo., 154 miles; Raymote Jet. to Pleasant Hill.
Mo., 8 m.; Arcadia, Kan., to 8i>ring£eld, Mo, 85 miles (acquired Sept.,
1901 from Kansas City Fort Soott A Memphis RR.); total, 247 miles.
Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft Scott A
Mem. RR. (old co.) Under purchase from K. C. Ft. 8. A M., $2,000,000
six p. o. bonds of that oompanv, were assumed. For year ending
June 30, 1903, gross, $356,656; net, $149,772; other income. $46,212;
interest and taxes, $293,018; bal., def., $97,034.— (V.i73, p. 236, 723.)
Kansas City Fort Scott 6c memphli By. (See Map of St.
Louis dk San Franctseo Railroad company.)— Operates road extending from Kansas City, Mo., to Memphis, Tenn., and branches,
871 miles, including trackage 85 miles from Arcadia to Springfield,
Mo., owned by K. U. Clinton & Springfield Ry.(whloh see above). Also
has a controlling interest in stock of the K. C. Mem. & Birm. RR.,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch,
285 m., and of Kansas City A Memphis Ry. & Bridge Co., owning bridge
across Mississippi River at Memphis, 3 miles. Total, 1,142 miles.
Organization.— Incorporated on June 14, 1901, and Is vested with
the property of the former Kansas City Ft. 8. A Mem. Railroad other
than the 85 miles from Arcadia to 8pringfield, sold to the Kansas City
Clinton <fe Springfield; also controls other mileage. V. 72, p. 1237. See
V. 72, p.438, 532, 675, 988. The St. Louis A San Francisco RR. owns
the entire stock and leases the road, guaranteeing the bonds of 1901,
principal and interest, and 4 p o. on preferred stock trust certificates.
Stock.— Common authorized, $45,000,000; outstanding, $15,000,000, all owned by St Louis A San Francisco RR The pref. stook,
$15,000,000 authorized, of which $13,510,000 is outstanding, par
JS100) is deposited in escrow, and against it are issued trust certificates
of the St. L. A San F. RR., the latter having the option to retire the certificates at any time at par, and obligating itself to pay oft the whole
Issue in 20 years from date, meanwhile obligating itself to pay quarterly dlvs. of 1 p. o. thereon, beginning Jan., 1902. See V. 72, p. 1238.
Bonds.— The refunding bonds ox 1901 (limitea to $60,000,000) are
to be secured by all property now owned, or hereafter acquired with
the proceeds of the refunding issue. Of the bonds, $11,650,000 were
subscribed for in June, 1901, about $31,025,770 were reserved for
exchange against the face amount of underlying bonds, $3,000,000
for refunding purposes, $5,000,000 for improvements, betterments
and new equipment at the cumulative rate of $600,000 per annum,
and the residue, as well as any bonds not used or required for refunding purposes, will be reserved for issue for additional lines and extensions, at not exceeding $22,500 per m. thereof As to guaranty on bonds
of 1901, see "organization" above. V. 75, p. 853. See V. 78, p. 1446.
In 1902 the K. ('. Ft. Scott A Mem. Ry. guaranteed the interest on all
except $424,280 of the $6,322,780 Kansas City Mem. A Birm. Income
bonds, beginning Mar. 1, the bonds so guaranteed being stamp' d with
a provision making them subject to call at any time within 10 yenrs
from Sept. 1, 1902, at 95 and Interest. V 74, p. 477, 577. Equipment
notes, $65,510 fives, due quarterly, July 1, 1904, to Oct. 1, 1908.
Birmingham B> It bonds are guaranteed, pnn. and int.. jointly byKansas City Memphis A Birm. and St. L. A San Fran. V. 75, p. 1147.
Report.—The earnings, lnoludlng 247 miles of K. O. Clin. A Springfield Ry., were (later earnings are inoluded with thoseof bt. LAS. F.):
e,
1
,
1 '10
1,
1,
1,
1,
1934
1934
1922
1905
1951
1953
1,
195a
Aug.
Feb. 1,
Apr. 1,
Inoludes (a) $533,000. (b) $169,000, (c) $238,00 0, (d) $75,00 0, held a live in 8inkl ng funds.
x All except $424,280 are fixed-interest bonds; oonpo ns MA 8. V. 7 4, p. 829
y Inolud es $2,00 0,000 assumed by K. C. CI.
* Also covers majority of stock of Kan. City M. & Blrmii
285 miles, a nd provides for retire ment of its bonds.
Owns
1,
1,
1,
1,
1,
1,
May-Nov
Boston, Old Col. Tr. Co.
N. Y., Am. Ex. Nat. Bk.
New
1916
May
Louis, Mo.
do
do
do
1,
Oct. 1, 1925
Oct., 1907
& 8p.
Fear—
Charges.
Bal., sur.
Oros$.
Net.
Oth. inc.
1900-01... $8,840,857 $3,427,913 $77,087 $2,054,983 $1,450,017
From surplus as above were paid in 1900-01 dlv. on Kan. C. Ft. 8.
A Mem. pref. (8 p. c), $219,984 dlv. on common (4 p. a), $395,920
int. on K. C. M. A B. incomes (5 P.O. $316,863; charged off, 1 63,032;
leaving final surplus of $454,2187— (V. 79, p. 269, 1642, 1704.)
;
%.
|
Kansas City Memphis Ac Birmingham BK.—See Kansas
Oity Fort Soott A Memphis Ry. above.— (V. 75, p. 1147.)
Kansas City Mexico A Orient RR.- (See Map.)— Projeoted
to extend from Kansas City, Mo., to T>polobampo Bay, Mexloo, on the
Pacific coast, 1,629 miles; also a cut-off from San Angelo to Spofford
Junction, Tex., connecting there with Mexioan lines for City of Mexico. In Ootober, 1904, one-half of the line was graded and several
sections were completed and in operation. This Includes 132 miles
from Wichita, Kan., to a point below Fairview, Okla. Track-lay lng is
in progress from Sweetwater, Tex , north toward the Red River, and
the grading is praotloally done been Sweetwater and Fairview. Considerable grade work has be*n done between Sweetwater and San
Angelo. Tex., and between Wichita and Emporia. Kan. Track-laying
is just being completed into Wichita from the southwest and the work
will be pushed on toward Kansas City.
In Mexico a section of 65 miles from the Pacific terminua eastward
has been finished and put in operation and the grading begun on the
ade with tLe Chihuahua
e ext section A trackage agreement has been
A Pacific for use of its line of 125 miles from 'hihuahua westward.
(See V 71, p 181; V. 75, p. 1253). The work of building from both
ends of that line is in progress, the grade having been carried from
m
<
Minaca westward through the mountains about 40 ulles. From
Chihuahua eastward the road is completed and operated to Alaama,
36 miles, and grade work is progressing toward the Rto Grande. The
company has its own coastwise service from Topolobampo, and the
Hamburg-American SS. Co. has contracted to establish a trans-Pacific
Libt-ral subline as soon as the railroad is completed (V. 77, p. 401
sidles have been granted by the Feoeral and State governments in
M-xico See prospectus, V. 75, p 1253
The Kansas City Outer Belt A Electrio RR. (see that oompany below) will, when oompleted, afford terminal facilities and an entrance
into Kansas City. V. 76, p. 331.
Securities.— Stook authorized, $20,000 per mile each in common
and non-oumulative 4 per cent preferred stock. Stook is held in a
voting trust for 10 years or more. Bonds (U. S. A Mexican Trust Co.,
trustee) are issuable at $22,500 per mile, siugle main track, $15,000
per mile of yard and terminal track, and $12.<i00 per mile of double
)
track, constructed or acquired; also. $2,500,000 for extra work In
Sierra Madre Mountains, $5,000,000 for terminal facilities at Kansas
City or Topolobampo, or both,
$10,000,000 for future requirements and additional rolling stock at not over $1,000,000 yearly, beginning Feb. 1, 190-i. V. 78, p. 102. Mexico A Orient Townsite Co.
bonds, V. 78, p. 1109, 1113.
Officers— President, A. B. Stllwell; 1st Vice Pres., Knrique C. Creel; 2d
W. Sylvester; 3d Vtce-Pres and Gen. Mgr., Kuward Dickinson;
Vice Pres.,
Secretary. Neal 8. Dorarj; Treas., W. A. Rule. Among the directors are GeorgeGould, J. T. Odell. Russell Harding, W. C. Procter and Robert C. Clowry.
J.
(V. 77, p. 2098, 2339; V. 78, p. 102, 237, 1109; V. 79. p. 151.)
Entire stook, $4,016,000
Kansas City Northwestern
(par S100), and $2,983,500 "B" bonds were purchased in Nov., 1900,
by Mo. Pao. Ry., which see; also Supp. of Jan., 1903. Earnings are inoluded in income account of Mo. Pao. Ry.
nd
W
—
KB.—
Kansas
BK.—
This
Outer Belt (Uearo) Ac Electric
constructing a belt line road at Kansas <Hty, the main
No.
line, double track, being 7 miles in length, extending from
Kansas City to the Kaw Valley on the west, with bridge across the
pletPd about th« fall of 1905. Will afford
Missouri River To be com
an entrance into Kansas City for the Kansas City Mexico A Orient Ry.,
and connect with the various steam roads entering that city. Arrangements are also proposed with certain projected suburban eleotrlo
Incorporated in 1902 by interests friendly to Kansas City
roads.
Mexico & Orient Ry. V. 75, p. 184; V. 76, p. 331.
Securities.— Stock authorized, $2,250,000 each of common and 4
per cent preferred. The stock will be held in a voting trust of ten
members until the full dividend shall have been paid on the preferred
for five consecutive years. See V. 76, p. 331. Of the $3,000,000 authorized 1st gold 4s (see table above) $1,500,000 have been t-old; the entire
cost of construction and equipment was estimated at not over $2,000,000 in bonds, leaving balance for extensions and improvements.— (V.
75, p. 184; V.76, p. 331.)
Kansas City Southern By.— (See Map.)— Operates a line extending from Kansas City, Mo., to Port Arthur, Tex., (thence by its
Ship canal 7 miles to deep water on the Gult of Mexloo), with branches
and extensive terminals used by various roads entering Kansas City.
Jfwej.
Miles.
Lines owntd—
Lines owned
Kansas City, Mo., to Belt Jot.. 12 Branches to Fort Smith, De
45
Grand View, Mo., to Port ArQ ilncy, La., eto
765
Trackage—To Gr'd View, o. 11
thur, Tex
company
City
is
—
I
|
|
M
838
Organization.—A reorganization of the Kansas City Pittsburg A
Total
Gulf RR.. foreclosed Mar. 19, 1900, per plan V. 69, p. 1012, 1062.
V. 73. p. 1356; V. 74, p. 94. In Oot., 1 900, oontrol became vested in the
Harrlman syndicate. V. 71, p. 913, 963. Geo. J. Gould is Vloe-Pres.
—
Oct., 1904.
RAILWAY STOCKS AND BONDS.
J
1811
MAP OF THE
KANSAS CITY SOUTHERN
RAILWAY.
'U.
Fonda
Sioux City
s
^WfZ ^V
CaTroll
Ft. Dodge
^Vakefiejd
Xorfolk^
<p
Scribner
ri^tia>s|^Couhcil/Bluffs
}rand Island
Lincoln,!
Hastings^
LBuf lington Jc.
pornuig^/Darlington
^Trenton J "* Ik
theatrics
AmboyV
FairburyX
Petersburg
J
"J5ffl*
y^" \I//Decatur^
~
Jacksonvilley^^^s?
-^
e
8«P
C.
R.'
/.
y u /&"
MankotaX
Jlyde
Ichison
d-VTSk-cr
Q/ XM oberly
**•
3a^rollton />OiT
.
Miltonvale}
Leaven'wort
avenwortlf?<5;
[anhattarT;
SW^S^e
SPRINGFIELD
^^Louisiaha'
]
Beloit
Stockton
J5:
IT
TeiJ5^~_^^-N^poodhouse
~X~
.\^
"Terre .HauiejTH
•
fi.%Miel$:
xico
tXjHS"* /Caark~~ "Mle
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I
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tam,ont
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"p£c
K
X
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MeWiu\
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Madison
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finfield
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A
chadwick
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Jackson^
'FT.SMITH
\
gg /
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1
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Decatur
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r
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r^fek
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Shawnee to wn^fHenderson
"Nortfpnville
SPRINGFIELD
liAfton
eyviU:
J
8
PITTSBURG
^Arkansas City
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7
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Marioi
RAILWAY STOCKS AND BONDS
1812
[Vol. lxxix.
Honax— Princi-
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, When Due.
Amount
of
Par
For explanation of column headings, &c, see notes of
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
on first page of tables.
Payable
Whom.
Dividend.
Kansas City St. Joteph <6 Council Bluffs.— See Chic. Burl &Qui NCT.
1897
$500
Kan. City Shrevep. & Qui f Term' i—1st M., red. 103
Kan. CUy Suburban Belt— See Kansas City South ern R
1881 250 &o.
Ken. til. Br. <t RB. -K. & I. B. 1st M.,g., assumed..
1900
S.c*
1,000
1st consol. mortgage, $2,500,000, gold
162
100
Keokuk <t Des Moines— Preferred stock, 8 per oent
162 1878 100 &c.
o*
1st mortgage, interest guar. C. R. I. & P
1869
c
1,000
Keokuk <& Hamilton Br iage—\ st mortgage
1891
1,000
Kewaunee Oreen Bay <& Western— lstmortgage.F.c
113 1882
1,000
Kingston A Pembroke— 1st M., gold
Knoxvilie dt Ohio—See Southern Ry.
Lake Erie <t Detroit River— See Pere Marquette RR.
100
Lake Erie & Western—Com. stock, $20,000 p. m 725
725
100
Pref stock, 6 per oent (not cum.) ($20,000 p. m.)
Ce.c* 725 1887
1,000
1st mortgage, ($10,000 per mile) gold
1,000
2d mort., for $3,625,000 ($5,000 p. m.) gold.Ce.c 725 1891
100
Lake Shore & Michigan Southern— Stock....
100
(Mich. So. & No. Ind.)
Ouar. 10 per cent stock
c*<fer 1,000
1897 l,0O0&c
1st mortgage, $50,000,000. gold. Us
o*&r
1903 l.OOO&o
Debentures, $50,000,000, gold.G
"55 1876
1,000
Detroit Monroe & Toledo 1st mortgage, guar..c
37 1890
1,000
Kalamazo & White Pigeon 1st mort.. guar.Unu.c
.
.
Bat. Cr. & Stur. 1st M„ g.,guar. p. <fc (.(see M.Cen.)
Sturgis Goshen & St. L. 1st mort., g., p. 4 1. guar.
Kal. Allegan & Or. Rapids stock, rental guar
c
1st mortgage, guaranteed.
Un
Erie & Kalamazoo (l'sed) st'k, Toledo to Palmyra
Lake Shore System—Mahoning Coal RB.— Stock
Pref. stock, see text
1st M.,Youngs. to And., etc., guar. p.<fci.(end). »' no
L.Sup.d Ishpem. Ry.— 1st M.,$ 1,200,000. g.,s.f.K.c
L.Tahoe Ry
<£
Tr.
Oo.— 1 stM.,g.,$500,000 s.f.,beg.'05
41
36
58
58
26
47
47
47
20
16
1889
1889
1,000
1888
1,000
100
50
50
50
1884
1896
1901
1.000
1,000
1,000
$150,000
F.
M.
1,000,000
5 g.
1,069,000
4g.
1,524,600 3ee text.
2,750,000
5
1,000,000
8
408,000
5
2284; see also editorial,
p.
2252.
1902-03.
$6,010,458
4,358,809
Gross earnings
Operating expenses
1901-02.
1900-01.
$5,450,871 $4,753,066
616,126
3,399,222
3
Taxes
Interest on bonds
Miscellaneous
$916,334
$478,683
$652,370
Balance, surplus.
Directors. -President, Stuart R. Knott: Vice-President, Herman
Sielcken; l.vv". Gates, of Chicago; Edward H. Harriman, Otto H. ivahn,
Geo. J. Gould, Edwin Gould, Lawrence Greer, H. P. Werthelm of
New York; John J. Mitchell, of Chicago; Julius S. Walsh. H. C. Pierce,
Of St. Louis.— (V. 77, p. 2276, 2284; V. 78, p. 1497, 1549.)
Kansas City Pittsburg Ac Gulf UK.— See K. C. Southern Ry.
Kentucky
Ac
Indiana Bridge
Ac
Railroad Co.— Owns
steel
cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind.. and 5 miles of
also owns Louis. & New Albany Ferry Co.
belt line In Louisville
Successor Jan. 31, 1900, to Kentucky & Indiana Bridge Co., sold
In foreclosure subject to the $1,000,000 first mortgage. The Southern
Ry., Bait. <fe Ohio Southwestern (B. & O.) and Chicago Indianapolis
& Louisville own the $75,000 capital stock, and pay monthly, in proSortion to cars handled, any deficit in operations. Of the $2,500,000
rst oonsol. 4s, $ 1 ,000,000 were reserved to retire the old 5s at maturity and $500,000 for improvements and betterments. V. 71. p. 492.
Earnings.— For year ending June 30, 1903, gross, $232,931; c.ef.
under Int. charges, etc., $171,297. President, W. M. Greene; Sec. and
Treas.. H. vV. Heazlltt. Gen. Mgr., W. M. Mitchell— (V. 71, p. 287, 342.)
;
Keokuk & Des
Ry.—Owns
from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chicago Rock Island & Pacific Railway, the lessee to pay 25 per
oent of the gross earnings, but guarantees the interest (not the principal) on the bonds. 8tock is $1,524,600 8 per cent preferred and $2,600,400 common (par $100), a majority of which is held by the lessee.
DlVID'DS.— > 1893. 1894. 1895. '96 to '98. '!>9. '00. '01. '02. '03. '04.
2May.mi
^
On pf. p. o. \ 2-4 95 cts. 90cts. None.
ht
Rental: In 1902-03, $156,574; in 1901-02, $169,719.— (V. 68, p. 772.)
IVIoines
11
Keokuk Ac Hamilton Bridge Co.— Owns bridge across Mis)
lssippi Ri^er at Keokuk, la., for railroads and foot passengers. The
property was originally leased to four companies, but only two companies now use it. these beiDg the Toledo Peoria &. Western and the
Regarding guaranty see V. 59, p. 969. On judgment of
1889 $203,000 has been collected; on Judgment of 1894, $142,000;
In Apr, 1901, $142,000 was awarded. V. 72, p. 821. Stock, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, and part of overdue interest is paid as earnings permit.
Last coupon paid was seoond hall of No. 42 (due April, 1890), in Sept.,
Wabash
1904.
Earnings.— Year ending June 30, 1904, gross. $49,475; net. $32.866; other income, $13,915; int. on bonds, $40,000; taxes, $4,533;
In 1902-3. gross, $39,96*: net. $21,917. President,
bal., sur., $2,248.
Andrew Carnegie; Treas., Theodore Gilman, 55 William St., N. Y.— (V.72,
p. 821.)
Kingston
Ac
Pembroke Ry.—Owns from Kingston, Ont., Can., to
Renfrew on the Can.
Pac., 104 miles; branches, 9 miles Reorganized
1899 per plan V. 67, p. 274. Stock, $1,000.0(0 first pref 5 p. c.
non cum., $150,000 second pref. 3 p. c and $2,? 00,000 common. The
Canadian Pac. will lease the road and owned on June 30, 1904, $1,130,
100 pref. and $1,777,650 com. stock. V. 77, p. 636, 1221. Firstdiv.on
1st pref., lp. c, paid April 2, *01; none since to May, '03.
Year endIn
ing Dec. 31, 03, gross, $181,000; net, $40,031;
surplus, $22,871. -(V. 73. p 1160.)
int.,
$17,160; balance,
K ik. xi III. -A Bristol RR.— See Southern Ry.— V.77,p. 298, 1225.
& Ohio RR.—Merged In Southern Ry. Dec. 31, 1903,
Knoxvilie
V. 79, p.
Kona
1
1
Ac
<•,.
1
Kan
Lake Erie
Ac
Hawaii.— V. 75, p. 289; V. 76. p. 542.
Western Railroad.— Road— Owns SaDdusky, O,
By.,
to Peoiia, 111., 420 miles, and branch to Minster, 10 miles; Indianapolis
to Michigan City, 162 miles; Fort Wayne to Connersville and brauch to
Rushville, 133 miles; total owned, 725 miles; leases Northern Ohio
RR., Akron 1st Delnhos. 162 miles; total operated, 887 miles.
History, Etc.— Formed In 1887 after foreclosure oi the Lake Erie
& Western Railway. (See V. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1 , 1903, the Lake 8hore & Michigan Southern
owned $5,940,000 common and $5,930,000 pref. stock. V. 71, p. 1269
1927
Louisville.
S.
March, 1911
O. N. Y.,8tandardTru8t Co. Apr. 1, 1950
See text NY., Office, 71 B dway. May 2, '04, li*
A. & O.
do
do
Oct. 1, 1923
A. & O. 55 Wm. St. As earned. April 1, 1899
J. & D. N. Y„ Office 40 Wall St. June 1, 1921
J.
&
11,840,000
11,840,000 See text.
7,250,000
5 g.
3,625,000
5 gz 49,466,500 8 In 1904
533,500
10
50,000,000
3ifl g.
40,000,000
4g.
924,000
7
400,000
5
79,000
3 g.
322,000
3 g.
610,000
595
840,000
5
300.000
10
1,500,000 10 in '04
661,850
5
1.500,000
5
310.000
6 g.
300.000
5 g.
&
&
&
&
&
A
&
&
&
&
&
&
&
&
&
&
&
<fe
&
N. Y., 45 Broadway.
J.
Jan. 1, 1912
N. Y. Offioe, Or. Cen. Sta. Julyl5.'04,l%
N. Y., Chase Nat. Bank. Jan. 1, 1937
J.
J.
do
July 1, 1941
do
N.Y.,GrandCent. Stat'n July 29, '04, 4
A.
Aug., 1904, 5%
do
do
D.
June 1, 1997
J.
J.
Coupons at Grand
8.
\
J.
3>asbyU. S.Trust/
D.
D.
N. Y., and on deben, by Gu. Tr. Co.
O.
J.
1928
1906
Jan.
1940
Deo.
1989
Deo.
1989
Oct., 1904
July 1, 1938
Sept. 1,
Cent. Sta'n, N. Y.
Registered int'ston!
A.
(
Aug.
1,
1,
1,
1,
A. N.Y., Lincoln Nat. Bank Aug., 1904. 5%
A. N. Y., Gr'd Cent. Stat'n. Aug. 1, '04, 3%
J. N. Y., Union Trust Co. Jul?,'04,2i«%
J.
do
J. N.Y.. Farm. L.
O.
do
& Tr.Co.
San Fran. Mere
Tr. Co.
July
1,
1934
Jan. 1, 1926
Oct.
1.
1931
Divid. since 1890 < '91 '92 '93 to '98 '99 1900 '01 to '03. 1904.
on pref.—
4 4% 5 yearly
2
4 yearly
(
3
In 1904, Jan., 2 p. o.s July, 1 p c. V. 78, p. 2442.
Bonds.— Abstract of first mortgage In V. 46, p. 45; of 2d mortgage lu
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, whioh see.
Earnings.— For 6 months ending June 30, 1904:
6 mos.
Charges.
Oross.
Net.
Din. on Pref.
Balance.
1904
$2,325,228 $'52,C54 $J34,375 (1%) $118,400 def.$521
1903
2,447,744
572,808
334,375 (2%) 236,800 sur.1,633
Annual Report. —Annual report for 1903 was in V. 78, p. 1443.
Year end. Dec 31.
1903
1902.
1901.
Gross earnings
$5,218,728 $4,699,340 $4,533,204
Net (incl. other income)
1,365,777
1,357,437
1,380,929
Deduct taxes
203,018
204,522
206,983
Interest on bonds
$1,651,649 $1,834,745 $1,353,845
1,731.452 $1,960,120 $1,384,186
12S.850
114,600
151,416
762,903
821,263
899,985
28,OoO
83,673
27,681
Net earnings
Total net income
1,
&
z N. Y. Central holds $45.*289.20O of this.
Seci rities. - Of the amounts shown as outstanding in the table
above there were in the treasury on May 31, 1904, $1,449,700 common
Btock and $619, 400 preferred stock.
Voting Trust.— By modified plan both classes of stock will be vested
until Apiil 1, 1905, in following voting trustees: E. H. Harriman, Geo.
J. Gould, Otto H. Kahn. John W. Gates. Herman 8ielcken, Louis Fit*
gerald ana James Stillman. The voting trustees may, in their discretion, deliver the stock at an earlier date.
Latest Earnings.— 12 > 1903 4. Gross, $6,450,320; net, $1,750,387
mos.,JulyltoJune30. \ 1902-3. Gross, 6,010,459; net, 1,5(.'0.234
Report for vear ending June 30, 1903, at length, In V. 77, p. 2276.
Aug.
A.
At
A.
3g.
572,000
&
No. Ohio int. guar
Dividends on pref. stock
Investments in bonds, etc
—
(
543,750
125.000
543,750
125,000
543,750
125,000
.(4)473,600
(4)473,600
(4)473,600
15, OOP
31,000
Balance, surplus
sur.$409 def.$20,435
$31,596
V. 76, p. 864, 916, 1355; V. 77, p. 238T, V. 78, p. 1 443.)
Lake Shore
Ac
Michigan Southern Hallway.—
(
See
Map
N. P. Central.)— Operates from Buffalo to Chicago with branohes. The
main line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie & Kalamazoo.
Road owned directly.
Miles.
Leased, [Usee this Oo.]
Miles.
Buffalo, N. Y., to Chicago, HI.. 540 Kalamazoo A.
G. R. .......
58
&
Sundry branohes
Entire stock owned.
Detroit & Chicago
Detroit Monroe & Toledo
Kalamazoo & White Pigeon...
Northern Central Michigan
Sturgis G. & St. L
Central Trunk.
Elkhart
Jamestown & Franklin
Mahoning Coal RR
26 Erie& Kalamazoo (26 m.)
51
72
33 J
& Western.
55 Detroit Hillsdale & S. W...H
37 Fort Wayne & Jackson
it
61
36
Text.
65
98
5
11
Grand tot. oper. Jan. 1, '04.1,454
Total of above
1,110
Of the main line 554 miles has double traok. By oontrol of " Nickel
Plate" the Lake Shore has still another line from Buffalo to Chloago.
Operates Dunkirk Allegheny Valley & Pittsburg, Dunkirk, N. Y to
Titusville, Pa., 91 miles, since Oct. 1, 1901, for aocount of New York
With the Michigan Central operates the DeCentral —(V. 73, p 663
troit Toledo & Milwaukee RR., Allegan to Dundee, Mich., 133 miles.
,
)
V. 74, p. 379; V. 76, p. 1026.Organization, &o. A consolidation on August 16 1869.
In
February, 1898, a majority of the capital stock was purchased by the
its 3*9 p. o. bonds at the
N. Y. C. & H. RR., whioh gave in exchange
rate of $200 in bonds for $100 in stock. V. 66, p. 288. In 1903,
$45,289,200 stock had been exchanged. V. 69, p. 1237.
N. Y. t:bioat*o At St. Louis road has been controlled by ownership of
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 RR. [see Lake
Shore "System" below] and owns (besides entire stock of proprietary
lines) $5,000,100 Pitts. & Lake Erie stock; $11,224,000 of the, $27,997,700 Cleveland Cin Chic. &. St. Louis common stook also $5,940,000 of the $11,840,000 common and $5,930,000 of the $11,840,000
Lake Erie * Western preferred V. 71, p. 1269; V. 72, p. 870.
In 1902 purchased $4,870,500 of the $5,000,000 stook of the
Iowa RR., operating line from Seatonville, 111., to
Indiana Illinois
St Joseph, Mich., 2*2 miles. V. 73, p. 135K; V. 74, p. 41. In 1901
purchased from surplus earnings $3,200,000 Lehigh Valley RR. stook
for $1,920,000: total Lehigh stook owned, $5,700,000. V 74, p. 879.
In Jan., 1903, took over about one-half of the $61,837,500 Reading
Co. stock acquired by the Pennsylvania-Vanderbllt interests, viz.,
$6,065,000 first preferred, $14,265,000 second preferred and $13,952,000 common stock, the other half being held by the Baltimore <fe
Ohio. As to purchase of one-sixth interest in majority Hockiug Valley Ry. common stock, see that company. V. 76, p. 102, 158; V. 77, p.
451.
In Jan., 1903, the entire stock of the Lake Erie Allianoe & Wheeling RR., Phalanx, O., to Dillon ville, 88 miles, was purchased, together
with all the stock of the L. E. A. & \v. Coal Co. and 51 p. o. of that of
the Jefferson Coal Co also other properties and lands. V. 76. p. 265.
LUt of stocks of other companies acquired during 1900 to 1903, both
inclusive, see V. 78, p. 48, l!»y4.
DIVIDENDS.— ) '90 '91 '92 '93-97 '98 '99 '00 '01 '02 '03 1904.
7
7
8
7 7
Since '89. P.ot. i 5 6^ 6>a 6 y'rly 6 1* 7
The oonsol. mortgage of 1897 (United States Trust Co.. N. Y., and
John T. Dye of Indianapolis, End., trustees.) is for $50,000,000 of 3»«
?er cent gold bonds, tax free, used to retire the several Issues of
s maturing from 1898 to 1903 (see abstract In V. 64. p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 in refunding said bonds and for general purposes of the oompany. The
mortgage covers 829-54 miles of main line and branches— a considerable portion being double tracked— and 181*11 miles of leased lines.
V. 66. p. 1140: V. «8.p. 1182; V.73,p. 1264; V. 75, p. 290; V. 77, p. V 035.
Of the $50,000,000 authorized debenture 4s of 1903, $10,000,000
were sold to pay off the $25,000,000 loan made for the purchase of
;
&
;
;
RAILWAY STOCKS AND BONDS
Oar., 1904.]
RAILROADS.
Miles
Date
Size, or
of
of
Par
For explanation of column headings,&o., see notes
Road, Bonds Value.
on first page of tables.
Larimie H. O. <6 Pac —1st M., $80 '',000, g.AB o*
Leavenworth Terminal Ry. <t Bridge—-1st M., g.Ce.
Lehigh A Hud. River— 1st 'M.,g.,lnt.red'c'dto5p.o.Ce
2d mortgage, gold
Warwick Valley 1st mort., extended In 1900
2d mortgage
L.& Hud. R Gen.M. $3,000,000, g. (see text) Ce.o*
Lehigh d New Engl'd— 1st M., $1,000,000, gold. FP
North'ton, 1st M.,g., $300,000, gu.,red. 105.FPC*
Consol. mort., $3,000,000, g., call 105
Lehigh Valley—Common stock. GP
Pref stock. 10 per cent (V. 79, p. 151, 269).GP.
1st mortgage, e. and r., ext. In gold In 1898.. OP
r
2d mortgage
3
42
63
15
22
63
"l5
All
.
Consol. mort.,
coup. & reg., $4,762,000 4^s.o<fer
annuity, $2,538,000 are 4iss.
)
$40,000,000,
S
Mort
FP
101
101
461
& Coll. Tr., called at IO713 on May 1, 1905.
consol. m >rt., $l50,000,000,gold GP..c\fer.
Gen.
Coal purchase bond, 3 series, #245,000 due y'rly
Nat. Storage Co. trust cert.(V.78,p.l446»....Ce.r
Lehigh & N. Y.. 1st M., g., guar. p. 4 i. Mp,..o*tr
Leh. Val. of N. Y., 1st M., g., gu.p.A i.(end.)GPo\fcr
Leh. Val. Ter., 1st M., gold, gu. p. 1., end.Ce.o'&r
Easton & Amboy.lst M.Easton to P.Amboy, gu...
Easton & No., 1st M., gold, guar, by L. Val.G Po*«fer
Middlesex Valley, 1st mort., $600,000, gold. Ce.o*
Penn. & N. Y. Can. & RR.— 1st m., endors...o\fcr.
Consols (see text) guaranteed p.& i.(end.).GPr
Elmlra Cortl'd & No. 1st pref. mort., gold.. Ce.o*
«fe
1st M., g'old, guar. p.
<fe 1.
(end.).
Ce
117
283
31
60
12
22
119
119
Can.No.l8tM.,g.,gu.p.Ai.byE.C&N.(V.76.p.l406)
Morris Canal stock, 4% guaranteed 999 years....
Preferred stock, 10 p. c. guar. 999 years
v-
-
V. 77, p. 1 47, 2035; V. 78, p. 48.
;
Guaranties. —As to guaranties additional to those shown In table
above see Detroit Hillsdale & S. W. and Fort Wayne & Jackson.
General Finances.— Nothing has been charged to construction or
equipment account since 1883, the outlays charged to operating expenses for new equipment amounting in 1903 toj$l,788,140 and In 1902
to $1,423,673, and for construction to $4,527,136 in 1903, against
$2,768,788, these items being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1904, $17,262,033. Low grades permit
average for 1903, 614 tons, against 576 in 1902.
large train loads
in Jan., 1904, dividend rate was increased to'8 p. 0. V. 77, p. 2390.
:
Earnings.— For 6 months ending June
6 mos.
—
Gross.
30.
Oth. Income. Int., taxes etc. Bal.. sur,
Net.
1901
$17,138,245 $4,300,960 $960,000 $2,910,000 $2,350,9r0
1903
17,101,963
4 329,563
2,820,000 2,349,563
840 000
Dividends of 4 p. c. call or $1,978,660 io 1904, against $L, 731,328
(3»* p. c.) In 1903. O erating expenses include $1,730,000 in 1904 tor
new equipment additions and betterments, against $2, 89,734 in 1903
Annual Report for 1903 was in V. 78, p. 1904; see edit page 1935.
1902
1^01.
Year end. Dec. 31—
1903.
Total gross earnings
$30,449,292
$29,272,675
$34,768,001
1
Oper. exp. & taxes
Net earnings
Net, lncl. oth. income
Rentals paid
Interest on debt
Dlvid's on guar, stook
Dividends
Surplus over divs
27,711,157
21,9*9,064
$7 056,924"
$8,460,v:2S
20,210,229
$9,062,446
$10,391,736
916,605
2,266,656
53,350
$10,12«,793
$9,393,794
1,104,191
1,042,667
2,297,252
3,765,223
5'- ,350
53,350
(7)3,462,655
(7)3,462,655
(7 ^)3,709,987
$3,272,869
$761,012
$3,692,470
—(V. 77, p. 2387; V. 78, p. 48, 342, 1446, 1904, 2442 V.79, p. 151.)
Lake Shore System.— Mahoning Coal RR.— Owns from
Youngstown to Andover, O., and branches, 47 miles. Branch (practically second track) from Doughton to Plymouth, on the Lake Shore,
43 miles, of which 18 m. built by Lake Shore, was completed in 1903.
Leased in perpetuity for 40 p.
of gross earnings to Lake Shore, which
Jan. 1, 19o4, owned $865,900 common and $399,500 preferred stock.
Dividends.— > 1889. '90. '91. '92. '93. '94. '95 to Aug., 1904.
On common. 5 4^%
5
4^ 8^
8 10 (Feb.7%,Aug.3%)
8
The preferred stock certificates are 5 p. 0. guaranteed and contain
ft clause making them redeemable at par at option of company.
For year ending Dec. 31, 1 902, rental, $668,207; surplus over Int.
and 10 p. 0. on com. and i p. c. on pref., $408,354.— (V. 66, p. 897.)
Lake Superior & Ishpeming Ry.— Marquette to Ishpeming,
Mich., 20 miles; leases, 1 mile; total, 21 miles. The Munising Ry.,
Little Lake to Munising, 38 miles, and the Marquette & Southeastern
Ry., Soandia to Marquette, 17 miles, are operated as one system, all
being controlled by tne Cleveland Cliffs Iron Co. Stock, $1,000,000;
par of shares, $100. Bonds are subject to call for the sinking fund by lot
at 105 and Interest. Year ending Deo. 31, 1902, gross, $186,584; net,
$43,940; other Income, $18,726; taxes, $19,270. President, Wm. G.
Mather, Cleveland, O.— (V. 75, p. 1207; V. 76, p. 1248; V. 78, p. 229.)
Lake Tahoe Ry &. Transportation Co.—Truokee to Tahoe,
Cal., 15 miles, narrow gauge, operated during tourist season from May
15 to Oct.15 in connection with steamers and hotels, also owned. Stock
$500,000, all outstanding. Mortgage covers also steamers, wharf and
hotel property oosting $250,000; sinking fund beoomes operative In
1905; Mercantile Trust Co., San Francisco, trustee V. 74, p. 479. Year
ending June 30. 1903, gross, $31,668; net, $13,202; other income,
$12 597; total deductions, #16 485; bal., sur., $9,314. President, D. L.
Bliss, San Francisco, Cal.— (V. 74, p. 478.)
Laramie Hahn'M Peak Pacific Ry.—In Oct., 1903, grading
completed from Laramie, Wyoming, via Centennial, 30 miles, to be
operated in autumn of 1904; contract also let from Centennial to
Grand Encampment, being balance of 100 miles. Stook authorized, $9,000,000, all com., to be issued at ate of $90,000 per mile: par of shares.
$10. (See V. 77, p. 824). Bonds, see table above. V. 79, p. 968.
President, Fred. A. Miller, Laramie, Wyo.— (V. 77, p. 824; V. 79, p.
968, 1642 )
'
&
1
Lea veil worth Terminal Railway & Bridge.—Owns highway and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
in that city. The mortgage contains a sinking fund provision. Kansas City St. Joseph & C. B. (Chicago B. & Q.) and Chicago R. I. & P.
use the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894, and Chicago Gt. Western from Sept. 1, 1895, for 30
years; rental $14,250. For year 1903-04, gross, $50,826; net, $31,782;
int. on bds., $30,000; bal., sur., $1,782. 8tock,$600,000.— (V.69,p. 494.)
Lehigh
Hudson River Ry.— Owns from Greycourt, on Erie
RR., to Belvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
lines Orange County RR. (entire stock owned— no bonds issued) Hudson Junction toMaybrook, N.Y.,on Cent.N.E.Ry. (Poughkeepsie Bridge),
including trackage, a total of 13 miles; 8. E.
P. RR.. Phillipsburg
to Easton, 1 mile; trackage, Penn RR., Belvidere to Phillipsburg, 13
miles; total oper., 90 miles.
The Central RR. of N. J. and Lehigh Coal & Nav. Co. control the
road. V. 68, p. 568. In July, 1904, President Baer of the Reading
&
:
,
&
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
Outstanding
Payable
Whom.
Cent.
Amount
1904 $1,000 N'neOct '04
& .1.
6g
1893
& J,
1,000
5 g.
$600,000
& J.
1881
1,000
800,000
5 g.
1887
A, ,r.
1,000
164,000
5 g.
4*3
1879 500 &o.
& o.
145,000
1881 500 &o.
A. & O
240,000
6
1890
5 g. J. & J
1,000
1,124,000
1895
5 g. J. & J
1,000
1,00.000
1902
J. & J
1,000
300,000
1903
1,000
600,000
5 g- A. & O
50 40,334,800 See text See text
See text
10
50
106,300
1868
1,000
4 g. J. & D.
5,000,000
M. & S.
1870
7
1,000
6,000,000
1873
1,000
10,400,000 413&6 J. & D.
1873
1,000
12,600.000 413&6 J. & D.
1897
5 g. M. &N.
1,000
7,900.000
1903 l.OOO&c 15,000,000
4 g. M. & N.
1901
680,000
4g. Various
1899
4 g- A. & O.
1,000
5,000,000
1895
1,000
2,000,000
4g. M. & 8.
4i«g J. & J.
1890
1,000
15,000,000
A. & O.
1891
1,000
10,000,000
M. & N.
1880
1,000
6,000,000
1895 500 &c.
4 lag. M. & N.
51.000
1892
211,000
5 g M. & N.
1,000
1866
J. & D.
7
1,000
1,500,000
1888
1,000
8,500,000 4, 4^, 5 A. & O.
1884
750,000
1,000
g A. & O.
£ g.
1884
& O.
5
1,000
1,250,000
&
1886
300,000
6g.
P. & A.
4
100
706,700
P. <fe A.
10
100
903,600
Reading stook, which matured In Jan., 1904, and floating debt incurred for other acquisitions. They are to be secured by any new
mortgage.
1813
Amer
JN.
Y.,
&Tr Co
itwuit- Principal, When
Dae.
Stocks— Last
Dividend.
Bost.
July
Central Trust Co.
Jan.
L.
,
N. Y., Nat'l Exoh. f
Bank, and First J
National
Bank,;
Warwick, N. Y.
Phila.,927 Chestnut St
July
July
July
Apr.
July
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
1929
1923
1911
1917
1911
1912
1920
1945
lan.
19F.2
do
do
do
do
Oct. 1, 1953
Chocks mailed.
Aug. 1,'04,1%
do
do
Aug. 1, '04, 10
Phlla. Of., 228 80. 3d St June 1, 1948
do
do
Sept. 1, 1910
do
Deo. 1, 1923
do
do
Irredeemab 6.
do
May 1, If 05
Philadelphia,
May 1, 2003
do
To Apr., 1908
Deo. 8, 1909
N.Y., Central Tr. Co.
Phil.,Leh.Val.Of.<fcN.Y, 8ept. 1, 1945
N.Y.,Merch.N. Bk.&Ph July 1, 1940
do
Oct. 1, 1941
do
Phlla., Of., 228 80. 3d St May 1, 1920
Nov. 1, 1935
do
do
Philadelphia.
Nov. 1, 1942
June 1, 1906
do
Phlla., Lehigh Val. RR Apr. 1, 1939
do
do
Apr. 1, 1914
do
Apr. 1, 1914
do
do
July 1, 1906
do
Phil, office, 228 8.3d St Aug.,1904, 2%
do
do
Aug., 1904, 5%
Co. had acquired the greater part of the minority stock and offered to
buy the remainder. V. 78, p. 2384; V. 79. p. 269. Stook, $1,340,000;
par, $100.
Bonds.— Of the $1,124,000 general mortgage bonds out, $1,062.000 are guaranteed Joiutly, prin. and interest, by the Cent. RR.
of N. J and Leh. Coal & Nav. Co. An additional $1,535,000 are reserved to take up prior liens and $330,000 for extensions or acquisitions of connecting roads. See form of guaranty, etc., In V. 67, p. 788.
Bills payable for equipment, $90,000, bearing 5 p. c. Interest, due
Apr. 15, 1904.
Gross, $487,111; net, $200,160
Earnings— 12 mos., ? 1903-4
Gross, 426,441; net, 181,502
July 1 to June 30. 51902-3
Surplus over charges, $52,809, against $46,973 in 1902 3.
Annual Report.—Including Orange County RR.— V. 77, p. 2277.
Int., tax, etc. Bal., sur.
Gross.
Net.
Tear end. June 30.
$143,678
$180,748 $163,062
$14,686
1903
166,663
157,247
9,416
1902
386,876
Lewis A. Riley, President, Philadelphia, Pa.— (V. 77, p. 2277; V. 78,
p.
2384; V. 79, p. 269.)
& New England RR.— Operates road from Slatlngton.
Campbell Hall, N. Y., 96 miles, and Wind Gap, Pa., to Bath and
Martin's Creek, Pa., 26 miles; oth-r branches, 9 miles; total 131 miles,
of which two seotions, aggregating 35 miles, belong to other companies, leaving 96 miles owned.
History.— A reorganization July 1, 1895, of the Penn. Poughkeepsie
& Boston; foreclosed. In Jan.. 1904, Lehigh Coal & Navigation Co
acquired an interest. V. 78, p. 229, 1781, 19o2.
Securities.— Stock is $1,500,000, par $50. Mortgage of 1895 is for
$1,000,000, of which $569,000 for improvements and exten's.— (V. 62,
p. 134.) Current liabilities June 30, 1904, $143,425. There were also
$75,000 collateral trust bonds. Of the consols of 1903 ($3,000,000
Lehigh
Pa., to
authorized issue), $l,300,00n are issuable to retire the existing bonds,
the remainder being available for extensions and improvements;
trustee, City Trust, Safe Deposit & Surety Co. of Philadelphia. V. 77,
p. 951.
Earnings.— For year ending June 30, 1904, gross, $190,647; net,
*57.569; charges, $78,647; balance, deficit, $21,078. President, W. Jay
Turner; Vice President, Lewis A. Riley; Secretary and Tieasurer,
J. R. 8ager.-(V. 78, p. 1781, 1962.)
Lehigh Valley
(See Map.) -Jersey City, N. J., opposite
N. Y. City, to Buffalo, N. Y., 450 miles, with blanches, viz.:
Fee or Entire Slock Owned—
Lehigh & N. Y„ Pa. State
RR.—
1
LinetoNo.FatrHaven,N.Y.
Miles.
Y„ to
Sayre, Pa..
Wilkesbarre, Pa., to Jersey
City
Elmira Cortland & Nor. IT ....
Buffalo. N.
Branches
Pa. & N. Y., Wilksb're to Pa.
State Line (with 43 miles
181
'
Other.
Le ised—
State Line
174
& Sullivan
139 Other
497 Trackageto Susp. Bridge.eto.
115
70
tf24
4
49
Total June 30, 1904
1,399
140 Second Track
574
History, Etc.— In 1901 the Erie, Laokawanna, Central of New
Jersey, Reading and Vanderbilt interests entered the directory. V.
72, p. 137, 391. The Lake Shore & Mich. 80. in 1901 purchased $3,200,000 of the stock. V. 74, p. 883. For list of securities owned, see V.
66, p. 187. As to mereer In 1903 of sub. companies under names of
Lehigh Valley Ry. cos. of New York and New Jersey, see V 77, p. 972.
Coal Property.—The Lehigh Valley RR. Co. owns 3,619 aores of
coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
whioh in Deoember, 1893, owned anthracite coal and surface lands:
branches)
Mst'd. yield.
Coal acres.
15,217
7,242
124,000,000
Perpetually leased
111,000,000
8,123
5,741
Term leases
1,708
1,708
47,000,000
Controls through stock owned.. 9.229
4,519
50,000,000
Collieries 54, daily capacity about 30,000 tons. (V. 62, p. 364.) The
Hazelton Coal Co. (chartered in 1896) stock Is owned and its $2,000,000 first mort. 5s also owned guaranteed— see V. 64, p. 137. Ir 1900 Delano Land Co. was merged in L. V. Coal Co. V. 71, p. 287; V 79, p. 151.
The Coal Co. shipped from collieries owned 4,275,130 tons in
1903-04, against 3,531,677 tons in 1902-03; total coal tonnage lu
1903-04 was 7,511,957.
Total acres.
Owned in fee
—
> '87. '88.
DrvB. on Com
'89. '90. '91. '92 '93. '9 1 to '03
1904
Since '86. P. ct. $4i« 5
5
5
5
5H 4 None. Aug., 1
B >ND8.— The general consolidated mortgage of 1903 willseoure *150,000,000 bonds, bearing not to exceed 5 p c. interest, covering the entire road, the stock of the Lehigh Val. Coal Co. and other stocks owned.
Of the bonds $10,000,000 are issuab e at once. $10,000,000 were reserved to t etire $8,516,000 car trusts, ser. A to G inclus.. and $1,535,0'i0 coal purchase bonds, $96,000,000 to retire at or bef< re maturity
outstanding fixed obligations amounting to $94,130,000, (including
the oolUteral trust bonds, and $2,000,000 coal trust certificates of
1902, which will be called for payment), on payment of whloh the
general consols will be a first lien on all the property of the system,
except as to $12,600,000 annuity oonds, whioh are a perpetual charge
the remaining $44,000,000 are issuable at not exceec :ng $2,000 000 a
year, or such larger amounts as may be authorized by "tockholders,
beginning Jan. 1, 1906, for acquisitions, terminals, coal properties
equipment, etc. Old bonds may, however, be extended If necessary'
1814
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
—
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
For explanation of column headings,
on first page of tables.
Lehigh Tal.— (Oon.)— Snow
Sh.
<fec,
Miles
see notes
of
IstM.notgu.GP.r
o*
$50,000 due each F. & A
) $25,000 due each P. <b a
Equip, trusts, gold, due $200,000 yearly. PeP..
Do gold, ser. "D" to "«," due $562,000 y'rly.
Maritime mortgage bonds, $120,000 due yearly.
?
Ea.il'nr-lstM..,g.,ex.t.ln'01,r6A.102Ce.o*
r
& Dnlgeville-lst M., $250,000, gold...
Little Miami— 8t'k,com.,gu.8 p.o.,99 yrs.,P.C.&8t.L.
o
Renewal mortgage
New M. ($3,000,000)—V. 72, p. 184, 241, 1080...
L. Rockdt HotSp. West.— lstM.,g., gu. p.&i.end.*8t
Little Schuylkill Nav. RR. <t Ooal— Stock (rental gn.)
Lexingt.
....
....
....
....
....
—
....
<&
92
General mort.,gold.Co
Little Falls
Long Island— 2d (now
Is')
mortgage
0*
Consoi. mortgage, gold ($3,610,000 are 5 p. o.)Ce
o'
General mortgage, gold Oe
L. I. RR. U. on ferry for $2,750,000. gold.Ce..O*
Stewart Line tf. of 1932 for $500,000, gold.Ce..
Debenture ($1,500,000) gold, not subject to oall..
New York & Flushing 1st mortgage, assumed
B'klyn & Montauk 1st M., $250,000 are 6s.Ce.o*
2d M., g., ass'd, Bus. Sta. to Eastp. & brs.Ce.c
Long Island City & Flushing 1st MT, assumed, .a*
o*
Consoi. mortgage gold, assumed.Ce
N. Y. Bay Extension, $£00,000, 1st M., assumed.
Montauk Extens'n, $600,000, 1st M., assumed .
o<fer
Unified M. $9,673,000, g. call 110
i.Eq.c*
Refund.
$45,000,000, g., guar., p.
M
Usm
&
,
Date
of
Size,
or
Par
Road. Bonds Value.
L.V.CoalCo.l8tM.$12,000,000,g.8.f.,notdrn.o*&r
Delano L'd 1st M.. g.. gu.. 8. f. +30,000 y'ly.GP
L. V. Coal tr. otfa., called at 102*2 on Deo. 1....
Consoi. Real Estate, 1st M., $1,800,000, gu.Usm
Oar trusts,
gold.GP
:
....
....
84
84
53
32
155
156
163
....
18
....
2
76
76
12
19
6
21
316
316
1895
1,000
1895 1.000&C
1903 100 <fec
....
50
1882
1,000
1901
1,000
1899
1,000
50
1878 100 &c.
1881
1,000
1888
1,000
1892
1,000
1892
1,000
1894
1,000
1880
1,000
1881
1,000
1888
1,000
1881
1,000
1887
1,000
1893
1895
1899 1.000&C
1903 fOO Ac
two years. Provision may be made at the time of issue of
bonds thereunder for the right to convert into stock at tbe pleasure of
the holder not over $25,000,000 at any one time. V. 77, p. 824; V. 78,
The mort. and coll. trust sa of i8gy will be called
p. 287; V. 79, p. 1642
for payment at 107 ^ on May 1, 1905. V. 79, p. 1704.
Guaranties —Elmira Oortland <t Northern RR. —This road, with
the Canastota Northern, runs from Elmira to Canastota and Camden, N. Y.. 14 miles. Stock. $2,000,000, is owned. V. 62, p. 364,1177.
Lehigh Valley Railway Oo. of New York.— Owned Buffalo, N. Y., to near
Sayre, Penn., 175 m. double track, and branches to Ithaoa, Auburn,
etc, 106 m.; in all 281 m., covered by $15,000,000 moitgage ot 1 890,
but in Aug., 1903, consolidated with other sub cos.; total mileage
now is 359 miles. Stock, $7,720,000, all owned by Lehigh Val. RR. Mortgage abstract V. 51, p. 114. V. 65, p. 412, 1071; V. 77, p. 147, 972.
Lehigh Valley Terminal Railway. -Owned double-traok road from
South r'lainfleld, N. J., to Jersey City, with about 125 acres at Jersey
City and » 'arge water front there, etc Merg-d in Aug., 1903, with
other subsidiary companies in L. V. Ry. of N. J., having total mileage
of 110 m its $10,45»,000 outstanding stook ( 6,0 0,000 additional in
treasury) being all owned by Leh. Val. RR. V. 77, p. 972. V. 53, p.
640, 880. Car trusts, $900,000.
Moms Canal. — Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
Pennsylvania dk New York Canal dt Railroad. —Leased for 99 years
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all Its stock. Consoi. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 of 5
,
per cents, $3,000,000 of 4s, $1,500,000 of 4*28. V. 62, p. 950.
Lehigh Valley Ooal Co.— See " Coal Property" above.
Coal Co. tr. certificates of 1902 ($3,000,000 author ) have been called
in at 102'* aud lot od Dec. 1. 1904 V. 75, p. 1254; V. 79, p 1704.
Consolidated Real Estate Co.- See V. 78, p. 1223; V. 79, p. 1271. To
30, 1904,
none had been issued.
Seneta County Ry , $500,000 guaranteed bonds, none Issued June
30. 1904. See V. 79. p. 1271.
National Storage Oo. trust certificates, V. 78, p. 1781.
General Finances.— In 1904 dividends were resumed V. 79, p.
103,77. In Oct 1904. $15,00»,000 four per cent refunding bonds
were sold, providing about $3,700,000 cash for general capital requirements and for the retirement of the $7,900,000 mort. and coll.
trust 5 per cent bonds and $2,000,000 five percent coal trust certificates. V. '9, p. 1042,1704. See "Bonds" above.
Gross, $4,966,863; net, $2,082,423
Earnings-2 month", < 1804
Gross, 5,483,935; net, 2,441,362
July 1 to Aug. 31... ? 1903
Annual Report.— Fiscal year end s June 30. The report for 1903-04
was given In V. 79, p. 1262. See also editorial, p. 1240.
1901-02.
1902-03.
1903-04.
$9,328,959
$12,835,076 $10,104,764
Earnings from ooal
11,994.701
11,609,706
9,627,287
Miscellaneous freight
3,664,820
3,155,715
3,191,639
Passengers
1,748,394
1,298,902
1,81)6,246
Mail, express, eto
,
$26,654,503 $23,919,968
17,981,199
18,980,180
Operating expenses
$29,8«1,738
18,870,300
Net earnings
Other income
$11,011,438
505,477
$7,674,324
604,924
$5,938,769
533,230
$11,516,915
Total income
Additions and improvements. $1,465,290
5,083,583
Interest and rentals
679.H13
Taxes
32,667
Miscellaneous
$8,279,248
$1,266,182
5,111,398
613,405
176,673
$6,471,999
$1,438,676
5,090,317
615.467
105.449
$7,261,353
$4,255,560
Net income
856,437
Net income coal properties...
$7,249,909
$7,167,659
$1,111,589 def.$777,910
895,919 df.1,098,798
Total gross
Outstanding
1880
$500
1893 l.OOO&c
1892
1,000
1902
1,000
1904
1,000
1895
1,000
1896
1.000
1899
1,000
•99--02
1,000
for not over
June
Amount
?*
Total net income
$5,111,997
$2,007,508 df.$l,876,708
Pres., E. B. Thomas, 143 Liberty St., N. Y.; 2d V. P., J. A. Middleton;
Treas., W. C. Alderson; Sec, D. G. Baird. 228 80. Third St.. Phila. Executive Com. : Chairman, Eben B. Thomas; Geo. F. Baker, E. T. Stotesbury, Charles Steele, H. MoK. Twombly and Geo. F. Baer.
Directors— Edward T.Stotesbury.NormanB.Ream.Joseph Wharton.Beauveau
Borte, Charles Steele, Irving A. Stearns, Abram Nesbltt, H. McK. Twombly,
Bben B. Thomas, George F. Baker, B. B. Smith, George F. Baer and
Robt. C. I.ippincott.
-(V. 79. p. 103, 151, 269,
&
1262, 1269, 1642,
1704.)
Lexington Eastern Ry.—Owns from Lexington, Ky., to Jack
son, Ky., about 92 miles. Operated Ohio & Kentucky Ry., Jackson,
Ky., to oannel coal fields in Morgan Co., 26 miles, but independent
operation was resumed in July, 1904. Stook, $500,000; par, $100.
Reorganized without foreclosure in 1901 per plan V. 73, p. 663
Bonds.— The first mortgage 5s were extended at same rate of interest
to July 1, 1911, the company having the right to oall and redeem all or
any or them at 102 and interest. All interest on the general mortgage
bonds was waived to Aug 1, 1901, interest thereafter to be paid in cash
Feb. and Aug 1, as follows: 2 p. 0. yearly for 5 years, then 3 p. 0. for
5 years and 5 p. 0. yearly thereafter to maturity. Deferred debentures will be Issued from time to time for balance of the interest
not paid in cash on the general mortgage bonds accruing after Aug. 1,
4g.
5g.
332,000
1,135,000
125,000
1,000,000
600,000
600,000
5&6g.
650,000
a 100,000
a 315,000
5
5
5
9,<?73,000
4g.
4g.
6
I"'
10.000.000
g.
& J.
& J.
& J.
& D.
F. & A.
F. & A.
F. & A.
J. & D.
Various
M. & N.
J. & J.
F. & A.
J. & J.
J.
J.
J.
J.
Philadelphia.
1,
1,
,
Phil.,
Girard Trust.
do
do
Phila., Penn.Co.forlns.
Philadelphia.
N. Y., J. K. Tod & Co.
See Text
N. Y., Am. Ex. Nat. Bk.
M..10 Clnn.,Otfloe, IstNat.Bk.
& N. N. Y., Bank of America,
do
do
F. & A.
St. Louis and Phila.
J. & J.
g
1910
1933
1, 1932
1, 1904
Feb. 1 1954
To Feb., 1906
To Aug., 1906
To June 1, '09
1905 to 1910
To May 1,1907
July 1, 1911
Feb. 1. 1935
1933
Sept. 10/04,2
Nov. 2, 1912
Feb. 1, 1951
July 1, 1939
Jan.
do
do
Jan.
do
do
Jan.
Phila., Girard Trust Co. Deo.
.
& J. Phila., Of., 410 Walnut Julyl5,'04.2i«
& A. N.Y..U.S. Mort.& Tr.Co. Aug. 1, 1918
do
Q.-J.
do
July 1, 1931
do
J. & D.
do
June 1, 1938
M. & S.
do
do
Mch. 1, 1922
do
do
J. & D.
June 1, 1932
do
J. & D.
do
June 1 1934
M. & S.
do
do
Moh. 1, 1920
M. & 8.
do
Mch. 1, 1911
do
do
J. & D.
do
June 1, 1938
M. & N.
do
May 1, 1911
do
M. & N.
do
May 1, 1937
do
do
J. & J.
do
Jan. 1, 1943
do
J. & J.
do
Jan. 1, 1945
M. & S.
do
do
Mar. 1. 1949
M. & S.
New York.
Mar. 1, 1949
J.
F.
1901, suoh debentures ($375,000 eventually) being payable without
whenever the company shall decide, either in cash or general
mortgage bonds, but to become payable immediately in case any dividend is declared on the stock.
Gross, $78,249; net, $22,775
EARNING8.-2 months, J 1904
Gross. 104.145; net, 26,681
(1903
July 1 to Aug. 31.
Year ending June 30, 1904 (119 miles), gross, $612,200; net, $173,810; interest, $117,^00; taxes, $15,000; rentals, etc., $4«,699; bal.,
def., $5,389. President, Arthur Cary, Lexington, Ky. (V. 76, p. 542.)
Owns road in and around Rockland, Me., 11
Lime Rock
miles; trackage, 1 mile; total, 12 miles
Stook, $450,000; controlled
by the Rockland-Rookport Lime Co. of Maine Bonds. $400,000 consoi.
ref 3>-year gold 4s, due July 1, 1929 ($1,000 each), int Jan and July,
at Portland, Me. Year ending June 30, 1903, gross, $79,479; net,
$37,935; other income, $2,898; charges, $18,622; dividends (3 p. c),
$13,500; bal sur., $8,711. Office, Rockland, Me.
Little Falls A- Dolgeville
Little Falls, N. Y. to Dolgeville, 10 miles. Successor in Dec, 1902, to foreclosed road of same;
name. V. 75, p. 48. Stook, $250,000. Bonds, see table. For 6 mos.
ending June 30,1903, gross, $22,126; net, $7,263; charges, $2,325.
President, Dumont Clarke; Treasurer, E. R. Wauokel. (V. 75, p. 48.)
Little
Parkersburg, W. Va., to Palestine, 30
miles, thence bv steamer, 20 miles, to Creston; total, 52 miles.
Stook, $3,000,000 authorized; issued $509,500. In April, 1902, a
syndicate representing the Gould interests aoqulred the road. See
W. Va. & Pitts, item, V. 74, p. 777. For year ending June 30. 1903,
gross, $70,454; net, $15,587.
J. T. Blair,
Prest., Parkersburg,
W. Va.— (V. 75, p. 442, 666, 1302; V. 76, p. 1030.)
Interest
RR.—
.
RR.—
,
Kanawha RR.—
Little
Miami RR.—Owns
Cincinnati, O., to Springfield, O..
84
&
branch, Xenia, O., to Dayton, O., 16 miles; leases, Columbus
XeniaRR., Xenia, O., to Columbus, O.. 55 miles: Dayton & West. RR..
Dayton, O., to Ind. State Line, 38 m.; Cin. St. Con.RR., 2 m.; tot. 195 m.
Lease.— On Dec. 1, 1869, leased to Pittsburg Cincinnati & 8t. Louis
(now Pittsburg Cincinnati Chioago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees its faithful execution. Rental is 8 per oent on $4,943,100
stook and Interest on debt. Lessee's report shows results to lessee
In 1898, loss $222,225; 1899, profit, $54,725; 1900, $65,989; in 1901
profit, $67,151; in 1902, loss, $92,069; in 1903, loss, $241,593. Stock
auth., $8,000,000. Beginning Deo., 1899, i 5 per oent extra has been
paid eaoh Dec. and June from the surplus invested fund, making dividend 825 per cent yearly Of the3^s, $1,358,000 were, on Jan. 1,
1903, owned by the Penn. RR.— (V. 72, p. 241, 1080; V. 74, p. 427.)
Little Rock
Hot Spring* Western
Owns Hot Springs
to Junction, Ark.. 53 miles, of which Benton to Little Rock, 23 miles,
is leased to Choc. Oklahoma & Gulf RR.
V. 68, p. 85; V. 69, p 283:
V. 73, p. 722. St> ok, $1,140,000, all owned by St. Louis Iron Mountain & Southern Ry. (Missouri Pacific system) which guarantees the
bonds, principal, and interest, by endorsement. V. 78, p. 583. Year
ending June 30, 1903 gross, $150,017; net, $33,168; other income,
$18,371; deductions, $58,519; bal., def., $6,980.— (V. 78, p. 583.)
Little Schuylkill Navigation
Coal.—Owns from Port
Clinton to Tamanend and Beevesdale, 32 miles. Re-leased on Deo.
1, 1896, to Phila. & Read. Ry. for 999 years, and rental reduced from
7 p. 0. on stook to 5 p. c, gold from Jan. 1, 1897; In 1898, 5^ p. c: in
1899, 513; in 1900, 5; In '01, 5^; 1902, 5** p.
; 1903, 5 p. c;
1904,
5 p. c Lessee pays taxes and organ, expenses.— (V. 73, p. 554.)
Logansport
Toledo Ry.— Logansport, Ind., to Butler, Ind.,
93 miles. Successor on Sept. 12, 1901, to Eel River RP. sold under
order of Court and purchased In the Interest of the Pennsylvania RR.,
and operated from Jan. 1, 1 902, as a partof the Vandalia system Stook.
$4,900- Obligations due Pennsylvania Co Dec 31, 1903, bearing 4 p.
terest, $1,350,000; advances by Penn. Oo. at 4 p. c yearly, $250,000; lnJ- due on advances, $142,708. For 6 mo«, ending Jnne 30, 1904,
gross. $99,681. against $98,241 in 1903; net, $4,548, against deficit
under oper., $10,174. For 1903, gross, $217,800; net, *13,169; int.,
etc, $63,766— (V. 74, p. 41.)
Operates the steam surface roads of Long Isl.
Long Island
Miles
Leases—
Owns
Miles.
(IT Which see.)
Long Island City to Greenport. 95 N. Y. ARooka way Beach Ry. IT 12
Long Island City to Montauk.. 115 Jamaica & South Shore
5
106
Sundry branches
(V. 78, p. 102.)
N. Y. B'klyn & Man. Beach ff„ 18
Total owned
316
miles
&
RR.—
RR. &
&
f
.
Total deductions
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
o
$365,000
5
10,114,000
5 g.
1,089,000
5 ff<
2.000,000
5
See text.
5 K150,000
5 g100,000
_
4ifl g
1,000,000
3,210,000
4»a fc.
5g.
365,000
5 g.
850,000
See text.
1,500.000
250.000
3 g.
82 B
4,943,100
5
1,500,000
3ia
1 676.000
1,140,000
4g.
2,487,850
268,703
4,731,000 4&5g.
4g.
3,000,000
1,494,000
4»sg.
l
1815
m
—
RR.—
(V. 77, p. 2098.)
Leases—
Brooklyn & Jamaica RR
10
Total June 30, 1903
391
North Shore Branch RR
30 Double traok
112
Stock —$12,000,000; par, $50; of whioh Penn.RR. owns $6,797,900.
Dividends — < 1882. '83 to '90. '91. '92. '93. '94. '95. '96. None
Per cent.
5
4 1*
4 yearly 4*3 5
4
4 since.
Bonds.— The refunding 4s ot 1903 ($45,000,000 authorized issue)
are secured by a lien on tbe entire road subjeot to the $26,605,000 outstanding old bonds, to retire wbich an equal amount is reserved;
of the bonds, $10,000,000, guaranteed as to principal and interest,
by the Pennsylvania RR.,were sold, the proceeds to be used for various
Improvements and additions in connection with the Pennsylvania
tunnels to and through New York City, principalis for additional terminal facilities at Bay Ridge and Long Island City and for a doubletrack connection with the New Haven Roaa, for additional freight and
11
1816
RAILWAY STOCKS AND BONDS.
|
Vol. lxxix.
o
:
1817^
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
Miles
For explanation of column headings, &c, see notes
on first page of
tables.
Date
of
of
Size, or
Par
Road. Bonds Value.
Amount
Outstanding
INTEREST OR DIVIDENDS.
When Where Payable, aud
Rate per
Whom.
Payable
Cent.
Bonds— Princiby pal, When Due.
St'ks-L.a.atDtv.
Long Island— (Concluded)—
Leased Lines, Principal or Interest Guar antee D.
5g.
30 1892 $1,000 a$l,262,000
L.I.RR.N.Sh.Br.cons.M.$l,425,000,gu.p.<fcl.Ceo*
5 g.
19 1885
1,000 al,601,000
N.Y. B. &Man. B.lstoon. M.$l,726,000 g.,gu.Ce
5 g.
1887
1,000
a 883,000
N. Y. & Rook. B., 1st M. $984,000, gu. p. & i.Ce.
4ia
86-*91
436,000
1,000
P. P. & C. I.. 1st and 2d. ($96,000 2ds) gu. d. & 1.
5 g.
1902
2,724,000
1,000
Lou. di Ark.— 1st M., $7,000,000, g..S 0*&r. Text. 148
5 g.
36 1895
1,000
100,000
Louisiana <& Northwest RR.— First mort., gold
4 lag.
1,000
4,665,000
Louisiana Ry & Nav.— let M., g. See text.F..c<&r 198 1903
5 g.
45 1897
250,000
500
La. South'n— 1st M., g., red. at 105 after 1902. Ceo
6 g.
Cec" 106 1881
2,240,000
1,000
Louisiana Western— 1st mortgage, gold
101 1901
5 g.
1,000,000
1,000
Louisv. dt Atlantic- 1st mort., gold, $1,000,000.
ioe
1,500,000 See text.
Louisville Bridge Co. Stock
165 1896
500
2,200,000
g
Louis. H. <& St. L.— 1st mort., $2,500,000, gold.
? g.
4
1895
3,500,000
1,000
Louisv.dk Jeff.Bridge—$5,000,000,g.gu. p.&i.,end.e"
100
60,000,000 5 In 1904
Louisville & Nashville— Stock, $ti0,000,000
7
46 1877 $1,000
130.000
Ceoll.Br.l8tM.,Oeoil.toLoul8.,8.f.,dr. at 100. L'n o"
E.H.&N.l8tM.,Hend.toNash.,g,dr'natllO.Ce.o* 151 1879
g<
1,000
1,730,000
g
1880
1,000
c8,20 1,000
Louis. & Nash, gen'l M., gold, drawn at HO.Ce.c* 802
175 1877 100 &o.
892,000
L. C. & Lex. 2d m. s. f. not dr'n, Louis, to Newp't.o*
4*2 g.
3.258,000
1,000
Gen. mort. L. C. & L., gold(V.63, p.l010),I»io.o* 175 1881
189 1880
6g.
1,000 dl,918,000
L. & N. bas., S.& N. Ala. RR., 2d M. as col. g. U n.o*
45 1880
6g.
1,000
e539,000
Pensacola Div., 1st M., gold (dr'n at 105).F..c*
Mobile, g. F.c* 141
6 g.
1880
5,000,000
1,000
N. O. & Mob. Div. let M., N.O. to
*c
141 1880
eg.
1,000,000
1,000
2d mortgage, gold
o"
208 1881
3,500,000
1,000
Bontheast'n & St. Louis Div. 1st mort., gold!
s g
208 1881
3 g.
3,000,000
1,000
2d M.,gold, East St. L. to Evansville <fe br
5 g.
r 1,749,000
latM. (50-year 5s), $15,000 p. m., gold. Us... c* 118 1887
1,000
1888
5g.
1,000 g4.70 5,000
let mort., collateral trust ($7,000,000) gold..Fo
4 g.
Unified mortgage for $75,000,000, gold.t;e.o*<fcr Text. 1890 l.OOO&o b32, 148,000
1903
4g1,000
23,000,000
Col. tr.M., call par aft. 1908, $30,000,000, g Use*
1891
5 g.
1,000
617,000
8t. Louis property, 1st M., gold, $650,000. SSt c
a In hands of public; total issued Bhown in left hand colum n; balan ce under uni fled mort
To
K
—
Mo
-
J*
—
passenger terminals, tracks, equipment,
etc.;
-
the remaining $8, 395,-
000 will be held for future requirements. V. 78, p. 583, 1549.
The ferry mortgage for $2,750,000 oovers all the real and peibonal property pertaining to the company's ferries (34th Street and
Jamee Slip). As to debentures see page 2 of Sup. of April, 1895.
The unified mortgage is limited to the amount now outstanding.
Bonds are subject to call at 110 in whole or in part on any interest
day. V. 68, p. 618. Morts on real estate, $458,737. V. 76, p. 266.
Guaranties.— in addition to guaranteed bords in table above guarantees 5 p. o. on $650,000 New York Brooklyn & Manhattan Beach
preferred stock as part rental also 4^ p. o. on $50,000 P. P. & So. Br.
stock, and 4^} p. o. on $82,500 of the N. Y. & Coney Island stock.
Important Connections.— Construction Is in progress on the city's
extension of Its Rapid Transit tunnel from Manhattan under the East
River and thenoe to Flatbueh Ave Station, Brooklyn. V. 75, p. 30,
185. The Pennsylvania RR Co. is also proceeding to build an underground tunnel) electric railroad for pas-enger service from Jersey
City, under the Hudson River to a central passenger station at 33d
Street and 7th to 10th avenues, and thence under the East River to a
connection with the Long rsland RR. and thus with the N. Y. N. H. &
;
H. RR., see V. 74,
p.
830; V. 75, p. 1203.
Net earnings
Total net
Interest on bonds
$1,642,835
$1,944,365
.
.
j
Rtnuis.;::;::::::::
Miscellaneous
J
Extraord, exp., etc..
Reserve fund
Balance
^o.en
(?)
(?)
(?)
$1,653,024
$1,990,087
967.068
239.515
i
442.851
3.381
j
253,145
84,127
$1,772,056
$2,104,744
860,613
210,832
484,295
4,749
$1,345,642
$1,631,552
837,280
258,701
322,800
16,962
541,255
195,809
None
None.
None.
Treasurer is Henry Tatnall, Broad 8t.
President, W. H. Baldwin Jr.
Station, Philadelphia— (V. 78, p. 48, 583, 1549; V. 79, p. 627, 1266.)
Louisiana
A Arkansas Ry.— (See Map.)— Hope, Ark., to
187 miles. Extension proposed to Natchez, Miss., 47 m
ton southerly to Alexandria, 36 miles. V. 75, p. 135, 1306.
La.,
,
Jena,
and Pack-
outstanding, but no part, will be subject to redemption at 110 after
Beginning with 1907 a sinking tund of $55,000 Der anSept. 1, 1907
num to buy bonds at 1 10 or under, or if bonds cannot be purchased to
be invested in se urities le*al for sinking funds in New York, New
Jersey, Massachusetts or Connecticut.
Earnings- 2 months. >1904
Gross, $126,001; net, $45,773
July 1 to Aug. 31.
Gross, 108,s69;net, 29,692
51903
Surplus over charges, $28,376 in 1904, againt-t $14,553 in 1903.
Report.— Report for year ending June 30, 1903, was given at length
In V. 77, p. 2032, 2044. Statement for 1903-04 was in V. 79, p. 731.
Tear
Other inc. Charges. Balante.
Milts. Gross.
Net.
1903-4
148 $704,671 $214,400 $24 186 $124,614 $113,972
1902-3
127
532,534
160,827
17,843
70,0^7
108,643
—
Wm. Buchanan, Texarkana, Ark.— (V. 79, p. 731.)
&. Northwest RK.— Owns Magnolia, Ark., to a
Louisiana
point
7*3 miles south of Bienville. 79-60 miles; trackage, Magnolia, to McNiel,
6 40 miles. Extension to Natchitoches, La., 36 miles, was completed
In 1904; further extension proposed to Crowley, 110 miles.
Stock, $3,000,000 authorized; issued in Oct., 1903, $700,000, par,
$100. Loans and bills payable June 30, 1903, $241,144; oar trusts,
$7a,387. Trustee of first mortgage bonds, People's Trust Co., Brooklyn, N. Y.
There are also 50-year gold consols at $7,500 per mile,
all owned by company. Year ending June 30,1903 (86 miles), gross,
$164,200; net, $74,501; int., taxes, etc., $19,199; bal.. surplus, $55,.
302. Gen. Man., J. D. Beardsley, Gibsland, La.— (V. 73, p, 957.)
Louisiana Railway 4c Navigation Co.— Owns Sareveport to
Baton Rouge, 222 miles; also branch from Colfax to Winafield, 28
miles. Branch i* under construoiion from Cauiptl to Chestnut, La,., 14
miles. AUo authorized to build to New Orleans (surveys having been
made and N O. terminals and street franchises procured), etc.
Successor on June 22, 1903, of the Shreveport
Red River Valley
Ry. V. 77, p. 36. Stock author., $12,000,000; outstanding Oct., 1904,
Bonds (see table above) are limited to $17,50u,
$4,885,000; nar.$l
000 total issue and $23,000 per mile; *300,000 has also been Issued for
abridge over tho Red River at Alexandria; $4,000,000 is reserved lor
New Orlean* terminals. See otHoial statement, V. 77, p. 36; V. 77, p.
769. Pres., Wui. Edenborn, 8 Bridge St., N. Y.; Sec and Aud., H. B.
Helm; Treas., Clarence Ellerbe, Shreveport, La.- (V. 77, p. 36, 769.)
-
&
M.
&
8 St. Louis, St. L. Tr. Co.
b. c, Id, e, f, g, see foot note
1932
1935
1927
1,
Oct. 1,
Sept. 1,
1926-1931
1927
Sept. 1,
Jan.
July
Mar.
July
May
1,
1,
1,
1,
1,
1945
196 8
1950
1921
1941
See text.
1946
Moh. 1, 1945
Jan.,
AuglO'04,2 1*
Moh.
Dec.
June
Oct.
Nov.
Apr.
Mch.
Jan.
Jan.
Moh.
Moh.
May
Nov.
July
Apr.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1907
1919
1930
1907
1931
1910
1920
1930
1930
1921
1980
1937
1931
1940
1923
1916
Moh.
on next page.
Belalr
Shell Beach, 45 mile6. See V. 64, p. 83. In Jan., 1901, the
United Ry. Trading Co. of England acquired over 95 p c of the stock
and bonds, that company also owning the Kenilsworth Sugar Estates,
10,000 acres. V. 76, p. 706. Stook, $300,000, par $100. Dividends In
1900-01, 7 p. c; in 1901-02, 7*2 n. c Year 1901-02, gross, $98,289;
net, $50,961; int. and tax., $18,029; bal., sur., $32,932. -(V.76,p. 705.)
&
Louisiana Western RR.— (See Map of Southern Pacific.)—Owns
from Lafayette, La., to Sabine River, 106 miles; Midland to Eunice;
24 miles; Midland to Abbeville, 34 miles; total, 164 miles. Operated
independently, but in connection with Southern Paoifio Co. system,
which owns practically all the $3,360,000 stook.
Earnings.— 7 months, ) 1903-4. ...Gross, $1,144,280; net, $403,273
1,168,165; net, 512,932
July 1 to Jan. 31.
S 1902-3 ...Gross,
In year ending June 30, 1903, gross, $1,886,413; net, Including other
inoome, $709,569; surp. over charges, $524,181.— (V. 74, p. 268.)
Louisville &. At. RR.—Versailles, Ky., to Beattyville Jot , 101 m.
which Miller's Creek to Beattyville, 28 miles, opened in Dec, 1902.
Stock, $1,000,000; par $100. Year ending June 30, 1903, gross, $179,of
Int.,
$62,143: taxes, $7,653; balance,
def.,
$37,146.
Amsden; Sec, E. M. Wallace, Versailles, Ky.— (V. 71, p. 236.)
Louisville Bridge Co.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional in Louisville.
Used by several railroads, P. C. C. & St. L. Ry., Louis. & Nashville, etc Surplus earnings are paid baok to roads using bridge.
Stock is $1,500,000 Penn. Co. owned Jan. 1, 1904, $900,000. Dividends, 1896, 6*3 p. c; 1897. 7 p. c; in 1898, 6 p. c; in 1899, Feb., 3
In Oec, 1903, the suit of tho minority
p. c; in Dec, 1903, 10 p. c
stockholders was settled, $150,000 of the $248,376 recovered being
Pres., J. P.
;
distributed as a 10 p. c div.; balance held pending ltigatlon with
Louisville
Nashville. See V 78, p. 102
In July, 1900, paid 8 p. o.
dividend for the first half of 1900 and last half of 1899; May. 1901, 3
Mar 25, 1903. 3 p. c For 6 mos.
p. c; Oct 3 p. c; Oot., 1902, 5 p. o
ending June 30, 1904, gross, $146,104, a^aimt $i 58,186 in 1903; net,
$70,539. against $69,041. In 1903. gross. $326,093; net over taxes,
$lf 3,016; dividends (iO^a p. c), $157,500; bal., def., $i,484.-(V. 78,
&
,
;
p. 102.)
Louisville Henderson & St. Louis Ry.— Road.— Louisville
Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage owns also Irvington to Fordsville, Ky., 44 miles.
History.—A reorganization June 1, 1896 (per plan in V. 62, p. 138)
Securities —Stock, common, $2,000,000; preferred, 5 p.c non-oum.,
$2,000,000. The stock is to be held by John J. McCook, Braytom
Ives and Osoar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote of trustees. See terms V. 62, p. 138.
to
;
Stock.— Stock (authorized, $7,000,000, outstanding, $2,625,000,
shares par $100), of which $2,250,000 is deposited with the Standard
Trust Uo. of New York. Voting trustees 10 years: William Buchanan,
Edward E. Porter, Benj. F Yoakum, Harvey E. Fisk and Chas. L.Paok.
Bonds.— Former bonded debt $600,000 at 6 p. o. has been paid off
New issue of 5 p. o. 25-year bonds is for refunding, betterments, equipment and extensions; total authorized, $7,000,o00, of which $1,000,000 reserved for bridges across Black and Red rivers, and the balance
limited to $20,0*
per mile of completed ranroad. The entire amount
Pres.,
N.Y.U.S.Mort.&Tr.Co. Oct.
& O. N. Y., Corbin Bank'g Co
M. & 8. N. Y.,U. 8. Mort.& Tr.Co.
do
Semi-an
do
M. & S. N. Y., Fisk & Robinson.
J. & J. N. Y., Boody, MoL.& Co.
J. & J. N. Y., Farmers' Tr. Co.
M. & S. N. Y., R.Winthrop <&Co.
J. & J. N.Y.,S.P.Co.,120B'way
M. & N N. Y., Knick. Trust Co.
Louisville, Ky.
F. & A.
J. & J. N.Y.,Bk.of Am.A Louis.
M. & 8. N. Y.. J.P. Morgan & Co.
N. Y., 71 Broadway.
F. & A
do
do
M. & 8.
do
do
J. & D.
do
do
J. & D.
do
do
A. & O.
do
do
M. & N.
do
do
A. & O.
do
do
M. & 8.
do
do
J. & J.
do
do
J. & J.
do
do
M. & 8.
M. & 8.
do
do
M. & N.
do
do
M. & N.
do
do
do
do
J. & J.
New York.
A. & O.
Louisiana Southern Ry.—Operates from New Orleans to
and
379: net. $32,650;
1902-03 was in V. 77, p. 2387.
1903.
1902.
1901.
$6,835,847 $6,440,992 $5,883,607 $4,862,347
Gross earnings
4,787,968
4,111,551
3,516,705
Operating expenses.. 5,193,012
Annoal Report.— Report for
Tear ending June 30- 1904.
Q.-J.
A.
Of the bonds $300,000 are reserved to build to Louisville.
Earnings- 9 months, ) 1903-4
Gross, $672,340; net, $200,314
July 1 to Mar. 31.
$1902-3.
GroaS, 608,436; net, 184,236
Report for year ending June 30, 1903, was In V.77,p. 2>>33. in 1902 3,
Gross, $895.9" 0; net, $2->6,898; Improvements, $119,252; interest, $110,000; taxes, $20,000; balance, surplus, $7,646.
In 1902-3,,
gross, $808,548; net, $231,693.— (V. 77, p. 2033; V. 79, p. 968.)
Louisville & Jefferson ville Rrldge Co.—One-half mile long
and the approaches one mile; opened Jan. 1, 1896. Also owns about
40 acres of land in Louisville and 100 acres in Jefferson ville. Stook,
$1,425,000; mortgage is for $5,000,000 (trustee U. 8. T.-ust Co. of
N. Y. and Union Trust Co. of Indianapolis); bonds for $1,500,000
are reserved for future construction, etc.; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. roads, In whose Interest the entire stock Is owned.
See V. 61, p. 559.— (V. 62, p. 84.k
Louisville & Nashville RR.— (See Map.)— Road.— Operates main
line from Cincinnati. O., to New Orleans. La., 921 miles, with branches
to 8t. Louis, Mo., Memphis, Tenn.. etc, 2,717 miles, making total system proper June 30, 1904, 3,638 miles. The system Includes
Lines owned absolutely or
Reported separately.
Miles.
through capital slock
Miles. H Nashville Chatt. & St. Louis.. 947
Louisville to Nashville
185 if Georgia Railroad system
611
Sundry other lines
3,131 UAt.K. & Nor (stock owned). 228
Lines leased, <tc.
TTChic Ind. & Louisville
592
tISouth & North Ala. RR
193 Operated for other oo's
41
Otherlines
129 Owned but leased to other oo's. 21
Do. Paducah & Mem. Div
248
Birm. South (half st'k owned). 26
fi See this company.
Total system proper
3,638
Total of all June 30, '04.. 6,3 56
In Feb., 1902, sold Cecilia Br., 46 m. for $1,000,000. V. 74. p. 326
In Apr., 1902, acquired control of the Atlanta Knox ville & Northern
Ry., Knoxville, Tenn., to Marietta, Ga., 205 miles, with 25-mile branch
and trackage to Atlanta, Ga., 20 miles, which was merged June, 1904
a connecting line from Jellico, Tenn., to Knoxville, 66 miles, giving
direct line. Cincinnati to Atlanta, was about completed in Oct., 1904.
,
V. 74.
p.
775; V. 75. p. 103*; V. 78. p. 702. 1549; V. 79, p. 1474,.
In March, 1904, the Newport & Cincinnati Bridge was purohased, it»
$l,400,0u0 bonds being assumed. V. 79, p. 1474.
Organization.— Line opened between Louisville and Nashville Nov.
1859. For securities owned and in sinking fund see V. 79, p. 1478,147^
RAILWAY STOCKS AND BONDS.
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MAP OF THE
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
PEN.
Lire
nubia
Oak
;
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
Miles
Date
Size, or
INTEREST OR DIVIDENDS.
per When Where Payable and
Amount
of
of
Pai
Rate
For explanation of column headings, <fcc, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
Louis. A Nash. (Von.)— Mob. &Mon.Jnt. M., g.Ce.o
o*
Pens.&At. 1st M..gold,s.f.,dr*n at 110 assumed.
Kentucky Central— Maysville & Lex. RR. mort.
o*
New mortgage ($7,000,000) gold
Nashv. Flor.& Sheff., 1st M., g.,assu. In 1900.Ce.o
80. & No. Alabama, 2d M., gold, 8. f., $2,000,000.
Consol. mort. (for $10,000,000), g., guar.Ce.o*
Newp&Cln.Br.l8tM.,g.,8.f.as8U.,gu byPa.RR.F
Atlanta Kuoxv. & Nor., 1st M., g Ce
Oonsol. mort., gold. $10,000 per niile.Ua
Mp
.
L. & N.-So. joint M., $7,750,000, red. aft. '07.c*&r
<& Chicago.
See Chicago
Louisville New Alb
Lykens Valley— Stock. Rental pays 5 per cent
my
Macon dt Binning—1st M., $500,000, gold.OB...c
Macon Dub. dt Sav.— lstM.,$l,500,000.g.,red.atll0
Maine Central— Stock and scrip ($12,000,000)...
c&r
($269,500 5s)
o<fcr
$9,000,000
5 ($3,265,500 4s)
Collateral trust bonds for Mt. Desert Branch A Bo
ext. Feb. l.'95..c
Sinking fd. 10-208, gold, old 6s,
Improvement bonds," A," gold, notmort., 8. f.NB
Do
do
"B" our., not mort., s. f.BB
Me. Cent. Eu. & No. Am. refunding mort, gold...
1st M. Penobscot Shore Line RR. Co., assumed.
K. & L. 2d mortgage (for $400,000) aseum.BB
European & N. Am. stock, 5 p. o. rental 999 years
Portland & Ogdens. stock (2 p. o. rental, 999 years)
Con.M., ($800,000 are 3^8) gu p. & l.end.BB.c
Portland Un. Station M., ser. "A" & "B" text 8. f.
Dexter & Piscataq uis stock 5 p.c. rental 999 years.
1st M., Dexter to Dover, etc., guar, by end.
b Also $20,253,000 in treas'y or pledged for oth
f $15,000,
d $42,000. e $36,000,
c$36,000.
let oonsol. mort. ,
)
BB
179
160
49
220
105
189
189
1895
1881
1876
1H87
1887
1880
$1,000
$4,000,000
1,000
11,523,000
1,000
400,000
1,000
j 6.700,000
1,000 kl,996,000
1,000 Own. L. & N.
1886
1,000 1 4.7f) 3,000
1895
1,000
1,400,000
229 1896
1,000
1.000,000
228 1902
1,000
500,000
1902 l.OOO&c
5,870,500
Indi A.NAPO LIS & L ODI8VILLE.
20
20
600,000
97 1896
1,000
500,000
94 1901
1,000
1,410,000
100
4,977,000
4,193,500
304 { 1872 100 &o.
U872 100 Ac. 4,790,500
41 1883
1,000
669,000
1885
1,000
600,000
1886
1,000
200,000
1887
1,000
250,000
56 1893
1,000
1,000,000
48 1890
1,000
1,300,000
48 1891
1,000
400,000
120
100
2,494,100
109
100
4,392,538
109 1888
1,000
2,119,000
1887-9 1,000
300,000
*17
100
122,000
17 1889
1.000
175.000
er issu es, etc See text Additional
e $4 24,000
1$93 1.000, j $4
Control by Atlantic Coast Line.— Late in 1902 the Atlantic Coast
Line RR. acquired a majority of the stock (viz., $30,600,000 of the
$60,000,000outstanding). but the roads willbe operated independently.
V. 74, p. 830, 1038; V. 75, p. 733, 1 399.
Stock.— Inorease from $i5,000,000 to $60,000,000 authorized in
1893.— V. 57, p. 596. 809. In April, 1902, the $5,000,000 stock wat
Issued for Atlanta Knoxville & Nor. Ry. and extension. See above.
Div.— )
'83-'87
'88 '89 '90 '91 '92 '93 '94-'98 '99 '00 '01 '02 '03
3^4555
'04
None. 5atk. 5stk 6 5 4 4 None.
5
Bonds.—The Evansv. Hender. <t Nashv. bonds are drawn at 110 by lot
annually in October, for payment Dec. 1 in amounts increasing eacli
in 1903, $55,000.
five years until $150,000 per year is finally reached
The Pensacola Division bonds are subject to a drawing sinking fund
95.000 till 1900, inclusive, then $10,000, and so Increasing.
The general mortgage bonds of 1880 are called at 110 in Increasing
amounts each year; $345,000 vtere paid June 1, 1904. V. 78, p. 1223.
Da June, 1890, the "unified" mortgage (trustee, Central Trust Company) for $75,000,000 was authorized. $41,917,660 bonds being reserved to retire all prior liens (none of tne 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 covers (besides about 2,200 miles of road and equipment) $10,093,300 stock
of companies controlled, and $3,150,000 bonds free from any lien. See
abstract of mortgage in V. 51, p. 613; also V. 72, p. 1034, 1188; V.77,
p. 968. In July, 1904, company reported $52,501,000 outstanding, of
which $1,539,000 in treasury, $18,200,000 deposited to secure the
coll. trust 4s of 1903 and $614,000 in sinking funds or deposited for
other issues. See V. 78, p. 19i>7.
Mobile «6 Montgomery— Louisville <6 Nashville joint mortgage is for
$5,000,000, a first lien on 178 hi miles Mobile to Montgomery; $1,000,000 reserved for improvements. V. 61, p. 196, 750.
Kentucky Central mortgage abstraot V. 45, p. 372.
The collateral trust 4s of 1903 ($30,000,000 authorized issue) are
secured by deposit of $24,000,000 L. & N. unified 4s, $4,779,000
L. & N. Paducah & Memphis division bonds, the latter covering the
road from Paducah, Ky., to Memphis, Tenn., 254 miles; $2,500,000 L.
& N. Terminal Co. 4s (V. 75, p. 1354), $4,221,000 South & North
Alabama 5s and $500,000 Pensacola & Atlantic 6s; total $36,640,000
bonds. A proportionate amount of the collateral may be withdrawn
at any time on delivery to the trustee of not less taan $1,000,000 of the bonds. The proceeds of the $23,000,000 issued in 1903
(see list of collateral, V. 78 p. 1446.) were used to take up the
$7,500,000 collateral trust 4s paid off April 1, 1903, and the £645,400
South & North Alabama 1st 6s due May 1, 1903. and for other corporate purposes. V. 76, p. 542; V. 78, p. 287. 1446.
Of the $15,500,000 Louisville & Nashville-Southern Ry. joint bonds
of 1902, $1,563,000 are reserved to acquire the remaining "Monon"
stock and $2,110,000 for improvements and enlargements of the
.'Monon" at not over $500,000 yearly.
Finances.— Since July 1, 1894, the "construction account"
nas been closed. Amount of permanent improvements charged in
operating expenses in 1903-4 was $1,746,184, 1902-3, $2,00<>,603 In
Feb., 1904, dividends on Nashville Chat. & St. Louis stock ($7,177,600
owned) were resumed. V. 78, p. 229.
In 1902 the Louisville & Nashville and the Southern Railway acquired $9,796,900 of the $10,500,000 Chicago Indianapolis & Louisville common and $3,873,400 of the $5,0u0,000 preferred stock in exchange for their Joint 50-year 4 per cent bonds on the basis of 78 for
the common and 90 for the preferred stock or optionally 60 per cent
of the purchase price in cash. V. 74. p. 1138; V. 76, p. 593.
EAENINGS.-2 mos., > 1904
Gross, $6,017,759; net, $1,99^,260
July 1 to Aug. 31.
6,012,171; net, 1,730,579
1 1903... Gross,
Report.—Report for 1903-04 in V. 79, p.!1457, 1471; see also p. 1437.
Tear end. June 30.
1904.
1903.
1902.
1901.
Average mileage....
3,618
3.439
3,169
3,327
Freight earnings. ...$27,348,817 $26,578,621 $22,772,176 $20,419,162
Passengers
7,643,685
7,044,087
6,217,803
5,742,581
Mail, express, etc..
1,951,291
1,722,278
1,860,464
1,826,671
Gross earnings.. ..$36,943,793 $35,449,378 $30,712,257 $28,022,207
Oper. expenses
25,141,548 23,970,813 20.902,438 18,233,033
Net earnings
H.80/,245 11,478,565
9,789,176
9,809,819
Net.inol. lnvs'tB.,<feo 13,437,399 12,601,058 10,810,841 10,493,861
Deduct— Taxes ....
$921,700
$813,538
$844,474
$832,074
Interest and rent...
5,151,736
5,613,228
5,184,076
4,987,018
Adv'8to8.&N.A.,eto
118,574
67,700
217,060
125,342
Sinking fd paym'ts.
128,900
146,600
144.400
141,100
P.
0.
5
;
Dividends...
.(5)3,000,000(5)3,000,000 (5)2,875,000(5)2,695,000
Burp, over divid'ds. $3,688,171 $3,211,048 $1,850,307 $1,586,113
Officers.— Chairman, Henry Walters, N. Y.; President, M. H.Smith,
Louisville; 2d Vice-Pres., A. W. Morriss, 71 Broadway, N. Y.
Directors, Dec, 1902, V. 75, p. 1354— (V. 79, p. 731, 1457,1462,1471.)
Lykens Valley BB.
& Coal Co.—Owns from Miller8burg,Pa.,to
Williamstown, Pa., 20 miles. Lease to Northern Central is terminable on 60 days' notice.
Rental $35,000 per annum.— (V. 64, p. 330.)
Macon &. Birmingham By.— Owns Sofkee Junction to La
Grange, Ga., 97 miles; trackage Sofkee to Macon, Ga., 8 m. Since
1, 1904, operated under direction of Ga. South. & Florida officials
although independently. V. 78, p. 584.
Feb
pal, When Due.
by Slocks— Last
Dividend.
Whom.
&
&
&
&
&
&
&
&
&
&
&
N. Y., 71 Broadway,
M.
6
g.
F.
7
4
5
g.
g.
J.
J.
F.
6g. A.
5 g. F.
4>ag. J.
5
Bonus— jfrinoi
Payable
4>a g.
J.
g.
4g. M.
4 g. J.
m
|
1811)
8.
do
do
do
do
do
do
do
do
do
A.
J.
J.
A.
O.
A.
J.
D.
S.
J. N.
Y„
,1 .
Sept. 1,
do
do
do
do
do
do
do
Aug.
Jan.
July
Aug.
Apr.
Aug.
July
do
do
P.
S. Y., Office, 13 Wm. St.
Boston, Old Colony Tr.
See text.
J. &
Portand, Me., Office.
7 in 1904 Q.-J.
A. & O. ) Boston, 2d National 5
4&4>2 A. & O. S Bank & Portland I
J. & D. Bost., Am.L.&Tr.; Port.
5
4*3 g, F. & A. Portland Tr. Co., Port.
4*3 g. J. & J. Bos.,2d Nat'l Bk.; Port,
5
5
&
J.
g.
g.
<fe
J.
J.
1,
1,
Oct., '04,
July
July
J.
J.
5&7
4ia
1,
Deo. 1,
Mar.
Morgan & Co. July
Q.-J.
5 in 1904
1,
1,
1,
1,
1,
1,
1,
1,
1946
1921
1906
1987
1937
1910
1936
1945
1946
2002
1952
1M%
1946
1951
Oct. 1, '04,
do
do
Boston and Portland.
Boston, Sec Nat. Bk.
do
do
Bangor, Treae. Office.
Portland, Me. Cent. Of.
Bos., 2d Nat'l Bk. APort
Apr.
Apr.
June
Feb.
\\
1, 1912
1, 1912
1, 1 923
1, 1905
July, 1916
July. 1917
Jan. 1, 1933
&
Aug. 1, 1920
& A.
Feb. 1, 1921
& A.
Oct. 15,'04,2*s
A O.
Aug. 31, '04. »a
-F.28
2
Nov. 1, 1908
313&5 M. & N.
4
J. & J. Portl'd, Me., & Boston. J'ne 27,Jan.29
July,'04,2»«%
Dover, Me., Office.
J. & J.
5
4
J. & J. Bos., 2d Nat'l Bk., Port, July 1, 1929
amounts were o wned by the Co. on July 1, 1904, viz.:
k $100, 000. 1 $4,744,000, m $43,000.
2.000,
4g.
4
5
5
Gross, $48,204; op. &et.,$6,5' f6
> 1903
Gross, 54,906; op. def.,
779
July 1 to Oct. 31. S1902
Da year 1902-03 gross, $148,853; def. under oper. exp., $20,949; int.
on bonds, $25,000, not paid— (V. 62, p. 1040; V. 78, p 584.)
Macon Dublin Savannah BB.—Owns road completed from
Macon to Dublin, 54 miles projeoted to Savannah, 99 miles additional,
of which 7 miles easT from Dublin, together with branch from eastern
terminus of line to Vidalia, 33 m„ completed in Jan., 1902; total, 94
m. Owned by the 111. & Ga. Improvement Co. of Chioago. V. 60, p.
711, 794, 873. In 8ept 1904, suit was brought against the Improvement Co. to enforce a loan of $750,000, secured by Mac. Dub. & Sav.
stock and bonds, Interest on the latter being reported In default. V.
79, p. 1462. The Amer. T. & Sav. Bk. of Chioago is mortgage trustee.
V. 73, p. 184. In year ending June 30, 1904, gross, $222 .878; net, $47,518. Stock $1,250,000; par,$100.— (V.75p.342; V.79, p. 1462.)
Maine Central BB.—Line of road, Portland to Vanoeboro, Me., via
Augusta, 251 miles; branohes. Cumberland Junction to Skowhegan,
via Lewiston. 91 miles Bath to Lewiston and Farmington, 76 miles
branches— Belfast, Dexter, Bucksport and Mt. Desert, including ferry,
(7-7 miles), 132 miles; Portland & Ogdensburg Ry., Portland, Me., to
Lunenberg, 110 miles small branches, 7 miles; Upper Coos and Hereford railways, Quebec Jot., N. H., to Lime Ridge, Quebec, 108 miles;
Bath to Rockland (including steam ferry, 6-10 miles.) 49 miles; total
June 30, 1904, 824 miles, of whioh 395 owned, 388 operated under
999-year leases, and practically owned; 33 miles operated under 50year leases and 8 miles ferry lines.
In Jan., 1901, the entire stock of the Washington County Ry., 137
miles, was purchased, its 3><j p. c. bonds (see table above) being guaranteed, prin. and int., by end; but road is operated separately. V. 77,
p. 2390; V. 78, p. 103, 820, 989.
Stock.— Stock for$2,516,000 owned by Boston & Maine. V. 72, p. 988.
Dividends. -1884 to July, 1903, 6 p. o. yearly; Oct., 1903, l\ p. o.;
1904, 7 p. c (Q-J).
Bonds.—There are also $81,000 Maine Shore Line 6s, due 1922;
also $105,500 Belfast & Moosehead Lake mortgage bonds, due 1920,
not guaranteed. Interest and sinking fund paid out of rental; And
& Ken. stock and bonds, $11,000, exchangeable for M. stock. Jointly with B. & M. guarantees $300,000 Port. Union Station bonds.
Also guarantees Washington County Ry. bonds. See above.
Annual Report.—Report for 1903-4 was in V. 79. p. 1328.
Tears ena. J une 30, 1904.
1903
1902.
1901
$6,194*,305
Gross earnings. $6,773,560
$6,541,160
$5,826|401
Net earnings.... 1,432,017
1,432,305
1,425,166
1,666,717
Other income..
218,061
193,324
153.857
134,535
Net income. $1,650,0 78
$1,625,629
$1,579,023
$1,801,253
Interest
$643,110
$643,110
$604,222
$643,110
Rents
545,876
592,922
545,876
545,876
Dividends
(7)348,348
(6)298,575
(6)298,566
(6)298,554
Sinking fund...
29,440
29,440
29,440
29,440
Charged off
_^^^r.
200.000
Bal., surp.
$108,628
$62,031
$84,305
$76,115
-(V. 77, p. 765, 821, 2390; V. 78, p. 103, 820; V. 79, p. 1328.)
Manchester &. Lavi re nee BB.—Owns from Manchester, N. H. to
Methnen (State Line), 22H miles. Leased for 50 years from September
1, 1887, to Boston & M iine at rental paying 10 p. o. div. In 1895 a
div. of 50 p. c paid from prooeeds C. & M. suit.— (V. 73, p. 1264.)
:
Earnings.— 4 mos.,
&
;
,
;
;
C
,
Manhattan By. (Elevated).—Road— Owns all the elevated railroads in boroughs of Manhattan and the Bronx, N.Y. City, main line
and branches, 37*2 miles, doubled-traoked, with 14 miles additional
third track, sidings, etc. V. 70, p. 176. 633. Late in 1902 began using
electric third-rail on entire system. V. 75, p. 733.
Lease.—The Interborough Rapid Transit Co. leases the road for 999
years from April 1, 1903, the rental from April 1, 1903, to Jan. 1, 1906,
to be 6 per cent per annum on the stock and 1 per cent additional if
earned, and after Jan. 1, 1906, 7 per cent; also $10,000 yearly for expenses of organization. Of the $12,000,000 new stock authorized in
Jan., 1903, $7,200,000 was subscribed for at par by stockholders; the
remaining $4,800,000 is not to be issued prior to Jan., 1906. V. 75, p.
1202, 1254, 1302; V. 76, p. 212; also Interurban Rapid Transit Co., V.
76. p. 101. Form of guaranty, V. 76, p. 480.
Bonds.— 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
tlouble track. (See abstraot of mortgage In V. 51, p. 248, and application to New York Stock Exchange in V. 52, p. 353.)
To May, 1898, claims aggregating $8,847,854 had been paid as damages to abutting property and other oases were before the courts. See
Chronicle, V. 66, p. 954, and V. 67, p. 789. Personal property tax
assessment, see V. 66, p. 954; V. 67, p. 222; V. 68, p. 1282, and V. 71.
p. 1120, Taxes in litigation Oct, 1903 (other than franchise tax), per
balance sheet. $303,000. V. 76, p. 212.
Dividends.— )
'89 '90-96 '97 '98 '99
1900
'01 '02
1903
1904
Since '88. P.Ct. ] 5% 6 yrly. 4^ 4
4
4
4 4 Below. Below.
In 1903, Jan. 1»» p. c; Apr., 1% p. o. for 3 mos. ending March 31,
1903, and 1 p. c additional for the 9 mos. to that date; July, Ha p.c;
Oct., 1*2 p. c; 1904, Jan., 1** p. c; April 1, 1904, Ha p, c. and 1 p. o.
additional for year ending Mar. 31, 1901, making 7 p. c. for year; July,
l^p. c; Oct., Hs p. c. See V. 76, p. 1249. See lease above.
J
RAILWAY STOCKS AND BONDS.
820
[Vol. lxxix.
RAILROADS.
tionas ±tiiu
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Doe
Amount Rate
column headings, Ac, see notes of
of
Par
per When Where Payable, and by Stocks— Last
on first page of tables.
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Dividend.
Maine Oenl. fOonel. )— Seref. Ry. stk. (rent. 999 yrs.)
53
$100
$800,000
4
M. & N Portland, Me. Cent. Of. Nov., 1904, 2%
1st mortgage, gnar. p. & 1. (endorsed)
53 1890
1,000
800,000
4
M. A N Boston, 2d Nat'l Bank. Nov. 1, 1930
Upper Coos RR. stock, 6 p. c. rental 999 years.
55
100
350,000
6
M. & N Portland, Me., Office. Nov., 1904, 3%
1st mort., guar. p. & 1. (endorsed)
22 1890
1,000
350,000
4
M. & N. Bost., 2d.Nat. Bk.; Port. May 1, 1930
Extension M., $21,000 p. m., guar. p. & i.(end.)
33 1890
1,000
4l«
693,000
M. A N. Portland, Me., Offioe.
May 1, 1930
Dexter & Newport, stock, 5 p.o. from Nov. 25, '98
14
100
122,000
5
J. A J Treas'rs Oifice.Portland July', 04, 2ia%
1st M. (old 6s refund, in 1897) gu. p. & i. end.*
14 1897
175,000
M A S See. N Bk.,8os.<fcPortl. Sept 1, 1917
4
Eastern Maine, stock, 4*$ p. ct., rental 999 years
19
"Too
200.000
4lfl
M. A N Rockland, Me., Office. Nov.,'04, 214%
Wash. Co., 1 st M., $20,000 p. m., g., gu., end.,red
137 1904
1,000
2.500,000
3hig J. & J Treas.off., Portland.Me. Jan. 1, 1954
"Ranches. <& Law.— Stock.10 p.c.ren'l till 1937.B.AM.
22
100
1,000,000
10
M. <te N. Manchester and Boston. Nov. 1, '01,
Real estate bonds (not mort.) int. gu. by B. A Me
5%
1892
1,000
274,000
4
J. & J.
Boston, B. & M. RR.
Jan. 1, 1922
Manhattan (Elevated) Ry ,N. T.— Stock, $60,000,000 "37
100 55,200,000 See text, Q.-J.
N. Y., 195 Broadway. Oct. 1,'04, Ha
Metropol. El. 1st M., $600,000 p. m., ass'd.g.Ce.c*
18 1878 * A $
10,818,000
J. A J. N. Y., Mercantile
Co.
N. Y. El. deb., secured by consol. mort. of 1890.
32 1886
1,000
1,000,000
I* M. A S. N. Y., Mercantile Tr. Co. July 1, 190b
Tr.
Moh. 1, 1916
Manhattan Elevated -consol. mort., gold.Ce.o*&r.
32 1890 l,000<feo 28,065,000
A. A O.
do
do
Apr. 1, 1990
Manis. Marq. & North'n— 1st M., $1,500,000, gold
53 1902
1,000
1,100,000
g M. & N. Union Tr. Co., Detroit. May 1, 1952
Man. <e Pikes' Peak By.- IstM., $500,000, g ITip c
9 1891
1,000
500,000
i
A. & O.
See text.
Oct.
Marietta Col. a Clevl'd- IstM $250,000. gold.K
49 1900
1,000
250,000
5g M. A N. N. Y., Knick. Trust Co Nov. 1, 1909
1, 1940
Md.D .<£ Ta. -Qu.An.pr.l. M„red.l03 to'06, then par
1901
330 000
M. & 8
5
Baltimore.
Mch. 1, 1951
New mortgage, $2,000,000 auth
See text.
Maryland <t Penn.— York A Peach Bot. M. (text)
40 1882 50, &o
249,950
5
Text. 1st Nat. Bk., York Pa
1, 1932
1st mort., $1,200,000, gold, call at 105.MeBa.C
84 1901
l.Ooo
550,000
4* M. & S. N. Y.,Brown Bros. ABalt Apr. 1, 1951
Mch.
Inc. M., $900,000, 4% cum., call at par ItlBa...
84 1901
1,000
900.000 4 In 1903 A.
do
do
Apr. 1, 1951
Jfassawippi— Stock guar, same div. as Conn. &Pass.
37
100
800,000
F.
6
Boston, S. D. & Tr. Co. Aug 1, '04, 3%
Meadville Conneaut Lakea Linemille—Xst M
23 1891
1,000
200,000
5
J.
Mer. Nt. Bk., Meadv.Pa. July 1, 1921
fitexicnn Central— 1st M. (unassented) inclu. scrip
1881
1,000
276,000
,T.
(7) 4
Boston.SafeDep.ATr.Co July 1, 1911
Priority bonds, gold, red. at 110
1889
1, 00
See text.
g J.
July 1, 1939
Consol. mortgage, $32,000 per m., gold.BB.c*<fcr 2,689 1889
1,000
l
66,819,000
J.
do
do
July 1, 1911
X.Btcons. inc. Ascrip,n.-cum.($9,600p.m.),g.ABC 2,689 1889
1,000
20,563.400
July
None paid.
g
Jan. 10. 1939
2d oon.inc$6,400p.m.red.at50%to Aug.'29A Be* 2,689 1889 1,000 11,282.000
i
do
Jan. 10, 1939
Registered income bonds and scrip, unassented.
1881
1,000
367.200
July 1
3
do
July 1, 1911
Ooll.tr. bonds, g., sec. by cons. 4s, call par.lTlSic*
1902
1,000
10,000,000
4»2g, F. A A. St. Louis & New York
Feb.
Coll. trust notes, $10.0o0.0ro an'h.. text.
1904
10.000 «'00
T.
6
& J. N Y..co'soffl .25 Br'dSt. Jan. 1, 1907
1, 1907
-
ffor explanation of
-
.
-
-
-
Manhattan Ry.— (Concluded.)
ville, la.,
Annual Report— Report
for year 1903-04 was given in V 79
report for year ending Sept. 30, 1903, In V. 77, p. 1872
731, and
Tear ending June 30—
Gross earnings
Net over operating exp
p
n2?~*
quired
'
1904.
1903.
1902
$14,187,683 $12,208,337 $10,665,911
8,341,631
6,747,540
5,147,326
Other income
341.505
346.859
625,800
Interest, rentals and taxes
2,880,909
2,820,859
2,699,671
Dividends
..(7)3, 876. 503<6%)3, 546,000 (4)1,920,000
.
Bal. after dividends ...sur.$l,925,724 sur.$727,544sur.$l,153,455
Yr.Bep.30. Passengers. Yr.Bep. 30. Passengers. Yr.Sep.30. Passengers
1897-98.. 1" 9,728,356 1899-00.. 183,788,851 1901-02 223,427,283
1898-99.. 177,204,558 1900-01.. 194,152.316 1902 03 255,565,390
(V. 77, p. 1872.2157; V. 78, p. 989, 1781; V. 79, p. 731 .)
11
18 m.; trackage, Council Bluffs to South Omaha, 7 m.; total.
^«. In* M S IchAi d0]' Cn10a K° Great Western
the stock and bonds, and extended the line to
all
Interest*
ac-
Council
Bluffs
The road is operated as a part of the C G. W. system under an
agreement dated Apr. 1. 1901. running for 100 years, providing that
all net earnings above 4 per cent interest on new
bonds *o be issued
shall go to the latter, the stock to be exchanged for
Chic Gt Western
common stock dollar for dollar. Compare Chicago Gre*t Western Rv
an
73 p 56 6 616 722: V 77 P- 64 °- Stock K**o,O00,0wO.V
78
?-^o V ,
p. 1782. In July, 1904, new bonds had not been issued.
In year ende 30
(252 a^ r age miles), gross, $937,054; net, $226,719.
^ i®2*
fv/2S
etc.
,
'
'
'
;
—
I
manbattiin (Elevated) By.— See preceding page.
Manlctique Marquette A: ivorttaern Kit.— MaDlstlque, Mich
,
on Lake Michigan,
northerly to Shingleton, on the Duluth So. Shore <fe
Atlantic 40 miles, with branch to McNeil's, 13 miles; V. 75. p 185
Operates a car ferry betwten Manlstiqueand Northport, on the Traverse City Leelenau & Manistlque RR., and also one bftween Manlstique and Lmliugton on the Here Marquette RR the latter operati n g
the road with light of purchase. V. 78, p. 1012; V.74. p. 776; V. 76,
p. 810.
Stocks, Bonds, ETC.-Stock, $2,000,000, all outstanding. The unissued 58 of 1902 (authorized issue of $1,500,000; Union Trust Co of
Detroit, mortgage trustee) are applicable to an additional car ferry
equipment, improvements, etc. V. 75, p. 185. For year ending Dec 31
1903: Gross earns., $130,936; net, $1,890: int on bonds, $51,667- dof
$49,776. Pres., E F. Blomeyer; Sec, J. Goldba .m.— (V. 78, p. 2012.)''
.
'
ManlMce & Grand Rapid* KB.— V.
~M ? nPeak, „*F
ito u 8-9
Pike's
,
79, p. 1642.
PIbe's Peak By.-Manitou,
Col., to
summit
of
miles, standard gauge.
In Oot.,1903, an extension
<to be electric) from Pike's Peak to Cripple Creek, 9 miles was
tinder consideration.
Operated from April to November yearly
Stock, $500,000; par of shares, $100. In Oct.. 1903. all coupons due
h ad been paid. For year ending June 30. 1903, gross, $107 287- net
$58,393; total deductions, *27,1H7; bal., sur., *31,206. President c'
"W. Sells; V.-P. and Treas., Z. G. Simmons; Sec, J. B. Glasser. Office'
Manltou, Col.— (V. 71, p. 646.)
'
Maricopa &. Plioenfx & Salt Biver Valley RR,. Maricopa
to Phoenix, Ariz, 36 miles; Tempe to Mesa, 7 miles; total, 43 miles
stock. $1,000,000; par, $100; of which southern Pacific Co owns
$510,000. Bonds, $540,000 M>r. & Pb. 1st 30-year 6s. due. Nov 1
1916, and $78,000 M. & P. A Salt Kiv. VaL 5s due Deo. 23, 1925 (int'
M. & N.) V. 67, p. 1357. Year ending June 30, 1902, gross, $15* 1*5net, $46.08S; int. on bonds, $36,300; taxes. $5,650; bal., sur., $4,138 \V. 77, p. 2280.)
Marietta Oolnmbns
Cleveland RB Owns from Moore's
4208 miles; branches, 742 miles- trackage
&
Junction to Palos, Ohio,
to Marietta, 3-20 miles. V. 71, p. 810, 1012. Stock. $250,000 For 9
inos. ending June 30, 1903, gross, $56,871; net, *5,519.
Pres D I
Roberta, N. Y.; Treaa., James T. Blair, Greenville, Pa.— (V. 75, p.
666J
ry
P* Virginia By.-To operate Queenstown,
«2Iato T1and J>«-l aw a rRehoboth Beach on Atlantic Ocean,
Lewes, Del., and
Ma.,
.
60 miles
which Lewes to Rebohoth, 6 miles, is I'ennsylvauia tiaokage.tranches, Queenstown to t:entervill«,6mlle8, and Queenstown to Love
nt, 12 miles; total, 84 miles. Also to own 17 stealers running
'between Baltimoie, Washington, points on the Potomac River the
Rappabanock River and Noifolk. To b* a consolidation in the intere t
of the FeunsjlvaniaRR., it is understood, of all the transportation
piopertiesot Chesapeake Bay and vicinity not already controlled bv
that company by merger alter foreclosure of Queen Anne'* RK with
t he Weeins and Chet-ter River st amboat cos.
V. 79, p. 1642 1704
Stock to be $3,<i00,0o0, of which one ba'f part 4 p.c non-cumulativepar of shares, $100 each; bonds, $2,o- o.uOO, of which *l 75o ooo to
be issued at present, has been financed. The *330,000 Queen'Anne's
prior lien 5s are to remain undisturbed.— (V. 79, p. 164^, 1704.)
if
Mar) land & Pennsylvania BR.— Baltimore, Md., to
York Pa
-50 miles, with branch, Delta to Peach Bottom, 4 m.
V. 72, p. 339
Stock and Bonds.— Stock authorized, *3, 600,000 of which * '^97
300
-
reserved for future requirements. In 1902 the authorized issue of
was reduced from $2,700,000 to $1,200,000. of which
$250,000 are reserved to retire the York and Peach Bottom 5s and
$400,000 additional for future purposes. V. 74, p 94 4^7 York and
Peach Bottom, "A," bonds are for *47,510, Interest A A O.;' "B" bonds
$202,450, int. M. A N. In 1901 3 p. o. paid on Incomes; in 1902, 4 p o
Earnings- 6 mos. j 1904
Gross, $155,677; net, $43,070
Mar. 1 to Aug. 31.
> 1903
Gross, lt>3,457; net 54 053
Surplus over charges, $25,825, against $36,803 in 1903.
Rbpobt.— Report for year ending Dec. 31,1903, in V 78 v 13^7
•howed: gross, $309,356; net, $91,712; int. on bonds, $70,498- bal'
•or., $21,214. Pres., John Wilson Brown.-(V. 78, p. 3-ta, 1 3 87.')
Maaon City
Ft. Dodge l{lt,-,s>c Map Chlcaao
Western.)— Owns road from Oelweln, la., to Couucll Blurts, 260 Great
milesHayfleld, Minn, to Clarion, la., 100 m.; branohes Co Lehigh and Coal;»e first 4s
&
miles, with branch, 3m ; trackage to Sherbrooke7QueT, 3nV:
total 40
miles. Leased for 999 years from July 1, '70. to the
Connecticut
eas
sumps o Rivers RR. Stock, $800,000; par of shares $100; dividends
payable Feb. and Aug. 1. Dividends formerly 5 p. c; 6p o
since
Jan. 1. 1897. Of the stock. $400,000 owned by the Conn.
Pass. River
ep °« te
un( e
;8 mortgage
and $50,000 is represented
*rI,
,
l
Connecticut Trust A Safe Deposit Co. of Hartford 5 per oent trust by
cer
tiflcates.
(See Supplement of October. 1901.)
A
A
^^
i"
Meadvllle Conneant Lake & I.lne8VllIe.-Meadvllle toLlnesa
m,1
ndbra 0he8 2mlle8; total 23 miles. Leased to
n,L'r 1-Qoi to ^'^
5
June 8, 1989,
Pittsburg Bessemer A Lake Erie
'
oent of gross earnings.
.
Stock, $200,000; par, $50.
RR.; rental 25 v
ner
Mexican Central Ry. Limited (MexIeo).-rSee Map.)-Or>.
Mexioo City north
i
to Juarez City, with
etc., viz,
Oto>ied—
Mexico City to Juarez
Mexioo to Rio Balsas
Chlcaloteto Tampico
Tampico to Trevlno
Miles.
City.. 1,224
Branch, Irapuato to Ameca .
Branch, Guadalejara to Tux-
181
407
3
217
numerous branches,
Owned -
Miles.
Jimenez to Rosario
Other branches
Leaf d Mexico Union Ry
Bar extension (Tampico to
LaBarra)
96
388
n
q
pan.
120
San Pedro to Paradon
138
Total Jan, 1, 1904
3.155
In June, 1901, the Monterey A Mexican Gulf RR., Tampico to
Gen.eral Trevlno, 388 miles, was acquired, and in Dec,
1903, extension was
completed from Paredon to the San Pedro branch, 138 miles bv
which Is reached thematn HneatTorreon. Extension was building from
Lechoria. near City of Mexico, to near Tampico. 225 m. including
the
Pachuca Zacaultipan A Tampico Ry. (purohased), Sandoval to aptilco
about 62 miles, the unconstruoted portion carrying a subsidy in 5%
silver bonds at $10,000 per' mile
J he
Mexico
CuernavaoaA Pacific Mexioo to Balsas River, 181 miles was aoauired
by deed on Nov. 12,1902, and extension is projected to Aoapulco
(V. 73, p. 337, 957; V. 74. p. 729. 1035, 1196; V. 75, p. 98lfl2«SU
Organization.— Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Govsrnment. Debt readjusted in 1889— see V. 48, p 191 292 327 See
also Mexican Cent. Ry. Securities Co., Limited, below 'jnMar
1901
a syndicate headed by H. Olav Pierce of St. Louis acquired a m'aiorltv
of the stock. V. 72, p. 627, 873; V. 75, p. 29; V. 77, p 299, 40
L
8tTB8iDY.-The balance of the subsidy in trust ($1,812,794 on Jan 1
1903.) was applied toward the payment of the 1903 and July 1904'
'
etc
,
Mexican Government
—
coupons on the consol. 4s. V. 79, p. 103.
Stock.— Auth., $25,600 per mile; outetand., $47,962,100, par $100.
Bonds.— Of the authorized issue of $8,000.00 ) priority bonds $1 403.000 were paid off with proceed* of subsidy collections, and
canceled in 1891; $1,000 000 was issued in la04 for additional
roll ng stock; the balance, $5,597,000, was held as an Investment
by
the trustee of the consolidated mortgage, but of this about $1,250 000
was withdrawn to pay. In connection with the balance of the subsidy
lund, the July, 1904. coupon on the consol 4s See V. 52 p 390- V
79, p. 103. (See abstract of mortgage in Chronicle, V. 49, p. 177
Both series of incomes are non-cum. and secured by one indenture to
the American L. A T. Co. of Boston. First incomes reoelved 3 d o
Interest in 1890, 1891 and 1892; none sinoe. V. 72, p. 627 880
In 1904. in addition to the $66,819,000 consol. 4s shown above.
$33,419,000 had been certified by the trustee, of which $16,129 000
were held as collateral for 413 percent bonds and about $16,000 dOO
for b p. 0. notes of 1904. V. 79, p. 267. fee Mex. Securities Co. below.
•
)
'
in February, 1902, the company issued $10,000,000 collateral trust
5-year 4»« per cent bonds, secured by $16,129,000 consolidated 4s
held in the treasury, the proceeds of which were used to retire the
$6,000,000 notes Issued in payment or Monterey & Mexican Gulf RR
the balance to be applied to 137 uiile extension of that road to main
line, payment of about $^,000,(00 Moating debt, Improvements,
etc
See V. 73, p. 957; V 74, p. 205, 728; V. 75, p. 29.
In July, 1901, $10,000,000 6 per cent 2'o-yr. notes we^e sold to pay
the floating debt, 1 hey are secured by deposit of about $16,000 000
consol. 4s, $2,5t 0.000 Tampico harbor bonds ani $1,200,000 priority
.uni,y
? , v
bonds. V.79, p. 103, 269, 627.
Earnings. -Mexican our.. ) 1904.. Gross, $1,066,710; net, $1,130,597
Jan. 1 to Aug. 31 (8 mos.) > 1903. .Gross, 4.0o5,657; net,
754,365
Annual Report— Fiscal year changed to end June 30. Statement for
3 years ending June 30, 1904, was In V. 79, p. 966. The figures for
,
uw F
Oct., 1904.
J
RAILWAY STOCKS AND BONDS.
1821
RAILWAY STOCKS AND BONDS.
1822
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
of
of
.
.
.
16
615
880
880
83
$650,000
750,000
350,000
£iod&c
stock,
£600,000
Michigan Centra I— Stock
red. at par,
G
U
&
1902
1890
1881
1881
•>•
350
84
18
41
45
13
&
&
cOf
•79-'86
1889
1896
1901
1889
1889
1877
1866
1871
whioh
174,839
$6,093
$3,597
(?)
None.
Pres't, A. A. Robinson.
Executive Committee: H.Clay Pierce (Chairman of Board), Breckenridge
Jones, A. A. Robinson, F. H. Prince, C. D. Simpson, Bben Klcbards, 15. N. Foss
and
J. C.
;
Van Blarcom.
25 Broad St.,
New York. Directors. May, 1904, V.78, p. 2012.
266, 269, 627, 903, 966, 968.)
Mexican Central Ry. Securities Co., Limited.—This depositary company was formed in 1899, per plan In V. 68, p. 331, to acquire
the 4 per cent consols of the Mexican Central Ry. Each $l,O0o bond deposited was exchanged for £102 "A" and £102 "B" debenture
4 per cent stock, a first and second charge respectively upon the
deposited securities, both secured by the same deed of mortgage to
Right Hon. Lord Hllllngdon, Right Hon. Lord Revelstoke and H. W.
Smlthers, trustees. Issued $3,841,830 each of "A" and "R;" interest
on "A'' is payable Jan. and July 15 in London; on '*B" same, if
Office,
—(V. 79,
p. 103, 213,
earned, otherwise cumulative; par, £100.
Seoretary, 3 Gracechuroh Street. London. E.
Frederick M. Spankie,
C— (V. 68, p. 331, 524.)
Mexican International KK,- (See Map, page 1831).— Owns In
Mexico a standard gauge road from Eagle Pass, Tex. (where connection is made with the Southern Pacific), and Cludad Porflrio Diaz, via
Torreon, on Mexican Central, to Durango, 540 m., with branches, 90
m.; Reata to Monterey, 72 m.; branch to Tlahualllo, 43 m.; new branch,
extension Durango to Tepehuanes via Santiago Papasqularo, 135
miles, completed in 1902; total, 880 miles. Extension proposed to
Mazatlan, on the Pacific Coast Organized under laws of Connecticut.
In April, 1902, control of the road ($15,786,100 of the stock and
all of the $4,499,000 inoome bonds) was taken over by the National
RR. of Mexico as per plan V. 73, p. 784. See V. 76, p. 1192.
Stock.—Authorized $25,000,000; Issued Jan., 1904, $20,708,200.
Bonds.— In 1897 reorganized, reducing fixed charges on 659
Mexican National RR.—See National RR. of Mexloo.
Mexican Northern Ry.—Owns from Esoalon, Mexloo, on
do
Oct.
Aug.
1,
1,
1,
1917
1919
1919
1947
Sept. 1,
Sept. 1, 1977
Sept. 1, 1977
do
Own'd byNa.RR.of Mex.
6
offlce,
82 Beaver Deo.
N. Glyn, M. C.
& Co.,
Glyn, M. C.
& Co..
J.
See text. See text
1,
1910
Lon. Nov., 1904,
Lon.
Cheoks mailed.
3%
Perpetual.
May 9, '04, 1'6
& A.
& A.
4 in 1904 J. & J. N. Y. Gr. Cent. Station. July29,'04,2%
3iflg.
M. & N Reg.at G.O.S; cp.atG.T. May 1, 1952
4
J. & J. Rg.atG.C.8.;op.atU.Tr. Jan. 1, 1940
M. & 8. N. Y., Union Trust Co. Mch. 1, 1931
Q.-M. N.Y.,Gr*d Cent. Station. Mch. 1, 1931
i
\
M. & S. N. Y., Union Trust Co. Sept. 1, 1909
6
M. & N. N. Y., Gr. Cent. Stat'n. Nov. 1, 1939
5
4 g. J. & J. Rg.atG.C.S.;op.atU.Tr. July 1, 1941
3iag. M. & 8. Rg.atG.0.8.; cp.atG.Tr. Sept. 1, 1951
M. & 8. N. Y., Gr. Cent. Station. Sep. 1, '04. IV
3»a
Jackson, Mich.
July, '04, 2i«%
J. & J.
5
J. & D. N. Y., Union Trust Co. Deo. 1, 1989
% g J. & D.
do
do
Deo. 1, 1989
v- J.JO-J.IO N. Y., Farm. L.& Tr. Co, July 10, 1907
M. & N. N. Y., N. Y. 8usq. & W. Nov. 1, 1911
do
June 1, 1910
do
J. & D
4
4
F.
F.
-
N. Y.
Ce ntral
&
H. R. RR. Co.
-
Mine Hill A Schuylkill Haven KK.— From
Schuylkill
Haven
Ashland and Enterprise Jot., 69 miles; 2d track, 21 m.; total traok,
136 miles. In 1897 rental reduoed to 6 p. o. on stock under new lease
for 999 years from Jan. 1, 1897, to Phila. & Read. Ry. Co. Dividends
Said stockholders are 2*v jp. o. in Jan. and 3 p. o. in July, ^ p. o. being
eductod for taxes— (V. 63, p. 1011.)
Mineral Range RR.— See page 1912.
Minneapolis 6c St. Louis RR.— (See Map.)— Owns main line
Minneapolis to Angus, la., 260 miles; Western Dlv., Hopkins to Watertown, S. IX, 215 miles; Ealo Branoh, 1 % miles: Lake Park Branch, 1%
m. Wlnthrop, Minn., to Storm Lake, Minn., 154 miles. Leases trackage from Minneapolis to 8t. Paul over St. Paul & North. Pac RR., 10
miles total operated, 642 miles. Also owns, but leases to Bur. O. R.
& Nor., Albert Lea to Iowa State Line, 13 m.
History.— A reorganization in Oct., 1894, per plan in V. 59. p. 871,
of Railway foreclosed under improvement and equipment mortgage;
mileage has sinoe been about doubled.
In June, 1900, persons Identified with Minn. & St. L. obtained conThe Des Moii es & Fort
trol of the Iowa Central Ry.; V. 70, p. 1249
Dodge RR control of whloh was acquired in 1901, will be formally
over on Jan. 1, 1905. V. 78, p. 2335; V. 79. p. 269, 1704.
taken
to
the
;
1901-02... 262,149 124,753 34,597 112.707 105,000 def. 58,357
1900-01.... 642,132 262,720 39,262 137,285 142,500
22,197
-(V. 70, p. 280; V. 7 p. 581, 1011; V. 74, p. 1089 V. 77, p. 2098.)
D. N. Y.,
i
Stock.—Capital stock Is $3,000,000 par of shares $100; see appll
cation for listing on N. Y. Stock Exchange In full, V. 64, p. 619.
Dividends.. ) 1892. 1893. 1894. 1895 99. '00. '01. 1902.
1903.
Per cent.. .s 6*8
6^
6
4 yearly. 5 4^
2
l»a
In Dec, 1903, dividends suspended for the present; V. 77, p. 2u98.
Bonds.—The mortgage is for $1,660,000, of whloh $621,000 held by
the sinking fund In Dec, 1903. See V. 60, p. 482.
Annual Report.—Earnings as follows In U. 8. currency
Other inc. Charges.
Net.
Vivid. Surplus.
Gross.
Tear.
1902-03. ..$200,888 $107,347 $30,849 $110,056 $60,000 def.$31, 860
;
See text.
&
M. &
J. &
J.
,
to Sierra Mojada, 83 miles, all steel.
,
S.
Apr.
;
miles from $605,360 to about $448,650. Of consol. 4s $2,497,000
were In Jan., 1904, reserved for extensions at $10,000 per mile and
improvements. The total issue of consols ie limited to $16,000,000.
The National RR. of Mexloo under agreement of June 30, 1902, has
stamped $5,839,0O0of theoonsols as guaranteed, principal andinterest,
these being also subject to call at 95 and interest on or before Mar. 1,
1907. V. 75, p. 185. Of the consols, $3,000,000 are deposited as collateral for the National RR. of Mexloo 5 p. o. notes. V. 77, p. 769
Prior lien 4^8, see V. 65, p. 151. 1071. Consol. 4s of 1897 listed on N.
Y. Stock Exchange Feb., 1898. See application In V. 66, p. 341.
Dividend on lnoomes, 4 p. c, was paid for 1902 and 1903.
Earnings— Mex. our'cy. ) 1903. ...Gross, $4,682,884; net, $1,951,835
Jan. 1 to Aug. 31,8 mos. S 1902.... Gross, 4,800,242; net, 1,879,303
Annual Report.— Report for year ending Dec. 31, 1903, was given at
length in V.78, p. 2008, 2016; see also editorial, p. 1989. In 1903, gross
on average of 879 miles, $7,091,827 (Mexican currenoy); net, $2,786,357; In U. 8. money, net, including other inoome, $1,173,056; int. on
bonds, $549,031; miso llaneous (net) items, credit, $30,814: interest
on lnoomes, $179,960; bal., surplus, $474,879. Pre-., E. N. Brown.
N. Y. office. 30 Pine 8t.-(V. 77, p. 769; V. 78, p. 2008, 2016.)
Mexican Central Ry.,
M.
M.
M.
O. 01.Col.T.Co.,Bos.&Lon.
do
do
O.
A. N. Y., Morton Trust Co.
S. London, Speyer Bros.
N. Y., 30 Pine 8t.
S.
page.)— Line of Road.— Main line- Kensington to Detroit, 270 miles,
and Windsor to Suspension Bridge (Canada Southern), 226 miles;
total main line. 496 miles.
Branohes owned and leased 1,143 miles
trackage (HI. Cent.) Into Ohloago under perpetual lease, 14 miles; total,
miles. There are 380 miles of seoond trackJanuary 1, 1904, 1,653
and 1,117 miles of side tracks. In Feb., 1902, Jointly with Lake Shore
& Mich. So. took over Detroit Toledo & Milwaukee RR., Allegan to
Dundee, Mich., 133 miles. V. 74, p. 379; V. 76, p. 1026.
Organization, Leases, &c— Re-inoorporated under general law In
Dec, 1901, V. 73, p. 1208. The N. Y. C. A H R. RR. Co. In April, 1898,
gave $115 In its3»s percent 100-year gold bonds for $100 In stook,
and so in 1903 held $16,814,300 of the $18,738,000 stock Issued.
Canada Southern New Contract.— See that oompany.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to July '04
3
nil. 4 yearly 5
5 5 »a y'rly
4 yearly
Peroent— s 5
Bonds.—Battle Creek <& Sturgis bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore & Michigan Southern, 7
miles of the B. C. & 8. Deing operated by that oompany. The $1,800,000 3^8 of <901 are a first mortgage on the Jackson Lansing &
Saginaw RR., 350 miles ( V. 73, p. 1061; V. 76, p. 1027.) In April, 1902.
$18,000,000 of 3^8 were authorized, of which $10,000,000 were sold
to retire the first 5s and 7s, and $3,000,000 additional have been sold,
the remaining $5,000,000 being reserved for additions, etc V. 74, p.
728; V. 76, p. 102; V. 77, p 1874.
Earnings.— For 6 months ending June 30 (1904 partly estimated):
Charges.
Divid'di. Bal., sur.
Gross.
If el.
6 mos.—
1904
$10.15 \000 $l,«4%000 $1,261,001 $374,760 $10,240
374,760 237,752
1,864,985
1,252,473
1903
11,253,604
Annual Report.— Report for 1903 was in V. 78, p. 1773.
1901.
1902.
1903.
Tear ending Dee. 31.
$22,552,20' $19,045,083 $18,490,273
Gross earnings
18,862.320 15,467,504 1 4,745,964
Op. exp and taxes
Net earnings
$3,6^9,881 $3,577,579 $3,744,309
3,744,813
3,631,592
3,814,048
Net, lnol'g other Ino
1«4,310
1^6,3
184,310
Rentals paid
2,026,468
2,271,250
Interest on debt
1,978,642
355,088
310,168
375,238
Can. Southern share
210,000
New seoond traok
(4)749,520 (4)749,520 (4)749,520
Dividends
$361,126
$23,776
Surplus
$495,253
-(V. 78, p. 1778, 1907, 2442, 2599; V. 79, p. 152, 1023.)
Middletown Unlonvllle A Water Gap KK.— (Sec Map N. T.
Susquehanna <& Western.)—Owns from Middletown, N.Y., to Unlonvllle,
N. Y., 13-65 miles. Stock, $149,850; par, $50. Controlled through
ownership of stock by New York Susquehanna & Western, whloh
pays interest on bonds. In year ending June 30, 1904, gross, $51,060;
net. $12,369 charges $22,261; bal., deflolt, $9,892.— (V 64. p. 664.)
Midland Valley RR.— Owns Hartford, Ark on the Choc Okla.
A Gulf, 1o Muskogee. I. T.. 131 miles, completed May, 1904 Extension
from MusdoKee westerly to Tulsa, I. T., 55 miles, will be completed
in ihe autumn of 1904. V. 78, p. 1658. Also owns about 18,000 acres
of coal lands and controls tonnage from 30,000 additional. See V.
78, p. 702, 1109. Stock outstanding, $3,724,600; par of shares, $50
Bonds are subject to call at 107 >« to and including Jan. , 1910. President, Charles E. Ingersoll; Seoretary and Treasurer, H E. Yarnall.
Offlce, Glrard Trust Bldg., Philadelphia.— (V. 78, p. 702, 1109, 2012.)
Mill Creek 6c Mine Hill Navigation 6c KK.— Mill Creek Jc to
Broad Mtn., Pa., 6-3 miles; branch 3-3; 2d traok 3 8 m.; total traok,
34-6 miles. Leased In 1861 for 999 years to Phila. & Read. RR., lease
assumed In 1896 by Phila. & Read. Railway; rental $63,000 and taxes.
Mlllen 6c Southwestern Ry.— See SUPP.July, '03; V. 79,'p. 1642
Milwaukee 6c Lake Winnebago RR.— (See Wisoonsin Central.)
sur.$6,093
Result, sur
F.
Stocks— Last
Dividend.
Mexican Ry.— Mexican Son ifeeru Ry.—See page 1912.
Michigan Central RR.— (Stu Hap adjoining New Tork Central
$2,567,115 $2,744,297
2,937,276
2,738,204
Balance
def $l,241,438df.$496,403 di.$370,161
Subs'yao'tlnU.S.our See above.
500,000
545,000
Chairman of Board, H. Clay Pierce
g.
6g.
1
filed with the Mexican Government are sriven
below (compare V. 79, p. 266), but are officially stated to be defective. A pamphlet report will be Issued in November, 1904. Report
for 1902 in V. 76, p. 1082, 1140. The gross earnings below are
Mexican currency; all other figures U. S currency. Mexican dollars
averaged 42-10 ots. in 1903,42-16 cts. In 1902 and 47*82 ots. In 1901.
INCOME ACCOUNT— (U. 8. CURRENCY EXCEPT AS INDICATED).
1900.
Tear ending Dee. 31— 1903.
1902.
1901.
Av'ge miles operated
2,621
2.135
2,054
Gross earna.Mex.cur$25,064, 354 $21,132,227 $17,493,673 $17,223,878
Net earns. Mex our.. $6,123,149 5,961,606 $4,986,663 $5,373,683
Do do In U.S. our. 2,577,846 2,513,384 2,384.598 2,628,577
Mlsoel. In U. 8. our.. not reported
279,234
182,517
115,720
$2,577,846 $2,792,618
3,819,284 3,289,021
4
al,039,000
£2,254,720
£2,554,100
£1,011,960
£2,000,000
£1,000,000
£700.000
£590,711
100 cl8,738,000
l.OOO&o 13,000,000
l.OOO&c
2,600,000
1,000
l.OOO&c ^ 4,000,000
1,000
1,500,000
l.OOO&c
700,000
l,000<fec
725,000
1,000
1,800,000
100
2,000,000
100
491,200
1,000
250,000
1,000
421,000
1,000
800.000
100 &o.
150,000
500 &c
250.000
$16,814 ,300 held bv
the calendar year 1903
Net Income
Fixed charges
g.
g.
&
&
&
&
&
&
for '03 Sept. 1
1,000
1896
1896
270
115
152
152
84
39
90 y'rs
bonds without coupons.
do
6
4*2
£10
£10
£10
£10
228
228
C. 1st mort on Grand River Val. RR. Un. . . .o
C. 1st mort. on Kalamazoo
S. Haven. In. .r
C. 1st M. Term. $1,500,000 (V. 64, p. 886).0<fer
Mich. Cent. 1st M. on Jack. Lane. Saginaw, g ,o*«fer
Jack.Lans.A Sag. stock, 3 Hi p.c. y'rly, guar. by end.
Grand River Valley stock, rental in perpetuity. .
Bay City & Bat. C. 1st M., g., gu.p.A i. end.Mp..©*
Bat. C.
Sturgls 1st M., g., gu. p. &i. end.Mp. c*
North. Indiana 1st M., guar. p.&i. (end.).o
Joliet
Middletown Vn.dk W. Gap— IstM., ext.in'86
o*
2d mortgage, int. guar. ext. in 1896 (see text)..o*
a Exclusive of $599,000 held by sinking fund.
M.
M.
M.
1890
321
1st mortgage, $18,000,000, gold
o*&r
M. C. Michigan Air Line, 1st mortgage. n.. o&r
M.C.lst M. on Det. & Bay City ($4,000,000). Un.o
.
A.
A.
5,850,000
1,367,500
5,839,000
4,499,000
$500&o.
500 &c
• ••
Perpetual 6 per cent debenture stock
Mexican So. Ry., Lira.— Ordinary shs., £1,000,000.
1st M. 4% deb. stock; £700,000, red. 110. (Text)
do
$1,000
1,000
•
1st preference stock, 8 per cent
2d preference stock, 6 per cent
4% deb.
1897
1899
1899
1897
1897
1897
pal.When Due.
CO.
Mexican Railway, Limited— Ordinary shares
2d M.
Amount
Par
(no mort.), non-cumulative....
Mexican National—See National RR. OF Mexi
Mex. No.— 1st M., U. 8. gold, s.f. not called Mo. e*<fer
Bonds— Prim t-
INTEREST OR DIVIDENDS.
Size, or
Rate per When Where Payable, and by
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
&o., see notes
Mex. Oent.—( Con.)— Equip. 5s, $50,000 reel y'rly.par
do ($50,000 y'ly Oct.l); red 102*3 beg.'lOOR.c*
Mex. ifinerot-l8tM.,$5uO,000,'g.,red. HO.s.f.ITIo
Hex. Int.— Pi. lien,£l,200,000,red.atpar.rJn.xe*&r
1st con. M., $16,000,000, g., not guar.Mp.xo*<fcr
Do
g., gu. stp., sub. to call 95 to Men., '07.
Income 4% bonds
Date
[Vol. lxxix.
;
,
STOCK.—The
\
capital stock
non-oumulatlve, $4,000,000.
common, $6,000,000; preferred, 5 p. c,
The preferred is entitled to dividends at
Is,
Oct., 1904.
RAILWAY STOCKS AND BONDS.
1823
RAILWAY STOCKS AND BONDS.
1824
RAILROADS.
Far explanation of column headings,
on first page of tables.
Date
Size, or
of
Miles
of
Par
[Vol. lxxix.
6 P.o*
Amount
$1,000
$3,724,600
5 g. J. & J.
25
323,375
10
J. & J.
Milwaukee Lake Shore <t Western See Chicago & NORT h-Wes TERN.
Milwaukee <& Lake Winnebago See Wisconsin Cu STRAL Rt.
Milwaukee <6 Northern See Chicago Milwaukee & St. Pa ul.
52
Mine Hill <t Schuylkill Hav. Stock (6 p. ct. rental)
50
4,210,200
5^2
J & J.
Mineral Range Cons, mort., text, g.,red. at 105 c
66 1891 500 &c.
593,000 4 g.-5 g. J. & J.
66 1901 lOO.Oi
mortgage, int. guar, by Can. Paolflc F
General
1,000,000
4 g. J. & J.
20 1891
1,000
325,000
Hanoook & Cal., oons.,M. g., red. at 105, ass'd...
5g. J. & J.
100 c6,000,000 See text. J. & J.
Minneapolis & St. Louis Common stook.Ce
100 d4,000,000 5 In 1904 J. & J.
Prel. stock (V. 70, p. 1150), 5 p. c, Don-oum.Ce..
27 1877
o*
1,000
455,000
1st M., Minn, to Merriam Jnuc, gold.FP
7 g. J. & J.
81 1877 500 <fee.
IstM., Merriam Junction to Albert Lea.gold.F.c*
950,000
7g. J. & D.
1,000
1,015,000
Iowa ext. 1st M., g.(Al. Lea to Ft. Dodge)g.Ce.o* 102 1879
7 g. J. & D.
53 1880
1,000
636,000
Mort.on Southw. exten., g. ($12,000 p. m.)Ce..c*
7g. J. & D.
92 1881
o*
1,000
1.382,000
Pacific extension 1st mortgage, gold.Ce
6g. A. & O.
- - .
1894
1,000
5,282,000
First consolidated M., $5,282,000, gold.Ce. c**r
5g. M. & N.
632 1899
1,000 b9.659.000
1st & ref ., M., $25,000,000, g. ($18,000 p. m.).€«
4 k. M. & 8.
100 14,000,000 4 in 1904 A. & O.
hB
Mxnn. St. P <£ S. Sle. M.—Com. stock, $14,000,000
100
Preferred stock, 7 per cent, non-cum
7,000,000 7 in 1904 A. & O.
1,000
8,209.000 4 g. & 5 J. & J.
Minn. Sault Ste. Marie & Atlantio 1st M.g.Ce. .c" 495 1886
mortgage .tie
c 286 1886 1,000
335,000
Minneapolis & Pacific. 1st
4 (5) J. & J.
1,000
gold, int. guar, (end.)— See text.Ce.c" 1,640 1888
29,055,000
Consol. M.,
4 g. J. & J.
1,640 1899
1,000
3,500,000
M., $5,000,000, gold. int. guar.. « e
2d
4g. J. & J.
1886
1,000
1,439,000
4&5 F. & A.
Minnesota Transfer— let mort.— ($535,000 are 4s>c
50 1902
1,000
140,000
Minn. <6 No. Wisconsin— 1st mcrt., $200,000, g..o*
5 g. J. & J
22 1902
1,000
220,000
Mississippi Arkansas & Western— 1st M., gold. AC.
5 g. J. & J.
1904
1,000
1,100.000
Miss. Oeut.— lstM.,$5,000 OOO.gred.text.t ol.C Ar
5 g. M. & N.
768,000
Mo <t Id Br.&BeltSt C M &St L Belt-lstM reCg.o" .... 1901 1,000
4g. J. & J.
...
100 76,300,300
Mo. K.&.Tex.— Si'k ($13,000,000,4% non cum pf.) ....
1,601 1890 500 <fec. 40,000,000
4 g. J. & D.
1st mortgage, gold, Ce
1,601 1890 500 Ac. 20,000,000
4 g. F. & A.
2d mortgage gold.IHe
c$174,10 0.
1*$2, 009,000.
d$ 39,600.
a Of which held in treasury red. June 30, 1904,
Mid. Val.—lBt M., $20,000 p. m.
Mill Oreek <6 Mine Hill Nav. <k
—
—
,
g. , red. , text,
RR.— Stock
—
1901
186
—
—
,
.
5 per cent, and then common. to 5 per cent, then both share pro rata.
Dividends (p.o.) ) 1896. 1897. 1898. 1899. 1900. '01. '02. '03. 1904.
5
4*8
3
5
5
5 5
>
3
Preferred
3*fl
None.
2^2
5 5
Common
J
In July, 1904, dividend on common was passed. V. 78, p. 2442.
Bonds, Etc.—Bonds issued under the mortgage due June, 1927, num
bered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids & Northern RR.
As to first consol. mortgage see abstract V. 59, p. 1145. The re
funding mortgage of 1899 Umlt6 the first consols to $5,282 000.
First refunding mortgage of 1899 is for $25,000,000. of which
$10,000,000 reserved to retire underlying bonds and $5, 341,000 for
future extensions, Improvements, etc., under severe restrictions. The
mortgage is a first lien on 283 miles of road, etc., and a blanket lien on
rest of property. V. 68, p. 187. 332. See application to list, V. 69, p. 32.
The $3,072,000 Des MoIdbs & Fort Dodge 4 per cent bonds, dated
JaD. 1, 1905. which have been sold, are guaranteed, principal and inV. 79, p. 1704.
terest.
Gross, $500,660; net, $188,912
Earnings— 2 mos., ) 1904
Gross, 511,285; net, 199,692
July 1 to Aug. 31. > 1903..
1^4
Annual Report.— Annual meeting 1st Tuesday in Oct.
1903 04 was in Chronicle of Oct. 29, 904.
1803-04.
190203.
Tear Ending June 30.
642
642
Average miles operated
$901,939
825,830
Passengers
Report for
)
1901-02.
642
$876,486
2,224,520
2,526,763
$1,878,058
Freight
137,591
146,677
139,013
Mail, express, &o
$2,850,^65 $3,265,472 $3,540,840
Gross earnings
$l,lt 0.473 $1,237,530 $1,446,120
Net over taxes.
185.036
275,248
217,415
Other income
$1,435,721 $1,454,945 $1,631,156
Total net income
886,980
886,980
1,081.598
Interest paid
47.451
56.050
56,045
Rentals, etc.
(5)200,000 (5)200.000 (5)200.000
Dividend on pref stook
(2isil50,000
(5(300.000 (5)300.000
Dividend on oommon stook
def.*51,922
$11,915
$196,725
Bal. surplus for year
Officers.— Pres., Edwin Hawley. New York; Vioe-Pres., L. F. Day;
Sec., Joseph Gaskell. Minneapolis: Treas ,F. U Davis, 25 Broad St, NY.
Directors— E.Hawiey, IJ. «,. Huntington, E. Langdon, V. B. Palmer, K. H. Davis
John K. Searles, New York; 1,. C. Weir, New York; George Crocker, New York.
,
L. K. Day, Minneapolis.
—(V. 77, p. 2336; V. 78. p. 2235, 2442; V. 79, p. 269, 1462, 1701 )
lYIlnneapolls St. Paul A Sault Ste. ITIarle By.- Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North
Dak., at the International boundary line there connecting with the
Canadian Pacific, 1,039 miles; branches, Hankinson, No. Dak., to Bismarck, 214 miles; Wlshefe, North Dak., to Pollock 70 mll«s; other
branches. -84 miles; spurs, 23 miles; total July 1904, 1.630 miles;
also trackage in Minneapolis, St. Paul and Sault Ste Marie 19 miles.
In Oct., 19)4, extension was building from Glenwood, Minn., north to
WinDlp»g, 330 miles of whiob 129 miles were operated. V. 77, p. 765.
Tn May, 1904, the Bismarck Washburn & Gr at Falls Ry., Bismarck 10
Underwood, N. D, too miU 8, was acquiied. V.78,p 1962; V. 79, p. 103
History.— A consolidation In 1888 of Minn. Sault Ste. Marie & At.,
Minn. <fe Pao., etc. (See V 46, pp. 538, 609; V. 77, p. 628
Stuck.— Canadian Pacific on July 1, 1904, owned $7,066,600 oommon and $3,533,400 preferred. Preferred stook has a prior right
to 7 p. o. (non oumr, then common to 7 p. 0.: then share pro rata. V.
75, p. 519. Car trusts $93,765; due. $13,395 semi an., 1904-07.
Dividends. On preferred, 7 p. 0. at d on common 2 p c, both paid
Oct. 15, 1903, from earnings of calendar year 1902; in 1904, 4 p. o. on
common and 7 p. 0. on pref (paid A. & O.).— See V. 79, p. 1327.
Bonds.—Can. Pao. guarantees by endorsement 4 per cent Interest on
(See
all the bonds assenting to a reduction of interest to 4 per cent.
V. 50, p. 784; V. 51, p. 239. About one half the Mum. <fe Pao. bonds
and practically all of the other issues assented.
Abstract of Hinneapolis Sault Sle Marie d A tlantic mortgage In V. 45,
p. 243. The consol. mortgage of 1888 (trustee, Central Trust Co., mort
gage abstract Chronicle, v. 47, p. 142), was for $21,000,000 on 800
miles (sullicient of this reserved to retire prior bonds) and for $20,000
)
per mile on
As
to
2d
all
additions.
V. 73,
p.
185; V. 78,
p.
820: V. 79, p. 1332.
4s, see V. 68, p. 669, 771, 977; V. 71, p. 645.
Latest Earns.— 2 mos.
Gross, $1,251,05"'; net, $569,440
) 1904
Gross, 1,193,292; net, 569,566
5 1903
July 1 to Aug. 31.
Report.— Report for year ending June 30,1904, was in V 79, p. 1327.
Gross.
*et.
Int., taxes, etc. Equip., etc. Bal., sur.
Tear.
1903-04. ..$6,993,498 $3,246,718 $1,859,472 $250.0u0 $1,137,2 16
3,517,342
1.852,844
200.0
1,464,498
1902-03.. 7.237,264
Dlvlrenls of 7 p. c on pref. call for $484,687 yearly and of 4 p. c.
on common $554,01 2 yearly. -(V. 79, p. 1266, 132 7,1332.)
Minnesota North U'ImcounIh Kit.— See page 1912.
ITIIiiiieHota Transfer By.- Union road, owning 11-67 miles, extending from Junction with Chic Mil. & St. Paul at Merriam Park to
Fridley (with stock yards, etc.); side traoks 5070 miles; total 62-37
Stook, $70,000, equally owned by:
miles.— (V 67, p. 956)
Chicago Milwaukee 4 St. Paul, Northern 1'acltlc, Chicago 8t. Paul Minn. &
Omaha. Mlnnwpolll & St. Louis, Wisconsin Central, Chicago Burlington &
Quincy. Great North.. Chic. Great Western, Minn. St. Paul & Sault Ste. Marie, and
Chic. Kock Island & Pac.
A
Offlce,
Philadelphia
Philadelphia.
—
—
Bonus— fiim.1-
INTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
Dividend.
&o., see notes
Phila., Office,
1,
119 S. 4th. July 15,
New York, 44 Wall St.
All owned by Can. Pao.
New York, 44 Wall St.
N. Y. Central Tr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Minn.offloe; chks mailed
do
do
N.Y., B'k of Montreal,
do
do
do
do
do
do
lstN.B'k,8t.Paul,Minn.
Minn. L. & Tr., Minn.
Am.Tr. & Sav.Bk.,Chlc
New York.
N. Y. Offlce, 49 Wall
do
Jan.
1954
July, 1904,
St.
do
Jan.
Jan.
Jan.
1,
1,
1,
5%
3
'04,
1931
1951
1931
Jan
15,'04,2i«
Julyl5,'04,2ifl
Jan.
June
June
Deo.
Apr.
Nov.
Mch.
1,
1,
1,
1,
1,
1,
1.
1907
1927
1909
1910
1921
1934
1949
Oct.15,'04, 2%
Oct.15,'04, 3i«
Jan. 1, 19i56
1, 1936
1, 1938
1, 1949
Aug. 1, 1916
Jan. 1, '05-'08
Jan. 1, 1922
1, 1931
Jan. 1, 1951
Jan.
July
Jan.
May
June
June
1,
1,
1990
1990
Additional bonds can be Issued for property and Improvements as
Principal only is payable in gold. Mortgage trustee. NorthSt. Paul. Minn.— (V. 66, p. 1238; V. 67. p. 956.)
misslsslppi Arkansas A Wcsleru Ry.— Owns from a point
In Drew County, Ark., to Gaines Landing on the Mississippi River In
Chloot County. Ark., 22 miles. Stock authorized $220,000. President,
Geo
Martin, Fort Dearborn Building, Chicago, 111. (V. 75, p. 442.)
Owns Hattlesburg, Miss., to Silver
Mississippi Central
Creek. 55 miles. Bonds are subject to call on or after May 1, 1905, at
required.
western Trust Co..
H
RR.—
10i
(if
less
than
President, F.
Scranton,
all to
u
be drawn by
lot).
V. 79, p. 152.
Peck; Sec and Treas., C. P. Davidson, both of
Pa— (V. 79, p. 152.)
A Illinois Bridge A
Missouri
Belt
RR.— Has bridge 2,100
feet long across the Mississippi River at Alton, 111.; ali-o 2 miles of
road,
-wned by 10 of the 14 proprietary roads of the Terminal RR.
&
Association of St. Louis, viz.: Cleveland Cincinnati Chicago
St.
Louis, Louisville
Nashville, St. Louis Iron Mountain
Southern,
Baltimore
Ohio, Missouri Pacific. Wabash, Chioago Rock Island &
Pacific, St. Louis
San Franoisoo, Missouri Kansas & rexas and St.
Louis Vandalia & Terre Haute (Penn. RR system). Inc "p >r it d >n
Aug.. 1904, as successor of the St. Clair Madison & St. Louis Beit RR
President, J. Ramsey Jr.
V. 79, p. 1642, 681. Stock, $2,500,000.
Vice-President, A. J. Davidson; Treasurer, F. H. Hamilton; Secretary
E. D. Taylor.-(V. 79, p. 681, 1642
&
&
&
&
A
Texas Ry.—Road.— Operates a line with
Missouri Kansas
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly across the Indian Territory and the Texas ootton belt to
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with branches. (fl See this oompany.)
Miles.
Operated not owned.
Miles.
Road owned.
Wichita Falls Ry
Missouri Kan. & Tex. Ry.—
18
Denlson & Washita Val. Ry.
St. Louis to Red River, Tex 629
20
(V. 76, p. 1249)
Hannibal to Franklin Jo... 104
24
Denison Bonham & N. Or.RR.
Branoht-sto Paolaand Par10
Kan.; Oklahoma
Dal. Cleb. & Southwestern...
sons,
4
Dewey, I. T., to Bartinsvllle.
City and GutLrie, O. T.,
2
Austin, Tex., terminals
and Wybark and Coal901
Operated jointly.
eate, I.T
24
St. Louis to Texas Junction..
Mo. Kan. & T. Ry. of Tex.—
43
Red River to Houston, Tex. 548 Kansas City to Paola
71
112 Whitesboro to Ft. Worth
Denisonto Henrietta
7
476 Iola to Piqua, Kansas
Other branohes
—
Galveston Hous.
Total
owned
<fe
Hend
H50
2,770
Total oper. June 30, 19C4. 3,043
Ry., Denlson to Bonham, Tex.,
24 miles, has been operated under a ten-year contraot since Dec, 1901.
The Dallas ( ieburne & Southwestern Ry., Cleburne, Tex , to Egan, 10
m. (to be extended to Dallas, Tex., 27 miles), is leased. V. 76, p. 48
Exten., Georgetown to Austin, Tex., 30 m., couupl-ted June, 1904,
Organization, &c— Reorg. in 1890, without foreclosure. V.49,p. 719
The $12,890,000 stock of the "M. K. & T. Railway Co. of Texas'
Is deposited with Central Trust Co. as trustee for ihe M. K. <& T. security liolders. (V. 54. p. 1047; V. 55, p. 298.) M. K. & Eastern was
merged In 1897, K. 0. & Pac. in 1899 and Sher. 8h. <fe So. in 1901.
The Missouri Kansas & Oklahoma RR. and Texas & Oklahoma RR.,
absorbed in )904, built from Stevens, I. T.. near Cotleeville, Kan., to.
Oklahoma City and Guthrie, with branch to *vybark, 277 miles, and
from (oalgate, I. T., to Oklahoma City, 117 miles. See below. V. 74.
p. 1038, 1140; V. 75, p. 608, 1086; V. 76. p. 480. 1249; V. 78, p. 2012.
Land Grant.— Land grant in Indian Territory 3,110,400 acres, sub
Jeot to Indian title. For status in 1904, see V. 79, p. 90 f, 1281; compare V. 67. p. 222 V. 65, p. 542, 594. V. 55, p. 937; V. 61, p. 1155;
V. 77, p. 2339.1
Stock —Common lnoreased in 1904 by $7,200,000 to $63,300,300.
Bonds.— M. K. &. T. 1st and 2d mortgages of 1890 [abstracts in V.
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
Houston, Tex., 941 miles [except 71 miles of trackage] and sundry
branohes, the total mileage mortgaged being 1,601 miles. Including the
Sherman Shreveport & So., but see below. These mortgages also oover
the right to the land grant in the Indian Territory.
The Missouri Kansas 16 Eastern bonds originally guaranteed were
assumed In June, 1896, the road forming the St. Louis extension from
Franklin, Mo., to Texas Junction, Mo.. 162 miles. 8ee V. 63, p. 30.
Of the St. Louis division 1st refunding bonds; $4,666,000 were reerved for the retirement of both issues, the balance being for extensions and improvements on the division. V. 72, p. 1034; V. 75, p. 608.
The Sherman Shreveport <6 Southern mortgage is for $6,000,000 at
$20,000 per mile; issued, $3,689,000, of which $2,000,000 pledged
under M. K. &T. mort. of 1890. The bonds, formerly guaranteed, wera
assumed upon consolidation in May, 1901 V. 72, p. 1034. 1115.
The Missouri Kansas <fe Oklahoma and Texas A Oklanoma bonds
issued at #20,000 per mile, originally guaranteed, have heen assumedV. 74, p. 1038; V. 75, p. 185, 7W3; V. 77, p. 252; V 78, p 48; V. 79 p.
968. In Jan., 1904, M. K. & O. first extension mortgage was filed to
provide for future extensions, etc.. none of the bonds 10 he Issued immediately except $337,000. V. 78, p. 34 3
In Aug 1904, the stockholders authorized a first and refunding
mortgage to seome an issue or *40,00J 000 bonds, of which about
$13,000,000 to be reserved to retire divisional mortgages at or before
The Denison Bonham
& New Orleans
'
;
,
—
.
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.
j
RAILROADS.
Miles
Date
Size, or
of
Pur
For explanation of column headings, Ac, see notes of
Road. Bonds Value.
on first page of tables.
163
Jfo.K".<erex.(Oon.)-l8t£xtM.,g.$20,OOOp.m.Oe.o,
$6,000.000. F...C*
St. Louis Dlv., 1st, ref'g
Mo. K. A East. 1st M., $4,000,000 g., assuin.Co.
2d mortgHge, guaranteed, being retired
Sh. Sh. A So. )stM., $20,000 p. m., g., assu.Ce.o
Kan. City A Pacific 1st M., gold, assumed. Ce...o
M. K. AOk. 1st M ,$20,000 p.m., g., assum.Oe o*
Tex. & Okla. 1st M., $2,347,000, g assume e..C
M. K. & O. 1st ext. M., k., assum.Oe see text
1st and ref. M., $40,000,000, g. See text F
Equipment bonds, due $67,000 semi-annually..
t;*;.-. ( wallas* Waoo 1st M.,$20,O00p.ni. g.Ce.C
P<5t3
M.K.AT. of Tex. 1st M.,$20,000p.m.<e.c.«
Si Boonville Branch, 1st M., gold, s. f .Tec*
O-SS [$. w. C. A Imp. 1st M. s. f., call at 125.*
Missouri Pacific— Stock ($100,000,000 auth.)...
Pac. RR. of Mo. 1st M., extend. In 1888, gold.TO*2d mort. ext. In 1891 in gold, St. L. to K. Co*
1st M., St. Louis real estate, ext. in 1892, gold
1st M. Carondelet Br., g., gu. p.A i.(end.)ext.'93
3d M. (cover'gall prope.of Pacific RR. of Mo.R'e
M
,
162
162
202
130
277
117
,
....
....
.-
-
67
225
I
....
....
....
283
283
....
13
296
55
Mo. Paciflo 1st M., Lexington to Sedalia, Mo, gold
Consolidated mortgage, $30,000,000, gold...o' 1,076
1,120
lstcollat. mort.
bonds for $10,000,000
g.Mc.o*
A Caney
Val. 1st M.,g., gu. (V. 70, p. 1095).o*
Verdigris Val. Independence & W. 1st M.,g.,guar.
K.C.& N.W.,lst M.pf."A"g.,int.rent.,red 105,IWe
Equip. Ass'n obligat'ns, $203,000 pay Sept.l y'ly
do
do
Ser. B.,g.,$97.0o0 due Mar. 1 yearly
do
do
Ser.C.g, $282,000 June 1 y'rlj.Itte
8er. D, g., $25,000 Dec. 1 yearlv...
do do
Ler.
671
52
81
...
....
....
1894
1901
1892
1892
1893
1890
1902
1903
1901
1904
1904
1890
1892
1901
1889
. - .
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
i.ooo
1.000
l.OOO
1,000
1,000
1,000
100
.
1868
1.000
1871
1,000
1872 500 Ac.
1873
500
1876
1,000
1880 500Ao.
1880
1,000
1887
1,000
1890
1,000
1904
1886
1,000
1886
1,000
1894 500 Ac
1902
1,000
1K03
1,00
1903
1,000
1903
1,000
&
Missouri Kansas Texas By.- (Concluded.)
maturity, the balance f or future purposes.— V. 79, p. 968, 1281, 1332.
Guaranties.—The Boonville Bridge 4s are guaranteed, principal and
interest, and also as to sinking fund beginning 1911. V. 73, p. 494.
The M. K. <£ T. in Texas mortgage seourts $10,000,000 of bonds at
$20,000 per mile for extensions in Texas. They are guaranteed principal and interest. See above, and guaranty V. 56, p. 604.
The Southwestern Coal <£ Improvement Oo.'s bonds are guaranteed
Mortgage ($1,000,000) covers the coal on 51,000 acres in Indian Ter
ritory, and the company also owns 2,350 acres additional, the Deni
son A Washita Ry., 20 miles, mines In active operation, etc.
Equipment Notes.—On June 30, 1904, these aggregated $3,377,896,
payable part yearly till 1910. V. 75, p. 608. In Mar., 1904, $938,000
equipment bonds were issued. V. 78, p. 1392.
Latest Earnings.— 2 months ending Aug. 31:
Gross.
Net.
Charges.
Sur. or def.
2 months.
$765,587
$701,632 sur. $63,9.=>5
1904
$2,919,249
644,406 def. 45,569
2,765,665
598,836
1903
Annual Report.— Annual meeting first Thursday after first Monday
In April. Report 1 903-04, at length, was given in V. 79, p. 1263, 1280.
1903.
1902.
1901.
Tear end. June 30.— 1904.
Aver.miles operated.
2,884
2,601
2,500
2,265
Passenger earnings. $3,802,202 $3,160,455 $3,040,842 $2,658,245
Freight
13,102,910 13,256,900 12,632,692 12,097,618
861,484
790,838
717,865
647,220
Mail, express, etc.
Gross earnings. ...$17,766,595 $17,208,193 $16,391,399 $15,403,083
Ope. exp. and taxes. 12,997,710 12,449,083 11,871,564 11,134,147
Netearn.,incoth.inH $5,085,608
4,858,675 $4,553,648 $4,307,073
Interest on bonds..
3,3)6,172
3,291,396
3,226,844 3,118,015
467,363
Rentals., Ac
703 068]
417,865
389,142
Balance, sur
$1,066,368 $1,099,916
$908,939
$799,916
H$3 16,723 in 1904,$99,565 In 1903, $33,813 in 1902, $38,137 in!1901.
Officers.— President, Frederick Norton Finney, Milwaukee; VicePres., iColgate Hoyt; Vloe-Pres. and Gen Manager, A. A. Allen, St.
Louis, Mo.; Vice-Pres. and Treas C. G. Hedge, New York; Secretary,
8. Halline, 49 Wall St.
Directors— Henry C. Rouse, Colgate Hoyt, Henry W. Poor, Joel F. Freeman,
Chas. G. Heiige, James Brown Potter and Herbert L. Satterlee, New York;
Myron T. Herrlck, Cleveland, O.; F.N.Finney Milwaukee, Wis.; A. A. Allen
and Jarnes Hagermni), St Louis, Mo.; B. P. McDonald, Alfred J. Poor and
T. N. Sedgwick, of Ka sas; H. J. De Marez Oyene, Amsterdam, Holland.
.
,
Joseph
t rice,
London. England.— (V. 79,
p.
1363. 13S0,
1338, 1463.).
Missouri Pacific Ry.— (See Map.)— Operates an Important
sys-
tem extending westerly and southwesterly from St. Louis, Mo., including main lines from St. Louis to Omaha, Neb., 495 miles, and from
Kansas City to Denver, Col., 758 miles, with many branches in Kan
sas, etc Through the St. Louis Iron Mt. A Southern.which it ooncrols,
connection is had with Texas and the lines of the Texas A Pacific,
International A Great Northern and the St. Louie Southwestern, the
whole forming what is known as the " Gould System," (see V. 60, p.
83.) The Mo. Pac property includes
Lines owned and controlled. Miles.
Leased lines, etc— ( Con.)
Mil *
8t. Louis to Omaha
495 Other lines
25
Other main line
847 Trackage to St. Joseph, eto
35
Branches owned
2,046
Leased lines, etc.
Boonville St. L. A Southern... 44 Tot. Mo. Pao.andbr'nchiines.3,492
Also owns all capital stock of Central Branch Union Pac, etc., 388 m.,
8t. Louis Iron Mountain A Southern and leased lines, 2.232 miles.
Grand total Missouri Pacific mileage.June 1, 1904, 6,112 miles.
Early in 1901 a large interest was acquired in the Denver & Rio
Grande RR. and so in the Rio Grande Western Ry, extending the
system as fa' west as Ogden, Utah. The Gould and Rockefeller holdings in the Denver A Rio Grande are together understood to constitute
a large majority of entire capital stock. See also "General Finances."
Organization, Leases, Ac—The Paoiflc RR. of Missouri was sold ix,
foreclosure September 6, 1876. The present company was a consolidation in August, 1880, embracing the Missouri Pacific and minor roadControl of the International A Great Northern was secured In 1892
and of Central Br U P. In 1898-99. See V. 68, p. 329, 520. As to
Texas A Pac and Wabash, see "General Finances" below.
Stock.— In July.l 901 the authorized capital stock was increased from
.570,000,000 to $100,000,000. The amount outstanding on Deo. 31,
1900, was $50,432,150; this was increased to $76,402,875 in
1901 by the conversion of $11,218,000 collateral trust bonds and
by issue of $2,983,500 for purchase of entire stock, and #2,983.500"B"
bonds of K. O. Northwestern, and by further issue of #14,422,000
partly at par to stockholders] to purchase $14,800,000 common and
'7,300.000 preferred stock of Denver A Rio Grande and for other purposes; in 1902 $1,400,000 was sold to pay for new construction, 56
miles. V. 72, p. 1188, 1238, 1280; V. 73, p. 185, 1356; V. 75, p. 549.
1
,
Divs.— )'82 '83 to '87 '88 '89 '90 '91 '92 to '00 '01 '02 '03
Per cent. J 6^ 7 yearly. 5*4 4
4
3
None
2^55
1904
5
July, 1901, to July, 1904,'Jboth incl., 5 p. 0. yearly (J.
J.)
Bonds— The consolidated mortgage Is for $30.000,000— trustees John
F. Dillon and Edward D. Adams— the balance unissued Is in trust to
redeem prior bonds due if deemed best. Abstract in V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New
From
&
Amount
Outstanding
182; >
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Cent.
5
4
$3,254,000
1,881,000
4,000,000
89,000
1,689,000
2,500.000
5.468,000
2,347,000
337,000
See text.
5
5
5
4
5
5
5
4
871.0'
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
41s
A.
A.
A.
J.
F.
M.
M.
N. N. Y. office, 49
& O
A O.
A 0.
A D
A A
& N.
&
&
M. &
J.
•1,505,000
1,000,000
8
S.
gg.
6
968,000
77,802,875 5 in 1904
4 g.
7,000,000
5 g.
2,573,000
5 g.
800,000
4ifl g.
237,500
7
3,828,000
5 g.
650,000
6g.
14,904,000
5 g.
14,376,000
5 g.
9.636,000
5 g.
6 0( 0.0C0
520.000
5 g5 g.
806.000
5 g.
1,026,000
5g.
1,621,000
776,000
5 g.
5 g.
2,538,000
5 g.
250,000
J.
J.
A
A
J
J.
A A
J. A J.
M. A N.
A. A O
M. A N
F.
F.
A A
M.
M.
A
A
A
F.
F.
N.
8.
A.
& A
M.
A
A
J.
A
J.
J.
8.
J.
Q-M.
Q.- M.
Q-M
M.
(4-
do
do
do
do
do
do
do
do
J.
M. <s N.
M. A h.
5
4g. M. & N
5
1,340,000
pal, When
by
Whom.
Payable
M. A
Bonds— Princi-
Wall
do
do
do
do
do
do
do
do
St,
office, 49 Wall St.
do
do
do
do
do
do
do
do
N. Y., 195 Broadway.
N. Y., Mercantile Tr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y.
.
Dae.
Stocks— Last
Dividend.
1944
2001
1942
1942
June 1, 1943
Aug. 1, 1990
May 1, 1942
Sept. 1, 1943
Jan. 1. 1954
2004
Nov.
Apr.
Apr.
Apr.
1,
1,
1,
1,
M'r.'05.Mr.'ll
Nov.
Sept.
1,
1,
Nov.
July
1,
1,
1»40
1942
1951
1929
July20.'04,2»«
Aug.
July
May
Oct.
Nov.
AUK.
Nov.
Jan.
Aug.
1,
1,
1,
1,
1,
1,
1,
1,
1,
Feb. 10,
July
Men.
Jan.
1,
1,
1.
1938
1938
1938
1938
1906
1920
1?(20
1917
1920
1906
1926
19?6
1933
Sept.,1905'12
ToMar.1,1912
To June, 1913
To Dec, 1913
York, trustee) are secured by mortgage bonds of new roads at $J^ 000
or $15,000 per mile; these embracing the line from Fort Scott, Kan.
to Pueblo. Col etc. For securities pledged, etc., see V. 46 .p. 678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
In Feb., 1904, #6,000.000 of two-year 5 per cent collateral trust
notes ($5,000 each), due Feb 10, 1906, were sold; Equitable Trust
Co. of New York, trustee. V. 78, p. 584.
General Finances.— In Feb., 1904, $23,668,000 of the $24,983,093
S
,
A
Paciflo 2ds had been exchanged for 65 percent in a new St.
M. bond. (V. 68, p. 283, 619, 725, 774.) In 1903 the Mo. Pac
acquired $2,000,00 ) Wabash RR. preferred stock and the St. Louis &
Iron Mt. $6,500,000 additional, the latter also owning $5,435,000 of
the debenture B bonds, making the entire voting interest held $13,935,000 out of a total of #82,000,000 stock and voting debentures. V.
78, p. 1109. Syndicates In which the Goulds are largely interested
have purchased the Western Maryland and West Va. Cent. & Pitts,
(see those companies), and have completed a line connecting the
Wabash with Pittsburgh and are building easterly to a connection with
the Western Mar> land and tidewater at Baltimore. The Gould interests are also connected with the Western Paoiflc Ry., building
between Salt Lake City and San Francisco. V 79, p. 1023.
Earnings— 8 months, ) 1904 ...Gross, $27,795,230; net, $7,176,241
Jan. 1 to Aug. 31.
51903 ...Gross, 27,744,9t2; net, 8,851,297
Annual Report.— Fiscal year ends Deo. 31. Annual meeting is held
at St. Louis inMaroh. Report for 1903 was in V. 78, p. 110>, 1115;
see editorial, p.»1082. Earnings >f Missouri Paoiflo system have been
as below. "Other income" in 1903 includes: Interest on Tex. & Pac
2d mort. lnoomes, $i,113,800; Pacific Express Co., $180,000; Denver
A Rio Grande RR., $365,000; coal companies, $6»7,415, eto.
Year ending Dec. 31.
U03.
1902.
1901.
Miles operated
5,846
5,613
5,570
Total earnings
$43,095,768
$37,495,688
$36,661,093Net earnings
13.680,765
12,452,497
13,045,579
Other income, Ac
3,776,965
2,422,139
2,473,431
Texas
L.
A
I.
Total net income
$17,457,730
$7,107,352
$14,874,636
$15,519,010
$6,64^,672
$6,615,889
1.22=>,240
Taxes
1,123,374
1,082,916
undry accounts
56o,968
1,53«,645
341,683
Dividends
(5%)3,890,115 (5%)3,855,110 (5%)3,563,S02
Balance, surplus
3,696,378
2,689,512
3,914,720
Officers.— President, George J. Gould; Secretary and Treasurer, AH Calef, 195 Broadway, New York.
Directors.— George J Gould. Russell Sage, Edwin Gould, Samuel Sloan, James
H. Hyde, John D. Rockefeller Jr Howard Gould, E. Parmelee Prentioe, Kred.
Interest
and rentals
,
T. Gates and Frai k J. Gould,
Blxby, St. Louis, Mo.— (V. :9.
New
York; C. G. Warner, Russell Harding,
W, K.
p. 786. 1023.)
Missouri Pacific System— St. Louis Iron Mountain <3k
southern fly.— (See Map.)— Owns St. Louis to Texarkana, Tex. Line.
490 m.; aranohes to Belmont.Mo., Bird's Pt., Mo. (Cairo), Camden, Ark,,
Selena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark., Memohis, Tenn., Ac; Houston Central Arkansas A Northern Railway, MoGehee, Ark., to Alexandria. La., 191 miles; White River branch,
Illinois Division, Memphis Helena A Louisiana, East A West ill. Ry.,
1,154 miles; total owned June 1, 1904, 1,835 miles. Leases Little
Rock A Fort Smith and Little Rook Junction rallroadp, 175 miles;
Kansas A Arkansas Valley RR.. 171 miles; St. Louis Southw. Ry., 51
miles Total operated June 1. 1904 2,234 miles.
Holders of $23,668,000 of the $24,983,093 Texas A Paciflo seconds have exchanged their bonds for 65 per cent in i.ew Iron
Mtn. gold 4s bearing interest from July 1, 1899. See Bonds below,
520, 572, 619, 725, 774.
short route from St.
Louis
to
New Orleans Is
proposed via the w-st side of the river, and a connection
with the Texas
Paoiflo at Clayton, La
and a diagonal line
from the last-named line to a connection with the Mo. Pac at Carthage, Mo., completing a 480-mile low grade line from Kansas City to
Memphis. Of these lines. West Mem >his to Clayton, La,., 278 miles,
is under construction, and Bates ville. Ark., to Carthage, Mo., 2=>4
miles, 96 miles of the latter beiog completed. V. 76, p. 543, 600, 1031.
Stock.— Stock was $25,788,435, of which $25,733." 00 Jan. 1,1904,
was owned by Missouri Paciflo— mostly acquired in 1881. Authorized
limit lnoreased In 1903 to $ La 0,000,000. See below. V. 69. p. 27.
DiviDEND-In 1899 2 p. c; 1900, 6; 1901, 6; 1902, 10; 1903, 10.
Bonds.— General consoL mort. is for $45,000,000, Nos. 11,001 to 18,000 inclusive are endorsed with the Missouri Paoitio's guaranty of principal and interest form of guaranty was in V. 56, p. 650: thev are a first
lien on 1 ,538 miles. (V. 68, p. 85, 233, 520; V. 78, p. 704, 1224.)
The gold 4s of 1899 (first issue $30,000,000) may be lnoreased
not over $10,000,000, at $12,000 per mile, for construction or
acquisition and equipment of branches and extensions.
They are
secured by a lien (sub Ject only to the general consols on all the railroads, terminals and equipment of the company, and also a first and
only lien on all stocks and bonds now embraced In the trust of the
gold funding note indenture upon satisfaction thereof, all leased and
branch lines, or their bonds and stocks acquired by the loan, and all
Texas &< Pacific seconds acquired, and all future extensions and
branches constructed or acquired.
Of the $30,000 000 at present authorized $10,250,000 were Issuable to retire the entire
issue of Texas & Paciflo seconds, and $12,114,000 to retire at once
$3,952,000 gold funding notes and $3,412,000 Kansas A Arkansas
also V. 68, p. 329, 380, 474,
A new
&
;
,
1826
RAILWAY STOCKS AND BONDS.
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,.
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BAY
ail
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1400 ACRES
SHALLOWS
E^KOP^
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J.
&
K, C. R. R.
&!$**
..S
»
IVI0B
" E,
PIEF
JACKS0N
&
KANSAS CITYB.R.
TERMINAL PROPERTY
AT MOBILE.
MOBILE, JACKSON
© KANSAS CITY R. R.
AND CONNECTIONS.
S>
RAILWAY STOCKS AND BONDS.
1828
RAILROADS.
&o., see notes
Louis Iron Mountain <£ Southern— {Missouri P
o*
Geu. oonsol. * 1. gr. M. ($45,000,000) g.me
Do
do
gold, stamped, guar. p. <fe l..o*
0*
Unifying & ref. M., gold, $40,000.0<>O.JTI p
Div'ns 1st M., $50,000,000, g.JTIe.c*&r
River
Car trusts Oct , 1904. due June, nept. & oec., yrly
Car trusts, ser.N. $307,000 or $308,000 Sep y'riy
Baring Cross Bridge Co., 1st M., gold, red.to6p.o.
Little Rock & Ft. Smith 1st M..land gr. sink.fund..
Iiittla Rock June. lstM.,gu. p.&i.by Ir. Mt.Me.o*
Pine Bl'ff&West.lstM., gu. p & 1., red. lOyrs. 105
SI.
&Q
ilobile
<t
birmmgh. KK.—Pref. stock
($900,000)....
o
Prior lien, gold, $60O,0OO.Ce
Me.o
1st M., $1,200,000...
Mob. Jack. A K. O.— 1st con. M., $4,000,000, g.Ce.c*
Glf.&C lstM.,$5 000.000,g..gu.ret. 110.< ol.c*
Mobile <t Ohio— 1st M., Mob. to Col. (prin. gold).F.o*
1st M., exten.,Colum. to Cairo & branch, gold. K. c
General mort. for $10,500,000, (now gold) s.f.Fe"
Montgomery Div., 1st M., $4,000,000, gold Ce.c*
Collat. trust, gold, ($2,500,000) call at par G.c*
St. Louis & Cairo 1st mort., gold, Interest guar.o
Mobile & B. Sh. 1st M. f $200,000, assum., g.,F.c*
Equipment bonds (mostly 6s) .
jt
Equipment trusts "A" & "B" (V. 71, p. 749), s. f.
4foA..c6ifal-l8tM.,$15,OOOp.m.,g.,gu.p.<fei.(en.)Ko
o*<ter.
Consol. mortgage, $10,0^0,000, gold. *i
Monongahtla RR.— 1st M., $1,5(0.000, j't gu
Monongahela River RR.— Bonds— See B. <te O. RR.
Montana RR.— 1st M., g., $2,000,000
Oe.o*
Size,
or
acific
1,538
1.538
1.538
Par
81to'7 $1,000
1,000
1.000
1899
1903 l.OOO&c
489
95-'03
165
2
42
1903
1873
1875
1891
1903
1,000
500&C
1,000
1,000
100
i'49
149
200
472
55
506
189
iei
38
182
163
1895
1895
1903
1903
1879
1883
1888
1897
1900
1886
1899
1898
1899
1901
1904
1902
1892
1902
1902
1P00
200, 1,000
200, 1,000
1,000
1,000
500 &o.
1,000
500
<fec.
1,000
1,000
500&0.
500 &o.
1,000
1,000
1,000
1000
1,000
1.000
1000 &c
6c Kan*a« City RR.— 'Sre Map.)— Owns MoAla to Decatur, Miss with branch to Hattiesburg, about 200
miles. Under construction by same interests under name of Gulf &
Chicago RR. from Decatur north to Jackson, 256 miles, of which Middleton to Pontotoo, 62 miles, is completed and being changed to standard gauge, and Pontotoc to Decaf ur is to be completed m fall of 1904.
Stook, $4,000,000; Issued June 30, 1904. $3,93«,000; par of shares,
$100. Bothls8uesof bonds shown In table above are limited to $20,000 per mile of standard-gauge road. The 1st consols are subject to
call at 110. There is also *36,000 of 1st 5s outstanding due June 1,
1946, for which an equal amount of 1st oonso.s Is reserved. V. 77,
,
48.
Earnings.— For year ending June
lng Gulf & Ch'caifo, were $527,917;
and taxes, $l6,7r0.
Report for year ending June
30, 1904, gross earnings, Inc'udnet, $232,999; surplus over Int.
30, 1903, in V. 77, p. 822.
In 1903-4 (1*0 average miles), gross, $528,017; net,$233,O09; charges,
taxes, etc., $lH6,229; bal. sur., $46,780. In 1902 3 (-5 veia-e miles),
President, Bird M. Robinson 5 Nasgross, $273,980; net, $103,517.
Street, New Yort; Chairman of Exeo. Committee, W. D. atratton.
Directors, Dec, 1903, V. 78, p. 48.—
Sec. and Treas.. Geo. W. Craiy.
-
(V. .9, p. 968, 1332.)
Ohio
4c
Stocks— Last
Dividend.
&
&
&
O. N. Y., Mercantile Tr. Co.
do
do
O.
Apr.
Apr.
July
1,
1,
1.
1,
July
1.
1980
Bonds.— Under the general mortgage of 1888 there can be no
fore-
5
6
g.
*.
4g.
i
5
6
7
6
I
g
-
&
& J.
& O.
A. & O.
J. & J.
& J.
& J.
& J.
& D.
-Jan.
M. & S.
F. & A
8
'
g.
g.
g.
Q.-F.
4g-
J.
<&
5
M.
&
M.
&
g.
5-6
5
5
5
4
4
J.
N.
Various.
Various.
Various.
M. &
g.
3^g M. &
3S
5 e. T *
See text
J
N,
Quar'ly.
A.
5 g.
5 g.
4
M.
Q.-M.
4
5
J.
1931
1931
do
do
1929
do
do
May
1933
do
do
To Deo, 1912
Townsend Whelen &Co. To Sept., 1912
N. Y. Mercantile Tr. Co Apr. 19, 1898
do
do
Jan. 1, 1905
do
do
Apr. 1, 1916
N. Y. and St. Louis.
Oct. 1, 1923
N.Y.,J.P.M.&Co.,&Lon. July 1, '04, 2%
N. Y.,J.P.Morgan<fcCo. July 1, 1945
do
do
July 1, 1945
N. Y., Colonial Tr. Co. Jan. 1, 1953
do
do
July 1, 1953
N. Y., Farm. L. & Tr. Co. Dee. 1, 1927
do
do
July 1, 1927
N. Y., Gallatin Nat. Bk. Sept. 1, 1938
do
do
Feb. 1, 1947
N Y.,Guar. Trust Co. May 1, 1930
N. Y., Farm. L. & Tr. Co. Jan. 1, 1931
1st Nat. Bk., Mobile, Ala May 1, 1949
N. Y., Farm. L. & Tr. Co.
To 1908
do
do
1919
New York, Blair & Co.
To 1908
do
do
Mr.,'05 Mr.'ll
do
do
To J'nel5,'12
N. Y., Knickerb. Tr. Co. Sept. 1, 1991
N. Y., Gr. Cent. Station Mar. 1, 2002
Oct. 1, 1942
J.
5 g.
6
6
A.
A.
S.
8,
S.
N. Y.. Central Tr. Co.
J
four coupons are in def ault. Mortgage abstract, V. 47, p.
Interest on $4,000,000 St. Louis & Cairo 4s is
Mont. Div. 1st 5s. see application V. 66, p. 1045.
In Mar., 1904. $1,250 000 equipment bonds were sold. V. 78. p. 1392.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were issuable in exchange for the $6,500,000 St. Louis
Cairo stock. See
V. 70, p. 532. In 1904 $6,492,000 stock had been exchanged.
Earnings.— 2 mos., ) 1904
Gross, $1,263,606; net, $347,612
July 1 to Aug 31. J 1903
Gr< ss, 1,221.996; net. 311,839
Report.— Report for 1903 01 iu Chronicle of Oct. 29, 1901.
Tear end'g June 30—
1903.
1902.
1904
1901.
Miles operated.
912
874
874
874
Total gross earnings. $7,739,706 $7,486,980 $6,509,488
$6,139,912
vet earnings
2,339,-96
2,275.809
2,020,302
1,807,061
Net, incl. oth. income. 2,462.826
2,377,939
2,130,667
1,922.012
Interest and rentals. 1.677,537
1.630.663
1,5? 9, 107
1.555,310
Balance, surplus*. . $786,239
$747,276
$541,560
$366,702
* Equipment and new
construction (additional to operating expen"
ses) cost •B389.416 in 1900-1, $417,510 in 1901-2, $334,650 in 1902-3»
and $451,799 in 1903-4; in 1902-3 dividends on stock, $107,412 (2 per
cent) were also paid, and in 1903-4, 2 p. o., $121,412— (V. 79, p. 1023.)
(See Map N. T. Central.)—Owns from
Tlonawk
malone
Herkimer, N. Y., to Malone with branches, 182 miles in all.
History, Lease, Etc.— In 1893 N. Y. Central leased the road and
guaranteed its first mortgage bonds. New York Central owns the
$5,000,000 stock, on which dividends of 4 per cent yeany are paid.
Iu 1902 a new lease in perpetuity was mad« and $10 000.000
3*2 per cent consols authorized, of which $2,500,000 reserved
to retire at maturity the first mortgage bonds and $3,600,000
(V 74, p. 630, 830, 937.)
for improvements and enlargements
closure
till
V. 60, p. 967.
guaranteed. As to
83.
&
&
RR.—
—
•'
IHonon."—See Chicago Indianapolis & Louisville Rt.
monongahela RR.— Brownsville, Pa., to Redstone Jet., 35 m.,
connecting with the Pittsburgh & Lake Erie and Pittsburgh Virginia
<fr Charleston (Pennsylvania system lines), which guarantee the bonds
(see table above), principal and int. by endorsement. 8tock, (?). Pennsylvania RR., Jan. 1. 1904. owned $500, tOO each of stock and bonds.
rionongahela River RR.— Road from Fairmont to Clarksburg,
W. Va., 31 miles. Road opened lnl890. B.&O.owns allof the $1,300,000 stock (par $100), the coal bonds being reduced te $1,000,000 Car
trust 6s, principal Apr. 1, 1902, $377,000. Earnings now inoluded in
system.— (V. 70, p. 1092.)
RR.— Lombard, Mont..toLewistown, 157 miles, including
extension from Harlowton to Lewistown, 63 miles, opened Nov. 1,
1;)03, and from Summit to Leadboro. 6 miles; total, 163 miles.
B.
<fe
O.
'Ionian a
Stock authorized, $3,500,000;
all
outstanding; par of shares. $100.
Of the $2,000,000 bonds, all outstanding, $999,000 are stamped redeemable at 105 and Int. on 6 months' notice, the remaining $1,001,000
being held June 30, 1901, by the Northern Paolflo Ry. as collateral for
$39-2,865 notes. Year ending June 30, 1904, gross, $203,910. Chairman of Board, H. D. Moore, Philadelphia, Pa.; President, Richard A.
Harlow, Helena, Mont.— (V. 71, p. 1167.)
monterey & IQexican Gulf RR.— Purchased In June, 1901, by
the Mexican Central Ry— (V. 75, p. 290; V. 79, p. 968.)
'H «» n t no tiicry & Erie By.- (See Map Erie Railroad.)—Owns Montgomery to Goshen, N. Y., 10 m. Leased in 1872 to Erie RR.— which
see.) Rental Is $16,000 per annum. Stock, $150,000. Dividends (4i«
p. 0. per annum) are paid May 10 and Nov. 10. Sinking fund $6,500
per annum. There are $40,500 2d mort. 5s due Oct. 1, 1927.
morgan's Louisiana & Texas RR.
Sc
SteamshlpCompany.
—(See Map of Southern Pacific.)— Road— Owns Algiers to Cheney vllle.
205 miles; branches, 95 miles trackage to Alexandria, 24 miles; total
railroad lines, 324 miles; steamship lines and ferries, 806 miles.
organization.—The Southern Pacific Company owns an of the $15,000,000 stock, but road operated independently since 1901.
) 1903-4 .. Gross, $2,990,794; net, $1,160,576
Earnings.—7 mos.,
3,013,301; net, 1,430,541
Jnly 1 to Jan. 31.
$ 1902-3. ...Gross,
In year ending June 30, 1903, gross, $4,903,393; net, lno. other
income, $2,302,366; sur. over oharges, $1,658,376.-(V. 76, p. 543.)
Essex RR.— (See Map 01 veiaware Lackawanna <t
morris
Western. )— Owns from Hoboken, N. J., to Phlllipsburg, N. J., 85 miles;
branch, Denvllle, N. J., via Morris <fe Essex Tunnel, to Hoboken, N. J.,
35mlles; leases 37 miles; total operated, 157 miles.
;
RR.— (See Map
Bo. By.)— Owns from Mobile,
Ala., to Columbus, Ky., 472 miles, proprietary line, Kentucky & Tennessee RR to E. Cairo, 21 miles; branches to Columbus, Miss., Ac., 34
miles; Columbus, Miss., to Montgomery, Ala., 167 miles; with Warrior
Branch, 9 miles, and Blocton Branch, 12 miles; total owned, 738 miles;
St. Louis <fe Cairo (leased), Cairo to St. Louis, 152 miles, with branch to
Mlllstadt, 7 miles; Mobile & Bay Shore branch, 38 m.; total Incl ided
in earnings June 30, 1904, 912 miles. Extension of Warrior Branch,
15 m., completed Sept., 1903. (Warrior southern Ry., t tal stock and
Miss. Delta
bond- o»ned, out not Included in earnings). Nashville
RR., V. 75, p. 666.
Histok*, Etc.—Opened In 1861; securities readjusted in 1879.
Lands June 30, 1904, were 242,229 acres, valued at $ld3,22<5.
In 1904 the Southern Ry. had acquired $8,000,000 of the
$9,472,000 gen. 4s and $5,632,600 of the $6,070,600 stock, Issuing,
dollar for dollar, Its collateral trust 4 per cent gold bonds in exchange
for the M. <fc O. gen 4s, secured by a pledge of the latter and also stock
trust certificates for stock, dividends being payable (A. <fe O.) at 2 per
oent for one year, 3 p. c. for the second year and 4 p. c. in perpetuity
thereafter. Road operated Independently. V. 72, p. 241, 483.
Dividends.— First div. (1 p. o.) paid Feb. 28, 1898; on June 24, 1903,
2 p.e. from accumulated surplus; June, 1904, 2 p. 0. As to dividends
on stock trust certificates, see paragraph above.
Stock..— Btock authorized, $10,000,000; outstanding, $6,070,600;
par, $100. The voting power on $4,984,200 of the stock is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879.
mobile
$36,813,000
6,9if\000
27,564,000
16,b90.000
2,»32,000
2,461,000
200,000
2,342,500
435,000
886,000
900,000
600,000
1,200,000
4,000,000
See text
7,000,000
1 ,000,000
9,472,000
4,000,000
2,497,000
4,000,000
200,000
283.000
1,000,000
635,146
1.160,000
152,000
2,500.000
3,900.000
1,350,000
1.000
mobile Jackson
p. 822; V. 70, p. 687; V. 78, p.
pal.When Due.
eonclu ded) —
Valley 1st 5s, and also eventually $2,596,000 Little Rock & Ft. Smith
bonds, $435,000 Little Rock Junction 1st 6s, $683,000 car trusts, and
$200,000 Baring uross Bridge bonds and the balance, $1,636,000
available for improvements. (V. 68, p. 619; V. 70, p. 997; V. 74, p. 206;
V 78, p. 704, 1224.)
The River & Gulf Divisions 4 s of 1903 (present issue $20,000,000)
will be secured by a first lien on 677 miles of road built or under construction 'see above) and on terminal property at St. Louis, East St.
Louis, Cairo and Thebes, and 8,000 acres of coal lands In 111
of the Union
Ry. of Meminois, and deposit of the bonds
phis. Additional bonds may be issued up to a total of $50,000,000
at not over $30,000 per mile of main line for new construction, and
$15,000 per mile of second track and branch lines, but not exceeding
the actual cost, and for additional terminals, equipment, double
tracks, etc. See also above. V. 76 p. 543, 600, 1085; V. 77, p 1875,
and application to list, V. 77, p. 2036, 2049; see also V. 78, p 1448.
Pine Bluff & Western guar. 5s of 1903 (American Central Trust Co.
of -t. Louis, trustee), see V. 78, p. 103; form V. 78, p. 769.
Earnings.— For 7 months ending July 31, 1904, gross, $10,918,061;
net, $3,0 4,043; other income, $1,240,159; charges, $3,034,392; bal
sur., $1,269,810.
Annual Report.— Report for 1903 in V. 78, p. 1106, showed:
1903.
1902.
1901
Tear ending Dec. 31—
Gross earnings
$19,575,350 $17,640,578 $16,961,021
6,634.320
Net earnings
6,720.285
6,944. 947
Other receipts
1,423,572
1,274,607
1,062,572
Total net Income
8,148,857
7,903,927
8,007.519
3,118,403
Interest on bonds
3,624.601
3,170,531
757,468
Taxes, bridge exp., rent'ls, &o.
1,056,512
936,591
q0%)2,57g.*31(10,2,57H,n31(6%)l,547,283
Dividends
Balance for year
8nr.$a88.913 an. $1,222. 974
$2,584,365
-(V. 78, p. 584, 704, 1224, 1393; V. 79, p. 270, 12b7, 1332.)
mobile Ac Birmingham KR,- Mobile to Marion Junction. Ala.,
149 miles; opened in July, 1888. Leased to Southern Ry. from Mar. 1,
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stock of 1
per cent for first year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry., and the voting
power on the preferred irrevocably assigned to the Southern Ry.
during the term of the lease. V. 68. p. 429, 1134; V. 69, p. 391; V. 71,
p. 1013. Foreclosed in 1895 per plan V. 60, p. 657.— (V. 72, p. 137.)
,
tiunas—Prinoi-
Amount
Rate per When Where Payable, and by
Road Bonds Value. Outstanding Cent. Payable
Whom.
of
Joint equipment notes ($9,500 due seini-aau.)..
>
Date
of
Equipment trusts, series A C F
Equipment trusts, series "C." due semi-ann.N
bile,
INTEREST OR DIVIDENDS.
I
Miles
For explanation of column headings,
on first page of tables.
[Vol. lxxix.
&
&
Leased
In perpetuity to Del.
all liabilities
and guarantees 7
Lackawanna* West., which assumes
per annum on stook.
p. c.
Bonds.— Of the $35,000,000 1st refunding 3 'as, $23,968,000 were reserved to retire existing bonds and $11,032,000 were applicable to
additions. V. 70, p. 480, 477; V. 71, p. 1167 Guaranty, V. 74, p. 1308.
Earnings.— Important to route with terminal facilities on N. Y. Harbor, inii the earnings show a deficit after payment of rental (tnoluding
$1,050,000 dividends), viz.: In 1903, $449,121; in 1902, $595,976; in
1901, $1,415,179— (V. 74, p. 1308.)
morrlstown
Sc
Erie
RR. — OwnsMorristown, N
J, to Whippany,
4 miles; branches, 9% miles, inoluding branch from Whippany to Essex Fells, 7 miles, completed January, 1904. A consolidation In
August, 1903. Stook, $400,000, all outstanding; par of shares, $100.
Bonds are subject to oall for sinking fund at any time. President, R.
W. McEwan,
11
Broadway,
N.
Y.— (V.
77, p. 511.)
Oct., 1904.]
EAILWAY STOCKS AND BONDS.
1829
RAILWAY STOCKS AND BONDS.
1830
RAILROADS.
Miles
Date
Size, or
Par
of
For explanation of column headings, &c, see notes of
Road. Bonds Value.
on first page of tables.
Montgomery <t Erie Ry.—rlst M. (old 7b ext. in '86)
More an' s La. A Texas— 1st M. (N Or. to Morg C.) Fo"
.
i'02
157
204
1st mortgage, Alexandria Extension, gold.F
1866 $1,000
1878
1,000
1880
1,000
1893
1,000
50
1864 500 Ac.
1875
1,000
1900
1,000
General mortgage. F
<& Essex— Stock, 7 p. o. guar. D. L. &
85
1st mortgage
Con. M. (for $25,000,000) guar. D. L. & W. Cso*<fcr 120
120
1st ref mort., g., $35,000,000, gu., p. A end. F. o*&r
Var'us
Special real estate bonds
100
Morris A Essex Extension stock, guar. 4 per oent.
2
1903
1,000
Morrinlown <£ Erie—1st M., $300,000, g., sink. id..
mmm
50
Mt. Carbon <e Port Carbon RR.— Stock (rent'l guar.)
38 1900
1,000
Munising— 1st mortgage, gold
28 1898 300 Ac.
Muscatine No. dt So.— 1st M., $450,000, gold. N
37 1886
1,000
Muskegon Or. Rapids <t Indiana— 1st M., go\d. Ce.
85 1896 1,000
Narragansett Pier RR.—let mort., $100,000
100
15
Nashua dk Lowell— Stock, 9 p.c. rental, 92 yrs.B. AM.
100
Nashville Chattanooga <£ St. Louis— Stock
1,000
o*&r 340 1873
1st mortgage (for $6,800,000)
125 1877
1,000
1st M. on Fayette, and McM.brs. ($6,000 p.m.) o*&r
29 1877
1,000
o*
1st mortgage on Lebanon Branch
•77-'83
43
1,000
1st M. on Jasper Br. ($90,000 are 8s, due '06) Ce.c*
46 1883
1,000
1st mortgage on Centrevllle Branch, gold.Ce.o*<fcr
1887
o*&r
20
1,000
1st mortgage on Tracy City Branoh
1881
48
Duck R. RR., 2d mortgage, now 1st mortgage, o*
g.
803 1888
M. ($20,000,000) $20,000 p.m., gold. U 8.
1,000
OonsoL
119
25
Nashville <f Decatui Stock, gu. 7*9 p. o. by L. & N.
Nashville Florence dt Sheffield— See Louisville & Nash VILLE.
1902
1,000
Nashv. Te m'l— 1st M.,g., int. rent., red,105,beg.'07
National RR. of Mexico—
Prior lien M., $23,000,000, g., call at 105.Un.o* 1,405 1901 500 Ac
First eonsoL M., $60,000,000, g. (see text).Ce.o 1,405 1901 500 Ac
W
Morris
.
—
j
ITIou nt Carbon &. Port Carbon RR.— Owns Mt. Carbon to Port
Carbon, Pa., 3 miles; second track, 2*a miles; total track 16 miles.
Leased March 5, 1860, for 50 years to Phila. & Reading RR. and lease
assumed in 1896 by Phila. A Reading Railway. Rental $36,250 yearly
Muscatine North & South RR.— See page 1912.
mnskegon Grand Rapids
6c
Indiana
RR.—Owns
road.
Grand Rapids to Muskegon, Mich., 37 miles trackage, G. R. A Ind. at
Grand Rapids. 3 miles. Operated by Grand Rapids A Indiana RR.,
which was foreclosed in 1896; consideration, net earnings Stock,
authorized, $350,000; par, $100; Issued, $1,000. Coupon of July, 1903,
paid in Sept. 1904. For 6 mos. ending June 30, 1904, gross, $"6,935,
;
against $71,282 in 1903; net, $11,679, aeainst $13,301. Earnings for
year ending Deo. 31, 1903, gross $161,633; net, $43,023; interest on
bonds, etc, $37,500.— (V. 79, p. 1332.)
Nashville Chattanooga
&. St.
Louis Ry .— (See Map.)— Owns
from Chattanooga, Term., to Hickman, Ky., 320 miles; branches to
Lebanon, Ac, 490 miles; leases Western A Atlantic, Chattanooga,
Tenn.. to Atlanta, 6a., 137 miles, and Memphis & Paducah Division of
the Louis. & Nash 254 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1904, 1,201 miles.
Organization.— A majority of the stock ($7,177,600) is owned by the
Louisville A Nashville, of which $5,501,500 is pledged under its unified
mortgage, etc, so that the two systems are operated in close harmony.
West'n A Atlantio is leased from State of Georgia till Deo. 27, 1919, at
$420,012 per annum.
Dividends > 1888 1889 to 1892 1893 '94 '95 '98 '99 to '03 1904
4
lnoel887... % 4H
5 yearly
3% 3^ 4 y'rly None
Bonds.—The Traov City branch 6s fall due $20,000 yearly on Jan. 1
to 1916 Inclusive, and $100,000 on Jan. 1, 1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
off at maturity; sufficient of the $20,000 p. m. are reserved for them.
Jointly with Louisville A Nashville guarantees $2,500,000 L A N.
Terminal Co. bonds. See L. & N. V. 75, p. 1354. Guaranty of $100,O00 Aetna Iron, Mfg., Mining & Oil 6s, V. 77, p. 2390.
Latest Earnings.—July 1 to Aug. 31 (2 months):
Gross.
Net.
Interest,ete. Bal.,*ur.
2 mos.
1904
$1,693,728
$509,935 $301,005 $20H,930
1903
1,639,090
471,169
299,963
171,206
Annual Report.—Report for 1903-04 was in V. 79. p. 1637.
1904.
1902.
Tear ends June 30.
1903.
1901.
Mileage end of year...
1,201
1.195
1,195
1,195
earnings
Gross
$10,206,022 $9,606,370 $7,992,530 $7,620,128
2,624,992
2,610,766
2,370.416
2,509.002
Net earnings
,
Investments, etc
18,297
22.065
18,130
22,253
Net Income.
$2,643,289 $2,632,831 $2,388,546
on debt and tax. $1,181,657 $1,183,473 $1,196,957
Rentals
625.878
625,878
625,878
Miscellaneous
67.628
26,000
81,189
400,000
Dlv. on stock, 4 p. o.
2,531,255
1,231,484
625.878
41,000
Int.
Balance
sur.$368.126 sr.$797,480 sr.$524,711 sr.$619,380
—V. 78, p. 103, 229; (V. 79, p 731,1637.)
Nashville & Decatur RR.— (See Map
Louisville <6 Nashville.)—
Nashville, Tenn., to Decatur, Ala., 119 miles. Re-leased to
Louisville & Nashville In 1900 for 999 years, the rental being 7^ per
oeut on stock. The L A N. July 1, 1904, owned $1,971,600 of the
stock.— (V 68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
Na«h vl le Terminal
Under construction, including bridge
across the Cumberland River and 18 miles of traok
Leased for 99
years from May 1, 1902, to Tennessee Central RR., which owns entire
$1,000,000 stock. (V. 74, p. 57v 830.)
National
of »i<-xl<-o.— (Sett Map.) -Operates a road extending from Corpus Christl.Tex on Gulf of Mexioo. to City of Mexioo, with branoh to Uruapan, and various other branohes, as follows:
Standard Gauge— Owned Miles
Narrow Gauge— Owntd. Miles
Laredo to City of Mexioo
802 Colonia to Tacuba ( 3-rall traok) 3
Colonia to Taouba(3 rail traok) 3 Acaiubaro to Gonzales
55
Clntura line (3 rail track)
3 •Rlncon to Pozos
37
Salamanca to Jaral
22 *Vanegas to Matehuala
37
Controlled Secur. owned.
•Matamoros to San Miguel
75
Texas Mexican Ry., Corpus
Leased
Christl to Laredo, Tex., and
Mlchoaoan A Paciflo Ry.,Ma-
Owns from
RR.—
I
,
RR.
,
—
—
branch
162
ravatio to Zltacuaro
Total standard gauge
992
Total of
Narrow Gauge— Owned.
City of Mexico to Uruapan
321
all (see
below)
57
1,577
Under tonstruct'n (stan.dgau.)
Monterey to San Miguel
148
San Juan to Salamanca
28
Being changed to standard gauge.
Also controls by ownership of a majority of stock the Mexican International RR., extending from connection with the Southern Paciflo
at Eagle Pass, Tex., to Durango, Mex., and to the National RR. of
Mexico at Monterey, with branches, 8P0 miles in all. Interoceanlo Ry.
of Mexico (controlled— see below), 580 miles.
Grand total system
to be about :-,200 miles.
The standard-gauging of the main line from Laredo to Gonzales and
the construction of the El Salto cutoff were completed during Ootober,
1903, and standard-gauge train service Inaugurated, between Corpus
Christl and City of Mexico on Nov. 8, 1903.
*
Amount
Outstanding
Bonds— .Prlnel
INTEREST OR DIVIDENDS.
pal, When Due*
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend, %.
$130,000
Ooshen, N. Y.
N.Y.,S.P.Co.,120 B'way
5
7
5,000,000
1,494,000
1,000,000
15,000,000
5,000,000
11,677,000
7
7
M.
7
3ifl g.
4 ia
221,000
4
250,000
5 g.
282,350
12
160,000
4 g398,000
5 g.
750,000
5 g70,000
4
800,000
9
10,000,000 4 in 1904
6,300,000
7
750,000
6
300,000
6
446,000 6g. A 8
376,000
g
326,000
i
22,000
eg.
7,eoi,ooo
5g.
7i«
3,545,750
J.
J.
1,800,000
M.
M.
&
A
&
&
&
J.&J.
J.
F.
M.
F,
J.
J.
J.
J.
A.
J.
1,000,000
«
g-
J.
20,000,000
22,000,000
4^
g.
J.
4g. A.
1,
1926
&
A
&
&
A
&
&
A
do
do
do
do
do
do
do
do
do
do
do
do
Brooklyn Tr. Co., N. Y.
Phila., Read'g Term'l.
Am. Trust Co., Clevel'd
N.Y..N.Y. Seo.ATr. Co.
July,'03, pd 8ep., 1904.
May
1914
1915
Deo.
2000
1912
June
1,
1,
1,
Nov., 1904,2%
Sept. 1, 1923
luly 15,'04,6%
Oct. 1, 1925
Jan. 1, 1929
July
1,
1928
R.I.Hosp.Tr. Co., Prov. Aug. 1, 1916
Nashua, Indian Hd. Bk. Nov., 1904, 4J«
N. Y. and Nashville.
Aug., 1904,2%
N.Y.. Hanover Nat. Bk. July 1, 1913
do
do
Jan. 1, 1917
do
do
Jan. 1, 1917
do
do
do
do
do
-
M.
May
Apr. 1, 1918
July 1, 1920
July 1, 1913
N. Y., Del. Lack. A West, July 1, '04. 3i«
do
do
V'
10,600,0'
[Vol. lxxix.
&
A
A
& J.
& J
A O
do
do
do
do
do
Jan.,1906A'23
Jan.
St.
N. Y., Speyer
do
1923
July, 1904,
Nashville.
Mere. Tr. Co.,
1,
Jan.1905 to'17
Nov. 1, 1909
Apr. 1, 1928
&
Co.
Jan.
1,
1932
Oct.
Oct.
Louis.
do
3%
1,
1,
1926
1951
Organization.—Incorporated In Utah on Feb. 24, 1902. as successor
without foreolosureof MexicanNat.RR., per plan In V. 73, p. 784.
Mexican Government, Etc.— In June, 1903, the Mexican Government purchased for $9,000,000 about 47 per cent of the entire outstanding stock. See V. 76, p. 1301; V. 77. p. 45 1 .Nearly all of the $33,350,000 common stock consented to the conversion of that stock
into new 5 p. o non-oum. "second preferred'' and "deferred" stock, to
be 88u a d at 1 he rate of two shares of second preferred and one share of
deferred for every three shares of oommon stock, per plan V. 76, p.
1192. The Government holds $10,000,000 first prererrei, $9,343,900
second pref. and $10,628,800 deferred stook. V 77, p 1225, 2159.
The National Company acquired the £1,038,000 Interooeanlo
Ry. of Mexioo second debenture stock, the latter, with preference and
1
common
shares owned and since acquired, giving practical control.
thus securing for the National a line from Mexico to Vera 'ruz and an
outlet to the Gulf of Mexioo. (See " General Finances" bel w .)
The Government also oonsented to the consolidation o f the National, Mexican International and Interooeanlo ttys., and grant an exoluslve concession for 20 years from Ootober 31, 1903, to construot a
road In a zone 50 kilometers wide with the Rio Grande River as the
northern boundarv, and extending from the Gulf of Mexico to a point
100 kilometers northwest of Cludad Porflrlo Diaz. (V. 77, p. 2159.) J
Stock -Common stook was $33,350,000, and pref. (now 1st pref.), 4
p. o non-oum., $32,000,000, all outstanding. In Oct., 1903. the oommon stO' k was mostly exchanged for new 2d pref stock (total issue to
be $22,233,333) and deferred stock (total Issue to be $11,116,666). See
above Outstanding, 1st pref., $30,063.' 00; 2d pref., $21,846,400;
deferred, $10,923,200; common, $796,400; par of shares, $100 each.
The first preferred has a prior right to 4 p. c, then second preferred 5
p. c; theii 2d pref. and deferred share pro rata.
Reserved.
Bonds.—The new bonds are reserved as follows
Prior lien bonds. Total issue [except to refund, $ for $,
Mexican International RR. prior Hen bonds, now
$5,850 000] not to exoeed $23,000,000,of which are
$3,000,000
reserved for general purposes
First consolidated mortgage percent gold bonds. Total
Mexican InternationIssue [except to refund, $ for $,
al RR. 1st oonsols, now $7,503,000] not to exceed
$60,000,000. of which there are reserved
23,000,000
Reserved to retire new prior lien bonds wnen due
i
•»
Reserved for improvements and new equipment, at
6,000,000
not exceeding $500,000 a year
Reserved for acquisitions of new property and for extensions at not exceeding $10,000 per mile of Btandard-gauge line, or $7,500 per mile of narrow-gauge
9,000,000
line, oq which the oonsol. mortgage will be a first lien
The new issues of bonds are seoured by a first and seoond
respectively, on all the property of the Company now
lien,
owned or provided for under the readjustment and the El Salto extension when constructed, and also upon the securities of the Texas Mexican Ry., and the consol mortgage has ulso a first Hen on $15,786,100
of the $20,708,200 capital stock and aU of the $4 499,000 incomes
of Mexioan International. Of the $22,000,000 consols issued, $756,500 were on Jan, l, 1904, in ,the treasury, or pledged for gold notes of
1901.
Of the Mexican International consol. 4s, $5,613,000 are guaranteed,
principal and Interest. See that company's statement; also V. 75, p. 77,
General Finances.— In 1903, $8,300,000 two-year 5 p. o. notes
(authorized Issue, $10,000,000), were sold to pay for control of Interooeanlo Ry., dated Oct. 1, 1903. They are subject to call at par on
60 days notice; denominations, $1,000 and $5,000 each. They are
secured by deposit of £1.038,400 Interooeanlo Ry. of Mexioo second
debenture stk., £1,251,830 ordinary and £102,000 seven p. o. cum. pf.
stock, $3,000,000 Mexican International 1st oonsol (stamped guaran-
and $747,500 Nat. RR. of Mexioo 1st o >nsols. The remaining
$1,500,000 notes may be Issued on deposit of additional seourlty.
EARN1NG8.-8 months, > 1904 .... Gross, $7,720,563; net, $2,447,276
Gross, 7,722,523; net, 2,629,462
Jan. 1 to Aug. 31. < 1903
Above figures are in Mexican currency. See also V. 77, p. 1225.
Annual Report.— Fiscal year ends Deo. 31. Report for 1903, with
the Dal. sheet, etc, wa9 given in V. 78, p. 1442, 1450. Gross andnet earnings below are given in Mexican ourrenoy, the income aocount in U S. currency. For earnings of the Mexican International
(operated separately) see statement of that company.
EARNINGS— (U. 8. CURRENCV EXCEPT GROSS EARNINGS.)
1901.
1902
1903.
Tear ending Dec. 31—
1.323
1.349
1,452
Average miles operated
Gross earnings (Mexioan currency)$l 1.344,019 $9,262,860 $7,724,526
2,923,193
Net earnings (Mexican cm renoy)... 3,709,430 3,214,176
Net earns. (United States currency) 1,563,086 1,329,429 1,410,198
teed)
INCOME ACCOUNT— (UNITED STATES CURRENCY.)
11,603,688 $1,82H, .20
tf*,S68
16,627
lnt.,dlsc. fcexcta..
336,*89
S83.697
bonds, etc.
Int.. on
Net earnings
Gain on Mexican
money
assets....
156,998
Deduct—
Taxes and ren'als.
Interest on bonds.
Loss on Mexioan
money
1903.
$28,824
1,867,801
1602.
$18,481
1,667,299
119,917
assets
Traos MexicanRy.
72,262
^amaiWMaM
.$2,077,678 $1,7*8,668
Total
Surplus for rear.
Total
$1.4*08.947 $1,696,707
1108,781
$82,940
)
-
,
t
'
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
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;%:
MAP OF THE
NATIONAL R. R. or
.j
*«'»;':'«„
Cuicatla
KChilpancingo
MEXICO
MEXICAN INTERNATIONAL R. R.
AND
(NATIONAL RAILROAD OF MEXICO
[MEXICAN INTERNATIONAL R. R.
(PROJECTED LINES
yHida'lgo
\s
.,*^,
^
O
INTEROCEANIC RY. OF MEXICO
)
c>
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o
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z
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4
^
,
Cuixtla
RAILWAY STOCKS AND BONDS.
1832
[Vol. lxxix.
RAILROADS.
Bonus— PrinciINTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount Rate
For explanation of oolumn headings, &c, see notes of
of
Par
per When Where Payable, and by Stocks— -Last
on first page of tables.
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Dl\ idend.
Nal.of ilex.— (Oon.)— Col.notes, $10,000,000,g red.
Nauaatuck— See N. Y. New Haven & Hartford.
NevaAa-Oalif. -Oregon.—1st M. $1,500,000, gold...
Nevada Central— 1st M.,g.,non cum., inc. (s. f.).Ce
Nevada Co Narrow Qauge— 1st mortgage
Newburg Dutchess a Connecticut—€ol. trust bds.Ce
Inoome mortgage for $1 ,625.000
r
New England RR.—JX. Y.& N. E. 1st M., see text.
Do
do
1st M., see text ..
gu.,p.& i. end.Ma.o*
N.Y.&N.E.Bos.Term.lstM., $1,500.000. A K .c&r
1st oons.M., $17,500,000.
g.,
.
New Eaven & Northampton— See New York N
New Jersey Junction—1st. M., guar., $4,000,000.0<fcr
New Jersey <£ New York— See Erie RR. Co.
New Jeney 7ermircaJ— 1st mort., $250,000. Col.New London Northern—Stock
Consolidated M., now 1st M. ($688,000 are 4s) .c*
N. Mex. Ry.
<6
Coal— 1st
& oon. & col.
tr.
144
94
22 St
59
59
321
321
M,
Alam. <fe Sac. Mt. 1st M., $900,000, g., guar...N
El Paso & Rock L, 1st M.,$2,500,000,g.,gu.Col.o'
Dawson Ry. & Coal, Coll. tr., g., gu. p. & i.Ool.o*
New Orleans dt North Eastern— Stock, $6,000,000.
.
Ce
o*
1st mortgage, gold.F
c*
General mortgage, $8,000,000, gold.F
o*
Income mort. (non-oum), $1,500,000, gold. N.. r
New Orl. Term.— 1st
. $15,000,000, g, gu.S
c*<fcr
M
5
g.
A.
1899
1,000
1888
1,000
1896
1,000
1891 500 &o.
1877
1,000
1876
1,000
1876
1,000
1895
1,000
1889
1,000
5 g.
5 g
7
5
M.
526,000
750,000
230,000
226,000
1,164,500
6,000,000
4,000,000
359
5,000,000
1,500.000
EW H AVEN A Hart FORD.
5 1886
1,000
1,700,000
7
121
121
M., g.Col
Collat. trust, gold ($3,000,000) red. at 105.N....
Gen.
$3,000,000, g., red. Seetexi.Col
Prior lien M.,g.
1903 l.OOO&o $8,500,000
165
"31
128
133
196
196
196
196
196
1901
1,000
1901
100
1885
1,000
1881
1,000
1902
1.000
1.0' >0
1902
1903 l.OOO&o
Newport <t Cincin. Brtdge.—See Louisville & Na SHVIL LE.
Newt'n <£Northw.—lstM.,$2,500, 000 g..red.textoB
102 1902
Funding mort., $300,000, redeemable at par.... 102 1903
1,000
1,000
Direct ors— Cleveland H. Dodge, E. C. Henderson. Adrian H. Igelin Jr.,
Juan N. Navarro, J N. Wallace, Geo. W. Wickeranam, Charles H. Tweed, Wm.
G. Raoul. ail of New York; L. F. Loree, Baltimore, Md.: Ernesto Madero
Monterey; Gulllermo de Landa y Escandon, Jose de l.anda y Escandon, Emilio
Vela<<c.>. E. N. Brown and Miguel de Iturbe.all of City of Mexico
Officers.— Pres., E. N. Brown; 1st Vlce-P.es., J. G. Metcalfe; 2nd
Vice- Pres., James Steuart MacKie; Treasurer, J M. Frazer; Sec. and
Asst. Treas., Arthur H. MacKie. N. Y. office, 30 Pine St. -(V. 78, p.
288,769.1442,1447,1450.)
Nesquehonlng Valley RR.— Owns from Nesquehoning Junction,
Pa., to Tamenend, Pa., 17 miles; Tunnel Branch to Lansford, Pa.. 1 mile.
Leased for 999 years to the Lehigh Coal & Navigation Co., which called
the stock for payment at par and Interest on Sept. 1, 1904, and holds it
In its treasury see Item "Delaware Division Canal" in V. 66, p. 1139.
;
—(V. 79,
p. 103.)
IVevn<ia-< alifor nla -Oreao n Ry.— Reno, Nev., to Madeline, Cal.,
144 miles; extension proposed to Lake View, Ore., 95 miles. The Sierra
Valleys RR., Plumas to Clairvllle, Cal., is operated Independently.
V. 74, p. 776. Stock, common, $1,450,000: preferred, $750,000, all
outstanding. During 1901-2 6 p. c. bonds were all exchanged for 5s.
Earnings— 12 months, > 1903-4
Gross, $194,835; net, $75,670
July 1 to June 30.
$1902-3
Gross, 196,055; net, 85,678
Surplus over oharges. $19,604 In 1903-4, against 61,214 In 1902-3.
Report for year 1902-3 was in V. 77. p. 2157, showing, gross. $196,297; net, $9, 248; int., taxes, etc., $37,855; balance, sur., $53,393.
Pres., D. C. Moran, 68 Wm. St., N.Y.-(V. 76, p. 262; V. 77, p. 2157.)
Nevada Central
Battle Mtn.. Nev., to Austin. Nev., 94
miles, narrow gauge. Stock, $750,000. Earnings for 1903-04, gross,
$29,261; net, $3,705; no Interest paid by railroad. Pres., J. G. Phelps
RR.—
Stokes.
(V. 74, p. 379.)
Nevada County Narrow-Gan;e
RR —CoUax to Nevada
City,
Cal., 22i« miles. Stock, $250,200; par of shares, $100 each. Dividend
of 5 p. c. (fourth since organization) was paid Dec, 1903; in Mar.,
1904, 5 p c. Bonds: $234,000 flret 7s, payable in annual instalments increasing from «4,000 in 1902 to $20,0(0 In 1924. Year
1903. gross, $129,0^6; net, $50,'242; Interest, $16,430; impt's., bonds
redeemed, etc. $7,467; dividends (5 p. c), $12,510; bal., surplus,
$13,735. Pres., Mrs. S. A. Kidder, Grass Valley, Cal. (V. 77, p. 2390.)
Newark Somerset Ac Straits.— Sold to B. & O. 8ee V. 70, p. 792ii m wick Coal Ac Railway.— See
page 1912.
New
Km
Newburg Dutchess de Connecticut RR.—Ownsfrom Dutchess
Junction, N. Y.,toMillerton,N. Y., 59 miles. A reorganization in 1877.
Stock, Etc.—Common, $500,000; pref., $600,000; par $50. There
were June 30, 1903, $.26,000 coll. trust 5s; $1,164,500 income 6s and
$25,000 of 5 p. c. real estate M. notes. In year ending June 30, 1904,
gross, $171,414; net, $25,556; other Income, $725; interest, taxes,
$19,483; bal., surplus, $6,798— (V. 65, p. 568.)
etc.,
New England RR.— N. Y.New
Haven
<fe
Hart., leased the road,
which Includes: Lines owned. Boston to Hopewell junction, N. Y., 215
miles, and branches to Springfield, Mass.. Providence, R I., etc., 144
miles. Lines leased (see each company), Norwich & Worcester RR., 72
miles; Providence & Springfield RR., 28 m.; Woonsocket & PaHcag
RR., 9 nx; other lines, 38 miles; trackage, 29 miles; total, 535 miles.
Through N &. W. RR. controls Norwich & New York steamers. 1 25 m.
History.— A reorganization of the New York & New England (sold
In foreclosure July 9, 1895) per plan V. 58, p. 762. In June, 1904,
there had been exchanged orwas held by the lessee all except $10,800
of the $20,000,000 common and $50,' 00 of the $5,000,000 pref. stock.
Preferred stock not exchanged receives dividends of 3 per cent per
annum under 99-year lease.— V. 66, p. 384, 617, 10o2; V. 69, p. 1012
Bonds.— See guaranty of consols by N. Y. New Haven At Hartford
RR. V. 64, p. 611; $10,000,000, beating 4 p. c. interest, have be«n sold
8
Bt8 --<V.79,p.501,e28,1266; V. 77, p. 1226; V. 79, p. 501,
*°S
¥™2
New JTArsey Junction RR.—Terminal road
Hoboken
\>Zo, lzoo.)
through Jersey City.
~u*i Weehawken, about 5 miles. Leased for 100 years from
30, l»6o, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Docks Ry.
June
New Jersey de New York RR.—Owns from
Erie Junotion, N.
J.,
to Garnervllle, N. Y., 29 miles branches to New City, etc., 5 miles operates to Haverstraw, etc., 14 miles; total operated, 48 miles. Erie RR.
in April, 1896, purchased control.
Stock, $1,440,800 oommon; $787.800 preferred par, $100. Control is with preferred stock and first
mortgage till 6 per cent has been paid on preferred for three years.
AJ lIiIN,G8— Year endin K June 30, 1903, gross, $367,164; net,
$51,858; Interest, etc, $54,012; bal., def., $2,154.— (V. 65, p. 822.)
:
;
;
.^
New Jersey Terminal Ry.— See page 1912.
New London Northern RR.—Ownsfrom New London, Conn., to
F
Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall RR.,
Brattleboro to South Londonderry, Vt., 37 miles.
Leased for 99 years from Dec. 1, 1891, to Central Vermont. The
rental is $213,552 per annum, which leaves a small surplus after providing for Inter., etc., and 9 percent dividends. Taxes and improvements met by lessee, without claim on New London Northern As to
suit to break Brattleboro
Whitehall RR lease, see V. 76, p. 1301
DiviDEND8.-1888 to Apr., 1892, 7% yearly, then 8% yearly to 1893.
and since to Oct.. 1904 (incl.), 2h p. o. auar. (9 p. an )— V 76, p. 1301.
"!. 1 1. .» Ry. * Coal.— (See Map).—Owns El Paso
& Northeastern Ry., from El Paso, Texas, northeast 165 miles, to the Salado
&
New
<fe
5g.
4
4
F.
O.
N.
2,270,000
See text.
Moran Bros.
&
&
&
&
&
&
J.
J.
J.
O.
&
J
Yearly
O.
D.
May
l,
July
2,
1919
1938
To 1924
1,
do
do
July
Coup. ,orHoe;reg.,maUed Apr.
1,
1.
1.
1.
1,
1921
1977
1905
1905
1945
1939
& Hud.
Feb.
1,
1986
Oct.
1.
Rlv.
N. Y., Colonial Tr. Co.
New London, Office.
N. Y. Bk. of No. Amer.
N. Y., Colonial Tr. Co.
N. Y.,N. Y. Sec.& Trust.
,
New
do
N. Y., Colonial Tr. Co.
do
do
New
1931
Oct., 1904,234
July
1,
Oct.
Oct.
1,
1,
Jone
York.
do
,
&
&
1905
May
Orleans, La.
A. & O. N. Y., Central Trust Co.
N. Y. Muller, SchaU&Co.
J. & J
J. <fe J. N. Y., Farm. L. & Tr. Co.
4^j p. c. g. (if earne'i) on Dec. 1.
J. & J N. V., Standard Tr. Co.
5g.
5g.
1,
None ever paid.
June
Boston, S. Dep.& Tr Co. Jan.
do
do
Jan
A. N. Y. Cent.
& O
g.
9
Q.-J.
4&5 J. & J.
& O.
5 g.
& o.
5g.
& D.
6g.
& O.
5 g.
& J.
5 g.
J.
Oct.
N. Y.,
J.
See text.
J. Wells, F.
Co., S. Fran
N. tf. Y., Central Trust Co.
A.
5
1,500,000
1,792,000
3,000,000
1,886,000
322,000
2,500,000
3,000.000
5 g.
6,000,000 3 In 1903
1,320,000
6 g.
100,000
6 g.
5,260,000
4*2 g.
1.500.000
Up to
3,500,000
4 g.
1,000
M.
6
7
6
230,000
1,500,000
100
1880
1,000
1901
1897
1,000
1903 500, Ac
1898
1,000
1901
1,000
J.
J.
&
&
&
&
1
1910
1951
1947
1928
1928
1951
1951
Apr. 1.
Jan. 1.
July 1.
Nov. 5 !,'(«,
Nov.
1,
1916
Jan. 1911
Jan. 1, 1952
,
July
July
1,
1,
1952
1953
Old Col. Tr. Co., Boston. Oct.
Dec.
1.
1,
1932
1913
Coal fields; controls and operates El Paso & Rock Island Ry., Carrizosa
to Santa Rosa, 128 miles, opened 1902; Alamogordo <fe Sacramento
Mt. Ry., Alamogordo, N. M., to Russia, 31 m.; Dawson Ry. &.Coal Co.,
Liberty. N. M to Dawson, 133 miles, opened in 1U03; total, 457 m.
In Feb., 1902, the El Paso &Rock Island Ry., with $2,500,000 stock,
of which 60 per cent owned by the N. M. Ry. & Coal, and $2,500,000 5
per cent guaranteed 50-year bonds, has close trattlo agreement with
Chic. Rock Island <fe Pac for 9i<9 years. V. 71, p. 1219.
The Dawson Railway & Coal Company, stock $3,000,000, has Issued
$3,000,000 collateral trust bonds which are guaranteed, principal and
Interest, and are secured by the stock and bonds ($3,000,000 each)
of the Dawson Ry. and those of the Dawson Fuel Co. ($1,"00,000 each)
the latter owning about 25,000 acres of eoal, mineral and timber lands.
,
V. 73, p. 900; V. 74, p. 776.
SToCK.-Stock, common, $3,000,000, all outstanding; pref., 5 p. o.
non-cum., $1,000,000.
The coll. trust 5s of 1897 are secured bydepositof all the stock and
bonds of El Paso & Northeastern Ry. of New Mex. ($2,700,000 of eaoh),
the stock of the El Paso & N. E. RR. of Texas, $300,000 (no bonds issued), and all the stock ($2,500,000) and all the bonds ($1,500,000) of
the New Mexico Fuel Co. the latter covering 3,500 aores of coal lands.
Of the first and consolidated and collateral trust 5s of 1901, $3,000.000 are reserved to retire the collateral trust 5s of 1897 and $2,000,000
are applicable for Improvements and new equipment. V. 74, p. 776.
The general 68 of 1903 are subject to call as a whole at 105 at any
Hme; or on any June 1 beginning 1909, not exceeding $150,000 may
be drawn at par by lot Equipment trusts Dec 31. 1903, $833,940.
The bonds of the Alamogordo & Saoramento M't'n Ry., of the El
Paso & Rock Island and those of the Dawson Ry. & Coal Co. are
guaranteed. See above. Report for year ending Deo. 31, 1903, was la
V. 78, p. 1959, showing net earnings of subordinate companies, $428,?>56; interest, $266,770; taxes, $3,535; bal., sur $158,251.
New York
office, 68 William St.— (V. 76, p. 158; V. 78, p. 1 959.)
,
New
RR.—
&
Orleans
North Eastern
New Orleans, La., to
Meridian, Miss., 196 miles. Stock, $6,000,000 (par, $100), of which
$5,320,000 and $4,900,000 gen. 4 "as and $1,500,000 inoomes were held
In June, 1903, by Ala. New Orleans Texas & Pac Juno. Ry.
Reorganized In 1902 per plan In V. 74, p. 681. Dividend on stock, 3
p. c, paid Nor. 2, 1903. V. 77, p. 2281. Of the gen. 4 V, $4,900,000
were issued in exchange for 1st 6s, $1,420,000 are reserved to retire
the remaining prior lien bonds and $1,320,000 for future requirements. Car trusts Juno 30, 1904, $6,462.
Earnings.— For 3 months ending Sept. 30, 1904, gross, $579,975,
against $603,626 In 1903. Report for 1902-03, V. 77, p. 2095.
Tr. end. June 30.
Qross.
Net.
Other inc. Int., etc.
Balance.
1903 04
$2,416,967 $6.8, 150 $15,702 $389,400
$254,752
190203
2,285,036
627,472 11,461
385,124
253,809
In 1903-04 div. of 3 p. c. ($180,000) was paid.
-(V. 74, p. 268, 681; V. 75, p. 185, 290, 904; V. 77, p. 2095, 2281.)
New
Orleans
Ac
Northwestern
RR.— Owns
from Vldalia, La.»
northwesrerly to Arkansas State line, 115 miles. Stock, $1,499,100
all acquired by Iron Mtn. (Mo. Pac system).
V. 75, p. 1400.
New
New
Orleans Terminal Co.— Owns extensive terminal property
Orleans and a belt railroad around the city, lease. to the
Louis & San Francisco and Southern Ry. lor 99 years from July 1,
1903, rental covering all expenses of operations, maintenance and
charges. Formerly the New Orleans & 8an Fianoisoo, hut name
changed, the company acquiring all the terminals and rights owned
bj Soul hern Railway and St. Louis & San Francisco interests In Now
Orleaus and the property of the New Orleans Belt & Terminal Co.
The Southern Ry. and St. Louis & San Francisco each own half of the
$2,000,000 outstanding stock ($5,000,000 authorized) and jointly guarantee the bonds (see table abovei; Issued $3,500,0 0. See V. 78, p.
:<43, 1447; V. 79, p 1466.
Decision May, 1904, V. 78, p. 2335.— (V. 79,
at
i
St.
p.
152, 1642.)
Newport Ac Cincinnati Rridge Co.— See Louisville & Nashville.
Newton Ac Northwestern Kit.— Owns Newton to Rockwell
Compleied early In 1904.
Stock, $2,500,COO, of which $500,000 is 6 p. c non-cumulative pref.;
First mortgage bonds are subject to call on any Inall outstanding.
terest day at 110 and Interest.
Both mortgages cover road and 3,218
acres bituminous coal lands; total output of latter to be 1,500 tons
daily. V. 78, p, 40,703.
President, Hamilton Browne, Eraser, la.;
Secretary, Chas. F. Cushman, Boston, Mass.— (V. 78, p. 49, 1275.)
City, la., 102 miles.
New York Brooklyn
Ac
Manhattan Reach Ry.— Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island), and branches
to Bay Ridge and Greenpolnt, 20 miles, of which 16 miles double track.
Lease, Etc.— A consolidation August 27, 1885. Leased for 99 years
from May 1, 1882, to the Long Island RR. Co. at 35 per cent of gross
earnings, but not less than 5 p o. on pref. stook. Com.stook is $350,000.
Bonds.—The L. I. RR. has attached to the bonds Its unconditional
guaranty of prln. and int. in addition to facts as to lease.— (V. 73, p. 32.)
New York Canada R.— Whitehall, N. Y.,to Rouse's Point,
W. Y., 113 miles; branches. 38 miles. Stock, $4,000,000 common and
$.\000,000 5p c non cumulative preferred, all owned by the Delav are & Hudson, the Utter being issued to the D. & B. in payment for
bonds retired May 1, 1904. V. 79, p. 786, 968.
&
R
Oor,
&
RAILWAY STOCKS AND BONDS.
1904.]
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MAP OF THE
NEW MEXICO RAILWAY
COAL COMPANY.
>>
PASO
^
»
PROPERTIES.
<
EL PASO & NORTHEASTERN "'
P^SO £ /?0C/T ISLAND RY
f
<$
/.
CO/Ji t^/VDS
SHADED
hmm
Mm^M
Ui
RAILWAY STOCKS AND BONDS.
1831
KAILROAD8.
jTui
Miles
explanation of column lkwiim;s, <xc, boo notes
on first page of
F. Y. Wklyn
1st con. M.
Date
Size, or
Of
of
Par
Road. Bonds Value.
tables.
Man. Beach— Pref. stock, non-cum..
(now 1st M.) gold, guar. Dy L. I.Ce.o*
dk
York Central Jk Hudson Kivej--8took.Tr..
Debt oertlfs., (N.Y. Central), gold, $6,450,000. o&r
1890
1897
1898
1898
1900
1904
.
-
M
1887
1896
1900
1896
1891
1891
a As reported July, 1903; the amount out standi ng
&
l.OOO&c a5,094 000
l.OOO&o 75,867,000
l.OOO&o 90,578,400
1,000&0 19,336,445
i,6bo&c
100
1,000
1,000
20,000
100&0
50
50
1897 i,ooo&o
1902
1,000
100
1880
1,000
1883
1,000
1890
1,000
^
-
5,500,000
30.000,000
14,000,000
11,000,000
5,000,000
19,425,000
166,000
260,000
1,500,000
8,656,050
1,343,950
12,000,000
4,500,000
10,000,000
12,000,000
5,000,000
5,000,000
1.000
1,000
wh en
4
3*3
J.
J.
g.
g.
3*ag. P.
3 lag. P.
3 ^g
J.
4
M.
g.
& D.
& J
& A
& A,
& J
& N,
do
do
do
do
do
New
June
July
May
Y., GrVcent" Station
do
do
Y., Union Trust
& O
& D.
& N.
A.
5
F.&A 15
413
J.
5 g. M.
See text. See text
See text See text
3>a g. M. & N.
P.
A.
&
I*
Q.-J.
6
5
J.
4
M.
F.
5g. M.
M.
is
given
&
&
&
&
&
.
,
1,
1,
1,
1,
1,
Feb.
Feb.
5 in 1904 Maroh.
4g.
1,
July
do
do
do
do
do
York.
3 in 1904 March.
192,000
1,553,000
refu nding began
Mch.
Moh.
1905
1997
1998
1998
2000
1934
1,'04,
1,'04,
3%
5%
Co, Oct. 1, 1937
Y., Central Trust Co Yearly to 1911
Y., Nat. City Bank. To Dec. 31, '10
May 1, 1946
Y., 21 Cortlandt St.
Y., Gr. Cent. Station, Oct. 1,'04, 2%
do
do
Oot. 1, '04, 2%
do
May
do
Y., Guaranty Tr.
Y., by Del. Lack.
Co
&W
do
do
do
J.
A.
N.
in first left
Oct
do
do
do
S. N. Y., Liberty
do
S.
1,
1,
Feb.
,'04,
Jan.
Aug.
May
Nat.
Bk
1,
1,
1,
2000
1932
114%
1921
1923
1928
Sept. 1, 1941
Sept. 1, 1941
do
hand column.
RR.—
by any new mortgage, but existing mortgages may be extended. V.
78. p. 1907 1962. 2384; V. 79, p. 1335.
In 1902 03 oontrol of the Reading Co. was acquired by the Baltimore & Ohio (Pennsylvania interests) and the Lake Shore. V. 76, p.
&Hnd»on
101; V. 78. p. 48.
In July, 1904, an interest in Syracuse Rapid Transit Co. and other
electric roads in New York State was acquired. V. 79, p. 270, 734.
coke Co. for at
As to oontraot of 1903 with Pennsylvania Coal
least 1,000,000 tons annually, pee V. 77 p. 2098; extensions to coal
fields In 1903-04, V. 79, p. 1335, 1435.
Latest Earnings.— For 3 mos. ending Sept. 30 (partly estimated):
Vha ges Bal.fordiv.
Olh inc.
3 mns.
Oross
Net.
Nashua
Lowell
Owns double track road from Lowell,
Mass., to Nashua, N. H., 15 miles. On Oct. 1, 1880, leased for 99 years
to Boston & Lowell. In 1887 lease was transferred to Boston & Maine,
which pays a rental of $73,000 (9 per oent on stock).
York Central
River R. ft. —(See Map.)—
Lxnes owned.
Miles.
Operated under contract.—
Hew York to Buffalo
441 Terminal Ry. of Buffalo ...IT
11
New
Branches
Lines leased.
West Shore
Dividend.
1,000
100
100
—
-
Whom.
Payable
Cent.
$100
1885
o*<fcr
g., 8. f., $13,194,000. ) Eq. sec. $
Befund.M., $100,000,000, g.Ce $ by mort. I c*&r. |819
OoUat. trust, g. ($100,000,000) L. 8h. stk.G.o*&r
do
do
($21,550,000) Mich. Cent. stk..G
Debentures (V. 69, p. 1102; V. 71, p. 502, 964)..
Debentures, $50,000,000, gold. Us
c*<fcr
....
N. Y. Ohicago<6St.Lou is— Common stock
523
2d preferred (5 per cent, non-cumulative)
523
1st preferred (5 per cent non-cumulative)
523
let M., gold, sinking fund not drawn
Oe.o*&r 505
Equip.tr. "B" g. $23,000 due yrly Feb.l5.,Ce.c&r
Equipment notes, $20,000 due semi-annually ..
N. Y. <t Qreenw.L.— PrlorlienM.,gu.p.<fci...N.gxc*
53
145
JT. Y. dk Harlem
Common, 14 p. c, 10% guar
Preferred stock, 14 per cent, 10% guar
145
Refunding M. (now 1st), $12,000,000, g...Go*&r 136
N. Y. dk Jersey— 1st M., $7,000,000, red. at 110. G.C*
214
if. r. Lacka. A Western—-Stock, guar. 5 p. ot., end.
214
l8t mortgage, guar, by Del. Lack. & West
F.o*
214
Oonstr. mort., guar, by Del. Lack. & W.,end.F.o*
3d M. Ter. Imp. ($5,000,000), gu. p. & i., end..F. 214
Sew York Lake Erie <t Western— 8ee Erie RR.
Br Gen
(n ° W
38
g.c*
\ $2,500,000,
d
\o
38
*^
Outstanding
Bonds- PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Checks mailed.
A. & O.
$650,000
5
Oot., '04, 2i«%
1,726,000
5 g. A. & O. N.Y.,Corbln Bank'g Co, Oct. 1, 1935
100 132,250.000 5 in 1904 Q.-J. N. Y.. Gr. Cent'l Stat'n, Oct. 15/04, li*
1853 500 &o. a3,582,500
4g. M. & N. N. Y., Gr. Cent. Station, May 1, 1905
20
20
Me*r>
Debent's,
Amount
[Vol. lxxix.
371
U
See this co.
199
Trackage
Total In earnings
3,490
Controlled— Operated separately.
H 479
6 Lake 8hore & Mich So
111,411
If
6 Michigan Central
M....1T
fll.653
Hew York & Harlem
137 N. Y. Chic. & St. Louis RR. ff 523
If
New Jersey Junction
5 Lake Erie & Western
725
it
IT
Borne Watertown & Og
624 Northern Ohio
162
11
it
Mohawk & Malone
182 "Big Four" System
112,235
IT
Carthage & Adirondack
46 Indiana Illinois & Iowa.... IT 252
it
Gouverneur & OswegatchieTl
13 Cincinnati Northern
208
if
New York & Putnam
59 Detroit Tol. & Milwaukee.. IT 155
U
Boston & Albany
91
H 393 Dunkirk All. V. & Pitts. ...IT
Fall Brook Ry.,eto
231 Pitts. & Lake Erie system.. IT 185
.11
Beech Creek RR.
160 St. Lawrence &, Adirondack^
56
If
Beech Creek Exten. RR .... IT
59
Wallkill Valley
33 Total owned and controlled
Pittsburg & Eastern
22
July 1, 1904 (319 miles4Clearfleld Southern.
13
tracked)
11,246
H18TOHT, Ac— Control of the Lake Shore and Michigan Central roads
Troy & Greenbush
Spuyten Duyvil & Pt.
.
was acquired in 1898, as stated below. Their earnings are reported
separately, but the dividends on their shares held by the Central are ineluded in the Item " other income," offset in part by interest on the collateral bonds issued for their purchase. V. 71, p. 502; V. 78, p. 48.
In Jan., 1900, control of the Lake Erie & Western was aoquired, also
a large Interest in the Cleve. Cin. Chic. & St. Louis, Increasing the
Vanderbilt interest in the latter to an absolute majority. The Central
has since transferred its holdings in these companies to the Lake Shore,
which see; also see V. 78, p. 48. In 1900 an understanding was reached
between the Vanderbilt and the Pennsylvania Interests, by which the
latter beoanie Jointly Interested In Ches. & Ohio Ry. V. 70, p. 76, 125,
1049. Holdings of Vanderbilt estate, V. 71, p. 1221.
Stock.—Dividends on stock registered in London are payable In gold
at 49*ad to dollar. As to new Issues, see " General Finances" below.
Dividends since 5 '92. '93. '94. '95. '96-98. '99. 1900-*03. 1904.
1891. Per oent. (5>*
5 4»* 4yrly.
4
5
5yly.
5
Bonds.—Description of debentures of 1890 was on page 3 of Supplement >f April, 1895. They are all secured by the refunding
mortgage of 1897 equally with the 3>«8. Re/, mortgage Is for $100,000,000, of which $o4,669,000 had been issued in Oct., 1904. to retire
$61,700,000 old bonds and $11,200,000 for the general purposes of
the company; of the balance, $9,133,000 was reserved to retire
$8,676,000 existing bonds still outstanding; the remainder ($15,000,000) Is reserved for new construction after 1903. V 77, p. 452.
Collateral trust 3 "as of 1898 are secured by deposit of stock of the
Lake Shore & Michigan Southern and Michigan Central RRs. at the
rate of $100 of L. S.
M. S. stock for each $200 of bonds and $100
of Mloh. Cent, stock for each $115 of bonds outstanding. The total
authorized issues of 3>«8 are $100,000,000 for Lake Shore and $21,650,000 for Michigan Central. See V. 66, p. 288, 336, 760, 811.
In 1904 $^.000,000 one year 4 »a p. o notes dated Mar. 1, 1904, were
sold. V. 78, p. 989. As to debentures of 1904. see "Finances" below.
Guaranties.—The company guarantees the securities of its leased
lines to a considerable aggregate— see separate statement for eaoh company marked with a IT in the table of mileage preceding. It also guarantees Western Transit Co. 3»a8 for $1,000,000 due February, 1923.
General finances.—To Oct., 1904, about $61,700,000 old bonds had
been refunded; annual saving in interest charges abou $1,4' '0.000.
V. 75, p. 1148; V. 76, p. 159. In June, 1903, various roads controlled
by the Vanderbilt, Morgan and Pennsylvania interests purchased
$6,924,200 of the $11,000,000 Hocking Valley Ry. common stock.
See that company, V. 77, p 1225
In July, 1901, the company had acquired $45,289,200 of the capital
stock of the Lake Shore road In exchange for 3^ p.o. bonds (see above),
leaving $4,177,300 afloat, including $533,500 guaranteed 10 per cent
dividends (see V. 66, p. 288, 336, 1238), ana also $16,814,300 of Mloh.
Central stock, leaving $1,883,600 still outstanding.
In Jan., 1904, dividend rate on Lake Shore stock was raised "from
7 to 8 p. c, equal to an increase of $450,000 annually in the other
Income" of the N. Y. Central. V. 77, p. 2390; V. 79, p. 1336.
In April, 1902, $15,000,000 stock was Issued at par to provide new
rolling stock, and on Apr. 16, 1902, the stockholders voted to increase
the stock from $1 15,000,000 to $150,000,000 $16,912,900 of the new
stock being subscribed for by stockholders pro rata at $125 per
•hare. V. 74, p 151. A portion of the proceeds will be used for the
substitution of electrloity for steam on New York suburban division
and New York terminal improvements, estimated to cost $20,000,000,
to be completed ab >ut 1908. These Improvements are expected to be
largely self supporting. (V. 74, p. 151. 776; V. 75, p. 240, 290; V. 76,
p. 266, 331. 1085, 1408; V. 77, p. 350, 2159; V. 78, p. 2442.)
In 1904 $50. 00,000 four per cent debentures were authorized, of
which $30,000,000 were sola to pay balance required for terminal facilities and other improvements. The debentures are to oc secured
&
.
&
1904 (est). $20,914,900 $7,012,700 $1,514,200 $5,471,100 $3,055,800
1903 (act). 20 99S.245 6.854,814 1.282,600 5,118,758 3,018,656
Dividends of 1*4 p. c. quarterly called for $1, 653,100.
Annual Report.— Report for 1903-04 was <lven at length In V. 79,
1325, 1335, 1453. See also editorial p. 1435.
1904.
1903.
Tears end. June 30.
Miles June 30
3.490
3,422
Freight earnings
$46,233,676 $46,858,713
PasseDger earnings
24,050,151
23,581,576
7.398.394
Hail, express, eto
7,165,489
$77,«8z,2*l $77,605,778
Total gross earnings. .
Net earnings
$21,922,1*0 $24,146,464
Other income
6,005.981
5,272,744
Net Income
$27,928,141 $29,419,208
$9,421,474
Deduct— ftentals paid
9,466,767
Interest on debt
7,092,483
7,299,968
p.
Taxes onstook
Taxes on real estate
815,103
2,4=>1,900
1902.
3,320
$40,^59,779
23,807,085
6,437,004
$70,903,868
$24,040,379
4.876,023
$28,916,402
$9,174,239
7,688,333
869,736
2,595,728
271,648
300,000
794.292
2,687,737
191,433
300,000
(5)6,604,158
1,75Q,"00
386,025
Reserved for deb'tures...
300,000
(5)5,961,411
Dividends
(5)6,612,500
1,750 000
7Q7.099
Speoialimpr'mentfund..
$305,307
$370,U6
Balance from operat'n...
$J6,264
Pres., Wm. H. Newman; Chairman, Chaunoev M Depew; Treas., E. LW. K. VanRosslter; Sec, Dwlght W. Pardee. Directors (July, 1904)
derbilt, F. W Vanderbilt, C. M. Depew, S. F. Barger, J. Pierpont Morgan, William Rockefeller, Hamilton MoK. Twombly, William H. NewMiscellaneous
,
:
man, Charles O. Clarke, D. O. Mills, William Bliss, George
and Jas. StUlman.— (V. 79, p. 1325,1335, 145 8,1642.)
S.
Bowdoln
New York Chicago & St. Louis RR.— (See Map of New York Cen-
dk Hudson River.)— Owns from Buffalo, N. Y., to Illinois State Line,
except 8 miles leased between Dunkirk and Silver Creek, leaving 494
miles leases the proprietary line, Chicago A State Line RR.. 111., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek,
8 miles: total. 512 miles; trackage In Buffalo, N. Y., 1>« miles, and
Grand Crossing Chicago, 111. (Lake Shore RR.). 9 miles.
History.— "Nickel Plate" road, foreclosed and reorganised In 1887.
Stock.— Lake Shore & Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
tral
;
Dividends.— ) '93.
'94. '95. '96. '97. '98. '99.
5%02%0
'00.
'01.
'08 to '04
5
5 yearly
2
3 yearly
2dpref
)
Bonds.— A sinking fund of $100,000 per year is provided when net
earnings are $900,000 or upwards, if bonds can be bought at or below
102; if not, the sinking fund lapses for that year, thus leaving $100,000
more for dividends. The issue of bonds, $20,000,000, has been reduced
by sinking fund. See mortgage abstract, V. 45, p. 541.
Earnings— For the 6 mos. ending June 80:
Bal., sur.
Charges.
Net.
Oth. inc.
Oross.
6 mos.
*3l.\806
$22,664
$632,668
$925,810
1904
$4,337,237
352,243
633,358
24,541
4,185,985
961,057
1903
Report.— Report for 1903 was in V. 78, p. 1779. Principally a freight
line, freight in 1903 contributing $6,902,380 out of $8,448,380
1901.
1903.
1902
Tear ending Dec. 31—
$8,448,320 $7,138,899 $7,485,484
Gross earnings
5,211,626
6,314,«27 5,034.253
Operating expenses
756,000
626.416
585.000
Additions and betterments
Netearnlngs
$1,507,277 $1,519,645 $1,517,858
32.291
40.125
50.709
Other income
Net, including other Income
$1,557,986 $1,65^,770 $1,5 0,149
777,000
777,000
777,000
Interest on bonds..
154,217
185.649
176,738
Equipment trust charges
Dividend on 1st pref.*
(5)250,000 (5)250,000 (5)250,000
3)330,000 (3)330,000
(3) 330.000
Dividend on 2d pref.*
$38,927
$17,121
Balance, surplus
$24,248
H. Cannifl.— (V. 78, p. 840, 343. 1779 )
Pres.,
New York A; Greenwood Lake Ry —(See Map of Erie RR.)—
Owns from Jersey City, N. J., to Greenwood Lake, 39 miles, and
branches to Rlngwood, etc., 8 miles; Watchung Ry., Forest Hill to
Orange, N. J., 4 m.; total owned, 51 m. Stock, $1 00,000; par, $50.
Lease.—On May 1, 1896,was leased to the Erie RK. for 999 years from
May 1, 1896. Prior lien bonds are guaranteed-prinolpal and Interest,
by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
1st pf. in Mar. >
3
4
5
(
Wm
New York & Harlem RR.— Owns New York
N. Y., 136 miles.
Also
owns Fourth Ave. Street RR.
City to
Chatham
Oct., 1904.
RAILWAY STOCKS AND BONDS.
1835
RAILWAY STOCKS AND BONDS.
1836
[Vol. lxxix.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
For explanation of column headings, Ac, see notes
of
of
Par
Outstanding Rate per When Where Payable, and by
on first page of tables.
Road. Bonds Value.
Cent.
Payable
Whom.
New York New Haven & Hart.—Stock.
$100 $80,000,000 3 in 1904
1893 100 Ao.
185,300
4
Bee text
Debentures, mostly exchanged for stock 1903 o*
Deben. ($5,000,000 are 4s), non-convert
c<fer
Deb. (for Cent. N.E.* W.),$5.000.000,g.,non-con.
Deben (ft r F.
& W.), $10,000,000 authorized.
N. Y. Prov. & Bos., gen. M. (now l8t).g.,ass'dc<fer
Shore Line 1st M., N. Hav. to N. London, assumed
Honsatonlc old consolidated mort. (assumed)...
New oonsol. M. ($3,000,000) g. (assumed) F.c*
H. R. & Por 2d (now 1st) gu. (V. 56, p. 813>.F.c<fcr
Har. Rtv.&Port.lst.M.,g., $15,000.01 O.Us.c\fcr
New Haven Steamb. M., g., ass'd, call aft. 1904..
Bonds of Proprietary, etc., Lines:
Bos. & N.Y. Air L. 1st M., N. H. to Wllllman., Ct.c*
Danbury & Norwalk con. M. ($100,000 are 6s). c*
Genl. M..Danbury,Conn.,to Wilson Point, Ac.c*
Naugatuck 1st mort., g., guar. p. &i
o*&r
'97'01
62
49
90
90
12
12
1904
1904
1892
1880
1880
1887
1881
1904
1899
51
36
1880
1880
1883
H
36
61
Debentures
• >•
New Haven & Derby, consol. mortgage
c*
N.H. A No., con. s. f $15,000 p. yr., not dm. Un.c*
13
98
28
10
.
Northern Extension bonds
c*
Holyoke A W., leased, mtge. $200,000, guar..o*
New England and Old Colony— See those cos.
Providence & Worcester 1st mortgage, currency
51
Nan. B'ch, 1st M. ($240,000 own. N.Y.N.H <fc H.)
7
N.T.O.dt
Ret. (1st) M. $20,000,000, g. .Me o*&r Text.
New mort., $12,000,000, gold. red. 1 (see text)
Gold notes, sec. by 1st M. on Soranton Coal Co.
. • •
Do g., sec. by 1st. M. on Elk H. C & I ,due s a.c* ....
Car trusts, ser. A, $57,000 payable soml-ann.lTIa
Car trusts, ser. B, $37,000, payable semi-ann. ^l e
....
W—
1
Car trusts,
Car trusts,
ser. O,
ser. D.
$22,000, payable semi an
part due semi-annually. ..
Me
500 Ac.
1,000
l.OOOAo
500 Ac.
1,000
1.000
1,000 Ac
500 Ac.
1,000
1,000
1897
1880
1892
1904
1899
1900
1902
190 2
1903
1904
1,000
1,000
1,000
1,000
1,000
1,000
York Jersey
Owns one completed tunnel, known
as the North Tunnel, under the Hudson River between New York Citv
(Manhattan Borough) > nd Jersey City, and a parallel tunnel, known
as the South Tunnel, which has been completed for 2.000 feet. The
length of the under-river section of the tunnels is 5,600 feet. In N»-w
York City the approach in Sept., 1604, had baen completed from the
river front under Morton St. to the corner of Greenwich St. The
terminals in New York City will be at West 10th and Hudson streets
and possibly also at 33d St. and 6th Ave. V. 78, p. 1110. Will be operated independently by electricity, with trains of the New York Subway type. The entire tunnel is expected to be completed in 1905.
V. 76, p. 436. Has perpetual franchise from city of New York, but
rentals are to be readjusted every 25 years. See V. 75, p. 77. 1354.
Hudson & Manhattan RR to tunnel from Jersey City to Cortland 8t.
is controlled by triendly interests.
V. 76, p. 705, 1249.
Incorporated in New York on Feb. 11, 1902, as successor of the HudBon Tunnel Ry., sold In foreclosure per plan V. 73, p. 1313 (see also V.
70, p. 996 and 1149).— V. 74, p. 380. Stock, all issued, $8,500,000, of
which $3,500,000 is 6 per cent non-cumulative preferred; par of
shares, $100. Of the $7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers.— President. Wm. G. McAdoo; Vice-Presidents. Walter G.
Oakman and Edmund C. Converse; Secretary, Chas. W. King; Treasurer, Henry
Murray; Asst Treas., K. B. Conger; directors, V. 74, p.
577; V. 76, p. 436. Office, 15 Wall St., N. Y.-( V". 79, p, 681, 1332.)
,
A
New York Laekawanna A: Western Ry.—Blnghamton to Buf-
and Internat'l Bridge and branches, 214 miles, of whloh the main
213 miles, is double track; Delaware L. A W. has a lease for duration of charter from October, 1882, giving a guaranty of the bonds and
per cent yearly on the stock. See form of guaranty of terminal bonds
5
in V. 67, p. 1357 see also V. 68, p. 283.
New York Lake Erie & Western RR.— See Erie RR. Co.
New York New Haven A Hartford RR.— Covers Southern
Hew England and the only direct routes between New York and Boston.
falo
line,
;
—
^Anes Owned in Fee
Miles.
Junction near N. Y. City to
Springfield, Mass
122
Lines to Providence, Pittsfleld,
Leased (part Owned.)
Miles.
Eng. RR. (whiohsee)
536
Old Colony RR. (which see). .616
Lines Leaned
Litchfield, etc
316 Providence A Worcester
48
Leased and Controlled—
Other lines
54
Lines to Turner's Falls, eto
268 Trackage to N. Y. City, etc.... 55
Other lines
43
Total oper. July, 1904i90 miles has four and 685 two tracks).. 2,05
Early in 1904 acquired a majority of the Cent. New England Ry. stock
and income bonds and control of the stook of the Fair Haven A West
ville Electric RR., 116 miles. V. 78, p. 702,768, 989. 1168.
Controls Fall River, Prov. A Ston., New Haven, New London &Nor.
wlch and Bridgeport SS. lines. V. 78, p. 2335: V. 70. p. 842 V. 71, p
643 V. 73. p 721 V. 76, p. 480 European connections see V. 75. p.
794,981. Providenoe Terminal Co., V. 78, p. 1110.
In 1904 consolidation of various ontrolled elect! ic railwavsin Connecticut and Massachusetts, viz
Fair Haven A Westvil'e, Woroester
& Conn. Eastern, Meriden Eleotrio. etc. aggiegating 275 miles, was
effected under name of Consolidated Railways, the latter of whose
stock ($10,000,000) is all owned. See also V. 79, p. 270, 1263, 1332
1462. See New Haven, Conn., in Street Railway Seotion.
As to plans for six tracking Harlem River branch and establishing
rapid transit from New Rochelle to N. Y. City, sec V. 79 p. 903, 1263
In Oct., 1904, negotiations for control of the N Y. Ontario A Western
Ry., it was understood, were pending. V. 79, p. 1705.
Capital Stock.— Stock authorized, $100,000,000. In 1903 $16211,900 was Issued in exchange, $ for 9, for convertible debenture's
and $6,753/ 00 at $175 per share to pay maturing bonds, new rolling
stock, etc. Early in 1904 the outstanding stock was increased to $80
000,000 by sale of $2,349,500. V. 78, p. 584, 1168; V. 7^, p 1263.
Dividends.-) 1873-1893.
1894.
1895 to Sept ,'04, (lnol.)
Per cent. S 10 yearly.
9
8 (2 per cent quar.)
Bonds.— The $7,500,000 fifty-year 4s which have been sold dated
June 1, 1904, are a direct obligation of the N. Y. N. H. A H. and further secured by a mortgage on the Harlem A P< rtchester RR.. 12
miles, subject to the lien of the $1,000,000 of 4s due 1911, for which
a like amount is reserved The proceeds will be used for six-tracking
and improvements on the Harlem Division. The Naugatuck RR. 4s of
1904 are guaranteed, principal and interest. V. 78, p. 1447, 1549: V.
'
New
—
;
;
;
1,500,000
250.000
17,937,000
See text.
1,850,000
2,975,000
171,000
222,000
132,000
330,000
,0OOAo
RR.—
&
1,200,000
700,000
200,000
1,000
'
3*n
500,000
500,000
150,000
2,500,000
214,000
575,000
100
1904 l.OOO&o
1902
1888
1,000
1879
1,000
1881
1,000
1891
1,000
Lease.—The pr< p 3rty (except the horse railroad) was leased April 1
1873, for 401 years, to the N. Y. Cent. A Hudson River RR. for interest
on bonds and dividends at rate of 8 p. o. yearly, since increased to 10
p. o. through refunding of bonds, payable Jan. and July.
V. 70,
p. 740, 1049, Y. 71. p. 29, 1220; V. 78, p. 2335. The street railway
was leased in July, 1896, to Metropolitan Street Ry. Co. for 999 yearsrental is $400,000 yearly, equal t<> 4 p. c. per annum on stock, payable
April and October. V. 62, p. 1088.
In Oot., 1899, made a surplus distribution of 25 p. c— (V. 78, p. 2335.)
New
10,000,000
5,000,000
9,666,700
1,000,000
200.000
100,000
2,839,000
1,000,000
7,500,000
225,000
•M30 New Haven, Co.'s Office.
A.
A O.
A S.
& A.
& O.
A O.
A S
A O.
A N.
A D.
A N.
A O
A A.
A J.
A O.
4g. M.
N.
A
4
4g.
31a
4g.
4J*
4
5
4
4
5
K.
g-
5
A
F.
6
J.
5
&
3ifl
-
903, 1263.
79, p.
In 1904 $5,000 000 4 p. c. debentures were sold to purchase control
of the Central New England Ry. and $10,000,000 of 3»d p c. debentures were authorized to acquire the stock ($5,000,000) of the Fair
Haven A Weetvllle (Electric) RR. 116 miles, on the basis of $200 in
debentures for $100 Fair Haven stock. V. 78, p. 702, 768, 989, 1168
When Dae
Sloe ks— Last.
Dividend.
Sep.30,'04,
N. Y., Lincoln Nat. Bk.
Apr.
1,
Men.
New York.
1,
1,
1,
1,
1,
1,
Feb.
Apr.
Apr.
New York.
Moh.
New Haven, Conn.
Apr.
N. Y., Farm. L. A Tr. Co. Nov.
N.Y.,Chemioai Nat. Bk. June
New York.
May
N. H., Nat. N. H. Bank.
N. Y., Lincoln Nat. Bk.
N.Y., Lincoln Nat.
June
Bank Aug.
New Haven ,Conn.
1,
1,
1,
1,
May
1,
1,
1.
1,
Oct.
1,
July
do
do
do
do
New Haven, Ct., Treas.
New Haven, Conn.
do
do
do
do
do
do
Apr.
2%
1908
1947
1914
1954
1942
1910
1910
1937
1911
1954
1919
1905
1920
1925
1954
1930
1918
1909
1911
1911
A N.
May 1,
6
A O.
Apr. 1,
5
A O.
Apr. 1,
4
A O.
Apr. 1,
A. A O. Prov.,R. I. Hosp. AT.Co Oct. 1, 1947
4
2ifl
A. A O. Treas., Old Col., Boston. V. 72, p. 675
Offioe,56
4g. M. A S. N. Y. Offloe,56 Beaver. June 1. 1998
New York.
4g. Semi-an
1954
5g. F. A A. N.Y.,N.Y. Sec.&Tr.Co. Ag.'04-Feb.'ll
5 g. J. A D. N. Y., Morton Trust Co. Dec'04 l*ne'15
4*ag. M. A 8. N. Y., Manhat. Tr. Co. To Mar., 1906
4i<jg, J. A D
do
do
To June, 1907
do
do
5 g. M. A N.
M*y'05-M'y'08
5 g. A. A O.
do
do
Ap. '05 Ap.'09
M.
5
A.
A.
A.
223, 2335; V. 79, p. 1263. There are $25,000 Colohester RR. first 7b
1, 1907.
Under the lease "assumed" the debt of Old Colony.
In Mar., 1901, $5,000,000 non-oonvertible debentures were authorized. V. 72, p. 627; V. 73, p. 721; V. 75, p. 729; V. 78, p. 584.
Leased Line Stocks.—The stocks of the leased lines unexchanged
on June 30, 1901, or later, and the dividends payable thereon are shown
below, the shares being all $100 each excepting Danbury A Norwalk,
whloh are $50 eaoh. The leases are for 99 years.
Stocks—
Total issue.
Vnexeh. Divid'd. Period.
Berkshire
$600,000
$599,000
6 p. 0. Q.— J.
B. AN. Y. Air Line pref
2,998,500
1,396,000
4 p. 0. A. A O.
1
due July
do
do
common.. 898,500
Danbury A Norwalk
$600,000
tfaugatuck
N. H.
A Derby
New England, common
do
do
preferred
Old Colony
Pawtuxet Valley (par, $ (?)).
Stookbridge A Pittsfleld.
2,000,000
447.000
20,000,000
5,000,000
16,608.900
.
100,900
448,700
.
154,700 Pays no divid'd.
$152,925
5 p. 0. J. A J.
1.006,400 10 p. o. J. A J.
21.600
4
J. A J.
52,500 Pays no divid'd.
74,100 3 p.o. Oot.31,&c
11,089.900
7
Q.-J.
100,900
7 p. 0. J. A J.
437,700
Q.-J.
6
held third Wednesday in Oot
Annual Report.— Annual meeting is
Report for 1903-1904 was in V. 79, p. 1263,
Tr. end. June 30.
1904
1903.
Miles operated..
2,031
2,037
Pa8sengerearns.$23.425,l73 $22,953,017
Freight earns... 24,413,541
23,926,150
Miscellaneous.
444,195
416,910
Gross earnings. .$48,282,909 $47,296,077
Net earnings
$13,123,698 $12,341,054
Other income. . .
906,436
5 65,818
Tot. net income$14,030, 134 $12,906,872
Int. on bonds...
$779,667
$1,137,052
Other Interest..
279,993
52,912
Rentals
4,420. 283
4,J01,546
Taxes
2,455,434
2,385.389
Dividends
(8)6.006,44S (8)4, 618,438
_
Balance
sur.$88,309 sur.$i08,534
1332.
1902.
2,038
$21,223,631
21,871,642
425,814
$43,521,087
$12,247,213
613.060
$12> 60,273
$1,305,838
4*6
1901.
2,038
$19,853,093
19,864,701
414,517
$40,132,311
$12,083,332
562,560
$12,646,391
$1,166,967
1,858
4,451,654
2.367,636
( 8)4,294.738
sur.$363,548
4,464,711
2,410,380
( 8)4,296.568
sur/$i) 82,290
Mellen, Wew Haven; Seoretary, John
Officers.— President, Chas. 8.
G. Parker; Treasurer, Augustus S. May, New Haven, Conn.
Directors.— William Skinner, Holyoke, Mass.; W. D. Bishop, Bridgeport, Conn;
Chas S Mellen, New Haven, Conn. J. Pierpont Morgan, William Rockefeller,
II. McK. Twombly, George McC. Miller, Richard A. McCurdy, New York; D.
Newton Barney. Hartford, Conn.; Charles F. Choate and Nathaniel Thayer,
Boston; Kooen W. Taft, Providence; 'C. F. Brooker, Ansonia, Oonn.; 1. De V.
Warner. Bridgeport; J. M. Hall, Arthur D. Osborne, Geo. J. Brush. New
Haven: Frank W. Cheney. South Manchester; Edwin Milner. Moosup, Conn.
-(V. 79, p. 270, 501, 903, 1263, 1332, 1462, 1705.)
;
New York ic Long Branch RR.—Perth Amboy to Bay Head, N.J
38 miles. Leased in 1888 for 99 years to Penn. RR. and Cent. RR. of
N. J., whloh Jointly and severally guarantee interest and 7 per cent on
$2,000,000 stock, all owned by Cen. RR. of N. J.— (V. 72, p. 438.)
New York Ontario & Western Ry. —(See Map.)— Operates
from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Ownea—
Oswego to Cornwall, N.Y
Branoh to New Berlin
do
to Delhi
do
to Ellenville
272
22
17
8
Total owned
319
Trackage (till 2079) W. Shore RR.:
C'nwalltoW'h'ken(V.61,p.425) 53
H See this Co.
Road
Miles.
1
:
Bonds— Principal,
Controlled, die.
sport Conn, (leased)
Miles.
4
Ontario Carb, A S. (leased.)
Cadosia,N.Y.,toScranton,Pa. 54
Rome A Clinton (leased)
IT 13
Utioa Clinton A Bing. (leased). H31
Wharton Valley (owned)
7
1
'tick
Ellenville A Kingston (leased) 27
Port Jervls Mout. A Summitv.
(owned and leased. V. 77, p.
41
650.)
Total operated July 1,1904
549
Organization.— Successor in 1879 of N.Y. A Oswego Mid., foreclosed.
Stock.— Stock Is $58,117,982, (par,$100), of which $4,000 Is old pref.
Bonds, Etc.— Refunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. A Soranton Ry.,
54 miles, and all other property hereafter acquired. The balance
unissued
is
Mortgage
available for additions, eto.
of 1904, see below.
V. 72, p. 87; V. 78, p. 2012.
general Finances.— The stockholders will vote on Nov. 7, 1904, on
authorizing a new mortgage for $12,000,000 to provide funds for capital requirements, under which $2,000,000 may be issued Immediately
and the remainder will be reserved for future needs II the mortgage
is authorized, a 3 p. c. dividend (calling for about $1,740,< '00) will be
declared on the common stock, vesting in he shareholders directly
the right to elect the entire board of directors. See V. 79, p. 977 to
1
980.1332,1462.
Early In the oalendar year 1899 the coal properties at Soranton,
Pa., of the Lack. Iron A 8teel Co., (the capacity of the collieries
then open being about 700,000 tons per annum) were purchased by
the Soranton Coal Co. aided by loans from the N. Y O. &
the latter
issuing Its $2,500,000 5 p. 0. notes (reduced to $1,850,000 July 1,
1904), extending over a period of years secured by first mortgage on
the coal property, and loaning $1,475,000 (of which $305,000 has
,
W
,
Oct.. 1904.1
RAILWAY STOCKS AND BONDS.
1837
RAILWAY STOCKS AND BONDS.
1838
RAILROADS.
For explanation of column headings,
on first page of table.
&o., see notes
dt Ottawa.— Reo. certif., red. aft. June 15, '04.
M., $3,500,000
Mo.x.c*&r
N. Y.PhUa.dt Norfolk— 8took, $2,000,000
0*
IstM., $3,000,000, gold..
Income mort., g., non-oum., reg, ($1,000,000)
N. Y. dt Putnam.— ^.Y. & No., 1st mortgage, gold.o
N. Y. &P. con., $6,200,000, g., gu. p.&i. end.Cn.o*
N. Y. <t Rock. B'h.—Xst M., $1,000,000, g., gu.Ce.c*
2d M. Income bonds, non-cumulative. Ce
r
N. F. Susq. <t TTe»<erw^Mldland RR. lstM.,g.Ce.o*
Paterson Exten. RR. 1st M., real estate, s. f.,g.o*
Jf.
F.
1 at
FP
FP
A
N. Y. Susquehanna
Western, 1st mortgage
1st mortgage, refunding, gold.Ce
o*
2d mort. ($1,000,000 gold) 3d M. on 72 m.Ce.o*
General mortgage for $3,000,000, gold
Ce.o*
Collateral trust bonds, subject to call, cur.N..
Terminal 1st mort. for $2,000,000, gold..Us.o*<fer
Miles Date
of
of
1900 Various
1897 l.OOO&c
50
1,000
1899
1899
1,000
1887
1,000
1894
1,000
1887
1,000
1887
1,000
1880 500 &0.
1,000
1881
128
128
112
112
57
57
12
12
72
1
1887
1,000
1,000
1887
1890
1,000
1,000
1895
1893 l,000&c
127
127
127
Wllkesb. & East'n, 1st M., gold, guar. p. & i.Ci. .o*
Susq. Connect. RR. 1st M. g.,red. at 105, gu.Mp o
Middletown Un. & W. G.—See that company.
Passaic & N. Y., 1st mort., (999 years, rental)...
Macopin RR., 1st mort. (br'ch to Macopln Lake)
N. Y. 8. & W. Coal Co., 1st M. red. at 110, s. f...o*
N. Y. & Wllkesbarre Coal Co. let mortgage... Co
N.Y. Tex. dt Mex.— 1st. M.,g.,$or £,gu.by 8o.Pac.Fo*
Matagorda Division 1st mortgage. Ce
Norfolk dt Portsmouth Belt Line— 1st mort.
91
54
6
Norfolk dt Carolina-Bee Atlantic Coast Like RR.
Norfolk dt Southern Capital stock
1st mortgage, $10,000 per mile, gold.
o*
p
192
192
—
M
New mortgage
been repaid) seoured by a second mortgage, the O.
65
10
1892
1897
3
2
1885
1896
1887
1893
1882
1904
1898
& W.
1,000
1,000
500
1,000
500
X
100
....
1891
1904
&$
1,000
1,000
1,000
obtaining con-
tract for entire tonnage. V. 68, p. 41, 429. V. 69, p. 604,646.
In November, 1900, eight independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hill Coal <fe Lron Co., the N. Y. O. & W. issuing its $3,500,000 5 per
cent sinking fund first Hen gold notes secured by the Coal
Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June L1901, to June 1, 1911, and thereafter $200,000 semi annually to Deo. 1, 1915. In the event of any additional mortgages
being placed on the railroad properties besides the refunding mortgage, the notes are to be secured pari passu with such new obligagatlons. The Elk Hill Co. also made a second mortgage to the N.
O.
4 W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The company's coal tonnage is derived as follows: Soranton and Elk
Hill companies (as above stated) total maximum oapaoity, 2,700,000
tons; other companies, 300,000; washeries, 800.000 tons.
&
Y
,
Control, In
Oct., 1904, the New York New Haven &
was reported, was negotiating for control.
Earnings.— For 2 months ending Aug. 31
2 mos.
1904
1903
Gross.
Hartford.lt
V. 79, p. 1705.
Charges.
Xet.
Bal., sur.
$5*4,196
$115,450
$418,746
482,228
131,383
.350,845
Report.— Report for 1903-04 was given at length in
$1,349,376
1,364,087
Annual
V. 79, p. 965, 977.
Goal traffic In 1903-04, 2,890,225 tons (out of
4,315.422 tone), against 2,521,179 In 1902-03.
Tear ending June 30.
1903
1904.
1902.
Gross earnings
$6,652,484
$6,176,518
$5,456,696
Operat'g expenses and taxes. 5.072.938
4,557,087
4,157,754
Balance, net earnings.... $1,579,646
$1,619,431
$1,298,942
Tot. net income, inol."other."$2,051. 194
$2,021,368
$1,810,917
Interest on mortgage bonds..
683,758
677,480
677,480
Mlsoell.lnterest and discount
271,638
280,047
277,032
Rentals paid
208 ,968
202,870
197.446
Balance, surplus
~£860,971
$886^828
*658,959
Pree., Thoe. P. Fowler.— (V 79, p. 977, 1266.1332, 1462, 1705.)
York 4c Ottawa
TupperLake, N. Y.,to Ottawa, Can.,
128 miles. Stock, $2,540,000. In Apr., 1900, Henry W. Gays was
appointed receiver. V. 70, p. 842. In July, 1900, $585,000 receiver's
oertifloates were authorized. V. 71, p. 135; V. 77, p. 37
Foreclosure
sale under first mortgage postponed 6 months from June 22, 1904;
all the first and nearly all the second mortgage bonds have been deposited with Spencer Trask & Co. under a bondholders' agreement, but
no reorganization plan had been formulated to October, 1904. V. 75, p
394, 794. There are $63?,000 seoond mortgage Incomes outstanding. Year ending June 30, 1904, gross, $233,297. Coupons of May,
1899, and since In default.— (V. 77, p. 37, 2036; V. 78, p. 49, 288.)
York 4c Pennsylvania Ry.—V. 79, p. 501.
York Pennsylvania 4c Ohio Kit.— See Erie RR.
New
New
New
New York
RR.—
Philadelphia
6c
Norfolk
RR.—Delmar,
Del., to
to Crlsfleld, 17 miles.
Securities.— Stock, $2,000,000, all outstanding, par, $50; repreeented by negotiable truet certificates Issued by Fidelity Insurance
Trust
Safe Deposit Co. of Phila. Of the $3,000,000 1st 46, $400,000
are reserved for improvements. V. 68, p. 773, 978. Ae to Incomes,
see V. 68, p. 978. Interest on lnoomes, 2 p. c, semi-annually paid
Nov. 1, 1899, to May, 1901, both Inclusive. Dividends on stock, 1901,
6 p. c; 1902, 5 p. c; 1903, 6 p. o 1904, June, 3 p. o.
Earnings.— Year ending June 30. 1903, gross, $1,710,469; net,
$456,455; other income, $1,001; charges, $289,462; dlv. (5^ p. c).
**
'
$102,859; bal., sur., $65,135. (V. 76, p. 1030.)
Cape Charles, Va., 95 m., and King's Creek, Md.,
A
;
New
Pntnam RR.—
York 4c
Owns 155th Street and 8th Ave.,
N. Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles;
double-track branch to Yonkers, 3 m.; operates 2 m.; total, 59 miles
Hmtort.— Successor to the N. Y. & Northern, sold under foreclosure
of 2d 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
DeelBlon, V. 74, p. 380; V. 77, p. 2339. Stook, $6,500.000 par, $100.
Bonds.— The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for improvements; also
$1,200,000 to retire at maturity the first 5s.— (V. 77, p. 2239.)
York 4c Rocka
Reach Rj.—(See Map Long Island R R.)
—Owns from Glendale Junction to Rockaway Park, 10-31 miles, with
branch, 1-43 miles; total, 11 74 miles double track, mostly 80-lb.
steel. 8tock, $1,000,000; par $100.
Leased in perpetuity In 1903
by Long Island Railroad Co., whose endorsement is printed on first
mortgage bonds. On June 30, 1903, $101,000 firsts owned by L. I
RR. were deposited under its unified mortgage, together with $905,333
of the inoomes. Year ending June 30, 1903, grose, $384,491; net,
$163,069; other income, $3,366; bal. over charges expended for Improvements.— (V. 66, p. 1046; V. 77, p. 20.98.)
York Short Line
To build a out-ofl for the Reading
Co. between Cheltenham and ISeshaminy Falls, 9^2 miles. Construction begun May, 1904. V. 79, p. 1038. To be four-tracked, two tracks
to be laid at prei-ent and on two miles three tracks. Stock, $250,000,
all owned by Reading Co.
Guaranteed bonds, It was supposed would
be Issued.- (V. 78, p. 2335.)
;
New
New
way
RK.—
New York Snsqnehanna
4c
Bonds— Prin ol-
INTEREST OR DIVIDENDS.
Size, or
Amount Rate per When Where payable, and by pal.When Due.
Par
Stocks—Last
Road. Bonds Value Outstanding
Cent.
Payable
Whom.
Dividend.
Allied companies—
GP
[Vol. lxxix.
Western RR.— (See
Erie Map.)
History.— In 1898 the stook was mostly exohanged for stook of the
Erie RR., which operates the line Independently. V. 66, p. 53, 83, 759.
& J. Of.rec, 54 Wm. St.,N.Y. Jan. 15, 1905
&N. Nov.,'98,ooup.laBt paid. Nov. 1, 1917
Checks mailed.
J. & D.
June, 1904,
J. & J. Phila., 26 So. 15th St. Jan. 1, 1939
M. & N. Checks mailed (see text) Jan. 1, 1939
New York City.
A. & O.
Oct. 1, 1927
A. & O. N.Y., Gr. Cent. Station. Oct. 1, 1998
M. & 8. N.Y., D. 8. M.&Tr. Co. Sept. 1, 1927
A. & 0. N.Y.,Of.21 CortlandtSt. Apr. 1, 1910
do
J. & D.
do
June 1, 1910
J. & J.
July 1, 1911
do
do
J. & J.
Jan. 1, 1937
F. & A.
do
do
Feb. 1. 1937
F. & A.
do
do
Aug. 1, 1940
do
M. & N.
do
6
May 1, 1905
do
do
May 1, 1943
5g. M. & N.
do
do
June 1, 1942
5g. J. & D.
do
do
Mch. 1, 1907
6g. M. & S.
do
6
J. & D.
do
Deo. 1, 1910
do
J. & D.
do
Deo. 1, 1916
5
M. & 8.
do
6
do
Mch. 1, 1913
M. & N. Nov., '02, n't pd.wh.due Nov. 1, 1933
6
4 g. A. & O. N.Y..8.Pao.Co.;London. Apr. 1, 1912
J. & J. New York, 120 B'dway. Jan. 1, 1934
6
F. & A. Phila., Fidel. Trust Co. Feb. 1, 1939
5
$565,000
6
J.
1,728,000
4 g.
2,000,000 6 in 1903
2,600,000
4 g.
1,000,000
4
1,200,000
5g.
4,025,000
4g.
984,000
5 g.
1,000,000
3,500,000
6 g.
250,000
e|.
5,000
6 g.
3,745,000
5g.
447,000
4iflg.
2,551,000
5g
232,000
2,000,000
3,000,000
125,000
M.
70,000
44,000
359,000
450,000
al,465,000
842,000
250,000
a There are also $53, 000 not guaranteed.
2,000,000 See text. Q.-J. N. Y., Metrop. Tr. Co. Oct. 11/04,2%
1,655,000
& N.
do
do
May 1, 1941
5g.
See text.
M
Owned (infee) or entire 81 k. Miles. Susq. Connecting RR
10
Jersey City to Gravel PL, Pa.. 101 Other branches
25
[Double traok 19 miles.]
Lines leased, etc.
Miles,
Two Bridges, N. J. to Unlonville 21 Mlddletown Un. & Water Gapff 14
Wllkesbarre <fe Eastern
65 Trackage
2
Total road operated (Usee this oo.) June 30, 1904
238
Stock.— Pref., $13,000,000; com., $13,000,000, of which the Erie
owned June 30,jl904, $12,378,900 common and $12,892,400 preferred,
of which $6,630,000 common and $6,630,000 preferred are deposited
under its Pennsylvania collateral trust mortgage. Dividends on preferred, Nov., 1891, to 1892, 2ifl p. o. yearly; None sinoe.
Bonds.— General mortgage 5s, bonds are reserved to retire the
seoond mortgage 4>«s. See mortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment of an assessment.
Ae to terminal bonds listed in Sept., 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The Wilkesbarre dt Eastern
1st 5s are unconditionally guaranteed. V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 eaoh MAS.
Earnings.— 2 mos., > 1904
Gross, $391,771; net, $118,858
July 1 to Aug. 31. s 1903
Gross, 482,820; net, 201,379
,
Report- For 1903 04
Year.
Gross.
In
Chronicle
Net.
Oct. 29 showed on 238 miles.
Oth. Inc. Charges. Bal., Sur.
1903-04
1902-03
-'V. 77,
$2,659,790 $1,109,812 $49,903 $942,928 $216,787
2.683.027
1,213,782
33,957
942,075
305,664
p. 951; 1291; V. 78, p. 702, 1110; V. 79, p 681,1642.)
New York Texas 6c Mexican Ry,- (See Map of Southern
Pacific.)— Owns from Rosenberg to Victoria, Texas, 91 miles; Wharton
to Van Vleok, 31 m. (unbonded); Van Vleck to Hawkineville, 17 m.;
Van Vleck to Tres Palaoios, 37 m.; Bay City to Markham, 12 m.; total,
188 miles. Stock, $630,040, of which Southern Paolflc Company owns
$615,000. There are also $53,000 old sixes outstanding. Operated by
So. Pao. Co., which guarantees the 4s, and to which is owing $982,160.
Earnings.- 7 monthe, ) 19030-4
Gross, $292,660; net, $74,821
July 1 to Jan. 31.
Gross, 288,262; net, 124,230
) 19020-3
In year ending June 30, 1903, gross, $469,542; net, $88,659; deficit
under charges, #54,979.— (V. 77, p. 401; V. 78, p. 288, 702.)
Norfolk 4c rortMinoiuh Relt Line RR.— Owns Port Norfolk
to Berkley, Va., 6 miles. Stock ,$49,600, In $100 shares. Bonds see
table. Year ending Dec. 31, 1903, gross, $92,229; net. $39,129; int.
on bonds, $12,500; other int., $664; taxes, $1,535; bal., sur.. $24,429.
Norfolk 4c Southern
Owns Norfolk, Va., to Edenton, N. C,
74 miles (ferry aoross Albemarle Sound to Maokey's Ferry, 9 miles ;)
thence road to Belhaven, 30 miles; Norfolk to Virginia Beach, 18
m.; Clapham Jet. to Man den's Point, 22 m.; Providenos to Clapham
Jot., 8 m.; Virginia Beaoh to Cape Henry, 7 miles; total main line, 159
miles. On Apr. 1, 1904, the Washington <fe Plymouth RR., 33 miles,
was merged; V. 78, p. 821, 1392. In A; rll, 1904, control was acquired
by the interests controlling the Chesapeake Transit (electric railway)
Company, extending from Norfolk to Lynn Haven Inlet and Virginia
Beach, via Cape Henry, 30 miles; the two properties will be consolidated shortly, 49 miles of the present N. & 8. to be equipped electrically; also later probably the Pamlloo Oriental & Western RR.,
under construction from Newborn, N. C. nort to Washington, 33
miles./;V. 78. p. 1549, 2599; V. 79, p 1462, 1705.
The stocti holders will vote on Oct. 31, 1904, on authorizing a general
mortgage for $4,000,000, to refund outstanding bonds and provide
for acquisitions, extensions and improvements. V. 79, p. 1705.
DiviDENDS.^July, 1892, to Oct., 1904, inol., at 4 p. o. per annum,
and in July, 1901, and April, 1904, 1 p. o. extra was also paid.
Easnings.— For 5 mos. ending Nov. 30, 1903, earnings (including
steamboats):
Grossings, #362,242; net earnings, *92,515; other
ncome, $2,77i; oharges, 443,848; dlvs.. $33,333; bal., sur., $18,305.
1
Report lor 1902-03 was In V. 77, p. 627, with balance sheet:
Y«*r—
Gross (RR.)
Net.
Other Inc. Inl.dk tax Sur. tor div
1902-3
$792,712
$194,164
$7,910
$91,338 $110,736
1901-2
709,389
174,736
13,317
92,408
95.645
Dividends paid yearly (4 per oent), $80,000. President, A. H. Flint,
15 Broad St., N. Y.-(V. 78, p. 1549, 2599; V. 79, p. 1705.)
Norfolk 4c Western Ry.— See Map.—System extends from Nor-
RR.—
;
i
folk, Va., westward to Columbus, Ohio, and northward to Hagerstown,
Md., with branohes to the various ooal fields in Virginia and West Va.
Road owned.
Miles.
Miles.
Norfolk, Va, to Columbus, O...704 Roanoke to Winston
121
Radford, Va., to Bristol, Tenn. Ill Sundry branches
226
Roanoke, Vay to Hagerstown. 238
Graham to Norton
100
Total owned June 30, 1904.1,765
Nor. Car. Juno, to Fries..
44 Columbus Oonn.di Term. RR.
4
Lynchburg to Durham, N. C
115
Portsmouth Jot. to CincinTotal
1,769
nati and Ivorydale
106 Doubletraok
150
Organization—This Railway company in 1896 suooeeded to the
property and franchise of the Norfolk <fe Western RR., etc., foreclosed
per plan, was In V. 62, p. 641. In 1900-01 Penn. RR. and controlled companies acquired control, through purchase, of over $32,000,000 of the stock. See V. 74, p. 503; alsoV. 70, p. 687, 1150. 1195; V.
71, p. 809; V. 72, p. 184,480; V. 73, p. 957; V. 78, p. 1270. The shareholders voted on Oct. 8, 1903, to acquire various branoh lines; V. 77,
Branches building June 30, 1904. see V. 79, p. 974, In
p. 299.
Apr., 1904, the Columbus Terminal & Transfer Co. was leased with
option of purchase. V. 75, p. 1202; V. 79, p. 974.
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1839
RAILWAY STOCKS AND BONDS.
1840
RAILROADS
For explanation of column headings,
on first page of tables.
Miles
&o., see notes
Par
of
Of
Road. Bonds Value. Outstanding
Norfolk & West. By.—Com. stook, $66,0OO,O00Mp
Adjustment pref. 4 % non-cum. $23,000,000. tip
....
N.&W.Gen. (now 1st) M.Norf.toBris..etc.g.FPo*
New
428
165
588
129
River division 1st mortgage, gold.FP.c*
Improvement & Extension Mort., gold
.
FP
.
.
o*
Scioto Valley & New Eng.,lstM.,as8um.,g.Ce-0*
N. & W. lstconsol. M. $62,500,000, g.OTe...c*<fcr 1,605
Dlv. l8tlien&gen.M.(text)g.,red.l05, beg.'29..G; 1,849
Pooahjt M.,$20,000,000, g., calll05,8.f.GP.o*&r
as*
Col. Con. & Term.lst M., g., gu.p.& i.(end.)Mp o*
4
Equip, trusts, g., $500,000 y'rly, beg. 1 905. FP.c*
do
Series A, gold, due $100,000 y'rly
....
do
Series B, gold, due $100,000 y'rly.
Norrist. <6 Main L.Oon— lstM.,g.,gu.p.<fel.end.GP
* 223
Morih Carolina Stock, 7 per cent rental
86
So. Penn. Stk., 8 p. c. gu.990 yrs. ,$6,000,000 auth.
56
2d M., now 1st M.( 7s extended in 1896)....o
Gen'lmort., extended In gold in 1903
o&r
86
Consol. bonds secured by $1,200,000 stock
r
.
OH
>
FP
FP
.
—
—
Funding loan bonds, $109,000
Real estate morts. and ground rents June, 1904
No. East Penn.— 1st M., g., gu.P.&R. (end.) Gn Po*
North'n Ala.— 1st
($350,000 are prior lien). K.c
Northern, (N. B..)—Stock, 6 p. c. rental
Northern Central— Stook ($20,000,000 authorized)
.
1881
1,000
7,283,000
1882
1,000
2,000,000
1883
1,000
5,000,000
1889
1,000
5,000,000
1896 500 Ac. 39,710,500
19 04 lOOO&c.
5,000,000
1901
1,000 20,000,000
1892
500
600,000
1902
1,000
3,500.000
1903
1,000,000
1903
1,000,000
1902
1,000
250,000
100
4,000,000
....
....
50
4,799,550
1866 500 &c.
1,500,000
1873
4,500,000
1881
1,200,000
1898
390,000
mmmm
26
107
83
1890
1896
1st mort., State of Maryland loan—V. 74, p. 1197
Consol. general mortgage of 1874, gold, ser. E. c
2d gen. M., series "A" & "B" (A $2,565,000) .FP
North'n of New Jersey— Stock, guar, (see V.69,p.81)
3d mortgage, now 1st, Interest guar
c
Gen. M., $1,000,000, g., int. gu. by lease. Usm.o'
1,000
1.000
100
50
mmmu
....
....
145 1855
145 1885
145 76A82
....
21
....
•--•••
1,000
1,000
100
....
1887 100 &c.
1900
1,000
Stock.—Provisions of preferred stock certificates were given in Supplement of April, 1897, page 4, said stock being 4 p. o. non-cumulative,
with preference as to assets and dividends.
p. c. ) 1897.
}
>
Preferred.....
Common
1%
1898. 1899. 1900. 1901. 1902. 1903.
%%
A.%
4%
4% 4%
2% 2VX»
1904.
4%
4
3
June, 1^
1 »s p. c; *"n 1903,3 p. o.
Bonds.—The first consolidated mortgage of 1896 is limited to $62,"
500,000, the balance unissued, less $690,511 available for improvements o» and after July 1,1^*05, being reserved to retire the underlying
bonds. The right to issue prior lien bonds has been annulled. V. 73,
p. 502; V. 74, p. 151; V. 75, p, 505; V. 77, p. 1785; V. 78, p. 229.
The 4 per cent -first consols are a first mortgage on a large
part of the system, viz., about 853 miles of railroad; upon Important terminals at Norfolk and Lamberts Point; upon the Ohio
River Bridge and the Roanoke Maohlne Works; besides being a
consolidated mortgage upon the remainder of the system, sub
They are further scoured by the
leot to the undisturbed liens.
squipment (costovei $11,000,000), oovered by the car trusts and equipment bonds taken up under the plan. See abstract In V.64,p. 376.
V. 72, p. 137.438,532,723,1080; V. 75. p. 505; V. 79. p. 213.
The N. & W. -Pocahontas Joint bonds are seoured by about 295,000
acres of coal lands owned and held by the Pocahontas Coal & Coke Co.,
whose stook is owned, of which about 50,000 aores have been leased to
companies whose stock Is all owned by the United States Steel Corporation and 39,797 to other concerns, the royalties under such leases
alone being shortly expected to be sufficient to almost meet the fixed
charges. They are subject to call at 105, beginning 1906, for a sinking
fund of 2 ^ cents per ton mined. V. 73, p. 845, 902; V. 74, p. 41, 380,
1197; V. 75, p 502. These bonds are the Joint and several obligations of the Railway Company and of the Coal & Coke Co.
The equipment trusts of 1902 ($3,500,000) were Issued on new
equipment costing $5,000,000. V. 74, p. 681; V. 75. p. 502. In April,
1904, $2,000,000 of 4 p. c. equipment notes were sold. V. 78, p. 1907.
For description of funded debt, see V. 75. p. 504.
As to new 4s of 1904, see Finances below.
General Finances.— Of the traffic In 1903 1904 60 p. o. (8,459,049
In 1902, on common, June, 1 p. c; Dec,
tons)
was bituminous
coal and coke.
The stockholders voted on June 17, 1904, to authorize $35,000,000
of 40-year 4 per cent bonds for future capital requirements. The new
bonds are to be a first Hen on extensions and branches not covered
by the first consolidated mortgage aggregating 244 miles, and upon
such extensions and branches as maybe acquired from the proceeds of
the new bonds, and also a Hen subject thereto upon the properties
covered thereby. Of the $10,000,000 bonds Issuable at once, $5,000,000 has been sold for improvements and new equipment. V. 78, p.
1549; V. 79, p. 501, 628, 973, 1642, 1704.
Earnings— For 2 months ending Aug. 31
Or oss.
1904
1903
Net.
Int., taxes, <tc.
Bal.,sur.
$1,549,776 $586,4«i0
$963,316
3.870,«4
1,629,957
525,955
1,104,002
Annual Report.— Fiscal year ends June 30. Annual meeting: is
held at Roanoke, Va., on second Thursday In October. Average rate
per ton mile 0493 cent in 1903-04, against 0486 in 1902-03; average
load of revenue freight, 488 tons, against 486. Report for 1903-04,
$3,771,158
V. 79, p. 966, 973 (see editorial p. 935) showed
1904.
1903.
1902.
1901.
Tears end. June 30—
$
$
$
$
Miles June 30
1,769
1,722
1,685
1,567
Passenger earnings
3,150,859 2,841,491 2,379,476 2,046,4^5
Freight earnings
18,894.941 17,676,349 14,594,281 13,214,164
Mail, express, &c
642,836
755,191
578,44 9
524,82 4
Total gross earnings. 22,800,991 21,160,675 17,552,206 15,785,442
Operating exp. & taxes .. 14.213,7.iQ 12,697,430 10.136,227 9,445,459
Total net earnings. .. 8,587.261 8,463,245 7,415,979 6,339,983
Total net Income
8,652,479 8,611,504 7,490,873 6,408,600
Interest on funded debt. 2,603,510 2,435,630 2,352,402 2,238,480
Interest on car trusts...
156 889
625
5,375
11,238
Def.lnt.Poc.C.&C. bonds
295,595
159,176
161,230
........
Dividends on pref
(4)919,524 (4)914,818 (4)910,014 (4)909,924
Dividends on com
(3)1,934,076(3)1,934,076(2)1,289,384(1)644,692
Miscellaneous
135,000
10,000
1,051
Betterment fund
2,000,000 2,500,000 2,500,000 1,500,000
Flood fund
Disco mt,eto
218,167
347,078
80,392
250,000
31,185
Balance
sr.$524,719 sr.185,041 sr.182.076 sr.$822,030
Officers.—President, L. E. Johnson; Chairman of Board, Henry
Fink, 27 William St., N. Y.; Sec, A. J. Hemphill. Oenvtl orhoe, Roanoke, Va; Philadelphia office. Arcade Bldg., Market and 15th streets.
Director*— Henry Fink and Victor Morawetz. New fork; L. E Johnson,
Roanoke, Va.; S. M. Prevost. Samuel Rea, N. Parker Shorti-ldae, W. H. Barnes,
Joseph I. Doran and John 1*. ureen, Philadelphia; James McCrea, Pittsburg:
Walter II. laylor. Norfolk, Va.
—(V. 79, p. 501, 624, 628, 904, 966, 973, 1462, 1642, 1705.)
Norrlstown
& main
Line Connecting
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Whom.
Cent Payable
Dividend.
$100 $64,469,200 3 In 1903
100 22,988,100 4 in 1904
....
....
.
M
DIVIDENDS,
Amount
RR.—Owns
road
3,405 feet long, including bridge over 8ohuylklll River, extending
from Norrlstown to a connection with the main line of the Philadelphia & Reading at a point above Bridgeport, Pa. The Reading Co.
owns all the $50,000 stock and guarantees the bonds.— V. 75, p. 1148.
[Vol. lxxix.
6
g.
J.
& D
F.
&
M.
<fe
Office, Philadelphia.
J'ne 17,'04,li«
do
A.
do
A.ug.19/04,2%
N. N. Y., Meroant. Tr. Co. May 1, 1931
do
Apr. 1, 1932
O.
do
A.
See text.
Feb. 1, 1934
N. If .Y., Mercantile Tr. Co. Nov. 1, 1989
6g. A. &
6g. F. &
4g. M. &
4 g. A. & O.
4g. J. & J.
4
5
g.
g.
J.
J.
4g. M.
4
4
4
7
J.
M.
M.
8
4
3 3 io g-
6
4
&
1,
1,
1996
1944
1941
1922
1,
J. N.Y., Metr'p'lit'nTr.Oo. Jan. 1,
8. Phila.. Fidelity Tr. Co. Sept. 1, '05-11
&
&
A
do
do
Jan. 1, '05-13
do
do
Mar. 1, '05-13
8 Phila., Read'g Termin'l Sept. 1, 1952
Burlington, N. C.
Aug. 1,»04, 3i«
F. & A.
Q.-F. Phila. Of., 240 So. 3d St. Aug.25/04,2%
do
M. & N.
do
May 1, 1936
do
do
J. & J.
Jan. 1, 1953
do
M. & S.
do
Sept. 1, 1905
do
M. & N.
do
Nov. 1, 1928
g-
R.
g.
do
do
Oct.
do
do
July
D. N.Y., Mercantile Tr. Co. Deo.
J.
S.
&
&
18,878
400,000
5 g. A. & O.
1.650,000 See text. J. & J.
3,068,400 See text. Q.-J.
17,193.425 8 In 1904 J. & J.
1,500,000
6
Q.-J.
1,757,000
4iflg. A. & O.
3,565,000
5
J. & J.
Q.-M.
1,000,000
4
654,000
6
J. & J.
154,000
4iflg. J. & J.
Phila., Phila. & Read'g.' Apr. 1, 1920
N.Y., J. P. Morgan* Co. July 1, 1928
Bost., 1023 Old So.Bl ig. Oct.l,*04.1Ja%
Baltimore, Treas. Office July 15/04,4%
Annapolis.
Irredeemable.
Baltimore, Treas. Office. Apr. 1, 1925
Baltimore,Treas. Office. Jan. 1, 1926
N. Y., 21 Cortlandt St. Sept., 1904, 1%
do
do
do
do
July
Jan.
1,
1,
1917
2000
RR.—
North Carolina
Owns from Gold boro to Charlotte, No.
Carolina, 221-65 miles; Carolelgh Jet., N. C, to Carolelgh Mills, 1-90
m.; total, 22355 m. Leased from Jan. 1, 1896, to theSouthern Ry. Co.
for 99 years at $266,000 (6*2 p. c. 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. State of Nor. Car. holds $3,000,000 stooks. (V. 66, p. 665).
North Pennsylvania
Owns from Philadelphia, Pa., to
Bethlehem, Pa., 56 miles; branches to Delaware River, &c, 31 miles;
second track, 54*3 miles; total track, 227 miles.
Ground rents
July 1, 1903, $47,854. Leased for 990 years from May 1, 1879, to
Phila. & Reading RR. at 8 per oent on stock, and lease assumed In
1896 by Phila. & Reading Railway. Current liabilities June 30, 1903,
$342,274.-(V. 73, p. 1160; V. 75, p. 1354; V. 78, p. 821.)
RR.—
North-East Pennsylvania RR.— Owns road from Glenslde to
New Hope, Pa., 26 miles. Controlled by Reading Company. Capital
stock, $400,000, of
whloh $318,950 owned by Reading Co. par, $50.
Northern Alabama Ry.—Sheffield to Parrish, Ala., and branches,
119 miles. In April, 1899, a majority of
stook and bonds purchased by the Southern Ry. V. 68, p. 824, 873. See also V. 69, p. 391.
Stook Is $2,000,000. Under supplemental mortgage of 1898 $400
000 of the outstanding $1,700,000 1st 5s were made prior liens. Remaining $1,300,000 general lien bonds bear Interest for two years
from July 1, 1898, at 2 per cent, then 3 per cent for two years; thereafter 5 per oent. V. 67. p. 1208.
In year ending June 30, 1902,
gross, $408,161; net, $57,689. In 1900-1 net, $54,898.— (V. 69, p. 28.
Northern (New Hampshire) RR.—Owns Conoord, N. H., to
White River Jot , Vt., 70 miles branoh to Bristol, N. H., 13
total,
83 miles. Subsidiary lines, Concord & Claremont RR., 71 miles; Pe
terborough & Hillsborough RR., 19 miles. Lease to Boston & Lowell
tor 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
was 5 percent on stook till July 1, 1897, and now 6 per cent, payable In gold. Until July. 1897, 1 p. o. extra was paid regularly from
contingent fund. Also in 1894, Jan., 5 p. o. extra was paid; in 1896,
July, 2 p. o. extra: in 1897 5 p. o. extra; In July, 1904, *2 P. o. extra.
m
;
—(V. 65,
p. 463; V. 78,
;
p 2385).
Northern California Ry.—See Southern
Northern Central Ry.—Owns Baltimore,
Pacific
RR.
Md., to Sunbury, Pa.
187 miles, of which 1 32 miles double track—branch, 9 miles leases—
Shamokin Valley <fe Pottsville RR., 38 miles; Elmlra & WUUamsport
RR.,76 m. operates at cost— Elmira & Lake Ontario RR., 100 miles;
Lykens Valley RR., 19 miles; also since June 1, 1902, York Hanover
& Frederlok RR., 56 m.; York branch Penn. RR., York, Pa., to Columbia, 13 m.: total, 450 miles. Also uses N. Y. L. E & W. tracks, 7 m.,
and Phila. & Erie, Sunbury to William sport, 40 miles. The Northern
Central Connecting RR Co., incorporated on May 12, 1903, with $350,000 authorized stock, is building from a connection at Selinsgrove Jot.
to the main line of the Pennsylvania RR., 35 miles. V. 78, p. 773.
Organization.— A consolidation of several roads In 1854 Con.
trolled by the Pennsylvania RR., which owns a majority of the stook.
The stockholders in Nov., 1903, authorized pe rpetual lease to or
merger with the Pennsylvania RR. V. 77, p. 1875
Securities Owned— On Jan. 1. 1904, among the assets held were
Phila. Bait. A Wash, stook (par) of $352,200; Elmlra & Lake Ontario
stock (all), $1,500,000; Shamokin Valley <fc Potts vllle stock. $619,650;
Union RR. stook, $1,225,000 (the bal. of $875,000 being held by Phila.
Wllm. & Balto.),eto. Also the following, mostly acquired In 1900; Ches.
& Ohio stock. $1,500,000; Bait. & Ohio pref. stook. $1,000,000, and
common, $781,500; Norf. & Wert. pref. stock, $500,000, and common,
$1,000,000; Erie & West. Transportation Co. stook, $500,000.
Stock.—Authorized issue was increased in Feb., 1900, from $8,000,000 to $12,000,000; Penn. RR. on Jan. 1, 1904, owned $6,267,950.
The stockholders in Nov., 1903, voted to increase the authorized stock
from $12,000,000 to $20,000,000, Of the newstock,$5,731, 125, raising
the amount outstanding to $17,193,425 was subscribed for at $62 50
per $50 share in June, 1904, the proceeds being used to pay off $2,000,<K)0 bonds maturing! July 1, 1904, purohase $1,562,000 of the
$2,000,000 outstanding Shamokin Valley & Pottsville RR 312 p. o.
bonds not already owned, and provide for improvements and equipment. V. 77, p. 1875; V. 78, p 1907.
Divid'ds.— ) 1888. '89. '90. '91. '92. '93. '94 to 1900. 1901 to July'04.
Percent... J 7
8
7 7
8
8
7 yearly
8 yearly (JAJ)
Earnings.— 8 mos., 11904.
Gross, $6,636,045; net, $1,493,492
Jan. 1 to Aug. 31. < 1903
Gross, 6,882,245; net, 1,577,692
Annual Report.—Fiscal year ends Deo. 31. President's report for
1903, given at length in V. 78, p. 764, 772, 985, showed the following :
1903.
1902.
Year end. Dec. 31—
1901.
1900.
;
;
Mllesofroad
450
450
381
381
$10,310,086 $8,456,685 $8,266,958 $7,845,412
Gross earnings
2,336,208
Net earnings
2,351,590
2,511,969
2,347,874
799,50 5
575,608
Other receipts
594,306
632,194
Total net income.. $3,135,713 $2,927,198 $3,106,275 $2,980,069
Rentals,&o
494,760
507,777
464,912
535,619
591,105
Interest on debt
535,905
530.187
651,116
Dividends
(8)916,980 (8)916,980 (8)916,980 (7)684,033
Taxes and mlsoel
212,979
136,969
93,157
495,775
908.484
Extraordinary
700,00
1,101.039
618,526
Balance, surplus..
$11,405
None.
None.
$129,567
-(V. 78, p. 764, 772, 985, 2600.)
:
Oct., 1004.
RAILWAY STOCKS AND BONDS.
j
RAILROADS.
MUoh Date
For explanation of column headings,
on first page of tables.
&o., see notes
of
of
land gr
g.,
. . .
F
c*«fer
money
M., $20,000,000.G.c*
St. P.-Dul. Dlv. pur.
C.B.&Q. col.tr.M.,«r. (red.aft. Jan.'06 at 105) Sc&r
1st M.Minn.& Dul.,Minn.toW.B.Lake,g.ass'd FP'
Bonds Underlying
St.
Paul & Duluth Div.
o*
Paul & Duluth let mortgage, assumed
o*
2d mortgage, assumed. Ce
Taylor's P. & L. Sup., 1st M., s. f not dr'n.Ce.c*
Duluth 8. L. IstM, p. & 1., s. f. not dr'n.Ce...o*
Consolidated mort., ass'd, $5,000,000, g.Mp.c*
Car trusts, inoluding Interest, Jaly, 1904
North'n Pac. Ter.Oo.— IstM., gold, red., atllO.F.o
Northern Railway (Oal.)—See Southern Pacific
Northern Securi ies— Stock, $400,000,000
No. Shore RR.— N. Pac. Coast, gen. M. (now lst),g.c
New No. Shore M., $6,000,000, g., s. f. beg.'12.o*
Northwestern Coal Ry.—lBt M., guar, end., g.F.c*
Northwestern RR. of So. Oar.— 1st M., $375,000...
Norwich <t Worcester—Pref. stock, 8 p. o. rental
Bonds (not M.),lnt. gu. under lease, curr'cy...o<fcr
Nor.dt St. £.— 1st M., $300,000,g. red. 1 10 In 10 yrsTa
St.
.
t
Par
Road. Bonds Value.
No.Ohio— 1st M., g. ($15,000 p. m.) gu., p.<fc l.Ce.o* 167
Northern Pacific Ry.—Stock, $155,000,000
60^2
Western RR. Minn. 1st M., gold, assumed
182
St. Paul & N. P. Gen. M., I'd grant, ass'd.Ce.o*<fer
New mortgages of Northern Pacific Ry.—
See J
Prior lien M. $130,000,000 gold, ld.gr.Me.o*4r
Gen. lien M. $190,000,000,
Size, or
1895
1877
1883
$1,000
Amount
Outstanding
$2,500,000
100 155,000,000
1,000
328,000
1,000
1841
ttonas-- irYwol
INTEREST OR DIVIDENDS.
pal.When Due
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Dividend.
Cent.
5
g,
A.
&
O. N. Y., Chase Nat. Bank.
7
6g
8,021,000
do
u
Feb.
N.Y.,J.P.Morgan&Ber»
do
do
t
New York.
D.
do
N,
do
Q.-J.
Q.-F.
J
226
1,
1945
Nov. 1/04, 1\
May 1, 1907
York.
do
M.3S6&N4
1896 500 &o. 102,915,500
1896 500 &o. 60,000,000
J. &
1900
*7,8 15,000
1.000
1901 l.OOO&o 215,322,000
M. &
"l5 1877
1,000
280,000
MORT OAOE.
F. & A.
167 1881
5
1,000
1,000,000
A. & O
167 1887
5
1,000
2,000,000
J. & J.
21 1884
6
1,000
210,000
M. & S.
25 1886
5
1,000
500,000
J. & D
238 1898
1,000
1,000,000
'98*99
138.386 4ifl&5
1883
1,000
6g. J. & J.
3,614,000
BR.
100 395,400,000 4 lain '03 Q.-F.
5 g. J. & J.
90 :5 1892
1,000
1,498,000
M. & N,
1902
5
1.000
2,000,000
5 g. M. & N,
1893
1,000
794,000
A. & O
4
65 1899
1,000
285,000
Q.-J.
8
72
100
3,000.000
M. & S.
4
1897
1.000
1.200.000
5 g- A. & O.
100,000
7* 1901 500 <feo
See
Oct.
New
6% in '04 Q.-F.
1,
1923
Jan. 1, 1997
Jan. 1, 2047
Dec. 1, 1996
July
Jan.
1,
1,
1921
1907
Morgan* Co. Aug.
1931
1917
1914
1916
1968
To 1909
N.Y.Winsl'w,Lan'r&Co. Jan. 1. 1933
N.Y., J. P.
do
do
do
do
do
do
do
do
1,
1,
Jan. 1,
Sept. 1,
June 1,
Oct.
Feb. 2,'0i, li«
Checks mailed.
San Fran., Co.'s Office. Jan. 1, 1912
N. Y. & San Francisco. May 1, 1942
N.Y., Farm's L. & T. Co. May 1, 1928
Apr. 1,1949
Bait S. Dep. & Tr. Co
Meoh. Nat. Bk., Wore. O 1. 1,'04, 2%
Boston, Co.'s office.
Mch. 1, 19*7
City N.Bk.Wat'rt'n.N.Y Apr. 1, 1923
,
& Coupon bonds J. & J.j registered bonds Q.-J.
IT Coupon bonds F. & A.; registered bonds Q.— F.
Berlin at 4-20 marks per doUar. \ 5,130 miles, including 40 miles not operated; spurs, 261 miles. * $361,000 add'l in treasury June 30, 1904
Northern Consol. Holding Co.— See this Section for Apr., '04.
Northern RR. of New Jersey.—Owns from Bergen, N. J., to
Sparklll, N. Y. 21 miles leases Sparkill to Nyack, 5 miles. Leased
to the Erie RR. from June 1, 1899, for the term of its oorporate existence, for Interest on bonds, 4 per cent on $1,000,000 stock, payable
;
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
4*a per cent general mortgage bonds, guaranteed by the Erie, $654,000 are reserved to retire the 6s due July 1, 1917, and the remainder
for improvements and betterments or equipment for operation by eleotrlcity of the leased properties. See V. 69, p. 81.— (V. 71, p. 30.)
North. Ry. Costa Rica.— See V.71, p.1067, and United Fruit Co.;
V. 75, p. 849; V. 78, p. 288.
Northern Ohio Railway.— (See Map Lake Erie <£ Western.)—
Owns Akron to Delphos, O., 165 miles; branches, 2 miles. Leased
in perpetuity to L. E. & W., which guarantees the bonds. V. 62, p. 826.
Stock.—Common stock (all owned by L. E. &W.) $3,580,000; Dre
ferred non-cumulative 5 p. o. stock, $650,000; par of each $100.
Bonds.—The first mortgage Is for $4,000,000 of whioh $1,500,000
unissued are limited to $15,000 per mile of completed road hereafter
constructed or purchased. Operated as part of L.E.& W. V.66, p. 337
Northern Pacific Railway.— (See Map*.;—Operates one of the
leading lines to the Paciflo, having its eastern termini at St. Paul.
Minn., and Duluth, Wis. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining district of Montana and the farming
country of Washington to Tacoma and Seattle, and to Portland, Oregon, with branches to Winnipeg, etc. The system comprises
Miles.
Miles.
Leased to others.
Main line.
To other companies
9
Ashland, Wis., to Portland,
354
Ore. (incl. 5 m. terminals) .2,171 To Province of Manitoba
Not operated
20
Bralnerd and Staples to St.
Paul
Other lines
Total main line
Various branches
181
412
2,764
2,5 40
Total(iuo. 17m.traokage)5,687
Controlled properties.
Wash. & Col. River,
1T163
Minn. & Intern. (V.77, p.451) 142
Other companies
44
Total, lncl. 17 m. track-
age (operated directly). 5,304
See this company.
Total system July
1, 1904.... 6,036
Secondtrack
92
were leased for 999
years from May 31, 1901. to the Provincial Government and sub-let by
the latter to the Canadian Northern Ry. at a rental of $210,000
11
The Manitoba branches, aggregating 354
miles,
annually for the first 10 years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter $300,000, with the option of purchase at any time for $7,000,000. V. 73, p. 610. In Jan., 1902, purchased branch from Minneapolis to White Bear Lake, Minn., 15 miles,
formerly leased, assuming $280,000 bonds. V. 74, p. 94.
On July 1, 1900, the St. Paul & Duluth RR., St. Paul to Duluth,
etc., 238 miles, was merged, its bonded debt being assumed. V. 70, p.
1250; V. 71, p. 648.
On Juoe 30, 1904, 106 miles of branches and extensions were under
construction. V. 79, p. 1460.
History.— This Wisconsin oompany on Sept. 1,1896, succeeded to the
railroads, land grant and other property of the Northern Paciflo RR.,
foreclosed In July, 1896, and reorganized per plan in V. 62, p. 550.
The original Northern Pacific Company was chartered by Congress
July 6, 1864; 450 miles to Bismarok were foreclosed in 1875.
Stock.— The $75,000,000 preferred stock was paid off at par on Jan.
1, 1902, the common being Increased from $80,000,000 to $155,000,000. V. 73, p. 1062, 1160; V. 74, p. 41; V 78, p. 1223.
In October, 1902, 99 per oent of the capital stock had been acquired
by the Northern Securities Co. (see that co. below), whioh in March,
1904, was adjudged an Illegal combination by the United States Supreme Court and ordered to liquidate. V. 72, p. 1081; V. 73, p. 138,
185, 1011. 1062, 1161, 1357; V. 74, p. 681. See V. 78, 1223, 1393, 1447,
1497; V. 79, p. 213
Dividends (p. o.)— ) 1898 1899 1900 1901 1902 1903
1904
5ia
>
On common
2
4
4
7
6\
On pref. (now retired) > 5
4 4(Q.-M.) 4 (Final)
In 1903 6 p. o. (paid lia p. c. Q.-F.). and in Pel), and Nov., 1903, 13,
p.c May, Aug. and Nov., each 112 p.o.
p c. each extra; In 1904, Feb.,
and 14 pc. extra, "payable to holders legally entitled to receive them."
Bonds.— Abstracts of the new Prior Lien and General Lien mortfages of 1896 were in V.63, p. 1012-1019, and the statement to New
ork Stock Exchange, was in V. 63, p. 1072, showing:
Prior lien 4%s purchasable with land sales at not exceeding 110 [but not subject to call], not over
$500,000 cash yearly to be so applied. Total issue
$130,000,000
Issued and outstanding
io2,Qtsjoo
Issued, but purchased and canceled
Reserved to retire St. Paul & N. P. and West. RR. bonds..
8350,000
For new construction, betterments, equipment, etc, under
carefully guarded provisions, but not exceeding $1,500,000 per annum. Originally $25,000,000—still held
16,000,000
Of the $190,000,000 general lien bonds, $130,000,000 are reserved
to retire the prior lien bonds at maturity and $4,000,000 for new construction, betterments, equipment, etc
The St. Paul A Duluth Division mortgage secures $20,000,000 purchase money bonds on the former St. Paul & Duluth, of which $9,215.-
m
;
000 were issued to acquire the road, $5,283,000 are reserved to retire
existing St. P. & D. bonds and the balance for improvements to the
property. V. 70, p. 1250; V. 71, p. 1167. The lands included In the
grant of the former St. Paul & Duluth are estimated to be worth
about $4,000,000, and were not covered by the old mortgages. They
are to be sold and proceeds applied to purchase of the bonds at not
over 105 and interest, or if not purchasable at that price, then to betterments, improvements or additions to the mortgaged premises or
equipment therefor. To July, 1904, $2,035,000 had been thus purchased and canceled. V. 71, p. 1167; V. 72, p. 339.
Land Grant.— The land grant was 12,800 acres to the mile in the
States of Minnesota and Oregon and 25,600 acres per mile in the (then)
Intermediate territories. The acres on June 30, 1904, not yet sold were:
82,875 Washington
2,489,751
6.340 Oregon
52,998
6,679,382
Montana
701,014| Total west of Mo. Riv.10,012,360
Idaho....
Land sales In year 1903 04 aggregated 323,345 acres; net amount
received from sales and land contracts, $2,100,680.
Finances.— In 1904 Northern Pacific and GreatNorthern had acquired
$107,661,000 of the $110,839,100 stock ol Chicago Burlington & Quincy
RR. in exchange for their joint 20-year 4 per cent gold bonds
secured by the deposit of the stock in trust, on the basis of $200 in
bonds for each $100 stock. See circular, V. 72, p. 871, 1034, 1135;
Minnesota
borth Dakota
application to
I
I
list,
V. 73, p. 294; V. 73, p. 610
EARKiNQS-For 9 mos. ending Mar. 31,1904: Gross, $36,048,100,
against $35,638,131 In 1902-03.
Annual Report.—Report for 1903-04 In V.
79,
p 1459
1901-2
1900-1.
5,262
5,111
5,019
5,100
Aver, miles operat.
Passenger earnings. $11,105,753 $10,595,447 $9,177,509 $7,247,000
Freight earnings.... 32.998,921 33,301,958 30,227,013 23,481,713
1,982.85 3
2,419,900 2.244,700
1,832.270
Mail, express, &0. . . .
Gross earnings. $46,524,574 $46,142,105 $41,387,380 $32,560,984
Net earnings... ."...$22,290,011 $22,110,012 $20,098,966 $15,920,840
Taxes
$1,462,775 $1,421,434 $1,149,890
$920,352
150,^43
Rentals, eto
158,369
120,742
134,690
...
3,000,000
3,000,000
2,011,285
Add'ns and lmp'ts.. 3,000,000
Netoperat'ginoome.$17,668.8i7 $17,538,035 $15,828,333 $12,854,513
MlsceL.excl.land sale s 1,483,354
1,112,551 __
843,765
743 787
Bal. for Interest
$19,152,241 $18,650,586 $16,672,098 $13,598,300
Interest
$6,922,930
6,904,696 $6,624,866 $6,395,681
Div. on pref. stock
(2)1,500,000(4)3,000,000
Div. on com. stck(7ia) 10,849,989 ( 6ia)10,074,944(5)6,999,946( 1)3,200,000
Bal.,sur.foryear $1,379,322 $1,670,946 $1,547,286 $1,002,619
Officers.—President, Howard Elliott, St. Paul. Minn.; Vice-President, Dan. S. Lamont, New York; Sec, George H. Earl, New York;
Treas., O. A. Clark, St. Paul. N.Y. office, 49 Wall St.— (V. 79, p. 1705.)
Irs. ending June30.
1903-4.
1902-3.
Northern Pacific Terminal Company, of Oregon.— Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 aores, trackage 32 miles, dock frontage
7,904 feet. Station at Portland, Ore., opened 1896. V. 69, p. 230, 441.
Lease.—Leased for fifty years from Jan. 1, 1883, jointly and severally
to Northern Paciflo, Oregon Ry. & Navigation and Oregon & California,
with guaranteed rental to pay interest, sinking fund and taxes; leases
assumed in 1899 by new Nor. Pac and Or. RR. & Nav. V. 69, p. 230.
Stock.—Stock ($3,000,000) owned by said three companies (40 p.o.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Paoiflc and 20 per cent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, whioh is to cancel the bonds.
Bonds.—The first mortgage Is for $5,000,000; In 1904 $4,141,000 had been issued, of which $527,000 retired by sinking fund, drawings at 110 and Interest. V. 76, p. 159; V. 77, p. 193; V. 78, p. 288.
Northern Securities Co.—Incorporated on Nov. 13, 1901, per
plan for harmonizing the interests of the Northwestern roads. See V.
73, p. 1011, 1062 and 1357. In March, 1904, the U. S Supreme Court
deoiared the company to be a combination in violation of the AntiTrust Aot, and therefore illesral. V. 76, p 811, 919, 1249; V. 78, p. 1168.
The oompany holds $153,750,640 of the $155,000,000 stock of the
Northern Paoiflc and $118,124,200 of the stock [$124,109,200] of
the Great
Northern, which were acquired by It on the basis
of $100 for $115 and $180, respectively, in Northern Securities
stook.
The stockholders voted on April 21, 1904, to reduoe
the stock from $395,400,000 to $3,954,000, the par value of shares to
remain $100. In return for each 100 shares of Nor. Sec. stook owned
the holders to receive 99 times $39 27 stock of the Northern Paciflo,
or $3,887 73, and 99 times $30 17 stock of the Great Northern, or
$2,986 83, and a stub for 1 per cent ($100) of the original Nor. Sec
stock owned, the latter representing the remaining assets in the treasury, pending completion of dissolution. V. 78, p 1223. 1275, 1392.
In July, 1904, the distribution plan was in abeyance pending
decision in suit of Union Pacific for the return of the entire Interest
surrendered by it In the Northern Paoiflc, a preliminary injunction
restraining the pro rata distribution having been granted in July,
1904. V. 78, p. 1392, 1447, 1497, 2442; V. 79, p. 213, 270, 734.
Dividends.— Dividends 1902, 4 p.c; 1903, 4ia; 1904, Feb., l^p. 0.
In July, 1904, plans were under consideration looking to dividend
distributions pending litigation. V. 79, p. 270, 628.
184*2
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1843
RAILWAY STOCKS AND BONDS.
1844
[Vol. lxxix.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by
For explanation of column headings, &c, see notes
of
Par
of
on first page of tables.
Road. Bondf Value. Outstanding Cent.
Payable
Whom.
Ogden Mine RR.— Stock (5 p.o.rent.Oen. of N. J.) . .
O. Ooii n.R y.— 1st M.,$2,000,000,g.,gu.p.&l.textFc*
Ohio <l Ky.— 1st M., g., s. f., oallatllO.Ce
o*
Ohio dk Ltitle Kanawha Ry.— 1st M., $250,000, g.K
—
Ohio dk Mississippi SeeBALT. A Ohio Southwest.
Ohio River— 1st mortgage ($2,000,000), gold.FP.c*
Gen. M. ($3,000,000), gold, 1st on 39 miles. FP.c*
Rav.Sp. & Glen.lstM.,$400,000,g.,gu.,p.Ai.FPc*
Huntington* Big S. IstM. ($400,000), gold, gu.o*
Ripley & Mill Cr. 1st M.g.,gu. p.&i..end.FP.o*<fcr
Oh.Riv.d TT.-lstM.,$2,750,000,g.8.f.red. .N.c*<fcr
Old Colony— Stock, 7 p. c, guaranteed by rental.
Bonds for Framingham & Lowell bonds
c
Bonds, not mortgage
r
Bonds, not mort. (authorized $3,000,000), g...o*r
Bonds, not mortgage
cfer
Boston Clin. F. A N. B. mortgage.
c
Bonds, not mortgage
c<fer
Omaha Bridge <6 Terminal Ry.— 1st M. ($5,000,000)
Oregon dk Oat.— 1st M., g., dr'n at 100 gu. p. Ai. Un.c*
NB
$100
10
6
26
80
11
13
111
Series B.non-cum. Mo.
Oreg. dk So.
1st M., $300,000, g., red. 110, s.f.No
Oswego <t Syracuse- Stock, 9 p. c. guar., D. L. & W.
2,000,000
250,000
228,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
2,941,000
376,000
303,000
50,000
125
21
670
35
Repoet- Report for 13*3 months ending Dec. 31, 1902, with balance
was in V. 76, p. 1028, showing: Dividends on stocks owned,
sheet,
$15,364,262; expenses, interest and taxes paid, $542,510; dividends
(4 p. 0), $14,063,645; balance, surplus, $758,107.
J. Hill;
Vice-President,
John
8.
Ken-
nedy; Second Vice-President, George F. Baker; Third Vice-President.
D. Willis James; Fourth Vice-President, W. P Clough; Secretary and
Treasurer, E. T. Nichols; General Counsel, W. P. Clough.
Directors.— D. Willis James, Samuel Thome, James J. Hill, B. T, Nichols,
George F. Baker, Robert Bacon. George W. Perkins. Daniel S. Lamont, E. H.
Harriman, Jacob H. !?cblfl, James Stlllman, W. P. Clough, George C, Clark,
John S. Kennedy and N. Terhune.
—(V. 78, p. 1550, 2442; V. 79, p. 213, 270, 628, 734 )
North Shore RR. (Narrow Gauge)—Owns San Francisco to
Cazadero, 87 miles; branches to San Rafael and Mill Valley, 4 miles;
leases to San Quentin, 3 miles; total operated, 94 miles, including
ferry to San Francisco, 6 miles. Of the road, Sausollto to Mill Valley,
Fairfax and San Rafael, 25^ miles, was opened as a third-rail standardgauge electric line In Aug., 1903. V. 74, p. 1252. Successor May, 1902,
of North Pacific Coast RR. In 1904 President Arthur W. Foster of
the California Northwestern Ry. and associates, Including, it was understood, Southern Pacific interests, acquired control. V. 79, p. 681.
Stock Issued, $6,000,000, par $100. An assessment of $5 per share
was levied July 23, 1903, payable within 30 days, to pay for Improvements, electrical equipment, etc, and one of $5 per share, payatle
Nov. 15, 1903. V. 77, p. 250, 1534. Of the $6,000,000 5s of 1902
(Mercantile Trust Co. of San Francisco, trustee), the present Issue Is
$3,500,000, of which $1,500,000 were reserved to retire the North Paolflo Coast 5s at or before maturity, the balance being issuable as required for extensions and improvements. V. 74, p. 1252.
Latest Earn'gs.— 12 mos.,) 1903-4.. Gross, $632,652; net, $183,505
Mar. 1 to Feb. 29.
< 1902-3.. Gross,
538,435; net, 192.685
Surp. over 12 mos. charges, $1 1 ,050 In 1904, agst. $57,994 in 1903.
For year ending June 30, 19C4, gross, $640,738; net, $47,308; interest and taxes, $163,888; bal., def. for year, $116,580. President, Arthur W. Foster, San Franclfco. Directors Aug., 1904, V. 79, p. 681.
—(V. 78. p. 103, 584, 1497, 2599; V. 79, p 681.)
Northwestern Coal Ry.—Allouez Bay, Wisconsin, to Allouez
Junction, Wis., 253 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guarantees the bonds. See official statement, V. 71. p. 698. Capital stock,
$1,000,000.
For year ending June 30, 1904, gross, $22,051; net, $3,298; int. and taxes, $11,864; bal., def. for year. $8,566.— (V. 71, p. 698.)
IN orth west,- See Chicago & North Western.
Northwestern RR. of Sonth Carolina.— Wilson
Mill, 8.
C,
via Sumter, to Camden, 61 6 miles, of which Sumter to Camden completed 1900; branch, Millard to St.Paul,37 m.; trackage, 432 m.; total,
69-62 miles. Stock, $100,000. Livldend 6 p.o. paid yearly, Dec, 1900,
to 1902: in 1903, 4 p. c. Year ending June 30, 1903, gross, $103,977;
net, $51,806; charges, $15,000; dividends, $6,000; bal., sur., $30,806.
Norwich
A
Worcester
RR.—Owns
from Norwioh, Conn., to
Worcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 miles. Also owns entire capital stock ($500,000) of the Norwich & New York Transp. Co., operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N. B. A H. RR. since July 1, 1898; rental Is 8 per cent on preferred
stock— (V.
69, p. 1194; V. 70. p. 76, 125.)
Norwood A St. Lawrence RR.— Norwood to
Raymondville, N.
opened Nov., 1901. Stock, $100,000; par of shares, $100.
Bonds aresubleot to oall at 110 Apr. 1, 1912. Year ending June 30,
1903, gross, $27,276; net, $9,429; int. and taxes, $5,317; bal., sur.,
$4,112. Pres.. Chas. H. Remington, Treas., Warren F. Howe, Watertown, N. Y.— (V. 74, p. 1090.)
Ogden mine RR.—Owns Nolan's Point (Lake Hopatcong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1, 1882, to Central RR. of N. J. for 5 p. 0. per annum on capital
stock and $500 yearly for organization expenses.
Ogdensbnrg A Lake Champlaln Ry.— See Rutland RR.
Ohio Connecting RR.— Owns bridge over Ohio River near Birmingham, Pa., and approaches, 563 miles
Leased from Oot. 20.
1890, for no definite time to Pitts. Clnoin. Chic A St. Louis Ry.;
rental, net earnings. Stock Increased in Dec, 1902, from $1,000,000
to $2,000,000 in $50 shares. Bonds are guaranteed as to principal and
interest by endorsement by Psnnylvanla Company.
For calendar
year 1903, gross, $226,965; net, $17 8,212; Interest, $21,700; dividends (5 p. c), $100,000; bal., sur $56,512. (V. 76, p. 919.
Ohio A Kentucky Ry.—Owns from Lex. A East. Ry. at Jackson, Ky., to cannel coal fields in Morgan Co.,Ky., 26 m. Operated by
Lex. A East. Ry., but independent operation resumed in July, 1904.
Com. stock, $200,000; prer.stook, $100,000; bonds as above, $250,000;
Junior securities to be taken by stockholders, $175,000. Bonds are
guaranteed by Kentucky Block Cannel Coal Co. Year ending June 30,
1904, net earn $46,699. Pres., W. de L. Walbridge, 1 B'way, N. Y.
Ohio A Little Kanawha Ky.—ZanesviUe, O., to Marietta, etc,
80 miles. V. 69, p. 907. Bait. A Ohio has pledged *nder its Pitta. L.
E A West Va. mortgage $585,000 common and $824,000 pref. stock.
x\,
7^
m.;
,
V. 73, p. 1264. Stock is, common, $918,000; pref., $1,167,500. Year
1001-02, gross, $188,718; net, $43,191.-(V. 73, p, 1264.)
Slocks— Last
Dividend.
& J. Phila., 608 Chestnut St, July, '04,21*%
S. N. Y., Farm L. & Tr. Co.
Sept. 1,
943
N. Y.,1 Broadway.
July 1, 1926
J. & J.
5 g. M. & S. N. Y., Knick. Trust Co. Mch. 1, 1950
N.Y., Central Tr. Co.
J. A D.
June 1, 1936
A. A O.
do
do
Apr. 1, 1937
5 g F.
do
do
Aug. 1, 1920
A A.
£ g J. A J.
New York or Phila.
July 1, 1922
S g F.
A. PhUa., E. W.Clark
Co. Aug. 1, 1908
e
%
N.Y. 8ec,&,Tr.
A.
Feb.
7* F. A J. N. Y.,Boston, Office. Co. Oct. 1,1, 1933
9'04,1 \
aT A ().
do
4
Dec. 1, 1S25
j. A J.
do
4
Jan. 1, 1938
do
4 g. F. A A.
Feb. 1, 1924
J. & D.
do
4
Deo. 1, 1925
J. A J. Boston, N. E. Trust Co. Jan. 1, 1910
5
Treas. office, Boston.
3ifl
July 1, 1932
J. A J.
J. & J. Prov. L. A T. Co., Phila. Feb. 1. 1943
5
5g J. A J. N. Y., South Pacific Co. July 1, 1927
N. Y. Office, 120 B'way. July 2, '98, 1%
do
A
do
July 1, '04,2%
4% in '04
4g. J. A D. New York & Germany June 1, 1946
Union Pacific.
mostly o wnedby
F. & A. N. Y., 120 Broadway
Feb. 1, 1922
do
do
July 1, 1908
J. A J.
do
do
July 1, 1926
5 g. J. A J.
do
do
July 1, 1946
5 g. J. A J.
do
do
Aug. 1, 1927
8ee text. F. A A
5
J.
4g. M. A
j
-
<fe
-
<fe
17,871,400
498,000
4,000,000
3,000,000
5,100,000
1,912,000
1,000,000
1,277,000
18,831,000
24,000,000
11,000,000
.T.
,T.
21,479,000
27,460,100
14,931,000
4,993,000
1,802,000
12,328,000
36,500,000
do
do
04
7,185,000 5 p. o. In He
do
do
14,841,000 4 in 1901
bc\
300,000
5g A. & O. N. Y., No. Amer. Tr. Co.
1,320,400
F. -A. 20 N. Y.,Del. L. AW. RR,
9
1904
1,000
1888
1,C00
1894 l.OOO&o
1895 1,000 fee
1880
1.000
1902
1893
1,000
1887
1,000
100
100
1896
1,000
100
1882
1,000
1878
1,000
1886
1,000
1897 500 Ac
1902 l.OOOAo
1897 500 Ac.
1897 500 &c.
1902 500 &o.
50
E—
Officers.— President, James
(t)
100
—
do
$450,000
1,000
1,000
1,000
1886
1887
1890
1892
1888
1903
172
209
33
& Navigation— Common stock .....
Preferred stock, 4 per cent, non-cumulative
Consol. M. (now 1st) $24,500,000, gold.N
o* 1,063
Oregon Short Idne BR. Common stock
Or. Sh.L. IstM., p. & 1., gold— see V.63,p.602...o*
600
Utah & North'n 1st mort., $12,000 per mile
477
o*
Con. M.. gu., $15,000 p. m., s. f. not dr'n.g. A Bo*
477
Con. IstM., $36,500,000, g. (IstM. on 400m). G.c* 1,479
Four p.c. and partic. gold bonds, drn. 102i«.c*<fer
Income bonds, Series A. 5 p. c, non-onm.OB
Oregon BR.
!
1903
1896
1900
Bonas—irinolDue.
pal, When
-
Ohio River
R.— (See
it
B.
<t
O.
Map.)— la
July 1, 1946
July 1, 1946
Apr. 1, 1922
Aug. 20,1904
July, 1901, purchased
by the Bait. A Ohio RR,, which has pledged $5,884,400 of the $5,915,430 capital «took as part security for its own Pitts. L. E. & W. Va. 4s.
Report. -Year ending June 30, 1902, gross, $1,559,152; net, $585,942; Int. $252,536; bal., stir., $333,406. Earnings since July 1, 1902,
are Included in those of B.
O. Report for 1900 in V. 72, p. 985.
—(V. 72, p. 985; V. 73, p. 83,237,287.)
Ohio River
Western Ry.— See page 1912.
Old Colony
(Mass.)—Owns road from Boston to Provinoetown, Mass., Newport, R. I., etc, 508 miles; leases, 108 miles.
Lease.— In 1893 leased to the New York New Haven A Hartford
for 99 years. About $5,500,000 of the stock, included in table above,
Is held by the lessee. The lease provides for dividends of 7 p. 0. per
annum on stook not exchanged. V. 56, p. 247, 374. Stock author*
lzed, $20,000,000. On June 22, 1904. $462,500 stock was sold to retire
$750,000 bonds maturing July 1, 1904, and $17.\000 floating debt,
raising amount issued to $17,871,400. V. 78, p. 1962, 2b35, 2443.—
V. 78, p. 1862. 2335, 2443, 2600.
A
A
RR.
A
Northwestern RR.— Buna to Orange, Texas, 30
Extensions are proposed, making 385 miles in all, including
one from Buna to Sureveport, 150 miles. Stook authorized. $400,000;
outstanding Jan., 1903, $200,000. In April, 1902, the Railroad Commissioners of Texas approved the Issue of $23,000 bonds per mile on 30
miles. For year ending June SO, 1903, gross, $43,117; def. under op-
Orange
miles.
eration, $7,377.
President, L. Miller, Sec and Treas., W. W. Reid;
Gen. Mgr., O. W. Hole. Office, Orange, Tex.— (V. 76, p. 1144.)
(See Map Southern Pac .) -Portland.
Oregon
California
Ore., to California State line, 367 miles ; Albany Juno, to Lebanon, 12
miles; Portland to Corvallls, 97 miles; Woodburn to Natron. 93 miles;
Portland, Ore., to Airlee, Ore., and branch, 85 miles; Mohawk Jot. to
Wendling, 16 m.; trackage, 2 m. Total. (572 miles.
A
RR.—
Lk ask, etc.— Leased
to Southern Paciflo Co. for 34 years from August
1893, the lessee guaranteeing interest on the bonds, and the lessor
reoelving any net profit and being charged with any deflolt after payment of charges. Betterments are payable by lessor. Southern Pacific
owns all but $75,000 of the $19,000,000 stock, $12,000,000 of which
Is 7 p. 0. pref.
V. 72, p. 287. Due So. Pac June 30, 1903, $5,288,655.
Bonds.— Land grant was about 4,000,000 acres, part of whioh Is
oovered by the mortgage, proceeds of land sales going to redeem bonds
(subjeot to oall at par). The Southern Paciflo guaranty of principal and Interest Is printed on eaoh of the 5 per cents. In 1902-03 net
land sales sublect to mort. were $320,203. See V. 63, p. 754.
Latest Earnings.— 7 mos., > 1903-4.Gross, $2,576,550; net, $9 13,399
2,344,219; net, 651,434
July 1 to Jan. 31.
\ 1902-3.Gross,
Earnings.— Year ending June 30, 1903, gross. $4,004,983; net.$l,140,380; int., taxes, etc., $1,255,738.— (V. 76, p. 1144; V. 77, p. 2098.)
Oregon Improvement.— See Pacific Coast Co. (Misoell. Co's).
1,
A
Oregon Railroad Navigation.— (See Map Union Pac.)— East
Portland, Ore., to Huntington, Ore., 403 m. Umatilla, Ore., to Spokane, Wash., 245 m.; branohes owned, 467; leases Snake River Valley RR., Wallula to Grange City, Wash., 66 m.; other, 2 m.; total,
1,083 m., of which 13 narrow gauge; river division water lines, 308
miles. Ocean line to San Francisco, 660 miles. Id Aug., 1904, contract was let for branch from Arlington to Condon, Ore., 46 miles.
Organization.—Organized in July, 1896, per plan in V. 61, p. 325
and V. 62, p. 41. Controlled by Union Paoiflo Ry., directly and
through Or. Sh. Line. Owns $700,000 first 5s (entire issue) of Columbia Southern Ry., Biggs, Ore., to Shanlko, 71 miles. V. 73, p. lb 63.
Stock.—In October. 1899, the TJ. P. Issued Its oommon stook to
retire, $ for $, the $7,718,600 Or. RR. A Nav common stook not
owned by the Short Line Co. and its preferred stock to retire the $11.000,000 Or. RR. A Nav. pref. stock— V. 69, p. 492, 597. In July, 1904.
all except $20,210 common and $14,660 preferred stook was owned
by the Union Paciflo system. V. 70, p. 177.
Dividends.—On pre/erred: 1897, 2 p. c; 1898 to July, 1904, both
Inclusive, 4 p. 0. yearly. On common paid 1% July 2, 1898.
Bonds.—The consolidated mortgage of 1896 (abstract V. 63, p.
928; trustee, New York Security A Trust Co.) oovers all the property.
Of the $24,500,000 authorized, the bonds unissued are mostly
reserved for the construction of additional road at the rate of not more
than $20,000 per mile of constructed road. V. 74, p. 206.
Report.— Report for 1899-1900 in V. 71, p. 960; none since.
1900.
1899.
1901.
Tear end. June 30—
;
Gross earnings
Net earnings over taxes
-(V. 72, p. 45, 184 V. 74,
;
p.
$7,005,979
$8,392,300
$7,522,392
$3,148,790
$3,522,003
$3,688,543
206, 380, 830, 884; V. 75, p. 290.)
Oregon Short Line RR.— (See Map
Un. Pac.)— Granger, Wyo., to
Huntington, Ore., 542 m.; branoh to Ketohum, Idaho, 70 in.; Ogden to
MoCammon, Idaho, 111 miles Pocatello to Silver Bow, Montana, 256
miles Cache Jet., Idaho, to Preston, Utah, 43 miles; Ogden, Utah, to
Sandy, 50 miles; sundry branches, etc, 182 miles; Butte to Garrison,
Mont 57 m., owned, but operated by Northern Paoiflo; trackage, 11
miles; total June 30. 1904, 1,313 miles.
On July 7, 1903, the portion of the main line from Salt Lake City,
Utah, to Callentes, Nev., 340 miles, included above, with some branoh
mileage and additional oompleted road south of Callentes, 512
miles in all, was taken over under purchase by San Pedro Los Angeles
;
,
C
F
c
—
RAILWAY STOCKS AND BONDS.
Oct. 1904. J
RAILROADB.
Miles
Date
Size, or
Amount
of
of
Par
For explanation of column headings, &o., see notes
Road Bonds Value.
on first page of tables.
OswegodiSyr. ( Con. j-Consol.M. (guar.D.L.A W.) F
Construction M., guar. p. & 1. (for $1,000,000)..
Owensboro <£ Nashville— 1st mortgage, gold. .Ce.o*
Otark <t Oher.Cent.—lsi M., g., gu. p & i. red. par N
.
Musk.C'yBr'gelstM.g ,int.rent.red.l05'07»Sto*
Panama— Stock
1st M.,$4,000,000, s.f .,g,red. at 105(text) .Ce . .o*
Subsidy bonds.,g., drawn at 100. SeeV.64,p.705.o*
Paterson <t Hud.Riv.—8tk.,8 p.o. rent. N.Y.L.E.&W.
Palerson <£ Ramapo Stock (rental guarantee)
Pemigewassel Valley RR.— Stook (rental guarantee)
Pennsylvania RR.— Stock, $400,000.000. Tr
General mort. bonds, $1,000 and *200 eaoh. .c&r
.
—
cs
>»
00® 2
r
Currenoy registered bonds
Currency coupon bonds
o
Sterling bonds
o
Gold registered bonds
r
Gold coupon bonds
c
o*
Gold coup., s. f., 1 p. c, not drawn..
Sterling (s. f. in 1900) not drawn. o*<fer
Bonds (P. W. & B. stock as collateral)
r
c*
Collateral trust loan, gold , not drawn
Gold bonds, redeemable, text, convertible. GP.c*
Sonb. Haz. & Wilk., 1st, Ser. A, drawn at 100...
35
35
88
144
1876
1883
1881
1903
1902
"48
48
1897
1880
"14
14
1,000
1,000
50
"Too
50
857 1867 $ or £
857 1875
1,000
857 1875
1,000
857 1873-4 £200
857 1879
1,000
857 1879
1,000
857 1893
1,000
857 1895
£200
1881
1,000
1883
1,000
1902 500 &o.
43 1878 100 &o.
43 1878 100 Ac.
56 1896
1,000
5 1879 100 Ac.
138 1888
1,000
462 1882 1,000
1889
1,000
ton, Idaho, 71 miles.
History.— Successor March 16, 1897, of the Oregon Short Line A
Utah Northern Ry., foreclosed per plan in V. 62, p. 504, 505. Controlled by Union Pacific, which holds nearly the entire capital stock
and the greater part of the Income A and B bonds. V. 75, p. 1032.
Capital Stock.— Authorized $27,460,100, of which new Union Pacific
Ry. Co. has acquired $27,450,100. V. 68, p.188, 381, 474.
Bonds.— Of the $36,500,000 new first consols, $22,029,000 are reserved to retire at maturity the loans not disturbed
Series A, incomes, non cumulative 5 per cents, have received In
Sept., 1897, 4 p. c; Sept. yearly since, the full 5 per cent, at Guaranty
Trust Co., N.Y. or Old Colony Trust. Boston. V. 69. p. 492.
Oregon RR. & Navigation stock, viz., $16,281,400 common and
$976,900 preferred, is owned and pledged as special security for
the Series B incomes, but dividends thereon are to go to the Short Line
company except as needed to pay to Series B their full interest. In
Oct., 1898, 3 per cent andinOot., 1899 to 1904, Inclusive, 4 per cent
yearly was paid on the 8eries B incomes. V. 65,jp. 572; V. 66, p. 1141.
The Union Paoiflo owns $6,751,000 of the $7,185,000 Income "A"
bonds and $14,788,000 of the $14,841,000 "B" bonds. V. 70, p. 176.
•In 1900-1901 $78,108,000 Northern Pacific stook was purchased and
exchanged for $82,491,871 Northern Securities Co. stock and $8,900,007 cash (V. 75, p. 1196). All of the Northern Securities stook has
been deposited as collateral for an equal amount of "participating"
bonds (see below), the latter, together with the cash mentioned, being
given to the Union Paoiflo RR. for advances.
The "4 per cent and participating 25-year gold bonds" of 1902
Equitable Trust Co. of New York, trustee), are limited to the amount
of collateral, viz., North'n Securities Co. stook, pledged with the trustee. In addition to the fixed Interest at the rate of 4 per oent (gold)
per annum, the holders are entitled on Feb. 1 of each year, beginning 1904, to any cash dividend paid during the preceding calendar
year upon the deposited collateral in excess of 4 per cent on the outstanding bonds. The entire issue or any part (when drawn by lot) is
subject to call at 102ia. Amount sold $36,500,000, the $45,991,000
additional bonds Issued being held by the Union Paoiflo. See also
Union Paoiflo RR., V. 75, p. 136, and abstract of mortgage. V. 75,
p. 243; V. 76, p. 383. On Feb. 1, 1904, one half per oent extra will be
paid, making i^ p. c int. for the calendar year 1903. V. 77, p. 2098.
In Oct., 1904, liquidation of the Northern Securities Co. was pending.
The securities received in exohange for the Securities stook, including
Northern Pacific and Great Northern stock, will be substituted as collateral under mortgage. See V. 78, p. 1223, 1275, 1393, 1447, 1497.
Latest Earnings.— For 5 months ending Nov. 30, 1902, gross,
$5,244,530; net, $3,021,504; other income, $1,394,023; charges,
§2,573,417; balance, surplus. $1,842,110. For 11 mos. ending May
1, 1902 (1,438 average miles), gross earnings, $10,122,259; net,
$5,260,214; other inoome, $3,284,304; fixed charges, $4,910,375; int
on open accounts, etc, $993,454; bal., sur., $2,640,688.
1899.
1901.
1900.
Tear ended June 30—
$7,577,108
Gross earnings
$9,673,279 $8,578,398
4,473.464
3,778,280
Net earnings over exp. and taxes 5,012,274
Financial Office, 120 B'way, N. Y.City— (V.79,p. 1705.)
To extend from Cottage Grove,
Oregon 6c Southeastern
Ore., to the Bohemia Mining District, 36 miles, of which Cottage
Grove toWlldwood, 18 miles, oompleted in Oct., 1904; branohes,4 miles;
total, 22 m. Stook authorized, common,'$500,O00; preferred 7 per cent
oum., $500,000; outstanding, $400,000 of each; par of shares, $100.
Preferred is subject to call. Bonds, see table. Pres., Geo. W. Crosby,
Atlantic City, N. J.— (V. 75, p. 135.)
Oswego 6c Syracuse RR.— Owns from Oswego, N.Y. to Syracuse*
N. Y., 35 miles. Leased in 1869 during length of charter and renewal
thereof to the Delaware Lackawanna & Western Railroad Company for
9 per cent per year on $1,320,400 stook and Interest on bonds.
Ottawa Northern 6c Western Ry.—See Canadian Paoiflo Ry.
Otis By. -Otis Jet. to Otis 8ummit, N. Y., 1*35 miles. Successor
June, 1899, to Otis Elevating Ry., foreclosed. V. 69, p. 81. Stock, $65,000. Bonds, $71,000 IstM. 40-yr. 5s, dated July 15, 1899, all outstand:
RR.—
,
gross, *9,868; net, $2,823; Int. and taxes, $3,596;
Pres., Chas. L. Rlokerson, N. Y.— (V.69, p. 81.)
Year 190203,
Owensboro
6c
Nashville
Ry.—Owns
from Owensboro, Ky.,to
Adairville, Ky., 84 miles; Mud River Branch, 4 miles. Operated by
Louisville & Nashville Railroad, which owns the $1,156,518 stook (par
$100) and $1,200,000 of the first mortgage bonds— all these bonds and
most of the stock being pledged under its trust deeds.
Cherokee Central
Owns Fayetteville, Ark., to
Ozark
Okmulgee, I. T., 144 miles, including steel bridge over Arkansas River.
Stock, $9,000,000, of whloh $^,880,000 is issued aDd owned by the
San Francisco, which operates the road as part of its CenSt. Louis
The $120,tral division and guarantees bonds, principal and interest.
000 unissued bonds are reserved t > retire the $100,000 Muskogee City
Bridge bonds. See V. 76, p. 865, 919; V. 78, p. 703, 2335.- (V. 76, p.
919, 1408; V. 78, p. 703, 2335; V. 79, p. 1705.)
Colon to Panama and La Boca, 50 miles, 5-foot
gauge. The Panama Canal purchase by the U. S. Government in May,
*
&
Panama RR.—
Ry.—
Bonds— Prlnoi
INTEREST OR DIVIDENDS.
pal. When Dae.
per When Where Payable, and by Stocks— Last
Rate
Cent.
7
5
eg.
2,000,000
2,880,000
5 g.
100,000
7,000.000 See text.
4*2 g.
2,371,000
6g.
715,000
8
630,000
8
298,000
6
541,500
301,183,000 6 In 1903
6
19,997,820
6
1,961,000
6
2,757,000
6
22.762,020
5 g.
3,498,000
1,500.000
5 g.
4 g.
2,797,000
3 i«g
4,850,000
4
7,702.000
i^g
9,900,000
3ia g.
20.694 500
5
al, 000,000
6
1,350,000
Whom.
Payable
M.
M.
M.
A.
J.
A.
M.
r.
j.
w,
& W. RR Mch. 1. 1907
do
do
May, 1923
N. Y., 120 Broadwav.
Nov. 1, 1931
O. N.Y..N.Y. Seo.&Tr.Co. Oot. 1, 1913
J. St. L. Union Tr., St. L. July 1. 1942
N.Y.,24StateSt.
May 3, '04, 2»«
do
o.
do
Oot. 1, 1917
do
N.
do
Nov. 1, 1910
&
&
&
&
&
&
&
&
A
&
N. Y., Del. L.
8.
N.
N.
J.
J.
Paterson, N. J.
A.
Tre's.off. .Concord, N.H
Philadelphia, Office.
do
M.&N^/
See
x
M.
J.
J.
M.
M.
M.
& London
Philadelphia, Office.
I &D./f
J.
July, 1904, 4%
July, 1904. 4%
Aug., 1904, 3%
May 31, '04, 3
July 1 1910
June 15, 1905
do
Phila. Offloe
-M. is
J.
j.
Dividend.
do
June
do
1906
1905
1919
1919
May
1943
1945
1921
1918
1913
May
1928
May
1938
1936
Sept.. 1919
June 1, 1928
May 1, 1912
Sept. 1, 1914
& J. Phila. offloe and London
Philadelphia, Offloe.
M.
do
do
& S.
& N. N.Y., Farm's L.&T. Co
& J. N.Y.,Far.L.&T. & Lon
& J. Phila., Pa.Co.for Ins.&o.
& D. Phila.,Provid'tL.&T.Co,
& N. Ph. & Am. Ex Bk.,N.Y.
& N. Phila., Broad St. Stat'n.
do
do
& N.
& J. N.Y.,Am.Ex.N.Bk.&Ph.
& 8 Phila., Broad St. Stat'n.
do
do
& D.
& N. Phila., Co.'s Office.
& 8. Phila., Girard Trust Co.
4 g. J.
500,000
M.
5
75,000
4 g. J.
4,000.000
4ia
M.
212,000
4g. M.
2,728,000
3ia g.
do
do
Q.-J.
1,000
2,400,000
3ia g.
Q.-F.
do
do
1,000
1,500,000
a Inol udlng $172. 700 bond s held a live in sink. fund.
6 Salt Lake Ry., the Oregon Short Line acquiring a half interest in the
San Pedro L. A. & S. L., to be completed between Los Angeles and
Salt Lake City by Jan., 1904. V. 79. p. 1705. V. 76, p 919, 1*56; V.
77, p. 38. Snafee River RR. is to build from Riparia, Wash., to Lewis-
ing.
$438,000
608,000
$1,000
1,000
1,000
1,000
1,000
100
o&r
2d mortgage, Income
Sun. & Lewis.. 1st M., $600,000, p.& L, g.GuPo*
Westchester, 1st mortgage, assumed
West. Pa., consol. mort., gold, assumed.. PIP.c*
River Front, 1st mortgage, assumed
Equip. Tr. gold bonds (s. f. 5 p.o.) not drawn....
1898-9
Penn. Rolling Stock Trust, g., $600,000 paid yrly
1899
Penn Car Trust, gold, $300,000 paid yearly
x On coupon bonds J. & J.; on registered bon ds A. &o.
bal., def., $1, 1 33.
Outstanding
1845
15,
July
1,
Sept. 1,
Sept. 1,
1,
July 1,
July 1,
June 1,
Nov. 1,
1,
1,
July 1,
Oot., 1905-08
Nov., 1905 09
1904, includes $6,887,000 of capital stock. V. 78, p. 1785. In June,
1902, made a new trafflo agreement for three years with the Pacific
Mall Steamship Co. V. 74, p 1252.
Dividends. 5 '85 '86-7 '88 '89 '90 '91 '92 '93 '94-00 '01 '02 '03 1904.
2 2 None 2 4 4 Below.
Since '84 p.ct. ( 10 nil. 23 9 5 5
In 1903, Apr., 2 p. c; Oct., 2 p. c; 1904, Jan., 4 p. o May, 2i2 p. c.
Bonds.—The mortgage of 1897 is for $4,000,000; sinking fund
$150,000 yearly; bonds may be drawn for s. f. or as a whole at 105.
V. 65, p. 516. See also description in V. 66, p. 1046; V. 79, p. 904.
Tne subsidy bonds are secured by an assignment and pledge
made by the U. S. of Colombia (now assumed by the Republic of
Panama) to the trustees of $225,000 annually, of the annual subsidy
or rental to that extent payable to said government by the company,
and are drawn and paid off on November 1 yearly with any surplus of
the subsidy not needed for interest. V. 64, p 705.
Earnings -For 6 mos ending June 30. 1904, gross earnings of railroads, $795,510; net, $452,881; net of steamships, $73,145; other
inoome, $35,588; total net Inoome. $561,614; appropriations and
fixed charges, $250,533; bal., sur., $311,079. V. 79, p. 904.
Annual Report.—The report for 1903 in V. 78, p 1337, showed:
Net of
Year
Qross RR.
Net RR.
Charges,
Surplus,
to Dec.31. Earnings. Earnings. Steamships.
etc.
Incl. Other Inc.
1903
$1,267,571 $705,331
$53,318 $833,637
$401,068
1902
23,122
644,635
830,409
1,239,345
295,384
The charges above in 1903 include Subsidy payment $25,000; Interest on bonds, $165,£85; redemption of bonds. $312,060. eto.— (V.
77, p. 512, 2281; V.78, p 1387, 1447, 1782; V. 79, p. 213, 904, 963.)
Paterson 6c Hudson River.— Owns from Marion. Jersey City,
N. J. (south of Bergen Junotion), to Paterson, N. J., 14 miles, double
track. Leased in perpetuity, at $48,400 per year for road, $5,000 for
land in Jersey City and taxes, to Erie RR., forming part of main line.
Paterson 6c
Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of main line of Erie RR.,
to which leased Sept., 1852, during legal existence, at $26,500.
Pecos Valley 6c Northeastern Ry.—Road.— Owns from Pecos City, Texas, to Amarillo, Texas, 370 miles. In Deo., 1900, the
Atchison Topeka & Santa Fe acquired over 97 per oent of the $2,916,000 bonds (50-year gold 5s of 1948) and 97 per cent of the oommon
and preferred stooks ($3,162,000 each), but the road will be operated
Independently for the present. V. 72, p. 88, 137; V. 73. p. 736.
Report.—Year 1902-03: gross, $887,435; net,$351,057: otner Income,
$6,439; int. and taxes, $162,3D6; surplus, $195,099 —(V. 73, p. 900.)
Pemigewasset Valley
Plymouth, N. H., to Lincoln, N.H.,
23 m. Leased to Concord & Mont for 6 p.c.on stock; op.by Bos. & Me.
Pennsylvania
(See Map).—The system, as shown on the adJoining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo, Chicago and Burlington on the
north, and to Washington, Cincinnati, Louisville and St Louis on the
south. The total system on Jan. 1, 1904, aggregated 10,914 miles, of
whloh 3,724 miles represent the mileage operated directly under the
oaptlon "the lines east of Pittsburg and Erie" and 2,990 miles the
mileage operated direotly under the caption "the lines west of Pittsburg and Erie," the latter being more fully described under the title
Pennsylvania Company and Pittsburg Cincinnati Chicago A St. Louis.
Tho balance of the system is operated independently.
MOes.
East of Pittsburg <& Erie.
Main Line and Branches—
Miles. Other lines (includ. D. 4 R. Canal,
66 m., and ferrie*. 2 m
435
Philadelphia to Columbia, Pa
81
Philadelphia, Pa., to New Boston,
Total in Penn. RR. statistics, 3, 7*4
eto
210 Trackage
84
;
:
Ramapo RR.—
RR.—
RR.—
)
Harrlsburg, Pa., to Pittsburg, Pa.
248
Branches and ipurs
653
Total main line and branches.. .1,092
Lines operated by lease or contract
Har. Ports. Mt. Joy & Lan. RR.T
DillersvilletoHarrisb., Pa.,etc.
United New Jersey RR.T
Trenton to J ersey City, etc
Philadelphia & Trenton RR.T
Allegheny Valley Ry.T
West. New York & PennT
Connecting Railway!
Lines operated under contractBald Eagle Valley RR.T
Cambria & Clearfield RR.T
Southwest Pennsylvania Ry.T
Pittsburg Va. & Charleston Ry.T.
Belvidere Delaware RR.T
Philadelphia & Long Branch RR.
Delaware River RR. & BridgeT....
Philadelphia
&
Brie RR.T
53
145
26
282
548
86
93
374
124
83
81
49
10
307
Reported Separately—
Phil. Baltimore & WashingtosT... 704
Northern Central Ry.T
450
West Jer. & Seashore RR.T (Incl.
ferries, 2 m.)
831
Cumberland Valley RR.T
Long IslandT
163
392
Atlantic Ry
88
Grand total east of P. & B
5.862
West of Pittsburg Erie.
Bait. Ches.
(T
&
&
—
See each Co.)
Reported Directly
MUes.
Chicago & St. LoulsT... 1,651
Pennsylvania Company linesT .... .1.339
Total reported directly
2,990
Pitts. Cin.
Reported Separately—
Grand Rapids & Indiana linesT.
Terre Haute & Indianapolis^
. . .
582
659
Other lines (see Pa. Oo.statement ) 831
Total system Jan. 1, 1904
10,914
H See each company's statement.
Organization, Leases, Ac—The oharter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company controls
all the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. In 1900-1 the Penn. RR. purchased a large interest In the stook of Baltimore & Ohio RR., Chesapeake <fe Ohio Rv.
ftn
orrolk & Western Ry. V. 70. p. 76, 231, 687; V. 72, p. 481,
?
581; V. 76, p. 484
In 1900 aoquired most of the stooK and income
bonds of the Western N. Y. & Penn. Ry. V. 72, p. 481.
The Baltimore & Ohio, together with the Vanderbllt interests, in
1901-02 came into virtual control of the Reading Co. V. 76, p. 102
£
1846
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
.
.
.
.
RAILWAY STOCKS AND BONDS.
OCT.j 1904. J
RAILROADS.
For explanation of column headings,
on first page of tables.
ifec,
Mllee Date
of
see notes
of
Size, or
Amount
Par
Road. Bonds Value. Outstanding
1847
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Whom.
Dividend.
Payable
Cent.
Pennsylvania RR. -( Concluded)—
Penn. Car Trust, gold, $700,000 paid yearly
Fenn. Equipment Trust, g., $200,000 _paid yearly
do
$400,000 paid yearly.
do
do
$400,000 paid yearly...
do
Penn. Steel Car Trust, g. $700,000 paid yearly..
$300,000 v
do
do
g., «,^ vv v ^v, paid yearly.
Penn. Steel Equip. Trust, g., $500,000 paid y'rly
do
do
g., $500,000 paid y'rly
do Roll'g Stock Tr., g $200,000 pd. y'rly
r
Del. Ave. Market 1st mortgage
Delaware Ave. Bloodgood property
r
Penn. RR. real estate puron. money g. M.F.o*&r
Pennsylvania Oompany— Bond.6, gold, guar... o*<fer
Gu. tr. ctfs., $20,000,000, g., gu.Pa. RR., ser.A.r
do
do
ser. B.OP. ..o*
do
do
ser. C
do
do
o*
do
$1,334,000 dr. y'rly, g., gu. Pa. RR.GP
.
,
....
«...
....
....
....
....
....
....
....
••••
....
....
....
....
....
1900 $1,000
1900
1,000
1901
1,000
1902
1.000
1902
1,000
1902
1,000
1903
1,000
1903
1,000
1903
1,000
1889
5,000
1892
1,000
1893
1,000
1881
1,000
1897
1,000
1901
1,000
1902
1,000
1901
1,000
1904 5.000&O
$4,200,000
1,400,000
2,800,000
3.200.000
5,600,000
2,400,000
4,500.000
4,500,000
1,800,000
300,000
200,000
2,000,000
19,467,000
4,895,000
9,687,000
5,000,000
15,998,000
50,000,000
5,508,354
RR.FFo ....
Car trusts (June, 1904)
dk North Western— See Cambria & Cl EARF1 ELD R y.
Pennsylvania
Peoria <t Bureau Vol.— Stk., 8 p. o. rent'l C. R.I.&P
47
100
Peoria <t Eastern— Ind. Bloom. & W. 1st M..pf .CeoAr 202 1879 100 Ac.
Collat. betterm't notes, gold, gu.
by Pa.
Ohio Indiana & West. 1st M., pref., g.,lnt. gu.Ceo
P. A E. oonsol. M., $10,000,000, Int. guar.Ce.c
2d oonsol. mort., income, non-oumulativeCe
c
Peoria <& Pekin Union— 1st mortgage, gold
Ce.c
2d mortgage, gold. Ce
c
Pere Marquette— Common stock, $16,000,000.
Preferred, 4 per oent, non-cum., $12,000,000.
Refunding mortgage, $65,000,000, gold.N..o*&r
Underlying Bonds.
Grand Rapids Newaygo & Lake 8h. 1st M. 2d
Div.
342
342
342
20
20
....
...
10
1875 500
Pennsylvania RR. Co.— Concluded.
The Western New York A Pennsylvania Ry. and the Allegheny ValBy. were taken over under lease August 1, 1900, adding
about 829 miles to the system proper. V. 72, p. 491. In May, 1900,
purchased a majority of the Long Island RR. stook. V. 72 p. 481.
On April 1, 1902, SohuyUrill & Juniata was merged. V. 76, p. 484,
The Western Pennsylvania and other roads connecting with the main
line were merged Apr. 1, 1903. V. 76, p. 486, 594.
Securities Owned.—The total cost of these to January 1, 1904, was
8224,817,094, many of which are pledged to seoure Pennsylvania Issue?.
Revenue derived from these securities in 1903, $9,462,568.
Capital Stock.—Stock authorized, $400,000,000; the amount outstanding has been increased from time to time, chiefly by sale to
stockholders for new acquisitions, etc. See Gen. Finances below.
Drvs. 5 '84 '85 *86 '87 '88 '89 '90 '91 '92 '93-99 '00 '01 '02 '03 1904
5
5 5»s 5
5 5ia 6 6 5 y'ly. 6 6 6
p. 0. i 7
6 May, 3
La 1893 paid also 2 per oent in scrip.
Bonds.— Consolidatedmort. of 1873, see Supplement of October, 1901.
Tb e 4 per cent loan of 1881 is secured by Phlla. Wilm. & Bait, stock
For gold 3ias of 1902 see "General Finances." Mortgages and ground
rents payable June 1, 1904, $6,400,945. T. 77, p. 1875; IV. 78, p. 103.
General Finances.— In 1901 the authorized capital stock was increased by $100,000,000 to $251,700,000; $50,500,800 thereof being
subscribed for by stockholders at $60 per $50 share, raising the
amt. outstanding to $202,200,800. V. 7 2, p. 392, 533, 627, 1238, 1280.
The stockholders voted on Maroh 10, 1903, to authorize an Increase In the stock from $251,700,000 to $400 000.000, to be made
from time to time In the discretion of the directors, $50,000,000 of the
Increase, if deemed advisable, to be issued in convertible bonds. Of the
stock, $20,980,350 was issued April, 1903, in exchange for convertible
debentures. (See below.) In 1903 the company sold $75,094,750 new
stock at $60 per $50 share. V. 76, p. 383, 488, 594, 706, 1193; V. 77,
p. 37, 770.
In 1902 were Issued $50,000,000 10-year 313% gold bonds, dated
Nov. 1, 1902. of which $29,302,500 were converted in April
1903, Into stock at $70 per share, and balance are convertible at option of holder Into stook at $70 per share on any subsequent interest
day, on 30 days' notice; they may be called for redemption at 102 13 and
interest on any Interest day, but if called may be converted on basis
above stated. See V. 74, p. 577.
In June, 1901, obtained control of the Pennsylvania and Cambria
Steel oos. See "Industrial cos." and V. 72, p. 1280.
In 1904 the company was proceeding to construct a passenger
electric tunnel railroad from Jersey City under the North River
to a oentral passenger station at 33d St. and 7th Ave., New York City.
and thence under the East River to a connection with the Long Island
RR. in Long Island City. Completion of the work, estimated to cost
about $40,000,000, will take several years. The tunnel will afford entrance into New York City for the Pennsylvania Railroad and
Long Island RR. andpermlt the sending of through trains by rail direct
from the South and west to all points In New England via the bridge
from Mott Haven to Long Island, which Is to be built by the New
York Connecting RR.; see V. 71, p. 913; V. 72, p. 1280; V. 73, p.
1264; V. 74, p. 380, 478, 831. 884, 1308; V. 75, p 1203, 1302, 1355.
New bond issues of subsidiary companies in 1903 4, see V. 77, p.
1534; V. 78, p. 584, 703, 1110, 1276. These described fully under title
of eaoh company include with others:
Phlla. Bait. & Wash. 4s.
$10,000,000 Penn. Co. \\i p. c. gu. notes.$50,000,oco
Long Island RR.4e, guar... 10,000,000 Pitts. Va. & Charl. *s, guar. 8.000.00U
In June, 1903, allied interests purchased $6,924,200 of the $11,000,000 Hocking Valley Ry. oommon stock; seethatCo. V. 77, p. 1225
Extensions and improvements, see V. 76, p. 487, 488, 594 V. 77,
p. 1294; V. 78, p. 825 to 828.
Latest Earnings.— Jan. 1 to Aug. 31 (8 months), directly operated.^
Lines east of Pitts- ) 1904
Gross, $76,476,669; net, $22,371,356
burg
Erie.
$1903
Gross, 82,191,969; net, 25,210,456
Lines west of P. & E., inc. or dec. .Gross - $2,034,400; net,
—757,200
Annual Report.—Fiscal year ends Deo. 31. Annual meeting is held
at Philadelphia on second Tuesday In Maroh. The report for 1903 was
given at length In V. 78, p. 825, 984 see also editorial p. 957.
.
|
1
;
&
;
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
Year ending Dee. 31—
1903.
1902.
1901.
Miles operated
3,724
3,706
3,739
Gross earnings
$122,626,419 $112,663,330 $101,329,795
Net earnings
$37,853,363 $37,612,259 $36,070,252
Int. on Pa. RR. investments..
9,462,569
8,118,861
7,781,720
Int. on United N. J. securities
221,482
253,543
255,170
Int for use of equipment
421,537
394,700
444,489
Miscellaneous
637,373
272,773
103,535
Gross lnoome
$48,596,324 $46,652,136 $44,665,166
Deduct— Rentals
$12,097,233 $11,605,948 $14,643,144
Interest on funded debt
5,570,974
5,095,883
4,254,585
Interest on stock allotment
100,210
Int. on morts. A gr'drents..
197,059
i72,si'9
162,637
Car trunt payments
3,581,049
2,050,480
1,503,173
Interest, general aooount. .
74,168
200,678
Equlp.tiuat loan sink. fund.
136,400
136,400
136,400
State taxes and mlsoellan.
2,091,506
1,666,974
1,560,219
Total
$23,774,431 $20,802,172 $22,460,836
3ifl g.
do
do
do
do
do
3i«
31a
313 g.
3ifl g.
3»s g.
do
do
do
do
do
July,
Oct.,
Mar.,
May,
Aug.,
Moh.
Philadelphia.
Philadelphia.
43 10
4*io
4iflg.
3^3 g.
3ia g.
3ia g.
3iag.
4ia g.
N. Y. and Philadelphia.
New York.
g-
Phlla.,
4g.
U)
19,000
F. & A.
A. & O.
Q.-J.
A. & O.
See text
Q.-F.
M. & N.
See text
&
&
&
F.
J.
J.
A.
J
Go. Tr. Co.,
etc,
1,
May
1,
1,
Sept. 1.
Feb. 1,
Deo. 1,
Nov. 1,
Oct. 1,
July
N.Y.,Unlon Tr. A Phlla.
do
do
do
do
Various
1905-10
1904-10
1905-11
1905-12
1905-12
1905-12
1905-13
1905-13
1905-13
Sept. 1,
N. Y., Farmers' L. & Tr.
N. Y.. Nat'l City Bank.
4
S*
<feo.
ley
3ia g.
8
1,500,000
4
985,100
500,000
8,500,000
4
4,000,000
1,495,000
6g.
1,499,000
4*ag.
14,145,500 See text.
10,512,200 4 in 1904
1888 500 &o.
1890
1,000
1890
1,000
1881
1,000
1885
1,000
...a
100
100
1904 l.OOO&o
Phlla.,Glrard Trust Co. Feb.,
Comm'l TruBt Co., Phil, Deo.,
do
do
June,
do
do
Moh.,
3iflg.
3»o g.
1909
1912
1928
1921
1937
1941
1942
1916
1905
Various dates.
N. Y. ,Ch.B.I. & Pao. RR. Aug.10,'04,4%
N.Y., J.P. Morgan & Co. Apr. 1, 1940
do
do
do
do
4 p.o. paid Apr. 1, 1904
N. Y., Central Trust Co.
do
do
N. Y.R.Wlnthrop & Bos.
do
do
New York.
Apr.
Apr.
Apr.
Feb.
Feb.
1,
k
1,
1,
1938
1940
1990
1921
1921
Mar.l 5/04,1
Aug.25,'04,2%
July 1, 1954
D. N. Y., Un. Tr. & Boston
June
1,
1905
1903.
1901.
1902.
$24,821,893 $25,849,964 $22,194,330
$149,424
$129,429
$109,673
Payments—To trust fund....
401,810
402,100
402,390
Oonsol. mortgage.redeemed...
9,477,728
12,505,000
10,824,595
Extraordinary expenses
Balance
$10,028,962 $13,036,529 $11,336,658
Balance to credit of lnoome.. $14,792,931 $12,813,435 $10,857,672
(6)14,792,931(6)12,262.491(6)10,857,672
Dividends
None
$550,944
$24,742,225 $24,310,476
8ARNING8 ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND BRIE.
1902.
1903.
1901.
Year ending Dec. 31—
Gross earnings
$242,517,758 $220,079,320 $198,626,878
67,539,511
67,138,320
64,913,492
Net earnings
Officers—President, A. J. Cassatt; 1st V. P., John P. Green, 2d
V. P., Charles E. Pugh; 3d V. P., S. M. Prevost; 4th V. P., Samuel
Rea; Secretary, Lewis Neilson; Treas., Henry Tatnall. N. Y. office,
85 Cedar Street.
Directors— Alexander M. Fox, N. Parker Shortridge, Rudulph EUis, Alex-
To credit of profit and loss
Bal. profit
ander
and
loss Dec. 31....
$24,742,225
Amos
R. Little, William H.
J. Cassatt, Clement A. Grlscom,
C. Stuart Patterson, Effingham B. Morris, Thomas DeWitt
Wood,
Barnes, Geo.
Cuyler, Jas.
McCrea, Lincoln Godfrey, John P. Green, Charles B. Pugh. Sutherland M. Prevost,
Samuel Rea.-(V.
78. p. 1788, 196H, 2335; V. 79, p. 968, 1332.)
Pennsylvania Company.— (See Hap Pennsylvania BB.)—Owaa
no road In fee but has charge of all the system of the Pennsylvania
Railroad Co. west of Pittsburg, viz.: (If See this oompany).
Controlled by stock, etc.:
Miles.
Leased by transfer from Pa. RR.:
Miles. Pitts, Cln. Chic & St. L. If 1,358 49
Pittsb. Ft. W. & Chicago.. If 469 -89 Cln. & Muskingum Val... 11148-45
New Castle & Beaver Val. . If 14-98 Waynesburg & Washing.. 28-15
I
'
12-23
Massillon & Cleveland....
Erie & Pittsburg
1T84-47
1201-74
Cleveland & Pittsburg
Leased directly by Pa. Co.:
Pitts. Youngs. & Ashta. . . If 125-09
Toledo Wal. Val. & Ohio. . . 1 236-04
Indianap. & Vlnoen. RR.* If 137 -44
Controlled by stock or otherwise:
Cleveland & Marietta
If 103-13
15-27
Pitts. Ohio Val. & Cin.
3-51
Marginal RR.,Beav.F..Pa.
21-31
Soutn Chic. & Southern...
51-76
Branches W.N.Y.&Pa.Ry.
.
45-71
& Nor
Grand Rapids & Indiana.. 430-21
Cin. Leb.
Musk Gr. Rap. &. Ind.. 40-68
Traverse City RR
2600
Cin. Rich. & Fort Wayne 1T85-60
St. L. Vand. & Terre H.... 1T158-30
93-03
Logansport & Toledo Ry..
Terre Haute & Logansport 159 -36
123-22
Terre Haute & Ind'lis RR.
Terre Haute & Peoria RR. 14512
Oleve. Akron & Columbus. 196-97
9-65
Wheeling Terminal Ry . . .
,
Louisville Bridge...
Controlled jointly:
Yough.
Pitts. Chartiers
&
Total Penn. Co. lines... 1,47686
Tol. Peoria
2-45
1fl9-77
& Western.... 11230-70
161-97
Traokage
5,058*27
Ry.
Total of all lines
Organization—Chartered In Penn. April 7, 1870. Its $40,000,000
stook is owned by Pennsylvania Railroad. On Deo. 31, 1903, the Pennsylvania Co. owned sundry stocks and bonds having a value as per
balance sheet of $118,520,327, and yielding from Jan. 1 to Deo. 31,
1903, an lnoome of $5,960,576.
'94
Drvs. $'83 '84 to '91 '92
'93
95 to 1900 '01 '02 1903
p. 0. ( 4
4 Mar. 4 June 4
none
3
3
4
Bonds.—The gold bonds of 1921 are secured by leases of P. Fort W.
*
Operated by P.
O. C.
&
St. L.
6 C, the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds and
stooks having a par value In 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, "A," "B" and "O" were issued by
Girard Trust Co., Philadelphia, as trustee, under a deed of trust made
by the Pennsylvania Oompany and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p 0. guaranteed special stock of the Pittsburg Ft. Wayne & Chicago
Railway Co. The total authorized Issue of the trust certificates is
$20,000,000, eaoh series to be secured by deposit of shares of the
special guaranteed stook to an amount equal to the par value of the
series, the sinking fund having retired $309,000 to Oot., 1904. See
V. 65, p. 368, 572, 1116;. V. 67, p. 122; V. 72, p. 339. 490.
The $20,000,000 gold 3»» p. 0. trust certs, of 1901 were issued to
pay for acquisition of stooks of the Pennsylvania <fe Cambria Steel companies. They are guaranteed, principal and interest, by Penna. RB.,
and seoured by deposit of $15,000,000 Pitts. Cinoin. Chicago & St.
Louis preferred, $5,000,000 Norfolk
Western preferred and $5,000,000 Bait. Ohio preferred stooks, and are subject to call for redemption Nov. 1 annually by lot at par In 15 equal drawings. V.73,p.843,957.
In 1904 $50,000,000 of 4>a p 0. collateral betterment notes, due Oot.
1, 1905, guaranteed by Pennsylvania RR. and secured by deposit of
stocks owned having a par value of $83,900,000, were sold to provide
funds for Improvements and to re-pay advances by the Pennsylvania
Railroad Company. V. 78, p. 584, 703, 1276
Report.— Report for year 1903 was in V. 78, p. 1164, showing gross
on 1,525 miles, $36,602,934; net, $9,486,251; other lnoome, $5,960,576; interest, rentals, etc., $10,327,186; sink, fund, $1,583,137; dividend (4 p. 0.), $1,600,000; bal., sur.. $1,936,512. In 1902, gross, $33,
025,648; net, $9,717,219; other income, $5,413,983. In year 1903,
net income, $5,119,641; In 1902, net income, $5,783,985 —(V. 78, p.
1 1 64, 1276; V. 79, p. 1642.)
Pennsylvania
North West It.— See Cambria Clearfield Ry.
&
&
&
&
1848
RAILWAY STOCKS AND BONDS.
|
Vol. lxxix.
.
.
Oct..
RAILWAY STOCKS AND BONDS.
11104.
RAILROADS.
Miles
Date
Size, or
INTEREST OR DIVIDENDS.
per When Where Payable, and
Amount
of
Rate
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value. Outstanding
Cent.
on first page of tables.
Pere Marquette— (Concluded.)—
& West Mich. gen. M. ($12,000 p. m.).NB.o*
D.Gr.R. AW.. lstcon.(now 1st) M.,law. m.OB.o'
Flint & Pere Marq. M. ($1,000,000 are 4s) gold..c
o*
Consol. mortgage, g.Ce
c*
Pt. H. Div. 1st M. ($3,500,000), g., Ce
o*
Toledo Division, 1st mort., gold, IB
480
380
280
400
235
Ch.AN.Ml.l8tM.,gu.p.&l.endbyCh.AW.M.OBc*
Gr. Rap Kal. & 8. E., 1st mort., sinking fund.IB
Western Equipment Co., call at par
Equipment bonds, $1,200,000, part due semi an.
33
Chic.
1881 $1,000
1897 500&C.
1880
1,000
1889
1,000
1889
1,000
1897
1,000
1891
1,000
1897
1.000
19
89
....
....
.
1881
.
I
A
210
P.B.AW.M.,(lstonll7m.)$aO,000,eoo,g.Moc*Ar
1,000
Peorta A Bureau Valley RB,- Peoria to Bureau June, 111.,
47 miles. Leased in 1854 to Chicago Rock Island A Pacific RR. for
$125,000 yearly; dividends, usually 8 p o. yearly, occasionally more.
Peoria A Eastern By.— (See Map
Owns from Pekin, 111., to Indianapolis,
Olev. Oin. Ohic.
Did., 202 miles,
A
St.
Louis.)—
and has a
lien
Springfield,
of $5,000,000 on Springfield Division, Indianapolis to
Ohio, 141 miles; trackage, Pekin to Peoria, 9; total operated, 352 miles
Lease, Etc.—Formerly Ohio Indiana A Western, sold In foreclosure
Leased till Apr. 1, 1940, to
In 1890, reorganized per V. 49, p. 616.
Cleveland Cincinnati Ch. A St. L., which guarantees interest, but
not prinolpal, of the first consols and the underlying bonds, and owns
one-half the $10,000,000 stook, par $100. See Supplement of Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,000 stork of the Peo. A Pekin Union Ry., on which 6 p. 0.
yearly was paid 1895-1904. V. 74, p. 152.
Bonds.— See abstracts of mortgages of 1890 In V. 51, p. 246 and
of O. Ind. A Western mortgage, V. 47, p. 201.
Incomes.— Dividend on incomes 4 p. 0. yearly, paid April 1, 1902, to
1904, both inclusive, from earnings of preceding calendar year.
.Gross, $493,842; net, $124,121
Eabnings.— 2 months, ) 1904.
$1903
Gross, 481,837; net, 120,468
July 1 to Aug 31.
Snr. over 2 mos. ch'ges, $40,745 in 1904, agst. $37,092 lu 1903.
Annual Report.— For 1903-04 see lessee's report in V. 79, p. 899.
Tear end. June 30. Gross.
Net.
'Interest.
Balance.
1903-4
$3,069,693
$590,908
$564,260
$26,648
1902-3
2,947,237
641,367
564,260
77,107
•Includes $160,000 (4 p. o.) int. on incomes.
-(V. 76, p. 480, 811, 1031; V. 77, p. 296, 824; V. 79, p. 899.)
.
Peoria
Peoria
Pekin Terminal By.—See Street Railway Supp't.
A Pekin Union By.— Owns Pekin to Peoria, on both
A;
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 18 14; second main traok, 8-80; total main track, 26'94 miles
Mileage of side and yard tracks, 53*71. Capital stock, $1,000,000.
Owned by Peoria A Eastern (Cleveland Cin. Chic A St. Louis system)
A
Northwestern, Chic Peoria A St. Louis, Illinois Central
system, Lake Erie A Western and Toledo Peoria A Western companies.
Dividends 1895-1902, 6 p. o. per annum; 1903, 4 p. 0. Earnings for
year 1902-03, gross, $833,4 59; net over taxes, $225,172; charges,
$171,322; dividends, $40,000; balance, sur., $13,850.— (V. 74, p. 152.)
Chicago
Pere Marquette
RR.—
{See Map.)— System includes:
Lines owned in fee.
Miles.
Alexis (near Toledo) to LudOther lines, branches, eto
ington on Lake Michigan.
La
Crosse, Ind. to
Bay View,
Mich
Detroit to G'nd Rapids, Mich.
Saginaw & Port Huron
Huron to Grindstone City.
Grand Ledge to Big Rapids..
Pt.
Allegan to Pentwater
Walkerv., Ont., to St. Thomas
Sarnla, opposite Port Huron,
to Rondeau..
365
Miles.
Porter to Clark Jet., Ind
Trackage
466 Trackage Courtright Jet. to
167
International Bridge and
121
Niagara, N. Y.
125
Leased <G. B, Kal. A S. E.)—
167
Rapid City to Stratford. . .
133 London A Port Stanley
297
21
71
200
40
24
125
Total
2,396
74
The Pere Marquette Steamship Co. operates oar ferries Milwaukee
to Muskegon, and Ludington and Manistee to Milwaukee, etc.; Marqu.
A Bes. Dock ANav.; also on Lake Erie, between Rondeau and Con«iut.
t*
50
1880
1,000
1887
1,000
1887
1,000
1891
1,000
1892
1,000
1871
1,000
1871
1,000
1904 1000&C.
I
•{
1,000
....
Marquette equip't 1st M., guar., 8. f.. call at par
....
East.equip.lstM.,g,gu. p Al.,oallpar.text..* ,*t.c*
Pere Marquette consol. M., $50,000 ,000... F.c&r - - .
Lake Erie & Detroit River Div., 1st M., g Mo. .. 202
....
Pere Marquette coll. tr. M., g., call par
66
Saginaw Tus. A Huron, 1st M., p. A i. guar.N...
28
Rap. Beld. A Sag., 1st M., gold, inrst rental.
Gr.
c* Text.
Pere Marq. of Ind., guar. p. <fc i ..call at 105
c*
....
Marq. & B. D. & N., gu.p.<fci.. call 105, 8. f
...
Bull. & Niag. RR. & Ter., gu. p.&i. (V.76,p.l031)
Perieiomen— 1st M.,ser. I (lstl'n)g.,gu.p.Al.PeP.o* 383
1st M., ser. 2 (2d l'n) g., gu. p. & 1. (end.) PeP.o* 38-3
Peterborough RR.— Stock (rental 4 per cent)
Petersburg RR.—See Atlantic Coast Link RR.
73
Phil. dlBalt. Cent.—l st M.$2,500,000,$l ,200,000 4 I38
Phila. Baltimore <6 Wash.—Stook auth. $25,350,400
••
....
P. W. & B. (old Co.), plain bas. )
( ..r
All secured
..r
Plain bonds
....
by 1903
r
Plain bonds
S
....
mortgage.
..r
Plain bonds, gold
Plain bonds, gold
J
U-r
lJa
Potomac l8tM.(tun.)g.,B.t.,notdr'nx.c*
Bait.
1 st M., road, guar., gold, 8. fd., not drawn.. .xo*
92
|
5
$5,758,000
4
5,379,000
g.A6 g.
5,000,000 4
5 g.
2,850,000
5g.
3,500,000
5g.
400,000
5
1,667,000
5 g.
142,000
6
67,000
412
1,200.000
5
590,000
5g.
3,097,000
4g.
10,170,000
413 g.
3,000,000
2,870.000 3t«4g
4g.
1,000,000
260,000
?«•
675,000
4 g.
400.000
4^ g.
N'ne Deo.'03
5 g.
799,600
1,125,000
385,000
1904
1,000
190O
1,000
1903
1,000
1901 lOOOAc.
1902
1,000
1903
1900
1,000
1899
1,000
1903
1,000
1903
1,000
1903
1888 100 Ac
1888
1,000
100
1849
A
A
A
A
A
A
A
A
A
A
A
A
by
Dividend.
D. N. Y.. Un. Tr., A Boston.
2d Nat. Bank, Boston.
O. N. Y., R.Wlnthrop A Co.
A.
A.
A O
M.
N.
O.
A.
J.
M.
A.
A.
A.
A..
M.
J.
F.
A
&
J.
A
A
A
A
F.
M.
M.
A.
do
do
do
do
Intern '1 Tr.Co., Boston.
N. Bos., Nat. Webster Bk.
O. Int'l Trust Co., Boston.
O.
50 State St., Boston.
J.
O.
O.
S.
50 State St., Boston.
N. Y., R. Winthrop&Co.
do
do
J.
A. N. Y., Mori on Trust Co
D. St. L.Union Trust Co.
Tr. Co
A. N. Y., Sec.
S. Int'l Trust Co.. Boston.
N. N. Y., East'n Trust Co.
O N. Y., East'n Trust Co.
A
Q.-J.
Q.-J.
Phila.
Due.
8toc ks— Last
Whom.
Payable
J.
Bonds— Pnnoi
pal, When
Deo.
Apr.
Oot.
May
Apr.
July
May
Oot.
1921
1946
1920
1939
1939
1937
1931
1907
1909
2,
1,
1,
1,
1,
1,
1,
1,
1908
1951
1932
1923
1931
1924
1943
1933
1,
1,
1918
1918
Apr.
Ap.'05.0ct.'14
Oot. 1, 1910
Mar.
Jan.
Aug.
Jan.
Aug.
Mch.
May
Apr.
Reading Ter.Bld. Jan.
do
do
Nashua, N. H.
1,
1,
1,
1,
1,
1,
1,
1,
1.
Jan.
Oct., 1904,2%
A O.
Nov. 1, 1911
2,200,000 4ifl A 5 M. A N. Phila.. Penn. RR. Co.
23,489,150 4 in 1903 J. A J. Phila., Broad St. Stat'n. June,1904, 2%
J. A D. Phil.Of.;Bost.,Kld.Peab June 1, 1910
5
1,000,000
Apr. 1, 1917
do
A. A O.
do
4
1,000,000
M. A N. Phila., Broad St. Stat'n Nov. 1, 1922
4
1,000,000
do
do
Jan. 1, 1926
4g. J. A J.
930,000
A. A O
do
do
Oct. 1, 1932
4
1,000,000
6g. J. A J. Bait. Otflce and London. July 1, 1911
1,500,000
do
Apr. 1, 1911
do
6g. A. A O.
3,000,000
4 g. M A N N.Y.Am.Ex.N.Bk.APb. Nov. 1. 1943
10,570,000
The Peie Marquette RR. of Indiana line from New Buffalo to Por-
A.
ter, 21 tniles, has been operated since Deo. 1, 1903; whence 18 miles
of trackage to Chicago; the Chicago Terminal Transfer facilities are
used. V. 76, p. 383, 594, 52; V. 77, p. 948, 1534, 2093.
',
Stock.— Authorized $16,000,000 common and $12,000,000 4
p. 0.
non-cum. pref .; outstanding common $14,145,500, preferred as in table.
Dividend.— On pref., 1901, to Aug., 1904, both lnol, 4 p. 0. yearly
(F.AA.) Div. on common: 1 p. c, paid Aug. 1903; Dec, 1 p. c; 1904,
Mar., 1 p.
c.
Bonds— The refunding 4s
of 1904 ($65,000,000 authorized issue) are
issuable and reserved as follows:
Issuable by resolution of directors
$5,051,000
Reserved for extensions and second track at not exceeding
(standard gauge) com$25,000 per mile of single traok
pleted and equipped and $12,000 per mile of second
track, exclusive of switches and sidings
13,175,000
Reserved to retire a like amount of existing bonds
46,774,000
The collateral trust gold bonds of 1902 (limited to $2,870,000) are
secured by the entire capital stock ($1,400,000) of the Lake Erie
Detroit River Ry.. the National Trust Co., Limited, of Toronto, being
trustee, and are subject to call on any interest day on 60 days' notice.
They bear interest at 3 per cent to Dec. 1, 1905, and thereafter 4 per
cent to maturity. V. 75. p. 1302; V. 76, p. 213.
Lake Erie Detroit River Division mort., V. 76. p. 1356; V. 77, p. 89.
The Pere Marquette RR, of Indiana 1st 4s of 1903 (authoiized Issue,
$3,000,000, Eastern Trust Co. of N. Y., trustee,) will cover the road to
be built from New Buffalo, Mich., to Hammond, near Chicago, 46
miles, and be issuable at $25,000 per mile for single and $10,000 additional for double track, $500,000 being reserved for Chicago terminals. The first issue ($575,000) will be for 23 miles from New Buffalo
to Porter, Ind. V. 76, p. 919, 1193. See form of guaranty, p. 1356.
A
A
The Marquette A Bessemer Dock
A Navigation bonds (Eastern Trust
Co. of N. Y., trustee,) are guaranteed jointly, principal and interest,
by the Pere Marquette and Bessemer
Lake Erie. They are subject
to call in whole or part at 105, and 1 p. 0. must be called yearly for
the sinking fund at the same price, if not purchasable at a lower
figure. V 76, p. 706, 922. Form of guaranty, p. 1358.
The Buffalo Niagara RR. Term. Co. mortgage for $1,000,000 will
be secured by Buffalo terminals and 45 miles of road. V. ^6, p. 1031.
The Eastern Equipment 5s of 1903 are in two series -A for $1,500,000 and B for $2,0C 0,000 the entire Issue may be called on 6 months'
notice and $75,000 of the As and $100,000 of the Bs are redeemable
Mar. 1 yearly. V. 76, p. 866. Form of guaranty V. 77. p. 90. In Oct.,
19<>4. $1,200,000 equipment 4*ss were sold. V. 79, p. 1642.
There are also $54,000 series B equipment bonds maturing Oet. 1,
1908, and $112,000 Lake Erie A Detroit River Equipment 5s of 1904.
Report.— Report for 1903 at length was In V. 78, p. 1904, 1911.
Tear ending Dec. 31—
1903.
1902.
1901.
A
A
A
;
Gross earnings
Operating expenses and taxes
$10,387,560
7,168,501
Total net income
$9,201,175
7,110,212
$3,219,059 $2,444,841
86,100
Netearnings
Add net land receipts
$9,955,375
7,510,534
$2,090,963
50,519
$3,305,159
1,700,484
Deduct—Interest
$2,444,841 $2,141,482
1,451,705
1,356,389
(4) 420,416 (4) 420,446
159.241
152,500
200,000
Dividend on pref. stock
..(4) 420,238
Equip, bonds paid, diso't, eto
515,533
Transferred to Improvem't fund
V. 76, p. 383; V. 78, p. 103.
amalgamation.- In June, 1904, a syndicate of New York and other
capitalists purchased control of the Cincinnati Hamilton A Dayton
and the Chicago Cincinnati ALouisville and acquired $ll,f 00,000 of
the $1 4,1 45,500 Pere Marquette common stook, which, together with the
$1,854,500 of treasury common and $1,487,800 of treasury preftrred,
possession of which also passes to the syndicate, affords control of the
Pere Marquette. It is proposed to amalgamate or merge the three
properties. Perpetual traffic rights and use of terminal facilities over
the tracks of the Toledo Railway
Terminal Co. have also been secured, providing a physical connection between the Cin. Ham. A Dayton and ihe Pere Marquette, the two latter guaranteeing the $3,500,000 Tol. Ry. A Term. 4^2 per cent bonds, jointly and severally, principal and interest. V. 78, p. 2443, 2600; V. 79, p. 213, 968.
Organization.— Incorporated Nov. 1, 1899, as a consolidation of
Chicago A West Miohigan Ry., Detroit Grand Rapids A Western RR.
and Flint A Pere Marquette RR., per plan in V. 68, p. 1024, 1181. The
Lake Erie A Detroit River Ry., 23 miles miles, including leased line,
24 miles, was taken over Jan. 1, 1903. An agreement for trackage
with the Michigan Central and Canada Southern from Courtright Jno.
to International Bridge and Niagara, 200 miles, extends the line
easterly to Buffalo, beginning July 18, 1904. V. 77, p. 2097; V. 78,
p. 2S0O.
In May, 1904, began to operate under an agreement, with right to
purchase,'the Manlstique Marquette
North., Manistique to Shingleton. 40 miles, with branch to McNeil's, 13 miles. V. 78, p. 2012.
The Marquette
Bessemer Dock
Navigation Co. including docks
at Conneaut and Fort Dover, on Lake Erte.ls controjied by the Pere
Marauette and the Bessemer
Lake Erie, see "Bonds" below. V,
76, p. 480, 594, 706, 922, 1034.
A
A
A
A
A
,
Balance, surplus
$385,600
$213,476
$212,147
For system, the earnings, includ'g lines in Canada (223 miles), were:
J ear
Gross.
1903. ...$11,356,435
Net.
Taxes.
Int. charges.
Ba>., sur.
$3,871,092 $403,930 $l,850,4-<4 $1,616,678
2,979,021
397,070
1,596,038
985,913
Officers.— Chairman, George H. Norman; President, Russell Harding; Vice-Presidents, Mark T. Cox, Newman Erb, New York; Vice-Pres.
and Gen. Mgr., Myron J. Carpenter; Sec. and Treas., Charles Merrlam;
Auditor, J. E.Howard; Directors, Oct., 1903, V. 76, p. 48. 1031; V. 77
p. 1534.— (V. 78, p. 2600; V. 79, p. 213, 270, 786, 968, 1642.)
Perklomen RR.— Owns from Perkiomen Junction, Pa., to Emaus
Junction, Pa., 383 miles.
Stock, $1,500,000 (par value of shares,
$50); owned by the Reading Co. and mostly deposited under its Jersey Central collateral 4 per cent mortgage of 1901. V. 72, p. 283. Reorganized in 1887. In year 1902-03, gross, $452,476; net. $236,681;
1902.... 10,590,415
interest
and taxes, $102,307— (V. 71, p. 1013; V.
72, p. 283.)
to Greenfield, N. H., lOJfl miles.
Leased April 1, 1893, to Boston A Lowell for 93 years at 4 p. 0. on
stook and expenses. Capital stock $385,000; par, $100 ; div., A. O.
Peterborough
Philadelphia
RR.—Wilton
&
Baltimore Central
BR.— West
PMla. to
Octoraro Jc,Md., 63 miles; Wawato West Chester, Pa., 9 m. (double
track, 11 m.); branch, 2 m.; leased, Chester Creek RR., 7 m.; Phila.
Baltimore A Washington holds $2,497,150 of the $2,499,189 stook;
For 1903 gross earnings, $1,066,454; net.incL other lnoome, $189,331;
charges, $173,189; bal., sur., $16,142.
Philadelphia Baltimore
A Washington RR.— (See
Map
Penn. RR.)- Operates from Philadelphia to Washington, D. C, and from
Wilmington, Del., to Delmar, DeL, with branches as follows:
RAILWAY STOCKS AND BONDS.
1850
RAILROADS.
on
first
page of
<fcc,
see notes
tables.
PMla.4 Ohes.V.—lstM.,vl.,olA 5s,red.'96,g.PePo*
1st m., old 4s, not pf., Int. reduo' in '96, g.PePo*
PhUa. A Brie—Common stock ($10,000,000 author.)
Special stock, 7 percent
Gen. M. (now 1st) gold, guar. p. & i. by Pa. RR..0
do
r
do
($5,263,000 are 5s)
PMla. <t Frankford—1st M., $500,000, gu.GuP.c*
Phil a. Germ. <£ Norrist'n— Stock rental., P. & R. Ry.
Phila. Harrisburg <£ Pittsburg— 1st mort., gold.o*<fcr
Phil.NewCndkN.Y— 1st M.,gold (see text)
o*
dk
rrewfoM^-Stook 10
Par
—
&
—
&
307
307
307
307
1869
1869
1892
1,000
1,000
1,000
1890
1892
1,000
1,000
50
30
47
22
100
50
1886
1885
1900
29
75
8
134
151
193
193
1890
1893
1897
1899
1897
1898
1899
1900
1901
1892
1,000
100
100
>>•
...
a
1865
1883
1,000
1,000
—
Lines controlled, leased, etc.
Philadelphia
Bait. CentralU .
Miles.
Wash
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
Preferred stock
1,095
Union & Logansp't 1st M.(U'nCityto Logans.). .o*
93
Ohio. 8t. L. & Pitts oon.M. ($22,000,000)g.Un.o&r
580
Lines owned—
1,000
1,000
1,000
50
50
Bessemer eq. trust, $75,000, g., ea. July l.UPI.
Conneaut equip, trust, part due yearly, g.FPi..
Shenango equip, trust, part due yearly, g.UPI..
Greenville equip, trust, $100,000 due y'ly, g.CPl
Butler equipment trust, $2,050,000 UP!
Pittsburg Ohartiers dk Tough'y—Stock, $1,000,000..
19
Gen.M. $l,000,000,g 7 gu.p.Al.(end.)FPi See text
Pittsb'g Cincinnati Chic. dk St. Louis—Com. stock
1,095
Philadelphia to
$500
500
50
50
1888
1888
27
<£ Cumberland
Stock, 5 per cent rental.
lBt mortgage, gold, interest rental.OTe
o*
Pine Creek— 1st M., guar. prin. and interest (end.)r
Pima dk Troy— 1st M., $250,000, g., gu. p. i
o
Pittsburg Bessemer dk L. E. Com., 3 p. o. rental.
Pref. stock, 6 per cent oum., guar, by rental
Plttsb. Shen.
Lake Erie, 1st mort., gold.Ce..o*
Consol. 1st mort., for $4,800,000, gold.Ce...o*
Pitts. B. A L.E., consol. M.. $10,000,000, g.Us.o*
Debentures, gold, $2,000,000. See text.UPi. .
Piedmont
&
,D.O.,via
Baltimore (all double track*. 136
Bo wie to Pope' s Creek, Md
49
Branches to Delaware City, etc. 27
DelawareRR.fi
Delaware Md. & Va. IT
other lines (5)
80
249
98
65
704
Total (11 see this company)
Organization.— A consolidation Nov. 1, 1902, of the Philadelphia
Wilmington & Baltimore RR. and Baltimore & Potomac RR. V. 75,
p. 395, 1032. As to proposed new terminals at Washington, D. 0., see
V. 76,
p.
594, 812.
Stock.— Stock authorized, $25,350,450; outstanding Jan. 1, 1904
$23,489,150, of which $23,132,200 owned by Penn. RR. and $352,200
by Northern Central Ry.; of the stock, $3,000,000 was exchanged in
1903 for Bait. & Pot. consols, and $5,425 is reserved for the stocks of
the old companies not yet exchanged; par of shares, $50.
'92 '93 '94 '95 '96 to '02.
Slnoe,
5
see below.
(P. W.AB.)! 7% 7
6
6
7 7% 7 6%
7
la 1902, Jan., 4 p. o.; July 3 p. c. First div. (semi-annual* since
consolidation, 2 p. c, paid Deo. 31, 1902; slnoe, 4 p. o. yearly (JAD).
Bonds.— The first mortgage of 1903 ($20,000,000 authorized) is a
first lien ou the Philadelphia- Baltimore division, 117 miles, all doubletracked, and also secures pari passu the $4,930,000 debentures of the
B. (see p. 4 of Sdpp. of April, 1895). and is a second
former P. W.
lien on the line from Baltimore to Washington. Of the bonds $10.570,000 weie sold, the proceeds to be used chiefly in connection with
the new terminals aud anproaches in Washington, the balance being
reserved to retire the debentures and Baltimore
Potomac bonds.
V. 78, p. 49. Mortgages, etc, 1903, $185,765.
Earnings— 8 mos., ) 1904
Gross, $8,990,216; net, $2,288,920
Jan.. 1 to Aug. 31. $1903
Gross. 8.965,816; net, 2,430 820
For 6 mos. ending June 30, 1904, gross, $6,572,749; net, $:, 47 2,238,
against $1,719,260 in 1903; other income, $225,622; all deductions
including $278,156 rentals paid roads operated for net earnings),
J1875,686; dividends (2 p. o.), $*69,,fe3, bal., sur., $352,891.
Report.— Statement tor 14 mos. ending Deo 31, 1903, was in V. 78'
other In
p. 1168, showing gross, $15,760,912; net, $4,444,488;
come, $824,037; int.. taxes, rentals, etc., $2,060,816; divs. (6 p. o.)
$988,981; bal., sur. $2,218,728, all applied to extraordinary expenditures.— (V. 78, p. 49, 103, 343, 1168; V. 79, p. 270, 1023.)
Dividends.
'88
'89
'90 '91
&
&
Philadelphia
A.
to Downington, Pa.,
$50)
is,
Chester Valley RR.— Road from Bridgeport
239 miles. Chartered in 1888. Capital stock (par
common, $550,000
;
preferred. $205,100;
total,
$755,100, of
which Reading Company owns $454,450 common and $205,100 preferred, of which $450,000 common and $205,100 preferred are deposited under its general mortgage of 1897.
The Reading Company
guarantees the bonds, with interest reduced. See V. 63, p. 1064.
Philadelphia 6c Erie RR.— (See Map Penn. RR.)— OwnsSunbury
to Erie, Pa., 288 miles; branohes, 19 m.; double track, 157 miles
Organization, Lease, Ac— Formerly Sunbury A Erie. Leased to
Pennsylvania RR. Co. for 999 years, and aotual net receipts paid ae
rental. Pennsylvania RR. owned Deo. 31, 1903, $3,499,800 oommon
and $2,400,000 special stock and $3,944,000 general mortgage bonds,
and olty of Philadelphia (sinking fund) $2,250,000 oommon stock.
Dividends,
%.—
24477777
00002444
'92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04
Special stock..
7
7
Common stack 2
2
Earnings.— 8 months, ) 1904
Jan. 1 to Aug. 31.
5 1903
None
None
Gross, $4,959,722; net,
Gross, 5,164,432; net,
Annual Report.— Report for 1903 was given in V. 78, p.
Tear end. Dec. 31—
1903.
1902.
1901.
Gross earnings
$7,781,186 $6,423,192 $6,789,689
Total net inoome
2,387,535 2,110,335 2,725,740
Interest on debt
1,019,150 1,019,150 1,019,150
Div. on special stock
168,000
168,000
168,000
Div. on com. stock.... (4%) 319,400(4)319,400(2)159,700
Interest on equipm't,
718,745
588,018 1,202,722
Ac
Balance
-(V. 74,
p.
$1,690,5C0
1,670,350
S16
1900.
$5,824,626
2,086,010
1,019,150
168,000
757,491
.8r$16?,240sr.$15,766 8r$176,168sr.$141,369
526; V. 75, p. 30; V. 76, p. 383, 539; V. 78, p. 703, 816.)
Philadelphia
Frankford, Pa.,
6c
26
Frankford
miles.
RR.—Owns from
The $500,000 stock
Company
is
its
Cresoentville to
owned by Reading
of which $498,950 is deposited under
mortgage of 1897V
In 1898 interest on bonds reduced from 5 to 4 per oent, principal and
interest being guaranteed by Reading Co.— (V. 67, p. 1358, 1357.)
Phila. Germ,
Philadelphia
6c
Chestnut Hill
Germantown
RR .—See Connecting Ry.
RR.—
6c Norrlstown
Phila.,
Pa., to Norrlstown and Germantown, Pa., 20*66 miles; second traok.
20 miles; 3d track, 259 miles; total track, 99 m.; leases Plymouth
RR.. 9 miles. Leased Nov. 10, 1870, to Phila.
Reading for 999 years;
rental, $277,623, including $8,000 yearly for organization expenses.
&
Philadelphia Harrisburg
6c
Pittsburg
Amount
Outstanding Rate per When Where Payable, and by
Road. Bonds Value.
Cent.
Payable
Whom.
Penn RR.
p. c. rental,
Bonds— Prin ol-
INTEREST OR DIVIDEND8.
Size, or
of
of
& Reading Ry.— SEE READING C OMPA NT.
Philadelphia
Phila.
Date
Miles
For explanation of column headings,
[Vol. lxxix.
RR.— Harrisburg,
Pa., to Shlppensburg, on the Western Maryland RR.. 47 m.; 2d traok,
3-38 m.; sidings and laterals 17*47 miles. Leased October 15,1890,
for 999 years at 5 p. o. on stock, Interest on bonds, taxes and
expenses to the Philadelphia A Reading RR., which by endorsement
on each guaranteed the bonds, principal and interest. Lease assumed
in 1896 by Philadelphia A Reading Railway. Stook, $2,000,000 (par.
$280,510
100,000
3 g.
7,985,000 4 in 1903
2,400,000 7 in 1903
&
&
A.
A.
Philadelphia.
O.
O.
Semi an
do
Phila.,
do
Broad
Yearly. Phila., Broad
8,680,000
J. & J.
11,143,000 4g.A5g A. & O.
fi- F. & A.
500,000
* g2,246,900
12
Q.-M.
2,000,000
5g. A&015
1,417,000 See text. A. & O.
See text.
10
Q.-J.
650,000
5
F. <fe A.
650,000
5 g- F. & A.
3,500,000
6
J. A D.
225,000
4 g- M. A N.
10,000,000
A. A O.
3
2,000,000
6
J. & D.
3,000,000
5 g- A. & O.
658,000
5 g. J. A J.
6,342,000
5 g- J. & J.
2,000,000
5 g- J. A D.
150,000
6
J. & J.
240,000
M. A 8.
6
653,000
5 g- A. & O.
1,000,000
5 g- M. & N.
2,050,000
5 g- A. & O.
700,000 4 Jan '00
A. & O
316,000
24,780,000 3 in 1904 F. & A.
27,452,000 4 in 1904 J.
J
715,000
A. &
7
1,506,000
5 sr. A. A O
&
O
St. Stat'n.
St. Stat'n.
and London.
do
pal.When Due.
Stocks— Last
Dividend.
Apr. 1, 1938
Apr. 1, 1938
July 8, '04, 2%
Deo.31,'03,7%
July 1, 1920
July 1, 1920
Phila., Broad St. Stat'n.
Phila. Comp'y's office. Aug. 1, 1922
Phila. „Mar.&Mer. Bldg Sept. 4, '04, 3%
Phila., Comp'y's office. Oct. 15, 1925
do
do
Oct.
1,
1942
Company's Office Oct., '04, 2ifl%
Check from Co.'s office. Aug. 1, '04,21*,
Baltim.,Hambleton&Co Aug. 1, 1911
N. Y. Gd. Cent. Station. Dec. 1, 1932
Dn. Sav. Bk. & Tr.,Cin. Nov. 1, 1939
Check from Co.'s office. Oct. 1, *04, li«
do
do
June 1, '04, 3%
N. Y. Central Trust Co. Oct. 1, 1940
do
do
July 1, 1943
N. Y..U.S. Trust Co.
Jan. 1, 1947
Un. Trust Co., Pittsb'g. June 1, 1919
Phila.
,
do
do
J'ly 1, 1905-06
Fid. Tit.
Tr., Pittsb'g. Mch. 1, 1905-8
Union Tr. Co., Pittsb'g. Apr. 1, *05'13
do
do
May 1, 'll-'20
&
do
Apr. 1, 1921
Jan. 15/00, 4%
do
do
Apr. 1. 1932
N. Y., Farm. L. A T. Co. Aug.l5, f 04,li«
N.Y.,Farmers' L'nATr. July 15,'04,2%
N. Y., Union Trust Co.
Deo., 1905
do
Pittsburg, Office.
do
do
Oot.
1,
1932
$50) .owned by Reading Co., of which $1,995,000, along with $1,472,000
of the bonds also owned by the Reading Company are deposited under
its general mortgage of 1897. Mortgage is for $2,000,000.
Philadelphia
Newtown
6c
New York RR.— Philadelphia to
Newtown, Pa., 22 miles; sidings and laterals, 3-42 miles. Stock—
common, $1,225,000; preferred, $400,000; par, $50. Of the bonds,
$849,100 (with coupons only partly paid— see V. 64, p. 331), are owned
by the Reading Co. and deposited under its general mortgage of 1897.
In Ootober, 1898, interest on $507,000 bonds was reduced to 3 per
cent, from April 1, 1897, and made a first charge, that on remainder
of issue being left at 5 per cent subject to said agreement. V. 68, p.
773. Current liabilities June 30, 1903, $288,744. Year ending June
30, 1903, gross, $119,060; net, $16,151; oharges, $17,635.
Philadelphia
Philadelphia
6c
6c
Reading RR.— See Reading Company.
Trenton RR.—Phila. (Kensington), Pa.,
to
Morrisville, Pa., 24 miles, mostly four-tracked, and branch 3 miles. On
June 30, 1871, leased, with the United Cos. of N. J., for 999 years to the
Penn. RR. at 10 p. o. on $494,100 stook, the total issue being $1,259,100, the balance being owned by the United RR. of N. J.
Piedmont 6c Cumberland Ry.—Road from W.V. C. Junction, W.
Va., to Cumberland, Md., 29 m. Under the new lease of '99 the W. Va
Co. A Pitts. Ry. receives all revenues and pays all expenses, 5 p. o. Int. on
bonds and 5 p. c. F.AA. on stook, of which it owns 92 per oent. V.
Previous dividends: 1894, 5 p. o.; 1895,
1898, 4; 1899, 4.— (V. 69, p. 492; V. 73, p. 785.)
Pine Creek Ry.—Owns Stokesdale Junction, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. Organization.— N. Y.
Central controls the capital stook and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable quarterly, Q.-F., bond
Interest and taxes.— V. 68, p. 379,573, 773, 872. The 1st mortgage is
guaranteed by the Reading and the New York Central, Jointly and
severally. See form of guaranty, V. 56, p. 650. 8took, $1,000,000
(par, $50); July 1, 1904, NY. Central owned $999,000.— (V. 68, p. 573.)
69, p. 590. 592; V. 73, p. 785.
6;
1896,
1897,
6;
5;
Pittsburg Ressemer
Lake Erie RR.— Owns
line comBessemer, near Pittsburg, Pa., to
Conneaut Harbor on Lake Erie, and Wallace Junction, Pa., 155
miles; terminal in Erie, etc.. Pa., 2 miles; branohes, 21 miles; leases
Meadvllle Conneaut Lake A Linesville RR., Linesville to Meadvllle, 22
miles; trackage to Cascade, near Erie, etc., 13 miles; total, 213 miles.
Most of road owned was to be double-tracked In 1903. V. 75, p. 1203.
Organization, Etc.—A consolidation Jan. 14, 1897, of the Pittsburg
Shenango A Lake Erie and the Butler «fc Pittsburg. Carries iron ore
south and coal north. See V. 63. p. 1159; V. 65, p. 152. Boat lines to
Canada, see V. 77, p. 1228; V. 76, p. 1358, 922; V. 61, p. 241, 795.
Of the stock $5,500,500 com. and $500,100 pref. are owned by the
Carnegie Co. and deposited under its collateral mortgage. Leased
for 999 years from Apr. 1, 1901, to the new Bessemer & Lake Erie
RR., a subsidiary organization of the Carnegie Co. for 6 per oent on
pref. and 3 p. o. on oommon stook, Interest on bonds and organization
expenses, etc., the lease being guaranteed by the Carnegie Co. V.
72, p. 137. Through Carnegie Co. is controlled by U. 8. Steel Corpo'n.
Bonds.— Debentures of 1899 may be called after June 1, 1909, upon
company paying *$ per oent for eaoh year of unexpired term.
The P. B. A 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 oompany, including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the 5s of
1897 $4,800,000 reserved to retire Pittsb. Shenango A Lake Erie bonds.
Earnings.— Report of lessee for calendar year 1902 was in V. 76»
p. 749. In 1903 Bessemer & Lake Erie gross, $4,122,720, against $3-,
843,367 In 1902; net, $1,798,331, against $1,668,514
(V. 75, p. 1203.)
Pittsburg Chartlers 6c Youghlogheay Ry.— Owns from Chartrackage (Chartlers Ry.), 2 m.; 21 miles In
tiers to Beecnmont, 19 m.
Stock outstanding, $700,000,owned jointly by guarantors menall.
tioned below. Dividends— In 1895, 4 p. c; 1896, 11 p. o.; 1897, none;
1898, 7 p. o.; 1899, 1 p. o.; 1900, 4 p. o.; none since. Of the 4s naif
are guaranteed (endorsed) by Pitts. Cln. Chio. A St Louis, the other
half by the Pittsburg A Lake Erie. See guaranty, V. 56, p. 650. The
$303,000 first 6s were paid at maturity on Feb. 1, 1902, In cash borborrowed at 4 per oent per annum. For 6 mos. ending June 30, 1904,
gross. $98,718, against $183,342 in 1903; net, $26,392, against
iv>0,261. In year ending Deo. 31, 1903, gross, $348,259; net, $109,494;
int., etc, $37,510; improvements, $157,336; def., $85,321.
Pittsburg Cincinnati Chicago Ac St. Louis Ry.— (See Mai
Miles.
Lines leased Con.—
Lines owned.
Miles.
Pittsburg.Pa., to Chicago.Ill. 509 Ohio Connecting Ry.
5
Anoka Jo.
166 Pitts. Wheeling A Ky
Rendcomb Jo. to
28
Indianapolis. 104 Eng. Connecting Ry. in Ohio.
Bradford Jo. to
8
Indianapolis to Jefferson vllle 108 Otherllnes
1
216
Branohes
Operated under their own
6c
pleted in August, 1897, from
—
;
—
. .
Total
owned
1,103
—
Trackage
Indianapolis to
Kokomo
Louisville Bridge, eto
Lines leas' d (fi See these oo's.)
55
5
Miles
—
organization
Pittsburg Chartlers A Yough-
logheny
Ry
Musk. Val. RR
Waynesburg A Wash. RR
Clnoln.
&
21
148
28
23
194
Total of all Mar. 31, 1904. .1,615
Organization, Ac— Formed in 1890 by consolidation (per terms In V.
50, p. 875) of Chicago St. Louis A Pittsburg, Jeffersonvllle Madison A
fiChartlers
fiLittle
Miami
ROOT., 1904.]
RAILWAY STOCKS AND BONDS.
1851
RAILWAY STOCKS AND BONDS.
1852
[YOL.LXXIX.
MJLP of the
ROCK ISLAND COMPANY
SYSTEM.
Giangei
-Brjdger
f
oCoaJEille
KSalU.ake City
U-, ParJsCity
PrOVO
.Thisfle
Boulcie?
o
i<?
•
Newcastle
.
DENVe
Ephralin
T
.Manfi
Green River]
Oy
ww»
..N^Salida
l
^£r Salidak
Mont rose V !^""»j'w^^^V
°e
Moab
*->ake
\
Ridgwayl
I
,
-
i
£Lake Cy
Ouray
Telluride^
Syracuse
Creede
Cuchara
Monticello o
.PagosaS Pre
"Verdure o
L.
Bluff
- Alarao
.
£>urango
^
Springfield
^ElMor
Trinidad-tfjw
V asquez
°<^W
Dawson
&
o
<?•
«,
"^RatonX"*
^T^^ri
*„
y^\*\Sfr
g£
1^*-%?*
Alpine o
<«•
Springer
I
J^a flatao
o
~Z/\
8
Tierra Amarilla
Keams Canyon
—I
% \ pT
^V°o
o!
jc.
lap
A gull;
!chama\
%*
XXa'Jui
GB.
Antonito
^Azteo o
^Q§£"Ta Garden
Salt CreekJ
Silverton
O
\»iJ?«7^«
Jc^
,\
Hot
Santa^Fe 15
^Ballnp
'<8
Sprs.
•«;
LaTfiy s
°2 B nl
\Albuquerqud
i
^^vjsletaj
Holbrook
w
N
Snowflake o
N
M
Sabinal
St .jlohns
^
W
Socorro
SprlngerriUe
E
Leone ita^r^O
Marino
Corona
Gaiiiuas
m^e
Madalena o—A\
reooiotc #q"
TceoXmcffi*
SanAntonloPj
AuchoJ»4:
-«
ft
*o.C»P"» n
San Marclal // carhizozo
SanMarclal // o»»hi»»
JCAPITAN
Ft.A)ache
,
I*
Oscura Q
jj
/
/j-'Three Rivers
£
My)
R
,
„*»*
Tularo S a5-? SSo'°vV5l'
Temporal
<
ALAMOQOROO |*Vi**
Dog Canon J
^^Scox canon
Conghorn
rg Fl.liliss
"L PASO
Bttbee
^*»
'
^^>ougla,9
|
Guzmani
/
Nogales
M
I
Zainora
Sainalayucal
"T
Boh. "e»
Oct., 1904.]
RAILWAY STOCKS AND BONDS.
1853
RAILWAY STOCKS AND BONDS.
1854
RAILROADS.
Miles
For explanation of oolumn headings, Ac., see notes
on first page
A Ind. 1st M.r
1st M. (s. f. drawn atllO).o
mort., Jeffersonv., Ky., to Indianap. & br'h.c
Pitts Gin. Chic.
Jen'nville,
2d
of tables.
<£
Mad.
St.L.— (Con.)— St.
& In.
Date
Size, or
of
of
Par
Road. Bonds Value. Outstanding
116
222
222
("A," g.o*
"B,"g.o*
" C," g.c* 1,095
Con. M., $75,000,000, gold, guar. p.&l. J
(end.)
by Pennsylvania Company. F] " l),"g.o*
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
1899
1903
$3,000,000
676,000
1,970,000
10,000,000
8,786,000
1,379,000
1,000
4,983,000
1,000 bl0,841,000
1,000
9,000,000
<t Toledo— Sea Baltimore A
Ohio RR.
Wayne<6 0.—Gen. stk., 7 p. o. guar. Pa. RR. 470
100
Guaranteed special Imp. stock, 7 p. o. guar, by end 470 1871
100
1st mortgage, series A to F ) Sink, fund, oumula468 1862 500 Ac.
2d
do
seriesGtoMj tive, not drawn.©*)
468 1862 500 Ac.
3d mortgage
468 1862 500 Ao.
5
Pittsburg <& Lake Erie— Stock, auth. $10,000,000...
1st mortgage, gold
o
2d mortgage, gold, Series A. A B.N
o
Pittsb.
Lisbon & West.— See
Wheeling &
A
Shawmut <£ No.— lstM.g.,$12,000,000Colc*
New mortgage, gold, $1 5,000,000
Pittsburg Virginia^ Charleston— Stock ($6,000,000)
1st M. #6,000,000, g., guar, p. Ai.c*&r
Pitts. Term RR. <6 Coal— W.81de Belt, 1st M., g.DPi
Pittsb. Term'l, 1st M., $7,000,000, gold.CPi..c*
GP
a Sinking fund Nov.
1,
71
1,000
1,000
L. Erie.
Pittsburg McK. <6 lough.— Stock, guar., see text
1st mortgage, guar, by P. & L. E. and L. 8. & M. S.c
2d M., gu. p.<fei. (end.) by P. &L. E. and L. S. A M. S.c
MoKeesport & Belle Vernon, 1st M., g., ass'd. FP1
Pitts. Ohio Val.<£ Oin.— 1st M. g.,s.f. notdrn.FP.c*
Pittsburg Painsesv. dk Fairport—See Baltimore
Pittsb.
50
1878
1889
"ii
1884
1882
1884
1888
1890
Ohio RR.
1899
1902
84
1904
Text. 1897
Text. 1902
57
57
40
15
1904, held $2,267,000 additl onal.
50
1,000
1,000
1,000
1,000
1,000
1,000
50
1000
1,000
1,000
b $1,15
&
& Richmond and Pittsburg Cin. St. L. Controlled by Pennsylvania Company through ownership of stock. As to
Interest in majority of Hocking Val. common stock, see that oompany.
Indianapolis, Cincinnati
Capital Stock.—The stock authorized
la:
Common, $45,000,000;
preferred, $30,000,000; par, $100. Outstanding Mar., 1904, common,
$24,780217; preferred, $27,452,633. Stockholders In Deo., 1903,
subscribed to *>4,750,000 preferred stock, increasing the amount outstanding to $27,452,000. V. 77. p. 1747; V. 78, p. 229. Suit V. 68. p.
381; V 69, p. 1248; V. 70, p. 126. Of the pref. stock, $15,000,000 la
pledged as collateral under Penn. Co. certificates of 1901 and $8,200.000 preferred and $14,500,000 common stock under Penn. Co. collateral betterment notes, due Oct., 1905. V. 73, p. 957; V. 78, p. 1276.
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 deolared on ths
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.
Drvs.— ) 1892-93. '94. '95. '96. '97'98. '99. '00. '01. '02, '03. 1904
On pf %.— 5 4 yearly.
On com., 1%, Aug. 15, '01; since to Aug., '04, lnol., 3% yearly (FAA).
Stock of Old Companies unexchanged Nov. 1, 1903: Pittsb. Cin.
4 St. L. common, $26,200, Chic St. Louis & Pittsb., common, $442,267, and preferred, $5,352; Steuben ville A Indiana, common, $78,271,
and preferred, $750; Jeff. M. & I.. $5,000.
Bonds.—The consolidated mortgage for $75,000,000 (Farmers' Loan
A Trust Co. of N.Y. and W.N. Jackson, trustees,) covers the entire property. Sufficient consols are reserved for the purpose of retiring all aeotlonal 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 Pennsylvania Company. The six series are all equally seoured. See adv.
In Chronicle May 21. 1892, and guaranty on bonds, V. 56, p. 604.
In Sept.. 1904, $9,000,000 Series F consols were sold to refund the
Ind Cent. 7 per cents paid Nov. 1, 1904, and for
$2,996,000 Col.
general purposes. V. 79, p. 1267.
Latest Earns.- 9 mos., > 1904.. Gross, $17,751,685; net, $4,490,042
18,500,164; net, 4,698,929
Jan. 1 to Sept. 30.
J 1903. Gross,
Annual Report.— Report for 1903 at length in V. 78, p. 1271. 1397
1903.
1901.
1902.
Tear ending Dec. 31.
344444
202
.
A
.
1,164
1,164
1,156
Miles operated (system proper)
$24,650,401 $22,610,557 $20,683,174
Gross earnings
5,874,885
5,705,687
5,996,621
Netearnings
61,182
Miscellaneous
71,042
220,815
$5,936,067
Total net earnings
$5,776,729
16,217.436
$2,186,113
$2,202,«>05
12,161.601
Lnterest on bonds
132,361
131,687
132,239
Rentals paid
589,988
254,878
224,355
Car trusts (Including Interest) .
1,369,075
1,398,357
Improvements
1,800,990
(4%)908.026 (4%) 907926 (4%)907,870
Dividends on preferred
(3%)743.378 (3%) 743296 (2i<j%)618,832
Dividend on oommon
$7,116
$138,080
Balance, surplus
$371,549
—(V. 78, p. 229, 1271,1387, 1397; V. 79, p. 1267, 1642.)
Tol. RR.—See Bait. A Ohio RR.— (V. 76, p. 49.)
Pittsb. Cleve.
Chicago Ky.— (See Map Penn. RR.)—
Pittsburg Fort Wayne
Road.—Owns from Pittsburg, Pa., to Chicago, m., and br., 470 miles.
Double track, 271 miles, of whloh part was built In 1893. In July, 1900.
66 miles of additional second track was under construction.
Lease, Ac.— Foreclosed Oot. 24, 1861, and reorganized. From July
1, 1869. leased In perpetuity to the Penn. RR.; rental pays Interest, sinking fund of debt and 7 per oent on stock, payable Q.-J. The
lessee keeps road In repair and pays taxes and expenses.
In July, 1901, an extra dividend of 3 per oent was deolared on both
stocks, but it will be paid on the guaranteed special stock only In case
the courts so decide. No decision to July, 1904. V. 72, p. 821,1188.
Capital Stock.—The special Improvement stook Is Issued to Pennsylvania RR. for Improvements, Ac, under article 16 of lease, whloh
provides that the lessor may Issue special bonds or stook. See V. 50, p.
A
A
139, and wording of endorsement In V. 56, p. 774. The speoial stock
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." This special stock Is issued from time to time for
betterments; In 1898, $335,300; in '99, *824,907; in 1900, $1,002,700;
In 1900, $1,29 ,200; In 1902, $1,418,200; in 1903. $2,010,400; in 1904,
84.959,200. Of the $31,00Z,900 guaranteed special stock outstanding
June, 1904, #27,922,000 was controlled by Penn. RR., $20,925,900
being pledged to secure bonds of Pennsylvania Co. V. 75, p. 1087.
Bonds.—The first mortgage Is in series of $875,000 each and seoond
mortgage of $860,000. Of the above 1st mortgage bonds, $3,044,000
and of the seoond mortgage $3,257,500, and $2,450,480 oash, were held
In the sinking funds July 1, 1903.
Report.— Report forl898 In V. 69, p. 127. In 1903 profit to le«*ee
Was $316,214; In 1902, $781,049.— (V. 76, p. 1408; V.78,p. 2335, 2600.)
Eastern
V. 77, p. 628Pittsb. Johnstown Ebensb.
See V. 67, p. 688,788,954, 1056. B.
Pittsburg Junction
O. Is In control, owning all of the securities except $31,900 oommon stook, $959,000 iirst 6s. $250,000 seoond 5s and 9201,000 Terminal Co. 5s, See B. A O. and V. 69, p. 1063, 1192 and V. 70, p. 77.
Is In all
A
A
RR.—
RR.—
A.
7
J.
4iflg. A.
4iflg. A.
M.
g.
4g. M.
3*3
F.
g.
4g.
Pittsburg Cleveland
Pxttsb.Ft.
J.
7
4*3
Whom.
Payable
Cent.
1864 $1,000
1866
1,000
1870
1,000
1890 1,000
1892 1,000
,1892 1,000
"1895
" E," g.o*
" F," g.o*
[
Amount
[Vol. lxxix.
J.
&
&
A
A
A
A
A
A
Bonds— Prinolpal,When Due.
by
J. N. Y., Nat'l City Bank.
O. N.Y.,Farmers' L'n A Tr.
do
do
do
do
do
do
do
J.
O.
O.
N.
N.
A.
D.
&
do
do
do
do
do
do
do
6
6
6
J.
J.
J.
J.
6g.
5g. A.
164,000
6,419.600
6,000,000 7 in
6,000,000
380,000
See text.
5g.
F.
F.
1903 M.
4g. M.
5
g.
5g.
M.
J.
&
A
&
&
A
A
&
A
Jan. 1, 19H
Oct. 1, 1906
July
1,
1,
1,
1.
1,
1,
1,
Oct.
Apr.
Nov.
Nov.
Aug.
Dec.
19,714,286 See text. Q.-J. N. Y., Wlnslow, L. & Co.
31,002,900 See text. Q.-J.
do
do
5,250,000
Various
7
do
do
5,160,000
Various
7
do
do
2,000,000
A. & O.
7
do
do
10,000,000 10 in »04 F. A A. Pittsburg, Co.'s Offloe.
2,000,000
J. A J.
do
do
2,000,000
5 g- A. & O. N. Y., Security A Tr. Co.
3.959,650
2,250,000
1,000,000
600,000
290,000
Stocks— Last
Dividend.
1910
1940
1942
1942
1945
1949
1953
Oct. 4, '04,1%
Oct. 1, '04,1%
July
July
July
Aug.
1,
1,
1,
1912
1912
1912
1,'Q4,
Jan.
Jan.
1,
1,
5%
1928
1928
J. N. Y., Union Trust Co. July, 1904,
do
J.
do
July 1, 1932
J.
do
do
July 1, 1934
J. Pittsb'g, Fidelity Tr.Co. July 1, 1918
O. Phila., Broad St. Stat'n Oct. 1, 1920
3%
A.
A.
N.
N.
A
New York and Phila.
S.
&
A
Colonial Tr. Co., Pittsb.
Central Trust Co.
Philadelphia Office.
do
J.
do
Feb. 1, 1949
Feb. 1, 1958
Apr. 30, '04, 4
Nov.
1,
SeDt. 1,
July
1,
1943
1937
1942
7,000
A Lake
Pittsburg
ronngstown,
Erie
RR.—Owns
from Pittsburg,
Pa., to
O., 68 miles, to be four-tracked; branch lines to Newoastle,
etc., Pa., 4 m.; total owned, 72 miles (of whloh 70 double track); leases
Pitts. MoKeesport
Yough. (which see), 112 miles; Mahoning State
Line RR., 3 miles; Beaver
Ell wood RR., 3 miles; Elwood Connecting RR., 1 in.; total operated, 191 miles.
The road Is operated in harmony with the
York Central sys-
&
tem, the Lake Shore
A
A
New
A Miohigm Southern
Ry. owning $5 000.000 of
A
stock. The P.
L. E. owns stock and securities of Pitts. Ch.
Yough.
Ry., $140,"00, and of Monongahela RR., $1,000,000. As to guaranty
of bonds of Monongahela RR., see that company's statement.
Dividends.—
Per cent,
1884 to 1891.
1892.
1893 to Aug., 1904.
8
10 yearly.
6 yearly.
Annual Report.—For year ending Deo. 31, 1903, gross, $11,280,<
t
129; net, $2,491,160; taxes, $158,642; interest $224,983; rental, $478,562; div. (10 p. c). $900,000; bal., sur., *731,470. In 1902, gross.
$10,098,700; net, $2,236,471.— (V. 77, p. 37; V. 78, p. 344.)
Pittsburg Lisbon Western
New Galilee, Pa., to LisbonO., 25 miles; Salem to Washingtonville, O., 7 m.; coal road, 3 miles.
Purchased in May, 1904. by the Wheeling
Lake Erie RR. V. 78, p.
1782. For '13 mos. ending June 30, 1903 (32 miles), gross, $54,448;
net, $16,013; other lnoome, $1 ,303; charges, $20,423; bal., def., $3,107. President, N. B. Bllllngsley, Lisbon, 0.-(V. 78. p. 1782.)
RR.—
A
A
Pittsburg ITIcKeesport
Haven,
A
Youghlogbeny RR.— Owns from
m„
Pa., 57 m.; McKeesport to Brownsville, Pa., 40 m.;
branches. 13 m.; leases 2 m.; total, 112
of which 50 m. double traok.
Lease.—Leased to Pittsburg A Lake Erie RR. for 999 years. Rental
is 6 per oent on the stook, principal and interest of the Pittsburg McK.
Pitts, to N.
A Yough. bonds being guaranteed by Pittsburg A Lake Erie ana Lake
Shore & Michigan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stook is on the
express condition that the holder shall aooept par for the same on July
See wording of guaranty In V. 56, p. 774. Stook authorized,
1, 1934.
$4,000,000 first mtge. bonds authorized, $2,250,000 2d mtge. bonds
Profit to lessee in 1902 $2,373, of whloh
authorized, $1,750,000.
one-half was payable to the Lake Shore A Michigan Southern.
Owns road BellCincinnati
Pittsburg Oh io Valley
aire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company in oonneotlon with Cleveland A Pittsburg since Deo. 1, 1892.
Stock, authorized, $1,500,000; outstanding, $300,000; par, $50. Trustee of mortgage (for $1,500,000), Fidelity Trust Co. of Phila. Year
ending Dec. 31, 1903, gross, $42,122; net, $8,567.
;
;
RR.—
A
Pittsburg Palnesvllle A Falrport RR.— See Bait. A Ohio RR.
Pittsburg Shawmut A Northern RR.—Road— Projected aa
a short route from the bit iminous ooal fields In Elk and Jefferson
oounties, Pa., northerly to Maoedon (on the N. Y. Central A Hudson
River RR.), Including branches. 350 miles. The first division, Wayland
to Shawmut, Pa., with branches, Is In operation, viz.:
Owned—
Miles.
Hydes
to Coryvllle, Pa
State Ll -e Jet. to Wayland
Palnes Jet. to Cardiff
Mt. Jewett to Ka«sjn Jet
Olean to 01«ao Jet..
Leased—
Croyland to Halton, Pa
Leased— (.GoncL)
86 Hornells. Jet. to Hornellsvllle
Trackage—
70
12 Hydea to Shawmut, Pa
Miles
10
5
Brockportto Brock way ville. Pa.... 4
• Coryvllle. Pa., to State Line Jet.... 11
10
Total operated
12
SOB
Organization —Reorganized without foreclosure In 1901, under
plan in V. 74, p. 327, only $164,000 of old $6,000,000 5 per oent bonds
not having assented. The Kersey RR., 12 miles, formerly leased, and
about 150,000 additional acres of coal lands and mineral rights were
plaoed under the new mortgage. V. 74, p. 327, and Circular, p. 578.
The non-assenting bonds have reoelved Interest to Aug., 1904. The old
lets exchanged for the new bonds have not been oanoeled. V. 75, p.
291. Car trusts June, 1904, $188,477.
Stock.—All com., auth., $15,000,000; Issued, $11,700,000; par $100
Earning^.— For the year ending June 30, 1904, railroad earnings
Gross. $843,208; net. $156,092; other ineome, $11,558; Inter$291,148; bal., def., $123,498; see V. 78, p. 1498.
Ojticbrs.— President, Lorenzo M. Johnson; 47 Wall St.— (V. 79, p.
681, 1024.)
Lake Erie.— Sbb Pitts. Bessemer AL. Erie.
Pitts. Snenango
were:
est, taxes, etc.,
A
A
RR.
Coal Co.— Owns $1,065,000 of
the $1,080,000 stook of the West Side Belt RR., having a belt line extendiug from Pittsburgh to Clairton. Pa 20'6 u>i:es, and Banksvllle
Jet. to Banksvllle, 2 in., with 13 miles of sidi gs, a total of 35 6 miles.
Has lis own river tlpplea and connection with all roads entering Pittsburgh. Owns in fee about 15,000 acres of ooal and 700 acres of surfaoe lands adjoining In Allegheny Co., Pa.; daily capacity was to be
about 14,000 tons by June, 1&04. See pro-p--o us, V. 78, p 703.
In Sept.. 1904, the Wabaah- Pittsburgh Terminal Ry. acquired a majority of the stock and offered to purotia«e the remaining shares, posV. 79, p. 1024.
session being taken Oot. I, 1904
Incorporated in Pennsylvania April 23, 1902. Stock, $14 000,000.
Bonds are secured on coal
all of one bind; par of sharea, $100 each
landa and by mortgage of West Side Belt R>t, which guarantees the
bonds, principal and interest, and by pledge of West -ide Kelt stook
owned. Sinking fued for bonds, 8 oents per ton of coal mined. Of
the bonds, $4,610,000 was outstanding In Sept., 1904, the balanoe
being in the treasury, of whioh $1.000,0i*0 reserved for the West
Side Belt bonds.— (V. 77, p. 703; V. 79, p. 1024.)
Pittsburg Terminal
,
-
:
;
;
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
For explanation of oolunm headings, Ac,
on first page of tables.
Miles
see notes
of
Date
81ze, or
of
Par
Road. Bonds Value.
Amount
INTEREST OR DIVIDENDS.
per When Where Payable, and
Rate
Outstanding
Cent.
125
125
62
125
Preferred stock, $2,000.000
Aflhta. A Pittsb. 1st M., Y'ngst'n to Asht.o'AFPr.
Consol. M. (for $4,000,000) s. f. 1 p.c.not dr.F.«"
Plymouth <t Middleboro, 1st M.,int. gu.by Old Col.o*
Pontine Oxford <6 North.— 1st M.,g.,$400,000.IWe.c
Port Angeles Pae.- 1st M., $2,000,000, g. red.l05.K
Portland <t Rochester See Boston & Maine RR.
Portland <t Rumford Falls.— Stock
Consol., now 1st, mort., $1,000,000, gold..OB.c*
c
Plain bonds, sinking fund, gold, $350,000
15
100
....
—
do
do
64
....
....
....
$500,«00
Portland Union Ry. Sta.— 1st M., ser. "AAB,"gu.s.f
Port Reading.— 1st M.,g., gu.by old P.AR.PeP.c*<fcr
Potomac Valley— lBt*l.$2,000,000, g.guMcBs 0*&r
Potosi <t Rio Verde— 1st M., $15,000 p. m.,8.f.Mo.c*
o'
Providence dt Springfield—1st M. gold
Providence dt Worcester—Stook (10 per cent rental)
1st M.(refund'g),cur., $1,500,000. V.63,p.l064.c*
Quakertown dk Eastern 1st mort., gold.GuP..o*
Queen Anne's RR.— Prior lien mortgage
Consol. mort., $1,400,000 (4 p. o. for 3 years)....
21
31
40
28
51
51
15
—
Inoomemort., $600,000
•
Railroad Securities- Stook, com., $10,000,000
Pref. stock, 4 per oent cum., $10,000,000
111. Cent. stk. int. certs, cum., g.,ser. A, red 105Us
Raleigh dt Augusta— Raleigh <& Gaston— See Seabo
Raleigh 4 Cape Fear—1st M., $310,000, goid.K.c*
o
Raritan River RR. -1st mortgage, gold
Reading dt Columbia—1st mort. (ext. in 1882)... o*
2d mortgage, coupon (extended in 1884 & 1904)0
c
Debentures
..
....
....
...
A.IU>
A
....
20
40
40
....
1878
1887
1892
1896
1904
1.000
1,000
1,000
1,000
1887-9
1891
1891
1898
1892
1,000
1,000
1,000
1,000
1,000
100
1897
1897
1901
1901
1901
1,000
500
556777
expend, $470,510; dividends (7
p.o.),
»264,068; bal,
sur.,
$83,127.—
<V. 78, p. 2442; V. 79, p. 152, 501, 1024.)
(See Map of Bait, dt Ohio.)— Road—
Western
Pittsburg
Owns Allegheny, Pa., to New Castle. Pa., 59 miles; standard-gauge
branches to Foxburg, 59 miles; 3-ft. gauge lines to Mt. Jewett, etc.,
101 miles; total owned, 219 m.
Status.— Road sold on Oct. 9, 1901, under the 2d mortgage and re
W. RRj, B. A O. pledging as part security for its own
organized as P.
west Virginia system 4s the entire $13,500,Pittsburg Lake Erie
000 of new stock. $6,884,000 of the $9,700,000 first mortgage 4s of
1887, $81,000 old 6s (all), $136,000 of the $219,000 Pittsburg New
A
RR.—
&
&
&
Lake Erie 4s due 1917 and $3,500,000 new mortgage bonds
Castle
of Pittsburg <fe Western RR.— V. 73, p. 445, 785.
Report.— Last report (V. 73, p. 1109). Earnings since July 1, 1902,
are Included In those of B. A O. For year 1900 01, gross, $4,080,687
net, $1,534,029. ( v 74, p. 268.)
.
Pittsburg You ugsto \vn
A Ashtabula RR.—Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 miles ; Nlles to Allianoe Junction, O.,
25 miles; Can tl eld Branch, 1 mile ; trackage, 3 miles. Total, 128 miles.
Organization.— Leased August 1, 1887, to Pennsylvania Company, wnioh Jan. 1, 1903, owned $375,000 common and $1,550,000 preferred stock; rental net earnings. Lease terminable at either's option
Dividends. > 1890. '91. '92-95. '96. '97 to 1900 '01. '02. '03. '04.
3 6 y'ly. 6^ 6 yearly. 6 1* 7
7
7
Common,p.o. $ 2^
On preferred, 1888 to Sept., 1904, 7 per cent yearly (M. A 8.)
Bonds.—Bonds of 1887 are reserved to retire 6s.
Earnings.— In year 1903 gross, $2,767,821; net, $974,915; other
lnoome, $10,995; charges, $16«, 100; improvements, $1,065,033; dividends, $212,044 ; bal., def., $459,267.— (V. 73, p. 616.)
Placer viJIo A Lake laboe RR.— V. 78, p. 2600.
Pontiac Oxford A Northern RR.— Operates road from Pontlao
In year 1902, gross, $197,897
Mich., to Caseville, Mich.. 100 miles.
net, $68,474; interest, $24,000; dividends, $50,000; Stock, $1,000,000.
Dividends: In 1890,1 p.o.; 1891,3; 1892, 4; 1893, 6; '94,4; '95, 31$;
1902, 5. Litigation, see V. 77, p. 299. President,
1900, 4; 1901, (?)
(V 77 p. 299.)
Hugh Porter, N.
Falls Ry.— Owns Romford Jot. to RumPortland
ford Falls, 54 miles; branch to Otis Falls, 10 m.; trackage (Me. Cent.)
Rumford to Lewiston, 4 m.; total operated 68 miles. Controls Rumford Falls A Rangely Lakes RR., 41 miles of track.— V. 69, p. 954.
1904
Dividends— > 1896 '97 '98 '99 1900 1901 '02 '03
;
Y—
A Rumford
Percent
54464
Annual
6
Report.— Report for 1900-1 was In V. 73,
Tear—
Cross.
1903
4.
$
Net.
$583,399 $274,054
66
p.
6
1008.
Oth.inc. Int., tax., etc. Divid'ds. Bal., sur.
$35,106 $98,111 (6)$120,000 $91,0-19
1902-3.. 623,019 275,864
17.575
86,716 (6) 120,000
86,723
-(V. 73, p. 1008; V. 75, p. 612; V. 77, p. 770; V. 79, p. 1267.)
Portland Union Railway Station.— Stook, $50,000. Bonds
guaranteed Jointly by Boston A Maine and Maine Central.
Owns 21-21 m. of road, completed In Sept.,
Port Reading
1892, from Port Reading Jet., N. J., to Staten Island Sound; sidings
and laterals, 32 m.; total, 53-2 m. Capital stock authorized $2,000,000—
par $100, all owned by Reading Company, $1,555,000 being deposited
under its general mortgage of 1897 and $440,000 under Jersey Central
collateral mortgage— (V. 55, p. 544. 639. 680.)
Opened In Sept, 1892, Potomao Valley
Potomac Valley
Juno., Md., to Cherry Run, W. Va., on the B. A O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Leased to
Western Marylanu, which owns the $500,000 ttock, the earnings over
charges being declared and paid yearly as dividends. The bonds of
1941 have principal and interest guaranteed,! Jointly! and severally,
by the Western Maryland RR. Co. and the Baltimore A Harrisburg Ry.
Co., being so endorsed. The bonds havea sinking fund of 7-10 of one
per cent. For year ending Sept. 30, 1903, gross, $366.526 ; net over
taxes, $199,421 interest on bonds, $65,000 bal., sur., $134,421. In
1901-2, gross, $481,354; net, $296,179.— (V. 76, p. 1144; V. 77, p. 2160.)
Rio Verde Ry.—Owns a narrow-gauge road from City
Potosi
of San Luis Potosi, Mexico, to Hacienda Alvarez, 40 miles. Has concessions for 99 years, expiring Nov. 4, 1985, when railroad becomes
the property of the Mexican Government. Company is exempt from
taxes and import duties for 15 years. Bonds are subject to call at 110
and Interest on any interest day. Pres., Robert S. Towne; Sec, C. J.
RR.—
RR.—
;
;
A
Nourse
Jr.,
27 William Street,
New York.
Providence A Springfield RR.—Providence, R. I., to Douglas
Jot., Mass., on New England main line, 28 miles. Stock, $517,450 (par,
$100), mostly owned by the N. Y. New H. A Hart. V. 61, p. 1014. Road
leased (terms modified in July, 1896,) to
New England RR.
till
July
M.
J.
J.
A.
4
600.000
4,750,000
2,575,000 4 in 1901 A.
4g. J.
8,000,000
1902
1,000
ib Lin E Ry.
1903
1,000
1889
1,000
1862 100 Ac
1864
1,000
1877
1.000
A
F.
A
A
A
A
A
&
A
5
See text.
400,000
650,000
350,000
1,000,000
g.
M.
5g.
J.
5
M.
4
6
J.
J.
A
A
A
A
A
A
A
Stocks— Last
Dividend.
N. Y., Farm. L. A Tr. Co. Sep.24,'04, 3i«
N. Y., Far. L. A Tr. Co. Sep.24,'04, 3»«
A. Phila., Fidelity Tr. Co. Aug. 1, 1908
N. N. Y., Farm. L. ATr. Co. Nov. 1, 1927
S.
S.
Boston.
Jan. 1, 1912
N. Y. Merc'le Trust Co. July 1, 1916
O. N. Y., Kniekerb. Tr. Co. Apr. 1, 1964
J.
J.
&
100
100
....
....
M.
M.
by
Portland, Me.
2,000,000 6 in 1904 Q.-M.
992,000
4g. M. & N. Boston, Old Colony Tr.
4 K- F. A A. Boston and Portland.
350,000
Portland, Me.
F. A A,
4
500,000
J. A J. Portl'd, Me. A Boston.
4
300,000
Philadelphia.
5 g. J. A J.
1,500,000
J. A J. Baltimore, Hlllen St'n.
5
1,300,000
150,000
6g. A. A O. N. Y., Co.'s of., 27 Wm.
750,000
5g- J. A J. Prov.,R. I Hospital Tr
Providence, Office.
Q.-M.
10
3,500,000
A. A O. Prov., R.I. Hosp. Tr. Co.
4
1,500,000
Quakertown, Pa.
5 g. J. A J.
180,000
Baltimore.
M.
S.
5
330,000
865,000 4 to 5
100
1896
1,000
1897 500 Ac.
1904 500 Ac.
Charleston By.-8outh Pittsburg, Pa.,
Pittsburg Virginia
to Brownsville, Ac, Pa., 84 miles. The stockholders voted June 29,
1904, to purchase the Monongahela A Washington RR., Monongahela
to Ellsworth, Pa., 1413 miles; V. 7«. p. 2443. Oper. by Penn. RR.,
which owns the $6,000,000 stook, V. 76, p. 1306. As to the guaranteed 4s of 1904, see V 77, p. 1747,1875; V. 78, p. 827. As to guaranty of Monongahela RR. bonds, see that oompany's statement.
Dividends.— ) '92. *93. '94. '95 '96. '97. '98. '99. '00. '01. *02. IPOS.
Per cent... 5
7
Earnings.—Year end. Dec. 31, 1903, gross, $4,176,400; net, $1,231.412; other income, $5,710; fixed charges, etc., $419,418; extraord.
5535
$1,333,342 7 In 1904
1,700,000 7 in 1904
6
1,500,000
5
1,562,000
5
225,000
6g.
400,000
5 g.
100,000
$50
50
•Borut*— Principal, When Due.
whom.
Payable
RR
Pittsburg <t Western— See Baltimore <fe Onio
Pittsb. Toungst. dk Ashtab.— Com. stock, $2,000,000
1855
Nov.
Aug.
F--b.
2,
1,
1,
1926
1927
1934
Jly'27,Jan.'29
Jan. 1, 1941
Jan. 1, 1941
Oot. 1, 1918
July
1,
1922
:ept.30,'04,2ia
Oot. 1, 1947
Jan.
1,
Mch.
1,
1927
1951
Oct. 1, *04.
O.
J.
Sep.15,'04, li«
N. Y.,
office,
120 B'way. Jan.
S. N. Y., Knlck. Trust Co.
Tr.
N. J. Tit. Guar.
J.
Read. RR,
S. Phila., Phil.
A
do
do
D.
D.
&
do
do
2%
1,
1952
1,
1,
1,
Sept. 1,
Dec. 1,
1943
1939
1912
1912
1917
Mar.
Jan.
Mch.
1989, at 4 per oent on stook. See V. 63, p. 30, and New England
RR. report V. 63, p. 698. The bonds were guaranteed by the N. Y. A
New England (since foreclosed).— (V. 63, p. 30.)
1,
Providence Terminal Co.— V. 78, p. 1110.
Providence A Worcester RR.—Owns from Providence, R.
I., to
Worcester, Mass., 44 miles, of which 5 miles are owned Jointly with
Boston 3b Providence; branches, 7 miles; total owned, 51 miles;
From July 1, 1892, leased for 99 years at 10 per oent per annum on the
stook to the N. Y. N. H. A Hartford.— (V. 63, p. 1064.)
Eastern
Quakertown to Rlegelsville,
Quakertown
Pa., 15 miles. Stook, $180,000, all outstanding; par of shares, $50.
Year ending June 30, 1903, gross, $33,405; net, $10,512; charges, $10,228.
President, John Jameson; Sec, Henry S. Funk; Treas.,James
H. Shelly; Gen. Mgr., A. F. Baker. Office, Quakertown, Pa.
Quebec Bridge Co.—V. 77, p. 1534; V 78, p. 584.
Quebec Central Ry.—V. 78, p. 1276; V 79, p. 783.
Quebec
Lake St. John Ry.— V. 72, p. p. 989; V. 73, p. 120&
V. 78, p, 2600; V. 79, p. 786.
Quebec Southern Ry.— Owns Sorel, Provinoe of Quebec, to
Iloyan, 89 miles; St. Lambert to St. Franoois, with branch, 55 miles,
(former South Shore Ry.); total, 144 miles. A consolidation was voted
Jan 14, 1902, with the South Shore Ry. On Mar. 2 1, 1904, Geo C.
Dessaulles of Hyaclnthe, Que., was appointed receiver of the Quebec
Southern and South Shore railways. Application to issue $20,000 receiver's certificates was made. V. 78, p. 1276. Proposals for purchase
of road were rejected by the Court in Aug.. 1904, the road to remain
for present in hands of receiver. V.79, p. 104, 681. For 4 mos. ending
July 31, 1904, troes earuings were $75,671. against $60,951 in 1903.
Pres., H. A. Hodge, Montreal, Can. -(V. 76, p. 1249; V. 78, p. 1276:
V.79, p. 104, 681.)
Quebec Terminal Railway Co.— See V. 71,Sp. 603; V. 77, p. 38.
Queen Anne's
In Oot., 1904, the Maryland Delaware St
Virginia Ry (which see) was about to be incorporated to take ever the
road after foreclosure, the $330,000 prior lien bonds to remain undisturbed, and, it is understood, to be guaranteed.— (V. 78, p. 821. 1276:
V. 7**, p. 1642.)
"Queen Crescent."—Includes Cinoin. N. O. A Texas Pac, Ala.
Gt. So., New Orl.
N. E., Ala.
Vicks. and Vicke. Shrev.
Pac
RR.—
A
&
A
RR.—
A
A
RR.
&
&
'(III.)
Bridge «"o.—See
noy.-(V. 75, p. 1355; V. 77, p. 629.)
Suincy
Railroad Securities Co.— Organized by
A
Chicago Burlington
Interests identified with
the Illinois Central to acquire and hold securities of railroads. Stook
common, $10,000,000; pref., 4 per cent cum., $10,000,000; outstanding, common, $4,750,000; pref., $2,575,000. The $8,000,000 present
issue of the int. certificates ($20,000,000 authorized) are secured by a
like amount of Illinois Central stook, interest at a 4 per cent cumulative rate being payable if reoeived from dividends on the shares
pledged, the stock itself being deliverable to the holders of the certificates at maturity unless the option to call at 105 Is meantime exercised. V. 74, p. 937, 1039. Dividends in 1902 to Oct., 1904, both
inclusive, 4 p. 0. y'rly (paid A.
O.) on pf.— (V. 74, p. 989, 1039.)
Raleigh
Raleigh
Raleigh
A Augusta Air
A Gaston RR.
&
Line BB.)^,,..,...,. Air
See Seaboard .,,.,„„„
Line Ry.
\
A Cape Fear RR.—Operates
N C to
Lillington, 34 miles, including 2 miles of trackage; extension proposed
to Fayettevllle, 28 miles total to be 62 miles. Incorporated in 1898road opened Jan., 1899. Stock authorized, $10,0
per mile Bonds
(see table above) are limited to $5,000 per mile. V. 76, p. 752
For 3
ending Sept. 30, 1904, gross, $11,565; net, $3,9 3. Year endine
mos.
June 30, 1904, gross, $50,142; net, $21,652; charges, $9,199; bal.. sur
$12,453. Pres., John A. Mills; Secy, and Treas., F. T. Ricks. Office
'
Raleigh, N. C.-(V. 76, p. 752.)
from Raleigh,
;
w
Raritan River Railroad.— South Amboy to New Brunswick N
13 miles; branches,
miles;
7
total, 20 miles. Stook authorized'.
$1,000,000; issued, $400,000; par, $100. Dividends paid In 1902 3
and 1903-4 4 p.c yearly. Year ending June 30, 1904, gross, $131,747net. $52,497; Int., taxes, etc, $22,270; dividends (4 p. c), $16.000
* '
surp., $14,227— (V. 77, p. 38, 2340.)
*
Reading Belt
Belt railroad, 7-4 miles in length, around
Reading, Pa., opened May, 1902. V. 71, p. 751. Stock, $750,000.
all owned by Reading Company. Road leased to Phila. A Reading Ry
for 999 years from July 1, 1902, at 4 per oent on the stook, Interest on
bonds, and taxes.- (V. 71, p. 751; V. 74, p. 1090.)
J.,
RR.—
A
RR.—
Reading
Columbia
Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junction to
Chlckles, 6 miles; total operated, 60 miles. Stook, $958,373 (par, $50) of
which $788,200, together with $9,500 1st mtge., $35,000 2d mtge. and
$1,000,000 debentures, are owned by Reading Co., all except $3,200
stock being deposited under its general mortgage.
Year 1902-03
gross, $309,809; net, $82,802; charges. $116,348. (V. 78, p. 1908.)
Reading Company—Philadelphia A Reading Ry.— (See
Slap.)— The Philadelphia A Reading Ry. operates in connection with the
great anthracite coal properties of the Philadelphia A Reading Coal A
Iron Co. in the Schuylkill region, Pennsylvania, a system of
roads centering at Philadelphia, extending to Hazleton and Williamsport on the north and westerly to Harr isb ur g, Shippensburg and Gettysburg in Pennsylvania and Wilmington, Del., on the south; also east,
RAILWAY STOCKS AND BONDS.
1850
RAILROADS.
Miles
on first page of
Date
Size, or
of
For explanation of column headings, &c, see notes
of
Par
Road. Bonds Value.
tables.
Ready Belt— 1st M.g.,$750,000,gu.p.&i.end.GP.o*
Heading Company—Common stock
.7-4
1900
1st pref. stock, 4 per cent, non-cum
stock, 4 per cent, non cum
2d pref
Gen.M.,$135,000,O00,g.,s.f.notsub.call.Ce.c &r. Text.
Jers.Cent.col.tr. M.g., red 105aft. '06.PePo*&r
Wilm. & North'n stk. tr. ctfs., g., red. at 105. GPr
trusts,
&
Car.
$252,000 semi annually
trusts, $200,000, semi-annually. GP
mar.
Equipment
50
50
50
...
.
,,
Car
$1,000
trust, ser. C, gold, $87,000 s. a
do ser. D, gold, $156,000 s. a
1897 lOOO&o.
1901
1,000
1900
1,000
1899
1901
1,000
1,000
....
1902
1,000
Old Plilla. & Read. Kit. bonds under LYING Gen. Mort.
1892
1,000
Delaware River Terminal Pur. Money M., gold.c*
1892
1,000
Delaware River Term. Ext. Pur. Mon. M., gold.c*
t Bonds and mortgages on real estate
94 1843 $ A Ji
tlst M. ext. In *60, Philadeip'a to Pottsv.$&£.c<tr
94 1844-9 1,000
ofcr
Mortgage loans of 1844,1848 and 1849
1857 500 &o
o
Mortgage loan of 1857 convertible
148 1868
1,000
t Mortgage loan of 1868, gold. ext. In 1893. ...e<fcr
254 1871 200 Ac.
tConsol. mort. ($8,162,000 are gold 6s).FP..cfer
See V. 65, p. 870, g.c&r 325 1873
1Imp.M.,g.,ext. '97.PeP
327 1882 500&C.
Consol. mort. 5s, ext. in '97 (V. 65, p. 278) .c<fer
1891
c*<fcr
1,000
{Terminal mort, gold. See V. 64, p. 85
1894-8
Philadelphia City Subway Loan, guar., $3,000,000
do
.
.
-
.
,
. .
1
(Philadelphia
Ac
Reading Coal
&
Pon-
INTEREST OR DIVIDENDS.
When Where Payable, and
Cent.
Payable
Whom.
Amount
Outstanding Rate per
1,29.\000
1,584,000
2,000,000
870,000
1,872.000
OF 1897.
500,000
809,000
1,390.040
1,512,700
4
g.
4g-
4^g
4 1sg
4»ag
t
5
g
-
g.
6
954,000
6
4i«
79,000
2,696,000
5g.
18.811,000 6 g. &7
9,363,000
4 g.
5,766,717
8.500,000
5 g.
2,741,000 TJ3&312
4c
ext. In '02
/
—
6&7
New Jersey to Atlantlo City and Cape May. on the Atlantic
Ocean, and to tidewater at Port Reading on New York harbor, viz.:
Miles.
Leased lines (Con.)
Miles.
Lines owned in fee.
1147-1
Phila. Har. & Pitts. RR
Phil, to Mt. Carbon, etc. &
12581 Wilmington & North. RR.. U 88*4
branches
1-3
ft9 50
Phila. & Reading Term. RR.
Lebanon Valley branch
7-4
Lebanon <fc Tremont branch 65-28 Reading Belt RR
erly in
—
Mahanoy & Shamohln bra'h 59-86
Tot. leased (2dtrack 260-9). 6461
53 -37
SchuT lkill & Susq. branch
r86
Entire stock owned—
West Reading branch
5-3
Total (2 tracks 182 m).^ 36b 64 Chester & Delaware RR
1-6
e rt & Bloomsburg
Lines leased (See each Co.)
6-3
12-8 Middlefn & Hummelstn RR
Colebrookdale RR
. .
,
!
RR
Raat, Pftntisvlvania
East Pennsylvania RR
Allentown RR
&
,
,
112 TamaquaHazleton&N.
Pickering Valley
I
5135-4
1135-4
9-9
1
Controlled—
Central RR. of New Jersey. 677 4
Reading & Columbia RR
11396
Lebanon & other branches 13-8
6-4
Read. Marietta & Han. RR.
North East Penn. RR.
H257
Phila. & Chester Valley RR. H23 9
•
1
1T4-5
Little Schuylkill Nav. <fe RR. 1131-5
Schuy. Haven.. 1142-0
Mine Hill
Mt. Carbon &Pt. Carbon RR.ff 2-5
&
&
Mine H. RR....H 38
Mill Creek
Schuylkill Valley Nav.&RR.Ifll-O
40 Perkiomen RR & N. Y. RR.. 1138-3
Phil. Newtown
""• S^J^Vr
H21-7
™t 2
21 9
0-4 PwJ Reading RR
Norrlstown Juno. RR
preek £*•-----•
10 1
08 |*«>W Frankford RR
Norrist. & Main Line Conn.
&
H 2-6
N^^th Pftnnaviva.nia.RR
ita«-9.
North Pennsylvania RR
H862 Phil. See this company.)
(H
Delaware A Bound B. RR... U338
1,134-9
Total controlled
11469
8chaylkill & Lehigh RR
Chestnut Hill
RR
CatawlssaRR
H
111030
,
IT
.
I
i
IT
2,146-6
Total system July, 1904 (2d track, 765 miles)
(U See this company.) From the company's docks at the extensive
terminal at Port Richmond It operates a line of steamers aud barges
In coastwise coal trafflo and provides berths with elevators and ample
accommodations for several trans-AtlaDtio steamship lines. In Jan.,
1901, control of the Central RR. of New Jersey was acquired. V. 72,
p. 86, 340, 392, 676; V. 73, p. 847.
In June, 1901. an interest in the Pennsylvania Steel Co. was acquired. V. 72, p. 1282; V. 79, p. 1039.
Stoqk Ownership. -The Baltimore & Ohio and the Lake Shore &
Michigan Southern are Jointly In virtual control, having acquired in
1902-03 over $60,000,000 of the $140,000,000 voting trust certificates,
consisting largely of preferred stock. V. 76, p. 102; V. 77, p. 350.
Voting Trust, Etc.—The voting trust was dissolved In Sept., 1904,
upon payment of 4 per cent dividends on first preferred for two consecutive years. The company has the right to oonvert the second preferred stock into one-half first preferred and one-half common stock.
See V. 64, p. 709.
Organization.—The Philadelphia & Reading RR. (ohartered April
4, 1833) and the P. & R. Coal & Iron Co. were sold In foreclosure Sept.
23.'96, and reorganized per plan in V. 61, p. 1109. 8ee V. 64, p. 709.
In the reorganization the 41 millions of old stock and the 56%
millions of old preference income bonds were assessed 20 per cent,
the stock then receiving 100 per cent In new oommon and the preference Incomes, common and preferred stock In certain proportions.
The "Reading Company" in the reorganization acquired the security holdings, real estate, equipment, etc of the old Phila. <fe Reading
RR. Co.; also the $20,000,000 stock and $20,000,000 bonds of the Phila.
& Reading Ry. and the $8,000,000 stock of the Coal A Iron Co., and
against all this property issues its own securities. See V. 64, p. 709.
The property of the "Reading Company" consists of the following
$21,805,738
Railway equip, leased to Ry. Co. for 8 p.o. yearly
Real estate not appurt. to RR. (ann. revenue ab't $175,000). 17,334,233
2,289,107
Colliers and barges leased to Ry. Co. for $115,000 yearly...
10,426,394
Leased and new equipment
Phila. & Reading Ry. stock $20,000,000 and bonds, $20,000,000 par (annual Int. to Reading Co., $1.2OO,O0O).... 40,000,000
8,000,000
Phila. & Read. Coal & Iron stock at par
Miscellaneous securities at par (In 1896 yielded $765,000). 70,228,806
'96-'97 mort.).
260.748
Morts. and ground rents at par (not under
Int. in Phila. <fe Read'g Coal & Ir. above securities owned.. 79,123,888
companies, etc
6,353,663
Claims against other
(SeeV. 79, p 1038)
$255,822,577
Total July 1, 1904
Sinking Fund. —Whenever, in any year, a dividend is paid on the
stock, an amount must be paid simultaneously to the trustee equal to
5 cents per ton on all coal mined bv the Coal <s Iron Company during
the preceding year, if the aggregate of dividends so declared exoeeds
that sum; otherwise such lesser sum as shall equal the dividends so declared. Under this provision general mortgage 4s (not callable) were
purchased and canoeled as follows: In Mar., 1900, $433,000; in 1901,
$391,000; In Mar., 1902, $443,000; in Mar., 1903, $253,000; In Mar.,
1904, $49^,000. V. 73, p. 848.
1900. 1901. 1902. 1903. 1904.
1905.
Dividends— per oent
4
3
4
Mar., 2
4
3
1st preferred
1
l *
4
id preferred
Firbt dividend on 2d pref., I 1* p. c, paid Nov. 10, 1903; In 1804, 4
,
—
p. o. (M.
Bonds.
&
N.)
The General Mortgage 4s (abstract
V.
€4,
p.
612)
& 8
A S.
& N.
& J.
& O.
Q.-M.
J. & J.
M. & 8.
M. & N.
F. & A.
M. & N.
J. & J.
J. & J.
J. & J.
J. & J.
A. & O.
J. & D.
A. & O.
M. & S.
$750,000
4g- M.
70,000,000
28,000,000 4 in 1904 M.
42,000,000 4 in 1904 M.
66,232,000
4g. J.
23,000,000
4 g. A.
i.,
1892
1,000
ICol. 8. f. gold loan (RR.) gu. p
1,350,000
g
100 10,000,000
192
Rensselaer <t Sara. 8took 8p.cgu.Del.&Hud.(end.)
!
o*&r
79 1871
1,000
2,000.000
1st mortgage, consolidated, Int. rental
7
100
Richmond Fredericksb. <& Potomac Common stook
1.316,900 8 In 1904
100
Dividend obligations (same div. as com. stock)..
1,072,000 8 in 1904
100
Stock, guar. 7 p. o., except $19,300 guar. 6 p. o..
500,400
Note.—General mortgage of 1897 requires th at the Readi ng Co. and Reading Coal &
t
above.
IT Onlv $1 6.0OO are 3s.
marked
—
[Vol. lxxix.
Phila.,
nonas— Princi
pal, When
by
Stocks
Dividend.
Read. Ter. Bldg. Sept.
P.Morgan & Co.
N.Y., J.
do
do
N. Y., J. P.
Duf
— Last
1,
Sept. 9,'04. 2%
Nov. 10, '04, 2
Morgan&Co. Jan.
Apr.
Phila.,
Girard Trust Co.
Drexel
& Co., Phila.,Pa.
1950
When
1997
1951
drawn.
1,
1,
Jan'05-J'ly'07
Read. Ter. Bldg Mar'05-Sep'09
do
do
May'05-Nv. 09
do
do
To Aug., 1910
Phila..
do
do
& London.
Read. Ter. Bldg.
do
do
do
do
Phila., do & London.
Phila., Read. Ter. Bldg.
do
do
Phila.. Prov. Life & Tr.
City Treasury.
Philadelphia
Phila.,
Q.— F.
May
20,
July
Phila., Guar. Trust.
1,
1942
1942
1910
1910
July, 1910
Oot. 1, 1933
June 1, 1911
Apr. 1, 1947
Mch. 1, 1937
May 1. 1941
July
July
1,
1,
1904-1921
&
&
&
&
&
&
A. Phila.. Read. Ter. Bldg. Feb. 1. 1932
J. N.Y., Del. & Hudson Co. July, 1904, 4%
do
M.
N.
May 1, 1921
do
J.
J. Phila. and Riohmond. July 1, 1904,
J.
do
J.
do
July 1, 1904, 4
N.
M.
do
do
Nov., 1904
Iron Co. shall be responsible fo r all old bonds
F.
J.
»re secured by mortgage and pledge of all properties and securities embraced in the reorganization, and also all other property
acquired thereafter by use of the new bonds. They have above sinking
fund out of the revenues from the Coal & Iron Company, but are not
subject to eompulsory redemption prior to maturity. Thenewmort§age is also, subject only to the bonds for whtoh reservation la made,
ased upon properties or securities of all the lines of railroad owned,
including the Philadelphia A Reading Railway Company proper,
365 miles; various leasehold lines, 635 miles; all the property of the
Coal & Iron Company, or the seourltles thereof, representing nearly
200,000 acres of coal ana timber land; equipment valued at about $18,000,000, also marine equip. See application to list In V. 64. p. 709.
Furthermore, it has a first lien upon a majority of the capital
stock of various companies in the system owning 453 miles of railroad, and also on various bonds of system— list in V. 64, p. 613.
Of the $135,000,000 fours of 1897 $51,960,000 were In Nov., 1903, reserved to tax* up undisturbed bonds and $12,500,000 for construction,
equipment, etc., at not over $1,500,000 per annum. V. 77, p 2099.
Improvement mortgage 6 p. o. bonds of 1873 due Oot. 1, 1897, were
extended at 4 p. o. for 50 years from April 1. 1897, payable In U. 8.
gold and guaranteed p. A 1. by the Reading Co. V. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. o. till Mar. 1, 1937, the Reading Co. and Coal A Iron Co. becoming
responsible. See V. 65, p. 870, for contract. V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see January, 1895, Supplement.
The bonds were In 1902 extended to Feb. 1, 1932, at 4 per oent, principal and Interest being guaranteed by the Reading Co., and sinking
fund reduoed to $30,000 yearly. V. 72. p. 242; V. 74, p. 206.
In Apr., 15 04, the Reading Coal
Iron Company paid off $3,805,000
maturing bonds. V. 78, p. 1110.
The Philadelphia Subway Loan Is payable after ten years from date
In 20 annual instalments, to secure which $*>00,000, bearing Interest,
has been deposited, and $100,000 yearly Is being set aside in monthly
Instalments. See V. 58, p. 1110; V. 62, p. 950; V. 63, p. 881; V. 71, p.758.
The Jersey Central collateral trust bonds ($23,000,000 present issue)
are secured by deposit of $14,500,000 Cent. RR. of N. J. (cost $23,200.000) of the i27,2 13,800 stock outstanding, $1,495,000 Perkiomen
stock and $440,000 Port Reading RR. stook, the remainder of the
$45,000,000 authorized being reserved to acquire the minority •took
of the Central Company. They are subject to oall on April 1, 1906. or
any Interest day thereafter, at 105 and Interest, on 60 days' notioe.
See abstract of mortgage. V. 72. p. 487; V. 73, p. 847.
The Wilmington <£ Northern stook trust certificates are seoured by
deposit of tl.495,000 out of $1,500,000 W. A N. stook. V. 72, p. 340.
Car trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200 ,000
oar trusts of 1901 cover 10 passenger and 38 freight looomotives,
1,000 steel coal and 500 gondola oars, 500 box oars. They are additionally secured by $833,000 of the general mortgage 4s, which may
be withdrawn as the oar trusts are paid off. V. 72, p. 822.
Coal Properties.— These aggregate about 194,000 acres, as follows:
95,144 Timber lands owned (acres) 70,489
Coal lands owned (acres)
Coal lands leased (acres).... 7,429 Iron ore lands (acres)
21,000
&
I
|
Latest Earnings.— From July
t mot. to
Avg.
31.
4
—
P.
<t
Gross.
R. Ry.
Net.
.
$2,880,145
6.104302
2,«43,3«0
Charges all Cos. 2 mos. 1904
1»04
1903
t5.61(5,l»fl
do
do
1 to Aug. 31 (2 months) results were:
Coal & Iron.
All Cos.
Read. Co.
Gross
Net.
Net.
total net.
,
1
$»31,717
7<W,-3u
$4,ttl».151
6,e'.6,517
balance
$1,731 000;
1003
1.7?0.BiJ8;
Annual Report. Report
for
$3*4,199
23ft.«6
balance,
$2.»63.0(JO
3,«37,5»6
sur., $],1<!2,080
sur., l.887,uia
1903 4 was given at length In V. 79,
p 1019, 1035. See also editorial, p. 996.
1904
Tears Ending June 30.
1903.
1902.
Railway company— Receipts... $34,H3!»,39G $32,42^,791 $29,515,534
2 0,593,263
Expenses (lnol. renewals, etc). 2 1,14^,592
18,769,998
Net earnings
$13,790,804 $11,836,528 $10,745,536
$35,251,174 $23,279,241 $26,519,530
Coal A Iron Co.— Receipts
2V, 131,248
Expenses
34,018,724
26,283,203
$l,147.t»w3
$1,242,450
Net earnings
$236,327
Reading Co.— Net Income
6,431.711
6,849,685
5,312,129
Net earnings all Cos
$21,87:1,938 $19,416,232 $16,293,993
14,58*>,307
Fixed charges and taxes
14,465.222
14,359,09 9
$7,2H3,n3l
Surplus
$4,951,010
$1,934,893
Accumulated surplus
$14,406,456
$9,357,623
$4,439,840
Dividends on 1st pref
(4)1,120.000(4)1,120,000
(3)810,000
2d pref
DiTidendon
....
(3 *3)1.470.000
Surp. end of year (all cos.). $ll,81«.4i6
$8,237,623
$3,599,840
Officers.— Pres., George F. Baer; Vioe-Pres, and Sec, W. R. Taylor;
Treas., Richard Tnli; Comptroller. D. Jones.
Directors— Joseph S. Harris, George K. Baer, Henry C. Fiick, B. T. Stotesbury. Henry A. Dupont, Henry P MoKeun, Samuel Dickson, Charles Steele
and II. McK. Twombly.
Office— Reading Term. Bulld'g, Phila.— (V. 79,
p.
1019,1035,1642.)
Rensselaer Sc Saratoga RR.—Road.— Embraces 192 miles, vis:
Miles.
Leased ( Continued)—
Miles.
Road owned—
15
79 Ft. Edward to Caldwell
Troy to Lake Champlaln
Leased—
Troy to Waterford June,
Soheneotady to Ballston.
Vermont
etc..
line to Castleton, Vt.
Y., to Rut-
14 Eagle Bridge, N.
15
land. Vt
7
62
Oct., 1904. J
RAILWAY STOCKS AND BONDS
[857
RAILWAY STOCKS AND BONDS.
1858
RAILROADS.
Date
Miles
Size, or
INTEREST OR DIVIDENDS.
per When Where Payable, and
Amount
Par
of
For explanation of column headings, &c, see notes of
Rate
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
1890 $1,000
1898
1,000
82
Ric.Fr.dtPot.(Con.)— Con. M., $500,000, g.Ce.oMcr
31
Rtch. <6 Meek
1st M., $315,000, g.(V. 69, p. 391). o
Richmond <£ Petersburg— See Atlantic Coast Line RR.
Rich.-Wash. Co.— Coll. Tr., g., gu., red. 105.I».o*&r
—
Rio Grande Junction— Stock
1st mortgage, gold, guaranteed. Ce
c*
Bio Or. Sierra M. <£ Pac.— 1st M. g.,$20,000 p.m.Ce
Rio Or. Southern—1st mort., g., $2,277,000, guar..
Rio Grande Western— Bee Denver A Rio Grande.
Soch. <£ Genesee Vol.— Stock, 6% rental Erie RR
Mock Island Co.—Common stock. $96,000,000..
Pref. stock, (see text) non-oum., $54,000,000
Bonds of System.
100
100
100
18
Ch. R. I. & P. RR. ool, tr. M., $75,000,OOOCe.o*<fer
Ch. R. I.
P. RR. ool. tr. M., red. at 102*s.Ce.o*
O.R.I.&P.Ry.lstM.,Ch.,ni.,toCoun.Bl.&br.lJso* 736
o*<fer 3,128
General mort , $100,000,000, gold,.Ce
1902
1903
1877
1898
1902
1902
1901
1904
1904
1904
1876
1881
1884
1877
1885
1894
1899
1899
1902
&
Col.tr M.,g.,8er BtoP,dney*ly,red.l01Ta.Ce o"
296
Coll. tr. notes.g.half red. 102 (St.L.K. C. & C. coll.)
Ref. M. $163,000,000, g., red. to 1911.Ce. c\fcr Text.
Notes secured by dep. of $7,500,000 ref. bonds
Notes, $11,250,000 ref. bonds, red. at 102. ..
1st mort. on Elevator, $1,000,000, g., red. par
369
Burl. C. R. & No. 1st M., lawful money F...o*<fer
C. Rap. I. P. <fe N.W., cons. 1st M., g., guar.Ce..o
All
B.C.R.& No. con. 1 ft M. A ool. trust, gold F.c* Ar
12
Mlnneap. & St. L.. 1st M., gold (assumed) Ce..
Rook Island & Peoria, oonsol. 1st mortgageMpr 113
283
Choc. O. & G., gen.(now 1st) M., $5,500,000. g.o*
Choc Mem. 1st M., $3,750,000, ass'd.GPc&r 282
• * *
L. Rock Bridge 1st M.,ass'd,g.,red.(text>GP.c
962
Consol. M. (see text), $30,000,000, gold GP.c
&
l.OOO&o
50,000
1,000
100 &o.
1.000
1,000&0
$284,744
283,601
1902-3
1901-2
$791,233
$1,075,977
$3,299,118
2,756,720
751,104
1,034,705
-(V. 73, p. 337; V. 74, p. 1088; V. 75, p. 342, 1147.)
Richmond Fredericksburg A. Potomac RR.—Owns from
Richmond, Va., to Quantioo, 79 miles; James River branoh, 3 m. leases
Quantioo to Junotlon, etc., 3 miles, total 85 miles; being double-tracked.
The dividend obligations carry no voting power. Rloh. & Petersb. Connection RR. stook of $140,000 receives 8 p. 0. dividends under lease.
The R. F. & P. RR. guaranteed stock Is seoured by mortgage.
The Richmond- Washington Co. (see below) in 1901 took over $947,200 of the $1,316,900 common stook, and "union" line of that company
has been operated by Rich. Fred. & Pot. officials since Nov. 1, 1901.
;
&>
'94. '95 '96. '97. '98. '99. '00. '01. '02.
1903. 1904.
8
8
8
Bonds - Of the gen. 3'ss of 1903, due Apr., 1943 ($1,000,000 authorized), to be issued for double-tracking and improvements, $-(,500,000
have been or are to be acquired and placed under the Richmond-Washington Co. mortgage, the remaining $5* 0,000 being reserved to retire
the con9ol. 4Ljs at maturity; $2,300,000 were outstanding in June,
1904. See V. 77, p. 2388, 2391.
div. oblier. p. 0.
5 6ifl
7 6*2 7
7
7
8
8
Earnings.— 1 2 months, $1903-4 ..Gross, $1,522,331; net, $500,831
July 1 to June 30.
1,338,904; net, 398,382
1 1902 3.... Gross,
Report.— Report for year ending June 30, 1903, was in V. 77, p.
2388. In 1903-4, gross, $1,522,331; net, $5(0,831. In 1902-3, gross,
$1,338,901; net, $398,379; other income, $10,968; Interest, $22,500;
dividends, $231,144; new equipment, etc., $46,460; bal., sur., $109,
243. In 1901-2, gross, $1,168,054; net, $441,483; other Income, $16,105.-(V. 77, p. 629, 2388, 2391; V. 78, p. 769.)
Richmond A Mecklenburg RR.— Keysvllle,
Va., to Clarkesleased by South. Ry. Co. for 50 years
from Nov. 1, 1 898, for Interest on bonds. (V. 69, p. 391.) Stock, $357,900 (par $100), of which $300,000 owned by So. Ry. Co.— (V. 71, p. 1121.)
ville, Va.,
31 miles.
Road
555,200
6
J.
is
Richmond A Petersburg RR.— See Atlantic Coast Line RR.Co.
Richmond-Washington Company.—Controls a "union" line
Washington, D. C„ to Richmond, Va., 115 miles, in the Joint interest of
the following roads, viz., the Pennsylvania RR., Baltimore & Ohio RR.,
Atlantic Coast Line Co., Southern Ry., Seaboard Air Line Ry. and
Chesapeake & Ohio Ry., each of which owns one-sixth of the $2,670,000 capital stook; operation began Nov. 1, 1901. The entire roadls to
be double-traoked. V. 75, p. 78. Dividends in 1902. 3 p. c 1903, 4 p. c,
Incorporated on Sept. 5, 1901, and acquired $947,200 of the voting oapltal stock of the Richmond Fredericksburg & Potomac RR. and the entire stock of the Washington Southern Ry., extending from the south
end of Long Bridge across the Potomac River to Quantioo. 36 miles.
The oollat. trust 4s of 1903 ($11,000,000 authorized issue), are
guaranteed, Jointly and severally, prinolpal and Interest, by the six
roads named above; of the bonds $6,500,000 have been sold for
double-tracking and Improvements.
V. 77, p 629, 695; V. 78, p. 584,
1393. See list of collateral and form of guaranty, V. 77, p. 2391. Cal.
year 1903, Int. on Investments and deposits, $172,047; taxes, etc.,
$32,365; dlvs. (3 p. o.), $80,100; bal., but., $32,881.— (V. 78, p. 1393.)
;
Rio Grande Junction Ry.—Owns road Rifle Creek, Col., to a
connection with the Denver A Rio Grande at Gran a Junotlon, 62 miles.
This Is a connecting link In the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland Railway and Denver <fe Rio Grande at 30 p. 0. of gross earnings, which companies jointly and severally guaranteed the bonds, prin. and Int. First
div., 1898. 80ots.; 1899, $1 20; 1900, $1 96; 1901, *3 75; 1902. $4; 1903,
$3 90; 1904, $4 25. Year 1902-03, gross, $593,366; rental, $178,010.—
(V. 66, p.237; V. 78, p. 2385.)
Rio Grande Sierra Madre A Pacific RR.—Organized in Mexico In 1896; incorporated in N. Y. State in
June, 1897, being oompleted
from Cludad Juarez via San Bias Mountains, Lake Guzman, Sabinal
and San Pedro mining region, to Casas Grandes, 156 miles. In Oct.,
1904, negotiations were pending for the sale of the road to W. O.
Greene (President of the Greene Consolidated Copper Co and associates, an extension to be built southwesterly through timberlands
recently purchased by them. V. 79, p. 1462. Capital stock is $3,120,000 ($20,000 perlmile) and bonds are authorized at $20,000 per mile,
of whloh $2,000,000 Issued for construction to July, 1898.
Directors.— President, A. Foster Higgins; Vloe-Presldent, Edwin D.
Morgan; 2d Vice-President, A. Gifford Agnew; Secretary, George Rowland; Sldell Tilghman, John B. Lawrence Jr., W. Morton Grinnell,
John T. Terry. Sec, Geo. Rowland, 40 Wall St., N. Y.— (V. 79, p. 1462.)
&
J.
Apr.
Nov.
1940
1948
1,
1,
N. Y., by Erie RR. Co. July, 1904,
Checks mailed
do
do
88,8*- 6,000
Q.-F.
48,690,200 4 in 1904
& N.
& S.
A J.
& J.
& N.
& A.
& O.
& O.
<*
A O
5,500,000
3,525,000
355,000
5.411,000
1,000
1,000
Dividend.
O. N.Y., Phila. or Richm'd.
N.
J. P. Morgan A Co.
-
5.000
1,000
1,000
1,000
1,000
l f 000&c
&
4g. M. &
Bonds— jfrinolpal.When Due.
by Stocks—Last
6,500,000
* g- J. & D. N.Y.,N.Y.Seo.&Tr Co. June 1, 1943
2,000,000 414 in '04 Yearly. 5 N. Y., Mait., Coppell Feb. 11, '04,4i4
2,000,000
Deo. 1, 1939
5g. J. & D. ( &Co.,52 William St.
2,000,000
N. Y. Co.'s office.
July 1, 1917
g J. & J.
2 g- J. A J. N.Y.,Mait.,Coppell& Co July 1, 1940
4,510,000
4
500
1,000
1,000*0
Whom.
Payable
4*2g. A.
69,557,475
17,180.540
12,500,000
61,581,000
20,916,000
4,500,000
See text.
5,000.000
7,500,000
1,000.000
6,500,000
1,905,000
11,000,000
150,000
Lease.—Leased In perpetuity Maroh 1, 1871, to the Delaware & Hudson, which, June, 1901, owned $800,000 of stook; rental, 8 percent
on the stook and interest on bonds. Guaranty on stock, V. 56, p. 773.
Rentals.
Bal..def.
Year.
Gross.
A et {over taxes).
V. 74. p. 149.
Drvs. on stock
$500,000
315,00©
1903 lOOO&o.
100
1889
1,000
1897
1,000
1890
1,000
62
156
180
[Vol. lxxix.
4
4
gg.
? g
4 g.
'
414
4>a
5
A
&
&
A
450.000
cfe
A
A
&
A
1%
N. Y., First Nat. Bank fov. 1, 2002
Int. from Sept. 1, 1903 Sept. 1, 1913
N. Y., First Nat. Bank July 1, 1917
do
do
Jan. 1, 1988
do
May, 1905-18
do
St.
Louis.
Feb.-July,'05
New YorK
N. Y., First Nat
do
.1.
g.
Nov. "l," '04,
3%
Bank
do
Apr.
Apr.
July
Chioago.
Oct.
D. N. Y., Central Trust Co, June
O.
O.
do
do
do
J.
do
do
do
do
Oot.
1934
1905
1907
1924
1906
1921
1934
1987
1925
1919
1949
1919
1952
1,
1,
1,
1,
1,
1,
1,
do
Apr.
D. N. Y., Hanover Nat Bk. June 1,
J. N. Y., Company's Office July 1,
J. N. Y., First Nat. Bank. Oot. 1,
do
do
J.
Jan. 1,
N.
Earnings—For 2 months ending Aug.
July
May
1,
1,
31:
2 months.
Net.
Oth. inc.
Charges.
Gross.
Balance.
1904
$71,023
$28,669
$2,919
$36,244
df $4,657
1903
97,822
51,507
2,948
36,244 sur. 18,211
For year ending June 30, 1904, gross, $461,566; net, $192,010;
other inoome, $6,379; interest, taxes, etc., $216,616; defloit for year
$18,227. In 1902-03, gross, $553,554; net, $278,157.— (V. 71, p. 389.)
Rio Grande Western RR.—See Denver & Rio Grande RR.
Rochester A Genesee Valley It It.— A vonto Rochester, N. Y., 18
miles.
Leased July 1,1871, in perpetuity to Erie Ry.
p. 1276,1499.)
Rental, $34,012.
-(V. 78,
Rock Inland Co.— (See Maps,pages\l8K2,\1853.)— Incorporated
New Jersey on July 30, 1902, ann acquired, per plan V. 75, p. 240,
the entire stook ($145,000,000) of the Chic. R. I. A (* Railroad (new
co.), whose bonds, together with the ntooks of the Rock Island ComSany, were Issued in exchange for (1) $t>9,557,4u0 of the $74,817,100
hioagoR. I
Pacific Railway— which see, and (2) per plan (V. 76, p.
1408, 1406), for over 90 p. 0. of the $30,80^.000 St Louis & San Fran.
common stock. In Sept., 1904, Rook Island interests, Jointly with
Unien Pacific, had control of the Chioago A Alton. V. 79, p. 1462.
Road.—The road, dearly shown on accompanying maps, ineludes
in
&
CHICAGO ROCK ISLAND
<fe
PACIFIC
Milts.
&
Leased—
Keok. & Des Moines
stock owned)
Pao. Railway.... 3,895
Chic. R. I.
Slock all* or nearly all\ owned.
Choot. Okla. A Gulf
J 1,055
Nor
Burl. Ced. Rap.
; 1,373
Peoria (also
Rook Island
leased)
J121
A
St.
&
Col
. .
(maj.
Peoria & Bur. Valley (also
controlled by stsok)
&
Louis Kan. City
Leased—
Des Moines
RAILWAY SYSTEM.
Trackage
"298
Total Julyl, 1903
47
408
7,503
aeoond and third track.
A Ft. Dodge
162
. .
288
144
OTHER LINES.— CONTROL ACQUIRED.
& San Fran System .. 5,788 Evansville & Terre Haute... 331
Stock.— Common stook authorized $96,000,000; pref erred $54,000,-
St. L.
|
000. The stock of the controlled oompanies issued and acquired, ana
the amounts of Rook Island Co. stock therefor, follow: V. 76, p. 1408.
<i<-qu\re<i.
^Rock l»t.
Common.
Chicago Rock Island* Pac. Ry. 176,000,000
St-LouU* San F.Ry.com.stoefe. 30,808,000
$69,557,400
2S,"31,9
$69,f57,400
19,197,500
$105,808,000
$9«,19«,300
$88,885,900
lotal
issued.
Total
Total
Co. Issues.-*
Preferred.
$18,690,200
$48,690,200
Reserved for 'Frisco stock not deposited and com$l,46rt,900
mission
Balance
6,617,200
$96,000,000
Total
The preferred stook
5,309,800
$61,000,000
preferred as to oapital and also as to noncumulative dividends at the rate of 4 p. 0. yearly for 1903 and thereafter to and lnoluding 1909, then 5 p. o. for 1910 and thereafter to
1916, Inclusive, and thereafter 6 p. c. The preferred stockholders are
entitled to elect a majority of the directors. The authorized amount
oan only be Increased with the consent of two thirds of each class.
Dividends.— Dividends on pref., Feb., 1903 to Nov., 1904, both inclusive. 1 p. o. quar. (Q»-F.)
P. RaVway refunding mortgage of 1904
Bonds.— As to Chlo. R. I.
see that company and V. 78, p. 228, 234; V. 79, p. 1716.
Official Statement.— As to securities, rights of shareholders, etc
see V. 75, p. 1157.
Earnings— For results of operations of the Chicago Rock Island
Pacific Ry. and Its leaped and auxiliary lines (forming the "Rook Island system") and of tli St. Louis & San Fraucisoo lines (Frisco system), see those oompanies in this Section; also the Chi' ago & Eastern
Illinois. The reports of the oompanies named were given in the
Chronicle of Oot. 22 and 29, 1904.
The comoined income account of the Rook Island Co. and the ChiPacitio Railroad for the year ending June 30,
oago Rook Island
1904 (see Chronicle Oot. 29) Is, as follows
Dividends on Chic. R. I. & P. Ry. stock owned
$5,564,592
is
&
&
•
&
:
Other income
64,817
)
Rio Grande Southern RR.— (See Map Denver <& Rio Grande.)—
Owns narrow-gauge road, Rldgeway, Col., southerly to Durango, 162
and branohes, 18 miles. Stook, $4,510,000; June 30, 1904,
$2,255,600 owned by Denver A Rio Grande. See V. 63, p. 404. Mortgage abstract V. 54, p. 163, and application to N. Y. Stock Exchange
miles,
Of the bonds, $3,277,000 are guaranteed by D.
See guaranty, V. 70, p. 1295.
In V. 54, p. 446.
V. 70, p. 791.
A R. G.
Total income
Expenses and taxes
Int. onC. R. I. & P. Railroad bonds
Dividends paid (4 percent)
$5,629,409
$56,924
3,495,113
1,947,608—5,499,645
Balance, surplus
$129,764
Officers.— Chairman of Board, W. B. Leeds; President, Robert
Mather; Treasurer and Secretary, D. G. Reld: vioe-Peesldent, Assistant Treasurer and Assistant Secretary. George T. Boggs.
Wm. H. Moore. D. O. Reld. F. L. Hlne. Geo. G. MoBrewster. D. G. Bolssevaln an<l >gden Mills, New York: R,
Cable, Robert Mather, James H. Moore and Marshall Field, Chicago; B.F.
Yoakum, 8<. Louis: H. C. Frlck, Pittsburg, Pa.; Geo. T. Boges, Bast Orange, N. J.
Finance Committee— Wm. H. Moore. Chairman; W. B. Leeds, D, G. Reld,
J. H. Moore. F. L. Hlne and Marshall Field
N. Y. office, 71 Broadway.— (V. 79, p. 1462, 1642, 1 700, 1 Tl 6.)
Dlrectors-W. B. Leeds,
Murtrv. Geo.
R
8.
:
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
For explanation of oolunin headings,
on first page of tables.
<feo.,
Miles
of
see notes
Date
of
Size, or
Par
Road. Bonds
Value.
1900
1901
1902
O
GP
Rome <6 Clinton— Stock (rental guaranteed)
Rome Watertown <* Ogdensburg— 8took, guar,
(end.)
Vln.,s.f.,notdr'n.o*
let M.,Wat. & R., Rome to Cape
Consol. M. (Int. only In gold,$500,000 are 3 >»8) F.o.
Oswego Bridge Co. 1st mortgage
Syracuse Phenix & Oswego 1st mortgage.
Norw'd & Mont. 1st M. , g. , $360,000; $10,000 p.m.
R. W. AOg.Term.RR. 1st M., gold, assumed ...c*
Osw. & Rome, 1st M.7s ($350,000) and 2d M.5s,gu.
Utloa&Bl. Riv. st'k,7p.c.perpet. gu.by R.W.&O.
U. & B. R. 1st M., $2,000,000, g., gu. p.&i. .Ce.o
Rutland— Stock, preferred (for com. see text)
First consol. mort. for $3,500,000, gold.Us .o*<fer
L. Ch 1st M., $4,400,000, g., assu.Ce..o*
Ogd.
Rut. -Can.— 1st M., g., assum.,$l,350,OOO.OB..c*
Bennlng & Rutland— 1st ref.M. g.,assumed.N.c*r
2d M., gold, assum., sub), to call aft. 1901 Co.c*
Chath. &Leb. Val. 1st M.. $500 000, g.. p.& i.,gu.S
Equipment trusts, g , maturing $33,000 yearly.
97
All
We
&
tr. $1,000,000, g., $100,000 y'ly.AB.c&r.
Ogdensburg.Term.Co M.,int.gu.,s.f $10.000 y'rly
Rutland dt Whitehall RR.— Stock (no bonds)
17
13
7
28
150
150
120
120
127
43*3
59
59
58
Equip,
Baa. Tuscola <£ Huron— 1st M.,g.,gu.,p.&i., end.N.c*
St. Johnsb. dt L. Oham.pl— 1st M. ($1,328,000 gu.)g.C
81. lohns River Term. -IstM. $2,000,000 N
St. Jot. dt Or. I si. Ry. —lat pf. stock, 5%, non-cum.
Ceo*&r
1st mortgage, gold ...
Equipment notes, gold, due $10,000, semi-ann..
St. Law. dt Adirond. Ry.— 1st M„ $800,000, g.N.,0*
2d mortgage, $400,000, gold. IV
Rock Island & Peoria Ry.— Owns
7
66
131
1,0)0
100
1,000
1890
1,000
1891
1898
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1899
1897
1900
1901
1901
1902
"106
1900
1894
1902
1,000
1,000
1897
1904
1896
1896
1,000
1,000
1,000
l.ono
"Too
251
"43
43
from Rock Island.
111.,
to
111.,
'
;
Rome &
&. Ogdenshurg RR.— (See Map New York
Rome Watertown Railroad.)
Hudson River
—Owns from near Niagara Falls to
Central
dt
Massena Springs, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego & Rome RR. and Suspension Bridge to
Lewiston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Richland to Rome, 41 miles; Dranohes to Cape Vincent, Ogdensburg,
Pulaski, Fulton, etc.. 110 miles; total owned, 414 miles. Leases Utica
6 Blaok River Railroad
($1,120,000 of $2,223,000 stock owned), Utica
and Clayton branch, 150 miles Oswego & Rome Railroad ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR., 9 m.; Carth. Watert. & Saok. Harbor, 29 m.; total, 629 m.
Lease.— In 1891 leased during oorporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. 0. on stock;
guaranty, see V. 52, p. 463. Utica dt Black River Is leased in perpetuity,
7 per cent on stock guaranteed.— (V. 72, p. 1238.)
Rutland RR.—Controls Rutland Transit Co., and operating steamers between Ogdensburg and Chicago, Duluth, etc. Operates passenger trains into Montreal from Noyan Jet. over Quebeo Southern and
Canadian Pacific, and to Troy and Albany over Boston & Maine and
N. Y. Central & Hudson River RR. V. 75. p. 1029.
Miles.
Leased, etc. —
Miles.
RR. Lines Owned.
Lines to Tioonderoga, etc... 18
Bellow's Falls, Vt., to Og283
densburg, N. Y
114
Total operated
Rutland.Vt. to Chatham
415
Owns entire $100,000 stock and $100,000 4 p. 0. bonds of Rutland &
Noyan RR., entire $1,000,000 stock of Rutland Transit Co. and entire
$300,000 stock of Ogd» nsburg Terminal Co. V. 75, p. 1029. (V. 73,
In 1901 W. Seward Webb obtained control.
p. 437; V. 72, p. 88, 822.)
Stock.— In July, 1904, all but $199,400 oommon stook had been exchanged for pref. ten of oommon for one of pref. V. 72, p. 439.
Dividends > Year '92 to '95. '96. '97. '98. '99. '00. '01. '02. 1903. None
3
1
since
on pref.. 5 P. C. 4 yearly.
Accumulated dividends on preferred said to aggregate 130 per cent.
Bonds.— Rutland-Canadian mortgage is for $1,350,000 (see advt. In
Chbonicle of July 15, 18*9). In 1902 $1,000,000 4 * per cent equipment bonds were sold. V. 74, p. 728. Of the amounts shown in the
table above as outstanding there were in the Rutland treasury June
30, 1904, $500,000 Chatham & Leb. 4s, $50,000 Ogdensburg Term. 4s.
Report.— Report for year 1903-04, in V. 79, p. 1701.
Tears Ending June 30.
1903 04.
1902-03.
1901-02.
to Ogdensburg,
;
NY
I
212234
1
Gross earnings
Net earnings
Total net income
Deduct— Taxes and rentals
Interest on bonds
Interest on loans
$2,414,452
768,928
817,991
89,957
513,432
Sink.f und tor equip, b'ds.
Special imp't items
Div. on pref. stock
$2,376,563
717,76*
824,249
90,845
534,468
1,229
100,000
100,000
103,043
$2,134,382
763.090
923.016
86,548
491,041
49,012
33,000
(1%)90,576 (3%)261,728
$11,559
Balance, surplus
$7,131
$1,686
Pres., W. Seward Webb; Treas., Clarence Morgan, Burlington, Vt.
Directors.— Percival W. Clement, Ge«. T. Jarvls, Rutland, ;vt.; John W.
Stewart, Middlebury, Vt.; W. Seward Webb,
Henry Powers. Morriiville,
Vt.; James Lawrence. Groton, Mass.; Fletcher D. Proctor Proctor, Vt.; Olin
Merrill, Enosborg Falls. Vt.; Channcey M.Depew, E. V. W. Rossiter, J. A, Burden Jr, N.Y.; James Burden Jr., Westbury, L. I.
Executive Committee: W. Seward Webb, E. V. W. Rossiter. James Burden Jr
H
-(V. 76,
V
2033; V.
79, p. 1701.)
Whitehall
Owns N.Y. State line to Castleton.
Rutland
Leased Feb. 1, 1870, in perpetuity to Rensselaer & Saratoga
Vt., 7
RR. (rental $15,342—
on stook) and so operated by Del.
Hudson
SaglnawTuttcola* Huron.— Owns Saginaw, Mich., to Bad Axe,
66 miles. Stock, $600/>00 par, $100. In year 1898-9, gross, $147,448; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1, 1900, for guaranty of principal and
interest of bonds (form V. 71, p. 30) and maintenance.— (V. 72, p. 88.)
St. Clair Madison Sc St. Louis Relt
See Missouri
Illinois Bridge & Belt RR.
m
p.
47;
77, p. 38, 90, 512,
&
RR.—
6%—
&
;
St.
Johnsbury
6c
Q—
100
1855 100 Ac.
1874
1,000
1885
1885
1886
L888
1,000
'65-91
•68-71
RR.—
&
Lake Champlaln RR.— Owns Lunenberg,
Vt„ to Maquan Bay, on Lake Champlain, 120 miles, and branoh from
North Concord, Vt., to East Haven, 11 miles; total, 131 miles. The road
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Dividend.
Whom.
Cent.
5 g A. & O.
$50,000
5H0.000
5 g. F. & A.
4ksg. A. & O.
1,320,000
345,360
6H J. & J.
F.
5
10,000,000
M. & 8.
6
417,800
9,576,000 5&3H) A. & O.
F. & A.
6
100,000
F. & A.
6
175,000
5g. A. & O.
130,000
5 g. M. & N.
375,000
750,000 5g&7 Various
M. & a.
7
1,103,000
4 g. J. & J.
1,950,000
9,057,600 1 in 1903 J. & J.
4*9g. J. & J.
3,490,200
4g. J. & J.
4,400,000
4g. J. & J.
1,350,000
4»2g. M. & N.
500,000
5 g. M. & 8.
500,000
500,000
4g. J. & J.
313,000
4^g. M. & N.
4*2g A. & O.
800,000
4
130,000
Q.-F.15
6
255,700
4g. F. & A.
1,000,000
5g. M. & 8.
2,500,000
J. & J.
4
1,000,000
5,500,000 5 In 1902 J. & J.
4g. J. & J.
3,500,000
5 K. M. & N.
360,000
800,000
5 g. J. & J.
400.C00
6 e. A. & O.
1,000
91 miles; R. I. & Meroer County RR., 22 miles; branch, 5
miles total 118 miles. Leased by the Chicago R. 1. & Pacific for 999
years from June 1, 902. for fixed charges and 6 per cent on the stock.
In July, 1904, the Chic. R. I. & Pao. had acquired by exohange, share
for share, for its own stock all except $9,700 stock not already owned.
V. 74, p. 1197, 1253 V. 75, p. 30. In year ending June 30, 1901, gross,
783,599; net, $61,446; other income, $7,303; interest on bonds,
f27,000; taxes, $41,777; div. (5p,c). $75,000; bal., deficit for year,
$75,030. Dividends at 5 p. 0. per annum have been paid; in 1892 am
extra 10 p. 0. was paid; in 1896 an extra 5 per cent. For bonds ste
Sock Island On. on a preceding page. Chic. R. I. & P. Ry. 4s of 1904
are reserved to retire these when due.— (V. 75, p. 30.)
Clinton RR.— Owns road from Rome to Clinton, N. Y.,
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
& Hudson Canal Co. and operated by N. Y. Ontario & Western.
Peoria,
Outstanding
$1,000
Isl. Co. (Con.)— CUootaw car trusts, g. GP.o'
I»
Ser. B, $70,000 s.a.to Aug. '06, then $75,000
Ser. C, $1,750,600, April, y'rly, be gin. 1903.
Rock
Amount
(359
Glrard Trust Co. Oct. 1, 1905
do
To Aug., 1908
do
do
do
April, 1905-10
Clinton, N. Y., by check Juiy,'04,3»«%
Phlla.,
N. Y., Gr. Cent. Station. Aug.15,'04.11*
do
Sept. 1, 1910
do
do
do
do
do
do
do
do
do
Company's
do
do
do
do
do
do
do
do
July
Feb.
Feb.
Apr.
do
do
do
do
Mch.
May
May
1923
1915
1915
1916
1918
1915
1,
1,
1,
1,
1,
1,
Sept.30 '04,3i2
July 1, 1922
office.
Jan. 15, '03,1%
N. Y., First Nat'l Bank, July 1, 1941
July 1, 1948
do
do
Boston, City Trust Co. July 1, 1949
N. Y., First Nat'l Bank, Nov. 1, 1927
do
do
do
do
1,
1920
July 1, 1951
Nov. 1, '05-'12
Oct., 1905-17
Troy, United Nat. B'nk. Aug.l5,'04,H*
N. Y., Secur'y & Tr. Co. Feb. 1, 1931
Boston, Comp'ys Office. Mch. 1, 1944
July 1, 1952
New York.
N. Y., Central Trust Co, Julyl5,'02,2i«
V. Y.. Central Tr. Co.
Jan. 1, 1947
First Tr. & Sav. Bk.Chlc, My,'05-My,'09N. Y., Seemly & Tr. Co
N. Y. Colonial Trust Co,
,
July
Oct.
1,
1.
1996
199ft
operated independently although a majority of the stock is owned by
the Boston & Lowell, leased to Boston & Maine. Notes payable June
30, 1904, $263,450, Stook, oommon, $2,550,000; pref., $1,298,500;
par of shares, $50. In year 1903-04, gross, $346,337; net, $37,436; def.
under charges, $40,979.
St. Joseph Sc Grand Island Ry.— Line of Roat>— St. Joseph,
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Gower,
Is
Mo. .20 miles, and Gower to Kansas City, 41 miles.
History.—A reorganization Feb. 23, 1897 (per
& Grand
plan
in V. 62, p.
Island Railroad, sold in foreclosure.
Union Paciflo interests are understood to be in control. V. 75, p. 907.
Stock.— Common $4,600,000; 2nd pref. 4 p. c, non- cumulative,
$3,500,000; 1st pref., $5,500,000 (see table above); par $100.
1899.
1900.
1901.
1902. None
Dividends (p. 0.).. I 1898.
since.
5
3
3
5
5
On 1st pref
J
Bonds.—The 1st mort. interest was 2 p. c. till Jan. 1 1899; then 3 p. 0.
Bonds for $500,000 reserved
till Jan. 1, 1902 and thereafter 4 p. o.
for uses of new oompany cannot be issued to exoeed $100,000 yearly,
and $1,000,000 can be sold only for new mileage at not exceeding
$6,000 per mile. Mortgage is for $5 ,000,000. Seelistingin V 64, p. 1138.
In May, 1904, $400,000 5 p. c. equip, notes were sold. V. 78, p. 1783.
Latest Earnings.— 2 months ending Aug. 31
Gross.
Net.
Int., tax., etc. Bal.,sur.
2 months—
784,950). of the
St. J.
,
1904
1903
$226,847
$60,430
$45,000 $15,430
44,298
234,140
37,883
6,415
Annual Report.— Fiscal year ends June 30. Report for 1901-02,
with balance sheet, was In V. 75, p. 1029.
In 1903-04, gross,
$1,314,220; net, $237,575; interest and taxes, $234,473; balance, surplus, $3,107. President, W. T. Van Brunt; Treas., Graham G. Lacy;
Seo'y, Francis W. Russell, St. Joseph. Mo.
Directors Oot., 1902, V.
75, p. 907.-(V.77, p. 398, 2036; V 78, p. 1783; V.79, p. 1462.)
St.
Joseph South Bend
& Southern RR.— Owns South Bend.
Ind., to St. Joseph, Mich., 39 miles. Stock, $500,000 common and
$250,000 5 p. c. prel. Leased to Indiana Illinois
Iowa RR. for 50
years from Feb. 23, 1900; 5 p. 0. per annum on pref. and 2 p. c on
oommon are paid Mar. 15 and Sept. 15. No bonds.— (V. 73, p. 554.)
&
St.
Lawrence & Adirondack Ry.— From
Malone, N. Y. (on
to Adirondack Jet., 56 miles, connecting there with
Pacific at its St. Lawrence River bridge, Montreal.
Mohawk & Malone)
he Canadian
Stock $1,615,000; par of shares $100.
Dividends, 2^ p. c, paid Sept. 1, 1901; in 1902, March, 2^ p. 0,;
in 1903. July, 3 p. o.
Current liabilities June 30, 1904, $26,773
equipment trusts, $55,156.
In 1903-4, gross, $266,990; net, $111,211; other income, $658;
charges, $103,334; bal., sur., $8,535.
In 1902-3, gross, $269,697;
;
President, W. Seward Webb.— (V. 75, p. 794.)
St. Louis Brownsville
Mexico Ry.— Owns Brownsville,
Tex., on Msxican boundary line northerly to Robstown, 141 miles,
opesed July, 1904; branch under construction from Harlingen to
San Miguel. 65 miles, to be completed in 1904. Extension is proposed
from Robstown to Sinton and Bay City, 142 miles; also branches
from Bay City to Houston and from Chenango to Galveston. 40 miles.
See V. 77, p. 350; V. 79, p 1024. B. F. Yoakum of St. Louis and San
Francisco and associates are in control. Stock authorized $3,850,000.
Stockholders will vote Nov. 15, 1904, on authorizing a first mortgage to
secure $4,000,040 first mortgage 5 per cent gold bonds at the rate of
$7,800 per mile on the line from Robstown to Brownsville and the
Hidalgo branoh from Harlingen to San Miguel, 65 miles. Presideut,
Uriah Lott; Treasurer, John D. Flnnegan. (V. 79, p. 1024.)
St. Louis
Cairo
See Mobile
Ohio RR.— (V. 70, p. 532.)
St. Louis Iron Mt.
South. Ry.—See Mo. Pac. By. System.
St. Louis Kansas City
Colorado
Forest Park (St.
Louis) to Kansas City,Mo., 296 m.; branch, 3 m.; trackage, Forest Park
to Union Station, St. Louis, 4 m. In May, 1902, the Chic. R. Is.
Pao.
Ry aoquired the road. V. 76, p. 169; V. 74, p. 938; V. 75, p 13d, 794;
V. 78, p. 768. Stook authorized, $20,000,000; outstanding Feb., 1904,
$3,644,800; par, $100. Bonds are issuable at $30,000 per mile of main
line.
President, Wm. B. Leeds, Chicago, 111.— (V. 75, p. 78, 136,794.)
St. Louis Memphis
Southeastern
Extends from St.
Louis, at a connection with the St. Louis
San Fran. RR., to Luxora,
Ark., 242 miles; Cape Girardeau, Mo., southerly to Leechville, Ark.,
118 miles; branches, 321 miles; total mileage owned, 681 miles. Stock,
$18,oO0.000, all owned by the St. Louie
San Francisco.
Bonds.—The 4ks of 1904, guaranteed principal and interest by
the St. Louis
San Francisco ($16,000,000 authorized), issued
per plan V. 78, p. 1908, are a first lien on 681 miles of road, and
are further secured by a five-year traffic agreement with the St Louis
net, $153,607.
&
&
RR.—
&
&
A
RR.—
&
&
&
RR.—
&
&
& San Francisco and Chicago & Eastern Illinois. Old bonis outstanding additional to th»sewereln July 1904; $60,000 St. Loois Kennett
A Southern 6s, due Sept. 1, 192 $54,000 Pemucot Railroad te, due
Oot. 1, 1914; $6.').000 Kennett & Osceola 5s, due June 1,1917; $20,000 So. Mo. & Ark. 5s, due 1939; other bonds, etc., assumed, $14,300;
total, $*13,30O.
Officers.— President, A. J. Davidson; Vice-President and General
Manager, R. R. Hammond.— (V. 75, p. 291, 1088 1148.)
St. Louis Merchants' Bridge Terminal Ry.— Organization. —Double-track road from near Union Depot, via Main Street, Hall
Street, Ac, to Ferry Street, opposite the Merchants' Bridge, 7 miles. It
1
;
RAILWAY STOCKS AND BONDS.
1860
RAILROADS.
<fec,
see notes
Date
Size, or
of
of
Par
Road. Bonds Value.
Louit & Cairo— See Mobile & Ohio.
Louis Bridge - See Term. RR. Ass'n of St Louis.
Louis Kansas dk Nortncm-8ee Wabash Rt.
L. Kan. City dt Cot.— 1st
$20,000,000, g Sst.
M
iiond*— Prinoi
INTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
-
Miles
For explanation of column headings,
on first page of tables.
Bt.
St.
St.
Bt.
,
£.— 1st M., $16,000,000, g., p.<fe l.red.
8t. Louis Merch. Br. Term.— lstM.,gu.p.&i.,g.SSt.c
Meroh.B'ge 1st M., red. aft. Feb. 1, 1909, at J lO.SSt
Bt. L. d No. Ark.— 1st M., g., $25,000 p. m.text.Us
Bt. Louis & San Fran.—Com. stock, $64,000,000
1st pref. stock, 4 per cent, non-oum., $5,000,000
2dpf. stk. 4% n.-cu. $3 1,000,000
K.C.F. 8. A M. pref. stock tr. ctfs., $15,000,000,gu
C.&E.I.com.8tk.tr.cf8. % $7,217,eOO,g.gu.re.p'rOol
do pref. do $6,830,700, g.,gu.,red.par.Col
Refunding mort., gold, $85,000,000.
o*«fer
St.L. M.dkS.
Mo
&
Coll. tr. notes, red. sec. by St. L M.
S. E. stk
CoL tr. notes (St. L. S. F. &N. O.), g. red.par. NoWestern
Notes for Ark. Val.
Bonds underlying refunding 4s;
&
B & O,
292
674
126
1,691
1,691
1,691
2,539
222
Amount
Outstanding
1901 $1,000 $4,735,000
4 R. J. & J
1904
14,738,727
lis K. J. & D
1890 500 Ac.
3,500,000
5 K- A. & O
1889
1,000
F. & A
2,000,000
6
1900
1,000
3,065,500
5 g- J. & J
100
....
29.000,000
100
5,000,000
Q.-J.
4
100
....
16,000,000 4 in 1903 Q.-M.
100
13,510,000
<4—J4 K100
7,217,800
10 K- J. & J.
100
4.191,700
Q-J.
6 K1901 l,O0O&c a58,997,000
4 K- J. & J.
1904
1,000
5.000,000
5 K- J. & D.
1903
1,000
6,89.2,242
4>«g J. & D.
1901
2,100,000
M. & 8.
5
1st), Series
A,
gold
Mo.& W. Div. 1st M., g.,$5,000yearly dr.at 105. .0*
.
.
.
294
82
101
986
64
.
controls the Madison 111. & St. L. Ry., connecting the town
of Madison and East St. Louis, 8 miles; total, 15 miles. Leases Merchants' Bridge for interest on the Bridge Company's $2,000,000 bonds.
As to litigation, V. 77, p 299, 512.
Stock authorized, $3,500,000; Issued to Jan. 1, 1904, $2,939,500;
par, $100. On Deo. 31, 1903, there was due to Terminal RR. of St. L.
$1,333,489 for advances under its guaranty. In Nov., 1893, Terminal
RR. Association of St. Louis guaranteed by endorsement the prlnci
paland Interest of its $3,500,000 first mort. bonds and the interest on
$2,000,000 Merohants' Bridge 6s. The 6s are subjeot to call after 20
years at 110 and Interest.
Earnings.— Year 1903, gross, $1,074,238; deficit under taxes and
rentals, §69,597; Interest, $190,193; defloit, $259,790.— (V. 77, p. 299.)
North Arkansas RR.—Seligman, Mo., connecting
St. Lout*
San Francisco Ry., to Harrison, Ark., 68 1* miles;
with the St. Louis
owns and
&
A
extension from Harrison to Leslie, 60 miles, was completed In Oct., 1903
In June, 1904, the Leslie & Southern Ry , incorporated in Deo., 1902,
with $3,000,000 capital stock, by the same interests, proposed to
build an extension from Leslie south to Little Rock, Ark., 120 miles.
Successor by purchase Feb. 1, 1900, to Eureka Springs Railway.
The first mortgage of 1900 was to secure $3,212,500 5 p. c. gold
bonds on entire proposed line of 128^9 miles, at $25,000 per mile,
per plan V. 69. p. 645. Stock, $1,712,500; par, $100. For calendar ypar
1903 (112 aver miles), gross, $281,732; net, $113,969; Int., $103,356;
taxes, $6,254; bal., sur., $4,359. President. John Soullin, Bt. Louis;
Sec, W. 8. Roberts, Eureka Springs, Ark.— (V. 73, p. 900).
St. Lonls
O'Fallon
V. 77, p. 1747.
&
St.
& San
owned—
Lonls
RR.—
Francisco
RR.— (See
shown by the map, the system embraces: f See
Miles,
Lines
Louis,Mo.,toOkla.,0. T.. 543
Springfield, Mo., to Knoche
189
Jot. (Kan. City), Mo
Monett, Mo., to Red River... 286
Oklahoma, O. T., to Red Riv. 175
Sapulpa, Ind. T., to Denlson,
Bt.
Tex
193
Peirce City,"Mo.,"tb
worth, Kan
Ells-
Map.)— Road.— As
this Co.
Trackage—
Knoche Jet. to Kansas
Leased
—
City..
4
K C. Ft. 8. & M. and trackage. H 871
Kan. City Mem. A Birm
288
Operated indevendentlu — Miles.
Fort Worth A Rio Grande..
196
Red Riv. Tex. A South. (InoL
3 1 m. traok to Fort Worth.
87
Paris & Great Northei n RR.
17
St. L.San. Fran. & Tex. Ry..
16
Okla. City & Texas Ry
9
. .
323
Hope, Ark., to Ardmore, I. T 214
Beaumont, Kan., to Red River 318
Black well Enid A Texas ..
Fayettevllle, Ark., to Okmul13
144 St. Louis Memphis & S. E... 681
gee, I. T
Tulsa, I. T., to Arard, O T... 175 Chicago & Eastern Illinois. .. II 758
Branches in Missouri, KanTotal June 30, '04, (includ281
sas and Arkansas, etc
ing 151 miles trackage). 5,788
Birmingham Belt RR
....
16
Atch. Top. A Santa Fe the Kan. South
IT Also owns jointly with the
Arkansas City to Anthony, Kan., 59 miles.
western Ry.,
In Apr., 1903, the Oklahoma City A Western Ry., an extension from
Oklahoma City southwesterly to Quanah, Texas, 184 miles, was completed. The Birmingham Belt RR., owning 16 miles of traok around
Birmingham, Aia., was purchased; also the St. Louis San Fran. & New
Orleans Ry Hope Ark., to Ardmore, Ind. Ter 224 miles, completed
.
,
,
V. 74. p. 1197; V. 75,p. 75, 343. An extension is proposed from St. Loaisto Shelby vllle, ill., 95 miles, at a connection with
the Chlo. & East. Illinois. V. 75, p. 291.
Southeastern RR. was
Toe entire sto^k of the St. Louis Memphis
acquired in Nov., 1902. 8ee separate statement and V. 75, p 1087,1148.
Cherokee Central Ry., FayetteIn Jaly, 1903, aoquired the Ozark
vllle, Ark., to Okmulgee, I T., 144 miles, with extensions under con'
structlon from Fayettevllle to Jasper. Ark.; Okmulgee, I. T., to Oklahoma, O. T., and Muskogee, I T., to Ft Smith, Ark.; total to be 400 m.
Gulf, V 78, p. 769. See those companies.
St. Louis
The Arkansas Valley Western RR., Red Fork to Avard, Okla., 175
been operated from Mar. 1, 1904. V. 78, p. 49, 1 168. Houston
miles, has
Beaumont Northern, V. 78, p. 4^, 1392.
In Jan., 1904.
A
&
&
A
A
line to New Orleans to be completed
1904, will include Chicago <fe Eastern Illinois, St. Louis
Memphis A Southeastern, St. Louis & Gulf and St Louis San Francisco A New Orleans, thence reaching New Orleans by Mobile & Ohio,
New Orleans «fe N. E and Illinois Central trackage. V. 77, p. 38, 148;
V. 78, p. 1144; V. 77, p. 2391; V. 78, p. 49; V. 79, p. 152.
Organization—Organized Jane 30, 1896, to suooeed to the property
and franchises of the Railway company sold in foreclosure and reor.
per plan in V. 62, p. 829 and 1140— see also p. 742. Central Division
of Atl. A Pao., 112 miles, was purchased in July, 1897. V. 65, p. 150.
In May, 1903, the Rook Inland Co. aoquired $27,988,300 of the $30,808,000 oommon stock, the latter receiving (per $100) $60 in common
stock of the Rook Island Co and $60 in 5 per cent gold bonds of 1913.
of the Chicago Rook Island & Pacific RR. See those companies, V. 78
p. 1086, 1249.
The New Orleans Terminal Co. was organized jointly by the St.
Louis A San Francisco and Southern Ry. systems, and Issued 4 p. o.
gold bonds (present amount $3,000,000), whloh are guaranteed Jointly
by the St. L. A S. F. and the Southern Ry. V. 77, p. 38; V. 76, p. 1144.
The Kansas City Fort Scott & Memphis Ry., extending from Kansas
City to Memphis, Tenn., with branohes. a total of 871 miles,
was acquired In 1901; Its entire stock is owned and road leased for
Interest on bonds and 4 p c. on pref. stook trust certificates (see above
table), the new refunding bonds being guaranteed, prln. and Interest.
The new north-and south trunk
late
In
Morton Tr.A St.L. July
N.Y.,N.Y.8ec.&Tr.Co. June
N.Y.,
N.Y.,Farm.L.&Tr.Co. Feb.
1,
1,
1,
1.
N.Y.,Un.Tr., and St.L.
1,
N. Y.,F'rs L.&Tr.
•
1876 100 &e.
2,050,300
6 K1879
1.000
135,000
6 R.
1880
1,000
195,000
6 R.
8t. L. & San F. col. trust gold, s. f not drawn Us o"
1881
1,000
Gen.M.,g.(l8ton365m.)$3,681,OOOare6s.U*o*
9,484,000 5& 6 R1887
1,000
o*
439,000
Collat. Trust mort. on branohes, gold. Un
5 R1,000
1,558,000
Consol. mort., $50,000,000, gold, no option. Me 2,393 1896
4 R1,000
829,000
Southwest Div. M. $1 .500,000 red. at par, g Ce c" 112 1897
5 R103 1899
1,000
145,000
4 RCent. Dlv. 1st M., g, $3,462,000, red. at 102ifl.R.c*
106 1900 500 Ac
Northwestern Division mortgage. N
o*
47,000
4 R145 1879
8t.L.Wlch.&W. 1st M.. red. at 105, gold
1,000
o*
304,000
6 R1,000
F.Worth & R. Gr. 1st M., g., old 5s, Int. red.Ce.c* 146 1888
2,923,000
4 g* In Apr., 190 1, $20,000 Southern Missouri & Arkau sas bo nds wer e outstandin
Radditional deposited in spe oial tr usts. Fo r underlying bonds d
a Exclusive of $200,000
2d mortgage (now
[Vol. lxxix.
& St.L.
Checks mailed.
do
N. Y. Mero. Trust Co.
Checks mailed.
do
do
N. Y.. Morton Tr. Co.
New York.
do
&
&
&
&
&
N. N. Y„ Mercantile Trust,
A.
do
do
A. N. Y., United States Tr.
J. N. Y., Mercantile Trust.
A.
O. N. Y., Union Trust Co.
J. A J. N. X\, Mercantile Trust.
A. &0. N. Y., Mercantile Tr. Co.
M.
F.
F.
J.
&
A
&
&
A.
4.
M.
J.
O.
O.
8.
J.
Oct.
Jan.
1951
1909
1930
1929
1941
Oot.1,'04,1%
Sept. 1, '04,1%
Oct.
1/04,1%
July
July
July
Deo.
Deo.
1,
1,
1,
Nov.
Aug.
Aug.
July
1,
1,
1,
1,
1,
1,
1,
1,
Sept. 1,
Oct.
July
Oct.
do
do
Apr.
do
do
Apr.
do
do
Sept.
N.Y.,H.B.Hollins&Co, July
1,
1.
1,
1,
1,
1942
1942
1951
1906
1908
1905
1906
1919
1920
1931
1987
1996
1947
1929
1930
1919
1928
eposlted as seourity, see text.
See K. C. Fort Scott & Mem. in this Supplement and V. 72, p. 438,
532, 581, 1238. In May, 1901, aoquired over 90 per oent of the stook
of the Ft. Worth & Rio Grande Ry., Fort Worth to Brown wood, Tex.,
146 miles; an extension, Brownwood to Br^dy, 49 miles, was completed Mar., 1904. Control of Chicago & Eastern Illinois, 751 miles,
was acquired in Aug., 1902; see below.
Stock.— Common stock issued, $30,808,000, of whloh $1,808,000 in
Apr., 1904, held in treasury. The company reserves the right at any
time to redeem either or both classes of pref. stock at par in cash.
Provisions of pref. certificates were In Supplement of Apr., 1897, p. 6.
Dividends.—
1897 1898. '99. '00. '01. '02. '03.
1904.
First pref
4 per cent per annum.
2 p. ot.
4
Second pref
1 p. ct. 2
2
3>*
4
4 Inc. Sept., 3
In latter half of 1901 dividends on both preferred stooks were
changed from semi-annual to quarterly.
Bonds—Consol. mortgage of 1896, see abstract In V. 64, p. 186.
refunding 4 per cents of 1901, $85,000,000 authorized.
The refunding 4s are issuable and issued as follows (V. 77, p. 2391)
Authorized
Issued.
1. To retire underlying bonds
$62,500,000 *$42,616,100
2. For improvements, betterm'ts, new equipment, etc., at $1,000,000 per year
e.o^o.ooo
4.000,000
3. Adaitional lines, extens'ns, etc., at cost ..x!6,500,000
12,580,900
•
Total
$85,000,000 t$59,197,000
* To retire t3S.9i6,700 underlying bonds mentioned below, all deposited under the mortgage.
x At not exceeding $32,000 per mile (Incl, underlying liens) $i,500,OX); at aot
exceeding $22. oo per mile (lncl. underlying ltens) $12,oo0,0j0.
+ Includes
Deposited In trust for Northwestern Division improvement fond,
rxiO.'OO; total, S1,349,U00; leaving In the hands of puolic, f Jci,9t»7,00t>, as shown
In table above.
:
The underlying bonds whloh have been deposited as seourity under
the refunding mortgage, and whloh are therefore kept alive, are:
BWl.eOO
B. & C. 6s Of 1906.
13.639,700 Southwest. Dlv. 5s
Mo. 4 W. Div. 6s
866(00 Cent. Dlv. 4s
1,817,000
St. U Wioh.4 West. 6b
1,698,000 8t. L. Okla. 4 So. 4s (all)
4,660,000
731.SO0 Kansas City Div. Is (all)
Trnst6sof l»80
S.SM.000
lrtrt.000
97S.000
Ft. Smith 4 Van Bur. Br. 6§..
do
do
3s (all)
4.121.000 Northwest. Dlv. 4s
1,2*8,000
Gen. mort. 6s of 188L
6.484,000 Consol. 4s
0,1*83.000
do
5s
A
Trust 6s of 1887
660.000
There have also been acquired and deposited under the refunding
mortgage the following stocks and 4 p. c. bonds, representing new extensions (being the entire Issues on account thereof), the latter aggregating 651-13 miles. (As to location, see V. 77, p. 1538, 1537).
Miles.
tame of roadStock.
Bonds.
174 85 $5,OJO,000 $4,023,000
Oklahoma City & Western RR
8*68
Oklahoma City & Texas RR
50,000
49-72 114,001,600
Ft. Worth & Rio Grande Ry
,994,000
8-72
200,000
174,000
Sulphur Springs Ry
500,000
Black well Enid A Southwestern Ry.. 238-67
4,500,000
12-75
20.000
Blaokwell Enid A Texas Ry
57-74
400,000
Red River Texas & Southern Ry
815,000
1 Substantially the entire issue, i Issued tor extension from Brownwool to
Brady, Tex. (entire amount); total length of road, 196 88 miles, balance of
Issue. f2.v23,000, being In hands of public.
Ah to Ozark
Cherokee Central and St Louis Memphis & Southeastern guaranteed bonds, see V. 78, p. 2335, 1908, and statements of
A
those companies.
COLLATERAL TRUST GOLD NOTES.
4»a per oent gold notes of Deo.. 1903,
$7,125,000 are issuable, per plan V. 77, p. 2281, to acquire the enoutstanding preferred stook of the St. Louis San
tire ($1,060,000)
Francisco & New Orleans Kit., extending from Hope, Ark., to Ardmore, I. T 224 miles, with proposed Platte oat off, 9 miles, and the
St. Louts & San Francisco New Orleans extension collateral trust 4s,
the latter being secured by all the issued first mortgage bonds ($6,487,000) and all the $6,0^1,00J outstanding common stock of the St. L.
S K. &N. O. RR. The gold notes Issued are thus virtually seoured by
a first lien on the St. L S. F & N. O. RR. The remaining $2,035,000
notes are reserved against deposit of additional extension bonds hereafter Issued In proportion of $900 notes to $1,000 extension bonds.
The subscribers to the g<>ld notes were to loan the company $700,000
for one year from Deo. 1, 1903, at 6 per oent, payable semi-annually,
secured by $1,000,000 of the gold notes. The note* are subject to oall
as a whole or In amounts of not less than $250,000 on 30-days' notloe.
The collateral trust 2ifl-year notes due Deo. 1, 1906 ($5,000,000
authorized Issue) are secured by deposit of the entire ($18,600,000) St.
Louis Memphis & Southeastern and St. Louis A Gulf stook. They are
eubjeot to o-U at par. V. 78, p. 1908, 2335.
The $2,100,000 five per c«nt notes due September 1, 1905, are
secured by the entire $3,000,000 Arkansas Valley A Western bonds
and $1,500,000 sto k. V. 7tf, p. 904 There were alio outstanding on
June 30, 1904, $3 500,000 five per cent notes due on or before April
30, 1905, and $2,690,000 notes payable.
General Finances.— Birmingham Belt RR bonds, seeV. 75, p. 1148.
In July, 1904, all of the $7,217,800 common and $4,191,700
of the $6,830,700 preferred Chicago A East.Illlnols RR.stook had been
aoquired, the St. L. A S. F. giving in exohange its stock trust certificates
Of the $9,160,000 of 5-year
,
—
.
.
X
»
RAILWAY STOCKS AND BONDS.
Oct., 1904. J
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RAILROAD^X IRANCISCO
AND CONNECTING LINES.
RAILWAY STOCKS AND BONDS.
31862
RAILROADS.
Miles
For explanation of column headings, &c, see notes
on first page of
St.
Ziovla
tables.
Date
Size, or
of
of
Par
Road. Bonds Value. Outstanding
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Whom.
Cent.
Payable
Bonds— Principal, When Due.
by Stocks—L,ust
Dividend.
& San Francisco— (Concluded) —
16
Blr. Belt ) st M., g., red.lo2ia, gu.p.&i.end.OH.o*
Ft. 8. AV.B.Bridge 1st M.,g.,dr.at 105,guar.p.&i.c*
Chicago
Eastern Illinois and Kan. City Fort Scott
Equipment notes, payable s. a. (V. 73, p. 1314.)
Equip, notes, g., ser. B.,red. par., $62,000 due s.a
&
do
do g., ser. C, due $50,000 semi-ann'ly
do
do gold, ser. E, $12,188 monthly
do
do g., ser. F, due $58,000 quarterly.
St. Lou. Soulhw.— 1st M. otfs. ,$16,500 p. m., g.Ce.c* 1,223
2d M. 4% inc., $10,000,000,non-cum., gold.Itte.C 1,223
let consol. mortgage, $25,000,000, gold.B.c*<fer. 1,271
16
Gray's Pt. Termyl, 1st M., gn., p.&i.e.g.SSt.o&r
20
Bt.L. Troy dt E. —1st M. ,$600,000,)?. red. text OTSt cfer
SI. L. Walk. dt Gulf- 1st M., $1,225,000, g. & £.F.
101
St. Paul dt Duluth—See Northern Pacific.
St. Paul Eastern Or. Trunk— 1st M., g., int. guar.c*
56
St. Paul Minn, dt Manitoba—-See Great Northern—
St. Paul dt No. PaciHc— See North'n Pacific RB.
St. Paul Unxon Depot—1st M., g., int. as rental
,
Consol. M., gold ($100,000 are 4s), int. as rental
Salt Lake dt Los Angeles— 1st mort., ^old.ITlo. c
Salt Lake dt Mercur— 1st mort. $300,000, gold.B.
15
Aransas Pass—Stock
121a
guar. p. &i. (end.).Ce.o*&r
San Diego Ouyamaca dt East. My. 1st mort., g.UJe
San Diego dt Eastern—1st mortgage, $10,000,000.
San Fran. <£ No. Pacific—1st M., gold, s. J.Me.o'tr
Cal. Northw., 1st M., $2,000,000, g., gu.p.&i.,s.f.
687
25
San Antonio
dt
1st M., $21,600,000
g.,
1902 $1,000
1885
1,000
& Me mphis, s
1901
1902
1902
1903
1903
1890
1891
1902
1897
1899
1902
5.000&C
4,000&c
1,000
500 &c.
1,000
1,000
500 Ac.
$&£
1883
1,000
1880
1894
1893
1898
1,000
1.000
1,000
1,000
100
1893
1,000
1888 500 Ac.
1904
1,000
1889
1,000
1898
1,000
m
—
San Fran, dt San Joaquin Val.—See Atch. Top. &
San Ped. Los An. dt S Lake—1st M„ $50.000,000,g.
165
60
8.
Santa Fe Central- 1st M., $2,500,000,g.PPl
c*
£a»te.FTePre».«eP/kenia;-l8tM..$5,000,000,g.OTe.o*
117
198
1903
1901
1892
1,000
1,000
&
editorial.
Tear ended June SO—
Average miles
1903.
1904.
3.C75
4,217
$26,896,731 $24,289,510
8,413,533
9,140,479
59,695
136,170
Gross earnings
Net earnings
Other income
& E.
111.
Deduct— Interest on b'nds
Rentals of leased lines.
Taxes
Miscellaneous
Improvements, etc
Div.C.&E.I. stk.
823,418
stock.
Total net income.
tr. ctfs.
Dividend on 1st pref....
Dividend on 2d pref
1902.
3.252
$21,620,882
8,148,410
197,162
607,132
$10,023,592
$9,156,837
3,530,437
4,326,414
2,780,865
2,831,891
382,820
464,800
93,613
98,774
78,534
889,222
964,702
(4%) 199,742 (4<H) 199,742
(4%) 640,000 (4%) 640.000
$8,345,572
3,191,720
2,434,069
360,759
81,546
(4%) 199,742
(4%) 605,539
...
x To this surplus add
&
78, p. 2335.)
St. Louis
southwestern Ry.
LOUIS SOUTHWESTERN RY CO.
Main Line— Cairo to Texarkana. 419*0
New Madrid Branch
Grays Point Branch
Stuttgart Branch
Little Kock Branch
Shrereport Branch
— (See
Map.) —Embraces:
34*8
LOUIS SOUTHW. RT. CO. OF TEX.
M tin Line— Texarkana to Gates v .304 *9
97*8
Fort Worth Branch
Dallai Branch
187
Sherman Branch
1099
444
Hlilsboro Branch
61*2
Lutkin Branch
ST.
6*2
fl**7
ST.
40*0
110*9
Total of all operated mileage June 30, 1904
1,308*9
Also has St. Louis Iron Mountain & Southern trackage, not included
In operating accounts, viz.: Thebes, 111., to E. St. Louis, 126 miles; St.
Louis to Bismarck, Mo.. 75 4 miles; Bismarck, Mo , to Delta, 74 miles;
Memphis, Tenn., to Fair Oaks, Ark,, 60 miles, making the total lines
1,644*3 miles. Also the right to run passenger trains between Ft.
Worth and Dallas over Texas & Pacific, 32 miles. V. 77, p. 90. Of the
1,303 miles, 9 are laid with 85-lb 615 with 75-lb., 30 with 70-lb., 440
with 56-lb. and rest with 35 and 60-lb. steel rails.
Organization.—Reorganization per plan in V. 70, p. 141, 561, of St.
Louis Arkansas & Texas, sold In foreclosure in October, 1890.
Stock.—Stock Issued, common, $16,500,000; authorized amount increased in 1 902 to $35,000,000; pref., 5 p. 0. non-cum., f 20,000,000,
of whioh in treasury June 30, 1904, common, $143,900; preferred,
$106,350. Par of shares, $100.
Bonds.—The first mortgage 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 certificates against second mortgage bonds at $8,250 per mile.
The first consols of 1902 (authorized issue $25,000,000), are secured
by all the property of the company, subject to the prior outstanding
bonds. Of the amount $6,000,000 were issued to retire $1,700,000
equipment bonds and other capital requirements; $9,000,000 were
reserved to retire by exchange the $10,000,000 second mortgage
income bonds (of which $6,739,500 had been acquired in July, 1904),
and the remaining $10,000,000 for the acquisition of branch lines at
not over $20,000 per mile, acquisitions and improvements. (V. 75. p.
136.) See V. 74, p. 328, 578, 630, 831; V. 75, p. 790; V. 77, p 2160.
Equipment trust votes In hands of public June 30, 1904, $2,114,386.
Oray's Point Terminal guaranty in V. 69, p. 1062. St. L. So. W. owns
all stock and leases road for fifty years.
(V. 65, p. 413.)
Earnings.— 2 mos., > 1904
Gross, $1,356,120; net, $428,043
July 1 to Aug. 31. $1903
Gross, 1,142.026; net, 325,421
Annual Report.— Annual meeting is held at St. Louis, Mo., on the
first Tuesday in Ootober.
Report for 1903-04 was in V. 79, p. 1457.
,
1,120,000
6
g-
A.
&
&
O. N. Y., Mercant. Tr. Co.
do
do
O.
J.
&
D.
A.
5
5
g.
g.
& Co.
1,
1,
1922
1910
Dec. 1904
'11
& A. N.Y., R. Winthrop &Co. Feb'05-Ag.'12
do
do
To May 1, '12
M. & N.
M'nthly St. L., Am..Car & F. Co, To May, 1913
N. Y. fflalr & Co.
Jan'05-Oot.'lO
J. & J.
M. & N. N. Y, Central Trust Co. Nov. 1, 1989
& J. N. Y, Merc Trust Co. Nov. 1 1989
& D. N. Y., Bowl. Gr Tr. Co. June 1, 1932
& D. N.Y.B.Gr.Tr. & St. L. Dec. 1, 1947
& D. Miss. Val. Tr. Cc.St.L. Deo. 1, 1919
& J. New York and London. Jan. 1, 1930
Jan, 1, 1913
J. & J. Offlce.C.&N. W.,52 Wall
F.
t
250,000
6 g. M.
250,000 4g.&5g. M.
300,000
6 R- J.
250,000
5 g- M.
1,000,000
17,544,000
4 g- J.
550.000
6 g- J.
N»ne Oct. '04
M.
3,926,000
J.
A.
944,000
See text.
2,500,000
4,940,000
N. Y.. Blair
Oct.
Apr.
J.
J.
M.
&
&
&
&
N. N. Y., Central Trust Co
N. Northwestern Trust Co,
Salt Lake City.
J.
N.
&
&
&
&
&
&
&
J. 1 per cent pd. in 1901-2
S. Los Angeles and N. Y.
J. N.Y.,25 Broad, AFr'k'ft
N. Y., Cent. Trust Co
o.
& New York.
New York.
San Fran.
J.
D.
8.
May
May
Jan.
May
Jan.
July
Mar.
Jan.
Apr.
1,
1,
1,
2,
1930
1944
1913
1918
1,
1,
1,
1,
1,
1943
1918
1949
1919
1928
July 1, 1953
Pittsburgh, Pa.
Dec. 1, 1941
N. Y. Mercantile Tr. Co. Sept. 1, 1942
Tear ending June 30—
1903.
1902.
1901.
1904.
Gross earnings
$7,649,485 $7,278,575 $7,267,260 $7,387,174
Operating expenses.... 5,421,597 5,256,164 5,173,066 4,632,892
Netearnlngs
$2,227,888 $2,022,411 $2,094,194 $2,754,282
Tot. net, lncLother inc. $2,318,357 $2,205,014 $2,183,213 $2,836,478
Taxes
161,750
195,619
155,771
174,515
Int,onlst&oon.morts.. 1,318,600 1,297,200
814,848
800,000
Int. on 2d mort. bonds.
400,000
380,000
130,460
130,460
Equipment payments...
385,413
258,825
25,000
Rentals, etc
51,228
59,143
131,414
66,907
Bal. over all paym'ts. $538,408
$564,375
$328,190 $1,174,974
Officers.—President, Edwin Gould; Vice-President and General
Manager, F. H.Britton; Treasurer, G. K. Warner; Sec, Geo. Erbelding.
Directors.— Edwin Gould, New York; R. M. Gallaway. Howard Gould,
Wtnslow S. Pierce, William H. Taylor and B. T. Jeffery. New fork; Murray
Carleton, F. H. Britton and Charles Parsons, St. Louis.
Office, 195 Broadway, N.
(V. 77, p. 2160; V. 79, p. 731, 145T.
St. Louis Troy & Eastern RR.— East St. Louis, 111., to Troy,
I1L, with branch, 1 mile, to Collinsville, 111.; total, 20 miles of road
(27 »« miles of track). Stock, $350,000, all outstanding; par of shares,
$100 Bonds are subject to call at par after 1904. For year ending
June 30, 1903, gross, $297,178; net, $223,473; other inoome, $30,099;
total deductions, $67,518; dividends, $43,750; bal., sur
$142,304.
Pres., Edwin H. Conrades; Sec and Treas., Julius L. Winkelmeyer.
Office, 314 North 4th St.. St. Louis, Mo.— (V. 70, p. 126; V. 77, p. 251.)
Terre Hante RR.—See July, 1902,
St. Lonls Vandalia
Supplement and V. 75, p. 667, 734, 1303; V. 79, p. 1267.
Gulf Ry.— Lake Charles to Alexandria,
St. Louis Watkins
La., 98 miles, with two branches aggregating 3 miles; total. 101 miles.
Suocessor on Mav 24, 1902, of Kan. City Watkins & Gulf RR.. sold in
foreclosure on March 24, 1902. V. 74, p. 630, 681. Stock author
ized, $1,225,000; present issue.$993,360; par of shares, $20. Bonds authorized, $1,225,000; present issue, $983,360, consisting of $500,000
in $500 bonds and £100,700 in £100 bonds, valued at $4 87 per A.
Year ending June 30, 1904, gross.l$260,051; net. $103.292 charges,
$63,654; bal.. sur., $39,638. President, J. B. Watkins; Sec and Treas.,
J. S. Thomson, LakeCharles, La. Directors, V. 74, p. 680.— (V.75,p.291.)
St. Paul.— See Chicago Milwaukee & St. Paul.
St. Paul Eastern Grand Trunk Ry.- (See Map Chicago dt
Y—
,
$634,975
$1,472,197
x$423,896
surplus for year of Chi. & East. 111. (after payment of dividends) viz., $757,952; deduct Ch. & E. 111. betterments,
$400,121; net, $357,831. Total surplus of system, after betterments,
$781,727; before betterments, $1,198,567.
Officers— Chairman of Board, B. F. Yoakum; President, A. J. Davidson; 1st Vioe-Pres., Robert Mather; Secretary and Treas., Frank HHamilton; Comptroller, C. W. Hillard. N. Y. office. 71 Broadway.
Directors— (Sept., 1904,) B. F. Yoakum, D. G. Reld, F. L Hine,
W. H. Moore, W. B. Leeds and J. H. Moore of New York; Nathaniel
Thayer, Benj. P. Cheney of Boston, Mass.; H. C. Pleroe, A. J.
Davidson, James Campbell and W. K. Btxby, St. Louis. Exeoutive
Committee, B. F. Yoakum (Chairman), James Campbell, William B.
Leeds, James H. Moore, William H. Moore and Daniel G. Reid.— (V.
79, p. 968, 1021.)
St. Louis San Francisco
Texas Ry.— (V. 76, p. 159, 752; V.
Balanoe, surplus
$1,000,000
4g.
52,000
6 g.
ee those com panies
983,000
4
992,000
4 g.
800,000
4 g1,285,«48
5 g.
1,392,000
5 g20,000,000
4 g3,261,500
4
12,665,750
4 K.
380,000
5 g600,000
6 g983,360
5
Fe.
at the rate of $250 for eaoh $100 share of common stock and $150 for
-each $100 share of preferred stock, upon which 10 and 6 p. 0. dividends,
respectively, are paid. See Chicago
Eastern niinois on a preceding
page and V. 75, p. 291, 393, 1031.
Latest Earnings.— 2 mos., ) 1904.. Gross, $6,195,938; net, $2,231,906
July 1 to Aug. 31.
2,175,161
J 1903. .Gross, 6,083,159; net,
Road operated 5,329 average miles in 1904, against 4.851 in 1903.
Annual Report.— Report for the year ending June 30, 1904, showing operations of system, comparison being made with same lines for
preoeding year, was given at length in Chronicle Oct; 29; see also
Div. on C.
Amount
[Vol. lxxix.
&
&
;
N. W.)— Owns from Oconto to Clintonville, Wis., 56 miles. Leased
Oct. 30, 1884, for 99 years to Milwaukee Lake Shore & Western.
Rental 30 per cent of gross earnings, interest on bonds being guaranLease acquired Aug. 16, 1893, by Chicago & North Western
teed.
through purchase of Milwaukee Lake Shore & Western.
(The) St. Paul Union Depot Co.—Owns Union Passenger Station
with 8*76 m. of traok (additional tracks being put in July, 1902), the
stock being increased from $350,000 to $9,000,000 for improvements
in progress; owned equally by the following
Great Northern, Northern Pacific, Chic, St. Paul Minn. * Omaha, Chic. Mil.
* St. Paul, Chic. Great Western, Chic. Bur. & Qulncy, Minn. St. Paul & S. Ste.
Marie, Minn. & St. Louis and the Chic. Ft. I. A Pac.
Authorized stook, $1,000,000. Rental 00 vers in teres t on bonds and
4 per cent on stock since May 1, 1902; from 1890 to May, 1902, 6
per cent dividends were paid. Year ending Deo. 31, 1903, gross, $205,297; net, $29,411; other inoome, $33,146; Int. on bonds, $26,500; construction advances, etc. $8,495; dividends, $27,562. Pres., A. W.Trenholm; Vioe-Pres., S.C.Stiokney; Sec, W. G. Johnson.— (V. 74, p. 1090.)
Road from Salt Lake to SaltSalt Lake &. Los Angeles
air Beach, Utah, 15 miles, standard gauge— see V. 65, p. 824. Stook
For year
§300,000. In 1901 $300,000 first 6s were outstanding.
ending June 30, 1902, gross, $62,073; net, $24,529; other Inoome, $6,023; int. on bonds, $18,000; taxes, $2,252; dividends (2 p. c), $6,000;
balance, surplus, $4,200.— (V. 65, p. 824.)
ITler* ur
Fairfield to Mercur, 12*3 miles.
Salt Lake
Stock, $300,000; par of shares $100. Bonds, see table. Calendar year
1902, gross. $79,053; net over taxes, $27,231. President, L. L. Nunn,
TeUnrlde, Col. (V. 77, p. 770; V. 79. p. 1024.)
Aransas Pass Ry.— Owns from Kerrvllle to
San Antonio
Houston, 308 miles; Kenedy to Corpus Christ!, Tex., 90 miles Yoakum to Waco, 171 miles ; Skldmore to Alloe, 43 miles, Shiner to Lookhart, 54 m.; branoh, 21 m.; total, June 30, 1903, 687 m., all 50-lb.steel.
In June, 1904, extension from Alloe to Falfurrias, 36 m., was opened.
History.— Reorganized without foreclosure sale in 1893, management passing to 80. Pac (see below), which owned $2,000,000 stock.
Bonds.— Mortgage is for $21,600,000 (trustee, Central Trust Co.)
and the So. Paoiflo Co. by endorsement on eaoh bond guarantees unconditionally " the punctual payment of the prinolpal and interest."
Bonds for $2,700,000 reserved for extensions, limited to 100 miles
See full abBtraot of mort. in V. 56,
at $27,000 per mile, equipped.
Due South. Paoiflo Co.
p. 540. Cartiusts June 30, 1904, $165,393.
June 30, 1904, $4,144,947.
In 1903 the Texas Railroad Commission ordered the company ta
oanoel $1,356,000 of the outstanding $18,900,000 bonds alleged
be Issued illegally, to reduce the stook to $1,000,000, and separate
the management from the Southern Pacific V. 77, p. 90, 148, 401,
452, 2340; V. 78, p. 2600.
Annual Report.—Fiscal year changed in 1897 to end June 30. In
1903-4, gross, $2,586,437; net, $721,780; int. on bonds, etc., $1,059,-
RR.—
RR.—
&
&
;
f
—
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RAILWAY STOCKS AND BONDS.
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ST. LOUIS
SOUTHWESTERN
RAILWAY.
RAILWAY STOCKS AND BONDS.
1864
RAILROADS.
or explanation of column headings,
on first page of tables.
Miles
<fcc,
see notes
Date
of
of
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Outstanding
Whom.
Cent.
Payable
Size, or
Par
Road. Bonds
Value.
Amount
Banla Fe Fret. <£ Phoenix— (Oon )— 2d M., gold.Ce
198 1893 $1,000 $2,964,000
1,000
Prescott & East., 1st RT, $375,000, p. & 1. gu.Ce 26ifl 1898
375,000
Saranac <& Lake Placid— See Chateaugay & Lake Plac ID.
Sault Sie. Marie Bridge— 1st M., g., 8. f.,dr'n at 110.
900,000
1H 1887 1,000
Sivannah Florida dt Wesi'n— See Atlantic Coast Line RR.
1.000
33 1903
185,000
Bav. <6 8tatesb.—l%t M., $500,000, gu. p. & I.eDd.c*
1902 l.OOO&c
Savan'h Union Stat. Co —1st M., $600,000, g.Mo.r
600,000
Schenectady dt Duanesburg—See Del. & Hddso nCo.'
Schuylkill & Juniata— See Pennsylvania RR.
Schuylkill dk Lehigh—-1st M., guar, by Read'g Co...
44 1898
1,000
600,000
50
Schuylkill Valley Navigation <£ RR.—Stock
576,050
Seaboard Air Line Ry.
1900 l,000&o 12,775,000
All
1st M., $75,000,000, g. (see text). CoBa
c&r
1901
1,000 10,000,000
Col. tr. ref. M., g., $10,000,000, red. at 105.Ce.o*
1903
1,000
Atlanta Blrm division 1st M., $10,000,000. Kc*
4,410,000
1*04
1,000
5,000,000
Col. tr. & gen. lien M., $5,000,000, g., red par. N
1900
5,000
450,900
Equipment trust, due quarterly
1902
1,000
543,000
do
do
(V. 74, p. 380)....
1903
1,000
Equipm't mort., gold. ser. C. due quarterly Go*
1,435,000
1904
1,000
640,000
Do do maturing $64,000 yearly
Old LoANS.exoluding amounts Opledged unde r cons olidat ed mort gage.
'81-'94
1,000 abt. 25,000
Carolina Central old bonds, non-assented
1,000
267 1899
3,000,000
1st consol.M., $3, 000,000, gold, gu.p.&i.end.F
* 100,000
42 1888
Durham & Northern, 1st mort., $150,000.JJIeBa
*55,000
32 1887
Roanoke & Tar River, $260,000. neBa
1,000
575 1888
3,000,000
Flor. Cen. & Pen. 1st M. $5,226 p. m., gold Ce.o*
1,000
410,000
2d M. (1st on ext., 92 m.) $5,226 p. m., gold.A.o* 666 1890
1,000
Consol.M.,$7,800,000 ($10,000 p.m.), gold.G.C
780 1893
4,372,000
1,000
South Bound 1st M.,gold, int. rentaLMe Ba.c* 136 1891
2.033,000
1,000
5,985,000
Ga. & Ala.. 1st M„ con.. $6,185,000, g.BBa...o' 400 1895
1898
1,000,000
Ga. & Ala.Term.Co.,lst M. (call at 110) .guar. p. &1.
i'.obo
Ga. Carolina & Nor., 1st M., g., guar.MeBao*.. 268 1889
5,360,000
a Deluding $140,200 bonds held alive in sink lng fa nd.
8*
W
Sanford &. St. Petersburg By.—See Atlantic Coast Line RR.
San Francisco Sc North Pacific By.—Point Tilmron, Cal.,
to
Cal., 106 miles, and branches, 59 miles. Consolidation of March
Has steamer connection (6 miles) with San Francisco.
19, 1889.
Leased to the California <& Northwestern Ry., incorporated in March,
Nor. 5 per oent
1898. The 8. F. & N. P. guarantees $2,000,000 Cal.
bonds, to be issued at $25,000 per mile. V. 67, p. 370, 688, 788. Stock
Issued, $6,000,000; par of shares, $100.
Bonds.— Issued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and interest. [Mortgage abstract V. 49, p. 241.]
Latest Earnings.— For 2 months ending Aug. 31:
Gross.
Balance.
Net.
Ohmrges.
2 mos.
Uklah,
&
1904
1903
$328,481
$114,938
$54,949 sur.*59,989
310,949
52.023 sur.61,259
113,282
Annual Report.— Report for 1903-04 In V. 79, p. 1460. showed, gross,
$1,357,667; net, $312,624; charges, $262,583; bal., surplus, $50,041.
In 1902-03 gro3s, $1,299,279; net, $350,277.-(V. 79, p. 628, 14*0.)
San Pedro Los Angeles &
Salt
Los Angeles Terminal Ry., 51 miles, being aoquired, and formally
1, 1901, as a part of the new line. In July, 1904,
In operation at the western end of the line fro m Pa «adena, Cal., to San
Pedro, 37 miles, Los Angeles to San Bernandino, 68 miles, and Los
Angeles to Verdugo Park. 9 miles; total, 114 miles. The entire road,
of which 90 mliea from Daggett to Riverside is to be (temporarily)
Atoh. Top. & Santa Fe trackage, is expected to be In operation on Jan.
merged about Apr.
1905.
On
July 7, 1903, purchased portion of Oregon Short Line (Union
Paolfio system) extending from Salt Lake City to Callentes, Nov.. 840
miles, with some branch mileage and additional completed mileage
south of Calientes, 512 miles in all, forming part of the road above
shown, the Oregon Short Line acquiring a half interest in the property.
The Salt Lake City terminals are leased for 99 years from July, 1903.
V. 76, p. 920, 1193, 1356, V. 77, p. 38, 148, 695; V. 78, p. 1393; V. 79,
President W. A. Clark owns control. V. 75, p. 907; seeV. 74,
p. 1024.
p. 269; V. 75, p. 1148,
1204
Stock authorized. $25,000,000 all Issued.
B«nd8.—Of the 4s of 1903 ($50,000,000 authorized issue; Equitable
Trust Co. of New York, trustee,) $40,000,000 may be used for the
following purposes (balanoe reserved for future requirements), viz
To pay for the 550 miles of Oregon Short Line acquired, for which
$7,800,000 cash was paid, the road already oompleted and aoquired
and Los Angeles and San Pedro terminals (costing in all $10,200,000)
and to complete the system. V. 77, p. 39, 90.
For year ending June 30,1903 (89 miles), gross, $384,006; net, $115,048. President, W. A. Clark Secretary, Ross W. Smith Treas.,
H.
Leete.— (V. 78, p. 288, 1393, 2335; V. 79, p. 213, 1024, 1705.)
;
:
;
&
&
&
&
&
Bonds— Principal, When
by
J. N. Y., 5 Nassau Street.
O. N. Y„ Central Trust Co.
N. Y., 44 Wall St.
J.
Savannah Trust Co.
J.
O. N. Y, Standard Tr. Co.
Due.
Stocks—Last
Dividend.
July
Apr.
I,
1,
1943
1928
July
1,
1937
Jan. 1, 1953
Apr. 1, 1952
& N. Phila.,Phil. & Read.RR. May 1, 1948
& J. Phila., Read'g Term'l. Julyl3,'04,2»«
A. & O. N. Y., 24 Broad Street. Apr. 1, 1950
May 1, 1911
New York.
5 g. M. & N.
4g. M. & S. N. Y., 24 Broad Street. May 1, 1933
g M. & S. 1st coup, due Sep t.l, '04. Mar. 1, 1907
J. & J. N. Y., 24 Broad street, To July 1,1906
i
N*v. '03-Fb.'12
4*2
F. & A.
do
do
Jly. '04-Ap.'13
4*3 g. J. & J.
do
do
J'ne'05 Jne'14
5
J. & D.
1920
& J. Bait Mer. Tr. & D. Co.
J.
J. & J. N.Y, Farm. L. & T. Co. Jan. 1, 1949
M. & N. Bait. Mer. Tr. & D. Co. Nov. 1, 1928
do
A. & O.
do
1917
J. & J. New York, 24 Broad St. July 1, 1918
Jan. 1, 1930
do
do
J. & J.
do
do
Jan. 1, 1948
J. & J.
A. & O. N.Y. ,24Br*dSt.,orBalt. Apr. 1, 1941
& J. N.Y. 24 Broad Street Oct. 1, 1945
New York.
Deo. 1, 1948
& D.
& J. Bait Mer. Tr. D. Co. July 1, 1929
4
M.
5
J.
-
,
,
,
,
<fc
,
Report for 1900-1 was in V. 73,
Tears.
Gross.
p. 954,
Net.
showing:
Rental.
Interest.
Bal., sur.
1903-4
23,633 $395,200 $190,588
$1,203,671 $609,421
1902-3
17,950
395.228
157,947
1,045,232
571,125
(V.73,p. 781, 844,900,954; V. 75, p. 667; V. 77, p. 90.)
Saratoga
Saratoga to Schenectady, 21
Schenectady
miles. Leased In perpetuity in 1861 to Rensselaer & Saratoga and
lease assigned to Del. & Hudson Canal, by which It Is operated.
Rentp 1, $31,750 per year. Stook, $450,000. Dividends, 7 p. o. yearly.
Sai.lt Ste. Marie Bridge.— Own Sault Ste. Marie Bridge, includ-
—
BB.—
&
ing 6 421 feet of main track. The Canadian Pacific, Duluth South
Shore & Atlantic and Minneapolis St. Paul & Sault Ste. Marie RR. oos.
agree to pay for use of bridge an amount equal to operating expenses,
and interest and sinking fund of debt. Mortgage, $1,000,000; sinking
fund, $5,500 yearly. Stock, $1,000,000.
Savanuah Union Station Co —Owns union passenger station
and terminal at Savannah, Ga., with 8 miles of track. Leased by the
Southern Ry., Savannah Florida <fe Western (now Atlantio Coast Line
RR.) and Seaboard Air Line Ry., whloh own the $300,000 stook, the
rental providing for interest and sinking fund on bonds, maintenance,
etc. President, W. W. Mackall; Treas., Savannah Trust Co.; Secretary,
W. V. Davts.-(V. 71, p. 343. V. 74, p. 1039, 1253.)
Savannah A Statesboro By.—Owns Cuyler to Statesboro, Ga.,
32*6 miles; trackage, Ouyler to Savannah, 20 miles. Extension is proposed from Statesboro to Garfield, 26>? miles. Stook authorized.
$300,000; outstanding, $200,000. Has traffic contract with Seaboard
Air Line, which guarantees bonds by endorsement, prin and Interest,
Savannah Trust Co., trustee. V. 75, p. 1303; V. 77, p. 695. Year ending
Lake By.— Projected from Salt June 80,
Lake City, Utah, to San Pedro, on the Paolfio coast, about 850 miles of
main line, with branches, making an aggregate of about 1,100 miles, the
1,
J.
A.
5g. J.
4g. A.
.
—
J.
5g.
—
628; balance, deficit for year, $337,848. In 190 1 3, gross, $2,527,044;
net, $519,495. Direotors, V. 77, D. 629. President (Sept., 1903), C.
B. Hudson (V. 77, p. 2340; V. 78, p. 2385, 2600; V. 79. p. 213.)
San Antonio & Gulf BR.—San Antonio to Stookdale, 37 miles
Stook authorised, $1,000,000, issued Apr.. 1902, $32,000. Bonds authorized. $250,000. In March, 1903, foreclosure was pending. V. 76,
p. 543; V. 78, p. 288. Year ending June 30, 1904. gross, $36,073; net,
Krach; Vice-Pres., Gen. Mgr. and Treaa.,
$4,385. President. Alvin
J. M. Lee, San Antonio, Tex.— (V. 76, p. 543; V. 78, p. 288.)]
[Vol. lxxix.
;
W
San Pete Valley By.—Nephi, Utah, to Morrison, 51 miles; Quarry
Branoh (opened Aug., 1899), Nephi to Cooper, Utah, 5 miles; total, 56
miles. Stook, $510,000; par or shares, $l00. Bonds, $565,000 1st
fold 4s, dated 1894, due 1923, Interest J-J, and $250,000 2d mort. 4s,
ated June 1, 1895, due 1921, Interest J-J, Farmers* Loan & Trust Co.,
New York, Trustee. Year ending June 30, 1903, gross, $21,275; dsf onderoper. exp., $11,642. Theo. Brubaok.Gen. Mgr., Salt Lake City, Utah.
Santa Fe Ceatral By.—Owns from Santa Fe, N. «•"., south to
Torranoe, 117 miles, opened Aug., 1903. Branoh from Mortality Jet.
to Albuquerque, N. M., 47 miles, under name of Albuquerque A Eastern Ry., was under construction In Oot.,1904. Stook authorised, §2,500,000, all outstanding Presldent.W. H. Andrews; Sec.W. O. Hagan;
Treas., T. Lee Clarke, Arrott Bldg., Pittsburg, Pa.— (V. 75, p. 186.)
Santa Fe Prescott 6c. Phoenix By.— (See Map Atchison To<t Santa Fe )— Owns Ash Fork, via Prescott, to Phoenix, Arizona.
jpeka
195 miles; opened in March, 1895. P. & E. Jet. to Mayer, Arts., 26-4
m. built under charter of Prescott & Eastern, was oompleted In Oct.,
1898, and Is leased for 99 years and Its $375,000 bonds guaranteed.
Branch from Huron, Ariz., to Big Bug mines, 8 miles, oompleted Apr.,
1902; branch from Mayer to Crowned King mine, 27 miles, completed
May, 1904; total. 256 miles. The Phoenix & taster a Ry. completed
from Phceolx to Dudleyville, 90 miles, and under construction to
Benson, 95 miles additional, has been operated since June 7, 1903.
V. 77, p. 90.
**8tock, $7,903,000. The road is tax exempt by legislative enactment
for 20 years from 1891. The Atoh. Top. & S. Fe took possession Nov. 8,
1901, having aoquired $2,963,000 of the seoond mortgage bonds and
all of the stook. Dividend, 3 p. c, paid Apr. 30, 1903; in June, 1903
and 1904, each 2 p. c. See official statements. V. 73, p. 898; V 74,
p. 160; V. 68, p. 326; V. 75, p. 680.
J «
1904, gross, $50,294; net, $18,045; charges, $9,250; bai.,sur.,
President, Cecil Gabbett. Savannah; Treas. and Sec, W. T.
Dante, Washington, D. C. Oflloe, Statesboro, Ga. (V. 76, p. 213; V.
77, p. 695; V. 78, p. 1110.)
$8,795.
BB.—
Owns from High's Farm, near ReadSchuylkill &. Lehigh
ing, Pa., to Slatlngton, Pa., 46*9 miles. In 1883 leased to Phila. & ReadReading
ing RR. for 999 years and in 1896 lease assumed by Phila.
&
Ry. Rental, $27,000 yearly. Reading Company owns stook ($600,000),
of whloh $598,000 is deposited under its general mortgage of 1897.
Port Carbon to ReevesSchuylkill Valley Navigation
dale, Pa., 11 miles; 2d track, 5m; branches, etc., 11-41 m.; total track,
for 999 years to Phila. & Reading RR.
28 miles. Leased July 25, 1861,
Lease assumed In 1896 by Phila. & Reading Railway Co. Rental
$29,450, whloh pays 5 p. o. on stook and State taxes.
Seaboard Air Line By.— (See Map.)—This oompany owns a
line from Richmond, Va., to Atlanta, Ga., and Tampa, Fla., etc, viz.:
Miles.
Miles.
Lines owned in fee.
Richmo'd,Va.,to Savannah, Ga.502 Other lines.
358
Proprietary Lines.
Wilmington, N. O, to Atlanta,
437 Portsm'th. Va. ,to Weldon.N.O.
8
Ga
Starke to Suwanee Rlv., Fla.
58
Savannah.Ga., to Montgomery,
State line to Lewiston, N C.
82
Ala (58 miles trackage de280 Trackage
63
ducted)
& BB.—
Savannah, Ga, to Tampa,
Cedar Keys, Chattahoochee
Total sys. (see V. 74, p. 773) ,2,617
806
Roanoke & Tar River RR. stook all
owned), 32 miles; Seaboard & Roanoke RR. (all of stook owned).
81 miles; Atlantio Suwanee River & Gulf RR, 58 miles (stock all
owned.) In addition owns entire stock of the Georgia & Alabama
Terminal Co., operating 8 miles of track. Of the road owned, 6 miles
River, eto
The proprietary lines lnolude
:
are leated to other companies.
Also owns a one-sixth interest in the Richmond- Washington Co. eontrolling the road from Richmond, Va., to Washington, D. O. (V. 73, p.
843.) and under traffic agreement with the Pennsylvania RR. maintains through oar service between New York, Philadelphia, Washington and the South. Also controls the Baltimore Steam Packet Co. (unbonded) and a substantial interest In the Old Dominion Steamship Co.
'"he Atlanta-Birmingham division, mostly completed in Oct., 1904,
will extend from Atlanta, Ga., to Birmingham, Ala., 174 miles, with
branches 30 miles. V. 76, p. 489, 706; V. 77, p. 647; V. 79, p. 734.
Organization.—An amalgamation in 1900 of various "Seaboard"
lines. Including those whose securities are shown in the table above:
these lines were subsequently (except 171 m.) merged. In 1»03 Blair A
Co., Thos. F. Ryan and Old Colony Tr. Co., Boston, interests, entered the
directory, and in Aug., 1904, purchased the stock held by J. L. WillSons and J. W. Middendorf & Co., and with other friendly
iams
interests are understood to control a majority of the stook. V. 79, p.
734, 787, 905. 1024. V. 77, p. 2036. 2340; V. 78, p. 104. A protective
committee, Gustavus Ober, Chairman (Fidelity & Deposit Co. of Maryland, depositary), requested deposits of stocks. V. 79, p. 734,787, 905
Stock.— Authorized $75,000,000, of which $25,000,000 pref.; outstanding July, 1903, common $37,005,000. and pref. $23,895,000.
Preferred is entitled to 4 p. o. non-cumulative, then oommon to 4 p. c,
then pref. 2 p. c. additional, any sur. to oommon. Par of shares, $100.
Voting Trust. -Both classes of stock are deposited with voting
trustees until April 1, 1910, although the latter may in their discretion deliver the stook at an earlier date. Stook trustees: John Skelton
Williams, Thomas F. Ryan, James A. Blair, T. Jefferson Coolidge, S.
Daviee Warfleld, John B. Dennis, B. F. Yoakum and H. C. Pierce.
V.77, p. 351, 2099.
&
Oct., 1904.
RAILWAY STOCKS AND BONDS.
MAP OF THE
SEABOARD AIR LINE
SYSTEM.
i
_
1865
RAILWAYiSTOCKS AND BONDS.
i*5DO
RAILROADb.
Miles Date Size, or
For explanation of column headings,
on first page of tables.
<fto.,
see notes
Seaboard Air Line Ry.—( Concluded) Raleigh & Augusta, IstM., guar. p. & 1.. R. & G.o*
Raleigh <fe Gaston, 1st M„ $1,500,000, g.MeBa.c
8eab. & Roanoke— 1st M. $2,500,OOO.MeBa.o*<fcr
Debent. $690,000, to be secured by any 2d M.r
Car and equipment trusts
Shamokin Suribury <6 Lewisburg— 1st
2d mortgage, gold
mort....O*<fcr
e*
Shamokin
Vol. <6 Pottsville—Stock, guar, by No. C.
1st M., $2,000,000. g., sink, fund (not drawn). o*
Sharon—Stock ($800,000) 6 p.c, guar, by rentaLF
Sharon, 1st M., g. (Sharon to Pymat., etc.).F
New Castle & Shenango Valley— 1st M., int. gu..
Sierra Ry. (of Cal.)— 1st M., gold
81
"31
31
38
38
.
COMPANY—8tock($200,000,000)
Pref. st'k, 7% non cum.. $100,000,000, conv.red.
Col. trust mort.,gold,sub.to call at par.Un..o*<fcr
Steamship 1st mort. bonds, 8er. A. $3,000,000...
Coll. tr. M., g., sec. by Pac. Mail, etc. red. '02.Cc*
* Of the consols shown as outstanding, $4,744,
000
w
1882
1890
1901
1,000
1,000
1,000
50
50
1,000
General Finances.— Stockholders
in Jan., 1904, were given the
of 5 p. c coll. trust and general
Ilea bonds, dated May 1. 1904, with bonus of 90 p c. of preferred and
160 p. c. of comnon stock. The mortgage and collateral trust 5s of
1904 are secured by a lien on the $20 000,000 of first mortgage bonds
(subject to existing liens) and on various securities, and b> direot deposit of certain securities owned (see list V. 78, p. 821) and a general
f 5,000,000
now owued or hereafter acquired,
other than
securities specially excepted. The proceeds of these $5,000,000 of
bonds were used for the Birmingham Extension, for current obligations and general purposes. The issue was underwritten. V. 78, p.
104, 229, 989.
Latest Earn.— 12 mos., ) 1903-4. Gross, $13,311,40«; net, $3,177,595
July 1 to June 30.
5 1902-3. Gross,
12,706,527; net, 3,387,749
Report.— Fiscal year ends June 30. Report for the year ending
June 30, 1903, was In V. 77, p. 625, 646, 766.
1902.
1901.
Gross earnings from railways.. ..$12,156,928 $11,068,478 $10,426,279
Gross earnings from water lines.
549.600
511,337
502,772
Total gross earnings
$12,706,528 $11,579,815 $10,929,051
$3,471,553 $2,820,073
$2,481,400 $2,254,889
104,668
110,901
177,117
55,232
58,995
58,408
Net earnings, lncl. other Income. 3,473,781
Deduot— interest on bonds
$2,481,400
Other Interest .
Rentals and miscellaneous
Balance, surplus
$832,481
$820,257
$329,659
Officers.— President and Gen. Mgr., J. M. Barr; Vice-President and
Treas., N.8. Meldrum; Seo'y, D. C. Porteous; Comptroller, T. W. Roby.
Directors.— Jas. M. Barr, Portsmouth, Va.: H. Clay Pierce, St. Louis; 8. Davies
Warfleld, Baltimore, Md.; James H. Dooley, N. 8. Meldrum. Richmond, Va.;
B. F. Yoakum, Ernst Thalmann, Oakleiph Thome, Thomas K. Ryaa, James A.
Blair, Charles A. Conant, New York: C. Sidney Shepard, of New Haven N. T.;
T. Jefferson Coolldge Jr., Nathaniel Thayer, Boston, Mass.; Norman B. Ream,
Chicago, 111.; Geo. W. Watts. Durham, N. C.
Executive Committee— James A. Blair (Chairman), Thos. F.Ryan, T. Jeffer-
son Coolldge Jr.. C. Sidney Shepard, John B. Dennis, B.F.Yoakum and 8.
Davies Warfleld.
General offlee.Riohmond; N.Y.offioe,24 Broad St.— (V.79,p.l024,1332.)
Seaboard & Roanoke RR.—See Seaboard Air Line Ry. ab*ve.
Sunbury & Lewlaburg RR.— Carbon Run Jet.
SliHiiiokin
to
Pa., with iron bridge over Susquehanna, 31 miles; second
track. 15 miles; total of all track, 57 miles. Leased to Philadelphia 4
Reading RR. July 2, 1883, for 999 years at 6 per oent on the stock,
and lease assumed in 1896 by Philadelphia & Reading Ry. Used for
coal traffic northward. StooK, $2,000,000 (par, $50) owned by Reading
Co., of whloh $1,995,000 is deposited under mort. of '97.— (V. 51, p. 21.)
West Milton,
&
F.
5
M.
!*•
J.
F.
g. J.
M.
6
Shamokin Valley Pottsville Ry .— (See Map Pa. RR.)—8nabury, Pa., to Mt. Carniel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes. Interest on the bonds and 6 per cent on the stook, of
which $619,650 Is owned by the Northern Central. The $2,000,000
Dividend.
Merc Tr. & D. Co.
J. Bait.,
do
J.
do
J.
do
do
do
do
A.
Jan. 1, 1926
Jan. 1, 1947
July 1 1926
Aft. July,1916
ToNov.1,1918
N. Phila. , Phil.
& Read.RR. May
1912
1925
A. Phila., Broad St. Stat'n Aug.,1904,3%
do
do
July 1, 1931
J.
do
do
J.
Sharon, Pa.
S.
July
Sept. 4,'04,
& Tr. Co. June
& Tr. Co. July
D. N. Y., Farm. L.
J. N. Y., Farm. L.
1,
1,
3%
1919
1917
6g.
Crocker-Woolworth Bk. Apr. 12, 1937
6g. A.12&Q.
1944
g
In default.
F. & A.
1915
i
4*3 g.
J.
J.
1,
1,
-
,
p. 647. 648.
1903.
6
&
&
&
&
&
&
&
&
&
&
&
-
Guaranties.— The Savannah & Stateeboro and Florida West Shore
bonds ($185,000 and $712,000, respectively) are guaranteed as to
principal and interest, and also the Richmond- Washington Co. bondp,
jolntl> and severally with five other proprietary companies. V. 77,
property
J.
J.
J.
-
The collateral trust refunding gold 5s of 1901 are secured by deposit with the trustee of $20,000,000 4s of 1900 and were applied to
fund the $3,400,000 6 per cent certificates (V. 70, p. 842), called for
payment on Aug. 28, 1901, to purchase a one-fifth interest in the road
from Richmond, Va., to Washington, D. O, and minority stocks of subsidiary lines, and to provide for retirement of maturing car trusts,
floating debt, future betterments, etc., and to retire the collateral trust
5s, due Oct., 1902. (V. 71, p. 699), for which an equal amount of collateral trust 5s were reserved. V. 72, p. 1280.
The Atlanta & Birmingham division 4s of 1903 ($10,000,000 authorized issue) are secured on the line from Atlanta, Ga., to Birmingham,
Ala., 174 miles, with branches 30 miles. In Apr., 1903, $6,000,000
bonds were sold. V. 76, p. 1302; V. 77, p. 647.
As to collat. trust and gen. Hen 5s of 1904, see below.
all
6
3ia
Whom.
Payable
1898
1,000
100,000
5
& A.
1887 500 &C.
225,000
5
& J.
1900 500 Ac.
172,500
4 g& J.
1884 100 &o.
104,600
6
& O.
1903
1,000
217,000
& J.
5g.
1880
1,000
2,000,000
& O.
6g.
1886
1,000
*7,991,000
5g. F. & A.
1901
1,000
2,300,000
M. & N.
\ g F. & A
1901
1,000
6,000,000
g
It
1887
1,000
5,500,000
4 g. J. & J.
100 197,849,227
»••
100 40,000,000
1899 500 &o. 29,618,500
4g. J. & D.
1891
2,072,000
J. & J.
6
1900
1,000
4ifl g. J. & D.
30,000,000
as on June 30 1904, owne d by the Louisvll
Total authorized Issue in no oase to exceed
$75,000,000
Of which outstanding ...
12,776,000
20,000,00<l
Deposited to secure the $10,000,000 coll. tr. ref. 6s
Deposited as collatera' for $ Y'OO.oco mort. and coll. tr. Ss
1,600,000
Deposited ai collateral or in treasury
1,600,000
Reserved to retire at maturity, dollar for dollar, all the underlying bonds on the various divisions of the system
29,725,000
Issuable only after July 1, 1905, for additional properties, improvements, extensions, etc., at not exceeding $1,600,000 for
four years and $1,004,000 per annum thereafter
9,500 000
mortgage on
$1,000,000
1,200,000
2,500,000
*285,000
373,448
1,000,000
1,000,000
869,450
2,000,000
770,600
164,000
250,000
1,248,000
See text.
300,000
1,000
1889
1887
1897
1904
1895
Bonds— Prinol'
INTEREST OR DIVIDENDS.
pal, When Due.
per When Where Payable, and by Stocks — Last
Cent.
1,000
1,000
Bonds.—The 4s of 1900 are a first lien on about 350 miles of road,
Including 102 miles of main line from Richmond to Ridgeway and 106
miles from Hamlet to Columbia (subject only to $155,000 prior lien
bonds on two branches); also a direct mortgage on the whole 2,383
miles of consolidated road, subject only to $26,560,000 prior lien outstanding bonds .thereon and a consolidated collateral lien on the
remainder.
The 4s of 1900 have been Issued, pledged or reserved as follows
right to subscribe at par to
Outstanding Rate
1886 $1,000
1897
1,000
1886
1,000
1886 100 &o.
107
33
16
17
77
2d mortgage, $860,000, gold
77
Sierra VaCleys— 1st M. (Cal. Safe Dep. Co. trustee)
37
Silver Spr. Ocala £ Gulf— See Atlantic Coast Lin B RR.
Skaneateles RR.— 1st mort., $100,000, gold. Usui.
5
42
Somerset Railway —1st mortgage
o
42
Oonsol. mortgage, $420,000, gold
South Carolina Pacific—1st M., cur., Int. rental...
10
So. Georgia <£ West Coa^-Mortgage, $250,000. g..
So. dt No.Ala.—2A M. g.,$2,000,000 (own.by L.&N.)
189
Consol. mort (for $10,000,000), gold, guar.Ce. .o*
189
So. Illinois dk Mo. Bridge— IstM., $3,000,000. g. Me
South'n Indiana— 1st M., gold— See text. EC. ...o* 178
South Pac. Coast— IstM., g.,gu. (s. f. 1912). F
104
Southern Pacific
Par
of
of
Road. Bonds Value.
Amount
[Vol. lxxix.
N. Y.,TJ. S. M.
&
&Tr.Oo. Aug.
Oakland, Me.
Boston, Nat. Shaw. Bk.
Fayetteville, N. C.
N. Y. & Quitman, Ga.
N. Y. , Office,7 1 Bro'dw'y
N. Y., Office, 71 Br' way.
N. Y., Mercantile Tr.Oo.
S.Y.,King,Hoden.& Co.
N. Y..S.Pac, 120 B'way
Boston
N. Y., 120 Broadway,
do
do
le
& Nashville.
do
do
Feb.
1.
1,
1,
1,
1,
July
1,
1918
1917
1950
1914
1928
1910
1936
1951
1951
1937
Aug.
1,
1949
July
July
Oct.
Jan.
Apr.
Aug.
Nov.
1,
1,
1,
1,
Jan. 1, 1911
Deo. 1, 1905
Central) were Issued to retire the
1901.— (V. 73, p. 1314; V. 78, p. 1908.)
Sharon Ry.—Owns from Newcastle. Pa., via Sharon, to Pymatunlng. Pa., with branches. 33*07 miles in all. Consolidated with Newcastle & Shenango Valley RR. and then leased to the Erie RR. for 900
years from Deo. 1, 1900, for interest on bonds and 6 per oent on stook,
first
3^8
(all
owned by the Northern
7s at maturity July
1,
the old leases being canceled.— (V. 73, p. 399; V. 78, p. 288.)
Sierra Railway (of California).—Owns road from Oakdale,
on line of Southern Paoiflo, to Carters, Tuolumne County, 58 miles
Branch, Jamestown to Angels, 19 miles, was opened Sept. 15, 1902.
Stock authorized, $5,000,000; issued, $2,780,000. The stockholders
voted Sept. 7, 1904, to authorize $860,000 5 p. c. 40-year bonds, of
which $633,000 were exchanged for the outstanding $1,266,000 second
mortgage bonds at the rate of one new for two of the old bonds, the
remaining $227,000 to be reserved for future requirements. V. 79,
§. 270. For year ending June 30, 1903, gross?, $373,413; net. $206,85; int., taxes, etc.,$85,830; bah, sur ,$120,555. Prest.,T. 8. Bullock;
Seo'y, 8. D. Freshman, Jamestown, Cal.— (V. 79, p. 270, 1024.)
Plumas to Mohawk, Cal., 37 miles. Stook,
Sierra Valleys
$945,000; par, $100. Year ending June 30, 1903, gross, $32,572; net,
$8,560; total deductions, $19,064; baL, deL, $10,504. Pres., E. R.
RR.—
Dodge, Amedee,Cal.— (V. 74,
Silver Springs Ocala A-
Sllverton
RR.—Owns
p. 776.)
Gulf
RR.—See Atlantic Coast Line RR.
Silverton, Col., to Ironton, 22 miles. In
July, 1899, Alexander Anderson wap appointed receiver. V. 69, p.
132. Stook, $350,000; par, $100. Bonds, $425,000 1st 20-year 6s.
Year 1902-03, gross, $14,008; def. under op. exp , |4.— (V. 69, p. 132.)
Somerset Ry.— Owns road from Oakland to Bingham, Me., and
branoh, 42 miles. Extenston is proposed from Bingham to Birch
Point on Moosehead Lake, of which 9 miles under construction in
Oot, 1904. Capital stock is $736,649 (par. $100). Of the 4s of 1900
Maine Trust & Banking Co., Gardiner, Me., trustee, the balance is
reserved to retire the old 5s at or before maturity. V. 70, p. 1096. Bills
payable June 30, 1904, $27,500.
Earnings.— For year 1903-04: Gross, $124,629; net, $48,074; charges,
$19,613; balance, surplus for year, $28,461.— (V. 73, p. 900, 1008.)
South Carolinadt Georgia RR.—See South'n Ry., Carolina Dlv.
South Carolina Pacific Ry.— North Carolina State line to Bennettsville, 8. C, 10-50 miles. Leased till Deo, 1914, to Atlantic Coast
Line RR. for interest on bonds. Stook, $100,000. Bonds, see table.
West Coast Ry.—Heartpine to Perry,
South Georgia
Ga., 77 miles; extension is proposed from Greenville to the Gulf, 50
miles. Stock, (t). The bonds ($250,000 authorized issue) are to be
used to pay off present debt; balance for improvements. F. J. Spain,
of Quitman, Ga is mortgage trustee. V. 76, p. 706. For year ending
June 30, 1903.gro8s, $61,009; net. $18,503; total deductions, $63,680.
President, J. W. Oglesby; Treas., C. T. Tillman. (V. 76, p. 706, 866.)
Missouri Bridge Co.—Has under conSouthern Illinois
struction a bridge across the Mississippi! River at Thebes, 111., to be
completed early in 1905, forming a direot oonneotlon between the Chicago & Eastern Illinois and the Illinois Central and St. Louis Valley
(St. L. I. Mo. & So.) on the east and with the St. Louis Southw., St.
Louis & San Francisco and St. L. Iron Mtn. & So. on the west.
Length to be 2,750 feet of steel truss and 1,100 feet of concrete arches. Stook, $50,000, all outstanding; 80 p. c. paid in. In
Nov., 1901, made a $3,000,000 mort. V. 75, p. 78.— (V. 75, p. 78.)
Southern Indiana Ry.— (See Map) -Owns from Main Street,
Terre Haute, to Ewlng Street, Seymour, 121*42 m.; Westport Branoh,
Seymour to Westport, 2*5*29 m.; Sullivan Branoh, Latta to Ulendora,
10*37 m.; Hymera Branch, Sullivan Junot. to Hymera Mine, 3*79 m.;
total owned. 161*87 miles. Leases: Vandalia Line, Main Street to
Union Station, Terre Haute, *30 m.; Bedford Belt Railway, Bedford to
Oolitic 4.19 m total leased, 4*49 in.; total mileage, 166*36. The belt
line around Terre Haute is about completed and ready to be put into
operation. Extension north from Terre Haute to Illinois State line,
27 miles, will be completed about Deo. 1, 1904; further extension to
Chtoago, 147 m., to be built under name of Chicago Southern Ry. V.
79, p. 1328, 1331. Exteasion from Elnora to Evansvllle is also proposed; V. 76, p. 377. A reorganization of Evans. * Rich. RR., foreclosed Mar., '97.
Stock.— Common. $3,000,000; pref., $1,000,000; par, $100; all Issued.
Preferred stock is to be increased In Jan., 1905, to $2,500,000, the
new stock to be used from time to time to pay equipment notes and
for other neoessary purposes. V. 79, p. 1328.
Dividends.— Dividends on pref., Deo., 1901, 2*3 p. c; 1902, 5 p. c
1903, June, 2>* p. c; 1904, 5 P. o. (J&J.)
BONDS.-First mortgage 4s of 1901 may be issued at $20,000 per
mile for single track and $10,000 per mile for second track constructed
or acquired. Equlp't notes, lncl. Int., June 30, 1904, $1,628,704, maturing to 1909, inclusive. See V. 74, p. 776, 1 197.
Latest Earns.— 2 mos., 5 1904
Gross, $226,727; net, $99,849
July 1 to Aug. 31.
Gross, 213,390; net, 112,440
U903
Annual Report.— Report for the year ending June 30, 1904, was in
V. 79, p. 1327, showing:
Cross.
Net.
Bal.,sur.
Fear.
Int., taxes, etc. Div onpref.
$27v!,435
$554,763
190 3-4.. $1,293,580
$247,328
(5)$25,000
257,426
1902-3..
942.572
482,026
199,600
(5)25,000
1901-2
94,699
630,195
277,852
158,153
(5)25,000
&
,
&
;
.
Ocxr., 1904.J
RAILWAY STOCKS AND BONDS.
1867
RAILWAY STOCKS AND BONDS.
1868
[Vol. lxxix.
Bonds— frinoi-
INTEREST OR DIVIDENDS.
RAILROAD8.
Miles Date Size, or
Due.
Amount Rate pei Wnea Where Payable, and by pal.WhenLast
For explanation of column headings, &c, see notes
of
Par
of
Stocks—
on first page of tables.
Road. Bonds Value. Outstanding Cent
whom.
Payable
Dividend.
8outhern Pacific RR — Stock, $159,445,000 auth...
»
f 1 st M. series A, gold
land gr ant. o* )
sink'g fund.c*
eonallv J Series B, gold
Series C & D, gold., f not subject.c* f 1,045
secured
secured.
<
,
.
"i
I
1
series
8. Pac. Br. 1st M.,
E & F,
[
g., s.f.,
gold
.
.
I
to call.
J
... o*
J
$50,000 in 1897, not dr'n
187
26
Bonds Assumed in Consolidation of 1898.
California Pacific 1st mort., gold (ext'd in 1887)
79
2d M., gold,gu.p.&i., end. by Cen. Pac, ext. in '91 114
3d M.. gold, guar.by Cent. Pac. ($1,000,000 are 3s) 114
Northern Ry. (Cal.), 1st mort., lnt'st guar., gold.
149
Con. M. ($21,000,000), g., 1st on 225 m.Un.c*«fcr 373
Northern California, 1st mortgage, gold
54
8outhem Railway— Com. stock, $120,000,000...
Preferred. 5 per cent, non-oumu., $60,000,000...
M. &O. stock trust certificates
1st con. M., 1 st on 900 m. g. ($120,000,000) Ce.c*<fer 4,502
Col. tr. bds., $16,000,000,red 1 02*3 beg.Oct.'06.G
S0.-L.& N.J tM.,$15,500,000,red.l05 af.'07.c*&r
Equip, trust, ser A go id, due May and Nov. PI P.c*
do
do ser. B, g., due Mar. and Sep.PlP..
,
do
do
do
do
do
do
&D
M &N
J&D PIP
ser. C, g., due J.
ser. D. g., due
ser. E, g., due
A.—Properties merged
....
in Southern Rai
Ohio 1st mortgage. Ce
Atlantic Tennessee &
Ch. Col. <fe Aug. 1st M. (int. in gold) V.59,p.l006Ce
;
I
1
& Copper. IstM., g. (guar. byC.P.)
1st cons. M., guar., gold.s. f. not drn.Ce
o*<fer 2,020
do g.,gu.,stp. subj.to call 107^ aft. 1905..o*<fcr
So. Pac. of Arizona, 1st M., ser. A, gold, guar.o&r
392
Series B, gold, guar
c&r 392
So. Pacific of New Mexico, 1st mort., gold. . .cfcr.
167
Stockton
fl875
1875
1 1875
1882
1887
1875
1893
1893
1879
1880
1881
LWAT
44
191
$100 128,307,960
500 &o 12,54 5,500
500 Ac.
4,045,000
500 &c.
7,493,000
500 <fec.
5,074,000
1,000
500 &o.
500 &c.
500 &c.
1,000
1,000
1,000
1867
1871
1875
1877
1888
1889
1,000
1,000
500
1,000
1,000
1,000
100
100
100
1894 1,000 Ac
1904 l.OOI&c
1902 l.OOO&c
1900
1.0C0
1901
1,000
1902
1.000
1903
1.000
1904
1,000
Ry.— Narrow
Coast
1883
1869
150,000
Gauge.— Alameda
Southern Pacific Company.— (See Maps.)—Road.—This company owns no track in fee, but principally through ownership of stock,
partly by lease it operates a great system of roads extending from
San Francisco to New Orleans (thence by company's steamers to New
York. etc), and to Portland. Oreeron. to Ogden, Utah, with branches.
System comprises the following, fully described under their own titles.
(1) Proprietary Lines.
MUes.
Controlled (also leased by) So. Houston & Shreveport RR
39
Pd5 °0,
La. &
r~ » id 10 Kl
^HS'o s Controlled by Morgan's
1.35 3 Tex.— Operated Independently.
a
it Pacific
vv;
South o .£ £
Coast Ry
Ill
„ 101 Gulf Western Tex. & Pac. Ry...
Southern Pacific RR
3,300 Iberia & Vermilion RR
16
Oregon & California RR
671
8,826
Total Proprietary Lines
(2) Controlled by So. Pac. Co.—
Tot'l,deduc.242m. leas. to Atch.8,383
Operated Independently.
GalT. Harrtsb'g & San Anton. Ry. 917 (4) Leased and Operated.
88
New York Texas & Mexican Ry.. 151 New Mexico & Arizona RR
263
Houston & Texas Cent ral RR
69o Sonora Ry
-
>
1
.
. . .
.
164
324
433
63
300
Total RR. Mileage June 30.
Tot'l.deduc. 242 m. leas, to
Steamship Lines
*03..
9,176
Atch.S.9 1
»,896
Affiliated Linte.
Houston B. & W. Texas Ry
125
191 Gila Valley Globe & North'n Ry..
Grand total of owned, leased and affiliated lines June 30, 1903
!».ul»
Organization.— Organized under laws of Kentucky. On June 30,
1903, the Union Pacific owned $90,000,000 of the capital stock, a
strong working control, but the road will continue to be operated
independently. V. 72, p. 242, 248; V. 75, p. 136. In 1899 acquired the
entire capital stock of the Central Pacific 8ee that company: also see
below. V. 73, p. 33; V. 75, p. 1407; V. 76, p. 753. Inter California
Ry. projected; see V. 78, p. 2443.
The Ogden & Lucin RR.,cui>off from Ogden to Lucin, 102 miles,
saving 46 miles, was completed in Nov., 1903. V. 74, p. 380, 1197; V.
71, p. 85; V. 77, p. 2099; V. 75, p 288. In Nov., 1900, a majority of
Pacific Mail SS. stock ($10,005,000) was acquired. V. 1 1, p. 1013, 1312.
Proprietary Lines.—These, with a total mortgage indebtedness
June30, 1903, of $302,065,919, are mostly owned— only $1,578,872 out
of their total stock of $303,008,572 not being held on July 1, 1903, by
the Southern Pacific Co. " Omnibus Lease," see Sup't of Jan., 1899.
Stock, Etc.— Total stock authorized, $200,000,000, including $67,275,500 exchanged in 1899 for Central Paciflo stock— see Central Pa-
and V. 68, p. 378, 725; V. 69, p. 132; V. 70, p. 740. As to new preferred stock, see General Finances below.
Bonds.—The 4 per cent collateral trust gold bonds of 1899 are limited to $36,819,000, and are subject to call at par on six months'
notioe. The first issue of $29,418,500, seoured by the $67,274,200
common and $12,600,000 preferred stock of the Central Paciflo, was
Issuable forthwith. The remaining $7,400,000 can be lssuea from
time to time only as an equal amount of Central Paciflo preferred is
received and added to the collateral, $5,000,000 of this stock being
reserved for improvements and additions on the Cent. Pac. at not
exceeding $200,000 yearly— see Cent. Pac and V. 68, p. 378. See
Mortgage Abstract, V. 69, p. 859.
The two-flve-year collateral trust 4*88 of 1900, limited to $30,000,000, are secured by deposit of $11,208,000 par value of various bonds
and $64,124,000 stocks of companies controlled, inoluding Pacific
Mail etc., and $1,530,000 Wells, Fargo & Co. stock; they also cover 4
ocean steamships of 4,572 gross tons each and various equipment. See
Mort. Abstract. V. 71, p. 1314; V. 77, p. 2160; V. 78, p. 229, 288 769.
The first refunding 4s and 30-year gold 3^8 issued by the Central Pacific are unconditionally guaranteed, principal and interest.
General Finances— The stockholders voted on July 20, 1904, 1o
authorize $100,000,000 of 7 per cent non-cum. pref. stock, redeemable
at 115 at any time between July 1. 1905, and July 1, 1910, and convertible Into common stock at par at option of holder. Of the stock
$40,000,< 00 was subscribed for by stockholders pro rata at par, payable 25 p.
at once, 25 p. 0. on or before Ootober 3 and 50
p. c. on or before December 1, 1904, or optionally all at once.
The stock will carry dividends from July 1, 1904, if declared.
The proceeds will be used to pay the floating debt, mostly held
by Union Pacific, and for future capital requirements, and also
"enable the company to refund bonded obligations m atui in g during
the next thie* years amounting to ov» r $65,000,000. on a much more
favorable basis of credit, and leave over $30, OtO.000 of free and negotiable assets in the treasury." V. 78, p. 2443, 2600, 2574; V. 79, p.
104, 628.
During three years ending June 30, 1903, $44,256,853 were exolflo
ended for Improvements and equipment and $18,517,317 for new
S nes and additional property. V. 78, p. 713.
Earnings— For 11 months ending May 31:
Oth. inc.
Net.
Charges.
llwoi.
Gross.
Bal., sur.
1903-4.. .$85,965,497 $25,«76.598 $724,625 $29,109,103 df.$2,507,884
23,369,321 785,207
Charges in 1903-4 include $12,391,283 expended for betterments.
Houston A Texas Cent, and its subsidiaries are inoluded in both years.
1902-3.. 80,552,328
5
g.
6g.
eg.
6g.
A.
A.
A.
A.
A.
J.
M.
M.
J.
J.
J.
2,232,000
4*2g. J.
1,595,000
4 i«g. J.
2,998,500 3g.&6g. J.
5,156,000
6g. J.
4,751,000
5 g. A.
1,074,000
5g. J.
120,000,000
60.000,000 5 in"l904 A.
A.
5,632,6
4
40,525,000
5 g. J.
15,000,000
5 g. A.
11,827,000
4g. J.
1,275,000
4 g. M.
1,360,000
4 g. M.
2,519,000
4 g. J.
1,947.000
4 g. M.
413 g. J.
2,955,000
500&C.
to
Santa Cruz, 77 miles; branches, 24 miles; ferrv, 3 m.; total 101 miles.
Leased for 55 years from July 1, 1887, to Southern Pacific Company,
which guarantees the bonds and owns all the $6,000,000 stock. Year
1902-03, gross, $972,550; op. def., $436,599; def. under ch'ges, $790,960.
Louisiana Western RR
Morgan's La. & Tex. RR. & S3..
Texas A New Orleans RR
Galveston Houston & Northern..
Carson & Colorado Rv
g.
&
&
<fe
&
&
&
&
&
&
&
&
&
&
&
&
&
<fe
O. N. Y., S.Pac,
do
O.
do
O.
do
O.
do
O.
do
do
do
do
do
do
J.
N.
N.
J.
J.
J.
do
do
do
do
do
do
do
do
do
do
do
do
J.
J.
J.
J.
O.
D.
120 B'way
do
do
do
do
do
do
do
do
do
do
1,313000
6
5
A.
g.
J.
Apr.
1905
1905
1906
Apr. 1, 1912
Apr. 1, 1937
Jan. 1, 1905
Nov. 1, 1937
Nov. 1, 1937
Mch. ,1909
Moh. 1, 1910
Jan. 1, 1911
Oct.
Oct.
Jan.
Jan.
July
Jan.
Oct.
June
1,
1,
1,
1,
1,
1,
1,
1,
1,
1912
1911
1905
1907
1938
1929
&
& O
&
&
&
&
&
O. N.Y..J.P. Morgan & Co. O<t.l7,'04,2ia
N. Y., J. P. Morgan & Co. Oct 1, '04, 2%
J. N.Y., J. P. Morgan & Co. July 1, 1994
Apr. 1, 1909
do
do
O.
do
J.
N. Prov.I
S.
i.
July 1, 1952
do
ATr.Co., Phila. To Nov. 1,1907
To Sept. 30. '08
do
do
York, Blair & Co To Dec, 1909
To May 1, '10
do
do
&
&
&
D.
N.
D.
&
&
O. N. Y., J.P. Morgan
New
1, '14
To Deo.
CO.
President John R. Walsh; Secretary and Treasurer, C. F. Weinland,
Grand Central Station. Chioago, 111.— (V. 78, p. 1783; V. 79, p. 13*7.)
South Pacific
3,533,000
500,000
6,809,000
21,4T0,000
6,000,000
4,000,000
4,180,000
6
6g.
6g.
6g.
6g.
5g.
5g.
do
J.
& Co.
do
Apr., 1913
July
1,
1909
Annual Report.— Fiscal year now ends June 30.
Report for 1902 3 at length in V. 78, p. '06 to 716; editorial, V. 78,
Average freight train-load, i 20 tons in 1902-3, against 312
in 1901-2, average receipts pei mile, 1022 cents, against 1*021 cents
p. 674.
in 1801-2.
1901-2.
1902-3.
Receipts—
8,842*01
8,757*8
Aver, miles— Proprietary and non proprietary
non- proprietary
Gross receipts from proprietary and
lines and miscel. receipts of prop, companies:
$88.320,3°5 IS3.543.821
Transportation receipts
346,114
375.926
Trackage and other rentals
372,609
280,464
Income from sink, funds pledged for redempt'n of bonds
Income from lands and securities not pledged for re-
67«/12
demption of bonds
e80,8i2
Interest on stocks and bonds owned
4!", 167
Income from othe» investments
168.6S3
Miscellaneous receipts
Interest on loans and advances other than open accts.
120,545
of proprietary companies
$90,683,436
Total receipts
Expendet for account of proprietary companies, viz.:
$60,301,260
Operating expenses
Taxes
Trackage and other rentals
Interest on funded debt
Interest on Central Pacific RR. notes
Interest on open accounts
Miscellaneous expenses
Land department expenses and taxes
Sinking fund contribution and earnings
Betterments and additions
Ot» er charges against Southern Paciflo
Insurance, depreciation, etc
2,110,541
218, 133
14,845,249
1.112.387
679,826
55.357
;238.150
196,464
179,277
644,425
666.889
4 6,470
144.2U7
78.890
$85,- 42,326
$54,894,700
1.8*6,802
218,138
14,767,378
1,180,104
89.274
2(8,172
887.61
242,332
Co.. viz.:
930,4/4
411,634
165,000
260,416
••
Discount on Southern Paciflo Co. 4*^ percent bonds
352,888
Advances to San Antonio & Aransas Pass Ry. Co
$81,719,005 $75,200,865
Total expenditures
$8,964,431 $10,641,471
Surplus over all disbursements
President, E. H. Harriman.-(V. 79, p. 628, 682, 905, 1642.)
RR.—
(See Maps.)— Road.—Owns all the CaliSontkern Pacific
fornia lines of the Southern Paciflo system except the Central Paciflo
and the South Paciflo Coast. The road owned aggregates about 3.260
miles, embracing a through line from east bank of Rio Grande River
through New Mexico and Arizona, via Los Angeles, San Francisoo and
Oakland, to Tehama in No. California, with numerous branches. Of
the lines owned and leased in 1903 (38 miles are leased), 3,056 were
operated In the Southern Pacific system, 242 miles (Mojave to
The Needles) being held under long lease by Atchison In exchange for leases of 350 miles of roads in New Mexico and Arizona.
V. 65. p. 931, and Atch. T. & 8. F. item, p. 1113; see V. 64, p. 609.
Organization.— Incorporated on March 7, 1902, as a consolidation
of the So. Pac. RR. companies of Cal., Ariz, and New Mexico. V.74, p.
578. The Southern Pac. RR. of Cal. was leased to Southern Pac Co.
for fixed charges, betterments and additions and a certain percentage
of the surplus income under the "omnibus lease."
Stock.— 80. Pac Co. June 30, 1903, held nearly all of the stook.
Bonds.— Consolidated Mortgage of Sept., 1893, (see full abstract V.
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
See V. 57, p. 469. This
is reserved for additions and betterments.
mortgage in January, 1899, covered 1,982 miles, of which it is an
absolute 1st lien on 841 miles. The supplemental mortgage Issued in
1898 limits this loan to $30,000,000, (exclusive of bonds to be issued
against underlying securities). Most of the consols are stamped subject
to call at 107ia after 1905 as shown In table above. V. 67, p. 1111.
Land Grant.—The land grant was 12,840 acres per mile, and prooeedB
of sales go to retire bonds, but a large proportion of the lands barren and useless for agricultural purposes without irrigation. In 1902-3
sales were 8.892 acres for $47,660 and 27,565 acres were surrendered; int.on deferred payments, $18,722; land notes June 30, 1903,
$1,953,171. Lands unsold June 30, 1902, 3,468,691 acres. V. 78, p.
709. See So. Pac item, V. 65. p. 778.
Earnings— 7 mos.,, 1903 4... .Gross, $19,658,844; net, $8,236,623
July 1 to Jan. 31. $1902-3.... Gross, 17,932,714; net, 6,924,537
Annual Report.— For year ending June 30, 1903, earnings were:
Gross, $30,756,133; net. $11,940,510; other income, $958,558; charges,
$7,234,467; surplus, $5,664,601; amount of net profit due this 00mpany as per lease, $5,089,232. In 1901-2, gross, $28,587,467; net,
$12,054,078. -(V. 74, p. 152, 269; V. 77, p. 1226.)
Southern Railway Company.-(See Map, pages 1876 and
1877.>—Company operates 7,197
D.
N.
mllee, extending from Washington,
C, and West Point and Richmond, Va., to Danville, Va., Greensboro,
O, Norfolk, Va., Charlotte, N. C, Columbia, N. C, and Atlanta, Ga.,
thenoe northerly to Bristol, Tenn., southeasterly to the coast at Brunswick, Ga., and westerly across the States of Alabama and Mississippi
to the Mississippi River at Greenville. Water lines— Bait. Ches. &
Richmond 8. B. Co., 200 miles, fl See this company.
Organization, Etc.— A reorganization in 1894 of the old Richmond
& West Pt. Ter. system per plan In V. 58, p. 363, 385. See also V. 56,
Numerous lines have since
p. 858, 874, 1016, 1058, and V. 57, p. 61.
been acquired by lease and purchase. On Deo. 31, 1903, the Knoxvllle
& Ohio and Knoxville & Bristol railroads, the latter extending from
Monlstown, Tenn., to Corryton, 40 miles, were acquired by deed.
V. 79. p. 1466.
In 1902 Atlantio Valdosta & Western Ry., 1 12 miles, was merged in
Ga. So. & Fla. V. 74, p. 1309; V. 75, p. 982; V. 77, p. 699. In 1903-04
I
:
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
V or
Miles Date
explanation of column headings, &c, see notes
on first page of
M
Ce
o*
c*
Georgia Pacific 1st mortgage. Ce
Danville cons, mortgage, gold.Ce o
Rlohmond
<ft
&
Deben. mort. old 6s (no longer incomes) Ce...
Equip. Trust bonds, gold, s.f.,subj to call.Ce.c*
Richmond York River & Chesapeake 1st mort.G
G
2d M., extended from 1900
,
Midland— Serial mortgages
191
164
566
....
••
....
38
38
....
347
General mortgage. Ce...
50
Washington Ohio & Western 1st mortgage. Ce.
Western No. Carolina, 1st con. mort., goid.Ce.o* 309
East Tennessee Virginia & Georgia—
552
Div. M., g., (Bristol, Tenn. to Selma, Ala.).Ce.c*
E.T.Va.* Ga. cons. M., g.($20,000,000).cfer.Ce 1,020
95
Ala. Cent. 1st M., Selma to Meridian, gold.Ce.. ..
o*<fcr
Knoxville & Ohio, 1st mort., gold.Ce
66
B.— Southern Railway Divisional Securities..
o'.tr 1,020
East Tennessee lien, gold. v
292
1st mort. on Memo. & Ch., $8,000,000, g. O.c*
Jan.l y'ly
28
Charlottesv. & Rap 1st M., sf red. par
24
Aiken Branch, 1st M., gold A (V. 68. p. 826)
c**r 365
St. Louis div. 1st m., $15,500,000, g.IC
Col M.,g, $9,500 000, s.f.,sec.M.<feO gen.4sGc**r ...»
Mobile <fe Ohio bonds— See Mobile & Ohio RR Co.
«
,
C—On properties
practically
Par
of
Road. Bonds Value.
tables.
Southern By.— (Con )-Ch. Col. & Aug., 2d
Greenville 1st mort., gold.Ce
Columbia
Virginia
of
Size, or
owned by
(*)
166
31
1,000
1,000
1,000
1.000
1894
1,000
1898
1,000
1879 lOO&c.
1898
500
1901
1,000
1901 l.OOO&c
1899
1899
INTEREST OR DIVIDENDS
Rate per When Where Payable, and
Outstanding
Payable
Whom.
Cent.
Amount
$1,000
$500,000
1,000
2,000,000
1,000
5,660,000
1,000
5,997,000
1,000
3,368,000
1,000
253.000
1,000
400,000
1,000
500,000
1,000
7,634,000
100*0.
4.859,000
1,000 al,025,000
1,000 b2,531,000
1880
1886
1879
1885
or LEASE DTO(fi
Ce.o*
•Atlantlo * Yadkin IstM., g., guar
flRichm. & Meoklenb., 1st M., $315,000, gold...c
.
1872
1881
1882
1874
1882
1889
1873
1880
1881
1886
1884
1884
)
—
—
Tenn
Memphis
231
and branches
282
272 LoohhartRR
14
242 Other
Bristol to Chatt'ga, Tenn
6
Operated under agreement—
Knoxville to Cumb'd Gap.Ky
66
Roswell RR
Ooltewab Junction, Tenn., to
12
409
Controlled by securities—
Brunswick, Ga
to State L., Miss. 261 Atlantic* Yadkin...
165
Austell.Ga.,
10
Atlanta Jc. Ga. to York, Ala. 271 State University RR
51
Atlanta, Ga.,to Ft. Valley.Ga. 102 Elberton Air Line RR
54
E. St. L..Ill,toN. Alb., Ind. 265 North Carolina Midland
1,585 Other roads
Branches, etc
126
Trackage Rights—
Total owned
4,498 Hardeev'e, S C, to Sav., Ga.
23
Leased—
Wa8hlngt'n,D.C.,toAlex.,Va.
7
StevensontoChattanooga.&o
Atlanta & Charlotte Air L.
38
Charl.. N.C.to Atlanta, Ga. 268 York, Ala.,to Meridian^Miss.
27
98 Birmingham to Mobile Jc.,*o
18
If Georgia Midland Ry
Franklin & Pittsylvania
30 Kentucky * Indiana Bridge.
10
8elma,N.C.,to Pinners Pt.,Va. 155
If Mobile & Birmingham RR.—
Selma, Ala., to Marion Jet.. 150 Savannah, Ga., to Jackson v. 152
Other
35
If Southern Ry., Car Div.—
Charlest'n, 8.C to Augusta,
with branches to CoTotal mileage op. July, '04.7.197
Ga.,
lumbia, S C, etc.
252
Controlled— operated separately.
Camd*n,S.C.,toMar'n,N.C. 171 ^Mobile & Ohio
912
Ashev.,N.C..toAlston,S.C. 134 If Augusta Southern
82
Other branches
157
Also has one-sixth interest in Richm'd-WashingtonCo., owning union
line between Richmond and Washington, 115 miles. V. 75, p 449.
Has perpetual trackage rights over Atlantic Coast Line RR.
between Savannah. Ga., Jesup and Jacksonville, Fla., 152 miles.
AFFILIATED BUT OPERATED SEPARATELY (See each CO.)
to Stevenson, Ala...
,
,
11
,
Alabama Great Southern...
357 Northern Alabama
119
336 Georgia Southern & Fla
397
STOCK. Authorized $120,000,000 common and $60,000,000 five per
tent non-cumulative preferred stock. No additional mortgage can be
put upon the property, nor can the amount of the preferred stock be
Clncin. N. O.
& Tex.
Pacific
I
|
Increased without the consent of holders of a majority of the preferred.
As to question whether the pref. is subject to call, see V. 72, p. 1136
VOTIN3 Irust.— A majority of both classes of stock Is deposited with
three stock trustees under an extension consented to in 1902. Thestock
shall be held by the stock trustees and their successors, jointly, until
Oot. 15, 1907, and thereafter until terminated by a vote of a majority
of the stock absenting thereto, although the stock trustees may, In their
discretion, deliver the stock at aD earlier date. Stock trustees: J.
Pierpont Morgan, Charles Lanier and George F. Baker.
Provisions
of voting trust and pref. stock cert, in Sdpp. of April. 1897, page 6.
As to extension, see V. 75, p. 442, 612, 1033.
$1123455
Dividends (p. o.) } 1897 1898 1899 1'900 1901 1902 1903
1904
on preferred.
5
Bonds.—The new first consolidated mortgage, Central Trust Co.,
N. Y., trustee (see abstract in V. 59, p. 7S3), is secured by mortgage
and pledge of all the property of the company. The total authorized
is $120,000,000 gold bonds.
V 77, p. 230). as follows
Issued to June 30, 1904 (of which $3,477,000 in treas.)... $42,9S2,000
prior bona8 " (8ee v 59, p. 785)
65.020.00C
Issuable onlv to T'
stocks (see V. 59, p. 786)
5,70O,00(
retireCertain ]
reure certain equipment obligations
^
(see V. 59, p. 786)
355^00
To be issued hereafter only for extensions and additions
at not exceeding $2,000,000 yearly, with a single exception as to $4,000,000 (see V. 59, p. 786)
5,942,300
Prior bonds must be paid by maturity.
Divisional First Mortgage bonds, issued in 1898 on account of pur
chase of Memphis & Charleston Ry., bear 4 per cent interest from Jan
then 4^ per cent to July 1, 1906, and 5 pei
1, 1898, to July l, 1901
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 Steven
son and Chattanooga, 38 miles and $1,417,000 was held for betterments at not exceeding $100, 00" yearly
8ee V 67, p. 179.
Second mortgage on former Memphis & Charleston seoures $2,500,
of 5 per cents, of which $1,500,000 owned by So. Ry. June 30
000
1904 and $1,000,000 reserved for improvements. St. Louts Division
mortga«e covers the former Louisville Evansville * St. Louis RR.,
consisting of 374 miles of main line and branches, the balance unissued, $4,200,000, being reserved for extensions, improvements or
additional equipment. V. 72, p. 138.
The collateral trust 4s of 1901 have been Issued dollar for dollar in
exchange for the Mobile & Oblo general 4s as acquired, by a pledge of
which they are secured.
Stock trust certificates for M. * Ohio
issue
;
O. N.Y..J. P.
&
&
6g.
&
6g.
A. &
5
5 g. M. &
J. &
5
4*«
M. &
M. &
M. &
V
4
F.
6g.
J.
5g. J.
5g. M.
6g. J.
6g. J.
4,500,000
5,183,000
251.100
150,000
11,250.000
8,011,000
5
M.
J.
J.
J.
J.
4
4
4
750.000
A,
&
&
&
&
&
&
M.
M.
A.
J
do
do
do
do
do
do
do
J.
J.
J.
O.
8.
J.
N.
S.
J.
J.
do
do
do
J.
J.
N.Y., J.
pal, When
by
Oot.
Jan.
Jan.
Jan.
Apr.
Co., Bait.
Morgan & Co.
do
do
do
do
do
do
O. N.Y..J.P. Morgan* Co
N.
do
do
8. N. Y., Central Trust Co
do
do
O.
do
do
3
O.
Var. 1906-31
May, 1936
1, 1924
July 1, 1914
Feb.
July
Nov.
July
F. Morgan* Co. July
do
do
a $22 5,000
1910
1916
1922
1915
1927
Sept.
1909
Jan., 1910
Nov., 1910
1,
1,
1,
1,
1,
1,
do
do
do
PhiL.Tr.SafeD.&Ins.Co
N.Y..J.P Morgan* Co
do
do
8.
Dae.
Slocks— Last
Dividend.
do
do
do
do
do
do
do
do
N.
Bond*— Princi-
Morgan* Co.
& Tr.
Safe D.
N. N.Y., J. P.
A.
do
&
&
&
&
&
&
A.
e:
&
&
&
&
&
&
M.
4 g.
1,500,000
4 g.
315,000
1,700,000 7 in 1904
500.000
4o.
4,250,000
7
1,000
1,000
&
J.
J.
J.
3,106,000
12,770,000
1.000.000
2,000,000
100
IfAtlanta* Charlotte—Stock
265ia 1877
Pref. M. (old 7s ext. in 1897, V.64, p.286) our.o
1,000
r 265^ 1877
1st mortgage
1,000
1880
500
Income bonds (not cum ) 6s, interest at 4 p o.r
Also additional amounts pledged June 30, 1903, under flrstc onsolida
—
A.
7
6
South ERN Ry.
the Southern Ry. and Louisville * Nashville acquired $13,670,300 of
the $15,500,000 Chic Indianapolis & Louisville stock In exchange for
their Joint 50- year 4 p. o. bonds. V 74, p. 1029, 1090.
Miles.
Leased Continued.
MilesOwned in fee
^Richmond* Mecklenb.RR. 31
Alexandria (near Washing'n)
280 1) North Carolina RR.—
to Greensboro, N. C
Goldsb., N. C, to Greensb.. 130
Charlotte,N.C.,toAug'sta,Ga. 190
Greensb. to Charlotte, etc.
Col'mbia,S.C.,toGreenv.,S.C. 145
94
W. Point, Va., to Neapolis. .. 179 Atlantlo & Danville Ry.
Norfolk to Danville, Va.,
Salisbury, N.C.to Morristo'n,
1869
do
do
1,
1,
1,
1,
Sept.,
July
July
July
1930
1956
1918
1925
1938
1996
1913
1998
1951
1938
1,
1,
1,
Jan. 1,
8ept. 1,
Apr.
Nov.
1,
1,
1949
1948
Sept., '04, 3»«
Jan.
Ian.
Jan.
1,
1,
1,
1907
1907
1907
b $1,325,000.
stock have also been issued, upon which dividends are payable at 2 per
cent for one year, 3 per cent for the second year and 4 per cent In
perpetuity thereafter. V. 72. p. 242, 822. In 1904, $8,011,000 of the
$9,472,000 bonds and $5, 32.600 of the $6,070,600 stock had
been deposited. V. 72, p. 439; V. 73, p. 664
Jointl with St. Louis & San Francisco RR. guarantees bonds of
New Orleans Term. Co. V 77, p. 38, 699; V. 79. p. 1466.
Equipment trusts mature as follows: Series A, $225,000 each
in Mav and November, 1901, and $213,000 May 1 and $212,000
November 1 in each year thereafter; Series B, $180,000 each.
Mar 31 and Sept. 30, 1902, and *1 70,000 each M.&S. thereafter; Series
C, $223,000 on June 1, 1903. and $229,000 each J. & D. thereafter;
series D, $177,000 each M. & N. beginning Nov. 1, l u 03; series E
$150,000 each, J &D., to June, 19' 6 incl., and $ 147,000 ea. h, J. & D
thereafter.
In Sept 1904, consols were being issued in exchange,
dollar for dollar, for the $2,000,000 Charlotte Columbia & Augusta
1st 5s; $687,000 had then been exchanged. V. 73, p 1265.
,
General Finances.— In Apr., 190 1. $15,000,< 00 five-year collateral
trust bonds ($16,000,000 authorized issue) were sold, secured by
stocks and bonds in the treasury, giving an annual income of $9 3i\172. the proceeds being used to refund the $4,000,000 collateral trust
certificates of 1901 and $1 0,000,00 j certificates of indebtedness. V.78,
p 1*24, 1448. 2385.
Gross, $7,757,668; net, $2,142,828
Latest Earnings-2 J 1904
mos., July 1 to Aug. 31. 1 1903 ... Gross, 7,348.737; net, 2,071,582
Annual Report.— Fiscal v ear ends June 30. Annual meeting is held
the second Tuesday in October. The report for 1903-04 was given at
length In V. 79, p. 1456, 1465. See also editorial p. 143*4.
Traffic— The freight tonnage is widely diversified, which is an element of strength. Agricultural products in 1903-04 furnished only
about 12 per cent (cotton about 4 per cent), while over 41 per cent
was from mining industries (30 per cent being coal) and about 28 per
cent was product of manufactories. Ton rate, 0-933 cents per m.; trainload. 225 tons. Earnings, etc. (includ. the St. Louis division, 374 miles,
for the entire year, but in income account in 1901 only for 6 months
actually operated), have been as follows:
1902.
1903.
1901.
1904
Tears end. June 30.
6,743
7,129
7,164
6,799
Average miles oper.
$
$
$
$
30,032 416 28,081,034 24,942,460 23,617,452
Freight
Passengers
Mail, express, etc.
11,314,045
3.763.316
10,804,542
3,468,485
9,601,360
3,168,428
9,065,805
3.014,515
45 109,777
11,994,310
42,354.061 37,712,248 35,697,772
11,3^4.921 10,865,411 10,316,857
824,509
1.395,181
1,211.261
498.706
12,576,182 11,689,920 10.815,563
Total net income 13 369.48.446,041 7,833.614
8,952.329
Interest and rentals
7,181,296
1.03O.569
255,409
422,663
Other deductions..
93,767
3,e0»i,t97
3.40ti,5a4
Bal., sur. for year..
3,707,478
3,540,500
(5)3.000,000 (5)3,000,000(5)3.000,000 (4)2.400,000
Dlvid. on pref
Officers.— President, Samuel Spencer, 80 Broadway, New York;
Seo'y, R. D. Lankford, 80 B'dway, N. Y.; Treas'r, H. C. Ansley, 1300
Pennsylvania Avenue, Washington, D. C.
F>irectors.— A. B. Andrews, Raieieh, N. C; Joseph Bryan, Richmond, Va.; W.
W. Finley, Washington. I). C.: S. M. lnman. Atlanta, Ga.: Adrian Iselin Jr..
Samuel upencer Charles Steele, James P. Wood wara, Harris O PpQnestock,
Robert M. Gallaway, Charles Lanier and Edmund D R<ndolph of New York.
-(V. 78, p. 2443; V. 79, p. 271, 623, 734, 968, 1 45«, 1 466.)
Gross earnings
Net earnings
Other income
Southern Hallway, Carolina Division.— Charleston,
S.
C,
Augusta, Ga., with branches to Columbia, S C, etc 252 miles;
Camden, 8. C, toMarion.N. C, 171 miles Asheville, N. C, to Alston,
S. C, 134 miles; other branches, 138 miles; total, 695 miles.
Leased
to the Southern Ry. A consolidation of the Asheville & wpartanburg
Midland, South Carolina * Georgia and South Carolina &
Carolina
Georgia Extension railroads. Stock authorized $7,798,700. Of the
consols of 19" >2 (*18,000,000 authorized), $6,260 000 are reserved to
retire at or before maturity.the underlying divisional bonds, $5,000,000
have been used to reimburse the 8outhern Ry. for the previous puronase of the several properties, and the remainder are available for
Improvements, equipment ami extensions, $4,000,000 being reserved
for a northwestern extension into and through the States of South
Carolina North Carolina. Virginia, Tennessee and Kentucky. V. 75,
President, A. B. Andrews.— (V 75, p. 31, 13b.)
p. 136.
South Shore Ry.— See Quebec Southern Ry.; V. 78, p. 1276.
So nth * Western RR.— Owns and operates Johnson City, Tenn.,
to Spruce Pine, N.U.. 64 miles: also graced Johnson City, Tenn., to Gate
City. Va.. 32 miles, and Clinchport. Va to Minneapolis. Va 40 miles.
In Oct., 190*. control ot ihe South & Western and of the Crane's Nest
Co.. owning about 112,000 acres of ooal lands (V. 75, p. 908). was ao
qui) ed by a new holding company known as the Clinchfleld Corporation, with $2,300 000 stock. V. 79. p. 1705.
8to< k authorized, $10,000,000; outstanding, $100,000; par of
shades, $100. The bonds are subject to call in whole or part (by lot)
at par and accrued interest on or before Jan. 1, 1907, on 90 days'
notice, coupons to Jan. 1, 905 inoluslve, being at ti-e rate of 3 per
cent yearly, those of July, 1905. and Jan., 1906, at 31q per cent and
thereafter at 5 per cent per annum. V. 76, p. 4 36. For year ending
June 30. 1904, gross, $110,087; net, $26,960; charges. $28,307; bal.,
del, $1,347. Pres., George L. Carter.— (V. 77, p. 1534; V. 79, p. 1705.*
to
,
,
1
1870
RAILWAY STOCKS AND BONDS.
MAP OF THE
SOUTHERN PACIFIC COMPANY
PACIFIC SYSTEM.
[Vol. lxxix.
Oct., 1904. J
RAILWAY STOCKS AND BONDS.
RAILWAY STOCKS AND BONDS.
1872
[Vol. lxxix.
INTEREST OR DIVIDENDS.
RAILROADS.
±>oiuls— rTinol-
Miles Date Size, or
pal.When Due.
Amount
of
Par
For explanation of column headings, &c, see notes of
Outstanding Rate per When Where Payable, and by Stocks— Last
Road. Bonds Value.
on first page of tables.
Payable
Whom.
Cent.
Dividend.
Southern Ry. (Con.) — 'Ga.Mid. 1st
M
,
int
Me
—
& O.
& A
1896 $1,000 $1,650,000
100
4,000,000
1895 300, 1,000
600,000
1895 200, 1,000
1,200,000
100
900,000
1900
1,000
3,925,000
4g
245
1894
1895
1^99
1902
1902
1,000
1,000
1,000
1,(00
1,000
5,250,000
5 g.
1,000,000
4g.
100,000
5,000,000
4 g.
600,000 3 to 5 g.
1,499,900 10 in *04
900,000
7
5,191,100
5
i'49
149
A Wateree
—
do
do
do
5g.
4
&
J.
16
River RR. 1st mortgage. Ce.
New consol. mortgage, $18,000,000, gold N
"38
South <6 Western— iBt M., $600,000, g., red. (text).c
128
50
Southwest Pennsylvania— Stook ($3,000,000 auth.).
1,000
128 1877
r
1st M., sink, fund $5,000 yearly, not drawn
100
333
Southwestern ( Qa.) Stock (see text)
Spartanb'g Union <t Columbus— See South'n Ry., CAKO linaD CVI8ION.
100
6
989,000
Spuyten Duy vil <t P'tMor. -Stock,8 p.o.gu,,N.Y.Cent.
8
24 1898
1,000
State Line dt Sullivan— 1st mort., $300,000, g.Unc*
275,000
4 J* g.
Staten Island Ry. and itaten Island Rap. Transit- See B ALTIM ORE & Ohio.
115,000
6
Suffolk <& larolina— Morts. ($25,000 doe Mch '05
75 1902
1,000
620,000
1st consol. mort., $1,000,000, gold, red. 110.. .o*
g
100
23
448,700
Stockbridge <t Pittsfield— Q-g.e. rentalN.Y. N.H.&H.
i
1894
1,000
c
Sullivan County RR.— 1st mortgage, $400,000
357,000
4
Sunbury Hazle. <t Wilkesb.—Sunb'ry <t Lewistown— See"p ENN8Y LVANIA RR.
100
240.000
Suncook Valley Stock, 6 p. c. rental Con. & Mon.
6
42 1902
1,000
700,000
Susq. Biooms. <£ Berw— 1st
$700,000, gold.FP
100
81
Syracuse Btnghamton <£ New York— Stock
2,500,000 8 in 1903
1,000
81 1876
Consol. M.(p. andi. gu. (end.) by D.L.&W.).F.o*&r
1,966,000
7
100
Syracuse Geneva <t Corning — Stock S^a p. o. rental)
1,325,000
3**
6*4
1875 100 Ac.
c
311,900
1st mortgage, sinking fund, drawn at par.F.
7
64 1879
1,000
c
2d mortgage. F
600,000
5
1.000
44 1903
East. 1st M.$l,500.000.g.r'd HO.beg 'OS.lCo*
494.000
lac.
5 «r
Sumter
N. Y..J. P. Morgan & Co.
1946
Burlington, N. C.
Aug., 1904, 3 1|
4
278
98
gu.Ce
TTNorth Carolina, stock, 7 p. c, guar
If Mobile & Birmingham RR., prior lien, g.Ce...c
1st mortgage, $l,200,000.Me
c
Praf erred stock
Northern Alabama Ry.—See that Company.
f Atlantic & Danville 1st mortgage.
Southern Railway, Carolina Division
1TSo. Carol. & Ga., 1st to., g., $5,250,000. Ce...e*
*8part. Union & Col., $1,000,000, gu. Ash. & Sp.g.
N. N.Y., J.P.
&
O.
&
&
&
&
&
&
&
July 1, 1945
July 1, 1945
July 1/04,2%
N. Y.,Meroant. Trust.
J.
<te
&
do
do
do
Morgan
do
do
do
J.
J.
J.
<fe
July
do
do
do
—
M
,
.
.
Southwest Pennsylvania Ry.— Greensburg, Pa., to
Faironance,
45 miles, and branches, 83 m. Leased to Penn. RR., which pays
net earnings as rental and owns $1,057,250 stock and $600,000 bonds.
Dividends.— ) 1892. '93. '94. '95. '96. 1897 to Oct., 1904,
10 per cent yearly
Percent.... S
11
10
10
10
11
Pa.,
Tr.Dec.31.
Net.
Gross.
Int.,taxes,<£c.
Divid'ds.
*Balance.
A.
J. Sav.,
J.
J.
do
Ga.
&
$149,990 sur $167,889
$2,187,441 $695,681 $$387,354
149,990 sur. 10,908
§370,995
2,047,515
528.966
Includes $9,552 other income in 1903, $2,927 in 1902. § Includes
improvements, $26 ,863 in 1903; $244,2->2 in 1902.
Southwestern RR,(Ga,)- Owns Macon, Ga., to Eufaula; Fort
Valley to Columbus, Ga., etc, with branches; total, 333 miles
Leased for 101 years from Nov. 1, 1895, to Central of Georgia Ry. at
a rental of 5 p. o. on stock. As to suit, see V. 71, p. 809; V. 73, p. 1062.
Springfield I'nion Depot Co.—V. 77, p. 770.
Owns 6 m. double track
Spuyten Duj vl 1 Ac Port Morris
and connects the N. Y. Central & Hudson with the N. Y. & Harlem.
Leased to New York Central till Deo. 31, 1970, at 8 per cent on stock.
1903
1902
*
RR.—
State Line & Sullivan RR.— Owns Monroeton, Pa., to Berenice,
24 miles. Stock, $980,250 (par $50.) Mortgage covers 5,000 acres
coal lands. The new 1st 4*88aresubjeottocallfor sinkingfund requirements at 105 until Jan. 1, 1914, and thereafter at par. V 67, p. 1209.
Road leased till 1934 to Penn. & N. Y. Canal & RR. (rental, $40,000 per
ann.), and so oper. by Lehigh VaUey.-(V. 74, p. 479; V. 76, p. 332.)
Pa.,
Staten Island
Ry.—Clifton to
Tottenville,
1264
miles.
Stock.—
*1,050,000, of whioh *569,850 owned t>y Baltimore A Ohio; par, $75.
Year ending June 30, 1903, gross, $206,778; net, $33,020; int. and
taxes, $32,923; balanoe, sur., $97.— (V. 61, p. 737.)
Staten Island Rapid Transit Ry.— Purchased at foreclosure
Apr., 1899, subjeot to first mort. by B. & O. V.69, p.284. (V.78, p. 1550.)
Pittsfleld RR.—Vandeusenville to Pittsfleld,
Mass., 23 m. Leased for 99 years April 1, 1893, to N. Y. N. H. & H., at
6 p. 0. on stock. Lessee pays taxes. Lease to Housatonio suspended.
Suffolk & Carolina Ry.—Suffolk, Va., to Edenton, N. O, on .Albemarle Sound, 50 miles, opened April 19, 1904, the remainder o the
line having been standard-gauged; branch from Beckford to Elizabeth City. N. C, 25 miles. Controlled In Baltimore. V. 78, p 1499.
Stock authorized, $1,000,000, of which $800,000 is outstanding, a
stock dividend of 100 p. c. having been declared Jan., 1903; par
of shares. $1(0. Of the 1st consol. 5s of 1902 ($1,000,000 authorized
issue) $500,000 were issued to retire $95,000 of the old 6s, build extensions to Edenton and Elizabeth City, 42 miles, standard-gauge the
road and lay 60-lb st»-el rail, the balance being reserved to retire
$115,000 old 6s due 1905 and 1911 a> d for future requirements There
are also $100,000 (authorized Issue $300,000) 4 p. c non-oum. income
bonds. V 76, p. 103; V 79, p. 734. Year ending Judo 30, 1903, gross,
Presi$99,t)08; net, $49,964; annual Interest charge now is $30,400.
dent, Wm. H. Bosley, Baltimore, Md.— (V. 76, p. 49, 103; V. 78, p.
Stockbridge
1499; V. 79,
p.
&
734.)
Sullivan County RR.—Road from Bellows Falls to Windsor,
Vt., 26 miles. Road opened 1849; operated etnoe April, 1893, by
&
Maine. Net earnings, less taxes and interest on bonds, paid
Stock, $500,000, owned by Vermont Valley RR. For year
1903-04. gross, $358,162; net, $68,057; Interest, taxes, eto., $28,003;
dividends (8 p. 0.), $40,000; bal., sur., $54. - (V. 65, p. 867.)
Boston
lessor.
See Pennsylvania
Sunbury Hazleton & Wilkesb. Ry. >
Railroad.
SunDury & Lewistown Ry.
5
Suncook Valley RR.—Owns road Suncook to Pittsfleld, N. H., 17
miles. Leased till 1912 to Conoord & Montreal for 6 p. c. on $240,000
of capital stock; total stock issued is $341,700, of which $101,700
non-dividend paying. President, Hiram A. Tuttle, Pittsfleld, N. H.
is
Susquehanna Bloomibiirg A Berwick RR.— Watsontown
mi es. Successor In Aug., 1902, 01 the Central Pennsylvania & Western RR., foreclosed. V.75,p. 343. Stook, $1,000,000, all
to Berwick, Pa.. 42
outstanding; par of shares, $50
Bonds, Bee table.
V. 75, p 1303.
Year ending June 30, 1903 (line being uncompleted), gross, $21,011; def. under oper. up., $3,400. Pree., J. Henry Cochran, Williams
port. Pa.-(V. 75, p. 1303
Susquehanna & New York RR.— Owns Towanda, Pa., to
Ralston, 43 miles; Gray's Run Branch, 25 miles; other branches,
3 Hi miles; tram road lynches and sidings, 14 m.; trackage (including
7 miles of siding*), 1 3*2 m.; total, 99 miles. A consolidation In 1902
)
V. 75, p. 291. Stock, $2,000,000; par of shares, $100; outstanding,
Bonds ($2,000,000 authorized) are 413*,
1904, $1,224,500.
dated Deo. 1, 1902, and due Dec. 1, 1932, but subject to call In ten
years; none issued Sept., 1^04. For year ending June 30. 1904, gross,
8214, 13«; netover taxes, $55,967. President, C. 8 Horton; Treas.,
F. E. Bradley, William sport, Pa— (V. 75, p. 291, 395.)
Sussex It R.— Owns road from Stanhope to Franklin, N. J., and
branch, 30 mile-*. Road opened 1854. Since 1881 operated by Del
Lack. & W., which owns a majority of the $1,638,600 stock. Dividends
paid from earnings of 1899, 3 p c; 1900, 4 p. c; 1901 to 1903. both
The $235,500 7 p. c. bonds due Apr. 1, 1903, were
inc., 2 p 0. yearly
paid off at maturity. For year ending Deo. 31, 1 903, srross, $204,903;
net,$b2,951; oharges,$8,722;dlv8. (2 p.c), $32,772; bal., sur., $41,457.
Geddes, N. Y., to BingSyracuse Blnghamton Ac N. Y.
hamton, N. Y., 81 miles. Controlled since 1869 by Delaware Lack. &
W., which. June 30, 1904, owned $1,909,400 stock and guar, the bonds.
Sept.,
RR.—
1919
1,
1,
1,
1919
1952
Feb.
do
1,
1917
Macon, Ga. July5,'04,2is%
N. Y.. Gr'd Cent. Station July, 1904, 4%
N. Y., Union Trust Co. Jan. 1, 1929
& J.
Q.-J.15
A. & O.
J. & J
A. & O.
Q.—F.
A. & O.
1905
July
Int'n'l Tr. Co., Balt'me.
&
1,
1911
1952
Stockbridge, Mass.
Oct., '04, Hfl%
Bos. Safe Dep. & Tr. Co. Apr. 1, 1924
M'nch'st'r,N.H.,Nat.Bk July, 1904,
Phila., Fidelity Tr. Co.
N. Y., D. L. W. RR. Co.
&
do
Q.-F
M15&N.
do
3%
1, 1952
Aug. 1, '04.
Oct. 1, 1906
Oot.
,
2%
V
N.Y., Gr. Cent. Station. Nov.1,'04,
N. Y., Farm.
& Tr. Co, Nov. 15, 1905
S. N. Y., Gr. Cent. Station. Moh. 1, 1909
,'N.W Harris &Co.,Chic. Jan. 1. 1^23
J
'89
Dividends
'88
'90
'91
)
Percent
12
8
8
13
5
Report.
Int.
Gross.
Net.
1903
$1,220,655 $476,849 $137,620
1902
943,963
137,620
159,488
-(V
1,
Jan., 1995
Invest. Tr. Co., Phila.
1952*
o. Phila., Broad St. Stat'n Oct. 1, '04, 5%
J.
M. &
J &
1948
Apr.
July
Jan.
,
-
1,
May
Co.
L
'92 to Aug.. 1904, inelus.
8 yearly (2 p. 0. quar.)
Dividends.
Balanre.
$200,000 sur.$139,229
200,000 def 178,132
.
65, p. 568.)
&
Syracuse Geneva
Corning Ry.— Corning, N. Y., to Geneva,
N. Y., 58 miles; Penn Yan to Dresden, 6 m. Formerly leased to Fall
Brook Ry., but lease oanoeled and new lease made from May 1, 1899,
for term of corporate existence to N. Y. Central, for $46,37.^ per annum, payable quarterly, interest on bonds and other obligations, taxes
and repairs, the N. Y. C. owning $821,800 of the $1,325,000 stock, par
$100. This rental is equivalent to a 3*9 per cent dividend on the stock.
(V 68, p. 573; V. 73, p. 1063; V. 74, p. 328; V. 75, p. 1033.)
Tacoma
RR.—
Eastern
Owns Tacoma, Wash to Ashfords, 55
miles.to bituminous coal fields; branch also projected from Eatonville
easterly 13*2 miles to Nisqually Coal Co. fields. Stock, common, $7,500,000; pref., 6 p. c; non-cum, $750,000; all issued; par of shares,
$100. Of the bonds (see table above) additional amounts up to $1 000,000 can be issued only at the rate of $13,000 per additional mile of
track. V. 76, p 655. President, Edward Cookingham, Portland, Ore.;
Secretary, E. M. Hayden, Tacoma, ore.— (V. 76, p. 655 )
Tallulah Falls Ry.— Owns Cornelia to Clayton, viaTallulah Falls,
Ga.,35 miles; extension from Wylie to North Carolina line, 13 miles,
is to be completed during 1904.
Successor In 1898 of the Blue Bldge
A. Atlantic RR., foreclosed. V. 66, p 810. Stock authorized, $500,000,
of whioh $2.^0,00t> is 5 p 0. non-cum preferred; par of shares, $100.
Bonds are limited to $15,000 per mile. "Year ending June 30, 1903
(21 miles), gross, $23,730; net, $7,060. President, Geo L. Prentiss,
31 Nassau St., N. Y.— (V. 75, p. 241.)
Tehuantepec National Ry.—V. 74, p. 94; V. 75, p. 794.
Temlscouata Ry.—V. 79, p 1462.
Temlskamlnlng A- Northern Ontario Ry — V.77,p. 251, 1749
Tennessee Central RR.— Harrlman, Tenn., v esterly to Hopkinsvllle, 251 miles; branches, 59 miles; lines at Nashville terminals, 10
miles; total, 320 miles. Extension from Nashville northwesterly, via
Olarksvllle. to Hopkinsvllle, Ky„ 73 miles, was comileud in Deo,
1903. The Nashville Terminal Co.'s facilities, including terminals and
bridge and 18 miles of track, are leased for 99 years from May 1. 1902.
V. 73, p. 337, 392; V. 74, p. 577, 831; V. 75, p. 499. On .June 2, 1904,
the receiver was discharged, reorganization having been arranged
See below. V. 78, p. 17t<3; V. 79, p. 213.
Securities.— Stock authorized and outstanding, $8,000,000, all common (par of shares, $i00). The citizens of Nashville on Aug. 30
19"1, voted to subscribe to $1,000,000 stock, the subscription price
to be paid on completion of the road from Nashville to Clarksvllle
Pult. V. 76, p. 1409; V 77, p. 2 140; V. 78. p. 13 «3. V. 79. p. 152.
The prior lien5« of 1904 are subject to call at 10 on Jan. 1, 1909
or any subsequent interest day. The general 5s ($20,000,000 authorized issue. Mercantile Trust Co. of 8t i.ou1s, trustee,) are limited In
cludln* $4,2<i0,000 reserved to retire the prior lien fts) to $37,f>00 per
mile on the 320 miles of present mile me. The remaining bonds can
only be Issued for additional mileage constructed or acquired at not
over $25 000 per mile. V. 78, p. 1783. V. 79, p. 213. The Nashville
Terminal mortgage is for $1,000,000; see th it company. President,
J. C Van Blarcom; S«-o'y, O. M. Laln«r; Treas
E. A. Faulhaber.-(V.
78, p. 1393, 1783, 2336; V. 79, p. 152, 213.)
Terminal
Association of St. Louis.— Property.—
Owns and operates extensive terminals at St. Louis, with belt lines and
bridges, and a tunnel 4,800 feet in length; operates East St. Louis A
Carondelet Ry., 12 miles, since Mar. 1, 1902. V. 74, p. 4"9.
In Oct 1904, the bridge across the Mississippi River at Alton, owned
by St. Clair Madison & St. Lou's Belt RR., was purchased by 10 of the
14 proprietor companies, the v lssourl <fe III. Bridge & Belt RR. being
Incorporated, with $2,500,000 authorized stock, as successor. V 78 d
v
1393; V. T9, p. 1642.
Organization.— Organized in 1889. The following companies are
sole owners: Cleveland Cincinnati Chicago & 8t. Louis. Louisville <*
Nashville, St. Louis Iron Mountain & Southern, Bait. & O. Southwestern, Missouri Paciflo, Wabash, Ht. Louis Vandal ia
Terre
Haute (Penn. RR. system) ^hlo Rock Island & Paciflo, St. Louis &
Chicago <fe Alton, Chic. Burl. <fc Qulncy, Illlnos Central,
San Francisco,
Southern Ry. and the Missouri Kansas <ft Texas, the seven last
named having acquired their interests In Dec, 1902, and Jan., 1 03
V 75, p 1355; V. 76, p. 103. These companies agree undei contraoiS >
use the property forever and pay as tolls the Interest, taxes rentals and
other charges, and each line will contribute its proportion to the extent
of one-fourteenth to make up any deficiency from unforeseen circumstances. See V. 79. p. 499. See also St. L. Merohants Bridge Term. RR
Leases.— The leases of the Bridge and the Tunnel are for their
oorporate existence, and were made July 1, 1881. As to litigation see
V. 77, p. 299. 512; V. 78, p. 1908. 2443, 2600.
8TOCK.— Capital stock, authorized amount, $50,000,000, as In
oreased in Dec, 1902; outstanding Apr 30, 1904, $2,882,000
Bonds, Etc.— The mortgage of 1889 (trustee Central Trust Company,
was described in advertisement in Chronicle of February 13, 1892.
Of the general mort. refunding 4% sinking fund gold bonds of 1953
($50,000,000 authorized) $18,000,000 have been sold for new con,
RR.
,
'
A
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.
|
KAILROADB.
Miles
For explanation of column headings,
on tlrst page of tables.
Tallulah Falls— 1st mort., gold
<fcc,
see notes
IB
c*<fcr
1st oonsol. more, gold, red. 105 S
Tenn. Oent.—Pv. lien M., $4,200,000, g.. red.MSto*
General mort., $20,000,000, gold. See text ..c*
Term'l Railroad Association 1st mort., gold.S...o*
1st oonsol. mortgage, $12,000,000, gold S... o*
—
Gen.M.
Size, or
of
o
Par
Road. Bonds Value.
43
43
320
320
$50,000,000, g.,s.f.,red.,tex:t.Ce.0*<fcr
8t. Louis Bridge Co. 1st pref. stock, guaranteed.
2d preferred stock, guaranteed, endorsed
1st mortgage, gold
o*
Tunnel Railroad of St. Louis, stock, guar, (end.)
lstM.,$l,000,000,g.,N.o*
11
Terminal Ry. (Buffalo)—
116
Terre Haute <t Inaianav.—-Con. M., now 1st M.,F.g.
2d My con. g., red. aft. July 1, 1902, at 105. F..c 116
Terre Haute <6 Logansport RR
1st mortgage
93
Obligations convertible into mortgage tionds
159
Terre Haute <6 Peoria.— First mortgage, gold.Un..
138
1st con. M., $2,500,000, g., gu. p.& 1. (end.). V n.c*
138
Texas Central— Common stock
Preferred stook, non-cum
1st M., $2,000,000 g., red. 110 ($150,000 4s) Fo*
227
Texas Midland RR.-M.OTt. ($750,000 is 2d mort.).
111
Tex.dtN. 0.o/'74— L.gr. s.f.notdrn., lstM.Mp.o*&r
105
Sabine Division 1st mortgage, gold
o*<fer
104
Consol. mortgage for $4, 195.000. G
o\fcr
209
Dallas Div.lstM.,g.,$20,000 perm. (text)Un.o*
Texas dt Pacific— 1st M. (E. Div.), g., e.f. red. 100.0*
513
1st consol. mort. for $25,000,000, gold. FP....0* 1,387
2d oons. inc. M. ($25,000,000), g. (see rem.).Me.o* 1,387
Louis. Div. Br. Lines, 1st M., g. $12,500 per m.Me
339
Texas Short Line—1st mortgage, gold.Csm
9>s
ref.,
—
*
Date
1893
1893
1875
1882
1893
1900
1875
1888
1888
1901
1901
1,000
1,000
1,000
1,000
i",6b"6
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
$374,000
360
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
Intern. Tr. Co., Boston. July 1, 1921
5 g. J. &
J.
;
Terminal Ry. of Buffalo.— Blasdell, N. Y., to Depew, Erie
Co., N. Y., 11 miles. Opened Sept. 15, 1898. V. 67, p. 530. Stock is
$1,000,000. Lake Shore & Mich South, and N. Y. C. & H. R. RR. each
own 5,000 shares of the stock. Year to June 30, 1904, gross, $70,992;
net, $53,977; interest and taxes, $47,572; Dal., sur., $6,405. Secretary, E. V. W. Rossiter, N.Y.— (V. 67, p. 530.)
&
RR.—
Terre Haute
Indianapolis
(See Map Pa. RB.)—Owne
Indianapolis to Illinois State line, 80 miles, with coal branches, 43
miles. Leases St. Louis Vand. & Terre Haute, 158 miles; Terre Haute
& Peoria (less trackage 28 miles and half ownership in 8 m.), 174 m.;
total, 455 m. Pa. Co. owns a block of the $1 ,988,150 stock.
Receivership.—On Nov. 13, 1896, Volney T. Malott, of Indianapolis, Ind., was appointed receiver.
V. 63, p. 1011. Decision in Deo.,
1902.
V. 71, p. 810; V. 75, p. 1204, 1303; V. 78, p. 2336.
Dividends 1878 to 1884, 8; 1885 to Feb., 1894, 6 p. c; none since.
Guaranties— Interest on T. H. Peoria bonds went to default, but
interest on Terre H. & Indianap. consol. 5s of 1885 and 1892 has been
paid when due. V. 67, p. 30; V. 70, p. 992, 1049.
For 6 mos. ending June 30, 1904, gross, $987,727, against $959,955;
net, $194,226, against $200,572.
Annual Report.— In 1902-3, on 123 miles owned, gross, $2,028,229; net, $575,048; oth. inoome, $29,975; interest, $125,000; loss in
operating leased lines, $144,605; bal., sur., $335,418. -(V. 78, p. 2336.)
:
&
&
Terre Haute
Logansport Ry.— Owns from South Bend. Ind.
to Rockville, Ind., 159 miles; trackage (Evansville
Terre Haute
RR.), Rockville to Terre Haute, 23 miles. Consolidation with Terre
Haute
Indianapolis pending, see that company above. Capital
Stock, $2,000,000. >"or 6 mos. ending June 30, 1904, gross. $563,168,
against *565,338 in 1903; net, $44,461, agst. $72,997. In 1903, gross,
$1,260,938; net, $224,270; int., rental and betterments, $230,359; def .,
$6,089.-(V. 72, p. 985.)
Terre Haute
Peoria
( See Map of Pennsylvania RR .)—
Road operated from Terre Haute, Did., via Decatur, to Peoria, m., 174
miles, of whioh 138 miles are owned and half interest owned in 8
miles and 28 miles Is by trackage over other roads. From Oct. 1,1892,
leased for 99 years to the Terre Haute & Indianapolis at rental of 30
per cent of gross earnings, with a minimum sufficient to pay interest
on debt. See V. 55, p. 766. Lessee owns $544,200 of the $1,837,400
preferred and $1,338,000 of the $1,926,800 common.
Committee.
Interest due Sept. 1, 1896, was paid May 1,
1901, by order of court; coupons of Mar., 1897 to Sept.. lgoi.'lnoluslve,
in May, 1903; March, 1902 coupon in Sept., 1903; Sept., 1902, coupon
In Dec, 1903, and Mar., 1903, coupon in Apr., 1904; Sept., 1903, coupon in Aug., 19D4; later coupons unpaid V. 72, p. 937; V. 76, p. 974;
V. 77, p. 2160; V. 79, p. H05. Bondholders' 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.
The consols [Union Trust Co., N. Y., trustee], carry the guaranty of
the T. H. & Indianapolis.
In May, 1900, the U. S. Circuit Court of
Appeals affirmed the validity of the guaranty. V. 72, p. 481, 873.
Earnings.— Fiscal year ends Oct. 31. For 6 mos. ending June 30,
1904. gross $297,034, against $303,058 in 1903; def. u- der oper. exp.,
$1,583, against net, $8,877. In 1902-03, gross, $629,649; net, $77,788;
rental from lessee, $188,895; bal., loss to lessee, $111,107.— (V. 78, p.
1448; V. 79, p. 905.)
A
&
&
RR.—
—
&
Texas Central
RR.—Road— Runs from
Waoo, in McLennan Co.,
to Albany and Stamford, Tex., etc, 227 miles, and extension Albany
to Stamford, 40 miles, was completed Feb., 1900.
Dividends.— On preferred: In 1896, 3 p.c; 1897, 3; 1898. 3; 1899, 4;
1901, 713: 1902, 5 p. c; 1903, 5 p. c; 1904. 5 p. 0.
On
common, 2** p. c, July 15, 1901; in 1902, Jan., 2»s p. c; in 1903, July,
213 p. c; in 1904, July, 212 p. c
Latest Eaens.-2 mos., $ 1904
Gross, $101,992
net. $16,549
July 1 to Aug. 31.
Gross,
? 1903
77,231
op def ,5,174
Surplus over 2 months' charges, t>ll,383,agst def. $10,340 in 1903.
Report for year ending June 30, 1903,was in V. 77, p.2034. In 1903-4,
gross, $735,415; net, $185,776; other income, $1,237; interest, $31,000; dividends, $132,457; bal., $23,556.-(V. 77, p. 2034; V. 79, p.
1642.)
4;
;
;
N.Y., Standard Tr'st Co.
Miss Val. Tr. Co.
Mercantile Tr. Co. St. L.
N. Y., J.P. Morgan
Co.
-
Jan.
Jan.
Jan.
St. L.,
,
6*
,
1903. ...$2,726,293 $1,317,677 $382,958 $2,233,659 def.$533,024
1902.... 2,615,360
1,494,369
335,894
1,462,919 sur.367,345
Chairman of Board. Julius S. Walsh Pres., W. S. MoChesney Jr.; Sec.
C. A. Vinnedge; Treas., F. C. Daab.— (V. 79, p. 213, 499, 734, 1642.)
&
5 g. J. &
4,014,000
8,000,000
5g. J. &
4iflg. A. &
7,000,000
5.000,000
5 g- F. &
J. &
18,000,000
J. &
2,490,000
J. &
3
3,000,000
A. & O
7
5,000,000
J. & J.
G
1,250,000
A. & O.
k 81,000,000
5 K. J. & J.
1,900,000
5 g- J. & J.
600,000
(J
J. & J.
500.000
4 e- J. & D.
1,060,000
5 g. M. & 8.
33,000
5 g. M. & 8.
2,197,000
2,649,300 2^ in '04 Yearly.
1,324,500 5 In 1904 J. & J.
*650,000 4g. & 5g A. & O.
J. & J.
900.000
5
P. & A.
7
862,000
2,575,000
6g. M. & S.
J. & J.
1,620,000
3,997,000
4 g. F. & A.
M. & S.
2,741.000
22,234.000
g J. & D.
t g. Men. 1.
24,850,000
5
5g. J. & J.
4,241,000
175,000
5 g. J. & J
$605,000 additional 5s and $45,000 4s in tre asury June 3 0. 1904; total of $> 300.000
Btructlon, improvements and additions $17,500,000 are reserved to
retire existing bonds and $14,500,000 for issue after Jan. 1, 1906, at
not over $1,000,000 yearly for improvements and acquisitions. A sinking fund commencing July 1, 1906, will retire $100,000 of these bonds
yearly by lot at 110 and interest If not purchasable for less. The entire issue is subject to oall at 110 and interest on and after Jan. 1,
1910. For property mortgaged, see V. 76, p. 267, 383, 481, 807. See
full statement, V. 7~>. p. 49^.
Guarantees $3,500,000 St. L. Merchants' Bridge Terminal 1st 5s. and
interest on $2,000,000 1st 6s of Merchants' Bridge. See those Co's.
Annual Report.— Year changed to end June 30. Next report will
be for year ending June 30, 1904. Report in V. 76, p. 807, showed:
Year—
Gross
Net.
Other inc.
Charges.
Balance.
1900,
Outstanding
1901 $1,000
1903 l.OOO&c
1904
1,000
1904
1,000
1889
1,000
1894
1.000
1903 l,000&o
100
100
1879 500 <feo.
1896
1885
1892
1879
1898
1887
1892
Amount
1873
New
&
do
do
do
do
do
do
do
do
York and London.
1,
1,
1,
1,
1,
Oot.
Aug.
1933
1934
1954
1939
1944
1953
Jan. 1,
July, 1904,3%
July, '04, 1VX>
Apr. 1, 1929
N. Y., J. P. Morgan & Co. July, 1904, 3%
N. Y., Grand Cent. Sta'n Apr. 1, 1946
N. Y., Farm. L. & Tr. Co. July 1, 1925
do
do
N.Y. .Farmers 'L. &T.Oo. Jan.
1,
1,
1925
1910
In default.
Sept., '03, coup, last pd.
1,
1937
July
N.Y.,Farm.L'n &Tr.Co.
do
do
do
do
None In 1903-04
N. Y, 8. Pao., 120 B'way
do
do
do
do
do
do
N. Y., Merc. Trust Co.
N. Y., Mer. Trust Co.
5 p. 0. pd. Moh. 1, 1904
N. Y., Mer. Trust Co.
N. Y.,U.S.Mort.& Tr.Co.
Mar.
Sept. 1, 1942
July 15/04,2 1«
Julyl5,'04,2>«
Apr. 1, 1923
Apr.
Aug.
1,
1,
Sept. 1,
July 1,
Aug.
Moh.
June
1,
1,
1,
1,
1,
Deo.
Jan.
Jan.
1,
1993
1905
1912
1943
1930
1905
2000
2000
1931
1921
Issued
Texas Midland RR.— Road from
ttnms on Houston
& Texas
Central Ry. to Paris, Texas. 125 miles, of which 14 trackage over St.
Louis Southwestern. In 1893 purohased by Mrs. Hetty Green. Stook,
$500,000; par, $100. Total current liabilities July 1, 1904, 1S1.960.970
For year 1903 04. gross, $457,826; n«t.$17,820, int. on bonds,$45,000
Pres., E. H. R. Green, Terrell, Tex.— (V. 63, p. 839.)
Orleans
{See Map So. Pac.) —Houston, Tex.,
Texas
to Orange i8ablne River), 112 miles; and Sabine Pass to Dallas, 312
miles, completed May, 1903; Houston to Clinton, 8 miles; Nome to Sour
Lake. 8 miles; total 440 miles.
A line from Dallas, Tex., to Sabine Pass was completed in Apr., 1903.
Securities Etc.—The stock is $5,000,000, all of it being owned by
the Southern Pacific First 7s are purchased by the sinking fund at
not over 110. There were also June 30, 1903, $325,422 Texas school
fund 6s, int. M.&N., principal payable 2 p. e. per annum. Lands un
sold Jnne 30, 1903, 490,090 acres.
The first mortgage of 1900 secures bonds at $20,000 per mile on the
road extending from Rockland to Dallas, Tex., about 218 miles, a part
of which was purchased In 1899, and extensions hereafter acquired or
constructed up to 40 miles. V. ~0, p. 997; V. 71, p. 183.
Equipment
bonds, $1,156,000 6s, due $68,000 semi-annually Oct., 1904, to Oct.,
1912. all owned Dy So. Pac V. 76, p. 1302; V. 77, p. 2 160.
Earnings.— 7 mos.,
) 1903-4
Gross, $2,253,290; net, $524,114
July 1 to Jan. 31.
Gross. 1,917,719; net, 323,53*
S 1902-3
In year ending June 30, 1903, gross, $3,157,685; net, including
other income, $440,632; surplus over charges and taxes, $42,109.
In 1901-2, gross, $2,970,724; net, $546,728.— (V. 77, p. 2281.)
Texas
Pacific Ry.— (See Map Mo. Pac.)—New Orleans, La.,
west to El Paso, Tex., 1,150 miles; Marshall via Texarkana Juno, and
Whitesboro to Fort Worth, 315 m.; branches, 362 miles; total. 1.827,
of which 92 miles, Sierra Blanoo to El Paso, trackage, owned 1,735 m.
Organization.—In 1888 reorganized by the plan In V. 43, p. 164, and
V. 45, p. 401, without having the foreclosure sale confirmed!, thus preserving the original Federal oharter. Land assets Jan. 1, 1904, were
64,575 acres, land notes $31,930 and $15,020 oash.
Stock.— Authorized, $50,000,000; issued. $38,763,810; par, $100
Mo. Pacific Deo. 31, 1903, owned $6,525,000 stook.
BONDS.-See 1880 mortgage abstracts, V. 47, p. 82; V. 78. p. 1448.
The Weatherford Mineral Wells & Northwestern ($500,000 5s of 1902)
are guaranteed, principal and Int., by indorsement. V. 78, p. 344.
The Louisiana Branch Lines mortgage will oover all branches oonstruoted or acquired in Louisiana at $12,500 per mile, but not to exceed in the aggregate $7,000,000. V. 72, p. 577, 1189.
Diterest scrip, income and land grant bonds (a stook liability, retlrable under reorganization agreement), $113,917; other scrip, $7,775;
$438,000 Eastern Division 1st 6s were called for redemption on Mar.
1. 1899, $105,000 on Mar.l. 1900, $118,000 on Mar. 1. 1901 $123,000
on Mar. 1. 1902, $126,000 on Mar. 1, 1903, and $133,000 on Mar. 1,
1904. Equipment obligations Apr. 1, 1901, due 1901-13, $2,137,160.
Finances.—On second 5s there is no right to foreolose unless default
is made on first mortgage. The company has been spending its earnings in needed improvements; in 1900-02 made 1st payment on lnoomes,
viz., 1 »« p. c; in 1901, 4 p. c; since to Mar. 1, 1904, 5 p. 0. yearly.
In Feb., 1904, all except $980,000 of the Texas & Paoiflo seconds
had been exchanged for 65 per cent in new St. Louis Iron Mountain
& Southern gold 4s. See Iron Mountain statement following Missouri Pacific. V. 68, p. 525, 619, 725, 774; V. 70. p. 533. In Mar.,1903,
$1 438,125 second mortgage incomes were subscribed for, raising the
amount outstanding to $24,676,000.
Earnings.—Jan. 1 to Oct. 514, 1904, gross, $8,601,568; 19C3, $8,644,
080. For 3 mos. ending Mar. 31, 1901. net, $861,787; other income
$14,821; charges, $381,977; bal , sur., $494,631
Annual Report.— Report for 1903 was In V. 78, p. 1163.
Tear ending Dec 31—
1903.
1902.
1901.
Miles operated
1,827
1,697
1,684
Gross earnings
$12,094,744
$11,236,601 $11,769,942
Net earnings
$3,808,638
$3,484,311
$3,735,491
Other income
171,485
147,830
363,135
& New
RR.—
&
Total net income
$3,980,123
$3,632,141
$4,098,626
Interest on nrot mortgage... $1,473,354
$1,428,459
$1,393,814
Interest on 2d Incomes
(5%) 1,161,900 (5%) 1,16 ',900 (5)1.161,900
Fire claims (year 1894)
163.H42
Taxes
Imp'ts, equip't, disc, etc...
Miscellaneous
296,053
1,250,334
21,660
291,484
284,514
'37.424
Balance, surplus
,.def.$223,178
x$556,202 x$l,251,428
x From accumulated surplus was paid for betterments, equipment, etc., $2,07,368 in 1902; in 1901, $926,366; in 1900, $636,612,
-(V. 77, p. 90, 825; V. 78, p. 344. 704, 821,1163,
1448, 2395.)
Texas Sabine Valley & Northwestern Ry.—V. 73,
Texas Short Line RR.— Grand Saline, Tex., to Hoyt,
p.
139.
9^a miles;
extensions are proposed, viz : one southeast via Canton and Maybank
to Corsioana, 65 miles, and northeast via Quitman to Pittsburg, about
45 miles. Stock, $10,000. In Mar., 1902, Texas RR. Commis-don authorized $185,785 bonds.
Pres.. Fred'k R. Blount. 26 Broadway, N. Y.;
Asst. Treas., John Mulholland, 38 Park Row.— (V. 78, *. 1393.)
RAILWAY STOCKS AND BONDS.
1*74
RAILROADS.
Miles
of
see notes
Par
of
46 1852
RR.— 1st M., due 1882 and extended, gold.
Extension bonds
46 1875
Elmira State Line Railroad 1st mortgage, guar..
7 1875
Toleio<6 Ohio Central— 1st M.,g. (V. 53, p. 436). Ce
196 1885
Western Div. 1st mort. for $2,500,000, gold.N.C" Text. 1892
General M. (V. 62, p. 594) ($2,000,000), g. Ce..o
335 1894
61 1901
St. Mary's Div. 1st M., g., $500,000. Mo
o
do
1st pref. inc., $J 00.000, non oum.4%.Sr
61 1901
Car trusts July 1, 1904 (principal due monthly)
Guaranteed Bonds.
K.& H.C AC.M.g $3,500,000 s.f.red.HOaf.'lllTIo
1901
1902
Cont. Coal, 1st M., g., s. f., red. 110 af. '12. S
Kanawha A Michigan Ry — See that company.
Tol. & O. C. Ext., 1st M. (foreclosed), int. only gu.
1888
oledo Peoria & West.— 1st M., (for $5,000,000) g.o* 230 1887
Deben. scrip (secured by 1st M. coups, in trust).
1904
Toledo Ry. <& Term. 1st M., $3,500,000, g gaar.c*
1902
Tol. Riverside 1st M.,g.,red.l02 12,toMar'09,guar.
Toledo St. Louis dt Western— Com. stocir,$10,000,000
Preferred stock, 4 p. c, non-cum., $10,000,000
.
Prior lien mort. $10,000,000, gold
F cAr 451 1900
451 1900
1st M., g.. $6,500,000, red. aft. July,1925.Col.cAr
foledo Saginaw <t Muskegon 1st mortgage..
96 1888
k/C"J
234
foledo Walhonding Val. d Ohio— Stock, $4,000,000
1891
1st mortgage ($20,000 ) A, g«. p. & Lend. Fo"
(
3*> 234 { 1893
per mile) $4,000,000, > B,
do
c
3*)
1902
gold
do
o.
)C,
t
88 1896
Tor. Ham. <t Buff.—1st M., g., $40,000 p. m. A Be*
gold
2d mortgage, $1,000,000,
88 1904
42 1902
Transylvania— 1st mortgage, gold ,$350.000
Trav. Oily Leel. dt Man.— 1st M., $300,000, g... c<fcr
30 1902
26 1883
Traverse Oity RR. — First mortgage, gold
Trin <£ Braz.Val. 1st M.,$20,000per m..sr.,Ted.OB
1904
.
"
,
,
.
,
—
,
$500&c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
300,000
4,895,000
220,275
3,500 000
150,000
9,995,000
10,000,000
9,000,000
6,500,000
1.662,000
3,000,000
1,500,000
978,000
1,453,000
3,280,000
See text.
341,000
300,000
250,000
See text.
1,606
1,000
100
100
l.ono&c
1,00(
&0
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
($37 5,000 authorized issue) dated July 1, 1902 ($1,000 eich) subject to
call at par, each certificate being secured by deposit of S2.000 of the
1st 5s: outstanding, $160,000; U. S. & Mexican Tru<t Co., trustee.
See V. 76. p. 159.
For year ending June 30, 1903, gross, $112,239;
net, $28,603. (V. 78, p 769; V. 79, p 270, 787, 905, 1333.)
Tioga
See Supp. of July, 1894. Stock, common, $391,200.
and $189,700 preferred; par $50.
Toledo Ohio Central Br.— (See Map)— This road includes:
Lines owned.
Miles.
Miles.
Trackage C37 miles.)
Toledo to Bremen
173 Walbridgeto Toledo
5
11
Alum Creek to Truro Juno
4 Bremen to New Lexington
New Lexington to Corning. ... 13 To Chauncey Carrington, etc. 30
BB.—
A
,
Mary's, V. 73, p.
St.
Total operated
441
Kanawha & Mich. (which see).. 177
Total owned
395
In June, 1901, the Hocking Valley Ry. had acquired all except
$54,100 of the *6,500,000 common and $11,600 preferred stock of
the $3,708,000 in exchange for 70 per cent of Hooking Valley stook
of the same class.
V. 69, p. 1347; V. 71, p. 810. See also Hocking
Valley item, V. 69, p. 1345; V. 71, p. 865. Operated separately.
Dividends.— On common: In 1891, 2 p. o.; 1892, 4; 1893,2 On
pref. April, 1890, to July, 1896, Inclusive, 5 p. o. yearly. None since.
Bonds.— Western Division mortgage oovers the road from Toledo
to Truro Junction, 139 miles, and also (subject to the first mortgage of 1885) the rest of the property. See V. 55, p. 322, 545, 590, 625.
The Toledo A Ohio Central guarantees the principal and Interest of
the Kanawha A Michigan first mortgage bonds (see that company) and
Jointly with Hooking Valley Ry. the K. A Hook. Coal dc Coke boids
(see V. 74, p. 271; V. 77, p. 2393) and Continental Coal Co. bonds (V.
75, p. 499); also guar. int. only on $300,000 T. & O. Cent. Ext. 5s
(foreclosed). Speoial equipment and betterment loan June 30, 1904,
$546,612. St. Mary's Division bonds cover line from Peoria, O., to St.
Mary's, 60 miles, acquired in March, 1901. V. 72, p. 284, 628.
Earnings.— 2 mos. Gross.
Oth. inc. Charges.
iV><.
Balance
July 1 to $1904.. $753,305 $273'996 $14,657 $76,075 sr.$21 3,578
Aug. 31.. 1 1903..
688 304 198,752
656 7»,853 sr 120,555
Annual Report.— Report for 1903-4 was in V. 79, p. 1329. Of total
tonnage in 1904, 71 p. o. was bituminous coal.
Tears end. June 30—
1904.
1903.
1902.
1901.
Gioss earnings
$3,598,684 $3,446,747 $2,877,659 $2,571,722
Net earnings
927,331
907,063
705,556
720.582
Other inoome
109,403
31,937
17,589
7,424
Total net Inoome.
Interest, taxes, eto
.$1,036,734
605,434
.
$939,000
613,575
$723,145
583,540
$728,006
517,651
Bal. for year.
...sur.$431,300 sr.$325.425 snr.$139,605 sur.$210,355
Pres., N. Monsarrat— (V. 77, p. 825, 1290; V. 79, p. 1329.)
Toledo Peoria A Western By.— (See Map
—Owns from
of Pennsylvania RR.)
Either. Indiana State line, to Warsaw, 111.. 220 miles La
to Iowa, El., 10 m.; Jointly with Wabash, 1 mile; 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 $4,500,000 (par $100), of
which $423,100 in treasury in 1904. Mort. abstraot, V. 45, p. 242.
In October, 1894 (3 coupons), were paid $5 In cash and $15 fn debenture scrip. (See V. 61, p. 514.)
Equipment trust June 30, 1904,
;
Harpe
A
$328,088;
bills
payable, $331,191.
Earnings -3 mos.
1 to Sept 30
1904
Gross, $341,137; net, $76,413
1903
Gross. 336,720; net, 83 554
8ur. over 3 mos. charges, $7,346 in 1904, against *14,529 in 1903
annual Report.— Report for 1902-03 In V. 78, p. 45:
Gross Earn'us.
Net Revenue. Int. dt Taxes. Balance.
Tear.
1903 04
$1,308,716
$278,736
$277, 18R
$l,f47
1902-03
1,239.973
273,149
270.305
2,%44
-(V. 75, p. 612; V. 77, p 770; V. 78, p. 45; V. 79, p. 734
July
)
S
)
Toledo By.
A Terminal Co.— Owns
a single-track belt road,
28 5 miles in length, opened Oct.. 1. 1903, around the city and suburbs
(Including two bridges across the Maumee River), oonnectlug with 16
roads entering the city, with 2*2 mile branch to terminal station; total,
31 miles; to t<e double-tracked later. Facilities will bo used by the
Cln Ham. & Dayton, Toledo A O. Central, Tol. Angola A Western, 'ere
Marquette, Detroit A Toledo Shore Line, Pennsylvania, Wheeling &
Laks Erie aad Ann Amor, oars being also interchanged and handled
for all the steam lines entering the city and various electric lines
V.
Toledo Angola A West
73, p. 617; V. 77, d. 770; V. 78, p. 2 143, 2600
ern Ry. [ $300,000 stock] will build to Indiana State lin". V. 75, p.
291. Stock authorized. $5,000,000; outstanding, $3,100."00. **ere Ma'
qnetteand (in. Hani. & Dayton, which have perpetual traffic rights and
use of terminal facilities, guarantee the bonds jointly and seveially,
5
M.
g.
7
7
A.
A.
5 g. J.
5 g. A.
N. PhiL.Newbold's SonACo Nov. 1, 1918
O. Elmira, ChemungCo.Bk. Oct. 1, 1905
<fe
A
&
A
A
A
A
do
do
Oot. 1,
Central Trust Co. July 1,
do
do
Oct. 1,
do
do
June 1,
do
Feb. 1,
do
do
Feb. 1,
do
To Aug.
O.
J. N. Y.,
O.
D.
J.
P.
A.
earned.
5 g.
500,000
4g.
500,000 Oct 1, if
M'nthly
795,335
5 &6
3,000,000
2,750,000
t-tke plaoe, it «ai stated, on December 6. Claims approved
amounted to $72«,0u0 V. 79, p 2U, 787, 905. 1333. Stock, $79.^80
Bonds outstanding, $225,000 first 30-year gold 5s, dated July 1, 1902,
int. J. & J.
In July, 1903, Texas RR cominisi-ioners authorized $199,000 additional. V 77, p. 148. Collat trust 3 year 7^ p. c. gold certs.
Peo, to
2,500,000
2,000,000
1,000
1,000
dered to
145
660. 60
$239,500
265,000
160,000
3,000,000
1,000
Texas Southern By.— Marshall, Tex., on Tex. & Pac, to Winns
ontheM.K. AT.„72miles. On Tuly 11, 1904,8. P Jonesof Marshall, Tex., was appointed receiver. On Sept 26.1901, sale was or-
Thurston
Outstanding
500 &o.
boro,
to
Amount
Road. Bonds Value.
tables.
Tioga
Whitmore
Bonds— PnnclINTEREST OR DIVIDENDS.
pal.WhenDue,
Rate per When Where Payable, and by Slocks—-Last
Payable
Whom.
Cent.
Dividend.
-
For explanation of column headings, &c,
on first page of
[Vol. lxxix.
)
5 g.
J.
5
F.
g.
&
4
5
5
N. Y., Am. Ex. Nat. Bk. July
N. Y., Farm. L. & T. Co. Jan.
&Tr. Co. July
N. Y., U.S.
1,
1,
1,
1,
Mch.
1,
1938
1917
190?
1954
1927
do
Feb.
Nov.
M.
g.
g-
J.
g.
M.
A
To be in voting
To be in voting
M
8.
tr
tr
ust for five years
usl for five years.
July 1, 1925
J. N.Y., Cent. Trust Co.
Apr. 1, 1950
do
do
O.
J. All owned by Gr. Trunk Julv 1. 1918
All owned by Perm. Co. Dec. 31,' 03,4%
J. N. Y., Farmers' L'n & Tr. July 1, 1931
&
&
A
4*2 g. J. A
4!flg. J. & J.
4g. M. & S.
4g. J. & D
4 g. J & D.
5 g. J. & J.
5 g. A. & O.
3 g. J. A J.
3"3g. J.
4 g. A.
5
J.
5
1951
1952
.T.
do
A.
A N.
A J.
Jan.
4^g. J. & J
5
P Morgan A Co. July
A
M.
g.
1,'OS
1,
1,
N.Y.,
J.
A
190P
1935
1935
1935
1951
1951
S.
do
do
N. Y., Bost. A London.
York.
New
N. Y Standard Tr. Co.
do
do
,
1
July
1,
Sept. 1,
June
June
July
Union Tr. Co., Detroit. Apr.
N.Y.,Winslow,Lan.ACo Jan.
Old Colony Tr.Co ,Bost. Mar.
1,
1,
1,
1,
1,
1,
193S
1942
1S*46
1916
1932
1952
1883
1934
principal and interest, by endorsement. V. 78. p. 2443, 2600; V. 79, p153, 6^8. The Commonwealth Trust Co. of St. Louis ismortgage trustee
V. 74, p. 1140. The Toledo Riverside Ry. bonds are guaranteed by
endorsement as to principal and interest by the Tol. Ry. A Terminal
Co.. Cincinnati Ham. A Dayton and Pere Marquette; they may be
called for redemption at 102 >s up to March 1, 1909.— V. 79, p 968.
President, H. E. King. -(V. 79. p. 153, 628. t>68, 1333.)
Toledo St. Louis K.
See Toledo St. Louis A Western below.
Toledo Saginaw
Ittuttkegon By.— From Muskegon, Mich., to
Ashley, Mich., 96 miles. The Grand Trunk of Canada owns We $1,600,
000 stock; bonds have a trattio guaranty. V. 71, p. 85; V. 72, p. 338.
Oal. Tear. Cross.
Net.
Interest.
Deficit. Traf.guar.
C—
A
A
1903
-(V. 71,
$141,715
$83,100
$14,479
$68,621
$13,342
p. 31, 85.)
A Western RR,-
Toledo St. Lou i*
Road— Owns from Toledo
to East St. Louis, 451 miles (6H3 and 70 lbs. steel);. sidings, eto.. 107
miles; also has trackage to St. Louis and Toledo Union depots. Owns
Jointly with the Grand Trunk Western Ry. all the stock of the Detroit
Toledo Shore Line Ry., Detroit to Toledo, 51 miles.
Organ.— Successor of Tol. St. L. A Kan. City foreolosed.V.70,p. 1196.
Voting Trust.— Both classes of new stook will be vested for five
years in the following voting trustees : Frederic P. Olcott, Thomas
A
H
Hubbard and William A. Read, who may
sell
the stook at any time,
subject to the approval. of a majority of each class.
Bonus.— Of the prior lien 3^8 $1,000,000 is reserved to be issued
after Januaryl, 1902, at not over $450,000 per annum. Additional
first mortgage bonds, not to exceed $10,000,000, may be issued at any
time to retire the prior lien bonds. The Detroit A Toledo Shore Line
4s present issue, $2,000,000) are guaranteed, principal and Interest,
jointly with the Grand Trunk Western Ry. V. 76, p. 655.
Latest Earnings. From July 1 to Oct. 7, 1901, gross, $1,048,352
against $905,112 In 1903.
Report.— For year ended June 30, 1903, was In V. 77, p. 1530.
Tnte-est. Taxes. BaL.surp.
Tear.
Net.
Oth. inc.
Cross.
1902-03..$3,111,358 $854,382 $9,V56 $575,000 $117,000 $171,638
1901-02.. 2,640,880
575,000
104,400
55,690
725,447
9,643
Officers. -Chairman of the Board, Wm. A Read; President, T. P
Shonts; Sec. and Treas., Joseph H. Seaman.
Directors— William A Read (Chairman), F. P Olc^tt, Henry Budge, Thos.
H. Hubbard, ChHS. H Tweed, J Crosby Br.iwn J. J. Emery, C. S. W. Packard,
T. P. Shonts, Edwin Hawley and H. S. Huntington.
Offlce,44Pine8t.,N.Y.-(V.77,p. 1295, 1530; V. 78, p. 49, 230.)
Toledo Walhonding Valley
A
Ohio
RR.—Owns
road in
operation from Toledo Junction to Toledo, O., 80 miles, and from
Loudonville to Coshocton, O., 45 m.; 8andusky to Columbus, 109 miles,
purohased Oct., 1902, (V. 75, p. 907, 982, 1088). Total owned, 234
miles; trackage (Pitts. Ft. W. A C.) to Mansfield, O., 7 m.; total, 241 m.
Lease, Etc.— Leased for net earns, to the Penn. Co., whioh guarantees the bonds and owns all the capital stock.
Earnings. -For year ending Deo 31, 1903, gross, $2,277,205; net,
$250,261; other income, $81,195; interest, charges and inop'ts, $273,600; divld's, $120,000; bal., def., $62,144.— (V. 75, p. 907, 982, 1088.)
Hamilton to Waterford,
BuflTalo
Toronto Hamilton
Ont., 43 miles; Hamilton to Welland, 38 m.; branohes, 7 m. (See V.
62, p. 319.) Under traffic agreement with N. Y. Central, Michigan
Central, Canada Southern and Canadian Paoiflo, Interest is practloally
guaranteed. See V. 68, p. 475, and advertisement in Chronicle of
March 11, 1899. Of the stock, $2,500,000, 19 p. o. Is held by Canadian
Paciflo and 51 p. o by N. Y. Central. V. 61, p. 753; V. 63. p 359; V.
68, p. 475, 1134; V. 69, p. 29. In Oct , 1904, a second mortgage for
$1 ,000,000 was filed. V. 77, p. 351 V. 79, p. 1705. For oalendar year
1903, gross, $619,517; net. *208,725; int. on bonds, $131,200; bal.,
surp., $77,625. V. 78, p. 1968, 2336; V. 79, p. 1705.)
Trans-Alaskan.—V.73, p. 786. Trans-Canada.—V. 76,p.ll»3.
Henderson vi lie to Lake Toxaway N. 0., 42
Transylvania
miles; exteni-lon to Leke Toxaway, 10 miles, being ope edAug. 8,l!i03.
Stock authorized, $420,000; par $100; outstanding, $355,000. V 68,
Mortgage trustee Is Mercantile Trust Co., Pittsburg. Year
p. 926.
ending June 30, 1904, gross, $58,818; net, $18,215. President, E. B.
Aloop, Pittsburgh; Be", and Treas., A. K. Orr, Brevard, N. O.l
RR.—
A
;
RR.—
Traverse City Leelenau
A
IUanlatlque
RR.— Owns Traverse
City, Mioh., to Northport, 30 miles, completed June, 1903. An extension of Grand Rapids A Indiana Railway, which owns one-fourth of
bonds and will operate the road under lease, the rental being the net
earnings, on adjustment of certain obligations. V. 76, p. 812; V. 78,
At Northport connection wlil be made by car ferry r^itL
p. 1448.
Manistique, on the Manistlque Marquette A Northern RR., owned by
the same interests. V. 74, p 777. Stock authorized, $500,000; par of
shares, sf 100. The Union Trust Co. of Detroit is mortgage trustee.
President, R. R. Methoany; Treasurer, I). W. Kaufman; Secretary, H.
B. Metheany.— (V. 76, p. 812. V. 78, p. 1418.)
Owns road from Walton to Traverse City,
Traverse City
Mich., 26 miles; opened in 1872. Leased in 1883 to Grand Rapids A
Indiana RR., but not included in the reorganization of that oompany
In 1896. The Grand Rapids A Indiana has acquired nearly all the
$205 000 stock and all the $190,000 of ft p o. income bonds V. 78,
For 6 months
p. 1448. Coupons 1st mort. all paid to July, 1904, lncl.
ending June 30, 1904, gross. $34,786; net, $2,677. For calendar year
1903 gross, $71,255; net, $6,934; Int. on bonds, $7,500.- (V. 78, p. 1448
RR.—
OfJT.,
J
904.
)
RAILWAY STOCKS AND BONDS.
•875
1876
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
'
Oct., 1904.
RAILWAY STOCKS AND BONDS.
J
Cleveland \J~
1877
/
xWilli;
(Warren
Lock Haver
n/n S
Y /L
R.
M
HARRISBURG*
[Urbai:
LADELPH
s
Wumingtc
itic*
"bm^-
VER
"ft\
Weston;
Ai'
I
v\M
.
i
I
v>
e
1 1
A
11
Q
JBE'LTO
J
IMC
.lis
•
AS"
s*
/
W
JcH^-l-^TON'
ieeMi
<*r
^
,!)
X>
v
lp
^--sr>
s
'<**
$r
;k
V
MAP OF THE
FLA.
Live
^t.Marks/j
UaK
\
PEN.
SOUTHERN RAILWAY
SYSTEM.
aM^CTK: Southern
—^
CO.
Railway- owned or leased
separately- Majority Stock. Owned.
Other lines in which the Southern Railway is interested.
ftp
_____
===== Trackage
Principal Connections.
Rights
IS
RAILWAY STOCKS AND BONDS.
1878
RAILROADS.
Miles Date
Size, or
Amount
of
Par
of
For explanation of coluun headings, <fec, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Troy dt Oreenbush— Stock, 7 per cent rental, N.Y.C.
6
Tuscaioosa Belt— 1st mortgage, $100,000, gold.Kc
9
Tuscarora Valley— 1st mortgage, $150, 000, gold...
27
Tuscurora RR., 1st M.(on ext.), $310,000, g.Mp.c
31
Ulster & Delaware Stock ($3,000,000 authorized)
Consol. M. for $2,000,000, gold.Ce
i'oi
.e*
Refunding mortgage, $3,200,00rt.s
c*cfer
VnadiUa Valley— 1st
"l9
$200,000, g., red. 110. ..
Union Pacific RR.— Common 8tock,$196,178,700
Pref. stock, 4 per cent,non-cum., $100,000,000..
1st M. Ry and land grant, $100,000,000 g.Me.
1,835
1st 1. conv.M., $87,257,000. g., red. text.Me.o&r 1,300
Union Pass.Depot.El Paso- 1st M.,g., S240.000 s.[f.
Union Springs <6 Xo— 1st M„ $1,000,000, g., red
7*3
United N. J. RR. <t Canal Co.— Stock, 10 p. o. guar.
General mortgage of 1 loan of 1908, gold
r 1«
'71 for $20,000,000, loan of 1923, gold
r
(now 1st mortgage) Uoanof 1929, gold
o<fcr
3 cs
w
FP, secures all loan of 1944, gold
c&r 00
equally.
j loan of 1951, g. p. & l.gu.
IN ^
United Verde <£ Pacific—', st M., $300,000. Mo., c
26
Utah Oenlral— See Denver & Rio Grande
Utica <t Black Rivei See Rome Water. & Ogdens BURG.
Utica Chen. <t Susq. VaL— Stock,6 p.c.gu. by D.L.&W
97
V tica Clinton <& Binghamton—Stock
1st mortgage, guar. p. & i. by D. & H., end .No.
31
Valley (N. T.)— Stock, 5 p. c. guar, by D. L. & W...
11
let mortgage (for $500,000) F
11
Valley (Virginia)—1st mortgage, $1,000,000
62
o
Vera Cruz <t Pac 1st M., $7,000,000, g.,' el. text, c* 265
Vermont <& Mass.— Stock, 6 p. c. guar, by Fitchburg
59
New bonds (see text) guar, by Fitohburg RR..
.
M
,
.
•
[
$50
1893
1897
1898
.
—
i",6b"6
100
100
1889
1,000
1881
1881
1904
1,000
1,000
1,000
1903
1,000
100
100
&
Trinity
Brazos Valley Ry.— Cleburne to Mexia, Tex., 80 m.;
Stock, $ 300,000; p. r $100. Bonds are subject to call an 110 and int. V.
79, p. 214. Pres., J.
B House; Vice-Pres. and Gen. Mgr, R. H.
Baker; Sec. and Treas., E. Sammons, Austin, Tex.— (V. 79, p. 214.)
H
Troy & Greenbnth RR.— Owns
from Troy to Rensselaer, 6 m.
p.o. on $275,000 stock
double track; leased to N.Y. Central in 1851 at 7
Tuscaloosa Belt Ry.—Owns about 9 miles of Belt road a.
Tuscaloosa, Ala. Stk. author $100,000; Issued, $26,000 ($100 shares.'
F. W. Monnieh, Supt. and Treas., Tuscaloosa, Ala.
Tuscarora Valley
Narrow-gauge road (3 ft.) Port Royal
to Blair's Mills. Pa., 27 m. Stock. $300,000: par, $50; issued, $150,000.
Year 1903-4, gross, $28,052. Pres., T. 8. Moorhea<L-(V. 67, p. 1162 )
,
RR.—
(The) Ulster & Delaware RR.— Owns from Kingston Point
(Hudson River), N. Y., to Oneonta, 109 miles, with branches, a total of
129 miles. V. 74, p. 42. As to refunding 4s of 1902. see V. 75, p. 667;
V. 79, p. 153. There are $1,400 Income 5s maturing July 1, 1905.
Trs.end.June 30. Cross.
Net.
Other inc. Int., taxes, etc. Bal..sur.
1903-04
$784,225 $222,030
$2,621
$160,216
$64,436
1902-03
699,132
216,460
3,363
159,332
60,491
From surplus ($64,436) in 1903-4, $50,000 was appropriated for
repairs and renewals. -(V.74, p. 42; V.75, p.78, 667, 1110; V.79,p.l53 )
Unadilla Valley Ry.— Owns road from Bridgewater to New
Berlin, N. Y., 19 miles. Successor to The Unadilla Val. Ry., sold in foreclosure Jan 4,1904. Stock, $200,000: par of shares,* 100. V.78, p. 104.
Bonds, see table above; V. 78, p. 149y. Lewis R. Morris is trustee.
Six moEthe ending June 30. 1904, gross, $18,494; net, $6,737. Pres.,
Lewis R. Morris. Office, 135 B'way, N. Y.-(V. 78, p. 104, 344, 1168.)
Electric Railways of London, Llm ted.—
p 920,974,1031,1250; V.78, p. 1499, 1551, 2386; V. 79, p. 1643.)
Union Pacific Railroad.— (See Map.)— The system embraces
Underground
(V.76,
:
—
Lines owned directly
Council Bluffs to Ogden
Miles.
1,012
Kansas City to Denver
Denver to Cheyenne
Lasalle, Co.,toJulesburg
Other branches, etc
...
640
106
149
1,222
Controlled— Practically Owned—
•Ore. Short Line RR., Granger, Wy., to Huntington,
Ore., Helena, Mon., to Frisco, Utah, etc
111,313
Oregon RR. & Navigation.. If 1,084
Leased
Tot. mainline
68
and br'nchs.3,129
Total all lines July 1,1904 5,594
U See these companies. * Also owns one-half interest In the San
Pedro Los Angeles & Salt Lake Ry., which see
HISTORY.— Incorporated in Utah July 1, 1897, to succeed per plan
of Oct. 15, 1895 (V. 61, p. 704, 705, and V. 64, p. 424), the Union Pacific
Ry., as stated to N. Y. 8tock Ex. in V. 66, p. 618; see also V. 67, p. 790.
In 1901-2 purchased $90,000,000 stock of the 9outhern Pacific Co., a
strong working control. V 72, p. 243, 284; V. 73, p. 446; V.75. p. 136.
During the fiscal year 19001, $41,085,000 preferred and $37,023,000
Northern Paoiflc common stock was purchased, the title being vested
tn the Oregon Short Line RR. On Jan. 1, 1902, the Northern Pacific
stock was paid off at par
common stock was
£referred and exchanged for $82,491,871and the the Northern Securiicreased
stock of
ties Co. and $8,900,007 cash, but see Northern Securities Co. and V.
78, p. 2442; V. 79, p. 214; also "General Finances" below.
Stock..— In 1899 stockholders authorized increase of common
stock from $61,000,000 to $96,178,700, and of preferred stock from
$75,000,000 to $100,000,000 in order to complete the company's oon,
trol of the Oregon RR. & Navigation and Oregon Short Line RR.
On Mar. 24, 1901, the common stock was further authorized to be
increased by $100.000,0< to provide for the conversion at the option
of the holders of the 1st lien 4s of 1901. V. 72. p. 392, 628. In July,
1904, $12,743 000 had been exchanged. V. 73, p. 1360.
'
Dividends
o.)—
1904.
) 1898. 1899. 1900. 1901. 1902. 1903.
3*3
On common
>
4
4
4
4
On preferred
3*3
4
4
) 1^
4
4
4
Bonds.— The first mortgage (M ercantile Trust Co., trustee) oovers the
1,854 miles composing the former Union Paoiho ana Kansas Pacific
lines, lnoludlng the telegraph, terminals, equipment, and, directly or
Indirectly, land grants.
Statement to N. Y. Stock Exoh., V. 66, p. 618.
The first lien convertible 4 per cent gold bonds of 1901, limited to
shown above, is secured by collateral formerly in the treasury,
amount
including $27,334,700 Oregon 8h. Line stock and $*,476,000 Income
B bonds and $23,944,900 Or. RR. & Nav. common and *9, 8 76,200
preferred stock, etc., and by first mortgage on about 1,025 miles of
branches. They are convertible at the option of the holder at any time
before May 1, 1906, into common s 'ock at par, and redeemable after
that date in whole or In part by the wmpany at 1024 per cent (in the
latter case to be chosen by lot)
To July, 1904, $12,743,000 of the
$100,000,000 originally issued had been exchanged and canceled.
V. 73, p. 1360. See mort. abstract V. 72, p. 1084. V. 72, p. 392, 776.
Lands.—The 1st 4sof 1897 covered lane 30, 1904, directly or through
beneficial ownership 4,396,6 54 acres of land, situated in Nebraska,
Wyoming, Colorado, Utah and Kansas, the value of which was estimated June 30, 1904, at $3,541,685; also further notes or contraots
for lands sold aggregating $6,322,601, and the lands for which,
See V. 67, p. 791. Total estiif not paid for, revert to the company.
mated value of lands and land assets June 30, 1904, $9,864,286.
During 1903 4, 1,037,793 aores were sold for $2,256,167.
ip.
$275,000
100,000
150.000
None Oct '04
100
1,900,000
1,000
1888
2,000.000
1902
1,000
700,000
1904 250 &0.
200,000
100 108,772.900
100
99,567,100
1897 500 Ao. 100,000,000
1901 l.OOO&o 87,257,000
1904
1,0<
(!)
1901
1,000
75,000
100
21,240,400
1878
1,000
841,000
1883
1,000
1,824,000
1889
1,000
6,020,000
1894
1,000
5,646,000
1901
1,000
5,669,000
1896
1,000
300,000
—
.
1,000
,
[Vol. lxxix.
INTEREST OR DIVIDENDS.
Rate per When Where payable, and
J.&D
7
5
g.
J.
J.
J.
<ft
Troy, N. Y.
N. Y., Kntckerb. Trust.
J. N. Y., Metropol. Tr. Co.
'5
L>.
&
& J.
5 g. J. & D.
4g. A. & O
4 g. J. & J.
4 in 1901 A. & O.
4inl904'A. & O.
& J
5g.
5g.
4
5
g.
5
10
f g
2 g
-
M
31
g
s
"
-
—
by
Slocks Last
Dividend.
Whom.
Payable
Cent.
Bonds-Prino\.
pal.WhenDae.
do
June 15 04,3i*
June 1, 1918
July
July
N. Y., Central Trust Co.
New
York.
1,
1,
1917
1928
June
do
1,
1,
1,
19'
1952
1934
Oct.
Office. 135B*way,N.Y.
N. Y. Office, 120 B'way.
Jan.
O
t.
1,
'04,
2%
Oct. 1, *04, 2%
do
July 1, 194?
do
May 1, 1911
do
M. & N.
1934
New York.
M.10&N. Bait., Intern'l Trust Co. May 1, 1931
Q.-J. Phila. and N.Y., Offices. Oct. 10, '04.2^
Sept. 1, 1908
M. & 8. Philadelphia Offloe.
Feb. 1, 1923
do
do
F. & A.
Sept. 1, 1929
do
do
M. & 8.
M. & 8. N.Y..N. Bk.Com. & Phil, Mch. 1, 1944
Mch. 1, 1951
do
M. & S.
do
J.
4,000,000
6
849,285 See text.
800,000
5
750,000
5
400,000
5
750,000
6
4l2g
6,000,000
3,193,000
6
3*3
See text.
&
&
&
&
&
&
&
&
&
J.
do
do
do
N. Y., Morton Tr. Co.
Jan.
1920
1,
N. Y., D. L. & W. RR. Nov., 1904, 3%
Utica, N. Y., On. N. Bk. Aug. 9, '04,2%
J. N.Y., Security &Tr. Co. July 1, 1939
J. N. Y., Del. Lack. & West. July, '04, 2 V*
N.
5AIO
Aug.
1911
1921
July
19£ 4
J.
O. Bost.,53 Devonshire St Oct.. 1904, 3^
May 1, U23
do
N.
do
do
A.
O.
All
do
owned by
B.
& O.
Oct.
1,
1,
1,
General Finances.—To provide
for the purchase of Southern Pastock and other properties, stockholders in 1901 subscribed at par.
to $1 00,000,000 first lien convert. 4 p. c. gold bonds. V. 72, p. 392, 340.
Stockholders of record Aug. 1, 1902, subscribed at 90 and interest
for $31,000,000 Oregon Short Line RR. 4 per cent and participating 25-year gold bonds, seoured by a like amount of Northern
Securities Co. stock; $5,000,000 additional bonds have been sold,
$13,500,000 are held as collateral for U. P. 5 p. 0. notes (see below)
the remaiuing $32,991,000 issued being held in the U. P Treasury. See
description of bonds under Oregon short Line RR., and abstractor
mortgage, V. 75, p. 243; V 75, p. 13fi, 395; V. 76. p. 384 In Oct , 19C4,
liquidation of the Northern Securitif s Co ordered by Court, was hung
up by suit of Union Pac. to recover its oontrol of North. Pao , and not
n erely a pro rata share of both North. Pac. and Gt. North, stock as
per plan. See V. 78, p. 1223, 1275, 1393. 1447, 1497; V. 79, p 270.
As to Southern Pacific Co. preferred stock (issue in 1904 to be $40,000.000), see that company. V. 78, p. 2443.
In July, 1903, 512 miles of the Oregon Short Line south of Salt
Lake City, including branches, was sold to the San Pedro Los Angeles
& Salt Lake Ry., tne Oregon Short Line acquiring a half Interest in the
San Pedro L. A. & S L., under construe' ion from Los Angeles to Salt
Lake; total paid on account of investment to June 30, 1904, was
$14,9^0,000. V. 76, p 920; V 77, p 38; V. 79, p. 1707, 1709.
In 1903 $10,000,000 5 p. c. notes ($5,000 each) secured by $13,500,000 Oregon Short Line 4 p. c. and participating bonds were sold,
due Feb. 1, 1905, chiefly for Southern Pacific requirements for acquisitions and improvements. The syndicate underwriting the loan
have an option to purchase the bonds. V. 77, p. 148.
Expenditures onU. P. system for Improvements and equipment during 3 years 1900-3, aggregated $3<V223.423. V. 77, p. 1226, 2109.
In Sept., 1904, Union Pacific interests, it was stated, acquired a
8. Fe Ry. (rumored to be
large interest in the stock of Atch. lop.
between $30,000,000 and $48,000,000) with a view to scouring harmonious relations between the two properties. V. 79, p. 3 33.
Latest Earnings— For 2 months ending Aug. 31 on 5,344 average
miles, against 5,324 in 1903, after deducting taxes
-»
Net Earnings.
Gross Earnings.
1903.
1904.
1903
1904.
July 1 to Aug. 31.
Union Pao. System .$9,477,692 $9,123,839 $4,432,097 $4,065,441
Annual Report— Report for 1903-4 in V. 79, p. 1699, 1707 (see also
editorial, p. 1674). Average train-load of system, 4 50-9 tons in 1903-4.
190102.
1902-03.
1903-04.
Tears ending June 305,710
5,762
5,353
Average miles
$55,279,231 $51,075,189 $47,500,279
Gross earnings
25,5 59,226
28,747,216
Operating expen. and taxes... 30,497,443
cific
,
A
1
—
,
,
,
$22,327,973
4,647,843
$21,941,053
4,580,602
$29,048,632 $26,975,816
Total income
$12,429,595 $11,675,703
Fixed charges
$23,4 ;0
$21,945
Int. on Or. Short L. incomes...
Dividends on—
5 »4
492
Ore. RR. & Nav.pf held by pub.
(4)3,982,248 (4%)3,982,064
Union Pacific pref
(4)4,350,H36 (4%)4,350,612
common
do
do
$26,521,655
$11,989,480
$28,926
Net receipts
Income from investments
....
$24,781,788
4,2€6,844
,
654
(4)3,981,552
(4)4,205,082
$6,315,961
$6,943,474
$8,263,466
Balance, surplus
Officers, Etc.— (July, 1904.)— President, E. H. Harriman; V-Pres.
Wm. D.Cornish; Gen. Mgr., A. H. Mohler: Sec, Alexander Millar;
Treasurer, F V. S. Crosby; Directors, Winslow S. Pierce, James Stillman, Marvin Hughitt, E. H. Harriman, Henry C. Frick, Thos. T. Eckert,
James H. Hyde Otto H. Kahn, Joseph F. 8mlth; George J. Gould,
Oliver Ames J. H. Schiff, Wm.G. Rooke'eller, Chas. A. Peabody and H.
H. Rogers. Office, 120 B'way, N. Y.-(V. 79, p. 1699, 1705, 1707.)
Union Passenger Depot Co.. fcl Paso, Ter.— V. 78, p. 704Union springs & Northern Ry.— Owns Union Springs to Fort
Davis, Ala., 74 miles. Bonds are subject to call o 1 and after May
1,1906, at 105; International Trust Co. of Baltli lore is mortgage
trustee. V. 76, p. 753. Car trusts June 39, 1904, *2,000. Year ending
June 30, 1904. gro'S, $20,812; net, $7,784; Int. on bonds, $3,5< bal.,
President, W. M. Blount; Treasurer, J. M. Elly. Office,
sur., $4,034.
Union Springs, Ala. - (V. 76, p. 753.)
Union Terminal Co., Cincinnati.— (V. 79, p. 214.)
Union Terminal Ry. of Sioux City.— Owns 13 miles of track
at Sioux City, la. Successor of Sioux City Terminal Ry. & Warehouse,
foreclosed in 1899. V. 70, p. 1292. Does switching on a wheelage
basis. Stock, $2,500,000, of which SI, 870,250 outstanding, all Issued
to the old bondholders. Over two- thirds of the stock has been deposited in a voting trust for five years. V. 71, p. 31. No bonds. For
year end. Feb. 29, 1904, gross, $67,721; def. under oper. exp., $7,961;
;
'
taxes and rental*-. $13,480; bal., def., $21,44*. Pres., Sydney L.Wright:
Gen. Mgr., B. S. Josselyn, 308 Chestnut St., Phila.— (V. 71, p. 31.)
Jersey Railroad & Canal Co.— (<See map PennUnited
sylvania R. R.) With other properties operated in connection tser»
with forms an important system of roads in Northern New Jersey, extending from Camden to Amboy and from Philadelphia to Jersey City,
with branches and connections, a distance of 4 68 miles; Hudson
River ferries to New York. 1 mile, and Del. & Raritan Canal from
New
Bordentown to New Brunswick and feeder, 66 miles. Phil. A Trenton
and Belvidere Del.— which see— are prinoipal leased lines.
Oct., 1904.J
RAILWAY STOCKS AND BONDS.
1879
RAILWAY STOCKS AND BONDS.
1880
RAILROADS.
For explanation of column headings,
on first page of tables.
&o., see notes
5% non-oum., $2,200,000.
General mortgage. $3,500,000
F
xo'
V. 8. & Pac. RR. prior lien mort., gold Ce
c"
Xirgma Midland—Bee Southern Railway.
Ta a Sovihw.-lst M. $2,000,000, gold, gu.Mo..
Wabash Pitts— 1st M., $50,000,000, g.ITIe..
c*<fer
24
24
1902
1904
1904
1878
1889
1889
1889
1889
1891
1899
1901
1901
1904
1901
1904
1904
1901
1902
M
2d mortgage, gold
o 1,009
p
Deb. M.,inc.,non-cum.,ser.A,red.par to'09.ITIe 1,542
Do do Inc. non-cum., series B, not red. Me 1,542
Det. & Chic. Exten. 1st M.,g.,s.f.,red. HO.Ce.c*
150
Des Moines Dlv. IstM., gold, $1,800,000. N.-.c*
97
.
i.44
Hen terminal mort $10,000,000. gold.Bc*&<Eaulpment bonds, $3,000,000 s. f.N...i... c&r
Do do series A, due $2,C00 semi- tnn
,
Three year collateral notes, red 10 1 after 1 year
Kans. C.Exc.Sp. & Nor. M.,g, guar. (V.72,p 185)
Columbia & St. Louis, $300,000, g., gu. p <fe l.SSi
Leased Line Bonds—
St. L. Coun. Bl. & O. 1st M. (option, V.75,p.l033)
Wabash Chester <6 Western— 1st mortgage, gold..o*
lstconsol. mortgage, $1,000,000, gold.SSt
c*
Wallkill Valley— Stock, 3k per cent, guaranteed...
1st M. (formerly 7s) guaranteed
2d mortgage income. 3k per cent. guaranteed
.
Lease.— Leased in June, 1871,
rental equal to 10 p.
o.
on
9
22
41
42
65
"33
33
.
2 000,000
1.000
l,000&c 20,000,000
1,000 20,000.000
468.000
1,000
1,000 33,011,000
1,000 14,000,000
3,500,000
1,000
100c 26,500,000
3.349,000
1,000
1,600,000
l,00o
3,000,000
1. 000
3,000.000
500 &c.
1,6"'. 000
1000 &c
i,obo&c
1,000
1,000
1,000
1877
1«77
1,000
1.000
RR
&
Utica Chenango
Susquehanna Valley Ry.— Owns Utloa,
H. Y., to Greene, N. Y., 75 miles ; branch to Richfield 8prlngs, 22 miles
total, 97 miles. Road opened October, 1872.
Leased to Delaware
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
& Blnghamton RR.—
Utica Clinton
Owns Utloa, N. Y., to
Randallvllle, N. Y., 31 miles. Leased during oontlnuance of ohartei
and renewals thereof to Delaware & Hudson Company, which
pays rental of $61,500 per annum. Operated by New York Ontario &
Western. The street lines owned are leased to Utica & Mohawk Valley
Ry. for $15,000 per annum. Capital stock, $849,285 (par $100),
dividends on $200,000 of which are guaranteed by Del. & Hudson
at 5% per an.; balance variable, 3% p. o. 1898 to 1903, inol.; 1904, 4%.
Valley (N. Y.)
Blnghamton, N. Y., to State Line of Penn.,
11 miles. Leased to Delaware Lackawanna & Western at 5 per cent
per annum on stock, the lessee assuming the interest on bonds.
RR.—
Velasco Brazos & Northern Ry.— See page 1912.
FVera Cruz & Paiflc By.—Owns from TCordoba, on the Mexican
to FantaLucretla,
203 miles, on the Tehuantepec National Ry.,
by which connection is had with Selira Cruz on Pacific OceaD, 114
miles distant, forming a thrrugh line from the Atlantic to the Pacific
Ocean; also branch from Tierra Blanca to Vera Cruz, on the Gulf of
Mexico, 62 milef; total, 265 miles. Stock, *5,0(0.<00 common, #2,500,000 first and $2,500,000 second preferred, all acquired in May,
1904, by Mexican Goverument, which guarantees bonds, pjin. and
intereft, by endorsement. V. 78, p 1783, 19b3; V. 7t>. p. 1933. 1643.
Bonds are subject to call at 110 to July 1. 1924, and on July 1,
1924, and therealter at par; of the issue $1,000,000 is reserved for improvements. Of the $6,000,000 bonds Issued $4,500,' 00 had interest
scaled to 1 p. c. to Dec. 31. 1905. 2 p. c. from Jan. 1, 1906. to Deo. 1,
1907, and 3 p. c. from Jan. 1, 1908, to Dec. 31, 1909; these have supplementary coupons attached, lepresenttng nalance of 4k p o interest, payable at Speyer & Co., New York, from fund deposited therefor.
President, Thonas Milan, Orizaba. Vera Cruz, Mcx.; VI e President
and Gen. Counsel, W. L. Marbury, Baltimore, Md. (V.79, p.1333, 1643
Vermont &. Massachusetts BB.— Road, Fltohburg to Green
field, Mass., 56 miles of double track; branch, 3 miles.
Leased to
Fitchburg RR. for 999 years at 6 p. o. on stock New bonds for $772,000
may be issued to refund the 5s due May 1, 1903, etc.— V. 76, p. 812.)
)
(
Vermont Valley RR.—Owns
Bellows Falls to Brattltbn-o,
Vt., 24 miles. Controls the 8ullivan County RR., Bellows Falls to
Windsor, Vt.. 26 miles. Operated by Boston A Maine as asent under
lease of Conn. River RR., the Vermont Valley reoeiving earnings over
charges with a minimum guaranty of 4 p. o. on stock. V. 76, p. 214
Dividends, long 6 p. c. per annum, in 1904, Jan., 4 p. c; July, 4 p o.
Earnings of Vermont Valley for year ending June 30, 1904, gross,
$330,635; net, $78,530; dlv. on Sullivan Co. RR., etc., $49,500; total
net, $128,030; interest, taxes, etc., $48,002; dividends paid, $80,000;
balance, surplus for year, $28.— (V. 65, p. 867; V. 76, p. 214.)
Vicksburg Shreveport & Pacific Ry.—Delta, La., on Mississippi River, via Shreveport, to Texas line, 188 miles. Of this, 17 miles,
Shreveport to Texas State line, Is leased to Mo. Kansas & Texas till
July, 1925. Successor on May 1, 1901, to V. 8. & P. Railroad, foreclosed per plan V. 72, p. 628, 676; V. 77, p. 38.
Stock, Etc.- Of the $3,500,000 general 5s, $1,323,000 are reserved
to take up at maturity the prior lien 6e and $355,000 for future requirements. Car trusts June 30, 1904, $118,479. On pref. stook, 1902
to 1904, inclusive, 5 p. c. yearly; on common, 2k p. c, Nov. 30, 1903.
Earnings.— From July 1 to Sept. 30, gross, $325,266 in 1904; $319.040 in 1903. Report for 1902-03 In V. 77, p. 2095.
Tear.
Gross.
yet.
Other inc.
Interest.
Bat., Bur.
$379,866
$10,057
$160,438
'$229,485
370,988
11,633
157,980
*224,641
* From surplus paid in both years 5
p. o. on pref. and in 1933 04, 2k
p. c on common; in all for year 1903-04, $178,552. -(V. 73. p. 1157:
V. 75, p. 1 1 99; V 77, p. 38, 2095, 2282.)
Virginia & Southwestern By.— Owns from Bristol, Va northerly to Big Stone Gap and southerly to Mountain City, Tenn., 134
miles.
Stock, $2,000,000, all common, of whloh half owned by
Virginia Iron Coal & Coke Co <see miscellaneous companies tn
this Supplement), which guarantees the bonds unconditionally,
principal and Interest, V. 75, p. 348, 398, 736; V. 76. p. 273
In 1903-04
Issued $215,000 5 p. c. car trusts, maturing monthly for five years.
Earnings-2 mos.,)1904
Gross, $37,523; net, $39,705
July 1 to Aug. 31 <1903
Gross. 118.943; net, 30,729
Report for year ending June 30, 190 », was in V. 79, p. 1701, showing
,
gross $604,482; net, $188,867; charges, $126,292; bal.. sur., $62,575.
-(V. 79, p, 17()1.)
Wahntli-PitiMhiirsli Terminal Ry.— ' Ste Mapof Wabash RR
—Owns road extending from connection with Wheeling
Lake Erie
RR. near Jewett, O., easterly to Pittsburgh, Pa., about 60 miles,
opened July ?, 1901, and extensive terminals at Pittsburgh and majority of stock of Wheeling & Lake Erie (which see), thus controlling
&
I
g
-
& J.
& O
Dividend.
Bellows Falls.
July 1, '04, 4%
Boston, S. Dep. & Tr.Co. Oct. 1, 1910
Yearly. N. Y., Cent'l Trust
Co Nov.30'03,2k
do
Yearly
do
Aug.26,04, 5%
M. & N N. Y.,Farm.L. &Tr Co. May 1, 194;
M. & N N. Y., Central Trust Co. Nov. 1, 1915
J.
J.
&
&
A&
M &
P.
<fe
J N.Y.,Bk.ofMan.40Wall Jan.
cp.due Jne'05 June
u, 1st (1 yr.)
June
o. N. Y., Office 195 B'way. Oct.
N. N. Y. Central Trust Co. May
A.
do
do
Feb.
J. In Jan., '04 paid 3 p. o. July
1,
1,
1,
1,
1,
1,
1,
2003
1954
1954
19C8
1939
1939
1939
1,
1917
&
None ever paid.
6
& J.
See text.
5 g.
& J. N. Y., Central Trust Co. July 1, 1941
J. & J. N. Y., Sec. & Trust Co. Jan. 1, 1939
M. & S. N. Y., Knicker. Trust Co. Mar. 1, 1941
3 kg. A. & o N. Y„ Bowling Gr.Tr.Co. Oct. 1, 1941
J. & J.
New York.
Jan. 1, 1954
5 g. M. & s. N Y., Sec & Trust Co. Moh. 1, 1921
M. & N. N. Y., Bankers' Tr. Co To Nov., 1914
5 g
5 g. Seml-an N. Y., Equitable Tr. Co. May 10, 1907
4 g. J. & J.
St. Louis, Office.
Jan. 1, 1928
4g. M & N. N. Y„ Office, 195 B'way May 1, 1942
6
& J. N.Y., Office, 195 B'way July 1, 1908
j. & J.
N. Y., Nat. Bk. Com.
July 1, 1918
& J. July '94, pd. July 1, '96 Jan. 1, 1928
5 g.
3k
Q .— F. N. Y., Gr. Cent. Station, Nov., '04, ts %
* J.
do
do
Aug. 1, 1917
3k
i
J.
J.
,J.
421,000
300,000
390,000
330,000
250,000
330.00O
100
-
6g.
200,000;
1878
1888
1893
g.
i g
100,000
500
1,000
to the Pennsylvania
for 999 years;
stock, interest on bonds, taxes, etc.
1903 4. $1,426,751
1902 3. 1,268,522
5
2,700,000]
798.000J
6,160,000"
1,000
31, 1903, gross, $27,968,916; net
$7,046,248; other Inc., $221,481; Int., rentals, improvements, etc.
$5,098,509; dividends, $2,124,040; balance, surplus for year, $45,180
In 1902, gross, $26,582,639; net, $7,742,367— (V. 74, p. 682.)
,
2.856,500 2 k In "03
2.142, 800 5 In 1904
1,822,000
5
1,323,000
6g.
1,000
1,000
Earnings.— For year ending Dec.
Ry
$1,000,000 8 in 1904 J.
800,000
5
A.
1,000
Whom.
Payable
Cent.
100
100
136
1st mortgage, gold, ^$34,000,000)..Ce.c* 1,542
& Ch. Div. M gold, $3,000,000. K... c&r
Omaha Division, $3,500,000, gold.B
c&r
1880
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Slocks— Last
Amount
Outstanding Rate per
$50
1901
1885
,
let
Par
188
188
2d M $20,000,000, incomes to Jute, 1910
Wabash RR.—dt.L.K &N.on St. Charles Br'g.g. Ceo*
Tol.
Size, or
of
188
.
Wabash
Date
Road. Bonds Value.
Vermont Valley— Stock
1st M.,with $500,000 Sul. Co. RR. stock as col.W
Vicksburg dt Meridian— See Alabama & Vicksb'g
Vick Sh. dk Pac. Ry.— Com. stock, $3,000,000
Pref. stock,
Miles
of
[Vol. lxxix.
,r.
,i.
.1.
3^
M.
A
do
S.
do
Aug.
the easterly end of the Wabash system from Toledo to Pittburgh. V.
78. p. i908, 23 -6, 2443. Stock, $10,000,000, all owned by Wabash.
In Sept 19( 4, acquired a majorityof ihe $14,000,000 stO'k of Pittsburgh Terminal RR. & Coal Co embracing a belt line from Pittsburgh
to Clairton. Pa 20 6 miles, and Banksville Jet. to Banksville, 2 miles,
with sidings and about 15,000 acres of coal and 700 aores of surface
lands. V. 79. p 1024.
Bonds.— Both classes of bonds are secured by all property now
owned or hereafter acquired, including 60 miles of road owned, Pittsburgh terminals and new bridge over Monongahela River and further
by deposit of a controlling interest in the Wheeling & Lake Erie, viz.:
$11,870,000 common, $6,423,8 r second preferred and $S47,500 first
preferred stock, and also by a traffic and trackage agreement with the
Wheeling & Lake Erie and Wabash, under which the latter two companies pledge 25 p. o. of their gross earnings from trafflo interchanged
,
,
,
meet any d- flclency of interest.
Of the $50,000,000 first 4s ($20,000,000 present issue), $5,000,000 Is
reserved for improvements at Pittsburgh and the remaining $25,000,000 for additional mileage, acquisitions and future purposes. No first
mortgage bonds in excess of $35,000,000 are to be issued until the
full interest for the preceding year has been earned and paid on all the
outstanding first and second mortgage bonds. The second mortgage
bonds are entitled to interest at 4 p. c. per annum to June, 1910, Into
if earned, and thereafter become fixed interest bonds.
V. 78,
2386, 2443.-(V. 78, p 1784, 1908, 2386, 2443; V. 79. p. 1024, 1267.)
wabash Kail road.— (See Map.)— Embraces lines as follows.viz.:
Owns East of Miss. River. Miles.
Owns West of Miss. River.
Toledo, O., to East Hannibal,
Moberlyto Ottumwa, la
131
Camp Pt. and Elvaston, 111. 536 Salisbury to Glasgow, la., etc 15
Decatur, m., to E.St. Louis.. 110 Dea Moines to Moulton, la.
95
Juno, near Chicago to EffingBrunswick, Mo., to Counoil
ham and Altamont, 111
216
Bluffs, la
225
Streator to Falrbury
31 Excelsior Spr to Mil w Juno.
9
Edwardevllle Branch
8
Delrey ,near Detroit, to Butler 110
Total owned and leased
2,046
Montpelier, O., on line to DeTrackage, etc.
troit, to Clarke Junction,
Chicago to Clarke Junotlon..
18
near Chicago
150 Moberly to Hannibal
70
Attica to Covington
15 East Hannibal to Qulnoy
17
Champaign to Sidney
12 7 short lines to Qulnoy, DeToledo to Montpelier, O
50
troit, <feo
36
New Haven to Butler, IndL. 26 Other lines
54
Owns West of Miss. River.
Windsor. Ont., to Buffalo
275
8t. Louis to near Kansas City.
275 (Grand Trunk Ry. V 66, p. 812.)
Oentralia to Columbia, Mo. .
21
9t. L. Levee to Ferguson, Mo.
11
Grand total July, 1904 ....2,516
Also owns entire stock of Wabask-Pittsburgh Terminal Ry 60 miles,
whicii holds a majority of stock of Wheeling & Lake Erie Ry., 472
miles. See those companies.
History, <fec- Successor in 1889 to the Wabash St. Louis & Pacific,
which was sold in foreclosure. See Supplement up to January, 1889.
The Mo. Pac. system on Jan. 1. 1904. owned $8,500,000 pref. stock
and $5,435 000 debenture bonds, making $13,935,0o0 out of a total of
$82,000,000 stook and voting debenturas. V. 78, p. 1110.
Lease.— Entrance to Chicago is over chlo <fe West Indiana, of whose
stock this company owns $1,000,000 (dividends, 1896'04. 6 p. o. yrly.)
Capital Stock.—The stock Is $24,000,000 preferred 7 p. o. non-oum.
all outstanding; also $78,000,000 common, as inoreased Mar , 1901, of
which $38,000,000 has been Issued; $10,000,000 having be«n used in
1904 to acquire $10,000,000 of Wabash Pittsburgh Terminal Ry.; par,
$100. V. 7*. p. 704, 1224. 1963. Holders of the -'A" and "B* debenture mortgage bonds are entitled to one vote at stockholders' meeting
for every $100 of prinoipal, and to nominate one-half of highest even
clusive,
p.
.
,
number of board of directors.
Bonds.— 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 of the Mississippi at time of reorganization (1,542 miles); but
the second mortgage covers only 1 ,009 miles east of the river.
Debenture mortgage bonds are $3,500,000 series A (pref. in respect
to interest payments only) and $26,500,000 series B. If series B bonds
are not presentea at maturity, July 1, 1939, interest will continue
to be payable If earned. See stook above as to voting power.
Interest on > 1890 to 1893. '94. '95. '96. '97 to '99. '00 to Jan., '04
"A" bonds % < 6 yearly.
1
6 yearly (J. & J.)
In July 1904, the dividend was passed. V. 78, p. 2601.
The Detroit <S Chicago Extension bonds cover 150 miles, completed
May, 1893, from Montpelier, O., to Clarke Junction, 26 miles,
from Chicago. Mortgage is for $3,500,000; abstraot in V. 54, p. 1049.
The Des Moines Division bonds of 1899 ($1,800,000 authorized) oover
96 miles, equipment costing $250,000, etc. See V. 68, p. 574, and advertisement in Chron. Maroh 18, 1899: also V. 69, p. 335, 796, 1248.
The Toledo Chicago Division 4s of 1901 are seoured by a first Hen
on extensions constructed In 1901 from Maumee, O., to Montpelier. 50
miles, and from New Haven, Ind., to Butler, 26 miles, and by a lien
subjeot to the Detroit & Chicago ext. 5s on the present line from
Montpelier to Chicago, 150 miles. A. sinking fund retires $100,000
equipment 5s of 1901 annually at 108 for 5 years, then 6150,000 for
in
<fi
10 years and thereafter $200,000. V. 72, p. 185, 582, 822; V 73, p. 567.
Omaha Division 3ks cover CoueoII Bluffs, la., to Pattonsburg, Mo.,
144 miles V. 75, p. 686. Columbia & St. Louis RR., guaranteed
bonds, V. 73,
p.
338, 786, 1012; V.74,p. 1040; V.75,p. 686.
Oct., 1904.J
RAILWAY STOCKS AND BONDS.
18H1
RAILWAY STOCKS AND BONDS.
1882
RAILROADS.
Miles
Date
Size, or
of
Par
of
For explanation of column headings, &c, see notes
Road. Bonds Value.
on first page of tables.
Warren (N. J.)— Stock, 7 p. o. perp., guar. D. L. & W
1st consolidated (now 1st) mortgage.F
1st ref.M., $2,000,000, gold; gu. p. <fel F....c*&r
Wastimglon Otnt'i— 1st M., g., $15,000 rer mile.K
Wash,. <& Oolumb. Rivet
1st M., $2,500,000, g. F.c*
Income bonds, non-cum., $2, 500,000. F ...
Washington Co — 1st M g.,gu.,end ,r, d.text.Oe.c*
—
,
Wash.
<t
Frank.—1st M., $475,000,
g., int.
rental.
<t Western -See Southern Rt.
Weath.Min. Wells <£ No.— TstM.,gu.p.<fci.,end text N
West Chester— See Pennsylvania BR.
West Jersey <k Sea Shore RR.— Common stock
Special guaranteed stock (West Jersey RR.)
Camd. & Atl. con. M. ($650,000 5s; bal.6scoup.)
West Jersey Consol. mort. ($1,500 is scrip) .r
18
18
18
130
163
137
19
$50
1875
1,000
1900
1,000
1898 500 <so.
1895
1,000
1895
1,000
1904
1,000
1899
1,000
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Whom.
Cent.
Payable
Amount
Outstanding
7
A.15&0
7
$1,800,000
473,000
921,000
M.
& 8.
3^g. F. & A
Q.-M.
4 g.
4 g- J & J.
,853,000
2,498,000
2,245,000
2,500,000
3^3 g.
378,000
5 g.
500,000
5
1
. .
Woodstown
W. Jersey
&
<fe
Swedesboro 1st mortgage
o*
1st consol. M., series "A," g.c*
8. 8.,
Gold, Series "B." $1,500,000, gold
o*
0*
Gold, Series "C," $1 ,000,000
West Shore— 1st M.,gu. p.&i.,end.byN.Y.C.Un.c&r
West Virginia Central & Pitlsb.— 8tock, $25,000,000.
1st M., gold, $3,600,000 (V. 52, p. 204) Dip. c*
Piedmont & Cumberl'd, 1st M., int. rental, g.Me
Coal & Iron Ry.,lst M. V.71,p.ll66,«ra.,g Ho Ra
West Virginia <& Pittsb.— 1st M., g, red.Me.Ba..o*
.
79
128
11
310
310
310
479
132
29
45
159
1902
1,000
50
50
1881
1,000
1879 500 &C
1882
1,000
1896
1,000
1896
1,000
1896
1885 l.OOO&c
100
1881
1,000
1886
1,000
1900
1,000
1890
1,000
The $10,000,000 terminal gold bonds of 1904 will be issued to acquire
from time to time additional terminals at St. Louis and Kansas City,
Mo.. Chicago and Quiccy, 111., Toledo, O., Detroit, Mich., and other
places. Iu 190t «1, 66 i.OOO, covering freight terminals in St. Louis,
were issued. V. 76, p. 436, 753, 1032; V. 77, p. 512; V. 78. p. 288, 1448.
General Finances.— Completion in July, 1904 of the controlled
W^bash-Pittsbur^ch Term Ry (see that co. above) affords direct connecV. 78, p. 2386, 2 443; V. 79, p 10^4. A Gould
tion with Pittsburg.
syndicate has acquired the West Va Cent & Pitts and the Western
Maryland RR to obtain access to tidewater at Baltimore. See the two
last-named cos. In May. 19"2, another syndicate acquired control of
Ann Arbor RR V. 74. p. 1091, 1141; V. 76, p 544,1032; V 77, p 148.
In April, 1904, $6,160,000 three-year 5 per cent notes were sold,
chiefly to provide for tcmlnal facilities at Pittsburgh, the notes being
secured by the entire stock and $6,600,000 of 50-year first mortgage
bonds of the Wabash Pittsburgh Terminal Railway. V. 78, p. 1551;
also sold $810,00 equipment 5s. (V. 8, p. 1551.)
Traffic.— In 1903 4 oarrled 9,698,9 ^>5 tons; grain furnished 1763 p.
c, bituminous coal 25 91 p. c; lumber 5 51 p. 0., and live stock 3 78 p. 0.
Gross, $4,562,937; net, $1,198,301
Earnings -2 mos., 1904
Gross, 4,121,580 net, 1,261,502
July 1 to Aug. 31. S 1903
Report.— Annual meeting at 8t Louis second Tuesday In September.
Report for 1903-04 In V. 79, p. 1714; editorial, p. 1676.
1902.
1903.
1904
Year ending June 30—
2,486
2,483
2,517
Average mileage
$23,023,626 $21,140,831 $19,053,493
Gross earnings
J
$5,325,167
$5,206,057
Netearnlngs
$5. 40,118
'
4
>
From
rent of traoks,
&o
641,347
531,428
418.155
Total net income
$5,624,212
$5,981,465
$5,^56,595
$1127.930
$664,703
$750,159
2.019,592
1,751.229
1,620,066
Track, bridge rent, &o
3,034,513
on bonds
3,092,423
2,964.757
Interest
105,000
210,000
210,000
Div. on "A" deb
sur. $14,291 sur.$196,150 sur.$201,459
Balanoe
Officers.— Chairman of Board, Geo. J. Gould; Pres. and Gen. Man
ager, Joseph Ramsey Jr.; Treas.. F. L. O'Leary; Seo., J. C. Otteson.
Directors.— Messrs. O. D. Ashley, Thomas H. Ilubhard, Hdgar T. Welles,
James II. Uyde, J'>seph Ramsey Jr.,Georj<t; J. Uould, S. C. Reynoldt. John T.
Terry, Russell Sate, Winslow S. Pierce. Kdwin Gould, lienry K. McHarg
Taxes
and Cyrut J Lawrence.
Omce.-195B'way,N.Y.— (V.79,p 1024, 1638, 1699, 1714
Wabash Chester &. Western UK.— Chester, 111., to Mt. Ver
)
Coupons due July,
non, 111., 65 miles. Stock $1,250,000; par, $100.
1894, paid July, 1896. For year ending June 30, 1904. gross, $116,268,
net, $21,744; interest on bonds, $34,500; bal., def., $9,756.
Warren A Corsicana Pacific Ry.— See page 1912.
Warren KR., N. J.— New Hampton Juno, to Deia. Bridge, N. J.,
18 8 m. Leased in perpetuity to Dela. L. & W. at 7% on stock and interest
on bonds. See form of guaranty. V. 72, p. 628.— (V. 72, p. 45, 628.)
Washington Central Ry.-Owns road. Cheney to Coulee City.
Wash., 10s» miles; branch from Coulee City to Adrian, 21 miles; total,
130 milrs. Reorganization In Jan, 1898. Leased In 189s to Northern
Paclnc for 999 years at rental sufficient to pay Interest on new 50-year
fold 4s, to be,lssued at $15,000 per mile. (See V. 66, p. 953). The Nor.
ao. owns the entire $1,000,000 of capital stock.— (V. 67, p. 127, 691.)
-
Washington & Columbia River By.- Owns
road from
Day
ton, Wash., to Pendleton, Ore., 128 miles ; branches, 35 miles; total,
163 miles. Stock Is $3,000,000; par, $100. Additional flrst 4s
may be issued for extensions at $20,000 per mile. (V. 61, p. 70.) Nor.
Year ending
Pao. Ry. owns all the capital stock and Income bonds.
June 30, 1904, gross. $383,705; net (over taxes), $126,349; int. on lBt
mort., $99,920; surplus for year, $26,429.-(V. 66, p. 426.)
Washington County RR.— owns Washington Junction, on the
Maine Central RR., northeasterly to Calais. Me., 103 miles, with
branch to Eastpoit. 15 miles, and Princeton, 19 miles— total, 137 miles.
Successor Dec. 17. 1903, to rati oa t of same name, foreclosed. V 77,
p. 2340. The Maine Central owns the $2,500,000 stock and guarantees
the bonds, j'rincipal and interest, by endorsement, but road is operated independently. Bonds are issuable at $20 w per mile, being
subject t call at par and interest on Jan 1, 1924. From Dec. 18, 1903,
to June 30, 1901, gross earnings were $U9,53 5; net, $39,488; fixed
•
charges, $44,807; bal, def., $6,319.— (V. 78,
p. 989.)
Washington A Franklin Ry— See page 1912.
Wellington Grey Sc Bruce Ry.— V. 75, p. 1356; V. 77, p. 38.
Weatlierford ITIfnoral Wells & North western Ry.— Owns
Weatherford to Mineral Wells. Tex., 23 miles. Extension Is contemplated from Mineral Wells to Jacksboro and Graham, 70 miles.
Controlled by Missouri Pacitto interests.
Stock, $100,000.
The
Texas & P*citio guarantees the bonds ($1,354,000 authorized issue),
principal and Interest, by endorsement
V. 75, p. 90«, 1356. See
form. V. 7« p. 344 For year ending June 30, 1904, gross, $84,950; net,
$47,011; annual interest charge is $25,000. Prrsident, George J.
Gould; Secretary and Treasurer, J. W. Boot.— (V. 78, p. 50, 844.)
West Jersey &. Sea Shore K.K,.—(See Man Pennsylvania RR.)
Owns all the lines of tne Pennsylvania System in Southern New
,
Camden, opp. Philadelphia, to Atlantic City (59 m.),
Cape May, 81 m., etc.; total 330 miles. V. 62, p. 366, 871.
Jersey, Including
Camden
to
Bonds— Prmoi
oy
pal.When Due.
Stocks — Last
Dividend.
& W.
RR. Oct. 15/04, 3i«
inch. 1, 1905
Aug. 1, 2000
Men. 1, 1948
July 1, 1935
July 1, 1935
Portland, Me, Cent. off Jan. 1, 1954
Philadelphia, Pa.
Jan. 1, 1939
N. Y., Del. L.
do
do
do
do
N. Y., Knick. Trust Co.
N.Y.,Farmers'L.&T.Co.
Payable as earned. See text.
4
Washington Ohio
23
[Vol. lxxix.
g.
6,216,050 5 in 190
104,000
6
999,000
750,000
6
90,000
6
1,600,000
4 g.
3i« g.
1,500,000
1,00).0001
50,000,000
4
10,5 -S4. 00 3 igin '01
3.250,000
6 g.
650,000
5 g.
1,000,000
5 g.
4,000,000 (5) 4 g.
5&6
3^.
J.
J.
&
J.
& J.
F. & A.
M. & S.
J. & D.
J. & J.
M. & N.
M. & N.
J. & J.
J. & J.
J. & J.
J. & J.
See text
J. & J.
F. & A.
F. & A.
A. & O.
N. Y., Mercant. Tr. Co
Phila.,
Broad
St. Stat'n.
do
do
do
do
do
do
do
do
do
do
do
do
do
Aug.
1,
1930
Sep 15,'04,2is
June
July
Nov.
May
1. '04,
1,
1,
1,
1,
3%
1911
1909
1912
1936
1936
July
July 1
do
July 1, 1936
N. Y., Gr. Cent. Station, Jan. 1, 2361
Check from Co.'s ofltce. Mar. 25, 02. 2
N.Y.,FirstN.Bk.&Balt July 1, 1911
Bait., Hambleton & Co. Aug. 1, 1911
Balt.,Mer.Tr.& Dep.Co. Aug. 1, 1920
N.Y.B.&O.Of.,2WallSt. Apr. 1. 1990
Stock.—Common stock authorized, $8,076,000, of whloh the Penn.
RR. held Jan.
Stockholders in Oct., 1904, sub1, 1904, $1,692, -»50.
scribed to $1,264,000 new common stock, raising the amount outstanding to $6,216,050. V. 79, p. 1463; V. 67, p. 188.
Dividends.— Common, Sept., 1896, to Sept., 1904, inol., 5% yearly.
Bonds.— First consolidated mortgage is for $7,000,000, of which in
Jan.. 1903, $1,840,000 were reserved for prior lien bonds when due,
and $2,060,000 for improvements, etc, V. 62, p. 1179. In Oct., 1904.
$1,0<i0,000 additional 3>«8 were sold for improvements. Mortgage
trustee, Commonwealth Title Insur. <te Trust Co. Philadelphia.
Earnings.— 8 mos., < 1904
Gross, $3,077,083; net, $887,055
Jan. 1 to Aug. 31. (1903
Gross, 3,051,633; net, 849,455
Report.— Report for 1903 was In V. 79, p. 209.
Tears end. Dec. 31.
1903.
1902.
1901.
1900.
Gross earnings
$4,260,460 $3,893,799 $3,678,693 $3,490,457
Netearnlngs..
945,475
1002,391
918.943
934,276
In 1903 other Income, $5,649; interest on funded debt, rentals,
taxes, etc, $382,382; dividends at 5 p. 0. on oomtnon (and 6 p. 0. on
special guaranteed) oall for $253,843, leaving $314,900, all of which
was used for extraordinary expenditures and transferred to the extraordinary expenditure fund.— (V. 78, p. 1499; V. 79, p. 209, 1463.)
West Shore RR.— (See Map N. T. Central <& Hudson River.)—Weehawken, N. J., opposite New York City, to Bufialo, V. Y., with branches,
436 miles 8yr. Ont. & N. Y. RR. (owned), 8yraeusetoEarlvllle, 43 m.;
total, 479 m. 8uooe8sor of N. Y. West Shore & Buffalo, foreclosed.
Lease.— Leased in 1885 for 475 years to the New York Central &
Hudson and all earnings, Ac, inoluded in that oompany's report. The
610,000,000 of stock is owned by the New York Central Company
Bonds.— The bonds cover 479 miles of road, and also the terminals
at Weehawken. Abstract of mort. in V. 42, p. 176.— (V. 68, p. 332.)
;
&
West Virginia Central
Pittsburg Ry.— A railroad and coal
in 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 miles; Elkins Junction to Huttonsville, 17 miles; Elkins to Durbin,47 miles; branches to Elk Garden, Ac,
13miles; total owned 179 in. Leases Pied. ACumb. RR., 30 miles; 92
p. 0. of its stock is owned; lease of 1899 provides for interest on
$650,000 5 p. c. bonds, 5 p. 0. on $650,000 stock, etc. V. 69, o. 490.
History.— Main line completed in 1889. By acquisition of $2,700,000 capital stock of Davis Coal & Coke Co., the Railway Co. has
acquired about 50,000 acres of excellent steaming and coking coal
ana nearly 700 coke ovens; 107,095 acres of coal, iron and timber
lands are now owned and 1.764 leased, the mines producing about
5.000 tons of ooal and 1,000 tons of coke daily.
In 1902 control of the road was acquired by the Gould interest", the
entire stock being deposited as security under the Western Maryland
RR. mortgage of 1902. V. 79, p. 787.
Extensions.— The Coal & Iron Railway Co., whose entire stook
is owned and $1,000,000 bonds are guaranteed, was completed In Aug.
1903, from Elkins, W. Va., to Durbin, at the Forks of the Green
brier River, In Pocahontas Co., W. Va., 45 miles, to a connection
with a branch of the Ches. & Ohio from Caldwell, completed in July,
1901. See V. 71, p 860 and form of guaranty p. 1166.
As to Coal & Coke Ry., see that company. In 1904 a 110-mlle line
was ahout t>> be built from Belington to a point near Plttsbursr on the
Pittsburg Carnegie & Western Ry. V. 76, p. 10<2; V. 78, p. 2336.
oompany
Dividends
>
(Percent.)
$
1889 to
'94. '95 to '96. *97. '98. '99. '00. '01. '02
i«
1 yearly.
I 1* yearly. 1
1
2*a 3^i Mar. ,2
None
sinoe
Report.— Report
for 1900-1 in V. 73, p. 661.
Gross of
Net over
Other
Interest &
Bal. for
Railroad.
taxes.
income.
rentals.
div., etc.
190102
$1,311,531 $445,133 $605,080
$241,846 $808,367
1900-01
1,182,181
433,924
604,398
150,750
867,572
From surplus above shown In 1901-02 were paid dividends (4 p. c,),
$411,282 bal., sur., $457,085. Later earning are Inoluded in those of
the Western Maryland
"Other inoome" Includes profits of Davis
Coal A Coke Co. ($553,950) and real estate department ($111,130 )
Total ooal and coke shipments for year 1900-01, 1,628,714 tons; in
1899-00, 1,775,250 tons; 1,492,238 tons in 1898-99.
Pres., Joseph Ramsey Jr., New York.— (V. 78, p. 2386; V. 79, p. 787.)
West Virginia A Pittsburg
(See Map Balt.dk Ohio.)—
Clarksburg, West Va., to Richwood, W. Va., 120 miles, with branch, 6
miles; also from Weston via Buckhannon to Pickens, 50 miles; total, 176 miles. Leased to reorganized B. & O. for 999 years from
Sept. 1, 1899, per plan in V. 67, p. 1310, for four per oent on the
mortgage, all except $10,000 bonds being stamped with an agreement
reducing the interest from 5 to 4 per cent and the B &O. having option
to purchase bonds at par within 5 years on 60 days' notioe. V. 69, p.
439. 646. Com., $2,500,000, and pref., $900,000, all deposited by Baft.
& Ohio under its own Pitts. L. E. & west Va. system mortgage.
Bonds.— First mortgage covers road and its equipment and 134.842
acres of timber, coal and mineral lands In West Virginia.— (V. 71, p. 810.)
Year.
RR.—
Western (The) Ry. of Alabama.— Selma to West Point. 132 m.
Georgia RR. and Cent. RR. of Ga. each owns half the $3,000,000 stook.
Dividends) 1894 to 1896. 1897. 1898. 1899. 1900. 1901 1902. 1903.
(Per cent.) S 2 yearly.
3
5
4
2
4
4
For year ending June 30, 1903, gross, $933,802; net, $364,716;
other income, $5,503; charges, etc, $263,876; dividends, $120,000.
—
—
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
Miles Date
for explanation of column headings, Ac,
on
first
page of
see notes
tables.
M
132
....
....
$10,000,000, text B.c'&r
Gen. HeL. and oonv.
Leased Lines See statementof each company.
TfesiernN. Y. <£ Pennsylvania— Stock (see text)
.
—
586
586
586
West. N. Y. & P. 1st M., ($10,000,000), gold. Tle.c
o*
General M., $10,000,000, gold, see text.l'n
Income bonds, $10,000,000, gold, non-cum.FPo*
Mortgages and ground rents payable
Western North Carolina See SOUTHERN RT.
Western Patifit— 1st mort., $50,000,000, gold.B..
Western Pe7insylcania—8et> Pennsylvania RR.
Wheeling & Lake Erie— Cora., stock, $20,000,000...
1st pref. stock, 4 p. c, non-cum $5,000,000
1
50
1887
1895
1895
187
50
260
451
25
mortgage, gold, $15,000,000 ITIe...c*
Plttsb Lisbon A West. Ry., 1st M., red. at 105...
Toledo Dooh&Coal Co. 1st M., Int. paid as rental
Car trusts, Mch., 1901, pay'ble m'thly, qr. & ann
Equipment bonds, $2,500,000, g., 8. f ., see text. [Tie
*•
c&r
10
67
WhitedBl'k Riv.Vat. lstM.$800,o00,g.,int.gu.F.c*
White Pass <& Yukon— Stock £1,700,000
Consol. 1st mort. deben stock, red. after 1920.
Mortgage debentures (navigation bonds) red
Wichita Falls— 1st mort.,
1886
1888
1889
1899
1896
1883
1902
1900
1900
• -
110
18
red. at 1* 5, s. f.SSt.o
Wich. Vol.— lstM.,in. red.to3% to July,'07g.Mec*<fcr
g.,
51
100
100
100
1,000
1,000
1,000
1,000
500
i'.obo
1,000
1,000
- •
£10
1900 £10, &c
1901
£100
1895
$500
1890
1,000
Western Maryland RR.— Road— Baltimore toWilliamsport.Md.,
92 miles. Leases—Baltimore & Cumberland Valley Railroad ana
extension, Edgemont to Shippensburg, Pa., 34 miles Baltimore & Har-
•etc.,
;
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. <fe O., 14 miles, and Porters to
York, 17 miles; Washington & Franklin Ry., Hagerstowu, Md., to
Zumbro, Pa., 19 miles; total, 258 miles main line.
History.— In June, 1902, the Gould interests acquired from city ol
Baltimore and others nearly all the stock. Extension to tidewater at
Baltimore was opened in Sept 1904, and in time the road will be extended to the coal fields in We stem Maryland, West Va. or Pennsylvania. An extension Is being built from Cherry Run, W. Va., to Cumbeiland, Md., 60 miles, at a connection with the West Va Cent. 4
Pittsburg. The latter's stock has been deposited under mortgage of
1902. See Bonds below and V 75, p 186, 79, 31; V. 74. p 9a8, 989,
1091; V. 75. p. 1304; V. 76, p. 544; V. 77, p. 197, 2340; V. 78, p. 1111,
2386; V. 79, p. 782, 1267.
Stock.— Common stock. $60,000,000; outstanding June, 1904, common, $15,685,400; preferred, $324,000.
Bonds.—The new 1st 4s of 1902 (authorized Issue $50,000,000)
cover the entire property and the stock of the proprietary and leased
lines; also all of the [$11,000,000] stook of the West Virginia Central & Pittsburg and through the stook or the latter's subsidiary com
pany, the Davis Coke & Coal Co., 100,094 aores of coal land, 7,000
acres of iron ore lands and coal mines produoing about 2,000,000 tons
of coal and coke yearly, uf $25,000,000 first issue, $21,500,000
will be used for purchase of the properties and equipment for the
Western Maryland and provide for improvements, and $3,500,000 is
provided to build the 60 mile extension fromCtierry Run, West Va., to
Cumberland, Md., to connect the West Virginia Cent'l and the Western Maryland. The remaining $25,000,000 Is reserved as follows, viz.:
$7,481,300 to take up at maturity all the existing bonds of the Western Maryland and the West Va. Cen. <fe Pitts, and $17,518,700, under
oareful restrictions for additions and development of property of the
two railroad oo's, and providing terminals in Balto. V. 75, p. 550, 850;
;
;
.
V
79,
p
1<>24.
lien
The general
4
20,000,000
9,990,000
10,000.000
10.000.000
536,158
&
&
O.
Nov.
1.
J.
A.
"
I
5
g.
M.
&
J.
do
N.Y. N.Y.Sec'y&Tr.Co.
>
do
Fid.
Tr— When
do
earned.
S.
&
&
&
5g.
4g. M &
J. &
5
A.
5
A.
5g.
A.
5
J.
F.
g.
F.
&
&
&
&
—
Last
Dividend.
Stocks
Oct.
Oct.
Oot.
1,
1,
1,
1918
1952
1952
Jan.
Apr.
Apr.
1,
1,
1,
1937
1943
1943
Sept
do
8
£746,702
£255,555
$230,000
769,000
O. N.Y. GuarantyTrustCo.
O. N. Y., Merc. Trust Co.
g.
5g.
20,000,000
4,986,900
11,993,500
2,000,000
894,000
409,000
11,318,000
150,000
50,000
547,014
2,152,000
1,485,000
600,000
£1,375.000 See
&
&
pal,When Dae
1,
1933
O. N. Y., Mercantile Trust Oct. 1,
N. Y., Central Trust.
J.
July 1,
S.
J.
do
do
N. Y., Mercantile Trust
N.Y., Bowl.Green Tr.Co
1926
1928
Feb. 1, 1930
Sept. 1, 1949
July 1, 1926
Aug 1, 1908
To April, 1911
Jan. 1, 1922
Aug. 1, 1940
June 30, 1980
N. Y., Mere. Trust Co.
Office, Pittsburg.
J. N. Y., First Nat'l Bank.
5 g- J.
text. See text Off. 7 Moorgate St. ,Lon. Julyl5,'04,2ia
do
J. & J.
5
do
Deo. 31, 1930
J. & J. Lon., Glyn, M., C.
Co. Jan. 1, 1911
6
J
St. Louis, Mo.
Jan. 1, 1925
6 g. J.
3 (5) J. & J N.Y. Mercantile Trust. July 1, 1940
5g.
4g.
J.
F.
J.
A.
,
&
&
the Gould interests and Edwin Hawley of the Colorado Southern Ry.
entered the directory. V. 79, p. 1024, 1267
Stook authorized, $50,000,000; par of shares, $100. Bonds, $50,000,<> 0, see table above. V. 7*. p. lit 8. Directors, V. 7«, p. 866.
President, Walter J. Bartnett; Vice- Preside*, ts, A. C Katns and Henry
F. Fortmann; Treas., J. Dalzell Biown; Sec, B. M. Bradford; Asst.
See L. R. Bush, New York. Directors, Sept 1904, V. 7 9, p. 1267.—
(V. 77, p. 252, 1875; V. 78, p. 584, 822, 11«8; V 79, p. 1024, 1267.)
Wheeling Terminal Ry.— Owus a rallwa> bridge at Wheeling,
W. Va., and about 10 miles of terminal track Successor of Wheeling
Bridge & Terminal Ry., foreclosed in 1900.
Stock.— $2,000,000,
Of the bonds, guaranteed principal and inall outstanding; par $100.
terest by the Pennsylvania Company, 500,00' are referred for
additions and improvements; mortgage trustee, Commercial Trust
Co. of Phila. Form of guaranty, V. 76, p. 655. Penn RR. on Jan. 1,
1904, owned $1,2*3,000 bonds. For 6 mos. ending June 30, 1904,
gross, $104,082, against $98,511 in 1903; net, $6(i,677, against $56,906. For year ending Deo. 31, 1903, gross, $196,699; net, $111,711;
int., $59,750; Improvements, etc, $40,000; sink, fund, $14,525; bal.,
def., $2,564. Sec, 8. B. Liggett.— (V. 76, p. 655.)
Wheeling Lake Erie R.— (See Map of Wabash RR.) Includes:
,
A
—
K
Miles.
Lines owned.
Miles.
Toledo, O.. to Martin's Ferry. ..218 Cleveland Belt
6
Cleveland to Zanesville, O
144 Branches owned
43
Canton to Sherrodsville
45 Branch operated, not owned. 12
Toledo Belt Line
5
Total July 30, 1903
473
In May, 1904, the PiUburgh Lisbon & Western RR., New Galilee,
Pa., to Lisbon. O., 25 miles, and other mileage, 7 miles, total. 35 miles,
was acquired; also the Lake Erie Youugstown & Southern Ry.. pro jocted to build from Youngstown, O.. to Poland. North Lima and limestone regions of the Mahoning Valley. V. 78, p. 1784, 2336.
History.—Successor May 1, 1899, per plan In V. 66, p. 1142, of W.&
L. E. Railway, sold In Feb., under foreclosure of consol. mortgage,
subject to underlying 1st mortgages. V. 68, p. 830. The WabashPittsburgh Terminal Ry. (which see above) owns control, viz
$11,870,000 common, $6,4/3,800 2d pref and $347,500 first pref stock.
V 78, p. 2386, 2444. In Feb., 1903, it was proposed to double-track
the load east from Toledo and south from Cleveland. V. 7t>, p. 384.
The Zanesville Belt & Terminal Ry. has been operated since Jan. 1,
1902. under a temporary agreement. V. 74. p. 207. The W. & L E.
RR. owns majority of the stock of the Pitts. Wbeeling & Lake Erie Coal
Co., leased In 1901 for ten years to other parties. V. 70, p. 799, 741.
Stock.— The $36,980,400 stock outstanding has been issued as follows: For purchase of existing properties, $32,800 000; for Adena
extension, $1, 600,000; for other aduitions and improvements, $1,443.
100; for refunding underlying bonds, $1,137,300.
Bonds.— The mortgage of 1899 seoures $15,000,000 gold 4s, of whloh
$3,328,000 are reserved to retire at maturity all underlying bonds.
V. 68, p, 1027; V. 69, p. 29. They are a first lien on 202 « miles and
oover 248 1a miles additional, subject to the outstanding divisional
bonds. V. 74, p. 1040.
Under the consol. mortgage, all underlying bonds, as exchanged, mast be canceled. (V. 71, p. 391; V. 70,
See application to list new securities V. 71, p. 34, 542.
p. 896. 998.)
In 1902 $900,000 consols and in 903 $488,000 were issued. V. 72, p.
:
and convertible mortgage secures $10,000,000 of 4
per cent 50-year bonds. Interest for the first three years (to Oct. 1, 1905,
inclusive) being payable only if earned. V 75, p. 850; V. 76, p. 49.
Report.— Official statement was in V. 79, p 782, showing system
earnings for year ending June 30, 1904, (June estimated) including
West Va. Cent. &
Pitts.: Gross railroad earniugs, $3,«12,091; net
(over taxes), $1,310,197; miscellaneous credits, $121,380; net profits
coal and other departments, $520,80-*; total net income, $1,955,383,
against $2,284,916 In 1903; fixed charges, $1,539,0 Jl; bal., sur.,
$4.16.292.
Pres. (Sept., 1904), Joseph Ramsey Jr.; Vlce-Pres. V. S. Landstreet.
Directors, V. 75, p. 850. -(V. 79, p 782, 905, 968, 1024, 1267.)
New York & Pennsylvania Ry.— Owns
Western
4 lag. A.
4 g. A.
$1,543,000
28,760.000
10,000,000
(«)
>••
lst oonsol.
s.f.gu p.&i
1,000
1,000
1,000
1903
2d pref. stook, 4 p. c, non-cum., $12,000,000
lstM.,LakeE. Div.,BowerstontoL. E.,g ffle..o*
1st M. Wheel'g Div., $ & £ (2d on 187 m.)g.Ce.c*
Exten. and ImDr.mort. ($1,900,000), gold Ce..c
Term— 1st M., $2,000,000, g.,
Amount
Par
1888 $1,000
1902 1,' OO&c
1902 l.OOO&o
,
Wheel.
Bonus— friuMt
INTEREST OR DIVIDENDS.
Size, or
Rate per When Where Payable, and by
Payable
Road. Bonds Value. Outstanding
Cent.
Whom.
of
of
West'n (Ala.)— 1st M.,g.,gu. by C. Ga. and Ga.RR.c
West. Maryl'd— New 1st M., $50,000,000, g.IUe o**r
—
1883
Buffalo to
Emporium, Pa., 118 miles; Buffalo to Oil City, Pa., 136 miles; Oil City to
Olean, 110 miles; Rochester to Hinsdale, 99 miles; Stoneboro to Mahoningtowu 38 miles; branches, Including proprietary lines, 99 miles;
total owned, 600 miles; leases, 45 miles.
Organization.— Reorganization March 18, 1895 (per plan in Supple-
ment
of January, 1895), of the Railroad, foreclosed Feb. 5, 1895.
In 1900, the Pennsylvania RR. purchased $19,402,686 of the stock
at $9 per share, $9,144,000 income bonds at $300 per bond, and
on Aug 1, 1900, took the road over under lease, together with
the Allegheny Valley Ry. V 71, p. 31, 85. V. 70, p. 843, 1096, 1150.
new lease, dated Oct. 22, 1902, was made for 20 years from Aug 1,
1903, to continue thereafter from year to year, subject to termination
at any time on 60 days' notice. V 75, p. 1255.
Bonds.—Abstract of Western N. Y. & Pa. 1st mortgage In V. 47, p.
109. On June 30, 1903, $395,000 income bonds were in the treasury.
A
Annual Report.—Report
for 1902-03
was given
Oal. year
Year now ends Dec. 31.
1903
Gross earnings
$5,685,787
Netearnings
473,205
Interest charges on 1st mortgage $499,500
Int. on gen. mtg. (see above)
400,000
Taxes..
)
24.^4RQ
>* oi'
Int. on real est. and equip, notes S '*
Miscellaneous & extraordinary.
647,635
,:>
in V. 78, p. 284.
ending June 30—.
1902- <.
19012.
$5,116,343 $4,764,331
33,289
705,857
$499,500
$499,500
400,000
400.000
119.1x3
51"5.276
H9,9 3
100.457
\
434,029
196,814
r- Years
Balance, surplus
def.$l,317,399 df $1,525,469 def $610,097
-(V. 76, p. 160, 209; V. 77, p. 825; V. 78, p. 1499.)
Western Pacific Ry.— Projected from San Francisco, Cal., via
Oakland, Stockton, Sacramento, Oroville and Beck with Pass, Cal., to
Salt Lahe City. Utah, about 850 miles, with 440 miles of branches
In
corporated on Mar. 3, 1903, and took over the Han Francisco Terminal
Railway & eerry. Stockton & Beckwlth Pass Rv. and Sacramento &
Oakland Ry and in 1901 the Butte & Plumas Ry. and Alameda &San
Joaquin KR. See V. 76. p. 655, 867, 1194; V. 79. p 10 4, 1267. In
July, 903, the Western Pacific Construction Co. was organized with
$30,000,000 authorized stock to build the roa <\ V. 77, p. 38. In Feb.,
ly04, the Alameda & San Joaquin RR Stockton to Tesla Cal., 30
lulles, was acquired.
V. 78, p. 822. In Sept , 1901, representatives of
,
,
1
V
74. p. 1040; V 77, p. 2392.
Equipment bonds of 1902 may be purchased at not exceeding 105 and
interest or drawn by lot at 108 and interest ior the sinking- fund may
be applied to the purchase of additional equipment) to the following
amounts: $75,000 for 4 years, beginning Jan. 1, 1903, then $100,000,
$125,000, «150,000 and $175,000 yearly for each successive period of
4 years to date of maturity. V. 74, p. 578.
Latest Earn's.— 3 mos. ) 1904.... Gross, $1.1.c 4,747; net, $279 094
July 1 to 8ept. 30.
Gross, 1,241, 394; net, 389,085
$1903
For 8 mos ending Feb. 29, 1904, net, $315,264; int., taxes, $690,-
534, 628;
158; bal., sur., $12a,106.
Report.— Statement for year ending June 30, 1903, with bal. sheet
of Feb. 29, 190*, was in V. 79, p. 101. Report for the year ending
June 30. 1902. was in V. 76. p. 209. In 1902 3, of 5.888,331 tons of
freight carried, products of mines furnished 64 64 per cent (bitumin-
ous coal, 44- 16 per cent).
Year—
Gross.
Net.
Oth. inc.
Inl .tax.,
etc.
Bal., sur.
1903-1904. $4,325,283 $1,049,083
1902-1903.4,234,771
1,001,709
989,028
12,681
1901-1902. 3,537,022
943,220
871,097
72,123
Officers.— Chairman of Board, Myron T. Herrick, Cleveland; President, Joseph Ramsey Jr., St Louis; V.-P., A. W. Krech. New York;
Treasurer, H. B. Henson, New York; Sec, J. H. Dowland, Cleveland.
DlRBCTORS —George J. Gou'd, Edwin Gould, Cyrus J. Lawrence, Wtnslow 8.
Pif-rce, \Ivin W. Krech and W. H. Connor of New Vork; Joseph Ramsey Jr.
of St. Louis; Myron T Herrick, Georgs A Garretson, K.
Oglebay. H. P.
Mcintosh, Robert Bltckensderfer, Dan, R. Hanna and William G. Mather of
Cleveland, and C. M. Spttzer of Toledo, O.— (V. 78. p. * 01: V. 7M, p. 1«1.)
White
Black River Valley RR.— Brlnklev to Jaoksonport,
Ark., 67 miles
Leased for 80 years from July 1, 1900, to the Choctaw
Oklahoma & Gulf RR. for guaranty of interest, Indorsed on bjnda,
Stook authorized, $1,875,000; paid in, $323,000 Of the $600,000
bonds outstanding, $100,000 have coupons cut off for the first ten years
and $200,000 are reserved for extension to Batesville.— (V. 72, p. 189.)
White Pass & Yukon Ry.— See page 1912.
W
&
1884
RAILWAY STOCKS AND BONDS.
[Vol. lxxix.
.
:
..
.
RAILWAY STOCKS AND BONDS.
Oct., 1904.]
RAILROADS.
Miles
Date
or
Size,
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Amount
of
Far
For explanation of oolumn headings, &c, see notes of
Road. Bonds Value Outstanding
on first page of tables.
Eastern— See N. Y. SuiQ. & WE9T.
5
Scranton— Stock, 5 per oent rental..
5
First mortgage gold, guar. p.Ai. by L. O. A N. Co.
12
Williams Valley 1st mort., $120,000 authorized.
47
WUliamsport dt No. Br.— 1st M., $760,000 g.FP.c*
Wilm. Colum. dt Aug.— See Atlantic Coast Line CO. OF
Great Northern.
WUlmar dt Sioux Falls— See
88
WUmvng. <t North.— 1st M.,call in 1907, Int. guar..r
88
General M., $1,000,000, g. p.& 1. gu.,end. PeP.r
Car trust certs., due $8,000 yearly. V. 66, p. 950
See Atlantic Coast Lin ERR.
Wilmington dt Weldon
103
Winona Bridge— 1st M. gold, s. f .. r*d. at 110.F. .
Wilkesbarre
Wilkesbarre
Cent.
5
$50
Farm— 1st
1888
1903
1901
1,000
500
1,000
5
J.
4Vjg J.
Chic. Wisconsin
lOyearsat 105
o*
<fe
Minn. 1st M., gold, assumed.o*
1st mort., gold, assumed. ..o*
& Lake Win.
RR.
Wis. Cent.
con. M., 1st series, gold, ass'd.o<fcr
M ich,— 1st M.,g., $15,000 p. m
dt
A
Pacific— let M. (see text), gold HIe.o*
Woonsockel dt Pose— 1st M., Int. gu. City of Woon.o
Worcester Nashua dt Rochester- Stock ($3,600,000).
Wor.&Nas. f Wor. Nashua & Roch. RR. bonds. . .c*
do
do
do
IstM. of
do ...o*
do
do
79 secures
<t
)
i
equally.
354,000
406,000
30,000
5
Dividends.
All
*33
do
I
do
do
Wichita Fall* Ry.— Henrietta, Tex.,
122
66
416
54
271
9
94
47
47
47
47
1890
1,000
384,000
5g
M.
671,800
5g.
J.
100
100
16,147,876
11,267,104
23,748,000
500,000
436,000
475,000
500
1899
1900
1901
1902
1,000
1,000
1,000
1885
1,000
1882
1,000
1879 500 &o
1895
1,000
1800
1,000
1890
1,000
100
1886
1,000
1893
1,000
1890
1,000
1895
1.000
to Wichita Falls, 18 miles.
;
bal., sur.,
$22,489— (V.
& N
& D.
& J.
Phila.,
do
108 So. 4th
do
Deo. 31, '03,
St.
May
Dec.
Phlla., Fidelity Tr. Co.
July
1,
1,
1,
5%
1938
1923
1931
J.
1,000
1,000
Operated bv Missouri Kansas & Texas Ry. under oontract extending
to Jan 1, 1930. providing for division of rates. Stock, $20,000.
Year ending June 30. 1903, gross, $°i6,883; net, $34,759; int. and
Blnklng fund, $16,390; dlvs., $18,360.-( V. 73, p. 1161; V. 71, p. 865.)
Wichita Valley.—Owns from Wichita Falls to Seymour, Tex., 51
miles; completed in 8ept., 1890. In Nov., 1903, the Wichita Falls*
Oklahoma Ry. was incorporated by the same interests wiih $200,000
authorized stock to build from Wichita Falls northeast about 75
miles, of which 23 miles to Byers completed July, 1904. V. 78. p. 1276.
Stock, $6,000,000 outstanding $1,020,000; par, $100. Inl897 interest was scaled to 3 per cent to July 1, 1902, Inclusive, and again
In 1902 for 5 years to July 1, 1907, Inolusive. Land and income notes
(6s), $123,617; income notes (5s) $68,249. V. 67, p. 224; V. 76,
p. 160. Year 1903, gross, $;-3.681; net, $55,202; interest on bonds
$32,713;
llllOi-
& D, Phi la., Read'g Term'l. 1907-1927
Q.-F.
do
do
Aug. 1, 193S
Q.-F. First N. Bk., Wilm., Del. To Nov., 1906
1887
1892
1897
76, p. 160; V. 78, p. 1277.)
Wilkesbarre & Scranton Ry.— (See Map Central RR. of N. J.)—
Owns from Scranton to Minooka Junction, Pa., 5 miles, of which
miles Is double track. Leased from May 1, 1888, to Lehigh Coal. & Nav.
m
Co. (see " Miscellaneous Companies ") during corporate existence
less one year, at $47,500 per annum and taxes. Lease assigned to
Central of N. J. at 6 per oent on cost of road ($1,089,582) and taxes.
Nav. Co. holds all the stock.
Lehigh Coal
Brookslde to'Lykens. Pa., 12 miles.
William'/. Valley
Stock authorized, $120,000; outstanding, $90,000; par of shares, $50.
Trust Co. of Phila.,
The 5s of 1903 (United Seeur'ty Life Inm>ance
trustee.) were o be used to retire at once the $87,000 of 6 s due Dec.
1, 1911, the remaining $33 000 for improvements.
78, p. 1393.
For yearending June 30, 1903. gross, $17,791. President and Gen.
Mgr., C. M. Kaufman. Tower City. Pa. (V. 78, p. 1393.)
Hall's to Satterfeld, Pa >
Willlamsport IN or) h Branch
and br., 47 miles; leases Eagles Mere RR., 10 miles; total, 57 miles.
8tock (authorized, $2,000,000) common, $925,362; preferred, $400,000; par $50. The 4**s of 1901 cover the road and 3,000 acres of
coal lands in Sullivan Co., Pa., $250,000 being reserved for extensions. V. 72, p. 990, 1280. Equipment trusts June 30, 1903, $75,000.
Earnings.- 2 mos..) 19<'4
Gross, $36,311; net, $10,548
July 1 to Aug. 31. $1903
Gross. 37,2 H4; net, 11,958
Surplus over 2 mos. charges, $5,010 In 1904, ag'st sur of $6,425.
Year ending June 30, 1904, gross. $163,934; net. $40,772; charges,
$33,356; balance, surplus, $7,416. President, 8. D. Town send, Hughesville, Pa.; Sec. and Treas., H. C. Adams, N. Y.— (V. 78, p. 2386.)
&
RR.—
&
&
&
S.
209 Adams
J. Phlla.,
& J
& J
&N
4g.
& J
5g.
M & 8
6
6 g. J. & J.
5g. J. & J
J
5 g. J.
4g. A. & O.
A. & O
5
5% in '04 J. & J.
J. & J.
4
J. & J
4
J. & J
4
4
A. & O
St.,
Chicago Sept. 1,1915
Real Estate Tr.
3*sg,
776,000
604.000
657,000
951,000
5,524,000
100,000
3,099,800
150,000
511,000
735,000
380.000
<jfe
New York,
!•
May
MaitlaDd, Coppell
&
July
July
Jan.
4g.
UNDERLYING SECURITIES NOT EXCHANGED.
all
—X
S. O.
M., $1,000,000, re-
Wisconsin Central Railway—
Common stock, $17,500,000
Fref. stock, 4 per cent non-cum., $12,500,000. .
c*
1st gen. M.. gold, $27,000,000 Us
Minn. Ter. M., g., subj. to call at 105 after 1910.
call at 105. » s
Marsh. & 8 E.dlv.lstM.,g.,subj.to
Equipment trusts, gold, due $60,000 yearly. Hip
Wise. Minn.
M.
$500,000
500,000
See text.
530.000
1901 100 Ac
,
Wisconsin
Deo. 31
4!«g.
Whom.
Payable
J)u<ui«
pal.When Due.
by Slocks— Last
dt
dt
Wiseas. Waterv. dt
deemable after
Milw.
1885
^
July
1,
1931
1, 1949
1, 1950
1, 1951
1, '05-12
Co.
1, 1916
1, 1912
do
do
Jan. 1, 1909
See Text.
Jan. 1, 1945
O. G.West.N.Y.&St.P. Oct. 1, 1950
R. I. Hos. Tr. Co., Prov. Oct. 1, 1910
Bos., Am.Loan ATT. Co, July 1, 1904, 3:
Jan. 1, 1906
do
do
do
do
Jan. 1, 191S
do
do
Jan. 1, 1930
do
do
Oct. 1. 1934
Mch.
July
any year, both shall participate equally in any further dividends for
The preferred has the right to elect a majority of the directors in case of failure for two Hucoessive years to receive dividends
at the rate of 4 per oent per annum in cash.
Bonds The new 1st gen. gold 4s ($27,000,000 authorized) are
secured by a mortgage upon all the lines of railway, terminals, equipment and other property acquired thereby, and also by deposit of all
securities owned or acquired under the plan; in July, 1904, $2,241,150
were reserved to retire underlying bonds still outstanding, and about
$118,850 remained available for betterments, purchase of equipment, etc. Of the generals, up to July, 1904. $892,000 were purchased
In the open market and canceled, V. 77, p 1236.
The underlying bonds were assumed in Aug., 1902. V.75,p.734.1204.
Earnings.— For 2 months ending Aug. 31
Net.
Oth. inc. Interest, etc. Bal., sur.
Cross.
2 wo*.—
$475,592
$5,742
$294,710
$186,624
1904
$1,180,863
474,542
6,738
295,024
186,256
1903 ..... 1,243,950
Report.— Report for year ending June 30. 1904, at length, was in V.
77, p. 1636, 1650; see also edit., p. 1606. Of the total freight trafHo In
1900-1 (3,437,902 tens) 27-07 p. c. was iron ore and 2683 per cent
lumber and forest products. Iron ore contributed 9*67 per cent of
the ton miles hauled and 8'57 per cent of the freight earnings. Average
in
such year.
—
rate per ton mile in 1903-4, 643 mills, against
1903-04.
1902-03.
97 1
$6,466,176
4,342,439
mills in 1893-4.
1901-02.
1900-01.
$6,651,862 ?6,041, 470 $5,324,274
4,205,993 3,883,374 3,446,463
$2,123,737
$2,174,933
Fixed char., taxes, etc 1,750,686
$2,445,869 $2,158,096 $1,857,811
$2,484,299 $2,195,173 $1,882,574
1,760,227 1,715,068
1,636,455
Gross earnings
Operating expenses.
..
t
V
&
RR.—
Wilmington & Northern RR.—Owns Wilmington, Del., to
Highs Junction, Pa., 71 miles; branches, 17 miles; total owned, 88
miles trackage to Reading, Pa., etc, 4 miles. General mort. bonds are
reserved to retire first mort. at maturity. Stock authorized, $1,500,000;
outstanding, $1,500,000; par, $50. The Reading Company owns practically the entire capital stock, which is deposited under its collateral
trust mortgage. The road Is leased to the Phila. & Read. Rv. for 999
years from Feb. 1, 1900, for interest on $760,000 bonds and 3*3
dlv.on stook, payable quarterly (Q-F-15). V. 70, p. 127, 998; V. 71, p.
;
;
No report since 1898— in V. 68, p. 1021. (V. 72, p. 340.)
Winona Bridge Railway.—Owns bridge between Winona,
Minn., and Buffalo, Wis., 103 miles; opened Sept. 1, 1891. Leased for
30 years to Chicago Burlington & Quincy and Green Bay & Western,
758.
the former, it was reported in July, lit03, acquiring about two-thirds
and the latter the balance of the $400,000 stock. V. 77, p. 252.
Stock.— $400,000: par, $100. Yearending June 30, 1904, gross. $25.16?; net, $18,863; charges, $19,851; bal., <tef., $988.
gross, $26,328; net, $22,118. (V. 77, p. 252.)
In 1902-03
RR.—
Wlsctsget Watervllle Sc Parmington
Wiscasset, Me.,
to Albion, 42 miles (2-foot gauge); also partially constructed from
Weeks Mills west to Farmmgton, etc.. Me., about 50 miles, of which
15 miles to Winslow are In operation. A consolidation in 1901 (see V.
73, p. 392; V. 71, p. 603; V. 69, p. V33; V. 66, p. 185. Stook authorized, $1,000,0«'0; outstanding June 30, 1903, $243,900; par of shares,
Real Estate Trust Co. ol Philadelphia Is mortgage tr U8 tee.
$100.
For year ending June 30. 1903, gross, $38,416; def. under operating
expenses, $12,"37. President, Leonard Atwood, Bullitt Bldg., Phila.,
(V. 73, p 392.)
Pa—
Wisconsin Central Railway.— (See Map)— System extends
from Chicago to Ashland, Wis., and Lake Superior iron mines, also to
8t.Paul and Minneapolis. By the extension to Manitowoc and the car
ferry across Lake Michigan, connects with the Pere Marquette and has
a short line to the East. V. 63- p. 117. The system Includes:
Lines owned. —
Miles.
Lines owned.—
Miles.
Chic, to Trout Brook Jet.. Wis.452 Other branchr
49
Abbottsford to Ashland, Wis,.. 133 Trackage to Chit., Minn., etc.. 32
Branoh to Bessemer
34
Rugby to Milwaukee, etc
28
% ««
Stevens Point to Portage City. 71
Spurs to industries (65 miles
NeenahtoManitowoc(14 jntly) 44
unoperated)
167
Marshfleld to Nekoosa
33
Grand total (incl. spuis operated 102 miles and unop. 65 m) .1,043
Organization.— Successor July 18, 1899, of Wisconsin Central
Co. after foreclosure per plan V. 68, p. 725 has acquired by deed all
.
.
;
the leased lines. V. 69, p. 29, 83, 133, 182. See application to list
securities. V. 70, p. 433.
8tock The five-years voting trust expired by limitation on July 1,
1904. After 4 per cent dividends on both classes shall have been paid
—
Net earnings
Total net income
Sur. for the 12 mos. of
$424,247
$724,072
$480,105
$246,119
Directors.—John Crosby Brown, William L. Bull, James C. Colgate,
Fred T. Gates, Gerald L. Hoyt, E. W. Sheldon and Joseph 8. Dale,
New York; Francis R. Hart, Boston; Henry F.Whitcomb and Howard
Morris of Milwaukee; William F. Vilas, Madison, Wis.
Officers.— Chairman of the Board, Wm. L. Bull; President, Henry
F. Whitcomb, Milwaukee; Comptroller and Auditor, Robert Toombs,
Milwaukee; Treasurer, William R. Hancock, Milwaukee; Secretary,
Chas. M. Morris, Milwaukee; Asst. Secy.. Joseph 8. Dale, New York.
N.Y. Office, 52 William Street— (V. 78, p. 2601; V. 79, p 1636,1650.)
Wisconsin Sc Michigan Ry.— Owns from Quinneseo, Mich.,
to Peshtigo, Wise, 73 miles; trackage, 8 miles. Extension from
Faithorn Jet. to Cundy, 18 miles. Included above, was opened
August, 1903. In May, 1904, the Holmes & Sons* logging railway, extending from Pembine, Wis., westerly 42 miles, was perchased, extension of 8 miles to be completed November, 1904, to a connection.
V. 78, p. 2013. From Pesutigo oars are taken by Lake Michigan
Car Ferry Transportation Co. to Chicago. Stock authorized and
issued, $951,500; par value, $100; current liabilities June 30, 1903,
$1,440,229. Last coupon paid was that maturing July 1, 1898. A plan
to scale the rate of interest was proposed, but no result had been
reached In Apr., 1904. In 1902 03, gross, $122,775; net, $1,190;
charges, $59,638. Free., J. P. Hopkins. Chicago,— (V. 78, p. 2013, 2386.)
Wisconsin Minnesota Sc Pacilic RR.— Red Wing, Minn., to
Mankato, 95 7 miles; Red Wing to Osage, la., 118'2 m.; branch to Clay
Banks, 2*9 m.; Winona to Simpson. Minn., 54*2 m,; total, 271 miles.
The above mileage includes the Duluth Red Wing <fc Southern Ry., 28
miles, purchased July 1, 1901, and the Winona & Western Ry., 115
miles, acquired Sept 12, 1901, a 30-mile connecting line ^rom Zumbrota to Rochester being built in 1902. Stock, $5,871,600, all owned by
the Chicago Great Western Ry., which company operates the road as a
part of its system under an agreement dated Apr. 1, 1901, running for
100 years, providing that all net earnings above interest on bonds
shall go to the Great Western, the accounts of this road being kept
separately. V. 73, p. 566.
Report.— For the year endine June 30, 904 (271 average miles),
in V. 79, p. 1344, shows: Gross. $67^,382; net,*250,998; interest, $203,700; bal., sur., $47,298.— (V. 73, p. 844.)
Worcester Nashua Sc Rochester RR.— Owns from Worcester
via Nashua to Rochester, 94 miles. Leased for 50 years from Jan. 1,
1886, to the Boston & Maine; rental $250,000 and taxes.
Div'ds- ) 1887-93 '94 '95 '96 '97 '98 '99 '00 '01 '02. '03.
1904.
Per cent.. S 6 yearly 5
5
5
5 5*4 4^ 4 5H 5 414
5%
The Jan., 1903, dividend was reduced to 1M p. c, and balance of
floating debt paid off; in July 3 p. c; in 1904, 2\ p c; July. 3 p. 0.
Total profit and loss deficit June 30, 1904, $279,481. Current liabilities July 1, 1904, $28,060— (V. 76, p. 104, 1409 )
Wrightsville Sc Tennille RR.— Tennille, Ga., to Hawkinsville
76 miles, of which Dublin to Hawkinsville, Ga., 40 miles, was former
Oconee & Western RR., merged Feb. 1,1849. V. 69, p. 189. Stock,
common, $230,000; preferred, $70,000. Par of shares $25. Cent, of
Ga. Ry. owns all the preferred and *104,300 of the common stock.
Dividends (J.&J.) were paid on bothstocks at rate of 7%; 1900, Jan.,
3 p. c; June, 1900, 4 p c; Deck's p. c; 1901. June. 3 p. o Dec. 3 p.c;
1902, July, 3 p. c; 1903, Jan. 1, 3 p. c; July, 5 p.c, Incl. 2 extra; 1904,
Jan. 1, 4 p. c; June 30, 3 p c For vear to June 30, 1904, gross, $167,587; net, $42,302;other income. $7,376; taxes and inr rovements, $10,5"0; div., $21,000; bal., $18,083. Pres., A. F. Daly, Tennille, Ga.— (V.
-
1
;
77, p. 695, 1534.;
INDUSTRIAL AND MISCELLANEOUS COMPANIES.
The following pages (Nos. 1886 to 1904 contain the leading industrial companies. Some additional statements will be
found on pages 1905 to 1911, while various gas companies are on page 1913, and an index to still other industrials is on p. 1912.
MISCELLANEOUS.
Date
Size, or
Par
Amount
For explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
of
Adams Express— Stock
Collateral trust mortgage, gold.Me
Allis- Chalmers—Common stock, $25,000,000
Pref., 7%, cum. (as to assets <fe div.>, $25,000,000, text.
Amalgamated Ooppei Stock, $1 55,000,000
Amer. Agricul. Chemical Co.—Stock, com., $20,000,000.
Pref. 6 p. ct. cum. (as to assets and div.) $20,000,000..
—
American Bank Note—;Stock
Debentures,
gold.
American Beet Sugar—Common
stock, $15,000,000
Preferred stock, 6 per cent, non-cum., $5,000,000
Amer. Bell Telephone—See Amer. Teleph. <te Telegraph. Co.
American Oan—Prel. stock, 7 per cent, cum
American Oar & Foundry—Com. stock, $30,000,000. G-.
Preferred stock, 7 per cent, non-oum., $30,000,000.0.
American Ohicle— Stock, common, $6,000,000
Preferred, 6 p.
c.
$100 $12,000,000 See text. J. & D. New York, 59 Broadw'y
1898 500 &o 12,000,000
4g- M. & S. N. Y., Merc. Trust Co.
100 19.820,000
100 16.150,000 See text.
— M. N. Y., 71 Broadway.
100 153.888,000 •I in 1904
Checks mailed.
100 17,215,600
100 18,153,000 6 in 1904 A. & O. N. Y., Office, 26 B'way
50
By check.
3,600,000
Q.-M
6
1902
1,000
833,000
4*2 g. A.. & O. N. Y., Bowl. Gr. Tr. Co.
100 15,000,000
100
Checks mailed.
4,000,000
Q.-J.
100
100
100
100
100
cum., $3,000,000
Am. Cigar— Gd.
notes, $20,000,000, ga.p.*l.,red.l02ifl.o. 1901-2
American Cotton Oil—Common stock, $20,2i7,100
Pref. stock 6% non-cum., sub. call at 105. $14,562,300.
Debentures, extended in 1900 (V. 71, p. 2374, 1010).o* 1890
American District Telegraph of If. T.— Stock, $4,000,000
Amer. Dist. Tel. Co. of N. ./.-Stook, $10,000,000 auth...
American Express—Stock
Amer. Hide <& Leather—Common
stock, $17.500,000
Pref. stock, 7% cum., $17,500,000. (See
76, p. 104).
1st M.. $10,000,000, g., s. f., subj. to call at 115.Col.o*
V
1899
1,000
100
100
1,000
100
100
100
100
100
1.000
Acetylene.—See Electro Gas, V. 61, p. 1107; N.Y. Carbide & Acet.,
V. 61, p. 1155; Un. Carbide, V. 78. p. 233.
Adams Express.— Organization.—An association formed in 1854
but not incorporated, operating on about 35,000 miles of railroad, including Penn., C. B. & Q., Ches. & Ohio, N. Y. N. H. & H., etc.
Bonds.—In 1898 treasury securities were pledged with Mercantile
Tr. Co. to secure (subject to prior indemnification of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 p. o. bonds.
These last were then distributed as a 100-p. o. dividend. V. 66, p. 470.
Dividends.— Long 8 p. o yearly, but reduoed in 1898, on payment
of 100 p. c. div. in bonds, to 4 p.o.; in Dec, 1900, to June, 1904, 8 p. o.
yearly, and in Mar.. 1903 and Mar., 1904, 2 p. o. extra eaoh from the
sale of certain real estate. V. 76, p. 436; V. 77. p. 90; V. 78, p. 704.
Albemarle
Ches. Canal.— See page 1905.
Allls-Chalmers Co.— Organization.—Incorporated in N. J. on
May 7, 1901, to manufacture heavy engines, mining and other machinery, combining Edward P. Allis Co. of Milwaukee, Fraser &
Chalmers of Chicago. Rights of stock, etc., see V. 74, p. 1144. Vermilye & Co. were interested. V. 72, p. 874, 937, 990.
In 1904 entered upon electrical, turbine and gas engine field/easing
Bullock Eleetrlo Co. for 25 years (with privilege of renewal for 25 years
for 6 p. c. dividends on $1,100,000 preferred stock and division of
profits with the $1,000,000 ooinmon stock. V. 78, p. 1111, 2439
Preferred Dividends.—July, 1901, to Feb., 1904, 7 p.o. yearly;
none since to July, 1904. See V. 78, p. 1499.
Stock, Etc.— Preferred entitled to 7 p. o. cumulative dividends and
a further preference of 1 p. c. non-oum. after 7 p. o. on common, into
whioh it is convertible, $ for $. on May 1 till 1921; no bonds.
Report.— Fiscal year changed so as to end J une 30. Report for the
year ending Apr. 30, 1904, was given in V. 78, p. 2439, showing: Net
profits over depreciation, etc, $952,624; dividends on pref. (5*4 p. c),
$853,125; bal., sur., $99,499. Chairman of Executive Committee,
Edward D Adams. Chairman of board, Elbert H. Gary; Pres., B. H.
Warren; First Vice-Pres. and Treas., W. J. Chalmers; Vice.-P. and Sec,
Jos. H. Seaman. Offloe, 71, Broadway, N.Y.— (V. 78, p. 1499, 2439.)
Amalgamated Copper Co.—Organization, Etc.— Incorporated
on April 27, 1899, in New Jersey, and purchased control as follows:
&
Majority stock acqitired -
CaiiUal
stock.
Par "— Dividends
val.
Bonds -PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks—Last
Rate Per
Dividend.
Payable
Whom.
Cent.
(p. c.)—
*»8. '99. '00. '01. '02
08
Anaconda Copper Mining (V. 78. p. 20l3).$30.00u.000 $'6 10 13 16 11 4 4
Boston & Montana Con. Cop. &Silv.Mln. 8,760,000 25 04 144
140 M '82
Butte & Boston Con Mln
2,000,000 10
so
Parrot Silver 4 Copper Co
2,1298 590
10 18 39 00 85 s
Hennessv Mercantile Co
1.5'0,000 (?) (?)
(?)
(?) m (?)
Also acquired all the following stocks: Washoe Copper Co.. <!L
$5.ooo,<H)ti; Colorado Smelting & Mining Co., $2,60i>."00; Diamond Coal & Coke Co.. $1,500,000:
m
Big Black Foot MiMIng Co.. $700,000.
Statement to N. Y. Stock Exchange, V. 72, p. 1281. Stook was
authorized June, 1901, to be inoreased from $75,000,000 to $155,000,000, to purchase the stocks of Boston
Montana and Butte & Boston
companies, per terms V. 72, p. 1082; balance unissued reserved to
acquire remaining shares. Litigation with F. A. Heinze is pending;
V.77, p. 512, 1295, 1875, 2340; V. 78, p. 585, 770, 822; V. 79, p. 214.
As to United Metals Selling Co., Bee V. 76, p. 332.
Bonds —Only bonds are Bos. & Mont. 7s, $300,000, due $100,000
Nov. 1, yearly to 1907, and Butte & Bos. 6s, »l,500,00O. due Apr.
V. 72, p. 1281.. See V. 71, p. S4S> See V. 72, p. 777.
1, 1917.
Dividends.— 2 p. c quarterly (Q.-J.), Oct., 1899, to July. 1901, both
lncln. In Oct., 1901, Us p.c; In 1902, Jan., 1 p. c; May, 1902, to Nov.,
1904, both inclusive, *$ p. c quarterly.
Earnings of constit. cos. year ending June 1, 1904, (V. 79, p. 149.)
Officers.— President, Henry H. Rogers; Sec. and Treas William G.
Rockefeller.
Directors, H. H. Rogers, Wm. Rookefeller, Wm. G. Rockefeller, A. R. Flower, F. P. Olcott, Robert Bacon, Jas. Stillman and A.
C.Burrage. Office, 42 B'way, New York.— (V. 79, p. 502, 735.)
&
,
American Agricultural Chemical Co.— Organization.— In-
corporated in May, 1899, in Connecticut, under speoial charter, and
acquired control of fertilizer companies (including Listers' of Newark) named in V. 68, p. 974, and V. 72, p 672; V. 73, p. 664; V. 75, p.
241,292,440; V. 76, p. 867; V. 77, p. 399. See V. 7lfp. 545. Dividends on pref. to Oct., 1904, 6 p. o. yearly (A. & O.).
Report.— Report for year ending June 30,1904, in V. 79, p. 784,
showed: Total net income, $2,148,925; Improvements, betterments,
etc, $648,154; div. on pref., 6 per cent, $1,071,981 balance, $428,790.
Pres., John F. Gibbons, New York; Sec. Geo. L, Galbraith
Treas.,
Thomas A. Doe. New directors Sept., 1903, V. 77, p. 695. N. Y. office
26 Broadway.— (V. 77. p. 399, 695; V. 79. p. 784.)
American Bank Note Co.— Founded 1795; incorporated in N. Y.
in 1858; re-Incorporated in 1879.
Divs.— > 1892 to '94 1895 to '98. '99. 1900. '01. »02. '03.
1904.
Per cent. 5 8 yearly
6 yearly
7
6
6
6
6 Ino.Sept.,4
Payable [50c] 1 j>. o. eaoh in M. & S. and [$11 2 p. c each in J. & D.
Chairman E. C. Converse, 78-86 Trinity PI., N. Y.— (V. 78, p. 289.)
American Beet Sugar To.—Incorporated on March 24, 1899.
Dividends paid from Oct., 1899, to Oct., 1904, both Inclusive,
6 p. c yearly ( h% Q.-J.) See prospectus in V. 68, p. 280, 616 "Beet
Sugar" item, V. 69, p. 1249. Report with estimated pronto for year
ending June 30, 1904, in V.78, p. 1389, showed: Total income, $3,498,
655; profit from operation, $995,473; cost of maintenano-- $461,962;
;
;
l
;
,
41,233,300
30,000,000
30,000,000
6.000,000
3,000,000
10,000,000
20,237,100
10,198,600
3,000,000
3,844,700
9,720,000
18,000,000
11,274,100
12,548,300
7,837,000
5 in 1904 A.
See text.
7
&O
Q.-F.
Q.-F.
2 in
1903
4 in 1904
8 in 1904
6
g.
1, '04,
Nov. 28,
1\
'04, i«
Oct. 1, '04,3%
Sep. 30,'04,1%
Apr.
Oot.
1,
1952
1, '04, lis
do
do
Nov. 1/04,1 \
Sept.20'04,1%
do
Oct
Row Bldg.
New York.
1, '04, 1**
Mch. 15,'11-12
See text N. Y., Winslow, L. & Co. June 1, '04, 2'
June 1, '04,3'
J. & D.
do
do
Nov. 1, 1915
Q.—F.
do
do
M. & N. Treas.off.,6DeySt.,N.Y May 15,*04,1%
Treas off., 195 B'y, N.Y. Oot. 22, '04, 1
J.
J. & J. N. Y.,Co.'s Of., 65 B'way July 1/04, 4%
4g. M.&S.15
6 in 1903
4*s g
Feb.
Oct. 1, '04, 2ia
Checks mailed.
N. Y., Guar. Trust Co. May 2, '04, %
12 In '03 M'nthly N. Y., Park
do
6 in 1904 Q.-J.
See text.
Junel.'04,4%
Mch. 1, 1948
Q—
M.
&
8.
N. Y., Colonial Tr.
Sept. 1,
1919
profit of campaign. $533,511; expenses and interest, $260 000; dlv. on
pref. (6 p. c), $240,000; charged off, $2,042: bal., sur.. $31,469. Pres.,
Henry T. Oxnard: Treas.. John E. Tucker, 32 Nassau St., N. Y.— (V. 74,
p. 885; V. 76, p. 812; V.78, p. 230, 1389.)
American Bicycle Co.— See Pope Manufacturing Co.
American Can Co.— Organization. -Incorporated in New Jersey on Mar. 19, 1901, as a consolidation embraoing, it is said, about
85 per cent of the tin can business of the country, including about
100 concerns. See V. 72, p. 582, In 1903 operated 31 can factories,
one or two machine shops and two detinning plants V 76. p. 969.
Stock outstanding, $41,233,300 each of common and 7 p. o. cum.
pref. Div. on pref., 2^ p c, paid Sept. 30, 1903; in 1904. 5 p.o. (A AO).
Report for year ending March 31, 1904, in V. 78, p 1546. showed
net, $2,394,510: div. on pref. (5 p. c ), $2,061,66=); bal., sur., $332,845.
Chairman of Board, D. G. Reid; President, W. T. Graham; Treas.,
F.S.Wheeler; Sec& Asst. Treas., R. H. Ismon, 11 B'way. Directors,
Apr., 1904, V. 74, p. 885. V. 78, p.l551.-(V. 78, p.llll, 1 54«. 1551.)
American Car A: Foundry.— Organization, Etc.—Incorporated
in New Jersey on Feb. 20, 1899, as- a consolidation of the MiohiganPenlnsular Car, Onio Falls Car Mfg. etc., mfg. freight and passenger
oars. V. 68, p. 280, 377, 1029; V. 71. p. 86, J4j; V. 73. p. 958.
Dividends on com-) 1900. 1901-1902. 1903.
None
1904.
mon
4% Feb., »d; May, Vi cince
51 p. c 2 yearly
For 4 mos. endlnir Aug. 31, 1904, net, $817,544, against $2,078,000
V. 79, p 1463.
in 1903
Report for year ending April 30. 1904, was in V. 79, p 101, showing net earnings $4,496,863; dividends on pref stook (7 p. c), $2,100,000; on common (3 p. c), $900,000; surplus, $1,496,863.
Officers.—Pres., Fred'k H Eaton; Cliair. of Exec Com., W. K. Blxby;
Treas., S. 8. De Lano
Sec, D. A. Bixby, St. Louis, Mo. Directors, V.
72, p. 1239; V. 74, p. 1357. N. Y., 25 Broad St— (V. 79, p. 1463.)
American Cement Co.— See page 1905.
American Chicle Co.— Organization.—Inoorp. InN. J. on June
2, 1899, and consolidated the leading ohewing gum interests.— V.68,
Div.: On pref., Oct., '99. to
p. 871, 1130; V.77, p. 197. SeeV. 71,p.j<y.
Oot., 1904, l!fl p. c qu. (6 p. c per an.). Common H« p. o. Oct., 1899;
1900, 9 p. c; 1901, 8 p.c; 1902, Jan.. 2 p. c; Apr.. 1902, to Sept 1904,
both inch, 1 p. o. monthly. Total undivided profits June 30, 1904, as
per balanoe sheet, after paying dividends in 1903 04 ($900,000), were
$988,000. Pres., W. J. White, Cleveland; Sec and Treas., H. Rowley.
Office. Park Row Bldg., N.
(V. 77, p. 197; V. 79, p. 271.)
American Coal—See p. 1905.
American Cigar Co.— Organization.— Controlled ointly by
American and Continental Tobacco oompanies. which own the entire
$9,975,000 outstanding stook and jointly and severally guarantee the
$10,000,000 4 p.c gold notes (authorized issue limited to $20,000,000);
see V. 74, p. 1 113; V 78 p. 13 a3. Properties owned, including Havana
American Co., V 72, p. 185, 284. 937, 1037; V. 73, p. 958; V. 75, p.
1255. Report for calendar year 1903, V. 78, p 990, showed: net earnings over expenses and charges, $807,012. (V. 78, p. 990, 1393.)
American Cotton Co.—See July, 1904, Sec and V. 79, p. 787, 1333
American Cotton Oil.— Incorp. Oot. 14, 1889, in N. J , to suoced
Amer. Cotton Oil Trust. Has works in various southern cities, etc., for
manufacture of crude and refined cotton oil, lard, soap, fertilizers, etc.
List of subsidiary companies, V. 77, p. 1872.
Stock, Etc—The stock pool expires by limitation in Nov., 1904.
Dividends.—
1898.
1899.
1900.
1901.
1902.
1903.
3*2
Common, p. o
)
3
4
x4
2
x6
Preferred, p. c. .. s 6 pez cent yearly to date.
x Includes annual, December, payment and 2 p. o. following June.
Report.— Report for 1902 03 at length in V.77, p. 1872, 1878, showed
f>ronts $1,665,081, after meeting expenses of adminlst., interest, Ac;
nt. on deb. bonds, $135,000; balance, net income, $1,530,081; dividends on pref. (6 p.c), $611,916; div. on common (4 p. c), $1,421,400;
bal., surplus for year, $108,6*1, against $412,064 in 1901-2. Profits:
year 1900-'01, $1,244,357; '01-'02, $2,373,206; '02-'03, $1,665,081.
Officers—President, George A. Morrison; Vioe-Presldent, Robert
F. Munro; Sec and Treas.. Justus E. Ralph. 27-29 Beaver St.. N. Y.
Tranfer agts., Winslow, Lanier& Co.-(V. 77, p. 1872, 1878, 2160.)
;
.
Y—
District Telegraph Co. of New Jersey.— OrganNew Jersey in Nov., 1901; operates in most
of th» large cities and towns in the U 8. except New York City. Has
with the Western Union Telegraph Co. for oolleotton
25-year ountract
and delivery of messages and is also engaged in all kinds of ele' trioal
protective service V. 77, p. 148. Dividends In 1903, Apr., Julv, and
Oct., IM p c each; in 1904, 4 p. c. (Q.-J. See V 78, p 704. Pres., Robert
O. Clowry; Sec, «. R. Johnston; Treas M. T. Wilbur. (V. 78, p. 704.)
American District Telegraph Co. of N Y.—See page 1905.
American Express.—An "Association" formed under the laws
of New York State in 1859 and 1868. Not an incorporated company.
Operated in Dec, 1900. on about 45,000 miles of railroad In the
United States, inoluding Boston & Maine, nearly all the Vanderbilt
lines, Illinois Cent, etc Leases for o years from July 15, 1904, the
trolley express business in New York and Westchester of Metropolitan
Express Co. V. 79, p. 153. Dividends. 6% per an slncel882; from July,
1901, to July, 1904, 1 p. c extra was paid semi-annually from investments V. 73, p. 1063. President, J. C. Fargo; Treas., James F. Fargo,
65 Broadway.— (V. 77, p. 2036; V. 79, p. 153.)
American
ization.— Incorporated in
,
.
.
.
Oct..
INDUSTRIAL STOCKS AND BONDS.
J 904.]
MISCELLANEOUS.
Date
For explanation of column headings,
first page of tables.
see notes on
<fec,
of
Par
100
100
100
100
....
••
(7 p. c. pref., oum.)
1st M., $5,000,000, g., sink, fund, subj. to call at 105.0*
.
1899
American Pneumatic Service— Stook, com., $10,000,000..
1,000
50
50
....
. _ _
Preferred, 6 per cent, non-cum., $5.000,000
$1,600,000, g., s f. (underlying bds., text) IB. 1903
American Radiator—-Pref. stock, 7 p. c, cum., $5,000,000 ....
American Sewer Pipe— 1st M., $2,500,000, s.f.,oall 105.BL 1900
American Shipbuilding— Stock, common, $15,000,000.... • •
Preferred, 7 per cent, non-cum., $15,000,000
Amer. Smelt. <t Refining— Common stock, $50,000,000... > mm
Pref. stook, 7 percent, cum., $50,000,000
American Snuff— Stock, common, $12,500,000
Preferred, 6 per cent, non-oum., $12,500,000
...
American Steel Foundries— Stock, common, $20,000,000.
»*
Preferred stock, 6 per cent, cumulative $20,000,000....
American Steel Castings 1st mortgage, gold.G
1897
Amer. Straw Board IstM., g., s. f., sub. to call. IB
1891
American Sugar Refining— Common stock, $45,000,000.
Prer. stock, 7 p.o. cum. (not pf as to ass't), $45,000,000
.
New M.,
,
—
100
500 &o.
100
100
100
100
100
100
100
100
1,000
—
.
100
100
&
American Hide
Leather Co.— Organization.— Organized
New Jersey in 1899. V. 69, p. 493. In Jan., 1901, said to control
about 75 per cent of the upper leather output of the country, including
companies mentioned in V. 68. p. 925 except Webster & Co. and R.
Suhm L. Co. See V. 70, p. 77, and application to list V. 72, p. 673
Bonds, Etc.— Sinking fund of $172,500 retires bonds Sept. 1 yearly,
If purchasable at 115 or less, or if not will be invested in other securities. J. & W. Seligman & Co. financed the consolidation. 8tatus
Sept., 1903, V. 77, p. 771. Report for year ending June 30, 1904, in
V. 79, p. 967, showing earnings, including those of subsidiary companies, $1,204,601; int. on bonds, $511,500; renewals, repairs, sinking
funds, etc., $401,829; bal., sur., $291,272. Pres., Thomas W. Hall;
Directors, June, 1904, V. 71, p. 493; V. 73, p. 495; V. 77. p. 771; V. 79,
p. 105. Office, 96 Cliff St., N. Y.— ( V. 79, p. 105,629, 967.)
American Ice Co.— Organization.— Incorporated in New Jersey
on March 11, 1899. and in October, 1899, had acquired most of the
$10,000,000 stock of the Consolidated Ice Co. of New York (see V. 65,
6461) and the $10,000,000 stock of the Knickerbocker Ice Co. of
aine. For; list of plants, etc.. see V. 77, p. 2337; V. 69, p. 793; V. 70,
p. 585; V. 71, p. 1014, 1121, 1168, 1271; V. 72, p. 1036; V. 78, p. 1963.
Transacts a wholesale and retail business in New York City; Philadelphia, Pa.
Boston, Mass.; Baltimore, Md.
Washington, D. C;
Camden, N. J.; Cape May, N. J., and Atlantic City, N. J.
In May. 1904, the Boston Ice Co. purchased control of the Independent Ice Co. of Boston, guaranteeing, it is understood, the latter's 5 p.o.
bonds. V. 78, p. 1963.
Dividends.—On prefd Oct. '99, to Apr., 1902, 6 p. o. yearly; none
since. On com., Nov., '99, to Feb., 1902, 4 p. o. yearly none since
Bonds. -Of the 5 per cent collateral trust bonds, $2,508,000 were
nsed to reduce the floating debt, of which $320,000 have been redeemed and canceled and $218,000 were purchased and held by the
company on Apr. 1, 1904, and $1,783,000 were issuable to retire
$1,568,000 underlying bonds and real estate mortgages, of which
$391,950 were owned by the company, etc. Underlying securities, etc.,
V. 75. p 242. The "underlying bonds" above inolude Maryland Ice
bonds ($250,000 due Mar., 1940), see V. 78, p. 230, 585.
Report.— Report for 1903 (V. 78, p. 1107) shows profit and loss deficit Dec. 31, 1903, $170,921. Report of stockholders' committee was
given at length in V. 77, p. 2337; V. 78, p. 585.
Directors, ETO.-Wesley M. Oler (President); Guy B. Johnson (Vice-Pres't
and Treas.); Edward T. Bedford, Charles T. Barney, John A. Sleicher, John
Greenough. Charles I. Hudson, Bnos Wilder, William G. Crenshaw Jr.. K. M.
Thompson and Miles M. O'Brien. Secretary, J. R. Bennett. Office, 1178 BroadIn
;
;
way.
New York— (V.
78, p. 990,
1107,
1111, 1963.)
American Iron & Steel ITIfg.—See p. 1905,
American Light & Traction.— See page 1905.
American Linseed Co.— See page 1905.
American Locomotive Co.— Organization.— Incorporated in
B. Y. on June 10, 1901, as a consolidation of the various companies.
U
V 73 p 80) V 72 p 1189; v 73 P- 84 186,724. In Mar.,
in^, S'
-
'
-
-
-
-
'
-
-
-
1904, the entire capital stock of the Locomotive & Machine Co of
Montreal was acquired. V. 78. p. 1111. 1393. 1448. Rogers Locomotive Works are controlled by friendly interests. Co-operates with Gen-
Eleotrio Co. in construction of electric locomotives; see V.79, p. 1022.
Dividend, ETC.-Dividend on pref.. 1% p. c, quarterly, Oct., 1901.
to Oot., 1904, both inolusive. Bonded de*t of constituent companies:
Dickson Mfg. Co. 1st 5s. «562.f>00 (assumed), maturing Nov. 1. 1927; Richmond
Locomotive $<50,000 gold consol.
owned by Amer.
6s.
due Apr
Loc. Co.; International Air
1.1929 (a? sumedlof
which $118 0"0
Power (Rhode Island Loc. W'ks)
$200^00 (not assumed), due Feb. 1. 1919, but subject tocall at any timeto ensure the eventual retirement of the last-named $2fto,oo» ench of common
and pref Amer. Loc. stock are held in trust. Locomotive & Machine Co.
of
Montreal 1st 20-year gold 4s, $500,000, dated Mar. 1. 1904 ($1,000 each), guaran
teed principal and interest by Am. Loc. Co., which owns remaining Jl.ooo Ono
autnonzed issue: int. Mar. and Sect, at Royal Trust Co. of Montreal, trustee of
Report. -Second report for year ending June 30, 1904, was' in V. 79,
11
1161 earnings,
LJoE'o 9 dividends on pref. stock$5,663,766; interest and discount,
$238,226:
(7 p. c). 81,750,000; extraordinary
improvement and betterment fund. $1,000,000; balance to credit of
« <»"n«.
profit and loss, $2,675,540 (V. 74, p. 270.)
Officers.— Pres., Albert J. Pitkin; 1st V. P., James E. Sague; 2d V'
P.. R. J. Gross; 3d V. P. & Sec, Leigh Best; Treas.,
C. B. Denny!
Comptroller, C. E Patterson. Office, 25 Broad St., N. Y. Directors,
June, 1904, V. 72, p. 1240; V. 78, p. 2387.- (V. 79, p. 1022.)
A C O n8 O dat1011 COrp0rated
27 «
1st 4s
^^ ^
180?toN?EL£8^S? 'v: 70
Reorganization -The plan
,
p 4 78
*
[V. 76, p. 595, V. 77,
committee, Frederick Uhltnann, Chairman
*'*
p.
38], of the
(Standard Trust Co. of
New York depository), provides for authorization of $10,000 OuO com
mon and $10 000,000 4 to 7 p. o. pref. stock (present issue of each not
-
to exceed $6,139,000.) The existing bonds to be assumed.
to plan, V. 76, p. 1409; V. 77, p. 38.
Opposition
*
Stocks.—Authorized, $15,000,000 each common and preferred
m
is-
U d C
on
000 pref -> a8 in table. Dividends-On pref.,
- .
A ?14
Jan..'i o <S to Oct., 1899, incl., 7 p. o. per an. (1% Q.-J.); none
1898.
since.
V^'
*'
-Walter G. Oakman and Geo. R. Turnbull are trustees. V.
69, p. 956. 1013. 1195. Of 1st 6s shown in table above. $152,000 were
on uot- «$l, 1903, In treasury. Underlying mortgages, $56,000.
Report for year ending Aug. 31, 1903, V. 77, p. 1292, showed
Profits abo\e interest and $168,176 for improvements,
etc,"$4l0,491
Bonds.
OFFicERS.-Pres't, Chas. A. Stadler; Seo'y, F. D. S. Bethune
rreas., Louis L. Stanton. Directors, Nov., 1903, V.
77. p. 1876
63d St. & £. R.-(V. 77. p, 1876; Y 78, p. 77o' 1225.)
American Pneumatic Service.— See page 1905.
office.
Cent.
Whom.
Payable
Bonus— ±Tinoipal.When Due.
by Stocks— Last
Dividend.
.
1902
—
Rate
INTEREST OR DIVIDENDS.
Per When Where Payable, and
$100 $23,871,100 See text, Q.-F. 15 B'way&28th 8t..bych'k Feb. 15, '02, 1
100 14.920,200 See text Q.-J. 15
do
do
Apr.l5,'02,li«
New York.
1,000
1,970,000
5 g. A. & O
Apr. 1, 1920
....
....
Collateral trust bonds, $4,346,000, gold, Ce
Underlying bonds, Incl. Knlokb. 5s due Feb. 1, 1905...
Amer. Linseed— "Pi. stook, 7 p. c, non-cum., $16,750,000.
American Locomotive Common stock, $25,000,000
Pref. stook, 7%, oum., $25,000,000. (Bonds, see text)
;
Amount
Bonds Value. Outstanding
Amer. lee— Com. stock, $25,000,000 (V. 72. p. 392, 534)..
Pref. stook, 6%, cum., $15,000,000 (V. 72, p. 392, 534)
American Malting.— Preferred stock
Size, or
1887
N Y
I
1,176,050
16,750,000
25,000,000
24,100,000
14,440,000
3,810.000
5,830,400
4.337,500
See text
3,000,000
1,587,000
7,600,000
7,900,000
50,000,000
50,000,000
11,001,700
12,000,000
15,500,000
15,500,000
471,000
412,000
45,000,000
45,000,000
7 In
1900 Q.-M.
7 In
1904
"eg,
Sept. 15'00,1%
Checks mailed.
Oct. 21, '04, 1 h
Check from Co.'s office. Oct.15,'99, 1%
j."&"d, N. Y., Guaranty Tr. Co. Deo. 1. 1914
Q.-J.
See text.
J.
&
J
5
A.
<fe
O.
g.
By
oheck.
Oct.
7 In 1903 Q.- F. 15 Off.,282-4 Mich. Av.,Ch.
6g. M. & S. N. Y. EuioE. Tr. Co.
See text. Q- -M.
Cleveland, Ohio.
7 in 1904 u —J.
5 in 1904 Q -J.
N. Y., 71 Broadway.
do
do
7 in 1904 Q -J.
10 in '04 Q —J. N. Y., Morton Trust Co.
do
do
6 in 1904 Q -J.
See text.
5 g.
6g.
Q
ML,
F.
-M.
& N.
& A
7 in 1904 Q -J.
7 in 1904 See text
Jan.20.*02,lia
N. Y., 74
Broadway
do
do
Bos., Inter. Trust Co.
Checks mailed.
do
do
1.
1928
Aug.15,'04,1%
Mch. 1. 1920
Sept.1,'03,1%
Oct. 15, '04,1%
Oot.2.V04,li4
Oot.ll, '04,1%
Oct. 1, '04, 2ifl
Oct. 1, '04, 1»«
Aug.l, '04,1
Nov. 1. 1912
Feb. 1. 1911
Oot. 3. '04,
Oct. 3, '04,
1%
1\
American Radiator.— Inoorp. in N. J. on Feb. 10, 1899. See V.
68, p. 329. Proposed new plant near Litchfield, 111., V. 78, p. 104.
Common stook, $5,000,000; outstanding, $4,893,000; par. $100. Dividends on pref., May, 1899, to Aug., 1904, inclusive, 1% p. o quarterly
(Q-F 15). Report for year ending Jan. 31, 1904. with bal sheet, V. 78,
p. 986, showed: Net profits, $540,5 17; 7 p. o. on preferred, $210,000;
balance, $330,517. Pres., C. M. Woolley.— (V. 79, p. 629.)
American Sewer Pipe Co.—See page 1905.
American Shipbuilding Co.— Organization. — Incorporated
in New Jersey on March 16, 1899, to unite the shipbuilding and kindred interests of the Great Lakes. V. 68, p. 770; V. 70, p. 896;
V. 71, p. 344,1014; V. 73, p. 390. Div. on pref., July, 1899, to Oct. 15,
1904, mclu., 7 p.o. per an. (1% Q-J.) On common, 4 p. o for year,
paid quarterly Dec, 1902, Mar., June and Sept., 1903; in Nov., 1903.
dividends on common were passed for the present. V. 77, p. 2036.
Report for year ending June 30, 1904, in V. 79, p. 1640, showed:
Net earnings, $1,028,175; div. on pref., $553,000; div. on common
(I p. c) $76,000; depreciation, maintenance, reserve, etc, $288,048;
bal., sur.. $111,127. Pres., James C. Wallace, Chicago; Vice-Pres. and
Treas., R C. Wetmore; Sec, Ora J. Fish. Direotors, V. 73, r p. 390; V.
Office, Cleveland, O.— (V. 77,' p. 1224,
77, p. 1466; V. 79, p. 1463.
1535, 2036; V. 79, p. 1463, 1639.)
—
&
Refining Co —Organization, Etc.
American Smelting
Incorporated April 4, 1899, under laws of New Jersey, V. 68, p.
668. Owns and operates plants for the smelting of ores and the
treatment of lead bullion, copper bullion and copper matte in Utah,
Montana, Colorado. Kansas, Nebraska, Illinois, New Jersey, Mexico
and elsewhere. The principal merchantable products are bar gold and
silver, pig lead, electrolytic copper and blue vitriol. Controls the
Kansas City Smelting & Refining Co., the Omaha & Grant Smelting
Co., etc List of plants, rights of stook, etc, see V 68, p. 975; V. 68, p.
471,523; V. 70, p. 232, 281. V. 76, p. 974; V. 77, p. 2340; V. 79, p.1041
In Apr., 1901, the property of M. Guggenheim's Sons was acquired,
the stock being increased from $27,400,000 eaoh of common and preferred to $50,000,000 each. The output of lead and silver, it is stated,
is now about 85 per cent of the production in the U. S.
V. 71 p. 1271;
,
V. 72, p. 138, 724; see circular in V. 72, p. 185. V. 71. p. 1271.
Omaha Grant Smelt. 1st 6s, due March 1, 1911, $729,000, retirable about $70,000 annually by sinking fund, are the only bonds
&
pref. to Oct., 1904, inclusive, 7 p. c per an. (13» Q-J)
in 1904, 5 p. o.
Report.— Report for year ending April 30, 1904, at length in V. 79»
p. 1022, 1041, showed: Gross, $9,425,442; net, $7,814,319: dividend,
on pref. (7 p. c). $3,500,000; div. on common (21q p. c), $1,250,000;
bal., sur., $3,064,319.
Directors— B. W. Nash (Pres't and Chairmai of Board), Daniel Guggenheim (Ch man bx. Com,), Isaac Guggenheim (Treas ), Solomon R. Guggenheim,
Morris Gugg"nhelm, Simon Guggenheim, H. L. Hlgginson, Grant B Schley,
A. R. Meyer, D. H. Moffat, M. D. Thatcher. J. B. Grant, Guy C. Barton, Dennis
sheedy, N. Witherell, A, Kilers, H. L. Terrell, Barton Sewell, Vice Prest.
Edgar 1 Newhouse and Edward Brush, 71 Broaiway.— (V. 79, p. 1022, 1041.)
Dividends on
On common,
American Snuff Co.— Organization.— Incorporated in N. J. on
Mar. 12, 1900. Amer. Tobacco and Continental Tobacco.it is understood own $7,500,000 common and $2,500,000 preferred stoob. For
list of properties merged, claimed to have an output in 1899 of about
15,000,000 pounds of snuff yearly, see V. 70, p. 533, 634; statement
to N. Y. Stock Exchange, V. 72. p. 625. 672; V. 74, p. 428. Dividend
on pref., Jan. 2, 1901, to Oct., 1904, 6 p. c yearly. Div. on common,
Jan., 1903, to Oct., 1904, incl., 10 p. o.
Report.— Report for year ending Dec. 31, 1903 (In V. 78, p. 986),
showed: Net earnings, $2,177,828; div. on pref. (6 p.o.), $720,000;
div. on common (10 p. c), $1,000,170; bal., sur., $357,658. Pres., Martin J. Condon; Sec and Treas., E. D. Christian, 111 Fifth Ave., N. Y.—
(V. 75, p. 1255; V. 76, p. 540; V. 78, p. 986.)
American Soda Fountain.— Seepage 1905.
American Spirits Mfg.— See Distilling. Co.
American Steel Foundries Co.—Seepage 1905.
Am. Straw Board.— See United Box B. & Pap. Co.;
ZovX*
V. 78, p.
766,
American Sugar Refining.- N. J. corporation, successor in
Jan., 1891, of the Sugar Refineries Co.organized in 1887; plan, V.
Capital stock, originally $50,000,000, was increased
51, p. 609.
In Jan., 1892, to $75,000,000 (half pref.) to acquire
the capital,
stock of the four Philadelphia refineries and a controlling interest in
the Baltimore refinery. Spreckels's refinery in California has been held
under lease to the "Western Sugar Refining Co.." of which the " trust"
owns one-half the stock. Beet-sugar interest acquired, V. 64, p. 841:
V. 77, p. 771; coffee plants, V. 63, p. 1157; V. 64. p. 40; V. 70, p.
688, 1051; V. 71, p. 914; V. 72, p. 1137.
Beet sugar refineries In
U. S., V. 66, p. 132; V. 68, p. 280; V. 69, p. 1249; V. 76, p. 867. 1 194. Di
June, 1900, three independent refineries were consolidated as the Nat.
8u gar Refining Co. (see V. 70, p. 1096; V. 71, p. 31). See V. 70, p.
482, 634, 998, 1051; V.71,p. 136, 237, 699. Independents,V. 73, p. 238.
Estimated to have supplied in 1902 about 65 per cent of the output
of refined sugar in the U. 8., as against 90 p. o. formerly. V. 64, p. 328;
V. 71, p. 31; V. 67, p. 632; V. 69, p. 1104; V. 74, p. 96; V. 76, p. 160.
Stock.—In 1901 each class of stock was increased from $37,500,000 to $45,000,000 by sale at par to shai eholders. V. 73, p. 617.
DIV— P. c) 1892. '93. 1894 to 1899. '00. '01. '02. '03. 1904.
Common ...> 1013 21^2 12y'ly(3 Q.-J> 7^t 7 7 7
7
Preferred .. > ^p. 0. y'rly to date; nearly all Q.-J. V- 71, p. 1168.
Report.— No recent report. Annual meeting in 1904, see V. 78, p. 230.
A
INDUSTRIAL STOCKS AND BONDS.
1888
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of oolumn headings, &c. see notes on
Bonds Value. Outstanding
first page of tables.
American Telegraph <G Cable—Stock, 5 per cent rental
American Telephone & Telegraph—Stock, $250,000,000
100
1,000
l,000&c
1,000
5
500 &c.
OB
OB
,
,
—
-
Balance Sheet—
Dec. 31, 1903.
Dec. 31, '01.
Dec. 31, '02.
$34,669,191 $34,328,664
$35,180,057
36,862,702
Cash and debts receivable. 34,683,022
30,046.750
39,111,883
Investm'ts in other comp's. 51,9^6,127
45,270,776
12 ,248,64
Sugar, raw and refined
15.842.924
12,338,661
Total assets
$134,187,868 $125,8<2y,64l $122,551,888
Capital stock
$90,000,000
$90,000,000 $88,280,370
Debts
24,364,027
31,922,032
24,958,321
9,907.491
Reserves
10,871.320
12,265,836
Total liabilities
$134,187,868 $125,829,641 $122,551,888
Directors.— H. O. Havemeyer, Chas. H. Senff, Arthur Donner, Lowell M. Palmer, John Mayer, W. B. Thomas, John E. Parsons; Treasurer,
Arthur Donner. Transfer office, 117 Wall St., N.Y.— (V. 78, p. 767.)
-
& Cable.—Owns two cables between Nova
Leased until 1932 to Western Union—which see.
Telephone & Telegraph Co.— Organization.—
American Telegraph
Scotia and England.
American
Formerly owned the long-distance lines of the American Bell Telephone Company; in 1900 took over the other assets, including the
securities owned In local companies see V. 69, p. 826, 907, 1149, also
circular, V. 70, p. 585. See series of telephone articles, V. 69, p. 674,
826. 1034 . 1222; V. 70, p. 817. Capitalization licensee co.'s, see V. 73,
p 446. 555, 724; V. 76, p 596; V. 77. p. 2036; V 79, p 735. On 8ept.
30, 1904, 4,281,201 instrumeuts in use, against 3,603,718 on 8ept. 30,
1903. Decision as to Berliner patent, V. 72, p. 439; V. 73, p. 186; V. 76,
p. 244. Pupin patents, V. 72. p. 677; V. 76, p. 332, 59e>; V. 77, p. 39.
Controls West. Telep. &Tel. Co., the suocessor to the Erie Tel.
Telep.
Co. V. 73, p. 1267; V. 74, p. 42, 271. Decision as to claim of Western
Union, see V. 77, p. 951, 2160; V. 78, p. 585, 1220; V. 78, p. 153.
&
Stock.—On June 3. 1901, the authorized stock was Increased from
$100,000,000 to $150,000,000 and onMar. 1,1903, to $250,000,000. Of
the new stock, $2 1,943 200 was subscribed for by stockholders at par in
1903. This increased the outstanding stock to $131,6^5.100. V. 76,
p. 1356; V. 77, p. 39, 771. In addition $27,116,800 is held by Amer.
Bell Telephone Co. and is virtually unissued.
Dividends.— July, 1900. to Oot., 1904, inclusive, 7*s per cent per
annum, viz.: July 16. 2^; Oct. 15, 1^; Jan. 15, 2^; Apr. 15, l^a.
Bonds.—The collateral trust mortgage of 1899 provides for the immediate needs of the company and for future extensions as required
and >ecures equally the coll. trust bonds and the $10,000,000 Bell debentures. V. 70, p. 40; V. 72, p. 874. On deposit of additional collateral
further bonds may be issued, but to an amount not exceeding 75 per
cent of the estimated value of the collateral; and the issue at any time
outstanding must not exceed the amount of the company's capital
stock then paid up. V. 69, p. 1195, 1249; V. 70, p. 40.
The $20,00<\000 five p. c. go d note* of 1904 are secured by deposit of $25 000 000
collateral tiust bonds of 1899. V. 78, p. 1448.
Report.— Report for 1903 in V. 78, p. 1219, showed:
Fear ending Dec. 31.
1903.
1902.
1901.
Total gross earnings
$16,565,632 $13,277,457 $11,606,817
Surplus over interest charges.... 10,564.665
7,835,272
7,398,286
Paid dividends (7»a p. c.)
8,119,151
6,584,404
5,050,024
Pres.,Fred. P. Fish. Directors (Mar., 1903), V. 74, p. 682; V 76, p 655.
(V.78.p. 1963, 2444; V. 79, p. 153,272,735, 1267,1705.)
American Thread Co.— See page 1905.
—
(The) American Tobacco Co.—Organization.— Incorporated
on Oot. 20 as an amaleamatlon, under the law-< of New Jersey, per
plan. V 79, p. 1024, of the American, the Consolidated and the Continental tobiioco comp nies V. 79. 1 . 1705. See statements of those companies in tlii* Section tor July, 1904. The terms of exchange of the
<seouritl*»sjare given below.
In Octoier, 1904. the lower court dissolved th- temporary injunction preventing the proposed u erger. V. 79, p 1333, 1643, 1705.
The American Snuff Co Is controlled, +10,000 OoO of its stook being
owned; also $7,000,0
of the $10,000,000 stock of the American Cigar
Co., whose 4 p o. notes ($20,OoO '-00 a- tl>onz <d> were guaranteed,
principal and interest, by the American and Continent '1 companies.
V. 73. p. 1113; V. 72. i>. 531, 1037; V 78, p 1394. The Havana Company Is controlled. V. 74. p. 1141. See statements of three companies
named in this Section. The 'outlnental Co. acquired the *3 000.000
P. Lorillard Co comm n slock and also $1,581, >00 of the »2.000,000
Lorillard preferred stick a' par in exchange for 7 p. c. debentures. V.
70, p. i>31, 1051; V. 71, p. 646.
In Sept., 1902, an agreement was made with the Imperial Tobacco
Co. of England by which the two interests are lett undisturbed in
their own countries, respectively, the export business of both being
turned over to the British-American Tobacco Co., of whose $30,000,000 stock the Consolidated owned $20,000,000 and the Imperial $10,
000,000. V. 75, p. 735; V. 73, p. 618, 724, 1359; V. 76, p. 868. 921.
American Stogie Co., see V. 77, p. 148.
Terms of Exchange.— The securities of the old companies held by the
public have been mostly exchanged on the fallowing basis
-
Holders of each
WO of—
American pref stock
Cash for
dividend,
$2 00
xl-75
Will receive
c.
4
p. c.
bonds.
b
nds
6p
*
6%
pref.
stock.
$13313
II623
Com.
slock.
Continental pref stock
American com. stock
$100
Contli ental com. stock
100
Consolidated stook
100
4 p. c. bonds
do
y$!00
x Dividend already declared, payable Oct. 3. v The holder has the
option of taking e ther 50 p. 0. in preferred stook and 50 p. 0. in the
new 4s, or a less amount In preferred stock and the remainder up to
the full 100 p 0. in the 4 p. c. bonds, but In no oase will he receive
'
Whom.
Payable
Cent.
Dividend.
Q.-M. N. Y., West. Union Tel. Sept ,'04,1 14%
5
Oct.l5,*04, lJfl
131,695.100
713
Q.-J.
28,000,000
4
J. & J, N.y.,Manh.Tr!,& Bost'n July 1, 1929
May 2, 1907
20,000,000
5g. M. & N,
10,000,000
4
J. & J. Bost.. Nat. Bk. of Com. Julv 1, 1908
4,890,475 5 in 1904 J. & J. Guar Trust Co., N. Y. Julyl,'04.2>«
do
Jan. 1, 1919
6,000,000 4 g. or £ J. & J.
do
4 0,242,450
78,689,100
50 &c. 56,090,416
Gold bonds (notmortgage), $56,100,000 auth Mo.c*&r
50 &c. 78,689,100
do
do
$78,689,l< Oautli.Mo.c*&r
1900 100 <tec
Cont'l Tobacco gold deben $2,000,000 (V. 70, p. 331)
1,581,100
100
American Type Founders—Stock
4.000,000
100
1,648,800
Pref. stock, 7 per cent, cumulative, $2,000,000
100
1896
Deb., g. $1,000,000, s. f ., $20,000 yrly. beg. Sep., '00M
900,000
100
Amer. Wallham Watch Co.— Stock, $4.000.000
4,000,000
100
See text.
Amer Windoiv Glass Mach— btock, com., $13,000,000..
100
See text.
Preferred stock, 7 p. o cumulative, $7,000.000
100 20,000,000
American Woolen Pref. stock, 7 p. c, cum., $25,000,000
100 12,500,000
Amer. Writing Paper— Fret, stock, 7% cum., $12,500,000
1,000 16,219,000
1st M., s.f..g.,$17,000,000,oall.aft. July,'09,105.OB.c* 1899
100
Associated Merchants— Common stock
5,019,200
100
1st pref., 5 p. c. cum., $10,000,000, convert, at par. .text
4,920,300
100
2d pref., 6 p. o. cum., see text
5,060,500
Bethlehem Steel and Beth. Iron,— See U. 8. Shipbuilding Co.
Brooklyn Ferry—Stock, $7,500.000
6,500,000
Real estate and maohinery
Bonds— Prinoi
INTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where payable, and by Stocks— Last
$100 $14,000,000
.
Collateral trust mortgage, our.
o* 1899
(V. 70, p. 40)
1904
Collateral trust notes, gold.
Am. Bell deben.OB. V. 67, p. 72. 1355; V. 70, p. 40.0* 1898
Amer. Thread— Pref. stock, $6,000,000 5 p.c, oum.,g.or £
1st mortgage, $6,000,000. gold or £
G.C 1899
American Tin Place Oo.— 8ee United States Steel Corp OKATI ON.
100
American Tobacco Co.—Com. stock ($100,000,000 auth.)
100
Pref. (also as to ass.), $^0,000,000 6% cum. See text
,
[Vol. lxxix
—
-
Oct. 1, 1944
New York.
& O.
Aug. 1, 1951
do
& A
7 g. A. & O. Baring, Magoun & Co. Apr. 1, 1905
Oct 15/04, 1%
4 in 1904 Q-J.
Checks mailed.
do
Oot.15,'04, 1%
do
7 in 1904 <^.— J.
6g. M. & N. N. Y., Merc. Trust Co. May 1, 1926
12 in '03 J. & D, By company's check. J'ne 1, '04, 4%
6
4
g.
g.
A.
F.
7 in 1904 Q.-J. 15 N. Y., Guaranty Tr. Co. Oct.15,'04,1%
5 g.
7 in 1903
5 in 1901
6 in 1901
& J. Boston, Old Col. Tr. Co July 1, 1919
Q.-M. Hud.Tr., Hoboken.N.J Sept.l,'04,l\
J.
do
do
do
do
Oct. \ 5, '04,
Oot.15,'04,
Ik
1H
more than 50 p. c. in the preferred shares. These options to the publlo
were provided for in the agreement referred to below. Assenting
holders will be expected to surrender all their bonds for exchange.
Stock— Of the stock, $1,310,900 preferred and $40,242,450 eom"
mon are not to be issued at present. The preferred stock has voting
powt r only in such matters as the statute expressly gives the power
to vote.
See V. 79, p. 1025.
Bonds —No mortgage oa
the property or specific charge on earnings
shall be create! exceut in express subordination to the rights of the
holders of both issues of bonis. The rights of the 6 per cents are
prior to those of the 4s.
sinking fund of $500,000 is to be paid
annually to the trustee of the 6 p o bonds for their purchase In the
open market at not exceeding 120, the money, in oase they cannot be
obtained, to be returned to company. See Chron. Oot. 29, 1904
Earnings— The position of the new companv on the basis of the
earnings of the constituent companies in 1903 (V. 78, p. 1107) excluding duplication arising from the inter-ownership of stocks is officially figured as follows:
Net earniugs of constituent companies in 1903, after expenditure of large sums for extension of business
$22,228,182
I>educt req lirements of new company —
Interest on r56 090,416 6 per cent bonds
$3.36>,425
A
Intereston +76,689.100 4 per cent binds
Dividends on $78,689,100 6 per cent preferred stook
Balance, surplus, applicable to dividends on $40,242,450
common
3,147,564
4,721,346
$10,993,847
stock
Officers.— President. James B. Duke; Vice-Presidents, John B. Cobb,
Caleb C. Dula, Charl«s E. Halliwell, William R. Harris and PercUal
S. Hi 1; Secretary, Wm. H. McAllister; Treasurer, John M W. Hioks.
Directors. V. 79, p. 1024.— (V. 79, p. 1024, 1333. 164 s, 1705.)
American Type FoundersOo.— Inoor'd lnl892 under laws of N.
J., V. 55, p. 625 and adv. In 1896 the capital stock was readjusted.
V. 62, p. 682. In 1903 stockholders subscribed to $684,500 preferred
stock at $12 scrip and $88 cash to pay floating debt, etc., raising
amount outstanding to $1,648.S00.
Bills
payable Ausr. 31, '04, $650,000.
V. 76, p. 656; V. 73, p. 955, 1358.
New plant In Jersey City, V. 77, p.
1292; V. 79, p. 1703.
Dividends on com.: Oct., 1898, to Oot., 1904, inol., 4 p.c. per an. In
addition in Jan., 1902, 6 p.Jc. scrip and in Apr., 1903, 3 p c. scrip was
paid. Div. onjpref. paid July, 1902, to Oct., 1904, incl., 1% p.c. quar.
annual Report.— Report for year ending August 31, 1901, In
V. 79, p. 1703, showed gross profits after deducting expenses,
$439,222; interest charges, $92,274; net, $346,948; div. on common
(4p.o.) $160,000; div. on pref., $111,434; bal., sur., $75,514. Pres.,
R. W. Nelson, 300 Communipaw Ave., Jersey City.— (V. 79 ,p. 1 703.)
American Waltham Watch.—Incorporated
in Massachusetts
manufactures "Waltham" watches; factory situated at Waltham, Mass. Daily output of watch movements, 3,000 V. 76, p. 161.
'01.
Dividends. ) 1879-95. '96. '97. '98. '99. '00. '01 '02. '03.
June, 4
25» 3 10 10 10
6
6
12
Per cent. 5 8 yearly. 6
1903, Mar., 4. p. c: July, 2 p. c, interim dividend for period from
Mar 15 to June 1, 1903; Dec, 6 p. c, inol 2 extra. V. 77, p. 1876.
Balance sheet Mar. 31, 1904, V. 78, p. 2440.-(V. 78, p 2140.)
American Window Gla«s machine Co.— See page 1905.
American Woolen Co.— Organization.— Incorporated Mar. 29,
1899, under laws of New Jersey as a consolidation of the Washington
Mills, Lawrence, Mass.; National Providence Mills, Providence, R I.,
etc., see V. 68, p. 472; see also p. 617; V. 69, p. 77; V 73, p 446; V. 73,
p446; \.l\,v-S45 Statement to 8tock Exchange. V.71.p. 1316.
Stock.— Authorized by stockholders, $25,000,000 preferred and $40,000,000 common. Outstanding preferred, as in table; common, $29,501,100 Dividends on preferred, July. 1899, to Oct., 1904, both in
elusive, 7 p. c. per annum (Q.-J. 15). Only Hen is $65,000 bonds of
Chase Mills, already provided for. V. 71 p. 1 316
Earnings.— Report for year ending Dec. 31, 1903, in V. 78, p. 985,
1118, showed: Net profits, $3,343,520; previous surplus and adjustment of accts., $4,611,076; divid'ds at 7 p. 0. per an., $1,400,000; net
surplus, $6,554,596. Pres., Fredk. Ayer; Vice Pres. and Treas.. W.
M Wood; Asst. Treas., W. H. Dwelly Jr.; 8eo., Jos. T. Shaw. Ottioe,
Ames Building, Boston, Mass. Direotors, Mar., 1904, V. 78, p. 1118
-(V. 78, p. 98 5, 1108, 1118.)
in 1854;
.
American Writing Paper Co.—Organization.— Incorporated.
New Jersey on June 25, 1899, as a consolidation of fine writing
paper mills, producing, it was stated, over 84 per cent of the output 01
New England States and over 76 per cent of that of the U. S. V. 69,
See prospectus, V. 69, p. 128, 227. Common stock, $11,p. 25, 128.
In
500,000. of which $2,000,000 in treasury; par of shares, $100; preOf the $17,ferred stock and bonds as in table. See V. 70, p. 998.
000 000 bonds, $381,000 were In the sinking fund In Jan., 1904, and
$400,000 in the treasury uncanceled. V. 76, p. 540. Report for cal.
year 1903, with balance sheet. In V. 78, p. 8 18, 1221, showing: Net income, $1,473,852; Int. on bonds, construction, depreciation, etc., $1,099,742; bal., sur., $374,110; sinking fund. $115,575.
Officers.— President, W. N. Caldwell; Treas'r, George B. Holbrook
Secretary, E. H. Hall, Holyoke, Mass. New directors May, 1904, V.
78, p. 1963 -(V. 78, p. 770, 818,12*1,1963.
Anaconda Copper Mining— (V. 75, p. 136, 850; V. 78, p. 2013.)
See Nat. Asph. Co. and V. 78, p. 231; V. 79,
A nphalt Co. of
p. 1705.
Am.—
Awaoclated Merchant*' Co.—Organization.— Incorporated in
in Connecticut, under special charter, and acquired
Apr., 1901,
$4,500,100 of the $9,000,000 stook of the H. B. Clafiin Co.; 12,000 of the 18,000share« of preferred and 6.O1X) of the 18.000 shares
of common stock of the Adams Dry Goods Co. and the business of
Oct., 1904.|
INDUSTRIAL STOCKS AND BONDS
1889
INDUSTRIAL STOCKS AND BONDS.
1890
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of column headings, &c, see notice on
Bonds Value. Outstanding
first page of tables.
B'klyn F<rry (Oonel.)— B'klyn & N. Y. Ferry, 1st M. c*&r
Consol. mortgage, $7,500,000.
o*
Brooklyn Union Gas— Stock, $20,000,000
1st con., $15,000,000, g. G (for underlying bds.see text)
Debentures, convertible after 3 years
Buffalo Gas— 1st M., $5,900,000, red. at 115. gold.N. ..c*
Buff. <6 Sus. Iron— 1st M., $3,000,000, g., red. text.Nc'&r
Bush. Terminal Co.— 1st M., $3,?>00,000, oonv. text Ko*
Cam bria Iron— Stock (4 p. c. guaranteed)
Cam bria SteeJ— Stock, $50,000,000
Term notes, part due yearly
Celluloid Co.— stock, $6,000,000 authorized
Central Foundry— Deben., $4,000,000, gold, red. 105
Central <B South American Telegraph— Stock $8,000,000..
Chicago Junction Railways <£ Union Stock Yards— Stock..
Preferred, 6 per cent cumulative, pref also as to assets.
1886 $500&o
1898
1,000
100
1895
1,000
1904 500 &c
1897
1,000
1902
1,000
1902
1,000
50
50
1900
1,000
100
1899
ibo
100
100
1,000
Collateral trust, gold, $ or £ Ce
c* 1890
Mort. and coll. trust ref. gold bonds, $14.000,000.S.c*&r 1900 l.OOO&o
100
Chicago Pneumatic Tool Co.— Stock, $7,500,000
100
Claflin (H.B.) Company— Common stock
100
1st pref. 5 per eent, gold, cum
V pref. as to princi100
2d pref. 6 per cent, cumulative
I pal and dividends. >
1,000
Colorado Fuel & Iron— Conv. deben., red. at 105 IC.c*&r 1901
1,000
Colorado Fuel Co's gen. mort., gold, s.f., red.HO.Mp.c" 1889
1,000
Col.F. &I. gen. M. ($6,000,000) g.,s.fd., red. 105.Ce.c*<fcr 1893
New Bonds to bb Issued Under Plan.
Col. Industrial consol. 1st M., $45,000,000. gu..conv.Co 1904
K
.
l
James McCreery & Co. of 23d St. In Dec, 1901, purchased the business of Posner Bros, of Baltimore (now Stewart and Co ) and in 1903,
2,000 shares ($200,000) of the$250.000 common stock of C.G.Gunther's
Sons. V. 77, p. 449. V. 73, p 1358. The business of H. O'Neill & Co.,
purchased by President Claflin, will probably be taken over later.
V. 76, p. 540. The 1st pref. is exchangeable at par. at holder's
option, into either com. or 2d pref. stock. In Oct., 1904, about 80
per cent of the stockholders had agreed that the rights to dividends
be amended so that The first and second preferred shall be entitled to
receive ** per cent extra above 5 and 6 p. c, respectively, for each
1 p. c. the common shall receive over 7 per cent. V. 79, p. 1706.
DrvTDENDS-On preferred stocks, in full to Oct., 1904 (Q -J.) On
common, Dec, 1902, to Sept., 1904, bothinol., 1% p. c quarterly.
Report.— Report for 6 mos. ending Aug 1, 1904, with balance
sheet, was in V. 79, p. 785. President, John Claflin.— (V. 79, p. 1706.)
Bay State Gas Co.—Stock, $250,000,000; par, $50. See p. 1905.
Barney Sc Smith Car Co.— See page 1905.
Bethlehem Steel Co.—See United States Shipbuilding Co.
Borden's Condensed Milk Co.—See page 1905.
Brooklyn Ferry.—Organization.—Owns ferries from Roosevelt
Grand 8t 23d St. and 42dSt., New York, to Broadway, Brooklyn,
and from Grand St., New York, to Grand St., Brooklyn; also leases
St.,
,
Tenth & Twenty-third St. Ferry for 99 years from Dec, 1898, at 5 p. 0.
on $550,000 bonds and 5 per oent on $1,000,000 stock. V. 67, p. 1206.
Statement to N. Y. Stock Exchange, V. 69, p. 1102.
Mortgage
covers real estate in Brooklyn andN. Y. and 16 steel boats. Report
for year ending Dec. 31, 1903, in V. 78, p. 1277, showed: Gross, $1,420,495; net, $612,422; int. on bonds, $385,000; rentals, $77,500; balance, but., $149,922— (V. 74, p. 1250; V. 76, p. 868; V. 78, p. 12 77.)
Brooklyn Union ti as. —Incorporated in New York State Sept. 9,
1895, per plan V. 61. p. 831, and V. 62. p. 1141; V. 64, p. 8S7.
Stock, Etc. Stock was authorized Dec 30, 1903. to be increased
from $15,000,000 to $20,000,000 for extensions and improvements.
Pending issue of stock, $3,00 »,0i)0 five-year 6 p. o. debentures were
subscribed for by stockholders pro rata at par, convertible into stock
at par after 3 years. V. 77, p. 2341; V. 78, p. 289.
Dividends.— 1896 to June, 1900, 6 p. 0. yearly, Dec; 1900, to Mar.,
yearly; June, 1904, 2i«p. c; eept 2^ p. c
of 1895 is for $15,000,000 of bonds, subject to
Bonds.
Interest.
Outstanding. Maturity.
Citizens' Gas 1st
£33,000
5% A. & O.
Apr. 1, 1905
Citizens' Gas, con.
5%F.&A.
256,000
Feb. 1, 1940
Union Gas 1st
6% J. J.
July 1, 1905
129,000
Union Gas L. con.
5% J. &J.
36,000
Jan. 1, 1920
Pres., James Jourdan; Treas., E. R. Chapman.— (V. 78, p. 1909.)
1904,
incl.,
8 p.
0.
,
Bonds.—Mortgage
M
M
M
M
Brunswick Dock
&
Improvement Co.— See
page 1905.
1899, and consolidated the
Buffalo City Gas Co. and Buffalo Gas Light Co.
See listing, V. 77, p.
34. Stock common, $7,000,' 00; >ref., 6 p. 0. non-oum., $2,000,000, of
outstanding; par $100.
which $1,713,000
October 1 to Aug 31, 1904, 11 months, net. $247,692. Report for year
ending Sept 30, 1903, la V. 77, p 2;J37. showed net, $341,212; int on
bonds, $290,250; bal., surplus, $50,962. A. C. Humohreye, 31 Nassau St., Pres.— (V. 76, p. 707, 920; V. 77, p. 34, 299, 2337.)
6c
Buffalo Gas.— Organized
in Oct.,
Buffalo Ar «usquehanna Iron Co.— Organization.— ( See Vap.)
—Incorporated in New York May 14, 1902, and owns 50 acres on Buffalo
Harbor, South Buffalo, N. Y., on which has been built a plant with two
blast furnaces having a capacity of 600 to 700 tons of pig iron dally.
This plant has been operated sirce Sept., 1904. Leases fur 50 years ore
lands in Mee ala range, Lake Superior region, near Hibbing, Minn., and
in Menominee range at Iron Mountain, Mich., and coal lands at Tyler
and Sykesville, Pa., in the well-known Reynoldsville basin. Controlled
by Wm. A Rogers of Rogers, Brown & Co., Hugh Kennedy of Pittsburgh and F. H. & C. W. Goodyear or the Buffalo & Susquehanna Ry.,
which is building extension to Buffalo. See that co. under railroads;
also V. 74. p. 1040, 1092; V. 75, p. 795; V. 76, p. 596; V. 78, p. 770; V.
79. p. 1463. Stock, $600,000.
Bonds.—The $3,000,000 flr-t mortgage gold 5s of 1902, (N.Y. SecurTrust Co., trustee), are due June 1 , 1932, but are subject to call
ity
as an entire issue at 107^0 and interest on any interest day after Deo.
1, 1907; they are also redeemable at par for the sinking fund in the
order of their numbers, beginning at the lowest number at the rate of
$100,000 yearly from June 1, 1907, to June 1, 1931, both inclusive.
President, Wm. A Rogers.— (V. 78, p. 770; V. 79, p. 1463,)
Iliikh Terminal Co.— (See Map.)— Organization, Etc.— Incorporated In New Vork on Feb. 14. 1902 (V. 74, p. 477). Owns extensive terminals on the water front, 43rd to 51st streets, Brooklyn, covering 16 city blocks, 3 piers, each >4 mile in length, a large number of
warehouses, railroad tracks, etc See full statement in V. 76, p. 974,
1032; V. 77, p. 1227.
&
The shareholders will vote Nov. 17 on (1) purchasing the property
Bush Co Limited; <2i on issuing $1 ,500,000 of preferred stook, and
(3) on making a mortgage to the Title Guarantee & Trust Co., as
trustee, to secu r e *10.o00 000 of 5 p. 0. gold bonds, due in not more
than 50 years and subject to call after 10 years at par and interest
Securities —Stock authorized, $7,000,000, all of one kind (par of
shares $100 each), of v. hich $3,00^,000 is outstanding and $500 000 remains in the treasury, the balance being reserved tor the conversion
of
.
of the bonds at the option of the holders, dollar for dollar on or beThe first 4s are limited to +3,500,000.
fore January 1, 1910.
See V. 76. p 974. Only rear part* of property can be sold and proceeds of sale up t" $300,000 must be lined to retire bonds. Beginning
July 1, 1907. a sinking rund equal to 1 per cent of outstanding bunds
must be applied to purchase of bonds at not exceeding par and int.
$1,000,000
6,500,000
15,000,000
14,546,000
3,000,000
5,805,000
3,000,000
3,436,000
8,468.000
45,000,000
960,000
5,925,000
3,863,000
7,725,600
6,500,000
6,500,000
10,000,000
4,000,000
6.032,900
3,829,100
2,600,300
2,570,600
14,068,000
600,000
5,355,000
[Vol. lxxix.
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
Cent.
Whom.
Payable
Dividend.
&
J. B'klyn, First Nat. Bank
Jan. 1, 1911
J.
5 g. F. <fe A. N. Y. H. B. Hollins & Co. Aug. 1, 1948
See text Q-M. By check from Co.'s off. Sept. 1, '04, 2i«
5 g. M. & N. N. Y., Chase Nat. Bank. May 1, 1945
6
,
6
5
M.
g.
5g.
A.
J.
4g. A.
4 in 1904 A.
3 in 1903 F.
& 8.
O.
& D.
& O.
& O.
& A
&
J.&D. 15
8 in 1904 Q.-J.
6 g. M. & N.
6 in 1904 Q.-J.
8 in 1904 Q.-J.
6 in 1904 Q.—J.
Mar.
do
Aug
do
5 g.
J.
A.
&
&
J.
O.
See text. See text
g.
1904
<4—J.
5 in 1904
6 in 1904
Q.-F.
Q.-F.
3 in
5
6
g.
F.
g.
M.
5g.
31,000.000
F.
& A
& N.
& A.
1909
15.'04,75o
1904 to 1906
5
4
1,
N. Y., Standard Tr. Co. Oct. 1, 1947
N. Y., Fisk & Robinson. June 1, 1932
N. Y.. Knick. Trust Co. Apr. 1, 1952
Oct. 1, '04. 2%
Checks mailed.
N. Y. Of., 30 Wash. PI. Oct. 1, '04. 1»«
NY.Bar'g,Magoun&Co. May
1,
1919
N. Y., Office, 66 B'way. Oct. 6, '04, li«
N.Y.,Oflice,25 Broad St. Oct. 1, '04, 2%
do
do
Oct. 1, '04, l£
N.Y., Cent. Tr.; London. July 1, 1915
N. Y., Standard Tr. Co Apr. 1, 1940
Checks mailed.
Jan. 25. '04, 3*
Checks mailed.
Ocl.15,'04. 2%
do
do
Nov. 1, '04.li*
do
do
Nov. 1, *04,lia
See text.
Aug. 1, 1911
N. Y., Metrop. Trust Co. May 1, 1919
N.Y., Chase Natl. Bank Feb. 1, 1943
New
5 g.
1934
York.
Report for 6 mos. ending Jan. 31, 1904, in V. 78, p. 1546, showed:
Net earn., *84,746; lnt taxes, etc, $68,398; bal., sur., $16,348. Pres.,
Irving T. Bush; Vioe Pres., C. J. Lawrence; Treas., R. Gould Simonds;
Sec, Frank Gallagher. Offioe. 117 Pearl Street, N.Y.— (V. 79, p. 1643.)
Butterlck Co. See page 1905.
Calnmet 6c Hecla Mining.—Stock, $2,500,000; par $25. Dividends 1895-96, 100 p. c; 1896 97, 120 p. c; in 1897-98, 160 p. c; in
1898-9, 280 p. c; 1899 00, 320 p. c; 1900-1, 260 p. c; Dec, 1900, 80 p.
1901, Apr., 60 p. c; July. 60 p. c; Oct., 60; 1902, Jan., 40; May, 20;
Aug., 20; Dec, 20 p. c; 1903, Mar. 20 p.c; June, 40 p. c; Sept.,40 p.o
Dec, 40 p. c; 1904, Mar.. 40 p. c; June, 40 p. c; Sept., 40 p. 0. In
1903 04 produced 38,310 tons of refined copper, against 38,316 in
1902-03 Report for year ending Apr. 30, 1904, in V. 79, p. 498— (V.
77, p. 2099; V. 79, p. 498.)
Cambria Steel Co.— Incorp. in Penn. in Nov., 1898, per plan In V.
67, p. 688, leasing Cambria Iron Co. for 999 years at 4% on its $8,468,000 stook. (V. 68, p. 128.) V. 75, p. 443, V. 76, p. 862; V 78, p. 1166.
In June, 1901, a controlling interest was acquired bv the Pennsylvania RR. and affiliated roads. V. 72, p. 1282, 1190. V. 73, p. 84, 393.
Of the 5 p. 0. notes, $350,000 are payable m 1904, $45,000 in 1905
and $565,000 in 1906.
Dividends.— Since reorg. 1902 to Aug '04, incl., 3 p. 0. yearly.
Report for year ending Dec. 31, 1903, with balance sheet was in
V. 78, p. 1166, showing net, $3,048,755; other income, $424,125;
charges, $464,614; dividends (3 p. c) $1,350,000; depreciation, $400,,
;
;
:
,
000; lmp't fund, $500,000, bal., sur., $758,266.
p. 339, 844.— (V. 76, p. 656, 862; V. 78, p. 1 1 66 )
Company.— Organization.— Incorporated
Celluloid
1890, in N.
Directors, V. 73,
Nov.
28,
Stock, $6,000,000; issued $5,925,000; par, $100.
J.
Dividends.Percent
)
'93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03.
'04
8'
4 4»a 6
7
7 8
8
Factories at Newark, N. J.: office, 30 to 36 Washington Plaoe, N. Y.
President M. C. Lefferts; Vice-President, J. A. Bartow; Treasurer, F.
.
$
5*2
4
R.Lefferts; Secretary, J. R.
4
4*9
Halsey— (V.
71, p, 1168; V. 75, p. 1304.)
Central FIrewoiks Co.— 8ee pagel905.
Central Foundry Co.— See page 1905.
Central A: South American Telegraph.—Owns oable line from
Vera Cruz, Mexico, to Valparaiso, Cmli, 4,750 miles, and land lines
Also the Trans-Andine telegraph lines, 1,200 miles.
miles, etc.
Connects at Vera Cruz with Mexican Telegraph Co., and owns an interest in oable between Galveston and Coatzacoaloos, 825 miles, etc.
'97.
1898 to Oot., 1904
Dividends, ) 1885. '86. '87. *88-'96.
6 yearly (Q.-J.).
6^
4
6
7 y'rly
Percent. S 4
In 1890 20 per cent in stock. Report for year ending Dec 31, 1903,
was in V. 78. p. 1225, showing gross, $1,072,134; net, $666,838; div.
(6 p. c), $463,536; renewals of oables, $62,710; bal., sur., $140 591.
Year 1902, gross, $1,002,571; net, $614,540; dividends, $463,536.
Office, 66 B'way.— (V. 75, p. 1304; V. 76, p. 1028; V. 78, p. 1225.)
Central Union Telephone Co.—See page 1906.
Chesapeake 6c Del. Canal.—Seepage 1906.
Chesapeake 6c Ohio Canal—Sup. '90; V.74, p. 329; V. 78, p. 1111.
Chicago Edison.— See page 1906.
350
Chicago Junction Kail ways 6c Union Stock Yards.— Organization.—Incorporated in 1890 in New Jersey, and purchased 98
per oent of the stook of Union Stock Yards & Transit Co. of Chioago.
Thus controls over 450 acres of land (with one mile of water front),
containing warehouses, sheds and pens to aooommodate 75.000
oattle, 300,000 hogs, etc See Chioago J unction Ry. in "Railroads/'
Dividends.—On pref., 6 p. c yearly (Q.— J.). On oommon 1891, 10;
1892 to Oct., 1904, incl., 8 p. c yearly (Q-J). V. 70, p. 328.
Bonds.—The collateral trust bonds are secured by pledge of over
120,000 shares of the stock of Union Stook Yard Transit Co. Of the
$14,000,000 4 per oent bonds, $10,000,000 are reserved to take up
,
the collateral trust 5s.
See V. 70, p. 1251; V. 72,
in V. 78, p. 764.
p. 389.
Report.— Report for 1903
Tear ending Dec. 31—
Dividends of U. S. Y. Co., &c
Balance previous year
General expenses, rents, &o
Interest
1903
1902
1901.
$1,849,175 $1,852,388 $1,857,625
522,922
366,929
236,911
65,412
71,395
62,608
660,000
660,000
706,000
910,000
910,000
910,000
55,000
55,000
55,000
on bonds
Dividends
Depreciation
Balance, surplus
Vn Stock7ds.6Tr.Oo.— 1903.
$5,140,000
Gross earnings
2.062,824
Netearnings
$681,685
1902
$4,547,197
$522,922
$366,928
1901.
1900.
$4,401,216 $4,154,481
2,075,360
2,117.851
2,085,005
Directors.— Chauncey M. Depew (Chairman), E N. Fobs, Boston;
F.
H. Prince,
National Thayer, Boston; John Kean. N. J.;
Boston; Albert H. Veeder and P. A. Valentine, of Chioago; Wm. D.
Guthrie and William C. Lane, of New York; George Poabody Gardner,
Boston. N. Y. office. 25 Broad St.— (V. 78, p. 286; V. 78, p. 764.)
Chicago Pneumatic Tool.— Seepage 1906.
Chicago Telephone Co.— (V. 78, p. 1214; V. 79, p. 154.)
Claflin ( II B.) Company.— Incorporated under the laws of New
Jersey In May, 1890, and deals in dry goods. Frontage 375 feet on
Worth St., N. Y. City. V. 71, p. 83. Associated Merchants' Co. owns
$4,500,100 of the $9,000,000 stock. See that 00. above. V. 72, p. 724.
.
Dividends.-
'93. '94 to Apr.,'99. J'y.&0..*99. '00. '01 '02. '03. '04.
7*2
6 (l^ Q.-J.)
2eaoh.
8
8
8
8
8
Preferred stooks.— In full to Nov 1904.
Com., p.o
,
INDUSTRIAL STOCKS AND BONDS.
Oct., 1904.]
Whitehall
39th St. Fer.ry to
St.,
..V.
V.
189!
39th ST.
f
H.W.JOHNS-MANVILLE CO.
;BMUMS«^
V:
'C4 0;^M:
M:;*
Yr
ff^
i-m=±rsT.
L
42nd
ST.
43 'A
ST.
ilH
m
i
— —
£.r..—— . __.
44Lh
/
^
,
.
47th
.
•.*;./;
%
ST.
48th
'
ST.
49th
ST.
50th
ST.
C0&0&?$:&:&
51st
NAVAL. MILITARY
ARMORY
SgflfiL.
MAP OP THE
Bush Terminal
Co.,
Docks
and Connections.
BUSH TERMINAL
Piers,
CO.
Warehouses and
Railroad Terminals.
EXPLANATION
Bl
Piers
and Warehouses Completed
ft
m
Back Lots
for
:;y
\
Improvements
•S'S
kd'i
Railroad Yard
U
"I
Piers
and Warehouses Proposed...
Bush Company Limited
N E
\
W YORK
;L
BUSH
B A F D0C
Back Lots Sold
^St.George^,.^
N.y ..tj.
;0 i.R.ferV'
TERMiNALDTompkinsville / 5
.
ST.
-
II.
!!a
-&Zi
m
INDUSTRIAL STOCKS AND BONDS.
1892
MISCELLANEOUS.
Size, or
Amount
Par
of
For explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
Ool.Fuel <e Iron— (Ooncl,)— Bonds of Properties Contr
Gr. lliv. Coal & Coke 1st M.. g. ($125,000 guar.). Co..
Col. Coal & Ir. Devel., 1st M., g.,red. 105. Ce
o**r
Rooky Mountain Coal & Iron, 1st mort gold, guar.K.
Ool.dk Hock. Coal <6 Iron— 1st M.. g., (old 6s int. red)< e.c*
Commercial Cable—Stock auth. $25,000,000 (V.76,p.215)
First M. (incl. deben. (fi stock), $20,000,000. gold.F.cfcr
Commercial Union Telegr.— 8tk., gu., 6 p. e., Post. Tel Cab
Consol. Gas of Baltimore— Stock auth., $11,000,000
1st mortgage bonds
o
0*
Consol. 1st M.,gold, $3,400,000.»»eBa
General jnortgage, $15,000,000, gold
o*
Consolidated Gas (N. T.)- Stock— $ i 00,000,000
,
INTEREST OR DIVIDENDS.
Rate per When Where .Payable, and
Cent.
1889
1889
1901
1887
$1,000
1,000
$917,000
673,000
710,000
806,000
16,000,000
20,000,000
500,000
1,000
100
....
$&£
1897
25
....
5 g.
4
6
below.
Bonds.— See
application for listing gen. mort. bonds. V. 62, p. 461.
convertible debentures of 1901 pee V. 72, p. 990; V. 73,
p. 561; V. 74, p. 731; V 77, p. 2037. In July, 1903, $932,000 had been
converted. V. 74, p. 939.
The Interest on ail the debentures due Feb. and Aug., 1904, was paid.
V. 78, p. 315, 1964; V. 7*. p. 502.
Dividends.— '94. '95. '96. '97. '98 '99. 1900. '01. '02. 1903.
Common
3^ 3^ None since
Preferred
Feb., 4%
4 so.
8
4
40
8
8
Reorganization. - Under the reorganization plan (V. 77, p. 1037,
2282,2341; V. 79, p. 736, 126"?) the Colorado Industrial Co is to be
organized and create an i-sne of 145,000.000 convertib e consolidated
first mortgHge guaranteed bonds covering the entire property as re
united under the plan, directly or by pledge of debentures, subject to
the existing divisional Mens. About $13,600,0'
cash will be provided
tore-purchase properties sold, pay for enlargements and improvements, complete additions in progress and enable the company to
operate with reasonable economy. The common stock will be increased
about $6,200,000 as shown below. The new bonds are issuable or
reservtd as follows:
Issuable in exchange $ for $ for present debentures
(which also receive 20 p.o $2,800;000, In common stock) $14,000,000
p. o.
i
,
To provide approximately
$13,* 00,000 for repurchase of
properties sold and for additional capital.
17,000,000
Reserved to retire $ for $ the eil-t1ng fir t mort. bonds.
6,000,000
8,0c0.000
Reserved for additional capital and fn ute requirements.
The bonds issued in exchange for debentures will be likewise convertible into stock at par
A syndicate has agreed to underwrite the
$13,600,000 cash payment, receiving $1.00o In bonds and $200 in
stock for each $800 paid, the stockholders and then the debenture
holders to be given The right to subscribe on this basis. In Oct.,
1904, $12, 358,000 of the $14,068 000 old bonds had assented, and the
stockholders ratified the plan. V. 79, p. 1706.
Report.— Report for 1902-03 in V. 77, p. 693.
Gross
Net
Tear end'g June 30. 1903.
1902.
1903.
1902*
. .
.
,
Fuel department
$9,304,427
Iron and steel depts.. 6,981,828
Retail dept., eto
367,708
Total
Bal.toino. acct.
,
$6,683,952 $1,305,022
6,873,052
926,781
303,591
26,046
$960,100
l,014,95fi
26,033
$16,653,963 $13,860,595
deduct'g gen. expenses..
$2,257,849 $2,003,088
aft.
$1,990,9?3 $1,8)01,925
Other Income In 1902-3, $66,359; interest, $1,045,143; taxeus, $115,476; sink, fund, etc., $613,111; div. on pref., $80,000; bal., $203,612.
Officers.— President and Chairman of Board, F. J. Hevns; ViaePres., E. Parmalee Prentice; Secretary, D. C. B«aman.
Office Denver, Col. New York office. 35 Wall St.
Directors:— F.T.Gates J. D. Rofkefeller Jr., E. Parmalee PreDtlce, Geo.
J.Gould. Benjamin Nlnoll, J. H. McClement, John C.Osgood K.J. Hea'De, E
W. Oelebay. Kdwin Hawley. E. H. Harriman and Jamw H. Hyde Executive
Committee. F. T.Gates iChairman). K.J. Hearne, J. D Uookefeller Jr., Geo.
Gould, John C. Offiood— ( V. 78, p. 198t, V. 7», p. 502, 736, 126;, 1641, 17U6 )
J.
Columbus & Hocking Coal & Iron Company.—Organized at
Columbus,
O., Jan. 26, 1883, and
(13,250 acres of land) in Ohio.
owns
large coal and iron properties
See V. 44, p. 278» V. 63 p. 559.
Organization.— Reorganized In 1898 without foreclosu»e per plan
In V. 65, p. 976, interest being reduced from 6 to 5 per cent.— V. 65, p
367, 976: V. 67, p. 28— see end't on bond V. 66, p. 81. Stock common,
$7,000,C00 (par $1' 0); outstanding, $6,924,400; balance reserved to
retire $18,900 remaining 5 per cent pref. stock. V/72, p. 11S5. Divi
dends on common stock, ^ p. o. Deo. 1, 1902; 1903,
p. c; Mar.,
1904, 14 p. c; none >lnoe to Oct., 1904. V. 78, p. 2387.
Report.— Report for year 1903-4, V. 78, p. 2009; V. 79, p. 214.
Gross.
Net.
Charges. Div.ont.om Bal. sur.
Ir. to Mar. 31.
1903-04
$543,^00 $14-4.703
$76,680
$69,004
$3,019
6i*,872
179,0*7
80,504
190203
68,986
29.597
m
President. N. L. C. Kachelmaohr r, Columbus, Ohio; Vice-Pres L. C.
A. L. Thurman. N. Y. office, 37 Broad St.
Directors, May, 19u4, V. 78, p. 1964; V. 79, p. 214.
Commercial Cable Co.— Owns three cables from Nova Scotia
to Ireland one from Ireland to Havre, France two from Ireland to
Bristol, England; two Nova Scotia to New York and one to Rockport,
Mass., Ac; and one from Fayal (Azores), to Canso (Nova Scotia), one
,
Lathrop; See. and Treas
;
.
;
g.
O. N. Y. .Knickerbocker Tr.
J. N. Y, Ladenb'g, T.& Co.
N. N. Y.,Knickerbocker Tr
J. N. Y., Central Trust Co.
Q.—J.
J.
text. J.
6
J.
5 g. J.
5
4
g.
g-
J.
F.
5g. M.
5 g.
5
5
5
5
5
5
5
j
.
J.
&
&
&
&
Q.-J.
8
1
ance, sur., $15,470. Reserve for com. stock June30, 1904, $1,276,794.
Profits for calendar years before deducting any dividends: In 1903,
$619,847; in 1902, $629,563; in 1901, $650,554.— (V. 79, p. 214.)
Colonial Sugars Co.—V. 77, p. 1224,1227, 1239; V. 79, p. 502
Colorado Fuel 4c Iron Co.— A Colorado corporation formed
in October, 1892, by consolidation [V. 55, p. 373, 639,1 of Colorado
Fuel and Colorado Coal & Iron companies. See V. 62 p. 461 In June,
1903, the Rockefeller-Gould interests assumed control. V. 76, p.
1410. The annual capacity of finished steel products is to be 550,000
tons. V. 73, p. 561; V. 75, p. 1149; V. 79, p. 736. Col. Fuel & Iron
interests own entire stock of Colorado & Wyoming Ry., 170 miles,
which in Mar., 1903, made a mortgage to secure $7,500,000 4 p. c.
bonds (present issue $4,500,000). See "Railroads."
Stock.— Preferred Is $2,000,000 8 per cent cumulative (par $100);
common, authorized $44,200,000, of which a part is reserved to
retire, $ for $, the convertible debentures of 1901 not assenti»g to the
p'au. Stock inoreases, see V. 69, p. 494, 540, 697; see also circular in
full, p. 652, 653, 794, and circulars V. 72, p. 1284, and reorganization
J.
g.
5g. M.
1
Report.— Report for half-year ending JunB 30, 1904(V. 79, p. 214).
Net for dividends, $310,760, against $303,994 in 1903; interest on 1st
and 2d pref., $142,125; dividend on common (4 p. c), $153,164; bal-
A.
5
&
J.
10,770,968 See
& D.
3,584,500
& J.
3,400,000
& J.
2,500,000
4^g. A. & O.
80,000,000 8 in 1903 Q.-M.15
1,450,000
M. & N.
5
See text.
J. & J.
6
100
,
For 5
When Due.
Slocks— Last
Dividend.
pal
by
Whom.
Payable
6g.
1880 500 <fec.
1888
1,000
1,000
1904
100
....
1,000
Debentures
r 1888
1,000
Debentures $20,000,000 auth con v. after 3 years.... o 1904
Bonds of Companies Controlled.
1,000 15,000,000
1898
N.Y.Ed.-N.Y.G &E.L.H &P.lstM.$15000000,g.]Tloc*<fcr
1,000 20,929,391
Pur.mon.M.,$21,000,000,g.,sub.tocalltoFeb'02Ce.c* 1899
1,000
4,312,000
Edison Elec. 111., N. Y., 1st M.. gold, red. at 110 Ce..C 1890
1,000
2,188,000
First consol. mortgage, $15,000,000, gold. Mo
c* 1895
1,000
Mt. Morris Elec. Lt., 1st M., g., red. at 105 Oct. 1, 1900 1890
988,000
1,000
4,838,000
United Elec. Lt. & Power, 1st mort., $5,370,000. Cn... 1894
1,000
3,500,000
Equitable Gas L. cons, (now 1st) M.Ce Assumed by (
100
500,000
1896
Debentures, subject to call
New
3,500,000
N.Y.& East River Gas 1st mort., g.O o* f Amsterdam] 1894 1,000
1,000
1,500.000
1895
1st con. M., ($5,000,000),gold.K ..o*
Gas Co.
{
New Ams'dam 1st cons. M..gold, $20,000,000 .Ce..o*<fcr 1898 l.OOO&o 10,635,000
.
Bonds —ITinol-
OLLED
'.
I
[Vol. lxxix.
g.
J.
M.
J.
g.
g.
g.
g.
M.
M.
J.
J.
J.
&
&
&
&
&
&
&
&
&
&
&
do
N. Y., Guaranty Tr. Co.
Central Trust Co.
do
do
N.Y.Guaranty Trust Co.
S. N. Y.,
J.
J.
J.
N. Y., Kniok'b'r Tr. Co.
New York
Office.
May
1,
July
do
New York.
J. N. Y., Morton Trust Co.
S. N. Y., Cent. Trust Co.
J. N. Y., Union Trust Co.
N.
May
1,
1,
1,
1,
1919
1909
1951
Jan.
1917
N. Y., 253 Broadway. Oct. 1,1904,2
N.Y., F.L.& T.Co. & Off Jan. 1, 2397
New York.
Julv, 1904, 3%
Baltimore.
June 1, '04, 2
Farm. <fe Mer.Bk., Bait. July 1, 1910
Nat. Bank of Bait.
July 1, 1939
Bait., Fid. & Depos. Co. Apr. 1, 1954
N. Y., Office, 4 Irving PI. Sept. 15, '04, 2
D. N. Y., Morton Trust Co.
A. N. Y., Central Trust Co
S.
Apr.
Apr.
1,
1908
1909
Dec. 1, 1948
Feb. 1, 1949
Mch.
July
1,
1,
Sept. 1,
July 1,
Mch. 1,
1,
Jan. 1,
Jan. 1,
Jan. 1,
May
1910
1995
1940
1924
1932
1906
1944
1945
1948
from Fayal (Azores) to Ireland; total cables 13,000 miles. Also controls
Commercial Pacific Cable Co., whose lines fcom San Francisco via
Hawaiian Islands to the Phillipine Islands, 8,000 miles, were opened
on July 25, 1903. V. 76 p. 541; V. 77, p. 39, 198.
Jan. 1, 1897, Postal Teleg. Cable Co. was purchased and its stock of
$15,000,000 mostly exohanged, $ for $, for 4 p. c. bonds. The 1st mort.
covers all property and leases and also the stocks owned of the various
companies controlled- see V. 64, p. 951; V. 72, p. 535. Postal Co. Deo.
31,1903, bad 200,972 miles of wire (land lines). 3,017 offices. The
Postal Co. has also working arrangements with 75,273 miles of wire, and
handles business for 16,960 additional offices. V. 74, p. 1357; V. 75,
In Mar., 1904, a majority of the stock was exchanged for stock
of the Mackay Companies on the basis of $200 par value in 4 p. 0. cum.
preferred and $200 oommon stock of the Mackay Companies for $100
Commercial Cable stook. V. 78, p. 990. In Oct., 1904, stockholders
subscribed for $1.0 n 000 new stock at par, raising the amount outstanding to $16,000,000. V. 79, p. 1464.
Dividends.—
1889.
1890.
1891 to 1896.
1897 to 1904.
Percent..
6
l^a
:
7 yearly.
8 yearly.
Report.— Fiscal year ends Deo. 31 Report for 1903 in V. 78, p. 1107.
p. 79.
Tears.
Gross.
Net.
Int., etc.
Div'ds.
Reserve.
1903
1902
1901
$11,025,634 $2,513,440 $804,913 $1,200,000 $500 000
10.208,293
2,383,589
500,000
800,000
1,066,664
9.629.794
2.259,896
1.066,664
500,000
783,694
Office. 253 B'dway, N.Y.— (V. 78, p. 990, 1 1 07; V. 79, p. 1464.)
Commonwealth Electric Co. of Chicago.— See page 1906.
Compressed Air Co. ofBor. of Manhattan.— Sure, for July,
1902; V. 78, p. 1448.
Consolidated Car Heating Co.— Supplies steam and hot water
apparatus for heating railway trains and electric heaters for street
oars, etc.— V. 70, p. 232. Stock, $1,250,000; outstanding, $1,130,400;
par $100. Dividends F. & A.
Div'sPer cent,
'95 '96
"04
'97 '98 '99 1900 '01 '02 '03
1
313 1^
3
4
6
1^ h^ 6 7
Officers and directors Tune, 1900, V. 70, p. 1252; V. 76, p. 1357.
Offloe, 42 Broadway, N. Y.— (V. 76, p. 1357; V. 78, p. 1111.)
)
'93
'94
i
3
6
Consolidated Gas of Baltimore City.— Incorporated May
5,
1888, under the laws of Maryland. In July, 1902, new management
was elected. See Chronicle V. 74, p. 1358.
Price of gas was reduced on Junel, 1900, from $1 25 to $1 10 per
V. 70, p. 431, 635, 794, 1097.
1,000 cubic feet.
Dividends.— > '92. '93 to '96. '97. '98. '99. '00. '01. '02. '03. 1904.
Per cent... $4*3 5 yearly. 4 1* 4^ 4 5% 3*4 3
3 June, 2.
Bondp.— Of the 50 year general 4 14s of 1904 ($15,000,000 authorized issue; Fidelity & Deposit Co. of Maryland, trusteo). $1,000,000
have been sold for improvements and extensions, $1,500,000 were
being issued in Oct., 190i, to retire the certificates of indebtedness
$7,0 0.000 are reserved to retire outstanding 5s and 6s, maturing 1910
and 939, and the remaining $5,500,000 are (issuable from time to time
after July 1, 1906 for not exceeding 80 per cent of the cost of extensions and permanent improvements. V. 78, p. 1964, 2014, 2331, 2387;
V. 79, p. 1643.
Earnings.— Statement for year ending Dec. 31, 1903, was in V. 78,
fixed
p. 2331, showing, gross, ¥2,2:11,964; net earnings, $851,248;
charges, $438,617; dividends (3 p a), $328,000; bal., sur.. $84,631.
Officers.— President, Ferdinand C. Latrobe; Sec, Edgar T. Powers*
Treas., Jos. W. Clarke; Gen. Mgr., A. S. Miller. Office, cor. Lexington and Liberty Sts., Bait. Direotors, July, 1902, V. 75, p. 187.— (V»
78, p. 2387; V. 79, p. 1643.)
1
Consolidated Gai of New York.—This company was organized
Nov. 11, 1884, as a consolidation, and in 1899-00 secured control of
all the other gas companies and of all th« eleotrio lighting properties
In Manhattan, New York City. In Dec, 1903, work was begnn on new
plant at Astoria, Long Island, to be completed within two years V.
78, p. 105, 1964; V.79, p. 105,629. In July, 1904, the N. Y. & Westchester Lighting Co. was formed to operate in the district of New
York City. See separate statements following:
Dividends -Formerly 6 per cent; from June, 1893, to 1898, 8
p. 0. yearly; in 1899, 5 1* p. c; 1900, Maroh, 1 p. c; Jnne, 1 p. 0.;
Sept., 1900, to Sept , 1904. both inclusive, 8 p. c yearly (2 Q.-J.).
Since 1897 the price of gas has been reduced from $1 20 to $1 (beginning in 1901) as required by law. V. 64, p. 1000.
Stock, Etc.— In 1900, stook increased from $39,078,000 to $54,595,200, and in July, 1900, to $80,000,000 to oomplete the control of the
gas and electric light business in Manhattan, to provide for improvements.eto. Of the last issue, the final $6,562,598 was Issued at 150
on Sept. 15, 1903. V 77, p. 300. The controlled properties acquired
in 1899 00 are described below. 8ee also V. 70, p. 1293 (see also p.
1051,1097, 1197; V. 71, p. 184,544). In 1904 the authorized issue
was increased to $100,000,000 to provide for the convertible feature
of the new debentures. V. 78, p. 1964.
In 1904 stockholders subscribed to $20,000,000 6 p. c. debentures
at par, payable 30 p. c. on July 1, 30 p c. <>ct. 1 and 40 p. 0. on Deo.
31, 1904, or optionally in full on either of the first-named dates. The
debentures are convertible into stock at, par on July 1, 1907, or any
interest day thereafter. V, 78, p. 1964, 2014, ' 336.
Bal. sheet June 30, 1904, V. 79, p. 1022. Report for year ending
Dee, 31, 19"3, was in V. "8. p. 341, showing net profits of cal. year
1903, above dividends, about $2,500,000 against $2,100,010 in 1902.
Officers— President, Harrison E. Gawtry ; Vice-Presidents, Walter
R. Addioks. Samuel Sloan and Lewis B. Gawtry; Sec, R. A. Carter;
Treas., .las. A. Bennett. Trustees— H. E. Gawtry, Samuel Sloan, John
Sterling, "W. Rockefeller, M. Taylor Pyne, Geo F Baker, Jas. Stillman, S. S. Palmer, Frank Tilford, F. A. Schermerhorn, A. N. Brady, T.
W
.
.
INDUSTRIAL STOCKS AND BONDfc
Oct., 1904.J
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
Fjt explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
Oontolidated Qas (AT. Y)— (Concluded) o*
Central Union Gas, guar. p. & 1., N. Y. & E. R.Ce
Standard Gas Light, 1st mortgage, $1,500,000, gold.c
No. Union Gas, 1st M., $1,500,000. g., not guar. K...O"
Westchester Lighting, cod. M., $10,000,000, g.Col .o*
Other bonds See test
N. Y. & Wes. L gen. M., $10,000,000, g., gu.,red.text.Ce
Debentures $2,500,000, gold, guar., p. & i
Consolidated Tobacco—See American Tobacco Co.
Consolidation Ooal— Stock
1st M., $750,000. g., sink, fd., red. eaoh Jan. at 105. G.
Rsfunding M., $7,500,000 auth., gold, 8. f., red. 110 ..S
Continental Tobacco— see amekican Tobacco Co.
Corn Products— Common stock, $50.000,000
*
Pref. stock, 7 per oent, cum., $30,000.000
,
.
1897
1890
1897
1900
$1,000
1,000
1,000
1,000
1904
1904
1,000
1897
1904
1,000
100
1
100
100
Nat. Starch, deben,
g., s. f.,
$8,000,000. call 105. Usm.
<£•
F. Ryan.
Office,
502, 629, 969,
4 Irving Place.— (V. 78,
1022,
p.
1900
1,000
1,000
1,000
Text.
1890
1901
100
1903
1904
1,000
100
1898
1,000
1894 100 &c.
1903 500 &o
2014, 2336; V. 79, p. 105,
NEW AMSTERDAM
GAS.
Incorporated Nov. 1, 1897, and consolidated N. Y. & East River and
Eq. Gap Light, per plan V. 66, p. 133. Owns entire $7,000,000 stoci
of New York Carbide & Acetylene Co.
Securities.—The stock authorized is $13,000,000 of common
stock, $10,000,000 of 5 p. c. preferred, cumulative after Nov. 1, 1900,
Newoonsol. 5s for $1,365,000, preferred stoek $1,000,000 and common
$835,000 in June, 1900, were in treasury available for future needs.
Par of shares $100. Over 80 per cent of the outstanding stock is held
by the Consolidated Gas Co. V. 70, p. 897, 948, 1052, 1197, 1252.
(2) NEW YORK EDISON COMPANY.
May 23, 1901, as a consolidation of the N. Y. Gas & Eleo.
Heat & Power Co. and the Edison Eleo. Hlum. Co. of N. Y. Owns
Organized
Light,
large power plant located on 1st Ave., between 38th and 39th Streets.
V. 69, p. 704; V. 68. p. 1025; V. 70, p. 283, 482. Stock, $45,200,000,
practically all owned by Consol. Gas Co. V. 72, p. 1038.
Bonds.—The first 5s of 1898 ($15,000,000) are secured Dy a first
lien on the company's new power plant and other property and pledge
of various securities; list see V. 68, p. 773,824,1025; V. 76, p. 268
The 4s of 1899 are secured by a purchase-money lien on the former
Ed. Elec. Ilium, property, subject to bonds of 1890 and 1895, and by a
second mortgage lien on the remaining property of the consolidated
company. V. 72, p. 939, 1038.
(3) NEW YORK MUTUAL GAS LIGHT CO.
Incorporated in New York Apr. 17, 1866, under special charter.
Stock, $3,500,000, of which over a majority, it is understood, is held
In the interest of the Consolidated Gas Co. Par of shares, $100.
Dividends— ) 1894 to 1897. 1898. 1899. '00, '01. '02. '03. 1904.
TD8filnce 1893, p 0. *
9 yearly.
8
7
9
3
9
9
9
1901 to 1904, inolusive, Jan., 4; July, 5 p. 0.
(4) STANDARD GAS LIGHT CO.
Organized in 1886. Owns 160 miles of gas pipes north of 13th St.,
New York. The Consolidated Gas Co., it is understood, owns two
thirds of the stock, which Is $5,000,000 common and $3,721,100 pref.
Drvs— '91. '92. '93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. 1904.
<Oom.
1
4
5
8
5
2
6
6 Jne.,3
Pref. % .. 3%, l*a
4
6 8 6 2** 6 6 6 Jne.,3
4
5^
Office. Third Ave. and 49th St., N. Y. V. 71, p. 1273; V. 72, p. 1241.
%
^
UNITED ELECTRIC LIGHT & POWER CO.
owned.— V 70, p 40.
CENTRAL UNION GAS CO.— (0) NORTHERN UNION GAS CO.
(5)
Stock, $6,000,000, all or mostly
(6) (a)
Compare V,
65, p. 462, 366, 112; (b) V. 65, p. 621, 977.
(7) WESTCHESTER LIGHTING CO.
Supplies gas and electricity in Westchester County north of New
York City. See V. 71, p. 1023, 1175 In July, 1 904, the New York
Westchester Lighting Co. was incorporated, and after conveyance to
it of all the property of the Westchester Lighting Co. made the bond
issues shown in the table above. The new company was then merged
In the Westchester Lighting Co., which became re-possessed of its
former property, subject to the lien of the mortgage debt. The Consolidated Gas Co. is supposed to own most, if not all, of the capital
stock. See V. 79, p. lbO, 217. 504, 1706.
Bonds.—The general mortgage bonds of 1901 ($10,000,000) bear
interest on a sliding ecale, .beginning at
of 1 per cent and risir.g to
4 per cent from July 1, 1914, to maturity. They are subject to call on
or after July 1, 1905, at par and interest. V. 79, p 1706. They are
guaranteed, principal and interest, by the Consolidated Gas Co.. as
are also the $-,500,000 of new 5 per cent debentures. The underlying bonds not shown in the table above (Westohester Lighting 5s
being reserved to retire at par the N. Y. & Sub. Gas and New Roohelle
s and Fuel issues) are:
BondsInterest.
Outstanding.
Ma'urity.
New Koohelle Gas & Fuel lsts M... 6
$95,000
Jan. 1 1908
New York & Suburban Gas 1st}
6g.
a843,' 00
Mar. 1.1949
M., g., gnar., p. & i., by Am. \ Subject to call at 105 & int. after Mar. 1,
(a)
&
^
G
J&J
M&S
Gas
Co.
Hudson Rtv. Gas & Elec. 1st M
White Plains Lighting 1st M
(a)
V. 68,
p. 474;
V. 70,
p.
)
1909.
5
6
M& N
b250.000
335,000
May
June
1,
1,
1929
1938
844; (b) V. 63, p. 824; V. 70, p. »44.
For year ending Deo. 31, 1902, gross, $1,037,799; net, $375,338;
Int on bonds, $252,920; bal , sur., $122,418. In 1901, gross, $849,153;
net, $251,040. -V. 69, p. 701, 1706.
Consol. Gas of Pittsburg.—See Pittsburg In St. Ry. Section.
Consol. Lake Super.—See Lake Superior Corporation.
Consolidated Railway Lighting &. Refrigerating Co.
—Incorporated in New Jersey in Mar., 1901, per plan, V. 72, p. 677,
Stock author.. $22,000,000; outstanding, $17,500,000; par of shares,
$100; $1,400,000 was to remain in the treasury for future requirements. Faotory at Derby, Conn. No bonds. Report for year ending
Deo 31, 1903, was in V. 78, p. 1220 Dlreotors, V. 74, p. 632. Pres.,
Isaac E. Rice. Office, 11 Pine St., N. Y.-(V. 74, p. 632; V. 76, p. 481.)
Consol. Rubber Tire —Sup. July, '03; V. 78, p. 1 220, 1 5 00, 1909.
Consolidated Tobacco Co.—See American Tobacco Oo.
Consolidated Water Co. of Utica, N. Y.—Incorporated in
Nov., 1899, and by purchase of existing properties acquired control of
practically all the water available for city of Utica, N. Y. V. 69, p.
956, 1064. Stook, co nmon, $1,500,000; pref., 5 p. c. non-oum., $1,000,000; par of shares, $100. First mortgage, $2,500,000 thirty-year gold
OS, $2,100,000 outstanding, due Jan. 1, 1930, int. J.&J , at Redmond
Co.. New Yorfe; N. Y. Sec <fe Trust Co., trustee; improvement
and extension (2nd) 6s, $250,000, dated July 1, 1903, due Jan. 1, 1913,
subject to call after 1904; Trust Co. of America, N. Y., trustee. Pres.,
John V. Bacot.-(V. 77, p. 198, 1876.)
&
5g.
J.
5
5
8
M.
M.
g.
g.
A
5&6
««
T.
&
&
&
&
J. N.Y..H.B. Hollins &Co. July 1, 1927
N. N. Y.. Mere. Trust Co.
May, 1930
N. N. Y..H.B. Hollins & Co. Nov. 1, 1927
D. N. Y, Colonial Tr. Co. Deo. 1, 1950
Various
to 4 g. J. A J
5g. J. & J
Ef.
Y. Central Trust Co. July
do
do
July
1,
1,
2004
1954
0,250,000 4 In 1904 Feb. 1 N. Y., Guaranty Tr. Co. Feb. 1, '04, 4%
do
Jan. 1. 1922
do
480,000
4^ g. J. & J.
May 1, 1934
New York.
4*2 g. M. & N.
4,050,000
N. Y., Cuyler, M.
-F.
5 g. J. & J,
4,137,000
778,000
6g. I. & D.
6 g. M. & N.
2,853,000
2.200,000
6 g. M. & S.
25,000,000 See text. Q-M.
6g. A.21&O.
See text.
5 g.
See text.
11,695,350 7 In 1904 Q-J.
5 g. J. & J.
850.000
8,000.000
5 g. J. & J.
5 g. J. & J.
See text.
& Co.
do
do
-J.
Feb.10,'04,1%
Oct.10,'04,
N.Y.J.T.Weed,25Broad July
May
1,
1,
1,
Sept.
J'ne, '04, int. pd.wh. due
N. Y. J.T. Weed,25Brcad
1,
Dec.
1%
1925
1921
1920
1926
Checks mailed.
Sept. 29 '03.1%
Union Tr. Co., Pittsb'g, Oct. 2i,*06 08
1909 to 1924
Oct. 1, '04, 1%
Checks mailei.
N. Y., Washington Tr. Jan. 1, 1918
N.Y. Fourth Nat. Bank. July 1, 1914
July 1, 1923
New York.
Consolidation Coal Co.—Incorporated
in 1864. Baltimore &
Coal mined in 1903, 1,753,783 tons;
in 1902 1,746,069 tons; in 1903, total, including f ubsidiaries, 7,129,470.
Owns $1,500,000 stock of Cumberland & Penn. RR. (which see)
and guarantees its $1,000,000 bonds. Early in 1903 a controlling interest was acquired in the Fairmont and Somerset Coal companies
(whioh see), the former controlling the Clarksburg Fuel and Northwestern Fuel companies, the last named owning large docks at Chi.
cu co. Milwaukee and SuDer lor. In Nov., 1903, $510,000 of the $1,000,000 Metropolitan Coal Co. stock was purchased V. 78, p. 1271;
V. 79, p. 502. Of the $7,500,000 refunding 4yj of 1904, $4,030,000
has been issued to pay for properties acquired. $1,750,000 is reserved to retire the 4^9 due 1922 and $1,000 000 Cumberland &
Penn. 5s due 1921, and the remaining $1,700,000 for future requirements; sinking fund, 4 cents per ton of coal miued. V. 79, p. 502.
Dividends since 1883: for 1884 and 1885, 1; for 1886, \; for 1887,
lis; for 1888, 2M from 1889 to Feb., 1903, inclusive, 2 p. o. yearly;
n 1904, 4 p. c, including 2 extra. V. 78, p. 289.
Report.— For 1903 in V.78, p.1271. showed: Gross, $4,700,837; net,
$1,870,249; charges. $648,003; dividends, $410,000; depreciation, etc.,
$134,729; bal , sur., $677,512. Pres., C. W. Watson. Office, Cont. Tr.
Bldg., Bait. Directors, Mar., 1904, V. 78, p. 1277. - (V. 79, p. 969.)
Continental Tobacco Co.— See American Tobiooo Co.
Corn Products Co.— Organization.— Incorporated in New Jersey on Feb. 6, 1902, and acquired, per plan, V. 74, p. 329, 381, 1086:
Ohio RR. owns $5,353,200 stock.
1706.)
(1)
Bonds— .frlnoiINTEREST OR DIVIDENDS.
pal.When Dae.
When Where Payable, and by Slocks— Last
Payable
Whom.
Dividend.
Cent.
Rate Per
45,215,500 See text.
7
27,380,700
Unassumed Bonds of Allied Companies.
United States Sugar Refinery, gold, 1st mortgage
Nat'l Starch Mfg. Co., 1st M.., gold (sinking fund) ITIa
N. Y. Glucose Co. 1st M., $2,500,000, g., s. f. See text.
Crucible Steel Co. of Amer.—Frel. st, 7 p. o. cum CPl. ..
Collateral trust debentures, $5,000,000, gold.UPi..c*
1st mortgage. $7,000,000, gold
Telegraph— Stock, $20,000,000..
Cumberland. Telephone
1st mort.. $1,000,000, gold, s. f. (other bonds see text)
Denver Union Water Co.— 1st mortgage, $8,000,000, gold
South Platte Can & Res. 1st M.g.,gu.end..red.text.IWo
$3,450,000
1.362,000
1,250,000
5,916,000
1,023.000
See text.
See text.
1893
;
New
Capital
Company—
co.
owns.
stock.
Dividends.
,
97
>
'98 ' 99 '00 '01 •02
1!^ 6 6 5^ 1
7
7 7 7
IN
Glucose Sugar Refining Co.. com.$24,027,:«)0 $21,80^,000
7 per cent cumulative, pref
13,688,300 13.168.KO0
National Starch Mfg. Co.. com..
2,595,900
2,445,800
Incorp'd
3,651,800
6 per cent cumulative, pref ...
4,028,300
May, '00 ii«6 *?
Illinois Suuar Refining Co
750,000
760,000
Not known.
Charles Pope Glucose Co
120.000
120,000
1.226.00J
N.Y. Glucose Co. ($2,000,000 pf .)
8,500,000
For Glucose Co. see V. 65, p. 327; V. 67, p. 1263, and V. 73, p. 960);
for National Starch Co., V. 70, p. 742); Illinois Sugar Refining Co., V.
73, p. 496; New York Gluoose Co., V. 72, p. 393. The allied Interests
report a capacity of 203,000 bushels of corn daily. Cuyler, Morgan
Co. are interested.
Stock authorized, common, $50,000,000; pref.. 7 percent oum., $30,000,000; about $2,000,000 of each class to remain in the treasury, together with any amounts not used in exchange.
Dividends.- On pref., July, 1902, to Oct., 1904, incl., 13* p. o. quar
On the common stock, May, 1S03, to Feb., 1904, 4 Jp. c. per anuum!
none since to July, 1904. V. 78, p 1169.
Bonds.—The bonds of controlled companies have not been assumed,
but the interest and sinking fund charges are payable from their
earnings before any dividends can bo paid on their stocks. Of the National Starch d. bentures, $3,778,000 are reserved to retire bonds of
Nat. Starch Mfg. and U. S. Sugar Refinery companies. Of the New
York Glucose 6s, 4 per cent of each bond ($40) is retirable Sept. 1
yearly, beginning 1902, but the bonds are not subject to call. V. 74,
p. 1086. The interest due June 1.1902, on U.S.Sugar Refluery bonds was
paid in July; since to Jane, 1904, when due. V. 74, p. 1310; V. 75, p. 79.
Report.— Report for the year ending Feb. 29, 19t 4, was in V. 78. p.
1905, showing: Net inoome for year, $1,490,017; balance, surplus, in
1902-03, $2,5a7,776, after deducting *l,4i«.066 (54 p. c ) dividends
on preferred stock; deduct $1,916,446 dividends (7 p. c.) on preferred
shown in 1902-03 report and *1,808,296 (4 p. c.) on common, leaves
bal surplus, Feb. 29, 1904, as per balance sheet, of * 353,05 1.
Officers.— Pres., C. H. Matthiessen; Vice-Pres. and Sec, C. L. Glass;
Treas., Benj. Graham. Directors, V. 74, p. 530; V. 76, p. 703; V. 78, p.
1225. Headquar., Chic, HI.; N.Y. off., 25 Broad St.-(V. 78, p. 1905.)
Sons' Ship
Engine Ruilding Co.— Inoor.
( Win.)
in Penn. Mar 26,1872. In Apr., 19C3, $5,000,000 op. c. serial notes,
maturing part Jan and July 1, semi-annually, viz.: $80,000 for 5
years, then $110,000 for 5 years, then $140,000 for 5 years, then
$170,000 for 5 years, but subject to call at 102*$, were issued, secured
by $5,000,000 consol. 5s of an authorized issue of $7,500,000; of the
latter, $2,000,000 are reserved to retire prior liens and $500,000 for
future purposes. See V. 76, p. 921, 975. First M. gold 5s of 1899, $1,375,000 (int. M. & S.), due Mar. 1, 1929, but subject to call $25,000
yearly Jan. 31 at 110 for a sinking fund. Real estate mortgages Apr.
30, 19 04, $536,552
V. 67, p. 1310; V. 68, p. 383; V. 78, p. 46.
Official statement showing properties owned V. 78. p. 46.
Stock.— Stock, as increased June, 1903, $6,250,000, outstanding.
$6,098,000; par of shares, $ 100. Of this $4,604,600 has been deposited
with the following voting trustees: E. T. Stotesbury and Richard H.
Rushton, Philadelphia, and Geo. F. Baker, New York. V. 76, p. 921,
975, 1087; V. 78, p. 46.
_
m
&
,
Cramp &
Dividends.— )
'92.
&
'93. '94. '95. *96. '97. '98.
'99. '00. '01.
'02.
Percent.
$8&20scl0 18 7 None. .. 1M
5
5
5
3%
No dividends since to Oot., 1904. V. 75, p 1256.
Report. -Report for 1903-4 in V. 78, p. 2333, 2440, showed: Gross
earnings, $7,107,082; net earnings, $735,031; other income, $25,608;
gen. misc. expenses, $170,573; fixed charges, $401,891; bal., sur.,
$188,174. In 1902-3, gross, $8,5 19,169; net, $(596,497. Orders on
hand May 1, 1904, about $13,000,000. Chairman of Board, Charles H.
Cramp President, Henry S. Grove; Vice-Pres., Edwin S. Cramp; Gen.
Mgr., H. W. Hand.-(V.78,p. 2440.)
Crucible Steel Co. of America.—Organization.—Incorporated
on July 21, 1900, under the lawsof New Jersey to consolidate 13 properties, including the Park Steel Co., etc, named in the prospectus, V. 71,
$25,000,000;
p. 32. See also V, 73, p. 842. Stock authorized, commo
pref., 7 per oent cum., $25,000,000; par, $100.
In May, 1904, the Clairton Steel Co. was sold to the U. S. Steel Corporation, the latter in payment therefor guaranteeing or assuming the
;
M
INDUSTRIAL STOCKS AND BONDS.
1894
MISCELLANEOUS.
Date
Size, or
Par
of
For explanation of column headings, &c, see notes on
Bonds Value.
first page of tables.
Detroit City
Gas—Stock, $5 000,000
$50
Prior lien mortgage, $6,000,000, gold.N
C
Detroit Gas consol. mortgage for $4,000,000, g.G-.c&r
gen. M., $10,000,000, g. See text
Detroit City Gas
Diamond Match.— Stock, $15,000,000, list, in Chic &N. Y.
Distillers' securities Corp.— Stook, one olass, $32,500,000
Col.tr. M., $1 6,000,000. g„ conv.call 1 05 af .1908 (text)c*
Am. Spirits Mfg 1st M., g .call at 105, s.f., 5%.OTa.o'
1898
1893
1903
Eq
100
100
1902
1895
1901
,
Am., coll. tr. M.,g.,
Dominion Goal— Fret., 8 p.c.(see
Dist. Co. of
1,000
1,000
1,000
.....Me o*
call
text, p. 1742), red 115,
1,000
1,000
1,000
100
1893 500 &C
1st mortgage, sinking fund— see text. IV B, red. 110 .
Dominion Iron dk S'eel— IstM., g., $8,000,000, s.f., see text 1899
500
2d M., $2,500,000, $250,000 due yearly beg. Oct.. 1905 1903
100
Edison Electric III. Co.; Button— Stock (bonds, see text)..
Edison Electric Illuminating—See Kings Co. Elec. Lig HT*& Power
100
Electric Storage Battery— Stock ($453,700 is pref.) text..
1,000
Elec.Vehicle Co.— Ref. IstM., $2,250,000 (V.74, p 98).Mo 1902
100
Empire Steel <k Iron— 8tock, common, $5,000,000
100
Preferred stook, 6 per cent, cumulative.,
1,000
Equitable III. Gas L.Oo. of Phila.— 1st M.,g.,red.at 105.N 1898
1,000
Fairmont Ooa' Go M. ($6,000,000, g.), 8. f. see text.G.0* 1901
100
General A sphalt— Common stock, $17,000,000
100
Pref. stock, 5 p. c, oura. after 2 years, $14,000,000
100
General Ohemical Co.— Common stock, $12,500,000
100
Preferred stock, 6 per cent, cum., $12,500,000
100
Oeneral Electric— Common stock, $4^,325,500
Debentures for Sprasrue stock, $2,500,000, g.,red.text.c 1902 100 &0.
—
bonds ($11,916,715) and giving $1,000,000 of 10-60 year 5 p. o. bonds.
The Crucible Company asrees to take 120,000 tons of steel yearly for
10 years and about 80,000 tons of pig iron on a sliding scale of prices.
V. 78, p. 1552, 2014; V 79, p. 1267.
In July, 1904, the Howe-Brown steel plant was sold for, it was
Stated, about $7-0,000. V. 79, p. 154.
Dividends on pref., Dec, 1900, to Sept., 1903, 7 p. c yearly; none
since. V. 77, p 1227, 2342.
Bonds.—The stockholders voted on Oct. 19, 1904, to authorize (per plan V. 79, p. 1268) $7,000,000 five per cent bonds maturing
rafter 5 years) annually in series during 20 years, to fund the floating
debt and refund the collateral trust bonds of 1903, of which $1,600,000 were sold at par, $2,900,000 used as collateral and $500,000
remained in the treasury. (V. "79, p. 736.)
Report.— Year ending Aug. 31, 1904, V. 79, p 1702: Net earnings
inventories and
$488,160 after deducting $761,194 for depreciation
doubtful accounts.
Chairman,
G. Park; President and Gen. Mer., Frank B. 8mith;
Treas., Julius Bieler. Office, Frick Bldg., Pittsburgh, Pa. Directors,
Sept., '04, V. 77, p. 1473; V. 79, p. 1333, 1706.— (V. 79, p. 154, 502,736,
m
Wm
1267,1333, 1702,1706.)
Cumberland Telephone Sc Telegraph.— See page
Denver Gas Sc Electric—See page 1906.
Denver Union Water Co.— See p. 1906.
Detroit
Detroit
Detroit
Detroit
City Gat..— See
p.
1906.
1906.
Diamond Match.—Organization, Etc.— Organized In 1889
under laws of Illinois. Owns factories at Barberton, O., Detroit.
Mich., Oshkosh, Wis., Oswego, N. Y., etc.; controls companies in England, Gernany, Switzerland. Pera. South Airica, eto see V. 76, p.
380, 656; store properties at Baltimore and Philadelphia, and sawmills, with extensive pine stumpage. V. 73,p. 135. V. 76, p. 380. 1087.
As to California lumber purchase see V. 76. p. 380; V. 78, p. 700; Br.
& May, V. 76, p. 656; V. 77, p. 351, 629; V. 78, p. 289.
Dividends.—
)
1893.
1894.
1895. 1896 to Sept.. '04.
Since 1892, p. ct. ?
20
10
2U 9 10 <2»3 quar.)
Stock.— Increased In 1895 to $11,000,000; In 1899 to $15,000,000.
Annual Report.— For 1903, in V 78, p. 700, showed net, $1,824,;
089; in 1902, $1,957,674: in 1901, $2,021,072.
President, O. C. Barber; Treasurer, J. K. Robinson; Seo'y, R. E. Wirt; Aud., H. O. Cranz
Gen. offl., 56 Mich. Ave ,Chlc N.Y. offl.,27 William 8t.— V. 78, p 700.)
Distillers' Securities Corporation.— Organization.— Incorporated In New Jersey on Sept. 18, 1902, as successor, per plan V. 74,
p. 1310, 1,358, of the Distilling Co. of America, the latter having control of the American Spirits Mfg. Co., Kentuoky Distilleries & Warehouse Co., Spirits Distributing Co. (dissolved In 1902) and Standard
Distilling & Distributing Co.; see V. 68, p. 1224; also several rye
whiskey concerns, inoluding Hannis Distilling Co. V. 69, p. 179, 494,
745. List of properties, V. 73, p. 136; V. 71, p. 815; V. 69, p. 957. Independent distilleries, V. 74, p. 157; official statement, V. 76, p. 100.
Owns over 90 per oent of the stocks of the Distilling Co. of
America. The new bonds are secured by the deposit of the stooks and
bonds acquired, and are redeemable at 105 after 1908 and convertible
at option of holder into stook at par at any time within 10 years. The
oompany holds $519.00J cash to retire the outstanding Dist Co. of
America 5s.
Dividends.—Jan., 1903, to
Oct., 1904, both inol., 1 p. o. quarterly.
for year ending June 30, 1904, in full in V. 79, p.
1640. showed gross salesof constituent companies and all other Inoome,
$79,167,166; gross profits, *3,678, 464; int., taxes, additions, etc, $1,980,477; net profits. $1,697,9S, against $2,l>s4,791 in 1902-3; dividends (4 p o ), $1 305,462 bal., sur., $ *92,5ii5. See also V. 75, p. 904,
and balance sheets of proprietary cos., V. 73, p. 898.
Directors.— E. J. Curley (President). Lawrence L. Gillespie (Chairman of
Board): W. f.Ward Vice-Pres.), Amory G. Hod«e». Russell Murray. W.Brentwood Smith, J. K. Hulshizer. Exec. Cum — E. J Curley, W. I*. Ward. Amory
G.HodKes. Sec- Treas., B. W.Jones. Offl.. 12 B'way, N.Y.— V.79, p 1639.)
Dominion Coal Co.— Dominion Iron Ac Steel.—See p. 1907.
Edison Electric 111. of Boston.— See page 1907.
Edison El. 111. of Brooklyn.— See Kings Co. El. L. & Power.
Edison Electric Illuminating Co. of New York.— See N. Y.
Edison Co. under Consol. Gas of N. Y.; also April, 1899. Sup.
Electric Boat.— Electric Co. of Amer.— See page 1907.
Electric Storage Battery.— Incorporated in 1888 under laws of
New Jersey. Owns basic patents for storage batteries. (V. 69, p 76,
850.) Acquired in 1 8"9 $6,364 600 stock of Electric Vehicle Co. and in
V. 75, p. 908; V. 76, p. 657, 921; V. 77 *p.
Oot 1902. an English co
34, 91. Statt inent showing properties, etc, V. 77, p. 34; V. 76. p 868.
Stock, Etc.— Stock authorized, $18,000,000; outstanding, pref.,
1 p. c. cum., $452,225, convertible into common stock share for
share; common, $1', 797,200; pai of shares, $100.
After 1 p. c
on preferred, common and preferred share equally. On common, Apr.
1901, to Oct. 1, 1904, both inol., 114 p. 0. quar. (Q— J.).
1,
Earnings.— Statement for calendar year 1903 in V. 78, p. 1389
Showed total net earnings, $1,501,592; dividends paid, $812,4.15; bal'
surplus, $689,157; total sur. Dec. 31, 1903, $2,972,»>:-i3. See also report
President, fierbort Lloyd; Sec and Treas.,
for 1900 In V. 72, p. 578
Walter G. Henderson, Phila. Directors, May, 1903, V. 77, p 34
Office, Allegheny Ave. and 19th St., Phila., P»> —(V. 78, p. 1389.)
;
i
i
,
(
INTERE81 OR DIVIDENDS.
Rate per When Where Payable, and
Outstanding
Whom.
Cent.
Payable
Amount
$5,000,000 See text. See text
5,603.000
5g. J. A J.
381,000
5 g. F. & A.
500,000
5 « J. & .1
15,000,000 ,,* In '03
10
M.
29,827,816 4 in 1904 C .— J
13.609,534
A. & O.
1,738.96')
M. A S.
519,000
g J. & J.
3,000 000
i
J A J.
2,4 33.000
6
M. & s.
7,876,0d0
5 g- J. & J.
1,500,000
6
A. & o
10,444,500
10
p.
Q
AND CO"SOL. Gas Co. OF N Y.
16,249,425 5 in 1904 Q
J.
1,774,000
6
M. & N.
2,281,400
2,500,000 2 ia In "04 J. & J.
6.697,000
5 g. J. A J.
4,661,000
J. & J.
9,760,000
13,139.663
7,410,300 See text Q .- M.
10,000.000
6
J.
^
48,3 '1,900 8 in 1904 Q- J. 15
2,049,400
3*2 g.
F. cfe A.
.
-
5&6g
•
Bonds— Principal, When
by
Due.
Stocks— Last
Dividend.
Checks mailed.
June 1/04,2 ia
N. Y., Emerson, McM. Jan. 1, 1923
N. Y., Guaranty Tr. Co. Feb. 1, 1918
N. Y., Emerson McM.
See text.
By check fr. N. Y. offloe. Sep. 12,'04,2i«
By oheok
Oot. 26,*04, 1%
N. Y., Merc. Trast Co. Oot. 1, 1927
N. Y., Manhatt. Tr. Co. Sept. 1, 1915
N. Y., Merc Trust Co.
Jan. 1. 1911
Bost., Am. L. & Tr. Co, July 1, '04, 4%
New England Trust Co, Moh. 1, 1913
Bank of Montreal, Can. July 1, 1929
Montreal, Canada.
To Oot., 1914
By check.
Nov. 1, '04, 2ia
Checks mailed.
N. Y., Morton Tr. Co.
Oct.
i, *04,
m
Nov., 1905
Checks mailed.
July 1, '04, lia
N. Y. Seourity
Tr. Co Jan. 1, 1928
N. Y., Guar. Trust Co. July 1, 19J1
&
New York, 25 Broad St.
1, '03,li4
Oct. 1, '04, li*
Co.'s offloe. Oot. 15, '04,2%
N.Y.,Gu.Tr. Co., & Bost. Aug. 1, 1942
do
Check from
Deo.
do
Electric Vehicle Co.—Organization. -Incorporated in 1897
under the laws of New Jersey. V. 70, p. 1197,1252; V. 71, p. 1169.
See V. 69, p. 850. As to status in Sept., 1901, see V. 72, p. 495. De»
oision upholding Selden patent, see V. 76, p. 754 V. 77, p. 253.
Securities.— Common stook authorlzed$ll,000,000; lssued$ 10,450,000; pref., 8 p. c, non oum. $9,000,000, of which $8,145,000 outstanding. Par of shares, $100.
After 8 p. 0. on common, dividends are
to be divided pro rata between the common stock and the preferred
stook. Electric Storage Battery Co. in May, 1903, owned $3,152,300
pref. and $3,212,300 oommon stook, and $544,000 bonds
Dividends.— On pref., April, 1899, 8 per oent; April, 1900, 2 p. 0. On
;
oommon, in 1899. 8 p. 0. None since. Last report in V. 69, p. 850.
Pres., M. J. Budlong.
Advisory oommittee: Herbert Lloyd, A. N.
N. Brady, T. F Ryan, Grant B. Schley. Factory and offloe, Hartford.
Conn.-(V. 77, p. 253; V. 79, p. 1464.)
Empire Steel and Iron Co.—See page 1907.
Equitable Gas Light (of N. Y.)—See Oonsol. Gas Co.
Equitable 111. Gas Light of Phila.—See page 1907.
Erie Telegraph Sc Teleph.—See West'n Teleph. & Telegraph Co.
Fairmont Coal Co.— Organization.— tncorporated in West Virginia June 19, 1901, as a consolidation of 11 of the leading coal companies In the Fairmont,
Va., ranges along Monongahela River, on
B. & O. RR. Owns 30,280 aores of coal lands and rights and about
4,030 acres of surface; also 24,986 acres under perpetual lease. See
V.74, p. 98, 431. The Consolidation Coal Co.of Maryland (see above),
which also controls the Somerset Coal Co., owns $6,700,000 of the
$12,000,000 stock. TheFairmoDtowns$),800.i00of the $3,000,000
Clarksburg Fuel stock a> d $1,350,000 Northwestern Coal Co. stock.
V. 78. 1272
Clarksburg Fuel Co. (report for 1903, V. 78, p. 1272) has
outstanding $3 000.000 stook and $2,500 000 1st 5 p. c and $3 -3,000
six p. c bonds. Tonnage mined in 1903, 3,691.783; in 1902, 3,934,217.
Seruritits.
Dale.
Int.
Outstand'g. La»t div.,etc.
Stock (par of shares. $100)
Feb. $12,000,000 Feb.1,'04,2%
American Coal & Coke
1901 FA A
190.000
Briar Hill Coal* Coke M.... 1900 J&D
255.000
Fairm. 1st M. of 1901
See table at top of page.
Of the 5s of 1901, $445,000 are reserved to ret re the underlying
bonds and $693.0 JO to retire the 6s of 1901. Sinking fund of bonds,
2 cents 1 er ton of coal mined.
Dividends.— Dividend No. I, 2 p. 0. annual, was paid Feb. 1, 1904.
Report.— Report for year ending Dec 31, 1903, was in V. 78, p.
1272, showing gross for 1903, inol. "other income," $357,013.
Grons.
Charges. Divid'd Deprec'n. Bal., sur.
Fear.
Net.
1903..$5.f«62,04l $2,258,888 $543,106 $2l0,000 $132 819 $1,342,963
1902.. 5 264 462 l.878.86« 553,994
78,019 1,246,853
President, O. W. Watson. (V. 76, p. 1033, 1251; V. 78, p. 290.)
Fisheries Co.— See this Section for April, 1904.
General Asphalt Co.— Organization — Incorporated in New Jersey on May 19, 1903, as successor of the National Aspha.t Co., per
plan V. 75, p. 188; V 76, p. 1145. Properties, V. 79, p. 101.
Stock.—The preferred stock has preference as to assets in oase of
liquidation and is limited to dividends of 5 per cent per annum (cumuit Is convertible at any time, at the option
lative after 2 years)
of the holder, into oommon stock, on the basis of $150 oommon for
preferred, but will be suoject to call at any time after 3
$100
years at 110 on 90 days' notice; $7,000,000 of the oommon Is reserved toward conversion of the preferred and $4,500,000 was purchased at 50 by a syndicate furnishing $2,250,000 for working capital, the new company reoeiving $1,871,031 after payment of thereorganization and other expenses.
Voting Trust.— Stook is vested for ten years In five voting trustees
viz., Rudulph Ellis, William F. Harrity, Alvin W. Kreoh, Henry Tatnall and George R. Turnbull, but the trust may be dissolved In whole
or in part at any time by unanimous oon-ent, or after seven years as a
whole, In the discretion of a majority of trustees.
Bonds of subsidiary companies: $889,100 Barber Asp. Pav. deb. 6s,
due April 1, 1916, subject to call at par, beginning 1906
£1,749,395
New Trinidad Lake Asphalt debenture 6s, due Jan. 1, 1930. V. 70, p.
993; V 71, p. 545; V. 79, p. 101; see also securities owned, V. 73, p. 290.
Report.- Report for 13mos. ending Jan. 31, 1903, in V. 78, p. 1960,
and V. 79, p. 101, showed: Total gross inoome, $15,290,085; net Income, $1,764,932; Interest, taxes, bad debts, etc. $904,706; profit for
13 mos.. $860,226: from which was charged off $272,120 for improvement of pavements in 1903.
Officers.— President, John M. Mack; Vioe-Prests., Avery D. Andrews and Arthur W. Sewail: Secretary, Ira Atkinson; Treasurer, Clyde
Brown. Offloe, Land Title Bldg., Phila.— ( /. 79, p. 682, 736, 1706.)
W
Edison Co.—See page 1906.
mack. Sc Marquette Land Grant.— See p. 456.
Union RR, Depot.— See Supplement, Oct., 1397.
Report.— Report
[Vol. lxxix.
'
M
;
;
General Chemical Co.—Organization, Etc —Incorporated In
New York on Feb. 15, 1899, as a consolidation of the Nlohols Chemloal
Co., N. Y., James L. Morgan & Co., N. Y., and others.
V. 68, p. 571.
statement, V. 74, p. 1093; V 73, p. 724.
Report.— Report for yea-- ending Deo. 31, 1903, with balanoe sheet,
Net profits, $1,187,077; charged off, $215,in V. 78, p. 700, showed
97fl; div., 6 p. 0. on preferred, $600,000; dlv., 5 p. 0. on oommon,
Official
:
$370,515; bal., sur., $583. On pref., Oct., '99, to Oct.. '04, both Inol.,
per m. (l^ Q"J * ° n common, 1900, to 1902, both inol., 4 p. 0.
6 p.
y'ly; in '03, 5 p
(Q -M.); for '04 dlvs.on com. were passed V.78, p.822.
Offickrs.— Pres., William H. Nichols; Treasurer, James L. Morgan;
Sec. J. Herbert Basre.N. Y. 25 Broad St.-(V. 78, p. 686, 700, 822.
General Electric Co.— Organization.— Organized nnder a speolal
oharter of New York, Apr. 15, 1892. and manufactures outfits for electric railways and all kinds of eleotrioal supplies. In 1896 pooled pat-
:
INDUSTRIAL STOCKS AND BONDS.
Oct., 1904.J
1895
Honas— PrinoiINTEREST OR DIVIDENDS.
Date Size, or
Due.
Amount Rate Per When Where Payable, and by pal.WhenLast.
of
oolumn headings, &c, see notes on
Par
Stocks—
Payable
Bonds, Value. Outstanding Cent.
first page of tables.
Whom.
Dividend.
MISCELLANEOUS.
For
explanation of
r
Qirard Point Storage— 1st M.,gu. p. &1. Pa. BR
Grand Rapids Oas Light—1st mort., gold, call at 110. Ce
Havana Co.— Bonds, $10,000,000, gold
Soboken Ferry— Bee N. Y. & Hoboken Ferry.
Hudson County Oas— Bee Publio Service Corporation in
Illinois Steel— Bee United States Steel Corporation.
International Harvester — Stook, $120,000,000
Internal' I Mercantile Marine— Stock, com., $60,000,000.
Preferred stock, 6 per cent, cumulative, $60,000,000..
Infl Nav. 1st M., g., $20,000,000, sub. call text.FP.c*
I.M.M.col.tr. deb., $75,000,000, red.105 af.5 yrs.N.o*<fcr
Fred. Leyland & Co. 1st mortgage debentures
r
International Papei Stock, common, $20,000,000
Pref. 6%, cum., $25,000,000 (underlying bonds, text).
1st oon.M.,$10,000,000, g. Us. red. af '07 at 105.oonv.o*
International Salt— Stock, $30,000,000
M., g., $12,000,000, Csna.red. at 105, s.f.,$200,000 yrly.
International Silver Stock, common, $11,000,000
Stook, preferred, 7 per cent, cumulative, $9,000,000...
Dividend scrip (V. ^6, p 106)
1st M., $4,500,000; s. f., called at 110, beg. 1901. N..o*
Debentures, $2,000,000, gold, redeemable at par -...
Internal. Steam Pump Co.— Com. stock, $18,500,000.Col
Preferred stook, 6 per cent, cum., $12,500,000. Col
Deben $3,500,000 (conv.into com.s'tk) red 105 beg'08
Worthington, pref. stock, 7 p. o. cum. (see also text)...
1890
1895
1902
—
,
HollyMfg.,lstM.,$700,000,g.,gu.p.<fei.end (V.73.p.lll7)
.$41,t5f9,«18 $88,685,598
Royalties, etc.
750,797
1,208,920
253.8H3
194,'. 45
Int. and disot..
.
Saleofseeur.„yc.
Total
1899
1902
1,000
100
100
1898
1,000
100
1901
"Too
100
1898
1903
i'ood
1,000
100
100
1903
1,000
100
1901 100 &o.
Op. exp.&taxes..$34,91H,427 $28,«44,881
Int. ondebent...
76,0u7
44,331
$42,783,801 $39,122,050
Bal.f or div., &e. $7,789,370 $10,232,838
Balance 1903 04, as above. $7,789,370; cash
div.
on stock, $3,508,'
284; total surplus Jan. 31, 1903, $4,482,702; deducting $1,470 099
from patent account, leaves total surplus Jan. 31, 1904, $7,293,689.
Cash Jan. 31, 1904. $3,289,445; accounts receivable and work in
progress, $17,253,969; stocks, bonds, real estate, etc., $15,089,429;
accounts payable, etc, $2,6*7,173.
Officers.— President, C. A. Coffin; Treasurer, Henry W. Darling;
Sec, M. F. Westover N. Y. office. 44 Broad St. New directors May,
1903, V. 76, p. 1088; V. 78, p. 1277.— (V. 79, p. 268, 1026.)
Glucose Sugar Refining Co —See Corn Products Co.
Gold &, Stock Telegraph Co.— See Western Union Telegraph.
Grand Rapids Gas-Light Co.—See Ames. Light Traction.
Great Lakes Towing Co.— See page 1907.
Hackensack Water Co.—V. 75, p. 1089, 1205, 1964.
Havana tobacco Co.—See page 1907.
Herring-Hall-Marvin Co.—See p. 1907.
Hudson County Gas.— See index Street Railway Section.
Intern. Automobile
Vehicle Tire—See page 1907.
International Harvester Co.—Incorporated in New Jersey on
Aug 12, 1902, and purchased the property and butiness of the following leading concerns manufacturing agricultural machines, viz.:
Deermg Harvester Co. (see V. 75, p. 292). Milwaukee Harvesting Co.
MoCornilck Harvesting Machine Co.
Piano Manufacturing Co.
Warder, Bushnell & Glessner Co. (Champion).
Also plant under construction in Canada; also timber lands, coal,
ore, blast furnace and steel properties. V. 75, p. 345; V. 77, p. 454. As
to concentration of offices, and economies, see V. 77, p. 1877.
Stock.- Stock is held in a voting trust, the voting trustees being
Geo W. Perkins. Chas. Deerlng and Cyrus H. McCormick. V.78. p. 1112.
Dividend.— First dividend, 3 p. c, paid Nov. 10, 1903.
Officers— Chairman of Board, Charles Deerli g; President, Cyrus H. McCormick; Vice-Presidents, James Deenng, Harold F. McCormick. J. J.GIe-sner ana William H. Jones: Sec etary and Treasurer, Richard H.Howe; Chairman finance <,< mmittee, Geo. W. Perkins; Chairman Maecutlve Committee
J. J. Glessner. General Office, 7 Motroe St., Chicago— (V.78, d. 1112.)
;
&
&
International Mercantile Marine Co.— Organization, Etc.
—Formerly the International Navigation Co., the name being changed
as above Oct. 1, 1902, and capitalization increased to unite, per plan
V. 74, p. 888, 941, 1093; V. 75, p. 1089, 1305, on Dec. 1, 1902, w hite
Star, American, Red Star, Atlantio Transport, Dominion and Leyland
Unas, having an a Si? re gate gross tonnage of 992,110 tons (133 ships),
with 90,000 tons (4 siiips. of which one began seivice in July, 1904,)
'
building. See V. 79, p. 158, 159.
As to agreement with German lines, see V. 74, p. 1255; relations
With English Government, V. 75, p. 735; V. 76, p. 975; V. 77, p. 301.
Stock and BoNDS.-Of the stock, $10,067,000 com. and $7,633,900
pf., at last accounts, remained in the treasury (see V.
78,
new 412 per cent debentures are subject to oall at 105 p. 1220.) The
after 5 years.
The International Navigation 5s are subject to call at par after 1909
and a sinking fund of $250,000 to $500,000 will retire them annually,
beginning Mayl, 1905. There are £298,306 Dominion Line debentures.
Report— Report for year ending Deo. 31, 1903, at length in V. 79,
£«} ^f. 15 ?, showed: Total g p °ss earnings •S31.037.419; net $4,000,1 1 n and lnc0IIie tax $3,645,226; add surplus insurance account,
£? :,
L
$1,442,502; bal., s ir. for year, $1,797,797. President, J. Bruce Ismay.
<
^
'
C
to
n?-t .^ £°2 m^ l w .r~J r,B£uoJ- Berwind, Charles Steele,and Sir Clinton B.
? (sma?, C. A. Griscom.
8 P A B Wlden
George W. Perkins.
nrnLi
o
£ Y. (V.
Office, 9 Broadway, N. J
79, p. 736, 788, 1268.)
<!
-
-,
-
!
-
20,000,000
50,000,000
£332,200
973.650
138,644
3ifl
A.
5
5
P.
100 120,000,000 See
100 49,933,000
100 52.366,100
ents with Westinghouse Electric <fe Mfg. Co. V. 62, p. 502, 635, 1040; V.
Contract
65, p. 151; V.68,p. 1024. (See V. 68, p. 927t. V. 70, p. 6*9.
for power, V. 72, p. 583. In June, 1901, obtained controlling interest
In British Thomson -Houston Co.. Ltd.. of Loudon. V. 72, p. 1283. In
Feb., 1903, about $2,900,000 of the $3,000,000 stock of the Stanley
Eleotrio Mfg. Co. was purchased. V. 76, p. 437.
Owns the rights for the United States under patents covering Curtis
steam turbine engines. V. 76, p. 1195; V. 77, p. 2161. As to co-operation with American Locomotive Co. in construction of eleotrio locomotives, see V. 79, p. 1022.
Stock.— On July 15, 1902, a stock distribution of 6623 P- o. was
made, thus restoring the 40 per cent surrendered in 1898. See V. 74,
p. 729. 777. 1199, 1252; V. 75, p. 32. In 1904 the shareholders subscribed at par to $1,317,300 new stock, making $48,321,900 outstanding. V. 78, p. 1277, 1964.
Dividends.— Dividends on common stock July 15, 1899, to July,
1900, lia p. o.,quar. (6 p.c. per annum); Oot., 1900, to Oct., 1904, incl.,
p. 0. quar., and in Jan., 1901, 1 p. c. extra. V. 71. p. 604, 1222.
2
Debentures.— In 1902 $2,049,400 313 per cent 40-year debenture
bonds were issued, redeemable on or before Aug. 1, 1912, at par and
thereafter at 105 in exchange for the greater part of the Sprague
Electric Co. stock, per plan V. 75, p. 139.
Latest Earnings.— For 4 mos. ending May 31, 1904, total income,
$12,201,001; net, $2,459,698; int. on debentures, $25,268; dividends,
$877,334; bal., sur., $1,577,096; total sur. May 31, 1904, $8,870,784.
Annual Report.— Fiscal year ends January 31. Annual meeting
Is held the second Tuesday in May. Report for 1 903-04 was given at
length in V. 78, p. 1546, 1554.
Year end.Jan.31— 1904.
1903.
Deduct—
1904.
1903.
Income— Sales
$2,214,000
1,225,000
7,500,000
g.
g.
J.
&
&
&
O.
Philadelphia.
A. N. Y., E. McMillin &Co.
D. N. Y., Morton Trust Co,
Oct.
Feb.
June
1940
1915
1922
1,
1,
1,
Stree tRailw ay Section.
—
.
$1,000
1,000
1,000
text. See text
F.
413 g A.
4
J.
&
&
&
Nov.10,'03,3%
A. N. Y., Company's office.
O. N.Y., J.P.Morgan
Co.
Feb.
&
1929
1,
Oct. 1, 1922
D.
Checks mailed.
17,442,800
do
6
Q.-J.
do
22,406,700
N. Y., Met. Tr. Co.
6g. F. & A.
9,724,000
15,000 000
See text.
4,500,000
5g. A. & O.
9,944 1 00
Checks mailed.
6,607,500 4 in 1904 Q.-J.
None
1,085,343
& D. N.Y.,Am. Ex. Nat. Bk,
6 g.
3,710,000
& J.
do
do
2,000,000
6 g
See text. Q.-J.
Checks mailed.
12.262,500
6 in 1904 Q.-F. N.Y., Off., 114 Liberty.
8,850,000
2,4<*4 000
6g J. & J N. Y. Colonial Trust Co.
Cheoks mailed.
7
2,000,000 * per an. M. & N.
700,000
5 g. J. & J. N.Y.,Ct.Real.B.&T.Co,
.
.
-
July
1, '99,
1%
Oct. 1,'04, lia
Feb.
1,
1918
Oct.
1,
1951
Oct. 1, '04,
At
1%
will.
Deo. 1, 1948
Jan 1, 1933
Oct.l, '04, ia%
Nov. 1, '04,
Jan. 1, 1913
Nov. 1, '04, 3i«
Jan. 1, 1921
Ha
International Nickel Co.— See page 1907.
International Paper.—Incorporated Jan.
31, 1898, and took
over by purchase twenty five of the principal pulp and paper mills of
428 and V. 69, p. 494; also applications to list
the U. S., see V. 67, p.
In V. 67, p. 1359, and V. 68, p. 726.
Daily output of finished paper
about 1,500 tons. See prospectus in V. 66, p. 288 and V. 67, p. 177,
also official statement V. 69, p. 281. The Continental Paper Bag Co.,
a majority of whose $5,000,000 stock is owned, has built a factory
at Rumford Falls, Me.; its capacity was being inoreased In Oct., 1901,
from 5,000,000 to 10.000,000 bags daily.- V. 70, p. 742; V. 69, p. 494,
908; V. 73, p. 786. The American Realty Co. took over some 250,000
acres of land in Maine from International and made a mortgage for
$500,000; outstanding, $460,000. V. 73, p. 392; V. 75, p. 1205.
Dividends.—On pref., July,1898, to Oot., 1904, inoluslve,6p.c. yearly
(l*a quar.) On Dec. 31, 1898, paid on common. 1 p. c; in 1899, 2
p. c; none since to Oct., 1904. V. 69, p. 593, 957; V. 72, p. 1037.
Bonds.—The consols are convertible at holder's option on any Feb
or Aug. 1 before 1910 into preferred stock at par; they cover all "afteracquired realty." A sinking fund of $150,000 is payable yearly on
Feo. 1, 1905, and thereafter from surplus earrings of preceding year,
for which bonds are subject to call at 105 and interest on Feb. 1 and
Aug. 1 after 1907. Consols are reserved to take up $276,000 Otis Falls
issue below named. In addition to oonsols there are outstanding
1. Int. Paver vurch. money.
Interest.
Where paid.
OuisVing. Maturity.
Ammonoosuc Lumber
1st
M.
)
„ „ _
M-S N.Y.
,.
.
j4g.
B. f
Ontario Paper, 1st M
6g. F-A
Rumf 'rd Falls Sulphite 1st M. 6g, J-J
Piscataquis Falls Paper, lst?j„ u- »
*-A
M., s. t
2. old bonds (x assumed.)
x Hudson
River
Pulp
Paper
do
do
do
J«g.
&
)
.'
6g. J-J
N.Y.,
Subject to
-,
. _,
_
.Met.Tr.Co.
do
do
do
Manh.Tr
.„-„«„„
„
.
.
,.„
$260,000 Sept.
150,000 Feb.
350,000 July
142.500 Aug.
1, '18
1, '18
Jan.
1, '18
Co. 1,500,000
call at 10-> after 19
1, '13
1, '18
>7.
x Otis Kails Pulp Co. 1st M. fflg.MN Boat.., Old Col. Tr. 276,000 May 1, '16
Old Colony Tr. Co.. trustee. ? Subject to call at 105 for s. f.
x Remington Paper Co
6g M-N N.Y., ^ec.&Tr.Co. 139,000 Nov. 1, '06
flg.M S Nat.Un.Bk .Wat'twn. S6.000 Sept. 1, '04
C. R. Remington & Sons Co..
Olcott Fails Co
6gM-S N.V., Met.Tr. Co. 889,000 Mar, 1, '19
Report.— Report for year ending June 30, 1904, in V. 79, p. 784.
Fiscal
Gross
Cost raw ma- Interest,
Dividends.
Balance,
year.
income, terinls, mfg. etc. taxes, etc. (6%) on pre f.
surplus.
1903-4 $20,304,514 $17,150,530 $1,092,323 $1,344,402 $717,258
1902-3. 20,142,771
16,529,310 1,082,927
1,344,402 1,186,132
1901-2. 19,719,421
16,818,225 1,003,740
1,344,402
553,054
Officers.—President, Hugh J. Chisholm; First Vice-President, F'
H. Parks; Second Vice-President, T. T. Waller; Treasurer, A. N. Burbank; Seo'y, E. W. Hyde. 30 Broad St.. N. Y.— (V. 79, p. 784, 788.)
International Power Co.— See page 1907.
International Salt Co.— Organization.— Incorp. in
N. J in Aug.,
1901, and acquired a majority of the stock of the National Salt Co. and
Retsof Mining Co. per plan V. 73, p. 724; V. 75, p. 551, 736; V. 76, p.
755; V. 77, p. 1228. On May 25, 1904, the National Salt Company's
properties were purchased at judicial sale, the International Salt Co.
of New York with $750,000 stock, incorporated in May, 1904, being
the successor. Sale has been confirmed. V.78, p. 2014.
Default.— No funds having been provided for April or Oct., 1903,
Interest, the coupons were purchased by friends of the management
through the Knickerbocker Trust Co. How the April, 1904, interest
was met is not divulged. See V. 76, p. 755.
Stock, Etc.— Of the $30,000,000 stock. $11,350,000 was to be used
with $7,500,000 bonds to acquire the stock of the National and the
stock and bonds of the Retsof companies; $7,400,000 stock was to be
issued for expenses of organization, $1,000,000 working capital, etc.
Underlying bonds $220,000|Hutchinson-Kansas Salt Co., due Jan. 1,
1912, and Retsof Mining Co., $1,000 gold 5s, due Oct., 1925, $2,500,000
(int., J &J., at Knickerbocker Trust Co., N.Y., trustee). Report for year
eniingDec. 31, 1903, was in V. 7*. p. 1107. Pres., E. L. Fuller; Sec.
and Treas., M. M. Belding Jr. Office. Soranton, Pa.— (V. 78, p. 2014.
International Silver.— Organization, Etc.— Incorporated in
Nov., 1898, under the laws of New Jersey and acquired control of
silver-plating properties- see list in V. 67, p. 1160; also V. 68, p. 232,
334,1024; V. 76, p. 106. Also has a large sterling silver output. See
V. 68, p. 334, as to rights of stock, plants, etc. V. 67, p. 1160; V. 68,
p. 1024
V. 71, p. 543.
Stocks, Etc.— In Jan., 1903. purchased all the stock of the U. S.
Silver Corp., which had acquired $9,068,400 common and $515,800
preferred stock of the International Silver Co. and all the stook of C.
Rogers & Bro. of Meriden, Conn. The Int. Co. issued in payment
therefor $1,500,000 pref. stock and $2,000,000 6 p. 0. debentures.
V. 76, p. 106. Underlying bonds, $127,600 Holmes & Edwards 1st 6s.
In Feb., 1904, deposits of pref. stock were requested. V. 78, p. 823.
Dividends on preferred, 1% per cent.paid April, 1900; in 1901, none;
Jan., 1902, to Oct., j904, both incl., 4 per cent yearly (1 p. 0. Q.— J.);
ran -' 1903 scrip for unpaid dividends (21 1* p. 0.) to date, $1,^)d
085,343. V. 75, p. 1357; V. 76Tp. 106.
Report for year end. Dec. 31, 1903, with bal. sheet, in V. 78, p. 1107,
showed net earnings, $938,137; int. on bonds, $334,387; div. on pref.
stock (4 p. c), $264,300; depreciation, $172,697; bal., sur., $166,753.
Pres., Samuel Dodd; Treas., Geo. M. Curtis; Office, 11 Maiden Lane,
N. Y. Direotors, V. 78, p. 1277.— (V. 78, p. 823, 1 lo7, 1277.)
Internal lonal Steam
Co.— Organization.— Incorporated on Mar. 24, 1899, under the laws of New Jersey as a consolidation of five companies estimated to do 90 per cent of the steam pump
business of the country, exclusive of high duty en, ines. Official statement in V. 68, p. 723; V. 72, p. 673; V. 71, p. S4S report V. 75, p. 82;
V. 76, p. 1146. New subsidiary companies, 1903, V. 76, p 1146;
V. 79, p. 210. Anew factoryat Harrison, N. J., to cost over $1,000,000,
;
^^
>
Pump
;
J
INDUSTRIAL STOCKS AND BONDS.
896
MISCELLANEOUS.
Date
Size, or
Amount
Kings County Electric Light <£ Power— Stock, $5,000,000.
c 1897
1st mortgage, gold, $2,500,000. Col
Pureh.mon. M.,g.,seo. by Ed. stk <fcc(V.76,p. 47)Ce.c" 1898
Edison El. 111., oons. M., now let, $10,000,000, g.Mo.c* 1898
,
Lackawanni
Steel— Stock (see text)
1st M., $20,000,000,
redeem., convert., text.F.c*
Laclede Oas Light— 1st mortgage, gold.Ce
o
Refunding and extension mort., $20,000,000, gold...C
Coupon notes, gold
Lrke Superior (orporn Hon—Stock, $40,000 000
1st mortgage, $10,000,000 gold
Income mortgage. $<,000,000, gold
Mich. Lake Sup. Pow.lst M„g.(V. 69, p. 336; V 76,p.754)
Lehigh Goal <& Navigation—Stock, $15,801,300
1st M., canal, 6,030 acres coal and76 m. L. & 8. RR...I
r
lstM.,g.,Leh. &8us. RR.(V. 64, p. 41,)gold.FP
c*
2dM.[lstM.Nant.RR.] (V. 65, p. 367,) gold
Con. 3d M.Canal.Coal & 122m.RR.; 2d M.26 m.RR. FPr
r
General mortgage for $15,000,000, gold.FP
c*
Collateral trust for $1,500,000, gold
Fd. & lm. M., $7,500,000, g. (ser."A," $2,085,000) PIPc*
Mackay Companies— Pref. shares, 4 per cent eum
Stock, $25,000,000 (bonds, see text)...
Manuf. Lt. <e
Maryland Coal Stock, preferred (no bonds)
Mass. Gas Companies— Pref. 4% cum., $25,000,000. OB.
Mergenthaler Linotype Stock
Mexican Telegraph Stock
gol.1,
W—
—
—
1,000
1,000
1,000
100
1903
1,000
1889 100 &c
1904
1,000
1901
1,000
100
1904:
1,000
1904 1,000
1899 500 Ac
50
1864 Various
1867 Various
1867 500 &o.
1871
1,000
1884
1,000
1895
1,000
1898
1,000
100
50
100
100
100
100
will be completed in 1904. V. 74, p. 1311; V. 75, p. 82,215; V, 76, p.
215,1146; V. 79, p. 210.
Stock.—Div. on pref. Aug. 1, 1899, to Nov. 1, 1904, both incl., 6 p. 0.
per annum, lia Q. J.; on common, July, 1901, to July, 1904, lnol.,1 p. 0.
quarterly; Oct., 1904,
P o ; V. 79, p. 1026. The stock unissued is
set apart to retire the $2,000,000 7 p. c. cumulative preference shares
of Henry R. Worthington Co. and 418H.300 6 p. 0. debentures and
$485,000 8 p.c. pref. shares of Blake & Knowles Co. Holly Mfg. Co.
bonds, see V. 73, p. 1117.
Debentures.—The $3,500,000 debentures are convertible Into stock
at the option of the holder; $2,500,000 Issued. V. 75, p. 1305, 1357;
V. 76, p. 106. 215; V. 77, p. 2393.
Report.— Report for year ending March 31, 1904, given in V.
79, p. 210, showed net profits, $1,606,617; dividend on preferred
(6 p. c), $531,000; interest, etc, $483,472; div. on common (4 p. 0.),
$490,500; bal., sur., $101,645. President, John W. Dunn; Treasurer,
Max Nathan; Asst, Treas., Arnold Tanzer. Office. 114-118 Liberty St
N. Y. New directors, June, 1902, V. 74, p, 1255; V.76, p. 1304.— V. 79.
^
p.
210, 1026.
Iron Steamboat.— Seepage
1907.
Clearfield Coal & Iron.—See Supp., Apr., 1903.
Kansas City, .Ho., Gas Co.— See page 1907.
Kings County Electric Light & Po we r.—This oompany, own-
Jefferson
Sc
ing a new power statioD, acquired in 1898, per plan in V. 67, p. 482,
the entire $5,000,000 stock of the Edison El. Ilium. Co. of Brooklyn,
thus uniting all the electrio-lighting business in Brooklyn. See V.
69, p. 177, 957; V. 70, p. 483.
Securities.— In Oct,190i, stockholders subscribed to $1,250,000
stock at par, making amount outstanding $5,000,000. V. 79, p. 788.
The $5,176,000 purchase money bonds are secured by deposit of
$5,000,000 Edison stock in trust, by a second mortgage Hen on
the Kings County plant as now owned or hereafter acquired, and by
$1 ,000,000 cash guaranty fund to be invested in securities approved
by ihe committee— see V. 67, p. 482, 1309. As to Edison Co.'s consol.
mort'ge. see V. 67, p. 482, 842; V. 71. p. 493, 868.
DrvB.—June, 1900, to Mar., 1903, lifl% quar sinoe 2% quar.
Earnings.— Statementfor caL year 1902 in V. 76, p. 1 08P. In 1903,
Net earnings of Edison Co. under lease, $475, 323; interest from investments, etc.,$46,9o6; div. on stock (71^ p.c), $237,364; bal., sur., $284,915. Pres.,A. N. Brady; Treas., A. N. Nielsen. (V. 79, p. 1333.)
Knickerbocker Ice Co. of Chicago.— V. 78, p. 586, 767.
Knoxvllle Gas Co.— See this Section for Apr 1904.— V.79,p.l 644
;
,
Lackawanna
In New
15, 1902, as successor of Lackawanna Iron <fe Steel «'o.,
to extend the field of its operations. V. 74, p. 382, 429; V. 77, p. 2037.
The properties (see V. 77, p. 34; V.74, p. 1142; V.76, p. 161.437,) are:
(1) Plant under construction at West Seneoa, near Buflalo, N. Y., to manufacture plate and all classes of structural steel and other materia s In addition to steel rails and billets, to have a capacity of not ess than 1,*50,00 tons
ot finished product per annum; (2) ore properties in Minnesota. Michigan,
Wisconsin and New York, stated to have 5rt.ooo,000 tons of ore In sight; (3)
21,720 acres of bliumlnous coal lands (coal rlgh's and In fee) In Pennsylvania,
blast furnaces and coke ovens at and near Lebanon, Pa., an Interest In the
Cornwall UK. and Cirn wall Iron Co.. the first nam^d betug leased, and about
one- third of the stock of the Cornwall * Lebanon RR.
In April, 1904, the output of rails was 1200 to 1300 tons dally. The
manufacture of structural Iron, steel plates, etc., began in Oct., 1904
V. 78, p. 1170.
Stock.— Stock authorized, all common. $60,000 000; par of shares
$100; of this, $34,971,400 is outstanding, full paid, and $28,600 is
held for exchange, share for share, for Laok. I. <fe S stock; and $20,000,000 Is reserved to retire convertible bonds. V. 76, p. 869.
Bonds.— The first mortgage gold 5s of 1903 ($20,000,000 authorized
issue) are secured by a first lien on the West Seneca plant and the
stocks of other corporations owned. They are redeemable at the
company's option at 107*3 and interest to Apr. 1,1906, on 60 days'
notice, and convertible Into stock, dollar for dollar, at par If not so
redeemel.at the holder's option at any time between Apr. 1, 1906,
and Apr. 1, 1915; $5,000,000 bonds are reserved, issuable for not over
two-thirds of oost of additions. V. 77, p. 34; V. 76, p. 437.
There nre also outstanding $1,775,< 00 Lackawanna Iron & Steel
Trust Co,, trustee, covSO-year 5s, due Feb. 1, 1926, Farmers' Loan
ering property In Pennsylvania. V. 76, p. 385.
Officers.— Chairman of Board, Walter Scranton; Pres., William E,
Reis; Vice Pres., Moses Taylor; V.-P. and Gen. Mgr.. Geo. L. Rets'
Treas., J P. Higglnson; Sec, J. W. Farquhar. N. Y. office, 100 B'way'.
Directors.— J. J. Albright, C Ledyard Blair, Mark T. Cox, Warren Delano
Jr., G. R. Fearing Jr., B. S. Guinness, Kdm< nd Haves, Adrian Ic«lin Jr., Samuel
Mather, J. G. McCullough, D O. Mills. Moses Taylor Pyne. William B. Hels,
Walter Serai ton, James Speyer. H. A. C. Taylor, Moses Taylor, H. McK.
Twombly, Cornelius Vanderbllt, Robert B. Van Cortlandt, Henrv Walters.—
(V. 76, p. 1411; V. 77, p. 34. lwW. 1228, 1297, 8037; V. 78, p. 50, 106. 686, 77 1.)
Steel
Co.—Organization.— Incorporated
York on Feb.
&
Laclede Ga» Light.—Organization.— Incorporated in
1857, and
In 1889 secured control of all the other gas companies in St. Louis.
Operates under perpetual franchises. In 1896 the price of gas was
reduced from $1 18 to $1 per 1,000 feet for Illuminating and 80 oents
for fuel gas. Suite V. 66,p. 760; V. 70. p 534. In 1903 North Amer. Co.
acquired oontrol. V. 76, p. 482, 545, 922; V. 78, p. 1273.
Stock.— Preferred. 5 p. 0. cum.. $2,500,000; common, $17,500,000
authorized; outstanding, $8,500,000; par of shares $100. V. 78, p.823.
Drvs.— )'92.'93. '94. '95 to Dec, '97. '98. '99. '00. »01. '02. '03 1904.
5
5
5 5
5 June,2i^
Pf.5*cum. } 5 5 6 7 {3** semi-an.) 8
Com., p.c)
Common,
000
334444
1904, Mar. 2 p.c(semi-an.); June
1
p.c; Sept., 1 p.c
Below
Bonds— PrinolINTEREST OR DIVIDENDS.
pal.WhenDre.
Rate Per When Where Payable, and by Stocks— Lai t
Cent.
Whom.
Dividend.
Payable
-
of
Par
For explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
$100
[Vol. lxxix.
i
$5,000,0^0 See text.
2,500,000
5 g.
5,176,000
6g.
4,275,000
4g.
35,000,000
15,000,000
5 R.
10,000,000
5 K.
5 .000,000
5 g.
1,000,000
5 g.
40,000,000
abt. 8 ->00oo<>
3,000, 00
3.500.000
15,801,300
5,000.000
1,992,833
1,842,500
2,470,750
3,686,000
1,500.000
2,036,000
1,885,005
25,000,000
10.000,000
1.912,600
<fe
413
4
g.
f«4*g.
4H)g.
-
J.
Checks mailed.
O. N. Y., Colonial Tr. Co.
O. N. Y., Central Trust Co.
J. N. Y., Morton Trust Co.
&
&
A. & O.
Q.— F.
A. & O.
F. & A
5 g. J. & D
Up to 5% Oct. 1.
5 g. M. & N.
6 In 1903 M. & N.
g
t
21,000,000 6 in 1904
(?)
Q.-M.
A.
A.
N. Y.,
Off.,
100 B'dway,
New York.
New York City.
New York.
1,
1939
Apr.
1,
1,
1,
1,
1923
1919
1934
1911
1,
1,
1,
1944
1^24
1949
May
June
Oct.
Phila., Prov. L.
& Tr. Co. May
May
Philadelphia, Office.
Q.-J.
Q.-F.
J.15&D.
& D.
Q.-F.
M. & S.
J. & J.
J.
to Stock
27. '04.31a
July
Apr.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1,
1,
1914
1914
June 15, 191
June 1, 1911
May 1, 19C4
Sept. 1, 1905
July
New York.
Q.-J.
Checks mailed.
Q.-J.
8H3 in "03 J.30&D. New York, 1 B'dway.
4 in 1903 J. & D
15 in '03
-M. N.Y., 114 Tribune Bld'g
10
-J. N. Y., Office, 6* B'way.
Bonds.—See application
Jan.
Apr.
Feb.
do
do
Sept. 1, '04, 2%
Oct. 1, 1937
Oct. 1, 1997
Exchange in V. 49,
1,
194 8
Oct.10, 1904,1
Oct.20,'04,lia
J'ne30,'04,3»a
June
1, '04,
2%
Sep. 30/04, 2ia
Oct.l3,'04,2ia
p.
657.
Of the refunding and extension 5s of 1904 ($20,000,000 authorized
issued; Bankers' Trust Co. of New York and Mississippi Valley Trust
Co of St. Louis, trustees). $5,000,000 have been issued, $10,000,000are
reserved to refund the outstanding bonds due 1919, and the remaining
$5,000,000 may be issued for not exceeding 85 p. 0. of cost of extensions and improvements. See V. 78, p. 1273, 1395; V. 79, p. 1644.
Ear tnqs.— For 3 mos ending Aug. 31. 1904, netover expenses and
taxes, $300,623, against $207,915 in 1903.
Annual Report.— For vear 1903 (V. 78, p. 1273), gross earnings
$2,425,448; act, $1,148,533; ii t. on bonds, $500,000; div. on pref.
(5 p. c), $125,000; div. on common (4 p. c), $340,000; bal sur, $183,533. In 1902, gross, $2,096,337; net,$l, 153,578. N. Y. office, 30 Broad
St.— (V. 78, p. 823, 991, 1170, 1473, 1278, 1501,2337; V.79, p. 1644.)
,
Lake Superior Corporation.— See page 1907.
Lehigh Coal &. Navigation.— Owns canal from Coalport to Easton, 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 branohes, 60 miles, and leases for 999
years Nesquehonlng Valley Railroad, 17 miles; Treskow Railroad, 7
miles; other lines, 17 miles total, 206 miles, of which 115 miles double
track but all these roads are leased for 999 years from 1871 to Central
of New Jersey RR., rental being 3313 per oentof gross earnings, with a
minimum rental of $1,414,400. Delaware tHv. Canal is leased for 99 years
from 1866. As to Lehigh
Delaware RR., see V. 78, p. 1109, 2388; V.
79. p. 906. In May, 1904, an interest in the Lehigh
New England
RR. was acquired. V. 78, p. 1785.
;
;
&
&
Bonds.— General M. of 1884 covers, subj. to prior bonds, 7,460 acres
ooal land, 48 miles canal and 161 miles railroad; bonds are reserved to
retire all prior issues.
The $1,418,600 Nepquehoning Valley RR. stock, for whioh an equal
amount of the 4s of 1898 is reserved, was called for payment on Sept.
1. 904, and is held in the treasury. V. 79, p. 107. For mortgage of
1898 see V. 67, p. 125; V. 70, p. 428.
As to collateral trust bonds of 1895, see full statement In V. 61, p. 154.
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.
1
Drvs. since 1891
/
Percent
>
'92 *93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03
1904
4 4
5 6 May ,3ia
5ifl
6 4ia 4
44
5^6
Annual Report.—Report for 1903 was In v. 78, p. 1166. Coal produced In 1903, 2,194,119 tons; 1902,1,112,127 tons; '01,l,i>05,495tons.
1901.
1900.
1903.
1902.
Tear ending Dec. 31.
$2,244,2S2 $1,819,276 $2,157,088 $1,926,175
From railroads
def.9,077
10.734
Canals
def.69,039 def.77,036
500,462
201,096
393,349
730,032
Net profit on Leh.Coal..
225,822
186,339
203,879
217,510
Miscellaneous
Total receipts
$3,109,134 $2,353,098 $2,574,929 $2,623,709
tnt.,rentals,taxes,
Ac. .$1,397,551 $1,354,595 $1,325,365 $1,317,799
Dividends
(6)946,329 (5)717,232 (6)860,799(5ifl)789,066
sr.281,172 sr.388,764 sr. 516,843
Balance
er. 765,253
97,576
87,077
48,636
Sinking fund
100,381
100,000
100,000
222,558
100,000
Depre'n and damage...
(V. 78, p. 1785, 2388; V. 79, p. 107, 905.)
—
Lehigh
&
Wllkesbarre Coal.— See
Central RR. of
New
Jersey,
Mack ay Companies.— Organization.— A voluntary association,
formed under trust deed of December 19. 1903, and managed by four
trut-tees, viz., (Uarenoe H. Maokay, John I. Waterbury, T. Jefferson
Coolidge Jr. and W. W Cook. Controls Com Cable Co. V. 78. p. 991.
Hha-es authorized, common, $50,000,000, and pref. 4 p. 0. cum.
$*0. 000,000 (par of shares, $100 each), Issuable $200 common and
$200 pref. for each $100 of Commercial Cable stook.
Div. on pref., 1 p. c, paid Apr., 1904: July, 1 p. c; Oct., 1 p. 0. Office,
Ames
Bldg., Boston. - (V. 79, p. 1464.)
Madison Square Garden.—See page 1908.
Manhattan Beach Hotel & Land Co.—See page 1908.
Manufacturers' Light & Heat Co.— See page 1908.
marsden Co.—See page 1908.
Maryland Coal Co.—Controls 6,000 aores of land In Alleghany
Stock.— Preferred as in table, and in addicommon, $11,100, and treasury stock, $103,895. Produced
and Garrett counties, Md.
tion old
308,469 tons In 1903; 373,398 tons in 1902. Report for year ending
Jan. 31, 1904, in V. 7«,p. 819, showed: Surplus earnings in 1903 over
interest, etc, were $800,688; in 1902, $288,797; dividends in 1903
(8 si p.c) $160,199; sur. for year, $640,489.
Dividends— > '93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. 1904.
New pf., p.c J 5 314 4si 5 4 4>* 5 5 5 1* 7 8HjJune,3i2
In 1903, June, 3^, incl. 1 extra; Deo. 31. 5, inolu. 2*2 extra; In 1904,
June, 312. Incl. 1 extra.— (V. 78, p. 586, 819.)
Massac hu setts Gas companies.—Organization— A voluntary
association formed in October, 1902, as suooessor of the New England
Gas Coke Co., reorganized without foreclosure per plan In V. 74. p.
1311. Operates 400 by-product coke ovens at Everett, Mass.; 200
additional ovens are to be completed by 1905. (V 70, p. 483; V. 77,
p. 199.). The gas there produced (over 8,000,000 oublo feet dally)
enriched and distributed for consumption in Boston, through
in
the following co's, of whose stook, etc, the amounts named are owned
&
.
.
1
INDUSTRIAL STOCKS AND BONDS.
Oct., 1904.
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
For explanation of column headings, &c.,see notes on
Bonds Value. Outstanding
first page of tables.
Milw. Gas-Ligh I -1st M., g., $10,000,000, red. at 110.Ce. 1902 $1,000
50
Pref. 7%, non-oum.. $10,000,000
Mon. Riv. Con. Coal <£•
1,000
1st mortgage. $10,000,000, gold, s. f., fee text.UPl. e* 1899
1902
5,000
Certificates ot indebtedness, due $200,000 yearly
National Asphalt— fee General Asphalt.
100
National Biscuit— Common stock, $30,000,000
100
Pref stock, 7%, cum., $25,000,000. For bonds see text
100
National Carbon Common stock, $5,500,000
100
Preferred stock, 7 per oent, non-oum., $4,500,000
100
tfat'l Enameling <f flumping—Com. stock, $20,000,000..
100
Pref. stock (as to assets), 7 p. c, cum., $10,000,000.
1,000
1st mort., g., $2,500,000 auth., ho payable y'rly.SSt.. 1901
50
National Fir e> roofing - Com. stock, $5,500,000
50
Pref. stock, 7 percent, non-oum., $10,000,000
50
National Glass— Stock ($1,650,000 is pref. 7% non-oum.)
1,000
1st mort., gold, $200,000, payable Nov., yearly. V Pi.c* 1899
1,000
General mort., $2,500,000, g.,s. f., d'rn at 105 UPi.o' 1901
100
National Lead Co.— Stock, common, $15,000,000 autli'd..
auth
100
Preferred stook (7 per cent, cum.) $15,000,000
Railway Section.
Newark. Consol. Gas— See Street
non-oum.)
100
N. Eng. Cotton Farn-Pf. st'k, ($2,000,000, 6%
1,000
1st M., $6,500,000, gold, s. f. subj. to call at llO.NB.c* 1899
100
New England Telephone <t Teleg.— Stock. $30,000,000..
Bonds, Ser. 3, 4 & 5, $500,000 ea., call aft.10 yrs. at 102 1891-3 1,000
Bonds, Series 6. 7, & 8, $500,000 each, not sub), to call 1895-9 1,000
1900
Bonds, $1,000,000 (text)
1,000
....
100
New York Air Brake— Stock, $10,000,000
O—
—
.
.
o ir tied.
$17,459,200
8,000,0u0
1,998,600
Total Issne.
New England Gas & Coke
(new co.) stook. $17,459,200
8,000,000
bonds
do
do
2,000,000
Brookline Gas Light stock
*1,615,000
certificates of indebtedness
1,615,000
"
bonds
1,000,000
471.000
5 1 9,600
Dorchester Gas Light stook ( V. 74 p. 8 87) .
517,600
250,000
245,300
Jamaica Plain Gas Light Co. stock
1,000,000
Massachusetts Pipe Line Co.(V.67, p. 275) 1,000,000
"
"
notes
1,025,000
(?)
440,000
4 38.3u0
South Boston Das Light stook
600.000
599,300
Roxbury Gas Light stook
2,500,000
Boston Gas Light stook..
2,497,000
2,000 000
Bay State Gas of Massachusetts stock
1,999,300
In 1903 (per V. 76,p.50, 106,161. 386) purchased at foreclosure the
stook deposited as security for the Boston United Gas bonds, of the Bay
State Ga» Co. of New Jerpey, and so controls all the gas oompanies
operating in Boston. V. 79, p. 736.
In May, 1904, this foreclosure sale was upheld by the Supreme Judicial Court, and in the following month dividends, temporarily enjoined pending th* litigation, were resumed by the 4 former A ddlcks
companies flno uded in table above), adding $267,929 semi-annually to
the income of the Mass Ga* Companies. Compare V. 78, p. 1965, 24 5;
V. 79. p. 106. On Deo. 10, 1903, the Boston Con'OlMated Gas Co. was
incorporated with $10,000 capital stock to consolidate the controlled
properties, but merger not completed to July 1, 1904. V. 76, p. 1304;
V. 77, p. 199, 2342; V. 78, p. 10b, 1965.
Stock.— Common stock authorized, $25,000,000, all outstanding;
pref., 4 p. o. cum., $25,000,000, being increased from $15,000,000 each
In Jan., 1903, to acquire stocks of additional gas cos. See above.
Dividends. -On pref. In 1903, 4 p. c; in 1904, Judo, 2 p. c.
Contract —Contract with the Dominion Coal Co. V. 75, p. 1257.
Report. Report for year ending June 30, 1904, with balance sheet,
(also earnings and bal. sheets of constituten cos ). was in V. 79, p.
1640, showing: Dividends and interest received, $1,272,317; dividends,
on pref. stock (4 p. a), *1,000,000; expenses, $20,257; bal., sur , $252,060; total undivided earnings of all constituent companies, $84,618.
Officers.— President, C. Minot Weld; Treas., Wallace 8. Draper; Sec,
John C. Rice. Old Colony Tr. Co. transfer agent. Muss. Tr. Co. registrar.
Trustees —Charles Francis Adams. 2d; Walter Cabot Baylies. Samuel Carr,
Robert Clarence Pruyn. Joseph Balllster Russell. Frederick Elmer >now, (has.
Augustus Stone, Albert Strauss. Christopher Minot Weld, Robert Winsor.—
,
.
—
1
(V.77.
p. 2342;
V.
78, p. 106, 144W, 1S)65, 2445; V. 19, p. 107 7<r,
l«4li.)
for 1902-03
Flergenthaler Linotype.—Listed in 1898. Report
InV. 77,
p. 1744. In 1903-04 total net profits, $2,383,296; dividends
(15 p. c), $1,500,000. Statement as to rival oo's, V. 67, p. 371.
DrviDENDS. ) 1 895. '96. '97. 1898 to 1900. '01. '02. 03.
1904.
Per cent. S 104 16 164
20y'rly.
134 15 15 Iec Bep.,74
In 1902 and 1903. 24 p. o. quarterly (Q.-M.), and in Dec, 5 p. o. extra.— (V. 77, p. 1297. 1744, 22b3; V. 78, o. 2602; V. 79, p. 1706.)
Mexican Telegraph.—Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tamploo and Vera Cruz.
738 miles land line, Vera Cruz to Mexico City, 267 miles. Also direct
cable from Galveston, Texas, to Coatzaooalcos, Mexico, 825 miles, duplicating the Mex. Tel. and Cen. & So. Am. Co.'s Gulf cable system. Owns
2,125 snares of the Central & So. Am. Telegraph <~Vv, which see.
Dividends— In 1882 to 1886, inclusive, 8 per oent yearly; from 1887
to Oct., 1904, both inclusive, at rate of 10 p. o. per annum (24 Q- 1.)
Earnings.— Report for year ending Dec. 31, ] 903. was In V. 78, p1226, showing gross earnings, $56 1,203; net, $463,035; Mex. Govtshare, $20,000; improven ents, $10,471; divs., $191,260; bal , sur.,
$241,304. J. A. Scrymser, Pres., 66 B'way, N. Y.— (V. 78, p. 1226.,
Milwaukee Gas Co.— Seepage 1908.
Monongahfla River Consol. Coal 6c Coke Co.—See p. 1908.
Montreal Light Heat 6c Power Co.—See page 1908.
Mt. Vernon- Wood. C. D. Co.—See U S. Cotton Duck Corp.
National Asphalt Co.— See General Asphalt Co.
National BIscnit.—Organized in 1898 and purchased N Y. Bis. Co.
Am.Bis. & Mfg. Co., etc.— V. 66. p. 288, 901; V. 71, p. 545; V. 77, p. 92*
Dividends.— On pref., in 1898, 54 p. c; 1899, to Aug., 1904, 7 p.
(1% Q-F). On com., Jan., '99, to Oct., 1904, incl..4 p. o. (1 p 0. Q J>
Bonds.—These include N. Y. Biscuit first 6s (MAS.), due Mar., 1911.
$767,000; Am. Biscuit & Man. 1st 6s (F&A.), due Aug., 1910, $545."
000, and $35,000 5s due $5,000 yearly in October. V. 67, p. 274.
Annual Report.— Report for year ending Jan. 31, 1904, was in V
78, p. 766. showing: Sales for year, $40,532,114; net profit, $3,709,515; dividends, 7 p. o. on pref. and 4 p. 0. on common, $2,8^7,005;
bal., sur., $812,510.
President, Benjamin F Crawford; Heo., F. E.
Bugbee; Asst. Treas., J. A. Lewis.— (V. 78, p. 705, 766, 1171.)
;
National Carbon Co.— Organization.—Incorporated in New
Jersey on Jan. 16. 1899. V. 68, p. 85, 130. Dividends on pref. 1899,
34 p. c; 1900, to Nov., '04,H» p.o. quar. Report for year ending Jan.
31, 1904, with bal. sheet, in V. 78, p. 818. showed: Net earnings,
$736,441; dividends (7 p. c) on preferred, $315,000; depreciation, etc.,
$280,427; bal., sur., $141,012. Pres., James Parmelee; Treas., H. E.
Haokenberg; Seo.,H. J. Davies. Main office, Cleveland.— (V.78,p. 818.)
National Enameling 6c Stamping.—See page 1908.
National Fireprooflng Co.—Incorporated in 1889; name
Changed in 1899 from Pittsburgh Terra Cotta Lumber Co. Controls
29 plants adjacent to various cities between Boston and Chicago, over
4,000 acres of coal and clay lands, patent rights, etc. Manufactures
porous terra cotta, fireprooflng, hollow tile, building blocks, etc.
1897
Bonus— rmioiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
4 g. M.
$7,000,000
9,995.000 See text J.
9,255,000
e A.
l,860,00u
i
J.
-
29,236,000 4 in 1904
24,804,500 7 in 1904
5,500,000
4,500,000 7 in 1304
15,591,800 4 in 1904
8,546,600 7 in 1904
5 g.
1,750,000
4,489,850 See text.
7,954,150 7 in 1904
3,900.000
1,000 000
6 g.
1 ,500,000
14,905,400 1 in 1900
14,904,000 7 in 1903
2,000,000
5.263.000
See text. 6 in
1,500,000
1,500,000
1.000.000
8.012,500 8 in
Whom.
Payable
Cent.
<fe
&
&
&
Dividend.
%
N. N. Y., company's office. May 1. 1927
J.
Checks mailed.
Jan.26,*04, 34i
O. Union Tr. Co., Pitts., Pa. Oct. 1, 1949
do
J.
Q.-J. 15 Chicago
Q.-P.
do
July
Checks mailed.
Q.-J.
Q.-J.
M. <fe 8
Q.-F.
Q.-J.
1917
York, Oct.15,'04, 1%
do
Aug.31,'04,isii
do
Q.-F. 15
1,
& New
Nov.15,'04,1%
Y., Colonial Tr. Co. Oct. I, '04, 1%
do
Oct. 1, '04, 1\
do
L. Tr. Co., St. Louis Sept. 1, '05, 11
Checks mail d.
do
do
M. & N Mellon & Sons Bk, Pitts.
M. & N
do
do
March. N. Y., 100 William St.
Q.-M.
do
do
Aug.25,'03,14
Oct. 25/04,1 %
1905 to 1909
Nov. 1, 1921
Mch.1,'00,1%
Sep.15,'04,1%
Aug. 1, 1929
g. F. & A Bost., N. Shawmut Bk
Boston, 119 Milk St. Aug.15,'04.14
1903 Q.-F.
A. & O. Boston, Bank of Repub Apr., 1906 7-8
6
A. A O. Bost., Nat. Bk. Com'rce. 1915,'16<fc'19
5
4
J. & J. Bost., Nat. Bk. Com'rce, Jan. 1, 1930
1904 Q.-J- Office, 66 B'way. N. V Oct,15,'04, 2%
5
Properties owned, see V. 72, p. 296, 1191; V. 76, p. 651. Production
In 1902 750,000 tons, to be increased In 1903 to about 1,000,000 tons.
Stock, Etc.— Common stock, $5,500,000; pref., 7 p. c. non-oum.,
if 10,000,000; amounts outstanding, see table above; par of shares. $50.
Floating debt, $886,285. V. 76, p. 482, 651. Mortgages, $136,169.
Dividends.— On preferred, Oct., 1900, to Oct., 1904, both inclusive,
7 p. 0. yearly (paid Q.-J.). On common. May, 1901, to 1P02, 5 p. 0.
yearly; in 1903, 44 p.o none since to July, 1904. V. 77, p. 2038.
Report —Report for year ending Dec. 31, 1903, in V 78, p. 766,
shewed: Net earnings, $1,107,289; reperve, $100,000; dividends (44
p. c on com. and 7 p. 0. on pref ), -6713,538; balance, surplus, $293,751.
Officers —Chairman, D. F. Henry; President, W. D. Henry; Treas.,
H. Graham; Secretarv, C. G. Jones. Directors (Feb 1903), V. 76.
p. 4.82. Office, Bessemer Bldg., Pittsburg, Pa.-(V.78,p. 705, 766, 823.)
National Glass Co. —Organization. Incorporated in Pennsylvania on July 5, 1899, as a consolidation of tableware manufacturing
Interests. V. 69, p. 61, 1015; V. 78, p. 587. In 1899 capacity, 678 pots.
In 1904 the several properties were leased to various parties. V. 78,
p. 587; V. 79. p. 736. For 8 outside concerns, capacity 280 pots, see
V.69, p. 1015.
Stock.- In 1903 $1,650,000 pref. stock was subscribed for at par,
$875,000 being paid in cash and the balance by surrender of $775,000 of old (common) stock. V. 75, p. 1357; V. 76, p. 438.
Bonds.— First mortgage oonas of 1899 are payable $200,000 yearly
Nov. 1, in numerical order beginning with cumber one, at Pittsburg. Of
the general mortgage bonds sufficient are reserved to replace the first
irortgage bonds. V. 73, p. 239, 348, 618 ; V. 75, p. 1357.
Officers.— President, Andrew W. Herron; Secretary and Chairman
;
Wm
,
—
of Exeoutlve
Committee, Addison Thompson; Treas.,
Office, Pittsburgh,
Pa.— (V.
H. Mitchell.
C.
78, p. 587, 1278; V. 79, p. 736.)
National Lead Company.—Organization.—organized under
the laws of New Jersey on Dec. 7, 1891. It controls extensive plants
in different States for manufacture of white lead and other produots.
&
Refining Co., whose stook is owned, author zed in
p. 0. bonds, due June 1, 19z0, but subject to call in
1905; int. paj able J. D.; Mercantile Trust Co., N. Y., trustee: $50,000,
are guaranteed; V. 72, p. 390. Status Jan., 1904, V. 78, p. 77J.
8t.
Louis Smelting
1900 $1,000,000 5
&
Securities.— The preferred stock Is entitled to 7 p. c. per annum cu*
mulatlve. Seeeditorlal of May, 1893. Supplement, and V. 60, p. 349.
Dividends.— I 1892. '93. '94. '95. '96. '97. 1898 to 1900. Since.
Common, p. c. )
2
3
1
1% yearly. None*
Preferred, p. o. 7 per oent yearly (1 % Q-M to Sept., 1904, lnolusive).
annual Report.—xhe annual report for 1903 in V. 78, p
7H6, showed: Net earnings, $1,569,069; dividends on preferred, $L>
043,280; balance for year, surplus, $525,789. In 1902, net, $1,202,514.
Directors.— W. H. Thompson, E. C. Goshorn, F. W. Rockwell, L. A.
Cole, R R. Colgate, A. P. Thompson. Wm.
Lawrence. J. A. Stevens,
George O. Carpenter, Edward F. Beale, R. P. Rowe, Walter Tufts and
Charles F. Wells. Pres., L. A. Cole; Charles Davison, 8ec; Wm. W.
Lawrence, Treas. N. Y. office, No. 100 William St.— (V. 79, p. 216.)
National Salt Co.—See page 1908.
Nat. Starch Co.—See Corn Products uo.; V. 74, p. 371, 330, 383.
National Sugar Refining.—See page 1908.
Newark Consolidated Gas.— See Street Railway Section!
Central Coal (Md.).— Owns coal lands in Allegheny County
Maryland. Tons mined in 1898, 203,677; 206,262 in 1897. 188.453
in 1896, 201,826 in 1895, and 151,002 tons in 1894; net profits,
in 1898, $37,397; in 1897, $32,006; in 1896, $23,018. N. Y. office, i
Broadway. In 1898 reduced the stock from $5,000,000 to $1,000,000
and shares from $100 to $20. V. 66, p. 901. 1140; V. 64, p. 515.
W
New
Divid'ds.— )88.'89.'90.'91-'94.'95-'97.'98.'99.'00.*01.'02. '03 '04
Since '86 p. c. > 1
1
2
4
2
4 Mar 2
The dividend was passed in Sept., 1904. V. 79, p. 1333.— (V. 71. x>
P
700; V. 76, p. 334, 1196; V. 79, p. 1333.)
England Cotton Yarn.— A consolidation of 9 yarn milla
of New Bedford Fall River and Taunton.— V. 69, p. 28, 81, 181; V. 70.
587, 1294. Total, 620,000 spindles. V. 71, p. 345; V. 73, p. 443. Inp.
corporated in Massachusetts Nov. 27, 1903, as successor, per plan in
V. 77, p. 40, 149, 20^, of New Jersey Co. of same name; V. 77, p. 2161
Securities.— Stock authorized, common, $3,900,000; pref. (as to
assets and accrued div. and subject to redemption after Jan. 1, 1904,
at $140 per share and accrued dividends), « p. 0. non-oum., $2,000.000. As to sinking fund for bonds, see V. 77, p. 2161.
The net earnings of predecessor company over all charges for four
years averaged over $700,000 yearly, which on the basis of fixed
charges of the new co. would, it is stated, mean surplus earnings
(over charges) of $840,000 per annum, applicable to sinking fund
aEd renewal payments and dividends on stocks
Report —Balance sheet of June 27, 1903, of old co. in V. 77, p 348.
Pres., C. Minot Weld. Directors, Deo., 1903, V. 77, p. 2162.— (V. 77.
p. 348, 352, 513, 2161; V. 78, p. 102.)
England Telephone Telegraph.—This company does a
telephone business in Maine, New Hampshire, Vermont and Massachu'
New
New
setts
&
under license from The American Bell Telephone Co.
On January
21 »1' stations
07,608 In
h S04J U had owned6by Amer. In all, against Telegraph 1903. Of stock
$12,587,500 is
Telephone A
(Bell)
]
1
J.
Co. V.
70, p. 40. Stockholders in June, 1904, were offered the right to subscribe for $3,088,100 new stoos at par, payable one half on Aug. 16,
1904, and one-b#lfonFeb. 16, 1905, increasing the a mount outstanding to $24,' 04 u»0. V. 78, p. 2337. The debentures are to be secured
by any mortgage p.aced.
Dividends.-
Percent
>
1886-93.
J
34 yearly.
1894 ,1895
4
4%
'96. »97.
54
1398 to Aug., 1904.
6 yearly (14 Q.-F.
INDUSTRIAL STOCKS AND BONDS.
1898
[Vol. lxxix.
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
Date Size, or
Amount Rate per When Where Payable, and by
Par
of
For explanation of column headings, &c, see notes on
Bonds Value. Outstanding Cent.
first page of tables.
Whom.
Payable
Y. Dock— Pr«f. stock, 5%, non-oum. (text)
1st mort., $13,000,000, gold, oall at 105.
If.
.
Usui
c&r 1901 500 &c
N. Y. Oas Elec. Light Heat <k Power— See Consol. Gas.
ST. Y. <£ Hoboken Ferry Co.— Stock ($4,000,000)
1,000
Hob. Fer., 1st cons. M., red. 110 ($4,500,000). Cim.o" 1896
N. Y. & N. J. Ferry, two morts. ($600,000 are 1st 4s).. 1896
i',6o6
N. Y. & Hoboken Ferry, gen. mort., gold, $4,000,000.. 1898
100
N. I. Mutual Oas Light — Stock (bonds, see Cons. Gas)...
1,000
N.Y. Mutual Tel.— Mut.Un.Tel. IstM., g.,gu.,notdr'n Cec 1881
100
fftw York t£ New Jersey Telephone— Stock, $15,000,000..
1,000
M. (now 1st) $1,500,000, g.,s.f.$20,000y'rly,notdr.A.c* 1890
100
NilesBement-Pond Co.— Stock, common, $5,000,000
100
Pref. stock, 6%, cum., $3,000,000, oall in 1911 at 105..
Pratt & Whitney, 6 p. c. cum. pf. stock, gu., red., text..
Korth American— Stock, $17,000,000
"Too
1895
Northw. OasL. <& Coke— Consol. (now 1st) mort., gold
1,000
1898
500
Mortgage, $2,000,000, gold. EC
1892
1,000
Cicero Gas, 1st m< rtgage.MC
1,000
Do
Gen. & ref. M., $5,000,000, g., gu.p.<fei.EC.o* 1902
100
Ohio dt Ind. Nat't <t Ilium. Gas— 8tock, (Bonds see text)..
Otis Elevator— Stock, common, $6,500,000
"100
Stock, preferred, 6 per cent, non-oum, $6,500,000
Gold notes, due Jan. 1, yearly (see text)
"Too
Pacific Coast Co.— Stock, common, $7,000,000 (see text)
100
1st preferred stock, $1,525,000, 5 p.o. non-cumulative.
100
2d pref. stock, $4,000,000, 4 p. o non-cum. (see text) .
1,000
...c* 1897
1st mortgage, $5,000,000, gold.
Ma
Annual Report.— Fiscal year ends Dec. 31. Report for 1903 was
In V. 78, p.2332, showing gross earnings $6,692,865; net over interest, maintenance, taxes, etc., $1,415,140; dividends (6 p.o.) $1,297,002;
balance, sur. for year, $1 18,138— (V. 78, p. 1785, 2332, 2337.)
York Air Brake.—Incorporated under laws of New Jersey,
Works at Watertown, N. Y.; capacity. 500 sets of oar brakes a day. In
April, 1902, Russian plant was placed in operation. V. 74, p. 887.
In 1896 dividend 6 p. c; in 1897 and 1898 none; Oot., 1899. to
Oct., 1904, incl., 2 p. c. quar. (8 p. c. per an.). New stock, $1,250,000
was issued in 1899 for extensions and $1,562,500 additional in 1901.
As to patent litigation see V. 69,
V. 69, p. 181, 388; V. 72, p. 876.
p. 181, 442; V. 70, p. 636; V. 73, p 1359; V. 75, p. 1358; V. 79, p. 217.
Directors.— President, C. A. Starbuok, 66 Broadway; Vice-Prest
Daniel Magone Secy, and Treas.. John C. Thompson; Asst.-Treas
C. H. Chaffee, Fred. Flower, H. A. Rogers, J. C. Young, Anthony N.
Brady, Thomas C. Purdy and George B. Massey.- (V. 79, p. 217.)
New
;
,
New York Dock Co.—Organization.—Incorporated in N.Y.8tate
18, 1901, as successor of the Brooklyn Wharf & Warehouse Co.,
foreclosed and reorganized per plan V. 72, p. 937. Possession
token Aug. 1, 1901. V. 73, p. 239. Owns water frontage in Brooklyn
"frontage of more than 214 miles," of which 157 feet leased. Official
statement, V. 73, p. 1355. Projected tunnel to N. Y. see V. 76, p. 483.
Stock and Bonds.— Com. stock, $~,00o,000; pref. 5 per oent noncumulative, $10,000,000, all in shares of $100 each. Alter 5 p. 0. on
Doth stocks the two stocks to share equally. Of the bonds, $1,420,000 were in the treasury July 31, 1904.
Dividends.- On pref., 1 p.o., 1902; *03 and '04, 2 p. o. each (A&O).
Report.— Report for year ending July 31, 1904, with balance sheet,
in V. 79, p. 1330, showed: Gross earnings, $1,670,445; net over repairs,
etc, $864,385; interest on bonds, $463,200; dividends (2 p. c), $200,000; balanoe, surplus, $201,185.
on July
Jr.; Vice-Pres., Columbus O'D. IseSec, Edwin Thome; Treas., George E. Spencer. Office, 8 & 10
Bridge St. (Manhattan), N. Y. Directors, V. 73, p. 141, 1114; V. 75, p.
1358.-IV. 76, p. 483; V. 77, p. 773, 822; V. 79, p. 1330.)
York 6c East River Ferry.—Owns the "Astoria" Ferry between Astoria. L. I and foot of 92d St., New York, and has three ferryboats. Capital stock, $750,000; dividends are payable Q.— M.
Officers.— Pres., David H. King
lin;
New
,
Dividends.-)
'95. '96. '97. '98. '99. '00. '01. '02. '03.
«6
1904.
(Q-M) P.o.
4 4ifl55 5 I
6
6 Incl.Sep.,4ifl
-N.,
Bonds, $750,000 1st 30-year gold 5s due Nov. 1, 1922, Interest
at Kings Co. Trust Co. Directors— William A. Nash. Theo. F. Jackson, H. K. Knapp, E. Lehman and Roswell Eldridge.— (V. 71, p. 392.)
York & East River Gas Co.—See Consolidated Gas Co.
New York Edison Co.— See Consolidated Gas.
New York 6c Hoboken Ferry Co.— Incorporated Nov. 10,
1898, under the laws of fcew Jersey as successorof the Hoboken Ferry
Co.. operating from Barclay Street, Christopher St. and West 22d St. to
Hoboken. V. 77, p. 454. In Apr., 1903, the Del. Lack. & West. RR. acquired the entire ^3, 300,000 stock. Dividends 1899, 1 p. c; 1900, 4;
1901,4%; 1902,5; since, (?). V. 78, p. 815.
Bonds— Of the $4,000,000 gen. 5s of 1898, $700,000 were reserved
for improvements all are redeemable at 110.— (V. 77, p. 454.)
. N. Y.IT1 u i.iiitn Light.— See Con. Gaa.N. Y.ITI ut.Tel.—See p. 1908.
New York 6c New Jersey Telephone.— Operates telephone
lines under perpetual license from the Bell Company in Staten Island,
Long Island (including Brooklyn), in New Jersey in counties of Bergen,
Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex and Union. Total stations on Jan. 1, '04, were 64,808 (of which 31,695 on Long Island), 53,184 in 1903, 42,130 in 1902 and 35,176 in 1901.
Stock —Stockholders are offered the right to subscribe at par for
$1,252,000 stock, payable 50 p. c. Mar. 1, 25 p. 0. June 30 and 25 p. c.
Sept 30, 1904, raising the amount outstanding to $13,772,000. Real
estate mortgages Jan. 1, 1904, $92,500.
1894 to Oct,, 1904, inclusive,
Dividends— / 1892.
1893.
6
Per Cent.
6
7% yearly (inol. 1% extra in Jan.)
i
Earnings.— Report for year ending Dec. 31, 1903, was in V. 78, p.
817, showing gross, $4,741,342; net, $1,471,347; interest and taxes,
$181,214; dividends, $852,215; balance, surplus, $437,918. In 1902,
gross, $3,962,597.— (V. 75, p. 669; V. 76, p. 592; V. 78, p. 345, 817.)
N. Y. 6c Q». Elec. Light 6c Power Co.—See page 1908.
N. Y. Suburban Gas.— See Consol. Gas Co. (N.Y.& Westohes.Ltg.)
New York Telephone Co.—See page 1908.
York 6c Texas Land Co.—See page 1909.
N. Y< Transportation;— See Section Jan., 1904; V. 79, p. 155.
Niagara Falls Power Company, The.—Organized in 1886 and
sas authority by special acts of New York State to use the water of
Niagara River and also to transmit any power, heat or light developed
from such water to practically any point in New York State. It has
1,071 acres of land devoted to manufacturing sites for users of its
electrical power. Tunnel first opened January 1, 1894. Completion
of installation of power house No. 2 increased in 1904 the company's
capacity to 105,000 electrical horse power and 8,000 hydraulic horse
power on the American side. A plant on the Canadian side of 100,000
horse power is under construction; first installation of 50,000 horse
power is to be completed in 1904. V. 72, p. 939; V. 73, p. 35. List of
customers in May, 1904, see V. 78, p. 1910.
Par.
Interest.
Outsland'g. Maturity, etc.
Securities.
$100
$1,180,700
Stock
1st mortgage, gold, I 500, &c. 5g.-Various.
10,000,000 Jan. 1, 1932
$10,000,000. Ce
Debenfs, g conv., / , 000
fie -A&O
1,vw
og< A<KU
3,000.000 Apr. 1, 1910
$3,000,000. Mp. \
Debentures, con v., * , nnn
1 000
6g.-A.&0.
3,000,000 Oot. 1, 1911
S3
M
New
:
;
New
'
,
-
,000...
Mo
5
'
&
&
$100 $10,000,000 2 in 1904
Usm
11,580,000
3,300,000
4,100,000
1.000,000
3.300,000
3,500,000
5,000,000
13,690,100
1.277,000
5,000,000
2,000,000
1,225,000
16,800 000
250.000
1,202,000
500,000
1,770,000
9,000.000
4g.
5 in 1902
4&5
5
&
N. N.
M.&Tr.
Co.
9 in 1904
Aug.
Dec.
Y,
Oftioe D. L.
1,
1%
1951
lH
1, '02,
1, 1946
Jan. 1, 1946
1, 1946
July 9, '04,
& W. May
do
do
& J.
May
do
do
& D.
mailed.
Checks
& J.
5%
N. Y., West. Union Tel. May 1, 1911
M. & N.
Bklyn,81WilloughbySt. Oct. 15, '04,1 1«
Q.-J.15
M. & N. N. Y., Atlantic Tr. Co. May 1, 1920
Sep.l5,'04,lia
Checks mailed.
Q-M.
.1.
g.
Due
Stocks— Last
Dividend.
Oct. 15,'04,
O.
A. N.Y..U. S.
Q.-M.
M.
5
Bonds— .Principal, When
J.
J.
6 g.
7 in 1904
5 g.
8 in 1904
6 in 1904 Q.— F.
6 in 1904
5 in 1904
g
-
i
5 g.
2 in 1902
6,5-50,300 See text.
5,599,500
6
600,000
4g.
6,738,800 5 in 1904
1,502,800 5 in 1904
3,904,200 5 in 1904
4,446,000
5 g.
do
Aug.l5,'04,Ha
do
Aug.l5,'04,H3
do
do
Q.-M. N. Y„ 30 Broad Street. Sept. 1,'04,
Q.-J. Equit. Tr. Co., Chicago, Jan. 1, 1915
do
Deo. 1, 1928
Q.-M.
do
Q.-J. Merch. L. & Tr., Chicago July 1, 1922
J. & J. Equit. Tr. Co., Chioago. July 1, 1932
Q.-M N. Y., Corn Exc. Bank. June 1, '02.1%
See text N. Y. Off., 17 Batt'y PI. Apr. 15, '04, 2
do
do
Oct. 15,'04, li«
Q.-J.
To 1908
do
do
J. & J.
Q-F. Checks from Co.'s office, Nov 1,'04, 1H
Nov. I,'04,li4
Q.-F.
do
do
do
Nov. 1,'04,
Q.-F.
do
J. & D. N.Y.,Manhat. Trust Co. June 1, 1946
m
m
Stock authorized by stockholders $10,500,000. Issued, $4,180,700
$6,000,000 being reserved for conversion of debentures.
The first mortgage of 1891, $10,000,000. covers 1,071 acres in
city of Niagara Falls, tunnels, franchises, etc; also the majority stook
of the Cataraot Power & Conduit Co., Buffalo, and the Tonawanda
Power Co., North Tonawanda, N. Y. Coupon mort. bonds are $1,000
each; int. J & J; registered; $500 or multiples of $500; int. Q.-J. For
the construction of power house and wheel-pit No. 2, with connecting
tunnel, $3,000,000 debentures, dated April 1, 1900, convertible into
stook, $ for $, at holder's option on or before April 1. 1908, have been
issued. Stockholders in July, 1901, subscribed at par to $2,700,000
of $3,000,000 new debentures, payable in instalments, to build plant
on Canadian side, convertible at holder's option after Oct. 1, 1903,
and before Oct. 1, 1908, into stock, $ for $. They are secured by an
equal amount of debentures of Canadian Niagara Power Co. V. 73, p.
35. See V. 70, p. 689.
Report.— For year ending June 30, 1904, in V 79, p. 1461, showed
gross, $1,126,423; net, $911,893; other income, $114,936; fixed
oharges, taxes, etc., $792,560; Improvements and betterments, $74,331; bal., sur., $159,938.
President, D. O. Mills
1st Vioe-Pres.. Edward A. Wickes; 2d V.-P.
and Treas, William B. Rankine; 3d Vice-Pres., Geo. W. Davenport;
Sec, Frederick L. Lovelace; Asst. Sec and Asst. Treas.. W. Paxton Little.
N. Y. office. 15 Broad St.— (V. 78, p. 1910; V. 79, p. 1461.)
;
Nlles-Rement-Pond Co.—Organization.—Incorporated in New
Jersey on Aug. 11, 1899, as a consolidation of the Niles Tool Works
Co. etc Does much of the heavy machine trade of the country.
V. 69, p. 388. In January, 1901, took over entire common stook
($1,525,000) of the Pratt & Whitney Co., guaranteeing 6 per oent on
the latter's $1,225,000 preferred stock (subject to call in 1911 at par)
provided that the guarantor earns same on its own stook. V. 71. p.
139; V. 70, p. 1253; V. 72, p. 143. In Mar., 1904, control of Milwaukee Machine Tool Co. was aoquired. V. 78, p. 1113.
Stock, common, $5,000,000; pref., 6 per oent cum. (subject to oall
In 1911 at 105), $3,000,000, of the latter $1,000,000 being unissued.
Div. on pref., Nov., 1899, to Aug.. 1904, l** p. 0. quarterly, (Q.-F.)
On common, Sept., 1900, to Dec. 1901, 6 p. yearly (Q.-M); 1902 to
June, 1904. inol., 8 p. c; 3 p, 0. has been declared, payable 1*3 p.o.
Sept. 15 and Ha p.o. Deo. 15. V. 79, p. 631. Balanoe sheet Dec 31,
1903, V. 78, p. 1781. Statement for cal. year 1902 in V. 76, p. 545,
showed: Net, $1,627,965; reserve for depreciation, $200,000; div. on
pref. (6 p. c), $253,500; on common (8 p. c), $400,000; balanoe, sur.,
$774,465. Pres., R 0. MoKinney; Treas., Chas L. Cornell; Sec, E. M.
C. Davis, 136 Liberty St., N. Y.— (V. 79, p. 631.)
,
North American Company.—Organization.—Organized in 1890
New Jersey as successor to the Oregon & Trans-Conti-
under laws of
Dental Co. Is interested in street railway and electrio enterprises. In
1901 the stock was deoreased from $40,000,000 to $12,000,000 by the
issue of one share for each 3% shares. V. 73, p. 30; V. 76, p. 106.
The stockholders voted on Mar. 23, 1903, to increase the stock from
$12,000,000 to $17,000,000 to pay for stook of the Laolede Gas Light
Co. of St. Louis and increase the company's holdings in the gas and
elec light business in St. Louis and elsewhere. V. 76, p. 545, 814, 923.
Dividends.— In 1903, 4 p. c in 1904, 5 p. c, derived from interest
and dividends received from permanent iuvestments, is payable quarterly on March 1, June 1, Sept. 1 and Dec. 1, 1904. V. 78, p. 345.
Report, etc.— Fiscal year to end Dec. 31. Report for year ending
May 31, 1904, at length was in V. 78, p. 2439, 2603. Controls Milwau
kee Electrio Railway & Light Co. (see Street Ry. Sdpp.); also the CinTraction Co. V. 72, p. 922,
Covington Light
cinnati Newport
Power Co., of St. Louis,
V. 74, p. 584, 1306, Union Electric Light
V. 74, p. 1256, 1306, V. 75, p. 345, 506, 1258, V. 77, p. 40, 774; V. 78,
p. 346, and Detroit Edison Co., V. 75. p. 983. Laolede Gas Light Co.
of St. Louis, see V. 76, p. 1360, 1361; V. 78, p. 1278. On May 31. 1904,
owned: Stocks, $17,903,972; bonds, $183,579; and balanoe sheet
showed loans payable, $136,277; aooounts receivable, $177,454;
cash, $522,241.
;
&
&
&
Directors.—Edward Q. Keasbey, John I. Beggs, C.W. Wetmore, 8. W.
Edwin M. Bulkley, Wm. Nelson Cromwell, G. R. Sheldon, Edmund C. Converse, Henry C. Payne. Robert Baoon, Chas. F. Pflster,
Chas. A. Spofford. President. C. W. Wetmore 2nd Vice-Pres., Wm. F.
White; Sec, Silas W. Burt; Treas., Geo R.Sheldon, 30 Broad 8t.-(V.
Burt,
;
78, p.
2439, 2595, 2603)
Northern Union Gas Co.— See Consol. Gas Co N. Y. City.
Northwestern Gas Light 6c Coke Co.— See page 1909.
Northwestern Telegraph.— Owns 10,000 miles of wire and
,
Is
leased to Western Union for 99 years, which guarantees dividends
at 6 per cent on $2,500,000 stock (par $50) and principal and Interest
on 1st mort. 30-year gold 4ks ($500 each), due Jan. 1, 1934, Interest
J. & J. at Western Union office, 195 Broadway, N. Y.; Bowling Green
Tr. Co. of New York, trustee. Guaranty, V. 79, p. 216.— (V. 79, p. 216.)
Ohio 6c Indiana Consol. Nat. 6c Ilium. Gas.—See page 1909.
Water Co.— See page 1909.
Otis Elevator Co.— Incorporated Nov. 28, 1898, under the laws
of New Jersey and took over about 13 plants comprising about
85 per cent of the business. See V. 71, p. S45\ V. 74, p. 271; V. 75,
Stook $6,500,000 common; outstanding, $6,350,300. Pre?i.
652.
erred outstanding (see table above), $4,499,800. The stook holders
voted on Sep. 8, 1902, to increase the authorized preferred stook from
$4,500,000 to $6,500,000; of the new stock $989,500 was sold to stockholders pro rata at par for improvements and working capital, the
balance to remain for future purposes. V. 75, p. 345, 552.
Dividends on pref., July 15, 1899, to Oct, 1904, both Inclusive, l^p.
First div. on common, 2 p. c, paid Apr., 15
0. quar. (6% per annum).
Omaha
,
.
.
INDUSTRIAL STOCKS AND BONDS.
Oct., 1904.]
MISCELLANEOUS.
Date
Size, or
Amount
INTEREST OR DIVIDENDS.
per When Where Payable, and
Rate
Par
of
For explanation of column headings, Ac, see notes on Bonds Value. Outstanding
Payable
Cent.
first page of tables.
$100 $20,000,000 3 in 1899 J. & D.
.........
Pacific Mail Steamship— Stook
5 g. A. & O.
1,500,000
1902 500 &0.
<£ Nav.-Deb. (V.74,p. 1143) g., s. f., red. text.
Pac Pack.
d Panto ic Oat dt Elec.—See Strbet Ry. Section.
Palerton
J. & J.
6
1,977,000
1,000
Pennsylvania Canals- Gen. M., $5,000,000, int. guar, o* 1870
100 16,500,000 7 in 1904 M. & N.
Pennsyle. Steel Oo.—Pl. stook, 7%. non-oum., $25,000,000
M. & N.
5
1,000,000
r 1887
1,000
Old ronua. Steel IstM., our GP
F. & A.
5
1,915.000
r 1892
1,000
Marvlaud Steel 1st mortgage, ourrency.«P
6g. M. & S.
3,482,000
Penn. Steel Co., Consol. mort., $7,000,000, gold.GP o* 1895 500 Ac.
5 g. A. & O.
7,350,000
1902
1,000
Collat. trust loan Cornwall properties, s. L, red. text
5 g. J. & J
480,000
1,000
Maryl'd Steel car tr bonds, g $60,000 due y rly, call 105 1902
—F.
100 32,969,100 6 in 1903
People's Oat Light & Coke (Chicago)—Stook, $35,000,000
& N.
6g.
2,100,000
500
People's Gas Light & Coke 1st M. (to be paid Nov. l)..c 1874
J. & D.
2,500,000
500
c 1874
2d mortgage (to be paid Deo. 1)
6g. A. & O.
4,900,000
*e 1893
1,000
1st consol. mort. for $10,000,000 gold. Ce
6g. J. & J.
2,000,000
1,000
o" 1885
Equitable Gas Light & Fuel 1st mortgage Ce
5 g. J. & J.
10,000,000
1,000
o 1887
Chicago Gas Light & Coke 1st mortgage, g.(FP)
J. & D.
4,246,000
1,000
Consumers' Gas 1st mort., gold. See V. 66, p. 472. Ceo 1886
M. & N.
500,000
1,000
o 1885
Illinois L. H. & Power 1st mortgage
6g. J. & J.
300,000
IC 1885 1,000
Lake Gas & Light 1st mortgage, gold
M. & 8.
See text.
1,000
Refunding My $40,000,000, g.F...o*<fcr 1897
P. G. L. A
t g M. & N.
5 g.
5,000,000
Mutu al Fuel Gas 1st mort., $5,000,000, gold, assumed. 1897 1,000
6g. J. & J
250,000
1,000
Calumet Gas Co.lst mortgage, assumed
25 24,987,750 5 ill 1903 J. & D.
Phila. Electric—Stock to be $10 per sh paid in (see text).
4g. J. & J.
14,982,200
Phlla. Eleo. Trust Ctfs., gold, $17,500,000 (see text)... 1899
5 g A. & O
1,994,300
1896 100 &c.
Edison Elec.Trust Ctfs., gold (Ed.stk. ascoll.)
5 g A. & o
1.000 11,268,060
Old Phila. Eleo. Tr. Ctfs. (Penn. H. L. & P. stock as col.) 1898
100 30,135 000
Pittsburg Ooal— Common stock, $32, COO 000
.
,
*
?*
C—
-
1903, from earnings of 1902; on Apr., 15, 1904. 2 p. c. V. 78. p. 11 14.
Gold notes, [$600,000, due $200,000 yeariy,;Jan. 1, 1906 to 1908, inclusive.
Report for year ending Deo. 31, 1903, with bal. sheet, in V. 78, p. 1220,
1273 showed net earnings over interest and renewals. $908,055; div.
on pref. (6 p. c), $332,670; div. on common (2 p. c), $127,006; charged
off for depreciation, $266,575; bal., surplus, added to working oapital,
$200,000. Office, 17 Battery Place, N. Y.— (V. 79, p. 683.)
Pacific Coast Company.—This company controls the Pacific
Coast Steamship Company (owning its entire capital stook) and
operates five steamship lines running between San Franoisoo,
Portland, Victoria, 8itka, Fort Bragg, San Diego, &c Also owns all the
securities of the Columbia & Puget Sound RR. (now standard gauge)
Seattle to Franklin, etc., with sidings, 57 miles, and its New Castle
mine; the Pacific Coast Ry (narrow gauge), Port Harford, Cal., to Los
Olivos, 80 miles. Operates Franklin Coal Co. owning Franklin mine,
with 3.050 acres coal lands at Franklin and 2,083 aores at New Castle;
also Black Diamond (Wash.) Coal Mining Co. acquired in May, 1904.
History.— Successor on Dec 1, 1897, to the Oregon Improvement
Co., sold in foreclosure and reorganized p. plan in V. 65, p. 412, 463*
1900 to Aug., 1902. Since.
1899.
Dividends— )
1898.
2
2
(4% per an.)
1H quar.
Com., per ct..
4i
1*4 quar.
5
(5% per an.)
1st pref., p. c
1*4 quar.
3*3
4
2d pref., p. c. J
(4% per an.)
After 4 p. 0. on 2nd preferred and common, these stocks share equally.
Gross, $1,215,505; net, $256,524
Latest Earns.— 2 mos. > 1904
Gross, 1,127,716; net, 231,898
51903
July 1 to Aug 31.
Report.— Report for year ending June 30, 1904, in Chronicle of
Oct. 29, 1904, showed gross of steamships and colliers, $3,880,038; net,
$492,710; rail lines, gross, $614,617; net, $296,170; coal department,
etc, gross, $1,408,317 net, $396,149. Total results were:
$5,902,972 Interest on bonds
$222,300
Gross earnings
28,797
Op.expenses and taxes. 4,717,943 Depreciation, etc
Div. on 1st pref. (5%)....
76,250
Net earnings
200,000
$1,185,029 Div. on 2d pref. (5%)
Interest and discount.
45,432 Div. on common (5%)
350,000
I
fl
|
;
j
.
Balance, surplus
Total net income
$1,230,461
$353,114
For year 1903-04, gross, $5,606,754; net, $1,211,977.
Officers, Etc.—Chairman of the board and Pres., H. W. Cannon;
Vice-Pres., J. C. Ford; Treas., John Kean; Vice-Pres., W. M. Barnum;
Sec. and Asst. Treas., Clifford C. Fay. Executive Committee: Henry
W. Cannon, E. H. Harriman, Daniel S. Lwnont, T. Jefferson Coolidge
Jr., and GrantB. Schley. N.Y. office 10 Wall St. -(V. 79, p. 1706.)
Pacific Mall Steamship.—In Nov., 1900, the Southern Pacific
Co. acquired $10,005,000 of the stock.
V. 71. p. 1015.
In June, 1902,
made three year agreement with Panama RR. V. 74, p. 1255. Steamers owned April 30, 1904, V. 79, p. 498.
Dividends.— No dividends from 1887 until Dec, 1896, when 1 p. 0.
•was paid; in'97, 2p.c; in '98,2*3 p. c; in '99, June, l 1^ p. c; Dec.l^p.c,
none since, surplus being invested in new vessels, etc. V. 70, p. 331.
Report.— Report for 1903-04 in V. 79, p. 498.
Tear ending Apr. 30.
1904.
1903.
1902.
1901.
Steamships
Subsidies
Miscellaneous
$3,439,113
15,180
147,473
$2,677,913
14,510
135,083
$1,883,413
8,640
137,293
$2,868,969
13,878
188.319
Total earnings... .$3,601,766 $2,827,506 $2,029,346 $3,071,166
Net earnings
$246,896
$8,280 df.$307,935
$167,821
E. H. Harriman, President; Alex. Millar, Sec, 120 Broadway, N.Y.
—(V. 77, p. p. 248; V. 78, p. 2010, 2388; V. 79, p. 498.)
Pacific Packing
Navigation Co.—See page 1909.
Paterson Passaic Gas Sc Electric Co.—See Street Rt.Sec'n
Pennsylvania Coal
Coke Co.— See page 1909.
&
&
&
Pennsylvania Mfg. Light & Power.— See Philadelphia Eleo
Pennsylvania Steel Co.— Chartered in New Jersey on Apr. 29,
1901, and acquired per plan in V. 72, p. 46, 91, almost entire $6,500,000 stock of Penn. company of same name and entire stook of Maryland Steel Co. Thus controls plants at Steelton, Pa., and Sparrows
Point. Md., including blast furnaces, annual capacity 750,000 tons pig
iron: two Bessemer plants, capacity 800,000 tons, and one open-hearth
plant, oapacity 250,000 tons of ingots; two rail mills, oapacity 640,000
tons, a shipbuilding and a bridge-building plant (new plant V. 77, p.
773), a complete frog and switch building plant, etc., etc Owns entire
$150,000 stock of Bait. & Sparrows Point RR.
Owns the entire $2,400,000 stook of the Spanish- Amerioan Iron Co.,
shipping from 400,000 to 500,000 tons of ore annually, and owning
about 5,000 aores of land near Santiago, Cuba (V. 62, p. 776; V. 71. d.
393; V 76. p. 917; V. 77, p. 1229; V. 78. p. 1495).
In 1901-02, purchased a *o 96 interest in the Cornwall Ore Banks Co.,
Lebanon Co., Pa., the Lebanon Furnaces, Lebanon, Pa., and $540,000 of
the $800,000 stock of the Cornwall & Lebanon RR., and issued $7,500,000 30-year 5 per cent collateral trust bonds of The Penn. steel Co.
(of Penn.). V. 75, p. 345, 397; V. 72, p. 1241, 1283; V. 73, p. 1364;
V. 74, p. 1312. Official statement of properties, etc, V. 73, p. 1355.
In June, 1901, control was acquired by the Pennsylvania RR. and
affiliated roads by purchase of $10,000,000 each of common and preferred stock. V. 72, p. 678; V. 79, p. 1269.
Stock.— Common stock authorized, $25,000,000; outstanding, $10-.
750.000 (par $100). Preferred, see table above. V. 72, p. 1241.
Dividends.— On pref. stock since re-capitalization, Nov. 1, 1901, to
Nov., 1904, incl ., 7 p. 0. yearly (paid M. & N.)
1899
tounaa— rniiol-
pal.When Due.
StOCkS
N. Y. Mercantile Trust.
Decl,
Aug.
Phila. .Broad St. Station
Cheoks mailed.
Philadelphia Otfloe.
do
do
Girard Trust Co., Phila.
—
LnSw
Dividend.
by
Whom.
'99, 1»«
1,
1922
July 1, 1910
Nov. 1, '04,3 »«
Nov. 1, 1917
Feb.
1,
1922
Sept. 1. 1925
Philadelphia.
Oct. 1, 1932
Girard Trust Co., Phila July 1, '05-'12
N. Y., Central Tr. Co. Aug.25,*04.1ia
N. Y., Cent. Tr. & Chic. Nov. 1, 1904
N. Y., Cent. Tr. & Chic Deo. 1, 1904
N. Y., Central Trust Co. Apr. 1, 1943
N. Y., Cent'l Tr. & Chic. July 1, 1905
do
do
July
1,
1937
N. Y., Central Tr. & Ch. Dec. 1, 1936
Chicago, Ohio. Nat. Bk. Nov. 1, 1915
111. Tr. & Sav. Bk., Chic July 1, 1915
N. Y., Cent. Tr. & Ohio. Sept. 1, 1947
Nov. 1, 1947
do
do
Chicago Eq. Trust Co. July 1, 1917
J'ne 15,'04,2ia
Checks mailed.
Land Title & Tr., Phila. Oct., 1949
CityTr.,S.D.&S.Co.,Ph. Aft. Apr., 1946
LandTit.&Tr.Co..Phila Apr. 1, 1948
Bonds.— Consolidated joint mortgage covers theplants at Steelton. Pa.,
all of the $1,000,000 stook of the Mary-
and Sparrows Point, Md., and
land dteel Co.; $3,000,000 are reserved to retire the prior liens. Car
trust notes Deo. 31. 1903, $175,000. V. 72. p. 579.
Of the coll. trust 5 p 0. bonds trust 5s of 1902, not less than $100,000
nor more than $500,000 may be jailed, at 105, at any interest period;
in addition a sinking fund of 50 cents per ton of ore mined Is to be
similarly applied; if the sink, fund is not sufficient to redeem
$150,000 the company must meet deficiency. V. 74, p. 1312.
Report for calendar year 1903, in V. 78, p 1495, showed: Earnings
of operating companies over charges and depreciation, $2,189,097,
against $2,473,532 in 1902; dividends (paid to Penn. Co), $1,419,360;
bal., $769,737; total receipts of Penn. Co., $1,530,461; bal. surplus,
over expenses ($30,458) and 7 per cent div. on pref. (including 313%
paid May, 1904), $345,003; combined surplus of operating and holding
companies, $1,114,740. Business July, 1904, V. 78, p. 992; V. 79, p.
503. Directors, Oct. 1901, V. 73, p. 1355.-(V. 79, p. 503, 1268.)
People's Gas Light <3t Coke (Chicago).—An absolute consolidation on Aug. 2, 1897, of the companies forming the old Chicago Gas
Trust.—V. 64, p. 1088; V. 65, p. 235. Mutual Fuel was purchased In
November, 1897, and early in 1898 consolidated, as was also the Hyde
Park Co., with the People's Gas-Light & Coke Co. The Uuiversal Gas
Co. (stock, $1,500,000) is controlled in the company's interest.—V.
67, p. 179; V. 68, p. 474. On Nov. 1, 1900, made a contract to purchase tbe property of the Ogden Gas Co. for $7,000,000, at the expiration of the latter's franohise on Mar 4, 1945. -V. 72, p. 91, 244.
630, 779; V. 74, p. 99, 155; V. 78, p. 1501. As to Indiana Oil & Gas
Co., see V. 67, p. 690; V. 68, p. 825, 1182; V. 71, p, 33, 1123. As to
Northwestern Gas Light & Coke Co., see that company above.
Property.— In service January, 1904: Street mains, 1,872 miles ;
meters, 347,750; publio lamps, 24,948; V. 78, p. 1501. See V. 66, p. 382.
In June, 1901, a settlement was reached with the city on the basis
of the latter receiving on aooount of its percentage of the gross receipts (viz., 3*2 p. c from illuminating and 5 p. 0. from fuel gas) free
gas for 25,000 street lamps (this service to be valued at $350,000) and
for these lamps Welsbach burners (valued at $25,000), these to be
maintained by the city; any surplus in the percentage above $375,000 to be paid in cash. The contract forbids the city to attack the company's franchise, but reserves to it the right to continue the Ogden
gas and 75-cent-gas suits. See V. 72, p. 1283, 1087; V. 74, p. 155; V.
75, p. 246, 669. In Jan., 1904, the lower court decided that the 75-oentgas ordinance was illegal. V. 78. p. 346, 765, 1396. In Oct., 1903,
the constitutionality of the Consolidation Act of 1897 was upheld. V.
73, p. 349; V. 77, p. 1536, 2343; V. 78, p. 765.
'93.
'94. '95. '96. '97 to Aug, '04
Divs.— >'89. '90. '91 '92.
3
3 5H iWL^vso.) 6
2*a 1*2 6y'rly(lJflQ-F)
$ 4
Bonds, Etc.—Of the $40,000,000 issue of 1897 $29,046,000 bonds
were reserved to retire prior bonds, of which $7,300,000 has been issued, including #4, 800,000 sold to retire the several issues maturing
in 1904. The balance ($10 954,000) may be Issued tor additional property, improvements or betterments. V. 65, p. 572; V. 79, p. 155.
Report—Report for year ending Deo. 31, 1903, in V. 78, p. 699.
1903
1902.
YEARS ENDING DEC. 31
1901.
Gross income
$11,854,800
$11,058,413
$9,663,476
Net over oper. exp
$5,145,202
$5,414,438
$4,871,305
Interest on bonds
1,857,300
1,857,300
1,857,300
Percent.
656,431
Depreciation
Balance for stock....
630,586
611,836
$2,900,707
$2,657,316
$2,402,160
$1,978,146
$1,978,146
$1,784,633
Officers.—Chairman of Board, C. K. G. Billings; President, Geo. O.
Knapp; V.-P., A. N. Brady, 2d V.-P., Walton Ferguson; 3d V.-P., O.K.,
Wooster; Treas., W. S. MoCrea; Sec, L. A. Wiley. Office, 54 Wall St.
N. Y.— (V. 78, p. 346, 699, 165, 1396; V. 79, p. 155.)
Philadelphia Company.—See Pittsburg, in Street Ry.Section
Philadelphia Electric Co.— See page 1909.
Pittsburg Coal Co.— See page 1909.
Planters' Compress Co.— See page 1909.
Pocahontas Coal Coke.—See Norfolk & Western Ry.
Pope Manufacturing Co.— Organization.- Incorporated in
New Jersey in Feb., 1903, as successor per plan in V. 75, p. 1401, and
V. 76, p. 267, of the Amerioan Bioyole Co., which aoquired concerns
mentioned in V. 69. p. 177, 493. See application to list, V. 72, p.
536, and V. 73, p. 782, 1358, plan V.75, p. 1401; plants, V. 78, p. 1966.
Stock.— Common stock, $10,000,000); 1st pref, 6 p. c cum. (subjeot
to call at 110), $2,500,000; 2d 5 p. c pref. cum. after Feb. 1, 1905,
$10,000,000; par of shares, $100 eaoh, all outstanding. Stock is held
in a voting trust until Feb. 1, 1908
Officers. -President. Albert A. Pope; 1st Vice President, Albert L.
Pope; Treasurer, George Pope; Secretary, Paul Walton. Directors,
May, 1904, V. 78, p. 1966. Office, 21 Park Row, N. Y. (V. 78, p. 1966.)
Postal Telegraph Cable.— See Commercial Cable Co.
Pressed Steel Car Co.—Organization.—Incorporated in N. J.
on Jan. 13, 1899; a consolidation of plants at Joliet, 111., and Pittsburg, Pa. Prospectus in V. 68, p. 188, 131. Capacity of the works
about 120 cars a day of largest size. Competition, V. 73, p. 1316;
V. 74, p. 580. Leases plant at Hegewisch, 111.; oapacity 50 wooden
cars daily. V. 74, p. 991, 835,729. Business Jane, 1904, V. 78, p. 2388
Bonds.—The first mortgage gold bonds are subject to call in whole or
part at par and interest on any interest day. V. 72, p. 343; V. 74, p.
203. V. 75, p. 1305. There are also $75,000 Allegheny purchase
money bonds of 1902, part due yearly to I911.inclus ve; int. at 4 p. c,
payable J. & D. at Farmers' Bai k Building, Pittsburgh.
Dividends.— On pref.: to Aug., 1904, 13i p. c c^iarterly. On common, 1900, « p. c; 1901, 4 p. o ; 1902 (Q.-F.), 4 p. c; in 1903, 5 p. o. r
Dividends, 6 p. o
&
INDUSTRIAL STOCKS AND BONDS.
1900
MISCELLANEOUS.
For explanation
of
column headings,
page of tables.
<fec,
see notes on
Pittsb. Coal— I' on.)— Pref. stock. 7%. cum., $32,000,000
Coll. trust mort., g., payable $1,100,000 y'rly for 2 yrs.
Notes for Mon. Riv. com. stock. $1,500,000 y'rly
PI.
P.C.of Pa.lst& coll.tr. M.,g.,gu., red. 110,
U
UPi.c'ii
Pressed Steel Oar Co.-Stock, common, $12,500,000
Pref. stock (as to assets), 7 p. c, non-cum., $12,500,000
McKee's Bocks purchase money mortgage
1st M., gold notes, red., due $500,000 y'rly, Feb.Mo.o*
Procter dt Gamble— Common stock, $6,000,000
Pref. stock (8 p.c, oum.). See terms in ed. May,'93,Sop.
Pullman Company— Stock, $74,000,000
Railway Steel Spring Oo.-Common, $13,500,000
Preferred, 7 per cent, cum., $13,500,000
Republic Iron £ Steel— Common stock, $30,000,000
Preferred. 7 per cent, cumulative, $25,000,000
s.f
Collateral notes, $7,000,000, gold
Moyal Bak'g Powder— Pref. stock, $10,000,000, 6* cum.
Mubber Ooods Manufacturing—Com. stock, $25,000,000.
,
—
o.
Amount
$100 $30,716,200
1902 25,0u0
4.300,000
1903
4,500,000
1904 l.OOO&o 25,000,000
100 12,500,000
100 12,500,000
235,000
1.000
1901
3,500,000
100
6,000,000
100
2,250,000
100 74,000,000
100 13,500,000
100 13,500,000
100 27,191,000
100 20,416,900
1904 1,000&C ab,6,000,000
100 10,000,000
100 16.941,700
100
8,051,400
100
4,921,000
100 30.000.000
100
7,500,000
100
6,700,000
1887
2,000,000
2,000,000
1899
M
c.
Size, or
Par
of
Rate
Bonds Value. Outstanding Cent.
cum., $25,000,000 (bonds, see text).
Safely Oar Heating <t Lighting - Stock ($%000,000)
Singer (Sewing Machine) Manufac'g— 8tock, $30,000,000
Slots- Sheffield Steel <6 Iron— Common stock. $10,000,000.
Preferred stock, 7 per cent, non-cum., $10,000,000
Sloss Iron & Steel Co. 1st mortgage, gold IV
General mortgage, gold, subject to call at par.N
Standard Milling— Stock (preferred, 5% non-cum.)
First mort gage, gold, $6,2 50,000
...O* 1900
p
Including 1 p.
Aug., p. c.
Bonus—Prinol
INTEREST OR DIVIDENDS.
pal, When Due.
Payable, and by Stocks— Last
per When Where
•
Date
first
Pref. stock. 7 p.
[Vol. lxxix.
1,000
extra (paid Q.-F.); In 1904, Feb., 1 p. c; May, 1 p. o
Whom.
Payable
See text
5 g.
g
See *
text.
7
-
Checks mailed.
Oot.25,'04,1%
Union Tr. Co., Pittsb'g. Feb., 1905'08
Nov. 3. '0406
Union Tr. Co., Pittsb'g. Jan. 1, 1954
Q.-J.
Q.-F.
None
«.
J.
&
J.
Farmers' Bk. Build-
/
A.ug.30,'04,1%
ing, Pittsburg, Pa.
Q.-F.
Q.-F.
4
Dividend.
$
Aug.23,'04,1%
1909
do
do
&
A. N. Y., Morton Trust Co. 1905 to 1911
See text. Q-F./j Cincinnati, O., Co. Office. Nov.15, '04. 3
8 in 1904 Q.-J.O
do
OcM5,'04, 2%
do
8 in 1904 Q.-M. N. Y., Farm. L. & Tr. Co Nov.15,'04,2%
5
g.
F.
Apr. 4, '04,
See text. See text
7 in 1903 Q.-M. N. Y., Metrop. Trust Co. Sep.20,'04,
7 in 1903
5
6
g.
Q-J.
General Offi ce, Chicago. Oct.
Q.-J.
FirstTr
Q.-M.
Q.— J.15
See text.
7 in 1903 Q.-M. 15
12 in *04
See text.
7 in 1904
6
g.
4*2g.
6,900.000 2 in 1904
3,537,000
5 g.
By
Q-M.
N. Y.
1%
1%
'07
,Chio Oct.
S*p.30,'04, li«
Checks mailed.
Checks mailed.
do
do
Q.-J.
Q.-J.
&3av.Bk
1, '03,
1. '06
2%
Julyl5,'01,l%
Sep.15,'04, lh
Oct. 1, '04, 2%
8ept.30,'04, 19
check.
Guaranty Tr. Co Oot.
& A N. Y., Central Trust Co
do
do
A. & O
A & O Off. 37 Wall St.. N. Y
M. & N.|N. Y, Metropol. Tr. Co
F.
1, '04,
1%
Feb. 1, 1^20
Apr. 1, 1918
Oct.31.'04,l%
Nov.
1,
1930
Morgan & Wright, Chicago, 111.; the entire capital stocks of the PeerRubber Mfg. Co. of N. Y. and of the India Rubber Co.of Akron, O.,
and the entire stocks of Sawyer Belting Co., Hartford Rubber Works
Co., Indianapolis Rubber Co. and Peoria Rubber & Mfg. Co. V. 68, p.
less
I
Report.— Report for year ending Dec. 31, 1903. with bal. sheet, was
p. 765, showing net earnings, $2,768,898; depreciation,
$.i60,000; div. on pref. (7 p. o), $875,000; div. on common (5 p. c).
$625,000; balance, sur., $1,008,898. In 1902. net earns.. $4,578,114.
President, F. N. Hoffstot. N. Y. Office, 24 Broad St. New directors,
Jan., 1903, V. 74, p. 215; V. 76, p 269.— (V. 78, p 1114, 1553, 23*8.)
Procter &. (.amble Co.—Formed in 1890 under laws of New
Jersey to carry on soap, candle, oils and glycerine business. In
1 900-1 stock was increased and bonds paid off.
V.71, p. 713. 817. 915
Voted May 28, 1902, to Increase the common stock from $4,500,000 to
of the new stock $750 000 was subscribed for in 1902 and
$6,000,000;
the remaining $750,000 in Jan., 1904. V. 74, p. 991, 1200; V. 77, p.
2038. In 1903 was building a new plant in Kansas City to cost about
$ 1,000.000. V. 76. p. 1 196.
Dividends-} 1891. 1892 to 1897 inol. '98to'00. 1901 to Nov., '04.
Oi common., s 8
20 y'rly. *12 yearly (Q. F.)
12 per cent.
*Also extra dividend of 142 7 p. c paid Jan. 2, 1904. V. 77, p. 2038.
Onpf. infull to Oct.,'04,incl. Office, Cincinnati. (V. 77, p. 2038.)
(The) Pullman Co.— On Jan. 1 , 1900, the Wagner Palace Car Co.
sold Its assets to The Pullman Company, representatives of the Vanderbilts entering the board of directors. V. 69, p. 854; V. 70, p. 40.
Real estate not used in manufacturing business must be sold by
1909. V. 78. p. 771.
Cash Dividends.-) 1877-80. '81-83. '84-98. '99. 1900-03. 1904.
Since 1877— P. ot. < 8 yrly. 9 ^ y'ly. 8 yrly. 6^ 8 yrly.
8
In 1898 pala an extra oash dividend of 20 per cent and stock dividend of 50 p. o. to distribute surplus assets. V. 67, p. 75, 789, 840, 902.
Report.— Report for 1903-04 was in V. 79, p. 1702.
Tears ending July 31.
1904.
1902.
1903.
in V. 78,
.
Earns, from cars, mfg. profits, &o. $24,788,729 $23,120,713 $20,597,903
Operating expenses
$12,254, 160 $10,389,460 $9,317,584
Depreciation on cars, etc
2,318,873
2,739,314
1,908,903
Paid other sleeping oar ass'ns
554,095
574,252
435.742
Dividends on capital stock
5,919,976
5,919,968
5,919,924
Wet surplus for year
$3,741,625 $3,497,720 $3,015,750
Total surplus July 31, 1904, $18,017,374.
Pres.. Robert|T.|Llnooln, Chic.|N. Y.. 15 Broad St.— (V. 79, p. 1 702.)
-Qulncy Mining.—V.76, p. 592; V. 78, p. 705, 819.
K»l way Steel spring Co.— Incorporated In New Jersey on Feb.
25, 1902, as a consolidation. V. 74, p. 382, 482. Official statement,
V. 74, p. 984. In June, 1902, purchased the Steel-Tired Wheel Co,
Issuing $3,500,000 each of common and preferred stock therefor.
V. 66, p. 185; V. 72, p. 444; V. 74, p. 1041, 1200; V. 75, p. 80. Total
capacity of all plants acquired, 135,750 tons annually.
Dividends on pref., 13t p. c. quarterly, paid June, 1902, to Sept.,
1904. both lnci. First div. on common, 2 p. o., Da d Apr. 4, 1904.
V. ^8, p. 9:12. No bonds. Aggregate net earnings In 1901 of properties consolidated, $1,762,081; in 1900, $1,556,967. Balance sheet
Dec. 31, 1903, V. 7*. p. 986. President, J. E. French; Sec, M. B. Parker; Treas., James C Beach. Directors. V. 74, p. 1200; V. 75, p. 1208.
—(V. 75, p. 1208; V. 76, p. 651, 1033; V. 78, p. 986, 992.)
Republic Iron
Steel Co.— Organization.— Incorporated in
Sew Jersey on May 3, 1899. to consolidate 29 plants making bar and
forge iron, being practically all the plants in theCentral ana Southern
States west and south of Pittsburg. V. 68, p. 872. Also owns 7 blast
furnaces, mining properties In the" Mesaba range, In the Lake Superior region, extensive iron and coal lands Including those belonging
to Pioneer Mining & Mfg. Co. of Birmingham, Ala., and the ooke plant
of the Connellsville Coke Co. (See V. 71, p. S45) For properties merged
see V. 68, p. 674; V. 68, p. 1227; V. 69, p. 339. 850, 1151 statement,
V. 70, p. 228; V. 71, p. 454; V. 76, p. 330, 386; V. 77, p. 318, 455; V.
79, p. 14S0, 1644,1; 02.
Stock. —Common, $30,000,000; pref. (as to assets and dividends), 7
per cent cum., $25,000,000; of which $2,809,000 common and $4,583,100 preferred, reserved to purchase additional properties. Annual
oapacity of finished material over 1,250,000 tons. V. 71, p. 453.
Pref. Divb.— Oct., '99, to Oct., '03, 7% y'ly; none since to Oct., 1904.
Collateral Notes.—The 5 per cent notes, dated Oct. 1, 1904 (authorized amount $7,000,000), secured by $10,000,000 first mortgage
sinking fund bonds, mature one-ha'f on Oct. 1, 1906, and the remainder on Oct. 1. 1907. O.' the notes, about $6,000,000 were sold to provide for the floating debt iucurred for improvements, the balance to
be issued as required. V. 79, p. 1480, 1644, 1720.
Report.— Results for year end. June 30, 1904, were in V. 79. p. 1702.
Net profits, $1 306,068; Improvements, renewals, etc., $l,5t>0,256; div.
on pref. (1* per oent>, $357,296; bal., def., $611,484.
Officers.— President, Alexis W. Thompson; Seoretary, H. L Rownd;
Treasurer, John F. Taylor. Main office. First Nat. Bank Building,
Chic Directors, Sept.. 1902, V. 75, p. 613, 984 (V. 79, p. 1 702, 1720.)
Rhode Inland-Perkins Horse-Shoe Co.—See page 1909.
Royal Baking Powder Co.—Organization.— Incorporated In
Feb., 1899, under the laws of New Jersey, and merged Cleveland Baking Powder Co., Royal Baking Powder Co., New York Tartar Co.,
Tartar Chemical Co. and Price Baking Powder Co. See V. 71, v-545Common stock, $10,000,000, all out; par, $100; pref., see table above.
Dividends.— On pref., to Sept., 1904, incl., 6 p. c. per an.— l^ quar.
In 1904 8 per cent was paid os the common stook.
Pres., Chas. O. Gates; Vlce-P.^A. H. Porter Jr.; Treas., John Morris;
fiec, W. L. Garey. Office, 100 William St., New York.— (V. 72, p. 679.)
I
&
:
;
Rubber Goods JHanti facta ring Co.—Organization.— Incorporated in New Jersey on Jan. 26, 1899, and acquired 99% per cent of
«he stock of the Mechanical Rubber Co., 75 per oent of the stook of
189. See official statement in V. 68, p. 872. V. 68, p. 774; V. 71, V-54SDividends.— On pref., June, 1899, to June, 1904, 7 p. o. per annum
Q.-M.) On common, 1900, 2 p. o.; 1901, 2 p. c.
Bonds.— The bonded debt of companies controlled consists of:
(1%%
$781,000 Mechanical
*47l.4z0 N Y. Belting
subject to call at 110.
Rubber Co.
1st sinking fund gold 6s, due Jan. 1, 1918;
sink, fund deb. 6s, due Jan. 1, 1918,
& Packing 1st mort.
Report —Report for vear end. Mar. 31'04,V. 78, p. 1445, showed:
Net, $695,080; pref. div'ds (7 p.c.) $563,-98; sur., $131,482.
Officers.— President, Charles H. Dale; Vice-Presidents, Talbot J.
Taylor, Ernest Hopkinson and Chas. A. Hunter; Sec and Treas., Harry
Keene. Gen. office, 15 Exchange Plaoe, Jersev City, N. J. Directors,
April, 1904, V. 78, p. 1449.-(V. 77, p. 2283; V. 78, p. 1 445, 1449.)
Safety Car Heating
&
Lighting.—Organization.— IncorporJersey. Manufactures "Pin tsoh" light apparatus, which May 1, 1904, was In use on 23,500 cars in the United States.
DrviD'DS-) 1893 97. 1898-00.
1901.
1902.
1903.
1904.
Cash (p. c.).. \ 6 yrly.
ll&lOstk.
9
12
8 yrly.
12
Report.— Report for year ending March31, 1904, in V. 79, p. 150.
showed combined netearnlngs of safety and Pintsoh cos. were $1,250,967; divs on Safety Co. stock (13 per cent), $*39,445; dividends on
Pintsoh Co. stock, &c, $199,800; bal., sur., $411,722. Pres Robert
Andrews. Directors include: Robert Andrews, R. M. Dixon, Wm. Barbour, A. C. Soper, Wm. A. Read, J. E. French, O. C. Gayley, P. B.
Wyckoff, E. M. Bulkley and Geo. F. Bakot Jr. Main Office, 160
Broadway, N. Y.— (V. 77, p. 2283; V. 79, p. 150.)
San Francisco Gas
Elsctric Co.— See page 1909.
Singer (Sewing machine) Mfg. Co.— Organization.— Inuor
poratea in 1873 in New Jersey under special act. Plants are located at
Elizabeth, N. J., and Kilbowie, near Glasgow. In Dec, 1902, the Musoonetooug Iron Works at Netcong, N. J., were purchased and a modern furnace and foundry will be erected. V. 75, p. 1308. In Aug.
1904, a contract was let for new plant at St. Joh< s, Quebec, Canada.
V. 79, p. 790. Stook, $30,000,000, having been increased in Dee., 1900,
by 200 per cent stook dividend, capitalizing surplus. V. 71, p. 1224,
1273. Cash dividends, as reported, were: In 1898, 30 p c; in 1899,
100 p. c; in 1900. 20 p. o. Dividends on stock as increased 1901 to
June, 1902, incL, 7 p c. yearly (paid Q.-M.); Sept, 1902, to Dec 1903.
both inol., 3 p. o. quarterly; Mar., 1904, 4 p. c June. 4 p. c Sept., 19
p. o. Office, 149 B'way, N. Y.-(V. 75, p. 1308; V. 79, p. 71.0, 1720.)
Iron Co.—Organization.— IncorporSloss-Sheffleld Steel
ated in New Jersey and in Nov., 1899, aoquired several properties or stock representing the same. See prospectus, V. 69, p. 286;
V. 70, p. 1099; V. 71, p. 185, 54S\ V. 72, p 779; V. 76, p. 659 Stook,$2,500,000 common and $3,300,000 pref. was reserved for a steel plant
and future requirements. See listing, V. 70, p. 1200, showing properties, rights of preferred shares, etc.; also V. 72, p. 774; V. 78, p. 1177.
Dividends on preferred, April, 1900, to Oot., 1904, 7 p. c. yearly
(Q.-J.) Earnings for 9 mos. ending Aug. 31, 1904 (partly estimated),
net, $695,729, agst. $1,567,918; Int. and taxes, $180,000; aiv. on pref.,
$342,000, bal., sur., $173,729 Report for year ending Nov. 30, 1903,
given at length in V. 78, p. 1163, 1177, showed net above depeclation,
etc., $1,795,641: bond interest, $210,000; div. on pref ., 7 p.c, $469.000; sur., $l,116,641.tTotal sur. Aug. 31, 1904. $2,441,210. President,
J. C. Maben; Sec. and Treasurer, E. L. Morris. Birmingham, Ala. New
directors, Mar., 1904, V. 76, p. 658; V. 78, p. 1171. -(V. 78, p. 11 65.)
New
ated in 1887 in
.
&
,
;
;
&
Somersat Coal Co.— Organization.— Incorporated in Pennsylvania about Jan 1, 1902, and acquired various properties on B. &o. RR.
Coal mined in 1903, 1,177,932 tons. Stook,
in Somerset Co., Pa.
$4,000,000, all of one class, of which $2,000,500 is owned by Consolidation Coal Co., which see; par of shares *loO. V. 78, p. 1272. First
dividend, 2 p. c paid Feb. 1, 1904, out of earnings of calendar year
1903. Bonds, $4,000,000 thirty-year sinking fund gold 5s, ($1,000
each), due Feb. 1, 1932, subject to call at 110, of which $3,000,000
were outstanding. V. 78, p. 1272. Report for year ending Deo. 31,
19<»3. in V. 78, p. 1272, showed: Gross earning*, *1,95 1,549; net,
$666,205; other income, *26,061; Int., deprec'n, sink, funds, etc,
$238,286; dividends (2 p. c). $80,000; bal., sur $373,980. President,
C. W. Watson. (V. 78, p. 291, 1272, 2446; V. 79, p. 1026.)
Southern & Atlantic Telegraph.—Leased to Western Union
(which owns $390,475 of stock) and stock guaranteed by rental 5 p. o.
,
.
SonthernNew Eng. Teleph.— (V. 78, p. 291,
South Yuba Water Co.—See page 1910.
Spring Valley Water Co.—See page 1910.
346; V. 79, p. 186.)
Standard Milling Co.— See page 1910.
Standard OH.— Organization.—This New Jersey
corporation succeeded in June, 1899, to the Standard Oil properties, held by liquidattrustees.
See Supplement for April, 1899, and v. 68,
ing
Controls petroleum oil refineries In all the prinp. 1227 V. 69, p. 28.
cipal Northern cities of the United States, and produces about 65 per
oent of the country's total output of refined oil also controls oil wells
In Penn., Ohio and W. Va., and has pipe lines to tidewater. V.66, p.
1239; V. 69, p. 745; V.71, p. 1273; V. 76, p. 387, 870; V. 77, p. 1536.
STOCK.—Common, $100,000,000; $10,000,000 preferred canceled.
Drvs.— ) 1891-95. 1896. 1897. '98. '99. 1900. *01. '02. *03. 1904.
31
33 30 33 48
Per cent. J 12 a yr.
48
45 44 Below.
In 1903, Mar 20 p. c; 1903. June, 7 p. c; Sept., 5 p. o.; Dec, 12 p.c;
1904, March, 16 p c; June. 8 p. c; Sept., 5 p. o.
Officers.—President, J. D. Rockefeller Treasurer, W. H. Tilford
Secretary, C. M. Pratt. Office, 26 Broadway, N. Y.
;
;
;
&
INDUSTRIAL STOCKS AND BONDS.
OCT., 1904.
MISCELLANEOUS.
Date
For explanation of oolumn headings, Ac, see notes on
Bonds
first page of tables.
of
Size, or
Par
Value. Outstanding
Cent.
Payable
Semi-an
44 In
5
Tennessee Coal Iron & Railroad Company.— Organization.
coal mines, iron mines, foundries, &c, in Tennessee and Alabama.— V. 55, p. 60. 463. V. 63, p. 31; V. 69, p. 82; V.
68, p. 1227; V. 70, p. 588; V. 75, p. 621.
On Nov. 30, 1899, the Alabama Steel & Shipbuilding Co. plant was
The plant has ten open-hearth furnaces
opened at Ensley City.
of 50 tons each and a capacity of 1,000 tons of steel billets and slabs
daily, and is leased to the Tenn. Coal Iron & RR. Co., which
guarantees its $1,1 00,000 6 per cent bonds, and $440,000 6 percent
preferred stock. V. 70, p. 591. The common stock, all owned by the
Tenn. C. I. & RR. Co., carries control of stock. V. 66, v. 1002, 1235;
V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
Dividends.— On common in 1887, 1 per cent; In 1900, 6 p. o.; none
since to Jan., 1903. Preferred paid in full to Nov., 1904.
Stock.—Authorized com. stock, $23,000,000. V. 70, p. 382, 483, 589.
Bonds.- Of the $15,000,000 general gold 5s of 1901, $3,000,000
were sold to complete the steel mill at Ensley, having an annual oapaoity of 100.000 tons of rails and 200,000 tons of steel and other
forms; $10,653,500 reserved for existing bonds bearing 6 and 7 per
cent interest, and the balanoe for improvements. The making of rails
was begun in January, 1902. V. 72, p. 876, 940, 989; V. 73, p.86, 554,
1117; V. 77, p. 93, 2162
Report.—Report for 1903 in V. 78, p. 2009. In 1903 output was:
Coal, 4,027,454 tons; coke. 1,218,764 tons; iron ore, 1,348,917 tons;
limestone and dolomite, 272,434 tons; pig iron, ferro-mangauese and
splegel, 577,107 tons; total finished product steel works, 119,016
tons; Bessemer rolling mill product, 25,840 tons.
Tear end. Dec. 31—
1903.
1902.
1901
1900.
Tot. net profits.... $2,904,976
$2,602,778
$1,725,638
$2,347,027
Int. on bonds, &c.
739,527
750,283
862,189
705.282
Depreciation, &o..
411,422
419,537
359,234
<•)
Dividends
19,864
23,174
19,864
1,497,876
Bal. for year....sr.$l,734,163 sr.$l,409,785
sr.$484,351 sr.$143,869
directors (May, '04)—Cord Meyer, James T.Woodward.D. H. Bacon,
B. F. Tracy, H. R. Sloat, James H. Smith, William Barbour, A. B.
Boardman, F. S. Witherbee, Joseph B. Dickson and S. L. Schoonmaker,
of New York; Walker Percy and Charles McCrery of Birmingham, Ala.,
Chairman of Board and President, Don H. Bacon; Secret'y and Treas'r;
L. T. Beeoher, 100 B'way, N.
Y.— (V.
79, p. 217, 1268.)
Texas & Pac. Coal Co.—See page 1910.
Texas Pacific Land Trust.—V. 76, p. 652; V. 78, p. 2382.
Tidewater Steel Co.—V. 76, p. 162, 870; V. 78, p. 50.
Trenton Potteries Co.—Stock, $3,000,000, of whloh $1,250,000
8 p.c. non-eum. preferred; Supplement April, 1897. Dividends on
pref. from April, 1900, to Oct., 1904, inclusive, 2 p. c. quarterly
In July, 1902, $550,000 4 p. o. income cert, (interest payable J.
J.
10), were issued to fund the 44 p. c. accumulated dividends on pref latter being made 8 p. c. non-cum., per plan V.74,p. 1256.
The certificates
are subject to call for a non-cumulative sinking fund of $25,000 yearly,
beginning Jan., 1903, payable out of net profits, if any, over Interest on
certificates and dividends on preferred; to Jan., 1904, $52,833 were
purchased and canceled. Int on oerts. paid to Jan., 1904, inclusive.
V. 75, p. 81, 1208, 1258
(V. 76, p. 483.)
Is
&
,
—
Q-J. New York and Chloago
J.
-
-
Q.-J.
7
1911
A 1922
N. Y., 26 Broadway. Sept. 15, '04, 5
A. N.Y., Manhattan Trust. Aug. 1, 1946
& J.
J. & J.
i
J. & J.
Q.-F.
"e'g. J. & J.
6g. A. & O.
6g. F. & A.
5 g. J. & J.
J. & J.
6
J. & J.
i g J. & D.
6 g.
Aug.
1,
1946
lh
Oct. 3, '04,
N.Y..N.Bk.ofRep.&Oh July 1, 1914
N. Y. Guaranty Tr. Co July 1/04, 3%
N. Y., Guar. Trust Co.
Jan. 1, 1925
N. Y., Hanover Bank.
See text.
do
do
Jan. 1, 1917
do
do
Jan. 1, 1917
do
do
Feb. 1, 1910
do
do
July 1, 1951
N, Y., Hanover Bank. July 1, '04, 3%
ao
do
July 1, 1930
do
do
Deo. 1, 1922
Check from Co's
1904 A.
1S04 A.
&
&
&
office. Oot.15,'04, 1%
Co. office, Brooklyn.
Oct. 1, '04, i«%
N. X. Y.,Corn Exch. Bank Nov. 1, 1920
D. N.Y.,N.Y.Seo. &Tr. Co Dec. 1, 1952
O. Check from Co.'s office. Oct. 1, '04,3%
do
O.
do
Oct. 1,'04,3>*
O.
do
do
Oct. 1, '04, 4%
5 g. J.
6 In 1903 M.
&
&
N.
2 In 1904
5
g.
5g.
Q-J.
M.&
J. &
6 in 1904 A.
7 in
8 In
,
—Owns blast furnaces,
&
F.
-
7 in 1904
g
Dividend.
Q.-M.
'03
6g
—
&
pal.When Dae.
.Stark) -Last
New York.
t
Trow
by
Whom.
6
$2,713,000
$100 97,500,000
1896
1,000
2,740,000
1896
1,000
6,805,330
100 35,000,000
AC. 1900 500 &c. 5,000,000
100
2,500,000
1899
1,000
2,826,000
100 22,801,100
Tenn. Goal I. A RR. Co.— Stock ($248,300 Is 8%oum.pref.)
1,000
4,052,000
Birm'gh'm, Ala., Div.,con. M..g., s. f. 1%, not d'rn.Oe.o* 1887
1,000
1,185,000
Tennessee Div. bds, g.,s.f. Hfl%yearly, notdr'n Ce..c* 1887
1890 500 &o,
2.729,500
De Bard. M., g., ass., s. f., $30,000 y'ly, not dr'n.F..c*
gen.M.,g., $15,000,000. Un...c* 1901
1,000
3,000,000
Tenn. Coal Iron <fe RR.
440,000
Ala. Steel & Shipbuilding, pref. 6 p. c. cum., guar
i',606
M., g.,gu., s.f., reg., red. 110 begin. Jan., '07..WIa 1898
1,100,000
1st
1,000
892,000
Cahaba 1st M., $1,100,000 g., gu., s. f., red. at llO.Ce.C 1892
100 16,000,000
Union Bag <k Paper— Stock, common, $16,000,000
100 11,000,000
Pref. stock (as to as. and div.),7 p. c, cum., $11,000,000.
100
3,000,000
Union Ferry—Stock
1890 100 &c.
2,200,000
1st M., gold, red. at 110 after Nov. 1.1895
Union Steel— 1st &coll.M. $45,000,000, g., gu., s. fS.O'&r 1902 l.OOO&o 36,770.000
100 10,000,000
Union Typewriter— Common stock
100
4,000,000
1st 7 per cent preferred stock, cumulative
100
4,015,000
2d pref. stock, 8 per cent, cumulative, $ 5,000,000 autu.
100 14,771,459
United Box Board & Papei Pref stock, 7 per cent cum.
1903
1,000
1,650.000
1st mort., $3,500,000, g., part due yearly, red.Mo.c*.
100
5.000,000
United Owfipet Stock, is 6% cum. pref.
Directors.—J. D. Rockefeller, William Rockefeller, H. M. Flagler,
J. D. Archbold, H. H. Rogers. W. H. Tilford, C. M. Pratt, O. H. Payne,
E. T. Bedford, C. W. Harkness, J. A. Moffett, F. Q. Barstow and Walter
Jennings -(V. 78, p. 1786; V. 79, p. IE 6.)
Standard Rope A Twine Co.—See page 1910.
Swift
Co.—Organization.— Incorporated in Illinois April 1,
1885. Has packing plants at Union Stock Yards, Chicago; at South
Omaha, Kansas City, East St. Louis, South St. Joseph, South St. Paul
and Fort Worth. The National Packing Co., with $15,000,000 author
lzed stock, was incorporated in N. J. in Apr., 1903, to take over allied
companies. V. 76, p. 709, 755, 1358; V. 78, p. 291, 2333.
Stock and Bonds.— Early in 1904 the stock was increased from
$25,000,000 to $35,000,000 by sale to shareholders at par, to purchase
wholesale distributing markets, refrigerator oars, etc. V. 77, p. 2287;
V. 78, p. 233. Divs. since 1888: '89 to '94, inol., 8 p. c; '95 to July,
•98, incl., 6 p. o.; Oct., '98, to Oct., 1904, 7 p. o. Bonds, see table above.
Report.—Report for vear ending Deo. 31, 1903, with bal. sheet, was
in V. 78, p. 226. In 1903 sales were over $200,000,000, against $200.000,000 in 1902] and $170,000,000 in 1900. Net earnings in 1903
above depreciation, repairs, etc., about $3,000,000. Chairman, E. C.
Swift; Pres., Louis F. Swift; Vice Pres., Edward F. Swift; Treas., L. A.
Carton; 8ec, D. £. Hartwell; Asst. Treas.. I. A. Vant. Directors, Jan.,
1904, V. 78. p. 233.— ( V 79, p. 504, 631, 685, 905, 969.)
Syracuse Lighting Co.—V. 77, p. 248, 302, 399; 1299.
Tamarack Mining Co.—V. 76, p. 971; V. 78, p. 50, 233, 1391.
Temple Iron Co.—Organization.—Incorporated 1873 in Pennsylvania, and in March, 1899, purchased anthaoite coal properties of
Simpson & Watkins around Scranton, Pa.— V. 69, p. 231. Controlled
In the interest of Del. Lack. & West., Cent RR. of N. J., Reading Co ,
Lehigh Valley. Erie and N. Y. Susq. & West, which guarantee both
stock and bonds. See V. 71, p. 1124, 1170; V. 78. p. 2015.
Stock and Bonds.— Stock is subject to call at par and interest on
<or after) Jan. 1, 1904, on 6 months notice, but absolutely payable by
the RR. co's Dec. 31, 1906. Held in voting trust by Guaranty Trust
Bonds are secured by stocks of properties owned and are subject
•Co.
to call by sinking fund of 15 cents per ton on coal mined at 110 and
interest; they are guaranteed, but severally In different proportions,
by the railways above named. Bonds for $11,000,000 are reserved
for additions. V. 71, p 1124, 1170; V. 75, p. 926.
Officers.— President, Geo. F. Baer, Philadelphia, Pa.; Vloe-Pres't
and Treasurer, A. F. Law, Scranton, Pa.; Secretary, Geo. L. Houser.
Dlreotors, v. 74, p. 732.— (V. 75, p. 926, 1403; V. 78, p. 2015.)
Bonds— Prlnoi-
INTEREST OR DIVIDENDS.
Rate per When Where payable and
Amount
Standard Milling Oo.fcon. )—Underlying M*s. undisturbed
Standard CHI— Stock, $100,000,000
Stand. Rope di Twiner- lstM.,g.,s. f., to call at 105.1tla.c*
Oonsol. M.,non-oum.,inoomes, g., to call at par...Ce.o*
Swift <t Co.— Stock, $35,000,000
..
1st M., $5,000,000, gold, call after July, 1910..
Temple Iron— Stock, $5,000,000, guar. See text
Mort. Acoll.tr. bonds, $15,000,oOO,g.,gu.,s.f.,text.G.c*
—
1901
Direct. Print.
J.
N. Y., Morton Trust Co.
N. Y., 31 Nassau St.
Jan., 1905-13
May
& B'kbind.—V. 69, p. 1060;
Union Rag & Paper Co.—See page 1910.
Union Depot Co; of Columbus, O—The P.
a half interest in this property.— (V. 63,
3%
2, '04,
V. 71. p. 862.
&
C. C.
St. L.
p. 117; V. 64, p. 804.)
owns
Union Electric Llgbt & Power Co., St. Louis.— See p.1910.
Union Ferry.— Operates five ferry lines between New York and
Brooklyn. Capital stock is $3,000,000 par $100. The mortgage covers
19 ferryboats, real estate, etc. Dividends: In 1894, 4 p.c; 1895 4- in
1896, 4; In 1897. 4; in 1898. 3*2; in 1899. 3; 1900, to Oct.. 1904. 2p
(Jfljp. c. Q.- J.) Pres., J D. Falrchild.— (V. 73, p. 1064; V. 77, p 455.)
Union Steel Co.—The United States Steel Corporation, which took
possession as of Jan. 1, 1903, owns the entire $20,000,000 stock, and in
consideration therefor, and the furnishing of $10,000,000 cash for improvements, extensions, etc., guarantees $45,000,000 of new 5 p. 0.
bonds, of which about $5,000,000 will remain available for future requirements. See V. 75, p. 1359; V 75, p. 1150; V. 74, p. 100.
Properties Owned.—The plants, located at Donora, Pa., near Pittsburg, on the Monongahela River and Sharon, Pa., completed Julv
1903 (see V. 76, p. 546), Include:
Plants at Donora and Sharon, Pa., with daily capacity as follows: 5 blast
furnaces, 2,500 tons; 24 open-hearth fnrnaces, 2,400 tons; 6 blooming slabbing
and sheet bar mills, 3,800 tons; 4 rod mills, 800 tons; 2 wire and natl mills 7 000
kegs 1 skelp works, -00 tons; 1 tube works, 300 tons; 1 plate mill, 400 ton's- 1
tin-plate plant, 3,8 )0 boxes; 1 sheet plant. 100 teas; 1 by-product coke v
plant
(212 ovens), 1,000 tons.
Coking coal property in lower Connellsville district, 4,740 acres of coil and
;
'
"
fc
810 acres of surface.
Steam coal property on the Monongahela River, 1,624 acres of coal amd 170
acres of surface. Two modern steel-ore steamers.
The Sharon and Penobscot mines
(in fee) and Donora and Sweeny mines
on the Mesaba range, estimated to contain 40.000,000 tons of iron «re.
Bonds.—The first and collateral 5s of 1902 ($45,000,000 authorized
issue) are guaranteed, principal and interest, by the United States
Steel Corporation, and are seoured by all the property of the oompany
Including the Sharon Steel stock acquired. They are subject to oali
after Deo. 1, 1907, at 110 and interest. Of the bonds $37,626,000 have
been issued, of which $356,00;> were held in the sinking fund
on September 30, 1904, $3,500,000 are to be used to retire underlying bonds and $3,874,000 are reserved for future purposes An
annual sinking fund payment of 2 per cent of the amount of bonds
outstanding may be used to purchase bonds at not exceeding no and
interest, or after Dec. 1, 1907, to call bonds at the same price. All
bonds purchased or redeemed are to bear Interest for sinking fund
?urposes, thus retiring the entire issue in about 27 years V 75 n
*'
'
150; V. 76, p. 107, 546. Guaranty V. 76, p. 709.
—
Underlying bonds
Date. Interest. Outstanding.
Maturity
(leases)
A&O
Sharon Steel 1st M. g. sink. ) 1900 5g.
$841,000 Oct. 1 1940
fund
5Subj. to call at par after Oct. 1, 1010*
Sharon Steel M. (1st on) 1901 5g.J&D
1,000,000 June 1,1941
tube mill, 2nd on other >Subj. to call at 105 to June 1, 1911, thereproperty)
)
afteratpar.
Sharon Sheet Steel first > 1901 5g. M&N
500,000 Nov 1,1921
mortgage.
Subject to call afcer Oct. 1, 1906.
$
J
250 000 Deo. 2, 1931
Sharon Coke 1st M
\ l?£LJt
,P ,
) Subject to call after 5 years.
-(V. 75, p. 1359; V. 76, p. 107. 334, 545, 709; V. 78, p. 1171, 1227.)
\
Union Switch & Signal.—V. 77, p 827; V.
Union Type Writer.— Organized in 1893
-
78, p. 819. 1171.
in New Jersey.
A
combination including Wyckotf, Seamans & Benedict (Remington)
Yost Writing Machine, American Writing Machine (Caligraph). 8mith
Premier Typewriter and Densmore Typewriter companies. In Oct.
1904, stockholders subscribed to $1,000,000 second preferred stock
at 102, raising the amount outstanding to $5,015,000.— V. 79, p. 1481
'93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. 1904
Dividends.
77 7777 7777
06 68 88 16 88
1st pref erred, p.c 3 Jfl
2d preferred, p. c.O
Com. stock, p.
8
6
6
16
6
7
'
Pres., Clarence W. Seamans; Sec, Geo. K. Gilluiy. Office. Jersey
7
City, N. J.-(V. 76, p. 269. 658; V. 78, p. 1171; V. 79, p. 1481.)
United Box Board & Paper Co.—See page 1910.
United Copper Co. of Montana.— Organization.— Incorporated in New Jersey on Apr. 28, 1902, and owns about 95 per oentlof stock
and all the bonds of the Montana copper properties developed by F
Augustus Heinze
and associates, producing about 42,000.000 pounds'
annually, viz.: Montana Ore Purchasing Co., Nipper Consolidated Copper Co., Minnie Healey Copper Mining Co., Corra Rock Island Copper
Mining Co. and Belmont Copper Mining Co. V. 74, p. 942. In calendar year 1903.output was 28,863,388 lbs., against 30.374,696 lbs. in
1902; first half of 1904 was 18,690, 187 lbs. (V. 77, p. 455; V 76 p 870
Stock authorized, common, $75,000,000; present issue, $45,000,000,'
balance being reserved for new properties; pref. 6 p. 0. oum.; $5,000.000. Par of shares, $100. V. 75, p. 139. Dl v. on pref.. 3 p. 0., paid
6 p " 1904 May » 3 PS ^, 1 p.1902 ,ln i% 03 50. cStatus Dec, 1903, c *~ ° bonds. Decision,
513, V. 78, p.
V. 77,
V. 78, p. 50.
Report for year ending June 1. 1904, in V. 78, p. 2338, showed:
Total income, $1,045,574; taxee, $6,250; general expenses, $14,040;
div. on pref. stock (6 p c), $300,000; bal., sur *725,284.
Officers.— President. F. Augustus Heinze; Vice-Presidents, Arthur
P. Heinze and John McGinnis ; Treas., Stanley Gifford; Sec, Stanley
Giflbrd. Dlreotors, V. 74, p. 1146.— (V. 78, p. 50, 233 3.)
'
;
'
-
>
-
,
United Electric Co. of New Jersey.—See Street Rr. Sup.
United El. L. & Power Co., N. Y.—See Consolidated Gas.
United Fruit Co.—Organization.—Incorporated in New Jersey
on March 30, 1899, to oontrol the tropical
fruit businf is.
statement, V. 69, p. 854. Properties owned, see reports V. 71
p. 1011, 1020, V. 73, p. 1060, and V. 77, p. 2096. V. 74, p. 1095; V. 75.
p. 621. Northern Ry. of Costa Rloa, see V. 71, p. 1067; V. 75, p. 851.
Official
INDUSTRIAL STOCKS AND BONDS
1902
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
—
1st Mort.,
1908 at 104,
red. after
g.,
s.
1,000
100
1898
1902
1,000
1,000
1893
1,000
1897-8
f
1,000
—
100
100
100
'98-'02
Mo
Boston Rubber shoe
Co., gold,
bonds
100 &o.
100
1904
1,000
100
100
1902
1898
5,000
1,000
Stock.— In June, 1904. issued $2,058,500 stook at par, making
standing $15,782,000. V.78, p 2446,2602; V. 79, p. 156, 632.
Dividends.— October, 1899, to April, 1901. 10 per cent per annum.
July. 1901, to July, 1904, 6 p. c. yearly (Q.-J.>, and in Oct., 1902;
and Oct.. 1903, 1 p. o. extra; in Julv and Oct., 1904, each, 12 r-o. extra,
making 7 p. 0. for fiscal year 1903-04. V. 79, p. 1026.
Bonds.— Debentures are convertible info stock at the option of the
holder, and are subject to oall in whole or in part at option of company. V. 73, p. 240, 295. 496; V. 75, p. 803; V. 79, p. 156. In July,
1904, $1,354,000 of the $4,000,000 bonds had been converted. As to
$1,000,000 bonds of Elder & Fyffes Shipping Co., see V. 77, p. 41.
Report.— Report for year ending Sept. 30. 1903, with remarks, compared with 13months in preceding year, in V. 77, p. 2096,2112, shows:
Balance,
Dividend
Miscel.
Earnings
Net
Surplus.
Fiscal
Charges.
on Stock.
Earnings.
Sub. Out.
a;
A
$
$
J tar
$
P77.150 971,003
1902-3
1,852,544 net 225,204 229,595
(7)
1901-2
2,215,936 net 230,581 260,699 (8^)1,051,408 1,134,410
13,790
1900-1
(9)1,084,767
1,304,027 def. 52,051 153,419
Andrew W. Preston, Prest.; Vice Prest., Minor C. Keith; Treas'r,
Charles A. Hubbard; Sec'y, Bradley W. Palmer; Asst. Treas. James F.
Tilaen Directors Oct., 1901, V. 73, p 794. Gen'l offices, 131 State
St.. Boston, Mass.— (V. 78, p. 291, 2446, 2602; V. 79, p. 156,632, 1026.)
(The) United Gag Improvement Co.— Organized 1882 in Pennsylvania; reorganized in 1885. Charter is perpetual and business is
the buildiog, leasing and operating of gas works (see list in 1900, V.70,
p. 1000, 944); also interested in certain trolley lines and eleotric-light
Ing properties. See list and capitalization of operating cos. in V. 79.
p 498, and editorial p. 478. In 1904 control of the Westohester
(N. Y.) Lighting Co. was sold. V. 79, p. 504, 1026, 1720.
Stock.—The stockholders voted May 4, 1903, to increase the stock
from $28,250,000 to $36,725,000. V. 76, p. 334, 1038.
Dividends— Since 1889.8 p. 0. per annum, payable quarterly. In
Jan., 1896, paid extra dividend of 15 p. 0. in convertible scrip.
Report for 1903, in V. 78, p. 1779, showed profits of $4,027,529.
Pres., Thomas Dolan; Sec and Treas., Lewis Ltllie, Broad * Arch
8ts., Phila. Directors, V. 76, p. 1038.— (V. 79, p. 498, 1026, 1720.)
United 1 ead Co.—Organization.— Incorporated in New Jersey
in Jan., 1903, by interests identified with the American Smelting*
Refiuing Co., as an amalgamation of various lead producing plants
mentioned in V. 77, p. 827; V. 76, p. 216. See V. 78, p 774. Stock
authorized, common, $15,000,000; pref. 6 p.c. cumulative, $10,000,000;
par of shares, $100. Debentures, see table above. The $271,000
Chad wick Boston Lead 1st gold 5s, int. A & O., due April 1, 1921, are
understood to be the only underlying bonds. V. 72, p. 677. Pres.,
Barton Sewell; Vice-Pres., E. R Hoyt; Sec, J. R. Wettstein; Treas.,
Thomas J. Phillips, Office, 71 Broadway, N. Y.— (V. 78, p.1449.)
United Shoe Machinery Co.— Seepage 1910.
out"
United States Cast Iron Pipe & Foundry Co.— ORGANIZATION.— Lnoorp. in N. J. on Mar. 13, 1899, per plan in V. 68, p. 233
V. 69, p. 757; V. 71, p. 1124. Dividend on preferred, Dec, 1899, to
June 1, 1900, inclusive, l%p. 0. quarterly (7 per cent per annum);
since to June, 1904, inol., 1 p. 0. quarterly; Sept. 1, 1904, 14 p. c;
Deo., 14 p
Com. and pref. stocks authorized, $15,000,000 each;
outstanding, $12,500,000 each.
Bonds.— Underlying bonds, American Pipe & Foundry
Co., $1,194,
V. 70, p. 87; V. 74, p. 1359.
Report.— Report for year ending May 31, 1904, with balance sheet,
V. 78, p. 595, and V. 79. p. 107, showed: Total net incomeover int. and
improvements, $1,107,170, agst. $1,228,724 in 1902-03; add surplus
May 31, 1903, $853,724; reserve for working capital, $728,724; div.
on pref. (4 p. c), $500,000; total surplus May 31, 1904, $732,170.
Officers. -Pres., George B. Hayes; 1st Vioe-Pres., Geo J. Long; 2d
Vice-Pres., A. F. Callahan; Sec and Treas., B. F. Haughton. 80 B'way.
Direct ors-Geo. B. Hayes, Colgate Hoyt. A. C. Overbolt, B. F. overholt, C. E.
Burke. E. C. Fuller, A N. Brady, George J. Long, A. F.Callahan, P. J. Goodhart. D Giles, W. T. C. Carpenter. B F. Haughtou and K. R. Thomas.
—(V. 77, p. 2163; V. 78, p. 2595; V. 79, p. 107, 632.)
Co.—See page 1910.
United States Coal
000 6s
(int. J.
& J.)
& OH
United States Cotton Duck Corporation.—See page 1910.
United States Envelope.— See page 1911.
United States Express.—An "association" organized under the
laws of New York State in 1854; not incorporated. Operated Dec,
1900, on about 30,000 miles of railroad in the United States.
Dividends. > '92. '93. '94. '95. '96 to '00. '01. *02. '03.
1904.
2
4
2
3 yearly. 3^ 4
Since '92, p.c.S
4
4
-V.
73, p. 794; V. 79, p. 1026.
United States Flour Milling.— See Standard Milling Co.
United States Leather.—Incorp. Feb 25, 1893, in N. J.—V.
56,
114; V. 71, p. 557. 817. Output, sole leather!
Stock.— Common stock auth., $64 000,000; issued, S62.882.300; pref.,
see table above. Pref. certificate is in editorial in May 1, 1893, Sdpp.
1895. '96. '97. '98. '99. '00. '01. '02. '03.
Dividends.
1904.
6
Preferred, p.o.
4%
6
6
Overdue on preferred: May 1, 1893, to July, 1904, 40i 12 p. 0.
757; V. 57,
p. 23; V. 61, p.
14
5666
Bonds.— Sinking fund 4 p. 0. of issue yearly, the debentures to De purchased or drawn at 110. Debentures for $9,653,000 have been certioutstanding
fied by the trustee, but on Dec. 31, 1903, only $5,280,<><
and $1,400.00 In the treasury; of the latter about $400,000 retired
sinking fund and canceled Aug. 1, 1902. V. 74, p. 732. Bee adv. in
by
»
Chronicle
of
May
6,
1893, and application V. 57, p. 23.
Cent.
Whom.
Payable
Dividend.
1,000
1,000
,
Deben., gold, $25,000 due yearly, red. at 101, beg. 1907
United States Express Stock
United States Leather— Prel.Btk.,oum.,8 p.o., $64,000,000.
Deb. $10,000,000, g., s. f., 4 p. o., sub. to call at 110. Ce.
United States Mortgage <t Trust— Stock
1st mort. trust
S "E" & "F" g., red. after 10 yrs.c'Ar
"Q" to "N" g., red. after 5 years. c*
bonds.
I
U. 8 Fealty & Imp.— Stock, $30,000,000 authorised. IV..
Deben., $13,506,000, g., conv. within 2 yrs. red.105.No*
United States Reduction <t Refining Oo. - See text.
United States Rubber— Common ($25,000,000 authorized)
Preferred ($25,000,000 authorized), 8 p. c, non oum...
o
Or llateral fund gold notes, see text.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where payable and by Stocks— Last
$100 $15,782,000 7 in 1904 Q.—J. ii Boston, Co.'s office.
2,446,000
5 g. M. & S. Boston, Old Col. Tr. Co.
1,419,000
M. <B S.
do
do
50 36,725,000
Philadelphia, Office.
-J. 15
i*
1,000
(?)
N. Y., Morton Trust Co.
5g. f. & J.
25 10,720,350 8 in 1904 Q.-J. is Check from Co.'s office.
25
9.936,500
do
do
6
Q.-J. 15
100 12,500,000 See text. Q.-M N. Y., Thomas & Post.
100
2,750,000 8ee text. See text
1,000
7,000,000
5 g. M. & S. Cont'l Trust Co., Bait.
United Fruit— Stock, $20,000,000
Debentures, g OB. conv., red. at 110 after Jan '03 . 1901
No.Ry.of Costa Rioa,lstM.,g.red.l05,8.f.&int.gu.OH.o* 1900
"United Qas Improvement Oo Stock, $36,725.000
1903
United tad— Debentures, $12,000,000, gdd.ITIo
United Shoe Machinery— Common stock $12,500,000
Preferred stook, 6 per cent, cumulative, $12,500,000 ..
U. 8. Oast Iron Pipe <6 Foun Oo.— Pref.stk.,7 p.c.non-cum.
U. 8. Cotton Duck.— Pref. stock, 6 per cent, cum
o* 1599
Mt. Vornon-Woodberry 1st M., gold, $8,000,000
1899
do
do
income M., $6,000,000
U. 8. Envelope— Fret, stook, 7 p. c, cum., $4,000,000
.
[Vol. lxxix.
6,000,000
3,750,000
2,000,000
200,000
10,000,000
62,282,300
5,280,000
2,000,000
2,000,000
8,000,000
16,034,000
13,193,100
& J.
& S.
6g. J. & J.
5 g. P. & A.
4 in 1904 M. & N.
6 in 1904 Q.-J.
6g. M. & N.
16 in '04 J. & J.
2i2 in '02 J.
5 in 1904 M.
23,666,000 2 in
23,525,500 See
10,000,000
4.800.000
4
g.
Various
Various
&
Oot.15,'04, 2%
Sept. 1, 1911
Sept. 1, 1915
Oot.15,'04, 2%
July
1943
1,
Oct.15,'04, 2%
Oot.15,'04, lia
Dec. 1, '04, 1 14
Mar.25 '04,3%
Sept. 1, 1949
213 p. 0. pd. Aug. 15,'02 Jan. 1, 1950
Boston, Old Col. Tr. Co. Sept. 1,'04, 219
do
do
Aug. 1, 1918
do
do
Feb., 1905-12
N. Y., Office, 49 B'wav. Nov.15,'04,2%
Offioe, 26 Ferry St, NY. Oct. 1, 04, li«
N. Y.,ParkBk.; Boston. May 1, 1913
N.Y., Office, 55 Cedar St. J'ne 30,'04,8%
do
do
1917-1918
1918-1922
do
do
New York.
July
1924
5g.
J.
1900
Office, 42 B'way, N. Y. Apr.30,'00, 1%
do
Dec.l5,'04,li«
do
Q.-J.
M.&S.15 N. Y., Morton Trust Co. Moh. 15, 1905
F. & A. Eliot N. Bk.,Bos. & Prov. Aug. 1, 1908
text.
5
g.
5
sr.
J.
1,
Annual Report.—Fiscal year ends Dec. 31. Report for 1903 was
in V 78, p. 817, with balance sheet, showing profit and loss surplus
of $17,534,385 on Dec 31, 1903. In 1902 the surplus was $5,460,880,
the Increase being principally due to re-appraisemeiit of sub compani» s' timber and bark lands. The avai able surplus (see above) is
repr-sented largely by the $10,000,000 first mortgage 5 p. 0. 15-year
sinking fund gold bonds and stook of the Central Pennsylvania Lumber Co (authorized amount $20,000,000). V 76. p. 1196; V. 78. p 50
Officers -President, E. C. Hoyt, New York City, N. Y.; Seo'y, Josiah
T. Tubby, Brooklyn, N. Y.; Treasurer, James R. Plum, N. Y. City;
N. Y. Office, 26 Ferrv Street— (V. 77, p. 2039.2163; V. 78, p. 50, 817.)
United States Mortgage & Trust Co.— See page 1911.
United States Realty & Improvement Co.— Organization. —
Incorporated in New Jersey on May 26. 1904, and in Oct., 1904. had
acquired per plan in V 78. p. 2019, $32,132,400 of the $33,198,000
common stoca and $26,386,100 of the $27,011,100 preferred stock of
the U. 8. Realty & Construction Co.; the stockholders of the latter will
vote on Nov. 4, 19<>4, on dissolving the company. See list of assets,
etc., in V. 78, p 2596; also statement to N. Y. Stock Exc, V. 75, p.
1200. SeeV. 77, p. 297, 953. 2103. 2396; V. 78. p. 51. The old stock
(par, $100), received: The preferred, $42*50 in new stock and $50 in
debentures and the common stock $15 in new stock. Status of construction work Sept., 1904, V. 79, p. 1334.
securities.— Of the stock, $13,50^,000 is reserved for conversion of
the bond*. No general mortgage can be made without first secu ing
the principal ami interest of the debentures by mortgage. If less than
all of the outstanding debentures is redeemed at any time, the numbers
drawn shall be determined by lot.
Report.— Report of old co. for 1 1 months ending May 31, 1904, with
balance sheet, was in V. 78, p. 2596, showing: Total pr 'fits, $2.l e>8,581; oper. exp. and taxe«, $438,574; lntei est, depreciation, etc, $382,252; net earnings. $1,337,755: written off seourities to bring them to
present market value, $438,385; bal., sur., $899,370.
Directors. -Jarais Stillman, 11. S. Blxck, C. M. Schwab, P. A. Valentine,
Heurv Budge, John W. nates. Albert, Flaue, Robert E. Dowllng, Frank H.
Kay. Edw n Hawley. Stephen 3. Palmer and Cortlandt Betts. Officers— H.
H. mack, President; R. « Dowllng. Vice Pres.; B.
M. Fellows, Treas R G.
Babbage, Sec'y and Counsel.-( V. 78, p, a4i6, 239o, 2600; V. 79. p. Iu8, 738,
;
7*11,
.
»en. 1834, 148i.
United States Reduction & Refining Co.—See page 1911.
United States Rubber.— Organization and Property.— Or-
ganized under laws of New Jersey in April, 1892, for the manufacture of rubber boots and shoes, etc Application to N. Y. Stook Exoh.
in 1892, V. 55, p. 1039 see V. 56, p. 539 V. 71, p. 545. In 1893 aoquired five additional conoerns.
In Sept., 1898, purchased the
stook of the Boston Shoe Co. see V. 67, p. 905. V. 67, p. 691. 738,
905. Owns two-thirds of rubber boot and shoe output of U. 8.
802.
V. 74, p. 733. Co.'s outside "trust" June, 1904, see V. 68, p. 574, 675,
725; V. 71, p. 37,1317; V. 72, p. 92; V 73, p. 1318; V. 74. p. 100; V.78,
p. 2338. Employees' profit-sharing plan, V. 78, p. 1967-9, 2338.
Stock.— Pref. stook has preference as to assets and earnings;
bonded debt oan be created only with oonsent of three-fourths of each
class of stook. See editorial May, 1893, Supplement.
'94. '95. '96. '97. '98. '99. '00. 1901. 1902-03. 1904.
Divs., p. ct.
2ig
2
2
2 None None
)
Below.
Common
*-8 yearly-' 6
8
8
8 Jan., 1 None
Preferred
\
Div. on pref., 1>« p. c, paid June, 1904, from earnings of fiscal year
1903-4; Ha p. 0. paid Sept., 1904; Dec, 1904, Ha p. 0.
Funding Notes.— The funding notes of 1902 are secured by deposit
of notes of the subsidiary companies aggregating $12,000,000, and
were issued to discharge the entire Moating debt, including that of the
subsidiary companies. Under the trust instrument the net quiok assets of all the companies, excluding real and fixed properties, shall
never be less than $15,000,000; in addition the value of the 16 plants,
all unencumbered, was estimated at $12,500,000. Of the notes, $2,000.000 have been retired, reducing amount to $10,000,000; $2,000,000
additional will be paid of at maturity, Mar. 15, 1905, and the balance
extended to Mar. 1, 1908. V. 74, p. 684, 733; V. 79, p. 1615.
Earnings.— For 6 mos. ending Sept. 30, 1904, net earnings (8ept.
estimated) were $2,055,941; div. on pref. stock (3 p. c), $705,765;
bal sur., $1,350,000. V. 79, p. 1481.
Report.— Business Apr., 1904, V. 78, p. 1171, 1227, 1449. Report
for year ending Mar. 31, 1904, in V.78, p. 196 1, 1967.
Operating Other
All
Bad
Balance,
Alt Companies.
income,
interest, debts, etc. surplus.
profits,
Fiscal year—
;
;
,
ji
ki;
<l£
J;
<n
2,642,877 187,330*1,185,271 69,295 1,575,641
1903 4
1902-3
2,531,681 242,717 1,179,490 25 i.460 1,342,448
* Includes interest on loans, $802,174; int. on B. R. Shoe debentures,
$240,000; int. allowed customers, $143,0:) 7.
From the surplus as above iu 1903 there was reserved for depreciation of sec irities $500,000 and for dividend of m> p 0. paid in June,
1903, $352,883, leaving a balance for the year of $722,758.
Total surplus Mar. 3i, 1904, $2,107,219.
Directors.— Samuel P. Colt, II. K. Couverse, James B. Ford, J. Howard
Ford, J. D. Vermeule. Henry L. Hotcnklss, Lester Leland, Fred'k M. Shepard,
E. S. Converge, Costello C. Couverse, Walter S. Ballou. Francis Lvnde
Stetson, Fran' Is L. Hine. A. N. Brady, E. C. Benertict. President, Samuel
P. Jolt. Vice-Pres.. James B. Ford: ad Vice-Pres., Lester Leland; Sec, Samuel
Norris; Treas., John J. Watson Jr. Executive Committee: Samuel P.Colt,
James B Ford, L-ster Leland. E, C. Benedict. Waller S. Ballou. N. V. Office,
i'i Broadway.-(V.78, p. I»«l, 19H7. 1070,83:18; V, 79, p. 15H, 1481, 1651.)
1
United States Shipbuilding Co.—Organization. -Incorpor-
ated in New Jersey on June 17, 1J02, and acquired entire oapital
stocks of the following shipbuilding oonoerns. free from all liens:
Union Iron Works, San Francisco; llydo Windlass Co. Of Bath, Me.; Bath
Iron Works, Bath. Me.; Crescent Shipyard an 1 the Samuel L. Moore A Son*
Co., Ellzabethport, N. J.; Eastern Shipbuilding Co., Now London, Coun.; Harlan & Holllngsworth Co.. Wilmington, Del.; Canda Mfg. Co., Carteret, N. J.
)
)
.
INDUSTRIAL STOCKS AND BONDS.
Oct., 1904. J
MISCELLANEOUS.
Date
For explanation of oolumn headings, &o. see note on
page of
first
tables.
Size, or
Amount
Par
Bonds Value. Outstanding
of
V. 8. Shipbuilding Co.— Securities to be Outstanding Unde
Stook ($15,000,000 is 6 p. o. non-oum. pref.)
1904
Collateral trust mortgage, $3,000,000. g., s. f
Beth. Steel purch. mon. M. for Beth. Iron, g GP.o\fcr.. 1901
Beth. Iron, 1st mort.. assumed by Beth. Steel Co.FP.o* 1886
•
United Slates Steel Corporation— Com. stk., $550,000,000
Preferred stook, 7 per cent cumulative, $400,000,000
M
debentures, (no longer convertible)
p. c*
Non-convertible debentures, A & B
o*
Union Steel Co.— See second page preceding.
St. Clair Furnace, 1st M., g., p & i. guar. (end.).PPi.c*
St. Clair Steel, 1st M., gold, guar., $2,250,000. UPi .o*
Illinois Steel
C) alrton Steel, M. g. p. & i. gu. due $500,000 y'rly CJ Pi
E. 1st M. ($10,000,000) g.,Ce
o"
Elg. Jol.
c&r
Duluth & Iron Range, 1st mortgage.
2d mortgage, currency, red. at 105, $5,000,000.Ce.c*
Union Hit 1st mortgage
Duquesne equipment trust
Johnson Co.of Pa.lstM.,red.$l 00,000 Sep l.y'ly.TJs. .o
,
&
.
,
,
Mp
,
Amer. Steamship 1st M., g., gu., p. i. end., s. f IS c<fcr
Pittsburg Steamship mortgage, sink, fund., red. par ..
H.C.Frick Co.M.,|s.f., red.105, $100,000 y'ly July l.FPi
Pittsb. Bess. & L. Erie RR., Bess. & L. E and Dul. Missa
<fc
1,000
1.000
1890
1,000
1893 500 &o.
1901
1901
1,000
1,000
1,000
1,000
19(>2
1891
1887 l.OOO&o
1896
1,000
1896
1,000
1894
1900
1900
. .
.
1,000
1,000
l.Oi
l.<00
.
be&N
0.
Ry.—
Co.. see Sup., Oct.. 1902, and V. 78, p. 227.
1903, James Smith Jr. was appointed receiver. In July,
1904, the leading interests had come to terms and in Sept. sales in
foreclosure took place under the first and collateral trust mortgages
preparatory to reorganization per plan below described. V. 79. p.
159, 738, 969, 1334. Stook, common, $25,000,000; pref., $20,000,000.
Reorganization Plan.— The modified plan, in V. 78, p. 587, issued in
Feb., 1904, by the committee (Geo. R. Sheldon, Chairman, City Tr. Co.
of N. Y., depositary), and declared effeotive, provides for the forma
tion of a new company (to be called the Bethlehem Steel & Shipbuild
tng or some other appropriate name), which will be authorized to issue
Bethlehem Steel
On July
1,
$15,000,000 common and $15,000,000 seven
p. c.
non cumulative
pre-
ferred stook (preferred also as to assets) and $3,000,000 collateral
trust sinking fund 6 p o. 10-year gold bonds. The new bonds are to be
secured by pledge of all the capital stock of the Bethlehem Steel Co.
(subject to $8,851,000 mortgages of the Bethlehem Iron and Bethlehem
Steel companies) and of the subsidiary shipbuilding companies, with
provisions for a sinking fun i of $200,000 per annum.
Substantially all the new stock will be used in exchange for the old
securities. A syndicate headed by Harvey Fisk & Co has agreed to
purohase all of the new bonds at 87** p. c, providing $2,625,000 for
working capital and payment of floating debt incurred by present company for materials, supplies, labor and moneys loaned. The holders
of existing bonds will fcave the prior right to subsi ibe pro rata for the
new bonds at the same price on conditons stated in V 78, p. 587.
And will receive.
Will
Terms of Exchange.
pay.
Holders o/$ 10,000 existing—
New bds. Pf. stk. Com. stk.
$4,000
1st mortgage bonds ($15,000,000) .. Nil
$6,000
Alsoif subscribing at 87>*
$875 00 $1,000
20-year(Beth. col.)bds ($10,000,000) Nil
9,000
6,000
Also if subscribing at 87^
1,312 50
1,500
No provision is made for existing capital stock.
In Mar., 1904, over 90 percent of the first mortgage bonds and all
the Bethlehem collateral bonds had been deposited. V. 78, p. 1121.
Fixed charges.— The only fixed charges aside from taxes are
to be: Interest on underlying bonds of Bethlehem Iron and Bethlehem Steel companies, $517,550; interest and sinking fund on new
.
,
bonds, $380,000; total charges of new company, $897,550.
Report.— Receiver's report was in V. 77, p. 1744, showing status of
constituent companies on July 31, 1903, and earnings for year ending
Aug. 1, 1P03. Earnings of Bethlehem Steel Co., V. 78, p. 227.
Office, 43 Cedar St., N. Y.-(V. 79, p. 159, 738, 969, 1334.)
United States Steel Co. of Everett, !Ua«s.— V.79, p. 217, .275.
United States Steel Corporation.—Organization.— Incorporated in Nhw Jersey on Feb. 25, 1901, and acquired per plan in V. 72,
p. 441,
679
(see also V. 73, p. 349), practioally all the stock of—
lotal stock.
Total stock.
Federal Steel, com
do
6 p. c. pref.
National Tube, com
53,260.900
40,000,000
do
7 p. c. pref.. 40,000,(00
National Steel, com
3^,000,000
do
7 p. c. pref... 27,000.000
Amer. Bridge, com
30,527,800
do.
7 p. c.'pref
30,627,800
Amer. St. & Wire, com
50,000,000
do.
do.
7 p.c.pref. 40,000,000
Carnegie
$186,800,000
.
Amer. Tin
J46. 484,300
com
$2n,000,000
7 p.c. pref. 18,326,000
do.
Amer. St. Hoop, com
) 9,000,000
do.
7 p.c. pref.. 14,000,000
Amer. Sheet St., com
84,600.000
7 p. c. pref. 24,600,(K o
do.
L. Sup'orCon.I. Mines.
29,4^5,940
Shelby Steel Tube, com...
8,175,000
do
do
5,000,000
7 p. C. pf.
Union Steel Co
20,000,000
.
Plate,
,
.
.
.
|
Compare V.
76. p 709; V. 72, p. 483; V. 74, p. 273, 434, 991, 1042
V. 77, p. 1877; V. 78, p. 108, 1175.
Properties Owned.—The properties owned Deo. 31, 1903, were:
86 blast furnaces, 14 open-hearth and 17 Bessemer steel plants, 6 steel rail
mills, 67 bar, billet, etc., mills In 31 plants; 11 structural shape mills, in 3 plants;
14 plate mills, in 6 plants; 10 plants, comprising *51 puddling furnaces; 59 merchant mills, producing bar iron, steel, etc, in 18 plants; i» plants comprising
447 hot mills, producing tin plate, etc.; 2* rod mills, In 14 plants; 22 wire plants,
81 (welded and seamless tube plants, 26 bridge and structural plants, at complete foundries, 11 skelp mills. 16 miscellaneous armor, axle, etc., works; extensive iron ore mines in the Lake Superior region, 61.6*8 acres of coking coal
and 18.914 acres ol surface and 17,695 beehive coke ovens, etc.. In Westmoreland and Fayette counties, Pa.; 867 bi-product coke ovens at Benwood, W. Va.,
and Sharon and South Sharon, Pa 33,124 acres of steam and gas coal lands,
etc., railroads, lake vessels, ore docks, natural gas lands, etc.
Purchased Chemung Iron Co.'s Mesaba properties In 1903. V. 77, p. 405.
The output of the company in 1903 (see V. 78, p. 1174) is shown below.
Gross tons.
Output.
Fin. Prod.— (Ooncl.) Cross tons.
Iron ore
15,363,355 Finished structural
Pig iron, spiegel, etc... 7,279.241
work
469,692
Bessemer steel
6,191.660 Plates and sheets
1,374,928
I
,
Open-hearth steel
2,976,300
Coke, manufactured... 8,658,391
Coal mined (not used
In
making
coke)
1,120,733
Finished Products—
Bessemer steel rails
1,934,315
Wire and wire products 1,126,605
Bl'ms.slabs, billets, etc.
493,292
All other finished products
2,236,758
Total of aU finished
products
7,635,690
In June, 1901, a majority of the capital stock of the Shelby Tube Co.
was purchased on terms V. 73, p 349; V. 72, p. 1285; V. 73, p. 86. Coke
properties, V. 76, p. 815. In Jan,, 1902, 50,000 acres of coal lands
were leased on a royalty basis by constituent companies from the Pocahontas Coal & Coke Co.; on these will be erected at least 3,000
modern ooke ovens, with a capacity of at least 1,500.000 tons of coke.
V. 74, p. 52, 274. Estimate of value of property, V. 75, p. 139; V. 79,
p. 275.
nonits— PruioiINTEREST OR DIVIDENDS.
pal,WhenDue.
When Where Payable, and by Slocks— Last
Rate per
Whom.
Payable
Cent.
Dividend.
K Plan.
$30,000,000
6 g.
3.000,000
6g.
7,* 00,000
5
1,351,000
508.302,500 See text
360,281,100 7 in 1904
100
100
red.atll5,s.f.(text)Uac*<fcr 1901 l.OOO&e
r>«iiQt tT M.,$d04,ooo,ooo $
Collat.tr. m «snd ooo ooo j not red 8 f (text)...c\fer 1901
l.OOO&o 298251000
^
Coll. tr. 2d M., $250,000,000, g., s. f., red. text, Us.o*&r 1903 500 <&o. 170,000,000
Bonds of Companies Controlled—
1903
On Jan. 1, 1903, took over the entire capital stock of the new Union
Steel Co., $45,000,000 of new 5 per cent bonds being guaranteed,
principal and Interest. See that company on a preceding page. V. 75,
In May, 1904, the Clalrton
p. 1359; V. 76, p. 107, 546; V. 78, p. 1174.
Steel Co. was acquired, the Steel Corporation guaranteeing $10,250,000 bonds already issued and assuming $1,666,715 mortgages on real
estate, coal lands and mining properties.
The Crucible Steel Co.
5
I
g,
5g<
5
5
2,872,000
6.900,000
..
Q
P &
A.
— M.
8 .— F.
Various
do
M. & N.
&
J.
P.
J.
J.
do
N.Y.,Ofi.,
do
Jan.
1910
1913
1,
1,
Empire Bldg. Apr.
N. Y., Colon. Tr.& Pitts. Aug., 1910-39
Union Tr. Co., Pittsb'g. Jan., 1900 25
do
J.
do
July, igos-'is
N.
do
do
May 1, 1941
O.
do
do
Oot. 1, 1937
J.
do
do
Jan. 1, 1916
s.
Sept. 1, 1946
A
&
A. &
J. &
M. A
M. A
M. A
M. &
M.
s.
8.
Mar.
N. Y., U.
8.
Nov.
J.
J.
&
Jan.
R Rs.— For other bonds,
under
1,
1914
To May, 1914
Trust Co.
N.
&
J.
J.
1914
Aug. 1, 1998
Phlla. Fidelity Trust.
Feb., 1907
N. Y., Off. Empire Bldg. Do. 30,'03, *$%
do
do
Nov.30,*04,1*a
N. Y., J.P. Morgan & Co. Apr. 1, 1951
do
do
Apr. 1, 1951
do
do
Apr. 1, 1963
J.
& O.
& A
& J.
A.
5
3,000,000
5
2,102.000
5
4,500,000
5
8,500.000
5
6,732,000
6
1.000,000
5
2,000,000
5
1,150,000
6
1,004,000
5 e4.082,000
5
2,062,000
5 g.
1,499,000
See those co mpanies
F.
July
s
1,
1,
1,
1920
1915
1919
ee text.
agrees to take 120,000 tons of steel yearly for 10 years and about 80,000 tons of pig, on a sliding scale. V. 78, p. 1552, 2019; V. 79, p. 1283
Stock.— As to retirement of $150,000,000 of $510,314,100 pref.
stock, see Bonds below. Large stockholders May, 1902, V. 75, p. 81.
Dividends— On pref., 1% p. o., quarterly, paid Aug. 1901, to Nov.,
1904,
On
incl.
com., 1 p.
o.,
quarterly, Sept., 1901, to Sept., 1903, lncl.;
none since to May, 1904. V. 78, p. 108.
Bonds.—The collateral trust 5 per cent bonds of 1901 were secured
by all the securities owned; $154,000,000 only (series A, C and E)
are subjeot to call in whole or part at 115 per cent after Apr. 1, 1911;
a sinking fund of $3,040,000 yearly, beginning June 1, 1902, can
purchase bonds if obtainable at not exceeding 115 and interest, and
after April 1, 1911. may be applied to the redemption of series A. O
and E bonds to be drawn by lot. In Oct., 1904, $8,652,000, not included in amount shown in table above, had been so purchased and
were held alive in the sinking fund. Carnegie holdings V. 77, p. 2039.
Tn 1903 $150,000,000 pref «rred stock wa- exchanged, $ for$, for second mortgage bonds, $20,000,000 of the bonds being also sold at par in
cash to a syndicate headed by J. P. Morgan & Co. The arrangement
with the syndioate was thereupon terminated, having eusured $13,200,000 net cash for i mprovements. The remaining $29,000,000 bonds
available for sale for cash are held in the treasury as an asset, $1,000,OoO having been issued in part payment for the Clairton Steel Co.
The final $60,000,000 (of the authorized issue of $250,000,000 2d 5s of
1903) applicable for exchange for preferred stock will not be issued at
Deo.,
*a p. o.;
present. See V. 76, p. 334, 439. 545, 1147, 1200; V. 77, p. 717. 827.
1536, 2039; V. 78, p. 1173, 1786; V. 79, p. 1283.
The collateral trust second mortgage 5s of 1903 issued as above
(V. 74, p. 584, 733, 892; V. 76, p. 545,) are next in rank and similar in form to the 5s of 1901. They are subjeot to call after ten
years from date at 110 and Interest in whole or part (if the latter to
be designated by lot and coupon bonds to be redeemed first). An annual sinking fund of .$1,010,000 will provide for retirement of the
bonds. No foreclosure proceedings oan be brought for default [inpayment of principal or interest continuing] for less than two years. In
Oct., 1904, $1,365,000 included in amount shown in table above were
held alive in the sinking fund.
Amer. 88. bonds, V. 74, p. 1146; Pittsburg 8. S. bonds, V. 75, p. 1305.
History of the prinoipal properties, as given in Chronicle, may be
ascertained through index on page 166 of Inv. Sup. for April, 1902.
bonds op companies controlled not mentioned in table above:
Interest.
& S.
& A.
M. & N.
Aaa. Tin. Plate mortgages
6 M.
5 F.
Auegh. Furnace mortgage
Amer. Sheet Steel.— Dewees 5 F.
Wood 1st mortgage
y
No. Lake S. 8., due $10,000)
5 M.
Oumiandrng.
Maturity
$75,000 Mar. 1, 1906
78,000
Aug. 1, 1911
2,000,000
& S.
40,000
yearly
$
Host. Conn. Coke 1st mort ..
5 F. & A.
500,000
Host. Coke mortgage, due
5 F.
A.
75,000
$12,500 Aug yearly
J
Contin. Coke purch. mon. Ms.—
Hue $100,000 yearly
5 F. & A.
600,000
D ue $37,000 yearly
4 *a, Apr. 27
555,000
Carnegie Co. col. tr.
5 A. & O.
83,000
Friok Co. purch. mon.
5 J. & J.
150,000
Ohio Steel 1st M., part yearly. 6 J. & D.
670,000
Bel' aire Steel 1st
6 M. & S.
301,000
Rosena Furnace 1st
5 J & D.
250.000
King, Glib. & Warner 1st M... 6 M. & N.
100,000
Clairton real est., etc., morts..
1,666.715
Latest Earnings.— For 9 mos. ending Sept. 30:
&
M
M
Ne
Nine
over
mos. rep'rs,
etc.
$
.
M
M
Div. on
pre/, stock.
Int., s /.,
depr., etc.
$
$
'
Div.
on
com. stock.
$
May
1,
1910
Sep.'05-'08
Feb.
1,
Aug.
1,
1942
1909
Feb.'05'll
Apr.'05-'19
Apr.
Jan
1,
1,
2000
1905
June, '05 08
Mar. 2, 1906
Dec. 1, 1912
May 1, 1905
Balance,
surplus.
4;
1904.51,709,890 30,402,826(514)18,914,758
.. ..
....
2,392.306
1903.94,133,970 28,035,619(5i4)23.921,913(2ifl)12,707,562 29,468,876
Report.— Report for year ending Deo. 31, 1903, was given at length
e
in V. 78, p. 1165, 1172; edit., p. 1140.
Tear ended
*
Dee 31, 1903. Dee. 31,1902. Jfar.31, 1902
Gross sales and earnings
$536,572,871 $560,510,479
Repairs, etc., and charges of
subsidiary companies
427,401,718 426,901,715
.
Net earnings
$109,171,153 $133,308,764 $111,503,054
Deduct—
Sink.
of subsid. cos' bonds
$1,598,012
$624,064
$546,607
3,797,500
3,040,000
2,533,333
4,599,822
4,834,710
Extr'y. repl't f'ds (reg. prov'n)
9,297,531
9,315,615 | 12,189,996
Speo.fundfor depr'n & imp'ts. 10,000,000
10,000,000
2,500,000
Interest on U. S. Steel bonds..
19,082,796
15,187,850
15,200,000
Depreo'n in invent. * adj'ts..
5,378,838
Dividend on pref. stock
(7)30,404,173 (7)35,720,178 (7)35,682,962
do
com. stook.... (2ia) 12,707, 5 62 (4)20,332,690 (4)20,309,641
Div. outst'g stocks of sub. cos
25,282
f.
.
.
do
of U. S. Corp. bonds .
Dep'n & exti. f 'ds (reg. prov'n)
.
Bal., undivided earnings... $12,304,916 $34,253,657 $22,515,233
Directors. -The directors are as follows:
To
Feb.. 1907.
To
Feb.. 1906.
Morgan,
Robert Winsor,
Ht-nry Phipps,
Charles Steele,
Henry H. Rogers,
William H. Moore,
Thomas Morrison
Norman B. Ream,
Elbert H. Gary (Chrman), Peter A. B. Widener,
George W. Porklns,
James H. Reed.
Edmund C. Converse,
Henry C. Frick,
James Gayley,
William Edenborn.
J. P.
To Feb.. 1905.
Marshall Field.
Daniel G. Reid.
J. D. Rockefeller Jr.,
William E, Corey,
Robrirt Bacon,
Nathaniel Thayer,
.Toha F. Dryden.
Clement A. Grlscom.
INDUSTRIAL STOCKS AND BONDS.
1904
MISCELLANEOUS.
Date
of
For explanation of column headings, &c, see note on
Bonds
first page of tables.
Virginia- Carolina Chemical— Stodk, com., $38,000,000.
Pref (also as to assets) 8 p. o., cnm.. $20,000,000 auth.
o*
Col. tr. M., g., red. 105, sinMne fund, see text Ce
Virginia Iron Goal & Coke— Underlying bonds (see text)
Va. Iron Coal & Coke. 1st M., g., $10,000,000 OTa. .0"
c*
Va. ASouthw. Ry., 1st M., $2,000,000, gold, gu
Mo
100
1899
1902
Fargo £ Co.— Stock
1900
Welsbach Co.— Coll. trust mort., gold. $7,000,000, s. 1
West'n A nthracite Coal <6 Coke (Jo —Pref. stock, 7% cum
West. Telephone <t Telegraph—Com. stock, $16,000,000...
Pref. stuck. $16,000,000, 6 p. c, cum. after 2 years
c* 1902
Collateral trust gold bonds, $ 1 0,000,000
1884
Western Transit Co.— Bonds, gu. by N. Y. C. ext. in 1903
Western Union Telegraph—Stock
Collateral Trust bonds.
o* 1888
Fund'g and real estate mort., $20,000,000, gokl.F.c&r 1900
Westinghonse Air Brake—Stock, $11,000,000
Westinghouse Elec. <6 Mfg.— Assent, stock (V. 71 p. 1274)
First pref. ($4,000,000) stock, 7 p.c, cum. (see remarks)
Debenture certificates, $3,500,000, gold (see text) Me 1898
New deb en. certificates, $15,000,000, red. 105 (see text)
Wells,
OB
Me
18,000,000
1,000
6,500,000
557,000
i'obo
6,434,000
1,000
2,000.000
100
8.000,000
100 Ac.
6,526,000
100
1,250,000
100 16,000,000
100 16,000.000
1,000
9,857,000
1,000
1,500,000
100 97,340,606
1,000
8,504,000
l.OOO&o 17,000,000
50 10.990,450
1,000
.
1898
1,000
1,000
1,000
Walker Co.
1st
mortgage
(see text)
50
Officers.- President, w. E. Cnrev: First Vlee-Preu.. James Gayley: Sec'y
and Treas.. Richard Trimble; Comptroller, William J. Filbert.
Finance Committed.—Geo. W. Perkino. Chairman: Henry H. Rogers. Norman B. Ream, P. A. B Widener. Heury Phinps, Henry C. Frick and Robert
Bacon, and E. H. Gary and W. E. Cory, ex officio.
Office, 71 Broadway, N.Y.— (V. 79, p. 733, 791, 906, 969,1283,1481.)
Virginia-Carolina Chemical Co.— organization.— incorporated on Sept. 12, 1895, and acquired many successful manufactories
of commercial fertilizers from Baltimore to Atlanta and Savannah
V. 68, p. 431; V. 69, p. 232, 964; adv. In Chron. Mar. 4, '99; V. 72, p.444
See application showing properties owned, etc., V. 72, p. 1186; V. 72,
p. 1191, 1285; V. 73. p. 137, 240; V. 74, p 942, 1095; V. 75, p. 81, 140,
496. The So. Cotton Oil Co., $9,881 ,300 of whose $10,000 000 stock is
owned, operates the cotton oil properties See V. 73, p. 240, 137, 1365.
Stock.—The stockholders voted on July 17, 1901, to authorize an in
crease in the common stock from $12,000,000 to $38,000,000, the new
stock to be issued for cotton oil, etc, properties, recently purchased,
and from time to time as required; outstanding Dec, 1903, $27,984,400 V 73, p 36, 137; V. 75, p. 496.
The shareholders voted on May 18, 1904, to authorize $8,000,000 additional preferred stock, raising the amount to $20,000,000; of
the new stock $6,000,000, to be used to pay the floating debt and for
additional working capital, was subscribed pro rata by stockholders of
both classes at par, payable ne-thlrd each on June 15, July 15 and
Aug. 15. 1904. The remainiDe $2,000,000 cannot be issued in excess
of $400,000 in any fiscal year except on vote of a majority of the stook.
V. 78, p. 1451; V. 77, p. 355, 405; V. 78, 1503. 1V70.
DrvTDBNrs— (P.c.) ) 1896. '97 to Mar., *02, incl. June, *02 to June/03
<
l*4qr
>Dec.l
4 yearly.
Common
Preferred, 8 p.c > In full to Oct., 1904, Inclusive (paid Q.-J. 15).
In Sept., 1903, common stook dividends were suspended on account
of requirements for additional working capital. V. 77, p. 405.
Collateral Trust Bonds.—The bonds are secured by tbe $9,881.300 Southern Cotton Oil stook owned and $2,209,200 of $2,219,200
stock of the Charleston Mining & Manufact'g Co. The proceeds were
used to restore over $3,30o.0<>0 cash taken from working capital on
account of reoeut acquisitions and to provide about $3,^00,000 still
due for the properties acquired. They are subject to call as a whole
oh any Interest day at 105 or for sinking fund $500,000 annually, beginning 1904. at 10k Lj and interest. V 75, p. 140, 687, 1102.
Report for year end. June 15, 1904, In V. 79, p. 267, 632, 686, showed
gross profits $3,293,109; Int. on bonds, $350,000; Int. and discount.
|o." 2,758; div. on pref. (8 p. c), $960,000; loss on 80. Cotton Oil Co.,
$53,416; bal., sur., $1,376,935.
Officers. President, S. T. Morgan; Secretary, 8. D. Crenshaw;
Treas., 8. W. Travers. Richmond, Va. New directors Aug., 1903, V. 77,
p. 405.— (V. 79, p. 267, 275, 632, 686.)
Coke Co.— See page 1911.
Virginia Iron < oal
Co.— See page 1911.
Wells, Fargo
&
&
Welshach Co.— See page
1911.
Westchester Llgh ting. —See N. Y. & Westchester
Consol.
Gas
of N.
Y
Lighting under
Western Anthracite Coal & Coke Co.— See page 1911.
Western »as Co. M 11 waukee).— (V. 74, p. 482; V. 76, p. 658.)
Western Transit Co.— Owns piers, etc, in Buffalo, N. Y., fleet of
16 steamers (of which 7 steel) and also barges used on the Great Lakes.
V.79, p. 738. The N Y. Cent, owns its $1,000,000 capital stock- (V. 76,
(
p. 216; V. 79, p. 738.)
Western Telephone & Telegraph Co.— See page 1911.
Western Union Telegraph.—Organized under the laws of New
2, 1851, and present name adopted In 1856.
As
to favorable decision in Oct., 1903, in claim against Amer. Telephone
Telegraph Co., see V. 77, p. 953, 2160; V. 78, p. 588, 1227.
Stock —In 1892 increased stock from »86,200,000 to $100,000,000, of
which $8,620,148 was thenpaid as ^cripdiv. to represent surplus earn-
York State on April
&
ings expended on the property and $2,630,000
Dividends.—
>
'87. '88. '89. '90. '91.
still
'92.
unissued.
'93 to Oct.,'04.incl.
5
5 5\
5 15(10so.) 5%
Q—J.)
Bonds.— On June 30, 1904, the following stocks (par value) were
pledged for the collateral trust bonds: Gold & Stock Telegraph, $1,111,800; Internat. Ocean Tel., $1,961,500; N. Y. Mutual Tel., $2,387,700; and bonds. Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4*48 of 1900 are secured upon real
estate in New York and Chicago and provide for the $6,800,000 of 6s
and 7s due in 1900 and 1902, construction, etc In the event of a
mortgage being made, they will be given a prior lien thereunder. V. 70,
p. 384, 1203; V. 71, p. 750; V. 74, p. 785; V. 78, p. 1451
Leased companies.— Under leases the company aside from other
rentals pays Interest and dividends as below.
Lease
Int. or div.
Bonds
expires.
Amount.
% Period, mature.
Company, Ac.
1932 $14,000,000 5
Q— No bonds.
Am. Tel. & Cable stook.
Since '86, p.c.
*
(m
2
M
Cn.& Northw.
Tel. stk.
1st mort., Int.
mar
Empire* Bay State, st'k
1904
1989
1975
Franklin Tel. stock
& Stock Tel. stook.Jan.,1981
Bonds $500, not mort.
nilnolB & Miss. Tel .. perpetual.
Intern.OoeanTel.stock.Jan.,1981
N.Y.Mut.Tel.stock($25)Feb.,1982
Mntual Un. Tel. 1st ..
Northw. Tel. stk. ($50).My7,1980
Gold
1st mort.
p.
A
1.
guar..
100,000
1100,000
300,000
a267,100
b2,444,400
500,000
cl,830,145
dl,015,400
ell4,300
f 1,957,000
2,500,000
1,500,000
4
6
4
2»«
6
4 1*
4
6
6
MAS Sept.l, 1904
Q— M No bonds.
MAN No bonds.
Q—J
M&N May 1,1905
J&J
None.
Q— J
No bonds.
6g.
M&N
May, 1911
6
J
4^
J
A.
J
AJ
Jan.,
1934
1904 Q- -j. 15
5g. A. & O
5
5
g.
g.
&
&
&
&
r.
1904
j.
j.
See text. F.
5 g. J.
313
1).
&
i\T.
5 g.
iln
Checks mailed.
do
do
.New York.
M.
q
5
Junel,'03, 114
Oot. 15,'04,2%
Oct.
N.Y., Bk' of Manhat.Co.
do
& J.
& A.
Q.-J.
& J.
M. & N.
&
Tr. Co.
Mch.
1,
1949
June
1,
1930
St., J. C, N.J. Aug. 1,'04, 2»a
Co., Boston. Jan. 1, 1932
N. Y., Grand Cent.Stat'n Feb. 1, 1923
N. Y., Office, 195 B'way. Oct. 15,'04, 1>4
do
Jan. 1, 1938
do
May
do
do
Lease
expires.
&c,
1912
Old Col. Tr.
I*
Company,
1,
Jan. 1, 2003
do
51 B'way. July 15/04,4%
J N. Y., Office,
Phil. Prov. L.
,T.
4*3 g.
—
Last
Dividend.
A. 243 Wash.
B.
J.
F.
5 in 1904
Stocks
Whom.
8*
1,000
Westinghouse Macnine— Stook. $5,000,000
If 04
Mortgage, due $35,000 yearly
1899
Debentures, $1,500,000, gold, redeem by lot at 105.
Westingh F'ndry, 1st M, gu., due $50,000 y'ly, beg.'07 1902
text.
8 in
Where Payable, and by
See text. Q.-J.
Pittsburg, Pa.
20,996,3=^0 See toxt. Q.-J. N. Y., Office, 120 B'way
3,998,700 See text. Q.-J.
do
do
2,679,000
J. & J. N. Y. Mere. Trust Co.
See text.
850,000
6 g. J. & J. N. Y., Central Tr. Co.
5,000.000 10 in '04 Q.-J.
East Pittsburgh, Pa.
350.000
6
J. A D. Fid.Tit.&Tr.Co. Pittsb.
1,150,000
do
J. & J.
do
1,000,000
M. & N. Colon. Tr. Co., Plttsb'g.
50
50
,
Bonus— Principal, WhenDue.
INTEREST OR DIVIDENDS.
or
Amount Rate per When
Par.
Value. Outstanding
Payable
Cent.
Size,
$100 $27,984,400 See
1902
[Vol. lxxix.
1,
1950
Oct. 10/04,5%
Oot. 10/04,219
Oot. 10/04, 219
July 1, 1913
20 years.
Jan. 2, 1916
Oct. 12/04. 2»«
June, 1905 14
July 1, 1919
May, 1907-27
Int. or div.
Bonds
% Period. mature.
4
J&J No bonds.
Amount
Pac. <fe Atl. stock ($25) . 99 years
g541,875
Sou. &Atl. stock ($25). 999 years
6558,400 5
No bonds.
On June 80, 1904. the com oar y owned of the above amounts: Franklin Tel*»
$«32,M)0; Gold and Stock Tel., «l,448.t*"0; Int. Ocean Tel., $.!8,100; 111. & MissTel.. *10<\850; Pacific & At. Tel.. $1;468.10; Southern & At $3»0.476.
Also owns directly or througn collateral trust.viz. a$6<>',900; b $2,5S5,6<"0
cUOO.850; <l $1,984,600 eJ<J.^87,700; t $3,043,000 g $1,458,125; h $390,475 ;
A&O
.
;
;
;
i
$40,000.
Latest Earnings.— Revenue for 3 mos. ending Sept.
30,
1904
Net revenue.
Interest.
Divxaends.
Bal., sur.
1904
$297,559
$1,217,019
$2,100,000
$585 431
1903
2,347,196
286,300
1,217.017
843,879
Total surplus Sept. 30, 1904, $15,466,859.
Annual Report.— Report for 1903-04 was In V. 79, p. 1640.
1903-04.
1902-03.
1901-02.
1900-01.
Tear ending June 30.
$
$
$
$
Revenues forthe year. ...29,249,390 29.167,686 28,073,095 26,35\151
Oper.exp's.rent. .t'xes,&c .2 1 ,36 1 .915 20.953,2 1 5 20,780.76rt 19,668,903
Remainder
7.887,475 8,21«,471 7,292,329 6,685,248
Dividends paid (5 p.c.).. 4,868,071 4,868,050 4,86»,031 4,868,007
Interest on bonds
1,157,700 1,077,700
992,580
956,160
Surplus
1,86),704 2,268,721 1,431,717
861,080
Miles of Miles of No. of
Year. Poles AC'bl's. Wire. Offices. Messages.
Receipts.
Profits
1866-67... 46,270
85,291 2,565 5,879,282 $6,568,925 $2,624,919
1892-93.. ,189,936
769,20121,078 66,591,858 24,978,443 7,496,037
1902-03. ..19H, 517 1,089,212 21,120 69,790,866 29, 167,686 8,214,471
1903 04 ..199.350 1,155,405 23,458 67,903,973 29,249,390 7,887,475
Offloe, 195 Broadway, New York City.— (V. 79, p. 1026, 1 640.)
Westinghouse Air Brake.—Organization, Etc.— a Pennsylvania corporation. V 67, p 843,1065. Owns $850,000 of the* 2, 500.000
stock of the Canadian Westinghouse Co., Limited V. 77, p. 1307.
Stock, formerly $5,000,000,was increased to $11,000,000 in Jul/,1898,
$5,000,000 being distributed an a 100 per cent stock dividend.
Dividends.— >... .to 1898 1899. 190f>.
1901 to 1903.
1904
21
Percent
20 yearly.
25
24
30.
S
In 1904, Jan., 6 p. c since to Oct., 5 p. c. quarterly.
As to litigation with N. Y. Air Brake Co., see V. 69, p. 181, 442;
V. 70. p 636; V. 73. p. 1365; V. 75. p. 1359; V. 79. p. 217. Report for
year ending July 31, 1904, was in V. 79, p. 126% showing: Gross,
$5 »39,953; net profits, $2,338,157; div. (22%), $2,417,899; bal., def.,
$79.7*2.— (V.79, p. 217, 632, 1265 )
3 mos.
,
Westinghouse Electric & Manufacturing Co.—Organization.—A Pennsylvania corporation manufacturing appliances used
for electric lighting and power purposes. Statement to N. Y. Stook
Exchange was in V. 54, p. 763. The company owns exclusive rights
to the Tesla patents on alternating ourrents.— V. 61, p.25, 153. In
March, 1896, an agreement was made with the General Eleotrio Oo.
See V. 62, p. 502, 635, 1040; V. 68, p. 1024.
In Sept., 1898, purchased substantially entire capital stook and all
but $850,000 of the $2,500,000 20-yr. bondsof Walker Co. V. 68, p. 87.
British Co.. V. 69, p 232.802; V.73,p. 1114; V.75,p. 1414; V. 76. p. 1089;
report, V. 78. p.987. Canadian Westinghouse Co., see V. 77, p. 302, 1307
aud official statement, V. 79, p. 624.
Capital Stock., Etc.—Stook authorized Is $25,000,000, increased
from $15,000,000 in Feb 1901, $3,000,000 of the new stook being,
In 1903
sold to stockholders at $55 per $50 share. V 72, p. 631.
stockholders subscribed to $4,500,000 aud in July, 1^04, to the remain
lng $2,473,200 assenting stock at $80 per +50 share, the proceeds to
be used for extension < aud working oapital, increasing the outstand,
ing amount to $21,000,000.
V. 76. p. 10^9; V 77, p. *27; V. 79, p.
275, 632. The first preference stock oarries cumulative dividends
annum, with right to participate equally with other
of 7 per cent per
stook after the same shall have received 7 per cent, and preferential
as to prinoipal. See preferred certificate in editorial of May, 1893, 8tjp.
As to the debenture certificates of 1898 see V. 67, p. 324, 691.
Sinking fund of $150,000 yearly from 1900 to pay oh* debentures at
105, to be drawn by lot. No ben is to be placed on property without
providing for debentures. V. 67, p. 1112.
In Oct., 1904, it was proposed to authorize an issue of $15,000,000
twenty-year 5 per cent debenture certificates subject to call at 105, to
provide for additional working capital and future requirements.
In Dec, 1903, $2,000,000 three-year k pe." cent notes and in 1904
$4,000,000 three-year 5 per cent notes, dated Aug. 1, all subject to
payment before matuilty (the latter at par and 2 p c. yearly for unexpired time) were sold. V. 79, p. 275, 511; V. 78, p. 51.
1! 02 to
to
July,
Since to
1 189
May '03.
Divs.-P.o.f 1899. 1900. 1901.
1903.
Oot, 1904.
114 10 yearly (Q-J)
7
7
7
7 yearly.
Preferred..
6»«
7 yearly.
5%
Assenting, j
1H 10 yearly (Q-J)
Annual Report.- Fiscal year ends March 31. "Net earnings" for
3 mos. end. June 30, 1904, were $668,268. Bal. sheet June 30, 1904,
Sales in 1902-3, $24,899,492, against
V. 77, p. 628; V. 79, p. 10 6.
$19,975,958 In 1901-2; net earnings, including subsidiary oo's. (approx#4,650,000. V. 76, p 1089. Business May, V'O*. V. 78, p. 1970.
imate),
Directors.— Brayton Ives (Chairman of the Board), Ph Ferd Kobbe,
A. N. Brady, N. W. Bnu stead, Fra k H. Taylor, H. H. Westinghouse,
G.W. Hebard, James H Hyde. Brayton Ives, Geo. C. Smith and George
Westinghouse. President, George Westinghouse; Vice Pres., Frank H.
Taylor, Ph Ferd. Kobbt and L. A. Osborne; Treas., T.W. Siemon; Hecy.,
UharleK A. Terry. N. Y. offloe is at 120 Broadway.- (V. 79, p. 511, 624,
632, 1026.)
Westinghouse Machine Co.—See page 1911.
'•
1
INDUSTRIAL STOCKS AND BONDS.
Oct., 1004.]
Dividends.— On preferred in full toNov.,1896,incl.: in 1897 to 1899
lnc.none; Nov., 1900, 3 p. 0. on 1st pref.; 1901 to 1903, both inclusive,
6 p. 0. yearly on 1st pref., leaving accumulated dividends unpaid of 21
p. 0. on 1st pref. and 56 p. 0. on 2d pref. On com., none since 1896.
General Finances.— On Aug. 31, 1903, notes payable, $866,968.
Annual Rkport.— Report for year ending Aug. 31, 1903, V. 77, p.
2035 showed profit, $125,274, against $108,589 for 1902. Pres..
James N. North. N. Y. office, 449 First Ave.— (V. 77, p. 2035.)
&. Clies. Canal.— Owns oanal between Chesapeake
<$100 shares).
Bav and Albemarle Sound, 14 miles. Stock 18*558,200none; in Feb.,
Dividend In 1893 96 each Us p. o. yearly; In 1897,
Dividends
1898, 1** p o none since. Bonds, $500,0o0 1st M. 4s (formerly 7s),
iue Julv "1909 Non cum. income 3 p. o. debentures (Central Tru t
Co N Y., tru> tee), $115,000 duo July 1, 1909, issued per plan, V. 77,
n 351, for the funded portion of interest on 1st mortgage bonds to
Sate of maturity, and July, 1902, coupon, canceled. (V.77 ,p 351.)
See report, V. 74, p. 92; V. 72, p. 1035. In 1903-4, gross, $32 544; net,
$19,412. In 1902 3, gross, $32,828; net, $17,810. Pres., Warren G.
Elliott. Office, Nortolk, Va.-(V. 75, p. 795; V. 77, p. 351.)
American Alkali.— Stock, oommon, $24,000,000; pref., 6 p. e.
cumulative, $2,400 000, mostly *10 per share paid in; par of shares.
Albemarle
;
$50. See SUP. for July, '02,
V. 78, p 1499.
and V. 76, p. 214, 1194;
American Steel Foundries Co.— Organization.— Incorpoin New Jersey on June 26. 1902, and acquired.
rated
An erican Steel Casting Co. (See Supplement of April, 11-02), Reliance
Steel Castings Co. of Pittsburg, Pa.. I.eigbton & Howard Steel Co. K St. Louis,
Krai klin steel Casting Co. ofFranklir, I'a., Sargent Co. of Chicago, M.,
111
A iiieric«n Steel Foundry Co. of Granite City, 111., and American Holster Co.;
also in Sept., 1904, rO p, c. of Commonweal h Suel Co. stock. V. 79. p. 1463.
V. 77, p. 770, 1875;
American Cement.— A consolidation in 1899; incorp. in N. J.
Prospectus, V. 69, p. 1249. Stock, $2,000,000. Dividenos 1900 to
July, 1904, both incl 8 per cent yearly (2 extra). Report for 1903,
due Oct.
V 7H, p. 285. Bonds, $825,000 1st niort. and coll. tr. gold 5s,Philadel1 1914. s. f. $30,000 yearly int. A. & O. at GirardTrust Co..
phia, trustee. President, Robt. W. Lesley; Treasurer, Frederick J.
Jlegens. 42 So. 1 5th St.. Phila. Seaboard Cement Co., see V. 77, p. 252,
2392.-IV. 76, p. 690, 655; V. 77, p. 252; V. 78, p, 285, 2387.)
,
;
at Barton and Lonaconing, Md. Stock'
Dividends (M. & S.) 1894, 6^ p. c; 1895, 7; '96-
American Coal.— Mines
$1,500,000; par, $25.
8; '97, 8; '98, 9; '99, 10;
Office,
S.)
10 p. c. (M.
&
American
1900, 9; 1901, 10; 1902, 10; 1903, 10; 1904.
No. 1 Broadway.— (V. 72, p 340.)
Telegraph Co. of
District
New York.— Annual
report for year ending Deo. 31, 1903, was in V. 78, p. 1221, showing
expenses, $34,508;
fross, $577,6-7; net. $100,377; construction
ividends (2 p. c), $76,888.
Dividends. ) '93. '94. '95. '96. '97. '98. '99. 1900. '01. '02. '03. 1904.
2 2 2H 2M 2^
2
2 May, 1
3
1
Peroent. ( 3^ 1
6 Dey St., N. Y. City. Directors and officers, Apr., 1902, V.
Office,
74, p. 207,885.-(V. 76, p. 214, 263; V.78,p. 344, 1221.)
American «rass Twine Co.— Organization.— Incorporated in
Delaware on June 8, 1899. Official statement showing properties
owned, V.73 p. 1262; V 74. p. 96; V. 75, p. 31, 187, 1305; V. 77, p. 1295.
Stock, $15,000 000; par, $100. Dividends, 1902. 3% p. c; 1903, Jan.,
2^ p. o.: noue since. Underlying bonds, $36,000. Wisconsin Grass
Twine 6s, due Jan. 1. 1907. Pres., Solomon Turck; Vioe-Pres., H-nry
M. Cohn; Sec. Frank G. Noble, 377 Broadway. N. Y.— (V. 77, p. 1876.)
Steel Manufacturing.— In Aug., 1899, abAmerican Iron
sorbed properties at Beading and Lebanon, Pa. See list in statement of April 30, 1900. V. 71, d. 180. In 1901 the North Reading
Works were sold. V. 74, p. 576. Stock, common, $17,000,000, $5
per share paid in; pref., 5 p. o. cum., $3,000,000, full paid; par of
shares, $50. Dividends on pref., Jan., 1900, 123 p.c; Apr., 1900, to Oct.,
'04,l 14p. 0..Q.-J On com., 1900, $1 per share; 1901, 55 cts.; 1902, Jan.
29, 15 ots.; May 2«, 15 cts. No bonds. Report for year ending Dec. 31,
1903, in V. 78, p. 767. Office, Lebanon, Pa.— (V. 78, p. 76T.)
American Light &, Traction Co.— Organization.— Incorporated in New Jersey May 13, 1901, by Emerson McMillin and associates, and acquired the following lighting and traction companies per
terms in V. 72, p. 724, 871, 987; V. 73, p. 235, and V. 75, p. 343. All of
the stock of the -rand Rapids, Madison, St. Joseph, St. Paul and
Blnghamt>'n (v. Y.) Gas Works is owned, and at least 97 p. c. of the
stock of each of the remaining properties named below.
&
Tot. stock
issued.
Western Gas Co
Grand Rapids (Mich.) Gas Light Co
Mariis n( Wis Uas& Electric Co
St. Joseph (Mo. Gas Co
St.Paun Minn.) Gas Lt.Co.(V.77, p. 2282)...
Blnehamton.N. V.)Gas Worts
Consol.G«sCo of N.J. (Long Branch, N.J.)
Southern Light & Traction Co
$4.0(0.'"
>
.
1,000,000
400,000
1,000.000
1,500,000
460,000
l.oOO.ooo
2,500
Outs'and'g
bon/ts.
$6,00".000 V. 74, p. 482.
1,225,000 V. 64, p. 6«2.
450,' 001
See page
;52,000ll74 of INx3.88-i.0oo; vkstors'
528,00 'J 9UPPLEM'T.
971,000 V. 75. p.«44.
,
T
8
1,985,000
j
g^p..
*.
'
8 o.
Power Co. guaranteed bonds. V. 73, p. 1014.
x
8tock. Authorized, common, $15,000,000; pref.6p.c cum., $25,000,000, of which $9,396,900 pref. and $4,680,800 common outstanding.
Dividends. Pref., Dec.2, 1901, to Nov ,1904, 6 p.o. yearly (p*ld Q.-J.)
First div. (seml-an.) on common, 1*3 P- c, payable Nov 1, 1904.
Earnings. - Fir 6 mos. ending June 30, 1904, net earnings 'were
See also $7f 0,00<' St. Croix
$463,95*. div. on pref., $281,907; bal., sur., $182,052.
Report.— For years ending Dec. 31 earnings were:
Balance,
Preferred
Oth*r
Dividends
Calendar
divide-i.ei.
surplus.
inrome. Expenses.
recttvtd.
year.
$970,4-9 $110,371 $30,539 (6%)$553,060 $497,251
1903
450,128
22,574 (6%) 504,963
991,893
45,772
1902
Pres., Emerson McMillin; Sec, and Treas.. S. J. Glass. N. Y;
ottloe, 40 Wall Street. Directors, V. 73, p. 235.— (V. 79, p. 1 705.)
American Linseed.—Organization, Etc.— Incorporated on Dec
5, 1898, under the laws of New Jersey, as a consolidation of the
National Linseed Oil Co., etc V. 67, p. 1161; V. 69, p. 697. See V. 71,
P. S45- For list of plants, etc., see V. 70, p, 631. Com. stock authorised, $16,750,000, all outstanding; pref. stock as In table. In June,
1901, Standard Oil Interests acquired a majority of stock. V.76, p. 216.
Dividends.— On pref., June 15, '99, to Sept., 1900, 10*2%; none since.
Report— Report for year ending July 31, 1 901, was in V. 73, p. 662.
955, showing loss from operations of $1,402,491. Pres., John A. MoGean; Sec, W. A. Jones. Directors Sept., 1904, V. 73, p. 555; V. 75.
*V. 79, p. 1267.)
p. 550; V.79,p.l267. Main office, 100 William St.,
American Pneumatic Service Co.— Organization.— Incorporated in June, 1899, under laws of Delaware— (V. 68, p. 1130, 1179.)
Is the owner of the whole, or nearly all, stock of the Lamson Consol.
Store-Service Co. (V. 68, p. 1073). the Intern. Pneum. Service Co., etc
Dividends on pref. stock to Jan 20, 1902, incl., 6 p. c. per an.; slnoe
Sassed to increase working capital. V. 74, p. 1309, 1357. UnderlyInterig bonds Oct.. 1903, $388,000 Lamson sinking fund gold 5s.
national Trust Co., Boston, trustee In Oct., 1904, a portion of the
new $1,600 000 5 p. bond issue was reporttd to be sold, part of the
balance being held as collateral for floating debt. Compare Chronicle of Oct 29, 1904. V. 78, p. 104. 289. 238 <!.
Report for cal. year, 1903, with balance sheet, was in V. 78, p. 2382,
Arthur 8. Temple. Treas., 115
showing net earnings $269,900;
Chaunov Street. Boston. -(V. 79, p. 629 )
NY —
American Sewer Pipe Co.— Organization.— Inc. in N. J. on
Feb. 17. 1900, as American Clay Mfg. Co. as a consolidation of 32 vitrified drain-pi t>e and 2 paving brick plants said to control from 60 to 75
per cent of the industry, ana name changed, Feb. 1,1901. For list,
etc, see V. 70, p. 482, 688, 874. The bonds are subject to call at 105
andinterest up to $100,000 yearly after Mar. 1,1901. SeeV. 70. p 688;
V. 78. p. 2<0i. Stock, $8,00 ,000, as reduced Mar. 1903; outstanding,
$7,805,700; par, $1< 0. Balance sheet Sept. 30. 1903. V. 77, p. 1532.
First dividend, 3 p. c payable % p. c quarterly, beginning July 1,
1904. V. 78, p. 2601.
Officers.— President, Frank N. Kondolf, Pittsburgh, Pa.; Secretary;
Thomas D. Brown, New Brighton, Pa.; Treasurer, W. B. Goucher,
Pittsburgh Directors June, 904, V. 78, p. 2601. Office, Pittsburgh,
Pa.— (V. 77, p. 1632, 1535; V. 78, p. 2601.)
,
American Soda Fountain.— Formed in '91
Stock outstanding:
Common,
1005
in N.J.— V.66,p.382.
$1,250,000; 1st pref., 6 per cent, cum.,
$1,250,000; 2nd pref., 8 per cent, cum., $1,250,000; par, $100.
For status of company, rights of stock, etc, see V. 78, p. 2604. V.
77 p 767; V. 75, p. 1300; Of the $40,000,00') stock (half pref); the
$4!5O(),000 each of common and preferred are to be issued only
for cash or property of the actual oash value at par. V. 74, p. 1141,
1
);
1357. Div. on pf., Dec. 1, 1902. to Dej., 1903. l ^ p. c quar. iQ.
1904, May, l 1* p. c; Aug., 1 p. c; in Oct. no action was taken on the
1463
dividend V 79, p.
Rkport. For year ending July 31, 1904, in V. 79, p. 1460, showed:
onstituent companies, $354,030; interest on bonds,
Net. Income of
$23,550; div. on pref. stock (4Lj p. c), $697,500; bal., def., $367,020.
Officers —President, Charles Miller; 1st Vice President, Daniel
Eagan; Treas. and Sec, F E. Patterson. Directors, V. 78, p. 2606. V.
79, p. 272, 1463. Office, 74 B'dway, N. Y.-(V. 79, p. 1 460, 1463.)
American Thread Co.— Incorporated in N. J. March 10, 1898.
(V 67 p 1158.) Stock, $6,000,000 common ($3 50 per $5 share paid
in, understood to be entirely owned by the English Sewing Cotton
Co.); $6,000,000 five per cent cum. pref. (gold or *); issued $4,890, 475, par of shares, $5. Dividend on pref. July, 1899, to July,
1904, inolusive, 5 p.o. per annum (2*3 p. c. semi-an). First div. on
common, 30 cts. per share (or 10 per cent on amount paid in) paid out
of earnings of 1899-0; In 1900-01, 35 cts. (10 p. c); in 1901-2, none;
in 1902-3, 14 cts. (4 p. c); in July, 1904, 56 cts. (16 p. 0.)
M
<
Bonds -See application to list in full, V. 70, p. 179; also V. 76, p. 267.
In 1901 purchased control of Wool Exchange Co., owning building 260
West B'way, subject to tirst mort. of $450,000. V. 73, p. 289, 393, 446.
Report. Report for year ending Mar. 31, 1904, with balance sheet*
in V 79, p. 211, showed: Gross profits, $1,497,457; depreciation
$300,000; bond interest, $236,900; dividerd on pref. stock (5 p 0).
$244,524; div. on c>m. stock (16 p. c), $672,000; bal.. sur. for jear»
$44 033. T.tal surplus, $3^3,425. President. T. C. Waterhouse, 8eo.
and' Treas., Theo. M. Ives, 260 W. Broadway, N. Y.— (V. 79, p. 211.)
American Window Glaus Machine Co.— Organization.—
Incorporated in New Jersey on Mar. 6, 1903 V. 76, p, 596, Owns
exclucivn rights to certain window-glass machine patents in the U. S.
See V. 76, p. 596, 707. In Mar.. 1903, purchased nearly all of common
stock of Amer Window Glass Co. (see Supf. Jan., 1903), and leased
patent rights to latter on royalty. V. 76, p, 707, 867; V. 77, p. 2282.
Stock.— Stock authorized, common. $13,000,000; pref., 7 p. e. cum.,
$7,000,000; par of shares, $100; of this, $6,449,000 common and
$500,000 pref. were issued to acquire patent rights and $6,500,000 of
each were available for purchase of $13,000,000 Am. Window Glass
common stock. The latter company's $4,000,000 cumulative pref.
stock (in shares of $100) was to be protected in its right to dlvs. of 7%
per annum as paid Mar., 1900, to Mar., 1903, semi-annually; no dividends paid since to Apr., 1904, inclusive; V. 76, p. 707.
President, Aarian H. Larkin, Secretary, S. Lawrence Bodine, Pittsburgh, Pa.-(V. 76, p. 596, 707, 867; V. 77, p. 2282.)
Barney &. Smith Car.— Incorporated in 1892 in West Virginia.
Stock outstanding, common, $1 ,000,000; pref., 8 per cent, cumulative,
$2,500,000; par, $100. Ponds, $1,000,000, 1st 50-year gold 6s <J.&J.)
subject to call at 110 on or after July 1, 1902; Guaranty Trust Co., N.
Y,. trustee. Dlvs. on com. in '93, 5 p. c; on pref. 8 p. 0. till Mar., '95;
dividends resumed Dec 1, 1899, then 2 p. o. quar. to Sept., 1904, inol.
Report.— Report for year ending Mar. 31, 1904, V. 78, p. 2382.
Net.
Tear.
$633,553
... 566,261
1903 04
1902-03
— (V.
Bad
Pref. div.
Bal., sur.
$60,000 $200,000
60,000
200,000
$373,553
302,511
Interest.
debts.
$3,750
1298; V. 78, p. 2382 )
outstanding, $250,000,000, of which
$75,000,000, in $50 shares, it is claimed, was not properly issued. V.
78, p. 277, 2013. Its equity (see Sdpp. of July, 1902, in certain Boston gas companies was sold at foreclosure In 1902 and the stocks bought
in for the Massachusetts Gas Companies per plan In V. 76, p. 104,
161; V. 79, p. 735. As to offer to stockholders by other parties in July,
1903, see V 77, p 695,771. See V. 76, p, 334,437, bl2, 974, 1145,
1194, 1357; V.77,p. 39, 149, 299, 402, 453; V.78,p.289.-(V. 79, p. 735.
74, p. 1198,
Bay
state
1250; V.
76, p.
Gas Co.— Stock
1
1
in
Borden's Condensed I*lilk Co.— Organization— Incorporated
New Jersey on Apr. 24, 1899. V. 68, p 821. Successor to New York
Co., also absorbing va'ious other properties in the
U. 8. V. 69, p. 1 1 95 V. 74, p. 97, 579 V. 76, p. 656. Stock, all outstanding, common, $17,500,000; pref., 6 p. c cum., $7,5(0,000, subject
to call at 110 after 3 years from issue (if lees than the whole to be paid,
the number of shares 10 be drawn by lot); par of shares, $100 each.
Dividends on pr^f. to Sept., 1904, inclusive, 6 p. c. yearly (Q.-M.), paid
at N. Y seouiity & Trust Co. On common, in 1902,8 p. c; 1903, Feb.,
4 p. c; Aug., 5% p. c. including 1$ p. c extra; 1904, 8 p. c.(F & A ) No
bonds. Piesident, William J. Rogers; Treasurer, F D. Shove; Sec,
Walter M. Gladding, 106-110 Hudson St., New Yorlr.— (V. 76, p 656.)
Improvement Co.— Successor to
Brunswick (Ga.) Dock
Brunswick Co.reorg. per plan in V. 65, p. 326; see also V. 66, p. 1034.
Stock. $.* ,0t)0,000. President, Henry E Howland, 35 Wall St.; Sec
Treas., G. A. Kraetzer Jr., 24 State St.,N.Y. (V.76. p. 812, 1357.)
Condensed Milk
;
;
1
&
&
Butterick Co.— Organization. -Incorporated in New York on
Owns stocks of various cos. publishing fashion maga-
Jan. 15 1902.
zines, manufacturing paper patterns, etc. See official statement, V.
7.% p. 237. Stock, $12,000,000, all outstanding. Div., 1 p. 0. quar. paid
Sept., 1902, to Sept
1904, both incl. Underlying bonds, $ ,200,000
Federal Pub Co. collat. 6s, due 1920, payable 10 p. c. yearly, beginning 19 0, and $600,000 Butterick Publish ng Co. 4Lj p.c.real estate
iuortgage, matuiing Sept. 7, 1904. V. 79. p. 1706. Report for cal.
year 19<'3, in V. 78, p 990, showed: Earnings of operating cos ,
$766,965; dividends, $480,000; bal., sur., $286,965. President, G. W.
Wilder: Treas.. C. D. Wilder; Secretary, R. S. O'Loughlin. Office,
Macdougal Sts., N. Y. City.— (V. 77, p.
Butterick Building, Spring
767; V. 78. p. 99«»; V. 79, p. 17o6.)
Canton
See Supp. of Apr., 1897, and V. 75, p. 292.
Cemra] Fireworks Co.— Organization,— Incorporated in New
Jersey June, 1896 Properties controlled, see V. 72, p. 341. Stock
authorized $1,750,000 eaoh of common and r p. 0. cum. preferred;
outstanding comm-n, $1,406,800; preferred, $1,267,200, No bonds.
Dividends on common: 2 p c. yearly paid Aug , 1900, to Aug., 1903,
both inol (F. &A.); in 1904, Sept, »* p.o.; on pref., 7 p 0. yearly
President, William A.
to Sept., 1904 (M <feS.) Checks are mailed
Turner; Sec and Treas.. Geo. T. Egbert. Office, 9 and 11 Park Place,
New Yoik.— (V. 78, p. 1500.)
Central Foundry,— Incorporated In New Jersey on July 11,
1899, and acquired manufactories of soil pipe said to control 95 per
cent of trade in the U. 8.; V. 69, p. 178; V. 71, p. 1?*22 Stock,$7,000,000 eaoh of com. and 7 p. 0. cum. pref., of which $350,000 of each Is in
treasury; par of shares $100. Report for year ending Jane 30, 1904,
<
,
&
Company.—
>
INDUSTRIAL STOCKS AND BONDS.
1906
in V. 79, p. 784, showing: Profits, $467,504; bond interest,
$231,780; equipment, etc, $17,289; depredation, $218,435; balance,
none. Directors Aug., 1904, V. 79, p. 905. President, Alfred Fowle Jr.;
Sec. and Treas., W.L. Rogers.— (V. 77, p. 198, 247; V. 79, p. 784, 905.)
was
Central Union Telephone (Chicago).—This company controls
the Boll Telephone business in Indiana, in Ohio with the exception of
Cleveland and Cincinnati, and in Illinois excepting Cook and f oui other
counties. A majority of the stock is held by Amef (Bell) Telephone &
Teleg. Co. Subscribers Jan. 1, 1904, 153,331. Stock outstanding Apr.,
1904, $5,450,927. V. 73. p. 901. See V. 72, p. 1190; V 73, p. 618.
Of the $6,000,000 10-20-year gold consol. 5s due Jan. 1, 1919 (Old
Colony Trust Co. of Boston, trustee), $2,500,000 are reserved for 1st
6s subject to call at 105 after July 1, 1906 (111. Trust & Savings Bank,
See
trustee). V. 73, p. 446
V. 68, p. 379, 472, 570 ; V. 71, p. 86.
also adv. in Chron. of Mar. 25, 1899. Report for 1903 in V. 78, p. 341
net, $754,948;
(Dec. estimated), showed: Gross earnings, $3,181,120;
Int., $438,7^6; bal., sur.. $316,152.
Pres., L. G. Richardson, Office
to be at Indianapolis.— (V. 76, p. 1 190, 1194, 1251; V. 78, p. 341.)
Chesapeake
Delaware Canal.—Owns canal from Delaware
City to Chesapeake City, Md. In June, 1893, bondholders were asked
to accept 4 per cent interest (in place of 5 per cent) until contingent
fund, reduced to $49,613, should again amount to $100,000. Bonds,
$2,602,950 (extended in 1886); due July 1,1916; int. J & J. Interest
Is payable at the office in Philadelphia. Report for year ending May 31,
1904, in V. 79, p. 732, showed: gross receipts, $149,627; maintenance of canal, $51,025; net, $98,602; interest charges, $104,118; deStock, $1,903,238; par, $50.
ficit, taken from contingent fund, $5,51 6
President, Joseph E. Gillingham. Office, 528 Walnut St., Philadelphia- (V. 79, p. 73*.)
.
;
&
Chicago Edison Co.— Organization.— Controls Edison patent 8
for electric lighting in Cook Co., Ill, under perpetual license from
Ed. Eiec. Light Co. of N. Y. In Jan., 1893, the Chicago Arc Light Co.
was purchase!. The Chicago Seotional Underground Co. is leased, its
$226,000 4 p c. bonds being guaranteed, principal and interest, and
interest on $34,000 5 p. c.
The Commonwealth Eleotrio Co. was
formed in May, 1898, by the same interests, to combine the several
plants operating in the suburbs. See V. 79, p. 272.
Dividends.— Dividends paid from 1889 quarterly to Nov., 1904, inclusive, 8 p. c. per annum. (Q-F)
Securities—
Outsland'o.
Last J>iv.
Dale.
Interest.
Stock, $15,0 0.000 (par $100) ....
8 Q.-F. $9,865,880 Nov. 1, '04. 2
IstM., $6,000,000, g., red par > 1896 5g..A<feO 5,500,000 July 1, 1926
beg. July 1,'10 ($1,000 ea.) 5 Int. at Merch. Loan & Tr. Co Chicago.
1893 6 "J<fcJ
1.483.000 J .n. 1. 1913
Debentures red par
J
ueoentures, red. r>ar
Co t> Chicago.
j Int at Meroh Loan & Tr
Report— Report for year ending Mar. 31 was in V. 78, p. 1546.
Orosx.
Interem.
Dividends Bat., sur.
Tear.
Net.
1903-4
$3,837,659 $1,322,619 $307,088 <H)$720,526 $29i.005
19023
319,593
3,409,576
1,213,929
300,990 (8) 593,346
President, Samuel Insull: Stc. and Treas., William A. Fox. Office
139 Adams St., Chicago.— (V. 78, p. 1546; V. 79, p. 272, 1705).
,
Chicago Pneumatic Tool Co.— Organization.— Incorporated
in New Jersey on Dec. 28, 1901, and took over the Chloago Pneumatic Tool Co.,Boyer Machine Co.of Detroit, Standard Pneumatic Tool
of Aurora, 111., etc.
Owns entire £300,000 stoofe Consol. Pneumatic
Tool Co. of London; V. 76, p. 379; V. 78, p. 1389. In Aug., 1904, the
company was proposing to manufacture electric tools. V. 79, p. 905.
StooK authorized, $7,500,000, all of one kind; outstanding. $6,032,900. Dlvs. 2 p. o. quar., paid Apr., 1902, to Jan., 1903, both inclusive;
in June, 1903,1 % p. c— the deferred April dividend; July, 1% p. c; Oct.,
lh P. c; 1904, Jan.. % p. c, making 6 p. c. for the year.
No further dividends are to be paid, probably for a year
78,
p.
V. 78, p. 104.
at least. V.
1448.
Bonds, $2,500,000
first 20-year gold 5s, ($1,000 each) due Deo. 31,
1921; outstanding, $2,240,000, $114,000 bavingjbeen redeemed by the
sinking fund; int. J.& J., at Nat. City Bank. N.Y. Central Realty Bond
Trust Co. ofN. Y, trustee. They are subject to call at 105 from
Jan. 1, 1907, or beginning Jan. 1, 1903, they may be drawn by lot at
the same price for a yearly sinking fund of $50,000. V. 74, p. 208.
Repokt.— Report for year ending Deo. 31, 1903, with balance sheet,
was in V. 78, p. 1389, showing: Net profits, $701,464; int. on bonds,
$115,000; sink. fund. $50,000; dividends (6 p. c). $361,980; bal., written off for depreciation, bad debts, etc, $174,484. Business Aug.,
1904, V. 79, p. 905.
Officers.— Chairman of Board, 'J. R. McGinley; President, J. W.
Duntley; Vice-President, W. O. Duntley; Secretary and Treasurer, S.
W. Prince. Executive Committee, J. w. Duntley, Chas. M. Sohwab, J.
R. McGinley.
Direotors (Sept., 1903), V. 77, p. 771: V 78, p. 50.
General office, Fisher Building, Chicago; N Y. office, 95 Liberty St. (V. 78, p. 104. 345, 1389, 1394. 1448; V. 79, p. 90o.)
&
Commonwealth
Kleot. Co.—Organization.— Formed in 1898 by
Interests controlling Chioago Edison Co. to serve the subuibs of Chicago. Franchise 50 years. (Compare V. 67, p. 482; V. 79, p. 214, 272.)
Securities—
Dale. Interest. Outstand'g.
Maturity.
B
000 00
l
$6,250,000
: .°.
1898 5 g. M-8
1st M., gV'North'n Trust)
5,500.000 June 1, 1943
Co., Chtoago, trustee. > Interest at company's office.
Debentures, red., text
1912 5
F-A
500,000 Feb. 1, 1917
Real estate mortgages
180,000
Additional bonds are issuable for not exceeding 75 per cent of the
cost of farther extensions or Improvements. V. 79. p. 214. Debentures are subject to call during first 5 years at lOO 1^, and thereafter at
^9WoZ
par.
:
V. 74, p. 990.
Report —Report
V. 79,
^.\
p.
Tear—
1903-04
1902-03
for year ending
March 31 was
in V. 78, p. 1546;
214.
Grots.
Net.
Interest.
Bal., surp
$1,350,999
$516 264
$275,737
$240,527
378,821
1,002,085
220,704
158,117
President, Samuel Insull; Secretary & Treas'r, Wm. A. Fox. Office,
139 Adams St., Chioago. (V. 78, p. 1546; V. 79, p. 214, 272.
Cumberland Telephone & Telegraph.— Organized In Kentucky in 1883. and operates under perpetual and exclusive license
from American Bell Telephone Co. through the entire States of Mississippi and Louisiana, the greater parts of Tennessee and Kentucky,
and a few counties in Indiana and Illinois- Am. (Bell) Telep. <fe Teleg.
Co. owns $5,176,500 of the stock. Subscribers Dec. 31, '03, 103,744.
Dividends.— From 1892 to 1897, both inclusive, 4 pc; 1898, 5; 18996; 1900, 6; 1901 to Oot., 1904, 7 per an. (1% p. c quar.)
Bonds.- These consist of $850,000 flret 5s (see table above); $239.000 20-year deb. 5s (int. F&A), due Feb. 1, 1920, but redeemable at
par, issued for purohase of People's Telephone Co. of New Orleans;
$150,000 East Tennessee Telephone gold 6s (int. J A J), due July 1,
1918. and $16,000 Ohio Valley Tel. gold 6s (int. J&J),due Jan 1. 1908.
Earnings.— Report for year 1903, in V. 78, p. 817, showed: Gross,
$3,480,042; net above fixed oharges, $1,040,092; dividends (7 p. ci,
General offices, Nashville,
$766,383; balance, surplus, $273,709.
Tenn.-(V. 76, p. 50, 161, 379; V. 78, p. 704, 8 1 7.)
Denver Ga* & Electric Co.—Organization.— Incorporated in
Apr.. 1899, as a consolidation of the Denver Consolidated Gas and
Denver Consolidated Electric Companies. Stock, $3,500,000; outstanding, $3,250 000; pat, $100. Reorganized in 1903 per plan, V. 76,
See V. 78, p. 585.
p. 812.
[Vol. lxxix.
Bonds. -Prior Hen 15-year gold 6s, due April 1, 1918, $1,000,000
($1,000 each), all outstanding, subject to call at par after 5 years, int.
A.&O.; Bankers' Trust Co., N. Y., trustee. General mortgage gold 5s,
$8,000,000 authorized, of which $2,580,000 outstanding ($1,000 eaoh)
dated May 1, 1903, due May 1, 1949, but subject to call on May 1,
1908, at par, May, 1909, at 101, May, 1910, at 102, May, 1911, at 103,
May, 1912, at 104, and May, 1913, or any interest day thereafter, at
105; int.
&N.; Trust Co. of America, trustee. Of the general 5s,
$3,260,000 are reserved te retire $1,000,000 new prior liens, also:
Underlying bonds, viz.: $1,600,000 Denver Consol. Gas ao year gold tfs, due
Nov. 16, 1911. int. J.-J. at Atlantic Trust Co.. N. Y„ subject to oall at 105; $45.OOo Denver Consol. gold deb. 6s. due Oct. I, Oil: Jo 0,0
Denver Consol. Klec.
1st gold 6s, doe Jan. 1. 10 10, subject to call: Rollins Investroei t Co. of Denver
is trustee. Int. J -J., at Chemical Bank, N. T.; flfO.^OO Western Electrical Construction Company 1st gold is, due October 4, 1915. Int. A.-O., at Mercantile
M
Trust Co., of Boston, subject to
call at
103 after 1895.
Chairman, Emerson MeMillin, 40 Wall
St.,
N.
Y.— (V.
79, p. 969.)
Denver Union Water.— A consolidation Oct., '94. Franchises
run until 1910. Owns the water supply of the city of Denver, Col.,
and vicinity. Capital stock is $5,000,000 common and $2,500,000 of
5 per cent non-cumulative preferred. Bonds, $8,000,000. The South
Platte Canal & Reservoir Co., whose stock is all owned, completed a
new reservoir in 1904, its $4,000,000 five per cent bonds to be guaranteed; the latter are subject to oall at 105, between April 10, 1910,
and April 9, 1911. V. 78, p. 231, 289. Litigation. V. 77, p. 198.
President, W. S. Cheesman; Treasurer. D. H. Moffat.— (V. 78, p.|289.)
Detroit City Gas.— Organized in March, |1898, and owns all the
gas properties in Detroit, Mich. Has;a fraoohise till 1923 from the city.
City ordinance of Dec, 1901, reducing the prioe of gas to 70 cents,
was never enforced. V. 73, p. 1266.
Stock. Authorized, $5,000,000, all
outstanding;
par, $50.
Dividends, 2*3 p. c Nov,'99; 1900, 5 p. c; 1901, May, 2^ p. c; in 1903,
5 p. c. ($241,'<:75) in 6 p. c ctfs. of indebtedness, due June 15, 1906;
int. J.&D.is at Emerson MeMillin & Co.; in 1904. June, 2*3 p. c rash.
Bonds.—The prior lien mortgage is for $6,000,000, of which $397,000 to retire the $381,000 Det. Gas 5s, not yet exchanged, and
$16,000 income 5s. Prior lien bonds are subject to call at 110. Of the
gen. 5s of 1903 (Sid ,000,000 authorized issue. Equitable Trust Co. of
N. Y., trustee.) $6 000,000 are reserved to retire the prior liens; present issue, $500,000; rtos. 1 to 1,000 mature $100,000 yearly from July
1, 1913. but are subject to call at par; if called, holder may take in
lieu of cash new bonds maturing July 1, 1923, subject to call at 105;
balance mature July 1, 1923. V. 77, p. 253; V. 78, p. 822.
For 4 months ending April 30, 1904, net, $246,711; interest charges,
$111,680; balance, surplus, $135,031.
Report. -For calendar year 1903. gross, $1,376,388; net, Including
other income, $707,507, against *605.211 in 1902; int. on bonds, etc,
$321,4'/2; bal. for stock, $3*6.035. V. 78, p. 822. Statement to N. Y.
Stock Exchange, with bal. sheet of Apr. 30, 1904, was in V. 79, p. 102.
Officers.— President, Emerson MeMillin, New York; Gen. Man.
Irvin Butterworth, Detroit. Mich. Directors June, 1904, V. 79, p.
102.-(V. 78, p 822, 2601; V. 79, p. 102.)
•»«"trott Edison Co.— Organizati n.— Incorporated in Jan., 1903,
and ab8"rbed the Edison Illuminating Co. of Detroit and Peninsular
Electric Light Co does entire electric-light business in city. V. 76,
p. 215. Controlled by Worth American Co. A new generating plant
of 16,000 horse-power is to be completed shortly. Stock authorized,
$6,000,000; par of shares, $100.
;
Bonds—
Dale.
Interest.
Outsiand'a.
Maturitu.
1903 5 g. J-J $^,375,000 Jan. 1, 1933
($1,000 eaoh)
JStanddrdTrust Co. of New York, trustee.
Remaining bonds can only be issued for not exceeding 75 per cent of
the cost of additions and improvements. V. 77, p. 2o37.
For 5 months ending May 31, 1903, gross. $227,689, agst. $190,881
in 1902; net income, $8j,832, against $84,161; interest on bonds,
1st mort., $10,000,000, g.,?
$38,301; balance, surplus, $51,531.
President, C. W. Wettnore, Secretary, S. W. Burt; Treasurer, Geo. R.
Sheldon. New York office, 30 Broad Street
(V. 78, p. 2601.)
—
Detroit IVIackinac
& Marquette
Kit,
Land Grant.—Under
the reorganization of the Det. Ma ck. & Marquette R. R., foreclosed
Oct., 1886, the holders of the land grant income bonds retained their
lien on the lands along the line of the road in Northern Miohlgan. See
The bonds are due Oct. 1, 1911, int. payable Apr. and
V. 76, p. 751.
Oot. as earned, at not exceeding 7 p.c yearly; outstanding, $1,655,000;
V. 77, p. 173,
of the bonds #1, 116.000 purchased in 1903 and 1904.
1871. 2035. 2280; V. 79. p. 627.
From Oct., 1892, to Apr., 1902. 2 dot cent interest was paid (1 p. o.
each in A & O) at Central Trust Co., N. Y.; in Oct., 1902, to Oot.,
1P04, » oth incl., 3«a p. o. each (A. & O.) See report Feb., 1879, to Jan.,
1900, V. 70, p. 684. In Aug., 1902, sale was arranged for about $1,250,000 of 1,000,000 acres [reserving for the bonds mineral rights
in Marquette County], of whicn $934,488 has been paid and $31 1,496 balance is payable on June 1, 1905, with interest at 5 p o. This
left unsold Oct., 1903, 188,622 acres, besides mineral rights on 89,747
acres. V. 77, p. 91.
In Mar., 1903, a protective committee, Jeflerson M. Levy, 20 Broad
St., Chairman, requested deposit*. V. 76, p. 707,751; V 77,p. 253, 1873.
Statement for peiiod from Jan. 1, 1902, to Oot. 1, 1903, was in V.
77, p. 8171. (V. 79, p. 268, *27, 1641.)
Dominion Coal
Common
Co.,
Limited.— Organization.— Incorporated
and bonds, see
table on a preceding page.
Steel Co. made In 1902 was anThe lease to the Dominion Iron
nulled as of June 30, 1903, the Coal Company paying $2,380,000 cash
to the Steel company for advances, etc. To provide the money a two
years' loan was arranged, prior to the maturity of which it is expected
to re-arrange the finances of the company by retiring the present bond
issue ani preferred stock through a new bond issue. V. 77, p. 2342.
As to new contract for supply of coal to the Steel Company, expiring
1992, see V. 77. p. 772. 826; V. 78. p. 1117; contract with Mass. Gas
Companies, V. 75, p. 1257. Cape Breton real estate debentures and
Dominion rolling stock debentures, $247,217 each.
Output calendar year 1903, 3,147,766 tons; in 1902,3,374,227 tons.
Divs. on pref. paid in full to Ju!y. 1904, incl. (4% J. & J.) On common stock 4 p. C.Oct. 1,1902; Jan. 1903, 2 p.c; Apr., 2p.c; July 2p c;
in Oot., 1*2 p. c; 1904, Jan., 3 p. c; in July the dividend was passed.
V. 76, p. 2601; V. 79, p. 106.
Report at length was given in V. 78, p. 1117, showing net earnings
of $1,756,024 in 1903, against $2,154,956 in 190^. Total income for
1903 (including $800,000 tental received for first half), $1,726,407;
int. on bonds, sink. fund, etc, $274,35^; dlv. on pref. (8 p. o ), $240,
000; dlv. on common (7 p. c), $l,05o,000. bal., sur.. $162,0i2.
Direotors Mar 1904, V. 78, p
President. James Ross, Montreal.
1112.-(V. 78, p. 1 1 07, 1 1 1 7, 2337, 2601; V. 79, p. 106.)
in 1893.
stock, $15,000,000; pref. stock
&
,
Dominion Iron &
Steel
Co.— Organization.— Organized under
the laws of Nova Scotia on June 17,1899; is building iron and steel
works at Sydney, Cape Breton, to have, it is said, a dally oapaoity of
1,000 tons of steel. In June, 1902, six of the ten steel furnaces were
in operation. V. 74. p. 98; V. 70, p. 1051; V. 73, p. 661, 959. See prospectus V. 72, p. 583. The rod mill was put in operation Apr. 29.
1904, to one-half of its capacity of 200 tons a day. The tail mill, 400
tons daily capacity, will probably be completed bv Jan., 1905. The
plant will have 800 coke ovens. V. 76, p. 5*4. V. 77, p. 149.
In Dec. 1903. the lease of the Dominion Coal Co. was oanoeled and
the floating debt largely reduced by cash received from the latter.
The proceeds of the $1,500,000 second mortgage bonds subscribed for
at par will be used to complete the mills under construction and other
Improvements. V. 77, p. 772, 826, 2342; V. 78, p. 1394.
Oct., 1904.J
INDUSTRIAL STOCKS AND BONDS.
Stock.— Common, $20,000,000, all Issued; 7 per oent cumulative
preferred stock ($5,000,000) subject to call at $115 per share or convertible Into oommon stock, at holder's option. V. 72, p. 778; V. 74,
D 530. Bounty decision, V. 75, p. 1402; V. 77, p. 149; V. 79, p 502.
Div. on pf., 3ifl p.c, Oct 1, 1901; In 1902, 7 p. c. (A.&O.); 1903, Apr.,
313 p. 0.; none since to Oct., 1904. V. 77, p. 826.
Bonds.— Trustee of 1st mort., Nat'l Tr. Co. of Ontario, Montreal, Can.
Bonds mav be purchased or oalled (drawn by lot) at 110 and inerest for sinking fund or in such amounts as may be desired on July
1 yearly. V 71. p. 1122. The *2,500,000 second mortgage 6 per oeut
bonds (of which $1,500,000 were sold at par) mature $250,000 yearly
on Oct. 1, beginning 1905. V. 76, p. 1241, 1357, 1410; V. 77, p. 149.
630, 826.
Report.— Fiscal year now ends Dec. 31. Report for 8 months ending
Deo. 31, 1902, in V. 76, p. 1140. President, J. H. Plummer, Montreal;
Vice Presidents, Frederic Ntcholls and L. J. For«et, Montreal. Direct
ors. May. 1903, V. 74, p. 832; V. 76, p. 1087; V. 78, p. 105.- (V. 78, p.
105, 1112, 13*4, 2337; V. 79, p. 502.)
Edison Klectric Illuminating Co. of Boston.—Organiza-
tion.- Incorporated in 1886. In 1903 controlled entire electrio light
business of city. V. 75, p. 1251; V. 76, p. 1251, 1303
Stock.— In July, 1903, the company was authorized to issue $2,000,000 new stock at $200 per share for improvements and acquisition of
suburban properties. Of the latter, $945,400 was subscribed for in
January, 1904, raising the amount outstanding to $10,444,500, and
praotically all of the remainder Is expeoted to be Issued late in 1904.
V. 77, p. 149, 1743, 2392; V. 79, p. 215.
Dividends.— In Feb., 1901, 3 p. 0., including 1 p c. extra; May,
1901 to Nov., 1904, both Inclusive, 10 p. 0. yearly (paid Q.-F.)
Bonds.— Bonds are $289,000 Boston Electrio Light 1st 6s (Int.
&S.) due Sept. 1, 1908,| $961,000 first consol. gold 5s (authorized
issue $1 .250,000) due Sept. 1, 1924, $42,000 Milton Light & Power 5s,
due 1917, and $50,000 Someryille Elec Light 5s, due 1913.
Report.— Report for year ending June 30, 1903, In V. 77, p. 1743:
Net. Other inc. Interest. Divid'dg. Bat., sur.
Qross.
Tear.
1903 04.$3,1/ 5,517 $1,115,825 $37,396 $102,408 $973,405 $77,408
984,724 32,502 151,303 804,668
61,255
1902-03. 2,667,809
Officers.— President, Charles L. Edgar; Treasurer, Henry B. Cabot.
(V. 79, p. 215, 1643.)
Office, 3 Head Place, Boston, Mass.
M
Electric Boat Co.— Organization.— Incorporated in New Jersey
on Feb. 25, 1899, and acquired all of the capital stock of the
Electrio Launch Co., the Holland Torpedo Boat Co. and the Eleotro-
Co., etc. V. 69, p. «97, Par, $100. Issued, common, $4,999,Div. onpref.,
V. 69, p. 697.
600; pref. 8 p. c. non cum., $2,577,f>00.
2 p. c. quarterly, paid Oot.. 1903. to Oct., 1904, both Inch President,
I. L. Rice, 100 Broadway.— (V. 71, p. 32, 1271; V. 77, p. 513.)
Dynamio
Electric Co. of America.— Organization.—Incorporated in Jan.,
New Jersey. V. 68, p. 85. In 1899-00 purchased control of
See list, V. 70, p 943
V. 74, p.
electric light plants in several cities
325; V. 73, p. 238, 289, 495; V. 79, p. 106. Stock, $5,000,000, of which
$4,078,780 issued; par of shares, $10 each, to be ohanged to $50. V.77,
1899, in
;
p.
1
296.
21, 1902, the remaining $2 50 per share was paid In,
full paid, an extra dividend of $1 50 per share
being paid at the same time. V. 74, p. 777, 832, 1310. The only
bonds are $84,000 Canton (O.) Light, Heat & Power Co. 6s, $308,000
Auburn (N.Y.) gold 5s. $1 00,000 Scranton Illuminating, Heat Power
5s, due M*r. 1, 1923, butsubject to call after 1913, and $50,000 Muncie
Electrio Light ts. V. 73 p 238, 495, 1088; V. 79, p. 106.
Dividends.— 50 cts. per share, each paid July, 1899. to Jan. 21, 1901,
inclusive (J.-J); July 31, 1901, 25 cts.; Jan. 31, 1902, 25 cts.; July 15,
1902, (extra dividend) $1 50 (see above); Aug. 18, 1902, 25 cts.; Jan.
31, 1903, 30 cts.; Jan. 2". 1904, 30 cts.; July 30, 30 cts. Status Apr.,
1903, V. 76, p. 921. Report for 1903 was in V. 78, p. 1547, showing
total net income, $398,979, against $352,479 in 1902; dividends paid,
$244,7 16; bal., but., $154,263.
Officers.— President, A. Loudon Snowden; Vice-Prest., John H.
Catherwood; 2nd Vice-Prest., H. T. Hartman; Sec. & Treas., Frank B.
Ball. Directors, V. 74, p 886 Office, Land Title Bldg., Phila.— (V. 76,
p, 1190; V.77, p. 198, 300, 1296; V. 78, p. 1547; V. 79, p. 106.)
Empire Steel Iron Co.—Incorporated in New Jersey on March
14, 1899. V. 68, p. 524.
Dividends at rate of 6 p. 0. per annum paid July 1, 1899, to July 1,
1900; 1901 to Jan.. 1903, 3 p.c yearly (J.& J.); July, 1903, 2 p.c;
1904, Jan., 1 p. c; July, 1*2 p. c.
Report.— Report for year ending Deo. 31, 1903. wasin V. 78, p. 1390,
showing net earnings (over $?9,878 charged off for depreciation),
$30 -.651; imp'ts charged off, $196,846; dividend (3 p. c) on pref.,
$75,000; bal., sur., $36,804; total surplus Dec. 31, 1903, $165,443.
President, Leonard Peckitt, Catasauqua, Pa.; Sec, J. M. Fitzgerald.
Catasauqua, Pa. New directors. Feb., 1903, V. 76, p. 482.- (V. 76,
p. 1353,1357.1410; V. 78, p. 50, 705, 1390.)
On July
making the stock
&
&
Equitable Illuminating: Gas Light Co. of Philadelphia.—
Organized in 1898 by United Gas Improvement Co., which owns a
majority of the stock, to operate the gas works leased from city of
Philadelphia. See full particulars in V. 66, p. 426. Common stock
issued, $3,125,000 preferred stock, 4 per cent for first year and 6 per
cent thereafter, $3,125,000. Sinking fund of $124,000 yearly is to re
tire bonds at 105; and beginning in 1908 the Improvement Co. agrees
to create a sinking fund to retire the stock in 1928, when the property
Lease may be terminated by city in 1908 on
Is to revert to the city.
;
making certain payment.
Dividends.
)1898. 1899. 1900. 1901. 1902. 1903. 1904.
4
6
6
6
6
6 (Deo.) ..
Pref erred, per cent ) 4
6
6
6
6 6 (J.&D.) June,3
—(V. 75, p. 1256; V. 77, p. 253, 1535, 2161; V. 78, p. 1552;.)
Common, per
cent. >
Fort St. Union Depot (Detroit)— See Scpplem't of April, 1897.
Great Lakes Towing Co.— Organization.— Incorporated inNew
Jersey on July 6, 1899, as a consolidation of towboat companies along
the Great Lakes. See V. 69, p. 79, 593; V. 72, p. 778. Stock authorized, common, $2,500,000; pref., 7 per cent non-cum., $2,500,000. Issued Apr., 1901, $1,675,000 common and $1,852,850 preferred. Par
of shares $100. Inl9007%div. on pref. was paid; in 1901, Feb. and
May, none; Aug., 1901, to May, 1902, 7 p. c. yearly fQ.-F. 20); none
since to Apr., 1904, Pres. and Treas., Edward Smith, Cleveland, O.
—(V. 73,
p. 187.)
Havana Tobacco Co.— Organization.— Incorporated in New
Jersey on May 28, 1902, and acquired per plan V. 74, p. 1142 control of
the Havana Commercial Co., Henry Clay & Bock & Co. Lim.H. de
Cabanas y Carbajal and J. 8. Murias y Ca. Controlled by the same interests as the American and Continental Tobacco comp inies.
Stock, common. $,^0,000,000; pref. 5 per cent non-cum., $5,000,000,
all outstanding; par of shares. $100.
Bonds, $10,000.( 0> twenty -year
gold 5s, of which $2,500,000 to remain in treasury— (V. 76, p. 1249.)
Herring-Hall-Marvin Safe Co.— Organization.— Incorporated
in New Jersey on Aug. 3,1900, as successor Deo. 20, 1900,per plan in
V. 68, p. 232, and V. 70, p. 689, of Herring-Hall-Marvin Co. V. 71,
p. 238. Stock, common. $1,650,000; 7 per cent non-cum. 1st pref.,
$600,000 and 7 per cent non-cum. 2d pref., $1,050,000; parof shares,
$100. Gold debenture notes, $230,000 of 6 per cents. V. 78, p. 1395.
Balance sheet of Dec. 31, 1903, in V. 78. p. 819. Pres.. H. A. Tenney.
directors, Feb.. 1904, V. 7«, p. 432. Office, 400 B'way, N. Y.— (V. 76
p.
438; V.
78, p.
819, 1395.)
1907
International Automobile & Vehicle Tire Co.— Organization.— Incorporated In New Jersey in April, 1899; factories are at
Chelsea and Newton, Mass. (see V. 68, p. 772). Stock authorized, common, $1,500,000; pref., 7 p. c. cum., $1,500,000; par of shares, $. 00
each. On Mar 1, 1900. $2,368,000 stock had been issued. Bal. sheet
Mar. 1, 1900, V. 70, p. 999— (V. 68, p. 772; V. 70, p. 999.)
International Nickel Co.— Incorporated in New Jersey Mar. 29.
1902, and acquired control of Canadian Copper (& Nickel) Co., with
plant at Copper Cliff, Ont. (new plant, V. 77, p 952); Nickel Corporation of London, with mines at New Caledonia, and the Orford Copper
Co. of Bayonne, N. J., American Nickel Co. of Camden, N. J., with
their subsidiary companies. In Dec, 1902, control of the Nickel Corporation of London was acquired. V. 75, p. 1205, 1257.
Stock & Bonds.— Stock authorized, $12,000,000 each of common
and 6 per cent non-cum. preferred; outstanding, $8,912,626 of each.
Bonds, $12,000,000; 1st gold 5s, due Apr. 1, 1932; subject to call at
110; int. A <fcO. at N. Y. Security & Trust Co., trustee; outstanding,
$10,221,837.
Report.— Report for year ending Mar. 31, 1904, in V. 78, p. 2008,
showed total net income of constituent cos. (excluding two in New
Caledonia), $854,040; int. on bonds, $512,938; bal., sur $341,102.
Officers—Chairman of board, Robert M. Thompson; President,
Ambrose Monell; Sec, Stephen H. P. Pell; Treas.. James L Ashley.
Directors in 1904. V.74, p. 730; V. 78. p 2387. Office, 43 Exchange PL,
N.Y-(V. 77, p. 952, 1297; V. 78, p. 2008, 2387.)
International Power Co.— Organization.—Incorporated in
New Jersey on Jan. 14, 1899. Owns Corliss Steam Engine Works of
Providence, R.l , V. 68, p. 671; also on April 30, 1902, $3,211,300 preferred and $661,300 American Locomotive Co. common stock and $75,425 each of common and preferred American Diesel Engine Co. The
American Wheelock Engine Works were sold in 1904. V. 79, p. 503.
Stock, Etc.— Common stock authorized, $7,400,000; outstanding,
$5,047,000; pref., 6 p. c cum., $600,000; parof shares, $100. Firstmort.
bonds, 4s, $200,000, were issued in 1899 on property since sold (see
,
Co.), and $140,000 mortgage on Corliss plant.
pief., 6 p. 0. for 1899, was paid March 15, 1900;
Am. Locomotive
Dividend on
1900 and l^
on
May
quarter of 1901; 1902,
May, 6 p. c and2^ p. 0. for first quarter of 1902 in 1901. Oct. 15, 3
p c; Dec 1, 3 p. c V. 79, p. 1644. First dividend on common, 2^ p.c.
paid May 20, 1902. See statement, V. 70, p. 432.
Report.— For year Ending Deo. 31, 1901, with balance sheet of
April 30, in V. 74, p. 1132, showed total net income (including interest
on Amer. Locomotive stook owned, etc), $292,796; interest, $47,328
div. on pref. stock (6 p. c), $36,000; bal., sur., $209,468. Pres., Joseph H. Hoadley, 78 Broadway, N. Y. Directors, June, 1901, V. 72, p.
1240.— (V. 78, p. 345; V, 79, p. 503, 1464, 1644
Jersey.—Property consists of
Iron Steamboat Co. of
seven iron steamboats. Incorporated in New Jersey in Aug., 1902, as
successor, per plan V. 74, p. 778, 887, to the New Jersey company of
the same name, foueclosed Aug. 6, 1£02. V. 75, p. 293, 397.
For year ending Oct. 31, 1903, gross receipts were $3 1 1,523; operating expenses, $156,432; construction and repairs, »95,986; terminal
charges, $16,218; interest on bonds, etc, $27,815; bal., sur., $45 072.
Stock,$400,000; par of shares, $10 eaoh; outstanding, $292,790. Bonds
are $100,000 prior lien 30-year 5s (given for assessment of same
amount on the* old bonds) and $500,000 gen. or 2nd 30-year 4s, all
redeemable at par. Bonds may be called yearly for sinking fund.
See V. 74, p. 778. President, Allan C. Washington.— (V. 77, p. 2101.)
15, 1901, 6 p.
c.
for
p. 0. for first
;
New
Jefferson & Clearfield Coal & Iron Co.— Organization.—
Organized under the laws of Pennsylvania in May, 1896, to acquire
the coal and other properties of the Bell, Lewis & Yates Coal Mining
Co. See V. 62, p. 908; V. 63, p. 115. In Aug., 1902, 5,500 acres of
coal lands and coal rights in Indiana Co., Pa., were purchased. The
securities of the company are included in the table on page 21
of this Supplement. The present capaoity of the mines is about 10,000 tons per day, but the greatest amount so far mined and shipped
in one year was 2,595,161 tons.
Stock.—The $1,500,000 common and $300,000 of the $1,500,000 ol
5 p. c non-cumulative preferred stock is owned by the Rochester &
Pittburg Coal & Iron Co. (the common being mostly pledged as security for its bonds, V. 75, p. 1357), which places the control of the
output of the property with the Buffalo Rochester & Pitts. Ry. Co.
Dividends —On preferred In 1897, Aug., 5 p. c; 1898 to Aug., 1904,
5 p. c yearly (F. & A.). On common, first dividend, 2 p. c, paid Aug.
c
15, 1900; in Aug., 1902, 5 p.
Bonds.—Trustee for first mortgage is the Guaranty Trust Co. of New
York; for the second mortgage, the United States Mortgage
Trust
Co. The sinking fund is 3 cents for each ton of coal mined, the payments not to be less than $50,000 per annum, and the bonds to be drawn
at 105 and aocrued interest, if not purchasable for less. Any bonds so
purchased or drawn are to be held uncanceled by the trustee, and the
Interest on them invested for the sinking fund. It Is estimated that
with these accumulations the firsts will be retired in twenty-three years
and the seconds in twenty-eight years and six months.
As further security for the bonds there is pledged with the Guaranty
Trust Company of New York, Reynoldsville
Falls Creek RR. Co.
&
&
mortgage 6 per cent bonds $170,000, and $170,000 stock being the
total securities on about 28 miles of track connecting the mines at
Falls Creek with Buff. Roch. & Pitts.Ry., Penn. RR., Erie RR.. Western N. Y. & Penn. RR.— (V. 75, p. 188, 1357.)
first
Jonrneay & Burnham.— See plan. V. 70, p. 1293; V. 74, p.
Kansas City, Mo., Gas Co.— Organized in April, 1897, In
580.
Mis'
Bourl and acauired all the property, franchises, etc., of the Kansas City
Gas and Missouri Gas Co's. Capacity of 5,500,000 cubio feet a day.
Capital stock, $5,000,000, of which United Gas Impt. owrxs a majority:
par, $100. Bonds outstanding, $4,087,000 gold 5s. due April 1, 1922,
subject to call at 105. Interest is payable A. & O. at N. Y. office of
Guaranty Trust Co. or M. & N. in London. V. 65, p. 27 7; V. 67, p. 28.
Report for year ending April 30, 1904, V. 78, p. 238 2, 2445. Net,
$373 534; Int., $197,979; bal., $17 5,555. Pres., Hugh McGowan.-(V. 78,
p. 2445.)
Knoxville Gas Co.— Organization.— Owns gas works having
daily capacity of 400,000 cu. ft., being inoreased to 1,000,000 cu.
mains 33 miles In length; franchise expires Oct. 1, 1953.
ft.;
Stock Common, $300,000; pref., 6 p. 0. cum., $100,000; par
shares,
$100 each. Dividends on preferred paid A. * O.
of
Bonds. $600,000 (of which $350,000 outstanding) 1st 30-year gold 5s
($1,000 eaoli); inr. payable Apr. and Oct. 1 at Farson, Leach & Co.,
New York or Chcago; United States Mortgage & Trust Co.. N. Y.,
trustee. Bonds are subject to call at 103 after Oct., 1, 19 3; from Oct.,
1913 to 1922, both incl., *5,o00 must be called annually at 103, and
thereafter $10,000 annually. See V. 77, p. 12 »7. For 6 mos. ending
Sept. 30, 1903, gross. $42,720; net earns, applicable to Int.. $15,100.
For year ending Mar. 31, 1903, gross, $78,109; net, $28,857. Pres.,
G. G. Olmsted; Sec. and Treas., John E. Hood.— V. 77, p. 1297.)
<
Lake Superior Corporation.— Organization —Incorporpated
in New Jersey on May 19, 1904. as successor per plan V. 77, p. 1296,
p 1784,1909, to the Consolidated Lake 8uperior Co. The
$1 ,000,<>00 cash working capiral. Owns
directly or through its ownerchip of the Ontario Lake Superior Co.
all tne capital stock of the various corporations centering about Sault
8te. Marie, Canada. (See Jist in Section of Jan 1904.)
Bounty on
and
V. 78,
new company will begin with
,
steel rails, V. 79, p. 906.
The plants
Status Sept., 1904, V. 79,
p.
1268.
Bessemer steel works and ra-1 mill with capacity
for producing about 500 tons of rails per day; two blast furnaces of
about 400 tons daily capaoity; by-product charcoal plant of 20 retorts
include:
INDUSTRIAL STOCKS AND BONDS.
1908
IVIonon^aliela River Consolidated Coal
and 56
bee-hive kilns: Helen iron ore mine; 106 miles of railroad completed and in operation; 8 ore, freight and passenger steamships,
nickel and copper mines and smelters, ferro-nlokel roasting plant, sulphurous aoid works; machine shops, forge, iron and brass foundry, carbuilding shops, two saw-mills of 160,000 feet daily capacity, veneer
ground wood pulp mill of dally capacity of 100 tons;
mill;
sulphite pulp mill of 60 tons daily capacity, water works and eleotrio
light plant; two eleotrio street railways; two water-power canals of
60,000 and 20,000 horse-power. See also V. 76, p. 656, 1410; V. 77, p.
193; V. 79, p. lt>26.
Bonds.— The collateral trust 5s of 1904 ($10,000,000 authorized)
are secured by all the property of the company, including the equity
over the lien of th" $2,000,000 Canadian Improvement notes (see
below) in the securities deposited thereunder, upon payment of which
the bonds will become a first lien thereon.
The Canadian Improvement, Co. (V. 78, p. 1551. 1784), which provided the balance of the cash' requirements of the plan above the
amount received from all other sources, including $1,000,000 cash
working capital, has secured from the Province of Ontario a guaranty
of its *2,000,000 two year 5 percent notes, due Mav 1, 1906, sold at
par. Under this loan there has been depo-ited with the Mort n Trust
Co. of New York, as trustee, all of the stocks and bonds (see V. 77, p.
771,) of the Algoma Central & Hudson Bay Ry. Co. and of the Manitoulln & North Snore Ry. Co and the note of the Algoma Central &
Budson Bay Ry. Co. for $?25,000, due July 1, 1903, indorsed by the
Algoma Commercial Co .Ltd and by the Consolidated Lake Superior
Co., and secured by mortgage on certain vessels and shipping prop
erty, to be held by the trustee as collateral until the payment of the
loan, whereupon all of the collateral deposited under said notes is to
be deposited as further security under the new fu>t mortgage bonds.
Underlying bonds, *1,013.572, additional to $3,500,000 Mich. Lake
Superior Power 1st 5s, shown in table on a preceding page, see V. 77,
p. 771, 193, and V. 76, p. 682.
Report.— Report for the year ending June 30, 1902, was given at
length in V. 75, p. 682. Estimated earnings see V. 77, p. 193, 1532; V.
78, p. 1909.
•
,
,
Directors.— Charles
D. Warren (President). Toronto: Charles E. Orvls,
York, and Tnoruas J. Drummond, Montreal (Vice Presidents); John T.
Terry Jr. (Treasurer), New York: Francis B. Reeves. J. Tatuall Lea and
Charles S. Ulnchman of Philadelphia; Dumont Clarke, New Vork; Geo, B.
Turrell. Orange, N. J
N. W. Rowell, Tor. nto, and K.H. Clergue and Edmund
Q. Trowbridge, New Haven. New York office. 100 Broadway.
—(V. 78, p 2388; V. 79, p. 215, 683, 905, 1026, 1268.)
New
:
IVIadison
Square Garden. —Owns in
fee a block of land in
New
York City and building thereon. Stock, $2,000,000 (par, $100).
Bonds.— $1,250,000 first 20-year gold 5s, due Nov. 1, 1919, and
$750,000 2d gold 6s; last coupon paid on latter being that of Nov.,
1896, in Feb., 1897. Merc. Trast Co. of N. Y., trustee. Second mortf;age bondholders' committee: F. K. 8turgis and W. C. Gulliver ; depostory, J. P. Morgan & Co.— V. 65, p. 620.
Directors (May, 1904) : F. K. Sturgis, J. Pierpont Morgan, D. O
Mills, Charles Lanier, H. H. Hollister, W. F. Wharton, Stanford
White, W. C. Gulliver, |James T. Woodward, Adrian Iselin Jr. and
James C. Young.— (V. 67, p. 690; V. 68, p. 85; V. 71, p. 137.)
Beach Hotel Ac Land (Limited).—Owns the real
and premises known as Manhattan Beach, with the Manhattan Beach and Oriental hotels, music amphitheatre, tirewoiks
enclosure, bicycle track and other buildings, 446 acres of land,
Stock, $2,000,000, of which $500,000 is preferred 5 per cent
<fcc.
lllanhattaii
©state
non-cumulative; preferred outstanding, $500,000. Bonds, $1,500,Central Trust Co.
4s, due Nov. 1, 1940; int. M. & N
of N. Y., trustee. On May 1, 1904, the $225,000 scrip certificates
representing funded coupons was paid off. V. 78, p. 1785. N. Y. office,
000 general gold
;
192 Broadway.— (V. 78,
p. 1 785.)
Manufacturers' Light
Ac
Heat Company, Pittsburgh.—
Organization. -Incorporated in Penn. on Nov. 28, 1899. Owns
448,976 acres of gas lands, of which 338 000 not yet drawn upon In
Jan., 1904. In Dec, 1903, new trunk pipe line extension into West
Virginia was completed. V.76, p. 1252; V. 78, p. 986.
Stock. 8took authorized $25,000,000, as inoreased June, 1903; outstanding, $21,000,000; par of shares, $50.
Dividends.— Dividends, 1>« p. a, quarterly, paid July, 1903, to Oot.,
1904, both incl.
Interest.
Outstand'g.
Bonds.—
Date.
Maturity.
Ft
Pitt
Gas
due
g,
1st
M
vearly ($1,000 ea
M
1
$100,00ol 1900
U.PI
)
f
6gJ30&D
Int. at T.
Mr lion
$900,000 ToJune30.* 11
Bank, Pittsburgh.
& Sons'
J
t
6
$550,000 To Jan., 1915
i^OOfK)'ve a Hv'feoo U900 6g J&J
&o eaohf *„f .....' > Int> at Un,on TrU8t Co -' Pittsburgh, Pa.
6g.-F&A
^OO^OO^Vue^oO-^ 1903 at Colonial $1,657,000 ToFeb.,1916
Tr Co - Pittsburgh., Pa.
SoCVe^iy"($1^00ea'h) 5 Iut
New mortgage, $$6,500,- £ 1903 5 g.-M&N $6,468,000 To May, 1918
000, g V. 76 p 1252 J Int. at Union Trust C, Pittsburgh.
Wheeling coll. bds. (several series) are subject to call from 102 to 105.
Report —Report for calendar year 1903 in V. 78, p 986. showed
,'
.
-
"
groes earnings, $4,500,000; uet, $^,676,087: surplus over 6 per cent
on stock, bond interest and retirement of $202, uoO bonds, $1 011,741.
B. Beatty; Secretary and Asst. Treas.,
Officers —President,
H. E. 8eibert; Treasurer, E H. Myers. Office, Farmers' Bank Bldg.
Fifth Ave. and Wood St., Pittsburgh, Pa.— (V. 78, p 986.)
H
Company.—Incorporated in February,' 1897, to manu
products from cornstalks— see V. 65, p. 235, for uses of product.
Common stock authorized, $35,000,000; outstanding, $33,962, 200.
Pref. stock. 6 p. c. cum., authorized, $15,000,000; issued, -61,547,000.
Report 1903 in V. 78, p. 767. Io Dec, 1903, sold majority interest in
International Smokeless Powder& Chemical Co., receiving in exchange
42,565,000 Dupont International Powder Co. 8 p. o. preferred stock
(cum. as to 5 p. c ) and *120,000 collateral trust 5 p. o bonds; of the
preferred stock, $500,000 was sold for 8400,000. Most of Marsden
pref has been exchanged for Dupont pref. on basis of two-thirds in
amount of Dupont stock. V. 77, p. 2393; V. 7^, p. 767. Owns entire
stock of American Milling Co., with plants at Riverdale, Chicago and
Peoria. V.-74, p. 35, 1354; V. 78, p. 767. President, E. G. Buokner.—
V. 77, p. 2393; V. 78, p. 290, 767.)
ITIarsden
f acture
.
Milwaukee Gas Co.— Organization.— Incorporated
in
1852.
Has perpetual franchise. V. 74, p. 1199. On July 1, 1904, the price
of gas was reduced. V. 78, p. 2602. The American Light <& Traction
Co owns praotlcally the entire stock. Dividends at 6 p. c. yearly
(J&J) were paid for
many
years to July, 1904, inclusive.
Date.
Int.
Outitand'g. Lail div ,etc.
Secdritiks—
Stock, $1,500,000 author. \
ciA-r * 1 3 8°.150 Julyl/04,3
t„i„ i mj o
6J&J «i
(par, $50;
i
7,00,000 May 1, 1927
1st M., $10,000,000, g.,) 1902 4g
red. 110 ($l,000ea. C..c"5Int.at J. & W. Seligman & Co., New York.
Of the $3,000,000 bonds remaining unissued, $100,000 is reserved
to take up $80,000 Offloe Co. 5 per cents, subject to call after 1905,
and the remaining $2,900,000 can only be Issued at par for 80 per
cent of the actual cost of extensions and improvements. See V. 78
p. 481, 1199; V. 79, p 631.
Net earnings for calendar year 1903, $620,879; int. charge Is now
$284,000. In 1902, net, $625,273— (V. 78, p. 2602; V. 79, p. 215, 631.)
.
M&N
mnun
[Vol. lxxix.
Ac
Coke Co.—
(" RiverCoal Consolidation.")— Incorporated in Penn. in June, 1899, to
consolidate ooal interests along the Monongahela River, and coal traffic to New Orleans, etc., including 200 steamers and 4,000 coal
boats and barges, and coal elevators, etc.
Owns between 36,000 and 37,000 acres of coal.exclusive of surface. See constituent
concerns taken over Oct. 2, 1899, V. 69, p. 1065; tee also V. 72, p.
876, 939; V. 74, p. 99. In May, 1901, purchased eleven-twelfths of
stock of Porona Coal
Iron Co., owning about 20,000 acres of coal
lands in Walker Co., Ala. V. 76, p 264. Corona Coal & Iron guaranteed bonds. V. 78, p. 1278. In July, 1904, acquired the steamboat
and barge ooal carrying line between Greenville, Miss., and New
Orleans, including boats, rights of wav, etc. V. 79, p. 216.
In ,«ept., 1903, the Pittsburgh Coal Co. purchased $15,000,000 of the
$20,000,000 common and $2,500,000 of the $10,000,000 preferred
stock at $15 and »45 per $50 share, respectively. The two properties
will be operated under their own charters. V. 77, p. 630, 774, 1297,
1750.
Dividends on pref., 7 p. c yearly, July, 1900, to Jan., 1904' (J. -J);
in July, 1904, the dividend was passed
V. 79, p. 216. A sinking fund
of 5 cents per ton of 1 -a inch coal mined and shipped will retire bonds
annually about Dec. 1 if purchasable in the open market at a reasonable price; to Nov. 1, 1903, $650,000 were canceled.
Report for period ending Oct. 31, 1903, with balance sheet, was rn
V. 78, p 285, showing undivided profits over all charges and dividends on pref. of $H21,572; total surplus Oct. 31, 1903, $1,958,669.
President, F. L Robbing Treas.. Geo. I. Whitney, Pittsburg, Pa. Directors, 1903, V. 76, p. 269; V. 77, p. 1750.— (V. 79, p. 216.)
&
Power
Heat
Montreal Light,
Co.— Organization.—InAc
corporated by special Act ol Quebec Legislature Mar. 2-, 190 L. Controls the gas. electric light and po wer business of Montreal and suburbs; slso two hydraulic stations lor generation of electricity, in
operation in the fall of 1903, to have a oapacity of 28,0 10 horse power,
viz.: one hydraulio plant, Laohlne, Que., and one at Chambly, Que.
controls output for island of Montreal of Shawlnigan Water Power
Co. Properties owned, see V. 74, p. 580; V. 75, p. 238; V. 76, p. 923.
Dividends on stock, 4 p.
yeaily to Aug., 1904, inclusive (paid Q-F).
—
M
c
Securities
Dale. Interest. Oiitttand'a. Last div., etc.
Stock, $17,000,000 (par $100)
$17,<>00 000 Aug.15,'04,1
Q-F
1st & coll. tr.
$7,500.000, ) 1902 4i« g.J&J 4,316,000 Jan. 1, 1932
c* $ Subject to call at 105 after Jan. 1, 1912.
g. ($1,000 each
Lachine s. f. M.. $4,000,000. ) 1903 5 g. A&O 3,437,000 Apr. 1, 1933
c* $ Subject to call at 105 after Apr. 1. 1913.
g. ($1,000 each)
Royal Trust Co. of Montreal is trustee of both mortgages, interest
being payable in Montreal at the Bank of Montreal or in New York.
Of the 4^8 of 1902. $1,124,000 are reserved to retire an equal
amount of underlying bonds and $2,876,000 for improvements. The
unissued Lachine bonas are reserved, viz., to pay for balance of subcompany stocks, $7,000, and to retire sub-company bonds, $279,000.
List of underlying bonds and description of mortgages, V. 74, p. 580;
,
V. 75, p. 238; V. 76, p. 923.
Report.— Report for the year end. Apr. 30, 1904,was In V. 78, p.2597
Tear.
Set.
Gross.
Interest.
Dundrnds
Bal., sur.
1903-4... $2,589,447 $1,345,760 $461,746 (4%)$680,000 $204,014
1902-3... 1,937,560
900,873
182,205
39,334
(4%)679,334
Officers— President. Herbert S. Holt; First Vice-President, W. Mo-
Walbank; Second Vice President, Rudolph Forget; Sec-Treas., H. H.
Henshaw. Directors, V. 74, p. 580.— (V.78, p. 106, 2597-)
National Enameling Ac stamping Co.—Organization.— In
oorporated in New Jersey on January 21, 1899. See prospectus in V
68, p. 187, and official statement in V. 76, p. 1405; V. 77, p. 403.
Div. on pref., 1899 and 1900, 7 p. c; 1901, Apr., 1% p. o.; JuneaO, 1%
p.c; Oot. 1, 1% p.o.; 1902 to Oct., 1904, 7 p. o. yearly (Q-J.). On
common, 1902 to Oct., 1904, 4 p o. yearly (Q-J.).
Report for year ending June 30, 1904, was in V. 79, p. 731, showing,
net, $884,055
dividends on pref. (7 p. c), $598,262; div. on oom. (4
L.
;
p c),$62*,672; leaving a balance of $337,879; total surplus, $1,005,751, and $750,000 general reserve aocoun'. President, Fred'k G. Nledringhaus; Sec, Wm. H. Matthai; Treas.. Jas E. Ingram. N. Y. offloe,
83 Fulton St.— (V. 77, p. 399, 403; V. 79, p. 731.)
National Rice JUllling.— See full statement V. 55, p. 49; V. 71,
p. 1123, 1223; V. 72, p. 91, 135, V. 73, p. 1163.
National Salt Co.— On May 25, 1904, the properties in New York
State were bid in at receiver's sale by the International Salt Co., the
sale being confirmed.— (See Section of April, 1904, and V. 79, p. 216.)
National Sugar Refining of rv«»w Jersey.— -Incorporated in
New Jersey on June 2, 1900, and took over the New York Sugar Refin
lng Uo.'s (Doscher) refinery, Long Island City, the Mollenhauer refinery, Brooklyn, N. Y., and the National refinery, Yonkers, N. Y. The
oapacity of the new company is 10,000 barrels daily. V. 70, p. 1098;
V. 71, p. 31; V. 77, p. 1877. Stock, $10,000,000 6 p. o. cumulative preferred and $10,000 000 common stock; all outstanding; par of shares,
$100. Div. on pref., Us p. c. (Q.J.), paid Oct. 2, 1900, to Oct 3, 1904,
President, James H. Post.— (V. 77, p. 1877.)
incl. No bonds.
York mutual Telegraph.—Sucoessor 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, which owns $2,385,700 of the $2,500,000 stock.
New
New York
Ac
Oueens Electric Light
Ac
Power Co.— Organ-
ization.— A consolidation. Incorporated in July, 1900; supplies entire borough of Queens outside of Rockaway. See V. 72. p. 1039.
Stock and Bonds.— Stock, common and pref. 5. c non-oum., $1,250,000 each, all issued. Par of shares, $100. Bonds, $2,500,000
30-year gold 5s, dated Aug. 1,1900; int. F<feA; Union Trust Co., N.
Y., trustee. Of the bonds $2,272,000 are outstanding, $78,000 are reserved to retire the $78,000 N. Y. & Queens Gas & Eleo. gold 5s, due
Jan. 1, 1949, and $150,000 for extensions.
Earnings.— For year ending Aug. 31, 1902, gross, $307,669; net,
$137,027; interest. $116,775; bal sur., $20,252
Directors.— Frank Tilford, H. E. Gawtry, Henry R. Wilson, James
T. Pyle, Julian D. Falrchild, Abram M. Hyatt and L. B. Gawtry, of
New York, and John Day Jackson, New Haven, Conn. Frank Tilford,
President; Henry R. Wilson, 1st Vioe-President; H. L. Snyder, Sec'y
and Treas. N. Y. office, 208 Fifth Ave.— (V. 76, p. 1252.)
New York Telephone.—In 1896 this company took over the
business of the Metropolitan T. & T. Co, with exclusive rights under a
perpetual license from the American Bell Telephone Co. to the telephone business in city of New York and suburbs.— V. 63, p. 229.
Controls Empire City Subway Co.. V. 76, p. 50. In 1901 stock was
inoreased from $16,000,000 to $30,000,000 (par, $100) of which
American Telephone* Telegraph Co. owned $19,329,400 and Western
Union Telegraph Co. on July 1 1902, $6,164,300; in Dec, 1902, au,
thorized issue
was inoreased
to $50,000,000. V. 71, p. 139, 290. Divip. c yearly. V.71, p. 139, 290; V. 76, p. 51.
dends paid in 1899 and 1900. 6
New York Transportation Co.— Organization.— Incorporated
New Jersey on Feb. 21, 1899, and operates under license from the
Electric Vehicle Co. Name changed as above Jan., 1902. Stock authorized, $5,000,000; par, $20, as reduoed In Jan., 1902; outstanding,
$4,700,000. V. 74; p. 99, 215. Owns entire oapltal stocks of Fifth
in
Avenne Coach, Metropolitan and Century Express and Park Carriage
companies. In June, 1901, purchased Newport plant and control of
V. 72, p. 1139,
the Metropolitan and Century Express companies.
1191; V. 73, p. 35. V. 70, p. 844; V. 71, p. 290; V. 73, p. 35. Statement for year 1899, with balance sheet, was in V. 70, p. 840. President, Henry Sanderson: Asst. Sec. and A st. Treas., Win. H Palmer
Jr. Office, 8th Ave. and 49th St., N. Y.-(V. 74, p. 99, 215, 482.)
i
INDUSTRIAL STOCKS AND BONDS.
Oct., 1904. j
New York
<fc
Texas Land.—This company took the lands granted
to the International and Houston & Great Northern RRs., about 5,000,;
000 acres. June 30, 1904, had 1 ,850,3 1 2 aores unsold. Stock. 81 ,050,000.
par $35. Treas., J. 8. Wetmore, 100 Broadway,N. Y.— (V. 78, p. 2445.)
Northwestern Gai Light
& Coke Co.- Organization. -Acon-
solldation In Sept., 1902. VT75, p. 397, 665. Controlled by Interests
Coke Co. of Chicago.
friendly to the People's Gas Light
Dividends Apr., 1903, to July, 1904, 1 p. o. quarterly.
Nelson A. McCleary, Presld't; T. M. Jackson, Treas. (V. 75,p. 669.)
&
Ogden Gas (Chicago).— Scfp. of Jan., 1898.— V. 78, p. 1785.
Ohio 4c Indiana Consolidated IVatnral & Illuminating
Gas.— An amalgamation
Incorporated In N.J. on Dec. 29, 1899, per
plan V. 69. p. 1251. 8tock $10,000,000, of which $1,000,000 to aoquire new gas fields, See statement to N. Y. Stock Exchange, V. 70, p.
994. Dividends Mar.. 1900, to June, 1902, 1 p. o. quarterly; none since.
Underlying bonds, $820,000 Ind. Nat. & 111 Gas 6s (int. M-N), due
1908; $1,690,000 Logansport & Wabash 6s, J-D, due 1925; $1,940,000
Fort Wayne, 6s,J J, due 1925; $960,000 Lafayette 6s, M-N, due 1924;
$1,940,000 Ohio & Ind. 6s (J-D), due 1926. Report for calendar year
1903 in V. 78, p. 227, showed net defloit after interest on bonds and
construction ($44,002) of $7,654. Prest.,Chas. F. Dleterich; Treas., A.
B. Proal, 45 B'way, N. Y.— (V. 78, p. 22T.)
Omaha Water Co.— Organization.— Suocessor In 1896 of American Water-Works Co. of Illinois, per plan in V. 62, p. 1085. In 1903
the city of Omaha proposed to purchase property. V. 76, p. 1411.
Stock, common. $2,500,000 not Issued; outstanding, 1st pref., 5 p. o.
non-cum., $750,000; second pref., 5 p. c. non-cum., $1,000,000. Par
of shares, $50. Preferred stocks are subject to call at par, dividends
being paid at Farmers' Loan & Trust Co., New York. Decision, see
v. 71, p. 915; V. 7 J, p. 1211.
Divid'ds paid on 1st pref. ,5 p. c. y'rly to
Aug., 1904. inclusive. On 2d pref. 1 p. o. 1899; 1900, 2 p. c; 1901,
2 p. c; 1902, 2 p. c; 1903. 2 p. c.
Par. Interest. Outstand'g.
Last div., tie.
Securities.
None.
Common stock
$50
50
50
1st pref,, 5p. o
2d pref., 5 p. o
Prior lien gold
$1,500,000
:
5s,
)
1,000
I
Consolidated gold,) 1,000
$6,000,000
5
FAA
$606,100 Aug 10, '04, 2*s
F&A
867,045
Aug. 10. '03.1
1,093,000
July 1, 1916
5 J&J
8ubject to oall at 105 p. o,
5J&J 3,543,000
1946
Subject to call at 105 p. c.
President, Theodore C. Woodbury, New York; sec, Eben Stevens,
New York; Treas., Stockton Heth, Omaha, Neb— (V. 76, p. 1411.)
Pacific Packing & Navigation Co.— Organization.— Incor
porated In New Jersey in July, 1901, and acquired 16 of the leading
salmon-canning concerns in Puget Sound and Alaska, including PacificAmerican Fisheries Co (V. 70, p. 999), etc. V. 73, p 142 394. Official,
statement, V. 74, p. 1138. In 1902 readjusted per plan in V. 74, p, 1143.
Paciflo Selling Co., $1,000,000 stock, is selling agent. V. 73, p. 960; V.
79, p.. 1706.
In March, 1903, Thomas B. MoGovern
of New York and
George D. Hallock of New Jersey and James A. Kerr of Seattle
and J. R. Winn of Alaska were appointed receivers, Foreclosure sale
has been sut for Nov. 12, 1904. V. 79, p. 14*^4. A committee, with
George F. Crane, Chairman, and Colonial Trust Co , N. Y depository
(Philip S. Babcock Secretary), requests deposits ofthe debentures and
stock. V. 76, p. 545; V 79, p. 1464. Opposition (Havemeyer) com
mittee. Van Norden Trust Co., depositary, see V. 76, p. 1033.
In Feb., 1904, $750,000 one year 6 per cent receivers' certificates
were issued. V. 78, p. 824,1780.
Stock authorized, $12,500,000 each of common and 7 per oent cum.
preferred; outstanding, common, $6,150,000; preferred, $7,100,000;
20-year 5 per cent debentures, $1,500,000.
Receiver's report in V 78, p. 1780, showed estimated results for
1903: Total income, $2,073,711; total expenses (excluding r< ceiver's
compensation or legal services), $2,027,349; estimated net profit,
$4^,362.
Officers.— Pres, Charles Counselman; Vlce-Pres., Thomas B. McGovern; Treas., Frederiok F. Carey; Sec, Roland Onffroy; Directors.
V 73, p. 618. N. Y. office. 95 Hudson St.— (V. 79, p. 1464, 1706.)
Pennsylvania 'oal
Coke Co.—Organization.— Incorporated in Pennsylvania In 1902. Controls about 117,000 acres of ooal
lands and surface, chiefly in Blair, Cambria, Clearfl-ld and Indiana
counties. Pa., estimated to contain over 1,000,000,000 tons of coal, collieries, railroads, electrio light companies, etc.
Properties include
em ire stocks of Webster Coal & Coke Co. (V. 72, p. 884; V. 77, p. 513».
Beech Creek Coal & Coke Co. (V. 72. p 582; V. 78, p. 1910; V. 79, p.
1706), etc. See also V. 77, p. 2102; V. 79, p. 1335.
Securities—
Date. Interest. Outstanding. Last div., etc
Common stock (par, $100)
$7,000,000
Pref., 6 p. o. non-oum
5,000,000
(par, $100)
1909
retained to acquire other electric properties in Philadelphia and adbee V. 69, p. 797, and official circular, p. 853; and
lacent counties,
Under agreement of Oot. 12, 1899,
official statement, V. 74, p. 1249.
$2,000,000 old Phila. Electric certificates were purohased, reducing
the amount outstanding to $11,268,060. V. 70. p. 331. In Aug., 1900.
Eurohased $2,000,000 fours, mostly In the open market, the same
elng placed in the treasury uncanceled and held available as collateral for loans. V. 74, p. 215.
Report.— Year ending Deo. 31, 1903, with balance sheet, was In V. 78
etc,
p. 2332. Total gross Income, $3,665,045; expenses, taxes,
$1,789,760; interest, $1,263,683; dlv., $375,035; bal.. sur., $236,567.
President, Joseph B. McCall; Vice-Pres., William F. Harrity; Sec'y
A. V. R. Coe; Treas., Wm. P. Conover, Jr. Office. N. E. cor. 10th and
r
(V. 78, p. 2332, 2446; V. 79, p. l ,06.)
Hansom Sts., Phiia.,
Pa—
PIttsbnrg Coal Co.— ("Rail Coal Consolidation." )— Organization.— Incorporated in N.J. in Sept., 1899, and in Oct., 1899, acquired
radically all the large coal mines tributary to railroads in the PittsE urg district, together with ooal and ore docks, loading and unloading
fdants at Duluth, Chioago, Milwaukee, Cleveland, Ashtabula and other
ake ports. Owns about 150 coal mines, with equipment, and about
160,000 acres of coal lands in, or within a radius of 40 miles of Pittsourg, together with some 5,( 00 coal cars operating over railroads radiating from Pittsburg, Owns Northwestern Coal Ry., whose 5 per cent
bonds It guarantees. See that company under "Railroads." -V. 71, p.
713. Late in 1901 leased Shaw Coal Co. properties (about 4,200 acres),
15 miles west of Pittsburgh for 40 years, and In Jan., 1902, lands In
Hocking district, since Increased to about 9,000 acres owned In fee,
2.100 acres leased and 3,800 acres of surface. V. 74, p. 376. See V.
78. p. 765, 1449.
In 1903 were purchased $15,000,000 of the $20,000,000 common
and $2,500,000 of the $10,000,000 preferred stock of the Monongahela
River Consolidated Coal & Coke Co. at $15 and $45 per $50 share,
respectively. Payment was made for the common in non interest bearing notes due one-third Nov. 3 yearly for three years, and for the preferred in semi-annual instalments, beginning Jan. 20, 1904, equal to
6 cents per ton of coal mined from the MonoDgahela properties.
Bonds.—The $25,000 000 fl st and oollat. 5s of 1904 issued by the
Pittsburgh Coal Co. of Peun. are guaranteed, principal and interest,
by the Pittsburgh Coal Co. They are a first lien on 160,000
aores of ooal lands and 13,000 acres of surface, and by collateral trust
on 7,000 acres of Hooking Valley coal and 8,40k acres of Pittsburgh
ooal held under lea°es and deposit of all securities owned. The proceeds
will be ucert to fund the floating debt and for working capital and retirement of $5,400,< 00 bonds due in 1904-03. The issue Is subject to
call at 110, in whole or part on any interest fi ay, and has a sinking
fund of 5 cents a ton on run-of-mlne coal, with a yearly minimum of
$600,000. Coupon bonds or registered bondi- issued in exchai ge for
coupon bonds are to be called first, in numerical order, beginning with
the lowest number. See V. 78. p. 1965.
In 1902 issued $6,000,000 5 per cent gold bonds, secured by
pledge of the stocks of some of the subsidiary corporations. See
table on a preceding page and V. 74, p. 833. Bonds of subsidiary
oompanies Dec. 31, 1903, $2,003,133; mortgages, $2,434,448; car
trust notes, $154,141.
Bonded debt, additional to that shown in table on a preceding page,
including subsidiary companies
,
&
Webster
M„
C.
&C
w
gold
$3,00 ',000,
&
C 1st M., Ser. A, > 1902 5g. J-J
1,200,000 July 1,1932
red. 105, s f
$ Int. at Commercial Tr. Co., Phila., trust'e
Minor ptiToh. mon. mtges... ... .
..
190,000
Consol.lst&collat tr. M.,)1903 5g.
2,500,000 Sept. 1,1953
$12,00. »,000 (*5C0 and>- Title Guarantee
Trust Co., Scranton,
$1,000 each)
s. f. c* 3 Pa., trustee.
far trusts
719,000
Chest. Creek Land & Imp.. 1898
4 A-O
252,000 Oct. 1, 1924
g.
B
C
8t
&
^!$3%?6o6t -" Pvv7 Interest at Knickerbocker
end s.f. reu. *w 07
red. beg.
Yor k,trt
>orK, trustee
19045g J^
'
1.
r"i.«',i
'•r.
i
,
>•
2' 74 ?' 000
-
June 1,1944
Trust Co.,
New
($1,000 each)
c* J
BoND8.-Of the cotisoi. 5s of 1903, $4,200,000 is reserved to retire
the Webster Coal & Coke bonds and Penn. 1 st 5s (V. 76, p. 51), $909.
000 for purchase money mortgages and car trusts and #4,391,000
for improvements and future purposes. V. 77, p. 2102. Eeech Creek
guar 5s, see V. 78, p 1910; V. 79, p. 1706.
Earnings.— Net earnings for cal. year 1903 applicable to interest
were t-bout $700.00' i.
President, V. A. Lathrop; Vice-President, T. H. Watkins; Sec, A G.
Edwards Office, Land Title Bldg ., Philadelphia, Pa —(V. 78, p. 1910;
V. 79, p. 1706.)
Philadelphia Electric Co.— Organization.— Incorporated
New Jersey on
In
Oct. 5, 1899, Controls nearly all of the electric light,
properties of the city; also in West Philadelphia and Chester. V. 73, p.
496, 680; V. 74, p. 1249.
In Oct., 1904, arrangements Wf re made to purchase the conduits of
the Keystone Telephone for $2,500,000 cash, the telephone company
to pay a yearly rental of $125,000 (or 5 per cent) for their use for
telephone purposes. V. 79, p 1706
Stock.—Authorized, $25,000,000, of which $12,250 in treasury; 30
per cent paid in; 10 per cent was in Apr., 1904, called for payment,
one half June 1, balance Deo. 1, 1904.
V. 74, p. 156, and circular, p. 215; V. 78, p. 1449.
Dividends: 15 cents paid June, 1902, and
18%
Ovtstanding.
6g..M&N
Maturity.
1, 1923
May
$'9l,0('0
8F&A
161,800
Aug., 1908
95,000
Jan., 1905 14
5
May, 1905-10
126,0
6
400.(00
Oct., 1904 13
guar.} BA-0
< Int. at Colonial Tr. Co., Pittsburgh. Pa.
p. &i.. due $40,000 yearly
ltfO.OOu
June, U04-16
5
5
,.,,
L
fuel
Milwaukee J,
Western 4_ ,
Due part yearly to June, 1P0B.
\
1«7,333
Feb., 1F22
5
OhioCoalCo
100 000
Jan.. D>12
6
Pittsburgh & Moon Run
2,434,348
Var. to 1P06
Various purchase money mortgages
164,140
to 1909
Car trust notes
-1
Earnings.- For 11 months ending Nov., net, $6,507,645 in 1903,
against $4,124,070 in 1902.
Dividends -On pref., 1900, to Oct., 1903, t p. o. yearly in cafh; on
Jan. 25, 1904, 1H» p. c. in 6 p. c. interest-bearing scrip, payable withm
a year at company's option;"Apr.,'04, 1% p.c; July, 13j p.c; Oct.,1%%.
Report.— Report for year ending Deo. 31. 1903, in V. 78, p. 7f'5>
showed net profits after deducting expenses and all lossee, $7,787,094!
royalty and depreciation, $1,036,0 0; interest on bonds, $272,500;
dividend (7 p. c ) on pref., $2,167,587; undivided profits, appropriated
for preferred stock dividends and working capital, $1,3 0,936.
Officers.— Francis L. Robbins, Chairman of the Board and Pres't;
Treas'r, F. M. Wallace; Secretary. F. J. Le Moyne, 232 5th Ave., Pittsburg. Directors, Feb., 1904, V. 78, p. 824.-(V. 79, p. 216, 790.)
1
Planters' Compress Co. —See Section of
April, 1904,
and
V. 78,
2602.)
p.
Rhode Island-Perkins Horse Shoe Company.— Organiza-
3,000,000
MS
Interest.
* Castle Shannon Ry
Pitte. & Chicago Gas Coal Co
Imperial Coal Co
Mansfield Coal & <"ofee 1st M.,
Pitts
1st con.
(U.OOo each)
Pa. O.
Bonds—
Northwestern Coal Ry. IstM
cents Deo, 19<)2, June and Dec, 1903, and June, 1904, neing 5
p. c. yearly on amounts paid in.
Bonds.— Collateral trust 4 per cent gold fifty-year certificates, dated
Oct. 16, 1899, amounting to $17,500,000 have been authorized, of
which $14 ,982,200 were used to purchase$14,994,100 of the$l 5.000,000
Penn. MTg. L. & P. stock ($1,500,000 paid In) and all the $17,500,000 Nat. Elec stock ($4,375,000 paid in), the balance to be
tion.—Manufactures horse shoes and toe calks at Valley Falls, R. I., 6
miles from Providence. V. 61, p. 1014. Slock— Common (or general)
stock, $1,000,000; pref., 7 per cent cum., Q J, $1,750,000 par, $100.
Drvs.-)1892. '93-'95. '96. '97. '98. 1899 to 1901. Since toOc'04,
Com p.c £ 12*2 lOyrly. 4*«
Pref. p.c)'
5yrly.(QJ)
4perann.
7 p. c yrly.
6\ 5
-(V. 75, p. 1403.)
;
—
—
&
St, Lonis Terminal Cnpples Station
Property.—Incorporated in Missouri in March, 1897, and owns several blocks of modern
slow combustion buildings, adjoining the Terminal Railroad Association's tunnel in St. Louis. The buildings contain a union freight station connected with the Terminal RR., and enable the twenty large
wholesale houses which use them under lease to avoid the delay and
expense incident to the usual system of carting to and from depots. See
full statement in Chronicle, Oct. 16, 1897, p 730. The property was
in 1900 conveyed in fee to the Washington University of St. Louis,
which rec^ves the entire income above expenses and fixed charges.
Stock and Bonds.—Common, $2,000,000; preferred 5 p. c cumulative, $1,000,000. Entire stock now owned by Washington University,
St. Louis, Mo.— V. 70, p. 1 151, The bonds are now redeemable at 102.
Report.— Report for 14 mos ending June 30. 1904, in V. 79, p. 628,
showed: gross, $347,128; net earnings, $268,696; interest on bonds,
$135,000; bal., sur., $133,696.— V. 79. p. 628.
& F'eetric Co.— Organization. Incorpor
1 1, 1896
On October 14, 1903, the Pacific Gas Improvewas abso'bed; on Nov. 1, 1903, the Equitable Gas Co. and on
ment Co.
Nov. 17, 1903, the Independent Gas & Power and Independent Elrctrlo
Light & Power companies,
V. 77, p. 93, 453, 1536, 2287; V. 78,
San Francisco Gas
ated on Dec.
p.
12*7, 1496.
T vidends.- Dividends, previously paid irregularly, were resumed
in Dec, 1903, when 2 * p. c was paid; on Mar. 31, 1904, 1*4 p. c. quarterly; June 30, l 1* p. c; Sept. 30, l^p.c.
1
Securities
Bate lnltrest. Out'tand'g ' ast di*.. etc.
Stock, $16,000,000 (par $100) ..
Q-M $15,84H,433 Sep 30.'04,m
Ed Elect L
623,000 Nov. 3, 1921
P. lstM.,g. } 1891 6 g. Q F
($1,0(>0 each)
Int. at ofBce, San Francisco.
5
Pac Gas Impt. M., g., s. f. > 1900 4 g. Q-M 1,190,000 Sept 1.1920
($1,000 each)
Int. at Union Trust Co., San Francisco.
s
1
S
3
n
1903 4*K.MAN 8,000,000 Nov. 1, 1933
*0^0 000^ \ii ooo'e!ph. I
]
?£? ii^ Ho£b ••*•*• j Int. at Union Tr. Co., San Fran., trustee.
I
I 6Q<! Boo Dc.UW
&
'
INDUSTRIAL STOCKS AND BONDS.
J910
Bonds— Of
the gen. 4^8 of 1903 ($10,000,000 authorized Issue)
outstanding, $1,813,00018 reserved to retire the under
lying bondu and the remaining $187,000 is issuable for general pur.
poses and improvements. Bonds Nos. l to 4.000, inclusive, are subject
to oall, $100,000 yearly Nov. 1. at 105, by lot, beginning Nov. 1, 190«.
V. 77, p. 93. 1877; V. 78, p. 233, 1496.
Report —Report f »r year ending Deo. 31, 1903, was in V. 78, p
1496, showing total income, $2,504,771 net profit, $969,957 depreciation funds $395,00i>; dividend (2^ p. o.) paid Dec, 1903, $396,211;
bal., eur., $17 8,746.
Officers.— President, W. B. Bourne: Seo'y and Treas., Charles L.
Barrett. Directors, June. 1904. V. 79, p. 156. Office, 415 Poet St.,
San Francisco, Cal. (V. 79, p. 15«.)
sou Hi Yuba Water Co.— Owns 20 storage lakes and reservoirs In
Placer and Nevada counties, California, 12 distributing reservoirs and
500 miles of canal and pipe lines. Incorporated in California in 1854
and in New York in 1880. Supplies wnter for household and municipal
purposes, power and irrigation, electric power and light.
Area
supplied about 2,000 square miles. Controls Central California Electric Co., with $100,000 stock, whose bonds are guaranteed. See below and V. 77, p. 1307, 2099.
Securitte$.
Maturity, etc.
Outsland'g.
Par.
Interest.
Stock, $2,000,000..) $50
$2,000,000
lstmortgage
Apr. 1,1910
6 A.&O.
436,000
£ 1,000
Interest at an Van Norden Trust Co., N. Y.
)
Consol. mtge., gold, > 1,000
July 1, 1923
564,0(0
6g.-J.&J.
$1,500,000 ..
Interest at Farmers' Loan & Trust Co., N. Y.
s
$8,000,000
is
;
;
'
. .
E
°S5*0<H)000
p?& int
,
'tu'h.0°0
red! if 0. 5
5g.-M&N.
Van Norden
May
773,000
1,
1933
Tl us * Co., trustee.
Balance of consols are reserved to retire the first 6s. Application to
N. Y. Stock Exchange for listing consols of 1893 in V. 59, p. 700. For
year 19' 2 gross, $220,042; net, $ il 8,032; i nt. on bonds, $60,000; bal.,
eur., $58,082. In 1901, gross, $203,968; net, $120,120.
Officers.—President, Warner Van Norden; Secretary, Warner M.
Van Norden. Offices, 751 Fifth Ave., N. Y.; Nevada City, Cal., and
Auburn, Cal.-(V. 59, p. 6j/, 697, 700; V. 77, p. 1307.)
Spring Valley Water Co., San Francisco.— Organization.—
Successor Sept. 24. 1903, per plan V. 76, p. 216,977, to Spring Valley
Water- Works. V. 78, p. 827.
Securities—
Date. Interest. Oulstand'g Last div.. etc.
Stock (par of shares. $100)
See above. $28,000,000 July,'04, 63o.
Spr. Val. Wat. Works 1st
4,975 000 Sept. 1, 1906
4Q F
4,991,000 May 1, 1917
ao
do
do
2ndM I
ao
^ttM.j
(Subject to call iept., 1906.)
3,65<\0oo 8ept. 1, 1906
do
do
3rd
4 Q-M
Spr. Val. Wat. Co., ref. M. > 1903 4 g. J-D
Dec. 1 1923
3,000,000
gold ($1,000 each)
5 Int. at N.Y., S. Fran, and Frankf. on Main.
Of the general gold 4s of 1903 ($28,000,000 authorized issue; Union
Trust Co. of San Francisoo trustee). $1,000,000 have been issued for
improvement, $359,000 to take up old water works bonds, and the
remaining bonds are reserved for construction and acquisitio sand
the retirement of the old bonds at or before maturity. V. 78, p. 992.
Dividends —On stock of reorganized oompany paid 21 cts. (monthly)
per share Oct., 1903; in Jan., Apr and July, 1904, 63 cts. each quar.
Report.- Report for year ending Deo. 31. 1903, was in V. 78. p.
987, showing: Total income, $2,075,983; net. $1,235,004; interest,
$719,423; dividends, $529,200; bal.. def., $13,624.
Officers. Pres., Chas. W. Howard: Sec , Pelhara W. Ames; Treas.,
Bank of Cal. Offioe, 126 Stookton St., San Fran Cal.— (V. 78, p. 2446.)
Standard Hilllua: Co.— Organization.— Incorporated in New
Jersey on Oct 31, 1900, as successor of the United States Flour Milling Co., per plau in V. 70, p. 284, V. 71, p. 185, and owns direotly or
through subsidiary companies mills in Minneapolis, Duluth, West
Superior, Milwaukee, Buffalo, Syracuse and New York; total daiiy
capacity 47,000 barrels of flour. See V. 75, p. 1252; V. 68, p. 873, 929;
V. 69, p. 29, 1010; V. 71, p. 817. Properties taken over May 11, 1902.
Stock and Bonds.— Stock, all outstanding, oommon, $4,600,000;
pref., 5 per cent non-oumulative, $6,900,000. Of the new 1st 5a, $2,213,000 is reserved to retire at par the $1,448,000 Heoker-JonesJewell 1st 6sand $765,000 Northwestern Consolidated Milling 1st 6s
(seeV. 70, p. 283). The plan limits the new mortgage to $5,750,000,
but permits increase of this by $500,000 for working capital, the bonds
to be sold at not less than 95.
Dividends. - Div. on pref., 1%, Apr., 1903; 1904, 2% (A. A O.)
Report.— Report for year ending Sept. 30, 1904, in V. 79, p. 1720,
and Chronicle. Oct 29, 1904 showed: Income lor joar. $1,084,213;
int. on bonds, $169,839; div. on pref. stook <i p.c), $68,867; insurance
fund, »2-«.0' 0; bal., sur., for year, $320,607; total surplus Sept. 30,
1904, $1,317,181.
Officers.— Pres., Brayton Ives; 1st Vice-Pres., Wm. L. Bull; 2d
Vice-Pres., J. C. Klinok; Sec. and Treas., J. A. Knox. Office, 49 Wall
St., N. Y.-(V. 78. p. 107, 1114, 1501, 2010; V. 79, p. 1720.)
Standard Rope A: Twine Co.—Incorporated Nov. 8, 1896, underlaws of New Jersey. Suocessor after f oreclsosure of the United States
Cordage Co., reorganized, V. 60, p. 1012; V. 63, p. 1064. Union Helling
M
—
6M&S
M
,
Co. acts as selling agent. V. 75, p. 397, 613; V. 78, p. 992.
Owns 3 mills in operation, viz., Sewall Day mill at Boston (Alston),
Mass., and the Waterbury and Morgan Ave. mills at Brooklyn, N.
besides two idle and partly dismantled; also entire stock of Cannabis Mfg. Co., owning 3 mills— the Chelsea and Bofcton mills in Boston, Wm. Wall & 8ons of Brooklyn; see V. 73, p. 614. Reports of committees in V. 72, p. 987 1140. As to competition in June, 1902, see
V. 74, p. 1255. A committee consisting or W. A Nash. Dumont Clarke
Charles E. Orvis, Q. W. Montgomery and Geo. W. Young will prepare a
plan to finance the company's requirements for additional working
capital. V. 78, p. 1227. 992. 774; V. 79, p. 1265.
Stock and Bonds.—Capital stock is $12,000,000 (par $100); outstanding, $11,960,860. Tlie first mortgage is for $3,000,000, yearly
sinking fund 1 per cent of bonds outstanding firsts purchased for
sinking fund and oanceled to July 31, 1904. $260,000. The consols are
non-cumulative incomes and entitled to one vote for each $100.
Report.— Year ends July 31. Report for 1903-04, in V. 79, p. 1265,
showed Loss on the year's operations after paying Interest on bonds
and borrowed money, $9,166; debit bal. Aug. 1, 1903, $737,418;
balance, deficit to protltand loss Aug. 1, 1904, $746,584. Gross sales In
1899-00, $4,255,342; in 1898-99, $4,999,275.
President, Thomas Russell; Vice Prest., George W. Montgomery;
Treas. and Sec, Joseph G. Taylor, 14-20 State St., N. Y. Director's:
Thomas Russell, James B. Clews. G. W. Montgomery, Mllo M. Belding Jr.. Joseph G Tavlor, Jos C. Reiff, E. Le B.Gardiner, D. S. Ram
say. Office. 17 State St., N.Y.— (V. 78, p. 992, 1227; V. 79, p. 504, 1265.)
Texas
Pacific Coal.— Owns 54,000 acres of coal lands in
Texas. Business consists of mining coal and manufacturing coke,
brick, etc. ntock $2,500,000; outstanding, $2,250,000. Dividends:
1896, 4 p. c; 1897, 4 p. c; 1898, 4 "a p. c; 1899, 6 p. 0. 1899 to Oct.,
1904, 6 p. o. yearly (Q— J.)
Mort. is for $500,000 of 6 p. c. bonds,
due 1908 bonds for $305,000 in sinking fund (in Apr., 1904), leaving $195,000 outstanding; interest A.&O. at Central Trust Co., N.
Y., trustee. Pres., E. L. Marston, 24 Broad St., N. Y.— iV. 71, p. 1175.)
Vnlon Bag &. Paper Co.— Organization.— Incorporated in New
Jersey on Feb. 27, 1899, as a consolidation of over 90 p. o. of the paper
bag business of the country. V. 68, p. 430; V. 69, p. 182. See V. 71. p.
Assets and list of properties see prospectus, V. 68, p. 333
•J45.
&
Y
;
:
&
;
;
,
[Vol. lxxix.
rights of stock, etc.. V. 68. p. 675. Statement for year ending Feb;. 1,
1904, with balance sheet, was In V. 78, p. 1445, showing net earnings,
$774,485; dividend on pref. (7 p. c), $770,000; balance, $4,485.
Bills payable Jan. 3 1, 1904, $915,000. Status July, 1903, V. 77, p. 254.
Dividends.—On pref., July, 1899, to Oct., »04, 7% per an. (13t% quar.)
Officers —President, L. G. Fisher; 1st V.-P.. Edgar G. Barratt; 2d
V.-P., John H. Derby; Treasurer, Geo. R. Sheldon; Sec, W. L. Sparks.
New directors Apr., 1904, V. 78. p. 1449. Office, 17 Battery Place,
N. Y.-(V. 77, p. 254; V. 78, p. 1445, 1449.)
Union Electric Light & Power Co., St. Louis.— Organization.— Incorporated in Missouri in June, 1902, as a consolidation
of the Imperial Electric Lieht, Heat & Power Co. and allied companies
with the Citizens' Electric Lighting & Power Co; 10 Sept., 1903, the
Missouri Edison Electric Co. was absorbed. V 77, p. 40, 774 Does
practically all of the electric-lighting business of St. L mis. Has a
ten year oontract with St. Louis Transit Co. to supply about 12,000
horse-power and contract to supply public city electric lighting till
Sept. 1, 1910. Controlled by North American Co.
Securities
—
Date.
Common
Interest.
stock (par $100)
ef.,5p. o. (par $100)
P
Mo. Ed. 1st
Oulstand'g. Last div.,
etc.
$8,000,000
2,000 < 00
600,000
M
M
1911
6
1897 5R-F-&A. 3,400,000 Feb. 1, 1927
I^^W 0°oTg c^l°Oob^ n t in St. Louis or New York.
,1 .°o°
<
£
each) .....
U. E L. &P. 1st M.'$l6V) 1902 5
M &S. 4,000,000 Sept. 1, 1932
s
t
i
<r.
000,000, gold ($1,000 > Int. at Miss. Valley Tr. Co., St. Louis, or
each)
North Amer. Co., N. Y.
>
Bonds.— Of the 5s of 1902, $4,000,000 is reserved to retire the Mo.
Edison bonds and $2,000,000 for not to exceed 90 per cent of cost of
extensions and additiOL s. See V.76,p. 1360; V.77, p. 40; V. 78, p. 1396.
Earnings.— For calendar year 1903 gross earnings, $1,432,356; net
overtaxes, $617,136; int. on bonds, $313,500: b*l., sur *303,636.
For cal year 1904 (estimated), gross. $4,500,000; net, $1,000,000;
int. on underlying bonds, $206,000; int. on Union bonds, $<.00,000;
bal., sur, $594,000.
Officers.— President, Julius S. Walsh; Vice-Pres., Charles W. Wetmore; Treas , Breckinridge Jones; Sec. Harold P. G. Coatee; Gen.
Mgr., Charles H. Ledlie. N.Y. office, 30 Broad St.— (V.78,p. 346, 1396.)
,
&
United Box Board
Paper Co.— Organization.— Incorporated in New Jersey on May 28, 1902, and took over as of Jan.
1902,
per plan V. 74, p. 375, the leading straw-board and box-board comfianies (including Traders' Paper Co., Lockport, N Y.,etc, 26 plants);
u the country, having a theoretical capacity of 1,35» tons daily;
also acquired $5,800,000 of the $6,000,000 American strawboard
Co. stock and entire stook of Knickerbocker Pulp & Paper Co.,
with a daily capacity of 40 tons of pulp. V 74, p. 1041; V. 75. p 358.
Has purchased entire 2,000 shares of Unoas Paper Co., Norwich, Conn.
On Deo 10, 1903, the Paper Products Co., with $200,000 stook, began
business as a selling company for the leading box-board manufacturers.
V. 77, p. 827, 1879; V. 79, p. 504. 6*5.
In October. 1904, a
proposition to lease all except 5 of ihe mills to a syndioate cooiDOsed
of the leading indep- ndent companies was reported to be under consideration. V 79, p. 17*0.
Stook authorized, $28,967,400, of which $14,018,500 common and
$14,948,900 seven per cent cumulative preferred; outstanding,
common, $'3,896,433; preferred, see table. First dividend on pref.,
1% p c paid Dec. 15, 1902. In March, 1903, dividends were deferred
to accumulate surplus for working capital.
V. 76, p. 658, 1038. Net
earnings for 3 mos. ending Mar. 31, 1904, were $54,985, against loss
in 1903 of $70,410. V. 78, p. 1913. Balanoe sheet Jan. 2, 1904, V.
78. p. 766. Financial statement March, 1903, V. 76, p. 756. In Dec,
1903, President O. O. Barber and associates loaned $1,000,000 on
collateral. V. 77, p. 239i.
A plan for the reorganization of the company and the refunding of
the debt Is expected to be issued late In 1904. V. 78, p. 1913, 2602.
BoNDB.-The 1st 5s of 1903 are due $350,000 yearly from Jan. 1,
1904 to 19U8, both inclusive. $250,000 Jan. 1, 1909 and $1,500,000
Jan 1,1913. They are subject to oall (when drawn by lot) for payment at oar and interest on any Interest day Of the authorized
amount $2,000,000 bonds are issuable forthwith, the remaining $1,500,000 being reserved to retire from time to time a like amount of
underlying bonds on 15 of the plants (see list V. 75, p. 1304), viz.:
Traders' Paper Co. N. Y. «s, $200,000, due by Nov., 19l». Thompson Palo &
Paper Co.. N. V.,«s, $200,000, Somerset & Kennebec Co., Me.. $:S3K,ooi Tytus
Pa. or, etc, ().. $122,600: Wabash Paper Co.,Iudiana, $'00,00o; Peoria Straw-board
Co., III., 6s, $100,»jOO; Wilson, et alii. Conn.. $58,300; Oswego Falls Pulp & Paper
,
1
'
,
.
;
Co.. $76,100, etc.
Amer. Strawboard Co. has outstanding $412,000 1st sink, fund gold
due Feb. 1, 1911, int. paid F & A at Internat. Trust Co., Boston.
Report of American Strawboard Co. for 1903. V. 78, p. 766.
Chairman of Board, .las. A. Roberts'; Pres., O. C. Barber; Vice-Pres.,
M. Graves; Sec and (*en. Mgr Stephen B. Fleming; Treas., F. M.
Peet. Directors, June, 1904, V. 78, p. 2388. Office, 11 B'way, N Y.—
(V. 77, p 2394; V. 78, p. 705, 766, 828, 1913, 2388, 2602, V, 79, p.
6s.
W
,
504, 685, 1720.)
United Shoe ITIacliineryCo.— Inoorporatedin Feb., 1899, inN. J*
V.68,p. 333, 430; V. 74, p. 430; V. 75, p. 851; V. 77, p. 255. Stook,
common, $12,500,000; outstanding, $10,720,350; preferred cumulative. 6 per cent $12,500,000; par, $25; outstanding, $9,936,500. Balance sheet Mar. I, 1902, V. 74, p. 935. International Goodyear 6s,
mortgage assumed, $100,000.
Dividends.— First dividend, *3 per cent on preferred and 23 per oent
on common, paid April 15, 1899. V. 68, p. 525. On common, July,
1899, to Oot., 1904, inclusive, 8 p. 0. yearly (2 Q-J). On preferred, July,
1899, to Oct., 1904. inolusive, at 6 p. c. per annum, payable quarterly.
Annual statement March, 1904, V. 78, p. V439.
President, Sidney W. Winslow of Boston: Treas. and Gen. Man., Geo.
W.Brown; Seoretary, Lewis H. Baker.of Boston. Albany Bl'dg., Boston,
Mass.-(V. 77, p. 2o5; V. 78, p. 1171, 2439; V. 79, p. 969.)
United States Coal & Oil Co.— Organization.— Name was
changed from United States Oil Co. on June 2, 1902, and the Island
Creek Coal Co. of West Va. absorbed, per plan, V. 74, p. 1146.
Owns In fee 30.000 acres of bituminous coal lands in Logan
and Mingo counties, West Va., and is building a 10-mtle rail
road. In Jan., 1904, oil properties were sold. V. 77, p. 2163; V.78,
p.
346.
Stock increased June, 1902, from $2,500,000. to $6,250,000; outstanding, $6,000,000 par $25. Dividend of $1 (of which 50 cents
extra) per share paid April 1, July 1 and Oct. 1, 1899 ; 1900, Jan. 1,
$1 25 (of which 50c. extra); Apr. 2, 50c; July 2, 50 cts.; Oct. 1. 50
None since to July, 1904, V. 71, p. 1273. Report for 1902-03,
cts.
Seo'y
V. 77, p. 2158. President. Albert F. Holden, Cleveland. O
and Treasurer, F. W. Batchelder, State Mutual Bldg., Boston. New
directors June 1902, V. 74, p. 1200.— (V 78, p. 346.)
;
;
United States Cotton Duck Corporation.— Organization.
-Incorporated in New Jersey on June 4, 1901, per plan in V. 72, p.
992, 1038, 1241, to control the Mount Vernon- Woodberrv Cotton Duck
Co. (see list 14 mills, V. 69, p. 129), etc V.72, p. 1140; V. 76, p. 1038.
Stock. -Authorized, $15,000,000 each of common and 6 per cent
cumulative preferred, as reduced Feb., 1902. V. 74, p. 331. Common stook outstanding, $10,000,000. The Jan., 1902, Jan. and July,
1903, and Jan., 1904, cumulative Int. on the Mt. Vernon-Woodberry
Incomes was passed; in Aug. 1902, 2>« p. o. paid. V. 75, p. 247, 347;
V. 76, p. 439; V. 77, p. 404; V. 78, p. 828.
;
;
INDUSTRIAL STOCKS AND BONDS.
Oct., 1904.J
3
Dividends— On pref., 3
paid from earning
p. o.
p.
c. paid Sept. 15, 1902; on Mar. 25, 1904,
of 1903.
V. 78, p. 828.
Earnings.— Report for the 6 months ending June 30. 1904, In V."79«
791, 906. showed net earnings of U. 8. Cotton Duck Corp.. $152,299;
nt.
g and gen. expenses, $69,355; bal., sur., *82.944. Surplus earnings
of Mt. VeruonCo. over repairs, etc, were $8,584. V. 7«, p. 791.
Report.— Report for (calendar year 1903, V. 78, p. 817, showed
net earnings of U. S. Cotton Duck Corp., $285,449; Int. and
bal., sur., $183,713. Surplus earnings of Mt.
fen. expenses, $101,736;
ernon Company over Interest were $103,538 (but see V. 77, p. 1750
Chairman of Board, 8. Davles Warlleld; Pres't. Chas. K. diver,
Continental Trust Building, Baltimore, Md. Direotors and officers.
V. 74. p. 331; V. 76, p. 216; V. 78, p. 828; (V. 78, p. 8 IT, 828; V. 79,
p. 791, 906, 1026.)
)
United States Envelope.—Incorporated In 1898 under the laws
Absorbed ten companies named In V. 66, p. 1003,
of Maine.
Sroduoing over 90 per cent of the commercial envelopes In the United
tates. Output 17,000,000 dally; capacity over 20,000,000 dally.
Stock, $1,000,000 com., Issued $750,000; par, $100; pref., $3,750,000;
par, $100. Mortgage bonds, $2,000,000. See V. 66, p. 1003; V. 67,
Debentures, $200,000, due $25,000 yearly. V. 74, p. 385.
p. 179.
Dec, 1898, paid 2 p. o. on pref.; June, 1899, to Sept., 1901, Inol., 7p.o.
per ann. (Q-M); 1902 to 1904, 1 'olaslve, 5 p. c yearly (M & S).
Report for year ending June 30, 1904, with balance sheet, In V. 79,
int. on bonds, $130,729; div. on
p. 786, showed: Net profit, $572,091
pref. stock (5 p. c), $187,500; sink, fund, depredation, etc, $180,401
;
bal., sur.
$73.46o.
Officers.— President, C. H. Hutchlns; Treas., Wm. O. Day, Spring
field. Mass.; Sec, W. M. Wharfleld, Bpringfleld, Mass. Directors Sept.
1903, V. 77, p. 774.-(V. 77, p. 774; V. 78, p. 1227; V. 79, p. 785.)
Trust Co.—Chartered in 1871United States Mortgage
Formerly IT. S. Mortgage Co.; present name assumed Feb. 23, 1895.
Stock.—Capital stock is $2,000,000 par, $100. Surplus, $3,000,000;
Dividends.— In 1894, 6
undivided profits July 1, 1904, $508,09i).
p.c: '95. 6; "96, 6; '97, 6; '98, 7^.; 'U9, 10; 1900, 10; 1901, 12; 1902, 15;
1903, 16; 1904, June, 8 p. c.
Bonds.—The series of mortgage trust bonds, $1,000,000 each, are
secured by deposit with trustee of first mortgages on improved city
real estate "in amounts at least eaual to the bonds outstanding."
See application to list $5,000,000 bonds in V. 67, p. 487.
Officers.— President, George W. Young; Vice-Presidents, George M.
CummtDg and Clark Williams; Treas., Carl G. Rasmus; Sec, Calvert
&
;
Western Telephone 4; Telegraph Co.— Owns 77 per oent
of the Cloveland Telephone Co., 82 per oent of the Northwestern Telephone Exohange Co. and 83 per cent of the Southwestern Telegraph & Telephone Co., 81 per cent of the Wisconsin Telephone Co.
and all the $1,200,000 stock of the Postal Telegraph Cable Co. of
Texas. These companies operate in Ohio, Minnesota, North and South
Dakota, Texas, Arkansas, Michigan and Wisconsin, under licenses from
Am. Bell Co., which owns the bal. of the stook of the three first named.
Organization Incorporated In N. J. on Jan. 22, 1902, and purchased,
per plan In V. 73, p. 1359, and V. 74. p. 42, all the assets of the Erie
Telephone Co. V. 74, p. 271, bankrupt but not foreclosed.
Telegraph
Teleg. Co. owns control. V. 76, p, 596.
The Amer. (Bell) Telephone
The Michigan Telephone Co., formerly controlled, was sold in foreclosure to other parties on Nov. 4, 1903. V. 77, p. 1750.
Dividends.— Div. on pref. Aug., 1902, to Feb., 1904, 4% yrly. (F&A).
In Aug., 1904, 212 p. 0.
Bonds.— All the old bonds except $134,500 were retired. The new
bonds are secured by stock and bonds owned. Seeilist, V. 74, p. 893.
Outstanding bonds of proprietary company:
Postal Telegraph -Cable Co. of Texas 30-year gold 5s, due Jan. 1, 1928, guaranty
of interest and sinking fund (sufficient to retire bonds at maturity) assumed on
purchase Mar. 15, 1902. V. 76, p. 336.
Report.— Report for year ending Jan. 31, 1904, with balance sheet,
In V.78, p.1220. showed: total Income, $1,238,221; net revenue above
depreciation ($7,730), *>699,631; div. on pref. (4 p.c.) $640,000; bal.,
sur., $59,631. Office, 243 Washington St., Jersey City, N. J.— (V.78, p,
—
&
&
1220.)
Westinghouse Machine Co.— Organization, Etc.— Incorporated In Penn. in 1881; manufactures steam engines, steam turbines,
gas engines and Roney mechanical stokers, under Westinghouse patents. Stook was formerly part preferred, buc is now all of one kind.
In April, 1903, stockholders subscribed to *2,000,000 new stock at
$UiO per $ :)0-share, raising the amount outstanding to $ \000 000. V.
74, p. 101: V. 76, p. 756. Dividends at 6 p. 0. yearly (Q-J) were paid
to Oct., 1902, inclusive; since to Oct., 1904,10 p. c yearly (Q-J).
The Westinghouse Foundry Co. plant is 17 miles east of Pittsburg.
V. 75, p. 398.
Bonds.— Of the $1,500,000 5 p. o. gold debentures, $350,000 reserved
V. 69, p. 854. (See also V. 69, p.
to retire 6 per cents due 1905-1914.
802.) V. 69, p. 1252. President, George Westinghouse; Vice-Pres.,
E.E.Keller; Treas. T. L. Brown Secy., Charles Garland. Office and
works, East Pittsburg, Pa.— (V. 76, p. 756.)
,
Brewer.— (V. 75, p. 81, 347.)
United States Redaction
Ac Refining Co.— Incorporated in
Extracts gold and other precious metals
from ore obtained chiefly from Cripple Creek District, Col. Official
statement showing properties owned, etc, V. 74, p. 882.
Stock authorized, common, $6,000,000: pref. (also as to assets) 6 p.o.
non-oum., $4,000,000; par of shares, $100; outstanding, oommon,
$5,918,800; preferred. $3,945,800. Bonds (all outstanding), $3,000,000
first 30-vear gold 6s, due July 1, 1931, int. J. & J., subject to call at
110 as a whole or for a sinking fund of $50,000 annually; Continental
Trust Co., N.Y , trustee; Int. paid at Kessler & Co., 54 Wall St., N. Y.
Dividends on pref., 1*3 p. c, paid Deo. 20, 1901, Apr. 1 to Oct. 1, 1903,
both Inclusive, l*s p. c quarterly; none since to Apr., 1904; V. 77, p'
2396; V. 78. p 1279. On common, Apr. 1 to July 1, 1903. both inl
elusive, 1 p. o. quarterly; none since to Apr., 1904. Checks are mailed.
Report for year ending Aug. 1, 1903, given in V. 77, p. 2388.
In 1903-4, net earnings (over improvements, etc) $3-9,337; Int. on
bonds $180,000; div. on pref. stock (1^ p. c.) $59,187; bal., sur.,
$160,150.
Piesident, Chas. L. Tutt; Vice-Pres. and Mgr., Chas. M. Mac. Neill;
Sec. and Treas., Spenoer Penrose. Transfer office, 54 Wall St., N. Y.
—V. 75, p. 687, 790, 802 (V. 78, p. 1279; V. 79, p. 1283.)
New Jersey on May 31,
& €oke
Co.— Organization.— Owns
fur-
naces at Roanoke. Pulaski, Buena Vista, Radford, Graham, Max
Island, Va.; Bristol and Johnson City, Tenn., and
Middlesborough, Ky.; Radford Pipe Works, Radford. Va.; Crescent
Horseshoe Works, Max Meadows, Va.; steel works at Middlesborough,
Ky., and certain foundry and machine works. Also owns about 132,
000 acres of coal lands, and owns and controls about 209,000 acres
iron ore and timber lands, together wlth'half of the $2,000,000 capital
stook of the Virginia & Southwestern Rv., Inman, Va., coal mines to
Mountain City. Tenn., etc., 134 miles. V. 68. p. 675; V. 69, p. 388; V.
79, p. 1703. See application to list, V. 76, p. 272.
Stock authorized, $10,000,000, all common; outstanding, $8,641,600;
par $100. Readjusted per plan, V. 75, p. 348, 398, 736. The scrip received for Sept., 1903, coupons was paid on May 1,1903. Of the 1st
5s, $2,737,000 have been canceled, the $829,000 unissued being held to
retire prior lien bends, viz.: $557,000 Carter Coal & Iron s nking fund
gold 5s, due Oct. 1, 1938, subject to call at 1 05 < Contin. Trust Co., N. Y.,
trustee. Report for year ending June 30, 1904, was In V. 79, p. 1703,
showing def. after interest charges, $30,000. President. Henry K.
MoHarg, N. Y. Office, Bristol, Tenn. (V. 77, p. 145; V. 79, p 1703.)
Meadows and Reed
Wells Fargo
Co. (Express).—Incorporated under the laws
of Colorado February 5, 1866.
On January 1, 1904, operated on
40,454 miles of railroad, 1,457 miles of stage and 5,312 miles of
steamer routes;
Sc
total,
RAILROAD COMPANIES.
1901.
Virginia Iron Coal
47,223 miles.
Dividends of 8 per cent yearly
were paid for many years, but the semi-annual dividend paid
in July,
1894, was reduced to 3 p. c; 1895, to July, 1904, 6 p. o. yearlv (3 J.&J).
and in Jan., 1902, 2 p. c extra In July, 1902. and since to July, 1904,
1 p. 0. extra semi-annually. Chairman, E. H. Harriman. Direotors
Oct., 1902, V. 75, p. 621, 803.-(V 75, p. 621, 803.)
;
Welsbach Co.— Organization.— Incorporated in New Jersey Apr
28, '900, as a consolidation per plan (V. 70, p. 898) of the Welsbach
Light and Welsbach Commercial Companies. The United Gas Improvement, it is understood, owns control. Stock, $3,500,000, par $100
Dividends.—2 p 0. paid June, 1901; In 1902, June, 2 p. c; in 1903,
Sept., 2 p. c; in 1904, Sept., 2 p. c.
Bonds.— Of the $7,000,000 gold 5s (Provident Life & Trust Co.,
Philadelphia, trustee) $409,000 reserved for working capital, etc
Report.— For year ending May 31. 1904, profits were $524,162; In
terest and sinking fund, $431,660; charged off, $12,701; dividend, 2 p.
C, $70,000; bal., sur $9,800. In 1902-03, profits, $555,542.
Pres., Sidney Mason; Sec and Treas., Lewis Ltllie. Office, N. W. cor.
Broad and Arch Sts., Philadelphia.— (V. 75, p. 565; V 77, p. 628; V. 79,
p. 1026.)
,
Westchester Lighting.— See Consolidated Gas Co. of New York.
Western Anthracite Coal & Coke Co. — Incorporated
under the laws of Colorado in October. 1901. Owns and controls
7,000 acres of developed anthraoite and ooklng coal lands in Colorado.
Acquired the propenies of the Anthracite <"oal Co in 1902. Has
under construction an anthracite coal breaker of 2.000 tons daily
oapacitv, 150 coke ovens, and a spur to connect with the Mount Guero
and Colorado Southern railroads. Will begin to make shipments In
1904 Stock (par $100), 7 p. 0. cumulative preferred, $1,250,000;
common, $1.25^,000, New York office, 52 Broadway.
Officers. -President. W. E. Pedriok; Secretary, W. D. A. Rose;
Treasurer, W. C. Tegethoff.
Dlrectors-C C. Tegetnoff, Geo C. Manly. Simeon P. Sullivan, A. A. Miller,
W. C. Tegethoff, W. B. Pedrick, H. M. Brig nam.
1911
SUPPLEMENTARY-See also Tables
Arkansas Midland RR.— Owns from
Pao-es 1583 to 1721.
Helena, Ark., to Clarendon, 47 miles. Capital stock $1,500,000 (par $100.) Dividends paid:
in 1895-6. 1348 per cent; in 1896-7, 74 p. c; In 1897-8, 1*92 p. c;
in 1898-9 (?); in 1899-0, 0-61 p. 0. In 1901 entire stook was acquired
by Mo. Pac (St. Louis Iron Mountain* So. Ry.) V. 74, p. 206, 574.
Bonds, $176,000 first gold 6s, due July 1, 1911, subject to call at
110; int. J.&J. Year 1903, gross, $128,041; net, $72,684; interest
and taxes, $15,489. President, George J. Gould.— (V. 72, p. 935.)
& Edmonton By.-
Owns Calgary, Canada, to EdmonCalgary
ton, Can., 191 m., and to Fort McLeod, Can., 104 m.
In Feb.. 1903. a new lease to the Canadian Pacific (which owns entire $1,000,000 stock) for 99 years was ratiUed, under which the 6 p.
0. bonds (£1,121,700) were exchanged for an equal amount of debenture stook, on which Interest Is guaranteed at 4 p. 0. At the termination of the lease the principal of the bonds will be paid at par or a
76 p. 434; V. 77, p. 1224. The stockfurther lease entered into.
holders were to vote on Sept 20, 1904, to issue bonds to build the Lacombe and Westaskiwin branches, eaoh about 50 miles, under construction. V. 79, p. 1027, 1265
V
Government subsidy is £16,000 per annum till July, 1911. Land
grant 1,888,448 acres, of which 407,402 acres unsold held by Government as security for cash subsidv. In 1902-03, gross, $687,720; net,
$261,110— (V. 77, p. 509, 1224; V. 79, p. 1265.)
Gulf dt Inler-State Railway of Texas.— Port Bolivar, on
Galveston Bay, to Beaumont, Texas, 70 miles, was owned, of which 27
miles from Port Bolivar to High Island was washed away by flood in
Sept.. 1900. but was rebuilt and reopened in Oct., 1903. Impt. <& Loan
Co., Galveston, is trustee under 1st mtge which secures $829,000 of
20-year 5s, due 1915; V.78, p. 820. Capital stock, $71,000. Year
ending June MO, 1902, gross, $15,760; def. under oper., $2,342. V 70,
p. 1249; V. 71, p. 182, 698. On Mar. 13, 1 904, receiver was discharged;
V. 78. p. 1167. President L. P. Featherstone, Beaumont, Tex.; 1st
Vice-President, F. M. Rubbel), of Des Moines, la
Sec, L L. Featherstone; Treas., John W. Campbell -(V. 74, p. 728, 1308; V. 75, p. 342;
,
;
V. 77, p. 823; V. 78, p. 820. 1167.)
Hudson &
ti a nli 11 ti an It R.— To construct a double-tube tunnel
to be used by trolley s,under the Hudson River from the Pennsylvania
RR. station, Jersey City, to terminal station covering two blocks west
side of Church St., between Cortlandt and Fultou Sts., New York.
Franchises in New York have been granted. Terminal facilities in
Jersey City will be afforded by Penn. RK., whose traffic for down-town
section of New York will be handled. Official statement, V. 78. p. 102.
Incorporated in March, 1903. V. 76. p. 705, 752. Stook authorized,
#3,000,(00. Directors, Jan., 1904, V 78, p. 102. President. W. G.
McAdoo; Vice-President. W. G Oakman; Treasurer, H. A. Murray;
Secretary, C. W. Klng.-(V. 77, p. 2338; V, 78, p. 102.)
Interoceanic Kail way of Mexico, Limited.—Vera Cruz
Mexico
to
342 miles; Los Reyes to Puente de Ixtla, 123
ua.; Los Arcosto Tlaoualpican, 72 m,; San Lorenzo to Oriental, 73 m.
and Cuantle to Atencingo, 42 m., opened June, 1903, other, 18 miles
total. 670 miles.
In Nov., 1901, the Mexican Eastern Ry.. Limited, was formed, with
£10,000 share capital, all owned by the Interoceanic, and purchased the narrow-gauge line from San Maroos to Tezuitlan, 79
miles, and built from Virreyes to San Nioolas, 61 miles, the whole
being leased for 80 years for a rental sufficient to meet the general expenses and interest on the debenture capital, of which £400,000 has
been issued for purchase and extension of the road, and in addition,
after 1920. a fund toward the redemption of the debenture stock. The
company will have the right after June 1, 1914, to purchase the Mexican Eastern Ry. by redemption of debenture stook. V. 73, p. 1263.
Organization.— In 1896 reorganized per plan in V. 62, p. 364. In
Sept., 1902, Mexican Gov't secured control. V. 75, p. 793, 907, 981.
The Nat. RR. of Mexico in 1903 acquired practical control, owning
£1,038,400 of the second debentures, £907,500 ordinary and £102,000 cumulative pref erred stook. V. 76, p. 11 92; V. 77, p. 769. Consolidation with the National Company was authorized In 1903.
Securities.— On Dec 14, 1900, £1,300,000 of 4^ p. 0. 2d debenture
stook was authorized. See clroular, V. 71, p. 1120, as to rights, etc
Of the second debenture stook £150.000 was sold to the shareholders
and £1,000,000 to the Government of Mexioo at 90^ per cent, to retire
the £735,391 seven per cent "A" debenture stock called for payment
on Mar. 31. 1903. V. 75, p. 907, 981; V. 76, p. 382.
Earnings.—July 1 to June 25, 1901 (11% months) gross, $5,007,910,
City, Mex.,
against $5,133,020 in 1902-3.
INDUSTRIAL STOCKS AND BONDS.
1912
Net in *.
Net.
Gross
Tear ended June 30:
£65.439
(Mex.) $5,224,396
(Mex.) $-!49,609
1902-03
73,320
(Mex.) 4,3i2,461
(Mex.) 883,953
1901-02
Net revenue account for 1902-03 showed * 14,933, applied to interest on 4% p. c. debenture stock. 8eo.. C. E. Soruby: Tmas. H. Friederichsen. 9 New Broad St., London
(V. 77, p 2035; V. 78, p.287.)
Mexican Railway, Limited.— City of Mexico to Vera Cruz,
264 miles; Puebla branch. Apizacoto Puebla, 29 miles; Pachuca branch,
Ometusco to Pachuca, 28 miles; total, 321 miles.
Organization.—Incorporated Aug. 20, 1864, as Imperial Mex. Ry.
'03.
1904.
Dividends on < 1897. '98. *99. 1900. '01. '02.
lstpref.
(p. c.) I
214
25,„
3%
3ie
27
1%
„
53 16
2
Earnings.—.Ian. 1 to Sept. 24, 1904, 8% months (Mexican currency),
fross, $1,369,200; in 1903, $4,400,500. Forbear 1903, gross, $\516,61, against $5,145,791 in 1902; net above operating expenses, $2,196,398; total net revenue, £201,241; deb. interest, £120,000; div.,
ZH
p. c, £79,814.
Secretary, John T. Denniston, London, Eng.
St., E.
(V. 66, p. 1001.)
C—
Broad
London
offices,
45
New
Mexican Southern Railway, Limited.— Puebla to Oaxaca, Mex., 228 m.; sidings, 11 m.; all narrow-gauge; branch, 32 m.,
Tehuacan to Esperanza; other, 3 m.; total, 262 m.
Organization.— Chartered in 1889. Concessions commuted by payment in 1892 by Mexican Government of $8,<»00,000 6 per cent 50year silver Mex. Govt, bonds. These bonds are subject to sinking
fund of ^ per cent per annum, and expire June 8, 1990, when the
road passes to the State without payment, except for stations, rolling
stock, etc. In 1896 reorganized per plan in V. 63, p. 229.
Securities.— Principal of 1st debenture stock is redeemable at 110
per cent out of sinking fund from redemption of $8,000,000 Mexican
silver bonds, deposited under trust deed. Interest on 2d debentures
is payable only out of profits on Feb. land August 1. On ordinary
shares 1 p. c. was paid for year ending March 31, 1897; year 1897-8.
114 p. c; 1898-9,1^3 p.c; 1899-0, 2 p. c; 1900-1. 2^ p. c.; '01-2, 213 p. c;
'02-3, 2 p. 0.; 9 mos. ending Dec. 31, 1903, l 7s p. c. paid May, 1904
Earnings.— For 9 mos. ending Deo. 31, 1903, gross, £72,72 =>; net
£28,236; total net income, including interest on $8,000,000 Mex
Govt, subvention bonds, etc., £62,069; charges, £40,41*; div. (l'g po.)
£18,750; bal., forward, £10,466; bal., £8.367. In year 1902-3. gross
£81.024; net, £27,372. Jan 1, 1903. to Sept. 21, 1904, 8\ mos. (Mex
cur.), gross, $852,074; in 190 J, $737,139.
Officers.- Chairman, G. E. Paget; Seo. Thos. Linton, 53 New Broad
St., London, E. C.-(V. 63, p. 229, 1112.)
Houghton, Mich., to Calumet, Mich., 14
Mineral Range
miles; Hancock to Fulton, 21 miles; branches. 27 miles; South Range
extension, Keweenaw Bay to Michigan Mine, 39 miles, opened Deo. 24.
1900; trackage, 26 miles; Mohawk RR. operates 16 miles; total, 143
miles, all standard gauge. On June 1, 1901, the Hanoook & Calumet
RR. was n erged (V. 73. p. 785). In year 1895 paid dividends lOk
&o.;inl896, 7 p.c; 1897, 7p. o.;1898, 3>s p. 0; none since to 1903. In
ar 1903, authorized stock was Increased to $1,200,000; outstand
ing, $1,085,000, par $100.
Bonds.— Consols for $7,000 are reserved for $11,100 old bonds
Of the $593,000 outstanding, $339,000 are 5s; the Canadian Pacific
on June 30. 1904, owned the remaining $254,000 (which are 4s), and
the $1,000,000 general mortgage 4s, both of which it guarantees as to
Interest. V. 75, p. 554. See V. 73, p. 556, 616; V. 73, p. 785. Of ton
nage in 19C2-3 84 p. c. was ores and mining products.
Eabntnos.— For 11 months ending May 31.
Balance.
Other inc. Charges.
Gross.
Net.
11 mos.
$=S34,604
def $40,06H
1)03-4
$704
$104,208
$63,441
RR.—
,
ized, $200,000.
Tn Feb., 1902, obtained authority to issue $200,000
bonds. V. 74, p. 207. For year 1902-03, gross, $41,857; defloit under
oper. exp., $1,870 - (V. 74, p. 207; V. 75, p. 343; V. 77. p. 825 )
Warren &. Corslcana Pacific Rv.— Warren to Campwood, Tex.,
20 miles; extension projected from Warren to Corslcana, about 150
miles Stock, $100,000. par of shares, $100. In Nov 1901, application was made for authority to issue bonds at $15,000 per mile President, J. T Campbell of Houston, Tex.; Treas. and Gen Man., I.
Campbell Secretary, Y. W. McNeil For year ending June 30, 1903,
gross, $36,892; def. under oper. »xp., $1 1,449.- (V. 77, p. 1226 )
,
L
;
Washington & Franklin Ry.—Hagerstown.Md., to
was built
The line
amount of debentures. V. 72, p. 582; V. 74, p. 479.
The consolidated 1st mortgage 5 p. o. debenture stock of 19001s
a £750,000 issue, secured by a first mortgage on the £752,223 bonds
and the entire stock of the local companies owning the railway. As
to retire a like
to sinking f and, see V. 75. p. 1300.
Dividends.— First cash dividend of 5 per cent paid Apr. 22, 1901,
and also In August a 25 per oent stock dividend, the two together representing the profits of the first three years to June 30, 1901; Dee.,
1901, 5 p.c; in 1903, July. 2ig p.c; in 1904, Jan.. 2^ p.c.; July, 2^p.o.
Report for year ending June 30, 1903, was in V. 77, p. 2 1 56, showing
net profit above interest on debentures and debenture stock, £60,410;
brought forward from last year, £66,128; total, £126,538; dividend
5 p. c), £68,750; bal., sur.. £57,788.
Pres., S. H. Graves, 1016 Chamber of Commerce Building, Chicago,
111.; Sec, F. C. Elliott.— (V. 75 p. 1 300; V. 77, p. 2 1 5 «.)
INDEX TO ADDITIONAL COMPANIES.
77
78
72
71
78
Amer Klec. Heating. .Sup. July,
American Graih-o-phone
78
77
American Grass Twine
Amer. Hawaiian Steamship. .78
Anier. La France Fire EDg... 78
American Lime & Stone
73
American Lumber
74
Amer.Mutoscope ABiograph.70
Amer. Pipe Manufac'ng
.78
70
American Rice
American School Furniture. .78
.75
American Screw
74
American Sparklets
\mer. Woodworking Macn.. 73
RR.—
&
RR.—
.
New
&
,
New
>
.
,
,
,
Northern Consolidated Holding Co.—
Ry. of Canada interests, ensuring the operation of the two systerup
practically as one property. V. 76, p 704 Stook authorized, $8,000,
000, all of one class. President, James 8. Lovell; Secretary, William
Bain. (V. 76, p. 704.)
& Western Ry.— Owns Bellaire, O., to Mill Run,
O.
Also own*
Ill miles, three-foot gaute; trackage to Zanesv lie, 1 mile
majority stock of International Coal Co., holding 25,00o acres adjoin
lng road. Successor Jan. 1, 1903. to Bellaire Zanesvtlle A Cinoinnat
RR. To be siandard-gauged and operated by steam for freight am:
electricity for passenger business. Stook, common, $3,000,000; pref.
6 p.c. non-cum.. $2,000,000, par of shares, $100. Bonds are subject
whole or in part, in or after 1908 at 110. V. 76, p. 48, 102.
Gross, $3\688; net. $8,^81
Latest Earnings.— 2 mos.,? 1904
Gross, 37,813; net, 9,13f
$1903
July 1 to Aug. 31.
In year ending June 80, 1904, gross. $210,267; net, $5?,914
Pres., Arthur E. Appleyard, Boston; See, W. R. Pomerene, Coshocton,
O.; Treas., W. R. Mitchell, Bost.— (V.75,p.ll48; V. 76, p. 48, 102, 159.)
to call, in
Velasco Rrazos &. Northern Ry.— Road from Anchor to Velasco,
Tex.,
20 miles.
ham & New
Co
79
78
75
75
76
78
UlasTack
2392
1960
672
l n 14
818
1898
2444
lb76
990
13^3
617
98
431
1226
585
178o
1408
885
1368
393
1«2>
160
23]
1<>88
908
1033
Berlin Paper Mills
1!69
Borax Consol. Limited
666
Borden's Condensed Milk. ...76
635
70
Boston Quicksilver
644
British Colun bia Pack. As'n.76
70
586
Brooklyn Borough Gas
618
Brooklyn Gas 4 Elec. Light. .73
73
139
Butte Electric A Power
Calif. Gas A Elec. Corp
ST. KY. Sec
i&i
anadu Furniture
72
1117
Carter-Crume Co
71
78
833
'asein Co. of America
34
77
r.i nt ral Coal A Coke
238
Central Hudson Steamboat.. 71
78
625
entral Oil
764
76
'bicago Pack. A Provision
1273
hlca*o Railway Equipment.78
729
'incinnati Kdison Electric... 74
79
154
Cincinnati Gas A Electric
2282
ity of Chic. Brew. & Malt... .77
Cleveland A Sandusky Brew. .77 2282
178
Columbian Elec.Car L.AB.ke.70
76
1146
Columbus (O. Edison
164H
Commonwealth T bacco
79
453
C mputlng Scale of America.77
1013
Consol. Telephone of Penn...73
688
'oiitinental Cotton Oil..
70
1464
Continental Rv. Equipment. .79
346
78
ontra Costa Water Co
1025
79
rampSt.el
2601
78
Danville Bessemer Co
7S6
79
Diamond State Steel
76
481
Deere & Co Moline. Ill
69
494
Denver Union Depot
7>»
126"
oupont (E I.) Do Nemours..
1288
Eastern Milling A Export.... 79
-1 mini Kodak
1498
78
78
48
Electric Corporation
29<
Nllectro-Pneumatic Transit.. 75
1708
federal Mluing A Smelling.. 79
630
79
Federal Sugar Refining
79
504
Federal Telephone
74
729
Klemington Coal & Coke
75
1*58
forward Reduction
76
79
H'owler Bros.. Llm
Jot tlieo-Baueru. Straus Br'w.7n
1644
862
77
Great Northern Paper
2387
79
u reat Western Cereal
79
17" 6
Greene Consol. Copper
2440
lufl-y (J. m.i Petroleum... .78
7=>
293
Hammond (G. H.) Co
—
)
,
.•:.-i
Organization —Incorporated In Ontario, Canada, late in 1903. Hold?
a majority of the stock of the Great Northern Railway of Canada
(which see below); also of the Montfort & Gatlneau Colonization Ry.
Montfort Jot. to Arundel, 33 miles, a bran h of which is to be built
from St. Jerome to St. Sauveur, 13 ht miles, and of the Chateaugay A
Northern Ry., Joltette to Montreal, 36 miles.
Control will be held by the Canadian Northern and Great Northern
Ohio River
73
78
associated Oil
105
907
163
A
American Brake Shoe
Foundry
American Caramel
American Cement
American Confectionery
American Cereal
Ulantic Transport
Baltimore Brick
Scanlon, Minn., northMinnesota
Nortli "Wisconsin
east 50 miles to timber lands in St. Louis County; extension proposed
to Duluth <& Iron Range RR., 12 miles. Stock authorized, $350,000
Bonds mature $30,000 yearly on Jan. 1 to 1907, inclusive, and balance
on Jan. 1, 1908, and are guaranteed, principal and interest, by the
Messrs. Brooks Brothers and M. J. Scanlon, and cover in addition to
road 20,000 acres of land in Beltrami and Hubbard Counties, Minn.;
the Minnesota Loan & Trust Co., of Minneapolis, is mortgage trustee
V. 74, p. 379. For year 1903-04, gross. $237,158; net, $89,^56; digs
$36,898. Pres., D. F. Brooks; See, H. E. Gibson; Treas., P. R. Brooks.
Muscatine, Iowa, to Elrich,
Muscatine Nortli &. South
On Iowa Central, 28 miles, with which has traffic contract. In March,
1903, Charles Howard was appointed receiver. V. 76, p 654. Fore
closure sale adjourned to Oot 5,1904. Stook, $450,oo0; par, $100.
Year 1902-3, gross, $48,624: def. under oper $21,070 President,
Walter M. Gorham. Phila.-(V. 78. p. 1907; V. 79, p. 152..968.)
Ry.—Norton Station (on Intercolo
Hrunswick Coal
nial Railway) N. B., to Chipman, N. B., 46 miles, opened in 1888,
Name changed from CentralRy. of New Brunswick early iu 1904. Stock,
$900,000. all outstanding. Bonds issued. $540,000 fifty year coupoi
6s ($1,000 each), due Nov. 1, 1937, int.. M.-N., payable iu New York
N. Y., London, England, and St. John, N. B.; Central Trust Co., N. Y..
Trustee. Year ending June 30, 1902. gross, $7,332; def. under operat
lng, $29,394. Pres C. N. Skiuner, St. John, N. P.— <V. 63, p. 116.)
Jesey Terminal Ry.— Owns road extending from a p >int
in Carteret. N. J , t a connection with the Perth Amboy A Woodbridge branch of the Pennsylvania RR 7 miles. Stock, *5O0,0OO, all
outstanding; par of share-", +100. Bonds, see table above. President,
Edward 8. Sava.-e; Seo F. V. Dobbins, 31 Nassau St N. Y.; Treas
W. H. Corbin Office, Carteret, N. J.— (V. 76, p 865, 1144.)
In Sept.. 1903, representatives of the Denlson Boi.
Orleans aoqalred oontrol. V. 77, p. 825. Stock author -
VoU Page
Vol. Page..
7»
Ala. Consol. Coal & Iron
A' abama A Georgia Iron
69
Alabama Steel & Wire Corp.. 79
$8,887— (V.
73, p. 785.)
in
;
Ames Shovel
Armour & Co
91,314
510,123
Report.— For year ending June
Quinsonia,
1898 and extended from Quinsonia to
is leased to Western Md. for interest on
bonds ant 5 p. c. on $150,^00 stock. The Rending Trust Co. is mortgage trustee.— (V. 72, p. 676 V. 70, p. 478; V. 73, p. 392.)
White Pass & Yukon Ry.—Owns a narrow-gauge line 110 miles
in length, extending from Skaguay Harbor, Alaska, to White Horse.
(V. 69, p. 335; V. 67, p. 1162, 1188); also operates steamers between
White Horse and Dawson City. V. 73. p. 443; V. 75, p. 1300.
Organization.— Incorporated under English Companies Aot.
Secukitihs.— Capital stock authorized, £1,700,000 as inoreased in
Mar., 1901. Of the £700,000 new stock, £255,555 will be reserved
Pa., 14-37 miles;
Zumbro, 5 miles.
def. 13,443
107,163
2,405
30, 1903, gross, $560,458; ne*
over taxes, #71,835; other income, $2,637; interest, $83,360; defioit,
1902-3
[Vol. lxxix.
Harbison Wa'ker Refract's. .79
75
Harper* Bios
79
Houston Oil
79
Hudson River Telephone
Hudson River Water Power. 7-i
79
78
74
nteruational Car Wheel
Intern tfmery A Corundum. .71
international Fire Engine... 78
Illinois Brick
Illinois Tunnel
nter.Smoke. Powder A0hem.7H
inter 81 ate Tel^pb. of N. J... 78
lersey City Water Supply ...74
ones * Langhlin Steel Co. .76
.
I
Kanawha AHock. Coal ACoke.78
79
Kansas City Stock Yards
70
-rn Incandescent Gas L
79
Kings o. Lighting
->
<
—
itirby Lumber
La Belle Iron Works
Lansto j Monotype
79
79
Machine. '8
164
1089
272
287
2602
18<8
820
271
1015
139->
1 <26
771
730
1088
46
603
634
216
102
1288
2602
Lincoln Gas & Electric
Louisville Lighting
78
7->
ManhattanOil
72
Manhattan Transit
77
Manhattan Typewriter
72
ManvilleCo
72
Marconi Wireless Telegraph. 78
Massillon Coal Mining...
73
Mexican Coal A roke
...'-8
Michigan Mate Telephone ...78
Milwaukee & Chicago Brew.. 79
Monongahela Light A Power. 73
Montreal Light,
76
* P
Mosler Safe Co. of Boston
70
National Car Wheel
77
National Cash Register
78
H
85
2337
186
2101
440
1037
1278
141
1909
2446
1644
1168
103S
840
826
1262
661
618
346
488
872
165
1750
1268
99
36
National Fireprooflng
76
National Gramophone
78
Nat. Roofing it Corrugating.. 71
National Sugar Refining
72
National Typewriter
68
New England Brick
79
New Engl. nd Consol. Ice
77
New Haven Iron & Steel
79
New Jersey Zinc
74
New Orleans Brewing Co ....73
New Orleane Gas Light. ..Bt RY. SOP.
Newport News phip Building
76
1305
& Dry Dock
New York Auto-Truck
1196
69
N. Y. A Ontario Land..SrjP Jan., 1900
N, Y. A Penn. Tel. A Tel
1128
71
New York Shipbuilding
1306
75
New fork Suburban Water.. 74
99
79
156
N. Y. Tranep<<rta Ion
Nortd. Ala. Coal, Iron A Ry .72
242
North Amer. .umber A Pulp. "6
690
Nova Scotia Steel & Coal
1464
79
976
Oceanic Steamship
76
1786
OgdenGasCo. of Chicago.
78
Omaha Elec. Light A Power. 77
801
Passaic Steel Co.. Paterson..78
976
Penrsons Taft Land Credit. 77
826
Pennsylvania Furnace
77
454
Pe.nna. Sugar Refining
78
992
Pittsburg Brewing
77
2167
Pittsburg Plate Glass
1966
78
Pittsb u rg Sto ve A Range
79
1884
Pitts. Valve A Constr
71
1015
Pure Oil
876
72
Quaker Oats
78
818
Quaner Portland <"ement
76
814
Railroad Equipment
73
80
Railway Automatic Sales
76
83
Rapid Transit Ferry
1134
68
Reece Buttonhole Machine.. 78 1396
Rnode Island Perkins Uorse.
I
Sboe July. *0S, Sup.
Joseph Stock Yards
78
St.
St.
St.
Louis Consol. Elevator
69
Louis Nat. Stock Yards.. 74
St.L.Terru. Cup. 8txt. A Prop.79
Schoenhofen( Peter) Brew.Co.77
Seacoast Packing
76
Sharon Steel
78
Shillito (John) Co of Cincln.69
Snoqu. Falls A Wh. Riv. Pow.75
Sprague Electric
74
Standard Chain
79
Standard Shoe Machinery.. ..78
standard Steel Car
78
Standard Typewriter
79
Standard Underground Cable. 78
Stetson (John B.) Co
76
Storage Power
.77
Street'sWest Stable CarLine.78
Street Ry A Ilium. Prop
77
Susquehanna Iron A Steel.. .77
Tacoma Land A lmprovem't.77
.
Tennessee Copper
78
73
TorringtnCo
Union Brick Co. of New Eng. 70
Union EleotricL lghtA Power,
868
767
1096
628
827
766
1227
229
1048
1148
790
1268
1114
737
1648
269
160
824
618
2162
87
992
1206
88
1898
296
1334
1209
U.S. Coal A Oil
...SUP. Jan.. 1803
United States Glass
737
79
United States Gypsum
160
79
United States Packing
1601
78
34
U. S. Piieum. Horse Collar... .78
8890
Untted States Printing
78
Utah Fuel
8016
78
Utica Gas A Electric
48
78
7S
1980
Vulcau Detlunlng
Washburn Wire
2*88
77
Whltebreast Fuel
69
1262
White Mountain Paper
969
79
Ynungstown Iron Sheet A
Tube
484
74
St.
78
Louis
Union Iron A Steel
77
Union Nat. Gas Corp., Pitts. .79
Bobbin A Shuttle
U. S.
76
.
b
b
. .....
.
.
.
.
BANKS, TRUST
Oct., 1904.
NEW YORK AND BROOKLYN BANKS.
Capital.
Par Amount.
COMPANIES.
profits.!
NewYork 1
Period. 1902. 1903.
100 1,500,000 3,556,400 J. & J
Amerioa
Am.Exoh... 100 5,000,000 4,271,800 M. &N.
100 350,000 572,500 Q.-F.
As tor
100 250,000 773,400 Q.— F.
Bowery*
J. & J
a
Broadway / 25 1,000,000
84,700
50,000
Bronx Baro 100
Buteh's'&Dr 25 300,000 123,000 J."&"j
J. & J.
r«>
Central e .. 100 1,000,000
63,300 Org. Ap
100 100,000
Century *
4,034,200 J. & J.
100 1,000,000
Chase
Chatham .. 25 450,000 1,087,600 Q.-J.
61,U'0 Beg. bu
Chelsea Ex 100 100,000
100 300,000 7,69 ,600 Bi-m'ly.
Chemical.
615,800 J. & J
Ortiz's' Cen.e 100 e2,550,ono
100 25,000.000 17,657,200 M. & N.
City
Coal A Ir.d 100 300,000 18^,800 ieo foot
100 100,000 243.100 J. <fa J
Colonial*
Columbia* 100 300,000 291,800 J. & J
Commerce p 100 25.000.000 ll.87o.100 Q.-J.
. .
I
.
.
(For detailed statements see Chronicle July
%
Latest.
July'04.10
Nov '04. 5
20
13
Aug. '04. 5
Nov '04. 3
Jan. '03. 6
Bowling Gr'n.
None None July '04. 3
Cent. R.B.& T.
8
20
13
12
6
Jau. '04. 4
r.'Ol. V. 72 p. 755.
12
20 July*04. 6
16
16 Oct. '04. 4
8
8
,
Ap
8.
150
r.
'03. V. 76. p.
150
6
6
8
6
note (d).
1006
Oct. \)4.25
Ha
May '04. 4
July'O.
None None July '04.
5
July'04. 4
8
«6iap Oct. '04. 2
8
8
Cons'lidated 100 1,000,000 1,129,900 Org. Jul y,'02; V.75 p. 588,643.
49,300 V.76,p 1170, 1277
Cooper Ex.* 100 100,000
Aug/04. 7
14
Corn Exoh * 100 2,000,000 3,318,500 F. & A, 12
36,400 Beg. bu s. Jul y,i90 3V.77.nl21
100,000
Discount*.. 100
July'04. 4
8
8
East River.. 25 250,000 133,000 J. & J.
(fij
Org. Ma y.190 2; V 74, p. 1119.
Equitable h. 100 x 200,000
.
Federal */.
250,000
ff)
200,000 122,500
250,000 379,200
100,000 1,785,400
10000000 1393 2700
3,000,000 2,943,300
100,000 116,700
1,000,000 2,262,700
81,900
200,000
100
.
Fidelity*.... 100
100
Fifth
Fifth Ave*.. 100
100
First
100
Fourth
14th Street* 100
Gallatin
50
Gansevoort* 50
Garfield
100 1,000,000
Germ'nAm.* 75 750,000
Germ'n Ex.* 100 200,000
Germania*. 100 200,000
Greenwich*. 25 500,000
Hamilton* 100 200,000
Hanover .. 100 3,000,000
lmp.& Trad. 100 1,500,000
100,000
Internat'l*. 100
Irving
50 1,000,000
Jefferson * 100 400,000
Loath. Mfr 100 600,000
Liberty
100 1.000,000
Lincoln
100 300,000
Maiden L'ne 100 250,000
Manhattan * 50 2,050,000
Mkt & Fult. 100 1,000,000
Mechanics' g 25 1/3,000,000
Mech. & Tr
25 700,000
Mercantile t. 100 <3,000000
Merchants'
50 2,000,000
Meroh. Ex. 50 600,000
.
.
</
100
100
100
100
50
100
100
100
100
100
N. Amerioa 100
Northern
100
Oriental*
25
Pacific*
50
Park
100
People's* .
25
Phenix
20
Plaza*
100
Prod.Exeh.* 100
Kiverside*.. 100
Royal*
100
Seaboard
100
Second
100
Shoe& L'thr 100
State*
100
34th Street 100
Pwe'f.Ward* 100
23d Ward*.. 100
Union Ex.*. 100
United
100
Variok*d... 100
Wash. H'ts.* 100
West Side
100
Yorkville*
100
Metropolis*
1,000,000
Monroe*...
Mt. Morris*
Mutual* ...
Nassau* ...
N. Amst'm.
New York.
N. Y. County
N.Y.N. Ex.
Nine'th W'd*
. .
. .
200,000
250,000
200,000
500,000
500,000
2,000,000
200,000
1,000,000
200,000
2,000,000
300,000
750,000
422,700
200,000
1,000,000
100,000
1,000,000
100,000
100,00(
500,000
300,000
. .
.
1,000,000
100,000
200,000
200,000
100,000
75 >,000
1,000,000
100,000
100,000
200,000
100,000
Borough*
a. 100
Broadw'y*.. 100
Brooklyn*.. 50
City
50
Con.I.&BB" 100
First
100
Manufao'rs' 30
Mechanics' * 50
Merchants' 100
Nassau
100
North
Side.*
100
Peoples'*... 50
Prosp't P'k* 100
17th Ward*.
Sprague
Stuy ves'nt
Union*
Wallabout*.
+ Sept.
6,
517.300
682,700
878,300
539,600
123,300
8,645,100
6,605,200
10,100
1,062,100
304,000
(il)
&
100
100
50
100
100
1904, for
Jan
J.
See V. 71,
&
'04.
J.
735.
July'O
5
L147.
12
p.
12
Q.-J. 100
25
Q.-J.
J. & J.
7
M. &N.
6
A. & O. 12
J.
1.
6
200c Oct. '04.25
20 Oot. '04. 5
7 July'04. 3i«
Nov '04. 3
6
12 Oot '04. 6
F. & A. None None Feb. '96. 2ia
20 Sep. '04. 3
Q.-M. 20
Aug.'04. 3
F. & A.
6
6
14 July '01. 7
13
J. & J.
20 Nov '04.10
M. & N. 20
Nov '04. 3
M. & N.
6
6
July'04. 3
6
6
J. & J.
10 July'04. 5
10
J. & J
July'04.10
20
20
J. & J.
Beg. bu s. Ma y.'03 V.76, p. 1277
July'04. 4
8
J. & J.
8
J.
J.
&
&
J.
J.
1,932,400 Q.-J.
1,370,200 Q.-F.
13,300 Began
2,415,500 J. & J.
luly'04. 2ia
ii" Jan. '04. 6
10
20
18
us.
10
16
18
F
eb. 1,'
12
Oct. '04. 4
Nov
04
'04.
9
V.78,p.882
july'04. 6
Nov '04. 2
8
1912 Oct. '04. 4
408,900 J. & J 10
10 July'04. 5
250,200 J. & J. None None July'OO. 3
245,000 J.
J ...... ..„. July 04.10
518,300 A. & O
Oot. '04. 313
106,600 Q.-J.
Oct. '04. 2
8
8
12,300
...„. ..„. V. 75, p. 162.
1,409,600 J."&"j
July'04. 3
,426,600 J. & J. 12
12 July'04. 6
625,000 Q.-F.
8
15
&
359,700
682,200
202,500
114,300
105,400
517,400
130,200
Q.-J
3
None July '02.
1
20 July'04.25
J. & J. 20
jg bu S.Oct 1902 ;V.75,p.771.
Iuly'04. 3
J. & J
6
6
Aug/04. 2ia
F. & A.
5
5
Beg. bu s.Jun \'03. V.76,p.l332
Began usine 88 NO v. *0l.
(d)
Began b usine 88 Ja n. 2. '01. (d)
135,200 Beg. bu s.Sep t. '01; V 73, p. 422.
529,900 J. &
12
12 July'04. 6
285,300 J. &
July'04. 5
11
200,000
150,000
300,000
300,000
100,000
300,000
252,000
500,000
100,000
300,000
100,000
100,000
100,000
100,000
200,000
200,000
200,000
100,000
91,800 Org. in Apr., 1902; v. 74, p. 863
337,000 J. & J. 10
16 July'04. 6
161,300 J. & J.
7
7 July'04. 3ia
589,9t)0 J. & J
14
14 July'04. 7
41,985 M. & S
2>a Sep. '04. 5
601,100 Q.-J
20
16 Oct, '04. 4
581,600 Q-J.
11
12 Oct. '04. 3
407,200 JanM'y 10
10 May '04. 5
63,300 J. & J.
July '01. 3
741,50'> J. & J. 16" 16" July'04. 8
162,200 J. & J
6
6 July'04. 3
184,700 M. & N.
May '04 4
8
8
25,000JBeg.bUP .Oct. 04. V 79, p. 1617
89,600 F.
6
6 Aug.'04. 3
233,800
6
6 July'04. 3
155,278
July'04. 2>a
"5"
5" July'04. 2ia
116,000 J.
84.400lj.
5
5 Julv'04. 2ia
National, and Sept. *, 190*. lor State banks,
a Borougn
Bank consolidated in September, 1903. with Eighth Ward Bank; V. 77, p. 809,
920.
b Capital of Stuyvesant Heights Bank Increased from JiOO.oOO and Atlnntic Bank merited in same ; V. 77, p 174.277.
e Special dividend 100 per cent
d The Coal & Iron Nat. Bank began business in April. 1901
Said July 1. 1903.
aving previously absorbed the Varick Bank. V. 78. p. t>82. 1201,1368,1446.
The Central Nat. and the Na\ Citizens' banks consolidated in Mar., 1904, under
name of Citizens' Central National Bank V. 78, p. 262. 560, 1> 8-1, 10i7, 13rt8,
16W.
/The Federal Bank failed in April, 1901. V. 7-1. p. 1*26, 1 »78, 2577.
BTne Leather Manuf -teturera' and Mechanics' National banks consolidated in
April, 19ut, under Dime of Mechanic*' National Bank.
V. 78, p. 3i3, 963, 1087.
142>J, 1473,
h Involuntary liquidation. V. 7S, p. 681.
p Western Nat. Bank
consolidated with Nat. Bank of Commerce In June, 1803, and capital of latter
increased to $25,000,00^; also on completion of merger paid (September, 190
a dividend of 67V* per cent to National Bank of Commerce stockholders: V.76.
p. 1169, 1277, 1831, 13*S
V. 77. p. 2 7. 740, 933.
t The Nat. Broadway and Sev
enth Nat. banks merged with tbe Mercantile National undername of the latter,
and capital of the Mercantile increased to $3,»,.>,i>00; see V.76, p. 31, 186,
72, 788, 896.
x Application made to increase capital to 1500,000; V. 76, p. 12.
e
;
Bankers'
Central
City
Colonial
Com'nwealtha
Continental 6..
Eastern
Empire d
Equitable
Farm. L. & Tr.
Fifth Avenue..
Guar.Tr.,N.Y.
Ouardlan
Italian-Araer.
Knickerbock'r
Linooln
Manhattan
.
.
100
100
100
100
100
100
100
100
100
100
100
100
25
100
100
100
1,000,000 626,219
2,500,000 2,808,970 J.
700,000
430,137
cl, 000 ,000
4,453,051
1,000,000 12768543
1,000,000 1,775,686
1,000,000 1,476,331
18,749
500,000
(b)
1,000,000
1.000.000 991.502
rf500,000 rtl.014,293
3,000,00< 9,298,843
1,000,000 6,967,667
1,000,000 1,348,285
2,000,000 5,125, 85H
500,000 539,041
50,000
500,000
ibo 1,000,000 2,329,576
100 500,000 574,791
30 1,000,000 1,809,899
(d)
McVio. R'lty d 100 500,009
100 2,000,000 6,329,276
Mercantile
Merchants
100 500,000 1,201,166
Metropolitan 100 2,000,000 6,016,479
Morton
100 2,000,000 6,145,863
Mut. Alliance. 100 500,000 507,490
N.Y.Lf.I.&Tr. 100 1,000,000 2,674.285
N.Y.Seo.&Tr.o 100 63,000,000 ')9,239,945
No.American 100 2,000,000 3,188,910
Real Estate... 100 500,000 647,231
Standard
100 1,000,000 948,498
Title Gu.&Tr.. 100 4,375,000 4.646,547
Tr. Co. of Am. 100 1,000,000 3,141,565
Union
100 1,000,000 7,578,724
U.S.Mort.&Tr. 100 2,000,000 3,508,099
United States. 100 2,000,000 12250114
Van Norden.. 100 1,000,000 1,138,537
Washington . 100 500.000 972,414
Windsor
100 1,000,000 48i,520
&
•03 Last Paid.
Oct., '04.
July, '04.
J.
M.&N.
J. & J.
%
Ii2
3
Q.-J. 60
20
80
Nov..'04 3
July, '04. 6
Oct., '04.15
8
10
8
10
J ul v. '04. 5
pr. 1
'02.
F.
J.
6
&A
&
J.
Beg bu
Q.-M.
A
s
6
Beg.bu s.Ju
Org. in 190
Q-M. 6
Q.-F. 40
Q.-M 17
12
Beg.bu sAg
Beg.bu s. in
J. & J.
7
Q-M
Org.
M
J.
J
&
Aug
,'04.
V.74,p.667
Dec,
6
4
'03.
li«
ly'O 2.V.75,p.9. 12
2;V. '5, p. 1231.
9 Sept.,'04. 2»*
40 Nov., '04.10
12
25
Sept.,'04. 3
8ept.,'04. 5
'02.; V. 75, p. 422.
Oct '04.V79p.1617
20 h June,'04.18
ar'O 2 V. 75, p. 114.
6 10 July,»04. 5
Q.-J. 30
See V. 69,
J. & J. 10
Q.-M. 15
Beg.bu s.J*l
J. & D. 40
Q.-F. 29
30
p.
Oct., '04.
1
13
20
5
131, 1227.
June,'04. 8
Sept. '04. 5
V/02 V.74,p.917,1336
40
32
10ia 7
10
9
6
6
June/04 20
Sept. ,'04. 5
June,'04. 3>«
July, '04. 5
J & J.
June,'04. 3
J. &D.
Q.-M. 15 12 Sept. '04. 3
9ia Oct., '04. 3*2
Q.—J. 7
Q.—J. 40 50 Oct., '04.121a
See Mi seel lane ous Cos.
50 July, '04.25
J. & J. 50
ar.'O 2. V. 74, p. 757
Beg.bu 8.
Q-J. 14 12 Oot., '04. 3
V.75,p .9,7 11, 1378, 1331.
J.
&D.
M
Brooklyn.
100 1,000,000 1,898,741 Q.-J. 16 16 Oct., '04. 4
6 July, '04. 3
100 200,000 1 50,03 i J. & J. 5
1001,000,000 1,565,391 Q.-M. 12 12 Sept. '04. 3
8 Nov..'04. 2
100 500,000 920,011 Q.-F. 8
100 500,000 1,354,066 Q.-F. 10 10 Nov. ,'04. 3
10
10 Oct., '04. 21*
LongI.L.&Tr.. 100 1,000,000 1,443,497 Q.-J.
Nassau
6 Aug.,'04 3
100 500,000 516,591 F. &A. 6
Peoples
100 1,000,000 1,527,512 M'thly. 12 12 Nov.,'04. 1
Williamsburg 100 700,000 482,827 Q-J. 9
8 Oot., '04 2
a Trust Co. of Republic reorganized and name changed as above. V. 76, p.
117", 1332; V.77. p. 174, 6 9.
b In March, 1904, Continental and N. V. Security
c In
& Trust cos. consolidated under name of latter. V. 78, p. 7*8, 797, 10-6.
March, 1904, capital reduced from ttf.dOO.OOO. V. 7a. p 797, 1037.
d The Empire State and McVickar Kea'ty trust cob. were merged in March, 1901, under
name of Empire Trust Co. V. 77, p. 2259; V. 78, p. 551, 681, 797, 1801, 1426.
Brooklyn
Flatbush
Franklin
Hamilton
Kings County.
10
10 July'04. 5
&
July'04. 5
8
8
&
i/3,281,600
3^7,200
July'04. 4
&
3
8
4,361,500
July'04. 4
&
7
8
1,364,700
&
7
7 July'04. 313
358,700
6
&
6 July'04. 3
1,456,300
12 J'ne,'04. 6
& D. 12
'0 3.V.77,p.229
75,900 Beg. bu s. An
118,900 M. & N None
Nov '04. 4
8
NEW YORK AND BROOKLYN FIRE INSURANCE COMPANIES.
193,000
July'04. 3
321,400 M. & N.
May '04 4
8
8
Capital.
Net surp.,
Dividends.
554,700 Q.-J.
24
32 Oct. '04, 6
Companies.
Dec. 31,
2,522.800 J. & J. 10
10 July'04. 5
1903.* 1901. 1902. 1903. Last Paid. %
Par. Amount.
667,900 J. & J 50
75 July'04.25
869,100 Q.-F.
Nov '04. 2
6
8
Com'nw'lth
100 500,000 430,283
6
6
7 July, '04. 3
196,800 J. & J None tfone Jan. '97. 3
Continental.
100 1,000,000 6,563,428 25
25
30 July, '04.18
2,035,200 J. & J.
8
8 July '04. 4
Empire City. 100 200,000
25,492 None
3 None Jan., '04. 3
213,700 Org. in Apr.' 02, V. 74, p. 1065
German Am. 100 1,500,000 5,633,249 30
30
30 July, '04.15
L.058,300 J. & J
10
10 July'04. 5
Ger.Alllanoe 100 400,000 501,406
10 July, '04. 5
6
6
1,297,300
3,000,000 7,064,200 Q.-J.
.
Brooklyn
1,2^4,100
J.
Profits
Par Amount. J'ne30'01 Period. '02
Broadway
30, 1904.)
Surplus & Dividends paid In '02 and '03,
Undiv'ed
and also last dividend.
Capital.
Companies.
19
8
17
1913
COS., ETC.
NEW YORK AND BROOKLYN TRUST COMPANIES.
Dividends.
$
.
INSURANCE
State banks.)
(*
Surplus &
undivid'd
COS.,
—
.
.
Germania
Hamilton
Hanover
. .
. .
Kings Co
Nassau
NewYork...
Niagara
North River.
Peter Cooper
Phenix
Stuyvesant
Unit'd States
Westchest'r
W'msb. City
'
50
15
50
100
20
50
100
50
25
20
50
25
25
10
50
15
6
16
6
8
13
1,000,000 2,518,464
150,000
33,839
1,000,000 630,227
3,000,000 6,574,751
75,279
200,000
8
14
5
5
10
6
10
200,000 212,569
200,000
80,103
500,000 1,206.561
350,000 261,198
150,000 102,171
1,000,000 1,670,200
200,000
33,582
250,000 110,571
300,000 1,248,623
250,000 1,229,616
10
6
14
16
6
10
14
5
10
6
20
8
8
8
10
10
3
7
16
24
10
10
3
10
10
July, '04.10
Jan, '04. 3
July,'04. 4
July,'04. 7
Deo., '03. 5
July, '04. 5
Aug.,»04. 3i«
July, '04.10
Oct., '04.
Aug.,'04.
4
5
July, '04. 5
None Jan., '02. 3
5
4
16
24
16
30
Jan
'04.
,
3
Aug.,'04. 10
July, '04. 15
Over all liabilities, including re-insurance, oapital and scrip.
GAS COMPANIES.— SEE ALSO MISCELLANEOUS.
Companies.
Par.
Securities
Dividends and Interest.
Period.
afloat.
JBingh.(N.Y.)lstM.
$1,000
&H.
100
Col'inb's(0.)G.L
Pref., nonoum
100
Col. Ga-<, lstM., g. 1,000
{Con. Gas (N.J.) Stk.
100
Con. M., gold
c* 1,000
L. Br. L'g 1st M.6s. 1,000
Indianapolis Gas
50
1st mortgage
1,000
M. $7,500,000 5%g 1,000
Jack. (Mich.) Gas Stk
50
1st M. 5a, g
1,000
JMadison (Wi3.)GAE 100
1st M. 6s, g
1,000
Deb., scrip,g.,6 p 0. 25 &c
Minneap. G. L., Stk.
50
02. '03.
$732,000 A.
1,700,000
3,600,000
1,500,000
1,000,000
971,000
15,000
2,000,000
2,750,000
333,000
250,000
320,000
400,000
350,000
100,000
800,000
3,000,000
1,000,000
2,000,000
500,000
& O
D
J.
1932
Jan Mar
J
J.
<fe
&
& J.
& J
Q.-J.
M. & N
A. & O
J. & D.
A. & O
J. & J
A. & O
A&O 10
J. & J.
J.
J.
%
*Date.
Air. 1, 1938
Mar.17,'04,4
June. '04, 3
5
5
Jan. 1, 1936
6
6 Jan. 15, 1914
n'ne n'ne July 3,1900,2
6
5
4
5
6
5
May
1,
1920
4
Apr. 1, 1953
Julyl,'04. 2>a
5
Apr.
1,
1937
2i« n'ne July20'02,2i«
6
6
8
1926
6
Apr.
6
8
6
V. 71, p. 392.
July, '04, 4
1,
Conpol. M., gold... 1,000
1910-1930
M. & 8 6
NewM.5s,$lorocooo 1,000
Nov. 1, 1930
M. & S.
Mun'lGas(Alb,N.Y) 100
Nov.1,'04, 2i«
Q.-F. 10 10
1st mortgage, g
1.000
J. A J.
6
6 July 1, 1906
Rochester Gas & Ele ctrlc —See 8tee et Rail w'T Sect ion.
ISt. Jos. (Mo.) 1st M. 1,000
762,000 J. & J. 5
5 July 1, 1937
tSt.P.(Mlnn.)G.L.8'k 100 1,500,000 Q-J.
Apr., '04, 1»«
(?)
(?)
1st M., currency. . 1,000
6 July 1, 1915
650,000 J. & J. 6
Consol.
6 July 1, 1918
1,000
600,000 J. & J. 6
Gen. mort. gold.
5 Mar. 1, 1944
1,000 2,719,000 M. & S. 5
Wash'n (D. C.) G. L..
20 2,600,000 Q.—F. 15 10 Nov., '04, 2»«
Reg., 6, Series A, g Var's
6 J'ne 30/02-27
300,000 J. & J. 6
Reg., 6, Series B, g Var's
6 Deo.31,'04-29
300,000 J. & J. 6
Ctfs.of iniiebt.6%
op. June 1/08
2,600,000
* This column shows last dividend on stocks, and maturity on bonds.
See page 170.
t Now controlled by American Light & Traction.
M
RAILWAY EARNINGS.
1914
[Vol. lxxix.
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
Jan.
Ala. Gt. Southern—
Feb.
March.
May.
April.
*
$
$
206,012
230,374
224,563
252,416
$
183,917
203,624
206,566
268,882
190,782
188,458
232.853
260.373
175,636
205.204
239,951
248.162
4,416.886
4.878.152
6,876,929
6,407,329
4,142.989
4,277,407
4.829.248
5,346.860
4,638,722
4,794,270
5.257,313
5,529,512
4,874,746
3.997.226
4,750.906
4,813,253
4,410,818
3.517.331
4,067,053
4,481,478
4,834,806
(472 m.).
(472 m.).
(472 to 600 m.).
(600 to 563 m.;.
463.736
478,514
573.636
482,979
to 7.590 m.)
1902
(7,590 m.).
1903... .(7,690 to *,044 m.).
1904. .(8.044 to 8,329 m.).
260.886
5.489,11"
6,610,2,8
4,138.517
4,631 304
6,410,350
6,483,811
3,879,745
4.748.829
6.623,604
6,501,230
4,007.106
5.113,450
6.720,093
5,242,966
4,023,127
5,088,206
4,638,868
6,176,626
5.885.86'
5.862.f>80
6,381,898
403,807
352,326
635,986
404,620
486.988
616,540
632, *- 2
642,919
489.362
408.697
024,992
561.761
518,987
6X4,135
652,128
626,191
532,721
612,482
707.720
688,830
2,054,016
2,621,792
3.148,456
2,896,590
1,977.189
2.349,039
2.827,295
2,541,862
2,500,619
2,953.770
3,615,752
3,532.187
2,681,812
3,263,849
4,061,505
2,664.847
3.237,082
3.902.962
4,113,626
2,702,177
3,170,971
4,162.610
4,416,865
2,851,456
3,246,620
3.907,3 '4
4,308,(84
m.).
m.).
671,237
762.443
850,053
807.208
826,701
655.089
843,147
834,466
672,608
631,708
826.4 74
852,353
448,706
628,878
673.230
651,400
470,048
556.715
633 815
660,127
477,100
568.864
669,166
66r,383
670,016
877,871
714 975
746,651
598,089
682,150
086,687
726,992
m.).
m.).
m.).
m.).
1,408.018
1,309,512
1,838,85b
1,539,960
1,164,482
1.217.280
1,620,532
1,563,503
1,363.104
1,138,670
1,566,10*
1,698,380
1,340,189
1,580.377
1.743 610
1,039,308
1,316,044
1,196,124
1,748,007
1,921,916
1,603,780
2,1-98,577
1,404,737
1,(61,911
1,886.587
1,921 665
1,079.675
1,212.698
1,324,946
1,170,686
1,575,810
1,466,186
1.536,bl9
1.647,339
1,655.633
1,736,088
1,754.871
1,712 012
1,888,001
1,607,763
1 630,282
1,902,623
1,848.806
1,939.670
l,979,0a7
2,02'" ,285
1.228,200
1.339,846
1.550.697
1,5:2.129
1,126,102
1,225,252
1,340,929
1,440,088
1,261,873
1,434,081
l,6u3,760
1,657,826
1,171,199
1,810,902
1,442,6/3
1,502,160
1,617,942
1,818,710
1.194.028
1,626,050
1,737,716
1,346,706
1,041,652
1.671.375
1,671,604
1.499.278
1,167.084
748,838
780.002
846,809
908.103
666,627
691,767
66] .637
682,058
802,009
783,172
747,168
703.826
837,703
842,928
767,728
727,714
747.957
966,168
827,658
836,474
9^2,907
917,140
850,618
890,286
897,166
716,081
766,956
874,007
960,590
1,047,166
1,103,081
631,733
629.088
616,126
599,904
524,862
654,670
680,870
695,876
583,100
631.575
677.566
719,666
669.318
681.796
639 622
629,770
593,189
688,460
633,162
686,631
607,120
532,6o0
707.815
600,387
605,298
648,793
680.682
524,714
739,820
658,780
730 741
625,106
316,512
334,084
367,388
340,520
275,343
2b7,820
356,675
33S.012
386,327
467,063
421,695
366,140
394,170
44* 178
434,273
374.573
420,629
430 524
454,773
366,692
891,161
436.408
444,649
887,693
408,410
482.013
468,850
424,618
443,107
492,6' 8
610.525
3.31S.669
3,598.939
3,498 148
3,662,438
3,093,905
3,001.541
3,301.356
3,411,102
3.530,905
3,740,360
3,244,106
3,43;. 908
3 1-95,709
3 846,1'1
8,626,036
3.555.990
8,873,717
4.050.923
3,8o6,190
8,582,041
3,661,393
4.169,043
4,002,220
8.964,056
3,964,072
4,178.54
4,038,778
8.232,192
H.484.309
3,702,3-2
3.531,435
Nov.
—
Deo.
*r~
Total.
2,354,802
2,676,468
2,971,080
683,744
....(3.884 m.).
1903b.. (3.884 to 8.948 m.).
1904b
(3.948 m.).
181,876
202,440
243.849
236,430
$
200.720
227,421
268 522
274,820
I
196.820
226.618
259 653
260,989
239,683
239,431
274,320
220,951
231,820
256,400
t
213,879
816,203
272.567
4.941,070
4,858,285
6,694.733
6,444,334
5.012,230
6.141,070
6,870,813
6,390,922
6.010,930
6,5.6.026
6,439,579
6,64x,l»2
6,848,888
6,328.953
6,639.867
6,035,716
68,404,463
60.053,880
66,467,612
4,997,338
6.430,434
8,028,069
6.048,760
5,324,676
6,638,672
6,022,316
4,878,880
5,029.951
6,810,868
4,690,024
63,067,818
5,274,612
5,070,080
6,640,767
5,087.786
6,870,352
567.438
612.087
7(7,386
649,lu5
696,750
642,063
762.274
746,216
564,818
843,552
707.342
643,997
704,613
710,106
623,106
643,772
476,041
528,976
511.818
6,265,731
6,078,594
7,769.490
3,118,551 3,264,024
3,654.184 8,661,482
4,076 154 3.93 ,00i
4,474,237 4,171,000
3,682,403
4.127.402
4,488.204
3,583,383
3.9', 6,069
4,142,009
8,497 733
8.959,146
4,264,816
84,467,709
40.120,406
46,848,968
589.843
820.252
T82.083
•929,805
796.703
879,9»0
950,09o
751,406
791,932
862,765
760,992
816,381
926.891
7,323.293
8.862,277
9,418,880
1,674.597
1,319,375
1,443,846
907,652
1,7-' 0,863
1,543,881
1,087.887
1,013,011
-
1,9.88,260
1,513,047
1,7x0,69
1,801,074
1,209,773
1,629,724
1,764,830
16.783,498
16.349,481
21,848,085
1,878,582
2,0' 8,724
8,207,66-
1,939,967
1,942.946
2,219,660
1,724,443
1.935,917
1,974,157
1,509,196
1,706,703
1,879,522
19,920.452
20,779.608
21,988,716
1,456,053
1,181,846
1,672,707
1,667,164
1,845,627
1,714,788
1.357,238
1,428 428
1,666,623
1,253,218
1,446,167
1,578,929
15,894,283
15,634,528
18,771,870
802,694
873.658
1,073.534
847,800
r
925,38
1,121,227
813.562
842.270
931,376
761,092
848,778
948,506
9,201,488
9.509,166
10,964,961
664,«20
676.941
749.3-9
739,820
753,016
880,669
652.185
076.664
776,803
610,137
647,323
685,208
7,420,323
7,477,266
8,828,072
398,661
444,812
503.230
*605,172
420,141
461,102
521,842
381,369
400,611
421,601
354,497
393.953
405,913
4,404,251
4,764,078
6,346,252
4,160,493
4,443,216
4,418.733
4,621,267
4,814,701
4,888,638
4,177,189
4,800,781
4,410.776
3,991,254
8,903,803
4,168,007
44,362,007
46,404.839
48,688,428
3,160.794 3,104,737 3.531,113 8,478.060 3.688,282 3,913,102 3,884,666 4,298.425 4,276,719 4,546,104 4,046,328 8,618,773
3,565.525 3,287,942 8.474.^04 3.772.224 3,060,122 4,t.()0 368 8,082,050 4,2(4,840 4,640,252 4,811,811 4.174,0e2 3,787,901
8.546,046 (13,407,399 (24449.360 d4.501.715 d4.830.HS6 (14.706.729 d4,766.402 d4.843.746 d5. 183,381 d5,6i 8.178 d4,721,2&0 .11,214,88
3,792,662 3,700,126 4,350.831 4,038,260 3,835,909 4,3&0,5o7 4 625,080 4,929.010 6 386,624
45,622,029
47,671,411
54.3E 5.401
980,259
072,740
4,953,2:48
4.763,502
4,696,708
s.-sae.S'O
4,742,636
4,061813 60,071,409
6,189,279 +06,196,643
Pittsb.-
cfc
Canadian Pacific—
1901... . (7,467
Central of Georgia—
1901. ...(1,680 to 1.845
1902
(1,845
19U3....( 1,845 to 1,677
1904
(1.877
Cent, ot
249.4f.u-
I
Sys.-
.
Koch.
Oct.
1.834,750
1.294,797
1,492,924
1.849 678
1,460.659
Fe
1901. ...(7,808 to 7,860 m.)
1902. ...(7,860 to 7.952 m.)
1903. . ..(7,965 to 8.213 m.)
1904.. ..(8.* 13 to -,299 m.).
Baltimore it Ohio—
1901 ...(3.200 to 3.220 m.)
1901
1902
1604
1904
Sept.
(1.359 m.).
(1,359 m.).
(1,369 m.).
(1,369 m.).
At. Top. it 8.
Bull.
Aug.
4,617,435
4,444.282
4.48T.60O
5,117.487
(310 m.).
(310 m.).
I
170.145
195 365
July.
4,837.478
4.911.889
5,215,138
5.338.4SS
(310m.)
(310m.).
1901
1902
1003
1904
1902b
June.
(
174.482
210,600
260.491
254,626
m.)
m.).
New Jersey—
1901a
(638
(638
(638
(638
1902(j
190-iff
1904fl
3,
05394
990.874
2.192,211
594 810
744,627
Central Pacific—
1901
1902
1903
1904
Chesapeake
<t Ohio—
1901 ... (1,532 to 1.607 m.)
1902. ...(1.607 to 1,636 m.)
1903. ..(1,636 to 1,641 m.).
1904.. ..(1,641 to 1,651 m.).
Chicago it Alton—
1901
(920 m.).
1902
(920m.).
1903
(920 to 916 m.)
1904
(915 m.).
.
Chicago Gt. West.—
1901
(930 m.).
(930 m.).
(930 s:.).
((-18 m.).
1902
1603
1904
775,661
1.40-.85:
1,500,332
1,611,050
1,853.768
2,054,808
16.5 291
1,819,781
Chic. Ind. it Iioulsv.—
1901
1902
1904
(547 m.).
(547 m.).
(547 to 558 m.).
1904..
....(556 to
591m.).
366.68'
Chic. Mllw. <t St. P.-
1901. ..(6.671 to 6,746 m.).
1902... (6.746 to 6,754 m.).
1903.. ,.(6,764 to 6,833 m.).
1904... (6.843 to 6 9u6 m.)
Chic, it North West.—
1901. ...(5,662 to 5,63b m.).
1902... (5.638 to 5,921 m.).
1903d. .(5,921 to 7,412 m.).
.
.
180ld
(7,tl8m.).
Chic. St. P.
1*1.
tfcO.—
1,119,320
1,019,626
1,015.677
977.702
1,083,681
1,206.210
I. li 0.6.1
1.220,095
1,261,630
1,327,262
1,243,401
1,079,878
1,081,243
1,091,171
1,056,514
11,196,408
1 1,907.521
12,055,288
fc61,696
847,236
806,250
051,872
847,821
567.803
664,083
459,609
647.887
610.323
610.510
440,579
610.602
593.150
673,886
452,946
473.080
034,888
667,441
466,287
503,477
642.628
6,6.126
460,800
6u0,338
680,477
649,538
473,529
602,973
606,760
474,107
466,482
636,600
429,893
462,106
520,507
6.835,104
5.811,799
6,676,980
1,385,863
1,460,436
1,725 376
1,714,430
1.367.854
1.403.607
1.(33 624
1,637,537
1,625.495
1,532,042
1.806 680
1,775,884
1.706,956
1.658.000
2,039.013
2.UB8.748
1,596.195
1,560,037
1,860,264
1,764,084
1,729,193
1,746,191
2,001,298
2,1.6.008
1,682,628
1,746,928
1,960,118
1,782,097
1,818,617
1,618,749
1,702,500
1,697.709
1,614,843
1,701,943
1,697,237
18,608,545
18.976,576
21.197,783
360,334
417,046
461,735
300,120
868.301
452.600
469 sn
39B.0O3
343.262
433.060
484,243
379,820
3-i8.864
493.041
634.404
556.7(7
471,114
527.941
653.719
490,749
446,487
506,472
569.727
497,245
666,773
684,631
498.669
632.817
515,860
439,225
609,141
469,838
6,145,540
6.920,469
6,259,138
1,195.037
1.367,091
1,871,168
1.218,328
1.076.886
1,121.263
1,140.608
1,088.677
1,310,480
1.227,778
1,352,085
1,182,086
1,3)3,444
3,180,894
3,298,490
3,661,624
2,956,330
2,737,102
2.752,306
3.353.241
2.908,800
3,309,634
3,464,023
1,927,949
2,535,140
2.728.436
2,607,2.8
380".240
773,306
956.360
059,364
919.678
755.183
816.870
836.511
773.538
850.149
982.062
410.732
458,689
400,792
505,641
402.001
428,665
458,533
522,203
445.672
477.510
626.300
572,101
1,350,841
1.429,596
1,561,489
1.3o8,419
1,278.481
1,371.470
1,464,808
876.736
462,467
610,807
416,452
1901... (1,657 to 1.691m.).
1909. ..(1,591 to 1,667 m.).
1903
(1,667 m.).
1904
(1,657 m.).
Cln. N. O.
4,20o,0.;4
09
'.626
870.924
805.455
868,642
W24.008
789,163
797.269
876,877
800,422
795,037
837,047
904,389
996.086
419.449
Tex. P.-
cfc
1901
1902
1903
1904
(336
(336
(336
(336
m.)
m.).
CI. Cln. Chic, it St.
L.-
1901
1902
1903
1904
m.).
m.).
(1,891 m.).
(1.891m.).
(1,891m.)
(1,891 m.).
Colorado
it
1,220,70(1
480,' '81
Sou her ui
1901...(l,W2to 1.1.5 m.).
1902.. .(1.146 to 1.121 m.).
1903
1904
(1,121m.).
(1,121 m.).
it Rio Grande—
1901/.. (2,310 to 2.378 m.).
19. 2 /. (2,378 to 2,398 m.)
1003/
(2,300 m.)
1904/
(2,308 m.).
Oenv.
.
Erie—
1901.
1902
1003
(2,318 m.).
(2,318 m.)
(2.818 m.).
1904.. ..(2,818 to 2,31b m.).
1,32:1.476
l,339,-9h
1,249,616
3,247.665
3,686,883
450,6.47
464,572
614.200
540,728
483,880
1,367,571
1,380,813
1,416.881
1,318,682
1.437,777
1,469.182
1,402,546
1,400,16V
1.468.374
1,516,784
1,619,392
1,321,638
1,584,629 1,615,690
1,670.494 1,646,704
1.609,202 1,048,487
1,424,077 1.600.30J
1,597.944
1,689,176
1,640,687
1,489,630
1.511,787
1.343,4.0
1,447,169
1,446,503
1,237,888
16,848.621
17,168,801
17,012,289
3.641,472
8,321,228
4,204.190
8,869,030
3.562,607
8.247,009
4 3w8 929
4,092,633
8,622,693
3,188,828
4,128,252
3,930,445
3,880,663
8,060,866
4,455,601
4,103,880
8,561,644
3.511,404
4,224,844
8,757,162
3,818,162
3,635,611
3,646,220
4.04' .136
3.489,651
3,105.172
3,867.878
3.412,611
41,090,908
41.669,237
47,589,887
2,885.021
3,195.400
8.647,647
3,120,310
2,679,558
3.469,845
3,686,024
8,672,716
3,117,297
3,678,275
3 701.477
4,163,408
4,877.203
6,006,972
8,770.416
4,277.886
4,179,2u6
3,232,272
3,306,388
8,270,563
83,856,263
40,206,022
41,910,161
3,037,8.11
8,590,962
4,112.722
4.199,144
3,897,794
468,008
562,074
684.167
609,473
453,744
498.820
56i,808
•518,797
600.617
607,070
650,92-
469.920
177,801
488,601
380,067
426,053
446,0*8
4.917,663
6,604.821
6,282,778
8,383,178 3.425,270
3,400,460 3,734.466
3.971,102 4,003,963
4,214,204 4,228,836
8,752,331
4,044,608
4.367,343
8,485,364
8.741,880
4,071,681
3,418,126
3,787,102
8,806,150
89,078,789
42,242,986
47,161,473
435,618
636,670
664,840
•686,561
628.022
665,966
667,107
607,482
500,796
654,769
527,327
644,340
697,668
6,148.098
6.248,911
6.887,180
255,621
227,786
210,523
217,954
200.937
193 321
213,030
198.592
191,113
2.397,383
2,518,t01
2.371,064
472,652
613.602
384,203
623,684
3,965.9:>r
4,1(14,22
3,021,333
3,816,203
1,740,508
2,223,376
2,300,087
2,241,342
2,365,347
2,722.178
2,800.666
3,041,630
2,279,000
2,800.96
8.001,010
2,8 3,572
2.S07.525
2,017,243
3,211,0x0
3,014,643
407.522
480,866
398,113
384,272
3(7,001
878.1 77
401.928
345,793
409.821
476.277
463,450
823,978
450,072
522.093
870.052
899.364
6o8,813
6U7.077
891,008
485.824
624,403
658,730
481.852
429,936
526,168
509,388
565,477
8.220.473
8,103,554
8.777.861
8,651,170
2,969.356
3,114,007
3.466,285
8,707,767
3,226,434
8,509.116
3.968.657
4,000,660
2.953,758
3,306.236
8,705.934
3.530.378
8,178.806
3.462,870
4.043,794
3,794,563
2,910,434
8,800,318
4.087,500
4,024,226
3,176,752
x.348,770
3.822,203
3,806,184
453.040
432,013
513,000
489,666
385,646
861,283
303.011
408,660
418,943
868.843
886,697
873,289
387.775
388,041
41",884
852,106
387.190
421.264
366,880
360.014
341,829
421.069
414,006
828,295
327,166
412,597
406,000
447,»05
226,605
244.377
199.697
207,772
180.764
190,649
192.860
22-\02l
213,873
216,087
162.267
177,064
183,09n
170.S63
163.008
208,746
180.656
178,219
177.399
207,833
176,671
199,026
177,177
208,478
194.750
20o.01
201.518
202.6.5
lt)8,3s6
2o8 337
206.361
207,028
210.070
*824,143
398,440
4(0.801
S87,7lo
367.870
4 10 208
405.350
899,588
4.1,432
408,544
37*.904
466 0:6
4i3,i9o
S72.8«0
467.476
404,814
424,126
488 472
417,198
431,670
487.770
464,373
434,829
482,364
391,821
406.510
413,475
420.010
4.699.340
6.209.246
2,498.243
2,606,376
3.084.87
3,246.607
2,243.620
2,620,550
2.886.873
2.8 45,300
3.024,385
2,868,813
2,271.181
»,6«2,200
3,058 988
2,023.048
2.311,3901 2,435.640
2 709.2441 2,771,802
8.024...32 8,0 7,03.4
2,448,418
2,88h,U9
2,888,119
3.125.344
3.125.314
2,776,304
8,166.672
3,418,904
8,707,607
2,0nO.483
3,085,348
2,496.069
3,005,904
3,186,466
89,836.819
83.029.026
36,811,414
4
Gt. Norili'ii .•system—
1901*.. (6.209 to 6,246 m.).
1902».. (5.246 to 6,61.1 m.).
1908*.. (6,613 to 5.609 m.).
1904 •_
(5,t99m.).
Hocking Valley—
1901
1902
1903
1904..
(346 m.).
(346 m.).
(346 m.).
(346m.).
Illinois Central.—
1901.. ..(4,266 to 4,2'H m.).
1902... (4,284 to 4,300 m.)
1903. . (4,300 to 4,328 m.)
1904.. (4.328 to 4.374 m.)
Intern'l it Gt. North.
.
.
.
1901
1002
(820toH!-5m.).
C-86 to 1.068 m.).
1903.. ..(1,053 to 1.149 m.).
1904.. .(1,149 to 1,159 m.).
Iowa Central—
1901
1902
1908
1904
Lake
(610 to 543 m.).
(543 to 568 m.).
(558 m.).
(658 m.j.
Erie
1.79.. 5 10
»fc
•220,204
200,340
West.—
S7i*,2«2
358,043
308,604
418,3*8
(8»0 m.).
(880 m.).
(880 m.).
369, '•74
322.342
863,730
829.102
356,846
346,765
to 3,813 m.).
to 3,441 m.)
to 3 670 m.).
to 3,638 m.).
2.501,637
2,724,756
3,060,768
3,068,285
2,263,937
2,401,649
2,777,563
3,113,928
to 2,186 m.).
1902r... (2.1-6 to 2,685 m.).
1903<K..(2,9 5 to 2.807 m.)
1904«...< 2,897 to 8 156 mJ.
1,460.977
,629,970
2,020 .660
1,370.881 1,530,856 1,446.529 1,614,483 1,438,762 1,876,306' 1,301,222 l,328,59o| 1,456,159 1,494.673 1.672,387| 17,493,874
1,460.657 k 1,808,258 fcl.764,564 fcl,894,53l kl.697,780 kl,640,803 kl,699,137 kl.670,028 kl .905,171 kl,885,090 k2.061,329 k21,132,227
1,920.987 2.163. 91 2.213.447 2,139,b76 2,079,144 2.0>2.H43 2,052,615 2,020.846 2,226,08* 2,u4o,090 '2,H2,464 25,OiO,356
1,976,814 2.080,898
2,449,9dl 2,347,081
1002
1903
1004
Louisville <t Nashv.—
1901... .(8. 164
1902. ...(3,813
1903.. ..(3.441
1904.... '8 679
Mexican Centralize.. .(2,054
1
2,064,62'
2,870,381
Mexican Internal'!—
10OU
1902*
1903*
1904«
(848 m.).
(848 to 880 m.;
(880 m.).
(880m.).
485,804
547,764
644,39
582,62.
476,927
487,672
690,674
693,612
612.201
640.373
692,8.40
667,693
485.246
636,387
63»,628
507,024
614,011
513,936
609,723
657,364
456,144
486.583
b54,441
672,458
2,800.840
451,224
527,770
542 888
670,806
8,167,080 3,183,680
498,549
633,604
530,801
660,471
466,222
642,512
530,766
501,070
6H4.368
540,429
566,683
664,067
606,030
547.088
689.947
697,302
6.960,824
6.643,181
7,091.888
* Approximate figures.
6 Includes Pittsburg & Western, Ac
+ Figures here given involve oorrectons for aome of the months.
/ Includes Rio Grande Western in all the years.
e Figures are given iu Mexican currency.
d Includes trans- Missouri lines beginning Ken. 16, 1904.
k These figures include results on Monterey & Mexioan Gulf from Men. l. 1904.
Monthly figures do not inolnde Ne* Vork * i,ong Branch l>ivi»i..n.
and also Mexico Cuernavaca A I'acifio and ttlo Verde Branch, etc., from Jan. 1, 1903.
..
.
.
.
.
1
1
RAILWAY EARNINGS.
Oct., 1904.]
1915
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS— (Concluded)
Jan.
Louls—
Sept.
Oct.
Nov.
(
840,312
841.996
290,104
816,232
806.700
255,074
286,682
206,63
257,111
3,676048
692.109
844.4K8
802.550
604,803
742,101
77u,301
610,402
613.454
631,082
5,600,429
6,825,377
7,276,517
1,891,465
1,894,857
1,974,416
1,574,751
1,«30.'13
1,733,062
1,383,904
1.874,148
1,646,011
16.363,908
18.709,*95
17,578,^88
Total.
Dec.
I
800.348
340,295
256,608
240,b93
I
297,401
317,613
t
807,717
807,043
248.221-
2e6,of>7
t
305,793
851,432
269,853
206,625
t
26",001
289, "00
227.943
197.811
246,815
253.-46
•372,68,)
301.491
400.715
455,576
484,834
290,615
376.V49
438,137
889,207
364.106
450,347
405.681
535,0**
678,910
474,765
416,231
627,984
679,525
489,229
430.73-4
533,750
828,816
651.820
445.P19
692,27*
689 732
641,479
482.589
579,089
6i'N58<)
568,751
723,294
786, «i 3
609,578
762,906
1,353.850
1,311,028
1,403,336
1,493,749
1,188,099
1,111.690
1.298.032
1,384,393
1,259,701
1,240,337
1.332,679
1,397,426
1,159.761
1,266,71s
1,251,999
1.337,896
1,896.286
1,331,847
1,201,517
1.172,7f4
l,09-,056
1,410,797
1.255,044
1,271,569
1.327. H 2
1,388,397
1,382,626
1.463,101
1,663,460
2.929,477
2,013,85*
3,693,937
3,534,567
2.638,974
2,620,890
3,090, 146
3,521,229
2.931.848
3.069.2H5
3,511.808
3,045,178
2.716,399
2.824,180
2,955,879
8.213,014
8.078,782
H.-01.150
8,344.685
3.5O0.46C 3,197.433
3.312.548 3,223.006
4 '20.381 8,97 1.041
4,091,945 '4.086,(100
3,693,833
8,764,600
4,067,477
3,314,738
8.51M.462
3,619,020
8,013,736
3.390,050
3,693,352
86,861,098
87.495,887
43,095,768
3,135,690
3,324, s02
3,2.^9,412
2,683,012
2.757.380
2,997,317
3,232,663
599.300
580,616
674,207
688,783
481,400
614.224
676,682
688.642
5O2.EO0
558,943
729,020
647,3x9
443.517
657,622
725,086
564,748
509,667
699,364
519,*34
652.044
481,026
533,398
631,976
627,206
506,633
666,262
628,853
595,397
489,133
661.353
593.143
168,200
474,001
605,252
639,728
•693,712
672,024
639,675
710,373
665.432
644,880
632,281
563.102
620,0*8
686,41-5
6,136,882
6,976.170
7,782 686
710,076
707,436
823,797
907,641
628,040
619,041
776,396
845,722
664.663
676.610
86/.641
900,660
595.835
661,836
815.209
825,013
640.175
6-4.967
622,974
789,819
809,475
804,987
850,181
735,608
829,615
858.761
625.474
746,884
831,876
•o61,825
706,298
685,714
777,768
813,080
826,392
776,886
853,219
7,681,885
8,676,852
10,006,967
860,659
632.263
726.610
877.676
865,419
644,345
6*6.334
809,243
9/2,384
688.824
677,110
823,646
831,321
675,316
717,821
1,007,6*3
1,013,790
667.465
744,530
859.969
632,388
578,601
808,073
830,678
•884,641
867,526
625,620
865.143
866,006
732,834
016,70 1
1,066,8^0
7,724.628
9.262,860
11,344,019
876,038
589.775
790,030
939,819
046,067
687,822
718,904
1,065.271
936,471
789,817
1.035,34*
1.0i8,13l
689,569
742.134
996.649
987,369
m.).
m.).
m.)
m.)
5.182.978
5,401,007
6,239,441
5,380,74b
4,490,268
4,499,413
5,810.621
5,390,449
6,829,556
5,483,620
6,616.920
6,460,26*
5,188,745
5,783,793
6,665,86
6,319,977
5,783.869
6,963,616
6,714,479
6,369,999
6.898,fi5»
6,795,467
6.737,247
7.092,8*9
7,321.288
6,686,672
6.701.679
7,056.168
7,260,540
6,915,310
6,~98,355
7,166,763
5,837,016
6,427,077
6,600,836
6,690.120
6,204,78*
6,443,525
69,733,465
71,044.9*1
70,008,415
483,020
466,498
66»,063
449,094
385,041
833,865
638,926
455,321
446,2*4
462.428
557,227
634,261
1.366.927
1.516,620
1,776,202
1,777,597
1.269.858
1,2*2,770
1,602,290
1,686,332
1,421,088
1,486,865
684,436
738,736
858,136
697,338
&S
m.).
m.).
m.).
m.>.
A Texas
Mo. Kan«an
100V
..(2,480 to 2,602 m.).
1903o. ..(2.602 to 2.H63 m.).
1004a.. (2,863 to 8,0«2 m.).
A
Mo. Pac.
(5,570 to 5,651 m.)
1903.... (5.661 to 6,110 m.).
1904. ..(6,110 to 6.151 m.)
. .
A
.
(871m.).
(874 m.).
(874 to 912 m.)
(912 m.).
1903a
1904a
Maihv. Chatt. A
RR,
of
m.).
m.).
m.)
m.).
Mexico—
1901«
(1.323 m.).
1902e. .(1,323 to 1,396 m.).
19036. ..(1,396 to 1 660 in.)
10048.. .(1.560 to 1,598 m.).
A
A
A Western—
1901. .-(1,660 to 1,675 m.).
1902... (1,676 to 1,710 m.)
1903.. ..(1,710 to 1,7211 m.).
1904... .(1,722 to 1,769 m.).
.
1
1,4'4B
1,107,867
2,891,4 9
3,606,471
1,04.. 988
849,13)
2,071,896
1
,435,141
1.489,5*8
1,680,821
1,618.581)
1,019.122
i
(380 m.).
(380 m.).
(330 m.).
(380 m.).
S22,2>-7
873,663
(-06.161
6,551,8 78
46s,888
663.950
534,303
493.622
370,758
681.959
6,0,497
508,070
282.045
8*4.706
642, U73
543 528
337.845
683 197
648,806
571,613
408,215
680.89"
702,570
400,768
350,061
602,800
521,701
384,140
493 484
501,422
614.263
638.8-3
463,292
600.163
467,380
6,864,026
6.057.168
6,050,456
1.378,688
1,647,236
1,903 558
2,013,603
1.246.829
1.374,73
1,868,658
1,975,912
1.387,607
1,662,837
1,948 624
l,8o9,.71
1,437,511
1,713,403
1.927 .290
1,061,687
1,456.313
1,740,120
1,8*3,661
1,832,050
1,744,629
8,031,009
1,447.071
1,629,027
1,771,602
1,360,687
1,648,647
1,826,164
16,824,614
13.918.718
22,505,339
2,064,666
1,280.729
1,571,81*
1,856,408
1,908.651
581.779
601,479
716,379
719,579
646,210
671,31"
8' 8,210
768,210
692,202
76*,902
8*2.603
898,602
679,986
710,665
861.115
901,885
667,202
611,602
872,7n2
b92,90*
656,616
828.416
924.015
838,315
602,036
681,*36
761,019
705.019
878.318
819,70
768,007
889,707
742,037
776,037
834.687
2,376.489
3,032,377
3,293.432
8,108,691
2.182.133
2,872.663
3.015.719
2,941.946
2.685,964
3,162,616
3.517,657
3,493,868
2.733,715
3,304,655
8.574.43?
3,619,928
2,910.509 2,915277
3.406.274 3,605.925
3.799.881 4 2«5 950
3,710,903 •4,041,812
3,190,066
3,860,370
3,623,434 3.852.037
8.b69.2 8 4.634,5*0
4,182.738 4 611,413
4,371,171 •4,680,108
4,642.635
5.32-,186
5,244.068
4,161.676
4,379 49"
4.S51.598
3,416,527
3,769.165
3,709,698
8,040.474
8,582,774
9,587,174
8,473,874
7.144.924 8,238,904 8.142.877 8,402.038 8,482.759 8,351,103 9,214.500 8.701.050 9,530,275
7,553.324 8,686,105 9,099.777 9,901.938 9.596,069 9.771,503 10,106,000 9,822,760 10,546.975
8,2*9,524 10,138.64 10,767,677 10,624,638 10.827,830 10.995.4i 3 11. 4l,29< 10,680,750 10,726,575
8,345,424 8,624,401 10,368,277 10,106,138 9,777,669 9,481,103 10,20^,880
8,774.325
9.465,825
9,799,060
8,308,075 101.329.794
9.529.375 112,668,895
9,228,175 122.626,419
701.067
844,718
5840,740
774,126
9.201,175
868.569
9,955.375
5983,918 511,431,901
1.915995
460.86!
Northern Central—
1901
1902
1803
1904
3,473,226
5,940,096
6.038,83*
6,849.464
6,443,618
West'n-
(648 m.).
Norfolk
1.4
Hud. Rlv.-
1901d...(3,223 to 3,320
(3,320
1902d
1903d... (3,320 to 3.422
1904d.. (8,422 to 3.490
Ont.
t
St. Jj.-
(1,195
(1.196
1903c... (1.196 to 1.201
(1.201 to 1.212
190*c.
1901c
1902c
1901
1902
1903
1904
468,817
Ohio-
190la
1902a
<:.
56 ',735
Iron Mt.—
1901... .(6,543 to 6,570 m.).
Mobile
222,211)
t
-
to 2,480 m.).
1001(7... (2.222
I
260.772
262,976
S.M.-
1*.
1901 ...(1.278 to l,35i>m.).
..-1.356 to 1,452 m.).
1902..
1903.. ..(1,462 to 1,460 m.).
1904. ...(1,489 to 1.629 m.)
If.
Aug,
July.
i
257,98*
274,143
234,100
198,287
Minn. St.
N.
June.
I
2*2,499
298,169
235.86836,463
(643
(643
(643
(843
K. V.
May.
April.
I
269.630
222.569
199,643
178,770
St.
dfc
1901
1802
1908
1604
Mat'l
March.
(481 m.).
(481 m.).
(481 to 648 m.).
Ulnneap.
1902.
Feb.
6,907,780
6,7 2 i.77i
810.O3ti
643,040
8.267,048
803,940 88,456.6*5
824,240 410,310,0*5
010,236
Northern Pacific—
1901 6.. .(5,560 to 5.302 m.).
1 9026
(5.302 to 6,394
.)
1903b.. (5,394 to 5,6 iO m.).
1904b
(6,610 m.).
m
. .
Pennsylvania—
(All lines east of P. & E.)
190111.(3,769 to 3,673 m.).
1902+1. (3.673 to 3.640 m.)
1908U.(3,640 to 3,658 m.).
(3,668 m.).
1904t'
Pere Marquette—
1901.. ..(l,76o to 1,779 m.)
19031. ..(2,0b4 to *,108 m.)
19045
(2,108 m.)
A Keatling-m.).
(1,000
Phlla.
1901
1902
(1,003 m.).
1903... .(1,003 to 1.010 m.)
1904
(1,010 m.)
A Iron Co.—
1901
683.386
771.998
5808.10*
780,684
678,137
685.215
832,355
5976,848
•931,543
2,490,817
2,604,049
3,084,935
2,513,729
2.040,166
2.147,895
2.794.984
2,574,171
8,415.752
2,440.129
8,106 731
2,962,81b
2,222.265
2,76«,303
2,978,185
3,228,411
2,574.734
2,261,710
8,295,110
2,906,970
2,826.354
2,658.061
8,192,587
2,987,528
(l,.79m.)
1902
595.342
676.025
2,337,611
2,193,320
2,977,386
3,429,204
2,043,820
1.7.2,28*
1,698 041
2,279,386
2,345.039
2,232,050
2 861.155
4,450,20
2,340.616
1,166.813
2,952,*38
3,347,691
5.817,171
5,262,110
6.277.6*2
5,511,808
4,377,777
4,341,215
5.772,370
6,003,376
4,459,072
4,212,415
4,*03,772
6,242,204
4.567,304
6.998,353
5.* 38.340
7,6 8,634
6.415,350
8.4I8.F23
6.247.948
6,304,661
1797.75'
798.031
1-03.697
5038.53"
•943,241
Coal
1902
1903
1904
i
Rock Island System—
1901j>
(3,819
(3,819 to 7,< 33
1903r...(7,033 to 7,114
190lr. ..(7,114 to 7,2o9
1902p
St.
I..
.
A
B. Kr.
4.071.S88
732.670
759,012
774,798
788,331
59il,377
5920.059
•983,076 '1,005,932
Total both Co.'s—
1901
1902
1903
1904
4,144,6-48
776.815
808.108
004,235
007.46"
8S4.734
085,160
857,031
039,151
1 63,681 51.055.743 $1,' 84.882 51,051,133
0J3.478 •1,138,180 *i,106,l¥8
2.203,119
1,921,176
3.131,41k
2,661,437
2,570,160
2,602,620
191,763
8,1 '0,835
3,026,156
1.899.506
266.197
2,424,983
243,313
69*
2,337,839
2,
4.095.625
2.177,372
6,157.017
4.999 3?6
4,996,152
2,234,608
5.923,- 1
6,235,960
47,980,874
2.435.553
l,9o9,444
3.023.121
2,846,251
2.244,542
2,000,804
2,640,612
2,887,469
2,759.211
2,411,700
2.787,531
20,473.076
27,912,369
36,847,818
2,304,214
165,316
2,121.014
8,165.184
616.096
2,421,628
3,034,645
2,344.718
2,805,068
2.483.857
2,901.350
2,006,704
30.300,690
17,631,192
32.583,291
4,730,767
2,094.760
6,043,133
6,010,388
2.761.638
5,412,333
6,675.157
5.232,187
5,154,279
4,805,557
5.762,478
5,694,325
69,774.676
45,543.681
68.831,104
2,'<81,211
5,226,366
2,048,102
6.505,235
6,066,479
38,734,461
45.201578
2,623,835
1, 856.389
3,324,8011
3,089,323
8,02.i
1,002,11)5
8.072,-82
2,964,758
60>49
2.861.1 19
m.). 2,194,480 1,841.881 2,064.950 1,991,110 2,205,825 2,127,325 2.790,858 2,996,672 2,703,337 2,944,491 2,489,188 2.291.205 23.741,332
m.). 2.297,51* 2.2R3.156 2.214,010
r3.323.456 r3.778,3i'" r3,810,9«' r4.278,680 r4,461,l46r8.878,0l5 r3,976.79i
m.). 1/3,888,206 yS 583 375 1,8,68 .436 1/3.618 162 1,3,198.735 12.903.078 »3,937.780 1,4,413,'. 6 1/4,390.697 1,4,432.933 jy3.911.772 1/3,881.532 1,45,738,046
m.). v3,478.0'/9 1/3,43 0,610 1,3,696,696 i<3,088,339 1,3,025,226 1,3,393.615 j/3,o83,9»8 1,3,896,814
Sys.—
1901... .(2,924 to 3,201 m.). 1,700,647 1,490,431 1,603,105 1,545,273 1,654,810 1,623,870 1,681,592 1,764,61)
1.811,489 2,177,812 2,031,048 1.6R9.519 20.774.007
1902.. ..(3,202 to 3,584 m.)
1,799,57; 1,598,671 1,817,117 1,691,287 1.746,970 1,702,697 1,818.669 2.037,035 2,137,752 2.348,620 2.068,116 1,087.004 22.764.315
1903... .(4,330 to 4,891 m.). $2,759,480 $2,466,711 $2,693,261 $2,682,41* $4,595,81* 42.512,860 $2,8-5,337 *S.1«7.932 $3,191,717 $3,357,892 $3,000,720 $3,118,86.- $34,653,010
10O4..„(4,891 to£,80m.). $2,911,360 $2,870,434 $4,986,257 $2,622,0i0 * <,643,320 $4,685,335 $2,783,503 $3,412,434
Louis Southwest.—
St.
... (1,293 m.).
1903. ..(1,293 to 1 ,303 m.)
1904.. ..(1,303 to 1,309 m.).
677,712
640,588
694,659
686,371
616,627
650,857
572.604
669,164
621,436
603.827
672,399
693,627
574,789
536,744
613.836
519,111
631,668
673.35;
634,659
658,461
494.990
618,074
626.92m
661,010
607.865
620,888
6^3.537
641,981
1901.. .(8,681 to 8,759 m.).
1902... .(8,794 to 8.8)6 m.).
1903... . (8,836 to 8.978 m. )
1904 .. .(8,878 to 9,02b m.).
6.150,182
7.147.795
7.002.040
7,118,840
5,735,447
6,099,008
5,918,438
6,822,827
6,446,736
6.628,220
6.881.618
7,223,841
6.836,855
6,810.181
7,308.979
7,428,707
6.941,974
6.832,*56
7,459.844
7,608,720
8,285,247
6,464,813
6,721 677
3,084.187
3,284,688
3,503,040
3,722,044
2,947.991
2.970,355
3,380,558
3,779,895
3,188,915
3,242,083
3.810.&00
4,051,980
2 855,117
3.143.. 64
3,543 440
2,802.887
8,173,370
8,521,793
3,532,129
2.698.6*6
3,034 833
3.359.402
3,487,550
1,073,516
1,064,749
1,067,060
1,189,450
959.700
875.817
909,901
1,007,511
986,805
860,*39
1,001.654
048.984
908.100
906,883
927 916
802,582
884.128
804,072
910,348
798,891
200,418
220.580
273.197
233,669
179,064
191,217
230,408
247.746
202.902
232.825
387,824
193,017
227,109
291 223
220,022
2,886,e83
8,325,156
3.210,*29
fl 4093,778 n 3837,807
8,294,313
3.476,869
4.099.133
n 1037,884
3,418,73*
3,740.374
4,175,206
n 4 159,027
1.518,685
1,660.209
1,672,454
1,771,412
1,270.496
1,396,171
1,516.612
1,522,941
1,467,30*
1,651,558
1.706.631
1,760,616
1.354,535
1,481,651
1.780 961
1,784,769
1 411,883
1.610,760
1.92-.674
1,889,105
1,427,938
1,515,621
1,694.8)6
2,018,188
1 ,552.340
1,721,531
.CdO.16"
9,082.162
1.908.704
2.121 434
8,480,785
(950 to 9-7 m.).
(977 m.).
(977 m.).
(977 m.).
410,808
453,362
470,785
480,301
356,927
413,274
440,337
423,397
432,106
504.8o4
568 414
518,1 '3 J
419,581
521,229
659.4-0
b31,3d0
439,264
536,626
689,100
518,445
621,197
561,074
606,530
646,079
528,259
547,920
63' 41
678,769
549,370
594,016
618.639
604,094
m.).
1902. ...(1.099 to 1.162 m.)
1903. ..(1,162 to l.i7i m.).
190*.. (1.171 to 1,201 m.).
646,101
6<8.S14
649,956
756.157
662,530
538,119
680,762
714.790
506.000
556,855
422,931
634.526
623,7i
663 302
650.377
440.816
464,994
625.941
6-1,444
362,843
446,460
666.7*0
5n4.771
410,305
441 06i>
613.969
620,844
429,063
606.217
650.814
1901... (1,25b to 1,293
.
m.)
1902
.
Southern HaclticCo.—
Southern Railway—
19011... (6,728
1902J.. .(6,781
19081. ..(7,114
1904J.. (7,144
.
Texas A
to
to
to
to
8,740
7,114
7,144
7,193
m.).
m.)
m.)
m.)
A
1901
1902
1903
1904
Ohio Cent.—
(430
(430 to 436
(436
(436 to 440
m.).
m.)
m.).
m,).
29 '.01*
Union Pacific Systeui1901....(5,.99to5, 40m.).
1902.... (6,744 to 5,761 m.).
1903. ...(5,768 to 5.344 m.)
1904.... (5,344 to 0,3a6 m.).
Wabash—
1901. ...(2,358
1902.. ..(2,367
1903.... (2.484
1904.. ..(2.486
to 2.367 m.)
to 2,484 m.).
to 2,4o6 m.).
to 2,616 m.).
3,211,591
3.942,308
3.900.261
Wisconsin Central
1901
1902
1908
1904
A Miss. Vai
1901.._(1,047 to l,09w
Yazoo
520.503
688.480
714,189
609,196
649,027
648,133
765,866
774,743
779.750
733,600
737,988
708,163
7,1.413
668.007
089,1*0
768,787
7,866,004
7,281.928
7,470,951
82,124,035
85.708.7*0
02,098,384
7,724,124
7,130,568
7 903,767
7,100,819
8,007,016
8,218,028
7,875,421
8,279.211
8,913,846
7.487,291
7.045,320
8,394.058
7,866,810
7,072,286
8,626,773
2,918,745
3 281.418
3,594.731
3.684,111
3,872,889
4,166,553
3,298,454
3.506,722
3,740,788
3,165,821
3.531,0-3
3,010,617
36,708,587
40,177.462
44,072.203
3,716, 117
3,073,845 3,092,328
3.498.266 3,820.343
8.754 00
8.866 6h-0
4,041 551 •4,217,689
735,353
697,011
778,751
739,424
743.754
697,615
783. ,81
759,240
847,089
019,360
789.658
056.122
944,3>6
881,170
898.S87 1,010,349
1.167,442
1.168,804
1,184,834
1,105,802
1.136.637
1,298,370
1,349,023
1.269,004
1,418.723
11,770.072
ll,2b6.601
12,004,762
235,915
247,076
878,02264,730
250.829
263,251
363.9 5
840,081
250,713
278.679
3*8.h45
365,310
266,630
262.962
258,898
281.714
349,934
250.252
•286,077
218,488
31i,.i69
203,347
2,753,898
2,977,141
3,834,459
887,995
247,770
260,684
852,716
•860,054
8.619,341
8,710,057
4.1 62,83
3,759,141
3.860,440
4,501 172
3,948,692
4,196,141
4,123,595
4.329,598
4,240,814
4.637,571
4.797,260
4.965.961
4,438,497
4.744,427
n 6052,789
3,896.226
4,158,067
ft. 4956,330
n 540*1,819
1.639,572
1.714,999
1,813 07«
1,692.341
1.604.344
1,881,002
18.388,261
19.061,461
8;>,5 16,866
S.-14-,863
8.926, 9
7,206,523
6,853.384
8
3
7,779,376
Pacific—
1901.. _ (1,570 to 1,665 m.).
1902....(l,r6> to 1,710 m.).
U03.... (1,710 to 1.751m.).
1904 ...(1,764 to 1.827 m.).
Toledo
681062
Approximate
—
672
>4
08=>
t And 66 miles of canal.
Illinois.
a Includes
n
4588,16'
n 4551,769 n 4617,363 n 4665,60
368,4ft*
n «635 882 n 5184,844 n5676,fa76
5-60,061
45,834,891
40.086.849
,14812,090
L686.379
5a 1,546
1,661,284
1.840.909
2.«t9,687
2,609,161
1,805,700
1,970,096
492.319
5*2.966
593,010
566.075
642.432
600,866
482,303
496,79*
441.976
490.641
604.918
6,631,065
6.407.486
6,883,208
666,434
758,954
730,330
775,493
786.291
805.273
665,083
759.961
846,215
6,352,308
6,095.008
7,630,158
2,206,20,3
649,2cl4
606,600
464,710
568.167
582,110
•639,135
$ After Jan 1,1903,
H Includes Buffalo & Allegheny Valley Division beginning with 1001.
includes Chicago & Eastern
Montg mery Division In ail the yea^x.
b Results on St Paul & Duluth are included.
e Includes Paducah & Memphis Division.
d Includes for all periods the Beech Creek Kailroad, the Fall Brook System and the Boston & Albany Railroad.
« Figures are given in Mexican currency.
g Includes results on 3herman Shrev. & South n, Missouri Midland and San Antonio extension since May 15, 1901.
§ Includes Lake Krie It Detroit Rive.- Ry.
J St. Louis Division included.
n Length of road was reduoed in July, 1903, by 562 mlies on account of sale of part of the Oregon i^hort Line System.
r These figures are on a new basis, covering Choctaw Road, Burlington Cedar Rapids & Northern, &c. &c.
v Figures for these years inc'.ude other Income.
i These figures involve corrections for some of the months.
y These figures do not Include otuer income.
•
figures.
1916
Fyersz & Company
BANKERS
220
LA SALLE
CHICAGO
ST..
RAILROAD BONDS
&
Marshall, Spader
74
Company
BROADWAY AND WALDORF-ASTORIA,
NEW
YORK.
MEMBERS
NEW YORK STOCK EXCHANGE,
NEW YORK COFFEE EXCHANGE,
NEW YORK COTTON EXCHANGE,
CHICAGO BOARD OF TRADE.
:
BRANCH
OFFICES:
HOTEL BELLEVUE-STRATFORD,
UNION TRUST BUILDING
PHILADELPHIA.
BALTIMORE.
Telephone No. 4678 John.
PUBLIC
Cable Ad(lress Pubaccount>
ACCOUNTANTS' CORPORATION,
JOEL
B.
ERHARDT,
32 LIBERTY STREET,
TTOX.
A.
S.
-
AUDITS,
President.
-
PLTJNKETT,
)
\
(
Secretary and Treasurer.
-
-
WILLIAM G. CHOATE.
Late
KENNY VTJnited Paymaster-General
States
Retired./
\av.y,
THOMAS
New York
(
J
NEW
YORK.
„ .,
xr .
V lCC-Prosldciits.
;
E. S.
BLAGKWELL,
Manager.
EXAMINATIONS, REORGANIZATIONS, INVESTIGATIONS
APPRAISEMENTS, IMPROVED SYSTEMS INAUGURATED.
ALL WORK ABSOLUTELY CONFIDENTIAL.
NO CHARGE FOR ESTIMATES.
MASON, LEWIS &
CO.,
PHILADELPHIA,
CHICAGO,
MONADNOCK BLDG.
SOS
CHESTNUT
Municipal, Railroad
and
BOSTON,
ST.
60
DEVONSHIRE
ST.
Corporation Bonds.
CHOICE ISSUES OF
STREET RAILWAY AND GAS COMPANIES.
LIST
ON APPLICATION.
We solicit offerings of entire issues of
STEAM RAILWAY,
WATER WORKS and
ELECTRIC RAILWAY,
GAS AND ELECTRIC CO
IBOZCsTIDS.
W.
Ml
Congress
J.
St.,
HAYES &
BANKERS,
BOSTON.
Chamber
of
SONS,
Com. Bldg,
CLEVELAND,
O.
JACOB RUBINO,
NO. 3
BROAD STREET (DREXEL BUILDING), NEW YORK.
BROKER AND DEALER IN
RAILWAY BONDS, GUARANTEED STOCKS
AND OTHER
1JETA2
INVESTMENT SECURITIES
DO NOl NEED REORGANIZATION.
T.A.McINTYRE & COMPANY,
MEMBERS OF NEW YORK STOCK EXCHANGE,
74
BROADWAY:
-
-
NEW
YORK.
United States Government Bonds.
INVESTMENT SECURITIES.
GUARANTEED
STOCKS.
THEO.
H.
EDMUND
WARREN
FREELAND,
C.
PRESIDENT.
CONVERSE
CHAIRMAN OF THE BOARD.
GREEN, VICE-PRESIDENT.
JARED K. MYERS, SECOND VICE-PRESIDENT.
JOHN E. CURRIER, SECRETARY AND TREA8UHEH.
F. RAWDON MYERS, ASSISTANT TREASURER.
L.
AMERICAN BANK NOTE COMPANY,
TRINITY PLACE,
NEW
BUSINESS FOUNDED
78 to 86
1795.
YORK.
ENGRAVERS AND PRINTERS OF BONDS AND STOCK CERTIFICATES
And
all
Bank Notes, Bonds, Postage and Revenue Stamps
other documents requiring security;
for
Foreign Governments, Drafts, Checks, Bills of Exchange, Letter Heads,
etc.
ENGRAVING AND PRINTING
Executed
in the finest
and most
prevent counterfeiting.
from steel plates, with special safeguards to
Special papers manufactured exclusively for use of this Company.
artistic style
SAFETY COLORS.
WORK EXECUTED
IN
#
SAFETY PAPERS.
FIRE-PROOF BUILDINGS.
RAILWAY PRINTING OF ALL DESCRIPTIONS.
Railway Tickets, Maps,
Folders and
Illuminated
Numbered, Local and Coupon Tickets of any
Show Cards op the Most Approved
Size, Pattern, Style or Device,
Styles.
with Steel Plate Tint*.
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